<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

Apartment Sales

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A one bedroom City apartment has sold for $425,000 making it Canberra’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-apartment-act-city-125931590" target="_blank">3/1 The Mews</a>, the property includes a two storey space.
Built in 2007, it features an open living area and kitchen that opens onto the alfresco area along with high ceilings and a wall of glass.
The kitchen features stainless steel appliances.
Upstairs is the study, bedroom with walk-through robe, ensuite and balcony.
The property has direct street access and one car space with direct internal access.
It also offers a pool, sauna and BBQ area.
The property was offered through Luton agents Richard Luton and Sophie Luton.
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One bedroom City, ACT apartment sold for $425,000

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A one bedroom St Kilda East apartment has sold for $307,000 making it Melbourne’s cheapest reported weekend sale.
Located at <a href="https://www.realestate.com.au/sold/property-apartment-vic-st+kilda+east-124621614" target="_blank">22/87 Alma Road</a>, the property was marketed as perfect for first home buyers.
Built in 1960 it was last sold in 2010 for the same price of $307,000
It features original timber floors and has its own built-in robes and separate study nook for the bedroom.
Stainless steel appliances and tiled splashbacks for the kitchen are also included.
There is also a large living and dining area along with an entry level car space.
The property is in close proximity to shops, restaurants and public transport.
The property was offered through Buxton agents Simon Pintado and James French.
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Seven years on, one bedroom St Kilda East apartment sold for $307,000 same price

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A split level Soul, Surfers Paradise beachfront apartment has been listed for mortgagee sale.
Located at <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-125847162" target="_blank">4103/4 The Esplanade</a>, the 41st floor double storey apartment has views of the ocean and balconies on both level for alfresco dining.
It has 330 sq m space.
The first level has the open living room along with the formal dining with kitchen.
A study is also located on the first floor along with a large balcony running the entire length of the apartment.
A spiral staircase goes to the second level that leads to the three bedrooms and bathrooms along with media room and balcony.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/25/Screen%20Shot%202017-07-25%20at%2011.45.10%20am.jpg" alt="">
The property also has access to a indoor heated pool, spa, sauna and gym while outdoor are water features and BBQ area.
The property is offered through PRD Nationwide agent Adam Scott who has schedule an August 5 auction.
"Unique and rarely offered for sale, it is one of only four of "The Beach House Range" quality double storey apartments in the complex," the marketing says.
It last traded in 2014 at $2.7 million.
Soul was completed in 2011 by Juniper.
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Mortgagee Surfers Paradise beachfront apartment listed for auction

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Foreign buyer-funded new apartment sales will more than halve over the next three years, latest forecasts by MBA show. 
It comes as local banks cut back funding to overseas buyers, along with the higher surcharges and taxes levied by state governments.
The MBA forecasts commencements of new units supported by foreign purchases will fall from the rolling 12-monthly peak of 48,251 in June last year to 23,304 in June 2019.
The group's latest Industry Forecasts Australia June 2017 report says foreign investor activity is expected to "fall considerably" in the next two years as recent moves by the commonwealth government and by the NSW state government tighten restrictions on foreign property buyers.
The report predicts apartment construction in NSW to fall by almost 40 per cent over the next four years, noting the NSW market with its high reliance on domestic and offshore investors will face the biggest correction as Australia's biggest-ever housing construction boom slows. 
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Foreign buyer-funded new apartment sales will more than halve over the next three years

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 One bedroom units topped new apartment sales in Brisbane in the March quarter, even though sales volume in the city fell nearly 40 percent in the March 2017 quarter from the previous quarter, according to new research by Urbis.
Brisbane’s new apartment market recorded 302 sales in the quarter, but despite the lesser numbers, the weighted average sale price has strengthened compared to a year ago. 
The overall weighted average sale price was $670,861 –  the second highest weighted average sale price ever it said. The price was $595,664 in the comparable quarter a year back, the Urban Developer reported.
The proportion of foreign investor buyers also fell down to 4 percent compared to 20 percent one year ago.
Urbis associate director Paul Riga said some results were surprising.
The one-bedroom one-car product made up the majority of sales (39 percent) for the first time since 2014.
“This quarter we saw some survey results which the market didn’t anticipate, in addition to others we knew were coming,” Riga said. 
“Firstly, one-bedroom one-car product took on the two-bedroom market. These one-bedroom sales were split across a range of developments and precincts, the majority being evenly split between the Inner South (26 percent), Inner West (24 percent) and Inner North (22 percent).”
The one-bedroom one-car product is also the most in demand rental type in addition to the most sold stock type, the Urbis Inner Brisbane Apartment Rental Review said.
“Developers need to look close to home and deliver product attractive to the local investor and owner occupier. The split between owner occupier (19 percent), local investor (26 percent) and interstate investor (32 percent) purchases remained relatively even. However, over the last 12 months foreign investor buyers has gone down from 20 percent to 4 percent. With regulatory changes to our lending, we were expecting this decline,” Riga said.
New apartment supply fell in line with the sales decline, with just 225 units launched this quarter compared to 668 in the previous quarter.
There were more sales than apartment launches  – a good sign because it allows absorption of supply. 
“We will continue to see a slowdown in supply,” Riga said. “Once again apartment approvals dropped to 1,299 units – the lowest number we have recorded since 2014. It is important that the market continues to self-regulate.”
In spite of lesser sales and supply numbers, there was no noted difference in pricing across Inner Brisbane, according to Urbis.
“One-bedroom one-car product pricing did decrease by $20,000, which may have contributed to the increase in sales but it was also location and product specific,” Riga said. “However two, three, four bed and penthouse product all registered an increase in the weighted average sale price.
Riga doesn’t expect a drastic fall in new inner city apartments.
“I don’t expect to see any drastic reduction in price, especially for quality new product in inner city locations.” 
Some recent sales include a one-bedroom apartment with car parking at <a href="https://www.realestate.com.au/sold/property-unit-qld-newstead-125046862" target="_blank">210/28 Masters Street, Newstead, Qld 4006</a> that changed hands for $318,000. The selling agency was Professionals.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/05/Brisbane1.jpg" alt=""> 
 
Another one-bedroom apartment with car park at <a href="https://www.realestate.com.au/sold/property-apartment-qld-teneriffe-124862434" target="_blank">507/113 Commercial Road, Teneriffe, Qld 4005</a> sold for $415,000 through The Place.
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/05/Brisbane2.jpg" alt=""> 
Urbis Brisbane Apartment Essentials Q1 2017 Snapshot
The Brisbane Apartment Essentials Report found:
•302 sales were recorded in the March 2017 quarter, a 37 percent drop in sales from the previous quarter which recorded 480 sales.
•The weighted average sales price for the March 2017 quarter was $670,861, only a $2,420 decrease compared to the December 2016 quarter. This is the second highest weighted average sale price ever recorded.
•One-bedroom one-car product made up the majority of sales at 39 percent of total sales, this is the first time since 2014 that we have seen one-bedroom sales overtake two-bedroom sales.
•Less than a third of new apartments launched in the March 2017 quarter (225 units) compared to the previous December 2016 quarter (668 units).
•Foreign investor buyers down to 4 percent compared to 20 percent one year ago. Split between owner occupier (19 percent), local investor (26 percent) and interstate investor (32 percent) purchases relatively even.
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One bedroom units outnumber two bedders in Brisbane: Urbis

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New apartment sales in Melbourne are slowing, along with supply, according to property consultant Urbis.
The consultancy's fourth quarter 2016 survey suggested 10 surveyed projects had already met pre-sale thresholds.
But others have "likely been affected by moderating short-term demand conditions", according to Urbis whom issued the report as the market responds to the latest curbs on investment.
Mark Dawson, director of property economics and research, said supply volumes were starting to scale back as financial and regulatory measures applied the brakes.
"Future launches will give a more genuine indication of market appetite for central city projects, since there has been some easing of momentum at the tail end of major projects," Dawson told Fairfax Media.
"Sales volumes have held firm in precincts outside the central city, yet continue to remain modest in the context of central city volumes over the last two years.
"Successful suburban projects are delivering similar sales numbers on a quarterly basis compared to central precinct projects, as market appetite continues to spread to the suburbs." 
According to Urbis, prices for new apartments rose in the last quarter last year compared to the previous quarter in the inner-north and inner-west precincts.
But they fell in the central, inner-east and inner-south precincts and overall.
The weighted average sale price in inner Melbourne was $658,000.
"Prices tend to move around on a quarterly basis due to variation in stock, so we have not seen evidence of a pullback in pricing," Mr Dawson said.
Separate figures from consultancy Charter Keck Cramer last month showed the number of apartment commencements in Melbourne dropped<a href="https://www.afr.com/real-estate/melbourne-apartment-correction-could-tip-into-affordability-disaster-udia-20170308-gut6pz"> </a>from 24,500 in 2015 to 16,300 last year.
The Weekend Australian reported more than half the apartments bought off the plan in Melbourne’s CBD, Docklands and Southbank since 2011 have changed hands at a loss, according to research from BIS Oxford Economics.
The rash of losses sets a lower bar for valuers, meaning banks are willing to lend less on the next sale, according to BIS analyst Angie Zigomanis.
“The risk is that this cascades down, setting lower benchmarks for the next round of apartment projects,” he said.
According to BIS Research, Melbourne city, which includes the CBD, Southbank and Docklands, Whitehorse city (including Box Hill, Burwood and Mitcham) and Port Phillip city (including Port Melbourne, St Kilda and part of Southbank) saw more than half units bought off the plan since 2011 breaking even or reselling at a loss.
Melbourne’s building cycle will peak in 2017 with 18,350 new high-rise units completed compared with 13,453 last year. 
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New apartment sales in Melbourne slowing: Urbis

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Singer Mahalia Barnes and musician husband Ben Rodgers have sold their Redfern Watertower factory conversion after it was pulled from auction last month.
The Berrima-bound musical couple reduced their asking price from $1,475,000 to $1,425,000, prompting the sale through BresicWhitney agent Charles Touma.
Renovated since their $665,000 purchase in 2010, the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-redfern-124625294" target="_blank">three bedroom, two bathroom apartment</a> comes with a space that Barnes converted into a studio for musos to work in.
The split level apartment has 115 sqm inside space.
The couple have bought in Berrima to be closer to her rock legend father Jimmy Barnes, who lives in Bowral.
This article first appeared in the Daily Telegraph.
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firstname1-iYD4UYzvBa

Singer Mahalia Barnes sells in Redfern

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A one bedroom, one bathroom apartment at Kingsville, some kms from the Melbourne CBD, sold at weekend for $210,000, making it the most cheapest sale across the capital cities.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-kingsville-124745538" target="_blank">2/57 Kingsville Street</a>, the property is a great place to invest with the added addition of an allocated car parking space.
With original proportions it features a living/dining area accompanied by a bright open-plan kitchen zone.
The double bedroom offers built-in robes and an ensuite bathroom.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/19/2_57%20Kingsville%20Street-2.jpg" alt="">
From a first home buyer perspective there are simple, straightforward options if further renovations are necessary.
Close proximity to Chatfield Street, Cruickshank Park and new cafes.
The property was offered through Jas Stephens Real Estate agent Andy Simpson.
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Kingsville one bedroom apartment sold for $210,000

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Fox Footy League Teams co-host Paul Roos, the former Sydney Swans coach and wife Tami have snappily sold their redundant Coogee apartment for $3.1 million.
Mark McPherson and Emilee Tayyara at McGrath Coogee exchanged contracts on the whole-floor penthouse style apartment following its first open for inspection.
Paul was flying in from Hawaii and managed to sign the papers at the airport on his interconnecting flight to back to his Brighton, Melbourne base.
Paul and Tami bought the 247 sqm <a href="https://www.realestate.com.au/sold/property-apartment-nsw-coogee-124789250" target="_blank">2/28 Arcadia Street</a> apartment in 2015, spending $2,165,000 on the Allen Jack+Cottier designed space.
The couple who divide their time between Hawaii and Melbourne spent $3.85 million when upgrading from Elwood last year.
This article first appeared in the Daily Telegraph.
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Former Sydney Swans coach Paul Roos sells Coogee apartment for $3.1 million

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Six Fitzroy units have hit the market in one line, a potential opportunity for boutique developers and investors.
Colliers International’s Hamish Burgess and Ted Dwyer have been appointed to auction the block of six two bedroom units at 320 George Street, Fitzroy.
The prime-located 570 square metre allotment, within walking distance of Brunswick, Smith and Johnston streets, is anticipated to draw interest around the $3.8 million mark.
Suitable for a luxury townhouse development, there is scope for redevelopment for up to six high-end dwellings.
Leased on a monthly basis for an annual income of about $124,848, the units also represent a passive investment opportunity for discerning buyers.
320 George Street will go to auction on December 9. 
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