The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Median Price

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Sydney’s median house price is expected to decline in the next three years.
Figures from BIS Oxford Economics has predicted that in 2020 Sydney’s median price will fall by 4% to $1.15 million compared to this year’s median price of $1.2 million.
This is compared to Canberra where it has an expected rise the highest of all, at 16% from $665,000 in 2017 to $770,000 in 2020.
The only other locality with a predicted drop in median price is Darwin where BIS Oxford Economics has predicted that there will be a fall of 1% from $525,000 to $520,000.
<a href="https://www.propertyobserver.com.au/images/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.45.13%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.45.13%20am.jpg" alt="">
Similarly for units all locality except Adelaide, Canberra and Hobart are predicted to experience a decline in median unit prices.
The biggest is Brisbane with a predicted drop of 7% from $425,000 to $395,000.
Sydney, Melbourne and Darwin follow soon after with a predicted drop of 4%.
In contrast to this Hobart’s unit median price is expected to increase by 6% from $315,000 to $335,000.
<a href="https://www.propertyobserver.com.au/images/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.45.22%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.45.22%20am.jpg" alt="">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Median house price for Sydney expected to fall in next three years

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The median Canberra house price has gone past $700,000 for the first time, following a 5.3% rise during the March quarter –  the sharpest increase in the country.
But Canberra unit prices fell by 0.6% to around $401,000, according to the Domain data.
Annual median house rents are up 7.5% and units by 8.2%.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-act-crace-125208470" target="_blank">62 Narden Street</a>, Crace (above) has been listed for $720,000 plus.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-farrer-125092154" target="_blank">27 Gluyas Street</a>, Farrer (below) was recently sold for $700,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/20/27%20Gluyas%20Street.jpg" alt="">
A three bedroom unit at <a href="https://www.realestate.com.au/property-unit-act-bruce-125228542" target="_blank">91/31 Thynne Street</a>, Bruce (below) has been listed for $425,000 plus.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/20/91_31%20Thynne%20Street.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-act-wright-125115010" target="_blank">79/40 </a><a href="https://www.realestate.com.au/property-apartment-act-wright-125115010" target="_blank">Philip Hodgins Street</a>, Wright (below) has been listed for $395,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/20/79_40%20Philip%20Hodgins%20Street.jpg" alt="">
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Canberra median prices goes to $700,000 for the first time

<html><body>
The council areas of NSW's Murrumbidgee, Queensland's Issac and Victoria's  Monash, Whitehorse and Boroondara are among the best nationwide for median house price growth over the past two decades, according to CoreLogic.
A new report from CoreLogic states over the 20 years to December 2016, median selling prices of houses nationally have increased at a compound annual rate of 7.2 percent, indicating that property prices have, on average, doubled over ten years. 
"While the national growth rate is strong, the rate of growth has varied dramatically between the states and territories and within different regions of each state and territory," CoreLogic said.
"The first table within this release highlights the 25 council areas across the country that have seen the greatest compound annual increase in median house prices over the past 20 years. 
"Note that data for the Northern Territory is not available for 20 years and as a result has been excluded from the analysis."
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Council Area
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="84">
Median Price
</td>
<td valign="top" width="97">
20 yr growth pa
</td>
</tr>
<tr>
<td valign="top" width="106">
Murrumbidgee
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$167,000
</td>
<td valign="top" width="97">
13%
</td>
</tr>
<tr>
<td valign="top" width="106">
Issac
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$140,000
</td>
<td valign="top" width="97">
11%
</td>
</tr>
<tr>
<td valign="top" width="106">
Monash
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,100,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Whitehorse
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,081,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Boroondara
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,910,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Glen Eira
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,328,500
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Maribyrnong
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$781,500
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Yarra
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,210,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Darebin
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$840,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Banana
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$190,000
</td>
<td valign="top" width="97">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Bayside
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,658,750
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Boorowa
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$235,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Manningham
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,170,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Stonnington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,810,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Kingston
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$851,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Nannup
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$372,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Phillip
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$1,550,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Liverpool
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$750,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Byron
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$800,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Greater Dandenong
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$600,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Maroondah
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$745,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Waverley
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$2,625,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Hobsons Bay
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$771,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Moreland
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$740,000
</td>
<td valign="top" width="97">
9%
</td>
</tr>
<tr>
<td valign="top" width="106">
Moonee Valley
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$955,500
</td>
<td valign="top" width="97">
9%
</td>
</tr>
</tbody></table>
The Murrumbidgee council area in the Riverina areas of New South Wales has seen the greatest increase in median house prices over the past 20 years at 13.0 percent pa. 
Isaac, located in the coal mining heartland of Queensland’s Bowen Basin, in second place is an interesting one because 3-4 years ago house prices were substantially higher due to the mining boom but they have fallen by -22.4 percent pa over the past five years as the mining boom has unwound. 
Elsewhere on the top 25 list; New South Wales and Victorian council areas feature heavily, especially those located within Sydney and Melbourne. 
These tables highlight how the increases in prices in Sydney and Melbourne have outstripped those of the rest of the country. 
In Sydney in particular, this has occurred despite the fact that prices generally fell between 2003 and 2009.
The second table highlights the 25 council areas nationally that have seen the lowest annual increases in median house prices over the past 25 years. 
Not one of these council areas is situated in a capital city highlighting that there is often a divide between the performance of capital city and regional housing markets. 
Most of these council areas are in regional areas linked to single industries such as mining or agriculture.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Council Area
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="84">
Median price
</td>
<td valign="top" width="97">
20 yr growth pa
</td>
</tr>
<tr>
<td valign="top" width="106">
Coolgardie
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$87,500
</td>
<td valign="top" width="97">
0.4%
</td>
</tr>
<tr>
<td valign="top" width="106">
Yilgarn
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$58,500
</td>
<td valign="top" width="97">
0.5%
</td>
</tr>
<tr>
<td valign="top" width="106">
Dundas
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$33,000
</td>
<td valign="top" width="97">
1%
</td>
</tr>
<tr>
<td valign="top" width="106">
Paroo
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$50,000
</td>
<td valign="top" width="97">
1%
</td>
</tr>
<tr>
<td valign="top" width="106">
Unincorporated SA
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="84">
$46,000
</td>
<td valign="top" width="97">
2%
</td>
</tr>
<tr>
<td valign="top" width="106">
East Pilbara
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$150,500
</td>
<td valign="top" width="97">
2%
</td>
</tr>
<tr>
<td valign="top" width="106">
Hay
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$120,000
</td>
<td valign="top" width="97">
2%
</td>
</tr>
<tr>
<td valign="top" width="106">
Kimba
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="84">
$70,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Morawa
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$60,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Burdekin
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$175,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Quilpie
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$87,500
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Walgett
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="84">
$80,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Buloke
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$82,750
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Blackall Tambo
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$75,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Central Highlands
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$190,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Bruce Rock
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$70,250
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Roebourne
</td>
<td valign="top" width="47">
WA
</td>
<td valign="top" width="84">
$291,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Cassowary Coast
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$250,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Yarriambiack
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$90,000
</td>
<td valign="top" width="97">
3%
</td>
</tr>
<tr>
<td valign="top" width="106">
Southern Mallee
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="84">
$99,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
<tr>
<td valign="top" width="106">
Tatiara
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="84">
$142,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
<tr>
<td valign="top" width="106">
Gannawarra
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="84">
$160,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
<tr>
<td valign="top" width="106">
Douglas
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$405,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
<tr>
<td valign="top" width="106">
Berri and Barmera
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="84">
$181,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
<tr>
<td valign="top" width="106">
North Burnett
</td>
<td valign="top" width="47">
QLD
</td>
<td valign="top" width="84">
$146,000
</td>
<td valign="top" width="97">
4%
</td>
</tr>
</tbody></table>
The past, of course, is no indicator of future performance, but the data provides a good insight into the areas which are likely to see stronger price growth in the future.
Regions that have diverse economies and are not reliant on single or a handful of industries are likely to see higher levels of housing demand. 
Subsequently, these areas also tend to see greater increases in selling prices due to the heightened level of housing demand.
</body></html>

Murrumbidgee, NSW, leads top 25 best performing areas for median house price increases over past 20 years

<html><body>
Melbourne could join Sydney sooner in the million-dollar median house price club, with Domain chief economist Dr Andrew Wilson saying it could happen by the middle of 2018 instead of the December quarter he spoke of just two weeks back. 
Melbourne's median house price was more than $795,000 in December 2016, according to the Domain group.
Record migration levels and the recent moves by the Victorian government to waive off stamp duty on homes up to $600,000 will drive the price growth, said Dr Wilson. 
"I believe the Melbourne median house price would exceed a million dollars by the middle of next year," he said on 2GB’s Nights with Steve Price show, revising his forecast of a $1 million by the December quarter of 2018 he spoke just a few weeks earlier carried in an article in Domain.com.au.
Sydney’s median house price surpassed $1 million in July 2015 after 8.4 per cent growth in a single quarter.
Dr Wilson expects Melbourne’s price growth to average 3 per cent a quarter for the next year and a half, which would push the median house price beyond $1 million "sooner rather than later".
Dr Wilson said  “a change in the tax mix it can have a sharp short-term impact on the market” such as the recent announcement by the Andrews Labor government that from July 1, there would be no stamp duty for first home buyers for purchases below $600,000.
Those buying a home valued between $600,000 and $750,000 will be eligible for a concession.
First-home buyers purchasing cheaper properties would likely “activate” upgraders in the market, who would then spend more for their next property, pushing up prices, Dr Wilson said.
He cited the rapid price rises from 2009 to 2010 as a result of sops to first-home buyers. During this time, thousands of dollars in incentives were provided to first-home buyers to buy into the market.
Dr Wilson also cited the near-record levels of migration into Melbourne as a key driver of prices on a 2GB’s Nights with Steve Price show. 
He said net migration into Victoria was about 83,000 for the 12 months to September 2016, according to ABS data. Much of that was into Melbourne and “that’s what pushing rents up and prices up in the Melbourne market”.
Low interest rates were also part of the equation and it “has left the market cherry ripe for an absolute rush of buyers”, he said.
</body></html>

prateek24-ezbwHMbNAk

Melbourne's median house price to reach $1 million by mid-2018: Domain's Dr Wilson

<html><body>
At the end of 2016, 7.6 percent of suburbs nationally had a median house value under $200,000 and 5.9 percent of suburbs had a median unit value below $200,000.
To put these figures into some perspective, 11.4 percent of suburbs had a median house value of at least $1 million and 3.0 percent of suburbs had a median unit value of at least $1 million.
Mr Kusher found that over the five years to the end of 2016, a substantial decline occurred in the proportion of suburbs with a median value below $400,000.
As a comparison, at the end of 2011, 53.5 percent of suburbs had a median house value of less than $400,000 and 69.8 percent of suburbs had a median unit value of less than $400,000. By the end of 2016, the proportion of suburbs with a median value of less than $400,000 fell to 41.0 percent for houses, and 55.3 percent for units.
<a href="https://www.propertyobserver.com.au/images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.39%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.39%20am.jpg" alt=""> 
Looking back at the individual capital cities over the past five years highlights a significant shift in the proportion of suburbs with a median value under $400,000, particularly in Sydney and Melbourne.
Today’s analysis revealed that five years ago, with the exception of Darwin and Canberra, every capital city had at least 20 percent of its suburbs with a median house value of less than $400,000.
At the end of last year, it was virtually impossible to find houses for less than $400,000 in Sydney, Darwin and Canberra while less than 7% of suburbs had a median house value below $400,000 in Melbourne.
<a href="https://www.propertyobserver.com.au/images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.46%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.46%20am.jpg" alt="">
We noted that across each city there has been a substantial decline in affordable housing over the past year despite the fact that outside of Sydney and Melbourne there has been only moderate value growth over the period.
Even units recorded a fairly substantial decline in the proportion of suburbs with a median value of less than $400,000 over the past five years.
<a href="https://www.propertyobserver.com.au/images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.54%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.20.54%20am.jpg" alt="">
For those earning a relatively low income in Sydney and looking to buy a house or unit, they are competing for a rapidly declining pool of housing stock across the city.
The pool is also declining across the remaining capitals, albeit not at the same pace of decline as in Sydney.
Key Findings:
• At the end of 2016, looking at both houses and units, 20.5 percent of Sydney suburbs had a median value of less than $600,000 compared to 38.5 percent of suburbs having a median value of at least $1 million. To further highlight deteriorating housing affordability in Sydney, 34.6 percent of suburbs had a median unit value of less than $600,000 at the end of 2016. In each other capital city, a higher proportion of suburbs had a median house value of less than $600,000 than the proportion of suburbs with a median unit value of less than $600,000.
• In 2011, the proportion of total suburbs with a median house value below $400,000 across each capital city was: 21.2 percent in Sydney, 28.9 percent in Melbourne, 40.9 percent in Brisbane, 40.5 percent in Adelaide, 31.1 percent in Perth, 69.2 percent in Hobart, 2.1 percent in Darwin and 1.1 percent in Canberra.
• Units offered a more affordable option highlighted by the proportions of suburbs values below $400,000 at: 38.8 percent in Sydney, 48.2 percent in Melbourne, 81.7 percent in Brisbane, 94.3 percent in Adelaide, 59.8 percent in Perth, 92.7 percent in Hobart, 53.3 percent in Darwin and 44.6 percent in Canberra.
• The proportion of suburbs with a median house value of less than $400,000 at the end of 2016 was recorded at: 0.1 percent in Sydney, 6.3 percent in Melbourne, 29.2 percent in Brisbane, 28.0 percent in Adelaide, 18.9 percent in Perth, 52.1 percent in Hobart and 0.0 percent in Darwin and Canberra. For units the proportions were recorded at: 6.5 percent in Sydney, 31.8 percent in Melbourne, 62.7 percent in Brisbane, 85.1 percent in Adelaide, 46.4 percent in Perth, 88.4 percent in Hobart, 57.6 percent in Darwin and 45.8 percent in Canberra.
<a href="https://www.propertyobserver.com.au/images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.21.01%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/16/Screen%20Shot%202017-02-16%20at%2011.21.01%20am.jpg" alt="">
Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
</body></html>

ckusher-ujnxiKuFQs

The heightened decline in suburbs under the $400,000 median: Cameron Kusher

<html><body>
The median dwelling price in Melbourne is $566,000, up from $475,000 five years ago, according the December 2016 Housing Affordability Report from CoreLogic.
The median dwelling value across Melbourne now costs 7.1 times the median annual household income, according to CoreLogic. 
<a href="https://www.propertyobserver.com.au/images/2017/01/23/Screen%20Shot%202017-01-23%20at%201.45.41%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/23/Screen%20Shot%202017-01-23%20at%201.45.41%20PM.png" alt="">
Property Observer went searching around the median price in Melbourne and found this one bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-120627881" target="_blank">168 Victoria Street, Melbourne</a> on the market with prices starting from $542,000.
</body></html>

mick.cee-iDmgDDAmu8

Median Melbourne dwelling price around $566,000: CoreLogic

<html><body>
The median dwelling price in regional Victoria is $300,000, up from $273,001 five years ago, according the December 2016 Housing Affordability Report from CoreLogic.
The median dwelling value across regional NSW now costs 6.6 times the median annual household income, according to CoreLogic. 
<a href="https://www.propertyobserver.com.au/images/2017/01/23/Screen%20Shot%202017-01-23%20at%201.54.41%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/23/Screen%20Shot%202017-01-23%20at%201.54.41%20PM.png" alt="">
Property Observer found this single level two bedroom family home at <a href="https://www.realestate.com.au/property-lifestyle-vic-enfield-7875154" target="_blank">80 Inglewood Drive Enfield</a> on the market for between $275,000 - $300,000. 
</body></html>

Regional Victoria's median dwelling price hits $300,000: CoreLogic

<html><body>
Hobart's cheapest innercity suburb saw Clarendon Vale have the lowest median value for both houses within 10 km of the Hobart CBD in 2016, according to CoreLogic data.
Clarendon Vale in the Clarence municipality saw around 20 annualised property deals with a sold median value of $155,655.
For units Montrose, in the Glenorchy municipality, had 13 transactions in units with a sold median value of $197,395 till September 2016, according to CoreLogic’s Best of the Best 2016 report.
<a href="https://www.propertyobserver.com.au/images/2017/01/11/HobartLoMedVal-House.png" target="_blank">Click to enlarge</a>
 <img src="https://www.urban.com.au/images/2017/01/11/HobartLoMedVal-House.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/01/11/HobartLoMedVal-Unit.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/11/HobartLoMedVal-Unit.png" alt="">
Clarence and Glenorchy dominate the top 10 list for lowest median values within 10 km of the CBD for both houses and units.
In Clarendon Vale, Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-clarendon+vale-122246430" target="_blank">6 Dawn Court, Clarendon Vale, Tas 7019</a> (above) which sold in August 2016 for $159,000, a tad higher than the median price.
In Montrose, a two-bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-montrose-121438138" target="_blank">2/58 Montrose Road, Montrose</a>, (below) sold for $195,000 in May 2016.
<a href="https://www.realestate.com.au/sold/property-unit+apartment-between-150000-200000-in-montrose%2c+tas+7010%3b/list-1?includeSurrounding=false"> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/09/HobartLowMedpic2.jpg" alt=""></a>
</body></html>

jonathanchancellor-7SQnKwU6yx

Clarendon Vale tops list for cheapest Hobart houses: CoreLogic

<html><body>
<div>Sydney recorded a preliminary auction clearance rate of 82 percent (CoreLogic) on Super Saturday, with Domain reporting a figure of 79 percent. </div>
<div> </div>
<div>The median auction price, admittedly a crude market measure if ever there was one, came in at $1,270,000.</div>
<div> </div>
<div>Smoothing the median auction prices of a 4pMA basis shows that over the past two months median auction prices have been tracking about 10 per cent or so higher than a year ago. </div>
<a href="/images/2016/11/28/SYDNEY.jpg" target="_blank"> Click to enlarge</a>
<img src="/images/2016/11/28/SYDNEY.jpg" alt="">
<div> </div>
<div>However, auctions only represent a part of the market, and in so,e secondary areas auctions have become less common as sentiment has tailed off, resulting in considerably lower volumes overall than a year ago.</div>
<div> </div>
<div>This is consistent with moderate year-on-year median price growth for Sydney as a whole, but with a number of prime location areas still firing, in particular on the lower north shore, northern beaches, and in parts of the eastern suburbs. An oversized 2 bedroom, 1 bathroom unit on <a href="https://www.realestate.com.au/property-apartment-nsw-waverton-124009834" target="_blank">Crows Nest Road</a> close to Waverton station (above) sold for a thunderous $1.35 million at auction on Saturday. At the beginning of this cycle in 2012 roughly equivalent units sold for just under $800,000.</div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
</div>
</body></html>

pwargent-M4siyDbqQY

Sydney's North Shore market sizzling: Pete Wargent 

<html><body>
Adelaide ranks as the cheapest capital city for houses and units, according to recent CoreLogic data on private treaty sales. Hobart is even cheaper.
Property Observer went searching for houses in Adelaide at around its $410,000 average.
A one bedroom home at<a href="https://www.realestate.com.au/sold/property-house-sa-adelaide-122872858" target="_blank"> 54 Corryton Street Adelaide</a> (above) recently sold for $394,000.
A one bedroom home at <a class="property-card__info-text" href="https://www.realestate.com.au/sold/property-house-sa-adelaide-122968118" target="_blank" data-reactid="104">16 Allen Place, Adelaide</a> recently sold for $511,000.
<h1 class="property-info__address">54 Corryton Street</h1>
<a href="/images/2016/09/13/Screen%20Shot%202016-09-13%20at%2010.23.40%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/13/Screen%20Shot%202016-09-13%20at%2010.23.40%20AM.png" alt="">
</body></html>

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