Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Property market

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The most clicked home on realestateview.com.au for the week is a five room, two bedroom, two bathroom luxury home in East Melbourne.
The property (above), <a href="https://www.realestateview.com.au/Real-Estate/28-charles-street-east-melbourne/Property-Details-buy-residential-9593448" target="_blank">28 Charles Street</a>, East Melbourne, is listed for auction on Saturday 24 October through Paul Caine of Caine Real Estate.
The second most clicked property on realestateview for the week is a one bedroom apartment in Fitzroy (below).
<img src="/images/2015/10/23/16-5-St-David-Street-Fitzroy-VIC-3065-Real-Estate-photo-1-large-9626802.jpg" alt="" width="497" height="331">
<a href="https://www.realestateview.com.au/Real-Estate/16-5-st-david-street-fitzroy/Property-Details-buy-residential-9626802" target="_blank">16/5 St David St Fitzroy</a> has stainless steel Smeg appliances and a secure car space and is for sale by auction through Peter Hannon and Terri Thompson of Caine Real Estate.
Another studio apartment features on realestateview's most clicked listings for the week, this one currently rented until August 2016.
Offered for sale at $345,000, the property, <a href="https://www.realestateview.com.au/Real-Estate/91-22-kavanagh-street-southbank/Property-Details-buy-residential-9594816" target="_blank">91/22 Kavanagh St Southbank</a>, (below) is on the market through Tom Bayly and Toby Campbell of Caine Real Estate.
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<h2><img src="/images/2015/10/23/91-22-Kavanagh-Street-Southbank-VIC-3006-Real-Estate-photo-1-large-9594816.jpg" alt="" width="512" height="339"></h2>
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A five bedroom home in the South Australian suburb of Burnside rounds out the top listings for the last week from realestateview.com.au.
The property, <a href="https://www.realestateview.com.au/Real-Estate/4-st-albans-drive-burnside/Property-Details-buy-residential-9236310" target="_blank">4 St Albans Drive, Burnside</a>, South Australia, (below) has views, an in-ground swimming pool and spa and solar power.
It is for sale through Aimee Guo and Tony Ditria from Munro Property Group for $988,000. 
<div><img src="/images/2015/10/23/4-St-Albans-Drive-Burnside-SA-5066-Real-Estate-photo-1-large-9236310.jpg" alt="" width="406" height="276"></div>
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mick.cee-iDmgDDAmu8

East Melbourne home leads most clicked properties: Realestateview.com.au

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Media coverage of the Westpac decision to lift mortgage rates 0.2 percentage points has been typically sub-standard.
Many articles, inspired by economists suffering from limelight deficit syndrome, have portrayed this as a death knell for property markets.
As someone who has studied the relationship between interest rates and price movements, I can tell you that this is a not a reasonable conclusion.
Economists and journalists, with their simplistic thought processes, tend to believe that low interest rates = property boom, and rising interest rates = property decline. This contradicts both common sense and historical precedent.
Falling interest rates usually coincide with subdued property markets. The RBA cuts interest rates when the economy is struggling, consumer confidence is low and unemployment is rising – i.e. conditions which are least likely to produce property booms.
This is why most of Australia does not have booming property markets. Only Sydney, which is the centre of the one economy (NSW) that is really pumping, has had a boom. Melbourne, the capital of a state with an okay economy, has displayed some buoyancy but nothing approaching the dizzy heights of Sydney. 
Most of the state and territories have struggling economies and their capital city property markets – Perth, Hobart, Canberra, Darwin, Adelaide – have been stuck in neutral or reverse. Years of very low interest rates have been utterly irrelevant in all of these places.
Regional Australia is dotted with markets that have dropped sharply and others that have gone nowhere in terms of price movements. The exceptions are relatively few and most of them are located amid that one strong state economy, New South Wales. 
The bottom line is that interest rates usually are irrelevant. Economists appear to think they’re the only thing that matters and the sole determinant of outcomes in real estate. In truth, they have little or no bearing. 
Other factors have much greater influence. Sydney had its boom because a change of State Government in 2011 returned sanity and competence to governance, the economy started pumping again and infrastructure spending was revitalised. Money started circulating, businesses started spending, consumers started feeling good about things and the property market, which had been largely dormant for a decade, burst to life.
It would have happened whether the official interest rate was 2%, 4% or 6%.
Conversely, interest rates are most likely to be rising when the national economy is strong, with lots of jobs being created, confidence high and businesses spending big. These are the conditions that drive property booms – and the RBA will lift interest rates to dampen things down. 
Often it requires a long period of multiple rises to quell the buoyancy. Therefore, genuine national property booms – unlike what we have at the moment - usually coincide with periods of high or rising rates.
In the late 1980s, interest rates were lifted repeatedly without dampening the boom - and mortgage rates went as high as 17% before the bull run ended.
To suggest that a 0.2 percentage point rise by one lender will kill the (Sydney) boom shows a low level of understanding.
The reality is that the one major boom in the nation, Sydney’s, has been slowly deflating since the start of the year. APRA didn’t need to take action because the market was taking care of the situation without any interference from self-important bureaucrats.
And Westpac’s tiny nudge to interest rates will have no bearing on the situation.
 
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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terryryder-YECXbqmri2

Interest rates usually are irrelevant: Terry Ryder

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Melbourne’s property market has secured yet another record, with the city’s median house price increasing to $729,500 in the three months to September 30.
<div>
REIV CEO Enzo Raimondo said the median was up 4.5% from the previous quarter.
Property Observer went looking for what buyers can get for around the $729,500 price according to forthcoming auction price guidance.
Here's eight houses we found in that median pricing range:
1. Consider this freestanding Victorian home on one of Flemington's leafiest streets. This two-bedroom home at <a href="https://www.realestateview.com.au/Real-Estate/45-waltham-street-flemington/Property-Details-buy-residential-9667494" target="_blank">45 Waltham Street, Flemington</a> (above) is up for November 7 auction with a $670,000-$730,000 price range through Ryan Currie and Jacqueline Iversen of Jellis Craig. 
<img src="/images/2015/10/21/543-Highbury-Road-Burwood-East-VIC-3151-Real-Estate-photo-1-large-9578790.jpg" alt="" width="525" height="350">
2. School-zoning prospects are available within the median price range including this four-bedroom house on <a href="https://www.realestateview.com.au/Real-Estate/543-highbury-road-burwood-east/Property-Details-buy-residential-9578790" target="_blank">543 Highbury Road, Burwood East</a> (above). The auction is this weekend with price estimates upwards of $700,000. The listing is by Steven Zervas of Fletchers. It is within the Mount Waverley Secondary College Zone.
<img src="/images/2015/10/21/18-Swanston-Street-Mentone-VIC-3194-Real-Estate-photo-1-large-9709470.jpg" alt="" width="506" height="337">
3. A three-bedroom house at <a href="https://www.realestateview.com.au/Real-Estate/18-swanston-street-mentone/Property-Details-buy-residential-9709470" target="_blank">18 Swanston Street, Mentone</a> (above) is up for November 14 auction with a $700,000-$770,000 price range through Pandelis Plousi and Andrew Plousi of Hodges.
<img src="/images/2015/10/21/5-George-Street-Yarraville-VIC-3013-Real-Estate-photo-1-large-9709322.jpg" alt="" width="491" height="327">
4. The three-bedroom <a href="https://www.realestateview.com.au/Real-Estate/5-george-street-yarraville/Property-Details-buy-residential-9709322" target="_blank">5 George Street, Yarraville</a> home (above) is up for November 21 auction with a $725,000 - $750,000 price guidance through Darren Dean and Peter Kelly of Sweeney Estate Agents.
<img src="/images/2015/10/21/11-Cecil-Street-Brighton-East-VIC-3187-Real-Estate-photo-1-large-9701484.jpg" alt="" width="537" height="358">
5. There's even potential in pricey Brighton. A two-bedroom home at <a href="https://www.realestateview.com.au/Real-Estate/11-cecil-street-brighton-east/Property-Details-buy-residential-9701484" target="_blank">11 Cecil Street, Brighton East</a> (above) is going under the hammer on November 14 for $700,000-$770,000 through Tom Davidson and Evan Stewart of Buxton Brighton.
<img src="/images/2015/10/21/7-Dalgety-Street-Preston-VIC-3072-Real-Estate-photo-1-large-9700182.jpg" alt="" width="534" height="355">
6. For those interested in period homes, a two-bedroom 1930s house combining Art Deco detail and modern appeal at <a href="https://www.realestateview.com.au/Real-Estate/7-dalgety-street-preston/Property-Details-buy-residential-9700182" target="_blank">7 Dalgety Street, Preston</a> (above) is up for November 14 auction with a $700,000-$770,000 price guidance through Andrew Guarino and Mario Lionetti of Jellis Craig. It was last sold for $130,000 in 1998.
<img src="/images/2015/10/21/381-Nicholson-Street-Carlton-North-VIC-3054-Real-Estate-photo-1-large-9692142.jpg" alt="" width="552" height="368">
7. Two-bedrooms are popular in this price range, with another at Carlton North on offer. The <a href="https://www.realestateview.com.au/Real-Estate/381-nicholson-street-carlton-north/Property-Details-buy-residential-9692142" target="_blank">381 Nicholson Street, Carlton North</a> (above) home is to be auctioned on November 14 with a $700,000-$770,000 price guidance through Ian Rye and Glenn Bartlett of Woodards.
<img src="/images/2015/10/21/13-Danielle-Crescent-Heathmont-VIC-3135-Real-Estate-photo-2-large-9697642.jpg" alt="" width="524" height="349">
8. This is the furthest out in the list of eight Property Observer feature, but comes with a swimming pool! This four-bedroom house with a partially covered pool at <a href="https://www.realestateview.com.au/Real-Estate/13-danielle-crescent-heathmont/Property-Details-buy-residential-9697642" target="_blank">13 Danielle Crescent, Heathmont</a>, (above) is up for November 14 auction with a $700-$770,000 price range through Reilly Waterfield and Nicole Freene of Fletchers.
Enzo Raimondo said there was currently a range of commentary around market movement, but while the market was cyclical, it was in an upward trend at this time.
“The market is currently on an upwards trajectory. The September quarter was extremely strong and that trend is continuing into the December quarter.”
<table dir="ltr" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td data-sheets-value='[null,2,"Metro Melbourne"]'>Metro Melbourne</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,729500]">$729,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.045]">4.5%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,698000]">$698,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.082]">8.2%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,532000]">$532,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.026]">2.6%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,518500]">$518,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.051]">5.1%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td data-sheets-numberformat='[null,3,"0.0%",1]'> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1236000]">$1,236,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,-0.002]">-0.2%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1239000]">$1,239,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.175]">17.5%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,560000]">$560,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.024]">2.4%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,547000]">$547,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.024]">2.4%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td data-sheets-numberformat='[null,3,"0.0%",1]'> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,861000]">$861,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.044]">4.4%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,825000]">$825,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.136]">13.6%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,586500]">$586,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.017]">1.7%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,576500]">$576,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.088]">8.8%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Quarterly change"]'>Quarterly change</td>
<td data-sheets-value='[null,2,"Jun-15 Quarter"]'>Jun-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual change"]'>Annual change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,550500]">$550,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.051]">5.1%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,524000]">$524,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.079]">7.9%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,415500]">$415,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.039]">3.9%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,400000]">$400,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.052]">5.2%</td>
</tr>
</tbody></table>
Source: <a href="https://www.reiv.com.au/home" target="_blank">REIV</a>
Note: All quarterly median prices are seasonally adjusted and quarterly. Annual change is based on rolling annual figures.
</div>
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jchancellor-FAypfDUnLy

Eight homes set to sell around Melbourne's new $729,500 house median on realestateview.com.au

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The latest discounted property of the week from SQM Research is a three bedroom home under 25km from Melbourne's CBD with an asking price reduced some $5,000 since July.
The property, 11 Brae Grove Point Cook, Victoria, was listed initially with a price range of between $390,000 - $410,000.
SQM Research managing director Louis Christopher said the asking price is now down to $385,000, which should allow the property to appeal to more buyers who are looking in the mid to high $300's.
"The backyard is very generous with a handy timber deck for the adults and plenty of cleared grass for the kids to play," he said.
"If this is not enough room there is a local park directly across from the property. The properties location and size is ideal for a young family and or person/s looking to start a family soon. The vendor says the property is located within close distance of local schools and shops for additional convenience."
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Point Cook home discounted property of the week: SQM Research

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Sydney's lower north shore had two properties selling under the hammer on Saturday for $4.255 million.
They were at the auctions of <a href="https://www.realestate.com.au/property-house-nsw-longueville-120788937" target="_blank">19 Dettman Ave, Longueville</a> (above) and <a href="https://www.realestate.com.au/property/71-carlotta-st-greenwich-nsw-2065" target="_blank">71 Carlotta St, Greenwich</a> (below).
<img src="/images/2015/10/21/700_greenwich.jpg" alt="" width="535" height="325">
Both through McGrath Lane Cove selling agent Brent Courtney. 
The four-bedroom house at Longueville was designed by Walter Barda overlooking Tambourine Bay.
The sale exceeded the $3.9 million reserve and the initial $3.4 million price guidance.
It sold to expats who are moving back from New York, News Ltd papers reported.
Upsizers secured the five-bedroom house in Greenwich from the recently appointed Spotless chief Martin Sheppard and his wife, Donna, now based in Melbourne.
Brent Courtney secured the that sale price under the same hammer for the Longueville home of Amanda Roche, wife of SNP Security boss Thomas Roche.
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$4.255 million secured twice at Sydney weekend auction

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Sydney's recent weakening clearance rate is likely to be joined in a decline in its median house price.
Another nail in the boom coffin.
The shift in sentiment seriously emerged last week with those three economist forecasts and then a Westpac rate rise. 
They were forecasting not just an end - or softening - to the property boom, but rather boldly putting a figure on the size of the price fall. 
The biggest mooted was a 7.5% drop over the next two years from Macquarie Research analyst James McIntyre in a report titled Aussie Macro Outlook: Population &amp; Housing - Perishable. SQM this week brought a bit of balance forecasting 2016 would certainly see a slowdown in growth, but no Sydney reversal.
I was surprised by the swiftness of the sentiment change to negativity - seen in the fall to a mid-60s clearance rate - but Sydney has always been able to turn on a sixpence.
I think one of the contributing factors in the latest shift towards negativity actually arose when Sydney turned on its $1 million median price suggestion back in July.
Buyers, quietly and sensibly, said enough is enough. Enough 15% annualised growth since its 2012 origins.
In July this year Domain's senior economist, Dr Andrew Wilson, calculated and crowed that house prices had spiked 8.4% over the June quarter to a $1,000,616 Sydney median house price.
I thought it was a bit of a stretch, and that $616 hardly clearly the hurdle with confidence, though the May RBA rate cut had certainly helped the spurt in Sydney's median.
According to the accompanying Fairfax Media overload spin, Sydney's median was higher than than average house price in London and fast approaching New York.
I'd anticipate the upcoming Domain House Price Report, may well send Sydney into reverse, ie a median price back below $1 million.
Will the dip in the overall Sydney median really mean prices are falling? Reckon we will have to await a few more Sunday morning newspaper headlines to judge the wind direction.
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Negative Sydney property market sentiment turned on more than a sixpence

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Every month, the REIV surveys members on the current and future expectations of the performance of the market. 
The questions asked include member opinions on the number of enquiries, settlements, listings, transactions, and sale/lease prices. This information provides insight on the sentiment within the real estate industry.
The REIV Property Market Sentiment Index experienced a significant decline of 6.4% to 117 in September, <a href="/news">down from 125 in the previous month</a>.
<a href="/images/2015/10/20/vic.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/20/vic.jpg" alt="">
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Melbourne market sentiment in significant anticipatory decline: REIV

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The north facing bushland Belrose home of the late water polo Olympian Doug Laing, the 60 year real estate veteran, sits high above the escarpment of Garigal National Park with glimpses of water. 
His 1972 house was designed by architect Nino Sydney for the family who, having spent much their early days in Bondi, introduced a stepped terrace, not unlike the steps at Bondi Beach.
It flows down to the large pool and an enormous lawn at the 3640 sqm property. 
The split level, five bedroom <a href="https://laing.com.au/2406226/" target="_blank">Morgan Road home </a>goes to October 24 auction through his daughter, Vicki Laing who continues the estate agency.
This article was first published in the Saturday Daily Telegraph.
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Estate agent pioneer's Belrose home for October auction

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The Brisbane suburb of Chelmer leads the top five regions in Queensland for house rental increases over the year with a 14.8% change when compared to last year, according to CoreLogic RP Data.
CoreLogic RP Data's September Monthly Rental Report found the suburb of Doolandella and a 10.5% increase to a median of $420 and Norman Park a 10% increase to a median of $550.
<a href="/images/2015/10/19/bris.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/19/bris.jpg" alt="" width="465" height="117">
The median price for a home in <a href="/news">Chelmer is $950,000</a>, according to CoreLogic RP Data.
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Chelmer leads top five Brisbane suburbs for house rental increase: CoreLogic RP Data

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The doomsayer economist Steve Keen - who predicted in 2008 that Sydney property prices would collapse by 40% - pocketed $540,000 when, with global financial crisis recessionary fears uppermost in his mind, he sold his Surry Hills apartment.
An optimistic estimate some seven years on of his two-bedroom Chalmers Street unit calculates its current resale price as potentially nearing $1.1 million. Close to doubling and Dr Keen has not benefited a cent.
I was reminded of the Keen prophesy and ramifications for him, and those who likewise sold or sat out, when there was a flurry of forecasts issued this week from milder economists on the immediate future of the property market.
They were forecasting not just an end - or softening - to the property boom, but rather boldly putting a figure on the size of the price fall.
The biggest mooted was a 7.5% drop over the next two years from Macquarie Research analyst James McIntyre in a report titled Aussie Macro Outlook: Population &amp; Housing - Perishable.
Any such fall would be about half the actual gain of just this year in Sydney, so the sky ain't falling in, though for those capital cities already going backwards, such pain might be more harmful. 
Ofcourse an overall national 7.5% decline means there has to be cities with a greater decline, and Sydney being the unrivalled engine room for growth for the past three years, would be presumably ripe for that under the Macquarie Research scenario. Not that there was much detail.
Brian White, the head of the Ray White group, says he hasn't been convinced by the logic of the three forecasts from Macquarie, Bank of America Merrill Lynch and Credit Suisse, but senses that they might have a self fulfulling outcome given the banks are well credentialed. 
"I don't crave for a boom," Brian White said yesterday.
Indeed few want the 15% plus annualised price growth of Sydney to continue into its fourth year, and anyway as regulatory measures currently conspire, it will not likely be sustainable. 
However as the Reserve Bank governor Glenn Stevens noted there have been crazy prices, and the record $6.055 million Chatswood sale took the last weekend's crazy prize.  
After almost a decade of dawdling, Sydney has so many varying factors that have helped keep the many property markets strong in our resurgent recent times, and not just auction silliness.
Macquarie's warning on price momentum mostly related to an oversupply of apartments and slower than expected population growth.
Yes Sydney has plenty of apartments in the pipeline, but its population growth is running at above average.
There are so many mini-markets within Sydney and NSW that even amid the so-called bubble conditions not all property are in the same rising (or falling) boat. Indeed recently a $3.6 million Paddington home sold for the same price as its 2008 sale, having overpaid it seems back then, so much still rests on the individual circumstance of how reckless the purchase price was.
It’s also way too simplistic to say the entire property market will go this way or that.
And with home loans at historic lows it is hard to envisage the market heading backwards in a hurry. Sure there will be pauses, procrastinations, problems... and plenty of mixed messages sometimes juxtaposed in the same day's reportage.
After the now London-based academic Steve Keen made the mother of all housing crash predictions, he was sometimes referred to as the world’s scariest economist. 
He lost a public bet with then Macquarie Bank economist, Rory Robertson, over the big call which resulted in Keen having to walk in 2010 from Canberra to Mt. Kosciuszko wearing a T-shirt that read: “I was hopelessly wrong on house prices”.
If people had listened and then acted on his genuine sentiment, they would have lost money from the subsequent house and sharemarket price surge.
One day he or others who make such forecasts might be right but economics assumptions are not just not mathematical or scientific desktop calculations — but need to mixed in with the social science of actual human behaviour.
So this week's forecasts will eventually look dumb or smart, but most likely forgotten as by then there'll be a whole raft of newer forecasts to take onboard.
Just be very prepared for all eventualities.
What worries me most is that since there's been no recession since the early 1990s we have a generation or so without any deep knowledge of being at the mercy of the market.
This article was first published in the Saturday Daily Telegraph.
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