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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

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

Western Australia

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The Western Australia housing market took a turn for the worse over the last quarter with broad-based downgrades, according to the latest data from Moody's Analytics
They found, despite support from lower interest rates and the continued strength of non-rural commodity prices, dwelling prices remain in a slump after the mining boom.
The labour market in Western Australia has been comparatively weak for some time, with the growth in employment lower than the national average since 2015.
Plus, average weekly earnings contracted over the year to May, the second worst performance among states after the Northern Territory.
Given the subdued conditions, Moody's Analytics forecast is for the housing market is expected to continue declining in 2019, with the trough not likely until 2020, after which conditions will begin to pick up before a modest recovery in 2021.
<img src="https://www.urban.com.au/images/2019/10/28/WA%20Moodys%201.JPG" alt="">
Katrina Ell, Economist at Moody’s Analytics said: "Greater Perth’s house values are expected to fall 7.8% in 2019, building on the 1.8% drop in 2018.
"Mandurah is expected to experience the greatest fall in house prices this year, before stalling in 2020, while Perth Inner and Perth-North West are expected to perform the worst in apartments, which will have double-digit falls. Conditions will improve for both in the following year, but prices are forecast to still be below 2017’s in the medium term.
"Median rental values in Western Australia fell more than 20% peak to trough from November 2013 to September 2016, a sign of continued excess supply. Since then, rental values have remained broadly stable.
"A slow recovery in rental value over the next two years will help the housing market recover.
"Perth-North West, encompassing Joondalup, Stirling and Wanneroo, is representative of trends across Greater Perth. While apartment prices will likely remain weak over 2019-2020, house values will fare better, with less of a decline this year followed by a modest recovery in the next."
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Western Australia's housing market still down over the quarter

<html><body>
The WA State Government announced that they will be proceeding with stamp duty relief of up to $50,000 for off the plan apartment purchases.
The rebate is effective immediately and is applicable to all buyers purchasing off-the-plan apartments including first home buyers, seniors looking to right-size and foreign buyers.
Samantha Reece, Director of WAAA, stated that she had held discussions with both Minister for Transport, Planning and Lands, Rita Saffioti, and Minister for Housing, Veterans Issues, Youth and Asian Engagement, Peter Charles Tinley, in March this year after research results from 3312 apartment owners indicated that only 14% were prepared to purchase off the plan.
“With the future of MetroNet hanging on the balance of apartment pre-sales, this decision by the McGowan Government will ensure that people who have been dissuaded to buy an apartment will now have an added incentive,” Reece said.
“This stamp duty relief will undoubtedly stimulate the apartment market and that is very promising with the Government’s focus to achieve 47% infill targets.
"WAAA lends its full support to this decision and we thank the relevant Ministers for listening to the voting public of Perth."
ABS data indicates that WA only represents 4.7% of total apartments in the nation in comparison to NSW at 47.2%, Victoria 22.8% and QLD 17.4%.
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McGowan Government announces WA stamp duty relief for off the plan purchases

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After a dry start to the year, Western Australia has had some promising rain events in many agricultural regions, according to the latest report from Herron Todd White.
The valuation firm reported at the start of the year Minni Downs (pictured above), on Mount Sheridan Road, Varley was purchased for $8.9 million. This property was formerly three farms known as Fretwells, Mini Downs and Rockwater that were aggregated into one. The property has a total land area of 7,556 hectares and is serviced by two sets of structural improvements including houses and sheds. That sale price reflects $1,178 per hectare improved.
Conversely, In May, the Green Range locality Kangaroo Valley sold for $5.2 million. This property is approximately 1,375 hectares developed for cropping and grazing with structural improvements including a four-bedroom house and a number of sheds. This property is reasonably close to Albany on the South Coast and has highway frontage. Analysis of the sales price indicates $3,780 per hectare improved.
The property valuation firm concludes that environmental factors, and recent sales, confidence in the region is continuing to “lean towards the positive side of the scale.”
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Western Australia's rural market see's hope in rain recovery: HTW Rural

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A portfolio of three, established child care centres across Perth and regional WA are set for auction at the end of August  
The three centres in Inglewood, Hilbert and Vasse offer solid income streams with long term leases in place to well established operators. 
All three are less than 12 months old and are located in either well established or growing catchment areas.
Knight Frank agent Tony Delich, said the portfolio would appeal to a broad cross-section of funds and private investors.
“Smaller self-managed super funds in particular are looking for yield and security as opposed to leaving funds in bank deposits.” 
<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/2019/8/7/childcare%202.jpg" alt="">
Mr Delich said this portfolio had significant appeal due to its geographic spread with inner-city Inglewood, semi-rural, south-east suburban fringe suburb Hilbert and south-west growth area Vasse.
He said the Inglewood centre had an corner location on Beaufort Street and also included a retail tenancy.
“It is a brand new, three level building with a net income in excess of $350,000pa,” Mr Delich said.
“The Vasse centre is run by a well established child care operator and returns an income of $214,800, while the Hilbert centre is opposite a future primary school site in a huge growth locality in the City of Armadale and returns an income of $217,500.” 
Mr Delich said the properties would be auctioned separately on August 28.
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Western Australian child care portfolio scheduled for auction 

<html><body>
Western Australia is still considered in some regions to provide good value in comparison to other Australian states and territories, according to the latest Herron Todd White (HTW) rural report. 
The report notes that the state is very diverse; from cattle stations in the northern pastoral regions to vineyards in the south-west and many other agricultural, horticultural, silvicultural and aquaculture land uses in between.
"We consider that the entry level in Western Australia would initially be at a hobby farm level in areas which are affordable for a scale which can develop some level of return and then build on from there," the valuation firm said. 
A number of areas surrounding the Perth metro area, south-west and great southern have been heavily influenced in the last couple of decades by rural lifestyle purchasers driving land values beyond limits to make a commercial return and what would be considered entry level rural.
A 20 hectare city farm in Hopeland, an outer suburb of Perth has been sold for $500,000.
The horse and hobby farm at <a href="https://www.realestate.com.au/sold/property-farmlet-wa-hopeland-7996770" target="_blank">Lot 504 Henderson Road</a> (pictured below) comes with tree lined creek and mature trees throughout the property. 
It is close to the surface water including a soak. 
<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/2019/7/25/hopeland%201.jpg" alt="">
"We therefore would look to the wheatbelt areas and the medium to low rainfall areas that have lower land values. However, they also have lower yields and are more susceptible to drought conditions, so not without risk," the valuation firm said. 
"We did a quick search and for $460,000 you can buy 1,259 hectares or 949 arable hectares at Bencubbin in the eastern wheatbelt.
"For a purchaser looking to get into agriculture this is an affordable level and scale with residential improvements. 
"The asking price equates to $485 per arable hectare which outside of pastoral regions would be considered one of the lowest price points in the country.
"This scale would not be viable as a sole source of income however someone interested in agriculture could work in the industry in the surrounding areas and use this as a starting point to build a viable operation and also use as accommodation."
According to the HTW report, current livestock and machinery prices will make it difficult to stock and crop the property straight away and require additional investment, however the use of contractors for cropping or building a mob of sheep over time can limit the initial capital outlay required.
Benchmark surveys indicate that the low rainfall region can produce up to 1.7 t/ha of wheat and carry 2.4 DSE/winter grazed hectare.
A number of good seasons have seen demand for cropping and grazing properties increase with values increasing accordingly across a number of wheatbelt regions. 
This area has been subject to drought conditions and therefore subject to higher risk of not providing a return and therefore capital gains will likely be lower.
A current listing within Wheatbelt regions is Grassdale, a 246 hectare property that has been offered to the market in the first time with $1.5 million hopes. 
Located on the edge of the Wandering,<a href="https://www.realestate.com.au/property-lifestyle-wa-wandering-700040406" target="_blank"> Grassdale </a>(pictured below) features quality soils, grazing, treed creek lines, rock and bush as well as lower saline land. 
It includes an early 1900s dwelling with views, shearing shed, six main paddocks with twi smaller holding paddocks and seven dams. 
<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/2019/7/25/grassdale%20.jpg" alt="">
"We do however note that the continuous development of agricultural technology and plant varieties is resulting in an potential increase in yields and returns and these developments could have a significant impact on the production potential of the lower rainfall areas which has the potential to flow on to capital gains." 
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Good value to be found in Western Australia rural market: HTW rural

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The Perth housing market is doing better than expected, supported by lower interest rates and the continued strength of non-rural commodity prices, according to Moody's Analytics.
They forecast the Greater Perth area's house values to increase by a total of 6.4% over 2020 and 2021, after a -6.9% decline in 2019. 
Similarly Greater Perth apartments are expected to see a recovery too, albeit smaller, with a total growth of 4.8% over 2020/2021. However, this follows a decline of -7.3% in 2019.
The outlier however is Mandurah, with growth of 12.9% forecast in 2020 and 8% in 2021, off of the back of 4.3% in 2019.
Mandurah is the only region in WA which apartments are forecast to see growth during 2019.
Moody's said growth in housing values is because the labour market in Western Australia has been comparatively weak for some time, with the growth in employment lower than the national average since 2015.
The unemployment rate in the state is among the highest in the country, 6.1% in April compared with the national average of 5.1%, and wage growth remains the lowest of all the states on a year-over-year basis.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%201.JPG" alt="">
Perth-Inner is expected to experience the steepest fall this year in house values but will recover slightly in 2020.
Meanwhile Perth-North West and Perth-Inner are expected to have the greatest price falls in apartments this year, with the fall flowing through to next year as well for the former region.
"Rental values fell more than 20% peak to trough from May 2013 to November 2017, a sign of continued excess supply," the report said.
"A slow recovery in rental value over the next two years will help the housing market recover."
Perth-North West, encompassing Joondalup, Stirling and Wanneroo, is representative of the trends across Greater Perth.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%202.JPG" alt="">
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Mandurah to lead WA apartment market recovery: Moody's Analytics

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Kambalda East has the cheapest rentals in Western Australia, according to the latest Investar suburb performance report.
The report reveals the top 100 cheapest localities across the country.
It suggests the median rent in Kambalda East for a three bedroom house sits at $170 a week. 
This is followed by Geraldton and Orelia with $190 per week.
The median rent in Armadale for both house and unit sits at $200 per week. 
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top">
Suburb
</td>
<td valign="top">
State
</td>
<td valign="top">
Postcode
</td>
<td valign="top">
Dwelling Type
</td>
<td valign="top">
Bedrooms 
</td>
<td valign="top">
Median rent 
</td>
</tr>
<tr>
<td valign="top">
Kambalda East
</td>
<td valign="top">
WA
</td>
<td valign="top">
6442
</td>
<td valign="top">
House
</td>
<td valign="top">
3
</td>
<td valign="top">
$170
</td>
</tr>
<tr>
<td valign="top">
Geraldton
</td>
<td valign="top">
WA
</td>
<td valign="top">
6530
</td>
<td valign="top">
Unit
</td>
<td valign="top">
2
</td>
<td valign="top">
$190
</td>
</tr>
<tr>
<td valign="top">
Orelia
</td>
<td valign="top">
WA
</td>
<td valign="top">
6167
</td>
<td valign="top">
Unit
</td>
<td valign="top">
2
</td>
<td valign="top">
$190
</td>
</tr>
<tr>
<td valign="top">
Armadale
</td>
<td valign="top">
WA
</td>
<td valign="top">
6112
</td>
<td valign="top">
House
</td>
<td valign="top">
2
</td>
<td valign="top">
$200
</td>
</tr>
<tr>
<td valign="top">
Armadale
</td>
<td valign="top">
WA
</td>
<td valign="top">
6112
</td>
<td valign="top">
Unit
</td>
<td valign="top">
2
</td>
<td valign="top">
$200
</td>
</tr>
<tr>
<td valign="top">
Kambalda West
</td>
<td valign="top">
WA
</td>
<td valign="top">
6442
</td>
<td valign="top">
House
</td>
<td valign="top">
3
</td>
<td valign="top">
$200
</td>
</tr>
<tr>
<td valign="top">
Shoal Water
</td>
<td valign="top">
WA
</td>
<td valign="top">
6169
</td>
<td valign="top">
Unit
</td>
<td valign="top">
2
</td>
<td valign="top">
$200
</td>
</tr>
<tr>
<td valign="top">
Osborne Park
</td>
<td valign="top">
WA
</td>
<td valign="top">
6017
</td>
<td valign="top">
Unit
</td>
<td valign="top">
Studio&amp;1
</td>
<td valign="top">
$200
</td>
</tr>
<tr>
<td valign="top">
Maylands
</td>
<td valign="top">
WA
</td>
<td valign="top">
6051
</td>
<td valign="top">
Unit
</td>
<td valign="top">
Studio&amp;1
</td>
<td valign="top">
$210
</td>
</tr>
<tr>
<td valign="top">
Victoria Park
</td>
<td valign="top">
WA
</td>
<td valign="top">
6100
</td>
<td valign="top">
Unit
</td>
<td valign="top">
Studio&amp;1
</td>
<td valign="top">
$210
</td>
</tr>
<tr>
<td valign="top">
Hamilton Hill
</td>
<td valign="top">
WA
</td>
<td valign="top">
6163
</td>
<td valign="top">
Unit
</td>
<td valign="top">
Studio&amp;1
</td>
<td valign="top">
$215
</td>
</tr>
<tr>
<td valign="top">
Baldivis
</td>
<td valign="top">
WA
</td>
<td valign="top">
6171
</td>
<td valign="top">
Unit
</td>
<td valign="top">
2
</td>
<td valign="top">
$215
</td>
</tr>
<tr>
<td valign="top">
Gosnells
</td>
<td valign="top">
WA
</td>
<td valign="top">
6110
</td>
<td valign="top">
Townhouse
</td>
<td valign="top">
2
</td>
<td valign="top">
$220
</td>
</tr>
</tbody></table>
Source: Investar
A three bedroom house nestled on the edge of East Kambalda has been listed for $180 per week. 
Situated on a large block, the house at <a href="https://www.realestate.com.au/property-house-wa-kambalda+east-412942407" target="_blank">33 Acacia Road</a> (pictured above) comprises three bedrooms, renovated kitchen, large living area, and home office or study.
It also features a shaded patio, a carport and garage. 
<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/2019/7/11/geraldton.jpg" alt="">
A Geraldton two bedroom unit currently on the market is priced at $185 per week.
Located close to all amenities in Geraldton, the furnished brick unit at 10/13 Ainsworth Street (pictured above) comes with open plan lounge area, two bedrooms, enclosed rear yard and single carport. 
It's just a short stroll to the CBD and beaches. 
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Kambalda East is WA's cheapest rental location: Investar 

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After a period of declining values, the residential property market in the Western Australian region around Australind and Eaton has received a potential boost. 
The commencement of construction of the new $1 billion lithium processing plant at Kemerton could provide a lift to these markets, according to a recent Herron Todd White (HTW) residential report.
The report suggests in excess of 600 new jobs will be created and the doubling of production at the Greenbushes lithium mine has already seen 200 new employees.
The respective companies behind these significant regional enterprises are specifying that the workforce must live within 50 kilometres.
"Where previously property values in this catchment have been steadily falling over a number of years, there is now cautious optimism, with new sub-divisions emerging in Donnybrook, Eaton and Glen Iris," the valuation firm said. 
The report notes that real estate agents are seeking new stock to sell as investors begin to purchase the properties that have been on the market for a noticeable period of time.
"It is realistic to say that the region remains a buyer’s market for the time being, however it is anticipated that stability will be introduced in coming months," the valuation firm said. 
One related observation has been the recent sale of a number of executive dwellings in Bridgetown and Manjimup with prices over $700,000 being achieved for three properties, which is setting a new upper price bracket for these quality houses as mining executives are looking to re-locate to the South West.
A four bedroom house located just a few minutes' drive to the centre of Bridgetown has recently been sold for $700,000.
Sitting on one acre, the family home at <a href="https://www.realestate.com.au/sold/property-house-wa-bridgetown-130361910" target="_blank">19 Devon Place </a>(pictured below) comprises open plan kitchen/diner, separate family room, study, lounge, master bedroom and three additional double bedrooms.
Other features include solar hot water, garden sheds, laundry with fitted cupboards and double garage. 
<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/2019/7/10/bridgetown%20.jpg" alt="">
"The overall review of the South West land division residential property market, however, is best described as weakening with downward pressure on values particularly in the outlying localities such as Dalyellup in Bunbury, Provence and Kealy in Busselton, and Brookfield in Margaret River," HTW said.  
A four bedroom house located in Stage 1 of Dayleyllup Beach Estate has recently been sold for $405,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-wa-dalyellup-129800938" target="_blank">13 Kularda Road</a> (pictured below), the home was sold for $451,000 in 2011.
It comes with open plan living, formal lounge, study, master suite, three additional bedrooms, two patio areas and swimming pool. 
<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/2019/7/10/dalyellup%20.jpg" alt="">
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South West WA market boosted by new lithium processing plant : HTW residential 

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Despite continued headwinds about electric vehicles entering the mainstream private car market, there has been a strong development pipeline of new petrol stations across Australia, according to a recent report from CBRE.
A new CBRE market review highlighted that 186 new petrol stations will be built nationally over the next 12 months, including 38 in Western Australia.
CBRE’s WA petrol station specialist Anthony Del Borrello said that the development supply pipeline was being driven by Perth’s changing road networks and strengthening investor demand.
Mr Del Borrello said, "service stations present a compelling investment opportunity, based on their strong tenancy profiles – anchored by national operators such as 7-Eleven, Caltex and Viva Energy – and long leases.”
“These tenants are at the forefront of the emerging electric car industry and their confidence in the long-term expansion of their existing network in WA is providing investors the confidence that there will be no market disruption in the medium term.”
The report notes, over the past six months, more than $62 million of petrol station investments sold across Western Australia, with tenancies including 7-Eleven, Caltex and Coles Express resulting in an average yield of 6.2%.
In WA, 38 petrol stations are mooted this year, with an additional 26 earmarked for construction across the state in 2020.
While the proportion of electric vehicles in production in Australia is expected to reach 50% by the 2030s, translating to less than 14% of cars being electric, there will be a continued need for petrol filling stations into the future.
BP Sawyers Valley is one of the latest service stations to hit the WA market.
Completed in June this year, the 5,295 sqm property is anchored by a 15-year lease to Epic Petroleum (with additional options).
The property is situated on the corner of Great Eastern Highway and Sawyers Road.
“This property represents the first BP service station to be offered for sale in Perth in at least three and a half years. On the back of continued momentum in the service station investment market, the opportunity to acquire this long-leased asset is expected to generate competitive buyer interest,” Mr Del Borrello added.
WA service station transactions between June 2018 – June 2019:
<img src="https://www.urban.com.au/images/2019/6/26/Petrol%20Stations%202019.JPG" alt="">
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186 Australian petrol stations set for completion in 2019: CBRE

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UBS Asset Management has sold their stake in Collgar Wind Farm, Western Australia's largest wind farms, to REST Industry Super.
REST had owned 40 percent of Collgar and have acquired UBS Asset Management's 60 percent stake.
The deal will make Collgar one of the largest Australian renewable energy projects directly owned by an Australian superannuation fund.
Rest has been involved with Collgar since construction began in 2010. 
Collgar generates, on average, between 40 and 50 per cent of the state’s renewable electricity. This is enough to power up to 170,000 average WA households per year and displace up to 690,000 tonnes of carbon dioxide emissions per year. 
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The acquisition was negotiated by Rest’s internal investment manager, Super Investment Management. 
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 George Zielinksi, chief investment officer at Super Investment Management, said the project is expected to continue to generate sustainable cash flows.
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“Collgar Wind Farm is a premium infrastructure asset that has been delivering strong returns for Rest members", Zielinski 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/2019/6/24/Colgar%20Wind%20Farm%203.jpg" alt="">
"Renewable energy projects like this will continue to play an important role in Australia’s future.
“As an existing owner, Rest has been able to monitor and assess the wind farm’s operational performance since construction was completed in 2011. 
"Taking full ownership is a great opportunity to drive further value from the asset and strengthen Rest’s infrastructure portfolio. 
"We are confident it will help grow members’ retirement savings into the future.” 
Collgar is the largest wind farm in WA, built on 18,000 hectares of land with a total capacity of 206 Megawatts. 
Collgar generates, on average, between 40 and 50 per ent of the state’s renewable electricity, enough to power up to 170,000 average WA households per year and displace up to 690,000 tonnes of carbon dioxide emissions per year. 
The project holds a five-star Global Real Estate Sustainable Benchmark (GRESB) rating for 2018.
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