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

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

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

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

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

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

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

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

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

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

<html><body>
<div>
A "process glitch" was the cause of the "administrative error" in the NSW government land title registry in October.
It meant wrong information was provided to more than 500 property buyers.
These Sydney homeowners could receive compensation for a state government land registry bungle.
In October, coincidently just before the closing date for expressions of interests to buy the NSW Land and Property Information registry, it was revealed the Central Register of Restrictions did not provide accurate information properties in Claremont Meadows along the proposed F6 motorway and Werrington Arterial project near Penrith in Sydney's west.
Some of these home in Sydney's southwest could be flattened. 
"The investigation by PwC found the error occurred because the process for uploading files from Roads and Maritime Services (RMS) into the CRR has, since its establishment in 2009, been informal, inconsistent and lacking in governance and review mechanisms," Minister of Finance Dominic Perrottet said. 
"All of the investigation's recommendations are being adopted and new processes and controls are being implemented to address the long-standing process weaknesses."
</div>
<div>Of 140 property purchases thought to have been misled, only 20 properties were directly affected, though none of those properties would have to be acquired for road projects, Mr Perrottet said. </div>
<div> </div>
<div>During investigations, the government found a further 377 properties had also been given wrong roadworks information in early 2014 with the majority outside the designated route and are not directly affected by its construction.</div>
<div>
Mr Perrottet said the registry is now up to date with information relating to Roads and Maritime Services interests. 
</div>
</body></html>

jchancellor-FAypfDUnLy

Compensation could follow review into Claremont Meadows F6 land title process glitch 

<html><body>
The NSW government is bracing for a slowdown in Sydney's property market, as Treasurer Gladys Berejiklian​ released the government's half-yearly budget review.
It shows the government expects a surplus of almost $4 billion this financial year.
But the review cautions about the continued strength of the property market.
Residential stamp duty increased by 19 per cent in 2014-15, and by 13.4 per cent in 2015-16.
<div>
<div id="adspot-300x250-pos3" data-google-query-id="CPSt1urv79ACFUmCvQodjYgKSQ">But Ms Berejiklian's budget review, released on Tuesday to Fairfax Media, predicts stamp duty will grow by an average 4.8 per cent per year over the next five years.</div>
<div data-google-query-id="CPSt1urv79ACFUmCvQodjYgKSQ"> </div>
<div data-google-query-id="CPSt1urv79ACFUmCvQodjYgKSQ">The government raised almost $6.3 billion in stamp duty in the financial year to the middle of 2016.</div>
</div>
The government has resisted calls to lower or reform stamp duty.
Laing+Simmons Managing Director Leanne Pilkington warns the revenue party may soon be over, as more and more people simply can’t afford to move.
"The exorbitant cost of stamp duty in NSW is the most significant barrier to the purchase of property in this state," Ms Pilkington says.
"This is because for many people it’s cheaper to stay put and renovate than move, reducing the amount of stock on the market, irrespective of the number of new developments springing up in certain areas.
“Stamp duty is one of the most significant influences on property price growth in NSW. It contributes to fewer listings, so transactional activity suffers, and the flow-on impacts are felt down the supply chain: household goods suppliers, homewares retailers, white goods manufacturers, the list goes on,” Ms Pilkington says.
</body></html>

NSW stamp duty receipts set to fall for Treasurer Gladys Berejiklian

<html><body>
New South Wales has modernised its strata laws to reflect the realities of 21st Century living.
The laws come into effect on 30 November 2016, and are expected to set the pace of change for the industry as a whole, according to property services company, PICA.
Among the new legislation are relaxed requirements for attending general and committee meetings and voting.
Owners can now use conference calls and video conferencing to participate in meetings, removing the need for proxies.
Greg Nash, managing director and group CEO, PICA, said, investor owners who don’t live in or near their property will now be able to participate in meetings more easily without the expense and inconvenience of travel. They can keep a better eye on their investment and be more involved in decision-making.
“For strata managers being able to use modern technology to communicate will increase productivity and efficiency, enabling urgent matters to be addressed offsite if necessary," he said.
"Plus, the challenges of coordinating schedules become less of an issue since investors no longer have to travel for meetings."
The new legislation also changes how meeting notifications are sent. Currently, meeting notices must be sent via post or, if there is already a by-law in place, they may be sent by email. The postal address must be located in Australia, making foreign investment tricky. When the new legislation takes effect, by-laws will no longer be necessary for meeting notices to be sent by email. This makes it simpler for people to keep track of notices.
Greg Nash said some people still prefer post and that will remain an option.
"These new laws are simply taking advantage of the way communications technology can streamline processes. Most people prefer to communicate via email for greater convenience,” he said.
"The need to accommodate the varying ways people prefer to attend meetings means strata management companies may need to invest in new technology. This could include video conferencing or unified communications solutions, for example.
"PICA has invested heavily in a property services online platform that offers options for people to communicate in the way that suits them. It also includes a self-service capability so that owners no longer have to contact the strata manager to keep informed of repairs and maintenance progress.
“The new NSW legislation sets the pace of change for the industry in a positive way. It raises the professionalism of strata managers and makes it easier for them to look after owners’ interests. The NSW approach is really just the first step; it’s a blueprint for the future.”
</body></html>

j.ballantyne1990-6AQqhLzZaK

Property 101: New NSW strata laws will set the pace of change for the property industry

<html><body>
NSW Fair Trading Commissioner Rod Stowe has reminded owners, tenants, strata and property managers that new strata laws will come into effect next Wednesday, 30 November 2016.
“We’re less than one week out from a significant update to the existing strata laws. These changes will improve strata living for over two million people who own, live or manage strata schemes across the state,” he said.
Key changes include:
Making it easier for owners to complete cosmetic and minor renovations;
Making it easier to hold meetings and vote on decisions using modern forms of communication;
New options for addressing issues of parking, pets and smoke drift;
Ensuring tenants can play a valuable role in the life of their strata scheme;
A new collective sale process enabling owners to jointly sell and/or redevelop their strata scheme, which the NSW Land and Environment Court must ensure is ‘just and equitable’ for the owners.
Commissioner Stowe announced there will be a Strata Hotline ready to take consumer calls.
“With major updates made to the existing strata laws, our Contact Centre Officers who specialise in strata law have been familiarising themselves with the changes to ensure that they are equipped to provide the right assistance and advice,” said Mr Stowe.
Mr Stowe is urging people to become familiar with the new laws as they will impact everyone in the strata community.
In 2015, the Contact Centre received approximately 37,000 strata related enquiries from the public.
More than 33,000 enquiries have been received this year already.
To learn more about strata law reform and how it affects you, visit <a href="https://www.fairtrading.nsw.gov.au/" target="_blank">www.fairtrading.nsw.gov.au</a> or call the Strata Hotline on 1800 214 023.
</body></html>

Property 101: Fair Trading contact centre prepares for strata law reform

<html><body>
Current legislation in New South Wales requires at least one operational smoke alarm on each level of the occupancy which was the case in Queensland prior to new smoke alarm legislation that was announced a few months ago.
Julieanne Worchurst from Smoke Alarm Solutions said New South Wales home owners and landlords are concerned that they too will face the enormous and costly changes to become compliant.
"Following a tragic house fire where a number of people perished a few years ago, legislation has become much more stringent to provide a greater level of safety," she said.
“The additional measures include smoke alarms to be installed in every bedroom of a home by a qualified electrician. They also need to be interconnected with one another so that they all sound when smoke is detected.
"There are currently no plans in NSW for smoke alarm legislation changes, so landlords and home owners don’t need to be too concerned about future additional expense.
“A crucial part of the current NSW legislation forbids tenants to remove the battery or otherwise tamper with the smoke alarms.
"This is to prevent families inadvertently breaking them or forgetting to replace the smoke alarm battery and switch it on.
“Normally, there is no reason for a tenant to tamper with the smoke alarms, and they don’t, but sometimes the alarm starts to sound accidentally (eg when cooking) or it starts to beep, indicating the battery needs to be replaced.
“The only time this is a problem is when it occurs in the middle of the night, a public holiday or on a weekend, when the property manager is not working.  With few other options, families may attempt to stop the alarm sounding themselves. However, under no circumstances should this happen, because of the danger it places on the lives of those who live there.”
“On the other hand, families shouldn’t have to stay awake during the night by a beeping alarm, waiting for the property manager to start work so they can report it."
</body></html>

Property 101: Possibility of New South Wales joining Queensland with new smoke alarm legislation

<html><body>
Sydney buyers have been identified as the purchasers of Gosford apartments through the real estate group Raine &amp; Horne.
“We’ve already sold 32 apartments in a new development at 14-16 Batley Street Gosford, which is five months into the construction phase,” said David Nichols at Raine &amp; Horne Gosford.
“There are only eight off the plan opportunities left, and we expect these to be snapped up fast, especially given their affordable price tags.”
One bedroom apartments start from $355,000, with two bedrooms available from $388,000.
The seven-storey apartment block is being constructed by a private developer, Newbuild Developments Pty Limited, which built the adjacent development at 10-12 Batley Street, Gosford.
“The sale of the first 32 units in quick succession can be attributed to Newbuild’s quality development at neighbouring 10-12 Batley Street, which is enabling buyers and investors to see what they are going to get for their money,” said Nichols.
“Moreover, many off the plan sales trumpeted for Gosford will never see the light of day, so purchasing from a builder such as Newbuild, which has significant local runs on the board, is giving buyers plenty of confidence.”
The NSW government recently released its regional plan for the Central Coast that outlines ways to grow the economy and accelerate housing supply over the next 20 years.
This follows a revision of population growth figures for the region, which indicate that by 2036, the population of the Central Coast will be 415,000, which is bigger than the population of Canberra today.
</body></html>

Sydney buyers securing Gosford development

<html><body>
Broken Hill is the top location with the highest rental yield in NSW for houses, according to Investar’s latest market report
The property investment firm states that at a weekly median rent of $200 investors can expect to receive a yield of 9.90%.
This is followed by Woolgoola with a rental yield of 9.10% and Ballina with a rental yield of 8.75%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="71">
Suburb
</td>
<td valign="top" width="71">
Postcode
</td>
<td valign="top" width="71">
Median listing price
</td>
<td valign="top" width="71">
Weekly median rent
</td>
<td valign="top" width="71">
Rental yield
</td>
</tr>
<tr>
<td valign="top" width="71">
Broken Hill
</td>
<td valign="top" width="71">
2880
</td>
<td valign="top" width="71">
$105,000
</td>
<td valign="top" width="71">
$200
</td>
<td valign="top" width="71">
9.90%
</td>
</tr>
<tr>
<td valign="top" width="71">
Woolgoola
</td>
<td valign="top" width="71">
2456
</td>
<td valign="top" width="71">
$200,000
</td>
<td valign="top" width="71">
$350
</td>
<td valign="top" width="71">
9.10
</td>
</tr>
<tr>
<td valign="top" width="71">
Ballina
</td>
<td valign="top" width="71">
2478
</td>
<td valign="top" width="71">
$213,500
</td>
<td valign="top" width="71">
$360
</td>
<td valign="top" width="71">
8.76%
</td>
</tr>
<tr>
<td valign="top" width="71">
Nambucca Heads
</td>
<td valign="top" width="71">
2448
</td>
<td valign="top" width="71">
$185,000
</td>
<td valign="top" width="71">
$270
</td>
<td valign="top" width="71">
7.58%
</td>
</tr>
<tr>
<td valign="top" width="71">
Deniliquin
</td>
<td valign="top" width="71">
2710
</td>
<td valign="top" width="71">
$140,000
</td>
<td valign="top" width="71">
$200
</td>
<td valign="top" width="71">
7.42%
</td>
</tr>
</tbody></table>
An example would be a two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-121857750" target="_blank">764 Brady Street</a> (above) that is for sale for $110,000.
Similarly a two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-120934397" target="_blank">187 Lane Street</a>  (below) is for sale for $110,000.
<img src="/images/2016/10/24/187%20Lane%20Street.jpg" alt="">
</body></html>

Broken Hill takes top spot for NSW's highest rental yield: Investar

<html><body>
Property NSW, on behalf of Family and Community Services, has listed a further seven properties for sale in Millers Point.
The new listings include two apartment blocks and five terraces:
· 42- 44 High Street – 1 block of four apartments (to be sold as a single property)
· 66 Bettington Street terrace
· 46- 48 High Street – 1 block of four apartments (to be sold as a single property)
· 61 Kent Street terrace
· 15 Lower Fort Street – the last terrace to be sold on Milton Terrace row
· 75 Windmill Street terrace (pictured above)
· 36 Argyle Street terrace
The properties will be sold via auction through McGrath Estate Agents on 30 November.
The new listings follow the sale of 3 and 9 High Street, which sold late last week for $3.28 million and $3.44 million respectively.
105 Millers Point properties have sold so far, delivering circa $287 million for reinvestment in social housing across NSW.
Proceeds from the Millers Point sales program will fund 1,500 new social housing dwellings across the State, with more than 600 new fit-for-purpose social housing dwellings funded to date.
All purchasers of properties in the Millers Point sales program are required to adhere to NSW Heritage Council-endorsed Conservation Management Plans (CMPs), which set out in extensive detail the purchasers’ heritage maintenance obligations and the types of works that are permitted on the properties.
</body></html>

Seven properties at Millers Point for auction

<html><body>
A concentration of growth in the NSW and Victorian economies and in service industries will continue to support occupier demand and outperformance in the Sydney and Melbourne property markets in FY17, according to Dexus Property Group's latest quarterly report.
Key assumptions affecting the near-term outlook include:
NSW and Victoria will solidly outperform other states based on population growth and infrastructure spending. Queensland is forecast to improve, while WA will continue to lag.
<a href="/images/2016/10/28/Figure%201.jpg" target="_blank">Click to enlarge</a>
<ul>
<li><img src="/images/2016/10/28/Figure%201.jpg" alt=""></li>
</ul>
Official cash rate to remain unchanged over the next 6 months with a bias to move lower in 2017.
Residential construction activity is expected to slow and could be a key risk to growth (FY18- FY19) if it slows more sharply than forecast.
<a href="/images/2016/10/28/Figure%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/28/Figure%202.jpg" alt="">
Employment growth is positive, but the rate of growth is slowing with a continued shift from full time to part time jobs.
Service sector activity (such as education, health, IT, tourism and business) will remain a growth driver for the economy. Growth will be higher for small to medium businesses than large businesses.
The property markets of Sydney and Melbourne are forecast to show positive occupier demand over the next 12 months with mixed demand elsewhere.
<a href="/images/2016/10/28/Table%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/28/Table%201.jpg" alt="">
Bond yields are expected to stablise at/near current levels and rise at a slower rate than in the US over the medium term, staying low by historical standards.
Property yields are expected to remain at low levels for a considerable time unless there is an external shock or disruption to capital flows.
</body></html>

Population growth to help NSW and Victoria property outperform: Dexus

<html><body>
Building, construction and carpentry prices across NSW dipped last quarter with the website serviceseeking.com.au suggesting it signalled an early indication the housing market may have peaked.
The cost to hire a carpenter decreased by 8.7 per cent compared to the previous quarter, with building and construction prices also down 5.6 per cent.
“We believe the result suggests an impending downturn in the property market. Fewer property owners and investors are undertaking renovations so consumer confidence might not be as strong as it was last year,” says ServiceSeeking.com.au CEO Jeremy Levitt.
“Investors only renovate for a positive return on investment and if that potential is not there they won’t renovate. Our data shows a relative oversupply of tradespeople to current levels of demand resulting in downward pressure on tradie prices.”
Overall, trade services in NSW across eight major categories have fallen 2.5 per cent quarterly to $59.28. When compared to the Consumer Price Index increase of 0.7 per cent quarterly released today, tradies are feeling the pinch even more.
Of the eight categories in the ServiceSeeking.com.au Tradie Price Index, only one recorded an increase: electricians managed to up their prices by 6.6 per cent in the last quarter despite all other sectors recording downturns.
Year-on-year, a 2.1 per cent decrease was recorded across the eight tradie categories.
The prices were derived by comparing a sample of 52,000 quotes submitted during the FY17 Q1 through ServiceSeeking.com.au, the website for getting any job done from tradies to professional services.
To view price changes across eight popular renovation services around the country, including major capital cities, see <a href="https://www.serviceseeking.com.au/renovations" target="_blank">www.serviceseeking.com.au/renovations</a>
</body></html>

NSW

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

NSW