<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.
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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;

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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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Melbourne's house values have started to decline, according to valuation firm Herron Todd White (HTW).
HTW's September Property Clock had houses in the Victorian capital at the peak of the market.
They've joined the now underperforming Central Coast, South East NSW and Gold Coast, where, after a successful year, have been declining for the last few months.
Illawarra and Sydney remain pegged as declining markets.
<a href="https://www.propertyobserver.com.au/images/2018/10/9/clock-oct.jpg" target="_blank">Click here to enlarge</a>
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The only other moving markets were in rural areas.
Houses in Emerald, in the Central Highlands region of Queensland, are starting to recover, along with a number of Queensland localities.
Albury, in Southern New South Wales, is seeing its house values begin to rise, while South West WA has bottomed out.
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jrobinson-rf4aSBido9

Melbourne house prices starting to decline: HTW Property Clock

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Suburbs located in inner and middle rings of Adelaide are considered to be the best prospects for price growth in the December quarter, according to a Herron Todd White (HTW) recent residential report. 
Historically, the South Australian property market slows during the second and third quarters.
But the valuers latest report says the mid-year months are dreary.
It noted the state government has mapped the quarterly metropolitan house price from June 1998 which, with the exception of notable peaks and troughs, shows slight dips in the median price through the September quarter of the year with an uplift towards December.
The valuation firm noted that the effects of the banking royal commission have begun to be felt through the mid- portion of the year.
"The ability to borrow money has tightened," the report said.
"Agents report that purchasers are being priced out of properties that may have fallen into their price bracket 12 months ago.
"This could cause a doubling down on the September quarter results given the out-of-cycle market pressure.
"The tightening in lending will not be fully quantified until the results of the December 2018 and March 2019 metropolitan median price growth are revealed," HTW suggested.
Agents have reported a slowing in a number of key market indicators leading up to September.
Buyer enquiry has reduced while available stock is limited. Discussions with agents in the field indicate the slowing in these key indicators is a seasonal occurrence which forms part of the annual property cycle.
For properties going to auction, the winter months can pose a serious threat to the hammer falling, HTW noted.
"Fence sitting purchasers who are thinking of bidding can be spooked by a simple rain shower or the threat of looming dark clouds.
"The agent who thought they had ten registered bidders now has five."
Braving the wintry conditions were the vendors of <a href="https://www.realestate.com.au/sold/property-house-sa-norwood-128841822" target="_blank">45 Gray Street, Norwood</a> (pictured above) who began advertising their three-bedroom, one-bathroom symmetrical cottage in July with an auction to be held in August.
A large crowd braved the cool weather to see the property sell under the hammer for $790,000.
Norwood is located approximately 3.5 kilometres east of the Adelaide CBD and consistently rated as South Australia’s most searched suburb.
The HTW valuer said" "Suburbs located within the inner and middle rings have been the best performers over the past 12 months.
"Suburbs located in these rings are considered to be the best prospects for price growth in the December quarter too.
"This sector provides options aplenty for first home buyers, downsizers, families and developers."
Within the inner ring, price pressure can be expected in the $600,000 to $900,000 range whilst the middle ring can expect pressure in the $300,000 to $600,000 range.
<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/2018/9/11/payneham%20.jpg" alt="">
Recently advertised in the inner ring is <a href="https://www.realestate.com.au/property-house-sa-payneham-129092534" target="_blank">4 Marian Road, Payneham</a> (pictured above) which comprises a character four-bedroom, one-bathroom dwelling on a 1,100 square metre allotment.
This property has been listed for sale by auction with an asking price of $800,000.
Whilst in the middle ring, 12 Aberfeldy Avenue, Edwardstown comprises a three-bedroom, one-bathroom updated 1950s home on a 660 square metre allotment.
This property has been listed for sale by auction with an asking price of $439,000.
The outer ring continues to struggle with extended days on market with stagnant and in some cases negative growth.
Post-September and moving into the summer months we begin to see an increase in the listings surrounding beach side suburbs and coastal holiday destinations.
Coastal tourist towns of Victor Harbor, Pt Elliot and Goolwa south of the city on the Fleurieu Peninsula and Wallaroo, Moonta, Stansbury and Black Point north-west of the city on the Yorke Peninsula swell with holiday makers.
This provides the perfect opportunity to promote new listings as the market pool increases.
Properties which lend themselves to holiday makers and don’t achieve sale through the spring or summer months can be removed from the market during the middle portion of the year to avoid any perceived over exposure.
<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/2018/9/11/hayborough.jpg" alt="">
Recently sold in the beachside suburb of Hayborough approximately 80 kilometres south of the Adelaide CBD is <a href="https://www.realestate.com.au/sold/property-house-sa-hayborough-127231986" target="_blank">8 Olivers Parade</a> (pictured above).
The property provides six-bedrooms and three-bathrooms over two levels of living.
The dwelling provides unrestricted ocean and beach views and is situated on an allotment of approximately 1,200 square metres.
This property was advertised through the winter months before selling for $1.7 million.
<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/2018/9/11/black%20point%20.jpg" alt="">
Listed for sale approximately 170 kilometres north-west of the Adelaide CBD is <a href="https://www.realestate.com.au/sold/property-house-sa-black+point-126486366" target="_blank">124 Black Point Drive, Black Point</a> (pictured above).
This property comprises a three-bedroom shack with absolute beach frontage.
The property has been listed for sale with an asking price of $785,000.
Black Point is considered a blue-ribbon location with those properties situated on the northern side of Black Point Drive being some of the most sought after real estate on the peninsula.
This location has historically been tightly held with only a handful of transactions occurring annually.
This has changed in recent times with large areas of former reserve land being divided and sold as residential allotments.
"Market conditions within these semi-regional and regional costal townships remain stagnant," the HTW valuer noted.
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j.ballantyne1990-6AQqhLzZaK

Adelaide inner and middle ring suburbs the best price growth prospects: HTW

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The Alice Springs market traditionally enjoys a livelier period during the spring months and heading into December with sales numbers generally well up on the previous quarter, according to the latest Herron Todd White (HTW) residential report.
The valuation firm noted that, this is in part due to the comings and goings as people relocate towards the end of the year however as the chilly mornings and frosts leave us, the presentation of well-kept gardens shines through and spring proves the best time to sell.
The market has shown mixed results in recent months however, which is likely to continue.
"Recent shining lights include the rural residential market with more sales above the $1 million mark and the Old East Side area continuing to be popular," stated HTW valuers.
Units continue to be generally soft, more so for older 1980s 2-bedroom townhouses which have continued to decline in value however more are starting to sell which is a positive sign. New and modern units have proved more resilient with good demand and stable price levels.
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An East Side two bedroom unit is now on the market with the price of $199,000 (pictured above). 
Situated in a small complex, the unit at <a href="https://www.realestate.com.au/property-unit-nt-east+side-129260470" target="_blank">11/4 Undoolya Rd </a>comprises of two bedrooms, open plan living/dining, kitchen and private yard.
It's within walking distance to the CBD, restaurants, schools and local shops.
"we look forward to the traditional uplift over the next couple of months particularly after an extended period of stabilisation and with some new developments starting construction it will be another interesting quarter," stated the valuers.
<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/2018/9/6/larapinta.jpg" alt="">
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A renovated three bedroom house in Larapinta been recently sold for $527,500 (pictured above). 
The house situated at <a href="https://www.realestate.com.au/sold/property-house-nt-larapinta-126277982" target="_blank">36 Bokhara St</a> features three bedroom with built-ins, gourmet kitchen, large deck with views, two internal living areas and in-ground pool.
Other highlights include solar panel system, lock up garage, and split system heating and cooling throughout. 
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Another recent sale is a Sadadeen three bedroom house sold at $385,750 in August (pictured above). 
Set on a large corner block, the house at 1 kuhn Court consists of three bedrooms, renovated bathroom, spacious living and dining and corner kitchen.
The outdoor features covered entertaining area, garden shed and storage room. 
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Alice Springs property market sees an uptick, but remains in overall decline: HTW

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While there remains some positive sentiment in the rural property market across New South Wales, the ongoing drought is starting to have an impact on some buyers’ decisions to pursue rural property, according to the latest Herron Todd White rural report.
The valuation firm noted that, despite this, agents are still reporting higher levels of enquiry than they have experienced in the past several years, however a lack of supply is evident as landholders are waiting for improved seasonal conditions before trying to market and sell. 
"We are seeing continued sales across most areas of New South Wales, particularly higher rainfall areas, however due to the negative climatic conditions encountered over the past 18 months there have generally been lower sales volumes. 
"We expect this trend to continue while the area receives below average rainfall."
The HTW valuer, Angus Ross added, "the continued dry seasonal conditions across large parts of New South Wales are limiting the market’s enthusiasm for expansionary activities.
"It is our opinion that the positive cash flows generated in most areas during the past two years have been funnelled into debt consolidation rather than any expansionary movements."
Recently, Heathlea, a mixed farming property at Rannock, just a short drive from from the village of Coolamon NSW, has been sold for $2.69 million (picutured above).
Comprising 452 hectares of productive fertile farm land, Heathlea at <a href="https://www.realestate.com.au/sold/property-mixed+farming-nsw-rannock-7978134" target="_blank">2718 Ronnock Rd </a>comes with water security, stock and domestic water scheme, 61 ha of established Lucerne, and an additional 61 ha sown Autumn 2018.
Addtional features include three stand woolshed, sheep/cattle yards and spacious three bedroom brick home.
Another sale is a Mudgee rural lifestyle block which was sold for $330,000 on August 27 (pictured below).
Located at<a href="https://www.realestate.com.au/sold/property-other-nsw-mudgee-7982122" target="_blank"> 1243 Lower Piambong Rd</a>, the parcel of land consisiting of 50.92 hectares or 125 acres has been fenced into three main paddocks.
It features three dams with ample water for stocks, timber cattle yards, and rural views.
It's only 20 mins drive from Mudgee. 
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Ongoing drought impacts buyer's decision to pursue rural property in NSW: HTW rural

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Concerns around the cost of water could reduce buyer demand for horticultural properties, however this will only become evident over the next six months or so, according to the latest Herron Todd White rural report.
The valuation firm noted that the ongoing dry conditions are creating challenges for a wide cross section of our rural community. 
"This year is looking a lot like 1982, which is the last time grain growers in our regions faced the prospect of no harvest. 
"With many farmers now running continuous cropping programs and with no livestock to fall back on, the next 12 months will prove a testing time."
"Many graziers in western New South Wales are fast running out of water as well as feed. Most have spent significant sums buying in hay, grain and pellets, but are now questioning whether to quit stock if they have sufficient condition to be saleable rather than keep buying in feed. 
"Hay and grain are becoming very difficult to source and more expensive each month."
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"While this is a pessimistic outlook, we note that farmers in this region are bred to be resilient and we expect the majority will have sufficient capital or equity to ride out at least the next 12 months. 
"History also shows that few people list their properties for sale during drought conditions and so we expect the number of sales to dry up over the next six to 12 months," according to Shane Noonan and Graeme Whyte, local experts.
The cost of leasing annual allocation is now stuck above $300 per ML, which will impact on the return for particularly wine grapes but also higher value crops such as almonds, citrus and table grapes. 
There has been development of these crops over the past four to five years, much of which is reliant on leased water. 
"Any rationing of water will flow through to lower yields, further exacerbating the current shortage of some wine grape varieties," the Herron Todd White valuers noted adding that they "expect that concerns around the cost of water could reduce buyer demand for horticultural properties, however this will only become evident over the next six months or so. Returns remain good for most commodities which will justify the cost of leasing water, even though it will reduce profit."
"There have been good snow falls in the Murray catchment area and we note that there is still time for any substantial rainfall event in September to create good run off and increased allocations,." it added
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A recent noteworthy sale is Cowra station (pictured above), a 4,300 hectare mixed farming operation located 25 kilometres west of Mildura and with extensive frontage to the Murray River. 
The property has been primarily used for grazing and dryland cropping, however has some existing irrigation infrastructure and potential for expansion of this enterprise. 
The property had been on the market for many years, waiting for a buyer intending to undertake some form of irrigation development.
Another recent sale at Mildura is a 3,823 hectare viticulture/vineyard property which was traded at $180,000 (pictured below).
<a href="https://www.realestate.com.au/sold/property-viticulture-vic-mildura-7647151" target="_blank">The property at 792 Ontario Avenue</a> features low level irrigation and included water right. 
It is within a short distance to major shopping centres.
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Concerns around the cost of water could reduce buyer demand in Mildura: HTW rural

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It’s been a pretty ordinary August in the south-east of the state with continued dry conditions, fires and the annual Ekka winter westerly winds turning up on cue, according to the latest rural report from Herron Todd White.
 The valuation firm noted that dry seasonal conditions are firmly in place on both the inner and southern Downs farming regions. 
Winter cropping within the normally secure farming areas is very sparse.
"The concern now is looking ahead for this year’s summer cropping season with poor moisture profiles and limited water in storage for either planting or pre-watering."
For the Felton area, some 167 mm (6.7 inches) has been recorded for the year to date, about half that recorded in comparison to the same period last year.
For the 2017 year the overall total was still about 70% off the long term average. Overall market confidence in this area is still positive.
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In western Queensland, the season isn’t any better especially west of Morven. For example, Cheepie has received 65 mm (2.6 inches) for the year to date and many other farmers are now entering their sixth year of drought and have been running their businesses either on a retained skeleton breeder herd or have opted to drove cattle or seek alternative agistment.
The HTW valuers stated "the market in these areas has not seen the same value growth of country further east."
It indicated there have been some firming value trends particularly holdings that demonstrate a diversity of country of say Downs, alluvial frontage or Mulga.
"It’s also one area of the market that we have seen external influence impacting on values with the competition by carbon abatement brokers and proponents.
"One could also assume many of the landholders who have decided to register a carbon abatement project have done so under the pressures of seeking alternative income streams due to the drought.
"The significant capital investment in exclusion fencing has no doubt been viewed positively but the general feeling is that once the season breaks, those who have the ability to control wild dogs and vermin will be able to capitalise on improved productivity."
With the strengthening in the wool markets it’s likely to create opportunities for graziers wanting to diversify back into sheep or increase market demands from potentially existing southern producers seeking further country.
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Generally, every Shire west of the Dividing Range in the southern part of the state is drought declared with the exception of the Western Downs Shire. Between Wandoan and Taroom, between 350 mm to 490 mm have been recorded for the current year and broadly the country is reasonably pastured. 
"This sector of the market has historically been very strongly competed for by local producers, particularly those who have benefited from additional income streams created by the coal seam gas industry. With the current seasonal conditions, we are now seeing out of district buyers looking at buying country in the area as demonstrated by the sale of Loch Craig," stated Steven Cameron a local expert.
The property sold at auction in August for $3,446 per hectare ($1,394 per acre) with reports the sale result may have been influenced positively given the property was well grassed and the successful bidder had immediate access for 600 head. The auction had nine registered bidders and was sold under the hammer to a northern New South Wales angus stud producer.
A Calvert 100 acre mixed farming property was sold for $800,000 in July.
The property at <a href="https://www.realestate.com.au/sold/property-mixed+farming-qld-calvert-7952854" target="_blank">63-129 Bexleigh Lane, Calvert</a> (pictured above), features 100 acres with 25 acres of irrigated cultivation, diesel pump, two billabongs with permanent water and 6 horse paddocks plus day yards.
It comes with a three bedroom house and two bay shed. 
This drought proof, versatile and productive property is located in the Calvert area on the outskirts of Rosewood and 20 minutes to Ipswich.
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Southern Queensland drought hurting values after six years: HTW rural

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The NSW North Coast is currently dry with cold nights, but has not yet suffered as severely as the more western areas, according to the Herron Todd White rural report.
The valuation firm took a look at the current seasonal conditions in the local area and the impacts on the local property markets.
"In terms of livestock there is still some cattle feed and adequate stock water generally in NSW North Coast.
"The feed gap in this location is traditionally during winter and early spring.
"It is a summer dominant rainfall location and graziers will be eagerly awaiting the late spring and early summer storms," the report stated.
Macadamia growers are mostly located near the coast and will be hoping for rain from September onwards for the flowering period.
Sugar cane growers on the lower peat soils will have just enough moisture to plant sugar cane when the soil temperature rises above 17 degrees Celsius.
The valuers noted "some heavy clay soils may be too dry to plant until some rainfall is received. Harvesting conditions are ideal given the dry conditions. CCS levels are very good for this time of the year with Condong Mill around 12.4, Broadwater Mill around 13.2 and Harwood about 12.9. This reflects the dry conditions and low ash levels (impurities such as soil etc)."
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They concluded that, irrigators who pump from rivers and streams will be getting nervous as almost all of the rivers and creeks relied on are unregulated (do not have a major storage dam) and when water flows, drop pumping restrictions are triggered which limit the water that can be taken.
"This may affect dairy farmers, blueberry growers and other intensive horticultural operations in particular," the report noted.
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NSW North Coast irrigators getting nervous: HTW Rural

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The season is precariously placed along the border region with many requiring significant falls to guarantee crops, according to the latest Herron Todd White rural report.
The valuation firm stated, historical management and resulting soil condition has never been more evident than the current season with paddocks either side of some roads showing substantially different vigour and harvest potential reflecting the organic matter content, sowing times and general management practices.
As one farmer in the Riverina said in the second week of August “if we don’t get rain in the next two weeks, the crop will be finished”.
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Valuer David Leeds concludes by noting "a sharp rise in allocation water prices will be likewise creating some difficult decisions for those with irrigation development weighing up the likely final commodity prices with the opportunity cost of irrigating versus selling their allocation on the market."
 
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Echuca precariously rainfall reliant: HTW rural

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The Illawara region has joined Sydney as the only declining housing markets in the country, according to valuation firm Herron Todd White.
Newcastle and Gippsland were approaching the peak of market last month, and HTW now suggest they are at the peak of the market.
Central Coast had peaked last month, and are now starting to decline.
There's little movement at the bottom of the market, where regulars Perth, Darwin, and Alice Springs remain unmoved. 
There is some good news in Western Australian. South West WA is starting to recover having been at the bottom of the market.
Click here <a href="https://www.propertyobserver.com.au/images/2018/9/3/Houses_HTW_Sept.jpg" target="_blank">to enlarge.</a>
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Illawara joins Sydney in declining housing market: HTW house clock

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The apartment market in the Central Coast of New South Wales is starting to decline, according to valuation firm Herron Todd White.
In its August property clock, HTW suggested the Central Coast apartments were at the peak of the market. Now they're starting to decline (below).
Nearby, Newcastle apartments are performing strongly. They're at the peak of the market, along with Coffs Harbour and New South Wales' Mid North Coast.
Melbourne and Canberra units are also at the peak of the market.
There's continued bad news for Sydney, Brisbane and Perth, who remain in a declining market.
This month they were joined by Illawarra and Lismore. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/9/4/HTW_SEPT_UNITS.jpg" target="_blank">to enlarge.</a>
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