Strategic government planning will be crucial in addressing the ongoing supply/demand imbalance in Brisbane’s residential market, as new supply continues to lag.

That’s one of the conclusions from a new CBRE market analysis, which highlights positive fundamentals but ongoing challenges for both the Brisbane and broader South East Queensland residential market.

[smartcode_project:default project_id=136432 project_image_fid=5479]

While 5,600 apartments and townhouses are projected to be completed in Brisbane this year – up from an average of 3,500 in the five years to 2024 – CBRE Research Director Craig Godber said this figure had been somewhat inflated by project delays, which had shifted some anticipated 2024 completions into 2025.

Godber noted that recent completion levels were also well below the peak period in 2016 and 2017 when annual additions averaged around 12,500 units and townhouses.

“Brisbane's residential market is experiencing unprecedented growth, with demand outstripping supply," Godber said.

"Strategic planning by the State Government is crucial in addressing this imbalance and ensuring sustainable development."

Godber noted that low supply levels had translated into an extended period of low vacancy rates, with Brisbane’s metropolitan vacancy being at or below 1.5% since early 2021 and hitting 0.9% as at March this year.

These tight market conditions are evident across all city precincts.

[smartcode_project:default project_id=149098 project_image_fid=330588]

Looking ahead, adjusted additions between 2025 and 2029 are forecast at 23,200 dwellings, or 4,600 per annum, with 60% of these expected to be concentrated in Brisbane’s inner city.

“Brisbane’s low vacancy rate highlights the urgent need for additional residential supply and the forecasted growth in dwelling completions is a positive step towards meeting this demand,” Godber said.

[smartcode_project:default project_id=7574 project_image_fid=3770]

CBRE Metropolitan Investments Director Will Carman said Brisbane’s population expansion and strong demand fundamentals were driving interest in city development sites, but he noted that developer attitudes were shifting.

“As construction pricing continues to climb, developers are becoming more discerning. The focus has shifted toward delivering high-quality, well-located residential communities that can withstand market pressures and meet long-term demand,” Carman said.

He also noted the issue of affordability, with Brisbane’s median house price having crossed the $1 million mark.

“This reflects not only the city’s strong fundamentals and sustained demand, but also the growing challenge of affordability - particularly for first-home buyers. This price growth underscores the importance of strategic planning and quality development to meet evolving market expectations,” Carman said.

Developer focus shifts to high-quality, well-located residential communities that can withstand market pressures and meet long-term demand, new CBRE analysis shows

Joel Robinson

Challenges and opportunities in Brisbane’s residential market as supply lags

Not only is growth in Brisbane’s unit market lasting longer, it’s also getting stronger.

In August, unit values climbed a further 1.3 per cent, one of the strongest monthly results the Queensland capital has recorded in 2025, pushing the median unit value beyond $740,000, according to Cotality’s latest Home Value Index.

Over the rolling quarter, unit values surged 3.9 per cent, and are now 11.1 per cent higher year-to-date,&nbsp;making Brisbane the strongest-performing capital city unit market in the country.

The city’s apartment sector is also comfortably outpacing detached housing in 2025. House values rose 1.2 per cent in August to reach a median of $1.04 million, but quarterly growth was softer at 2.9 per cent, with an annual gain of just 7.3 per cent.

This widening divergence highlights the relative affordability of apartments and the intensifying demand for medium-density housing amid constrained supply,&nbsp;a trend reshaping Brisbane’s property market.

&nbsp;

<h2>What happened in Brisbane’s off the plan apartment market in August?</h2>

It was a busy month in Brisbane's off the plan property market, with new projects coming to the market, new projects and approved, and some hitting major construction milestones.

&nbsp;

Gold Coast developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> revealed its debut Brisbane apartment development to the market, starting to take expressions of interest for&nbsp;<a href="https://www.apartments.com.au/new-apartments/symphony-south-brisbane-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a>&nbsp;in South Brisbane.&nbsp;

The 138-apartment development, part of Sherpa’s affordability-focused Flourish brand, is located near Fish Lane and aims to deliver quality homes at more accessible price points.&nbsp;

[smartcode_project:default project_id=7574 project_image_fid=3444]

Symphony’s one-, two-, and three-bedroom apartments will start from $655,000, with eligible first-home buyers benefiting from Queensland’s new stamp duty exemptions.&nbsp;

Over 1,400 sqm of communal amenity, including workspaces, rooftop pool, wellness centre, and private dining, will support a lifestyle-driven community.&nbsp;

Read more: <a href="https://www.apartments.com.au/news/qld/sherpa-opens-pre-release-for-debut-brisbane-apartment-development-symphony">Sherpa opens pre-release for debut Brisbane apartment development, Symphony</a>

Two new project launches in the same month is something Brisbane hasn’t seen in years. Joining Symphony at launch was <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a>, a 72-apartment development rising opposite Raymond Park in East Brisbane

To be developed by joint venture partners <a href="https://www.apartments.com.au/developers/core-property-partners">Core Property Partners</a> and <a href="https://www.apartments.com.au/developers/vector-property">Vector Property</a>, BANKSII has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a>&nbsp;to reinterpret and integrate the flow of the&nbsp;native Banksia flower into the architecture.

The rooftop will include a suite of wellness amenities including a pool, sauna, gym, and alfresco spaces.&nbsp;

[smartcode_project:default project_id=136432 project_image_fid=5476]

&nbsp;

With the Kangaroo Point Green Bridge, The Gabba, and Cross River Rail all within walking distance, BANKSII is poised to benefit from Olympic precinct investment in the lead-up to 2032.

Read more: <a href="https://www.apartments.com.au/news/qld/banksii-sales-launch-in-booming-east-brisbane-apartment-market">BANKSII sales launch in booming East Brisbane apartment market</a>

August saw major construction milestones achieved both in and out of the city.

<a href="https://www.apartments.com.au/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;celebrated the completion of the Uno building at West Village, unveiling its largest apartments, up to 347 sqm internally, as part of <a href="https://www.apartments.com.au/new-apartments/the-allere-collection-west-village-mollison-street-west-end" target="">The Allere Collection</a>.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=5698]

Positioned in one of Brisbane’s most mature masterplanned precincts, the new residences target the undersupplied upper end of the market, offering rooftop gardens, pools, and pet-friendly amenities like the Paw Pavilion.&nbsp;

The Uno tower follows strong interest in its sold-out sister building Duo, due for completion in late 2025.

Read more: <a href="https://www.apartments.com.au/news/qld/sekisui-house-unveils-allere-unos-largest-apartments-as-building-completes">Sekisui House unveils Allere Uno's largest apartments as building completes</a>

At <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a> in Brisbane’s south, <a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a> also marked a key construction milestone at Citrine Townhomes, with stage one now in the defects phase and full completion of all building works.&nbsp;

Stages one and two are fully sold out, while the recently launched stage three has just 10 four-bedroom homes remaining, priced from $1.125 million.&nbsp;

[smartcode_project:default project_id=136295 project_image_fid=2663]

Across the three stages, <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> will deliver 90 three and four-bedroom homes with landscaped resident amenities, including a pool and BBQ area.&nbsp;

Settlements for stage one are expected to commence from October 2025.

Read more: <a href="https://www.apartments.com.au/news/qld/first-stage-of-townhouses-at-citrine-rochedale-reaches-completion-milestone">First stage of townhouses at Citrine Rochedale reaches completion milestone</a>

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> is expected to launch its new West End project after receiving development approval from the Brisbane City Council in August.

The new development,&nbsp;<a href="https://www.urban.com.au/new-apartments/tannery-residences-439-montague-road-west-end-qld-4101">The Tannery Residences</a>, will see the historic Dixon's Tannery reimagined into a 10-level apartment building that will&nbsp;integrate the original 19th-century building into a resident wellness hub dubbed The Retreat, featuring a sauna, plunge pools, gym, Pilates studio, and co-working areas.&nbsp;

<img alt="McNab secures approval to transform West End's Dixon’s Tannery into The Tannery Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/McNab%20The%20Tannery_Render_09.jpg?VersionId=Ucpd19J0ABOpzetZ.BsyYmS_x2N2QV_g" />

The 81 residences, ranging from two to four bedrooms, will be complemented by expansive rooftop amenities, including a pool, dog-friendly zones, and outdoor dining.&nbsp;

McNab plans to begin construction in Q3 2025, with completion expected by late 2027.

Read more: <a href="https://www.apartments.com.au/news/qld/mcnab-secures-approval-to-transform-west-ends-dixon-s-tannery-into-the-tannery-residences">McNab secures approval to transform West End's Dixon’s Tannery into The Tannery Residences</a>

&nbsp;

One of the largest applications the local council has seen in years hit the new apartment pipeline in August.

Verso Development filed plans for Toowong Central, a $1 billion precinct across three towers delivering 1,100 apartments to Brisbane’s undersupplied inner-west.&nbsp;

&nbsp;

&nbsp;

<img alt="$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/architecture.png?VersionId=G7zTAAtY9Nj3muYKNSFxD_dzEWMqRn3X" />

Designed by <a href="https://www.apartments.com.au/architects/kerry-hill-architects">KHA</a>, the scheme includes short-term accommodation and a civic plaza, and aims to reclaim <a href="Toowong">Toowong</a>’s identity with subtropical urbanism and integrated public realm outcomes.

Read more: <a href="https://www.apartments.com.au/news/qld/1-billion-toowong-central-to-deliver-1-100-apartments-to-undersupplied-brisbane-market">$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market</a>

City Beat August 2025: Brisbane unit values surge again in August, as two new apartment developments launch to market

Summit &amp; Ridge, the fourth stage of Sekisui House Australia's Sanctuary in Wentworth Point, secured a flurry of sales at its recent launch.

More than 80 per cent of purchasers of&nbsp;<a href="https://www.apartments.com.au/new-apartments/summit-ridge-at-sanctuary-wentworth-point-14-16-hill-road-wentworth-point-nsw-2127">Summit &amp; Ridge</a>&nbsp;were owner occupiers, underlining the strong demand from buyers looking to live within the new&nbsp;riverfront community. Over 40 apartments were sold valued at $46.5 million within three hours of the launch event, with an average price of $1.107 million.

“Buyers appreciated the larger layouts in this stage and the sense of space Summit &amp; Ridge offers,"&nbsp;said Matthew Landa, Senior Sales Executive – Apartments &amp; Mixed-Use Developments.

"The combination of generous apartments, exclusive amenities and unique position on the Parramatta River peninsula helped with sales. Many told us they could picture themselves living here, it is a place that feels established, green and connected, yet private."

The launch drew interest from local buyers within a 5km radius, as well as repeat purchasers from previous Sanctuary stages, with 15 per cent of buyers upgrading their property portfolio through Sekisui House Australia’s Rewards Program. Purchasers also came from the Lower North Shore, Oatlands and the Inner West, highlighting the project’s broad market appeal.&nbsp;

<img alt="Summit &amp; Ridge at Sanctuary, Wentworth Point" data-entity-type="file" data-entity-uuid="1166d1aa-e075-429c-a1f4-4861cad140e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2417_TheSanctuary_02_EXT_Podium.jpg?VersionId=E37Ym7TBhQX4VFKnFNDwccSiDLp81KZA" />

Comprising 488 apartments across Summt (39 levels), and Ride (32 levels), the first sales release focused exclusively on one and two-bedroom residences, priced from $720,000 to $1.3 million. One-bedroom apartments were popular, with purchasers valuing their limited supply, pricing and uninterrupted views across the Newington Nature Reserve, Parramatta River and picturesque views across the Blue Mountains.

Summit &amp; Ridge enjoys an enviable position on the <a href="https://www.apartments.com.au/developments/wentworth-point-nsw-2127">Wentworth Point</a> peninsula, the only built environment north of Hill Road, surrounded by water and a nature reserve. The project’s Neighbourhood Green, a 1.5-hectare landscaped parkland running through the heart of Sanctuary will also open soon.

The towers by acclaimed architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a> are defined by organic, sculptural forms that frame views, guide movement and enhance the connection between nature and the city, a design approach that ensures Summit &amp; Ridge will become a striking architectural marker within Sydney’s skyline.

<img alt="Summit &amp; Ridge at Sanctuary, Wentworth Point" data-entity-type="file" data-entity-uuid="49e681c8-af8e-4623-aa60-7573acaade7e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CGI1.png?VersionId=EkqjP9veHDeZaSeXkN8p1aOUW79nLdVv" />

Summit will feature resident-only amenities on level 29 including a resort-style pool and sauna, while Ridge offers an outdoor cinema, sunset bar and dining space on level 23. At the base of Ridge, a 110-place childcare centre will further support growing families, reinforcing the masterplan’s focus on lifestyle and community.

The interiors in the project by <a href="https://www.apartments.com.au/interior-designers/henderson-co">Henderson &amp; Co.</a>, were inspired by the “natural elegance” of Sanctuary’s landscape setting, with efficient Japanese design principles enhancing space and light throughout the homes. 
&nbsp; 
“The fact that sales were achieved so quickly shows the strength of demand for quality, well-designed apartments in Sydney,"&nbsp;Landa added.

"Owner occupiers in particular see the long-term value of being part of a master planned community delivered by Sekisui House Australia, and that trust has been a major driver behind this success."

Sales momentum was further supported by the current downward trend in interest rates, creating favourable conditions for buyers.

<img alt="Summit &amp; Ridge at Sanctuary, Wentworth Point" data-entity-type="file" data-entity-uuid="31591500-e65c-44d6-aa48-35310a7bd45b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/HERO_CASE%20STUDY%20A_1.jpg?VersionId=DiE.Zk1g8Rfb1fRmMMe_0r6oa55oYsAb" />

The recent completion of the third stage of Sanctuary, Laguna &amp; Glade,&nbsp;has further reinforced purchaser confidence, giving buyers a first-hand view of Sekisui House Australia’s build quality and design execution.

Nearby amenities include Marina Square Shopping Centre, Wentworth Point High School, ferry terminal, train station and the future Parramatta Light Rail.&nbsp;

Three and four-bedroom apartments will be released at future launches. &nbsp;Construction is anticipated to commence in Q4 2025 and completed by Q3 2028.

Every apartment in Summit &amp; Ridge will carry a 4 Gold Star iCIRT rating, an independent NSW Government-backed accreditation for integrity, capability and financial stability, giving buyers confidence they are investing in a home built to last.

[smartcode_project_cta:default project_id=144917]

Owner occupiers drive $46.5 million launch success at Summit & Ridge, Wentworth Point

Plans to transform the former VicRoads site in Kew are progressing with four shortlisted developers invited to submit their proposals for the site.

<a href="https://www.apartments.com.au/developers/riverlee">Riverlee</a>, <a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease Development Pty Ltd</a>, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac Group</a> and a <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a>-led consortium have been invited to participate in the Request for Proposal (RFP) process to deliver much needed housing at 60 Denmark Street, Kew.

Acting Executive General Manager Housing, Nemesia Kennett, said the RFP stage follows a strong response to the initial Expression of Interest (EOI) campaign.

"Denmark Street, Kew, presents a unique development opportunity which has attracted high caliber developers well qualified to transform the site,"&nbsp;Kennett said.

“Each shortlisted developer brings a depth of expertise and proven track record in delivering quality housing projects, achieving excellence in design and community outcomes. We’re looking forward to seeing the shortlisted developers' proposals and understanding how they will deliver the best outcomes for the community if successful."

Local views and priorities for the site were captured in a Community Aspirations Report that will guide the next stage of the development process.

"The report found overwhelming community support for redevelopment of the site and recognition of the urgent need for more homes in Kew,"&nbsp;Kennett added.

“Feedback also highlighted opportunities to revitalise public areas, improve walking and cycling connections, create more green open space, and celebrate the site's heritage, including its rail history and Wurundjeri cultural stories.”

Development Victoria will continue to communicate with the Boroondara Council and the local community throughout the transaction process.

A preferred development partner will be confirmed in 2026, following a thorough assessment of proposals.

Developers shortlisted to deliver housing in Kew

Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

[smartcode_project:default project_id=134323 project_image_fid=6384]

The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

&nbsp;

[smartcode_project:default project_id=134323 project_image_fid=6382]

ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

[smartcode_project:default project_id=134323 project_image_fid=6399]

Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

[smartcode_project_cta:default project_id=134323]

ALAND unveils The Walden, North Sydney's latest luxury apartment development

Shepparton

The diversified national property development group, Goldfields, has bulked up its regional Victoria residential development pipeline, securing three adjoining sites in Shepparton.

Situated in the Shepparton South East Precinct Structure Plan (PSP), the largest of five proposed major growth corridors in the Shepparton-Mooroopna urban area, the newly acquired sites are set to become a masterplanned residential community comprising of approximately 450 lots (subject to council approval).

Located a stone&rsquo;s throw away from the Shepparton town centre, the estate will offer easy access to local primary and high schools, Coles and Woolworths supermarkets and retail favourites Bunnings and Kmart.

Future residents will also benefit from its proximity to the Shepparton Railway Station, with the Victorian Government&rsquo;s Stage 3 upgrade of the Shepparton Line due to commence this year. The works will deliver additional Shepparton to Melbourne rail services with a shorter travel time.

The acquisition further bolsters Goldfields&rsquo; commitment to investment in regional centres and follows their purchase of a <a href="/news/wa/goldfields-expands-into-wa-with-margaret-river-house-and-land-site-acquisition">400-lot, $8 million site in Margaret River, WA announced in February</a>.

Goldfields&rsquo; National Director of Communities, Paul Cicchiello, said the recent purchase of the residential sites in Shepparton reinforced Goldfields&rsquo; commitment to targeting strategic opportunities in Victoria&rsquo;s regional growth areas.

&ldquo;Demand for residential land across regional Victoria continues to grow, and Shepparton is no exception. It&rsquo;s experiencing significant population growth, which is supported by infrastructure investment from the Victorian and Federal governments,&rdquo; Cicchiello said.

&ldquo;Goldfields is excited to meet this demand to ensure Shepparton can continue to thrive. Our approach will deliver a functional, quality community that adds value and celebrate Shepparton&rsquo;s natural surrounds.&rdquo;

Goldfields&rsquo; Chief Executive Officer Lachlan Thompson said that the new project will provide an unrivalled offering, with quality amenities and green open spaces creating an attractive opportunity for first home buyers, families and investors alike.

&ldquo;These sites are perfectly positioned in the Shepparton South East PSP, providing residents access to an excellent array of amenities,&quot; Thompson said.

&quot;This new urban development will create an interconnected community with easy access to existing retail centres, extensive aged care accommodation, local parks and other community facilities.&rdquo;

&ldquo;Shepparton has a history of low rental vacancies and strong yields for investors. It&rsquo;s also more affordable than similar regions in rural Victoria, such as Ballarat and Bendigo, and these factors contributed to our belief in the area.&quot;

Construction is expected to begin in 2025.

Goldfields secure Shepparton masterplanned community site

<html><body>
Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

The hub, which will support growing demand for their homes, will service the wider area, including the Greater Bendigo and Shepparton regions.

Sherridon, who also have offices in Ballarat, Gippsland and central Melbourne, are preparing plans to submit to the local council to refurbish the commercial building at 2-4 Pall Mall.

They're seeking to remove to upper level hoarding to reveal and restore the original façade and windows, as well as turn the untenanted element of the 545 sqm space in to a colour selection showroom and office.

The building has a long history of commerce and trade dating back to the 19th century, and is currently partially tenanted, with a vacant portion most recently home to Dymocks book store.

Sherridon Homes, part of AHB Group, is on track to build around 1,500 homes this year across regional Victoria and Melbourne.

Its regional operations are headed up by seasoned industry professional Natalie King, the former managing director of JG King Homes.

“We are committed to being a regional builder creating jobs and opportunities for local businesses to support the growth of the region”, says Ms King. “Underpinning our success will be the strength and support of a large building group embracing the passion and knowledge of a local team.”
</body></html>

Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

Sherridon Homes to service Bendigo and Shepparton regions with new customer hub

<html><body><div class="page" title="Page 15">
<div class="layoutArea">
<div class="column">
Shepparton’s market is being driven by a splash of spending on public infrastructure as well as a flurry of construction activity for private businesses, according to a recent Herron Todd White (HTW) residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
The report notes many local manufacturing businesses are expanding to larger scale premises, which is having a flow through effect on the whole market. 
"As stated in previous Month in Review entries, the hospital expansion is bringing a wealth of jobs for both short term construction and ongoin medical staff, as is private sector allied health work, which is bringing population movements from outside the Goulburn Valley. This has been steady now for the past 12 to 18 months and will continue throughout 2020," the valuation firm said. 
<div class="page" title="Page 16">
<div class="section">
<div class="layoutArea">
<div class="column">
"The land situation in the area is tightening, with a number of larger estates being in their last stages.
"This will start to put upward pressure on land values, the likes of which we haven’t seen in over a decade. This will hit first home buyers the hardest as they make up a large chunk of the new home builder pool," the valuation firm added. 
"Investors are still in the area chasing the strong yields that we have to offer, but the intensity the out of town investors brought six to 12 months ago has cooled off. Unit prices have started to bounce back with a couple of good results recently." 
"Overall the market is still performing strongly with sustainable growth rates. Many agents are reporting sub 30 days on market and have been for an extended period." 
A five year old dormer display home in Shepparton was sold for $480,000 in April.
The three bedroom, two bathroom house is situated at<a href="https://www.realestate.com.au/sold/property-house-vic-shepparton-132632146" target="_blank"> 72 Canterbury Avenue</a> (pictured below).
It comes with two living areas, centrally located kitchen, study and large rear 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/2020/5/11/shepparton%202.jpg" alt="">
 
A current listing is a three bedroom house situated close to Shepparton CBD. 
The <a href="https://www.realestate.com.au/property-townhouse-vic-shepparton-133123538" target="_blank">1/19 Middleton Street</a> home (pictured below) has been listed with a price guide of $335,000.
It comes with open plan living, private patio area, kitchen, front courtyard 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/2020/5/11/shepparton%203.jpg" alt="">
Note regards COVID-19
<div>
This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
</div>
<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
</div>
</div>
<img src="blob:https://www.urban.com.au/c6bb886e-4b5b-443e-9e61-06cd555c2e8c" alt="page16image10034688" width="0.500000" height="0.500000">
</div>
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Shepparton property market performs strongly with sustainable growth rate: HTW residential 

<html><body>
Billionaire investor Gerry Harvey sold his disappointing Victorian dairy farming venture to the Sydney billionaire father and son combination Tony and Michael Perich.
They have bought <a href="https://regionalvic.eldersrealestate.com.au/rural/sale/coomboona-vic-3629-vic-3629-19224581/" target="_blank">his company’s rural holdings</a> for more than $40 million.
The pair, together with NSW-based dairy operation Moxey Farms, have purchased Harvey Norman’s Coomboona dairies.
It spans a 2000 hectare operation north-west of Shepparton in Victoria, with Goulburn River frontage.
Harvey Norman told the ASX the property had been sold.
The sale price didn't cover full outlay of Harvey Norman’s $75 million exposure.
Harvey Norman took an “impairment loss” of $28.78 million on the venture’s debts in June and said it had recognised a total of $54.01 million in losses in the last financial year.
Harvey Norman put the Coomboona dairies operation on the market in July after the company fell into the hands of administrators Ferrier Hodgson and receivers McGrathNicol, who were appointed by National Australia Bank in March.
Elders’ Nick Myer and Anthony Stevens sold the property which milks about 2500 Holstein cows and produces more than 30 million litres of milk. 
The Perich family has a 54% stake in the listed Freedom Foods which has a Shepparton dairy plant near Coomboona.
</body></html>

Gerry Harvey sells Victorian dairy farm

<html><body>
A Shepparton five bedroom house, partially gutted, has been sold by the mortgagee.
It came with a indicative selling price of $140,000 and has just gone under contract at $165,000.
It last sold at $153,000 in 2009.
The northern Victorian home has been listed by Matthew Giffin from Ruralco Property Goulburn Valley Region.
Set on a 787 square metre block, <a href="https://www.realestate.com.au/property-house-vic-shepparton-127797910" target="_blank">the 256 Archer Street home </a>comes with five bedrooms, sun room and covered outdoor patio.
It is close to schools, shops and transport.
The suburb's median house price sits on $258,000, according to CoreLogic.
</body></html>

Five bedroom Shepparton mortgagee sale at $165,000

<html><body>
A Shepparton office space currently leased to the state government has been listed for sale.
The ground floor office at 307-331 Wyndham Street, on the corner of Fraser Street, is to be sold subject to registration of a subdivision.
The lot is approximately 965 square metres and has street frontages of approximately 39.2 metres to Wyndham Street and 19 metres to Fraser Street.
The current tenant is the Department of Justice, which has been occupying the premises since 2009 and has a five-year lease which commenced in September 2014, with an option for an additional five years.
The current rental is $162,612 per annum net, with the lease providing fixed annual rental increases at 3.5%, with a market review applicable to the option.
The property is being marketed by selling agents Gray Johnson, in conjunction with local agents Gagliardi Scott Real Estate.
Gray Johnson’s Scott Ashby says he anticipates that the investment will sell on a yield in the 9% to 10% range.
“At a time when yields on commercial investments in Melbourne are transacting in the sub five percent range, this offering provides investors an opportunity to acquire an asset on a comparatively more attractive yield,” he said.
It is to be sold via private sale with the deadline closing on Wednesday 5 April at noon.
</body></html>

Shepparton

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Shepparton

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.