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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Through 2016 there was substantial growth in property prices throughout Melbourne’s south eastern corridor and the trend is expected to continue into 2017, according to HTW's February 2017 update.
The valuation firm says that suburbs such as Seaford and Carrum saw median house prices grow 5.8% and 8.3% respectively in 2016, with Seaford’s median house price increasing an impressive 17.2% in the September 2016 quarter alone.
The area is popular with younger families and retired couples especially, due to its close proximity to the Frankston rail line, Frankston Freeway and Peninsula Link whilst also being well serviced with local amenities, shopping precincts, schools and beaches.
With the appeal of the region anticipated to continue, it is expected that property prices will also continue to rise well into 2017.
The adjoining suburb of Frankston North is also expected to continue its momentum into 2017.
The suburb was originally one of the largest housing commission precincts in Australia and many of the original brick veneer dwellings still exist.
Low median house prices and larger land sizes have made this area popular with first home buyers and even investors looking to demolish and subdivide, the report says.
"Whilst the suburb has struggled to shake its stigma as being a rough area, its popularity is certainly on the rise.
"Median house prices grew 8.8% in the September 2016 quarter and although the growth in Frankston North isn’t as substantial when compared to its neighbouring suburbs, it has been steady in the past and is expected to continue into 2017."
For $345,000 an investor can buy a house such as the one at <a href="https://www.realestate.com.au/property-house-vic-frankston+north-124443078" target="_blank">23 Hickory Crescent</a>, Frankston North (above) that is available from over $369,999.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-frankston+north-124193338" target="_blank">1/9 Windoo Street</a>, Frankston North (below) was sold for $346,780.
<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/2017/02/15/1_9%20Windoo%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Frankston North an attractive and affordable property hotspot: HTW

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HTW expects there to be steady activity and growth within Melbourne’s outer eastern suburbs, however, it is possible that uncertainty in the market caused by international political decisions may result in activity being marginally subdued in comparison to 2016, according to its February 2017 update.
The valuation firm says that it expects that downsizers will continue to cash in on larger blocks as the supply of development sites reduces, particularly in areas such as Croydon, Mooroolbark and Kilsyth.
“Ringwood North is perhaps another suburb worth watching due to its proximity to Eastlink and Eastland shopping centre, as well as access to good schools,” the reports says.
“The suburb continues to increase in popularity among up-sizers and families.
“Larger blocks with subdivisional potential in the outer eastern suburbs tend to be considerably more affordable than blocks on the outskirts of the middle eastern suburbs such as Ringwood East.
“Additionally homes located in the far outer eastern suburbs such as Coldstream still represent good value, especially for those not required to be close to transport links or the rail network.”
HTW says Croydon South is also a suburb that tends to be relatively affordable and is therefore also a suburb that is likely to experience higher than average growth this year as first home buyers rush to take advantage of the record low interest rates.
Apartments in suburbs such as Croydon and Mooroolbark tend to be relatively affordable but buyers should be cautious about the quality of finish on many of these newly constructed buildings, the report states.
“However, it could be argued that the majority of these apartments are built for the investor market and therefore affordability would tend to be the overriding factor rather than quality.
“We believe that the resale value of these apartments may be adversely impacted in the future as a result of the below standard quality of fittings and fixtures.”
At the average price of $671,000 an investor can purchase a house such as the one at <a href="https://www.realestate.com.au/property-house-vic-croydon-124606754" target="_blank">2 Nuraylia Avenue</a>, Croydon (above) that is currently available for between $670,000 to $737,000.
Similarly at the average price of $490,000 an investor can purchase a unit such as the one at <a href="https://www.realestate.com.au/property-unit-vic-croydon-124343538" target="_blank">4/32 Dorset Road</a>, Croydon (below) that is available for $499,000.
<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/2017/02/15/4_32%20Dorset%20Road.jpg" alt="">
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Melbourne's Croydon attractive to first home buyers: HTW

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HTW expects Melbourne’s north to see continued good growth in suburbs such as Hadfield and Fawkner, according to its February 2017 update.
The valuation firm says due to the suburbs proximity to the CBD (approximately 15 kilometres) and being serviced by two train stations, they are well-positioned to deliver further growth over the year ahead.
“Another major reason we expect these suburbs to perform well is due to the unaffordability in suburbs in the inner north such as Brunswick, Northcote and Thornbury,” the report says.
Currently the median house price for Hadfield is $650,000 and for Fawkner it is $614,000.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-hadfield-123624770" target="_blank">15 Lawrence Street</a>, Hadfield (above) was sold for $678,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-hadfield-123730950" target="_blank">14 Tassell Street</a>, Hadfield (below) was sold for $660,000.
<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/2017/02/15/14%20Tassell%20Street.jpg" alt="">
HTW also tips Mernda as a suburb worth watching in 2017.
“Although the outer north east suburb only experienced moderate growth (6.5%) in 2016, the introduction of a railway extension from the South Morang station should result in further growth,” it says.
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Fawkner and Hadfield the spots to watch in Melbourne's north: HTW

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In 2016, there was a large increase in demand for properties in Sunshine, 11 kilometres west of Melbourne’s CBD, according to HTW’s February 2017 update.
The valuation firm says the median house price grew $172,000 or 25.5% to $847,500 from the start of the year to December 2016.
“It will be interesting to watch if this price growth spills over into surrounding suburbs such as Sunshine North over the next 12 months,” the firm says.
“With a median house price in Sunshine North of $654,500 and $613,250 in Ardeer, according to CoreLogic, these price points are well below that of the hotspot of Sunshine and it will be worth observing if this gap closes during 2017.”
Further west, the new Caroline Springs V-Line train station and line duplication between Melton and Deerpark is opening in February 2017.
Serving Caroline Springs as well as the adjoining suburbs of Burnside, Plumpton, Taylors and Hillside, this is a highly anticipated major infrastructure boost to this western growth corridor of Melbourne.
It is expected to be used by 1,500 people per day rising to 4,800 per day in 2020, according to PTV.
The outer western suburbs such as Wyndham Vale, Werribee, Tarneit and Truganina still provide affordable entry in to the current property market, HTW says.
The median sale price in December 2016 for Wyndham Vale was $416,000, Werribee was $455,000, Tarneit was $530,000 and Truganina was $478,000, according to CoreLogic.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-wyndham+vale-124537494" target="_blank">56 Evergreen Drive</a>, Wyndham Vale (above) is currently listed for between $429,000 to $459,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-werribee-124475122" target="_blank">53 Duncans Road</a>, Werribee (below) is currently listed for sale.
<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/2017/02/15/53%20Duncans%20Road.jpg" width="700" height="425">
“Development is occurring at a rapid pace in this area and there are many large estates at various stages of construction,” says HTW.
The population of Truganina is forecast to double to 40,000 by 2036 while that of Tarneit will almost triple to 89,417 in the same period, according to Wyndham City Council data.
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New rail infrastructure to boost western Melbourne property market: HTW 

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There has been a strong start to 2017 with agents reporting minimal downtime for the Ballarat residential market during the Christmas and New Year period, according to HTW’s February 2017 update.
The valuation firm says the market is expected to perform well in 2017 with continuing population growth in the region.
HTW expects that the upper echelons of the market will continue to perform well with demand continuing to exceed supply for good quality properties and that period style housing in this market continues to be highly sought after.
Areas in particular that HTW tips to perform well in this sector are Lake Wendouree, Newington, Ballarat Central, Buninyong and lifestyle properties.
For the average price of $655,000 a house can be purchased such as the one at <a href="https://www.realestate.com.au/property-house-vic-lake+wendouree-124632526" target="_blank">1407 Gregory Street</a>, Lake Wendouree (above) that is available from between $640,000 to $670,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-vic-lake+wendouree-124632526" target="_blank">4 Haddon Street</a>, Lake Wendouree (below) was sold for $660,000.
<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/2017/02/15/4%20Haddon%20Street.jpg" alt="">
However, the lower end of the market is expected to remain static with little growth, but rental markets in these lower sectors are likely to continue to perform well with good returns.
HTW tips values in Delacombe and Winter Valley to be static for the foreseeable future with an oversupply of vacant land coming to the market and numerous new estates.
“Ballarat East and Redan have potential to show growth through gentrification in the lower end of the market,” the report says.
“These suburbs show growth potential with high volumes of period style housing currently at affordable levels. They also benefit from proximity to services and the city centre.
“Overall, the Ballarat residential market is expected to perform well and in line with 2016 trends.”
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Booming population boosting Ballarat property prices: HTW

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The Mildura economy has picked up in the past few years, largely attributed to stronger returns being experienced by the local farming sector and is starting to benefit the local property market, according to HTW’s February 2017 update.
The valuation firm says that producers of table grapes, citrus and almonds in particular have reinvested their profits by expanding their farms and upgrading machinery.
This investment has filtered through the wider economy.
The improved conditions have contributed to the housing market in Mildura continuing to tick along steadily.
“While capital gains have been modest over the past one to two years, there has been some growth evident, particularly for family homes in the $300,000 to $550,000 segment,” HTW says.
“We expect that 2017 will see a continuation of this trend.
“Buyers are a mix of people moving to Mildura for either employment or retirement and locals looking to upgrade to more substantial homes.
“Buyers in this segment are looking for three or four bedroom, modern homes in better locations.
“The presence of well designed outdoor living areas remains on the top of buyers’ wish lists.
“Meanwhile, the most noticeable increase in value has been for vacant land.”
The report says that the cost of completing land subdivisions has increased in recent years.
However developers have managed to recoup these cost rises through a combination of smaller lot sizes and higher sale prices.
“$100,000 is becoming the norm for a 39 700 square metre serviced lot in Mildura and larger, rural residential lots in preferred areas are now selling for over $150,000,” HTW says.
Values in outlying towns generally track below Mildura, with the exception of Irymple and Gol Gol.
These two satellite towns are within 8 kilometres of Mildura, have good amenities and are popular with families.
There are a number of residential subdivisions currently under way in these two towns which are expected to satisfy demand for new housing in these areas in the short term.
Rents have risen modestly during the past year or so and it appears that the rental market is relatively evenly balanced at the moment.
“We expect this situation to continue throughout 2017 as a result of the relatively large number of rental homes constructed in recent years,” says HTW.
For the average price of $250,750 a house can be purchased such as the one at <a href="https://www.realestate.com.au/property-house-vic-mildura-124427806" target="_blank">5 Havard Court</a>, Mildura (above) that is available from between $250,000 to $275,000.
For the average price of $180,000 a unit can be purchased such as the one at <a href="https://www.realestate.com.au/property-unit-vic-mildura-124545746" target="_blank">1/325 San Mateo Avenue</a>, Mildura (below) that is available from between $160,000 to $176,000.
<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/2017/02/15/1_325%20San%20Mateo%20Avenue.jpg" alt="">
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Mildura economy pickup benefiting property market: HTW

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Warrnambool has had little growth in the median house price over the past six year period, according to HTW’s February 2017 update.
The valuation firm says the oversupply of vacant residential land within Warrnambool is believed to be haltering the growth.
“Similar to 2016, it’s expected that Central Warrnambool will remain the strongest performer in 2017, with high levels of demand and limited supply, driving the increase in capital and shortening of days on the market,” the report says.
HTW tips North Warrnambool and Dennington to remain the affordable pockets suited to first home buyers and families.
Alternatively, areas comprising 1950 to 1980 built dwellings, such as Merrivale and West Warrnambool, should be treated with caution, inspite of relatively good rental returns, the report says.
“Prestige real estate exceeding $750,000 is expected to continue to hold its value in 2017.
“Extended marketing periods generally apply in this sector, which is due to limited buyers.
“Agents however, report realistically priced properties are generating satisfactory interest and in some cases sell in relatively short time frames.”
At the average price of $317,500 a house such as the one at <a href="https://www.realestate.com.au/property-house-vic-warrnambool-124435794" target="_blank">6 George Avenue</a>, Warrnambool (above) can be bought.
Similarly at the average price of $250,000 a unit such as the one at <a href="https://www.realestate.com.au/property-unit-vic-warrnambool-124610422" target="_blank">2/70 Garden Street</a>, Warrnambool (below) can be purchased.
<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/2017/02/15/2_70%20Garden%20Street.jpg" alt="">
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Vacant land has Warrnambool in a standstill: HTW

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Regions of Gippsland will be on the move while other regions stagnate, according to HTW’s February 2017 update.
Discussions with local real estate agents indicate that 2017 has started off surprisingly with an increase in buyer interest and sales, the report says.
The expansion of the East Sale RAAF Base is increasing confidence in the local area.
Rental vacancies in 2016 were at higher than usual levels, but 2017 is showing signs of investors coming back into the market.
"Sale could be the surprise packet of 2017," HTW says.
TRARALGON/MORWELL/MOE
The Latrobe Valley has come through a tough period and the forthcoming closure of Hazelwood Power Station has put some negativity in the market, says HTW.
Morwell seems to be the hardest hit with evidence of pricing at lower levels than 2014 and 2015, however rental returns are still at a high upwards of 8%.
"Traralgon new construction is still in good demand, so whilst there is come negativity, Traralgon may be a good buyer’s market at the moment with some good quality affordable properties on the available."
WARRAGUL/DROUIN
The Baw Baw region continues to grow. New housing is in high demand and land prices have increased in the past six to 12 months.
A lot more workers are commuting to Melbourne and agents are selling properties quickly.
There is evidence of increase in values in short term periods, the report says.
KOO WEE RUP/LANG LANG/NYORA
"These areas have been a real surprise packet, with fast growth and strong demand," says HTW.
Land prices have increased from $180,000 to $240,000 in a 12 to 18 month period.
Cranbourne and Peninsula buyers are becoming more interested in these regions.
Rural residential small acreage parcels in Nyora are increasing in value.
EAST GIPPSLAND
Bairnsdale will see continued average sales volume and demand ahead.
For Paynesville, 2015 was a good year, 2016 an average year and average volume is expected in the year ahead.
Lakes Entrance is showing better than five year average sales volume ahead.
Overall East Gippsland has average to better than average sales volume.
Phillip Island Phillip Island and the Bass Coast has seen relatively stagnant prices over the previous few years.
Predictions for price level growth in this area are regarded as positive with minor price growth over the past six to 12 months, according to the report.
New housing coming on to the market in 2017 on Phillip Island, mostly around Cowes, may limit price growth as supply is seen to be keeping up with demand.
"Recent press and news stories describing the Bass Coast and Phillip Island as affordable beach side living in comparison to other traditional destinations for Melbourne holidaymakers may result in increased demand and could have a positive impact on price growth," says HTW.
"An increase in interest rates is the most concerning factor with a large number of holiday homes and holiday rentals in this locality.
"Demand for a second residence or holiday home may decrease if the cost of borrowing increases."
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Gippsland's property market will be hit and miss in 2017: HTW

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The Gold Coast has a balanced unit market, according to HTW's latest report.
The property valuation firm says that Gold Coast has a steady rental vacancy trend with a soft demand for units.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%201.54.43%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/2017/02/13/Screen%20Shot%202017-02-13%20at%201.54.43%20pm.jpg" alt="">
There is an increasing trend in new units being constructed along with a steady volume of unit sales.
Gold Coast is at the peak of its unit market with new properties frequently being sold at prices that exceed their potential resale value.
A three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-qld-paradise+point-124739258" target="_blank">4302/2 Sunset Avenue</a>, Paradise Point (above) is currently listed for $689,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-qld-merrimac-124462254" target="_blank">107/6 Bourton Road</a>, Merrimac (below) was recently sold for $275,000.
<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/2017/02/14/107_6%20Bourton%20Road.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Gold Coast's demand for units is soft: HTW

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The NSW mid north coast region centred around the regional hub of Port Macquarie is still experiencing increasing values but at slower sale rates mainly due to a lack of available stock on the market, according to HTW's February 2017 update.
The valuation firm says in Port Macquarie, the rapidly developing and outlying subdivisions, both to the west and along the coastal strip to the south (Bonny Hills and Lake Cathie) are continuing to see rapid expansion with the high demand for residential land.
The other coastal towns and villages all along the mid north coast are also experiencing strong demand for land and modern dwellings and this is expected to remain strong and continue to grow in the coming months.
However there is a significant amount of vacant land and recently completed dwellings available for sale within these rapidly developing smaller towns and HTW consider that this expanding market may not be sustainable over the long term and anticipate that the growth may slow later in 2017.
“This current construction boom in some of these smaller towns may result in an oversupply of dwellings and land if demand were to lessen,” the report says.
During 2017, HTW expect that Port Macquarie will continue to remain one of the fastest growing regional centres in NSW for property investment.
New housing development continues to be based around the continuing growth of the Charles Sturt University campus, with an increase in the number of house and granny flats being built especially within the adjoining areas to cater for student accommodation.
The construction of the new Pacific Highway between Port Macquarie and Kempsey continues and is expected to be completed in late 2017.
“Last year demand from construction workers boosted the rental market in Port Macquarie, however we have noticed that rental demand and rates have plateaued and this is expected to continue for the next few months, although the continuing influx of university students will assist the rental market to remain strong,” the report says.
“The higher value, prestige properties and rural residential property markets in the region remain slow but steady, with slow demand combining to produce slowly increasing values.
“We have been quite optimistic for the region over the past two years and our optimism continues for the coming year.”
At the median price of $517,000 for houses a house such as the one at <a href="https://www.realestate.com.au/property-house-nsw-port+macquarie-124560190" target="_blank">20 Merinda Drive</a>, Port Macquarie (above) is available for $535,000.
Similarly at $340,000 a unit such as the one at <a href="https://www.realestate.com.au/property-apartment-nsw-port+macquarie-119127067" target="_blank">22/48 Pacific Drive</a>, Port Macquarie (below) is available for $340,000.
<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/2017/02/14/22_48%20Pacific%20Drive.jpg" alt="">
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