The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Coffs Harbour

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The Coffs Harbour residential market is going through one of its strongest times, according to Herron Todd White’s recent report.
The property valuation firm says that demand for residential properties in Coffs Harbour is exceeding supply shortening selling periods and increasing values.
“The Coffs Coast is experiencing one of its strongest markets in recent times with demand exceeding supply in many areas which has resulted in shortened selling periods and substantial increases in values.
"Typically it is the affordable price point in the sub $550,000 market which has seen the strongest demand from both owner occupiers and investors, however market confidence has spread through all sectors of the market including rural residential which has seen a recent resurgence in demand,” the report stated.
Factors such as low cost of finance, population and limited stock is driving this growth in the area according to Herron Todd White.
“There are several factors driving the market including low cost of finance, increasing population due to lifestyle benefits for both retirees and families moving from southern regions, infrastructure upgrades in the form of the Pacific Highway, limited available stock for vacant land and diversity of housing product ranging from coastal to rural communities with good access to regional facilities provided at Coffs Harbour.
"To a lesser degree investors are being driven towards SMSF property investment and with the ALP pushing for restrictions on negative gearing, this may be driving investors to enter the market prior to possible changes to tax benefits.
"A major factor in the cooling of the market will be rising interest rates which will dampen long term consumer confidence, however continued population growth should see demand remain strong against the current limited supply.
"Wage growth is also an issue.
"With the exception of the public sector, wage growth and employment are not rising at the same rate as property prices.
"This will affect the affordability of property within regional localities which has traditionally been a major factor in deciding to relocate to regional New South Wales,” the report advised.
A two bedroom villa at <a href="https://www.realestate.com.au/property-villa-nsw-coffs+harbour-125308906" target="_blank">2/12 Pitt Street</a>, Coffs Harbour (above) has been listed for $332,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-moonee+beach-125217646" target="_blank">10A Moonee Creek Drive</a>, Moonee Beach (below) has been listed for $515,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/10A%20Moonee%20Creek%20Drive.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-coffs+harbour-125325914" target="_blank">29 Masonary Road</a>, Coffs Harbour (below) was recently sold for $340,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/29%20Masonary%20Road.jpg" alt="">
Similarly a two bedroom villa at <a href="https://www.realestate.com.au/sold/property-villa-nsw-sawtell-125256346" target="_blank">2/49 Eighteenth Avenue</a>, Sawtell (below) was recently sold for $365,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/2_49%20Eighteenth%20Avenue.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Coffs Harbour residential market the strongest in recent times: HTW

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There has been limited sales activity within Coffs Harbour’s retail market as property within the CBD is tightly held and rarely offered, according to Herron Todd White’s (HTW) latest report.
The property valuation firm says that this is despite there being a prevailing high vacancy rate within the prime strip centre.
Many retailers are finding it difficult to meet overheads.
"There is a trend for affordable retail rental space outside prime locations, however overall vacancy rates remain high for retail space," the report said.
"The high vacancy rate in the CBD is due to the difficult local economy with limited consumer discretionary spending, the reluctance of landlords to reduce rents or meet the market and the poaching of tenants by the Central and Plaza Shopping Centres.
"There is steady demand for the purchase of retail property emanating from investors against a shortage of supply in recent times."
The Gowings Central shopping centre development and the eastern end of the CBD appears to be trading well after the upgrade transformation.
The renovated ex-CBA bank building has increased the appeal and feel of this end of the retail precinct, HTW said.
Gowings are proposing an extension to the retail centre to office and hotel accommodation.
"Retail yields are generally in the 6% to 8% range depending on tenant, lease terms, location and property detail," said the report.
"Grafton commercial retail market displays higher investment yield rates.
"Yields are generally within the 7% to 9% range.
"The market remains steady with a slight uplift in the local economy.
"Nambucca and Macksville retail centres appear steady with some vacancy but improved local economy due to the Pacific Highway relocation works and associated workforce."
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Limited sales activity in Coffs Harbour retail market: HTW

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There is a shortage of rental units available relative to demand in Coffs Harbour, according to Herron Todd White’s latest report.
The property valuation firm says that Coffs Harbour has a steady rental vacancy trend with a strong demand for new units.
<a href="https://www.propertyobserver.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%201.13.06%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/10/Screen%20Shot%202017-02-10%20at%201.13.06%20pm.jpg" alt="">
This is supported by an increasing trend in new units being constructed as well as a steady volume of unit sales.
Coffs Harbour unit market is at its peak and new properties are occasionally being sold at prices that exceed their potential resale value.
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-418533814" target="_blank">13/27 Victoria Street</a>, Coffs Harbour (above) is available for rent for $255 per week.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-407605913" target="_blank">1/8 Toormina Place</a>, Coffs Harbour (below) is available for rent for $295 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/21/1_8%20Toormina%20Place.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124804886" target="_blank">5/32 Karuah Avenue</a>, Coffs Harbour (below) has been listed for $285,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/28/5_32%20Karuah%20Avenue.jpg" alt="">
Similarly a two bedroom unit at<a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124994266" target="_blank"> 1/39 York Street</a>, Coffs Harbour (below) has been listed for $230,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/28/1_39%20York%20Street.jpg" alt="">
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Coffs Harbour experiences shortage of units as demand increases: HTW

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Apartments in the Central and North Coast of New South Wales, the Gold Coast, Coffs Harbour and Melbourne are at market peak in February, according to the latest property clock from Herron Todd White. 
Units in Adelaide, Darwin, Townsville and Whitsundays are at the bottom of the market.
Coffs Harbour's residential units were peaking in January. 
<a href="https://www.propertyobserver.com.au/images/2017/02/01/Screen%20Shot%202017-02-01%20at%2012.57.48%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/01/Screen%20Shot%202017-02-01%20at%2012.57.48%20PM.png" alt="">
 
Property Observer found this two bedroom apartment, <a href="https://www.realestate.com.au/property-unit-nsw-sawtell-124657638" target="_blank">9/69 Boronia St Sawtell</a> (below) listed for sale for $345,000. It last traded for $195,000 in 2013.
<img src="https://www.urban.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%2011.07.18%20AM.png" alt="">
A two bedroom apartment, <a href="https://www.realestate.com.au/property-apartment-nsw-coffs+harbour-124474918" target="_blank">2/4 Solitary St Coffs Harbour</a>, (below) is on the market for $395,000, having last sold for $308,500 in 2007.
<div id="listing_header">
<h1><img src="https://www.urban.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%2011.10.26%20AM.png" alt=""></h1>
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-coffs+harbour-124425778" target="_blank">20/22 Orlando Street</a> (below) that has been listed for sale for $615,000.</div>
<div> </div>
<div>It last sold for $395,000 in 2013.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/20_22%20Orlando%20Street.jpg" alt=""></div>
<div>  </div>
<div> </div>
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jonathanchancellor-7SQnKwU6yx

Apartments along NSW coastline top of February property clock: HTW

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Coffs Harbour's residential units property market is currently peaking, according to Herron Todd White's latest report.
Property data firm CoreLogic says that the average median price of a unit in Coffs Harbour is $295,750 with an annual growth of 3 percent.
Units in Coffs Harbour on average stay on the market for 84 days before being sold.
<a href="https://www.propertyobserver.com.au/images/2017/01/10/Screen%20Shot%202017-01-10%20at%201.34.50%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/10/Screen%20Shot%202017-01-10%20at%201.34.50%20PM.png" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124395934" target="_blank">9/20 Joyce Street</a> (above) has been listed for sale for $279,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124067646" target="_blank">5/28 Fitzgerald Street</a> (below) has been listed for sale for $255,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/13/5_28%20Fitzgerald%20Street.jpg" alt="">
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Coffs Harbour residential units peaking on HTW property clock

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The Coffs Coast district has a fairly low economic base with a limited amount of high paying work available, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the majority of the pressure for property is on the affordable sub-$500,000 sector.
At this price point, the majority of purchasers are investors and first home buyers or to a lesser extent people locating to the area.
Rental demand is high which translates to strong rental returns making Coffs Harbour an attractive place for investors.
Typically Coffs has been a fairly transient community which is why rental demand is high.
Recent major infrastructure upgrades primarily centred around the Pacific Motorway to the north and south of Coffs has seen a steady influx of road workers over the past five to 10 years.
These workers are transient and slowly moving away from Coffs Harbour currently working to the north on the Corrindi Beach to Ballina upgrade and south at Warrell Creek.
Although this demand is slowly shifting away the planned Coffs Harbour bypass which is expected to start some time in the next five to six years will see these workers returning and increasing pressure on future rental demand.
HTW observed that homes under $500,000 are still reachable in Coffs Harbour.
"What do we expect to buy for under $500,000?" the report asked. "Increasingly less for your money, however, the median price for a home is currently around $430,000 which buys you a three to four bedroom home, probably in the 10 to 40 year age bracket and located within good proximity of beaches, schools and all major services."
There is a vast array of properties available for sale within the Coffs Coast region however more affordable localities can offer the same type of property for less.
For example, for the same three to four bedroom home in Nambucca Heads to the south, you will be looking to pay around the $330,000 mark. One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-nambucca+heads-123335334" target="_blank">41 Old Coast Road</a> (pictured above) that was for sale for $330,000 and sold at $325,000.
Conversely, HTW advised the slowest price point is the prestige market ($1 million plus) which is dependent upon high net wealth individuals.
These are limited in the local market with prospective purchasers generally coming from Sydney or out of town.
The difficult global economic conditions over the GFC period resulted in a reduced number of buyers seeking properties in this value range and location.
There are positive signs that the market has turned upwards for prestige property with improved conditions over 2016.
Sales activity for residential product between $1 million and $1.3 million increased although property over $1.5 million is still thinly traded with selling periods in excess of 12 months generally expected.
This market improvement is being experienced in the more traditional sought after beach locations such as Sawtell, The Jetty, Diggers Beach, Korora, Sapphire Beach and Woolgoolga.
Herron Todd White noted that Coffs Harbour's market is largely dependable upon economic conditions in NSW.
"We note this market is dependent upon the greater economic conditions throughout New South Wales and more specifically the metropolitan markets at the time of sale," said the report.
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High rental demand makes Coffs Harbour an attractive investment: HTW

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A state-owned development site near Coffs Harbour’s marina has sold unconditionally for $3 million despite the local council pushing for a heritage listing. 
The 3,181 sqm corner block in the city’s popular jetty and foreshore precinct houses a three-storey office building along with three smaller office facilities totalling a building footprint of 731 sqm.
The purchaser, a private investor, plans an apartment complex at the site which was home to the NSW Forestry Corporation for more than 70 years. 
It holds a mixed use business zoning which is code assessable for six storeys in height and nearly 9,500 sqm of floor space.
<img src="/images/2016/09/16/CoffsHarbour2.jpg" alt="">
LJ Hooker Commercial’s Troy Mitchell, who secured the deal with Deb Grimley, said the site’s claim for heritage status was in doubt.
“The site has a 1940s building which has been subjected to discriminate works by various contractors over its time, including being re-clad in aluminium.
“The heritage values are questionable. There is a series of artworks in the building which are the property of the Forestry Corporation and once those works are relocated, I think the lack of heritage character in the building will be evident.”
Mitchell said the purchaser was confident of dismissing any heritage application for the site and was currently completing the development application for lodgement in 2017. 
The purchaser and NSW Forestry Corporation have agreed to a 12-month leaseback as part of the negotiation at $75,000 per annum plus GST
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Coffs Harbour site sells for $3 million despite heritage push

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The actor Simmone Jade Mackinnon, popular for her role as Stevie Hall on the hit TV show McLeod's Daughters, has finally sold her Coffs Harbour district property for $910,000.
Joanna Vines at One Agency Coffs Harbour secured the sale of the home that was originally listed with $949,000 hopes over a year ago.
It is a four bedroom 1992-built stylish Queenslander home at Boambee with resort-style pool and pavilion on 3,000 sqm of lush gardens.
After growing up on the land at Bonville, the Gold Logie-nominated Mackinnon broke in to TV in 1997, later appearing as a regular in the Baywatch spin off Baywatch Hawaii alongside David Hasselhoff.
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Actor Simmone Jade Mackinnon sells Coffs Harbour property

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Approaching the halfway mark of the year with record low interest rates and consumer confidence back sees the market remaining strong with increases in values through several sectors of the market, including the real estate market in NSW's Coffs Harbour, say valuation firm Herron Todd White in their July 2016 residential market report.
Buyers in the $500,000 bracket can expect to purchase good quality five to 20 year old 3- or 4-bedroom, 2- or 3- bathroom homes on varying size sites located within two to three kilometres of the Coffs Harbour CBD and local beaches.
Standard new project style 4-bedroom, 2-bathroom homes range between $450,000 and $550,000 in the smaller central Coffs estates and southern suburbs of Bonville and Boambee East.
The more modern upmarket estate known as The Lakes at North Boambee Valley (two kilometres from the CBD) starts at around $500,000 for new 4-bedroom, 2-bathroom homes.
"If you are after more bang for your $500,000, the older established areas south of Coffs Harbour at Boambee East and Toormina will get you a five to 30 year old larger better quality 4- to 5-bedroom home with double garage and pool," says HTW.
Traditionally, these areas are of a more modest standard with values in the $300,000 to $450,000 range. These areas are well located close to the Pacific Highway for access north and south and are also located within two to three kilometres of the popular Sawtell Beach and shopping precinct. The major shopping centre at Centro Tormina is underpinned with K-Mart, Woolworths and Coles. Schools include primary and public high schools plus nearby St Josephs College and Southern Cross University.
The older homes within the northern beaches suburbs of Korora, Sapphire Beach, Moonee Beach and Emerald Beach have always been solid investments in the $500,000 to $600,000 bracket which buys 20 to 30 year old properties of good size located close to beaches and not far from major facilities in Coffs Harbour.
One area to watch is the beach side township of Woolgoolga, 30 kilometres north of Coffs Harbour. A traditionally strong agricultural area with good infrastructure, the recent bypass upgrade of the Pacific Highway and opening of Woolworths shopping centre only adds to the appeal.
Look to the southern side of Woolgoolga at Sandy Beach for the cheap beachside properties. Price points are generally under $450,000 for one to 30 year old homes of modest construction, with esplanade position properties going between $500,000 and $650,000. This area is still under developed with easy access to Woolgoolga and Coffs Harbour. The recent purchase of a large beachside development site will see substantial future residential development taking place which will lead to better infrastructure.
The Coffs Coast locality saw little capital growth over the GFC period, however the past 12 to 18 months has seen the market bottom and the start of the recovery.
"Traditionally we have not experienced the high levels of capital growth of the major cites due to the fairly low economic base within the region. Limited job opportunities does put a cap on the growth experienced in the mid to upper price brackets, while the majority of growth is centred under the $500,000 mark," HTW concludes.
As an example of recent affordable sales, Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coffs+harbour-122873066" target="_blank">15 Sunnyside Cl, Coffs Harbour, NSW 2450</a> (above) which traded hands for $365,000. To put things in perspective, the median house price in Coffs Harbour was $425,000, according to CoreLogic 
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Coffs Harbour promises quality homes in $500,000 range: HTW

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A Coffs Harbour beachfront resort development opportunity has been announced to the market.
The property, BreakFree Aanuka Beach Resort has been operating for 30 years in the holiday location.
The development is currently operated by the Mantra Group who have a five year lease remaining.
It offers the only direct local access to the popular Diggers Beach.
Set across two strata-titled totalling 6030 sqm of beachfront lots, the resort has a reception, administration, conference, F&amp;B, leisure and recreational facilities.
The bluechip investment is being managed by Knight Frank Directors Donald Watson-Brown and Ryan O'Hanlon.
Watson-Brown suggested that it offers a lucrative holding income of over $420,000 per annum for a site with extensive development upside.
"The resort offers flexibility and plenty of options in its investment proposition," said Watson-Brown
"The current owners are keen for development of the property to go to a party that has a vision to use the property in a positive way for the local area – whether that is mixed-use residential, hotel, or other type of development."
The accommodation offerings of the resort are not included in the sale.
“Aanuka Beach Resort has proved to be an integral part of the local history of the Northern NSW Coast tourism industry, providing generations of beachgoers lifelong holiday memories," he said. 
Fellow director Ryan O'Hanlon spoke of Coffs Harbours location for investors.
“Positioned within close proximity of the Pacific Highway, Coffs Harbour is a historically strong-performing holiday destination and this is a great development opportunity."
“The offering represents a highly strategic play for future development on the site. Underpinned by direct access to Diggers Beach, the owner of the Aanuka Resort infrastructure will control the future use, refurbishment or even larger-scale development of this historically successful holiday precinct," he said.
Aanuka Beach Resort, Coffs Harbour is located approx. 535 km north of Sydney and 389 km south of Brisbane.
The property is located 2 km to Coffs Harbour City, 8.5 km to the airport, 1 km to the Park Beach Plaza Shopping Centre and 10 km to Coffs Harbour Stadium.
The property is for sale via expressions of interest.
 
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