Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Data

<html><body>
The Top Sellers’ Markets from realestate.com.au has seen Parkside, South Australia take out top billing.
<a href="/news">Parkside</a> also received the top honour in August 2013, while it came in second in May this year.
However, New South Wales was also highly represented on the total list, with two Victorian suburbs scraping a mention, and another South Australian area in third place.
The data compares the number of people looking per listing, to come up with the top sellers’ markets.
The August 2014 top 10 list:
<ol>
<li>
<a href="/news">Parkside</a>, SA 
</li>
<li>
<a href="/news">Cherrybrook</a>, NSW 
</li>
<li>
<a href="/news">Norwood</a>, SA 
</li>
<li>
<a href="/news">Winston Hills</a>, NSW 
</li>
<li>
<a href="/news">East Melbourne</a>, VIC 
</li>
<li>
<a href="/news">Engadine</a>, NSW 
</li>
<li>
<a href="/news">South Penrith</a>, NSW 
</li>
<li>
<a href="/news">Bella Vista</a>, NSW 
</li>
<li>
<a href="/news">Drummoyne</a>, NSW 
</li>
<li>
<a href="/news">Surrey Hills</a>, VIC</li>
</ol>
May 2014 (previous quarter) saw the following take out the top spots:
<ol>
<li>
<a href="/news">Albert Park</a>, VIC 
</li>
<li>
<a href="/news">Parkside</a>, SA 
</li>
<li>
<a href="/news">Freshwater</a>, NSW 
</li>
<li>
<a href="/news">Belair</a>, SA 
</li>
<li>
<a href="/news">Blackburn North</a>, VIC 
</li>
<li>
<a href="/news">Kirrawee</a>, NSW 
</li>
<li>
<a href="/news">Cherrybrook</a>, NSW 
</li>
<li>
<a href="/news">Norwood</a>, SA 
</li>
<li>
<a href="/news">Balgowlah</a>, NSW 
</li>
<li>
<a href="/news">Holland Park</a>, QLD</li>
</ol>
August 2013 (one year prior)
<ol>
<li>
<a href="/news">Parkside</a>, SA 
</li>
<li>
<a href="/news">Freshwater</a>, NSW 
</li>
<li>
<a href="/news">Belair</a>, SA 
</li>
<li>
<a href="/news">Newmarket</a>, QLD 
</li>
<li>
<a href="/news">Surrey Hills</a>, VIC 
</li>
<li>
<a href="/news">Ashwood</a>, VIC 
</li>
<li>
<a href="/news">Blackburn South</a>, VIC 
</li>
<li>
<a href="/news">Fitzroy North</a>, VIC 
</li>
<li>
<a href="/news">Stanmore</a>, NSW 
</li>
<li>
<a href="/news">Fullarton</a>, SA</li>
</ol>
Comparing the quarters, South Australia have moved up as Victoria has fallen a little out of favour. Queensland has completely dropped off the top 10.
Parkside has been in the top spot for six times over the past 10 quarters, while South Australia’s Malvern has also been first in two consecutive quarters.
General manager of sales and operations at realestate.com.au Arthur Charlaftis said increased buyer interest is the metric behind the result.
“Top Sellers’ Markets data is derived from the supply and demand in each suburb and ranks the suburbs based on the ratio of buyer demand. A suburb that features in this list suggests that it could be a good time for property owners in these areas to consider selling as there are a high number of buyers searching for property in that area,” said Charlaftis.
</body></html>

jduke-EHk3XBmHkn

South Australia’s Parkside takes out top spot, but who else made the cut? Top 10 sellers’ markets

<html><body>
Melburnians are twice as likely as the rest of the country to have a holiday home, the latest data from Roy Morgan Research shows.
It found 1 in 20 Melbourne residents (5.0%) have a holiday home.
The rest of Australia the overall holiday home-ownership rate is just 1 in 40. 
Some 2.8% of people in Sydney or Brisbane have a holiday home, ahead of 2.7% in Adelaide and 2.4% in Perth.
Only around 1 in 50 non-capital city residents have a holiday home.
Nationally around 560,000 Australians report having a holiday home.
Angela Smith, group account director consumer products, Roy Morgan Research, says aside from Melbourne, residents of Canberra and Hobart are also more likely than average to have a holiday home.
% of Australians with a Holiday Home by Mainland State Capital City
<img src="https://www.roymorgan.com/~/media/Files/Morgan%20Poll/2014/October/5847%20Custom.png" alt="" width="700" height="456">
 
 
Source: Roy Morgan Single Source, July 2013–June 2014, sample = 16,809 Australians 14+
 
</body></html>

jchancellor-FAypfDUnLy

Melburnians love their holiday homes

<html><body>
There are now 191 suburbs across New South Wales with a median house price of $1,000,000 or more.
Here's the list of suburbs, and their respective median prices (from RP Data), so you can see whether your suburb slipped onto the list.
ABBOTSFORD
$1,290,000
ALEXANDRIA
$1,007,000
ALLAMBIE HEIGHTS
$1,050,000
ANNANDALE
$1,152,000
ARTARMON
$1,562,000
ASHBURY
$1,008,000
AVALON
$1,231,000
BALGOWLAH
$1,377,000
BALGOWLAH HEIGHTS
$1,815,000
BALMAIN
$1,337,000
BALMAIN EAST
$2,075,000
BAR BEACH
$1,231,000
BAYVIEW
$1,240,000
BEACON HILL
$1,011,000
BEECROFT
$1,242,000
BELLA VISTA
$1,150,000
BELLEVUE HILL
$3,395,000
BELROSE
$1,060,000
BILGOLA
$1,075,000
BIRCHGROVE
$1,700,000
BLAKEHURST
$1,155,000
BONDI
$1,713,000
BONDI BEACH
$1,950,000
BONDI JUNCTION
$1,369,000
BOX HILL
$1,975,000
BREAKFAST POINT
$1,550,000
BRIGHTON-LE-SAND
$1,053,000
BRINGELLY
$1,050,000
BRONTE
$2,263,000
BURRANEER
$1,525,000
BURWOOD
$1,380,000
BURWOOD HEIGHTS
$1,106,000
See over page for suburbs beginning with C and D.
<hr class="system-pagebreak">
CABARITA
$1,685,000
CAMMERAY
$1,500,000
CANADA BAY
$1,220,000
CARINGBAH SOUTH
$1,088,000
CARSS PARK
$1,240,000
CASTLECRAG
$1,730,000
CHATSWOOD
$1,550,000
CHATSWOOD WEST
$1,266,000
CHELTENHAM
$1,331,000
CHIFLEY
$1,110,000
CHISWICK
$1,680,000
CHURCH POINT
$1,345,000
CLONTARF
$2,250,000
CLOVELLY
$2,000,000
COLLAROY
$1,470,000
COLLAROY PLATEAU
$1,195,000
CONCORD
$1,300,000
CONCORD WEST
$1,230,000
CONNELLS POINT
$1,095,000
COOGEE
$1,725,000
CREMORNE
$1,550,000
CRONULLA
$1,245,000
CROWS NEST
$1,175,000
CROYDON
$1,208,000
CURL CURL
$1,710,000
DARLING POINT
$5,775,000
DARLINGHURST
$1,230,000
DAVIDSON
$1,089,000
DENISTONE
$1,100,000
DENISTONE WEST
$1,055,000
DOLANS BAY
$1,250,000
DOUBLE BAY
$2,500,000
DOVER HEIGHTS
$2,625,000
DRUMMOYNE
$1,339,000
DULWICH HILL
$1,028,000
Turn over page for suburbs beginning with E, F and G.
<hr class="system-pagebreak">
EAST KILLARA
$1,740,000
EAST LINDFIELD
$1,738,000
EAST RYDE
$1,110,000
EASTGARDENS
$1,140,000
EASTLAKES
$1,075,000
EASTWOOD
$1,280,000
EDGECLIFF
$1,583,000
ELANORA HEIGHTS
$1,052,000
EPPING
$1,220,000
FAIRLIGHT
$1,320,000
FIVE DOCK
$1,067,000
FOREST LODGE
$1,128,000
FORESTVILLE
$1,060,000
FRENCHS FOREST
$1,020,000
FRESHWATER
$1,450,000
GLADESVILLE
$1,315,000
GLEBE
$1,135,000
GLENHAVEN
$1,023,000
GORDON
$1,575,000
GREENWICH
$1,800,000
Turn over page for suburbs beginning with H to L.
<hr class="system-pagebreak">
HABERFIELD
$1,488,000
HOMEBUSH
$1,070,000
HUNTERS HILL
$1,800,000
HURLSTONE PARK
$1,005,000
HURSTVILLE
$1,100,000
HURSTVILLE GROVE
$1,055,000
KANGAROO POINT
$2,455,000
KENSINGTON
$1,700,000
KENTHURST
$1,333,000
KILLARA
$1,851,000
KILLARNEY HEIGHTS
$1,245,000
KINGSFORD
$1,360,000
KIRRIBILLI
$2,100,000
KOGARAH BAY
$1,213,000
KURRABA POINT
$3,113,000
KYEEMAGH
$1,045,000
LANE COVE
$1,323,000
LANE COVE NORTH
$1,250,000
LANE COVE WEST
$1,420,000
LEWISHAM
$1,023,000
LILLI PILLI SHIRE
$1,388,000
LILYFIELD
$1,131,000
LINDFIELD
$1,725,000
LITTLE BAY
$1,200,000
LONGUEVILLE
$2,638,000
Turn over page for suburbs beginning with M to O.
<hr class="system-pagebreak">
MALABAR
$1,335,000
MANLY
$1,908,000
MANLY VALE
$1,115,000
MAROUBRA
$1,348,000
MCMAHONS POINT
$1,733,000
MELROSE PARK
$1,078,000
MIDDLE COVE
$1,200,000
MONA VALE
$1,160,000
MORTLAKE
$1,117,000
MOSMAN
$2,400,000
NAREMBURN
$1,400,000
NARRABEEN
$1,298,000
NEUTRAL BAY
$1,400,000
NEWPORT
$1,132,000
NORTH BALGOWLAH
$1,390,000
NORTH BONDI
$1,850,000
NORTH CURL CURL
$1,505,000
NORTH EPPING
$1,159,000
NORTH MANLY
$1,220,000
NORTH RYDE
$1,000,000
NORTH SYDNEY
$1,530,000
NORTH TURRAMURRA
$1,100,000
NORTH WAHROONGA
$1,200,000
NORTH WILLOUGHBY
$1,628,000
NORTHBRIDGE
$2,185,000
NORTHWOOD
$2,720,000
OATLEY
$1,050,000
Turn over page for suburbs beginning with P to S.
<hr class="system-pagebreak">
PADDINGTON
$1,580,000
PAGEWOOD
$1,231,000
PALM BEACH
$2,518,000
PETERSHAM
$1,000,000
PORT HACKING
$1,450,000
PUTNEY
$1,320,000
PYMBLE
$1,580,000
PYRMONT
$1,180,000
QUEENS PARK
$1,790,000
RANDWICK
$1,590,000
REDFERN
$1,020,000
RHODES
$1,155,000
RIVERVIEW
$1,649,000
RODD POINT
$1,563,000
ROSE BAY
$2,152,000
ROSEVILLE CHASE
$1,723,000
ROZELLE
$1,090,000
RUSSELL LEA
$1,320,000
RYDE
$1,047,000
SANDRINGHAM
$1,411,000
SEAFORTH
$1,525,000
SOUTH COOGEE
$1,700,000
SOUTH TURRAMURRA
$1,033,000
ST IVES
$1,256,000
ST IVES CHASE
$1,261,000
STANMORE
$1,160,000
STRATHFIELD
$1,667,000
SUMMER HILL
$1,072,000
SURRY HILLS
$1,300,000
SYLVANIA WATERS
$1,200,000
Turn over page for suburbs beginning with T to Z.
<hr class="system-pagebreak">
TAMARAMA
$2,300,000
TAPEN POINT
$1,180,000
TENNYSON POINT
$2,128,000
TERREY HILLS
$1,011,000
ULTIMO
$1,250,000
VAUCLUSE
$3,380,000
WAHROONGA
$1,200,000
WAITARA
$1,143,000
WAREEMBA
$1,081,000
WARRIEWOOD
$1,005,000
WATSONS BAY
$2,083,000
WAVERLEY
$1,629,000
WAVERTON
$1,562,000
WEST PENNANT HILLS
$1,070,000
WEST PYMBLE
$1,100,000
WILLOUGHBY
$1,425,000
WILLOUGHBY EAST
$1,730,000
WOLLSTONECRAFT
$1,256,000
WOOLLAHRA
$1,955,000
WOOLLOOMOOLOO
$1,040,000
YOWIE BAY
$1,955,000
ZETLAND
$1,095,000
</body></html>

Did your suburb make the New South Wales $1 million plus list?

jrichardson-uRX5hFdKfN

Information overload: Your guide to defeating data paralysis

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The Australian Bureau of Statistics' finance statistics have seen strong results for 2014's first two months, particularly in comparison to the past five years. However, it may not mean that prices will continue to surge upwards. Loan Market director, Mark De Martino, said that 13% more home loans were approved in the first two months of this year, than 2013, and that the results saw the highest total for January and February since 2009.
<blockquote>
De Martino expected March and April may be in the running to set new records.
</blockquote>
“The data released today by the ABS confirms that 2014 is off to a great start - home owners and buyers are returning to the market and they’re building momentum,” he said. He also said that he expected March and April may be in the running to set new records. “In the shortest month of the year there were only 227 fewer home loan approvals than the best month in 2013. Considering this, we should expect to see demand for finance growing and reaching new highs throughout 2014,” he said.   Meanwhile, the Housing Industry Association (HIA) were pointing to new home lending as showing encouraging signs. HIA economist, Diwa Hopkins, said that owner occupier loans for the construction of new dwellings increased in Feburary by 0.8%, with the three months to February seeing a 7.2% uptick. “This strong growth in housing finance is consistent with other leading indicators of the residential construction sector, including dwelling approvals and new home sales,” added Hopkins. She also pointed to a strong uptick in the value of lending to investors for the purpose of constructing new dwellings for rent or resale. "In the three months to February 2014, the value of this form of finance increased by 13.2%,” she said. Commbank's Craig James also pointed to the value of loans to fund the construction of homes, which soared by 22.3% to a record $2.75 billion in February, however he also noted that consumer confidence is a mixed bag - rising in Western Australia and New South Wales, but falling in all other states. "Anyone concerned about rising home prices need only look at the latest lending data for home construction. In February, loans to the tune of $2.75 billion were committed to fund home construction with the main driver being investors. In short, the supply of homes is set to rise to meet strong housing demand and as a consequence the growth of home prices will soften," said James.
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Home loan 'new construction' strength may point to future price drops

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Housing finance data for February 2014 was released yesterday by the Australian Bureau of Statistics (ABS).
The data showed that over the month there were 52,460 owner occupier housing finance commitments.
<img class="aligncenter size-full wp-image-3092" src="https://blog.rpdata.com/wp-content/uploads/2014/04/Chart-1.jpg" alt="Chart 1" width="500" height="179">
The number of owner occupier housing finance commitments was at its highest level since October 2009 over the month.  Owner occupier housing finance commitments increased by 2.3% over the month and 13.8% year-on-year.  Owner occupier housing finance commitments are split into refinance commitments and non-refinance commitments. 
Refinance commitments have increased by 6.0% over the month and 15.8% higher over the year.  Non-refinance commitments rose by 0.6% over the month and by 12.9% over the year.  Refinance commitments are currently at their highest level since April 2008.
<img class="aligncenter size-full wp-image-3093" src="https://blog.rpdata.com/wp-content/uploads/2014/04/Chart-2.jpg" alt="Chart 2" width="500" height="183">
Looking at the value of housing finance commitments, owner occupier non-refinance commitments are up 0.3% over the month, owner occupier refinance commitments are 6.0% higher and refinance commitments are 4.4% higher. 
On a year on year basis, owner occupier non-refinance commitments have increased by 17.5%, owner occupier refinance commitments are 27.9% higher and investment finance commitments are 32.3% higher.
<img class="aligncenter size-full wp-image-3094" src="https://blog.rpdata.com/wp-content/uploads/2014/04/Chart-3.jpg" alt="Chart 3" width="500" height="183">
As a proportion of all housing finance commitments over the month, owner occupier non-refinance commitments accounted for 43.4% of lending, investment commitments accounted for 38.8% of lending and owner occupier refinance commitments accounted for 17.8%. 
As the chart shows, the proportion of lending to investors is high on an historical basis and remains at their highest levels since late 2003.
<img class="aligncenter size-full wp-image-3095" src="https://blog.rpdata.com/wp-content/uploads/2014/04/Chart-4.jpg" alt="Chart 4" width="500" height="185">
As a proportion of all lending to owner occupiers, first home buyers continue to show a relatively small level of market participation.  In February 2014, first home buyers accounted for 12.5% of all lending to owner occupiers.  The 12.5% was down from 13.2% in January 2014 and also down from 14.4% at the same time in 2013. 
Although the proportion of lending to first home buyers is lower, the number of first home buyer loans was 0.6% higher over the month but -1.5% lower year-on-year.
<img class="aligncenter size-full wp-image-3096" src="https://blog.rpdata.com/wp-content/uploads/2014/04/Chart-5.jpg" alt="Chart 5" width="500" height="219">
The RP Data Mortgage Index (RMI) shows a strong correlation with the ABS owner occupier housing finance commitments data. 
The benefit of the RMI is that it is a more timely indicator of finance commitments produced each week. 
At the end of March 2014 the index had recorded a further increase in activity indicating that the housing finance data results for March 2014 (when released in a month’s time) are likely to show a further rise in owner occupier housing finance commitments.
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ckusher-ujnxiKuFQs

Housing finance data for February 2014

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Can anyone explain the absence of rental growth in our major markets?
Are we not suffering from a housing shortage crisis, with an accumulated undersupply of hundreds of thousands of dwellings?
Can the economists who speak constantly of this dwelling shortage explain how three of our eight capital cities recorded declines in house rentals in the March quarter, while four others recorded no growth?
Can the Housing Industry Association, the great champion of the shortage theory, explain why four of the capital cities recorded marked declines in apartment rentals, while two others recorded no change?
Do the laws of supply and demand no longer apply to residential property, such that Perth, Canberra and Hobart now have house rentals lower than a year ago (6% lower, in the case of the national capital), Sydney and Darwin have recorded zero growth, and only one city has recorded annual growth of more than 3%.
<blockquote>
The only capital city experiencing a boom worthy of the name is Sydney – which was overdue after a decade of under-performance.
</blockquote>
Out of eight capital city house markets and eight apartment markets, there is only one instance of solid annual growth in median asking rents – a 7% rise in Darwin’s apartment market.
Otherwise, according to the March Quarter Rental Report from Australian Property Monitors, it’s a story of stagnation or decline in residential rents in the capital cities.
This result, which is similar to the outcomes with rental reports from previous quarters stretching back to 2012, runs counter to the notion of shortages.
It’s also inconsistent with the idea of a national property boom, with markets rising as “a blistering pace”, as the ABC’s News 24 morning program misinformed us recently.
And speaking of research evidence that makes nonsense of claims about market performance, I continue to disbelieve the notion of a booming Melbourne market and I note similar sentiments expressed by SQM Research managing director Louis Christopher this week.
Christopher’s research on the number of residential properties listed for sale in each of the capital cities shows there are exceptionally high levels of supply available in Melbourne.
Melbourne currently has about 44,500 residential properties listed for sale. To put that into perspective, Sydney has only 24,200 properties listed.
This can be explained, partly at least, by the extraordinarily high levels of inner city apartments being marketed.
Christopher writes, “There are no new trends that have come out of the data this month - other than we note that Melbourne still has an elevated amount of listings in the market and so this has made us sceptical of recently-reported large increases in dwelling prices for that city.
“There is also further evidence that Melbourne vendors overall have struggled to lift their asking prices.”
Notions that the Melbourne market is rising strongly have been created by rubbery figures from the Real Estate Institute of Victoria and the rude haste with which RP Data spits out statistics under the “publish and be damned” principle.
In my view, the only capital city experiencing a boom worthy of the name is Sydney – which was overdue after a decade of under-performance.
You can contact Terry via <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
</body></html>

terryryder-YECXbqmri2

If the market's so hot then where's the rental growth?

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Across Australia, it's not a secret that rent has generally been ticking upwards - much to the dismay of renters - with revealingly stronger growth in some areas than others.
The latest Australian Bureau of Statistics details show that Western Australia is the state that has grown more than any other, with a 77% uptick from 2006 to 2011. In 2006, it was recorded at $170 per week, however in 2011 it was noted as $300.
Speaking of growth in the statistics, the ABS director of rural and regional statistics, Lisa Conolly, said that while Western Australia overall grew the most, the area with the biggest uptick was in Queensland.
This was a terrifying headline figure of 570% growth over the period in Weipa, in Queensland's far north, and the picture overall looks fairly drab on the surface for renters.
<blockquote>
Rental costs increased from $191 in 2006 to $285 in 2011 - an increase of 49%. Mortgage repayments have increased 39% during this time.
</blockquote>
"Rental costs have also increased by twice as much as wages with the median weekly household income increasing from $1,027 in 2006 to $1,234 in 2011, up 20%," she explained.
However, Conolly said that it wasn't quite the unexpected drastic growth, for Weipa at least, that the figure suggests.
"Local government areas in Western Australia recorded some of the biggest growth in median rent payments in Australia, with eight out of the 10 fastest growing regions located in Western Australia. However, Weipa, in far north Queensland, came in at the top, reflecting a change from employer owned housing to private rental arrangements," recorded Conolly.
Despite this, in what will come as a surprise to almost no one, it remains local government areas (LGA) in Sydney that record the highest rent. And, as can be attested by the overwhelming 'red' on all of the zoomed in capital cities, it's costly to rent in Australia's capitals.
 
LGAs with the highest rent: (Note: the suburb linked to each LGA is that closest to the relevant council chambers. For more specific suburb data, you can use our free data tool here) 
New South Wales and ACT
<img src="/images/2014/04/09/nsw.jpg" alt="">
<ul>
<li>
<a href="/news">Ku-ring-gai</a> - $575 per week 
</li>
<li>
<a href="/news">Woollahra </a>- $550 per week</li>
</ul>
The LGA in New South Wales with the fastest growth over the period was <a href="/news">Gwydir</a>, and it was noted that while areas outside of the capital city had lower overall rental payments, they showed the most significant growth over time.
The ACT was noted as having the highest median rent overall across Australia - recorded at $380 per week. The<a href="/news"> Queanbeyan</a> area grew from $185 per week in 2006 to $289 per week in 2011, a 56.2% increase.
Western Australia
<img src="/images/2014/04/09/wa.jpg" alt="">
<ul>
<li>
<a href="/news">Cottesloe</a> - $450 per week 
</li>
<li>
<a href="/news">Perth</a> - $440 per week</li>
</ul>
The fastest growth costs in Greater Perth occurred in <a href="/news">Serpentine-Jarrahdale</a>, which doubled from $155 per week to $306 per week, or a 99.4% rise, however it is noted that the LGA has one of the highest proportion of home ownership (with a mortgage) areas across the country, with just 14.7% rentals.
Victoria
<img src="/images/2014/04/09/vic.jpg" alt="">
<ul>
<li>
<a href="/news">Melbourne</a> - $400 per week 
</li>
<li>
<a href="/news">Bayside</a> - $390 per week</li>
</ul>
The LGA across the state with the fastest growth was <a href="/news">West Wimmera</a>, despite maintaining a lower rent than other LGAs. In Greater Melbourne, <a href="/news">Maribyrnong</a> saw the fastest recorded growth with a 64.7% increase to $280 per week from $170 per week.
Queensland
<img src="/images/2014/04/09/qld.jpg" alt="">
<ul>
<li>
<a href="/news">Brisbane</a> - $350 per week 
</li>
<li>
<a href="/news">Gold Coast</a> - $350 per week 
</li>
<li>
<a href="/news">Redland</a> - $350 per week</li>
</ul>
In Greater Brisbane, <a href="/news">Somerset</a> was one of the fastest growing, rising 60% to $240 per week, from $150 per week.
Northern Territory
<img src="/images/2014/04/09/nt.jpg" alt="">
<ul>
<li>
<a href="/news">Darwin</a> - $360 per week 
</li>
<li>
<a href="/news">Palmerston</a> - $360 per week</li>
</ul>
The LGA with the fastest growth across the territory was <a href="/news">Palmerston</a>, which grew 89.5% over the recorded period.
South Australia
<img src="/images/2014/04/09/s.jpg" alt="">
<ul>
<li>
<a href="/news">Adelaide</a> - $320 per week</li>
</ul>
The fastest growing LGAs across South Australia included <a href="/news">Peterborough</a>, and <a href="/news">Southern Mallee</a>, which both saw a 66.7% uptick, while in Greater Adelaide it was <a href="/news">West Torrens</a>, 54.4% growth to $247, from $160 per week, that took out the growth record.
Tasmania
<img src="/images/2014/04/09/tas.jpg" alt="">
<ul>
<li>
<a href="/news">Kingborough</a> - $275 per week</li>
</ul>
The fastest growing LGA in Tasmania was in the <a href="/news">Central Highlands</a> and the <a href="/news">Tasman</a>, with a 60% uptick. In Greater Hobart, <a href="/news">Brighton</a> rose 58.1% to $185, from $117 per week.
 
Conolly reminded viewers of the statistics that the cost of renting in a region can change due to a number of factors.
These may include:
<ol>
<li>Workforce demand</li>
<li>Population growth or decline</li>
<li>Changing tenure arrangements</li>
</ol>
"Nationally, rental costs increased by more than mortgage repayments with the median weekly household rent rising from $191 in 2006 to $285 in 2011 - an increase of 49%. Whereas mortgage repayments have increased 39% during this time," she said.
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Revealed: The areas with the highest rent across the country

<html><body>
“Vacancy” is not a good word for any investor looking to keep a stable cash flow and a decent tenant, and yet it seems many areas are facing rents decreasing in the capital cities, according to SQM Research, with Canberra and Perth suffering the most.
Similarly, Perth has recently had a tough run with tenants breaking leases and vacancy rates increasing - late last year, in fact, Property Observer reported that <a href="/news/perth-landlords-lower-rents-to-dissuade-potential-buyers">Perth landlords were lowering rents to dissuade tenants from leaving</a>.
<blockquote>
52% of Gen Y said they’d like to live in the inner suburbs.
</blockquote>
Realestate.com.au have released the top 10 suburbs searched online for apartment rentals over the past six months (September 2013 to February 2014) based on their internal statistics.
The top 10 list:
<ol>
<li>Brisbane (QLD) 4.7% vacancy rate (SQM Research) Daniel Argent from Urban Property in Brisbane says that the rental demand for inner Brisbane apartments is increasing.“There is definitely a high level of rental demand for inner city apartments. There are a lot of people looking for two-bedroom apartments that are close to shopping and transport. With such high demand we find that most of the properties are tenanted within two weeks of listing,” said Argent. </li>
<li>Canberra (ACT) 2.5% vacancy rate (SQM Research) </li>
<li>Perth (WA) 5.7% vacancy rate (SQM Research) <a href="https://www.realestate.com.au/property-apartment-wa-perth-412854299" target="_blank">This two bedroom, two bathroom apartment</a> is currently available to rent in Perth. Sitting on the border of East Perth and Perth, it’s available at $750 a week. </li>
<li>Melbourne (VIC) 6.2% vacancy rate (SQM Research) </li>
<li>Docklands (VIC) 5.8% vacancy rate (SQM Research) A renter could lease an apartment in <a href="https://www.realestate.com.au/property-apartment-vic-docklands-412777379" target="_blank">this Docklands complex at $400 a week</a>. Unfurnished studio apartments at Victoria Point are leasing from $315 per week. Docklands' difficult conception and towering cranes previously saw Property Observer take a deeper look at the area, expected to have attracted $17.5 billion by 2025 in private sector investment, in this <a href="/news/vic/docklands-finding-its-feet-after-a-difficult-conception">suburb spotlight</a>. </li>
<li>Southbank (VIC) 2.3% vacancy rate (SQM Research) An unfurnished <a href="https://www.realestate.com.au/property-apartment-vic-southbank-412778263" target="_blank">one bedroom apartment in the Victoria Tower</a> will set a renter back at least $405 per week. Shared facilities include a gym, tennis court, spa, sauna and pool. </li>
<li>Braddon (ACT) 1.5% vacancy rate (SQM Research) This <a href="https://www.realestate.com.au/property-townhouse-act-braddon-412841911" target="_blank">three bedroom, two bathroom townhouse in Braddon</a> is significantly more affordable, at $670 per week. </li>
<li>Nathan (QLD) 3.3% vacancy rate (SQM Research) </li>
<li>Parramatta (NSW) 2% vacancy rate (SQM Research) The booming Sydney "second CBD" suburb of Parramatta is currently seeing <a href="/expert-insights/buying/slab-to-be-set-on-highest-residential-tower-in-parramatta-v-by-crown-today">the tallest residential tower in the area, V by Crown</a>, under construction. The impressive development may just underpin the longevity of the area. </li>
<li>Chatswood (NSW) 2.8% vacancy rate (SQM Research) <a href="https://www.realestate.com.au/property-unit-nsw-chatswood-412715351" target="_blank">T</a><a href="https://www.realestate.com.au/property-unit-nsw-chatswood-412715351" target="_blank">his freshly painted and two bedder</a> in Sydney’s Chatswood is available for $525 per week. </li>
</ol>
For more data, including median prices and rents on each of these areas, you can use our free suburb data pages. 
 
Interestingly, as noted above, the vacancy rates are still high on a number of these areas - and SQM Research's Louis Christopher has since tweeted Property Observer that he has put out warnings to investors on a number of these suburbs. Docklands and Southbank, in particular, have long had a <a href="/expert-insights/buying/melbourne-residential-unit-market-oversupplied-and-its-going-to-get-worse-terry-ryder">reputation of an apartment market oversupply</a>.
The number of tenants and sharers seeking apartments rather than other types of property, both established and new, is up to 39% of the market – an increase of 7% since 2012, according to the realestate.com.au figures.
<blockquote>
The number of tenants and sharers seeking apartments is now at 39% of the market.
</blockquote>
Tenants under the age of 35, earning between $50,000 and $99,000 are those driving this trend. Within this, 52% of Gen Y said they’d like to live in the inner suburbs.
While only 6% of Gen Y tenants nominated regional suburbs as their ideal location, 15% of baby boomers preferred regional suburbs, in their 2014 Consumer Insights Report on Tenants and Sharers.
Of all tenants, 72% of Gen Y said they’d take care of the property like it was their own, with 84% of Baby Boomers citing the same. Six in 10 tenants have said they spent money to make improvements to a rental property.
The general manager of sales and operations at realestate.com.au, Arthur Charlaftis, said that the key for tenants is research and knowing the key statistics about the area, as well as the amenities and lifestyle available.
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
</body></html>

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