Leading property developer <a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a> has officially completed ENSO, its premium boutique residential development in Neutral Bay Village.

Designed by internationally acclaimed architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a> and built by Credence Constructions, ENSO draws inspiration from the Japanese Buddhist philosophy of the same name, a symbol of elegance, strength and enlightenment.

Comprising of just nine one-, two-, and three-bedroom residences, with a full floor four-bedroom penthouse, <a href="https://www.apartments.com.au/buildings/enso-neutral-bay-34-grosvenor-street-neutral-bay-nsw-2090">ENSO</a> combines sculptural form and refined materiality with a minimalist design language that evokes calm, balance and timeless sophistication.

[smartcode_project:default project_id=109705 project_image_fid=355893]

With the occupation certificate now in hand, Abadeen will soon welcome the first residents into their new residences, perfectly timed for Christmas.

Positioned along Grosvenor Street, which has emerged as one of the North Shore’s most exciting dining and lifestyle destinations, ENSO residents will enjoy a true village experience surrounded by Sydney’s best food, retail and culture. Grosvenor Street is home to brand new restaurants including Bombay Bloomers, Pocket Pizza and Fujitori Yakitori &amp; Sake Bar.&nbsp;

Within a one-minute walk of ENSO, a new retail precinct is introducing a curated line up anchored by Dan Murphy’s, together with Bodylove Pilates and the award winning Wholegreen Bakery. Coles is also close by, adding everyday convenience just minutes from the CBD.

[smartcode_project:default project_id=109705 project_image_fid=355895]

“ENSO represents the next chapter in Neutral Bay’s evolution,” said Justin Brown, Executive Chairman and Founder of Abadeen.

“You have Koichi Takada’s architecture on one side of the street and a vibrant new village scene on the other. It is the meeting point of design, lifestyle and community. This project captures what we value on the Lower North Shore: sophistication with a genuine sense of convenience where people want to live.”

Each residence is crafted with premium finishes, generous floorplans and seamless indoor to outdoor living, embracing Takada’s philosophy of organic, nature inspired design. Interiors are composed of soft, neutral palettes and tactile materials that promote calm and connection.

“This is a proud milestone for Abadeen,” Brown added. “ENSO has been carefully designed and delivered, a true boutique project that reflects our ongoing commitment to elevating the architectural and lifestyle experience across Sydney’s Lower North Shore.”

With construction complete and final residences available, ENSO presents a rare opportunity to move into a brand-new home within an established, connected and increasingly vibrant village community.

[smartcode_project_cta:default project_id=109705]

Staff Writer

Abadeen completes ENSO in the heart of Neutral Bay’s fast-evolving village precinct

&nbsp;Developer CPDM is continuing to put its stamp on Sydney's Lower North Shore.

Just a few months after seeking to develop <a href="https://www.apartments.com.au/news/nsw/first-look-neutral-bay-transformation-continues-as-new-eight-level-building-pitched">25 apartments in Neutral Bay</a>, CPDM is now looking to deliver something similar in the neighbouring suburb of Cremorne.

They have gone through the NSW Government's Housing Delivery Authority to file a State Significant Development Application for 32 apartments across an eight-storey building at&nbsp;<a href="https://www.apartments.com.au/new-apartments/57-61-reynolds-street-cremorne-nsw-2090">57–61 Reynolds Street</a>.

Like the majority of development applications being submitted in recent months, <a href="https://www.apartments.com.au/developers/cpdm">CPDM</a> is looking to trigger the affordable housing uplift under the&nbsp;State Environmental Planning Policy (Housing) 2021 guidelines.

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, who have worked on the project since its inception. They noted in their design statement that the Reynolds Street frontage more closely resembles the scale of multi-residential buildings in the area, while Gerard Lane has a smaller scale to match the presentation of the existing buildings on that lane.

<img alt="First look: CPDM plans eight-storey affordable apartment project in Cremorne" data-entity-type="file" data-entity-uuid="7ecfa010-8db9-42de-9b8e-0e52d46fe708" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Cremorne%20podium.png?VersionId=EajgchvITAagKkiAksQYy3SAIVpI.i.t" />

The majority of the 32 apartments will be three-bedrooms (27), with the remaining five two-bedroom units.

The building will include two rooftop communal spaces and two basement levels with 51 car parking spaces allocated for residents, visitors, motorcycles, and bicycles.

PBD noted that the project’s “density is thoughtfully planned to be sustainable, capitalising on existing and future infrastructure, access to public transport, the site’s cultural and community value, and its environmental attributes”.

CPDM has been steadily growing its development footprint across Sydney’s North Shore, with previous and current projects in Lindfield, Gordon, and Neutral Bay. Their recent application in Neutral Bay, also designed by PBD Architects, similarly leveraged the Housing SEPP bonus provisions to deliver a mid-rise apartment building with affordable housing units.

First look: Developer CPDM doubles down on Sydney's Lower North Shore

The first new apartment development in Gladesville to offer 10-year Latent Defects Insurance (LDI) protection is soon to welcome its residents.

Respected boutique developer Geron Property has partnered with the Gladesville RSL to deliver Jordan Hall Residences, named after the historic Jordan Hall building on Western Crescent, on the edge of the town centre.

The façade of the original 1938 building has been kept intact by the development team. The Inter-War Free Classical community venue is known for its Art Deco parapet, dual-tone brickwork, and decades of RSL Youth Club activity. The building once anchored the view down Jordan Street, and its façade will continue to do so as the hall becomes the architectural centrepiece of the new residential project.

Innovate Architects has designed a new structure that rises behind Jordan Hall, featuring 29 large-scale apartments that are setting new benchmarks in the suburb.

Local construction company Gauge is putting the finishing touches on the apartments, which are designed primarily for local downsizers. Each apartment features three bedrooms, kitchens with integrated Miele appliances, generous natural light through strategically placed windows, and private outdoor areas.

Beyond the private spaces, the project includes communal areas on the first and seventh levels, positioned to take advantage of Gladesville’s elevated outlook.

<img alt="Jordan Hall" data-entity-type="file" data-entity-uuid="f696a00e-e624-4af7-809c-e10cbf5fb051" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2012.17.43%E2%80%AFPM.png?VersionId=AwWxRbU92OMu0kMwFzaTbFO3qtwEr7go" />

Jordan Hall will be the first new apartment development in Gladesville with Latent Defects Insurance, a new insurance policy that gives peace of mind for off the plan buyers when it is secured by the builder or developer of the new building.

Offered by Resilience Insurance, LDI is a first-right insurance product that protects purchasers from structural or waterproofing defects within the first 10 years after completion. Geron Property's adoption of the policy aligns with broader industry movement toward more rigorous assurances and supports buyer expectations around long-term asset performance.

Geron Property, led by Tom Zarimis, is intending on taking out the policy on its next project, a luxury development on Cronulla's Gerrale Street.

Zarimis appointed&nbsp;Adobe Property Agents to sell Jordan Hall Residences. There are just a handful of apartments remaining.

Read more: <a href="https://www.apartments.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Joel Robinson

Geron Property, Gladesville RSL, approach completion of Jordan Hall Residences, Gladesville's first new apartment building with Latent Defects Insurance

The final apartments in the most recently completed new development in Balwyn present some of the largest and most exclusive ever delivered in one of Melbourne’s most established and character-rich neighbourhoods.

Boutique developer&nbsp;<a href="https://www.apartments.com.au/developers/wulff-projects">Wulff Projects</a>,&nbsp;alongside partner <a href="https://www.apartments.com.au/developers/pga-group">PGA Group</a>, has just finished <a href="https://www.apartments.com.au/buildings/threadneedle-balwyn-1-5-threadneedle-street-balwyn-vic-3103">Threadneedle</a>, 17 home-sized residences designed completely for the owner-occupier.

Named after its location on Threadneedle Street, the new project has been shaped by the heritage fabric of Balwyn. It offers two low-rise buildings of eight and nine apartments respectively, designed to emulate traditional standalone homes.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355582]

John Scaramuzzino, Director at <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, explains the design intention.

“Given the quiet residential character of the street with many homes dating back to the 1930s and 1940s, we approached Threadneedle wanting to appear less as a collection of apartments and more as a traditional residence. This led to creating not one but two buildings that could “breathe” with larger garden-based apartments functioning more like small homes.”

[smartcode_project:default project_id=27816 project_image_fid=355605]

The north-facing residences are nestled among extensive landscaped gardens by Ben Scott Garden Design, with over one-third of the site dedicated to greenery. The resulting setting is one of calm seclusion, where architecture and landscape work in tandem to offer immediate liveability.

With construction now complete, the final apartments include a top-floor, single-level penthouse residence priced from $2.8 million. This home offers three bedrooms, a dedicated study, two bathrooms plus powder room, and three car spaces with an oversized storage room.&nbsp;

Interiors prioritise spatial comfort and natural light, with three-metre-high ceilings, oversized internal doors and a full-width terrace oriented to the north, east and west.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355604]

Floor-to-ceiling double-glazed windows ensure thermal performance across seasons, supported by automated external blinds, zoned heating and cooling, and a fireplace for added ambiance.

Each apartment has been individually designed to maximise privacy and garden outlooks. Kitchens combine refined finishes with practical considerations: stone benchtops, butler’s pantry, full-height joinery and concealed rangehoods.&nbsp;

The inclusion of dedicated home offices responds to contemporary living patterns, while bathrooms feature sculptural bathtubs and brushed nickel fixtures.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355590]

Threadneedle also integrates best-practice sustainability measures, achieving a 7 Star average NatHERS rating. Initiatives include solar PV systems, rainwater harvesting for toilet flushing and irrigation, and high-performing building insulation. These elements enhance daily comfort while reducing ongoing maintenance and energy demand.

"We believe Threadneedle sets a new standard of design excellence and building quality for Balwyn,"&nbsp;Scaramuzzino added.

"It’s an architectural response we’re particularly proud of, and one we’re sure residents will be equally proud to call home."

[smartcode_project_cta:default project_id=27816]

Final homes remaining as Threadneedle, Balwyn completes construction

Sydney's top 15 new apartments developments set to launch in 2026

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.
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j.ballantyne1990-6AQqhLzZaK

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

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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

<html><body>
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

<html><body>
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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