Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.

Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.

There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" />

Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.

"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."

The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;

The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;

Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a>

Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a> 
&nbsp;

Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

Joel Robinson

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.

The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.

Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.

The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.

<img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" />

A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.

Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.

New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.

GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.

First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.

The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.

Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.

[smartcode_project:default project_id=135876 project_image_fid=368856]

The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.

GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available

Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.

[smartcode_project:default project_id=135876 project_image_fid=368851]

The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.

The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.

[smartcode_project:default project_id=135876 project_image_fid=368852]

For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.

GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.

"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.

"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."

[smartcode_project_cta:default project_id=135876]

GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.

The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.

The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.

<img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" />

A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.

The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.

"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.

The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.

Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."

The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.

<img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" />

The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.

S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.

Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.

John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.

First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Reiv

<html><body>
The REIV is expecting about 1,210 auctions across 338 Melbourne suburbs this weekend.
The top auction locations are set to Reservoir (23 auctions), followed by Glen Iris and Bentleigh East with 17 auctions in each.
Last weekend: 831 auctions (exc. 22 postponed and 18 withdrawn)
This weekend: 1,210 auctions
This weekend last year: 69 percent from 1,453 auctions
Kings Park in Melbourne’s west has the best auction growth in Melbourne this year.
The suburb has tripled its auction levels in 2016, in comparison to 2015, and has the highest clearance rate in the City of Brimbank with 92 percent.
</body></html>

j.ballantyne1990-6AQqhLzZaK

REIV expects 1210 auctions this weekend

<html><body>
The REIV is expecting about 550 auctions in 240 suburbs this week.
The top auction locations this week are Brunswick and Frankston (9 auctions), followed by Craigieburn, Glen Waverley, Melbourne, Mount Waverley and Noble Park with eight auctions in each.
Last weekend: 1,258 auctions (exc. 17 postponed and 21 withdrawn)
This weekend: 550 auctions
This weekend last year: 68% from 1,527 auctions
The number of auction sales remains high, with more than 1,000 homes selling at auction last week.
</body></html>

Racing carnival interrupts spring property selling season

<html><body>
Victoria’s west has led the way with solid home price growth from Horsham to Geelong, the latest REIV price data shows.
Buyers have been attracted to the surf coast lifestyle in particular, the REIV CEO Geoff White said.
The east of the state, Warragul, Cowes and Bairnsdale has shown strong price growth.
The latest REIV median data shows that while annual growth across the state has been relatively moderate at 2.3 per cent to $348,500, a number of locations are showing far greater increases.
Horsham in western Victoria topped the list for median price growth over the year, increasing almost 20 per cent to a median price of $249,975, Mr White said.
Also making the top five list for median price increases, in the west of the state, were Geelong (up 16.9 per cent to $675,000), Torquay (up 14 per cent to $690,000), and St Leonards (up 13.7 per cent to $426,250).
“The latest research shows that buyers were not only drawn to the west, but largely to locations within commuting distance of Melbourne,” Mr White said. “New infrastructure in the west is enhancing prices.
“The faster train services which have been introduced between Geelong and Melbourne in recent years continue to improve prices in the bayside city.
“And Surf Coast locations, including Torquay, continue to benefit from easy access to the freeway and the Geelong bypass, cutting commuting time into Melbourne significantly.”
Mr White added that the other trend was the significant growth in coastal locations, from Cowes in the east of Victoria to Anglesea in the west.
“Regional Victoria is increasingly attractive to buyers and investors, offering access to quality amenities combined with a relaxed country lifestyle,” he said.
“Continued growth in the Melbourne median house price – which rose three per cent to $740,000 this quarter – also adds to the allure of locations close to Melbourne which are well below the Melbourne median price.”
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="4" valign="bottom" nowrap width="400">
Top 20 Growth Suburbs (Annual)
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
 
</td>
<td width="210">
Suburb
</td>
<td width="83">
Sep-16 Median
</td>
<td width="83">
Annual Change
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
1
</td>
<td valign="bottom" nowrap width="210">
   HORSHAM
</td>
<td nowrap width="83">
$249,975
</td>
<td nowrap width="83">
19.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
2
</td>
<td valign="bottom" nowrap width="210">
   GEELONG
</td>
<td nowrap width="83">
$675,000
</td>
<td nowrap width="83">
16.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
3
</td>
<td valign="bottom" nowrap width="210">
   COWES
</td>
<td nowrap width="83">
$394,500
</td>
<td nowrap width="83">
16.0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
4
</td>
<td valign="bottom" nowrap width="210">
   TORQUAY
</td>
<td nowrap width="83">
$690,000
</td>
<td nowrap width="83">
14.0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
5
</td>
<td valign="bottom" nowrap width="210">
   ST LEONARDS
</td>
<td nowrap width="83">
$426,250
</td>
<td nowrap width="83">
13.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
6
</td>
<td valign="bottom" nowrap width="210">
   WARRAGUL
</td>
<td nowrap width="83">
$365,000
</td>
<td nowrap width="83">
13.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
7
</td>
<td valign="bottom" nowrap width="210">
   EAST GEELONG
</td>
<td nowrap width="83">
$474,750
</td>
<td nowrap width="83">
12.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
8
</td>
<td valign="bottom" nowrap width="210">
   ANGLESEA
</td>
<td nowrap width="83">
$685,000
</td>
<td nowrap width="83">
11.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
9
</td>
<td valign="bottom" nowrap width="210">
   MERBEIN
</td>
<td nowrap width="83">
$197,500
</td>
<td nowrap width="83">
11.0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
10
</td>
<td valign="bottom" nowrap width="210">
   BAIRNSDALE
</td>
<td nowrap width="83">
$254,500
</td>
<td nowrap width="83">
10.8%
</td>
</tr>
</tbody></table>
</body></html>

Western Victoria leads the way in latest regional medians

<html><body>
Melbourne’s market has been described as one of the best for sellers in years – with all the stars aligned at present, according to the REIV CEO Geoff White.
He said that the Spring market was delivering everything home sellers need: solid price growth, high clearance rates and strong buyer demand.
In the September quarter, the city’s median house price increased 3.2 per cent to $740,000 Melbourne-wide, he said.
“The median price increase is taking place in tandem with a Spring clearance rate of close to 80 per cent, the highest in seven years,” he said.
“Everything is aligned for sellers, who are benefitting from strong buyer confidence and record low interest rates.”
Melbourne’s inner and middle suburbs were the main growth drivers in the September quarter with house prices in these regions up 4.2 and 3.5 per cent respectively.
After two successive quarters of strong price growth, the city’s outer suburbs recorded more moderate growth of 1.1 per cent.
He added that the top growth suburbs this quarter were widespread across the city – from Seaford in the outer south east to Williamstown and Werribee in the west.
Mr White said that Langwarrin recorded the city’s largest price growth with the median house price increasing 20 per cent over the quarter to $561,000. He added that outer suburbs remain attractive to many home buyers and investors.
“Melbourne’s more affordable areas continue to appeal to buyers seeking the value and space that the outer suburbs offer,” he said. Meanwhile, apartment prices across the city also increased in the September quarter with the metropolitan median up 2.1 per cent to $545,500.
Mr White said that although listings have not reached the peaks of 2015, the current median price and excellent clearance rates indicates that the market is as healthy as ever.
“The market shows no signs of slowing down. The September quarter was stronger than expected and the market is only expected to improve with more than 4,000 auctions forecast for October.”
QUARTERLY OVERVIEW – SEPTEMBER QUARTER 2016
<table style="width: 495px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="3" valign="bottom" nowrap width="257">
Top 10 Growth Suburbs (Quarterly)
</td>
<td valign="bottom" nowrap width="90">
 
</td>
<td valign="bottom" nowrap width="64">
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
 
</td>
<td valign="bottom" nowrap width="141">
 
</td>
<td valign="bottom" nowrap width="92">
 
</td>
<td valign="bottom" nowrap width="90">
 
</td>
<td valign="bottom" nowrap width="64">
 
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
 
</td>
<td width="141">
Suburb
</td>
<td width="92">
Sep-16 Median
</td>
<td width="90">
Jun-16 Median
</td>
<td width="64">
Quarterly Change
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
1
</td>
<td valign="bottom" nowrap width="141">
LANGWARRIN
</td>
<td nowrap width="92">
$561,000
</td>
<td nowrap width="90">
$467,550
</td>
<td nowrap width="64">
20.0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
2
</td>
<td valign="bottom" nowrap width="141">
WILLIAMSTOWN
</td>
<td nowrap width="92">
$1,353,750
</td>
<td nowrap width="90">
$1,140,500
</td>
<td nowrap width="64">
18.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
3
</td>
<td valign="bottom" nowrap width="141">
SEAFORD
</td>
<td nowrap width="92">
$605,500
</td>
<td nowrap width="90">
$516,500
</td>
<td nowrap width="64">
17.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
4
</td>
<td valign="bottom" nowrap width="141">
FOOTSCRAY
</td>
<td nowrap width="92">
$855,000
</td>
<td nowrap width="90">
$745,000
</td>
<td nowrap width="64">
14.8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
5
</td>
<td valign="bottom" nowrap width="141">
FRANKSTON
</td>
<td nowrap width="92">
$504,000
</td>
<td nowrap width="90">
$440,000
</td>
<td nowrap width="64">
14.5%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
6
</td>
<td valign="bottom" nowrap width="141">
MALVERN EAST
</td>
<td nowrap width="92">
$1,914,000
</td>
<td nowrap width="90">
$1,681,000
</td>
<td nowrap width="64">
13.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
7
</td>
<td valign="bottom" nowrap width="141">
KEW
</td>
<td nowrap width="92">
$2,153,500
</td>
<td nowrap width="90">
$1,907,500
</td>
<td nowrap width="64">
12.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
8
</td>
<td valign="bottom" nowrap width="141">
BRUNSWICK
</td>
<td nowrap width="92">
$1,056,000
</td>
<td nowrap width="90">
$935,000
</td>
<td nowrap width="64">
12.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
9
</td>
<td valign="bottom" nowrap width="141">
GLEN WAVERLEY
</td>
<td nowrap width="92">
$1,290,000
</td>
<td nowrap width="90">
$1,150,000
</td>
<td nowrap width="64">
12.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="24">
10
</td>
<td valign="bottom" nowrap width="141">
ALTONA NORTH
</td>
<td nowrap width="92">
$788,000
</td>
<td nowrap width="90">
$702,500
</td>
<td nowrap width="64">
12.2%
</td>
</tr>
</tbody></table>
 
 
 
</body></html>

Langwarrin tops Melbourne's price growth climb: REIV

<html><body>
The Real Estate Institute of Victoria has announced that Joseph Walton has been elected president for 2016-17.
Mr Walton has a long history of involvement with the REIV, having served on a number of committees and as REIV President over the past six months.
Joseph has had an extensive involvement with the REIV Commercial and Industrial committee – serving as a committee member over a five year period (2009-14), including four as chair (2010-2014).
He has also been a member of the Education Committee and Members Council.
Joseph is a Director of CBD-based commercial agency Allard Shelton Pty Ltd.
He said that he is privileged to continue serving REIV members as their President.
“The next 12 months are vital for REIV members, as the industry continues to evolve and a range of State Government reviews are undertaken,” he said. “The Board is united in its focus on meeting these challenges.”
Two new office bearers have also been elected to office for 2016-17 – Mr Richard Simpson (Senior Vice President) and Ms Robyn Waters (Vice President).
Mr Walton congratulated Mr Simpson and Ms Waters. He also welcomed new REIV Directors Mr Noel Dyett and Ms Sophie Lyon, who commenced their term in October 2016.
</body></html>

Joseph Walton elected REIV president for 2016-17

<html><body>
The REIV have released figures of Melbourne most affordable suburbs.
Melton West offers the lowest median of all Melbourne's suburbs, whilst Rosebud West has seen an annual change of 16.2 percent.
 
<img src="/images/2016/07/27/Screen%20Shot%202016-07-27%20at%2012.17.10%20pm.png" alt="" width="558" height="723">
</body></html>

Melbourne's top 20 lowest quartile suburbs below $500,000

<html><body>
The REIV have released data which shows that Melton West is the most affordable suburb in Melbourne.
You can pick up a property in the suburb for $331,000.
A brand new three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-melton+west-123077706" target="_blank">10 Karinya Way</a> is on the market with a price guide of $299,000 to $339,000.
Another three bedder at <a href="https://www.realestate.com.au/property-house-vic-melton+west-122954122" target="_blank">4 Sunderland Way</a> has been listed for $319,000.
Below is the complete top 10
<a href="/images/2016/07/27/Screen%20Shot%202016-07-27%20at%2011.36.28%20am.png" target="_blank">Click here to enlarge</a>
<img src="/images/2016/07/27/Screen%20Shot%202016-07-27%20at%2011.36.28%20am.png" alt="" width="478" height="291">
</body></html>

Melbourne's top 10 most affordable suburbs: REIV

<html><body>
The Real Estate Institute of Victoria’s conference later this month in Melbourne will celebrate its 80th year. 
The Ignite Conference on 24-25 July at Crown Conference Centre will see real estate experts share their insights on sales and leasing.
Attendees will see some of the state's best auctioneers as they compete for the title of 2016 REIV Senior Auctioneer of the Year.
The winner will be announced at the 80th anniversary gala dinner on the first night of the conference.
Among the eight keynote speakers at the conference are Paul Zahra (ex-CEO David Jones), Mark McCrindle (demographer and trends expert), media specialists Todd Sampson and Jane Caro. 
Details of the event can be viewed on the REIV website - www.reiv.com.au/ignite2016.
 
 
</body></html>

prateek24-ezbwHMbNAk

REIV 80th year celebration to feature industry experts

<html><body>
The Real Estate Institute of Victoria (REIV) has announced Geoff White as its elected president for 2015-16, his second stint after serving in 2003-04.
White is an REIV veteran. He was director of REIV from 1999–2007 and 2014-2015, and has served on numerous REIV committees and as chairman of the auction chapter committee.
He started his real estate career in 1984 and has since managed and sold residential, commercial and industrial property, owned his own real estate offices and served as CEO of a growing franchise group.
White is currently commercial manager and branch manager for Lucas Real Estate's Yarra Edge office.
“The REIV Board is united in its focus to improve our real estate profession and follow the good work of the previous Board,” he said.
Two new office bearers were also elected to office for 2015-16 – Joseph Walton (Senior Vice President) and Frank Hellier (Vice President).
</body></html>

REIV elects industry veteran Geoff White president

<html><body>
Goldman Sachs managing director Alastair Lucas spent $3.025 million to buy in East Melbourne.
<a href="https://www.realestateview.com.au/Real-Estate/110-vale-street-east-melbourne/Property-Details-sold-residential-6961925" target="_blank">Lynda Manor</a>, the Italianate Victorian terrace was the most expensive Melbourne house sold at auction on the weekend, according to the REIV.
The three-bedroom, 1889 Vale Street ­terrace sold through Caine Real Estate director Paul Caine who's price guidance was $2.5 million plus.
There were three bidders after the initial $2 million vendor bid on the 209 square metre property.
It last sold for $95,000 in 1979.
In March 2013 some $2.62 million was paid for the terrace two doors along, a five bedrooms, three bathroom terrace with s, the formal lounge with Karl Fender designed extension.
There was a clearance rate of 70% at weekend auction, compared to 69% last weekend and 70% on the same weekend last year.
There were 576 auctions reported to the REIV.
The final clearance rate hasn’t risen above 70% since the week ending 23 March 2014. 
The clearance rate is trending lower, however auction numbers remain high.The next two weekend is expected to have about 1,000 auctions each. 
This would push up the total number of auctions for the month of May to 3,700, which is higher than the long-term average, Enzo Raimondo from the REIV said.
THE DEAREST FIVE HOUSES
<ol>
<li>110 Vale Street, East Melbourne $3,025,000</li>
<li>95 Kooyongkoot Road, Hawthorn $2,775,000</li>
<li>29 Brazilia Drive, Glen Waverley $2,416,000</li>
<li>832 Esplanade, Mornington $1,900,000</li>
<li>9 Bella Vista Road, Glen Iris $1,900,000</li>
</ol>
THE CHEAPEST FIVE HOUSES
<ol>
<li>22 Oak Avenue, Doveton $269,000</li>
<li>37 Nightingale Drive, Werribee $280,000</li>
<li>21 Hughes Crescent, Dandenong North $325,500</li>
<li>10 Paringa Avenue, South Morang $347,500</li>
<li>39 Hendersons Road, Epping $350,000</li>
</ol>
THE DEAREST FIVE APARTMENTS
<ol>
<li>2/6 Wellington Crescent, East Melbourne $1,360,000</li>
<li>13A Rose Street, Highett $1,228,000</li>
<li>2/64 Burke Road, Malvern East $1,157,000</li>
<li>1/33 Myrniong Grove, Hawthorn East $1,150,000</li>
<li>50 Were Street, Brighton $1,135,000</li>
</ol>
THE FIVE CHEAPEST APARTMENTS
<ol>
<li>16/6 Garnet Street, Brunswick $229,500</li>
<li>7/116 Inkerman Street, St Kilda $235,000</li>
<li>8 Elinda Place, Reservoir $265,000</li>
<li>12/42 Middle Road, Maribyrnong $290,000</li>
<li>6/3 Denbigh Street, Frankston $295,000</li>
</ol>
Source: REIV 
</body></html>

Reiv

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Reiv

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News