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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Brisbane has failed to reach investor expectations of a growing property market, according to Herron Todd White's (HTW) latest monthly market report.
The property advisory firm noted that investors were expecting Brisbane property prices to soar, however, it has failed to meet expectations.
"Good old Brisbane has seen the broad gamut of market activity from feast, to famine, to... “mehh”," the HTW report stated.
"Here we are in one of the most attractive, saleable and liveable cities on the continent... and we still haven’t seen our market firing strong right across the board.
"There have certainly been winners and losers but overall, average punters were expecting bigger value gains in the past four years.
"A lot of talk in 2013 was around Brisbane being ‘THE’ place to invest, but it’s generally failed to rise to expectations."
At present, HTW suggest there’s no doubt the strongest markets continue to be within 10 kilometres of the CBD.
"That’s a common theme here in Brisbane – stay close to the city centre and you won’t get hurt.
"There are a few reasons why you buy within a reasonable distance of the big smoke.
"Number one, this has traditionally been our most successful sector. In Brisbane, the closer in you are, the better your chances of consistent capital gains and ongoing tenancy.
"You do, however, need to be selective about property type and quality.
"The mantra must be whenever possible, choose detached housing in a decent location above all else.
"It will reduce the risk and improve your chances of success."
Herrod Todd White advises investors to be cautious about off-the-plan purchases and new units.
"As we’ve been saying for some time now – be very cautious about new units and off the plan purchases, particularly those designed to appeal to investor buyers. They are almost impossible to justify as a good choice in the current market.
"Another reason this inner zone is [Brisbane's] best? There’s no doubt that compared to Sydney and Melbourne, our property prices are an absolute steal. We’re regarded by many as the third big capital (apologies to Perth) so if you’re a transient investor focussing on between big cities and you’re looking for more property bang for your buck, it’s hard to ignore Brisbane and the suburbs closer to the centre."
Price points of appeal within this magic radius are broad. Any purchase between $500,000 and $1 million is sure to catch the eye of buyers – and most are looking to owner-occupier stock for solid investing.
HTW said the strongest interest comes from young professional couples as well as families who want to be in close proximity of schools, public transport and services.
"We also find once you go above the magic $1 million mark, the number of potential purchasers begin to decline significantly," the report observed.
Cheaper buy-ins for investors do tend to be in suburbs a bit further out. There are plenty of sub- $500,000 options in areas like Kingston, Slacks Creek and Caboolture and certainly tenant demand remains fairly strong, however you must still look for good land content with a detached home if you want to mitigate risk.
One example would be a five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-qld-slacks+creek-123169834" target="_blank">74 Kana Crescent</a> (pictured above) that was recently sold for $509,500.
When talking famine market, it is in fact these further flung addresses that struggle most.
Property type is key to performance, with townhouses and units in outer suburbs are very slow to sell.
This is evident in areas such as Marsden and Kingston where there are a lot of established townhouses as well as a continual supply of new townhouses that are mainly sold to interstate investors.
This high level of supply is well and truly exceeding demand and turnover can be a bit retched at times.
There’s also quite a large price difference between a new townhouse and an older established townhouse – although the rental return on the older townhouse is comparatively strong.
The investor who feels they must look at attached housing a bit further out, should consider purchasing a discounted older townhouse that may need a bit of renovation rather than something brand spanking new, HTW advises.
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j.ballantyne1990-6AQqhLzZaK

Brisbane property market disappointing investors: HTW

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Demand for housing in Mildura is greatest in the $225,000 to $450,000 price bracket, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that buyers in this range are predominantly owner occupiers, comprising a mix of first home buyers and people trading up from cheaper first homes. It is difficult to find a well maintained dwelling for less than $200,000 in Mildura, however cheaper houses can be found in some of the surrounding towns.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-mildura-123792114" target="_blank">1 Crosbie Court</a> (pictured above) that is for sale for $269,000.
The volume of sales above $500,000 is relatively low, however there is generally buyer interest if properties have good outdoor living areas, shedding or swimming pools.
Selling periods for properties priced above $600,000 are often longer than three months, but there are exceptions.
"Often we find that buyers of more prestigious housing are people relocating to Mildura for either work or retirement purposes," the report said.
"This group is generally able to act quickly when they see a property that suits their needs," HTW noted.
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Prestige market buyers relocate to Mildura for work or retirement: HTW

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The Mackay residential market currently is considered a buyer’s market, with the best purchasing conditions seen in over a decade, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the story of the Mackay market really is a glass half full versus glass half empty scenario.
"On the glass half empty side, we have seen values of residential properties fall 30% and higher in some areas on the back of the downturn in the resource sector, which Mackay is heavily reliant on," the report noted.
Rental vacancies have ballooned from below 1% to the current 7.7 percent which is actually down on the high of over 9 percent. Rental values have almost halved from the peak conditions in 2012.
"On the glass half full side, we now have buying and renting conditions not seen since the early 2000s.
"This is becoming noticeable in the current market, with increased sales volumes (albeit at low prices comparatively speaking).
"The price point that appears to have most volume is the sub $300,000 and in particular the low $200,000 properties."
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-mackay-122255734" target="_blank">12 Boddington Street</a> (above) that is for sale for $249,900.
For this price you can get an average quality high set dwelling in the established suburbs north of the river, or an older style Queenslander in average condition south of the river.
Previously, Mackay was seen as a mining town being unaffordable and too expensive to live for people not associated with the mining industry.
Couple these house prices with historic low interest rates and Mackay is now seen as a very affordable alternative to other coastal centres in Queensland.
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Best purchasing conditions in Mackay, but rental values are halved: HTW

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The prestige market as a whole is currently dominated by a lack of supply, which is most keenly felt in traditional blue ribbon prestige areas such as the eastern suburbs and lower north shore, according to the latest report by Herron Todd White.
As a result, transaction numbers remain somewhat subdued, although strong buyer demand for this limited available stock level is translating into bullish prices being achieved in some instances.
Herron Todd White noted that the prestige market shows signs of strong price growth.
"With an overall strengthening in the prestige dwelling market combined with limited stock levels, the prestige apartment market has shown recent signs of strong price growth primarily driven by the empty nester buyers, who previously struggled to realise adequate selling prices as a flow on from the impact of the GFC," said the report.
"While the prestige market is not stimulated as strongly by the impact of interest rate fluctuations, we do consider that savvy participants closely watch the performance of global and local markets and remain concerned about the under performing and fluctuating equities market and moderate performance of the local economy.
"Should stock levels increase, we consider that buoyant market conditions currently enjoyed in the prestige space may weaken."
Prestige residential property in Sydney is generally considered to represent properties greater than $3 million.
Prestige homes are scattered throughout the greater Sydney metropolitan area, with the highest concentrations in the eastern suburbs and eastern beaches, inner city and inner east, inner west and the lower and upper north shores.
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jchancellor-FAypfDUnLy

Sydney prestige prices may weaken with rise in stock: HTW 

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Recent market conditions in Alice Springs have provided challenging times, however there are some areas are showing some bright glimpses, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that they have observed good activity within the main town and rural area.
"We have seen good activity in the $650,000 to $750,000 price range both from within the main town boundaries and from the rural residential area," the HTW report said.
One example would be a four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nt-alice+springs-106467633" target="_blank">10 Irlpme Court</a> (pictured above) that was recently sold for $700,000.
This market segment in Alice Springs is not generally impacted by first home buyer considerations with most buyers being subsequent home purchasers.
A buyer in this price range will be able to secure a property in the golf course suburb of Desert Springs, typically with three bedroom and a study or a four bedroom home.
The standard of renovation will vary, however typically included on a 1,000 square metre allotment (approximately) will be an in ground pool, double garage and verandah.
"Conversely we have seen some price points really struggling in recent times," the report said. "The strata titled unit market has seen both reducing values and historically low transaction numbers."
Historically this segment has been ideal for first home buyers, however the NT government removed the first home buyers grant for existing dwellings in December 2014 which had a significant detrimental impact on the segment.
The recent NT election has seen the Labour government provide stamp duty concessions of up to $24,000 for first home buyers, with some early signs of stimulus in this segment already evident.
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Challenging time for market in Alice Spring: HTW

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Sales evidence indicates that most of the dwellings sold in the past 12 months in Mount Gambier were in the $200,000 to $250,000 price range, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the $200,000 to $250,000 price range is affordable for owner occupiers entering the market and for investors looking for a property that provides a stable rental return. The $251,000 to $300,000 segment and $301,000 to $400,000 are also price points that have been favoured among buyers within the past 12 months.
A dwelling within the price range of $200,000 to $250,000 is generally of average to good quality, including three to four bedrooms, one or two bathrooms, car accommodation and an undercover outdoor area. The dwellings are generally of brick or stone construction.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-sa-mount+gambier-123783986" target="_blank">9 Currawong Crescent</a> (pictured above) that is for sale for $219,500.
Living areas range from about 150 to 200 square metres and the properties are located on roughly 700 to 900 square metre allotments. These houses vary in age from the stone dwellings constructed circa 1950s to brick dwellings constructed circa 1980s to 2000s.
A circa 1998 brick dwelling with three bedrooms, two bathrooms and a double garage under the main roof. Ancillary improvements include a pergola. Living area is 160 square metres and the dwelling is situated on a 756 square metre allotment.
For this price you can also get a modern residential unit including two to three bedrooms, one bathroom and a single garage under the main roof, such as the one below. These units are generally located on roughly 200 to 500 square metres allotments.
A 2013 brick unit with three bedrooms, one bathroom and a single garage under the main roof. Living area is 143 square metres and the unit is situated on a 409 square metre allotment.
Over the past 12 months there have been few dwellings purchased for under $150,000 or over $500,000. Dwellings under $150,000 are generally in less sought after locations and have limited market activity.
Dwellings over $500,000 are at the top end of the market and have a reduced market segment. High income earners generally purchase these properties. These properties are often tightly held and rarely hit the market, which is reflected in the low number of sales occurring each year.
Properties reaching over $500,000 are generally modern homes in a newer residential division or character homes of high quality within close proximity of the town centre.
A circa 2011 stone dwelling with four bedrooms, two bathrooms and a double garage under the main roof. Ancillary improvements include a large alfresco area and two car detached garage. Living area is 335 square metres and the dwelling is situated on a 1,085 square metre allotment. Situated in a modern residential division.
A circa 1920 stone character dwelling with three bedrooms, two bathrooms and double garage. Ancillary improvements include a pergola. The property has been extensively renovated. Living area is 246 square metres and the dwelling is located on a 1,366 square metre allotment within close proximity of the town centre.
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Owner occupiers and investors target cheap Mount Gambier offerings: HTW

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Most agents are reporting a distinct lack of stock across the board in Echuca, but particularly in the standard $300,000 to $400,000 price bracket, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm said that this is having some interesting impacts on the market, including an increasing number of off market transactions as agents have buyers ready. Upward pressure on pricing and, in some instances, some increased pricing for rural residential properties in close proximity to town is also impacting the market.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-echuca-123670822" target="_blank">56 Simmie Street</a> (pictured above) that is for sale for $335,000.
The tighter supply conditions has been seen through most market segments with several significant larger sales which appear to have been buoyed by lower interest rates and an expectation that they will remain low in the short term.
These include several sales in excess of $1.2 million in recent times and another property which has allegedly just gone under contract for $2.75 million.
In the Sale and general Wellington areas, the $250,000 to $350,000 continues to perform consistently, according to HTW.
First home buyers and young families generally dominate this market segment, purchasing circa 1970 to 1990, three to four bedroom brick veneer properties in established locations.
The higher end properties, generally being those with asking prices over $650,000, tend to experience longer selling periods, with few buyers active in this market segment. Slowing activity in offshore and onshore gas and oil operations based in nearby Longford tends to impact this market segment.
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Lack of supply in Echuca and Gippsland results in tight property market: HTW

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The Emerald residential market currently is considered a buyer’s market, with the best purchasing conditions seen in over a decade, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that all price sectors are active.
Agents are reporting a constant flow of new rentals and selling periods for properties appear to have shortened.
Mortgagee in possession sales in Emerald still appear to be minimal.
"Many first home buyers are active and job vacancies remain steady as the worst appears to be behind us," the HTW report said.
The $220,000 to $350,000 market appears to be holding now as new home buyers can buy a good quality, modern home in this range depending on the area of town they choose to live.
One example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-qld-emerald-123751678" target="_blank">3 Edgewood Drive</a> (pictured above) that is for sale for $300,000.
Most investors are still local with a few multi-unit properties starting to move.
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Gloom lifts in Emerald with residential market in best condition in a decade: HTW

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Price point nor location are the determining factors in the Rockhampton region when determining the most or active sectors, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that price point and location are not determining factors in either the most or least active sectors of the market in the Rockhampton region at this point in time.
"More so, the buyer profile and presentation of the property is determining activity or lack thereof in the local market," HTW advised.
The buyer demographic most active in this region over recent months has mainly been owner occupiers looking for either a first home or upgrading under favourable buyer conditions, including record low interest rates and affordable housing prices.
These buyers, whether they are first or subsequent home buyers, are drawn to well priced and well presented dwellings, ready to live in with no renovations or repairs required.
Price points vary considerably for this active market sector, but HTW said it is typically seeing first home buyers at prices up to approximately $300,000 and upgraders from $400,000, depending on their financial backing.
An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-norman+gardens-123802782" target="_blank">25 Kingfisher Parade</a> (pictured above) that is for sale for $349,000.
The local investor market has been slower than it has been historically, with job security the obvious reason behind this changing trend in Rockhampton.
Properties that appeal to investors generally would benefit from a maintenance program to attract tenants and enhance rental return.
Given the volume of available housing, buyers have been less inclined to spend their cash reserves on such maintenance and repairs.
"While our local economy is typically quite diverse compared to our regional neighbours to the north, south and west with education, health and agriculture also major employers in the region, the mining and associated services industry downturn has had a significant effect on local investment," the report states.
This has combined with higher rental vacancy rates which makes the region less attractive for the typical mum and dad investors.
HTW noted that Rockhampton has, historically, been more stable compared to other regions.
"Having said this, Rockhampton has historically been a less volatile market than other regional localities," said the report. "+Given recent economic conditions combined with the 2015 APRA changes to investor lending, it is possible that some investor activity will return to the local market as investing in capital cities becomes less affordable."
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Presentation plays vital role in sale of Rockhampton properties: HTW

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The most active suburbs on the southern Gold Coast and Tweed Coast districts are those in proximity of the beach and amenities, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that these suburbs include Miami, Burleigh Waters, Burleigh Heads, Palm Beach, Coolangatta, Tweed Heads, Banora Point, Kingscliff, Casuarina, Bogangar and Pottsville.
The favoured price point among buyers for dwellings in the above areas on the southern Gold Coast is between $550,000 and $800,000.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-tweed+heads-123679450" target="_blank">5 Murraba Crescent</a> that is for sale for $685,000.
The price point among buyers for dwellings in the above areas on the Tweed Coast is between $450,000 and $700,000, excluding Salt at Kingscliff and Casuarina which is between $700,000 and $900,000.
Buyers generally active at this price point are young local professionals and families. The properties obtainable are generally renovated older style dwellings on the southern Gold Coast.
In the Tweed Coast in particular Salt and Casuarina the properties would be modern dwellings typically having four bedrooms, two bathrooms and a double lockup garage.
The market with the slowest activity is the rural lifestyle market, however, it has improved over the past 12 months.
The slowest price point would be over $750,000.
"Buyers are generally families looking for privacy and green open space," the report advised.
This market is generally slower due to the distance from the coast and amenities such as shopping and schools, HTW said.
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