A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Joel Robinson

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

A new State Significant Development application has been lodged over land at <a href="https://www.apartments.com.au/new-apartments/33-43-marion-street-parramatta-nsw-2150">33–43 Marion Street</a>, Parramatta, proposing a high-rise mixed-use tower that leverages planning incentives to deliver a substantial pipeline of new housing, including a dedicated affordable component.

The scheme, currently on exhibition, combines a shop-top housing development with a concurrent rezoning, positioning the site for a significant uplift in density within Parramatta’s evolving southern CBD fringe.

The proposal, designed by <a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a> for CN Marion, would replace the existing buildings with a 37-storey mixed-use tower, delivering 296 apartments above a retail podium with six basement levels on the 2,376 sqm site.

The residential mix comprises 58 one-bedroom, 207 two-bedroom, and 31 three-bedroom apartments, with communal facilities located on the second level and the rooftop. Ground-level activation is driven by retail and food and beverage tenancies, alongside a publicly accessible through-site link designed to improve pedestrian permeability.

The project includes 194 car spaces, five motorcycle spaces, and 348 bicycle spaces, reflecting a transit-oriented approach in a location directly adjacent to the rail corridor and within walking distance of Harris Park Station.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="3db873ea-62f0-437b-8a6a-eeda154d2dee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20building.png?VersionId=YwzBv8OVHwyRnMLGX4slU7QyhTyMZeOX" />

The design adopts a podium-and-tower composition, with a three-storey street wall addressing Marion Street and a reduced two-storey interface responding to adjoining heritage cottages.

A key component of the proposal is the integration of affordable housing under the NSW Government’s in-fill affordable housing pathway, with units to be retained for a minimum of 15 years. This is paired with a broader public domain strategy that emphasises permeability, deep soil planting, and a landscaped through-site link.

“The strategy prioritises a permeable, well-activated public realm and supports a compact tower form to minimise the building’s footprint while enhancing the quality of the ground-level experience,” the design report states.

The proposal includes a central landscaped courtyard, rooftop communal areas, and planting strategies aligned with local environmental conditions and cultural narratives.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="f0e6c165-9967-4d20-9216-e5b8357c85ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20site.png?VersionId=SRod222LwgDmGZJmJY0wTbK39UrWZLSD" />

The site occupies a prominent corner of Marion and Station streets, roughly 100 metres from Harris Park Station, within a precinct earmarked for significant intensification. While the immediate context is characterised by low- to mid-rise buildings and heritage dwellings, planning controls and recent proposals point to a transition toward high-density development.

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Parramatta has been starved of new apartment supply in recent years. Builder-developers Deicorp and Coronation are the only two currently progressing projects in the suburb. Coronation is nearing completion of <a href="https://www.apartments.com.au/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 Phillip Street</a>, which will be the tallest building in Western Sydney once finished, while Deicorp is delivering <a href="https://www.apartments.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a>, a development comprising over 600 apartments.
</section>

First Look: Plans lodged for 37-storey mixed-use tower in Parramatta

A substantial uplift in height and density is being tested in Lane Cove, with a 225-apartment scheme at 300 Burns Bay Road now on public exhibition as a State Significant Development alongside a concurrent rezoning.

The proposal by <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> would see the demolition of an existing commercial building and associated structures, replaced by a residential development ranging from seven to 15 storeys.&nbsp;

The scheme delivers 225 apartments, including 34 designated as affordable housing, positioning it within the NSW Government’s accelerated Housing Delivery Authority pathway.

The development is arranged as three interconnected residential flat buildings, a response to the site’s long, narrow configuration and sloping topography.&nbsp;

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="c325d40c-ead5-45f4-9d77-5a446b23acc0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20Cove%20pers.png?VersionId=hsCJxT5hj.5kzA6AMInyan1x8mcHeRez" />

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, the project’s designer, describe a built form that is “divided into three sections, each connected by intermediate infill slots which are recessed to establish greater setbacks and further articulate the development.”

Across the scheme, apartments are supported by communal amenity at ground and rooftop levels, including landscaped open space and a rooftop pool. Basement and lower ground levels accommodate parking, storage, and building services, while a new public park is proposed along the eastern edge of the site, replacing part of the existing built form.

The architectural response has been shaped by the site’s pronounced fall towards the Lane Cove River, with building heights stepping down from west to east to reduce visual bulk and respond to adjoining bushland.&nbsp;

The design report notes that “the development has been carefully designed to integrate with the existing topography with the placement of massing and floor levels adjusted respecting the site’s inherent characteristics.”

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="31cc13a5-bc8b-4dc3-b9b1-07c6ec33a82b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20cove%20site.png?VersionId=NiyH3LimQwiHsE6Q7I5g4Grpr5fRdZaX" />

The project is being advanced through a concurrent rezoning process, seeking to increase the permissible height and floor space ratio beyond current Lane Cove LEP controls of 21 metres. Under the proposal, height would reach up to 54.5 metres, reflecting a shift toward higher-density outcomes in well-located urban areas.

Located on a 7,595 sqm site, the development sits within an established high-density residential pocket characterised by mid-rise apartment buildings set within a bushland setting. The site is within close proximity to Burns Bay Reserve, the Lane Cove River, and an extensive network of open space, reinforcing its strategic positioning for increased housing supply.

Level 33 is doing through the Housing Delivery Authority to try and get its Homebush project of <a href="https://www.apartments.com.au/news/nsw/level-33-adds-to-2-000-unit-pipeline-with-new-two-tower-homebush-plans">more than 300 apartments approved</a>.

The developer has over 2,000 apartments in the pipeline, predominantly in Wollongong.

First look: Level 33 proposes 225-apartment Lane Cove tower

Following the completion of its debut Palm Beach apartment development EVA on Tenth, local Gold Coast developer Chippendale Group has launched its latest project in the in demand area.

Chippendale Group, led by fifth-generation Palm Beach local Daniel Chippendale, has kicked off sales at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221&amp;source=gmail&amp;ust=1775884443343000&amp;usg=AOvVaw2GyxnGQKU2XXwTzQ8_VHgi" href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221" target="_blank">ELISE</a>, 68 coastal-infused apartments just 40 metres from the sand on Twenty Fifth Avenue.

[smartcode_project:default project_id=150992 project_image_fid=366023]

Construction is already well underway, a signal of confidence to buyers, following the demolition of the two-storey walk-up and 1990s built house that sat on two sites that have been amalgamated to create a prime corner block.

There are a mix of two- and three-bedroom apartments on offer, starting from $1.4 million.

[smartcode_project:default project_id=150992 project_image_fid=366024]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Elise responds to its coastal setting through a horizontal architectural form with recessed glazing and layered landscaping. The design aims to balance light, shade and sea breezes while creating a defined presence along the streetscape.&nbsp;

Residences have been planned with an emphasis on outdoor living suited to the Gold Coast climate, including large balconies designed as usable outdoor rooms. Interiors will feature a selection of European appliances and natural materials, including New Zealand wool carpets.&nbsp;

[smartcode_project:default project_id=150992 project_image_fid=366033]

Resident amenities are centred around a wellness-focused ground-level precinct. There will be private access to a heated swimming pool, sauna, cold plunge and gym, alongside a residents’ lounge with dining and entertaining space.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a> is located towards the northern end of Palm Beach, which puts it just a short walk to Tallebudgera and Currumbin Creeks. At the end of the street is the newly extended Oceanway, a 36-kilometre pathway that runs up and down the Gold Coast.

Chippendale is targeting a late 2027 completion date for <a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a>.

[smartcode_project_cta:default project_id=150992]

Chippendale Group launches Elise, 40 metres from the Palm Beach sand

Sydney developer <a href="https://www.apartments.com.au/new-apartments/31-41-o-hara-street-marrickville-nsw-2204">Third.i</a>&nbsp;has announced a new transport-oriented development in one of Sydney Inner West’s most sought-after metropolitan locations, delivering much needed housing within steps of world-class public transport and vibrant village life.

Located at&nbsp;31-41 O’Hara St,&nbsp;Marrickville, the proposed mixed-use development will include around 300 apartments, with up to 17 per cent dedicated to affordable housing, reinforcing Third.i’s commitment to creating inclusive, well-connected communities that support a diverse mix of residents who keep Sydney’s neighbourhoods thriving.

Located just 100 metres from the new Metro station, the development places residents within minutes of the CBD while offering seamless access to the Inner West’s cafés, retail, and local services. Anchored within a thriving local centre, the project supports everyday living without reliance on cars, while also delivering new public open space for the local community, including a new park and landscaped green areas, alongside high-quality private resident amenities.

Florian Caillon, Head of Acquisitions for Third.i Group, said the project builds on the company’s ongoing work alongside the NSW Government to deliver housing and amenity alongside major transport infrastructure. Amenity includes an activated pedestrianise retail strip that connects Illawarra Road down to the pocket park, and health and wellness facilities.&nbsp;

“Delivering housing of this scale within an established village is a rare opportunity, and few companies have achieved residential outcomes of this size at a village centre," Caillon said.

"We are excited to set a new standard for urban living in the heart of Marrickville,” he said.&nbsp;

The inclusion of affordable housing has been welcomed by frontline workers.

“We are supportive of developments which will allow essential workers like nurses, midwives and carers, the opportunity to live in the communities they care for," said&nbsp;Michael Whaites, General Secretary of the NSW Nurses and Midwives’ Association..

“Many healthcare workers tell us they would like to live closer to where they work, but are being priced out of the market, forcing them to move further away.&nbsp;

“Dedicated apartments for essential workers will support recruitment and retention in local hospitals and aged care facilities, helping to strengthen our health system.”

The project has been declared State Significant Development (SSD) by the Housing Delivery Authority (HDA).

Third.i to deliver 300 apartments in Marrickville TOD precinct

Bathurst

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Macquarie, the oldest farm and oldest continuing residence west of the Great Divide, has been listed for July 5 auction.
The 1820s convict barracks and the homestead, built a few years later, have been restored by Paul and Bonny Hennessy, who became just the third owners of the property in 2012.
When the Hennessys secured the property, the homestead was uninhabitable.
Since then they have employed more than 250 tradespeople and labourers.
<a href="https://www.propertyobserver.com.au/https://raywhiteemc.com/properties/rural/nsw/bathurst-2795/mixed-farming/2115294" target="_blank">The 1150 acre Macquarie</a> is situated 12 kilometres south-east of Bathurst at The Lagoon.
With its early Colonial/Georgian homestead, Macquarie contains part of the original 1000 acre land grant to Lieutenant William Lawson by Governor Lachlan Macquarie as Lawson’s reward for his contribution in finding a way across the Blue Mountains.
Lawson was to become fond of Macquarie and in his honour renamed Discovery Farm after him, apparently following a Vice-Regal visit during one of Macquarie's tours of inspection.
Macquarie, in it’s 200 years of colonial history, has only had two owners prior to the Hennesseys.   
It had remained in the Lawson family until 1918 when it was sold to the McKibbin family.
One of the McKibbin's was Tom McKibbin who lived at Macquarie with his wife, Edith.
A colourful character, Tom was an Australian Test cricketer n the 1890s whose 1896 tour of England saw his bowling action the subject of some controversy.
Bill Marshall and Pat Bird at Ray White have the listing.
This article first appeared in The Weekend Australian. 
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Early 1800s Macquarie farm at Bathurst listed for July auction

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Alloway Bank, the historic NSW Bathurst district estate of the colonial ­customs collector, Captain John Piper, has been sold.
After spending just short of three years on the market, the property fetched $2.15 million, within its steadfast guide of $1,995,000 to $2.4 million.
It was sold by Century 21 Bathurst agent Tom ­Clyburn, who took on the listing earlier this year.
The buyers are a family from Bondi Junction whose forebears, George (pictured) and William Suttor, were the second owners of the Eglinton residence.
The house, rebuilt in the 1870s with Flemish bond brickwork, sits on 11 hectares.
Its European settlement dates back to an 1827 land grant from Governor Thomas Brisbane to Piper who relocated to the farm after losing the Point Piper harbourfront, Henrietta Villa.
After the 1838 drought, the wool slump and 1840s depression, Piper was also forced to sell Alloway Bank to the pastoral Suttor family in 1845. It last sold in 1995 for $580,000.
This article was first published in the Sunday Telegraph. 
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jchancellor-FAypfDUnLy

Alloway Bank, Bathurst sells after nearly three years on the market

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Macquarie, the oldest farm and oldest continuing residence west of the Great Divide, is set for an open day after its recent restoration.
The 1820s convict barracks and the homestead, built a few years later, have been restored and the formal rooms will be <a href="https://www.nationaltrust.org.au/event/macquarie-open-day/" target="_blank">open for viewing</a>.
A plaque will be unveiled by former Governor of New South Wales, Dame Marie Bashir, patron of the Macquarie Society this weekend. 
Circumstantial evidence supports the assertion Macquarie is the oldest farm and oldest continuing residence west of the Great Divide.
It contains the original 1000 acre land grant to Lieutenant William Lawson by Governor Lachlan Macquarie as Lawson’s reward for his contribution in finding a way across the Blue Mountains.
Lawson was to become fond of Lachlan Macquarie, and in his honour renamed Discovery Farm as Macquarie, apparently in honour of a Vice-Regal visit during one of Macquarie's tours of inspection.
Macquarie, in it’s  200 years of European history, has only had two owners prior to the Hennessey’s, namely, the Lawson and McKibbin families.   
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Macquarie remained in the Lawson family until 1918 when it was sold to the McKibbin family.
One of the McKibbin's was Tom McKibbin who lived at Macquarie with his wife, Edith. A colourful character, Tom in the 1890s was an Australian Test cricketer whose 1896 tour of England saw Tom's bowling action the subject of some controversy.
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Paul and Bonny Hennessy became just the third owners of the property in 2012 when they bought it with a commitment to restore it to its former glory.
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Since then they have employed more than 250 tradespeople and labourers.
Macquarie is situated 12 kilometres south east of Bathurst at 3397 O’Connell Road, The Lagoon around eight kilometres from the Great Western Highway.
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For the past five years Paul and Bonny Hennessy have been working to save for posterity the most historic curtilage west of the Great Divide in particular, the early Colonial/Georgian homestead.
When they secured the property, the homestead was uninhabitable.
The two storey convict barracks were falling down.
It was the first farm over the mountains when 100 head of cattle moved on to the property in 1815.
 <img src="https://www.urban.com.au/images/2018/3/16/MQ%202.JPG" alt="">
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Restoration of historic Macquarie farm at Bathurst

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The Dudley Hotel, Bathurst, is set for auction on December 15.
Manenti Quinlan and Associates of Sydney and Thomas Cooper and Company of Newcastle have been appointed as agents.
The Dudley Hotel is a regional icon in one of the fastest growing regional areas in New South Wales.
The hotel has a wonderful streetscape with a wrought iron wrap-around verandah.
The hotel has been refurbished.
Bathurst is just over two hours from Sydney in a region steeped in history with a continually growing tourism focus.
The hotel provides an offering across food, beverage and gaming.
The marketing indicates trading figures demonstrate "excellent" cash flow and identify the continual growth of the business.
The hotel occupies a strategic 2,914 square metre site with extensive on-site parking.
"The Dudley Hotel is undoubtedly one of the best regional hotels to come to the market in the last five years," Gerry Quinlan of Manenti Quinlan said.
He expects interest from interstate as well as local buyers.
Richard Thomas of Thomas Cooper and Company believes that the stable and vibrant Bathurst economy provides security to potential investors.
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j.ballantyne1990-6AQqhLzZaK

Leading NSW regional hotel in Bathurst set for auction

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Around three quarters of all residential sales in Bathurst are between $300,000 and $500,000, according to Herron Todd White’s latest monthly market report.
The property advisory firm noted a correlation between the sale price and the average income in the area.
It advised the majority of home owners are able to service mortgages at these prices.
The size to which dwellings can be built is determined by this limitation in relation to the cost of construction.
In this bracket properties range from slightly dated 60 year old three bedroom, one bathroom dwellings to modern brick veneer four bedroom dwellings with an en suite.
At $500,000 such a dwelling could comprise over 200 square metres of living area alone.
An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-bathurst-123592886" target="_blank">6 McLean Street</a> (pictured above) that is for sale for $519,000.
HTW noted a new limitation is then reached in that there is a point when a dwelling can be too large for practical purposes.
"That corresponds with why the majority of properties at $600,000 or more comprise small acreage," the report said.
At the moment anything under $300,000 is being snapped up as soon as it is available. The reason that there are not as many sales in this price bracket is because fewer become available. Although new dwellings continue to comprise a large percentage of sales, this is influenced by the lack of listings that are currently becoming available in established areas.
"This would also skew the areas of higher activity, but not necessarily the level of change in value," the HTW report said.
"This is further influenced by the personal circumstances of purchasers determining the time frame available to allow location to be as important a determinant as the need for accommodation."
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Property supply lacking as demands increase in Bathurst: HTW

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NSW's centres of Bathurst/Orange have been a rising market for houses while units are at the start of the recovery cycle, according to valuation firm Herron Todd White's property clock -- a simple broad brush means of suggesting where property prices are and what direction they're headed. 
Like Sydney, the larger centres of Bathurst and Orange include a collection of suburbs. Surrounding the established areas and retail districts, the suburbs have their own characters as a result of previous, current, and planned development.
Google Maps shows the localities around Bathurst including Gormans Hill, Kelso, Robin Hill, Llanarth, Windradyne and Eglinton. Around Orange there is Glenroi, Warrendine, Calare and Bletchington. Neither of these is an exhaustive list.
The suburbs compete and can exceed in terms of land value with central localities, particularly if they have, or plan to have, large modern houses and good amenities. The variability, and sometimes the inferiority, of older central development can hold those areas back. In addition the market power of families who on average prefer a modern house and surroundings, as opposed to the relative market power of retirees and students who, for example, prefer to be closer to town, evens out the market.
In terms of investment, student-specific accommodation has reduced the demand and volatility for central accommodation in the general market, while incomes are a determinant of what can be achieved in the suburbs. 
Property Observer looked up recent sales in some of the fringe suburbs such as Gormans Hills (Bathurst) on www.realestate.com.au.
1. The median house price in Gorman Hills is $295,000, according to CoreLogic RP Data. No data was available for units. Among the recently sold was a four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-gormans+hill-122431910" target="_blank">46 Fish Parade Gormans Hill NSW 2795</a> for $275,000.
 
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2. The median house price in Eglinton was $365,000, according to CoreLogic RP Data. As an example of recent sale, a three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-eglinton-121180614" target="_blank">25 Cottonwood Drive Eglinton NSW 2795</a> fetched $355,000.
<img src="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%209.33.42%20AM.png" alt="">
 
 
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Fringes of Bathurst and Orange can compete with central locations on land value: HTW

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NSW’s Bathurst (postcode 2795), one of Australia's oldest inland settlements, sits on the list of the most-searched suburbs in Australia in 2015 by rent.com.au.
The median rent for all rental properties advertised in Bathurst in the 30 days till February was $312 per week, up 4.17 percent or $12.50 from the previous quarter. 
The surrounding suburbs of Gormans Hill, Kelso, Mitchell, South Bathurst and West Bathurst, however, had a median rental of $350 in the 30-day period, and showed no change over a 90-day period too.
The average days on market for all rental properties advertised in Bathurst within the 90 days monitored was 29 days, nine days shorter than the previous quarter and 11 less than surrounding suburbs.
The price range was relatively narrow for properties advertised in the 30 days, with the lowest at $160 per week for a one-bedroom place and $440 pw being the highest for five-bedroom dwellings.
A total of 92 rental properties were advertised in Bathurst in the 30-day period, up four from the previous 30 days. Of these, there were 71 houses and 21 apartments. 
The regional city’s property composition made up for 72.3 percent houses and 27.7 percent apartments, according to <a href="https://rent.com.au" target="_blank">rent.com.au</a>’s report. 
Bathurst has a total of 1,389 rental properties, making up 48.9 percent of all properties in Bathurst (ABS, Census Data, 2011). 
Property Observer zeroes in on two examples of recently advertised dwellings around the median price on <a href="https://rent.com.au" target="_blank">rent.com.au</a>:
<img src="/images/2016/04/14/rocket.jpg" alt="" width="592" height="404">
<ol>
<li>A three-bedroom unit at <a href="https://www.rent.com.au/property-unit-bathurst-2795-1694811" target="_blank">2/90 Rocket Street</a> (above) is available for rent at $330 per week. </li>
<li>
A three-bedroom house at <a href="https://www.rent.com.au/property-house-bathurst-2795-1692817" target="_blank" style="line-height: 1.3em;">98 Durham Street</a> (below) is up for rent for $295 per week. 
</li>
</ol>
<img src="/images/2016/04/14/durham.jpg" alt="" width="565" height="460">
The ASX-listed Rent.com.au Ltd achieved a record 615,405 unique visitors to its website in January, followed by more than 610,000 unique visitors in February.
Landlords are able to list their property for free in a limited time offer on <a href="https://www.rent.com.au/" target="_blank">rent.com.au</a>.
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