<p><a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.</p>

<p>VIP buyers are now being engaged, with a full public sales launch coming later this year.</p>

<p>Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;</p>

<p>[smartcode_project:default project_id=150489 project_image_fid=371113]</p>

<p>The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;</p>

<p>CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;</p>

<p>“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;</p>

<p>[smartcode_project:default project_id=150489 project_image_fid=371114]</p>

<p>“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;</p>

<p>The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;</p>

<p>Construction is scheduled to commence in September 2026.</p>

<p>[smartcode_project_cta:default project_id=150489]</p>


Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

<p>Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.</p>

<p>Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.</p>

<p>What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.</p>

<p>The appeal is relatively straightforward: flexibility.</p>

<p>Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.</p>

<p>For apartment residents in particular, the system has become increasingly valuable.</p>

<p>Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.</p>

<p>Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.</p>

<p>That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.</p>

<p>Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.</p>

<p>The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.</p>

<p>Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.</p>

<p>Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.</p>

<p>The timing of that expansion aligns with broader changes in Australian shopping behaviour.</p>

<p>The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.</p>

<p>That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.</p>

<p>Parcel Locker systems have increasingly been viewed as part of the long-term solution.</p>

<p>The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.</p>

<p>Now, however, the convenience factor is driving mainstream usage.</p>

<p>For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.</p>

<p>The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.</p>

<p>The Parcel Locker model is also beginning to influence property development itself.</p>

<p>Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.</p>

<p>For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.</p>

<p>That reflects a wider evolution in how residential buildings are designed.</p>

<p>Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.</p>

<p>Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.</p>

<p>What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.</p>

<p>And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.</p>


How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

<p>Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.</p>

<p>Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;</p>

<p>David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;</p>

<p>“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;</p>

<p>Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;</p>

<p>At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;</p>

<p>Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;</p>

<p>Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;</p>

<p>However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.</p>

<p>Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;</p>


Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<p><a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.</p>

<p>The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" /></p>

<p>Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.</p>

<p>The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”</p>

<p>The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.</p>

<p>The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.</p>

<p>The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”</p>

<p>The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.</p>

<p>“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”</p>

<p>From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.</p>

<p>“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”</p>

<p>The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.</p>

<p>“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.</p>

<p>Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.</p>

<p>&nbsp;</p>


Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Adelaide

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<p>A home in the north-eastern Adelaide suburb of Windsor Gardens has been listed for mortgagee sale.</p>
<p>The four-bedroom, two-bathroom home is being offered at $550,000.</p>
<p>Located at 14 Hart Street, the thoughtfully-designed home is set on a 469 sqm block.</p>
<p>Its offerings include a low maintenance yard with a swimming pool and combined spa, and an alfresco entertaining area.</p>
<p><img src="https://www.urban.com.au/images/Screen%20Shot%202020-09-09%20at%202.44.32%20pm.png" alt=""></p>
<p>According to CoreLogic data, the median house price in Windsor Gardens is $468,000.</p>
<p>The property is located less than 10 kilometres to the CBD, vibrant North Adelaide and quality primary and secondary schools.</p>
<p>Boffo Real Estate’s Jimmy Wu and Carlos Carosi hold the listing.</p>
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j.ballantyne1990-6AQqhLzZaK

Mortgagee home in Adelaide's Windsor Gardens listed

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<p>If you're currently looking for a brand new home in Adelaide, here is a round up of some fantastic (and affordable) properties you might like to consider.</p>

<p><em>Click the renders to learn more about each property and if you have any questions or want to find out whether you're eligible for any grants or subsidies, reach out to an Urban Expert via the chat today. </em></p>

<h2>
<strong>1. </strong><u><strong><a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden">354 BOWDEN (STAGE 2)</a></strong></u>
</h2>

<figure><a class="colorbox colorbox-insert-image" href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden" rel="gallery-all" target="_blank" title="354 Bowden. Image supplied. "><img alt="" class="image-article-full-width-580px" height="196" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/354-bowden-stage-2-20-24-gibson-street-bowden-438e9c13ff04c896ea8ba26f693f7e7f_0.png?itok=HkWh4_BI" title="354 Bowden. Image supplied. " width="580"></a>

<figcaption>354 Bowden. Image supplied.</figcaption></figure><p>Bordering a beautiful parkland is the next stage of 354 Bowden, just north of Adelaide CBD. 354 Bowden homes have been designed for low maintenance living and each home features a stunning, open-plan layout. 1, 2 &amp; 3-bedroom homes are available, starting at $375 with an estimated completion of mid-2020. <a href="/buildings/on-the-park-bowden-20-24-gibson-street-bowden"><u><strong>Enquire here</strong></u></a>. </p>

<h2><b>2. <a href="/buildings/hyde-park-place-248-unley-road-hyde-park"><u>HYDE PARK PLACE</u></a></b></h2>

<figure><a href="/buildings/hyde-park-place-248-unley-road-hyde-park"><img alt="" class="image-article_full_width_580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/hyde-park-place-248-unley-road-hyde-park-662ca0e34b856f773aee17fb24b6113e.jpg?itok=_UV3iSt9" title="Hyde Park Place. Image supplied. " width="580"></a>

<figcaption>Hyde Park Place. Image supplied.</figcaption></figure><p>The latest development to be delivered by Citify, is Hyde Park Place. Apartments within this complex are already 90% sold due to high demand. Hyde Park Place also include a resort-style amenity centre called Cloud Nine, where residents can utilise the state-of-the-art gymnasium, sauna, spa and swimming pool. Construction is underway with completion slated for late 2021. 2-bedroom homes start at $575,000. <a href="/buildings/hyde-park-place-248-unley-road-hyde-park"><u><strong>Enquire here</strong></u></a>. </p>

<h2><b>3. <a href="/buildings/penny-place-17-penny-place-adelaide"><u>PENNY PLACE</u></a></b></h2>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/ieBZfmQWM_4" width="660"></iframe></p>

<p>Designed by the award-winning architects at Woods Bagot, Penny Place is set to become a popular new apartment development in the heart of Adelaide, with unrivalled views and intuitive floor plan layouts. Construction of the 152 apartments has now commenced, with completion expected for June 2021. Two bedroom homes are selling now from $575,000. <a href="/buildings/penny-place-17-penny-place-adelaide"><u><strong>Enquire here</strong></u></a>.</p>

<h2><b>4. <a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north"><u>QUAYVIEW ON ADELPHI</u></a></b></h2>

<figure><a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north"><img alt="" class="image-article_full_width_580px" height="268" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north-cd6552da737a0ba82ccb4e2feaef5dd9.jpg?itok=PXfI9eA5" title="Quay on Adelphi. Image supplied. " width="580"></a>

<figcaption>Quayview on Adelphi. Image supplied.</figcaption></figure><p>Looking for a home with spectacular water views, stunning interior design and a fantastic location? Look no further than Quayview on Adelphi. Perfectly situated in Glenelg North, Quayview on Adelphi offers luxury coastal living from just $375,000. 1, 2 and 3-bedroom configurations are available, with completion slated for early 2022. <u><strong><a href="/buildings/quayview-on-adelphi-22-23-adelphi-terrace-glenelg-north">Enquire here</a></strong></u>. </p>

<h2><b>5. <a href="/buildings/east-end-adelaide-293-297-pirie-street-adelaide-sa-5000"><u>EAST END</u></a></b></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east-end-293-297-pirie-street-adelaide-29296812de655ac54b30ba636aed9417.jpg" rel="gallery-all" title="East End. Image supplied. "><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/east-end-293-297-pirie-street-adelaide-29296812de655ac54b30ba636aed9417.jpg?itok=CQYb7akW" title="East End. Image supplied. " width="580"></a>

<figcaption>East End. Image supplied.</figcaption></figure><p>East End apartments offer stunning panoramic vistas of Adelaide city, parklands and hills, which can be viewed from your private balcony. Each home features high end fixtures and finishes, with floor-to-ceiling glazing and stunning timber flooring. Free furniture packages are available for a limited time. 2 &amp; 3-bedroom homes are selling now and priced from $447,000. Construction is slated for completion by the end of the year. <a href="/buildings/east-end-adelaide-293-297-pirie-street-adelaide-sa-5000"><u><strong>Enquire here</strong></u></a>.</p>

<h2><b>6. <a href="/new-apartments/botaniq-95-hackney-road-hackney"><u>BOTANIQ</u></a></b></h2>

<figure><a href="/new-apartments/botaniq-95-hackney-road-hackney" target="_blank"><img alt="" class="image-article_full_width_580px" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/botaniq-95-hackney-road-hackney-929beb0f86da28f9079acc2b6d58d9a8.png?itok=Pv15plYx" title="Botaniq. Image supplied." width="580"></a>

<figcaption>Botaniq. Image supplied.</figcaption></figure><p>Designed by local architecture firm JPE Design Studio, Botaniq draws cues from the site's former Hackney Hotel, preserving its grandeur and iconic facade. Within the development will be 27 apartments over three levels, two storey sky lofts, seven 3 storey townhomes off Richmond Street and 8 two storey townhomes off Bertram Street. Anticipated completion of the development is mid-2021. Botaniq homes start at just $375,000. <a href="/new-apartments/botaniq-95-hackney-road-hackney"><u><strong>Enquire here</strong></u></a>.</p>

<h2><b>7. <a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair"><u>CLOVER TOWNHOMES</u></a></b></h2>

<figure><a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair" target="_blank"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/clover-townhomes-294-st-clair-avenue-st-clair-7aebfd95b45e6a62d4cc4a02ad8e1729.jpg?itok=c-G_hSj5" title="Clover Townhomes. Image supplied. " width="580"></a>

<figcaption>Clover Townhomes. Image supplied.</figcaption></figure><p>Looking for somewhere to move to immediately? Clover Townhomes are built and move-in ready. Situated overlooking a tranquil St Clair lagoon, these homes have been thoughtfully designed for longevity and low-maintenance living. Secure your new home today with a $10,000 deposit. Only 19 3-bedroom homes available and selling now from $449,000. <a href="/buildings/clover-townhomes-294-st-clair-avenue-st-clair"><u><strong>Enquire here</strong></u></a>.</p>
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Olivia Round

7 popular properties in Adelaide under $750k that are selling now

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<p>The median Adelaide rental yield has fallen slightly, according to the CoreLogic June 2020 quarterly rental review.</p>
<p>House yields in the South Australia capital sit at 4.2% (down from 4.3% 12 months ago), and unit yields sit at 5.3% (down from 5.4% 12 months ago).</p>
<p>The current combined median yield (for all property types) is 4.4%, down from 4.5% 12 months ago.</p>
<p><img src="https://www.urban.com.au/images/2020/7/29/cap%20cities%20yield.png" alt=""></p>
<p>This reflects a downturn of 0.2% month-on-month and 0.1% over the quarter.</p>
<p>For renters, this translates to a median rental price of $397 ($410 for houses and $343 for units).</p>
<p><img src="https://www.urban.com.au/images/2020/7/29/cap%202.png" alt=""></p>
<p>In the 12 months to June, rental yields fell across seven of the eight capital city markets. Perth was the only exception.</p>
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Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review 

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<p>The Makris Group is set to divest two Adelaide retail assets, including Rundle Mall’s City Cross Shopping Centre and office complex fronting Grenfell Street.</p>
<p>The offering will also include the North Adelaide Village neighbourhood shopping complex and an adjoining site at 85-87 O’Connell Street.</p>
<p>CBRE’s Simon Rooney and James Douglas have been appointed to steer the sale campaign on behalf of the Makris Group, South Australia’s largest privately-owned retail property group. </p>
<p>The the Makris Group has a large, diversified portfolio across retail, commercial and maritime sectors.</p>
<p>Mr Rooney said the properties, which will be offered for sale individually or in-one-line, were expected to generate significant interest. </p>
<p>“Investors will be attracted to the location of City Cross within Adelaide’s tightly held CBD, and the affluent locale of North Adelaide Village,” Mr Rooney added. </p>
<p>The City Cross Shopping Centre (pictured above) and office complex is the largest of the two offerings, providing a gross lettable area of 10,512sqm.</p>
<p>The centre offers extensive frontages to Rundle Mall – the retail heart of the Adelaide CBD and Grenfell Street, the city’s core commercial address for corporate and Government tenants.</p>
<p>The thriving CBD centre includes anchor tenants Harvey Norman, Rebel Sport and Australia Post, alongside 57 specialty tenancies, including a highly productive food offering.</p>
<p>Mr Rooney noted that City Cross provided the opportunity to acquire a major retail CBD holding, with multiple mixed-use development opportunities. </p>
<p>The existing centre services an expansive metropolitan trade area population of over one million, a worker population of 117,600 and a visitor market of over eight million per annum.</p>
<p>The trade area retail expenditure pool is $15.1 billion, including $7.9 billion in the primary trade area. </p>
<p>Rounding out the portfolio is the thriving North Adelaide Village Shopping Centre and the adjoining 85-87 O’Connell Street. </p>
<p>Situated just 3km from the CBD, North Adelaide Village is in one of Adelaide’s most affluent catchments, in close vicinity to the redeveloped Adelaide Oval and revitalised Riverbank Precinct. </p>
<p>The main trade area population of 32,370 is projected to increase to 41,320 persons by 2036, reflecting average annual growth of 1.4% per annum. </p>
<p>The centre benefits from a diverse tenancy mix and a focus on convenience, lifestyle, service and fresh food. It is anchored by a strong performing Romeo’s Foodland on a long-term lease until 2033 with a further 25-year option, alongside a Goodlife Gym, 34 specialty tenancies and four office tenancies.</p>
<p>The corner site offers future mixed-use development potential of up to six-storeys – subject to the relevant council planning approvals.</p>
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South Australian billionaire Con Makris to sell high profile retail portfolio

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<p><span>Historically the South Australian market has lagged behind the east coast markets which have shown signs of decline since late March, according to the latest Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm presented an 'investor playbook' of real estate performance within each service area this month. </span></p>
<p><span>The report notes throughout the month of July, South Australia remained community transmission free of COVID-19. </span></p>
<p><span> At the time of writing, one new case has been recorded since 29 June which has been linked to a resident returning from quarantine in Victoria, the report noted. </span></p>
<p><span>Even as restrictions ease, the labour market has remained subdued with the South Australian unemployment rate increasing from 7.9 per cent </span>in May to 8.8 per cent in June which is now the highest in the country.</p>
<p><span>As at 30 June, CoreLogic’s Home Value Index indicated the metropolitan market remained 2.04 per cent up on the same period 12 months ago, however has seen a 0.19 per cent contraction month on month.</span></p>
<p>"Considering the most recent market data and east coast market direction, it appears that the South Australian market could be entering the initial stages of a downward cycle.</p>
<p>"At this stage the decline has only been slight and will be monitored closely in the short to medium term," the valuation firm said.</p>
<p><span>Broadly, national investor activity has been in decline throughout 2020. May data released by the Australian Bureau of Statistics indicates that investor loan commitments nationally are 11.9 per cent down year on year and 15.6 per cent down month on month. </span></p>
<p><span>The report notes the level of uncertainty surrounding COVID-19 has been a major deterrent to investors entering the market.</span></p>
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<p><span>"Depending on proximity to the CBD, the investor market has historically been driven by rental returns within the outer ring and capital growth within the middle and inner rings. </span></p>
<p><span>"Gross yields of six to nine per cent are common within the established suburbs in the outer ring," the valuation firm said. </span></p>
<p><span>Advertised rents range from $250 to $350 per week with median house prices ranging from high $100,000s to high $300,000s. </span></p>
<p>Representative of typical investor stock is the June sale of <a href="https://www.realestate.com.au/sold/property-house-sa-morphett+vale-133187922" target="_blank">140 Elizabeth Road, Morphett Vale</a> (pictured below) for $240,000.</p>
<p><span> <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/2020/8/10/morphett%20vale.jpg" alt=""></span></p>
<p><span> Post settlement this property was immediately let at $350 per week, generating a gross yield of 7.58 per cent.</span></p>
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<p><span>Popular within the outer ring are multiple occupancy properties, typically comprising former housing trust maisonettes.</span></p>
<p><span> Providing its purchaser with multiple options was the sale of 4 and 6 Knighton Road, Elizabeth North, which recently </span>achieved a sale price of $350,000.</p>
<p>The property comprised two individually titled four-bedroom maisonettes with a combined land holding of 1,653 square metres.</p>
<p>The dwellings had previously been let at $260 per week, suggesting a gross yield of 7.72 per cent.</p>
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<p><span>Rental returns within the inner and middle rings are eroded as values increase and achievable rentals reach a ceiling. </span></p>
<p><span>Advertised rents range from $400 per week and cap out at $1,200. </span></p>
<p><span>Median price levels vary through the inner and middle rings ranging from the mid $400,000s to $1 million plus.</span></p>
<p><span> The high value to low rental ratio produces gross yields of three to five per cent. </span></p>
<p><span>Investors are typically seeking out capital growth with holding income being an added bonus. </span></p>
<p><span>The report notes suburbs which have achieved increased levels </span>of capital growth in the March quarter year on year include West Lakes Shores (25.41 per cent), Colonel Light Gardens (15.41 per cent), Athelstone (13.89 per cent) and Flinders Park (5.34 per cent).</p>
<p>Capitalising on the strong market activity within West Lakes Shores were the vendors of 24 McDonald Grove who purchased the property in August 2018 for $900,000.</p>
<p>The property was cosmetically renovated and sold for $1.105 million in December 2019.</p>
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<p><span>Higher density flat dwellings are popular with sophisticated investors given the multiple income streams and entry price point.</span></p>
<p><span><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/2020/8/10/kent%20town%201.jpg" alt=""></span></p>
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<p>The inner eastern suburb of Kent Town has seen two significant multi occupancy transactions in the past 12 months, being <a href="https://www.realestate.com.au/sold/property-unitblock-sa-kent+town-132842114" target="_blank">1-9/4-6 Wakefield Street </a>(pictured above) which achieved a sale price of $2.325 million and <a href="https://www.realestate.com.au/sold/property-unitblock-sa-kent+town-131894478" target="_blank">1-10/21 Wakefield Street </a>(pictured below) which achieved a sale price of $2.62 million.</p>
<p><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/2020/8/10/kent%20town%202.jpg" alt=""></p>
<p>These properties comprise nine and ten units respectively across two levels of multiple accommodation.</p>
<p>The sale of 1-9/4-6 Wakefield Street was advertised with a gross rental of $130,000 suggesting a yield of 5.6 per cent.</p>
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<p><span>Strata units provide an affordable entry price point for those making their first foray into the market. These properties can be seen as a steppingstone and provide a forced savings style of investment for younger investors. </span></p>
<p><span>Capital growth can be limited whilst gross yields can be eroded by additional </span>fees and charges associated with strata levies.</p>
<p><span>For a typical 1970’s cream brick strata unit, gross yields fluctuate around five per cent. Selling for $261,000 and let at $275 per week is the recent transaction of 6/11 Shipsters Road, Kensington. </span></p>
<p><span>The </span>unit comprises two bedrooms and one bathroom and is located on the first floor of a two level strata complex. The sale indicates a gross yield of 5.47 per cent.</p>
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<p><span>"The South Australian market has historically provided purchasers a more stable option to the larger metropolitan markets around Australia.</span></p>
<p><span>"Investors should have confidence in the South Australian market in the medium to long term, being cushioned from the COVID-19 fallout," the valuation firm said. </span></p>
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Adelaide property market enters downward circle: HTW residential 

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<p>A large scale industrial and logistics distribution centre in Adelaide has been purchased by Primewest for $22 million.</p>
<p>The sales reflects a yield of 6.54%.</p>
<p>Paul Tierney, Gavin Bishop and Sean Thomson of Colliers International listed the 19,020 square metre facility in Salisbury South, on behalf of Tarranganda Pty Ltd.</p>
<p>It was sold with an existing lease to Border Express - a third-generation, family business, which has occupied the property as the sole tenant in excess of ten years.</p>
<p>"Amidst the current Covid-19 health crisis, the focus for investors has now become the occupancy, tenure and covenant solvency for well-located, income producing industrial real-estate", said Gavin Bishop, Head of Industrial Capital Markets for Primewest.</p>
<p>"Given the low interest rate environment and robust underlying fundamentals of the Australian industrial and logistics market, accompanied by the weight in capital chasing defensive industrial investment product, we have seen continued demand from investors domestically and out of Asia, Europe and America."</p>
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Adelaide logistics facility sells for $22 million

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<p>Members of the Hells Angels joined onlookers and two registered bidders for the auction of the Clarence Gardens property at 2 Albert St.</p>
<p>It had been listed with a price guide of $550,000.</p>
<p>Despite interest from buyers in the lead up to the auction — including developers and individuals looking to retain the home — the property failed to sell under the hammer.</p>
<p>There was a single bid of $500,000.</p>
<p><span>Selling agent Stuart Costello, from Magain Real Estate, secured its sale shortly </span>after for $535,000.</p>
<p>“Interest for the property has been strong and has come from all over. In fact, one of the bidders here today was looking at doing some micro brewing, which I think would be awesome."</p>
<p>“Other people were looking at it from a warehouse point of view, but most were looking at demolishing and then rebuild and develop that way.”</p>
<p>The commercial zone property, with its heavily fortified front fence, was home to the notorious gang’s Adelaide southern chapter for several years.</p>
<p>The property also includes a gym and a workshop.</p>
<p>The Advertiser wrote while media were banned from entering the property on the day of auction, photos on realestate.com.au show the property has been somewhat “de-bikied” but there were still several nods to its owners remaining.</p>
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Hells Angels clubhouse at Clarence Gardens sold after passing in at auction

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<p>Adelaide was one of only three cities to record house price growth over the June quarter.</p>
<p>It pushed the city’s house prices to a record high of $553,036.</p>
<p>Unit prices did, however, slip by almost $10,000 over the June quarter. </p>
<p><img src="https://mcusercontent.com/b16c0b957ea98f662ab985606/images/ac4c1516-3aa3-40b4-a686-21aec5bae5f9.png" data-imagetype="External"></p>
<p><em>June 2020 QoQ change for Adelaide house and unit prices</em></p>
<p>“Adelaide was one of only three cities to record house price growth over the June quarter, along with Hobart and Canberra. While it was a modest 0.2 per cent lift, this has pushed house prices to a record high of $553,036. This is a better outcome than the other capital cities that plunged into declined, reinforcing the stability of the Adelaide housing market even amid the economic fallout of COVID-19. However, unit prices slipped 2.9 per cent over the June quarter, reversing part of the strong growth recorded over the first three months of the year, to $319,266.”</p>
<p>“Low interest rates, unprecedented government stimulus and extended mortgage repayment relief measures have sheltered house prices from any substantial falls to-date. A pullback in buyer and seller activity throughout the height of the lockdown also helped. Economic headwinds could still disrupt Adelaide’s market stability, with weak employment prospects a persistent thorn in the economy which will heighten due to health crisis. However South Australia is less reliant on international tourism than other states and more reliant on interstate tourism. Once borders reopen, the state could benefit from the increase in Australians taking holidays locally.”</p>
<p>“The outlook for residential property has improved vastly in recent weeks. Sentiment towards housing and the purchase of a home has bucked the overall more negative sentiment around the broader economy. South Australia had one of the biggest improved sentiment towards the time to buy a dwelling which reached a six-month high nationally. Affordability is clearly front of mind of mind for prospective buyers, with Adelaide offering one of the lowest purchase prices of all the capitals as well as offering buyers a great lifestyle. Demand could be increased by Australia’s success in dealing with the global pandemic compared to other countries, making it an attractive destination to reside, particularly towards lifestyle regions,” said Domain Senior Research Analyst, Dr Nicola Powell.</p>
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Adelaide house prices reached a record high this quarter: Domain

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<p><span>Over the March quarter, Adelaide saw an increase in the portion of loss-making resales, with 10 per cent of properties seeing a nominal decline in the sale price, according to CoreLogic's Pain and Gain March Quarter 2020 report. </span></p>
<p><span>This is a reversal of the trend seen in the December quarter, where loss- making sales had seen a consistent decline since September 2019.</span></p>
<p><span>Despite the increase in loss making sales, there were still pockets of the Greater Adelaide region where over 90.0 per cent of properties yielded a nominal gain. These include Tea Tree Gully, where 95.1 per cent of properties saw a profit, based on a typical hold period of 11.2 years. The median gain in the area was about $116,000.</span></p>
<p><span><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/2020/7/10/19_Adelaide%201.jpg" alt="" width="550" height="362"></span></p>
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<p>Source: CoreLogic Pain and Gain March Quarter 2020 report.</p>
<p><span>The lowest portion of profit making sales across Adelaide was in the City of Adelaide. 22.8 per cent of sales in the quarter saw a decline in the resale price, based on a median hold period of 9.0 years, and typical losses were $30,000.</span></p>
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<p><span>The Adelaide dwelling market faces some headwinds in terms of persistently high levels of unemployment, which has only been worsened by the onset of social distancing measures in response to COVID-19. As of May 2020, South Australia continued to see the highest rate of unemployment of the states and territories, at 7.2 per cent.</span></p>
<p><span>Low interest rates and strong rental yields across the Adelaide dwelling market have continued to support growth in the Adelaide property market, which was up 0.7 per cent in the June quarter, but momentum in the growth rate has been slowing over time. The incidence of profitability in resales is likely to slip further over the coming months, until the lifting of social distancing measures sees a material improvement in the labour market.</span></p>
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<p>Source: CoreLogic Pain and Gain March Quarter 2020 report.</p>
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Adelaide saw an increase in loss-making resales: CoreLogic Pain & Gain

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<p><span>On the back of strong market activity in the latter part of 2019, the market has remained resilient under exceeding pressures, generating a 0.4 per cent increase in dwelling values in May, according to the latest Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. </span></p>
<p><span>The report notes since 22 April, South Australia has recorded only two new COVID-19 cases, both of which were imported.</span></p>
<p><span>With tight border security and strict social distancing measures implemented early, the state has essentially eradicated the virus locally.</span></p>
<p><span> Social distancing restrictions have continued </span>to ease and from 29 June, venue capacities will be increased to one person per two square meters without a limit on capacity. This has been positive news for the labour market after the unemployment rate climbed to 7.9 per cent in May.</p>
<p><span> Auction data for the week ending 21 June indicated a clearance rate of 65 per cent from 41 auctions; at the same time last year, the clearance rate was 53 per cent from 106 auctions. </span></p>
<p><span>The data suggests that stock levels are low as vendors remain reluctant </span>to dip their toes back into the market whilst buyer activity remains strong.</p>
<p>"Agent feedback supports this trend with many reporting limited stock but buoyant sales activity over the past four weeks," the valuation firm said. </p>
<p><span>The most recent CoreLogic data suggests that the tide however could be turning. </span>In the second week of June, the Hedonic Price Index suggested property values in South Australia have entered the initial stages of a decline cycle. This data will continue to be reviewed in the short to medium term to gain a greater understanding of where the market is heading.</p>
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<p><span>The report notes in a market with a median house price of $480,000, a lazy $700,000 goes a long way. This price point is considered to be representative of the middle and inner rings where suburban median house prices range between $600,000 and $800,000. </span></p>
<p><span>"Owner-occupiers and cashed up investors are most active at this price point with low interest rates making a $700,000 purchase more accessible to the broad market," the valuation firm said. </span></p>
<p><span>Gross yields of four per cent are typical at this price level, which is considerably below the seven to nine per cent achievable in the outer ring. What this market lacks in rental return is made up for in capital gains as the inner and middle rings have historically been the best performing for capital gains.</span></p>
<p><span>Turn of the century character dwellings are considered the best performing property type at this price point, the report noted. </span></p>
<p><span>Properties of this nature are forever exceeding expectations when it comes to achievable price levels, are popular with the rental market and provide the greatest prospects for capital growth over the long term.</span></p>
<p><span>Well serviced suburbs within the inner portion of the middle ring, five to seven kilometres from the CBD, are considered to provide the best prospects for growth at this price point in the long term. </span></p>
<p><span>Prospect to the north, Felixstow to the north-east, Cumberland Park to the south and Lockleys to the west have the attributes fitting the required mould.</span></p>
<p><span>Prospect is located five kilometres north of the Adelaide CBD and is characterised by early 1900’s dwellings on a mixture of allotment sizes ranging from low to high density. </span></p>
<p><span>The suburb runs north-</span>south and has a number of sub markets. Price levels can vary street by street with the most noticeable differential being the portion of the suburb located north of Regency Road.</p>
<p>The suburb is serviced by the Prospect Road retail and food and beverage precinct and is located in close proximity to the northern Adelaide Parklands.</p>
<p>Prospect has seen strong growth over the past four years and currently has a median house price of $710,000, the report noted. </p>
<p>Characterising this price point is the sale of <a href="https://www.realestate.com.au/sold/property-house-sa-prospect-133353898" target="_blank">36 Da Costa Avenue </a>(pictured below) which achieved a sale price of $685,000 after an eight week marketing campaign.</p>
<p><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/2020/7/13/prospect%20.jpg" alt=""></p>
<p>This property provides a well presented and updated brick bungalow disposed as three bedrooms and one bathroom on a 500 square metre allotment.</p>
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<p><span>Felixstow is located 6.5 kilometres north-east of the Adelaide CBD and is characterised by 1950’s to 1970’s brick dwellings on medium to low density allotments. </span></p>
<p><span>The suburb is currently going through a period of urban renewal kicked off by the sale of 83 housing trust homes in late 2018. This suburb is located in proximity to the Marden Shopping Centre </span>and Klemzig O-Bahn Busway interchange.</p>
<p>Of most appeal to this suburb is the recently refurbished Felixstow Reserve and proximity to Linear Park. Felixstow has a current median house price of $600,000.</p>
<p><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/2020/7/13/flexistow%201.jpg" alt=""></p>
<p>Selling for $695,000 and $701,000 respectively are: <a href="https://www.realestate.com.au/sold/property-house-sa-felixstow-132517970" target="_blank">5 Kapoola Avenue</a> (pictured above), a development site comprising a single level brick dwelling on 850 square metres; and <a href="https://www.realestate.com.au/sold/property-house-sa-felixstow-133351886" target="_blank">38a Laver Street</a> (pictured below), a circa 2016 four-bedroom, two-bathroom dwelling on 440 square metres, representative of the property types available at this price level.</p>
<p><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/2020/7/13/felixstow%202.jpg" alt=""></p>
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<p><span>Cumberland Park is located six kilometres south of the CBD and is characterised by early to mid- century dwellings on medium to large allotments. This suburb is located in proximity to a number of major transport routes providing direct access to the CBD, Adelaide Hills, Fleurieu Peninsula and metropolitan beaches.</span></p>
<p><span> The report notes the suburb has become popular with young families and has a current median house price of $713,000. </span></p>
<p>The sale of<a href="https://www.realestate.com.au/sold/property-house-sa-cumberland+park-133277574" target="_blank"> 6 Narinna Avenue </a>(pictured below) for $730,000 is representative of this price level. The property comprises a partially renovated circa 1960’s cream brick dwelling disposed as three bedrooms and two bathrooms. The property has well landscaped yards and a land area of 734 square metres.</p>
<p><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/2020/7/13/cumberland%20park.jpg" alt=""></p>
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<p><span>Established in the mid 1950’s, Lockleys is located seven kilometres west of the CBD and comprises a mixture of mid to late 19th century homes and newer infill development. Henley Beach Road intersects the suburb, providing direct access to both the CBD and metropolitan beaches.</span></p>
<p><span> Located adjacent to Kooyonga Golf Club and sharing </span>its northern boundary with Linear Park, the suburb has historically been popular with older professionals.</p>
<p>Price levels can vary between the northern and southern portion of the suburb, which has a current median house price of $650,000.</p>
<p>Both 10 Kingswood Crescent and 31A Lorraine Avenue, which achieved sale prices of $710,000 and $715,000 respectively, are representative of the infill development occurring.</p>
<p>Both properties comprise single level detached dwellings disposed as three bedrooms, two bathrooms and a double garage on 400 square metre allotments.</p>
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<p><span>"With low stock levels, demand at this price point should remain resilient in the short to medium term. This should provide confidence for both vendors and purchasers looking to throw their hats into the ring whilst navigating through COVID-19 turbulence," the valuation firm said. </span></p>
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Developments

New apartments

New townhouses

News