Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Joel Robinson

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

[smartcode_project:default project_id=150037 project_image_fid=5333]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

[smartcode_project:default project_id=150037 project_image_fid=5338]

Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

[smartcode_project_cta:default project_id=150037]

Bilinga House apartments snapped up as Greyburn commences construction

Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
	<li>Rental yield: 6.16% - 6.47%</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of up to 6.47 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
	<li>Rental yield:&nbsp;5.37% - 5.62%</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

How first home buyers can enter the Sydney property market for under $500k

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

[smartcode_project:default project_id=135149 project_image_fid=368157]

“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Coronation champions terraces as a key piece of Sydney’s housing mix

Median Prices

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A wide gap exists between media-generated perceptions about real estate issues and the reality revealed by research.
Examples abound. Media serves a regular diet of “affordability crisis” stories while the major affordability indexes published quarterly tell a quite different story. The annual survey by Property Investment Professionals of Australia, in which most of the major findings contradict common perceptions, provides another case in point.
The latest Adelaide Bank/REIA Housing Affordability Report finds that affordability (the national average situation) has improved to the best levels in seven years. Continuing reductions to interest rates and (small) increases to incomes have improved home-buyers’ capacity to repay their mortgages, while the overall rate of price growth has diminished.
The proportion of the median family income needed to repay an average loan in the June Quarter was 29.4 percent – down 0.6 percentage points from the March Quarter, and the lowest level since June 2009.
Those figures tell a very different story to the general theme of daily media coverage, which portrays a crisis, the death of the Great Australian Dream and a generation doomed to a lifetime of renting.
The proportion of family income needed to meet loan repayments improved in all state and territories in the past 12 months. NSW remains the most expensive place to service a home loan (35.4 percent of family income) while the ACT is the cheapest (19.4 percent of income).
The report makes a pertinent observation about the level of activity by first-time buyers. Most media reports bemoan the apparent low numbers of first-home buyers, based on highly-misleading loan statistics. The Adelaide Bank report points out that while first-home buyers are 14.3 percent of the owner-occupier market, if you exclude re-financing loans they make up 22.5 percent of the owner-occupier market 
And there’s another component to first-time buyer activity not discussed here – the number of first-time buyers who buy an investment property as a first purchase. 
The report highlights another point often overlooked by media when discussing the ability of young people to buy homes. The weighted average median house price in the capital cities is $698,000, according to this report, but the average loan size for first-home buyers is $328,000.
This reinforces the view that quoting city medians (especially the very high ones for Sydney) in the context of affordability for first-home buyers is misleading, because first-timers buy at the lower end of the market, as they have always done. First-timers don’t buy mid-range homes, not in Sydney nor anywhere else.
The second annual Property Investor Sentiment Survey by Property Investment Professionals of Australia (PIPA) shows that 71 percent of respondents think now is a good time to invest in property. This figure is up by five percentage points compared with last year.   While 32 percent of investors say recent changes to lenders’ investment policies have affected their ability to secure finance, 58 percent are nonetheless looking to buy a property in next 6-12 months.   According to the survey, 72 percent of investors are unconcerned about the potential removal of negative gearing and only 2 percent think that negative gearing concessions are a key attraction of real estate investment. This would tend to contradict general media perceptions that investors are piling into real estate, allegedly forcing up prices, because of the tax breaks.
Indeed, the survey shows that almost half of property investors are positively-geared and two-thirds of those who are currently negatively-geared expect they will become positively-geared within five years.
Close to nine out of ten prefer to buy existing properties rather than new, which would suggest the ALP plan to restrict negative gearing to new properties to encourage construction activity would be ineffective (especially given the oversupply of new apartments).
Another myth-buster is the finding that only 13 percent of investors see record low interest rates as the key reason to get into property investment. Most media commentary (usually sourced from economists) would have us believe that the key driver of the mythical “national property boom” has been record low interest rates.   PIPA chair Ben Kingsley says the survey results confirm that property investors remain focused on the long-term benefits of property investment and are not distracted by fleeting media issues like negative gearing, alleged bubbles and looming oversupply in some markets.
As an interesting sidelight from the general theme, investor views on which cities now provide the best investment prospects have the capital cities ranked in this order: Brisbane, Melbourne, Sydney, Adelaide, Perth, Hobart, Canberra and Darwin. Half of the survey respondents voted for Brisbane.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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terryryder-YECXbqmri2

Quoting city medians for first-home buyers misleading

<html><body>
Looking at median selling prices over the past decade, the national median house price ten years ago was recorded at $330,000, while the median unit price was $310,000.
Ten years on, and the median selling prices are now $499,000 and $445,000 respectively.
What we’re seeing here is a selling price increase of 51 percent for houses over the decade and by 44 percent for units. Clearly, based on broad averages, in most areas of the country median prices have not doubled over the past decade.
Across individual capital cities the results diverge significantly, however none of the capital cities have seen the city-wide median house or unit prices double over the past decade. Prices have gone closest to doubling over the decade in Sydney, Melbourne and Darwin while in Perth and Hobart the total change for houses and units has been well below 50 percent.
<a href="/images/2016/10/11/Screen%20Shot%202016-10-11%20at%208.27.01%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/11/Screen%20Shot%202016-10-11%20at%208.27.01%20AM.png" alt="">
A granular look at the housing market reveals 4,048 individual suburbs that had at least 10 house sales over the 12 months to both June 2006 and June 2016 and 1,665 suburbs that had at least 10 sales over both periods for units. Of the 4,048 suburbs nationally for houses, only 573 suburbs or 14% have seen the median selling price of a house double over the past decade. For units, only 159 of the 1,665 suburbs nationally, or 10 percent, have seen median prices of units double over the past decade.
A split of suburbs that have, and have not, seen median selling prices double over the past decade across each state and territory includes:
• Houses: NSW, Vic and NT are the only states and territories in which more than 10 percent of suburbs have seen prices double over the past 10 years.;
• Units: again only NSW, Vic and NT saw more than 10 percent of suburbs recording prices as doubling;
• Not one suburb in Tasmania has seen a doubling in median price over the past decade.
<a href="/images/2016/10/06/Number%20of%20suburbs%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/06/Number%20of%20suburbs%201.jpg" alt="">
An overview of the capital growth performance for capital city suburbs over the past decade shows:
• For houses: Melbourne is the only city where half of the individual suburbs saw median selling prices double over the past decade while Sydney has also seen more than 40 percent of suburbs doubling in price. Darwin is the only other capital city where more than 10 percent of suburbs have seen selling prices of houses at least double over the past 10 years.
• For units: once again Sydney, Melbourne and Darwin are the only capital cities in which selling prices have more than doubled in at least 10 percent of suburbs.
<a href="/images/2016/10/06/Number%20of%20suburbs%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/06/Number%20of%20suburbs%202.jpg" alt="">
A comparison of the two adjacent tables highlights just how much stronger price growth has been in the capital cities than across regional markets.
It also highlights just how much the strong growth over the decade has been tilted towards Sydney, Melbourne and Darwin. Of course, values are already declining in Darwin while they continue to rise in Sydney and Melbourne.
The next time you hear of property prices doubling every seven to ten years, although it can happen in certain areas, there are no guarantees.
The CoreLogic analysis highlights the importance of buying strategically; on average most properties have fallen well short of doubling their value over a decade. Using today’s data as an example, it highlights that far fewer owners have seen their real estate asset double in price over the past decade than those who have.
For those who have seen their property price double over the decade, they are most likely to be situated in Sydney, Melbourne or Darwin while in other capital cities and regional areas of the country the prospects of prices having doubled over this period are much lower.
Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
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ckusher-ujnxiKuFQs

Does property double over 10 years? CoreLogic's Cameron Kusher

<html><body>
Victoria’s housing market is bouncing back from the recent downturn, according to the latest REIV quarterly median price data.
A springtime boost is helping to restore the housing market with house prices up by 4.5% in the latest REIV September Median Quarterly, while the price of units has grown by 3.9%.
Melbourne’s growth of 4.5% is the highest quarterly result since March 2017.
Melbourne’s housing growth was led by the northern suburbs with Preston achieving the highest quarterly growth with 25.7%, closely followed by the neighbouring Coburg on 20.8%.
Melbournes highest growth was in middle Melbourne, where house prices grew by 8.3%.
Doreen overtook Pakenham and Cragieburn to achieve the most number of housing sales during the September Quarter. 
Donvale remains Melbournes most consistent suburb, being the only area to achieve positive growth both quarterly and yearly.
The growth was shared across the board in regional Victoria with unit prices increasing by a massive 7.1%.
Bendigo is the top regional housing performer, scoring 11.9% quarterly and 29.7% annual growth. 
While Churchill and Moe have been crowned as the two most affordable suburbs in regional Victoria.
REIV Presidents Leah Calnan said the September quarter has brought the news prospective sellers have been waiting to hear.
“Enthusiasm is growing as prices surge and properties are being snapped up more quickly, this is the perfect time to get on the market,” Calnan said.
“Warmer spring weather, lower interest rates and easier loaning protocols have resulted in significant growth for Victoria’s real estate sector.
“Growing prices and increasing sales are great news for everybody, and our market is in the midst of a much-needed recovery.
“The September Quarterly results make for great reading, but we are not out of the woods yet.”
September Quarter 2019 Median Prices
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Median Prices, Seasonally Adjusted
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<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
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<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
</tr>
<tr>
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<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
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<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
</tr>
<tr>
<td colspan="2" valign="top" nowrap>
Note: Year-on-year growth is based on rolling annual figures
</td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
</tr>
<tr>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
<td valign="top" nowrap> </td>
</tr>
<tr>
<td valign="top" nowrap>
 
</td>
<td valign="top">
Sep-19 Quarter
</td>
<td valign="top">
Jun-19 Quarter
</td>
<td valign="top">
Quarterly Change
</td>
<td valign="top">
12 months to Sep-19 Quarter
</td>
<td valign="top">
12 months to Sep-18 Quarter
</td>
<td valign="top">
Annual Change
</td>
</tr>
<tr>
<td valign="top" nowrap>
Metropolitan Melbourne
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$830,000
</td>
<td valign="top" nowrap>
$794,000
</td>
<td valign="top" nowrap>
4.5%
</td>
<td valign="top" nowrap>
$810,000
</td>
<td valign="top" nowrap>
$835,500
</td>
<td valign="top" nowrap>
-3.1%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$613,500
</td>
<td valign="top" nowrap>
$590,500
</td>
<td valign="top" nowrap>
3.9%
</td>
<td valign="top" nowrap>
$595,000
</td>
<td valign="top" nowrap>
$597,500
</td>
<td valign="top" nowrap>
-0.4%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Regional Victoria
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$408,500
</td>
<td valign="top" nowrap>
$405,000
</td>
<td valign="top" nowrap>
0.9%
</td>
<td valign="top" nowrap>
$410,000
</td>
<td valign="top" nowrap>
$395,000
</td>
<td valign="top" nowrap>
3.8%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$302,500
</td>
<td valign="top" nowrap>
$282,500
</td>
<td valign="top" nowrap>
7.1%
</td>
<td valign="top" nowrap>
$295,000
</td>
<td valign="top" nowrap>
$290,000
</td>
<td valign="top" nowrap>
1.7%
</td>
</tr>
<tr>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
 
</td>
<td valign="top">
Sep-19 Quarter
</td>
<td valign="top">
Jun-19 Quarter
</td>
<td valign="top">
Quarterly Change
</td>
<td valign="top">
12 months to Sep-19 Quarter
</td>
<td valign="top">
12 months to Sep-18 Quarter
</td>
<td valign="top">
Annual Change
</td>
</tr>
<tr>
<td valign="top" nowrap>
Inner Melbourne
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$1,379,500
</td>
<td valign="top" nowrap>
$1,342,500
</td>
<td valign="top" nowrap>
2.8%
</td>
<td valign="top" nowrap>
$1,381,000
</td>
<td valign="top" nowrap>
$1,526,000
</td>
<td valign="top" nowrap>
-9.5%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$601,000
</td>
<td valign="top" nowrap>
$587,500
</td>
<td valign="top" nowrap>
2.3%
</td>
<td valign="top" nowrap>
$590,000
</td>
<td valign="top" nowrap>
$595,000
</td>
<td valign="top" nowrap>
-0.8%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Middle Melbourne
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$983,000
</td>
<td valign="top" nowrap>
$907,500
</td>
<td valign="top" nowrap>
8.3%
</td>
<td valign="top" nowrap>
$925,000
</td>
<td valign="top" nowrap>
$1,005,000
</td>
<td valign="top" nowrap>
-8.0%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$680,500
</td>
<td valign="top" nowrap>
$654,000
</td>
<td valign="top" nowrap>
4.1%
</td>
<td valign="top" nowrap>
$655,000
</td>
<td valign="top" nowrap>
$661,000
</td>
<td valign="top" nowrap>
-0.9%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Outer Melbourne
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$658,500
</td>
<td valign="top" nowrap>
$631,000
</td>
<td valign="top" nowrap>
4.4%
</td>
<td valign="top" nowrap>
$645,000
</td>
<td valign="top" nowrap>
$675,000
</td>
<td valign="top" nowrap>
-4.4%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$519,500
</td>
<td valign="top" nowrap>
$496,000
</td>
<td valign="top" nowrap>
4.7%
</td>
<td valign="top" nowrap>
$505,500
</td>
<td valign="top" nowrap>
$515,000
</td>
<td valign="top" nowrap>
-1.8%
</td>
</tr>
<tr>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
 
</td>
<td valign="top">
Sep-19 Quarter
</td>
<td valign="top">
Jun-19 Quarter
</td>
<td valign="top">
Quarterly Change
</td>
<td valign="top">
12 months to Sep-19 Quarter
</td>
<td valign="top">
12 months to Sep-18 Quarter
</td>
<td valign="top">
Annual Change
</td>
</tr>
<tr>
<td valign="top" nowrap>
Auctions
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$978,000
</td>
<td valign="top" nowrap>
$925,500
</td>
<td valign="top" nowrap>
5.7%
</td>
<td valign="top" nowrap>
$950,000
</td>
<td valign="top" nowrap>
$950,000
</td>
<td valign="top" nowrap>
0.0%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$695,000
</td>
<td valign="top" nowrap>
$652,000
</td>
<td valign="top" nowrap>
6.6%
</td>
<td valign="top" nowrap>
$666,000
</td>
<td valign="top" nowrap>
$670,000
</td>
<td valign="top" nowrap>
-0.6%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Private Sale
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
<td valign="top" nowrap>
 
</td>
</tr>
<tr>
<td valign="top" nowrap>
House
</td>
<td valign="top" nowrap>
$727,000
</td>
<td valign="top" nowrap>
$715,500
</td>
<td valign="top" nowrap>
1.6%
</td>
<td valign="top" nowrap>
$730,000
</td>
<td valign="top" nowrap>
$750,000
</td>
<td valign="top" nowrap>
-2.7%
</td>
</tr>
<tr>
<td valign="top" nowrap>
Unit and Apartment
</td>
<td valign="top" nowrap>
$554,000
</td>
<td valign="top" nowrap>
$542,000
</td>
<td valign="top" nowrap>
2.2%
</td>
<td valign="top" nowrap>
$545,000
</td>
<td valign="top" nowrap>
$539,000
</td>
<td valign="top" nowrap>
1.1%
</td>
</tr>
</tbody></table>
 
</div>
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j.ballantyne1990-6AQqhLzZaK

Victoria's residential prices bouncing back 

<html><body>
Melbourne led the rise in median house prices across Australian capital cities for the March quarter, according to the latest research from industry body the Real Estate Institute of Australia. 
Weighted average median prices rose by 2.9 percent for houses and 2.5 percent for other dwellings.
Over the quarter, Melbourne had the largest increase in both the median price for houses, 7.6 percent and for other dwellings, 3.8 percent. 
The weighted average median price for houses for the eight capital cities increased to $763,892, according to REIA Real Estate Market Facts for the March quarter 2017.
REIA president Malcolm Gunning said the median price was driven by increases in Melbourne and Sydney and, to a lesser extent, in Darwin. “The weighted average median price for other dwellings increased to $587,290, again driven by median price growth in Melbourne and Sydney and, to lesser extent, in Perth, Canberra and Hobart,” are said.
“Median house prices decreased in Brisbane, Adelaide, Perth, Canberra and Hobart and, median prices for other dwellings decreased in Brisbane and Darwin.”
Median rents for three-bedroom houses rose in Sydney, Melbourne, Brisbane, Adelaide, Hobart and Canberra with Hobart leading with an increase at 5.7 per cent. Perth and Darwin experienced decreases. 
Median rents for two-bedroom other dwellings increased in most capital cities with the largest rise in Hobart at 7.5 percent. In Melbourne and Perth, median rents for other dwellings remained steady while it fell in Darwin.
The weighted average vacancy rate for the eight capital cities remained steady at 2.9 percent during the March quarter. In most capital cities, the vacancy rates either remained steady or increased/decreased by 0.1 percentage points. 
“The vacancy rate ranged from a high of 7.1 percent in Darwin to a low of 1.7 percent in Canberra, which had the tightest rental market for the quarter. With a rise of 0.1 per cent, Perth was the only capital city to see its vacancy rate increase,” Gunning said. 
 
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jonathanchancellor-7SQnKwU6yx

Melbourne drives rise in median house price: REIA 

<html><body>
Sydney median house prices are at $825,000 according to CoreLogic's latest Property Market Indicator Summary, with Melbourne houses at $590,000 and Brisbane $515,000.
The current median price for units is the most expensive in Sydney at $680,000.
Median house prices in Adelaide and Hobert are $420,000 and $300,750 respectively.
<a href="/images/2016/08/09/Screen%20Shot%202016-08-09%20at%202.21.00%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/09/Screen%20Shot%202016-08-09%20at%202.21.00%20PM.png" alt="">
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The two capital cities with private treaty median house prices under $500,000: CoreLogic

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<div class="domain-article-share-panel">
<div class="domain-article-share-link domain-article-share-tw">
Home auction markets weakened over April with most capitals reporting falling clearance rates compared to the previous month.
Melbourne was the exception with clearance rates increasing marginally from 71.8 percent to 72.5 percent to remain the best performing capital city market.
Clearance rates in all capitals with the exception of Adelaide remain below the levels reported over April last year.
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</div>
<div class="domain-article-content-body">
CAPITAL CITY      APRIL 2016     MARCH 2016         APRIL 2015
SYDNEY             68.1 percent    69.2 percent         83.1 percent
MELBOURNE      72.5 percent     71.8 percent        76.9 percent
BRISBANE          41.6 percent     44.9 percent        52.8 percent
ADELAIDE          63.5 percent     64.0 percent        57.1 percent
CANBERRA         62.2 percent    65.6 percent        69.2 percent
Domain noted median auction prices were down over the month in Sydney, Melbourne and Brisbane reflecting to some extent the impact of holidays with fewer higher-priced homes in the market.
The number of auctions listed this year so far however is higher than the result over the same period last year in all capitals except Sydney where auction volumes have fallen sharply by 6.5 percent.
 
</div>
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jchancellor-FAypfDUnLy

April auctions weakened slightly: Domain

<html><body>
Melbourne’s property market is expected to see stronger sales in May and June after a slow start to 2016, based on data showing the median house price has remained relatively stable for the second consecutive quarter.
The capital city's median house price was $713,000 for the three months to March 31, according to REIV figures released this week.
The stable median house price and the pickup in the number of auctions from late April through to early June was good news for buyers, said REIV chief executive officer, Enzo Raimondo.
“The moderate market will allow many more owner occupiers, including some families, strong opportunities to get a foothold on the property ladder,” he said.
The forecast strong listings, coming off the back of what has been a big 12-18 months, is expected to further add to buyer opportunities, with a wider array of homes on offer.
“Traditionally, March is one of the strongest months for property sales with high auction volumes and listings. This year has been slower, mainly due to the consecutive Labour Day public holiday, followed by Easter and the school holidays – pushing many auctions and private sales into late April and May,” he said.
In the first three months of 2016, outer Melbourne again proved to be the best performing area of Melbourne, with most of the top growth suburbs in the north and west of Melbourne.
REIV president Geoff White said that this included Epping, Caroline Springs and Werribee – and followed strong growth in the outer north-east in the December quarter, when Warrandyte recorded strong growth.
White said that “Epping and Bentleigh East recorded growth of 10.8 and 9.9 per cent respectively”.
“The only suburb within 10 km of Melbourne within the top three suburbs was Malvern East, which delivered quarterly growth of around 13 per cent,” he said.
Other outer suburbs delivering high quarterly growth were Langwarrin, Doreen Rowville and Keysborough. In fact, 12 of the top 20 growth suburbs were in outer Melbourne, he added.
“This signals continuing buying demand for homes in the city’s outer suburbs, as homebuyers look for value further from the CBD in the current market,” White said.
The median house price in Melbourne’s outer ring – that is, more than 20 km from the CBD – reached $557,500 this quarter, up almost $3,000 on December.
Meanwhile, unit and apartment prices fell slightly across the city, down 1.8 per cent in the March quarter to a median of $525,500. The decline follows solid growth of 1.6 per cent in December.
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Melbourne median house prices stable for second quarter in a row, auctions to pick up: REIV

<html><body>
Brisbane recorded a 14th consecutive quarter of growth with its median house price reaching $632,000 in the December quarter of 2015, according to REIQ's latest Market Monitor for Queensland.
The Brisbane house market was once again the strongest market, with a new median house price and a six percent increase in total listings. The days on market edged out to 78 days from 73 last year, however, vendor discounting is the same, 5.1 per cent.
REIQ CEO Antonia Mercorella said the market’s consistency was its strength and meant that it was probably the most stable capital city.
“Our market has avoided the pitfalls of a boom and bust cycle, performing consistently over the past 14 quarters, which is more than three years of sustained growth.
“I know some property owners in Sydney and Melbourne who envy that record,” she said.
Brisbane’s new median represents an increase of 1.6 per cent for the quarter, a rise of 6.1 per cent on 12 months ago and an increase of 14.2 per cent on five years ago.
In the southeast corner, eight out of nine LGAs recorded either a median house price increase or static price when compared with the previous quarter.
The housing market, statewide, was reasonably positive with increases in most markets. The exceptions to those were Fraser Coast (-7.3 per cent) and Mackay (-3.7 per cent).
The Mackay market continues to struggle to find certain ground. The median house price slid 3.7 per cent compared with the September quarter.
“We are watching Mackay very closely and our hope is that the government infrastructure projects will create jobs and lead to more vigour in the local economy,” Mercorella said.
“Mackay has a diverse local economy and it is our hope that markets such as sugar and education can help create some revenue for local businesses,” she said.
The apartment market in Mackay recorded a 64 per cent increase in activity and a 12 per cent increase to the median apartment price, to $280,000, however, this was off a very small base of 22 sales last quarter, rising to 36 sales in the December quarter. Almost all of the additional sales were within one project, which settled in December.
In the regional centres, Gladstone and Townsville defied expectations to record increases in their respective median house prices.
Gladstone lifted by 3.2 per cent to $359,500, while Townsville lifted by 2.1 per cent to $350,000.
These results were surprising, considering December’s traditionally quiet trend. However, local agents reported “flurries” of activities in the final days of December that has obviously lifted these results in both markets.
Sales volumes in the apartment market softened throughout the state in the December quarter, even in the apartment powerhouse market of the Gold Coast, where activity was down nine per cent.
However, even with fewer sales, the Gold Coast recorded a median price increase of 2.6 per cent to $374,500.
The Sunshine Coast also increased its median apartment sale price, up 1.0 per cent, to $365,000.
Outside the southeast corner, Townsville once again surprised all with a 5.1 per cent lift in median apartment price to $290,000.
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