<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.</p>

<p>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.</p>

<p>“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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.</p>

<p>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.</p>

<p><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" /></p>

<p>“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.</p>

<p>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.</p>

<p>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.</p>

<p>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>.</p>

<p><em>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></em></p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.”</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p>Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;</p>

<p>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;</p>

<p>“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;</p>

<p>“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."</p>

<p>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;</p>

<p>"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;</p>


Bottega House secures landmark riverfront site in St Lucia 

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<p data-end="157" data-start="0">The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.</p>

<p data-end="459" data-start="159"><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.</p>

<p data-end="459" data-start="159">[smartcode_project:default project_id=112661 project_image_fid=359603]</p>

<p data-end="651" data-start="461"><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.</p>

<p data-end="950" data-start="653">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.</p>

<p data-end="1081" data-start="952">“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.</p>

<p data-end="1081" data-start="952">[smartcode_project:default project_id=112661 project_image_fid=355935]</p>

<p data-end="1307" data-start="1083">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.</p>

<p data-end="1522" data-start="1309">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.</p>

<p data-end="1522" data-start="1309">[smartcode_project:default project_id=112661 project_image_fid=361052]</p>

<p data-end="1714" data-start="1524">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.</p>

<p data-end="1945" data-start="1716">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.</p>

<p data-end="1945" data-start="1716">[smartcode_project:default project_id=112661 project_image_fid=359607]</p>

<p data-end="2220" data-is-last-node="" data-is-only-node="" data-start="1947">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.</p>
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<p>[smartcode_project_cta:default project_id=112661]</p>


SIERA kicks off construction at Northcliffe tower Exhale

<p data-end="320" data-start="79">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>.</p>

<p data-end="638" data-start="322">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.</p>

<p data-end="864" data-start="640">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.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352689]</p>

<p>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.</p>

<p><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."</p>

<p>“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.</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352687]</p>

<p><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.</p>

<p>“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.”</p>

<p>[smartcode_project:default project_id=112343 project_image_fid=352690]</p>

<p>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.</p>

<p>“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.</p>

<p><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.</p>

<p>[smartcode_project_cta:default project_id=112343]</p>


Eastern Suburbs buyers snap up ESTE Little Bay apartments

Residential Sales

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<p>The top selling property for the week ending August 7 is a four bedroom family home in Sydney's Mosman.</p>
<p>The property, 43 Bradleys Head Road, Mosman, was sold for $5.62 million through Simeon Manners Property, Mosman,</p>
<p>Top 10</p>
<p>43 Bradleys Head Road, Mosman, NSW 4 bed, 3 bath, 2 car house $5,620,000 Simeon Manners Property Mosman </p>
<p>6/93 Elizabeth Bay Road, Elizabeth Bay, NSW 3 bed, 2 bath, 2 car unit $5,000,000 Richardson &amp; Wrench Elizabeth Bay/Potts Point </p>
<p>45 Central Avenue, Mosman, NSW 4 bed, 4 bath, 2 car house $4,600,000 McGrath Estate Agents </p>
<p>31 Hezlet Street, Chiswick, NSW 4 bed, 3 bath, 2 car house $4,505,000 PRB Real Estate Five Dock </p>
<p>15 Cairo Street, Cammeray, NSW 4 bed, 4 bath, 1 car house $4,300,000 Justin Ferguson Property Specialists Cammeray </p>
<p>61 Bulkara Road, Bellevue Hill, NSW 3 bed, 2 bath, 1 car house $4,150,000 Biller Property Double Bay </p>
<p>9 Victoria Avenue, Canterbury, Vic 3 bed, 2 bath, 2 car house $4,110,000 Kay &amp; Burton Hawthorn </p>
<p>8 Moonbria Avenue, Kew, Vic 5 bed, 3 bath, 2 car house $3,825,000 Jellis Craig Boroondara Group Hawthorn </p>
<p>2 Warren Ball Avenue, Newtown, NSW 4 bed, 2 bath, 1 car house $3,760,000 Ray White Newtown </p>
<p>12 Robinson Street, Malvern, Vic 4 bed, 2 bath, 4 car house $3,600,000 Marshall White Armadale </p>
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jonathanchancellor-7SQnKwU6yx

Mosman sale leads CoreLogic top 10

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<p>Canterbury had Melbourne's top sale - well above its $3.5 million reserve - when a three-bedroom home at Canterbury sold for $4.11 million with four bidders competing through Kay and Burton.</p>
<p>It was a Lewis Coote-designed home built for the vendors in 1988 on its 847 sqm block which cost $96,000 in 1980, reflecting 11 percent annual price appreciation.</p>
<p>Melbourne buyers agent Mal James advised the strong result at <a href="https://www.realestate.com.au/property-house-vic-canterbury-123096942" target="_blank">9 Victoria Avenue, Canterbury</a> (above) highlighted the re-emergence of the Asian market and "it’s clashing with the strong local market" which prior to the winter break had been left to provide the market leadership. He advised three of the four bidders were of Asian background.</p>
<p>"We are a multi-cultural city and therefore it’s impossible for us to determine the exact nature of everybody’s citizenship on the fly at an auction – so what we are saying is, we are seeing stronger and more bidding from buyers with an Asian background – more bidding than we did in the second half of last year and the first half of this year," Mal James suggested.</p>
<p>The most affordable auction property reported sold at the weekend across the country was a one-bedroom unit at <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-123074814" target="_blank">3/239 Canterbury Road, St Kilda</a> (below), that sold for $211,000 by Gary Peer and Associates who had been giving a revised $200,000 plus price guidance.</p>
<p><img src="/images/2016/08/08/700_vic_unit.jpg" alt=""></p>
<p>It last sold at $80,000 in 1998, so reflected 5.6 percent annual price growth. The 1960s apartment was recently available at $350 a week asking rental, reflecting a 8.6 percent gross rental yield.</p>
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jchancellor-FAypfDUnLy

Clash between locals and Chinese buyers re-emerges in Melbourne's Canterbury: Mal James

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<p>One in 20 off-the-plan buyers walked away from their Melbourne apartment purchases in June, according to the law firm, Maddocks.</p>
<p>The law firm processed over 800 apartments contracts in June.</p>
<p>They recorded that 5 per cent of the purchases did not settle on their apartment.</p>
<p>The historical average was about 3 percent.</p>
<p>It record of default rates sat at 2 percent between February and April, when volumes were lower.</p>
<p>Of those buyers who did not settle in June, roughly two-thirds were foreign-based, The Australian Financial Review noted.</p>
<p>The Maddocks firm handles about 15 percent of all off-the-plan sales in Melbourne each year worth around $3 billion.</p>
<p>Its development practice partner, Nick Holuigue, played down the rise in defaults.</p>
<p>"Our figures don't show any dramatic increase in settlement defaults, despite the usual big rise in settlement volumes in June," he said.</p>
<p>"They show that despite the banks changing or tightening their lending policies and the media talking up the risk of rising defaults, buyers – including foreign buyers – are still settling their contracts and sourcing finance where required.</p>
<p>"The only thing we are hearing from developers and experiencing ourselves is that foreign buyers are perhaps taking a little longer to settle.</p>
<p>"Nothing we are experiencing in our dealings with a variety of buyers' representatives give us cause for concern that our developer client's FIRB-approved buyers are going to be unable to settle."</p>
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One in 20 fail to settle Melbourne OTP purchases

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<p>The top sale for the week was a four bedroom home in Sydney's northern suburb of Palm Beach according to CoreLogic.</p>
<p>The home, 111 Pacific Road Palm Beach, sold for $3,700,000 through LJ Hooker Palm Beach</p>
<p>Top ten sales</p>
<p>111 Pacific Road, Palm Beach, NSW 4 bed, 3 bath, 2 car house $3,700,000 LJ Hooker Palm Beach </p>
<p>395 Fairlight Road, Mulgoa, NSW 5 bed, 3 bath, 3 car house $3,210,000 Elders Real Estate Penrith </p>
<p>18 Cameron Street, Strathfield, NSW 5 bed, 4 bath, 2 car house $3,150,000 McGrath Estate Agents </p>
<p>1 First Avenue, Rodd Point, NSW 5 bed, 2 bath, 2 car house $3,101,000 Strathaven Realty Haberfield </p>
<p>34 Alfred Street, Kew, Vic 3 bed, 2 bath, 2 car house $3,065,000 Kay &amp; Burton Hawthorn </p>
<p>41 Wentworth Street, Randwick, NSW 4 bed, 2 bath house $3,050,000 Phillips Pantzer Donnelley Woollahra </p>
<p>47 Palm Avenue, Ascot, Qld 6 bed, 3 bath, 4 car house $3,000,000 Ray White Ascot </p>
<p>114 Kameruka Road, Northbridge, NSW 4 bed, 2 bath, 1 car house $3,000,000 Richardson &amp; Wrench Northbridge </p>
<p>5 Glen Avenue, Randwick, NSW 3 bed, 1 bath house $2,860,000 Ray White Randwick </p>
<p>3/70 Fletcher Street, Bondi, NSW 2 bed, 1 bath unit $2,800,000 Phillips Pantzer Donnelley Woollahra </p>
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Palm Beach sale leads Corelogic top ten

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<p><span>The preliminary auction clearance rate for </span>Sydney for the week ending July 31 is<span> 80.4 percent, the strongest clearance rate for the city so far this year</span></p>
<p><span>Sydney’s top suburbs were North Sydney and Hornsby (95.4 percent), Ryde (94.4 percent) and the Northern Beaches (92.9 percent).</span></p>
<p><a href="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.14.18%20PM.png" target="_blank"><span>Click to enlarge</span></a></p>
<p><span> <img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.14.18%20PM.png" alt=""></span></p>
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North Sydney, Northern Beaches lead Sydney clearance rates

<html><body>
<p>One new property is featured on the top ten discount list from SQM Research in number nine.</p>
<p>The property, 6 York Street South Perth, first came on the market in august 2015 with an initial price of $2.8 million according to SQM Research managing director Louis Christopher.</p>
<p>He said the vendor slashed the price down to $2.5 million in February 2016, then again this month to just $2 million making for a total reduction of $800,000.</p>
<p>"The property is definitely not your typical three-bedroom home with three generous sized bedrooms, two &amp; a half baths, office, master retreat and a double under-croft garage," he said.</p>
<p>"The vendor says that the 'executive residence' has never been lived in, and is ‘second to none with luxurious and breathtaking features’.</p>
<p>"The home is modern with plenty of natural lighting and contemporary features including a modern terrace and garden with custom designed water feature. The kitchen is open plan with Miele kitchen appliances, ceaserstone bench tops, and walk in pantry. Bonus features include a six person lift, video intercom, reverse cycle air-conditioning, ducted vacuum system and plenty of space for storage."</p>
<p><a href="/images/2016/07/28/Screen%20Shot%202016-07-28%20at%2010.20.58%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/07/28/Screen%20Shot%202016-07-28%20at%2010.20.58%20AM.png" alt=""></p>
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South Perth entry on top ten discount list from SQM Research

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<p>The most interesting fact revealed by a St George Bank survey of first-home buyers was buried in the small print of the media statement.</p>
<p>The survey of 1,000 first-home buyers across Australia indicated that 26 percent of respondents said they had to make compromises to buy their first homes. Half of those had to compromise on location while 46 percent had to compromise on price.</p>
<p>I was amazed that only a quarter of FHBs felt they had to make compromises to achieve home ownership. I would have expected it to be close to 100 percent.</p>
<p>When I bought my first home over 30 years ago, I had to make a range of compromises, especially on location and the quality of the house I was buying. But it seems most first-home buyers today don’t feel they had to make concessions on location or price, according to this survey at least.</p>
<p>Media would have us believe that the Great Australian Dream is near dead. Journalists continue to support that notion by quoting the discredited ABS data on borrowers identified as first-home buyers, even though the ABS has issued statements admitting it is under-counting them.</p>
<p>This is because only borrowers with a government grant are identified as first-home buyers and grants are no longer available to first-time buyers of existing homes, which severely reduces the numbers identified as first-home buyers.</p>
<p>The figures also ignore first-time buyers who buy an investment property as a first purchase while continuing to rent their homes – the so-called rentvestors, who are a rising force in Australian real estate.</p>
<p>Other more credible research sources, such as the NAB quarterly Residential Property Survey, indicate that a third of sales of new properties across Australia, and 27% of sales of established properties, are made to first-time buyers (some of which are buying investment properties, rather than a home, as a first purchase).</p>
<p>The 27 buyers of buyers of established homes who are first-timers aren’t counted in the ABS figures, but media regularly quotes the bureau’s figures as an indication that first-home buyers are priced out of the market.</p>
<p>Housing affordability and home ownership have become so politically charged in Australia that it’s impossible to have a calm and rational debate about it.</p>
<p>Even the so-called research is tainted by political objectives, so that almost nothing published is believable. The annual Demographia report clearly sets out to achieve a pre-determined result – that all of Australia is deemed unaffordable – and achieves this by arbitrarily setting the “median multiple” bar ridiculously low, so that a house costing $305,000 is described as unaffordable to someone earning $100,000 a year.</p>
<p>The recent HILDA report was a biased document which had its headline written before the research was conducted. The reported claim by Professor Roger Wilkins that “a whole generation of adults would never own a home” was over the top and not supported by the evidence in the report. </p>
<p>We continue to have high home ownership rates by world standards, although they are lower than they were 15 years ago, according to this report. Home ownership rates include almost 70 percent in Western Australia, 68 percent in South Australia and 66 percent in Victoria – although given the political tone of the report and its publicity campaign, I’m don’t feel confident believing any of its figures.</p>
<p>Other reports are tainted by suspect data. The longstanding HIA’s quarterly Affordability Report, which has a long track record of telling it like it is, found affordability (as an average across the nation) improved in the March Quarter but deteriorated in the June Quarter. </p>
<p>The weakness in this report is that it relies on CoreLogic for its price data, which recorded a significant rebound in Sydney prices in the June Quarter – a result that has been starkly contradicted by figures from other major sources, including Domain and SQM Research.</p>
<p>But, taking the latest Affordability Report at face value, it found there had been a worsening of affordability quarter-on-quarter in some jurisdictions (including Sydney, Melbourne, Brisbane and Adelaide) but improvements in affordability in others (such as Perth, Hobart, Tasmania, regional NSW, regional Victoria, regional South Australia and regional WA).</p>
<p>Taking a longer-term view, affordability is the best it’s been in regional Australia at any time in the past five years. We can say the same thing about many individual areas of the nation (including Western Australia, Tasmania and the Northern Territory), though clearly not about Sydney or Melbourne.</p>
<p>The current affordability level in Sydney and NSW is better than it was five years ago, but not as good as it was four years ago before the Sydney boom got under way. In Victoria, affordability in the March Quarter was the best it’s been in five years, but then it dropped in June Quarter, caused by the reliance on CoreLogic figures, which differ from several other sources.</p>
<p><em>Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a></em> </p>
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terryryder-YECXbqmri2

The Great Australian Dream is not dead: Terry Ryder

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<p>With the national housing market having experienced more than four years of ongoing value rises, affordability in certain areas is deteriorating and sales that were once considered to be at the top end of the market are now becoming more common. </p>
<p>With housing becoming more expensive, there has been a substantial rise in the number of homes selling for, or in excess of, $2 million.</p>
<p>When the current growth phase commenced in June 2012, there had been 4,103 dwelling sales of at least $2 million with these sales spread across 884 suburbs (if they have achieved this for houses and units they have been counted twice).  Over the 12 months to March 2016, there had been 11,648 house and unit sales at a price of at least $2 million with these sales recorded across 1,437 suburbs.</p>
<p><a href="/images/2016/07/26/Chart-1-1-580x198.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/07/26/Chart-1-1-580x198.jpg" alt=""></p>
<p>Looking at the number of sales of at least $2 million, the 11,668 sales were comprised of 10,184 houses and 1,464 units.  Note that the recent dip in sales is likely to be due to the preliminary nature of recent sales data.  Before the financial crisis, the number of sales at or above $2 million peaked at 6,146 sales over the 12 months to February 2008.  They then fell to a low of 3,321 sales in June 2009.  It took until November 2013 for the number of sales of at least $2 million to eclipse their pre-financial crisis level indicating that the premium housing segment was hit particularly hard during the downturn.</p>
<p><a href="/images/2016/07/26/Chart-2-2-580x196.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/07/26/Chart-2-2-580x196.jpg" alt=""></p>
<p>While the previous analysis looked at the number of sales of at least $2 million, the second chart looks at the number of suburbs that had at least one sale over the year at or above this price point.</p>
<p>Over the past year, 1,139 suburbs had a house sale at or above $2 million and 298 suburbs had a unit sale at that price point.  If we compare this to the pre-financial crisis peak there were 1,193 suburbs that had a sale within this price point before the financial crisis with this figure falling as low as 815 suburbs over the year to June 2009. </p>
<p>It took until August 2014 for the number of suburbs with a sale at or above $2 million to eclipse the pre-financial crisis level.  With 1,437 suburbs nationally having at least one sale of at least $2 million over the past year it further highlights that housing is becoming less affordable in more suburbs.</p>
<p><a href="/images/2016/07/26/Chart-3-2-580x197.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/07/26/Chart-3-2-580x197.jpg" alt=""></p>
<p>It is particularly evident of the deteriorating affordability of housing when you look at the number of suburbs with a sale price at or in excess of $2 million over time in NSW and Vic.  As the above chart shows, particularly in NSW and to a lesser extent in Vic, there has been a significant increase in the number of suburbs with sales of at least $2 million over recent years.  This is reflective of housing prices being pushed higher, particularly in Sydney and Melbourne, as home values rise and competition for well-located housing increases.</p>
<p>As home values continue to rise, there will continue to be some bracket creep, with the number of homes selling at $2 million or higher likely to rise further.  We would anticipate an increasing number of sales at or above $2 million over the coming years, particularly in Sydney and Melbourne.  Of course the rising prevalence of sales at this price point is systemic of the deteriorating housing affordability and increasing cost of purchasing a home.</p>
<p> <em>Cameron Kusher is research analyst for CoreLogic RP Data. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.</em></p>
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ckusher-ujnxiKuFQs

The $2 million dollar dwelling sales surge: Cameron Kusher

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<p><span>Melbourne had 90 million dollar suburbs in the three months to June 30, 2016.</span></p>
<p><span>It was up from 77 in March. </span></p>
<p><span>There were just the three suburbs which entered the list for the first time in the June quarter with a median house price of $1 million or more</span>.</p>
<p>Property Observer found two recent Toorak sales around its $4.5 million median price.</p>
<p>There was <a href="https://www.realestate.com.au/property-house-vic-toorak-122272074" target="_blank">a $4.2 million sale</a> on Leighton Court (above).</p>
<p><img src="/images/2016/07/26/700_toorak2.jpg" alt=""></p>
<p>There was <a href="https://www.realestate.com.au/property-house-vic-toorak-121478674" target="_blank">a $4.3 million</a> on Orrong Road (above).</p>
<p><br><br></p>
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Suburb"}'>Suburb</td>
<td data-sheets-value='{"1":2,"2":"Jun-16 Median"}'>Jun-16 Median</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TOORAK"}'>TOORAK</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":4500000}'>$4,500,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"EAST MELBOURNE*"}'>EAST MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":3520000}'>$3,520,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CANTERBURY*"}'>CANTERBURY*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2720000}'>$2,720,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRIGHTON"}'>BRIGHTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2715000}'>$2,715,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ST KILDA WEST*"}'>ST KILDA WEST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2427500}'>$2,427,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAWTHORN"}'>HAWTHORN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2260000}'>$2,260,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAMBERWELL"}'>CAMBERWELL</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2146250}'>$2,146,250</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BALWYN"}'>BALWYN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2068750}'>$2,068,750</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MIDDLE PARK*"}'>MIDDLE PARK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":2000000}'>$2,000,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAULFIELD NORTH"}'>CAULFIELD NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1994000}'>$1,994,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ARMADALE*"}'>ARMADALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1992000}'>$1,992,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MALVERN*"}'>MALVERN*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1970000}'>$1,970,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ALBERT PARK*"}'>ALBERT PARK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1955000}'>$1,955,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEW"}'>KEW</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1942500}'>$1,942,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAWTHORN EAST"}'>HAWTHORN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1930000}'>$1,930,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ELWOOD*"}'>ELWOOD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1900000}'>$1,900,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MONT ALBERT*"}'>MONT ALBERT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1890000}'>$1,890,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BLACK ROCK*"}'>BLACK ROCK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1852500}'>$1,852,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEW EAST*"}'>KEW EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1835000}'>$1,835,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SURREY HILLS"}'>SURREY HILLS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1835000}'>$1,835,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"GLEN IRIS"}'>GLEN IRIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1782500}'>$1,782,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SANDRINGHAM*"}'>SANDRINGHAM*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1767000}'>$1,767,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAMPTON"}'>HAMPTON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1765000}'>$1,765,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRIGHTON EAST"}'>BRIGHTON EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1760000}'>$1,760,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"IVANHOE EAST*"}'>IVANHOE EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1700000}'>$1,700,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MALVERN EAST"}'>MALVERN EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1681000}'>$1,681,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BALWYN NORTH"}'>BALWYN NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1680000}'>$1,680,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MCKINNON*"}'>MCKINNON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1650000}'>$1,650,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PORTSEA*"}'>PORTSEA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1630000}'>$1,630,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARLTON*"}'>CARLTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1610050}'>$1,610,050</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SOUTH YARRA"}'>SOUTH YARRA</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1602500}'>$1,602,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ELSTERNWICK*"}'>ELSTERNWICK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1577500}'>$1,577,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARLTON NORTH*"}'>CARLTON NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1500000}'>$1,500,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ASHBURTON*"}'>ASHBURTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1498000}'>$1,498,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MONT ALBERT NORTH*"}'>MONT ALBERT NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1490000}'>$1,490,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ALPHINGTON*"}'>ALPHINGTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1435000}'>$1,435,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SOUTH MELBOURNE*"}'>SOUTH MELBOURNE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1425000}'>$1,425,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TEMPLESTOWE"}'>TEMPLESTOWE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1412750}'>$1,412,750</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"WINDSOR*"}'>WINDSOR*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1410000}'>$1,410,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ST KILDA EAST*"}'>ST KILDA EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1405000}'>$1,405,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BEAUMARIS"}'>BEAUMARIS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1400000}'>$1,400,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PARK ORCHARDS*"}'>PARK ORCHARDS*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1400000}'>$1,400,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"IVANHOE"}'>IVANHOE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1395000}'>$1,395,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAULFIELD SOUTH"}'>CAULFIELD SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1388000}'>$1,388,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"WONGA PARK*"}'>WONGA PARK*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1385000}'>$1,385,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ABERFELDIE*"}'>ABERFELDIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1382500}'>$1,382,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BOX HILL*"}'>BOX HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1380500}'>$1,380,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PORT MELBOURNE"}'>PORT MELBOURNE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1380000}'>$1,380,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ESSENDON"}'>ESSENDON</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1377000}'>$1,377,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PRAHRAN"}'>PRAHRAN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1370000}'>$1,370,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BENTLEIGH*"}'>BENTLEIGH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1357500}'>$1,357,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ORMOND*"}'>ORMOND*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1330000}'>$1,330,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAULFIELD*"}'>CAULFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1317500}'>$1,317,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CARNEGIE*"}'>CARNEGIE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1300000}'>$1,300,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"FAIRFIELD*"}'>FAIRFIELD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1275000}'>$1,275,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"FITZROY NORTH*"}'>FITZROY NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1275000}'>$1,275,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MOONEE PONDS"}'>MOONEE PONDS</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1265000}'>$1,265,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DONCASTER"}'>DONCASTER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1255044}'>$1,255,044</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ASHWOOD*"}'>ASHWOOD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1244150}'>$1,244,150</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"FLINDERS*"}'>FLINDERS*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1240000}'>$1,240,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MOUNT WAVERLEY"}'>MOUNT WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1226000}'>$1,226,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BOX HILL SOUTH"}'>BOX HILL SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1225500}'>$1,225,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"RICHMOND"}'>RICHMOND</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1222500}'>$1,222,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MURRUMBEENA*"}'>MURRUMBEENA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1220000}'>$1,220,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CLIFTON HILL*"}'>CLIFTON HILL*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1218000}'>$1,218,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BLACKBURN"}'>BLACKBURN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1197750}'>$1,197,750</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ST KILDA*"}'>ST KILDA*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1190000}'>$1,190,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"STRATHMORE"}'>STRATHMORE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1182500}'>$1,182,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DONVALE"}'>DONVALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1180000}'>$1,180,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"NORTHCOTE"}'>NORTHCOTE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1170000}'>$1,170,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"WILLIAMSTOWN"}'>WILLIAMSTOWN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1155000}'>$1,155,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DONCASTER EAST"}'>DONCASTER EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1150000}'>$1,150,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ASCOT VALE"}'>ASCOT VALE</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1141000}'>$1,141,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"GLEN WAVERLEY"}'>GLEN WAVERLEY</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1140500}'>$1,140,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BURWOOD"}'>BURWOOD</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1135500}'>$1,135,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAMPTON EAST*"}'>HAMPTON EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1127500}'>$1,127,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BOX HILL NORTH"}'>BOX HILL NORTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1123000}'>$1,123,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PARKDALE*"}'>PARKDALE*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1105000}'>$1,105,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BENTLEIGH EAST"}'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1080000}'>$1,080,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TEMPLESTOWE LOWER"}'>TEMPLESTOWE LOWER</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1080000}'>$1,080,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BULLEEN"}'>BULLEEN</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1061500}'>$1,061,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HEIDELBERG*"}'>HEIDELBERG*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1061500}'>$1,061,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"VERMONT SOUTH"}'>VERMONT SOUTH</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1057500}'>$1,057,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MARIBYRNONG*"}'>MARIBYRNONG*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1030000}'>$1,030,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEILOR*"}'>KEILOR*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1025000}'>$1,025,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"YARRAMBAT*"}'>YARRAMBAT*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1023000}'>$1,023,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ABBOTSFORD*"}'>ABBOTSFORD*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1012500}'>$1,012,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRUNSWICK EAST*"}'>BRUNSWICK EAST*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1012500}'>$1,012,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BLACKBURN NORTH*"}'>BLACKBURN NORTH*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1004000}'>$1,004,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CLAYTON*"}'>CLAYTON*</td>
<td data-sheets-numberformat='[null,4,"\"$\"#,##0",1]' data-sheets-value='{"1":3,"3":1000000}'>$1,000,000</td>
</tr>
</tbody>
</table>
<p><span>* denotes less than 30 sales in the quarter</span></p>
</body></html>

Toorak triumphs atop Melbourne's 90 million dollar suburbs: REIV

<html><body>
<p>The latest data from the REIV suggests Geelong has shown above average price growth during the June quarter 2016.</p>
<p>The median sits at $440,000.</p>
<p>CoreLogic recently noted Geelong had a clearance rate of more than 60 per cent during the June 2016 quarter.</p>
<p>It was the third quarter in a row that Geelong was the strongest performing regional auction market, across the country.</p>
<p>Property Observer found three examples of sales and listings around that price.</p>
<p>A charming three bedroom period home just sold for $440,000, the median price in Geelong. The property at <a href="https://www.realestate.com.au/property-house-vic-geelong-122980454" target="_blank">118 Garden Street</a> (above) was listed for sale between $420,000 and $460,000. It last traded for $435,000 in 2010.</p>
<p><img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.52.16%20PM.png" alt=""></p>
<p>If you prefer an apartment, there's a two bed inner city unit at <a href="https://www.realestate.com.au/property-apartment-vic-geelong-122593090">10/96 Mercer Street</a> (above) which is listed for less than the suburbs median price. It has a price guide of between $395,000 and $429,000. It last traded for $380,000 in 2008.</p>
<p><img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.53.52%20PM.png" alt=""></p>
<p>A two bedroom <a href="https://www.realestate.com.au/property-apartment-vic-geelong-121842834" target="_blank">Yarra Street apartment </a>(above) comes in with a slightly higher price guide of between $435,000 and $449,000. Last traded for $430,000 in 2014, the home also has a study.</p>
<p> </p>
<p> </p>
</body></html>

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