The final apartments in the most recently completed new development in Balwyn present some of the largest and most exclusive ever delivered in one of Melbourne’s most established and character-rich neighbourhoods.

Boutique developer&nbsp;<a href="https://www.apartments.com.au/developers/wulff-projects">Wulff Projects</a>,&nbsp;alongside partner <a href="https://www.apartments.com.au/developers/pga-group">PGA Group</a>, has just finished <a href="https://www.apartments.com.au/buildings/threadneedle-balwyn-1-5-threadneedle-street-balwyn-vic-3103">Threadneedle</a>, 17 home-sized residences designed completely for the owner-occupier.

Named after its location on Threadneedle Street, the new project has been shaped by the heritage fabric of Balwyn. It offers two low-rise buildings of eight and nine apartments respectively, designed to emulate traditional standalone homes.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355582]

John Scaramuzzino, Director at <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, explains the design intention.

“Given the quiet residential character of the street with many homes dating back to the 1930s and 1940s, we approached Threadneedle wanting to appear less as a collection of apartments and more as a traditional residence. This led to creating not one but two buildings that could “breathe” with larger garden-based apartments functioning more like small homes.”

[smartcode_project:default project_id=27816 project_image_fid=355605]

The north-facing residences are nestled among extensive landscaped gardens by Ben Scott Garden Design, with over one-third of the site dedicated to greenery. The resulting setting is one of calm seclusion, where architecture and landscape work in tandem to offer immediate liveability.

With construction now complete, the final apartments include a top-floor, single-level penthouse residence priced from $2.8 million. This home offers three bedrooms, a dedicated study, two bathrooms plus powder room, and three car spaces with an oversized storage room.&nbsp;

Interiors prioritise spatial comfort and natural light, with three-metre-high ceilings, oversized internal doors and a full-width terrace oriented to the north, east and west.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355604]

Floor-to-ceiling double-glazed windows ensure thermal performance across seasons, supported by automated external blinds, zoned heating and cooling, and a fireplace for added ambiance.

Each apartment has been individually designed to maximise privacy and garden outlooks. Kitchens combine refined finishes with practical considerations: stone benchtops, butler’s pantry, full-height joinery and concealed rangehoods.&nbsp;

The inclusion of dedicated home offices responds to contemporary living patterns, while bathrooms feature sculptural bathtubs and brushed nickel fixtures.&nbsp;

[smartcode_project:default project_id=27816 project_image_fid=355590]

Threadneedle also integrates best-practice sustainability measures, achieving a 7 Star average NatHERS rating. Initiatives include solar PV systems, rainwater harvesting for toilet flushing and irrigation, and high-performing building insulation. These elements enhance daily comfort while reducing ongoing maintenance and energy demand.

"We believe Threadneedle sets a new standard of design excellence and building quality for Balwyn,"&nbsp;Scaramuzzino added.

"It’s an architectural response we’re particularly proud of, and one we’re sure residents will be equally proud to call home."

[smartcode_project_cta:default project_id=27816]

Staff Writer

Final homes remaining as Threadneedle, Balwyn completes construction

Joel Robinson

Sydney's top 15 new apartments developments set to launch in 2026

Developer-builder <a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a> has pushed beyond the now-standard inclusions of rooftop pools and landscaped podiums at its recently launched new Epping project, Senso.

It has laid out over 4,000 sqm of resident-only amenity in a move designed to compete directly with low-density housing on livability, not just density. The result is a development that supports genuine daily use through purposeful spaces distributed across its five-building, 479-apartment precinct.

[smartcode_project:default project_id=134954 project_image_fid=4396]

Two rooftop pools form the anchor of Senso. One is a 27-metre lap pool adjoining a heated spa, designed for everyday fitness rather than just summer leisure. The second sits on a lower podium, allowing different buildings to share in vertical access and reducing crowding during peak times.

It is the secondary spaces that start to distinguish Senso from other large-scale suburban projects. A rooftop cinema is integrated into a landscaped terrace, offering open-air screenings with natural ventilation and passive cooling.&nbsp;

The inclusion of a “sensory walk”, an elevated boardwalk that threads through the site, suggests a rare investment in non-commercial, non-essential amenity: space for quiet movement that doesn’t double as access or traffic circulation.

[smartcode_project:default project_id=134954 project_image_fid=4402]

The gym and wellness centre, often relegated to a small ground-floor room in many builds, takes on more substance here. Residents have access to a fully equipped gym, as well as outdoor yoga areas and meditative zones that integrate greenery and natural light.&nbsp;

The Club Lounge is similarly designed to support multiple use cases, with a private dining terrace, kitchenette, workspace, and lockable wine storage. These aren’t superficial additions; their scale and spatial allocation indicate serious intent for frequent resident use.

[smartcode_project:default project_id=134954 project_image_fid=4391]

Importantly, Senso’s amenities are embedded within a site that spans more than 10,000 sqm, allowing for better separation between spaces and reduced noise spillover, a critical but often overlooked factor in high-density developments. This spatial generosity also enables multiple alfresco kitchens and communal terraces without compromising individual privacy or usable space.

While many developments make claims about lifestyle, few back it with this level of built infrastructure. Senso’s mix of dedicated fitness, wellness, social and passive green spaces suggests a conscious response to the post-pandemic shift in housing expectations, especially among owner-occupiers.&nbsp;

DASCO is one of several leading developers who have taken out Resilience Insurance's Latent Defects Insurance policy, providing buyers with a 10-year structural and waterproofing warranty, and giving them the ultimate peace of mind.

Senso is scheduled for completion in late 2028.

[smartcode_project_cta:default project_id=134954]

The outdoor amenities elevating life at Senso, Epping

Following the proposal by the Minns Labor Government to rezone Parramatta Road to create up to 8,000 new homes, prominent developer Ceerose has gone to the NSW Gov to increase the density of its new mixed-use residential building in Leichhardt.

<a href="https://www.apartments.com.au/builders/ceerose">Ceerose</a>, founded by Edward Doueihi nearly three decades ago, has filed plans for 154 apartments above ground-floor retail at 307-315 Parramatta Road, a key corner site near Norton Street, the main high street strip in Leichhardt.

It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="ba1ae75b-5f08-43fb-b8d5-3de6d9f6ef71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.39%E2%80%AFAM.png?VersionId=yA3hBBLPH4ev7MsAE0_hieXeqiFqBUb7" />

The project is being advanced through the State Significant Development (SSD) pathway, with concurrent rezoning sought to facilitate the proposal. The 10-storey development would rise over a four-level basement and deliver two retail tenancies, one a larger-format offering and the other a smaller “hole in the wall” space, addressing the Parramatta Road frontage. 21 of the apartments are dedicated as affordable housing.

According to the Urban Design Report by Architecture AND, the scheme includes a podium and tower configuration, with a fine-grain, two-storey parapet street wall that references the traditional shopfront rhythm along the corridor. “An elegant tower form is proposed, combined with a characterful two storey frontage... articulating it as two related buildings, providing consistency with the rhythm and grain of Parramatta Road,” the report notes.

The residential component is split across two slender towers set back from the street edge, a design move aimed at preserving solar access and reducing perceived bulk. This massing strategy also seeks to improve residential amenity by focusing scale toward the quieter northern interface, away from Parramatta Road’s noise and pollution.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="347f2f8f-5d36-4388-b40a-2e77380b9c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.02%E2%80%AFAM.png?VersionId=xvyUE2ujT1lzivXTo.mHBJFF4SmfgLtz" />

Architecture AND has worked with Ceerose on previous Inner West projects, and cites a deep familiarity with the local character. Their design draws heavily on context, heritage, and sunlight access considerations, and engages with the Inner West Council’s “Our Fairer Future” strategic planning framework.

The site spans 2,712 sqm and is located near key intersections with Catherine Street, Hay Street, and Redmond Street. It adjoins a public carpark to the north and is within walking distance of Stanmore and Petersham stations. It is also flagged in state and local planning strategies, including the Parramatta Road Corridor Urban Transformation Strategy, as a suitable candidate for increased density.

Ceerose recently completed The Alex Collective on McEvoy Street in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay.

The Parramatta Road corridor is coming to life with the proposed rezoning which is serviced by a significant number of bus, light rail and train routes.

Deicorp is progressing with its $1.8 billion <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> precinct on Parramatta Road in Five Dock, as is <a href="https://www.apartments.com.au/news/nsw/toga-to-push-on-with-five-dock-mixed-use-masterplan">TOGA further down the street</a>. Those two projects alone will bring nearly 2,000 new homes to Parramatta Road.

First look: Ceerose plots mixed-use Leichhardt development on Parramatta Road

North Sydney's landmark 'SBS Building' on Alfred Street is set to be demolished to make way for a new mixed-use residential tower in the booming North Sydney.

Commercial property group FiveX is behind the plans for a <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">39-storey tower</a>, the latest project to advance under the NSW Government’s Housing Delivery Authority pathway.

They are proposing 184 apartments above retail spaces, which will replace the existing 20-storey commercial building. FiveX was set up more than five decades ago by Joshua and Marko Berger. It is currently led by Joshua's son Lesli.&nbsp;

<img alt="First look: Fivex plans 39-storey residential tower at 275 Alfred Street, North Sydney" data-entity-type="file" data-entity-uuid="2efa0980-53fa-4cca-9f9e-9c3c845d4746" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29%20%281%29_0.png?VersionId=y_YyPMq3NQLfYRs84pP4os9UgWiMLp75" />

According to the Architectural Design Report by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>, the slender tower form has been deliberately designed to respect the site's transitional setting at the southern gateway to the North Sydney CBD, where high-rise towers give way to lower-scale residential precincts.

"The slender tower form and articulated podium establish a respectful relationship with nearby heritage and low rise buildings, including the Whaling Road Heritage Conservation Area,” the architecture firm noted, adding that the tower “completes a missing link in the urban fabric” while enhancing the Alfred Street streetscape.

The proposed building will include a mix of one-, two- and three-bedroom apartments, with 15 percent of the gross residential floor area allocated as affordable housing. There is an agreement already in place that those apartments will be managed by Evolve Housing.

The project aligns with broader state housing objectives, including the National Housing Accord target of delivering 1.2 million new homes by 2029. The Scoping Report filed with the State Significant Development Application (SSDA) suggests the site "presents no impediments to rapid delivery,” with construction able to commence within 12 months of receiving consent.

North Sydney has been one of the most popular suburbs in Sydney for new and off the plan apartment development, but hasn't had the supply to keep up with demand, until recently.

AURA by Aqualand was, for a long time, the only off the plan apartment building on the market. That completed last year, and has sold the majority of its 386 luxury apartments. Recently ALAND launched <a href="https://www.apartments.com.au/new-apartments/the-walden-173-179-walker-street-north-sydney-nsw-2060">The Walden</a> on the same street, selling over $100 million within just a few hours of its launch, while developer CASA also launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>&nbsp;in the same precinct.

First look: Fivex plans 39-storey residential tower in booming North Sydney

Hunter Valley

As the market continues to boom in the Hunter Valley, Australian-based property developers, WST Property has announced the acquisition of a 240-hectare residential site at Mount View Grange.

Nestled below the Broken Back Range, Bellbird North in the Hunter Valley, Mount View Grange is a master planned community with land blocks ranging from 450 sqm to 800 sqm.

Across more than 50 stages, the site will deliver in excess of&nbsp;1,650 detached homes with 1,500 lots over three precincts.

The community will also be home to a 3.11-hectare retail town centre, with anchor tenants and speciality stores, along with a significant amount of green spaces and parks, as well as walking and bike tracks that will link to the retail town centre, surrounding wineries, and Wollombi Road.

WST Property Group&rsquo;s Managing Director, Krenalin Moodley said the project is expected to attract the family and first home buyer market, with Mount View Grange within a short drive of schools, preschools and day care facilities, as well as parks, restaurants, and leisure activities.

<img alt="" height="976" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_10.55.50_am.png" width="1318" />

&ldquo;We are excited to mark our first residential project in the Hunter Valley, a region that we recognise as Australia&rsquo;s largest regional economy and a region that is forecast to boost incomes and living standards on the East Coast, making it an ideal location for families and first home buyers,&rdquo; said Moodley.

Located just minutes from Cessnock Town Centre, the Hunter Expressway and the M1, the residential site also provides affordability, amenities and accessibility to Sydney.

The Hunter region has continued to boom and experience strong growth.

The 2021 census revealed the combined population of the region was 682,465, and is expected to reach over 1,000,000 people by 2031.

While the majority of growth was experienced in Greater Newcastle, the City of Cessnock population has almost tripled from 21,725 residents in 2016, to 63,020 residents in 2021.

&ldquo;Our goal is to deliver our vision of quality master planned communities to our customers, in regions that provide a wonderful opportunity for families and first-time home buyers looking to purchase homes that offer affordability and alluring convenience close to transport, schools, and workplaces,&rdquo; Moodley added.

The privately owned, broad base company has a current pipeline ranging from light industrial, business parks, retail town centres, and SEPP 5 retirement living, with Mount View Grange the flagship greenfield residential project for WST Property Group.

Nestled below the Broken Back Range, Bellbird North in the Hunter Valley, Mount View Grange is a master planned community with land blocks ranging from 450 sqm to 800 sqm.



alisonwarters@gmail.com

 WST Property Group acquires first masterplan site, Mount View Grange in the Hunter Valley

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Hunter Valley house sales up over 11%: CoreLogic's Q3 Regional Report

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Famed trophy stud property Luskin Park along with its entire bloodstock holdings in the Hunter Valley, Luskintyre has been sold for $2,250,000.
It was purchased by the company of Matthew C Smith, the Warwick Farm-based horse trainer and his wife, Melissa.
The decision to sell the entire bloodstock holdings of Luskin Park Stud came after the death of the of proprietor Paul Whelan last October.
It was the birthplace of champions including Golden Slipper winner Luskin Star and more recently the G1 winners Foxwedge and Rock Classic.
The homestead, located at 110 Knockfin Road, was on a 46-hectare holding on the bank of the Hunter River, located a two-hour drive north of Sydney.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%203.13.11%20pm.png" alt="">
It was expected to sell for between $2.5 million and $3 million.
The property, historically a thoroughbred stud, also offers high quality grazing land suitable for running cattle or growing lucerne.
 
 
 
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Hunter Valley trophy stud, Luskin Park sold

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Meerea, a Hunter Valley retreat nestled at the base of the Wollemi National Park sold for $1,725,000.
The Wambo Road property in Bulga sat on 110 hectares in two separate titles. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2012.57.00%20pm.png" alt="">
Previously operated as Pescher's Wines, the homestead has been renovated by the current owner 
The home comprises three bedrooms, three living areas, formal lounge, theatre room, kitchen, study and sunroom.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2012.57.07%20pm.png" alt="">
It features enclosed entertaining area, outdoor BBQ, verandahs, outdoor bath and ground salt pool. 
Meerea also includes frontage to Hayes Creek, wells and dams, 30 acres of vines, machinery sheds and double garage. 
Scott Bailey of Bailey Property and Livestock held the listing.
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Meerea, a Hunter Valley retreat, has sold for $1,725,000

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Glen grove, a lifestyle home situated in a quiet pocket of the Hunter Valley, has been sold for $1.1 million earlier this year. 
Sitting on a 2.6 ha parcel, the Glendon Lane property is surrounded by established gardens, offering privacy.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2011.53.54%20am.png" alt="">
The homestead comes with five bedrooms, three bathrooms, several living spaces with views of the Hunter.
A screened Queensland room off the living room also encompasses an entertainers' dream property.
There is another self-contained cottage comprises its own bedroom, ensuite and living quarters.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2011.53.48%20am.png" alt="">
 It also features courtyard, fountain, large sheds, two bay garage and dam. 
The property is located within an hour from Newcastle and two hours from Sydney. 
Dan Jurd of Jurd's Real Estate Cessnock sold the property. 
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Glengrove, a lifestyle home in the Hunter Valley, quietly sold for $1.1 million

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The Hunter Valley (excluding Newcastle) has witnessed a 7.7% increase in its annual dwelling sales over the 12 months to April, according to the latest CoreLogic Regional Market Update. 
The property data firm suggests Hunter Valley has recorded 6,108 dwelling sales over the year, with a 8.9% increase in its house sales. 
The unit sales has declined by 1.2% over the same period. 
<a href="https://www.propertyobserver.com.au/images/2020/5/28/hunter%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2020/5/28/hunter%201.jpg" alt="">
Source: CoreLogic 
The property data firm says the region's unit values have declined by 1.8% over the year. 
Its current median unit value sits at $330,262.  
Its median house value has increased by 2.1% over the same period to $444,639. 
A Corlette unit situated opposite the beach was sold for $345,000 in February. 
The <a href="https://www.realestate.com.au/sold/property-unit-nsw-corlette-132819014" target="_blank">2/161 Bagnall Beach Road </a>home (pictured below) comprises three bedrooms, two bathrooms and double garage. 
The ground floor unit is situated within a complex with a swimming pool. 
<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/2020/5/28/corlette.jpg" alt="">
A three bedroom house in Metford has recently been sold for $450,000.
The family home at <a href="https://www.realestate.com.au/sold/property-house-nsw-metford-132966110" target="_blank">24 Foveaux Crescent</a> (pictured below) features modern living area, family dining room, well-equipped kitchen and alfresco deck. 
The property was last sold in 2014 for $350,000.
<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/2020/5/28/metford.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2020/5/28/hunter%202.jpg" target="_blank">Click here</a> to enlarge: 
<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/2020/5/28/hunter%202.jpg" alt="">\
Source: CoreLogic 
The vendor discounting sits at -4.5% for houses and -4.4% for units.
At the same time last year, vendor discounting was -4.3% for houses and -3.7% for units. 
The average days on market for both house and units have noticeably increased in the past 12 months. 
<a href="https://www.propertyobserver.com.au/images/2020/5/28/hunter%20valley.jpg" target="_blank">Click here </a>to enlarge: 
<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/2020/5/28/hunter%20valley.jpg" alt="">
Source: CoreLogic 
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Hunter Valley sees increasing annual dwelling sales: CoreLogic 

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The whisper is that international model Miranda Kerr liked Loggerheads, the trophy Hunter Valley vineyard, so much she has now bought it for about $7.5 million.
The Pokolbin estate includes a 36-year-old vineyard, plus the Michael Suttor-refurbished home­stead amid Paul Bangay landscaping. There’s a summerhouse, pool, orchard, vegetable garden and shiraz and gamay vines.
<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/2016/12/19/Hunter%20Valley-2.jpg" alt="">
It had been sold mid-June by Alan Rydge’s QT Hotels, who paid $6 million in 2016 when it was bought from the late Macquarie Bank co-founder Robin Crawford and his wife Judy. Crawford had purchased it from Trish Evans, the widow of winemaker Len Evans, for $5.15 million in 2008. It was owned by Tyrrell’s Wines before that.
<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/2016/12/19/Hunter%20Valley-3.jpg" alt="">
Kerr, now married to the Malibu-based billionaire Snapchat founder Evan Spiegel, rented the estate at Christmas 2015 when she spent time with her Gunnedah-based family, including restaurateur brother Matty, who at the time was running Nanna Kerr’s Kitchen, just down the road, with his then-fiance James Wright.
Sunflower Fun Pty Ltd, an Arnold Bloch Leibler law firm nominee ­company, is its mystery buyer.
This article was first published in the Sunday Telegraph.
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Miranda Kerr rumoured buyer of Loggerheads, Hunter Valley

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The British baron Robin Tedder and his wife Rita have put their Hunter Valley vineyard estate, Glenguin, up for sale.
It comes after 27 years of ownership.
Set on 28 hectares, the Broke estate at 997 Milbrodale Road has produced handcrafted trophy-winning wines.
<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/2020/5/25/glenguin%203.jpg" alt="">
<div class="_3MT_w " data-experiment-target="paywallPrompt" data-testid="PaywallPrompt">Robin and Rita Tedder retain a Clifton Gardens abode on Sydney’s Lower North Shore.</div>
Robin has a background in finance and investment and is chairman of Vintage Capital.
He is a director and co-founder of Blackwall Property Group, a subsidiary of WOTSO, one of Australia’s largest operators of co-working spaces.
He qualified as Australia’s 7th Master of Wine in 1997.
<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/2020/5/25/glenguin%202.jpg" alt="">
The estate has an architecture designed, master built homestead, with three adjoining pavilions with two towers.
There is a pool and an all weather tennis court.
The vineyard has been rated at 5 red stars in James Hallidays’ Wine Companion.
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British baron Robin Tedder lists Hunter Valley vineyard estate, Glenguin

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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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Hunter land values increased since July 2018

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A historic Hunter Valley pastoral estate built by convicts 190 years ago is for sale for the first time in nearly a decade.
The 100 acre, 26-room luxury heritage estate at 7 Range Road in Whittingham - known as ‘Baroona’ or locally as ‘The Castle’ - is one of Australia’s most renowned country estates.
Since it's construction by John Lanarch and Co in 1829 it has had only seven custodians, with the current owners, Tony and Gaylene Poke, putting the property up for sale after eight years of ownership via agents Deborah Cullen of Knight Frank Prestige and James Callinan of Colliers International Newcastle.
Ms Cullen said “The estate is in pristine condition – it has been beautifully maintained and recently upgraded by the current owners,” she said. “The refurbishment was designed to showcase Baroona’s stunning history and Victorian architecture while including a stylish blend of contemporary upgrades to create a ‘best in class’ luxury country estate,” she said.
Set on 100 acres of grazing country watered by seven dams and town water, it is on the doorstep of the lifestyle region of the Upper Hunter, situated just south of the Hunter Valley town of Singleton and only 15 minutes’ drive from the Pokolbin Wine Region.
Mr Callinan said the property would attract a wide range of buyers, from Australia and overseas.
She also suggested it would be suitable as a commercial venture.
The seven bedroom, five bathroom home is only an hour from Newcastle and its airport
Features include a deep and covered flagged sandstone verandah, carved double cedar front doors, a wine cellar (which was once used as holding cells), swimming pool and billiard room.
Aside from the main residence, outhouses include an observation tower, glasshouse, gate house, carriage house and Victorian gothic stable, which was the birthplace and final resting place for the famous race horse and winner of two Melbourne cups ‘Peter Pan’ between 1932 and 1934.
It is for sale via an expressions of interest campaign closing February 20.
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