Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

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Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

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The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

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.

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

Residential Sales

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RippleVale House, at 4100 Cape Otway Road, Birregurra has been listed for sale.
It is an 1870 landmark Western Districts property set on 75 hectares with Barwon River frontage.
With William Guilfoyle gardens, <a href="https://www.realestateview.com.au/Real-Estate/4100-cape-otway-road-birregurra/Property-Details-buy-residential-9588454" target="_blank">the six bedroom homestead</a> has a Dutch Italianate influenced grand dining room.
The is also a historic cottage, built in 1865, tennis court, stables, historic shearing shed, storage sheds, plus the gardens and rambling orchid.
Michael Cooney and Maria Nesci at Great Ocean Road Real Estate Lorne have the offering with $4 million plus hopes.
It last traded at $3.1 million in 2007 when bought by Sara Cashman, who is passionate about farm gate pure produce and artisan butchering.
The house was built in 1870 for Charles Sladen, who was premier of Victoria for just 67 days.
It was designed with weekend shooting parties in mind - hence the ballroom, dining hall, wine cellar, pantry, maids' quarters, stables and cool store.
Tessellated tiles and stained-glass windows grace many rooms along with sandstone and Italian marble fireplaces.
The ceilings are lofty and windows are large in the 650 square metre home.
Many of the renovations were undertaken during the ownership of the retired grazier/hotelier Stewart Gray.
Birregurra, which became Victoria's first plastic-bag free town in October 2004, is 15 minutes from Colac.
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jchancellor-FAypfDUnLy

Premier RippleVale, Birregurra Western Districts listing

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The top sale of the week was a freestanding five bedroom home in Chatswood on an 815 sqm block, according to CoreLogic RP Data.
The double brick home, <a href="https://www.realestate.com.au/property-house-nsw-chatswood-120697633" target="_blank">6 Chatswood Avenue, Chatswood</a>, was built in 1998 and sold for $6,055,000 through Kerrie Robertson and Michael OBrien of LJ Hooker Lane Cove.
The second highest sale was also in Chatswood.
 
6 Chatswood Ave, Chatswood, NSW, 2067<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/6-chatswood-avenue-chatswood-nsw-2067/1825007">,</a> five-bedroom house, sold at auction on October 10 by L J Hooker Lane Cove for $6.055 million
33 Olga St, Chatswood, NSW, 2067<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/33-olga-street-chatswood-nsw-2067/1830003">,</a> five-bedroom house, sold at auction on October 10 by Shead Property Chatswood for $5.22 million
14 Bower St, Manly, NSW, 2095<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/14-bower-street-manly-nsw-2095/3972455">,</a> six-bedroom house, sold at auction on October 10 by Clarke &amp; Humel Property Manly for $4.62 million
7 Cameron Ave, Manly, NSW, 2095<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/7-cameron-avenue-manly-nsw-2095/17325029">,</a> four-bedroom house, sold at auction on October 10 by Clarke &amp; Humel Property Manly for $3.805 million
1106 Pittwater Rd, Collaroy, NSW, 2097, four-bedroom house, sold at auction on October 10 by Belle Property Mona Vale for $3.73 million
4 Crossakiel Ct, Hawthorn, VIC, 3122<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/4-crossakiel-court-hawthorn-vic-3122/11188399">,</a> four-bedroom house, sold at auction on October 10 by Jellis Craig Hawthorn for $3.56 million 
51 Raglan St, Mosman, NSW, 2088<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/51-raglan-street-mosman-nsw-2088/4501142">,</a> three-bedroom house, sold at auction on October 10 by 2088 Realty Mosman for $3.4 million
22 Bayswater Rd, Lindfield, NSW, 2070<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/22-bayswater-road-lindfield-nsw-2070/3767480">,</a> five-bedroom house, sold at auction on October 10 by Mcconnell Bourn Estate Agents Lindfield for $3.23 million 
371 Belmore Rd, Balwyn North, VIC, 3104<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/371-belmore-road-balwyn-north-vic-3104/9579363">,</a> five-bedroom house, sold at auction on October 10 by Noel Jones Real Estate Balwyn for $3.2 million
18B Alice St, Turramurra, NSW, 2074<a href="https://www.propertyobserver.com.au/https://www.propertyvalue.com.au/property/18b-alice-street-turramurra-nsw-2074/6997909">,</a> five-bedroom house, sold prior to auction on October 10 by Chadwick Real Estate Turramurra for $3.2 million
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mick.cee-iDmgDDAmu8

Two Chatswood trophy homes lead CoreLogic RP Data top ten list

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Residential property in the Illawarra district across all housing sectors is running hot at the moment, according to Herron Todd White.
Herron Todd White's October Month in Review stated strong capital growth has been sustained for the past 24 months through all residential suburbs and sales of new release land in Horsley, Flinders and Shell Cove remain strong. 
"First home buyers and investors seeking out value are driving demand for product in the more affordable suburbs such as Cringila, Warrawong and Barrack Heights, with agents reporting very short sale periods," HTW said.
"Suburbs closer to the Wollongong CBD and associated infrastructure such as Figtree, Keiraville, Balgownie and Fairy Meadow are now mostly outside the price point of first home buyers and stock under $500,000 is hard to find. 
"New infill housing in these suburbs is quickly snapped up by local owner occupiers looking to downsize as well as local and Sydney based investors chasing strong rental returns."
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A quick guide to what’s hot (in our opinion): 
• Top end northern beaches
• Wollongong Ring (Fairy Meadow, Balgownie, West Wollongong)
• Lower end (Cringila, Warrawong, Barrack Heights) 
• Land in new estates (Horsley, Flinders, Shell Cove) 
• Unit blocks in one line
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Residential property ripe across Illawarra district: Herron Todd White

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John 'Strop' Cornell and his model wife, Delvene Delaney, who were Paul Hogan's sidekicks in their comedic heyday, took a fancy to property around Byron Bay.
Now after almost three decade's ownership the couple are selling 41 housing sites at Ewingsdale, with underground electricity, natural creeks and the extensive planting of an additional 10,000 native trees.
Aged 74 he's "clearing the decks for my wife and girls to make everything easier," John Cornell advised recently.  
The land for sale at <a href="https://byronbay.ljhooker.com.au/7ZUF5G/lot-22-currawong-way---figtree-fields-ewingsdale" target="_blank">Fig Tree Fields</a> was bought 25 years ago.
"If you want a large block where wallabies drop by and Mother Nature lives next door, get in quick," he said.
Prices through agent Glen Irwin from LJ Hooker Byron Bay start at $500,000 with 19 sales already.
They also recently sold the best beach-front blocks in Byron Bay to Melbournites, restaurateur Shannon Bennett and bsuiness partner, Adam Garrisson. The lots were bought in the early 1980s for around $325,000 from the then local abattoir. Harvey Norman heir, Glen Norman was the buyer of the house block from his former father-in-law, John Cornell.
The sale by LJ Hooker's Glenn Irwin is short of the Byron Bay record which was set in 2006 at $15.68 million for a house on Wategos Beach.
Delvene Delaney was a Sale of the Century television hostess and appeared with Paul Hogan and the John Cornell-devised character, the dopey Strop  in Channel 9 comedy shows.
This article was first published in the Saturday Daily Telegraph.
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John 'Strop' Cornell sells 19 Fig Tree Fields, Ewingsdale building blocks

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Brisbane is gaining a reputation as Australia's most affordable eastern capital with price growth potential, according to Herron Todd White.
Herron Todd White's October Month in Review found entry level and mid-range property within 10km of the CBD is going great guns and said buyers are 'sheep-dogging' over each other when an appropriately priced property hits the market - preferably second hand unit stock.
HTW said it’s price accessible, in locations that have a lot of rental demand and for a few grand, you can spruce up the space and add some value.
"Attached housing in the $330,000 to $550,000 range is doing well. Try Coorparoo and Greenslopes for units and townhouses at $330,000 to $400,000. That price point will land you an unrenovated, 2-bed, 1-bath abode in a 1980s complex. Townhouses at $450,000 to $550,000 are 3-bedroom, 2-bathroom for the record," HTW noted.
"For detached housing, the sweet spot is in the $600,000 to $800,000 bracket around the mid/ inner ring,
"You can get great quality homes at a fraction of the Sydney prices. Coorparoo, Camp Hill and Norman Park provide high set 3-bedroom, 1-bathroom dwelling in average condition on a 405 square metre to 607 square metre allotments at this price point. Our expectation is that this sector will continue to perform over the remainder of the year.
"Capital growth is tracking at approximately 5% per annum for the past 12 months and there is a good level of supply at present to match the demand, which is coming predominately from owner- occupiers."
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Brisbane property gaining in reputation, performance: Herron Todd White

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday 10 October. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for October 10

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Melbourne notched up a clearance rate of 74% on the weekend compared to 70% the same weekend last year. 
There were 1113 auctions reported to the REIV, with two consecutive super Saturday weekends scheduled for the coming fortnight, the REIV chief Enzo Raimondo noting.
The median house price sale was $877,500 and the median unit price sold at weekend auction was $605,000.
A Toorak house topped the weekend results at $6.5 million with a Southbank offering the top apartment sale at $2.05 million. More than $1.9 million had been tipped for 1706/26 Southgate Avenue, Southbank, with 164 sqm in Quay West. It first sold at $715,000 in 1996 off the plan, setting in 1999 on completion.
TOP 5 HOUSES
1. 25 Wallace Avenue, Toorak $6,500,000
2. 4 Crossakiel Court, Hawthorn $3,560,000
3. 371 Belmore Road, Balwyn North $3,200,000
4. 40 Kerrie Road, Glen Waverley $3,050,000
5. 38 Hood Street, Balwyn North $3,020,000
 
TOP 5 BARGAIN HOUSES
1. 12 Echuca Street, Dallas $301,000
2. 62 Willora Crescent, Cranbourne West $305,000
3. 16 Rosedale Crescent, Dallas $312,000
4. 20 Rosedale Crescent, Dallas $315,000
5. 1/12 Eureka Court, Kings Park $320,000
 
Flat/Apartment Sales in Detail
 
TOP 5 APARTMENTS
1. 1706/26 Southgate Avenue, Southbank $2,050,000
2. 2 Peacock Street, Brighton $1,840,000
3. 5B Elizabeth Street, Brighton East $1,520,000
4. 4/32 Bourke Street, Melbourne $1,470,500
5. 2/38 Aylmer Street, Balwyn North $1,355,000
 
TOP 5 BARGAIN APARTMENTS
1. 3/780 Warrigal Road, Malvern East $200,500
2. 2/28 Codrington Street, Cranbourne $220,000
3. 104/51 Rathdowne Street, Carlton $236,500
4. 2/50 Tranmere Avenue, Carnegie $265,000
5. 4/243 Gower Street, Preston $271,000
 
Source <a href="/news">REIV</a>
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Southbank reigns as more super Satuday's coming in October: REIV

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The biggest challenge facing the Sydney residential property market is successfully calling the market accurately as against some who pluck figures out of the air with astonishing aplomb.
My preferred guide is the Australian Bureau of Statistics (ABS) capital city indexes for Established Houses which is released on a quarterly basis – it’s all about measuring price movements over time.
So I struggle when I see BIS Shrapnel noting that Sydney house prices have soared 45% since 2009 although I remain somewhat confused as we need to add further perspective by taking into account that house prices fell approximately 20 to 30% during the Global Financial Crisis (GFC). When we average out the fall in prices at say 25% then factor the recent run on the market prices then they have in real terms only climbed 20% which is a different story to the reported 45%.
Over this same period we have seen the emergence of an entirely new market namely the investment market which has been the stand – out performer, although it has very little to do with the established house prices. I’m sure if one looks hard enough you can find data that identifies Sydney house prices have jumped 45% although I don’t believe this is an accurate assessment – more a market price manipulation.
If we go back a decade for Sydney house prices we see most interesting market price machinations – from the September quarter 2004 through to June 2006 (eight quarters) the Established Houses in Sydney were in negative growth at around -5% per quarter. From September 2006 until June 2008 Sydney went into positive growth mode although not exceeding +10% growth with a quarter average of around 5% – then the GFC hit. From September 2008 through to June 2009 Sydney was back in negative growth with negative growth quarters of 6 and 7% the highest reported. Then in September 2009 until December 2010 house prices went back into positive growth where in March 2010 price growth peaked at 19%. Then in June 2011 through to June 2012 prices fell back into negative growth although not alarming with five quarters of bouncing from -1% to -3%. Then in September 2012 until June 2015 Sydney has been experiencing its bull run which has now extended to twelve consecutive quarters with the June quarter posting the highest quarterly growth of 21% – the previous high was 17% in September 2014. I might add that the month of September seems to be a catalyst month in property price movements both positive and negative.
We also need to recognise that in the December quarter of 2008 the Rudd Government moved the off – the – plan sales for new developments from 50% to 100%, so this has been a significant driver in the investor property market. Sydney has added approximately 20,000 new apartment developments which is unprecedented by modern day property data and this has been strongly assisted by the record low cash rate of 2% that will probably go lower in 2016.
The big question that remains for the best part unanswered is just how many of the new 20,000 apartments will have their purchasers default as APRA has increased the loan value ratios and the much speculated Asian buyer defaults given the massive correction in the Chinese stock market. It’s no secret that many banks and developers have these developments on a red alert for these most obvious reasons.
Having said that we need to clearly identify that these are investors and should not be compared to the traditional housing market. The off – the – plan prices in Sydney apartment blocks has gone off the Richter scale so if there is a price correction there this would then have minimal effect on the established home prices although it would slow the market down as a result.
We just need to balance the debate – over the past 44 quarters for the percentage change in median values for established houses in Sydney 17 quarters have been in negative growth and 27 quarters in positive growth. We also need to look at the cash rate which was 3.00% in April 2013 and fell to 2.75% in May 2013 and has been stuck on 2.00% since May 2015.
The United States has been sitting on their record low cash rate for a decade now so it appears that record low cash rates is the new norm in global economies.
There is no need to panic about property prices for the established homes although the investor market will make for fascinating viewing over the next few years.
I also can’t recall ever seeing the established house market with record low numbers of properties on the market either.
<h5>MOSMAN – 2088</h5>
• Number of houses on the market this time last year – 82
• Number of houses on the market last week – 48
• Number of houses on the market this week – 49
• Number of apartments on the market this time last year – 50
• Number of apartments on the market last week – 60
• Number of apartments on the market this week – 60
<h5>CREMORNE – 2090</h5>
• Number of houses on the market this time last year – 14
• Number of houses on the market last week – 7
• Number of houses on the market this week – 9
• Number of apartments on the market this time last year – 22
• Number of apartments on the market last week – 23
• Number of apartments on the market this week – 23
<h5>NEUTRAL BAY – 2089</h5>
• Number of houses on the market this time last year – 5
• Number of houses on the market last week – 9
•Number of houses on the market this week – 9
• Number of apartments on the market this time last year– 51
• Number of apartments on the market last week – 21
• Number of apartments on the market this week – 23
ROBERT SIMEON is a director of <a href="https://www.rwm.com.au/" target="_blank" title="RWM" rel="nofollow">Richardson Wrench Mosman and Neutral Bay</a> and has been selling residential real estate in Sydney since 1985.  He has also been writing real estate blog <a href="https://www.rwm.com.au/news/" target="_blank" title="Virtual Realty News" rel="nofollow">Virtual Realty News</a> since 2000. 
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How to manipulate property market machinations: Robert Simeon

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John Clinton, the drummer from the country band, The Wolverines and wife, Kim have sold their secluded, organic-style, custom-built Dural home.
The <a href="https://www.realestateview.com.au/Real-Estate/65-quarry-road-dural/Property-Details-sold-residential-8883988" target="_blank">Quarry Road house</a> was initially marketed last year with $2.75 million price hopes, then relisted more recently at $2.49 million.
David Baggs at ECA Space Design designed the house which won praise from the Housing Industry Association.
The early 1990s environmentally friendly home sits on almost three hectares.
The curved two-storey, three bedroom house also comes with a self contained two-bedroom studio which was a disused train carriage.
There are rooftop gardens and wraparound 20m wet edge pool.
Sandy Ward of Ray White Dural sold the listing that recently made the list of top ten NSW’s most popular and incredible homes on news.com.au.
The Wolverines are best known for the song 65 Roses about cystic fibrosis, and the Ballad of Young Bobby Dale.
Once described as a Harley riding, music playing trio, the Wolverines recorded their first album in Nashville in 1996.
Clinton, a former Sydney nightclub owner who seeks to now expand his Holy Cow yacht charterer business, installed a striking musical mural in the main bathroom by the painter Ken Roberts.
The house apparently sold to musicians.
This article first appeared in the Saturday Daily Telegraph
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Organic-style custom Dural home sells

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The retired Richmond forward Jake King has sold his five-bedroom house in Northcote.
The home at <a href="https://www.realestate.com.au/property-house-vic-northcote-120573881" target="_blank">82 Christmas St</a> had also been expected to fetch $1.4 million, and after being passed in sold four days later for an undisclosed price.
King, who is a football commentator on Triple M, bought the 1950s home for $745,000 in 2008.
It has been renovated and extended with a designer kitchen. There's also an internal spa deck and an outdoor entertaining zone.
 
 
 
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