<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

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<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>A three bedroom home on Sydney's Central Coast was the most affordable offering over the weekend, selling at auction for $308,000, according to the APM Price Finder weekly report.</p>
<p>The property, 70 Manoa Road, <span>Halekulani</span> is a stone's throw from the beach and features front and back yards.</p>
<p>It sold through Coastlink Real Estate.</p>
<p>The most expensive property was a four bedroom home on 1 Dangar St, Randwick. It sold for <span>$5,150,000.</span></p>
<p> </p>
<p><a href="/images/2015/08/12/Screen%20Shot%202015-08-12%20at%2010.53.27%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/08/12/Screen%20Shot%202015-08-12%20at%2010.53.27%20AM.png" alt=""></p>
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mick.cee-iDmgDDAmu8

Sydney cheapest weekend sale on Central Coast: APM

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<p>There’s little doubt that the Sydney slowdown is under way.</p>
<p>I note that the boffin who runs APRA is trying to claim credit for a reduction in investor activity, but the wind-down in Sydney sales volumes pre-dated his misguided measures to prevent investors from buying real estate.</p>
<p>In terms of sales activity, Sydney peaked way back in the December Quarter of 2013. Auction frenzy and price growth has continued because sales levels have fallen away only gradually. And history shows that markets take time to adjust to new circumstances. Sales activity can be falling for six months or more before prices start to react.</p>
<p>Transactions in the March Quarter 2015 were down on the December 2014 Quarter and also below the March 2014 Quarter. The June 2015 Quarter has shown a further gradual decline.<span style="line-height: 1.3em;"> </span></p>
<p>The most telling barometer of the Sydney slowdown is the number of individual growth markets, as revealed by Hotspotting’s quarterly research for the Price Predictor Index. </p>
<p>The February research found 118 suburbs with rising sales activity across the Sydney metropolitan area. The May survey found 72. The latest research finds only 36 suburbs with a growth trajectory.</p>
<p>The dominant market type in Sydney now is what we call “plateau” markets. These are suburbs where sales activity was previously rising, but now sales levels have tapered off – still at a healthy level, but below the peak activity.</p>
<p>This is an indicator that the market is beginning to loose its heat.</p>
<p>Another indicator that the cycle has almost run its course is that the leading growth markets are on the fringes of the metropolitan area.</p>
<p>The leading precincts, still with growth markets, are the Campbelltown (far south-west) and Penrith (far west) municipalities.</p>
<p>Other areas still hanging in there (lots of plateau markets) include the Bankstown, Blacktown and Parramatta municipalities.</p>
<p>Yet another sign that the boom cycle has moved on is the performance of regional New South Wales markets. I’ve reported previously that Sydney’s momentum has rippled out into regional centres – firstly those close to Sydney, like Wollongong, Gosford and Newcastle, and more recently those further afield.</p>
<p>The latest survey shows that Regional NSW has considerably more growth markets than Sydney does – almost double the number, in fact. </p>
<p>Sydney is declining, but doesn’t know it, while the state’s regional cities are increasingly buoyant.</p>
<p><span style="line-height: 1.3em;">Tuned-in investors will have moved on from Sydney some time ago. The price growth of the near future will be found in places like Port Macquarie, Albury, Goulburn, Coffs Harbour and Tweed Heads.</span></p>
<p><em> </em></p>
<p><em>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></em></p>
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terryryder-YECXbqmri2

Sydney is declining, but doesn’t know it: Terry Ryder

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<p>Sydney's top weekend auction sale was in Randwick at $5.15 million.</p>
<p>Just the two bidders, though many others took contracts from agent Debbie Donnelly at Phillips Pantzer Donnelley.</p>
<p>With bidding starting with a vendor bid of $5 million, a local family outbid an expatriate family.</p>
<p>She had more than 300 groups inspect the house during the campaign, with people attracted by the land size and the single-level layout of the renovated house.</p>
<p><img src="https://i2.au.reastatic.net/800x600/e094166eb7e1940995e9b3bb758c1102fe11f0c9931875d80407df725bb0170a/image3.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="2"></p>
<p>Set close to the edge of Centennial Park and Queens Park, the ultra spacious single-level Federation home (photographed above and below) has been renovated and extended on a 835 sqm block surrounded by tall clipped hedges and manicured gardens.</p>
<p><img src="https://i2.au.reastatic.net/800x600/1152dcbd27e639f3004701319a17817b71b603806cf3777bb0fd9667c74d9671/image7.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="6"></p>
<p>The property has only one neighbouring home due to its side frontage on Huddart Lane and rear frontage on Dangar Lane.</p>
<div>Sydney’s home auction market fell sharply at the weekend weighed down by a record number of August weekend auction listings.</div>
<div> </div>
<div>Sydney reported a clearance rate of 75.4 percent on Saturday, well below the 79.5 percent recorded the previous weekend and also significantly below the 80.4 percent recorded over the same weekend last year. </div>
<div> </div>
<div>APM reported Saturday's result was the lowest of the year so far and well below the peak rate of 89.2 percent recorded on the May 9 weekend.</div>
<div> </div>
<div>"Sydney clearance rates have been trending downwards over the past two months which contrasts to the same period last year when clearance rates began to rise sharply," APM senior economist Dr Andrew Wilson said.
<div> </div>
<div>"Saturdays weakened result may reflect an extraordinary surge in auction listings with buyers offered unprecedented choice for a late winter market.</div>
<div> </div>
<div>"Some 848 homes were offered for auction which is a record for an August Saturday and well ahead of the previous record of 648 set just last weekend.</div>
<div> </div>
<div>"The weekend auctions numbers were nearly double the 429 auctions conducted as vendors flood the market driven by perceptions of still strong selling conditions.</div>
<div> </div>
<div>"More stern tests await the fading Sydney market with over 700 auctions again scheduled for next weekend," Dr Wilson said.</div>
<p> </p>
</div>
<p><img src="https://i3.au.reastatic.net/800x600/4826b349671d914cb7ccb389d04f6bd3128bf04a4c0c2008a831ca62fe2473d3/main.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="0"></p>
<h2>Auction highlights this week</h2>
<p>Saturday, 8 August 2015</p>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City</th>
<th colspan="2">Location</th>
<th>Sold</th>
</tr></thead>
<tbody>
<tr>
<td colspan="2">
<p>Most expensive</p>
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">1 Dangar St, Randwick NSW 2031, 4 br House, PhillipsPantzer Donnelley</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$5,150,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">41 Atkins St, Kew VIC 3101, 3 br House, Jellis Craig Hawthorn</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$4,325,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">3 Hulbert St, Hove SA 5048, 5 br House, Gary J Smith RE Glenelg</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$950,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">21 Outlook Cr, Bardon QLD 4065, 4 br House, Place West</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,150,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">18 Dirrawan Gdns, Reid ACT 2612, 4 br House, IPG Woden Weston Creek</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,900,000</td>
</tr>
<tr>
<td colspan="2">
<p>Most affordable</p>
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">70 Manoa Rd, Halekulani NSW 2262, 3 br House, Coastlink Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$308,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">C16/1-5 Grantham St, Brunswick West VIC 3055, 1 br Unit, Pagan Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$165,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">5 Florence Tce, Rosewater SA 5013, 3 br House, LJH West Lakes</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$336,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">11 Rosemary St, Caboolture South QLD 4510, 3 br House, PRD Moreton</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$225,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">31 Mellor Cct, Florey ACT 2615, 3 br House, FN Capital</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$470,000</td>
</tr>
</tbody>
</table>
<p>Source APM </p>
</body></html>

jchancellor-FAypfDUnLy

Randwick top sale at $5.15 million through Phillips Pantzer Donnelley

<html><body>
<p>A Warwick Farm sale at $340,000 was the cheapest Sydney sale on the bumper auction weekend.</p>
<p>Currently tenanted at $290 per week rental return, it sold to a Liverpool Hospital nurse first time buyer who will keep the tenancy, but move in later.</p>
<p>The price of the 65 sqm two bedroom, one bathroom apartment reflected a 4.4% rental yield.</p>
<p><img src="https://i3.au.reastatic.net/800x600/58bba93d53cc83a47f8442936b1ce3d724c545be3e49700358fe083a6d54103b/main.jpg" alt="4/5 Lachlan Street, Warwick Farm" title="4/5 Lachlan Street, Warwick Farm" data-index="0"></p>
<p>The early 1970s last sold in June 2013 at $234,500, but without any alterations in the meantime.</p>
<p>The sale - at 18% annualised price appreciation - was secured by McGrath agent Camden agent Glen Craigie and Rick Mancini.</p>
<p>Glen Craigie told Property Observer he'd adjusted his price expectations slightly lower - from $320,000plus to $299,000 plus - during the auction campaign given the amount of competing stock that came on the market which offered investors greater choice.</p>
<p><img src="https://i2.au.reastatic.net/800x600/8f1730a3eb23ff01db5d1aff8d9a5f01aac67be80a0047833408324d97eb69c9/image3.jpg" alt="4/5 Lachlan Street, Warwick Farm" title="4/5 Lachlan Street, Warwick Farm" data-index="2"></p>
<p>There were five registered to bid, but just two bid after the $270,000 opening offer.</p>
<p>There were 11 sales under $500,000 across Sydney amid the 800 plus weekend auction offerings.</p>
<p>The cheapest notified auction sale was outside Sydney at Halekulani, near Budgewoi at $308,000 for 70 Manoa Road. </p>
<p><img src="https://i1.au.reastatic.net/456x342/c6e3e9de9a7817f6a2f2ebf560d796602eeb8a98370fbdb8a56ba4eadac38fa2/main.jpg" alt="70 Manoa Road, Halekulani" title="70 Manoa Road, Halekulani" data-index="0"></p>
</body></html>

Warwick Farm $340,000 sale as Sydney bumper auction weekend's cheapest

<html><body>
<div>Market expectations were once again on the money and Housing Finance rebounded in June rising by 2.8% to a seasonally adjusted $32.07 billion.</div>
<div> </div>
<div>The trend estimate rose slightly to a new record high of $32.15 billion.</div>
<p><a href="https://4.bp.blogspot.com/-n153qZAKohA/VcQqOgZcXlI/AAAAAAAAXaY/Fw6I1kqQbtM/s1600/HF1.jpg" target="_blank">Click to enlarge </a></p>
<div class="separator"><a href="https://4.bp.blogspot.com/-n153qZAKohA/VcQqOgZcXlI/AAAAAAAAXaY/Fw6I1kqQbtM/s1600/HF1.jpg"><img src="https://4.bp.blogspot.com/-n153qZAKohA/VcQqOgZcXlI/AAAAAAAAXaY/Fw6I1kqQbtM/s640/HF1.jpg" width="640" height="270"></a></div>
<p> </p>
<div>The number of owner-occupier loans written in the month rebounded by 4.4% to 52,672.</div>
<div> </div>
<div>Mortgage volumes still some way lower than we have seen in previous cycles, at least partly because through this cycle so many are electing to buy investment properties instead. </div>
<p><a href="https://1.bp.blogspot.com/-s2WWZh5Cq4Y/VcQqPSrQJYI/AAAAAAAAXa4/cx15Xrv-qG0/s1600/HF5.jpg" target="_blank">Click to enlarge</a></p>
<div class="separator"><a href="https://1.bp.blogspot.com/-s2WWZh5Cq4Y/VcQqPSrQJYI/AAAAAAAAXa4/cx15Xrv-qG0/s1600/HF5.jpg"><img src="https://1.bp.blogspot.com/-s2WWZh5Cq4Y/VcQqPSrQJYI/AAAAAAAAXa4/cx15Xrv-qG0/s640/HF5.jpg" width="640" height="272"></a></div>
<div class="separator"> </div>
<div class="separator"> </div>
<div>While the seasonally adjusted data makes it appear that total housing finance may be peaking, the unadjusted or original data casts some doubt on this - June saw by far the biggest month of lending on record at an unprecedented $34.7 billion.</div>
<p><a href="https://1.bp.blogspot.com/-zlnKqJL1vNY/VcQqOo1b1II/AAAAAAAAXac/LDUia57DMlw/s1600/HF2.jpg" target="_blank"> Click to enlarge</a></p>
<div class="separator"><a href="https://1.bp.blogspot.com/-zlnKqJL1vNY/VcQqOo1b1II/AAAAAAAAXac/LDUia57DMlw/s1600/HF2.jpg"><img src="https://1.bp.blogspot.com/-zlnKqJL1vNY/VcQqOo1b1II/AAAAAAAAXac/LDUia57DMlw/s640/HF2.jpg" width="640" height="288"></a></div>
<div> </div>
<div>Owner-occupier lending rose to a record $212 billion in the 2015 financial year, while investment lending has scorched the earth to rise to a stonking $154 billion.</div>
<p><a href="https://4.bp.blogspot.com/-ZvloUYocZr8/VcQrEC_YxPI/AAAAAAAAXa8/k_b_bEfP1xU/s1600/HF6.jpg" target="_blank"> Click to enlarge</a></p>
<div class="separator"><a href="https://4.bp.blogspot.com/-ZvloUYocZr8/VcQrEC_YxPI/AAAAAAAAXa8/k_b_bEfP1xU/s1600/HF6.jpg"><img src="https://4.bp.blogspot.com/-ZvloUYocZr8/VcQrEC_YxPI/AAAAAAAAXa8/k_b_bEfP1xU/s640/HF6.jpg" width="640" height="278"></a></div>
<p><span style="line-height: 1.3em;">However, we can now expect some downward pressure on investment lending as APRA pulls a few macroprudential levers to slow the pace of lending.</span></p>
<div>Unfortunately for those forecasting a Sydney market slowdown, it appears that homebuyers are now picking up the baton.</div>
<div> </div>
<div>New South Wales saw a massive $6.6 billion of owner-occupier mortgage commitments written in June, which was an 8.1% increase from May and by some margin the biggest month on record. </div>
<div> </div>
<div><a href="https://3.bp.blogspot.com/-OQTo0TLGaRY/VcQqPY8x15I/AAAAAAAAXao/yiH6zEqV588/s1600/HF4.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div class="separator"><a href="https://3.bp.blogspot.com/-OQTo0TLGaRY/VcQqPY8x15I/AAAAAAAAXao/yiH6zEqV588/s1600/HF4.jpg"><img src="https://3.bp.blogspot.com/-OQTo0TLGaRY/VcQqPY8x15I/AAAAAAAAXao/yiH6zEqV588/s640/HF4.jpg" width="640" height="280"></a></div>
<p> </p>
<div>Owner-occupier loans also increased in Queensland and Victoria in the month, but declined moderately in South Australia and Western Australia.</div>
<div> </div>
<div>
<p><span><em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br></span></p>
<p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
</div>
</body></html>

pwargent-M4siyDbqQY

Sydney home buyers picking up the investor financing baton: Pete Wargent

<html><body>
<p><span>A hotel just a stone's throw from the Sydney CBD and Randwick Racecourse has sold to a developer for $17.1 million.</span></p>
<p><span>The five-storey Addison Hotel, 147-151 Anzac Parade, Kensington, was sold to a Chinese developer with plans to develop the property, according to Peter Kotzias from Ray White Commercial South Sydney.</span></p>
<p><span>Mr Kotzias said the building includes 42 x 26 sqm serviced apartments as well as a 44 sqm manager’s apartment and 351 sqm of commercial space.</span><span style="line-height: 1.3em;"> </span></p>
<p><span>“The purchaser will be operating the existing hotel/accommodation as it is for the time being and enjoying the current cash flow,” Mr Kotzias said.</span></p>
<p><span>"The building is situated on a land area of 1,453 sqm and comprises 44 strata lots and basement parking for approximately 35 cars.</span></p>
<p><span>"</span><span>It’s also in close proximity to Centennial Park and a short distance to Sydney’s famous eastern suburbs beaches as well as shopping centres and other amenities."</span></p>
<p><span style="line-height: 1.3em;">There are future plans to redevelop the property.</span></p>
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jonathanchancellor-7SQnKwU6yx

Sydney's Addison Hotel sells for $17.1 million

<html><body>
<p data-default="Enter your text here...">A detailed survey on the current state of the CBD Office markets by Jones Lang LaSalle was recently reported in the <em>Australian Financial Review </em>(16 July 2015). </p>
<p>And as you can see from the table below, there are now significant disparities among the CBD Office markets around Australia.</p>
<p><a href="/images/2015/08/06/CBD-Offices.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/08/06/CBD-Offices.jpg" alt=""></p>
<p> </p>
<p>Although Brisbane, Perth and the Canberra each have (total) vacancy rates of 15% or more … there was a healthy 205,000 sqm of space taken up by Business  and Government nationally, during the past 12 months.</p>
<h3>Rental Movements</h3>
<p>Even so, you will notice rentals only rose in Sydney (+2.3%) and Melbourne (+5.2%) — where momentum and confidence have clearly now started to return.</p>
<p>Whereas, the other states have all shown a decline in their office rentals, as space requirements have contracted.</p>
<p>Sydney has been experiencing strong demand for A-grade space — where that vacancy rate has now fallen to 5.2%.</p>
<p>Likewise, Melbourne has seen a solid take-up. Although its vacancy rate rose marginally, to reflect the availability of some backfill space.</p>
<p> Interestingly, there has been strong demand by smaller tenants seeking space under 1000 sqm.</p>
<p>The general consensus is that conditions will continue to improve through 2015-16; and the vacancy rates in the underperforming capital cities will hopefully stabilise.</p>
<p><span><em>CHRIS LANG </em></span><em>is an advisor to commercial property investors, sell-out author and regular speaker on how to invest in commercial property. You can contact Chris <a href="https://commercialpropertymadeeasy.com/" target="_blank">here</a>.</em></p>
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chrislang-EQKojcgJPV

Significant disparities among the CBD office markets: Chris Lang

<html><body>
<div><span style="line-height: 1.3em;">There's a lot of drivel written about the supply response in Sydney causing a serious property market correction.</span></div>
<div> </div>
<div>It really depends on what property type and locations you're talking about.<br><br>
</div>
<div>Sure, I don't doubt that some of those buying new apartments off the plan in parts of the inner south will see prices fall.</div>
<div> </div>
<div>That's more or less certain to happen when the downturn phase of the cycle ticks around. </div>
<div> </div>
<div>There are some other areas where the market will be flooded by new apartments too, such as around parts of North Sydney.</div>
<div> </div>
<div>There's nothing new or surprising about this.</div>
<div> </div>
<div>But as an owner of property in a suburb like Pyrmont - where the supply of new sites has been totally depleted - it's hard to get too excited by the babble in the media.</div>
<div> </div>
<div>Prices in these parts will only be materially impacted by a lack of capacity to pay, which means very high interest rates (nah) or high unemployment (the unemployment rate in Pyrmont-Ultimo has increased from 2.8% to 2.9% over the past year).<br><br>A fair proportion of units are investor owned, of course, but in the current low interest rate environment cash flows are strong, while vacancy rates remain very low.</div>
<div> </div>
<div>
<div><strong><span style="text-decoration: underline;">Capped supply</span></strong></div>
<div> </div>
<div>To be quite blunt, it has long been obvious that property prices in Pyrmont would soar. </div>
<div> </div>
<div>With the population of Greater Sydney increasing by around 84,200 or so persons per annum - give or take - the demand side of the equation more or less takes care of itself in such a prime location suburb. </div>
<div> </div>
<div>As for new supply...well, there isn't any. </div>
<div> </div>
<div>There is none, because there is nowhere left to build.</div>
<div>
<br>Actually, strictly speaking that's not quite true.</div>
<div> </div>
<div>A <a href="/news">DA was lodged</a> to develop a few dozen apartments at 97 Pyrmont Bridge Road back in May 2013.</div>
<div>
<br>And down the road in the adjacent suburb of Ultimo there was a development application lodged in 2014 to build 50 apartments on Harris Street.</div>
<div> </div>
<div>So, there might be a very slight trickle of new supply in the area.</div>
<div> </div>
<div>
<div>But even though Harris Street is a pretty busy thoroughfare, land prices in these parts have been exploding higher over recent years, and ultimately the price of property is a derivative of the land that sits thereunder.</div>
<div> </div>
<div>The 485 Harris development fetched some $63 million, equating to a price per apartment of more than $1.25 million (in Ultimo!..on Harris Street!).</div>
<div> </div>
<div>So, no, I can't say I worry too much about the supply of apartments causing a price correction in Pyrmont.</div>
<div> </div>
<div>Now the South Dowling precinct on the other hand...the latest inner apartments report from BIS Shrapnel sums it up rather nicely.</div>
<div> </div>
<div><a href="/images/2015/08/06/BIS.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/08/06/BIS.jpg" alt=""></div>
<div> </div>
<div>
<div>Demand for apartments in Sydney from overseas investors in particular shows "little sign of abating", but there is plenty of supply due to come online in suburbs such as Zetland, Waterloo, Rosebery, Alexandria...and for that matter Mascot, Green Square et al.</div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Apartment completions</span></strong></div>
<div> </div>
<div>Inner Sydney apartment should average around 3,100 per annum over the next few years to 2018 per BIS Shrapnel.</div>
<div> </div>
<div><a href="/images/2015/08/06/BIS4.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/08/06/BIS4.jpg" alt=""></div>
<div>
<div>But the new supply of apartments in Sydney will be very much skewed towards the inner south and the old urban wastelands around Sydney airport.</div>
<div> </div>
<div>49% of the new inner Sydney apartments will be in the South Dowling precinct, as compared to just 1% in Pyrmont.</div>
<div> </div>
<div><a href="/images/2015/08/06/BIS2.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/08/06/BIS2.jpg" alt=""></div>
<div><span>Or, to put that graphically:</span></div>
<div><span> </span></div>
<div><a href="/images/2015/08/06/BIS3.jpg" target="_blank"><span>Click to enlarge</span></a></div>
<div><span> </span></div>
<div><span><img src="/images/2015/08/06/BIS3.jpg" alt=""></span></div>
<div> </div>
<div>
<div>Much of property investment is about common sense. </div>
<div> </div>
<div>Invest in the areas where people really want to live but where there is nowhere left to build new supply. </div>
<div> </div>
<div>Unfortunately too many people do precisely the opposite by investing in areas where people don't really want to live and where there are stacks of sites on which to build.</div>
<div>
<br>Same applies in Brisbane by the way!</div>
<div> </div>
<div>Check out the full BIS Shrapnel report <a href="https://www.theurbandeveloper.com/wp-content/uploads/Inner-Sydney-Apartment-Market-Brief-July-2015.pdf" target="_blank">here</a>. </div>
<div> </div>
<div>
<p><span><em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br></span></p>
<p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

A lot of drivel written about Sydney's supply response: Pete Wargent

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<p>Sydney's recent expensive property sales have helped the city climb to the third place on Knight Frank's latest Prime Global Cities Index, with recent price growth pushing Sydney up from 10th spot in the prior quarter.</p>
<p>The global index tracks luxury residential price movements across 35 cities worldwide. Vancouver and Miami are leading global growth in prime urban residential prices.</p>
<p>Knight Frank's latest second quarter index also shows Melbourne ranked in 7th place in the world with its recent price growth in luxury residential properties, seeing it jump up from 11th place. </p>
<p><a href="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.02.50%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.02.50%20AM.png" alt=""> </p>
<p>While Australia's 10.2% growth was the highest average annual increase in luxury residential asset values to June 2015, much of Asia is close behind having dominated price increases since the global financial crisis aftermath in 2008 and 2009.</p>
<p><span>Jakarta has had a 174% increase in value since the GFC, while Beijing and Shanghai are up<span> 77% and 65% respectively.</span></span></p>
<p><span><span>Since the crisis, Sydney grew 27% and Melbourne 23%.</span></span></p>
<p><a href="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.03.00%20AM.png" target="_blank"><span><span>Click to enlarge</span></span></a></p>
<p><span><span><img src="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.03.00%20AM.png" alt=""></span></span></p>
<p>The Knight Frank Prime Global Cities Index increased globally by 2.5 per cent in the year to June 2015 across the 35 prime cities monitored.</p>
<p>The top performers were the cities of Vancouver, Miami and Sydney increasing by 15%, 14% and 13% respectively in the year to June 2015.</p>
<p><span>Asian cities, with the exception of Singapore and Mainland China, are rising up the rankings with seven of the top ten cities now based in the Asia Pacific region.</span></p>
<p><span>In the report, a breakdown by world region shows Australasia on top recording average growth of 10.2% over the 12-month period, followed by Africa at 4.1%; with Europe breaking positive territory with 0.8% growth.</span></p>
<p><span>“Across the globe, luxury residential values have been rising for 22 consecutive quarters, but the pace of growth has almost halved in the last year with annual growth falling from 5.2% to 2.5%," a</span><span>ccording to Knight Frank’s director of residential research for Australia, Michelle Ciesielski.</span><span> </span></p>
<p>“However, Sydney prime residential property has experienced an upward trajectory with growth of 160 bps to 12.5% in the year to June 2015, with 5.8% recorded in the last three months alone.</p>
<p><span>“Second quarter growth of 2.8% for Melbourne prime saw the world’s most liveable city witness growth of 7.9% over the year; despite down 70 bps when compared to the first quarter’s annual growth.</span></p>
<p><span>“Knight Frank Residential Research has closely monitored those markets that have recovered best post-GFC.</span></p>
<p><span>"Cities demonstrating the strongest growth in prime property values have included Jakarta, Beijing and Shanghai at 175%, 77% and 65%.</span></p>
<p><span>“We’ve taken longer to recover than global counterparts in our prime residential markets as over this time, prime property values in Sydney grew a total 28%, whilst the Melbourne prime market values are up 24%."</span></p>
<p><a href="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.09.34%20AM.png" target="_blank"><span style="font-size: 12.1599998474121px; line-height: 1.3em;"> Click to enlarge</span></a></p>
<p><span style="font-size: 12.1599998474121px; line-height: 1.3em;"><img src="/images/2015/08/05/Screen%20Shot%202015-08-05%20at%208.09.34%20AM.png" alt=""></span></p>
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Sydney prestige trophy homes rise into 3rd place: Knight Frank prime global cities index

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<div>Sydney house prices have accelerated to be up by 20.36% over the past year to June 2015, according to Residex.</div>
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<div>Sydney house prices jumped by 6.94% for the past quarter alone.</div>
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<div>Rents for houses in Sydney also boomed over past year on this index, up 12.4% to $680/week. </div>
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<div>Sydney unit prices were up 15.44%, with rents up 6.67% to $560/week.</div>
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<div>Not too much doing elsewhere, with prices down marginally for the quarter in Adelaide, and declining moderately over the past year in Perth and Darwin. </div>
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<div><a href="/images/2015/08/04/T1_Stats_Update.jpg" target="_blank">Click to enlarge</a></div>
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<div><img src="/images/2015/08/04/T1_Stats_Update.jpg" alt=""></div>
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