Urban.com.au’s Post

Demand for new apartments on the Lower North Shore increased to their highest levels in over two years in the second quarter of 2024. Data from MatterFact, Urban.com.au's new data product, showed enquiry jumped 20 per cent between Q1 2024 to Q2 2024 across Lower North Shore suburbs, with the likes of North Sydney, Crows Nest, Mosman and Roseville seeing the largest increases. Enquiry hasn't been at this level since 2022. Read more below. Aqualand Australia | Central Element | Tian An Australia | Billbergia Group | Coronation Property | Cbus Property | TWT Property Group Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 16,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

Many buyers find themselves returning to secure apartments in new developments by the same developer, given assurances they've delivered quality before. This is precisely the case in Newcastle, where Neil Owens recently purchased an apartment at ONE Apartments, the new two-tower project by local builder-developer GWH. It marked Neil's second purchase with GWH. He bought off the plan in SKY Residences, just 650 metres down the road. "I have firsthand experience with the developer's quality, and I believe that, like any reputable developer, they will always strive to make each new building even better," Neil said. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

Unit values in Sydney have remained resilient, while the house segment of the market continues to show signs of weakness. CoreLogic's Monthly Index revealed that unit values rose by 0.2 per cent in November and 0.4 per cent over the past three months, while house values contracted by -0.4 per cent in November and are down -0.8 per cent over the past quarter. Sydney’s median unit value is now $865,000, reflecting a 2.5 per cent increase since the start of the year. Read more about what happened in Sydney’s off the plan apartment market in November. TOGA | Charter Hall | ICD Property | Mirvac | Thirdi Group | Ellipse Property | GWH Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird 🐦⬛ to keep your finger on the pulse of the apartment and townhouse market.

Brisbane’s booming unit market is going to narrowly miss out on recording 20 per cent gains over the calendar year. However, the growth in value of units so far in 2024 is the best the Queensland capital has seen since 1988. Unit values in Brisbane are now up 14.8 per cent over 2024, reaching a new median value of $661,000. The returns are the second best in the country, only behind Perth, which has already seen over 20 per cent gains. Carbone Developments | Core Property Partners Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

🏡 Melbourne's Real Estate Insight: The Growing Divide 📈 Widening Gap: The price divide between houses and units in Melbourne continues to expand, posing challenges for those looking to upgrade from a unit to a house. 🌆➡️🏠 Affordability Crisis: With median house prices significantly outpacing those of units, many find themselves priced out of the housing market, pushing potential buyers towards apartments or out of the city. 💸🚫 Market Distortion: Statistics reveal a stark difference in price growth rates between houses and units, indicating potential overvaluation of houses or undervaluation of units compared to pre-pandemic levels. 📊🔍 Family Impact: The affordability issue delays life milestones for many, including starting families, as more people are compelled to consider long-term apartment living. 👨👩👧👦🏢 Call for Diversity: Experts advocate for introducing more housing variety, like townhouses and semi-detached homes, to provide more affordable options and address the market imbalance. 🏘️✨ ✍ by Sue Williams Read the full article for more insights: https://lnkd.in/g6qyy-EU

🏙️ Exciting Updates from Sydney's Off-the-Plan Apartment Market! 🚀 Get ready for a surge in demand! Charter Keck Cramer's H2 2023 Report forecasts increased interest in Sydney's off-the-plan apartment market for 2024. With Sydney's high cost of living, off-the-plan apartments emerge as a more affordable housing option, sparking enhanced opportunities for projects to meet rising demand. The report highlights a crucial trend of "sub-market division," where successful projects pivot on meeting specific demand expectations. Design, target market response, and reputable builders are key factors in mitigating risks and ensuring project success. As we look ahead, anticipated rate cuts and policy changes could potentially stimulate confidence and accelerate price growth, promising a more favorable outlook for Sydney's property market in 2024. Stay tuned for further updates and insights from Charter Keck Cramer! #SydneyProperty #OffThePlan #RealEstateMarket #PropertyForecast #CharterKeckCramer #SydneyLiving #PropertyInvestment Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 15,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off the plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

The majority of new housing supply being created in the City of Vancouver is rental and will continue to be for the foreseeable future. The cost to deliver new strata condos is just too high. With new one-bed condos starting in the $700’s on the Eastside and mid $800’s on the Westside, majority of people are officially priced-out 💵💰 For me, this signifies two important trends: 1.) The scarcity of new supply will continue to drive up the value of condos in the City over time, making ownership increasingly expensive. 2.) Those seeking affordable homeownership alternatives will find areas like Coquitlam, Port Moody, Langley, and Surrey increasingly attractive 📈… Recent new home sales data emphasizes the demand for housing options beyond the City. With Millennials entering their prime homeownership years, these suburban energy hubs around Vancouver are poised to become some of the most desirable places to live. There are some really great investment opportunities for those who also see this trend playing out the way I do. If interested, feel free to reach out to discuss today’s best presale projects ..💭 💎 https://lnkd.in/gjUUuhfv

The demand for downsizers in apartments is prompting more homeowners to band together to create a site more suitable for multi-residential developments. The latest is on Bond Street, just off Military Road, where four owners have banded together to list their four freestanding homes within 400 metres of the Spit Junction town centre. “The four owners have agreed it makes sense to enter a co-owners agreement and market the properties in one line to a select group of developers that are active in the local area," Beth McNally, one of the owners of the four properties, said. The site could be redeveloped into over 28 luxury apartments. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

Housing- perhaps a solution? Oct 2024 “The United States doesn’t just need more homes; it needs affordable homes.” #WashingtonPost @ashendruk @byheatherlong “Townhouses are becoming more attractive because they almost always cost less than detached single-family homes. In big urban areas, the median sale price for a townhouse is substantially cheaper: $382,000 less in San Francisco, $222,000 less in Los Angeles, $220,000 less in Miami, $190,000 less in Denver, $145,000 less in D.C. and $130,000 less in Phoenix, according to Zillow data from this summer.” Address ZONING with more density, INNOVATION in design and building materials, STREAMLINE building regulations and (repeat): “The United States doesn’t just need more homes; it needs AFFORDABLE homes.”

The Melbourne property market has continued to soften in 2024, with conditions proving challenging for sellers across the city. All dwelling types in Melbourne have experienced negative price growth, signaling a broader downturn that is also impacting Sydney. Despite the ongoing weakness in Melbourne’s property market, factors such as high population growth and a significant supply shortage are prompting many analysts and property experts to question whether the city now presents attractive opportunities for buyers. The median value for units in Melbourne is now $610,000, according to CoreLogic, placing it behind Brisbane, where the median value has risen to $677,000. Read more about what happened in Melbourne’s off the plan apartment market in November. BEULAH | Sunkin Property Group | Samuel Property | DM Property | ICON Developments Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird 🐦⬛ to keep your finger on the pulse of the apartment and townhouse market.