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

<html><body>
For the fifth consecutive week, CoreLogic RP Data is expecting over 3,000 auctions to be held across the combined capital cities, with 3,028 scheduled this week, down from 3,252 last week and the year’s record number of auctions the previous week (3,729).
There will be less capital city auctions this week, relative to last year, when there were 3,511 over the corresponding week.
Despite auction volumes falling on a broad capital city level, the same cannot be said for Adelaide, the only capital city where auction volumes are set to rise, with 151 Adelaide auctions scheduled this week, compared to 138 last week.
Melbourne auction volumes, down from 1,622 last week to 1,601 this week, have remained relatively steady, while across Sydney, auction activity will be significantly lower this week (902), compared to last week (1,070).
Capital City Auctions this week:
<ul>
<li>
Sydney: 902
</li>
<li>
Melbourne: 1,601
</li>
<li>
Brisbane: 179
</li>
<li>
Adelaide: 151
</li>
<li>
Perth: 61
</li>
<li>
Canberra: 116
</li>
</ul>
Summary of last week’s results:
<a href="/images/2015/12/9/20151210-clearance-rate-table.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/9/20151210-clearance-rate-table.jpg" alt="" width="773" height="440">
<a href="/images/2015/12/9/20151210-clearance-rate-graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/9/20151210-clearance-rate-graph.jpg" alt="" width="789" height="335">
Last week, the combined capital city final auction clearance rate was recorded at 57.3%, the lowest reading since February 2013. Much of the overall weakness was driven by Sydney, where only 52.9% of the reported auctions were sold last week, dropping from 56.2% the previous week.
Melbourne’s final auction clearance rate was 63.3%, over 10 percentage points higher than Sydney’s, but still lower than the cities result over the week prior (65.9%).
Adelaide was the only other capital city where the final auction clearance rate didn’t fall below 60%. There were 130 Adelaide auctions reported from a total of 138 that were held.
<a href="/images/2015/12/9/20151210-sub-regions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/9/20151210-sub-regions.jpg" alt="">
 
</body></html>

smiller-vwPjRHTkST

Adelaide the standout mover in capital city auction volume: CoreLogic RP Data's Shana Miller

<html><body>
GUEST OBSERVER
The Australian Chamber-Westpac Survey of Industrial Trends, the longest running business survey in Australia, dating from 1966, provides a timely update on the manufacturing sector and insights into economy-wide trends.
The Westpac-AusChamber Actual Composite index moderated in the December quarter to 53.5, down 3.2pts, from 56.7 in September. This is a still solid reading, above the historic average of 49 and up from an average of 52.4 for 2014.
The trend strengthening of the Composite index in 2015 has been centred on new orders, output and overtime, with some moderation in new orders and output in the final months of the year.
Manufacturing is benefitting from a strong upswing in new home building activity, as well as the lift in renovation activity and from the significant improvement in competitiveness flowing from the sharply lower currency, down 25% against the US dollar from mid-2014. However, the cycle remains constrained. Consumer spending is below trend, mining investment is turning down sharply and global fragilities persist. 
Exports are rising modestly, supported by the lower currency but constrained by still sluggish world growth. A net 3% of firms reported a lift in exports.
Expectations are positive, centred on new orders and output. Firms expect to respond to this strength by increasing overtime. The Expected Composite index is at 60.8, up 1.0pt on September. A net 38% expect the general business environment to strengthen over the next six months, up from 19% in September.
Businesses are looking to 2016 to be a positive year for profitability, driven by increased turnover and a lower Australian dollar boosting export returns. A net 19% expect profits to increase.
There are tentative signs that investment by the sector is nearing a turning point, consistent with a trend reduction in the sector's spare capacity. A solid net 15% of firms expect to increase equipment spending in the next year. The improvement has, to date, been centred on fewer firms looking to reduce spending.
On jobs, the survey's Labour Market composite was at a solid 52.2 in December, albeit down from a five year of 55.9 in September. The Index correctly foreshadowed the strengthening in economy wide jobs growth evident over the past year. It points to further solid gains into 2016.
<a href="/images/2015/12/9/Screen%20Shot%202015-12-10%20at%2011.13.24%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/9/Screen%20Shot%202015-12-10%20at%2011.13.24%20AM.png" alt="">
Andrew Hanlan is senior economist for Westpac and can be contacted <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/andrew-hanlan/3/222/430" target="_blank">here</a>. 
</body></html>

mick.cee-iDmgDDAmu8

Conditions moderate, but still positive: Westpac's Andrew Hanlan

<html><body>
<div>At the headline level it was another spirited month for housing finance nationally, with the seasonally adjusted $32.6 billion in October being the sixth greatest month on record following a lending blitz through 2015.</div>
<div> </div>
<div>Although owner-occupier commitments increased again in the month, investor finance continued to slump, dropping by 6.1%.</div>
<div> </div>
<div><a href="/images/2015/12/9/HF1.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/12/9/HF1.jpg" alt=""></div>
<div> </div>
<div>
<div>The devil of this data series forever lies within the detail, with a number of sources indicating that there has been a level of jiggery-pokery with regards to the classification of loans between owner-occupiers and investors (since there is now a clear price incentive to opt for homebuyer loans).</div>
<div> </div>
<div>The second chart below shows that owner-occupier commitments and refinancing have both increased solidly, while APRA's macroprudential measures have ensured that investor finance is now falling away quickly.</div>
<div> </div>
<div>The net result was that total housing finance in trend terms remained flat in the month at $33.2 billion.</div>
<div> </div>
<div><a href="/images/2015/12/9/HF2.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/12/9/HF2.jpg" alt=""></div>
<div> </div>
<div>
<div>Whether or not housing markets can push forward in 2016 will depend upon the extent to which the growth in owner-occupier loans can offset declining investor lending. </div>
<div> </div>
<div>Certainly we can see that the number of owner-occupier loans is trending up, but equally there is a chance that tightening mortgage rates could slow this sector of the market going forward.</div>
<div> </div>
<div><a href="/images/2015/12/9/HF3.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/12/9/HF3.jpg" alt=""></div>
<div> </div>
<div>
State versus state <div>Skipping down to the state level we can see that the trend number of owner-occupier commitments is in decline in Western Australia, Tasmania, the Northern Territory, and Queensland, which is home to a significant number of declining regional markets in line with the resources investment collapse.</div>
<div> </div>
<div>The trend in the number of owner-occupier commitments in the Australian Capital Territory has been stone dead flat for months.</div>
<div> </div>
<div>The increase in the number of mortgages written has been driven purely by the two most populous states, New South Wales and Victoria. </div>
<div> </div>
<div><a href="/images/2015/12/9/HF4.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/12/9/HF4.jpg" alt=""></div>
<div> </div>
<div>
<div>Generally speaking the higher value loans are written in the capital cities, and as such the dollar value of owner-occupier commitments tends to be a better indicator of what is playing out in the capitals. In terms of the trend value of owner-occupier commitments, both Western Australia and the Northern Territory are again in decline. </div>
<div> </div>
<div>The Brisbane market is faring relatively well at the present time, helping to nudge the aggregate value of owner-occupier commitments in Queensland steadily up, while Victoria and New South Wales in particular are rising fast.</div>
<div> </div>
<div>In fact, trend monthly owner-occupier commitments in New South Wales have ripped up the chart to sit some 43 per cent higher over the year at more than $8 billion (awooga!).</div>
<div> </div>
<div><a href="/images/2015/12/9/HF5.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/12/9/HF5.jpg" alt=""></div>
<div> </div>
<div>As noted, when it comes to housing finance the devil is always in the detail: more than $3 billion of the New South Wales monthly figure related to refinancing, and over the past year there has also been a slight uptick in finance for renovations.</div>
<div> </div>
<div><a href="/images/2015/12/9/HF6.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/12/9/HF6.jpg" alt=""></div>
<div> </div>
<div> </div>
<div>
<div>
The wrap 
</div>
<div>Overall, there are many more different trends to cover than can be analysed in one blog post - it was a solid result nationally, and it all rather depends upon which market you are interested in.</div>
<div> </div>
<div>One thing that we can say with certainty is that the investor boom is a cooked goose for this cycle, with investor finance now down by 9.2 per cent year-on-year. In 2016, the homebuyer sector of the market will swim back into focus.</div>
 
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
</div>
</div>
</div>
</div>
</div>
</body></html>

pwargent-M4siyDbqQY

Investor boom is a cooked goose: Pete Wargent

<html><body>
Wolfdene’s AVA II townhouses in Melbourne have received the Award for Excellence in the affordable housing category at the recent Urban Development Institute of Australia’s 2015 Annual Awards.
Located in the South East near Cranbourne suburb, the two and three bedroom townhouses offer value for money and a low-maintenance alternative to standard house and land.
“Housing affordability is a big issue in the Melbourne market, this award is recognition of Wolfdene’s commitment to providing housing diversity in the urban growth areas,” said Jon Atchison, the director of Wolfdene.
<div>AVA II are six-star energy rated and designed in collaboration with SJB, who also designed Sydney's Casba project, which recently won the World Architecture Festival Award for Mixed Use Completed Buildings.</div>
<div> </div>
<div>“With a flowing open plan design and an abundance of natural light, AVA II is a value for money and low maintenance alternative to standard house and land,” said the UDIA judging panel.</div>
<div> </div>
<div>“Quality medium density product that mixes design and function with affordability is essential to providing a viable option for price sensitive first home buyers, key workers and downsizers," said Atchison.</div>
<div> </div>
<div>“We are committed to rolling out additional MD sites throughout our full portfolio of master-planned communities.” </div>
<div> </div>
<div>AVA II offers 10 two and three-bedroom townhouses, ranging from $310,000 to $360,000.</div>
<div> </div>
<div>Get into the housing market soon: Free RAMS eBook. </div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Wolfdene's AVA II wins UDIA award for affordable housing

<html><body>
The Byron Bay ridgeline estate, Villa Benventano has been listed with $5 million plus hopes.
Last traded in 2004 for $4.18 million, the five bedroom Tuscan style home commands an enviable position with views over Lennox Head and the Byron Bay hinterland.
The 22.44 hectare property features a three bedroom guest wing, a newly built library, a double sided stone fireplace and a 4000 bottle wine cellar.
The eastern courtyard includes a hand built stone pizza oven and the western courtyard a new swimming pool. 
Both are met by landscaped gardens with vegetable gardens, various fruit trees and 5300 macadamia trees for primary producer status.
There is also a large fully equipped shed and recently upgraded de-husking facilities which ensure the farm operations are professional and easy to manage. 
The current owners spent over $120,000 extending Villa Benventano in 2008 which included the addition of the infinity edge pool.
The property is a 20 minute drive from Byron Bay and has been on the market for 888 days.
Noel Outerbridge of Century 21 has the listing of <a href="https://www.realestateview.com.au/Real-Estate/277-friday-hut-road-brooklet/Property-Details-buy-residential-9354040" target="_blank">277 Friday Hut Road</a>.
</body></html>

Byron Bay's Villa Benventano listed with $5m plus hopes

<html><body>
Sea-changing is a long-held Australian tradition for retirees and empty nesters, however property expert John McGrath believes the next wave of sea-changers will be young families leaving Sydney for good.
In John's recent Switzer blog article, he cited the annual McGrath report and highlighted how Sydney families have previously adapted to rising house prices by moving to less expensive commuter areas like the Central Coast and Wollongong; or buying apartments over houses in Sydney.
"Family apartment living was a significant trend in the early 2000s but today, average Sydney apartments are more expensive than houses anywhere else in Australia and many families are tired of feeling stretched," he said.
"We believe a desire for an easier, more affordable lifestyle will contribute to a growing contingent of families leaving Sydney altogether."
McGrath suggested that some families are still willing to commute, with our offices reporting more Sydney buyers on the Central Coast and in Newcastle and the Southern Highlands this year.
He backed the statement up by referring to the Australian Bureau of Statistics census figures, which showed a rising number of new residents in Newcastle, the Central Coast and Wollongong who have moved from other parts of NSW (typically Sydney) since 2001.
McGrath added that Brisbane, the Sunshine Coast and Melbourne are also proving popular with Sydney families looking further afield for even better value for money.
"Many are relocating to Melbourne, with Bureau of Statistics data showing the highest net interstate migration in 40 years in Victoria last year with the majority of interstate migrants coming from NSW."
He also suggested that a change in employment practices is also facilitating the trend in young families leaving Sydney.
"An increasing number of businesses are allowing their staff to work from home, especially those with specialised skills who can negotiate working away from the office into their contracts because their abilities are so highly sought-after," he said.
There is also a rising number of families with one parent working in a fly-in, fly-out job, particularly in the mining sector, which gives them the freedom to set up their home base in any location that has an airport as they simply don’t need to be in Sydney.
The article indicates that more empty nesters are shunning the sea-change in favour of CBD living, which is reflected in forecasts that retirement age residents will be the fastest growing group in the City of Sydney LGA (local government area) by 2026, up 72% on 2011 compared to an increase of 34% in working age residents, according to population analysts, forecast.id.
McGrath suggest that delayed retirement post-global financial crisis is contributing to this trend.
"There is a desire for lower maintenance living close to work; providing childcare for their grandkids; and an inner city construction boom providing an abundance of high quality options for a generation that wants to enjoy the next phase of their lives in security and comfort.
"The global NORC phenomenon (Naturally Occurring Retirement Communities) is expected to evolve in Sydney, with more apartment buildings not actually designated for seniors gradually developing a predominately older community as existing owners ‘age in place’ and downsizers move in."
He concluded by stating that his offices are observing more empty nesters from Sydney’s Eastern Suburbs and Upper North Shore downsizing to the Inner East, Inner City and Inner West.
</body></html>

jchancellor-FAypfDUnLy

Sydney families to flee for sea-change: John McGrath

<html><body>
GUEST OBSERVER
Narrow lot designs will be one of the key changes to the home building market in 2016 as it has also been for 2015. It’s no secret that land sizes are becoming smaller to cater for the growing population.
According to the December 2014 report ‘A PLAN FOR GROWING SYDNEY’ by NSW Government Planning and Environment* – over the next 20 years, the population in Sydney will grow much faster than in the last 20 years. The report states that, “Projections indicate that Sydney will need around 664,000 additional homes over the next 20 years. New housing will be needed in greenfield locations and the established urban area. Providing housing in a variety of sizes, types and locations will be essential to meeting Sydney’s future housing need."
To respond to these issues, the Government will introduce planning controls and work with the development industry to increase the number of homes in established urban and development areas. The government is also encouraging innovative, well-designed, smaller homes to suit lifestyles and budgets of the growing population. 
With smaller block sizes, it means more demand for innovative designs that don’t compromise on space. Some people won’t consider buying a block of land unless it has the space they need for their ideal home. All builders are becoming savvier about the way they build a practical ‘family home’.
As well as narrow block designs, there are many other trends and buyer behaviour that Allworth Homes predicts for 2016.
1.      Knock-down rebuilds will continue to increase. 
Home buyers are realising re-building a brand new home on their existing property is beneficial in the long run, financially and logistically. We have seen a marked increase in the number of re-build sites at Allworth Homes and are confident these numbers will keep rising in 2016. We believe this trend comes down to people crunching the numbers around associated costs relating to ‘moving’ compared to building ‘new’. Mixed with the fact that they are future proofing the resale of their home down the track, it’s a clear winner as to why people are choosing to go down this road. 
2.      Buyers are demanding more transparency. 
People are now more educated about what’s involved in building a new home but are still drowning in uncertainty around costs. Buyers want transparency up front. They want to know what they’re in for. Allworth Homes promotes a ‘Ready To Live’ price at every display home door. 
We have been pricing homes on various sites for so long we feel confident in promoting an all up price that will be very close to the final quotation. There are some conditions relating to lot size, services and site fall but in the majority of cases, our ‘Ready To Live’ price should be spot on.
3.      Buyers are future proofing their homes for multigenerational living.  
A lot of new home buyers are now following the trend toward ‘future-proofing’ their new home design. That is, designs that allow, with a small amount of renovation work, a former living area to be converted into sleeping accommodation with bathroom access, for example. Homes with versatile spaces that can be used in different ways and accommodate multi-generational living will continue to be in high demand in the coming years.
4.      High land prices in Sydney will make it tougher for First Home Buyers entering the market. 
This is an unfortunate reality that doesn’t need much explanation. We are seeing a decrease in the amount of sites for first home buyers can afford in Sydney and with the reduction in the First Home Owners Grant, we expect those numbers to keep dropping.
Good news is this may be short lived. With major land release planned and lot sizes decreasing, competition amongst developers should see land priced within the in reach of first home buyers in Sydney late 2016 – 2017.
5.      A tighter market and major developers focussing on ‘Mum and Dad’ buyers will see the return of the discerning traditional buyer, pushing solid long-term contract home builders to the fore. Newer, speculative builders once reliant on a burgeoning market will have to re-invent themselves to survive.
6.      The shortage of bricklayers and subsequent increased labour costs has seen many builders turning to alternate materials. These alternates - do they pass conservative NSW buyers ‘knock test’? Do they provide adequate termite protection? Long term maintenance issues. resale values… all questions buyers will consider in their decision. Whilst Allworth Homes is considering alternatives to brickwork, none have yet passed muster for us. Allworth are sticking with brick at this stage. More bricklayers will be freed up by the builders going other ways and we feel brick will be people’s number one choice for some time.
Stephen Thompson is managing director, <a href="https://allworthhomes.com.au" target="_blank">Allworth Homes</a>.
</body></html>

2016 home building trends and predictions: Stephen Thompson

<html><body>
GUEST OBSERVER
As I write this (December 2015), house prices have fallen in most major capital cities for the first time in several years.
In fact, the CoreLogic RP Data Home Value Index for November 2015 showed that home prices fell by 1.5% across Australia's capital cities over the month, with five of the eight capital cities showing declines.
So, what does this mean?
In my opinion, and also that of the ANZ and several other financial institutions around the country (thankfully), is that housing markets in Australian capital cities will cool, not crash in 2016.
The actions of APRA and subsequently the banks have achieved the desired result by dampening prices through tighter investor lending conditions.
1. My Prediction for 2016: The CoreLogic RP Data Home Value Index will show an average decline of between 5% and 10% for Australia’s capital cities over 2016.
 The Turnbull Government will be re-elected at the 2016 Federal Election.
Whilst the Prime Ministerial ‘musical chairs’ appears to be over, the music hasn’t fully stopped for the Australian public.
The timing of the next federal election is unknown at this stage, however according to the Constitution, must be held by no later than 14 January 2017.
Pollsters are suggesting that Prime Minister Malcolm Turnbull may capitalise on his ‘honeymoon’ ratings and call an early election, potentially as early as March, however the PM has affirmed he is in no rush.
"I'm expecting it to be about this time (next year), well perhaps November is getting a bit late, I would say around September, October next year is when you should expect the next election to be," Turnbull told reporters in November 2015.
2. My Prediction for 2016: I’ll take a stab and say Saturday September 25, 2016 with the Coalition comfortably elected.   Interest rates will remain stable whilst the economy shows modest growth.
December’s GDP growth results came as a surprise to many analysts, with Australia's economy showing signs of picking up momentum by registering 2.5% growth over the past year.
Despite this being the fastest economic growth in 18 months, it is still below the economy's long-term trend of 3.5% - a sign of continued patchiness in the economy. Subsequently, it’s hard to envision any material change in interest rates over the course of 2016.
3. My Prediction for 2016: The Australian economy will record GDP growth of 2.5% - 3.0% over the course of 2016 and interest rates will remain unchanged or increase by a maximum of 25 basis points.   Architectural excellence and innovation will define success.
It goes without saying that 2015 has been a year of architectural excellence in property. As markets have accelerated, so have the expectations of a building’s occupants. Whether it is skyscrapers inspired by ‘Beyonce’s curves’, the world’s smartest office building or a retail experience so authentic that a young Melbourne architect took out the top global gong, success is being defined by the ability to experience and inspire.
4. My Prediction for 2016: Architecture will expand to be branded, experiential and intelligent.   New, disruptive technologies will shake up our industry.
The next 12 months will feature some genuine game changers that excite and inspire me like nothing else in the industry.
I genuinely believe that our sector - largely unaffected by the disruption we have seen in the travel or media industries, for example -  will experience an inflection point over the coming year.
Just think about this for a moment. These four trends – prefabrication, crowdfunding, 3D printing and virtual reality – are all at a point of their evolution where the products are fundamentally proven but the everyday impact is yet to be felt. 2016 will be the year where the next “UBER” hits the Australian property sector.
5. My Prediction for 2016: One (if not more) of the four trends above will become ubiquitous and fundamentally change the way we do business.   The globalisation of real estate markets has just begun.
The flow of offshore capital into Australian property markets reached historical highs in 2015, largely due to a significant increase in Chinese investment in residential real estate.
Despite the sometimes xenophobic rhetoric underpinning the national conversation, one thing is clear: the fundamentals haven’t changed and certainly won’t change for at least a generation.
We are at the start of our “Asian century” and foreign direct investment will only grow.
6. My Prediction for 2016: Foreign direct investment in Australian residential and commercial property will grow.   Governments start to wake to the demographic and environmental challenge.
There continues to be a strange disconnect between the rhetoric of our national leaders, Federal and State Governments’ policies and the sobering demographic and environmental challenges that confront the Australian economy over the next few decades.
An ageing population and climate change sit at the center of this monumental challenge.
With a change in Prime Minister and the installment of a more moderate and pragmatic government, perhaps 2016 will be the year in which public policy catches up with the needs of the public.
7. My Prediction for 2016: Major policy reform platforms will be established around tax, health and the environment.
Adam Di Marco is publisher and founder of <a href="https://www.theurbandeveloper.com" target="_blank">TheUrbanDeveloper.com</a>. Adam is also a director of Brisbane-based investment, management and development firm, <a href="https://www.marquette.com.au/" target="blank">Marquette Properties</a>.
<div> </div>
</body></html>

10% price declines possible amid 7 predictions for Australian property in 2016: Adam Di Marco

<html><body>
The four bedroom, octagonal shaped Grandview is up for auction in Mittagong.
Built and designed in 1981 by renowned Southern Highlands builder Colin Sell, the award winning architectural design of Grandview still maintains its original interiors. 
The rotunda-style, open plan living and dining room are the centre piece of the property with cathedral ceilings, exposed brickwork and a central fireplace.
The wraparound entertainment and viewing deck is met by landscaped gardens and district and mountain views from all angles.
There is a separate family room, a home office and an underhouse studio or workshop.
Privately placed on 2288 sqm and surrounded by landscaped gardens, the unique home is a short walk to Mittagong town centre.
Rick Mooney of Ray White Mittagong has the listing of <a href="https://www.realestate.com.au/property-house-nsw-mittagong-121474714" target="_blank">56 Oxley Drive</a>.
Octagonal shaped houses are becoming more and more a curiosity after The Block's conversion of the octagonal shaped Hotel Saville in South Yarra. 
</body></html>

Mittagong's octagonal Grandview up for auction

<html><body>
The former rugby league champion Bradley Clyde is selling his resort style family home at Sylvania Waters.
Bradley, the only player to have twice won the Clive Churchill medal as the best player in the grand final, bought the contemporary four bedroom, three bathroom home in 2014 for $1.6 million.
The property, <a href="https://www.realestate.com.au/property-house-nsw-sylvania+waters-121323146" target="_blank">22 Hampton Road Sylvania Waters</a>, features an in-ground pool and has been listed through Nigel McAllister of McGrath Sylvania who has $1.6 million plus hopes for its December 12 auction. 
Widely considered as one of the best forwards in the game, Bradley had a long and fruitful career at club level as well as representing Australia 19 times.
Born and raised in Canberra he spent most of his career at the Canberra Raiders before moving to Canterbury to represent the Bulldogs.
After a year in Canterbury he moved to England to finish his playing career with Leeds Rhinos.
Clyde moved into management soon after retiring and spent seven years with Canterbury Bulldogs before being sacked.
Clyde is an inductee to the Australian Capital Territory sporting hall of fame.
He currently works as a business development executive for Australia's leading business process outsource company Chandler, however he still is part of the NRL set up as a match review committee and anti-doping tribunal member.
This article was first published in the Sunday Telegraph. 
</body></html>

Residential Market

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Market

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News