<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

Douglas Driscoll

<html><body>
EXPERT OBSERVER 
Douglas Driscoll, CEO of real estate group Starr Partners, has announced his top 10 Sydney suburbs to watch in the upcoming year. 
1.       Kensington. Just a stone’s throw away from the CBD and Centennial Park, and with the University of New South Wales on its doorstep, Kensington ticks all the boxes for buyers looking to live near the city and Sydney’s eastern beaches. The long-awaited light rail network, set to open this week, will see interest in the area grow exponentially. I believe it will also become a ‘gateway destination’ – a new cruise ship terminal is flagged for Port Botany and, if this goes ahead, I expect the Government to extend the light rail all the way from neighbouring Kingsford to La Perouse.
2.       Crows Nest. Known by locals as ‘Crowie’, many Sydneysiders dream of living in a suburb with a village-feel, and Crows Nest offers just that, with popular restaurants, trendy bars, a variety of eateries and a family-friendly atmosphere. Sydney’s lockout laws have also provided a boost to Crows Nest night life, which already had the makings of a good entertainment hub. The multi-million-dollar Woolworths refurbishment and the arrival of a rail line in 2024 are other major drawcards that have undoubtedly driven residential interest in the area, especially among young professionals, young families, downsizers and hipsters.
3.       Oran Park. I recently forecast that the Sydney property market will soon witness the continued growth of three “exurbs” – and Oran Park will be one of them. Despite being a relatively new suburb, it has a fairly self-sufficient population with good infrastructure, low housing density and reasonable commute times to the city and is fast developing its own personality. Part of Sydney’s emerging Aerotropolis, and just a short distance from the $35 million Gregory Hills Health and Business Centre, transport links – and jobs – won’t be hard to come by. 
4.       Bellevue Hill. This classy pocket of Sydney will continue to skyrocket in value due to its appeal to families looking for a quieter eastern suburbs enclave that is just 10-minutes from Bondi Beach and even closer to the upscale boutiques and restaurants of Double Bay. With established blocks, leafy streets, a charming café strip and excellent access to employment, it is becoming – and will continue to become – increasingly gentrified. Better yet, the hilltop community also has a comparative absence of traffic – a welcome relief from other parts of Sydney’s east.
5.       Busby. With a median house price of $557,500[1] – $250,000 cheaper than neighbouring Elizabeth Hills[2], and well within the cut-off for the Government’s First Home Loan Deposit Scheme – Busby is an excellent long-term investment for young professionals and families looking to get their foot on the property ladder. Close to the M5 motorway and with ample bus services and several schools, Busby has everything first home buyers need to make the area their home. Its proximity to Western Sydney University also makes it very attractive for investors.
6.       Summer Hill. Once seen as an industrial node, Summer Hill, I believe, is the inner west’s new hidden gem. There’s soul and character, and everyone loves the charming village environment it has to offer – good schools, a cool café culture, a supermarket, fruit shop, butcher and restaurants all walking distance from the train station. At its heart is The Flour Mill, an old industrial pocket that is being transformed into an amazing new residential community with apartments, shops, cafés and parklands. Rarely do you get a suburb that is both so close to the city and synonymous with family living.
7.       Merrylands. It shouldn’t be surprising that Merrylands has returned to my list this year, and I stand by what I said about it a couple of years ago: it has some of Sydney’s best value for money freestanding dwellings. The more the Cumberland Council spends on the Merrylands town centre, the better it will become. Should it go ahead, a $292 million masterplan to redevelop Merrylands RSL will include more than 400 apartments and over three sleek, high-rise buildings, drawing European-style eateries and trendy alleyways to the area. It will only be a matter of time before the suburb emerges from the shadow of its neighbour, Parramatta.
8.       Pagewood. Arguably one of Sydney’s most overlooked south-eastern suburbs, Pagewood, like we’ve seen with Mascot, Rosebery and sections of Botany, is about to undergo a major transformation. Pagewood Green, next to Westfield Eastgardens, and the former Holden manufacturing site are two previous industrial sites under development. With a median house price $220,000-$440,000[3] cheaper than nearby Matraville and Maroubra, Pagewood is a coveted area for buyers in the market for a unit.
9.       Blaxland. Nestled at the foot of the Blue Mountains, Blaxland has a genuine country feel despite being just eight minutes from the M4 motorway, and less than 10 minutes from the larger neighbouring suburbs of Penrith and Emu Plains. While this area has become part of Sydney’s greater west, large family homes are available for well under $1m and on large blocks with plenty of greenery. Young professionals or couples looking for a better quality of life and wanting to get more for their money should seriously be considering investing here.
10.   Lalor Park. For buyers looking within a 20-30 kilometre radius of the CBD, Lalor Park, where the median house price is $611,000,[4] is one of the most affordable. I see it really taking off among first-home buyers. As the suburb has older homes, they can expect to get a three-bedroom, one-bathroom house on a decent block for about $600,000 to $650,000. Its great community feel is also a major catch, drawing crowds to its monthly Community Hub Markets and the Lalor Park Community Gardens hosting frequent picnics and other events.
Douglas Driscoll is the CEO of real estate group <a href="http://www.starrpartners.com.au/" target="_blank">Starr Partners</a>.
 
</body></html>

jrobinson-rf4aSBido9

Kensington leads Sydney real estate suburbs to watch in 2020: Doug Driscoll

<html><body>
EXPERT OBSERVER
In 2020, there will be several political and economic factors that will continue to impact Sydney’s property market. 
Douglas reveals his 12 property market forecasts for 2020:
1.       Property owners will continue to sit on their hands. Listings will continue to be at relatively low levels as a significant proportion of property owners will wait and ‘time the market’ until they are certain prices have peaked again. For this reason, Sydney property buyers might be rewarded with more stock at the end of 2020. Once this happens, prices will creep closer to their early 2017 levels – though won’t quite reach them.
2.       A stampede of first home buyers in January. The landscape in 2020 is set to change again for first home buyers: further financial stimulus will be introduced to assist them, with the Morrison Government’s First Home Loan Deposit Scheme commencing on 1 January. While I stand by my argument that this was a pre-election gimmick by the Coalition Government to win votes, it will undoubtedly lead to an immediate stampede of first home buyer numbers in the first few weeks of next year. This is a ‘first-in, best-dressed’ scenario, so I won’t be surprised to see first home buyer numbers slow once these spots are filled.
3.       Property prices to increase 5-10 per cent. With relatively low property stock continuing alongside increased buyer interest, house prices will rise between five and 10 per cent next year, depending on the suburb – if the political and economic environment remains stable. Only in August, CoreLogic reported that the number of properties listed for sale were at their lowest levels since 2010. Price rises might exceed 10 per cent if the Reserve Bank cuts interest rates again – as some are currently forecasting for the near future. Finally, as the banks now have their lending restrictions in place, I’m not expecting the bank regulator APRA to intervene in the short-to-medium term.
4.       Average days on market to fall. The imbalance between supply (low) and demand (high) will lead to shorter property marketing campaigns in 2020. Already in Sydney, the median days on market has shortened by seven days between August and September this year and will continue to fall. 
5.       Build quality to remain in the spotlight. Last year’s Opal Tower crisis and this year’s Mascot Towers event has heightened the spotlight on build quality. This will continue in 2020, as the State Government begins to implement the first tranche of its building reforms. But as these reforms will only apply to buildings yet to be constructed, the problem of build quality will continue to make headlines. The rush to get apartments built and sold in the housing boom meant shortcuts may have been taken. Although there are rogue developers who do cut corners, more often than not, the vast majority are reputable and are being compliant. The problem is we’re chastising them, when maybe we should be looking more closely at building regulations. There are significant changes ahead to increase compliance and enforcement in the building and construction industry and, I predict, even talks of a possible royal commission in 2020.
6.       Houses will continue shrinking. Australians used to have some of the biggest free-standing houses in the world, but now they are starting to shrink: the average size of a new house built in Australia was 228.8m² in 2018-19, down from 231.8m² in 2017-18 – which is the smallest since 2001-02. Sydney’s geographic limitations allow it to expand north-west and south-west only, meaning homes will become smaller in an effort to house more dwellings. Practicality has also crept in. As a nation, we’re not cooking as much as we once were, and so the sizes of our kitchens are also getting smaller. With apps like Deliveroo and UberEATS at our fingertips, the focus is much less on cooking than it is on convenience.   
7.       Developers will start to create homes suited to specific demographics, opposed to the cookie-cutter approach of the investor boom. With apartments accounting for roughly one-third of all new dwellings approved for construction in Australia from 2014 to 2018, it’s no surprise that developers mastered a ‘one-size-fits-all’ approach. It was easy for them to market off-the-plan properties months before building work commenced and keep them as fuss-free as possible; mainly 2-bedroom, 1-bathroom, ‘no frills’ units.With many more millennials and downsizers entering the market, however, more developers have realised that they must adopt new configurations to suit the needs of a changing demographic. Downsizers, for example, are seeking terrace houses or single-story villas that offer low-maintenance lifestyles.
8.       Australians re-mortgaging in record numbers. Many Sydney mortgagees will take advantage of the low interest rate environment in 2020. With the lending environment becoming more competitive, and borrowers more open to smaller lenders, we’ll also see more mortgagees shopping around and switching lenders to secure a better rate. Even a quarter of a percent saving on a mortgage rate can equate to thousands of dollars over the life cycle of a loan. As always, I recommend mortgage holders speak to an independent broker, as they have full access to the market and are impartial.
9.       Exurbs will grow around Sydney. Exurbs are prosperous areas outside, or on the fringe of, a city’s metropolitan area. They are fairly self-sufficient population ecosystems in their own right and have good infrastructure and amenities. In Greater Western Sydney, these are areas such as Box Hill in the north west and Oran Park and Menangle in the south west. I’m expecting a greater number of exurbs around Sydney, and existing exurbs to enjoy continued growth.
10.   More landlords considering multiple occupation. A house in multiple occupation (HMO), or a house of multiple occupancy, is a UK-coined term that describes residential properties where ‘common areas’ exist and are shared by more than three people not from the one household (for example, a family) – and it’s an emerging trend here in Australia. In areas of Sydney, particularly around its universities, more young people are choosing to live in such a manner and I’m seeing landlords looking to adapt their properties for this purpose. This requires them to comply with additional regulations for the management and health and safety of the property and its occupants.
11.   British and Hong Kong residents will look to invest here because of political volatility and the weak Australian dollar. In light of Brexit and Hong Kong’s political crisis and a weak Australian dollar, a proportion of anti-Brexiteers and Hong Kong residents will look to the Australian property market as a safehaven. However, China’s Supreme Court this year introduced strict penalties for its citizens transferring money out of the country to buy property overseas, so unless Hong Kong residents are incredibly ‘creative’ they will face barriers to investing in property here.
12.   Stamp duty to be reviewed. Stamp duty is a cash cow for the NSW Government: In the 2016-17 financial year, it generated them a whopping $8 billion. However, as a result of the recent property market slump, the NSW Treasury has since suffered a fall in stamp duty revenue – revenue was $7.4 billion in 2018-19 and $6.9 billion in 2019-20.[7] With property stock levels predicted to remain low next year, it’s in the interests of the State Government to conduct a full review of its stamp duty model, and I predict these conversations will play a key role in State politics in 2020.
Douglas Driscoll is CEO of real estate group Starr<a href="https://www.starrpartners.com.au/"> </a>Partners.
 
</body></html>

Sydney property market predictions for 2020: Doug Driscoll

<html><body>
EXPERT OBSERVER 
Douglas Driscoll, CEO of real estate group Starr Partners, has announced his anticipated top 10 Sydney suburbs to watch in the upcoming year. 
1.       Eveleigh. Billed to become Australia’s Silicon Valley, Eveleigh, next to Redfern, is a hip inner-city suburb to keep an eye on. If the house price growth in San Francisco’s tech epicentre is anything to go by, the new technology and innovation project, which will bring more jobs and start-ups to the area, will in turn raise Eveleigh’s prices. With lots of new apartment developments, the Carriageworks arts centre, cafes, good public transport, and only a short walk to the city, Surry Hills and Newtown, Eveleigh is the ideal suburb for young professionals, hipsters and young families.
2.       Waterloo. First Surry Hills, then Redfern, now Waterloo is next in line to become one of Sydney’s reborn residential hotspots. Close to parks, the airport, and Sydney CBD, Waterloo is undergoing a major skyline transformation with a wave of new apartments. Danks Street is buzzing with galleries, shops and a booming dining scene. A metro line is being discussed, but Green Square and a bus network provide public transport options.
3.       Maroubra. It once had a reputation as an edgy suburb, sensationalised through documentaries, but Maroubra is nowhere near as menacing as its fictitious reputation. It still offers relatively affordable prices compared with Sydney’s eastern beaches. As it continues to gentrify, Maroubra, like Bondi and Coogee, will continue to grow as a sought-after beachside suburb.
4.       Brookvale. Many Sydney-siders dream of living nearby the beach, and Brookvale provides an affordable option, with average house prices $150,000-$180,000 cheaper than neighbouring Dee Why and Allambie Heights. A masterplan to turn Brookvale into a vibrant precinct is on the cards, which will add bars, cafes and restaurants as well as residential opportunities to the area. Adding to the infrastructure is the B-line bus network connecting residents to the city, the recently opened Northern Beaches Hospital and the planned Beaches Link. The Northern Beaches has often been viewed as a fickle market, but for the here and now it is in demand – and becoming more popular.
5.       Baulkham Hills. Often seen as a poor relation to neighbouring Castle Hill or Bella Vista, family-centric Baulkham Hills is gentrifying and coming into its own. Only 20 per cent of the suburb is rented, which is good news for owner-occupiers, it also means the market is not oversaturated for investors. While we have already seen investor activity in the area, the multibillion-dollar Sydney Metro Northwest rail line, set to open early next year, will cause a ripple effect in Baulkham Hills. With the new train station, ample buses, and M2 Motorway off-ramp, transport links are not hard to come by.
6.       Auburn. As Sydney grows, its boundaries become blurred and redefined. Once considered in the western Sydney heartland, Auburn is now being absorbed into the inner west. It is a cultural melting pot that wears its multiculturalism like a badge of honour. The family-owned restaurants offering a range of cuisines is a foodie drawcard, and nature lovers can take a stroll through the Botanical Gardens. Better yet, properties are cheaper than those in neighbouring suburbs such as Lidcombe and Strathfield. 
7.       Millers Point. I see Millers Point really taking off. Following the completion of the controversial sell-off of public housing, I do believe a sense of community will continue to grow in this suburb. Equidistant between Barangaroo and the CBD, it is in a prime location but is still surprisingly quiet. This suburb is the next Surry Hills or Paddington; it has heritage terraces, lively pubs, and a strong community-feel. With change happening all along that part of the harbour foreshore, Millers Point it will continue to grow in popularity.
8.       Castle Cove. One of Sydney’s best kept secrets, Castle Cove is a charming suburb on the foreshore of middle harbour. Although properties are tightly held, most are detached, on decent plots and have elevated views – some of the most interesting in Sydney. Despite being only 10kms from the CBD, Castle Cove is leafy, green and well connected by bus. Its charm is that it does not have major supermarkets and shopping centres, but residents have an abundance of great eateries, cafes and grocery stores. With a public school and a golf course, Castle Cove is solitude without isolation.
9.       Breakfast Point. With beautiful harbourside walking tracks and hipster cafes, Breakfast Point is a trendy inner west suburb that is tantamount to a beach lifestyle. Once a gasworks, there are now a lot of well-designed masterplanned communities, which makes it attractive for young families and people downsizing. A direct bus line takes commuters to Sydney CBD, or they can catch a ferry from nearby Cabarita wharf.
10.   Riverstone. This nascent suburb has been on my radar for a while, but it has been a slow burner. Billions have been spent in the area on masterplanned developments and infrastructure projects, and the metamorphosis is set to continue. Blacktown City Council recently announced strategic plans for a new town centre, retail and commercial developments, and public spaces. 
Douglas Driscoll is the CEO of real estate group Starr Partners. 
</body></html>

Sydney suburbs to watch in 2019: Doug Driscoll

<html><body>
EXPERT OBSERVER
Labor’s negative gearing plans will disadvantage some first-home buyers and lower-income Aussies who are property investors working hard to get ahead. 
A more effective policy would be to means-test investor tax subsidies, and cap the number of properties that can be negatively geared. 
Labor’s plans to limit negative gearing to new housing and halving the capital gains tax concession will do little to help this hardworking market segment.
Labor has wrongly suggested that all investors are higher-income earners. Through the Starr Partners network of 31 real estate offices, he has learned that many investors are also first home buyers and lower-income Aussies.
I’m hearing from agents and brokers across markets popular with first home buyers, that approximately 30-35 per cent are rentvesting. 
They are often purchasing a property, living in it for six to 12 months, then putting it on the rental market. 
Labor is trying to help middle- and working-class families, but let’s not forget that many nurses, teachers, and policemen are also purchasing investment properties – they make up the investor profile, too. The Opposition’s proposed policy could inadvertently disadvantage many of the people it is trying to help.
To make the Australian dream of purchasing a home true for all Australians, there are more effective strategies that would appease investors and nurture first home buyers. From what I can tell, this policy is a regurgitation of Labor’s previous election manifesto. 
What puzzles me most is that if it didn’t curry favour in the lead up to the last election when investors made up the majority of the market, then how is it going to garner support now that their numbers have decreased considerably. House prices are cooling, which shows the government’s macroprudential measures are working, but I agree more could still be done.
Instead of limiting negative gearing, as Labor has suggested, Aussies that want to claim tax subsidies could be means tested. This would ensure that higher-income earners are not benefitting the most, and tip the balance in favour of those that need the subsidies the most. Alternatively, capping the volume of properties an investor can negatively gear will reduce the number of negatively geared properties, without limiting it to a subset of homes. 
Any existing properties need to be grandfathered. Labor has got it right to grandfather existing investment properties, a policy I strongly stand by. Without this, it could lead to property Armageddon.
Doug Driscoll is the CEO of Starr Partners.
</body></html>

Labor’s negative gearing policies are flawed: Doug Driscoll

<html><body>
<div>Douglas Driscoll CEO of Starr Partners estimates there are likely further fall in property prices, as some areas cool, but firmly believes the market will not crash.</div>
<div> </div>
<div>He has been seeing a slowdown in the market in some areas as is to be expected, but other areas are still doing extremely well, and he believes reports of a crash are being blow out of proportion.</div>
<div> </div>
<div>Mr Driscoll said that “There has been talk of the market slowing, but 4.4 per cent over 12 months isn’t much and if I were being cynical, it’s not inconceivable that property prices might fall another 10 per cent."</div>
<div> </div>
<div>"The ingredients just aren’t there for a market crash, Whether they’re buying or selling, owner occupiers shouldn’t necessarily hold off."</div>
<div> </div>
<div>"Fearmongering certainly doesn’t help and ultimately creates a wait-and-see mentality”, commented Mr Driscoll.</div>
<div> </div>
<div>Douglas says that a crash simply wont happen because of a number of factors.</div>
<div> </div>
<div>Housing stock levels are strong, interest rates are low, and it is only a matter of time before they rise.</div>
<div> </div>
<div>APRA has relaxed measures for investors, immigration levels are high and the skilled workers that are arriving will want to get their foot on the property ladder.</div>
<div> </div>
<div>He added that he believes the current fear-mongering is more about the potential lack of profits that property might deliver over the next few years.</div>
<div> </div>
<div>John McGrath agrees the <a href="/news/sydney-and-melbourne-property-markets-wont-crash-in-2018-john-mcgrath">Sydney and Melbourne property markets won't crash in 2018</a>.</div>
</body></html>

Douglas Driscoll

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Douglas Driscoll

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News