<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Price Growth

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The most affordable Sydney property reported sold was a one-bedroom unit at 5/6 Warialda Street, Kogarah.
It fetched $400,000 through McGrath Brighton-Le-Sands. The price guidance was <a href="https://www.realestate.com.au/property-apartment-nsw-kogarah-123180894" target="_blank">$380,000 to $400,000</a> for the 46 sqm unit.
It last sold at $250,000 in May 2012, reflecting 11 percent annual price growth over the past four years.
The median unit price in Kogarah, according to CoreLogic is around $620,000.
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jchancellor-FAypfDUnLy

With 11% annual price growth, Kogarah one bedroom apartment Sydney's cheapest

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Houses, units and land across regional Western Australia had positive growth for the three months to March 2016 and outshone the Perth metropolitan area, according to the Real Estate Institute of Western Australia. 
Areas south of Perth, according to REIWA president Hayden Groves, were showing signs of strength. Some parts of regional WA, however, still suffer from the slowdown in the mining sector.
"Units experienced the biggest quarterly growth in median price, lifting six percent," he said.
"This can mostly be attributed to the Mandurah-Murray region which saw its median unit price improve significantly to $390,000 over the quarter, from $320,000 in the December quarter 2015.
“It’s really pleasing to see that regional WA’s overall median price lifted 1.3 per cent over the quarter, and looking at houses, units and land individually, there was notable growth in all three areas.
“Bunbury in the state’s South West saw the biggest increase to its quarterly median house price in the March quarter, lifting 5.6 percent to $395,000. Bunbury also saw an improvement in house sales activity over the quarter, with volumes increasing six percent in the first three months of this year."
<a href="/images/2016/05/31/Screen%20Shot%202016-05-31%20at%2011.06.03%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/31/Screen%20Shot%202016-05-31%20at%2011.06.03%20AM.png" alt="">
 
  Other regional areas to experience positive median house price movement according to REIWA were:
<ul>
<li>  Northam - $245,000 (4.3 percent)</li>
<li>  Albany Urban Area - $386,000 ( 2.7 percent)</li>
<li>  Kalgoorlie-Boulder - $340,000 (2.6 percent)</li>
</ul>
 Mandurah-Murray region - $396,000 ( 1.9 percent) 
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jonathanchancellor-7SQnKwU6yx

Regional WA outperforms Perth in price growth: REIWA

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<div>Macroprudential measures have had the desired effect, and the rate of home price growth has steadied.</div>
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<div>CoreLogic-RP Data's Daily Home Value Index may be a little seasonal, but the year-on-year figures show the slower gradient of growth.</div>
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<div>Nationally home price growth has slowed to +6.3 percent year-on-year.</div>
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<div>Melbourne (+8.8 percent), Sydney (+8.1 percent) and Brisbane (+4.5 percent) between them have accounted for most of the price growth over the past year.  While Sydney and Melbourne have been grabbing all the attention in recent years, Brisbane prices have just kept rising steadily and under the radar.  CoreLogic's index shows the median price for Brisbane &amp; Gold Coast having increased by $61,330 or +13.1 per cent over the past three years.  Although I have long been sceptical about the somewhat parlous state of the South Australian economy, Adelaide mediabn prices have also increased by just shy of +10 per cent over the same timeframe.</div>
<a href="/images/2016/04/11/RP1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/11/RP1.jpg" alt="">
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<div>I was busy doing other things than charting data over the Christmas/New Year 2014-15 period, so actually have no idea what happened in the gaps in the chart.  Maybe there was a property crash and a speedy recovery, for all I know, not sure.</div>
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<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>.
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pwargent-M4siyDbqQY

Home price growth steadies: Pete Wargent

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Home values across Melbourne have substantially outperformed the regional areas of the state, according to the NAB Residential Property Survey.
While Melbourne home values rose by 11.2 percent over the past twelve months, the next best performing regions across the state were the primarily agricultural regions of Goulburn and Wimmera, where home values increased by 5.6 percent and 5.5 percent respectively.
<a href="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.41.27%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.41.27%20PM.png" alt="">
Melbourne’s strong rate of growth started to show some tentative signs of easing over the final quarter of 2015, with home values slipping 1.9 percent lower. 
At the same time auction clearance rates moderated from the high 80% range down to the mid 60 percent range indicating some rebalancing towards buyers in what has been a strong sellers’ market since mid-2012.
<a href="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.41.37%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.41.37%20PM.png" alt="">
The supply-demand fundamentals for the Melbourne housing market have not been as supportive as those in Sydney, despite strong population growth, due to relatively stronger construction rates over the years. Nevertheless, the NAB Residential Property Survey shows that foreign demand tends to be particularly strong in Melbourne, which in conjunction with low interest rates – contributing to local borrowing capability – has seen prices grow quite strongly. 
NAB has lowered its expectation for house price growth to 2% in 2016 (from 11.7% in 2015).
Price momentum is expected to slow, however, as affordability has deteriorated considerably in an environment of little to no real household wage growth. NAB also anticipates an extremely large supply response to record high prices in Melbourne, particularly in the inner city unit/apartment market, which will outpace demand. In combination with a more subdued population growth outlook and tighter credit conditions from prudential regulator changes, these factors will weigh on future price growth. 
Nevertheless, improving economic conditions in the state are expected to maintain solid rates of employment that will provide underlying support to house prices, although price growth will be more modest than in recent years. 
The NAB Property Survey reported a notable deterioration in market sentiment during the final quarter of 2015, although the deterioration was not as pronounced as that seen in the other major eastern markets, and Victoria is now the strongest state overall (replacing NSW).
Additionally, respondent expectations for house price growth in the next 12 months roughly halved, despite an increase in rental expectations, while foreign buyer demand for both new and existing properties eased off.
<a href="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.44.23%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2012.44.23%20PM.png" alt="">
As a result, NAB has lowered its expectation for house price growth to 2 percent in 2016 (from 11.7 percent in 2015). Given the anticipated ramp up in supply of units/apartments, and uncertainties over foreign and investor demand, prices for this type of housing are expected to fall 3 percent in 2016.
 
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Melbourne house values tipped to increase by two percent, units expected to fall by three percent: NAB

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Cooler investment sentiment may be making its way to Newcastle and the Hunter Valley from Sydney according to Herron Todd White's February Month in Review however hotspots in Newcastle still remain.
HTW note some speculations tip growth rates to exceed Sydney’s, with HTW predicting strength in the local market will remain property located within a five kilometre radius of the Newcastle CBD and within close proximity of the University of Newcastle.
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"Residential property in popular holiday destinations such as Nelson Bay will remain in high demand, however it’s important to remember large external financial events can impact discretionary spending in different ways," the report said.
"Some people may be encouraged to holiday and spend their money locally which benefits local economies, while some people may refrain from holidaying at all until economic conditions improve. Sadly, housing market prospects in the towns dependant on the mining industry do not look like improving in the short to medium term. 
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Williamtown’s contamination issue continues to dominate media headlines and unfortunately for many living within the identified contamination zone, 2016 remains a year in question and we are all hoping for a positive outcome here. 
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Newcastle growth rates tipped to exceed Sydney: HTW

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Melbourne's Warrandyte topped the list of suburbs in December 2015 quarterly growth, according to latest REIV stats. 
Nearly all (98%) of dwellings in Warrandyte were houses, according to RP Data.
<a href="/images/2016/02/26/Screen%20Shot%202016-02-26%20at%201.13.02%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/26/Screen%20Shot%202016-02-26%20at%201.13.02%20PM.png" alt="">
 
*Only suburbs with at least 50 sales in the relevant quarter are included
Property Observer looked up recent sales in Warrandyte on <a href="https://realestateview.com.au/" target="_blank">www.realestateview.com.au</a> and came up with these:
<img src="/images/2016/02/25/Screen%20Shot%202016-02-25%20at%202.51.43%20PM.png" alt="" width="608" height="377">
1. A four-bedroom house with a landscaped native garden at <a href="https://realestateview.com.au/real-estate/15-west-end-road-warrandyte-vic/property-details-sold-residential-9801293" target="_blank">15 West End Road</a> (above) sold for $1,060,000.
<img src="/images/2016/02/25/700_w1.jpg" alt="" width="547" height="391">
2. A five-bedroom two-storey house on <a href="https://realestateview.com.au/real-estate/60-lynette-avenue-warrandyte-vic/property-details-sold-residential-9734801" target="_blank">60 Lynette Avenue</a> (above) fetched $1,070,000. 
<img src="/images/2016/02/25/w2.jpg" alt="" width="521" height="316">
3. A three-bedroom dwelling at <a href="https://realestateview.com.au/real-estate/230-heidelberg-warrandyte-road-warrandyte-vic/property-details-sold-residential-9715454" target="_blank">230 Heidelberg-Warrendyte Road</a> (above) went for $990,000.
 
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Warrandyte tops Melbourne median price growth in December quarter

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Home value growth is expected to slow across Australia in 2016 after two years of exceptional appreciation and double-digit growth in many areas, according to a new index.
The just-launched CoreLogic-Moody’s Analytics Australian Forecast Home Value Index forecasts a slowdown in house price growth across the country, underpinned by expectations of slower income growth.
But accommodative policy, robust rental growth, and a recovering labour market are expected to support valuations over the medium term, it said.
The new index makes a quarterly projection of the trend of residential home values across the country over the next 10 years. Forecasts are updated monthly to help market participants identify opportunities and manage risk exposures.
“We are excited to partner with Moody’s Analytics to launch this Forecast Index to provide a unique and critical perspective on Australia’s most valuable asset class, currently valued in excess of $6.4 trillion AUD,” said Craig Mackenzie, CoreLogic EGM, Banking &amp; Finance.
“On the outlook for the housing market nationally, we expect house price appreciation to slow in 2016. Our forecast reflects lower income growth as the Australian economy transitions away from mining-related investment, as well as the strong build-up of housing supply over the past two years,” said Alaistair Chan, a Sydney-based economist based at Moody’s Analytics.
The index currently includes forecasts at a capital city and rest-of-state level.
Regionally, Sydney’s housing market is expected to rebound by late 2016, while Melbourne is expected to go through an extended period of sluggishness. Mining regions, including Perth, the rest of Western Australia, and Darwin, are likely to have downbeat results over the near to medium term. No price declines are expected in Adelaide, although price growth will underperform the rest of the country for the near to medium term.
“Conditions in Melbourne are again expected to outperform Sydney this year, with values forecast to rise by 7.2% in 2016, before slipping back to just 1.3% growth in 2017,” said CoreLogic research director Tim Lawless.
While the pace of house price appreciation is forecast to slow in Sydney, Melbourne and Darwin this year, some pick-up in growth is expected in the remaining capital cities. Hobart, in particular, stands out for better price growth, it adds.
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Housing market in for a slowdown in 2016, says new index by CoreLogic & Moody’s Analytics 

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Buying a property to rent out is a popular form of investment, the Federal Government's Moneysmart website notes.
Houses and units are easier to understand than many other types of investments, yet they do have some issues you need to be aware of.
Before you enter the property market, check if this type of long-term investment suits you, the site suggests.
It illustrated its warning with a reference to a 2013 chart showing a <a href="https://www.moneysmart.gov.au/investing/property" target="_blank">historical price perspective on Gold Coast units</a>. 
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Property 101: Moneysmart reminds that Gold Coast apartment prices can fall

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Events in the world’s two largest economies look set to dominate proceedings in 2016. 
The scale of the slowdown in China and the speed of further US interest rate rises will determine the performance of property markets across developed and emerging markets alike over the next 12- 18 months. 
Last year we correctly anticipated that Sydney and New York would outperform in 2015 rising by 5%-10%. 
Sydney has exceeded expectations, prime prices in the city look set to end 2015 15% higher. 
At 5%, price growth in New York has been strong but mitigated to some extent by the strength of the US dollar which has curtailed foreign demand. 
By the end of 2015, we expect the strongest and weakest performing prime markets to be separated by around 20 percentage points, in 2016 we forecast this figure will slip to 15 points as price growth converges. 
Whilst luxury price growth looks set to converge, monetary policy globally is likely to follow a divergent course. 
The US and UK will be tightening monetary policy whilst the Eurozone, Japan and China are expected to either loosen policy further through additional stimulus measures or are likely to stick to the status quo in policy terms.
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This year our Risk Monitor assesses the likelihood and impact of ten key scenarios on each of our cities. 
As we take the pulse of city markets in December 2015, it is perhaps no surprise that the Fed’s recent rate rise and the impact of terrorism/geopolitical tension on the world’s top cities, are currently considered the highest risks to luxury city markets. 
In previous years, the Eurozone and its potential break-up was the top threat to economic and property market stability but jitters over its demise have subsided as the ECB has announced an extension to its QE programme. Instead, emerging markets and the risk of potential deflationary cycles represent the major headwinds for the global economy. 
For most cities, low income growth and a slowing domestic economy are considered the lowest risks to luxury markets. 
There is a chance that the recent 0.25% US rate rise and resulting strong dollar could spark a new wave of safe haven capital flows from emerging markets to first tier luxury residential markets. However, with new supply in several markets expanding (Hong Kong, London, Miami, New York) we think it’s unlikely we will see prices respond in the same way they did post-Lehman. 
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Of the ten cities analysed in our forecast, only three are expected to see prime prices decline in 2016; Hong Kong, Singapore and Paris.
In both years, Sydney is expected to come out on top, although the pace of price growth is expected to slow from 15% year-on-year in 2015 to 10% in 2016. Australia’s economic slowdown, weaker stock market performance in recent months and the introduction of foreign investment fees explain the lower rate of growth in 2016.
Only London, Paris, Geneva and Singapore are forecast to see stronger price growth (or a slower rate of decline) in 2016 than in 2015.
London’s upturn is marginal, from 1% in 2015 to 2% in 2016. Higher transaction costs (a 3% increase in stamp duty for buy-to-let properties and second homes), political risk around the Mayoral election in May, and ongoing affordability concerns explain our muted forecast.
The recent terrorist attacks in Paris will undoubtedly affect buyer sentiment and will mean some buyers delay investments. With a Presidential Election less than 18 months away, however, we do not expect any radical shake up to the tax structure for foreign buyers and the city remains competitively priced compared to other top global cities.
Overall, prime prices across all ten cities are, on average, expected to have increased by approximately 3% in 2015 but average annual growth is forecast to slip to 1.7% in 2016. This confirms our view that lower returns will become the norm in the short to medium term.
Of the cities analysed, Hong Kong is forecast to overtake Singapore as the weakest-performing luxury residential market in 2016. A number of new developments are due to come to the market in 2016, this new supply coupled with a strengthening HK Dollar (pegged to the US Dollar) will see prime prices soften.
The price decline seen in Singapore’s prime residential market is expected to persist at least until the end of 2016 following the government’s assertion that it has no plans to relax its property market cooling measures. However, the drop in price of luxury properties has presented pockets of investment opportunities. We expect sale volumes to increase in 2016 and, due to the shrinking inventory of high-end homes, price falls within the prime sector will be less pronounced than those across the island as a whole. 
In the current climate of heightened political tension and ongoing tax fluctuations, Monaco’s status as a private and secure retreat continues to appeal to the world’s wealthy. With supply severely constrained on the two-mile wide principality we forecast steady price growth of 5% in 2016 as demand and sales activity picks up.
The Geneva market, along with Switzerland as a whole, has been characterised by levels will keep prices from rising over the next 12-18 months, hence our forecast of 0% growth in 2016, but more stable trading conditions seem likely in 2016 and beyond.
In 2015, the demand for New York’s luxury homes cooled from the frenetic pace observed in 2013 and 2014 due to the strength of US dollar and weaker economic conditions worldwide, although it is not expected to impact price trends until 2017. With the US federal and presidential elections due in November 2016 both New York and Miami are likely to see buyers adopt a wait-and-see approach.
South American currencies and the euro will influence demand/capital flows.
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Liam Bailey is global head of research and Kate Everett Allen is international residential research Knight Frank. They can be contacted <a href="https://www.knightfrank.com/research/prime-global-forecast-2016-3450.aspx" target="_blank">here</a>.
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With 10% price growth Sydney tipped to lead the world in 2016: Knight Frank

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Melbourne has yet to catch Sydney as national house price growth halves, according to the official ABS data for the September quarter when the growth gap narrowed.
The weighted average price index for residential properties across the eight capital cities for the September quarter rose 2%, the latest data from the Australian Bureau of Statistics showed, lower than the 4.7% national growth in the June quarter.
According to the Residential Property Price Indexes, the index rose 10.7% through the year to the September quarter.
Capital city residential property price indexes rose in Sydney (3.1%) in the September quarter, Melbourne (2.9%), Brisbane (1.3%), Adelaide (1.2%), Canberra (1.3%) and Hobart (0.5%). Two cities showed a fall, Perth (-2.4%) and Darwin (-0.4%), it said.
"Annually, residential property prices rose in Sydney (+19.9%), Melbourne (+9.9%), Brisbane (+3.8%), Canberra (+4%), Adelaide (+3.5%) and Hobart (+1.7%) while they fell in Darwin (-2%) and Perth (-3.3%).
"The total value of residential dwellings in Australia was $5 859 824.6 m at the end of September quarter 2015, rising $137,125.0m over the quarter. The mean price of residential dwellings rose $11,900 to $612,200 and the number of residential dwellings rose by 38,600 to 9,572,400 in the September quarter 2015."
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For the June quarter, the index rose 9.8% through the year.
"Capital city residential property price indexes rose in Sydney (8.9%), Melbourne (4.2%), Brisbane (0.9%), Adelaide (0.5%) and Canberra (0.8%), was flat in Hobart (0.0%) and fell in Perth (-0.9%) and Darwin (-0.8%)," it noted.
"Annually, residential property prices rose in Sydney (+18.9%), Melbourne (+7.8%), Brisbane (+2.9%), Canberra (+2.8%), Adelaide (+2.7%) and Hobart (+1.5%) and fell in Darwin (-1.8%) and Perth (-1.2%).
"The total value of residential dwellings in Australia was $5,761,607.2m at the end of June quarter 2015, rising $271,939.1m over the quarter. The mean price of residential dwellings rose $26,200 to $604,700 and the number of residential dwellings rose by 38,400 to 9,528,300 in the June quarter 2015."
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