Gold Coast developer&nbsp;<a href="https://www.apartments.com.au/developers/big-projects">Big Projects</a> has secured approval for its second Mermaid Beach project.

The developer, currently selling <a href="https://www.apartments.com.au/new-apartments/the-frederick-mermaid-beach-2265-gold-coast-highway-mermaid-beach-qld-4218">The Frederick in Nobby Beach</a>, has secured approval for its next project just 1.5 kilomnetres up the road.

The new development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/glenelg-residences-2462-2472-gold-coast-highway-mermaid-beach-qld-4218">Glenelg Residences</a>, has been designed by BDA Architecture and&nbsp;will have just under 100 apartments across an 11-storey building&nbsp;at 2462–2472 Gold Coast Highway, on the corner of Glenelg Avenue just under 300m from the future Mermaid Beach Light Rail stop.

The apartments, a mix of two- and three-bedrooms, will sit above a retail-focused ground plane and under extensive rooftop resident amenities.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%209.55.04%20am.png?VersionId=z6NV4izeuvhBSSVlY6vK6TPO1LxrFeaG" />

BDA said in its planning submission that the project is intended to support the area’s transition toward higher-density, mixed-use living. “This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of <a href="https://www.apartments.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a>,” the submission noted.

At ground level, Glenelg Residences will include eight retail tenancies designed to activate the street frontage, complemented by a basement bar offering an additional hospitality element. Above, residents will have access to a rooftop amenity deck featuring an infinity pool, hot and cold plunge spas, day beds, and barbecue facilities.

The architectural approach adopts a restrained material palette of brick, textured concrete, and integrated landscaping, with cantilevered concrete frames and cascading planting intended to soften the built form. BDA described the design as aiming to create “a memorable sculptural mid-rise mixed-use building” that responds to both its coastal setting and urban context.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.45%20am.png?VersionId=cpjIVBqcT_sujmo2UMWkVyLcQ7WGJHaQ" />

The approval comes as the City of Gold Coast continues to plan for significant population growth, with regional targets requiring more than 100,000 new high-density dwellings by 2046.

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Big Projects, led by Matthew and John Barrett, is part of a growing cohort of developers that deliver construction in-house, providing a high level of confidence to prospective purchasers.
</section>

[smartcode_project_cta:default project_id=150260]

Joel Robinson

Big Projects secures approval for Glenelg Residences in Mermaid Beach

Sherpa Group is ramping up its investment in the southern Gold Coast by lodging a development application for <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, a new $350 million project in Coolangatta.

The move comes after the group’s $27 million acquisition of the 2,029 sqm site on the corner of Griffith and Warner Street, last year.

They will develop 194 apartments across a 26-storey tower, which will become Sherpa’s largest project to date.

Viveré will be the next chapter in the Flourish story, following closely behind Amargo, Oasis, and the Avenues in Palm Beach, as well as Symphony in Brisbane, all designed to deliver affordable housing in lifestyle-rich locations, giving locals a real chance to secure a residence close to the beachfront.

The HAL Architect-designed project will offer a diverse range of residences, from one-, two, and three- bedroom apartments to the premium Canopy range to luxury penthouses.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c85f5a7e-a22f-4745-8def-400adb3c0b35" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.43%E2%80%AFAM.png?VersionId=OY.chur3BPExn1exQ2q8clHqWnW_CaBi" />

“The Gold Coast is undergoing a period of immense growth, with more people drawn to the incredible 
lifestyle that’s available, leading to strong growth in property prices,” said Christie Leet, founder of Sherpa 
Group.

“Our goal at Sherpa is to ensure locals are not priced out of the market in prime locations, which is why we 
created the Flourish collection.

“Flourish Vivere will form the next chapter in our portfolio, and we are so excited to be lodging the DA, marking our first project in Coolangatta.”

A signature of the Flourish developments is the communal rooftop. Flourish Vivere will showcase a private resident’s lounge, outdoor dining with barbecues and pizza ovens, heated pool, fully-equipped gym, and a wellness centre with sauna and steam room.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c09372cc-aae6-4458-af2e-f291bd19a5e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.49%E2%80%AFAM.png?VersionId=Sc_RLXl5jiff.tnadogXjQJ_WIpDjf3p" />

The project is strategically located to offer a walkable lifestyle, with the Strand shopping centre, cafes, restaurants, shops and the beach, all just a short stroll away.

“We have meticulously planned Vivere to build on the Flourish legacy, creating a truly special project,”&nbsp;Leet added.

“Wellness, lifestyle and community are at the forefront of every decision we make, and that has not 
changed for Vivere.”

With the DA now lodged with the Gold Coast City Council, Sherpa has moved quickly to secure LPS Group as the builder, offering buyers a level of certainty that is rarely seen in today’s market.

Sherpa has delivered 16 residential projects over the past seven years with a pipeline of $1 billion, with more under construction.

Sherpa takes Flourish brand to Coolangatta, lays plans for Flourish Vivere 

S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.

The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m. 
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.

The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.

“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.

“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”

The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.

The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.

“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.

“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.”

The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.

The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.

Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.

“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.

“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.

“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”

S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.

“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.

S&S buys $20m Rainbow Bay site for fifth beachside apartment project

Japandi, an emerging design trend that combines Scandinavian functionality with Japanese rustic minimalism, remains relatively untested in Australia’s residential development market.

As developers look to differentiate their projects and offer something distinct to buyers, Brisbane-based developer Lantona has embraced the hybrid style for its recently launched Toowong apartment project, <a href="https://www.apartments.com.au/new-apartments/koya-residences-6-josling-street-toowong-qld-4066">Koya Residences</a>, with early response to the design proving positive.

Lantona entrusted Red Door Architecture and interiors practice Luma Design Co with delivering the Japandi brief. The approach blends Japanese minimalism with Scandinavian functionality, emphasising warm, restrained interiors, natural materials and clean lines. Drawing on the Japanese concept of wabi-sabi (beauty in imperfection) and the Scandinavian principle of hygge (comfort and cosiness), it creates serene, uncluttered and sustainable living environments.

These design principles are expressed throughout the Josling Street development, both in its exterior form and across the 40 one-, two- and three-bedroom residences within.

[smartcode_project:default project_id=150787 project_image_fid=366229]

Koya reflects a deliberately scaled approach, with the five-storey form designed to align with the surrounding residential streetscape rather than dominate it.

“Koya is conceived as a building that sits comfortably within its surroundings. Every decision, from material selection to spatial planning, has been guided by long-term liveability and enduring relevance,” the developer said.

[smartcode_project:default project_id=150787 project_image_fid=366243]

Positioned within an established inner-west neighbourhood, the development sits near riverfront parklands and the Bicentennial Bikeway, while remaining within walking distance of Toowong Village and multiple public transport options connecting to the CBD, St Lucia and West End.

Lantona said the location was central to the project’s conception, pointing to Toowong’s balance of green space, transport access and proximity to major education institutions.

“<a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> combines river access, walkability, immediate CBD connection and a strong educational presence. That balance made it the obvious setting for Koya.”

[smartcode_project:default project_id=150787 project_image_fid=366230]

Communal amenity is concentrated on the rooftop, where a shared retreat will include a pool, dining areas and outdoor spaces oriented towards neighbourhood and city views. The design allows for both private use and small gatherings, extending the living environment beyond individual apartments.

Koya enters the market at a time when smaller-scale developments are becoming less common in established suburbs, with many recent projects in the suburb shooting for the sky.

In a nod of confidence,&nbsp;<a href="https://www.apartments.com.au/builders/brisbane-builders">Brisbane Builders</a>&nbsp;has already commenced construction on the building, which is slated for completion in early 2027. Keenan &amp; Byrne is marketing Koya.

[smartcode_project_cta:default project_id=150787]

Japandi-inspired Koya Residences launch in Toowong

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A completed Castle Hill apartment development is returning to market with an uncommon level of financial backing, positioning it as one of the more secure options for buyers in Sydney’s north-west.

Skyview in Castle Hill, originally developed by Top Place and now overseen by capital partner <a href="https://www.apartments.com.au/developers/equitifund-group">Equitifund</a>, is being relaunched following a full remediation process. Central to its repositioning is a substantial financial reserve designed to provide ongoing protection and reduce uncertainty for incoming purchasers.

At the core of this offering is an $11 million bond secured during the project’s remediation phase, negotiated by former NSW Building Commissioner David Chandler. With less than $4 million required to complete the works, approximately $7.2 million remains in reserve, with around 15 years left on the term.

[smartcode_project:default project_id=147685 project_image_fid=359134]

Rather than a typical insurance-backed structure, the remaining funds are held as cash, creating a readily accessible financial buffer should any future building issues arise. The structure is intended to provide buyers with an added layer of certainty, differentiating the development from more conventional apartment offerings.

Equitifund Executive Chairman Greg Huxley said the structure provides a level of security not typically seen in apartment developments.

“The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers,” Huxley said.

“Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind.”

[smartcode_project:default project_id=147685 project_image_fid=359135]

The remediation process has now been completed in full, with no active rectification orders or outstanding directives linked to the project on NSW Government registers. This outcome reflects the broader tightening of building oversight across the state, while also highlighting the project’s transition into a completed, compliant asset.

In a market where many buyers remain cautious about apartment quality, initiatives like this are designed to restore confidence, giving purchasers greater certainty and a stronger sense of security in their investment.

Equitifund has since acquired the remaining apartments and is managing their reintroduction to the market. With the works finalised and a significant financial reserve in place, the project now presents with a markedly different risk profile compared to its initial release.

[smartcode_project:default project_id=147685 project_image_fid=359137]

Beyond the added security, the development is positioned in one of Castle Hill’s more established pockets. The Gay Street address places it within close proximity to Castle Towers, one of the country’s largest retail centres, as well as Castle Hill Metro Station, which now connects directly to the broader Sydney Metro network.

Equitifund National Sales Director Ben Hamblett said buyer demand in the area continues to be driven by access to transport and amenity.

“Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre,” Hamblett said.

“There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living.”

[smartcode_project:default project_id=147685 project_image_fid=359145]

The apartments also enter the market at a relatively accessible price point for the area, with two-bedroom configurations starting from $995,000 and rental demand for similar stock reaching around $900 per week. This combination of pricing, connectivity, and completed status is expected to appeal to both owner-occupiers and investors seeking lower-risk entry into the Hills District apartment market.

For eligible buyers, a limited 3.50 per cent p.a. two-year fixed interest rate is currently available through Equitifund’s lending partners, providing an additional layer of affordability.

EquitiCredit Pty Ltd ACN 676 363 769 holds ACL 559289 and provides credit assistance. Finance is arranged through EquitiCredit and funded by its lending partners. Interest rates are subject to change and eligibility criteria apply. Terms, conditions, fees and charges may apply. This is not financial advice and should not be relied upon as such. Prospective buyers should seek independent financial advice.

[smartcode_project_cta:default project_id=147685]
</section>

Castle Hill apartments offering unmatched buyer protection through dedicated fund

Unit Prices

<html><body>
According to Domain's House Price Report for the June quarter prices on units fell across Australia with houses seeing similar results.
They found, all major capital cities saw unit prices fall across the June quarter; only Adelaide, Canberra and Hobart saw an increase in house prices during this period.
Price falls to date have been minimal from the pre-coronavirus March quarter to June. 
Significant government stimulus, mortgage holidays and low interest rates have supported home values, and kept distressed and urgent selling low. 
With lenders extending mortgage pauses for those under serious financial strain, and the JobKeeper subsidy being extended, the outlook for prices largely depends upon how well the economy is tracking when fiscal stimulus ends.
<a href="https://mcusercontent.com/b16c0b957ea98f662ab985606/images/75efec9e-c7f3-4327-93bf-b0973ef61244.png" target="_blank">Click to enlarge</a>:
<img src="https://mcusercontent.com/b16c0b957ea98f662ab985606/images/75efec9e-c7f3-4327-93bf-b0973ef61244.png" width="980" height="583" data-imagetype="External">
<a href="https://mcusercontent.com/b16c0b957ea98f662ab985606/images/1d2bf323-8e75-4224-92bd-83dd94605fea.png" target="_blank">Click to enlarge</a>:
<img src="https://mcusercontent.com/b16c0b957ea98f662ab985606/images/1d2bf323-8e75-4224-92bd-83dd94605fea.png" data-imagetype="External">
“Nationally house prices have dropped by 2 per cent and unit prices by 2.2 per cent over the June quarter."
"This is the first quarter to show the impact of COVID-19, reversing upward price swings in Sydney and Melbourne."
"While most capital cities declined, the falls have been minimal to-date as unprecedented government stimulus, mortgage holidays, low stock levels and record low interest rates shield values from any significant declines, helping to retain stability in the housing market,” said Domain Senior Research Analyst, Dr Nicola Powell.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Unit prices fall nationally with houses hit slightly less: Domain

<html><body>
Throughout 2019, Melbourne's house price have almost recovered what was lost during the slump, according to the latest quarterly report from Domain.
Houses have seen a 5% increase in value with median prices reaching $901,951. Units have seen even stronger growth of 5.6% with median values hovering around $549,701.
Though the year sprung off with deteriorating prices, the rest of 2019 saw growth, with the the final quarter providing the strongest quarterly gain in three years and the largest annual jump in two years.
With just under $6,800 left to regain, it appears that house prices are set for a new record high next quarter. 
However, this recovery remains uneven across the Melbourne as there are substantial price rises concentrated at the upper-end, led by the city, the inner east and inner south. 
Units in Melbourne continue to outperform houses as unit prices produced the strongest quarterly growth since mid-2009, and the biggest annual surge since mid-2010.
Unit prices are currently at a new record high that is 7.5 per cent higher than the previous peak in early 2018. 
Melbourne and Hobart units were the only cities to record a new high. Meanwhile, other cities remain below previous peaks in unit prices. 
Melbourne is the second most unaffordable city for units, with its price being higher than the median house prices in Adelaide, Perth, Darwin and Hobart. 
</body></html>

Melbourne's property prices look set for a new record high: Domain

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Rushcutters Bay has witnessed the biggest unit price growth across Sydney, according to Domain Group data.
It suggests the suburb's median house price has increased 23.7%, with a median price of $804,000.
Some of the suburbs that saw the greatest declines in house prices saw some of the strongest price growth in units over the year. 
Units in Petersham recorded a 16.6% growth year-on-year, raising the median price to $780,000.
Domain Group data scientist Dr Nicola Powell said a price correction in some suburbs was part of the property cycle "and is not necessarily a bad thing”, she said.
<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/2018/8/1/domain%20unit%20.jpg" alt="">
Source: Domain
A Rushcutters Bay one bedroom apartment was sold for $943,000 in March (pictured below).
Set within a 1920s security building, <a href="https://www.realestate.com.au/sold/property-apartment-nsw-rushcutters+bay-127952298" target="_blank">14/46 Roslyn Gardens</a> comes with bedroom with built-in, updated seperate kitchen, generous living, and updated bathroom.
Other features include polished timber floors, high ceilings and common laundry.
It is close to cafes and eateries, and with easy access to the CBD and local transport. 
 <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/2018/8/1/rushcutters%20bay%202.jpg" alt="">
Another sale was a Bayswater Road one bedroom apartment which was sold off market at $1.15 million. 
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-rushcutters+bay-128454942" target="_blank">The 204/72-78 Bayswater Road</a> apartment features the double bedroom, open plan living and dining, integrated stainless steel gas kitchen and undercover parking.
Located in a landmark building completed in 2001, the apartment is 600 metres from Kings Cross station.
<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/2018/8/1/rushcutter%20bay%203.jpg" alt="">
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Rushcutters Bay records Sydney's strongest annual unit price growth: Domain

<html><body>
Moe, a suburb in Latrobe Valley in the Gippsland region of Victoria, ranks among the cheapest locations in Australia, according to Investar.
Investar suggests the suburb's median unit price sits on $60,000.
It is followed by Queensland's Woree and Tasmania locality, Queenstown.
<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/2018/4/3/CHEAPEST%20MOE.jpg" alt="">
A Moe single bedroom unit current on the market is priced at $60,000 (pictured top).
Located in the centre of the town, the<a href="https://www.realestate.com.au/property-unit-vic-moe-124324898" target="_blank"> 45/48 Haigh Street unit </a>comes with one bedroom, laminate kitchen with electric cooking, and combined bathroom and laundry.
It is marketed as being close to schools, shops and transports. 
Another two bedroom unit has been recently sold for $118,500 by Graeme Yalden from Stockdale &amp; Leggo Moe (pictured below).
Located within an easy walking distance from town centre,<a href="https://www.realestate.com.au/sold/property-unit-vic-moe-127191086" target="_blank"> the 4/25 May Street</a> home comes two bedrooms, one bathroom and one parking space.
Additional features include quality blinds, drapes and floor coverings, and R/C split system.
<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/2018/4/3/425%20may%20st.jpg" alt="">
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Moe, Victoria offers Australia's cheapest units

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The median unit price in Brisbane dropped 5.5 percent over the June quarter to $375,000.
Annually, unit prices are down 4.9 percent, the latest Domain State of the Market Report calculates.
Domain Group chief economist Andrew Wilson not at 3.1 percent annual house price growth is still positive, but this is the slowest growth rate recorded since 2013. 
The drop of 5.5 per cent is the steepest fall in unit prices since the December 2000 quarter - and is predicted to continue as supply continues to outweigh demand.
In the Greater Brisbane area, which includes the local government areas of Moreton Bay, Ipswich, Redland City and Logan, house prices fell 0.1 per cent
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Region
</td>
<td valign="top" width="106">
Median price
</td>
<td valign="top" width="106">
Quarter change
</td>
<td valign="top" width="106">
Year change
</td>
</tr>
<tr>
<td valign="top" width="106">
Brisbane (C)
</td>
<td valign="top" width="106">
$657,500
</td>
<td valign="top" width="106">
4.4%
</td>
<td valign="top" width="106">
1.2%
</td>
</tr>
<tr>
<td valign="top" width="106">
Ipswich (C)
</td>
<td valign="top" width="106">
$371,000
</td>
<td valign="top" width="106">
6.3%
</td>
<td valign="top" width="106">
-2.1%
</td>
</tr>
<tr>
<td valign="top" width="106">
Logan (C)
</td>
<td valign="top" width="106">
$400,000
</td>
<td valign="top" width="106">
0%
</td>
<td valign="top" width="106">
0%
</td>
</tr>
<tr>
<td valign="top" width="106">
Moreton Bay (C)
</td>
<td valign="top" width="106">
$445,000
</td>
<td valign="top" width="106">
1.4%
</td>
<td valign="top" width="106">
-1.1%
</td>
</tr>
<tr>
<td valign="top" width="106">
Redland (C)
</td>
<td valign="top" width="106">
$520,000
</td>
<td valign="top" width="106">
0%
</td>
<td valign="top" width="106">
-0.4%
</td>
</tr>
</tbody></table>
House prices in Ipswich, Moreton Bay and Redland City have all recorded drops, while Logan’s house prices are flat.
Brisbane as a city has performed slightly better, recording a 1.2 per cent rise in house prices. The median is now $657,500.
CoreLogic is not tracking the same decline.
Brisbane has the third highest 12 month home value growth among the capitals, according to CoreLogic’s latest report.
The property data firm says that in the past 12 months Brisbane’s home value has risen by 4%
The property data firm says that a rise in house values compensates a fall in unit values takes Brisbane’s annual growth rate into 2% in the June quarter.
Melbourne and Sydney take the top two spots with a home value growth of 16% and 13% respectively.
<a href="https://www.propertyobserver.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%2012.12.17%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/17/Screen%20Shot%202017-07-17%20at%2012.12.17%20pm.jpg" alt="">
 
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Brisbane unit prices in serious price decline: Domain

<html><body>
Apartments in Dubbo, the NSW Central Coast, Melbourne and the Gold Coast are at the peak of the market cycle according to analyst firm Herron Todd White's property clock for units in September.
Apartments in Melbourne, the Gold Coast, Newcastle and the NSW Central Coast were at the peak of the market cycle in August.
<a href="/images/2016/09/16/Screen%20Shot%202016-09-16%20at%201.42.59%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/16/Screen%20Shot%202016-09-16%20at%201.42.59%20PM.png" alt="">
According to HTW, recently completed medium density 18 unit town house developments (Saratoga) are proving successful.
"The second release of 55 units is now under construction," HTW said.
"These new 3- and 4-bedroom townhouses are priced from $435,000 creating an affordable and attractive proposition for prospective purchasers."
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The central Gold Coast, according to HTW, is where long term investors are attracted to walk up units along the beachside with low body corporate fees.
"These unit rents have increased recently by circa 7 percent making the unit investment appealing," HTW said.
"Some of these units have also had the potential to be bought out by developers.
"We have seen this in Broadbeach and Surfers Paradise for large parent parcels with a small number of units.
"The walk up units should maintain their steady rental returns with a rental shortage in the Gold Coast central market."
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jonathanchancellor-7SQnKwU6yx

Apartments in Dubbo, the NSW Central Coast, Melbourne and Gold Coast at peak of the market: HTW

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According to the latest Investar Suburb Reports, New South Wales suburb Merimbula is the cheapest suburb for studio or one bedroom units in Australia.
Merimbula's median listing price for these types of apartments is $45,000.
Nine of the top 50 cheapest property suburbs are for studios and one bedroom apartments, with six of the nine coming from Queensland
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<div class="page" title="Page 1">1. Merimbula NSW - Median listing price: $45,000</div>
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<div class="page" title="Page 1">2. York, WA - Median listing price: $50,000</div>
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<div class="page" title="Page 1">3. Dolphin Heads, QLD - Median listing price: $74,000</div>
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<div class="page" title="Page 1">4. Bundamba, QLD - Median listing price: $76,000</div>
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<div class="page" title="Page 1">5. Eagleby, QLD - Median listing price: $89,500.</div>
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<div class="page" title="Page 1">{mijopolls 137}</div>
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Unit investment poll: Which is the smartest investment?

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The valuation firm Herron Todd White has issued its latest property clock for the residential market - a simple broad brush means to suggest where property markets are in April - and what direction prices are moving in.
The regional Victoria city of Horsham joins Melbourne -- also in Victoria -- at the top of the April property clock for units. Horsham is at the peak for the houses clock too. The others (including Melbourne) Coffs Harbour, Dubbo and Newcastle all retain their positions from March, making the peak of market a contest between between Victoria and New South Wales.
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While Sydney unit were listed in declined, the report noted that in the Sydney southern suburb of Engadine that unit media prices have risen from $415,000 in December 2012 to $617,500 in February 2016, according to realestate.com.au.
The Gold Coast and Ipswich in Queensland are approaching the peak of the market, while Brisbane and Sydney continue to remain in decline.
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<div>Previously HTW had advised a cooling off in the Sydney property market was looking increasing unlikely, at least in the short term.</div>
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<div>"The future over the medium to long term however remains uncertain.</div>
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<div>"One worrying fact is that rental growth has not increased at a level even close to the growth of Sydney property prices.</div>
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<div>"This suggests that the involvement of investors appear to be speculative with many banking on capital gains rather than attractive rental yields.</div>
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<div>"It appears that this increased investor activity (speculative based or otherwise) is driving housing prices to rise faster than fundamental factors suggest they should in the Sydney market.</div>
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<div>"Factors including the aforementioned falling interest rates, continued strong presence of overseas buyers (fuelled by the falling Australian dollar), tax incentives and positive market sentiment, has seen unaffordability levels continue to soar in the Sydney market with home ownership becoming more unattainable for many, especially young people looking to break into the market." </div>
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<div>The report on regional localities noted Port Macquarie’s growth over the past twelve months has been the strongest on the Mid North Coast during the past five years and while the fringe suburbs have shown increases in value over that time, their rate of increase has been behind that of established residential areas within the township.</div>
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prateek24-ezbwHMbNAk

Victoria and NSW jostle at peak of market for units: HTW clock

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The great Sydney house price boom has ended, Domain senior economist Dr Andrew Wilson says after house price growth tracked back sharply over the September quarter. 
Sydney recorded a median house price of $1,032,433, up 3.2% over the quarter — the lowest quarterly rate of growth reported since March 2014. Sydney’s unit prices increased by 1.5% over the September quarter to $673,182 – an annual rise of 15.1%. Its rate of growth this quarter was also down significantly when compared to the record 7.4% reported over the June quarter. “The extraordinary house price growth Sydney has recorded over the last three years is now clearly receding, although price growth remains relatively strong and well ahead of all other capitals except Melbourne. Sydney’s house prices have increased by a remarkable 21.7% over the year ending September,” Dr Andrew Wilson said.
“Nothing will slow a market more than higher interest rates and the enthusiasm of a bullish market has now started to wane,” he told Domain.
The Melbourne median house price increased by 2.8% over the September quarter – exceeding $700,000 for the first time. With a median house price of $707,415, Melbourne is clearly the second highest capital city housing market, still well behind Sydney but ahead of the next placed Darwin.  While a strong result, Melbourne house price growth over the September quarter was well below the 6.0 % recorded in the previous June quarter. Melbourne unit prices increased by 1.9 % over the September quarter to $435,674 with annual prices rising by 2.4%. 
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<img src="/images/2015/10/22/Screen%20Shot%202015-10-22%20at%207.56.34%20AM.png" alt=""> “Despite the retreat in the rate of house price growth over the September quarter, Melbourne’s median house price increased by 15.6% over the year which was the highest annual result recorded since June 2010,” Dr Andrew Wilson said. 
The Brisbane housing market reported another modest result for house price growth over the September quarter. Its median house price increased by just 0.8% to $497,143 with annual prices up by 3.6%. With the market remaining largely subdued, it is likely that Brisbane house price growth this year will be well below the 6.5% recorded over 2014. Brisbane unit prices fell by 0.6%over the September quarter to $362,737, a drop year-on-year of 5.6%. 
“This was the fifth consecutive quarter of falling unit prices in Brisbane. With high levels of new apartment construction entering the market over the past year, supply has pushed well ahead of demand.” 
The Adelaide housing market reported a relatively flat result over the September quarter, with the median house price increasing by just 0.3% to $485,873. This modest result follows two strong quarters of growth with the annual house price still up by 5.1%.  Adelaide unit prices also increased slightly, up by just 0.6% over the September quarter to $293,711. 
“Despite a subdued September quarter of growth, Adelaide’s house prices are still likely to increase at a faster rate this year than the 3.3%recorded over 2014. Year-on-year unit prices have fallen by 1.7%, suggesting that the strong supply of inner city units is moving the market ahead of demand.”
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The Perth housing market continued to decline over the September quarter, recording its sharpest fall in house prices since June 2011. The median house price in Perth fell by 2.4% to $589,100 and is now below $600,000 for the first time since the September quarter 2013. 
Perth unit prices also fell sharply over the September quarter down by 3.7% to $390,916 for an annual decline of 2.8%.
“Perth house prices have now fallen by 3.2% over the past year with only Darwin recording a lower rate of annual house price growth. The sharp deterioration in the local economy and significant increases in jobless numbers has affected buyer and seller confidence. This continues to impact Perth housing market activity,” Dr Wilson said. 
Hobart’s house prices increased marginally over the September quarter, up by 0.9% to $346,370.  Rebounding strongly, Hobart’s unit prices performed well over the quarter increasing by 8.5% following a 4.5% fall over the previous June quarter. 
The Hobart median unit price is at $269,302 – an increase of 6.1% over the past year.  “Despite the modest increase in house prices over the quarter, strong growth earlier in the year has Hobart’s house prices up by 6.5% year-on-year and are on track to increase over 2015 at a significantly higher rate than the 1.3% recorded last year,” Dr Wilson said. 
The Canberra median house price increased by 2.3% over the quarter to reach $625,092. House prices have now increased by 7.8% over the past year, representing a rate of growth behind only Sydney and Melbourne of all the Australian capitals. 
Canberra’s median unit price fell by 4.7% over the September quarter to $385,825 to be below $400,000 for the first time since the December quarter 2009. Annual unit prices in Canberra are now down by 5.7%.
“Canberra’s annual house price growth rate is the highest recorded by the local market since September 2010 with prices growth this year set to clearly exceed the 3.1% recorded over 2014. The strong result recorded by the Canberra housing market over the September quarter is reflective of rising buyer confidence, which has been restored after a subdued period of buyer activity.
“While house prices have grown strongly in Canberra this year, unit prices continue to decline. This suggests the high levels of new apartment construction over recent years have moved supply ahead of demand,” Dr Wilson said. 
Darwin’s house prices decreased by 2.3% over the September quarter to $639,042 following strong growth of 3.6% recorded over the June quarter.  Darwin unit prices were also down sharply over the September quarter falling by 6.1% to $408,904 – an annual decrease of 6.9%.  “The Darwin median house price has fallen by 5.1% over the past year, which reflects reduced demand from interstate job seekers and an associated weakening of local economic activity.
 “Recent high levels of new apartment construction in Darwin area are a significant factor in weaker unit market performance,” Dr Andrew Wilson said. 
 
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