<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Western Australia

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EXPERT OBSERVER
<div>
The Internet Vacancy Index fell by 0.9 per cent in May after decreasing by 0.5 per cent in April. The index is 5.8 per cent higher than a year ago and is still at levels last seen 6 years ago.
Engineering job vacancies rose by 23.7 per cent over the year to May – the strongest performing occupation across Australia. Science Professionals and Veterinarians vacancies are up by 23.5 per cent.
Job advertisements in Western Australia are at 3-year highs, up by 18.0 per cent over the year to May. And vacancies are up by 23.7 per cent in the state’s mining heartland – the Pilbara and Kimberley regions - at 4-year highs.
The job internet vacancies data is a leading indicator of the job market and therefore important for consumer-focussed stocks and companies such as SEEK.
</div>
<div class="x_WordSection2">
<h1>What does it all mean?</h1>
Telco giant Telstra’s announcement that it will reduce 8,000 employee and contractor positions will hog the headlines today. But one company’s struggles in a highly competitive global telecommunications market isn’t necessarily a true reflection of what is occurring more broadly across the evolving Aussie jobs market.
In fact it wasn’t long ago that Australia’s resources sector was in the doldrums following the end of the mining construction boom. Well there is light at the end of the tunnel for Western Australians.
Job vacancies in the West are leading the country and are at 3-year highs. And while Perth ads are the best in 2½ years, most ads are being advertised in our mining heartland, the Pilbara and Kimberley regions. Engineers, labourers and construction workers are in huge demand.
And it’s little wonder. Aussie mining giants BHP and Rio Tinto are hiring workers again after a period of balance sheet consolidation and asset divestment. Profits have rebounded to 3-year highs on the back of rising commodity prices and supply restraints. BHP has recently approved its $2.9 billion South Flank iron ore project with production commencing in 2021. And Rio Tinto plans to start developing its Koodaideri iron ore mine next year.
The mining giants will be building their new mines at a time when Hancock Prospecting is ramping-up its Roy Hill operation, also located in the Pilbara. Hancock has recently lobbed a $390 million bid for Atlas Iron amid increased mergers and acquisitions in the resources sector. 
And in a sign that Australia is employing more people in STEM-related industries, job vacancies have surged by 23.7 per cent and 23.5 per cent for Engineers, and Science Professionals and Veterinarians, respectively over the past year. 
The same can’t be said for Farm, Forestry and Garden Workers with job ads down by 19.6 per cent over the past year.
<h1>What do the figures show? </h1>
Skilled Vacancies
The Department of Jobs and Small Business Internet Vacancy Index fell by 0.9 per cent in May after decreasing by 0.5 per cent in April. The index is 5.8 per cent higher than a year ago and is still at levels last seen six years ago.
Job vacancies decreased in all eight occupational groups in May. The largest falls in vacancies were recorded for Sales Workers and Labourers (both down 1.5 per cent) for a second consecutive month. Technicians and Trades Workers, Clerical and Administrative Workers, and Community and Personal Service Workers also declined (all down 0.7 per cent). Smaller declines were experienced by Professionals (down 0.5 per cent), Managers, and Machinery Operators and Drivers (both down 0.2 per cent). 
Job vacancies fell in five of the states and territories in May: NSW (down 0.9 per cent); Victoria (down 0.3 per cent); Queensland (down 1.1 per cent); South Australia (down 0.2 per cent); Western Australia (up 0.8 per cent); Tasmania (up 0.8 per cent); Northern Territory (up 0.5 per cent); ACT (down 1.4 per cent).
Over the year to May, job vacancies have increased in six of eight occupational groups.The strongest gains were recorded by Professionals (up 11.3 per cent), Managers (up 10.0 per cent), and Technicians and Trades Workers (up 8.5 per cent). Also rising were Clerical and Administrative Workers (up 6.2 per cent), Community and Personal Service Workers (up 4.5 per cent) and Machinery Operators and Drivers (up 4.4 per cent) also rose. But job advertisements decreased for Sales Workers (down 7.3 per cent) and Labourers (down 5.6 per cent).
Job advertisements increased in five states and the two territories over the year to May. Western Australia recorded the strongest rise (up 18.0 per cent), followed by the Northern Territory (up 10.3 per cent) and Victoria (up 8.1 per cent). Tasmania (up 7.2 per cent) and NSW (up 5.3 per cent), ACT (up 3.6 per cent) and Queensland (up 0.4 per cent) all increased. The only fall was recorded in South Australia (down 1.7 per cent).
<h1>What is the importance of the economic data?</h1>
The Department of Jobs &amp; Small Business releases a monthly Internet Vacancy Index. The index is based on a count of online job advertisements newly lodged on three main job boards (SEEK, CareerOne and Australian JobSearch) during the month. The index is the only publicly available source of detailed data on online vacancies, including for around 350 occupations (at all skill levels), as well as for all states/territories and 37 regions.
<h1>What are the implications for interest rates and investors?</h1>
Australia’s employment market is evolving. Job creation has slowed from record highs in January and more part-time jobs are being added due to record female worker participation.
The composition of the workforce is changing, as are broader market influences. Today’s skilled internet job vacancies are near 6-year highs, complementing other leading job indicators such as the ANZ job ads index, which is at 7-year highs.
According to SEEK, skill shortages are emerging in the Mining and Energy, Science and Technology, Trades and Services, and Construction industries over the year to May. The tightening of the labour market should see eventual wage gains in these sectors, gradually boosting inflation.   
CommSec expects official interest rates to remain stable until early 2019.
Ryan Felsman is a senior economist at CommSec.
</div>
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jrobinson-rf4aSBido9

Job advertisements in Western Australia's Pilbara are at three year highs: CommSec

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Hyfield, a cropping property in Western Australia's Kojonup, has been sold for more than $25 million by the wheatbelt farming operations Giovi Ltd, formerly Wellard Agri Ltd.
Situated in the heart of the Great Southern with frontage to Albany Highway and Katanning-Kojonup main road, it consisted of <a href="https://www.realestate.com.au/sold/property-cropping-wa-kojonup-7933170" target="_blank">three properties</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/2018/6/8/HYFIELD%202.jpg" alt="">
Hyfield, a 2534 ha holding; Crossburn, a 2717 ha holding plus Yaralla, a 2581 ha holding were listed through Ray White Rural WA.
The properties are located within the Golden Triangle which developed its reputation from its late 1830s settlement due to its location, reliable rainfall, soft summers, excellent mixed soils on gently undulating well-drained hills.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/8/HYFIELD%203.jpg" alt="">
Of the 7831ha, 78 per cent is considered arable. 
The cropping program in recent years has comprised Calingiri, Mace and Spelt wheats, Bass barley, Bannister oats and canola varieties. 
The aggregation has reportedly had a sound fertiliser history since it was acquired by Wellard in 2008.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/8/HYFIELD%204.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Hyfield cropping property Kojonup sells for $25 million plus

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A three bedroom Erskine townhouse in a gated strata complex has been listed for $260,000.
It's set to sell for a big loss. 
The Western Australian home last traded for $404,300 when it was bought from the developer in 2008.
Kathryn Fiorenza at Peard Real Estate has the listing.
<a href="https://www.realestate.com.au/property-house-wa-erskine-128252602" target="_blank">The 4/5 Bower Drive house</a> features open plan living design, three bedrooms on the second floor, and double garage.
It comes with private courtyard and separate store room.
It is close to all amenities, including Erskine Shopping Centre, doctors, chemist, schools, cafes and public transport.
The suburb's median house price sits on $385,000, according to CoreLogic.
 
 
 
 
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Erskine townhouse in WA listed by mortgagee

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A three bedroom brick and tile house in Koongamia, a northeastern suburb of Perth, has been listed for $349,000 by mortgagees.
The Western Australian home is offered by Donna Gibb from Harcourts.
Built in 2003,<a href="https://www.realestate.com.au/property-house-wa-koongamia-128290002" target="_blank"> the 33B Koolgoo Way house</a> comes with three double sized bedrooms, formal lounge, open plan dining and outdoor entertaining area. 
It also features the well-appointed kitchen, entrance hall and family room. 
Nestled on an easy care 548 square metre block, it is close to shops, school and public transport.
It last sold at $372,500 in 2007.
It hit the market in March with other agents at $379,000.
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Koongamia three bedroom brick house for mortgagee sale

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A Young Siding 86.398 hectare (213.4 acres) property which includes three houses has been listed for $3.6 million.
The Western Australian property is offered by Peter Robertson from William Porteous Properties International.
<a href="https://www.realestate.com.au/property-house-wa-youngs+siding-128346814" target="_blank">Located at 135 Eden Road</a>, the main homestead comes with five bedrooms, two lounges, dining room, huge billiard room, and wine cellar.
It features high ceilings throughout, north facing entertainment deck, and solar heated 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/2018/5/14/135%20eden%20rd%202.jpg" alt="">
The paddocks are immaculately groomed with well-established pasture ideal for horses, cows and other stocks.
A modern second house adjacent to the main homestead offering two bed, lounge, dining and kitchen.
This is used as the caretaker's house and has the same views.
.<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/2018/5/14/135%20eden%20rd%204.jpg" alt="">
A freshly renovated double brick, three bedroom house down on the inlet waterfront.
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Young Siding, WA trophy estate for sale

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Foreigners buying WA real estate will be hit with a 7 per cent surcharge on the purchase price as the McGowan Government moved in last week's budget to almost double the tax.
Targeting overseas buyers, the State Budget included an increased rate from the 4 per cent surcharge which was announced in last year’s Budget.
The new rate of 7 per cent will be applied to foreign property buyers from January 1 next year, bring WA in line with other states which currently levy their surcharges at 7 per cent or 8 per cent..
It hopes to raise about $123 million between the 2018-19 and 2021-22 financial years.
On handing down the Budget, Treasurer Ben Wyatt noted the higher surcharge is not a new tax because it was a policy commitment made during the election campaign last year.
“Increasing the foreign buyers surcharge to 7 per cent will bring WA in line with other States, and provide the Government with additional revenue to help the State’s financial position,” Mr Wyatt said.
Last year the Government believed the charge to foreign buyers would bring revenue of about $21 million in its first year.
The charge will apply on the dutiable value of residential property purchased by foreigners and it will also capture corporations and trusts.
It will be applied on top of standard stamp duty payments.
NSW charges foreign buyers an 8 per cent surcharge, Victoria and South Australia charge 7 per cent, and Queensland 3 per cent.
The West Australian government is counting on the lithium boom to help it manage record state debt.
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Western Australia to raise tax on foreigners buying property

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A South Hedland three bedroom house has been recently listed by mortgagees for $229,000.
The North-western Western Australian home is offered by Jim Henneberry and Victoria Egebjerg Thoegersen from Hedland Property Shop.
<a href="https://www.realestate.com.au/property-house-wa-south+hedland-128200334" target="_blank">Positioned at 15 Lawson St, South Hedland</a>, the house with three bedrooms, three bathrooms and one car space. 
<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/2018/4/26/south%20hedland.jpg" alt="">
Built in 1972 the brick house has been maintained, and with the wide frontage, it has plenty of room for vehicles. 
The suburb's median house price is $198,500, according to CoreLogic. 
It last sold at $560,000 in 2007 when offloaded by BHP.
It was a $1000 a week rental in 2008.
Its most recent rental was $325 a week.
 
 
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Former $1000 a week South Hedland rental home listed by mortgagee

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A three bedroom house in Northam, about 97 kilometres east-northeast of Perth in the Avon Valley, has been sold for $130,000 by mortgagees some four years after its initial listing. 
It was sold by Lui Marcelli from Country Reality-Northam.
<a href="https://www.realestate.com.au/sold/property-house-wa-northam-126308182" target="_blank">The 4 Martin Street house </a>has been recently renovated with new kitchen, bathroom and laundry.
<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/2018/4/26/northam%202.jpg" alt="">
It features three bedrooms, the lounge and meals area, large separate games room, and a double carport as well as a large garage/shed. 
It had last sold at $250,000 in 2010.
The initial asking price was $269,000.
The asking price was dropped progressively to sit at $139,000 in January.
For the investor, the suggested rent is at around $250 per week.
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Loss making Northam three bedroom house sold by mortgagee

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Perth rents increased by 1.7% over the March 2018 quarter however, they were -1.3% lower over the past 12 months, say CoreLogic. 
Rents in regional Western Australia were unchanged over both the quarter and the past 12 months. Gross rental yields currently sit at 3.92% in Perth and 5.64% in regional Western Australia, a year ago they were recorded at 4.00% and 5.43% respectively.
Although rents increased across each of Perth’s SA4 regions over the first quarter of this year, rents were also lower in most regions over the past year. The one exception was the Inner region. Mandurah is the only region in which rental yields were unchanged over the year, all other Perth regions have recorded a moderate fall in rental yields.
Two of the four regional SA4 regions recorded a fall in rents over the quarter while two regions recorded annual falls. Interestingly, the regions that recorded quarterly rental falls were not the ones to record an annual fall. In all regional markets except for Bunbury, where yields have softened over the year, rental yields have increased over the past 12 months.
<a href="https://www.propertyobserver.com.au/images/2018/4/18/WA%20.jpg" target="_blank">Click here 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/2018/4/18/WA%20.jpg" alt="">
A Mandurah three bedroom house currently on the rental market is priced at $280 a week (pictured top).
<a href="https://www.realestate.com.au/property-house-wa-mandurah-423546478" target="_blank">Located at 12 Clarice Street</a>, the house features three bedrooms,  separate lounge, and  enclosed sun room to rear.
Opposite to the Forum Shopping Centre, it is close to train station and all amenities. 
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Moderate falls in Western Australia rental yields the norm: CoreLogic

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Lathlain is the Western Australia location which has had a dramatic decline in its house listings.
Investar suggests that the decrease of sale stock is around 61%, from 46 houses this time last year to its current 18 offerings. 
There is one Rayment Street offering under contract priced at over $749,000 (pictured below).
Built in 1961, the <a href="https://www.realestate.com.au/property-house-wa-lathlain-127476026" target="_blank">25 Rayment Street home</a> comes with three bedrooms, separate large lounge room an open plan kitchen.
Additional features include ducted evaporative air-conditioning, ceiling fans in kitchen and bore-fully reticulated gardens.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/25%20rayment%20street.jpg" alt="">
A Howick Street four bedroom house has been recently sold for $600,000 (pictured below).
It was sold by Ken Nelligan from LJ Hooker.
Located at<a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-126988670" target="_blank"> 50A Howick Street</a>, the Western Australian home comes with four bedrooms, separate formal lounge/theatre room and open plan kitchen.
It is only a short walk to Victoria Park train station, and minutes to Crown Entertainment complex, Perth Stadium and Lathlain Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/50a%20howick%20st.jpg" alt="">
Another Lathilain three-bedroom house was sold for $670,000 in July 2017 (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-wa-lathlain-124548662" target="_blank">The 26 Rutland Avenue house</a> was sold by Craig Wildman from Acton.
Fully renovated, the 1920s built home comes with three bedrooms, modern kitchen and large backyard.
It also has double glazed windows,  ducted reverse cycle air conditioning and a CCTV 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/2018/2/26/26%20rutland%20avenue.jpg" alt="">
Investar puts it the suburb median rental at $360.
The suburb's median house price sits on $660,000 according to CoreLogic. 
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