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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Brisbane (5.7%) and Sydney (4.1%) are expected to lead the market for capital growth in capital cities over this year, followed by Melbourne (2.7%), Adelaide (2.1%) and Perth (1.8%).
Then in 2016 the NAB Group Economics forecast Brisbane (3.8%), Sydney (2.3%) and Melbourne (2.3%) to remain the best cities for capital gains in the year to end-2016, with house prices rising by just 2.2% in Adelaide and 1% in Perth. 
The latest NAB report identified 28 suburbs within the capitals that are tipped to enjoy above average capital growth (click on the suburb name below to go to CoreLogic RP Data suburb data page).
No reasons are given for the selection. The forecast comes from a survey questionnaire on the Australian residential market to around 300 industry panellists. 
NEW SOUTH WALES
<ul>
<li><a href="/news">Eastwood</a></li>
<li><a href="/news">Glebe</a></li>
<li><a href="/news">Manly</a></li>
<li><a href="/news">Marrickville</a></li>
<li><a href="/news">Newtown</a></li>
<li><a href="/news">Oran Park</a></li>
<li><a href="/news">Penrith</a></li>
<li><a href="/news">Ryde</a></li>
<li><a href="/news">Surry Hills</a></li>
<li><a href="/news">Sydney</a></li>
</ul>
QUEENSLAND
<ul>
<li><a href="/news">Brisbane</a></li>
<li><a href="/news">Gold Coast</a></li>
<li><a href="/news">New Farm</a></li>
<li><a href="/news">Toowoomba</a></li>
<li><a href="/news">West End</a></li>
</ul>
VICTORIA
<ul>
<li><a href="/news">Essendon</a></li>
<li><a href="/news">Glen Iris</a></li>
<li><a href="/news">Ringwood</a></li>
</ul>
SOUTH AUSTRALIA
<ul>
<li><a href="/news">Mile End</a></li>
<li><a href="/news">Norwood</a></li>
<li><a href="/news">Parkside</a></li>
</ul>
WESTERN AUSTRALIA 
<ul>
<li><a href="/news">Baldivis</a></li>
<li><a href="/news">Belmont</a></li>
<li><a href="/news">Bentley</a></li>
<li><a href="/news">Kelmscott</a></li>
<li><a href="/news">Mandurah</a></li>
<li><a href="/news">Perth</a></li>
<li><a href="/news">Subiaco</a></li>
</ul>
But with more signs emerging that the residential housing market is loosing steam, NAB Economics expects overall average capital city house prices to cool to around 4% over the year to end-2015 and 2% over the year to end-2016.
"Our assessment of the market remains that house price growth will continue to moderate because of rising unemployment, sluggish household income growth, affordability concerns, cost of living pressures and high levels of household debt," the report said.
"We are also forecasting two further interest rates cuts of 25 basic points in March and 25 bps in August 2015 (bringing the official cash rate down to 2%) which should support house prices a little more than previously expected."
The latest report shows the NAB Residential Property Index falling as house price expectations pared back and rents weaken.
The sentiment was softer in all states and still deeply negative in WA. 
Survey highlights:
<ul>
<li>NAB Residential Property Index fell to +12 points in Q4 (+19 in Q3). NSW overtook QLD as strongest state; sentiment notably lower in SA/NT and still deeply negative in WA. QLD and VIC most optimistic looking forward and WA weakest by some margin. 
</li>
<li>Outlook for house prices over next one to two years pared back in all states (NAB also expects price growth to slow). Expectations for rents unchanged, with mildly stronger expectations in VIC and QLD masking softer outlooks in NSW and SA/NT. 
</li>
<li>Foreign buyers in new property markets less active in all states, except VIC where they accounted for 32.5% (or one in three) of all sales - a new high. Around 17% of first home buyers in the new property market were for owner occupation and 8% for investment. 
</li>
<li>Around 53% of foreign purchases were for apartments, 31% for houses and 16% for re-development. By price point, 40% of purchases were between $500,000 to less than $1 million and 29% less than $500k. Around 5% were for premium property ($5 million plus). 
</li>
<li>Housing affordability, construction costs and a lack of development sites seen as the biggest constraints in new housing market, while employment security and price levels the biggest impediment to buying established property. 
</li>
<li>Established property dominated by owner occupiers (42.6%). Local investors account for 22% of total demand, with FHBs (owner occupier) 16.1% with FHBs (investor) 9.3%. Foreign buyers more active (8.7%), led by NSW (11.3%) and VIC .(12.8%). 
</li>
<li>Prospects for capital growth over the next 12 months were pared back at all price ranges in both the established housing and apartment markets in Q4, except for apartments valued between $1-2 million. </li>
</ul>
 
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jchancellor-FAypfDUnLy

The 28 suburbs tipped to enjoy above average 2015 price growth: NAB Economics survey

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Steve Keen, head of economics, politics and history at London’s Kingston University, envisages the RBA making a couple of cuts this year - "and possibly more than that".
"The unemployment in Australia now is the worst it’s been in 10/15 years, and the only thing keeping it up is the housing bubble because that is pumping borrowed money into the economy, people are spending that money, and of course also foreign buyers pumping money and buying real estate," he told Lelde Smits from the <a href="https://www.finnewsnetwork.com.au/archives/finance_news_network108975?utm_source=Finance+News+Network%2C+FNN+Investor.&amp;utm_campaign=d8898229af-FNN_Investor_Daily_Afternoon_21_01_2015&amp;utm_medium=email&amp;utm_term=0_93a5b03408-d8898229af-137686745" target="_blank">Finance News Network</a> .
"Those are really the only two massive inflow sources into the economy. 
"If the housing bubble pops then that inflow also stops and we therefore have a downturn driven by having finally a housing bubble bursting. 
"So those dangers are there, you can see plenty of reasons for the cash flow spigot to be turned off, I can’t see many ways of turning it on anymore."   He would be surprised to see it below the 2%, but wouldn’t be amazed.
He  suggests what he sees as the bubble could keep going, "but what it means is we are more and more fragile on the bubble continuing indefinitely".   Asked for the catalyst for the property bubble to pop, Keen sees two things.
"Partly the economy itself slowing down so much that the negative returns in rental become excessive.
"Those people are having carrying costs and of course passing those carrying costs on to the Australian public through negative gearing, but they none the less have those carrying costs to handle.   "And also, if there is anything going wrong in China.
"Things going wrong in China can go in both directions, we have a serious downturn in China, then it’s quite possible Chinese capital could respond by going offshore and do more buying overseas.
"So a slowdown in China, because it is a speculative slowdown, doesn’t have to mean a slowdown in demand for Australian real estate."
</body></html>

Steve Keen says the Australian property bubble could keep going through 2015

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A Sydney vendor has taken the unusual step of advertising a $1 reserve price ahead of the auction of his Blacktown investment property.
Neil Tyagi claims the $1 reserve is intended to inject some fun back into auctions.
"Buying a property should be fun. I wanted to do something different, and I've never heard of a property setting a $1 reserve. Sydney home buyers attend so many boring textbook auctions. I want the auction of my home to have a lively, exciting atmosphere that everyone will enjoy and remember – not just the lucky buyers on the day," he says.
While many wish to have a lively auction, few resort to such an unusual marketing tactic.
Starr Partners Fairfield will be auctioning the property.
Director Raj Bhandari has faith in the stunt, saying: "With a reserve of just $1, bidding on the day is likely to start out low and pick up quickly."
"We are confident with our marketing and sales strategies and know that there will be plenty of competition on the day to help the vendor achieve an optimum result," he said.
Tyagi purchased the two bedroom <a href="/news">Blacktown</a> home 10 years ago, for $310,000. The area now has a median house price of $580,000, according to RP Data.
<a href="https://www.realestateview.com.au/Real-Estate/230-blacktown-road-blacktown/Property-Details-buy-residential-8224634" target="_blank">230 Blacktown Road</a> has four bedrooms and two bathrooms, with a double garage, and is set on a 571 square metre block.
The property is currently rented at $440 per week.
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jrichardson-uRX5hFdKfN

$1 reserve set for Sydney Valentine's Day investment property auction

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It may have seemed as though property prices were riding a rollercoaster in the past 15 years, but the ride appears to be slowing down.
CoreLogic RP Data's Cameron Kusher tweeted out a series of charts today illustrating the last 15 years' price growth, broken into five year periods.
<a href="https://www.propertyobserver.com.au/https://twitter.com/cmkusher/status/557661250940059649" target="_blank"><img src="/images/2015/01/21/tweet-jan-21-one.jpg" alt=""></a>
The charts show slower growth in the past five years than the five previous in all capital cities but Sydney.
They also illustrate the volatility of some markets, such as Darwin, which recorded 101.3% price growth in the five years to December 2009, with just 4.5% price growth in the past five years.
</body></html>

Tweet of the day: Cameron Kusher on slowing capital city growth

<html><body>
To those business owners who think it's the developer's way or the highway, you might be right.
<a href="https://www.propertyobserver.com.au/https://twitter.com/CityLab/status/557299010458091521" target="_blank"><img src="/images/2015/01/20/tweet-jan-20-one.jpg" alt=""></a> But perhaps the highway isn't so bad after all. Emil Peirnert, the owner of the Kingfish Pub in Oakland California, saw developers eyeing his site for an apartment project.
After attempting to have the 1920s-30s era former bait shop recognised as a landmark last year to prevent its destruction, Peirnert took matters into his own hands, and took the pub on the road. Just 30 metres down the road, but still. The story's been picked up by multiple news outlets, with <a href="https://www.propertyobserver.com.au/https://twitter.com/CityLab/status/557299010458091521" target="_blank">City Lab tweeting a photo</a> (originally posted by Eric Drac Weir on Facebook) of the two hour process.
</body></html>

Tweet of the day: The movable pub

<html><body>
Two beach homes and one bush estate are among the 10 most expensive sales of the week, according to CoreLogic RP Data.
The top end sales were rather subdued last week, with all clearing just $1.58 million. Towards the end of 2014, CoreLogic's top 10 list regularly <a href="/expert-insights/buying/putney-waterfront-heads-corelogic-rp-datas-top-10-sales-of-the-week">bottomed out at $2.3 million</a> or higher, after<a href="/expert-insights/buying/victorian-prestige-homes-dominate-rp-datas-top-10-sales-of-the-week"> spring's highs</a>. 
Last week saw the sale of two Queensland beach homes, costing $2.35 million and $1.92 million.
A home in the 610 person strong town of Razorback in regional New South Wales sold for $1.95 million.
The top 10 sales of the week ending 18 January:
<a href="https://www.domain.com.au/property/sold/house/nsw/blakehurst/?adid=2011655254" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">6 Taunton Street Blakehurst, New South Wales</a>
<img src="/images/2015/01/20/1.jpg" alt="">
A six year old <a href="/news">Blakehurst </a>home topped this week's sales. Buyers paid $2.38 million for the house, sold through Ray White Sylvania Waters.
Set on 700 square metres, the house has five bedrooms, a home office, gas fireplaces, and a central courtyard. Set on 697 square metres, it comes with a 17 metre saltwater pool.
The vendors paid $1.8 million for the property in May 2010.
<a href="https://www.realestateview.com.au/Real-Estate/enterprise-street-sunshine-beach/Property-Details-sold-residential-7065513" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">28 Enterprise Street, Sunshine Beach, Queensland</a>
<img src="/images/2015/01/20/2.jpg" alt="">
This five bedroom house sold for $2.35 million through Richardson &amp; Wrench Noosa.
The <a href="/news">Sunshine Beach</a> home on a 511 square metre sloping allotment was designed by retired architect Jill Campbell, and has a series of split levels. The house includes a poolside guest suite with a living room, bathroom and stone top bar.
The vendors made a loss on the sale, after paying $2,575,000 in February 2005.
<a href="https://www.realestateview.com.au/Real-Estate/grandview-grove-seaforth/Property-Details-sold-residential-7818482" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">25 Grandview Grove, Seaforth, New South Wales</a>
<img src="/images/2015/01/20/3.jpg" alt="">
Buyers paid $2,335,000 for this <a href="/news">Seaforth </a>home, sold through LJ Hooker Seaforth. The house has open plan living areas, with outdoor entertaining areas covered by a Vergola sunroof. The home comes with a customised Sonos and Bose sound system.
The vendors paid $1.27 million for the property in March 2007.
<a href="https://www.realestate.com.au/property-house-vic-glen+waverley-118506567" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">46 Myers Avenue, Glen Waverley, Victoria</a>
<img src="/images/2015/01/20/4.jpg" alt="">
A four bedroom house on a 733 square metre plot sold for $2.1 million through JY Property Surrey Hills.
The listing information noted the home lived in the (much sought-after) <a href="/news">Glen Waverley </a>Secondary College, and is within walking distance of Wesley College.
<a href="https://www.realestateview.com.au/Real-Estate/2-crawford-creek-place-razorback/Property-Details-buy-residential-7448319" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">2 Crawford Creek Place, Razorback, New South Wales</a>
<img src="/images/2015/01/20/5.jpg" alt="">
This week's prestige bush offering is located in <a href="/news">Razorback</a>, in the Macarthur region.
The 4,046 square metre holding has a five bedroom house, featuring brush box timber flooring and 10 foot high ceilings. The property includes a pool with a pool house and gymnasium.
The vendors bought the Bazdaric for $690,000 in May 2008, building the current house just five years ago.
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<a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-118801667" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">16 Sunbrite Avenue, Mermaid Beach, Queensland</a>
<img src="/images/2015/01/20/6.jpg" alt="">
The second beach offering on last week's top 10 was sold for $1.92 million through Harcourts Coastal.
The four bedroom "warehouse style" <a href="/news">Mermaid Beach</a> house has polished concrete floors on the bottom level and timber wall paneling, with paneled VJ ceilings. North-facing, the house has a covered barbecue deck and pool.
The sellers bought the property with its former house just a year and a half ago, for $775,00.
<a href="https://www.realestate.com.au/property-house-nsw-croydon-118788215" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">30 Murray Street, Croydon, New South Wales</a>
<img src="/images/2015/01/20/7.jpg" alt="">
A Federation home in <a href="/news">Croydon </a>sold for $1.75 million through McGrath Inner West Concord. The four bedroom, on bathroom house is situated on a 570 square metre corner plot. Period features include pressed metal ceilings and original timber floorboards, and a traditional wraparound verandah.
The vendors held the property for 30 years, having purchased it for just $136,000 in December 1984.
<a href="https://www.realestate.com.au/property-house-nsw-miranda-118421555" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">42 Matson Crescent, Miranda, New South Wales</a>
 <img src="/images/2015/01/20/7.jpg" alt="">
Another property held for 30 years, this waterfront house was purchased by the vendors in 1984 for $215,000. Last week, it was sold through McGrath Cronulla for $1.68 million.
The three bedroom <a href="/news">Miranda</a> house comes with a converted boathouse with a deck, and has boating facilities including a slipway, jetty and pontoon.
<a href="https://www.realestate.com.au/property-house-qld-hawthorne-118189331" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">12 Katoomba Avenue, Hawthorne, Queensland</a>
 <img src="/images/2015/01/20/9.jpg" alt="">
A renovated Queenslander on an 810 square metre block was sold for $1.64 million through McGrath Bulimba.
The <a href="/news">Hawthorne</a> house, described in the listing as being "of historical significance", has four bedrooms and four bathrooms, and overlooks its pool at the rear. A gazebo, a poolside bathroom and a children's playground accompany the pool.
The sellers paid $1,445,000 for the house in August 2009.
<a href="https://www.realestate.com.au/property-house-nsw-yowie+bay-118562467" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">10 Maroopna Road, Yowie Bay, New South Wales</a>
<img src="/images/2015/01/20/10.jpg" alt=""> 
Buyers paid $1.58 million for a full brick waterfront home in <a href="/news">Yowie Bay</a>, sold htorugh Newton Real Estate Caringbah. The three storey house shares a 986 square metre plot with an in-ground pool, jetty and pontoon.
The price of the property has tripled in the 20 years it was owned by the vendors. They paid $525,000 for the home in 1995.
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Beach and bush offerings make week’s top 10 sales: CoreLogic

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The 11th annual Demographia survey analysed 378 property markets in nine countries.
The survey found that <a href="/expert-insights/investing/only-hong-kong-and-vancouver-dearer-than-sydneys-severely-unaffordable-housing-11th-demographia-2015-survey">Sydney is the third most unaffordable major property market</a>, falling behind only Hong Kong and Vancouver.
It looked at 51 Australian towns from Adelaide to Wollongong.
The full list of Australian markets surveyed in the <a href="https://www.demographia.com/dhi.pdf" target="_blank">Demographia International Affordability Survey</a>:
<img src="/images/2015/01/20/demographia-jan-20-one.jpg" alt="">
<img src="/images/2015/01/20/demographia-jan-20-two.jpg" alt="">
Source: Demographia
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The full affordability list from Adelaide to Wollongong: Demographia 2015

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The price growth for Australian houses will slow in 2015 to about 4%, Fitch Ratings has forecast.
Its Global Housing and Mortgage Outlook says an “affordability ceiling”, plus a potential interest rate rise in the medium term, will moderate the recent price growth.
Perth prices will not move, but prices in Sydney and Melbourne are forecast to rise between 3% and 4%.
House prices in Australian cities rose 8.9% in the 12 months to October 2014, it noted.
"However, the rate of growth has been slowing since it peaked at 11.5% in April," the report added.
 Price growth has been driven by continued record low interest rates and increasing investor demand in the Sydney and Melbourne markets. Annual growth rates to date have reflected a two- tiered market with the prices in Australia’s two largest cities outstripping other capital cities’ growth. 
Fitch expects that house price growth will moderate to around 4% in Sydney and Melbourne as rental yields become compressed and the prospect of further capital growth lessens. 
"Perth prices (3.4% annual) are expected to flatten as mining investment slows and prices in the other capital cities are expected to continue to grow at a moderate pace."
Fitch Australia’s managing director of structured finance, Ben McCarthy, said housing affordability had reached its peak in Australia.
“People just can’t afford to pay much more for housing,” he told the Australian Financial Review.
“At 4% growth, prices will still rise higher than people’s incomes.”
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Capital cities which have experienced strong house price growth in the past 24 months (Sydney 26.2%, Melbourne 17.4%) will continue to experience affordability pressure, he noted in the report.
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Australian property is among the most expensive in the world on almost all metrics, the report says.
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Housing debt as a percentage of disposable income was 137% in 2Q14, which has been increasing steadily from 130% since 2Q12. 
Fitch expects lending net volumes to continue to grow as house prices increase at a moderate pace. Investment loan approvals are expected to continue to represent 50% of new lending (excluding. refinance loans) as investors compete with owner occupiers. 
Existing borrowers are expected to be cautious with higher-than-average household savings being maintained. 
It noted mortgage prepayments have been gradually increasing since the market low of 17.2% observed in March 2011 to 21.3% as at June 2014, according to the Fitch Dinkum Prime RMBS CPR. 
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Nothing for Perth, but Fitch sees 4% price growth for Australia houses in 2015

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ANZ chief economist Warren Hogan has joined the ranks of economists and industry figures predicting that the Reserve Bank will cut interest rates next month.
<a href="https://www.propertyobserver.com.au/https://twitter.com/anz_warrenhogan/status/555516365717524480" target="_blank"><img src="/images/2015/01/15/tweet-jan-15-one.jpg" alt=""></a> While Hogan imagines the overnight cash rate will drop by 50 basis points, from its record low 2.50% to 2.0%, Westpac's <a href="/expert-insights/finance/westpacs-bill-evans-still-expects-february-and-march-rba-rate-cuts">chief economist Bill Evans</a> is tipping a 25 basis point cut.
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Tweet of the day: ANZ's Warren Hogan's predicts a February rate cut

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The 407 hectare land sale at Gillman Supreme Court decision has seen the Urban Development Institute of Australia (UDIA) reiterating their hopes for the use of guidelines when selling government assets, including land.
They note that they never had a concern in regards to the buyer of the land in Gilman in 2013, however had voiced their concerns about the process early after the sale of the industrial land.
UDIA (SA)’s executive director Terry Walsh said that they were the first organization to call for an inquiry into the method of sale.
“The UDIA has been a strong proponent for use of guidelines for the process of selling government assets, including land via unsolicited bids,” said Walsh.
“At the end of the day, it’s all about fairness to prospective buyers, and more importantly, about fairness to South Australian taxpayers as owners of the land.”
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