Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<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/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Newcastle

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There is an increasing trend of Newcastle parents going guarantor for their children to help them enter the property market, according to HTW’s Month in Review: March 2017.  
The valuation firm says while on the surface this all seems very noble of parents to give their kids a helping hand, but they should be aware of the potential ramifications of this tactic.
“This can cause grief in the long run if payments by the children aren’t made on time, interest rates go up or something unforeseen happens in the market,” HTW warns.
“The consequences attached to the security of the parent’s property can be compromised and potentially the parents could lose what they have worked all their lives for.
“This is where due diligence and focusing on areas where the potential for loss can be mitigated are critical.”
The firm says affordable options in the region are disappearing under booming property conditions.
“BIS Shrapnel forecasts put Newcastle’s growth over the three years to 2018 at 15%, so the time to get into the market would appear to be sooner rather than later,” it says.
However, it suggests areas such as Huntlee in the Hunter and surrounding suburbs offer first home owners attractive subsidies in the form of rebates such as landscaping packages, cash back incentives or furniture packages.
“It is easier said than done to find a suitable property under half a million dollars, but in areas such as Belmont, Swansea, Edgeworth, Boolaroo, Cardiff, Toronto, Wallsend and Barnsley and surrounding areas, there is still promise for first home buyers seeking houses,” the report says.
“The unit market is still very reasonable in sought after areas such as Charlestown, Merewether, Nelson Bay areas and New Lambton.”
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-nelson+bay-124832350" target="_blank">3/6 Thurlow Avenue</a>, Nelson Bay (above) has been listed for $399,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-charlestown-124802622" target="_blank">U1/21 Edward Street</a>, Charlestown (below) has been listed for between $385,000 to $420,000.
<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/2017/03/08/U1_21%20Edward%20Street.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-nelson+bay-124710762" target="_blank">11/3 Intrepid Close</a>, Nelson Bay (below) was recently sold for $599,000.
<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/2017/03/08/11_3%20Intrepid%20Close.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-merewether-124733242" target="_blank">4/27 Mitchell Street</a>, Merewether (below) was recently sold for $451,000.
<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/2017/03/08/4_27%20Mitchell%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

HTW warns parents of guarantor downsides in Newcastle

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We are witnessing one of the strongest growth periods that Newcastle has ever experienced, across all price points with blue chip property auction properties having multiple competing bidders, according to HTW's February 2017 update.
The valuation firm says this peak in the market has been a constant over the past 24 months now and with current low supply levels, it sees no early signs of flattening for the early part of 2017.
With substantial infrastructure development, the changing image of a manufacturing town is creating a diverse town offering inner city university, various businesses, ample residential unit development and tourism, the report says.
A few major urban renewal projects either nearing completion or set in stone for the near future are: the new court house, Newcastle Uni development, Hunter Street mall revitalisation and light rail system to open up the harbour and the CBD.
The NSW government also introduced a new public transport system in December 2016, linking bus, ferry and light rail systems.
“Affordable housing is being sought in all suburbs that still have a minimal commute to town,” HTW says.
“Cameron Park, Fletcher, Maryland and West Wallsend are providing newly built residences within 30 minutes’ drive of Newcastle CBD, with current median prices ranging between $520,000 and $700,000.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-fletcher-124441722" target="_blank">6 Weller Street</a>, Fletcher (above) has been listed for sale for between $660,000 to $720,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-cameron+park-123885198" target="_blank">16 Devonshire Street</a>, Cameron Park (below) has been listed for between $500,000 to $550,000.
<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/2017/02/14/16%20Devonshire%20Street.jpg" alt="">
Port Stephens is a enjoying sustained growth and increasing returns after many years of negative growth and over representation of mortgagee in possession sales.  
This area is now experiencing low supply levels for vacant land in particular, with more families looking to relocate for the lifestyle this area offers.
“We expect this growth to continue into 2017 however given this area is heavily reliant on tourism, should the bubble burst, there is higher volatility in such markets.,” says HTW.
HTW says it hasn’t seen any signs of improvement in the mining town of Singleton that will change its commentary in the short term for 2017.
“Mines significantly scaled back investment in 2014 cutting jobs and costs, which trickled through to the entire economy in and around the town,” it said.
“There are a number of mines that have reopened or are planning expansion, with employment opportunities re-appearing.
“However this industry has not recovered and will take well into 2017 before a stronger economy is reflected in house prices.”
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Newcastle in one of strongest property price growth periods ever: HTW

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The total land value for the Hunter region has increased over the 12 month period to 1 July 2016 by 8.7 percent from $118.57 billion to $128.84 billion, according to the latest report from the Valuer-General.
The Report on NSW Land Values at 1 July 2016 found that decreases were experienced in land values in and around the Hunter coalfields due to the downturn in the coal mining industry. Muswellbrook (-5.3 percent), Singleton (-2.9 percent), and Upper Hunter (-3.1 percent) LGAs all experienced decreases.
Residential properties experienced the largest increase in land values with an overall increase of 9.8 percent. Residential land in coastal areas such as Newcastle (13.2 percent), Wyong (12.7 percent), and Gosford (10.2 percent) LGAs saw strong increases. These areas have experienced strong demand, and infrastructure projects like the upgrade of the Central Coast Highway and Hunter Expressway are continuing to have a positive influence on land values.
Commercial land values in the Hunter region increased moderately by 6.6 percent. Renewed interest in mixed use sites allowing high rise residential development had a positive influence on commercial land values in Newcastle (14.3 percent), with strong increases also experienced in Lake Macquarie (13.0 percent).
Industrial land values across the region increased slightly by 3.5 percent. The strongest increase was experienced in the former Wyong LGA (8.7 percent), with the largest decrease in Singleton (-11.3 percent).
Rural land values for the region increased slightly by 3.1 percent. Moderate increases were experienced in larger broad acre holdings. Lake Macquarie showed a strong increase of 10.7 percent, influenced by high demand for hobby farms and rural home sites.
For more information including interactive online land value summaries for all LGAs and 14 regions covering the state go to<a href="https://www.valuergeneral.nsw.gov.au" target="_blank"> www.valuergeneral.nsw.gov.au</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/24/nsw-4.jpg" alt=""> 
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Hunter coalfield towns see falls in land values, but Newcastle residential values up 14 percent: NSW Valuer-General

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Prominent Sydney hotel owner and developer, Iris Group, has paid $39 million for a huge Newcastle site.
It comes with approval for a 55,000 square metre residential, retail and commercial development.
Savills, the selling agent agent, suggests it is one of the most significant property transactions in Newcastle in several years.
It was sold by GPT and Urban Growth NSW.
The so-called East End (Newcastle CBD) Portfolio covers four city blocks and 1.66 hectares of premium land, the majority bordered by Hunter, Newcomen, King and Perkins streets.
The property was recently DA approved by the Joint Regional Planning Panel (JRPP) for 47,800 square metres of residential, 4900 square metres of retail, and 2700 square metres of commercial space.
According to Savills Director Residential Site Sales, Stuart Cox, who managed the marketing campaign with Neil Cooke and Ben Azar, the site offered a vertical village of "the like the City had never seen before."
Iris Group CEO, Sam Arnaout said he was both excited and honoured to have won the opportunity to make a significant contribution to the liveability of the City of Newcastle.
He said while the property’s location and development approval were the most important factors, Newcastle’s surging population growth and concomitant demand for apartments along with the NSW Government’s $500 million commitment to revitalise the Newcastle City Centre were key additional considerations.
The portfolio’s existing improvements include a mix of 25 commercial and retail use buildings with a gross floor area of approximately 23,500 square metres.
They contain 81 tenancies, of which 25 are currently vacant, returning net annual income of $1.15 million.
 
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j.ballantyne1990-6AQqhLzZaK

Newcastle site sold to Sydney developer Iris Group

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Residential Newcastle property owners are tapping into their growing equity to utilise investment opportunities, according to Herron Todd White’s latest market report.
The property advisory firm states that people are drawn to taking on renovation projects due to reality TV programs.
“And why not, given that at any point in the year we are all drawn to watching renovation (reality) TV programs, creating that desire to take on a project from start to finish yourself,” the report stated.
Smaller scale development options can include a minor subdivision of a large residential block, allowing for a second dwelling, granny flat or even a knock down and re-build with townhouses. All are appetizing small scale projects for novice investors," the report suggested.
"In our patch of Newcastle and The Hunter, mum- and-dad investors may have difficulty sourcing an investment opportunity for small scale development within a desired budget.
“Given the stronger property market within the confines of Newcastle itself, turning up to Saturday’s open homes and attempting to get through the front door can only be described as being more hectic than the mosh pit of a 1992 Metallica concert in Alabama.
"We also note that this is the same case across every price point within the region with recent sales of blue chip properties upwards of $3 million,” the report stated.
Higher competition between prospective purchasers ultimately reflects higher sale prices, which will influence the end profitability for the investor.
Given this, investors are currently not evident in the Newcastle market, unless the typical mum-and- dad investor is looking to upsize and can secure a property with re-development potential in the long term.
Around Port Stephens, in particular Colette, Salamander Bay and Nelson Bay where there is low supply in any residential land availability, any block that has the potential to provide additional housing is in high demand.
In areas with continuous expansion of residential development such as Fletcher, West Wallsend, Gillieston Heights and Chisholm, mum-and-dad investors seeking to increase their portfolios are looking to grab the corner or wide frontage block that will allow for a duplex pair to be built.
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Mum and dads speculate with extra accomodation development around Newcastle: HTW

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Warehouse and workshops rents improved slightly during the second half of 2016 in Newcastle, with rental rates ranging from $90 to $110, according to Colliers International's latest report.
Warehouse rents continue to comprise the majority of vacant space within prime industrial locations such as Beresfield, Thornton, Mayfield and industrial suburbs surrounding the Port of Newcastle.
Rental rates are predicted to improve during 2017 due to a recovering economy and the increasing presence of owner occupiers absorbing vacant stock.
Incentives within the Newcastle market are typically associated with the leasing of larger facilities for lease terms greater than three years and range between 8 per cent to 10 per cent of the lease term certain.
The majority of lease deals negotiated during the second half of 2016 in prime industrial areas have featured incentives less than this, with most incentives being experienced for older industrial facilities in secondary and fringe industrial locations.
The current low interest rate environment, a strengthening local economy and stable industrial land values have contributed towards increased enquiry from owner occupiers within the Newcastle industrial market during the second half of 2016 (approximately 15 per cent from Q1 2016).
This increased demand from owner occupiers has resulted in an uplift in values for properties sold with vacant possession.
Colliers International has witnessed properties being listed for lease receiving strong demand from owner occupiers, with circa 60 per cent to 70 per cent of properties listed for lease being sold.
Colliers International expects owner occupiers to continue to dominate enquiry throughout Q4 2016 and Q1 2017.
The higher ratio of owner occupiers to tenant enquiry is highlighted in the following graph.
<a href="/images/2016/10/25/Perth%20H2.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/25/Perth%20H2.jpg" alt="">
Increased demand from owner occupiers capitalising on the historically low interest rates and improving business confidence, has resulted in uplift in values for properties sold with vacant possession.
The most prevalent has occurred within the sub $1.5m price bracket due to affordability for self managed superannuation funds, seeking opportunities within premium industrial locations such as Beresfield, Cardiff, Thornton, Warabrook and inner city locations.
The demand in the investment market for high quality industrial assets in Newcastle, the surrounding Hunter and Central Coast Regions continue to firm.
Small to medium sized facilities are achieving yields ranging from 6.45 per cent for inner city showroom/warehouse facilities in prime locations to 8.52 per cent for larger industrial facilities with strong lease covenants.
Recent notable industrial sales indicate strong demand exists from high net worth investors and self managed funds.
The main attributes these investors are looking for include location, covenant strength, lease term/Weighted Average Lease Expiry (WALE), lease provisions and building age/capital expenditure requirements.
Recent transactions within the Newcastle region from Q1 2016 to Q3 2016 are listed in the table below.
<a href="/images/2016/10/25/Investment%20sales.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/25/Investment%20sales.jpg" alt="">
The Newcastle Region industrial land market is showing signs of improvement reflected in increased enquiry level and demand for larger lot sizes.
Demand for industrial land during the second half of 2016 has steadily improved, primarily driven by owner occupiers looking at site specifics and value for money offerings; however access to labour is also a key driver in the Hunter market.
This has been evidenced with developments by Sandvik at Heatherbrae, WesTrac at Tomago and Bradken in the Steel River Estate at Mayfield West, Aurizon at Hexham and Aldi’s proposed NSW Distribution centre in Beresfield.
Serviced industrial land supply is limited to around four key industrial precincts including Beresfield, Rutherford, Steel River Estate in Mayfield and Cardiff. Supply and pricing as at June 2016 is as follows:
<a href="/images/2016/10/25/Land%20supply.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/25/Land%20supply.jpg" alt="">
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Owner occupiers dominate the Newcastle industrial market

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

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Houses in Dubbo, the NSW Central Coast and Newcastle remain at the top of the latest property clock from analyst firm Herron Todd White.
All three locations were at the peak of the market cycle in September and remain so in October.
Sydney, Melbourne and Adelaide houses are in a rising market.
Gold Coast houses are approaching the peak of the market.
<a href="/images/2016/10/11/Screen%20Shot%202016-10-11%20at%2010.48.05%20AM.png" target="_blank">Click to enlarge</a>
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According to Herron Todd White the price point which most favoured within the Newcastle patch for the 30 to 40 age group of second home buyers and upsizers is between $500k - $700k.
"This demographic of families is purchasing their next home within the price point of approximately $500,000 to $700,000 which will purchase the extra bedroom and second bathroom within the desirable 20 minutes of the Newcastle CBD," HTW said.
"Specifically it is the well performing suburbs of Hamilton, Mayfield, Lambton, Adamstown and Charlestown where capital growth for 2016 is between 5.3 percent and 10.5 percent. 
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"There is a combination of factors as to why this price point and demographic is the most active, which also goes hand in hand with why the Newcastle property market is at peak levels.
"Investors are continuing to experience difficulty entering the market due to lending restrictions, even though there is con dence in property growth. First home buyers are having very little success securing a property as the lower end of the market is also in high demand from the same 30 to 40 years age group of buyers who have the skills and experience to extend and renovate."
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Dubbo, Newcastle and NSW Central Coast houses at market peak: HTW

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Newcastle East takes the top spot as Newcastle's 2016/2017 hotspot for investing in houses with an expected increase of five percent over the next 12 months.
The current median price at Newcastle East is $996,250, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/23/4%20Beach%20Street.jpg" alt="">
An example would be a two bedroom house at <a href="https://www.domain.com.au/4-beach-street-newcastle-east-nsw-2300-2012954057" target="_blank">4 Beach Street</a> that was recently sold for $1,309,000, which is $312,750 more than the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Clarence Town as second best hotspot along with Soldiers Point.
Suburb                  Postcode           Median price           12 month forecast
Newcastle East       2300                  $996,250                             5%
Clarence Town       2321                   $490,000                             4%
Soldiers Point         2317                  $695,000                            4%
Carey Bay              2283                  $435,000                            3%
Wickham               2293                  $525,000                            3%
Islington                2296                  $510,000                            3%
Tighes Hill              2297                  $560,000                            3%
Kilaben Bay            2283                  $600,000                            3%
Cooks Hill               2300                  $775,000                           3%
The Hill                   2300                 $930,000                            3%
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Newcastle East tops list of 2017 Newcastle property hotspots

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Corlette takes the equal top spot as Newcastle's 2016/2017 hotspot for investing in units with an expected increase of four percent over the next 12 months.
The median price at Corlette currently sits at $489,500, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/22/812%20Yawl%20Close.jpg" alt="">
An example would be a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-corlette-105903617" target="_blank">8/12 Yawl Close</a> (above) that was recently sold for $535,000, which is $45,500 more than the median price.
The Smart Investor magazine, published by Fairfax Media, ranked The Hill, Toronto and Cooks Hills as other likely best hotspots.
Suburb                  Postcode       Median price         12 month forecast
Corlette                 2315             $489,500                       4%
The Hill                 2300             $440,000                        4%
Toronto                 2283             $525,000                        4%
Newcastle East      2300              $1,080,000                     4%
Salamander Bay     2317             $402,500                        4%
Cooks Hill              2300             $550,000                        4%
Waratah               2298              $303,000                        4%
Wallsend               2287             $367,000                         3%
Newcastle West     2302              $467,000                        3%
Adamstown           2289              $376,250                        3%
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