Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Mudgee

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A South Korean corporation has secured, Warragundi Aggregation, some 5,800 hectares of rural land on the banks of the Cudgegong River in the Mudgee region of New South Wales. 
The mixed enterprise property, which consists of cattle and sheep, sold between $20 million and $25 million.
It was bought on a walk in walk out basis. The South Korean buyers intend to operate the farm in its current structure and will retain the existing staff.
The Foreign Investment Review Board approved the transaction through CBRE Agribusiness agent Richard Royle, who negotiated the sale with Logical Livestock's Simon McKittrick.
“I believe the buyers are looking forward to getting to know the region further and working with local businesses,: Royle said on the sale.
"They were attracted to the region for its diversity in agriculture, wine and growing tourism.
'Buying a farm, especially in a foreign country, has its complexities but by purchasing the aggregation as a going concern will ensure they can operate commercially while applying their own strategies as they progress.”
The property sits near the township of Gulgong, around 25 minutes to Mudgee. 
The aggregation offers water access and fodder crops that have maintained a core breeding herd during dry periods. The aggregation includes a range of pastures, including chicory, cocksfoot, fescue, phalaris, ryegrass and clover mix.
Royle says the sale price reflects the strong rural market in NSW despite the dry conditions.
"The vendor and purchaser wish for confidentiality, but I can say that the sale price was in-line with agent and vendor price guide during the marketing campaign which was circa $20-$25million. 
The vendors John and Sandra Harding will now concentrate on their horse breeding and Mudgee Machinery business.” 
 
 
 
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jrobinson-rf4aSBido9

South Korean buyers swoop on Mudgee's Warragundi Aggregation

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A Mudgee farm, Northnife, was passed in at recent auction.
Located at 791 Ulan Road, Mudgee, the 34 acre holding is the home of Farmers Daughters Wines.
It was offered by administrator, Ian Purchas of SV Partners.
Just 10 minutes from Mudgee and 3.5 hours to the Sydney CBD, it holds "a productive irrigated vineyard and an excellent office/cellar door/hospitality area".
The listing notes that the Farmers Daughter Wines business would be available to the successful purchaser, as would the plant and equipment.
Some 14 of the 34 acres are being used as a vineyard.
The property holds a 15 mega-litre irrigation license, with a fully equipped bore supplying the vineyard.
The holding also has three steel framed sheds with concrete floors, two with power, and a commercial cool room.
On site is a four bedroom, two bathroom home which is located not far from a six room office building.
There is no price guide for the property.
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j.ballantyne1990-6AQqhLzZaK

Northnife, Mudgee vineyard remains for sale 

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More than 5,000 hectares of land on the banks of the Cudgegong River in New South Wales’ Mudgee region has been listed for sale.
CBRE Agribusiness and Logical Livestock Marketing have been appointed to market the Warragundi Aggregation, comprising a 5,798 hectare mixed enterprise, consisting of cattle, sheep, water and cropping.
Located near the township of Goolma, approximately 25 minutes’ drive to Mudgee and 15 minutes’ drive to Gulgong, the aggregation offers water access and fodder crops that have maintained a core breeding herd during extended dry periods.
The aggregation includes a range of pastures, including chicory, cocksfoot, fescue, phalaris, ryegrass, sub clover and white clover mix.
CBRE’s Richard Royle and Logical Livestock Marketing Simon McKittrick are selling the aggregation on a ‘walk in, walk out’ basis.
The combined aggregation includes an average carrying capacity of approximately 1,400 breeders and 600 replacements, plus 2,500 merino ewes or 25,000 DSEs.
Offers are due to close September 7.
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Warragundi aggregation at Mudgee listed

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<div title="Page 1">
After being owned for 37 years by the Vrisakis family, Phalaris Stud at Rylstone is listed for sale with $2 million hopes.
The <a href="https://www.realestate.com.au/property-other-nsw-rylstone-7980430" target="_blank">169ha Central Tablelands offering</a> has extensive horse facilities built by the former bow-tied Sydney lawyer Aleco Vrisakis and wife Mary Jane.
Inglis listing agent Sam Triggs says the property is ideal for equine pursuits as well as for Charolais beef production. Set 60km from Mudgee and 237km from Sydney, the farm is sown to phalaris, clovers and lucerne pastures.
<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/2018/8/20/phalaris2.jpg" alt="">
There is a 2000-built architect designed home and the facilities include nine box stables, an Olympic-size sand dressage arena and a 51m horse pool.
There are views over the Cudgegong Valley from the home located at the end of a driveway of Claret Ash and London Plane trees.
This article was first published in the Sunday Telegraph.
</div>
 
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jchancellor-FAypfDUnLy

Vrisakis family list Phalaris Stud at Rylstone 

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A rural property in New South Wales's Mudgee, located northwest of Sydney, has been sold for $95,000. <img src="https://www.urban.com.au/images/2018/7/6/Mudgee%205.jpeg" alt=""> The property at <a href="https://www.realestate.com.au/property-lifestyle-nsw-mudgee-7974966" target="_blank">81 King John Lane, Mudgee</a><a href="https://www.realestate.com.au/property-lifestyle-nsw-mudgee-7974966" target="_blank"></a> is a 24ha (60 acres) of level grazing or farming country with two large dams as well as a creek that meanders right through the centre. The property had been listed through Bob Proestos who marketed it as an "ideal weekend getaway block that's large enough to also grow oats, run some sheep or cattle and/or keep horses."
It comes with two large dams as well as a creek that meanders through the property. 
Power is noted as a great asset on this block as it is located close to building sites.
Some shedding is also available as well as a water tank and old septic system. 
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Mudgee weekender hobby farm sold at $95,000

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Trelawney Farm, the 130 year old farmhouse in Mudgee, has been listed for sale.
The property at<a href="https://www.realestate.com.au/property-other-nsw-mudgee-7971010" target="_blank"> 428 Henry Lawson Drive</a> is currently an award-winning accomodation, but the listing advises it would suit as a family home.
It can be dual self-contained residences or one complete home.
<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/2018/6/18/MUD2.jpg" alt="">
The iconic country homestead features fresh white bricked facade, colonial architraves and a wrap around porch with views over Pipeclay Creek.
There's five bedrooms, two bathrooms, two open plan living and dining areas and a formal library.
It sits on over 10 hectares in the heart of the Mudgee wine trail.
McGrath Central Tablelands agent Adam Woods is asking $1.2 million.
Last month's Mudgee's landmark residence Woodlands sold for just under $2.1 million.
 
 
 
 
 
 
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Mudgee's 130 year old Trelawney Farm for sale

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Woodlands, the landmark 1896 home on the edge of Mudgee, has been sold for just under $2.1 million.
It was sold by Damian Kearns from Peter Druitt &amp; Co.
The first surveyor in Mudgee William Abernethy built the house in 1896.
There was a renovation and extension by the current owners, including cedar doors from Cate Blanchett's former Hunters Hill home.
<a href="https://www.realestate.com.au/sold/property-lifestyle-nsw-mudgee-7935566" target="_blank">The Victorian style home</a> features the ambience and beauty of the mature trees and gardens.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/mudgee%202.jpg" alt="">
The home comes with four bedrooms, appointed kitchen, formal dining with open fireplace, light filled living, and north facing sunroom with garden views.
Additional features include ducted reverse cycle air conditioning, two acres of established gardens and solar system.
<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/2018/5/15/mudgee%203.jpg" alt="">
Occupying 32 hectares, of arable country fenced with five paddocks, the property last traded at $665,000 in 2002.
 
 
 
 
 
 
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Mudgee landmark residence, Woodlands sold

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Houses in Mudgee, NSW are available for $500,000, according to Herron Todd White’s latest July report.
The property investment firm says that rental returns for four bedroom homes can be between $400 to $450 per week.
“For $500,000 you could buy a 4-bedroom, 2-bathroom modern dwelling in south or west Mudgee on a 1,000 square metre block or a renovated federation style home in central Mudgee on a smaller lot.
“On a return basis you could potentially do better by buying two units which would be possible on a $500,000 budget (although don’t forget about the additional fees such as strata fees etc).
“You can expect a rental return of between $400 and $450 per week on the modern 4-bedroom home in south or west Mudgee, $450 to $485 on the renovated central Mudgee home or $500 to $550 on the two units.
“With new state government changes to first home buyer grants and an improved coal price this property bracket could exceed that lazy half million figure by the end of 2017. Fingers crossed!” the report stated.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-mudgee-125765358" target="_blank">8 Hennessy Place</a>, Mudgee (above) has been listed for $459,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-mudgee-125822258" target="_blank">2 Bellevue Road</a>, Mudgee (below) has been listed for $469,000.
<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/2017/07/19/2%20Bellevue%20Road.jpg" alt="">
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Mudgee houses available for $500,000: HTW

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The Mudgee property, Wilbetree has been sold.
<a href="https://www.realestate.com.au/sold/property-mixed+farming-nsw-mudgee-7886762" target="_blank">The highly productive 370 hectare farm</a> fetched $5.2 million when offered for sale for the first time since the early 1820's.
With approximately 300 acres of alluvial flats and a further 613 acres of rolling mostly arable grazing land "Wilbetree" is renowned for lucerne hay production, fat cattle and cropping.
The main homestead enjoys an elevated position amid three acres of established gardens.
With buildings dating back to 1824, it is one of Mudgee's most substantial and oldest homes.
Additions were carried out in the 1980s.
"Wilbetree is arguably one of the finest properties ever offered for sale in the Mudgee district," the marketing by Andrew Blackman at Mudgee First National advised.
 
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Mudgee property, Wilbetree sold

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<img src="https://counter.theconversation.edu.au/content/77311/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
“I’m no criminal. I had no choice,” Bruce said. “I felt the only way I could get the government to see the injustice that is taking place was by taking action. All I wanted was to protect my home.”
Bruce is one of three protesters brought before a Mudgee court on May 17 for a preliminary hearing. On April 12, he was arrested after peacefully objecting the proposed expansion of the Wilpinjong mine by blocking the entry to the mine and stopping shift workers from entering and leaving the area.
The Wollar Three, as they have become known, are the first to be charged under New South Wales’ anti-protest laws, which were introduced in March 2016. They pleaded not guilty.
If convicted, the Wollar Three face significant penalties including heavy fines and up to seven years’ imprisonment. The laws they were charged under have been described as draconian and an attack on democracy and civil society.
An existential threat to a community
Bruce is one of the very few remaining residents of Wollar, a small rural community in the Mid Western Region, NSW. Wollar is located in the western coal fields and surrounded by three multinational open-cut coal mines - Peabody’s Wilpinjong Mine, Yancoal’s Moolarben and Glencore’s Ulan Coal Mines.
While coal extraction has a long history in the region, the recent intensification of mining has challenged the previous co-existence of mining and local communities in the region. Wollar is the latest rural village to fall victim to coal mining.
Most central to Wollar’s demise is Peabody’s Wilpinjong mine, which is the mine closest to the village. Peabody today owns the vast majority of land in and around Wollar, and more than 90% of the pre-Wilpinjong population has been resettled.
Last month, the Planning Assessment Commission approved a further expansion of the mine. This will bring the boundary of the mine to within 1.5 kilometres of the village.
As the mine has encroached on Wollar, the community has dispersed – and fewer than 30 residents today remain in the area. This forced migration has been accompanied by the withdrawal of services and social support that had made village life viable. Remaining Wollar residents are increasingly vulnerable and unable to sell their properties for a fair price on the open market.
During the recent commission hearing, the remaining residents requested that all the properties within the area be afforded acquisition rights. Such rights would have provided the opportunity to negotiate with the proponent, with a view to selling their properties to the mine and gaining autonomy over their future.
The commission’s determination report found the expansion:
… has the potential to further exacerbate the existing decline of Wollar.
However, the commission concluded that no other properties but those within the zone of affliction, limited to the village, are exposed to impacts that would justify granting acquisition rights.
This assessment is based on a reading of impacts that emphasises spatial proximity and technical measures of environmental (noise and dust) modelling. It fails to acknowledge the role played by the proponent and the government in reducing the wellbeing and livelihood of those left without compensation.
Invisible displacement violates international standards
The existing project and the coming mine expansion represent a slow onset disaster that has significantly reduced local residents’ wellbeing. The remaining residents have become displaced in place, with their future opportunities for mobility and life significantly reduced.
The resettlement of the former residents of Wollar has happened slowly and without any proper planning. This breaks with the primary underlying assumption of international safeguard standards, which state that risks associated with displacement and resettlement should be predicted and mitigated.
The World Bank’s Performance Standard 5 relates to project-related land acquisition and involuntary resettlement. It refers to resettlement as both physical displacement (relocation or loss of shelter) and economic displacement (loss of assets or access to assets, which result in reduction in income sources and other livelihood means).
The standard aims to “minimise adverse social and economic impacts from land acquisition or restrictions on land use by”:
<ul style="list-style-type: circle;">
<li>providing compensation for loss of assets at replacement costs; and</li>
<li>ensuring that resettlement activities are implemented with appropriate disclosure of information, consultation, and the informed participation of those affected. However, this standard is not applicable to the case at hand. Nor can the Wollar Three or others facing this type of invisible displacement call on international human rights law for a just outcome.</li>
</ul>
Article 17 of the Universal Declaration of Human Rights offered some protection for property rights:
<ul style="list-style-type: circle;">
<li>Everyone has the right to own property alone as well as in association with others.</li>
<li>No-one shall be arbitrarily deprived of his property.</li>
</ul>
However, property rights were not included in the binding human right treaties established on the foundation of the Universal Declaration of Human Rights. In any case, the Wollar Three have not lost their right to own property under the letter of human rights law.
The law does not capture a sense of loss while a person remains in place. Nor does international law create a cause of action that can be called on in Australian domestic courts.
A sense of loss and injustice
Standing outside the Mudgee courthouse last week, Bruce explained:
My home is threatened and I’ve lived in that area for 30-odd years and I just had to stand up and say no, this should not be allowed to go ahead! Bruce’s actions come as a reaction to the sense of injustice that is marking the planning system in NSW.
A sense of lost place and displacement saturates the stories of those who live in the area, who speak of themselves as “victims of a silent war” and “casualties of extraction”. They have become stranded, left with properties that no longer have any value, decreased income and increased costs.
In this context, they feel increasingly hopeless. It was this sense of powerlessness that led Bruce and the two other accused to take civil disobedience action in April. Feeling they no longer have any hope or future, they were willing to risk a prison sentence.
 
Amy Maguire is a Senior Lecturer in International Law and Human Rights, University of Newcastle and author for The conversation. She can be contacted <a href="https://theconversation.com/profiles/amy-maguire-129609" target="_blank">here</a>.
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