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The Coffs Harbour residential market is going through one of its strongest times, according to Herron Todd White’s recent report.
The property valuation firm says that demand for residential properties in Coffs Harbour is exceeding supply shortening selling periods and increasing values.
“The Coffs Coast is experiencing one of its strongest markets in recent times with demand exceeding supply in many areas which has resulted in shortened selling periods and substantial increases in values.
"Typically it is the affordable price point in the sub $550,000 market which has seen the strongest demand from both owner occupiers and investors, however market confidence has spread through all sectors of the market including rural residential which has seen a recent resurgence in demand,” the report stated.
Factors such as low cost of finance, population and limited stock is driving this growth in the area according to Herron Todd White.
“There are several factors driving the market including low cost of finance, increasing population due to lifestyle benefits for both retirees and families moving from southern regions, infrastructure upgrades in the form of the Pacific Highway, limited available stock for vacant land and diversity of housing product ranging from coastal to rural communities with good access to regional facilities provided at Coffs Harbour.
"To a lesser degree investors are being driven towards SMSF property investment and with the ALP pushing for restrictions on negative gearing, this may be driving investors to enter the market prior to possible changes to tax benefits.
"A major factor in the cooling of the market will be rising interest rates which will dampen long term consumer confidence, however continued population growth should see demand remain strong against the current limited supply.
"Wage growth is also an issue.
"With the exception of the public sector, wage growth and employment are not rising at the same rate as property prices.
"This will affect the affordability of property within regional localities which has traditionally been a major factor in deciding to relocate to regional New South Wales,” the report advised.
A two bedroom villa at <a href="https://www.realestate.com.au/property-villa-nsw-coffs+harbour-125308906" target="_blank">2/12 Pitt Street</a>, Coffs Harbour (above) has been listed for $332,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-moonee+beach-125217646" target="_blank">10A Moonee Creek Drive</a>, Moonee Beach (below) has been listed for $515,000.
<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/2017/05/16/10A%20Moonee%20Creek%20Drive.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-coffs+harbour-125325914" target="_blank">29 Masonary Road</a>, Coffs Harbour (below) was recently sold for $340,000.
<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/2017/05/16/29%20Masonary%20Road.jpg" alt="">
Similarly a two bedroom villa at <a href="https://www.realestate.com.au/sold/property-villa-nsw-sawtell-125256346" target="_blank">2/49 Eighteenth Avenue</a>, Sawtell (below) was recently sold for $365,000.
<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/2017/05/16/2_49%20Eighteenth%20Avenue.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Coffs Harbour residential market the strongest in recent times: HTW

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An apartment in the Stamford Marque building, within the heart of Sydney’s city centre, has been listed for sale.
The modern harbourside residence at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-124954898" target="_blank">161 Kent Street</a> features secure basement parking, indoor swimming pool, conference room and fully equipped gymnasium.
Lifestyle Property selling agent Rohan Alexander is seeking $3.4 million to $3.6 million.
Finished in lavish and chic decor, the 200sqm sub-penthouse occupies half a floor with a large balcony showcasing uninterrupted views of the Harbour Bridge and Darling Harbour.
An open plan living area flows the galley style kitchen, which offers granite worktops, induction cooking, integrated fridge, dual dishwashers &amp; high quality Miele appliances.
The master bedroom has an impressive ensuite, dual basins and a large walk-in robe.
Its two bathrooms have been fitted with marble and granite.
There is an additional guest bathroom plus powder room. The guest bedroom has generous built-ins and there is a study or small third room.
Downstairs there is secure parking for one car plus a cellar or storage room.
A two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-sydney-125138310" target="_blank">1903/127 Kent Street</a> was recently sold for $4.39 million.
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Lavish sub-penthouse listed for sale in Sydney's Kent Street 

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A Victorian-era Stanmore, NSW house has been listed with $2.75 million hopes.
Located at <a href="https://www.realestate.com.au/property-house-nsw-stanmore-125463678" target="_blank">223 Trafalgar Street</a>, the 607 square metre property is one of Stanmore's landmark properties.
It has been owned by Dr Trevor Mount and his wife Mary since 2005.
Offering a multilevel layout that features many formal and casual areas, the property includes traditional verandahs.
<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/2017/05/22/223%20Trafalgar%20Street-2.jpg" alt="">
A separate rear wing is available with additional bedrooms, workrooms and a study.
The property has also been zoned for various business opportunities (STCA).
It also includes off street parking for multiple cars.
The auction is on June 10 through Belle Property agents Michael Field and Robert Clarke.
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Landmark Victorian house in Stanmore listed for $2.75 million

<html><body>
Quest Macquarie Park donated $5,000 to Muscular Dystrophy NSW (MDNSW), a not-for-profit organisation providing services to people living with a neuromuscular condition, as well as their families and carers throughout NSW.
The services they provide are catered to each individual's needs and it works towards enabling them to live a fulfilling life.
Quest Macquarie Park franchisee Shane Anderson was honored to present the donation to MDNSW.
"I am very proud to be able to contribute to an organisation that supports people who are effected by Muscular Dystrophy," he said.
"It’s inspiring to see the work that MDNSW does, addressing social, educational, medical and financial needs of those effected by neuromuscular conditions.
"Keeping such a great charity in operation is of great importance to the entire community – I hope that I can motivate others to join me in ensuring its good work can continue.
"We want to continue to support the local community just as it continues to support Quest Macquarie Park.
"What better way to do so than to donate to a charity that operates in our very own community?"
Muscular Dystrophy NSW general manager Charlotte Sangster expressed her gratitude to Quest Macquarie Park for its donation and commitment to ongoing support.
"Our vision at Muscular Dystrophy NSW is to improve the quality of life for all people living with this devastating condition," she said.
"Quest Macquarie Park’s generous donation will significantly contribute towards making this vision a reality through funding wonderful programs such as children’s camps, adult retreats, sport and recreation programs and essential equipment."
<a href="https://www.questmacquariepark.com.au" target="_blank">Quest Macquarie Park</a> opened its doors in December 2016, boasting 111 Studio, One, Two and Three Bedroom Apartments, over six levels.
Located at 71 Epping Road the new hotel also includes on-site parking, a conference room, BBQ area and gym.
For information or donations to MDNSW please go to <a href="https://www.mdnsw.org.au" target="_blank">www.mdnsw.org.au</a>.
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Quest Macquarie Park donates $5,000 to Muscular Dystrophy NSW

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Burradoo had the greatest decline in housing sale stock in New South Wales, according to a recent Investar report.
The property investment firm says that the number of houses in Burradoo for sale has declined by 65% from 67 to around 23.
This is followed by Middleton Grange and Stanhope Gardens with a 60% drop in offerings and Chipping Norton with 53%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="104">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="100">
Current median price
</td>
<td valign="top" width="70">
Current sales stock
</td>
<td valign="top" width="70">
Sales stock 1 yr ago
</td>
<td valign="top" width="57">
Decline
</td>
</tr>
<tr>
<td valign="top" width="104">
Burradoo
</td>
<td valign="top" width="64">
2576
</td>
<td valign="top" width="100">
$1,495,000
</td>
<td valign="top" width="70">
23
</td>
<td valign="top" width="70">
67
</td>
<td valign="top" width="57">
65%
</td>
</tr>
<tr>
<td valign="top" width="104">
Middleton Grange
</td>
<td valign="top" width="64">
2171
</td>
<td valign="top" width="100">
$800,000
</td>
<td valign="top" width="70">
46
</td>
<td valign="top" width="70">
115
</td>
<td valign="top" width="57">
60%
</td>
</tr>
<tr>
<td valign="top" width="104">
Stanhope Gardens
</td>
<td valign="top" width="64">
2768
</td>
<td valign="top" width="100">
$850,000
</td>
<td valign="top" width="70">
22
</td>
<td valign="top" width="70">
55
</td>
<td valign="top" width="57">
60%
</td>
</tr>
<tr>
<td valign="top" width="104">
Chipping Norton
</td>
<td valign="top" width="64">
2170
</td>
<td valign="top" width="100">
$880,000
</td>
<td valign="top" width="70">
18
</td>
<td valign="top" width="70">
39
</td>
<td valign="top" width="57">
53%
</td>
</tr>
<tr>
<td valign="top" width="104">
Branxton
</td>
<td valign="top" width="64">
2335
</td>
<td valign="top" width="100">
$453,500
</td>
<td valign="top" width="70">
34
</td>
<td valign="top" width="70">
71
</td>
<td valign="top" width="57">
52%
</td>
</tr>
<tr>
<td valign="top" width="104">
Kellyville Ridge
</td>
<td valign="top" width="64">
2155
</td>
<td valign="top" width="100">
$947,500
</td>
<td valign="top" width="70">
25
</td>
<td valign="top" width="70">
52
</td>
<td valign="top" width="57">
51%
</td>
</tr>
<tr>
<td valign="top" width="104">
Wilton
</td>
<td valign="top" width="64">
2571
</td>
<td valign="top" width="100">
$705,000
</td>
<td valign="top" width="70">
18
</td>
<td valign="top" width="70">
37
</td>
<td valign="top" width="57">
51%
</td>
</tr>
<tr>
<td valign="top" width="104">
West Pennant Hills
</td>
<td valign="top" width="64">
2125
</td>
<td valign="top" width="100">
$1,650,000
</td>
<td valign="top" width="70">
32
</td>
<td valign="top" width="70">
65
</td>
<td valign="top" width="57">
50%
</td>
</tr>
<tr>
<td valign="top" width="104">
Hawks Nest
</td>
<td valign="top" width="64">
2324
</td>
<td valign="top" width="100">
$479,000
</td>
<td valign="top" width="70">
28
</td>
<td valign="top" width="70">
56
</td>
<td valign="top" width="57">
50%
</td>
</tr>
<tr>
<td valign="top" width="104">
Laurieton
</td>
<td valign="top" width="64">
2443
</td>
<td valign="top" width="100">
$442,500
</td>
<td valign="top" width="70">
24
</td>
<td valign="top" width="70">
47
</td>
<td valign="top" width="57">
48%
</td>
</tr>
</tbody></table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-burradoo-125193870" target="_blank">30 Hurlingham Avenue</a>, Burradoo (above) has been listed with a price guide of between $1,495,000 to $1,644,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-burradoo-124498070" target="_blank">64b Sunninghill Avenue</a>, Burradoo (below) was sold earlier this year for $1.25 million.
<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/2017/04/19/64b%20Sunninghill%20Avenue.jpg" alt="">
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Burradoo house listings declines by 65%: Investar

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Small Sandy Bay abodes have the highest unit median price growth in Hobart, according to Investar’s latest report.
The property investment firm says that in the past year Sandy Bay’s studio/one bedder unit median price rose by 24 percent from $215,000 to $267,500.
This is followed by New Town with 16 percent from $240,000 to $280,000 and Hobart with 15% from $400,000 to $460,000.
<table border="1"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Bedrooms</td>
<td>Current median price</td>
<td>Median price 1 year ago</td>
<td>Median growth in 1 year</td>
</tr>
<tr>
<td>Sandy Bay</td>
<td>7005</td>
<td>Studio and 1</td>
<td>$267,500</td>
<td>$215,000</td>
<td>24%</td>
</tr>
<tr>
<td>New Town</td>
<td>7008</td>
<td>2</td>
<td>$280,000</td>
<td>$240,000</td>
<td>16%</td>
</tr>
<tr>
<td>Hobart</td>
<td>7000</td>
<td>2</td>
<td>$460,000</td>
<td>$400,000</td>
<td>15%</td>
</tr>
</tbody></table>
 
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-tas-new+town-124716602" target="_blank">4/3 Lissadell Court</a>, New Town (above) has been listed for $239,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-new+town-125035754" target="_blank">5/5 Augusta Road</a>, New Town (below) has been listed for over $285,000
<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/2017/04/27/5_5%20Augusta%20Road.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-tas-new+town-124393566" target="_blank">8/3 Lissadell Court</a>, New Town (below) was sold in March this year for $255,000.
<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/2017/04/27/8_3%20Lissadell%20Court.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-new+town-124416926" target="_blank">1/4 Hildern Street</a>, New Town (below) was sold in February this year 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/2017/04/27/1_4%20Hildern%20Street.jpg" alt="">
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New Town ranks second behind Sandy Bay for unit price growth: Investar

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Bowden has the highest year on year unit median price growth in Adelaide, according to Investar’s latest report.
The property investment firm says that Bowden’s median price for units increased by 24 percent in the last year.
This is followed by Fulham Gardens with 19 percent and Adelaide with 17 percent.
<table style="width: 461px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="96">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="98">
Current median price
</td>
<td valign="top" width="83">
Median price 1 year ago
</td>
<td valign="top" width="71">
Growth in 1 year
</td>
</tr>
<tr>
<td valign="top" width="96">
Bowden
</td>
<td valign="top" width="54">
5007
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$435,000
</td>
<td valign="top" width="83">
$349,000
</td>
<td valign="top" width="71">
24%
</td>
</tr>
<tr>
<td valign="top" width="96">
Fulham Gardens
</td>
<td valign="top" width="54">
5024
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$310,000
</td>
<td valign="top" width="83">
$259,000
</td>
<td valign="top" width="71">
19%
</td>
</tr>
<tr>
<td valign="top" width="96">
Adelaide
</td>
<td valign="top" width="54">
5000
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
$699,000
</td>
<td valign="top" width="83">
$597,000
</td>
<td valign="top" width="71">
17%
</td>
</tr>
<tr>
<td valign="top" width="96">
Norwood
</td>
<td valign="top" width="54">
5067
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$420,000
</td>
<td valign="top" width="83">
$360,000
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="96">
Collinswood
</td>
<td valign="top" width="54">
5081
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$317,500
</td>
<td valign="top" width="83">
$275,000
</td>
<td valign="top" width="71">
15%
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-bowden-124812538?listingType=buy" target="_blank">4.03/0 Fourth Street</a>, Bowden (above) has been listed for $433,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-bowden-124586414" target="_blank">Level 3 U4/56 Seventh Street</a>, Bowden (below) has been listed.
<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/2017/04/27/U4_56%20Seventh%20Street.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-sa-bowden-124063674" target="_blank">208/47 Fifth Street</a>, Bowden (below) was sold in February this year for $396,600.
<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/2017/04/27/208_47%20Fifth%20Street.jpg" alt="">
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Bowden scores highest unit median price growth in Adelaide: Investar

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Terrigal recorded the highest housing median price decline over the past five years in New South Wales, according to Investar’s latest report.
The property investment firm says that over this time period, the median price in Terrigal has declined by 47 percent.
This is followed by nearby beach location, Avoca Beach with 37 percent and then Aberdeen with 21 percent.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="84">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="63">
Bedrooms
</td>
<td valign="top" width="113">
Current median price
</td>
<td valign="top" width="87">
5 year decline
</td>
</tr>
<tr>
<td valign="top" width="84">
Terrigal
</td>
<td valign="top" width="64">
2260
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$215,000
</td>
<td valign="top" width="87">
47%
</td>
</tr>
<tr>
<td valign="top" width="84">
Avoca Beach
</td>
<td valign="top" width="64">
2251
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$299,000
</td>
<td valign="top" width="87">
37%
</td>
</tr>
<tr>
<td valign="top" width="84">
Aberdeen
</td>
<td valign="top" width="64">
2336
</td>
<td valign="top" width="63">
3
</td>
<td valign="top" width="113">
$235,000
</td>
<td valign="top" width="87">
21%
</td>
</tr>
<tr>
<td valign="top" width="84">
Singleton
</td>
<td valign="top" width="64">
2330
</td>
<td valign="top" width="63">
5
</td>
<td valign="top" width="113">
$520,000
</td>
<td valign="top" width="87">
20%
</td>
</tr>
<tr>
<td valign="top" width="84">
Queanbeyan
</td>
<td valign="top" width="64">
2620
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$309,000
</td>
<td valign="top" width="87">
15%
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-terrigal-123972286" target="_blank">21/2-10 Duffys Road</a>, Terrigal (above) has been listed for sale.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-terrigal-125335058" target="_blank">64/474 Terrigal Drive</a>, Terrigal (below) has been listed for between $180,000 to $190,000.
<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/2017/04/28/64_474%20Terrigal%20Drive.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-terrigal-124596542" target="_blank">Site 9/474 Terrigal Drive</a>, Terrigal (below) was sold in February this year for $142,500.
<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/2017/04/28/Site%209_474%20Terrigal%20Drive.jpg" alt="">
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-terrigal-123869034" target="_blank">46/2-10 Duffys Road</a>, Terrigal (below) was sold in February this year for $130,000.
<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/2017/04/28/46_2-10%20Duffys%20Road.jpg" alt="">
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Terrigal records NSW's worst five year median price decline: Investar

<html><body>
2016 was a bumper year for the retail investment market on the Gold Coast and early indicators suggest that 2017 should hold its form as well, according to Herron Todd White’s recent report.
The property valuation firm says that retail is currently the strongest of the commercial asset classes on the Gold Coast, following the national trend of being a highly sought after investment for private individuals, SMSFs and syndicates.
However this high demand and reluctance of owners to sell is resulting in a very limited availability of stock and a reduced volume of sales.
"The result is that the yield gap between primary and secondary properties is narrowing," the report stated.
Some notable sales in 2016 include:
• Reedy Creek Shopping Centre, anchored by Woolworths, 5.8 percent;
• Moo Moos Steakhouse, a strata retail restaurant at Broadbeach, 6.2 percent;
• 7/11 and McDonalds at Palm Beach, 6 percent; and
• Norfolk Village Shopping Centre (no anchor tenant), 6.9 percent.
This demonstrates that an array of different property types including strata, freehold, national and local (albeit well established) operators are all achieving prices within 110 basis points of each other.
“In terms of looking at the year ahead, we often reference the Ray White January 2017 auction event which is one of the largest commercial auctions of the year.
Nine of the 23 properties sold on or before the auction, with active bidding on all but three of the properties.
All in all, a good indicator that market sentiment remains strong,” the report stated.
But with such a strong head of steam, it is important for investors to critically analyse what they are looking for in an investment, be it capital growth, a steady income stream or the opportunity to value add.
"With yield levels and interest rates at historic lows, further yield compression would appear unlikely.
In fact as the gap between primary and secondary property narrows, the risk of a correction increases for the latter.
A steady income stream is clearly an outcome any investor would be trying to achieve," the report advised.
But the reality is that consumer sentiment can be volatile and property owners are still prone to tenant businesses having periods of good and bad trading.
Securing a property with national tenants will be the best way to decrease this volatility, but it will come at a price.
"As we move into 2017 it will be important for investors to differentiate properties with a higher number of local businesses; this higher risk profile should command a higher investment return.
Value adding is an investment strategy reserved for the more entrepreneurial property owners out there.
The opportunities do not come up often and when they do are commonly disguised as a pretty average investment.
The benefits can be twofold if embarking on such a project - the prospect of increasing rental potential whilst attracting a firmer investment yield on completion to compound capital growth.
Patience and a level head will be keys to success in 2017," the report suggested.
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Resurgence in Gold Coast retail market after bumper 2016: HTW

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Investment in new developments, amenity and infrastructure have bolstered rents in North Sydney despite vacancy increasing marginally, according to Colliers International’s latest Metro Office report.
B Grade net face rents increased an impressive 17.8 percent in the year to March 2017, the highest in Colliers Edge records (since 2005).
"A five per cent reduction in incentives, falling to 20 percent, further drove a significant uplift in net effective rents, increasing 29.6 percent over the last 12 months,” the report stated.
A Grade office property rents continue to remain stable Colliers says.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" alt="">
“Meanwhile, A Grade net face rents remained stable, with the primary driver of an 11.3 percent increase in net effective rents being a 5 percentage point reduction in incentives over the last 12 months to 23 percent.
"Positive net effective rental growth is projected to continue as office supply remains constrained due to hotel and residential conversions, coupled with the Sydney Metro line office acquisitions.
"Approx. 10,000sqm has already been withdrawn with a further 3,000sqm this year to be replaced with the rail line, and a potential 22,000sqm withdrawn for hotel and residential projects by 2019,” the report advised.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" alt="">
Colliers also says that furthermore, tenants from Milsons Point, McMahons Point and St Leonards have also been displaced due to a number of residential conversions.
“This has further benefitted the North Sydney office market, resulting in an uplift in tenant demand and competition for office space.
"In addition to infrastructure developments, the improvement in amenity is also expected to underpin North Sydney’s strong rental growth moving forward, as it offers a good value proposition to displaced tenants from the CBD due to a large number of withdrawals.
"The upgrade of Brett Whitely Place, a new dining precinct located in Greenwood Plaza at 101 Miller, as well as Woolworths opening in 100 Miller Street are expected to assist in solidifying North Sydney as an extension of the CBD,” the report commented.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" alt="">
Total market vacancy increased marginally from seven per cent to 7.1 percent according to the PCA Colliers says.
“A and B Grade vacancy increased but were offset by a substantial reduction within premium stock, from 41.2 percent to 25.2 percent vacancy.
"Looking forward, total market vacancy is projected to fall over the next 12 months to 6.5 per cent due to the aforementioned conversion and infrastructure projects along Miller, Walker, Denison, Arthur and Mount Streets, assuming these displaced tenants will relocate within North Sydney,” the report stated.
The next two years will see the CBD office market tightening according to Colliers.
“Over the next two years, the Sydney CBD market will tighten further driving positive rental growth in that market, and as a result more tenants will consider North Sydney as a relatively affordable alternative.
"North Sydney experienced strong net absorption (27,068sqm) for the six months to January 2017 as tenants relocated from outside market boundaries.
"According to the PCA 19,000sqm of net tenant demand was attributed to tenants relocating from other markets to the recently completed 177 Pacific Highway.
"Jacobs relocated from St Leonards, Leighton Holdings consolidated from 11 buildings across Sydney and Vodafone consolidated from their existing North Sydney &amp; Chatswood offices.
"Goodman Fielder also relocated and expanded their footprint within North Sydney from Macquarie Park to secure 3,700sqm in 40 Mount Street.
"In addition, Channel 9 has officially announced its move to North Sydney from Willoughby, occupying Winten Group’s 1 Denison (60,000sqm) scheduled for completion in early 2020, further proving the returned strength of North Sydney’s office market.
"As a general theme to suburban markets, what will be Channel 9’s old building in Willoughby was sold to Hong Kong-based property investors Euro Property with the intention of developing apartments,” the report commented.
A 68 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502383166">Suite 4, 172 Pacific Highway</a>, North Sydney (above) has been listed for over $675,000.
Similarly a 140 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502184706">12 Ridge Street</a>, North Sydney (below) has been listed for $2.5 million.
<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/2017/05/02/12%20Ridge%20Street.jpg" alt="">
A 125 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502361178" target="_blank">Suite 102, 161 Walker Street</a>, North Sydney (below) was sold in April this year for $740,000.
<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/2017/05/02/Suite%20102%20161%20Walker%20Street.jpg" alt="">
Similarly a 309 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502197646" target="_blank">L1, 73 Walker Street</a>, North Sydney (below) was sold in March this year for $1.75 million.
<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/2017/05/02/L1%2073%20Walker%20Street.jpg" alt="">
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North Sydney office rents bolstered by investments in the market: Colliers

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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