Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sydney

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North Sydney, the Inner South and the Eastern Suburbs all recorded a preliminary clearance rate of above 70% for the week ending 15 November, according to CoreLogic RP Data.
According to CoreLogic RP Data  the preliminary clearance rate for the city and inner south is 73.3%, the eastern suburbs at 76.6% and North Sydney and Hornsby at 71.1%.
The Central Coast had preliminary clearance rate of 34.8%) and the South West 34.2%.
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South West ranks as Sydney's weakest auction region: CoreLogic RP Data

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday 14 November. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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Sydney auction results for 14 November 

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Veteran actor John Gaden (pictured above) appears in an edgy comedy video highlighting the recent overheated Sydney auction market.
The parody clip, directed by former Julliard student Stephen King features an auction of a studio apartment with no toilet in "south west, west Sydney," five and a half hours from the Sydney CBD.
King, who plays the auctioneer (pictured below) says "as I'm sure you're aware the housing market in Sydney is almost impossible to break into, you almost need a large inheritance to buy the most modest of properties."
<img src="https://www.urban.com.au/images/2015/11/13/Screen%20Shot%202015-11-13%20at%2010.41.53%20AM.png" alt="" width="487" height="299">
The so-called apartment at 1 Backwater Road, Shithole Park is bought by the pressured son-in-law (below) desperate for a property, played by the actor Jay James-Moody.
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We won't spoil the plot so are leaving the sale price undisclosed for your viewing of the hilarious recent YouTube upload <a href="https://www.youtube.com/watch?v=zqXjP4PG_k8" target="_blank">which you can watch here</a>. However be warned, there is some adult language.
James-Moody was a student at the Newtown School of Performing Arts and recently won best actor in a leading role in an independent musical, in the Squabbalogic production of The Drowsy Chaperone at the Sydney theatre awards.
Gaden, who is currently performing in the Sydney Theatre Companies rendition of Orlando, plays an old man in a wheelchair onlooking at the auction who wets himself.
Gaden is possibly the only actor in the auction room with a Sydney property in actuality - having moved from Balmain in the 1970s to Bondi then Rushcutters Bay for the past eight years.
The video has had over 800 views in its first four days on YouTube.
It was written and directed by Michael Demosthenous and Stephen James King.
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jrobinson-rf4aSBido9

John Gaden stars in pants-wetting Sydney auction parody short film 

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Actor Fiona Spence, one of the most admired Australian television stars throughout the past three decades, has sold her Lewisham home.
She's looking to downsize, but staying in the inner west.
Her grand three bedroom, two storey <a href="https://www.realestate.com.au/property-house-nsw-lewisham-120725877" target="_blank">Hunter St terrace</a> was restored and renovated while maintaining its classic Victorian period feel.
Exisitite pressed metal ceilings in several rooms along with original fireplaces.
Sally Hampshire at Laing + Simmons Double Bay had the offering with near $1.9 million hopes.
Leaving Melbourne for Sydney in 1996, Fiona Spence bought the home for $364,000. 
Born in Kent, England to an Irish mother and an Australian surgeon father, she first moved to Hong Kong and then aged six to Australia. 
The stage and television actor is best known as the unlucky in love spinster Celia Stewart in Home and Away - Alf's sister. Then there was her role as prison officer Vera Bennett in Prisoner series and she was also on Packed to the Rafters as Ted Taylor's ex-love interest, Eleanor McCormack. 
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Actor Fiona Spence sells Lewisham home

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Sydney has recorded its lowest auction clearance rate since March 2013 at 58%, according to CoreLogic RP Data.
CoreLogic RP Data head of research Tim Lawless said the broad trend in clearance rates is downwards, with the weighted average trending consistently lower since peaking over the last week of March this year at 82% to reach 61% over the past two weeks.
"Melbourne’s clearance rate has also been trending lower, but has showed more resilience than Sydney’s," he said.
"The clearance rate across Melbourne was below 70% over the past three weeks, but has held around the mid to high 60% mark.
"Over the first ten weeks of Spring we have recorded 25,727 auctions which is 3,138 more auctions that at the same last year and 22% higher than the ten weeks leading up to Spring. With auction volumes higher, even though the clearance rate is moderating, the raw number of successful auctions has held reasonably firm."
He added most homes are selling through private treaty. 
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“The only capital cities where auctions comprise more than one third of all sales is Melbourne and Sydney, where, over the first seven months of the year, auctions accounted for approximately 35% of all home sales. In Perth, auction sales comprised only 1.9% of all sales, 2.9% across Tasmania, 6.4% in Brisbane and just over 11% in Adelaide,” he said. 
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Broad downward trend in clearance rates: Tim Lawless

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Sydney's industrial sector has had a strong 2015 in which the emergence and recovery of the sector throughout 2013 and 2014 has been consolidated, according to the valuation firm Herron Todd White.
Some of the Sydney’s highest performing areas continue to include the South Sydney region which remains the beneficiary of the increasing shift of older style industrial facilities into more high-tech accommodation, the latest HTW report suggests.
"The demand for this type of stock has seen capital rates increase throughout the calendar year, with smaller stock achieving rates up to and above $3,500 per square metre.
"Larger industrial holdings within this precinct benefit from their proximity to the Port Botany precinct, which appears to be one of the main drivers of demand in this sector."
The report goes on to state that the gentrification of industrial precincts in close proximity to the Sydney CBD such as South Sydney, as well as Sydney’s ever steady push to the west is resulting in the emergence of industrial precincts such as Marsden Park, Eastern Creek, Erskine Park and the like developing into strong contenders in the Sydney industrial market.
"Demand levels have increased in these areas progressively over the past few years, though with the ongoing completion of infrastructure in these locations, demand has continued to strengthen in 2015 with a number of national distribution facilities setting up in this region (Woolworths, Linfox, BlueScope Steel)."
The HTW review adds that the Sutherland Shire/St George industrial sector has witnessed capital rate increases over 2015 with torrens and strata title properties commonly achieving rates over and above $2,000 per square metre.
"The strength of this market is driven by a dominant owner occupier sector, with a strong presence of local tradesmen occupying this precinct.
"Generally speaking, industrial yields have fallen, in keeping with all sectors across the Sydney property market."
The report concludes by explaining the fall in yields in consistent with the historically low interest rates and an increase in capital values while rental rates have largely remained stable.
"Larger prime assets are typically achieving yields ranging between 7.5% and 9%, dependent on size, while smaller assets have fallen to the 5% to 7% range."
 
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Sydney remains strong in industrial property sector: Herron Todd White

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The suburb of Wolli Creek, 10 kilometres south of the Sydney CBD has become an investor hotspot in recent times, says Herron Todd White's latest report.
"This is a suburb that has seen a large scale transformation with many high density unit developments constructed," HTW said.
The HTW report suggests investor demand has been fuelled by the addition of retail space in the area, including a newly constructed Woolworths, and Wolli Creek train station offering access to two major rail lines. 
"The demographic of these investors has been both local and overseas."
The report highlighted that on the most recent CoreLogic RP Data suburb statistic report the median unit sale price in October 2014 was $640,000 and in September 2015 was $742,500. 
The report also noted the indicated gross rental yield at 4.3% with a median asking rental price of $560 per week. 
"This is the same story for investors seeing a dramatic gain in capital growth but resulting in a reduced yield. 
"With this said, we have not yet seen any dramatic slowing of investor demand. 
"It may be slightly too early to make a fair assessment on this, so we watch with anticipation how things will develop over the coming months."
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Supermarkets help Wolli Creek become investor hotspot HTW

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John McGrath has pinpointed the infrastructure projects set to trigger price growth in benefitting suburbs.
Major projects in Sydney are shortening the city commute and unlocking affordable outer suburban areas previously dismissed by city families for being too far to travel for work, he noted on his Switzer blog.
"This is providing growth stimulus for local property prices."
He pointed out that history shows that major infrastructure can have a direct and meaningful impact on property prices.
He identified the best new projects currently underway that he feels will have a big impact on local property prices. 
Sydney
New projects 
WestConnex - 2015-2023     
WestConnex is the biggest transport project in Australia today. It involves a 33km link between Sydney’s far west through to the city, airport and Port Botany precinct, bypassing 52 sets of traffic lights.
The project will result in significant travel time savings by car and bus. Commuters travelling by car from Parramatta will save 25 minutes to the CBD and 40 minutes to the airport. About 10km of new bus lanes will halve the CBD commute from Burwood. WestConnex will also divert 3,000 trucks off Parramatta Road per day.
<img src="https://www.switzer.com.au/assets/8128/20151109-mcgrath_normal.png" alt="" width="327" height="104" style="line-height: 1.3em;">
Past projects M5 East Motorway - 1998-2001 
<img src="https://www.switzer.com.au/assets/8130/20151109mcgrath1_normal.png" alt="" width="371" height="105">
The 2015 McGrath Report can be downloaded <a href="https://www.propertyobserver.com.au/https://issuu.com/mcgrathestateagents/docs/mcgrath_report_15?e=7704045/30983709">here</a>.
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John McGrath pinpoints Sydney's residential price changing infrastructure projects

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James Magnussen, the first Australian to win the men’s 100m freestyle world title in 2011, foresees his real estate investment hobby might become more serious at the end of his time in the pool.
Training now for the Rio de Janeiro 2016 Summer Olympics, Magnussen Enterprises Pty Ltd paid $623,000 earlier this year for a Ryde unit in a 1960s red-brick walk up block.
The 4/29 Gladstone Ave unit - an 88 sqm three-bedder - has been scheduled for November 14 auction with $750,000 hopes.
Bought in original condition in the block of six, the Drummoyne based Magnussen, and a builder mate, renovated the property over the last four months while he was in recovery from major shoulder reconstruction surgery.
The ­refurbishment, including new kitchen and bathroom, cost about $50,000. 
The property, with district views, could yield a $650 plus weekly rent, <a href="https://www.realestate.com.au/property-apartment-nsw-ryde-121005886" target="_blank">its LJ Hooker Ryde City listing agent Neil Moorjani suggests</a>. 
Magnussen spent $935,000 in 2012 on his Drummoyne flat which was well bought as it had traded at $910,000 in 2007.
This article was first published in the Sunday Telegraph.
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James Magnussen's Ryde property flip auction test

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We have valuation firm Herron Todd White to thank for this quite startling revelation earlier in the week: “Signs of slowing have emerged in Sydney property markets.”
Were it not for the ground-breaking analysis and cutting-edge research of HTW, no one would have noticed that the Sydney market has been fading. 
The marked decrease in sales volumes since the start of the year would have passed us by.
The stark decline in auction clearance rates over several months would have gone unnoticed.
The significance of the steady increase in stock on the market would have been lost of all but the most brilliant among us. 
And the wind-down in the pace of price growth would have been quite meaningless.
Fortunately, HTW to the rescue, publishing a report that contains zingers like: “There are signs that the market may be cooling.”
Good grief. What were they thinking? Were they competing for first prize in a competition for under-statement of the year? Or was it the time-honoured tradition among the valuation profession of being unwilling to say anything meaningful for fear of being relevant? 
There are signs that the market may be cooling? Is there seriously some doubt that the Sydney market is in wind-down? 
This is sadly symptomatic of the absence of expert analysis in the residential property industry.
We had another example in a speech last week by Reserve Bank assistant governor Malcolm Edey, in which he made the most common mistake in real estate “analysis”. This is the theory that says that if Event A coincided with Event B, therefore Event A must have caused Event B.
It’s irrelevant that there are five or six other events that also were aligned with Event B - Event A has had the most publicity, so Event A gets the prize.
So APRA made some announcements and then signs emerged, a la HTW’s rip-snorting expose, of a cooling in the market, therefore APRA must have caused the de-heating. 
Obviously.
This overlooks the reality that the Sydney market peaked and started its gradual wind-down long before APRA had its self-indulgent brain-explosion.
The Sydney market peaked in the December Quarter last year. Sales activity dropped in the March Quarter, dropped again in the June Quarter and continued its steady dissipation in the September Quarter.
Little by little, that has been reflected in other data. 
Clearance rates are now below 60% for the first time in three years, following a pattern of decline stretching back months.
The latest quarterly price data, always a long way behind the real game, indicates Sydney growth has fallen back to levels on a par with Adelaide and Brisbane.
 But Edey, as a boffin who gets no closer to the coal face than his computer screen, sees only “tentative evidence that sentiment may now be turning”.
 I fully agree with the growing list of pundits calling the end to Sydney’s boom. I’ve been writing about it for the past 5-6 months.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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