<p data-end="1587" data-start="1236">The Victorian Government has secured the passage of the Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026, introducing a suite of reforms aimed at improving consumer protection and confidence in the apartment market.</p>

<p data-end="1587" data-start="1236">Resilience Insurance, Australia’s leading Latent Defects Insurance (LDI) provider, has welcomed the move.</p>

<p>The LDI elements of the Bill passed with bipartisan support and now moves to the Legislative Council where debate and passage are expected later this month. It represents a significant milestone in the national shift toward stronger, longer-term protection for apartment buyers.&nbsp;</p>

<p>The reform would deliver practical benefits across the housing system. Apartment owners will have stronger protection if major defects emerge, developers and builders will have a clearer quality framework to work within, and the State will reduce the risk of serious building failures becoming a long-term financial and social burden for households, communities and government.&nbsp;</p>

<p>LDI helps support apartment delivery while providing stronger protection for buyers and encouraging better construction outcomes.&nbsp;</p>

<p>Resilience LDI provides apartment owners with 10 years of insurance-backed cover for major structural defects from completion, with direct claim access to the insurer. This means owners are not required to first pursue developers or builders through costly legal action before accessing protection.&nbsp;</p>

<p>Resilience Insurance has been operating in Australia since 2022 and has already insured hundreds of development projects covering many thousands of apartments across Australia.&nbsp;</p>

<p>At approximately 1.8 per cent of build cost, it is a cost-competitive alternative to the traditional two per cent Strata Bond, bond while delivering significantly broader and longer protection.&nbsp;</p>

<p>“The Victorian Lower House vote shows that reforms like this succeed when they are practical, evidence-based and supported by industry," says Corey Nugent, CEO of Resilience Insurance.</p>

<p>"Victoria is moving quickly on a reform that will make a real difference for apartment buyers, while supporting better building outcomes and greater confidence in apartment delivery.</p>

<p>“This is step one. We look forward to the Bill completing its passage through the Legislative Council and to working with government and industry to implement the framework effectively.”&nbsp;</p>

<p>Fast Facts: What is Resilience LDI?&nbsp;</p>

<ul>
	<li>Resilience Latent Defects Insurance (LDI): Covers major structural defects for 10 years from completion.&nbsp;</li>
	<li>Consumer-first: Direct claim access, no need for lengthy legal action.&nbsp;</li>
	<li>Cost advantage: At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.&nbsp;</li>
	<li>Market leader: Resilience Insurance is the first approved LDI provider in NSW.</li>
</ul>


The Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026 has passed the Victorian Lower House, putting Victoria on track to become the first state to legislate an industry workable LDI framework as a formal alternative to the Strata Building bond. 

Joel Robinson

10-year Latent Defects Insurance for new apartment buyers set to land in Victoria

<p>Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.</p>

<p>Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.</p>

<p>There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.</p>

<p><img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" /></p>

<p>Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.</p>

<p>"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."</p>

<p>The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;</p>

<p>The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;</p>

<p>Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;</p>

<p><em>Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a></em></p>

<p><em>Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a></em><br />
&nbsp;</p>


Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

<p>Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.</p>

<p>The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.</p>

<p>Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.</p>

<p>The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.</p>

<p><img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" /></p>

<p>A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.</p>

<p>Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.</p>

<p>New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.</p>

<p>GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.</p>


First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

<p>A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.</p>

<p>The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.</p>

<p>Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.</p>

<p>[smartcode_project:default project_id=135876 project_image_fid=368853]</p>

<p>The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.</p>

<p>GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available.</p>

<p>Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.</p>

<p>[smartcode_project:default project_id=135876 project_image_fid=368851]</p>

<p>The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.</p>

<p>The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.</p>

<p>[smartcode_project:default project_id=135876 project_image_fid=368852]</p>

<p>For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.</p>

<p>GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.</p>

<p>"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.</p>

<p>"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."</p>

<p>[smartcode_project_cta:default project_id=135876]</p>


GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<p><a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.</p>

<p>The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.</p>

<p>&nbsp;</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.</p>

<p>The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.</p>

<p><img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" /></p>

<p>A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.</p>

<p>The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.</p>

<p>"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.</p>

<p>The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.</p>

<p>Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."</p>

<p>The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.</p>

<p><img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" /></p>

<p>The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.</p>

<p>S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.</p>

<p>Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.</p>

<p>John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.</p>


First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

Stock Levels

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<p><span>EXPERT OBSERVER</span></p>
<p><span>The seasonal surge in listing numbers is well underway, with fresh listings being added to the market up 16% relative to the end of winter, however, despite the upswing in new listings, fresh stock additions are tracking almost 4% lower than the at the same time a year ago to be at their lowest seasonal level since 2012. </span></p>
<p><span>The low level of new listing numbers can be attributed to weak vendor confidence; no surprise given housing market conditions have weakened and selling conditions have become more challenging.</span></p>
<p><span><a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%201.jpg" target="_blank">Click here to enlarge</a>.</span></p>
<p><span> <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/2018/10/19/stock%20level%201.jpg" alt=""></span></p>
<p>Although freshly advertised stock is low, total advertised listing numbers have been trending higher as the rate of absorption slows. In fact, if the current trend continues, we will see the number of properties available for sale exceed the recent 2012 peak in total advertised stock levels. Total listing numbers are 10.2% higher than year ago and at their highest level for this time of the year since 2012.</p>
<p>The rise in total listing numbers isn’t due to a panicked surge in new listings. This is more about less demand which is causing a rise in relisting’s along with longer selling times and fewer successful sales at auction.</p>
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<p><span>The typical capital city dwelling sold by private treaty is now taking 53 days to sell compared with 42 days a year ago and discounting rates have risen to an average of 6.5%, up from 6.0% a year ago.</span></p>
<p>Click here to <a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%203.jpg" target="_blank">enlarge.</a></p>
<p><span> <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/2018/10/19/stock%20level%203.jpg" alt=""></span></p>
<p>More stock means more choice for buyers and harder selling condition for vendors – essentially abuyers’ market. Buyers have little sense of urgency under these conditions; they can negotiate hard, take their time to make a purchase decision, and if they feel a property price doesn’t reflect fairvalue, they can easily move onto the next property option.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/19/stock%20level%204.jpg" target="_blank">to enlarge. </a></p>
<p><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/2018/10/19/stock%20level%204.jpg" alt=""></p>
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<p><span>With so much competing stock on the </span>market, vendors will need to be reasonable with their pricing expectations and ensure their marketing campaign is as effective as possible in order to stand out from other stock for sale.</p>
<p><em><span class="s2"><em><em>Tim Lawless is the national research director of CoreLogic RP Data </em>and can be contacted<a href="https://blog.corelogic.com.au/author/timlawless/" target="_blank"> here.</a></em></span></em></p>
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tlawless-5VLUrbAk9s

Buyers back in the driver's seat as stock levels surge to highest levels since 2012

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<p class="post-title entry-title">One of several reasons that some of Australia's property markets might fare surprisingly well in 2018 is the looming equities correction, driven by volatility in the US and elsewhere. </p>
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<p>It's now become clear (if it wasn't already obvious) that <a href="http://petewargent.blogspot.com.au/2018/01/rate-hikes-are-not-on-cards" target="_blank">interest rates aren't going to be hiked</a> this year, and probably not next either. </p>
<div>Employment is picking up nicely in some capital cities, and population growth is rising too, driving demand for housing. </div>
<div> </div>
<div>Meanwhile, the lack of enticing alternatives will keep a healthy volume of investors interested in real estate, with the cash rate stuck at record lows for the foreseeable future. </div>
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<div>Since closing at 6135.81 on January 9, the Aussie share market as measured by the ASX 200 index has already dropped by -5.13 per cent. </div>
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<div>An inauspicious start to 2018 to say the least. </div>
<div><span><strong> </strong></span></div>
<div><span style="text-decoration: underline;"><span><strong>'Pain trade'</strong></span></span></div>
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<div><span>US stock futures are up quite strongly at the time of writing, so perhaps tomorrow will be a better trade Down Under. </span></div>
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<div><span>But somehow it seems doubtful that stock market nerves are going to be settled for a while yet. </span></div>
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<div><span>That's the uncanny tendency of markets to deliver the maximum amount of punishment to the most investors from time to time, especially after a long, strong run.</span></div>
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<div><span>Myer (ASX: MYR) finished today's trade with a fresh low close of 55 cents. </span></div>
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<div><span>Shorters should now be wary of the takeover risk. </span></div>
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<div><span><span>PETE WARGENT is the co-founder of </span><a href="https://allenwargent.com/" target="_blank"><span class="s2">AllenWargent</span></a><span> property buyers (London, Sydney) and a best-selling author and </span><a href="https://petewargent.blogspot.com/" target="_blank"><span class="s2">blogger</span></a><span>.</span></span></div>
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pwargent-M4siyDbqQY

Share correction could help Australia property markets

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<p>Despite a surging population and record high levels of new construction, a lower proportion of housing stock is selling. </p>
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<p>The analysis, paired annual settled sales data with dwelling counts over time to show that the proportion of total housing stock turnover on an annual basis. </p>
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<p>The analysis found that over the 12 months to September 2017, just 5% of the national housing stock transacted; the lowest proportion of stock-turnover since April 2012 when it was at an historic low of 4.9% of stock transacted. Over the nine years of data available, an average of 5.5% of the national housing stock transacts in a given year.</p>
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<p>Across the combined capital cities, a record-low of 4.7 percent housing stock transacted over the past year which was well down on the 5.6% average. Across the combined regional markets, 5.6% of housing stock transacted which was slightly higher than the 5.5% average. In both the capital city and regional housing markets stock turn-over is slowing. </p>
<p><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/2017/10/26/Total.jpg" alt=""></p>
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<p>Housing turnover is impacted by supply and demand factors. From the demand side of things the contributors are the rate of population growth, growth in household incomes, levels of investor demand and accessibility to credit. </p>
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<p>From the supply side the factors include the level of new housing construction and how much stock is actually available for sale at any given time. Other factors include the costs associated with buying and selling properties as well as government policies such as incentives for first home buyers.” </p>
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<p>Across the states and territories, the trends are interesting: </p>
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<p>NSW: In Sydney an historic low 4.7% of housing stock transacted over the past year and in regional NSW the figure was 5.9%. In each region turnover has slowed. </p>
<p><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/2017/10/26/NSW.jpg" alt=""></p>
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<p>Vic: Historic low 4.4% of Melbourne housing stock turned-over throughout the past year compared to 4.9% of regional Vic stock. Both of the regions are seeing a fall in turnover.</p>
<p><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/2017/10/26/Vic.jpg" alt=""></p>
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<p>Qld: Stock turnover is well above record lows in Brisbane (5.8%) and regional Qld (5.8%). Brisbane turnover is only slightly below average (5.9%) while regional Qld turnover is at average levels. </p>
<p><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/2017/10/26/QLD.jpg" alt=""></p>
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<p>SA: Turnover is fairly steady in SA recorded at 5.7% in Adelaide and 5.8% in regional SA. In each region turnover is slightly above long- term average levels. </p>
<p><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/2017/10/26/SA.jpg" alt=""></p>
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<p>WA: After a large fall over recent years, turnover has stabilised at a record low in Perth (3.6%) and has increased slightly from record lows in regional WA (4.2%). </p>
<p><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/2017/10/26/WA.jpg" alt=""></p>
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<p>Tas: In Hobart, 5.9% of housing stock sold last year compared to a long-term average of 5.4% annually and in regional Tas 6.1% of stock sold compared to a long-term average of 5.3% </p>
<p><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/2017/10/26/Tas.jpg" alt=""></p>
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<p>NT: 4.2% of housing stock transacted over the past year in Darwin and 4.7% of stock in regional NT. There has been a significant fall in turnover across the state as dwelling values have fallen.</p>
<p><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/2017/10/26/NT.jpg" alt=""></p>
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<p>Canberra: Over the past year, 4.8% of housing stock sold which is an historic low level. </p>
<p><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/2017/10/26/Canberra.jpg" alt=""></p>
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<p>The figures are stark given just how little of the Australian housing market actually sells in any given year.</p>
<p>A big driver of the low level of turnover over the past year has been relatively low levels of stock for sale, particularly in our largest capital cities and the high costs associated with stamp duty when buying a property.</p>
<p>The impost of stamp duty discourages turnover as we have recently seen with the removal of stamp duty for first time buyers under certain price thresholds in NSW and Vic.</p>
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<p>Once removed there has been a surge in housing finance commitments by first home buyers.</p>
<p>The final consideration for the low turnover is the high cost of housing in Australia, because the cost is high it is a significant consideration for households as to whether or not to purchase a property. </p>
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ckusher-ujnxiKuFQs

Dwelling construction surges yet housing turnover falls

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<p>Zuccoli, <span>a relatively new suburb in the City of Palmerston</span><span>,</span> has experienced the biggest stock increase in the Northern Territory over the past 12 months, according to Investar.</p>
<p>Investar says its sales stock has grown by 80%, from 60 houses this time a year ago to its current 108 offerings.</p>
<p>It is followed by Muirhead with 49% growth and Gunn with 37% growth. </p>
<p><em><a href="https://www.propertyobserver.com.au/images/2019/3/28/zuccoli.jpg" target="_blank">Click here </a>to enlarge:</em></p>
<p><em><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/2019/3/28/zuccoli.jpg" alt=""></em></p>
<p><em>Source: Investar</em></p>
<p>A three bedroom Zuccoli home currently on the market is priced at $499,000 (pictured above).</p>
<p>Set on a 570 square metres, the nearly new house at <a href="https://www.realestate.com.au/property-house-nt-zuccoli-130765978" target="_blank">35 Myrtlewood Crescent </a>comes with three bedrooms, two living areas, well-appointed kitchen, and established gardens. </p>
<p>It also features air conditioning throughout, solar power system and double lock up garage. </p>
<p><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/2019/3/28/zuccoli%202.jpg" alt=""></p>
<p>Another example is a four bedroom Zuccoli house priced at $475,000 (pictured above).</p>
<p>Built in 2015, the house at<a href="https://www.realestate.com.au/property-house-nt-zuccoli-130597222" target="_blank"> 41 Brook Circuit</a> comprises four bedrooms, separate media room, living room, and large back verandah.</p>
<p>It's within close proximity to new <span>schools and the local IGA.</span></p>
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j.ballantyne1990-6AQqhLzZaK

Zuccoli experiencing NT's biggest jump in stock: Investar

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<p>Upper Kedron, <span>an outer suburb of Brisbane</span>, has experienced the biggest stock increase in Queensland over the last 12 months, according to Investar.</p>
<p>Investar says its sales stock has grown by 170%, from 27 houses this time a year ago to its current 73 offerings.</p>
<p>It is followed by Rothwell with 129% growth and Gleneagle with 119% growth. </p>
<p><em><a href="https://www.propertyobserver.com.au/images/2019/3/28/qld%20investar.jpg" target="_blank">Click here</a> to enlarge:</em></p>
<p><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/2019/3/28/qld%20investar.jpg" alt=""></p>
<p><em>Source: Investar</em></p>
<p>A Upper Kedron offering currently on the market is a five bedroom house priced over $620,000 (pictured below).</p>
<p>Set on a large 773 square metre block, the family home at <a href="https://www.realestate.com.au/property-house-qld-upper+kedron-130732070" target="_blank">16 Thomas Place</a> comes with five bedrooms, separate areas for lounge, dining and casual living, kitchen  and alfresco patio.</p>
<p><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/2019/3/28/upper%20kedron%202.jpg" alt=""></p>
<p>Another four bedroom Upper Kedron house on a 659 square metre block has been recently sold for $612,000 (pictured below).</p>
<p>The house at<a href="https://www.realestate.com.au/sold/property-house-qld-upper+kedron-130179426" target="_blank"> 5 Kulnura Street </a>comprises four bedrooms, multiple living areas, modern kitchen, and covered alfresco area.</p>
<p>It's close to parkland, shops, train and schools. </p>
<p><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/2019/3/28/upper%20kedron%203.jpg" alt=""></p>
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Brisbane's Upper Kedron house stock increases 170% in a year: Investar

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<p>South Nowra, a suburb of Nowra in the Shoalhaven in New South Wales, has been ranked as having the nation's biggest stock increase.</p>
<p>Its sales stock has grown by 252%, from 23 houses this time last year to its current 81 offerings, according to Investar.</p>
<p>It suggests postcode 2541's median house price sits at $566,000, with 14.3% growth over the past year.</p>
<p>Its median rent sits at $430 per week, which has increased 7.5% over the past year.</p>
<p>The rental yield sits at 4%.</p>
<p>A South Nowra four bedroom house has been recently sold for $496,010 (pictured below).</p>
<p>It was sold by Jacqui Grapp from Raine&amp;Horne on May 31.</p>
<p><a href="https://www.realestate.com.au/sold/property-house-nsw-south+nowra-127519710" target="_blank">Situated at 7 Barbata Grove</a> (pictured above), the home on a 700 square metre block comes with four bedrooms, open plan kitchen and dining, lounge area and double garage. </p>
<p>Other features including outside access via sliding doors, timer laminate flooring and rear yard access for the boat. </p>
<p>Another Caladenia Crescent four bedroom was sold for $555,000 by Megan Liddicoat and Scott Baxter from Ray White on April 30.</p>
<p>It was last traded for $181,500 in 2016 (pictured below).</p>
<p>Located within the Green Orchid estate,<a href="http://www.realestate.com.au/sold/property-house-nsw-south+nowra-127874622" target="_blank"> the 50 Caladenia Crescent</a> home comprises of four bedrooms, gourmet kitchen, and open plan living and dining.</p>
<p>Nestled on a 660 square metres, the rear yard is level and freshly turfed with double gates providing side access for boats, caravans and trailers, plus a rear garden shed/ workshop.</p>
<p><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/2018/6/19/50%20caladenia%20cres.jpg" alt=""></p>
<p>A South Nowra offering currently on the market is a four bedroom house priced at $525,000 (pictured below)</p>
<p>It was listed by Peter Russell and Ashleigh Beaufils from Integrity Real Estate.</p>
<p>Positioned on a 458 square metre block, <a href="https://www.realestate.com.au/property-house-nsw-south+nowra-128420022" target="_blank">the 52 Basil Street</a> house contains four bedrooms, separate lounge room, dining and living, and double garage. </p>
<p>It is located just a short stroll to the local park and a short drive to shops and medical. </p>
<p><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/2018/6/19/52%20basil%20st.jpg" alt=""></p>
<p>Another South Nowra four bedroom house has been listed for $545,000 to $565,000 (pictured below).</p>
<p>It is offered by Bohdan Brumerskyj from Professionals Clyde Poulton Real Estate.</p>
<p><a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/property-house-nsw-south+nowra-128214230" target="_blank">Located at 25 Terralla Grove</a>, the house features four bedrooms, kitchen with gas cooking, three well-sized living areas and two-car electric door garage.</p>
<p>It is only minutes from the centre of Nowra, and close to schools, sporting facilities and state forests.</p>
<p><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/2018/6/19/25%20terralla%20grove.jpg" alt=""> </p>
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South Nowra experiencing biggest jump in stock 

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<p>Melbourne has over 6.5 percent less fresh listings than it had at the same time last year, while Adelaide and Brisbane aren't too far behind.</p>
<p>Sydney's new 8,300 listing represents a 0.4 percent increase in fresh stock to their market compared to a year ago.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/3/14/properties_listed.jpg" target="_blank">to enlarge.</a></p>
<p> </p>
<p> <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/2018/3/14/properties_listed.jpg" alt=""></p>
<p>Sydney's overhang still comes from last year, with 26,800 total listings showing a 22.5 percent increase on how many listings they had last year.</p>
<p>Hobart is still well short of stock with dwellings flying off the shelves. They're 34.5 percent down on total number of listings from this time last year.</p>
<p>In total there are nearly 30,000 new listings, down 3.2 percent from this time last year.</p>
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jrobinson-rf4aSBido9

Melbourne's fresh listings well down while Sydney still sees major overhang from 2017

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<p>Montello is one of the few Tasmanian locations that Investar calculates has secured a big increase in stock.</p>
<p>The sales stock growth was recently calculated as up by 50%, from 20 houses this time last year to its current 30 offering. </p>
<p>Investar put its median rental at $240 a week.</p>
<p>The median house price sits on $189,000, according to CoreLogic.</p>
<p>A three-bedroom house currently on the market is an <a href="https://www.realestate.com.au/property-house-tas-montello-127253150" target="_blank">8 Alice Street</a> offering, which is priced at $199,000 plus. </p>
<p>It came with open plan kitchen and dining and garage space.</p>
<p>Another three bedrooms offering nearby is priced at $169,000 (pictured below).</p>
<p>This <a href="https://www.realestate.com.au/property-house-tas-montello-119377119" target="_blank">2 Morse Street house</a><a href="https://www.realestate.com.au/property-house-tas-montello-125987954" target="_blank"> </a>is situated about 10 mins walk to CBD. </p>
<p>It was previously rented fully furnished, (all furniture is included in the sale) for $220 per week.</p>
<p>A Margaret Street house has been sold for $213,000 this January. </p>
<p><a href="https://www.realestate.com.au/sold/property-house-tas-montello-127016182" target="_blank">The 8 Margaret Street </a>house came with three bedrooms and two living.</p>
<p>Set on Mace Street, near Montello Primary School, a three bedroom house sold for $155,000 in 2016. </p>
<p><a href="https://www.realestate.com.au/sold/property-house-tas-montello-115131635" target="_blank">The 19 Mace Street house </a>came with a separate garage and the 800 ㎡etre yard (pictured below).</p>
<p><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/2018/1/31/montello%202.jpg" alt=""></p>
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Montello ranks as having Tasmania's biggest stock rise

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<p>Lathlain is the Western Australia location which has had a dramatic decline in its house listings.</p>
<p>Investar suggests that the decrease of sale stock is around 61%, from 46 houses this time last year to its current 18 offerings. </p>
<p>There is one Rayment Street offering under contract priced at over $749,000 (pictured below).</p>
<p>Built in 1961, the <a href="https://www.realestate.com.au/property-house-wa-lathlain-127476026" target="_blank">25 Rayment Street home</a> comes with three bedrooms, separate large lounge room an open plan kitchen.</p>
<p>Additional features include ducted evaporative air-conditioning, ceiling fans in kitchen and bore-fully reticulated gardens.</p>
<p><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/2018/2/26/25%20rayment%20street.jpg" alt=""></p>
<p>A Howick Street four bedroom house has been recently sold for $600,000 (pictured below).</p>
<p>It was sold by Ken Nelligan from LJ Hooker.</p>
<p>Located at<a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-126988670" target="_blank"> 50A Howick Street</a>, the Western Australian home comes with four bedrooms, separate formal lounge/theatre room and open plan kitchen.</p>
<p>It is only a short walk to Victoria Park train station, and minutes to Crown Entertainment complex, Perth Stadium and Lathlain Park.</p>
<p><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/2018/2/26/50a%20howick%20st.jpg" alt=""></p>
<p>Another Lathilain three-bedroom house was sold for $670,000 in July 2017 (pictured below).</p>
<p><a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-124548662" target="_blank">The 26 Rutland Avenue house</a> was sold by Craig Wildman from Acton.</p>
<p>Fully renovated, the 1920s built home comes with three bedrooms, modern kitchen and large backyard.</p>
<p>It also has double glazed windows,  ducted reverse cycle air conditioning and a CCTV system.</p>
<p><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/2018/2/26/26%20rutland%20avenue.jpg" alt=""></p>
<p>Investar puts it the suburb median rental at $360.</p>
<p>The suburb's median house price sits on $660,000 according to CoreLogic. </p>
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