Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

Joel Robinson

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa</a> is soon to officially launch its newest local apartment development, <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a> development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's <a href="https://www.apartments.com.au/new-apartments/corner-house-stones-corner-18-stoneham-street-stones-corner-qld-4120">Corner House development</a> in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its <a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">recently launched Parkdrive development</a>.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after federal government changes spark hunt for Queensland's best $1 million apartments

Residential Listings

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No new properties are featured in the latest top ten discounted properties nationwide list from SQM Reseaech with 173 Jollytown Road Lyndoch remaining first with a 51 percent price reduction.
SQM noted New South Wales holds the record for the lowest discounted properties with less appearing from WA and more from Queensland.
<a href="/images/2016/05/17/Screen%20Shot%202016-05-17%20at%204.33.44%20PM.png" target="_blank">Click to enlarge</a>
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NSW features lowest discounted properties: SQM Research

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Realestate.com.au has launched a new consumer marketing campaign with the tagline “If you’re not on realestate.com.au, you’re not in the market”. 
The campaign is the brand’s biggest campaign launch since August 2014 and run over a five month period. 
Executive general manager of media &amp; marketing, Libby Minogue said the campaign focuses on the property conversations people are having all over Australia every day. We know that almost 60 percent of buyers are worried they will never be able to afford the property they would love, and we want to help them achieve their property dreams. 
“Renting, buying and selling property is up there with some of the biggest decisions we make in our lives. We want people to feel in control of their property journey – whether you are buying, selling or renting – and we want people to know that realestate.com.au is not only the strongest platform to buy, sell or rent, but also has valuable tools and information to help you on their way," she said.
“More Australians use realestate.com.au than any other property site vand our campaign reassures people that when you’re on realestate.com.au, you’re the expert in the room."
Andrew Rechtman, executive general manager of residential said agents remain the most important resource a vendor has when it comes to marketing their property, and we know that the best agents make their vendor’s marketing dollars work harder. 
“This campaign clearly reinforces that realestate.com.au attracts the largest audience of people looking for property in Australia, delivering an exceptional return on investment for every vendor who includes realestate.com.au in their marketing schedule,” he said.
For more information for sellers, <a href="https://youtu.be/tssGteh6blM%20" target="_blank">click here</a>. For renters, <a href="https://youtu.be/NKswuiS0WPY" target="_blank">click here</a> and for buyers <a href="https://youtu.be/wCZ1YpVMf_c" target="_blank">click here</a>.
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Realestate.com.au launches new consumer marketing campaign

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<div>
After falling away in March, both new listings and the total volume of homes available for sale across Australia have risen in April.
Over the 28 days ending 1 May 2016, the total number of homes available for sale across the nation rose to 241,633, compared to 235,897 over the 28 day period ending 3 April 2016. However, relative to last year, the total volume of stock listed for sale is -1.7 percent lower, despite the number of newly listed properties being 2.5 percent higher than one year ago.
Of the total stock available for sale, 44.4 percent of properties are located within a capital city, where over the 28 days ending 1 May, 107,199 residential properties were available for sale.
Over the same period, 27,073 new listings were added to the market, accounting for almost 62 percent of new listings added nationally. While the total available stock nationally is lower than it was at the same time last year, capital city listing volumes are 5.1 percent higher (while new listings remain comparable to what was seen one year ago, up just 0.9 percent) suggesting a slower rate of absorption is leading to an increase in stock on market.
<a href="/images/2016/05/09/201605-Table.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/09/201605-Table.png" alt="">
In terms of total stock available for sale, across the individual capital cities, Sydney (+22.0 percent), Brisbane (+3.4 percent), Adelaide (+4.7 percent), Perth (+8.6 percent) and Darwin (+12.2 percent) all have more stock available for sale relative to one year ago, while each of the other cities has less stock available for sale.
While Sydney’s listed stock seems much higher than it was one year ago, if we take a look at the same period in 2014, current listings are just 2.7 percent higher. 2015 was a strong year for the Sydney housing market, with annual home value growth peaking at 18.4 percent in July and strong levels of vendor confidence with market metrics such as low levels of vendor discounting, fast selling times, high auction clearance rates and quick stock absorption further demonstrates the strength across the Sydney property market.
Despite current listings being much higher than they were last year, relative to historic levels across the city, total listings in Sydney remain much lower.
To put this into perspective, current listings across the city are -12.5 percent below what they were in 2010, -22.2 percent lower than 2011, and -34.7 per cent lower than 2012. On the other hand, in Darwin and to a lesser extent, Perth, total listings have been trending upwards for some time now, while new listings remain relatively flat.
<a href="/images/2016/05/09/201605-capital-city.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/09/201605-capital-city.png" alt="">
When the regional markets in each state and territory are factored in, Queensland (0.4 per cent), South Australia (7.8 per cent), Western Australia (6.9 per cent) and the Northern Territory (12.8 per cent) are all seeing higher stock volumes than one year ago, while New South Wales (-7.6 per cent), Victoria (-2.9 per cent), Tasmania (-21.0 per cent) and the Australian Capital Territory (-17.4 per cent), all have less residential properties available for sale relative to one year ago.
<a href="/images/2016/05/09/201605-national.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/09/201605-national.png" alt="">
 
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Residential listings trend higher in April: CoreLogic RP Data's Shana Miller

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Residential property listings nationally increased 4.1 percent during April 2016 from March according to the latest research from SQM.
Sydney had a yearly listings rise of 37.8 percent from a total of 19,648 to 27,080 with sale listings up 15.1 percent in Canberra for the same time period.
SQM Research managing director Louis Christopher said Hobart recorded the biggest yearly change, with sale listings falling by 5.2 percent.
“Stock on market has materially increased for Sydney, indicating the slowdown is still occurring in the market. Buyers now have much more choice of homes compare to this time last year,” he said.
"Year-on-year results reveal Melbourne median asking prices have risen 14.4 percent for houses and 5.1 percent for units compared to this time last year. 
"Sydney has also experienced yearly changes with median asking prices for houses climbing 5.3 percent and 6.4 percent for units."
 
<a href="/images/2016/05/03/Screen%20Shot%202016-05-03%20at%204.06.59%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/03/Screen%20Shot%202016-05-03%20at%204.06.59%20PM.png" alt="" width="705" height="236">
 
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Sydney has yearly listings rise of 37 percent: SQM

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No takers yet as NRL star Sam Burgess seeks to make a quick quid from his off-the-plan Bondi Beach apartment purchase.
It was quietly listed for sale mid-March, so Burgess has now approached the halfway mark for the typical 60 days time on market in the seaside suburb.
The furnished second floor apartment had been listed as he and wife, Phoebe are off to their newly purchased $3.8 million Maroubra home.
But only this week they were spotted still soaking up the sun at the popular beach as the summer heat and warm water remain. 
There is no disclosed asking price on the two bedroom apartment in the Bondi Pacific but it is understood to be $2.95 million.
<div>The property, listed through McGrath agents Edward Reid and Greg Golfin, has an outdoor terrace and even a small lawn.</div>
The then man about town bought well in 2012 off the plan paying $2.065 million before he moved back to England, returning late last year to rejoin South Sydney Rabbitoh’s.
Burgess emerged as one of the buyers in the Bondi Pacific development when he settled in December, with resales now typically fetching anywhere between 30 percent to 50 percent more than initial purchase price.
<div>However just weeks after Rabbitoh's star Sam Burgess moved into the new Bondi Pacific development with wife, Phoebe Hooke they bought a family home in Maroubra.</div>
The four bedroom, three bathroom house comes with a sweeping marble staircase which leads to a large home theatre room.
Burgess had enjoyed a successful start to his comeback season, then lucky to escape a serious neck injury in the game against the Bulldogs. 
This article was first published in the Sunday Telegraph.
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Sam Burgess yet to sell off-the-plan apartment

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Residential listings fell 0.8 percent over March from February according to SQM Research, who found Hobart and Melbourne recording considerable yearly falls.
Canberra recorded the largest monthly fall in stock levels, down 6.1 percent during March 2016.
<a href="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" alt="">
SQM managing director Louis Christopher said real estate listings were very steady over the course of March, with the decline in Canberra noted.
"Canberra's decline is yet more evidence the market there has now turned the corner.," he said.
"We also note the ongoing decline in listings in Hobart, which is also reflective of a recovery in the nation’s south. We also note that Hobart recorded rises in asking prices for the month.
"Over the past month, the capital city average for asking prices has increased 6.2 percent for houses, and 5.7 percent for units, with year-on- year results revealing Sydney median asking prices have risen 8.0 percent for houses and 9.4 percent for units compared to this time last year. Melbourne also experienced yearly changes with median asking prices for houses climbing 12.4 percent for houses, and 4.0 percent for units."
 
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jchancellor-FAypfDUnLy

Hobart and Melbourne continue to record yearly falls: SQM

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New listings nationwide over the last 28 days are up 1.3 percent with the total level of properties on the market up 1.1 percent according to CoreLogic RP Data.
For the combined capital cities new listings are down 0.9 percentile compared to last year, with total listings up 8.4 percent 
Melbourne (1.1 percent), Brisbane (15.0 percent) and Adelaide (3.6 percent) new listings numbers are up on last year. 
<a href="/images/2016/03/31/Screen%20Shot%202016-03-31%20at%201.23.23%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/31/Screen%20Shot%202016-03-31%20at%201.23.23%20PM.png" alt="">
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New listings over the past twenty eight days 1.3 percent higher: CoreLogic RP Data

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buyMyPlace.com.au, the commission-free online real estate company has announced strong growth ahead of its anticipated re-listing of the company’s shares on the ASX today.</div>
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<div>The company, which enables property vendors to sell their own property and save thousands in real estate agents commissions fees, has listed on the ASX under the ticker code BMP.</div>
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<div>Shares were trading at 25 cents this morning.</div>
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<div><a href="https://www.propertyobserver.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.41.59%20AM.png" target="_blank">Click to enlarge</a></div>
<div><img src="https://www.urban.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.41.59%20AM.png" alt=""></div>
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In the lead up to the ASX listing <a href="https://buymyplace.com.au/" target="_blank">buyMyPlace.com.au</a> has grown its national property listings by 20 per cent and has grown lead generation by 245 per cent compared to same period prior year, following the commencement of a test marketing TV campaign in late January, the CEO Paul Heath said. 
"We have had a strong response from customers across Australia, as a result of a successful television advertising campaign and strong testimonials from customers ecstatic with their sales results, saving more than $17,000 in agents’ commissions and fees on the average $600,000 home. Some of our customers have saved considerably more than this, depending on how much their property is worth.
“We achieved a record February in sales results and we will continue to update the market on our progress,” he continues.
As a result of increased awareness, through television advertising in WA and Queensland, coupled with media interest in the commission-free sales model and technology disruption of the real estate industry, plus improvements to its website, buyMyPlace has seen a 14% improvement in growth of unique visitors to the site, which is backed up by a 12 percent improvement in site conversions.  
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<a href="https://www.propertyobserver.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.42.13%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.42.13%20AM.png" alt="">
"Clearly there is a strong appetite for Australians to achieve significant savings by selling their property themselves.”
“These results provide a strong case for a national roll out of the advertising campaign in the future, which will be funded by the recently completed Public Offer, raising in excess of $4 million.” 
The company has responded to market demand by introducing three new value packages to its product portfolio.
Over 2,900 Australian homes have been sold since its launch, with over 1,000 current listings.
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<a href="https://www.propertyobserver.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.44.16%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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<img src="https://www.urban.com.au/images/2016/03/15/Screen%20Shot%202016-03-15%20at%2010.44.16%20AM.png" alt="">
 
It attracts an average 30,000 unique website visits per month. 
It has been profitable for past three years with its 2015 revenue at $880,000 and its EBITDA in 2015 $249,000.
The securities of buyMyplace.com.au Limited (formerly Killara Resources Limited) (the “Company”) were suspended from Official Quotation on 30 November 2015.
 
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buyMyPlace.com.au lists

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A cute Curl Curl fibro cottage, which was set to take a starring role in the 2004 film Eucalyptus, has been listed for sale.
The 1940's house, still in its original condition, was cast as the perfect place to shoot the film that was to feature Russell Crowe and Nicole Kidman.
The home missed its chance in the spotlight as the film adaption of the Murray Bail book was cancelled.
Sitting on 700 sqm of level land, the original cottage has three bedrooms and a sunroom, all a short walk to the beach.
The cottage on Bennett Street has been in the same family for over six decades after carpenter Walter Moore bought the property for £3,500 in 1953.
He built the kitchen, and garden shed and gazebo at the back of the property near the original olive tree that still stands, probably the oldest and largest olive tree on the northern beaches. 
The property still boasts a grove of banana trees, nectarines, figs, passionfruit, organs, lemons, macadamia nuts, custard apples, papayas, rare plums and avocados.
Listing agents Graham Bennett and Bernard Hachenberg of Ray White Freshwater have set a price guide of around <a href="https://www.realestate.com.au/property-house-nsw-curl+curl-121949354" target="_blank">$1.7 million for its March 12 auction</a>.
Eucalyptus, the film based on the award-winning book that never made it, tells the story of a young woman whose beauty and unattainability become legend far beyond the rural western New South Wales town.
Kidman was supposed to play the role of the young woman and Jack Thompson as the protective father.
Crowe was selected to play the lead as the lover who, if he could correctly name all the species of Eucalyptus on the father's property would win his daughter's hand in marriage.
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jrobinson-rf4aSBido9

Fibro Curl Curl cottage missed out on Hollywood stardom

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Following recent policy announcements by the Federal Opposition, housing related issues such as affordability have come onto the political agenda. 
Whether Labor’s policies would actually improve housing affordability, especially without supply and infrastructure reforms, remains to be seen. Nevertheless the following piece looks at affordability by analysing median house and unit values into bands across Australia’s suburbs in order to get a deeper look at the cost of housing.
House values tend to be more expensive in capital cities than in regional areas. This is highlighted by the fact that 51.2% of regional suburbs have a median value of between $200,000 and $400,000 compared to 15.4% of capital city suburbs. 
Similarly just 0.6% of capital city suburbs have a median house value of less than $200,000 compared to 13.1% of regional suburbs. There is no value band that shows a clear majority across the combined capital cities however, the 33.1% of suburbs with a median value of between $400,000 and $600,000 is the band with the greatest share of suburbs.
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<h3>Suburb median house value bands, capital cities vs. regional areas, Dec-15</h3>
<a href="/images/2016/03/4/2016-02-29--image1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/4/2016-02-29--image1.jpg" alt="">
Across the unit markets, the greatest share of suburbs both across the capital cities and in regional areas have a median value between $200,000 and $400,000. There is a large difference between the two in that 71.4% of regional suburbs have a median unit value of between $200,000 and $400,000 compared to 41.2% of suburbs in the capital cities. Again when we look at the most affordable suburbs there is a large difference, just 1.7% of capital city suburbs have a median unit value of less than $200,000 compared to 13.3% across regional Australia. 
<h3>Suburb median unit value bands, capital cities vs. regional areas, Dec-15</h3>
<a href="/images/2016/03/4/2016-02-29--image2.jpg" target="_blank"> Click to enlarge</a>
<img src="/images/2016/03/4/2016-02-29--image2.jpg" alt="">
Focusing solely on the data across the capital cities really highlights just how expensive Sydney is relative to other cities.
For houses, 25.3% of Sydney suburbs have a median value of between $1 million and $1.5 million making it the largest single value band for the city. Across the other capital cities the value band with the greatest proportion of suburb median values is $400,000 to $600,000 with the only other exceptions Hobart ($200,000 to $400,000) and Darwin ($600,000 to $800,000).
Sydney, Melbourne and Darwin have no suburbs with a median house value of less than $200,000. In Sydney, 47.8% of suburbs have a median house value of more than $1 million compared to 20.5% in Melbourne, 2.6% in Brisbane, 3.8% in Adelaide and 12.9% in Perth.
<h3>Suburb median house value bands across capital cities, Dec-15</h3>
<a href="/images/2016/03/4/2016-02-29--image3.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/4/2016-02-29--image3.jpg" alt="">
It is a similar story for capital city unit markets with 33.1% of Sydney suburbs having a median unit value of between $600,000 and $800,000 making it the largest band for the city. In most other capitals, the highest proportion of suburbs have a median unit value of between $200,000 and $400,000 with the exception of Melbourne and Perth (both $400,000 to $600,000).
As with house values, no suburbs in Sydney, Melbourne and Darwin have a median unit value of less than $200,000. 8.8% of Sydney suburbs have a median unit value of more than $1 million compared to 0.3% in Melbourne, 0.4% in Brisbane, 0.0% in Adelaide and 0.9% in Perth.
<h3>Suburb median unit value bands across capital cities, Dec-15</h3>
<a href="/images/2016/03/4/2016-02-29-image4.jpg" target="_blank">Click to enlarge </a>
<img src="/images/2016/03/4/2016-02-29-image4.jpg" alt="">
The data shows that particularly in our larger capital cities there is a critical undersupply of affordable housing options (even in the unit market). As a result an increasing number of residents are being locked out of home ownership or are being forced to purchase outside of the cities. Remember that although job prospects are generally better in the larger capital cities the difference in average wages across the capital cities is nowhere near as large as the differences in home values.
Cameron Kusher is research analyst for CoreLogic RP Data. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
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