ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Hunter Region

Iris Capital, headed by developer and rich lister Sam Arnaout, is gearing up to launch the third and fourth stages of their multi-award winning $1 billion East End Village project in Newcastle.

The first two stages of East End Village have sold out, with construction of the second stage approaching completion of what will become the city's biggest rejuvenation project.

Urban Activation will oversee the marketing and sales of the $450 million final stages of East End Village.

Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development.

[smartcode_project:default project_id=107744 project_image_fid=211151]

“Stage three and four represent the final release of East End Village and will feature the most luxurious penthouses yet,” George said.

“The open floorplans unfold onto a private balcony towards one of Newcastle’s many sights including the harbour foreshore, ocean horizon, or verdant hilltop grounds of Christ Church Cathedral."

On the wider development, George says&nbsp;East End Village has been one of the most significant urban renewal developments ever undertaken in Newcastle, delivering a step change for the city and leveraging off the massive infrastructure spending program that has revitalised the inner city in recent years.

[smartcode_project:default project_id=107744 project_image_fid=211152]

“East End Village is among the latest catalysts to the ongoing revitalisation of Hunter Street and the Newcastle CBD, and this is having a knock-on effect to the entire region," George says, adding that he believes&nbsp;the Hunter Valley is currently one of the hottest property markets in Australia."

Once complete, East End Village will create a vibrant urban precinct across four city blocks in Newcastle’s inner-city area.

Local downsizers and upsizers who want to live in the transformed CBD have shown the most interest in East End. George expects this trend to continue in the final two stages.

The development, set across five buildings incorporating original heritage architecture, will deliver a blend of residential, retail, entertainment and dining to the city’s heart.

[smartcode_project:default project_id=107744 project_image_fid=211155]

The completed first stage includes the historic Fabric House, Washington House, and Perkins &amp; King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.

With interiors designed by SJB, the apartments have been designed to transcend the typical standards of apartment living, while also embracing coastal views.&nbsp;&nbsp;

One-bedroom residences are priced from $750,000 whilst two-bedroom offerings are priced from $1,150,000 and three-bedrooms are priced from $2,750,000.

Following a design competition, the final stages of the project will be designed in collaboration between architects SJB, DBJ and Curious Practice, with the release set to include the most luxurious penthouses yet.&nbsp;

[smartcode_project_cta:default project_id=107744]

Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development

alisonwarters@gmail.com

Iris Capital kick off final stages of $1 billion East End Village, Newcastle development

Australian property developer Third.i continues to defy the property market downturn, exchanging on a string of record-breaking apartment sales across two projects in Newcastle and one in Coffs Harbour.&nbsp;

As the first project for Third.i in Coffs Harbour, Sable at the Jetty has been met with strong interest, with the penthouse selling for $2.35 million, recording a record for the region.&nbsp;

Over 80 per cent of the apartments have been sold since launch in October last year, with Third.i's Co-Founder Luke Berry saying the strength of the sales at Sable at the Jetty demonstrate that regional cities are seeing a consistent uptake of sales activity.&nbsp;

[smartcode_project:default project_id=135621 project_image_fid=210447]

"There is still growth in the market here, with property sales in the New South Wales north coast holding steady," Berry said.&nbsp;

“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way."

With only a handful of apartments remaining, the $35.5 million project is set to deliver a mix of one, two and three-bedroom residences, with construction due to commence in the coming months, with completion slated for mid-2024.&nbsp;

Located on the corner of Collingwood and Edgar Streets, Sable at the Jetty is within walking distance from the beach, local schools, cafes and shops, and also offers numerous transport links at your doorstep. Remaining apartments are priced from $650,000 to $1.6 million.

[smartcode_project:default project_id=109979 project_image_fid=187062]

Sable at the Jetty joins a growing list of Third.i’s record sales in New South Wales, following three record sales in Newcastle, with the sale of the penthouse at Dairy Farmers Towers going for $6.5 million and two back-to-back $3.5 million penthouse sales at the group's retirement living project, The Merewether Residences.&nbsp;

The extensive whole floor penthouse in Dairy Farmers Towers, located at 924 Hunter Street, Newcastle West sold to a local family who swooped in to secure their slice of the iconic project which pays homage to the site’s history as the original head office for Dairy Farmers Limited in Australia.

The buyer is a Hunter Valley legend, winemaker and businessman, who says the level of offering at Dairy Farmers was exactly what he and wife were looking for in an inner-city abode.

When asked about the status of setting a record with their purchase, the buyer said, “We love Newcastle and Novocastrians, and are excited to have an apartment there. We can’t wait to move into such an iconic property and participate in the fantastic social activities Newcastle can offer.”

The penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level.

[smartcode_project:default project_id=109979 project_image_fid=187069]

The four-bedroom, three-and-a-half-bathroom, four-car property features multiple living and dining rooms, a separate chef's kitchen, bar and adjoining wine cellar, library, and study.

All rooms will have three-metre high ceilings and floor to ceiling glazing, which will deliver 360-degree views of Newcastle all the way to the Broken Back Range in the Hunter Valley, a crucial feature for the buyers who previously lived under the Broken Back Range.

The project has also been met with a swarm of interest from downsizers and owner occupiers, with more than 70 per cent of the project sold since its launch in late 2022.

Third.i secure string of record-breaking apartment sales across New South Wales

Having initially focussed on Sydney’s fast growing south-west corridor, Iris Capital has more recently taken a leap up the coast, dipping into the prospers of the Newcastle region to deliver the masterplan set to transform the suburb.

Encompassing a 1.66-hectare site, from Perkins Street to Newcomen Street, the East End precinct has been delivered across four stages, with the entire project slated for completion by 2027.

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="40b73dc8-a390-483f-a087-fe8da0a92f4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_01_LR.jpeg?VersionId=bOkrUVJv2O_hufELwx1jA.2.jkdXP5A8" />

SJB Director, Adam Haddow said that since 2013, the group had been investigating the unique community of Newcastle, having worked on the original masterplan for East End as architect and collaborator for the stage one development.&nbsp;

“We are over the moon to have the opportunity to again collaborate with our peers – this time Sydney based Durbach Block Jaggers and Novocastrian's Curious Practice, to deliver the final stage of this once-in-a-lifetime project,” said Haddow.

In a bid to realise the City of Newcastle’s Harbour to Cathedral Park ambition, the site has been divided based on experience, expertise and scale.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="cd286c15-d89e-4872-ad31-d4e8bc95305d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_02_LR.jpeg?VersionId=Q4OkzsIts62U6XR9_.J8VO5Cs.h5Zrrq" />

“Our vision for the East End is rooted in a fine grain response that reimagines the retail offering and pedestrian activity of Hunter Street. The new public ‘market square’ has great potential to connect into Council land creating the link withNewcastle Christ Church Cathedral and the harbour – to become the centre of theEast End,” Haddow said.&nbsp;

“We truly hope that this new connection will enable Indigenous planting to thrive along the north-facing slope of East End, once again cradling the silhouette of the cathedral in a green skirt when seen from the harbour."

Iris Capital’s Chief Executive Officer spoke to the prominence of the site in Newcastle, saying it is a critically important and significant development for the city that will create a long desired public domain connecting the Harbour to the Cathedral.&nbsp;

“The winning SJB, DBJ, and Curious Practice design unquestionably delivered in its purpose to achieve design excellence and has maintained the Cathedral as the city’s prominent landmark structure with a family of beautiful buildings that follow the topography and mesh with the built form of the hill,” Arnaout said.&nbsp;

“The winning design also was considered as the best outcome to incorporate the numerous heritage elements and considerable level changes across the site,” he said.&nbsp;

Like stage one which has been embraced by the community, achieving a sold out status, the final stages of the project will similarly be instantly recognisable through the adaptation of designs that draw inspiration from existing Newcastle architecture and retention of key heritage buildings.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="e3ba6bf9-0ee8-46bc-8902-d20ac57da4d9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_06_LR.jpeg?VersionId=SwJffMJvI1PBhsisr6BbjfG4Tz5AecPV" />

“We will continue to work closely with the winning architect's impressive design during the development application phase and refine the scheme by incorporating recommendations made by the competition jury,” Arnaout added.&nbsp;

Stage three and four of East End sees three buildings establish the marketplace, each following an archetypal form.&nbsp;

The ‘block’ of the heritage Municipal building, the ‘tower’ behind it and the ‘stoa’ forming the western edge, with the architectural gestures designed to provide companions to the Cathedral.&nbsp;

The composition forms an Uffizilike public square which allows for both pause and transition, encouraging passage through and connection to the green space beyond the Cathedral and its garden.

“We love the city and people of Newcastle. With the support of Sam Arnout and Iris Capital, and in collaboration with Newcastle City Council, we’re confident that as a design team will be able to renew this part of the East End for the entire community to be proud of,” Haddow concluded.

[smartcode_project_cta:default project_id=29044]

Cited as one of the country’s first large-scale urban regeneration projects, East End is focused on delivering a blend of residential, retail, entertainment and dining to Newcastle, in a collaboration between three practices, SJB, Durbach Block Jaggers (DBJ) and Curious Practice, following the group’s design competition win. 



Iris Capital launch final stages in Newcastle East End apartment project

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Land values across the Hunter region have generally increased since 1 July 2018. 
The NSW Acting Deputy Valuer General, Paul Chudleigh, has recently published land values for the Hunter region.
The land values reflect the property market at 1 July 2019.
<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/2020/2/3/8_Hunter%20Region.jpg" alt="">
Hunter region local government areas include Cessnock, Dungog, Maitland, Muswellbrook, Singleton, and Upper Hunter.
<h2>General overview</h2>
The total land value for the Hunter region increased by 2.3 per cent between 1 July 2018 and 1 July 2019 from $23 billion to $23.6 billion.
The movement of residential land values across the region generally remained steady at one per cent. However, a slight increase (3.5 per cent) was experienced in the Upper Hunter local government area.
Overall, commercial land values in the region increased slightly by two per cent. Most land values remained steady, however Maitland local government area experienced an increase of 3.1 per cent attributed to increased demand for commercial services within Maitland’s local centers.
Industrial land values in the region increased moderately overall by 6.3 per cent. The strongest increases were experienced in Cessnock (9.9 per cent) and Maitland (9.7 per cent) where land values were impacted positively by the Hunter Expressway and improved access to Newcastle.
Rural land values experienced an overall increase of five per cent. The rural increases occurred despite ongoing drought conditions. Dungog local government area had the strongest overall increase at 7.6 per cent.
Mr Chudleigh said property sales are the most important factor considered by valuers when determining land values.
“It is important to note that land value is the value of the land only and does not include the value of a home or other structures.”
The 1 July land values have been prepared by private contract valuers with expertise in their local areas working on behalf of the Valuer General, to determine new land values across the region. Property NSW, part of the Department of Planning, Industry and Environment, has quality assured the land values for accuracy and consistency.
Mr Chudleigh said councils receive new land values for rating at least every three years. All councils have been issued with 1 July 2019 land values.
“Land values are one factor used by councils to calculate rates,” said Mr Chudleigh. “Changes in land value don’t always mean a change in council rates.
Each council develops a revenue policy to use when calculating rates to fund services for the community. Councils make their draft policy available for public comment.”
Landholders will receive a Notice of Valuation showing their land value before it is used by council for rating. This gives landholders time to consider their land value.
Revenue NSW will use the 1 July 19 land values to calculate land tax for the 2020 land tax year. Registered land tax clients will receive a land tax assessment from Revenue NSW from late January 2020.
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j.ballantyne1990-6AQqhLzZaK

Hunter land values increased since July 2018

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A lifestyle property combining four titles adjoining the Watagan National Park in the Hunter Region has hit the market. 
The 334 acre property at <a href="https://www.realestate.com.au/property-lifestyle-nsw-quorrobolong-700066082" target="_blank">Quorrobolong</a> ranges from rolling green fields to Australian bush, abundant with rock orchids, elks and native Australian Grass Trees.
The property comes with multiple building sites with mountain views. 
There are two machinery sheds both with power. One comes with two bedroom, kitchen and living area and bathroom to service Love Shack, an air conditioned, insulated building. 
<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/2019/12/4/quorrobolong%202.jpg" alt="">
Another shed consists of ensuite, second bathroom and covered entertainment area overlooking the dam. 
Other features include floodlit entertainment area, waterfall fountain, operational waterside, children's playground with tepee cubby house and gardens. 
<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/2019/12/4/quorrobolong%203.jpg" alt="">
Just a short drive to the Pokolbin/Lovedale and Mount View, the property is located 30 minutes to Toronto and Cooranbong, 1 hour from Newcastle and 2 hours from Sydney’s CBD. 
Shelly Jurd of Jurd's Real Estate Cessnock has the listing. 
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Hunter Valley lifestyle retreat adjoining national park listed

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Bylong Park, a proven brood mare farm located in the Upper Hunter Region of New South Wales, has hit the market.
The farm has produced the likes of Magic Millions winner Driefontein and Hong Kong Derby winner Mosheen.
Located in the heart of the breeding industry, the 135 ha property at <a href="https://www.realestate.com.au/property-livestock-nsw-denman-700051426" target="_blank">1949 Martindale Road, Denman</a> features well-presented improvements and horse facilitates. 
The improvements include 16 box Stable Barn, vet shed and 10 day yards, Ezywalker horse walker, round yard, all steel machinery and hay sheds.
<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/2019/10/14/denman%202.jpg" alt="">
The owner's residence comprises three bedrooms, family/dining area, kitchen, front verandah and double garage. 
There is an older-style manager's and staff cottage including three bedrooms, sitting room, office and kitchen. 
The property has been subdivided into 16 larger paddocks.
<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/2019/10/14/denman%203.jpg" alt="">
Bylong Park is located 15 minutes from Denman, 35 minutes from Coolmore and 3.5 hours from Sydney. 
David Nolan of Webster Nolan Real Estate Surry Hills and Peter Townsend of Landmark Townsend have the listing. 
The property has been scheduled for auction on October 29. 
 
 
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Bylong Park, Upper Hunter brood mare farm listed 

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Baerami House Farm, a historic property in the Upper Hunter region of New South Wales, has been offered for sale via online auction. 
It is expected to sell in a range of $3.75 million to $4.25 million.
Surrounded by the Wollemi National Park, the Georgian-style sandstone homestead at <a href="https://www.realestate.com.au/property-livestock-nsw-baerami+creek-700055758" target="_blank">300 Baerami Creek Road, Baerami Creek</a> is described as a home among the gum trees.
Originally a property of some 20,000 acres, today the north-east facing homestead sits on 797 acres with an additional 158 acres of adjoining Crown Land.
The property was taken up in the 1830s by Emmanuel Hungerford – later gifted to his son in 1852, Australian pastoralist, politician and at one stage reputedly the country’s largest landholder, Thomas Hungerford.
Other past owners include the Martindale White Bros., the MacFarlane family, and more recently barrister Douglas Staff QC.
The current owners having held the property for the past 17 years.
The two storey homestead was constructed in 1875 from locally quarried sandstone and is described as the ‘jewel in the crown’.
It comprises four bedrooms, large formal sitting/library, dining, eight open fireplaces and renovated kitchen.
Additional guest accomodation include the attached studio accommodation/office and adjoining self-contained three bedroom weatherboard cottage. 
<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/2019/10/14/baerami%20creek%204.jpg" alt="">
Baerami House is currently operating as a commercial Angus beef cattle breeding and fattening farm. 
The improvements include large shed/workshop, four stable horse complex and steel cattle yards. 
The property is located 30 kilometres from Denman, 125 kilometres from Mudgee and 160 kilometres from Newcastle.
<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/2019/10/14/baerami%20creek%203.jpg" alt="">
It has been scheduled for online auction on November 12. 
Chris Meares and Sam Johnson of Meares &amp; Associates Edgecliff have the listing. 
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Baerami House Farm in the Upper Hunter region listed for sale via online auction

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The Hunter, followed by Geelong are the hottest auction markets as the spring selling season comes to a close.
The Gold Coast and Blacktown are the weakest regions when it comes to auctions held on the November 25 weekend.
<img src="https://www.urban.com.au/images/2017/11/27/CoreLogic%20Table%20Data.png" alt="" width="412" height="611">
One of the houses sold at the weekend auction was a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-merewether-126920430" target="_blank">6 Dent Street, Merewether</a> (picture above) that was sold under the hammer for $1,450,000.
Overall, auction volumes increased week-on-week returning a preliminary clearance rate of 66.9 per cent.
There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.
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jonathanchancellor-7SQnKwU6yx

The Hunter and Geelong remain spring 2017 auction powerhouses: CoreLogic 

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The Hunter region had scored the highest regional weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that 90 percent of the 20 auctions in the region were cleared.
This was followed by Wollongong with 75 percent and Geelong with 71.9 percent.
<a href="https://www.propertyobserver.com.au/images/2017/08/15/Screen%20Shot%202017-08-15%20at%2010.50.21%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/15/Screen%20Shot%202017-08-15%20at%2010.50.21%20am.jpg" alt="">
Gold Coast had the lowest clearance rate with only 30% of its auctions cleared.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-raymond+terrace-122661038" target="_blank">1 Dean Avenue</a>, Raymond Terrace (above) was sold for $315,000.
Built in 1970 it last sold for $262,000 in 2015.
Another three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-hamilton-125935562" target="_blank">169 Beaumont Street</a>, Hamilton (below) was sold for $925,000.
It last sold in 2003 for $450,000.
<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/2017/08/15/169%20Beaumont%20Street.jpg" alt="">
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Hunter region scores weekend auction clearance rate of 90 percent: CoreLogic

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The Hunter region had the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that the Hunter region had an auction clearance rate of 77.8% out of its 35 auctions.
This is followed by Wollongong with 77.3% and Geelong with 69%.
<a href="https://www.propertyobserver.com.au/images/2017/06/05/Screen%20Shot%202017-06-05%20at%2010.54.52%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/05/Screen%20Shot%202017-06-05%20at%2010.54.52%20am.jpg" alt="">
Gold Coast had the lowest auction clearance rate with only 32.4% of its 56 auctions successfully cleared.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-merewether-125356950" target="_blank">7/2 Scenic Drive</a>, Merewether (above) was sold for $740,000.
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