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

Sales

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New South Wales auction results for week ending Sunday August 16 show a preliminary clearance rate of 80% from 907 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 405 were sold at auction within NSW, 93 passed in and 159 sold prior to auction.</div>
<div class="num"> </div>
<div class="num">One standout property in the Sydney suburb of Bangor  was a 657 sqm block complete with brick <a href="https://www.realestate.com.au/property-house-nsw-bangor-120291109" target="_blank">three bedroom home which sold for $1,060,000</a>.</div>
<div class="num"> </div>
<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
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mick.cee-iDmgDDAmu8

NSW auction results show prelim clearance rate of 80%: Realestate.com.au

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Satterley Property Group has purchased the 198 ha, 1,350 lot ‘Arena’ residential estate in Greenvale, Victoria for $93.1 million.
51 lots on the development have already been sold. The Arena estate will feature a $9 million sports precinct five times the size of the MCG.
Slattery Group managing director Nigel Slattery said arena is already trading and is essentially an in-fill site within highly sought after Greenvale. 
"With two projects in the north – Riverstone and Coburg Hill – close to trading out, the purchase of Arena refreshes our development pipeline in the strategic Hume growth corridor,” Mr Slattery said.
The development would take between seven and ten years to complete.
 
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jonathanchancellor-7SQnKwU6yx

Victoria's Arena residential estate sold for $93.1 million

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Two new properties have appeared on SQM Research's top ten most discounted properties nationwide list - one in South Australia and the other in Queensland.
A four bedroom with ocean views at 2 Joy Street in Encounter Bay, South Australia is currently on the market for between $425,000-$450,000and  was first listed with an asking price of between $650,000 and $695,000 in July 2014 (below).
<img src="/images/2015/08/11/sa.jpg" alt="">
 
The second property, a waterfront three bedroom unit overlooking Cylinder Beach at Point Lookout, Queensland, has been on the market since 2013 and, according to SQM, appears just above what potential investors will pay for the size and area.
3/118 Mooloomba Road (below) has been on the market for a total of 938 days and since first listed has had the price deducted by a total of 32%, or $565,000.
<img src="/images/2015/08/11/Screen%20Shot%202015-08-11%20at%205.28.05%20PM.png" alt="" width="814" height="541">
The unit has a verandah with uninterrupted beachfront views, a master bedroom with ensuite and walk-in robe and is in a highly popular holiday rental area.
<a href="/images/2015/08/11/Screen%20Shot%202015-08-11%20at%205.26.13%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/11/Screen%20Shot%202015-08-11%20at%205.26.13%20PM.png" alt="">
 
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Two new entrants on top 10 most discounted properties: SQM Research 

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New South Wales auction results for week ending Sunday August 9 show a preliminary clearance rate of 78% from 1008 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 477 were sold at auction within NSW, 119 passed in and 173 selling prior.</div>
<div class="num"> </div>
<div class="num">Victoria had a clearance rate of 79% from 1057 total scheduled auctions, Queensland a clearance rate of 62% from 141 total scheduled auctions, South Australia 81%, and Western Australia 44%.</div>
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<div class="num">One standout property in Sydney's Bardwell Park was an 986 sqm block complete with brick <a href="https://www.realestate.com.au/property-house-nsw-bardwell+park-120236393" target="_blank">three bedroom home which sold for </a><a href="https://www.realestate.com.au/property-house-nsw-bardwell+park-120236393" target="_blank">$1,775,000</a>.
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<a href="https://www.realestate.com.au/auction-results/" target="_blank">Click here to see the full national breakout</a>.</div>
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po-LsXgBTHBmX

Sydney's preliminary clearance rate at 78% Realestate.com.au

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Melbourne secured a 79% weekend clearance rate compared to 77% last weekend and 72% this weekend last year.
There were 872 auctions reported to the REIV on the second weekend of August.
There were about 2,700 auctions in the month of July, with 77% selling.
"This is up 14% from the same time last year, with auction sales also notably higher (up 22%) in comparison to July 2014," REIV's Enzo Raimondo noted.
The top sale was a three house offering in Kew through Jellis Craig.
TOP 5 HOUSES
1. 41 Atkins Street, Kew $4,325,000
2. 26 Maleela Avenue, Balwyn $4,040,000
3. 2-4 Delmore Crescent, Glen Waverley $3,458,000
4. 93 Wattletree Road, Armadale $3,000,000
5. 9 Renwick Street, Glen Iris $2,875,000
 
TOP 5 BARGAIN HOUSES
1. 11 Drouin Street, Dallas $260,000
2. 64 Barries Road, Melton $285,000
3. 25 Wattleglen Street, Craigieburn $305,000
4. 11 Matthews Court, Pakenham $311,000
5. 2 Charlton Street, Broadmeadows $321,000
 
TOP 5 APARTMENTS
1. 98 Orlando Street, Hampton $2,850,000
2. 100 Orlando Street, Hampton $2,590,000
3. 48/350 Beaconsfield Parade, St Kilda $2,020,000
4. 3/31B Nepean Highway, Aspendale $1,650,000
5. 1/58 Grange Road, Sandringham $1,282,000
 
TOP 5 BARGAIN APARTMENTS
1. C16/1-5 Grantham Street, Brunswick West $165,000
2. 2/6-7 Coventry Place, Melton $197,000
3. 16/16 Eastcote Street, Sunshine North $265,000
4. 3/5 Empire Street, Footscray $270,000
5. 29/34-42 Hanna Street, Noble Park $291,000
Source <a href="https://www.reiv.com.au/RESEARCH/Auctions/Auction-Results" target="_blank">REIV</a>
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jchancellor-FAypfDUnLy

Melbourne clearance rates bettering August 2015: REIV

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Nick Maxwell, the former Collingwood premiership captain, and his wife Erin are selling their 1930s Spotswood home, as they seek schools for their two young children.
The pretty extended weatherboard at 12 Stephenson Street was renovated by Maxwell, with involvement from his brother and father, who are builders.
The property cost $280,000 in 2004.
The three bedroom <a href="https://www.realestateview.com.au/Real-Estate/12-stephenson-street-spotswood/Property-Details-buy-residential-9199328" target="_blank">12 Stephenson Street, Spotswood</a>, is listed for August 15 auction with $900,000 plus hopes through Sweeney Estate Agents agent Wayne Sweeney.
Set on 512 square metres, has an enviably large walk-in wardrobe, with an en suite off the main bedroom and a parents' retreat, and sweeping open plan living.
After his 2014 retirement from league footy, Maxwell joined NRL team Melbourne Storm as a leadership development coach. 
Erin Maxwell is best known for her Melbourne style Love Shop Share blogging.
“The reason they’re selling is to move to South Williamstown to get the kids into the local schools,” Wayne Sweeney told the Herald Sun newspaper.
CoreLogic RP Data put <a href="/news">the suburb's house median at around $668,000</a>. 
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Retired Pies captain Nick Maxwell lists in Spotswood

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Sydney and Melbourne suffered the greatest amount of annual change in the property listings on sale with Melbourne listings falling 20.2% year on year and Sydney down 15.7%.
All listing numbers in capital cities fell during June to 335,971, with the national level down 6.5% when compared to May and down 3.2% when compared to June last year, according to new figures realised form SQM Research.
SQM Research managing director Louis Christopher said while the national result is only down marginally from levels recorded this time last year, the Sydney and Melbourne result clearly reveals the ongoing boom in these two cities. 
"We have not seen Sydney with so few listings and Melbourne’s stock is now being quickly absorbed. Potential vendors in these two cities are holding back on selling their property in the hope (and fear) that the market is going to rise from here," Mr Christopher said.
"With this type of squeeze on the market, prices will indeed most likely rise from here."
House prices in Sydney held a monthly rise of 2.8%, with a median asking price for a Sydney home at $1,120,700.
Median asking house prices in Darwin continue to fall, with a 12 month decline of 2.4% for houses, and 8.4% for units. 
<a href="/images/2015/07/06/sqm.jpg" target="_blank">Click to enlarge</a>
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Melbourne property listings fall 20% year on year: SQM

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Property sales within the Mount Gambier district of South Australia have levelled despite a January to March dip when compared to the first quarter of 2014, with overall sales now much higher than the 'soft' market of 2011. 
The Herron Todd White June 2015 review noted the property market in Mount Gambier remains relatively stable, with sales numbers up in the first quarters of 2014 and 2015 all up from previous years until 2009/10.
However, due to the necessity of public spending and private sector investment to stimulate local economic conditions, the report predicts growth in property prices statewide will be subdued in the short term. 
 
<a href="/images/2015/07/02/house_Sales.jpg"> Click to enlarge</a>
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Mount Gambier a safe haven in SA property market: Herron Todd White

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June property market offerings took longer to sell across Australia, but there was a marked trend to less discounting being required by vendors.
The latest APM chart showed only Sydney and Adelaide wen against the trend of lower discount required for the private treaty markets in the survey.
Brisbane's property cycle recovery gains momentum, but fell back on the key indicator of days on market, according to the latest APM heat chart.
The required discount for private treaty vendors was down to 5.7% from recent 6.3% peaks.
The Gold Coast market improvement was similiarly inconsistent. 
At 49 days, Sydney remained the unchallenged engine room of the Australian property market for speed, but Canberra and Melbourne vendors were selling at less required discount. 
<a href="/images/2015/07/06/APM.jpg" target="_blank">Click to enlarge</a>
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Longer to sell, but less discount required to secure sale in June: APM

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The REIV reported the top weekend auction locations were Reservoir and Yarraville with nine auctions in each, followed by Dandenong North with eight auctions.
The 2015 auction capital is Reservoir - for the second successive year, the REIV chief Enzo Raimondo noted adding Victoria's housing market secured the highest number of auction sales over any six-month period in Melbourne’s history – in the six months to 30 June.
Some <a href="/news">seven of the nine Reservoir weekend auctions</a> resulted in sale ranging between a $380,000 unit and<a href="https://www.realestate.com.au/property-house-vic-reservoir-119956609" target="_blank" style="line-height: 1.3em;"> </a>(pictured above) a $1 million 1920s house. 
<a href="/images/2015/07/06/reiv.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/06/reiv.jpg" alt="" width="1333" height="542">
A total of just over 13,000 homes were sold at auction over the past six months, compared to about 12,400 over the same period last year.
The biggest growth in sales was driven by outer Melbourne, with these suburbs seeing a 20% year-on-year increase – to 2,263 auction sales this year (compared to 1,879 in the first half 2014).
Enzo Raimondo said Melbourne’s reputation continued to grow as the auction capital of Australia, with traditionally private-sale suburbs now turning to auctions as buyer numbers trend upwards.
“The growth in auction sales in outer Melbourne has helped push the city’s clearance rate to a high 80%, compared to 73% this time last year,” he said.
Mr Raimondo said the large increase in auction sales in outer Melbourne reflects several factors, including a growing interest from owner occupiers in areas which are still affordable and within commuting distance of the CBD, and a growing number of investors securing homes in these areas.
One suburb, Wantirna South, has seen a 100% increase in auctions this year - from 36 for the first six months last year to 72 this year;
The middle suburbs had the highest proportion of auction sales in Melbourne, where 82% of properties going into auction were sold.
In other results, three eastern Melbourne suburbs recorded the next highest year-on-year increase in the number of auctions - Mount Waverley, Glen Waverley and Bayswater. 
Others in the top 10, which covered all of Victoria, were Rosebud and Shepparton.
“Melbourne’s east has seen some of the strongest growth in buyer activity and in median prices in Melbourne this year, leading to many more auctions in this region,” Mr Raimondo said.
The inner Melbourne suburb with most auctions this year is Richmond – where 230 homes have gone to auction, with 186 selling.
A clearance rate of 78% was recorded throughout June 2015, compared to 72% the same time last year.
"This is the highest clearance rate for the month since 2009," the REIV chief advised.
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