One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

Sandy Bay

<html><body>
A Sandy Bay home with views of the River Derwent has been listed for sale after a recent renovation.
The contemporary corrugated copper-clad waterfront on the dress circle Sandy Bay Road was built in the mid 1990s by local architect Garry Forward.
Spanning two levels, entry to the home is through a foyer bridge walkway over the indoor lap pool, opening to the main kitchen, living and dining area with stainless steel kitchen and feature gas fireplace.
Flanking the open plan living space is a terrace which acts as a breezeway to the master wing with marble ensuite.
The self-contained lower ground level homes a further two bedrooms, a kitchenette and a second living and dining space which accesses a second balcony with a hot tub and views overlooking the river.
The 955 square metre sloping block runs down to the river where there's a boatshed and direct beach access.
Knight Frank Tasmania agent Abi Freeman has the listing.
Offers over $2.65 million are being considered.
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jrobinson-rf4aSBido9

Renovated Sandy Bay trophy home listed for sale

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A waterfront designed home in inner Sandy Bay has been listed.
Nestled on a 753 square metre allotment, the two storey home at<a href="https://www.realestate.com.au/property-house-tas-sandy+bay-130594658" target="_blank"> 358 Sandy Bay Road</a> features north facing views over the River Derwent, with marina and jetties in the foreground.
<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/2019/2/28/sandy%20bay%202.jpg" alt="">
The upper level comprises of main kitchen-living-dining zone, fully tiled bathroom, study and double bedroom.
The lower level of the house comes with three north-facing double bedrooms, second living room, and home office.
Other highlights include floor to ceiling north-facing double glazed window units, feature Tasmanian timber walls, polished concrete floors, bespoke steel stair-case, and hydronic ceiling heating.
<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/2019/2/28/sandy%20bay%203.jpg" alt="">
Outside the home features double carport, low maintenance gardens, floating jetty, workshop and additional shed.
It has been listed by Steve Yannarakis from St Andrews Estate Agents Hobart.
The expression of interest campaign for the home seeks offers by March 19.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Waterfront Sandy Bay trophy home on the market 

<html><body>
Clydesdale Manor, the Georgian style mansion ran as a luxury small hotel in Sandy Bay, has been listed with $2.9 million.
The stately property at <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-128498286" target="_blank">292 Sandy Bay Road</a> was built as a gentleman's residence in the 1880s and has been operated for many years as a successful bed and breakfast.
It was most recently ran by Red Awnings.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/13/clyde2.jpg" alt="">
The property comprises eight ensuite rooms and a self-contained one bedroom apartment.
There's a formal lounge with open fireplace and a dining room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/13/clyde3.jpg" alt=""> 
The property at the end of a circular gravel lined driveway sits in 1960 sqm of formal gardens which feature mature deciduous trees and tows of dox hedged.
It is being sold on a walk-in, walk-out basis by Steve Yannarakis at St Andrews Estate agents.
Yannarakis suggests it could be converted back in to a residential property under its zoning.
 
 
 
 
 
 
 
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Sandy Bay's Clysdale Manor hotel for sale

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A Sandy Bay three bedroom house with historic significance serving as the coach house for the Mawhera Estate in the 1880s has been sold for $3.1 million.
Renovated in the 1960s by the current owners, the <a href="https://www.realestate.com.au/sold/property-house-tas-sandy+bay-128086170" target="_blank">504 Sandy Bay</a> house was featured on the cover of a 1968 copy of Australian Home Beautiful.
The lower level with views of the Derwent River features proportioned lounge-room, north-facing patio, and kitchen with the access to the patio.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/sandy%20bay%202.jpg" alt="">
The upper level comes with two large bedrooms and a sitting room both with water views, and a large bathroom. On the upper level are two large bedrooms and a sitting room, each with windows designed to capitalize on the water views. A large bathroom completes the accommodation on this level.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/sandy%20bay%203.jpg" alt="">
From Sandy Bay Road, secure wrought iron gates provide access to a garage and additional off-street parking; whilst on the river side, paths and steps meander through gardens to two boathouses on the water's edge and a semi-private beach.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/sandy%20bay%204.jpg" alt=""> 
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Historic Sandy Bay trophy home listing sold at auction

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A Sandy Bay five bedroom architecturally designed house with views of the River Derwent has been recently sold for $3 million.
<a href="https://www.realestate.com.au/sold/property-house-tas-sandy+bay-127642362">Situated at 30 Nicholas Drive</a>, the Tasmanian home was sold by Abi Freeman from Charlotte Peterswald For Property.
The lower level features open plan living area comprising living space, dining area, and kitchen with Miele appliances.
<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/2018/4/12/SANDY%20BAY%202.jpg" alt="">
Beyond the open plan living room, there is a study, bathroom, spacious family room that opens onto outdoor entertaining area.
It comes with master suite with water views, three double bedrooms with built-in wardrobes, wine cellar and double garage.
<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/2018/4/12/SANDY%20BAY%203.jpg" alt="">
Additional features include Sonos home entertainment system, CCTV, double glazing and rainwater tanks for watering the garden.
<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/2018/4/12/SANDY%20BAY%204.jpg" alt="">
It was last trade for $550,000 in 2011.
 <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/2018/4/12/SANDY%20BAY%205.jpg" alt="">
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Sandy Bay five bedroom house sold for $3 million

<html><body>
Sandy Bay ranks as the most expensive place in Hobart to purchase a house, according to a recent Investar report.
The property investment firm says that the median house price in Sandy Bay is $850,000.
This is followed by West Hobart with $690,000 and New Town with $600,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="96">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="96">
Sandy Bay
</td>
<td valign="top" width="64">
7005
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$850,000
</td>
</tr>
<tr>
<td valign="top" width="96">
West Hobart
</td>
<td valign="top" width="64">
7000
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$690,000
</td>
</tr>
<tr>
<td valign="top" width="96">
New Town
</td>
<td valign="top" width="64">
7008
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$600,000
</td>
</tr>
<tr>
<td valign="top" width="96">
Blackmans Bay
</td>
<td valign="top" width="64">
7052
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$569,000
</td>
</tr>
<tr>
<td valign="top" width="96">
Tranmere
</td>
<td valign="top" width="64">
7018
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$547,500
</td>
</tr>
<tr>
<td valign="top" width="96">
Mount Nelson
</td>
<td valign="top" width="64">
7007
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$499,000
</td>
</tr>
<tr>
<td valign="top" width="96">
South Hobart
</td>
<td valign="top" width="64">
7004
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$495,000
</td>
</tr>
<tr>
<td valign="top" width="96">
Kingston
</td>
<td valign="top" width="64">
7050
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$492,500
</td>
</tr>
<tr>
<td valign="top" width="96">
North Hobart
</td>
<td valign="top" width="64">
7000
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$475,000
</td>
</tr>
<tr>
<td valign="top" width="96">
Lindisfarne
</td>
<td valign="top" width="64">
7015
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$460,000
</td>
</tr>
</tbody></table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-sandy+bay-124612226" target="_blank">13 Powell Street</a>, Sandy Bay (above) has been listed for over $895,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-sandy+bay-124351546" target="_blank">56 York Street</a>, Sandy Bay (below) was sold on March this year for $850,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/18/56%20York%20Street.jpg" alt="">
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Sandy Bay the most expensive locality in Hobart to purchase a house: Investar

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PRDnationwide’s Hobart Property Hotspots Second Half of 2016 nominated three affordable unit hotspots for 2017.
They included Sandy Bay, Kingston and Howrah.
Sandy Bay
OVERVIEW
Approx. distance from CBD: 2km
Median unit price: $400,000
• 1 Bed Median Price $265,000
• 2 Bed Median Price $370,000
• 3+ Bed Median Price $575,000
Close to Hobart’s CBD, Sandy Bay is often associated with an expensive price tag, however its unit market is an attractive property option.
Although at the higher end of the unit hotspots it has continually displaying sought-after potential during 2016.
Median prices climbed 6.1% from 2015, double the growth of the previous year.
The area is set to have $5.1 million worth of new projects under construction by the end of 2016, adding further foundations for future growth in the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-sandy+bay-124169774" target="_blank">1/16 Chessington Court</a>, Sandy Bay (above) was sold for $407,500.
Kingston
OVERVIEW
Approx. distance from CBD: 12km
Median unit price: $310,000
• 1 Bed Median Price $146,000
• 2 Bed Median Price $281,500
• 3+ Bed Median Price $357,500
Kingston features as both a unit and house hotspot this half year.
The area has shown positive movement over previous years creating confidence in its property market.
This confidence is underpinned by the commitment to improving the area by additional developments valued at $9.3 million.
The project focus is on additional residential stock to the market at a total of $5.5 million.
The further $3.8 million of project developments is shared between a infrastructure and commercial projects.
A three bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-kingston-123509838" target="_blank">1/65 Hutchins Street</a>, Kingston (below) has been listed for sale for $315,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/1_65%20Hutchins%20Street.jpg" alt="">
Howrah
OVERVIEW
Approx. distance from CBD: 7km
Median unit price: $300,000
• 1 Bed Median Price $175,000
• 2 Bed Median Price $290,000
• 3+ Bed Median Price $365,000
Located on the eastern shore of Hobart is the beachside suburb of Howrah.
Enjoying views of the Derwent River and the Hobart CBD this suburb has a lot on offer for its broad range of demographics.
From the many parks with walking tracks to recreation areas and more, Howrah boasts a sought-after living and lifestyle environment.
Recent upturns in sale prices, along with attractive investment returns, extremely low vacancy rate of 0.2%, and solid rental yield of 4.8%, reflect the strong potential of the area.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-howrah-123846686" target="_blank">2/13 Hance Road</a>, Howrah (below) has been sold for $305,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/02/2_13%20Hance%20Road.jpg" alt="">
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Sandy Bay

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