Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Median Price

<html><body>
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

<html><body>
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>
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Clarendon Vale tops list for cheapest Hobart houses: CoreLogic

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<div>Sydney recorded a preliminary auction clearance rate of 82 percent (CoreLogic) on Super Saturday, with Domain reporting a figure of 79 percent. </div>
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<div>The median auction price, admittedly a crude market measure if ever there was one, came in at $1,270,000.</div>
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<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="">
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<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>
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<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>
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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>.
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Sydney's North Shore market sizzling: Pete Wargent 

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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="">
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