Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

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As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

[smartcode_project_cta:default project_id=140755]

The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/X8K0Bozug7A?si=Puwc6vx_ZO0qQZF8" title="YouTube video player" width="560"></iframe>

Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

[smartcode_project:default project_id=342 project_image_fid=364553]

From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

[smartcode_project:default project_id=342 project_image_fid=357510]

While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

[smartcode_project:default project_id=342 project_image_fid=336455]

Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Location and lifestyle drive demand at Candela Ivanhoe

Gladstone

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While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
But the firm warns that while Gladstone may be at the bottom of the market, it is likely to take a while for us to see any uplift in values.
“The Gladstone region vacancy rate still sits at approximately 8% indicating there is still an oversupply of product.
“The vacancy rate is slowly dropping however until it is at least halved, there is unlikely to be any pressure put on the rental market and rental levels.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-telina-124533194" target="_blank">59 Witney Street</a>, Telina (above) has been listed for $307,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-new+auckland-117979307" target="_blank">46 Cockatoo Drive</a>, New Auckland (below) has been reduced to $309,000.
<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/2017/02/20/46%20Cockatoo%20Drive.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Gladstone finally at the bottom of the market: HTW

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The somewhat idyllic Turtle Island, one of nine freehold islands off Queensland, has always been on the purchasing radar of celebrities.
No less than Kim Kardashian and Kanye West were supposed keen buyers in 2014.
Actor Julia Roberts was the reputed underbidder on the island almost 20 years ago. 
Lesser lights like Dr Geoffrey Edelsten and former wife Brynne considered buying it a few years back.
It has been owned for the past few years by the lowkey Sydney actor Brendon Lunney who has recently secured its sale.
The $3.45 million buyer has emerged as a Singapore billionaire, according to the now lodged paperwork.
It is the same hotel magnate Koh Wee Meng who hit the headlines just a few months ago when he bought a 287 hectare Tasmanian island for $5.5 million.
Waterhouse Island is just 3 kilometres off Tasmania’s northeast coast, as the mutton bird flies.
Koh is 26th on the Singapore billionaire’s list, with a net worth of $US1.13 billion. 
Koh, the boss of the Fragrance chain of hotels, has been acquiring development sites in Australia, recently unveiling plans for an apartment skyscraper in Melbourne with a Beyoncé-inspired curvy shape.
On its sale, the Coldwell Banker island specialist Richard Vanhoff said then undisclosed buyer purchased the island for personal use. 
The new owner he said had plans to improve the two helipads and build a tennis court.
It was advertised as a tropical island getaway, or a developer's island with a four bedroom house, a swimming pool and pontoon.
It boasts views of the Gladstone harbour. There are 15 water tanks and two dams.
The island was developed by horse racing enthusiasts Bob and Sue Bentley who paid $300,000 in 1994 for the then dormant island.
Believed to have been used as a Chinese market garden in the early 1900s, from 1999 to its $2.1 million sale to Lunney, it was the getaway for Sutherland Shire property developer Steven Christofidellis, his wife, Marcia, and their kids.
The Bronte-based Lunney is an actor best known for his 1970s roles including Rush, I Can Jump Puddle and Division Four.
Hollywood stars who do own islands include Mel Gibson, who bought Mago Island in Fiji 2005.
This article first appeared in The Daily Telegraph.
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jchancellor-FAypfDUnLy

Billioniare buys Turtle Island off Gladstone, Queensland

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Gladstone market activity shows signs of increased sales activity leading to cheaper property prices, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that values in Gladstone has not been this low in a decade.
"It really doesn’t matter which market sector you pick, most have had increased sales activity over the past couple of months and the main reason is that it is so cheap! Values in Gladstone have not been this low in over a decade," the report states.
The most active market sector is the sub $250,000 sector. Purchasers in this price bracket comprise mostly owner occupiers, many of whom are first home buyers.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-clinton-123663654">11 Hansen Crescent</a> that is for sale for $195,000.
This type of money will get you an older, modest 3-bedroom high or low set home.
The established suburbs of New Auckland, Clinton, South and West Gladstone are where most activity is occurring.
Another active sector is for modern 4-bedroom homes. There has been a new wave of sales for standard 4-bedroom, 2-bathroom homes in modern estates selling for sub $300,000 however most of the stock is priced above this.
Investors have also re-entered the market. There have been a number of 1980s and 1990s 2-bedroom townhouses sold in and around the central suburbs of South and West Gladstone.
The value level for this stock is mostly sub $100,000.
Property with the lowest amount of activity is and always has been the prestige market. Prestige dwellings are generally tightly held which of course is why there is limited activity.
"We are aware however of two prestige homes currently on the market which have garnered good interest according to selling agents," the report said.
Pricing and buyer feedback on these properties suggests that the prestige market has finally caught up with the rest of the market and is now at a more realistic pricing level.
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j.ballantyne1990-6AQqhLzZaK

Lowest property prices in a decade in Gladstone results in increased sales activity: HTW

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Any local will tell you that Gladstone has always been a boom and bust town, according to Herron Todd White.
Investment in the town soars when a new project begins as demonstrated over the past 50 years, the valuation firm advised.
"This is always followed by a bust during which the town re-gathers itself and gets back to normal.
"Presently we are in the fourth year of Gladstone’s latest downward cycle.
"Established housing has declined as much as 50% and units as much as 80% from values achieved in the peak of the market."
It advised in its September report the vacancy rate peaked in the first quarter of 2016 at just over 10% and has been steadily falling since.
"It may indicate we have seen the worst of this bust.
"Only time will tell," HTW advised.
The traditional property types in Gladstone have all been established on the back of major booms in the industrial sector, according to Herron Todd White's latest monthly market indicator.
The property advisory firm says that prior to the 1960s Gladstone remained a relatively small port city serving the local cattle industry.
In 1963 Queensland Alumina Refinery (QAL) was announced, beginning over a decade long boom during which Gladstone’s population doubled.
The first, second and third stages of the refinery were built along with the first stage of the Gladstone Power Station.
Most of Gladstone’s central suburbs including South and West Gladstone and Barney Point were well established.
Homes in these suburbs are popular in today’s market given their close proximity to the CBD and the varying views available from the low and high set style homes. These suburbs also offer good opportunities to renovate older style homes in central locations.
The entry level price point for homes in West Gladstone and South Gladstone is around $200,000 in the current market.
The early 1980s saw the next wave of industrial development with the commencement of the Boyne Aluminium Smelter. Much of the established parts of Boyne Island and adjoining Tannum Sands were developed during this time. Construction ranged between on ground and high set homes.
Price points for this style of housing in Boyne Island and Tannum Sands ranges between $300,000 and $350,000 in the current market. Gladstone suburbs such as Kin Kora, Sun Valley and parts of Clinton and New Auckland were also established during this time. Kin Kora and Sun Valley comprise mostly high set homes and are popular well established suburbs in today’s market. Prices in these suburbs range typically between $250,000 and $350,000.
In the 1990s the coal industry boomed giving Gladstone another boom in property prices and demand. New housing estates in Clinton, New Auckland, Glen Eden and Telina were developed comprising mostly 3-bedroom on ground brick houses. New Auckland and Clinton were further established in the early 2000s when Rio Tinto announced the Yarwun Alumina Refinery was to proceed.
The most recent construction boom (2010 to 2012) commenced when construction started on three LNG plants being built on Curtis Island off the coast of Gladstone.
This boom saw fringe suburbs including Glen Eden, New Auckland and Kirkwood being extensively developed with modern housing.
It noted a transformation also occurred in Gladstone City with multiple high rise apartment buildings going up in the CBD and extensive townhouse developments taking place in the suburbs. Over 1,000 units have been built in the past five years alone.
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Gladstone property values nearly 80 percent down from residential peak: HTW

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Keen fisherman will be interested in snapping up an island in picturesque Graham Creek.
Located at the north end of Gladstone Harbour, the island is one of the best fishing spots up and down the length of the east coast, according to marketing agent Anthony Williams.
The 13.7 hectare island is currently undeveloped, which will allow the buyer to stake a further personal claim.
The island is yet to be named, which will allow the buyer to stake a further personal claim.
The peak, sitting 35 metres above sea level, would be the ideal spot for a large residence.
“This may make it more palatable than another island, which is currently on the market for $4 million and has a private residence built in the early 90’s, for example,” Anthony said.
“The island listing is protected from any prevailing south-easterlies; and Graham Creek and Rawbelle Creek, the small estuary running around the Island's northern shore, are renowned by anglers for excellent fishing and table quality catches.
“It’s not surprising that we’ve had interest from buyers keen to develop fishing lodges or similar ventures.
"In fact, the seller, a US-based company, purchased the island in the 90’s for the purpose of building a company get-away.”
Anthony said the 30 to 40 minutes boat trip from the Gladstone Yacht Club was inside the Harbour and so protected from open sea conditions.
“The property is prime real estate for an ultimate personal getaway, a company retreat location or private reserve,” he said, “and it’s just waiting for a name and to fulfil someone’s dream.”
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Queensland island considered fisherman's paradise up for sale

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The Gladstone residential market - well known for its big boom and bust cycles - has now been falling for a longer period than it was increasing and the end is not really in sight, according to the valuation firm, Herron Todd White.
"A crystal ball would be a really handy object to have at the moment," HTW's latest report proferred.
It advised new job opportunities in Gladstone are very weak and without a major project on the horizon, the Gladstone economy is likely to remain subdued.
"These job losses have had and will continue to have a direct effect on the already oversupplied property market in the Gladstone region."
HTW said all market sectors continue to show declines in value.
"In order to reignite the local property market another major project would need to start construction.
"A number of smaller projects have been spoken about however nothing of substance seems to be on the horizon."
Over the course of 2016 major employers in the region (Rio Tinto, QAL, NRG) have enacted cost cutting measures through their businesses and cut hundreds of jobs. More recently Aurizon has announced that job cuts will take place in the Gladstone depot.
Adding to this, there are still approximately 2,000 local employees working for Bechtel on Curtis Island finalising construction on the LNG plants, most of whom will be without work within 12 months.
"New job opportunities in Gladstone are very weak and without a major project on the horizon, the Gladstone economy is likely to remain subdued.
"These job losses have had and will continue to have a direct effect on the already oversupplied property market in the Gladstone region."
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No end in sight for Gladstone house price fall: HTW

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In Queensland’s Gladstone, half-a-million can fetch you a well appointed, modern home with a pool or shed on an allotment above 800 square metres and located in an established suburb close to all urban amenities, say valuation firm Herron Todd White. 
Their July 2016 residential market report focuses on properties in the sub $500,000 sector.
Properties in the $500,000 to $600,000 price range are thinly traded in the current market, say HTW. 
“Alternatively you could purchase a couple of modern three-bedroom townhouses (roughly $250,000 each) or several older two-bedroom townhouses (sub $100,000 each),” say HTW.
Half a million is also considered near enough for entry-level rural residential property. This market sector has seen some more significant declines in 2015 after having held its value over the past couple of years.
In line with HTW's assessment, Property Observer found a four-bedroom house with a pool at <a href="https://www.realestate.com.au/property-house-qld-gladstone+central-122612414" target="_blank">3 William Street, Gladstone Central, Qld 4680</a> (above) for $330,000.
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Modern home with pool is what $500,000 can buy you in Queensland’s Gladstone: HTW

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Gladstone on Queensland’s Central Coast is set for a rise in investor and owner-occupier activity on the back of a three-fold expansion in its fledgling tourism sector, burgeoning port activities and real estate affordability, according to Raine &amp; Horne.
“Property values in Gladstone are presenting investors and owner occupiers with an opportune time to enter the market in a ‘destination location’ with outstanding potential,” said Mark Patton, principal of Raine &amp; Horne Gladstone.
“Gladstone is on the edge of the Southern Great Barrier Reef and more cruise ships are bringing additional tourism dollars and jobs to the port,” said Patton.
“The extra jobs will benefit the real estate sales market, and we expect to see the current median price of $375,000 to start to head north. There will be some rental pricing pressures too, which savvy investors have noted,” said Patton.
Tourism is a major growth sector in Gladstone with 17 cruise ships booked to dock in its deep water harbour in the next 18 months, according to Gladstone Area Promotion and Development Limited.
“The target is set to increase to around 50 per year in the next five years, with other cruise lines showing amazing interest in visiting our port,” said Darryl Branthwaite, chief executive officer, Gladstone Area Promotion and Development Limited.
“We have a deep-water port where people can walk straight off the boat without needing to tender in on smaller vessels as they do in destinations such as Airlie Beach, Hamilton Island and Cairns.
“There is massive opportunity for the tourism SMEs to evolve and expand with every ship bringing between 2,000 and 6,000 passengers to Gladstone along with between 700 and 2,000 crew.”
“We are at the tip of Southern Great Barrier Reef and being further south in the cooler waters, we have avoided the El Niño warmer currents, which have affected Far North Queensland and the northern reef.
“Scientists have now stated that the northern reef is recovering, the coral is spectacular, the beaches are white, the water is warm and crystal clear, and the fishing is awesome.”
The Gladstone region, which has a growing population of around 73,000, has been regularly written off as a one-trick economic pony by many experts who claim the town is too dependent on mining, according to Patton.
“This is just not true. It is Queensland’s largest multi-commodity port, which handles the export of more than 36 different commodities including coking and thermal coal, aluminum, bauxite, wood chip, cement, calcite, machinery, fuel, and even grain from the Banana Shire, to the Central Highlands,” he said.
“Additionally, Gladstone is home to a number of major industrial giants such as mining explosives specialist, Orica, and two of the world’s largest alumina plants, Queensland Alumina and Yarwun.”
Gladstone is the major Central Queensland fuel bunkering hub, and this service is set to expand, according to Branthwaite.
“There is interest from an oil refinery to be constructed in Gladstone, along with a bio fuels plant and a steel facility,” he said.
“The three LNG plants on Curtis Island, which cost more than $25 billion each to build, could expand especially with Arrow Energy buying up the British Gas (BG) share of QCLNG.
“Moreover, the shipping and tugboat work required with each of the LNG ships is very frequent and will provide hundreds of additional jobs,” said Branthwaite.
“The maintenance programs for each of these LNG plants also will start to have an effect on the Gladstone economy within the next two years.”
Branthwaite is predicting supply chain activities supporting the LNG plants will take up some of the commercial property vacancies left over from the heady days of the construction surge.
“Alternatively, suppliers to the LNG sector may even construct their own commercial premises,” he said.
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Gladstone real estate set to cruise on the back of tourism sector: Raine & Horne

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The city of Gladstone in Queensland was approaching the bottom of market cycle for houses for both April and May but it was one notch better for units, being at the declining market stage, according to valuation firm Herron Todd White's latest property clock.
The property clock is a simple broad brush means of suggesting where property prices are and what direction they are headed. 
Calliope is considered a fringe residential suburb in the current market, being located on the Bruce Highway, approximately 20 minutes from Gladstone. During the boom, Calliope expanded rapidly to help ease the accommodation demands on Gladstone. Unfortunately, as with Gladstone, development continued well past the peak of the market and supply in Calliope now heavily outweighs demand. Vacancy rates are high and this has forced rental and capital values down.
Most of the oversupply is of modern housing in new estates and there are also significant vacant land stocks available. New infrastructure is planned for the location with the local shopping centre undergoing an expansion to double the size of the IGA and provide more specialty stores. A new tavern is also planned. While this infrastructure will be good for the township, it is unlikely to curb the downward trend of values in the area. 
The median price of houses in Calliope was $377,000, according to CoreLogic RP Data. Property Observer looked up a few recent sales in the area on www.realestate.com.au:
1. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-calliope-121201866" target="_blank">4 Elliot Drive Calliope Qld 4680</a> sold for $369,000.
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2. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-calliope-121839802" target="_blank">14 Trudy Avenue, Calliope, Qld 4680</a> sold for $335,000.
 
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Oversupply hurting property values in fringes of Queensland's Gladstone: HTW

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The Queensland city of Gladstone is at 'approaching the bottom of the market' position for houses for the third month in a row, according to valuation firm Herron Todd White's property clock for May 2016, a simple broad brush means to suggest where property markets are and what direction they're headed.
Gladstone first slipped into this position in March from being a declining market in February, according to the HTW clock.
<a href="/images/2016/05/06/Screen%20Shot%202016-05-06%20at%202.03.00%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/06/Screen%20Shot%202016-05-06%20at%202.03.00%20PM.png" alt="" width="1085" height="813">
 
The latest report from HTW also deals with heritage-listed property. There are no residential premises in Gladstone that are heritage listed. In saying this, suburbs closer to the city including Gladstone Central, West Gladstone and South Gladstone contain many older traditional Queenslander style homes. 
Many of these homes have been renovated to high standards and have some form of harbour or district view due to the hilly nature of central Gladstone. These types of homes are also generally on larger size allotments (typically around 1,000 square metres) which also adds to their appeal. Homes of this calibre are tightly held however can attract a fair level of interest when they become available, even in current market conditions.
Previously, HTW had said that Gladstone was not a large enough city to see different suburbs being subjected to gentrification. Most new development occurs in newer suburbs on the city fringe. In years gone by, parts of central suburbs such as South Gladstone and West Gladstone were popular with developers building townhouses on larger allotments closer to the city. Most of this redevelopment has ceased since the market peaked. 
On the commercial side, key areas in Gladstone that attract premium retail rentals are those located in prime positions along major transport routes and within modern centres anchored by a major supermarket. Despite weakened market conditions, these centres appear to be maintaining good occupancy levels with few vacancies. Retail tenancies that have been harder hit by local economic conditions are those within secondary locations, within an older style building, have poor access, have poor on site parking or have a combination of these. Within the Gladstone CBD, there are patches of these secondary tenancies generally within Goodoon Street, Tank Street and Toolooa Street. Demand for these tenancies has weakened significantly throughout the recent downturn, with increased vacancies and reduced rental levels.
For residential property, others in the approaching the bottom of market cycle for houses were Darwin, Alice Springs, Bundaberg, Emerald, Mackay and Rockhampton, the HTW clock shows. Bundaberg in Queensland was the new entrant here, improving from its bottom of market status.
The bottom of the market cycle was completed by Mt Gambier and Townsville.
The peak of market remained more or less the same for houses, with NSW Central Coast, Dubbo, Horsham and Newcastle maintaining their positions, while Coffs Harbour shifted to the starting to decline phase. 
 
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