Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Reality Tv

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Last night's episode of Location Location Location Australia showed buyer's agents Veronica Morgan and Bryce Holdaway helping out two relocating couples.
Though one couple was upsizing and the other downsizing, they were both forced to negotiate the tricky realities of moving far from home.
Veronica was working with retirees Sue and Barney. After living in Port Macquarie for 16 years, they wanted to relocate to Wagga Wagga, where their son and his young family lived.
The couple, who have been married for 47 years, raised their own family in Wagga Wagga before moving northward to the beach.
For their return to Wagga, they wanted a three bedroom house with a double garage and a shed, which was close to the grandkids.
Their move, which they think might be their final one, had to be done on a tight budget of $350,000.
With limited stock on market in Wagga, Veronica was tasked with finding them the perfect final home among very few options.
She started by taking the couple to their preferred area of <a href="/news">Turvey Park</a>, in the heart of Wagga and only minutes from their son Ben. The three bedroom house, on the market for $329,000, had three bedrooms, a shed and a backyard.
The recently renovated home was a lot smaller than what Sue and Barney were used to, and the couple believed it would take a lot of hard work to make it worthwhile. It was immediately struck from the list despite its great location and the search continued.
The second house they inspected was in <a href="/news">Kooringal</a>, south of Turvey Park but only four kilometres from their son's home. The bigger house, with three bedrooms, only had a single car garage and the shed was on the small size.
While Sue loved the brick bungalow with an open plan kitchen, Barney was pretty skeptical. At $339,000, the house fell under their budget - but only just.
The third home they inspected was in <a href="/news">Bourkelands</a>, four kilometres from Central Wagga. The former site of a military base, developers have recently taken a liking to the area, with new builds popping up.
The house, which also had a $339,000, had a double garage, an open plan kitchen and living room layout. The master bedroom came with a walk in robe and ensuite, which also appealed.
With somewhat shabby bathrooms, the house (pictured below) would require a little bit of work. It <a href="https://www.realestate.com.au/property-house-nsw-bourkelands-116920539" target="_blank">remains on the market</a>, with its asking price now at $332,500. 
<img src="/images/2014/09/24/1.jpg" alt="">
After visiting three homes, none of which ticked all the boxes and all a step down from their dream home in Port Macquarie, the true reality of downsizing began to set in.
Sue and Barney showed just how difficult it is to downsize, especially from a home you love. Though they both wanted to be closer to their family, they weren't quite ready to make the final purchase of their life - especially if it meant settling for a home they weren't happy in.
In the end, although they couldn't find the perfect home, Sue and Barney decided they needed to be in Wagga. So they sold their Port Macquarie home and set out to rent a house in Wagga while waiting for the right home to come onto the market.
This article continues on the next page. Please click below.
<hr class="system-pagebreak">
 Bryce teamed up with Melbourne couple Ben and Amelia, who had the opposite move in mind.
They were planning to migrate northward, to the Gold Coast. After watching prices skyrocket in Melbourne, they decided they wanted more warmth and luxury for their dollar.
The upgraders, who want a family home they can grow into, had a budget of $1 million. They've been searching for a home in the Gold Coast for some time, but were finding the interstate property inspections a little impractical.
Enter Bryce. He was tasked with finding them a four bedroom home with a minimum of two bathrooms, a pool and canal views. Ben and Amelia wanted something close to the beach, with plenty of entertaining space.
Bryce was optimistic about their prospects, especially on their budget. The property market's downturn means that homes are more affordable than before, and it's a buyers' market.
According to Bryce, good capital growth potential can again be found in the Gold Coast, with high price growth in the southern states spurring on upgraders just like Ben and Amelia.
Their hunt began in <a href="/news">Broadbeach Waters</a>, at a home situated right on the canal. The four bedroom, four bathroom house had a pool and a six car garage. Unfortunately, it required some renovations - but with a price of $800,000, there was plenty of money leftover in the couple's budget for that.
It seemed, however, that Ben and Amelia had other things in mind. They weren't interested in extensive renovations, and wanted at least two living areas.
So house number one was a bust, and they moved along to house number two: a <a href="/news">Mermaid Waters</a> house with two open plan living areas. The contemporary tiled house had four bedrooms, four bathrooms and a spot to tie up the boat.
There was also an outdoor entertaining space by the pool. On the market for $995,000, it was within their budget, and made a good first impression.
But Ben and Amelia, it turned out, wanted a home with a better indoor-outdoor flow. So house number two was also out.
The <a href="https://www.realestate.com.au/property-house-qld-broadbeach+waters-116288195" target="_blank">third home they inspected</a> was one on main road, which caused some concern. But its huge contemporary interior space and layout, pictured below, won them over. The home, on a wide plot, also included a pool and spa facing the canal, with its own jetty.
<img src="/images/2014/09/24/2.jpg" alt="">
While the home's bedrooms weren't amazing, the outdoor entertaining area was enough to win them over.
The house had a $1 million asking price, but it turned out that the vendors had accepted a $950,000 offer previously, and finance had fallen through.
They inspected a final house, a single storey home with two large living areas and four bedrooms in Broadbeach. The house, which the couple wasn't keen on, had an asking price of $950,000.
The price gave Amelia and Ben a point of comparison, and solidified their preference for the third home.
Knowing that the vendors had accepted a $950,000 offer, Bryce proposed a $930,000 to $950,000 price for the home. Amelia and Ben decided to put in a $920,000 bid, and were happy to play the waiting game.
However, so was the vendor, who rejected the bid. Amelia and Ben pushed up their offer to $945,000 - which, after a few days of waiting, was accepted by the vendor.
By knowing the previous offers put in on the house, Amelia and Ben were able to gauge the vendor's needs, securing the home for $55,000 under the asking price.
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jrichardson-uRX5hFdKfN

Location Location Location: Big moves and big decisions

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Scott Cam, the host of TV renovation show The Block, has been announced as Australia's first national careers ambassador. 
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Despite losing some respect among viewers in the latest series, the Gold Logie winner has been appointed by the Employment and Skills Minister Michaelia Cash.
His role will be to highlight how practical and technical training can lead to high-paying and fulfilling jobs.
"Anybody who is thinking twice about getting a trade just needs to look at Scott Cam and his success," she said.
"Anything is possible by pursuing vocational training."
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The Prime Minister Scott Morrison said university, which had become the default expectation for young people, wasn't the only path to success.
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<div id="google_ads_iframe_/21666581298/theflindersnews/news/nationalnews_0__container__">"I want to see more Australians become plumbers, electricians and bakers than lawyers and consultants. I would like to see more of them going on to become their own boss," he said on Thursday.</div>
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"Scott Cam is proof that undertaking a trade can be a very valuable, rewarding and successful career choice, and there are plenty more who can tell a similar story to Scott."
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Cam is a qualified carpenter who ran his own business before shooting to fame on the television.
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Mr Morrison is hopeful the appointment will encourage more people to get technical, trade and practical skills.
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"By learning a trade you'll earn more, your skills will be in demand and you'll help build our country and keep our economy strong," he said.
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Employment and Skills Minister Michaelia Cash said vocational education and training was key to building Australia's future workforce.
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She said Cam would help Australians at "all ages and stages" to make informed decisions about learning, training and work.
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<div id="google_ads_iframe_/21666581298/theflindersnews/news/nationalnews_5__container__">"Working with the National Careers Institute, Scott will make sure individuals and businesses can take advantage of the pathways on offer," she said.</div>
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<div>The appointment of Scott Cam as the first National Careers Ambassador was welcomed by Kristin Brookfield, the HIA's chief executive industry policy.  </div>
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“Today’s announcement by the Prime Minister and the Minister for Employment, Skills, Small and Family Business, Michaelia Cash, reinforces the change in approach now being taken by the Government to ensure vocational education and the careers on offer are seen by young people, their parents and educators, as the pathway to an inspiring and long term career,” she said.
“As an apprentice carpenter, builder and business owner, Scott Cam has been giving back to the housing industry and sharing his passion and insights with young people as HIA’s Ambassador since 2017.
“Scott has worked with HIA to help raise the profile of a career in the housing industry. His own career shows how completing a trade can be the beginning of an exciting future."
HIA has been encouraged by the COAG Skills Council’s adoption of a vision for skills in Australia at their August meeting, on the back of the Government’s commitment to vocational education in the federal budget. 
“It certainly feels like the tide is turning on the bias towards university education as the best way to build a career,” concluded Ms Brookfield.
 
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jchancellor-FAypfDUnLy

Scott Cam's surprise ambassadorial appointment

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The first 11 Islanders of second series of Love Island Australia have been revealed including Eoghan Murphy, 24, a real estate agent from Gold Coast.
The Irish-born real estate agent has been working at <a href="https://www.instagram.com/eoghannmurphy/" target="_blank">Kollosche Broadbeac</a>h since January. He was previously at Queensland Sotheby's for over a year where he was named Rookie of the Year at the REIQ Awards in 2017.
He began his real estate career as a sales professional at M-Motion Australia.
Murphy joined Love Island to find new love, having just come out of a long-term relationship.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/3/Eoghan%20Murphy%202.jpg" alt="">
<a href="https://kollosche.com.au/employee/eoghan-murphy/" target="_blank">His most recent sale</a> was a $4.45 million Currumbin home.
"I was in a relationship pretty much my entire life. When it happens you always think the grass is greener," he said.
"I enjoy being in a relationship. I want a companion. All my mates have girlfriends and I’m the one on my own. I want a girl, I want someone I can spend the rest of my life with," Eoghan told the magazines before his entry into the compound.
Eoghan considers himself a "respectful man with a huge heart" and is looking for the girl of his dreams.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/3/Eoghan%20Murphy%203.jpg" alt="">
Premiering on Monday, October 7 at 8.45pm on Nine, the cast is just days away from meeting each other for the first time in their own luxury villa.
The singles will play the ultimate game of love and lust in a format that has taken the world by storm.
The initial 11 Islanders are:
Cartier, 19, Lifeguard from Sydney; Jessie, 23, Waitress from Hobart; Vanessa, 24, Businesswoman from Sydney; Cynthia, 23, Model from Brisbane; Cassie, 27, Executive Assistant from Sydney; Eoghan, 24, Real Estate Agent from Gold Coast; Gerard, 23, Personal Trainer from Perth; Matt, 24, Wrestler/model from Melbourne; Adam, 27, Plasterer from Gold Coast; Maurice, 27, Media Executive from Sydney; and Sam, 28, International DJ from Melbourne.
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Gold Coast estate agent Eoghan Murphy on Love Island Australia second series

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The former reality television chippie Luke Van Dyck and his wife Aime have listed their Avalon Beach home with $2,775,000 hopes.
They built <a href="https://www.realestate.com.au/property-house-nsw-avalon+beach-131102158" target="_blank">the house</a> after subdividing and knocking down a 1950s cottage.
A longtime Avalon local and former Chadwicks model, Van Dyck is a third-generation builder.
Set on the 790 square metre block close to Paradise Beach, his eco-friendly new build saw everything constructed by hand with three distinct living zones.
The four-bedroom, two-bathroom home goes to May 30 through McGrath Avalon agent Adrian Venturi.
In 2003 Van Dyck was among the pioneers of reality TV renovation on the Nine Network’s DIY Rescue show, for which he was nominated for a Logie for best new talent up against Dr Chris Brown, then on Harry’s Practice, Daniel Frederiksen from Stingers, Home and Away’s Kip Gamblin, and Andrew O’Keefe on Deal Or No Deal.
The show was billed as offering the solution to “do-it-yourself-mad husbands and partners great at starting jobs around the house but lousy at finishing them”.
Van Dyck joined interior designer Tara Dennis and landscaper Greg Norton and host Leah McLeod, as they put broken homes back together.
This article was first published in the Sunday Telegraph.
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Former reality TV chippie Luke Van Dyck lists at Avalon Beach 

Selling Houses Australia films in Brisbane this weekend at a home in the south west suburb of Jamboree Heights.

The home is scheduled for a transformation by&nbsp;Shaynna Blaze, Andrew Winter and Charlie Albone on the Lifestyle Channel show now in its 11th season.

The listing agent Helen Saba of More Estate Agents confirmed to the Courier Mail that the before shots and comments would be filmed this Saturday at the open home.

&ldquo;Many are looking at older homes to renovate and make it a comfortable investment to live in,&rdquo; she said.

With growth of 33.% in the past five years, interest in Jamboree Heights was heating up, she said.

[smartcode_project:default project_id=102309 project_image_fid=163979]

The house kicked off the year with a $560,000 plus asking price.

The home at 28 Troop Street, Jamboree Heights last sold in 2016 at $530,000.

Selling Houses Australia set for Jamboree Heights makeover 

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Shaynna Blaze will front Nine’s silly new property series Buying Blind.
The show features buyers who hand over their life-savings to others to secure their home.
Buying Blind was originally aired on <a href="https://redarrow.tv/broadcasters-get-the-keys-to-red-arrow-internationals-buying-blind/" target="_blank">Danish television</a> - made by the same production company behind the Married At First Sight.
The Block/Selling Houses Australia expert will be joined by buyer’s agent, Rich Harvey and builder, Marshal Keen.
Some have dubbed it Mortgage at First Sight.
“Buying a home is the biggest investment a couple will ever make together, so I couldn’t be more excited to join these couples on their journey to find, build and design their dream home,” said Blaze.
Nine’s Head of Content Production and Development, Adrian Swift, said the show had "unlucky house-hunters who take the ultimate leap of faith".
It’s marketed as edge-of-the-seat drama with the biggest reveal on TV.
Mark Fennessy, CEO of Endemol Shine Australia, the series producers says Buying Blind is a high-stakes property thriller.
An airdate is yet to be announced.
The show's moment of truth comes when the family must decide whether to grant the experts power of attorney over their life-savings to buy a house on their behalf.
The experts then start house-hunting, culminating in them putting in an offer, negotiating the price and completing the purchase.
Then the family are taken to the property, blindfolded, and their new house is revealed to them for the first time.
Disappointment often ensues; and then the experts spend some of the client's money for renovations.
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MAFS for property: Buying Blind to take property television to new lows

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GUEST OBSERVER
Washington Brown has crunched the numbers on The Block’s latest development in Melbourne’s inner-city bayside suburb of Port Melbourne, and something just doesn’t add up.
From a financial point of view the development, which consisted of transforming a 1920s art deco building into a luxury apartment block, was one of the worst I have ever seen.
While I understand the magic of television, Channel 9 have outdone David Copperfield in creating the illusion of a profit to the public!.
Let's look at the numbers:
According to reports Channel 9 bought the site for around $5 million, which allowed for 6 apartments. Only 5 were sold on TV and for calculation purposes let’s say the acquisition costs is $4.2 million.
The construction cost and depreciation allowances totalled over $11 million, for the 5 apartments.  
That’s $15.2 million alone in construction and acquisition costs.
It’s worth noting that under the Income Tax Assessment Act 1997 the initial vendor (ie. the developer) has an obligation to pass on the actual costs of construction to the purchaser, where the costs are known.
Let’s not forget there’s then a variety of other costs involved in buying and selling, and undertaking the development, including:
<ul>
<li>Stamp duty</li>
<li>GST on the sale</li>
<li>Demolition</li>
<li>Marketing</li>
<li>Agents’ fees</li>
<li>Legal fees</li>
<li>Interest</li>
<li>Rates</li>
</ul>
Whilst some of these costs may have been avoided due to contra deals, the bulk would have to be outlaid by Channel 9.
I estimate these additional costs to conservatively be $2 million, which brings the total cost to $17.2 million.
The Block’s<a href="https://www.domain.com.au/news/the-block-2016-will-and-karlie-win-and-take-home-815000-in-prize-money-20161113-gsoefv/" target="_blank"> total sales </a>realised just a little over $12 million, leaving the development in the red by around $5 million, yet it has been indicated that <a href="https://www.domain.com.au/news/the-block-2016-the-auctions/" target="_blank">profits</a> of up to $715,000 were made by the contestants. 
That something David Copperfield would be in awe of.
You know it’s the peak of the market when reality TV shows are pulling rabbits out of a hat to show a profit.
Whilst the contestants may have walked away with some ‘profit’, if the numbers are to be believed as shown on the show that development was a stinker.
Tyron Hyde is director, Washington Brown, and can be contacted <a href="https://www.washingtonbrown.com.au" target="_blank">here</a>.
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How successful was The Block Port Melbourne as a development?

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Over the years The Block contestants have pocketed some pretty impressive sums from their auction sales but it hasn't all been largely over the reserves and champagne celebrations.  
Here's how the Block winners have performed since the show's beginnings in 2003. 
Triple Threat (2015), South Yarra
Winners Darren and Deanne walked away with The Block's highest ever prize, winning a total of $935,000. The three-bedroom property at 4/27 Darling Street was sold by Jellis Craig's Andrew McCann and auctioned by Damien Cooley. The couple's $1.39 million reserve was dismissed with a starting bid of $1.8 million. An active market and growing house prices no doubt contributed to the record-breaking win.
Heritage Art Deco (2016), Port Melbourne
Most recently, Will Bethune and Karlie Cicero walked away with a massive $815,000, the second highest winnings earned by a team on The Block. Their ground floor apartment of the converted 1850s J.Kitchen and Son soap factory at 164 Ingles Street sold for $2.6 million at auction, $715,000 above the reserve. Despite not being a favourite with the show's judges, the art deco apartment was a win with the fans. 
The Blocktagon (2015), South Yarra
The Blocktagon winners Dean and Shay sold their penthouse apartment for $2.3 million, $655,000 over the reserve price. Along with the show's prize money, the couple walked away with $755,000 in total for their work on the old Hotel Seville in South Yarra. The luxury residence was also the third consecutive victory for Jellis Craig's agent Andrew McCann who also sold Dean and Darren's record-breaking Triple Threat apartment in 2015 and Simon and Shannon's winning Glasshouse apartment in Prahran. 
Fans V Faces (2014), Albert Park
Steve and Chantelle pocketed a total of $736,000 for their apartment on the show's Fans V Faves series. Their north-facing Albert Park apartment sold at auction for $2.47 million to a young professional couple with a baby on the way. The city and bay views no doubt helped the 1/47 O’Grady Street apartment sell for well over the reserve. 
The Block (2012), South Melbourne
The Block winners Brad and Lara pocketed $606,000 for their apartment in South Melbourne. The apartment was larger than the other contestant’s and sold for $1.62 million, setting a record for the show at the time.
Glasshouse (2014), Prahran
Glasshouse winners Shannon and Simon won a total of $435,000. The brothers sold their apartment for $1.9 million at auction. The Glasshouse apartment block was located on a main, high-traffic road and contestants had to convert old offices into residential spaces, contributing to the lower figure.
All Stars (2013), Bondi
Phil and Amity claimed the top spot in the show's All Stars series, walking away with a total of $395,000. Their Bondi townhouse sold for $1.67 million.
Sky High (2013), South Melbourne
Alisa and Lysandra won the show’s Sky High series with $395,000, the same amount as Phil and Amity in the All Stars series. Their first-floor apartment featured vertical gardens, an emerging trend at the time, and sold for $1.345 million at auction.
The Block (2010), Vaucluse
Josh and Nisha walked away with $305,000 for their upscale apartment in Vaucluse, Sydney. Only one of four apartments didn’t sell at auction, proving the show’s success was on the rise.
The Block (2003), Bondi
Contestants of The Block’s first season, Adam and Fiona, walked away with a total of $256,000. Having renovated three properties before entering the show, the married couple from Banksia, New South Wales had the most experience of all contestants competing at the time.
The Block (2004), Manly
Jamie and Andrew pocketed $178,000 when their Manly apartment sold for $868,000 at auction. Only two of the four apartments sold at auction making it one of the least successful seasons in The Block’s history.
The Block (2011), Richmond
Polly and Waz were the lowest earning winners ever in The Block series, walking away with just $115,000 in total prize money. Their Richmond apartment was the only one of the season to sell at auction thanks to a downturned market at the time.
The Block has been renewed for a thirteenth season, but aren't saying just where yet.
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The richest to poorest Block winners

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Crowd-funder DomaCom have announced the appointment of former TV presenter Nikki McCarthy as their buyer's agent at The New Block auctions.
For the first time, DomaCom's platform will allow Channel 9 viewers to support their favourite contestants and invest in the apartment of their choice.
The minimum investment price is $2,500 to share in the future rental income and capital growth.
McCarthy has been a TV presenter on Postcards and property show On Display, the latter led her into residential real estate.
Now working closely with RT Edgar Camberwell principal Glen Coutinho, Nikki (above) continues to pursue her love of property.
“I am so excited with DomaCom’s crowdfunding platform because it heralds a new era for property investors who don’t have sufficient funds for a whole property or who want to spread their investment across multiple properties," McCarthy said.
"There are many more people wanting the type of investment structure that DomaCom offers and The Block is a great way to demonstrate this.”
The Block, which starts this week, is Australia's longest running reality show having started in 2003. This series is scheduled to hold auctions in November.
 
 
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DomaCom joins with RT Edgar for The New Block at Port Melbourne

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The third house renovated on this year's House Rules series was Team NSW Nancy and Daniel, who's rundown 60's house lies half way between their parent's homes.
Their south Sydney home which they settled on four years ago has a mortgage of $500,000.
When it came to choosing their home, its dire condition nearly scared them away.
"When we first walked in, we went, 'oh no, no' and we walked out," Nancy said.
"But then we came back," added Dan, after realising its potential.
Three years later and no renovations started, the couple were considering selling the house before being accepted onto the show.
“We were in the process of deciding whether we were going to actually go ahead and renovate, or if we were going to detonate and rebuild or sell, so we were tossing all of that up at the same time," Dan said.
"We were leaving it up to fate."
 
<img src="/images/2016/Screen%20Shot%202016-06-01%20at%208.36.35%20AM.png" alt="">
Above, Daniel and Nancy's House Rules.
The couple have two kids, Jonathan, six, and Sophia, three, and didn't want to take time away from them renovating the home.
“We were going to renovate in stages and that would have taken so much of our time away from our children with every weekend spent on planning and renovating, so I really feel like this buys us 20 years with our children,” Nancy said.
They have a lot of concerns with the house, like dampness in the roof, poor layout and just being plain old and worn out..
Wanna-be house proud Dan shies away from inviting people over because of the state of their home.
“The reason we have applied for House Rules is because if someone is coming over Dan says, ‘Have they seen the house before? How long will they stay? Do they have to come over? Why can’t we go to their house?’ ” said Nancy.
A can-do attitude is what will see this pair through, who have limited hands-on experience in renovating.
“I wouldn’t call myself a renovator, not even a handyman,” says Dan.
The first couple on 2016's House Rules were Fil and Joe, who have a 1950's weatherboard house in Melbourne.
The second house transformed on air on this seasons House Rules was South Australian parents Michelle and Brooke.
 
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