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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[smartcode_project_cta:default project_id=112661]

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.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

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2017 is predicted to track much the same as 2016 for the northern Gold Coast market, according to HTW’s February 2017 update.
The valuation firm says strong infrastructure investments, including the recent upgrade of Exit 54 and the scheduled commencement of construction of Westfield’s Coomera Shopping Centre, should ensure that demand from both investors and owner occupiers remains strong.
Coomera is a suburb that could be worth watching throughout the year, the report says.
Property types vary from semi-modern two-bedroom units starting in the mid $200,000s to prestige canal front dwellings achieving prices up to $1.8 million.
Coomera Waters is the premier estate in this suburb and is favoured by owner occupiers.
“Rental demand is likely to remain steady to strong with the construction workforce required to complete the impending shopping centre likely to look for accommodation nearby,” HTW says.
“Additionally, the adjoining suburb of Pimpama is likely to experience a flow on effect.”
Pimpama is largely dominated by investment stock, with many new estates either under construction or nearing completion in 2016.
“With such large quantities of rental properties coming on to the market there is a chance of an oversupply if the new stock is not leased within a reasonable letting period.
“Unfortunately, the majority of these house and land packages are sold to investors at rates above market value, which in turn can lead to the purchaser experiencing a loss if the property has to be sold.
“With there being very little difference aesthetically between these investment properties, prices can drop significantly if a large number are to come on to the market at the same time.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-coomera-124382722" target="_blank">10 Cherry Court</a>, Coomera (above) has been listed for $558,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-coomera-124645246" target="_blank">3 Paradise Drive</a>, Coomera (below) has been listed for $579,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/22/3%20Paradise%20Drive.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

New infrastructure to boost Gold Coast's Coomera: HTW

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HTW predicts that the residential property market for the Southern Gold Coast and Tweed areas will continue to improve slightly throughout 2017, according to its February 2017 update.
The valuation firm says at present it is quite common for a property to be sold within its first three weeks on the market and, more often than not, properties are attracting multiple offers from multiple parties within this timeframe.
“This shows demand is currently outweighing supply which in turn is pushing values upwards,” the report says.
“Prices and values have been on an upward spiral since 2012 and this looks set to continue unless demand steadies and the supply of properties to the market increases.”
Housing in affordable locations such as Murwillumbah and Elanora have seen dramatic increases within the past six months.
Entry level housing in Murwillumbah has increased from approximately $300,000 to around $325,000 to $340,000 within the past six to nine months.
Elanora has also seen an increase in entry level housing from $475,000 to $550,000 since the beginning of 2016.
“Palm Beach has been a strong performer for the past three to four years and also looks to continue to improve with a number of new residential developments planned along with new restaurants, cafes and bars to be opened in 2017,” HTW says.
“An entry level house in Palm Beach is now mid $600,000, whereas the same style of product could have been purchased for mid $400,000 at the bottom of the market in 2011 and 2012 showing an increase of possibly up to or around 150%.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-palm+beach-123752682" target="_blank">57 Twenty Fifth Avenue</a>, Palm Beach (above) was recently sold for $700,000.
“This market continues to perform strongly and there are no signs of it easing off.
“If anything 2017 has started stronger than the last six months of 2016.”
Other than new residential developments coming on line, there is not a great deal of infrastructure planned for the southern Gold Coast.
However talk that the plans to extend light rail to the airport are being brought forward which will more than likely have short term negative effects with roadworks, road closures and resumptions, HTW says.
“However long term it will benefit and complement the area by connecting the airport and central and northern areas of the Gold Coast with a lot more ease than available at present.”
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Entry level southern Gold Coast property skyrocketing: HTW

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The residential property market in the greater Darwin region experienced a fairly difficult 2016 and there is not much to suggest a strong 2017 lies ahead, according to HTW’s February 2017 update.
The firms overall evaluation of the Darwin residential property market for the year ahead is that it will be a settling year lacking any great drivers for growth.
However, this may open up opportunities for investors and first time buyers.
“With interest rates at record lows it appears a good opportunity to tidy up an existing portfolio or enter the market for the first time,” HTW says.
The valuation firm says there are some early signs of a recovery may be underway that may make it a shrewd target for investors.
Sales volumes are starting to flow back into the market, construction levels of new apartments has eased, land supply appears to be slowing and rental and vacancy rates appear to have stabilised, the report says.
“Increased sales volumes and buyer activity have been seen through the established locations of the northern suburbs and Palmerston, along with entry level inner suburban locations in the final months of 2016.
“With stamp duty exemptions and FHOG introduced across all property types, we would expect this to continue through the early stages of 2017.”
This year also looks as though it will be a quiet year in comparison to the past decade for the Darwin CBD, HTW warns.
“As at early February 2017 there are a limited number of cranes in the CBD, with a very small number of projects in the construction pipeline.
“This will continue to stabilise the rental market by not dumping further supply into a relatively soft market.
“For the first time in a few years it will give the CBD an opportunity to have a breather and consolidate.”
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nt-darwin+city-124636170" target="_blank">P01/16 Harvey Street</a>, Darwin City (above) has been listed for $530,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nt-darwin+city-124703602" target="_blank">129/19B Kitchener Drive</a>, Darwin City (below) has been listed for $799,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/22/129_19B%20Kitchener%20Drive.jpg" alt="">
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Darwin market conditions favouring first time buyers: HTW

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The Sunshine Coast property market finished 2016 pretty well with sale volumes for the year being strong and in some areas exceeding our expectation of the growth in values, according to HTW’s February 2017 update.
The valuation firm says growth within the residential property market on the Sunshine Coast is expected to continue this year with a number of factors likely to fuel demand for housing.
"Dwelling sales within the coastal corridor between Maroochydore and Caloundra, particularly the sub $700,000 price range, are expected to continue with increased demand as a result of the much anticipated opening of the Sunshine Coast University Hospital," the report said.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-maroochydore-123728370?listingType=buy" target="_blank">69 Awinya Lane</a>, Maroochydore (above) has been listed for $729,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-122311238" target="_blank">5 Beausang Street</a>, Caloundra (below) was sold for $750,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/5%20Beausang%20Street.jpg" alt="">
“The opening is expected to continue to improve market sentiment, particularly along the southern coastal strip between Maroochydore and Caloundra,” HTW says.
“This is also expected to have a major impact on the rental market within these areas.”
Construction within the Maroochydore CBD has commenced and once completed will provide a business and entertainment hub for residents and tourists alike.
The expansion of the Sunshine Coast airport and runway extension has had federal government funding approved with the private partnership yet to be announced.
 Once completed independent assessments value the economic benefit of the upgrade at $4.1 billion in the 20 years after it opens.
The northern coastal areas of the Sunshine Coast and the prestige markets in the Noosa area are expected by HTW to continue to see some growth throughout 2017.
“The strong markets and confidence of Sydney and Melbourne and more locally Brisbane areas are having a direct positive impact in the area,” the report says.
“Units are predicted to lag behind the housing market throughout 2017, however stock levels of all types of property are expected to remain relatively low which will place upward pressure on prices in some areas.
“The majority of residential development particularly in the new larger estates is primarily targeted towards the entry level market with residential lots getting smaller to improve affordability.
“2016 also saw a large increase in investor product in new estates, particularly the introduction of dual key dwellings comprising an attached one or two bedroom unit.
“The resale market for this type of product is still relatively untested with limited sales through local agents occurring in 2016.”
A significant portion of new house and land packages within these estates has also been marketed and sold to investors, both local and interstate, HTW says.
“The main concern in future is the balance between the number of owner occupiers and investors.
“Also the APRA policy to curb investment lending will continue to have an effect on the Sunshine Coast market. “
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New hospital behind a rise in Caloundra and Maroochydore prices: HTW

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Launceston’s established residential suburb of Newstead is worth keeping an eye on this year, according to HTW’s February 2017 update.
It is located approximately three and a half kilometres from Launceston’s centre and the valuation firm says it is popular with families due to its proximity to the city and its facilities.
The median sale price based on recent sales in this suburb was $325,000.
“For a touch above the median price at $340,000, you could expect to purchase an older style, 140 square metre house on just under 600 square metres of land,” the report says.
The Devonport region is the largest population centre in Tasmania’s north-west and is located approximately 100 kilometres north-west of Launceston.
“The median price of recent sales was $227,000, for which you could expect to buy an older style, 150 square metre house in Devonport on a block just under 800 square metres,” says HTW.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-124669878" target="_blank">20 Olive Street</a>, Newstead (above) has been listed for between $299,000 to $329,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-124658554" target="_blank">3 Wentworth Street</a>, Newstead (below) has been listed for over $349,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/3%20Wentworth%20Street.jpg" alt="">
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Newstead property a top tip for 2017 in northern Tasmania: HTW

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While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
But the firm warns that while Gladstone may be at the bottom of the market, it is likely to take a while for us to see any uplift in values.
“The Gladstone region vacancy rate still sits at approximately 8% indicating there is still an oversupply of product.
“The vacancy rate is slowly dropping however until it is at least halved, there is unlikely to be any pressure put on the rental market and rental levels.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-telina-124533194" target="_blank">59 Witney Street</a>, Telina (above) has been listed for $307,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-new+auckland-117979307" target="_blank">46 Cockatoo Drive</a>, New Auckland (below) has been reduced to $309,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/46%20Cockatoo%20Drive.jpg" alt="">
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Gladstone finally at the bottom of the market: HTW

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Horsham has plenty of room for improvement in 2017, but improvements in the rural season may lead to improvements, according to HTW’s February 2017 update.
The valuation firm says the Horsham residential market is coming off a sluggish 2016, however, above average harvest yields produced this season may instil some confidence back into the region and the property market.
Despite the better rural season, the market is expected to remain slow at the top end with a limited buyer pool in this price range.
"We hope to see an increase in the volume of sales within the owner-occupier market ($300,000 to $400,000)," the report says.
"Local agents are already reporting an increased buyer interest this year in comparison to the same period last year, however we expect prices to remain relatively stable within this price bracket.
"Unit prices are likely to remain stable with interest from both investors and people looking to downsize.
"The rural residential market will again be closely watched with a low volume of sales and high volatility expected."
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-124658554" target="_blank">4 Brooke Court</a>, Horsham (above) has been listed for $479,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-horsham-124502074" target="_blank">7 Florence Street</a>, Horsham (below) has been listed for $339,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/7%20Florence%20Street.jpg" alt="">
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Green shoots for Horsham residential property market: HTW

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Prices will remain steady for at least the first half of 2017 in western Gold Coast areas primarily due to low interest rates and limited stock levels, according to HTW’s February 2017 update.
The valuation firm says agents continue to report low levels of available stock and vendors being unsure when to list their property as they try to pick the top of the market.
Due to strong demand, the $450,000 to $650,000 dwelling market in Carrara, Nerang, Oxenford, Pacific Pines and Maudsland will be worth watching to see if prices increase albeit mildly, HTW says.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-pacific+pines-124492830" target="_blank">16 Austral Crescent</a>, Pacific Pines (above) was recently sold for $552,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-oxenford-123417786" target="_blank">21 Silver Dawn Crescent</a>, Oxenford (below) was recently sold for $490,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/21%20Silver%20Dawn%20Crescent.jpg" alt="">
Equally the $300,000 to $450,000 townhouse, villa and duplex market in Oxenford, Pacific Pines and Maudsland is expected to remain strong.
“Carrara and Nerang are generating interest due to infrastructure being constructed for the Commonwealth Games,” the report says.
“The suburbs of Oxenford, Pacific Pines and Maudsland continue to benefit from additional and improved roads and commercial development adding greater convenience and amenity for residents.”
However other areas of the region continue to struggle. The rural residential markets in and around Tamborine and Beaudesert continue to experience steady rates of sale although prices have not increased greatly.
“Lifestyle and additional employment opportunities in and around these areas continue to underpin demand,” HTW says.
“Older pockets of Nerang and Highland Park remain comparatively affordable due to perceived social stigma and proximity to train lines and the M1 motorway.
“As always the higher price point dwelling and rural residential properties over $850,000 that saw sharp rises over the previous one to two years ought to tracked to ensure that value levels are sustained. Land values should also be tracked.”
The firm says that stock levels will be the main issue for 2017 in the region.
“It is expected however that values and confidence will remain steady provided no significant fluctuations in interest rates or unemployment occur.
“Growth as witnessed in 2015 and 2016 is not expected.”
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West Gold Coast prices to flatline in 2017: HTW

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Local Adelaide agents are reporting continued low levels of stock in city fringe, locations within 10 kilometres of the city and in beachside locations, according to HTW’s February 2017 update.
The valuation firm says demand for quality housing in these areas seems set to continue if lower supply levels prevail.
There is also continuing activity from developers within suburbs that have undergone zoning changes in recent times such as the Campbelltown and Prospect areas.
“The outlook for 2017 will largely hinge on any potential interest rate increases and in the northern suburbs, the upcoming closure of the Holden manufacturing plant,” HTW says.
“Recent media reports have discussed the increasing levels of consumer debt and the high levels of investor activity versus diminishing activity in the first home buyer market segment.
“Future interest rate decisions will further influence these levels of activity.”
The firm also cautions buyers that there is quite a high level of stock available of housing that is less than five years old.
“Quite often a premium is being paid for a new product, when a similar dwelling is available in the same suburb, albeit slightly older.
“There is increasing construction of apartments in the Adelaide CBD and given the relatively stagnant values in this market segment, this type of property should be treated with caution.”
According to HTW, Adelaide is the most affordable mainland capital city on a median house price basis.
It points to ongoing infrastructure projects such as the Torrens to Torrens road upgrade, O-Bahn tunnel works and Darlington upgrades as employment opportunities for the state and improved facilities for the public.
“We would expect some increased activity in the market leading into February,” the report says.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-sa-adelaide-124597538" target="_blank">265 Angas Street</a>, Adelaide (above) has been listed for between $560,000 to $580,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-adelaide-124527802" target="_blank">907/39 Grenfell Street</a>, Adelaide (below) has been listed for between $425,000 to $440,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/907_39%20Grenfell%20Street.jpg" alt="">
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Adelaide property market hinges on interest rate decisions: HTW

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Hobart is on track to be Australia’s best performing capital city property market in 2017 with the city boasting the tightest vacancy rates in the country, a more controlled housing supply pipeline and increased migration and tourism, according to HTW’s February 2017 update.
The valuation firm says buyer’s agents have reported an increased interest in the property market throughout the greater Hobart region and have observed first hand growth of 8% to 10% from January to December 2016.
Some of the buyer’s agents are predicting buyer activity further intensifying and forcing stronger growth throughout 2017.
The strong population growth in Tasmania has been suggested to be the main driver behind the performance of the Hobart housing market.
“Should the increased interstate migration and booming tourism levels continue we believe this will continue to create stronger growth throughout not only 2017 but also for the next few years,” HTW says.
HTW suggests that due to the increase in tourism throughout the state, many investors are purchasing properties to be used for short term holiday accommodation as they are able to offer competitive accommodation rates which in some cases offer a greater return compared to long-term rental accommodation.
“Many local real estate agents throughout the greater Hobart region have reported a shortage of stock which is driving shorter selling periods and higher sale prices as demand continues to outweigh supply,” the report says.
“2017 may be the year we see an increase in properties going to auction due to many properties having multiple offers only a few days after being listed.
“Taking properties to auction may increase the sales price achieved as it will allow further time for interested parties to discuss their options prior to rushing in with an offer in fear of missing out had the property not been offered for auction.
“Throughout the greater Hobart and Launceston regions centrally located suburbs that contain a good range of facilities, larger infrastructure such as shopping centres, educational and health institutions and public transport tend to be popular with renters and purchasers alike and are viewed as having the best capital growth potential.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-hobart-124514026" target="_blank">125 Argyle</a>, Hobart (above) has been listed for over $850,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-hobart-124772038" target="_blank">306/156 Bathurst Street</a>, Hobart (below) has been listed for over $165,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/306_156%20Bathurst%20Street.jpg" alt="">
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