Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Darwin

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Home ownership has become more of a reality in Darwin over the past two years, according to the valuation firm, Herron Todd White.
With the market continuing to soften, home owners now have an abundance of choice in regard to what they can purchase, a recent report advised.
Currently home owners are most active in the developing estate of Zuccoli in Palmerston and the newly released Northcrest development in Berrimah.
HTW noted home owners have also started to become active in the northern suburbs and Palmerston dwelling markets.
"However, semi-detached and attached units still seem to be struggling across all sectors of the market,." it advised
Vacant land continues to be a staple for home owners.
As developers continue to release land in both Zuccoli and the Northcrest development which is now starting to come online, home owners continue to gravitate towards this segment of the market.
HTW said although established dwellings have decreased in value, the option of new builds remains attractive to home owners, in particular first home owners.
"This is primarily due to attractive government incentives to purchase new land that is becoming cheaper and builders’ margins decreasing (we have seen rates as low as $1,700 per square metre in comparison to $2,000 and above in the peak periods of the market)."
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Within the established market, home owners are active in the northern suburbs in particular.
Suburbs in this area such as Leanyer, Anula, Wagaman and Karama have had a number of sales transact since the start of 2017 and this has primarily been to home owners.
These suburbs seem to be attractive as they are affordable and allow consumers to purchase a structurally sound dwelling on a decent size block all within close proximity of the Darwin CBD.
"We have seen sales as low as $360,000 for a basic 3-bedroom, 1-bathroom, ex-government dwelling in the less preferred suburb of Karama and basic 3-bedroom, 1-bathroom dwellings sell for $460,000 in the more preferred section of Leanyer."
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-karama-124464894" target="_blank">44 Wearing Crescent, Karama</a> recently sold for $380,000. The selling agent was Ray White’s Matt Englund.
<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/2017/10/18/Darwin-HTW.jpg" alt="">  
Other areas also active within the established dwelling market in Palmerston are Gunn, Rosebery and Durack. Home owners have taken advantage of the declining value levels.
"We have seen sales as low as $410,000 in Durack for a 3-bedroom, 2-bathroom dwelling. Gunn has also produced some good buying with a basic 3-bedroom, 2-bathroom dwelling selling for $370,000."
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-durack-124339062" target="_blank">20 Kooyonga Cres, Durack</a> sold for $327,500 (picture above). The selling agents were Kylie Lynch and Paul Bunker of Approved Real Estate.
The report noted the unit market continues to struggle as the Darwin CBD is "completely saturated with stock."
"Potential purchasers are faced with the decision of why buy today when I can buy tomorrow for cheaper. Inner city semi-detached units are tightly held and whenthey come onto the market seem to be received well.
"However, the Palmerston market has continued to struggle as semi-detached units now compete price wise with dwellings in the less preferred sections of Gray, Moulden and Woodroffe.
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<div>
HTW suggested the greatest obstacle the NT property market currently faces is the declining population growth.
"As more people decide to move interstate this will continue to have a ripple effect on the property market as buyers do not consider Darwin to be a long term place of residence.
"Until we achieve stronger population growth we will not see a dramatic increase in the level of home occupancy throughout Darwin," it noted. 
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j.ballantyne1990-6AQqhLzZaK

Darwin becomes more affordable for FHB new builds

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National not for profit training, employment and community services organisation STEPS Group Australia is expanding in the Northern Territory after securing space in the CasCom Centre business park in Darwin.
STEPS has leased a 416 sqm office at the CasCom Centre at <a href="https://www.sentinelpg.com.au/properties/cascom-centre/" target="_blank">13-17 Scaturchio Street, Casuarina</a>, from Sentinel Property Group, which purchased CasCom last year for $34 million.
The CasCom Centre is a six-building business park with nearly 10,944 sqm of gross lettable area.
The property is predominantly leased to territory and federal government departments.
STEPS has taken up a six-year tenancy at a gross rental of $430 per sqm per annum.
Established in 2010, Brisbane-based Sentinel has a total national portfolio of more than 40 retail, industrial, office, land, tourism infrastructure and agribusiness assets in Queensland, New South Wales, Victoria, Western Australia, the Australian Capital Territory and the Northern Territory with a total value in excess of $1 billion.
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STEPS leases space in Darwin business park

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Darwin is the capital city where it takes the longest time to sell a property, according to CoreLogic’s latest report.
The property data firm says that it takes 94 days to sell a house in Darwin while units can expect to stay on the market for 113 days.
Conversely Sydney and Melbourne properties takes around a month to sell for both units and houses.
<a href="https://www.propertyobserver.com.au/images/2017/09/11/Screen%20Shot%202017-09-11%20at%2011.30.52%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/11/Screen%20Shot%202017-09-11%20at%2011.30.52%20am.jpg" alt="">
A three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nt-nightcliff-105424230" target="_blank">314/71 Progress Drive</a>, Nightcliff (above) has been on and off the market since October 2013.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nt-stuart+park-113601859" target="_blank">20 Ruddick Circuit</a>, Stuart Park (below) has been on and off the market since April 2013.
<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/2017/09/11/20%20Ruddick%20Circuit.jpg" alt="">
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Darwin ranks as the slowest selling capital city property market: CoreLogic

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Median residential prices in Darwin continues to decline, according to Herron Todd White’s June report.
The property advisory firm says that sales are dominated by first home buyers.
“Buying property in Darwin hasn’t been this affordable in a very long time.
“The present market can be characterised as a buyer’s market with property prices and sales volume depressed in the first quarter of 2017.
“Sales are primarily dominated by first home buyers on the back of government incentives and record low interest rates.
“In contrast, subdued rental growth continues to deter property investors from buying and investing in the local market, instead chasing larger gains in the eastern and southern states.
“The latest quarterly report from REINT for the greater Darwin area (including Palmerston) indicates that the median price has reduced by 9% year on year to $530,000 and 14% to $430,000 for detached dwellings and units respectively,” the report stated.
The majority of existing units in the CBD and inner suburbs are 15 years old Herron Todd White advises.
“Existing units in the Darwin CBD and inner Darwin suburbs of Stuart Park, Larrakeyah, Parap and Woolner offer good value with 3-bedroom, 2-bathroom apartments selling in the range of $360,000 to $500,000 and $300,000 to $450,000 for 2-bedroom, 2-bathroom apartments.
“The majority of this stock is 15 years old and offers a modest standard of accommodation.
“Furthermore, entry level units which are mainly comprised of 2-bedrooms and 1-bathroom can be found in the northern suburbs of Nightcliff, Coconut Grove, Millner and Rapid Creek.
“These units are selling in the price range of $200,000 to $350,000 and offer entry level accommodation.
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-millner-122612146" target="_blank">16/165 McMillans Road</a>, Millner (above) has been listed for $350,000.
It was last sold in 2006 for $215,000.
“Apart from the inner city and northern suburbs, units in Palmerston also offer an affordable option for those looking for a bargain with current selling prices ranging from $220,000 to $300,000 for a 2-bedroom, 1-bathroom unit and $300,000 to $350,000 for a 3-bedroom, 2-bathroom unit,” the report advised.
Inner Darwin suburbs cost above the $500,000 price bracket Herron Todd White warns.
“On the other side, dwellings in the inner Darwin suburbs are far beyond the reach of purchasers with only half a million to spend, with the latest REINT March quarter 2017 report indicating a median price of $667,500,” the report warned.
Herron Todd White states that northern suburbs are less expensive.
“However, the northern suburbs which are areas between Nightcliff and Karama have a lower median price of $580,000 and $520,000 respectively.
“Older dwellings in the less popular suburbs of Malak and Karama offer affordable entry level home ownership with a ground level 3-bedroom, 1-bathroom dwelling selling in the range of $350,000 to $400,000.
“These dwellings have a fairly basic level of improvement and require some degree of renovation.
“Other more popular suburbs such as Leanyer, Wulagi, Anula and Jingili also provide a host of options but sell at a slightly higher price range from $400,000 to $500,000.
“Further away to Palmerston, Gunn, Rosebery and Durack are some of the suburbs that most buyers would get houses with good value for money, particularly dwellings in the price range of $400,000 to $500,000 with 3-bedrooms and 2-bathrooms,” the report stated.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nt-durack-125752690" target="_blank">13 Deakin Place</a>, Durack (below) has been listed for $459,000.
Built in 2000 the property was last sold in 2006 for $390,000 and in 2002 for $110,000.
<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/2017/07/25/13%20Deakin%20Place.jpg" alt="">
New land developments have a low median price Herron Todd White commented.
“In terms of purchasing your own block of land and building a new dwelling, the newly developing suburb of Zuccoli offers affordable land options with prices as low as $100,000 or house and land packages from builders as low as $450,000.
“We expect property prices to remain depressed for the remainder of 2017, with minimal evidence of stabilisation in the form of increased transactions.
“A combination of factors has led to the sustained slowing down in the Darwin economy, such as the winding down of the INPEX LNG project and a shrinking of the local Territory population.
“The inner city unit market has been one of the worst hit segments, with a considerable supply still applying significant downward pressure on prices.
“These conditions are compounded by a lack of investors entering the market, with subdued rental conditions likely to continue in the short to medium term.
“Overall, the current property market presents a great opportunity for purchasers looking to secure a property,” the report commented.
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First home buyers dominate Darwin residential sales: HTW

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Houses in Darwin and Perth take the longest time to sell across any of the capital city private treaty market, according to CoreLogic’s latest report.
The property data firm says that it takes 84 days in Perth and 74 days in Darwin.
This is compared to Sydney and Melbourne where it takes around a month to sell.
Sydney's 33 days is higher than the 26 days being taken in 26 days.
<a href="https://www.propertyobserver.com.au/images/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.36%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.36%20am.jpg" alt="">
The unit market is a slower market in all capitals except Sydney, where there is also a 33 day time on market period.
Darwin units take 107 days on market.
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nt-darwin+city-125224626" target="_blank">43/9 Carey Street</a>, Darwin (above) was sold for $375,000 after spending 100 days on the market.
It was last sold in 2005 for $399,000.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nt-parap-124749962" target="_blank">7/16 Somerville Gardens</a>, Parap (below) was sold for $325,000 after spending 150 days on the market.
It was last sold in 2003 for $70,000.
<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/2017/08/07/7_16%20Somerville%20Gardens.jpg" alt="">
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Sydney eases to 33 days on market, but Darwin and Perth take more than double the time to sell: CoreLogic

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Properties in Darwin take an average of around three months to sell, according to CoreLogic’s latest report.
The property data firm says that houses in Darwin takes up to 73 days while units take 94 days.
This is faster than Perth.
<a href="https://www.propertyobserver.com.au/images/2017/07/18/Screen%20Shot%202017-07-18%20at%2010.07.55%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/18/Screen%20Shot%202017-07-18%20at%2010.07.55%20am.jpg" alt="">
 
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Three months to sell in Darwin: CoreLogic

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ASIC has permanently banned Ms Thuy Thi VU, a former finance analyst in Darwin, NT from the credit and financial services industries.
Ms Vu, a former finance analyst in the Darwin branch of Alldrive Holdings Pty Ltd, trading as United Financial Services (WA), was convicted on nine charges of submitting false or misleading information to Esanda in support of loan applications.
ASIC's investigation found that Ms Vu changed loan applicants' postcodes from remote to suburban postcodes and submitted the applications.
Generally, the loan applicants had been referred to United Financial Services WA (UFS) for finance by car yards in the Northern Territory as they were seeking finance.
ASIC Deputy Chair Peter Kell said, “Dishonest conduct exposes consumers and credit providers to financial risk. ASIC will not hesitate to take banning action to remove those engaging in misleading conduct from the industry”.
Ms Vu has the right to appeal to the Administrative Appeals Tribunal (AAT) for a review of ASIC's decision.
ASIC's investigation found that between June and August 2015, Ms Vu submitted nine loan applications containing false information and documents relating to the borrower's residential address postcode.
The loans were approved and disbursed, totalling $238,069.
The false information resulted in loans being approved that the lender would otherwise have rejected or referred for further assessment.
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ASIC permanently bans former Northern Territory finance analyst for suburb postcode switch

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The retail segment in Darwin in 2017 will experience its greatest shake up for many years when not one but two new regional shopping centres will open their doors for business, according to Herron Todd White’s latest report.
The property valuation firm says that Gateway is located on the highway on the fringe of Palmerston CBD, 18 kilometres south-east of Darwin.
This is a joint venture project between the Coombes Property Group (with local connections) and Challenger, being constructed by Hutchinsons.
It will offer a Woolworths, Big W, cinema complex and over 100 specialties and is expected to open mid-year.
Also expected to open mid-year is Coolalinga Village, located in the Darwin rural area 25 kilometres south-east of Darwin on the opposite side of the track from a large Woolworths-based complex.
Coolalinga Village is being developed by Gwelo, a long-standing Darwin developer and will be anchored by Coles and K-Mart.
There is already a fast food outlet and a service station on the site, but the main development will accommodate additional specialties with further stages already planned.
“We will therefore move from a situation where Darwin’s main growth corridor to the south-east has been under serviced by retail for many years to a situation where Palmerston and rural area residents will be spoilt for choice.
Not only will these two major centres be an option, but also new smaller centres at Bakewell, Rosebery, Bellamack and Zuccoli which are already trading or, in the case of Zuccoli, will be trading soon.
When you add to this the existing Palmerston Shopping Centre and Oasis Shopping Centre, the options are quite wide,” the report stated.
The effects on the rental market for retail space remain to be seen but the increased competitive tension between all these centres does result in some choices for tenants which have not always been available in the past.
"This may place some downward pressure on rents however if each centre can attract sufficient patronage this may not be the case," the report warned.
Certainly there will be some effect on Casuarina, which is currently Darwin’s dominant retail precinct.
"Casuarina is disadvantaged by its location in the northern suburbs which is close to the hospital and university but somewhat removed from the south-east urban growth corridor.
Casuarina is already re-inventing itself as a destination rather than just a mall retailer, with a new restaurant and entertainment precinct," the report advised.
At present, anecdotal evidence is pointing to population decline across Darwin and unless a major employment driver emerges soon, then this population decline will inevitably result in reduced trading for all retailers and difficulties for each centre attracting sufficient patronage.
“We are seeing weakness across all property segments in Darwin at the moment and the challenge will be to ensure sufficient population growth to ensure the viability of all these new outlets as well as existing facilities,” the report stated.
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Darwin's retail market to get a boost due to new retail developments

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The number of new properties listed for Darwin over the past four weeks has declined, according to CoreLogic’s latest report.
The property data firm says that compared to 12 months ago, the number of new properties listed in Darwin has fallen by 24.1% to only 154.
The total number of properties listed in Darwin is down too, falling by 7.3% to 1532.
<a href="https://www.propertyobserver.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.23.22%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.23.22%20pm.jpg" alt="">
This is in contrast to Canberra which has reported the highest growth in new properties being listed with an increase of 21.5%.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nt-rosebery-125123094">21 Delissaville Place</a>, Rosebery in the NT (above) has been listed for over $599,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-stuart+park-125117954">304/29 Duke Street</a>, Stuart Park (below) has been listed for $580,000.
<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/2017/05/01/304_29%20Duke%20Street.jpg" alt="">
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Darwin listings fall so tighter market set to emerge: CoreLogic

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Price growth in Darwin's detached housing market is expected to fall 1.3 percent this year, with apartment values to increase by 1 percent, according to the CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, 2017Q1.
The report said the downturn of the mining industry has pushed values down 11 percent from their peak in 2014. 
<a href="https://www.propertyobserver.com.au/images/2017/04/18/Screen%20Shot%202017-04-18%20at%209.31.36%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/18/Screen%20Shot%202017-04-18%20at%209.31.36%20AM.png" alt="">
"The recent rebound in commodity prices will support incomes over the short term," it said.
"Apartment values rose in the four consecutive months to January, with growth over the previous year averaging around 8.2 percent.
"Meanwhile, detached-home values fell for 23 consecutive months.
"The trough for home values will likely be reached at the end of this year, but overall mining investment will remain sluggish, so Darwin’s property market—both apartments and detached houses—is unlikely to rise sharply over the coming years. 
"Adding to the state’s difficulties is a rapidly ageing population which reduces the working-age population, meaning the average unemployment rate of 3.8 percent in 2016 obscures issues in the labour market.
"The outlook remains downbeat, as the rise in commodity prices is unlikely to boost investment activity."
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