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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There is an oversupply of rentals in Townsville with available properties exceeding demand, according to Herron Todd White’s (HTW) latest market report.
The property advisory firm says that although there are issues with rental vacancy, the trend is steady.
HTW said there is fair demand for new houses, which coincides with a steady trend of new houses being built despite increasing volume of house sales.
<a href="/images/2016/11/04/Qld%20houses.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/04/Qld%20houses.jpg" alt="">
New properties in Townsville are almost never sold at prices exceeding their potential resale value, the report said.
Other regions with a fair demand for new houses includes Whitsundays and Brisbane.
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j.ballantyne1990-6AQqhLzZaK

Townsville housing market currently in oversupply: HTW

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Canberra is at the bottom of the unit market, according to Herron Todd White’s latest property clock. Sydney is approaching the peak, which is where Melbourne has been for some time.
The property advisory firm's November property clock says that Canberra had recently moved from approaching the bottom of the market to now being at the bottom of the market.
Apartments in Melbourne, Dubbo, the NSW Central Coast, Newcastle and the Gold Coast were at the peak of the market cycle in October.
<a href="/images/2016/11/04/Unit%20clock.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/04/Unit%20clock.png" alt="">
This is also the same for South West WA with Adelaide, Bundaberg, Emerald, Townsville and Whitsundays also being at the bottom of the market.
Places where the unit market is at its peak includes Melbourne, NSW Central Coast, Coffs Harbour, Gold Coast and Newcastle.
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Sydney apartments approaching peak, Melbourne at top and Canberra at bottom: HTW property clock

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The recent change of government with Labor taking hold of the reigns in the August election have improved conditions in Darwin for people trying to enter and exit the property market, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the past two years has seen Darwin’s property market continually slow with decreasing prices and lower sales volumes across the board.
First home buyers were only offered incentives for brand new properties in those two years and established properties subsequently received limited interest.
Since 1 September the market has sprung to life again as the new first home owner incentives for existing properties came into play.
First home buyers are now eligible for up to $24,000 in stamp duty concessions, with the first $500,000 of the purchase being stamp duty free and the incentive being capped at $650,000.
As many of the properties now being targeted by first home buyers will be relatively old, a further incentive of $10,000 to be utilised for renovations including up to $2,000 on household goods will further encourage people to buy existing properties. The incentive of $26,000 for building or buying a new property remains in place.
The new concessions have only been effective for three weeks and agents are reporting increased activity with numerous contracts executed in the short existence of the initiative.
"Many prospective purchasers were waiting to see the election results before making any serious offers and have been quick to take advantage of the new benefits, some fearing it might push prices back up, particularly at the entry level," the report noted.
As the incentive is capped at $650,000, all established properties on the market under that range are expected to attract more interest.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nt-darwin-122535794">20/12 Dashwood Place</a> that is for sale for $575,000.
The northern suburbs in particular will be a popular area for young buyers and all the older Palmerston suburbs should benefit also.
Herron Todd White noted how the scheme might affect the property market.
"The biggest loser from the scheme may be the already suffering new estates, as new home buyers will now shift away from building and focus on the established market. particular Zuccoli and Muirhead are the two estates with the most land left to release and project builders may have to bring their build contract prices down to compete with existing stock.
The increased activity in the market will help move properties quicker and the flow on effect will help people buy up an asset class from their existing property.
HTW still thinks there are still many negative economic factors surrounding Darwin and as the population continues to fall the basic supply and demand principles would suggest that prices won’t be drastically spiked by these new incentives.
"The greatest benefits will be more sale transactions, shorter marketing periods and more opportunities for people to enter the property market."
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Darwin property market may improve with new first home buyer scheme: HTW

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The local economic situation in Queensland remains stable with Emerald and Brisbane reporting steady growth, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the volume of industrial properties being sold remains at a stable rate, although some cities, such as Townsville and Gladstone, are reporting an oversupply of industrial properties.
<a href="/images/2016/10/14/QLD%20industrial.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/QLD%20industrial.jpg" alt="">
HTW notes there is significant value differences between quality properties with national tenants and comparable properties with local tenants throughout QLD regions, with the exceptions of Cairns, Rockhampton, Gladstone and Toowoomba which are reporting only a small difference.
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Queensland's local industrial markets remain stable: HTW

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The industrial market in NSW for the most part is a balanced market, according to Herron Todd White’s (HTW) latest monthly market report.
However, the property advisory firm says that there are some areas such as Albury, Orange and Newcastle that are reporting an oversupply of industrial properties compared to demands.
<a href="/images/2016/10/14/NSW%20industrial%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/NSW%20industrial%202.jpg" alt="">
Many of the areas of NSW's industrial market are starting to recover, with Albury, Wagga Wagga and South East NSW reporting that their industrial markets are now at the bottom.
The local economic situation remains unchanged with most cities reporting little change in their situation, except for Tamworth and the Central Coast regions which are experiencing a steady growth in their local economies.
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Some NSW regions facing industrial property oversupply: HTW

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The local industrial economic situation in Tasmania and Victoria is reported to be flat, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the volume of property sales have been steady with the exception of Gippsland, which is declining, and Ballarat which is improving.
The volume of property sales is increasing in Ballarat, while the rental vacancy trend is steady. HTW remark that the local economic conditions are for steady growth.
<a href="/images/2016/10/14/VicTas%20industrial.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/VicTas%20industrial.jpg" alt="">
Overall there is a mixture of a balanced market and some regions that are experiencing an oversupply of industrial properties.
This is despite the rental vacancy trend reported to be steady throughout the Tasmanian and Victorian regions.
Photo of Ballarat courtesy of WikiCommons. 
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Ballarat industrial property market on the improve: HTW

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The industrial market is either approaching or at the bottom of the market despite the number of industrial properties remaining at a steady rate, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the exception were Perth, Darwin and South West WA where the numbers of industrial properties are declining.
<a href="/images/2016/10/14/NT%20industrial.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/NT%20industrial.jpg" alt="">
There is also a large value difference between quality properties with national tenants, and comparable properties with local tenants in all of the regions with the exception of Alice Springs and South West WA which has reported small value differences.
There is also an oversupply of industrial properties throughout all of SA, WA and NT, resulting in a flat local economic situation.
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Industrial market in NT, SA and WA declining: HTW

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There is an oversupply of industrial properties in all capital cities except Sydney, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the volume of property sales remains at a steady pace, with the exception of Perth and Darwin, which are declining.
The Sydney industrial market was rising and supply cannot keep up with the demand, the latest report said.
<a href="/images/2016/10/14/NSW%20industrial%201.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/NSW%20industrial%201.jpg" alt="">
The value difference between quality properties with national tenants and comparable properties with local tenants alter between significant and large across NSW's markets.
This is in conjunction with a number of cities such as Sydney, Melbourne and Brisbane where the property cycle is either approaching the peak or rising once again.
<a href="/images/2016/10/14/NSW%20industrial%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/NSW%20industrial%202.jpg" alt="">
In contrast both Perth and Darwin are approaching the bottom of the property market cycle, while Canberra is in the process of recovering once again, the report noted.
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Industrial property oversupply across capital cities – except Sydney: HTW

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The most popular price point in the north-west Gold Coast and southern Logan area is the $380,000 and $410,000 price bracket, according to Herron Todd White's latest monthly market report.
The property advisory firm says that over the past two years, this range has been very popular in Yarrabilba with owner occupiers (particularly first home buyers) and investors.
There have been a large number of sales lately in this price range of recently completed houses which have never been occupied.
They are generally good value for money and provide the benefit of buying a new house without the lead in time and perceived stress related to building a home, the report said.
Purchasers of completed house and land products benefit from different lending criteria and the limited paperwork compared to the additional documents and contracts required for construction loans.
In this price range you get a new four bedroom, two bathroom house with double lock-up garage located on lots ranging in size from 290 to 450 square metres and with living areas of between 120 to 150 square metres.
A four bedroom home at <a href="https://www.realestate.com.au/property-house-qld-yarrabilba-123222694" target="_blank">13 Wildflower Street</a> (above) is for sale for $545,000 at Yarrabilba. It is a former display home.
In contrast to Yarrabilba, there is a limited market for standard housing above $550,000 in areas slightly further west including Jimboomba and the surrounding suburbs.
This area is traditionally a rural residential locality. Buyers have numerous choice from new to second hand dwellings.
A modern house can be purchased for around the $550,000 price point, typically constructed between 2008 and 2012 on around one acre with around 190 square metres of living area.
The HTW report notes these rural lifestyle properties are just that much further away from all amenities, schools, shops etc with longer travel times, however appeal to purchasers seeking a larger property than a standard residential lot.
These property types in the Jimboomba area are almost exclusively owner occupiers or investors who live short distances away.
While prices in these areas have increased, they tend to gain momentum and decline quicker than more centrally located properties with shorter market cycles.
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Yarrabilba has popular pricing for Gold Coast property: HTW

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The Cairns market has slowed in terms of numbers of sales, with sale numbers during 2015 to 2016 as a whole down by about 7% on 2014 to 2015, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that in addition price growth during the year has been minimal.
"Our chart shows the price breakdown for houses sold in Cairns in each price category in 2015 to 2016 compared to 2014 to 2015. It highlights that the majority of house sales remains clustered in the $300,000 to $450,000 price bracket and is relative to a Cairns median house price of precisely $400,000 during the 2015 to 2016 year," the report stated.
House sales during 2015 to 2016 have slowed noticeably in each of the sub $450,000 price brackets and most noticeably in the sub $350,000 price bracket. This is most likely due to a lack of first home buyers and low end investors in the market.
An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-qld-bentley+park-123837730" target="_blank">20 Cadell Street</a> (above) that is for sale for $359,000.
However sales overall have increased in the $450,000 plus price brackets as confidence has continued to slowly build in this segment.
Sales in the $1 million plus category occurred during 2015 to 2016 across a variety of suburbs, with the highest numbers being observed in Redlynch, Trinity Park, Whitfield and Holloways Beach.
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