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

Land Value

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The cost of purchasing a plot of land in Melbourne rose 12.4 percent in 2016, buoyed by low interest rates, strong auction clearance rates and population growth, with the trend expected to continue this year.
The latest figures from project marketers red23 add to the strength of the Melbourne property market where house prices surged 15 per cent in 2016 ( CoreLogic), says a recent article in the Australian Financial Review. 
Across the 143 active housing projects tracked by red23, the Melbourne median lot price rose to just under $240,000, though buyers were compensated with slightly bigger blocks of land, with the median lot size rising from 420 to 448 square metres.
Explaining the surge in land prices, Red23's head of research Andrew Perkins was quoted by the AFR as saying, "In 2016, we saw interest rates at an all‐time low, the strongest auction clearance rates since 2009, continued strong population growth, affordability relatively sound in comparison to Sydney and confidence levels stable.
A Melbourne lot is still 40 percent cheaper on average than a Sydney lot. The October HIA-CoreLogic Residential Land Report recorded a Sydney median lot price of $420,000 for a 450 sq m block.
"This suggests that all things being equal, 2017 will be much the same [for price growth]," he added.
Factoring in the cost of building, a new three-bedroom home within 25 kilometres of the Melbourne CBD can still be bought for under $350,000. In Sydney's outer west, a new three-bedroom home will cost around $600,000.
According to red23, lot price growth was strongest in Wyndham in the south-west, home to the more established growth suburbs like Point Cook and Williams Landing, where lot prices soared 28 per cent to $270,000 and weakest at just 3.8 per cent in Hume in the north and Melton in the west.
Strong buyer demand was also a key factor in rising lot prices, with the Victorian Planning Authority reporting a record 22,000 lot sales in the year to September – Melbourne is home to the country's fastest selling housing estate, the 7000-lot Woodlea estate at Rockbank in the west being developed by Mirvac and VIP Properties.
The strong rise in lot prices and record demand for new housing has seen developers pay huge sums of money for land in the outer suburbs.
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jonathanchancellor-7SQnKwU6yx

Melbourne land prices rose in double digits in 2016

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GUEST OBSERVER
The continuing question of what return a rural property can demonstrate has been the source of many discussions between valuers, investment managers and accountants involved in financial modelling of rural assets.
Buyer motivation, data access and credibility, commodity and seasonal fluctuations are among the variables that influence a decision about how much someone will pay for an asset.
So while a complex calculation can be built, I asked my research guy Rick, if he could simply overlay the Eastern Young Cattle Indicator (EYCI) and Queensland Cow Market Indicator (QCMI) across the Queensland Grazing Property Index (QGPI) as reported annually by Herron Todd White and see what came up.
The result is per the graphic below and it reveals a very interesting story.
EYCI and QCMI with the QGPI for settled ales over 2,000 hectares
<a href="/images/2016/09/01/Screen%20Shot%202016-09-01%20at%2010.25.55%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/01/Screen%20Shot%202016-09-01%20at%2010.25.55%20AM.png" alt="">
For the period 1997 to 2004 the result reflected that  the land values moved in line with, but six months behind the underlying commodity movements with a high conviction.
From 2004 to 2009 however the value of rural land growth to the peak of the market in 2009 was significant with values increasing 62% on the median price in the five years, the ECYI decreasing 15.5% and the QCMI decreasing 10.6%. In other words the driver of land value was not reflective of the commodity return. This disconnect was also highlighted in the QRAA Rural debt surveys in 2009 and 2011.
From 2009 to 2013 the conviction between the land value and commodity return come back into relative alignment, but largely because of the fall in values not the rise in commodity prices.
2014 and 2015 then show the impact of the significant shift in the beef pricing and subsequent impact on land values. The rate of growth in the curve for the EYCI and QCMI is as sharp as at any point in the past 20 years which is no surprise for those in the industry. The jump in land values however is possibly more of a surprise.
So the question then moving forward for all stakeholders is what is the sustainability of the commodity market pricing relative to current sale yard, processor grids and live export pricing? There are potential risks out there (Indian frozen buffalo, Brazil exports etc) that could place a cap on prices and possibly see a reduction in the market place. If this were to occur, the logical view would be that the land values if still following the lag period would adjust accordingly or at least flatten out.
I have recently presented to a few banks and corporate clients and commented that the rapid rise in values in some sense has actually in my mind brought time forward. Where we thought the values may get to in say 2018 have been achieved in 2015 and 2016. The shift has been good for vendors and agents are reporting across the country that it is harder to find or list assets relative to the demand currently. Does the market settle a bit to draw breath or does demand see another level of value shift in land? Only time will tell.
Conclusion: Forecasting the land value movements based on the commodity price overlay which has a six month lag may be a good guide to looking at least into the short term land market values. This assumes the conviction between the commodity outlook and the land values remains high. Of course valuers are not there to forecast or predict the future. They deal with settled sales evidence in a consistent manner of analysis so that our clients have a consistent reference for the conclusions drawn.
The Australian Farm Institute has for its winter edition sought to investigate this question and I was fortunate enough to be asked to contribute to the discussion.
For those interested in reading the five articles from industry and educational institutions, go to the website <a href="https://www.farminstitute.org.au" target="_blank">www.farminstitute.org.au</a> and you can subscribe to the journal. The process of writing this article was good in that it really challenged me to look nationally for information and data to see where the value relationship to land and returns sits based on settled sales over many years. 
Tim Lane the national rural director at HTW and can be contacted <a href="https://www.htw.com.au" target="_blank">here</a>.
 
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jchancellor-FAypfDUnLy

Rural returns and land values: HTW's Tim Lane

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<div>
On 1 July 2016, Land and Property Information (LPI) will separate into five discrete units which will be integrated into the Department of Finance, Services and Innovation (DFSI) - see organisation chart below. 
<ul>
<li>LPI – Titling and Registry Services</li>
<li>Office of the Registrar General</li>
<li>Spatial Services</li>
<li>Valuation Services</li>
<li>Office of the Valuer General</li>
</ul>
Why we’re changing
LPI was formed around 16 years ago to create a government agency with responsibility for land valuation, land titling and registration and surveying, mapping and spatial information. The division has operated successfully throughout this period and many synergies have been created. 
With advances in technology, many manual processes are now digital and there are channels to ensure continued information sharing between the existing LPI units, without requiring the units to be grouped together as one division. 
With this in mind, as part of a scoping study of LPI, the Government has concluded there is opportunity to provide more benefit to the State if the Titling and Registry Services (TRS), Valuation Services and Spatial Services units of LPI are separated and integrated into DFSI.
Further, the Government has decided to separate the regulatory and operational functions of LPI’s Titling and Registry Services. 
What is changing
The newly formed Office of the Registrar General (ORG) will oversee the operations of LPI - Titling and Registry Services (TRS) and focus on legislative change and policy administration relating to the conveyancing industry. This area will become part of the Better Regulation division, providing for a consistent approach to regulation across government. 
The split of regulatory and operational functions will enable TRS operations to focus on maximising efficiency, customer service and innovation - improving service outcomes for the conveyancing industry. 
Valuation Services will move into Property NSW and will benefit from synergies with the other units within the division that manage property across NSW. Valuation Services will continue to provide services to the Valuer General under a service level agreement. The Office of the Valuer General will remain a separate unit reporting to Parliament and the Secretary, DFSI
Spatial Services will be integrated into Government and Corporate Services to ensure spatial information is provided to other government agencies efficiently, maximising innovation in this rapidly evolving area of technology.
The separation was carefully designed to avoid any increase in complexity and the new model strengthens commercial performance, innovation and regulatory oversight. As part of this, a new pricing framework has been introduced.
Land and Property Information changes 2016
</div>
<div>
<a href="/images/2016/06/22/Structural_Changes_2016V3.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/22/Structural_Changes_2016V3.jpg" alt=""> 
</div>
<div>
<h2> </h2>
Operational
LPI – Titling and Registry Services
LPI – Titling and Registry Services (TRS) – maintains a secure and efficient system of land ownership and State-Government-guaranteed land title protection (under the Torrens system).
In September 2015, the NSW Treasury launched a comprehensive scoping study to investigate future options for Land Property Information (LPI). 
As announced on 20 May 2016, the Government has decided to offer a long term concession of 35 years for the management of the titling and registry services business of LPI.
You can also read the Treasurer’s announcement.
Spatial Services
Spatial Services, on behalf of the Surveyor General, creates and maintains a spatial representation of the State and acts as a ‘single source of truth’ for foundation spatial information and survey infrastructure and services in NSW. It supports the legislative and statutory requirements for the NSW Surveying and Spatial Information Act 2002.
Spatial Services provide leadership to NSW in the production and maintenance of foundation spatial datasets and services by capturing, sourcing, aggregating and quality-assuring information so that government, industry and the community can make informed decisions and create social and economic value.
It also digitises and preserves NSW state records including historic aerial imagery, land titles, plans and state survey records. 
Spatial Services will be part of Government and Corporate Services within DFSI.
Valuation Services
Valuation Services manages the valuation system on behalf of the Valuer General. The Valuer General delegates specific functions to Valuation Services, detailed in a service level agreement. 
Valuation Services: 
<ul>
<li>establishes and manages valuation contracts </li>
<li>monitors the performance of contract valuers </li>
<li>audits and quality assures land values </li>
<li>determines compensation following the compulsory acquisition of land </li>
<li>manages objections and appeals </li>
<li>delivers customer service </li>
</ul>
Valuation Services will be part of Property NSW, within DFSI.
Office of the Valuer General
An independent statutory officer appointed by the Governor of New South Wales, the Valuer General is responsible for: 
<ul>
<li>the valuation of land for rating and taxing </li>
<li>the determination of compensation when land is compulsorily acquired </li>
<li>setting standards and policies for the valuation system which is managed by Valuation Services </li>
<li>monitoring Valuation Services’ management of contract valuers </li>
<li>monitoring the quality of land values and services provided to the community by Valuation Services</li>
<li>providing professional leadership and stewardship to the valuation industry. </li>
</ul>
The Valuer General reports administratively to the Minister for Finance, Services and Property and the Secretary of DFSI.
Regulatory
Office of the Registrar General
The newly formed Office of the Registrar General (ORG) has assumed the regulatory functions of LPI – Titling and Registry Services (TRS). It will oversee the operations of TRS and focus on legislative change and policy administration relating to the conveyancing industry. The ORG will be integrated into Better Regulation in DFSI, providing for a consistent approach to regulation across government.
The Registrar General’s role 
The Registrar General maintains the NSW land titles system, which underpins over $130 billion dollars of economic activity in NSW each year. This includes the creation and maintenance of land titles records evidencing legal ownership and registered interests for land parcels and the examination and registration of plans and documents relating to land within NSW, while ensuring compliance with statutory requirements and protecting the integrity of the State’s cadastre. 
The NSW Government guarantees security of ownership for registered landowners recorded in the NSW land title system, ensuring confidence in the land title system.
 
For more information, <a href="https://www.lpi.nsw.gov.au/" target="_blank">click here</a>.
</div>
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NSW land, property changes on July 1

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House price growth accelerated during the March 2015 quarter as turnover fell 5.2% from the previous quarter, marking the third decline for land transactions in three consecutive  quarters.
Housing Industry Association chief economist Harley Dale said the combination of escalating residential land values and a related decline in sales volumes is not a good combination.
"The combination of significantly reduced turnover and strong price growth suggests that supply bottlenecks in residential land are intensifying," Mr Dale said.
"That is pricing new home buyers out of the housing market and capping the construction cycle at a lower level than would otherwise be the case.
According to the quarterly HIA CoreLogic RP Data Residential Land Report the residential land price in Australia increased 4.1% in March when with the previous quarter, up 8.2% from the same quarter last year. The amount of residential land transactions dropped 5.2% and is 17.6% lower than the same quarter last year.
CoreLogic RP Data research director Tim Lawless said the number of vacant land sales peaked over the June 2013 quarter and have since reduced by almost 30," Mr Lawless said.
"To see the price of land consistently rising over the same time frame suggests low supply is the main driver of this price growth rather than a slowdown in demand.
“Higher land prices translate to more expensive housing which is an unfortunate circumstance for those looking to purchase a detached house. Sydney stands out as the most expensive land market with a rate per square metre of $678, followed closely by Perth with a rate per square metre of $664.” 
 
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