Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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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