<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Hotspots

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PRDnationwide nominated three suburbs as its 2017 affordable unit hotspots in Melbourne in its Melbourne Property Hotspots: Second Half of 2016 report for the Victorian capital city.
These were Reservoir, Tullamarine and Murrunbeena:
Reservoir
OVERVIEW
Approx. distance from CBD: 12km
 Median unit price $420,000
• 1 Bed Median Price $310,000
• 2 Bed Median Price $416,000
• 3+ Bed Median Price $550,000
Reservoir is located 12 kilometres north of the Melbourne CBD and is poised to become one of the city’s hottest suburbs in coming years.
Near previous and current hotspots, Macleod and Fawkner, it offers impressive rental yields of 4.2% and a low vacancy rate of 1.7%, presenting attractive opportunities for investors.
Similar numbers are mirrored in the Reservior housing market, putting Reservoir in a prime property position.
This is further supported by the $130.8 million invested in development projects for 2016
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-reservoir-124538202" target="_blank">21A St Vigeons Road</a>, Reservoir (above) has been listed for sale for between $400,000 to $440,000.
Tullamarine
OVERVIEW
Approx. distance from CBD: 17km
Median unit price: $398,000
• 1 Bed Median Price $270,000
• 2 Bed Median Price $327,500
• 3+ Bed Median Price $427,500
Tullamarine continues to be a talking point in the property market.
Consistent median sale price growth combined with a strong rental yield of 4.3%, and a vacancy rate under 1%, makes it easy to see why.
Some $32.2 million of projects are planned for the area and commercial enterprises are a key focus.
In fact, $24.8 million is dedicated solely for the construction of new commercial facilities.
The rising demand for housing in the area is being addressed with $4.7 million allocated for new housing projects.
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-tullamarine-124540270" target="_blank">2/87 Mickleham Road</a>, Tullamarine (below) has been listed for sale for $410,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/2_87%20Mickleham%20Road.jpg" alt="">
Murrunbeena
OVERVIEW
Approx. distance from CBD: 13km
Median unit price: $540,750
<ul>
<li>1 Bed Median Price $302,250</li>
<li>2 Bed Median Price $577,750</li>
<li>3+ Bed Median Price $875,000</li>
</ul>
The Murrumbeena unit market has fluctuated in recent times but is set to continue on its current path of increasing annual growth, and its position near previous hotspot, Oakleigh.
At the higher end of the affordable spectrum, Murrumbeena is proving to be worth the extra attention as its vacancy rate is at a low 1.5% (well under the Melbourne rate of 2.7%) and records solid rental yields of 3.8%.
The area is well serviced by both bus and rail, and enjoys good access to nearby shopping centres and cafes.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-vic-murrumbeena-123450398" target="_blank">116/41 Murrumbeena Road</a>, Murrumbeena (below) has been sold for $525,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/116_41%20Murrumbeena%20Road.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Reservoir to be one of Melbourne's hottest unit markets: PRDnationwide

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Continuing the 2015 trend, the Melbourne property market again recorded strong growth in median prices throughout 2016, according to the latest report from PRDnationwide.
Suburbs outside the inner Melbourne ring remained a popular choice for both owner occupiers and investors as they offer an affordable entry point into the Melbourne property market, said the company’s Melbourne Property Hotspots: Second Half of 2016.
These more outer-lying areas continue to gain momentum as private and state funded projects improve connectivity and fuel economic growth, attracting potential buyers.
The North and North Western suburbs in particular are benefitting strongly from this influx of funding, new facilities and economic impetus as their annual property growth continues to climb.
“Melbourne has been the stand-out eastern big-three city in terms of price growth in 2016,” said Tony Brasier, PRDnationwide managing director.
“Major projects and infrastructure construction in mid-outer areas are set to boost these regions even further.”
Click to enlarge:
<a href="https://www.propertyobserver.com.au/images/2017/01/31/melb-1.jpg"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/melb-1.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/melb-2.jpg"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/melb-2.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/melb-3.jpg"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/melb-3.jpg" alt=""></a>
The report focused on suburbs within a 20km radius of the CBD, taking into consideration the following factors:
Sales indicators - median price growth over 2016 and previous years, number of sales, average days on the market, and vendor discounting
<ul>
<li>Rental indicators - median rental price, rental yield, and vacancy rates</li>
<li>Affordability - the average Victorian home loan is $374,993 as at June 2016, which is a decrease of -3.1% over the previous quarter</li>
<li>Project developments commencing in 2016 - commercial, mixed use, infrastructure, industrial and residential. This indicates potential increases in economic and commercial activity, interconnectivity to the key transport routes, the CBD and other major urban business hubs</li>
</ul>
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-ormond-124067486" target="_blank">37 Thompson Street</a>, Ormond (above) has been sold for $1,715,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-ormond-123815938" target="_blank">6 Dunlop Avenue</a>, Ormond (below) was sold for $1,580,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/6%20Dunlop%20Avenue.jpg" alt="">
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Ormond among Melbourne's top house performers: PRDnationwide

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Infrastructure projects are what have brought about spikes in the Darwin property market, according to HTW’s February 2017 update.
While the valuation firm says there isn’t a new large project which is likely to kick start the market, there are a number of smaller projects from the new Territory government, the Commonwealth government and from private enterprise that will simmer the market along.
“Defence projects in Darwin and Tindal, Palmerston Hospital, large retail centres and the Darwin Port with Landbridge will be some of the drivers in the local economy that will flow through to the residential space,” the report says.
“Jobs and employment always encourage residential investment in the Top End.
“We think that Karama and Malak are shaping as two hotspots for 2017.
“Entry level housing in these two northern suburbs is back under $400,000.
“We think that this is an excellent option for first home owners or upgraders coming out of a unit.
“While the property will require some work, it is an affordable alternative to a brand new home in competing suburbs, and whilst we as a society have turned to the brand new, shiny and hottest new thing there is something to be admired about starting with a smaller family project and slowly building from there.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nt-karama-124464894" target="_blank">44 Wearing Crescent</a>, Karama (above) has been listed for $425,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nt-karama-123449526" target="_blank">34 Livistona Road</a>, Karama (below) has been listed for $399,500.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/22/34%20Livistona%20Road-1.jpg" alt="">
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HTW's top Darwin property hotspots for 2017

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The Central Highlands region is starting to look a lot more positive off the back of rising coal prices and increased employment opportunities in the region, according to HTW’s February 2017 update.
The valuation firm says Moranbah is leading the charge with a jump in value up to 20% over the past three months for some market segments.
Clermont is coming second and Emerald in third place where a jump of $20,000 in some segments and movement in some price ranges where there was no activity.
“While coal prices stay up or continue to rise history shows it drives employment and values begin to firm,” HTW says.
“It may surprise some but it’s been five years since the downturn started.”
In 2016, values levelled and 2017 has started off with level to firming values, renewed confidence and employment opportunities.
The Adani project has not commenced construction, but if it does, what is already a strengthening mining sector could see a significant spike in values, HTW says.
“How far values will rise all depends on the strength of local employment generated from the resource sector, but for now it appears we are on the upward property cycle.
“Many say we will never again see the prices experienced in the last boom which peaked in 2011 and 2012 and proved to be unsustainable.
“Are we at the start of a small upward cycle or a big boom? Only time will tell as our market is very sensitive to the coal market which drives our employment.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-moranbah-124575214" target="_blank">11 Menzies Court</a>, Moranbah (above) has been listed for $345,500.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-moranbah-124581402" target="_blank">2/22 Maitland Street</a>, Moranbah (below) has been listed for $189,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/2_22%20Maitland%20Street.jpg" alt="">
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Moranbah and Emerald may be on the cusp of new boom: HTW

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Within the greater Hobart region the suburbs worth watching are Moonah, Glenorchy and Berriedale which are all suburbs within a 15 kilometre drive of the Hobart CBD, according to HTW’s February 2017 update.
The valuation firm says within the $300,000 to $400,000 range, a larger family home can be purchased in these areas consisting of three to four bedrooms and in most cases being constructed of brick veneer with lockup garages.
The size of the houses within this price range would be between 140 and 240 square metres and the land size would range from 500 to 900 square metres.
Kingston is another suburb worth watching throughout the year.
Kingston is located on the southern outskirts of Hobart in the fast growing municipality of Kingborough.
While residents of Kingston have a longer commute to the city, it is a fast growing, well-serviced suburb located between Hobart and the Huon Valley.
The median sale price based on recent sales in this suburb was $388,000.
For this price in Kingston you could expect to purchase an older style 160 square metre home on just under 700 square metres of land.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124790410" target="_blank">10 Maranoa Road</a>, Kingston (above) has been listed for $385,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-kingston-124782670" target="_blank">17 Fraser Street</a>, Kingston (below) has been listed for between $365,000 to $395,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/17%20Fraser%20Street.jpg" alt="">
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HTW's top Hobart property hotspots to watch in 2017

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PRDnationwide’s Hobart Property Hotspots Second Half of 2016 nominated three affordable unit hotspots for 2017.
They included Sandy Bay, Kingston and Howrah.
Sandy Bay
OVERVIEW
Approx. distance from CBD: 2km
Median unit price: $400,000
• 1 Bed Median Price $265,000
• 2 Bed Median Price $370,000
• 3+ Bed Median Price $575,000
Close to Hobart’s CBD, Sandy Bay is often associated with an expensive price tag, however its unit market is an attractive property option.
Although at the higher end of the unit hotspots it has continually displaying sought-after potential during 2016.
Median prices climbed 6.1% from 2015, double the growth of the previous year.
The area is set to have $5.1 million worth of new projects under construction by the end of 2016, adding further foundations for future growth in the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-sandy+bay-124169774" target="_blank">1/16 Chessington Court</a>, Sandy Bay (above) was sold for $407,500.
Kingston
OVERVIEW
Approx. distance from CBD: 12km
Median unit price: $310,000
• 1 Bed Median Price $146,000
• 2 Bed Median Price $281,500
• 3+ Bed Median Price $357,500
Kingston features as both a unit and house hotspot this half year.
The area has shown positive movement over previous years creating confidence in its property market.
This confidence is underpinned by the commitment to improving the area by additional developments valued at $9.3 million.
The project focus is on additional residential stock to the market at a total of $5.5 million.
The further $3.8 million of project developments is shared between a infrastructure and commercial projects.
A three bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-kingston-123509838" target="_blank">1/65 Hutchins Street</a>, Kingston (below) has been listed for sale for $315,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/1_65%20Hutchins%20Street.jpg" alt="">
Howrah
OVERVIEW
Approx. distance from CBD: 7km
Median unit price: $300,000
• 1 Bed Median Price $175,000
• 2 Bed Median Price $290,000
• 3+ Bed Median Price $365,000
Located on the eastern shore of Hobart is the beachside suburb of Howrah.
Enjoying views of the Derwent River and the Hobart CBD this suburb has a lot on offer for its broad range of demographics.
From the many parks with walking tracks to recreation areas and more, Howrah boasts a sought-after living and lifestyle environment.
Recent upturns in sale prices, along with attractive investment returns, extremely low vacancy rate of 0.2%, and solid rental yield of 4.8%, reflect the strong potential of the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-howrah-123846686" target="_blank">2/13 Hance Road</a>, Howrah (below) has been sold for $305,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/2_13%20Hance%20Road.jpg" alt="">
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Sandy Bay unit market prime for the picking: PRDnationwide

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PRDnationwide nominated three suburbs as its affordable 2017 house hotspots in Melbourne in its Melbourne Property Hotspots: Second Half of 2016 report.
Fawkner
OVERVIEW
Approx. distance from CBD: 12km
Median house price: $577,500
<ul>
<li>2 Bed Median Price $535,500</li>
<li>3 Bed Median Price $570,600</li>
<li>4+ Bed Median Price $647,250</li>
</ul>
Fawkner features again as a hotspot in the second half 2016 as this northern suburb of Melbourne continues to produce promising results.
Strong annual growth in median house price over the past year has fuelled interest in the area with developers keen on investing in Fawkner and surrounding suburbs.
Significantly lower vacancy rates than Melbourne (1.1% compared to 2.7%), and healthy rental yields of 3.2% also create an attractive investment environment.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-fawkner-124272382" target="_blank">143 McBryde Street</a>, Fawkner (above) was recently sold for $582,000. 
Deer Park
OVERVIEW
Approx. distance from CBD: 17km
Median house price: $430,000
<ul>
<li>2 Bed Median Price $385,000</li>
<li>3 Bed Median Price $415,000</li>
<li>4+ Bed Median Price $475,000</li>
</ul>
Located west of Melbourne CBD, Deer Park has plenty to offer with an affordable price tag.
The suburb has shown continual growth over the past three years, priming the area to be a hotspot in 2016.
Close to first half 2016 hotspot, Sunshine West, Deer Park is serviced by both train and bus services to the CBD.
Some $96.8 million of project developments have commenced in 2016, with $12.7 million focused on expanding and improving commercial and industrial facilities in the area.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-deer+park-124596282" target="_blank">72 Hatchlands Drive</a>, Deer Park (below) has been listed for sale for between $430,000 to $470,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/72%20Hatchlands%20Drive.jpg" alt="">
Mill Park
OVERVIEW
Approx. distance from CBD: 19km
Median house price: $542,250
• 2 Bed Median Price $400,000
• 3 Bed Median Price $515,000
• 4+ Bed Median Price $600,000
The northern suburb of Mill Park is nestled amongst some of Melbourne's most promising suburbs.
Mill Park offers easy access to the Royal Melbourne Institute of Technology (Bundoora campus) and Mill Park Plaza.
The area is also serviced by bus and is only a short distance to train and tram stations.
Several projects are planned for the area including the Mill Park Community Pavilion aimed at improving facilities for sports, clubs and spectators for an estimated $2 million.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-mill+park-124217830" target="_blank">11 Strickland Avenue</a>, Mill Park (below) was sold for $556,500.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/11%20Strickland%20Avenue.jpg" alt="">
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Fawkner tipped as a Melbourne housing hotspot: PRDnationwide

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The Sydney property market experienced "more sustainable" median price growth throughout 2016, according to the latest report from PRDnationwide.
Since 2015, the city’s median house price increased by 4.3%, indicating continuing steady growth, said the company’s Sydney Hotspots: Second Half of 2016 report.
“Sydney has defied 2016 forecasts by recording continuing growth in house prices, however at more sustainable levels, with the middle to outer ring providing more affordable living options,” said Tony Brasier, PRDnationwide managing director.
Click pictures to open in new window:
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-1.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-1.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-2.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-2.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-3.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-3.jpg" alt=""></a>
The report focused on suburbs within a 20km radius of the CBD, taking into consideration the following factors:
<ul>
<li>Sales indicators - median price growth over 2016 and previous years, number of sales, average days on the market, and vendor discounting.</li>
<li>Rental indicators - median rental price, rental yield, and vacancy rates</li>
<li>Affordability - the average New South Wales home loan, of $443,893 as at June 2016, which is a change of 1.9% over the previous quarter.</li>
<li>Project developments commencing in 2016 - commercial, mixed use, infrastructure, industrial and residential. This indicates potential increases in economic and commercial activity, interconnectivity to the key transport routes, the CBD and other major urban business hubs</li>
</ul>
The Sydney City Council property market has experienced median price growth for houses throughout 2016. Since 2015, the city’s median house price increased by 4.3%, indicating continuing steady growth.
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Woolooware rivals Clovelly among Sydney's top performers: PRDnationwide

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The Sydney unit market was now in a stabilisation phase following substantial additions to supply of new units, according to the latest report from PRDnationwide.
The Sydney Hotspots: Second Half of 2016 report focused on suburbs within a 20km radius of the CBD, taking into consideration the following factors:
<ul>
<li>Sales indicators - median price growth over 2016 and previous years, number of sales, average days on the market, and vendor discounting.</li>
<li>Rental indicators - median rental price, rental yield, and vacancy rates</li>
<li>Affordability - the average New South Wales home loan, of $443,893* as at June 2016, which is a change of 1.9% over the previous quarter.</li>
<li>Project developments commencing in 2016 - commercial, mixed use, infrastructure, industrial and residential. This indicates potential increases in economic and commercial activity, interconnectivity to the key transport routes, the CBD and other major urban business hubs</li>
</ul>
Click to enlarge:
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-1.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-1.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-2.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-2.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/01/31/syd-3.jpg" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/31/syd-3.jpg" alt=""></a>
 
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Manly apartments rank among Sydney's top performing unit hotspots: PRDnationwide

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<div>
Standard &amp; Poor's has placed 25 second tier Australian banks, insurers and buildings societies on negative watch as it becomes concerned about rising household debt and property values.
The change in ratings comes as the agency adjusted its assessment of Australia's economic risk trends from stable to negative. 
While S&amp;P said that growth in debt and property prices would likely moderate, there was a one in three chance that the strong growth would continue, leading to increased risks of a sharp correction that would hurt lenders. 
Among the largest institutions impacted are AMP Bank, Bank of Queensland, Bendigo and Adelaide Bank, Macquarie whose current ratings were placed on negative outlook.
Several other building societies and regional lenders such as Cuscal and CUA also had their ratings outlook revised to negative.  
</div>
<div>The ratings outlooks of the major banks had already been placed on negative outlook because of the action taken on the AAA Australian sovereign rating.</div>
<div> </div>
<div>S&amp;P said that private sector debt as a percentage of GDP had grown to 139 per cent  to 118 per cent in 2012, an average increase of 5.2 per cent while property prices had increased by 5.3 per cent, after adjusting for inflation.   </div>
<div>
"Strong growth in private sector debt (to about 139 per cent of GDP in June 2016 from 118 per cent in 2012, or an annual average increase of 5.2 percentage points) coupled with an increase in property prices nationally (average inflation-adjusted increase for the past four years was 5.3 per cent nationally) are driving the potential increase in imbalances in the economy, in our view.
"Consequently, we believe the risks of a sharp correction in property prices could increase and if that were to occur, credit losses incurred by all financial institutions operating in Australia are likely to be significantly greater; with about two-thirds of banks' lending assets secured by residential home loans--the impact of such a scenario on financial institutions would be amplified by the Australian economy's external weaknesses, in particular its persistent current account deficits and high level of external debt."
The impact of any sharp drop in property prices would be greater on banks, because more than 60 per cent of their loans were for residential property, it said.
</div>
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