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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GUEST OBSERVER
A pop-up tree office in London is the latest expression of a growing movement to take work out of the office into the landscape of the city.
Designed as an installation for the recent London Festival of Architecture, the tree-house coworking space is equipped with power and wi-fi and will be available to hire for several months.
The project is part of the Park Hack project led by Hackney Council. Profits from the space will be reinvested into parks and green spaces in the area.
The tree office workspace continues the appetite for the pop-up urbanism movement. The pop-ups are temporary installations and cover a broad spectrum including art, retail, food and craft. They are intended to highlight alternative perspectives, gather feedback in real time and test potential urban design improvements.
The trend to get out of the office is not new, however projects such as the treehouse workspace highlight a renewed focus on making working outdoors practical.
Since Ray Oldenburg officially coined the term “third place” in 1989, our drive to find accessible, social, technologically enabled and welcoming places to work within the urban environment continues unabated.
Despite advances in technology and evidence of the benefits of nature on our thinking and well-being, the reality of working outdoors has not been without challenges.
A groundbreaking project in New York City in 1989 was one of the first to formally experiment with ways to activate multiple urban public spaces as worksites. The project called Breakout! aimed to draw on the platforms of mobile technology and location-aware social networks to support cross-organisational and interdisciplinary collaborations. Despite the technology underpinning, a key aim of the project was to increase serendipity and face-to-face connection.
The experiment highlighted the challenges of working outdoors, with issues such as access to power in public space and unsuitable furniture limiting the outcomes. Fast forward to 2015, and an increasing number of urban planners and furniture designers are making the outdoor workspace a design priority.
The benefits of working in natural environments are the focus of a growing body of empirical research. A recent study on the use of plants in offices found a 15% increase in productivity when plants were added to lean office spaces. Employees also reported improvements in air-quality, satisfaction and concentration.
Far removed from the days of the half-dead dusty fern adorning a forgotten corner of the office, organisations are embracing the biophilia hypothesis with gusto. The Selgas-Cano office in Madrid is built nestled into the ground. Google’s proposed new biodome in Mountain View and the new Ecole Polytechnique at the Paris-Saclay University are designed to embed the office space right into nature.
However, the time when we will be able to work effectively in the actual outdoors may not to be too far off. Designers such as Jonathan Olivares and Buzzispace creating prototype outdoor working solutions that include a range of ergonomic, sheltered, powered and customisable furniture arrangements.
Libby Sander is PhD candidate, Griffith University and author for The Conversation and can be contacted <a href="https://theconversation.com/profiles/libby-sander-143232" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

The growing movement to take work outdoors

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September property market offerings had a mixed trend across the country as to the required discounting before offerings were sold by vendors.
The latest APM heat chart showed only Canberra with a marked lower discount required in the private treaty markets, down to 4.3% discounting.
Sydney property vendors needed to knock 5% from asking prices. 
 
<a href="/images/2015/10/12/APM_average_discount.jpg" target="_blank">Click to enlarge</a>
 <img src="/images/2015/10/12/APM_average_discount.jpg" alt="">
According to APM, the Brisbane and Perth <a href="/news/perth-now-the-slowest-property-sales-market-in-country-apm-heat-chart">private treaty market slowed in September</a>.
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Sydney property vendors needing to knock 5% from asking prices: APM heat chart 

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Comedic actor Shane Jacobson has listed his five-bedroom house at Newport in Melbourne.
 The Oxford Street property has been listed through Village Real Estate Seddon agent Anthony Watson.
The home has been scheduled for<a href="https://www.realestateview.com.au/Real-Estate/42-oxford-street-newport/Property-Details-buy-residential-9523848" target="_blank"> October 17 auction</a>. 
It was bought for $1 million in 2007, after the success of his debut film, Kenny.
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Actor Shane Jacobsen lists Newport home

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The top sale of the week was a freestanding five bedroom home in Chatswood on an 815 sqm block, according to CoreLogic RP Data.
The double brick home, <a href="https://www.realestate.com.au/property-house-nsw-chatswood-120697633" target="_blank">6 Chatswood Avenue, Chatswood</a>, was built in 1998 and sold for $6,055,000 through Kerrie Robertson and Michael OBrien of LJ Hooker Lane Cove.
The second highest sale was also in Chatswood.
 
6 Chatswood Ave, Chatswood, NSW, 2067<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/6-chatswood-avenue-chatswood-nsw-2067/1825007">,</a> five-bedroom house, sold at auction on October 10 by L J Hooker Lane Cove for $6.055 million
33 Olga St, Chatswood, NSW, 2067<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/33-olga-street-chatswood-nsw-2067/1830003">,</a> five-bedroom house, sold at auction on October 10 by Shead Property Chatswood for $5.22 million
14 Bower St, Manly, NSW, 2095<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/14-bower-street-manly-nsw-2095/3972455">,</a> six-bedroom house, sold at auction on October 10 by Clarke &amp; Humel Property Manly for $4.62 million
7 Cameron Ave, Manly, NSW, 2095<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/7-cameron-avenue-manly-nsw-2095/17325029">,</a> four-bedroom house, sold at auction on October 10 by Clarke &amp; Humel Property Manly for $3.805 million
1106 Pittwater Rd, Collaroy, NSW, 2097, four-bedroom house, sold at auction on October 10 by Belle Property Mona Vale for $3.73 million
4 Crossakiel Ct, Hawthorn, VIC, 3122<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/4-crossakiel-court-hawthorn-vic-3122/11188399">,</a> four-bedroom house, sold at auction on October 10 by Jellis Craig Hawthorn for $3.56 million 
51 Raglan St, Mosman, NSW, 2088<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/51-raglan-street-mosman-nsw-2088/4501142">,</a> three-bedroom house, sold at auction on October 10 by 2088 Realty Mosman for $3.4 million
22 Bayswater Rd, Lindfield, NSW, 2070<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/22-bayswater-road-lindfield-nsw-2070/3767480">,</a> five-bedroom house, sold at auction on October 10 by Mcconnell Bourn Estate Agents Lindfield for $3.23 million 
371 Belmore Rd, Balwyn North, VIC, 3104<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/371-belmore-road-balwyn-north-vic-3104/9579363">,</a> five-bedroom house, sold at auction on October 10 by Noel Jones Real Estate Balwyn for $3.2 million
18B Alice St, Turramurra, NSW, 2074<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/18b-alice-street-turramurra-nsw-2074/6997909">,</a> five-bedroom house, sold prior to auction on October 10 by Chadwick Real Estate Turramurra for $3.2 million
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mick.cee-iDmgDDAmu8

Two Chatswood trophy homes lead CoreLogic RP Data top ten list

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Confidence around housing remains weak, according to the Westpac-Melbourne Institute Index of Consumer Sentiment in October.
The ‘time to buy a dwelling’ index slipped from 101.7 to 101.3 (down by 0.4%) to be down by 11% over the year.
This Index peaked in September 2013 at 145.3 and is down over 30% from that peak, Westpac chief economist Bill Evans noted.
There was a sharp fall in confidence around the outlook for house prices.
The Westpac Melbourne Institute Index of House Price Expectations fell by 3.9% to 124.2.
It is now down by 14.9% over the last three months and 25% from its peak in December 2013.
Evans says the Reserve Bank Board that next meets on November 3 will be encouraged by the signals from this survey and the official data that employment conditions and confidence around employment prospects appear to be finally improving.
"However it will probably be a little disappointed that confidence remains below the 100 level where pessimists outnumber optimists," he said.
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Time to buy property sentiment is down: Westpac

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Anytime Fitness co-founder Jacinta McDonell, who oversees a gym empire of 420 clubs in Australia, has bought Ammamead, a Byron Bay hinterland retreat.
Its a charming classic white <a href="https://uniqueestates.com.au/listings/residential_sale-275066-federal/" target="_blank">Queenslander home</a> on a compact 9000 sqm holding at Federal.
It had been a holiday rental that had consistently yielded over 6% gross with 55% occupancy over the past few years.
But perhaps the clincher for the $2.1 million purchase through Unique Estates agent Nicolette van Wijngaarden was the separate studio which had just been renovated into a health and fitness area with bathroom. 
Ammamead, with an award-winning contemporary extension, was initially renovated around 2001 by architect Sharon Fraser and her builder partner, Steve Esson after the Queenslander had been transported to the property in the 1980s.
Recently refurbished into a luxurious yet relaxed retreat, it comes with a 16 metre salt water inground lap pool.
Jacinta McDonell and her co-founder brother, Justin, have always been involved in the fitness industry, having parents running fitness clubs.
It was in 1992 when they opened their first gym soon out of high school, launching the Anytime Fitness in Australia as master franchisors of the American fitness brand in 2008.
Anytime Fitness Australia has the largest group of clubs outside of the USA, starting with the first club in Gunnedah.
She was recently on Necker, Sir Richard Branson’s private island, as part of the Business Chicks Virgin Unite trip where she spent time with Marianne Williamson, the internationally acclaimed spiritual author.
She lives in Balmain in a cottage bought last spring for $3.3 million through McGrath agent Cindy Kennedy.
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Queenslander at Federal, Byron Bay hinterland sale

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A four bedroom home in the West Australia suburb of Woodbridge is the latest entry on SQM Research's top ten most discounted properties nationwide list, coming in at number six.
The property, <a href="https://www.realestate.com.au/property-house-wa-woodbridge-119890441" target="_blank">22 Ford St Woodbridge</a>, is approximately 16.5 km's from Perth CBD and was first on the market for $1,250,000. Today's asking price is $850,00 - a 32% reduction for the 126 days on market.
SQM Research managing director Loius Christopher said the property is certainly just as big, if not slightly bigger, than most of the listed properties located in Western Australia.
"What this property has that others from the same state don't is the luxury of space accompanied by the perks of innner capital city living," he said. 
"Perks include being close to public transport, airports, shopping hubs, etc. The property is approximately 16.5 km's away from Perth CBD, 7.8 km's from Perth Airport and a short walk away from Woodbridge train station, local shops and cafes."
<a href="/images/2015/10/13/Screen%20Shot%202015-10-13%20at%204.36.46%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/13/Screen%20Shot%202015-10-13%20at%204.36.46%20PM.png" alt="">
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New entrant on top ten most discounted list: SQM Research

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Melbourne-based Chinese mortgage brooking firm Elite Mortgage Brokers has recently agreed to make changes to its website and print advertisements in response to concerns raised by ASIC.
ASIC considered statements made by Elite Mortgage Brokers in Chinese, were misleading or deceptive or likely to mislead or deceive, namely claims of a 100% success rate, pre-approvals within 15 minutes, they were Melbourne’s largest Chinese mortgage broker and could match interest rates from all banks.
ASIC said the advertisements were made over the period October 2014 through to March 2015 in the Melbourne Property Weekly and on Elite Mortgage Brokers’ business website and were concerned statements claiming a ‘100% success rate’ were likely to be misleading because they suggest that credit will be provided to all applicants. Other claims could not be properly substantiated.
ASIC Deputy Chair Peter Kell said all representations made in advertising of credit-related products, including representations regarding the size of a business or the nature of services provided, must be accurate and able to be substantiated to avoid consumers being misled.
"This extends to ensuring consumers from non-English speaking backgrounds are not misled or deceived by advertising in a foreign language," he said.
"ASIC monitors all forms of advertising and will continue to monitor advertising targeted at non-English speaking consumers. Where necessary, ASIC will take enforcement action."
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jonathanchancellor-7SQnKwU6yx

ASIC pressures Elite Mortgage Brokers over advertising claims

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CoreLogic-RP Data reported a rebound in preliminary auction clearance clearance rates, with increases in Sydney (to 72.8%), Melbourne (74.1%), and Brisbane (59.4 %).
<a href="/images/2015/10/12/A1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/12/A1.jpg" alt="">
The trend in Brisbane improved slightly from 59.1% last week and 48.8% one year ago.
<a href="/images/2015/10/12/A2.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/12/A2.jpg" alt="">
 
<div>Sydney's preliminary clearance rate of 72.8% from an elevated number of 1,141 auctions remained strong, but the market is clearly now a two-speed affair with the western suburbs, north west and south west all having slowed in recent weeks.</div>
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<div>The northern beaches recorded the strongest clearance rate this weekend (88%), with the eastern suburbs (85.5%) and city &amp; inner south (81.9%) all recording strong results.</div>
<div> </div>
<div>The eastern suburbs have proven to be particularly strong performers of late.</div>
<div> </div>
<div>Most properties with a Bondi tagline continue to sell well, while Bronte, Clovelly, Coogee, Darling Point, Maroubra etc. also remain rock solid...</div>
<a href="/images/2015/10/12/A3.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/12/A3.jpg" alt="">
 
The real blockbuster sales this weekend, however, were seen on the lower north shore, specifically in Chatswood, with the previous suburb record being swept away...twice.
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
 
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pwargent-M4siyDbqQY

Auctions on the rebound: Pete Wargent

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Melbourne notched up a clearance rate of 74% on the weekend compared to 70% the same weekend last year. 
There were 1113 auctions reported to the REIV, with two consecutive super Saturday weekends scheduled for the coming fortnight, the REIV chief Enzo Raimondo noting.
The median house price sale was $877,500 and the median unit price sold at weekend auction was $605,000.
A Toorak house topped the weekend results at $6.5 million with a Southbank offering the top apartment sale at $2.05 million. More than $1.9 million had been tipped for 1706/26 Southgate Avenue, Southbank, with 164 sqm in Quay West. It first sold at $715,000 in 1996 off the plan, setting in 1999 on completion.
TOP 5 HOUSES
1. 25 Wallace Avenue, Toorak $6,500,000
2. 4 Crossakiel Court, Hawthorn $3,560,000
3. 371 Belmore Road, Balwyn North $3,200,000
4. 40 Kerrie Road, Glen Waverley $3,050,000
5. 38 Hood Street, Balwyn North $3,020,000
 
TOP 5 BARGAIN HOUSES
1. 12 Echuca Street, Dallas $301,000
2. 62 Willora Crescent, Cranbourne West $305,000
3. 16 Rosedale Crescent, Dallas $312,000
4. 20 Rosedale Crescent, Dallas $315,000
5. 1/12 Eureka Court, Kings Park $320,000
 
Flat/Apartment Sales in Detail
 
TOP 5 APARTMENTS
1. 1706/26 Southgate Avenue, Southbank $2,050,000
2. 2 Peacock Street, Brighton $1,840,000
3. 5B Elizabeth Street, Brighton East $1,520,000
4. 4/32 Bourke Street, Melbourne $1,470,500
5. 2/38 Aylmer Street, Balwyn North $1,355,000
 
TOP 5 BARGAIN APARTMENTS
1. 3/780 Warrigal Road, Malvern East $200,500
2. 2/28 Codrington Street, Cranbourne $220,000
3. 104/51 Rathdowne Street, Carlton $236,500
4. 2/50 Tranmere Avenue, Carnegie $265,000
5. 4/243 Gower Street, Preston $271,000
 
Source <a href="/news">REIV</a>
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