Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Launceston

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Hatherley House, one of Launceston's oldest properties, has been listed for sale following a conversion by its architect owners.
The 1870s Italianate home was bought for $1.91 million in 2011 by architect couple Jack and Rebecca Birrell from Birrelli art + design who converted the manor into a boutique art hotel.
It's been trading as Hatherley Birrell Collection, which has eight bedrooms.
It sits in 1,730 square metre gardens.
A mythical griffin's head dates from the family crest of the 1870s owner, Henry Dowling, and can be seen at the entry gate and also in a stained glass window in the grand hall.
Tasmania Sotheby's agents Gayle Walker and Jake McIntyre have the listing.
This article was first published in the Weekend Australian.  
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Hatherley House, one of Launceston's oldest properties, listed

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Launceston is continuing to record positive price movement, albeit at a more subdued rate than 2018, according to a recent Herron Todd White (HTW) residential report. 
"We would suggest it is unlikely double-digit growth will be recorded this year, however it may not be far under," the valuation firm said. 
A townhouse situated in the heart of Launceston City recently sold for $700,000 (pictured above).
As an exceptional example of early Launceston architecture, the circa 1840s townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-tas-launceston-130604134" target="_blank">110 Cameron Street </a>comes with two living rooms, four bedrooms upstairs and north facing paved courtyard.
It was last sold at $455,000 in 2005.
"Interestingly, the activities of a Queensland based buying advocate firm acquiring residential property on behalf of SMSFs have resulted in a number of rentals being available," the report said.
"The vacancy rate has lifted a few points as a result and we are seeing a stabilisation of rental growth." 
<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/2019/7/10/launceston%202.jpg" alt="">
A fully furnished and fully renovated two bedroom unit in Launceston is currently on the rental market with a price of $450 per week (pictured above). 
The unit at<a href="https://www.realestate.com.au/property-unit-tas-launceston-426784470" target="_blank"> 4/43-47 Elizabeth Street </a>comes with large open plan living, two bedrooms, modern kitchen and secure parking space. 
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j.ballantyne1990-6AQqhLzZaK

Launceston sees positive price movement: HTW residential 

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Glenfruin, an iconic Italianate style residence located within Launceston's city centre, has been sold for $3.25 million to buyers who've relocated to the Apple Isle from Sydney.
It was offered by Mathew Chugg and Rodney Rawlings from Knight Frank Tasmania.
Built in the 1880s on 1,482 sqm and set over three levels, Glenfruin at <a href="https://www.realestate.com.au/property-house-tas-launceston-129370374" target="_blank">1 Brisbane Street </a>combines elegant original features with the demands of contemporary living. 
Glenfruin has a floorplan of 458 sqm.
<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/2018/10/16/launceston%202.jpg" alt="">
It comes with four queen-sized bedrooms, gourmet kitchen with red marble bench living and dining rooms with expansive views, north-facing balcony, cellar and storage.
Other features include terraced garden, hydronic heating, double glazing, reverse cycle air conditioning, and double carport plus six extra car parking.
The suburb's median house price sits at <a href="/developments/launceston-tas-7250">$485,000</a>, according to CoreLogic. 
 <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/2018/10/16/launceston%203.jpg" alt="">
Glenfruin was listed with offers due October 19.  
The sale of 1 Brisbane Street is the highest priced residential sale of the town, just surpassing a Claremont Street home sold for $3.05 million seven years ago.
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Sydney buyers secure historic Launceston trophy home for $3.25 million

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Glenfruin, an iconic Italianate style residence located within Launceston's city centre, has been relisted for sale.
It last sold for $3.25 million to buyers who relocated to the Apple Isle from Sydney.
Built on 1,482 sqm and set over three levels, Glenfruin at <a href="https://www.realestate.com.au/property-house-tas-launceston-129370374" target="_blank">1 Brisbane Street </a>combines elegant original features with the demands of contemporary living. 
Glenfruin has a floorplan of 458 sqm.
Glenfruin was designed by Launceston architect, Thomas Tandy, in the early 1900s for Launceston draper and clothier George Colville McKinlay.
It is mentioned in Eric Ratcliff's book A Far Microcosm: Building and Architecture in Van Diemen's Land and Tasmania.
<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/2018/10/16/launceston%202.jpg" alt="">
It comes with four queen-sized bedrooms, gourmet kitchen with red marble bench living and dining rooms with expansive views, north-facing balcony, cellar and storage.
Other features include terraced garden, hydronic heating, double glazing, reverse cycle air conditioning, and double carport plus six extra car parking.
The last sale of 1 Brisbane Street is the highest priced residential sale of the town, just surpassing a Claremont Street home sold for $3.05 million nine years ago.
It was last sold by Knight Frank.
Its current vendor Bronwyn Shakespeare, who she had decided to sell the property so she could travel more to see her four adult children who live in different places around the world, has engaged estate agent Rodney Rawlings to sell it again.
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Historic Launceston trophy home Glenfruin listed

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Glenfruin, an iconic Italianate style residence located within Launceston's city centre remains listed on the market after failing to sale via an expressions of interest campaign.
It is being offered by Mathew Chugg and Rodney Rawlings from Knight Frank Tasmania.
Built in the 1880s on 1,482sqm and set over three levels, Glenfruin at<a href="https://www.realestate.com.au/property-house-tas-launceston-129370374" target="_blank"> 1 Brisbane Street </a>combines elegant original features with the demands of contemporary living. 
<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/2018/10/16/launceston%202.jpg" alt="">
It comes with four queen-sized bedrooms, gourmet kitchen with red marble bench living and dining rooms with expansive views, north-facing balcony, cellar and storage.
Other features include terraced garden, hydronic heating, double glazing, reverse cycle air conditioning, and double carport plus six extra car parking.
The suburb's median house price sits at <a href="/developments/launceston-tas-7250">$485,000</a>, according to CoreLogic. 
 <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/2018/10/16/launceston%203.jpg" alt="">
The expression of interest for Glenfruin ended October 19 but it remains on market..  
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Three level Launceston trophy home remains on the market

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An iconic 1840s heritage building in Launceston is on the market with a price guidance of $2.85 million to $2.95 million.
<a href="https://www.realestate.com.au/property-unitblock-tas-launceston-128779082" target="_blank">Kinross House</a> at 91-95 George Street is a mixed commercial and residential building in the city’s café enclave.
It currently has nine apartments and four retail tenancies with a net rental of approximately $169,438.
The marketing suggests the building has “a unique fusion of architectural styles acquired over the years”.
It also suggests that it would be a target for investors looking for Airbnb rentals or a boutique hotel conversion.
The building is listed through Shepherd &amp; Heap agents Blake Shepherd and Ian Singline.
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jonathanchancellor-7SQnKwU6yx

Launceston's Kinross House hits the market with boutique hotel conversion potential 

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South Launceston experienced the biggest stock decrease in Tasmania over the past year according to Investar.
Investar suggests stock for sale has decreased by 66 percent, from 59 houses this time last year to its current 20 offerings. 
One three bedroom house currently on the market is an Eastbourne Street offering which is priced at $339,000.
The <a href="https://www.realestate.com.au/property-house-tas-south+launceston-122514694" target="_blank">2A Eastbourne Street</a> house came with three bedrooms and a living room with full-length sliding glass doors.
 It is within close proximity of local shops and conveniences, and a short drive from the LGH and CBD.
Another offering is a two bedroom house at<a href="https://www.realestate.com.au/property/263-wellington-st-south-launceston-tas-7249" target="_blank"> 263 Wellington St</a>, priced at $260,000 to $280,000 (pictured below).
<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/2018/2/20/launceston.jpg" alt="">
This cottage came with double car garage. 
LGH, Dr Surgeries, Charles St restaurant strip and the CBD are within short walking distance. 
Another three bedroom house has been recently sold for $385,000. It was sold by David Parry and David Burgess from Parry Property. 
<a href="https://www.realestate.com.au/sold/property-house-tas-south+launceston-127178918" target="_blank">The 2/3-7 Chungon Crescent </a>house came with three bedrooms, two bathrooms and undercover carport. It is also within minutes walk of the LGH, Charles Street cafe precinct and the CBD.
Investar puts it the suburb median rental at $300. 
The median house price sits on $279,500, according to CoreLogic. 
 
 
 
 
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South Launceston faces big stock decrease in homes for sale

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Launceston has an oversupply of industrial properties relative to demand, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that Launceston has a steady rental vacancy trend along with a stable rental rate trend.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.44.01%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/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.44.01%20am.jpg" alt="">
However Launceston’s industrial sales is declining despite the market rising, the firm says.
Launceston’s economic situation is flat with significant value difference between quality properties with national tenants and comparable properties with local tenants.
A 855 square metre industrial warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-tas-launceston-502323710" target="_blank">6/16 - 18 Goodman Court</a>, Launceston (above) has been listed for sale.
Similarly a 1733 square metre industrial warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-tas-launceston-502301290" target="_blank">2/7 - 9 Wilmot Street</a>, Launceston (below) has been listed for $850,000.
<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/2017/03/21/27-9%20Wilmot%20Street.jpg" alt="">
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Oversupply of industrial properties in Launceston: HTW

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Launceston’s established residential suburb of Newstead is worth keeping an eye on this year, according to HTW’s February 2017 update.
It is located approximately three and a half kilometres from Launceston’s centre and the valuation firm says it is popular with families due to its proximity to the city and its facilities.
The median sale price based on recent sales in this suburb was $325,000.
“For a touch above the median price at $340,000, you could expect to purchase an older style, 140 square metre house on just under 600 square metres of land,” the report says.
The Devonport region is the largest population centre in Tasmania’s north-west and is located approximately 100 kilometres north-west of Launceston.
“The median price of recent sales was $227,000, for which you could expect to buy an older style, 150 square metre house in Devonport on a block just under 800 square metres,” says HTW.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-124669878" target="_blank">20 Olive Street</a>, Newstead (above) has been listed for between $299,000 to $329,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-newstead-124658554" target="_blank">3 Wentworth Street</a>, Newstead (below) has been listed for over $349,000.
<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/2017/02/21/3%20Wentworth%20Street.jpg" alt="">
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Newstead property a top tip for 2017 in northern Tasmania: HTW

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Claremont, built circa 1843, is one of the prized Tasmanian residential jewels.
Located at <a href="https://www.realestate.com.au/property-house-tas-east+launceston-122035162" target="_blank">13 Claremont Street, Launceston</a>, it is hidden away amongst the seclusion of the 100 year old trees.
The home, set on one and half acres of gardens, has 100 squares of living space that has retained its distinctive mid-nineteenth century features.
<a href="https://www.domain.com.au/13-claremont-street-east-launceston-tas-7250-2009462054" target="_blank">Since it last sold for $1,550,000 in early 2012 empty</a>, (below) Claremont has been given roof, plumbing and wiring upgrades.
<img src="/images/2016/03/23/l1.jpg" alt="" width="561" height="362">
The residence comprises seven bedrooms, three bathrooms, and three powder rooms.
<img src="/images/2016/03/23/l2.jpg" alt="" width="576" height="350">
The whole upper level is a dedicated, private parent’s retreat with sunroom and views across the grounds. 
<img src="/images/2016/03/23/l3.jpg" alt="" width="616" height="380">
Mark Bushby and Eric Andersen of Bushby Property Group have the offering.
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