A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Joel Robinson

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

A new State Significant Development application has been lodged over land at <a href="https://www.apartments.com.au/new-apartments/33-43-marion-street-parramatta-nsw-2150">33–43 Marion Street</a>, Parramatta, proposing a high-rise mixed-use tower that leverages planning incentives to deliver a substantial pipeline of new housing, including a dedicated affordable component.

The scheme, currently on exhibition, combines a shop-top housing development with a concurrent rezoning, positioning the site for a significant uplift in density within Parramatta’s evolving southern CBD fringe.

The proposal, designed by <a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a> for CN Marion, would replace the existing buildings with a 37-storey mixed-use tower, delivering 296 apartments above a retail podium with six basement levels on the 2,376 sqm site.

The residential mix comprises 58 one-bedroom, 207 two-bedroom, and 31 three-bedroom apartments, with communal facilities located on the second level and the rooftop. Ground-level activation is driven by retail and food and beverage tenancies, alongside a publicly accessible through-site link designed to improve pedestrian permeability.

The project includes 194 car spaces, five motorcycle spaces, and 348 bicycle spaces, reflecting a transit-oriented approach in a location directly adjacent to the rail corridor and within walking distance of Harris Park Station.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="3db873ea-62f0-437b-8a6a-eeda154d2dee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20building.png?VersionId=YwzBv8OVHwyRnMLGX4slU7QyhTyMZeOX" />

The design adopts a podium-and-tower composition, with a three-storey street wall addressing Marion Street and a reduced two-storey interface responding to adjoining heritage cottages.

A key component of the proposal is the integration of affordable housing under the NSW Government’s in-fill affordable housing pathway, with units to be retained for a minimum of 15 years. This is paired with a broader public domain strategy that emphasises permeability, deep soil planting, and a landscaped through-site link.

“The strategy prioritises a permeable, well-activated public realm and supports a compact tower form to minimise the building’s footprint while enhancing the quality of the ground-level experience,” the design report states.

The proposal includes a central landscaped courtyard, rooftop communal areas, and planting strategies aligned with local environmental conditions and cultural narratives.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="f0e6c165-9967-4d20-9216-e5b8357c85ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20site.png?VersionId=SRod222LwgDmGZJmJY0wTbK39UrWZLSD" />

The site occupies a prominent corner of Marion and Station streets, roughly 100 metres from Harris Park Station, within a precinct earmarked for significant intensification. While the immediate context is characterised by low- to mid-rise buildings and heritage dwellings, planning controls and recent proposals point to a transition toward high-density development.

<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:c78224e4-1dd1-48ac-afda-97fe23bac47e-0" dir="auto">
Parramatta has been starved of new apartment supply in recent years. Builder-developers Deicorp and Coronation are the only two currently progressing projects in the suburb. Coronation is nearing completion of <a href="https://www.apartments.com.au/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 Phillip Street</a>, which will be the tallest building in Western Sydney once finished, while Deicorp is delivering <a href="https://www.apartments.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a>, a development comprising over 600 apartments.
</section>

First Look: Plans lodged for 37-storey mixed-use tower in Parramatta

A substantial uplift in height and density is being tested in Lane Cove, with a 225-apartment scheme at 300 Burns Bay Road now on public exhibition as a State Significant Development alongside a concurrent rezoning.

The proposal by <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> would see the demolition of an existing commercial building and associated structures, replaced by a residential development ranging from seven to 15 storeys.&nbsp;

The scheme delivers 225 apartments, including 34 designated as affordable housing, positioning it within the NSW Government’s accelerated Housing Delivery Authority pathway.

The development is arranged as three interconnected residential flat buildings, a response to the site’s long, narrow configuration and sloping topography.&nbsp;

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="c325d40c-ead5-45f4-9d77-5a446b23acc0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20Cove%20pers.png?VersionId=hsCJxT5hj.5kzA6AMInyan1x8mcHeRez" />

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, the project’s designer, describe a built form that is “divided into three sections, each connected by intermediate infill slots which are recessed to establish greater setbacks and further articulate the development.”

Across the scheme, apartments are supported by communal amenity at ground and rooftop levels, including landscaped open space and a rooftop pool. Basement and lower ground levels accommodate parking, storage, and building services, while a new public park is proposed along the eastern edge of the site, replacing part of the existing built form.

The architectural response has been shaped by the site’s pronounced fall towards the Lane Cove River, with building heights stepping down from west to east to reduce visual bulk and respond to adjoining bushland.&nbsp;

The design report notes that “the development has been carefully designed to integrate with the existing topography with the placement of massing and floor levels adjusted respecting the site’s inherent characteristics.”

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="31cc13a5-bc8b-4dc3-b9b1-07c6ec33a82b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20cove%20site.png?VersionId=NiyH3LimQwiHsE6Q7I5g4Grpr5fRdZaX" />

The project is being advanced through a concurrent rezoning process, seeking to increase the permissible height and floor space ratio beyond current Lane Cove LEP controls of 21 metres. Under the proposal, height would reach up to 54.5 metres, reflecting a shift toward higher-density outcomes in well-located urban areas.

Located on a 7,595 sqm site, the development sits within an established high-density residential pocket characterised by mid-rise apartment buildings set within a bushland setting. The site is within close proximity to Burns Bay Reserve, the Lane Cove River, and an extensive network of open space, reinforcing its strategic positioning for increased housing supply.

Level 33 is doing through the Housing Delivery Authority to try and get its Homebush project of <a href="https://www.apartments.com.au/news/nsw/level-33-adds-to-2-000-unit-pipeline-with-new-two-tower-homebush-plans">more than 300 apartments approved</a>.

The developer has over 2,000 apartments in the pipeline, predominantly in Wollongong.

First look: Level 33 proposes 225-apartment Lane Cove tower

Following the completion of its debut Palm Beach apartment development EVA on Tenth, local Gold Coast developer Chippendale Group has launched its latest project in the in demand area.

Chippendale Group, led by fifth-generation Palm Beach local Daniel Chippendale, has kicked off sales at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221&amp;source=gmail&amp;ust=1775884443343000&amp;usg=AOvVaw2GyxnGQKU2XXwTzQ8_VHgi" href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221" target="_blank">ELISE</a>, 68 coastal-infused apartments just 40 metres from the sand on Twenty Fifth Avenue.

[smartcode_project:default project_id=150992 project_image_fid=366023]

Construction is already well underway, a signal of confidence to buyers, following the demolition of the two-storey walk-up and 1990s built house that sat on two sites that have been amalgamated to create a prime corner block.

There are a mix of two- and three-bedroom apartments on offer, starting from $1.4 million.

[smartcode_project:default project_id=150992 project_image_fid=366024]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Elise responds to its coastal setting through a horizontal architectural form with recessed glazing and layered landscaping. The design aims to balance light, shade and sea breezes while creating a defined presence along the streetscape.&nbsp;

Residences have been planned with an emphasis on outdoor living suited to the Gold Coast climate, including large balconies designed as usable outdoor rooms. Interiors will feature a selection of European appliances and natural materials, including New Zealand wool carpets.&nbsp;

[smartcode_project:default project_id=150992 project_image_fid=366033]

Resident amenities are centred around a wellness-focused ground-level precinct. There will be private access to a heated swimming pool, sauna, cold plunge and gym, alongside a residents’ lounge with dining and entertaining space.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a> is located towards the northern end of Palm Beach, which puts it just a short walk to Tallebudgera and Currumbin Creeks. At the end of the street is the newly extended Oceanway, a 36-kilometre pathway that runs up and down the Gold Coast.

Chippendale is targeting a late 2027 completion date for <a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a>.

[smartcode_project_cta:default project_id=150992]

Chippendale Group launches Elise, 40 metres from the Palm Beach sand

Sydney developer <a href="https://www.apartments.com.au/new-apartments/31-41-o-hara-street-marrickville-nsw-2204">Third.i</a>&nbsp;has announced a new transport-oriented development in one of Sydney Inner West’s most sought-after metropolitan locations, delivering much needed housing within steps of world-class public transport and vibrant village life.

Located at&nbsp;31-41 O’Hara St,&nbsp;Marrickville, the proposed mixed-use development will include around 300 apartments, with up to 17 per cent dedicated to affordable housing, reinforcing Third.i’s commitment to creating inclusive, well-connected communities that support a diverse mix of residents who keep Sydney’s neighbourhoods thriving.

Located just 100 metres from the new Metro station, the development places residents within minutes of the CBD while offering seamless access to the Inner West’s cafés, retail, and local services. Anchored within a thriving local centre, the project supports everyday living without reliance on cars, while also delivering new public open space for the local community, including a new park and landscaped green areas, alongside high-quality private resident amenities.

Florian Caillon, Head of Acquisitions for Third.i Group, said the project builds on the company’s ongoing work alongside the NSW Government to deliver housing and amenity alongside major transport infrastructure. Amenity includes an activated pedestrianise retail strip that connects Illawarra Road down to the pocket park, and health and wellness facilities.&nbsp;

“Delivering housing of this scale within an established village is a rare opportunity, and few companies have achieved residential outcomes of this size at a village centre," Caillon said.

"We are excited to set a new standard for urban living in the heart of Marrickville,” he said.&nbsp;

The inclusion of affordable housing has been welcomed by frontline workers.

“We are supportive of developments which will allow essential workers like nurses, midwives and carers, the opportunity to live in the communities they care for," said&nbsp;Michael Whaites, General Secretary of the NSW Nurses and Midwives’ Association..

“Many healthcare workers tell us they would like to live closer to where they work, but are being priced out of the market, forcing them to move further away.&nbsp;

“Dedicated apartments for essential workers will support recruitment and retention in local hospitals and aged care facilities, helping to strengthen our health system.”

The project has been declared State Significant Development (SSD) by the Housing Delivery Authority (HDA).

Third.i to deliver 300 apartments in Marrickville TOD precinct

Units

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Historically Sydney embraced apartment living relatively early, in many inner suburbs there are examples of apartment buildings dating back to the 1930’s. Sydney’s appetite for apartment living has increased steadily ever since and this has resulted in a diverse stock of medium and high-density apartments to a greater extent than Melbourne.
Sydney has also alone successfully grown an urban landscape to become a ‘city of cities’ while the City of Sydney has long promoted the idea of a ‘city of villages’.
The evolution in high-density living and the continued growth of our varied urban centres has combined to help produced a rich and increasingly diverse apartment market. With each area offering interesting, diverse and appealing communities and neighbourhoods, as a result new apartment projects have also evolved in design and size to fit these different ‘cities’ and ‘villages’.
It’s a pattern of development that in Australia is unique to Sydney, much more so than Melbourne and with apartment living only going to increase, this extent of diversity appeals to many developers and buyers. It enables varied cultural outcomes to evolve and so makes each area more engaging and exciting.
One result is that we see architectural variety clearly responding to the different geographic and cultural markets that have developed. This also adds character to the city and creates different neighbourhoods that appeal to buyers.
City of Cities
Unlike Sydney, no other Australian city has developed the number of major high-density satellite centres such as Parramatta, Auburn, Bankstown, Bondi Junction, North Sydney and Chatswood.
This pattern of development is not surprising given the growing proportion of people living in high density housing. In 2001 one in seven (15.7%) of Sydney dwellings were classified as high density, by 2011 that had increased to 20.7%, today the figure is close to 30% and growing.
The highest proportions are located in the City of Sydney (70.2%) with the CBD (94.3%), and then followed by North Sydney (60.8%), Waverley (49%) and Woollahra (46.4%).
The appeal of these ‘satellite centres’ locations is somewhat surprising, as Parramatta, Bankstown and Auburn are all located some 20kms from the CBD, while Chatswood and Bondi Junction are within 10kms, which is often seen as the limits of the definition of inner-city.
However Parramatta is a great example so much so that recently a $2 billion proposal to rejuvenate its commercial hub was announced. And like Chatswood a strong high density residential market will be a key part of future plans.
City of Villages
In the 1950’s the idea of a CBD, as a district devoted to business did result in some areas becoming somewhat isolated from the wider community, and this historically residential development. Now that thinking has been reversed. Today the City of Sydney (along with most other cities) is one of the most dynamic high-density residential markets.
Taking on the idea of a series of villages, in part reflects international trends, but it’s a very positive way to help encourage and sustain residential areas and individual developments with wide appeal.
The City of Sydney has identified 10 villages, and these include the CBD and Harbour, Chinatown/CBD South, Green Square/City South, King &amp; Harris Streets, Oxford Street and Redfern Street.
With the village plan actively promoted, when we think of marketing and development goals we can see from various consultations how residents would like to see the area’s villages evolve.
What is interesting and perhaps not that surprising is that many of the key points residents look to encourage would be an exact check list for any successful development to address, including;
<ul>
<li>developing a sense of community</li>
<li>improving public transport (plus encouraging bike riding and walking)</li>
<li>supporting local services and businesses</li>
<li>solving parking problems</li>
<li>‘greening’ streets and neighbourhoods</li>
<li>promoting safe and clean public places.</li>
</ul>
For residents the idea of a City of Villages is appealing, however to meet the needs of a modern economy the long-term planning for any city needs to accommodate commercial growth and all of the associated services. Today we also see that a mix of development, including a range of residential projects clearly helps to enhance and create a more vibrant city.
As Sydney continues to grow as a ‘City of Cities’ we will continue to see further urban consolidation, much of which is based around transport connections. People and planners are attracted to existing suburbs and so the idea of a ‘City of Villages’ also makes sense, the idea allows for sensitive development while retaining local character.
Sydney’s supply of land, in particular land with reasonable access to services and employment is very limited and so both these trends are set to continue, and I think make a positive contribution to our urban environment.
Peter Chittenden is managing director for residential of Colliers International. He can be contacted <a href="https://www.projectagenda.com.au/" target="_blank">here</a>.
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pchittenden-eLqUUC8TWW

City of cities, city of villages: Peter Chittenden

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Unit rents in Sydney and Melbourne continue to fall reflecting continued high vacancy rates notably in inner city and CBD markets that are under pressure from sharply reduced demand and surging supply particularly from previous holiday accommodation now converting to the permanent market. Conversely house rents are on the rise Indicating perhaps Increased demand for larger, outer suburban homes.

Sydney average asking rents for units fell by 2.3% over November but rents for houses Increased sharply by 2.5%. Perth rents continue to rise for both houses and units. Capital city rental markets continue to report diverging results with significantly lower and falling vacancy rates for houses offset by higher rates for units. This reflects sharply falling demand and increased supply of units - particularly in inner-city Sydney and CBD Melbourne.

HOUSE AND UNIT RENTAL VACANCY RATES 

Reflecting rent declines In the unit market, vacancy rates continue to Increase In Melbourne and Sydney - remaining at record levels. Vacancy rates for houses are significantly lower in all capitals by comparison with units and likely to continue to place upward pressure on rents.

HOME LOANS 

ABS home lending data reported another Increase over October with owner-occupier loans continuing at unprecedented levels. Total residential lending increased by 1.1% over October and has risen by 16.8% over the first 10 months of this year compared to the same period In 2019. All buyer types reported increases over October however, remarkably, lending for first home buyers now exceeds that reported for Investors. All states, with the exception of Victoria reported Increases In the total value of housing loans approved over October. Similarly, only Victoria failed to record an Increases In first home buyer lending over October, falling by 5.9%.

Although lending for first home buyers has surged this year driven by numerous state and federal government Incentive policies, levels remain well below those recorded during the post GFC revival period In 2009-10. Lending for new home building continues to be a significant contributor to the recent surge In home lending reflecting In particular the Impact of the recently extended federal government HomeBuilder policy.  Victoria continues to clearly record the highest number of loans for home building followed by QLD and WA.

HOME BUILDING 

The surge In lending for home building Is also been reflected In rising house building activity over recent months. Latest ABS building approvals for October were however lower in Sydney and Melbourne over the month but significantly higher In Brisbane and sharply higher In Perth.  Despite recent rises In home building approvals, underling levels, particularly for units, remain well below previous peak levels.
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Unit rents in Sydney and Melbourne continue to fall reflecting continued high vacancy rates notably in inner city and CBD markets, according to Archistar's Chief Economist Andrew Wilson.

urban.com.au

Unit rents continue to fall across Melbourne and Sydney

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The housing markets in Melbourne and Sydney are on a downward trend, according to the valuation firm Herron Todd White.
The last few months Herron Todd White suggested Sydney and Melbourne have been declining due to the impacts of COVID-19, but now they have deemed houses and units in Sydney are now classified as a declining market rather than one just starting to decline, suggesting they have been hit harder than Melbourne.
To enlarge the national property clock for houses, <a href="https://www.propertyobserver.com.au/images/2020/8/11/HTW%20August%20Clock%20RESI.JPG" target="_blank">click here</a>.
<img src="https://www.urban.com.au/images/2020/8/11/HTW%20August%20Clock%20RESI.JPG" alt="">
There has been no movement across the housing and unit markets at the peak of market position this month, HTW found.
However there has been some minor shuffling in markets nearing the bottom or starting to recover.
They noted, "many regional property markets remain resilient due to low/nil infection numbers, with CBD accessible lifestyle regions gaining appeal."
"Multi-residential investments (e.g. flats) hold excellent promise across many markets," they added.
To enlarge the national property clock for units, <a href="https://www.propertyobserver.com.au/images/2020/8/11/HTW%20August%20Clock%20UNIT.JPG" target="_blank">click here</a>.
<img src="https://www.urban.com.au/images/2020/8/11/HTW%20August%20Clock%20UNIT.JPG" alt="">
"Affordable housing and granny-flat construction in Western Sydney looks promising."
"Town planning changes in Kyogle and surrounds are opening up small development opportunities"
"Queensland property positions itself as an appealing post-pandemic alternative for southern investor."
"New construction is gaining momentum in some centres on the back of government stimulus, plus in Perth, transaction numbers rose, and vacancy rates fell due to low infections," HTW concluded.
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j.ballantyne1990-6AQqhLzZaK

Sydney residential market hit harder than Melbourne: HTW Residential Clock

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Unit markets across Australia saw no significant movement over the past month, according to property valuation firm Herron Todd White (HTW).
The valuation firm's national property clock for December found that five locations remained at the peak of the market cycle for units.
Unit markets in Albury, Sunshine Coast, Wodonga, Tamworth and Bathurst remained at the peak. Bathurst has sat at the peak the longest.
No other markets are approaching the peak while a number of markets including Hobart, Launceston and Mildura have continued rising.
Lismore, Mackay, Melbourne, Newcastle, Illawarra, Townsville, Cairns and Geelong, among others are still just in the beginnings of a recovery.
<a href="https://www.propertyobserver.com.au/images/2019/12/9/HTW%20Unit%20Clock%20DEC%202019.JPG" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/12/9/HTW%20Unit%20Clock%20DEC%202019.JPG" alt="">
Canberra, Perth, Kalgoorlie and the Southern Tablelands continued declining while the Central Coast remains at the start of a decline.
Broome, Geraldton and South West WA have still yet to hit rock bottom, unlike Darwin, Adelaide, Brisbane and Sydney, which according to HTW are all at the bottom of the unit market
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Unit markets held steady over the month with no movement: HTW Clock

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Three locations have climbed to the peak of the market cycle for units, according to property valuation firm Herron Todd White (HTW).
The valuation firm's national property clock for August finds unit markets in Albury, Sunshine Coast, and Wodonga are now at the peak of the market, joining Bathurst which has sat at the peak for the last two months.
It's been a quick rise for Albury and the Sunshine Coast.
In back to back months they've climbed quickly through the cycle, from rising market in June to approaching the peak of the market in July.
<a href="https://www.propertyobserver.com.au/images/2019/8/5/unit%20clock.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/5/unit%20clock.jpg" alt="">
Tamworth joined Hobart at the approaching peak of the unit market. 
Apartments in the South West of Western Australia were not as far through their declining cycle as HTW had previously suggested.
They moved from approaching the bottom of the market to in a declining market, suggesting there is still some way to go in the decline.
<img src="https://www.urban.com.au/images/2019/8/16/Tamworth%201.JPG" alt="">
One example of a unit listed in Tamworth is 1/33 Murray Street (pictured above).
The two bedroom one bathroom unit is listed for $225,000 more than 10% higher than the median price for a unit in Tamworth, $194,811.
<img src="https://www.urban.com.au/images/2019/8/16/Tamworth%202.JPG" alt="">
Another example of a unit exceeding the median sale price in Tamworth is Lot 41/337 Armidale Road (pictured above).
The three bedroom, two bathroom apartment sold for $273,000 in March 2019.
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Tamworth unit market starts to approach the peak: HTW Clock 

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A block of units in the heart of Mosman is on the market with the price of $550,000. 
It has been offered by David Cotton from Fidelity International.
Sitting on a 730 square metre block of land, the four separate two bedroom units at<a href="https://www.realestate.com.au/property-unitblock-qld-mossman-117151079" target="_blank"> 6 William Street </a>features solid construction, high ceilings and retro style architecture.
There are two apartments located on the first floor and two top floor apartments that are accessible via an internal stair case.
<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/2018/10/15/mossman%202.jpg" alt="">
The units are all currently rented out between $190 to $200 per week.
It is located directly across the road from the school and only 100 metres to the main street. 
<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/2018/10/15/mossman%203.jpg" alt="">
With the growing demand for rental properties in the area, these prices have the potential to increase on the next rent review.
There is a lot of potential in renovating and increasing the value of the property.
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Mosman block of apartments hits the market

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Sydney Olympic Park has experienced the biggest stock increase in Australia over the past year.
Investar suggests its sales stock has grown by 189%, from 37 units this time last year to its current 107 offerings. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/5/sydney%20olympic%20park.jpg" target="_blank">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/2018/4/5/sydney%20olympic%20park.jpg" alt="">
A two bedroom apartment has been listed for sale with a price guide of $768,000 to $784,000 (pictured below).
<a href="https://www.realestate.com.au/property-apartment-nsw-sydney+olympic+park-127730742" target="_blank">The 612/1 Australia Avenue apartment</a> features two spacious bedrooms, gourmet kitchen with stone bench top and two appointed bathrooms.
Extra features include split system air conditioning, building video security intercom, and secure parking.
<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/2018/4/5/6121%20australia%20avenue.jpg" alt="">
Another Australia Avenue two bedroom apartment was sold for $709,000 last year (pictured below).
Located on the fifth floor of the near new Australia Towers building, the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-sydney+olympic+park-126172790" target="_blank">501/7 Australia Avenue</a> apartment comes with 99 square metre living space, stone top kitchen with European appliances, and secure car park.
Positioned in the heart of Sydney Olympic Park, it is mere footsteps from the park’s world-class sporting venues, train station and restaurant precinct.
<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/2018/4/5/5017%20australia%20avenue.jpg" alt="">
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Sydney Olympic Park experiences big stock increase

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A three bedroom villa in Armadale, a suburb of Perth, has been listed by Ian Rankin from Ray White.
It will be auctioned on April 28.
<a href="https://www.realestate.com.au/property-unit-wa-armadale-127948078" target="_blank">Situated at 6/34 Friar Road</a>, the unit features three bedrooms, good sized kitchen which overlooks the family area, and L-shaped living/lounge area.
It also comes with the private enclosed patio and large double garage.
It's on the right side at the back of the complex.
It last sold at $305,000 in 2009.
It was a $340 a week rental in 2015 and at $340 in 2009.
According to CoreLogic, the suburb's median unit price sits on $230,000.
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Armadale, Perth three bedroom villa listed by mortgagee

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The peak of the market cycle for units remained unchanged in October, with Melbourne still at the top along with Coffs Harbour, Gold Coast, Newcastle and NSW Central Coast, according to property valuation firm Herron Todd White.
Sydney remains at the starting to decline position for unit prices. 
There were few changes from September, with Bathurst and Orange moving a notch up to a rising market from their start of recovery in the previous month. 
Whitsundays has gone from being at the bottom of the market cycle to start of recovery in the clock, according to HTW.
The biggest change, however, was Bendigo which dramatically slipped to approaching the bottom of the market from its rising market position in September.
<a href="https://www.propertyobserver.com.au/images/2017/10/06/HTWUnitsOct.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/10/06/HTWUnitsOct.png" alt=""> 
 
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jonathanchancellor-7SQnKwU6yx

Melbourne stays at top of market for units, Sydney in decline while Bendigo slips dramatically: HTW clock 

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With the backdrop of housing affordability set to be a key issue for Tuesday's federal budget, a compact Chelsea townhouse in Melbourne's seaside suburb was in the spotlight as the nation's most affordable weekend sale.
The vacant <a href="https://www.realestate.com.au/property-unit-vic-chelsea-125169970" target="_blank">one bedder</a> fetched $273,000, having last sold at $147,000 in 2005, so falling short of doubling in price over the intervening dozen years.
The property was offered through Thomson Real Estate agent Mark Pearman and Jeff Cowan.
Its 2005 price had surged from its prior $55,000 sale eight years earlier in 1997, highlighting recent CoreLogic research suggesting despite the recent boom in capital city dwelling values growth was actually subdued compared to past decades.
Sydney ranks as the only capital city that has recorded a greater increase in values so far this decade compared to the previous decade, the research advised. The latest commentary on Sydney's affordability came via a weekend <a href="https://www.facebook.com/senator.sam.dastyari/videos/vb.269334213215074/784450785036745/?type=2&amp;theater" target="_blank">Facebook posting</a> by Senator Sam Daystari with some 345,000 plus views by Sunday evening. 
Sydney's cheapest weekend sale was $502,500 for a three bedroom house at Windsor, in the Hawkesbury district.
Almost doubling in price over its nine year ownership, it had last traded at $255,000 in 2008, and previously at $257,000 in 2005, showing that prices can fall too.
It had doubled in price from $110,000 to $220,000 between 2000 and boom time 2003.
The nation's top reported result was Sydney's dearest sale when an restored 1890s Newtown terrace house sold pre-auction for $3.8 million.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-08%20at%209.50.35%20AM.png" alt="">
The <a href="https://www.realestate.com.au/sold/property-terrace-nsw-newtown-125174618" target="_blank">66 Watkin Street</a> terrace (above), that now overlooks the glamorous backyard swimming pool, traded unrenovated at $1,883,000 in 2009.
The property was offered through Ray White agents Ercan Ersan and Shaun Stoker who had initial $3 million price guidance.
"No expense has been spared on the meticulous craftsmanship behind its prestigious 12 metre facade," the marketing advised.
Adelaide, often ranked as the cheapest mainland capital city, saw prices range from $290,000 to $991,000.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-08%20at%209.51.42%20AM.png" alt="">
The $991,000 sale was <a href="https://www.realestate.com.au/sold/property-house-sa-eden+hills-125265266" target="_blank">a four bedroom home on a hillside 2413 sqm block at Eden Hills</a> (above). 
The home marketed as "elegant and huge" had been tipped by Harris Real Estate to fetch $850,000 plus.
The $290,000 Aldinga Beach sale was a 1970s townhouse that had been a $250 a week rental when last offered vacant three years ago.
The national clearance rate held firm around 74 percent on lower auction activity in the first week of May, according to CoreLogic’s latest report.
Rapidly falling volumes appear to have underpinned the national auction clearance rate as buyer hesitancy begins to emerge given rising interest rates and overheated markets.
The property data firm says that this week, 1,662 capital city auctions were held and preliminary results show that 1,365 auctions have been reported so far, with a preliminary clearance rate of 74.6 percent, rising from a final clearance rate of 74 percent last week across 2,350 auctions.
Clearance rates remain above the long term average across the largest capital cities, but the rolling four week average reveals a softening trend in Sydney’s final clearance rate.
Both Sydney and Melbourne maintain their place as the strongest auction markets.
This week’s combined capital city preliminary clearance rate is stronger than one year ago, when 67.7 per cent of capital city properties cleared, however auction volumes are lower than this time last year when 2,230 homes were taken to auction across the combined capitals.
Across Melbourne, 782 homes were taken to auction and preliminary results show a clearance rate of 78.4 percent, up slightly from last week’s final clearance rate of 78.1 percent across 1,226 auctions.
At the same time last year, Melbourne’s clearance rate was 73.2 percent, with 1,150 auctions held across the city.
The North East region was the best performer in terms of clearance rates, with a 89.4 per ent success rate. 
Melbourne's top sale was $3.7 million in Balwyn for a home with 500 sqm of living space through MICM Real Estate.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-08%20at%209.56.17%20AM.png" alt="">
 
It was a five bedroom home with study and six bathrooms, built in the French provincial style on <a href="https://www.realestate.com.au/sold/property-house-vic-balwyn-125159990" target="_blank">its 740 sqm Metung Street block</a> (above).
The vendors had unsuccessfully sought $3.9 million at its June 2016 auction.
It first sold as a new-build in 2011 at $2.82 million.
Sydney was host to 585 auctions this week, down from 811 last week and 676 at the same time last year.
A preliminary clearance rate of 77.8 percent was recorded this week, representing an increase from last week’s 74.3 percent and higher than one year ago (71.8 percent).
"The performance across Sydney’s individual sub regions was varied," Kevin Brogan, the CoreLogic auction analyst said.
Across Blacktown, where 11 results have been reported so far, the preliminary clearance rate was 36.4 per cent, while across the Central Coast secured 89.5 percent and City and Inner South secured 88.5 percent.
There were 105 auctions held across Brisbane this week, down from 124 last week, and significantly lower than one year ago (195).
Preliminary results for the city show that 60.8 percent of auctions were successful this week, up from 52.9 percent last week, while one year ago 41.2 percent of auctions were sold.
Brisbane's cheapest weekend result was $355,000 in Zillmere, for a home on a 610 sqm block of land not too far from Nudgee College. 
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-08%20at%209.57.48%20AM.png" alt="">
<a href="https://www.realestate.com.au/property-house-qld-zillmere-125140418" target="_blank">The 1970-build three bedroom home</a> (above) with 95 sqm of living space had been last traded in 1977 at $27,450, so reflected 6.6 percent annual growth over the four decades.
A total of 95 auctions were held in Adelaide this week, up from 83 last week, and similar to last year (94).
Preliminary results for the weekend show 66.7 percent sold across Adelaide, up from 63.5 percent last week.
There were 56 auctions held in Canberra this week and the preliminary clearance rate was 65.3 percent, down from 68.3 percent last week and higher than one year ago (54.3 per cent).
Like several other capitals, Canberra's cheapest offering was a townhouse.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-08%20at%209.58.48%20AM.png" alt="">
 
It was a <a href="https://www.realestate.com.au/property-duplex+semi+detached-act-amaroo-125273026" target="_blank">three bedroom Amaroo duplex townhouse</a> (above) that fetched $430,000, having come with $399,000 plus price guidance from LJ Hooker. It had last sold at $382,000 in 2010.
 
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