<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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The Perth market has continued to weaken over the past 12 months and the downward pressure on values has flowed into the South West market, according to a recent Herron Todd White (HTW) residential report. 
Financial institutions have tightened lending criteria in the wake of the Banking Royal Commission and investors remain cautious.
The report notes this has ultimately halted the recovery of the Perth property market which was showing some signs of resurgence through the middle of 2018.
This has also filtered down into the South West property market which had been resilient in recent years on the back of strong population growth.
Entry points into the lower end of the market range from $250,000 to $400,000 and for this amount you can purchase either a basic established residence or build a project home in one of the outlying new developments.
"In general, these established homes are located in closer proximity to the beach than the new developments and as such the established homes generally offer better capital growth potential while the new housing market offers better yields," the valuation firm said. 
"The lower market segment is generally being driven by first home buyers and investors."
The outer suburbs and new developments continue to experience low growth and a decline in values as reflected by low levels of demand and a low number of listings reported by local agents.
This is particularly evident in the greater Bunbury and Busselton urban areas.
A three bedroom family home in South Bunbury has recently been sold for $361,000 (pictured below). 
Situated at a 503 square metre corner block, the home at <a href="https://www.realestate.com.au/sold/property-house-wa-bunbury-131425718" target="_blank">12 Gibson Street</a> comes with four bedrooms, timber kitchen, open plan living/meals and separate dining. 
Other features include enclosed garden, split system air conditioner and gas hot water system. 
<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/2019/9/25/bunbury%20.jpg" alt="">
"Values in well located population centres and coastal precincts had been stabilising up until recent times, but now we are seeing these localities also weakening in values," the valuation firm commented. 
The report suggests well located and well-presented properties between $500,000 and $900,000 have been stable up to recent months but now have also started to show a weakening in values as the tightening of credit takes hold.
It is generally the mums and dads who are active in this space as they are looking to upgrade the family home and currently this market segment is offering good value for money.
These homes are generally located in close proximity to the ocean, schools and town infrastructure.
"The upper end of the market continues to experience weak demand with limited numbers of transactions in excess of $1.5 million.
"That being said, the South West is considered to be a premium holiday destination and there is still demand from the wealthy to invest and holiday in the region," the valuation firm added. 
As such there is still adequate demand for high end and well-presented beachside property.
Prestigious properties scattered throughout the South West, such as at Naturaliste, Eagle Bay, Metricup and Yallingup, are still recording sale prices in excess of $1 million on a regular basis.
A current listing is an Eagle Bay beach house priced at $1.895 million (pictured below). 
Situated on a 1,682 square metre block, the single level house at<a href="https://www.realestate.com.au/property-house-wa-eagle+bay-131336054" target="_blank"> 11 Eagle Bay-Meelup</a> house comprises five bedrooms, open living area, and kitchen.
Other features include Marri timber floors, verandah area, and garage/workshop. 
<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/2019/9/23/eagle%20bay.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

South West WA market continues to weaken: HTW residential 

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The Canberra property market has been in a stable position from the end of 2018 to early 2019, according to a recent Herron Todd White (HTW) residential report. 
The report suggests most Canberra suburbs have maintained median price points for standard dwellings while medium density and unit stock has seen some small declines.
Active sections of the market include standard housing at the entry level price points in some of Canberra’s fringe and outer suburban locations.
"Generally, purchasers are looking for large blocks within established suburbs that provide access to good education and employment services," the valuation firm said. 
"Entry level price points for this style of housing range between $550,000 and $650,000."
Most homes within this section of the market provide three and four bedroom accommodation, generally 30 to 60 years old and in many cases the dwellings are ready for some renovation and upgrading.
A three bedroom house at<a href="https://www.realestate.com.au/sold/property-house-act-rivett-131793810" target="_blank"> 30 Marlock Street, Rivett</a> (pictured below) has recently been sold for $585,000.
The updated home comprises three bedrooms, separate lounge area, combined family/dining room, and kitchen overlooking the rear garden. 
It's within walking distance to shops, public transport and the local oval. 
<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/2019/9/25/rivett%20.jpg" alt="">
"Inner suburban locations in Canberra’s north and south set a higher price point, generally $1 million plus. This section of the market is also relatively stable with families looking to move on the property ladder with their second or third acquisition," the valuation firm added. 
"Again block size, location and proximity to schools and other services are the main drivers. This section of the market ranges from $1 million to around $3 million."
A recent over $1 million sale was a three bedroom townhouse in Turner. 
The north facing townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-act-turner-131657854" target="_blank">2/13 Holder Street </a>(pictured below) has been sold for $1.2 million. 
It comes with four bedrooms, three full bathrooms, separate lounge, wine cellar, dual courtyards and double garage. 
<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/2019/9/25/turner%20.jpg" alt="">
Market activity for property in the $3 million plus price point is slower, with buyers generally more discerning.
The report notes location, block size, build quality and level of inclusions are major factors influencing this section of the market.
Price points in the medium density unit market range from $200,000 to $275,00 for a one bedroom unit recently constructed in a fringe Town Centre location to $400,000 to $500,000 for a centrally located unit in Canberra’s inner north or inner south.
"Both investors and owner- occupiers are active, however strong supply within the medium density market has had an impact on activity.
"Being in close proximity to or directly in Town Centres including Tuggeranong, Woden, Canberra City, Belconnen or Gungahlin is important for rental return, low vacancy and potential future growth." 
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Most Canberra suburbs maintaining their median price points: HTW residential 

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The housing markets in Sydney, Brisbane and Melbourne are all starting to recover, according to valuation firm Herron Todd White.
Their October National Property Clock sees them move from the bottom of the market to starting to recover.
Sydney only <a href="/expert-insights/buying/byron-bay-property-markets-starting-to-decline-htw-national-property-clock">spent one month at the bottom</a> of the housing market with their bounce back in prices being sharp.
The outer suburbs of the capitals are again catching on the coat tails of their bigger neighbours.
The likes of Geelong outside of Melbourne and Newcastle and the Illawarra region outside of Sydney are also starting to recover.
The Illawarra went straight from approaching the bottom of the market to starting their recovery.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2019/10/9/Herron%20Todd%20White%20October%20Housing%20Clock.jpg" target="_blank">click here</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/2019/10/9/Herron%20Todd%20White%20October%20Housing%20Clock.jpg" alt="">
The Gold Coast housing market is now approaching the bottom, having previously been a declining market.
The Byron Bay and Ballina Shire housing market is still starting its decline, while Tamworth in north east NSW is now at the peak of the market.
<a id="propertySearchOwnerNameLink" href="https://rpp.rpdata.com/rpp/search/name/property/summary?showDisclaimer=true&amp;view=property&amp;qt=name&amp;newSearch=true&amp;q=--IKONOMIDIS----NSW--false" target="_blank"> </a>
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wdavis-8cCN98p7xp

Sydney, Brisbane and Melbourne begin housing market recovery: HTW Property Clock

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After a dry start to the year, Western Australia has had some promising rain events in many agricultural regions, according to the latest report from Herron Todd White.
The valuation firm reported at the start of the year Minni Downs (pictured above), on Mount Sheridan Road, Varley was purchased for $8.9 million. This property was formerly three farms known as Fretwells, Mini Downs and Rockwater that were aggregated into one. The property has a total land area of 7,556 hectares and is serviced by two sets of structural improvements including houses and sheds. That sale price reflects $1,178 per hectare improved.
Conversely, In May, the Green Range locality Kangaroo Valley sold for $5.2 million. This property is approximately 1,375 hectares developed for cropping and grazing with structural improvements including a four-bedroom house and a number of sheds. This property is reasonably close to Albany on the South Coast and has highway frontage. Analysis of the sales price indicates $3,780 per hectare improved.
The property valuation firm concludes that environmental factors, and recent sales, confidence in the region is continuing to “lean towards the positive side of the scale.”
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Western Australia's rural market see's hope in rain recovery: HTW Rural

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Last year saw some high quality basalt country sell, creating the perception of a general increase in the market, however this does not tell the full story according to the latest report from Herron Todd White.
The property valuation firm found that this trend was fuelled by some stronger priced transactions whereby southern graziers were seeking grassed country for drought relief. 
This year has seen some lighter Desert Uplands and Croydon forest sell in the mix, and the report found that last years index average is relatively high is due to a lack of Desert Uplands and Croydon country selling in 2019. Meanwhile, the lack of the good basalt sales this year created the perception that values were noticeably down. 
The current Forest country (Other NQ) average is actually somewhere towards the centre of the 2017 and 2018 index results. The Northern Central Downs had a spike of higher priced sales in late February and into March this year. 
Graziers from the Northern Territory, Central Queensland and Southern Queensland drought affected areas anxiously purchased downs country amid the perception that there was going be a substantial body of grass following the monsoonal flood event (this was not the case). 
The report concludes that "the evidence since March does indicate a general strengthening on last years sales."
Once the transactions settle that are currently under negotiation, it is expected that the full year average index will be slightly lower than it is now.
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North West Queensland rural market saw spike in drought relief buyers: HTW Rural

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Melbourne’s west has been a story of growth in recent years, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at what's bringing new residents to different residential markets or, conversely, driving them away. 
The report suggests new greenfield offerings in the cities of Wyndham and Melton stimulated a large population influx, emerging new community centres and population centroids further out of traditional demographic hubs of metropolitan Melbourne.
<a href="https://www.propertyobserver.com.au/images/2019/9/26/mel%20west%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/9/26/mel%20west%201.jpg" alt="">
"Affordability is a key factor attracting home buyers to the developing suburbs of Melbourne," the valuation firm stated. 
With metropolitan Melbourne’s median house price recording $785,000, there are still several suburbs in the west where buyers can get a foot in the door for under $400,000.
New developing areas such as the cities of Brimbank and Wyndham show a large share of emerging cultural communities including those from India, the Philippines, Iraq and Sri-Lanka.
<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/2019/9/26/mel%20west%202.jpg" alt="">
According to census data, Indians show a definite preference for housing projects located in the suburbs of Point Cook, Tarneit, Truganina and Rockbank.
"The choice of the location is a practical and pragmatic housing decision as the greenfield offerings remain one of the most affordable across Melbourne," the valuation firm said. 
A three bedroom house in Tarneit has recently been sold for $590,000.
The Victorian family home at <a href="https://www.realestate.com.au/sold/property-house-vic-tarneit-131847562" target="_blank">88 Sunset Views Boulevard</a> (pictured below) comprises four bedrooms, timber kitchen, family/dining area and outdoor entertaining area. 
It's located within walking distance to Tarneit Railway Station, Tarneit Central Shopping, Early Learning Centre. 
 <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/2019/9/26/tarneit.jpg" alt="">
A new listing in Point Cook is a four bedroom renovated home priced between $620,000 to $625,000.
Set on a 425 square metre block, the family home at <a href="https://www.realestate.com.au/property-house-vic-point+cook-132058562" target="_blank">12 Island Way </a>(pictured below) comprises four bedrooms, kitchen, dining area, and open space.
<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/2019/9/26/point%20cook.jpg" alt="">
There are specific locations in the developing western suburbs considered desirable for housing, being Ashley Gardens Estate in Hoppers Crossing and Wyndham Waters in Williams Landing.
The report notes the proximity to transport, easy access to freeways and proximity to shopping, educational and leisure centres attract buyers who look for functional neighborhoods.
"The high demand has impacted prices, moving prices paid above the median house price for the locality," the valuation firm added. 
Major western region infrastructure upgrades, including transport projects and roads upgrade, construction of pedestrian overpasses and paths for cyclists, are underway and due for completion in 2021.
The much-anticipated upgrade of the western road network gives local businesses opportunities for growth and access to places of employment.
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Affordability the key factor attracting home buyers to Melbourne's west: HTW residential

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Over the past few years some different segments of the Tasmania market (such as first home buyers or retirees) are forming sub segments and can be broken down a bit more, according to a recent Herron Todd White (HTW) residential report. 
Some groupings are as follows:
First Home Buyers
"Our young future leaders are eager to step onto the property ladder," the valuation firm said. 
"Firstly, we have those who want to take advantage of the $20,000 government grant available for new homes."
In Hobart, these buyers will drift to middle and outer ring suburbs such as Austins Ferry, Old Beach, Brighton, Oakdowns and Kingston simply because that is where land is affordable.
A two bedroom villa unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-kingston-131983922" target="_blank">4/7 Redwood Road, Kingston </a>(pictured below) has recently been sold for $341,000.
The home comprises two bedrooms, lounge, kitchen and dining area and fully fenced garden.
It's close to public transport, shops, schools and services. 
<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/2019/9/25/kingston%20.jpg" alt="">
In the north, Legana, St Leonards and Kings Meadows would be the go to regions. Despite popular opinion of our younger generation, many are not building the McMansion, although they are typically building larger homes than what they grew up in, with three or four bedrooms, two bathrooms and a double garage.
Secondly in this grouping are those buying an established home. These buyers typically are looking at post war dwellings with a more modest three bedrooms, one bathroom and a garage or carport. Suburbs such as Claremont and Rosetta in the south and Summerhill and Youngtown in the north are good examples.
The report notes the advantage of this approach is that housing is generally cheaper and the facilities within the estate or suburb are better.
Up-graders
"This is the segment that is buying the forever home.... and they want the bells and whistles," HTW said.
"Typically, this grouping will buy for lifestyle (and to impress the friends a touch). While inner city living with all the benefits of the cafe lifestyle remains very popular in both Hobart and Launceston (read established apartments buildings such as 1 Collins Street, Zero on Davey in Hobart and The Seabel and Seaport in Launceston) we also see people taking the 180 degree turn and heading to the city fringes for a little acreage, perhaps for a pony or pool."
Suburbs such as Acton Park in the south and Relbia in the north remain in demand.
A current listing is a five bedroom renovated house in Relbia with a price guide of over $1,295,000.
Set on 2 hectares, the home at <a href="https://www.realestate.com.au/property-house-tas-relbia-131635978" target="_blank">449 Glenwood Road </a>(pictured below) was designed by S. Group &amp; Design Frank.
It consists of 5 bedrooms, 2.5 bathrooms, open plan living rooms, gymnasium, double garage and indoor pool. 
<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/2019/9/26/relbia.jpg" alt="">
Down-graders
The report suggests this grouping again can be split into two segments.
"Firstly, we have those moving out of suburbia and heading to the inner city again, chasing ease of lifestyle and ready accessibility to facilities.
"On the flip side, we have those cashing in the forever home and heading for a sea change. This grouping is heading to the coast, generally within an hour or so of the city (read family). Coastal towns such as Orford in the south and Bridport in the north are examples that have seen a population drift towards them." 
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Tasmania up-graders buying for lifestyle: HTW residential 

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The usual resident population of Lismore in 2011 was 42,763 people.
By 2016 the population was 43,135 showing a slight increase during the elapsed period, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at what's bringing new residents to different residential markets or, conversely, driving them away. 
The following table outlines the migration patterns for Lismore from 2011 to 2016.
<a href="https://www.propertyobserver.com.au/images/2019/9/26/lismore%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/9/26/lismore%201.jpg" alt=""> 
The following table indicates that the Lismore unemployment rate has decreased in the period from 2011 to 2016.
The report notes Lismore City’s building approvals are used as a leading indicator of the general level of residential development, economic activity, employment and investment.
"Residential building activity depends on many factors that vary with the state of the economy including interest rates, availability of mortgage funds, government spending and business investment," the valuation firm said. 
The following table and chart indicate a substantial increase in building approvals in the past three years relative to the years prior to 2015.
<a href="https://www.propertyobserver.com.au/images/2019/9/26/lismore%202.jpg" target="_blank">Click here </a>to enlarge: 
<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/2019/9/26/lismore%202.jpg" alt="">
Source: HTW 
"The statistics are an indication of a relatively stable local economy in the Lismore area with stable migration patterns, adjoining regions enjoying relatively solid growth and reasonable localised employment prospects.
"The Lismore area is increasingly being viewed as a more affordable alternative as the coastal areas of Ballina, Lennox Head and Evans Head reach price points that are beyond the reach of many people," the valuation firm said. 
Demonstrating this is a simple price point comparison of what $500,000 can purchase in Goonellabah, a suburb of Lismore, compared with Evans Head, a beachside town with a population of only 3,100 people.
<a href="https://www.propertyobserver.com.au/images/2019/9/26/lismore%203.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/9/26/lismore%203.jpg" alt="">
<a href="https://www.realestate.com.au/sold/property-house-nsw-goonellabah-129515394" target="_blank">30 James Road, Goonellabah</a> (pictured below) is a well built, 2002, four- bedroom, three-bathroom, two level modern dwelling that sold very recently for $500,000.
<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/2019/9/26/goonellabah.jpg" alt="">
<a href="https://www.realestate.com.au/sold/property-house-nsw-evans+head-130809454" target="_blank">3 Anson Avenue, Evans Head</a> (pictured below) is an older high set residence consisting of one bedroom plus two enclosed veranda or sleep outs, together with an open plan lounge, dining and kitchen.
It has recently gone under contract for $530,000.
<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/2019/9/26/evans%20head.jpg" alt="">
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Lismore new residential building approvals indicate stable local economy: HTW residential 

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It is location, aspect and condition that are the key features considered by discerning home buyers in the Clarence Valley, according to a recent Herron Todd White (HTW) residential report. 
"Whether it be a rural, ocean or river view, the Clarence has them in abundance," the valuation firm commented. 
The report suggests that whilst across the board the Clarence Valley has seen a period of capital and rental growth, albeit by varying degrees, it is the Yamba patch within easy walking distance of its beaches that continues to stand out.
"Its sale prices have climbed at a considerably faster rate than its suburban counterpart to the west, easily proving that demand outweighs supply in the current climate.
"However, it may be the more moderate markets of Grafton, Maclean and other semi-rural villages that may see more stable and resilient capital gains in the long-term. Well, that is the question on everyone’s lips!" the valuation firm said. 
A five bedroom riverfront house in Grafton has recently been sold for $650,000.
Set on a 2,742 block, the home at<a href="https://www.realestate.com.au/sold/property-house-nsw-grafton-126523858" target="_blank"> 10 Mark Close</a> (pictured below) comprises master bedroom, four other bedrooms, lounge room and large kitchen. 
It's located within close proximity to Corcoran Park boat ramp and jetty, Grafton City centre, schools and playing fields. 
<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/2019/9/9/grafton%20.jpg" alt="">
"The market is most easily arranged into budget buyers/renovators, upgraders and prestige buyers. While they are separate and searching for something different, they all share a common goal – value for money! Across all market segments, everyone wants a deal." 
The renovators are seeking gains, whether it be in future rental income or capital, and are therefore more willing to compromise on condition at the time of purchase.
Upgraders are often seeking a finished product with more space and something that requires little work or effort.
At the uppermost end, prestige buyers are looking for all the conveniences, views and improvements, however not necessarily space or the mowing that extra land involves.
A current listing is a four bedroom family home in Clarence Town with views of the William River with $1.35 million hopes. 
Set on an 8,176 square metre block, the house at <a href="https://www.realestate.com.au/property-house-nsw-clarence+town-131808470" target="_blank">3 Deptford Close</a> (pictured below) comprises four bedrooms, kitchen, open plan family/dining area, separate lunge and covered alfresco area with river views. 
<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/2019/9/9/clarence%20valley%20main.jpg" alt="">
"The Clarence Valley’s current residential property climate is relatively suitable for all buyers and their needs.
"Ultimately, a buyer’s choice all starts with the fortunate choice between sea, river or land," the valuation firm said. 
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Clarence Valley has seen rental and capital growth: HTW residential 

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Being one of the more affordable regional locations in Australia, Toowoomba and surrounding suburbs offer an opportunity for many different types of home owners, according to a recent Herron Todd White (HTW) residential report. 
The report notes with various industry and job opportunities, a central hub location, a diverse property market and varying segments, there are many different home owners, whether first home owners, families, upgraders, renovators or prestige buyers.
"Older, smaller property in need of some TLC remains popular with first home buyers as they offer a blank canvas opportunity to add value and are at a much lower price point than a brand new larger house in a newly developed area. Many of these properties are located in the western suburbs and close to the CBD," the valuation firm commented. 
The HTW report provides an example of a 1950s property in the fringe CBD suburb of Newtown that sold in March 2019 for $222,500 (pictured below). 
Situated on a 615 square metre lot, the property at <a href="https://www.realestate.com.au/sold/property-house-qld-newtown-130433962" target="_blank">33 Gordon Avenue, Newtown</a> is providing three-bedroom, one- bathroom accommodation in original condition.
<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/2019/9/18/newtown.jpg" alt=""> 
Families generally seek slightly different properties to the first home buyers, with a focus on more space (ie. four bedrooms), bigger back yards and close proximity to schools.
This type of housing is found throughout Toowoomba, Highfields and Westbrook, generally in the sub-$600,000 segment.
The report provides an example of a circa 1900s, renovated, property at <a href="https://www.realestate.com.au/sold/property-house-qld-south+toowoomba-129621290" target="_blank">214 Geddes Street, South Toowoomba </a>that sold in October 2018 for $580,000 (pictured below).
The property is situated on a 1,093 square metre lot providing four-bedroom, two-bathroom accommodation and located within 500 metres of Centenary Heights State High School.
 <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/2019/9/18/south%20toowoomba%20.jpg" alt="">
Renovation has always been popular in the Toowoomba area with the market dominated by owner-occupiers.
The market for potential renovation projects is quite broad across the area.
Older character style homes in the circa 1900s to 1940s range have always seemed popular to buyers looking for a renovation project.
These homes are predominantly character timber with detailed decorating throughout, high ceilings, timber floors and VJ walls.
The majority of this product type will be found in close proximity to Toowoomba’s CBD in areas such as South, East and North Toowoomba and Newtown.
Below is an example of a circa 1930s property in original condition at <a href="https://www.realestate.com.au/sold/property-house-qld-east+toowoomba-129855370" target="_blank">21 Ipswich Street, East Toowoomba</a> that sold in December 2018 for $425,000.
 <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/2019/9/18/east%20toowoomba%20.jpg" alt="">
Suburbs encompassing the prestige sector include Middle Ridge, Rangeville, Redwood, Prince Henry Heights, Mount Lofty and East Toowoomba.
These suburbs are located towards the eastern escarpment of Toowoomba, some enjoying larger lots and valley views as well as being within many of Toowoomba’s private school catchment areas.
The typical prestige property comprises open plan four plus bedrooms, two to three bathrooms and multiple floor levels on large lots.
They are generally large, highly renovated or extended older timber and brick homes, and modern architectural homes with detailed finishes, quality landscaping and some with escarpment views.
The report provides an example of a property at 30 East Street, Redwood that sold in July 2018 for $1.25 million (pictured below).
The property is situated on a 1,722 square metre lot, providing four bedroom, three bathroom accommodation featuring open plan living, a modern kitchen and Lockyer Valley views to the east.
The property is located within 700 metres of Toowoomba Anglican School and Fairholme College.
<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/2019/9/18/redwood.jpg" alt="">
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