Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

[smartcode_project_cta:default project_id=152579]

Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

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After a period of declining values, the residential property market in the Western Australian region around Australind and Eaton has received a potential boost. 
The commencement of construction of the new $1 billion lithium processing plant at Kemerton could provide a lift to these markets, according to a recent Herron Todd White (HTW) residential report.
The report suggests in excess of 600 new jobs will be created and the doubling of production at the Greenbushes lithium mine has already seen 200 new employees.
The respective companies behind these significant regional enterprises are specifying that the workforce must live within 50 kilometres.
"Where previously property values in this catchment have been steadily falling over a number of years, there is now cautious optimism, with new sub-divisions emerging in Donnybrook, Eaton and Glen Iris," the valuation firm said. 
The report notes that real estate agents are seeking new stock to sell as investors begin to purchase the properties that have been on the market for a noticeable period of time.
"It is realistic to say that the region remains a buyer’s market for the time being, however it is anticipated that stability will be introduced in coming months," the valuation firm said. 
One related observation has been the recent sale of a number of executive dwellings in Bridgetown and Manjimup with prices over $700,000 being achieved for three properties, which is setting a new upper price bracket for these quality houses as mining executives are looking to re-locate to the South West.
A four bedroom house located just a few minutes' drive to the centre of Bridgetown has recently been sold for $700,000.
Sitting on one acre, the family home at <a href="https://www.realestate.com.au/sold/property-house-wa-bridgetown-130361910" target="_blank">19 Devon Place </a>(pictured below) comprises open plan kitchen/diner, separate family room, study, lounge, master bedroom and three additional double bedrooms.
Other features include solar hot water, garden sheds, laundry with fitted cupboards and double garage. 
<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/2019/7/10/bridgetown%20.jpg" alt="">
"The overall review of the South West land division residential property market, however, is best described as weakening with downward pressure on values particularly in the outlying localities such as Dalyellup in Bunbury, Provence and Kealy in Busselton, and Brookfield in Margaret River," HTW said.  
A four bedroom house located in Stage 1 of Dayleyllup Beach Estate has recently been sold for $405,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-wa-dalyellup-129800938" target="_blank">13 Kularda Road</a> (pictured below), the home was sold for $451,000 in 2011.
It comes with open plan living, formal lounge, study, master suite, three additional bedrooms, two patio areas and swimming pool. 
<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/2019/7/10/dalyellup%20.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

South West WA market boosted by new lithium processing plant : HTW residential 

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The inner and middle-rings of Adelaide are pushing up the city's overall median house price, according to a recent Herron Todd White (HTW) residential report. 
The report suggests these market segments were the best performing over the first six months of 2019 as the outer ring remained stable.
"In the shadows of the banking royal commission and the downward spiralling east coast markets, the claim was made that the Adelaide housing market would buck the trend with sustained growth," the valuation firm said. 
"Positive market sentiment is being driven within the media with a constant flow of articles spruiking the Adelaide market. Watching from the bleachers, things appear positive... but those with front row seats are seeing things a little differently."
Nailsworth, Evandale, Black Forest and Allenby Gardens have all been high achievers over 2019’s first half, it said. 
Each of these suburbs comprise an area of less than one square kilometre and are characterised by turn of the century dwellings on modest allotments.
Nailsworth is an inner northern suburb located approximately 5.2 kilometres from the CBD.
It had a number of transactions in the first half of the year, with a median of $655,000.
At the top end of the pile is the suburb’s record sale of<a href="https://www.realestate.com.au/sold/property-house-sa-nailsworth-129604950" target="_blank"> 51 Balfour Street </a>(pictured below) which achieved a sale price $1.21 million in January.
This sale eclipsed the previous record of $1.07 million set in 2017.
This property comprises a fully renovated and extended bungalow disposed as four bedrooms and two bathrooms on a 698 square metre allotment.
<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/2019/7/9/nailsworth.jpg" alt="">
In the second half of 2018, the small north- eastern suburb of Evandale located some 5.5 kilometres from the CBD had eight dwelling sales settle with a median of $690,000.
In the six months post, Evandale has had five transactions at a median of $880,000 showing an increase of approximately 27%.
<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/2019/7/9/evandale%20.jpg" alt="">
Recent sales include<a href="https://www.realestate.com.au/sold/property-house-sa-evandale-130666446" target="_blank"> 44 Elizabeth Street</a> ($844,000, pictured above), a four-bedroom, two-bathroom blue stone villa on a 534 square metre allotment and <a href="https://www.realestate.com.au/sold/property-house-sa-evandale-130674190" target="_blank">10 Leslie Street </a>($885,000, pictured below), a four-bedroom, two-bathroom circa 1990s reproduction dwelling on a 552 square metre allotment.
<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/2019/7/9/evandale%202.jpg" alt="">
Black Forest is situated 4.7 kilometres south west of the CBD and is serviced by both the Brighton train line and Glenelg tram line.
Fifteen transactions have been recorded within the past 12 months with prices ranging between $430,000 and $1 million.
The first half of 2019 has seen a 7% increase in dwelling values with Black Forest having a current median dwelling price of $745,000.
Purchased at the median in April was <a href="https://www.realestate.com.au/sold/property-house-sa-black+forest-130456994" target="_blank">4 Forest Avenue</a> (pictured below) for $755,000.
This is a circa 1930s, four-bedroom, two-bathroom Tudor style dwelling on an allotment of approximately 603 square metres.
<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/2019/7/9/black%20forest%20.jpg" alt="">
Allenby Gardens is located 6.1 kilometres north- west of the CBD and six kilometres east of Grange Beach.
The suburb comprises a mixture of early and mid 1900s dwellings with a significant amount of 1990s and 2000s infill development.
The first half of 2019 saw a 24% increase in the median dwelling price from the back end of 2018 to currently sit at $685,000.
Of the 2019 sales,<a href="https://www.realestate.com.au/sold/property-house-sa-allenby+gardens-130071490" target="_blank"> 27B Barham Street</a> (pictured below) for $470,000 represents the entry price point for the suburb.
<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/2019/7/9/allenby%20garden%20.jpg" alt="">
This property comprises a circa 2018 community titled brick veneer dwelling disposed as three bedrooms and two bathrooms on an allotment of 266 square metres.
"The outer ring remained relatively flat over the first six months of 2019," HTW said. 
"Good reference points for this market segment are Golden Grove north-east, Morphett Vale south and Paralowie north of the city.
"Each of these suburbs is geographically large and has a high turnover of stock with the two latter each constantly achieving 200-plus transactions annually."
Sales data shows both Paralowie and Morphett Vale have remained stable with median prices hovering between $300,000 and $315,000 since late 2016.
Golden Grove saw a reduction in the median dwelling price from $475,000 in the second half of 2018 to $435,000 in the first half of 2019.
The report notes that the outer ring is considered more susceptible to slowing market conditions.
"These suburbs will be important reference points over the next 12 months to provide an indication of how the broader outer ring is tracking," the report said. 
"Taking a broader look at the market, the March quarter is one of the most active and provides an important insight into how the market tracked over the busy summer months.
"The median house price grew in the March quarter by 0.625% to be at a record high of $480,000. This sparked significant media and deservedly so on face value.
"When you dig a little deeper, the 2018 and 2017 March quarters each had growth of 1.1% and 1.7% respectively. So, we had growth in the March quarter but at the slowest rate since 2016 which saw a reduction in the median house price."
On the auction front, for the four weeks post Easter, clearance rates faded to below 50%. For the same four-week period in 2018, clearance rates varied between 59% and 70%.
These numbers are backed up by agents in the field who are reporting a slowing in buyer activity with an increased amount of stock on the market. The numbers are suggesting that the market is slowing.
"Things have been looking rosy for 12 to 24 months. The expectation is that property prices will remain stable over the second half of 2019.
"The hope is that those who stop to smell the roses don’t start detecting a stench."
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Adelaide inner and middle-rings performing strongly: HTW residential 

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The Hobart market is starting to show signs it is approaching or has reached its current cycle price peak, according to a recent Herron Todd White (HTW) residential report. 
CoreLogic suggests that the median price actually slipped in March.
"On the ground, we are seeing a flattening of prices in the inner ring, however demand for prestige remains historically firm," the valuation firm said. 
A recent over $1 million sale was a three bedroom penthouse apartment located in the heart of Hobart City (pictured below). 
The inner city apartment at <a href="https://www.realestate.com.au/sold/property-apartment-tas-hobart-131418934" target="_blank">5A/117 Collins Street</a> comprises of open plan living, master bedroom, two additional bedrooms with built in wardrobes and two secure car spaces. 
It's located near Salamanca and the Wharf. 
<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/2019/7/10/hobart%201.jpg" alt="">
HTW said it's a different story in the middle to outer ring, however positive pricing and competition for housing is still evident. 
"This is true for the 50-kilometre commuter radius," the report said. 
A waterside house nestled on the banks of Gypsy Bay is on the market with over $550,000 hopes (pictured below). 
Sitting on a 564 square metre allotment, the home at <a href="https://www.realestate.com.au/property-house-tas-primrose+sands-131433790" target="_blank">113 Linden Road, Primrose Sands </a>comprises open plan living, kitchen with granite benchtops, two bedrooms and rear yard. 
Local boat ramp is only a few minutes away together with local convenience store and beaches.
Vacancy rates remain tight with little evidence of the housing shortage easing.
<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/2019/7/10/primrose%20sands%20.jpg" alt=""> 
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Hobart market may have already peaked: HTW residential 

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The wider Perth area has seen some stability in its median price, according to a recent Herron Todd White residential report. 
"The residential market in Perth has tracked closely in line with our February predictions for the year (so far)," the valuation firm said. 
"Our assumptions were that the rental market would continue to be a strong point for Western Australia and that sales volumes and house price growth would remain subdued until 2020.
"There has been a lot of speculation about when the Perth market will finally turn and it doesn’t seem like we are much closer to knowing, mostly due to our split property cycles and diminishing sales volumes."
The report notes that the median house price settled at $500,000 for the March quarter, 0.6% higher than the previous quarter.
The unit median price also remained steady, holding at $380,000.
REIWA data shows that there were 6,636 properties sold in the March quarter, proving Perth’s state of subdued activity.
REIWA reports that “although overall sales are down, 10% of suburbs experienced stable or increased volumes”. This is a positive sign as there are improvements in some sub markets, and it shows the differences between Perth’s inner and outer suburbs.
Figure 1 shows the distribution of wider Perth area house sales by price bracket.
In the December 2018 quarter, 64% of homes sold below $600,000.
This figure jumped to 70% in the recent March quarter, indicating that affordability is continually improving, but it is also a symptom of a decline in prestige activity.
<a href="https://www.propertyobserver.com.au/images/2019/7/10/figure%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/7/10/figure%201.jpg" alt="">
President of REIWA Damian Collins states that this affordability “presents excellent opportunities for first home buyers, trade-up buyers, downsizers and investors to secure a good deal”.
According to the report, listings have increased 6% since the December 2018 quarter to 16,957 which isn’t helping selling periods.
It took an average of 78 days for vendors to sell their properties last quarter. This is a significant jump from the 68 days to sell in the December 2018 quarter.
It can be attributed to new land releases as well as a softening in demand across the board.
Collins recently said “it’s also worth noting that a significant portion (43%) of Perth sellers are achieving sales prices at or above their original asking price, which suggests that many vendors are heeding the advice of their real estate agent and pricing their properties in line with market expectations”.
"This is key to avoid the extended selling periods that we have been seeing far too often," HTW said.
"Our valuers are seeing frequent evidence of properties becoming stale in the market place due to the initial asking price being out of kilter with the market and the eventual sale price of these properties is often below what market evidence suggests they should achieve."
The rental sphere was once again increasingly active in the March 2019 quarter, favouring investors and shortening the Perth vacancy rate to 2.5%.
The median rental price remained stable at $350 per week for a ninth consecutive quarter.
REIWA data shows that 29% of suburbs in Perth had an increase in rents during the quarter, and 36% of suburbs increased over the past year.
If the rental market continues in this direction we should inevitably see an increase in Perth’s median rent over the coming seasons.
In terms of activity, 14,003 properties were leased during the March 2019 quarter, almost 9% more than the December 2018 quarter.
There were 6,738 properties listed for rent at the end of the March quarter 2019, which was 2% lower than the December quarter figure and 25% lower than the same time last year, showing that competition amongst tenants is ramping up.
It took two days less to find a tenant during the March quarter, decreasing to 42 days.
This figure has crept downwards since the peak of 57 days in June 2017 and shows that tenants need to be decisive and act fast to secure their preferred property.
A three bedroom house located in the heart of Victoria Park has been listed for lease with a price guide of $360 per week (pictured below).
The house at<a href="https://www.realestate.com.au/property-house-wa-victoria+park-417286626" target="_blank"> 45 McMaster Street </a>comprises open plan living, renovated kitchen, three bedrooms, and enclosed patio with kitchenette.
It's close to Victoria Park Central Shopping Centre, main highways and train station. 
<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/2019/7/10/victoria%20park.jpg" alt="">
The suburbs that recorded the best and worst median price growth over the March 2019 quarter are in Figure 2.
<a href="https://www.propertyobserver.com.au/images/2019/7/10/perth%20figure%202.jpg" target="_blank">Click here </a>to enlarge: <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/2019/7/10/perth%20figure%202.jpg" alt="" style="font-size: 12.16px;">
<a href="https://www.propertyobserver.com.au/images/2019/7/10/perth%20figure%203.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/7/10/perth%20figure%203.jpg" alt="">
Note that both Burswood and South Guildford are benefiting from the sale of properties in new developments.
The Peninsula development by Mirvac would be significantly affecting Burswood’s median as some of the properties are selling for over $1.7 million.
A few lifestyle living areas have been active over the past six months including Mundaring, Glen Forrest, and Serpentine.
Suburban North Lake has tracked well, jumping 8.5% quarter-on-quarter.
This was surprising to see as North Lake’s surroundings have been disrupted lately by the development of the Murdoch Drive Connection – adding extensions from the Kwinana Freeway and Roe Highway to the Murdoch Activity Centre and Health Precinct.
Peppermint Grove has surged over the past quarter taking its median house price from $3.45 million up to $4.025 million.
A current listing in Peppermint Grove is a five bedroom resort style home priced at $3.985 million (pictured below).
Set on a 766 square metre block, the refurbished home at <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-119597415" target="_blank">14A View Street</a> comes with five bedrooms, home cinema, kitchen with Miele appliance and solar heated swimming pool.
Nestled among private schools, the home is within walking distance to the Swan River and Cottesloe Beach. 
<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/2019/7/10/peppermint%20grove.jpg" alt=""> 
There has been a fair amount of activity in this region which is nice to see, as the prestige market (previously helping to stabilise the Perth median) faltered over the March 2019 quarter, showing signs of volatility.
Cottesloe, Swanbourne, Mosman Park, North Fremantle, Attadale, Bicton and Dalkeith all experienced decreases in their annual median house prices.
"This is understandable however, as the March quarter usually experiences an increase in listings," the valuation firm said. 
On top of this, consumer confidence has been low; the fallout from the Banking Royal Commission has created a challenging financial market, and with the distraction of a federal election, homeowners and investors would be hesitant to make any big moves.
There has been a lot of media coverage around the declining Australian property market (mainly surrounding Sydney and Melbourne) and this isn’t helping confidence in the Western Australian market even though our property market is in a different stage of the cycle to the eastern states.
All of this has forced sales volumes to drop, selling periods to extend and top-end prices have fallen as a result.
"In the upgrader market, our valuers are still seeing a fair amount of activity, however home buyers are generally seeking to purchase at a discounted rate," the report said.
This is pushing out selling periods and it seems that prices may continue to soften as a result, further improving affordability."
Perth’s fringe is still being suffocated by chronic oversupply.
Baldivis is continuing its decline due to consistent land releases putting downward pressure on established dwelling sale prices.
As an example, a property on Avoca Chase had a summated cost of $285,000 in April 2018, being one of the cheapest we had seen at the time.
It was sold in March 2019 on completion for $225,000, declining 21% throughout its construction period.
This sales figure is actually considered to be fairly cheap, however it’s part of the unfortunate truth in the current market.
Properties in oversupplied regions need to be priced very keenly in order to achieve a quick selling period and avoid them going stale on the market, so listen to the advice of agents about what is realistic and appropriate.
Developing suburbs in the south-east are in a similar situation. Whitby and Byford have softened over the past six months and it is expected that these areas will stay flat for the remainder of 2019.
"Our predictions for the rest of the year are fairly simple for Perth’s outer regions.
"We expect to see no rebound in 2019 and assume that medians in these areas will continue their slow descent to wherever the median price floor holds, but we expect the overall median house price to remain relatively steady for the wider Perth area as upgraders take advantage of the buying opportunities that are available in many sought after areas."
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Median prices in wider Perth area are stabilising:  HTW residential 

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The property market within Mount Gambier was relatively stable for the first quarter, according to a recent Herron Todd White (HTW) residential report. 
The report suggests that the number of house sales occurring in the first quarter has been steady.
In 2014 house sales were slightly higher, however there has not been a significant drop in sales numbers which are still much higher than in 2011 when the market dropped back.
"The most purchased dwelling price range within the last 12 months is $200,000 to $250,000," the valuation firm said. 
"There are few dwellings purchased over $500,000 or under $150,000.
"The $200,000 to $250,000 price range is affordable for people entering the market and for investors looking at a property which provides a stable rental return."
A three bedroom house in Mount Gambier has been sold for $225,000.
Built in 1994, the house at<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-128096338" target="_blank"> 4 Winfield Court </a>(pictured below) comes with three bedrooms, lounge room, timber kitchen and private rear yard.
<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/2019/7/9/mount%20gambier%20.jpg" alt="">
"Dwellings over $500,000 are at the top end of the market and have limited market activity," HTW said. 
"Dwellings under $150,000 are generally in less sought-after locations and have limited market activity."
A recent over $500,000 sale was a Character Federation style home nestled on over 2.5 acres of land.
It was sold for $610,000 in May.
Located minutes from Mount Gambier and schools, the house at<a href="https://www.realestate.com.au/sold/property-house-sa-moorak-123887258" target="_blank"> 158 Telford Road</a>, Moorak (pictured below) comes with four bedrooms, study, timber kitchen, and open living areas.
<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/2019/7/9/moorak%201.jpg" alt="">
Detached housing and unit sales throughout the region are on track with previous years and are expected to remain stable throughout the remainder of the year.
Detached housing is the most popular amongst buyers, with 141 house sales for the first quarter of this year, compared to 15 unit sales and 28 land sales.
The report notes that properties located within the Lakes location and centrally around the town centre have shorter listing times than most other areas, as they are tightly held locations.
The median sale price has been slightly increasing over the past five years and property prices have remained stable.
"The overall feel of the market at the moment is that it will remain relatively steady throughout the remainder of the year," the valuation firm said.
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Mount Gambier market remains stable as median price ticks up: HTW residential 

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Darwin has experienced a few tough years and the weakening trend continued into 2019, according to a recent Herron Todd White (HTW) residential report. 
"The peak of the market (2013-2014), which was mainly inflated by the Ichthys gas project, was going to end at some point and we are now experiencing the aftermath," the valuation firm said. 
"Since the start of the year, we have seen declines in both sales and median price for all suburbs across Darwin (REINT)."
All markets have been hit, from residential to commercial, dwellings to units and the suburbs of Parap to Darwin River.
The weak market has been foreseen for some time now and it is now believed that home owners are coming to the realisation that their homes are not worth what they perceive.
This has been a difficult process and caused stress throughout the market and wider economy.
"We have seen some big reductions, especially in the Darwin CBD," the valuation firm noted. 
"There has been a 40% fall in the median unit and townhouse price from $565,500 in March 2015 to $330,000 in March 2019 (REINT).
"Also looking Palmerston way, the suburb Moulden has experienced some big reductions; recent analysed sales of dwellings show a drop in the order of 30% or more from 2013/2014."
A three bedroom apartment in the Darwin CBD has recently been sold at a reduced price of $330,000.
With views of the Darwin Harbour, the unit at<a href="https://www.realestate.com.au/sold/property-unit-nt-darwin+city-129170426" target="_blank"> 7/3 Harvey Street</a> (pictured below) include open plan living and dining area, private balcony, three bedrooms and kitchen with stone bench tops.
The complex comes with secure parking and pedestrian access. 
<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/2019/7/10/darwin%20city%201.jpg" alt="">
"Be that as it may, we should not be discouraged by the current state of the market," HTW said. 
"Unfortunately, it is a reality that we are seeing some heavy reductions but to put things into perspective, we need to take a look at Australia as a whole." 
According to the Australian Bureau of Statistics (ABS), the latest release shows new lending for investment dwelling in Australia is at its lowest since 2011.
Additionally, lending for purchase or construction of a new home in Australia has fallen to its lowest level since 2013.
Lending to households has decreased year on year by 17.8% in the Northern Territory (ABS).
This is a heavy drop but again, but comparative to other states. Victoria and New South Wales have also both dropped year on year, 15.4% and 18.9% respectively.
The report suggests there has been a downturn in all states with the only exception being Tasmania.
"We are not alone up here. The silver lining is that we are now in a period of market affordability; the dream of owning a home or unit is now realistic for Territorians.
"As mentioned earlier, we are seeing home owners slowly accepting the very weak property market. This is reinforced by looking at the recent statistics for the northern suburbs.
"Although sales are decreasing, we are seeing prices stabilising to only minimal decreases (REINT, March 2019). It is only our opinion and we can only speculate that it means people will only sell if it is their last option, if not, they are holding onto their properties for a better market and thus price."
The rental market has steadied in recent times and popular locations are still easily rented.
A fully furnished two bedroom unit in Darwin City is on the rental market with a price guide $430 per week.
Located in a secure complex, the unit at <a href="https://www.realestate.com.au/property-unit-nt-darwin+city-411774483" target="_blank">4/14 Dashwood Place</a> (pictured below) comprises open plan living, balcony, two bedrooms and two car parks.
<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/2019/7/10/darwin%202.jpg" alt="">
"We need to remember during these tough times the old saying 'you only lose if you sell'," the report said. 
However if you must sell, we are seeing well-presented properties still high in demand, so be sure to present your home in good condition, have neat and tidy landscaping and make sure there are no small works required by the potential buyer."
Since the start of 2019, there have been plenty of things done to pave the way to a more positive market.
The government has introduced new inventive schemes (Territory Home Owner Bonus) and construction of new buildings in Darwin (new four-level below ground car Park) and Palmerston (police station).
"We also note the interstate relocation schemes (Welcome to the Territory incentives) introduced in August 2018 will also make a positive impact in 2019.
"To end things off, we have seen land prices increase in the Palmerston suburb of Zuccoli (specifically the Aspire development).
"This increase came as a surprise to us but it is showing that the supply of land is not meeting demand and ultimately this can be seen as evidence that the government incentive program is playing its role.
"There is a lot happening to kick start the economy and our office remains positive that there will be a brighter market; it will just take time for the government schemes to take full effect." 
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Weakening trend continues across Darwin: HTW residential 

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The ACT housing market has not changed much over the past six months, according to a recent Herron Todd White (HTW) residential report. 
The report notes that the value of houses and land has likely seen little growth, owing to an overall lower demand for property arising from various external factors such as the difficulty in obtaining finance.
"Demand is still reasonably strong for entry level houses in the $450,000 to $600,000 range and we would consider this property type to be performing the best," the valuation firm said. 
An example was a Banks three bedroom townhouse which has recently been sold for $520,000 (pictured below). 
Situated at the end of the complex, the townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-act-banks-131362970" target="_blank">6/30 Betty Maloney Crescent </a>comes with three bedrooms, open plan living, separate lounge and covered entertainment area.
The yard has a garden shed and an area outside the laundry that is ideal for the caravan or boat with easy access through a double gate.
<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/2019/7/10/franklin.jpg" alt="">
Demand has remained steady for the mid-point priced houses in the $600,000 to $1 million range.
The prestige market ($2 million plus) remains steady. Prestige dwellings are changing hands, but not at an extraordinary rate.
The report notes that the supply of units remains high and demand remains steady.
"Unit and apartment values have retracted or remained steady over the past six months due to the quantity being offered to the market, especially in the outer suburban areas where demand is generally lower," the valuation firm said. 
Supply is highest for the one-bedroom product that is being offered at a very high rate in new complexes, while the market for two, three and four-bedroom units is more steady and secure.
The price point for most one-bedroom units is between $275,000 and $400,000 depending on location, size and quality of inclusions.
Most two- bedroom units are selling for between $300,000 and $550,000, again depending on location size and quality of inclusions.
A new two bedroom apartment in Franklin has recently been sold for $381,000 (pictured below). 
With easy access to the City Centre, the apartment at <a href="https://www.realestate.com.au/sold/property-apartment-act-franklin-131357150" target="_blank">4/329 Flemington Road</a> comes with open plan living area, two bedrooms, north facing balcony and modern kitchen. 
It is with walking distance to Gungahlin Town Centre and the light rail. 
<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/2019/7/10/franklin.jpg" alt="">
Units with more than three bedrooms are often sold for above $550,000, with some units selling over the $1 million mark in well located, reputable complexes.
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Canberra housing market remains steady: HTW residential 

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The Tasmanian north-west coastal market is steady while other regional locations are performing well, according to a recent Herron Todd White (HTW) residential report. 
"Devonport, Ulverstone and Penguin have some confidence," the valuation firm said. 
"Burnie is steady to slightly positive but still could use a few more people."
The report notes that holiday townships such as Bridport, St Helens and Orford are continuing their strong march from 2018 as people continue to seek that beach side holiday home.
A three bedroom home located in seaside resort Orford recently sold for $545,000.
The modern home at <a href="https://www.realestate.com.au/sold/property-house-tas-orford-130631902" target="_blank">12 Nautilus Drive </a>(pictured above) comes with three bedrooms, entertainer's kitchen with adjoining dining and family area, and large deck. 
Other features include secure back yard with plenty of parking, one bedroom teenager retreat or granny flat and single garage. 
It was last sold for $85,000 in 2013. 
"The town to be careful of is George Town as Temco has just announced a review of the ongoing operations of their smelter at Bell Bay," HTW said.
"The result of the review won’t be released until October.
"There are 300 jobs on the line and it is one of two industrial plants the town has been historically dependent upon." 
<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/2019/7/10/george%20town.jpg" alt="">
A three bedroom brick veneer house in George Town was sold for $139,000 in June. 
Sitting on a large level block, the house at <a href="https://www.realestate.com.au/sold/property-house-tas-george+town-130142482" target="_blank">5 Jacobs Avenue </a>(pictured above) comes with three bedrooms, one bathroom a and small garden shed. 
It is within easy walking distance to the sports grounds and the IGA supermarket. 
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Regional Tasmanian holiday homes performing well: HTW residential 

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Over the first half of 2019, the Gladstone residential property market has continued to show positive signs, according to the latest Herron Todd White (HTW) residential report.
"We have seen minor capital growth of 5% to 10% in some market sectors and some locations in the region," the valuation firm said. 
The report suggests that this growth is certainly not across the entire market however it definitely continues the momentum from 2018 in a positive way.
The market is still being driven by its affordability, with limited new employment opportunities in the region.
A recent sale was a West Gladstone four bedroom house with views towards Mt Larcom and the harbour.
It has been sold for $335,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-west+gladstone-128014414" target="_blank">12 Piper Street</a> (pictured below), the house comes with four bedrooms, separate carpeted lounge room, entertaining area or rumpus room, and tiled outdoor area.
<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/2019/7/1/west%20gladstone%202.jpg" alt="">
"We expect affordability to be the driving factor of our market for the foreseeable future," HTW said. 
Rental levels have continued to rise across 2019.
A fully renovated two bedroom house at West Gladstone has recently been listed for $200 per week. 
Located close to the city, the house at <a href="https://www.realestate.com.au/property-house-qld-west+gladstone-404988845" target="_blank">16 Fowler Street </a>(pictured below) comprises two bedrooms, lounge room, separate dining room, new kitchen and sunroom. 
<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/2019/7/1/west%20gladstone.jpg" alt="">
In most cases rents are jumping 10% per week each time a six-month lease is renewed or commences.
Vacancy rates are hovering around the 3% mark and have remained relatively stable so far this year.
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Gladstone market showing some positive signs: HTW residential 

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Recent months have seen some uncertainty creep into the market for residential property in the western suburbs of the Gold Coast, according to the latest Herron Todd White (HTW) residential report. 
The valuation firms points to areas such as Nerang, Oxenford, Pacific Pines and Gilston as examples.
"While talk of the market downturn in the southern capitals increased anxiety amongst some buyers and sellers, it was somewhat surprising that value levels and selling periods, whilst softening in these areas, were relatively resilient in spite of the media hype," HTW said.
The report suggests that the market in these outer urbanised areas is somewhat split between investors and owner-occupiers.
In line with the broader market, investor activity has slowed in some of the townhouse and unit developments which has opened the door for first home buyers, however high body corporate costs are a restricting factor for some buyers.
Property values for detached housing across most price points remained stable in the first half of the year.
"Some vendors’ price expectations appear a little unrealistic leading to lengthy selling periods, however a vendor with a reasonable asking price and a properly presented house should be assured of good interest and quick sale," HTW said. 
"Research is the key and this sentiment is echoed amongst all regions."
A recent sale in Gold Coast West is a three bedroom house which has been sold for $410,000.
Situated on a 402 square metre block, the house at <a href="https://www.realestate.com.au/sold/property-house-qld-nerang-131444738" target="_blank">8 Bards Court, Nerang</a> (pictured above) comes with three bedrooms, two bathrooms, well-appointed kitchen, undercover alfreso area, and double garage. 
It was sold at the same price in 2017 and $345,000 in 2009. 
<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/2019/6/27/oxenford.jpg" alt="">
Another Oxenford townhouse located within a secure gated complex has been recently sold for $333,000. 
The multi-level townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-qld-oxenford-130386202" target="_blank">1038/6 Crestridge Crescent </a>(pictured above) cmprises open plan living/dining, kitchen with large pantry, master with ensuite and two other bedrooms. 
 The complex is situated five minutes from Coles supermarket and less than 10 minutes from Helensvale Town Centre and Train/Light Rail Station.
It had last sold at $285,000 in 2010. 
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