An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Property Markets

<html><body>
The most recent bushfires in November 2019 have had devastating impacts across NSW and QLD.
Looking back at the impact on property after previous catastrophic fire events shows some distinct trends:
<ul>
<li>The data shows that median house prices are affected by bush fires in many suburbs and regions, although it can vary significantly from one suburb to the next.</li>
<li>In the long term, house prices increase faster than the region and state median growth in part because new properties are built, improving the quality of stock in the areas.</li>
<li>Bush fire prone areas are often more remote and the properties are fewer and further between, so these factors play more of a part in the fluctuations in price growth, more than the risk of fire. </li>
<li>And, also, because there are few properties per suburb, the property data available is limited.</li>
<li>Property views in bush fire areas decrease initially but increase again as time goes by.</li>
<li>There is an increase in properties being listed for sale, following a bush fire, presumably because sellers want to leave the area. Although, there are often fewer properties listed in these areas anyway, due to lower population.</li>
</ul>
Below are some examples of where bush fires have played a part in median house price growth, using <a href="http://realestate.com.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://realestate.com.au&amp;source=gmail&amp;ust=1575313750071000&amp;usg=AFQjCNHWGVPMI21fYMWCOxoFkks5Ip6rCw">realestate.com.au</a> data.
Black Saturday
Median house price growth in many of the towns affected by the Black Saturday fires has exceeded that of the state or regions growth.
For example, the towns below have nearly all seen price growth increases of over 100%, whereas the regions that these towns sit within have not seen anywhere near the same growth.
This is partly because of the rebuilding that took place and stock will now be newer and better quality than before.
Presumably, fire retardant materials and other preventative measures would have been built into the properties, making them more valuable.
It is also likely that many of these suburbs have become more desirable over time for other reasons (e.g., affordability, large homes on large blocks, etc).
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="267">
Suburb
</td>
<td valign="bottom" nowrap width="195">
% growth in house prices over 10 years
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Kilmore
</td>
<td valign="bottom" nowrap width="195">
66%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Kilmore East
</td>
<td valign="bottom" nowrap width="195">
42%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Murrindindi
</td>
<td valign="bottom" nowrap width="195">
146%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Kinglake
</td>
<td valign="bottom" nowrap width="195">
150%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Kinglake Central
</td>
<td valign="bottom" nowrap width="195">
113%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Kinglake West
</td>
<td valign="bottom" nowrap width="195">
110%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
Strathewen
</td>
<td valign="bottom" nowrap width="195">
229%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="267">
St Andrews
</td>
<td valign="bottom" nowrap width="195">
114%
</td>
</tr>
</tbody></table>
 
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="330">
SA4 Region
</td>
<td valign="bottom" nowrap width="125">
% growth in house prices over 10 years
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="330">
Melbourne - North East
</td>
<td valign="bottom" nowrap width="125">
76%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="330">
Hume
</td>
<td valign="bottom" nowrap width="125">
56%
</td>
</tr>
</tbody></table>
Bunbury fire of 2016
In January 2016, a bushfire affected the Harvey and Waroona areas of WA. It affected 10 towns and destroyed 162 properties.
Below, shows the median price growth the year before and the two years after the fire.
You can see that these towns were showing positive price growth until 2016, in contrast to the growth in Bunbury and WA as a whole.
Then prices were affected at a greater level than the rest of the state.
(data was available for eight of the 10 towns affected)
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="146">
 
</td>
<td valign="bottom" nowrap width="85">
2015
</td>
<td valign="bottom" nowrap width="85">
2016
</td>
<td valign="bottom" nowrap width="85">
2017
</td>
<td valign="bottom" nowrap width="85">
2018
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="146">
Bushfire affected Towns
</td>
<td valign="bottom" nowrap width="85">
2.95%
</td>
<td valign="bottom" nowrap width="85">
0.46%
</td>
<td valign="bottom" nowrap width="85">
-6.18%
</td>
<td valign="bottom" nowrap width="85">
-6.07%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="146">
Bunbury SA4
</td>
<td valign="bottom" nowrap width="85">
2.56%
</td>
<td valign="bottom" nowrap width="85">
-2.50%
</td>
<td valign="bottom" nowrap width="85">
-2.56%
</td>
<td valign="bottom" nowrap width="85">
-1.32%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="146">
WA
</td>
<td valign="bottom" nowrap width="85">
-0.20%
</td>
<td valign="bottom" nowrap width="85">
-4.62%
</td>
<td valign="bottom" nowrap width="85">
-3.16%
</td>
<td valign="bottom" nowrap width="85">
-2.17%
</td>
</tr>
</tbody></table>
Property views for all of the Bunbury suburbs decreased in February, following the fires in January and although the volumes of properties for sale in these areas is always low, there was an increase in average listed properties after the fires.
</body></html>

j.ballantyne1990-6AQqhLzZaK

How do bushfires impact property prices: Realestate.com.au's Nerida Conisbee

<html><body>
EXPERT OBSERVER
SA3 regions are part of the Australian Statistical Geography Standard (ASGS). An SA3 region provides a more granular look at the performance of housing markets given that these areas generally have a population of between 30,000 and 130,000 people and in regional areas they represent the area serviced by regional cities that have a population over 20,000 people.
Of the 148 regional SA3 areas, 62 of them have recorded an increase in dwelling values or no change over the year to April 2019. Four of the five regions with the greatest increase in values over the past year were in Tasmania with Huon-Bruny Island recording the fastest rate of growth (16.7%). Huon-Bruny Island along with North East Tasmania (11.5%) and Devonport (10.3%) were the only regions in which values increased at a double-digit rate over the year.
Regional SA3 areas, annual change and change from peak
Click <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_1.PNG" target="_blank">here</a> to enlarge.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_1.PNG" alt="Regional SA3 annual change and change from peak_1.PNG" width="528" height="555" data-entity-type="file" data-entity-uuid="12da801f-9ee1-4755-b04f-19148b9be58c" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_1.PNG">
 
Despite the headlines of weak capital city housing markets, the regional areas have generally fared much better in terms of value growth. Furthermore, 48 of the 62 regions have recorded increases in values despite values sitting below their previous peak. This points to a number of regions that have seen housing corrections starting to recover. Some examples of areas which have seen values increase over the year despite significant corrections include:
<ul>
<li>West Pilbara (WA) – values have risen 6.6% over the year however, they remain -57.6% below their peak.</li>
<li>Bowen Basin-North (Qld) – values have increased 8.5% over the year but remain -43.6% lower than their peak</li>
<li>Central Highlands (Qld) – values are 1.6% higher over the year but -41.9% lower than the peak</li>
</ul>
 Overall regional areas of Victoria and Tasmania are most prominent on the chart reflecting relatively stronger conditions in the regional areas of these states.
Regional SA3 areas, annual change and change from peak
Click <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_2.PNG" target="_blank">here</a> to enlarge.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_2.PNG" alt="Regional SA3 annual change and change from peak_2.PNG" width="589" height="619" data-entity-type="file" data-entity-uuid="dee27823-0f08-4ac9-8006-f87cd157834c" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_2.PNG">
 
The remaining 86 regional areas of the country have seen dwelling values fall over the past year. The greatest decline in dwelling values over the past year has occurred in the Outback-South region of Queensland where values have fallen -35.0% taking them -48.3% below their peak. This is a fairly sparsely populated region of southern Queensland which is largely agricultural and has been adversely affected by drought conditions.
Regional SA3 areas, annual change and change from peak
Click <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_3.PNG" target="_blank">here</a> to enlarge.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_3.PNG" alt="Regional SA3 annual change and change from peak_3.PNG" width="552" height="557" data-entity-type="file" data-entity-uuid="2e5295f7-142a-43aa-80fd-85f1a2c4c0fc" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_3.PNG">
The regions in which values have recorded the largest annual falls are generally remote mining and resource regions or those linked to the agricultural sector.
Of the 86 regions that have recorded a decline in values over the past year, 14 have recorded double-digit value declines. Again, most of these are mining or agricultural linked however, Kiama-Shellharbour (-11.5%) and Newcastle (-10.1%) are two regions that are fairly well populated that have seen large value falls, following a substantial rise in values during the recent growth phase. Wollongong in NSW has recorded the 15th largest decline over the year, having just avoided a double-digit fall (-9.6%).
Regional SA3 areas, annual change and change from peak
Click <a href="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_4.PNG" target="_blank">here</a> to enlarge.
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_4.PNG" alt="Regional SA3 annual change and change from peak_4.PNG" width="512" height="549" data-entity-type="file" data-entity-uuid="6ada93a6-b508-4314-b4bb-2029cc250744" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Regional%20SA3%20annual%20change%20and%20change%20from%20peak_4.PNG">
All of these regions now have values that are lower than their peak however, the largest falls from the market peak have been recorded in:
<ul>
<li>East Pilbara (WA) -69.3%</li>
<li>Kimberley (WA) -49.5%</li>
<li>Outback-South (Qld) -48.3%</li>
<li>Gladstone (Qld) -45.1%</li>
<li>Outback-North (Qld) -44.4%</li>
</ul>
From here it will be interesting to see how these regional markets react post-federal election. With some changes for housing (including the first home buyers deposit scheme and no changes to negative gearing / capital gains tax discounts), as well as APRA now considering changes to serviceability caps along with the prospect of interest rate cuts from the Reserve Bank, prospects for regional housing may improve over the coming months. Add to this the potential for the Australian dollar to move lower together with strong commodity prices, and the outlook for regions connected with the mining and commodities sector should continue to improve.
CAMERON KUSHER  is the head of research for the Australian branch of CoreLogic
Kusher regularly posts on the <a href="https://www.corelogic.com.au/taxonomy/corelogic-people/cameron-kusher" target="_blank">CoreLogic website</a>.
 
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ckusher-ujnxiKuFQs

Where are the suburbs with the biggest growth and declines: Cameron Kusher

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Adelaide house prices are to increase by 2% in 2018 and then to grow by about 2% in each of the next two years, according to the latest Domain forecasts.
They believe this modest growth will continue as part of the trend of slow but steady growth over the past few years.
<img src="https://www.urban.com.au/images/2018/11/29/Adelaide%20Domain%201.JPG" alt="">
Source: Domain
Domain has also forecast that Adelaide unit prices will fall slightly in 2018 and then grow by about 2% in 2019 and 2020.
"Adelaide’s slow and steady property price growth will continue, driven by slow population growth and slowing employment growth," Domain Economist Trent Wiltshire said.
<img src="https://www.urban.com.au/images/2018/11/29/Adelaide%20Domain%202.JPG" alt="">
Source: Domain
Click <a href="https://www.propertyobserver.com.au/images/2018/11/30/Domain%20forecasts%201.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2018/11/30/Domain%20forecasts%201.JPG" alt="">
Click <a href="https://www.propertyobserver.com.au/images/2018/11/30/Domain%20forecasts%202.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2018/11/30/Domain%20forecasts%202.JPG" alt="">
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Adelaide home prices to grow moderately in 2019-2020: Domain

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GUEST OBSERVER 
The Australian property landscape is nearing a significant turning point – as the Sydney and Melbourne markets start to run out of steam, two other cities are emerging as the next investment destinations of choice. 
Unless you’ve been living under a rock recently, you’ll know that house values in Sydney and Melbourne have skyrocketed. 
The average dwelling price in Sydney has spiked about 16% in the past year, while Melbourne prices have increased by about 14%.
However, the signs are that these markets are close to running out of steam.
This downward trend is expected to continue into 2016 as well, as investors continue to move their attention away from the overheated markets. 
So as these two markets begin to slow, where’s the next destination of choice for property investors?
There are two clear standouts in my view – Brisbane and Perth. Why? Because both of these cities are continuing to evolve into their own.
While I admit that much of the wealth created in Brisbane and Perth over the past decade has been through the resources boom, both cities are currently undergoing significant structural change.
While the resources sector will always provide valuable contributions to these cities, there is a concerted move by each state government to grow other industries, such as professional services, health, tourism and education, among others. 
With this transformation, both cities are developing strong, diversified economies, which will prove resilient in the long term and underpin property prices. 
Currently, both Brisbane and Perth represent great value for money for property investors. 
Housing affordability has improved in both cities in 2015. The average Perth household spends about 21% of their income on mortgage repayments, which is the lowest level since 2004. 
Similarly, Brisbane households spend about 23% of their income on mortgage repayments. 
These are among the most affordable capital cities in Australia, particularly compared to Sydney and Melbourne households, which spend 39% and 32%, respectively, of their income on mortgage repayments.
Given the strong long-term outlook for Brisbane and Perth and relative affordability, it makes sense for property investors to turn to these cities to gain exposure to these underrated markets. I wouldn’t expect significant gains in the next 12 months, but over the medium term I’m confident these two cities will outperform Melbourne and Sydney.
 
Damian Collins is the founder and managing director of Momentum Wealth and can be contacted <a href="https://www.momentumwealth.com.au/damian-collins/" target="_blank">here</a>.
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