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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Sydney's most affordable property reported sold at the weekend was a two-bedroom unit at 19/60-62 Speed Street, Liverpool sold for $355,000 through Prudential Liverpool.
Agent Simon Perri was quoting $320,000 plus.
Sales this year<a href="https://www.domain.com.au/sold/19-60-62-speed-street-liverpool-nsw-2170-2012172159" target="_blank"> in the block had hit $350,000</a>.
The likely rent by the investor buyer is estimated at between $300 and $320 a week.
There were four registered bidders, with it sold soon after auction.
Liverpool had three of the eight sub-$500,000 weekend sales.
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jchancellor-FAypfDUnLy

Sydney's most affordable at $355,000 in Liverpool

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Canada has sold its consul-general’s ­residence in pricey Vaucluse, the one with the heritage-listed light beacon dating back to the 1880s in its front yard. 
More than $9.5 million was the initial price tag, then selling agents, the French Canadian Jeannine Yates and Ray White Double Bay colleague Elliott Placks were telling buyers more than $10 million.
It sold to a local young family. 
Canada’s consul-general’s residence on Wentworth Road was bought back in the mid-1960s for £35,000. It comes with a maple leaf in the tiled pool. 
It was listed after the Canadian government ruled that official expats must downsize. 
The six-bedroom 1920 house on 1800 sqm at <a href="https://www.realestate.com.au/property-house-nsw-vaucluse-120255833" target="_blank">12 Wentworth Road</a> has been home to consul-general Mario Ste-Marie and his family since 2011. 
The Vaucluse Bay range rear light is the active lighthouse is one of four lighthouses designed by architect Maurice Festu in a style now sometimes called "Disney Castle", the others being Grotto Point Light, Parriwi Head Light and Vaucluse Bay Range Front Light.
The light is operated by the Sydney Ports Corporation. 
This article was first published in the Sunday Telegraph.
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Canada sells its Vaucluse, Sydney residence with lighthouse

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Former Woolworths chief executive Paul Simons has spent $6.5 million on the 3159-hectare sheep and cattle property, Glencoe, east of Young on the NSW Southern Tablelands.
Glencoe, which has the capacity to run 18,500 sheep, sold through Landmark Harcourts Capital's Colin Medway for the Coles family.
Paul Simons told the Australian Financial Review he expects he will run about 12,000 sheep at the Boorowa property.
There are two homesteads, Glenalban and Currawidgee.  
Paul Simons already owns 1000-hectare property Euralie at Yass where he had breed superfine wool since the early 1980s.
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Paul Simons buys $6.5 million Young farm, Glencoe

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GUEST OBSERVER
It’s 8am on a 10 degree winter morning and all you can hear is the heavy rainfall outside.
You cannot think of anything better than to forgo your house hunting plans and stay in bed for the day; after all, it’s the weekend. But just yesterday you were sunbathing in the park, planning your list of inspections for this very day and daydreaming of what your new home would be like. Now you decide that you will do this next week, when you can view properties in more comfortable conditions. 
It's amazing how the weather can alter your mood and even what you decide to do for the day. What better way to welcome the month of Spring than with a report about weather! Temperature plays a key role in this report. We are all looking forward to the next few months as mornings become brighter earlier and the days hit temperatures over 20 degrees celcius again. 
When it comes to selling and buying houses, Melbourne's favourite method is still the auction. On a sunny Saturday morning, many houses being auctioned can draw quite the crowd. In this report, Secret Agent looks at the impact of the weather, in particular temperature, on auction results. Does temperature have an impact on price or does a cold day merely weed out the number of onlookers? 
Weather and Mood 
Weather can affect our mood in various ways and, through this, influence our behaviour and decisions. Rainy days can make us feel sad and dull. Sunlight can diminish tiredness and boost positive moods. Simply thinking about the warm Spring days ahead makes Secret Agent happy. 
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An investigation into the relationship between morning sunshine and market index stock returns each day at 26 stock exchanges internationally found that there is a strong positive correlation. (Hershleifer and Shumway, 2001) Other weather conditions such as rain or snow were not found to have any relationship with returns. 
Sunny weather is better for forging new relationships too. A psychologist in France performed an experiment in which he approached women on sunny and cloudy days and asked them for their phone number. The women were more receptive to his flirtatious behaviour on sunny days with 22% giving him their number, as opposed to cloudy days where only 13% were happy to. (Gueguen, 2013) 
Temperature can also impact our behaviour independent of sunshine or rain. One study looking at the relationship between weather and helping behaviour found that a moderate temperature of about 20 degrees celsius is said to be ideal for most people. (Cunningham, 1979) Once you deviate from this happy medium, people felt a greater degree of discomfort and were less likely to help. 
Heat is said to bring out the worst in people. Rates of aggression and violence are higher on hotter days of the year. A Dutch experiment involved placing police officers in a simulated burglary in hot and cold conditions. They found that police officers were more likely to draw their weapons and shoot the suspect in the hot environment than in a colder one. On a baseball field, pitchers are more likely to hit batters on a hot day. (Anderson, 2001) A study analysing the content of news reports filed out of Beijing during the Olympics found that the Air Pollution Index and daily temperatures had an impact on the negativity of the reports, with more negative words used as temperature and air pollution rose. (Zhong and Zhou, 2012) 
This prompted us to think that temperature may also have an effect on auction results that is independent of seasonal factors. Secret Agent decided to test this out to determine if daily temperature influences property prices in an auction environment. 
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The study collected the auction sale results of all townhouses and houses sold in inner Melbourne in the past year from August 2014 up until August 2015. For this purpose, inner Melbourne was defined by the suburbs listed in the Quarterly Turnover section of this report (page 10). 
There were 1740 houses sold with disclosed sale prices and these were incorporated into a comparative analysis with average daily and monthly temperatures. These results were then checked using hedonic regression techniques to isolate the temperature variable and determine its true effect on a property sale price. This was performed on properties where there were records of the land area, number of bedrooms and number of bathrooms. The model included 1032 properties and accounted for the size of the house (land area and number of bedrooms/bathrooms), inflation, geographical location (South, North, East or West as well as distance to the nearest beach or CBD) and seasonality (Summer, Autumn, Winter, Spring sale date). 
Temperature and Sale Price 
The analysis aimed to find a correlation between the average daily and monthly temperatures with auction sale prices. Figure 1 shows the comparison between the average sale price with the highest temperature reached on that day. Here there seems to be no real connection. While temperatures increase from August to February and then decline again throughout 2015, the average sale price on auction weekends moves more sporadically, with the overall trend a slight increase in average prices over time. 
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Note that on some weekends, especially in the January period, there were not enough sales to get an accurate average estimate. Statistically speaking, the correlation coefficient between the daily temperature and sales price found was 0.1. The correlation coefficient tells us how interdependent two variables are and always falls between 1 and -1. A measure of correlation between daily sale price and temperature of 0.1 is considered a very weak, positive correlation. Positive in this case means that, as temperature increases, average sale price increases as well, but it is weak because it is close to 0, at which point there is no relationship. 
 
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Looking at the monthly averages (Figure 2), a connection between the average temperature and sale price of houses and townhouses starts to emerge: as temperature increases, so does the average sale price. The measure of correlation between monthly sale price and temperature in this case is 0.46. This correlation coefficient is weak, positive. While it is larger than the daily average correlation, implying the monthly data is more strongly interconnected, the number is still closer to 0 than it is to 1, making it a weak correlation.
The results of the hedonic analysis support the above comparisons. Holding all other variables constant (size of house, inflation, geographical location and seasonality), Secret Agent found that the average temperature does not have a statistically significant impact on the average sale price of a house or townhouse at an auction in inner Melbourne.
One of the limitations to our study was the fact that data was only analysed for the past year. Results may have been more profound if more sales were included, however there is some external evidence to support our findings. Other research has found that temperature and weather affect people differently depending on what type of weather they prefer. (Klimstraet al, 2011) This could mean that the effects are balanced out in an auction environment since a number of people with different weather personalities would be present each Saturday. 
Research has also shown that whilst men responded to unexpected weather by changing their plans, women tended to stick to their plans even if they did so disgruntled. In other words, weather may affect mood but this does not necessarily change someone’s behaviour. (Connolly, 2008)
Conclusion
Our results show that there is a small chance that temperature may influence auction sale prices in inner Melbourne. A weak positive correlation was found in our comparative analysis of monthly average temperatures and property prices.
When these results were tested using a hedonic regression model, no statistically significant result was found between temperature and property price. Results could become more significant with a larger sample size.
While you might spend hours trying to choose the right weekend of the year to put your house up for auction, it seems you might not need to worry so much. The eventual sale price will be largely unaffected by temperature. Rain or shine, those who are really interested in buying your home will still show up and place their bids. On the other hand, if you are in the market to buy a house, don’t expect to find a bargain simply because the weather is bad. Other buyers who are just as savvy will also be undeterred by bad weather to find the right home. 
Traditionally, August is a very important month for Melbourne property. It’s the prime season for many vendors to scrutinise results to guide their decision making around a potential sale. With interest rates low and pressure to sell minimal, conditions need to be strong to encourage vendors to throw their hat in the ring and go to market.
Overall, results for prime property passed the test with many precedent-creating sales occurring. However, auction clearances started to trend downwards, perhaps a reflection of the larger volume of stock on offer. 
The big challenge that remains is the uncertain global conditions. The Australian sharemarket recorded its worst month since the financial crisis of 2008, falling in the order of ten percent. The sharemarket is a reminder that assets can drop in value very quickly should valuations become too far stretched from historical levels. Whether equity or property, in today's market conditions one needs to be very careful around valuations, and operate on a margin of safety in case of sudden changes that occur within a chosen asset class. Our concern is that, of recent nose-bleed auction results, some of these properties could be worth far less in a year's time should the Australian economy falter, or the availability of cheap and easy credit starts to become scarce.
The Australian Prudential Regulation Authority (APRA) which oversees banks and credit unions has recently enforced tighter lending standards for investors, which is starting to have a flow-on impact on the market. We are noticing that investors, who operate with a slight delay from their pre- approval assurances, are starting to down-gear their budgets to accommodate these changes. The Spring market will be challenged with investors winding back their bidding limits. The countering force to this is to be expected with further demand coming from international buyers, especially those from China.
The other worry at the moment is the dwindling strength of the Chinese economy. The sharemarket has collapsed with a sharp correction, resulting in large losses for many investors. The weakening Chinese sharemarket conditions may actually continue to drive Melbourne and Sydney markets higher as nervous investors from China seek a safer place to park funds.
In terms of sale performance for the month, houses in the inner suburbs were the best performing according to Secret Agent's research, with houses in Brunswick, Brunswick East and Northcote on the boom list. In August 2015, houses and townhouse prices in the inner North were 20% higher in real terms than in August 2014. This is a remarkable change within a 12 month period.
However, the rate of price growth is slowing, which suggests that our market is peaking. Townhouses have started to show a general decline in price with exceptions within certain pockets of Melbourne. Apartments are faltering, with Brunswick, Kensington, Flemington, North Melbourne, Port Melbourne, Prahran, Southbank and Travancore in recession, with two consecutive quarters of falling values.
While we are still witnessing record prices paid, our data suggests that conditions are slowing and its effects may be felt more deeply in the later half of spring. 
<a href="/images/2015/09/04/Screen%20Shot%202015-09-04%20at%2010.59.44%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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Quarterly Scorecard JUN, JUL &amp; AUG 2015 
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The Secret Agent report is authored by Jodie Walker, Richard Rossman and Ken Premtic. They can be contacted <a href="https://secretagent.com.au" target="_blank">here</a>. 
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The impact of spring weather on Melbourne auctions: Secret Agent

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Aspiring NFL San Francisco 49ers star Jarryd Hayne has sold his first Sydney home purchase as he chases his American dream.
The former Parramatta fullback Hayne, who shocked the rugby league world with his decision to quit the NRL late last year, secured $995,000 in the recent sale.
It was 2007 when the then NSW State of Origin initiate bought the $527,500 St Peters terrace from recruitment industry operative Rob James. 
At the time of his purchase, the 19-year-old winger was the second youngest footballer to wear the NSW jumper. 
Set on 122 square metres in the inner west suburb, <a href="https://www.realestate.com.au/property-terrace-nsw-st+peters-119768175" target="_blank">the house has three bedrooms and one bathroom</a>.  
House prices in St Peters had a $475,000 median that year, property researchers CoreLogic RP Data noted, with it now sitting at say.
Situated minutes to Sydenham and St Peter's Station, the two storey 1900 Sutherland Street terrace was marketed as in need of some TLC.
"A must to inspect as this Must Be Sold!" was advised by the Ray White listing agent Anthony Roumanous.
Hayne, who played 176 games for Parramatta, has keenly, but quietly pursued a property portfolio. He purchased an investment terrace in Darlinghurst costing $1.5 million and spent $1.1 million in Paddington, both in 2013. There was also an earlier Umina home purchase for his mother.
This month he established a company, JH38 Holdings, which incorporates the number of his now-famous 38 jersey for the San Francisco 49ers, moving to trademark his own name for a wide range of consumer goods — including clothing, sporting goods, toys, games, luggage, umbrellas and wallets.
Hayne, after watching NFL games live in 2013, became convinced he could make it as a punt returner.
"When I watched the game so close and I saw the return backs, that is what really pushed me to say, hang on a minute, some of these guys can't even make five or 10 yards. I am sure I can make more than that," Hayne told Triple M before he departed late last year.
"I think anyone who has been over to America knows what America is like; they think there is no one who can be greater than them. That is part of the challenge as well. For an Aussie to come from Down Under, people are going to question my ability, my talent and my strength, but I have been questioning it for 12 months. I have already had that argument with myself."
This article was first published in the Sunday Telegraph.
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Jarryd Hayne's St Peters, Sydney terrace sale

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A historic Windsor post office conversion has been listed for sale in Victoria.
The <a href="https://www.realestateview.com.au/Real-Estate/level-2-153-level-2-153-albert-street-windsor/Property-Details-buy-residential-9354538" target="_blank">2/153 Albert Street</a> property has been listed with $1.8 million hopes through Emma Bloom at Kay &amp; Burton.
The 1900s property was engineered by Sir John Monash. 
The two-storey warehouse conversion, with eight metre high ceilings, has Monash's signature exposed metal trusses.
With original Jarrah floorboards and sky-high metal French doors opening to the streetscape where mail and money was winched up into the safety of vaults.
The kitchen has benchtops made from the original roof timber.
The two bedroom, two bathroom apartment has a terrace with an outdoor shower with plenty of natural light.
It last traded six years ago when Uschi Schwartz, a fashion designer saw the potential of the then photographic studio.
The property, close to Chapel Street's cafes, St Kilda Beach, is scheduled for September 12 auction.
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Historic John Monash Windsor post office conversion listed

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The valuation firm Herron Todd White has issued its latest property clock for houses - a simple broad brush means to suggest where property markets are - and what direction prices are moving in.
The valuation firm has included capital and regional cities on the property clock for house price direction.
<a href="/images/2015/09/03/Screen%20Shot%202015-09-03%20at%2010.05.13%20AM.png" target="_blank">Click here</a> to enlarge.
For more information, <a href="https://www.htw.com.au" target="_blank">click here</a>.
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Sydney, Perth, Gippsland houses at peak pricing in September HTW property clock

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There was just the one bid for 14 St Georges Court Toorak, which sold last weekend for $5.5 million plus. 
The <a href="https://www.realestate.com.au/property-house-vic-toorak-120386821" target="_blank">14 St Georges Court, Toorak </a>was offered through Kay &amp; Burton at $4.6 million plus.
Auctioneer Gerald Delany had a hand in the sale for the fourth time over the past three decades.
The auction opened with a $4.8 million vendor bid for the four-bedroom home with wall of Manchurian pears.
The European villa attracted a sole $4.85 million bid which saw it passed in.
It last sold in 2002 at $2,615,000. Before that at $2.1 million in 2001, then $1,245,000 in 1991 and $236,000 in 1980.
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One bid St Georges Court, Toorak sale

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The music mogul who discovered some of Australia's biggest contemporary acts, Stephen Pavlovic has bullishly sold his Bondi Beach home.
The former Sydney PR queen Sophie Landa has emerged as the buyer of the single storey cottage on the 420 sqm Ramsgate Avenue block, just 20 metres to the sand and surf across Campbell Parade.
Legal paperwork solved the mystery after the reputed $4.9 million pre-auction sale.
It was marketed as <a href="https://www.ppdre.com.au/buying/NSW/Eastern-Suburbs/Bondi-Beach/House/1P1214" target="_blank">the ultimate beachfront opportunity</a>.
"Designer interiors capture the essence of barefoot glamour with an intimate connection with its seaside setting achieved through an organic palette, pared-back interiors and a sunny garden paradise devoted to entertaining and relaxation," was the successful marketing pitch by the Phillips Pantzer Donnelley agency.
Pavlovic's Modular Recordings music label promoted some of coolest bands to come out of Australasia, including Sneaky Sound System, the Avalanches, Wolfmother, the Presets and Tame Impala.
Pavlovic recently quit the company he founded 18 years ago having lost a four day NSW Supreme Court dispute with Universal Music.
Levitt Robinson, Pavlovic's lawyer in the recent royalties dispute, has also taken a caveat on the property title pursuant to legal fees. 
Heiress Sophie Landa is the the daughter of the late NSW attorney-general Paul Landa and his arts patron wife Anne
The 34-year-old funds an arts prize in her mother's honour.
The freestanding classic double-brick home, one of the closest to Bondi's world-famous surf, last sold at $2.12 million in 2005.
It was marketed as in a tightly held setting at the fashionable north end of the beach, opposite the North Bondi Surf Life Saving Club.
This article was first published in the Sunday Daily Telegraph.
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Music mogul Stephen Pavlovic secures $4.9 million single storey Bondi Beach sale

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A circular Glenelg penthouse with 360 degree views has been listed with price expectations between $1.95 million to $2.145 million.
With 360-degree views over the beach, the <a href="https://www.realestate.com.au/property-apartment-sa-glenelg-119374915" target="_blank" style="line-height: 1.3em;">84/760 Anzac Highway</a> property is 49 sqm and has been listed through Tim and Megan Thredgold at Toop &amp; Toop Real Estate.
The penthouse was last renovated in 2003, winning the Award of Merit at the Architecture Awards.
Designed by Stafford Architects, it was built by the Mossip Group with interior design by Maria Gianquitto.
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