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

Joel Robinson

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

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Eastern Suburbs buyers snap up ESTE Little Bay apartments

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Melbourne’s south-east is becoming a hub for first home buyer action due to the relatively affordable housing options, in particular new estates, according to HTW’s Month in Review: March 2017. 
The valuation firm says first home buyers prefer a cheaper build contract and are prepared to complete these items after handover, compared to the turnkey packages more favoured by investors.
“In new land subdivisions there are often smaller blocks offered at a reduced price that would suit first home buyers who don’t necessarily require a large house site,” the firm says.
“There are unit and townhouse developments in the outer south-eastern suburbs which have an affordable price point, however they may not have the best capital growth prospects compared to the same product in suburbs closer to the CBD.
“It is a popular option at the moment for parents to use equity in their homes and become guarantor to a loan in order to either get approval or to raise additional funds for a deposit for a first home buyer.”
HTW cautions first home buyers against over-extending on a purchase to get into the market.
“It’s better to get a foot in the door and slowly work your way up to your dream house,” it says.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-vic-doveton-124954618" target="_blank">11 Dotterei Close</a>, Dovteton (above) has been listed for between $380,000 to $410,000.
Similarly a three bedroom house at<a href="https://www.realestate.com.au/property-unit-vic-dandenong-124953858" target="_blank"> 25A Morwell Avenue</a>, Dandenong (below) has been listed for between $430,000 to $460,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/10/25A%20Morwell%20Avenue.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Melbourne's south-east buzzing with first home buyer activity: HTW

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Sydney’s northern region presents a good option for first home buyers thanks to potential depreciation benefits, according to HTW’s Month in Review: March 2017. 
The valuation firm says government incentives for buying a new property and capital growth prospects make the area attractive to both investors and owner-occupiers.
In the northern suburbs of Sydney you can spend between $650,000 and $700,000 and purchase a one bedroom unit in Chatswood, Mosman and North Sydney, the report says.
However, the firm says that Dee Why presents better value with sub-$600,000 options available - well below the Sydney-wide median figure of $850,000.
“These are all good starters but have the potential to be ‘out grown’ quickly,” HTW says.
A one bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-dee+why-124814610" target="_blank">9/31 Hawkesbury Avenue</a>, Dee Why (above) has a price guide of between $550,000 to $600,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-dee+why-124908942" target="_blank">9/24 Lismore Avenue</a>, Dee Why (below) has been listed for $700,000.
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Why Dee Why is a value pick for first home buyers: HTW

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New land estates within the Melbourne suburbs of Tarneit, Truganina, Wyndham Vale, Williams Landing and Werribee provide an affordable option for first home buyers, according to HTW’s Month in Review: March 2017. 
The valuation firm says the median house sale price in January 2017 was $480,000 in Tarneit, $492,000 in Truganina, $353,885 in Wyndham Vale, $461,000 in Williams Landing and $450,000 in Werribee, according to CoreLogic RP Data.
“These median sale prices are much lower than the Melbourne metro median house price of $770,000 recorded for the December 2016 quarter by the REIV,” HTW says.
With prices in the region climbing, HTW suggests that first home buyers may wish to look further afield to establish their foothold on the property ladder.
“Although the inner suburbs are proving difficult for first home buyers, the outer western suburbs provide great opportunities for first home buyers,” it says.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-tarneit-124919526" target="_blank">59 Emperor Parade</a>, Tarneit (above) has been listed for $475,000 to $510,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-tarneit-124911034" target="_blank">2 Governor Close</a>, Tarneit (below) has been listed for between $450,000 to $490,000.
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Tarneit and Truganina estates are first home buyer targets: HTW

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Brisbane’s first home buyers should be very wary of off-the-plan developments, according to HTW’s Month in Review: March 2017. 
The valuation firm says an overabundance of stock make them a poor investment considering current market conditions.
“If you’re an entry-level investor looking to be part of Brissie, then you’re probably considering units and townhouses at the moment – but as we’ve been warning for some time now, be careful!” the report says.
“Off-the-plan investor stock that has limited appeal to owner occupiers is at oversupply and the potential for capital gain is limited.”
New units in large inner city developments be available at a more achievable price, but given current and proposed supply there is significant risk of a softening in values, the firm says.
“Also avoid units and townhouses that are selling at a premium price point throughout the Ipswich area.”
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Stay clear of Brisbane off-the-plan, HTW warns first home buyers

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Brisbane first time buyers are buying highset housing and renting out the lower level separately to increase the return, according to HTW’s Month in Review: March 2017. 
The valuation firm this trend is prevalent in areas like Sunnybank Hills, Macgregor and Coopers Plains and in the western corridor suburbs of Redbank Plains, Gailes and Collingwood Park.
“These suburbs have very low price points for established housing and while fitouts can be modest, rent returns are strong,” the report says.
“To help tap into the cry for more affordable property, we are also seeing developers pitch product to the sector.”
The firm says that a number of south-east Queensland subdivisions are providing small lot housing on 200 to 350 square metre lots to help reduce the price point.
This approach is most effective in projects with good proximity to amenities and infrastructure, it says.
“In our opinion the safest option for an average affordability-driven buyer would be an established 1970 to 80s style property up to 20 kilometres from the CBD but still close to amenities,” HTW says.
“Look for a house that is liveable right now that will also benefit from future renovations.
“For example $500,000 in suburbs like Chermside, Geebung, Arana Hills and Ferny Hills should work nicely.”
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Brisbane first timers renting out bottom floor to increase returns: HTW

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First home buyers in the Southern Highlands are seeking out affordable housing options across the fringe suburbs, according to HTW’s March 2017 Month in Review.
The valuation firm says Robertson, Bundanoon, Colo Vale, Hill Top and Tahmoor offer better value for money than the three major towns of the area Bowral, Mittagong and Moss Vale.
“Most of these villages still have local shops, parks and schools and some have secondary rail services, but most are lacking in the larger supermarkets etc that the three main Highlands towns feature,” the report says.
“Residents of the fringe suburbs will drive to the larger towns for these services (usually a ten to 20 minute drive).”
HTW says older style houses on smaller 500 square metres blocks in Hill Top are selling from low $500,000, while new three bedroom duplexes are selling for $500,000 to $550,000.
In Robertson, a 1990s era three bedroom home on 770 square metres of land can be purchased in the low $500,000 range.
“The market in these villages has been strong over the past 12 months and that trend is expected to continue for the current period,” the report says.
“As far as advice to the first time buyer, it is always prudent to follow where planned infrastructure developments have been proposed.
“For example the recent announcement by the NSW Department of Planning that Wilton Junction has been designated as a priority growth area has brought the reality of the new township to accommodate up to 16,500 dwellings across the 4,175 hectare site located off the M5 East Freeway a step closer.
“Other areas earmarked for residential development include Tahmoor and Appin.
“Closer into the existing townships of Mittagong, Bowral and Moss Vale it is anticipated there will be limited releases of land predominantly restricted to subdivision of appropriately zoned larger lots.”
Property Observer found a four bedroom home <a href="https://www.realestate.com.au/property-house-nsw-bundanoon-124825674" target="_blank">14 Bromhall Road Bundanoon</a> (above) on a 2000 sqm corner block on the market for around $650,000.
The four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-robertson-124733590" target="_blank">2 Blackwood Place, Robertson</a> (below) on 1000sqm and is listed with expectations between $695,000 to $725,000.
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First home buyers target Robertson, Hill Top in NSW Southern Highlands: HTW

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In the Sutherland Shire, good buying opportunities for first home buyers are in the suburb of Sutherland, according to HTW’s Month in Review: March 2017. 
The valuation firm says the suburb’s regular and express trains to the CBD and proximity to Westfield’s Miranda make it an attractive alternative.
Entry level units in Sutherland start from $500,000 to $700,000 for semi-modern one and two bedroom units.
“In this current market it’s difficult for first home buyers to enter as they are also competing against investors, particularly in heated market conditions, as most properties are sold at auction,” the report says.
“Private treaty sales and off the plan purchases may be more favourable for first home buyers.”
The firms cautions that it is important to have your finance ready and speak to a broker to find out your borrowing capacity.
“First home buyers can also partner with family members to purchase properties with duplex or house and granny flat potential in order to accommodate two separate residences,” it says.
“Be aware that this will affect eligibility for government grants.
“In terms of arranging finance, guarantor loans are also popular as it is difficult for first home buyers to save a deposit for a property.
“The banks will generally accept a guarantor loan as long as the purchaser can service the loan.”
HTW says the developers offering one bedroom units and studio apartments around the city fringe and along major transport hubs is helping to create entry level opportunities for first home buyers.
“These units are usually of similar quality to those within the surrounding development however may be more difficult for financing if the living area is less than 50 square metres.
“Some lenders offer lower loan to value ratios for these type of properties while other lenders won’t finance them at all.
“A recent example of this was published by the Sydney Morning Herald reporting a Melbourne first home buyer lost his $41,000 deposit on a St Kilda apartment at settlement because his bank did not lend on apartments with an internal area less than 50 square metres.”
The firm warns that if you are considering buying it’s important to do your research including inspecting as many properties as possible.
“If you are looking at purchasing off the plan then compare the inclusions you are getting as a lot of developments have the same level of finishes.
“Get your foot in the door – you may not be able to afford your preferred property type or location to begin with – so look for more affordable alternatives with the option to renovate or upgrade to a preferred option in the future.” 
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-sutherland-124908706" target="_blank">25/50-56 Merton Street</a>, Sutherland (above) is listed with a price guide of between $575,000 to $615,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-sutherland-124744158" target="_blank">13/50-54 The Grand Parade</a>, Sutherland (below) is listed for between $575,000 to $632,500.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/13_50-54%20The%20Grand%20Parade.jpg" alt="">
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OTP buys in Sutherland favourable for first time buyers: HTW

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There is an increasing trend of Newcastle parents going guarantor for their children to help them enter the property market, according to HTW’s Month in Review: March 2017.  
The valuation firm says while on the surface this all seems very noble of parents to give their kids a helping hand, but they should be aware of the potential ramifications of this tactic.
“This can cause grief in the long run if payments by the children aren’t made on time, interest rates go up or something unforeseen happens in the market,” HTW warns.
“The consequences attached to the security of the parent’s property can be compromised and potentially the parents could lose what they have worked all their lives for.
“This is where due diligence and focusing on areas where the potential for loss can be mitigated are critical.”
The firm says affordable options in the region are disappearing under booming property conditions.
“BIS Shrapnel forecasts put Newcastle’s growth over the three years to 2018 at 15%, so the time to get into the market would appear to be sooner rather than later,” it says.
However, it suggests areas such as Huntlee in the Hunter and surrounding suburbs offer first home owners attractive subsidies in the form of rebates such as landscaping packages, cash back incentives or furniture packages.
“It is easier said than done to find a suitable property under half a million dollars, but in areas such as Belmont, Swansea, Edgeworth, Boolaroo, Cardiff, Toronto, Wallsend and Barnsley and surrounding areas, there is still promise for first home buyers seeking houses,” the report says.
“The unit market is still very reasonable in sought after areas such as Charlestown, Merewether, Nelson Bay areas and New Lambton.”
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-nelson+bay-124832350" target="_blank">3/6 Thurlow Avenue</a>, Nelson Bay (above) has been listed for $399,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-charlestown-124802622" target="_blank">U1/21 Edward Street</a>, Charlestown (below) has been listed for between $385,000 to $420,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/08/U1_21%20Edward%20Street.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-nelson+bay-124710762" target="_blank">11/3 Intrepid Close</a>, Nelson Bay (below) was recently sold for $599,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/08/11_3%20Intrepid%20Close.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-merewether-124733242" target="_blank">4/27 Mitchell Street</a>, Merewether (below) was recently sold for $451,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/08/4_27%20Mitchell%20Street.jpg" alt="">
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HTW warns parents of guarantor downsides in Newcastle

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The strength of the Illawarra market since the middle of 2013 has resulted in diminished options for first home buyers, according to HTW’s Month in Review: March 2017.  
The firm says values are continuing to rise in the region, which is making it even harder for buyers to get onto the first rung of the property ladder.
“There are countless stories of young people or couples getting beaten out on purchases by investors or Sydney buyers paying above what the first home buyers could afford,” HTW says.
“There are certain locations in the Illawarra that would now be out of reach of most typical first home buyers.
“Suburbs north of Wollongong and areas around Shellharbour and Kiama would be a stretch without assistance.”
However, HTW have outlined several more affordable property types, at present in Illawarra:
<ul>
<li>For a one bedroom unit in an older complex in Wollongong or North Wollongong, expect to pay $300,000 to $350,000 or around $430,000 for a two bedroom unit.</li>
<li>For an older style dwelling in Lake Heights, Berkeley or Barrack Heights, expect to pay around $450,000.</li>
<li>A new dwelling at Calderwood or West Dapto could be purchased for approximately $550,000.</li>
<li>Older style dwellings in Nowra or Sanctuary Point are going for around $300,000 to $350,000.</li>
</ul>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-nowra-124834742" target="_blank">5 Elizabeth Avenue</a>, Nowra (above) has been listed for $350,000 and the agent states that the property is ideal as an investment property.
Similarly a vacant residential land at <a href="https://www.realestate.com.au/property-residential+land-nsw-nowra-201745182" target="_blank">21 Spring Street</a>, Nowra (below) has been listed for $310,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/08/21%20Spring%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-nowra-124759626" target="_blank">4 Supply Street</a>, Nowra (below) was recently sold for $325,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/08/4%20Supply%20Street.jpg" alt="">
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Sydney investors pushing first time buyers out of Illawarra market: HTW

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Houses in Canberra are on the decline with homes in Mackay, Townsville and Gladstone at the bottom of the market according to the March property clock from Herron Todd White.
Houses in Coffs Harbour, Newcastle and the NSW Central Coast are top the market. 
Apartments in Canberra are currently at the bottom of the market.
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%201.26.51%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/5/Screen%20Shot%202017-03-05%20at%201.26.51%20pm.jpg" alt="">
Property Observer found this four bedroom home,<a href="https://www.realestate.com.au/property-house-act-amaroo-124752410" target="_blank"> 90 Burdekin Avenue, Amaroo</a>, (above) on the market with a price guide of $598,000.
Another four bedroom home, <a href="https://www.realestate.com.au/property-house-act-nicholls-124631274" target="_blank">6 Waine Place Nicholls</a>, (below) is on the market expecting offers over $769,000.
<img src="https://www.urban.com.au/images/2017/03/07/Screen%20Shot%202017-03-07%20at%209.35.02%20AM.png" alt="">
 
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