<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Byron Bay

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A standard dwelling in Byron Bay will cost between $700,000 and $1 million, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that for the same price range for a standard dwelling in Byron, a buyer could get a good quality home newly renovated in nearby Lennox.
In Mullumbimby and Ocean Shores the most favoured price point is between $500,000 and $750,000 for a standard dwelling.
An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-mullumbimby-123828414" target="_blank">6 Hibiscus Place</a> (pictured above) that is for sale for $649,000.
The main demographic for this price point is owner occupiers, predominantly a mix of local buyers trading up and people relocating from the major cities.
The main reason that this price point is so favoured is due to this bracket offering an affordable coastal living family home to middle income earners who want to enjoy the resort style of living, HTW said. 
The slowest price point in the region are for prestige properties priced $4 million and above.
These properties are pretty much only available to the rich and famous and are either owner occupied or kept as holiday accommodation.
Although there are more transactions taking place at the moment, it is still a very thinly traded sector of the market with a high level of volatility.
Another slow price point is secondary rural residential areas. The buyers in this range tend to be local buyers, however, due to these locations being that little bit further away from the towns and airports, they trend towards the slower price point category.
The most favoured price points in Ballina are between $500,000 and $650,000 which tends to be owner occupiers, particularly young families.
"You will get a standard dwelling in this price bracket which includes recently built houses," the report noted.
These are considered the most affordable dwellings in the region for families.
Families priced out of this bracket in Ballina can move slightly further inland to Wollongbar where they can build a new standard home for between $450,000 and $550,000.
The slowest price point for the area is anything priced over $1 million.
Although the area has seen a few good sales over the $1 million mark, transactions are limited.
Professional couples are the most likely buyer group over this price point, HTW noted.
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j.ballantyne1990-6AQqhLzZaK

Standard Byron Bay home options at $700,000 plus: HTW

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Giovanni D'Ercole, the jewellery designer of Love and Hatred, has listed the River House, a five bedroom home in the Byron Bay hinterland.
Tucked away on the sub-tropical ridge, the 42 ha property has been listed through Nicolette van Wijngaarden at Unique Estates Australia with a $3.7 million asking price.
<a href="https://www.realestate.com.au/property-house-nsw-coorabell-118612343" target="_blank">The timber home</a>, entered through antique Indian doors, comes with cathedral ceilings. It has a spa therapy room with a hydrotherapy tub.
The 2005-built home is surrounded by stands of old native rainforest with small creeks that all feed into the billabong at the front of the house.
It comes with approval for six rural tourism cottages. 
D'Ercole paid $1.7 million in 2007 when it was bought from Mark Morgan. His other nearby property, Coorabella, the magical 125-year-old home on 23 hectares, remains a holiday rental. It was briefly listed for sale in 2013 at $7.5 million.
Panoramix Studio founder Bertrand Lalanne and his wife, Dianne secured the district's highest sale when La Grande Vue, their Peter Hobbs-designed home on a hectare holding sold at $4.25 million through Liam Annesley at LJ Hooker earlier this year.
Singer Natalie Imbruglia recently spent $1.3 million on a two hectare property with shack through Glen Irwin, of LJ Hooker Byron Bay.
Another recent Coorabell sale saw the veteran recording studio, The Music Farm sold at $2.9 million. 
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

The River House at Coorabell listed at $3.7 million

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The London-based chartered surveyor Charles Lee visited Byron Bay when visiting during the 2003 Rugby World Cup and decided to purchase at Wategos Beach.
The Lees are selling their home at <a href="https://www.realestate.com.au/property-house-nsw-byron+bay-123519782" target="_blank">5 Marine Parade</a>.
Comprising a main residence and an adjoining villa – which, combined, generated nearly $200,000 in gross holiday letting fees last financial year – the property is a two minute stroll to family-friendly Wategos Beach and the Cape Byron Nature Walk.
The main residence boasts three bedrooms, including an expansive 8.2m x 5.1m master with double walk-in robes. Two bedrooms in the main residence both have ensuites while the third bedroom jointly accesses the main bathroom.
The Marine Parade property has a price guide of $6 million to $6.5 million through Tony Farrell and Liam Annesley at LJ Hooker Byron Bay.
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Marine Parade, Wategos Beach trophy home with $200,000 annual rental income

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Celebrity hairdresser Paul Guttenbeil has listed his five bedroom Byron Bay retreat which sits between the bush and the beach.
<a href="https://www.realestate.com.au/property-house-nsw-suffolk+park-123567250">The Alcorn Street, Suffolk Park</a> offering has been listed as he intends to downsize locally.
The Get Smart, Darlinghurst salon owner built the two-storey residence about eight years ago.
The 1250 sqm vacant block was bought in 2006 for $820,000.
The price guidance is between $2.25 million and $2,475,000.
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Celebrity hairdresser lists at Suffolk Park

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Photographer and author Anna Swain and her husband, builder Andrew, have listed their charming Byron Bay family home.
Bought for $460,000 in 2013 when just a 684 sqm block of Pacific Vista Drive vacant block, Andrew went about building the home, completing it just seven months after starting.
Now stands a six bedroom, three bathroom home. 
Built from a blend of modern and reclaimed materials, the home has a French industrial warehouse feel.
It comes with nine sets of marching French doors salvaged from an old hotel in Rockhampton, antique sash windows and 100 year old restored French and Spanish tiles.
There's a saltwater pool, level backyard and a front courtyard complete with pizza oven and herb garden at the Pacific Vista Drive home.
Anna spoke at the recent Byron Bay Writers Festival where she showcased her first book, Burma Tiffins, Nuns and Turmeric, a photographic travel book capturing Burma's culture. 
Featuring floating villages, ox and carts, majestic pagodas, pink robed nuns and teak monasteries, the book has almost 300 photographs, some travel tales and recipes. 
First National Byron Bay agent Tara Torkkola takes the home to October 1 auction.
This article was first published in the Sunday Telegraph.
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Byron Bay home with French industrial warehouse feel listed

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Panoramix Studio founder Bertrand Lalanne and his wife, Dianne have sold La Grande Vue, their property at Coorabell, just west of Byron Bay.
It was 2006 when, opting out of Sydney, they bought the 1970s hinterland home on 17 hectares for $1.75 million, commissioning architect Peter Hobbs to design their retreat which was completed in 2013.
Filled with rich cedar, La Grande Vue, with high ceilings and walls of glass, was dubbed a shrine to the view.
The four-bedroom home sits on a hectare holding with four horse-friendly paddocks and stables.
There's five dams and a spring on the property which is set about 50m below the ridge line.
The Coolamon Scenic Drive home was priced at $4.35 million through Liam Annesley at LJ Hooker.
There's no price disclosure, but it is understood to have been bought by a Queensland buyer. 
Bertrand Lalanne, was born in England to an Australian mother and French father), raised in France and educated in the US, at Berklee College of Music in Boston and the Musicians Institute in Los Angeles.
His interest in recording and sound engineering came about in 1995 when he formed a band in a Parisian cellar.
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jonathanchancellor-7SQnKwU6yx

Byron Bay hinterland's La Grande Vue sold

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Television viewers never got to see 4 Palm Valley Drive in Byron Bay on Grand Designs, but its been the work in progress of the host Peter Maddison for the last two years.
The acclaimed architect has been working on the beach home, renovating the luxury Byron Bay Beach house, Wattai, which sold for $5.6 million to a Melburnian.
Janis Perkins of Real Estate of Distinction secured the sale for Melbourne property developer, Allan Sinclair, father of Sydney Swans footballer Callum Sinclair.
He paid $3.7 million for the home in 2004.
Set on the path to Watego's Beach, each of Wattai's four bedrooms come with ensuites. 
Set on 790 sqm, the home includes a large self-contained flat which leads to an outdoor decking, fitted with bbq area and a salt water wet edge pool. 
The most striking feature of the home is the 183 sqm rooftop terrace, complete with a 10 person spa.
It's going to be a busy year for the Melbourne-based architect.
On top of juggling his own business, Maddison Architects, he is renovating his family home in Brighton.
The family moved out of their mid-century home they've lived in for 15 years to allow the work to be done.
Maddison paid $790,000 in 2000 with the project costing a lot more money expected and it's taking a lot longer than he thought. 
"It's costing a lot more and it's taking a lot longer than I thought ... but it's coming along," he laughed.
"The plan is to renovate being sympathetic to the home's unique 1960s styling elements while adding a fresh touch."
Grand Designs Australia airs on The LifeStyle Channel and has been running since 2010.
Maddison will hope he is a little more successful than British counter-part Kevin McCloud in the property market.
McCloud, who present the British Grand Designs, has come under fire for his recent eco development in Stroud, which is said to be riddled with damp and unsafe to live in.
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firstname1-iYD4UYzvBa

Grand Designs host Peter Maddison's Byron Bay reno

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In NSW North Coast, there's little change from 12 months ago in terms of what one can score in property with a lazy half a million, according to valuation firm Herron Todd White's July 2016 residential market report on homes in the sub-$500,000 range.
The product mix may have varied slightly, particularly in the more regional areas within the Richmond Valley and Kyogle Council areas.
"In a lot of ways it resembles a typical poker hand," say HTW. For example, consider the five of a kind:
• Five $100,000 (or less) vacant steep timber 40 hectare bush blocks in the rural localities of Drake or Tabulam; or
• Five $100,000 standard vacant residential blocks in Casino or Kyogle. Relatively flat but may ask slightly more than $100,000 individually, so a package deal of say five at the nice round figure of $100,000 each would be hard for a vendor to pass up in the current subdued market.
"Alternatively, secure a nice three- to four-bedroom, two-bathroom house with a garage for around $300,000 to $350,000 and throw in another vacant residential block at $100,000 to $120,000."
There are not too many residential properties within Casino or Kyogle that would use up the whole $500,000 in one transaction, however, those that do usually deliver the full quota of features from air-conditioning, good quality appointments, pool, established landscaping or full renovation of an older style character home.
For those inclined towards a more rural residential setting, there are opportunities to use a substantial part of the $500,000 to acquire established properties of modern four-bedroom, two-bathroom homes with double garages in close proximity to the town centres of Casino and Kyogle.
Typically, such properties would comprise lots ranging in size from 4,000 square metres to five hectares. Semi-remote rural localities with properties on lots from 40 hectares to 100 hectares may still be purchased under $500,000 and provide semi-modern homes with established ancillary improvements, however, distance and maintenance of the land are factors that any potential purchaser must consider.
"Within Lismore city, the lazy half million is somewhat more restricted in its purchasing power, however, opportunities are still available. Good quality level vacant residential lots are around the $200,000 mark in the new, developing residential estates, so buy two and possibly use the remaining $100,000 as a $50,000 deposit for a house to be built on each of the lots, or purchase one of the steeper vacant blocks for around $100,000 (just keep in mind that your building costs will rise significantly)."
It should be relatively easy to find two residential house properties for around $250,000 each, however, they are likely to be located in a flood prone area, need some cosmetic attention or front a busy road.
There are a number of two-bedroom, one-bathroom, brick and tile residential units with single carports available within reasonable proximity of shopping and educational facilities in Lismore city which have an expected price range of $130,000 to $170,000 and attract a rent of around $175 to $200 per week.
Failing that, and if you so wish, $500,000 would go a long way to fully or near fully acquire or brand new four- or five-bedroom, two-bathroom, double garage residence in the modern residential estates of Goonellabah or Lismore Heights (where most of the new build action is) with pool and established landscaping.
The rental assessments can vary widely depending on features, but expect something in the order of $450 plus per week.
"At present, even with the record low interest rate levels, the future of any significant price improvement is not generally clear or warranted as there is still the overriding climate of that old age concern....is my job secure?” say HTW. "Therefore, don’t expect any significant rapid sales activity any time soon."
Property Observer tracked down a three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-lismore-113095571" target="_blank">36 Keen Street, Lismore, NSW 2480</a> that sold recently for $252,000, leaving another $250,000 to invest as HTW suggests.
<div class="propertyStats">
<img src="/images/2016/08/05/lismore.png" alt=""> </div>
The Clarence Valley
Further to the south in Yamba, $500,000 does not get you as close to the beach as it did 12 months ago where the June 2015 entry point was for a circa 1980s canal home or an older circa 1950s dwelling close to the beach.
Entry point now is in a modern four-bedroom, two-bathroom modern dwelling in Yamba’s residential estates located west of Yamba town centre. However, a three-bedroom, two-bathroom strata townhouse complex by the beachside is still within reach and includes resort facilities and holiday rental income.
In Yamba, the $500,000 and above market is driven by steady interest from the capital cities due to the town’s good proximity to proposed large infrastructure developments such as the Pacific Highway. In the region surrounding Grafton, $500,000 is considered to be in the premium residential range and has stayed pretty steady in comparison to 12 months ago. Properties may include large residential grazing cattle farms of over 50 hectares to modern quality built residential dwellings on acreage parcels close to Grafton.
Byron Bay/Lennox Head/Ocean Shores
There is little that can be purchased in or around Byron Bay or Lennox Head for a lazy half million and your money will take you only as far as a basic two- or three-bedroom townhouse or villa located just west of Byron Bay township in the Sunrise Estate.
Lennox Head has even less to offer and you would be lucky to see a duplex unit on the market for around $500,000. Buyers around Byron Bay and Lennox Head will almost need a lazy $700,000 to enter the market. A lazy half million will be easier to spend in Ocean Shores where a semi-modern to modern three-bedroom house can be purchased around the $500,000 mark. There has been relatively little change in the past 12 months in Ocean Shores.
Property Observer found a two-bedroom, two bathroom house at <a href="https://www.realestate.com.au/property-unit-nsw-byron+bay-122352434" target="_blank">5/20 Sunrise Boulevard, Byron Bay, NSW 2481</a> recently sold for $457,500.
<img src="/images/2016/08/05/byronbay.png" alt="">
<div class="propertyStats">Ballina/Alstonville</div>
The options of what $500,000 can get you are somewhat limited and more so than 12 months ago. Finding a house in West Ballina or Ballina Island is becoming more difficult and similar to 12 months ago, you will need to settle for a circa 1970 to 1990 two- or three-bedroom unit if you wish to be close to the beach. There are still opportunities to purchase a house in Alstonville or Wollongbar around the $500,000 mark.
The other alternative is to purchase land in an Alstonville or Wollongbar residential estate and build a project home. This can still be done in Ballina (Ferngrove and River Oaks Estate) and Cumbalum (Ballina Heights), however, a basic project home is really all you will get for your lazy half million.
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NSW North Coast "resembles a poker hand" in the sub-$500,000 property market: HTW

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A luxury Byron Bay retreat has been listed for June 25 auction with a price guide of $2.3 million and $2.5 million.
Located in a tightly held and sought after enclave, <a href="https://www.realestate.com.au/property-house-nsw-coopers+shoot-122685202" target="_blank">163 Coopers Shoot Road </a>is set on a large 8240 sqm corner block.
The main house is situated on the first level and has three bedrooms and a gourmet kitchen.
There's also a detached studio and a 12 metre saltwater pool which offers views to the ocean.
The property is available through Raine &amp; Horne Byron Bay principal Sophie Christou who expects significant interest.
“With multiple opportunities to view this exceptional home in the lead up to auction, we’re expecting significant interest from high-end Sydney and Brisbane-based buyers, plus well-to-do locals,” she said.
“Because of this property’s position at the Byron end of an exclusive ridgeline in the secluded Coopers Shoot enclave, we’re expecting it to sell for anywhere between $2.3 million and $2.5 million.”
 
 
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Luxury Coopers Shoot offering at Byron Bay

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Melbourne businessman Max Twigg has listed one of Australia's most iconic pubs, the Byron Bay Beach hotel.
It comes with market expectations of between $75 million and $80 million.
Mr Twigg, who made his money in waste management, bought the hotel in mid-2007 from its developer, John Cornell.
Mr Twigg paid $44 million for the pub's land component in 2007 with the total business purchase price taking the outlay closer to $65 million.
Daniel Dragicevich of CBRE Hotels and Tony Bargwanna and Jared Hodge of Ray White Hotels have the 4585 sqm listing.
The hotel is leased to Melbourne pub industry identity John van Haandel until mid-2017 with a further two, 10-year lease options and currently brings in annual income of around $4.2 million. 
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