ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Ryde

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<img src="/images/2016/12/07/CWG-logo-270W-trans.png" alt="" width="433" height="117">
SPONSORED POST
One of Australia’s fastest growing diversified property company’s CWG Development (formerly Chiwayland) has purchased one of Ryde’s most prominent prime locations situated at 771–775 Victoria Road.
The company has recently launched an iconic structure on the site known as Stellar Ryde, designed by award winning architects SJB.
Jennifer Loh, head – sales and marketing for CWG Development, comments: “CWG purchased the site in February this year and knew it had the potential to become something very special. Its central location in one of Sydney’s fastest growing areas has made it very appealing due to its accessibility to major shopping precincts, transport links and employment hubs including Epping, Eastwood, Macquarie Park and Sydney’s CBD.
“Stellar Ryde is located at the gateway to Ryde and will set a new benchmark for sophistication in Ryde. It represents the epitome of luxurious living in a green suburban metropolis. SJB has designed a striking bold structure and beautiful interiors, supported by leading engineers, builders and town planners to help bring CWG Development’s vision to life.”
CWG Development entered the Australian market in 2014, supported by its parent company CWG International Limited, which is listed on the Singapore Stock Exchange, and ranked as one of the top 100 real estate development enterprises in China.
In a very short period of time the company has become one of the leading property developers in Australia, delivering residential apartments and mixed use developments across both Sydney and Brisbane. The project value is currently in excess of $1.1 billion with total sales exceeding $340 million. 
Loh added: “The company’s future is looking very bright in this great country. CWG Development will continue to expand its property portfolio and seek well located sites in growth suburbs like Ryde to develop quality projects that will enhance the communities where they are located.”
For further information visit <a href="https://www.stellarryde.com.au/" target="_blank">www.stellarryde.com.au</a> or the display suite at 819b Victoria Road, Ryde which is open daily from 11am to 4pm.
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CWG Development expands into Ryde

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<img src="/images/2016/12/07/CWG-logo-270W-trans.png" alt="" width="437" height="118">
SPONSORED POST 
Acclaimed architects SJB has revealed its latest signature design  – Stellar Ryde which is an $80 million development located in the heart of Ryde.
Ninety five luxurious apartments are spread across two towers reaching nine and five storeys high with prices starting from $599,000 for a one bed.
Gabrielle Suhr, associate SJB Architects, comments: “Bright metallic ribbon like balustrades wrap and shimmer around the solid exterior which brings an element of movement to the façade. The contoured and geometric architecture establishes a unique street presence. 
“Stellar Ryde’s striking grand forms feature a unique blend of colours, with radiant orange on lower levels ascending to yellow and white as the building meets the sky. Bronze louvres and charcoal renders support the autumn colour palette to unveil a distinctive and smart design.
“The interiors reflect the playfulness of the façade with the majority of the apartments enjoying light spanning the depth of the spaces. Shelving details in bright colours bring a touch of the signature yellow into the apartments, while a colour palette of elegant navy and white joinery options bring a crispness to the interiors that are framed by the bronze coloured window details.”
Stellar Ryde comprises 38 one beds, 53 two beds and four three beds. Nine floor plate options are on offer and 24 apartment types. Landscaped gardens and outdoor living areas will also support Stellar Ryde in addition to 208 square metres of retail space on the ground level. Building A also features a roof top terrace with a BBQ and picnic area for recreational activities. Also, 121 car spaces are included in the project (95 residential, 19 visitors, seven retail).
The spacious apartments boast floor to ceiling windows, open-plan layouts, chic modern kitchens with island benches and glazed splashbacks and splendid views of the district and city skyline from most apartments. 
For further information visit <a href="https://www.stellarryde.com.au/" target="_blank">www.stellarryde.com.au</a> or the display suite at 819b Victoria Road, Ryde which is open daily from 11am to 4pm.
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SJB presents its stunning Stellar Ryde design

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<img src="/images/2016/12/07/CWG-logo-270W-trans.png" alt="" width="426" height="115">
SPONSORED POST
Ryde, which is the third-oldest settlement in New South Wales behind Sydney and Parramatta will soon be given a new lease of life with the emergence of Stellar Ryde.
Construction is expected to start early in the new year on Stellar Ryde, which comprises ninety five luxurious apartments across two towers reaching nine and five storeys high.
Jennifer Loh, head – sales and marketing for CWG Development, comments: “Ryde is an area that is steeped in history and is surrounded by great infrastructure with an abundance of entertainment, shopping and recreational facilities for the locals to enjoy. Its tree lined streets merge with traditional family sized homes and new dwellings to suit buyers of all ages and demographics.
“Stellar Ryde will bring a new level of sophistication to this beautiful suburb which is peppered with lifestyle choices. Whether you are seeking to go for a walk, run or swim there is an abundance of options. Ryde’s Aquatic Leisure Centre was home to the 2000 Sydney Olympics and is a favourite venue, enjoyed by the entire community.”
Prices start at $599,000 to $675,000 for one bed (52-59 square metres internal), two beds are priced from $810,000 to $940,000 (75-80 square metres internal) and three beds are priced from $999,000 to $1.16 million (97 square metres internal). All apartments include parking and most enjoy a Northerly aspect. 
Stellar Ryde is located within 1.5 kilometres to West Ryde and Meadowbank train stations and several bus stops are located along Victoria Road which connect to the city. Top Ryde City Shopping Centre, Ryde Aquatic Leisure Centre, Ryde Park and Meadowbank Memorial Park also easily accessible.
Rhodes is a 3.7 kilometre commute, Eastwood is 4.4 kilometres, Concord Hospital is 4.7 kilometres, Macquarie Park is 5.8 kilometres and the Sydney CBD is 13 kilometres.
There are also several excellent schools in the near vicinity including Ryde Public School, St Charles Catholic Primary School, Northcross Christian School and Gladesville Public School.
For further information visit <a href="https://www.stellarryde.com.au/" target="_blank">www.stellarryde.com.au</a> or the display suite at 819b Victoria Road, Ryde which is open daily from 11am to 4pm.
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Luxurious living comes to Ryde

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<img src="/images/2016/12/07/CWG-logo-270W-trans.png" alt="" width="452" height="122">
SPONSORED POST
CWG Development (formerly Chiwayland) has unveiled its latest boutique project – Stellar Ryde, a stunning $80 million structure designed by award winning architects SJB. 
Located in the heart of Ryde’s central business district on Victoria Road minutes to Top Ryde Shopping Centre, Stella Ryde comprises of 95 stunning apartments spread across two towers reaching nine and five storeys high that wrap around a central landscaped courtyard.
Shayne Harris, director residential at Savills Australia and project director for Stellar Ryde, comments: “Stellar Ryde will set a new standard for luxury and sophistication in Ryde. It represents contemporary living at its best and offers a vibrant and well-connected lifestyle that is within a short drive to major employment and transport hubs including Epping, Eastwood, Macquarie Park, Rhodes and Sydney’s CBD.
“The striking architectural design by SJB will ensure Stella Ryde will become an iconic structure on the suburb’s skyline. Its superbly designed spacious interiors complement the exterior. The expansive views of the Parramatta River across to the city are breathtaking and will command buyer attention. Purchasers who are attracted to quality and style will be drawn to this project.”
Prices start at $599,000 to $675,000 for one bed (52 - 59 square metres internal), two beds are priced from $810,000 to $940,000 (75 - 80 square metres internal) and three beds are priced from $999,000 to $1.16 million (97 square metres internal). All apartments include parking and most enjoy a Northerly aspect. 
For further information visit <a href="https://www.stellarryde.com.au/" target="_blank">www.stellarryde.com.au</a> or the display suite at 819b Victoria Road, Ryde which is open daily from 11am to 4pm.
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Stellar Ryde launches with its striking bold architecture

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<img src="/images/2016/12/07/CWG-logo-270W-trans.png" alt="" width="455" height="123">
SPONSORED POST
SJB architect’s stunning Stellar Ryde is strategically positioned at the gateway to one of Sydney’s fastest growing suburbs. The area is undergoing significant change and benefiting from major infrastructure investment in the region.
The project is situated in a thriving green suburban metropolis. Parks, shopping centres, restaurants and schools are all easily accessible, creating the perfect lifestyle destination.
Jennifer Loh, head of sales and marketing for CWG Development, comments: “Stellar Ryde was a strategic purchase in the expanding North West corridor. Ryde offers a clean and green lifestyle with plenty of open spaces, yet is still accessible to major transport links and employment hubs. It offers the epitome of luxurious living in a thriving suburb. 
“There is a broad range of apartment types to suit every purchaser. Most of the sales have been to local buyers who understand the superior proposition Stellar Ryde offers them. The unique architectural façade and stunning interiors will appeal to any discerning purchaser.”
Prices start at $599,000 to $675,000 for one bed (52-59 square metres internal), two beds are priced from $810,000 to $940,000 (75-80 square metres internal) and three beds are priced from $999,000 to $1.16 million (97 square metres internal). All apartments include parking and most enjoy a Northerly aspect. 
Stellar Ryde is located within 1.5 kilometres to West Ryde and Meadowbank train stations and several bus stops are located along Victoria Road which connect to the city. Top Ryde City Shopping Centre, Ryde Aquatic Leisure Centre, Ryde Park and Meadowbank Memorial Park also easily accessible.
Rhodes is a 3.7 kilometre commute, Eastwood is 4.4 kilometres, Concord Hospital is 4.7 kilometres, Macquarie Park is 5.8 kilometres and the Sydney CBD is 13 kilometres.
There are also several excellent schools in the near vicinity including Ryde Public School, St Charles Catholic Primary School, Northcross Christian School and Gladesville Public School.
For further information visit <a href="https://www.stellarryde.com.au/" target="_blank">www.stellarryde.com.au</a> or the display suite at 819b Victoria Road, Ryde which is open daily from 11am to 4pm. 
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Stellar Ryde – the gateway to Ryde

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Apart from one standalone area, it is cheaper to buy a house in Greater Sydney than it is to rent, according to RiskWise Property Research.
Ryde is the only SA4 where the interest-only loan repayments for owner-occupiers in all of Greater Sydney are higher than the annual rent. In all other areas interest-only loan repayments are low, and in some cases well below the annual rent. There are also areas where only a small additional amount is required to also cover the ‘full mortgage’, i.e. both the principal and the interest repayments.
Co-founder of Buyers Buyers, an aggregator providing affordable buyer’s agency services to all Australians with its national panel, Pete Wargent said that while there are multiple factors that should always inform a buying decision, the buy versus rent equation has shifted this year due to lower mortgage rates.
“In the current environment prospective buyers need to consider the reliability of their employment and whether they have a reasonable buffer” Mr Wargent said.
“However, it’s clear that without as much from competition from investors many first-time buyers are now looking to get in”.
RiskWise CEO Doron Peleg said ultra-low interest rates had created a unique environment where buying a house in many areas was cheaper than paying rent on one.
He said in many areas, rent money was dead money, and that renters with secure jobs were better off buying a house than continue paying someone else’s mortgage.
“Except for Ryde, interest-only loan repayment amounts for owner-occupiers in Greater Sydney are below the equivalent annual rent, so it often makes sense to take advantage of the current ultra-low interest rates rather than continue to rent,” Mr Peleg said.
“In addition, except for in the Inner West, North Sydney and Hornsby, and Ryde, it's also cheaper to buy than rent for interest-only property investors in the whole of Greater Sydney, despite declining apartment rents in some areas”.
He said for principal and interest loans, owner-occupier repayments were higher than the annual rent of Greater Sydney, however, the monthly difference was less than $500 in five SA4 areas which included the Central Coast, with only a $15 difference, and outer suburbs such as Outer South West, Outer West and the Blue Mountains.
“Areas such as the city’s western suburbs and the Central Coast have enjoyed exceptional capital growth over the past 10 years with further positive projections in the medium to long term, especially as more and more people work remotely and can enjoy a sea or tree-change without having to seek accommodation close to employment hubs, but rather move for lifestyle benefits,” he said.
“If you buy a house you can start building equity, particularly when you take a long-term strategic view and are in a good position to negotiate well and buy a ‘Grade A’ property that will serve your family to many years to come.
“Our research also shows that nationally the interest-only repayments for both owner-occupiers and investors is lower than the annual rental cost of renting in most of the 88 areas at the statistical area level 4 (i.e. SA4s). Therefore, funding costs are lower than rental payments across all states and territories.
“And, except for Sydney and Melbourne, in all other states and territories, even the principal and interest repayments are lower than the annual rent, assuming that you have a 20 per cent deposit.
“No interest rate rises are expected in the foreseeable fortune and the intense competition between the banks is only going to further intensify, meaning buyers are in a very strong position to continue enjoying ultra-low interest rates.”
Mr Peleg said the biggest savings were in the capital cities where rental returns were the highest.
Mr Wargent of Buyers Buyers said “a sustained period of ultra-low interest rates seems almost certain in the foreseeable future and is likely to have a positive impact on the market during 2021. In fact, RBA research has found that for every 1 percentage point reduction to the cash rate, property values may increase 8 per cent over the following two years.”
Ultra-low interest rates have led some lenders to offer introductory home loan variable rates of 1.99 per cent, a move which follows the launch of the first fixed rate of less than 2 per cent.
Over the medium and the long term, Mr Wargent said solid price growth was highly likely for houses, particularly due to a systematic undersupply in the inner and middle rings, and also in the more affordable outer areas with good access to the CBD, such as the western suburbs.
Mr Peleg of RiskWise said “what this all means is now is the time to buy if you are a first home buyer or an owner-occupier as this current slowdown in the property market is only temporary, with houses in popular areas likely to experience solid capital growth in the medium to long term. However, it must be stressed that units carry a higher risk and at this point of time so this strategy should only be considered for houses.
“Once the COVID-19 issue is resolved, most likely in 2021, the traditional connection between low interest rates and increase in dwelling prices is likely to take place."
Mr Wargent of Buyers Buyers said investors with a long-term view could also benefit despite interest repayments for investment properties being slightly higher.
“If the rent covers their monthly interest repayments, they are in a good situation. There is a relationship between low interest rates, low out of pocket expenses and stronger demand and this is very attractive to investors,” he said.
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Cheaper to buy than rent in Sydney everywhere except for Ryde: RiskWise

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Coles West Ryde has been listed for sale with expectations it will sell for around $23 million.
It's the first Sydney metropolitan freestanding supermarket with no specialty tenants, to hit the market in 2019. 
Offered by Coles Group Property Developments Ltd, it sits on the ground level, supported by a Liqourland, of a near new apartment building.
The 3,975 sqm strata-titled supermarket with 300 car basement parking is being sold by Colliers International’s James Wilson and Alex James-Elliot.
"Coles Supermarket and Liquorland feature a market leading 12-year net lease structure which offers ease of management to a purchaser," Wilson said.
“Coles West Ryde presents exceptionally well, occupying a high profile and convenient position in West Ryde’s CBD," Wilson says.
“The supermarkets income growth potential is set to benefit from the Main Trade Area’s affluent catchment with household income over 13% above the Australian average, whilst the non-discretionary expenditure is forecast to grow at 5% per annum to 2031”
Alex James-Elliot said the property provides a non-discretionary, defensive income stream for potential investors. 
"The risk adjusted returns, when viewed through the currently low interest rate and return on cash environment, will prove attractive to domestic and offshore private investors seeking a secure long-term investment.”
The forthcoming sale of Coles West Ryde continues Coles capital recycling strategy which included the sales by Colliers International of Willowdale Shopping Centre in June 2019 for $34.8 million, Coles Mayfield Development Site in Newcastle for $8.9 million in September 2019.
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Coles West Ryde listed for $23 million

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EXPERT OBSERVATION
The release of the stage 1 Assurance Review of Planning in Ryde LGA demonstrates fundamental problems with the Sydney planning system.
The Greater Sydney Commission Assurance Review of planning in Ryde says the level of growth across the LGA was unanticipated but it is right on the GSC’s own targets.
The GSC state that over 3 years 4,500 dwellings have been completed which averages 1,500 a year. Over a 5 year period this growth would amount to 7,500 dwellings which is below the GSC’s 5 year target of 7,600. It seems amazing that the GSC says they did not anticipate growth to match their own target.
The GSC Report also states that the Department of Planning and Environment’s supply forecasts estimated that 9,500 dwellings would be built up to 2021/22 yet apartment dwelling approvals in NSW have collapsed by 40 per cent in the last year. The Planning Department must be more up to date with the state of the new housing industry.
The Assurance Review also states that there is a disconnect between planning and infrastructure delivery in Ryde but this must surely be a key responsibility of the GSC and of the NSW Government.
The assurance Review outlines a number of actions ‘to restore community confidence in local planning’ in Ryde but the report ignores the need for the development and investment industry to have confidence in the planning process.
The development industry, who have only followed the GSC and council plans, are the big losers with the suspension of all new planning proposals in Ryde as well as all existing planning proposals (announced for the first time) be put on hold for a 12-month period. Clearly there is NO assurance about planning in Ryde for the businesses that spend millions of dollars in proposals that follow the GSC’s rules.
The greatest admission of failure by the Greater Sydney Commission is their statement that their ‘observations’ and ‘recommendations’ in Ryde ‘will have application across Greater Sydney’.
So this questions all of the dwelling targets and the roll out of infrastructure across the whole metropolitan area of Sydney. And this is 12 months after, with great fanfare, the GSC’s Greater Sydney Region Plan was released in March 2018.
With dwelling approvals collapsing in Sydney and many approved projects being put on hold the last thing we need is to delay all planning for two years while new Master Plans are produced.
The Urban Taskforce believes whoever forms government on 23 March must look to stimulate the housing industry rather than put planning on hold.
CHRIS JOHNSON is the Urban Taskforce CEO 
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Ryde Assurance Review shows planning is a mess: Chris Johnson

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HAVING just penned a new deal to stay at the Manly Sea Eagles until 2021, second-row stalwart Curtis Sironen has bought again in the Ryde apartment market.
He has spent $1.03 million in the Putney Hill project, which features landscaped grounds with a 3km fitness track.
The 85 sqm unit has two bedrooms and two bathrooms. Ryde was the hardest hit suburb across Sydney in 2018, with dwelling values declining 13.5 per cent.
Sironen started his career at the Wests Tigers in 2012, before leaving for Manly in 2016. He is the son of Balmain Tigers legend Paul Sironen.
This article was first published in the Saturday Daily Telegraph.
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Sea Eagle Curtis Sironen buys Ryde apartment

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The Ryde district ranked as Sydney's weakest 2018 housing market, according to CoreLogic.
Ryde values were down by 13.3 percent over the year to December 31.
Sydney's inner south west was the next weakest with values down 10.9 percent.
Melbourne's inner east was the worst performing area of 2018, seeing <a href="/expert-insights/buying/melbournes-inner-east-the-nations-weakest-house-price-market-in-2018-corelogic">declines of 13.4 percent</a>.
There was a late year deterioration in values as Ryde's decline was put at 9.4 percent in August (below).
Recent Ryde sales included a one-bedroom apartment at 4 Devlin Street (above), which sold for $565,000, some $115,000 less than its 2014 off the plan purchase price.
<div dir="ltr">
Ryde district vendors were having to adjust their expectations with losses emerging for some.</div>
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<div> </div>
<div>Another off the plan purchase in Ryde went backwards recently. </div>
<div> </div>
<div>The apartment was bought for $713,000. The Belmore Street two bedroom apartment recently sold for $691,000.</div>
<div> </div>
<div>A two bedroom Macquarie Park apartment recently sold for $808,000, just $8,000 more than than two years ago. The sale fell well short of its initial $870,000 guide, and would have meant a loss after costs including stamp duty and estate agent commission.</div>
<div> </div>
<div>A four bedroom house in Marsfield recently went backwards on its 2015 price. The 1975 built home sold for $1,791,000 in three years ago, and has just resold for $1.75 million, a $41,000 loss.</div>
</div>
A unit at 21-31 Porter Street fetched $66,000 less, while a unit at 2D Porter Street sold for $38,000 less than four years ago.
<a href="https://www.propertyobserver.com.au/images/2019/1/2/Ryde4.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/2/Ryde4.jpg" alt="">
A three bedroom house in Ryde sold for $1.65 million (pictured below) bucked the trend selling in under three weeks.
Set on a 550sqm block, the house at<a href="https://www.realestate.com.au/sold/property-house-nsw-ryde-129030918" target="_blank"> 1 Cosimo Place</a> offered three large bedrooms, modern Caesarstone kitchen, formal living and second living area.
Other features include LED-lit stairs, alfresco, generous laundry and study nook. 
It sits a short stroll to buses and parklands, and delivers immediate access to schools, retails and Macquarie business precinct. 
 <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/2018/9/4/1%20cosimo%20place.jpg" alt="">
A one bedroom unit in the heart of Ryde sold for $430,000 (pictured below). It first sold at $281,000 in 2012.
The unit situated at<a href="https://www.realestate.com.au/sold/property-apartment-nsw-ryde-128796734" target="_blank"> 1/688 Victoria Rd</a> consists of one bedroom with built-in, spacious lounge/dining area, modern kitchen and private courtyard.
It is situated only a short walk away from Top Ryde Shopping Centre, Putney Shopping Village, Local Transport, Schools and Riverside Parklands.
 <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/2018/9/4/688%20victoria%20rd.jpg" alt="">
A Curzon Street two-bedroom unit priced between $580,000 to $630,000 (pictured below) fetched $568,000 in October.
The unit at <a href="https://www.realestate.com.au/property-unit-nsw-ryde-129234978" target="_blank">7/15 Curzon Street</a> comprises of large living area with balcony, newly renovated kitchen, two large bedrooms and lock-up storage room.
It situated within seconds to Top Ryde City Shopping Centre, city buses, restaurants and cafes.
<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/2018/9/4/15%20curzon%20st.jpg" alt="">
 
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