Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Reiq

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Bundaberg has had an "extraordinary" quarter, with the quarterly median house price growing by 14.1 percent to $291,000, according to REIQ's latest report.
This brings the market back to almost where it was five years ago.
In 2011 the annual median house price in Bundaberg was $278,000, which is just 1.1 percent higher than the annual median house price today of $275,000.
The unit market has been somewhat volatile over the past 12 months and by December 2016 the quarterly median unit price, off just 28 sales, was $235,000 which is a market contraction of 6 percent.
Looking to the medium term data, Bundaberg unit prices in 2011 were 6.7 percent higher than in 2016.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+north-124934186" target="_blank">2 Kolan Street</a>, Bundaberg North (above) has been listed for above $250,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+south-124533606" target="_blank">12 Griffith Street</a>, Bundaberg South (below) has been listed for $260,000.
<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/2017/03/16/12%20Griffith.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Bundaberg's quarterly median house price rises by 14 percent: REIQ

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Over the past five years Toowoomba has been a solid performer, with its residential housing and unit market adding between 21 and 23 percent price growth, according to REIQ's latest report.
However the market was potentially levelling off as demand begins to contract, the report noted.
The median house price grew just 0.9 percent this quarter, to $355,000 and over the past 12 months the market has fallen 1.1 percent.
The Toowoomba unit market has stalled with just 0.4 percent growth this quarter and a fall of 0.2 percent over the past 12 months.
The quarterly median unit price is $290,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-east+toowoomba-124861510" target="_blank">147 Mackenzie Street</a>, East Toowoomba (above) has been listed for $395,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-south+toowoomba-124027594" target="_blank">208 South Street</a>, South Toowoomba (below) has been listed for over $359,000.
<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/2017/03/16/208%20South%20Street.jpg" alt="">
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Toowoomba market starting to level off after solid growth: REIQ

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The Sunshine Coast LGA has taken top place for market growth this quarter and for the year, according to the REIV March quarter update.
The market grew 4.8 percent this quarter, to a median house price of $545,000 and a hefty 6.1 percent for the year.
Over the medium term, (five years), it is 20.7 percent higher.
The unit market has held its own in a climate of strong supply.
Although it only grew 0.2 percent, to a median price of $375,750 this quarter, it added a respectable 1.6 percent for the year and is 10.3 percent higher than it was five years ago.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-palmwoods-124861942" target="_blank">7 Red Jacket Court</a>, Palmwoods (above) has been listed for $509,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-little+mountain-124727402" target="_blank">2</a>5 Little Mountain Drive, Little Mountain (below) has been listed for $549,000.
<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/2017/03/16/25%20Little%20Mountain%20Drive.jpg" alt="">
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Sunshine Coast scores top place in quarterly and yearly market growth: REIQ

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While there is good news on the horizon with Mackay being named a FIFO base for the Adani mine, the market is still finding its footing, according to REIQ's latest report.
The quarterly median house price of $318,000 is just 0.2% lower than the September quarter.
However, this market remains 20% lower than five years ago when the median house price was $411,000.
The unit market is small, as it is in almost every regional Queensland town.
The quarterly median unit price of $200,000 (off 32 transactions) is 6.3% lower than the September quarter.
The market is 18.2% lower than 12 months ago and 29.9% lower than five years ago, when the median unit price was $321,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-mackay-124545162" target="_blank">5 Grant Street</a>, Mackay (above) has been listed for $320,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-mackay-124738302" target="_blank">3 Hamlet Street</a>, Mackay (below) has been listed for $325,000.
<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/2017/03/16/3%20Hamlet%20Street.jpg" alt="">
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Mackay housing market remains 20% lower than five years ago: REIQ

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Despite some promising signs in the September quarter, the December quarter brought more pressure on the Rockhampton median house price, according to REIQ's latest report.
This resulted in a fall of 5.9% to $273,000 over the final quarter of 2016.
The Rockhampton house market has declined by 5.2% this year and 10.8% over five years and is now the most affordable market measured in the QMM report.
The unit market was too small to record a median unit price; with just 16 transactions this is not a meaningful sample size.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-west+rockhampton-124634514" target="_blank">73 Eton Street</a>, West Rockhampton (above) has been listed for $275,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-west+rockhampton-124445730" target="_blank">46 Jardine Street</a>, West Rockhampton (below) has been listed for $259,000.
<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/2017/03/16/46%20Jardine%20Street.jpg" alt="">
 
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Rockhampton's median house price falls: REIQ

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Townsville had a buoyant market in the final quarter of 2016 with the median house price growing an impressive 4.6 percent to $345,000, according to REIQ's latest report.
The area is set to benefit from considerable infrastructure and government spending programs, including the $250 million football stadium.
It will also benefit from the planning for the $1.6 billion Port of Townsville project, which will help employment figures and stabilise business confidence.
The unit market held steady this quarter at $260,000 and while there was zero growth this quarter there was also zero contraction.
Unfortunately, the market has contracted 4.3 percent over the year and compared with five years ago, has contracted 16.2 percent.    
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-annandale-124759510" target="_blank">15 Banyan Court</a>, Annandale (above) has been listed for $395,000.
It last sold on February 2013 for $360,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-south+townsville-119709151" target="_blank">45 Allen Street</a>, South Townsville (below) has been listed for $329,000.
It last sold on August 2013 for $320,000.
<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/2017/03/16/45%20Allen%20Street.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/property-duplex+semi+detached-qld-kirwan-124759502" target="_blank">14 Hasson Street</a>, Kirwan (below) has been listed for $375,000.
It last sold on October 2006 for $330,000.
<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/2017/03/22/14%20Hasson%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-gulliver-124891462" target="_blank">19 Harvey Street</a>, Gulliver (below) has been listed for $325,000.
It last sold on November 2016 for $180,000.
<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/2017/03/22/19%20Harvey%20Street.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-mount+louisa-125021966" target="_blank">24 Gadsden Loop</a>, Mount Louisa (below) has been listed for $354,000.
It last sold on February 2013 for $419,750.
<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/2017/03/22/24%20Gadsden%20Loop.jpg" alt="">
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Townsville housing market rises by 4.6 percent: REIQ

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The Cairns market is one of the few regional markets that has performed moderately well over the past five years, according to REQI's latest report.
The quarterly median house price did not grow this quarter, holding steady at $395,000, but compared with 2011, has grown 12.2 percent.
The unit market fell 6.1 percent over the quarter to $225,000, however, for the year the market has grown 4 percent and has grown 6.8 percent over the past five years.
This is remarkable when compared with other regional unit markets.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-cairns+north-117350835" target="_blank">6/281 Esplanade</a>, Cairns North (above) was sold for $375,000.
Similarly a three bedroom house at<a href="https://www.realestate.com.au/sold/property-house-qld-cairns+north-123330390" target="_blank"> 382 McLeod Street</a>, Cairns North (below) was recently sold for $390,000.
<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/2017/03/16/382%20McLeod%20Street.jpg" alt="">
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Cairns market continues to perform moderately well: REIQ

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The Gladstone median house price fell 3.2 percent this quarter, to $290,000 and over the past 12 months, the market has lost 10.7 percent, according to REIQ's latest report. 
The unit market fell 20.3 percent, to $185,000.
"This market continues to feel the impact of the resources downturn and news last week that the Boyne Island smelter was scaling back production levels," the REIQ noted.
It also reduced its staff by up to 100 workers due to soaring electricity costs, which will only add to market pressures.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-gladstone+central-123190150" target="_blank">10 Herbert Street</a>, Gladstone Central (above) was sold for $284,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-gladstone+central-122022606" target="_blank">6 Oaka Lane</a>, Gladstone Central (below) was sold for $265,000.
<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/2017/03/16/6%20Oaka%20Lane.jpg" alt="">
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Gladstone house market down by 10 percent annually: REIQ

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The Gold Coast house market has outperformed almost every region in Queensland over the past 12 months, according to REIQ's latest report.
The area has had its annual median house price grow by 5.8 percent to $575,000.
Only the Sunshine Coast outstripped this market for annual growth.
The Gold Coast market also had a strong quarter, growing 2.6 percent to reach a quarterly median of $590,000.   
The Gold Coast unit market bucked the state-wide trend of falling unit prices, adding 1 per cent over the quarter and 5.5 per cent over the past 12 months.
The continued massive infrastructure and construction programs have attracted workers and been a significant driver of population growth.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-carrara-124861598" target="_blank">13 Bradstone Road</a>, Carrara (above) has been listed for over $579,000, having traded for $460,000 in 2013.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-carrara-124995398" target="_blank">7 Woolmere Street</a>, Carrara (below) has been listed for $575,000.
<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/2017/03/16/7%20Woolmere%20Street.jpg" alt="">
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Gold Coast house market outperforming all others: REIQ

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The REIQ's quarterly vacancy rate reveals that Brisbane’s middle ring experienced a sharp rise in vacancies, while the inner ring remained relatively consistent with the June quarter.
The tightest rental markets in Queensland are Caloundra and Noosa, both 1.2 percent.
The weakest market surveyed is the Burdekin Shire with 9.6 percent. 
Regional Queensland yielded positive news, with consistent falls in vacancy rates for Bundaberg, Gladstone, Mackay and Rockhampton. 
Brisbane’s inner city (0-5km) vacancy rate for the September quarter has risen from 3.4 percent, to 3.7 percent. The middle ring (5-20km) has risen from 2.3 percent to 4.5 percent.
REIQ CEO Antonia Mercorella said the surprising result in Brisbane’s middle ring was likely due to a combination of factors.
“Inner-city property managers and landlords are particularly sensitive to the oversupply question at the moment and rents have become extremely competitive, luring tenants from the middle ring into the inner ring,” she said.
“Also, a significant level of development has come online in the middle ring and some agents have reported that without being able sell, many of those properties have been put into the rental pool.
“Another contributing factor is that interest rates are very low and with the State Government’s recent boost to the first-home buyer grant from $15,000 to $20,000, that is influencing people’s decision to own rather than rent,” she said.
<a href="/images/2016/10/25/Vacancy%20rate%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/25/Vacancy%20rate%201.jpg" alt="">
Greater Brisbane’s vacancy rate remained in the healthy range of 3.3 percent.
Brisbane LGA reached 4.1 percent in the September quarter.
Ipswich has eased, lifting from 1.1 percent in June to 2.1 percent in September. This is still classed as a tight market.
Logan has tightened, moving from 2.8 percent to 2.0 percent.
Moreton Bay has eased slightly, going from 1.7 percent in the June quarter to 2.2 percent in the September quarter.
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