Plans for a $341 million mixed-use precinct, including 482 new homes, have been filed for a former drive-in cinema site in Caddens, a new masterplanned residential neighbourhood around two hours west of Sydney.

Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a> for developer <a href="https://www.apartments.com.au/developers/holdmark-property-group">Holdmark Property Group</a>, the State Significant Development Application (SSDA) comprises 17 mid-rise buildings delivering apartments and shoptop housing, 3461 sqm of retail, new streets and community space, and an expanded public domain.

The 8.1-hectare site adjoins the existing Caddens Corner Shopping Centre and is organised around a new civic hub and ‘Six Seasons Walk’, linking a network of local and community parks that extend the existing Cumberland Plain ecology along the site’s northern edge. &nbsp;

The site, once home to Kingswood Drive-In, is located within walking distance of Western Sydney University’s expanding Kingswood campus and the Nepean Hospital health precinct, 50 kilometres west of the Sydney CBD.

Holdmark Planning and Development Manager Eliyah El-Khoury says the revised scheme features a varied housing mix of apartments and terrace typology, reflecting both local demand and the long-term vision for the Werrington Enterprise Living and Learning (WELL) Precinct.&nbsp;

“By offering a diversity of apartment types – including 15 percent essential worker housing – and integrating new parks and a strong civic centre, we’re vesting a welcoming, walkable neighbourhood that supports residents to live and study in Caddens, bringing to life this hidden gem, just 5km from Penrith CBD and a short 15-minute drive from the new Western Sydney Aerotropolis precinct,” El-Khoury says.

The development also aligns with Western Sydney’s ‘Western Growth’ strategy, which positions Caddens as “a model for sustainable urban development” linked to major transport infrastructure and tertiary institutions.

<img alt="60–80 O’Connell Street, Caddens" data-entity-type="file" data-entity-uuid="86aa6f25-53d2-4135-8247-bf3a2653748f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/s68-80%20O%27Connel%20St%20Caddens_Forest%20Park%20and%20Karra%20Commons%20buildings%20-%20GroupGSA_2.jpeg?VersionId=deSc.hrokqF1PNgz39yOwSRd6S8JN1Is" />

&nbsp;

A series of Indigenous co-design workshops with local Aboriginal stakeholders shaped the cultural framework for the precinct. The design embraces water, sky and Country as key connectors, restoring natural ecologies, expanding habitat and integrating endemic plantings, organic built forms, natural materials and water-sensitive landscapes.&nbsp;

GroupGSA architect and project lead Alberto Murgia says the masterplan is structured around a permeable, walkable street grid that expands the existing retail precinct and strengthens local amenity.

“Our landscape-first, Country-led approach focuses on a mix of high-quality and affordable homes, delivered within a generous public realm that builds on the precinct’s evolving character,” he says.

“Preservation, restoration and celebration of the Cumberland Plain Woodland ecologies and creating ample opportunities for the community to engage with nature were key focuses for the project."

A cultural trail to the north weaves oral histories and site narratives into everyday paths of travel, while the Six Seasons Walk forms a central pedestrian spine linking the Village Green to the nature reserve on the precinct’s eastern edge.

Public open space is structured around three major parks – the Village Green, Local Park and Community Park – supported by a network of shared zones, rooftop terraces and private communal courtyards. The landscape strategy extends and strengthens the adjoining Cumberland Plain Woodland, creating a continuous ecological corridor across the site. Increased canopy cover supports the unique micro-climate, enhances shade and comfort, and supports biodiversity and habitat creation.

<img alt="60–80 O’Connell Street, Caddens" data-entity-type="file" data-entity-uuid="7d00abb5-ef1d-4e61-8d43-5f9c4bf680e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/s68-80%20O%27Connel%20St%20Caddens_Village%20QuarterGroupGSA_1.jpeg?VersionId=f_d1IYvxEshSCSwMLBKhiJka_OXNTlrZ" />

&nbsp;

The built form responds to the changing edge conditions of the site, with two-storey terraces presenting to O’Connell Street South and modulated apartment buildings stepping in height across the precinct in response to site topography. The material palette for the ‘Karra Commons’ buildings to the north-east of the site draws on the colours and textures of the Cumberland Plain Woodland through brickwork, metal cladding, screening and layered planting to create an architectural expression intended to “recede into the landscape”.

The terraces on the southern boundary adopt a finely scaled architectural language of articulated brickwork, deep reveals and expressed thresholds, balancing robustness with domesticity.

Meanwhile, Village Quarter, where density is intentionally located adjacent to amenity, becomes the mixed-use urban heart that frames the Village Green with active frontages. Materiality responds to the adjacent retail centre, with stepped built forms defining planted edges and supporting a vibrant, welcoming public realm.

&nbsp;

“Our proposal delivers a village-scale centre that supports social interaction and community identity while demonstrating a long-term vision for sustainable growth within the WELL Precinct,” Murgia added.

“By pairing mixed-tenure housing with flexible communal indoor and outdoor spaces, the precinct is designed to foster social diversity, wellbeing and a strong sense of community ownership.”

Joel Robinson

Holdmark seeks 17-building mixed-use precinct at former Caddens drive-in site

Dubai-based developer Arada is preparing to officially enter the Sydney apartment market, starting in Castle Hill.

Arada, who signalled its intent by announcing a development pipeline of $4 billion and then saving, and acquiring, tier-one commercial construction company, has filed a State Significant Development Application for a three-building development in the Hills Showground Station Precinct.

The buildings, which will be delivered on a 1.1-hectare site fronting Fishburn Crescent, Carrington Road and Middleton Avenue, will have 431 apartments. They have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/turner-studio">Turner Studio</a> with landscaping by <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>.&nbsp;

The buildings have been arranged around podium courtyards and open communal spaces, with Building A rising to 20 storeys, Building B stepping between 8 and 17, and Building C forming a U-shaped massing of 11 to 12 storeys.

&nbsp;

According to the Design Report by Turner Studio, the development will deliver a "highly liveable, connected, and inclusive residential community,” incorporating rooftop terraces, shared indoor amenities, and pedestrian links through the site.&nbsp;

<img alt="Arada" data-entity-type="file" data-entity-uuid="f00c8c47-8c25-4039-9d42-c4261906e286" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-15%20at%208.07.18%E2%80%AFPM.png?VersionId=SRRxwfZcxygQuYxRn_AsHoh00vJ2_PMj" />

The project includes 25 affordable housing units, representing five per cent of total floor space, located within Building A. These comprise a mix of one and two-bedroom layouts.

The broader residential mix across the three towers includes one-bedroom (nine per cent), two-bedroom (57 per cent), three-bedroom (30 per cent), and four-bedroom (four per cent) apartments, with a strong emphasis on family-sized homes.

The landscape strategy, guided by Arcadia, integrates rooftop gardens, public open space, and a pedestrian connection between Fishburn Crescent and Sexton Avenue.&nbsp;

The design draws from the natural and cultural history of the site, including features of nearby Cattai Creek, and incorporates endemic planting and local materials.

<img alt="Arada" data-entity-type="file" data-entity-uuid="c29a2ff1-3b45-4f51-851f-83b4b98148aa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-15%20at%208.07.26%E2%80%AFPM.png?VersionId=8G9S8LrCc8H.JtPWdzr9q0HAijLRXAk7" />

&nbsp;

Arada’s submission under the Housing Delivery Authority pathway highlights the project’s alignment with Transport-Oriented Development principles, capitalising on the site’s 400-metre proximity to Hills Showground Metro Station.

Founded in 2017 in Sharjah, Arada has delivered over 10,000 homes internationally and is now advancing a $4 billion pipeline in Australia. The Castle Hill project is one of several Sydney ventures by the developer, with other sites progressing in Campsie and Canterbury. Arada opened its Sydney office in August 2024 and acquired local construction firm Roberts Co to scale up delivery capabilities.

The site sits within the Showground Priority Precinct, a transport-oriented growth area targeted for 9,000 new homes. The broader neighbourhood is already seeing transformation, with Deicorp’s <a href="https://www.apartments.com.au/new-apartments/showground-pavilions-castle-hill-3-andalusian-way-castle-hill-nsw-2154">Showground Pavilions</a> and <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Hills Showground Village</a> introducing over 1,300 apartments alongside retail, open space, and transport upgrades.

Arada aims to launch the project to the market next year, and commence construction by mid-2027.

Arada pitches Castle Hill apartment plans ahead of 2026 launch

Well advanced in construction of its current East Brisbane tower <a href="https://www.apartments.com.au/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane-qld-4169">Murcia Residences</a>, developer Sarazin has filed plans for its next project in the booming inner-Brisbane area.

<a href="https://www.apartments.com.au/developers/sarazin">Sarazin</a>&nbsp;has sought approval from Economic Development Queensland for <a href="https://www.apartments.com.au/new-apartments/stanley-quarter-825-stanley-street-woolloongabba-qld-4102">Stanley Quarter</a>, a major two-tower mixed-use project that promises to reshape a key site between Stanley and Trafalgar Streets in Woolloongabba, next door to the iconic stadium.

Occupying a 4,332 sqm site within the Woolloongabba Priority Development Area, Stanley Quarter would comprise two slender towers, 53 and 36 storeys, rising above a shared six-level podium. The project marks the next phase in Sarazin’s transformation of the area following the adjacent Silk One development.

The towers will deliver 447 apartments, split across the two stages: 235 dwellings in the West Tower (36 levels) and 212 in the East Tower (53 levels). A rooftop recreation deck will crown each building. The East Tower, reaching approximately 190 metres, would become one of Brisbane’s tallest buildings outside the CBD, standing just shy of the 195-metre One One One Eagle Street.

<img alt="Sarazin" data-entity-type="file" data-entity-uuid="15ef9c22-b5eb-40d6-9311-22c340592b61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-15%20at%207.46.29%E2%80%AFPM.png?VersionId=LkFTu3S5sA0.b0j_k5QkdYaGqA2woe85" />

<a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a>’s architectural design integrates subtropical principles, including vertical fins, glass detailing, and extensive greenery. According to the Urban Design Report, the podium will support “active frontages and human-scale interfaces” and house retail, dining, and commercial spaces at ground level, while upper levels contain residential amenities and parking.

A highlight of the proposal is the 1,160 sqm public plaza linking Stanley and Trafalgar Streets. Designed as a landscaped urban courtyard with dining edges and shaded canopies, it offers a direct pedestrian connection through the site. Landscape design is by Wild Studio.

<img alt="Sarazin" data-entity-type="file" data-entity-uuid="e58bcf89-6a87-4a9b-8421-b3325ef74d16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-15%20at%207.51.19%E2%80%AFPM.png?VersionId=jWcgn4k0fyWKEX0XFOjg3F4sc3Zh9bIb" />

Also planned is a landmark cultural facility, the STEAMM Gallery and Garden, anchored to the East Tower podium. As outlined in the planning documents, this multi-storey facility will include exhibition and studio spaces, with the report stating it represents “a genuine community benefit and cultural anchor for the precinct”.

The basement and podium levels will accommodate 614 car spaces and 483 bicycle spaces across residential, visitor, and commercial use. Vehicle access is proposed via Trafalgar Street, with a flood-resilient basement design and discrete servicing zones.

Positioned close to The Gabba Stadium and the new Cross River Rail station, Stanley Quarter is framed as a catalyst project for Woolloongabba’s ongoing urban regeneration. It supports EDQ’s ambition to create a “walkable, transit-oriented and subtropical mixed-use centre”.

If approved, the project will be delivered in two stages, with the West Tower proceeding first.

Sarazin is currently delivering Murcia Residences, on the fringe of Woolloongabba in East Brisbane.&nbsp;

Sarazin unveils twin-tower Stanley Quarter in Woolloongabba

Sydney may hold the dubious honour of being the world’s second most expensive housing market, outpriced only by perennial leader Hong Kong, but its appetite for prestige property shows no sign of slowing. At the heart of it all sits Sydney Harbour, where waterfront apartments command eye-watering prices that show few signs of slowing.

According to Westpac’s August Prestige Market Overview, the city’s luxury sector continues to outperform expectations, with top-end values rising 6.2 per cent across 2024. Over the past decade, prices for Australia’s most exclusive apartments have surged more than 40 per cent, while available listings remain nearly 20 per cent below pre-pandemic levels, data from Cotality reveals.

Much of Sydney’s recent luxury boom has centred on Circular Quay and Barangaroo, two glittering precincts now home to some of the country’s most expensive real estate. Yet one of the city’s most iconic waterfronts has, until now, remained surprisingly underdeveloped: Darling Harbour.

Long known as a playground for tourists and locals, Darling Harbour has never truly offered the chance to live there, until now. Recognising the untapped potential of this prime harbourfront, development powerhouse Mirvac has taken the lead in reimagining the precinct. The company is at the centre of a wider $15 billion revitalisation that will elevate Darling Harbour’s prestige to rival its glamorous neighbours.

At the heart of the transformation is Harbourside Residences, a $2 billion glass tower rising from the redeveloped Harbourside Shopping Centre. The project brings together an international design collaboration between Norwegian architecture firm Snøhetta and Australian practice Hassell, with interiors by Bates Smart. The tower will house 260 residences, with the yet-to-be-released penthouse collection, six sub-penthouses and three full-floor penthouses, expected to rank among Australia’s most exclusive homes.

[smartcode_project:default project_id=141327 project_image_fid=352378]

Buyers have already responded in force. The project’s first apartment release late last year became the most successful launch in Mirvac’s 54-year history, recording more than $700 million in sales in just one weekend, with more than $800m total pre-sales to date. Prices ranged from $1.7 million to $25 million, with more than 40 per cent of purchasers being repeat Mirvac buyers, a testament to the developer’s reputation for quality and delivery.

Mirvac has now unveiled the tower’s most coveted homes: a collection of three- and four-bedroom residences positioned across the upper levels of the 48-storey building. From this vantage point on the western edge of Sydney Harbour, residents will enjoy a striking and rarely seen perspective of both the city skyline and the water.

[smartcode_project:default project_id=141327 project_image_fid=352369]

Inside, luxury extends far beyond the apartments themselves. Harbourside Residences will feature wellness amenities on par with a five-star resort, including a traditional sauna, steam room, ice bath, indoor lap pool, gymnasium, and yoga and pilates studio. Private leisure spaces cater to the growing desire for exclusive community living, with a residents’ lounge, private dining rooms with commercial and show kitchens, a cinema room, and even a golf simulator.

Outdoors, the experience is just as impressive. Landscaped garden terraces frame a lagoon-style pool that looks directly across the harbour, offering some of the most intimate city views anywhere in Sydney.

[smartcode_project:default project_id=141327 project_image_fid=352372]

Construction of Harbourside Residences is well underway. Mirvac, which designs, builds, and delivers its own projects, a model that reduces risk and ensures consistency, expects completion in late 2027. When finished, it will not only redefine Darling Harbour living but reshape Sydney’s skyline once again.

[smartcode_project_cta:default project_id=141327]

Sydney’s next great waterfront: Darling Harbour steps into the spotlight

Boutique development and construction firm <a href="https://www.apartments.com.au/developers/hsn-property-group">HSN Property Group</a> is the latest to seek a new apartment development through the NSW Government's&nbsp;Housing Delivery Authority.

They've filed a State Significant Development Application for a nine-storey building across nine consolidated lots on <a href="https://www.apartments.com.au/new-apartments/2-16-spencer-street-rose-bay-nsw-2029">Rose Bay's Spencer Street</a>, just 400m from the centre of the affluent suburb.

“The site’s location and context make it well suited to support a more diverse and sustainable residential offering in the area,” the developer stated in community consultation materials.

The plans are for 54 apartments, 14 of which will be dedicated to affordable housing. There will be a mix of two- and three-bedroom apartments.

The proposal aims to contribute to housing diversity in the Woollahra Local Government Area while taking advantage of recent Low and Mid-Rise Housing Reforms introduced under the NSW Housing SEPP, according to the Scoping Report prepared by Urbis.

The architecture, led by <a href="https://www.apartments.com.au/architects/mhn-design-union">MHNDU</a>, reflects a "contemporary design approach sensitive to the character of Rose Bay." Communal amenities will include a wellness area with a pool and sauna, a gym, a wine lounge, and landscaped spaces with barbecue facilities.&nbsp;

“The proposed development will offer a suite of premium communal amenities designed to enhance resident wellbeing, foster social connection, and promote a healthy lifestyle,” the project team notes in its public materials.

Three levels of basement parking are planned, and EV charging facilities will be included, aligning with sustainability and transport objectives. A comprehensive traffic study is underway to assess and manage local impacts.

With 54 apartments, the proposal by HSN will be one of the largest developments in Rose Bay for decades. It tops the 50 apartments soon to launch by Orosi on <a href="https://www.apartments.com.au/new-apartments/the-avenue-rose-bay-1-the-avenue-nsw-2029">The Avenue</a>, near the Royal Sydney Golf Club.&nbsp;

First look: HSN plans Spencer St, Rose Bay apartment project

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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