Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Property News

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Rent.com.au recorded 526,280 unique visitors to its website during November 2015.
It was the second consecutive month it has registered audience numbers in excess of its 500,000 unique visitor target.
Rent.com.au managing director Mark Woschnak said November was the start of a period typically characterised by a seasonal downturn in national audience numbers.
 “We are pleased to have maintained our audience share relative to the rest of the market which, we know from independent AC Nielsen reporting, typically declines 3% to 5% in November and as much as a further 25% in December each year.
"This proven seasonal effect on traffic is normal and expected as people naturally shift focus to the festive season and defer finding their next rental place until the New Year.'
He said compared with October 2015, rent.com.au had increased the total time that visitors spent on site, with the total advertising impressions up 19% to 18 million, capturing the attention of some of the biggest advertisers in the country interested in targeting its high‐demand audience demographic of the 18‐35 year old market.
Upon listing on the ASX in June 2015, the company also set a business objectives of increasing levels of rental property listings from non‐agent landlords.
<a href="https://www.rent.com.au/admin/landlords/19125/properties/new" target="_blank">The site is offering a period of free listing for landlords</a>.
With more than 6,500 estate agencies nationally, its typically provides over 58,000 national listings, representing over 80% of what is on offer.
<a href="/images/2015/12/7/Screen%20Shot%202015-12-07%20at%209.04.25%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/7/Screen%20Shot%202015-12-07%20at%209.04.25%20AM.png" alt="">
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jchancellor-FAypfDUnLy

Rent.com.au secures November spike ahead of seasonal rental downturn

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A top-floor office property in Perth’s new legal hub is set to go under the hammer, unlocking an opportunity to acquire a footprint in one of the city’s fastest evolving precincts.
Located at the top of the Equus Commercial building at 580 Hay Street, the 213 square metre partitioned office space features a 57 square metre terrace complete with putting green, two basement car bays and panoramic views over Perth Town Hall and the CBD skyline.
Listing agents CBRE’s Michael Milne and Ben Younger will put the property under the hammer on December 10.
The occupants of Equus building include Perth’s leading law firms, barristers and QCs, he said.
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j.ballantyne1990-6AQqhLzZaK

Top floor nest up for grabs in Perth’s premier legal hub

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Meriton’s two-tower project Centrium in the business district of Chatswood was launched by Lucy Turnbull, on Thursday evening shortly after it was advised that she will head the new organisation charged with overseeing planning and development across Sydney, the chair of the Greater Sydney Commission.
Centrium will have one tower as serviced apartments and the other as long-term rental accommodation, according to Meriton Group CEO Harry Triguboff.
He said Meriton was giving the Chatswood business district much-needed rental options.
It is now is one of the North Shore’s major commercial, retail and residential districts. Some of Sydney's best shopping, dining and transport facilities can be found in Chatswood.
“If we see a gap in the market, we fill it accordingly,” Triguboff said.
“If we see that there is a great need for long term rental accommodation we retain the building to help boost the depleted rental market."
Chatswood was named after Charlotte Harnett, wife of the then mayor of Willoughby, Richard Harnett. Her nickname was ‘Chattie’ and wood came from the original wooded nature of the area. It was Chattie’s Wood and the date it actually changed to Chatswood is not precisely unknown.
The announcement that former Sydney Lord Mayor Lucy Turnbull will head up the Greater Sydney Commission was good for Sydney but there are major challenges ahead, says the Urban Taskforce CEO Chris Johnson.
“Her background as Lord Mayor of Sydney and her interest in metropolitan wide planning auger well for ensuring the commission acts with big picture thinking,” he said.
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jonathanchancellor-7SQnKwU6yx

Harry Triguboff to retain Meriton's Centrium towers in Chatswood

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Weekly rents across Australia’s capital cities rose by just 0.3% over the 12 months to November-end, the lowest annual growth rate on record, according to the latest CoreLogic RP Data monthly rental review.
Sydney and Melbourne were the only cities where rental rates rose at least 2% for the year.
Rates fell over the year in Brisbane, Perth and Darwin, while the remaining capitals have seen rents rise by less than 1.5% over the year.
The combined capital city rental rates are $486/week for houses $464/week for units, according to the data.
“It is anticipated that the rate of rental growth will continue to slow over the coming months due to increased supply of housing and rental stock coupled with slower migration rates which has reduced rental demand,” CoreLogic RP Data research analyst Cameron Kusher said.
Dwelling rental rates across the combined capital cities were recorded at $483 per week, an increase of just 0.2% over the first 11 months of the year while over the past 12 months, they have risen by a record low 0.3%.
“Today’s results point to a broad trend of weakening rental growth, particularly throughout this year. With less than one month to go before year's end, it is apparent that rental growth will be very soft over 2015," Kusher said.
“The construction boom across the capital cities, coupled with slowing population growth, low mortgage rates and the recent heightened level of activity from investors who add to the pool of rental stock are the major contributing factors to the slowing rental growth.
“Sydney and Melbourne, which have seen the largest ramp up in new housing supply and investor activity over recent year, continued to record rental rises over the past year.
"However, each city is seeing a slowing in the pace of rental growth relative to 12 months ago.
He said the increase in investment stock gives landlords little scope to lift rental rates, while the low mortgage rate environment offers little incentive to push yields higher.
Looking across the individual capital cities, over the past year, Sydney and Melbourne have recorded the greatest increases in weekly rents, albeit at low levels compared with the pace of capital gains, while rents have fallen in Brisbane, Perth and Darwin.
Over the past three months rents are lower in Brisbane, Adelaide, Perth and Darwin, are unchanged in Hobart and have increased in Sydney, Melbourne and Canberra.
Over the past month, house rents were unchanged while unit rents rose 0.2%. For the three-month period, house rents fell -0.2% compared to a 0.4% rise in unit rents.
Demand for units , while still weak, is holding up better than rental demand for houses, the data shows.
Over the past year, house rents have increased by 0.1%, while units have recorded a much greater 1.7% annual rise.
Annual rental growth has slowed over the month but has reached a new record low level. Across each capital city, the current annual rate of rental growth is lower than the decade average, highlighting the weak rental growth conditions compared with the historical trend.
Canberra is the only city where the annual change in rent over the past year has been greater than growth a year ago.
The current building boom and recent record high levels of investment purchasing is causing oversupply at a time where the rate of population growth is slowing.
The slowing population growth is continuing to hit the rental market demand and contributed to a record low rate of rental growth.
The report said growth in rental rates is expected to slow even further over the coming months, and possibly rental rates will start to fall on an annual basis over the coming months.
The large pipeline of residential construction activity as well as high levels of investment demand (albeit slowing) means that people choosing to rent are likely to continue to have more accommodation choices and landlords limited scope to increase rents.
Capital city rents are increasing at their slowest annual pace on record, however, a decline in home values over the month has halted the decline in gross rental yields.
At a combined capital city level, gross rental yields were at 3.4 percent for houses in November 2015 and at 4.3 percent for units. Combined capital city house and unit rental yields are currently both at record lows.
A year earlier, gross rental yields were recorded at 3.7% for houses and 4.5% for units across the combined capitals.
The report says that the sluggish rental market may result in a further compression of yields over the coming months.
From an investment perspective it means that capital growth, which is slowing, is going to remain a much more important factor for a return from an investment.
Gross rental yields are lowest for houses in Melbourne (3%) and highest in Hobart (5.4%).
Gross unit yields are lowest in Sydney at 4.1% and highest in Darwin at 5.5%.
Sydney unit yields are currently at a record low. Gross yields have edged slightly higher in Sydney, Melbourne and Canberra after sitting at record lows in October.
Across every capital city except for Hobart, house rental yields are lower now than they were at the same time last year. The general decline in yields is reflective of sluggish rental increases for houses and stronger value growth.
The unit market shows different trends to the detached housing market largely due to the weaker value growth conditions for units and the fact that rental growth is a little stronger than it is for houses. Yields are higher than a year ago in Canberra and unchanged in Melbourne and Brisbane while elsewhere yields have softened over the past year.
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Capital city rental growth lowest on record: CoreLogic RP Data

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WBP Property Group has appointed Greg Wickham as its chief executive.
The former Opteon Property Group CE will assume the position of CEO of WBP Property Group, effective 1 February 2016, in what the company describes as an exciting new growth phase.
WBP Property Group is an independently owned and operated national valuation, buyer's advocacy and property services company established in 1992.
Greville Pabst, the current CEO will become the executive chairman.
"Australia’s residential mortgage valuation industry is worth an estimated $500 million per annum, of which the group conservatively boasts 6% market share," Greville Pabst said adding WBP Property Group’s market share will grow to 10% in the next 24 months, through combination of continued organic growth and strategic acquisition.
Its valuation business grew by a reported 31% last financial year, with more than half of the growth experienced in Sydney. 
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WBP Property Group appoint Greg Wickham as CEO 

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A three bedroom, one bathroom property in Aldinga Beach was Adelaide's most affordable property after it's $232,000 weekend sale. 
Targeted at investors, the 1976 property at <a href="https://www.realestate.com.au/property-house-sa-aldinga+beach-121152154" target="_blank">3 Fidge Street </a>was described as 'run down' by selling agent Nick Van Vliet of First National Real Estate.
Aside from the house, the front and back gardens are bordered by numerous fruit trees including almond, stone fruit and figs.
A large shed with internal office provides a great work and hobby space and is backed by a chicken coop and wood oven.
The 760 sqm dwelling was last traded in for $177,500 in 2004, which gives it an annual appreciation of 3.8%.
Aldinga Beach is an outer southern suburb of Adelaide, located 45 kilometres from the CBD.
 
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jrobinson-rf4aSBido9

Aldinga Adelaide beach house weekend's most affordable sale

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Melton West - and the 3337 postcode - was identified as one of the most affordable rental suburbs closest to Melbourne's central business district, according to Australia's first rental affordability index.
The index is a joint project between peak housing advocate National Shelter, Community Sector Banking and SGS Economics &amp; Planning.
Property Observer went looking for houses and apartments in Melbourne's Melton West to find a suitable range. These are the ones we came up with:
 1. A four-bedroom house on <a href="https://www.realestateview.com.au/rental-properties/19-lomandra-bowl-melton-west/Property-Details-rent-residential-9789526">19 Lomandra Bowl, MELTON WEST 3337</a> (above) is available for $370 a week. This one topped the rentals for houses. 
2. A three-bedroom house on <a href="https://www.realestateview.com.au/rental-properties/4-red-oak-street-melton-west/Property-Details-rent-residential-9784033">4 Red Oak Street, MELTON WEST 3337</a> (below) is available for $280 a week.
<img src="/images/2015/11/26/4-Red-Oak-Street-Melton-West-VIC-3337-Real-Estate-photo-1-large-9784033.jpg" alt="" width="469" height="352">
3. A two-bedroom unit on <a href="https://www.realestateview.com.au/rental-properties/2-7-fishburn-grove-melton-west/Property-Details-rent-residential-9787782" target="_blank">2/7 Fishburn Grove, MELTON WEST 3337</a> (below) is out for rent for $255 a week.
<img src="/images/2015/11/26/2-7-Fishburn-Grove-Melton-West-VIC-3337-Real-Estate-photo-1-large-9787782.jpg" alt="" width="500" height="333" style="font-size: 12.16px; line-height: 1.3em;">
4. A two-bedroom unit at <a href="https://www.realestateview.com.au/rental-properties/25u-scott-street-melton/Property-Details-rent-residential-9789004" target="_blank">25U Scott Street, MELTON 3337</a> (below) is available for $220 a week and was the cheapest. 
<img src="/images/2015/11/26/700_scott.jpg" alt="" width="540" height="328">
The median house rental for Melton West is $280 per week with a median gross yield of 4.7%, according to data on <a href="/news">www.propertyvalue.com.au</a>.
Its median gross yield is higher than the national average of 4.24%.
For units, the median rent is $260 per week, while the gross yield is 5.7%, also higher than the national average of 4.63%, the data shows. 
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Melton West rental affordability: What landlords are asking from tenants

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Carlton conveyancer Mandeep Johal, 37, has been reprimanded and had conditions placed on his licence, by his and Consumer Affairs Victoria's consent, after the Victorian Civil and Administrative Tribunal found he contravened the Conveyancers Act 2006.
Consumer Affairs Victoria applied for an inquiry into Mr Johal's conduct after receiving numerous complaints when he was trading as MM Conveyancing, Metropolitan Melbourne Conveyancing and Budget Conveyancing.
The tribunal found Mr Johal had contravened the Act and its associated regulations by failing to:
<ul>
<li>disclose a potential or actual conflict of interest relating to his conveyancing services</li>
<li>disclose the costs of conveyancing work to his clients, and including legally required information in his cost disclosures</li>
<li>notify the Business Licensing Authority of information required in his conveyancer's licence application</li>
<li>comply with the rules of conduct a conveyancer must adhere to under the law.</li>
</ul>
As part of the conditions placed on his licence, Mr Johal must:
<ul>
<li>install a voicemail and email notification advising clients that their telephone call or email will be responded to within 48 hours</li>
<li>implement and publish a complaint-handling procedure, have it audited every six months for three years, and provide a copy of the audit report to the Director within five days of receiving it.</li>
</ul>
Mr Johal was also ordered, by consent, to undertake an Advanced Diploma of Conveyancing at the Melbourne Polytechnic within nine months of the date of the tribunal's order, and to notify the Director of Consumer Affairs Victoria after successfully completing it.
Mr Johal was also ordered to pay a penalty of $1000 into the Victorian Property Fund.
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MM Conveyancing told to get some education: VCAT

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Turkish investment trust Nurol REIT has chosen Raine &amp; Horne Dubai as its lead agency to market an extensive AED 3 billion (AUD $1.12 billion) Turkish real estate portfolio to Gulf Cooperation Council (GCC) states.
Nurol REIT is a US$25 billion (A$34.76 billion) business conglomerate, and is significantly involved in Dubai’s Jumeirah Park and Jumeirah Village Triangle, and Saadiyat Island in Abu Dhabi.
The property portfolio, located in Istanbul, Turkey, includes Nurol Life, a luxury residential apartment tower in the heart of the city and a mixed-use community Nurol Park close to Ataturk Airport.
Nurol Park is classified as prime Istanbul real estate and comprises two commercial buildings, eight residential towers and a hotel.
The third asset, Nurol Tower, is located next to Istanbul Court and comprises affordable residential and office properties. 
“The decision to appoint Raine &amp; Horne Dubai as the lead agency makes plenty of sense, as a large chunk of Turkish real estate sold to foreign buyers is purchased by GCC investors,” said Angus Raine, executive chairman, Raine &amp; Horne.
Since the liberalisation of the foreign investment laws in Turkey in 2012, GCC investment in the country's property sector has risen by 500%, while the Gulf states account for nearly a quarter of the foreign buyers, at 24%, according to Dubai-based property research firm, REIDIN.
“High capital growth and great investment propositions, combined with a raft of important future infrastructure projects and secure legislation and regulation, means Turkey is a key market for property investors, and our buyers in the Gulf are demonstrating their confidence in Istanbul's healthy property market," said Sanjay Chimnani, Joint Managing Director of Raine &amp; Horne Dubai.
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Raine & Horne to market Turkish property portfolio to GCC

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<img src="/images/2015/11/26/NEW_RAMS_LOGO.jpg" alt="">
Buying a property alone can be more difficult than buying with someone else but with careful preparation it’s certainly doable. 
You’ll feel a great sense of pride if you do buy a place by yourself. It’s a great achievement, and one that many first home buyers accomplish every year.
Here are some suggestions to get you started:
<ul>
<li>Work out your budget – Remember the costs of buying such as legal fees, stamp duty and removalist charges when you’re saving for your deposit. Don’t forget strata fees, council rates, utility bills, insurance, and repair costs when working out how much you can afford in mortgage repayments.</li>
</ul>
<ul>
<li>Get pre-approval – Before you start seriously looking, get pre-approval on a home loan to confirm the amount you can borrow. This might also improve your bargaining position when you come to make an offer. </li>
</ul>
<ul>
<li>Plan for the unexpected – What would happen if you lost your job, fell ill and couldn’t work, or if property prices dropped? Consider income protection insurance as may pay a proportion of your wage if you can’t work due to illness or accident. Get home and contents insurance to cover against property damage or theft.</li>
</ul>
<ul>
<li>Be realistic – Saving for a deposit may take longer solo and you may not be able to afford as big a mortgage as if you had someone else to help out. Be prepared to make some compromises to buy what you can afford. </li>
</ul>
<ul>
<li>Ask for second opinions – enlist friends and relatives to look at properties you’re considering and tell you what they think. They may see shortcomings or benefits you’ve overlooked. Choose people you trust to give fair and constructive opinions.</li>
</ul>
<ul>
<li>Seek advice – mortgage brokers, solicitors, financial planners and building inspectors can provide useful input to your decisions. Also, talk to others who have bought property alone about their experiences. </li>
</ul>
Quick tip: Have confidence. Plenty of people do buy property alone.
TO FIND OUT HOW RAMS CAN HELP EASE YOU THROUGH THE PROCESS, GET IN TOUCH WITH YOUR LOCAL RAMS HOME LOAN EXPERT OR DROP IN FOR YOUR <a href="https://ad.doubleclick.net/ddm/clk/297888911;125002156;k" target="_blank">FREE FIRST HOME BUYERS’ GUIDE</a>.
For more great property advice and tips on buying your first home from RAMS subscribe to <a href="https://ad.doubleclick.net/ddm/clk/297885979;125002157;w" target="_blank">The Great Australian Dream property series</a>.
For your free Property Observer eBook from RAMS, 12 tips for first-time buyers, covering everything you need to know when it comes to purchasing property, click here.
Disclaimer: Information in this material is general and does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. You should also obtain independent professional advice relevant to your financial circumstances.
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