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

<html><body>
A retail and commercial property is on the market in Richmond with expectations higher than $850,000.  
The 200 square metre single level property on 335 Swan Street is within three kilometres of the Melbourne CBD.
The property will be auctioned on Wednesday, September 2 at 1pm onsite. 
Teska Carson's Anthony Choi said the location benefits from amenities in close proximity including excellent public transport, recreational facilities and major arterial routes.
 
</body></html>

jonathanchancellor-7SQnKwU6yx

Swan Street, Richmond retail property on the auction block

<html><body>
In February the Reserve Bank Governor Glen Stevens admitted concern over the Sydney property, with expectations that the median house price ‘may hit $1 million’ by the end of the year. We all know that prediction has already been realised and last week Sydney’s median house price just crept past the $1,000,000 mark.
Since February there has also been an ongoing discussion about the impact of investors on the marketing. Investors have been very active buyers and this shows up in the demand for finance with investors active across the established and new home market, and also buying new apartments off the plan. Among these buyers there are big numbers of SMSF.
With investors being seen as dominant in the market there are now strong concerns being expressed that they are in part (along with offshore buyers) shutting out first home buyers, and with the advantage of very low interest rates possibly over-heating the market. So much so now that the banks and banking regulators have started to make it more difficult for property investors (and it must be said for offshore buyers) by taking a number of steps. These include higher interest rates and bigger deposits for investors and a restriction of loan funds that the banks allocate to this sector of the market.
Taken as a package these measures look like a strong reaction aimed at investors. In accessing if these steps are warranted or not, I think we should firstly remember that property investors have always been an important part of the market, and that they are a very diverse group. This is not a sector dominated by the ‘rich and famous’.
Are Restriction Really Necessary?
Now that some investors will face additional hurdles I think we need to ask if this group is simply an easy target and will, for instance, the measures announced do anything to directly help first time buyers. This sort of direct intervention into the market is rare and there’s little doubt that it’s driven by the idea that the Sydney market and parts of Melbourne in particular, may be overheating.
However just targeting investors in isolation looks puzzling. Mainly I suggest from the point of view that this is as mentioned earlier it’s a very diverse group. Low interest rates and the search for yield are two factors and the flow of SMSF investment I think is also very much tied up in the continued debate over superannuation.
For this group property has always had special appeal because it’s seen as a stable and long-term investment. SMSF already have to comply with a lot of tough rules when they invest in property and so such investments do not really strike me as speculative, in fact just the opposite.
Are such targeted changes really well founded, because from a financial view point I find myself asking why is one dollar of investment better than or worse than another?
I would think that most investors are more than capable of paying their obligations than an owner-occupier when someone else is after all usually paying the rent. Historically it has always been rents and tenants demand that has acted to temper investor demand.
Prior to some of the banks last week lifting interest rates for investors, there was already evidence that increased supply of new apartments was starting to slow down rental growth, a trend that I had noted earlier [see posts June 17th-19th] when looking at 2-3 year rental market trends as reflected in figures from the NSW Rental Bond Board.
And so given the very wide range of factors at work in the property market there is I feel, a need to question why are the regulators and banks are interfering with market process in one very select area.
Appreciating that there are tighter controls also now being focussed on some offshore buyers both measures look like high profile and doubtless popular measures among some sections of the community.
However if the aim is partly to give FHB an improved chance to enter the market, then I suggest that direct action should be taken to approve more land release, ease some rules around apartments, like lifting height restrictions along with much more effort to deliver infrastructure.
While above all, the tax burden, both direct and indirect on homebuyers, should also be addressed as readily as other financial measures now aimed at investors.
This coming at a time when the suggestion of a higher GST would further disadvantage first time buyers without really substantial changes to crippling stamp duty which now stands at $40,523 in NSW on the median house price of $1,000,616. The really horrific fact is that the rates have not been reviewed since December 1986 when the median Sydney house price was $98,325 and this is despite price creeping or the recent price explosion, a fact that is simply a disgrace and shows government’s addiction to property related tax revenue. For any sort of reform this does make investors, and offshore investors look easy targets.
Peter Chittenden is managing director for residential of Colliers International. He can be contacted <a href="https://www.projectagenda.com.au/" target="_blank">here</a>.
</body></html>

pchittenden-eLqUUC8TWW

Throwing brick bats at investors: Peter Chittenden

<html><body>
Saturday was the horse's birthday. 
Our resident horse checked out six suitable equestrian property offerings.
<a href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-razorback-120081721" target="_blank">230 Donalds Range Road Razorback NSW 2571</a>
Offers Over $1,620,000, but recently under contract.
"With ten paddocks supported and enforced by post and rail fencing, I can roam around the 5.56 acre country estate with ease and comfort while you enjoy the amazing scenery of Razorback Mountain. I'm also able to settle in at the various stables available on site, complete with a round yard and vet crush. The property has everything I could need! And everything you need to!"
 
<a href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-tennyson-120116921" target="_blank">394 Tennyson Road Tennyson NSW 2754</a>
Guide over $1,250,000
"I'd love to hang up my saddle at the beautiful Tennyson estate. Immediately greeted by beautiful landscaped gardens and a tree lined driveway, 394 Tennyson Road holds the equestrian facilities that every horse dreams about. With quality fencing to make sure I feel secure, custom designed horse yards and paddocks to graze in and a wash bay to clean myself off, this is the ideal place to settle down and enjoy the sights and sounds of the country. It even has 6 separate horse walker facilities and a specialised swimming area for horses to train and exercise, an amazing inclusion for the thoroughbreds among us."
 
<a href="https://www.realestate.com.au/property-lifestyle-nsw-berridale-7735703" target="_blank">Kosciuszko Road Berridale NSW 2628</a>
$287,000
"Only a short gallop away from the state of the art equestrian facility in the region "JE Resort", this 382 acre property has spectacular views that can be appreciated by both man and animal alike. This is the perfect Snowy Mountains getaway resort locale where I can graze to my heart's content and the natural layers of woodlands make me feel right at home. We can all go for a trail ride through the mountains, enjoying the beauty of rural NSW and also make use of the resort's lessons, clinics and indulgences."
 
<a href="https://www.realestate.com.au/property-house-sa-glengowrie-120092973" target="_blank">90A Morphett Road, Glengowrie SA 5044</a>
$1m - $1.1m
"The professional equestrian facility is part of South Australian racing royalty and it could be the perfect home for the  both of us. Metres away from the 3 bedroom, 3 bathroom residence is the state's finest training stables fully outfitted with both the necessities I need and the luxuries I desire. The well maintained complex comfortably holds up to 20 of us, complete with a feeding shed and silo, tack room and workshop. To top it off, the prime location is right by the Morphettville Racecourse , an institution for thoroughbred racing in SA and an instantly recognisable landmark in the racing community. This is the training property we need if we're serious about the racing game."
 
<a href="https://www.realestate.com.au/property-other-qld-vale+view-7754645" target="_blank">44 Berry Road, Vale View QLD 4352</a>
At Auction
" 15.86 acres of pure equestrian delight. The new stable complex at the residence consists of 3 large housing areas to keep us content. Each stable holds individual passages to the day yards and an even larger day yard adjacent for some proper exercise. The stables also have a built in feed and tack room that doubles as a storage bay for the riding equipment and gear. The dressage arena was also professionally designed and constructed with a horse enthusiast in mind, emphasising the property was created for a professional rider and to make sure us horses were spoiled rotten! We can be the envy of your equestrian associates and it's perfect for regular personal use and event preparation and training."  
 
<a href="https://www.realestate.com.au/property-house-vic-lara-120060853" target="_blank">75 Minyip Road Lara Vic 3212</a>
$589,000-$619,000
"This lifestyle house is all about looking after all members of the family... including the ones on four legs. Well established for horses, the property houses eight paddocks, one of which is currently being used as a grass arena for us to stretch our legs comfortably. The machinery shed features 3 stables and plenty of room for our food and hay. It also has an extensive tack room for our equipment as well as a designated feeding area with power and water available for use. The property is a minutes drive from the Elcho equestrian centre and a very easy commute into the city, so we're essentially surrounded by the conveniences we'd both like!
</body></html>

po-LsXgBTHBmX

Equestrian properties that horses would neigh for

<html><body><div class="page" title="Page 10">
<div class="section">
<div class="layoutArea">
<div class="column">
 
Young professionals and students are driving the North Melbourne rental market, with neighbourhood factories and warehouse apartment conversions close to the CBD, markets and universities highly sought after.
Two bedroom apartments can be found at the upper end of $400,000, according to the Herron Todd White July 2015 Month in Review, which also found house and land around Bundoora, the location of RMIT and La Trove University, of note.
Affordable house and land in outer Melbourne suburbs Point Cook, Truganina, Tarneit and Williams Landing continue to drive demand, with potential investors looking to buy three to four bedroom homes under $500,000. 
The Alamanda and Sanctuary Lakes Point Cook estates have seen sales of four bedders on roughly 450 square metres sell from $450,000 to $550,000.
 
</div>
</div>
</div>
</div></body></html>

mick.cee-iDmgDDAmu8

North Melbourne, Bundoora, Point Cook property of note: HTW

<html><body>
Yields of between 5.85% and 8.2% have been paid over the past year for Perth industrial property, according to recent Savills International research.
<a href="https://www.savills.com.au/research/australian-research/industrial-market.aspx" target="_blank">Savills Industrial Market Reports</a> provide an overview including tables and charts on infrastructure, leasing demand, sales activity and outlook.
Prime Perth rental net face range between $85 sq m to $110 sqm.  
<a href="/images/2015/07/15/savills_charts.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/15/savills_charts.jpg" alt="">
</body></html>

jchancellor-FAypfDUnLy

Perth industrial property yields from 5.85%: Savills

<html><body>
The small Victorian town of St Andrews, 36 kilometres north-east of Melbourne, has been identified as the second richest postcode in Australia.
According to figures released by the Australian Tax Office (ATO), residents in postcode 3761 earned more than those in all other postcodes but one, Sydney's 2027. The Sydney suburbs housing Australia's top earners – Darling Point, Edgecliff, Point Piper and HMAS Rushcutters – are no surprise. The area is home to some of Australia's richest individuals, and most expensive properties.
But after a 300% increase in earnings in the last year, St Andrews has joined the ranks of Australia's richest, with an average annual taxable income of $148,967. The top Sydney postcode of 2027 has an average annual income of $177,514. The result makes St Andrews the suburb with the highest average earnings of anywhere in Victoria, over Toorak and Hawksburn ($142,000), and Portsea ($138,800).
It is unclear what is responsible for St Andrews' recent income boost, but with just 655 residents (compared to 5,980 in postcode 2027 or 6,945 in Bellevue Hill), a big increase in a single family or individual's income over the year could have distorted the average figure.
Certainly, the St Andrews' properties currently on offer aren't approaching prices as high as those in Sydney's Bellevue Hill, Victoria's Toorak or Western Australia's Cottesloe, which all had lower average annual earnings.
One of the most expensive homes currently on offer in St Andrews is at <a href="https://www.realestate.com.au/property-house-vic-st+andrews-118105735" target="_blank">40 Charlber Lane</a> (pictured above), listed with a price guide of $1.95 million to $2.2 million.
The 20 acre property has a four bedroom house with travertine marble floors, under-floor hydronic heating, and a kitchen and dining area with 4.5 metre ceilings. Too few properties sold in recent months to calculate an accurate median price for the area.
Real estate agent Ian McDougall of Mason White McDougall Hurstbridge <a href="https://www.3aw.com.au/news/st-andrews-tops-the-list-as-victorias-wealthiest-suburb-20150428-1mvmhf" target="_blank">told 3AW this morning</a> that most homes in the area sell for between $500,000 and $1.2 million. He said the most expensive house he's sold in the area was for $2.5 million.
The top 10 highest earners list:
<img src="/images/2015/04/29/Picture%2064.png" alt="">
Source: ATO
</body></html>

jrichardson-uRX5hFdKfN

St Andrews surprises as second on ATO's country's highest earners list

<html><body>
When looking for an affordable purchase, many prospective buyers find themselves forced to look further out from the inner city.
CoreLogic RP Data has gathered the cheapest five suburbs within 10 kilometres of the capital city CBDs, for both house and unit markets.
The expensiveness of Sydney's suburbs is immediately apparent, with an almost $700,000 difference between the median price of its cheapest inner city suburb for houses, Turrella, and that of Hobart's cheapest inner city suburb, Clarendon Vale. In Sydney, all the cheapest suburbs for houses were close to the airport, south of the city. The unit market was more varied.
<img src="/images/2015/04/23/core-april-23-one.jpg" alt="">
<img src="/images/2015/04/23/core-april-23-two.jpg" alt="">
Source: CoreLogic RP Data
CoreLogic RP Data research Cameron Kusher noted that units are cheaper than houses in all the most affordable inner-city markets.
"In the more expensive cities such as Sydney, Melbourne, Darwin and Canberra it has become difficult to secure houses close to the city at relatively affordable prices," said Kusher.
"Given buyers are willing to pay an entry level premium – we anticipate this trend will continue over the coming years."
Kusher attributed high inner-city prices to better infrastructure and amenity, including hospitals, schools, transport and retail centres.
"Furthermore, the better schools are often also located around the inner city suburbs. As a result, demand for housing in these areas is typically much higher resulting in the cost also being higher," said Kusher.
Bellfield, in Melbourne's north, is the cheapest suburb for houses, with a median price of $582,573. The renovated brick home below, at <a href="https://www.realestateview.com.au/Real-Estate/38-wimpole-crescent-bellfield/Property-Details-buy-residential-8635282" target="_blank">38 Wimpole Crescent, Bellfield</a> (pictured below), sold in December for $506,000, after being listed with a price guide of $620,000.
The two bedroom house sits on a 605 square metre plot.
<img src="/images/2015/04/23/bellfield%20april%2023%20one.jpg" alt="">
The cheapest inner-city unit market in Australia is unsurprisingly located in Hobart. Glenorchy, which is north of the CBD, has a median unit price of just $199,303.
<a href="https://www.realestate.com.au/property-unit-tas-glenorchy-118154447" target="_blank">1/13 Sunlea Place in Glenorchy</a> (pictured below), a two bedroom unit, sold for $190,000 in December.
<img src="/images/2015/04/23/glenorchy%20april%2023%20one.jpg" alt="">
Earlier this year, it was advertised to rent at $270 per week. If the vendors secured a tenant at that price, the property would be yielding 7.4%.
Note: This article originally mistakenly referred to 38 Wimpole Crescent as 38 O'Keefe Street. The error has now been amended.
</body></html>

Not much under $250,000 in Australia's most affordable mainland inner city suburbs: CoreLogic RP Data

<html><body>
Estate agents face being classified as a designated service under Australia's anti-money laundering and counter terrorism financing laws (AML/CTF).
The extension of the AML/CTF laws to real estate agents, jewellers, lawyers and accountants was suspended in 2008 because of the stresses of the financial crisis.
The federal Attorney-General's department has told the Australian Financial Review the current statutory review of the AML/CTF regime will take into account the outcomes of the fourth-round mutual evaluation of Australia's AML/CTF regime by the Financial Action Task Force, the international body responsible for AML/CTF standards.
"Seven years later, there is a booming property market, partly fuelled by foreign investment," the Australian Financial Review Chanticleer columnist Tony Boyd told his readers.
"Real estate agents would be pushing the limits of credibility if they claimed they were under the same stress as 2008.
"The review provides an opportunity to critically examine the operation of the regime, consider issues raised by relevant stakeholders and determine whether any enhancements are required," the AG's department said.
The main obligations under the AML/CTF Act are: customer identification and verification, reporting, AML/CTF programs and record-keeping.
</body></html>

Estate agents face anti-money laundering regulations

<html><body>
The determination by the NSW Land and Environment Court about minimum apartment sizes has created industry confusion, says the Urban Taskforce.
“The Land and Environment court has determined that a table of nine apartment types takes precedence over a ‘rule of thumb’ in the Residential Flat Design Code,” says Urban Taskforce CEO, Chris Johnson.
 “But the NSW Government issued a draft Apartment Design Guide in September 2014 that defined minimum apartment sizes in accordance with the earlier ‘rules of thumb’.”
“While the court may well be deciding on a technical interpretation in the current Residential Flat Design Code it is clear that the Government supports the ‘rule of thumb’ in the proposed replacement document.”
The Taskforce wants the new Minister for Planning, Rob Stokes to clarify the matter saying NSW now has planning legislation being redefined by "court decisions to the detriment of those looking to buy a new dwelling.”
“Some councils have argued for larger apartment sizes than the Government’s minimums and included these in their Development Control Plans. 
"All this does is increase the cost of apartments by up to $200,000 in some areas. 
"Sydney is already one of the most expensive cities in the world for housing and the NSW Government must do all it can to minimise costs. 
"One way to do this is to ensure that all councils conform to the same minimum apartment sizes.”
“The state’s planning system was going to be reformed four years ago but it became too difficult to achieve this."
“The Urban Taskforce believes the new Minister for Planning has an opportunity to begin sorting out the states complex planning system by clarifying the legal interpretation of minimum apartment sizes before Sydney’s 41 separate councils start setting their own standards now that the rules seem to have been changed by the court.”
</body></html>

Botany apartment size court decision needs ministerial intervention: Urban Taskforce

<html><body>
The consumer watchdog proceedings in the Federal Court against best-selling property investment author Rick Otton and his business We Buy Houses for alleged breaches of the Australian Consumer Law has had its initial directions hearing.
Otton is the author of How to Buy a House for a Dollar. 
The Australian Competition and Consumer Commission (ACCC) is seeking declarations, pecuniary penalties, permanent injunctions, corrective advertising and costs against We Buy Houses and Otton. The ACCC is also seeking a disqualification order against Otton.
The ACCC claims Otton made representations to consumers that by attending seminars and boot camps they would be able to buy a house for $1, buy a house using little or none of their own money and build property portfolios without their own money invested and without new bank loans.
The seminars and boot camps range in cost from $2,997 to $17,000 for a mentoring program. 
The ACCC claims the strategies do not enable consumers to buy a house for $1 but rather involve consumers acting as middlemen to facilitate property transactions between third party sellers and third party buyers.
Otton had provided a statement defending his business and book.
“It seems that the ACCC thinks that the public are fools, that they will take the title literally and think that they only need a dollar to buy a house,” he said.
“It’s a sad day when the ACCC thinks the Australian public is that foolish that they don’t understand that the dollar is just the start of the process.”
ACCC chairman Rod Sims said in a statement that the watchdog is concerned the strategies promoted by We Buy Houses and Otton “target vulnerable consumers who don’t qualify for bank loans or who are having difficulties meeting their mortgage repayments”.
Otton came under scrutiny in 2013 <a href="/news/wa/best-selling-property-investment-authors-wa-seminars-banned-department-of-commerce">when his seminars in Western Australia were banned by the Department of Commerce</a> on the basis of misleading advertising. 
The matter is listed for a case management hearing on 26 May.
</body></html>

Property News

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Property News

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News