<p data-end="256" data-start="0"><a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.</p>

<p data-end="446" data-start="258">The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.</p>

<p data-end="645" data-is-last-node="" data-is-only-node="" data-start="448">Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.</p>

<p><img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" /></p>

<p>Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.</p>

<p>The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.</p>

<p>The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”</p>

<p data-end="626" data-start="350">Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.</p>

<p data-end="928" data-start="628">“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”</p>

<p data-end="1147" data-start="930">Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.</p>

<p data-end="1510" data-start="1149">“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”</p>

<p data-end="1510" data-start="1149"><img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" /></p>

<p>&nbsp;</p>

<p>The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.</p>

<p>Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.</p>

<p>The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.</p>

<p>The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.</p>

<section data-scroll-anchor="false" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-1" dir="auto">
<p data-end="305" data-is-last-node="" data-is-only-node="" data-start="0">The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.</p>
</section>


Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

<p style="text-align:start">The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;</p>

<p>The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.</p>

<p>The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.</p>

<p>Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.</p>

<p>The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.</p>

<p>As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.</p>

<p><img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" /></p>

<p>The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.</p>

<p>An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;</p>

<p>The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.</p>

<p>The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;</p>

<p>It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.</p>

<p>Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.</p>

<p>“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.</p>

<p>“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;</p>

<p>Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.</p>

<p>“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.</p>

<p>“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”</p>


Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

<p>Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.</p>

<p>A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.</p>

<p>Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.</p>

<p>“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.</p>

<p>Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.</p>

<p>“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.</p>

<p>The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.</p>

<p>It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.</p>

<p>The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.</p>

<p>One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.</p>

<p>Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.</p>

<p>The developer is also exploring the potential for additional affordable housing outcomes.</p>

<p>Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.</p>

<p>Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.</p>

<p>Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.</p>

<p>“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”</p>

<p>Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.</p>

<p>Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.</p>

<p>Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.</p>


400 new homes planned for Adelaide's former West End Brewery site

<p>Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.</p>

<p>The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.</p>

<p>Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" /></p>

<p>“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.</p>

<p>The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”</p>

<p>The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" /></p>

<p>The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.</p>

<p>According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.</p>

<p>“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.</p>

<p>A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.</p>

<p>Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" /></p>

<p>All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.</p>

<p>The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.</p>


Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

<p>Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.</p>

<p>The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.</p>

<p>Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.</p>

<p><img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" /></p>

<p>Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.</p>

<p>The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.</p>

<p>"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.</p>

<p>The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.</p>

<p>The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.</p>

<p><img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" /></p>

<p>Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.</p>

<p>Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.</p>


First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

<html><body><div class="page" title="Page 51">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>The Perth median house price fell slightly in the June 2020 quarter, according to the latest Herron Todd White (HTW) residential report. </p>
<p>The valuation firm presented an 'investor playbook' of real estate performance within each service area this month. </p>
<p><span>The Western Australian government has maintained that strong border restrictions will continue as long as required, amid news that phase five of the state’s easing of COVID-19 restrictions has been delayed until 1 August. </span></p>
<p><span>The state’s Police Commissioner has also suggested stopping all planes from Victoria from entering the state in order to reduce the risk of new cases. </span></p>
<p><span>On 19 July, the Western Derby was due to host a sell-out crowd of 60,000 at Optus Stadium, however as phase 5 was postponed, there was a limit of 30,000 in attendance as a precaution.</span></p>
<p><span> As of 13 July, the state had 22 active cases, all of which were in hotel quarantine. Western Australia also had 604 people out of the total 635 confirmed cases fully recover from the virus.</span></p>
<p><span>The Real Estate Institute of Western Australia (REIWA) confirmed that June recorded the highest amount of sales recorded in a month in Perth<br>since 2015, with transactions increasing 55.1 per cent compared to May and also 45 per cent higher compared to June 2019. </span></p>
<p><span>This was supported mainly by the 289 per cent increase in land sales for the month with 1471 sales recorded, as competition for land increased in line with government incentives. </span></p>
<p><span>Over the first week of July, sales activity within Perth increased by 35 per cent from the previous week, with a reported 1318 transactions recorded during that period. These figures are vastly different to figures recorded at the end of March, which recorded just 426 transactions, the report noted. </span></p>
<p><span>The Perth median house price fell slightly in the June 2020 quarter to $475,000, compared to </span>the $479,000 price recorded over the March quarter.</p>
<p>The Perth median house price for the June 2019 quarter was $489,000. There were 10,407 properties listed for sale at the end of the first week of July, which was a 17 per cent decrease from listed stock at the end of March and a 29 per cent fall in listed stock from the same period last year.</p>
<div class="page" title="Page 51">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>REIWA reported that there were currently 3963 properties available for rent at the end of the first week of July, which was a 27 per cent decrease from the end of March and 47 per cent decline from the same period in July last year. </span></p>
<p><span>"Perth’s median rental price for June was listed at $350 per week which was a seven per cent decrease from the March 2020 quarter and a three per cent fall from the same time last year, which indicates that rents within the state have remained stable throughout the COVID-19 pandemic with declining vacancy rates and the ban on increasing rents for established properties still being active," the valuation firm said. </span></p>
<p><span>The vacancy rate in Greater Perth has fallen to a mere 2.2 per cent with REIWA President Damian Collins expecting further decreases due to plummeting rental listings. </span></p>
<p><span>The vacancy rate has been in steady decline since early in 2017 when it peaked at just above seven per cent. Western Australia hasn’t seen vacancy rates sub-two per cent since the end of the mining boom in 2012 and 2013, the report noted. </span></p>
<div class="page" title="Page 51">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"In general, residential investment around Perth has been minimal over the past year, with specific property types and locations seeing small bursts of activity, however this doesn’t mean that investment isn’t viable," the valuation firm said. </span></p>
<p><span>In fact, there are plenty of opportunities for a variety of reasons. An example of this is older units in sought after locations. </span></p>
<p><span>Suburbs such as Maylands and Wembley can offer good yields for the entry-level investor.</span></p>
<p><span>Maylands is situated four kilometres north-east of the Perth CBD. REIWA reports the unit median at $290,000 for the March 2020 quarter, falling eight per cent since the year previous. </span></p>
<p><span>The capital growth prospects aren’t great for most 1960’s to 1980’s apartments and flats, however for entry- level product in the low $100,000s, yields can be impressive.</span></p>
</div>
</div>
<div class="page" title="Page 52">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A 44 square metre, 1970’s unit on Caledonian Avenue is situated close to shops and Maylands train station, with great access to Guilford Road.<br></span></p>
<p><span>It sold in December 2019 for $110,000 after 10 days on the market. </span></p>
<p><span>The property comprises one bedroom, one bathroom and is situated on the top floor of a 52 unit walk-up complex.</span></p>
<p><span> It was recently listed for rent at $200 per week, showing a notional gross yield of 9.5 per cent.</span></p>
</div>
</div>
</div>
</div>
</div>
<div class="section">
<div class="page" title="Page 52">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>For comparison, a 2020 built unit with 48 square metres of living area comprises one bedroom and one bathroom situated on the first floor of a 123 unit complex.</span></p>
<p><span> It sold in February 2020 for $320,000 and has recently been listed for rent at $340 per week, showing a notional yield of 5.5 per cent.</span></p>
<p> </p>
<p><span>Prospects for capital growth in this newly built unit are unfortunately similar to the 1970’s unit on Caledonian Avenue as chronic oversupply of both new and old apartments hinders opportunity for capital gains, however both units have appeal – one for gross return and the other for depreciation benefits.</span></p>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="page" title="Page 52">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>A circa 1977 built unit at <a href="https://www.realestate.com.au/sold/property-apartment-wa-wembley-131045714" target="_blank">18G/47 Herdman Parade, Wembley</a> (pictured below) sold for $180,000 in May 2019.</p>
<p><span>it comprises two bedrooms, one bathroom and one car space with 50 square metres of living area. </span></p>
<p><span>It was listed for rent in June 2020 for $250 showing a notional yield of 7.2 per cent.</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/10/wembley.jpg" alt=""></span></p>
<p><span>"Switching to a different type of profile, wealthy upgrade buyers have been spotting potential in good locations close to the CBD," the valuation firm said. <br></span></p>
<p><span>Suburbs such as Cottesloe and South Perth present opportunity for prudent home-searchers who have the equity to hold two mortgages temporarily. </span></p>
<p><span>They choose their preferred location, wait for the right property to come to market, make the purchase and then rent it out until the ideal time to renovate or redevelop.</span></p>
<div class="page" title="Page 52">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>A property was purchased back in late 2016 for $3.6 million.</p>
<p><span>The circa 1962 dwelling comprises four bedrooms, two bathrooms and a double garage on a 911 square metre allotment. </span></p>
<p><span>The property is well located and captures views of South Cottesloe Beach and the Indian Ocean, the report noted. </span></p>
<p><span>The purchasers rented it out almost immediately and with its R20 zoning, the property has subdivision potential for two lots or would be a prime candidate for a high-spec new development.</span></p>
<div class="page" title="Page 53">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A Griver Street property sold in April 2016 for $1.9 million after a 24 day marketing campaign. </span></p>
<p><span>The circa 1960 dwelling comprises three bedrooms, two bathrooms and a double carport on a 969 square metre allotment.</span></p>
<p><span> The property has been subject to a lease since purchase at $600 per week and could benefit from a little TLC, so a renovation could bring it back to its former glory, however it’s ripe for redevelopment with a luxury residence.</span></p>
<p><span>"On the outskirts of Perth, investment activity has been reasonably subdued," the valuation firm said. </span></p>
<p><span>The Coronavirus pandemic has unsettled many potential investors and consumer sentiment has fallen off a cliff, decreasing from 93.7 points to 87.9 points in the Westpac-Melbourne Institute Index of Consumer Sentiment between June and July.</span></p>
<p><span>"This being said, the difference from state to state could be fairly dramatic and with Western Australia’s current climate of affordability, it is still an attractive time to buy if you can find the right property at the right price," the valuation firm said. </span></p>
<div class="page" title="Page 53">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Yields in oversupplied areas such as Baldivis, Ellenbrook and Byford are reasonable, but not amazing, the report noted. </span></p>
<p><span> The Greater Perth average yield for the March 2020 quarter was 4.1 per cent for houses, and 4.7 per cent for units. </span></p>
<p><span>A property at Songlark Court, Baldivis sold for $425,000 in 2016 and was recently listed for rent at $370 per week showing a notional yield of 4.5 per cent, however values in Baldivis have fallen an average of 16 per cent since the last sale and with oversupply still prevalent and building incentives rampant, there isn’t much opportunity for capital gains.</span></p>
<div class="page" title="Page 53">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>A property at <a href="https://www.realestate.com.au/sold/property-house-wa-byford-131403514" target="_blank">10 Bunya Green, Byford</a> (pictured below)  sold for $365,000 in February 2020.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/10/byford.jpg" alt=""></p>
<p> </p>
<p><span>The circa 2004 dwelling comprises four bedrooms, two bathrooms and a double garage with 155 square metres of living area on a 450 square metre allotment.</span></p>
<p><span> It was advertised for rent in June at $350 per week showing a notional yield of five per cent.</span></p>
<p><span>Where returns do start to improve is in regional Western Australia, the </span>report suggested. </p>
<p><span>Areas such as Kalgoorlie- Boulder, Port Hedland and Karratha can see yields anywhere between five and 15 per cent and beyond.</span></p>
<p><span>"Our valuers are reporting that the Kalgoorlie market has been strong throughout 2020. Stock levels are the lowest they have been in a long time and there is plenty of demand. </span></p>
<p><span>"This hasn’t yet resulted in price increases or any influx of investors, however vacancy rates are on par with or even lower than in Perth and this rental demand could be enticing to bring investors back to the market," the valuation firm said. </span></p>
<p><span> The majority of sales that our valuers are seeing have been well-presented, green-title dwellings for owner-occupiers.</span></p>
<div class="page" title="Page 54">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A duplex unit at Morley Way, South Kalgoorlie sold for $200,000 in September 2018 after a very lengthy marketing campaign. </span></p>
<p><span>The property was originally advertised in September 2014 for $289,000. </span></p>
<p><span>The price was reduced multiple times however the campaign was abandoned in January 2017 after 859 days on market.</span></p>
<p><span> It was then relisted in July 2017 and took another 435 days to finally sell. </span></p>
<p><span>The property comprises three bedrooms, one bathroom and single carport with 77 square metres of living area. </span></p>
<p><span>The unit was listed for rent in June 2020 for $320 per week, showing a notional yield of 8.3 per cent.</span></p>
<p><span>"Moving up to the Pilbarra, Karratha has been experiencing seemingly exponential growth over the past two years," the valuation firm said. </span></p>
<p><span>Owner-occupiers and investors have stuck their hands in the honeypot and most have come off with strong returns. </span></p>
<p><span>The median house price in Karratha increased five per cent over the March 2020 quarter to $420,000, increasing 23.5 per cent since 2019. </span></p>
<p><span>The unit median has skyrocketed by 46.2 per cent over the past year, settling at $193,750 for the March quarter. </span></p>
<p><span>The median dwelling rent decreased slightly over the March quarter to $550, however it has grown by 29.4 per cent year-on-year.</span></p>
<div class="page" title="Page 54">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A circa 2014-built unit was sold in 2019 for $192,000 after a single day on the market. </span></p>
<p><span>The Pegs Creek property comprises two bedrooms, one bathroom and a single undercover car space with 51 square metres of living area.</span></p>
<p><span> It has been listed for rent at $480 per week for a notional yield of 13 per cent.</span></p>
<div class="page" title="Page 54">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A green-title Baynton property was sold for $365,000 in 2018 after 110 days on the market. </span></p>
<p><span>The circa 2005 dwelling comprises four bedrooms, two bathrooms and a double garage on a 642 square metre allotment. </span></p>
<p><span>The property was listed for rent at $1000 per week showing a notional yield of 14.3 per cent – quite the return!</span></p>
<p><span>South Hedland has been showing consistent returns of between 10 and 15 per cent in 2020. </span></p>
<p><span>A Sturt Place property sold for $190,000 in May 2020. </span></p>
<p><span>The circa 1975 dwelling comprises four bedrooms, one bathroom and a double carport on a 519 square metre allotment.</span></p>
<p><span> It was listed for rent in July for $500 per week showing a notional yield of 13.7 per cent.</span></p>
<div class="page" title="Page 55">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Another property sold for $370,000 in April 2020 after two days on the market. </span></p>
<p><span>The circa 1997 dwelling comprises four bedrooms, two bathrooms with a double carport on a 701 square metre allotment. </span></p>
<p><span>The property also has a pool and a shed which has been converted to a one bedroom, one-bathroom granny flat. </span></p>
<p><span>It has recently been advertised for rent at $800 per week showing a notional yield of 11.2 per cent.</span></p>
<p><span>"Travelling to the southern side of Western Australia, the South-West region has been inundated with short-stay accommodation demand as border restrictions have prevented any interstate or overseas travel," the valuation firm said. </span></p>
<p><span>This has been bolstered by the recent school holidays as flocks of residents from Perth and wider parts of the state head south for a holiday. </span></p>
<p><span>This has played into the investor market as there has been a lot of building activity within the Margaret River region from principal homeowners constructing a studio or ancillary accommodation to rent on an AirBnB basis.</span></p>
<p><span> Homeowners have </span>been investing in their principal residence and the renovation stimulus is helping that.</p>
<p><span>"Overall though, there hasn’t been an overabundance of investors in the South-West recently. </span>The tightening of credit surrounding investors did slow down that segment of the market in the lead up to COVID-19 and there has been no real change in the purchaser profile since the pandemic hit.</p>
<p><span>"There doesn’t seem to be a fear of the second wave at the moment as market activity remains strong amongst owner-occupiers. Hopefully our Coronavirus statistics remain low, as we have seen it can all change in a matter of days." </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Perth rental market remains stable: HTW residential 

<html><body>
<p>Residential dwellings in Melbourne's outer south-eastern suburbs such as Officer, Clyde and Berwick fall within the $700,000 budget, according to the July Herron Todd White (HTW) residential report. </p>
<div title="Page 36">
<div>
<div>
<div>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. </p>
<p>The report notes these suburbs offer plenty of choices for those looking to buy as there are many newer estates in these areas.</p>
<p>A brand- new house and land package can range from $500,000 to $650,000.</p>
<p>Latest figures show that the median house prices for Officer, Clyde and Berwick are $557,000, $566,500 and $687,000 and depending on the size, location and specifications, can generate rental yields of 4.5 per cent, 3.71 per cent and 3.1 per cent respectively.</p>
<p>A four bedroom house in Berwick has recently been sold for $640,000.</p>
<p>Positioned on a 618sqm block, the family home at <a href="https://www.realestate.com.au/sold/property-house-vic-berwick-133901110" target="_blank">21 Shaftsbury Avenue</a> (pictured below) features two living areas, two bathrooms, and large pergola area. </p>
<p>It is situated within walking distance to parks, public transport and shops. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/10/berwick.jpg" alt=""></p>
<p>"The recent crisis has rocked buyers’ confidence, with many facing issues of job security," the valuation firm said. </p>
<p>The government has since introduced a new Home Builder Scheme for those looking to either build a new home or renovate, as homeowners will be given a $25,000 incentive which has been designed to boost the construction industry as it recovers from the effects of COVID-19.</p>
</div>
<div>
<p>House and land packages in these urban growth zones are attractive to first home buyers and young families as they allow flexibility in designing homes to cater to their individual needs, the report noted. </p>
<p>"In more established areas such as Cheltenham, Oakleigh and Mentone, housing prices start from $960,000 for houses and $600,000 for units," the valuation firm said. </p>
<p>These areas in the south-east generally yield high sales and rental prices as they are among the most sought after suburbs to live in as they are generally close to public transport, major shopping centres and the CBD.</p>
<p>A current listing is a three bedroom apartment in Cheltenham with sea views. </p>
<p>The modern apartment at 609/6 Railway Road (pictured below) has been listed for sale with a price guide of $680,000.</p>
<p>It comprises three bedroom, two bathrooms, open plan kitchen and living room area. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/10/cheltenham.jpg" alt=""></p>
</div>
</div>
</div>
</div>
</body></html>

What $700,000 can buy in southeastern Melbourne: HTW residential 

<html><body>
<p>The Mid North Coast continues to ride out the COVID-19 pandemic well from both a residential property and a health perspective, according to the July Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. </p>
<div class="page" title="Page 33">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"From a property standpoint, median price levels have remained steady over the past few months while stock levels are down dramatically," the valuation firm said. </span></p>
<p><span>The reduction in stock levels is mainly due to potential vendors holding off listing until full confidence returns </span>to the market.</p>
<p>Agents advise that appraisal numbers are high but are not yet flowing through to listings.</p>
<p>"The reduction in listings has meant that there are fewer properties for potential purchasers to choose from which we believe is one reason prices have held steady over this period. We anticipate that listing numbers will grow over the next few months as confidence returns and more investors re-enter the market.</p>
<p>"Some investors have been staying out of the market due to a lack of confidence and owner- occupiers are the mainstay at the moment, but with current interest rates so attractive, we believe investors will return as confidence returns," the valuation firm said. </p>
</div>
<div class="column">
<p><span>"On the rental side we have seen a dramatic reduction in listings over the past few weeks as restrictions relax and interstate travel returns and many investors return their properties to short term accommodation stock, rather than retain them as longer term rentals," the valuation firm said. </span></p>
<p><span>This will see vacancy rates returning to more normal long term levels after steep increases during the lockdown period as the reverse was happening, the report noted. </span></p>
<p><span>"We believe that the market along the Mid North Coast should recover well after this COVID-19 induced slow down and perform well in the back half of this year as more city dwellers see the appeal of our beautiful slice of paradise." </span></p>
<p><span>A four bedroom house in Port Macquarie has recently been sold for $625,000.</span></p>
<p>The family house at <a href="https://www.realestate.com.au/sold/property-house-nsw-port+macquarie-133749262" target="_blank">37 Kingston Town Loop</a> (pictured below) offers gourmet kitchen, media room, open plan living and dining and alfresco entertaining. </p>
<p><span>Set on a 602sqm of block, the home also comes with double garage, raised garden beds and fruit trees. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/port%20mq%201.jpg" alt=""></span></p>
<p><span>A current listing is a new two bedroom home in Bonny Hills priced at $319,000.</span></p>
<p>The <a href="https://www.realestate.com.au/property-house-nsw-bonny+hills-134112314" target="_blank">29/90 Seafront Circuit</a> home (pictured below) comprises open plan living, modern kitchen, and two carpeted bedrooms. </p>
<p><span>It is situated in just 200m from Rainbow Beach and a short walk to Bonny Hills Centre. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/bonny%20hills%20.jpg" alt=""></span></p>
</div>
</div>
</div>
</div>
</body></html>

Median price levels remain steady in NSW Mid North Coast: HTW residential  

<html><body><div class="page" title="Page 30">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Relaxing restrictions have seen the Clarence Valley return to a state of somewhat normality, according to the latest Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. </span></p>
<p><span> The report notes the initially stalled figures, including sales rates and rentals, we saw at the beginning of the pandemic now appear to be slightly increasing across the Valley.</span></p>
<p><span> Still somewhat driven by infrastructure improvements such as the new Pacific Highway, jail and other associated works, the Valley continues to have high demand for </span>rentals and stock coming on to the market around or below median sale prices.</p>
<p>"Although the Valley is still a long way off its pre-pandemic state and potentially all the effects have not yet been felt, and with prices remaining relatively low compared to nearby centres, there remains a widespread sense of stability and confidence," the valuation firm said. </p>
</div>
<div class="column">
<p><span>A $700,000 budget in Clarence Valley leaves you with a multitude of options whether you are chasing farmland, a residential allotment or a low maintenance unit, the report noted. </span></p>
<p><span>Very few sales surpass $700,000 in Grafton, Maclean, Townsend or Gulmarrad.</span></p>
<p><span>A </span>three bedroom house in Grafton has recently been sold for $360,000.</p>
<p>The <a href="https://www.realestate.com.au/sold/property-house-nsw-grafton-133222282" target="_blank">10 Bromley Street</a> home (pictured below) comprises separated living area, renovated kitchen, rumpus room and three bedrooms. </p>
<p>The timber home is located close to the river and within easy walking distance to shopping.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/28/grafton%202.jpg" alt=""></p>
<p> </p>
<p><span>As for Yamba, whilst $700,000 might assure you a freestanding dwelling, it will likely be lacking any view or amenity to the beaches.</span></p>
<p><span>A current listing is a freestanding riverfront townhouse in Yamba priced at $625,000.</span></p>
<p>The <a href="https://www.realestate.com.au/property-house-nsw-yamba-133967382" target="_blank">4/16 Yamba Road</a> home (pictured below) comprises four bedrooms, open plan living and dining areas, courtyard and double garage. </p>
<p><span>It also features covered balcony, timber staircase and timber flooring.</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/28/yamba%20.jpg" alt=""></span></p>
<p><span> While a small unit nearer to the beaches may be possible, they have been rarely presented for sale of late, the report added. </span></p>
<p><span>"In terms of return, Grafton has long been a solid rental performer with a steady demand for all rentals and this looks set to remain unchanged," the valuation firm said. </span></p>
<p><span> As for coastal locations, permanent rental returns are somewhat more conservative but still need not be ruled out.</span></p>
<p><span>As for the best performing investment for $700,000, if a dwelling or unit isn’t quite for you, there is also the option to build, the </span>report noted. </p>
<p><span>There are numerous rural vacant allotments for sale where one could buy land and establish a dwelling, or there are standard allotments where duplex construction is permissible.</span></p>
<p><span>"With some uncertainty around the immediate future, a $700,000 budget presents an array of options with most looking as secure as they did pre-pandemic over the medium to long term."</span></p>
</div>
</div>
</div>
</div></body></html>

What $700,000 can buy in Clarence Valley: HTW residential 

<html><body>
<p>Little has changed from 12 months ago in terms of what one can score with a lazy $700,000, however the mixture of product may have varied slightly, particularly in the more regional areas of the Richmond Valley and Kyogle Council areas, according to the latest Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<div class="page" title="Page 28">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>For example, consider the following:</span></p>
<p><span>◗ </span><span>Ten $70,000 (or less) steep timber vacant 40 hectare bush blocks in the rural localities of Drake or Tabulam; or</span></p>
<p><span>◗ </span><span>Five $125,000 to $135,000 standard vacant residential blocks in Casino or Kyogle. These would be relatively flat but may be slightly more than $125,000 individually, so a package deal of say five at the nice round figure of $130,000 each would be hard for a vendor to pass up in the current subdued market thanks to COVID-19.</span></p>
<p><span>◗ </span><span>Alternatively, secure a near new, four-bedroom, two- bathroom dwelling with a double garage for around $450,000 to $500,000 and throw in an original two-bedroom,one-bathroom brick unit with carport for circa $150,000 to $200,000.</span></p>
<p><span>"There are not too many residential properties within Casino or Kyogle township that would use up the whole $700,000 in one transaction, however those that do are typically found in the nearby rural residential estates and usually deliver the full quota of features including air-conditioning, good quality appointments, pool, established landscaping or a full renovation," the valuation firm said. </span></p>
<p><span>These rural residential properties are generally in close proximity to the town centres of Casino, Kyogle and Lismore City. Typically, such properties would comprise lots ranging in size from 4000 square metres to five hectares.</span></p>
<div class="page" title="Page 29">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Semi-remote rural localities with properties on lots from 40 hectares to even 100 hectares may be purchased for under $700,000 and still provide semi-modern homes with established ancillary improvements.</span></p>
<p><span> However, distance and maintenance of the land are factors that any potential purchaser must consider, the report noted. </span></p>
<p>A Kyogle house nestled below the Border Ranges National Park has recently been sold for $465,000.</p>
<p>The four bedroom, one bathroom home is located at <a href="https://www.realestate.com.au/sold/property-lifestyle-nsw-kyogle-700074310" target="_blank">1076 Green Pigeon Road, Green Pigeon</a> (pictured below).</p>
<p>It features open plan kitchen, dining and living room, rural views, and near 5ha of land. </p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/28/kyogle%201.jpg" alt=""></span></p>
<p><span>"Within Lismore City, the lazy $700,000 is somewhat more restricted in its purchasing power, however opportunities still abound," the valuation firm said. </span></p>
<p><span>Good quality level vacant residential lots are around the $250,000 to $285,000 mark in the new, developing residential estates... so buy two and possibly use the balance as a deposit for a house to be built on each of the lots, or maybe use the balance to purchase one of the steeper vacant blocks for around $125,000 to $135,000 (just keep in mind that your building costs will be significantly higher!), the report noted. </span></p>
<p><span>It is still possible to find two residential house properties for around $350,000 each, however they are likely to be located in a flood prone area, need some cosmetic attention or front a busy road.</span></p>
<p><span>There are a number of two-bedroom, one- bathroom, brick and tile residential units with single carports available within reasonable proximity to shopping and educational facilities in Lismore City which have an expected price range of $185,000 to $225,000 and attract a rent of around $250 to $275 per week.</span></p>
<p>A current listing is two bedroom, two bathroom unit situated at <a href="https://www.realestate.com.au/property-unit-nsw-lismore-133011578" target="_blank">1/116 Laurel Avenue, Lismore </a>(pictured below).</p>
<p><span>The 90sqm unit has been listed for sale with a price guide of $229,000.</span></p>
<p><span>It comes with two bedrooms, one bathroom, open plan living and single garage. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/28/lismore.jpg" alt=""></span></p>
<p><span>"Failing that, and if you so wish, $700,000 would go a long way to fully, or near fully, acquiring a brand new four or five-bedroom, two-bathroom, double garage residence in the modern residential </span>estates of Goonellabah or Lismore Heights (where most of the new build action is) with pool and established landscaping," the valuation firm said. </p>
<p>The rental assessments can vary widely depending on features, but expect something in the order of $550 per week.</p>
</div>
<div class="column">
<p><span>"At present, the market is still in the early stages of recovery from COVID-19, however there are encouraging signs with genuine enquiry improving (as real estate agents advise) and if you are one </span>of those in the fortunate position of ticking all the boxes for the lender as a first home buyer or investor?? Wow!</p>
<p>"When are you ever going to get a better chance to buy real estate at ridiculously low interest rates which are unlikely to rise for some time yet as the powers that be try to kick start the economy from out of the doldrums?" </p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

What $700,000 can buy in Lismore/Casino/Kyogle: HTW residential 

<html><body>
<p>With a budget of $700,000, the best opportunities in the southern Gold Coast region are in areas such as Miami or Burleigh Waters, according to the July Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<div class="page" title="Page 45">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"For your money, you could get a two- or three-bedroom duplex or townhouse in either of these suburbs," the valuation firm said.</span></p>
<p><span>Both these areas and properties offer a good opportunity to purchase a relatively good sized property at the entry level price for the suburb.</span></p>
<p><span>The report notes either an original three-bedroom or a renovated two-bedroom duplex or townhouse unit is achievable within the price bracket and can provide good investment returns.</span></p>
<p><span>The buyer profile for this area is generally couples purchasing their first investment or first property for renovation. </span></p>
<p><span>The rental returns in the current market have significantly dropped from talking to local property managers but they are all confident there will be a rebound in the next six months.</span></p>
<p><span>"If you were looking to purchase multiple properties or achieve a good return, any purchase close to Bond University will ensure strong rental returns and if you have $700,000 to spend, there are opportunities to purchase two one-bedroom units around Varsity for about $300,000 each with rental returns of between $375 and 450 per week," the valuation firm said. </span></p>
<p>A two bedroom, two bathroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-qld-burleigh+waters-133875574" target="_blank">2/2 Barbet Place, Burleigh Waters</a> has recently been sold for $450,000.</p>
<p><span>The home comes with open plan living, upgraded kitchen, separate laundry and single lock up garage. </span></p>
<p><span>It is situated within walking distance of beaches, local shops, schools and public transport. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/burleigh%20waters%20.jpg" alt=""></span></p>
<p> A two bedroom, two bathroom unit at<a href="https://www.realestate.com.au/property-unit-qld-miami-134148946" target="_blank"> 63/7 Redondo Avenue, Miami </a>(pictured below) has hit the market with a price of $449,000.</p>
<p>The unit comes with renovated bathrooms, fully equipped kitchen, and underground car park.</p>
<p>It is located within 100m to the beach. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/miami.jpg" alt=""></p>
<p><strong>Covid 19 update:</strong></p>
</div>
<div class="column">
<p><span>To date, the impact of the pandemic on the southern regions of the Gold Coast hasn’t translated into a downturn either in property sales or prices, the report noted. </span></p>
<p><span>House prices remain firm, however some properties are staying on the market a little longer, although still transacting within a three-month period, with some properties as short as a few days.</span></p>
<p><span>"The rental market has been negatively impacted with heavy discounts being provided for new </span>leases or pauses on current leases.</p>
<p>"This may see a downturn in future sale prices but this hasn’t been realised yet in sale prices currently being achieved," the valuation firm said. </p>
</div>
</div>
</div>
</div>
</body></html>

What a lazy $700,000 can buy in Southern Gold Coast: HTW residential 

<html><body><div class="page" title="Page 40">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Values within the Warrnambool market are yet to display any decline due to the impact of COVID-19, according to the July Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<p><span>The report notes confidence across the purchaser landscape remains solid; whether this remains the case in three months’ time is open for discussion.</span></p>
<p><span>"Demand in this price sector was considered to be on a slight upward trend pre-COVID-19 and we predict that trend to continue moving forward should the COVID-19 recovery come quickly and completely," the valuation firm said. </span></p>
<p><span>Premier central Warrnambool properties, particularly those with heritage stylings and some level of updated interior, are very much excluded from the $700,000 price range. </span></p>
<p><span>The buy-in for entry level property in this location starts at $750,000, the report noted. </span></p>
<p><span>"A great example of what you get at the premier entry level is 9 Victoria Street, Warrnambool, VIC, 3280 (pictured below)," the valuation firm said. </span></p>
<p>Three bedrooms, one bathroom, detached two-car garage on an 800 square metre allotment.</p>
<div class="page" title="Page 40">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Situated one block removed from city centre. Very basic level of fit-out with fantastic heritage features.</span></p>
<p><span> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/warrnambool%201.jpg" alt=""></span></p>
<div class="page" title="Page 41">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Moving ever so slightly away from the premier locations, potential buyers will start to see a number of options develop.</span></p>
<p><span>It’s here, still centrally located (within one kilometre of the CBD and beach) that buyers will find high quality townhouses, renovated heritage dwellings and properties with further development or value adding potential start to become available in the $600,000 to $700,000 range, the report noted. </span></p>
<p><span>For those with a vision and greasy elbows, look no further than 90 Skene Street, Warrnambool (pictured below).</span></p>
<div class="page" title="Page 41">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>A circa 1880 weatherboard dwelling requiring a whole lot of work situated on a 2,100 square metre allotment. </span></p>
<p><span>While the amount of renovation work required can’t be overstated, the dwelling does feature distant ocean glimpses through the Norfolk pines.</span></p>
<p><span> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/warrnambool%202.jpg" alt=""></span> </p>
<p><span>"There’s great potential for value adding with property such as this around Warrnambool," the valuation firm said. </span></p>
<p><span>The report notes buyers interested in something with a little more room to move can find larger sized property (4,000 plus square metres) in Warrnambool’s surrounding lifstyle areas. </span></p>
<p>5 Elizabeth Street, Allansford, VIC, 3277 (pictured below). </p>
<div class="page" title="Page 41">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Set on one acre, ten minutes from Warrnambool in the smaller satellite township of Allansford, this property features a standard quality, modern style brick dwelling of approximately 240 square metres. </span></p>
<p><span>Beyond the dwelling, the property is improved with a six bay workshop and large store shed.</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/allansford%202.jpg" alt=""> </span></p>
<p><span>"As mentioned above, if you had this kind of money to invest within the region’s property market, then you have the opportunity to purchase within most market segments, from a large, centrally located character dwelling to a rural living style property on the outskirts of town," the valuation firm said. </span></p>
<p><span>Properties within this price range are generally owner-occupied and we don’t see many of them offered for rent.</span></p>
<p><span>"Demand in this price sector has remained relatively steady over the past few years and we predict that it will continue to remain this way over the next 12 months.</span></p>
<p><span>"However, with the impact of COVID-19 on the property market still unclear, it is difficult to make any predictions with confidence." </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

What a lazy $700,000 can buy in Warrnambool: HTW residential 

<html><body>
<p>Within the Mount Gambier region, $700,000 will enable you to purchase practically anywhere, according to the July Herron Todd White (HTW) report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<div class="page" title="Page 39">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>The report started with the COVID update.</span></p>
<p><span>To date there are still no clear indications of the impact of COVID–19 on property values in the Mount Gambier region. </span></p>
<p><span>"Whilst the market has softened as a direct result of government enforced restrictions and general economic uncertainty, we are yet to see this reflected in any value correction.</span></p>
<p><span>"As restrictions begin to ease and some normality resumes, we remain positive that the impact will be limited, however are not naive to the fact that there will be ramifications within the property market," the valuation firm said. </span></p>
<p><span>"Now, where to spend a lazy $700,000", the report continued. </span></p>
<p><span>The report suggests few dwellings sell for more than $700,000 and demand for property tends to reduce significantly when the market value is greater than $700,000. </span></p>
<p><span>Within the past 12 months there have been a limited number of houses sold for $600,000 to $700,000. </span></p>
<p><span>Typically, up to $700,000 will allow you to purchase a character dwelling in a sought-after central location.</span></p>
<p>The sale at<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-126727478" target="_blank"> 22 Lansell Street</a> (pictured above) features a fully renovated character dwelling with high quality fit-out, three bedrooms, two bathrooms and a swimming pool.</p>
<div class="page" title="Page 40">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>On the outskirts of town, there have also been a few sales to come close to the $700,000 price range, the report noted. </span></p>
<p><span>These sales are generally on rural living style allotments and are good quality homes featuring one to three acres, four bedrooms, two bathrooms and good ancillary improvements.</span></p>
<p>A four bedroom, two bathroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-worrolong-132075426" target="_blank">21 Eldridge Drive, Worrolong</a> (pictured below) was sold for $610,000 in April.</p>
<p><span>Set on a 4,225sqm allotment, the home offers open plan living area, study, separate formal lounge, gourmet kitchen and alfresco area. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/worrolong.jpg" alt=""></span></p>
<div class="page" title="Page 40">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"While demand is limited for properties around the $700,000 range within Mount Gambier, there is greater demand for these properties in the popular coastal township of Robe," the valuation firm said. </span></p>
<p><span>The report suggests in Robe, $700,000 will allow you to purchase either a centrally located dwelling or a dwelling with ocean or lake views, such as the sale below.</span></p>
</div>
</div>
</div>
</div>
<p>A three bedroom, two bathroom waterfront house situated at <a href="https://www.realestate.com.au/sold/property-house-sa-robe-129832542" target="_blank">18 Woolundry Road, Robe</a> (pictured below) was sold for $720,000 last year. </p>
<p><span>The Cape-Cod style home comes with open plan kitchen/dining/living, chef's kitchen and lush garden. </span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/robe.jpg" alt=""></span></p>
</div>
</div>
</div>
</div>
<p><span> </span></p>
</div>
</div>
</div>
</div>
</body></html>

What a lazy $700,000 can buy in Mount Gambier: HTW residential 

<html><body>
<p>The Mildura local market continues to show some uncertainty with many agents still reporting reluctance by many vendors to put their homes on the market, according to the July Herron Todd White (HTW) residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<div class="page" title="Page 38">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"This is more evident in the higher value range due to concerns that buyers may not yet be willing to pay a substantial amount in this time of uncertainty. </span>Sales that are occurring indicate that values have held up well so far," the valuation firm said. </p>
<p><span>The report notes within the local market, $700,000 is still considered a higher value range property, however as the local market has increased steadily over recent times, this amount has started to become more common. </span></p>
<p><span>"$700,000 will purchase a large home located in an inner-city location in Mildura, or an above average standard dwelling in a modern subdivision on an allotment of up to 1,000 square metres. </span></p>
<p><span>"Within the inner city, it is possible at this price point to find an older, extensively renovated dwelling in a preferred location," the valuation firm said. </span></p>
<div class="page" title="Page 39">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>The report suggests a recent example is <a href="https://www.realestate.com.au/sold/property-house-vic-mildura-132272454" target="_blank">26 Walnut Avenue, Mildura </a>(pictured below), which sold in January 2020 for $680,000.</p>
<p><span> This property is in an inner-city location and includes an older home which has been recently renovated to a high standard and includes a pool.</span></p>
<p><span> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/mildura%201.jpg" alt=""></span></p>
<div class="page" title="Page 39">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>Surrounding Mildura are a number of well- regarded smaller towns such as Gol Gol, Nichols Point and Irymple, which include good quality homes on larger allotments ranging from 2,000 to 6,000 square metres. </span></p>
<p><span>For around $700,000 it is possible to find modern homes built within the last ten to 15 years which include good ancillary improvements such as sheds, pools and extensive landscaping, the report noted. </span></p>
<p><span>Buyers at this price point tend to prefer locations that are within a ten-minute drive of Mildura and which are connected to filtered town water.</span></p>
<p><span>The report suggests a recent example is 297 Irymple Avenue, Nichols Point (pictured below), which sold in December 2019 for $716,000.</span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="page" title="Page 39">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>This property comprises a 2,576 square metre allotment improved with a circa 2005 built brick home featuring a pool, large shed and significant landscaping.</span></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/nichols%20point.jpg" alt=""></p>
<p>These higher value homes are suited to owner- occupiers as investors chase higher rental returns at a lower price point. </p>
</div>
</div>
</div>
</div>
<div class="page" title="Page 39">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"For investors, our advice would be to purchase two smaller, but still modern dwellings for $350,000 each, three older dwellings in secondary locations for $200,000 each or even a large block of flats (however there are few such blocks of flats at this price point).</span></p>
<p><span>"All of these would provide a more attractive return, of around five to seven per cent as opposed to a high-quality single dwelling. Mildura’s vacancy rates are still very low, meaning that finding tenants is generally straightforward," the valuation firm said. </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

What a lazy $700,000 can buy in Mildura: HTW residential 

<html><body>
<p>Once a destination for weekend getaways, the Geelong area has been reimaged as an ideal lifestyle for families, according to the July HTW residential report. </p>
<p>The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.</p>
<p>Immersed in nature, but remaining in close proximity to the bright lights of the city, Geelong provides the answer for those seeking a solid investment or a place to call home, the report noted. </p>
<div class="page" title="Page 38">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"It’s well known by many that in Geelong you most certainly can get more bang for your buck when it comes to the property market," the valuation firm said. </span></p>
<p><span>With Geelong also now being a well-established city in itself, hosting 250,000 plus residents, it’s turning into one of the most sought after locations.</span></p>
<p><span>"$700,000 in Geelong can go a long way and can most definitely provide anyone looking within this range with a fantastic home for whatever they require," the valuation firm said.</span></p>
<p><span> Whether it be a large double storey family </span>home or a sleek and modern single storey home in a nice area, most would be able to find what they need within this price range.</p>
<div class="page" title="Page 38">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>The report noted an example of what is out there for around the $700,000 mark is below:</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/armstrong%20creek.jpg" alt=""></span></p>
<p>A five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-armstrong+creek-133180182" target="_blank">31-35 Sirrom Crescent, Armstrong Creek</a> (pictured above) has recently been sold for $765,000.</p>
<p><span>The contemporary home comes with five bedrooms, three living zones, triple garage, alfresco and backyard. </span></p>
<p><span>It is located just 10 minutes to Torquay and 15 minutes from the CBD. </span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

Htw

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Htw