<a href="https://www.apartments.com.au/developments/collingwood-vic-3066">Collingwood</a>’s northern edge continues to sharpen its reputation as one of Melbourne’s most compelling cultural precincts, where established creative institutions, leading hospitality, and independent fashion converge within a tightly held inner-city neighbourhood.

Set within this evolving pocket, <a href="https://www.apartments.com.au/new-apartments/derby-street-by-milieu-collingwood-4-derby-street-collingwood-vic-3066">Derby Street by Milieu</a> draws on a location that balances proximity to some of the inner north’s most influential destinations with the quieter, tree-lined character that defines the streets edging East Melbourne. Positioned just moments from both Smith and Gertrude Streets, the address sits on the periphery of Collingwood’s cultural core, offering immediate access without the intensity of its busiest frontages.&nbsp;

[smartcode_project:default project_id=145576 project_image_fid=355945]

Gertrude Street, in particular, anchors the area’s identity as a destination for Melbourne’s leading food, art and fashion. Within a short walk, venues such as Marion, Cutler &amp; Co, IDES and the Builders Arms Hotel define a tightly curated dining scene with enduring citywide appeal, complemented by a strong fashion and retail presence including Havn, Le Labo and a selection of independent boutiques.

Nearby, institutions such as the Australian Print Workshop and Collingwood Yards sustain a constant rhythm of exhibitions, performances and creative output, embedding art and culture into the everyday fabric of the neighbourhood.

Smith Street, running parallel, extends this offering with a broader mix of hospitality and nightlife, maintaining its status as one of Melbourne’s most active inner-urban strips.

Beyond these high-energy streets, the immediate surrounds shift in tone. Derby Street and its neighbouring blocks are defined by low-rise heritage terraces, mature trees and a settled residential character. Fitzroy Gardens and Carlton Gardens are both within walking distance, alongside the Royal Exhibition Building and Melbourne Museum, bringing together green space and cultural landmarks within minutes of home.

[smartcode_project:default project_id=145576 project_image_fid=355985]

Connectivity remains a key advantage. The CBD sits within easy reach, accessible by tram along Smith Street in around 20 minutes, while also remaining close enough to walk or cycle, supported by the inner north’s established bike network.&nbsp;

<a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a>’s long-standing connection to Collingwood underpins the project’s approach. With a portfolio that includes multiple nearby developments across Bedford, Peel and Napier Streets, the developer brings a sustained understanding of the area’s character and evolution. Derby Street continues this trajectory as a collaboration with award-winning Melbourne-based <a href="https://www.apartments.com.au/architects/studio-bright">Studio Bright</a>, marking the practice’s first multi-residential project in the inner north and reflecting a shared focus on design integrity and contextual response.&nbsp;

Balancing connection to the neighbourhood with a sense of seclusion and refuge, Derby Street by Milieu embodies a level of care and craft typically reserved for single residential projects. Comprising 22 residences across six storeys, with two to four-bedroom configurations priced from $1.15 million, the project is currently under construction with completion expected in late 2027.&nbsp;

[smartcode_project_cta:default project_id=145576]

Joel Robinson

Derby Street by Milieu, at the top end of Collingwood

A rare new apartment development in the Blue Mountains is the latest in a string of State Significant Development Applications submitted through the New South Wales Government's Housing Delivery Authority.

A total of 270 apartments are being proposed for the 1.16-hectare site at <a href="https://www.apartments.com.au/new-apartments/blue-mountains-alpine-retreat-142-150-narrow-neck-road-katoomba-nsw-2780">142–150 Narrow Neck Road in Katoomba</a>, a parcel of land adjoining the former Katoomba Golf Course. The site was acquired for $3.85 million in 2021 by private developer VDM Prime.

The apartments, comprising a mix of serviced apartments, affordable housing, and traditional build-to-sell product, will be spread across eight low-rise buildings, along with a separate building for a new restaurant, arranged around a green spine that leads to a central park.

<img alt="Katoomba" data-entity-type="file" data-entity-uuid="ee9a2072-f465-44f1-9076-80c9c8ecca02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-22%20at%209.20.21%E2%80%AFAM.png?VersionId=4bT0vQ7j_syl65wcrJmHGm3m5pTvwrY_" />

The Urban Design Report by Atlas Urban says the vision is to create a "contemporary mountain precinct that is responsive to its escarpment landscape, heritage character, and community context."

"The development responds to the current housing supply and affordability challenges identified under the NSW Housing Delivery Authority (HDA), providing a balanced mix of standard, affordable, and short-stay accommodation," the report noted.

"By introducing a variety of dwelling types and tenures, the proposal supports intergenerational living, local workforce retention, and greater housing choice within an area constrained by topography, heritage, and environmental protections."

Of the 270 units proposed, 52 will be serviced apartments. The remainder will comprise 54 studios, 121 one-bedroom units, 39 two-bedroom apartments, and four three- to four-bedroom residences.

<img alt="Katoomba" data-entity-type="file" data-entity-uuid="f704508d-1bdf-4170-955d-0256652402a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-22%20at%209.56.49%E2%80%AFAM.png?VersionId=TzarHMO4gTOsblCqsbJQkvMqWj9nu2Au" />

The Design Report, by VDM Prime and appointed architect Antoniades Architects, noted that the design seeks to "provide a built form outcome that is highly considered, respectful and contextually fitting, whilst contributing positively to an evolving precinct."

"The site offers three frontages and the opportunity to provide a meaningful interface with the public domain environment. the design has a sympathetic response to streetscape and the green open space that surrounds the site."

The report states that the buildings are broken up to establish an appropriate bulk and scale, emphasised through height and setback strategies and defined through articulation that supports the transition of precinct granularity. It also notes that a central communal open space is established through the site to enhance the social dynamic and access to amenity, including natural ventilation and light to the apartments. The east and west frontages receive solar access during the morning and afternoon, whilst maximising views to the green open space.

The site adjoins the recently completed Yarrabee Katoomba development, comprising 24 duplexes that were completed last year and sold through McGrath Projects.

The relatively new Housing Delivery Authority pathway established by the NSW Government allows developers to submit State Significant Development Applications through a fast-tracked state process, effectively reducing reliance on local council approval pathways and aiming to accelerate housing delivery across New South Wales.

First look: Nearly 300 apartments pitched on former Katoomba golf course site

In Melbourne’s established inner east, the qualities that define a traditional house, width, height, and access to open ground, are increasingly difficult to replicate in new residential developments. Larger landholdings are scarce, and with them, the ability to create apartments that extend beyond compact, internalised layouts.&nbsp;

In <a href="https://www.apartments.com.au/developments/kew-vic-3101">Kew</a>, where the residential fabric is shaped by generous setbacks and mature tree canopies, that tension is especially visible.

<a href="https://www.apartments.com.au/developers/ricdanic-investments-pty-ltd">Ricdanic</a>&nbsp;is bringing forward a boutique collection of just 13 residences across two buildings at 9–11 Wimba Avenue, Kew. Comprising six homes at No.9 and seven at No.11, the project sits on a quiet, tree-lined street just off Cotham Road.&nbsp;

Each apartment has been planned with a level of independence more commonly associated with standalone dwellings, balancing privacy with the efficiencies of apartment living.

Architect Chris Idle, who has been practising for over two decades, says projects like this don’t come along often.

“There are very few opportunities to do these kinds of developments in leafy, established suburbs,” he explains. “To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare.”

[smartcode_project:default project_id=140755 project_image_fid=366267]

The internal planning begins with width. Living areas extend beyond five metres, allowing furniture, circulation, and glazing to sit comfortably within the same zone without compression. Ceiling heights shift from three metres through to five metres in select areas, changing the sense of scale as you move through the apartment. These proportions are paired with double-glazed windows and fully electric systems, balancing volume with performance, supported by a 7.2 NatHERS energy rating.&nbsp;

From the main living space, the apartments open directly outward. Large sliding doors connect to private gardens averaging 125 square metres, with some residences also incorporating balconies of around 60 square metres. Rather than acting as secondary outdoor zones, these areas sit flush with the internal floor level, extending the usable footprint of the home and allowing for multiple modes of use, whether for quiet daily routines or larger gatherings.&nbsp;

The landscape, led by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, reinforces this relationship. Across the site, 23 different plant species have been introduced, including a mix of native and established varieties, arranged to maintain privacy while preserving sightlines and light access. Gardens are not treated as decorative buffers but as functional extensions of the apartments, shaped to accommodate movement, seating, and informal use over time.&nbsp;

[smartcode_project:default project_id=140755 project_image_fid=366265]

Architecturally, the project draws from Kew’s historic residential language. Handmade bricks by Krause define the exterior, grounding the buildings within the material palette of the suburb, while interior finishes, stone, timber flooring, and restrained detailing, continue this approach internally. Architect Chris Idle describes the intent as long-term rather than stylistic: “We wanted it to feel timeless.”&nbsp;

This emphasis on durability extends to how the buildings are accessed and secured. Entry is managed through keyless systems, with a double-gated basement incorporating number plate recognition for vehicle access. Each residence is paired with a private lock-up garage accommodating two to three cars, alongside storage, while all entry points are monitored continuously. These measures sit alongside EV readiness and fully electric infrastructure, aligning the project’s operational systems with its long-term design outlook.&nbsp;

The setting remains central to how the development is experienced. Located within walking distance of Kew Junction and close to established schools including Carey Grammar and Xavier College, the address benefits from existing infrastructure while maintaining a residential quietness that is increasingly difficult to find at this scale.&nbsp;

Construction is being delivered by <a href="https://www.apartments.com.au/builders/sinjen">Sinjen</a>, with a 10-year structural guarantee, with completion targeted for mid-2027.

[smartcode_project_cta:default project_id=140755]

Inside Wimba Ave, Kew’s garden-scale residences designed for space and permanence

High-end Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a> has secured approval for one of its latest Mosman projects, one of the first developments approved by Mosman Council under the NSW Government’s Low and Mid-Rise Housing Policy.

The approval represents an important step in delivering well-considered housing next to established village locations on Sydney’s Lower North Shore, in line with the intent of the Low and Mid-Rise zoning framework. 
&nbsp; 
There are currently 13 other sites lodged within Mosman Council under the policy, with <a href="https://www.apartments.com.au/new-apartments/27-29-heydon-street-mosman-nsw-2088">Heydon Street</a> among the first to receive development consent. 
&nbsp; 
Abadeen Founder and Executive Chairman Justin Brown said the project reflects a considered and appropriate response to its planning context. 
&nbsp; 
“This approval demonstrates how carefully considered, design-led development can align with the objectives of the Low and Mid-Rise Housing Policy," Brown said.

"The scheme has been designed to respond sensitively to its village setting, with a built form, scale and level of amenity appropriate to its local context. The determination reflects a balanced and considered planning outcome, with Council recognising the capacity for this site to accommodate additional housing within a well-located and established precinct.”

<img alt="Abadeen secures first approval under low and mid-rise housing policy for Heydon Street, Mosman" data-entity-type="file" data-entity-uuid="92811ce3-02e8-44fc-996e-c61ae039bd3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Heydon%20Street%20Aerial.jpg?VersionId=ZHJVuWQT64QcdrFJx963pFWFzTX7lI2I" />

The Heydon Street approval followed extensive consultation with Mosman Council, with Abadeen working closely with Council throughout the assessment process.

The approved scheme comprises 27 residences, with only four per floor, creating a low-density living environment. The building will include four half-floor penthouses designed to capture views across Middle Harbour, Sydney Harbour and the surrounding district.&nbsp;

The project is expected to appeal to downsizers and owner-occupiers seeking house-like proportions, privacy and local convenience. There will be north-facing Middle Harbour views from the second level upward. It is also just a flat 100-metre walk to Bridgepoint Shopping Centre, which will appeal to owner-occupiers and in particular downsizers.

Two-bedroom residences are expected to be priced from $1.99 million when sales launch later this year. 
&nbsp; 
Joe Tack, CEO at Abadeen, said the outcome reflects both the quality of the site and the broader need for well-located housing. 
&nbsp; 
“This is a highly considered site within a highly established local setting, offering elevated views and strong connectivity. The project has been designed to respond to that context, delivering a scale and quality of housing aligned with both the planning framework and evolving market demand.” 
&nbsp; 
“This approval is particularly significant in the context of Mosman, where new housing supply has historically been limited. While it represents the first approval of this scale in Mosman to be achieved in over 50 years, it is importantly located within a well-established residential location, in close proximity to the established commercial amenity of Spit Road and Mosman Village. It reflects strong confidence in Abadeen’s approach to design, delivery and community integration, while contributing to the delivery of much-needed housing in a highly constrained market.”

Abadeen has an established track record across Sydney’s Lower North Shore, with recent completions including KOYO in Crows Nest and ENSO in Neutral Bay.

In Mosman, Abadeen recently completed The Hampden, with Mosman Residences on the corner of Spit Road and Clifford Street scheduled for completion later this year. Construction has also commenced at Burran Residences, comprising three full-floor ultra-premium homes positioned just 50 metres from Balmoral Beach, with residences expected to achieve prices in excess of $20 million. Two further projects are also progressing through planning within the local government area.

Abadeen secures first approval under low and mid-rise housing policy for Heydon Street, Mosman apartment development

Apartment developer <a href="https://www.apartments.com.au/developers/martello">Martello™</a> is one of the latest entrants to the Gold Coast development market, with its debut project set to be one of the most boutique offerings on Chevron Island in recent years.

Martello has unveiled <a href="https://www.apartments.com.au/new-apartments/aere-chevron-island-18-20-mawarra-street-chevron-island-qld-4217">Aere Chevron Island</a>, a collection of 33 large-scale two-, three-, and four-bedroom apartments across an 18-storey building on Mawarra Street.

[smartcode_project:default project_id=143932 project_image_fid=367517]

The developer has placed a strong emphasis on wellness, briefing architecture firm Raunik Design to embed this philosophy into the project. It is a direction <a href="https://www.apartments.com.au/developers/martello">Martello™</a> plans to carry through its future developments along the coast.

<a href="https://www.apartments.com.au/developers/martello">Martello™</a> has positioned Aere as a continuation of its human-centric development approach, with a focus extending beyond amenity to the fundamentals of layout, natural light, and spatial planning. Promax Construction has already been appointed to deliver the project, with construction expected to commence in the coming months as part of the group’s broader expansion into South East Queensland.

Rising above the low-rise fabric of Chevron Island, Aere’s design emphasises generous internal proportions and uninterrupted outlooks, with residences oriented to capture coastal, skyline, and waterway views. Interiors prioritise open-plan living, with large-format glazing and carefully considered transitions between indoor and outdoor spaces.

[smartcode_project:default project_id=143932 project_image_fid=367508]

The upper levels are dedicated to larger-format homes, including four-bedroom residences designed as half-floor offerings. These layouts prioritise separation between living and sleeping zones, along with increased privacy and storage, features more commonly associated with detached housing than traditional apartment product.

Aere’s private resident amenity spaces centre on wellness. A rooftop level will incorporate a heated swimming pool, sauna and spa, while the rest of the wellness spaces throughout the building include a&nbsp;residents’ lounge, dining areas and a gym.

The inclusion of both social and quieter retreat spaces reflects a broader shift in higher-end apartment design on the Gold Coast, where developers are increasingly responding to owner-occupier demand for buildings that support long-term living rather than short-stay use.

[smartcode_project:default project_id=143932 project_image_fid=367814]

Aere is positioned within walking distance of Chevron Island’s village centre along Thomas Drive, as well as the HOTA cultural precinct via the Green Bridge, connecting residents to parklands, galleries, and event spaces.

For <a href="https://www.apartments.com.au/developers/martello">Martello™</a>, Aere represents the first in a series of planned Gold Coast developments, with the group also exploring opportunities in other coastal precincts, including Kirra and Palm Beach.

The move north comes as sustained population growth and infrastructure investment continue to reshape South East Queensland, with developers increasingly targeting boutique, design-led projects in established lifestyle pockets. Aera’s relatively small scale and emphasis on spatial quality position it within this emerging segment of the market.

[smartcode_project_cta:default project_id=143932]

Martello™ enters Gold Coast market with wellness-led Chevron Island development Aere

Albury

<html><body><div class="page" title="Page 14">
<div class="section">
<div class="layoutArea">
<div class="column">
The property market in Albury-Wodonga and surrounding region on both sides of the border appears to be holding quite well, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm suggest in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
"The cases of COVID-19 have been very, very low and the community has been adhering to all pandemic measures.
"Most agents are reporting a hold and wait type behaviour across the board, which resulted in significantly reduced sales activity for April and May, with an uptick in this third week of May as restrictions ease and the reopening of schools is now approaching for both New South Wales and Victoria," the valuation firm said. 
"With the number of final inspections on new homes and construction reports on proposed new dwellings increasing, we will continue to observe and analyse the likely effects on the tourism industry and the investor market in our region." 
</div>
<div class="column">
If the carpark at Bunnings is any indication, home improvement has been front of mind for many with the expected result surely being property of all types receiving TLC, running second only to the amount of extra dog walking being witnessed across the country.
"Pre-pandemic vendors making the extra effort in property presentation were certainly reaping the rewards, so post-pandemic we might be set for a very good looking property offering in spring with gardens spruced, DIY updates of bathrooms and painting refreshes creating the longest lines at home improvement centres," the valuation firm said. 
Overall the renovation market in our area is quite targeted, due to property owners’ mobility in the market created by our housing affordability, the report noted. 
The risk of over-capitalising property is real if the price point and location are not spot on.
The house flippers are mostly purchasers with skill sets to renovate on a budget and this has been very evident in North Albury reaching further north now to Lavington and also parts of south Albury.
A renovated three bedroom unit in Lavington has recently been sold for $226,000.
The <a href="https://www.realestate.com.au/sold/property-unit-nsw-lavington-132385398" target="_blank">2/585 Heathwood Avenue </a>home (pictured below) comes with open plan living, contemporary kitchen and three bedrooms.
The unit is located in a well-maintained complex of only two. 
<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/2020/6/15/lavington.jpg" alt="">
The report suggests the other active market segment for renovations are high end additions and renovations of character dwellings in central, small pockets of North Albury and all of old East Albury.
A three bedroom house located in Albury's iconic Jones Street is currently on the market with a price guide of $649,000.
The <a href="https://www.realestate.com.au/property-house-nsw-albury-133673950" target="_blank">722 Jones Street home </a>(pictured below) comes with renovated bathroom, update kitchen, and open plan dining and lounge. 
It also features enclosed sunroom, triple length single garage and undercover carport. 
<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/2020/6/15/albury%201.jpg" alt="">
With only a select few master builders available, waiting times for these projects can be expected, up to two years for some builders, so substantial planning and patience is required in these good locations.
Renovation is not for the faint-hearted and the decision to renovate may sit below upgrading to a newer home, moving to a better location, building from scratch or demolishing and rebuilding.
The rewards are there for the very astute home owner or investor, however regional cities do not enjoy the same capital growth as the metropolitan property markets, so often a smart update rather than a full renovation can assist owners to enjoy some uplift to take the next property step or secure a better tenancy.
<div class="page" title="Page 15">
<div class="section">
<div class="layoutArea">
<div class="column">
"On inspection, we often hear the lamentation that home improvement takes money and time and striking that balance can be challenging.
"Hopefully over the past couple of months property owners have had the time and been able to save some money by taking on projects themselves or calling in the professionals," the valuation firm said. 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Smart update or full renovation in Albury-Wodonga? HTW residential 

<html><body><div class="page" title="Page 11">
<div class="section">
<div class="layoutArea">
<div class="column">
The Albury-Wodonga region boasts around 110,000 people, enjoying one of the most vibrant cross-state regions combining all the Murray River has to offer and beyond north and south of the New South Wales and Victorian borders, according to the latest Herron Todd White (HTW) residential report. 
<div>The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.</div>
"The drivers of the property market are affordability, access to finance, lifestyle, tourism and the buoyancy or otherwise of the Melbourne property market. Different purchasers behave and benefit accordingly," the valuation firm said. 
<div class="page" title="Page 12">
<div class="section">
<div class="layoutArea">
<div class="column">
First home owners have options due to a good supply of existing entry level stock and competitive house and land packages from a range of builders in new suburbs on both sides of the border. 
Similarly the upgrading or relocating family in the region can buy existing stock, build or in many cases buy to occupy and also purchase an investment property, often positively geared, the report noted. 
As the regional property market has proven to be a long game, the downsizers, whether local or relocating, receive the benefit of long term growth and a good choice of lower maintenance homes with room for the van or golf buggy.
Over the past few years, both Albury City Council and Wodonga City Council have undertaken large scale redevelopment projects aimed at revitalising city centres and involving the community in local events, the idea being that the cross city vibe should be complementary rather than us and them.
The report notes Wodonga is certainly gaining ground with strong sales activity and good growth as locals and visitors alike tap into the north-east offering. 
"The local outlook is much the same as the attitude of the region, positive, proactive, productive and steadily more diverse. It is all here bar the beach and people tend to focus on the things they can change, which from a property perspective is the ability to move within the market and invest further in the market.
"No one external big picture factor dominates as low volatility goes hand in hand with stable markets, however as we reach submission deadline, the effects of the emerging COVID-19 pandemic may reach and influence all drivers of all markets," the valuation firm said. 
<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/2020/5/4/albury%201.jpg" alt="">
A Californian bungalow inspired townhouse in Albury has recently been sold for $675,000.
The three bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/sold/property-townhouse-nsw-albury-132951854" target="_blank">692 Jones Street </a>(pictured above). 
It features open plan living, dining and kitchen, oak timber flooring and ample storage. 
<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/2020/5/4/albury%202.jpg" alt="">
A current listing is a 1940s family home located just moments from the Albury CBD.
The <a href="https://www.realestate.com.au/property-house-nsw-albury-133379730" target="_blank">717 Jones Street</a> home (pictured above) has been offered for sale with a price guide of $895,000 - $915,000.
Set on a 1,076sqm allotment, it comprise four bedrooms, formal lounge, renovated kitchen, and separate dining room. 
</div>
<div class="column">
Note regards COVID-19
<div>
This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
</div>
<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

COVID-19 pandemic may influence all drivers of Albury property market: HTW residential 

<html><body><div class="page" title="Page 13">
<div class="section">
<div class="layoutArea">
<div class="column">
Albury-Wodonga has started the year with a semi circle of serious bushfires from north, north-east and south on both sides of the border, with the north-east of Victoria very much in the area and very much affected, according to the latest Herron Todd White (HTW) residential report. 
The report suggests the effects of this disaster are significant, however many townships were spared. Regardless, it will be a long bushfire season and it will take its toll on the entire region.
Shorter term recovery efforts will commence and in the longer term the full extent will be evident.
</div>
<div class="column">
"The underlying challenges will also exist for our tourist towns that were evacuated several times (Bright, Corryong, King Valley) and drove visitors away and no doubt local businesses will feel this along with farmers who have suffered loss of stock, infrastructure and income," the valuation firm said. 
"No one can predict the future but Australian communities working together in the face of disaster is a sure bet and like many other regions affected, the Albury-Wodonga region will display resilience and strength in 2020," they added. 
 This will likely mean that property markets across the region have a subdued start with less stock available and possibly many participants preoccupied by the effects of the bushfires personally, locally or regionally.
The upshot remains that the region offers many property options for home owners and investors alike. 
Overall, sales activity in 2019 was lower than 2018 and this trend may continue in 2020, the report noted. 
Median property prices across the region have held or increased by around four to five percent. The areas to watch in 2020 are Myrtleford, Wangaratta, Corowa and Mount Beauty/Tawonga/ Tawonga South and Benalla.
A Corowa three bedroom house was sold for 180,000 in January.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-corowa-132709378" target="_blank">110 Redlands Roads</a> (pictured below), the renovated house comprises three bedrooms, open plan living and big back yard.
It was last sold for $166,000 in 2018. 
<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/2020/2/17/corowa%20.jpg" alt="">
In Albury-Wodonga, value remains in North Albury, West Albury and Thurgoona.
A recent sale in Thurgoona was a four bedroom, two bathroom house situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-thurgoona-132801634" target="_blank">40 Hinchinbrook Court </a>(pictured below). 
The north-facing home has been sold for $775,000 in January.
The house features open plan living, study, rumpus room, entertainer's kitchen, and remote-control double garage. 
It last sold for $751,000 in 2018. 
<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/2020/2/17/thurgoona.jpg" alt="">
"We are yet to have a smoke free day in the region this year. Let’s hope that when the smoke finally clears, we all appreciate how fortunate we are to have homes in such a terrific part of the country," the valuation firm concluded. 
 
</div>
</div>
</div>
</div></body></html>

Albury-Wodonga markets have a subdued start in 2020 due to bushfires: HTW residential 

<html><body>
The Albury prestige property market offers discerning purchasers a choice of location, size, quality and an array of ancillary improvements, according to the latest Herron Todd White (HTW) residential report. 
The report notes thus far in 2019 there have been 27 dwelling sales in the $700,000 to $1.4 million range, with only four over $1 million.
"Despite the very strong central Albury market dominated by character dwellings, the best address has proven to be modern Chamberlain Close, with three sales over the past two years all between $1.1 and $1.2 million," the valuation firm said. 
The most recent transaction was off market in April when 15 Chamberlain Close sold for $1.2 million.
This is a modern well-appointed circa 2012 home with a pool on a 744 square metre level block within walking distance of the CBD.
This segment of the market is stable and thinly traded due to the sought after location and the very limited stock of new or modern homes in a central location.
"Rest assured that if you have a million dollars to spend in Albury, there won’t be anything to spend once you move in," the valuation firm said.
Just up the hill from the central flats, <a href="https://www.realestate.com.au/sold/property-house-nsw-albury-129626926" target="_blank">699 Uralla Place, Albury </a>(pictured below) sold for $1.08 million in January.
The property is a highly renovated circa 1965 part two level, four-bedroom, three-bathroom, four-car-garage with a pool on a moderately sloping 930 square metre block, proving the market will pay for someone else to do the renovation work.
"The aerial images highlight that at the top end of town, size and amenities matter, but if you are feeling a bit claustrophobic from all house no yard, the prestige residential lifestyle property might tick all the boxes," the valuation firm said. 
<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/2019/11/18/699%20uralla%20pl.jpg" alt="">
"In February, 4 Hawksview Road, Wirlinga (pictured below) sold for $1.1 million, so is comparable to our in town examples price wise," the valuation firm continued. 
Set on 8,098 square metres, there isn’t room for horses however the property comprises the original 1930 cottage in addition to a very well appointed colonial style four-bedroom, two-bathroom, two-car brick home with wrap around verandahs, pool, tennis court and large workshop.
<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/2019/11/18/4%20hawksview%20rd%20.jpg" alt="" style="font-size: 12.16px;">
Albury and only one kilometre from Lake Hume.
"The prestige rural lifestyle market segment again is thinly traded, highly sought after and has a small pool of potential purchasers," the valuation firm stated. 
"To conclude our Albury wish list with the biggest and the best, in March,<a href="https://www.realestate.com.au/sold/property-house-nsw-table+top-129258174" target="_blank"> 26 Old Sydney Road, Table Top</a> (pictured below) was the highest sale at $1.35 million."
<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/2019/11/18/26%20old%20sydney%20rd.jpg" alt="">
Everything about this property was top notch for the area.
A circa 2005, five-bedroom, two-bathroom, three- car residence (324 square metres of living) set on established manicured gardens with panoramic countryside views on 3.15 hectares featuring pool and large workshop only 16 kilometres from town with Lake Hume just down the road.
"There are currently three listings in Albury in the $1 million price bracket. Interestingly, these include a character dwelling in town, a character dwelling on large block in Thurgoona and a rural lifestyle in Table Top, so take your pick, Albury offers the lot," the valuation firm concluded. 
</body></html>

Albury prestige rural lifestyle market segment is thinly traded: HTW residential 

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Manenti Quinlan &amp; Associates, in conjunction with John Hannigan Real Estate Services, have listed the renowned, Ettamogah Pub, Albury.
The Australian icon is located off the Hume Highway, just 16 kilometres north of Albury on a 4.81ha site.
The original creator of the Ettamogah Pub was Ken Maynard who started drawing images of the Ettamogah Pub in 1959. 
It was made famous through his regular cartoons in The Australasian Post. The Ettamogah Mob cartoons, an iconic series of weekly cartoons, were published in the national magazine for nearly 50 years.
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
As a boy Ken would cycle around a water hole called Ettamogah, an Aboriginal word meaning 'place of good drink'. This struck Ken as an ideal name for a pub and hence the infamous Ettamogah cartoons were born.
The actual pub dates back to 1987 when built by Albury businessman Lindsay Cooper.
Albury Ettamogah was used as the base to bring the Ettamogah brand into a themed restaurant and pub chain across Australia. 
Continual development has turned the Albury Ettamogah into a well- known tourist destination.
<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/2019/5/9/albury%202.jpg" alt="">
In addition to hotel trade, the Ettamogah site offers a village with five retail shops, a reception centre, and large dining barn with structures close to completion. Lease negotiations are currently underway with a hairdresser and supermarket operator.
Leonard Bongiovanni of Manenti Quinlan and Associates said it best suited a hands-on operator.
The property has a mid-$3 million price guide with expressions of interest closing June 7.
It has been listed by Leigh O’Brien, who now has projects overseas, with the pub currently operating under management.
The sale includes Ettamogah memorabilia and a 25-year licensing agreement for the Ettamogah Pub name, with a further 25-year option, operating under a royalties scheme.
O’Brien previously held other Ettamogah pubs including one at Kellyville Ridge, in Sydney’s north west, now owned by Woolworths’ ALH, to which he licenses the Ettamogah name.
 
</div>
</div>
</div>
 
</div>
</div>
</div></body></html>

The original Ettamogah Pub at Albury hits the market

<html><body><div class="page" title="Page 34">
<div class="section">
<div class="layoutArea">
<div class="column">
First home buyers are significantly active in Albury-Wodonga, according to the valuation firm, Herron Todd White.
Its first home owners appear to be enticed by their first home being a new home and often this is achievable if they have been living at home or renting affordably whilst saving a deposit. 
However, recent increases in vacant land prices may have given rise to first home owners reconsidering existing dwellings as their starting point, HTW noted.
<div class="page" title="Page 34">
<div class="section">
<div class="layoutArea">
<div class="column">
It noted the detached dwelling sub $200,000 market diminish significantly, in most part due to investors rather than home owners.
"First home owners appear reluctant to buy the basic starter house despite a good supply of dwellings available sub $300,000. 
"Upgraders seem to be on the move with better prices being achieved for basic housing stock and they are paying more as a result for the next home or trying to keep the first home as well."
</div>
<div class="column">
First home owners have options in Albury-Wodonga and a budget of between $280,000 to $350,000 will secure a detached dwelling in a new housing estate or sub $300,000 budget gives options in the existing dwelling market.
A three-bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-albury-126207782" target="_blank">1/300 Norfolk Street</a> (above) in Albury has just sold for $285,000 through Steam Nicholls.
A four-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-albury-126171606" target="_blank">427 Schubach Street</a> in Albury was snapped up for $315,000. The estate agent was Tom Sanderson of Wodonga Real Estate.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/24/Albury2.jpg" alt="">
The upgraders’ budget is around $350,000 to $450,000 depending on the property they are jumping up from and can be spread evenly between new and existing stock.
 The forever home owner has the largest budget range of between $500,000 to $800,000 which may be a build or fully renovated dwelling. 
The downsizer’s budget may also be dependant on where they have divested and is usually between $400,000 and $600,000 - low maintenance, central, all done or ready to tackle major renovation in prime locations with cash to spare. 
HTW noted the last two categories are experiencing competition from many cashed up ex-Sydney or Melbourne relocators and the lower end of market is facing competition from out of town investors. 
Around Albury-Wodonga 85% of dwellings are detached, with the remainder semi-detached with very few units. 
The new housing stock is predominantly 3- to 4-bedroom, 2-bathroom detached dwelling on varying allotment sizes.
There have been some new developments completed with small allotments with a mix of homeowners and renters occupying these dwellings.
HTW noted there was also a recent spike in duplex construction usually with configuration of 3-bedrooms and 1- or 2-bedrooms, although the majority were marketed and sold to the investor market.
"Overall, probably due to the expectation of living in the country, a detached dwelling is preferable, in plentiful supply and still top of mind for most home buyers." 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Albury-Wodonga's affordability attracts first home buyers 

<html><body>
The former federal health minister Sussan Ley has upgraded from North Albury to West Albury.
The Member for Farrer who fought doggedly to hold on to her cabinet portfolio in January has recently settled into her new home with her Gold Coast businessman partner Graham Johnston.
The charming residence, set in her enormous southwest NSW electorate of Farrer, cost $850,000.
It was settled within just 12 days of signing the paperwork. The price well above the $362,000 median house price for the suburb, according to CoreLogic.  
Set on 2100 sqm, her new family home was marketed by Chapman Gould Estate Agents as "epitomising period elegance and beauty while incorporating contemporary luxury and style."
It comes with four bedrooms plus office not far from the Botanic Gardens, the Murray River and the Albury CBD.
Ley was caught up in a summer scandal when details emerged of her so-called off-the-cuff 2015 purchase Main Beach, Gold Coast apartment on Johnston’s Gold Coast and her associated travel expenses.
Ley has now reportedly rented out her former Albury residence as has Johnston done so with his.
Ley, now on a backbench salary, has signalled she will probably sell her old house to fund her new residential mortgage with the local lenders, Hume Bank. 
This article first appeared in the Sunday Telegraph.
</body></html>

firstname1-iYD4UYzvBa

Sussan Ley upgrades Albury homes

<html><body><div class="page" title="Page 35">
<div class="section">
<div class="layoutArea">
<div class="column">
The regional city of Albury in New South Wales was a rising market for houses while for units, it was at the start of recovery, according to valuation firm Herron Todd White's property clock for both April/May. 
The clock is a simple broad brush means of suggesting where property prices are and the direction they are headed.
Over the past few years there has been an increasing trend for people to purchase land on the outer edge of the two cities in the suburbs of Thurgoona, Glenroy, Killara and Baranduda and construct a new dwelling.
The outer edges of the two cities are generally a maximum of 10 kilometres from their respective CBD’s and are therefore not far to commute.
We are also seeing an increase in demand for vacant rural lifestyle and general residential allotments and in the towns surrounding Albury/Wodonga, such as Tangambalanga, Kiewa, Ebden, Howlong, Jindera and Ettamogah, as once again people are preferring to build a new home rather purchase one that may require renovating.
The twin cities have no real areas to avoid with the exception of some government housing areas, although demand for these areas is reflected in their relative low value overall compared to other parts of the twin cities.
We see an ongoing trend for the outer markets to continue to perform and grow because of opportunities of development with large tracts of englobo residential land.
There has however been a recent increase in prices being achieved for vacant land and as such we see these markets as a long-term proposition. 
Property Observer looked up some recent sales in Albury's fringe locations such as Thurgoona and Baranduda on www.realestate.com.au. 
1. The median price of a house in Thurgoona was $340,000 while for units, it was $215,000, according to CoreLogic RP Data. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-thurgoona-120707105" target="_blank">4 Charolais Court Thurgoona NSW 2640</a> fetched $330,500.
<img src="/images/2016/05/25/700_main1.jpg" alt="">
 
2. The median house price in Baranduda was $335,000, according to CoreLogic RP Data. No data was available for units. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-baranduda-122000690" target="_blank">10 Paterson Avenue Baranduda Vic 3691</a> traded for $300,000.
<img src="/images/2016/05/25/main-1.jpg" alt="" width="672" height="504">
 
</div>
</div>
</div>
</div></body></html>

prateek24-ezbwHMbNAk

Albury's fringes show long-term potential: HTW

<html><body>
Melbourne-based developer Hudson Conway has appointed CBRE to sell its Somerset Rise project in NSW's Albury, with offers expected to exceed $10 million. 
The developer wants to exit the project to focus on those closer to its base in Melbourne.
Spanning nearly 42 hectares, the project has already delivered 76 houses across stages one, two and three.
The land holding has been developed over the past few years into a development for house and land buyers, underpinned by its location just minutes from Albury Airport and reputed educational facilities nearby.  
"There are 51 lots ready to be sold or developed as well as 288 undeveloped lots in future stages. We are selling the project as a whole, with the buyer to benefit from the work completed by the vendors to date," said Wizel. 
Wizel expects offers from a range of local developers, from South Australia, Victoria and greater New South Wales.
The average block in Somerset Rise has sold for around $132,500 in the past 18 months.
</body></html>

Hudson Conway to sell remainder of Somerset Rise land holding in Albury

<html><body><div class="page" title="Page 12">
<div class="section">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 12">
<div class="section">
<div class="layoutArea">
<div class="column">
Investor activity from out-of-towners chasing returns underpins the residential property market in the Albury/Wodonga region according to Herron Todd White's February Month in Review.
HTW reported good back-to-back ski seasons, strong events and promotional programs for the region, the area’s move towards the gourmet food and wine industry and proximity to Melbourne all strong factors, with suburbs Bright, Porepunkah and Beechworth worth keeping an eye on.
"In addition Wodonga and Thurgoona are also seeing some growth with new development… the Wodonga CBD is currently undergoing a multimillion dollar redevelopment since the railway diversion and is currently seen as one of the fastest growing Victorian regional towns.
"Thurgoona is also rapidly developing into a large suburb with more land being subdivided and infrastructure continuing to be improved. 
"Affordable residential housing is still available in the surrounding towns of Howlong, Jindera, Holbrook and Tallangatta. They are an easy commute to Albury and provide a relatively inexpensive option, particularly in the $200,000 to $300,000 range. 
"In Albury, the suburbs of Lavington, Springdale Heights and Hamilton Valley continue to remain good value along with parts of North Albury and some of the older established areas of Thurgoona."
 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Albury

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Albury

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News