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

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Treasurer Joe Hockey has hosed down talk of a bubble in Australia's property market, and it seems that on this issue, economist Stephen Koukoulas agrees.
Following Reserve Bank (RBA) governor Glenn Steven's comments in the RBA's September minutes that "housing prices had been rising at a rapid pace" in the June quarter, <a href="https://www.propertyobserver.com.au/https://twitter.com/TheKouk/status/511974321451855872" target="_blank">Koukoulas</a> has taken to Twitter to note that house price growth has in fact been slowing in recent months.
<img src="/images/2014/09/17/kouk%20grab.jpg" alt=""> On Tuesday, <a href="/news/joe-hockey-dubs-housing-bubble-claims-as-lazy-analysis">Hockey dismissed housing bubble speculation</a> as "lazy analysis", while the <a href="/expert-insights/finance/10-things-to-know-about-september-s-rba-meeting-minutes">RBA's September minutes</a> detail their concerns over "speculative demand", which could "amplify the property price cycle and increase the potential for property prices to fall later."
Koukoulas has come down on Hockey's side, tweeting a link to a blog post titled "Hockey is right; and the growth in house prices is falling".
You can read Koukoulas' full blog post <a href="https://thekouk.com/blog/hockey-is-right-and-the-growth-in-house-prices-is-falling#.VBjc1IWM54t" target="_blank">here</a>.
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jrichardson-uRX5hFdKfN

The Kouk on slowing price growth: Tweet of the day

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On tonight's episode of Location Location Location Australia, buyer's agents Veronica Morgan and Bryce Holdaway will assist two sets of buyers who are keen to move onwards and upwards.
Bryce is coupled with petrophysicist Jane and her partner, self-identified geek and IT professional Brian. The pair, who live in Perth's Kensington and Bentley respectively, are hoping to move in together.
They're looking for a big house, so they can both have their own independent spaces - especially since Jane is neat and tidy while Brian describes himself as a hoarder.
The couple have a wide range of locations in mind, and are looking for something to the north, east or south of Perth. The house itself should have three or more bedrooms, a games room for Brian, be located close to the city and require no renovations. They have a $1.2 million budget to work with.
Veronica is teaming up with personal assistant Suzie and her daughter Kate. Suzie is keen to move from Sydney's Rozelle to New South Wale's North Coast. Now that Kate's off to university, Suzie would like to move to Mullumbimby, where she's holidayed.
But the pair are after more than just a holiday house. They're after enough land to set up an animal sanctuary and run a vegan bed and breakfast. Suzie's keeping her business plans flexible and says that she buys "with her heart".
Both Veronica and Bryce will be tasked with helping their two sets of buyers solidify their rather uncertain plans and find new homes.
Location Location Location Australia airs on the Lifestyle Channel tonight at 8:30pm.
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Location Location Location preview: Uncertain upgraders

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A contemporary four bedroom house in Brighton East was the most expensive sale of last week, according to RP Data.
The home at 13 Edro Avenue (pictured above), which sold for $3.87 million, was one of only two Victorian offering to make it to RP Data's list of the top 10 capital city sales of the week. The remaining sales were all in Sydney.
RP Data's top 10 sales of the week:
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-vic-brighton+east-117733755" target="_blank">13 Edro Avenue, Brighton East, Vic  </a> Last week's most expensive house, which sold through Hocking Stuart Brighton, comes with a self cleaning pool and outdoor kitchen. The internal marble kitchen includes a butler's pantry, and looks out over one of three living spaces in the home. The house includes a drying room, hydronic heating, automatic blinds, and a large study or fifth bedroom. Vendors purchased the land for $1,402,000 in April 2009, later building the new home on the plot.  </li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-cabarita-116630479" target="_blank">53 Dorking Road, Cabarita, NSW </a> <img src="/images/2014/09/16/2.jpg" alt=""> This waterfront home sold for $3.8 million through Raine &amp; Horne Montano. The 1990s build replicates late 1800s architectural features, with tessellated tiles, ceiling roses and deep skirting boards. The house, which sits on a 1,016 square metre waterfront parcel, has six bedrooms and four bathrooms. The vendors bought the plot for $600,000 in 1990. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-castlecrag-117747079" target="_blank">13 The High Tor, Castlecrag, NSW</a> <img src="/images/2014/09/16/3.jpg" alt=""> A five bedroom house sold prior to auction for $3,335,000 through Chadwick Real Estate Turramurra. The home, situated on an elevated plot, offers views across Middle Harbour. It features multiple formal and casual living and dining areas, double bedrooms, a CaesarStone kitchen and an outdoor pool. The vendors purchased the house in 2007 for $3,000,000. They have attempted to sell it multiple times - once in February 2010 and again in 2011, pulling it off the market after 334 days. It sold last week after 293 days on the market. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-117662979" target="_blank">3 Farnell Street, Hunters Hill, NSW</a> <img src="/images/2014/09/16/4.jpg" alt=""> A Philip Lance designed home in Hunters Hill sold for $3.25 million through McGrath Hunters Hill. The five bedroom, five bathroom home includes a covered entertaining terrace with a built in barbecue and an outdoor pool. Two of the home's bedrooms have balconies. The house also comes with triple basement parking. The sellers bought the home for $1.3 million four years ago. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-paddington-117671911" target="_blank">284 Moore Park Road, Paddington, NSW</a> <img src="/images/2014/09/16/6.jpg" alt=""> Paddington's very own Addams Family House sold for $3,082,000 million last week. Verulam was sold through Raine &amp; Horne Double Bay. The house, offered for the <a href="/expert-insights/buying/addams-family-style-paddington-house-sold-at-3-082-000">first time since the 1920s</a>, came with a $2.5 million price guide. The Queen-Anne styled three level Federation house sits on a 393 square metre dual access block. 
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-sydney-117405027" target="_blank">5605/393 Pitt Street, Sydney, NSW</a> <img src="/images/2014/09/16/7.jpg" alt=""> The 46th storey penthouse at the north east corner of Sydney's Horden Towers sold for $3.08 million through House 18. It includes four king sized bedrooms, two with en suites, an open plan living and dining area and an enclosed kitchen. The two level penthouse comes with access to the complex's 25 metre pool, spa, sauna and gym. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.mortonandmorton.com.au/11175363" target="_blank">B902/24 Point Street, Pyrmont, NSW</a> <img src="/images/2014/09/16/8.jpg" alt=""> A three bedroom apartment sold for $3.0 million through Morton &amp; Morton Pyrmont last week. The penthouse, spread over 265 square metres, has uninterrupted views over the harbour to the bridge and Sydney's skyline. The apartment comes with a private barbecue terrace, multiple balconies, carpeting throughout and a master bedroom with a dual walk in robe. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-117705239" target="_blank">9 Rosslyn Street, Bellevue Hill, NSW</a> <img src="/images/2014/09/16/9.jpg" alt=""> BrafieldCleary Double Bay sold this five bedroom house for $2.98 million. The attached home includes a fireplace, a north facing living and dining area, solar heated pool and a climate controlled cellar. It sits on a 338 square metre block. The vendors purchased the home 14 years ago for $1,725,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-south+yarra-117731159" target="_blank">38 Davis Avenue, South Yarra, Vic</a> <img src="/images/2014/09/16/10.jpg" alt=""> The second Melbourne home on this week's top 10 list, this house sold for $2,955,000 million through Kay &amp; Burton South Yarra. The single storey Victorian residence sits on a 561 square metre plot, with a rear garage and studio. The four bedroom house features Baltic floors, marble fireplace mantles, ceiling roses and decorative cornices. The sellers owned the house for 13 years, purchasing it for $1.38 million in January 2002. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-dural-117766239" target="_blank">3 Vineys Road, Dural, NSW</a> <img src="/images/2014/09/16/10.jpg" alt=""> McGrath Estate Agents sold a four bedroom, four bathroom Dural house for $2.95 million last week. The house, sitting on a corner 4,047 square metre block, features multiple interior living spaces, three of which open onto outdoor entertaining areas. The property includes a pool, paved entertaining spaces and gardens landscaped by Rolling Stones Landscapes. The home was purchased by the vendors for $2 million in May 2008.</li>
</ol>
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Brighton East home tops last week's sales: RP Data 

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Australia has been ranked second in the world in the Bank for International Settlement’s latest index of global housing prices, <a href="https://www.smh.com.au/business/the-economy/australias-house-prices-secondhighest-in-world-bis-20140915-10gybt" target="_blank">reports Fairfax</a>.
The BIS index, which compares house prices against income and rent, found Australia to be the second most expensive market, behind Norway and followed by Great Britain and Sweden.
BIS nominated a number of countries in which there “could be a reason to expect a price correction in the future”, including Australia, as their current property prices in relation to rents are much higher than the historical averages.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
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Australian housing second most expensive in the world

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The Reserve Bank of Australia board member John Edwards says the rapid rise in Australian house prices won’t continue indefinitely.
“It is not anything approaching a crisis,” John Edwards told the Wall Street Journal, adding housing credit growth, high household debt and weak income growth would tame prices.
But Edwards said it was “not obvious how far this can run” and the RBA would continue to monitor house price movements.
His comments follow repeated warnings from Reserve Bank governor Glenn Stevens about the surging property market.
You might also want to read:
<a href="/expert-insights/for-my-next-trick-the-great-property-bubble-illusion">For my next trick: The great property 'bubble' illusion</a>
No housing bubble: The big bank economists' conclusion
<a href="/expert-insights/buying/how-can-investors-cope-with-a-property-bubble-q-a-with-philip-soos">How can investors cope with a property bubble? Q&amp;A with Philip Soos</a>
 
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RBA's John Edwards can't see rising dwelling price crisis

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A home in Sydney's west will be built, furnished and auctioned for the first ever Build for a Cure event, held by the Children's Cancer Institute.
The home will get some input from The Block host Scott Cam and 2012 winners Brad and Lara Cranfield, with reality television regular Damien Cooley auctioning the home. Proceeds from the sale will be used by the Children's Cancer Institute to fund medical research in the search for a cure for childhood cancers.
The four bedroom, two bathroom home, donated by McDonald Jones Homes, is being built in partnership with Austral Bricks. The Wearn Brothers group has donated a 500 square metre plot of land in Glenmore Park for the project.
Real estate agency PRDnationwide Penrith is donating all real estate services for the project. Principal Darren Latty said the agency was initially approached by the Wearn Brothers Group for advice on selling the home upon completion.
"Our Team has close connections with the local community making the decision to be involved an absolute pleasure," said Latty.
"Not only have we donated all our services for free, we have also approached our media partners to cover all advertising and marketing costs, and arranged for the auctioneer to donate his services," he said.
The Block's Brad and Lara will be working with stylist Jason Grant to furnish the home, using products donated by Freedom, Electrolux and Panasonic.
The Children's Cancer Institute conducts research to find a cure for childhood cancers and to improve current treatments, working to reduce harm from long term side-effects. It is currently working on a personalised cancer treatment program for high-risk children which is set to impact cancer care in paediatric hospitals throughout the country.
The institute is Australia's only independent medical research institute in Australia entirely dedicated to childhood cancers.
You can donate to the Build for a Cure project <a href="https://www.buildforacure.org.au" target="_blank">here</a>.
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Real estate agents, charities and The Block stars team up for Build for a Cure

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Simon Property Group chairman David Simon appears to have ruled out any tilt at Westfield Corporation.
David Simon took the opportunity at the Barclays Global Financial Services Conference in New York on Tuesday.
He ruled out any Australian investment several times.
“There is no deal, and the press has upgraded my plane,” he said in reference to reports about a Gulfstream G500 seen at Mascot.
The Australian Financial Review property editor Robert Harley has noted those comments do not exclude a tilt at Westfield Corporation, which controls flagship malls and development opportunities in the United States, Britain and Europe.
"Many analysts saw the restructure as a first step in a long-term succession plan by the Lowy family to exit its high-profile role in both the listed trusts, now Scentre Group in Australia and Westfield Corporation," Harley wrote adding Simon was a logical buyer for Westfield Corporation. 
Harley senses the Lowy family are not thinking about an exit at the moment.
Simon's comments also seem to scotch other speculation that Simon Property Group could pursue the $6.4 billion CFS Retail in a deal which could involve the Melbourne billionaire John Gandel.
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Gulfstream G500 at Mascot not David Simon's! And Westfield not on his shopping list

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<h1> </h1>
<img src="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/58495/width668/838s2szm-1410216648.png" alt="">
<img src="https://counter.theconversation.edu.au/content/31345/count.gif" alt="The Conversation" width="1" height="1" style="line-height: 1.3em;"> Charis Palmer is deputy business Editor at The Conversation.
Emil Jeyaratnam is multimedia editor at The Conversation.
This article was originally published on <a href="https://theconversation.com" target="_blank" style="font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 1.3em;">The Conversation</a>. 
<h3 class="fn" style="line-height: 1.3em;"> </h3>
<h3 class="fn" style="line-height: 1.3em;"> </h3>
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Seven things keeping house prices high: Infographic

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A Victorian property listing, for 3 Dunbar Street, Hamilton got Property Observer’s attention.
This three bedroom, one bathroom property with tiled roof is <a href="https://www.realestate.com.au/property-house-vic-hamilton-113599031" target="_blank">marketed with an atypical ‘redecorators delight’ headline</a>, being sold “as is” through Lanyon’s Real Estate Hamilton.
However, what is unusual is the blatant honesty about how the property got to its current condition.
The house has been “trashed by some scumbag tenants,” the marketing reads.
“It is a home which has had a second living room added to it, and prior to the aforementioned tenants from hell, this was a delightful little home in a quiet court, very close to the Golf Course,” the listing explains.
It comes with a double garage and is available for $109,000.
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“Trashed by scumbag tenants”: A brutally honest property listing

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A Tudor style bedroom house in Sydney's Bellevue Hill topped RP Data's list of last week's top 10 sales.
Property developer Vera Boyarsky, of Anka Property Group, sold the family home after 15 years of ownership. The business run by Boyarsky and her son, Andrew Boyarsky, are responsible for the $200 million Union Balmain development in Rozelle, and the development of Liberty Grove.
Boyarsky's five bedroom home sold for $8.3 million through Ray White Double Bay - more than double the price of the second most expensive property sale of the week.
RP Data's top 10 sales of last week:
<a href="https://www.raywhite.com/nsw/bellevue-hill/1177444/" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">  48 Kambala Road, Bellevue Hill, NSW</a> (pictured above)
The Boyarsky family residence, with five double bedrooms and five bathrooms, sits on a 923 square metre block in Bellevue Hill. The privately gated property features lawns, a heated swimming pool and a self contained guest house with a sound proof music room.
The main house has marble and timber floors, with formal and informal living and dining areas and substantial basement storage.
<a href="http:/www.barryplant.com.au/property/101360/511-belgrave-hallam-road-lysterfield/" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;"> 511 Belgrave-Hallam Road, Lysterfield, Vic</a>
<img src="/images/2014/09/10/b.jpg" alt="">
A seven bedroom, seven bathroom house in Melbourne's outer suburbs sold for $3.4 million at auction through Barry Plant Rowville. Set on a 23 hectare plot, the sprawling house boasts seven formal and informal living areas and three kitchens.
The property, which the listing information states once belonged to an international diplomat, also features a tennis court, pool, machinery shed, a temple and "the foundations of an 18-hole golf course".
The vendors paid $2.5 million for the home in 2004.
<a href="https://www.realestateview.com.au/Real-Estate/16-somers-avenue-malvern/Property-Details-buy-residential-7489385" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">  16 Somers Avenue, Malvern, Vic</a>
<img src="/images/2014/09/10/malvern_0006_7.jpg.jpg" alt="">
The Malvern home of winemakers Jonathan and Andrea Hamer sold for $3.38 million through Marshall White Armadale this week. Jonathan Hamer paid $625,000 for the 1930s era home in 1991.
The five bedroom, three bathroom house sits on a 1,100 square metre plot. It was passed it at $3.26 million at its weekend auction, and <a href="http:/www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/title-tattle/35375-malvern-trophy-home-sells-post-auction-hamer-s-dutch-gabled" target="_blank">sold after auction</a>.
<a href="https://rwdbgroup.com/nsw/rose-bay/1175816/" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">  49 Dover Road, Rose Bay, NSW</a>
<img src="/images/2014/09/10/sales-sept-10-one.jpg" alt="">
This four bedroom, three bathroom house sold for $3.31 million through Ray White Double Bay. The home, sitting on a 550 square metre block, comes with a solar heated saltwater pool, with lawns and outdoor entertaining areas. The vendors purchased the house for $952,000 in 1998 from David Gazal, an executive director publicly listed apparel company Gazal.
<a href="https://www.realestate.com.au/property-house-vic-malvern+east-117678583" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">  44 Clarence Street, Malvern East, Vic </a>
<img src="/images/2014/09/10/5.jpg" alt="">
Another Malvern home sold by Marshall White Armadale made it onto this week's top 10 list. 44 Clarence Street, a four bedroom, two bathroom home, sold for $3.13 million this week. The house, featuring oak floors, a full marble kitchen with butler’s pantry and gas fireplaces is accompanied by north facing gardens.
This article continues on the next page.
<hr class="system-pagebreak">
 
<a href="https://www.realestateview.com.au/Real-Estate/66-alexandra-avenue-canterbury/Property-Details-buy-residential-7470997" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">  66 Alexandra Avenue, Canterbury, Vic</a>
<img src="/images/2014/09/10/f.jpg" alt="">
This two storey Canterbury home secured $3.02 million when sold htrough Marshall White Hawthorn last week. The home, built in 2004, has five bedrooms and two bathrooms. In addition to the open plan living and kitchen area, there is a separate sitting and dining room with an open fire place.
The vendors purchased the 585 square metre plot in 2003 for $820,000.
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-117660347" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">  24 Rivers Street, Bellevue Hill, NSW</a>
<img src="/images/2014/09/10/7.jpg" alt="">
Sotheby's International Realty Sydney sold this four bedroom, two bathroom home for $2.65 million. The single-storey house has open plan living and dining areas which open onto the sunny north-facing garden. The house was last traded in 2010 for the exact same price.
<a href="https://www.realestate.com.au/property-house-vic-malvern+east-117638475" target="_blank"></a><a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;"></a>  <a href="https://www.realestate.com.au/property-house-vic-malvern+east-117638475" target="_blank">9 Sydare Avenue, Malvern East, Vic</a>
<img src="/images/2014/09/10/8.jpg" alt="">
The third home in Melbourne's Malvern area to make the top 10 list this week is a contemporary home inspired by Bali. It sold for $2.61 million through Gary Peer and Associates Caulfield North.
The house has five bedrooms and five bathrooms, with a living and dining area, kitchen with butler's pantry and butler's kitchen, home theatre, upstairs retreat and a rumpus room. The vendors purchased the 721 square metre property for $950,000 in 2009.
<a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"> </a><a href="https://www.realestate.com.au/property-house-nsw-strathfield-117533607" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;"></a><a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-117643927" target="_blank"> 1b Lingwell Road, Hawthorn East, Vic</a>
<img src="/images/2014/09/10/9.jpg" alt="">
A four bedroom, four bathroom house sold for $2.61 million through Noel Jones Camberwell. The contemporary home features distinctive polished floors throughout the living areas and the open plan kitchen, which includes an island bench and three ovens. Its master bedroom is located downstairs, with an adjacent study. Outside, there is decking and a pool and spa with its own bathroom and bar. The vendors purchased the 723 square metre site for $505,000 in 2004, before building the current home in 2008.
<a href="https://www.realestate.com.au/property-house-nsw-strathfield-117533607" target="_blank"> <img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;"> 17 Cotswold Road, Strathfield, NSW </a>
<img src="/images/2014/09/10/10.jpg" alt="">
Located on Strathfield's "Golden Mile", this brick cottage was sold for $2.48 million through Devine Real Estate Strathfield. The three bedroom house sits on a 858 square metre block, with 20 metre frontage.
The house includes a formal lounge and a open plan kitchen and living area which overlook the backyard. Last week's sale marks the first time the home has changed hands in 72 years.
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