JWLand has completed the final residential stage of its Lyneham precinct, Northbourne Village, with De Burgh now welcoming residents who have begun settling into their new homes.

A selection of the 350 studio, one, two, and three-bedroom apartments remains available within the two-building <a href="https://www.apartments.com.au/buildings/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a>, which occupies a prominent position along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The apartments at De Burgh have been configured to prioritise natural light, privacy, and usable outdoor space, with ground-floor homes featuring private courtyards and upper-level apartments opening to generous balconies. Double-glazed windows are standard across the development, supporting acoustic comfort and improved energy performance.

Kitchens are fitted with Fisher &amp; Paykel appliances, while all residences include ducted reverse-cycle air conditioning integrated with app-based controls, allowing residents to manage lighting and climate remotely. These inclusions reflect a broader focus on durability, efficiency, and everyday functionality rather than short-term finishes.

[smartcode_project:default project_id=139989 project_image_fid=356280]

Shared amenity is delivered through a resident gym, rooftop garden, lounge spaces, parcel lockers, and landscaped communal areas that connect De Burgh to the wider Northbourne Village environment.

Nick Babic, Marketing Project Manager at JWLand, said the completion of De Burgh gives buyers a level of certainty that off-the-plan purchases cannot always provide.

“There’s no need to wait or play guessing games. You can come and see the spaces firsthand, and genuinely picture yourself living there today. That includes not only the apartments, but the amenities as well. It’s easy to imagine enjoying a coffee in the central courtyard or spending time with other residents in the lounge.”

The completed status of the project aligns with strong buyer demand for finished stock, particularly among first home buyers, young professionals, and downsizers seeking certainty around timing and cost.

[smartcode_project:default project_id=139989 project_image_fid=356282]

With pricing ranging from $463,000 to $1.588 million, much of the offering sits within reach of buyers looking to enter the Inner North apartment market.

De Burgh’s location underpins its buyer appeal, positioned approximately 600 metres from the light rail and three kilometres from Canberra’s CBD, with direct access to <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands, Sullivan’s Creek parkland, and the established hospitality and retail precincts of Lyneham and Dickson.

[smartcode_project_cta:default project_id=139989]

mikah.m@urban.com.au

Canberra's newest apartment building: JWLand completes De Burgh at Northbourne Village

One of Victoria’s largest private developers, Central Equity, has commenced construction on Palmera, its $1 billion luxury residential development at Northcliffe on the Gold Coast, appointing Tier 1 builder Multiplex to deliver the project.

The fast-track to construction is being undertaken ahead of Central Equity officially launching the project to market.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped insulate the local economy from volatility, while limited new supply in established coastal locations continues to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a> is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

[smartcode_project:default project_id=108274 project_image_fid=361249]

Offering a mix of spacious three-bedroom apartments over 52 levels, Palmera is designed to deliver a full suite of premium residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium apartments will deliver northern views across the Surfers Paradise beachfront and extending all the way around to Burleigh Heads and beyond.

Palmera will be crowned by its top four levels, being a limited collection of penthouses and skyhomes that further elevate the residential offering through generous proportions and uninterrupted panoramic views.

[smartcode_project:default project_id=108274 project_image_fid=361246]

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four decades. It will be the 20th project collaboration between Central Equity and Multiplex.

“The commencement of construction at Palmera marks a major milestone for the project, with Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity Executive Director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold Coast over the long term. The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.”

[smartcode_project:default project_id=108274 project_image_fid=361250]

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around the world since 1962. In that time, the Tier 1 global contractor has delivered projects with a combined value of more than US$130 billion.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” Kutner added.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid out for this strategic location and is delivered to the highest standards,” he said.

Multiplex Regional Managing Director Michael Sinclair said Multiplex was delighted to be aligning with Central Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing their vision to life with a world-class construction team and program. We are proud to be working alongside Central Equity on our 20th project together.”

Palmera has been designed by Marchese Partners, with interiors by DBI.

[smartcode_project:default project_id=108274 project_image_fid=361247]

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s beachfront suburbs, linking the Gold Coast University Hospital in the north with Nobby beach and Burleigh Heads to the south once the extension completes later this year.

[smartcode_project_cta:default project_id=108274]

Joel Robinson

Central Equity unveils Palmera on Garfield Terrace, Surfers Paradise

The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

[smartcode_project_cta:default project_id=135094]

Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

While most developers are aiming high across the Gold Coast, John Kearney’s <a href="https://www.apartments.com.au/developers/immerse-projects">Immerse Projects</a>&nbsp;has scaled back its plans for its Kirra Beach project.

As first reported by Apartments.com.au in April 2025, Immerse <a href="https://www.apartments.com.au/news/qld/first-look-immerse-projects-plan-new-apartments-at-kirra-beach">lodged plans for 105 apartments</a> on its 2,026 sqm Haig Street site.

The developer has now revised the proposal, reducing the 14-storey building to nine storeys and cutting the total number of apartments from 105 to 65.

The new scheme will also feature a broader mix of apartments. It will comprise 23 two-bedroom units, 17 three-bedroom units, and 25 four-bedroom apartments, the latter a configuration that was not included in the original proposal.

<img alt="Lot 11 C2859, 7 Haig Street, COOLANGATTA QLD 4225" data-entity-type="file" data-entity-uuid="972e3bbf-c3e6-4308-b098-5821e571f829" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Haig%20Street%20perspective%201.png?VersionId=3jkyNU0n7TW08DpkoEsY62bXWTb3UHxY" />

The building will rise to a compliant height of 29 metres, aligning with the Building Height Overlay.&nbsp;

The built form incorporates three basement levels accommodating 197 resident car parks and 13 visitor spaces, alongside storage and servicing areas. Level two is dedicated in part to communal amenity, including a lap pool along the western boundary, pool deck, spa and cold plunge pools, gym, work-from-home and meeting spaces, and landscaped areas designed to enhance privacy and outlook.

The typical floorplate will have eight apartments per level.

<img alt="Lot 11 C2859, 7 Haig Street, COOLANGATTA QLD 4225" data-entity-type="file" data-entity-uuid="002d2594-9cf4-4ee4-bb2a-9a0546ac1cc5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Haig%20Street%20site.png?VersionId=Qk.Cm0K9RziXrWu0Q4u2eOjEM3CwNhhC" />

The subject site is currently occupied by two 1970s-era walk-up buildings, Giraween and Caribbean, comprising 14 apartments.

Immerse Projects, led by building veteran John Kearney, who also heads construction firm Greyburn, has become increasingly active in the Kirra and broader southern Gold Coast market. The group recently completed Rhyhthm Kirra Hill on Garrick Street. They have another site locally, on McLean Street, which has approved plans for 58 apartments.

First Look: Immerse favours four-bed apartments in Kirra Beach switch

The development wave is continuing in the affluent suburb of Woollahra following last year’s planning reforms introduced by the Minns Labor Government.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the Woollahra Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Since then, a significant number of development applications have been lodged, and numerous sites have transacted, some at record highs, with the increased density provisions now working in favour of developers.

Lower North Shore developer Abadeen are behind the latest project. They are planning a six-storey residential building at 101–115 Edgecliff Road, on the border of Woollahra and Bondi Junction.

<img alt="First Look: Lindos Group plans six-storey adaptive reuse apartment project in Woollahra’s Fletcher Precinct" data-entity-type="file" data-entity-uuid="17a75a04-3ecd-4b0f-af9f-54514690721b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Edgecliff%20DA%20front.png?VersionId=r0MiKualBGqKrjVj6hJZHsEiwl9QzF0D" />

The proposal would replace a trio of interwar flat buildings on the amalgamated 1,514 sqm site, which has three street frontages to Edgecliff Road, Adelaide Street and Australia Lane.

Importantly, as noted in the documents, the project represents a 200 per cent increase in bedroom density, from 32 bedrooms to 66, rather than a significant increase in the number of apartments, which will rise only slightly from 28 to 29.

The scheme proposes four one-bedroom units, 13 two-bedroom units, and 12 three-bedroom apartments. The submitted planning documents note that, based on market research and background analysis, one of the primary target markets will be downsizers seeking to remain in the local area while moving out of larger freestanding homes they no longer require.

“This allows for new housing supply opportunities beyond just the subject site,” the Design Report by architecture firm Squillace states. The current unit mix comprises 24 one-bedroom apartments and four two-bedroom units.

The top level of the new development will feature a rooftop deck with a pool, barbecue facilities, integrated seating, and a communal vegetable and herb garden.

“Providing these facilities is beneficial in encouraging increased interaction between occupants, which in turn fosters a greater sense of community,” Squillace’s report notes. The firm adds that the vegetable and herb garden, in particular, offers social value, with volunteering opportunities creating further interaction among residents.

<img alt="First Look: Lindos Group plans six-storey adaptive reuse apartment project in Woollahra’s Fletcher Precinct" data-entity-type="file" data-entity-uuid="9619b7bb-291d-417a-a006-f36d14a97cb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Edgecliff%20DA%20perspective.png?VersionId=PYeMKcgOnEV7XVztARQ_YVDlvHcuyZaW" />

Squillace describes the intent as delivering additional housing supply while maintaining the heritage character of the Fletcher Precinct.

“Our objective is to design a high-quality benchmark building that enables considered additions and the adaptive reuse of the existing three brick residential flat buildings,” the architecture firm states.

The site is located within a heritage conservation area, with all three existing buildings identified as contributory items in the Woollahra Development Control Plan. Rather than pursuing wholesale demolition, the proposal retains the primary brick façades and tiled pitched roof forms along Edgecliff Road and Adelaide Street. New upper-level additions are set back from the existing parapets and articulated with horizontal and vertical shadow lines to provide visual separation.

“The proposed design seeks to retain the primary brick façades and roof forms to the street, demonstrating how existing building fabric can be preserved while increasing housing density within conservation areas,” the report adds.

Prior to Christmas, around <a href="https://www.apartments.com.au/news/nsw/rose-bay-apartment-market-fires-up-with-200m-in-new-developments-filed">$200m of new projects</a> were filed in Rose Bay alone, within the Woollahra LGA.

The suburb of Woollahra is subject to the most change in the Woollahra LGA, with the&nbsp;Minns Labor Government to deliver&nbsp;Sydney’s first new heavy rail station in more than a decade, enabling up to 10,000 new homes by rezoning land around&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025" target="">Woollahra</a>&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developments/edgecliff-nsw-2027" target="">Edgecliff</a>&nbsp;stations.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/next-stop-woollahra-train-station-delivering-up-to-10-000-new-homes-in-the-heart-of-sydney">Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney</a>

First Look: Woollahra development wave continues as Abadeen plots six-storey apartment block

Rental News

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EXPERT OBSERVER
The CoreLogic quarterly rent review released today shows national weekly rents increased by 0.3% over the second quarter of 2019; slower than the 1.0% increase the previous quarter and level with rental growth over the June 2018 quarter.
Capital city rents were 0.1% higher over the quarter and -0.1% lower year-on-year. Regional market also saw an increase and were 0.7% higher over the quarter to be 1.9% higher over the past 12 months.
The annual change in combined capital city rents remains at record low levels (based on data which is available back to 2005) while annual growth in regional rents has remained fairly steady over the past quarter.
The report found:
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Rents increased in all capital cities except for Sydney and Darwin over the past 12months
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Brisbane and Perth were the only two capitals where the annual change in rents over the past year was superior to growth over the same period in 2018
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<li>
Gross rental yields are currently recorded at 4.14% nationally compared to 4.10% at the end of the previous quarter and 3.83% a year ago.
</li>
<li>
Gross rental yields increased over the past quarter across all capital cities except for Sydney and Canberra while over the past year, yields have firmed across all capital cities.
</li>
<li>
Nationally, rents were unchanged on a monthly basis in June 2019.
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<li>
Over the second quarter of 2019, national rents have increased by just 0.3%; a sluggish rate of growth and well down on the seasonally strong first quarter in which rents rose by 1.0%.
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At the end of the 2018-19 financial year, national rents were recorded at $438/week.
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Rental rates across the combined capital cities sat at $466/week and substantially higher than the $380/week across the combined regional markets
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<li>
Looking at the change in rents over the month across the capital cities, rents were lower in Sydney, Darwin and Canberra; they were unchanged in Perth and higher elsewhere.
</li>
</ul>
 
<img class="align-center" src="https://www.corelogic.com.au/sites/default/files/inline-images/Rental%20Yeild_20190708.PNG" alt="Rental Yeild_20190708.PNG" width="610" height="214" data-entity-type="file" data-entity-uuid="c1236628-e3c8-4737-9cd1-2ce69c0ce9b0" data-image-style="" data-responsive-image-style="wide" data-zoom-image-style="_as_uploaded" data-mfp-src="https://www.corelogic.com.au/sites/default/files/inline-images/Rental%20Yeild_20190708.PNG">
 Although rental rates in Sydney are falling, the city still remains as the most expensive city to rent a property with a median rent of $580/week. For many years Hobart has been the most affordable rental market however, the rapid growth in rents over recent years has seen it become more expensive than Brisbane, Adelaide, Perth and Darwin and on par with the cost of renting in Melbourne.
Overall, the rental market remains quite mixed, however, it is clear that Sydney accounts for a large share of overall renters with annual falls in Sydney leading to a fall in the combined capital city index.
Sydney and Melbourne continues to experience the impact of heightened demand from investors over recent years along with a substantial ramp-up in new housing (largely apartment) supply, much of which was purchased by investors.
Darwin rents have been falling for many years and they continue to decline. The past year has seen a change of direction for both the Brisbane and Perth rental markets, following a number of years of declines rents are now climbing again.
CAMERON KUSHER is the head of research for the Australian branch of CoreLogic
Kusher regularly posts on the <a href="https://www.corelogic.com.au/news" target="_blank">CoreLogic website</a>.
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ckusher-ujnxiKuFQs

Brisbane and Perth had standout rental growth this year: Cameron Kusher

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Perth is seeing a surge in the leasing of one to three-bedroom properties, helping tenants take advantage of improved affordability in the rental market, according to recent reiwa.com analysis.
REIWA president Hayden Groves said one-bedroom leased property activity had increased by 50 percent in the March quarter, while two and three-bedroom properties had increased by 18 per cent.
“There was a significant amount of leasing activity in the one to three bedroom market over the quarter, while four and five bedroom properties experienced a small decline."
“Affordability in Perth’s rental market has improved over the last 18 months, tenants who may have been living in shared accommodation are now finding that they can afford to move out on their own, which is why we’re seeing this shift to smaller households,” Groves said.
In the three months to 31 March 2016, the total volume of leased properties in the Perth metro area increased by 17 per cent on the December 2015 quarter.
“While rental listings in Perth remain above the long-term average, the number of properties leased in the March quarter has soared well above the growth of listings which is a real positive for the market."
He said this has brought the vacancy rate down to 5.6 percent in the March quarter from six per cent in the December quarter as tenants have soaked up stock.
At a sub-regional level, nearly half of Perth’s sub-regions maintained a stable overall median rent in the March quarter, while there were mixed results for average leasing days across the metro area.
“The biggest improvement in average leasing days was felt in the Perth City, Fremantle and Western Suburbs sub-regions, while on average it took longer to lease a property in Joondalup South, Wanneroo North West and Wanneroo South in the March quarter than it did in the December 2015 quarter,” Groves said.
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Leasing activity spikes in Perth rental market as affordability improves: REIWA

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Capital city rents declined over the past year for the first time since 1996 though weekly rents rose slightly, according to the latest CoreLogic RP Data update.  
Rental rates across the combined capital cities were -0.2% lower over the past year, while weekly rents increased by a fraction 0.2% in March for the capital cities. 
Over the year, Melbourne recorded the biggest increase in rental rates at 2 per cent followed by Sydney at 1.4 per cent, Canberra 1.2 per cent and Hobart 0.3 per cent, shows CoreLogic RP Data March rent review figures.
On the flipside, the cities to see a drop in rents included Darwin -11.5%, Perth -8.4 per cent, Adelaide -1.0%, and Brisbane with a -0.7% drop.
The combined capital city house rents were recorded at $489 per week in March while unit rents were $469 per week, said CoreLogic analysts. Over the past month, house rents have increased by 0.1% and unit rents by 0.4% and over the past three months, house rents rose 0.5% compared to a 0.9% rise in unit rents.
The March results show that recent rental increases are likely to be seasonal which is further highlighted by the fact that rents are lower over the year. Over the past 12 months, house rents were -0.5% lower and unit rents increased by 1.5%. 
“It is important to note that a much higher proportion of total unit stock is rented compared to housing stock,” said senior analyst Cameron Kusher.
“We have been tracking the annual change in capital city rents since 1996 and this is the first time we have seen rental rates falling.” 
“The extra accommodation supply, as a result of the current building boom, along with the recent record high levels of investment purchasing is adding substantial new dwelling supply to the rental market at a time when the rate of population growth is slowing from quarter to quarter. Furthermore, wages are increasing at their slowest annual pace.
“Today’s results also highlight a swift easing in rental market conditions over the past year. We’ve attributed this ease to a variety of influences such as falling real wages, excess rental supply in certain areas and lower rates of population growth which have impacted on demand for rental accommodation.”
“With dwelling approvals recently at record highs, construction activity set to peak over the next 24 months and many new properties still to settle, the rental demand weakness is expected to persist. In all probability, there won’t be much scope for landlords to lift rental rates given current conditions have given greater negotiation opportunities to those in rental situation.”
While rental rates remain at record highs in Sydney and Melbourne, rents are lower than their previous peaks in all remaining capital cities. The decline in dwelling rents from peaks is recorded at: -0.9% in Brisbane, -1.2% in Adelaide, -12.8% in Perth, -0.1% in Hobart, -15.6% in Darwin and -7.4% in Canberra.
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Annual capital city rental change in decline and lowest since 1996: CoreLogic RP Data

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Rental property website Rent.com.au Limited (ASX: RNT) is raising more than $5.4 million through a rights issue to fund its offline branding campaign, the company said in a release.
Rent.com will issue up to 36,376,607 shares at $0.15 each and it is a fully underwritten, non‐renounceable pro rata offer.
The issue will raise $5,456,491 (before costs) and the company will have a total of $8.5 million cash (after costs) after completion of the issue.
The highlights of the fund raising are:  
* Demand for sub‐underwriting allocation was heavily oversubscribed
* Funds to be used primarily on commencing offline marketing activities
Rent.com founder and managing director Mark Woschnak said he was pleased with the strong demand from institutional and sophisticated investors. 
“We recently announced that March 2016 was one of our strongest months on record, with the strongest new agent registrations since listing and all‐time highs in the number of unique visitors and also non‐agent listings on the site,” Woschnak said.
“We have a strong Board and executive team, robust and scalable technology and are now well capitalised to further accelerate our commercialisation objectives by commencing offline marketing activities to support our recently deployed national sales team.”
Shareholders as at the Record Date of April 13 will be eligible to buy one additional share for every three they hold at the Record Date, with acceptance forms to be returned by April 28, the media release said.
The issue price of $0.15 per share represents an 18% discount to the 10-day Volume Weighted Average Price (“VWAP”).
Jett Capital Advisors Pty Ltd are the lead manager and underwriter of the Offer, with GMP Securities acting as brokers. 
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prateek24-ezbwHMbNAk

Rent.com.au to raise $5.45 million through rights issue

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Apartment rents Australia-wide rose 2.4% over the year to September to arrive at a median price of $420 per week, with total vacancy increasing to 3%, according to the 2015 Q4 residential review from Knight Frank.
The review found apartment sales volume, capital values and rents grew nationwide despite gross rental yields tightening in the September 2015 quarter.
Michelle Ciesielski, director of residential research for Knight Frank said in September 2015, gross rental yields for Australian apartments averaged 4.64%.
"Over the year to September 2015, Australian apartment capital values have experienced 7.7% growth with the last three months of this period recording growth of 2.4% to stand at a median capital value of $473,500," she said.
"Capital growth amongst the capital cities has continued to be led by Greater Sydney (at 15.6%), Greater Hobart (at 5.8%) and Greater Melbourne (at 5.4%) over the past year.
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"When utilising growth in sales volume as a leading indicator, it would be expected that Greater Brisbane and Greater Melbourne are likely to witness further capital growth heading into 2016. Greater Hobart and the Australian Capital Territory (ACT) are displaying signs of a potential upswing over the medium term for capital growth after experiencing negative growth in 2014.
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"Highest annual rental growth is still being experienced in Greater Sydney, at 5.7% over the year to September 2015 while achieving a median rent of $560 per week. Although since mid-2015 rents in Greater Sydney have remained steady as total vacancy has fallen from 2.1% to 1.9% over this time, it is likely we will once again see a rise in rents early in the new year.
"With continued negative growth in apartment capital values over the past year, Greater Darwin recorded the highest gross rental yield at 5.87% in September 2015, although rents continued to fall throughout this period. As shown in Figure 4, Greater Sydney returns the lowest gross rental yields across Australia, at 4.30%. When plotted over a five year range, current yields in Greater Sydney are at the lower end of the range; a similar experience being recorded by Greater Brisbane and Greater Perth."
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Apartment sales volume, capital values and rents grow: Knight Frank

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A new survey has found moving house in Sydney can cost almost half of the annual monthly wage. 
Respondents to the to the Fair Go Finance ‘Make Moving Happen’, a survey of 3,383 Australian renters found $3,402 is spent on average to move properties.
 Sydney is the most expensive capital city for renters to move with Melbourne is the cheapest.
Fair Go Finance managing director Paul Walshe said the research also found one in four renters moves every two years, and nearly half (44%) of renters surveyed have needed some assistance to pay the bond.
"If people are using a bond loan purely for bridging finance between properties, they need to make sure they can repay it early without penalty," he said. 
"Features like this allow for greater flexibility when the need to move occurs, especially when it is unexpected due to job transfers or following a relationship breakdown.
"The biggest moving expense is furniture with renters spending around $880 to fit out their new rental. Removal companies were the second biggest expense ($200) and utilities’ connection fees the third ($195)."
Average weekly earnings 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="213">
Full-time adult average weekly total earnings
</td>
<td valign="bottom" nowrap width="71">
Weekly
</td>
<td valign="bottom" nowrap width="71">
Monthly
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave national
</td>
<td valign="bottom" nowrap width="71">
$1,545.6
</td>
<td valign="bottom" nowrap width="71">
$6,182.4
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave Vic
</td>
<td valign="bottom" nowrap width="71">
$1,396.6
</td>
<td valign="bottom" nowrap width="71">
$5,586.4
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave NSW
</td>
<td valign="bottom" nowrap width="71">
$1,512.1
</td>
<td valign="bottom" nowrap width="71">
$6,048.4
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave QLD
</td>
<td valign="bottom" nowrap width="71">
$1,440.9
</td>
<td valign="bottom" nowrap width="71">
$5,763.6
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave WA
</td>
<td valign="bottom" nowrap width="71">
$1,691.2
</td>
<td valign="bottom" nowrap width="71">
$6,764.8
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
Ave SA
</td>
<td valign="bottom" nowrap width="71">
$1,348.2
</td>
<td valign="bottom" nowrap width="71">
$5,392.8
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="213">
<a href="https://www.propertyobserver.com.au/https://www.abs.gov.au/ausstats/abs@.nsf/mf/6302.0" target="_blank">Source: ABS</a>
</td>
<td valign="bottom" nowrap width="71"> </td>
<td valign="bottom" nowrap width="71"> </td>
</tr>
</tbody></table>
 
Moving cost and bond 
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="130">
Average Moving Cost
</td>
<td valign="top" width="65">
National
</td>
<td valign="top" nowrap width="65">
Sydney
</td>
<td valign="top" nowrap width="65">
Perth
</td>
<td valign="top" nowrap width="65">
Adelaide
</td>
<td valign="top" nowrap width="65">
Brisbane
</td>
<td valign="top" width="65">
Melbourne
</td>
</tr>
<tr>
<td valign="bottom" width="130">
End-of-lease cleaning
</td>
<td nowrap width="65">
 $188
</td>
<td nowrap width="65">
 $149
</td>
<td nowrap width="65">
 $175
</td>
<td nowrap width="65">
 $151
</td>
<td nowrap width="65">
 $244
</td>
<td nowrap width="65">
 $161
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Hire of van
</td>
<td nowrap width="65">
 $142
</td>
<td nowrap width="65">
 $160
</td>
<td nowrap width="65">
 $118
</td>
<td nowrap width="65">
 $141
</td>
<td nowrap width="65">
 $134
</td>
<td nowrap width="65">
 $140
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Removal company
</td>
<td nowrap width="65">
 $200
</td>
<td nowrap width="65">
 $210
</td>
<td nowrap width="65">
 $148
</td>
<td nowrap width="65">
 $210
</td>
<td nowrap width="65">
 $228
</td>
<td nowrap width="65">
 $165
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Transport for family
</td>
<td nowrap width="65">
 $80
</td>
<td nowrap width="65">
 $38
</td>
<td nowrap width="65">
 $88
</td>
<td nowrap width="65">
 $81
</td>
<td nowrap width="65">
 $78
</td>
<td nowrap width="65">
 $47
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Transport for pets
</td>
<td nowrap width="65">
 $20
</td>
<td nowrap width="65">
 $6
</td>
<td nowrap width="65">
 $19
</td>
<td nowrap width="65">
 $13
</td>
<td nowrap width="65">
 $15
</td>
<td nowrap width="65">
 $15
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Buying furniture for new property
</td>
<td nowrap width="65">
 $880
</td>
<td nowrap width="65">
 $1,030
</td>
<td nowrap width="65">
 $1,076
</td>
<td nowrap width="65">
 $1,032
</td>
<td nowrap width="65">
 $795
</td>
<td nowrap width="65">
 $921
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Connection fees (for example connection to phone, electricity or internet)
</td>
<td nowrap width="65">
 $195
</td>
<td nowrap width="65">
 $195
</td>
<td nowrap width="65">
 $218
</td>
<td nowrap width="65">
 $235
</td>
<td nowrap width="65">
 $173
</td>
<td nowrap width="65">
 $203
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Storage (for furniture or items not moving into the new property)
</td>
<td nowrap width="65">
 $84
</td>
<td nowrap width="65">
 $76
</td>
<td nowrap width="65">
 $50
</td>
<td nowrap width="65">
 $53
</td>
<td nowrap width="65">
 $67
</td>
<td nowrap width="65">
 $70
</td>
</tr>
<tr>
<td valign="bottom" width="130">
Other
</td>
<td nowrap width="65">
 $91
</td>
<td nowrap width="65">
 $96
</td>
<td nowrap width="65">
 $44
</td>
<td nowrap width="65">
 $69
</td>
<td nowrap width="65">
 $74
</td>
<td nowrap width="65">
 $73
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="130">
TOTAL
</td>
<td nowrap width="65">
$1,880
</td>
<td nowrap width="65">
$1,962
</td>
<td nowrap width="65">
$1,935
</td>
<td nowrap width="65">
$1,984
</td>
<td nowrap width="65">
$1,810
</td>
<td nowrap width="65">
$1,794
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="130">
AVERAGE BOND
</td>
<td nowrap width="65">
$1,522
</td>
<td nowrap width="65">
$1,816
</td>
<td nowrap width="65">
$1,768
</td>
<td nowrap width="65">
$1,670
</td>
<td nowrap width="65">
$1,578
</td>
<td nowrap width="65">
$1,514
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="130">
MOVING COSTS+BOND 
</td>
<td nowrap width="65">
$3,402
</td>
<td nowrap width="65">
$3,778
</td>
<td nowrap width="65">
$3,703
</td>
<td nowrap width="65">
$3,653
</td>
<td nowrap width="65">
$3,388
</td>
<td nowrap width="65">
$3,308
</td>
</tr>
</tbody></table>
**Excludes Darwin, Hobart and Canberra due to insufficient sample
Lost bond 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="65">
NATIONAL
</td>
<td valign="bottom" nowrap width="65">
 $1,083.64 
</td>
<td valign="bottom" nowrap width="65"> </td>
<td valign="bottom" nowrap width="65"> </td>
</tr>
<tr>
<td valign="bottom" nowrap width="65">
VIC
</td>
<td valign="bottom" nowrap width="65">
 $1,085.58
</td>
<td valign="bottom" nowrap width="65">
Melbourne
</td>
<td valign="bottom" nowrap width="65">
 $1,100.54
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="65">
NSW
</td>
<td valign="bottom" nowrap width="65">
 $1,063.60
</td>
<td valign="bottom" nowrap width="65">
Sydney
</td>
<td valign="bottom" nowrap width="65">
 $1,180.76
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="65">
QLD
</td>
<td valign="bottom" nowrap width="65">
 $998.32
</td>
<td valign="bottom" nowrap width="65">
Brisbane
</td>
<td valign="bottom" nowrap width="65">
 $975.44
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="65">
WA
</td>
<td valign="bottom" nowrap width="65">
 $1,115.58
</td>
<td valign="bottom" nowrap width="65">
Perth
</td>
<td valign="bottom" nowrap width="65">
 $915.44
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="65">
SA
</td>
<td valign="bottom" nowrap width="65">
 $1,292.27
</td>
<td valign="bottom" nowrap width="65">
Adelaide
</td>
<td valign="bottom" nowrap width="65">
 $1,407.28
</td>
</tr>
</tbody></table>
</body></html>

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