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;

Joel Robinson

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

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

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

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Hobart

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Within the greater Hobart region the suburbs worth watching are Moonah, Glenorchy and Berriedale which are all suburbs within a 15 kilometre drive of the Hobart CBD, according to HTW’s February 2017 update.
The valuation firm says within the $300,000 to $400,000 range, a larger family home can be purchased in these areas consisting of three to four bedrooms and in most cases being constructed of brick veneer with lockup garages.
The size of the houses within this price range would be between 140 and 240 square metres and the land size would range from 500 to 900 square metres.
Kingston is another suburb worth watching throughout the year.
Kingston is located on the southern outskirts of Hobart in the fast growing municipality of Kingborough.
While residents of Kingston have a longer commute to the city, it is a fast growing, well-serviced suburb located between Hobart and the Huon Valley.
The median sale price based on recent sales in this suburb was $388,000.
For this price in Kingston you could expect to purchase an older style 160 square metre home on just under 700 square metres of land.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124790410" target="_blank">10 Maranoa Road</a>, Kingston (above) has been listed for $385,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124782670" target="_blank">17 Fraser Street</a>, Kingston (below) has been listed for between $365,000 to $395,000.
<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/2017/02/21/17%20Fraser%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

HTW's top Hobart property hotspots to watch in 2017

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Hobart is on track to be Australia’s best performing capital city property market in 2017 with the city boasting the tightest vacancy rates in the country, a more controlled housing supply pipeline and increased migration and tourism, according to HTW’s February 2017 update.
The valuation firm says buyer’s agents have reported an increased interest in the property market throughout the greater Hobart region and have observed first hand growth of 8% to 10% from January to December 2016.
Some of the buyer’s agents are predicting buyer activity further intensifying and forcing stronger growth throughout 2017.
The strong population growth in Tasmania has been suggested to be the main driver behind the performance of the Hobart housing market.
“Should the increased interstate migration and booming tourism levels continue we believe this will continue to create stronger growth throughout not only 2017 but also for the next few years,” HTW says.
HTW suggests that due to the increase in tourism throughout the state, many investors are purchasing properties to be used for short term holiday accommodation as they are able to offer competitive accommodation rates which in some cases offer a greater return compared to long-term rental accommodation.
“Many local real estate agents throughout the greater Hobart region have reported a shortage of stock which is driving shorter selling periods and higher sale prices as demand continues to outweigh supply,” the report says.
“2017 may be the year we see an increase in properties going to auction due to many properties having multiple offers only a few days after being listed.
“Taking properties to auction may increase the sales price achieved as it will allow further time for interested parties to discuss their options prior to rushing in with an offer in fear of missing out had the property not been offered for auction.
“Throughout the greater Hobart and Launceston regions centrally located suburbs that contain a good range of facilities, larger infrastructure such as shopping centres, educational and health institutions and public transport tend to be popular with renters and purchasers alike and are viewed as having the best capital growth potential.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-hobart-124514026" target="_blank">125 Argyle</a>, Hobart (above) has been listed for over $850,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-hobart-124772038" target="_blank">306/156 Bathurst Street</a>, Hobart (below) has been listed for over $165,000.
<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/2017/02/21/306_156%20Bathurst%20Street.jpg" alt="">
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Hobart set to be top-performing residential property capital of 2017: HTW

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Sentosa, a 100 year old Hobart waterfront, has been snappily sold having come with $6.5 million hopes through Knight Frank agent Mathew Chugg.
It was sold by Wendy and Barry Turnbull who paid $815,000 for the home in 1993.
The 1917 home designed by Marco Linardi sits amid 2309 sqm of Paul Bangay-designed gardens on Blinking Billy Point.
The grounds meander down to the water with a lawn overlooking Long Beach.
The home spanning 693 sqm has five bedrooms, including two on the fully self-contained first floor that also comprises a lounge, kitchen and bathroom. 
The master suite with separate dressing room overlooks the river and there's a 15 metre indoor pool in a conservatory inspired room.
The ground floor features a grand dining room, lounge and stately staircase crafted from Huon pine with bespoke iron balustrades.
Early Australian aviator Charles Kingsford Smith visited when he honeymooned in Hobart with his second wife Mary in 1931.
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<div class="wp-caption">This article first appeared in the Weekend Australian's Mansion Australia section.</div>
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j.ballantyne1990-6AQqhLzZaK

Snappy sale for Tasmanian mansion Sentosa 

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Property investment in Hobart is showing an excellent return on investment according to figures from QSQM Research with an average implied gross rental yield of 4.4 percent for houses and 5.46 percent for apartments over 12 months.
Luca Simms, senior investment analyst for SQM Research said this is second only to Darwin at 4.65 percent for houses and Canberra at 5.68 percent for apartments.
He said whilst the nation has been obsessed with Sydney’s unstoppable, unaffordable juggernaut of a property market, unassuming Hobart has been happy to step away from the lime light to become a rather quiet achiever.
"When we look at the data on Hobart, we find that vacancy rates have rapidly declined by 1.42 percent over the past five years to record a February 2017 rate of 0.87 percent," he said.
"Hobart officially has the lowest vacancy rate in Australia! Stock on market levels have generally been falling in Hobart as well with a 32 percent decrease in homes on the market and a 39 percent decrease in apartments since a peak recorded in November 2012. 
"Although slow, property asking prices have been rising over the past 5 years; houses have increased on average by 16 percent and apartments by 17 percent showing compound annual growth rates (CAGR) of 3.02 percent and 3.19 percent respectively.
"Hobart also seems to be providing an excellent return on investment. Over the past 12 months, Hobart has displayed an average implied gross rental yield of 4.4 percent for houses and 5.46 percent for apartments, second only to Darwin at 4.65 percent for houses and Canberra at 5.68 percent for apartments. 
"So what exactly has caused this upswing in Hobart’s property market?
"The simple answer is population growth due to affordability. As mainland Australia continues to outprice itself, the great Australian dream of home ownership has become increasingly out of reach, especially for the younger demographic.
"Tasmania’s annual population increase is 0.5 percent which is the lowest in the country, however, an increase from previous years. More people have been arriving with less people departing the state. The ABS reports that the Greater Hobart area has received the majority of Tasmania’s increased population.
"So if you’re tired of the same old stories of Sydney’s unaffordability, or a looming oversupply of apartments in Melbourne, keep an eye on Hobart, it may be an interesting market to watch in the coming year."
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Hobart property investment quietly achieving: SQM Research

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Hobart has a balanced market for its unit’s rental vacancy situation, according to Herron Todd White’s latest report.
The property valuation firm says that Hobart’s rental vacancy trend is tightening.
Demand for new units is soft despite an increasing trend in new unit construction as well as a steady volume of unit sales.
<a href="https://www.propertyobserver.com.au/images/2017/02/03/Screen%20Shot%202017-02-03%20at%202.53.55%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/03/Screen%20Shot%202017-02-03%20at%202.53.55%20pm.jpg" alt="">
Hobart’s unit property market cycle is currently rising, HTW's report said.
New unit properties in Hobart are almost never sold at prices exceeding their potential resale value.
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Hobart's demand for new units is soft: HTW

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Hobart recorded 7.6 percent of houses and 10.9 percent of  units reselling at a loss over the September  2016 quarter, according to CoreLogic's latest Pain and Gain report.
The property data firm says that the occurrence of resales at a  loss has fallen over the quarter for houses and units in Hobart.
<a href="https://www.propertyobserver.com.au/images/2017/01/30/Corelogic-18.jpg" target="_blank">Click to enlarge</a>
<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/2017/01/30/Corelogic-18.jpg" alt="">
The Hobart (5.9 percent), Clarence (9.1 percent) and Kingborough (11.0 percent) council areas had the  lowest proportion of loss-making resales over the quarter.
The instances of resale loss were much higher in: Brighton (18.2 percent), Derwent Valley (17.4 percent) and Sorell (15.0 percent).
<a href="https://www.propertyobserver.com.au/images/2017/01/30/Corelogic-19.jpg" target="_blank">Click to enlarge</a>
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Derwent Valley resales at loss still high, but Hobart sales are increasingly profiable: CoreLogic Pain and Gain

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Hobart suburbs Rokeby and Glenorchy led the country in highest gross rental yield within 10 km of the CBD in 2016 among Australia’s capital cities, according to CoreLogic.
Rokeby led in houses with a median value of $193,291 and gross rental yield of 7.2 percent, while Glenorchy topped in units with a median value of $123,144 yielding 6.4 percent, says CoreLogic’s Best of the Best 2016 report.
Hobart suburbs dominated the top 10 list for houses with the top nine spots. The tenth slot went to Franklin in the Unincorporated ACT region. 
The list for units was more mixed with Oxley in Brisbane at no. 2 and Carlton in Melbourne at no. 3 respectively.
Property Observer found a three-bedroom house at 4 Benboyd Court Rokeby, TAS, 7019, (below) which sold for $186,500 in 2016 and was offered for rent at $270 pw, according to RP Data. The rental yield works out to 7.5 percent, close to the gross rental yield of 7.2 percent for Rokeby.
<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/2017/01/09/Hobart10kmpic1.jpg" alt="">
For units, a two-bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-glenorchy-122596726" target="_blank">2/20 Balmain Street Glenorchy, TAS, 7010</a> (below) sold for $162,000 in September 2016 and was listed for rent at $240 pw, according to RP data. The yield works out to be 7.7 percent, above the 6.4 percent gross rental yield for units in Glenorchy.
 <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/2017/01/09/Hobart10kmpic2.jpg" alt="">
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prateek24-ezbwHMbNAk

Hobart suburbs Rokeby and Glenorchy lead in rental yield within 10 km of CBD

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Hobart is the cheapest capital city to purchase either a home or apartment, according to CoreLogic’s latest weekly report.
The property data firm says that the median price of a house in Hobart is $360,000 while the median price for an apartment is $250,000.
<a href="/images/2016/12/05/Capital%20city%20private%20treaty.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Capital%20city%20private%20treaty.jpg" alt="">
This is compared to Sydney which has a median price of $950,000 for homes and a price of $728,000 for units.
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Hobart the cheapest capital to purchase a home or unit: CoreLogic

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Darwin has the highest decline in the number of new listings in 12 months, according to CoreLogic’s latest weekly report.
The property advisory firm says that the number of new listings in 12 months in Darwin has declined by 19 percent.
<a href="/images/2016/11/21/Capital%20city%20properties%20listed.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/21/Capital%20city%20properties%20listed.jpg" alt="">
This is in contrast to Canberra where the number of new listings has increased by 10 percent over 12 months.
However the number of total listings in Hobart has fallen by up to 30 percent with Brisbane recording an increase of 13 percent in total listings.
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Property listings in Hobart decline by 30 percent: CoreLogic

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Hobart is the cheapest place to purchase a unit, according to CoreLogic’s latest weekly report.
The property advisory firm says that the average median private treaty price for a unit in Hobart is $262,000 compared to Sydney’s $710,000.
<a href="/images/2016/11/21/Capital%20city%20private%20treaty.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/21/Capital%20city%20private%20treaty.jpg" alt="">
For houses the cheapest place to buy one is also Hobart with an average median price of $375,500 compared to Sydney’s $940,000.
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-tas-hobart-120844337" target="_blank">143 Davey Street</a> (above) sold for $365,000 is an example of what buyers can expect when looking for a home in Hobart.
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