Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Property Sales

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<div>Property transaction volumes are reportedly declining in Sydney, and nationally. There are about 9.75 million residential dwellings in Australia, but despite a record construction boom stock turnover has fallen to well below 3 per cent, and way below the historical averages. There could be any number of reasons for this. Like a property market Jim Bergerac, I took a look through this month's housing finance data angling for clues.</div>
<div> </div>
<div>Reason 1 - Staying put!</div>
<div> </div>
<div>We know that the ridiculous cost of stamp duty (and selling fees) is a discouraging factor for people wanting to move house in Sydney, the only real question is how much of a factor it actually is. Sure, stamp has been around forever, but the bands were designed with old dwelling prices in mind, and only recently have duties become farcically high.</div>
<div> </div>
<div>Stamp duty receipts in New South Wales have more than doubled since June 2013 to $8.63 billion. </div>
<div> </div>
<div>In June 2013 the buyer of a median priced house in Sydney paid about $27,000 in stamp duty, mortgage fees, and transfer duties. Today, they'll pay nearly $45,000.</div>
<div> </div>
<div>That's a lot of capital growth required to justify the costs of moving house, so we'll arguably see a shift towards renovating and staying put (or buying cheap and renovating) just as we did at Sydney's previous cyclical peak in early 2004.</div>
<div> </div>
<div>In fact, that's already happened to some extent in Sydney, while renovations activity is rising steadily in Melbourne and Brisbane.</div>
<a href="/images/2016/11/14/b1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/14/b1.jpg" alt="">
 
<div>People will campaign for higher or different types of property taxes, but it's hard to see it happening in NSW while this unprecedented windfall is enriching the state government. The state's finances are in enormous nick - debt free and racking up big surpluses!</div>
<div> </div>
<div>Reason 2 - The trusty buy &amp; hold strategy</div>
<div> </div>
<div>A structural change over the medium term has been the "asset lock in" associated with property investors, with the prevailing tax legislation more or less compelling investors to use interest only loans and play a longer term capital growth strategy.</div>
<div> </div>
<div><a href="/images/2016/11/14/B4.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2016/11/14/B4.jpg" alt=""></div>
<div> </div>
<div>Again, investors have been around forever, of course, but since the latest round of monetary easing from 2012 this cohort has become a more substantial force in the larger capitals. </div>
<div> </div>
<div>The recent reclassifications of the stock of outstanding credit from investors to owner-occupiers are all too convenient to be taken seriously. In any case, there has still been a 300 per cent increase in outstanding investor credit since 2003. Buy, hold, and compound the capital gains.</div>
 Reason 3 - Offshore investors
<div> </div>
<div>What of the residential construction boom? In Australia non-residents are generally restricted to the purchase of new dwellings, thereby encouraging new construction, and this is clearly working now interest rates have been dropped.</div>
<div> </div>
<div>The housing finance figures show that domestic owner-occupiers accounted for only 31,500 or so financed purchases of new dwellings over the year to September 2016. </div>
<a href="/images/2016/11/14/B2.jpg" target="_blank"> Click to enlarge</a>
<div class="separator"><img src="/images/2016/11/14/B2.jpg" alt=""></div>
<div class="separator"> </div>
<div>The numbers are up in the most of the larger capital cities, but not that much in the context of a record residential construction boom.</div>
 <a href="/images/2016/11/14/B3.jpg" target="_blank">Click to enlarge</a>
<div class="separator"><img src="/images/2016/11/14/B3.jpg" alt=""></div>
<div> </div>
<div>So, who is buying the new stock? Downsizing cash buyers would account for a proportion of new dwelling sales, super funds, and investors sold new stock by 'white knight' middlemen or advisors some more. </div>
<div> </div>
<div>But a huge share would be non-resident buyers, particularly now from China. This is also a new trend - FIRB approvals have tripled in only two years!</div>
<div> </div>
<div>The Chinese phenomenon in Australian property in particular is a relatively recent one, so nobody can say for certain what trends will play out, but intuitively it wouldn't be a surprise if most non-resident buyers are in for the long haul.</div>
<div> </div>
<div>Arguably a fair proportion of dwellings bought by non-residents don't even make it to the rental market, let alone become resales. </div>
<div> </div>
<div>The wrap</div>
<div> </div>
<div>Unfortunately - unlike in Bergerac where the culprit was invariably either one of lovable rogue Charlie Hungerford's mates or someone related to the glamorous jewel thief - there is no singular  explanation for why transaction levels are down.</div>
<div> </div>
<div>High transaction costs represent one valid argument. </div>
<div> </div>
<div>Perhaps most people wanting to move house in this cycle have already done so, and the line of willing sellers is becoming exhausted. </div>
<div> </div>
<div>Other prospective vendors may fear that if they sell they might never get into the market as prices levitate away from them, for despite a thousand warnings prices are again forecast to rise strongly in Sydney, Melbourne, and Brisbane in 2017 (and with listings down, there are fewer homes to pick from). </div>
<div> </div>
<div>Certainly with so much hype around, lots of vendors may just decide that the easiest option is to do nothing.</div>
<div> </div>
<div>And finally, arguably a higher proportion of owners and investors are simply using real estate as a long term inflation hedge, due to rising land prices. </div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
</div>
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pwargent-M4siyDbqQY

3 reasons why property sales volumes are declining: Pete Wargent

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The REA Group, parent company of realestate.com.au, has announced the launch of its global property network.
 
It is envisaged the network will be a platform that opens up a new way for people to search for international property while exposing Australian property listings to a global audience.
 
With listings from 56 countries, connected by property sites in 12 markets, including US, Italy, Germany, France, Malaysia and Hong Kong, realestate.com.au/international is the largest source of global property listings in the world with three million listings at launch.
 
Using global reach and strong local brands, the network will further drive international views and enquiries to Australian listings with exposure to 200 million visits globally each month.
 
“People love looking at property and now they can have easier access to international listings, whether they are interested in a beach house in Jamaica, a warehouse in Brooklyn, a villa in Thailand or even a castle in the French countryside. 
 
“We’re continuing to build our offering by giving consumers access to more than three million listings at launch; this is the world’s largest source of global property," Tracey Fellows, the chief executive officer of the REA Group said.
 
“This global network adds another layer for visitors to our sites, while at the same time, providing value to vendors by giving listings exposure to 200 million visits globally each month,” Ms Fellows said.
 
REA Group, parent company of realestate.com.au, is majority owned by News Corp. 
 
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j.ballantyne1990-6AQqhLzZaK

Realestate.com.au expands beyond Australian borders

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A survey has found affordability and potential for house price growth are the two main concerns for first home buyers.
The survey, commissioned by St George Bank, surveyed 1,000 first home buyers nationwide and found value growth is more important than distance to work (ranked 3rd priority), distance to shops and attractions (4th) and distance to family and friends (5th).
Some 26.4 percent of respondents said they had to make compromises to buy their home, with nearly half (49.8 percent) of those compromising on location, and 45.7 percent compromising on price.
Ross Miller, General Manager for St.George Retail Banking, said the research highlighted that first home buyers are looking beyond lifestyle factors when purchasing property.
“Buying a first home is more than buying a roof over your head. Our home is usually our biggest financial investment and over the last few decades we have seen a sharp increase in the value of the average Australian home.”
“First home buyers are wise to view their purchase as an investment. To assist first home buyers, St.George Bank offers tailored advice and a range of competitive products, helping make the first home dream a reality,” added Ross.
Summary of key findings
<ul>
<li>
Other than affordability, buying in an up-and-coming area with potential house price growth was the most important priority when buying a first home;
</li>
<li>
Distance to work was the third highest priority;
</li>
<li>
Distance to shops and attractions was the fourth highest priority;
</li>
<li>
Distance to family and friends was the fifth highest priority.
</li>
<li>
Evaluating which properties presented good value was ranked the most difficult task during the house hunting process
</li>
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jonathanchancellor-7SQnKwU6yx

Affordability, house price growth top for first home buyers

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Karratha, then Port Hedland continue to bear the brunt of the collapsing WA property market, according to the REIWA March quarter data.
Median prices and sales of properties are derived from Landgate data, excluding properties more than 1 Ha.
Karratha has seen a 25 percent property price decline from 12 months ago, and a 10.8 percent decline in the last three months.
A four bedroom home at <a href="https://www.realestate.com.au/property-house-wa-karratha-122763422" target="_blank">2 Thistle Loop</a> in Karratha (above) was initially listed with $485,000 hopes but the asking price has been slashed to $445,000 in just two months.
The suburb of Port Headland is also decreasing quickly, down 23.1 percent from 12 months ago.
Broome has seen the biggest property value decline in the last three months with an 11.2 percent decline.
Surprisingly Northam is performing well. The suburb has seen a 19.6 percent increase in property values from 12 months ago and 17 percent in the last three months.
 
 
<table class="data-table members-data-table table-striped">
<thead><tr>
<th>PROPERTY VALUES (MEDIAN SALE PRICES)</th>
<th>MARCH 2016 QUARTER</th>
<th>CHANGE FROM 3 MONTHS AGO</th>
<th>CHANGE FROM 12 MONTHS AGO</th>
</tr></thead>
<tbody>
<tr>
<td colspan="4">Houses, Established</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$530,000</td>
<td class="number-right">-1.9%</td>
<td class="number-right">-4.5%</td>
</tr>
<tr>
<td>Mandurah - Murray</td>
<td class="number-right">$400,000</td>
<td class="number-right">3.4%</td>
<td class="number-right">-4.8%</td>
</tr>
<tr>
<td>Bunbury Urban Area</td>
<td class="number-right">$392,000</td>
<td class="number-right">4.5%</td>
<td class="number-right">0.5%</td>
</tr>
<tr>
<td>Geraldton - Greenough</td>
<td class="number-right">$325,000</td>
<td class="number-right">-11.0%</td>
<td class="number-right">-16.3%</td>
</tr>
<tr>
<td>Kalgoorlie - Boulder</td>
<td class="number-right">$327,000</td>
<td class="number-right">-4.5%</td>
<td class="number-right">-3.1%</td>
</tr>
<tr>
<td>Albany Urban Area</td>
<td class="number-right">$390,000</td>
<td class="number-right">4.0%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Broome Urban Area</td>
<td class="number-right">$475,000</td>
<td class="number-right">-11.2%</td>
<td class="number-right">-19.0%</td>
</tr>
<tr>
<td>Busselton Urban Area</td>
<td class="number-right">$449,000</td>
<td class="number-right">-4.5%</td>
<td class="number-right">-1.3%</td>
</tr>
<tr>
<td>Esperance Urban Area</td>
<td class="number-right">$355,000</td>
<td class="number-right">1.4%</td>
<td class="number-right">-12.9%</td>
</tr>
<tr>
<td>Karratha Urban Area</td>
<td class="number-right">$330,000</td>
<td class="number-right">-10.8%</td>
<td class="number-right">-25.0%</td>
</tr>
<tr>
<td>Northam</td>
<td class="number-right">$280,000</td>
<td class="number-right">17.0%</td>
<td class="number-right">19.6%</td>
</tr>
<tr>
<td>Port Hedland Urban Area</td>
<td class="number-right">$500,000</td>
<td class="number-right">-2.0%</td>
<td class="number-right">-23.1%</td>
</tr>
<tr>
<td>Regional WA</td>
<td class="number-right">$380,000</td>
<td class="number-right">1.3%</td>
<td class="number-right">-3.8%</td>
</tr>
<tr>
<td colspan="4">Multi-Residential</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$436,000</td>
<td class="number-right">0.2%</td>
<td class="number-right">-1.6%</td>
</tr>
<tr>
<td colspan="4">Land</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$265,000</td>
<td class="number-right">-0.4%</td>
<td class="number-right">-1.3%</td>
</tr>
<tr>
<td>Regional WA</td>
<td class="number-right">$185,000</td>
<td class="number-right">4.5%</td>
<td class="number-right">
3.9%
 
 
</td>
</tr>
</tbody>
</table>
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jchancellor-FAypfDUnLy

Karratha price median down 25 percent

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The Investar website has identified Woy Woy and Wentworth Falls as two of the countries fastest growth suburbs over the past year.
Only townhouses in Victoria's Berwick are cheaper in the list.
The list suggests price growth is strong in $1 million plus localities. 
Rank Suburb State Dwelling Type Bedrooms Median Listing Price 1 Year Change
1 GLEN WAVERLEY VIC House 3 $1,087,500 34.50%
2 LIVERPOOL NSW House 3 $650,000 30.65%
3 BERWICK VIC Townhouse 3 $540,000 27.96%
4 CASTLE HILL NSW House 4 $1,270,000 27.38%
5 GLEN WAVERLEY VIC House 4 $1,150,000 26.37%
6 WENTWORTH FALLS NSW House 3 $550,000 25.14%
7 DONCASTER VIC House 3 $1,000,000 25.07%
8 BALWYN NORTH VIC House 4 $1,500,000 25.00%
9 MOUNT WAVERLEY VIC House 3 $995,000 24.37%
10 WOY WOY NSW House 3 $559,000 24.22%
 
{mijopolls 143}
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Woy Woy and Wentworth Falls: where would you invest?

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Toowoomba, Queensland’s largest inland city, is approaching the peak of the residential market.
But prices are not looking to soften as gentrification takes hold , according to HTW’s March property clock -- a simple broad brush means to indicate where property prices are and where they are going.
<a href="/images/2016/03/16/Screen%20Shot%202016-03-16%20at%209.27.30%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/16/Screen%20Shot%202016-03-16%20at%209.27.30%20AM.png" alt="">
 
As at the beginning of 2016, Toowoomba’s median house price remains affordable at approximately $370,000 and despite a noticeably softening market sentiment, sale prices have not yet shown signs of decline. 
However, it is apparent that the peak of the residential market has passed with agents reporting reduced investor enquiry. 
With current property climate in mind, investor interest cooling and upgrader enthusiasm easing, home owners are turning to regeneration and renovation. 
The key areas where this gentrification is most obviously taking hold is in the affordable suburbs of South Toowoomba, North Toowoomba, Mount Lofty and Newtown. 
The traditionally less sought after suburbs of Rockville and Harlaxton are slowly transitioning to gentrification hot spots due to their affordability.
At a higher price point, the style of dwelling common in East Toowoomba and scattered throughout established parts of Toowoomba, being older style early 1900s cottages, lend themselves to current renovation trends and modern extensions.
Not surprisingly, due to the steady trend of rejuvenation of this type of property, the median price in East Toowoomba is $445,000, significantly above that of the broader Toowoomba area.  
As for the medium to long term, while the peak of the Toowoomba residential property market has passed, these gentrifying areas look set to maintain current levels of demand and value, however as is expected across the entire Toowoomba region, some slowing in sales activity may occur. 
<img src="/images/2016/03/17/image2-1.jpg" alt="">
As an example of the property market activity, Property Observer found a duplex at <a href="https://www.realestate.com.au/property-unit-qld-south+toowoomba-121421586" target="_blank">1 &amp; 2/126 Perth Street, South Toowoomba, Qld 4350</a> (above) was recently sold for $480,000 through Colliers International.
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prateek24-ezbwHMbNAk

Toowoomba near peak of market cycle, but prices not softening as gentrification takes hold: HTW

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Villa Rocca Bella, the Whale Beach oceanfront retreat of the late soprano Dame Joan Sutherland sold in one of the quickest sales on the pricey northern beaches this year.
The four bedroom, 1950's home on a double block was bought by Lorraine Tarabay, wife of Rare Infrastructure fund manager Nick Langley.
Whispers of a $6.9 million sale proved correct.
It was 38 years ago that it sold for $167,000. 
The three level house has been little used in recent times by her husband Richard Bonynge, who calls home Montreux in Switzerland, but keeps a bolt hole in Potts Point.
This article was first published in the Saturday Daily Telegraph.
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Dame Joan Sutherland's Villa Rocca Bella, Whale Beach retreat sold

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Melbourne's weekend clearance rate of 67% was higher than 65% last week and 66% this week last year.
There were 1236 auctions reported to the REIV. 
There are more than 1,400 auctions scheduled next weekend, which will mark the final Super Saturday for the year, the REIV chief Enzo Raimondo said.. 
 
TOP 5 HOUSES
1. 5 Torresdale Road, Toorak $3,725,000
2. 1227-1229 Malvern Road, Malvern $3,510,000
3. 66 Black Street, Brighton $3,500,000
4. 1 Connor Street, Brighton East $3,200,000
5. 27 Swallow Street, Port Melbourne $2,900,000
 
TOP 5 BARGAIN HOUSES
1. 19 Branton Road, Hoppers Crossing $310,000
2. 32 Tatura Crescent, Broadmeadows $322,500
3. 12 Folger Road, Craigieburn $330,000
4. 103 Sunset Boulevard, Jacana $336,000
5. 11 Hesse Court, Westmeadows $355,000
  
TOP 5 APARTMENTS
1. 10A Banksia Avenue, Beaumaris $1,650,000
2. 52A Bayview Street, Williamstown $1,425,000
3. 55A Lahona Avenue, Bentleigh East $1,410,000
4. 2/14 Yerrin Street, Balwyn $1,356,000
5. 1/58 Union Road, Surrey Hills $1,310,000
 
TOP 5 BARGAIN APARTMENTS
1. 7/13 Ormond Road, West Footscray $188,000
2. 22/15 Mcewan Road, Heidelberg Heights $272,500
3. 18/278 Barkly Street, Elwood $285,000
4. 7/139 Napier Street, Essendon $287,000
5. 5/8 Walker Street, Brunswick West $295,000
Source <a href="/news">REIV</a>
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Melbourne's auction success rate hovers in the mid 60s: REIV

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Berwick Waters, located south-east of Melbourne, will stage two lot releases by Frasers Property on December 5.
Property Observer briefly profiles the two:
<a href="https://www.frasersproperty.com.au/VIC/Berwick-Waters/Explore" target="_blank">College Green</a>
College Green is offering plots in a range of sizes up to 913 square metre in its second release.
The development, comprising schools, recreation facilities, amenities and retirement living all in the one location, promises a range of lifestyle options for residents of all ages. 
Waterside Village
Waterside Village is designed around a central park and surrounded by landscaping and wetlands.
<a href="https://www.frasersproperty.com.au/VIC/Berwick-Waters/Explore/Waterside%20Cedarbark%20Release" target="_blank">The Cedarbark release</a> offers a selection of regular-shaped lots from 312 to 570 square metre, with a depth choice of 25 metres or 32 metres depth.
The lots are priced from $230,000.
The blocks will be sold on a first come, first served basis. Purchasers are required to pay a 5% deposit and sign an unconditional land contract.
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Two new releases in Berwick Waters this weekend

<html><body>
First home buyers may be encouraged to come back into the market, helped by tough regulations on investors, falling values and projects targeted towards FHBs. 
Data from the Australian Bureau of Statistics reveals first home buyers numbers are rising, with an 8.5% increase in their applications for home loans in September.
At the same time, the number of investors in the market has dropped. 
The amount first home buyers are borrowing is also on the increase, according to ABS figures which shows the average loan to an FHB was $351,800, up $2500 on the previous month.
However, in original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 15.4% in September 2015 from 15.8% in August.
 
For your free Property Observer eBook from RAMS, 12 tips for first-time buyers, covering everything you need to know when it comes to purchasing property, click here.
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