A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Joel Robinson

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

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]

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

Property market

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The Perth rental market has fallen considerably with the level of rental listings increasing and average weekly rental values down, according to Herron todd White's September Month in Review.
Herron Todd White noted suburbs such as Balga, Westminster and Nollamara had multiple dwelling (end unit) values fall by around 10% to 15% when compared to the same period last year. 
Rivervale, Cloverdale and Belmont have also been saturated with small walk up type developments and the oversupply issue exacerbated by apartments in the Springs Precinct.
 
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mick.cee-iDmgDDAmu8

Perth multiple dwelling values fall 10% to 15%: Herron Todd White

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The top most clicked house on realestateview.com.au for the week is a rare double fronted Victorian home with heritage façade.
The property, <a href="https://www.realestateview.com.au/Real-Estate/19-withers-street-albert-park/Property-Details-buy-residential-9435552" target="_blank">19 Withers Street, Albert Park</a> is for sale 26 September through Marshall White Albert Park.
<img src="/images/2015/09/11/19-Withers-Street-Albert-Park-VIC-3206-Real-Estate-photo-1-large-9435552.jpg" alt="" width="549" height="366">
 
The second most popular home, <a href="https://www.realestateview.com.au/Real-Estate/9-lauren-close-gol-gol/Property-Details-buy-residential-9403976" target="_blank">9 Lauren Close Gol Gol</a> sold for between $315,000 and $355,000. The three bedroom family home sold through Barry Plant Real Estate - Mildura.
<img src="/images/2015/09/11/9-Lauren-Close-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9403976.jpg" alt="" width="366" height="244">
 
The third most popular listing on realestateview.com.au for the week is also in Gol Gol - <a href="https://www.realestateview.com.au/Real-Estate/151-adelaide-street-gol-gol/Property-Details-buy-residential-9443836" target="_blank">151 Adelaide Street</a>. The three bedroom with spacious backyard is on the market for between $195,000 and $225,000 through Barry Plant Real Estate - Mildura.
<img src="/images/2015/09/11/151-Adelaide-Street-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9443836.jpg" alt="" width="413" height="275">
 
The fourth most clicked house on realestateview.com.au for the week is described as a 'ripper' investment on approximately 720m2 with rear lane access. The property, <a href="https://www.realestateview.com.au/Real-Estate/19-tiltao-street-dareton/Property-Details-buy-residential-9457308" target="_blank">19 Tiltao Street Dareton</a>, NSW, is for sale through Collie &amp; Tierney First National with price expectations from between $80,000 to $105,000.
<img src="/images/2015/09/11/19-Tiltao-Street-Dareton-NSW-2717-Real-Estate-photo-12-large-9457308.jpg" alt="" width="404" height="269">
 
The fifth most clicked property for sale through realestateview.com.au is also in Gol Gol, however is an entire unit block. Apartment <a href="https://www.realestateview.com.au/Real-Estate/units-1-4-24-adelaide-street-gol-gol/Property-Details-buy-residential-9447138" target="_blank">1-4/24 Adelaide Street</a> consists of 4 x 2 storey Villas each offering 2BR’s upstairs, open plan living downstairs and is on the market for between $550,000 and $580,000 through Roccisano Real Estate.
<img src="/images/2015/09/11/Units-1-4-24-Adelaide-Street-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9447138.jpg" alt="" width="374" height="249">
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Top five most clicked properties on the market: Realestateview.com.au

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A Chinese national has purchased the Oracle, Broadbeach penthouse on the Gold Coast.
The $8 million was reported by the Australian Financial Review as at least 20% off its boom-time prices.
The Oracle development has been controlled by receivers Korda Mentha who refurbished levels 50 and 51.
The 1117 square metre penthouse comprises four bedrooms, a media room, a study, a private rooftop pool, spa and steam room.
There was a marketing campaign by KM Sales and Marketing.
Herron Todd White's Luke Nichols said the sale of the penthouse showed improving values.
For more information, click <a href="https://takeacloserlook.com.au/index.php" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Oracle, Broadbeach penthouse sold to Chinese buyer for $8 million

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Ensuring housing supply, dwellings that meet the social and demographic demands, and providing greater mobility across different tenure types within the market are the minimum changes the Department of Social Services believe to be necessary in the case of changing the current housing policy.
While not seeking to outline any specific reforms, the Department of Social Services pointed out areas for improvement In the submission to the House of Representatives Standing Committee on Economics.
"The Department does note that any future reforms should include a focus on improving the effectiveness of housing supply and the collaboration of jurisdictions with respect to the broader policy settings influencing the operation of Australia’s housing market. 
"In relation to improving housing supply, there are a number of avenues that could be explored. For example, in the context of the Reform of the Federation White Paper process there may be scope to examine the effectiveness of the NAHA in incentivising the states and territories to ensure housing supply is better able to respond to increases in housing demand. 
"With respect to better aligning the broader policy settings influencing housing supply and demand, this will require increased, and ongoing, collaboration by all levels of government. 
"Mechanisms to facilitate such collaboration may be looked at as part of the Reform of the Federation White Paper process, although increased informal collaboration may be just as effective as more formal mechanisms. 
"The roles and responsibilities of the Commonwealth and states and territories, in respect of housing assistance and homelessness services, are currently being examined as part of the Government’s Reform of the Federation White Paper process. 
"Potential reforms to the current roles and responsibilities of the Commonwealth and the states and territories, around the provision of housing assistance and homelessness services, may improve the alignment of current incentives in relation to housing demand and supply. 
"However, this process is unlikely to materially impact the broader policy responsibilities of either level of government in terms of their impact on housing supply and demand. 
"There have been over 25 inquiries and significant reports related to housing policy and planning since the last National Housing Strategy was completed in 1991. 
"The most comprehensive of these reports were the Productivity Commission’s Review into First Home Ownership in 2004, the 2008 Senate Inquiry on Housing Affordability in Australia, the Australia’s Future Tax System Review in 2010 and the 2015 Senate Inquiry into Affordable Housing.
"However, housing affordability, and with it the level of home ownership, across Australia, has continued to fall over this period notwithstanding the recommendations and findings of these reviews. 
"The limited impact of previous reviews underscores the proposition that, without reforms to existing structural policy settings, the current issues with housing affordability will not recede, and indeed are more likely to intensify given the current low interest rate environment. 
"This will likely lead to an increase in the number of Australians being excluded from owning their own home, which is likely to put further pressure on the private rental market and in turn community and public housing and CRA [Commonwealth Rent Assistance]." 
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Department of Social Services weigh in to housing debate

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Units in Newcastle are so hot right now, according to Herron Todd White, who see the demand driven by the number of recently-completed projects that began in 2013 and 2014.
Herron Todd White's September Month in Review found prices agreed to at the time have increased significantly creating the "holy grail" for off the plan purchasers and property speculators. 
The review noted that this is not always the case in Newcastle and only comes around during the growth phase of the market. 
"Speculators who purchased units off the plan in 2006 and 2007 had to wait for quite a period before there was capital growth joy," the report noted.
"A recent conversation with a leading local real estate agent revealed all but several units were pre-sold in a 90 plus unit complex with 10 purchasers on a waiting list should any initial purchasers wish to cash out prior to completion of the complex. This highlights the strength of the unit market, especially towards the more affordable end of the market.
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"If we were to look at the smaller unit development market, the mums and dads level of undertaking, it appears that activity in this sector is up from previous levels significantly. Anecdotally the number of valuations we have completed where development approval has been granted for three to five units is up significantly from 12 months ago."
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Newcastle apartment market so hot right now: Herron Todd White

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Di Jones Real Estate has announced the launch of their Southern Highlands division, born from "strong existing synergies between the agency’s core market of the Eastern Suburbs and the Southern Highlands."
Locals Kate McCullagh, Elizabeth Tregear and Anita Roelevink will lead the Di Jones operations that will not have a traditional shop front but will be digitally positioned and aligned with the Eastern Suburbs head office.
"The internet has reshaped how real estate is delivered and how people search for property," the agency noted.
Recent investments by<a href="https://www.dijones.com.au" target="_blank"> Di Jones Real Estate</a> in digital media and marketing strategies had increased website visits by 30% with four times more visits via mobile devices, and shown a six-fold increase in viewings of its online videos.
The agency database is more than 28,000 buyers throughout NSW, general manager Kylie Walsh said.
 
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Di Jones announces Southern Highlands division

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Properties around the Gold Coast region of Southport have been earmarked for concern due to supply levels and sale volumes for new apartments, according to Herron Todd White.
Herron Todd White's September Month in Review noted a streamlined PDA approval process has led to a larger volume of approvals being given for large yield high-rise buildings over the last two to three years.
The review stated while development to date has focused on smaller projects, where demand appears to be adequately absorbing supply, there is a degree of concern to the overall volume of approved stock that potentially could be brought to the market if a number of the approvals were acted on.  
"There are a large number of 100 plus apartment highrise projects approved within the Southport PDA area and that a proportion of these have been obtained by ‘speculators’, with the intent to on sell the approved site, likely to overseas interests," it noted. 
"To date, we have seen only limited local developers or lending institutions show an appetite for these larger scale developments in Southport, and the reality is that while a larger potential supply of apartments is approved for Southport, a number of the proposals, may in fact, not be acted on in the current development cycle.
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"In the improved market, there has been a noticeable increase in the number of proposed fringe residential apartment projects in areas which are traditionally regarded as more suburban low density housing locations."
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Speculators aplenty in Southport's high-rise property developments: HTW

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The Perth property market remains in a trough with supply outweighing demand, continuing to place pressure on values, according the the September Month in Review from Herron Todd White.
The review stipulates newly-released residential apartment projects have struggle to achieve pre-sales due to concerns over the construction phase from potential buyers.
"A further complicating factor for investors is that the rental market has softened considerably with rental listings increasing substantially and average weekly rental values falling," it noted.
"Locations which are of the greatest concern are in areas where a small six to ten pack walk up multiple dwelling development is a new concept, where the locations are not well suited to this style of development due to limited infrastructure.
"In the northern suburbs, these are locations such as Balga, Westminster and Nollamara with the most recent evidence showing multiple dwelling (end unit) values in these locations falling by circa 10% to 15% from 12 months ago. Rivervale, Cloverdale and Belmont have also been saturated with small walk up type developments and local agents are reporting very low volumes.
"Our involvement and discussions with agents for new residential development within the inner ring of Perth (three kilometres from the GPO comprising Perth, Northbridge, East Perth, Highgate, North Perth and Leederville) reveal pre-sale interest still exists, albeit at much lower levels relative to 2013 and 2014."
 
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and amenity in the area. 
stock and should all of this product be developed, an oversupply may well result. Noting the slowing pre- sale market however, there is potential that many of these projects will not proceed in the current market due to an inability to meet pre-sale covenants, unless alternative funding sources are secured. 
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Perth property market confidence dwindles: Herron Todd White

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Two new properties have made the top ten most discounted properties nationwide list from SQM Research, one on 15 acres in West Australia's Swan Hill and the other known as The Gasworks in South Australia's Strahalbyn.
According to Louis Christopher from SQM Research, the acerage at <a href="https://www.realestate.com.au/property-acreage+semi+rural-wa-herne+hill-119361175" target="_blank">163 William Street, Herne Hill</a>, coming in at number four on the list, would be suited to someone wanting to knock down and build their very own country retreat.
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"This family home features a whopping 15 acres and is livable, consists of three bedrooms and one bathroom. The listing suggests that the home is not for everyone, and the property would be suited for someone wanting to knock down and build their very own country retreat," he said.
"The land is cleared and majority leveled, with the current owners using the property to breed Alpacas. 
"The property has been on the market since March 20th 2015. Since then the vendor has dropped the price from $1,590,000 to $990,000, a total savings of $600,000." 
Rounding up the top ten list is <a href="https://www.realestate.com.au/property-house-sa-strathalbyn-107599508" target="_blank">12-14 South Terrace, Strahalbyn</a>, also known as "The Gasworks". Louis Christopher said the large beauty has been on the market since the 13th of August 2011, and has since then dropped by $521,000. 
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"The property consists of four residences, with a total of six bedrooms, six bathrooms and accommodation for up to three vehicles. The residences sit on approximately 1 acre of well-established gardens with an abundance of native plants and trees," he said.
"Each residence appears to take the form of a stone cottage, with kitchenettes, spa baths, and plenty of sitting and living space in each."
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Two new entrants on top ten most discounted list: SQM Research

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With a slight easing in Sydney, there are signs the average time on market for private treaty offerings is taking hold, according to the latest information from Australian Property Monitors.
Melbourne was the only market where there was a noticeable reduction in days on market.  
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