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.

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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." />

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&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.

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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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Around three quarters of all residential sales in Bathurst are between $300,000 and $500,000, according to Herron Todd White’s latest monthly market report.
The property advisory firm noted a correlation between the sale price and the average income in the area.
It advised the majority of home owners are able to service mortgages at these prices.
The size to which dwellings can be built is determined by this limitation in relation to the cost of construction.
In this bracket properties range from slightly dated 60 year old three bedroom, one bathroom dwellings to modern brick veneer four bedroom dwellings with an en suite.
At $500,000 such a dwelling could comprise over 200 square metres of living area alone.
An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-bathurst-123592886" target="_blank">6 McLean Street</a> (pictured above) that is for sale for $519,000.
HTW noted a new limitation is then reached in that there is a point when a dwelling can be too large for practical purposes.
"That corresponds with why the majority of properties at $600,000 or more comprise small acreage," the report said.
At the moment anything under $300,000 is being snapped up as soon as it is available. The reason that there are not as many sales in this price bracket is because fewer become available. Although new dwellings continue to comprise a large percentage of sales, this is influenced by the lack of listings that are currently becoming available in established areas.
"This would also skew the areas of higher activity, but not necessarily the level of change in value," the HTW report said.
"This is further influenced by the personal circumstances of purchasers determining the time frame available to allow location to be as important a determinant as the need for accommodation."
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j.ballantyne1990-6AQqhLzZaK

Property supply lacking as demands increase in Bathurst: HTW

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The lower end of Western Australia's south west property market has experienced reduced sales volume and a weakening of values, according to the valuation firm, Herron Todd White (HTW).
First home buyers and investors generally make up the buyer profile for the lower end of the market.
"The market is driven relatively equally by both (of these buyer demographics)," the HTW report stated.
"First home buyers have been stimulated by government rebates, low interest rates and property values in general being the lowest they have been for numerous years.
"These positive indicators have resulted in first home buyers returning to the market."
Competition for the lower market segment is brought by investors who are looking to capitalise on historically stronger rental market that has seen an increase in yields.
Higher yields and low interest rates create a good market for investors and this has strengthened property values.
The report said entry points into the lower end of the market range from $250,000 to $400,000 and for this amount you can purchase either a basic established residence or build a project home in one of the outlying new developments.
These established homes are in general located within closer proximity to the beach than the new developments. Established homes generally offer better capital growth potential, while the new housing market offers better yields, HTW suggested.
The middle segment of the market is also weakening as there are fewer vendors from the lower market looking to trade up. There is still good demand for well presented and well located properties within this $500,000 to $1 million price range.
"As the market is currently soft in the south west it presents opportunity to upgrade the residence as value for money is very good," said HTW.
The buyer profile usually consists of second and third time home owners or investors from Perth looking for a holiday home.
"Unfortunately, the upper end of the market is considerably slower than the lower and middle market segments," the report suggested. 
"Properties in and above $1 million are selling if they are priced correctly, however extended selling periods of six to 12 months are still common.
"This is a reflection of the limited number of prospective purchasers in this price bracket."
Sale numbers in the prestige market over recent months have reduced, especially with job losses in the mining sector. This has put pressure on the prestige property market as high income earners are taking considerable reductions in wages as they relocate.
HTW noted the south west is considered to be a premium holiday destination given its pristine beaches, surf and world renowned wine region.
Prestigious properties scattered throughout the south west, such as Naturaliste, Eagle Bay, Metricup and Yallingup are still recording sale prices regularly in excess of $1 million.
"There is still demand from the wealthy to invest and holiday in the region," stated the report.
"Overall, it is likely the property market in the south west for the remainder of 2016 will be slow.
"The swings of the Perth market during the last several years have been missed in the regions but we would recommend caution as the slow down in the state resource sector, continued weakness in Perth and general economic uncertainty could promote more of a widespread downturn throughout the market."
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jchancellor-FAypfDUnLy

Bottom end of south west WA market on the move: HTW

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Within the greater Hobart region, the most favoured price point among buyers at present is within the $300,000 to $400,000 range.
The majority of these sales come from the middle Hobart suburbs, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that home buyers at this price point in these mid suburbs include up-graders and downsizers along with some investors.
The majority of recent sales and listings within this price bracket came from Howrah, Kingston, Lutana and Moonah, all of which are within a 15 kilometre radius of Hobart’s centre.
"Within this price range in Howrah you would typically be able to purchase a smaller sized, approximately 125 square metres of living area, modern home or a larger (from 175 square metres) older style home," the report said.
"In Kingston, to the south west of Hobart and the most rapidly growing area within the greater Hobart region, you can expect to pick up an older style home offering 140 to 180 square metres of living area for between $350,000 and $400,000.
"For those who prefer unit living, in Kingston for between $300,000 and $350,000, a two to three bedroom unit with a living area of around 100 to 130 square metres can be purchased within one of the newer subdivisions."
The $300,000 to $400,000 range is mostly favoured throughout Moonah and Lutana due to the attractive rental return for investors.
Typically an older style, three or four bedroom home in original condition can be purchased at around $350,000 and could be expected to achieve a gross yield between 4.5% to 6%.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-tas-moonah-123751390" target="_blank">4 Clifford Street</a> (pictured above) that has been for sale for $335,000.
In the north of the state the most favoured price point among buyers appears to be within the $250,000 to $350,000 price range. South Launceston, West Launceston, Newstead and Invermay have recorded multiple sales within the past few months in this price range.
An older style, renovated home offering between 100 and 150 square metres of living area in west or south Launceston can be picked up within this $250,000 to $350,000 bracket. For the same price range in Newstead you can get an older style home in original condition with a living area ranging between 120 and 180 square metres. All of these suburbs are within two to four kilometres of Launceston’s centre.
The north and north-west of the state have a similar demographic of purchasers within their respective favoured buyer price points. Second home buyers appear to be in the majority and are either upsizing or downsizing.
North-west Tasmania is seeing a favoured price point within the $200,000 to $300,000 range. Devonport, East Devonport, Sheffield and Port Sorell have had a relatively stronger presence for both sales and listings.
Recently in Devonport and East Devonport purchases of modern or renovated homes that offer 125 to 200 square metres of living area have been made within this price bracket.
Both the north and north-west of the state paint a similar picture for investors as that of the south with gross yields of between 5% to 6% being achieved.
Throughout Tasmania the slowest price point appears to be within the $100,000 to $170,000 range.
The majority of properties within this range in the south can be found in Clarendon Vale, Bridgewater, and Gagebrook all of which are within approximately 30 kilometres or a 30 minute commute to the Hobart CBD, the report said.
These properties are mostly single level, brick veneer, three bedroom, one bathroom houses ranging from 90 to 120 square metres of living area and were previously state housing.
Buyers within this range are often investors looking for a strong rental return with rents ranging between $200 and $300 per week. Many of these homes require repairs prior to being made available for rent.
"Due to required repairs these homes generally have extended selling periods and do not appear to be in strong demand," HTW advised.
"Rocherlea and Waverley are suburbs in the north where similar types of properties are available for purchase but demand is likewise limited.
"While these suburbs offer low barriers of entry and good gross yields for investors their potential for future capital growth should also be considered,\."
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Attractive rental returns draw Tasmanian investors to Moonah and Lutana: HTW 

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The residential property market in the Illawarra has gone from strength to strength since 2013 with no particular price point or location being left out, according to Herron Todd White’s latest monthly market report.
The property advisory firm said that all purchaser types have been affected, from first home buyers, investors focused on returns to prestige buyers. Demand from buyers has shifted south from Sydney into the Illawarra and even the Shoalhaven has come out of a long market slump.
PriceFinder reports that the most active price ranges for house sales in the Illawarra during the 2016 financial year vary for the different Local Government Authorities. The highest volume of house sales in the Wollongong LGA was 420 sales in the $600,000 to $700,000 range. One example would be a three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wollongong-122458686" target="_blank">96 Rowland Avenue</a> (pictured above) that was recently sold for $620,000.
The most house sales in the Shellharbour LGA was between $400,000 and $500,000 with 292 sales.
Kiama’s LGA has the highest range with 68 sales in the $700,000 to $800,000 range while the Shoalhaven LGA has the lowest with 756 house sales between $300,000 and $400,000.
Affordability and availability is the key to the most favoured price points. When a property is deemed affordable it has the broadest market including first home buyers and mum and dad investors. The more common types of property will also become available to the market more often, leading to higher volumes.
The least amount of activity in the Illawarra is, not surprisingly, the prestige market. While this market has been relatively strong over the past three years, there is still a limited amount of activity, mainly due to a limited amount of supply of this property type to the market.
Prestige properties in the Wollongong, Shellharbour and Kiama LGAs tend to be in the $2 million plus price bracket while this drops to $1.5 million in the Shoalhaven LGA and is limited to beach front or large acreage style properties.
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Illawarra property market strength continues to shine: HTW

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Over 2016, the residential property market in Newcastle and the Hunter has exhibited mixed performance throughout the different areas of Newcastle, Hunter, the Upper Hunter and Port Stephens, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that these locations are in substantially different stages of the property cycle, which could be described as two speed.
Upsizers are the dominant force in the marker, this being the 30 to 40 year age group with not enough room in the current home to accommodate new additions to the family.
The report said Singleton is still experiencing declining prices with little to no positive change expected in the near future.
"There are very little to no investors prepared to lose money, nor could they easily obtain finance if they wanted to," the report said.
Agents have commented that purchasing in the area is limited to a needs only basis with their vendors accepting losses.
Purchasers are upsizing at a discounted price point due to the oversupply of property within the market. The price point for a typical four bedroom, two bathroom home ranges between $400,000 and $500,000. An example would be a four bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-singleton-123245166" target="_blank">19 Benjamin Circuit</a> (pictured above) that is for sale for $459,700. It came on for sale in August at $480,000.
Suburbs surrounding Maitland, including Chisholm, Thornton, Gillieston Heights and Clifftleigh, are experiencing a substantial increase of new residential housing development. This market is seeing a combination of investors competing with first home buyers who can still obtain their grants for newly built residences.
On average a typical newly built four bedroom, two bathroom property would be within a price point of between $500,000 and $600,000.
Herron Todd White notes that Port Stephens leans more towards a specific investor profile.
"Port Stephens, with higher rates of investors and holiday accommodation, is also experiencing high demand for land for new residential development. Agents have stated that purchasers are looking for properties that can be knocked down due to the limited amount of new land available."
The price point which is most favoured within the Newcastle patch is the 30 to 40 age group of second home buyers and upsizers. This demographic is purchasing their next home within the price point of approximately $500,000 to $700,000 which will purchase the extra bedroom and second bathroom within the desirable 20 minutes of the Newcastle CBD.
Specifically it is the well performing suburbs of Hamilton, Mayfield, Lambton, Adamstown and Charlestown where capital growth for 2016 is between 5.3% and 10.5%.
There is a combination of factors as to why this price point and demographic is the most active, which also goes hand in hand with why the Newcastle property market is at peak levels. Investors are continuing to experience difficulty entering the market due to lending restrictions, even though there is confidence in property growth.
First home buyers are having very little success securing a property as the lower end of the market is also in high demand from the same 30 to 40 years age group of buyers who have the skills and experience to extend and renovate.
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Mixed price performances in Hunter, with Singleton still in decline: HTW

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This year has been a strong period for the ACT property market with most Canberra suburbs recording a median price growth, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that active sections of the market include standard housing at the entry level price points in some Canberra fringe and outer suburban locations.
Generally purchasers are looking for large blocks within established suburbs that provide access to good education and employment services.
Entry level price point for this style of housing ranges between $450,000 and $550,000. Most homes within this section of the market provide three and four bedroom accommodation, generally built circa 1975 and in many cases are ready for some renovation and upgrading. An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-queanbeyan-122913366" target="_blank">34 Brereton Street</a> (pictured above) that is for sale for $549,000.
Inner suburban locations in Canberra’s north and south set a higher price point at generally $1 million plus. This section of the market is also relatively buoyant with families looking to move up the property ladder with their second or third purchases.
Again block size, location and proximity to schools and other services are the main drivers. This section of the market ranges from $1 million to around $2.5 million. Market activity for property in the $3 million plus price point is slower, although transactions have still been recorded at the higher levels throughout 2016.
Herron Todd White noted that property prices in medium density areas is impacted by strong supplies.
"Price points in the medium density market range from $250,000 to $300,00 for a one bedroom unit recently constructed in a fringe Town Centre location, to $400,000 to $500,000 for a centrally located unit in Canberra’s inner north or inner south," said the report. "Both investors and owner occupiers are active, however strong supply within the medium density market has had an impact on activity."
With similar results expected for next year, this year’s hottest suburbs include entry level areas on the fringe of the ACT right through to prestige suburbs in Canberra’s inner south.
Domain senior economist Andrew Wilson says that pinpointing the strongest suburbs is trickier in Canberra than it is in other cities.
The nation’s capital is home to a compressed market, with a higher entry point in affordable suburbs and a lower entry point in prestige suburbs, when compared to Sydney and Melbourne, Dr Wilson says.
“When the market rises, it rises as a whole. Most suburbs will record price growth in 2016.”
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Property market in Canberra strong with suburbs recording median price growth: HTW

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Glen Waverley has experienced a considerable slowdown in comparison to this same time 12 months ago, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that this was expected as rapid growth rates were not sustainable and the change in foreign investment rules reduced the number of competing buyers in the market.
"Although those properties located within prestigious school zones are still achieving high market sale prices due to modest competition between local and overseas buyers, it is those secondary properties located outside the school zones which tend to be the slowest," the report noted.
Within Wantirna South, the most favoured price point tends to be between $750,000 and $950,000. For this, buyers can expect to purchase a partially renovated or updated three to four bedroom, two bathroom house on a 600 to 800 square metre block of land. There's also three bedroom house and land package at <a href="https://www.realestate.com.au/property-house-vic-wantirna+south-123796566?listingType=buy" target="_blank">Lot 334 Harcrest Boulevard </a>(pictured above) that is for sale for $758,930.
This particular price point tends to be favoured by more established families and investors, both groups with a heavy Asian influence. Many buyers are attracted to the area because of the high performing schools and proximity to local amenities.
The report noted that outer east suburbs such as Healesville, Upwey and Tecoma tend to be favoured by young families and first time buyers due to the more prominent sale prices of between $500,000 and $550,000.
Herron Todd White noted that these kinds of properties, although large, tend to be in need of renovations due to their old original condition.
"These properties, although generally quite large, tend to be in their original condition and in need of updating," the report said. "Interestingly however, weatherboard properties tend to fetch a premium in comparison to their brick veneer counterparts, with purchasers favouring this style."
Herron Todd White observed that properties in Croydon that are up to five years old are preferred by buyers.
"With the increasing number of subdivisions occurring or which have occurred within recent years, properties in Croydon which are either new or up to five years old tend to be preferred by purchasers. Similar to other suburbs, families are the predominant purchasers, however retirees looking for a home which requires minimal maintenance and upkeep are also favouring these new units.
"Furthermore the suburb is considered as more leafy than its neighbours which again suits both sets of purchasers."
The price point in Croydon most favoured tends to be between $650,000 and $720,000 and for this buyers can expect to secure a three bedroom, two bathroom townhouse with approximately 150 square metres of living.
In contrast the $1 million to $1.2 million range is perhaps the slowest. The number of properties in Croydon which sit within this price range is limited and those which do come onto the market can take some time to sell, the report said.
HTW suggested buyers of such properties tend to be local residents looking to upgrade to a larger home, however, similar to the outer eastern suburbs, at this price point weatherboards are favoured and tend to sell much faster.
The $1 million plus price seems to be the key pulling factor preventing more sales from proceeding. Purchasers at this price range also have neighbouring suburbs such as Ringwood and Ringwood East to consider, both of which are closer to the Melbourne CBD and benefit from their proximity to newly refurbished local amenities.
Relatively affordable homes (roughly $400,000) in the newer estates in Melbourne's south east are in hot demand.
"This demand typically comes from first home buyers, investors and downsizers," the report said.
"For this price, a new or recently built three or four bedroom home can be purchased depending on the quality of finish.
"Many agents are reporting that their biggest problem at the moment is finding new listings.
"Once they have the listing, the house practically sells itself. According to one agent in Officer, an existing home recently sold within three hours of it being listed on the market."
HTW noted there are still rural lifestyle properties located in parts of Officer that haven’t been overtaken by new estates and some of these sales fetch over $1 million.
However these properties are not in high demand and take far longer to sell.
Buyers in this market commonly represent older couples and families looking for a location further from the city.
Herron Todd White advised that properties the lifestyle market was slow by contrast: "Representing not necessarily a dead market, but a market not as active as that mentioned earlier. It can be assumed that this is a result of the higher price point and a product that’s not in as much demand as those in the estates."
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Glen Waverley in considerable slowdown: HTW

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Investors in Morwell can pick up a miner’s cottage in the vicinity of $130,000 and rent for around $210 per week reflecting an 8 percent yield, according to Herron Todd White's latest monthly market report.
Miners cottages are very common throughout Morwell, Moe and parts of Traralgon. These are generic 3-bedroom, 1-bathroom, timber weatherboard dwellings which seem to be popular with investors.
There is such <a href="https://www.realestate.com.au/property-house-vic-morwell-123584550">an offering at $129,000</a> currently.
The property advisory firm says that Gippsland has the option of the brick veneer, described as an iconic family home and generally structurally sound, but built in the good old days with hardwood frames and flooring.
Entry level at the median price of around $270,000 for the regional city of Sale would likely see a 3-bedroom brick veneer in original or dated condition.
A renovated California Bungalow in a central location will likely fetch around $500,000.
Classic styles for the Gippsland region include 1970s to 1980s brick veneer or in older areas of towns, circa 1930s California Bungalows.
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Gippsland offers 8 percent Morwell investor weatherboards: HTW

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There are currently bargains across all price points at Emerald in Queensland, according to Herron Todd White.
They are from the basic neat home built in the 1980s around $140,000 through to executive homes built in the 1990s selling at around $250,000 up to acreage selling in the range of $400,000 to $550,000.
The acreage had held firm the longest but in the past 12 months we have seen it come back significantly in line with the fall in single dwelling properties in town, the valuation firm advised this month.
"The market is currently in a position where you can get much more with a lot less money than you could four years ago.
"If you’re a first home buyer or have a deposit and ready to go, now is the cheapest time to buy in the past 11 years," it suggested.
Emerald has gone through four major building and construction booms over the past fifty years.
There was a major construction phase in the 1960s to 1970s of railway homes, housing commission and blue collar workers’ accommodation.
"These are now selling near the bottom of the market in the $120,000 to $160,000 range," according to Herron Todd White's latest monthly market report. 
The property advisory firm says that then there was the opening up of many coal mines in the Bowen Basin region in the late 1970s when mining companies built many homes in town from 1978 to 1994 of very similar design and style. 
These are now selling mostly in the $160,000 to $220,000 range.
"We then saw a large expansion of the town by private developers and our own council in the 1990s with many owner-occupier and custom built homes of the highest quality the town had ever seen.
"These were your large executive style homes along with a great expansion in the rural residential market.
"This created some prestige estates which still hold a premium today. 
"Then we saw the last boom from 2004 to 2012 which was the largest the town had experienced with many single dwellings and unit complexes being constructed.
"Some of these large, modern homes under ten years of age with pool, shed and located in good estates are holding at the top of the market in a range of $450,000 to $550,000, back from the peak of $700,000." 
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Queensland's Emerald offers residential bargains: HTW

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Any local will tell you that Gladstone has always been a boom and bust town, according to Herron Todd White.
Investment in the town soars when a new project begins as demonstrated over the past 50 years, the valuation firm advised.
"This is always followed by a bust during which the town re-gathers itself and gets back to normal.
"Presently we are in the fourth year of Gladstone’s latest downward cycle.
"Established housing has declined as much as 50% and units as much as 80% from values achieved in the peak of the market."
It advised in its September report the vacancy rate peaked in the first quarter of 2016 at just over 10% and has been steadily falling since.
"It may indicate we have seen the worst of this bust.
"Only time will tell," HTW advised.
The traditional property types in Gladstone have all been established on the back of major booms in the industrial sector, according to Herron Todd White's latest monthly market indicator.
The property advisory firm says that prior to the 1960s Gladstone remained a relatively small port city serving the local cattle industry.
In 1963 Queensland Alumina Refinery (QAL) was announced, beginning over a decade long boom during which Gladstone’s population doubled.
The first, second and third stages of the refinery were built along with the first stage of the Gladstone Power Station.
Most of Gladstone’s central suburbs including South and West Gladstone and Barney Point were well established.
Homes in these suburbs are popular in today’s market given their close proximity to the CBD and the varying views available from the low and high set style homes. These suburbs also offer good opportunities to renovate older style homes in central locations.
The entry level price point for homes in West Gladstone and South Gladstone is around $200,000 in the current market.
The early 1980s saw the next wave of industrial development with the commencement of the Boyne Aluminium Smelter. Much of the established parts of Boyne Island and adjoining Tannum Sands were developed during this time. Construction ranged between on ground and high set homes.
Price points for this style of housing in Boyne Island and Tannum Sands ranges between $300,000 and $350,000 in the current market. Gladstone suburbs such as Kin Kora, Sun Valley and parts of Clinton and New Auckland were also established during this time. Kin Kora and Sun Valley comprise mostly high set homes and are popular well established suburbs in today’s market. Prices in these suburbs range typically between $250,000 and $350,000.
In the 1990s the coal industry boomed giving Gladstone another boom in property prices and demand. New housing estates in Clinton, New Auckland, Glen Eden and Telina were developed comprising mostly 3-bedroom on ground brick houses. New Auckland and Clinton were further established in the early 2000s when Rio Tinto announced the Yarwun Alumina Refinery was to proceed.
The most recent construction boom (2010 to 2012) commenced when construction started on three LNG plants being built on Curtis Island off the coast of Gladstone.
This boom saw fringe suburbs including Glen Eden, New Auckland and Kirkwood being extensively developed with modern housing.
It noted a transformation also occurred in Gladstone City with multiple high rise apartment buildings going up in the CBD and extensive townhouse developments taking place in the suburbs. Over 1,000 units have been built in the past five years alone.
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