<p>New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.</p>

<p>It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.</p>

<p>With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.</p>

<p>The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.</p>

<p>Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=372394]</p>

<p>Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.</p>

<p>"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.</p>

<p>"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=953]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.</p>

<p>Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.</p>

<p>That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=925]</p>

<p>Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.</p>

<p>Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.</p>

<p>"The Lennox is where aspirational living becomes attainable," Hamblett said.</p>

<p>"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."</p>

<p>Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.</p>

<p>"At The Lennox, lifestyle is not an afterthought, it is the foundation."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=5374]</p>

<p>The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.</p>

<p>Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.</p>

<p>That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.</p>

<p>"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."</p>

<p>[smartcode_project_cta:default project_id=5743]</p>


Joel Robinson

The apartment price gap drawing Sydney buyers west

<p>A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.</p>

<p>The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.</p>

<p>The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.</p>

<p>The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.</p>

<p>Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.</p>

<p>"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.</p>

<p>"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."</p>

<p><img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" /></p>

<p>Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.</p>

<p>Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.</p>

<p>Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.</p>

<p>"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.</p>

<p>"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."</p>

<p>Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.</p>

<p>Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.</p>


Rainbow Bay apartment doubles in price since off the plan sale during pandemic

<p data-end="315" data-start="85">The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.</p>

<p data-end="499" data-start="317">The project, to be known as <strong data-end="376" data-start="345">Capella Residences Brisbane</strong>, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.</p>

<p data-end="899" data-start="501">The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.</p>

<p data-end="1154" data-start="901">The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.</p>

<p data-end="1387" data-start="1156">The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.</p>

<p data-end="1387" data-start="1156"><img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" /></p>

<p data-end="1611" data-start="1389">Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.</p>

<p data-end="1823" data-start="1613">Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.</p>

<p data-end="2042" data-start="1825">The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.</p>

<p data-end="2177" data-start="2044">The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.</p>

<p data-end="2420" data-start="2179">The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.</p>

<p data-end="2724" data-start="2422">"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.</p>

<p data-end="2858" data-start="2726">"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."</p>

<p data-end="3130" data-start="2860">Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.</p>

<p data-end="3415" data-start="3132">"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.</p>

<p data-end="3658" data-start="3417">"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."</p>

<p data-end="3820" data-start="3660">Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.</p>

<p data-end="3961" data-start="3822">"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.</p>

<p data-end="4083" data-start="3963">"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."</p>

<p data-end="4227" data-start="4085">Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.</p>


Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

<p>Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.</p>

<p>The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.</p>

<p><img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" /></p>

<p><a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.</p>

<p>"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.</p>

<p>"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.</p>

<p>"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."</p>

<p><img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" /></p>

<p>Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.</p>

<p>The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.</p>

<p>"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.</p>

<p>"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."</p>

<p>Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.</p>

<p>"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.</p>

<p>"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."</p>

<p>Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.</p>

<p>[smartcode_project_cta:default project_id=113271]</p>


Lewis Land targets first home buyers at latest Harbour Shores release, Solis

<p>Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a></p>

<p>The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.</p>

<p>The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.</p>

<p>The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=370093]</p>

<p>Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.</p>

<p>"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.</p>

<p>"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."</p>

<p>Brown says the&nbsp;response to Park Residences following completion has been particularly strong.</p>

<p>"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.</p>

<p>"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."</p>

<p>[smartcode_project:default project_id=114246 project_image_fid=370116]</p>

<p>Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.</p>

<p>"Today's buyers are incredibly discerning," Tack said.</p>

<p>"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.</p>

<p>"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."</p>

<p>The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.</p>


KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

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<p>Melbourne’s western suburbs have rapidly evolved over the past ten years, 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>
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<p><span>The report suggests Melbourne’s housing market has always seemed somewhat unattainable for many, however figures released have shown that Melton and Wyndham are affordable and desirable options with larger blocks of land and bigger homes.</span></p>
<p><span>The city of Melton is proving a popular choice according to realestate.com.au. It is also the cheapest suburb in Melbourne, with a median price of $390,000.</span></p>
<p><span>Those looking for large blocks and new modern houses could consider Rockbank, Caroline Springs </span>and Plumpton at a median price of $700,000, which is an attractive choice for first home buyers and families, the report noted. </p>
<p>"Melbourne’s western area is spoilt for choice around the $700,000 mark compared to that of more expensive inner Melbourne suburbs where purchasing a nice home in that range is simply not possible," the valuation firm said. </p>
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<p><span>The report suggests the Australian dream of a big home and backyard is attainable in the western suburbs.</span></p>
<p><span> It is an area that is affordable and ever developing which is why it has attracted so many first home buyers and investors looking to break into the property market. </span></p>
<p><span>T</span>he convenience of being close to the city combined with the benefits of not actually being in the heart of the city has rapidly increased its population growth.</p>
<p><span>Some examples of what you can expect around the $700,000 mark are as follows, the report noted. </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/taylors%20hill.jpg" alt=""></span></p>
<p>The five bedroom, three bathroom house at<a href="https://m.realestate.com.au/sold/property-house-vic-taylors+hill-133332806" target="_blank"> 37 Nicholson Terrace</a> (pictured above) has been sold for $768,000.</p>
<p><span>It comes with three living zones, functional kitchen, pergola area and oversized double garage. </span></p>
<p><span>It is located within close primality to schools, transport and shops. </span></p>
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<p><span>Compare this to a well-established, higher socio economic region within Melbourne’s west such as Williamstown. </span></p>
<p><span>It is considered much more difficult to obtain a nice house for the $700,000 price </span>bracket within this region as the median house price is $1.35 million.</p>
<p>"Realistically, only small units and apartments in Williamstown can be purchased for this price," the valuation firm said. </p>
<p>The report noted an example of what you could expect is as follows.</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/williamstown.jpg" alt=""></p>
<p>A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-williamstown-133618502" target="_blank">105/133 Railway Place, Williamstown</a> (pictured above) has been sold for $675,000.</p>
<p>The apartment comprises two large bedrooms, one bathroom, internal balcony, and secure car space with storage. </p>
<p>It is set within the top Williamstown school zones. </p>
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j.ballantyne1990-6AQqhLzZaK

What a lazy $700,000 can buy in Melbourne's western suburbs: HTW Residential 

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<p>The focus of attention in the Central Coast Region market now seems to be on recovery and future planning, 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>

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<p><strong>NSW Central Coast Region Coronavirus Update</strong></p>
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<p>The report notes in line with many regions, there have been little reports of new cases of COVID-19 for some time.</p>

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<p><span>For many, life seems to be returning to normal. The tourist and visitor centres of Terrigal, The Entrance and Ettalong Beach have been busy for the past several weekends as crowds return.</span></p>

<p><span>"Recovery will be as big a challenge as the restrictions and lockdowns themselves. Looking around, a number of businesses have suffered terribly and some have closed. But confidence is returning. </span></p>

<p><span>"Tempering this new confidence, our health professionals are reminding us that we may not have seen the end of this with a second wave likely," the valuation firm said. </span></p>
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<p><strong>What will a lazy $700,000 buy in the Central Coast region of New South Wales</strong></p>

<p><span>A quick snapshot of some suburbs where investing $700k seems to be a good idea, the report noted. </span></p>

<p><span><strong>Wadalba</strong> – </span><span>a newish and still developing suburb located towards the northern end of the region with plenty of schools, shops and easy access to the M1 Motorway.</span></p>

<p><span>A typical new project style dwelling, single level with four bedrooms, two bathrooms and double garage, recently sold for $690,000. </span></p>

<p><span>"With slightly older two-storey options available for similar prices, we consider these to represent good value for first home buyers and growing families finding the area to their liking," the valuation firm said. </span></p>

<p><span>Values have remained static overall over the year, so buying for quick financial gain isn’t great and returns are estimated at around the 4.5 to five per cent mark which is acceptable. Comparable suburbs to Wadalba include Hamlyn Terrace and Woongarrah, the report noted. </span></p>

<p><span>A four bedroom, two bathroom home in Wadalba has recently been sold for $591,500. </span></p>

<p>The single level home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wadalba-133071962" target="_blank">7 Voyager Street </a>(pictured below) comes with expansive kitchen, dining area, lounge room, four bedrooms and fully fenced yard. </p>

<p><span>It is located close to schools, supermarkets and parks. </span></p>

<p><span><img alt="" 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/wadalba.jpg"></span></p>

<p><span><strong>The Entrance</strong> – </span><span>one of the region’s older suburbs which sits between the ocean and lake. </span>It is the day tripper and visitor centre at the northern end of our region, the report noted. </p>

<p>Although there is a large permanent and long term occupant population (renters account for approximately 60 per cent of the area’s occupants), the area is very popular with the weekender market.</p>

<p>Units prevail in the town centre due to the ocean and lake views, shops and beach.</p>

<p>"We note that $700,000 can buy a two- bedroom unit with views within the town centre. But $700,000 is heading towards the higher end of unit values at The Entrance and we feel the more attractive options would be in the $350,000 to $400,000 price range for older units with lesser views," the valuation firm said. </p>

<p>This price range has been more consistent in terms of price stability and returns which seem to be around the 4.5 per cent mark on a permanent occupancy basis.</p>
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<p><span><strong>Bateau Bay</strong> – </span><span>another of the region’s more established suburbs. </span>The Entrance runs through the suburb thus creating two distinct markets.</p>

<p><span>The eastern (ocean) side is generally the more expensive option. If $700,000 is the marker, then good value on the no less popular western side of The Entrance Road is available. </span></p>

<p><span>Generally older style but well established and accessorised property is the norm. </span></p>

<p><span>An 80’s style, large, four- bedroom, single level dwelling with two bathrooms and double garage has just sold for $710,000 and a renovated 80’s style four-bedroom, two-bathroom dwelling with inground pool and off street parking recently sold for $685,000. These represent good value for those aspiring to live in Bateau Bay, the report noted. </span></p>

<p><span><strong>Terrigal</strong> – </span><span>some would suggest that only good things happen at Terrigal and if price point is the gauge, there may be some foundation to this. </span></p>

<p><span>$700,000 will likely secure an old style, rundown dwelling or perhaps a two- or three-bedroom unit or townhouse away from the town centre. </span></p>

<p><span>"You might however get a vacant block of land with a little change left over – but you will need to be quick," the valuation firm said. </span></p>

<p><span>Next door Wamberal shares these same qualities, with Erina to the west being not far behind, the report noted. </span></p>

<p><span>A current listing is a one bedroom apartment in Terrigal priced at $699,000.</span></p>

<p>The contemporary apartment at <a href="https://www.realestate.com.au/property-unit-nsw-terrigal-133757722" target="_blank">3/10 Pine Tree Lane</a> (pictured below) comprises large bedroom, study, open plan lounge and dining area, and garage. </p>

<p><span>It is set in a boutique complex, only metres walk to cafes, restaurants and Terrigal Beach. </span></p>

<p><span><img alt="" 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/terrigal%201.jpg"></span></p>

<p><span><strong>Point Clare</strong> – </span><span>sitting on the western shores of Brisbane Waters, this is an older and established location with just a short drive to meet up with the M1 Motorway. </span></p>

<p><span>"Surprisingly, Point Clare has never been an area at the top of mind. We don’t know why, because there are a number of properties that can be purchased for less than $700,000," the valuation firm said. </span></p>

<p><span>An 80’s style, slightly compact, four-bedder with single </span>garage, landscaping and inground pool recently sold for $680,000.</p>

<p>While the median value across the region has fallen just a little over the past year, Point Clare has actually increased – just a little.</p>

<p>The area is predominantly owner-occupied with returns estimated to be around the 4.5 per cent mark.</p>
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<p><span><strong>Umina Beach</strong> – located towards the southern end of the region, Umina Beach, Woy Woy and Ettalong Beach enjoyed better than average value increases, but since September 2018, the median value has steadily declined and is approximately ten per cent lower. </span></p>

<p><span>Rentals account for around 30 per cent of properties in Umina Beach with the remainder being owner-occupied. Due to the high number of second dwellings in Umina Beach, we tend to think there is a hybrid factor going on here with owners remaining in their dwellings while renting out the second dwelling.</span></p>

<p><span>In value terms, there are still a lot of properties being sold under or around the $700,000 mark. </span></p>

<p><span>A renovated three-bedroom, one-bathroom dwelling with plenty of undercover parking recently sold for $700,000 whilst a similar dwelling, but minus the parking sold for $670,000.</span></p>

<p><span>Older, more basic dwellings with the potential to add a second dwelling are selling for similar prices, the report noted. </span></p>
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<p>The focus of attention now seems to be on recovery and future planning.</p>

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What a lazy $700,000 can buy in NSW Central Coast Region: HTW residential  

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<p>As a broad overview, Gold Coast's beachside localities comprising Main Beach to Mermaid Beach remain steady with a lower volume of sales at around existing price levels, 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>
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<p><span>The report notes agents are generally reporting a lack of stock for sale with many potential vendors reportedly holding off selling currently.</span></p>
<p><span>"Units in Surfers Paradise have been hit by the travel restrictions due to COVID-19, with agents reporting reduced returns for investors in short term holiday letting complexes," the valuation firm said. </span></p>
<p><span>A follow on effect is that these owners or investors are often trying to remove the unit from short term holiday letting into a permanent rental arrangement, which appears </span>to be having a negative impact on rental returns in the permanent letting sector as well due to the increased supply.</p>
<p><span>Houses in the suburbs remain stable, the report noted. </span></p>
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<p>There currently appears to be stronger market interest in well-presented or renovated rural residential properties, with one agent reporting strong interest in a recently renovated property at <a href="https://www.realestate.com.au/sold/property-house-qld-bonogin-133659046" target="_blank">13 Waratah Court, Bonogin </a>(pictured below). </p>
<p><span>This is a circa 1999 fully recently renovated, part two-level dwelling providing four bedrooms and three bathrooms to the main level with a self-contained one-bedroom, one-bathroom granny flat under.</span></p>
<p><span> The land area is 3605 square metres. The list price was $885,000 and the property sold for $915,000 with the agent reporting multiple offers over the list price.</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/bonogin%201.jpg" alt=""></span></p>
<p><span>In Main Beach, a three-bedroom, two-bathroom unit of 174 square metres situated on the third floor of the Spinnaker building recently went to contract at $745,000. </span></p>
<p><span>This had a renovated kitchen from some years back but dated now with the bathrooms in original condition. </span></p>
<p><span>Reasonable ccean views are available over and between buildings. This unit was purchased by a local buyer intending to renovate.</span></p>
<p><span>In Ashmore, $700,000 will get you a renovated three- or four-bedroom dwelling generally with a pool. </span></p>
<p><span>The sale of 24 Mingaletta Drive, Ashmore (pictured below) achieved $686,000 in January 2020.</span></p>
<p><span>It comprises a renovated, onground, single level, four- bedroom, two-bathroom, semi-modern dwelling with rendered brick walls, concrete tiled roof and one-car garage situated on a 682 square metre lot. </span></p>
<p><span>Ancillary improvements include driveway, fencing, landscaping and pool. </span></p>
<p><span>The dwelling was fully renovated approximately two years ago.</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/ashmore.jpg" alt=""></span></p>
<p><span>Mermaid Waters is located closer to the beach and Pacific Fair Shopping centre and you get a little less bang for your $700,000.</span></p>
<p><span> A three-bedroom townhouse at 34/2 Karbunya Street sold in March 2020 for $633,000.</span></p>
<p><span>It provides an end part two- level unit with three bedrooms, two bathrooms, a single garage and one unsecured and uncovered </span>off-street car space.</p>
<p>The townhouse was in mostly renovated condition with a reasonable sized courtyard and is within 400 metres of the popular Nobby Beach retail and restaurant precinct and within 800 metres of the beach. </p>
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<p><span>An older style house at 56 Surfers Avenue in Mermaid Waters sold in March 2020 by remote auction for $615,000.</span></p>
<p><span> It comprised a 1970s onground brick and tile dwelling with three bedrooms, one bathroom and single carport accommodation. </span></p>
<p><span>This definitely represented entry level buying and was sold as a renovator. </span></p>
<p><span>The majority of the value lies within the land value component.</span></p>
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<p><span>The report notes ff you are looking at two properties for your $700,000, then Mudgeeraba offers that opportunity as you can get two, three-bedroom, two-bathroom townhouse units. Mudgeeraba is located just to the west of the Pacific Motorway and within close proximity of Robina Town Centre.</span></p>
<p><span> A townhouse at 24/17 Douma Drive (pictured below) sold in January 2020 for $330,000. </span></p>
<p><span>Offering a 1997, part two level, three-bedroom, two bathroom attached townhouse unit with brick veneer and hardiplank walls, tile roof and one-car built-in garage plus two-car off street parking, it had undergone some internal updates which were mainly cosmetic.</span></p>
<p><span> </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/mudgeeraba.jpg" alt=""></p>
<p><span>Similar townhouses offer a good rental return with a three-bedroom townhouse typically renting for between $400 and $450 per week.</span></p>
<p><span>"Moving on to the housing sector within Mudgeeraba and still under the $700,000 budget, you can get a semi modern three- to four-bedroom house with a double garage starting from around $575,000," the valuation firm said. </span></p>
<p><span>The report suggest an examplee of recent house sales is:</span></p>
<p><span>9 Swanton Drive sold in February 2020 for $613,000 and comprises an onground, single level, three- bedroom, two-bathroom dwelling with brick and rendered brick walls, concrete tiled roof and two-car garage. </span></p>
<p><span>The property has good external condition, good internal condition and fair presentation. </span></p>
<p><span>Areas: Living - 125 square metres; Outdoor - 42 square metres; and Car - 44 square metres. </span></p>
<p><span>Ancillary improvements include exposed aggregate driveway, fully enclosed yard with timber fence, gravel paths, patterned concrete paths, established landscaping and garden shed, retaining walls. </span></p>
<p><span>The land area is 585 square metres.</span></p>
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What a lazy $700,000 can buy on the Gold Coast: HTW Residential 

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<p>Residential dwellings in the inner and middle north suburbs such as Brunswick, Coburg, Northcote, Essendon and Preston are generally priced out of the $700,000 budget given that the median house prices in these areas surpass the $1 million mark, 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>
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<p>"Consequently, we are required to limit our search to strata properties including units, townhouses and villas," the valuation firm said. </p>
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<p><span>"Moving further out into suburbs such as Glenroy, Fawkner and Reservoir where median house prices are currently closer to the $700,000 mark, we can expect to see a number of two- and three-bedroom dwellings appearing within reach, particularly those in need of renovation," the valuation firm added. </span></p>
<p><span>Finally, in the outer north, suburbs including Epping, Wollert and Craigieburn where current median house values are under the $600,000 mark, large homes with higher specifications, sizeable blocks and four or five bedrooms become possible candidates.</span></p>
<p>A four bedroom house at<a href="https://www.realestate.com.au/property-house-vic-epping-134104774" target="_blank"> 12 Creekedge Views, Epping</a> (pictured below) is currently on the market with a price guide of $610,000 to $650,000.</p>
<p><span>Set on a 375sqm lot, the home comes with living area with open plan kitchen, two bathrooms, and double garage. </span></p>
<p><span>It is located within easy access to the Aurora Village Shopping 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/2020/8/14/epping.jpg" alt=""></span></p>
<p><span>"As it appears that the recent health pandemic is having minimal impact on values in the inner north – in part due to the lack of stock and current demand - we would be inclined to invest in these areas as properties are still selling within normal market parameters. </span></p>
<p><span>"Given that we are limited to strata properties in these areas with a spend of $700,000, we would suggest a preference towards those that are part of smaller developments such as townhouses rather than large, multi- unit developments," the valuation firm said. </span></p>
<p><span> There are a number of two- bedroom, two-bathroom townhouses in Brunswick East that fit the bill perfectly.</span></p>
<p>A two bedroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-brunswick+east-129679258" target="_blank">4 Edwina Way, Brunswick East</a> (pictured below) has recently been sold for $690,000.</p>
<p><span>The home comprises two bedrooms, one central bathroom, open plan living/kitchen/dining and northerly balcony. </span></p>
<p><span>It is situated a stroll to 96 tram and Balfe Park. </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/brunswick%20east%202.jpg" alt=""></span></p>
<p><span>The report suggests investors can expect reasonable returns on strata properties in these areas. </span></p>
<p><span>Modern, two- bedroom, two-bathroom apartments can achieve </span>approximately $450 to $500 a week while villa units with two bedrooms and one bathroom achieve approximately $380 to $420 a week. </p>
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<p><span>"We believe that performance in this price sector will remain stable in the short to medium term and given the current state of the market, buyers can and should remain confident." </span></p>
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What a lazy $700,000 can buy in North Melbourne: HTW Residential 

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<p><span>Historically the South Australian market has lagged behind the east coast markets which have shown signs of decline since late March, according to the latest Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm presented an 'investor playbook' of real estate performance within each service area this month. </span></p>
<p><span>The report notes throughout the month of July, South Australia remained community transmission free of COVID-19. </span></p>
<p><span> At the time of writing, one new case has been recorded since 29 June which has been linked to a resident returning from quarantine in Victoria, the report noted. </span></p>
<p><span>Even as restrictions ease, the labour market has remained subdued with the South Australian unemployment rate increasing from 7.9 per cent </span>in May to 8.8 per cent in June which is now the highest in the country.</p>
<p><span>As at 30 June, CoreLogic’s Home Value Index indicated the metropolitan market remained 2.04 per cent up on the same period 12 months ago, however has seen a 0.19 per cent contraction month on month.</span></p>
<p>"Considering the most recent market data and east coast market direction, it appears that the South Australian market could be entering the initial stages of a downward cycle.</p>
<p>"At this stage the decline has only been slight and will be monitored closely in the short to medium term," the valuation firm said.</p>
<p><span>Broadly, national investor activity has been in decline throughout 2020. May data released by the Australian Bureau of Statistics indicates that investor loan commitments nationally are 11.9 per cent down year on year and 15.6 per cent down month on month. </span></p>
<p><span>The report notes the level of uncertainty surrounding COVID-19 has been a major deterrent to investors entering the market.</span></p>
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<p><span>"Depending on proximity to the CBD, the investor market has historically been driven by rental returns within the outer ring and capital growth within the middle and inner rings. </span></p>
<p><span>"Gross yields of six to nine per cent are common within the established suburbs in the outer ring," the valuation firm said. </span></p>
<p><span>Advertised rents range from $250 to $350 per week with median house prices ranging from high $100,000s to high $300,000s. </span></p>
<p>Representative of typical investor stock is the June sale of <a href="https://www.realestate.com.au/sold/property-house-sa-morphett+vale-133187922" target="_blank">140 Elizabeth Road, Morphett Vale</a> (pictured below) for $240,000.</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/morphett%20vale.jpg" alt=""></span></p>
<p><span> Post settlement this property was immediately let at $350 per week, generating a gross yield of 7.58 per cent.</span></p>
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<p><span>Popular within the outer ring are multiple occupancy properties, typically comprising former housing trust maisonettes.</span></p>
<p><span> Providing its purchaser with multiple options was the sale of 4 and 6 Knighton Road, Elizabeth North, which recently </span>achieved a sale price of $350,000.</p>
<p>The property comprised two individually titled four-bedroom maisonettes with a combined land holding of 1,653 square metres.</p>
<p>The dwellings had previously been let at $260 per week, suggesting a gross yield of 7.72 per cent.</p>
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<p><span>Rental returns within the inner and middle rings are eroded as values increase and achievable rentals reach a ceiling. </span></p>
<p><span>Advertised rents range from $400 per week and cap out at $1,200. </span></p>
<p><span>Median price levels vary through the inner and middle rings ranging from the mid $400,000s to $1 million plus.</span></p>
<p><span> The high value to low rental ratio produces gross yields of three to five per cent. </span></p>
<p><span>Investors are typically seeking out capital growth with holding income being an added bonus. </span></p>
<p><span>The report notes suburbs which have achieved increased levels </span>of capital growth in the March quarter year on year include West Lakes Shores (25.41 per cent), Colonel Light Gardens (15.41 per cent), Athelstone (13.89 per cent) and Flinders Park (5.34 per cent).</p>
<p>Capitalising on the strong market activity within West Lakes Shores were the vendors of 24 McDonald Grove who purchased the property in August 2018 for $900,000.</p>
<p>The property was cosmetically renovated and sold for $1.105 million in December 2019.</p>
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<p><span>Higher density flat dwellings are popular with sophisticated investors given the multiple income streams and entry price point.</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/kent%20town%201.jpg" alt=""></span></p>
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<p>The inner eastern suburb of Kent Town has seen two significant multi occupancy transactions in the past 12 months, being <a href="https://www.realestate.com.au/sold/property-unitblock-sa-kent+town-132842114" target="_blank">1-9/4-6 Wakefield Street </a>(pictured above) which achieved a sale price of $2.325 million and <a href="https://www.realestate.com.au/sold/property-unitblock-sa-kent+town-131894478" target="_blank">1-10/21 Wakefield Street </a>(pictured below) which achieved a sale price of $2.62 million.</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/kent%20town%202.jpg" alt=""></p>
<p>These properties comprise nine and ten units respectively across two levels of multiple accommodation.</p>
<p>The sale of 1-9/4-6 Wakefield Street was advertised with a gross rental of $130,000 suggesting a yield of 5.6 per cent.</p>
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<p><span>Strata units provide an affordable entry price point for those making their first foray into the market. These properties can be seen as a steppingstone and provide a forced savings style of investment for younger investors. </span></p>
<p><span>Capital growth can be limited whilst gross yields can be eroded by additional </span>fees and charges associated with strata levies.</p>
<p><span>For a typical 1970’s cream brick strata unit, gross yields fluctuate around five per cent. Selling for $261,000 and let at $275 per week is the recent transaction of 6/11 Shipsters Road, Kensington. </span></p>
<p><span>The </span>unit comprises two bedrooms and one bathroom and is located on the first floor of a two level strata complex. The sale indicates a gross yield of 5.47 per cent.</p>
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<p><span>"The South Australian market has historically provided purchasers a more stable option to the larger metropolitan markets around Australia.</span></p>
<p><span>"Investors should have confidence in the South Australian market in the medium to long term, being cushioned from the COVID-19 fallout," the valuation firm said. </span></p>
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Adelaide property market enters downward circle: HTW residential 

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<p>Similar to previous months, supply is still down in many sectors of the Coffs Harbour 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>

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<p><span>"As the relaxation of COVID-19 restrictions sees us all getting back to some normality, the property market rolls on as if it was unaware of recent social struggles," the valuation firm said. </span></p>

<p><span>Selling agents are reporting good demand and increasing interest from the out of town city buyers looking to finally escape the chaos of urban life. </span></p>

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<p><span>Property values generally have remained steady to strong with only the prestige market of $1 million plus experiencing some weakening in activity, although it is not uncommon for this sector to seasonally fluctuate. </span></p>

<p><span>"We can look forward to the opening of state borders in time for school holidays together with the highly anticipated reinstatement of domestic flights which will help boost the Coffs Coast accessibility for domestic holiday seekers," the valuation firm said. </span></p>

<p><span>"Now that you have come for a holiday and experienced the wonders of what this region has to offer, your thoughts turn to what you can buy for that lazy $700,000.</span></p>

<p><span>"Like most regional locations, we have a diversity of product and it is very difficult to stereotype what you will get in any particular price range; it will depend on what you are looking for. Whether that be a large family home in the suburbs, a beachside cottage or rural retreat, the options are endless," the valuation firm said. </span></p>

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<p><span>The report starts with a suburban home. </span></p>

<p><span>As the median house price in Coffs Harbour sits at around the $490,000 mark, it is easy to see that $700,000 will get you an above average property, typically a large family home, either modern or fully renovated, with </span>four or five bedrooms, double car accommodation and pool set on a standard 600 to 1000 square metre site, the report noted. </p>

<p>Suburban areas such as Boambee East, Toormina, Bonville (East) and West Coffs Harbour are typical locations for this type of product and well suited to the family although not so much the investor as returns diminish with the higher values. These areas, like most of the region, have experienced gradual growth over recent years.</p>

<p>A large family home in Toormina has recently been sold for $549,000.</p>

<p>The four bedroom, two bathroom house is located at <a href="https://www.realestate.com.au/sold/property-house-nsw-toormina-129238138" target="_blank">5 Bryant Close</a> (pictured below).</p>

<p>It comes with lounge area, large sunroom, timber kitchen, entertaining deck and in-ground pool with tropic garden surrounds. </p>

<p><img alt="" 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/toormina.jpg"></p>
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<p><span>"Moving closer to the beach, you get less home as the trade-off for higher land value," the valuation firm said. </span></p>

<p><span>The more popular areas such as Sawtell and The Jetty precinct in Coffs Harbour have entry level prices of $700,000 which would purchase a more modest home or a cottage of 20 to 60 years of age which would require renovation, extension or demolition.</span></p>

<p><span>A current listing is a three bedroom period style home in Sawtell priced at $649,000.</span></p>

<p>The seaside home at<a href="https://www.realestate.com.au/property-house-nsw-sawtell-133861786" target="_blank"> 1/17 Fifteenth Avenue </a>(pictured below) offers combined kitchen/dining area, living zones, sunroom, three bedrooms and entertainment deck. </p>

<p><span>It is located within walking distance to Murrays beach, cafes and Sawtell Main Street. </span></p>

<p><span><img alt="" 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/sawtell%201.jpg"></span></p>

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<p><span>"You will find more modern unit products in these areas, although the more high quality larger product potentially with water views will set you back more than $700,000. These are very solid locations for investors as they are popular proven localities with underlying development potential, in many cases due to higher density zones," the valuation firm said. </span></p>

<p><span>The report notes the popular northern beachside suburbs also see fewer homes for $700,000, although there are some more modern estates where you can get a new four-bedroom, two-bathroom, double garage home on a standard block.</span></p>

<p><span>The trade-off for these properties is that they are the more recently developed estates such as Sapphire Beach and Emerald Beach which are located along the Pacific Motorway. </span></p>

<p><span>Typically the home closer </span>to the beach with all the trimmings will set you back significantly more than $700,000. These areas have experienced good growth and with land to build the dream now becoming scarce, we are seeing premiums being achieved for modern developed products.</p>

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<p><span>"If you are looking for the green change and land size is important, $700,000 will get you into the market albeit at the lower end of the scale.</span></p>

<p><span>"Typically you will get one to five acre properties with aged homes of generally modest size and quality, although well located to towns and beaches in suburbs such as Korora, Bonville and Boambee which are very popular to have the best of both worlds," the valuation firm said. </span></p>

<p><span>These properties are typically lifestyle purchases and not geared for investors, although Korora does offer the potential to subdivide five acre plus properties which could be worth land banking for future capital gain.</span></p>

<p><span>[smartcode_project:default project_id=94829]</span></p>

<p><span>"As an investor looking at the Coffs Harbour market, we’d be looking towards the multi accommodation properties where increased returns and capital gains will come from renovations and possible subdivision," the valuation firm said. </span></p>

<p><span>Coffs Harbour has a strong population growth with affordable lifestyle benefits and the anticipated start (2021/22) of the proposed Pacific Motorway bypass will see a considerable uplift in the economy with pressure on the rental market during this construction stage. </span></p>

<p><span>This is where </span>the multi accommodation properties will come into their own, especially if they are furnished and aimed at the transient working population, the report noted. </p>

<p>As an example, a triplex in Toormina has been marketed at $625,000, comprising a single level 1980’s building with three two-bedroom, one- bathroom units each with a garage and returning approximately $240 per week each or $37,440 annually, the report noted. </p>

<p>"The potential here is to undertake some modest renovation work, say $5000 to $10,000 per unit to increase the rental returns by $40 to $50 per week each with a long term view of strata titling and selling separately.</p>

<p>"Not surprisingly, this property is under offer at full asking price," the valuation firm said. </p>
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What a lazy $700,000 can buy in Coffs Harbour: HTW residential  

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<p>Residential pockets within the inner eastern suburbs of Melbourne historically yield high sale and rental prices, 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>
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<p><span>The report suggests suburbs such as Richmond, South Yarra, Toorak, Camberwell, Hawthorn and Kew all </span>have high median residential house prices and equally high median prices for apartments.</p>
<p>The areas of the eastern suburbs that would be best suited for someone with a budget of $700,000 begin further down the Lilydale train line, near places such as Ringwood, Warrandyte, Mitcham and Doncaster.</p>
<p>"These areas have a good mix of established residential housing, emerging housing markets seen in land developments such as the Tullamore Estate in Doncaster and new single or multi-unit dwelling developments taking place in various suburbs across the eastern suburbs," the valuation firm said. </p>
<p>A two bedroom townhouse located near Doncaster Westfield has recently been sold for $641,000.</p>
<p>The townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-doncaster-133861270" target="_blank">14/9-13 Wetherby Road </a>(pictured below) comprises two bedrooms, study, lounge and meals zones and courtyard. </p>
<p>It also features kitchen with breakfast bar, second toilet, ducted heating and evaporative cooling. </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/doncaster%201.jpg" alt=""></p>
<p>Some comparisons of median house prices in eastern suburbs are shown below.</p>
<p><a href="https://www.propertyobserver.com.au/images/2020/8/10/east%20mel.jpg" target="_blank">Click here </a>to enlarge:</p>
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<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/east%20mel.jpg" alt=""></span></p>
<p><span>Source: HTW</span></p>
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<p><span>Mooroolbark is a very suitable suburb in which to invest for someone with a budget of $700,000, the report noted. </span></p>
<p><span> The suburb is situated close to major shopping centres with Eastland a short drive away, access to public transport commuting into the city and the market that is available in Mooroolbark.</span></p>
<p><span>A current listing is a three bedroom Mooroolbark house priced at $590,000 to $640,000.</span></p>
<p>The home at <a href="https://www.realestate.com.au/property-house-vic-mooroolbark-133958610" target="_blank">30 Winyard Drive</a> (pictured below) comprises three bedrooms, lounge, dining area, galley kitchen and central bathroom. </p>
<p><span>It is situated within a short stroll to train station, shops and eateries. </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/mooroolbark.jpg" alt=""></span></p>
<p><span>The varying quality of homes in the area makes it possible for investors to either buy and renovate, buy and knockdown or purchase an established home ready to move into or rent out to tenants. </span></p>
<p><span>"We are of the opinion that these outer eastern suburbs are a great location </span>to invest in property, whilst being affordable and having opportunities to construct new dwellings, renovate older homes or purchase a home suitable for living," the valuation firm said. </p>
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What a lazy $700,000 can buy in eastern Melbourne: HTW residential 

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<p>High rise apartments in the Melbourne city and fringe areas will suffer the largest price fall as a result of the Coronavirus, 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>
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<p><span>"The past few months have also impacted the rental market as high rates of unemployment have led to many young people exiting the rental market and moving back in with parents, downsizing or sharing rentals to save money," the valuation firm said. </span></p>
<p><span> This has greatly reduced housing demand, which has caused a spike in vacancy rates, leaving investors nervous about what’s to come. </span></p>
<p><span>With immigration coming to a halt as well as a sharp decline in international students, investors will be feeling the pain over the next 12 to 24 months, the report noted. </span></p>
<p><span>"We are also seeing quite a number of nomination sales in the CBD market, as many investors are desperate to find a new purchaser to take over<br>their property. </span></p>
<p><span>"Investors are doing this now as they had originally purchased these apartments 12 to 18 months ago and pre-committed to contracts, but with </span>lending environments changing since then, they are unable to settle on their apartments, leaving some with no choice but to forfeit their deposits," the valuation firm said. </p>
<p>A new two bedroom apartment in Melbourne CBD was sold for $630,000 in July. </p>
<p>The apartment at <a href="https://www.realestate.com.au/sold/property-apartment-vic-melbourne-131936738" target="_blank">3102/135 A'Beckett Street</a> (pictured below) comprises two bedrooms, two bathrooms and open living area. </p>
<p>It was last sold in 2014 for $635,000.</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/melbourne.jpg" alt=""></p>
<p>A two bedroom Melbourne CBD apartment with water views has been listed for rent with a price guide of $650 per week.</p>
<p>The <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-427127838" target="_blank">4907/605 Lonsdale Street </a>apartment (pictured below) comes with open plan ring area, modern kitchen, large balcony and European laundry. </p>
<p>It is located opposite the South Cross Railway Station. </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/mel%202.jpg" alt=""></p>
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Melbourne CBD high rise apartments to suffer largest price falls: HTW residential 

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<p><span>Agents within Sydney inner city/east are reporting only a slight drop in listing numbers for owner occupier type properties, with an increase in off market activity within this market segment, according to the latest Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm presented an 'investor playbook' of real estate performance within each service area this month. </span></p>
<p><span>"However, investor activity appears to have dropped sharply, particularly in more homogenous medium and high density areas such as Haymarket, Zetland and Forest Lodge. </span>This is largely driven by declines in rental demand pushing rents lower and therefore reducing overall returns," the valuation firm said. </p>
<p><span>According to SQM Research residential vacancy rates for Zetland peaked in May at a record high of 6.0 per cent and have slightly reduced to 5.7 per cent throughout June. </span></p>
<p><span>A similar trend can be seen at Mascot with vacancy rates peaking in June at 7.4 per cent as per SQM Research. Across the city within the inner west suburb of Pyrmont house rents fell by 11.8 per cent over the past year (Domain).</span></p>
<p><span>The report notes the sharp reduction in rental demand within these locations is resulting in lower rents and extended vacancy periods, this ultimately has a negative effect on sale prices given that investors are concerned about rental returns and also whether there will be any upside capital growth in the next few years.</span></p>
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<p>A recent sale of a two-bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-mascot-132917998" target="_blank">612/149-161 O’Riordan Street, Mascot</a> (pictured below) is a good example of this.</p>
<p> </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/mascot%202.jpg" alt=""></span></p>
<p><span>Previously sold during April 2016 for $800,000 and has recently been sold during July by the same agency for $790,000.<br></span></p>
<p><span>This result demonstrates how investment grade properties within certain high-density locations are performing subpar when compared to owner occupier style properties such as freestanding homes or larger modern townhouse/terraces within the surrounding area, the report noted. </span></p>
<p><span>Current asking rents for two- bedroom units within the building range from $600 to$700 per week.</span></p>
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<p><span>"Based on what we are seeing, and information from local real estate agents, it appears that more first homebuyers are entering the market which does help increase demand for some of the investment style apartments, however there is still an oversupply of apartments advertised for sale and lease within these locations such as Zetland and Mascot," the valuation firm said. </span></p>
<p><span>Going forward it seems unlikely that this trend will significantly improve in the near future particularly while the impacts of COVID-19 are at play.</span></p>
<p><span>There are currently opportunities to purchase investment properties at prices similar or even </span>lower than what they were sold for over the last few years, however this is assuming that someone can tolerate the reduced rental income and ‘ride out the storm’ until the market starts to recover.</p>
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<p><span>"On a positive note this region of Sydney is always going to benefit from proximity to the CBD, good infrastructure and various services and amenities which make the inner suburbs of Sydney a popular place to live and invest in property," the valuation firm said. </span></p>
<p><span>The area is already well serviced for public transport, however the future Metro West and Metro City &amp; Southwest lines will provide additional transport options for some of these inner ring suburbs.</span></p>
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<p><span>"As always we believe that the strongest investment properties over the long-term will be those that are well-positioned, quality-built/designed, lower density developments and freestanding/semi- detached dwellings or the older properties that have renovation upside." </span></p>
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Sydney sees sharp drop in investor activity: HTW residential 

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<p>The past month has seen the southern highlands property market go from strength to strength, 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>
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<p><span>The report notes a lack of stock due to vendors’ unwillingness to put their properties to market in uncertain times coupled with extremely strong interest from Sydney buyers has resulted in a strong surge in sales numbers as well as prices in the local region. </span></p>
<p><span>"We had predicted this over the longer term, however it has been very evident over the past four weeks and the next few months should be </span>interesting as we see life return to normal and the market potentially inundated with new listings," the valuation firm said. </p>
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<p><span>A lazy $700,000 in the Southern Highlands is quickly becoming non-existent largely thanks to the above mentioned continual exodus from Sydney.</span></p>
<p><span> This certainly doesn’t mean you can’t find anything for less than $700,000 in the region, however these days a brand new traditional family home in the three main suburbs of Bowral, Mittagong and Moss Vale are all above that price point, the report noted. </span></p>
<p><span>The best performing suburb at this price point would either be Moss Vale or Mittagong, both of which have slightly older homes still popping up sub $700,000 and even sub $600,000 in the case of Moss Vale.</span></p>
<p><span>A four bedroom house in Mittagong has recently been sold for $685,000.</span></p>
<p>The home at <a href="https://www.realestate.com.au/sold/property-house-nsw-mittagong-133955806" target="_blank">5 Waverley Parade </a>(pictured below) comes with four bedrooms, two bathrooms and garden. </p>
<p><span>It also features ceiling fan, timber floorboards and external laundry with toilet. </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/mittagong.jpg" alt=""></span></p>
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<p>A current offering is a four bedroom house in Moss Vale priced at $695,000.</p>
<p>The family home at <a href="https://www.realestate.com.au/property-house-nsw-moss+vale-132123446" target="_blank">14 Napper Close</a> (pictured below) boasts open plan kitchen, dining and living area, four bedrooms, media room and backyard. </p>
<p>It is situated close to Moss Vale Town centre and local schools. </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/2020/8/3/moss%20vale%202.jpg" alt=""></p>
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<p><span>Typically rental returns are good and again off the back of the recent COVID-19 outbreak, enquiry levels from Sydney have been strong, resulting in improved rental returns to that of the past 24 months.</span></p>
<p><span>"We expect this price point to continue to perform strongly over the next few years, as working from home becomes a more common practice. In turn, this should result in more first home buyers looking in the area due to its good proximity to Sydney should they need to travel to a place of work a couple of days per week," the valuation firm said. </span></p>
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