Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Property News

<html><body>
The NSW government has ensured that Stanely Ho, the father of James Packer’s Macau casino business partner, does not get involved in the Sydney casino project.
Casino legend Stanley Ho, known as 'the king of gambling', is one of Asia’s wealthiest individuals.
His son Lawrence is James Packer’s business partner in their Macau casino in the Melco Crown Entertainment.
The previously secret conditions, revealed this week in the NSW Parliament, restrict Crown Resorts’ junket operations between Crown and Stanley Ho and his associates.
"Crown will ensure that it prevents any new business activities or transactions of a material nature between Stanley Huang Sun Ho or a Stanley Ho Associate and Crown, any of Crown’s officers, directors or employees or any Crown Subsidiary."
The News Ltd report says it also prevents Stanley Ho from buying any part of Crown or holding any position with Crown, and Crown has to undertake regular searches to make sure he or his associates have not bought shares in the company.
The secret conditions of Crown’s Sydney casino licence were revealed only after a battle for their release by the NSW Greens MLC John Kaye.
Stanley Ho has had links to Sydney in the past, developing the Kirribilli Grande with the Waterhouse bookmaking family on the harbour front in the 1990s.  
Meanwhile the daughter of Stanley Ho, Pansy Ho says tax rules will determine future Chinese investment into Australia.
Speaking at the G20 Summit in Brisbane on Thursday, Ms Ho said Chinese customers would be tough to predict for Australian casino interests wanting to cash in on Chinese tourism.
Ms Ho warned the two proponents of Brisbane’s next casino project to be careful about trying to predict what Chinese customers want.
James Packer’s Crown Resorts has teamed up with up with Chinese property developer Greenland Holdings Group while Echo Entertainment Group has teamed up with Chinese property developers Chow Tai Fook and Far East Consortium.
Their proposals are currently with the Newman government.
“We tried to predict what Chinese customers are going to be like but you can never think you can know them enough simply because its a very big country and they are going through a very quick learning curve,” Ms Ho said.
Ms Ho said the perception of investing in Australia was still very positive.
“I have not yet had the pleasure of doing direct investments in Australia but I have been sharing with other speakers about how Australia is a relatively friendly and open investment environment,” the Australian Financial Review reported.
</body></html>

jchancellor-FAypfDUnLy

Stanley Ho locked out of Sydney's Barangaroo casino operations

<html><body>
"All these computers and digital gadgets are no good. They just fill your head with numbers and that can't be good for you," said the artist formerly and once again known as Prince.<a href="https://www.brainyquote.com/quotes/authors/p/prince" title="view author" style="line-height: 1.3em;"> </a>
And while the 'Purple One' sure knows how to play funky guitar, his estimation of numerical knowledge by digital distribution is questionable.
Here are but a few of the numbers rumbling through property investor zeitgeist this week.
<ul>
<li>28%</li>
</ul>
<a href="/news/qld/miles-queensland-the-limping-surat-basin-hotspot"><img src="/images/2014/11/13/miles-nov-13-breakout.jpg" alt="Miles, Queensland: The limping Surat Basin hotspot"></a>
Photo of Miles main street courtesy of <a href="https://commons.wikimedia.org/wiki/User:Mattinbgn" title="User:Mattinbgn">Mattinbgn</a>/<a class="mw-mmv-license cc-license" href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/3.0" target="_blank">CC BY-SA 3.0</a>.
Miles, in the Surat Basin Western Downs area of Queensland, is the state's highest yielding suburb, according to RP Data.
But does the <a href="/news/qld/miles-queensland-the-limping-surat-basin-hotspot">11.17% yield figure really stack up?</a>
Over the past year, Miles' median price movement has dropped 8.16%. But that's not the scary figure for anyone considering investing in the regional mining town.
Miles has a vacancy rate of 28%, according to SQM Research. Enough to deter any investor thinking it could represent a sure-fire cash flow hit.
 
<ul>
<li>$450 million</li>
</ul>
<a href="/expert-insights/investing/sydney-hilton-for-sale-with-price-expectations-in-excess-of-450-million"><img src="/images/2014/11/12/hilton-nov-12-breakout.jpg" alt="Sydney Hilton for sale with price expectations in excess of $450 million"></a>
The newly refurbished <a href="/expert-insights/investing/sydney-hilton-for-sale-with-price-expectations-in-excess-of-450-million">Sydney Hilton Hotel is set to hit the market</a>. With offshore investors circling, price expectations for the 579-room hotel are well over $450 million.
<a href="/expert-insights/investing/sydney-hilton-for-sale-with-price-expectations-in-excess-of-450-million"> </a>
<ul>
<li>10.35%</li>
</ul>
<a href="/news/qld/can-you-really-get-a-double-digit-rental-return-in-queenslands-mount-morgan"><img src="/images/2014/11/12/mouhnt-morgan-nov-12-breakout.jpg" alt="Can you really get a double-digit rental return in Queensland's Mount Morgan?"></a>
With a yield of 10.35%, according to RP Data, Queensland's Mount Morgan appears to offer be an attractive target for investors. 
But is this yield really achievable? 
Property Observer crunched the numbers and found that in this small town, <a href="https://propertyobserver.com.au/finding/location/qld/37719-can-you-really-get-a-double-digit-rental-return-in-queensland-s-mount-morgan" target="_blank">not everything is quite as it appears...</a>
 
<ul>
<li>14%</li>
</ul>
<a href="/expert-insights/add-14-to-sydney-spring-auction-price-guidance-intelligent-property-services"><img src="/images/3_StockBreakouts/housing-always-up-july-4.jpg" alt="Add 14% to Sydney spring auction price guidance: Intelligent Property Services"></a>
Like the strange smell at the back of my fridge, the issue of underquoting just doesn't seem to go away.
Intelligent Property Services' Ramon Mitchell browsed a selection of Sydney auction results throughout the month of October to find that the selling price is, on average, <a href="/expert-insights/add-14-to-sydney-spring-auction-price-guidance-intelligent-property-services">14% higher than the initial price guidance</a>.
One Newtown property sold for nearly a quarter more than its guidance, while a Homebush house fetched $950,000 more than its guide.
 
<ul>
<li>17</li>
</ul>
<a href="/news/firb-issued-just-17-divestment-orders-to-foreign-buyers-over-past-decade"><img src="/images/3_StockBreakouts/china-keys1-breakout-new.jpg" alt="FIRB issued just 17 divestment orders to foreign buyers over past decade"></a>
According to evidence presented to The House of Representatives economics committee’s inquiry into foreign investment in residential real estate, since 2003, the Foriegn Investment Review Board has issued <a href="/news/firb-issued-just-17-divestment-orders-to-foreign-buyers-over-past-decade">just 17 divestment orders to foreign buyers</a>.
In this time period they have also failed to prosecute a single matter for illegally acquiring property in Australia.
The inquiry heard evidence that the current laws are routinely flouted, with foreigners happy to take the risk of not being caught.
 
<ul>
<li>$136 million</li>
</ul>
<h3><a href="/expert-insights/investing/victorian-politicians-136-million-of-property-what-hope-is-there-of-housing-policy-reform"><img src="/images/2014/11/10/melbourne-aerial-nov-10-breakout.jpg" alt="Victorian politicians' $136 million of property: What hope is there of housing policy reform?"></a></h3>
In the leadup to the Victorian state election there are few issues that unite the jostling parties. But it appears property investment may be one of them.
With Victoria's pollies owning an <a href="https://propertyobserver.us2.list-manage1.com/track/click?u=24bd0766a834290948593f5aa&amp;id=a919f349b0&amp;e=035e81ff9a" target="_blank">estimated $136 million of property between them</a>, three academics asked the question: What hope does Victoria have of meaningful housing policy reform?
 
<ul>
<li>64,000</li>
</ul>
<h3 class="timeline-header"><a href="/news/vic/over-64-000-melbourne-properties-sit-vacant-prosper-australia"><img src="/images/2014/11/13/docklands-nov-13-breakout.jpg" alt="Over 64,000 Melbourne properties sit vacant: Propser Australia"></a></h3>
According to a new report from Prosper Australia, authored by Property Observer's regular columnist Catherine Cashmore,<a href="/news/vic/over-64-000-melbourne-properties-sit-vacant-prosper-australia"> there are over 64,000 vacant properties throughout Melbourne</a>.
According to the report, the Docklands area has the highest proportion of properties that are likely to be vacant based on water consumption.
 
<ul>
<li>$1 million plus</li>
</ul>
<a href="/news/nsw/sydney-s-median-asking-price-tips-over-1-million-mark-sqm-research"><img src="/images/3_StockBreakouts/sydney-aeiral-sept-10-breakout.jpg" alt="Sydney’s median asking price tips over $1 million mark: SQM Research"></a>
Earlier this week, <a href="https://propertyobserver.us2.list-manage.com/track/click?u=24bd0766a834290948593f5aa&amp;id=7b7e17db65&amp;e=035e81ff9a" target="_blank">Sydney’s median asking price tipped over the $1 million mark</a>, according to SQM Research.
The research house said that it is impossible to purchase a freestanding house in Sydney’s inner ring for less than seven figures.
 
<ul>
<li>$25,000</li>
</ul>
<a href="/news/wa/busselton-the-market-leader-in-regional-western-australia"><img src="/images/2014/11/11/busselton-nov-11-breakout.jpg" alt="Busselton the market leader in regional Western Australia"></a>
Picture courtesy of  <a href="https://commons.wikimedia.org/wiki/User:Gobeirne" target="_blank" title="User:Gobeirne">Greg O'Beirne</a>/<a class="mw-mmv-license cc-license" href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by/2.5" target="_blank">CC BY 2.5</a>.
<a href="/news/wa/busselton-the-market-leader-in-regional-western-australia">Busselton was Western Australia's top performing regional market</a> over the past 12 months, according to REIWA.
Over this time period, 500 house sales lifted the area's median house price $25,000 to $450,000.
Earlier this week, Terry Ryder explained why he had tipped the town to take off in 2014 and which of the western state's markets to approach more cautiously. 
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The top property investment numbers of the week

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Christine Lagarde flirted with the idea of buying a holiday bolthole in Sydney on her last trip to Australia
But the Washington-based managing director of the International Monetary Fund was in for a shock.
“It’s very expensive,” she said in an interview to the Australian Financial Review's John Kehoe on the eve of her arrival for the G20 summit in Brisbane.
Lagarde is paid a tax-free salary of US$467,940 (A$537,572). Sadly she wasn't pressed on just where she looked. Perhaps opposite the Opera House given her younger brother, Olivier Lalouette, is a well regarded baritone singer in Europe. 
She was been to Australia three times this year, in Sydney in early 2014 for a G-20 Meeting of Finance Ministers and Central Bank Governors.
She was in Cairns too, swimming at Ellis Beach.
The former antitrust and labour lawyer, and former Finance Minister of France during Nicolas Sarkozy’s term as President, and represented the working class 12th Arrondissement voters in Paris. She was raised in the 9th Arrondissement.
She was ranked the fifth most powerful woman in the world by Forbes magazine earlier this year.
Her partner Xavier Giocanti heads <a href="https://www.resiliance.net" target="_blank">Resilance</a>, a Marseille based property investment company, and they are known to occasionally holiday at Corsica.
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IMF's Christine Lagarde says Sydney property is "very expensive"

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Yesterday, the Australian Bureau of Statistics (ABS) reported 1% price growth for Melbourne houses in the September quarter.
The city, like every other Australian capital, saw price growth well below Sydney's 2.7% quarterly result.
<a href="https://www.propertyobserver.com.au/https://twitter.com/DocAndrewWilson/status/531978251669741568" target="_blank"><img src="/images/2014/11/12/tweet-nov-12-one.png" alt=""></a>
Andrew Wilson, senior economist at the Domain Group, noted the ABS' September quarter figure was relatively close to his organisation's estimates.
Fellow data house RP Data recorded a steeper price increase for the same period, reporting a <a href="/expert-insights/investing/sydney-house-prices-streak-ahead-in-september-quarter-rp-data">1.8% price increase</a> for Melbourne houses earlier this month. 
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Tweet of the day: No boomtime result for Melbourne's September quarter

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Is social media the next marketing channel for properties?
Last week, Property Observer reported that an apartment was sold by Raine &amp; Horne Terrigal/Avoca after a buyer saw the property on the <a href="/news/like-social-media-marketing-secures-sale">agency's Facebook page</a>.
After making contact via Facebook, the buyer then met with the agents and negotiated a purchase. The agency continues to garner interests via the <a href="https://www.facebook.com/raineandhorne" target="_blank">page</a>.
<img src="/images/2014/11/12/Picture%204.png" alt="">
Selling agent Cameron Clayton said e-mail was now considered "old fashioned", with buyers preferring "faster, more contemporary platforms such as Facebook".
It seems many agencies agree, using Facebook and Twitter to market their sales listings.
Melbourne agency Marshall White frequently posts its listings on <a href="https://www.facebook.com/MarshallWhiteRE/timeline" target="_blank">Facebook</a>, averaging a post every week day. The company has 8,746 "likes" on its page, with plenty of interaction between the agency, property fans and potential buyers taking place.
<img src="/images/2014/11/12/Picture%203.png" alt="">
A listing may attract as many as 60 odd likes – increasing the chance it will appear on the news feeds of buyers who don't subscribe to Marshall White's updates or spend their time scouring listing websites.
<img src="/images/2014/11/12/Picture%202.png" alt="">
Marshall White also frequently creates unique websites for the properties it is marketing – for example, 373 Howe Parade, Port Melbourne's listing is at the relatively easy-to-remember <a href="https://373howeparade-portmelbourne.com">www.373howeparade-portmelbourne.com</a>.
The company and many others are also active on photo sharing platform Instagram, Pinterest and Twitter. Using the social media platforms allows agencies to increase the number of people exposed to each listing, casting a wider net for buyers than a traditional online listing might do.
The interactive nature of social media also allows agents (or their social media managers) to quickly respond to queries from their followers. However, some take an even more proactive approach, creating unique Twitter handles for properties.
Property Observer's editor at large Jonathan Chancellor once found himself followed on Twitter by a humble weatherboard home, <a href="/news/tweeting-over-the-humble-white-picket-fence-17banksiastreet-highlights-ever-expanding-digital-era">@17BanksiaStreet</a>.
While social media marketing can be a cost effective way of extending the reach of your marketing campaign, its true value is still questionable. Certainly not every Australian has a Twitter account. Twitter says there are <a href="https://www.smartcompany.com.au/technology/social-media/43110-2-8-million-twitter-users-in-australia-but-how-many-are-seeing-the-ads" target="_blank">2.8 million Australian accounts</a>, but the figure doesn't shed any light on how many unique users there are, with some holding multiple accounts (and many accounts unused).
It is harder still to determine whether those viewing the listings posted on social media have any intention of buying a house. When advertising on a listing website, agents have a relatively good idea of who is viewing the listings – generally, people who have searched for properties in that particular area, in that particular price bracket.
While Sean Hutchison's interest in Marshall White's Middle Park listing may be genuine, there will be many others on social media who are interior enthusiasts, buyers in different price brackets or simply uninterested.
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Facebook helped sell this property: Can it work for you?

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Today, Jonathan Shapiera has told the affordable housing inquiry about his life as a person experiencing homelessness.
<img src="/images/2014/11/11/tweet-nov-11-one.jpg" alt=""> Shapiera and several other people in his area who are homeless have made a submission to the Standing Senate Committe on Economics: Affordable Housing Inquiry. In it, he describes living in his car with his son, his employer's lack of understanding and encountering other people without homes experiencing mental health issues.
The submission also raises the lack of available affordable housing in mining areas. 
"Mining areas in Australia are the worst affected when it comes to affordable living conditions. The author relocated to Darwin in November 2011 for employment on the eHealth project after completion of a contract with a company in Brisbane," reads the submission.
"Rentals and sales at the time were at a “practical price” for employed personal. The announcement of the ICTHYS project to Darwin saw rental prices go through the roof. A one bedroom city based flat prior to ICTHYS was listed at $195 per week. After the ICTHYS announcement it went to $385 per week. The benefit of mining to the country has a hazardous effect to local residents."
The South West Australian Homeless People's full submission can be read <a href="https://www.centrecare.com.au/resources/latest-news-documents/South%20West%20Australia%20Homeless%20People.pdf" target="_blank">here</a>.
Western Australian Labor Senator Sue Lines, who is at the affordable housing inquiry, tweeted a picture of Jonathan Shapiera speaking at the inquiry today.
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Tweet of the day: Jonathan Shapiera at the affordable housing inquiry

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A Clontarf beach-front home was the most expensive sold in Australia last week, according to RP Data. The mid-century house (pictured in the gallery above) sold for $4,875,000, changing hands for the first time in 60 years.
Second on RP Data's list was a Bellevue Hill home, which secured $4.61 million. Once again Sydney homes dominated the top-end sales, with just one appearance each from Victoria, Queensland and Western Australia.
RP Data's top 10 sales for the week ending Sunday 9 November: 
<a href="https://www.realestate.com.au/property-house-nsw-clontarf-118133639" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">29 Monash Crescent, Clontarf, NSW</a> <img src="/images/2014/11/11/1.jpg" alt="">
The Clontarf house was sold through Belle Property. With direct access to the beach through the back gate, the home has a full panoramic view of the harbour through full height picture windows and sliding doors, which open to the back terrace. The terrace has a separate undercover entertaining area.
The home has four bedrooms and three original bathrooms, with a "retro-style" kitchen.
<a href="https://www.realestateview.com.au/Real-Estate/29-bulkara-road-bellevue-hill/Property-Details-buy-residential-7682968" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;">29 Bulkara Road, Bellevue Hill, NSW</a> <img src="/images/2014/11/11/2.jpg" alt=""> A five bedroom, six bathroom house in Bellevue Hill sold for $4.61 million last week through Laing + Simmons Double Bay. The main house, with multiple entertaining terraces, shares the 892 square metre plot with a free standing pool house.
According to the listing information, there is scope for a future second floor renovation on the home. The sellers bought it for $3 million in 2009.
<a href="https://www.realestate.com.au/property-house-qld-yeronga-118120535" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">365 Brisbane Corso, Yeronga, Qld</a>
 <img src="/images/2014/11/11/3.jpg" alt="">
The only Queensland home to make it to this week's top 10, this Yeronga house sold for $4.38 million through Place Graceville.
Constructed by the TAK Group in 2008, the three level home sits on a 916 square metre riverfront site, with 800 square metres of internal floor space. Materials used in the house include natural stone and polished timber. There is a pool along the side of the home's raised second level, with a spout pouring water from the wall of the house's third floor.
Although it was one of Australia's most expensives homes sold this week, the vendors still made a loss on 365 Brisbane Corso. They paid $5 million for the residence in 2009.
<a href="https://www.realestate.com.au/property-house-nsw-mosman-118107239" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">14 Euryalus Street, Mosman, NSW</a> <img src="/images/2014/11/11/4.jpg" alt="">
A Mosman home designed by French born Sydney architect Guy de Compiegne sold for $4.15 million through LJ Hooker Mosman. Compiegne has spoken before about the changing nature of entertaining spaces in homes – this one, with its large marble kitchen island and open plan living area, seems to align with his ideas about high visibility, theatrical entertaining.
Many of the north-facing house's rooms offer panoramic views of Middle Harbour, and the home has a nine metre pool. 
<a href="https://www.realestateview.com.au/Real-Estate/11-ruby-street-mosman/Property-Details-buy-residential-7752208" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">11 Ruby Street, Mosman, NSW</a> <img src="/images/2014/11/11/5.jpg" alt="">
The second Mosman home on this week's top 10 list sold for $3,971,000 at auction through Shead Property Chatswood. The sale marks the first time the circa 1907 house has changed hands in 70 years.
With a view of the city skyline, the Opera House and the Harbour Bridge, the house is set high on its 835 square metre plot. It has four bedrooms. The home features stained glass bay windows, fireplaces in the formal lounge and dining room, a cellar and a workshop.
Article continues on the next page. Please click below.
<a href="https://www.realestateview.com.au/Real-Estate/9-cole-street-hawthorn-east/Property-Details-buy-residential-7737540" target="_blank"></a>
<hr class="system-pagebreak">
<a href="https://www.realestateview.com.au/Real-Estate/9-cole-street-hawthorn-east/Property-Details-buy-residential-7737540" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">9 Cole Street, Hawthorn East, Vic</a> <img src="/images/2014/11/11/6.jpg" alt="">
This Hawthorn East home with a faux Parisian façade sold for $3.8 million through Hocking Stuart Balwyn. The interior is as ornate as the exterior, with European Oak parquetry throughout, New York marble used in the kitchen and fireplaces and a calacatta marble en suite for the master bedroom.
There are five bedrooms and four bathrooms in home, with an entertaining area, kitchen and solar heated pool outside. Vendors purchased the property for $1.65 million mid-last year before building the current residence.
<a href="https://www.realestateview.com.au/Real-Estate/248-marine-parade-cottesloe/Property-Details-buy-residential-6714305" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">248 Marine Parade, Cottesloe, WA</a> <img src="/images/2014/11/11/7.jpg" alt="">
The only West Australian home to appear on this week's top 10 is a $3.7 million Cottesloe home. The four bedroom, three bathroom house was designed by Perth architect Gary Banham.
After 268 days on the market, the home with ocean views was sold through Mack Hall Real Estate.
<a href="https://www.realestate.com.au/property-house-nsw-strathfield-118149319" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;">81 Homebush Road, Strathfield, NSW</a> <img src="/images/2014/11/11/8.jpg" alt="">
This three level heritage home sold at auction through Richard Matthew Real Estate Strathfield, who boast the $3,601,000 price was $451,000 over reserve.
The eight bedroom, five bathroom house is set over five levels on a 1,808 square metre parcel. It features formal and informal living spaces, wraparound balconies, marble fireplaces, lead lights and a separate one bedroom apartment.
<a href="https://www.realestateview.com.au/Real-Estate/12-hall-street-brighton/Property-Details-buy-residential-7733080" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;">12 Hall Street, Brighton, Vic</a> <img src="/images/2014/11/11/9.jpg" alt=""> A triple storey Georgian inspired home sold for $3,515,000 through Greg Hocking Real Estate St Kilda. The five bedroom, three bathroom Brighton house is situated on a 894 square metre plot a house away from the Billilia mansion estate, within walking distance of the William Street Reserve and Church Street.
Herringbone parquetry floors are seen throughout the home's living and entertaining areas, which include a formal lounge and dining room. At the rear, french doors open onto the outdoor entertaining area and gardens.
<a href="https://www.realestate.com.au/property-house-nsw-north+bondi-107613381" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;">71 Hastings Parade, North Bondi, NSW</a> <img src="/images/2014/11/11/10.jpg" alt="">
Raine &amp; Horne Bondi Beach secured $3.13 million for this five bedroom North Bondi house.
The living area of the freestanding home has blackbutt timber floors, with an open flame gas fireplace. Outdoors, there is a deck for entertaining, an outdoor shower and a five metre spa.
Sellers bought the house in April 2012, paying $2.4 million.
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Clontarf waterfront home tops sales: RP Data

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The likely sale valuation of billionaire Harry Triguboff's Meriton Apartments continues to garner interest following confirmation he has been in talks to sell the business to Chinese buyers.
For a long time it was always spoken of as a $6 billion outfit, then a $10 billion price tag <a href="/news/meritons-harry-triguboff-says-10-billion-is-his-asking-price">was recently bandied about by Harry</a>.
However, the Australian Financial Review's Street Talk column suggested an internal Meriton valuation has the company’s assets at about $7.3 billion. 
But they add that advice from Grant Samuel has it closer to the $12 billion based on a multiple of 10 times earnings.
Picture of Harry Triguboff courtesy of Wikimedia Commons.
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Meriton, Harry Triguboff's $12 billion company?

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With manufacturing swiftly moving overseas, renovators are making good use of our empty warehouses.
Here are six of the best warehouse conversions currently on the market, with healthy doses of exposed brick and timber cross beams.
<ol>
<li>
<a href="https://www.realestateview.com.au/Real-Estate/9a-clifton-street-richmond/Property-Details-buy-residential-7870158" target="_blank">9a Clifton Street Richmond Vic 3121</a> <img src="/images/2014/11/10/4.jpg" alt=""> DCM and Rick Bzowy are responsible for the interiors of this three bedroom Richmond warehouse conversion. The former is best known for creating Melbourne landmarks, including the Cheese-sticks, which greet those traveling on the Citylink. The two story home has three bedrooms, two bathrooms and "showroom quality garaging" for six vehicles. It includes hydronic heating, exposed trusses, a commercial grade kitchen and a butler's pantry. The renovated warehouse is listed for auction on 29 November. 
</li>
<li>
<a href="https://www.realestateview.com.au/Real-Estate/30-gibbens-street-camperdown/Property-Details-buy-residential-7861230" target="_blank">30 Gibbens Street Camperdown NSW 2050</a> <img src="/images/2014/11/10/1.jpg" alt="">
While this warehouse's internal sterility unfortunately hides some of its original 1930s materials, it does showcase two other great qualities of warehouse buildings – volume and light. Spaced over three levels, the former print factory has five bedrooms, four bathrooms and multiple living spaces on 720 square metres of internal space.
The home retains its original parquetry, concrete and terrazzo flooring.
Update: 30 Gibbens Street has now been reported as sold.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-darlinghurst-118354219" target="_blank">7/1 Printers Lane Darlinghurst NSW 2010</a> <img src="/images/2014/11/10/2.jpg" alt=""> This apartment is located in another former print factory, Darlinghurst's "The Printery". One of nine apartments, number seven has industrial-inspired interiors and 2.8 metre ceilings.
The interiors feature the building's original exposed brickwork and timber joists, with polished timber floors, while the bedroom appears to have an aged copper feature wall.
The one bedroom apartment will be auctioned on 6 December. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clovelly-118213759" target="_blank"> 1 Greville Street Clovelly NSW 2031</a>
<img src="/images/phocagallery/2014/10/cloveeley-oct-29/clovelley_0000_1.jpg.jpg"> The former stables renovated by television producer turned tourism entrepreneur <a href="/news/henry-crawfords-former-clovelly-conversion-on-the-market">Henry Crawford</a> and his wife Nina Hill are on the market with $3.25 million expectations.
The current owners have decked the four bedroom conversion out with contemporary Australian art, including pieces by David Bromley and Bill Henson. With Asian-inspired interiors, the home features a variety of undisguised materials, including original timber flooring, timber crossbeams and exposed brick walls.
The Stables go to auction on 15 November.
</li>
<li>
<a href="https://www.commercialview.com.au/8-eastern-place-hawthorn-east-vic/commercial-for-sale-details-7831674" target="_blank">8 Eastern Place Hawthorn East Vic 3123</a>
 <img src="/images/2014/11/10/5.jpg" alt="">
Hidden behind a cascading hedge is a mixed-use warehouse conversion with an apartment and studio office with split tenancies. A consulting company occupies the warehouse's lower floor, with the apartment on the upper floor.
The three bedroom apartment has 246 square metres of space, with three bedrooms and three bathrooms set around a central roofed terrace. The offices and residences will be auctioned as one property on Thursday 27 November.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-annandale-118345055" target="_blank">8A Piper Lane Annandale NSW 2038</a> <img src="/images/2014/11/10/6.jpg" alt="">
8 Eastern Place isn't the only warehouse with a folliage festooned façade on the market. This ivy-covered Annandale home is spread over a basement level, a ground floor and a mezzanine.
The basement holds a study and entertainment area, with timber flooring, exposed timber beams and exposed brick walls. Floating stairs take the resident up to the ground floor, where there is a lounge area, dining and kitchen space, an entry foyer and a bathroom.
The bedrooms are situated on the mezzanine level, with the master bedroom opening onto a deck. 8A Piper Lane will be auctioned on November 29.
</li>
</ol>
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The six best warehouse conversions on the market

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A real estate agency has sold a home after the buyer made contact through Facebook.
The apartment in the Scenic Terrigal development was advertised on Raine &amp; Horne Terrigal/Avoca's Facebook page.
According to general manager Brett Hunter, the social media influenced sale was a first for the agency.
"The initial buyer enquiry came through Facebook, with questions answered by us via the social media platform's chat facility. Meetings were booked, prices negotiated and a deal struck for a final purchase price of $810,000," said Hunter.
Selling agent Cameron Clayton also commissioned a website to advertise the development.
"Email is considered old fashioned now, with many buyers and tenants preferring to work with us via faster, more contemporary platforms such as Facebook," Clayton said.
"The sharing of videos through Facebook is also a massive way for us to engage with new buyers," he says.
Videos are increasingly used to market properties, with Marshall White and Century 21 among agents who create video content for listings.
The off the plan apartment sold has three bedrooms, two bathrooms and a two car garage.
 
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