<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

<html><body>
<div id="story-description">
An off the plan Sydney penthouse has sold for $27 million to set a new Australian apartment record.
The sale of the penthouse in the planned Opera Residences development at Circular Quay comes just days after a buyer paid $26 million for another penthouse in the same development.
<img src="/images/2016/11/21/700_opera11.jpg" alt="">
The 20-level Circular Quay tower is to be developed by Macrolink Landream.
All but one of the 110 apartments sold before midday Saturday, including the remaining sub penthouse, which went for $16 million.
The $27m penthouse was sold through CBRE agent Tim Rees who also sold the $26 million apartment.
The $27 million deal was signed “unconditionally” and the buyer was a local.
<img src="/images/2016/11/21/700_opera22.jpg" alt="">
Construction of Opera Residences, on the site of the old Coca-Cola Amatil building, will start in April with a December 2019 completion.
The two Opera Residences penthouse prices beat the previous record for the most expensive Australian apartment set by Melbourne’s Australia 108 development, where a penthouse sold last year for $25 million.
</div>
 
</body></html>

jchancellor-FAypfDUnLy

Now a $27 million off the plan penthouse sale on Macquarie Street

<html><body>
The Secret Agent has updated its price per square metre index for secondary apartments in inner Melbourne.
After adding 406 apartment sales from the last quarter, our index now consists of 1276 apartments sold between 1st January 2016 to 30th September 2016.
The updated average square metre rate for apartments in inner Melbourne is $8,687/sqm.
This figure is beginning to stabilise since our last two reports ($8,679/sqm in Q2 and $8,767/ sqm in Q1).
In this update, we present a more thorough look into the price per square metre rates of apartments by suburb, further categorising sales according to the number of bedrooms.
These results are shown in Table 1.
<a href="/images/2016/10/27/Table%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/27/Table%201.jpg" alt="">
Overall, the three most expensive suburbs to purchase an apartment are Albert Park ($13,276/sqm), East Melbourne ($11,914/sqm) and Middle Park ($10,720/sqm).
These areas have consistently topped our index. The least expensive apartments per square metre can be found in Travancore ($6,563/ sqm), Kensington ($6,869/sqm) and Flemington ($7,079/sqm).
A few things can be observed when considering apartments with a larger accommodation.
In some suburbs, the increase in number of bedrooms is directly proportional to the price per square metre, as seen in the CBD region, Carlton, Collingwood, Clifton Hill and South Yarra.
We can see that most of the inner North and inner West suburbs tend to have decreasing price per square metre rates as apartments grow in accommodation size.
However, note that some of the data may be inaccurate due to the small number of sales available for that particular apartment type.
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j.ballantyne1990-6AQqhLzZaK

Albert Park, East Melbourne and Middle Park offer priciest apartments per sqm

<html><body>
The latest research from Sydney Units Cityscope shows that apartment sales in Sydney’s CBD have decreased appreciably both in number and total sales value in the last quarter, according to CoreLogic’s latest report.
For the three months to October 2016, there were 180 sales at a total value of $213 million, compared to 296 sales at a total value of $462.8 million for the previous quarter.
The yearly figures have increased in total sales value but decreased in number, with 898 sales at a total value of $1.15 billion for the twelve months to October 2016, compared to 947 sales at a total value of $1.04 billion for the previous year.
The table below shows sales recorded for the past eight updates of Sydney Units Cityscope:
<a href="/images/2016/10/21/Sydney%20table.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/21/Sydney%20table.jpg" alt="">
Notable sales in the October 2016 update of Sydney Units Cityscope include:
<ul>
<li>Lot 131, 157-167 Liverpool Street, Sydney, a 1,085-sqm apartment with four balconies, a terrace, deck and pool, two storage areas and five parking spaces in the basement, which was transferred for $30.15 million; 
</li>
<li>Unit 1101, 61-69 Macquarie Street, Sydney, a 203-sqm, two-bedroom apartment with balconies, a storage lot and basement parking for 3 cars, which sold for $9 million; 
</li>
<li>Unit 59, 155-161 Macquarie Street, Sydney, a 199-sqm, three-bedroom apartment with a balcony and basement parking for four cars, which sold for $4.25 million; and 
</li>
<li>Unit 2503, 127-153 Kent Street, Sydney, a 146-sqm, two-bedroom apartment with a balcony, which sold for $4 million.</li>
</ul>
<a href="/images/2016/10/21/Sydney%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/21/Sydney%20graph.jpg" alt="">
</body></html>

CBD apartment sales volume in Sydney in decline: CoreLogic

<html><body>
Greater Western Sydney AFL star Shane Mumford and fiancee Eva Konta have secured $2.155 million for their Bondi Beach garden apartment.
Mumford, who sat in the front row at the mid-week auction, paid $1,181,500 for the two bed, two bathroom garden unit in 2011.
LJ Hooker Bondi Beach agent Calum Walters secured the listing after the couple bought a four bedroom home in Pagewood.
Mumford had been the underbidder on a $2.2 million warehouse conversion in Rozelle.
It was almost sold to Braith Anasta's mother, Kim who missed out on the apartment after bidding up to $2.15 million through Jason Black.
This article was first published in The Saturday Telegraph.
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firstname1-iYD4UYzvBa

GWS star Shane Mumford sells at Bondi Beach

<html><body>
2016 totalled $126.5 million, a decrease from the $178.9 million recorded to May 2016, and from the $314.9 million recorded to February 2016. 
The latest data brings the twelve-month sales total to $851.4 million, a decrease from the previous 12 months, which recorded sales of $1.355 billion.
The table below shows sales recorded for the past eight updates of Melbourne Units Cityscope.
<a href="/images/2016/08/19/Melboure%20unit%20table.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/08/19/Melboure%20unit%20table.jpg" alt="" width="584" height="236">
Some notable sales featured in the August 2016 update of Melbourne Units Cityscope include:
<ul>
<li>Unit 14AB, Paramount Apartments, 100-116 Bourke Street, Melbourne, a 14th floor, sub-penthouse  of 190 sqm plus six balconies which sold for $2.15 million;</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-vic-melbourne-122113462" target="_blank">Unit 14, Sargood House, 73 Flinders Lane</a>, (above) Melbourne, a two-bedroom plus study unit of 220 sqm, which sold for $2.027 million; and</li>
<li>Unit 20S, The Georges Apartments, 166-186 Little Collins Street, Melbourne, a three-bedroom second floor unit of 166 sqm with terrace, which sold for $1.86 million.</li>
</ul>
The graph below shows Melbourne's quarterly unit sales
 
<a href="/images/2016/08/19/Melboure%20unit%20Chart.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/08/19/Melboure%20unit%20Chart.jpg" alt="" width="409" height="248">
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Melbourne apartment sales down in August quarter: CoreLogic

<html><body>
The $197 million Surfers Paradise development Markwell Residences from Citimark Properties has sold 50 percent of apartments in the 46-level tower totalling $80 million since launch last year.
Pricing has now been increased, and a civil construction contract tendered to add an additional level to the building.
 Citimark Properties managing director Angus Johnson said interest from the Australian market had been integral to the project’s sales success.
“Around 70 percent of sales have been sourced from local and Sydney agents, with the balance from offshore,” he said.
“Markwell Residences is reaping the combined benefits of limited development opportunities in the central Gold Coast and being the first new residential tower to be marketed in central Surfers Paradise in seven years.
“It is a very scalable project and it has been designed so that each apartment takes advantage of the views from the ocean through to the hinterland,” he said.
“Owner occupiers and investors are attracted to the centralised lifestyle benefits that Surfers Paradise has to offer, with international standard dining, nightlife and cultural precincts on their doorstep.
"Being only 180 metres from the beach and so close to the light rail represents a level of convenience that is highly sought after. 
Residents will have access to the world-class Recreation Retreat, a 1200sqm oasis with café, 22m aquatic lounge pool, three outdoor thermal baths, international standard day spa, yoga deck, high-tech fitness club, urban garden rooms and private outdoor and indoor dining pavilions.
For more details about Markwell Residences click <a href="https://markwellgoldcoast.com.au" target="_blank">here</a>.
</body></html>

jonathanchancellor-7SQnKwU6yx

$80 million sales in Markwell amid Gold Coast market uplift

<html><body>
There were 20 Melbourne suburbs with at least 25 unit sales in the June quarter included in the list of the best performing, according to the REIV.
Elwood headed the list jumping to a $709,000 median.
Property Observer found four Elwood apartment offerings and sales around the median price.
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Suburb"}'>Suburb</td>
<td data-sheets-value='{"1":2,"2":"Jun-16 Median"}'>Jun-16 Median</td>
<td data-sheets-value='{"1":2,"2":"Mar-16 Median"}'>Mar-16 Median</td>
<td data-sheets-value='{"1":2,"2":"Quarterly Change"}'>Quarterly Change</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ELWOOD"}'>ELWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":709000}'>$709,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.233}'>23.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BENTLEIGH EAST"}'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":920000}'>$920,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":755000}'>$755,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.219}'>21.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAWTHORN EAST"}'>HAWTHORN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":701000}'>$701,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.219}'>21.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KENSINGTON"}'>KENSINGTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":530000}'>$530,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":435000}'>$435,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.218}'>21.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"GLEN WAVERLEY"}'>GLEN WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":813500}'>$813,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":682000}'>$682,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.193}'>19.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARNEGIE"}'>CARNEGIE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":590000}'>$590,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":501000}'>$501,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.178}'>17.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRIGHTON"}'>BRIGHTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":953000}'>$953,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":815000}'>$815,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.169}'>16.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ARMADALE"}'>ARMADALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":643500}'>$643,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":551000}'>$551,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.168}'>16.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARLTON"}'>CARLTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":405500}'>$405,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":347500}'>$347,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.167}'>16.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SOUTH MELBOURNE"}'>SOUTH MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":692000}'>$692,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":600000}'>$600,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.153}'>15.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HIGHETT"}'>HIGHETT</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":712500}'>$712,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":625000}'>$625,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.14}'>14.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DANDENONG"}'>DANDENONG</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":352500}'>$352,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":310000}'>$310,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.137}'>13.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAULFIELD NORTH"}'>CAULFIELD NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":652500}'>$652,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":585000}'>$585,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.115}'>11.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"COLLINGWOOD"}'>COLLINGWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":686000}'>$686,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":617500}'>$617,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.111}'>11.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"THORNBURY"}'>THORNBURY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":507500}'>$507,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":460000}'>$460,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.103}'>10.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEW"}'>KEW</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":760000}'>$760,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":690000}'>$690,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.101}'>10.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRUNSWICK EAST"}'>BRUNSWICK EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":524500}'>$524,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.096}'>9.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MELBOURNE"}'>MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":440000}'>$440,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":403000}'>$403,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.092}'>9.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PRAHRAN"}'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":541000}'>$541,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":500000}'>$500,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.082}'>8.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ST ALBANS"}'>ST ALBANS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":340000}'>$340,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":316000}'>$316,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.076}'>7.60% 
</td>
</tr>
</tbody>
</table>
A northern block apartment, <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122804914" target="_blank">14/135-137 Brighton Road Elwood</a> (above) recently sold for $580,000.
Apartment <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122957950" target="_blank">3/145 Glen Huntly Road</a> Elwood (below) recently sold for $670,000.
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.14.48%20PM.png" alt="">
 
The two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122192270" target="_blank">5/15 Dickens Street Elwood</a> (below) recently sold for $686,000
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.20.07%20PM.png" alt="">
An apartment with city views, <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122094842" target="_blank">26/125 Ormond Road Elwood</a> (below) sold for $690,000
 <img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.25.04%20PM.png" alt="">
</body></html>

Elwood heads Melbourne's best 20 performing unit markets

<html><body>
Allure on Ludwick Cannon Hill is a development by Your Style Homes which is now almost sold out with just two apartments left.  
The apartments featured an oversized floor plan which is above the average apartment square meterage for a Brisbane one bedroom dwelling.
Managing director Dean Parker believes this offering has formed a large part of its success in a tough apartment market. 
The newly completed 58 Ludwick Street project by developers Your Style Homes has one-bedroom units featuring a combined internal and external floor space of 69 sqm including balcony or courtyard, significantly larger than Brisbane’s reported typical one bedroom apartment size of 52 sqm. 
Just two dwellings remain for sale in the 30-apartment complex after the project launched to market in late 2015 with prices starting from $325,000. 
The development is now attracting strong interest from younger renters who have begun to move in. 
Dean Parker said the apartments addressed all buyers’ wish lists in a suburb with a low suburb vacancy rate of just 1.22 per cent. 
“Our spacious, well-designed one bedroom apartments started at $325,000 - well below the $400,000 to $499,000 price point, considered the “sweet spot” for a one bedroom Brisbane apartment.  
 “These apartments offered two different colour schemes and a choice of a balcony or courtyard with secure car parking, providing a spacious and high quality offering residents. 
“We know buyers seeking one and two-bedroom stock are price-sensitive but also wish to purchase a dwelling that maximises value for money through a lower price coupled with strong potential yields. This value was recognised by buyers at Allure, and has now been passed on to renters who are now eager to move into the development,” Mr Parker said. 
The project sits less than 10 kilometres to Brisbane’s CBD and is placed 150 metres from the forthcoming $600m East Village precinct which is set to offer high quality retail and restaurant options from the designers of Brisbane’s Emporium.
Allure apartments are only a 550m walk to Cannon Hill’s Kmart Plaza. 
The two apartments remaining for sale include one one-bedroom apartment for $345,000 and one two-bedroom apartment for $465,000. Two bedroom apartments feature a combined internal and external area of 93 square metres.  
For more information, <a href="https://www.yourstylegroup.com.au/allure" target="_blank">click here</a>.
</body></html>

Bigger one bedders secure sales success in Brisbane

<html><body>
A four-storey complex comprising serviced apartments and commercial spaces in Adelaide’s northern suburb of Mawson Lakes has been snapped up by a Singapore-based investor for $18 million. 
The sale of Quest Mawson Lakes was negotiated by Rino Carpinelli and Peter Isaksson of Savills South Australia along with joint agent Tony Ricketts of Knight Frank. 
The property was sold on a passing yield of 8%.
Located on a 2,467 sqm site, the property comprises 66 serviced apartments on the three upper levels while the ground floor is fully leased to seven commercial and retail tenancies. The serviced apartments come in studio, one-bedroom and two-bedroom configurations. 
The purpose-built facility was built in 2008/2009 and is managed by serviced apartment operator Quest, which recently extended its lease to 2024.
“The sale to a Singapore-based investors highlights that international buyers are increasingly looking beyond Australia’s major east coast capitals of Sydney and Melbourne for high quality, strategic investments,” said Isaksson.
 
</body></html>

Adelaide apartment complex sold to Asian investor for $18 million through Savills

<html><body>
The former NRL star and rugby's first openly gay player Ian Roberts has picked up a quick $1.41 million sale for his Redfern apartment.
Belle Property had a price guide of between $1.3 million and $1.4 million for the property which sold pre-auction.
The <a href="https://www.belleproperty.com/buying/NSW/Eastern-Suburbs/Redfern/Apartment/44P1864-d2109-780-bourke-street-redfern-nsw-2016" target="_blank">dual level apartment</a> has two bedrooms and a wrap around entertainers balcony off the open plan living area.
Roberts, who bought the property in 2008 for $945,000, is looking to downsize nearby.
Following his successful career in rugby league, Roberts turned to acting and appeared as Riley, a henchman of Lex Luthor in Superman Returns in 2006.
</body></html>

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