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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The demand for inner city living in and around Hobart has driven the residential unit development market, with some trophy units going for more than $2 million over the past year, according to Herron Todd White.
Herron Todd White's September Month in Review noted the sale of a 210 square metre penthouse in South Hobart's apartment in Battery Point for $2.1 million.
The most notable unit or apartment sale in Launceston was the penthouse apartment in The Charles which sold for $2.25 million.
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mick.cee-iDmgDDAmu8

Hobart trophy unit sales topping $2 million: Herron Todd White

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New South Wales auction results for week ending Sunday 13 September show a preliminary clearance rate of 75% from 1046 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 452 were sold at auction within NSW, 149 passed in and 141 sold prior to auction.</div>
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<div class="num">One standout property in the Sydney suburb of Ashfield - a two level four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-ashfield-120439509" target="_blank">45 Ormond Street which sold for $1,730,000</a>.</div>
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<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
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Preliminary NSW auction clearance rate of 75%: Realestate.com.au 

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A five-bedroom, two-bathroom home at 118 Macaulay Road, Stanmore sold for $3.65 million under the hammer last week – about $350,000 above its reserve. 
Belle Property Annandale agents Robert Clarke and Michael Field sold the property, Lynwood.
It is set on a <a href="https://www.realestate.com.au/property-house-nsw-stanmore-120435649" target="_blank">680sqm parcel</a>, available for the first time in 30 years.
The tightly-held 1897 home boasts only three previous owners.
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jchancellor-FAypfDUnLy

Stanmore's $3.65 million auction sale

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Celebrity renovator Cherie Barber didn't secure her desired record Leichhardt price at weekend auction. It was passed in on a vendor bid of $3.05 million after two attendees had bid.
The reserve was set at $3.2 million.
She’d paid $950,000 in 2008 for <a href="/news/cherie-barber-lists-1890s-leichhardt-record-setter">the unliveable double-fronted 1890s house at 93 Hill Street</a> since converting it into a five-bedroom family home.
The project she’d reportedly expected would bring her a $1 million profit.
 “I’m confident it will sell by Wednesday and if not, I’ll rent it out for $2000 to $2500 a week,” said Ms Barber.
The star of Channel Ten’s show, The Living Room, said she’d knocked back a pre-auction offer of $3,075,000 from a buyer who couldn’t attend on Saturday because he was on holiday in Uluru. 
The celebrity renovator had just flown in from Minnesota where she has been filming her Five Day Flip renovation series for US television.
Some 800 auctions were scheduled for the first Saturday of spring, with the inner west having 121 set to go under the hammer.
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Cherie Barber fails to sell at weekend auction

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Aspiring NFL San Francisco 49ers star Jarryd Hayne has sold his first Sydney home purchase as he chases his American dream.
The former Parramatta fullback Hayne, who shocked the rugby league world with his decision to quit the NRL late last year, secured $995,000 in the recent sale.
It was 2007 when the then NSW State of Origin initiate bought the $527,500 St Peters terrace from recruitment industry operative Rob James. 
At the time of his purchase, the 19-year-old winger was the second youngest footballer to wear the NSW jumper. 
Set on 122 square metres in the inner west suburb, <a href="https://www.realestate.com.au/property-terrace-nsw-st+peters-119768175" target="_blank">the house has three bedrooms and one bathroom</a>.  
House prices in St Peters had a $475,000 median that year, property researchers CoreLogic RP Data noted, with it now sitting at say.
Situated minutes to Sydenham and St Peter's Station, the two storey 1900 Sutherland Street terrace was marketed as in need of some TLC.
"A must to inspect as this Must Be Sold!" was advised by the Ray White listing agent Anthony Roumanous.
Hayne, who played 176 games for Parramatta, has keenly, but quietly pursued a property portfolio. He purchased an investment terrace in Darlinghurst costing $1.5 million and spent $1.1 million in Paddington, both in 2013. There was also an earlier Umina home purchase for his mother.
This month he established a company, JH38 Holdings, which incorporates the number of his now-famous 38 jersey for the San Francisco 49ers, moving to trademark his own name for a wide range of consumer goods — including clothing, sporting goods, toys, games, luggage, umbrellas and wallets.
Hayne, after watching NFL games live in 2013, became convinced he could make it as a punt returner.
"When I watched the game so close and I saw the return backs, that is what really pushed me to say, hang on a minute, some of these guys can't even make five or 10 yards. I am sure I can make more than that," Hayne told Triple M before he departed late last year.
"I think anyone who has been over to America knows what America is like; they think there is no one who can be greater than them. That is part of the challenge as well. For an Aussie to come from Down Under, people are going to question my ability, my talent and my strength, but I have been questioning it for 12 months. I have already had that argument with myself."
This article was first published in the Sunday Telegraph.
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Jarryd Hayne's St Peters, Sydney terrace sale

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For the last week of winter, the preliminary auction clearance rate was 75.4 per cent, with 2,583 auctions held across Australia’s capital cities. So far, 2,109 results have been reported to CoreLogic RP Data. 
This week’s preliminary clearance rate is higher than last week’s result of 72.9 per cent and is likely to revise as additional results are reported. One year ago, the final auction clearance rate was also recorded at 72.9 per cent and there were 2,034 residential auctions held across the capital cities. It is expected that auction activity will continue to ramp up as we enter the spring selling season.
<a href="/images/2015/08/31/20150831-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/31/20150831-Capital-City.jpg" alt="" width="760" height="564">
 
This week, 1,024 Melbourne auctions have been reported, with a preliminary auction clearance of 77.0 per cent. This week’s result is an improvement from last week, when Melbourne recorded its lowest clearance rate since February (74.3 per cent). At the same time last year, Melbourne’s clearance rate was 73.5 per cent. In terms of the number of homes being taken to auction, this week (1,158) saw more auctions held than both last week (964) and last year (901). This week, the Inner sub-region was the busiest for auctions across Melbourne, with 253 homes going under the hammer. Preliminary results show that 68.0 per cent of the 219 reported results were successful.
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<img src="/images/2015/08/31/20150831-Melbourne.jpg" alt="" width="765" height="513">
 
Sydney’s preliminary auction clearance rate was 78.1 per cent this week, increasing from 76.2 per cent last week, however for the first time this year, the clearance rate is lower than the comparable week last year (79.9 per cent). This week, 1,080 Sydney auctions were held, compared to 930 last week and a lower 810 one year ago. There were 6 Sydney sub-regions that recorded an individual clearance rate higher than the city as a whole this week. Eastern Suburbs (87.6 per cent), North Sydney and Hornsby (86.3 per cent) and the Inner West (85.1 per cent) had the highest clearance rates, followed by Blacktown (84.6 per cent), City and Inner South (82.8 per cent) and Northern Beaches (81.5 per cent).
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<img src="/images/2015/08/31/20150831-Sydney.jpg" alt="" width="746" height="506">
 
Across Brisbane the preliminary clearance rate was 58.2 per cent this week. There have been 110 auctions reported to CoreLogic RP Data, with a total of 158 held across the city. This week’s result was higher than last week (54.5 per cent). For the Gold Coast, 44 results have been reported with a success rate of 61.3 per cent.
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<img src="/images/2015/08/31/20150831-Brisbane.jpg" alt="" width="741" height="500">
 
There were 100 Adelaide auctions this week, compared to 90 last week and 88 at the same time last year, showing volumes increased across the city. The cities preliminary clearance rate this week was 64.8 per cent, down from 72.7 per cent last week and 64.9 per cent one year ago.
Click to enlarge
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This week’s preliminary result for Perth was 66.7 per cent, compared to 29.7 per cent last week and 48.0 per cent one year ago.
61.9 per cent of the reported auction results for Canberra were sold this week, down from 71.2 per cent last week and 74.3 per cent at the same time last year.
There were 4 Tasmanian auctions reported to CoreLogic RP Data this week, with 3 sales.
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smiller-vwPjRHTkST

Final week of winter returns high auction volumes: Corelogic RP Data's Shana Miller

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There were three sales above $6 million reported to CoreLogic RP Data this week.
A waterfront four bedroom in Balmain East, <a href="https://www.realestate.com.au/property-house-nsw-balmain+east-119815671" target="_blank">5A Duke Place</a> (pictured above) is third on the list, selling on August 19 for $6 million.
 
17 Milson Road, Cremorne Point, NSW, 2090, five-bedroom house, sold at auction on August 22 by Belle Property Neutral Bay for $6.191 million
17 Marriott Parade, Glen Waverley, VIC, 3150, three-bedroom house, sold at auction on August 22 by Barry Plant Monash for $6 million
5A Duke Place, Balmain East, NSW, 2041, four-bedroom house, sold on August 19 by Cobden &amp; Hayson Balmain for $6 million
5 Mawson Street, Kew, VIC, 3101, six-bedroom house, sold at auction on August 22 by Jellis Craig Hawthorn for $4.695 million
58/18 College Street, Darlinghurst, NSW, 2010, three-bedroom unit, sold on August 21 by Laing Real Estate Elizabeth Bay for $4.6 million
903/13 Bayswater Road, Potts Point, NSW, 2011, three-bedroom unit, sold at auction on August 22 by L J Hooker Inner City for $4.55 million
33 Nelson Street, Gordon, NSW, 2072, five-bedroom house, sold at auction on August 22 by McConnell Bourn Lindfield for $4.34 million
100 Lewisham Road, Prahran, VIC, 3181, four-bedroom house, sold at auction on August 22 by Marshall White Armadale for $3.51 million
23 Doris Hirst Place, West Pennant Hills, NSW, 2125, five-bedroom house, sold on August 21 by Louis Carr Real Estate Cherrybrook for $3.5 million
2 Ashley Street, Tamarama, NSW, 2026, three-bedroom house, sold at auction on August 20 by Phillips Pantzer Donnelley for $3.35 million
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Three sales made above $6 million: CoreLogic RP Data

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GUEST OBSERVER
The property markets of ten out of the thirteen local government authorities (LGAs) which make up the New South Wales region of Northern Inland are ranked in Australia’s Top 30% property markets over the last fifteen years.
Gunnedah and Liverpool Plains were the equal best performing markets in the region with a national ranking of 38th out of the 550 LGA’s in Australia. 
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The median house price in Gunnedah increased from $80,000 at the start of 2000 to $290,000 by the end of 2014. The average annual growth rate of 9.6% plus the 5.8% rental yield equates to a total annual return of 15.4%.
Liverpool Plains’ median house price increased by an average of 7.9% per annum and its average rental yield is 7.5%.
Propertyology conducted a study to compare the historical property market performance of each of Australia’s 550 local government authorities between 2000 and 2014. Given that some property markets have higher rates of growth and others have higher rental yields, Propertyology calculated the ‘total return’ (average annual growth rate plus rental yield) and we then ranked the LGA’s from 1 to 550 based on this performance.
Glen Innes (ranked 70th), Narrabri (49th), Moree Plains (81st), Guyra and Inverall (equal 92nd) all featured in Australia’s Top 100.
Tamworth had the highest population growth rate in the region – 1.1% per annum for the last ten years compared to the 1.6% national average. Propertyology regards Tamworth as an exceptional strong regional service centre with an economy which is comparable to capital cities in regards to industry diversity. Tamworth’s property market was equal 163rd (with Uralla), making it amongst the best 30% based on overall historical performance for the last 15 years.
Tenterfield (107th) and Armidale (173rd) out of 550 also performed exceptionally well.
Propertyology’s study concluded that population growth doesn’t have the big influence on overall return as many think. The historical evidence shows numerous locations performed strongly in spite of modest, or even no, population growth. For example, Moree Plains’ population declined by an average of 0.6% per annum and both Narrabri and Liverpool Plains had zero population growth, yet they all performed better than each of the 43 LGA’s in Greater-Sydney. Affordability and lifestyle are the common denominators.
The Northern Inland region contains locations which tick a lot the boxes that Propertyology looks for when helping mum-and-dad investors to take advantage of the many opportunities that Australian property markets have to offer.
Gwydir was the region’s worst performing property market, ranked 417th.
Simon Pressley is Managing Director of <a href="https://www.propertyology.com.au/" target="_blank">Propertyology</a>, REIA Hall of Fame Inductee, property market analyst, accredited property investment adviser, and Buyer’s Agent.
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Northern inland NSW property scorecard: Simon Pressley 

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Australian Property Monitors (APM) has released a list of results from 724 listed auctions in Sydney for Saturday August 22. The clearance rate was 76%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for Saturday August 22

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House and land buyers were out in force in Sydney's north west, where 159 of the 165 lots sold in the first land release at Celestino's The Gables project in The Hills.
Around $95 million of land was sold over two days in the $4 billion Box Hill project, at an average $600,000 a block.
"House hunters welcomed the idea that over one third of the land released was via an auction method with reserve prices published prior to the weekend," said development director Matthew Scard.
The first land release in The Gables Box Hill was released over two days through priority number and auction.
Lot sizes from 450sqm to 600sqm will be released, with prices starting from $520,000. Some lots are elevated and have views overlooking the entire project.
Matthew Scard, said over 13,000 people will eventually move into The Gables. with 4,000 dwellings will be built on the 3330 hectare holding. The development includes a proposed lake, a 5.5 hectare town centre, active and passive open spaces, a school, new roads and associated infrastructure.
Over 5,000 house hunters registered for the first land release in the masterplanned community. Sales ranged from $520,000 for a 450 sq m land lot up to $771,000 for a 702 sq m lot.
Jason Keen, sales director for Celestino said the sales result at the weekend was outstanding. The project is within a 10 minute commute from Rouse Hill Town Centre, the future Rouse Hill train station on the North West Rail Line and Schofields train station. 
The new sales centre is located at 121 Old Pitt Town Road, Box Hill.
For more information on The Gables <a href="https://www.thegablesboxhill.com.au/" target="_blank">click here</a>. 
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