Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Corelogic Pain & Gain

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Over the March 2019 quarter, resales of residential properties in Perth created $904 million worth of resale profits which accounted for 6.3% of resale profits nationally.
But Perth also created $145 million in loss making resales, accounting for 25% of all losses nationally.
<a href="https://www.propertyobserver.com.au/images/2019/7/9/perth%201.jpg" target="_blank">Click here </a>to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/perth%201.jpg" alt="">
Source: CoreLogic
The regions of the city with the fewest resales at a loss over the quarter were: Peppermint Grove, Nedlands and Murray, while the highest share of resale losses were in Perth, Rockingham and Mundaring.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/Subscriber%20strip%20ad.jpg" alt=""></a>
Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue.
<a href="https://www.propertyobserver.com.au/images/2019/7/9/perth%202.jpg" target="_blank">Click here</a> to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/perth%202.jpg" alt="">
Source: CoreLogic
To buy the full CoreLogic Pain &amp; Gain report, <a href="https://www.corelogic.com.au/reports/pain-and-gain" target="_blank">click here</a>.
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j.ballantyne1990-6AQqhLzZaK

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report 

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Over the June 2018 quarter, resales of residential properties in Perth created $876 million worth of resale profits which accounted for 5.6% of resale profits nationally, according to the latest Pain and Gain report from CoreLogic.
The report noted, Perth also created $109.8 million in loss making resales accounting for 23.4% of all losses nationally.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20PERTH%201.JPG" alt="">
The regions of the city with the fewest resales at a loss over the quarter were: Cottesloe, Fremantle and Bassendean, while the highest share of resale losses were in Peppermint Grove (based on only one sale), Perth and Kwinana.
Perth has continued to see values fall over the quarter and subsequently resale losses have also risen.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20PERTH%202.JPG" target="_blank">Click here to enlarge</a>
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20PERTH%202.JPG" alt="">
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Perth accounts for almost a quarter of all losses among Australian sellers: CoreLogic

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Over the second quarter of 2018, there were $4.5 million worth of resales at a loss for Canberra.
That accounted for 1% of the total value of losses nationally, according to the latest CoreLogic Pain and Gain report.
The market also recorded $248.3 million in realised profits which accounted for 1.6% of profits nationally.
Most of the losses were apartments.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20CAN%202.JPG" alt="">
An example of some apartments which weren't quite loss makers, but barely budged were 37/3-5 Burbury Close Barton, ACT which gained $5,000 rising from $605,000 in 2010 to $610,000 during the June quarter.
At 61/30-32 Blackall Street Barton, ACT, the one bedroom, one bathroom apartment made just $100, a leap from $420,900 to $421,000 over the past five years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/24/Bunda%20bunda.jpg" alt="">
An apartment in the ACT that did make a outright loss is 512/240 Bunda Street City, ACT (pictured above).
The apartment sold for $445,000 in April this year making a loss of $17,900 on its last sale price of $462,900 in 2011.
It is the largest one bedroom apartment in the Manhattan on the Park development.
Over the quarter, the share of houses resold at a loss fell slightly while the share of unit resales at a loss rose, CoreLogic noted.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20CAN%201.JPG" alt="">
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Canberra house resale profits ticks up: CoreLogic

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Hobart resales of properties over the June 2018 quarter generated $134.3 million in profits and $1.595 million in losses, according to the latest CoreLogic Pain and Gain report.
The report noted that, based on these figures Hobart accounted for 0.9% of profits nationally over the quarter and 0.3% of losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20HOB%201.JPG" alt="">
Value growth has slowed over the quarter and as a result the share of resales at a loss has increased.
Kingborough, Brighton and Sorell had the fewest resales at a loss while Derwent Valley, Glenorchy and Hobart had the highest share of resales at a loss.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20HOB%202.JPG" target="_blank">Click here to enlarge</a>
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Kingborough, Brighton and Sorell return Hobart's most profitable resales: CoreLogic Pain & Gain

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During the second quarter of 2018, resales of Adelaide properties generated $471.9 million in profits and $17.9 million in losses, according to the latest CoreLogic Pain and Gain report .
The report noted, these resales accounted for 3.0% of total resale profits nationally and 3.8% of resale losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20ADL%201.JPG" alt="">
The regions with the lowest share of resale losses over the quarter were Norwood Payneham and St Peters, West Torrens and Unley while the greatest share of resale losses occurred in Playford, Gawler and Adelaide.
Adelaide is continuing to see only moderate increases in values however, like most other capital cities, the share of resales at a loss has increased over the quarter.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20ADL%202.JPG" target="_blank">Click here to enlarge</a>
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Playford, Gawler and Adelaide hit by resale losses: CoreLogic

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Based on resales across Greater Brisbane over the second quarter of 2018, the total value of resales at a profit was $1.1 billion.
Meanwhile, the total value of resales at a loss was recorded at $27.1 million, according to the latest CoreLogic Pain and Gain report.
The report noted, Brisbane generated 5.8% of the total value of resale profits nationally over the quarter and 6.8% of the losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20BRIS%201.JPG" alt="">
Throughout south-east Queensland, the council regions with the lowest proportion of resales at a loss were Sunshine Coast, Redland and Moreton Bay while the highest proportion of resales at a loss occurred in Ipswich, Somerset and Toowoomba.
The divergence between houses and units for loss making sales is likely attributable to higher supply levels across key areas of the inner city and the subsequent falling unit values.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20BRIS%202.JPG" target="_blank">Click here to enlarge</a>
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20BRIS%202.JPG" alt="">
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Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic

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Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses, according to the latest CoreLogic Pain and Gain report.
The figures in the report indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20MELB%201.JPG" alt="">
Over the quarter, there were no resales at a loss in a number of council regions; Frankston, Mitchell and Murrindindi.
The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Moonee Valley.
With dwelling values continuing to fall throughout the city, the share of houses and units resold for a loss rose over the quarter.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20MELB%202.JPG" target="_blank">Click here to enlarge</a>
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Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

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Sydney accounted for 32% of all resales at a profit nationally over the June 2018 quarter.
Sydney accounted for 11.2% of the total value of resale losses, according to the latest CoreLogic Pain and Gain report. 
The report noted that, throughout the second quarter of 2018, the total value of resales for a profit in Sydney was $5.023 billion.
The total value of resales at a loss was $52.7 million.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20SYD%201.JPG" alt="">
Hunters Hill, Mosman and Strathfiled all recorded no resales at a loss over the quarter while Canterbury, Auburn and Hurstville had the highest proportion of resales at a loss throughout the city.
With dwelling values in Sydney declining, the instances of resales at a loss has edged higher; a trend that is likely to continue as prices trend lower.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20SYD%202.JPG" target="_blank">Click here to enlarge.</a>
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Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic

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Over the March 2018 quarter, resales of Melbourne properties generated $3.865 billion worth of profits.
There were $33.3 million in losses with the inner Melbourne having the highest number of loss takers, $8 million plus in losses, each property sold at a loss averaged minus $48,000.
According to the latest Pain &amp; Gain report from CoreLogic, Melbourne generated 26% of total resale profits nationally over the quarter as well as producing 7.8% of total resales losses.
<img src="https://www.urban.com.au/images/PG%20Graph%203-1.JPG" alt="">
Over the quarter; there were no resales at a loss in a number of council regions; Cardinia; Macedon Ranges; Mitchell; Moorabool; Murrundindi and Nillumbik.
The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Yarra.
With dwelling values now starting to fall, particularly for houses, the share of houses and units resold for a loss rose over the quarter.
Click to <a href="https://www.propertyobserver.com.au/images/PG%20Graph%203-2.JPG" target="_blank">enlarge</a>
<img src="https://www.urban.com.au/images/PG%20Graph%203-2.JPG" alt="" width="732" height="708">
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Melbourne resales have generated billions of dollars in profit: CoreLogic Pain & Gain

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The resale of Hobart residential properties over the March 2018 quarter generated $137.2 million in profits and just $1.161 million in losses.
Based on these figures, Hobart accounted for 0.9% of profits nationally over the quarter and 0.3% of losses, according to the CoreLogic pain and gain report.
With strong value growth continuing in Hobart, all council regions recorded less than 7% of resales at a loss.
<img src="https://www.urban.com.au/images/2018/7/5/PG%20Hobart%202.JPG" alt="">
There were no resales at a loss in Brighton and very few in Kingborough and Glenorchy while Sorell was the only council region with more than 5% of resales at a loss.
Although growth rates may moderate from their recent highs, it’s likely such strong growth conditions over recent years will continue to see a relatively low proportion of loss making sales.
<img src="https://www.urban.com.au/images/2018/7/5/PG%20Hobart.JPG" alt="">
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