<p>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.</p>

<p>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;</p>

<p>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;</p>

<p>“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;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>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;</p>

<p>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;</p>

<p>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.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>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;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>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.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>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;</p>

<p>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;</p>

<p>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”.</p>

<p>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;</p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“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.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“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.”</p>

<p>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.</p>

<p>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.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>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.</p>

<p>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.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“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.</p>

<p>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.</p>

<p>&nbsp;</p>


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

<p>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.</p>

<p>The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.</p>

<p>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.</p>

<p>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.</p>

<p>“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.</p>

<p>“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.”</p>

<p><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" /></p>

<p>GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.</p>

<p>“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.”</p>

<p>Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.</p>

<p>“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.</p>

<p><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" /></p>

<p>&nbsp;</p>

<p>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.</p>

<p>Green praised local policy settings.</p>

<p>“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.”</p>

<p>One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.</p>

<p>“The way we will be able to achieve economies of scale is through size,” Green added.</p>


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

<p>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.</p>

<p>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.</p>

<p>Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be</p>

<p data-end="683" data-start="511">"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.</p>

<p data-end="882" data-start="690">"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."</p>

<p data-end="882" data-start="690">[smartcode_project:default project_id=134646 project_image_fid=6109]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6110]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6116]</p>

<p data-end="247" data-is-last-node="" data-is-only-node="" data-start="0">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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=134646]</p>


WM Residences fills gap in Mordialloc townhouse market

Tourism

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<div>The number of Chinese tourists was up 23 percent to 1.6 million in the year to September, and spending in the year to July was up 27 percent to $8.9 billion according to figures from Tourism Australia.</div>
<div> </div>
<div>Australia now tops China’s rankings of destinations, with a new generation of tourists are seeking immersive experiences, not days spent in tour buses, according to John O’Sullivan, chief executive officer of Tourism Australia.</div>
<div> </div>
<div>He said Tourism Australia has been running a large-scale campaign in China this year, including promotional videos on massive screens at subway lines, in Beijing and elsewhere. </div>
<div> </div>
<div>"There was a boom in Japanese tourism in the 1980s and 1990s, but not on the scale or rapidity of this, aided by the growing number of Chinese cities with direct flights," he said.</div>
<div> </div>
<div>"The “millennial” visitors, a third of the total from China, are also seeking the type of experience they can’t have back home, and that their friends might not yet have had – so they can claim social media bragging rights.</div>
<div> </div>
<div>"This new generation of inbound tourist use their smartphones constantly, expect free WiFi, they use Union Pay to access to cash. They want to be assured that they have access to their staples, congee for breakfast, staff who speak their language and a safe modern hotel.</div>
<div> </div>
<div>"They are seeking out self-drive holidays and learning to surf. The destination has changed, previously they may have gone for a long haul destination, North America or Europe, however, as they have become more confident about booking their own holidays, they have rapidly turned to Australia.</div>
<div> </div>
<div>"This new generation of tourist likes to shop too, they rely on Australia’s clean image, putting faith in the fact that products are authentic in Australia, they are truly modern consumers, they look for the brands. Tasmania has surged in the last couple of years, particularly after a visit by China’s President Xi Jinping and his wife Peng Liyuan. Tasmania’s lavender bear has also become something of a cult sensation, because it can only be bought at the Bridestowe Lavender Estate farm door in Tasmania."</div>
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jonathanchancellor-7SQnKwU6yx

Chinese tourism boom goes from strength to strength

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<p><span>GUEST OBSERVER</span></p>
<p><span>Planning on listing your property on Airbnb? Here are a few things to consider before you do. </span></p>
<p><span>1. Location of your property and potential demographic of your guests</span></p>
<p><span>Guests usually plan to stay close to the centre of activity and culture they would like to experience. For example if your property is near a stadium, there’s a high chance your guests may be attending sports events. Think about the biggest demographic of sports attendees and ask yourself the extent of behaviour you would tolerate in your property. </span></p>
<p><span>2. De-risk your home against bad apples</span></p>
<p><span>You can request a security deposit prior to the guest’s arrival. Be wary of Instant Bookings, as this does not give you the opportunity to review the guest before they book in their stay. As a final precaution, have your guests sign a contract before they arrive. This can clearly lay out the check-in and check-out dates and times, rules of conduct, deposit refund or any other concerns you may have. While it may put off some guests, those who have nothing to hide should have no problems with signing it. </span></p>
<p><span>3. Make sure your home is safe for occupation</span></p>
<p><span>When leasing out your property, it is your property manager's role to ensure the safety of the premises are kept. If you're putting up an Airbnb listing, this responsibility falls on you. You'll need to check that the smoke alarms are working and that heaters (if any) have been serviced in the last 2 years. Make sure that all doors and locks work smoothly in the event that evacuation is necessary. </span></p>
<p><span>While Airbnb does not conduct any routine inspections on the safety of your property, it's a simple favour you are doing your guest that may save their life. </span></p>
<p><span>4. Check your home insurance coverage for accidents or damage</span></p>
<p><span>You’ll need to fully insure your home against the risk of irresponsible guests causing major damage, as seeking damage compensation from Airbnb is difficult. Read the fine print of Airbnb’s Host Guarantee, and don’t assume it will protect you fully. It also does not cover a refusal to vacate.</span></p>
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<p><span>5. Long term Airbnb stays could turn your guest into a legal tenant</span></p>
<p><span>According to Consumer Affairs Victoria, if your Airbnb guest resides in your property for more than 90 days, they legally gain the rights as a tenant. This means that in the unlikely event that they refuse to vacate after that period, you will need to follow the same eviction procedure through VCAT as a landlord would, costing you significant time and money. </span></p>
<p><span>6. Airbnb income is taxable</span></p>
<p><span>Airbnb provides a good source of cash flow for owner occupiers who are still paying off their mortgage. Bear in mind that your Airbnb income is classified as a taxable gain, as the ATO will have your information on hand already. Depending on the length of time you’ve resided at your property, and the length of time you’ve hosted part of your property on Airbnb, you may be liable to pay a portion of capital gains tax. </span></p>
<p><span>7. Your ratings and reviews are your “open for inspections”<br></span></p>
<p><span>To maximise the occupancy rate of your property, it’s essential that you maintain a high rating by providing your guests with<br> a great experience, so that they are happy to leave a positive review. We would recommend to maintain at least 4.5 stars to remain competitive. Keep your property clean and restocked after each stay. Be honest in your description of your listing, as you’ll be rated for accuracy. </span></p>
<p><span>8. Guests look for a trustworthy host, not just a room</span></p>
<p><span>Beautiful photographs, a friendly host profile photo and personal statement will build trust immediately. When there’s nothing hide, there’s nothing to be afraid of. </span>Remember that, while you are risking your property, your guests risk themselves. They are looking for someone credible whom they are comfortable staying with. </p>
<p><em>For more information, <a href="https://secretagent.com.au/" target="_blank">click here</a>.</em></p>
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jchancellor-FAypfDUnLy

Must-knows for new Airbnb hosts: Secret Agent

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<div>Net permanent and long term migration into Australia seems to be steadying, summimg +266,400 in the year to August, according to the latest ABS Overseas Arrivals and Departures figures. </div>
<p><a href="/images/2016/10/11/C2.jpg" target="_blank">Click to enlarge </a></p>
<div class="separator"><img src="/images/2016/10/11/C2.jpg" alt=""></div>
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<div>The number of permanent settlers per annum appears to be very gradually rising again, with 57.1 per cent of settlers hailing from Asia. </div>
<p><a href="/images/2016/10/11/C5.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/10/11/C5.jpg" alt=""></p>
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<div>It feels as though annual population growth in 2016 will be tracking at around +1.3 per cent, or somewhere between +300,000 and +350,000. </div>
<div> </div>
<div>However, the composition of growth has changed very significantly since the peak of the mining investment boom in 2012, with Sydney and Melbourne accounting for a record and ever-greater share of the headcount growth. In aggregate, regional population growth has slowed. </div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Chinese arrivals</span></strong></div>
<div> </div>
<div>More dramatically, total annual short term arrivals increased by a very strong +10.6 per cent over the year to August, to sit at a smidgen under 8 million.</div>
<div> </div>
<div>Outbound trips are still increasing too, but at a far less sprightly pace (in fact the pace of outbound growth is less than half of that of short term arrivals, meaning that a positive rebalancing continues). </div>
<p><a href="/images/2016/10/11/C3-1.jpg" target="_blank"> Click to enlarge</a></p>
<div class="separator"><img src="/images/2016/10/11/C3-1.jpg" alt=""></div>
<p>The annual number of Chinese arrivals continues to accelerate at an astonishing pace, increasing by +23.1 per cent over the past year to a new high of 1.18 million. </p>
<div>There are now more annual visitors from China and Hong Kong to Australia than there are from our more proximate neighbour New Zealand. </div>
<div> </div>
<div class="separator"><a href="/images/2016/10/11/C4.jpg" target="_blank">Click to enlarge</a></div>
<p><img src="/images/2016/10/11/C4.jpg" alt=""> </p>
<div>While many are short term arrivals <em>bona fide</em> tourists, a total of precisely 500,000 short term arrivals into Australia over the year to August were primarily for the purposes of education.</div>
<p><a href="/images/2016/10/11/C1.jpg" target="_blank">Click to enlarge</a><br><img src="/images/2016/10/11/C1.jpg" alt=""></p>
<div> </div>
<div>Higher education is hugely attractive for international students from Asia, since it comes with the lure of potential permanent residency, obviously a big drawcard. </div>
<div> </div>
<div>Note that there are now more than two years of water under the bridge since the higher education boom really teed off in earnest, meaning that over the next year or two there may is likely to be a very strong uplift in students being granted permanent residency (as indeed is forecast by the DIBP) or sundry visa types.</div>
<p><strong><span style="text-decoration: underline;">The wrap</span></strong></p>
<p>While permanent and long term migration to Australia seems to have levelled out, arguably the more significant trends are taking place beneath the surface. </p>
<div>There is plenty of noise in month-to-month figures, but simply following the trend in the number of monthly visitors from China shows a doubling from less than 50,000 per month in early 2012 to well over 100,000 per month in Q3 2016. </div>
<div> </div>
<div>In terms of the property sector, while it's true that that the incoming wave of Chinese capital most impacts new and off-the-plan properties, there are now so many permanent residents and citizens of Chinese heritage that the impacts have shifted into established property too. </div>
<div> </div>
<div>
<em>News</em> draws a tangible link between education arrivals and Chinese property buying activity, notably in inner Sydney suburbs such as Haymarket, Ultimo, Kensington, Surry Hills, Waterloo, and other parts of South Sydney, for example. </div>
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<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>
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Chinese visitors more than double in 4 years: Pete Wargent

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<p>Property developer Sunland Group will withdraw its development application for its proposed mixed-use residential and arts precinct at Mariner’s Cove on Queensland's Gold Coast.</p>
<p>The City of Gold Coast is to defer the current application for no longer than 12 months.</p>
<p>Sunland Group’s $600 million proposal included the city’s first privately-owned cultural precinct dedicated to the arts through a modern art gallery and museum as well as floating parklands, an underground aquarium and two sculptural 44-storey towers providing hotel and residential apartments.</p>
<p>Sunland Chairman Soheil Abedian said he believed a master plan for The Spit was in the best interests of the community and would deliver much-needed clarity, unity and direction for all stakeholders.</p>
<p>“We strongly believe The Mariner presented an exceptional and compelling outcome for the site,” he said.</p>
<p>“The Spit is a unique commercial, residential and recreational precinct and the State Government and Council need to work together, in consultation with the community and all stakeholders, to agree on a clear path forward.</p>
<p>“We feel it is important the master planning process is unencumbered, without any perceived time pressures from existing development applications. For this reason we are withdrawing our development application for The Mariner until such time that a master plan for the precinct can be agreed upon.”</p>
<p>“Q1 was met with similar challenges, yet today it remains an icon of our city and stands proudly at the centre of the emblem of the 2018 Commonwealth Games.</p>
<p>“The Mariner continues our commitment to the city and its evolution into a global destination with the opportunity for world-class entertainment, cultural and tourism amenity.</p>
<p>“To realise this opportunity, there must be a master plan that benefits the city and its more than 600,000 residents. A master plan that balances the natural elements of the Spit with community open space and iconic architecture that celebrates our distinctly Gold Coast lifestyle and contributes towards the enrichment of the urban fabric of our community.</p>
<p>“It is our ardent hope that the State Government and Council, upon completion of the master plan, allow projects such as The Mariner to have a place for the future of our city.”</p>
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Sunland withdraws development application for Mariner's Cove, Gold Coast

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<p><img src="https://counter.theconversation.edu.au/content/63932/count.gif" alt="The Conversation" width="1" height="1"></p>
<p>GUEST OBSERVER</p>
<p>Infrastructure in our cities – let’s call it the hardware – remains much the same as ever, but the software – the way we use it – is transforming rapidly. One piece of that software, Airbnb, is dramatically reshaping the world’s cities.</p>
<p>The digital platform allows citizens to find and rent short-term accommodation from other citizens. Airbnb has the potential to rupture the traditional spatial relationship between tourist and local, making our cities more vibrant and diverse places to live in and to visit.</p>
<p>The question is: what opportunities and dangers does the platform present? What are the implications of repurposing existing residential infrastructure for short-term accommodation? What happens when the global “sharing economy” meets a city’s suburbs?</p>
<h2>Lessons from an early adopter</h2>
<p>Melbourne was an early adopter of Airbnb. It is also one of the top 10 cities for global travellers on Airbnb. What insights can be gathered from its experience?</p>
<p>According to Airbnb, three-quarters of listings worldwide are outside major hotel districts. Airbnb has three types of property listings: entire homes, private rooms and shared rooms.</p>
<p>Entire homes make up over half the total number of Melbourne’s metropolitan listings. Data collected in January 2016 reveals that their distribution is relatively consistent with that of hotels and licensed accommodation, which exist in large concentrations in the CBD and inner city.</p>
<p>Many hosts who list entire homes lease or sublet when they go away. In Australia, tenants require permission from their landlord to sublet, so there is little risk for the landlord if they follow due process. But analysis by website Inside Airbnb indicates that about 75% of entire-house listings in Melbourne are available for over 90 days per year.</p>
<p>Hosts with multiple properties manage about a third of all the entire-house listings in Melbourne. These operators hold an average of three properties, but some have dozens. Through Airbnb, these brokers are turning existing housing infrastructure into informal, distributed hotels while saving on capital costs, overheads and wages.</p>
<p>Globally, the Airbnb phenomenon has been blamed for driving up rents, accelerating gentrification and displacing local residents by reducing available housing stock.</p>
<p>In Melbourne, the boom in high-density development in the CBD has resulted in an excess of homogeneous apartment dwellings. Bedrooms without natural light, as well as insufficient floor area, outdoor space and storage space, characterise many of these developments, rendering them effectively unlivable for long-term residents. But these properties are attractive to itinerant tenants seeking affordable inner city accommodation. </p>
<p>Shared rooms in Melbourne constitute only about 2% of all listings, but they are almost exclusively confined to the CBD. Box Hill (14 kilometres east of Melbourne), and Maidstone/ Braybrook (eight kilometres west of Melbourne) are secondary outlying hotspots. The majority of CBD listings are around new apartment towers near Southern Cross Station (at the western end of the CBD) and RMIT University.</p>
<p>A number of already small two-bedroom apartments in the Neo200, Upper West Side and QV1 towers are operating as gendered dormitories. These often sleep eight, with four to a room. Overloading these apartments creates potential fire-safety and hygiene-compliance issues.</p>
<p>Short-term letting via sites like Airbnb allows investors to earn up to three times the amount they’d receive in rent (the average cost to rent an entire home is AU$189 per night). Travellers benefit from competitive accommodation rates, cooking facilities, convenient locations and access to private pools and gymnasiums intended for residents.</p>
<p>Airbnb acknowledges that professional hosts with multiple listings are exploiting the so-called sharing economy, but has not yet taken steps to regulate this. Governments would do well to implement the long-awaited and much-needed minimum design standards for apartments to curb the construction of developments in the city that fail to cater for residents or which are purpose-built for the Airbnb market (a few local examples are already emerging).</p>
<p>Beyond the obvious need to protect the amenity of citizens, protection of the liveliness and heterogeneity of the city is essential to maintain the kind of “authentic” experience that appeals to Airbnb users in the first place. Melbourne is beginning to follow the trajectory of international cities like London where the investor market, fuelled by capital gains tax exemptions, has pushed residents further and further out. Dispersing the concentration of entire-house and private-room rental is vital.</p>
<p>More promising is the dispersed pattern of private rooms in Melbourne. These represent around 45 percent of listings across the city. While private rooms are still concentrated in and around the CBD, diffuse listings across Melbourne’s middle-ring suburbs realise Airbnb’s ambition to enable access to the everyday spaces of cities.</p>
<p>This pattern makes sense given the mismatch between Australian house sizes, which remain the largest in the world, and changing household structures – most significantly, the decline of the nuclear family. An increase in housing diversity in the middle-ring suburbs is likely to facilitate more entire-house listings in these areas in the future.</p>
<p>We are also seeing evidence of Airbnb driving housing diversity. Annexed and granny-flat configurations are commonly listed in suburbs close to the Melbourne CBD like Brunswick and Caulfield. Loose-fit arrangements like these provide more flexibility to cater to both residents and visitors, and the by-product is slow but genuine “bottom-up” densification.</p>
<p>Government incentives for this kind of small-scale development would help to make this a viable (and, for many, welcome) alternative to densification through high-rise apartment development.</p>
<p>In 2015, Tourism Victoria entered into an agreement with Airbnb Melbourne to promote buzzing inner-city suburbs Fitzroy and St Kilda as “sharing economy” hotspots. But the cost of renting in these suburbs is already exorbitant. Fitzroy was named the second-most-expensive suburb in Melbourne for apartment rental in 2015.</p>
<p>Instead, policymakers could encourage disruption in the suburbs that would benefit both sides.</p>
<h2>What can be done to capture local benefits?</h2>
<p>Airbnb claims that tourists who use the platform “stay longer and spend more”. Through taxation and additional revenue from the sharing economy, governments could fund more extensive and efficient transport networks to service both locals and visitors. Extending transport infrastructure would support the intensification of distributed neighbourhoods and maximise intermingling between tourists and locals.</p>
<p>Bottom-up densification could also be a way forward for Perth. The distribution of Airbnb accommodation towards Perth’s coastal suburbs highlights potential in this space: here, tourism-specific and local infrastructure can converge. This is an exciting prospect for a state that positions itself as a unique travel destination.</p>
<p>Airbnb emerges from the same cultural tendency as the pop-up shop and interim-use place activation. Built environment professionals must recognise it as an urban issue and lead with a framework for targeted, productive disruption.</p>
<p>Airbnb can increase the density of people within existing building stock, while dispersing the positive effects of the tourist economy. This requires more imagination from planners and designers, who first and foremost must consider the interests of individual citizens, whether they are renters or home owners.</p>
<p>Can Airbnb be a part of the solution of increasing urban infill without compromising a minimum standard of living?</p>
<p><em><span class="fn author-name">Jacqui Alexander is l</span>ecturer in Architecture, Monash University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/jacqui-alexander-196982" target="_blank">here</a>.</em></p>
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How Airbnb is reshaping our cities

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<p>Keswick Island, a Great Barrier Reef island, is on the market with $30 million hopes.</p>
<p>Keswick Developments, owned by the Dawson-Damer, is hopeful of attracting Chinese tourism interests. </p>
<p>Captain Cook charted Keswick on his maiden voyage, but since the hilly island -- home to an extinct volcano -- has been sparsely occupier with only about 20 houses and permanent residents.</p>
<p>Cars are banned, with residents travelling by golf buggy on the island.</p>
<p>Keswick Developments obtained the head lease eight years ago after the previous owner, Peter Marshall, spent 20 years attempting to develop the island.</p>
<p>The new owner will have a 117-hectare development lease with the Queensland government until 2096.</p>
<p>The rest of the 517 hectare island is national park. </p>
<p>The purchase will also give the buyer a 25-hectare seabed lease for a 180-berth marina and deep water jetty.</p>
<p>The mixed-use zoning on the sub-tropical island can accommodate 1000 dwellings and 3000 people. </p>
<p>The island, 32 kilometres off the coast of Mackay, already has a sealed airstrip, 150 subdivided lots, and preliminary key infrastructure for ongoing development.</p>
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Keswick Island listed for sale by Dawson Damer family

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<div class="column">GUEST OBSERVER</div>
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<div class="column">The China tourist boom continues to pay dividends.</div>
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<div class="column">The number of tourists to Australia from China and Hong Kong combined is now heading towards 1.4 million in the past year – and the gap is widening on the visitors from New Zealand.</div>
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<div class="column">In fact 52,000 more tourists visited our shores from Greater China than compared with NZ over the past year. A remarkable change when you consider that even up to three months prior annual tourists from NZ exceeded Greater China by almost 7,000.<br><br>And with China and Hong Kong tourist numbers continuing to grow at a 21 percent plus annual rate, there are more landmark results likely to be recorded over the next year. It is even more astonishing when you consider that just over four years ago Chinese tourist numbers were around half those of New Zealand.</div>
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<br>Clearly our number one tourist group is has shifted and the new winners from the China boom are tourist operators and retailers rather than mining companies that benefitted in the first stage of the China boom.</div>
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<br>Tourists from mainland China is fast closing in on 1.1 million in the past year, up 23 percent over the past year. While some may fret about the slowdown in the Chinese industrial sector, the more forward-thinking analysts are focussing on the boost to Australian retailers from increased spending by Chinese consumers and the growing number of Chinese tourists.</div>
<div class="column"> </div>
<div class="column">The rebalancing continues to be taking place across the economy. No doubt the weaker Aussie dollar is helping to alleviate some of the pressures for the weaker investment story. And from the Reserve Bank’s standpoint, policymakers will continue to monitor the transition, and debate if further stimulus is necessary to support growth.</div>
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<div class="column"><a href="https://www.propertyobserver.com.au/images/2016/07/06/Screen%20Shot%202016-07-06%20at%205.00.06%20PM.png" target="_blank">Click to enlarge</a></div>
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<br>What do the figures show?</div>
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<br>Overseas arrivals &amp; departures</div>
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<div class="column">Tourist arrivals rose by 0.2 percent in May. And departures rose by 1.5 percent. Arrivals are up 11.7 percent on the year with departures up 4.5 percent.</div>
<div class="column"> </div>
<div class="column">In May, tourists from greater China (China and Hong Kong) totalled 120,700 (mainland China 100,800, Hong Kong, 19,900), ahead of New Zealand (109,900). Greater China passed NZ for the first time in September 2015.</div>
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<br>Over the past year a record 1,133,700 tourists came to Australia from China, up 22.7 per cent over the year. Tourists from China and Hong Kong rose to a record 1,366,500 over the past year, up 21 percent over the year. Tourists from New Zealand totalled 1,314,300 visitors over the past year, but were up just 3.9 percent. <br><p>Over the past year, net permanent and long-term arrivals to Australia totalled 263,920 – the lowest level in nine years (March 2007).</p>
<p>What is the importance of the economic data?</p>
<p>The Australian Bureau of Statistics releases data on overseas arrivals and departures is produced monthly and is an indicator of the health of the tourism sector. The figures are also useful in understanding spending trends and tracking migrant numbers – an indicator with widespread implications for employment, housing and spending.</p>
What are the implications for interest rates and investors?</div>
<div class="column"> </div>
<div class="column"><a href="https://www.propertyobserver.com.au/images/2016/07/06/Screen%20Shot%202016-07-06%20at%205.01.10%20PM.png" target="_blank">Click to enlarge</a></div>
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<div class="column">Looking forward, not only will the weaker Aussie dollar should drive further tourism inflows, but it should provide an additional degree of support to the domestic tourism sector. Over time, the cheaper currency should make it more attractive to travel within Australia rather than overseas. Tourism has potential to join housing as a key driver of the Australian economy over the coming year, especially if the Aussie dollar falls further.</div>
<div class="column"> </div>
<div class="column">In-bound migration is holding at the lowest levels in nine years, meaning that there is greater scope for unemployment to fall in the short-term before businesses have to start looking abroad for suitable staff.<br><p>The Reserve Bank is likely to debate the merits of another rate cut at the August Board meeting.</p>
<p> <em>Savanth Sebastian is an economist for <a href="https://www.commsec.com.au/" target="_blank">CommSec</a></em></p>
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Migration at 9-year lows; Chinese tourism boom: Commsec's Savanth Sebastian

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<p>GUEST OBSERVER</p>
<p>In March, China (including Hong Kong) passed New Zealand as Australia’s largest source of tourists. And that gap widened in April. Over the past year 1.35 million Chinese visited our shores. This is the new boom – the tourism boom – and again it is driven by China. </p>
<p>Tourism Research Australia found that international visitors spent $36.6 billion in 2015 with China spending $8.3 billion or almost $8,000 per person. Spending was up by 18 per cent on a year earlier – the strongest growth in 14 years. And the latest data on tourist arrivals suggests that the spending by international visitors continues to lift, providing valuable momentum for the economy.</p>
<p><a href="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.19.37%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.19.37%20PM.png" alt=""></p>
<p> It has been a stellar week for the economy. Data has showed the economy growing at the fastest pace in 31⁄2 years; building approvals hit fresh record highs; car sales are at record highs; and tourist arrivals hit fresh record highs. The economy is firing on all cylinders. Clearly any suggestion that rate cuts are needed to lift a sagging economy is very much misplaced. The Reserve Bank cut rates in May – and still may cut rates again – on the premise that the economy can record even faster growth without sparking higher inflation.</p>
<p><strong>What do the figures show?</strong></p>
<p><strong>Overseas arrivals &amp; departures</strong></p>
<p><strong>Tourist arrivals </strong>rose by 1.2 percent to record highs in April. <strong>Tourist departures </strong>fell 3.4 percent in April from record highs. Arrivals are up 11.6 percent on the year with departures up 2.2 percent.  </p>
<p><strong>Tourists from greater China </strong>(China and Hong Kong) totalled 119,800 in April (mainland China 100,900, Hong Kong, 18,900), ahead of New Zealand (110,300).  </p>
<p><strong>Tourist arrivals from mainland China and Hong Kong </strong>rose to a record 1,350,000 over the past year (up 21.6 per cent over the year) ahead of tourists from New Zealand (1,313,400 visitors over the past year).  </p>
<p>Over the past year, <strong>net permanent and long-term arrivals </strong>to Australia totalled 270,230 – the lowest level in nine years (May 2007).  </p>
<p>Over the year to April, 33,500 Aussies visited Pakistan, up 33.5 per cent on the 25,200 visitors in the year to April 2015. Also 329,000 Aussies visited Japan over the past year, up 26.6 per cent over the year.  </p>
<p><a href="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.28.46%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.28.46%20PM.png" alt=""></p>
<p><strong>New Car Sales</strong></p>
<p>According to the Federal Chamber of Automotive Industries there were 96,672 new cars sold in May. Over the year to May a record 1,172,402 new cars were sold. Annual growth of 4.3 percent is the strongest in 31 months.  </p>
<p>In May alone, passenger car sales fell by 5.8 per cent on a year ago to 38,222; sports utility vehicles (SUV) sales rose 11.4 per cent to 36,230; light truck sales rose 10.6 per cent to 19,373 and heavy truck sales rose 5.9 per cent to 2,847.    </p>
<p>Sales across states in May 2016 on May 2015: NSW (+6.0 per cent); Victoria (+3.5 per cent), Queensland (+1.3 percent), South Australia (+9.6 percent), Western Australia (-5.0 percent), Tasmania (+4.3 percent), ACT (+8.9 percent) and Northern Territory (+3.1 percent).  </p>
<p><strong>Car affordability </strong> </p>
<p>New vehicle sales are rising because car affordability stands at record highs. The CommSec car affordability measure shows that someone on the average wage has to work 23.8 weeks to buy a new Ford Falcon auto sedan. That is around 2 weeks fewer than two years ago. And five years ago, the same worker would have had to work an extra seven weeks to buy the same car.</p>
<p><a href="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.29.46%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/06/03/Screen%20Shot%202016-06-03%20at%203.29.46%20PM.png" alt=""></p>
<p><strong>Performance of Services</strong></p>
<p>The Performance of Services index rose by 1.8 points to 51.5 in May. A reading above 50 suggests expansion of the services sector.  </p>
<p>The Australian Industry Group noted: “Of the five activity sub-indexes in the Australian PSI®, sales (51.7 points) and stocks (51.2 points) lifted into positive territory in May while new orders (55.3 points) continued its expansion. Deliveries (49.1 points) and employment (49.1 points) were both stable to slightly negative.”  </p>
<p>Four of the nine services sub sectors were stable or expanded in May. <strong>What is the importance of the economic data? </strong> </p>
<p>The Australian Bureau of Statistics releases data on <strong>overseas arrivals and departures </strong>each month – an indicator of the health of the tourism sector. The figures are also useful in understanding spending trends and tracking migrant numbers – an indicator with widespread implications for employment, housing and spending.  </p>
<p>The <strong>Federal Chamber of Automotive Industries </strong>releases estimates of <strong>car sales </strong>on the third business day of the month. The figures highlight the strength of consumer spending as well as conditions facing auto &amp; components companies.  </p>
<p>The Australian Industry Group compile the <strong>Performance of Services Index (PMI) </strong>each month. The Australian PSI is the Australian equivalent of the US ISM services gauge. The PSI is one of the timeliest economic indicators released in Australia. The PSI is useful not just in showing how the services sector is performing but in providing some sense about where it is heading. The key ‘forward looking’ components are orders and employment.  </p>
<p><strong>What are the implications for interest rates and investors?</strong></p>
<p>In 2015 an estimated 120 million Chinese travelled overseas. Australia’s share was just over a million tourists. So there is scope for significant growth but it will require more transport and accommodation capacity being put in place.  </p>
<p>Another month, another record high for the car industry. New vehicle sales hit new highs in the year to May and it is clear that a key reason for the strength is the fact that cars have never been more affordable.  </p>
<p>The Reserve Bank policymakers will find it harder to cut rates in coming months. That doesn’t mean that it’s impossible, rather the Reserve Bank will need to be more active explaining the change.</p>
<p><em>Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>.</em></p>
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Chinese tourism boom, record car sales: CommSec's Craig James

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<p>A private buyer has secured a foothold in the caravan park market, after recently acquiring the Woronora Village Tourist Park south of Sydney for $6.75 million.</p>
<p>Located in the Sutherland Shire region, the Woronora Village Tourist Park comprises 67 sites on a 9,017sqm landholding.</p>
<p>The Woronora Village Tourist Park, located at 1 Menai Road, generates an annual income of approximately $600,000.</p>
<p>CBRE Hotels’ Andrew Jackson negotiated the deal on behalf of Mona Enterprises Pty Limited, with the sale representing an initial yield of 9.31% and site rate of $98,881.</p>
<p>Mr Jackson said the sale result was evidence of recent intensified demand.</p>
<p>The Woronora Village Tourist Park also includes a three bedroom manager’s residence, park office, amenity block and extensive grounds.</p>
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Caravan park at Woronora sells through CBRE Hotels

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<p>Former Newscorp Australia boss and ex-RM Williams chairman Ken Cowley is having another attempt at selling Peppers Convent, the boutique Hunter Valley hotel he bought with his family for $6 million in 2010.</p>
<p>The <a href="https://jurds.com.au/listings/rural_sale-795610-pokolbin/" target="_blank">17-room boutique hotel in Pokolbin</a>, as well as the renowned Roberts Restaurant – now called Circa 1876 – has been listed by Alan Jurd of Jurd's Real Estate alongside Rob Cross of CBRE Hotels.</p>
<p>Peppers Convent was last on the market in 2013 as part of the Tower Estate portfolio of rural retreats in the Hunter Valley by the Cowleys and a group of high-profile investors.</p>
<p>The Tower Estate winery and luxury lodge sold to Karen and Michael Hope of Hope Estate, but the hotel failed to sell.</p>
<p>The convent dates to the 1870s when it was built for the Brigidine nuns in Coonamble, NSW. In 1990 it was dismantled, relocated and rebuild in Pokolbin by media magnate James Fairfax in collaboration with restaurateurs Robert and Sally Molines. The former home of the Brigidine Order of nuns, which was transported to Pokolbin was restored as a five-star guesthouse.</p>
<p>Current occupancy sits at about 70 per cent with room rates around $350 a night on weekend. </p>
<p>Peppers Convent is up for sale as a going concern with a 10-year licence agreement with Peppers, part of the ASX-listed hotel operator Mantra Group.</p>
<p>The Peppers brand dates back to 1984 when Mike and Suzi O'Connor opened Peppers Guest House in the Hunter Valley.</p>
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