Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

&nbsp;

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

&nbsp;

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils signature penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

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Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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Hobart has a balanced market for its unit’s rental vacancy situation, according to Herron Todd White’s latest report.
The property valuation firm says that Hobart’s rental vacancy trend is tightening.
Demand for new units is soft despite an increasing trend in new unit construction as well as a steady volume of unit sales.
<a href="https://www.propertyobserver.com.au/images/2017/02/03/Screen%20Shot%202017-02-03%20at%202.53.55%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/2017/02/03/Screen%20Shot%202017-02-03%20at%202.53.55%20pm.jpg" alt="">
Hobart’s unit property market cycle is currently rising, HTW's report said.
New unit properties in Hobart are almost never sold at prices exceeding their potential resale value.
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j.ballantyne1990-6AQqhLzZaK

Hobart's demand for new units is soft: HTW

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Confidence levels in Mildura’s rural property market have strengthened considerably during the past two years, according to Herron Todd White's latest report.
The property valuation firm says that the improved confidence will be continue to be reflected in both a higher number of property transactions and higher values.
"What is remarkable is that this confidence has spread to almost all of the rural industries found in the region," HTW's latest report suggests.
A lower Australian dollar, improved export access to some key Asian markets, low interest rates and generally good seasonal conditions have seen growers of table grapes, citrus and almonds generate strong cash flows in successive years.
Wine grape growers, after enduring terrible commodity prices for a decade, are expecting prices to improve by around $50 per tonne in the current harvest.
"They are hoping that this will be the start of a steady increase over the next few years.
"With respect to our local horticultural industries, it needs to be remembered that the current stronger conditions follow the very difficult conditions experienced between 2007 and 2013."
Property values fell considerably during this period, and the initial improvement was a bit of a catch up, it advised.
Dryland farmers have just harvested a near record crop.
While grain prices have been dismal, many growers benefited from stronger prices for canola and pulse crops which has helped improve their average per hectare returns.
Graziers in the far west of NSW have continued to benefit from very strong meat and wool prices, with agents reporting strong demand being shown for any grazing properties listed for sale.
The current strong returns are however contributing to a very tight supply of grazing properties being listed for sale.
In the last half of 2016, there were three sales of substantial table grape enterprises.
The buyers were two separate international investment funds and a recently listed Australian agribusiness company.
Analysis of these sales indicates that table grape vineyard values have risen by over 25 percent during the past two to three years.
There has also been significant sales activity in smaller family farm sized table grape vineyards, with buyers being mostly existing growers seeking to expand.
Interestingly though, a number of buyers of these smaller vineyards have been fruit exporters, motivated by a desire for vertical integration.
It will be interesting to see whether this trend continues or these non traditional buyers pull back, wary of also assuming the production risk.
An almond and wine grape agricultural property on 18,135 acres is listed at <a href="https://www.realestate.com.au/property-other-vic-mildura-7695503">1 Thurla Road Mildura</a> (above). The property currently has 565 acres of almonds, 291 acres of premier wine grapes, 16 acres of avocado &amp; 250 acres of commercial Lucerne.
It is listed through John Morris and Michael Everard of Ruralco.
A 23.4 acre property in Merebein, <a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-vic-merbein-123205646" target="_blank">149 Channel Road</a>, sold last October. It has 4 acres of Menindee, 3 acres of Red Globe, 2 acres of Crimson and 13 acres of Sultanas. The property features a 3 bedroom, 1 bathroom home, shed and pickers hut.
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Mildura rural market stronger due to high confidence levels: HTW

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Coffs Harbour's residential units property market is currently peaking, according to Herron Todd White's latest report.
Property data firm CoreLogic says that the average median price of a unit in Coffs Harbour is $295,750 with an annual growth of 3 percent.
Units in Coffs Harbour on average stay on the market for 84 days before being sold.
<a href="https://www.propertyobserver.com.au/images/2017/01/10/Screen%20Shot%202017-01-10%20at%201.34.50%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/10/Screen%20Shot%202017-01-10%20at%201.34.50%20PM.png" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124395934" target="_blank">9/20 Joyce Street</a> (above) has been listed for sale for $279,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-coffs+harbour-124067646" target="_blank">5/28 Fitzgerald Street</a> (below) has been listed for sale for $255,000.
<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/2017/01/13/5_28%20Fitzgerald%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Coffs Harbour residential units peaking on HTW property clock

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Interest and value levels appear to be remaining strong in the rural areas of the NSW Central Tablelands, according to Herron Todd White’s 2016 December report.
The property valuation advisory firm says that the usual buyers - neighbouring landholders, local landholders, some Sydney based buyers - are active.
However they are seeing some buyers relocating from western areas to be closer to the regional centres where their children are going to school and closer to services.
Residential amenity, along with access and proximity to regional centres continue to be key features of attraction, HTW advised.
The season remains good, it noted.
"Naturally a large portion of producers (and horticulture / viticulture operators too) are requiring some respite from wet weather as various crops ripen," HTW said.
"The northern end of the Northern Tablelands is enjoying possibly its best season in ten years, following good winter rainfall, with the exception being parts of the eastern side which generally perform best with autumn rains.
"That said, cattle prices remain buoyant (forget any talk of boom), lamb prices remain buoyant and there is great activity to get summer crops such as soya bean in where possible."
This has led to a strengthening of demand for all sections of real estate.
"We have seen a rise in the number of corporate sales in the area and agents advise that sales of smaller properties are occurring," the report stated.
Residential sales remain steady, with slightly less completions than 12 months ago.
With seasonal conditions and commodity prices as they are, HTW noted the expectation is for increased activity into the new year.
The southern end of the Northern Tablelands, concentrating on the Tamworth Regional Local Government area, has seen both a mix of local farming family expansion and corporate interest with the sale of two large aggregations in the Garoo area (south of Tamworth) to RIFA Australia, which reflected improved rates of $7,350 per cow area and $7,300 per cow area.
Local expansion in the Nundle area saw the sale of Tindaroo (pictured above) at an analysed rate of $7,700 per cow area.
Other areas of interest were properties in higher rainfall areas, particularly south of Walcha in the Niangala area, which saw the sale of Aberbaldie to Paraway Pastoral at an analysed rate of approximately $5,900 per cow area and the sale of Eulo for an analysed rate of approximately $6,400 per cow area.
Both these properties, whilst in an 850 to 950 millimetres rainfall area, had limited recent pasture and fertiliser development.
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NSW Central Tablelands rural buyers seeking proximity to regional centres: HTW

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Darwin has a large oversupply of units relative to demand, according to Herron Todd White’s latest report.
The property advisory firm says that there has been an increasing trend in rental vacancy while the demand for new units has been very soft.
<a href="/images/2016/12/07/HTW%20-%20NT%20Units.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/HTW%20-%20NT%20Units.jpg" alt="">
However both the trend in new unit construction and volume of unit sales is declining.
This may be because Darwin’s unit market is declining while new properties are frequently sold at prices exceeding their potential resale value.
A recent sale at Darwin is at <a href="https://www.realestate.com.au/sold/property-apartment-nt-darwin+city-123558910" target="_blank">4/6 Foelsche Street </a>(above) which sold for $425,000.
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Large oversupply of units in Darwin: HTW

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The balanced Townsville property market was beginning to show signs of an oversupply of houses relative to demand, according to Herron Todd White’s latest report.
The property advisory firm says that Townsville’s rental vacancy trend is steady while there is a fair demand for new houses.
<a href="/images/2016/12/06/HTW%20-%20QLD%20Houses.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/06/HTW%20-%20QLD%20Houses.jpg" alt="">
Both the trend in new houses being built and the volume of houses being sold remain steady.
Currently Townsville’s housing market is at the bottom while new properties are almost never sold at prices that exceed their potential resale value.
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Townsville's house rental vacancy trend remains steady: HTW

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There are signs the southern Queensland rural market may be approaching a phase of property value growth, according to a report from Herron Todd White (HTW).
HTW's rural report for November said that the region has come off the bottom of the value cycle, but the big question now is how strong and sustainable will this phase be.
"Confidence is a very important contributing factor in any decision making process and this would appear to be something that is beginning to become quite abundant," it said.
"However care must be exercised not to misinterpret confidence with a need to buy for the sake of buying or to 'keep up with the Joneses'.
"The southern Queensland market, in general, has experienced a very good winter and the signs are there, especially on the inner downs, that many broad acre farmers are about to reap the benefits of the good season to date.
HTW said many areas escaped damage from 'wet feet' to their chickpea and wheat crops that southern areas experienced.
"All of the fallow country should have a very good moisture profile which will then set the region up for a potentially good summer," the report advised.
"In regards to the Maranoa region and points further west, they also enjoyed a better than average season with the country generally looking very good.
"Again, this sets them up for a good summer.
"You don’t have to be Einstein to work out that given the strength of the cattle market (despite the issues of low female numbers in the future), the fair to good seasons primary producers have experienced over the past 12 to 18 months and the fact that the cost of borrowing money has never been cheaper, all the ingredients are there to suggest there is the potential that it could run for some time."
These positive agricultural factors are good signs for the area's property market, HTW said.
"We are now at a point in the cycle reminiscent to the early 2000s and before that the mid 1980s.... just prior to the upward run in the respective market cycles.
"Unfortunately the lesson we learned from those periods was that what went up ultimately came down. Sustainability is the key and given the multitude of issues that arose from the past two cycles, it should not be a hard lesson to learn. However we sometimes have very short and selective memories."
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Southern Queensland rural market slated for growth: HTW

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Unseasonal rain this year may have led to an unusual number of sale contracts and negotiations under way for this time of year, according to Herron Todd White's (HTW) November rural report.
HTW said there are about 10 contracts of sale in the northern Queensland marketplace at present.
"The normal marketing and selling period is after the wet from April to June," HTW said.
"This year saw limited market activity during this period and things were looking bleak. 
"Now that some rain has fallen in winter, things have stepped up a gear and total sales volumes for the year are expected to be within a healthy range from 20 to 25 cattle stations.
Many of the details of transactions are confidential at this stage.
"From an independent view point, the sale prices are sensible when duly considered and do not represent an increase in values from last year," the report said.
"There are some areas where sale value rates this year are showing that they have recovered to the pre-drought levels. They are certainly not above the pre-drought levels though.
"Up until recently, the strong cattle market has been good for vendors and has enabled businesses to do some good cattle trades and re-generate cash ow after three very lean years. This has enabled some prospective vendors to pay their bills while they market their stations. Perhaps with the cattle market coming off a bit lately, property buyers will remain cautious in their due diligence.
"Apart from the rain, a good thing for the property market is the low interest rate environment. This would be attractive for some buyers and also positive for existing owners.
"At this stage, the recovery in values to pre drought levels is looking good for the district to the north of Richmond, Julia Creek, Cloncurry and Camooweal up to the Gulf. The other area that is showing signs of value rate recovery is from Hughenden to Muttaburra and back up to Prairie."
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Rain, low interest rates seeding busy northern Queensland rural property market: HTW

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Residential Newcastle property owners are tapping into their growing equity to utilise investment opportunities, according to Herron Todd White’s latest market report.
The property advisory firm states that people are drawn to taking on renovation projects due to reality TV programs.
“And why not, given that at any point in the year we are all drawn to watching renovation (reality) TV programs, creating that desire to take on a project from start to finish yourself,” the report stated.
Smaller scale development options can include a minor subdivision of a large residential block, allowing for a second dwelling, granny flat or even a knock down and re-build with townhouses. All are appetizing small scale projects for novice investors," the report suggested.
"In our patch of Newcastle and The Hunter, mum- and-dad investors may have difficulty sourcing an investment opportunity for small scale development within a desired budget.
“Given the stronger property market within the confines of Newcastle itself, turning up to Saturday’s open homes and attempting to get through the front door can only be described as being more hectic than the mosh pit of a 1992 Metallica concert in Alabama.
"We also note that this is the same case across every price point within the region with recent sales of blue chip properties upwards of $3 million,” the report stated.
Higher competition between prospective purchasers ultimately reflects higher sale prices, which will influence the end profitability for the investor.
Given this, investors are currently not evident in the Newcastle market, unless the typical mum-and- dad investor is looking to upsize and can secure a property with re-development potential in the long term.
Around Port Stephens, in particular Colette, Salamander Bay and Nelson Bay where there is low supply in any residential land availability, any block that has the potential to provide additional housing is in high demand.
In areas with continuous expansion of residential development such as Fletcher, West Wallsend, Gillieston Heights and Chisholm, mum-and-dad investors seeking to increase their portfolios are looking to grab the corner or wide frontage block that will allow for a duplex pair to be built.
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Mum and dads speculate with extra accomodation development around Newcastle: HTW

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Sales activity in the Brisbane retail world is starting to slow with stock generally being very tightly held, according to Herron Todd White’s (HTW) latest report.
The property advisory firm says that sellers cannot easily replace their investments with equivalent yields in any other asset class.
Yields for neighbourhood centres have continued to tighten throughout the course of 2016, however, there is now a perception that we are approaching the top, primarily due to the tightening market for funding which is now requiring greater levels of equity.
The overwhelming demand for well leased retail stock in the sub $5 million market has created a seller’s market with buyers often cascading from one sales campaign to the next.
When they miss out on the first property the urgency to buy the next can be very strong.
Most activity remains in the convenience and neighbourhood sectors, but even there the quantum of transactions is slowing.
It is also now timely to pause and reflect on the quantum of capital growth that has occurred in these markets over the past three years.
A good recent example is the sale of the Sandstone Point IGA anchored centre which recently sold for $10.395 million showing a yield of 7.04%.
This property sold three years earlier for some $8.25 million and showed capital growth of 26% over that period. This is reasonably reflective of the neighbourhood and convenience centre markets generally.
More broadly, yields for well leased neighbourhood centres in strong locations are now well entrenched in the low 6% yield range.
Service stations are also hot at the present time.
The Caltex complex at Northlakes was recently contracted at a yield of 5.13%, showing a staggering 48% capital growth over a three year period since its previous purchase.
Whilst demand is likely to remain strong, we consider that the market is nearing the peak with the likelihood of yields bottoming out over the next six to 12 months.
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