<p><a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.</p>

<p>A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.</p>

<p>Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360965]</p>

<p>“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.</p>

<p>From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.</p>

<p>The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360981]</p>

<p>Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.</p>

<p>A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.</p>

<p>Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360966]</p>

<p>Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.</p>

<p>“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.</p>

<p>Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360969]</p>

<p>Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.</p>

<p data-end="8307" data-start="8063">The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.</p>

<p data-end="8543" data-start="8312">“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”</p>

<p data-end="8915" data-start="8548">The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.</p>

<p>The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.</p>

<p>[smartcode_project_cta:default project_id=149670]</p>


Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

<p>A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.</p>

<p>The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.</p>

<p>Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.</p>

<p>The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.</p>

<p>The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" /></p>

<p>Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.</p>

<p>Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.</p>

<p>The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."</p>

<p>The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" /></p>

<p>Campbelltown has been starved of new residential developments in the last decade.</p>

<p>The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.</p>


First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

<p>
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</p>

<p>A 60-apartment building nine storeys tall would be a rarity almost anywhere along this stretch of Moreton Bay, but that's exactly what's been lodged for a modest Deception Bay street better known for its single-storey weatherboard homes.</p>

<p><a href="https://www.apartments.com.au/developers/sherlock-construction-homes">Sherlock Construction Homes</a> is seeking to push Deception Bay’s emerging medium-density housing profile higher, lodging plans for a nine-storey apartment building near the suburb’s shopping centre and foreshore.</p>

<p>Dubbed Grosvenor Apartments, the proposal at 14-20 Grosvenor Terrace would replace two detached homes with a new building designed by&nbsp;<a href="https://www.apartments.com.au/architects/mode">Mode Design</a>&nbsp;which would&nbsp;reach nearly 30 metres, well above the site’s mapped 21-metre building height.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="86c21a25-5a97-4ca7-a361-80757137ea5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%20front.png?VersionId=aXIujfvEhH33sLHOEjHFv9Ii6qxSvAF4" /></p>

<p>The apartment mix is weighted toward larger homes, with 14 three-bedroom apartments, 31 two-bedroom apartments and 15 one-bedroom apartments. Six apartment types are spread across the floors, ranging from 66 sqm one-bedroom units through to three-bedroom apartments of 116 sqm, most with private balconies or terraces.</p>

<p>Levels one through seven follow a consistent layout of six to eight apartments per floor arranged around a central lift and stair core, with the top floor, level eight, trading one apartment for a landscaped community breakout space rather than repeating the standard layout below.</p>

<p>Ground floor is dedicated to arrival and services, with a lobby, mailroom and manager's office, alongside 91 car spaces.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="b098bde0-5fe1-4e6c-9601-e5446612e5fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20podium.png?VersionId=A0hfENMNxSxkfh9Jl6D4WJ9XIraeOukA" /></p>

<p>Mode Design's brief describes a "serene coastal-inspired design blending soft curves, natural textures and light-filled spaces to reflect the relaxed Deception Bay lifestyle."&nbsp;</p>

<p>The material palette leans on white and grey render, timber-look aluminium screening and stacked-brick-look finishes, with hanging greenery and vine planting proposed across balcony edges and ground-level walls.&nbsp;</p>

<p>Balconies feature asymmetrical geometries intended to vary the building's rhythm rather than repeat a single module up the tower, while lush planting is concentrated over the entry and level one balconies to soften the building's base.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="c05c5693-3e00-42d0-b075-55c36094f4db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%201.png?VersionId=cMKJgBsBaaVCd2dA5O22SOT38OT_.BPA" /></p>

<p>The design evolved following an April 2025 prelodgement meeting with council. At that stage, the project was conceived as a seven-storey building containing 45 apartments. The subsequently lodged scheme increases the development to nine storeys and 60 apartments while introducing one-bedroom residences to the mix.</p>

<p>Zone Planning argues the additional scale reflects the site's position within an area earmarked for increased residential intensity. The planning report points to the North Lakes-Redcliffe-Moreton Bay Rail corridor strategy, which identifies Deception Bay as a district-level activity centre and supports greater housing choice within urban neighbourhoods.</p>

<p>Market Square Deception Bay, Deception Bay Sports Centre, Deception Bay State School, public transport, community facilities and the Moreton Bay foreshore are all identified within approximately one kilometre of the site, while the property falls within a 400-metre walking catchment of Market Square.</p>

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

<p data-end="587" data-start="368">Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.</p>

<p data-end="778" data-start="589">The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.</p>

<p data-end="907" data-start="780"><a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.</p>

<p data-end="1052" data-start="909">The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.</p>

<p data-end="1311" data-start="1054">The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.</p>

<p data-end="1451" data-start="1313">The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.</p>

<p data-end="1676" data-start="1453">MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.</p>

<p data-end="1908" data-start="1678">Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.</p>

<p data-end="2142" data-start="1910">The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.</p>

<p data-end="2142" data-start="1910"><img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" /></p>

<p data-end="2308" data-start="2144">MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.</p>

<p data-end="2648" data-start="2310">"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.</p>

<p data-end="2797" data-start="2650">"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."</p>

<p data-end="2938" data-start="2799">The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.</p>

<p data-end="3216" data-start="2940">Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.</p>

<p data-end="3325" data-start="3218">Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.</p>

<p data-end="3442" data-start="3327">"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.</p>

<p data-end="3662" data-start="3444">"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."</p>

<p data-end="3818" data-start="3664">MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.</p>

<p data-end="4076" data-start="3820">"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.</p>

<p data-end="4375" data-start="4078">"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."</p>

<p data-end="4503" data-start="4377">Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.</p>

<p data-end="4741" data-start="4505">"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."</p>

<p data-end="4910" data-start="4743">The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.</p>

<p data-end="4951" data-start="4912">MAYD is targeting an early 2027 launch.</p>


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

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<p data-end="600" data-start="394">Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.</p>

<p data-end="733" data-start="602">But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.</p>

<p data-end="970" data-start="735">Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.</p>

<p data-end="970" data-start="735">[smartcode_project:default project_id=152737 project_image_fid=377679]</p>

<p data-end="1159" data-start="972">The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.</p>

<p data-end="1357" data-start="1161">It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.</p>

<p data-end="3400" data-start="3216">[smartcode_project:default project_id=152737 project_image_fid=377675]</p>

<p data-end="3400" data-start="3216">Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.</p>

<p data-end="1664" data-start="1517">Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.</p>

<p data-end="1826" data-start="1666">Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.</p>

<p data-end="1826" data-start="1666">[smartcode_project:default project_id=152737 project_image_fid=377685]</p>

<p data-end="2045" data-start="1828">Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.</p>

<p data-end="2269" data-start="2047">"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.</p>

<p data-end="2430" data-start="2271">A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.</p>

<p data-end="2606" data-start="2432">It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.</p>

<p data-end="2724" data-start="2608">At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.</p>

<p data-end="2892" data-start="2726">Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.</p>

<p data-end="2892" data-start="2726">[smartcode_project:default project_id=152737 project_image_fid=377680]</p>

<p data-end="3004" data-start="2894">Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.</p>

<p data-end="3214" data-start="3006">"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.</p>

<p data-end="3400" data-start="3216">The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.</p>

<p data-end="3400" data-start="3216">More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.</p>

<p data-end="3670" data-start="3538">&nbsp;</p>

<p data-end="3670" data-start="3538">[smartcode_project_cta:default project_id=152737]</p>

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Sydney

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<p>The latest CoreLogic Pain &amp; Gain report reveals the average profit on resale has increased to $262,672 while average loss was $71,529 over September 2016 quarter.</p>
<p>CoreLogic's latest <em>Pain and Gain Property Report</em> delivers market analysis for residential property resales over the September 2016 quarter.</p>
<p>It compares the most recent sale price to its previous sale price in order to determine the magnitude of profits made, or losses incurred by a vendor when selling a home.</p>
<p>Sydney recorded the highest value of profit-making resales of all regions in Australia over the quarter, earning an overall profit of $6.22 billion in the three month period.</p>
<p>However, the most dramatic change over the year occurred in Perth and Darwin where the instances of loss on resales almost doubled.</p>
<p>Meanwhile Tasmania’s Hobart recorded a lower proportion of dwellings resold at a loss.</p>
<p>Adelaide was one of only three capital cities to record a lower loss rate this quarter while Melbourne now has the lowest proportion of loss-making house resales of all capital cities at 2.1%.</p>
<p>In Brisbane, the number of loss-making unit resales was more than double that of houses.</p>
<p><strong>Key Findings:</strong></p>
<ul>
<li>$477.9 million in realised losses form resales compared to $17.0 billion in realised profits.</li>
<li>Average loss was $71,529 while the average profit was significantly higher at $262,672.</li>
<li>9.4% of national dwellings resold over the third quarter of 2016 transacted for less than their previous purchase price and slightly higher than the 9.3% over the June 2016 quarter.</li>
<li>Compared with the same quarter last year, the proportion of loss making sales shifted 1.3 percentage points higher, continuing the trend towards more loss making sales across the Australian housing market.</li>
<li>By proportion, loss making sales reached a recent low point over the three months to November 2016 when 7.9% of all resales made a loss.</li>
<li>Over nine out of every 10 homes resold for more than their previous purchase price over the September 2016 quarter.</li>
<li>Capital city housing markets recorded lower proportions of loss-making resales than regional areas of the country.</li>
<li>Regional homes resales in coastal and lifestyle markets continued to trend lower in the coastal and lifestyle markets.</li>
<li>Losses climbing in most regions linked to the resources sector.</li>
</ul>
<p>According to Cameron Kusher, head of research at CoreLogic, of worthwhile note is that across Australia, those homes that resold at a loss had a typical length of ownership of 6.1 years for houses and 6.5 years for units.</p>
<p>Across all gross profit sales realised, the typical length of ownership was recorded at 9.1 years for houses and 7.6 years for units.</p>
<p>He said the latest results highlight that ownership of property, whether for investment or owner occupier purposes, "should be seen as a long-term investment”.</p>
<p>“Although the occurrence of losses rose over the quarter, in most cites the instances of homes reselling at a loss is low with the exceptions being Perth where almost two out of every five dwellings resold at a loss and Darwin where approximately three out of every 10 resales was at a loss over the quarter.”</p>
<p><strong>Across the individual capital cities, the proportion of loss-making resales over the September 2016 quarter were recorded at:</strong></p>
<ul>
<li>Sydney 2.3% compared to 1.7% Sept 2015.</li>
<li>Melbourne 4.9% compared to 4.9% Sept 2015.</li>
<li>Brisbane 8.5% compared to 7.3% Sept 2015.</li>
<li>Adelaide 7.2% compared to 9.0% Sept 2015.</li>
<li>Perth 19.6% compared to 10.8% Sept 2015.</li>
<li>Hobart 8.4% compared to 12.0% Sept 2015.</li>
<li>Darwin 30.7% compared to 17.4% Sept 2015.</li>
<li>Canberra 12.2% compared to 11.4% Sept 2015.</li>
</ul>
<p>According to Kusher, by comparing individual city figures to those of one year ago, it provides insights into the strong and improving housing markets and those which have weakened.</p>
<p>He said: “The cities with the dramatic changes over the year have been Perth and Darwin where the instances of loss have almost doubled and Hobart where there have been far fewer dwellings reselling at a loss”.</p>
<p>“In most instances, houses virtually always show a lower proportion of loss-making resales than units.</p>
<p><span>“</span>The likely reason for this is that the value of a house is largely derived from the land and its location. Also, typically houses have increased in value at a faster rate than units.</p>
<p><span>“</span>Over the September 2016 quarter, 8.0% of houses resold at a loss nationally compared to 12.7% of units.”</p>
<p>Across the combined capital cities, the report shows that houses were almost half as likely to be resold at a loss compared to units over the September 2016 quarter, with the figures recorded at 5.6% and 10.2% respectively.</p>
<p>Both houses and units have seen the proportion of loss-making resales trend higher over the past year however, units have trended higher at a more rapid pace than units.</p>
<p>This data set is available from 1994 and over that period, units have never recorded a lower proportion of loss-making resales than houses.</p>
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jchancellor-FAypfDUnLy

Sydney secures $6.2 billion of profit-making property resales: CoreLogic

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<p>A fully leased office/retail building close to Bondi Junction in Sydney has sold for nearly $17 million through CBRE.</p>
<p>It's been bought by interests associated with Brent Maksimovich.</p>
<p>The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-woollahra-502009110" target="_blank">156 Edgecliff Road</a> in Woollahra went on the market last year.</p>
<p>According to the agents, it sold for a “record yield” over and above the vendors expectations.</p>
<p>The corner property was sold via a public expressions of interest campaign and the final deal was struck at $16,970,352, according to RP Data.</p>
<p>The building has five established tenants and generates net income of $950,000 p.a. Its net lettable area is 1,125.7 sqm with an additional 180 sqm of FSR available subject to council approval.</p>
<p>Designed by Tzannes, the building was completed in December 2010.</p>
<p>The selling agents were Nicholas Heaton and Scott Gray-Spencer of CBRE.</p>
<p>It previously exchanged hands in 2013 for $5,750,000, according to RP Data.</p>
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jonathanchancellor-7SQnKwU6yx

Fully leased commercial building in Sydney's Edgecliff sells for close to $17 million

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<p>Multiplex has completed M&amp;L Hospitality’s makeover of 161 Sussex Street in Sydney's Darling Harbour.</p>
<p>The former Four Points by Sheraton Sydney was rebranded recently to Hyatt Regency Sydney, marking the Hyatt Regency’s return to Sydney.</p>
<p>The redevelopment included refurbishment of the existing hotel, a new 3,667 square metre convention centre and a 25-level tower including 13 new hotel levels and 10 levels of A-grade high rise commercial office space.</p>
<p>The additional 25-storey tower has added 222 new guest rooms to what was already Australia’s largest hotel, bringing the total number of rooms to 892.</p>
<p>A lot of construction took place over the top of the Western Distributor Freeway, a major feeder road from the Sydney CBD to the Sydney Harbour Bridge.</p>
<p>David Ghannoum, regional managing director at Multiplex, said a big challenge was building over an operating freeway and in a live hotel environment and care was taken to complete the works with minimal disruption to the 80,000 vehicles using the Western Distributor daily and the 600-700 guests staying at the hotel each night.</p>
<p>Work started in December 2014 and took two years to finish.<br> </p>
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j.ballantyne1990-6AQqhLzZaK

Darling Harbour sees return of Hyatt Regency to Sydney

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<p>Sydney continues to have the highest home value changes over the last 12 months, according to CoreLogic’s latest report.</p>
<p>The property data firm says that over the 12 months Sydney’s home value has increased by 15.4%.</p>
<p>It is slightly down on the 15.5% as at December 31.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/24/Capital%20city%20home%20values.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/24/Capital%20city%20home%20values.jpg" alt=""></p>
<p> </p>
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Sydney home values grow 15.4% over last 12 months: CoreLogic

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<p><span>GUEST OBSERVER</span></p>
<p><span>The Urban Taskforce acknowledges the incredible position that Mike Baird has achieved for the state of NSW.</span></p>
<p><span> The next Premier for NSW must be someone who continues the drive for growth with infrastructure </span><span>that has been the hallmark of Mike Baird’s term.</span></p>
<p><span>Mike Baird as NSW Premier has been a great champion of the growth of metropolitan Sydney with a </span><span>commitment towards delivering badly-needed public tr</span><span>ansport networks throughout Sydney. </span></p>
<p><span>Sydney is Australia’s global city and as a result is must develop into a well</span><span>- connected metropolis, with additional density, housing and services located around a metro rail network. </span><span>It is crucial the new Premier continue this approach to ensure Sydney’s continued success as a growing, prosperous global city with a high standard of living.</span></p>
<p><span>The alignment of infrastructure, transport and urban planning will be critical to the sh</span><span>ape of the new </span><span>cabinet once a new Premier has been appointed.</span></p>
<p><span>While the urban growth of Sydney is clearly a priority for the state, the recent Orange Bye</span><span>-election demonstrates that the NSW Government must ensure that the rural and regional areas are incorporated </span><span>into the government’s agenda.</span></p>
<p><span>According to many economic commentators NSW is starting see some head winds come its way. </span><span>The reduction in red tape and providing a planning system that gives certainty but also promotes innovation and investment in the built environment are now more than ever essential to our s</span><span>tate’s economic </span><span>success.</span><span><br></span></p>
<p><span><em>Chris Johnson is chief executive officer of property development industry group Urban Taskforce and can be contacted <a href="https://www.urbantaskforce.com.au/index.php?option=com_content&amp;view=article&amp;id=97&amp;Itemid=126#.Vdaart55dFI" target="_blank">here</a>.</em></span></p>
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Next NSW Premier must continue to drive Sydney’s growth: Chris Johnson

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<p><span>Residential vacancy rates in Inner Sydney fell 0.2 percent to hold at 1.8 percent over the Christmas period, according to the December 2016 REINSW Vacancy Rate Survey.</span></p>
<p><span>REINSW President John Cunningham said the December 2016 </span><span>REINSW Vacancy Rate Survey </span><span>was at 2.0 percent, up 0.2 percent for Sydney.</span></p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/18/Screen%20Shot%202017-01-18%20at%209.22.01%20AM.png" target="_blank"><span>Click to enlarge</span></a></p>
<p><span><img src="https://www.urban.com.au/images/2017/01/18/Screen%20Shot%202017-01-18%20at%209.22.01%20AM.png" alt=""></span></p>
<p> </p>
<p><span>“Middle Sydney and Outer Sydney saw rises of 0.6 percent and 0.2 percent to 2.1 percent and 2.0 percent respectively, while Inner Sydney bucked the trend to fall 0.2 percent at 1.8 percent," he said.</span></p>
<p><span>“The changes seen to vacancy rates in Sydney and right across the state reflect the holiday period, we anticipate a flurry of activity as the year progresses,” Mr Cunningham said.</span></p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/18/Screen%20Shot%202017-01-18%20at%209.26.14%20AM.png" target="_blank"><span>Click to enlarge</span></a></p>
<p><span><img src="https://www.urban.com.au/images/2017/01/18/Screen%20Shot%202017-01-18%20at%209.26.14%20AM.png" alt=""></span></p>
<p> </p>
<p><span>"The Hunter rose 0.2 percent to 2.2 percent led by an increase in Newcastle of 0.7 percent to 2.4 percent. </span></p>
<p><span>"In the Illawarra, vacancy rates fell 0.3 percent at 1.3 percent with Wollongong down 0.5 percent at 1.5 percent. </span></p>
<p><span>"Across regional areas, Albury fell 0.1 percent at 3.3 percent, New England fell 0.5 percent at 3.7 percent and South Coast slipped 0.2 percent at 1.2 percent."</span></p>
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Inner Sydney Christmas vacancy rates slide

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<p>GUEST OBSERVER</p>
<p>Planning approval of the Sydney Metro from Chatswood to Sydenham is great news, however there is a lack of certainty for development around the stations and areas around the rail corridor.</p>
<p>The planning approval of the Sydney Metro including tunnels under the harbour demonstrates the commitment of the Baird Government to an extensive metro network across metropolitan Sydney.</p>
<p>Along with the Metro West line between Sydney and Parramatta the Metro network sets the framework for extensive areas of urban renewal around the new stations, which will help boost must-needed housing supply.</p>
<p>The Urban Taskforce is concerned, however, that planning for the urban renewal of areas around the rail corridor is taking far too long.</p>
<p>Developers have no certainty and cannot proceed with housing projects as strategic land use planning around the metro is lagging far behind.</p>
<p>An example is the Sydenham – Bankstown Urban Renewal Corridor Strategy.</p>
<p>The draft Strategy was exhibited by the Department of Planning in October 2015, however rezoning proposals for areas along the Corridor are on hold until local councils prepare detailed planning controls.</p>
<p>This could take an additional 2 years, even more if the council is subjected to an amalgamation, before the local environmental plan is complete.</p>
<p>Developers simply cannot sit on land for that long with no outcome.</p>
<p>Until planning around these corridors comes up to speed, the NSW Government must fast track plans around metro stations, or develop a process where land owners and developers can obtain a development approval or rezoning in significantly less than 3 years.</p>
<p>The Department of Planning’s Guide to Preparing Planning Proposals issued in August 2016 states that the rezoning proposals have merit ‘if they are consistent with relevant district, corridor or precinct plans applying to the site, including any draft regional, district or corridor plans released for public comment.’</p>
<p>It seems that the Greater Sydney Commission Planning Panels are not following this guide.</p>
<p>Boosting Sydney’s housing supply is absolutely critical if we are to alleviate the housing affordability crisis.</p>
<p>It is an excellent time to fast-track planning proposals for new housing around proposed metro rail stations.</p>
<p>Chris Johnson is chief executive officer of property development industry group Urban Taskforce and can be contacted <a href="https://www.urbantaskforce.com.au/index.php?option=com_content&amp;view=article&amp;id=97&amp;Itemid=126#.Vdaart55dFI" target="_blank">here</a>.</p>
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Urban renewal process around Sydney Metro taking far too long: Urban Taskforce

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<p>GUEST OBSERVER</p>
<p>Demand for property on realestate.com.au rocketed in 2016, with the REA Group Property Demand Index increasing by 16.2 percent across the year, according to the REA's latest property demand index.</p>
<p>After peaking in October and November, demand for property dropped slightly to close out 2016, with the index falling 6.6 percent nationally in December.</p>
<p>The easing of demand nationally suggests that the record price rises in Sydney and Melbourne last year are likely to be more subdued as we move further into 2017.</p>
<p>The key drivers of this demand decline are likely due to Australian banks increasing interest rates for buyers independently of the Reserve Bank of Australia in late November and early December and continuing affordability issues across the Eastern seaboard.</p>
<p>Given the RBA has indicated that it may still cut the cash rate further, the banks have sent strong signals that they will respond by not passing cuts onto borrowers and we expect out of cycle interest rate rises by banks to continue.</p>
<p>This will be a key issue for borrowers this year, especially first home buyers and investors, with access to cheap money becoming more difficult.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/04/REA-1.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/04/REA-1.jpg" alt=""></p>
<p>The states which saw the largest declines in demand in December were New South Wales and Victoria. Continued concerns about apartment over supply are starting to cause concern in these markets with demand for apartments dropping by more than 7% in both states.</p>
<p>Western Australia and Northern Territory remain the lowest in-demand markets on realestate.com.au, however Western Australia’s demand index was relatively stable and both states saw an increase in apartment demand.</p>
<p>The result suggests that barring any surprising negative economic news or changes to the supply outlook in Western Australia, the bottom of the housing market could be close.</p>
<p>Tasmania continues to see elevated levels of demand and is now the strongest demand market in Australia. Relative affordability is likely a key factor driving interest.</p>
<p>National Demand for property dropped by 6.6% on realestate.com.au in December, down from the peak levels achieved in October and November.</p>
<p>Victoria saw the largest decline over the month, driven by low levels of demand for both houses and apartments.</p>
<p>New South Wales followed closely, suggesting the housing boom may be over, or at the very least slowing quickly, in both Sydney and Melbourne.</p>
<p>Despite December declines, Tasmania, New South Wales and Victoria continue to see the highest levels of demand in Australia with Western Australia and Northern seeing the lowest.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/04/REA-2.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/04/REA-2.jpg" alt=""></p>
<p>Victoria and New South Wales saw the largest decrease in people looking to buy on realestate.com.au in December. Affordability remains a the key driver in both states</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/04/REA-3.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/04/REA-3.jpg" alt=""></p>
<p>Housing demand on realestate.com.au declined in all states, however the largest drops were in New South Wales and Victoria. Tasmania and Western Australia saw the smallest declines.</p>
<p>Tasmania, Victoria and New South Wales continue to see the highest level of demand for houses.</p>
<p>Despite declining in December, the index for housing is still well up in all states for the 2016 calendar year.</p>
<p>Western Australia is the exception, where conditions have worsened over the past 12 months, however the bottom of the market appears to be close.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/04/REA-4.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/04/REA-4.jpg" alt=""></p>
<p>Apartment demand dropped by 5 percent nationally in the month to December, performing marginally better than houses over the same time period.</p>
<p>Demand for apartments nationally on realestate.com.au remains high, the third highest point recorded.</p>
<p>Concerns of apartment over-supply are impacting demand in New South Wales and Victoria, with these states experiencing the largest declines in December 2016.</p>
<p>Surprisingly, demand for apartments increased in the relatively weak markets of Western Australia and Northern Territory in December.</p>
<p><em>Nerida Conisbee is the Chief Economist at <a href="https://www.realestate.com.au/buy" target="_blank">REA Group</a>.</em></p>
<p><span> </span></p>
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Price growth in Sydney and Melbourne forecast to be subdued in 2017: REA's Nerida Conisbee

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<p>Sydney has had a slight softening in the growth in home values, according to CoreLogic's opening 2017 data report.</p>
<p>The property data firm says that Sydney saw an increase of 15.1 percent in home values over the last 12 months. It came in at 15.5 percent during 2016.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/01/09/Capital%20city%20home%20values.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/09/Capital%20city%20home%20values.jpg" alt=""></p>
<p>Melbourne ranked second in increases over the last 12 months while Perth suffered a decline of 4 percent plus in home values.</p>
<p>However Sydney saw a mild 0.2 percent softening during the first week of 2017.</p>
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Sydney prices start 2017 softer after stellar 15.5 percent increase in 2016: CoreLogic

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<div>There are certainly some weird ideas out there about property supply.</div>
<div> </div>
<div>Take the example of Pyrmont, if only because I lived there for many years, and as a property owner in the suburb, it's one of the locations I know pretty well. </div>
<div> </div>
<div>From time to time I've heard it said that suburbs like Pyrmont have "too much supply".</div>
<div> </div>
<div>I guess I can kind of see why you might think that if you'd just landed in Sydney, for with about 13,000 residents jammed in to one tight square kilometre, it's the densest suburb in Australia.</div>
<div> </div>
<div>Thing is, the bit of the suburb where people want to live was developed about 25 years ago now!</div>
<div> </div>
<div>There's been very little of note lately, though. </div>
<div> </div>
<div>From memory that was a little unit development on Pyrmont Bridge Road, and there's been a bit going on at Ultimo. </div>
<div> </div>
<div>Oh, and then there was Lend Lease's 391 apartments in the new 40-storey tower at Darling Square, although they sold out in, what, five hours?</div>
<div> </div>
<div>If you were to fast forward to a decade's time I expect that Wentworth Park and White Bay will be developed with apartments, probably the fish markets too one day, while if Mirvac get their way there will be a commercial/residential tower on top of what is now the Harbourside tourist trap.</div>
<div> </div>
<div>These types of developments can take years to become a reality, though. </div>
<div> </div>
<div>At the end of the day, there isn't an oversupply issue here because more and more people want to live in the area by the year.</div>
<div> </div>
<div>Ultimately there are shedloads of people like me who'd enjoy a lazy 5-minute stroll into the city in the morning instead of driving through miles of petroleum fumes and vehicular logjam. </div>
<div> </div>
<div>After accounting for the inevitable frictional vacancies, vacancy rates in Pyrmont are essentially zero. </div>
<div> </div>
<div><a href="https://4.bp.blogspot.com/-xBc8yaCwwn0/WG7AugNs4OI/AAAAAAAAhDw/tWnNA8e6WNEx3TzLnbLqoU-3wbKYLHcVgCLcB/s640/PYMRONT.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<p><a href="https://4.bp.blogspot.com/-xBc8yaCwwn0/WG7AugNs4OI/AAAAAAAAhDw/tWnNA8e6WNEx3TzLnbLqoU-3wbKYLHcVgCLcB/s1600/PYMRONT.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-xBc8yaCwwn0/WG7AugNs4OI/AAAAAAAAhDw/tWnNA8e6WNEx3TzLnbLqoU-3wbKYLHcVgCLcB/s640/PYMRONT.jpg" width="640" height="340"></a></p>
<div>Source: SQM Research</div>
<div> </div>
<div>There will be the new developments over time, but we're more or less always playing catch up with demand. </div>
<div> </div>
<div>You could say the same of, say, Coogee in the beachside eastern suburbs, or Manly to the north. Stacks of demand, not much of note being built. </div>
<div> </div>
<div>Even in inner-city Erskineville, which has seen development aplenty both within the suburb and all around it, vacancy rates are very tight, because it's such a convenient and popular location to live in. Loads of demand.</div>
<p><a href="https://4.bp.blogspot.com/-xyZE02fQnNE/WG7ArXnXA-I/AAAAAAAAhDk/9JLq0Ia5jekQu87qnSXqg03szTeCAM9LACLcB/s640/ERKO.jpg" target="_blank">Click to enlarge</a><br><br><a href="https://4.bp.blogspot.com/-xyZE02fQnNE/WG7ArXnXA-I/AAAAAAAAhDk/9JLq0Ia5jekQu87qnSXqg03szTeCAM9LACLcB/s1600/ERKO.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-xyZE02fQnNE/WG7ArXnXA-I/AAAAAAAAhDk/9JLq0Ia5jekQu87qnSXqg03szTeCAM9LACLcB/s640/ERKO.jpg" width="640" height="342"></a></p>
<div> </div>
<div>Source: SQM Research</div>
<div> </div>
<div>Those are the kind of suburbs I don't mind owning property forever in, through the cyclical peaks and troughs.</div>
<p>Apartment glut<br><br> Now, this is not to say that things aren't a little different elsewhere.</p>
<div>Where exactly? Follow the cranes!</div>
<div> </div>
<div>Wentworth Point is just a mass of new apartments, and without being unkind, I can't imagine what it would be like to live there.</div>
<div> </div>
<div>I guess you'd soon get used to it, though, since as far as I could tell there's only one road in and out (like the Twiglet zone: "Easy to enter, impossible to leave")!</div>
<div> </div>
<div>Vacancy rates are up, up and away...</div>
<div> </div>
<div><a href="https://3.bp.blogspot.com/-Ahyf5FSt0-A/WG7KfKxVcCI/AAAAAAAAhEA/zs6zwtQHABUHOvMA4r_2xAmvBDSm6quigCLcB/s640/Wentowrth%2Bpoint.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><a href="https://3.bp.blogspot.com/-Ahyf5FSt0-A/WG7KfKxVcCI/AAAAAAAAhEA/zs6zwtQHABUHOvMA4r_2xAmvBDSm6quigCLcB/s1600/Wentowrth%2Bpoint.jpg" target="_blank"><img src="https://3.bp.blogspot.com/-Ahyf5FSt0-A/WG7KfKxVcCI/AAAAAAAAhEA/zs6zwtQHABUHOvMA4r_2xAmvBDSm6quigCLcB/s640/Wentowrth%2Bpoint.jpg" width="640" height="350"></a></div>
<div> </div>
<div>
<div>Source: SQM Research</div>
<div> </div>
</div>
<div>In Parramatta, there have been high rise towers going up all over the show throughout the last year, a huge concentration risk of generic, high rise, shoebox apartments. </div>
<div> </div>
<div>With net multi-unit completions rising fast in 2015 and 2016, vacancy rates have already increased to well above 3 per cent, and there's always an inherent risk of understatement in reported vacancy rates at this stage in the construction cycle. </div>
<div> </div>
<div>There were another 3,500 dwellings approved in the last financial year too, and overwhelmingly, they were multi-unit in nature at 2,750. Golly gosh...</div>
<p><a href="https://1.bp.blogspot.com/-TEDIDC6V4OI/WG7AtXKDdgI/AAAAAAAAhDo/chxzk69LiMoioCMQi8YHsNZgVBCO_LCqQCLcB/s640/PARRA.jpg" target="_blank">Click to enlarge</a></p>
<p><br><a href="https://1.bp.blogspot.com/-TEDIDC6V4OI/WG7AtXKDdgI/AAAAAAAAhDo/chxzk69LiMoioCMQi8YHsNZgVBCO_LCqQCLcB/s1600/PARRA.jpg" target="_blank"><img src="https://1.bp.blogspot.com/-TEDIDC6V4OI/WG7AtXKDdgI/AAAAAAAAhDo/chxzk69LiMoioCMQi8YHsNZgVBCO_LCqQCLcB/s640/PARRA.jpg" width="640" height="356"></a><br><br> I also read somewhere this week that Blacktown is about to "boom".</p>
<div>Hmm, well that depends how you define 'boom', I guess! A construction boom, maybe. A boom in traffic congestion?</div>
<div> </div>
<div>That too! I'm somewhat less than convinced about there being a 2017 property boom in the conventional sense, though. </div>
<div> </div>
<div>One thing that you can say in favour of the LGA of Blacktown is that at least there is a level of diversity of development stock between apartments and detached dwellings. </div>
<div> </div>
<div>Even so, with more than 11,700 dwellings approved over the last three years and a huge construction pipeline, it looks likely to me that vacancy rates will only be heading north putting more downward pressure on rates.</div>
<p><a href="https://4.bp.blogspot.com/-TF-oPQjYAWw/WG7AuciggyI/AAAAAAAAhDs/TFT0_qDYPbIDlgfzuRJlH8xW199o2Y31gCLcB/s640/BLACKTOWN.jpg" target="_blank">Click to enlarge</a></p>
<div><a href="https://4.bp.blogspot.com/-TF-oPQjYAWw/WG7AuciggyI/AAAAAAAAhDs/TFT0_qDYPbIDlgfzuRJlH8xW199o2Y31gCLcB/s1600/BLACKTOWN.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-TF-oPQjYAWw/WG7AuciggyI/AAAAAAAAhDs/TFT0_qDYPbIDlgfzuRJlH8xW199o2Y31gCLcB/s640/BLACKTOWN.jpg" width="640" height="340"></a></div>
<div> </div>
<div>There are plenty more suburbs like Parramatta and Blacktown that face a surfeit of new stock as mentioned here previously, including in the Hills District. </div>
<div> </div>
<div>And that's before we even mention the wild exuberance in Western Sydney house prices, with suburb records being smashed by the month in 2016 just as mortgage rates are now beginning to creep back up. </div>
<div> </div>
<div>It'll be very interesting to watch all of this play out in 2017. </div>
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