<p>Sherpa Group is ramping up its investment in the southern Gold Coast by lodging a development application for <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, a new $350 million project in Coolangatta.</p>

<p>The move comes after the group’s $27 million acquisition of the 2,029 sqm site on the corner of Griffith and Warner Street, last year.</p>

<p>They will develop 194 apartments across a 26-storey tower, which will become Sherpa’s largest project to date.</p>

<p>Viveré will be the next chapter in the Flourish story, following closely behind Amargo, Oasis, and the Avenues in Palm Beach, as well as Symphony in Brisbane, all designed to deliver affordable housing in lifestyle-rich locations, giving locals a real chance to secure a residence close to the beachfront.</p>

<p>The HAL Architect-designed project will offer a diverse range of residences, from one-, two, and three- bedroom apartments to the premium Canopy range to luxury penthouses.</p>

<p><img alt="Vivere" data-entity-type="file" data-entity-uuid="c85f5a7e-a22f-4745-8def-400adb3c0b35" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.43%E2%80%AFAM.png?VersionId=OY.chur3BPExn1exQ2q8clHqWnW_CaBi" /></p>

<p>“The Gold Coast is undergoing a period of immense growth, with more people drawn to the incredible<br />
lifestyle that’s available, leading to strong growth in property prices,” said Christie Leet, founder of Sherpa<br />
Group.</p>

<p>“Our goal at Sherpa is to ensure locals are not priced out of the market in prime locations, which is why we<br />
created the Flourish collection.</p>

<p>“Flourish Vivere will form the next chapter in our portfolio, and we are so excited to be lodging the DA, marking our first project in Coolangatta.”</p>

<p>A signature of the Flourish developments is the communal rooftop. Flourish Vivere will showcase a private resident’s lounge, outdoor dining with barbecues and pizza ovens, heated pool, fully-equipped gym, and a wellness centre with sauna and steam room.</p>

<p><img alt="Vivere" data-entity-type="file" data-entity-uuid="c09372cc-aae6-4458-af2e-f291bd19a5e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.49%E2%80%AFAM.png?VersionId=Sc_RLXl5jiff.tnadogXjQJ_WIpDjf3p" /></p>

<p>The project is strategically located to offer a walkable lifestyle, with the Strand shopping centre, cafes, restaurants, shops and the beach, all just a short stroll away.</p>

<p>“We have meticulously planned Vivere to build on the Flourish legacy, creating a truly special project,”&nbsp;Leet added.</p>

<p>“Wellness, lifestyle and community are at the forefront of every decision we make, and that has not<br />
changed for Vivere.”</p>

<p>With the DA now lodged with the Gold Coast City Council, Sherpa has moved quickly to secure LPS Group as the builder, offering buyers a level of certainty that is rarely seen in today’s market.</p>

<p>Sherpa has delivered 16 residential projects over the past seven years with a pipeline of $1 billion, with more under construction.</p>


Joel Robinson

Sherpa takes Flourish brand to Coolangatta, lays plans for Flourish Vivere 

<p>S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.</p>

<p>The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m.<br />
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.</p>

<p>The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.</p>

<p>“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.</p>

<p>“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”</p>

<p>The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.</p>

<p>The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.</p>

<p>“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.</p>

<p>“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.”</p>

<p>The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.</p>

<p>The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.</p>

<p>Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.</p>

<p>“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.</p>

<p>“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.</p>

<p>“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”</p>

<p>S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.</p>

<p>“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.</p>


S&S buys $20m Rainbow Bay site for fifth beachside apartment project

<p data-end="268" data-start="86">Japandi, an emerging design trend that combines Scandinavian functionality with Japanese rustic minimalism, remains relatively untested in Australia’s residential development market.</p>

<p data-end="545" data-start="270">As developers look to differentiate their projects and offer something distinct to buyers, Brisbane-based developer Lantona has embraced the hybrid style for its recently launched Toowong apartment project, <a href="https://www.apartments.com.au/new-apartments/koya-residences-6-josling-street-toowong-qld-4066">Koya Residences</a>, with early response to the design proving positive.</p>

<p data-end="1014" data-start="547">Lantona entrusted Red Door Architecture and interiors practice Luma Design Co with delivering the Japandi brief. The approach blends Japanese minimalism with Scandinavian functionality, emphasising warm, restrained interiors, natural materials and clean lines. Drawing on the Japanese concept of <em data-end="855" data-start="844">wabi-sabi</em> (beauty in imperfection) and the Scandinavian principle of <em data-end="922" data-start="915">hygge</em> (comfort and cosiness), it creates serene, uncluttered and sustainable living environments.</p>

<p data-end="1200" data-start="1016">These design principles are expressed throughout the Josling Street development, both in its exterior form and across the 40 one-, two- and three-bedroom residences within.</p>

<p data-end="817" data-start="541">[smartcode_project:default project_id=150787 project_image_fid=366229]</p>

<p>Koya reflects a deliberately scaled approach, with the five-storey form designed to align with the surrounding residential streetscape rather than dominate it.</p>

<p>“Koya is conceived as a building that sits comfortably within its surroundings. Every decision, from material selection to spatial planning, has been guided by long-term liveability and enduring relevance,” the developer said.</p>

<p>[smartcode_project:default project_id=150787 project_image_fid=366243]</p>

<p>Positioned within an established inner-west neighbourhood, the development sits near riverfront parklands and the Bicentennial Bikeway, while remaining within walking distance of Toowong Village and multiple public transport options connecting to the CBD, St Lucia and West End.</p>

<p>Lantona said the location was central to the project’s conception, pointing to Toowong’s balance of green space, transport access and proximity to major education institutions.</p>

<p>“<a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> combines river access, walkability, immediate CBD connection and a strong educational presence. That balance made it the obvious setting for Koya.”</p>

<p>[smartcode_project:default project_id=150787 project_image_fid=366230]</p>

<p>Communal amenity is concentrated on the rooftop, where a shared retreat will include a pool, dining areas and outdoor spaces oriented towards neighbourhood and city views. The design allows for both private use and small gatherings, extending the living environment beyond individual apartments.</p>

<p>Koya enters the market at a time when smaller-scale developments are becoming less common in established suburbs, with many recent projects in the suburb shooting for the sky.</p>

<p>In a nod of confidence,&nbsp;<a href="https://www.apartments.com.au/builders/brisbane-builders">Brisbane Builders</a>&nbsp;has already commenced construction on the building, which is slated for completion in early 2027. Keenan &amp; Byrne is marketing Koya.</p>

<p>[smartcode_project_cta:default project_id=150787]</p>


Japandi-inspired Koya Residences launch in Toowong

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:ca872054-bfe3-4cc5-a2c8-b373d4dfeafb-2" dir="auto">
<p>A completed Castle Hill apartment development is returning to market with an uncommon level of financial backing, positioning it as one of the more secure options for buyers in Sydney’s north-west.</p>

<p>Skyview in Castle Hill, originally developed by Top Place and now overseen by capital partner <a href="https://www.apartments.com.au/developers/equitifund-group">Equitifund</a>, is being relaunched following a full remediation process. Central to its repositioning is a substantial financial reserve designed to provide ongoing protection and reduce uncertainty for incoming purchasers.</p>

<p>At the core of this offering is an $11 million bond secured during the project’s remediation phase, negotiated by former NSW Building Commissioner David Chandler. With less than $4 million required to complete the works, approximately $7.2 million remains in reserve, with around 15 years left on the term.</p>

<p>[smartcode_project:default project_id=147685 project_image_fid=359134]</p>

<p>Rather than a typical insurance-backed structure, the remaining funds are held as cash, creating a readily accessible financial buffer should any future building issues arise. The structure is intended to provide buyers with an added layer of certainty, differentiating the development from more conventional apartment offerings.</p>

<p>Equitifund Executive Chairman Greg Huxley said the structure provides a level of security not typically seen in apartment developments.</p>

<p>“The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers,” Huxley said.</p>

<p>“Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind.”</p>

<p data-end="884" data-start="551">[smartcode_project:default project_id=147685 project_image_fid=359135]</p>

<p>The remediation process has now been completed in full, with no active rectification orders or outstanding directives linked to the project on NSW Government registers. This outcome reflects the broader tightening of building oversight across the state, while also highlighting the project’s transition into a completed, compliant asset.</p>

<p>In a market where many buyers remain cautious about apartment quality, initiatives like this are designed to restore confidence, giving purchasers greater certainty and a stronger sense of security in their investment.</p>

<p>Equitifund has since acquired the remaining apartments and is managing their reintroduction to the market. With the works finalised and a significant financial reserve in place, the project now presents with a markedly different risk profile compared to its initial release.</p>

<p>[smartcode_project:default project_id=147685 project_image_fid=359137]</p>

<p>Beyond the added security, the development is positioned in one of Castle Hill’s more established pockets. The Gay Street address places it within close proximity to Castle Towers, one of the country’s largest retail centres, as well as Castle Hill Metro Station, which now connects directly to the broader Sydney Metro network.</p>

<p>Equitifund National Sales Director Ben Hamblett said buyer demand in the area continues to be driven by access to transport and amenity.</p>

<p>“Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre,” Hamblett said.</p>

<p>“There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living.”</p>

<p data-end="1889" data-start="1564">[smartcode_project:default project_id=147685 project_image_fid=359145]</p>

<p>The apartments also enter the market at a relatively accessible price point for the area, with two-bedroom configurations starting from $995,000 and rental demand for similar stock reaching around $900 per week. This combination of pricing, connectivity, and completed status is expected to appeal to both owner-occupiers and investors seeking lower-risk entry into the Hills District apartment market.</p>

<p>For eligible buyers, a limited 3.50 per cent p.a. two-year fixed interest rate is currently available through Equitifund’s lending partners, providing an additional layer of affordability.</p>

<p><em>EquitiCredit Pty Ltd ACN 676 363 769 holds ACL 559289 and provides credit assistance. Finance is arranged through EquitiCredit and funded by its lending partners. Interest rates are subject to change and eligibility criteria apply. Terms, conditions, fees and charges may apply. This is not financial advice and should not be relied upon as such. Prospective buyers should seek independent financial advice.</em></p>

<p data-end="2131" data-start="1891">[smartcode_project_cta:default project_id=147685]</p>
</section>


Castle Hill apartments offering unmatched buyer protection through dedicated fund

<p data-end="236" data-section-id="18vtkcf" data-start="134">A State-Assessed Rezoning Proposal for the Kurnell Peninsula is now on public exhibition, setting out a plan to deliver up to 4,300 homes alongside new retail, tourism and public open space on a 210-hectare coastal site.</p>

<p data-end="643" data-start="460">The proposal, backed by the Minns Labor Government, would transform a former sand mining area along Captain Cook Drive into a mixed-use precinct delivered over approximately 20 years.</p>

<p data-end="844" data-start="645">In addition to housing, the plan includes more than 7,000 sqm of retail and commercial space, new community facilities and approximately 116 hectares of open space, equating to more than half the site.</p>

<p data-end="844" data-start="645"><img alt="Kurnell" data-entity-type="file" data-entity-uuid="ce1c6567-1df0-4de0-9fe5-a76be0367834" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.51%E2%80%AFAM_0.png?VersionId=dbbTmYaJvROA5fkQbgaxis8cmFwtpB5_" /></p>

<hr data-end="849" data-start="846" />
<h2 data-end="902" data-section-id="ony3l3" data-start="851">Rezoning framework enables mixed-use development</h2>

<p data-end="1094" data-start="904">The rezoning application seeks to amend planning controls under the State Environmental Planning Policy (Precincts—Central River City) and the Sutherland Shire Local Environmental Plan 2015.</p>

<p data-end="1356" data-start="1096">Its primary objective is to enable a broader range of land uses across the site, including residential, employment, tourism and community uses, while also formalising environmental protections and land management outcomes .</p>

<p data-end="1597" data-start="1358">The proposal has progressed through the state-led rezoning pathway after being identified as a project of regional significance, supported by several years of technical studies and agency consultation .</p>

<p data-end="1713" data-start="1599">Development would occur in stages, aligned with the progressive closure and remediation of the existing sand mine.</p>

<hr data-end="1718" data-start="1715" />
<h2 data-end="1768" data-section-id="krwii9" data-start="1720">Master plan structured around three precincts</h2>

<p data-end="1955" data-start="1770">The accompanying urban design report outlines an indicative master plan that divides the site into three primary precincts, anchored by a town centre in the western portion of the site.</p>

<p data-end="2150" data-start="1957">The town centre is planned as the first stage of development, located on land that has already been remediated. It is intended to accommodate higher-density housing, retail, and community uses.</p>

<p data-end="2150" data-start="1957"><img alt="Kurnell" data-entity-type="file" data-entity-uuid="4bfd5873-4847-4105-b220-0a30c96f5573" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.20.09%E2%80%AFAM.png?VersionId=7aVaSsZLAc6mElSH4g6Ct5bGsNxZcnPL" /></p>

<p data-end="2300" data-start="2152">Additional precincts extend toward Bate Bay and Boat Harbour, with built form responding to environmental conditions and proximity to the coastline.</p>

<p data-end="2490" data-start="2302">The design framework identifies distinct local character areas, with the master plan structured to reflect “unique natural qualities” across the site.</p>

<hr data-end="2495" data-start="2492" />
<h2 data-end="2544" data-section-id="1vitwqn" data-start="2497">Open space forms core of the design approach</h2>

<p data-end="2660" data-start="2546">A key component of the proposal is the allocation of approximately 116 hectares to open space and ecological land.</p>

<p data-end="2676" data-start="2662">This includes:</p>

<ul data-end="2846" data-start="2678">
	<li data-end="2702" data-section-id="d96caj" data-start="2678">Three district parks</li>
	<li data-end="2723" data-section-id="17y6uz6" data-start="2703">Nine local parks</li>
	<li data-end="2741" data-section-id="14hui00" data-start="2724">Sports fields</li>
	<li data-end="2778" data-section-id="ts7psx" data-start="2742">Coastal and ecological corridors</li>
	<li data-end="2846" data-section-id="agduax" data-start="2779">Two kilometres of publicly accessible beachfront along Bate Bay</li>
</ul>

<p data-end="2982" data-start="2848">The urban design report positions this open space network as central to the structure of the development, rather than ancillary to it.</p>

<p data-end="3116" data-start="2984">It is intended to support ecological regeneration, provide recreational amenity and create a connected network across the peninsula.</p>

<p data-end="3342" data-start="3118">The plan includes north–south ecological corridors, expanded wetland systems and pedestrian and cycling links designed to connect residential areas to the coastline and open space areas .</p>

<hr data-end="3347" data-start="3344" />
<h2 data-end="3381" data-section-id="ql66rt" data-start="3349">Housing mix and affordability</h2>

<p data-end="3467" data-start="3383">The proposal includes approximately 4,300 dwellings across a range of housing types.</p>

<p data-end="3563" data-start="3469">This includes high-density apartments, medium-density housing, townhouses and seniors housing.</p>

<p data-end="3688" data-start="3565">Affordable housing provision is identified at approximately 240 dwellings, alongside a smaller component of social housing.</p>

<p data-end="3872" data-start="3690">The master plan emphasises housing diversity, with the intent of accommodating a range of household types and age groups within the development.</p>

<p data-end="3872" data-start="3690"><img alt="Kurnell" data-entity-type="file" data-entity-uuid="d4baba4d-b5b0-4a86-bcad-5d319b036184" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.59%E2%80%AFAM.png?VersionId=udYFz0q8tjEPR3pmKLHRSFRJN4dKakPO" /></p>

<hr data-end="3877" data-start="3874" />
<h2 data-end="3919" data-section-id="rgckdv" data-start="3879">Built form controls and height limits</h2>

<p data-end="3994" data-start="3921">Proposed building heights across the site range from three to 12 storeys.</p>

<p data-end="4173" data-start="3996">These controls are set out within the rezoning application and are intended to manage visual impact, maintain view corridors and ensure compatibility with the coastal landscape.</p>

<p data-end="4387" data-start="4175">Floor space ratios and height limits are applied across different parts of the site to reflect varying environmental conditions and proximity to open space and the coastline .</p>

<p data-end="4543" data-start="4389">Higher density is generally concentrated within the town centre, with lower-scale development toward the coastal edge and environmentally sensitive areas.</p>

<hr data-end="4548" data-start="4545" />
<h2 data-end="4588" data-section-id="1minlda" data-start="4550">Retail, tourism and employment uses</h2>

<p data-end="4688" data-start="4590">In addition to residential development, the proposal includes retail, commercial and tourism uses.</p>

<p data-end="4704" data-start="4690">This includes:</p>

<ul data-end="4896" data-start="4706">
	<li data-end="4775" data-section-id="1jrun76" data-start="4706">Approximately 7,000–9,800sqm of retail and commercial floor space</li>
	<li data-end="4803" data-section-id="10kyifw" data-start="4776">A full-line supermarket</li>
	<li data-end="4830" data-section-id="fz1hdg" data-start="4804">Food and beverage uses</li>
	<li data-end="4896" data-section-id="1aqg2fj" data-start="4831">Tourism accommodation, including hotel and short-stay options</li>
</ul>

<p data-end="5045" data-start="4898">The proposal also identifies employment outcomes, with the development expected to support jobs both during construction and in ongoing operations.</p>

<p data-end="5137" data-start="5047">These uses are concentrated within the town centre and key activity areas across the site.</p>

<hr data-end="5142" data-start="5139" />
<h2 data-end="5172" data-section-id="162x2kt" data-start="5144">Infrastructure and access</h2>

<p data-end="5279" data-start="5174">The proposal includes upgrades to Captain Cook Drive, which provides the primary access to the peninsula.</p>

<p data-end="5362" data-start="5281">These upgrades are intended to improve traffic flow and support emergency access.</p>

<p data-end="5405" data-start="5364">The transport strategy also incorporates:</p>

<ul data-end="5529" data-start="5407">
	<li data-end="5433" data-section-id="fanquy" data-start="5407">Internal road networks</li>
	<li data-end="5469" data-section-id="o6y80y" data-start="5434">Walking and cycling connections</li>
	<li data-end="5529" data-section-id="jgraft" data-start="5470">Proposed public transport routes and bus stop locations</li>
</ul>

<p data-end="5718" data-start="5531">The rezoning report includes detailed analysis of transport, flooding, and infrastructure requirements to support the staged development of the site .</p>

<hr data-end="5723" data-start="5720" />
<h2 data-end="5769" data-section-id="14urh3" data-start="5725">Environmental and cultural considerations</h2>

<p data-end="5923" data-start="5771">The site is identified as having environmental and cultural significance, including areas of ecological value and Aboriginal archaeological sensitivity.</p>

<p data-end="6002" data-start="5925">The proposal includes measures to protect and enhance these areas, including:</p>

<ul data-end="6230" data-start="6004">
	<li data-end="6056" data-section-id="1pzyouo" data-start="6004">Retention and regeneration of coastal vegetation</li>
	<li data-end="6100" data-section-id="bjn2vz" data-start="6057">Strengthening of biodiversity corridors</li>
	<li data-end="6148" data-section-id="1bpeyoj" data-start="6101">Protection of riparian systems and wetlands</li>
	<li data-end="6230" data-section-id="lg0cka" data-start="6149">Integration of cultural interpretation and recognition of Indigenous heritage</li>
</ul>

<p data-end="6409" data-start="6232">The urban design report also outlines opportunities for incorporating Indigenous cultural elements into public spaces and landscape design.</p>

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">Next steps</h2>

<p data-end="6997" data-start="6910">The proposal is currently on public exhibition, with submissions open to the community. Feedback received during this period will inform the Department of Planning’s assessment of the rezoning.</p>

<p data-end="7223" data-start="7106">If approved, the rezoning would establish the planning framework for future development applications across the site.</p>

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">What the NSW Government says</h2>

<p>Minister for Planning and Public Spaces Paul Scully said the planned closure of the sand mine and remediation of the Kurnell Peninsula presents an exciting opportunity to transform the area.</p>

<p>“This proposal envisions a vibrant new beachfront community with thousands of new homes, jobs and great open space in the Sutherland Shire. I encourage the community to have their say during the public exhibition period. Feedback from the community will play an important role in the assessment of the proposal.”</p>


Sydney's newest beachfront city: NSW Gov to unlock 4,300 new homes on Kurnell peninsula

Mount Gambier

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<p><span>The investor market in Mount Gambier is currently strong with a mix of both local and out of town investors, according to the August Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm took a look at investor markets across the nation. </span></p>
<p><span>The report suggests properties in Mount Gambier are generally cheaper compared to say Adelaide or Melbourne. Paired with low interest rates and returns of approximately six to seven per cent, there is a much better return for property.</span></p>
<p><span>"After speaking with local agents, it is clear that the market in Mount Gambier has not slowed due to the effects of Coronavirus and while it was expected that rental prices would drop due to the increasing supply of short term rentals being listed as long term rentals, this has not deterred investors," the valuation firm said. </span></p>
<p><span>Houses have been hitting the market </span>and some are receiving offers within 48 hours, often at the asking price or higher, with many going to the highest and best offer.</p>
<p>Investors are generally after houses that present well and are low maintenance, within the price range of $200,000 to $350,000. The return for anything above this will likely not be as strong, the report noted. </p>
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<p><span>The government’s incentive to build has definitely spurred the market, with over 20 land sales in the popular Springview Drive division within the past couple of weeks, however this hasn’t been a huge benefit to investors as they cannot simply build and rent these houses out straight away on completion of the build.</span></p>
<p><span>"Within the Mount Gambier region, typical investors tend to invest in a mixture of units and detached houses, which are likely to be in the $150,000 to $250,000 price range.</span></p>
<p><span>"For depreciation benefits they also invest in new houses, ranging from $250,000 to $350,000," the valuation firm said. </span></p>
<p><span>A division popular with investors in Mount Gambier is the O’Leary Road division . An example of a recent sale within the division is below. </span></p>
<p><a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-133040070" target="_blank">3/20 O'Leary Road</a> (pictured below) is a small three-bedroom, one-bathroom dwelling with a single garage under the main roof, on an allotment of approximately 450 square metres. This property previously achieved a rental of $340 per week or a gross yield of 6.8 per cent.</p>
<p> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/mount%20gambier%201.jpg" alt=""></p>
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<p><span>In recent years the South Australian Housing Trust has also been selling off their unwanted Commission housing.</span></p>
<p><span> Typically these are older stone dwellings constructed in the 1950s </span>and 1960s offering three bedrooms, lounge, bathroom and laundry area. These Commission homes are typically good value and show a good return.</p>
<p>A semi-detached three-bedroom duplex at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-132470002" target="_blank">13 Schinkel Street </a>(pictured below) can be purchased for $100,000 to $130,000, with an achievable rental for these dwellings being around $190 to $200 per week.</p>
<p>This provides a gross yield of approximately ten per cent. The capital growth would not necessarily be good, and the quality of tenant may also be an issue, but the return is pretty competitive.</p>
<p>The property below sold for $109,000 and achieves a rental of $195 per week. This is a yield of 9.3 per cent.</p>
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<p><span>"It is expected that the investment market will remain strong within Mount Gambier for quite some time. </span></p>
<p><span>"With low interest rates, it is more beneficial for an investor to invest in property and achieve a good return for good value, rather than keep their money in the bank." </span></p>
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Mount Gambier investor market remains strong: HTW residential 

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

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<p>A six-bedroom, three-bathroom Ocean Grove sea-side home has sold through Fletchers for $3.6 million on July 16, 2020. </p>
<p>Situated on a 1,704 sqm block, the <a href="https://www.realestate.com.au/sold/property-house-vic-ocean+grove-132520978" target="_blank">148 Orton Street</a> property is tucked behind the sand dunes, some 100m from the beach. </p>
<p>Built with Mount Gambier limestone, the luxury home features a swimming pool in the central courtyard.</p>
<p>It comes with a roofed terrace, complete with kitchen, pizza oven, lounging area with an LCD TV. </p>
<p>The master bedroom showcases a ensuite with spa bath, twin vanities, large walk-in dressing room and a private courtyard garden. </p>
<p>The property was last sold for $807,500 in 2007. </p>
<p>A six-bedroom, four-bedroom home a few doors down was sold for $2.65 million last November. </p>
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Ocean Grove trophy home sold for $3.6 million

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<p><span>To date, there are still no clear indications of the impact of COVID-19 on property values in the Mount Gambier region, according to the June Herron Todd White (HTW) residential report. </span></p>
<p><span>The valuation firm suggests that in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month's HTW residential report highlights where renovations are on the rise and the price points and outcomes those markets can expect.</span></p>
<p><span>"Whilst the market has softened as a direct result of government enforced restrictions and general economic uncertainty, we are yet to see this reflected in any value correction.</span></p>
<p><span>"As restrictions begin to ease and some normality resumes, we remain positive that the impact will be limited, however we are not naive to the fact that there will be ramifications within the property market," the valuation firm said. </span></p>
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<p><span>What about renovations?</span></p>
<p><span>Bunnings is certainly packed on the weekends and our DIYers are making the most of lock down time! However, from what we can see at the moment, it would appear as though the top priority on everyone’s renovation list is to complete small jobs that were already on the to do list," the valuation firm said. </span></p>
<p><span>Larger renovations often take longer to plan and generally rely on the availability of tradies and they are not easy to grab in our region at short notice.</span></p>
<p><span>"In our region, major renovations need to be considered quite carefully. The cost of demolition, altering and reconfiguring existing improvements can quickly make any renovation very expensive, without necessarily seeing any improvement in the dwelling," the valuation firm said. </span></p>
<p><span>"Prior to completing any major renovations we would recommend that home owners ascertain the current value of their home (have a valuation done), consider the cost of the proposed renovations and then add the two amounts together. </span></p>
<p><span>"What can you buy in the current market for a similar price? Are you best to do the proposed renovations or perhaps consider buying a property at a similar total cost where someone has already done all the hard work? This is a simple way to have an informed opinion on the best way to tackle the question of whether to renovate or not." </span></p>
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<span><img src="blob:https://www.urban.com.au/4b0eba65-746c-4da6-b89f-1141fb1e0b52" alt="page31image3738448" width="0.500000" height="0.500000">A renovated three bedroom home in Mount Gambier has recently been sold for $297,000.</span>
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<div class="section"><span>Set on a 641 square metre block, the 10 Degaris Street home (pictured below) comes with lounge room, renovated kitchen, and paved pergola area. </span></div>
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<div class="section"><span>The property was last sold in 2012 for $210,000.</span></div>
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<div class="section"><span>A current listing is a renovated three bedroom home in Mount Gambier with a price guide between $175,000 to $185,000.</span></div>
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<div class="section"><span>The 53 Boandik Terrace home (pictured below) comes with open plan lounge and dining, three carpeted bedrooms, tiled bathrooms and separate lounge. </span></div>
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<div class="section"><span>It is located just a short walk to schools and shopping centre. </span></div>
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Major renovations in Mount Gambier need to considered carefully: HTW residential

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<p><span>The outlook for 2020 for Mount Gambier is that the housing market will remain stable throughout the year, according to a recent Herron Todd White (HTW) residential report. </span></p>
<p><span>"We are not aware of any obvious indicators that will have a significant impact on the local economy and the property sector," the valuation firm said. </span></p>
<p><span>As seen in the graph below, house sales for 2019 were at similar levels to where they have been since 2014 and it is expected that this trend will continue throughout 2020. </span></p>
<p><span>The report notes the median housing price has increased slightly in recent years, however there is still a large supply of housing and land for sale, which does impact on growth in the region.</span></p>
<p><a href="https://www.propertyobserver.com.au/images/2020/3/9/mount%20gambier%201.png" target="_blank">Click here</a> to enlarge:</p>
<p><span><img src="https://www.urban.com.au/images/2020/3/9/mount%20gambier%201.png" alt=""></span></p>
<p>Source: HTW </p>
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<p><span>The graph below shows the number of houses sold within the $400,000 to $500,000 price range for the past 10 years. </span></p>
<p><span>There was a significant drop between 2010 and 2011 when the market declined, however there has been a steady incline in sales since then, with sales within this range now the highest they have been in the past 10 years. This may be something to watch this year to see whether sales within this range </span>continue to increase or we start to see a few more house sales above $500,000.</p>
<p>A three bedroom house in Mount Gambier was sold for $465,000 in December last year. </p>
<p>Situated at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-130158458" target="_blank">49 Bertha Street </a>(pictured below), the house comes with open living area, kitchen, pergola and heated swimming pool. </p>
<p>Other features include double garage, rear courtyard and ceiling fans. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/9/49%20bertha%20st.jpg" alt=""></p>
<p><a href="https://www.propertyobserver.com.au/images/2020/3/9/mount%20gambier%202.png" target="_blank">Click here</a> to enlarge:</p>
<p><img src="https://www.urban.com.au/images/2020/3/9/mount%20gambier%202.png" alt=""></p>
<p>Source: HTW </p>
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<p><span>"The $200,000 to $300,000 price range is affordable and it’s where the most number of sales occurs," the valuation firm said. </span></p>
<p><span>A house in this range appeals to families and first home buyers and are generally of good quality, including three or four bedrooms, one or two bathrooms, a garage and a pergola area, situated on 600 to 800 square metres.</span></p>
<p><span>This is affordable compared to other cities such as Adelaide, where $250,000 to $300,000 will generally get you a small two-bedroom, one- bathroom unit or house situated on a small allotment of around 200 square metres.</span></p>
<p><span>A Mount Gambier stone house on a 1,351sqm allotment has hit the market with $285,000 hopes.</span></p>
<p>The four bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/property-house-sa-mount+gambier-132832122" target="_blank">9 Duigan Street </a>(pictured below).</p>
<p><span>It features renovated </span>kitchen/meals, dining area, rumpus room and established garden. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/9/9%20duigan%20st.jpg" alt=""></p>
<p><span>Small regional towns are heavily reliant on a small number of industries. </span>These towns should therefore be treated with caution as they are dependent on local employment.</p>
<p>History has shown that decreases in employment will impact negatively on the property market in these regions.</p>
<p><span>"Overall, we are expecting this year to be similar to last year with no major fluctuations in the local market," the valuation firm said. </span></p>
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Mount Gambier housing market to remain stable throughout 2020: HTW residential 

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<p>In the south-east of South Australia, $500,000 will enable you to purchase a wide variety of property, according to a recent Herron Todd White (HTW) residential report. </p>
<p>The report suggests that few dwellings sell for more than $500,000 each year and demand for property tends to reduce significantly within this price range given the median house price is around $265,000.</p>
<p>"Houses that have sold for around $500,000 within the past year include the following Mount Gambier properties. This shows that you can buy a good quality dwelling for this price," the valuation firm says. </p>
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<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-126845570" target="_blank">15 Redwood Avenue, Mount Gambier </a>SA 5290 (pictured above) - $518,000</li>
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<p>A circa 2008 three-bedroom, two-bathroom, detached dwelling on 950 square metres located in a good modern residential division surrounded by quality homes.</p>
<p> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/15/mount%20gambier%202.jpg" alt=""></p>
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<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-127030338" target="_blank">17 Jardine Street, Mount Gambier </a>SA 5290 (pictured above) -  $500,000</li>
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<p>A circa 1902 four-bedroom, two-bathroom, renovated character dwelling on 1,050 square metres, centrally located and surrounded by quality homes.</p>
<p>Below is a typical rural living property situated on the outskirts of Mount Gambier.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/15/mount%20gambier%203%20.jpg" alt=""> </p>
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<a href="https://www.realestate.com.au/sold/property-house-sa-worrolong-128437902" target="_blank">47 Eldridge Drive, Worrolong </a>SA 5291 (pictured above) - $505,000</li>
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<p>A circa 2011 four bedroom, two bathroom dwelling on 3,201 square metres located on the edge of Mount Gambier with good quality properties surrounding, situated on country living allotments.</p>
<p>"The best performing properties around the $500,000 range are generally large modern dwellings situated in modern residential divisions, properties located on the outskirts of town on rural living size allotments and renovated character dwellings that are centrally located, such as the sales above," the valuation firm commented.</p>
<p>These properties could achieve a rental return of between 4-4.5%, however most of these properties are owner-occupied.</p>
<p>"Within Mount Gambier we do not generally see any units or attached housing selling for $500,000 or above," HTW said. </p>
<p>The median sale price for Mount Gambier for May 2019 is $265,000, therefore all of the above properties are considered to be at the top end of the market.</p>
<p>"The market has remained relatively stable over the past 12 months with similar market conditions to last year.</p>
<p>"For $500,000 you can purchase a similar property this year to what you could last year." </p>
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Few dwellings sell for over $500,000 in Mount Gambier: HTW residential 

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<p>The property market within Mount Gambier was relatively stable for the first quarter, according to a recent Herron Todd White (HTW) residential report. </p>
<p>The report suggests that the number of house sales occurring in the first quarter has been steady.</p>
<p>In 2014 house sales were slightly higher, however there has not been a significant drop in sales numbers which are still much higher than in 2011 when the market dropped back.</p>
<p>"The most purchased dwelling price range within the last 12 months is $200,000 to $250,000," the valuation firm said. </p>
<p>"There are few dwellings purchased over $500,000 or under $150,000.</p>
<p>"The $200,000 to $250,000 price range is affordable for people entering the market and for investors looking at a property which provides a stable rental return."</p>
<p>A three bedroom house in Mount Gambier has been sold for $225,000.</p>
<p>Built in 1994, the house at<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-128096338" target="_blank"> 4 Winfield Court </a>(pictured below) comes with three bedrooms, lounge room, timber kitchen and private rear yard.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/mount%20gambier%20.jpg" alt=""></p>
<p>"Dwellings over $500,000 are at the top end of the market and have limited market activity," HTW said. </p>
<p>"Dwellings under $150,000 are generally in less sought-after locations and have limited market activity."</p>
<p>A recent over $500,000 sale was a Character Federation style home nestled on over 2.5 acres of land.</p>
<p>It was sold for $610,000 in May.</p>
<p>Located minutes from Mount Gambier and schools, the house at<a href="https://www.realestate.com.au/sold/property-house-sa-moorak-123887258" target="_blank"> 158 Telford Road</a>, Moorak (pictured below) comes with four bedrooms, study, timber kitchen, and open living areas.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/moorak%201.jpg" alt=""></p>
<p>Detached housing and unit sales throughout the region are on track with previous years and are expected to remain stable throughout the remainder of the year.</p>
<p>Detached housing is the most popular amongst buyers, with 141 house sales for the first quarter of this year, compared to 15 unit sales and 28 land sales.</p>
<p>The report notes that properties located within the Lakes location and centrally around the town centre have shorter listing times than most other areas, as they are tightly held locations.</p>
<p>The median sale price has been slightly increasing over the past five years and property prices have remained stable.</p>
<p>"The overall feel of the market at the moment is that it will remain relatively steady throughout the remainder of the year," the valuation firm said.</p>
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Mount Gambier market remains stable as median price ticks up: HTW residential 

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<p>A Mount Gambier four bedroom house has recently been sold by mortgagees for $155,000 after a final $5,000 price reduction.</p>
<p>It was sold by Kathryn Weddel-Lucas from Blue Lake Real Estate whose most recent asking price was $160,000.</p>
<p>It was first listed last December with $180,000 hopes.</p>
<p>It had last traded at $145,000 in 2005.</p>
<p><a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-127210270" target="_blank">Situated at 1 Finch Street</a>, the southeastern South Australian home comes with four bedrooms, lounge room, storage room/play room, rear deck and single carport.</p>
<p>Set on a 725sqm, the solid stone home has been upgraded with a new kitchen with stainless steel gas stove, renovated bathroom with shower over the bath, and detached laundry with new tiles.</p>
<p>The suburb's median house price sits at <a href="/developments/mount-gambier-sa-5290">$255,000</a>, according to CoreLogic. </p>
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$10,000 gain for Mount Gambier mortgagee sale after $5,000 price reduction 

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<p>A typical home owner in Mount Gambier could be a first home buyer, a family or an empty nester, according to a recent report from the Herron Todd White (HTW) valuation firm.</p>
<p>First home buyers are generally younger and look for a property that is within the $150,000 to $250,000 price range.</p>
<p>Families are generally after a home that has three to four bedrooms and perhaps two living areas and is within the price range of $250,000 to $450,000.</p>
<p>"For empty nesters it is varying," the report said.</p>
<p>"They may be looking to downsize from a large family home.</p>
<p>"They are pretty flexible and may choose to either buy or build a modern, smaller dwelling for easier maintenance.</p>
<p>"A lot of empty nesters are also selling and following their children to university or even packing up and travelling."</p>
<p>Recently, a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-120791109" target="_blank">61 Acacia Street</a>, picture above, in Mount Gambier recently sold for $185,000.</p>
<p>Another three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-126405418" target="_blank">81 Cardinia Street</a> recently changed hands for $220,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/MtGambier2.jpg" alt=""> </p>
<p>HTW noted with the construction grant still in place for first home buyers, it is still common for first home buyers to build their first home.</p>
<p>These homes are generally within the price range of $250,000 to $350,000.</p>
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Mount Gambier first home buyers spending $150,000 plus: HTW

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<p>A typical home owner in Mount Gambier could be a first home buyer, a family or an empty nester, according to a recent report from the Herron Todd White valuation firm.</p>
<p>First home buyers are generally younger and look for a property that is within the $150,000 to $250,000 price range.</p>
<p>Families are generally after a home that has 3- to 4-bedrooms and perhaps two living areas and is within the price range of $250,000 to $450,000.</p>
<p>"For empty nesters it is varying," the report said.</p>
<p>"They may be looking to downsize from a large family home.</p>
<p>"They are pretty flexible and may choose to either buy or build a modern, smaller dwelling for easier maintenance.</p>
<p>"A lot of empty nesters are also selling and following their children to university or even packing up and travelling."</p>
<p>Recently, a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-120791109" target="_blank">61 Acacia Street</a>, picture above, in Mount Gambier recently sold for $185,000.</p>
<p>Another three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-126405418" target="_blank">81 Cardinia Street</a> recently changed hands for $220,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/MtGambier2.jpg" alt=""> </p>
<p>HTW noted with the construction grant still in place for first home buyers, it is still common for first home buyers to build their first home.</p>
<p>These homes are generally within the price range of $250,000 to $350,000.</p>
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