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.

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"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."

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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."

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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."

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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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Housing market performance across Newcastle and Lake Macquarie is currently mixed, according to CoreLogic's latest regional report.
On one hand, median values are increasing, up 8.9 percent for houses and 5.6 percent for units over the 12 month period ending June 2016.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%209.54.22%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%209.54.22%20AM.png" alt="">
Transaction activity, however, is lower on a year-on-year basis, with just over 300 less homes transacting over the year to May 2016.
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Despite less sales activity across the market, homes are selling faster than they were one year ago, with houses typically transacting 61 days after first being advertised for sale, compared to 65 days one year ago and units moving from 61 days last year to an average of 59 days currently.
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<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%209.54.39%20AM.png" alt="">
Across the two product types, rental rates are moving in the opposite direction, with house rents up year-on-year, while unit rents have softened.
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j.ballantyne1990-6AQqhLzZaK

Low activity in housing markets of Newcastle and Lake Macquarie: CoreLogic

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Apartments in Melbourne, the Gold Coast, Newcastle and the NSW Central Coast are at the peak of the market in August according to the latest Herron Todd White's property clock for units - a simple broad brush means of indicating where property prices are.
Units in Newcastle, the NSW Central Coast and the Gold Coast were at market peak in July according to HTW.
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<img src="/images/2016/08/16/Screen%20Shot%202016-08-16%20at%2012.34.18%20PM.png" alt="">
HTW said there are a number of applications before Newcastle Council for multi storey unit developments (primarily residential in nature).
"The total number of units proposed within these applications is projected to yield approximately 2,800 in total of varying sizes and price points," HTW said.
"This projected supply will continue stimulating the local economy from a building perspective (assuming they all commence), however after this period there is the real possibility that there could be an oversupply. This scenario occurred recently with the last unit building boom of circa 2003 and 2004.
"The over supply of units at that time took a number of years to trickle through the market place. "
In relation to the Gold Coast, HTW said houses and duplexes are definitely still the most sought after however we have noticed a stabilisation of duplex values and consider that a large portion of the growth has already occurred. 
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jonathanchancellor-7SQnKwU6yx

Melbourne, Gold Coast, Newcastle apartments at market peak: HTW

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The NSW Central Coast house market is peaking along with Melbourne and Newcastle, according to the August property clock from Herron Todd White.
HTW's monthly report found Newcastle and Lake Macquarie suburbs sustained periods of growth for residential property over the last two years, despite new release subdivision in Fern Bay, Cameron Park and Fletcher.
Houses in Melbourne, the NSW Central Coast, Dubbo and QLD's Gold Coast were at market peak in July, according to Herron Todd White.
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<img src="/images/2016/08/12/Screen%20Shot%202016-08-12%20at%2011.14.33%20AM.png" alt="">
"There are also smaller estates dotted throughout Newcastle and in particular Lake Macquarie, with Catherine Hill Bay and Trinity Point at Morisset adding to the available stock," HTW said.
"This can be put down to a number of factors including incentives for rst home buyers to build, interstate migrants coming from the more expensive Sydney market and speculative out of town investors looking to add to their rental portfolios. 
"Demand for residential properties within close proximity to the beach is one of the major drivers in the Melbourne market.
"This can be seen by the high prices at which properties are sold in suburbs along the south eastern coastline such as Brighton, Elwood and Hampton. Brighton’s median house price is $2.715 million, Elwood’s is $1.9 million, while Hampton’s is $1.765 million. 
"NSW's Central Coast has seen a sustained period of growth and demand for real estate, which has nothing to do with the recent amalgamation of the former Gosford City and Wyong Shire Councils into one big Local Government Area – the ingeniously named Central Coast Council, but everything to do with price and proximity.
"When broken down a little further, the diversity of property seen on the coast covers all wants, tastes and needs at pricing levels which are more than favourable to those seen in the Sydney metropolitan area and it’s just a short drive up the M1 Motorway to Sydney.
"First home buyers make up a big part of the economic base on the coast."
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Newcastle, Melbourne, NSW Central Coast houses at market peak: HTW

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The Hunt Hospitality group has added Newcastle’s Duke of Wellington hotel to its growing portfolio of Hunter region properties in a deal valued at around $8.5 million.
The Hunt family are long time hoteliers who currently own the Kent and CBD Hotels in Newcastle.
The Duke of Wellington has been added to their portfolio by way of private sector syndication – in a similar fashion to Maitland’s The Rutherford Hotel, which was acquired earlier this year.
CBRE Hotels negotiated the sale in conjunction with Knight Frank.   
The Duke of Wellington is situated in the Newcastle suburb of New Lambton. Established in 1932 and known by locals as The Duke, the hotel is regarded as one of Newcastle's premier hospitality venues. 
CBRE National Director Daniel Dragicevich said the sale price and yield achieved reflected the strong appetite for non-metro hotel assets, given the limited availability of quality Sydney stock.
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Hunt Hospitality secures another Newcastle pub, The Duke of Wellington

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What will $500,000 buy you in Newcastle if you are an investor or a home buyer? Property valuation firm Herron Todd White has sought to answer this question in its July 2016 residential market report.
"The past year has seen an influx of Sydney and overseas buyers calling Newcastle home, well at least, the address is here. For whatever purpose, whether it be an investment, to reside in or just a place to park money for a bit, the activity has driven prices up in this once coal driven city," write HTW.
The first home owner market is still thriving with young Australians continuing to pursue the dream of owning their own home and with government incentives still available for home and land packages, Morisset ticks a lot of the boxes - close to the M1 for Sydney commuters, within half an hour of major shopping at Tuggerah and Glendale, an array of builders and still under the $500,000 mark. The downside is that blocks are smaller than average, and you’ll get to meet you neighbours regularly when you’re hanging out the washing, so ideal for young families.
Closer to Newcastle and if investment or down sizing is the intention, then look no further than Mayfield. Mayfield has that inner city vibe without the inner city price tag. A neat and tidy three-bedroom, two-bathroom home fetches a modest sale that is close to amenities and transport. If you play your cards right, you could even have enough change for a cup of fancy coffee at one of the new cafes on the main drag. In some cases you could even get some cake to go with it.
One of Lake Macquarie’s hidden gems is Jewells. A purpose-built suburb in the 1970s, most homes are brick and sturdy due to the design covenants enforced at the time of construction. What that means now is that a solid family home is pretty much ready to move into after a lick of paint and a trailer load of agapanthus from nearby Bunnings.
"Jewells has seen growth of around 26.3% in the past year, so you need to be quick because that ship has almost left the dock. If investment is your goal, then land is a quick way to make a profit. You could even buy two blocks and on sell if you don’t intend to build."
There are parts of Nelson Bay that are worth considering - West Wallsend, Gillieston Heights and Cessnock are all on target for further investigation and due diligence, the HTW report noted.
"So wind your windows down, take a drive, absorb the vista and get your cheque book ready. Happy hunting!"
As an illustration, Property Observer found a recently sold three-bedroom house in Morisset at <a href="https://www.realestate.com.au/property-house-nsw-morisset-122097614" target="_blank">55 Pulbah Street</a> for $390,000.
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Newcastle ticks many boxes for aspiring home owners in $500,000 range despite influx: HTW 

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Units in Newcastle, the NSW Central Coast and the Gold Coast are at market peak according to the July property clock from HTW.
Coffs Harbour is nearing its peak unit price market.
Sydney is still rising while Canberra is in decline.
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 Apartments in the gold Coast were at the top of the property cycle for last month, according to HTW.
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Newcastle, NSW Central Coast, Gold Coast units at market peak: HTW

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Property developer Miller Property Corporation has plans to build dual towers comprising 197 apartments and retail spaces in inner city Newcastle.
It has filed a development application with Newcastle City Council for its mixed-use project at 464 King Street, Newcastle. 
Occupying 4585 sq metre, the towers will be named Verve Residences, and comprise one, two, three-bedroom residences through to five-bedroom sub-penthouses and penthouse.
Verve’s design will comprise two fan-shaped towers, linked by an internal ‘podium’ space with private recreational areas and gardens. The architectural design is a joint effort between CKDS Architecture and Hill Thalis Architecture + Urban Projects.
Sales are expected to commence from June 4, 2016, said a media release.
Miller Property Corporation’s experience goes back to 1974 with the development of The Castle Tavern but most recently with The Darby (Darby Street, Cooks Hill) and Eclipse (Union Street, Cooks Hill).
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Developer plans for 197 apartment project in Newcastle

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As Australia’s seventh largest city, Newcastle has many fringe residential options for the savvy buyer or investor, according to HTW's latest residential property clock.
The NSW city was also at the peak of the market position on the clock for both houses and units.
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With positive capital growth and increasing values of inner city residential properties, Newcastle’s outer fringe suburbs including Fletcher and Cameron Park have provided investors with improved contemporary options and value for money.
For example, a contemporary four-bedroom and two-garage dwelling on 600 square metres of land in Fletcher may be found for around $550,000, however a dwelling with similar features in the inner suburbs of Newcastle may sell for $800,000 plus. As a result, anecdotal evidence is showing that more families are choosing to live in fringe suburbs where families will enjoy more space, while dwelling capital growth in suburbs such as Fletcher has also been in positive territory for three consecutive years (2013 to 2015).
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Unlike Australia’s larger cities, traffic in Newcastle is rarely problematic and subsequently, suburbs on the Newcastle city fringe allow commuters easy access to CBD-based careers, services and social activities. A trip from Newcastle’s fringe suburbs to the Newcastle CBD may only take 20 minutes, as opposed to Australia’s larger capitals where a similar journey could take at least an hour.
According to the New South Wales Department of Planning and Environment’s Demographics Unit, in 2011 there were 70,750 existing residential dwellings in the Newcastle LGA and 84,150 in the Lake Macquarie LGA. By 2031, this is projected to grow by 24.5% to 88,050 in the Newcastle LGA and 15.3% to 97,000 in the Lake Macquarie LGA. Many of these dwellings will be built in the fringe suburbs of Newcastle where land will continue to be made available for a growing population.
Newcastle’s fringe suburb investments of good quality residential assets will provide sound investments over the long term provided access to the CBD and Newcastle’s service industry remain straightforward and Newcastle’s population continues to grow. 
Of course, with a low buy in price comes affordable rental, so outer edge suburbs usually have reasonable tenant demand too. Traditionally, the gross return is strong compared to those blue bloods closer to the CBD as well. 
Property Observer found a couple of examples of recent sold dwellings on realestate.com.au:
<img src="/images/2016/04/20/newie1.jpg" alt="" width="579" height="368">
1. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-fletcher-122000374" target="_blank">34 Konara Crescent, Fletcher</a> (above) recently sold for $580,000
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2. A two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-hamilton-121439890" target="_blank">7/84 James St Hamilton NSW 2303</a> (above) fetched $385,000
 
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Newcastle's fringes are for the savvy investor: HTW 

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Newcastle occupies the peak of market position on Herron Todd White's latest residential property clock and staying ahead of the gentrification curve can prove profitable to investors, according to the valuation firm.
Newcastle’s persona in recent times has moved from a blue collar, working class port city to a trendy, beach-loving metropolis flourishing with bars, cafes and hip warehouse conversions. 
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Newcastle is witnessing a period of substantial demographic and economic change as economic reliance is diversifying away from coal exports and moving into other economic drivers such as small business, education and professional services. With this change, the social fabric of Newcastle is seeking inner city, stylish living and services as offered in larger capital cities. 
Gentrification is on show in the once industrial parts of Newcastle. Suburbs such as Mayfield, Islington, Wickham, Carrington, Tighes Hill and Maryville are leading this revitalisation. All suburbs are within arm’s reach of Newcastle’s CBD and foreshore, while Newcastle’s world class beaches are not far away. 
Of the residential property under development, apartment living is driving much of the demand
as old industrial sites are reclaimed for trendy 1- to 3-bedroom apartments suitable for today’s working professional. Current anecdotal evidence shows that these are selling quickly. 
Subsequently Newcastle is currently in the midst of an apartment building boom with large numbers of apartments due for completion throughout 2016 to 2017. What prices do over the next 12 months will largely be determined by supply and demand forces. 
With a population of approximately 160,000, Newcastle will continue to witness gentrification first hand and leverage off its Sydney big brother’s appetite for city-based apartment living. After all, Newcastle is only a two-and-a-half hour train ride from Sydney and perfect for those keen to avoid Sydney’s higher living costs, but who still yearn for that trendy skinny latte and swanky city-based lifestyle.
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As an example, a beachside one-bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-newcastle-121630738">503/67 Watt Street Newcastle NSW 2300</a> with harbour views was sold for $445,000 by Raine &amp; Horne recently.
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Newcastle in midst of apartment boom as gentrification continues: HTW property clock

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Cooler investment sentiment may be making its way to Newcastle and the Hunter Valley from Sydney according to Herron Todd White's February Month in Review however hotspots in Newcastle still remain.
HTW note some speculations tip growth rates to exceed Sydney’s, with HTW predicting strength in the local market will remain property located within a five kilometre radius of the Newcastle CBD and within close proximity of the University of Newcastle.
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"Residential property in popular holiday destinations such as Nelson Bay will remain in high demand, however it’s important to remember large external financial events can impact discretionary spending in different ways," the report said.
"Some people may be encouraged to holiday and spend their money locally which benefits local economies, while some people may refrain from holidaying at all until economic conditions improve. Sadly, housing market prospects in the towns dependant on the mining industry do not look like improving in the short to medium term. 
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Williamtown’s contamination issue continues to dominate media headlines and unfortunately for many living within the identified contamination zone, 2016 remains a year in question and we are all hoping for a positive outcome here. 
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