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

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

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

Homecorp approved for Budds Beach apartment tower, Lýon Residences

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

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

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

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

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

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

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

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Scarcity in industrial land in NSW, coupled with continuous demand has seen land values in certain areas soar over the past 12 months, according to Colliers International.
Colliers claim this may herald a new influx of strata purchases. 
The Valuer General’s report released in July 2018 backs up this statement, it reported that industrial land values in NSW grew on average by 17.5%.
Standout areas were Willoughby Council at 55.1%, followed by Cumberland at 53.9%, Blacktown at 33.1% and City of Parramatta at 32.2%. 
Kellie Tattersall, Director, Industrial at Colliers International says that while some of these increases have been brought upon from residential rezoning, the majority are not, which could ultimately influence investors decisions to buy a freehold industrial building or an industrial strata unit. 
"We are at an equalising point in time where the holding costs for a freehold industrial asset are nearly the same as an Industrial strata unit in the Inner and Central West industrial areas." 
“Traditionally, investors find freehold industrial assets more appealing for various reasons, including cost efficiencies, but we could see this trend change as land values increase.” 
“With minimal developable industrial land left in Sydney’s Inner and Central West areas, we may see an increasing demand for strata units over the coming years for a variety of reasons.” 
“This includes land tax, which is due to increase over the next couple years; the need to supply desirable amenities with a sense community to attract staff. Plus, the fact that strata units are easier to manage and maintain, with the aid of a body corporation, which is important to keep the property’s overall value,” she concluded. 
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j.ballantyne1990-6AQqhLzZaK

NSW industrial properties see increased land values

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Feedback is being sought on the proposed changes to the maximum prices that the Valuer General can charge NSW councils for land valuation services.
The Independent Pricing and Regulatory Tribunal (IPART) last set the maximum prices for the Valuer General’s charges to councils in 2014, which expire on 30 June 2019.
The valuations are used by councils to help calculate rates.
The NSW Premier, Gladys Berejiklian, has asked IPART to set the prices for these services for the next six-year period, from 1 July 2019 to 30 June 2025.
A draft IPART report, released this week, proposes a reduction in the overall revenue that the Valuer General can collect from councils.
The prices are around 5.6% lower than the prices proposed by the Valuer General. 
While some councils will see increases, most would see their bills fall over the next six years under the draft decisions when excluding the effects of inflation, said IPART Chair, Dr Paul Paterson.
“We are proposing to change the way Valuer General’s charges are levied,” Paterson said.
“This would involve moving from a uniform ‘property type’ residential and non-residential pricing approach across NSW to a zonal price structure across four zones – Country, Coastal, Metro and City of Sydney.”
Under the proposed changes, councils would pay $7.42, $6.32, $5.83 and $12.07 per property valuation depending on whether they fall within the Country, Coastal, Metro and City of Sydney zones respectively.
“We consider the zonal price structure better reflects the costs of providing valuations, which can be driven by various factors, including the number and mix of property types, travel distance to conduct valuations, and the number of complex and high risk properties in an area,” Dr Paterson said.
“We note that the Valuer General’s proposal incorporated 2.0% of operating cost savings, resulting from the recent mass valuation procurement process, which we took into account in setting our prices. We also assessed the Valuer General’s other efficient costs and the appropriate allocation of these costs to councils.”
Submissions to IPART’s DraftReport and Draft Determination are invited by 24 April 2019.
Further information is available at <a href="http://www.ipart.nsw.gov.au/" target="_blank">www.ipart.nsw.gov.au</a>.
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jonathanchancellor-7SQnKwU6yx

IPART looks for feedback on Valuer General service price changes

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EXPERT OBSERVATION
The February Australian Bureau of Statistics (ABS) figures for NSW housing approvals indicate a slight rise of 5.4%.
The ABS data in trend terms shows a slight increase in housing approvals between November 2018 and February 2019.
In February there were 5,001 housing approvals which is 5.4% more than the 4,745 approvals in November 2018.
The jump is driven by a surge in higher density apartment approvals which rose by 17.3% between last November and February this year.
This was offset, however, by a reduction of 6% in house approvals over the same time span.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/5/New%20Project%201.jpg" alt="">
Source: RBA
The spike in apartment approvals may be a sign of more confidence, or more likely it represents projects submitted some time ago that were held up over the Christmas holiday break.
It is clear that many approvals are not translating into real commencements, as the pre sales rate of apartments has dropped significantly.
The Saturday Domain publication that advertises homes for sale or auction a year ago was dominated by apartments, with around 70% of the pages featuring apartments.
Recent editions have only about 10% of advertisements for apartments in a publication that has far less homes for sale overall.
The Urban Taskforce believes the new Planning Minister, Rob Stokes, and his Secretary of Planning must organise a Housing Supply Summit to assess how the current market is performing, so that policy levers could be pulled to ensure the appropriate supply for future years is maintained.
CHRIS JOHNSON is the Urban Taskforce CEO.
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cjohnson-8xfqfuuCSq

Green shoots in NSW housing approvals but more needs to be done: Chris Johnson

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EXPERT OBSERVER
The NSW Government slipped a number of planning documents into the public realm about local character the day before caretaker mode.
There have been no announcements about proposed new policies on Local Character that are now exhibited on the NSW Department of Planning website.
We are concerned about the addition of new requirements on Local Character that seem to focus only on low scale existing environments with little advocacy for how new development can create a quality urban character.
The government has issued a ‘Discussion Paper - Local Character Overlays’ and a ‘Local Character and Place Guideline’, but 75 pages of material are totally focussed on existing low density examples.
A new ‘Local Character Overlay’ will require applicants to conform to the statement of the local character.
While the term ‘future local character’ is mentioned there is virtually no guidance on what this means and how communities could understand options for growth.
The guideline seems to want change as well as support for the existing local character when it states, ‘The NSW planning system contains levers to encourage change and development that supports local character.
The tallest building in the whole guideline is 3 storeys high.
The only example for a change of local character is the Thornton Housing Estate in north Penrith on a greenfield site (p31) which is described as having ‘a villagestyle character’.
A section of the Guideline is allocated to ‘Local Character in infill versus greenfield areas’ (p 15) but the text only covers greenfield areas with no mention of the more sensitive infill areas where new development will impact on the existing local character.
The Urban Taskforce supports local character as being important to communities but believes the Guideline and the Discussion Paper on Local Character will add another layer to the planning system and will encourage communities to argue against new development.
What the government should be doing is producing guidelines on the range of new development options that will be required to build 725,000 new homes in Sydney over the next 20 years. The guidelines should cover the range of built form types from 2 floors to 6 floors, 12 floors, 20 floors up to 40 floors and outline appropriate locations and describe the urban character of each option.
To help the NSW Government in this task the Urban Taskforce has produced a website www.ecodencity.com.au which has an interactive Density Simulator to demonstrate how density, height and open space variables can produce quality places.
A range of case studies are presented from 100 people per hectare (Oran Park) to 1,000 people per hectare (Central Park).
Communities need planning tools on how change is managed to create quality built environments rather than new planning layers that encourage the protection of the existing local character.
CHRIS JOHNSON is the Urban Taskforce CEO
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Local guidelines must support quality property development: Chris Johnson

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New home owners in NSW will be better protected, according to the NSW government's recently announced plans to improve the building and construction industry.
Minister for Better Regulation Matt Kean (pictured) said the plan, which includes appointing a Building Commissioner, has been months in the making.
The Building Ministers’ Forum (BMF) commissioned an independent report into the industry in August 2017.
“Professor Peter Shergold AC and Bronwyn Weir spent six months examining building regulatory systems around Australia and delivered a thorough and insightful report to the BMF,” Kean said.
“They found that there are national problems in the construction industry. We’ve taken their findings on board and we’re taking strong action to further protect NSW home owners.”
In response to the Shergold Weir Report, the government will support the majority of recommendations, including requiring that:
<ul>
<li>building designers, including engineers, declare that building plans specify a building that will comply with the Building Code of Australia;</li>
<li>builders declare that buildings have been built according to their plans; and</li>
<li>requiring building designers and builders to be registered.</li>
</ul>
In addition, the NSW Government will appoint a Building Commissioner to act as the consolidated building regulator in NSW, including with responsibility for licensing and auditing practitioners.
The plan will also clarify the law to ensure there is an industry-wide duty of care to homeowners and owners corporations so that they have the right to compensation where a building practitioner has been negligent.
“We’re making tough new laws to ensure buildings meet Australian standards, and to guarantee that people who build and design buildings have the proper qualifications to do so,” Kean said.
“This plan will ensure those who control the risks – building practitioners – are held responsible for their work. People deserve to feel safe in their homes and have confidence that they are buying a quality building.
“The NSW Government is committed to getting these reforms right and will continue to consult with both industry and community stakeholders to make sure we get the best results for home owners.”
Certifier laws were recently strengthened by enacting the Building and Development Certifiers Act 2018, a modern planning system was created under the Environmental Planning and Assessment Act 1979 and unsafe building products banned with the Building Products (Safety) Act 2017.
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NSW government to appoint Building Commissioner following industry reform report 

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Savills Australia has increased its Occupier Services division, welcoming a new director into the NSW team.
Katherine Moss (pictured below) joins Savills from JLL, where she spent eight years between the Perth and Sydney tenant representation teams. 
She will now lead Savills’ Sydney team, focusing primarily on representing commercial-based tenants. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/12/Katherine-Moss--2.jpg" alt=""> 
Savills national head of Occupier Services, Mark Smith, said, “recruiting Katherine provides for a stronger presence within our Occupier Services division, and she will play a pivotal role in delivering a high level of leadership and management within the team."
Ms Moss described Savills as an “agile” agency that maintained a strong Australian reputation with global elements. 
“Savills will provide me with the ability to deliver a tailored business approach and high-quality service to each client,” she said.
“I am looking forward to leading a dynamic team and further establishing solid client relationships in order to build and develop the national division further.” 
 “The occupier services division continues to grow its market presence and we look forward to delivering strategic real estate solutions to existing and new clients alike,” Mr Smith concluded. 
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Savills Australia improves NSW team with new Commercial Tenancies director

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The downturn in Sydney’s housing market has been the most pronounced of any capital city in 2018 after it enjoyed the strongest runup in recent years, according to Moody's Analytics latest report
The report found that, house values were down by 7.8% year over year in November, and Moody’s Analytics forecasts further falls in 2019.
Average Sydney home values have fallen 10.1% since their most recent 2017 peak, overtaking the prior peak-to-trough fall of 9.6% notched from 1989 to 1991.
However home values in Sydney remain around 60% higher than they were in 2012.
<img src="https://www.urban.com.au/images/2019/1/14/NSW%20Forecast.JPG" alt="">
Sydney and Melbourne contain approximately 40% of Australian homes and represent approximately 60% of Australia’s housing wealth.
Housing completions for metropolitan Sydney came in at a record high in the year to September, according to New South Wales Housing Monitor.
Meanwhile, building approvals for Greater Sydney were broadly flat against a year earlier, according to the ABS.
Westpac’s consumer sentiment survey suggests that households have adjusted to a new medium-term norm, with only 10% of respondents in the December survey indicating that real estate is the wisest place for savings, the lowest result since 1974.
The authors noted, "a high level of supply has now come on line for apartments in the inner city and surrounding areas as well as dwellings in suburban areas via land releases and removal of some development restrictions. This will contribute to the forecast slowdown in 2018 and 2019."
"House values in the City and Inner South area are forecast to fall further in 2019 following a sharp decline in 2018."
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%205.JPG" alt="">
"The Inner West, which is expected to fall further in 2018, leads the way."
"The Eastern Suburbs and North Sydney are set for an entrenched slump; values are unlikely to recover before 2021," according to the report authors.
By 2020, the correction is forecast to have largely passed, but house value growth will be far from the lofty gains of recent years. Housing values are forecast to rise modestly in 2020. 
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%206.JPG" alt="">
The report forecasts house values in the Central Coast will escape the correction that has engulfed much of Greater Sydney in 2018 and will rise modestly in 2019, building on a 12.5% gain in 2017.
Home values rose 13% in the Outer West and Blue Mountains in 2017, although the housing market has since cooled.
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%207.JPG" alt="">
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Sydney's apartment price downtown to turnaround in 2019: Moody's Analytics

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Barnaby Joyce has listed his 1000 ha NSW farm, Yarrandinbine at Gwabegar.
The land is in northern NSW.
It comes with an $878,000 asking price through Michael Guest.
"It has had very good rain, the dams are full, and cattle and sheep prices are very good," Joyce said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/3/gwabegar%202.jpg" alt="">
It is covered by an as-yet unused coal-seam gas petroleum exploration licence, PEL 428, owned by resources group, Comet Ridge.
Joyce bought the property in 2006 and 2007 in two purchases costing $572,000.
<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/2018/12/3/gwabegar%203.jpg" alt="">
<a href="https://www.commercialrealestate.com.au/property/yarrandinbine-kenebri-road-gwabegar-nsw-2356-2014818617" target="_blank">The property</a> pricing at $350 an acre was "good value," the agent said.
"The unfortunate breakdown of the relationship means there has to be the necessary settlement to secure Natalie's position," Joyce told The Australian.
 
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Barnaby Joyce lists 1000 ha Gwabegar property, Yarrandinbine

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<div>EXPERT OBSERVER</div>
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<div>Actual investment was quite flat over the third quarter of the calendar year at a seasonally adjusted $29.4 billion, while fortunes have diverged significantly around the traps, according to the latest data from CapEx.</div>
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<div>In the economic powerhouse state of New South Wales the quarterly trend investment for private capital investment tore 12 per cent higher over the year to September 2018 to a record high of $8.22 billion. </div>
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<div>No wonder Greater Sydney has created almost 120,000 new jobs on a net basis over the past year, with plenty more coming down the pipe!</div>
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<div>Building and structures investment exploded 20 per cent higher over the year in NSW, while plant and equipment investment was up by a pretty solid 5 per cent. </div>
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<div>Huge investment numbers for the Premier State.</div>
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<div class="separator"><a href="https://2.bp.blogspot.com/-oP_LByC_MKw/W_9NyZULKgI/AAAAAAAAtHQ/_i6wzk2vJqEiNow9D_QEIrgLLo82y484QCLcBGAs/s1600/Capex.jpg"><img src="https://2.bp.blogspot.com/-oP_LByC_MKw/W_9NyZULKgI/AAAAAAAAtHQ/_i6wzk2vJqEiNow9D_QEIrgLLo82y484QCLcBGAs/s640/Capex.jpg" width="640" height="368" data-original-height="798" data-original-width="1384"></a></div>
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<div class="separator">There was also steadier trend growth in Victoria, South Australia, and Queensland, while Tassie was off the charts with capital investment up by a ripping 33 per cent over the year to September, albeit from a low base in this cycle. </div>
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<div class="separator">Unfortunately this was offset by shrinking investment in Western Australia - the quarterly trend now a walloping 62 per cent below the heady 2012 peaks - while Ichthys LNG investment has now dropped off the charts for the struggling Northern Territory. </div>
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<div class="separator">On the plus side a number of iron ore and other resources projects are now hoving into view for WA, so from a sentiment perspective the bottom is now likely to be in out west. </div>
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<div class="separator">Brighter times ahead</div>
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<div class="separator">Despite the modest actuals the Reserve Bank will surely be well pleased with this release, with the fourth estimate for 2018-19 capital investment rising all the way up to $114 billion, a substantial double-digit lift from the third estimate of $102 billion.</div>
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<div class="separator">We haven't seen a quarterly upgrade in expectations of this magnitude for just shy of two decades. </div>
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<div class="separator">The additional investment is planned and expected largely for the services industries, although investment in both mining and manufacturing also appears set to rise. </div>
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<div class="separator">Overall, it was a sluggish result for actuals due to the seemingly endless drag from the resources jurisdictions, but Sydney is firing and the expectations for investment recorded a solid improvement. </div>
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<div class="separator">PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</div>
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pwargent-M4siyDbqQY

NSW investment booming: Pete Wargent

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Personal insolvencies fell in all states and territories except New South Wales, according to the latest released by the Australian Financial Security Authority (AFSA). 
Personal insolvencies include bankruptcies, debt agreements and personal insolvency agreements, but do not include corporate insolvencies.
The statistics show that the number of new personal insolvencies fell 9.7% from the September quarter 2017, from 8194 to 7400. New South Wales was the only state or territory to record a rise (0.4%).
The rise in New South Wales was due to a rise in debt agreements.
New South Wales and the Australian Capital Territory were the only areas with a rise in debt agreements or personal insolvency agreements.
Bankruptcies fell in all states and territories except Western Australia.
Bankruptcies reached a record quarterly low in South Australia.
They reached their lowest level in a quarter in Tasmania since the March quarter 1989.
In the September quarter 2018, 17.8% of new debtors entered a business related personal insolvency. The highest proportion was in Western Australia (21.6%).
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