Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Joel Robinson

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

Residential Sales

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

jonathanchancellor-7SQnKwU6yx

Mosman sale leads CoreLogic top 10

<html><body>
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.
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.
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.
"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.
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.
<img src="/images/2016/08/08/700_vic_unit.jpg" alt="">
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.
</body></html>

jchancellor-FAypfDUnLy

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

<html><body><div class="cq-article-content-paras section">
<div class="cq-article-content-paras section">
One in 20 off-the-plan buyers walked away from their Melbourne apartment purchases in June, according to the law firm, Maddocks.
The law firm processed over 800 apartments contracts in June.
They recorded that 5 per cent of the purchases did not settle on their apartment.
The historical average was about 3 percent.
It record of default rates sat at 2 percent between February and April, when volumes were lower.
Of those buyers who did not settle in June, roughly two-thirds were foreign-based, The Australian Financial Review noted.
The Maddocks firm handles about 15 percent of all off-the-plan sales in Melbourne each year worth around $3 billion.
Its development practice partner, Nick Holuigue, played down the rise in defaults.
"Our figures don't show any dramatic increase in settlement defaults, despite the usual big rise in settlement volumes in June," he said.
"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.
"The only thing we are hearing from developers and experiencing ourselves is that foreign buyers are perhaps taking a little longer to settle.
"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."
</div>
</div></body></html>

One in 20 fail to settle Melbourne OTP purchases

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

Palm Beach sale leads Corelogic top ten

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

North Sydney, Northern Beaches lead Sydney clearance rates

<html><body>
One new property is featured on the top ten discount list from SQM Research in number nine.
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.
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.
"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.
"The vendor says that the 'executive residence' has never been lived in, and is ‘second to none with luxurious and breathtaking features’.
"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."
<a href="/images/2016/07/28/Screen%20Shot%202016-07-28%20at%2010.20.58%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/28/Screen%20Shot%202016-07-28%20at%2010.20.58%20AM.png" alt="">
</body></html>

South Perth entry on top ten discount list from SQM Research

<html><body>
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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. 
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.
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. 
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.
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).
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.
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.
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> 
</body></html>

terryryder-YECXbqmri2

The Great Australian Dream is not dead: Terry Ryder

<html><body>
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. 
With housing becoming more expensive, there has been a substantial rise in the number of homes selling for, or in excess of, $2 million.
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.
<a href="/images/2016/07/26/Chart-1-1-580x198.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/26/Chart-1-1-580x198.jpg" alt="">
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.
<a href="/images/2016/07/26/Chart-2-2-580x196.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/26/Chart-2-2-580x196.jpg" alt="">
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.
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. 
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.
<a href="/images/2016/07/26/Chart-3-2-580x197.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/26/Chart-3-2-580x197.jpg" alt="">
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.
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.
 Cameron Kusher is research analyst for CoreLogic RP Data. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
</body></html>

ckusher-ujnxiKuFQs

The $2 million dollar dwelling sales surge: Cameron Kusher

<html><body>
Melbourne had 90 million dollar suburbs in the three months to June 30, 2016.
It was up from 77 in March. 
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.
Property Observer found two recent Toorak sales around its $4.5 million median price.
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).
<img src="/images/2016/07/26/700_toorak2.jpg" alt="">
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).
 
<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>
* denotes less than 30 sales in the quarter
</body></html>

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

<html><body>
The latest data from the REIV suggests Geelong has shown above average price growth during the June quarter 2016.
The median sits at $440,000.
CoreLogic recently noted Geelong had a clearance rate of more than 60 per cent during the June 2016 quarter.
It was the third quarter in a row that Geelong was the strongest performing regional auction market, across the country.
Property Observer found three examples of sales and listings around that price.
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.
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.52.16%20PM.png" alt="">
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.
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.53.52%20PM.png" alt="">
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.
 
 
</body></html>

Residential Sales

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Sales

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News