<p>Repeat buyers are one of the strongest measures of confidence in any apartment development.</p>

<p>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.</p>

<p>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.</p>

<p><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></p>

<p>"I had some boxes I wanted to tick," he says.</p>

<p>Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.</p>

<p>“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.</p>

<p>He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356818]</p>

<p>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.</p>

<p>"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."</p>

<p>Today, Keith says the move has completely changed how he experiences Newcastle.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356828]</p>

<p>Beyond the location, he says it's the sense of community that has surprised him most.</p>

<p>"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."</p>

<p>For Aimee and Lyle Goodman, the journey started almost by chance.</p>

<p><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/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe></p>

<p>The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.</p>

<p>"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."</p>

<p>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.</p>

<p>"We actually catch up more as a family now," Aimee says.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356829]</p>

<p>Lyle says their confidence came from GWH's reputation within Newcastle's building industry.</p>

<p>"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."</p>

<p>That confidence only grew throughout the buying process.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351104]</p>

<p>Aimee says one moment stood out.</p>

<p>"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."</p>

<p>The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356822]</p>

<p>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;</p>

<p>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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356826]</p>

<p>For Keith, the appeal remains straightforward.</p>

<p>"You feel at home even before you've moved into your home."</p>

<p>For Aimee, the change is measured in time.</p>

<p>“I just felt like I had more time,” she says.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351102]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=135096]</p>


Joel Robinson

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

<p>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.</p>

<p>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.</p>

<p>"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.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372549]</p>

<p>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.</p>

<p>"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.</p>

<p>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."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=314259]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372550]</p>

<p>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.</p>

<p>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.</p>

<p>The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.</p>

<p>"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."</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=4661]</p>


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

<p>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.</p>

<p><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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355297]</p>

<p>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.</p>

<p>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.</p>

<p>"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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355293]</p>

<p>The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.</p>

<p>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.</p>

<p>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;</p>

<p>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;</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355303]</p>

<p>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.</p>

<p>"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355304]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=102717]</p>


Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=372394]</p>

<p>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.</p>

<p>"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.</p>

<p>"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=953]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=925]</p>

<p>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.</p>

<p>Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.</p>

<p>"The Lennox is where aspirational living becomes attainable," Hamblett said.</p>

<p>"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."</p>

<p>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.</p>

<p>"At The Lennox, lifestyle is not an afterthought, it is the foundation."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=5374]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>"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."</p>

<p>[smartcode_project_cta:default project_id=5743]</p>


The apartment price gap drawing Sydney buyers west

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.</p>

<p>Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.</p>

<p>"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.</p>

<p>"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."</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.</p>

<p>"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.</p>

<p>"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."</p>

<p>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.</p>

<p>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>.</p>


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

Western Sydney

<p>St Hilliers and First Point Property have lodged plans for the final stages of a $450-million precinct in north Penrith.</p>

<p>The duo will be adding a further 553 apartments in the final two stages, adding to the 540 apartments already built in the 40 hectare masterplan which Landcom started developing 10 years ago, transforming the former Department of Defence Site.</p>

<p>Crone Architects have prepared designs for the two-stage development in Thornton Estate, delivered across 11,000 sqm.</p>

<p>The mixed-used development will be located on Lord Sheffield Circuit,&nbsp;and will include retail and commercial space, along with residential apartments, which will be set across four towers.</p>

<p><img alt="" data-entity-type="" data-entity-uuid="" height="3030" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thornton.png" width="2400" /><br />
<em>The&nbsp;development will include retail and commercial space, as well as residential apartments. Image by Crone Architects.</em></p>

<p>The five-storey podium delivered in stage one will feature retail tenancies, a mainline supermarket, and residential and commercial lobby entries on the ground floor, with level one home to a child-care and medical centre.</p>

<p>Two residential towers, referred to as Tower A and B, will be constructed in stage one.</p>

<p>Tower A has a maximum rise of 27 storeys, with level five to 31 containing 241 apartments. Tower B will have a maximum rise of nine-storeys, with 75 apartments planned for the tower.</p>

<p>Stage two will see the construction of another mixed-use development comprising a five-storey commercial podium, as well as residential apartments across two towers, Tower C and D.</p>

<p>Tower C will have a maximum rise of 13-storeys, comprising 74 apartments. Tower D will rise 26-storeys, set to deliver 163 apartments.</p>

<p>553 apartments will be delivered through the project, with the retail ground level connected directly to the village square facilitating commuter access to the railway station.</p>

<p>Different types of apartment typologies have been designed to accommodate households with different needs, particularly suited to the local market, with a mix of studio, one, two and three-bedroom apartments, as well as townhouses at street-level.</p>

<p><img alt="" data-entity-type="" data-entity-uuid="" height="3025" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thornton2.png" width="2400" /><br />
<em>The residential buildings will range in height, with the low-rise towers toward the centre of the estate. Image supplied by Crone Architects.&nbsp;</em></p>

<p>The two-storey townhouses will be built with direct street access via generously-sized courtyards, while apartments at podium levels will benefit from direct access and deep courtyards that provide privacy and sunlight protection.</p>

<p>Western-facing apartments will have access to 180 degree views of the Blue Mountains, while eastern-facing apartments have distant views to the Sydney CBD.</p>

<p>Located between Lord Sheffield Circuit and Dunshea Street, the development is within walking distance to the railway station, while the new retail tenancies will become the most convenient offering for the tenants on the Thornton side of the station.</p>


The mixed-used development will be located on Lord Sheffield Circuit, with the first stage including retail and commercial space, along with residential apartments, which will be set across four towers.



alisonwarters@gmail.com

St Hilliers and First Point Property lodge final plans for Penrith's Thornton Estate

<p>Western Sydney buyers are enjoying a brand-new development positioned in the heart of Mount Druitt at GLP Development&rsquo;s latest residential project, No1 Zoe.</p>

<p>The Zoe Place residence features 268 residences in one, two and three-bedroom configurations, as well as a street-front retail centre, accessible by lift.</p>

<p>Mount Druitt is not just for locals. Many buyers are recognising the investment opportunities present in the area, with the $53 million Westfield redevelopment and the construction of the Western Sydney International Airport 15 minutes away.</p>

<p>[smartcode_project:default project_id=6726 project_image_fid=184437]</p>

<p>Surrounded by everything you need from retail and dining to transport, recreation and education, the development will find itself at the centre of a bustling lifestyle hub.</p>

<p>No1 Zoe has been carefully curated to achieve a feeling of timelessness, elegance and serenity.</p>

<p>The project encompasses three 12-storey residential towers, designed in collaboration between Brooks Projects Architects and interior designers Jackson Teece.</p>

<p>[smartcode_project:default project_id=6726 project_image_fid=184434]</p>

<p>The residences are spacious, with large balconies and floor-to-ceiling windows that maximise natural light while framing views to the Blue Mountains to the west and the city skyline to the east.</p>

<p>All apartments feature engineered timber floors, beech cabinetry, engineered quartz stone benchtops and premium Bosch appliances.</p>

<p>Suited to its urban location, homes include earthy shades that add warmth and bespoke detailing that creates a relaxed space.</p>

<p>[smartcode_project:default project_id=6726 project_image_fid=184433]</p>

<p>Two and three-bedroom apartments include a bath in the master ensuite, while all bathrooms include backlit mirrors, chrome tapware by Eago and overhead heating lamps.</p>

<p>Just moments from Westfields Mt Druitt, West HQ, Good Luck Plaza, Mt Druitt Railway Station &amp; bus depot, a range of educational institutions, No1 Zoe is where luxury and convenience fuse.</p>

<p>[smartcode_project_cta: project_id=6726]</p>


Western Sydney buyers are enjoying a brand-new development positioned in the heart of Mount Druitt at GLP Development’s latest residential project, No1 Zoe.

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Western Sydney apartment development No1 Zoe built to take advantage of central Mount Druitt location

<p>Granville Place is the latest residential offering from developers SHOKAI Ausbao and Develotek to hit Sydney&rsquo;s western suburbs.</p>

<p>This new village precinct will shape the new lifestyle, retail and residential heart of Granville, just a stone&#39;s throw from Sydney&#39;s second CBD of Parramatta.</p>

<p>The dynamic new neighbourhood will feature family apartments, green parklands and landscaped leisure zones.</p>

<p>Urban takes a look at six reasons why buyers are loving this new residential development.</p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153889]</p>

<p><strong>1. Affordable apartments in a growing suburban hub</strong></p>

<p>Granville Place is expected to become a new hub for suburban city living, but its affordability is what is grabbing the interest of first home buyers and investors.</p>

<p>The new development boasts one-bedroom, one-bathroom residences from as low as $460,000, while two-bedroom apartments begin at only $625,000.</p>

<p>&ldquo;Granville is coming into its own as major regeneration and infrastructure projects in and around the suburb are shaping a vibrant hub for Central Western Sydney,&rdquo;&nbsp;SHOKAI Ausbao note.</p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153896]</p>

<p>Its leading-edge fusion of architecture, imaginative oasis landscapes and amenity is sure to set new standards for Australian residential design provided for an incredible price.</p>

<p><strong>2. Residents-only offerings</strong></p>

<p>Granville Place delivers a residents-only oasis at the heart of its development, radiating well-being and enjoyment.</p>

<p>Features include a sun-drenched lawn, outdoor lounging zones, barbeques, playground and hammock grove and a podium oasis.</p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153890]</p>

<p>Here, you can host summertime picnics, entertain family and friends, offer a space for children to play and enjoy quiet time with natural surrounds.</p>

<p>Dual aspect designs and picture windows open each home up to the leafy village precinct or panoramic citywide views beyond.</p>

<p><strong>3. Generous floorplans</strong></p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153885]</p>

<p>Superior planning and practical layouts ensure every home flows brilliantly, from the largest three-bedroom to the simplest one-bedroom home.</p>

<p>Residents can enjoy a sense of comfort thanks to open-plan layouts, abundant light and versatile family living zones.</p>

<p>Spacious balconies and full-height glass bring natural views, sunshine and fresh air, as well as expand the interiors to create an atmospheric indoor-outdoor living environment.</p>

<p><strong>4. Great interior design</strong></p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153901]</p>

<p>Sleek kitchens are generously sized while clean-lined bathrooms are naturally luxurious, perfect for relaxing and unwinding.</p>

<p>Designed by architects Marchese Partners, homes feature a stylish and contemporary touch with timber and stone textures coupled with elegant lines and atmospheric lighting design.</p>

<p>Subtle geometric textures draw on the sculptural exterior fa&ccedil;ade while soft neutral tones reflect the green landscaped setting.</p>

<p>Residents also have the choice between two colour palettes &ndash; pairing chic whites, bone greys and splashes of charcoal and slate.</p>

<p><strong>5. Numerous neighbourhood amenities</strong></p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153888]</p>

<p>Granville is a people-friendly place to live, shop and play,&nbsp;where everything you need is on your doorstep.</p>

<p>A number of shopping centres are within close proximity, as well as alfresco caf&eacute;s, iconic restaurants, retail stores, medical suites and childcare centres.</p>

<p>A 1,400 sqm Public Park has been designed for locals to gather and spend time enjoying a variety of recreational activities.</p>

<p>The communal open space, located on the eastern side of the project, will provide a great setting for residents and locals to experience their own urban oasis.</p>

<p><strong>6. Family-friendly area</strong></p>

<p>&ldquo;It has long been an open secret: Granville is one of the best value suburbs in the whole Sydney metropolitan area&rdquo;, the developers claim.</p>

<p>Families are fond of its friendly suburban feel yet it&rsquo;s only five minutes from Parramatta CBD and a short 30-minute train ride to the Sydney CBD.</p>

<p>[smartcode_project:default project_id=6876 project_image_fid=153887]</p>

<p>The development is close to business hubs, education and leisure, diverse cuisines and local clubs.</p>

<p>Earmarked for major urban renewal with many improvements to the town centre and surrounds in the pipeline, Granville is the place to be.</p>

<p>[smartcode_project_cta: project_id=6876]</p>


Urban takes a look at six reasons why buyers are loving this new residential development

Six reasons buyers are loving SHOKAI Ausbao and Develotek’s newest Granville apartment development, Granville Place

<p>Developed by Tian An LFD, Auburn Square boasts the ultimate liveability in the heart of western Sydney.</p>

<p>Designed by&nbsp;Rothelowman, the development&rsquo;s design provides perfectly considered spaces to deliver a sense of community, with facilities including an expansive rooftop, communal dining areas, outdoor fitness equipment, all while overlooking cityscape views.</p>

<p>Urban takes a look at eight reasons why Auburn Square should be on your shortlist.</p>

<p>[smartcode_project:default project_id=7317]</p>

<h2>1. Developed by Tian An LFD</h2>

<p>The project is being developed by Tian An LFD, one&nbsp;of Australia&rsquo;s oldest listed property developers.&nbsp; With a strong track record of quality residential development in key markets on the west and east coasts it is backed&nbsp;by the strength of its Hong Kong-listed shareholder, Tian An China Investments Company.</p>

<p>They have won a number of awards across numerous Sydney and Melbourne projects and remain one of the most sustainable real estate funds in the world.</p>

<h2>2. Designed by the award-winning Rothelowman</h2>

<p>Designed by Rothelowman the vision is to create a place that emphasized liveability and community spaces.</p>

<p>The award winning architecture and design firm has been involved in projects across Brisbane, Sydney and Melbourne.</p>

<h2>3. Top level Rooftop amenities</h2>

<p><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_roof.jpg" /></a></p>

<p>The expansive rooftop provides a generous dining experience, outdoor fitness equipment, and impressive cityscape views just to name a few.</p>

<p>With an impressive communal rooftop garden, it is comes complete with BBQ areas so you can keep fit and enjoy yourself at the same time.</p>

<h2>4. The Auburn Square Precinct&nbsp;</h2>

<p>Auburn Square is setting a new benchmark for residential developments in Western Sydney, with the precinct design largely inspired by the nearby Auburn Botanical Gardens. It is home&nbsp;all aspects of life and family with lush green surrounds through the apartments, landscaping, retail precinct and public domain.</p>

<p>Auburn Square&rsquo;s 2,000 sqm of green space offers privacy and serenity for residents to enjoy with friends and family.</p>

<p>Auburn is a hub of connectivity situated in the geographical heart of Sydney. It offers great transport accessibility to business centres including Parramatta and the CBD. Walk to Auburn train station in 3 minutes or take Parramatta Road and the M4 motorway for direct and easy access further west or into the city.&nbsp;</p>

<p><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_facade.jpg" /></a></p>

<h2>5. The West Sydney housing market is on the rise</h2>

<p>There is no end of demand from home buyers and investors who want to live in Sydney&rsquo;s gentrifying inner Western suburbs.</p>

<p>In fact Sydney as a whole in on the rise, having turned around from the coronavirus induced slump that occurred throughout much of 2020.</p>

<h2>6. Affordable priced one, two and three bedroom apartments.</h2>

<p><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_interior.jpg" /></a></p>

<p>Home buyers can enjoy a one-bedroom, one-bathroom apartment in Auburn Square for as low as $505,000, or a two bedroom unit for $600,000,&nbsp;well&nbsp;below the $730,000 median apartment price for Sydney.&nbsp;</p>

<p>Also within a more than reasonable price range, three bedroom homes start at&nbsp;$837,000.</p>

<p>A number of economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine may super-charge even the national property market.</p>

<h2>7. HomeBuilder Eligible<strong> </strong></h2>

<p>Auburn Square is one of the few Sydney developments eligible for the HomeBuilder Grant extension, potentially saving $15,000 for first home buyers.</p>

<h2>8. Enjoy the view from your future home</h2>

<p><a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_balcony.jpg" /></a></p>

<p>Holding expansive views toward the CBD and Sydney Olympic park the balconies present a strong case as well as a strong facade.</p>


Developed by Tian An LFD, Auburn Square boasts the ultimate liveability in the heart of western Sydney.

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Eight reasons to consider an apartment in Sydney's Auburn Square

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<p>The NSW government has committed to the largest ever government agency leasing deal in Western Sydney, with more than 62,000 square metres of A-Grade office accommodation to be built by Walker Corporation at 4 Parramatta Square.</p>
<p>The new building will accommodate at least 4,000 public service roles, including more than 1,600 planning and environment roles relocating directly from the Sydney CBD by 2019.</p>
<p>Minister for Finance, Services and Property, Dominic Perrottet, said the development would establish a major public service base in Parramatta, the heart of Sydney’s second CBD.</p>
<p>The development will bring together around 2,500 roles from the Department of Planning and Environment, the Office of Environment and Heritage and the Environment Protection Authority, creating a Western Sydney Planning and Environment “hub” and improving opportunities for these agencies to work together.</p>
<p>Around 1,600 Department of Finance, Services and Innovation roles already located in Western Sydney will also be co-located in the new building.</p>
<p>The selection of Walker Corporation as preferred proponent followed an expressions of interest process and subsequent detailed tender phase.</p>
<p>Development approval for the site has been obtained and construction work is expected to commence in March 2017.</p>
<p>Since 2014, the government has announced the relocation of more than 4,200 public service roles from the CBD to Western Sydney.</p>
<p>This includes more than 1,800 jobs from the Department of Education, which will be relocated to 105 Phillip Street, Parramatta in 2018.</p>
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NSW government jobs bound for Parramatta Square

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<div>When I wrote my book <em>Get a Financial Grip</em> in 2011, I predicted a surge in property prices for a number of key Sydney suburbs located within a comfortable ten minute commute of the Central Business District, particularly those with outstanding rail transport links.</div>
<div> </div>
<div>In the event, actually most parts of Sydney have been through a real estate bonanza since that time, with solid picks demonstrating capital growth of around 60 per cent since early 2012. </div>
<div> </div>
<div>Although Sydney is presently set for a multi-year $70 billion infrastructure boom with the state coffers overflowing, preliminary auction clearance rates this week once again confirmed that many distant or outer suburbs are now wallowing in the midst of  a reversal.</div>
<div><strong> </strong></div>
<div><strong>Preliminary clearance rates (<em>CoreLogic-RP Data</em>)</strong></div>
<div><strong>Inner west - 75 per cent</strong></div>
<div><strong>South west - 30 per cent</strong></div>
<div><strong>Blacktown - 22 per cent </strong></div>
<div><strong>Outer west - n/a</strong></div>
<div> </div>
<div>House and land prices appreciating faster close to the city over time - explained by housing market economics as the "bid-rent curve" - partly equates to the eastern, inner western and lower north shore suburbs being the most conveniently placed for the city, lifestyle, entertainment, and Sydney beaches. </div>
<div> </div>
<div>And partly this dynamic is due to the simple geometry of concentric rings: an inner 6km ring has just 113 square kilometres of land therein, as compared to 1,250 square kilometres in the band located 30-36km from the city (the bit that is in the Pacific Ocean notwithstanding). Simply put, there is stacks of land available for development in the outer west and south west; but close to the city it is not so.</div>
<div> </div>
<div>Perhaps more important than any of this, however, is one other factor: the location of the new jobs being created in Sydney.</div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Jobs deficits and surpluses</span></strong></div>
<div> </div>
<div>My former employers Deloitte released another outstanding report this week entitled Designing Western Sydney - Shaping Future Cities, with this simple graphic neatly encapsulating one of the greatest challenges facing the harbour city.</div>
<p><a href="/images/2015/12/16/Deloitte.jpg" target="_blank"><span style="line-height: 1.3em;">Click to enlarge</span></a></p>
<p><span style="line-height: 1.3em;"><img src="/images/2015/12/16/Deloitte.jpg" alt=""> </span></p>
<div>Eastern Sydney - which if you are unfamiliar with the geography of Sydney, for the purposes of this report is the bit around where the city and the harbour is located - has created thousands more jobs than workers for a jobs surplus of around 175,000, and is forecast to continue doing more of the same over the decade ahead.</div>
<div> </div>
<div>Western Sydney, on the other hand, has thousands more workers (1,088,000) than jobs (881,000). The net result is that each working day well over 300,000 Western Sydney residents travel out of the region to work, compared to only 100,000 travelling into the region, for a jobs deficit of approximately 200,000.</div>
<div> </div>
<div>It is all well and good to suggest that aspiring homeowners should simply pack up and head west for more affordable housing options, but if this requires an hour long commute across congested road or rail, in aggregate this will fail to transpire. Notes Deloitte:</div>
<div><em><strong> </strong></em></div>
<div><strong>"Place matters more than ever. As telecommunications and travel have grown steadily cheaper, people have chosen to live closer together rather than further apart".</strong></div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Worsening jos deficit</span></strong></div>
<div> </div>
<div>The Western Sydney jobs deficit is projected to get much worse. Through 2031 more than half of the city's population growth is expected to be in Western Sydney at 52 per cent - with an extra 1 million residents expected and an estimated 664,000 new homes needed in the region - yet only 38 per cent of the new Sydney jobs are expected to be created there.</div>
<div> </div>
<div>By 2041 it is projected that Western Sydney will have a colossal jobs deficit of 340,000, while conversely Eastern Sydney is projected to have a surplus of some 238,000 jobs, with the "high value" professional and business services jobs overwhelmingly centred on the east and only a "comparative weakness" in the west (which is also home to 8 of the 10 poorest LGAs).</div>
<div> </div>
<div>Thus by 2041 it is projected that an extra 140,000 persons per day will be using the already congested transport links from Western Sydney, which would require 19 new freeways, six new train lines, or 1,700 new buses.</div>
<div> </div>
<div>It is little wonder, therefore, that Sydneysiders place a premium upon place over space, and continue to target the suburbs close to the city.</div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Levers</span></strong></div>
<div> </div>
<div>With easy monetary policy and a lower dollar the Sydney economy is firing on all cylinders, and it is likely that the Western Sydney region can generate 110,000 to 120,000 new jobs by the end of the decade as things stand, but Deloitte has laid down the challenge for 200,000 great new jobs to be created. </div>
<div> </div>
<div>Deloitte identifies 25 strategies and seven "levers" that can be used to generate 200,000 great Western Sydney jobs, particuarly within the health, international education, manufacturing, agribusiness. tourism, cultural, and "enabling" industries (financial services, construction, transport &amp; logistics, retail, and government administration). </div>
<div> </div>
<div>Although some Australians oppose population growth and the increased density of living, it can without question benefit economic standing, with productivity, the labour force, and the way in which businesses interact with each other all gaining from proximity, and the capital cities acting as the "engines of growth". Over the next decade Gross State Product per capita is thus expected to soar by 30%.</div>
<div>
<br>Although few seem to have realised it yet, the next Sydney sector to boom will be education, evidenced through a massive influx of international students.</div>
<p> </p>
<p><span><em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br></span></p>
<p> </p>
<p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
<p><span style="line-height: 1.3em;"> </span></p>
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Western Sydney's job surge: Pete Wargent

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<p><span>The residential investment market is currently in uncharted territory with the Corona-virus pandemic hitting many households, according to the August Herron Todd White (HTW) residential report. </span></p>
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<p><span>The valuation firm took a look at investor activities across the nation.</span></p>
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<p><span>The report notes whilst state and federal government initiatives have helped keep some calm in the market, there is a lot of speculation from property professionals that the longer this pandemic goes for the more stress there will be on both tenants paying their rent and investors paying their mortgages. </span></p>
<p><span>As a result this potentially could see an array of properties hitting the market within a short period of time which could put downward pressure on property prices.</span></p>
<p><span>"However, at the time of writing, Western Sydney has experienced a lower impact from COVID-19 in comparison to other areas of Sydney such as the inner suburbs which have a higher apportionment of renters and unit supply," the valuation firm said. </span></p>
<p><span>In the greater west, a popular investment option comes in the form of a house and granny flat which can provide a second rental stream and depending on the location, potential for longer term capital growth.</span></p>
<p>An example of this is <a href="https://www.realestate.com.au/sold/property-house-nsw-colyton-133173686" target="_blank">1 Kipling Drive, Colyton</a> (pictured below), located nearby to St Mary’s which is set to be a major transport intersection linking the existing<br>rail line to the Western Sydney Aerotropolis at Badgerys Creek.</p>
<p><span>The property is a partially updated 3 bedrooms, 1 bathroom on 632 sqm of land. Detached at the rear is a 2 bedroom, 1 bathroom, self-contained granny flat.</span></p>
<p><span><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/2020/9/7/colyton%20.jpg" alt=""></span></p>
<p><span>The property sold in May for $659,000, with a combined rental potential of $700 per week, calculating to a gross rental return of around 5.5%.</span></p>
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<p><span>As seen in other parts of the city, new units can quite often sell below the previous purchase ‘off the plan’, even after several years, the report noted. </span></p>
<p>An example of this is <a href="https://www.realestate.com.au/sold/property-apartment-nsw-penrith-133083770" target="_blank">725/1-39 Lord Sheffield Circuit, Penrith</a> (pictured below), a two-bedroom, two-bathroom unit which sold off the plan in February 2017 for $584,000 however re-sold in March 2020 for $505,000. The off the plan purchase was unable to be supported even in 2017.</p>
<p><span> <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/2020/9/7/penrith.jpg" alt=""></span></p>
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<p><span>The investor market across the South Western Sydney suburbs, in particular the Liverpool LGA, is generally very active as it offers a range of investment opportunities across a variety of asset classes, the report suggested. </span></p>
<p><span>"The rental market is very competitive which has seen rentals stagnate and in some areas fall," the valuation firm said. </span></p>
<p><span>The capital growth in property that has historically driven investor interest is no longer prevalent with some asset classes’ showing a decrease in value from the peaks of the 2016 and 2017 period.</span></p>
<p><span>Currently on realestate.com.au there are approximately 99, modern two-bedroom two- bathroom units available and approximately 160, three-to-four bedroom homes available for rent within the Liverpool LGA.</span></p>
<p><span>"The entry level of the investment market is driven by affordability and low risk. This is where you typically find your Mr and Mrs Citizen well represented as they are looking to park their savings into the property market rather than in a low interest bank account," the valuation firm said. </span></p>
<p><span>Popular investment opportunities for this market are modern units in the sub-$600,000 range, a single house in one of the modern estates in the </span>sub-$750,000 range, or a house and granny flat set-up. All three property types achieve reasonably safe returns and can come with some tax benefits as well, the report noted. </p>
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<p><span>Notwithstanding the below examples, duplex pairs and small unit blocks provide additional investment opportunities however they require a larger capital outlay.</span></p>
<p><span>A two-bedroom, two-bathroom unit in 12-14 George Street Liverpool sold in March for $460,000, with an assessed gross yearly rental of $20,650, representing a 4.5% yield. </span></p>
<p><span>However the previous sale in March 2016 was for $519,000, meaning an 11% decrease in value over four years.</span> </p>
<p><span>A modern four-bedroom, two-bathroom house in a new estate in Edmondson Park sold in April for $730,000, with an assessed gross yearly rental<br>of $26,400, representing a 3.6% yield. </span></p>
<p><span>"Whilst the rental return is not as strong as a unit may be, this type of property traditionally will show superior capital growth," the valuation firm said. </span></p>
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<p><span>A recent sale of a house and granny flat in Lurnea in June for $835,000, would likely achieve a gross combined annual rental of $38,400, representing a 4.6% yield.</span></p>
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<p><span>Moving away from your traditional investment classes, the rezoning of land in the South West, particularly in designated Growth Corridors and the Aerotropolis Precinct has seen property prices skyrocket. </span></p>
<p><span>For the broader residential market you have most likely missed the boat, but for those lucky enough to have owned land prior to any hint of rezoning taking place, developers are paying well above what could have ever been imagined for these traditionally rural areas. </span></p>
<p><span>Nowadays these areas are occupied by developers and established land bankers, the report noted. </span></p>
<p><span>A recent sale of a one-hectare site in Austral, sold in April for $2.625 million. </span>The previous sale of this property was back in 2014 for $1.855 million, a 41 per cent increase in six years.</p>
<p><span>Another property in Bringelly sold in May for $2.3 million. The previous sale was back in 2015 for $1.15 million, a 100 per cent increase in five years.</span></p>
<p><span>"Western Sydney is currently considered the best place for returns, given the varied properties to invest in. </span>We believe a well located house and granny flat provides a great option for their higher yields and depending on the location, future development potential given the land component.</p>
<p><span>"In other parts of Sydney, investors can look to play the long game and bear the short term loss of rents, for the ability to secure a property at a discount, and also take advantage of current low interest rates. There is value across all levels with strong medium to long term capital growth opportunities," the valuation firm said. </span></p>
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Western Sydney sees a lower impact from COVID-19: HTW residential 

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<p>The sub-$700,000 price point still provides attractive offerings within Western Sydney to its key buyers, according to the latest Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. </p>
<p>The report suggests that the key buyers include first home buyers, investors and those looking to upgrade their existing residence, due to its more diverse options and lower price point in comparison to other areas in Sydney.</p>
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<p><span>"In relation to strata options, established areas in Western Sydney can provide two to three- bedroom units and in some cases townhouses," the valuation firm said. </span></p>
<p><span>In Parramatta, with its wider supply of units, </span>the $700,000 mark allows for a near new two- bedroom, two-bathroom unit.</p>
<p>An example of this is a circa 2019 unit, <a href="https://www.realestate.com.au/sold/property-apartment-nsw-parramatta-132823630" target="_blank">101/23 Hassall Street</a> (pictured below) which sold in February for $690,000, however previously sold off the plan in 2016 for $759,000, the report noted. </p>
<p> <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/2020/7/28/paramatta.jpg" alt=""></p>
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<p><span>"In Blacktown, you would only need $650,000 for a three-bedroom strata townhouse as shown by the sale of 4/16-20 Kent Street in April for $640,000," the valuation firm said. </span></p>
<p><span>The report notes opportunities at this price point for dwellings can be found for first home buyers and investors who wish to buy older style homes with a decent sized block of land in order to add value. </span></p>
<p><a href="https://www.realestate.com.au/sold/property-house-nsw-blacktown-132782770" target="_blank">18 Killarney Avenue, Blacktown</a> (pictured below), a mostly original, three- bedroom, one-bathroom home with 601 square metres of land sold for $670,000 in April and would provide ample opportunity for value adding.</p>
<p><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/2020/7/28/backstown.jpg" alt=""></p>
<p> </p>
<p><span>For a good investment, a house and granny flat in St Marys would provide a higher cash flow in the short term and potential for longer term capital growth, the report noted. </span></p>
<p><span>St Marys is set to be connected to the Western Sydney Aerotropolis at Badgerys Creek. </span></p>
<p><span>A house and granny flat, 21 &amp; 21A Marsden Road, St Marys, which sold for $699,900 in April, has a potential rental income of $740 per week and yield of 5.5 per cent.</span></p>
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<p><span>"House and land packages are also an option in newer estates such as Marsden Park, Box Hill and Jordan Springs," the valuation firm said. </span></p>
<p><span> At this price point though, buyers will have to compromise on size to put together a package with land of between 250 and 350 square metres.</span></p>
<p><span>An example of this is the current listing of Lot 6181 Annan Avenue, Marsden Park, a single level, four- bedroom, two-bathroom Metricon built dwelling with a single garage, improved upon a 312 square metre block available for $699,546.</span></p>
<p><span>"Within the new estates you don’t need $700,000 to purchase land; for much less you can pick up a block to build your dream home. </span></p>
<p><span>"Prices are dependent on the size, location, frontage and topography of the allotment," the valuation firm said. </span></p>
<p><span>A comparison can be found for a few suburbs in the table below.</span></p>
<p><span> <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/2020/7/28/western%20sydney%20compare%20.jpg" alt=""></span></p>
<p><span>Source: HTW</span></p>
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<p><span>"In the rental market, with a current oversupply of available property relative to demand and the effects on the various markets of COVID-19, the rental market has contracted leading to increased vacancy rates and lower asking rents," the valuation firm said. </span></p>
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What a lazy $700,000 can buy in Western Sydney: HTW residential 

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<p>A mammoth construction project in Sydney’s west is set to create 2500 local jobs during its $525 million construction, with essential workers set to benefit once the homes are built. </p>
<p>Developers behind the proposed Crescent Parklands near Parramatta are promising to give ambulance and other frontline workers first dibs on at least 87 new affordable housing homes provided as part of the $525 million development.<span> </span></p>
<p>They are also pledging to ensure western Sydney tradies are first in line for lucrative demolition and construction contracts over the course of the proposed 10-year redevelopment of the former WesTrac industrial site in Holroyd alongside the M4.</p>
<p><span>Australian Capital Equity CEO Ryan Stokes told The Sunday Telegraph the residential and commercial project will create 2500 jobs during construction.</span></p>
<p><span><span>“At its peak the WesTrac site would have had about 450 people working here,” Mr Stokes, son of media mogul Kerry Stokes, said.</span></span></p>
<p>This area is going through tremendous change and a really progressive evolution.<span> </span></p>
<p>“The site is really close to Parramatta, Granville and Merrylands.”</p>
<p>Plans for the site’s high density rezoning, being considered by the Sydney Central City Planning Panel, go on public exhibition in the coming days.<span> </span></p>
<p>They reveal it will have 1255 apartments, with seven per cent of dwellings dedicated for affordable homes rented out for a 20 per cent discount on market rates in perpetuity.</p>
<p>15,000sq m of commercial and retail space, including a supermarket, other retailers, cafes and restaurants, childcare, a medical centre and 6255sq m of office space.</p>
<p>The project has the backing of Skills Minister and Parramatta Liberal MP Geoff Lee and Western Sydney Business Chamber executive director David Borger.<span> </span></p>
<p>Cumberland Council remains opposed because of traffic, density and amenity concerns.<span> </span></p>
<p>Mr Borger pointed toward the project’s 7714 sqm public park, which is bigger than a soccer field, with a playground and BBQ facilities as evidence of its importance to the area.</p>
<p><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/2020/7/20/impression%202.jpg" alt=""></p>
<p>Public space will comprise 43 per cent of the 3.79ha site.</p>
<p>“People are sick of high-rise projects that don’t have adequate space and this project has got more open space than any other high-rise project in Sydney at the moment,” Mr Borger, a former Parramatta mayor and state Labor government minister, said.<span> </span></p>
<p>“It is creating new public and private parks so you can come here with a child and they can have a place to kick the football muck around with their mates.<span> </span></p>
<p>“It has got all those great urban design principles that you want that we often don’t get in Sydney.”</p>
<p>Mr Lee said there are 50,000 jobs in the Parramatta CBD at the moment and “we are going to grow back to 100,000 over the next 10 years”.<span> </span></p>
<p>The majority of the site’s dwellings and retail spaces will be contained in four towers that are 28, 23, 17 and 22 storeys.<span> </span></p>
<p><span><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/2020/7/20/impression.jpg" alt=""></span></p>
<p>In response to criticisms the project would create traffic problems for nearby Woodville Rd, Mr Stokes will add an extra lane along Crescent St.</p>
<p>Cumberland Council has resolved not to meet with the developers and remain opposed to the project, which if approved would be the most dense part of the local government area outside of Merrylands town centre.<span> </span></p>
<p>“They are packing in residents like sardines into an already congested area that has a lack of infrastructure,” Cumberland Mayor Steve Christou said.</p>
<p>“The M4 and Woodville Rd are packed enough as it is.”<span> </span></p>
<p>Developers are estimated to pay at least $31.3m in local and state government infrastructure levies.</p>
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Western Sydney construction project to create 2500 jobs 

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<p>In a property market as diverse as Sydney, $700,000 is going to buy you very little in some parts while in others locations it can still mean a good quality home or investment.</p>

<p>There was "a rich and varied tapestry of property options" available across the city, especially in Sydney's West, according to the latest report of the Herron Todd White valuation firm.</p>

<p>The sub-$700,000 price point still provides attractive offerings within Western Sydney to its key buyers, being first home buyers, investors and those looking to upgrade their existing residence.</p>

<p>Established areas in Western Sydney can provide two to three-bedroom units and in some cases townhouses.</p>

<p>[smartcode_project:default project_id=8590]</p>

<p>In Parramatta, with its wider supply of units, the $700,000 mark allows for a near new two-bedroom, two-bathroom unit.</p>

<p>An example of this is a 2019 Hassall Street unit which sold in February for $690,000, having previously sold off the plan in 2016 for $759,000.</p>

<p>In Blacktown, you would only need $650,000 for a three-bedroom strata townhouse as shown by a Kent Street sale in April for $640,000.</p>

<p>House dwellings can be found for with older style homes on a decent sized block of land in order to add value.</p>

<p>[smartcode_project:default project_id=25842]</p>

<p>There was a Killarney Avenue, Blacktown, a mostly original, three-bedroom, one-bathroom home with 601 square metres of land that sold for $670,000 in April.</p>

<p>It provides ample opportunity for value adding.</p>

<p>HWT noted for a good investment, a house and granny at in St Marys would provide a higher cash flow in the short term and potential for longer term capital growth.</p>

<p>It noted St Marys is set to be connected to the Western Sydney Aerotropolis at Badgerys Creek. A house and granny on Marsden Road, St Marys, which sold for $699,900 in April, has a potential rental income of $740 per week and yield of 5.5 per cent.</p>

<p>House and land packages are also an option in newer estates such as Marsden Park, Box Hill and Jordan Springs, but buyers will have to compromise on size to put together a package with land of between 250 and 350 square metres.</p>

<p>An example of this is the current listing on Annan Avenue, Marsden Park, a four-bedroom, two-bathroom Metricon-built dwelling with a garage, on a 312 square metre block available for $699,546.</p>

<p>In South Western Sydney for under $700,000, the Liverpool LGA still provides opportunities.</p>

<p>The Liverpool CBD unit market has struggled over the past 18 months, HTW noted, with signs of doom and gloom.</p>

<p>"We consider that the amount of supply entering the market and the lack of business growth within the CBD has contributed to values remaining steady or even decreasing," their report noted.</p>

<p>An example was a 2004 built three-bedroom, two-bathroom unit on Castlereigh Street that sold in May 2015 for $520,000 and resold in May for $510,000.</p>

<p>These price levels allow first home owners to enter the market in a central location close to shops, schools and train lines.</p>

<p>"Compared to the Parramatta CBD, it offers very affordable living," HTW advised for Liverpool, which is seen as Sydney’s third city.</p>

<p>The development of the Western Sydney Airport and the rezoning of 25 hectares of land in the heart of Liverpool "will reinvigorate life and promote more commercial space."</p>

<p>The ultimate aim is to remove the need for workers to travel to the traditional Parramatta and city hubs.</p>

<p>"This may be just what Liverpool needs to breathe life back into the Liverpool unit market in years to come," HTW forecast.</p>

<p>Within the Liverpool LGA, the house market under the $700,000 mark is constantly decreasing in opportunity, however suburbs such as Busby, Cartwright and Ashcroft provide "a great hidden opportunity."</p>

<p><em>This article first appeared in</em> The Daily Telegraph.</p>
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