Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Joel Robinson

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

National apartment developer Abadeen has topped out its debut Gold Coast apartment project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea Palm Beach</a>.

Buyers will move into the $120 million development in early 2026, with builder Emicon now focusing its attention towards the fitout stage of the apartments.

<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s Executive Chairman and Founder, Justin Brown, said topping out at Villea represented an exciting step forward for the company’s national growth and the delivery of a benchmark coastal development.

“Villea Palm Beach represents everything Abadeen stands for — design-led living, premium quality, and the convenience we are bringing for residents to feel part of a perfect beachside community," Brown said.

"It is a particularly special project for us, being our first with spectacular ocean views, just metres from the water and with the addition of ground-floor retail. To reach the top floor is a proud moment, and I am incredibly proud of the Abadeen and Emicon teams for the way they are bringing this project to life for future residents.”

[smartcode_project:default project_id=106840 project_image_fid=336444]

Pierre Saab, Director of builder <a href="https://www.apartments.com.au/builders/emicon">Emicon</a>, said topping out was an exciting milestone and the team is now focused on interiors and detailing.

“This is a fantastic milestone to reach. With the final roof pour complete, we’ve moved into the fit-out stage where the detailing will truly bring Villea to life,"&nbsp;Saab said.

"Standing on the top floor, the team was struck by the stunning 180-degree views of the ocean and all that <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> has to offer — a daily reminder of the exceptional lifestyle this project will deliver.”

[smartcode_project:default project_id=106840 project_image_fid=336441]

Nick Clydsdale, Director of SRQ, who is managing sales and marketing for Villea, said the milestone marks the next phase of the sales campaign.

“With construction now at its highest point, we are excited to kick start the next phase of the campaign off the back of strong sales momentum driven by the local market,"&nbsp;Clydsdale said.

"Villea is a prized offering in the popular suburb of Palm Beach— ideally suited to owner-occupiers and downsizers seeking a convenient and beautiful coastal lifestyle. At the same time, with forecasts pointing to further price growth across the Gold Coast in 2025, Villea offers investors the opportunity to enter early in the upswing cycle."

[smartcode_project:default project_id=106840 project_image_fid=336442]

&nbsp;

Designed by acclaimed architects <a href="https://www.apartments.com.au/architects/bda-architecture">BDA</a>, Villea comprises 69 two- and three-bedroom residences with light-filled layouts, premium finishes including timber flooring, Fisher &amp; Paykel appliances, and high-performance glazing to maximise comfort.

Many residences capture ocean views, while all benefiting from generous open plan designs and access to shared amenities like a&nbsp;pool, gym, barbecue facilities, and outdoor entertaining spaces, all just 400m from the beach.

A ground floor retail leasing campaign is also underway, with Abadeen set to handpick a curated mix of tenants to enhance the experience for both residents and the wider community.

[smartcode_project_cta:default project_id=106840]

Abadeen tops out Villea Palm Beach

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has officially unveiled its vision for a landmark development in Little Bay.

The vertically integrated developer-builder is set to launch <a href="https://www.apartments.com.au/new-apartments/este-jennifer-street-little-bay-nsw-2036">ESTE</a>, a collection of low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architects</a>, comprising 94 apartments.

Targeted at local downsizers, upgraders, nature lovers, and golf enthusiasts, ESTE offers close proximity to Kamay-Botany Bay National Park, Little Bay Beach, and the renowned St Michael’s Golf Club — widely considered one of New South Wales’ top courses.

Many of the apartments, with interiors by Richard Stanisich, boast uninterrupted ocean views — a rare offering in Sydney.

[smartcode_project:default project_id=112343 project_image_fid=210130]

Residents will enjoy exclusive access to a private rooftop amenity level featuring a heated infinity pool, a fitness centre equipped with the latest TechnoGym technology, and a sauna.

Urban Property Group has taken a careful and considered approach to the design and planning stages, ensuring ESTE delivers an architecturally appropriate and sensitive addition to a suburb that rarely sees new development.

Plans were first submitted to Randwick City Council in late 2022, following concept approval from the NSW Government earlier that year.

Construction commenced in November 2024, with the project expected to top out in Q4 2025 and reach completion in Q3 2026.&nbsp;

Urban was one of the first developers in New South Wales to adopt the sought-after 10-year <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Latent Defects Insurance policy from Resilience Insurance</a>. The policy — that can only be taken out by developers or builders and not by individual apartment buyers — covers any structural or waterproofing defects for a full 10 years post-completion, providing buyers with the most comprehensive protection available when purchasing off the plan.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

SRM Residential will be launching ESTE in the coming months.

[smartcode_project_cta:default project_id=112343]

Urban Property Group unveils ESTE Little Bay apartments

For the first time, prospective off the plan apartment buyers in Sydney's <a href="https://www.apartments.com.au/developments/homebush-nsw-2140">Homebush</a> can purchase with the confidence of a 10-year defect protection for their new apartment building.

<a href="https://www.apartments.com.au/new-apartments/bridge-road-residences-homebush-3-5-bridge-road-homebush-nsw-2140">Bridge Road Residences</a>, the latest development by <a href="https://www.apartments.com.au/developers/ventus-group">Ventus Group</a>, is the first new apartment complex in the area to offer the highly sought-after 10-year Latent Defects Insurance, provided by Resilience Insurance.

This policy, which applies to all 80 apartments in the new building on Bridge Road, covers homeowners against&nbsp;structural or design defects defects that may arise within the first 10 years after the building's completion. It can only be taken out by the developer or builder of the new development, and not by individual apartment owners.

Half of the apartments in the building have already been quickly snapped up. Buyers have been attracted by the insurance policy, along with the guarantee of a quality build, thanks to the insurance's Technical Inspection Service. This service involves third-party experts visiting the construction site at least once a month to ensure the building is being properly constructed, making defects highly unlikely.

[smartcode_project:default project_id=6989 project_image_fid=2132]

Located on Bridge Road, the development offers a mix of apartment configurations, from studios to three-bedroom apartments.

Apartments have been designed&nbsp;by MX Architects with liveability in mind, featuring open-plan layouts, engineered timber floors, wool-blend carpet in bedrooms, and either ducted or split-system air conditioning depending on configuration.&nbsp;

Many apartments also include north-facing aspects or oversized balconies, enhancing natural light and outdoor usability.

The development includes landscaped communal gardens with a central lawn, shaded seating, and barbecue areas. A rooftop terrace offers views across the city and Sydney Olympic Park. These amenities are designed to provide outdoor spaces for both relaxation and socialising, without increasing maintenance burden.

[smartcode_project:default project_id=6989 project_image_fid=2135]

Bridge Road Residences is less than 10 minutes’ walk from Homebush Station and close to major road links including the M4 and M8.&nbsp;

Residents will have immediate access to Rochester Street’s cafes, grocers, and restaurants, as well as retail and dining hubs at North Strathfield’s Bakehouse Quarter, Strathfield Plaza, and DFO Homebush.&nbsp;

The area is also well-served by schools and tertiary institutions, including Homebush Public School and the University of Sydney.

Construction is being led by <a href="https://www.apartments.com.au/builders/one-way-dc">One Way Development &amp; Construction</a>. They are expecting to complete the build in Q3 2026.

[smartcode_project_cta:default project_id=6989]

Bridge Road Residences brings 10-year defects guarantee to Homebush

<a href="https://www.apartments.com.au/developers/romano-property-group">Romano Property Group</a> has appointed AG Construct to deliver their boutique new Fitzroy apartment development, Napier 235.

Half of the apartment in the architecturally-striking block of 14 have already been snapped up.

Located just 150 metres from Brunswick Street, <a href="https://www.apartments.com.au/new-apartments/napier-235-235-napier-street-fitzroy-vic-3065">Napier 235</a> will bring a mix of two and three-bedroom residences to the tightly held inner-city neighbourhood, including a full-floor penthouse and one townhouse.

[smartcode_project:default project_id=144904 project_image_fid=3217]

Designed by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> with landscaping by <a href="https://www.apartments.com.au/landscape-architect/florian-wild">Florian Wild</a>, Napier 235 presents a sculptural, low-rise form that aligns with Fitzroy’s heritage character while introducing contemporary detailing.&nbsp;

Residences are all north-facing and feature large private terraces, with living areas that connect to the outdoors via floor-to-ceiling sliding glass.

Inside, kitchens are anchored by 3.5-metre stone island benches and include walk-in pantries, Miele and Gaggenau appliances, and built-in bars with wine fridges in most apartments.&nbsp;

Customisable floor plans allow buyers to tailor internal layouts to suit their needs.

[smartcode_project:default project_id=144904 project_image_fid=3220]

Sustainability has been prioritised from the outset. Napier 235 ranks in the top five per cent of Victorian developments under current planning policy benchmarks, reflecting efficient energy use and environmentally responsible design.

Napier 235 places residents within walking distance of <a href="https://www.apartments.com.au/developments/fitzroy-vic-3065">Fitzroy</a>’s food and retail precincts, including Marion, Morning Market, and Bentwood Café. Fitzroy Gardens, Carlton Gardens, and tram connections to the CBD are also nearby. Despite its proximity to major amenity, the development sits within a quieter residential pocket.

Pricing for two-bedroom apartments at Napier 235 starts at $1,225,000.

[smartcode_project_cta:default project_id=144904]

Construction to commence at Napier 235 in Fitzroy as Romano appoints builder

Median Growth

Melbourne apartment values are approaching a $600,000 median after posting further one per cent gains across April, according to property data firm CoreLogic.

The gains followed a 2.1 per cent jump over March and 1.2 per cent across February, taking their rolling quarterly growth to four per cent.

Apartment values in the Victorian capital have been rising since October. They started the year with a $577,206 median. Now the median is at $599,234.

The main gains across the last six months or so across the country&nbsp;have been found in the housing&nbsp;sector, which is expected to taper off as the growth has been deemed &quot;unsustainable.&quot;

And that growth is likely to give a shot in the arm to the more affordable apartment sector.

CoreLogic&#39;s&nbsp;research director, Tim Lawless, says the pace of capital gains in the housing market could slow further over the coming months as inventory levels rise and affordability constraints dampen&nbsp;demand.

&ldquo;The slowdown in housing value appreciation is unsurprising given the rapid rate of growth seen over the past six months, especially in the context of subdued wages growth. With housing prices rising faster than incomes, it&rsquo;s likely price sensitive sectors of the market, such as first home buyers and lower income households, are finding it harder to save for a deposit and transactional costs.&rdquo;

&quot;There is already some evidence of fewer first time buyers in the market, with the Australian Bureau of Statistics reporting a -4.0% fall in the value of first home buyer home loans through February, the first drop since May last year.

<h2>Melbourne apartments and townhouses to secure at less than the growing median</h2>

Melbourne Grand

Price - Two bedroom apartments for $569,000.

[smartcode_project:default project_id=3490 project_image_fid=93147]

One of Melbourne&#39;s most recently completed towers is the $470 million Melbourne Grand, developed by Central Equity.

They had Multiplex deliver the 58 level high-rise apartment building which won the 2020 HIA Victorian Apartment Complex of the Year award.

High-profile architects Guilford Bell + Graham Fisher designed the 646 apartment block at 560 Lonsdale Street, standing some 200 metres above street level.

One bedroom apartments are priced from $489,000, two beds from $569,000 and three bedroom apartments from $869,000.

Sky Garden, Glen Waverley 
 
Price - One bedroom apartments from $498,000

[smartcode_project:default project_id=2881 project_image_fid=148829]

Developed by Golden Age, Sky Garden is the latest mixed-use development in Melbourne&rsquo;s Glen Waverley.

Featuring over 4,000 sqm of internal and external facilities, the development boasts an affordable&nbsp;entry price of just $498,000.

Features include a sky garden, private cinema, gym, heated lap pool and private library.

Apartment values in the Victorian capital have been rising since October



May 2021: How did Melbourne apartment values perform over April?

<html><body>
The Brisbane apartment market has continued its strong run, with values rising a further one per cent over February, according to CoreLogic's monthly Hedonic Home Value Index.

It follows a 0.4 per cent gain over January and a 0.4 per cent gain over December, which saw its median reach a 2020 high of $390,000.

Now the median sits at $396,183 and is approaching the $400,000 mark.

[smartcode_project:default project_id=90553]

Values in Brisbane are now 1.8 per cent up over the quarter.

CoreLogic's head of research Tim Lawless says there are tentative signs the trend of the housing market performing considerably stronger than the unit market could become less obvious.
</body></html>

CoreLogic's head of research Tim Lawless says there are tentative signs the trend of the housing market performing considerably stronger than the unit market could become less obvious.


March 2021: How did Brisbane apartment values perform over February?

<html><body>
Apartments values across Sydney jumped 1.2 per cent over February, according to CoreLogic's monthly Hedonic Home Value Index.

The New South Wales capital was one of the country's strongest performers, joint second with Melbourne and Perth (both +1.2 per cent).

[smartcode_project:default project_id=21882]

The jump in values across Sydney follows -0.1 per cent declines over December and January. The February growth puts Sydney unit values one per cent up on the quarter.

Sydney's median apartment value now sits at $738,254, according to CoreLogic, up from last month's $734,198.

CoreLogic's head of research Tim Lawless says there are tentative signs the trend of the housing market performing considerably stronger than the unit market could become less obvious.

[smartcode_project:default project_id=6798]

Lawless also noted that the weak rental conditions across Sydney and Melbourne unit markets looks to be turning.

"Melbourne unit rents edged higher in February after falling for nine of the previous 10 months", Lawless said.

"The improvement in unit rents across Australia's two largest cities is likely to be at least partially seasonal as demand from domestic students generally rises early in the year, but could also be attributable to more people returning to work in the inner cities as well as workers in some of the hardest hit industries such as hospitality, food and accomodation service returning to employment."
</body></html>

The New South Wales capital was one of the country's strongest performers, joint second with Melbourne and Perth (both +1.2 per cent).

March 2021: How did Sydney apartment values perform over February?

<html><body>
The Melbourne apartment market has continued to see price growth at the start of 2021 following a strong run toward the back end of 2020.

The median apartment value was up 0.1 per cent, according to data analytics firm CoreLogic, following from 0.6 per cent gains in December and 0.7 per cent gains in November.

The gain sees the median apartment value hit $577,206. Apartment investors were given a boost over January, with unit rents holding firm having declined 7.8 per cent over the past year.

Urban has taken a look at five apartments blocks to secure under or around the median apartment value.

<h2>1. Collins &amp; Bates, Chadstone</h2>

Price: Two bedroom apartments starting from $520,000.

[smartcode_project:default project_id=3950]

In the 98 residence Collins &amp; Bates, you can secure a two bedroom apartment for well below Melbourne's median apartment value. Prices for two beds start from $520,000, with one bed apartments from $420,000. All three bedroom residences, which started from $1 million, are sold out.

Aultun Property Group are the developers behind Collins &amp; Bates. They had Point Architects design the residences and had C&amp;C Interiors handle the interiors which feature Caesar stone bench tops, porcelain splashbacks, Bosch appliances, wool carpets and engineered oak timber flooring.

<h2>2. Hurstmon, Malvern East</h2>

Price: One bedroom apartments starting from $449,000.

[smartcode_project:default project_id=4807]

Landream's Hurstmon development, set for completion in early 2022, has one bedroom apartments available from as low as $449,000. Their two bedroom apartments are a step up, starting from $795,000.

Designed by Telha Clarke, the 39 residence development is surrounded by stately trees and lush, established gardens.

<h2>3. Verre, Preston</h2>

[smartcode_project:default project_id=7275]

Wolf&amp;Lamb's Verre development, set for completion in early 2022, has one, two and three bedroom residences on offer with prices ranging from $385,000 to $815,000.

The 57 residence complex has been designed by Chamberlain Architects.

<h2>4. Melbourne Grand, Melbourne</h2>

Price: Two bedroom apartments starting from $569,000.

[smartcode_project:default project_id=3490]

Winner of the HIA Victorian apartment complex of the year for 2020, the Melbourne Grand has its two bedroom apartments starting from $569,000, just below Melbourne's median apartment price.

The 652 unit project, developed by Central Equity, offers a range of one, two and three bedroom apartments priced from $489,000.

<h2>5. Volaire, West Melbourne</h2>

Price: Two bedroom apartments starting from $599,000.

[smartcode_project:default project_id=2407]

Just above Melbourne's median price are two bedroom apartments in the 159 apartment development Volaire. The CBUS Property-developed project spanning 10 levels has been designed by Hayball to pay homage to the site's industrial heritage with its architectural façade.

The triangular building features cantilevered balconies and occupies its own island site with a ground floor restaurant.

 
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Apartment investors were given a boost over January, with unit rents holding firm having declined 7.8 per cent over the past year.

Melbourne apartment median value up 0.1% in January: What you can buy for the new median 

<html><body>
Brisbane’s median house price has hit a record-breaking $720,000, after 4.4 per cent annual house price growth in 2020. 

According to the latest Queensland Market Monitor published by the Real Estate Institute of Queensland, Brisbane’s median house price rose 1.4 per cent in the September quarter to $720,000 across 2751 transactions.

Annually, Brisbane’s median house price rose 4.4 per cent to reach $710,000 with 12,309 transactions.

The REIQ advised Brisbane houses are in the “rising phase of the price cycle.”

The state's most expensive housing market, Noosa was the best performer for median house price growth for a third consecutive quarter, rising 3.6 per cent growth to $895,000. 

Noosa’s quarterly median unit price was also the top performer for units, rising 5 per cent to $705,000. 

The Gold Coast saw a 3.2 percent annual house price rise to September, to $640,000.

The Gold Coast's unit and townhouse median price recorded a 1.8 per cent rise to $420,000.
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The REIQ advised Brisbane houses are in the “rising phase of the price cycle.”

jchancellor

Brisbane’s median house price hits record $720,000

<html><body>
The median house price in Victoria has recorded its largest increase since 2000, according to data from Real Estate Institute of Victoria’s quarterly December report.  

For the first time, metropolitan houses in Melbourne surpassed a median value of $900,000, jumping by 9.5 per cent from the September quarter to $941,000.  

House prices in middle Melbourne increased by 8 per cent to $1,066,500.

Regional Victoria recording its highest quarterly growth since 2003 with houses at median price of $485,500, up 9.2 per cent from the September quarter, and 7.5 per cent annual growth.

Regional unit prices recorded a 3.5 per cent quarterly increase, to be now 10.3 per cent more valuable than they were 12 months ago.    

Units in metro Melbourne achieved a median price of $639,500, 2.5 per cent higher than the September quarter and an annual increase of 3.8 per cent.  

Following the lifting of intensive lockdowns in October, activity in the property sector returned in Victoria, with an estimated 29,500 transactions in the December quarter, the highest number of quarterly transactions in 2020, surpassing the March quarter at 27,500.  

REIV president Leah Calnan said the Victorian property market has remained “remarkably resilient” in 2020 despite dire market predictions at the on-set of COVID-19.  
</body></html>

For the first time, metropolitan houses in Melbourne surpassed a median value of $900,000



Victoria's median house price records largest increase since 2000

<html><body>
Melbourne house values soared a massive 2.4 per cent over October, leaving Sydney trailing in its wake, according to CoreLogic.
Melbourne's huge success over the month also took its quarterly gains higher than Sydney, posting 5.7 per cent gains.
Sydney house values were up another 1.8 per cent in October, with quarterly gains of 5.3 per cent.
The October price surge in houses is the biggest month-on-month gain since May 2015.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2019/11/1/Capital%20values%20October%202019.jpg" target="_blank">click here</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/1/Capital%20values%20October%202019.jpg" alt="">
Last month the nations two biggest capital city markets <a href="/news/sydney-and-melbourne-compete-to-lead-the-recovery-as-perth-struggles-continue-corelogic-september-update">posted 1.6 per cent gains</a> in house values.
Melbourne's unit market also outperformed Sydney in October, posting two per cent gains to Sydney's 1.2 per cent increase.
Nationally dwelling prices were up 1.2 per cent across all capitals and territories, the fourth month in a row of dwelling value gains.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2019/11/1/Capital%20dwelling%20values%20Oct%202019.jpg" target="_blank">click here</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/1/Capital%20dwelling%20values%20Oct%202019.jpg" alt="">
Perth was the only capital not to see gains, with their value decline over the quarter now approaching Darwin after the Northern Territory capital saw a 0.3 per cent dwelling value increase over October.
Darwin's slight increase was led by houses, up 0.7 per cent. Perth's median dwelling value has now slipped behind Adelaide.
Sydney and Melbourne's dwelling values are approaching the break even point annually after a huge turn around in the markets in the last few months.
 
 
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jrobinson-rf4aSBido9

Melbourne house value growth overtakes Sydney after October surge: CoreLogic

<html><body>
Adelaide recorded a marginal quarterly decline in house prices, down by 0.3% to $519,517, according to Domain.
Comparatively, however, the 0.3% drop follows five consecutive months of house price increases and the result is up 4.1% year-on-year.
Adelaide was one of the few capital cities to record an increase in median unit prices over the September quarter, jumping 1.6% to $313,074. The quarterly result is 2.6% higher than the same time last year.
Domain quarterly stratified median house prices:
<table border="1" cellpadding="0">
<thead><tr>
<td>
HOUSE
</td>
<td>
SEP 2017
</td>
<td>
JUN 2017
</td>
<td>
SEP 2016
</td>
<td>
QOQ %
</td>
<td>
YOY %
</td>
</tr></thead>
<tbody>
<tr>
<td>
Sydney
</td>
<td>
$1,167,516
</td>
<td>
$1,190,677
</td>
<td>
$1,079,309
</td>
<td>
-1.9%
</td>
<td>
8.2%
</td>
</tr>
<tr>
<td>
Melbourne
</td>
<td>
$880,902
</td>
<td>
$869,598
</td>
<td>
$773,399
</td>
<td>
1.3%
</td>
<td>
13.9%
</td>
</tr>
<tr>
<td>
Brisbane
</td>
<td>
$551,840
</td>
<td>
$552,874
</td>
<td>
$531,767
</td>
<td>
-0.2%
</td>
<td>
3.8%
</td>
</tr>
<tr>
<td>
Adelaide
</td>
<td>
$519,517
</td>
<td>
$520,846
</td>
<td>
$498,971
</td>
<td>
-0.3%
</td>
<td>
4.1%
</td>
</tr>
<tr>
<td>
Perth
</td>
<td>
$554,095
</td>
<td>
$561,391
</td>
<td>
$567,314
</td>
<td>
-1.3%
</td>
<td>
-2.3%
</td>
</tr>
<tr>
<td>
Canberra
</td>
<td>
$723,980
</td>
<td>
$693,962
</td>
<td>
$655,468
</td>
<td>
4.3%
</td>
<td>
10.5%
</td>
</tr>
<tr>
<td>
Hobart
</td>
<td>
$409,592
</td>
<td>
$392,170
</td>
<td>
$356,916
</td>
<td>
4.4%
</td>
<td>
14.8%
</td>
</tr>
<tr>
<td>
Darwin
</td>
<td>
$593,329
</td>
<td>
$615,670
</td>
<td>
$610,510
</td>
<td>
-3.6%
</td>
<td>
-2.8%
</td>
</tr>
<tr>
<td>
National
</td>
<td>
$819,455
</td>
<td>
$823,381
</td>
<td>
$758,367
</td>
<td>
-0.5%
</td>
<td>
10.8%
</td>
</tr>
</tbody>
</table>
The median house rental price in Adelaide remained steady at $360 per week over the September quarter, up 2.9% year-on-year.
However, while house rental prices may have remained flat, Adelaide was the only city to record a positive increase in median unit rental prices – increasing 1.7% over the quarter to $295 per week.
"Second only to Hobart, Adelaide has one of the most affordable median house prices of all capital cities, and the most affordable median unit price," said Domain chief economist, Dr Andrew Wilson.
"Despite experiencing a drop in median house price over the quarter, the solid local market provides investors with growing confidence as it continues to deliver resilient results."
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j.ballantyne1990-6AQqhLzZaK

Adelaide median house price steady: Domain

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Glen Waverley has been ranked by Investar recently as the best four year average annual median growth suburb in the country for houses.
The suburb 19 kilometres south-east of Melbourne has had a four year annual increase of 19 percent for its houses.
The median price for these houses is $1.85 million
Property Observer searched for recent residential sales highlighting properties that showed strong growth with resales in the past four years.  
Much of the growth has come from new builds. The property at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-122480470" target="_blank">30 Tobias Avenue</a> in Glen Waverley (below) sold for $2.215 million last month, having last traded for $1.141 million in 2014, showing a price growth of over 43 percent. It looked like<a href="https://www.onthehouse.com.au/6485693/30_tobias_ave_glen_waverley_vic_3150" target="_blank"> this</a> when last sold.
<img src="/images/2016/08/19/Screen%20Shot%202016-08-19%20at%209.01.53%20AM.png" alt="" width="382" height="263">
An old building however at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-123068450" target="_blank">43 Whites Lane</a> fetched $826,000 (below) when sold last month, having last traded for $690,000 in 2014, showing a price growth of 9.33 percent. 
Before selling for $690,00 in 2014, it traded two years earlier for $425,000, showing another strong price growth of 26.6 percent.
<img src="/images/2016/08/19/Glen%20Wav%201.jpg" alt="" width="383" height="228">
Two similar townhouse properties at <a href="https://www.realestate.com.au/property-unit-vic-glen+waverley-117605847" target="_blank">18A</a> and <a href="https://www.propertyobserver.com.au/https://realestate.xitech.com.au/Barry_Plant/12463" target="_blank">18B Coomleigh Avenue</a> have shown strong price growth. 
The property (below) at 18A sold for $799,000 in 2014, and 18B went for $996,000 a year later, an appreciation of 20 percent.
<img src="/images/2016/08/19/Glen%20Waverly%202.jpg" alt="" width="385" height="206">
 
Investar's top five performing suburbs for houses with the best four year average annual median growth.
Rank - Suburb - State - Dwelling - the Median Price Median Price Growth 1 yr - the Median Price 4 Yr Average - Median Rent Rental Yield 
 
1. GLEN WAVERLEY - VIC - Five bedroom house - $1.85 million - 7.55% - 19.08% - $580
 
2. SAN SOUCI - NSW - Four bedroom house - $1.695 million - 10.23% - 18.21% - $420
 
3. PORT DOUGLAS - QLD - Two bedroom house - $545,000 - 27.69% - 17.19% - $480
 
4. HEBERSHAM - NSW - Four bedroom house - $550,000 - 14.58% - 16.85% - $435
 
5. DUNDAS VALLEY - NSW - Three bedroom house - $1.094 million - 36.25% - 17.08% - $520
 
 
 
 
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jonathanchancellor-7SQnKwU6yx

Glen Waverley leads the largest increase in median house prices in last four years 

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In spite of high growth in Sydney and Melbourne, growth in Australia as a whole is significantly lower than other housing markets around the world – according to the latest Knight Frank Global House Price Index.
Onthehouse.com.au data reveals that the annual median capital growth rate for Australia’s houses and units was just 5.7% and 5.6% respectively. It is likely that nationally, houses and units are similar in their growth rate because there are more units in dense, high growth areas.
The two significant resource markets – Darwin and Perth – have showed poor performance over the last year. Houses in Darwin fell -3.74% in the last year, from $575,000 in May 2014 to $554,000 in May 2015.
The deepening downward trend for these markets can be seen below.
<a href="/images/2015/07/24/G3_Resource_State_Trends.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/24/G3_Resource_State_Trends.jpg" alt="">
The differing trends represent the persistent, two tiered housing market that makes growth across the board seem stable. The Iron Ore price remains low at just US$60 per dry metric tonne, a commodity which averaged over US$100 per unit this time last year. Little has been done to create sustainable employment following low resource prices, and the end of the construction phase in the mining boom.
It is therefore misleading to look at data in such aggregation. The two tiered housing market makes it difficult for policy makers and Reserve Bank to influence housing growth.
With a boom on the south east coast that sets a higher deposit hurdle, and a bust in the resource states that has an unclear future, the state of the Australian housing market seems dismal. However, sustainable house and unit growth are an indicator of the strength of the economy. Though we present a summary of statistics by city metropolitan regions, there are suburbs with idiosyncrasies that make them a promising for investment. These include diverse employment opportunities, planning regulation, quality properties and affordability. Exploring such places outside of the major cities could present a more accessible growth or high yield strategy.
ELIZA OWEN is a market analyst for <a href="https://www.onthehouse.com.au/" target="_blank">Onthehouse.com.au</a>.
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