Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

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Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

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The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<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/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Burwood

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A Chinese developer has purchased a 4,041 sqm landholding for $5,950,000 in Melbourne’s eastern suburb of Burwood.
The property was sold for $1,950,000 above the initial expectations. 
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The site is currently improved by The Box Hill Motel which comprises 23 rooms.
With a lease in place until May 2020, it provides a rental income of $175,534 per annum.  
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Zone General Residential 3, the site lends itself to a range of development outcomes including apartments and townhouses, with the buyer planning on a townhouse project down the track. 
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Savills agents Nick Peden, Jesse Radisich and Benson Zhou, in conjunction with Nelson Alexander, negotiated the deal.
The expressions of interest campaign garnered 48 site inspections, interest from over 160 groups, resulting in 26 offers to purchase.   
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The sale achieved a sharp yield of only 2.95%, as well as a land rate of $1,472 per square metre.  
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“To receive 26 offers to purchase the property, it is evident that buyers are out in force for well-located landholdings with holding income and exceptional development potential,” said Mr Peden.  
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“Through an exhaustive Expressions of Interest sale campaign, Savills were able generate extreme competition from the full range of buyers based locally and internationally with representation from China, Singapore, Hong Kong, Malaysia and USA.”  
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j.ballantyne1990-6AQqhLzZaK

East Melbourne Box Hill Motel sold for $2 million above expectations

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It has taken a year, but the award-winning television dir­ector Peter Andrikidis, who ­directed the first season of Channel 9 crime-drama hit Underbelly, has secured the sale of Wellpark, his long-time Burwood home.
Shared with his wife Sue, the couple have been based at the home since 1993 when they sold in Balmain.
They paid $470,000 for Wellpark, a solid full-brick ­Edwardian near Burwood Park.
The two-level home with front and rear verandas has six bedrooms, dining and sitting rooms and a swimming pool in the private rear courtyard.
LJ Hooker Burwood agent Joe Murania secured the $2.45 million sale.
It had marketed the home as “built to a standard of excellence rarely seen today’’.
The stately residence is on the high side of one of Burwood’s most sought after streets.
Andrikidis has nine AFI Awards including best ­direction for Underbelly season 1.
One of his first works was The Flying Doctors, before he moved on to the ABC’s medical drama series G.P., which earned his first AFI Award.
There was also the police drama series Wildside, and more recently the ABC legal drama Janet King and the medical drama Pulse.
This article was first published in the Sunday Telegraph.
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Award winning Underbelly director Peter Andrikidis sells long-time Burwood home

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An expansive five bedroom two bathroom Federation style Burwood residence is now on the market.
Situated at <a href="https://www.realestate.com.au/property-house-nsw-burwood-129600970" target="_blank">3 Appian Way</a> this 1,676 sqm residence is stated on the listing as a "premium buying opportunity combining a spacious landholding, refined period character and powerful future potential."
Inside, the home has been preserved throughout with high ceilings as well as original fireplaces.
 It's two-level layout features substantial formal lounge and dining areas, an equipped kitchen with bedrooms on the upper level.
<img src="https://www.urban.com.au/images/2018/11/15/3%20Appian%20Way%202.JPG" alt=""> The home is within established grounds with private lawns, landscaped areas, and an in-ground swimming pool plus a poolside entertainment patio. There is also off-street parking for multiple vehicles.
Residents of this holding will gain access to the community-owned Appian Way tennis courts and pavilion. 
Located with access to Burwood shopping and transport hub, as well as all multiple schools schools.
The home last sold for $2.5 million in 2005 and is set for a December 1 auction.
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Federation style residence in Burwood hit's the market

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A residential complex in Burwood in Sydney’s inner west has come to market for the first time in 36 years and is expected to sell for more than $30 million. 
Savills Australia’s Stuart Cox, Neil Cooke and Johnathon Broome have been appointed to manage the expressions-of-interest campaign, saying they expected competitive enquiry from a broad buying pool of investors and developers.
“It’s very rare to be able to acquire an entire block of 26 units in one line so we’re anticipating strong competition,” Cox said.
The complex occupies 3,165 sqm across one title and generates a gross holding income of $725,608 per annum. It is zoned for B4 Mixed Use with an associated floor space ratio of 3:1.
“Currently underdeveloped for an impressive site area of this size, this site presents substantial development upside and holding income,” Cooke said.
“It has a building height limit of 30 metres and potential to construct up to 9,495sqm of gross floor area, subject to council approval.
<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/2018/10/9/burwood2.jpg" alt="">
“Via a redevelopment, the site lends itself to a premium residential flat building (STCA), with excellent views and solar access provided to the majority of apartments.”
Mr Cox said the site’s “prestigious” location in one of Sydney’s most tightly held inner-west suburbs was another key selling point.
“Burwood is a panoramic district, with Sydney CBD and Blue Mountains views on offer via a redevelopment of the site,” he said.
“The property is well serviced by surrounding arterial roads and public transport, with outstanding access to local amenity and close proximity to Westfield Burwood, Burwood Railway Station and MLC School.” 
Cox went on to say that the complex was well positioned within Sydney’s western growth corridor, where transport, housing and economic infrastructure was set to explode to cater to the rapidly increasing population. 
“An extra 420,000 people are expected to move into the corridor between Greater Parramatta and central Sydney in the next 20 years,” he said.
“More than 300,000 new jobs will be created by 2036 across this same corridor; it’s only natural that residential projects will continue to profit throughout this timeframe in response to the influx of residents.”
 Expressions of interest close October 31.
 
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jrobinson-rf4aSBido9

Burwood residential complex for sale through Savills with 26 apartments

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Award winning director Peter Andrikidis, most noted for directed the first season of Channel Nine crime-drama hit Underbelly, has listed Wellpark, the long-time Burwood home he shares with his wife Sue.
The couple have been based at the home since 1993 when they sold their Balmain home for $400,000.
They paid $470,000 for Wellpark, a solid full brick Edwardian near Burwood Park.
The two level home with front and rear verandahs has six bedrooms, stately dining and sitting rooms.
A swimming pool sits in the private rear courtyard on the 520 square metre Gordon Street parcel. 
LJ Hooker Burwood agent Joe Murania said the home is built to a standard of excellence rarely seen today.
Andrikis is Australia's most awarded drama director with nine AFI Awards including Best Direction for Underbelly season 1 and East West 101.
Peter and Sue own a Suffolk Park investment near Byron Bay which they bought two years ago.
Upon their $1,416,000 they sought a $1,200 a week tenant. The three bedroom home was most recently up for rent this time last year for $975 a week.
One of his first commissions was to work on The Flying Doctors, before he moved to the ABC where he worked as a director and producer on the medical drama series G.P, which earned his his first AFI Award.
This was followed by the groundbreaking police drama series Wildside.
In 2001 he was awarded the Australian Centenary Medal in the Queen's New Years Honours List for his services to Australian society and film production.
He has worked with the likes of Sam Neill, Cate Blanchett, Guy Pearce and Simon Baker.
His most recent work has seen him direct ABC drama Janet King and medical drama Pulse.  
This article first appeared in The Daily Telegraph. 
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Award winning Underbelly director lists long-time Burwood home

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A five bedroom in Burwood, one of the most tightly held Federation enclaves in Sydney, has sold for $4.85 million. 
It was sold by Sebastian Bonaccorso and Tony Licastro from Elders Inner West.
The home was motive a heritage offering.
Over a 1,800sqm site with wide 26m frontage and dual circular driveways, <a href="https://www.realestate.com.au/sold/property-house-nsw-burwood-127467846" target="_blank"> the 18 Appian Way </a>home features five bedrooms.
There are a ballroom-size living and dining space, plus kitchen with adjoining casual meals area and family room.
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It also comes with on-site parking for multiple vehicles and boat plus garage and undercover patio/carport.
It is only a short stroll to Burwood shopping, eateries, train station and elite schools.
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Burwood heritage offering sold for $4.85 million 

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A development site in Sydney’s Inner West suburb of Burwood is set to go under the hammer on October 14.
The <a href="https://www.realcommercial.com.au/property-land+development-nsw-burwood-502558998">4 George Street</a> site has an area of 266 sqm and is in a mixed use Development Zone and a maximum building height of 70 metres.
The prime location means there are good growth prospects, particularly with the continued private and government investment in Burwood, says its description.
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The site is a stone’s throw from Burwood train station. 
It also benefits from its proximity to schools and shopping centres.
The site changed hands in 2011 for $580,000, according to CoreLogic RP Data.
The listing agent is Giampaolo Iarossi of Zoom Real Estate. 
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Burwood development site set to go under the hammer

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A proposed development in the Sydney suburb of Burwood to join two adjoining blocks and create around 1,000 new apartments has ben given an endorsement from state planning authorities.
Holdmark Property Group's planning proposal to develop four residential towers, ranging from 20 to 42 levels and an A-grade commercial office building on Wynne Avenue, fronting Railway Parade in Burwood has received a Gateway Determination by the Department of Planning and Environment.
Gavin Carrier, head of development for Holdmark Property Group, said the approvals were a terrific outcome for the growth and advancement of Burwood.
“Our consultant team has worked closely with Council to continually refine and improve our concept to create a really compelling solution for the centre of Burwood and we’d like to thank Council for their professionalism throughout this entire process," he said.
"We believe this project will be the making of Burwood for generations to come and, as the community’s representatives, Council has a very important role to play in shaping that opportunity.
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“The involvement of not one, but two outstanding, multi-award-winning architectural firms has resulted in a magnificent and dynamic design that is not just visually stunning, but we believe really captures the aspirational spirit of the people of Burwood.
“It will be an iconic new landmark to signify the growing importance of Burwood as one of Sydney’s key strategic socio-economic hubs. 
We are now looking forward to continuing to work closely with Council, the community and our existing tenants to put all the necessary approvals in place for the delivery of this fantastic development.
"The project will now move through further consultations and approvals.
“Whilst the realisation of this vision is still subject to several more stages in the consultation and approval process, the positive Gateway Determination is a very important initial milestone to achieve."
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Burwood's future takes shape with new development project

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Residential land values in NSW increased by 11.1 percent to a total of $1.2 trillion in the 12 months to 1 July 2016.
It continued the trend seen in the preceding two years.
The land values were based on the analysis of over 38,000 residential property sales across NSW.
The Sydney metropolitan area experienced the strongest increases. 
Burwood's 37.5 percent rise, parts of Canterbury-Bankstown (previously Canterbury) (25 percent) and parts of Inner West (previously Ashfield) (24.6 percent) recorded the strongest increases in residential land values driven by demand for property with redevelopment potential, close to transport and the Sydney Central Business District (Sydney CBD).
The increases within Burwood were especially around the town centre and along Parramatta Road, where the government has released an urban transformation strategy foreshadowing higher density apartment construction with some parts of Burwood, such as <a href="https://www.valuergeneral.nsw.gov.au/land_value_summaries/lga.php?lga=137" target="_blank">Milton Street</a> parallel to Parramatta Road, seeing land values soar 100% within the year. The highest increases were generally sites allowing residential unit development close to infrastructure, shops and services, also in Homebush, Flemington and South Strathfield where land values increased by around 76 percent.
Land values in the south western growth areas of Campbelltown, Camden, Liverpool and Wollondilly local government areas (LGAs) increased by around 25 percent, and the north western areas of Hawkesbury and The Hills by around 18 percent.
<a href="https://www.valuergeneral.nsw.gov.au/land_values/interactive_portal" target="_blank">The NSW Valuer General </a>noted not all areas increased at the same rate. Residential land values north and south of the Sydney CBD generally showed increases of 10 percent to 15 percent, while values in Sydney’s eastern suburbs (Randwick, Waverley and Woollahra LGAs) all increased by less than 5 percent.
Coastal areas of NSW also recorded moderate increases with residential land values in most areas increasing between 5 percent and 13 percent.
It included the major population centres of Wollongong (7.8 percent) and Newcastle (13.2 percent) LGAs.
There were mixed results in regional NSW with residential land values in most LGAs remaining stable or recording slight increases of up to 5 percent.
Broken Hill and the mining areas of the Hunter (Muswellbrook, Singleton and Upper Hunter LGAs) recorded falls in land values ranging from about 8 percent to 15 percent.
There are now 16 LGAs where the median residential land value is over $1 million dollars - all in the eastern or central parts of the metropolitan area.
The highest median land value is in the LGA of Mosman at $1,840,000, up 12.2% in the year to 1 July 2016, followed by Woollahra at $1,815,000, up 5.5 percent.
The lowest median residential land value is in the Central Darling LGA, $2,400, which increased by 62.1 percent from a low base which results in a large percentage movement.
Land value is the market value of the land only, as if it had sold on 1 July in the valuing year. It does not include the value of buildings or other structures.
In September each year the Valuer General determines new land tax and premium rate thresholds for the coming year.
The requirements for the determination of new thresholds are set out in Division 4A of the Land Tax Management Act, 1956.
The adjustments to the thresholds are based on the annual movement in the average land values of land within residential, commercial, business and industrial zones in NSW.
The rate of change of land values in these zones from 1 July 2015 to 1 July 2016 was determined to be 11.087 percent.
The land tax threshold for the 2017 land tax year was determined to be $549,000 and the premium rate threshold was determined to be $3,570,000.
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Burwood's 37.5 percent rise in land values more than trebles NSW's 11.1 percent overall value jump 

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Maloola estate in Sydney's Burwood has hit the market for the first time in more than two decades.
Built around 1880, Maloola is one of Burwood’s landmark estates on a 1900sqm block.
The seven bedroom, three bathroom home comes with spacious formal and informal living areas.
The home’s original character has been sympathetically restored including ornate marble fireplaces in several rooms, leadlight windows and doors and soaring pressed metal ceilings.
Located at <a href="https://www.realestate.com.au/property-house-nsw-burwood-122170162" target="_blank">12 Clifton Avenue</a>, Maloola is surrounded by established gardens along with a rare circular driveway, which also leads to a triple lock up garage with its own attic rumpus room/studio.
Joe Murania and Fabian Cabrera, agents with LJ Hooker, have the offering which last sold at $580,000 in 1993.
Its renovation and conservation won a 2004 Burwood Council award for James and Sonia Toland. 
 
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