<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Sqm Research

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National residential property listings surged 2.2 per cent in January, according to figures released by SQM Research.
Numbers rose from 288,966 in December to 295,295 in January, an increase of just over 6,000 listings.
Figures were still 10 per cent down compared to last year however.
All capitals saw listings increase. The largest jump was in Sydney, whose listings grew by 5.1 per cent, closely followed by Hobart up 4.9 per cent.
<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/2020/2/4/SQM%20Jan%20listings.jpg" alt="">
SQM Research managing director Louis Christopher said the rise in listings was a surprise.
"The month of January traditionally records small falls in properties listed for sale as the market is still in a summer holiday mode however, the positive start in new listings shows vendors are now keen to sell and we could see further increases in the coming months.”
Asking Prices
Capital city asking prices dropped by 0.4 per cent for both houses and units in January.
The average asking price for a house is now $973,500, compared with $575,100 for units.
Housing asking prices are 5.5 per cent higher than they were this time last year, but unit asking prices are down 0.1 per cent.
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Residential property listings surge in January: SQM Research

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Figures released by SQM Research show a decrease in national residential property listings across all capital cities in December 2019. 
National residential property listings across capital cities show an overall 12 per cent decline in 2019.
In December 2019, listings decreased by 14.8 per cent, declining from 338,971 in November to 288,966.
"The month of December traditionally records falls in properties listed for sale as it is the start of the festive and summer holiday period, whilst November shows a surge in listings as vendors are keen to sell before the holiday season approaches," explains Louis Christopher, managing director of SQM Research.
"The recent devastating bushfires in NSW, Canberra and Victoria could also result in declines in property listings and impact property values in these regions in the coming months."
All capital cities saw decreases in property listings over the month with the most significant decrease experienced in Sydney with 28.7 per cent, followed closely by Canberra with 28.1 per cent.
Property listings in Sydney fell from 32,101 in November 2019 to 22,888 in December while Canberra saw a decline from 4,998 to 3,595. 
<img src="https://www.urban.com.au/images/2020/1/9/N2_Market_Month.jpeg" alt="" width="790" height="202">
Year-on-year listings similarly show declines for all capital cities with Sydney showing a decline of 30.1 per cent, followed by Darwin with 25.2 per cent, and with Canberra only recording an overall 14.6 per cent decline. Meanwhile, Brisbane is revealed as declining the slightest with only 8.4 per cent. 
<img src="https://www.urban.com.au/images/2020/1/9/N1_Stock%20Market%20Table.png" alt="" width="796" height="263" style="caret-color: #000000; color: #000000;">
Stock on Market Table, SQM Research.
 
 
 
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Sydney vendors vacate market as December 2019 property listings decrease: SQM Research

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Average asking prices in capital cities only increase marginally in December 2019 according to SQM Research.
The capital city asking prices have increased by 2.4 per cent for houses and 0.8 per cent for units in December 2019 with the average asking price at the year end being $977,900 for houses and $577,600 for units. This is significantly lower than a year ago with the capital asking prices showing an increase of 5.8 per cent for houses and 1 per cent for units. 
Over December 2019, Sydney and Hobart were the only capital cities to show increases in both house and unit prices. 
Meanwhile, all other capital cities recorded increases in house prices but saw marginal declines in unit prices over the month. Perth, in particular, saw the greatest fall in the unit market with a 1.6 per cent decline while the city's house price increased by 0.3 per cent. Hobart's unit prices recorded the strongest growth of 2 per cent. Darwin continues to record declines in both house and unit prices of 2 per cent and 1.2 per cent respectively.
<img src="https://www.urban.com.au/images/2020/1/9/N3_Asking%20Price.jpeg" alt="" width="915" height="693">
Weekly Asking Prices Index, SQM Research.
Overall, Melbourne shows the strongest price growth of 4.2 per cent for houses despite its decline in the unit market at 0.6 percent. Melbourne's median house asking price has now returned back to over one million dollars. This was last seen between the period of April and June 2018. The city's median asking price is currently sitting at $1,027,600. Following behind, the Sydney house market similarly climbed back to its 2017/2018 highs of over $1.3 million, records show a 2.4 per cent increase in asking house prices over December 2019. The current median asking house price in Sydney is $1,341,400.
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Capital cities average asking prices increase marginally: SQM Research  

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National residential property listings jumped over six percent in November, according to figures released by SQM Research.
They rose 6.3 per cent from 318,874 to 338,971.
Listings are still 6.3 per cent down on the same levels this time last year.
 
<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/2019/12/3/SQM%20stock%20table%20November.jpg" alt="">
Darwin was the only capital not to experience a listing increase. Their listings are now over 12 per cent down over the year.
Listings in Hobart rose nearly 12 per cent, while Adelaide, Melbourne and Canberra all saw listings grow by over 10 per cent.
Canberra is the only capital with listings higher than the same time last year.
Sydney's listings went up by just over seven percent, and are over 19 per cent down on this time last year, the most across the country.
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Hobart lead property listings surge in November: SQM

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Most of Australia’s capital cities will benefit from the interest rate cuts and loosening of credit restrictions, even Perth which has been in a long term slump, according to Christopher’s Housing Boom and Bust Report for 2020, released today by SQM Research.
In every scenario barring the worst case, Scenario 4, a doomsday scenario, Perth is expected to see price growth.
<img src="https://gallery.mailchimp.com/9badbd870addb4af72206c2eb/images/4df1a5ab-58ab-48eb-be7c-da10730ccd12.png">
As a result of the improved international outlook and an existing recovering in mining investment, the city of Perth will finally record price rises next year after a prolonged housing downturn. The forecast is for Perth dwelling prices to rise between 3% to 6%.
In the base case forecasts, what SQM view as the most likely scenario, there are no changes in interest rates and no intervention by the Australian Prudential Regulation Authority (APRA).
Louis Christopher, when referencing a long term perspective, "better value can definitely found in other markets that aren't Sydney and Melbourne such as Perth and Brisbane."
SQM Research also anticipates an ongoing recovery in the Brisbane and Perth rental markets in 2020, he noted.
<a href="/expert-insights/buying/sydney-house-prices-could-jump-14-per-cent-in-2020-sqm-research">Sydney</a> and <a href="/expert-insights/buying/melbourne-house-prices-tipped-to-rise-by-up-to-15-per-cent-sqm-research">Melbourne</a> look set for the largest recovery, with Hobart and Canberra next up, followed by <a href="/expert-insights/buying/perth-real-estate-finally-set-for-price-growth-in-2020-sqm-research">Perth</a> and <a href="/expert-insights/buying/brisbane-housing-market-will-see-growth-in-2020-sqm-research">Brisbane</a> while Adelaide and <a href="/expert-insights/buying/darwin-the-only-city-forecast-for-falling-real-estate-prices-in-2020-sqm-research">Darwin</a> look set for minimal growth, or a loss.
Read the <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=944878d0b0&amp;e=0aab96dc54" target="_blank" data-auth="NotApplicable">Christopher’s Housing Boom and Bust Report</a> here.
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Perth real estate finally set for price growth in 2020: SQM Research

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Sydney house prices could make their way back above their 2017 peak next year, according to a new report by SQM Research.
Christopher's Housing Boom and Bust Report 2020 forecasts Sydney prices to grow between 10 per cent and 14 per cent, if factors in the most likely scenario come to fruition.
Their base scenario forecasts are built on if there are no further rate cuts in 2020, that the economy recovers and there is no APRA intervention until at least late 2020.
<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/2019/11/14/SQM%20sceanrio%20forecasts.jpg" alt="">
Sydney house prices dropped peak to trough around 15 per cent since late 2017, with the slowdown coming to an end in June.
Since then, according to CoreLogic, there have been 5.3 per cent gains over the last four months. 
“The Sydney and Melbourne housing markets have recorded a sharp turnaround in the 2nd half of 2019 following on from the surprise result of the Federal Election, interest rate cuts, the loosening of credit restrictions and ongoing strong population growth rates," SQM Research boss Louis Christopher says.
"These factors are expected to drive the national housing market into 2020. In a close call, APRA is expected to not immediately intervene despite the strong price rises."
Christopher suggests however that long term, Sydney and Melbourne markets look vulnerable and forever reliant on cheap credit.
""Sydney and Melbourne are rising from an overvalued point," Christopher says.
"Housing debt, while falling compared to GDP over 2019, is still very high.
"Better value can definitely found elsewhere such as Perth and Brisbane”, Christopher added. 
Melbourne house prices are forecast to <a href="/expert-insights/buying/melbourne-house-prices-tipped-to-rise-by-up-to-15-per-cent-sqm-research">see up to 15 per cent growth</a>. 
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Sydney house prices could jump 14 per cent in 2020: SQM Research

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The quick turnaround in the housing market looks to be more prolonged than many forecast according to new research from SQM Research.
In the new 'Christopher's Housing Boom and Bust Report 2020', Melbourne house markets could climb up to 15 per cent.
The report offers four scenarios that could play out over 2020, with the base case the most likely.
Should the cash rate remain at 0.75 per cent and there be a recovery in the economy, as well as no intervention from APRA until late 2020, then house prices in Melbourne will return to the peaks of late 2017.
Sydney gains are likely to be slightly more modest, with <a href="/expert-insights/buying/sydney-house-prices-could-jump-14-per-cent-in-2020-sqm-research">gains forecast up to 14 per cent</a>.
<div><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/2019/11/14/SQM%20sceanrio%20forecasts.jpg" alt=""></div>
<div>
“The Sydney and Melbourne housing markets have recorded a sharp turnaround in the 2nd half of 2019 following on from the surprise result of the Federal Election, interest rate cuts, the loosening of credit restrictions and ongoing strong population growth rates," SQM Research boss Louis Christopher says.
"These factors are expected to drive the national housing market into 2020. In a close call, APRA is expected to not immediately intervene despite the strong price rises."
Christopher notes however he has some misgivings on the sustainability of the new recovery.
"Sydney and Melbourne are rising from an overvalued point. Long term, our two largest housing markets look vulnerable and forever reliant on cheap credit. Housing debt, while falling compared to GDP over 2019, is still very high.
"Better value can definitely found elsewhere such as Perth and Brisbane”, said Christopher.
Nationally SQM believe dwellings will rise between seven per cent and 11 per cent.
At the most unlikely end of the scale, scenario four, if rates were cut to 0 and quantitative easing begins, then house prices in Sydney and Melbourne could be flat, or see marginal gains.
</div>
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Melbourne house prices tipped to rise by up to 15 per cent: SQM Research

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The national residential rental vacancy rate remained steady in October at 2.1 per cent 
The total number of vacancies across the country is now at 69,951, up two per cent from October 2018's 67,337 vacant dwellings 
Sydney, Adelaide and Hobart recorded minor decreases in vacancy rates over the month, dropping 0.1 per cent.
<img src="https://gallery.mailchimp.com/9badbd870addb4af72206c2eb/images/a62dd82f-9411-474a-b41b-850868305569.png" width="600" height="229">
Source: SQM
Both Brisbane and Canberra increased by 0.1 per cent, with Melbourne remaining steady at 2.0 per cent.
Hobart continues to have the lowest vacancy rate in the country at 0.5 per cent, although Adelaide is not far behind with a low 0.8 per cent vacancy rate.  
Sydney and Darwin recorded the highest vacancy rate, both at 3.1%.
 
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Vacancy rates remain steady in October: SQM Research

<html><body>
National residential property listings increased in October by two per cent, according to figures from SQM Research.
They ticked to 321,754, up from 318,874 in September. 
Listings are still down nearly five per cent compared to 12 months ago.
All states were up over October, apart from Darwin where listings dropped 2.4 per cent.
The biggest jump was in Sydney, with listings up over four per cent in October, however the harbour capital also has the biggest gap to its stock levels last year, down 19 per cent.
Canberra saw the second highest stock level increase, just behind Sydney, to be one of just three capitals with stock levels higher than they were 12 months ago.
<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/2019/11/6/SQM%20research%20listings.jpg" alt="">
Source: SQM Research
Sydney's total listings still sit behind Brisbane, with Melbourne having the most stock on the market in October.
Sydney's fresh stock however is considerably closer to Melbourne's number of listings as we head in to summer. 
<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/2019/11/6/SQM%20days%20on%20market.jpg" alt=""> Source: SQM Research
 
 
 
 
 
 
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Real estate listings rise mid-spring: SQM Research

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Data released by SQM Research has revealed the national residential vacancy rate edged lower to 2.1% in September 2019, down from 2.2% in August, with the number of vacancies dropping in most cities. 
The SQM Research data suggest the number of vacancies Australia-wide sat at 71,404 properties.
Sydney’s vacancy rate dropped to 3.2% in from 3.4% in August with 22,762 properties available for rent.
Melbourne’s vacancy rate was steady at 2.0% with 11,599 rental properties available while in Brisbane, the vacancy rate fell to 2.3% in September from 2.5% with 7,880 properties available for rent.
<a href="https://www.propertyobserver.com.au/images/2019/10/15/vacancies%20.jpg" target="_blank">Click here </a>to enlarge:
 <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/2019/10/15/vacancies%20.jpg" alt=""> 
Source: SQM Research
SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.
SQM considers this to be a superior methodology compared to using a potentially incomplete sample of agency surveys or merely relying on raw online listings advertised. 
Canberra’s rental market remained tight, with the vacancy rate falling to 1.0%, down from 1.2%.
Hobart’s rate rose was steady at 0.6%.
Perth’s vacancy rate edged lower to 2.7% from 2.9% in August, but is well down from 3.6% a year ago.  
Darwin’s vacancy rate was steady at 2.9%, but well down from 3.6% a year ago. Adelaide's fell slightly to 0.9% from 1.0%.
Louis Christopher, Managing Director of SQM Research, said: “It was a better month for leasing in August, especially in the cities of Brisbane, Perth, Adelaide and Canberra.
 “Sydney also had a relatively good month as well, but vacancies in Sydney still remain elevated and are still predicted to rise before the year is over. Perth and Brisbane are likely to continue to record falls in vacancies over the short to medium term due to current low dwelling completion activity verses increased underlying demand.”
Asking Rents
Despite the rise in vacancies, capital city asking rents for houses were steady over the month to 12 October 2019 at $544 a week.
Unit asking rents, however, fell 0.7% to $435 a week. Over the year, asking rents for houses rose fell 1.4% while unit asking rents slipped 0.5%. 
Despite the upward pressure on the vacancy rate and falling rents in Sydney, the asking rent for a three-bedroom house in Sydney remains the highest nationwide at $672 a week and $496 a week for two-bedroom units.
Asking unit rents were down 0.3% in Sydney over the month while asking house rents fell 0.6%.
Asking rents in Melbourne for houses rose 2.0% over the month to $527 a week while asking rents for units fell 1.0% to $411.
<table style="width: 324px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="6" valign="top" width="324">
SQM Research Weekly Rents Index
</td>
</tr>
<tr>
<td colspan="2" valign="top" width="171">
Week ending 12 Oct 2019
</td>
<td valign="top">
Rent
</td>
<td valign="top">
Chg on prev wk
</td>
<td valign="top">
Rolling month % chg
</td>
<td valign="top">
12 mth % chg
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Sydney
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
671.6
</td>
<td valign="top" nowrap>
-0.6  
</td>
<td valign="top" nowrap>
-0.7%  
</td>
<td valign="top" nowrap>
-6.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
496.3
</td>
<td valign="top" nowrap>
-0.3  
</td>
<td valign="top" nowrap>
-0.3%  
</td>
<td valign="top" nowrap>
-3.2%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Melbourne
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
527.0
</td>
<td valign="top" nowrap>
2.0  
</td>
<td valign="top" nowrap>
0.4%  
</td>
<td valign="top" nowrap>
0.5%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
411.0
</td>
<td valign="top" nowrap>
-1.0  
</td>
<td valign="top" nowrap>
-1.8%  
</td>
<td valign="top" nowrap>
1.2%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Brisbane
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
462.4
</td>
<td valign="top" nowrap>
-1.4  
</td>
<td valign="top" nowrap>
-0.8%  
</td>
<td valign="top" nowrap>
2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
379.2
</td>
<td valign="top" nowrap>
-0.2  
</td>
<td valign="top" nowrap>
0.3%  
</td>
<td valign="top" nowrap>
2.6%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Perth
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
443.0
</td>
<td valign="top" nowrap>
0.0  
</td>
<td valign="top" nowrap>
0.6%  
</td>
<td valign="top" nowrap>
4.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
336.7
</td>
<td valign="top" nowrap>
0.3  
</td>
<td valign="top" nowrap>
-0.3%  
</td>
<td valign="top" nowrap>
4.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Adelaide
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
396.5
</td>
<td valign="top" nowrap>
-0.5  
</td>
<td valign="top" nowrap>
-0.7%  
</td>
<td valign="top" nowrap>
2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
309.6
</td>
<td valign="top" nowrap>
0.4  
</td>
<td valign="top" nowrap>
-0.8%  
</td>
<td valign="top" nowrap>
3.6%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Canberra
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
615.2
</td>
<td valign="top" nowrap>
2.8  
</td>
<td valign="top" nowrap>
2.0%  
</td>
<td valign="top" nowrap>
-1.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
462.1
</td>
<td valign="top" nowrap>
-0.1  
</td>
<td valign="top" nowrap>
0.6%  
</td>
<td valign="top" nowrap>
4.4%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Darwin
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
519.1
</td>
<td valign="top" nowrap>
-4.1  
</td>
<td valign="top" nowrap>
1.2%  
</td>
<td valign="top" nowrap>
2.8%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
381.6
</td>
<td valign="top" nowrap>
-0.6  
</td>
<td valign="top" nowrap>
0.4%  
</td>
<td valign="top" nowrap>
-3.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Hobart
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
435.4
</td>
<td valign="top" nowrap>
-2.4  
</td>
<td valign="top" nowrap>
-1.7%  
</td>
<td valign="top" nowrap>
2.3%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
403.6
</td>
<td valign="top" nowrap>
4.4  
</td>
<td valign="top" nowrap>
-2.1%  
</td>
<td valign="top" nowrap>
11.7%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
National
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
442.0
</td>
<td valign="top" nowrap>
-1.0  
</td>
<td valign="top" nowrap>
0.0%
</td>
<td valign="top" nowrap>
0.2%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
363.0
</td>
<td valign="top" nowrap>
-2.0  
</td>
<td valign="top" nowrap>
-0.8%  
</td>
<td valign="top" nowrap>
2.3%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="81">
Cap City Average
</td>
<td valign="top" nowrap>
All Houses
</td>
<td valign="top" nowrap>
544.0
</td>
<td valign="top" nowrap>
2.0  
</td>
<td valign="top" nowrap>
0.0%
</td>
<td valign="top" nowrap>
-1.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap>
All Units
</td>
<td valign="top" nowrap>
435.0
</td>
<td valign="top" nowrap>
0.0
</td>
<td valign="top" nowrap>
-0.7%  
</td>
<td valign="top" nowrap>
-0.5%  
</td>
</tr>
</tbody></table>
Source: <a href="http://www.sqmresearch.com.au/" target="_blank" style="text-align: left;">www.sqmresearch.com.au</a>
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