Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Residential Sales

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Elwood apartments topped and tailed REIV weekly auction and private treaty results.
The $235,000 Elwood flat at 6/6 Cyril Street (above) had last sold in 2008 at $195,000 and $220,000 in 2001.
It had been a $230 weekly rental when advertised earlier this year, reflecting a five percent rental yield.
Woodards Real Estate had been quoting $195,000 to $210,000 for the 1970s one bedder.
<a href="/images/2016/04/4/Screen%20Shot%202016-04-04%20at%2012.57.47%20PM.png" target="_blank">Click to enlarge</a>
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jchancellor-FAypfDUnLy

Elwood apartments top and tail REIV results

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SPONSORED POST
The property landscape in Victoria is set for an overhaul with new laws to restrict underquoting practices. New regulations imposed by the Victorian Government intend to protect buyers and create a more transparent property market.
The new regulations require agents to be forthcoming with realistic estimates by providing at least three comparable sales to interested parties. The comparable sales reports will need to be for properties recently sold within the same area and demonstrate a likeness to their current listing.
Along with the new guidelines come harsher penalties for agents who disregard the need for quoting accuracy. A financial penalty of $28,000, double the existing fine, will be imposed, as well as forfeiture of any commission obtained from the sale.
With underquoting the cause of distress for many consumers, Victorian buyer agent <a href="https://wiserealestateadvice.com.au" target="_blank">WiseRealestateAdvice.com.au</a> Mark Ribarsky says that this is “a win for his clients and prospective purchasers everywhere”.
The changes will come as a relief to many people in the areas most affected by over quoting in recent years. Buyers in Box Hill, Vermont and Mount Waverly have faced underquoting resulting in sale prices of up to 33 percent above quoted estimates in recent years. 
The new mandates will provide buyers with a more realistic view of the houses they can afford to direct their time and energy into properties within their reach.
For more information, <a href="https://wiserealestateadvice.com.au" target="_blank">click here</a>.
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po-LsXgBTHBmX

Underquoting overhaul in Victoria

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As Ray White continues its journey to be the leader in customer excellence, they have not forgotten one of their core customers - family pets - with the launch of a brand new specialist program featuring qualified agents selling homes to our furry friends.
It comes after a first for the industry saw Ray White agent Evan Williams sell what has been dubbed a ‘poochy palace’ in <a href="https://www.youtube.com/watch?v=Hggp8qeCn9k" target="_blank">Sydney’s north for $1.25 million</a>. 
The new offering will work in conjunction with <a href="https://docs.google.com/forms/d/1T40RXW1oy0Sm-He6sqCqMU5PLeuGKDMxL89_Sx6o-HQ/viewform" target="_blank">Ray White Concierge’s pet care and transport service</a> - where Ray White’s human customers will be entitled to exclusive benefits to ensure their pets are comfortable and well looked after during their move.
The sale of the poochy palace came about when the new owners of the property decided they were not utilising the space because they had no pets of their own. 
They are taking advantage of a spike in land value in the north - where a car space was recently sold for $150,000.
Ray White agent Evan Williams said the demand has been high.
“There has been an incredible amount of interest in the property. It’s a market that has never before been given a second thought, but it was an obvious decision for Ray White to move into this space and take care of our four legged friends.”
“The new owners are thrilled to finally get their paws on the property ladder.”
Evan says that for those who missed out this time around, there will be plenty of stock on the market.
Sounds like an April Fools stunt!
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Ray White enters lucrative doggie real estate market with the sale of very first prestige poochy palace for $1.25 million

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The Year of the Monkey offers great opportunities for Chinese investors who are looking to buy property in Australia. 
The benefits to investing in Australia’s housing market include the country’s healthy and comfortable lifestyle, the property market’s relative stability, and regulations that protect investors’ ownership rights. 
Australian rental properties often deliver yields in the range of 3 percent to 5 percent, plus the potential for strong capital gains over the long term. 
Housing values in Australia’s major capitals have been rising over the past few years, driven by low interest rates and high investor demand. 
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Simply <a href="https://www.propertyobserver.com.au/images/2016/chinese_ebook/english_guide.pdf" target="_blank">click here</a> to get your copy of Property Observer's eBook, Buying property in Australia: A guide for Chinese investors.
{rsform 54}
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Buying property in Australia: A guide for Chinese investors

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The top sale of the week was a five bedroom beachside home at Bronte in Sydney's Eastern Suburbs, according to CoreLogic RP Data. 
The property, 1 Bronte Marine Drive, Bronte (above) sold for $8.5 million through Laing + Simmons  Double Bay 
Top ten sales
1 Bronte Marine Drive, Bronte, NSW  5 bed, 4 bath, 2 car house  $8,500,000  Laing + Simmons  Double Bay 
6 March Street, Bellevue Hill, NSW  4 bed, 1 bath, 2 car house  $5,265,000  Sotheby’s International Realty  Sydney 
602/14 Macleay Street,  Elizabeth Bay, NSW  3 bed, 2 bath, 2 car unit  $4,900,000 Richardson &amp; Wrench Elizabeth Bay/Potts Point 
22b Haughton Street,  Linley Point, NSW  4 bed, 3 bath, 2 car house  $4,350,000  John Ward Realty  Hunters Hill 
44 Wallis Parade,  North Bondi, NSW  4 bed, 2 bath, 4 car house  $4,275,000  Express Realty/  Raine &amp; Horne 
8 Kirkoswald Avenue,  Mosman, NSW  4 bed, 2 bath, 1 car house  $3,920,000  David Murphy  Real Estate 
53a Carlotta Road,  Double Bay, NSW  6 bed, 4 bath, 2 car house  $3,875,000  McGrath Estate Agents 
24 Northland Road,  Bellevue Hill, NSW  4 bed, 2 bath, 2 car house  $3,675,000  Goodyer Real Estate 
2/16 Thornton Street,  Darling Point, NSW  4 bed, 3 bath, 3 car house  $3,500,000  Sotheby’s International Realty Sydney 
10 Ocean Grove,  Collaroy, NSW  5 bed, 3 bath, 2 car house  $3,375,000  First National Caputo  Dee Why
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mick.cee-iDmgDDAmu8

Bronte beach pad leads CoreLogic RP Data's top ten sales

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Online takeaway service Menulog co-founder Dan Katz and his wife Nicole sold their Maroubra home pre-auction as they plan their upgrade to a $20 million Vaucluse home.
Set on 550 square metres on The Corso, most of the Maroubra buyer interest came from up-sizers from Bondi and Bronte. The three level home, with ocean glimpses, came with basement level car parking.
The five-bedroom home with pool last traded in 2008 for $2.57 million, with Jason Black, of Black Lifestyle Property, expecting the offering this time to attract interest around $3.6 million to $3.7 million.
The Katz family are off to the Vaucluse harbourfront home of finance entrepreneur Clive Isenberg and his wife, Jennifer which sold earlier this year through LJ Hooker Double Bay agent Bill Malouf.
The three-storey trophy home sits on the Parsley Bay battleaxe block bought in 2002 for $9 million from retired businessman Ed Harris.
It was last May when UK-based takeaway food delivery platform Just Eat bought out rival Menulog for $855 million when Menulog had 5500 restaurants and 1.4 million active customers.
It was a windfall opportunity for Katz and his Menulog co-founder Leon Kamenev and the other shareholders, including Catch Group’s Gabby and Hezi Leibovich, along with EatNow founder Matt Dyer who merged his startup with Menulog in February last year.
Katz and Kamenev were behind the successful accommodation website HotelClub, which was sold to the US company Cendant in 2000. 
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Menulog co-founder Dan Katz upgrades to Vaucluse

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Charter Keck Cramer executive chairman Scott Keck says the housing market is "fully priced" but property values are likely to drift sideways over the next few years rather than crash.
Keck told clients that while the housing market was "certainly inflated [though] perhaps not fully inflated to the extreme" domestic conditions were subsiding with the market having just recently drifted off its peak.
"We think that it is unlikely that there will be a significant increase in commercial interest rates or unemployment and thus these internal factors are not a danger. Left alone there seems to be no internal or domestic pending or immediate threat that would cause a major correction." he said.
But, he did acknowledge that at inflated levels, property along with other asset classes would be vulnerable to a major international event like an economic meltdown in China or another GFC.
"So, in summary, does Charter think that there is a bubble which infers an event that is about to collapse? Our answer is NO," he wrote.
Speaking to The Australian Financial Review, Mr Keck said housing values were supported by strong population growth and immigration, major demographic changes and a "huge depth of demand" from those looking to buy at lower rungs of the property ladder.
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Scott Keck says there's no housing bubble

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Illawarra in NSW has seen reasonable growth in the past 12 to 18 months in all sectors and there is a sense in the market that it will continue, particularly in the below $600,000 section of the market, according to recent sales and agents’ advice, say Herron Todd White in their March property clock.
Affordable housing has had a blip from the lows of late 2011 to 2012 but there are few suburbs in the general Illawarra area where it is possible to get something in the sub $400,000 range.
<a href="/images/2016/03/16/Screen%20Shot%202016-03-16%20at%209.27.30%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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In the south, across the Shellharbour LGA there are some older houses under $450,000 but these are getting harder to come by as well. This is a big change from three years back when properties could be purchased for under $300,000. The postcode to look for here is 2529.
As usual it is always the lower end of the market that moves first and sees the better percentage increase in value. Never forget the low end of a market in the better located suburbs. You will generally be a clear winner when the whole market moves.
The mid range has remained strong during the past year and the $700,000 to $850,000 range has a bit more strength, depending on the suburb of course. This is the second home buyer’s sector and those who bought four years ago have seen some genuine increases, particularly around the northern beaches. Suburbs such as Figtree, Keiraville, Balgownie, Fairy Meadow, Corrimal, Woonona and Towradgi have experienced some good growth in values in this time. The postcode to look for here is 2519.
Above $900,000, the depth of buyers drops off, but there is still reasonable activity and some good strength. Over $1 million there are some good sales but it is generally thinly traded and tending to be harder to find bargains. The major influences in this sector are interstate investors and Sydney buyers looking for an upmarket house close to the beach but within commuting distance of Sydney. Bulli, Thirroul, Austinmer, Coledale and Stanwell Park are all attractive to this buyer sector.
Kiama and Minnamurra are also included in the southern parts of the region, with a good deal of holiday house buying pushing the market.
Let’s look at some of the good long term growth sectors in the Illawarra market.
In our view this lies in the lower ranges, affordable ($600,000 to 700,000) in a desirable location i.e. north or close to Wollongong CBD.
For units, we see CBD units close to the beach, university or hospital in the range of $350,000 to $450,000 as being a good bet for the future.
What offers the average buyer the best chance of growth over the medium term?
Pick up an older home in a good location....(close to Wollongong, Shellharbour or the beach) where the majority of the value is in the land... worst house in the best street etc. Don’t go for the new project home in a fringe location - remember that only the land increases over time, not the improvements – a tried and true adage in real estate. Forget about having all the mod cons when buying your first house – buy a shack on the best land you can. It will serve you well in the long term. Remember the 60/40 rule.
If someone called our office looking to spend a reasonable amount of money but didn’t want to sit on the property forever, we would direct them to inner suburbs close to employment centres, whether Wollongong, Shellharbour or Kiama LGAs.
The average buyer profile in this sector is mixed and includes investors and first home buyers, but increasingly we see small builders and amateur developers invading the market. 
Overall, the Illawarra property market has remained quite buoyant especially in the low and mid ranges, with the prestige markets tapering off. The outlook for the Illawarra property market appears to be in a steady but not spectacular growth mode. If interest rates rise there will be some fallout and values may ease. 
As an illustration, Property Observer found two examples of recent sales in the region:
 
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1. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-berry-121385030" target="_blank">4 Womack Close Berry NSW 2535</a> (above) sold for $710,000 recently.
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2. A two-bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-fairy+meadow-121939174" target="_blank">3/138 Carters Lane Fairy Meadow NSW 2519</a> sold recently for $345,000.
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Illawarra likely to see growth in below $600,000 properties: HTW

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A clearance rate of 75 percent was recorded by the REIV this weekend compared to 69 percent last weekend and 76 percent this weekend last year.
There were 1476 auctions reported to the REIV, with 1113 selling and 363 being passed in, 157 of those on a vendor bid.
Melbourne’s south-eastern suburbs are dominating the auction market this weekend with more than 400 auctions scheduled. 
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Melbourne's 75 percent success rate: REIV

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The top sale of the week was a five bedroom, four bathroom home in Rose Bay with harbour views which sold for $6.3 million, according to CoreLogic RP Data.
The home, <a href="https://www.domain.com.au/1-cecil-road-rose-bay-nsw-2029-9450545" target="_blank">1 Cecil Road, Rose Bay</a> was sold through Laing + Simmons Double Bay/Novak Properties.
 
Top ten sales
1 Cecil Road, Rose Bay, NSW 5 bed, 4 bath, 6 car house, $6,300,000 Laing + Simmons Double Bay/Novak Properties 
9 South Street, Strathfield, NSW 7 bed, 6 bath, 4 car house, $5,710,000 Devine Real Estate 
24 Eastbourne Avenue, Clovelly, NSW 4 bed, 3 bath, 2 car house, $5,100,000 Phillips Pantzer Donnelley Woollahra 
244 Oberon Street, Coogee, NSW 5 bed, 3 bath, 1 car house, $4,650,000 Phillips Pantzer Donnelley Woollahra 
14 Agnes Street, Strathfield, NSW 5 bed, 5 bath, 2 car house, $4,600,000 Devine Real Estate 
36 Chilton Parade, Warrawee, NSW 5 bed, 4 bath, 2 car house, $4,525,000 LJ Hooker Wahroonga 
38 Billyard Avenue, Wahroonga, NSW 5 bed, 3 bath, 3 car house, $4,400,000 LJ Hooker Wahroonga 
28 Lisbon Street, Glen Waverley, Vic 6 bed, 6 bath, 3 car house, $4,080,000 Harcourts Judd White 
49 Rosserdale Crescent, Mount Eliza, Vic  4 bed, 3 bath, 3 car house, $4,000,000 Aqua Real Estate Mount Eliza 
75 Argyle Road,  Kew, Vic  5 bed, 4 bath, 6 car house, $3,850,000 Kay &amp; Burton Hawthorn
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