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

Property market

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Employment trends can be a precursor to property market trends.
Having spent much of the last week analysing the latest employment data for locations right across Australia we’ve found some interesting discoveries which might shape property market performance over the next year or two.
At a base level knowledge of becoming an astute property investor is recognising that property is shelter. Wherever there is demand for a job there is demand for shelter. It is thereby logical to expect that wherever there is demand for more jobs in the future there will be demand for more shelter. This simple philosophy is something which is engrained in Propertyology’s research mindset and why we are full-time students of Australia’s economy.
Actual job numbers (as opposed to unemployment rates), drilling down to individual cities (as opposed to generic state data), and observing data trends over a time series provide us with interesting insight in to probable future performance of property markets.
There can often be a lag of 12-18 months before what’s occurring on the jobs front produces a material impact in real property data. In addition to economic development (jobs), the factors which have the biggest influence on property prices are affordability, sentiment, and supply.
At a national jobs level, the data paints a much rosier picture than what the doomsayers elect to report. After creating a meagre 12,849 extra jobs during 2013, a credible 389,518 jobs were created during the 2014 calendar year. This has been backed up this year with 239,765 new jobs for the eight months to August (annualised 359,647). There has been an increase in total Australian jobs over the two years to August 2015 of 3%.
Against this national benchmark, it would surprise few to learn that New South Wales has outperformed with a 4.0% increase in jobs over the last two years. On the back of a raft of positive economic news over the last couple of years, Tasmania was easily the best performed state with a 5.5% increase in jobs growth. Northern Territory (4.1%) was the other state / territory to bat above the average.
<a href="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%208.42.10%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%208.42.10%20PM.png" alt="">After a strong job recovery year in 2014, Brisbane had a sluggish start to 2015 however, figures from the last few months suggest that momentum might be back. Propertyology’s forward estimate for Brisbane is for a steady performance although there is nothing suggesting that a boom is on the immediate horizon.
Darwin produced the biggest jobs growth of Australia’s eight capital cities with an 8.3% increase over the last two years. It is worth noting that much of this growth occurred during first half of this period and Propertyology’s research suggests that the trend could be reversed in the next year or so when construction on the Ichthys LNG project finishes. Perth (2.4% growth) and Adelaide (0.8%) were both below the national benchmark while Canberra has 2.2% less jobs now than two years ago.
The truly astute property investors don’t have the blinkers on and they recognise that 8 million Australians elect to live and work in alternative locations to capital cities. There are some really interesting job numbers unfolding in regional cities. Oh, and for those who missed the memo, housing is much more affordable in these locations.
<a href="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%208.45.22%20PM.png" target="_blank">Click to enlarge</a>
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In New South Wales, Coffs Harbour (13.8%), Central Coast (12%), Illawarra (8.7%), the Mid-North Coast (8.0%), and Richmond / Tweed (5.0%) have all been superior to the State’s capital. And if you think they are impressive numbers, the biggest jobs growth in all of Australia over the last two years was in the Orana region with a 32.6% increase.
<a href="/images/2015/10/07/new_gosford.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/07/new_gosford.jpg" alt="" width="942" height="610">
With 5.6% more jobs now than two years ago, the Hume region has been Victoria’s biggest improver. Most of regional Victoria is struggling though, with a decline in total job numbers over the last two years in the North West (19.2%), Bendigo (12.6%), Geelong (10.9%) and Ballarat (2.9%). In Tasmania’s North West zone, which includes Burnie and Devonport, there was a 16.7% increase in jobs while the North East (Launceston) has increased by 4.6%. Go Tassie!
Queensland has produced mixed results. As forecast by Propertyology at the start of this year, the Gold Coast economy is very strong – there’s been a 15% increase in jobs – boom! Ipswich (8.2%), Moreton Bay North and Wide Bay (both 7.7%) have also been solid improvers. A decline in total jobs has occurred in Mackay (9.7%), Logan (9.4%), and Townsville (7.1%).
It won’t surprise anyone that job losses have occurred in Western Australia’s Pilbara and Kimberly regions; Perth (where thousands of mining administration jobs are based) has also felt the brunt. But, WA is a big state and it’s not entirely about iron ore and gas. In the state’s south, tourism and agriculture have been drivers behind 13% jobs growth in Bunbury. 
SIMON PRESSLEY IS MANAGING DIRECTOR OF <a href="https://www.propertyology.com.au/" target="_blank">PROPERTYOLOGY</a>, AN REIA HALL OF FAME INDUCTEE, PROPERTY MARKET ANALYST, ACCREDITED PROPERTY INVESTMENT ADVISER, AND BUYER’S AGENT. PROPERTYOLOGY WORKS EXCLUSIVELY WITH PROPERTY INVESTORS TO PURCHASE PROPERTIES IN STRATEGICALLY CHOSEN LOCATIONS ALL OVER AUSTRALIA.
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spressley-sBoeMhannA

Employment trends a precursor to property market trends: Simon Pressley

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Share market volatility along with strong government support for one of the nation’s most rapidly growing industries is driving increasing demand for childcare centre investments, according to Savills Australia director, Julian Heatherich.
He noted recent deals - sold off-market, off-the-plan, prior to auction and at hotly contested auctions - with yields in Melbourne falling as low as 3.89%.
One China based investor paid $2.3 million on a 5.1% yield for a centre at <a href="https://www.realcommercial.com.au/property-retail-vic-rowville-501701601" target="_blank">2 Bernard Hamilton Way, Rowville</a> in Melbourne’s outer east, sold within six days of the campaign start. 
The purpose built centre sold subject to a ten year lease at $118,110 per annum net with 100% occupancy and an extensive waiting list. 
At an earlier auction a Melbourne based private investor outbid five other potential purchasers for a Thornbury childcare centre with a final bid of $1.83 million on what is believed to be a record low 3.89% yield.
Savills agents Tim McIntosh, said the marketing campaign for the 200 Smith Street property attracted more than 100 enquiries, 20 inspections, then 15 requests for the contract.
The tenant on a 10 year lease was the national operator Guardian Early Learning Group which owns or manages up to 90 centres.
In other sales an emerging childcare investment trust paid $4.35 million, in an off-market deal, for a former Hungry Jacks outlet at Coburg, with plans for a childcare centre conversion.
A local private investor paid $3.25 million for an off-the-plan childcare centre in Vantage Avenue, Clyde North, subject to a pre-lease to childcare centre operator Eclipse Early Education Group on a 10-year term.
Mr Heatherich said the average initial yield of childcare centres in metropolitan Melbourne in 2014 had been around 6.75% and that yields this year had, until recently been in the 6 to 7% range. 
"Small investors have traditionally been buyers of retail strip and residential assets and more recently that list has extended to childcare properties and there are a number of reasons for that including the negative performance of share market investments."
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jchancellor-FAypfDUnLy

Investors take to Melbourne childcare: Savills

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A UK-based student accommodation group has purchased two adjoining Melbourne development sites at 221 Pelham Street and 81-85 Barry Street.
Combined, the sites have more than 1,000 square metre area and were bought by from vendor Vaughan Construction Group through Daniel Wolman, Oliver Hay and Guy Wells at Colliers International.
221 Pelham Street, a former Reece Plumbing building, has a recently approved permit for 55 apartments.
“Located directly opposite Melbourne University, these sites combined are one of the last big parcels of land in this popular precinct,” Mr Hay said.
“The property was purchased off market by a prominent UK-based student accommodation group, who fought off fierce competition to acquire the site. The sale represents the group’s first foray into the Melbourne market.”
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Pelham St Melbourne sites make way for student accommodation

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The residential property developer and builder, Sekisui House has formally signed an exclusive deal with international golf champion and entrepreneur, Greg Norman, to design and build a premium golf course at its award-winning masterplanned estate, The Hermitage in Gledswood Hills.
The 9-hole, Par 3 course will be the only golf course in Sydney to be designed and constructed by the Norman group.
The new golf course is a collaboration between Sekisui House, Greg Norman Golf Course Design and club operator, Wests Campbelltown, to design and construct a brand new 9-hole course and driving range within the 300 hectare estate in Sydney’s south-west.
Greg Norman executed the agreement with Sekisui House Limited Executive Vice President, Sumio Wada, Sekisui House managing director, Toru Abe.
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Greg Norman golf course design teeing off soon at The Hermitage, Gledswood Hills

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Preliminary auction results for Sydney for the week ending 4 October show a clearance rate of 71.4% across 448 results, according to CoreLogic RP Data.
Standout regions include Sydney's inner west with a preliminary clearance rate of 90.6% with the inner south at 79.4% and the Hornsby and North Sydney region recording 78.2%.
<a href="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%209.29.48%20AM.png" target="_blank">Click to enlarge</a>
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Parramatta dips to 42% as Sydney nets clearance rate of 71.4%: CoreLogic RP Data

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The top sale of the week was a four bedroom home in the Sydney suburb of Mosman, according to CoreLogic RP Data.
CoreLogic RP Data's top ten sales for the week ending 4 October noted the home, <a href="https://www.realestate.com.au/property-house-nsw-mosman-120771653" target="_blank">42 Euryalus Street, Mosman</a>, sold for $5,600,000 through Ray White Lower North Shore.
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Top ten sales:
42 Euryalus Street, Mosman, NSW, 4 bed, 3 bath, 2 car house $5,600,000, Ray White Lower North Shore 
17 Myoora Road, Terrey Hills, NSW, 6 bed, 5 bath, 4 car house $4,325,000, Sydney Country Living Terrey Hills 
17 Berrillee Street, Turramurra, NSW, 5 bed, 4 bath, 2 car house $4,220,000, LJ Hooker Pymble 
503/14 Macleay Street, Elizabeth Bay, NSW, 3 bed, 2 bath, 2 car unit $4,000,000, Richardson &amp; Wrench Elizabeth Bay/Potts Point 
4 Tutus Street, Balgowlah Heights, NSW 5 bed, 3 bath, 2 car house $3,875,000, McGrath Estate Agents 
294 Military Road, Dover Heights, NSW, 6 bed, 4 bath, 2 car house $3,750,000, Position Realty, Rose Bay
2332 Cressbrook Drive, Hope Island, Qld 4 bed, 5 bath, 10 car house $3,700,000 Ray White Hope Island 
28 Carcoola Road, St Ives, NSW, 5 bed, 4 bath, 2 car house $3,550,000, Chadwick Real Estate St Ives 
17 Kingston Avenue, Concord, NSW 5 bed, 3 bath, 2 car house $2,900,000 Raine &amp; Horne Concord 
64 Alt Street, Queens Park, NSW 4 bed, 1 bath, 3 car house $2,780,000 Wills Bro Estate Agents Bronte
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Mosman trophy sale leads CoreLogic RP Data top ten

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Caydon Property Group has welcomed the City of Banyule’s decision to agree to a Victorian Civil and Administrative Tribunal (VCAT) consent order on its Ivanhoe development site.
It will enable a $150 million, 14-storey residential, office and retail development at 443 Upper Heidelberg Road, Ivanhoe to proceed.
Banyule councillors this week supported the council officer’s recommendation to agree to the consent order for development at the 3360 square metre Burgundy Hill site, one of Melbourne’s highest points.
It followed collaboration between Caydon, council officers, residents and the community at a compulsory conference at VCAT in August which led to Caydon resolving key height, built form and mass, and vehicle access concerns through an amended proposal.
Caydon principal Joe Russo said the conference provided constructive feedback that "helped us land on a design that is a better fit with the surrounding area in terms of the height, appearance and amenity of the proposed building.” 
The approved plans will see the construction of 211 one, two and three bedroom apartments, as well as 48 serviced apartments and 1590 square metres of office and retail space. These will be serviced by 296 car parks and storage for up to 156 bicycles.
The Burgundy Hill site is earmarked as a strategic redevelopment site in the Heidelberg Precinct Structure Plan.
<img src="/images/2015/10/07/700_caydon2.jpg" alt="">
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Caydon set to proceed with Burgundy Hill, Ivanhoe project

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With one of the country’s biggest lenders announcing lending restrictions to certain suburbs, could this signal changes which could have a much broader impact to the property market? 
Tiered pricing 
It’s not unrealistic for banks to change pricing structures and cap LVR’s based on suburbs. This could take the form of higher rates and/or low LVR caps for certain ‘high risk’ suburbs and lower rates and higher LVRs for what lenders consider a ‘safer’ suburb. A recent example was ING DIRECT’s decision in June to restrict investment lending in NSW to a maximum LVR of 80% (usually 90%), but this has since been restricted to 80% in all other states as well. If this becomes a market-wide issue, this could impact existing owners if they decided to refinance under new rules by making such a move to the goalposts.
Specific apartment developments under the spotlight 
If lenders start to put a red flag on suburbs, specific apartment developments which are deemed high risk or where there’s a glut of development, might be next. This could squeeze a huge percentage of investors out of the market,  reducing the affordability and ‘entry point’ for many first time buyers and see them locked out of certain developments but leave the gate open for overseas investors. 
These two changes could see a big shift in the way people buy property altogether by changing buying habits, upping rates and lowering accessibility for new buyers. 
Change buying habits
If either of these changes occur, we’ll see a shift in the market. Investors will flood certain suburbs because it’s the only places they can buy and owner occupiers will be locked out of certain suburbs due to LVR restrictions. This could have a big impact on property prices - and that of surrounding suburbs - and at a higher level, the demographic make-up of a city. 
Increase in number of declined loans 
Being knocked back for finance based on a building type or suburb could have a residual impact on a borrower’s ability to apply for loans. This could also impact a borrowers credit score more broadly. 
Higher rates across the board 
If tiering and capping presents too much of a logistical challenge for lenders combined with a backlash from borrowers, lenders may choose to cover their credit risk by simply increasing interest rates across the board. 
Lenders withdrawing from some areas altogether 
Mining towns have already been mentioned as high risk areas and if we see large lenders withdraw form these areas, smaller lenders will likely follow suit. This trend tends to apply for most high level changes like pricing or lending criteria – when the big guys move, the smaller lenders follow.
STEVE JOVCEVSKI is property expert at Mozo.com.au.
FOR MORE INSIDER INFORMATION ON PROPERTY LOANS, RATES AND MORE: DOWNLOAD THE<a href="http://propertyobserver.com.au/forward-planning/tools/ebooks-and-webinars/42368-get-loan-savvy-expert-tips-for-a-first-time-investment-or-refinancing-loan-in-a-free-ebook" target="_blank"> FREE MOZO EBOOK</a>.
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Lending criteria changes have potential to lock owner-occupiers out of market: Mozo's Steve Jovcevski

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Over the past year a record 953,200 tourists came to Australia from China, up 19.6% over the year.
Tourists from China and Hong Kong rose to a record 1,165,600 over the past year.
Australia's number one tourist group remains New Zealand who totalled 1,286,900 visitors over the past year, but that was up just 4.9%.
The figures come as a Sydney estate agency mooted a summer rental stunt that would see 20 Chinese millionaires "trying" Sydney mansions before buying them. 
The Chinese property and lifestyle concierge Monika Tu claimed she will place these Chinese nationals from five Shanghai high-net worth families into palatial homes around Sydney at the start of the Chinese New Year celebrations in early February 2016.
They will stay initially for between one month and six months. 
She suggested with each having at least $10 million to spare, the group will bring more than $200 million into Australia to spend on property and other investments. 
"These high-net worth Chinese individuals are looking for a real life experience of what life would be like in Australia. They want to be introduced to schools for their children... even put their children into some kind of holiday school program as an initial try-out," Ms Tu told the Australian Financial Review. 
"They also want to find investment advisers and find out how to set up a business here."
These are not your average Chinese rich people, Ms Tu added. 
"Our new neighbours are not simply relocating just for our beaches," Ms Tu suggested.
"Many Chinese parents are becoming more open-minded and believe their own system [is] possibly corrupt and at times dehumanising, hence many of them look to the West for answers."
The plans are to house the 20 within walking distance in expensive Sydney suburbs such as Bellevue Hill in the east and Palm Beach on the northern beaches.
Some have expressed interest in the more affordable northern Sydney suburb of Frenchs Forest. 
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Chinese to try-before-buy prestige home packages to escape dehumanising homeland

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GUEST OBSERVER
Every year the spring market attracts massive attention. September is seen as a litmus test for the rest of the year and a stern assessment of how resilient the property market really is. It’s the AFL Grand Finals of real estate – which, oddly enough, is on at the same time.
This year’s been no different. After a very strong winter, especially in Sydney and Melbourne, the pressure on the September markets has been huge. This has been exacerbated by the stringent restrictions brought in on investment loans by the major banks. Also, cautionary warnings of apartment oversupply have meant that investors are studying the market with high-beamed intensity.
But how much can we really read into September? Is it really just a snapshot in time or is it indicative of long-term market trends?
Let’s start with the clearance rates. Sydney’s clearance rates have slightly dropped as have Melbourne’s. Last year Sydney was hitting the 80% clearance mark regularly, whereas this year it’s been around the mid 70s. The so called “Super Saturday”, the last Saturday of September saw clearance rates in Sydney slip a fraction below 70 percent for the first time this year.  Melbourne has also lost a few points, from around the high 70s to mid 70s this month. However, it’s crucial to remember two important things: this year has seen a record number of properties come onto the market. This has been because such a buoyant winter has caused many owners to try and cash in quickly. So the market has been absorbing a flood of properties and the increased competition has led to a slight drop in clearances. A result in the 70% region for September is still very strong.
The second thing worth noting is that while clearance rates have dropped, prices really haven’t. So while various media outlets have been quick to prophesy doom and gloom there’s absolutely no evidence of falling prices. In the same article in Sydney Morning Herald’s Domain about the drop in clearance rates there was news of a Darling Point property going for almost $3 million above reserve. Auction results generally have shown that sales prices are still strong. The market is robust enough to cope.
There is a clear confidence in the local markets as shown by the numbers of investors going to auction. The markets have themselves repaid this confidence with still strong auction results and relatively short turnarounds.
To get a handle on the national figures you need to delve deeper. There is a clear disparity between cities like Sydney and Melbourne which have been relentlessly driving the property markets upward and that of cities like Darwin, Perth and Canberra which are all experiencing negative growth and sliding clearance rates. This then averages out the national sales figures. 
The media has also been a big factor. Every week there’s been warnings of an imminent burst in the property bubble or a collapse in prices. This can cause a flow on panic factor, with investors rushing to sell before doomsday arrives. So far doomsday is still running late.
It’s important to remember that since 2009 Sydney has recorded a phenomenal growth of 76 percent according to Core Data figures. If you bought a property back then, on average, you would have seen this jump by around $300K in the last six years. Sydney and Melbourne remain highly desirable cities to live in. They’ve shown their resilience and ability to absorb wild property price swings in the past. They’re both international cities highly attractive to overseas investors. Whilst an oversupply of apartments in both cities may slow down parts of the market in the short term - it will inevitably catch up again. 
Beyond the two big cities, outlying regional centers such as Wollongong in NSW and Geelong in Victoria have been experiencing record property price booms as investors start to look outwards.  In the Illawarra region, for instance, auction clearances are going over 80%, a truly remarkable outcome.
To understand the clearance rates each city has to be broken down into its geographic areas. These can wildly differ. For example, Sydney’s North Shore has been having very good clearance rates and the eastern suburb properties are firing yet the south western suburbs are identifiably weaker. In fact clearance rates in the south west have fallen in the last year from around 69.8% to 54.9%. This is a pretty dramatic drop. But does it speak for the rest of the heated Sydney market? Probably not.
So ultimately it comes down to picking the right long term growth suburb and choosing the ideal property type. A good long-term investment property will not be affected by the vagaries of the spring market. This is why it’s always an excellent idea to chat to a professional who can offer solid research and help create a strategy that bypasses the flurry of the market.
SAM KHALIL is founder and director of <a href="https://www.dpn.com.au/" target="_blank">Direct Property Network</a>.
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