<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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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jonathanchancellor-7SQnKwU6yx

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="">
 
 
</body></html>

For the $500,000 property market, Sunshine Coast offers long-term capital growth: HTW

<html><body>
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>
</body></html>

Wollongong secures 68 percent auction success rate: CoreLogic

<html><body>
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 

<html><body>
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="">
</body></html>

Elwood heads Melbourne's best 20 performing unit markets

<html><body>
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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