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 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
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.
</section>
</section>

[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

<html><body>
The top sale of the week was a five bedroom Point Piper manor overlooking Sydney harbour, according to CoreLogic RP Data.
The property, <a href="https://www.realestate.com.au/property-house-nsw-darling+point-121034170" target="_blank">145 Darling Point Road Darling Point</a>, sold for $5,460,000 through Georgia Cleary and Alexandra Churchill of BradfieldCleary Double Bay.
<div class="agent">
<div class="agentContactInfo">
 
</div>
</div>
Top ten sales
145 Darling Point, Darling Point, NSW, 5 bed, 4 bath, 2 car house $5,460,000 BradfieldCleary Double Bay
2/16 Arthur Avenue, Cronulla, NSW, 4 bed, 2 bath, 3 car unit $5,000,000, Cripps &amp; Cripps Property Cronulla
424 Princes Highway, Blakehurst, NSW, 3 bed, 1 bath, 1 car house $4,800,000, McGrath Estate Agents
520 Barkers Road, Hawthorn East, Vic, 5 bed, 4 bath, 4 car house $4,361,000, Vicprop Group, Melbourne
38 Richmond Terrace, Richmond, Vic, 4 bed, 3 bath, 2 car house $4,320,000, Jellis Craig Richmond
23 Hope Street, Pymble, NSW, 6 bed, 5 bath, 2 car house $4,300,000, McGrath Estate Agents
33 Callantina Road, Hawthorn, Vic, 5 bed, 3 bath, 2 car house $4,251,000, Marshall White Hawthorn
2 Cooroora Street, Dicky Beach, Qld, 4 bed, 5 bath, 2 car house $4,250,000, Ray White Caloundra
29 Karranga Avenue, Killara, NSW, 5 bed, 3 bath, 1 car house $3,875,000, Savills Cordeau Marshall Lindfield
7 Maysbury Avenue, Brighton, Vic, 5 bed, 5 bath, 2 car house $3,750,000, Nick Johnstone Brighton
 
</body></html>

mick.cee-iDmgDDAmu8

Darling Point manor leads CoreLogic RP Data top ten list

<html><body>
One of reportedly only three apartments remaining in the Melbourne CBD Manchester Unity building fetched $770,000 at weekend auction.
Agent Meadow Partners had been offering a pre-auction price range as $730,000 plus.
The buyer was Dr Kia Pajouhesh, the managing director of Smile Solutions, who will expand his dental practice in the 1930s building.
<a href="https://www.meadowspartners.com.au/property/1005220-collins-street-melbourne/" target="_blank">The 1005/220 Collins Street offering</a> with 94 sqm space had windows overlooking Melbourne Town Hall from its Swanston Street aspect.
It last traded at $591,000 in 2009.
In 2012 Kia Pajouhesh, the Melbourne dentist who established Smile Solutions, bought the 39th whole-floor Royal Domain Tower sub-penthouse. With 557 square metres space it was sold by Joanne Cookes, the wife of former Venture Stores Group owner Colin Cookes.
</body></html>

jchancellor-FAypfDUnLy

Smiles all around after Manchester Unity, Melbourne auction

<html><body>
The interior designer Darren Palmer has snappily sold his home in Edgecliff, as the judge from the hit Channel 9 renovation show, The Block heads off to Bondi Beach.
Stylishly transformed since it was purchased for $1.35 million in mid-2013, the Walker Avenue property was tipped to fetch upwards of $2 million.
The three bedroom, two bathroom home secured a bullish $2.1 million on Friday evening through Pauline Goodyer of Goodyer Real Estate who had the listing inconjunction with David Malouf at LJ Hooker Double Bay.
It sold to a young couple who fancied the walk-in, do nothing design offering. 
The fully renovated Federation Edgecliff home had been scheduled for December 1 auction by Darren and his partner, the cosmetic industry CEO, Olivier Duvillard. 
The couple have decided to live the beach style with their son.
Spread across 470 sqm, it is a five bedroom, four bathroom Bondi Beach house with a detached self-contained studio surrounded by lush gardens for their three dogs and a cat to roam around. 
No doubt Darren, channelling classic Hamptons influences, will give it a soothing coastal palette.
It was bought from ABC’s Four Corners reporter Deb Whitmont and her partner, Q&amp;A executive producer Peter McEvoy.
The nice guy judge on The Block, who came to prominence in 2011 after he started filling in for estate agent John McGrath, runs his own successful interior design called Darren Palmer Design Studio.
Raised in central Queensland - which he once described as living in pretty much a design void - Palmer started out in graphic design. 
He turned to interior designing aged 27, with the work of Christian Liaigre an early inspiration.
This article was first published in the Sunday Telegraph.
 
</body></html>

Block judge Darren Palmer secures quick Edgecliff sale

<html><body>
We have valuation firm Herron Todd White to thank for this quite startling revelation earlier in the week: “Signs of slowing have emerged in Sydney property markets.”
Were it not for the ground-breaking analysis and cutting-edge research of HTW, no one would have noticed that the Sydney market has been fading. 
The marked decrease in sales volumes since the start of the year would have passed us by.
The stark decline in auction clearance rates over several months would have gone unnoticed.
The significance of the steady increase in stock on the market would have been lost of all but the most brilliant among us. 
And the wind-down in the pace of price growth would have been quite meaningless.
Fortunately, HTW to the rescue, publishing a report that contains zingers like: “There are signs that the market may be cooling.”
Good grief. What were they thinking? Were they competing for first prize in a competition for under-statement of the year? Or was it the time-honoured tradition among the valuation profession of being unwilling to say anything meaningful for fear of being relevant? 
There are signs that the market may be cooling? Is there seriously some doubt that the Sydney market is in wind-down? 
This is sadly symptomatic of the absence of expert analysis in the residential property industry.
We had another example in a speech last week by Reserve Bank assistant governor Malcolm Edey, in which he made the most common mistake in real estate “analysis”. This is the theory that says that if Event A coincided with Event B, therefore Event A must have caused Event B.
It’s irrelevant that there are five or six other events that also were aligned with Event B - Event A has had the most publicity, so Event A gets the prize.
So APRA made some announcements and then signs emerged, a la HTW’s rip-snorting expose, of a cooling in the market, therefore APRA must have caused the de-heating. 
Obviously.
This overlooks the reality that the Sydney market peaked and started its gradual wind-down long before APRA had its self-indulgent brain-explosion.
The Sydney market peaked in the December Quarter last year. Sales activity dropped in the March Quarter, dropped again in the June Quarter and continued its steady dissipation in the September Quarter.
Little by little, that has been reflected in other data. 
Clearance rates are now below 60% for the first time in three years, following a pattern of decline stretching back months.
The latest quarterly price data, always a long way behind the real game, indicates Sydney growth has fallen back to levels on a par with Adelaide and Brisbane.
 But Edey, as a boffin who gets no closer to the coal face than his computer screen, sees only “tentative evidence that sentiment may now be turning”.
 I fully agree with the growing list of pundits calling the end to Sydney’s boom. I’ve been writing about it for the past 5-6 months.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
</body></html>

terryryder-YECXbqmri2

Sydney market wound down before APRA's brain-explosion: Terry Ryder

<html><body><div title="Page 36">
<div>
<div>
<div>
Investors have traditionally made up a considerable portion of buyers in the Mildura region.
They have been buying modern stand alone dwellings in the $250,000 to $350,000 price bracket, says valuation firm Herron Todd White.
In their November review they suggested the demand from local investors has been relatively stable during the past few years, while demand from out of town buyers was higher than normal during the period from around 2010 to early 2015, boosted by the activity of several promoters who were selling house and land packages, often at prices not supported by local evidence.
"Demand from out of town buyers appears to have slowed during 2015, partly affected by a strengthening in land prices and a resulting shortage of affordable land. It is also possible that this pool of buyers has reduced, due to the slowing economy in the resource states," HTW said.
"We expect local investors to remain active, despite some tightening in lending criteria and concerns that interest rates may rise."
The report added homes that are attractive to investors typically contain 3 or 4 bedrooms and are less than 20 years old, thereby providing depreciation allowances and less maintenance issues.
"Low vacancy rates have contributed to rents for this type of property increasing by around $20 per week in the past two to three years.
"This has helped keep gross yields between 5.5% and 6%.
"Yields for small units are higher, however these traditionally have shown less capital gain."
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Mildura investment remains stable: Herron Todd White

<html><body><div class="page" title="Page 52">
<div class="section">
<div class="layoutArea">
<div class="column">
Perth suburbs Balga, Rivervale and East Cannington are reporting a 10% price adjustment from peak level dwelling prices, according to Herron Todd White.
Herron Todd White's October Month in Review said local agents are having difficulty accurately pricing properties due to the subdued market.
"This is particularly prevalent in well established locales such as Kardinya, where recent sales activity indicates price adjustments of over 10% in some cases," HTW said.
"While modest compared to 2014 levels, sales of modern 3-bedroom, 2-bathroom dwellings on lot sizes ranging from 300 to 450 square metres in establishing suburbs are dominating the market.
"Examples include Piara Waters ($450,000 to $525,000), Lakelands ($320,000 to $370,000) and Aveley ($400,000 to $450,000)."
</div>
</div>
</div>
</div></body></html>

Price adjustments across Perth suburbs Balga, Rivervale: HTW

<html><body><div class="page" title="Page 37">
<div class="section">
<div class="layoutArea">
<div class="column">
The value of large modern brick veneer homes have been steadily increasing in value for the last six months, according to Herron Todd White.
Herron Todd White's October Month in Review said the greatest growth has come from four or five bedroom houses on an 800 to 1,200 square metre block around the Wimmera River.
The report said unit sales are limited due to the relative affordability of housing. 
"The recent growth in the upper end price bracket from $400,000 to $600,000 is beginning to impact the mid price range older housing stock from $300,000 to $400,000 and small price movements have been experienced in some sectors of this market in recent times.
"The price movement has seldom reached the lower end price bracket. 
"An example of this top end growth is the sale of a 3-bedroom, 2-bathroom modern home on McPherson Street that sold in May 2014 for $450,000 and recently re-sold in June 2015 for $470,000 which displays value growth of 4.4% year on year."
</div>
</div>
</div>
</div></body></html>

Modern family homes driving Horsham sales: Herron Todd White

<html><body><div class="page" title="Page 4">
<div class="section">
<div class="layoutArea">
<div class="column">
The top sale of the week was a six bedroom waterfront home with private wharf in the NSW suburb of Avalon, according to CoreLogic RP Data.
The property, <a href="https://www.realestate.com.au/property-house-nsw-avalon+beach-120938241" target="_blank">17 Riverview Road, Avalon Beach</a> (above) sold for $5,700,000 through David Watson and David Mackay of LJ Hooker Avalon Beach.
It last sold at $910,000 in 1983 as a land value for the 2076 sqm holding. More than $5 million was being tipped for the six bedroom home. 
Top ten sales
17 Riverview Road, Avalon Beach, NSW 6 bed, 5 bath, 3 car house $5,700,000 LJ Hooker Avalon Beach 
1 Elfrida Street, Mosman, NSW 6 bed, 4 bath, 2 car house $5,375,000 Simeon Manners Property Mosman 
26 Beatty Street, Balgowlah Heights, NSW 6 bed, 3 bath, 2 car house $4,600,000 Clarke &amp; Humel Property Manly 
70 St Johns Avenue, Gordon, NSW 4 bed, 3 bath, 3 car house $3,600,000 McConnell Bourn Lindfield 
54 Edward Street, Woollahra, NSW 2 bed, 2 bath, 1 car house $3,500,000 Phillips Pantzer Donnelley 
9 Wynette Avenue, Balwyn, Vic 4 bed, 5 bath, 6 car house $3,290,000 RT Edgar Boroondara 
5 Victory Street, Rose Bay, NSW 4 bed, 2 bath, 1 car house $3,120,000 The Agency Eastern Suburbs 
1 Dendrobium Crescent, Elanora Heights, NSW 5 bed, 2 bath, 6 car house $3,055,000 Belle Property Terrey Hills 
9 Fourth Avenue, Willoughby East, NSW 5 bed, 3 bath, 2 car house $3,050,000 LJ Hooker Willoughby 
138 Crescent Road, Newport, NSW 3 bed, 3 bath, 3 car house $3,000,000 LJ Hooker Avalon Beach 
</div>
</div>
</div>
</div></body></html>

Sydney Avalon trophy leads top ten sales list: CoreLogic RP Data

<html><body>
The ABC’s recently departed director of news Kate Torney and her husband, photojournalist John Donegan have sold their Alexandria home for around $2.2 million.
The couple has moved back to their home town of Melbourne where she recently took up the post of chief executive of the State Library of Victoria.
<a href="https://www.mcgrath.com.au/buy/house-alexandria-nsw-2015/274998/?searchID=56964368" target="_blank">The renovated Victorian-era cottage with modern extension</a> on nearly 300 square metres was bought in mid-2010 for $1.64 million. 
</body></html>

Librarian chief Kate Torney sells Alexandria cottage as she heads to Victoria

<html><body>
The top sale of the week was a six bedroom manor in Sydney's Strathfield on 1,460 sqm of land, according to CoreLogic RP Data.
The property, <a href="https://www.realestate.com.au/property-house-nsw-strathfield-120869501" target="_blank" style="line-height: 1.3em;">19 Newton Rd, Strathfield, NSW,</a> (above) sold for $5,850,000 through Steven Devine and Aaron Papadimatos from Devine Real Estate Strathfield.
But since it last traded in 2004 at $4.6 million it represented subdued 2.2 percent annual growth over the decade. 
 
CoreLogic RP Data's top ten sales:
19 Newton Rd, Strathfield, NSW, 2135, six-bedroom house, sold at auction on October 31 by Devine Real Estate Strathfield for $5.85 million
12 Haughton St, Linley Point, NSW, 2066, five-bedroom house, sold on October 30 by McGrath Estate Agents for $4.7 million
1/147 Victoria Rd, Bellevue Hill, NSW, 2023, four-bedroom unit, sold at auction on October 26 by Laing + Simmons Double Bay for $4.3 million
2/49 Beaumont St, Rose Bay, NSW, 2029, four-bedroom house, sold at auction on October 28 by Richardson &amp; Wrench Double Bay for $3.93 million
24A Johnson St, Chatswood, NSW, 2067, five-bedroom house, sold at auction on October 28 by McGrath Estate Agents for $3.6 million
20 Burnell St, Drummoyne, NSW, 2047, three-bedroom house, sold at auction on October 31 by Ray White Drummoyne for $3.6 million
2 Spicer Lane, Woollahra, NSW, 2025, four-bedroom house, sold at auction on October 27 by Bradfieldcleary Double Bay for $3.57 million
86 Hargrave St, Paddington, NSW, 2021, three-bedroom house, sold at auction on October 28 by Di Jones Real Estate Woollahra for $3.52 million
184 Headland Rd, North Curl Curl, NSW, 2099, four-bedroom house, sold on October 28 by Clarke &amp; Humel Property Manly for $3.45 million
3 Adderstone Ave, North Sydney, NSW, 2060, four-bedroom house, sold at auction on October 31 by McGrath Estate Agents for $3.45 million
</body></html>

Residential Sales

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Sales

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News