<p>Not all apartment amenities are immediately visible.</p>

<p>Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.</p>

<p>Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.</p>

<p>Online shopping has been one of the biggest drivers of that shift.</p>

<p>Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.</p>

<p>For apartment residents, however, receiving those deliveries isn't always straightforward.</p>

<p>Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.</p>

<p>Australia Post's Parcel Locker network is one response to that shift.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe></p>

<p>Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.</p>

<p>The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.</p>

<p>That growing presence reflects a broader change in how apartment buildings are being planned.</p>

<p>Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.</p>

<p>It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.</p>

<p>For buyers comparing apartments, these everyday details are becoming part of the decision-making process.</p>

<p>Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.</p>


Joel Robinson

Parcel delivery is joining the apartment amenity checklist

<p data-end="471" data-start="164">Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.</p>

<p data-end="777" data-start="473">The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.</p>

<p data-end="976" data-start="779">Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.</p>

<p data-end="1119" data-start="978"><a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.</p>

<p data-end="1399" data-start="1121">"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.</p>

<p data-end="1399" data-start="1121">"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."</p>

<p data-end="1605" data-start="1401">The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.</p>

<p data-end="1852" data-start="1607">The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.</p>

<p data-end="1852" data-start="1607"><img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" /></p>

<p data-end="2031" data-start="1854">Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.</p>

<p data-end="2299" data-start="2033">"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.</p>

<p data-end="2588" data-start="2301">Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.</p>

<p data-end="4143" data-start="3991">Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.</p>

<p data-end="593" data-start="417">Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.</p>

<p data-end="789" data-start="598">New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.</p>

<p data-end="1053" data-start="794">IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.</p>

<p data-end="4143" data-start="3991"><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a></em></p>

<p data-end="4143" data-start="3991"><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a></em></p>


First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

<p>Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;</p>

<p>Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;</p>

<p>"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;</p>

<p>"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365782]</p>

<p>Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;</p>

<p>“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;</p>

<p>"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365785]</p>

<p>Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;</p>

<p>Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;</p>

<p>Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;</p>

<p>Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365767]</p>

<p>A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;</p>

<p>Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;</p>

<p>"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;</p>

<p>[smartcode_project:default project_id=108274 project_image_fid=365771]</p>

<p>Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;</p>

<p>"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;</p>

<p>"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;</p>

<p>There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.</p>

<p>[smartcode_project_cta:default project_id=108274]</p>


Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

<p>National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.</p>

<p>Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=368000]</p>

<p>Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;</p>

<p>“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;</p>

<p>“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.</p>

<p>“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=367993]</p>

<p>BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;</p>

<p>“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;</p>

<p>“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;</p>

<p>[smartcode_project:default project_id=108736 project_image_fid=367999]</p>

<p>The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.</p>

<p>Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.</p>

<p><a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;</p>

<p>“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;</p>

<p>“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;</p>

<p>Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.</p>

<p>[smartcode_project_cta:default project_id=108736]</p>


Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

<p>The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.</p>

<p>Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.</p>

<p>The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.</p>

<p>[smartcode_project:default project_id=151233 project_image_fid=375378]</p>

<p>Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.</p>

<p>"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.</p>

<p>"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.</p>

<p>"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."</p>

<p>[smartcode_project:default project_id=151233 project_image_fid=375379]</p>

<p>Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.</p>

<p>"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.</p>

<p>"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."</p>

<p>One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.</p>

<p>Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.</p>

<p>[smartcode_project_cta:default project_id=151233]</p>


Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

Rental Property

<html><body>
<p>EXPERT OBSERVER</p>
<p>COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space.</p>
<p>Prior to COVID-19, the Australian rental market was already weak. Now, new challenges are here. As Australian borders remain closed to tourists, and government policies restrict short-term rental arrangements, Airbnb rentals are converting to long-term rental supply. The added supply means rents could go down.</p>
<p>This is compounded by a decline in demand. Rising job losses are seeing some tenants negotiate lower rents, or find alternative accommodation, such as choosing to move back with parents. A pause on the flow of international student and migrant numbers could see more properties sitting empty, while domestic students are less inclined to rent close to universities, as they access study remotely.</p>
<p>But the impact on different regions will vary, depending on how exposed markets are to tourism, migration and job losses. Several datasets point to Inner Sydney and Melbourne being the most affected.</p>
<p><strong>Inner city Sydney and Melbourne to be the hardest-hit rental markets</strong></p>
<p>Preliminary listings data estimates that between the week ending 22nd of March and the week ending 26th of April, the number of properties for rent have increased 0.8% across Australia.</p>
<p>But the most remarkable increases were in the inner-city regions of Melbourne and Sydney, where rental listings have risen over this short period by 36.2% and 34.1% respectively.  </p>
<p class="red-title">The chart below shows the SA4 regions across Australia where rental listings increased over the period following the 22nd of March. This was around the onset of the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2020-03-23/coronavirus-shutdown-in-australia-whats-open-whats-closed/12081074" target="_blank" rel="noopener noreferrer">strictest lockdowns in business operations</a>, and just after borders were <a href="https://www.pm.gov.au/media/border-restrictions" target="_blank" rel="noopener noreferrer">closed to non-residents and non-citizens. </a></p>
<p class="red-title"><a href="https://www.corelogic.com.au/sites/default/files/2020-04/image_1_0.png" target="_blank">Click to enlarge:</a></p>
<p><img src="https://www.corelogic.com.au/sites/default/files/2020-04/image_1_0.png" width="926" height="606"></p>
<p>As well as elevated levels of recently completed dwellings, part of the reason for higher vacancies in these areas is a negative demand shock from employment and temporary restrictions on migration.</p>
<p>Rental markets are particularly susceptible to declines in overseas migration, because the majority of <a href="https://treasury.gov.au/sites/default/files/2019-03/nhsc-state-of-supply-report-2011.pdf" target="_blank" rel="noopener noreferrer">new migrants seek rental housing upon arrival in Australia.</a></p>
<p class="red-title">This will impact Inner Melbourne, which has previously maintained stable rental conditions amid high housing supply, because of rapid growth in international migration. According to <a href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/Latestproducts/3218.0Main%20Features152018-19?opendocument&amp;tabname=Summary&amp;prodno=3218.0&amp;issue=2018-19&amp;num=&amp;view=" target="_blank" rel="noopener noreferrer">ABS migration data</a>, the Melbourne council region population increased by 8,638 over 2018-19. But 99.5% of this increase was attributable to overseas migration.</p>
<p class="red-title">This means that new rental demand in this area is almost entirely sourced from overseas migrants.</p>
<p><strong>Areas vulnerable to job-loss also have a high portion of renting households</strong></p>
<p>Furthermore, some of the regions in Australia that have been most vulnerable to job loss as a result of COVID-19, are also regions where a high portion of people rent.</p>
<p>This is fairly intuitive when considering the kinds of services and workers that have been most impacted by COVID-19. A recent ABS survey of changes in employment found that a substantial -25.6% of jobs had recently been lost in accommodation and food services. Arts and recreation services saw job losses of -18.7%. People employed in these industries, such as hospitality workers, are more likely to be young, and renting.</p>
<p>This is also supported by data. The scatter graph below compares two characteristics of SA4 geographies in Australia: the workforce exposure to food and accommodation and arts and recreation (horizontal axis), and the estimated portion of rental dwellings (vertical axis).</p>
<p><a href="https://www.corelogic.com.au/sites/default/files/2020-04/image_2_0.png" target="_blank">Click to enlarge:</a></p>
<p><img src="https://www.corelogic.com.au/sites/default/files/2020-04/image_2_0.png" width="1087" height="669"></p>
<p>While there is not a perfectly correlated relationship between these industries and renting households, the chart does highlight that Inner Sydney and Melbourne have both a relatively high portion of workers exposed to potential job loss, and renting households. Inner Brisbane and Sydney’s Inner West may also have rental markets with a high incidence of job loss, but so far rental listings have not increased as dramatically.</p>
<p>Between high levels of migration and susceptibility to job loss, inner city Sydney and Melbourne are already experiencing a sharp rise in rental supply. This will have a range of implications, including the potential for downward pressure on purchase values, an erosion of rental yields and added settlement risk for off-the-plan purchases approaching completion. For potential renters still in employment, this will also create cheaper accommodation options close to the city</p>
<p class="red-title"><strong>ELIZA OWEN</strong> <em>is CoreLogic's <a href="https://www.corelogic.com.au/news/early-market-indicators-show-first-signs-housing-market-slowdown?utm_medium=email&amp;utm_source=newsletter&amp;utm_campaign=20200420_propertypulse" target="_blank">head of research</a><br></em></p>
</body></html>

pchatterjee-seVgoiQgz5

Which rental markets are hit hardest by the pandemic? CoreLogic's Eliza Owen

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<div>There's been a fair amount of talk about negatively geared landlords, and whether they might need to sell property during the rental market disruption.<br><br>You should never judge a 20-30 year investment on what's happening right now, but it's nevertheless worth taking a look at the current state of play.<br><br>With the Airbnb sector effectively shuttered at the present time some areas have seen a 5 to 10 per cent jump in rental listings as landlords seek tenants, especially in areas that are generally popular with students, holidaymakers, or short-stay lets.<br><br>With the borders also effectively closed to New Zealanders, tourists from China and India, and international students, there's likely to be a scramble for tenants over the coming months.<br><br>On the flip side, of course, Aussies aren't heading overseas either, so the net effect is less pronounced.<br><br><div class="separator"><img src="https://1.bp.blogspot.com/-NHMwiB8le_s/Xqi_KI_OKqI/AAAAAAAA1co/f9bzKMhEbmYEpvVXqz0_K20qZL-txRQgACNcBGAsYHQ/s640/STDs.jpg" width="640" height="374" data-original-height="801" data-original-width="1370"></div>
<br>The New South Wales State Government looks set to do its part with the apartment overhang by buying up unsold new apartments from developers. </div>
<div> </div>
<div>The compensating good news for landlords is that some of the available mortgage rates have plunged over recent months.</div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-pjevvfP3Yqo/Xqfy-Yv2d1I/AAAAAAAA1bk/7w7WuVZNbwIz8t-1h7xSFw_7uqsyT_JOACNcBGAsYHQ/s640/A1.jpg" width="640" height="576" data-original-height="460" data-original-width="510"></div>
<p>The latest figures aren't available yet, but when they are they'll probably show that interest cost serviceability is back to where it was about 35 years ago.</p>
<p><img src="https://1.bp.blogspot.com/-U63M-j09Ntk/Xqi7novQO8I/AAAAAAAA1cc/OkXV1ekccmcdanXhcxsw06e9sh5RH5xYgCNcBGAsYHQ/s640/RBA.jpg" width="640" height="366" data-original-height="804" data-original-width="1405"></p>
<p>Some of the 'rack rate' variable mortgage rates are still unreasonably high for investors, but for those taking a  moment to shop around rates may now be very low indeed. </p>
<div class="separator"><img src="https://1.bp.blogspot.com/-utLoCT8JsAI/Xqfy-UAUzRI/AAAAAAAA1bg/QL_0FM-tVpoEsEb-2ahfFuCDG8rnX3L7ACNcBGAsYHQ/s640/A2.jpg" width="640" height="569" data-original-height="452" data-original-width="505"></div>
<div> </div>
<div>New owner-occupiers can secure mortgages from close to 2 per cent in some cases, while rates tend to be higher for investors. </div>
<div> </div>
<div>A lot of the statistics quoted on the number of negatively geared landlords are years out of date (the figure was 1.3 million in 2016-17, but interest rates have nosedived since then, so the figure would be lower today). </div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-ax0fxiMRIWA/XqgICpdCNzI/AAAAAAAA1cE/jhwZkE_NPqUru7XOFDfo_7zNp-ZzSB_oQCNcBGAsYHQ/s640/A1.jpg" width="640" height="372" data-original-height="803" data-original-width="1378"></div>
<div class="separator"> </div>
<div>Even assuming flat rents, a stylised model suggests that net rental losses will now be the lowest in years.</div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-mSLzexWYa9Y/XqgIrBCLKfI/AAAAAAAA1cM/WdaAxSWcgVQrt_-KYTWnJrygMWw8HTcLACNcBGAsYHQ/s640/A2.jpg" width="640" height="378" data-original-height="804" data-original-width="1360"></div>
<div class="separator"> </div>
<div>Most investors own one rental property, and the <em>average</em> net rental losses will probably be about $1,000 to $1,500. </div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-fJOA94Z--0E/XqgI_sP-EAI/AAAAAAAA1cU/kvvfz_yAISsSMN9qI1wJB8a8PjjCAQ7egCNcBGAsYHQ/s640/A3.jpg" width="640" height="356" data-original-height="795" data-original-width="1427"></div>
<p>The detailed Australian Taxation Office statistics <em>do</em> show that many of those investors aged between 30 and 60 choose to hold an investment property with a reportable net rental loss of between $5,000 and $10,000 per annum, partly to reduce their income tax payable. </p>
<div>Generally this cohort tends to be the white collar set, earning solid incomes in relatively speaking more secure positions.<br><br><strong><span style="text-decoration: underline;">Depreciation report (MCG)</span></strong>
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<div> </div>
<div>Moreover, the net rental loss reported to the ATO is not the same thing as the investor's cashflow.</div>
<div> </div>
<div>In fact it's possible to be negatively geared from a taxation perspective but still to have a positive cashflow, due to on-paper depreciation benefits and capital allowances. </div>
<div> </div>
<div>MCG's <em><strong>1000 Assets 2020</strong></em> report showed that there was a big increase in investors buying new property over a period of four years through the construction boom.<br><br>These investors tend to receive very significant depreciation benefits, but I expect there will many investors in this cohort facing negative equity as brand new property tends to...well, depreciate.</div>
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<div class="separator">MCG's study also found that investors have become more aware of depreciation benefits, and as a result they're claiming deductions sooner than they used to. </div>
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<div><em>Source: MCG Quantity Surveyors</em></div>
<div><span style="text-decoration: underline;"><em> </em></span></div>
<div>Some property investors will choose to sell, of course.<br><br>But the number of forced sellers will be lower than otherwise would've been the case due to record low mortgage rates, while borrowers have also been extended the option to switch to interest-only loans or take a 6-month repayment holiday. </div>
<div> </div>
<div>A couple of years ago many reports suggested that the interest-only reset would lead to a spike in mortgage arrears, but owners adapted and arrears barely moved. <br><div> </div>
<div>
<strong>PETE WARGENT</strong><em> is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</em>
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Will investors hold or sell in this troubled time? Pete Wargent

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<p>EXPERT OBSERVER</p>
<p>There are some challenges coming that are going to reshape our industry. I’m not trying to panic anyone, and I’m not being alarmist. But the impact of what we’re all going through with the virus and the pandemic that’s spread across the world is hitting the economy, and it’s going to keep on doing that.</p>
<p>Over the next six months, we’ll start to understand just how the country will recover financially, and what shape every industry will be in.</p>
<p>But in the short term, there are some questions a lot of people will be asking themselves.</p>
<p>One of the first is going to be around short-term vs. long-term gains in property, and what the right moves are from a strategic vantage point.</p>
<p><strong>The Airbnb problem</strong></p>
<p>Owners who have been planning on investing in or who already have built up a portfolio of short stay properties for guests using Airbnb are going to be worrying right now. The drop in travel, both domestically and internationally, is already being felt by the airlines, and it’s being felt by the hotel industry, and it’s being felt by individual owners too. Airbnb properties are designed to cater to a short-term stay, and when those guests dry up, the asset dries up too.<span style="font-size: 12.16px;"> </span></p>
<p>Owners are going to be looking towards longer term rental options and wondering if that shift will be the right one for their portfolio. The higher nightly rate that Airbnb rentals can bring in is always going to be attractive, and it’s what drives many owners to embrace that option in the first place. What it brings with it, unfortunately, is that instability that we’re seeing in times of a downturn. If we’re anticipating that the current downtown could last a while – and at this point, we’ve got no idea of when international travel will pick up – the nightly rate becomes far less attractive when you can’t get guests into your asset.<span style="font-size: 12.16px;"> </span></p>
<p>The stability of a longer-term occupancy gives you the chance to start recovering a lot sooner.</p>
<p><strong>Longer-term rentals are still growth assets</strong></p>
<p>The flexibility of the Airbnb market does appeal to owners who want to work on their property actively and push their income from it. But short stays aren’t the only way to do that. In fact, when you are able to rely on the longer-term occupancy of your tenants, and they are reliable, and they are dedicated to their living space as a home, you can actually do so much more. Where you could make minor experience, cleaning and fee adjustments on an Airbnb to change the real-time cashflow, if you invest into a longer term property in a smart way, making improvements and working with your tenants to better understand their needs, you can often increase your gains far more, over a longer period. A 12 month increase in rent that you know will last, is worth more than a spike over a few weekends.</p>
<p><strong>Longer-term right now will need some patience</strong></p>
<p>Yes, the longer-term rental market is going to be more stable. It’s a fact. Australian residents and local residents need a home, and renting is going to be the option. But with the downturn in the economy, you might find that you’ll need a little patience, a little empathy and space for tenants who might be hit hard financially, and the room to wait it out, in exchange for the longer-term wins and steadiness. But if you’re able to do that now, you actually have the chance to build a lasting and trusting relationship with good tenants who will stay with you for years, support rental increases in-line with your own investments in the property, and take care of it themselves while they do so.</p>
<p>You won’t get that from an Airbnb guest.</p>
<p><span style="font-size: 12.16px;">MARK TROWELL is the cofounder and CEO of </span><a href="https://www.yabonza.com" target="_blank" style="font-size: 12.16px;">yabonza</a><span style="font-size: 12.16px;"> </span></p>
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j.ballantyne1990-6AQqhLzZaK

Rethinking short-term property in the face of Covid-19: Yabonza's Mark Trowell

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<p>Nationally rents were up half a percent in January taking the annual change in rental rates to 1.3%, according to the latest CoreLogic report.</p>
<p>The report found that rental growth generally remains weak across most markets, however the recent trend has been towards a subtle rise in rental appreciation.</p>
<p>A year ago the national rental index was rising at an annual rate of just 0.4%. The improvement in rental rates can be attributed to a tightening in rental supply.</p>
<p>Housing finance data shows investor participation in the housing market is near record lows and new supply additions are tapering.</p>
<p>Hobart remains the tightest rental market, with rents up 5.8% over the past twelve months, followed by Adelaide (+2.0%) and Perth (+1.9%), while rents are still trending lower on an annual basis in Darwin (-1.9%) and Sydney (-0.6%).</p>
<p>CoreLogic's Tim Lawless said, "with housing values rising more rapidly than rental rates, gross rental yields are swiftly compressing. Across the combined capital cities the gross yield was tracking at 3.50% in January; the lowest yield reading since March 2018 and only eleven basis points away from record lows."</p>
<p>"Gross rental yields in Sydney, where housing values have surged higher against a backdrop of falling rents, remain at record lows, tracking at just 3.0% in January."</p>
<p>"Higher rental yields can be found in cities where rental conditions have been stronger relative to housing values. Despite overall weak housing market conditions, Darwin gross rental yields are the highest of any capital city at 5.8%, which is a reflection of housing values falling more than rental rates."</p>
<p>"The healthiest yield dynamic is in Hobart where overall tight housing conditions have pushed gross rental yields to 5.0%, providing a total return (gross yield plus annual capital gain) of 10.5%."</p>
<p>"Although gross rental yields are trending lower, so too are mortgage rates. At the end of December, the average three-year fixed rate for an investor mortgage was 3.48%."</p>
<p>"This is still slightly lower than capital city gross rental yields, implying that more properties will be showing a positive cash flow for investors, and paying off a mortgage may be more affordable than paying rent in many areas," he concluded.</p>
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Rental growth remains generally weak across the nation in January: CoreLogic

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<p class="first-para">Australia has one of the highest rates of pet ownership in the world, however only one in 20 rental properties in New South Wales are currently being advertised as pet friendly, according to research from Rent.com.au.</p>
<p class="first-para">Their survey of 70,000 rental properties and 100,000 pet resumes has found only five percent in NSW explicitly allow pets, despite over 60 percent of Australian households having pets.</p>
<p>Rent.com.au chief executive Greg Bader says it's a disappointing result.</p>
<p>“As a general rule, rental properties are not pet friendly, which is interesting as research consistently shows that the value of having pets is huge.</p>
<p>“With so many of us generally owning pets, it’s a real equity issue.”</p>
<p>Investors renting out their properties have long been on the cautious side when advertising the property as pet friendly, however aren't necessarily against pet ownership in their home.</p>
<p>The survey found that while only five percent of rental homes in NSW were advertised as pet-friendly, and 53 per cent banned pets, 43 per cent make no mention of pets.</p>
<p> </p>
<p>A renting couple in Redfern secured the lease for a house without a pet, however noticed a dog flap leading from the kitchen into the outdoor courtyard.</p>
<p>They wrote to their property manager about enquiring whether they could get a pet dog, who passed it on to the property owner.</p>
<p>They said no problem within minutes of the e-mail being sent, despite the listing specifically stating no pets.</p>
<p>The Redfern/Chippendale and Potts Point/Woolloomooloo areas are dominated by renters, each with 65 percent of the population renting there, according to the Committee for Sydney.</p>
<p>One Potts Point renter who lives in a pet-friendly apartment with his two cavoodles says it’s appalling that so few are allowed to keep animals.</p>
<p>“I’m a renter with pets and a real estate agent as well, and it’s interesting as I feel that children do more damage to rental properties than pets do,” says James Garwood, 32, one of the directors of Garwoods Estate Agents.</p>
<p>“We see so many pictures drawn on walls and scuffed and worn-out finishes.</p>
<p><span>“But the behaviour of pets come down to their owners, and we recommend that property owners do allow pets where possible, particularly as they’ll get a higher rent of 5 to 10 per cent more. We had one renter with a dog spending $1200 a week on a pet-friendly, two-bedroom unit when he could have easily spent $760 on a unit just for himself.”</span></p>
<p> </p>
<p><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/2018/11/7/PETS.jpg" alt=""> </p>
<p>Rent.com.au's Greg Bader says that there is the chance of discussing the lease terms as the heat comes out of the market and the level of competition for properties fall.</p>
<p>Pet-owning tenants in NSW aren’t quite as hard done by as those in Victoria, however, where only two percent of properties were advertised as pet friendly, but are eclipsed by the national average figure of 10 per cent indicating pets are allowed.</p>
<p>The Victorian government recently introduced changes to tenancy laws that are expected to allow pets automatically in rentals except in exceptional circumstances.</p>
<p>Vet Mark Perissinotto, managing director of VetShopAustralia, says landlords should think about how their property could be suitable for different types, breeds and sizes of pets.</p>
<p>“We’d advise them to consider providing guidance to would-be tenants on what the property can and cannot support,” Dr Perissinotto says. “It’s about understanding the size of the property, its locality to parks and other areas a pet can run free.”</p>
<p>From a real estate perspective, Mr Garwood, who lives with Poppi and Chelsea in his apartment, believes NSW property owners should be allowed to levy a pet bond – as operates in some other states – to reassure themselves about any damage that could be caused.</p>
<p>“But a lot of pets come these days with great references and their past history recorded, and their owners often have very strong rental applications,” he says. “They can make excellent tenants.”</p>
<p><span> </span></p>
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One in 20 NSW rental properties advertised as pet friendly

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<p>Channel Nine reporter Amelia Adams has put her Frenchs Forest home up for rent having been appointed as the next European correspondent for Nine News.</p>
<p>Adams, and her cameraman husband Luke and her young family are set to relocate to London next month.</p>
<p>Adams says it's been a whirlwind.</p>
<p><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/2018/6/8/FRENCH%20FOREST%202.jpg" alt=""></p>
<p>"It's a big logistical operation getting the kids and house all packed up", she told me.</p>
<p>"But I'm just really excited to get over there and get stuck into the job.</p>
<p>"My four year old thinks we're taking every toy and piece of Lego.. we have to do night time missions to the charity bins down the street"</p>
<p>The house is available from June 18.</p>
<p>Having initially sought tenants at $1,050, the couple have dropped their expectations to $980 ahead of the impending move.</p>
<p>The suburb is one of Sydney's most XXXx given the revitalisation coming from the hospital that XXXX</p>
<p>The presenter paid $1,155,000 in 2014, shortly before returning to Nine News Now after the birth of their first child, Charlie.</p>
<p>Amelia and Luke, who married in Byron Bay in 2008, had their second child Matilda in late 2016.</p>
<p>When settling back in Sydney after a stint in Brisbane, the couple initially bought a home in Arncliffe.</p>
<p>They paid $575,000 for the home in 2009, and sold for $700,000 in 2013 when upsizing to Frenchs Forest.</p>
<p>The Frenchs Forest property has been the family home for the past four years. They like to camp out in the large backyard complete with big lawn and its own spa.</p>
<p>The house came renovated when they snapped it up in 18 days.</p>
<p><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/2018/6/8/FRENCH%20FOREST%203.jpg" alt=""></p>
<p>Set across one level, it has three bedrooms, two bathrooms and a home office. </p>
<p>The open plan living space flows to a covered alfresco dining area which looks across the tropical gardens on 670 sqm.</p>
<p>Ray White Narraweena agent Katrina Bacon is handling the leasing.</p>
<p>Adams worked at Sky News Australia while she was completing her bachelor of communications in journalism at Charles Sturt University.</p>
<p>After working as a producer and reporter on Seven News and Sunrise, Adams moved to Network Ten in Brisbane in 2005 to be a reporter and presenter on Ten News.</p>
<p>In 2008 she joined the Nine Network in Sydney.</p>
<p>Luke had been running media productions company OffRoad Media Productions, however he is set to step back from the business and become a full-time Dad upon the move.</p>
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jrobinson-rf4aSBido9

Europe-bound Channel Nine reporter Amelia Adams puts her Frenchs Forest home up for rent 

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<p>Key workers – such as teachers, nurses, ambulance and fire officers and the police – perform essential services.</p>
<p>Across the Sydney some 156,000 workers are employed in these occupations, equating to some six per cent of the workforce.</p>
<p>However, high property prices and high rents are placing barriers to their home ownership which were not experienced by previous generations. </p>
<p>There is now a serious mismatch between where key workers live and work, according to an important report prepared by Sydney University researchers for the Teachers Mutual Bank, Firefighters Mutual Bank, Police Bank and My Credit Union.</p>
<p>The report found that in the decade to 2016, key areas in Sydney lost up to 20 percent of teachers, nurses, policy and emergency service workers to outer and regional areas, while areas including the Illawarra, Southern Highlands and the Hunter Valley had net gains.</p>
<p>In 2006 more than 20 local government areas were affordable to a police senior constable. By 2016, that number had declined to four. </p>
<p>The majority of key workers now reside in outer ring suburbs, which the report advised was unlike other world cities, such as London, New York, or San Francisco.</p>
<p>The problem begins with the shortage of affordable rental homes near employment as this undermines the capacity to save for a deposit.</p>
<p>An enrolled nurse with five years experience on $57,000, requiring a one bedroom rental property, would be able to afford a median property in only 9 per cent of middle ring suburbs and in no inner ring suburbs. </p>
<p>As a consequence, many key workers are commuting long distances to get to work, or are living in unaffordable rental accommodation. </p>
<p>There's no doubting Sydney needs its Macquarie Street policy makers to improve key worker access to home ownership given the lack of affordable and appropriate homes.</p>
<p>But the report also identified one way to help restore housing options that requires innovative consideration of the plight of challenged home buyers bu the banking and superannuation sectors.</p>
<p>A key suggestion was the implementation of shared equity models that have long been used in the United Kingdom to help low and moderate income earners enter home ownership. </p>
<p>According to the UK Council of Mortgage Lenders, there are around 200,000 shared ownership homes in the UK where eligible households can purchase a minimum of 25 per cent of a property (and up to 75 per cent) and pay a rent of 3 per cent on the remaining share.</p>
<p>Over time the household can purchase the remaining equity in the property from the affordable housing provider partner (who owns the balance), or repay it when the house is sold. </p>
<p>We need mortgage lenders to embrace shared ownership.</p>
<p>It needs superannuation funds to joint venture with banks in this product. </p>
<p>This article was first published in the Saturday Daily Telegraph.</p>
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jchancellor-FAypfDUnLy

Banks need to embrace shared ownership concept as way forward for home affordability

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<p>Perth’s rental market appears to be recovering, with new reiwa.com data revealing improvements in leasing activity and listing levels during the September quarter.</p>
<p>REIWA President Hayden Groves said leasing activity increased 4.7 per cent over the quarter, while listings for rent declined 9.5 per cent.</p>
<p>“The Perth rental market has improved over the last year. Where we were previously experiencing low leasing levels and high listings, that trend has now reversed. Properties for rent are declining and leasing activity is strong,” Groves said.</p>
<p>reiwa.com data shows leasing activity increased in all five sub-regions over the quarter.</p>
<p>“The North-West sub-region was the stand-out, with activity up 9.8 per cent, followed by the North East sub-region with a 4.4 per cent increase. At a suburb level, Hillarys, Ridgewood, Attadale and Bibra Lake were the biggest improvers,” Groves said.</p>
<p>Perth’s overall median rent price remained at $350 per week in the September quarter.</p>
<p>“After a sustained period of declining rent prices, it’s encouraging to see Perth’s median rent remain stable over the last two quarters,” Mr Groves said.</p>
<p>“With three key indicators of Perth’s rental market improving or stabilising, landlords and property investors can be confident the market has turned a corner. We expect these positive trends will continue as demand for rentals exceeds the number of properties available for lease.”</p>
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Perth rental market starting to recover: REIWA

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<p>A four bedroom Vermont South house available for $480 per week at 6 Pinoak Court was featured in the TV show ‘Neighbours’.</p>
<p>It features four bedrooms all with built in robes while the master bedroom has its own ensuite.</p>
<p>A lounge and separate dining area is available as are a kitchen with gas cooking and dishwasher.</p>
<p>Docking Real Estate property management agent Mark Week said he believed the home had been vacant since it was <a href="https://www.realestate.com.au/property-house-vic-vermont+south-421825886" target="_blank">bought in 1998 for $238,000</a>.</p>
<p>“The Neighbours people have used it for storage, and for the bathrooms,” he said.</p>
<p>“Apart from that, it’s a typical four-bedroom home in an average court.”</p>
<p>“There’s nothing startling or up-market about it, and we haven’t advertised it as a Neighbours house,” Mr Week said.</p>
<p>“We weren’t sure if we’d get every man and his dog there.”</p>
<p>Mr Week said there would be special conditions attached to the rental agreement, but there would be no filming indoors.</p>
<p>“It’s not invasive and they only film there two to three times per week,” he said.</p>
<p>Other features includes additional parking and double lock up garage.</p>
<p>Shops, cafes and public transport are all within close proximity.</p>
<p>The property is being offered through Docking Real Estate agent Bridgette Erzeren.</p>
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Vermont South 'Neighbours' house listed for rent

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<p>My housing supply dashboard showed how dwelling completions have been tracking well ahead of population growth in Western Australia. </p>
<p>And now SQM Research has reported that vacancy rates in Perth rose again to 5 per cent in June, in turn suggesting that Perth's property downturn still has a way to run.</p>
<p>Indeed, vacancy rates edged higher in most cities in June, Adelaide and Darwin excepted.</p>
<div id="post-body-1509958214451859734" class="post-body entry-content">
<div> <a href="https://www.propertyobserver.com.au/images/2017/07/20/B1.jpg" target="_blank">Click to enlarge</a>
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<br><div>The below chart smooths vacancy rates on a 6mMA basis. </div>
<div> </div>
<div>While not a true reflection of 'trend', since it doesn't account for the higher vacancy rates typically experienced over the Christmas period, it does show that Perth and Darwin have experienced consistently elevated vacancies since the peak of the resources construction boom. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/07/20/b2.jpg" target="_blank">Click to enlarge</a></div>
<br><div class="separator"><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/2017/07/20/b2.jpg" alt=""></div>
<br><div>Asking rents for houses in Perth have declined by 6 per cent over the past year, while in Darwin the equivalent figure is as high as 11 per cent. </div>
<div> </div>
<div>Record apartment completions have taken some heat out of asking rents in Sydney and Melbourne -with Melbourne vacancy rates bouncing off 7-year lows - though apartment rents remain higher year-on-year in both of the most populous capital cities by 3 per cent and 6 per cent respectively.</div>
<div> </div>
<div>The average asking rent for a 3-bedroom house in Sydney is now $725/week, and for units the figure is $522/week.</div>
<div> </div>
<div>Vacancy rates remain tight in Canberra at 1.2 per cent, and extremely tight in Hobart at 0.7 per cent, leading to soaring rents for houses in the Tasmanian capital.</div>
<div> </div>
<div>
<p class="p1"><span class="s1">PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank"><span class="s2">AllenWargent</span></a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank"><span class="s2">blogger</span></a>.</span></p>
<p class="p2"><span class="s3"><em>His latest book is </em><a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank"><span class="s2"><em>Four Green Houses and a Red Hotel</em></span></a><em>.</em></span></p>
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