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The residential property market in the Illawarra has gone from strength to strength since 2013 with no particular price point or location being left out, according to Herron Todd White’s latest monthly market report.
The property advisory firm said that all purchaser types have been affected, from first home buyers, investors focused on returns to prestige buyers. Demand from buyers has shifted south from Sydney into the Illawarra and even the Shoalhaven has come out of a long market slump.
PriceFinder reports that the most active price ranges for house sales in the Illawarra during the 2016 financial year vary for the different Local Government Authorities. The highest volume of house sales in the Wollongong LGA was 420 sales in the $600,000 to $700,000 range. One example would be a three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wollongong-122458686" target="_blank">96 Rowland Avenue</a> (pictured above) that was recently sold for $620,000.
The most house sales in the Shellharbour LGA was between $400,000 and $500,000 with 292 sales.
Kiama’s LGA has the highest range with 68 sales in the $700,000 to $800,000 range while the Shoalhaven LGA has the lowest with 756 house sales between $300,000 and $400,000.
Affordability and availability is the key to the most favoured price points. When a property is deemed affordable it has the broadest market including first home buyers and mum and dad investors. The more common types of property will also become available to the market more often, leading to higher volumes.
The least amount of activity in the Illawarra is, not surprisingly, the prestige market. While this market has been relatively strong over the past three years, there is still a limited amount of activity, mainly due to a limited amount of supply of this property type to the market.
Prestige properties in the Wollongong, Shellharbour and Kiama LGAs tend to be in the $2 million plus price bracket while this drops to $1.5 million in the Shoalhaven LGA and is limited to beach front or large acreage style properties.
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j.ballantyne1990-6AQqhLzZaK

Illawarra property market strength continues to shine: HTW

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Over 2016, the residential property market in Newcastle and the Hunter has exhibited mixed performance throughout the different areas of Newcastle, Hunter, the Upper Hunter and Port Stephens, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that these locations are in substantially different stages of the property cycle, which could be described as two speed.
Upsizers are the dominant force in the marker, this being the 30 to 40 year age group with not enough room in the current home to accommodate new additions to the family.
The report said Singleton is still experiencing declining prices with little to no positive change expected in the near future.
"There are very little to no investors prepared to lose money, nor could they easily obtain finance if they wanted to," the report said.
Agents have commented that purchasing in the area is limited to a needs only basis with their vendors accepting losses.
Purchasers are upsizing at a discounted price point due to the oversupply of property within the market. The price point for a typical four bedroom, two bathroom home ranges between $400,000 and $500,000. An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-singleton-123245166" target="_blank">19 Benjamin Circuit</a> (pictured above) that is for sale for $459,700. It came on for sale in August at $480,000.
Suburbs surrounding Maitland, including Chisholm, Thornton, Gillieston Heights and Clifftleigh, are experiencing a substantial increase of new residential housing development. This market is seeing a combination of investors competing with first home buyers who can still obtain their grants for newly built residences.
On average a typical newly built four bedroom, two bathroom property would be within a price point of between $500,000 and $600,000.
Herron Todd White notes that Port Stephens leans more towards a specific investor profile.
"Port Stephens, with higher rates of investors and holiday accommodation, is also experiencing high demand for land for new residential development. Agents have stated that purchasers are looking for properties that can be knocked down due to the limited amount of new land available."
The price point which is most favoured within the Newcastle patch is the 30 to 40 age group of second home buyers and upsizers. This demographic is purchasing their next home within the price point of approximately $500,000 to $700,000 which will purchase the extra bedroom and second bathroom within the desirable 20 minutes of the Newcastle CBD.
Specifically it is the well performing suburbs of Hamilton, Mayfield, Lambton, Adamstown and Charlestown where capital growth for 2016 is between 5.3% and 10.5%.
There is a combination of factors as to why this price point and demographic is the most active, which also goes hand in hand with why the Newcastle property market is at peak levels. Investors are continuing to experience difficulty entering the market due to lending restrictions, even though there is confidence in property growth.
First home buyers are having very little success securing a property as the lower end of the market is also in high demand from the same 30 to 40 years age group of buyers who have the skills and experience to extend and renovate.
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Mixed price performances in Hunter, with Singleton still in decline: HTW

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This year has been a strong period for the ACT property market with most Canberra suburbs recording a median price growth, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that active sections of the market include standard housing at the entry level price points in some Canberra fringe and outer suburban locations.
Generally purchasers are looking for large blocks within established suburbs that provide access to good education and employment services.
Entry level price point for this style of housing ranges between $450,000 and $550,000. Most homes within this section of the market provide three and four bedroom accommodation, generally built circa 1975 and in many cases are ready for some renovation and upgrading. An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-queanbeyan-122913366" target="_blank">34 Brereton Street</a> (pictured above) that is for sale for $549,000.
Inner suburban locations in Canberra’s north and south set a higher price point at generally $1 million plus. This section of the market is also relatively buoyant with families looking to move up the property ladder with their second or third purchases.
Again block size, location and proximity to schools and other services are the main drivers. This section of the market ranges from $1 million to around $2.5 million. Market activity for property in the $3 million plus price point is slower, although transactions have still been recorded at the higher levels throughout 2016.
Herron Todd White noted that property prices in medium density areas is impacted by strong supplies.
"Price points in the medium density market range from $250,000 to $300,00 for a one bedroom unit recently constructed in a fringe Town Centre location, to $400,000 to $500,000 for a centrally located unit in Canberra’s inner north or inner south," said the report. "Both investors and owner occupiers are active, however strong supply within the medium density market has had an impact on activity."
With similar results expected for next year, this year’s hottest suburbs include entry level areas on the fringe of the ACT right through to prestige suburbs in Canberra’s inner south.
Domain senior economist Andrew Wilson says that pinpointing the strongest suburbs is trickier in Canberra than it is in other cities.
The nation’s capital is home to a compressed market, with a higher entry point in affordable suburbs and a lower entry point in prestige suburbs, when compared to Sydney and Melbourne, Dr Wilson says.
“When the market rises, it rises as a whole. Most suburbs will record price growth in 2016.”
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Property market in Canberra strong with suburbs recording median price growth: HTW

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Glen Waverley has experienced a considerable slowdown in comparison to this same time 12 months ago, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that this was expected as rapid growth rates were not sustainable and the change in foreign investment rules reduced the number of competing buyers in the market.
"Although those properties located within prestigious school zones are still achieving high market sale prices due to modest competition between local and overseas buyers, it is those secondary properties located outside the school zones which tend to be the slowest," the report noted.
Within Wantirna South, the most favoured price point tends to be between $750,000 and $950,000. For this, buyers can expect to purchase a partially renovated or updated three to four bedroom, two bathroom house on a 600 to 800 square metre block of land. There's also three bedroom house and land package at <a href="https://www.realestate.com.au/property-house-vic-wantirna+south-123796566?listingType=buy" target="_blank">Lot 334 Harcrest Boulevard </a>(pictured above) that is for sale for $758,930.
This particular price point tends to be favoured by more established families and investors, both groups with a heavy Asian influence. Many buyers are attracted to the area because of the high performing schools and proximity to local amenities.
The report noted that outer east suburbs such as Healesville, Upwey and Tecoma tend to be favoured by young families and first time buyers due to the more prominent sale prices of between $500,000 and $550,000.
Herron Todd White noted that these kinds of properties, although large, tend to be in need of renovations due to their old original condition.
"These properties, although generally quite large, tend to be in their original condition and in need of updating," the report said. "Interestingly however, weatherboard properties tend to fetch a premium in comparison to their brick veneer counterparts, with purchasers favouring this style."
Herron Todd White observed that properties in Croydon that are up to five years old are preferred by buyers.
"With the increasing number of subdivisions occurring or which have occurred within recent years, properties in Croydon which are either new or up to five years old tend to be preferred by purchasers. Similar to other suburbs, families are the predominant purchasers, however retirees looking for a home which requires minimal maintenance and upkeep are also favouring these new units.
"Furthermore the suburb is considered as more leafy than its neighbours which again suits both sets of purchasers."
The price point in Croydon most favoured tends to be between $650,000 and $720,000 and for this buyers can expect to secure a three bedroom, two bathroom townhouse with approximately 150 square metres of living.
In contrast the $1 million to $1.2 million range is perhaps the slowest. The number of properties in Croydon which sit within this price range is limited and those which do come onto the market can take some time to sell, the report said.
HTW suggested buyers of such properties tend to be local residents looking to upgrade to a larger home, however, similar to the outer eastern suburbs, at this price point weatherboards are favoured and tend to sell much faster.
The $1 million plus price seems to be the key pulling factor preventing more sales from proceeding. Purchasers at this price range also have neighbouring suburbs such as Ringwood and Ringwood East to consider, both of which are closer to the Melbourne CBD and benefit from their proximity to newly refurbished local amenities.
Relatively affordable homes (roughly $400,000) in the newer estates in Melbourne's south east are in hot demand.
"This demand typically comes from first home buyers, investors and downsizers," the report said.
"For this price, a new or recently built three or four bedroom home can be purchased depending on the quality of finish.
"Many agents are reporting that their biggest problem at the moment is finding new listings.
"Once they have the listing, the house practically sells itself. According to one agent in Officer, an existing home recently sold within three hours of it being listed on the market."
HTW noted there are still rural lifestyle properties located in parts of Officer that haven’t been overtaken by new estates and some of these sales fetch over $1 million.
However these properties are not in high demand and take far longer to sell.
Buyers in this market commonly represent older couples and families looking for a location further from the city.
Herron Todd White advised that properties the lifestyle market was slow by contrast: "Representing not necessarily a dead market, but a market not as active as that mentioned earlier. It can be assumed that this is a result of the higher price point and a product that’s not in as much demand as those in the estates."
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Glen Waverley in considerable slowdown: HTW

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A retail freehold in the key Centre Road, Bentleigh shopping strip has sold for $2.025 million under the hammer.
Fitzroys agents Chris Kombi and Mark Talbot sold the property on behalf of vendor Ninetieth Ecstasy Pty Ltd, with six bidders on auction day pushing the price $350,000 above the reserve.
The 280sqm site has a triple frontage to Centre Road, Burgess Street and a rear public carpark, and comprises a 250sqm retail building.
Leased to St Vincent de Paul Society under the Vinnies retail banner for 3 x 3 x 3 years, the property currently returns $65,000 per annum plus outgoings and GST.
 
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Triple-fronted Bentleigh retail investment leased to Vinnies sold

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A prime retail location at Surfers Paradise is for sale.
The property at <a href="https://www.realcommercial.com.au/property-retail-qld-surfers+paradise-502126486" target="_blank">3197 Surfers Paradise Boulevard</a> has a land area size of 1.02 hectares.
There is a floor area size of 9,061 sq m retail net over two levels.
It has been marketed as having significant repositioning potential with a variety of redevelopment opportunities available with unlimited height and one bedroom per 13 sq m density allowances.
It has 407 car parking spaces over three levels in the centre of Surfers Paradise.
It is offered through CBRE agents Scott Gray-Spencer and Jonathan O'Brien.
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Prime retail Surfers Paradise location for sale

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There are three competing schemes unveiled for a 215 metre high six-star hotel and apartment building in Pyrmont at the Star Casino.
It is set to rival James Packer's Crown casino and six-star hotel a short distance away at Barangaroo. Grimshaw Architects, BVN and FJMT have all won numerous awards for their innovative designs around the world. The Star Entertainment Group has engaged Hong Kong-based Chow Tai Fook and Far East Consortium to partner in the development, pending all necessary approvals for the project. The world-renowned The Ritz-Carlton is set to operate the hotel upon its completion.
The first Star Casino design from global architects Grimshaw, which commentators suggest merges skyscraper with silo:
<img class="b-lazy" src="https://media.ausbt.com.au/862,793-57fc1503deec4a44861c72e1dd799acd-ritz-carlton-sydney-grimshaw-1000.jpg" alt="">
There is an angular multi-faceted edifice from BVN.
<img class="b-lazy" src="https://media.ausbt.com.au/862,793-57fc15159f244ceb88fe72d0dd799acd-ritz-carlton-sydney-bvn-1000.jpg" alt="">
The most dramatic tower of the trio is FJMT's spiral twist, which some have already suggested looks like an askew stack of silver Star casino gaming chips (top picture above).
"The international calibre and local credentials of our architects will ensure that The Star can showcase its home-grown Sydney character in world-leading ways that befit our city’s global status," says Matt Bekier, CEO of The Star Entertainment Group.
“Our development concept will take The Star's room inventory to more than 1,000, bring The Ritz-Carlton brand back to Sydney, and add a further 20 food and beverage venues."
It opens up the potential for more towers on the peninsula, says the Urban Taskforce.
“The bold designs for the Star Casino’s proposed 215 m high tower should lead to more towers on the Pyrmont peninsula,” says Urban Taskforce CEO, Chris Johnson.
“The Sydney CBD peninsula is looking spectacular with its vertical combination of tall towers and as the city grows this should be balanced by something similar on the Pyrmont peninsula.”
“The new tall hotel at Darling Harbour has already set the precedent for a high-rise urban landscape for Pyrmont and the new Star Casino tower will complement this. We only need to fill in the space between the two towers and an exciting tower cluster could add a new dimension to Sydney.”
“With the White Bay development nearby it is clear that the energy for Sydney’s growth is now emerging on the peninsula to the west of the traditional city centre. It is important that new towers contain a mix of uses including retail, offices, apartments and hotels.”
“All three designs by Sydney architects Grimshaw, BVN and FJMT have great qualities and it will be difficult for the judges to select a winning design.”
The tower is anticipated to be completed within three years once a design has been selected and development approvals have been issued.
The final preferred scheme will be decided by a five-person Design Review Panel.
 Peter Poulet, NSW Government Architect &amp; Executive Director, Office of State Architect
 Lisa-Maree Carrigan, Director, Group GSA
 Craig Allchin, Adjunct Professor of Architecture, University of Technology Sydney (UTS) and Director Six Degrees Urban Pty Ltd
 James Doolan, Regional Vice-President Hotel Development – Asia Pacific, Marriott International
 Greg Hawkins, Managing Director, The Star Sydney
For more information <a href="https://development.star.com.au/" target="_blank">click here</a>.
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Stack of gambling chips as one of 60 storey Star Casino tower prospects at Pyrmont

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The plan for 45 storey towers at Sydney Olympic Park signals a lift in the aspirations for development across Sydney, says the Urban Taskforce.
The Sydney Olympic Park Masterplan 2030 has been released.
It sets the scene for growth across metropolitan Sydney, says Urban Taskforce CEO Chris Johnson.
“The site has been struggling to gain critical mass and the big jump in apartment numbers and in jobs will make it a cosmopolitan bustling centre.”
“To really make the site work a new western metro line that also connected the Bays Precinct, Camellia and Strathfield should be planned to relieve the congested western heavy rail line.”
“The NSW Government must stimulate similar development at other centres like Chatswood and Hurstville where the private sector can find it difficult to obtain uplifts in height and density, rezonings and development approvals. A level playing field is required to ensure all development can proceed in a timely manner rather than favouring government owned land.”
“The suggestion of infrastructure levies at Sydney Olympic Park needs to be carefully managed to ensure that they do not slow down development by reducing the financial feasibility.”
“The 45 storey vision for Sydney Olympic Park now needs to be reflected in the District Plans for Metropolitan Sydney that are due out soon.”
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Olympic towers signal the shape of Sydney’s future development

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Woonona is ranked the NSW location with the fastest selling townhouses, according to Investar’s latest market report.
The property investment firm states that an average townhouse at Woonona can expect to be on the market for 37 days before being sold.
This is followed by Menai and Balgownie both at 46 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Woonona</td>
<td>2517</td>
<td>Townhouse</td>
<td>2</td>
<td>37</td>
</tr>
<tr>
<td>Menai</td>
<td>2234</td>
<td>Townhouse</td>
<td>3</td>
<td>46</td>
</tr>
<tr>
<td>Balgownie</td>
<td>2519</td>
<td>Townhouse</td>
<td>3</td>
<td>46</td>
</tr>
<tr>
<td>Warriewood</td>
<td>2102</td>
<td>Townhouse</td>
<td>3</td>
<td>52</td>
</tr>
<tr>
<td>Cherrybrook</td>
<td>2126</td>
<td>Townhouse</td>
<td>3</td>
<td>52</td>
</tr>
</tbody></table>
 
 
 
 
 
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the fastest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
Low average days on market indicates that the market is turning over stock quickly which may indicate that demand is stronger than supply.
Townhouses for sale at Woonona at the median price of $490,000 include a two bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-nsw-woonona-123583022" target="_blank">5/19 Nicholson Road</a> (above) that is for sale for between $495,000 to $545,000.
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Woonona takes NSW top spot for fastest time to sell a townhouse: Investar

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The former Australian cricket captain Michael Clarke and wife Kyly have reduced their asking price on their redundant Southern Highlands retreat.
They've slashed the price of <a href="https://www.drewlindsay.com.au/property/round-hill-berrima/" target="_blank">Round Hill</a> to $5 million after having initial $6.5 million hopes back in March last year.
They have also changed agents with Drew Lindsay now at the sales crease. 
He's been the selling agent for the Berrima property three times before.
Their $6.5 million price tag seemed a little too ambitious as they bought the sprawling 93 hectare estate for $3.1 million in 2012.
Interior designer Kyly has since added her professional touch and renovations inside the four bedroom house.
A swimming pool and pool house have also been added.
The listing comes with the famous cricket oval, which was the driving force behind the purchase.
Clarke was ready to set up his long-awaited cricket academy, but later opted to do so in the city close to their Vaucluse home.
The Berrima homestead was design by Richard Rowe featuring a conservatory style kitchen.
There's a full sized tennis court and separate self-contained guest studio.
The property also lends itself to equine interests. There's post and rail fencing, shelter sheds, horse stables, cattle yards, a large barn and an open sand arena.
This article first appeared in The Daily Telegraph.
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Michael Clarke drops asking price to $5 million for Round Hill

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

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<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

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"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

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PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

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Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

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Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

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The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

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The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

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The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

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While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

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Staff reporter

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