Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Residential Market

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Rob Astbury of Ray White has sold the Ultra penthouse for $6,250,000 on the Gold Coast. 
Originally two separate apartments, they were converted into one luxurious 938 square metre two level apartment.
The top floor cost $3.5 million in 2005 then a $3 million purchase in 2009.
<a href="https://www.realestate.com.au/property-apartment-qld-broadbeach-114432727" target="_blank">The property</a>, marketed for the past 18 months, sold to the Melbourne businessman who has decided to spend more time with his family at Broadbeach. 
Nabil Grege, who earlier this year sold his Hedges Ave mansion for more than $11 million, secured the apartment that was initially marketed at offers over $10 million before the price dropped to $7.99 million in 2015.
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firstname1-iYD4UYzvBa

Ultra penthouse on Gold Coast sold for $6,250,000

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The Central Coast region has plenty to offer for both owner-occupiers and investors looking to buy at around the $500,000 mark, say valuation firm Herron Todd White in their July 2016 residential market report, which examines properties under and around half-a-million dollars.
“The northern end of the region probably offers more value for money if a more modern style of home is needed. Think of Blue Haven, Hamlyn Terrace and even the odd property in Woongarrah,” says the HTW report.
These are all close to the M1 Freeway and $500,000 will secure a single level, three- or four-bedroom brick and tile home with double garage on an average size land parcel. 
Similarly close to the freeway is Mardi, in some ways the unsung hero of the region where a similar buy-in will secure a good 3- or 4- bedroom home close to the rail station and a regional level shopping centre. 
The days of cheap buys are almost behind us in the older areas of Budgewoi, Halekulani, Buff Point and San Remo, but $500,000 still buys a lot in these areas and the rental returns work well for the investor. 
Toward the middle section of the region but closer to the water are the suburbs of Bateau Bay, The Entrance and Long Jetty. These locations all offer something different. Only the quick or those on a real estate agent’s database are likely to secure a $500,000 buy in Bateau Bay, but they do come up occasionally. It will probably entail an older dwelling with some work required, but Bateau is one for the astute to be aware of. When looking at The Entrance, a spend of $500,000 gets a two- or three-bedroom unit with at least lake views and often an ocean view. Just be diligent with checking the repairs register though as some of the unit complexes here are at the age where repairs are needed and requests for sinking fund top ups can be hefty at times. Ouch! 
“Killarney Vale and Berkeley Vale are good, solid suburbs with equally good facilities and a good vibe for younger people and families. $500,000 buys are becoming limited, but are still around and it is our recommendation to look here. Expect an older dwelling with 3-bedrooms and room to improve. “
As we move down the coast toward the southern end, buys at around the $500,000 mark become harder. They are still available, but just harder to find and we are reminded of the importance of getting onto the buyer’s database of a few agents to receive information on these properties as early as possible. 
If the famous Terrigal is on the radar, then there will be a little disappointment here if $500,000 is the limit but there are still buys at around this amount - usually an older unit or small unit. Even the price of vacant land is nearing $500,000 in Terrigal, if you can find a vacant parcel that is. 
So to for the fabulous Peninsula locations of Umina Beach, Ettalong Beach, Woy Woy and Booker Bay. 
“In years gone by, almost everyone had old aunts, uncles or grandparents at Umina, but those days are nearly gone as the prices being achieved are getting beyond this and sadly, $500,000 buys are becoming rare.
“Our records show the odd buy at this level, but these are mostly for older villas or houses which are not to be ignored in terms of value, but the point being made here is that the market is limited at around $500,000.”
Best buys for around $500,000 on the southern end of the coast include Narara, Niagara Park and Wyoming. These are good locations which are close to services and schools. With the recent strong market, these areas have come into their own and we are seeing cashed up singles, young families, renovators etc moving in. Investors are also well advised to look carefully at these areas. 
“We don’t see much future infrastructure improvements likely in the immediate area, but the Gosford City Centre is very close by and notwithstanding we are in full federal election mode with a new promise made every day, there is action aplenty here in the short term with or without the election.”
Kariong has for some been the go to area for affordability. It is a gateway suburb which adjoins the freeway to Sydney. Prices in Kariong have jumped and it is becoming harder to secure a sub-$500,000 purchase, but they are still around for those quick enough and again, we recommend getting onto the database of the local real estate agent. Expect to find a reasonably good three-bedroom home or tidy villa for $500,000 which may suit the investor. 
As an example of a recently sold sub-$500,000 property, Property Observer found a four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-blue+haven-122982990" target="_blank">71 Kawana Avenue, Blue Haven, NSW 2262</a> which traded hands for $476,000.
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NSW Central Coast has plenty of property options under $500,000: HTW

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With the median house price in Townsville currently trending at around $330,000, an investment of $500,000 will net you a good quality modern home in desirable residential suburbs or a renovated house within the inner city suburbs, say valuation firm Herron Todd White in their July 2016 residential market report. 
“Our suggestions from 12 months ago have not changed much with the median price and market sentiment softening during this period making it very much a market for owner occupier buyers,” says HTW.
Following the recent announcement of federal funding from both sides of government for the proposed CBD stadium and entertainment precinct, houses in the inner city localities of South Townsville, North Ward and Belgian Gardens would be a desirable location for a $500,000 investment. These suburbs typically have renovated older style houses, typically on traditional sized lots within close proximity to the CBD and The Strand. 
Other suggested localities include the middle class suburbs of Idalia, Annandale and Douglas.
"For $500,000 you could buy a good quality masonry block constructed home within a modern residential estate featuring lifestyle facilities such as parks and walking and bike paths," says HTW.
These areas are also within close proximity of major employment hubs including Lavarack Army Barracks, Townsville Hospital and James Cook University. 
Property Observer found a two-bedroom, two-bathroom inner city apartment around the median price on www.realestate.com.au at <a href="https://www.realestate.com.au/property-unit-qld-townsville+city-122431462" target="_blank">1206/106 Denham Street, Townsville City, Qld</a>, which recently exchanged hands for $355,000.
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A modern home beckons owner occupiers for $500,000 in Queensland’s Townsville: HTW 

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Broome had the weakest rental market in WA in the March 2016 quarter.
It's median weekly rental was down 10 percent annually.
The rental data obtained from surveys of REIWA members.
<table class="data-table members-data-table table-striped">
<thead><tr>
<th>RENTAL MARKET</th>
<th>MARCH 2016 QUARTER</th>
<th>CHANGE FROM 3 MONTHS AGO</th>
<th>CHANGE FROM 12 MONTHS AGO</th>
</tr></thead>
<tbody>
<tr>
<td>Perth Metropolitan - Median Weekly Rent</td>
<td class="number-right">$395</td>
<td class="number-right">-1.3%</td>
<td class="number-right">-8.1%</td>
</tr>
<tr>
<td>Perth Metropolitan - Vacancy Rate</td>
<td class="number-right">5.6%</td>
<td class="number-right">-0.4%</td>
<td class="number-right">1.2%</td>
</tr>
<tr>
<td>Mandurah-Murray - Median Weekly Rent</td>
<td class="number-right">$340</td>
<td class="number-right">-2.9%</td>
<td class="number-right">-8.1%</td>
</tr>
<tr>
<td>Mandurah-Murray - Vacancy Rate</td>
<td class="number-right">5.4%</td>
<td class="number-right">1.0%</td>
<td class="number-right">-1.0%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Median Weekly Rent</td>
<td class="number-right">$340</td>
<td class="number-right">-2.9%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Bunbury Urban Area - Vacancy Rate</td>
<td class="number-right">7.9%</td>
<td class="number-right">2.2%</td>
<td class="number-right">3.7%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Median Weekly Rent</td>
<td class="number-right">$310</td>
<td class="number-right">-3.1%</td>
<td class="number-right">-3.1%</td>
</tr>
<tr>
<td>Geraldton-Greenough - Vacancy Rate</td>
<td class="number-right">9.0%</td>
<td class="number-right">1.5%</td>
<td class="number-right">1.7%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Median Weekly Rent</td>
<td class="number-right">$320</td>
<td class="number-right">-8.6%</td>
<td class="number-right">-8.6%</td>
</tr>
<tr>
<td>Kalgoorlie-Boulder - Vacancy Rate</td>
<td class="number-right">6.5%</td>
<td class="number-right">-0.5%</td>
<td class="number-right">3.4%</td>
</tr>
<tr>
<td>Albany Urban Area - Median Weekly Rent</td>
<td class="number-right">$350</td>
<td class="number-right">2.9%</td>
<td class="number-right">0.7%</td>
</tr>
<tr>
<td>Albany Urban Area - Vacancy Rate</td>
<td class="number-right">1.7%</td>
<td class="number-right">0.2%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Busselton Urban Area - Median Weekly Rent</td>
<td class="number-right">$400</td>
<td class="number-right">0.0%</td>
<td class="number-right">-2.4%</td>
</tr>
<tr>
<td>Broome Urban Area - Median Weekly Rent</td>
<td class="number-right">$450</td>
<td class="number-right">-8.2%</td>
<td class="number-right">-10%</td>
</tr>
<tr>
<td>Broome Urban Area - Vacancy Rate</td>
<td class="number-right">0.0%</td>
<td class="number-right">0.0%</td>
<td class="number-right">
0.0%.
</td>
</tr>
</tbody>
</table>
</body></html>

Broome rental market slips backwards

<html><body><div class="propertyStats">
Back around this time in 2015, a half-a-million dollars in Northern Territory’s Alice Springs would have net an investor or owner occupier a four-bedroom, two-bathroom home, possibly with a pool and situated in an established area, claim valuation firm Herron Todd White. 
In their July report on residential property market, HTW reiterate that claim as the broader market has softened over the past 12 months, with the homes providing varying levels of renovations. 
“We have also seen the completion of the first dwellings in the new suburb of Kilgariff. With land starting at $160,000 there are opportunities for first home buyers to take advantage of a First Home Buyers Grant and build their first home,” say HTW in the report.
“There have yet to be any completed dwellings sell in the subdivision, however, we note that a brand new three-bedroom, two-bathroom home with rendered finish, rear verandah and double carport is available at $555,000.”
Property Observer looked up recent sales under $500,000 on www.realestate.com.au and found a two-bedroom, one bathroom house at <a href="https://www.realestate.com.au/property-house-nt-alice+springs-107622519" target="_blank">15 Tietkins Avenue, Alice Springs, NT 0870</a> (above) sold for $427,000.
 
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Alice Springs offers FHBs affordable options under $500,000: HTW

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For the property investor, the question of where to park a lazy $500,000 always remains somewhat challenging in Queensland’s Sunshine Coast, especially given the fact that early and easy capital growth is very difficult to come by, say valuation firm Herron Todd White in their July residential report. 
The $500,000 is a “price point that is also very competitive in the market,” according to HTW.
Beach side properties that provide a modest home with a higher value land component is still a good pick. However, you should be quite selective and along with being prepared for a long-term hold. The gains are not likely to be so easily won over within the next 12 months. There are little to no new beachside estates in the pipeline therefore leading to these properties not being easy to replicate. 
“This is one of the reasons why this product seems so appealing to us,” say HTW.
“The other options we believe continue to have some legs are the rural residential markets in and surrounding the hinterland townships. The market is still yet to recover and remains fairly soft. There is an ability to purchase these properties at below replacement costs which has to hold you in good stead for the future.
“The future upside magnifies if you can afford to get into the $700,000 to $800,000 range where you really do get a lot of home for your money.”
Units in small complexes with low body corporates and near to beaches (typically built in the 1980s) still provide good value at below $300,000, and up to around $400,000 for the refurbished ones, however this market has been picked over in the best areas like Alexandra Headland and Cotton Tree. 
The Sunshine Coast market has been in recovery for some time now. 
“Doing your homework to buy well, and ensuring your investment horizons are more long term, are two ways to try and get the best results.”
The continued good news story of the Sunshine Coast University Hospital, due for completion in 2017, and other infrastructure projects planned for the coast should hold us in good stead. 
As an illustration of the sub-$500,000 market, Property Observer found a three-bedroom, two bathroom house at <a href="https://www.realestate.com.au/property-house-qld-kawana+island-122449458" target="_blank">5 St Lucia Crescent, Kawana Island, Qld 4575</a> which recently sold for $470,000.
<img src="/images/2016/07/25/Sunshine%20Coast.jpg" alt="">
 
 
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For the $500,000 property market, Sunshine Coast offers long-term capital growth: HTW

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Wollongong's preliminary clearance rate for the week ending July 24 came to 68.2 percent according to CoreLogic, leading the Gold Coast (61.9 percent), the Sunshine Coast (50.0 percent) and the Hunter region (47.6 percent).
The median price for a home in Wollongong sits at $665,000, according to CoreLogic.
Property Observer found the below examples of recent sales around the median price.
<a href="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.48.21%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.48.21%20AM.png" alt="">
Three bedroom 96 Rowland Avenue Wollongong (above) <a href="https://www.realestate.com.au/property-house-nsw-wollongong-122458686">recently sold for $620,000</a>.
A neat home, <a href="https://www.realestate.com.au/property-house-nsw-wollongong-121326074">2 New Dapto Road Wollongong</a> (below) NSW 2500 sold for $635,000.
<div id="listing_header">
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%203.16.34%20PM.png" alt="">
<h1> </h1>
</div>
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Wollongong secures 68 percent auction success rate: CoreLogic

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In the Mount Gambier area in the south east of South Australia, $500,000 provides an opportunity to purchase a property within most areas, say valuation firm Herron Todd White in their July 2016 residential market report.
Few dwellings sell for more than $500,000 and demand for property tends to reduce significantly when the market value is greater than $500,000. Properties in this market range typically are owner occupied and are not transferred on the market often, with only eight sales occurring since the beginning of 2015.
"When compared to other regional areas and cities, $500,000 in Mount Gambier is good value for money. This figure will generally get you a modern four-bedroom, two-bathroom residential dwelling situated on a large allotment, similar to the property below," write HTW in their report. 
A property such as the one below at 14 Buffalo Cresent will provide a good quality fit-out with above average fixtures and features.
<img src="/images/2016/04/Mt%20Gambier-first.png" alt=""> 
A 2016, four-bedroom, two-bathroom modern dwelling on an 837 square metre allotment located in a modern residential division with good quality houses surrounding it.
At $500,000 the best performing property is typically a centrally located character dwelling situated on a generous size allotment, similar to the recent sale below. These properties are tightly held and few transact on the market each year.
<img src="/images/2016/07/18/Mt%20Gambier-2nd.png" alt="">
A circa 1925, four-bedroom, two-bathroom, renovated character dwelling on a 1,161 square metre allotment, located in a sought after area surrounded by similar quality homes.
The price point of $500,000 for an investment property in Mount Gambier is quite high. In that particular price bracket an investor could purchase just about anywhere in town and get a rental return of approximately $400 a week for a 3- to 4-bedroom dwelling. There is a price limit that properties tend to be rented for, which does limit the return that can be achieved from higher value properties.
"In our opinion, the money would be best used to purchase two modern residential units which are centrally located within the town as opposed to a house. Most modern residential units sell for between $200,000 and $300,000 and they would generate a rental return of approximately $250 to $300 each per week, which provides a greater percentage return then if an investor were to purchase only one higher valued dwelling."
Outside Mount Gambier, an investment property may be a modern dwelling on the coast which could also be rented out as short term holiday accommodation. Houses that have sold around $500,000 in coastal towns within the region generally include coastal views.
 <img src="/images/2016/07/19/Mt%20Gambier-new.png" alt="">
A 2009, 4-bedroom, 2-bathroom two storey dwelling on a 645 square metre allotment, located on the beach front esplanade and surrounded by good quality houses.
<img src="/images/2016/07/19/Mt%20Gambier-new2.png" alt="">
A circa 1970, 3-bedroom, 2-bathroom two storey dwelling on a 1,043 square metre allotment, located on the Esplanade with good ocean views. As seen in the graph below, not many units reach higher than $350,000. The most common price range for a unit in Mount Gambier is $150,000 to $199,000 and most modern units generally range between $200,000 and $300,000.
<img src="/images/2016/07/19/Mt%20Gambier-graphic.png" alt="">
"With a price point of $500,000 there is likely to be little growth within the next few years. The region has seen little growth in recent years and that trend is likely to continue until significant employment and population growth is seen in the area. This price would generate a good rental return however the value of the property is unlikely to increase in the short term," HTW concludes.
 
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prateek24-ezbwHMbNAk

Mount Gambier in SA offers better property value for $500,000 than other regional areas: HTW 

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There were 20 Melbourne suburbs with at least 25 unit sales in the June quarter included in the list of the best performing, according to the REIV.
Elwood headed the list jumping to a $709,000 median.
Property Observer found four Elwood apartment offerings and sales around the median price.
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Suburb"}'>Suburb</td>
<td data-sheets-value='{"1":2,"2":"Jun-16 Median"}'>Jun-16 Median</td>
<td data-sheets-value='{"1":2,"2":"Mar-16 Median"}'>Mar-16 Median</td>
<td data-sheets-value='{"1":2,"2":"Quarterly Change"}'>Quarterly Change</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ELWOOD"}'>ELWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":709000}'>$709,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.233}'>23.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BENTLEIGH EAST"}'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":920000}'>$920,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":755000}'>$755,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.219}'>21.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAWTHORN EAST"}'>HAWTHORN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":701000}'>$701,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.219}'>21.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KENSINGTON"}'>KENSINGTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":530000}'>$530,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":435000}'>$435,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.218}'>21.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"GLEN WAVERLEY"}'>GLEN WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":813500}'>$813,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":682000}'>$682,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.193}'>19.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARNEGIE"}'>CARNEGIE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":590000}'>$590,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":501000}'>$501,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.178}'>17.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRIGHTON"}'>BRIGHTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":953000}'>$953,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":815000}'>$815,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.169}'>16.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ARMADALE"}'>ARMADALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":643500}'>$643,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":551000}'>$551,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.168}'>16.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARLTON"}'>CARLTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":405500}'>$405,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":347500}'>$347,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.167}'>16.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SOUTH MELBOURNE"}'>SOUTH MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":692000}'>$692,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":600000}'>$600,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.153}'>15.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HIGHETT"}'>HIGHETT</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":712500}'>$712,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":625000}'>$625,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.14}'>14.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DANDENONG"}'>DANDENONG</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":352500}'>$352,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":310000}'>$310,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.137}'>13.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAULFIELD NORTH"}'>CAULFIELD NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":652500}'>$652,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":585000}'>$585,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.115}'>11.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"COLLINGWOOD"}'>COLLINGWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":686000}'>$686,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":617500}'>$617,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.111}'>11.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"THORNBURY"}'>THORNBURY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":507500}'>$507,500</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":460000}'>$460,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.103}'>10.30%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEW"}'>KEW</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":760000}'>$760,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":690000}'>$690,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.101}'>10.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRUNSWICK EAST"}'>BRUNSWICK EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":575000}'>$575,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":524500}'>$524,500</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.096}'>9.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MELBOURNE"}'>MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":440000}'>$440,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":403000}'>$403,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.092}'>9.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PRAHRAN"}'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":541000}'>$541,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":500000}'>$500,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.082}'>8.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ST ALBANS"}'>ST ALBANS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":340000}'>$340,000</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":316000}'>$316,000</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.076}'>7.60% 
</td>
</tr>
</tbody>
</table>
A northern block apartment, <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122804914" target="_blank">14/135-137 Brighton Road Elwood</a> (above) recently sold for $580,000.
Apartment <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122957950" target="_blank">3/145 Glen Huntly Road</a> Elwood (below) recently sold for $670,000.
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.14.48%20PM.png" alt="">
 
The two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122192270" target="_blank">5/15 Dickens Street Elwood</a> (below) recently sold for $686,000
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.20.07%20PM.png" alt="">
An apartment with city views, <a href="https://www.realestate.com.au/property-apartment-vic-elwood-122094842" target="_blank">26/125 Ormond Road Elwood</a> (below) sold for $690,000
 <img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%202.25.04%20PM.png" alt="">
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Elwood heads Melbourne's best 20 performing unit markets

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Karratha, then Port Hedland continue to bear the brunt of the collapsing WA property market, according to the REIWA March quarter data.
Median prices and sales of properties are derived from Landgate data, excluding properties more than 1 Ha.
Karratha has seen a 25 percent property price decline from 12 months ago, and a 10.8 percent decline in the last three months.
A four bedroom home at <a href="https://www.realestate.com.au/property-house-wa-karratha-122763422" target="_blank">2 Thistle Loop</a> in Karratha (above) was initially listed with $485,000 hopes but the asking price has been slashed to $445,000 in just two months.
The suburb of Port Headland is also decreasing quickly, down 23.1 percent from 12 months ago.
Broome has seen the biggest property value decline in the last three months with an 11.2 percent decline.
Surprisingly Northam is performing well. The suburb has seen a 19.6 percent increase in property values from 12 months ago and 17 percent in the last three months.
 
 
<table class="data-table members-data-table table-striped">
<thead><tr>
<th>PROPERTY VALUES (MEDIAN SALE PRICES)</th>
<th>MARCH 2016 QUARTER</th>
<th>CHANGE FROM 3 MONTHS AGO</th>
<th>CHANGE FROM 12 MONTHS AGO</th>
</tr></thead>
<tbody>
<tr>
<td colspan="4">Houses, Established</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$530,000</td>
<td class="number-right">-1.9%</td>
<td class="number-right">-4.5%</td>
</tr>
<tr>
<td>Mandurah - Murray</td>
<td class="number-right">$400,000</td>
<td class="number-right">3.4%</td>
<td class="number-right">-4.8%</td>
</tr>
<tr>
<td>Bunbury Urban Area</td>
<td class="number-right">$392,000</td>
<td class="number-right">4.5%</td>
<td class="number-right">0.5%</td>
</tr>
<tr>
<td>Geraldton - Greenough</td>
<td class="number-right">$325,000</td>
<td class="number-right">-11.0%</td>
<td class="number-right">-16.3%</td>
</tr>
<tr>
<td>Kalgoorlie - Boulder</td>
<td class="number-right">$327,000</td>
<td class="number-right">-4.5%</td>
<td class="number-right">-3.1%</td>
</tr>
<tr>
<td>Albany Urban Area</td>
<td class="number-right">$390,000</td>
<td class="number-right">4.0%</td>
<td class="number-right">0.0%</td>
</tr>
<tr>
<td>Broome Urban Area</td>
<td class="number-right">$475,000</td>
<td class="number-right">-11.2%</td>
<td class="number-right">-19.0%</td>
</tr>
<tr>
<td>Busselton Urban Area</td>
<td class="number-right">$449,000</td>
<td class="number-right">-4.5%</td>
<td class="number-right">-1.3%</td>
</tr>
<tr>
<td>Esperance Urban Area</td>
<td class="number-right">$355,000</td>
<td class="number-right">1.4%</td>
<td class="number-right">-12.9%</td>
</tr>
<tr>
<td>Karratha Urban Area</td>
<td class="number-right">$330,000</td>
<td class="number-right">-10.8%</td>
<td class="number-right">-25.0%</td>
</tr>
<tr>
<td>Northam</td>
<td class="number-right">$280,000</td>
<td class="number-right">17.0%</td>
<td class="number-right">19.6%</td>
</tr>
<tr>
<td>Port Hedland Urban Area</td>
<td class="number-right">$500,000</td>
<td class="number-right">-2.0%</td>
<td class="number-right">-23.1%</td>
</tr>
<tr>
<td>Regional WA</td>
<td class="number-right">$380,000</td>
<td class="number-right">1.3%</td>
<td class="number-right">-3.8%</td>
</tr>
<tr>
<td colspan="4">Multi-Residential</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$436,000</td>
<td class="number-right">0.2%</td>
<td class="number-right">-1.6%</td>
</tr>
<tr>
<td colspan="4">Land</td>
</tr>
<tr>
<td>Perth Metropolitan</td>
<td class="number-right">$265,000</td>
<td class="number-right">-0.4%</td>
<td class="number-right">-1.3%</td>
</tr>
<tr>
<td>Regional WA</td>
<td class="number-right">$185,000</td>
<td class="number-right">4.5%</td>
<td class="number-right">
3.9%
 
 
</td>
</tr>
</tbody>
</table>
</body></html>

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