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

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The median price for a home in Sydney sold through private treaty is around $845,5000 from 2,842 sales, according to CoreLogic RP Data with units at $675,513 from a total of 1,600 sales.
Melbourne's private treaty median price for homes is $610,000 from 3, 444 sales and units $490,000 from 1,368.
The Brisbane home median price is $500,000 from 1,576 sales and units $365,000 from 295.
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Sydney's median private treaty home price hovers above $845,000: CoreLogic RP Data

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Sydney’s median house price fell below $1 million, declining like most Australian capital cities except Melbourne and Hobart, as the real estate sector feels the pinch of a weakening economy, says the March Quarter Domain House Price Report. 
 Unit prices also fell across the board following a record number of apartments being built in most capitals over recent years.  
The national median has now fallen over two consecutive quarters for the first time since June 2011.
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<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2011.57.02%20AM.png" alt="">
Commenting on the report, Domain's chief economist, Dr Andrew Wilson, said:  “Weakening economic activity and growing uncertainty is impacting fragile consumer and investment sentiment, leading to falling house and unit prices in most capital cities.
 The outlook for house prices is not bright either with capital city growth likely to track at best just above the inflation rate for the remainder of 2016, he added. However, weaker house price growth could be a boon for prospective first home buyers.
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<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2011.58.17%20AM.png" alt="">
 Sydney
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<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.00.11%20PM.png" alt="">
 Sydney’s median house price fell again over the March quarter, recording a 1.5 per cent drop down to $995,804. This followed the record decline over the previous December quarter. 
The $1 million median was touched in the June quarter of 2015, 326 days earlier than expected, with Domain's Dr Wilson calculating it to be $1,000,616 then.
Sydney’s unit prices also fell for the second consecutive quarter, down by 0.7 per cent to $656,166. 
Despite both experiencing declines over the March quarter, Sydney house prices increased by 6.9 per cent over the year while unit prices rose by 5.8 per cent.
 “The Sydney market’s rate of decline slowed after the dramatic drop recorded in the previous quarter, experiencing a consecutive quarterly price decline for the first time since December 2011. We can expect subdued conditions to continue over the remainder of the year, with any price growth unlikely before spring,” said Wilson.   
<a href="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.02.32%20PM.png" target="_blank">Melbourne</a>
<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.02.32%20PM.png" alt="">
 Melbourne was the only mainland capital to buck the trend of falling house prices, recording an increase of 1.2 per cent over the March quarter, reaching a median of $726,962. Melbourne house prices increased by 11.8 per cent over the year ending March — the strongest result of all the capitals. Melbourne unit prices fell by 1.7 per cent over the March quarter to $444,370 for an annual increase of 3.8 per cent.  
 “Melbourne has now overtaken Sydney as the fastest growing capital city housing market in Australia. Melbourne has recorded 14 consecutive quarters of house price growth, the longest sequence since June 2008,” said Wilson. 
<a href="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.01.22%20PM.png" target="_blank"> Brisbane </a>
<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.01.22%20PM.png" alt="">
 Brisbane house prices fell marginally over the March quarter for the first decrease since the September quarter 2014, with a median price of $512,809. Brisbane unit prices were also down over the quarter, falling by 0.8 per cent to $367,058.  Across the year, Brisbane house prices increased by 4.1 per cent with unit prices falling by 3.2 per cent.
“Brisbane has now recorded seven consecutive quarters of falling unit prices with the recent apartment building boom having pushed supply ahead of demand. The local house market has also failed to build on a solid finish to 2015, with the median house price falling to $512,809,” said Wilson. 
 Adelaide
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<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.03.52%20PM.png" alt="">
 The Adelaide housing market reversed its consistent growth performance of last year with the median house price falling by 0.5 per cent to $491,422. The March quarter decrease followed the strong result recorded over the previous December quarter and was the sharpest decline since September 2012. 
Adelaide unit prices were steady over the March quarter with a median of $303,537, making Adelaide the only capital not to experience a decline this quarter. Unit prices increased by 2.2 per cent over the year with house prices up by 3.4 per cent. 
 “A consolidating result for Adelaide after a strong finish last year. Similar to other capitals, Adelaide has experienced a flattening of price growth with future growth likely at a slower rate than recent years,” said Wilson. 
 Perth
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<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.05.01%20PM.png" alt="">
 The revival of Perth’s house prices was short-lived with the median falling by 1.3 per cent over the March quarter to $579,914. The weaker result followed an increase over the previous December quarter, which was the first rise in a year. Perth house prices fell by 4.7 per cent over the year ending the March quarter, which was the strongest decline of all the capitals.
Perth unit prices also fell over the March quarter following the increase recorded over the previous December quarter. Unit prices decreased by 3.7 percent to $379,975 and have fallen by 5.1 percent over the past year – the sharpest annual decline since December 2011.
 “Although Perth house prices increased marginally over the previous quarter following a year of falls, the median again fell in the March quarter and it will be a slow journey back to price growth,” said Wilson. 
 Hobart
<a href="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.06.18%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.06.18%20PM.png" alt="">
 Hobart house prices continue to rise strongly with the median increasing by 4.3 percent over the March quarter to $360,212. The March result follows the 3.5 percent increase recorded over the previous December quarter with annual prices now up by 7.6 percent – the second best performance of all the capitals. 
Hobart unit prices fell sharply by 6.2 percent over the March quarter to $251,633 for a fall of 3.3 percent over the year.
 “After a lengthy period of subdued growth, Hobart continues to play catch up, recording the strongest price increase of all capitals across the March quarter. Despite further likely rises, Hobart remains the most affordable Australian capital city,” said Wilson.
 Canberra
 
<a href="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.07.14%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.07.14%20PM.png" alt="">
Canberra house prices fell over the March quarter following five consecutive quarters of growth. The median house price decreased by 1.4 percent to $638,696 over the quarter but has increased by 4.8 percent over the past year.  Canberra unit prices reversed the rise of the previous quarter, falling by 2.8 percent to $400,637 for an annual decrease of 4.7 percent.  
“An oversupply of new apartments is affecting unit prices in Canberra. A rebound in Canberra house prices will be dependant on the performance of the local economy with all eyes as usual on the upcoming federal budget,” said Wilson.
Darwin
<a href="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.08.15%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/21/Screen%20Shot%202016-04-21%20at%2012.08.15%20PM.png" alt="">
 Darwin house prices fell sharply over the March quarter, down by 4.9 percent to $610,305 and the third consecutive quarter of falling house prices. Unit prices were also down over the quarter, decreasing by 4.1 percent to $448,416. Darwin house prices have declined by 3.3 percent over the past year with unit prices down by 8.3 percent - the weakest performance of all the capitals.
 “The Darwin market continues to adjust to the downturn of the mining sector and reduced demand from fly-in-fly-outs. Lower prices, however, are good news for homebuyers. The Darwin unit market remains vulnerable to further price falls as a result of a recent spike in the the development of new apartment complexes,” said Wilson.
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jonathanchancellor-7SQnKwU6yx

House prices falling as Sydney drops below $1 million median: Domain

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Residential listings fell 0.8 percent over March from February according to SQM Research, who found Hobart and Melbourne recording considerable yearly falls.
Canberra recorded the largest monthly fall in stock levels, down 6.1 percent during March 2016.
<a href="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" alt="">
SQM managing director Louis Christopher said real estate listings were very steady over the course of March, with the decline in Canberra noted.
"Canberra's decline is yet more evidence the market there has now turned the corner.," he said.
"We also note the ongoing decline in listings in Hobart, which is also reflective of a recovery in the nation’s south. We also note that Hobart recorded rises in asking prices for the month.
"Over the past month, the capital city average for asking prices has increased 6.2 percent for houses, and 5.7 percent for units, with year-on- year results revealing Sydney median asking prices have risen 8.0 percent for houses and 9.4 percent for units compared to this time last year. Melbourne also experienced yearly changes with median asking prices for houses climbing 12.4 percent for houses, and 4.0 percent for units."
 
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jchancellor-FAypfDUnLy

Hobart and Melbourne continue to record yearly falls: SQM

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The REIV has released details on the suburbs with the top growth in median unit prices in the December Quarter 2015. 
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='[null,2,"Suburb"]'>Suburb</td>
<td data-sheets-value='[null,2,"Dec-15 Median"]'>Dec-15 Median</td>
<td data-sheets-value='[null,2,"Sep-15 Median"]'>Sep-15 Median</td>
<td data-sheets-value='[null,2,"Quarterly Change"]'>Quarterly Change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"COBURG"]'>COBURG</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,540000]">$540,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,461000]">$461,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.171]">17.1%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA"]'>ST KILDA</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,530000]">$530,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,455000]">$455,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.165]">16.5%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PRAHRAN"]'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,555000]">$555,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,483000]">$483,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.149]">14.9%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN"]'>BALWYN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,892500]">$892,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,781000]">$781,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.143]">14.3%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLAYTON"]'>CLAYTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,622500]">$622,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,547500]">$547,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.137]">13.7%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELSTERNWICK"]'>ELSTERNWICK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,589750]">$589,750</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,531000]">$531,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.111]">11.1%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOUNT WAVERLEY"]'>MOUNT WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,795000]">$795,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,727500]">$727,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.093]">9.3%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON EAST"]'>BRIGHTON EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1005000]">$1,005,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,925000]">$925,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.086]">8.6%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MELBOURNE"]'>MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,497500]">$497,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,460000]">$460,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.082]">8.2%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"RINGWOOD"]'>RINGWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,502500]">$502,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,465000]">$465,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.081]">8.1%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FRANKSTON"]'>FRANKSTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,336000]">$336,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,312000]">$312,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.077]">7.7%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH"]'>BENTLEIGH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,890000]">$890,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,828750]">$828,750</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.074]">7.4%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MENTONE"]'>MENTONE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,556000]">$556,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,520000]">$520,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.069]">6.9%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY"]'>FITZROY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,660000]">$660,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,617500]">$617,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.069]">6.9%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRUNSWICK"]'>BRUNSWICK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,504750]">$504,750</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,472500]">$472,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.068]">6.8%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLENROY"]'>GLENROY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,445000]">$445,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,418000]">$418,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.065]">6.5%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CHELTENHAM"]'>CHELTENHAM</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,605000]">$605,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,570000]">$570,000</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.061]">6.1%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NORTH MELBOURNE"]'>NORTH MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,548500]">$548,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,518500]">$518,500</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.058]">5.8%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA EAST"]'>ST KILDA EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,555000]">$555,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,526250]">$526,250</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.055]">5.5%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NOBLE PARK"]'>NOBLE PARK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,372500]">$372,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,353750]">$353,750</td>
<td data-sheets-numberformat='[null,3,"0.0%",1]' data-sheets-value="[null,3,null,0.053]">5.3%</td>
</tr>
</tbody>
</table>
Only suburbs with at least 25 sales in the relevant quarter are included.
Property Observer went looking for recent unit sales in Victoria's Coburg around the median price and came up with a few:
<img src="/images/2016/03/3/image8.jpg" alt="" width="671" height="503">
1. A three-bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-coburg-121309090" target="_blank">103C/41-43 Stockade Avenue</a> (above) sold in December for $514,750 
 <img src="/images/2016/03/3/Screen%20Shot%202016-03-03%20at%204.45.12%20PM.png" alt="" width="609" height="370">
2. A two-bedroom unit at <a href="https://realestateview.com.au/real-estate/30-shaftsbury-street-coburg-vic/property-details-sold-residential-9411030" target="_blank">7/30 Shaftsbury Street</a> was sold for $553,000.
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Coburg apartments top median price growth: REIV

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There were 92 suburbs in Melbourne that had a median house price in excess of a million dollars in December Quarter 2015, according to the REIV.
Of these, 45 suburbs had 30 or more sales in the quarter. There were thirteen new entrants to this list over the quarter: Brunswick East, East Melbourne, Flinders, Hampton East, Middle Park, Parkdale, Parkville, Research, Rosanna, Sorrento, St Kilda West, Thornbury and Warrandyte. Eight suburbs - Brunswick East, Hampton East, Parkdale, Parkville, Research, Rosanna, Sorrento and Thornbury - returned to the list in the three months to December 2015.  * denotes less than 30 sales in the quarter
 
<table dir="ltr" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td data-sheets-value='[null,2,"Suburb"]'>Suburb</td>
<td data-sheets-value='[null,2,"Dec-15 Median"]'>Dec-15 Median</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"EAST MELBOURNE*"]'>EAST MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2842500]">$2,842,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TOORAK"]'>TOORAK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2840000]">$2,840,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA WEST*"]'>ST KILDA WEST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2700000]">$2,700,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CANTERBURY"]'>CANTERBURY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2432000]">$2,432,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MIDDLE PARK*"]'>MIDDLE PARK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2290000]">$2,290,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN"]'>MALVERN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2230000]">$2,230,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON"]'>BRIGHTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2225000]">$2,225,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ARMADALE*"]'>ARMADALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2200000]">$2,200,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW"]'>KEW</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2140000]">$2,140,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN"]'>BALWYN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2100000]">$2,100,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN EAST"]'>HAWTHORN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2050000]">$2,050,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORTSEA*"]'>PORTSEA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2050000]">$2,050,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAWTHORN"]'>HAWTHORN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,2015625]">$2,015,625</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAMBERWELL"]'>CAMBERWELL</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1877500]">$1,877,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN IRIS"]'>GLEN IRIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1853000]">$1,853,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAMPTON"]'>HAMPTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1850000]">$1,850,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH YARRA"]'>SOUTH YARRA</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1833000]">$1,833,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SURREY HILLS"]'>SURREY HILLS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1759389]">$1,759,389</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BALWYN NORTH"]'>BALWYN NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1725000]">$1,725,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"KEW EAST*"]'>KEW EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1723000]">$1,723,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD*"]'>CAULFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1711000]">$1,711,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"EAGLEMONT*"]'>EAGLEMONT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1700000]">$1,700,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELWOOD"]'>ELWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1650000]">$1,650,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PARKVILLE*"]'>PARKVILLE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1600000]">$1,600,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ALPHINGTON*"]'>ALPHINGTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1590000]">$1,590,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRIGHTON EAST"]'>BRIGHTON EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1580000]">$1,580,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY*"]'>FITZROY*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1580000]">$1,580,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD NORTH"]'>CAULFIELD NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1560000]">$1,560,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ALBERT PARK*"]'>ALBERT PARK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1550000]">$1,550,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT*"]'>MONT ALBERT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1534000]">$1,534,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MALVERN EAST"]'>MALVERN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1520500]">$1,520,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"IVANHOE"]'>IVANHOE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1505500]">$1,505,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PRAHRAN"]'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1485000]">$1,485,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SANDRINGHAM"]'>SANDRINGHAM</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1472500]">$1,472,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACK ROCK*"]'>BLACK ROCK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1460000]">$1,460,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHBURTON"]'>ASHBURTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1426000]">$1,426,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BEAUMARIS"]'>BEAUMARIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1425000]">$1,425,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ELSTERNWICK"]'>ELSTERNWICK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1408750]">$1,408,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON*"]'>CARLTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1400000]">$1,400,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PARK ORCHARDS*"]'>PARK ORCHARDS*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1380000]">$1,380,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL*"]'>BOX HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1375000]">$1,375,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NORTH MELBOURNE*"]'>NORTH MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1367500]">$1,367,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ORMOND*"]'>ORMOND*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1365000]">$1,365,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SOUTH MELBOURNE*"]'>SOUTH MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1362500]">$1,362,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE"]'>TEMPLESTOWE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1353000]">$1,353,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ABERFELDIE*"]'>ABERFELDIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1342500]">$1,342,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA EAST*"]'>ST KILDA EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1330000]">$1,330,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ESSENDON"]'>ESSENDON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1315000]">$1,315,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CAULFIELD SOUTH"]'>CAULFIELD SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1313000]">$1,313,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARNEGIE*"]'>CARNEGIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1300000]">$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FAIRFIELD*"]'>FAIRFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1300000]">$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FLINDERS*"]'>FLINDERS*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1300000]">$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH"]'>BENTLEIGH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1295000]">$1,295,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MCKINNON*"]'>MCKINNON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1288750]">$1,288,750</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MURRUMBEENA*"]'>MURRUMBEENA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1285000]">$1,285,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MOUNT WAVERLEY"]'>MOUNT WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1281250]">$1,281,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER"]'>DONCASTER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1260000]">$1,260,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ST KILDA*"]'>ST KILDA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1257000]">$1,257,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"MONT ALBERT NORTH*"]'>MONT ALBERT NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1253500]">$1,253,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PORT MELBOURNE"]'>PORT MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1252500]">$1,252,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL SOUTH"]'>BOX HILL SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1238000]">$1,238,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"FITZROY NORTH*"]'>FITZROY NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1224250]">$1,224,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"RICHMOND"]'>RICHMOND</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1220000]">$1,220,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CARLTON NORTH*"]'>CARLTON NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1210000]">$1,210,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLIFTON HILL*"]'>CLIFTON HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1206000]">$1,206,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BURWOOD"]'>BURWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1190000]">$1,190,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BLACKBURN"]'>BLACKBURN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1188000]">$1,188,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"GLEN WAVERLEY"]'>GLEN WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1185000]">$1,185,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WILLIAMSTOWN"]'>WILLIAMSTOWN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1179500]">$1,179,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONVALE*"]'>DONVALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1162500]">$1,162,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"STRATHMORE"]'>STRATHMORE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1160500]">$1,160,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"DONCASTER EAST"]'>DONCASTER EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1160000]">$1,160,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"NORTHCOTE"]'>NORTHCOTE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1106250]">$1,106,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ASHWOOD*"]'>ASHWOOD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1103500]">$1,103,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"CLAYTON*"]'>CLAYTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1100500]">$1,100,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"SORRENTO*"]'>SORRENTO*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1100000]">$1,100,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HAMPTON EAST*"]'>HAMPTON EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1081000]">$1,081,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"HUGHESDALE*"]'>HUGHESDALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1080250]">$1,080,250</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"TEMPLESTOWE LOWER"]'>TEMPLESTOWE LOWER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1070000]">$1,070,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"PARKDALE"]'>PARKDALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1062500]">$1,062,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"VERMONT SOUTH"]'>VERMONT SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1049000]">$1,049,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BULLEEN*"]'>BULLEEN*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1038000]">$1,038,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"OAKLEIGH*"]'>OAKLEIGH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1037500]">$1,037,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WARRANDYTE"]'>WARRANDYTE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1030000]">$1,030,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"RESEARCH*"]'>RESEARCH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1027500]">$1,027,500</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BOX HILL NORTH"]'>BOX HILL NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1025000]">$1,025,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BRUNSWICK EAST*"]'>BRUNSWICK EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1020000]">$1,020,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"WINDSOR*"]'>WINDSOR*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1020000]">$1,020,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"THORNBURY"]'>THORNBURY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1017000]">$1,017,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"BENTLEIGH EAST"]'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1015000]">$1,015,000</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"ROSANNA*"]'>ROSANNA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1010000]">$1,010,000</td>
</tr>
</tbody></table>
</body></html>

Melbourne's 92 million dollar median suburbs: REIV

<html><body>
Melbourne’s median price has moderated following four successive quarters of growth, providing positive news for house hunters in 2016.
The median price fell marginally in the December quarter – down 0.1 per cent to a median house price of $718,000 – following solid growth of 4.5 per cent in September. 
REIV Chief Executive Officer, Enzo Raimondo, said a high proportion of sales in Melbourne’s outer ring in the last quarter of 2015 had assisted in stabilising the housing market. 
“Melbourne’s outer suburbs saw the strongest capital growth in the December quarter, up 2.9 per cent over September figures,” he said.
Suburbs in the city’s outer north east dominated the list of top growth suburbs with Warrandyte recording growth of more than 19 per cent - rejoining the million dollar club with a median house price of $1,030,000.
<h3>The graph below depicts median house and unit prices in Melbourne over the past decade in seasonally adjusted terms.</h3>
<a href="https://www.propertyobserver.com.au/images/2016/02/11/Screen%20Shot%202016-02-11%20at%2011.32.41%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2016/02/11/Screen%20Shot%202016-02-11%20at%2011.32.41%20AM.png" alt="">*All quarterly median prices are seasonally adjusted and quarterly. Annual change is based on rolling annual figures.
Greenvale and Sunshine were also strong performers in December, up more than 17 per cent over the previous quarter. 
“Eight of the top 20 growth suburbs have a median house price below $600,000 and six of these are below $520,000. The median house price in Werribee increased more than $30,000 in the December quarter to $357,000.
“This level of growth in areas that are traditionally seen as affordable suburbs indicates buyer demand for space and affordability.”  
“Improved infrastructure in the city’s outer ring, including rail links and upgraded roads, are really boosting prices in these suburbs.” 
Mr Raimondo said there had been a distinct shift away from more expensive Melbourne suburbs with buyers now looking at emerging growth areas. 
“Demand for suburbs in Melbourne’s middle ring ebbed this quarter, as buyers sought  value further from the city’s CBD.” 
He said the city’s moderating housing market represented good news for those looking to get a foothold on the property ladder. 
“While 2015 was a remarkable year for vendors, a moderating market favours buyers with more room for negotiation,” he said. 
Meanwhile, suburbs in Melbourne’s inner ring continued to perform well at the end of 2015 with the median house price reaching $1,252,000 for the first time – a 1.3 per cent quarterly increase. 
Widespread growth was also recorded for units and apartments, up 1.6 per cent across the city to a median of $537,500. 
Regional Victoria was the state’s main growth driver in median prices in the December quarter, outstrippingMelbourne. REIV data shows house prices in regional Victoria rose 2.2 per cent in the last three months of 2015 to a median of $353,000, up from $345,500 in September.  The price of units and apartments also increased in December, up 2.3 per cent to a median of $268,500. Meanwhile, growth in Melbourne moderated with the median house price down 0.1 per cent in December to $718,000. REIV Chief Executive Officer, Enzo Raimondo, said price growth in regional areas appeared to be driven by willingness by city dwellers to live further from the Melbourne CBD and commute - and by a new trend, with city dwellers migrating from Melbourne to live full-time in country areas. “We’ve seen prices in major regional areas within 90 minutes of Melbourne grow in price, suggesting city commuters are looking further afield for lifestyle and value reasons,” he said. “Many regional centres within commuting distance of Melbourne are increasingly sought-after by those priced out of the Melbourne market.”  Mr Raimondo said a further, interesting trend is for price growth in towns and cities further from Melbourne, in the most recent quarter. “We’ve seen growth in larger regional centres further from Melbourne in the final few months of 2015.” These include Bairnsdale, Echuca, Swan Hill, Mildura and Warrnambool, he said. “This latter trend is more likely being driven by homebuyers looking to migrate to regional areas to work or retire in regional Victoria, with many seeking to swap the city for the more relaxed living in the regional and rural areas.”
Melbourne’s median price has moderated following four successive quarters of growth, providing positive news for house hunters in 2016.
The median price fell marginally in the December quarter – down 0.1 per cent to a median house price of $718,000 – following solid growth of 4.5 per cent in September. 
REIV Chief Executive Officer, Enzo Raimondo, said a high proportion of sales in Melbourne’s outer ring in the last quarter of 2015 had assisted in stabilising the housing market. 
“Melbourne’s outer suburbs saw the strongest capital growth in the December quarter, up 2.9 per cent over September figures,” he said.
Suburbs in the city’s outer north east dominated the list of top growth suburbs with Warrandyte recording growth of more than 19 per cent - rejoining the million dollar club with a median house price of $1,030,000.
<div>
 <table dir="ltr" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td data-sheets-value='[null,2,"Metro Melbourne"]'>Metro Melbourne</td>
<td data-sheets-value='[null,2,"Dec-15 Quarter"]'>Dec-15 Quarter</td>
<td data-sheets-value='[null,2,"% chg to last q"]'>% chg to last q</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual Change"]'>Annual Change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,718000]">$718,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,-0.001]">-0.10%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,719000]">$719,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.08]">8.00%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,537500]">$537,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.016]">1.60%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,529000]">$529,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.05]">5.00%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Inner"]'>Inner</td>
<td data-sheets-value='[null,2,"Dec-15 Quarter"]'>Dec-15 Quarter</td>
<td data-sheets-value='[null,2,"% chg to last q"]'>% chg to last q</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual Change"]'>Annual Change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1252000]">$1,252,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.013]">1.30%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,1236500]">$1,236,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.17]">17.00%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,562000]">$562,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.005]">0.50%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,559000]">$559,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.021]">2.10%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Middle"]'>Middle</td>
<td data-sheets-value='[null,2,"Dec-15 Quarter"]'>Dec-15 Quarter</td>
<td data-sheets-value='[null,2,"% chg to last q"]'>% chg to last q</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual Change"]'>Annual Change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,837000]">$837,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,-0.022]">-2.20%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,855500]">$855,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.132]">13.20%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,596500]">$596,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.018]">1.80%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,586000]">$586,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.088]">8.80%</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Outer"]'>Outer</td>
<td data-sheets-value='[null,2,"Dec-15 Quarter"]'>Dec-15 Quarter</td>
<td data-sheets-value='[null,2,"% chg to last q"]'>% chg to last q</td>
<td data-sheets-value='[null,2,"Sep-15 Quarter"]'>Sep-15 Quarter</td>
<td data-sheets-value='[null,2,"Annual Change"]'>Annual Change</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"House"]'>House</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,559000]">$559,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.029]">2.90%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,543000]">$543,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.086]">8.60%</td>
</tr>
<tr>
<td data-sheets-value='[null,2,"Unit"]'>Unit</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,425000]">$425,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.032]">3.20%</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value="[null,3,null,412000]">$412,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value="[null,3,null,0.051]">5.10%</td>
</tr>
</tbody></table>
</div>
<div> </div>
<div>Greenvale and Sunshine were also strong performers in December, up more than 17 per cent over the previous quarter.  “Eight of the top 20 growth suburbs have a median house price below $600,000 and six of these are below $520,000. The median house price in Werribee increased more than $30,000 in the December quarter to $357,000. “This level of growth in areas that are traditionally seen as affordable suburbs indicates buyer demand for space and affordability.”  “Improved infrastructure in the city’s outer ring, including rail links and upgraded roads, are really boosting prices in these suburbs.” Mr Raimondo said there had been a distinct shift away from more expensive Melbourne suburbs with buyers now looking at emerging growth areas.  “Demand for suburbs in Melbourne’s middle ring ebbed this quarter, as buyers sought  value further from the city’s CBD.” He said the city’s moderating housing market represented good news for those looking to get a foothold on the property ladder.  “While 2015 was a remarkable year for vendors, a moderating market favours buyers with more room for negotiation,” he said.  Meanwhile, suburbs in Melbourne’s inner ring continued to perform well at the end of 2015 with the median house price reaching $1,252,000 for the first time – a 1.3 per cent quarterly increase.  Widespread growth was also recorded for units and apartments, up 1.6 per cent across the city to a median of $537,500. </div>
Prices for regional Victoria are also <a href="https://www.reiv.com.au/RESEARCH/Sales-Data/Median-Prices-in-the-Regions" target="_blank">available</a>.
 
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Melbourne's median falls in December quarter: REIV

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<div>Sydney median house prices were up by 1% in October to be up by 21% over the year to $1,058,500.</div>
<div> </div>
<div>Sydney median unit prices were also up by 1% in the month to be up by 15% over the eyar to $684,500.</div>
<div> </div>
<div>There has also been moderate growth over the past year for Brisbane houses (4%) and units (3%).</div>
<div> </div>
<div>Interestingly Melbourne has now picked upp the pace, with house prices in the Victorian capital recording growth of 7% in the last quarter alone to be 11% higher over the year. </div>
<div> </div>
<div>On the other hand, some moderate declines were recorded in other cities and regions. </div>
<div> </div>
<div><a href="/images/2015/12/1/Table_1_October_Statistics_Summary.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/12/1/Table_1_October_Statistics_Summary.jpg" alt="" width="781" height="579"></div>
<div> </div>
<div>In other news, there was a very strong result recorded for the Reserve Bank's Financial Aggregates.</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>
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pwargent-M4siyDbqQY

Residex market update: Pete Wargent

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The Gold Coast had the highest quarterly house price increase of all major regions with a 3.8% increase compared to the previous quarter, recording a new median house price record of $545,000, according to the REIQ.
Ipswich is the standout Queensland performer in the Greater Brisbane area with the highest quarterly increase in the median house price increasing 1.6% to $320,00.
The latest data from the September quarter released by the REIQ found ouse sales over the quarter were up 12% in Ipswich. Annual house listings increased 3.6%.
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The median house price in the Brisbane LGA was recorded at a new high of $615,000, and Cairns recorded a 2.6% increase. 
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<a href="/images/2015/11/18/Screen%20Shot%202015-11-19%20at%201.48.41%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-19%20at%201.48.41%20PM.png" alt="" width="687" height="637">
<a href="/images/2015/11/18/Screen%20Shot%202015-11-19%20at%201.50.30%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-19%20at%201.50.30%20PM.png" alt="">
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mick.cee-iDmgDDAmu8

Gold Coast's highest quarterly house price increase of major QLD regions

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Increases in median house price for three and four bedroom family homes across Mebourne's inner suburbs have bested all price brackets in the three months to September 30, according to the REIV.
The REIV said the median price for three bedders is up 5.8% to just over $1.1 million and four bedders within 10km of the city up 3.8% over the quarter to nearly $1.7 million.
REIV chief executive officer Enzo Raimondo said across metropolitan Melbourne the median house price for three-bedroom homes rose 3.6% over the September quarter to $603,000 while four-bedroom homes were up 3% to a city-wide median of $752,000.
"Demand for larger family homes has boosted the median house price for three and four-bedroom homes across the city," he said.
“Melbourne’s outer suburbs have also seen price growth this year as buyers have sought value further from the city, with larger blocks attracting high buyer interest as the city’s middle suburbs have increased in price."
Three-bedroom apartments saw a 2% over the quarter to a median of $660,000.
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Family home demand boosts three, four bedroom median: REIV

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Perth's median house price fell by 2.7% or $15,000 in the September quarter when compared to June, according to the Real Estate Institute of Western Australia.
The median house price is now $535,000.
Sales turnover was down 14% when compared to the previous quarter.
REIWA Deputy President Hayden Groves said the adjustment in price of 2.7% was quite modest given the high number of properties on the market. 
“Currently we have almost 15,000 listings on the Perth market, which is up by about 3,000 on what we would consider normal,” Mr Groves said. 
"Listings for sale were up by 9% in the quarter and up by 44% on the same time last year. The biggest growth in listings over the last three months was found in the north-east sub region which includes the Shires of Kalamunda and Mundaring, along with the City of Swan. This region saw a further 305 properties added to the sales market, bringing it to a total of 1,952 listings at quarter’s end.
"Top selling suburbs overall included Butler, Ellenbrook, Bayswater, Baldivis and Canning Vale, largely reflecting first home buyer activity. Only a handful of areas saw an increase in turnover for the quarter, but these included Fremantle, Gosnells, Cockburn and Armadale."
In the rental market the vacancy rate has lifted slightly to 5.4 per cent for the three months to August, with some 8,311 rental properties on the market.  
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