<p>Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.</p>

<p>Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.</p>

<p>Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=372638]</p>

<p>The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;</p>

<p>Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.</p>

<p>Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=3286]</p>

<p>Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.</p>

<p>"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.</p>

<p>"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."</p>

<p>The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.</p>

<p>[smartcode_project_cta:default project_id=112195]</p>


Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

<p>Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.</p>

<p>Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.</p>

<p>The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.</p>

<p><a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.</p>

<p>The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.</p>

<p><img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" /></p>

<p>Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.</p>

<p>"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.</p>

<p>The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.</p>

<p>The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.</p>

<p>Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.</p>

<p>Bakir said the project had been designed to respond to that shift in buyer expectations.</p>

<p>"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.</p>

<p>Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.</p>

<p>Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.</p>

<p>Early site works are underway, with construction expected to commence later this year.</p>


Homecorp approved for Budds Beach apartment tower, Lýon Residences

<p>New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.</p>

<p>Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.</p>

<p>Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.</p>

<p>[smartcode_project:default project_id=28384 project_image_fid=3823]</p>

<p>Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.</p>

<p>The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.</p>

<p>"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.</p>

<p>"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."</p>

<p>[smartcode_project:default project_id=28384 project_image_fid=3826]</p>

<p>The rarity of the development hasn't been lost on prospective buyers, McSweeney says.</p>

<p>For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.</p>

<p>"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."</p>

<p>The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe></p>

<p>A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.</p>

<p>The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.</p>

<p>At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.</p>

<p>[smartcode_project:default project_id=28384 project_image_fid=372542]</p>

<p>The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.</p>

<p>Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.</p>

<p>Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.</p>

<p>"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."</p>

<p>Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.</p>

<p>[smartcode_project_cta:default project_id=28384]</p>


North-facing Swan River views drive demand at Rivière Residences in Applecross

<p>Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.</p>

<p>The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.</p>

<p>[smartcode_project:default project_id=143337 project_image_fid=374768]</p>

<p>McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.</p>

<p>"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.</p>

<p>"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."</p>

<p>[smartcode_project:default project_id=143337 project_image_fid=374767]</p>

<p>A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.</p>

<p>The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.</p>

<p>[smartcode_project:default project_id=143337 project_image_fid=374760]</p>

<p>Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.</p>

<p>Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.</p>

<p>"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."</p>

<p>Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.</p>

<p>[smartcode_project:default project_id=143337 project_image_fid=374761]</p>

<p>Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.</p>

<p>"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.</p>

<p>She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.</p>

<p>Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.</p>

<p>Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.</p>

<p>Construction is underway, with completion expected in the second half of 2027.</p>

<p>[smartcode_project_cta:default project_id=143337]</p>


More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

<p>Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.</p>

<p>The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.</p>

<p>"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.</p>

<p>"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”</p>

<p>He said the declaration reflected the rapid progress achieved since acquiring control of the site.</p>

<p>"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."</p>

<p>When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.</p>

<p>"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.</p>

<p>"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."</p>

<p>The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.</p>

<p><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a></em></p>

<p>The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.</p>

<p>Takada previously said the design was driven by a philosophy of integrating nature into the built environment.</p>

<p>"The concept for this development is born from our design approach to naturalising architecture," Takada said.</p>

<p>"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."</p>

<p>Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.</p>

<p>"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.</p>

<p>The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;</p>

<p>The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.</p>


Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Domain

<html><body>
<div dir="ltr" align="left"><span dir="ltr">The median house price in Melbourne increased 13.9 per cent year-on-year. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">But the rate of growth in the September quarter was the slowest for Melbourne since the September quarter 2014.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left">
<span dir="ltr">The median house price in Melbourne increased 1.3 per cent over the September quarter to $880,902, the</span> Domain Chief Economist, Dr Andrew Wilson said.</div>
<div dir="ltr" align="left">
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Median unit prices in Melbourne grew significantly, increasing by 3.4 per cent over the September quarter to a new record high of $506,334. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">"This means that year-on-year, unit prices have now increased by an incredible 11.4 per cent," Dr Wilson said.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">"The results suggest that recent record levels of new apartment development have had a negligible impact on price, with demand continuing to absorb higher levels of supply."<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">While the median rental price for houses in Melbourne remained steady over the September quarter, sitting at $420 per week, rental prices are up 5 per cent over the last 12 months.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left">
<div id="1468469170927-5">
<div class="wpb_text_column wpb_content_element ">
<div class="wpb_wrapper">
<p class="domain-table-title">Domain quarterly stratified median house prices</p>
<div>
<table class="domain-table">
<thead><tr>
<td>HOUSE</td>
<td>SEP 2017</td>
<td>JUN 2017</td>
<td>SEP 2016</td>
<td>QOQ %</td>
<td>YOY %</td>
</tr></thead>
<tbody>
<tr>
<td>Sydney</td>
<td>$1,167,516</td>
<td>$1,190,677</td>
<td>$1,079,309</td>
<td class="negative">-1.9%</td>
<td class="positive">8.2%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>$880,902</td>
<td>$869,598</td>
<td>$773,399</td>
<td class="positive">1.3%</td>
<td class="positive">13.9%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>$551,840</td>
<td>$552,874</td>
<td>$531,767</td>
<td class="negative">-0.2%</td>
<td class="positive">3.8%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>$519,517</td>
<td>$520,846</td>
<td>$498,971</td>
<td class="negative">-0.3%</td>
<td class="positive">4.1%</td>
</tr>
<tr>
<td>Perth</td>
<td>$554,095</td>
<td>$561,391</td>
<td>$567,314</td>
<td class="negative">-1.3%</td>
<td class="negative">-2.3%</td>
</tr>
<tr>
<td>Canberra</td>
<td>$723,980</td>
<td>$693,962</td>
<td>$655,468</td>
<td class="positive">4.3%</td>
<td class="positive">10.5%</td>
</tr>
<tr>
<td>Hobart</td>
<td>$409,592</td>
<td>$392,170</td>
<td>$356,916</td>
<td class="positive">4.4%</td>
<td class="positive">14.8%</td>
</tr>
<tr>
<td>Darwin</td>
<td>$593,329</td>
<td>$615,670</td>
<td>$610,510</td>
<td class="negative">-3.6%</td>
<td class="negative">-2.8%</td>
</tr>
<tr>
<td>National</td>
<td>$819,455</td>
<td>$823,381</td>
<td>$758,367</td>
<td class="negative">-0.5%</td>
<td class="positive">10.8%</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Similarly, median unit rents remained steady at $400 per week, up 5.3 per cent year-on-year.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">“This period of growth marks the 20th consecutive quarter of house price growth for Melbourne. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">"While house prices continue to grow at a steady rate, unit demand is soaring.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<span dir="ltr">"The latest growth figures are further indication that demand is significantly ahead of supply," </span>Dr Wilson said.</div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">
<div dir="ltr" align="left"><span dir="ltr">With policies in place to further restrict investors, it’s likely that rental prices will continue to rise, with fewer properties available, he added.</span></div>
</div>
</div>
</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Melbourne unit prices hit record $506,000 median: Domain

<html><body>
<div dir="ltr" align="left"><span dir="ltr">Brisbane unit prices dropped by 3.5 per cent over the September quarter to $376,685. </span></div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">"The median unit price is sitting at the lowest in three years, and it’s expected that unit prices will only continue to decrease. ,” said Domain Chief Economist, Dr Andrew Wilson.</div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">
<div dir="ltr" align="left"><span dir="ltr">Median house prices in Brisbane declined marginally over the quarter, dropping by just 0.2 per cent to $551,840. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Dr Wilson noted despite the drop and a relatively subdued year for the local market, house prices are up 3.8 per cent year-on-year.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left">
<div id="1468469170927-5">
<div class="wpb_text_column wpb_content_element ">
<div class="wpb_wrapper">
<p class="domain-table-title">Domain quarterly stratified median house prices</p>
<div>
<table class="domain-table">
<thead><tr>
<td>HOUSE</td>
<td>SEP 2017</td>
<td>JUN 2017</td>
<td>SEP 2016</td>
<td>QOQ %</td>
<td>YOY %</td>
</tr></thead>
<tbody>
<tr>
<td>Sydney</td>
<td>$1,167,516</td>
<td>$1,190,677</td>
<td>$1,079,309</td>
<td class="negative">-1.9%</td>
<td class="positive">8.2%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>$880,902</td>
<td>$869,598</td>
<td>$773,399</td>
<td class="positive">1.3%</td>
<td class="positive">13.9%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>$551,840</td>
<td>$552,874</td>
<td>$531,767</td>
<td class="negative">-0.2%</td>
<td class="positive">3.8%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>$519,517</td>
<td>$520,846</td>
<td>$498,971</td>
<td class="negative">-0.3%</td>
<td class="positive">4.1%</td>
</tr>
<tr>
<td>Perth</td>
<td>$554,095</td>
<td>$561,391</td>
<td>$567,314</td>
<td class="negative">-1.3%</td>
<td class="negative">-2.3%</td>
</tr>
<tr>
<td>Canberra</td>
<td>$723,980</td>
<td>$693,962</td>
<td>$655,468</td>
<td class="positive">4.3%</td>
<td class="positive">10.5%</td>
</tr>
<tr>
<td>Hobart</td>
<td>$409,592</td>
<td>$392,170</td>
<td>$356,916</td>
<td class="positive">4.4%</td>
<td class="positive">14.8%</td>
</tr>
<tr>
<td>Darwin</td>
<td>$593,329</td>
<td>$615,670</td>
<td>$610,510</td>
<td class="negative">-3.6%</td>
<td class="negative">-2.8%</td>
</tr>
<tr>
<td>National</td>
<td>$819,455</td>
<td>$823,381</td>
<td>$758,367</td>
<td class="negative">-0.5%</td>
<td class="positive">10.8%</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The median house rental price in Brisbane remained steady at $400 per week both over the September quarter and over the last 12 months. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Unit rents were also steady over the quarter, sitting at $370 per week. The result is 1.3 per cent lower than the same time last year.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">“The slight drop in house prices is in line with Brisbane’s subdued housing market over the last 12 months, while the drop in unit prices is evidence that unit supply in the local market has officially outstripped demand,” said Dr Wilson.</span></div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">Unit prices being 6.5 per cent year-on-year was reflective of the record levels of new apartment development, which has pushed supply well ahead of demand, he concluded.</div>
</div>
</body></html>

Brisbane unit supply well ahead of demand: Domain

<html><body>
<div dir="ltr" align="left"><span dir="ltr">After dropping consecutively for three quarters, the median house price in Perth has now reached the lowest recorded by the local market in five years. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">As the market continues to weaken, house rents in Perth are now the most affordable of all capital cities, said Domain Chief Economist, Dr Andrew Wilson.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left"><span dir="ltr">The median house price in Perth dropped a further 1.3 per cent over the September quarter, to a five year low of $554,095.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left">
<div id="1468469170927-5">
<div class="wpb_text_column wpb_content_element ">
<div class="wpb_wrapper">
<p class="domain-table-title">Domain quarterly stratified median house prices</p>
<div>
<table class="domain-table">
<thead><tr>
<td>HOUSE</td>
<td>SEP 2017</td>
<td>JUN 2017</td>
<td>SEP 2016</td>
<td>QOQ %</td>
<td>YOY %</td>
</tr></thead>
<tbody>
<tr>
<td>Sydney</td>
<td>$1,167,516</td>
<td>$1,190,677</td>
<td>$1,079,309</td>
<td class="negative">-1.9%</td>
<td class="positive">8.2%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>$880,902</td>
<td>$869,598</td>
<td>$773,399</td>
<td class="positive">1.3%</td>
<td class="positive">13.9%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>$551,840</td>
<td>$552,874</td>
<td>$531,767</td>
<td class="negative">-0.2%</td>
<td class="positive">3.8%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>$519,517</td>
<td>$520,846</td>
<td>$498,971</td>
<td class="negative">-0.3%</td>
<td class="positive">4.1%</td>
</tr>
<tr>
<td>Perth</td>
<td>$554,095</td>
<td>$561,391</td>
<td>$567,314</td>
<td class="negative">-1.3%</td>
<td class="negative">-2.3%</td>
</tr>
<tr>
<td>Canberra</td>
<td>$723,980</td>
<td>$693,962</td>
<td>$655,468</td>
<td class="positive">4.3%</td>
<td class="positive">10.5%</td>
</tr>
<tr>
<td>Hobart</td>
<td>$409,592</td>
<td>$392,170</td>
<td>$356,916</td>
<td class="positive">4.4%</td>
<td class="positive">14.8%</td>
</tr>
<tr>
<td>Darwin</td>
<td>$593,329</td>
<td>$615,670</td>
<td>$610,510</td>
<td class="negative">-3.6%</td>
<td class="negative">-2.8%</td>
</tr>
<tr>
<td>National</td>
<td>$819,455</td>
<td>$823,381</td>
<td>$758,367</td>
<td class="negative">-0.5%</td>
<td class="positive">10.8%</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
</div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Perth is one of the only capital cities (along with Darwin) to record a decrease in house prices year-on-year, down 2.3 per cent.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The median unit price in Perth also dropped significantly over the September quarter, down 6.7 per cent to $351,875. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The result 7.7 per cent lower than the median unit price 12 months ago.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The median rental price for houses dropped 2.8 per cent over the September quarter to $350 per week; 7.9 per cent lower year-on-year. While the median unit rental price remained steady over the quarter, the result is still 6.3 per cent lower than at the same time last year.</span></div>
</div>
</body></html>

Perth house prices at five year low: Domain

<html><body>
<div dir="ltr" align="left"><span dir="ltr">Canberra is in catchup mode – bucking the trend of most capital cities and recording increases in rents and house prices, said Domain Chief Economist, Dr Andrew Wilson.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left">
<div dir="ltr" align="left"><span dir="ltr">The median house price in Canberra increased an impressive 4.3 per cent over the September quarter, to reach $723,980. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The result is 10.5 per cent higher than the same time last year.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">While median unit prices in the capital city have also increased, they jumped a smaller 1.9 per cent over the September quarter to reach $427,391; 0.5 per cent lower than the same time last year.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Canberra was one of only two capital cities to record a quarterly increase in median house rents, jumping 1 per cent to $505 per week. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Unit rents remained steady at $420 per week, up 5 per cent year-on-year. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Canberra was the top performer of all capitals for gross rental yields for units, recording 5.77 per cent over the quarter.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">“After relatively subdued periods of activity in recent months, Canberra is in catchup mode,” said Domain Chief Economist, Dr Andrew Wilson.</span></div>
<div dir="ltr" align="left"> </div>
<div dir="ltr" align="left">House price growth in the city is expected to continue, given the strong migration to the area and the undersupply of houses, Dr Wilson forecast.</div>
<div dir="ltr" align="left"><span style="color: #222222; font-size: small;"><span dir="ltr"> </span></span></div>
<span style="color: #222222; font-size: small;"><span dir="ltr"><br></span></span>
</div>
</body></html>

Canberra's property prices in catch-up mode: Domain

<html><body>
<div dir="ltr" align="left"><span dir="ltr">Hobart was one of only three capital cities to record an increase in median house price over the September quarter.</span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Domain has Hobart prices up 4.4 per cent to $409,592. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">With the highest annual growth in house prices of all the capitals, the city has seen an increase of a "whopping" 14.8 per cent year-on-year, Domain chief economist, Dr Andrew Wilson said.<br></span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Despite the significant growth, the median house price is also the most affordable of all capital cities.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">As well as median house price growth, Hobart also recorded the highest median unit price growth of all cities both over the quarter – up 6.3 per cent to $323,174. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">More impressive, however, is the annual increase, with unit prices up 25.6 per cent over the last 12 months. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The growth suggests that recent record levels of new apartment development have had a negligible impact on price, with demand continuing to absorb higher levels of supply.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Hobart’s median house rental price was one of two that increased over the quarter, up 4.2 per cent to $375 per week. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">Year-on-year the weekly house rents have skyrocketed, up 13.6 per cent.<br> </span></div>
<div dir="ltr" align="left"><span dir="ltr">“Strong migration and undersupply in the property market is driving strong price growth in Hobart. For investors, Hobart is currently providing the best gross rental yields of all capital cities, with 5.29 per cent recorded in the September quarter. </span></div>
<div dir="ltr" align="left"><span dir="ltr"> </span></div>
<div dir="ltr" align="left"><span dir="ltr">The local market is confident and the boom-time results are showing no sign of slowing down, said Dr Andrew Wilson.</span></div>
</body></html>

Hobart ranks as strongest - and most affordable - house market in Australia: Domain

<html><body>
<p>Fairfax Media has warned that its revenues are down 4 percent to 5 percent on last year's levels, as it prepares its much anticipated Domain separation plan.</p>
<p>In a statement to the share market, the media company reported falling revenue for all parts of its business, except the real estate advertising arm that is about to be spun-off.</p>
<p><span>The new digital property group, Domain will have an enterprise value of $1.85 billion, less than the numbers being tossed around when private equity interest was briefly being shown.</span></p>
<p>The only part of the old Fairfax business with revenue growth was Domain, where gross earnings rose 13 percent on the back of an overall 22 percent rise in Fairfax Domain digital revenue.</p>
<p>However the total recent revenue growth at Domain of 13 percent, was down from its recent 16 per cent forecast, along with overall Domain digital revenue growth of 22 percent, coming in below a forecast of 26 percent.</p>
<p>Fairfax said it made the updated financial disclosure as part of the Domain separation.</p>
<p>The company said today's financial update will replace the usual disclosure provided at the annual general meeting, which will be on November 2.</p>
<p>After the spinoff, <span>Fairfax will no longer have direct access to Domain's cash flow and will only receive money from Domain via dividends.</span></p>
<p>In a disclosure statement Fairfax also said Domain’s costs will increase approximately 13 percent in 2017-18, from $206 million in 2016-17, in line with previous guidance.</p>
<p>The worst decline in revenue was for its metro media division — which includes the mastheads, The Age, The Sydney Morning Herald and the Australian Financial Review — where gross earnings are down 11 percent so far this financial year compared to last.</p>
<p>Australian Community Media, the local newspapers division, has had a 10 percent revenue slide.</p>
<p>Domain has signalled its intentions to be far more than a property advertising platform.</p>
<p>Domain Group is expanding into insurance with the launch of Domain Insure in conjunction with insurance specialist Envest.</p>
<p>Domain Insure, expected to launch later this year, is set to become a must-use digital solution for Domain customers seeking to meet their insurance requirements arising from buying, selling or renting property.</p>
<p>Domain chief executive officer Antony Catalano said Domain Insure adds to Domain’s suite of real estate products and services spanning home loans, utilities connections and trade services "which together deliver on our ambition to meet the modern needs of property consumers throughout their property lifecycle of buying, owning and selling."</p>
<p>Domain’s portfolio of offerings include home loan brokering business Domain Loan Finder, utilities connections business Compare &amp; Connect, home improvement and maintenance business Oneflare, open for inspection check-in management system Homepass, in addition to Domain Insure.</p>
<p>Fairfax confirmed in August it plans to retain 60 percent of the shares in the separately listed Domain, with Fairfax shareholders taking the other 40 percent.</p>
<p>The company also confirmed in August Fairfax Media chairman Nick Falloon will take the same post at Domain.</p>
<p>The board will be:</p>
<p>Nick Falloon, Chairman and Non-Executive Director;</p>
<p>Greg Ellis, Independent Non-Executive Director;</p>
<p>Geo Kleemann, Independent Non-Executive Director;</p>
<p>Diana Eilert, Independent Non-Executive Director;</p>
<p>P<span style="font-size: 12.16px;">atrick Allaway, Non-Executive Director;</span></p>
<p>Gail Hambly, Non-Executive Director; and</p>
<p>Antony Catalano, Chief Executive Officer and Managing Director.</p>
<p>"Domain is a real estate media and technology services business, covering services across digital and print platforms," Falloon said in the statement.</p>
<p>"The business, which delivered FY17 revenue from operations of $320 million, has a strong track record of growth, with total revenue increasing at a 28% compound annual growth rate over the past three years.</p>
<p>"Domain has a subscriber base of approximately 12,000 agencies and the large majority of all property listings in every state on its site, providing a strong platform to drive national expansion and depth revenue in the future."</p>
<p>Post separation, Domain will incur a range of costs and adjustments attributable to being a standalone, ASX-listed company. </p>
<p>The total pro forma standalone cost adjustments are $10 million in FY17 consisting of:</p>
<p>$2 million for Domain Board costs, listing and other costs associated with Domain becoming a standalone entity;</p>
<p>$6 million for additional corporate duties; and</p>
<p>$2 million in FY17 reflecting corporate costs attributable to Domain which were previously unallocated to Domain for the purpose of Fairfax Media segment reporting.</p>
<p>The amounts include charges paid by Domain to Fairfax Media.</p>
<p>Following the separation, Domain will continue to be consolidated by Fairfax Media and therefore the incremental costs for Fairfax Media (post separation) will be $5 million, as opposed to $10-12 million for Domain.</p>
<p>The senior leadership team will comprise of:</p>
<p>• Antony Catalano, Chief Executive Officer and Managing Director;</p>
<p>• Robert Doyle, Chief Financial Officer;</p>
<p>• Graeme Plowman, Chief Operating Officer;</p>
<p>• Melina Cruickshank, Chief Editorial and Marketing Officer;</p>
<p>• Simon Kent, Group Director (Domain Media and Developers);</p>
<p>• Tony Blamey, Chief Commercial Officer;</p>
<p>• Mark Cohen, Chief Technology Officer; and</p>
<p>• Trent Casson, Managing Director, Domain Victoria.</p>
<p><span style="font-size: 12.16px;"> </span></p>
<div title="Page 9">
<p> </p>
</div>
</body></html>

Domain's lower revenues ahead of spin-off 

<html><body>
<p>Domain is expected to be spun out of Fairfax in November, pending a shareholder vote at an extraordinary general meeting.</p>
<p>Fairfax updated the stock market on progress of its plans for the Domain group today.</p>
<p>Fairfax plans to retain a 60 percent stake in Domain, with the remaining 40 percent distributed to Fairfax shareholders.</p>
<p>Nick Falloon will be chairman of Domain. </p>
<p><a href="https://www.propertyobserver.com.au/images/2017/08/16/Screen%20Shot%202017-08-16%20at%201.38.37%20pm.jpg" target="_blank">Click to enlarge</a></p>
<p><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/2017/08/16/Screen%20Shot%202017-08-16%20at%201.38.37%20pm.jpg" alt=""></p>
<p>Domain delivered 19% growth in digital revenue but a 12% fall in print ad revenue over the past financial year.</p>
<p>Domain’s operating expenses increased 17%, but its print costs fell 6%, largely as a result of a new magazine format.</p>
<p>EBITDA also fell 6% in the first half as a result of investment, but improved in the second half.</p>
<p>The publishing giant’s biggest area of growth was Domain Group, which climbed 8.1% to $320.3 million revenue from $296.3 million for FY16.</p>
<p>Fairfax expects a scheme booklet to be available in late September, then a roadshow in November along with a shareholder vote to approve the listing in early November.</p>
<p>Last week the REA Group announced a 19 percent fall in full year profit to $206 million, mainly due to a write-down in the value of the company’s Asia business.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/08/16/Screen%20Shot%202017-08-16%20at%201.38.51%20pm.jpg" target="_blank">Click to enlarge</a></p>
<p><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/2017/08/16/Screen%20Shot%202017-08-16%20at%201.38.51%20pm.jpg" alt=""></p>
<p>Revenue was up 16% to $671.2 million.</p>
<p>Net ­profit amounted to $206.3 million in the year ended June 30, down from $253 million in the prior year.</p>
</body></html>

Domain set to be floated in November by Fairfax

<html><body>
<p>Melbourne’s eclectic cultural mix continues to draw Australians in, driving property prices up, according to Domain's latest State of the Market report.</p>
<p>The median house price is now just over $860,000, a much more attractive price tag than that of its neighbouring capital, Sydney.</p>
<p>With the unit median price now pushing up to $475,000, this city brings more than just the ‘cool’ factor to the table – it brings opportunity for first home buyers and investors alike.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.43.25%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><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/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.43.25%20am.jpg" alt=""></p>
<p>The capital has a strong track record for "astounding" price growth, with a yearly growth of 15.1%, Domain noted.</p>
<p>Performance paired with an appealing lifestyle, makes it the market to watch over the coming months, it said.</p>
<table style="width: 449px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="113">
<p>Houses</p>
</td>
<td valign="top" width="65">
<p>Jun 2017</p>
</td>
<td valign="top" width="67">
<p>Mar 2017</p>
</td>
<td valign="top" width="65">
<p>Jun 2016</p>
</td>
<td valign="top" width="70">
<p>Quarter-on-quarter</p>
</td>
<td valign="top" width="69">
<p>Year-on-year</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Ballarat</p>
</td>
<td valign="top" width="65">
<p>$348,000</p>
</td>
<td valign="top" width="67">
<p>$325,000</p>
</td>
<td valign="top" width="65">
<p>$310,000</p>
</td>
<td valign="top" width="70">
<p>7.1%</p>
</td>
<td valign="top" width="69">
<p>12.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Greater Bendigo</p>
</td>
<td valign="top" width="65">
<p>$350,000</p>
</td>
<td valign="top" width="67">
<p>$349,500</p>
</td>
<td valign="top" width="65">
<p>$338,250</p>
</td>
<td valign="top" width="70">
<p>0.1%</p>
</td>
<td valign="top" width="69">
<p>3.5%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Greater Geelong</p>
</td>
<td valign="top" width="65">
<p>$466,750</p>
</td>
<td valign="top" width="67">
<p>$450,000</p>
</td>
<td valign="top" width="65">
<p>$420,000</p>
</td>
<td valign="top" width="70">
<p>3.7%</p>
</td>
<td valign="top" width="69">
<p>11.1%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Greater Shepparton</p>
</td>
<td valign="top" width="65">
<p>$260,000</p>
</td>
<td valign="top" width="67">
<p>$275,000</p>
</td>
<td valign="top" width="65">
<p>$270,000</p>
</td>
<td valign="top" width="70">
<p>-5.5%</p>
</td>
<td valign="top" width="69">
<p>-3.7%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Mildura</p>
</td>
<td valign="top" width="65">
<p>$265,000</p>
</td>
<td valign="top" width="67">
<p>$273,250</p>
</td>
<td valign="top" width="65">
<p>$265,000</p>
</td>
<td valign="top" width="70">
<p>-3%</p>
</td>
<td valign="top" width="69">
<p>0%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Surf Coast</p>
</td>
<td valign="top" width="65">
<p>$770,000</p>
</td>
<td valign="top" width="67">
<p>$735,000</p>
</td>
<td valign="top" width="65">
<p>$666,000</p>
</td>
<td valign="top" width="70">
<p>4.8%</p>
</td>
<td valign="top" width="69">
<p>15.6%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Warrnambool</p>
</td>
<td valign="top" width="65">
<p>$349,900</p>
</td>
<td valign="top" width="67">
<p>$350,000</p>
</td>
<td valign="top" width="65">
<p>$325,000</p>
</td>
<td valign="top" width="70">
<p>0%</p>
</td>
<td valign="top" width="69">
<p>7.7%</p>
</td>
</tr>
<tr>
<td valign="top" width="113">
<p>Wodonga</p>
</td>
<td valign="top" width="65">
<p>$320,000</p>
</td>
<td valign="top" width="67">
<p>$333,000</p>
</td>
<td valign="top" width="65">
<p>$315,000</p>
</td>
<td valign="top" width="70">
<p>-3.9%</p>
</td>
<td valign="top" width="69">
<p>1.6%</p>
</td>
</tr>
</tbody></table>
</body></html>

Melbourne's 'astounding' property price growth continues

<html><body>
<p>Australia’s cosmopolitan hub continues to boom with price growth increasing yet again this quarter, according to Domain’s latest State of the Market report.</p>
<p>The median house price is now sitting just under $1.2 million, with the unit median almost breaking $760,000.</p>
<p>Sydney’s house price growth is showing signs of ease, with June’s results half of the rates recorded in 2016.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.21.12%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><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/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.21.12%20am.jpg" alt=""></p>
<p>While this may be welcome news for buyers seeking a house, the increasing growth of unit prices indicates it’s a strong seller market.</p>
<p>There is a range of property prices across the vibrant city’s suburbs, but what you can buy in the city comes down to lifestyle and individual needs.</p>
<p>If strong price growth is something you’re looking for, Sydney remains the capital of choice.</p>
<table style="width: 451px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="93">
<p>Houses</p>
</td>
<td valign="top" width="65">
<p>Jun 2017</p>
</td>
<td valign="top" width="67">
<p>Mar 2017</p>
</td>
<td valign="top" width="65">
<p>Jun 2016</p>
</td>
<td valign="top" width="81">
<p>Quarter-on-quarter</p>
</td>
<td valign="top" width="80">
<p>Year-on-year</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Albury</p>
</td>
<td valign="top" width="65">
<p>$299,225</p>
</td>
<td valign="top" width="67">
<p>$330,000</p>
</td>
<td valign="top" width="65">
<p>$312,250</p>
</td>
<td valign="top" width="81">
<p>-9.3%</p>
</td>
<td valign="top" width="80">
<p>-4.2%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Armidale Dumaresq</p>
</td>
<td valign="top" width="65">
<p>$352,500</p>
</td>
<td valign="top" width="67">
<p>$328,000</p>
</td>
<td valign="top" width="65">
<p>$361,250</p>
</td>
<td valign="top" width="81">
<p>7.5%</p>
</td>
<td valign="top" width="80">
<p>-2.4%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Ballina</p>
</td>
<td valign="top" width="65">
<p>$597,500</p>
</td>
<td valign="top" width="67">
<p>$545,000</p>
</td>
<td valign="top" width="65">
<p>$527,000</p>
</td>
<td valign="top" width="81">
<p>9.6%</p>
</td>
<td valign="top" width="80">
<p>13.4%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Bathurst</p>
</td>
<td valign="top" width="65">
<p>$417,000</p>
</td>
<td valign="top" width="67">
<p>$410,000</p>
</td>
<td valign="top" width="65">
<p>$385,000</p>
</td>
<td valign="top" width="81">
<p>1.7%</p>
</td>
<td valign="top" width="80">
<p>8.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Byron</p>
</td>
<td valign="top" width="65">
<p>$910,000</p>
</td>
<td valign="top" width="67">
<p>$850,000</p>
</td>
<td valign="top" width="65">
<p>$704,250</p>
</td>
<td valign="top" width="81">
<p>7.1%</p>
</td>
<td valign="top" width="80">
<p>29.2%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Clarence Valley</p>
</td>
<td valign="top" width="65">
<p>$360,000</p>
</td>
<td valign="top" width="67">
<p>$369,000</p>
</td>
<td valign="top" width="65">
<p>$330,000</p>
</td>
<td valign="top" width="81">
<p>-2.4%</p>
</td>
<td valign="top" width="80">
<p>9.1%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Coffs Harbour</p>
</td>
<td valign="top" width="65">
<p>$486,500</p>
</td>
<td valign="top" width="67">
<p>$453,500</p>
</td>
<td valign="top" width="65">
<p>$432,500</p>
</td>
<td valign="top" width="81">
<p>7.3%</p>
</td>
<td valign="top" width="80">
<p>12.5%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Dubbo</p>
</td>
<td valign="top" width="65">
<p>$337,750</p>
</td>
<td valign="top" width="67">
<p>$367,000</p>
</td>
<td valign="top" width="65">
<p>$345,000</p>
</td>
<td valign="top" width="81">
<p>-8%</p>
</td>
<td valign="top" width="80">
<p>-2.1%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Eurobodalla</p>
</td>
<td valign="top" width="65">
<p>$445,000</p>
</td>
<td valign="top" width="67">
<p>$438,000</p>
</td>
<td valign="top" width="65">
<p>$392,250</p>
</td>
<td valign="top" width="81">
<p>1.6%</p>
</td>
<td valign="top" width="80">
<p>13.4%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Great Lakes</p>
</td>
<td valign="top" width="65">
<p>$485,000</p>
</td>
<td valign="top" width="67">
<p>$514,000</p>
</td>
<td valign="top" width="65">
<p>$441,250</p>
</td>
<td valign="top" width="81">
<p>-5.6%</p>
</td>
<td valign="top" width="80">
<p>9.9%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Lismore</p>
</td>
<td valign="top" width="65">
<p>$372,000</p>
</td>
<td valign="top" width="67">
<p>$349,500</p>
</td>
<td valign="top" width="65">
<p>$350,000</p>
</td>
<td valign="top" width="81">
<p>6.4%</p>
</td>
<td valign="top" width="80">
<p>6.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Newcastle</p>
</td>
<td valign="top" width="65">
<p>$620,000</p>
</td>
<td valign="top" width="67">
<p>$565,000</p>
</td>
<td valign="top" width="65">
<p>$502,000</p>
</td>
<td valign="top" width="81">
<p>9.7%</p>
</td>
<td valign="top" width="80">
<p>23.5%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Orange</p>
</td>
<td valign="top" width="65">
<p>$370,000</p>
</td>
<td valign="top" width="67">
<p>$345,000</p>
</td>
<td valign="top" width="65">
<p>$331,000</p>
</td>
<td valign="top" width="81">
<p>7.2%</p>
</td>
<td valign="top" width="80">
<p>11.8%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Port Macquarie-Hastings</p>
</td>
<td valign="top" width="65">
<p>$499,000</p>
</td>
<td valign="top" width="67">
<p>$505,500</p>
</td>
<td valign="top" width="65">
<p>$465,000</p>
</td>
<td valign="top" width="81">
<p>-1.3%</p>
</td>
<td valign="top" width="80">
<p>7.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Richmond Valley</p>
</td>
<td valign="top" width="65">
<p>$265,500</p>
</td>
<td valign="top" width="67">
<p>$318,000</p>
</td>
<td valign="top" width="65">
<p>$253,500</p>
</td>
<td valign="top" width="81">
<p>-16.5%</p>
</td>
<td valign="top" width="80">
<p>4.7%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Shellharbour</p>
</td>
<td valign="top" width="65">
<p>$645,000</p>
</td>
<td valign="top" width="67">
<p>$605,000</p>
</td>
<td valign="top" width="65">
<p>$550,000</p>
</td>
<td valign="top" width="81">
<p>6.6%</p>
</td>
<td valign="top" width="80">
<p>17.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Shoalhaven</p>
</td>
<td valign="top" width="65">
<p>$537,000</p>
</td>
<td valign="top" width="67">
<p>$525,000</p>
</td>
<td valign="top" width="65">
<p>$456,000</p>
</td>
<td valign="top" width="81">
<p>2.3%</p>
</td>
<td valign="top" width="80">
<p>17.8%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Tamworth Regional</p>
</td>
<td valign="top" width="65">
<p>$332,000</p>
</td>
<td valign="top" width="67">
<p>$325,000</p>
</td>
<td valign="top" width="65">
<p>$325,000</p>
</td>
<td valign="top" width="81">
<p>2.2%</p>
</td>
<td valign="top" width="80">
<p>2.2%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Tweed</p>
</td>
<td valign="top" width="65">
<p>$580,000</p>
</td>
<td valign="top" width="67">
<p>$565,000</p>
</td>
<td valign="top" width="65">
<p>$507,500</p>
</td>
<td valign="top" width="81">
<p>2.7%</p>
</td>
<td valign="top" width="80">
<p>14.3%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Wagga Wagga</p>
</td>
<td valign="top" width="65">
<p>$342,000</p>
</td>
<td valign="top" width="67">
<p>$340,000</p>
</td>
<td valign="top" width="65">
<p>$337,250</p>
</td>
<td valign="top" width="81">
<p>0.6%</p>
</td>
<td valign="top" width="80">
<p>1.4%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Wingecarribee</p>
</td>
<td valign="top" width="65">
<p>$800,000</p>
</td>
<td valign="top" width="67">
<p>$780,000</p>
</td>
<td valign="top" width="65">
<p>$675,000</p>
</td>
<td valign="top" width="81">
<p>2.6%</p>
</td>
<td valign="top" width="80">
<p>18.5%</p>
</td>
</tr>
<tr>
<td valign="top" width="93">
<p>Wollongong</p>
</td>
<td valign="top" width="65">
<p>$760,000</p>
</td>
<td valign="top" width="67">
<p>$719,250</p>
</td>
<td valign="top" width="65">
<p>$640,000</p>
</td>
<td valign="top" width="81">
<p>5.7%</p>
</td>
<td valign="top" width="80">
<p>18.8%</p>
</td>
</tr>
</tbody></table>
</body></html>

Sydney's property price growth continues to rise

<html><body>
<p>Perth continues to present opportunities for both buyers and investors, according to Domain's latest State of the Market report.</p>
<p>The median house price has fallen to just under $556,000 this quarter, while unit prices grew to almost $378,000.</p>
<p>The mixed market is prime for first home buyers looking to secure something with ocean views, without breaking the bank.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.07.32%20am.jpg" target="_blank">Click to enlarge</a></p>
<p> <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/2017/07/20/Screen%20Shot%202017-07-20%20at%2010.07.32%20am.jpg" alt=""></p>
<p>With unit prices rebounding, Domain suggested now could be the time to secure an investment property as the increasingly stable market points positively toward long-term gains.</p>
<p> </p>
</body></html>

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