Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

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Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

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The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

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Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

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The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

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Joel Robinson

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

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Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

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Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

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Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

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A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

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Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

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Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.

Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;

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Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;

“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;

“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.

“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;

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BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;

“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;

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The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.

Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.

<a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;

“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;

“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

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Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

Tasmania

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The VP Chief Lending officer at La Trobe Financial has offered his enthusiasm for Tasmania's property markets through his twitter <a href="https://twitter.com/lfcbannister" target="_blank">@lfcbannister.</a>
He tweeted the ANZ/Property Council surveys results which showed the island state now boasting the highest property confidence in Australia.
To access the full ANZ report <a href="https://www.propertycouncil.com.au/Web/EventsServices/ResearchData/Sentiment__Survey/Web/Events___Services/Research_Services/ANZ_Survey.aspx?hkey=c118acf0-384d-4778-be64-c29b97bfebb7" target="_blank">click here.</a> 
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Tweet of the day: Tasmania property confidence looking up

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Of all buyer profiles within the Tasmanian residential property market, the Real Estate Institute reports that 17% of total residential sales can be attributed to investors, Herron Todd White's November review advises.
Within this investor sector the REI further reports that as a percentage of sales occurring within each region (southern, north west and north), investors are most active in the north of the state, their latest monthly update advised.
"Traditionally investors and first home buyers compete for established entry level properties up to approximately $250,000, however the first home buyer’s boost has deflected the attention of first home buyers to newly constructed dwellings in order to capitalise on the grant.
"It is unlikely the state government will extend the first home builder’s boost grant indefinitely or at its current level after December 2015.
"Consequently it could be expected there will be greater than current levels of competition between investors and first home buyers in this market level."
The report suggested that investors generally seek suburbs popular with renters being suburbs that contain either large employers, good access to public transport networks and facilities such as shopping centres, schools and child care facilities.
"Suburbs in the southern region that have achieved the greatest volume of sales in the past twelve months in this entry level price bracket of up to $250,000 are Glenorchy and Claremont.
"Both suburbs are to the north of Hobart’s city centre on the western side of the Derwent. Glenorchy is approximately nine kilometres from the centre while Claremont is approximately 14 kilometres from the centre of town."
The report does state that the majority of these sales have been houses.
"Reported gross yields in Tasmania's south for residential property range from 4.7% to 5.3%.
"The north of Tasmania reportedly offers the highest gross yields for residential investment property at between 5.6% to 5.8%."
The reports statistics show that suburbs in the north where the greatest volumes of sales have occurred within this bracket over the last year are Mowbray and Newnham. Both of these suburbs are near to the University and two good shopping centres.
Investors considering these suburbs should take note that the relocation of the Launceston campus of the University to Inveresk has the support of state and local governments and on approval is expected to be completed within five years, the report advises.
"Applying these same parameters to the north-west reveals highest sales volumes in this market bracket were achieved in the Devonport region, the largest population centre in the north-west. Reported gross yields for the north-west are between 4.8% to 5.6%.
"Should Tasmania make good on its announcement to accept up to 500 asylum seekers this may be a driver for residential property investors to capitalise on housing demand in the near future."
The monthly review concludes by proposing the government may consider schemes such as the National Rental Assistance Scheme as an incentive for private investors to meet resultant potential housing demand through its $1.2 million commitment to support such an intake. 
 
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Tasmania securing 17% investor sales: Herron Todd White

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A Tasmanian three bedroom three level home complete with solar power, dam and veggie garden is the newest entrant on the top ten most discounted properties nationwide list from SQM Research. 
The property, 62 Stacey's Road, Nubeena, coming in at number nine on the list with an asking price of $265,000.
SQM Research managing director Louis Christopher said the vendor was originally asking for offers between $385,425 and $425,000 back in August 2013. 
"Since then the vendor has slowly reduced the price by 31%, bringing the asking price down to just $265,000," he said.
"The home is within close proximity of Roaring Beach, which the vendor say's has a notable Artisan community. 
"The small township of Nubeena is located just ten minutes away with access to local schools, shops, restaurants and more."
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mick.cee-iDmgDDAmu8

Tasmanian three bedder makes SQM's top ten discounted list

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An island off Tasmania’s coast, Waterhouse Island, has been listed for sale.
It is located three kilometres off the state’s north-eastern tip, with flights chartered from nearby Bridport.  Around 1 km wide and 4.5 kms end to end, <a href="https://www.realestateview.com.au/Real-Estate/waterhouse-island-waterhouse/Property-Details-buy-residential-9604400" target="_blank">the 287 hectares</a> has been listed at $5.5 million plus through Ray White.
Agent Ant Manton suggested 6000 islands surrounded Tasmania but only nine were freehold.
The vendors are four friends who after purchasing the island 45 years ago have used the holiday home island for grazing for sheep and deer.
The island comes with a three bedroom colonial house plus guest house.
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jchancellor-FAypfDUnLy

Waterhouse Island, Tasmania listed

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A mansion built in 1850, complete with 25 rooms and staff accommodation leads the top ten discounted properties for this week from SQM Research.
The Tasmanian property, on four and a half acres, has been reduced by $1,005,000 after being on the market since March 2013.
The second property, in Oberon, NSW, is a two bedder on a 585 sqm block that has been discounted from $299,000 to $149,000.
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po-LsXgBTHBmX

25 room mansion leads top ten national discounts: SQM Research

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The most popular holiday home For Sale search on realestateview.com.au over recent weeks has been a Tasmanian coastal property.
<a href="https://www.realestateview.com.au/Real-Estate/18-airey-drive-arthur-river/Property-Details-buy-residential-8647212" target="_blank">18 Airey Drive, Arthur River, Tasmania</a>, is located only minutes from Tasmania's untamed west coast waves. It is for sale at $165,000, a small shack on a big vacant block.
According to listing agent Betty Kay from Betty Kay Realty, it can get 'a little rough' despite its reputation as a fishing hot spot as well.
The shack offering comes a little rough too.
"The three bedroom shack is in need of some renovation work but if you want a true shack - and not a house - then this could be your ideal holiday location," she said.
"There's gas cooking, hot water, wood heating and a new 26000 lltre water tank. 
"Rarely does a cheaper property come on the market, with a short walk to access the wonderful pristine beaches of the West Coast.
"There is only one block of vacant land for sale in the area, and no more land to be sold as it is held by Crown Lands," Mrs Kay said.
"People come to surf the remote and legendary Southern Ocean waves at Marrawah, to get close up with rare wildlife and to explore Arthur River and the Tarkine - Tasmania's largest protected wilderness area.
"If you are a handy man you can turn this into a comfortable holiday home with its large block of 1057m² and great location."
Its most clicked status was revealed in a list issued by the realesateview.com.au website to coincide with a marketing campaign on how the site listings attract buyer bites.
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There's so little property activity that <a href="/news">RP Data</a> hasn't been able to track any median house price movement for years.  
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Tasmania's Arthur River - Australia's most clicked holiday home for sale

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Deep inside the cliffs above the River Derwent, just 20 minutes from Hobart's CBD lies an extraordinary waterfront property.
<a href="https://charlottepeterswald.com.au/property/182-tinderbox-road-tinderbox-00087602" target="_blank">The 21 acre property</a> comes with a 300 square metre shed of exposed aggregate concrete, hiding deep within the most unique wine cellar in Australia. 
Some 4,000 bottles of wine, the grotto-like cellar was built by a mining company, accessed via a tunnel from either the cliff top or the water's edge.
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<div class="sizer">The vendor didn't want to deface the cliff with a ladder or similar structure so he built a cave with a vertical staircase.</div>
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The $3 million Tasmanian estuary man cave

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The former SMH food critic-turn-SBS Gourmet Farmer, Matthew Evans and his partner Sadie Chrestman have snappily sold their redundant Tasmanian farm.
Puggle Farm had been listed with $485,000 plus hopes as they trade up permanently to their larger Fat Pig Farm which was bought in 2012 nearby.
The two-storey cottage sits on 22 acres - 8.9 hectares - in Tasmania's Huon Valley.
It was their well-televised tree-change home that they bought in 2008 for $440,000 when they left Sydney.
It was the Gourmet Farmer series one setting as Evans embraced the sustainable life of breeding pigs, chickens and cultivating vegetables.
<div class="cT-imageLandscape">The more commercial, 28-hectare property, Fat Pig farm featured in series three of Gourmet Farmer.</div>
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Puggle Farm had <a href="https://www.domain.com.au/property/for-sale/house/tas/cygnet/?adid=2011860216" title="" style="line-height: 1.3em;">$485,000-plus asking price</a> through TPR Property's Ian Bendall with 70% plus inquiries for 179 Guys Road coming from the mainland.
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<div>“A lot of it is to do with Matthew Evans putting Cygnet and Tasmania on the map," he concluded.</div>
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It sold to a Bondi buyer who hadn't ever watched the SBS series. 
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<div>The property has a number of sheds, stables, barns and workshops with a beautiful "pickers hut" that was marketed as being easily converted into additional accommodation.</div>
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<div>CoreLogic RP Data lists nine sales since January 2014 of six hectare plus acreages with the prices ranging from $85,000 for a 20 hectare farm to $630,000 for an 85 hectare farm.</div>
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Celeb foodie Matthew Evans sells Puggle Farm to Bondi buyer

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The volume of house sales across Tasmania increased by 12.1% over the March quarter, according to the Real Estate Institute of Tasmania (REIT).
In the March quarter, 1,622 Tasmanian houses sold. The result is the highest seen in Tasmania since the March quarter of 2010, when 1,658 houses sold. REIT president Tony Collidge claims the quarterly results show many markets in Tasmania have bottomed out.
The 1,622 houses sold with a median price of $310,000, with prices highest in Hobart's inner ring, which recorded a median price of $548,000.
In West Hobart, the <a href="https://www.realestateview.com.au/Real-Estate/west-hobart/Property-Details-sold-residential-8471530" target="_blank">Federation home</a> pictured below sold for $548,000 in March this year.
<img src="/images/photos/Federation.jpg" alt="" width="569" height="391">
The four bedroom double brick home is on a 600 square metre plot and is located close to various schools and public transport.
Vendors are taking offers over $530,000 for this <a href="https://www.realestateview.com.au/Real-Estate/318-murray-street-north-hobart/Property-Details-buy-residential-3777505">double storey brick home</a>. It has been renovated, and has four bedrooms, with both formal and informal living areas.
<img src="/images/photos/tas.jpg" alt="" width="567" height="359">
Launceston house sale volumes rose by a greater proportion in the quarter, at 15.3%, than in Hobart, where the number of house sales increased by 7%.
Across Tasmania, the median house price was down 1.6% for the quarter, but up 1.6% annually.
Collidge said investor activity had increased over the three months to March, with 261 sales to investors.
"These investor figures are up 2% to 16% of all buyers, with a median house purchase price of $242,000," said Collidge.
"Likewise mainland buyers increased to 17% of all sales, whilst sales to foreign purchasers remained at 1%.
"These figures are indicative of the Melbourne and Sydney markets being near the top of their run, with many mainland investors looking for other destinations to invest, and the positive signs within our property market, good returns, low vacancy rates, and a turnaround in activity have made Tasmania an area worth considering."
The REIT recorded the strongest rates of first home buyer sales in the North West Coast and Launceston. Over the quarter, 19 Tasmanian homes sold for over $1 million.
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Tasmanian house sale volumes reach five year high: REIT

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The median Burnie rental rate of $190 a week is less than half the $455 a week median in Hobart, according to the latest Knight Frank/Residex data on Tasmania.
In Burnie, a renter could expect a house like <a href="https://www.realestate.com.au/property-house-tas-acton-415662996" target="_blank">71 Payne Street in Acton</a> (pictured below), for $230 per week.
<img src="/images/2015/05/01/acton%20may%201.jpg" alt="">
The three bedroom house with one bathroom is located north east of central Burnie. The landlords paid $183,000 for the house in 2011. If it rents at its current advertised rate, it will yield 6.5%.
In Hobart, at the median weekly rental rate of $455, a renter might secure <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-414978087" target="_blank">18 Princes St in Sandy Bay</a> (pictured below). The three bedroom Federation house has floorboards throughout cost landlords $508,000 in 2009, and if they find a renter at its asking rate, it will yield 4.7%.
<img src="/images/2015/05/01/sandy%20bay%20may%201.jpg" alt="">
At Launceston, the median weekly rental rate is $320, the asking rent for this Youngtown house. Located at <a href="https://www.realestate.com.au/property-house-tas-youngtown-415649599" target="_blank">93 Poplar Parade</a> (pictured below), the three bedroom brick home has a flat backyard and a garage.
<img src="/images/2015/05/01/youngtown%20may%201.jpg" alt="">
The landlords paid $255,000 for the investment property in October 2013. It will yield 6.5% if it's rented at its advertised price.
Rents have been gradually increasing across Tasmania since 2006, according to the research.
The priciest rental on the apple isle that Property Observer could find was a <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-409136031" target="_blank">Sandy Bay holiday rental</a> (pictured below), which is available from $1,820 per week in the low season, and $2,450 per week in the high season.
<img src="/images/2015/05/01/sandy%20bay%20may%201%20two.jpg" alt="">
Churchill House, situated in the Sandy Bay hills, has four bedrooms and two bathrooms over two levels, with water views.
Holiday rentals were much dearer than long-term offerings. 
Click charts to open in new window:
<a href="/images/2015/03/23/hobart-mar-23-one.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-one.jpg" alt=""></a>
<a href="/images/2015/03/23/hobart-mar-23-two.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-two.jpg" alt=""></a>
<a href="/images/2015/03/23/hobart-mar-23-three.jpg" target="_blank"><img src="/images/2015/03/23/hobart-mar-23-three.jpg" alt=""></a>
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