Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Residential Market

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<img src="/images/2015/11/NEW_RAMS_LOGO.jpg" alt="">
Saving for a deposit can be tough but there are ways you could fast-track your entry into the market.
Most lenders will only extend finance up to 95% of the property’s value, so you’ll usually need a deposit of at least 5%. If you want to avoid paying lender’s mortgage insurance, you may need to save at least 20% of the property’s value.
You may also have to budget for extra expenses such as stamp duty, transaction costs, conveyancing fees and removalist costs. 
A disciplined approach to saving, can help you get there but you may be able to get into the market sooner.
ASK YOUR PARENTS OR SIBLINGS - If your parents are willing to help, you could ask them to stand as guarantors for the loan. This often allows you to get a mortgage with a smaller deposit, or no deposit at all. The guarantee can be limited to a certain amount and could be removed after you’ve built sufficient equity in your home. As guarantors, your parents are using their assets to back you so make sure you all fully understand the potential consequences.
BUY WITH A FRIEND OR RELATIVE - This could cut down on the amount you need to save as you’ll both be contributing to the purchase. You’ll each own part of the property and share in the mortgage repayments. Be sure to seek legal advice to avoid potential disputes down the track.
BUILD A DUPLEX – Take buying with someone else to the next level and build together. By building a duplex and then subdividing the land, you each could end up with your own home at potentially a lower cost. There are lots of factors to consider if you’re thinking of taking this approach. Check council zoning and budget building costs carefully. There will be costs including the subdivision, survey expenses, legal and application fees, but you may be eligible for a stamp duty concession.
BUY OFF THE PLAN – Governments are waiving stamp duty on newly built homes to encourage development. Buying off the plan also allows you to buy now and pay later. You’ll have to put down a deposit on the property when you sign to buy but settlement doesn’t occur until after your home is completed, giving you longer to save.
Quick tip: What works for you will depend on your own personal circumstances. Consider seeking financial and legal advice.
 
TO FIND OUT HOW RAMS CAN HELP EASE YOU THROUGH THE PROCESS, GET IN TOUCH WITH YOUR LOCAL RAMS HOME LOAN EXPERT OR DROP IN FOR YOUR <a href="https://ad.doubleclick.net/ddm/clk/297184793;124284611;o" target="_blank">FREE FIRST HOME BUYERS’ GUIDE</a>.
For more great property advice and tips on buying your first home from RAMS subscribe to <a href="https://ad.doubleclick.net/ddm/clk/297184564;124284612;l" target="_blank">The Great Australian Dream property series</a>.
For your free Property Observer eBook from RAMS, 12 tips for first-time buyers, covering everything you need to know when it comes to purchasing property, click here.
Disclaimer: Information in this material is general and does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. You should also obtain independent professional advice relevant to your financial circumstances.
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jchancellor-FAypfDUnLy

Buying a first home sooner

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Melbourne’s spring market bonanza on October 24-25 is on track to challenge an auction record when 1,683 homes go under the hammer.
The majority of the auctions – 1,550 - are on Saturday.
The weekend is expected to go close to, and possibly exceed, the all-time auction record for a Melbourne weekend. The record was set on the corresponding pre-Melbourne Cup weekend last year (October 25-26) when 1,682 auctions were held.
While the number might go close to the all-time weekend auction record, it may fall just shy of the Saturday record - on October 25 last year - when more than 1,600 auctions were held.
“The high auction levels reflect the strength of the local market and continuing buyer demand for homes across the city,” REIV chief executive officer Enzo Raimondo said. 
“This level of auction activity cements the city’s reputation as Australia’s auction capital.” 
Raimondo said the strong spring season began in mid-August this year, several weeks earlier than last year, and has remained high since then.
Scheduled auctions for the Melbourne Cup weekend are the highest on record, up more than 100 over the same period last year.
The following weekend of November 7- 8 is also gearing up to be a Super Saturday.
Raimondo said these solid auction numbers follow last weekend’s strong results which had 1,080 auctions with a clearance rate of 74 per cent.
Auctions are also gaining in popularity in areas traditionally the domain of private sale. In Melbourne’s outer suburbs, numbers are up 19 per cent on the same period last year, while auction sales are up 37 per cent.
“Melbourne has some of the highest auction numbers not only in Australia, but worldwide. In the current buoyant housing market, buyer demand is encouraging more vendors to sell their home under the hammer,” Raimondo said.
 Melbourne Auction Wrap – For 24/25 October 2015 
This weekend: Total number of auctions this weekend: 1,600+ auctions
This year: Total number of auctions (to 18 Oct): 31,679 @ 77% clearance rate
Previous record auction weekend: 1,682 auctions on week ending 25-26 Oct 2015
Top auction suburbs in Melbourne - this weekend:
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="middle">
Suburb
</td>
<td class="td1" valign="middle">
Number of Auctions
</td>
<td class="td1" valign="middle">
 
</td>
<td class="td1" valign="middle">
 
</td>
</tr>
<tr>
<td class="td1" valign="middle">
GLEN WAVERLEY
</td>
<td class="td1" colspan="3" valign="middle">
30
</td>
</tr>
<tr>
<td class="td1" valign="middle">
MOUNT WAVERLEY
</td>
<td class="td1" colspan="3" valign="middle">
27
</td>
</tr>
<tr>
<td class="td1" valign="middle">
GLEN IRIS
</td>
<td class="td1" colspan="3" valign="middle">
24
</td>
</tr>
<tr>
<td class="td1" valign="middle">
RESERVOIR
</td>
<td class="td1" colspan="3" valign="middle">
24
</td>
</tr>
<tr>
<td class="td1" valign="middle">
HAWTHORN
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
SOUTH YARRA
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
PRAHRAN
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ELWOOD
</td>
<td class="td1" colspan="3" valign="middle">
20
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ST KILDA
</td>
<td class="td1" colspan="3" valign="middle">
20
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BENTLEIGH EAST
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BALWYN NORTH
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
HAWTHORN EAST
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
CAMBERWELL
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
DONCASTER EAST
</td>
<td class="td1" colspan="3" valign="middle">
18
</td>
</tr>
<tr>
<td class="td1" valign="middle">
PRESTON
</td>
<td class="td1" colspan="3" valign="middle">
18
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ST KILDA EAST
</td>
<td class="td1" colspan="3" valign="middle">
17
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BRIGHTON
</td>
<td class="td1" colspan="3" valign="middle">
17
</td>
</tr>
<tr>
<td class="td1" valign="middle">
NORTHCOTE
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
KEW
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
RICHMOND
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
 
</td>
<td class="td1" colspan="3" valign="middle">
 
</td>
</tr>
</tbody></table>
 
Source: <a href="https://www.reiv.com.au/" target="_blank">REIV</a>
 
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j.ballantyne1990-6AQqhLzZaK

Photo finish in Melbourne's bonanza auction weekend: all time REIV record looms

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Gold Coast sellers in the 2015 June quarter lost $35 million when properties were resold at losses, according to the latest CoreLogic RP Data pain &amp; gain report. Around 19% of sellers on the Gold Coast went backwards with their investment.
Across Brisbane, the proportion of loss-making resales has trended lower over the past few years and was recorded at 9.8% over the June 2015 quarter, up from 9.3% the previous quarter but lower than the 10.9% a year earlier.
Across South-East Queensland, the Toowoomba (3.0%), Brisbane (6.3%) and Redland (6.8%) council area have significantly lower proportions of loss-making sales compared to all other regions where the proportion of loss-making resales was in double digits.
The council areas with the highest proportion of loss-making resales were Somerset (26.1%), Gold Coast (19.9%) Scenic Rim and Lockyer Valley (both 19.4%).
<a href="/images/2015/10/19/Screen%20Shot%202015-10-19%20at%203.01.07%20PM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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$35 million lost by Queensand Gold Coast sellers: CoreLogic RP Data Pain & Gain

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Melbourne property developer Mohan Du has won the Australian Property Institute’s Young Achiever of the Year award for Victoria.
The founder and managing director of Capital Alliance Investment Group has a seven-year pipeline of projects worth nearly $1.2 billion.
And Mohan is 28 years old. 
Du's notable achievements last year included the near completion of M Docklands – a 19-level mixed-use tower featuring the Docklands’ first five-star hotel.
“Winning this award puts the icing on the cake on what has been a very enjoyable and successful year for Capital Alliance," Du said.
“As a passionate Melburnian, my vision is to turn the world’s most liveable city into an international beacon for beautifully designed, innovative, supremely liveable and workable landmarks."
API Victoria president Aldo Galante said the judges recognised Mohan Du’s considerable drive, vision, work ethic and commendable community mindedness.
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Mohan Du wins Australian Property Institute achiever award

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Seacrest, a designer home at 44 Idaline Street in Sydney's Collaroy Plateau is up for grabs at an asking price of $2.25 million plus. 
Built over 324 square metres, Seacrest has three levels and offers ocean <a href="https://www.realestate.com.au/property-house-nsw-collaroy+plateau-121012666" target="_blank">views over Collaroy’s coastline</a>.
The luxury residence has four bedrooms, a Caeserstone gas kitchen flowing to dining and living and an internal lift from the basement garage to all the floors.
It also has a terraced rear garden, suitable for child play and entertaining.
The basement garage can fit four cars. It is currently used as a work space and home gym. 
The abode is owned by Patricia Westall, a conveyancing practitioner and her partner.
The listing agents are Deborah Cullen and Richard Sholl of Unique Estates.
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Designer home Seacrest at Collaroy Plateau for sale 

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The Toorak property, 16 St Georges Road, one of Melbourne’s most significant homes, has been demolished after being sold through Kay &amp; Burton in 2013.
Idylwilde, the historic 1913 Edwardian villa with art nouveau influences, aka Ulva, was bulldozed by the Chinese tycoon Wang Hua, from the Jeshing Group and his wife, Xiao "Kylie" Yan Bao who <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">bought for $18.58 million </a>from LU Simon boss Peter Devitt with intentions to demolish.
It sits on just about an acre, the home of LU Simon building company director Peter Devitt and his wife Jo and their family for the 16 years.
It was marketed internationally via a short film produced by Golden Eye Media. 
The St Georges Road property is a 4257 square metre block with what was a highly regarded art nouveau villa. 
<a href="https://www.propertyobserver.com.au/images/stories/2013/09/23/toorak-sept-23-floorplan-big.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/09/23/toorak-sept-23-floorplan-small.jpg">
 
<a href="/news/chinese-tycoons-heritage-edwardian-toorak-villa-demolition-plans-thwarted">The mainland Chinese buyer</a> flew into Melbourne on their private jet to put the signature on the sales contract.
<a href="/news/chinese-tycoons-heritage-edwardian-toorak-villa-demolition-plans-thwarted"> </a>
 
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Idylwilde, 16 St Georges Road, Toorak villa demolished

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Melbourne buyers advocate Richard Wakelin says the CBD could stand for Could Be Dangerous - especially when buying highrise, non-descript, cookie-cutter units.
That's clearly what the CBD in central business district residential property now stands for in the eyes of the NAB's risk managers.
Our five major CBDs – Sydney, Melbourne, Brisbane, Perth and Adelaide – are now "red-flagged" by our fourth-largest bank, which now requires a 20% deposit from new borrowers buying there, Richard Wakelin wrote recently in the Australian Financial Review.
He added that what was especially telling about their list was the inclusion of Brisbane, Adelaide and Perth.
"These are CBDs where capital growth hasn't been strong in recent times," he said.
"Indeed, in its 20-per-cent-deposit-please list that included 43 postcodes, the only inclusions outside of NSW and Victoria were postcodes 4000, 5000 and 6000."
The bank obviously sees a heightened risk of price falls and mortgage arrears in these areas, but it is being vague about its reasons.
"Some of the factors that we take into consideration include investor growth levels, property price growth, rental yield and the regulatory environment," is how an NAB spokesperson described the lender's criteria in The Australian Financial Review last week.
Wakelin says developers are pumping out residential towers at a rate far in excess of genuine demand with the credit tightening too late to avert the looming crisis for high-rise.
"It was astounding as you would have thought they would have learnt the lessons of previous boom-bust episodes such as we saw in Melbourne's Docklands and the Gold Coast," Richard Wakelin, director of Wakelin Property Advisory.
 
Paul Nugent of Wakelin Property Advisory and Stuart Wemyss of ProSolution Private Clients will discuss strategies for young adults to enter the property market in an upcoming webinar.
The one-hour webinar starts at 12.30pm on Thursday 29 October. You can register <a href="https://wakelin.com.au/fpb_webinar" target="_blank">here</a>.
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The dangerous CBD residential markets: Richard Wakelin 

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Mandurah vendors lost $6 million plus in recent property resales, with Stirling ranking next as Perth's biggest loss making locations, according to the recent CoreLogic RP Data Pain &amp; Gain report.
Overall around 8.6% of resold homes across Perth in the June 2015 quarter were sold for less than the previous purchase price compared to 6.7% the previous quarter and 4.2% a year earlier.
The 8.6% of resales at a loss ranks as the highest for the capital city since January 2013.
Peppermint Grove council areas recorded no resales at a loss over the quarter, while Claremont (3.3%) and Canning (3.5%) also had a low proportion.
The highest proportion of loss-making resales occurred in the Perth (27.5%), Mandurah (21.4%) and Murray (18.9%) council areas. 
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Mandurah and Stirling rank as Perth's biggest loss making locations: CoreLogic RP Data Pain & Gain

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The latest Australian Property Monitors (APM) days on market heat chart indicates the Brisbane and Perth private treaty market slowed in September.
Sydney slowed, but Perth takes around three times longer to now secured a sale.
September property market offerings had a mixed trend across the country as to the required discounting before offerings were sold by vendors.
Sydney property vendors needed to knock 5% from asking prices with Perth vendors needing a 7.1% downwards adjustment. 
 
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According to APM, Sydney property vendors need to <a href="/news/sydney-property-vendors-needing-to-knock-5-from-asking-prices-apm-heat-chart">knock 5% from their asking price</a>.
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Perth now the slowest property sales market in country: APM heat chart

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House rents have increased 2.1% across Melbourne for the year with houses in the Mornington Peninsula and Bayside making up the majority of the top five regions for rental increases throughout the year, according to CoreLogic RP Data's September Monthly Rental Report.
CoreLogic RP Data senior research analyst Cameron Kusher said at the same time that Mornington Peninsula suburbs feature prominently on the list this area of Melbourne has been one of the weakest performing regions for value growth over recent years. 
 
<a href="/images/2015/10/19/melb.jpg" target="_blank">Click to enlarge</a>
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The median house price for a home in <a href="/news">Black Rock is $1,585,000</a>, according to CoreLogic RP Data.
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