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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

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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SQM Research's top ten most discounted list features one new property this week - 17 Turner Drive Guilderton, Western Australia.
According to SQM the property first came onto the market in August 2014, with asking offers above $630,000. In February 2015 the asking price was dropped  $500,000, with a further $50,000 recently knocked off of the price.
The <a href="https://www.domain.com.au/17-turner-drive-guilderton-wa-6041-2011338769" target="_blank">home has three bedrooms</a>, one bathroom, double garage, generous sized timber deck, detached boat shed, alfresco dining area at the rear and stunning timber floorboards.
<a href="/images/2016/02/18/Screen%20Shot%202016-02-18%20at%208.21.32%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/18/Screen%20Shot%202016-02-18%20at%208.21.32%20AM.png" alt="">
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mick.cee-iDmgDDAmu8

New entrant on SQM's top ten discounted properties list

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Stockland, the nation's largest diversified real estate investment trust, today reported an 8.1 per cent increase in first-half underlying profit to $313 million.
After the group settled 2,770 lots in the six months ended December 31, its chief executive, Mark Steinert said that favourable conditions in Sydney and Melbouurne saw the company ending its first half with a record number of contracts in hand.
"We've activated a high proportion of our residential land bank and we have sufficient depth to our projects in high demand corridors to underpin future organic growth," he said.
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<img src="/images/2016/02/10/Screen%20Shot%202016-02-10%20at%2012.32.47%20PM.png" alt="" width="450" height="292">
Stockland delivered a 45 per cent increase in operating profit in its residential division.
Its material improvement in profitability was driven by new projects and market conditions.
With record contracts on hand, full year settlements are expected to be slightly above its through the cycle range of 5,000- 6,000 lots.
<a href="/images/2016/02/10/Screen%20Shot%202016-02-10%20at%2012.33.52%20PM.png" target="_blank">Click to enlarge</a>
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The company said it adopted a disciplined restocking focussed on key urban markets - Craigieburn and Mickleham, Melbourne, consolidation ~1,000 lots; Rowville, Melbourne, stand alone medium density, 180 dwellings; Waterway Downs, Gold Coast, ~750 dwellings
Its sell outs included at Arve (Ivanhoe, Melbourne) with 150 townhomes under construction.
Stockland signaled it was bringing to market four additional projects in priority metropolitan corridors in 2H16: Schofields (Sydney); Macarthur Gardens (Sydney); Newport (Brisbane) and Pallara (Brisbane).
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<img src="/images/2016/02/10/Screen%20Shot%202016-02-10%20at%2012.37.32%20PM.png" alt="" width="558" height="295">
 
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jchancellor-FAypfDUnLy

Stockland reports 8.1 percent increase in first-half underlying profit

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Median house prices fell in Perth in the quarter ended December from the comparable quarter a year earlier, although the results reflected trends seen throughout 2015, preliminary data from REIWA shows.
The December quarter showed the expected impact the Christmas and New Year period traditionally has on the property market, said REIWA President Hayden Groves.
“It’s not uncommon to see a fluctuation in the market at this time of year as it is typically a quieter time in WA real estate. Properties come off the market over the holidays and sales tend to drop off,” he said.
“We get a much clearer picture of how the market is travelling when comparing the data to the December 2014 quarter.”
Houses and units 
Perth’s preliminary median house price came in at $530,000 for the three months to December 2015.
“This is down 0.2 per cent on the revised September 2015 quarterly median and down five per cent when compared to the December 2014 median, however on an annual basis for the year to December 2015 Perth’s median house price held firm dipping just 1.8 per cent,” Groves said. 
Median price for units in the quarter fell 2.2 per cent from the year-ago quarter, though it was up 1.2 per cent to $435,000 over the quarter.
Further, 35 per cent of all house sales in the Perth metro area were in the $360,000 to $500,000 price range. 
“This shows us that first home buyers are still very active and recognise that there is an opportunity in the current market to take the step into home ownership,” Groves said. 
Sales volumes in the $500,000 to $750,000 price range weren’t far behind, making up 32 per cent of total sales volumes in the December 2015 quarter. 
Groves said activity in this bracket tended to be from current home owners who wanted to upgrade to their next home. 
Listings 
Listings for sale fell 3.8 per cent to 14,551 in the December quarter, following a peak of 16,969 in November. 
“It’s not uncommon for listings to drop off at this time of year as traditionally properties are taken off the market around the holiday period before returning to normal levels in the New Year,” Groves said.
“When we compare this figure to the December 2014 quarter we see, as was the case throughout 2015, listings are still higher than the long-term average.”
Sales volumes 
Sales volumes for the three months to December, however, fell sharply to 5,909 from 9,176 in the September 2015 quarter. 
“We estimate that once all sales have settled in the coming months the total number of dwelling sales in WA will come in at around 6,500 for the quarter,” Groves said. 
Selling days and discounting  
Average selling days in the Perth metro area were 59 days in the December quarter, again 13 days more than a year earlier.
“Additionally, 47 per cent of vendors needed to discount their asking price in order to sell in the December quarter, which is an improvement on the September quarter but higher than for the three months to December 2014,” Groves said.
Rental market 
Perth’s overall median rent price in the quarter came in at $400 per week, down $40 from a year earlier though it was steady on the September quarter.
For houses, it was $410, and for units $380. 
Rental listings increased to 9,532 in December from 8,267 in September, while the vacancy rate rose to six per cent. 
Investors were faced with short-term challenges, but it was a good time for tenants to secure a lease at more affordable prices.
“Migrations trends have changed rapidly in WA over the last six months and housing supply has increased. This has caused demand for rental housing to lessen putting downward pressure on prices. 
“The property market is cyclical and long term the projected population growth in WA is still expected to continue which will soak up stock and even out the imbalance we’re seeing,” he said. 
Regional WA 
Results were mixed across regional WA, with regions in the state’s north continuing to adjust, while those in the south were generally more stable. 
Top performers in the quarter were Augusta-Margaret River with 6.5 per cent growth to its annual median house price, followed by Blackwood with a modest increase of 0.7 per cent. 
Groves said the North West sub-region was still feeling the impact of the shift to production in the mining sector, with annual growth in the Kimberley and Pilbara regions declining 3.6 per cent and 26.6 per cent respectively. 
“These areas are experiencing an adjustment as construction slowed down significantly in a short period of time changing the employment requirements. However, when we look at the longer term growth rates for these areas we can see they have declined at a much slower rate,” Groves said.
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Perth house prices dip, rentals fall in December quarter: REIWA data

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Selling Houses Australia is back for its eighth series and starts in Ballarat.
Vendor Karen has bought an apartment off the plan in the city and wants to sell her family's old home. 
The average time on market for a house in Ballarat is 78 days, according to CoreLogic RP Data, but this one has taken longer. 
Designer Shaynna Blaze and landscaper Charlie Albone will be improve the home for Andrew Winter to sell.
Selling Houses Australia on the LifeStyle channel was watched by roughly 160,000 each episode last year, the shows record. 
The first episode focuses on Ballarat before moving on to Queensland and WA.
They head to New South Wales for the fifth episode in Stroud and the sixth in Baulkham Hills.
The full episode list is below
- <a href="https://www.lifestyle.com.au/tv/selling-houses-australia/episode.aspx?id=9283527" target="_blank">Episode 1. Ballarat, VIC</a>
- Episode 2. Forest Lake, QLD
- Episode 3. Yallingup, WA
- Episode 4. Mudgerraba, QLD
- Episode 5. Stroud, NSW
- Episode 6. Baulkham Hills, NSW
- Episode 7. Leongatha, VIC<a class="P" href="https://www.lifestyle.com.au/tv/selling-houses-australia/episode.aspx?id=9283527"> </a>
- Episode 8. Ascot Vale, VIC
- Episode 9. North Haven, SA
- Episode 10. Bayswater, VIC
- Episode 11. Maitland, NSW
- Episode 12. Yass, NSW Part One
- Episode 13. Yass, NSW Part Two
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Ballarat stars in season return of Selling Houses Australia, on the LifeStyle channel

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Radio host Michael Wipfli is calling time on his leafy east brick Victorian-era Melbourne home he shares with wife Lisa.
The Nova FM breakfast presenter bought the Armadale property for $1.48 million in 2010 but it seems the pair want more space after it was announced in December that they are expecting their second child.
The renovated property features three bedrooms, the master bedroom having an open fireplace, walk in wardrobes and an ensuite.
A tessellated tiled verandah and a traditional arched hall were the original features maintained during the modern renovation.
A new stainless steel and solid timber kitchen leads to a rear landscaped courtyard.
Listed through Jellis Craig's Simon Dale, <a href="https://www.realestate.com.au/property-house-vic-armadale-121713266" target="_blank">90 Sutherland Road</a> is expected to bring in over $1.7 million at its February 20 auction.
According to CoreLogic RP Date, the median house price in Armadale is $1.83 million. 
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Radio host Michael Wipfli to sell

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Australia’s largest body of professional buyer’s agents is warning homebuyers and investors to ‘think local’ when it comes to property predictions for 2016.
It has urged buyers to base their buying decisions on supply and demand rather than potential hotspots.
The Real Estate Buyers Agents Association of Australia (REBAA) president Rich Harvey listed some no go zones in capital cities across Australia.
He noted conflicting property predictions suggesting prices in various locations will rise or fall could confuse buyers into making the wrong investment decisions.
“The problem with any forecast is trying to sum up the direction of a diverse range of property markets into a single figure or hotpot,” said Harvey.
“Australia has over 15,000 suburbs and there are more than 700 suburbs in Sydney, more than 540 in Melbourne and around 450 in Brisbane.
“So to say that Sydney will rise by four per cent can give a misleading perception to a novice investor thinking that buying an over-priced off-the-plan apartment in Zetland will actually see price growth in their property.
“That poor investor may well see a five per cent decline in the value of their property due to the rapid increase in supply in that local market.”
Harvey recommends buyers and investors need to look at the individual drivers of supply and demand within a smaller zone and at a suburb level.
“While the overall predictions give you some comfort that property is a good asset class, it is far better to think long-term and become an expert in the local housing market and make informed decisions accordingly,” he said.
“In markets where values are escalating quickly, it’s a potential minefield for buyers who feel under pressure to buy.
“Buyers need to ensure they understand the local growth drivers of supply and demand and that they are in the right price pocket for that particular location. “A buyer’s agent can help analyse the data quickly using the best valuation tools available and guide buyers through the property maze with minimum stress.”
The REBAA recommends the following property investments to avoid in 2016:
Brisbane Brisbane Avoid: High density apartments in the CBD, West End and Fortitude Valley. Recommend: Character houses in low density, established areas with good schools, transport and lots of renovation activity.
Sydney
 Avoid: High density off-plan apartments in Mascot, Zetland, and some pockets around Parramatta and Rhodes with potential for oversupply as record building approvals take shape. Sydney still fundamentally under-supplied, but a short-term spike in units coming to market will depress rents. 
Recommend: Blue chips suburbs with strong growth potential: Eastern suburbs North Shore, inner west. Suburbs with lifestyle appeal, new transport infrastructure, growing population and continuing gentrification.
ACT 
Avoid: High density apartments either existing or off the plan in most areas. 
Recommend: Small boutique existing townhouse developments. Homes in established areas with access to good schools - inner north, inner south, Belconnen and Woden areas.
Melbourne 
Avoid: High density apartment blocks. Much like the Sydney market, avoid areas like Docklands and possibly Fisherman’s Bend and other areas that are being oversupplied with new, high-rise apartment blocks. 
Recommend: Low density developments that are well built with manageable ongoing running costs. Land is in short supply, so if you can afford to buy property in a good, well-serviced location with some land, then do that.
South Australia 
Avoid: Off-the-plan apartments in the Adelaide CBD. 
Recommend: Properties with development potential in middle-ring suburbs continue to increase in popularity. Also character properties with renovation potential in good suburbs on the “fringe” of upmarket established locations.
Tasmania 
Avoid: Lifestyle properties away from major population centres for income investment. Great if you plan to live there but not the best choice for a good performing long-term investment.
Recommend: Character properties in the inner city Hobart suburbs such as North Hobart, New Town and West Hobart are in very high demand with buyers out stripping supply. This shortage of supply is impacting on higher prices. A wellpriced renovator in these areas could be extremely beneficial. Also buying on the fringes of these suburbs is worth considering.
Western Australia 
Avoid: Developing suburbs on the outer northern and southern metropolitan fringes of Perth where there is currently an oversupply which is expected to continue for the next 12 to 18 months. Likewise the Perth unit market is looming for an oversupply for the next 12 months to two years. 
Recommend: Houses in a 10-20km radius of Perth with reasonable land holdings and rentable older houses. Likewise suburbs where there have been zoning changes and infrastructure spending can still provide opportunities for good buying. 
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Property investor no-go warning: Avoid Brisbane CBD, the Valley, Docklands and Zetland: Rich Harvey

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Homeowners trying to sell their homes on their own — for-sale-by-owners (FSBOs) — are courted by emerging disruptive websites.
Most of them want to save money on real estate commissions, rather than because they feel they don’t need a professional to sell their home.
Recent data from a National Association of Realtors survey in the United States shows that less than 10 percent of FSBOs actually sell.
The Inman site listed some of the top reasons why FSBOs fail in real estate.'
1. Owners do not know how to screen potential buyers and fail in the closing process.
2. Owners fail to solve buyer’s queries.
3. Owners don’t understand the concept of ‘golden time’, as according to this concept, homeowners get the most money for their homes shortly after of putting the property on the market. 
4. Owners fail to understand the contract procedures.
5. FSBOs don’t know how to handle the home building inspection findings.
6. FSBOs incorrectly price their homes too high.
7. FSBO homes lack exposure.
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Property 101: Why for sale by property owners fail

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Lu Lu Pallier from Sydney Sotheby's International Realty, has noted Chinese buyers are finding it increasingly difficult to get money out of the country.
Her comments to the Australian Financial Review comes as Beijing tightens foreign exchange controls in a bid to support its weakening currency.
Lu Lu Pallier said she had detected it in recent weeks that clients were having difficulty moving money offshore.
"It is getting harder for them to send money out...I've been told since the start of the year it has tightened up," she said.
The Shanghai-born Ms Pallier said Australian properties priced below $5 million would be the hardest hit as buyers often did not already have their money already offshore.
"These people don't have other ways, like through their business, to get money out of the country," she noted.
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Chinese buyers' pool for Australian property set to tighten

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Finance commentator, and Channel 7's Sunrise breakfast host, David Koch has released his predictions for the 2016 housing market suggesting continued Gold Coast price growth.
He and his wife Libby ranked their 2015 forecasts giving themselves up to a "B" for their overall economic predictions which included a Gold Coast property market rebound.
David or 'Kochie' had been highly critical of the Gold Coast in recent years, advising property investors to <a href="/expert-insights/investing/kochie-to-property-investors-avoid-catastrophic-gold-and-sunshine-coasts">avoid the "catastrophic" Queensland coast in early 2012</a>.
<a href="/news/qld/gold-coast-basket-case-a-good-bet-for-property-bargains-david-koch">He was back in mid-2013</a> with further criticism of Gold Coast investment.
A slower population growth and a tightening of lending criteria for investors will offset low interest rates in 2016 across the country.
But they see further growth in the Gold Coast.
They claim there will be a definite slowdown in Sydney and maybe a slight fall under 10 percent but there will be no crash.
Perth and Brisbane are expected to improve with Melbourne to slow but stay positive.
Adelaide, Hobart and Canberra are predicted to be flat, according to their recent News Ltd column.
"Much will depend on whether investment property sales dry up as a result of lower price growth and falling rental yields.
"If investors withdraw it will take demand pressure out of the market and prices will soften," the couple advised.
Their 2012 strong call still sees them attract local opprobrium. 
The Ray White Surfers Paradise boss Andrew Bell couldn't resist a slight shake of the head when he referred to the 2012 Koch call, and his current call, during his update to the auction crowd yesterday.
“Stacked up against Sydney and Melbourne, the Gold Coast is very affordable and because we’re still coming off a fairly low base there is more room for capital growth," Bell said.
He noted property investors were responding to this with about 50 per cent of our registered bidders were from interstate.
Bell referred to SQM Research managing director Louis Christopher who has forecast growth of up to 11 per cent in Gold Coast prices.
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David Koch forecasts continued Gold Coast market rebound

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GUEST OBSERVER
While the economic outlook for 2016 is weak, there are still locations across Australia that provide good investment opportunities.
With the latest Onthehouse.com.au data, I have identified the top 10 areas to watch in the year ahead, based on strong growth performance, cyclical growth expectations, upcoming developments and historical growth patterns.
While Sydney has been the clear growth winner in recent years, it is in a downswing of its current growth cycle so it is not on the Top 10 list. However, Regional NSW is set to be the winner in 2016, with four regional NSW cities topping the list.
Queensland also has a strong presence on the list, with a total of four metro and regional centres making the Top 10.
The following table lists the Top 10 cities to watch in 2016. 
<div class="meta"><a href="/images/2016/01/14/Table_1.jpg" target="_blank">Click to enlarge</a></div>
<div class="meta"> </div>
<div class="meta"><img src="/images/2016/01/14/Table_1.jpg" alt=""></div>
 
With cities such as Wollongong and Newcastle being considered as re-homing areas for displaced Syrian refugees, Tasmania continuing to pick-up its tourism market and Queensland boasting some large development projects, there are many emerging areas showing positive economic potential.
Here is my quick breakdown of why each identified area made the list...
City of Gosford, NSW
Suburbs within the City of Gosford enjoy a spill-over of wealth from Sydney in the form of residential investment and from tourism to the lakeside city. Despite enormous growth in 2015, regional NSW tends to lag a little behind Sydney. This is supported by historical growth patterns, therefore growth could continue into 2016.
Lake Macquarie Region, NSW
Lake Macquarie is popular with tourists who are seeking a quick getaway from Sydney, as it is only a two-hour drive from the Sydney CBD. The area contains suburbs with very affordable dwellings, some with strong rental yields. For owner occupiers, the area is popular with retirees and has a growing health care sector to support quality of life.
City of Newcastle, NSW
Newcastle has undergone tremendous development in the last few years. This has partially been the result of people and businesses being priced out of Sydney and seeking more affordable rent in a nearby city. As a result, the Central Coast has transformed over the last few years. Newcastle and Wollongong have also been named as areas to relocate Syrian refugees, which would encourage population growth and increase demand in the economy for a range of services; provided refugees are set up with adequate resources.
City of Shellharbour, NSW
The City of Shellharbour is another regional NSW area that is set to benefit from the Sydney wealth spill-over. Shellharbour is also home to the established City of Wollongong, which has excellent educational and medical facilities, as well as a beautiful coastal setting.
City of Whittlesea, VIC
This is more of a cyclical evaluation; where lower value properties are expected to follow the high end. It's also worth noting that as population growth remains high over the next decade (particularly in Melbourne as approximately one-third of migrants settle in Victoria), anywhere within reasonable distance and commute time to the CBD is likely to see long-term growth. Stockland survey data also suggests that Sydney buyers were registering their interest in Melbourne property, suggesting the appeal of Melbourne will continue in 2016 as residual wealth from Sydney is transferred to the relatively affordable Melbourne market.
Brisbane Metropolitan, QLD
Growth in Brisbane is expected to be partially out of cyclical movements. Historically, Brisbane usually peaks in capital growth after the Sydney and Melbourne markets. As Melbourne is likely coming into peak growth now, Brisbane could see higher value increases in 2016. It is worth noting that this could be mitigated by increases in home loan interest rates and slowed economic growth both globally and in Australia, plus slowed rates of migration to Queensland, which fell by approximately 22 per cent in the year to June 2015.
However, an increase in tourism may drive employment; attracting migration and dwelling demand in the future. According to Tourism Research Australia, Brisbane was the third top holiday destination of overseas visitors, followed by the Gold Coast, with the Sunshine Coast also featuring in the top 10. There are currently also large development programs happening around Brisbane, including a casino at the Queens Wharf site. It is worth making the distinction that this may not be a long-term growth driver, but if you are only looking at movements for the next few years then this area has potential.
City of Logan, QLD
The City of Logan is a growth centre, conveniently located between Brisbane and the Gold Coast. Enormous development projects have been approved in the region, particularly in Beenleigh, where the town's CBD is set to see new residences, commercial offices, a new theatre, medical centre and café precinct. However, the highest growth potential is likely to be in surrounding suburbs where values remain relatively affordable.
Greater Hobart, TAS
Tasmania has presented some surprising growth results in 2015. The Hobart CBD and surrounding suburbs in particular have drawn many tourists. Hobart is regarded for its historic charm, with many heritage buildings preserved. Tasmania also has highly regarded produce, which, combined with trade subsidies provided by the federal government, will help to boost exports from Tasmania. As tourism and hospitality pick up in Tasmania, popular centres like Hobart could see further capital growth from employment, affordability and dwelling demand in 2016.
Gold Coast, QLD
According to Tourism Research Australia, the Gold Coast was the fourth most visited destination by tourists in the year to September 2015. The Gold Coast has also recently outperformed growth in both Brisbane and the Sunshine Coast, suggesting the booming value of this area.
The Gold Coast is also set to host the Commonwealth Games in 2018. Chairman of the Gold Coast 2018 Commonwealth Games Corporation, Nigel Chamier, has claimed that preparations for the games are under budget and ahead of schedule, enabling new sports facilities to be trialled in 2017. The government expects $2 billion worth of contracts across the Gold Coast and in other parts of the south-east corridor, in preparation and execution of the Games.
Finally, major residential developments are occurring in the Gold Coast CBD, including The Ruby Towers development, which is expected to be complete in six years time. Although the city centre has seen recent escalations in value, a spill-over of growth may also be expected in nearby suburbs such as Oxenford, Helensvale and Robina.
Sunshine Coast, QLD
As developers anticipate strong migration and affordability to drive dwelling demand, there has been increased construction activity on the Sunshine Coast. Part of the more general cyclical trend, which may see the south-east of Queensland see steady growth in the area, the Sunshine Coast also achieved steady capital growth over 2015. New developments in the region include a University Hospital set to open in late 2016.
<div class="meta"> </div>
<div class="meta">Eliza Owen is the market analyst for Onthehouse.com.au. She can be contacted <a href="https://www.onthehouse.com.au" target="_blank">here.</a></div>
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