Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Rural Market

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The valuation firm Herron Todd White have noted a significant rise in values in rural property in country New South Wales with strong correlations between what the rural market late 1990s and 2008.
In their May report, HTW said they are seeing sales volumes beginning to decrease and this is a function of the lack of available stock, creating stronger competition for any properties available, driving very strong growth in values. 
"This is a replication of the market in 2006 to 2008 when once sales volumes slowed, the market strengthened considerably in a short time and then peaked," HTW said.
"While the actual peak varied slightly from area to area in New South Wales, generally speaking, late 2008 was near the peak of most markets.
"As mentioned we see the same situation developing in the current market and feel that the current pace of underlying land value strengthening is unsustainable over the medium term.
"We would expect that by the end of 2017 to early 2018 we may start to see some signs from the market that potential investors in agriculture are struggling to see returns that would justify their participation.
"Markets predominantly operate on confidence as well as hard returns.
"When people have confidence that the future looks positive and that their production will be able to be profitably marketed, we see purse strings loosen and expansionary activity undertaken."
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jonathanchancellor-7SQnKwU6yx

Rural property values rise in country NSW: HTW

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Poor rainfall in far western Queensland is an issue for many graziers with many predicting if decent falls are not received in May, then it is possible many may need to reduce stock numbers by selling or alternatively looking for off-farm agistment according to Herron Todd White.
In HTW's latest rural report, the analyst firm state producers in western Queensland have not been able to catch a break this year post that exceptional 2016 wet winter season.
HTW said the expectation of receiving some rainfall on the back of cyclone Debbie for landholders west of Roma has ended up being a non-event.
"This has been disappointing given the falls of between 50 and 140 millimetres recorded between Roma and the Great Dividing Range," HTW said. 
"Very little follow up summer rainfall was received and any benefit of the winter season was short lived with the prolonged hot summer days burning off the herbage. The reality now is that if decent falls are not received in May, then it’s likely graziers may need to reduce stock numbers by selling or alternatively looking for off-farm agistment.
"Many in cattle jobs are predicting yard numbers will increase in May which may result in a short term softening in the return per head.
The Bureau of Metrology’s climate outlook statement issued on 30 March 2017 largely indicates that the chance of above median rainfall for April to June 2017 for Western Queensland is only 30 percent to 35 percent.
With the season not necessarily showing too many positives, it is considered that the market for western Queensland has not recovered to the same extent as that of country further east. We are seeing the same holdings now marketed for extended periods.
"Some larger holdings such as Noorama Station, a 104,937 hectare holding 110 kilometres south-east of Cunnamulla in the salad bowl region has only just been put to the market under an offers to purchase campaign by Elders.
"Properties such as this will provide a good gauge of the corporate appetite for larger scale grazing country which to date has been mostly scrub type country.
"Any evidence that we are seeing stronger values are generally for better quality country or very well developed holdings. Marginal type country is still finding it difficult to achieve interest to get over the line and achieve a sale.
"The comparison to country further to the east has broadly reflected an increase in the median value of between 10 percent and 30 percent over the past 12 to 18 months."
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Time on market longer for western Queensland rural property

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From learning a wide range of agri-sector business practices to practical experience on-farm, a previous recipient of the Agribusiness Australia Tertiary Education Scholarship is amazed at the opportunities that it has provided.
Molly Ashby, who is in half way through her Degree in Veterinary Science at Charles Sturt University, is grateful to Agribusiness Australia for assisting her financially over the last three years.
She said it has allowed her to focus on her studies and to maximise other opportunities, like travelling further abroad to learn about the sector that she is so passionate about.
“I have been able to get a fantastic insight into the agri-sector from a range of perspectives. I’ve spent a total of 12 weeks working in different businesses (beef, chicken, pig, sheep and dairy) - learning management practices and marketing as well as practical experience on-farm.
“It’s great to first learn the theory in class and then get out to really experience and appreciate it,” Molly said.
Outside of her Uni studies, Molly is also maximising her opportunities at University like working with a like-minded team, setting up a mental health based program for Veterinary students.
Not one to stand still, Molly is also on the organising committee for the 2018 Australian Veterinary Association student conference.
Each year Agribusiness Australia encourages final year high school students, like Molly to undertake studies in agriculture to ensure that the sector, worth more than $500 billion to the Australian economy, continues to prosper.
Agribusiness Australia, Chief Executive Officer, Tim Burrow, said with Agribusiness being such a critical pillar of the national’s economy it was a privilege as an association to support a student into the exciting sector.
Each year a recipient is selected from a different State or Territory, with the successful recipient receiving $1000 per year for three consecutive years of study, with continuous enrolment in a university related degree.
This year, the scholarship which opens in May, will be available to eligible students based in Western Australia.
Further information will be posted on Agribusiness Australia’s <a href="https://www.agribusiness.asn.au/" target="_blank">website</a>. 
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j.ballantyne1990-6AQqhLzZaK

Scholarship opportunities in the agri-sector

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A total of 18,074 residential houses and agricultural properties transacted across the regional areas of Queensland over the 12 months to November 2016, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
This represents a fall in sales volume when compared to the previous year, down -8.4% or 1,651 fewer transactions.
The 18,074 sales are made up of 16,454 residential properties and 1,620 agricultural properties and they account for $7.2 billion worth of sales over the last 12 months, down -8.1% from one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.01%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.01%20pm.jpg" alt="">
Over the year to November 2016, 1,620 agricultural properties sold across regional Queensland.
Although sales volumes fell by -6.8% over the last 12 months, the total value of sales increased by 7.8% to $1.8 billion over the same period.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.17%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.17%20pm.jpg" alt="">
The 1,620 agricultural properties accounted for just 9% of the total transactions across regional Queensland this year, and of these sales, 14.2% were on less than 40 hectares, 35.7% between 40 to 100 hectares.
35.6% were on lots between 100 to 1,000 hectares and 14.4% were on land greater than 1,000 hectares in size.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.29%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.29%20pm.jpg" alt="">
Of the $1.8 billion worth of agricultural sales for the year ending November 2016, sales over 1,000 hectares accounted for 52.1% of the overall value of agricultural sales.
This is followed by properties on lots ranging from 100 to 1,000 hectares (26.9%), 40 to 100 hectares (15.2%) and less than 40 hectares (5.8%).
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.42%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.55.42%20pm.jpg" alt="">
A 40 acre rural property at <a href="https://www.realestate.com.au/property-other-qld-jones+hill-7876738" target="_blank">24 Macadamia Road</a>, Jones Hill (above) has been listed for over $800,000.
Similarly a 110 acre mixed farming property at <a href="https://www.realestate.com.au/property-mixed+farming-qld-theebine-7891118" target="_blank">572 Kanyan Road</a>, Theebine (below) has been listed for $750,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/572%20Kanyan%20Road.jpg" alt="">
A 50 acre rural property at <a href="https://www.realestate.com.au/sold/property-other-qld-lower+beechmont-7859346" target="_blank">72 Freemans Road</a>, Lower Beechmont (below) was sold this March for $980,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/72%20Freemans%20Road.jpg" alt="">
Similarly a 15 acre rural property at <a href="https://www.realestate.com.au/sold/property-lifestyle-qld-kureen-7832078" target="_blank">LS1286 117 Peeramon Road</a>, Kureen (below) was sold this March for $520,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/LS1286%20117%20Peeramon%20Road.jpg" alt="">
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Queensland rural sales volume falls by 8%: Harcourts

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Regional South Australia had 6,550 residential house and agricultural sales over the year to November 2016, around the same as in 2015, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
The value of these sales fell slightly, down -0.9 percent to $2.3 billion over the same period.
Looking at how many of these sales were for residential properties, they accounted for 74.5 percent of all sales and 58.8 percent of the total value of sales.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.09%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.09%20pm.jpg" alt="">
Agricultural property sales accounted for 25.5 percent of all transactions across regional South Australia, with 1,669 transactions over the 12 months to November 2016, increasing by 0.7 percent, or 11 sales, when compared to the 12 months to November 2015.
“If we look at land sizes, just over half of these sales were on lots of less than 40 hectares (53.7 percent), followed by 100 to 1,000 hectares (28.0 percent) and 40 to 100 hectares (15.2 percent),” the report stated.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.19%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.19%20pm.jpg" alt="">
Land sizes greater than 1,000 hectares accounted for just 3 percent of sales.
The value of agricultural transactions increased to $934.2 million, up 1.7 percent over the year to November 2016.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.28%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.28%20pm.jpg" alt="">
Properties on land ranging from 100 to 1,000 hectares accounted for 43.9 percent of the total value of sales, while lots on less than 40 hectares made up 33.9 percent of the total value.
Lots between 40 to 100 hectares accounted for 13.4% of total value, while lots greater than 1,000 accounted for 8.8 percent.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.37%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.26.37%20pm.jpg" alt="">
A 19 acre rural farm property at <a href="https://www.realestate.com.au/property-farmlet-sa-whites+flat-7884062" target="_blank">15 McLeod Lane</a>, Whites Flat (above) has been listed for $360,000.
Similarly a 100 acre rural property at <a href="https://www.realestate.com.au/property-other-sa-macclesfield-7857678" target="_blank">414 Pound Road</a>, Macclesfield (below) has been listed for between $700,000 to $770,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/414%20Pound%20Road.jpg" alt="">
A 9 acre rural property at <a href="https://www.realestate.com.au/sold/property-other-sa-korunye-7867778">1474 Mallala Road</a>, Korunye (below) has been recently sold for $250,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/1474%20Mallala%20Road.jpg" alt="">
Similarly a 1284 acre mixed farming property at <a href="https://www.realestate.com.au/sold/property-mixed+farming-sa-keith-7707715" target="_blank">Martins Camp Road</a>, Keith (below) was recently sold for $1.31 million
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/4/Martins%20Camp%20Road.jpg" alt="">
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South Australian rural sales greater than 1,000 hectares accounts for just 3 percent of activity

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There were 29,833 residential houses and agricultural properties sold throughout regional Victoria over the year to November 2016, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
This is down 11.3 percent when compared to the same period last year, meaning there were 3,373 fewer sales over the year.
The total value of the 29,833 transactions was recorded at $11.3 billion, down 8.8 percent from $12.3 billion from November 2015.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.08%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.08%20pm.jpg" alt="">
The total number of residential house transactions across regional Victoria accounted for 73.5 percent of all transactions and 67.3 percent of the total value of sales over the year.
Regional Victoria recorded 7,898 agricultural property sales over the past year amounting to $3.7 billion worth of transactions.
This represents a 19.8 percent fall in sales volumes and a 17.5 percent fall in the total value of transactions.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.22%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.22%20pm.jpg" alt="">
Looking at the land size of the 7,898 agricultural sales, 78.8 percent were on lots less than 40 hectares, 12.2 percent were on lots between 40 and 100 hectares.
Some 8.8 percent were on 100-1,000 hectares and 0.2 percent of the sales were for lots greater than 1,000 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.35%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.35%20pm.jpg" alt="">
Of the $3.7 billion in agricultural sales over the year to November 2016, the total value of transactions was spread across various lot sizes with lots on less than 40 hectares accounting for 64.1 percent.
Meanwhile 15.0 percent were on lots ranging from 40 to 100 hectares, 18.5 percent on lots ranging between 100 to 1,000 hectares and 2.4 percent on lots greater than 1,000 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.48%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%201.35.48%20pm.jpg" alt="">
A mixed farming property at <a href="https://www.realestate.com.au/sold/property-mixed+farming-vic-kyabram+south-7790182" target="_blank">695 Andrews Road</a>, Kyabram South (above) has been sold recently on March for $400,000.
Similarly a rural property at <a href="https://www.realestate.com.au/sold/property-lifestyle-vic-springmount-7878994" target="_blank">75 Davey Road</a>, Springmount (below) was sold recently on March for $575,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/75%20Davey%20Road.jpg" alt="">
A rural farm at <a href="https://www.realestate.com.au/property-farmlet-vic-benloch-7887282" target="_blank">923 Burke and Wills Track</a>, Benloch (below) has been listed for $679,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/923%20Burke%20and%20Wills%20Track.jpg" alt="">
Similarly a rural farm at <a href="https://www.realestate.com.au/property-farmlet-vic-nar+nar+goon+north-7879694" target="_blank">90 Olsen Road</a>, Nar Nar Goon North (below) has been listed for $595,000 plus.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/90%20Olsen%20Road.jpg" alt="">
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Victorian rural farm sales activity in decline

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Across the regional areas of Tasmania, a total of 6,074 residential house and agricultural properties sold over the year to November 2016, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
This represents a fall of 3.5 percent, meaning there were 222 fewer sales when compared to one year ago, while the total value of sales fell 4.5 percent to $1.7 billion over the 12 months to November 2016.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.47.33%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.47.33%20pm.jpg" alt="">
Agricultural properties accounted for 27.1% of all regional Tasmanian sales and 32.1% of the value of sales.
Regional Tasmania recorded 1,647 agricultural sales over the year, 4.5% fewer than the previous year.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.47.54%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.47.54%20pm.jpg" alt="">
Looking at land size, the majority of sales were on less than 40 hectares, with transactions in this category accounting for 93.3% of all agricultural sales.
The remaining sales were split between 40 to 100 hectares (4.3%), 100 to 1,000 hectares (2.4%) and greater than 1,000 hectares (0.1%).
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.48.08%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.48.08%20pm.jpg" alt="">
The total value of the 1,647 agricultural sales that transacted over the year to November 2016 was worth $553.9 million, -7.3% lower than over the 12 months to November 2015.
Broken down in to land sizes, 82.4% of the total value of sales was for properties less than 40 hectares, followed by 40 to 100 hectares (9.0%) and 100 to 1,000 hectares (8.5%).
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.48.19%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.48.19%20pm.jpg" alt="">
A mixed farming property at <a href="https://www.realestate.com.au/property-mixed+farming-tas-bracknell-7886046" target="_blank">294 Brackneil Road</a>, Bracknell (above) has been listed for over $1 million.
Similarly a mixed farming property at <a href="https://www.realestate.com.au/property-mixed+farming-tas-seymour-7887094" target="_blank">19595 Tasman Highway</a>, Seymour (below) has been listed for over $1.2 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/19595%20Tasman%20Highway.jpg" alt="">
A mixed farming property at <a href="https://www.realestate.com.au/sold/property-mixed+farming-tas-barrington-7789626" target="_blank">1854 Sheffield Road</a>, Barrington (below) was sold recently for $2.65 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/1854%20Sheffield%20Road.jpg" alt="">
Similarly a mixed farming property at <a href="https://www.realestate.com.au/sold/property-mixed+farming-tas-somerset-7866082" target="_blank">83 Haywoods Lane</a>, Somerset (below) was sold on February this year for $520,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/83%20Haywoods%20Lane.jpg" alt="">
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Farms account for 27 percent of Tasmania's regional market sales

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Outside of Perth there were 8,007 residential house and agricultural sales over the year to November 2016, only 3 more sales than the 12 months to November 2015, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
While the number of sales remains virtually unchanged over the year; the value of these sales fell -1.4% to $3.7 billion over the year.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.21%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.21%20pm.jpg" alt="">
In terms of the number of sales, 69.7% of all sales were residential properties, while in value terms, residential properties accounted for 55.2% of the total value of sales across regional Western Australia.
Compared to one year ago there were -5.5% fewer agricultural sales across regional Western Australia over the year to November 2016.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.36%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.36%20pm.jpg" alt="">
Of the 2,427 sales, the majority (65.7%) were on land sizes of less than 40 hectares, while 16.4% of transactions were on lots between 40 and 100 hectares.
15.3% were on between 100 and 1,000 hectares and 2.6% of sales were on land sizes larger than 1,000 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.54%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.37.54%20pm.jpg" alt="">
Looking at the value of sales that transacted over the year to November 2016, agricultural sales accounted for $1.7 billion worth of sales, an increase of 1.1% compared to the same time 12 months ago.
Of the total value of sales, 43.8% were for properties on less than 40 hectares, 18.6% were for properties on between 40 and 100 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.38.05%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/24/Screen%20Shot%202017-03-24%20at%202.38.05%20pm.jpg" alt="">
31.1 percent were for properties ranging between 100 and 1,000 hectares and 6.5 percent were for properties larger than 1,000 hectares.
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Western Australia's wheat belt rural sales market remains active

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Over the 12 months to November 2016, a total of 49,623 residential houses and agricultural properties were sold across regional New South Wales, according to Landmark Harcourts’ latest Benchmark Report (<a href="https://content.landmarkharcourts.com.au/Content/Benchmark-Property-Data-Report" target="_blank">bit.ly/LHBenchmark</a>).
The volume of properties transacting was down -6.8 percent compared with this time last year while the total value of sales fell -2.2 percent to $24.6 billion over the same period.
Over the year to November 2016, residential house sales accounted for 75.9 percent of transactions and 67.8 percent of the value of all sales.
<a href="https://www.propertyobserver.com.au/images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.24.59%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.24.59%20pm.jpg" alt="">
There were 11,971 agricultural properties sold over the 12 months to November, -8.9 percent fewer than the previous year when 13,140 properties transacted.
Of the 11,971 sales, 68.4 percent were on a land size of less than 40 hectares, 15.2 percent were on 40 to 100 hectares.
14.5 percent were on 100 to 1,000 hectares and 1.9 percent of properties were on more than 1,000 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.12%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.12%20pm.jpg" alt="">
Looking at the value of agricultural property sales, $7.9 billion properties transacted across regional New South Wales over the year to November 2016.
This is down -5.5 percent from $8.4 billion the previous year.
<a href="https://www.propertyobserver.com.au/images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.26%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.26%20pm.jpg" alt="">
58.8 percent of the overall value was for properties sold on a land size of less than 40 hectares, 12.9 percent were for lots between 40 and 100 hectares in size.
19.6 percent were on 100 to 1,000 hectares and 8.7 percent were on more than 1,000 hectares.
<a href="https://www.propertyobserver.com.au/images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.35%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/23/Screen%20Shot%202017-03-23%20at%2012.25.35%20pm.jpg" alt="">
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