<a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a> has received development approval for Archer &amp; Albert, a 32-storey, mixed-use residential development in the heart of Chatswood.

Located at 57–61 Archer Street and 34 Albert Avenue, <a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> will deliver 150 new homes, including affordable housing, alongside ground-floor and podium retail, commercial space, a heritage house activated as a café, additional ground-level activation, and a landscaped publicly accessible park designed for community use.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> is one of the few large-scale residential developments in the heart of Chatswood City to progress through a council-led architectural design competition and secure development approval, positioning it at the forefront of design led housing.&nbsp;

<img alt="Archer" data-entity-type="file" data-entity-uuid="33cb754a-1493-4203-bd16-096d320597f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C03_EXT_StreetScape_ID1.jpg?VersionId=oLUPFVAMxuRUTH1Bwki16R48cEo.vLeB" />

Designed by global architecture practice <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, long-term collaborators of the Coronation team, the project draws inspiration from the Sydney Blue Gum High Forest and the leafy character of the South Chatswood Heritage Conservation Area. The design integrates a restored heritage-listed home and establishes a landscaped connection between Chatswood’s urban centre and its surrounding residential neighbourhoods.&nbsp;

“This is an important project for us and our first entry into the North Shore,” said Joe Nahas, Managing Director of &nbsp;Coronation Property.&nbsp;

“We are deliberate about where we invest and build, <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> stands out because the fundamentals are already strong. Transport, employment, education, retail and health are all in place. Archer &amp; Albert is about adding new housing into a centre that already works and building on what exists.”&nbsp;

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="620fcd78-00be-489b-823a-ca353387b91b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C04_EXT_PARK_HA_ID2.jpg?VersionId=NxSl04Zl1rzt94xlXNA6CNzSR9XMyLgP" />

Aras Labutis, Head of Urban Transformation at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said the project reflects a disciplined, collaborative approach to city shaping.&nbsp;

“Chatswood sits at an important junction between high-density commercial activity and established residential &nbsp;neighbourhoods," Labutis said.

"Our focus for Archer &amp; Albert was to manage that transition carefully, respecting what’s already there &nbsp;while contributing something new that feels deliberate and enduring."

The approved scheme delivers:&nbsp;

<ul>
	<li>A 32-storey mixed-use tower comprising 150 homes, including 41 affordable housing dwellings • 530sqm of ground-floor retail, dining and commercial offerings&nbsp;</li>
	<li>A 760sqm wellness tenancy integrated within the podium&nbsp;</li>
	<li>A restored heritage building, thoughtfully reimagined as a café overlooking the park&nbsp;</li>
	<li>A landscaped public park, designed as a calm green retreat in the heart of Chatswood&nbsp;</li>
	<li>Resident amenities include a premium gym, golf simulator, mahjong room, dedicated wellness areas, private &nbsp;dining facilities and a curated wine room&nbsp;</li>
	<li>Deep private balconies designed to capture outlooks and northern light&nbsp;</li>
	<li>A refined material palette of natural stone, timber and terracotta&nbsp;</li>
</ul>

[smartcode_project_cta:default project_id=29796]

Joel Robinson

Coronation receives green light for Archer & Albert apartments in Chatswood

Leading Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a>, in partnership with Metrics Credit Partners, has officially broken ground on its landmark $1.8 billion Kings Bay Village project in <a href="https://www.apartments.com.au/developments/five-dock-nsw-2046">Five Dock</a>, marking the beginning of construction on one of the most significant urban renewal precincts within the Parramatta Road Corridor.

A sod-turning ceremony was held at the project site on Parramatta Road, with NSW Premier Chris Minns and NSW Planning Minister Paul Scully joining Deicorp Chairman Fouad Deiri OAM and Metrics CEO and Managing Partner Andrew Lockhart, to mark the significant milestone.

Located at 129-154 Parramatta Road, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> will transform more than three hectares of underutilised land into a highly connected new neighbourhood comprising 1,185 homes, including 218 affordable dwellings for essential workers, alongside new retail, commercial, and community spaces.

[smartcode_project:default project_id=146120 project_image_fid=356895]

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, the precinct blends crafted brick architecture with a pedestrian-focused urban layout across six buildings of varying scale. The project will deliver 14,700sqm of retail and commercial space, 6,500sqm of public open space, and a new 2,290sqm landscaped park and civic plaza that will form the social heart of the community.

Kings Bay Village is positioned minutes from the future Five Dock Metro Station, supporting the NSW Government and City of Canada Bay Council’s shared ambition for a more connected, liveable and revitalised Parramatta Road Corridor. Deicorp will also contribute more than $80 million towards new and upgraded local infrastructure, including pedestrian laneways, an activated streetscape and significant public domain works.

Fouad Deiri OAM, Chairman of Deicorp, said Kings Bay Village represents a defining opportunity for Sydney’s Inner West.

&nbsp;“Today marks the beginning of a precinct that will deliver lasting benefits for the Five Dock community - new homes, new open spaces, and a vibrant mixed-use environment that brings people closer to transport, services and amenities,"&nbsp;Deiri says.

“We are proud to be delivering much-needed housing, including affordable homes for essential workers, in partnership with the NSW Government and the City of Canada Bay. Kings Bay Village is urban renewal at its best - thoughtful, connected and community-focused.”

[smartcode_project:default project_id=146120 project_image_fid=356894]

Metrics CEO and Managing Partner Andrew Lockhart said the company is proud to support more housing and infrastructure in a key Sydney corridor. 
&nbsp; 
“Metrics and Deicorp share a proven track record of delivering high-impact projects that align closely with the NSW Government’s housing and infrastructure priorities. Kings Bay Village marks our most significant Sydney development to date, offering quality homes, essential infrastructure, and dynamic public spaces.” 
&nbsp; 
“This project reflects our ongoing commitment to creating value by supporting economic growth, job creation, and delivering excellent outcomes for our investors,” he said.

With Kings Bay Village now underway, Deicorp’s pipeline of apartments under construction across Sydney has increased to 5,102. Kings Bay Village is scheduled for completion in Q2 of 2029.

[smartcode_project_cta:default project_id=146120]

NSW Premier and Planning Minister join Deicorp and Metrics to break ground on $1.8 billion Kings Bay Village precinct

When Antoinette Chan and her architect husband, Peter began casually searching for an investment property, they weren’t expecting it to evolve into a life-changing family decision.

But one visit to the display suite of <a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-1-11-rodborough-avenue-crows-nest-nsw-2065">KOYO</a> development in Crows Nest changed everything, and sparked a remarkable story of three generations choosing to live side by side in one of the suburb's most architecturally-striking new developments.

Antoinette, her mother Janet Khoo, and her sister, who is currently living in Singapore, each purchased an apartment in the same building, creating a rare and meaningful multi-generational living arrangement underpinned by modern design, community values, and premium convenience.

[smartcode_project:default project_id=108800 project_image_fid=356083]

“It wasn’t planned,” says Antoinette, who purchased a three-bedroom garden apartment with her husband and teenage daughter. “Peter came across KOYO and encouraged me to visit because he had a lot of respect for Abadeen’s previous work. As soon as we saw it, we knew it wasn’t just an investment, this was a home.”

Shortly after, Antoinette suggested her mother, Janet Khoo, take a look at the same development. A long-time inner-city resident who had recently sold her property in The Rocks, Janet had experienced some health setbacks and was contemplating a move closer to her daughter.

“I walked into the display apartment, and it just felt right,” says Janet. “I didn’t look anywhere else. The space, the simplicity of the design, the light, everything gave me a sense of peace. It’s a new beginning, but it also feels like home.”

[smartcode_project:default project_id=108800 project_image_fid=356093]

In a stroke of serendipity, Janet selected the two-bedroom apartment next door to her daughter, completely unaware of Antoinette’s purchase. Around the same time, Antoinette’s sister, who resides in Singapore, viewed the property via a virtual tour and chose to buy the apartment directly above Janet’s.

“We were all drawn to KOYO individually, and it just happened that our homes ended up vertically stacked, ground, first, and second floor,” Antoinette laughs. “It was a coincidence, but also a sign. This is where we’re meant to be.”

Designed by celebrated architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, KOYO delivered on all fronts for the Chan-Khoo family.

“Our garden apartment gives us the feel of a standalone home but with none of the maintenance,” says Antoinette. “All three bedrooms open onto a generous private garden, which is perfect for our dog Archie, and for entertaining. The open-plan layout and high ceilings make it feel airy, calm and luxurious.”

[smartcode_project:default project_id=108800 project_image_fid=356092]

For Janet, security and accessibility were top priorities, and KOYO offered the ideal balance.

“At my age, I didn’t want to be climbing stairs,” she explains. “The first-floor apartment opens directly to the garden, and the building is small, which gives it a more personal, village-like feel. Yet I’m just steps away from my daughter and granddaughter. That gives me so much peace of mind.”

The family also appreciated the thoughtful amenities that avoided the excesses of some larger developments.

“We didn’t want a complex with too many facilities we wouldn’t use,” explains Antoinette. “KOYO has everything we need, generous storage, secure parking, beautifully landscaped walkways, and a stunning rooftop terrace with BBQ facilities that feels serene rather than busy.”

[smartcode_project:default project_id=108800 project_image_fid=355428]

The location was another critical factor in the family’s decision. Though they had always lived closer to Sydney’s eastern suburbs, Antoinette says the transformation of Crows Nest was a revelation.

“When we returned from living overseas, we discovered Crows Nest had become this vibrant, walkable hub,” she says. “We love being able to stroll to cafés, restaurants, and shops on Willoughby Road. The new Metro makes the commute into the CBD effortless, and our daughter can walk to her school, it’s just next door."

Janet agree. “I was worried about giving up my inner-city lifestyle, but I’ve fallen in love with this area. It has everything I need, supermarkets, quiet streets, friendly faces, and it’s all a short walk away. I feel safe, independent, and connected.”

[smartcode_project:default project_id=108800 project_image_fid=356085]

While design and location were important, the family also credits their decision to Abadeen’s reputation and responsiveness. With decades of experience delivering high-quality residential projects, Abadeen’s track record helped build trust during a volatile market period.

“The waiting game was tough, especially after selling my old apartment,” says Janet. “But the Abadeen team kept me updated every step of the way. They were professional, courteous, and transparent.”

Antoinette said Peter works in property and had already heard of Abadeen. "The quality of their work really impressed us, and as the project neared completion, they went above and beyond to keep us informed and supported. That level of communication is rare.”

Only a handful of three-bedroom residences remain for sale, priced from $3.5 million.

[smartcode_project_cta:default project_id=108800]

Three generations, one address: How a family found sanctuary and connection at Abadeen's KOYO in Crows Nest

Sydney-based developer Gold Partners Australia is making its move on the Gold Coast, launching what is one of the most affordable towers to the booming Broadbeach market.

Its <a href="https://www.apartments.com.au/new-apartments/harmony-on-broadbeach-2797-gold-coast-highway-broadbeach-qld-4218">Harmony on Broadbeach</a> project, just 400m from the beach, has prices starting from $975,000 for its two-bedroom apartments that measure nearly 90 sqm internally.

[smartcode_project:default project_id=113098 project_image_fid=355607]

There will be 113 two- and three-bedroom apartments spread out across the 33-storey tower on the 1,201 sqm site that will front First Avenue. Gold Partners Australia, which has delivered several major projects in Sydney's Norwest and has an active pipeline with projects in Hornsby and Carlingford, secured the block vacant, and want to start preliminary site works early next year through their in-house construction capability.

DBI Architects designed the tower with a four-level podium which will have an open-air swimming pool, sun deck, outdoor lounges, alfresco dining spaces, and a gym with adjoining yoga lawn. A hospitality venue will anchor the building at street level.

[smartcode_project:default project_id=113098 project_image_fid=355611]

Olympus Property Group is selling Harmony on Broadbeach on behalf of Gold Partners Australia. Olympus Director Deanna Lockett says the project is resonating with everyone from locals, investors, those moving from interstate, and second home buyers from Brisbane.

"There's been nothing new come to the market in Broadbeach at this price point for nearly a year," Lockett recalls. "It hits the sweet spot of affordability, good sized apartments, in a great location."

Construction will commence in Q2 2026, and wrap up, all going well, by the end of 2028.

[smartcode_project_cta:default project_id=113098]

Harmony on Broadbeach launches to booming Gold Coast suburb

Display apartments play a crucial role in helping buyers imagine how a space will look and feel once complete.

At <a href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004">The Albertine</a> in Melbourne, development giant Mirvac has partnered with furniture maker and retailer MCM House to create a fully furnished, full-scale prototype that showcases the proportions, finishes, and design intent of the project’s three-bedroom residences.

As an added incentive, purchasers of any two- or three-bedroom apartment can receive up to $50,000 worth of MCM House furniture, allowing them to curate their new home with the same craftsmanship, contemporary design, and aesthetic showcased in the display apartment.

<a data-entity-type="file" data-entity-uuid="ae2e947b-2d51-4288-88fa-a35638e3be0f" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%209.27.26%E2%80%AFAM_1.png?VersionId=T5uSwgtTFwd1m5EdQF1inB.tBDgxqbtZ" /></a>

Oversized sofas, solid timber dining tables, and relaxed, low-profile seating demonstrate how the space accommodates real furniture, helping buyers clearly visualise how their new apartment could look, complete with pieces that genuinely suit the scale and design of the home.

The styling is simple but deliberate, with materials that pick up on the apartment’s natural light and neutral tones, creating cohesion without crowding the space.

<a data-entity-type="file" data-entity-uuid="355f10d8-ee75-4546-a42e-4a54abcc806e" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="file" data-entity-uuid="3e0b920b-3f17-47f0-8885-f67697a5f842" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%201.17.07%E2%80%AFPM.png?VersionId=tPcmBls5kt_SLqE2ONXrxgk5SnC1xERs" /></a>

Mirvac is now welcoming buyers through the display at The Albertine. Quietly yet conveniently positioned just off St Kilda Road on Queens Road, the development has attracted strong interest from inner-Melbourne and Bayside downsizers, professional couples seeking luxurious low-maintenance living, and design-focused buyers who want proximity to the CBD.

Apartments have been designed by Mirvac's inhouse design team with owner-occupiers at the forefront.&nbsp;The living and dining areas open directly onto a balcony, reinforcing the project’s emphasis on indoor-outdoor flow, while kitchens feature integrated appliances and soft-curve cabinetry which mirror the larger architectural themes at play throughout the building.

<a data-entity-type="file" data-entity-uuid="e8f9b371-17e1-4122-a615-074113096135" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%209.30.16%E2%80%AFAM.png?VersionId=NCYvtMavnE1_YDhX6slAr7g84MWP0Ymp" /></a>

The Albertine offers one to four-bedroom residences complemented by exclusive resident-only amenity, including The Circadian Club, a wellness centre with an indoor pool and spa, gym, yoga and Pilates studio, and sauna, as well as The Elysian Room, a private dining space on level 10 with sweeping views across Melbourne.

Mirvac will welcome residents to The Albertine in 2026, having recently celebrated topping out the&nbsp;

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>&nbsp;recently topped out&nbsp; the topping out of The Albertine, with completion expected in 2026.

To find out more about the generous furniture offer with MCM House, enquire below.

[smartcode_project_cta:default project_id=138659]

Mirvac unveils The Albertine display, offering up to $50k in MCM House furniture

Buyers

Developers ID_Land has seen a wave of local owner-occupiers snap up townhomes at their latest residential development, Port Lane.

With only three residences left of the original 122, the campaign has been deemed a success by the project team.

[smartcode_project:default project_id=89720 project_image_fid=147504]

“Our buyers are made up of owner-occupiers from the local area”, the developers said.

<blockquote>
"They have been drawn to the bayside location, amazing architecture by Rothelowman coupled with the stunning interiors by Hecker Guthrie.”
</blockquote>

The exteriors of each townhome embrace the coastal setting, including verdant entrance pergolas and generous outdoor space.

Hazy thresholds are united with timber floorboards and joinery, whilst large windows create a relaxed ambience.

[smartcode_project:default project_id=89720 project_image_fid=147514]

A seamless transition to the terrace creates the ultimate entertaining area for friends and family alike.

Port Lane is located minutes from the connectivity of the West Gate Freeway, with easy access to greater Melbourne and beyond.

[smartcode_project:default project_id=89720 project_image_fid=147509]

Residents can explore the outdoors, from the Bellarine Peninsula or at Southbank’s entrainment and dining precinct.

Families are spoilt for choice with lush parks and gardens, including Albert Park Lake, the Royal Botanic Gardens, and the Westgate Park trails along the Yarra River.

<blockquote>
“Our price-point has also been a big driving factor”, the project marketers said.
</blockquote>

“People have been pleasantly surprised they can get this level of finish and size in this location for a very attractive price.”

It also helps that ID_Land have a strong track record giving people the comfort to buy off the plan with a trusted developer.

[smartcode_project:default project_id=89720 project_image_fid=147506]

Current projects include Canvas in Brunswick, Yarraville Place in Yarraville and The Walter in Hadfield.

The development is located a five-minute walk to Port Melbourne Beach, a seven-minute drive to South Melbourne Market and a 20-minute tram trip to the CBD.

[smartcode_project_cta: project_id=89720]

Developers ID_Land has seen a wave of local owner-occupiers snap up townhomes at their latest residential development, Port Lane

max.kwok_55688

Why local owner-occupiers are snapping up Port Lane townhomes in Port Melbourne

<html><body>
EXPERT OBSERVER
With the national housing market moving through its down phase and buyer numbers thin on the ground, properties are taking longer to sell as vendors face stiff competition and purchasers take their time to negotiate the best possible price.
Over the three months to April 2019, the median time on market for a dwelling nationally was 60 days. As the chart shows, the typical selling time has risen significantly over recent months and is up from 35 days at the same time a year ago.
The rapid rise in time on market is symptom of higher supply (advertised stock levels across the combined capitals are at their highest level for this time of the year since 2012) and less demand (capital city settled sales are down 16% year on year).
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%201.JPG" alt="">
 
Across Sydney, properties were typically taking 62 days to sell in April 2019 while in regional NSW properties were taking 76 days.
At the same time a year earlier, Sydney properties took 31 days to sell and regional NSW properties took 50 days.
As both housing markets have weakened there has been an ongoing steady increase in days on market.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%202.JPG" alt="">
Over the past three months, Melbourne dwellings have typically taken 43 days to sell compared to 27 days over the same period in 2018.
In areas outside of Melbourne, properties are typically taking 54 days to sell compared to 37 days a year ago.
Although days on market fell over the past month in Melbourne, properties are taking longer to sell than in recent years while in regional Vic there has been a recent spike in days on market.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%203.JPG" alt="">
Dwellings in Brisbane have taken 60 days to sell over the past three months while in regional Qld they have taken 77 days.
Over the same period in 2018, Brisbane dwellings were taking 34 days to sell and regional Qld dwellings took 47 days.
Although values have declined over the past year in Brisbane and regional Qld it has been a much more moderate decline than in Sydney and Melbourne.
Despite this fact, there has been a sharp spike in days on market highlighting that selling conditions have become much tougher despite values having only fallen moderately.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%204.JPG" alt="">
Properties in Adelaide are currently taking 54 days to sell compared to 45 days at the same time a year ago.
In regional SA, properties were taking 92 days compared to a slightly higher 95 days currently.
Although days on market in Adelaide is higher than a year ago, the results are a little volatile and they have been fairly steady over the past four years.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%205.JPG" alt="">
Perth properties were taking 48 days to sell a year ago compared to 62 days currently.
In regional WA, the days on the market figure is currently 76 days, slightly higher than it was a year ago (73 days).
Despite the ongoing weak housing market conditions over recent years in Perth and regional WA the days on market figure has been fairly steady.
This would seem to suggest that Perth vendors are setting appropriate initial list prices or are willing to reduce prices to meet the market.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%206.JPG" alt="">
A year ago dwellings in Hobart were typically taking 9 days to sell and in regional Tas they were taking 39 days.
As dwelling value growth has slowed over the past year, days on market has increased to 32 days in Hobart and 58 days in regional Tas.
As the housing market is expected to continue to slow over the coming months, days on market may continue to climb unless vendors adjust their price expectations appropriately.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%207.JPG" alt="">
In Darwin, properties are currently taking 77 days to sell compared to 67 days a year ago.
Regional NT results are quite volatile because of the low volume of sales however, a year ago sales were taking 75 days compared to 81 days currently.
Despite the ongoing value falls in Darwin there hasn’t been a blowout in days on market although it has recently broken its reducing trend.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%208.JPG" alt="">
The days on market figure for Canberra has started to fall over the past month but it has risen from 31 days a year ago to 52 days as the housing market has slowed.
Overall the data points to a longer period of negotiation before a sale.
This reflects the conditions of tougher finance and fewer buyers. In order to have the best chance of achieving a sale vendors should set realistic prices, maximise their marketing campaign to ensure their property stands out from the competition and be prepared to meet market expectations.
<img src="https://www.urban.com.au/images/2019/5/23/May%2023%20CL%20pp%209.JPG" alt="">
CAMERON KUSHER is the head of research for the Australian branch of CoreLogic
Kusher regularly posts on the <a href="https://www.corelogic.com.au/taxonomy/corelogic-people/cameron-kusher" target="_blank">CoreLogic website</a>.
</body></html>

ckusher-ujnxiKuFQs

Buyers in control as median selling time trends higher: Cameron Kusher

<html><body>
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.

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.

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.

Established areas in Western Sydney can provide two to three-bedroom units and in some cases townhouses.

[smartcode_project:default project_id=8590]

In Parramatta, with its wider supply of units, the $700,000 mark allows for a near new two-bedroom, two-bathroom unit.

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.

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.

House dwellings can be found for with older style homes on a decent sized block of land in order to add value.

[smartcode_project:default project_id=25842]

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.

It provides ample opportunity for value adding.

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.

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.

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.

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.

In South Western Sydney for under $700,000, the Liverpool LGA still provides opportunities.

The Liverpool CBD unit market has struggled over the past 18 months, HTW noted, with signs of doom and gloom.

"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.

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.

These price levels allow first home owners to enter the market in a central location close to shops, schools and train lines.

"Compared to the Parramatta CBD, it offers very affordable living," HTW advised for Liverpool, which is seen as Sydney’s third city.

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."

The ultimate aim is to remove the need for workers to travel to the traditional Parramatta and city hubs.

"This may be just what Liverpool needs to breathe life back into the Liverpool unit market in years to come," HTW forecast.

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."

This article first appeared in The Daily Telegraph.
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jchancellor-FAypfDUnLy

What can $700,000 buy you in Western Sydney?

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EXPERT OBSERVATION
From Christmas to Easter, to school holidays, to which day of the week certain public holidays fall, the way the calendar looks each year will impact on the movements of house hunters and dictate the way you should market a property.
<h3>The New Year’s resolution rush</h3>
The New Year almost always brings new interest in the property market. That’s partly because over the Christmas/January holiday period people are busy with family and holidays rather than house hunting. It’s also partly because the low stock levels over that period have come to an end – so buyers actually have something to look at again. And, it’s also partly because a lot of people are acting on their New Year’s resolution to make a move this year, or get into the market.
We also find many in this group are only in a very preliminary stage of looking.
<h3>24 February 2018: the serious selling season begins</h3>
In Sydney, a typical auction campaign last four weeks. And, given agents are often hesitant to list a property prior to Australia Day, that means February’s final Saturday is often the year’s first big auction day, as well as the first real barometer of where the market is at.
In 2018, this fell on Saturday 24 February, when 893 Sydney properties went under the hammer, achieving an auction clearance rate of 71.7%, according to CoreLogic. In Sydney’s east, we saw strong sales and good competition.
<h3>The effects of an early Easter</h3>
School holidays and public holidays tend to be times when agents and sellers shy away from auctions or even open homes, reasoning that buyers will be doing other things. Usually, that means the first real slowing of the property market after its late February season launch, comes with the Easter school holidays.
This year, however, Easter falls on the final weekend in March, with the school holidays not coming until late April. We think that’s likely to have a “twin peaks” effect, where the property market gets going early before stock dries up in March. Then a new batch of listings will be released again in April giving buyers properties to choose from come May.
<h3>The winter chill really isn’t that bad</h3>
A lot of people will tell you that winter isn’t a great time to list a property. For this reason, the June long weekend – in 2018, Saturday 9 June – traditionally becomes the time of year that the number of listings falls. We take a different approach.
It’s true that there are often fewer people out and about in winter but the ones who are looking tend to be genuine buyers. When this combines with a lower number of listings, it means that the middle of the year can be a great time to sell.
<h3>Spring in the air</h3>
Along with autumn, Spring is the traditional selling season and there’s a lot of debate over which of the two seasons is the best time to list. That’s because buyers come out in force, gardens look at their best, and people generally begin feeling upbeat as the weather starts to look up. In September, particularly after the grand final/Labour Day long weekend which falls on Saturday 30 September 2018, things really start to pick up.
In Spring, increased buyer interest usually means increased auction numbers and that can help drive up property prices. On the flipside, a higher number of listings means that it can also be harder to stand out from the crowd.
That said, the end of Spring is when a lot of people start to feel time pressure, especially if they’ve pledged to be in their new home by Christmas. That means it’s a time of year when people get serious about putting their best foot forward.
<h3>The holiday mood sets in</h3>
Usually, the first weekend in December is the last big auction weekend of the year. After that, the listings begin to fade and people begin to think of holidays. We don’t usually advise anyone to start an auction campaign around this time of year. But that doesn’t mean we don’t sell any property. Instead, this can be a great time of year for off-market campaigns because people who are still looking for property tend to be serious. Also, new buyers in the form of expats and offshore buyers often come into the market, combining their property search with a Sydney holiday.
<h3>And finally…</h3>
There is always debate over the <a href="https://bencollierteam.com.au/timing-the-property-market/" target="_blank" rel="noopener">best time of year to sell</a>. And, while the calendar shapes the property market, there are advantages and disadvantages to selling at any time of year.
Ben Collier is Property Partner and co-founder at The Agency.
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j.ballantyne1990-6AQqhLzZaK

Calendar events can have a dramatic impact on the property market: The Agency's Ben Collier

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GUEST OBSERVER
Timing can be everything when it comes to buying or selling homes and your ability to secure a great price for your home, or even attract multiple buyers, can hinge on the time of year.
Spring is widely regarded as the ideal time to sell property. Warmer weather attracts buyers onto the streets and into open home inspections; our gardens tend to look their best in spring; and many buyers want to be settled in their new home in time for the looming festive season.
Don’t despair however if you are selling your home at a different time of year. The seasons don’t always dictate the best outcome. Indeed, selling in spring may deliver the best price for your current home but it could also mean competing with more buyers for your next property – and that can mean paying a higher price.
Think beyond spring
The geography of your home can be a contributing factor to the ideal time to sell. In hot or humid areas for instance, your property may be more appealing during the cooler months. Or your home may have particular features like an open fireplace or underfloor heating that are best showcased during the cooler months. 
Remember too, with potentially fewer buyers around in winter or autumn, you could enjoy faster turnaround times on professional services like your solicitor or conveyancer. If you are selling in winter, be sure to choose inspection times when your home’s interior receives maximum sunlight.
Focus on the key drivers
Should the season influence whether – and precisely when – you list your house for sale or buy another home? Perhaps. But other factors deserve higher priority, like whether your home is ready to be shown to buyers; whether you have the time to prepare your home for weekend inspections; and whether you have discussed home loan options with your lender to develop a buying budget for your next place.  
These are the key drivers that should really determine the ‘right’ time for you to start your buying and selling activity.
 
Patrick Nolan is head of home loans for industry super fund-owned bank ME. You can contact Patrick <a href="https://www.mebank.com.au/personal/home-loans/home-loans/" target="_blank">here</a>.
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PatrickNolan-Yjmguhh735

Is there a right season to sell? ME Bank's Patrick Nolan

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Property buyers hitting the market this mortgage season can expect tough competition, despite new research by one of Australia’s biggest comparison websites, finder.com.au revealing housing supply will exceed demand.
According to the finder.com.au study of population growth and the housing market over the past 15 years, 72% more properties are expected to be built this year than population growth would consume. However, this is unlikely to affect property prices as we expect property prices could continue to rise.
By the end of this year, a total of 207,970 new properties is projected to be approved for construction, based on the average growth of 3% for the past 15 years. Australia’s population is forecast to increase by 314,952 to 23.94 million people, which means 121,135 households needed. 
In 2014 there were 71% more properties approved than population growth required and property prices increased by 7.90% across capital cities according to CoreLogic RP Data. 
Michelle Hutchison, Money Expert at finder.com.au, said property buyers can expect a continued level of competition and hotter house prices moving into mortgage season. 
“With mortgage season around the corner (starting September 1), competition will remain just as tough as we’ve seen over the past year. Despite more new properties being built, house hunters can expect no relief with properties being snapped up fast and prices rising across many areas of Australia.
“And it’s only expected to get worse. If a 3% growth trend for new properties continues, along with the projected population growth, this oversupply will decrease to 32% next year, and will stay below 40% through to 2018, according to finder.com.au.
“With less oversupply for new properties expected to be built over the next few years, it could lead to a more difficult climate for property buyers as buyers will face a reduced availability of housing stock, meaning more competition and possibly higher prices.
“So if you’re in the market for a property, it could be better to jump in now rather than waiting for next year as it looks set to be even tougher.”
 MICHELLE HUTCHISON is spokesperson for comparison website <a href="https://finder.com.au/" target="_blank">finder.com.au</a>.
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