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NSW's Griffith residential market is approaching its peak, according to Herron Todd White’s April report.
The property valuation firm says that values have increased over the past six to nine months.
“The Griffith residential property market appears to be approaching the peak of the market.
"Values have been increasing in most market segments over the past six to nine months largely due to a shortage of stock relative to demand.
"The fear of missing out is pushing more affordable brackets ($250,000 to $350,000) well above expectations.
"The rise in the market is not limited to entry and middle market segments with buyers in the upper end of the market also showing a strong appetite producing strong results,” the report stated.
Low interest rates, shortage of land and optimism is driving the market at the present moment.
“So what is driving the market at present?
"A combination of things, including low interest rates, a shortage of land and the biggest factor being the optimism in the local agricultural sector and its impact on employment and investment.
"So what is likely to slow it down?
"The cost of money rising (interest rates), employment instability, the release of more land and the inability of the economy to retain its confidence,” the report warned.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-griffith-125329774" target="_blank">14B Grimison Avenue</a>, Griffith (above) has been listed for $249,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-griffith-125255310" target="_blank">62 Madden Drive</a>, Griffith (below) has been listed for $349,000.
The block of land was sold in 2015 for $95,000 with the house built in 2016.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/62%20Madden%20Drive.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-griffith-125166842" target="_blank">6 Evanside Parade</a>, Griffith (below) was recently sold for $300,000.
It was last sold in 2012 for $252,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/6%20Evanside%20Parade.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-griffith-125074086" target="_blank">72 Bromfield Street</a>, Griffith (below) was recently sold in April this year for $300,000.
It was last sold in 2008 for $282,500 and in 1996 for $147,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/72%20Bromfield%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Griffith's residential market approaching its peak: HTW

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The current state of Melbourne's Outer South Eastern market would currently be described as slowly strengthening, according to Herron Todd White’s latest May report.
The property valuation firm says that interest in suburbs such as Clyde, Officer and Pakenham are increasing.
“With continued population growth, current low interest rates as well as readily available land, residents are looking to newly developing suburbs such as Clyde, Officer and Pakenham for the relatively affordable land or established homes.
“This is especially true for first home buyers and young families who are looking for a dwelling as opposed to a smaller inner city apartment or townhouse with limited backyard.
“This area is described as a growth corridor, with prices for new residential land noticeably increasing over the past 12 months as detailed in the below graph,” the report stated.
<a href="https://www.propertyobserver.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%209.55.20%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/19/Screen%20Shot%202017-05-19%20at%209.55.20%20am.jpg" alt="">
Herron Todd White says that investments in public transports, shops and major roads are also increasing the popularity of the area.
“With the government’s commitment to infrastructure and investment in the region including public transport, shopping precincts and major roads, the popularity of the area is expected to continue.
“The main factor that could potentially have an effect on property prices within this region would be interest rates.
“Being that the area is made up of young families and first home buyers, a rise in interest rates may discourage buyers from getting into the property market which could slow the rise in property demand and as such have an impact on property prices.
“However with continued growth in our population, demand for property within the region is expected to remain, with performance expected to be slow but steady,” the report commented.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-clyde+north-125507274" target="_blank">23 Frankland Street</a>, Clyde North (above) has been listed for between $680,000 to $740,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-clyde+north-125505346" target="_blank">12 Montevideo Lane</a>, Clyde North (below) has been listed for between $440,000 to $460,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/19/12%20Montevideo%20Lane.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-clyde+north-125326378" target="_blank">3 Nokota Lane</a>, Clyde North (below) was recently sold for $440,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/19/3%20Nokota%20Lane.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-clyde+north-125261662" target="_blank">3 Glenelg Street</a>, Clyde North (below) was recently sold in April for $525,421.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/19/3%20Glenelg%20Street.jpg" alt="">
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Melbourne's Outer South East residential market is beginning to strengthen: HTW

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Holten at Kilmore has been listed for auction by Ruralco Property’s local office who expect it to attract local, interstate and even international buyer interest.
The land area of 130 hectares is of productive soils.
It has enabled the vendors to run an average of 40 cows and their calves plus additional replacement heifers over the last seven years.
The 480 O’Grady’s Road property comes with a five-bedroom plus study architect designed.
Then grandly proportioned homestead comes with rendered brick veneer in a Tuscan style.
There is also the inherent future development potential as possible five acre or similar sized small holding and lifestyle subdivisions with quality homes that are already against the southern boundary of this holding.
The vendor says he bought the property with his wife in 2008 to pursue a farming interest as it was within a thirty-minute commute to Melbourne’s northern suburbs down the multi lane Hume Freeway.
But he says that reaching retirement age, having sold his professional practice, and seeing evidence that his physical energy resources are fading, the time has come to downsize.
“Owning and developing Holten, named in honour of my father, has been a great experience but we both feel that downsizing will be right course for the future.
“The next owner should be in a prime position to capitalise on the prospect to subdivide and develop this holding into smaller lifestyle lots which has been happening around us for some years.
He adds “one of the keys here is the location midway between the Kilmore East and Wandong railway stations which are already used by a growing number of city commuters each day, together with the Hume Freeway access to the northern suburbs”.
Adjoining the house is a tiled in ground solar heated swimming pool together with a Plexipave full sized tennis court.
There are seven catchment dams, Broadhurst Creek adjacent to the southern boundary and two annual creeks traversing the Holten property in a 650 mm plus annual rainfall average.
Ruralco Property Kilmore’s selling agent Jeanette Laffan says the expected price estimate for Holten is $2.75 million to $3 million.
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Kilmore rural property expected to attract interest

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A new residential development in Brisbane’s waterfront Hamilton district has released a new range of apartments.
Brookfield Residential Properties’ Gallery House has released 12 new two bedrooms apartments which also come with a multi-purpose room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/10/Gallery%20House%20-%20living.jpg" alt="">
Brookfield’s general manager Lee Butterworth said the release comes after sales of two bedroom apartments, with 40, two bedroom apartments already sold.
The new floorplan was created in response to market demand for flexible living spaces, Butterworth said.
"Our fastest selling apartments in Gallery House have been the two bedroom floorplans, and with limited two bedroom apartments remaining, we saw an opportunity to release the new design to fill a gap in the market," he said.
"The multi-purpose room in the new two bedroom apartments can be used as a study, media room, play room or even as a spare room if extra guests or grandchildren come to visit."
They have worked closely with architect, Cottee Parker.
The 'River Collection' at Gallery House features two and three bedroom apartments with two car spaces and river views; while the 'City Collection' comprises one and two bedroom apartments with either suburban or river views.
One bedroom apartments in Gallery House start from $419,000; the new two bedroom plus multi-purpose room start from $715,000; and penthouses starting from $2.6 million.
For more information, <a href="https://gallery-house.com.au" target="_blank">click here</a>.
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New layout released for Brisbane waterfront development Gallery House

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Superannuation fund returns continued their eight year bull run in April.
Boosted by international shares and a fall in the Australian dollar, the median balanced option return posted 1.4 percent.
It built on the 1.5 percent returned in March taking the financial year to date return to 10 percent.
"Even a 300 point loss on Wall St in mid-May wasn’t enough to stop the momentum with May now also looking like delivering positive returns for funds,” said SuperRatings chairman Jeff Bresnahan.
“We have not seen the strong boost in confidence many have been hoping for, but neither have we seen any sign of a sustained pullback or dramatic loss of momentum.
“Despite the fact that significant risks remain, including in the housing market, the outlook for 2017 remains somewhat positive.”
Cash and fixed interest returns remain meagre, sitting at 1.4 percent and 1.3 percent for the financial year to date respectively.
Australian and global shares have been the star performers for the financial year thus far with returns of 15.3 percent and 15.6 percent respectively.
“It would be a great result to achieve a double-digit return for the financial year, but we still have a bit longer to go,” said Mr Bresnahan.
“Volatility has begun to increase in line with continued political uncertainty globally, and market momentum is positive.
“However, investors should be careful not to under-price risk in this environment.”
<a href="https://www.propertyobserver.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.21.24%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.21.24%20am.jpg" alt="">
The Australian market had a mixed month in April, posting a return of 1.0 percent, weighed down by negative performance from the Materials (-0.2 percent) and Energy (-0.6 percent) sectors, and a challenging month for Consumer Staples (-2.6 percent).
The main gains came from the Industrials sector (+4.4 percent), with strong gains from Brambles (+10.6 percent) following its announcement that it is on track to meet its 5 percent sales growth target.
Another recovery story came from the much-maligned Bellamy’s, which gained strongly late in the month to post a return of 22.4 percent with the installation of new management, as well as continued demand for Australian baby formula from the Chinese market.
The US market rally continued unabated through April, with the Dow Jones Industrial Average price index posting a rise of 3.6 percent – this despite a disappointing GDP reading of only 0.7 percent for Q1 2017.
The French CAC 40 returned 7.1 percent in April as Emmanuel Macron sailed to victory in the French presidential election, while the EuroStoxx 600 Index gained 5.8 percent, as confidence in the European recovery continued to build.
“Interestingly, equity market gains have coincided with a fall in yields in major markets, as well as a fall in the US dollar,” said Mr Bresnahan.
“With valuations starting to look high in the US, investors are holding out for the President’s proposed tax cuts to be made law, which are needed to consummate the reflation trade.”
Global yields fell in April, continuing a downward trend started in the previous month.
While rates have been trending higher since October 2016 and yield curves have steepened, investors have appeared to embrace duration again, reflected in longer- term fund flow.
The US 10-year Treasury yield fell from 2.39 percent to 2.28 percent after reaching an intra-month low of 2.17 percent.
While recent CPI releases in both Europe and the US have been promising, the numbers have moderated in recent months, and core inflation remains below central bank targets.
Longer-term returns for super continue to sit close to funds’ inflation targets, with the seven-year return sitting at an estimated 7.8 percent p.a. (above most funds’ CPI targets).
The 10-year return moved lower to 4.8 percent p.a., although it remains impacted by the Global Financial Crisis, which occurred nearly ten years ago.
The point of maximum monetary stimulus has passed, signalled by the US Fed’s March rate hike, although monetary policy remains very accommodative globally, and quantitative easing measures in Europe have not yet been tapered.
Compared to a year ago, when the FYTD return was 1.4 percent, there has been a strong turnaround in returns, but the idea of returns being lower for longer is still a key point of discussion in the industry.
While inflation appears to be taking hold, it has moderated in recent months, prompting central banks, and especially the US Fed, to reconsider the pace of tightening.
<a href="https://www.propertyobserver.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.23.21%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.23.21%20am.jpg" alt="">
 
He noted Australian markets have been supported by fundamentals, with full-time employment continuing to grow in April, and manufacturing firmly in expansion.
However, there is also evidence of a loss of upward price pressure, partly as a result of declining energy prices and tumbling iron ore values through March and April.
The 2017-18 Federal Budget, delivered this month, presented an optimistic view of the economy, with the path back to surplus in 2020-21 predicated on a gradual lift in wages growth from 1.9 percent to 3.75 percent.
“Economic indicators remain robust, although weaker inflation figures may be of some concern to investors as well as central banks."
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Australian super funds offering 10 percent returns 

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ASIC has disqualified Nathan Tinkler, Donna Dennis and Troy Palmer from managing companies for between three and four years for multiple serious failures in their duty as directors.
Tinkler's three-years and nine-months disqualification follows the appointment of liquidators to 11 companies he managed:
<ul>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Tinkler Group Pty Ltd</li>
<li>Tinkler Group Holdings Administration</li>
<li>Monegeetta Holdings Pty Ltd</li>
<li>Patinack Farm Holdings No 4 Pty Ltd</li>
<li>Patinack Farm Holdings No 8 Pty Ltd</li>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Aston Metals Limited</li>
<li>Patinack Farm Administration Pty Ltd</li>
<li>Mulsanne Resources Pty Ltd</li>
<li>Supercar International Holdings Ltd</li>
</ul>
Dennis' three-year disqualification follows the appointment of liquidators to nine companies she managed:
<ul>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Hunter Sports Special Events Pty Ltd</li>
<li>Tinkler Group Pty Ltd</li>
<li>Tinkler Group Holdings Administration Pty Ltd</li>
<li>Monegeetta Holdings Pty Ltd</li>
<li>Patinack Farm Holdings No 4 Pty Ltd</li>
<li>Patinack Farm Holdings No 8 Pty Ltd</li>
<li>Newcastle Jets Football Operations Pty Ltd</li>
</ul>
Palmer's three-years and nine-months disqualification follows the appointment of liquidators to nine companies he managed:
<ul>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Newcastle Jets Football Operations Pty Ltd</li>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Aston Metals Limited</li>
<li>Patinack Farm Administration Pty Ltd</li>
<li>Mulsanne Resources Pty Ltd</li>
<li>Supercar International Holdings Ltd</li>
<li>The Supercar Club Pty Ltd</li>
<li>TSCCF Pty Ltd</li>
</ul>
As a result of information contained in reports provided by the liquidators of the failed companies, ASIC was concerned Tinkler, Dennis and Palmer had:
<ul>
<li>failed to prevent the companies from trading while insolvent;</li>
<li>failed to ensure the companies paid their taxes;</li>
<li>failed to discharge their duties as a director; and</li>
<li>allowed one of the companies to deliberately operate at a loss.</li>
</ul>
Tinkler and Palmer were each disqualified from managing companies for three years and nine months, effective from 18 May 2017 and 12 May respsectively. Ms Dennis has been disqualified from managing corporations for three years, effective from 22 May 2017.
ASIC Commissioner John Price said the disqualifications imposed on these directors should highlight the consequences that can follow when companies are poorly managed.
"ASIC will seek to hold company directors accountable if they systemically fail to discharge their obligations when managing companies."
Section 206F of the Corporations Act allows ASIC to disqualify a person from managing corporations for up to five years if, within a seven-year period, the person was an officer of two or more companies, and those companies were wound up and a liquidator provides a report to ASIC about the company’s inability to pay its debts.
ASIC also maintains a public register of banned and disqualified persons that provides information about people who have been:
<ul>
<li>disqualified from involvement in the management of a corporation;</li>
<li>disqualified from auditing self-managed superannuation funds (SMSFs); or</li>
<li>disqualified from practising in the financial services of credit industry.</li>
</ul>
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Nathan Tinkler, Donna Dennis and Troy Palmer banned by ASIC from managing companies

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Warracknabeal ranks as the cheapest Victoria locality to purchase a house, according to a recent Investar report.
The property investment firm says that the median price for three bedroom houses in Warracknabeal, famous as the hometown of musician Nick Cave, is $130,500.
This is followed by Dimboola with $132,000 and Ouyen with $132,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Warracknabeal
</td>
<td valign="top" width="64">
3393
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$130,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Dimboola
</td>
<td valign="top" width="64">
3414
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$132,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Ouyen
</td>
<td valign="top" width="64">
3490
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$132,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Morwell
</td>
<td valign="top" width="64">
3840
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$133,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Moe
</td>
<td valign="top" width="64">
3840
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$142,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Nhill
</td>
<td valign="top" width="64">
3418
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$150,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Stawell
</td>
<td valign="top" width="64">
3380
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$165,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mooroopna
</td>
<td valign="top" width="64">
3629
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$167,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Mildura
</td>
<td valign="top" width="64">
3500
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$169,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mortlake
</td>
<td valign="top" width="64">
3272
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$169,000
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-121945482" target="_blank">22 Hewitt Street</a>, Warracknabeal (above) has been listed for $135,000.
Similarly, a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-125186974" target="_blank">130 Anderson Street</a>, Warracknabeal (below) was listed earlier this year for $129,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/12/130%20Anderson%20Street.jpg" alt="">
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Warracknabeal the cheapest locality in Victoria for houses: Investar

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One Melbourne real estate agent is taking a defibrillator to auctions after one bidder had a heart attack while attempting to buy a Brighton East unit late last year.
Attendee Tom Friedman was bidding on a Binnie St property for a friend who had been “too anxious” to do so herself, according to reports on realestate.com.au, when he  collapsed.
Dane Costello, real estate agent and a local GP performed CPR on the 65-year-old before an ambulance arrived.
They performed CPR until an ambulance came and took Mr Friedman to hospital, where he remained in an induced coma for a week.
Agency director and auctioneer, Nick Johnstone, said his staff had all had CPR training since.
“We’ve also bought a defibrillator and will be taking it to all our auctions,” he said.
“Auctions are obviously a pretty stressful time for the buyers, sellers and agents.”
"I stopped the auction when Mr Friedman went into cardiac arrest and sold the house to another party later that night."
<div>
Mr Friedman’s friend bought another property through the agency soon after.
</div>
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Defibrillator to be taken to Brighton auctions after heart attack

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Hamilton is the most expensive locality in Brisbane to purchase a house, according to Investar’s latest report.
The property investment firm says that the median price for Hamilton houses is $1,797,500.
This is followed by Ascot with $1,795,000 and Fig Tree Pocket with $1,506,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="97">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="97">
Hamilton
</td>
<td valign="top" width="64">
4007
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,797,500
</td>
</tr>
<tr>
<td valign="top" width="97">
Ascot
</td>
<td valign="top" width="64">
4007
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,795,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Fig Tree Pocket
</td>
<td valign="top" width="64">
4069
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,506,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Indooroopilly
</td>
<td valign="top" width="64">
4068
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,425,000
</td>
</tr>
<tr>
<td valign="top" width="97">
New Farm
</td>
<td valign="top" width="64">
4005
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,395,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Bardon
</td>
<td valign="top" width="64">
4065
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,360,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Clayfield
</td>
<td valign="top" width="64">
4011
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Pullenvale
</td>
<td valign="top" width="64">
4069
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,200,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Paddington
</td>
<td valign="top" width="64">
4064
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,190,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Ashgrove
</td>
<td valign="top" width="64">
4060
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,190,000
</td>
</tr>
</tbody></table>
A five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-hamilton-125169226" target="_blank">12 Whyenbah Street</a>, Hamilton (above) has been listed for auction.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-hamilton-125203158" target="_blank">2 Windermere Road</a>, Hamilton (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/18/2%20Windermere%20Road.jpg" alt="">
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Hamilton the most expensive Brisbane suburb: Investar

<html><body>
Collinsville is the cheapest Queensland locality to purchase a house, according to a recent Investar report.
The property investment firm says that a two bedroom house at Collinsville has a median price of $95,000.
This is followed by Dysart with $99,000 and Mount Morgan with $127,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="93">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="93">
Collinsville
</td>
<td valign="top" width="64">
4804
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$95,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Dysart
</td>
<td valign="top" width="64">
4745
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$99,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Mount Morgan
</td>
<td valign="top" width="64">
4714
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$127,500
</td>
</tr>
<tr>
<td valign="top" width="93">
Charleville
</td>
<td valign="top" width="64">
4470
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$135,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Wondai
</td>
<td valign="top" width="64">
4606
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$159,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-collinsville-121458062" target="_blank">17 Gralton Street</a>, Collinsville (above) sold last year for $55,000, at almost half the median.
</body></html>

Collinsville the cheapest Queensland locality to purchase a house: Investar

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Staff reporter

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