Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

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The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

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Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333359]

Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333362]

Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363368]

Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363369]

The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

[smartcode_project_cta:default project_id=141609]

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

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The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

[smartcode_project:default project_id=149670 project_image_fid=360975]

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

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[smartcode_project:default project_id=136726 project_image_fid=362015]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

South East Melbourne

Apartments buyers are continuing to look further away from the CBD for value for money.

But high on their priority list is solid transport connections, a strong local community feel and infrastructure already in place.

Urban has taken a look at six of the top apartments for sale south-east of the Melbourne CBDS.

1. MCKN, McKinnon

Prices: Two bedroom apartments from $720,000

[smartcode_project:default project_id=4939]

MCKN in McKinnon is as close to Bayside without carrying the expensive Bayside postcode. The latest luxury development is MCKN, which is being developed by the veteran developer Dealcorp. Families have been snapping up the large apartments in the Glen Eira precinct, with just 41 apartments in the boutique five level complex designed by RITZ&amp;GHOUGASSIAN.

The two bedroom, two bathroom apartments start from $720,000 and three bedrooms start from $1.1 million.

2. Hurstmon, Malvern East

Prices: Two bedroom apartments from $795,000

[smartcode_project:default project_id=4807]

Hurstmon is Landream&rsquo;s latest offering in Malvern East, only 12 km from the Melbourne CBD.&nbsp;Designed by Tehla Clarke, Hurstmon comprises just 39 one, two and three bedroom residences, with just the two and three bedders remaining.

Two-bedroom apartments in the project start from $795,000 while three-bedroom apartments begin at $1,599,500.

3. Sky Garden, Glen Waverley

Prices: One bedroom apartments from $498,000

[smartcode_project:default project_id=2881]

GoldenAge Group have recently completed their development Sky Garden Glen Waverley, located above the redeveloped shopping centre The Glen.

The three towers, designed by Rothelowman, home 536 apartments, with only around 75 left to sell.

Prices starting from $498,000 for one bedroom apartments and $668,000 for two bedroom apartments. Three bedroom apartments are priced from $1,118,000.

Sky Garden residents will have access to a resident-only rewards program.&nbsp;The customised app gives residents a reward program for retail outlets in The Glen shopping plaza.

4. Aster Apartments, Clayton South

Price: One bedroom apartments from $396,000*

[smartcode_project:default project_id=4124]

Aster Apartments in Clayton South, 24 kilometres from the CBD, is the final release in Cedar Woods&#39; sought-after masterplanned community Jackson Green. Designed by DKO, Aster Apartments is a collection of one, two and three bedroom apartments across three buildings, with apartments starting from under $400,000 with government grants.

5. M-City, Clayton

Price: One bedroom apartments from $371,300

[smartcode_project:default project_id=528]

The mixed-use development M-City, a joint venture between Saraceno and Schiavello, is one of Clayton&#39;s stand out developments.

As well as an office and five star Mantra Hotel, atop a new communal shopping centre, M-City homes 460 apartments designed by The Buchan Group.

The development features a&nbsp;community childcare centre, a luxury outdoor pool, landscaped gardens and lawns, a children&rsquo;s playground,&nbsp;tennis courts, BBQ facilities with an outdoor firepit, a state of the art gym and an on hand pharmacy.

6. Onyx, Bentleigh East

Price: Two bedroom apartments from $570,000

[smartcode_project:default project_id=3271]

Only two bedroom apartments remain in Onyx, the Bentleigh East development by Vanguard Projects.

Just 32 apartments across five floors, Onyx&nbsp;delivers a strong design statement through its dramatic contemporary lines with expansive apartments that flow effortlessly to inviting outdoor areas.

Apartments buyers are continuing to look further away from the CBD for value for money

Top six apartments you can buy in Melbourne's south-east

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Residential dwellings in Melbourne's outer south-eastern suburbs such as Officer, Clyde and Berwick fall within the $700,000 budget, according to the July Herron Todd White (HTW) residential report. 
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The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
The report notes these suburbs offer plenty of choices for those looking to buy as there are many newer estates in these areas.
A brand- new house and land package can range from $500,000 to $650,000.
Latest figures show that the median house prices for Officer, Clyde and Berwick are $557,000, $566,500 and $687,000 and depending on the size, location and specifications, can generate rental yields of 4.5 per cent, 3.71 per cent and 3.1 per cent respectively.
A four bedroom house in Berwick has recently been sold for $640,000.
Positioned on a 618sqm block, the family home at <a href="https://www.realestate.com.au/sold/property-house-vic-berwick-133901110" target="_blank">21 Shaftsbury Avenue</a> (pictured below) features two living areas, two bathrooms, and large pergola area. 
It is situated within walking distance to parks, public transport and shops. 
<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/2020/8/10/berwick.jpg" alt="">
"The recent crisis has rocked buyers’ confidence, with many facing issues of job security," the valuation firm said. 
The government has since introduced a new Home Builder Scheme for those looking to either build a new home or renovate, as homeowners will be given a $25,000 incentive which has been designed to boost the construction industry as it recovers from the effects of COVID-19.
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House and land packages in these urban growth zones are attractive to first home buyers and young families as they allow flexibility in designing homes to cater to their individual needs, the report noted. 
"In more established areas such as Cheltenham, Oakleigh and Mentone, housing prices start from $960,000 for houses and $600,000 for units," the valuation firm said. 
These areas in the south-east generally yield high sales and rental prices as they are among the most sought after suburbs to live in as they are generally close to public transport, major shopping centres and the CBD.
A current listing is a three bedroom apartment in Cheltenham with sea views. 
The modern apartment at 609/6 Railway Road (pictured below) has been listed for sale with a price guide of $680,000.
It comprises three bedroom, two bathrooms, open plan kitchen and living room area. 
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What $700,000 can buy in southeastern Melbourne: HTW residential 

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Building applications have hit an all-time high in homes within Melbourne’s southeast, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm suggest in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
The report notes many homeowners and investors are utilising this time to work on home improvements. 
With the Reserve Bank’s decision to cut rates down to a low of 0.25 per cent, this means it is cheaper than ever for homeowners and investors to borrow money to make improvements.
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"In established areas of the South East, we have seen suburbs including Hughesdale, Parkdale and Carnegie undergo renovations," the valuation firm said. 
A renovated Art Deco home in Carnegie has recently been sold for $1.225 million.
The <a href="https://www.realestate.com.au/sold/property-house-vic-carnegie-133579294" target="_blank">66 Neville Street </a>house (pictured below) comprises three bedrooms, marble kitchen, open plan living and dining area and entertaining deck.
It was last sold in 2012 for $570,500. 
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A timber Californian Bungalow in Carnegie with potentials for renovation and extension has been listed for $1.5 million to $1.6 million. 
The three bedroom, one bedroom home at <a href="https://www.realestate.com.au/property-house-vic-carnegie-133669942" target="_blank">14 Oakleigh Road</a> (pictured below) is currently under offer. 
It features decked verandah, central hall, north facing lounge and Blackwood kitchen. 
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Renovations works can range between $80,000 all the way to $300,000 for higher quality specifications. 
Renovators are also sourcing their own materials and doing DIY jobs in order to keep costs down, the report noted. 
Home improvements are more apparent in older homes, where owners are likely to undertake minor works or ‘gut out’ their entire home to install new finishes, appliances, fixtures and fittings while still maintaining the foundation and frames of the original dwelling.
The results usually speak for themselves, with increasing numbers of homes becoming more spacious, modern and customised to the owner’s lifestyle.
"Renovators and investors are choosing to renovate their homes for a number of reasons; one might to improve their current home to suit their lifestyle, others are renovating so they can sell it quicker and at a higher price in this current market which can yield great results," the valuation firm said. 
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Building application hit an all-time high in homes within South East Melbourne: HTW residential 

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Individuals and families who currently have home loans or are looking to get a home loan have the upper hand as the current market conditions are more favourable towards them, according to the latest 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 main local drivers that influence the property market in Melbourne’s south-east are overseas and interstate migration, affordable housing and infrastructure spending," the valuation firm said. 
Suburbs located within the City of Casey and Cardinia regions located in the outer south-eastern regions of Melbourne have become popular hotspots over the past few years for young families, first home buyers and newly settling migrants looking to buy or build their first home.
This is typically popular in the newer developing estates where individuals and families are able to customise their homes to cater for their individual needs with the aim of having a family friendly lifestyle, the report noted. 
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Suburbs such as Officer, Clyde and Botanic Ridge are located within the outer south-eastern region of Melbourne where it is most commonly zoned as an urban growth zone.
A four bedroom house in Officer has recently been sold for $622,000.
The <a href="https://www.realestate.com.au/sold/property-house-vic-officer-133333270" target="_blank">19 Harmony Place</a> home (pictured below) comprises four bedrooms, theatre room, open plan living/dining room and modern kitchen. 
It is close to schools and Cardinia Train Station. 
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A contemporary style family home in Botanic Ridge is currently on the market with a price guide of $719,000 to $769,500.
The four bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/property-house-vic-botanic+ridge-133448782" target="_blank">17 Maintop Ridge </a>(pictured below). 
Set on a 661sqm block, the home features central hostess kitchen, study/home office, and rumpus area plus theatre room. 
 
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"The urban growth zones are part of the government’s long term strategic plan of urbanisation and densification for Melbourne’s future designated growth areas. 
"Growth of a community also comes with growth in infrastructure. A local driver such as infrastructure would often be an attractive factor to many as many individuals would be working nearby or would require roads and public transport to travel to work," the valuation firm said. 
<div>Notes regards COVID-19</div>
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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. 
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<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>
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Outer South East Melbourne - hotspot for first home buyers: HTW residential 

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It is evident that the Bayside contains some of the best eye candy properties in the south-eastern suburbs of Melbourne, according to the latest Herron Todd White (HTW) residential report. 
The report notes demand has remained constant due to the prestige nature of the properties, whether because of their location, size or the lifestyle features they offer.
"Given the right market conditions, investors and owner-occupiers are willing to pay a premium for an eye candy property as an addition to their portfolio," the valuation firm said. 
Highlighted below are the highest priced transactions for 2019 and the highest current listings on the market today in the south-eastern region of Melbourne. 
A four bedroom modern house in Hampton was sold for $3.1 million in May. 
Situated on a north-facing corner block, the home at <a href="https://www.realestate.com.au/sold/property-house-vic-hampton-130624706" target="_blank">36 Margarita Street </a>(pictured below) comprises four bedrooms, three living areas, three bathrooms and double garage.
The property is located just a stroll to schools and the bay and a few minutes from Hampton Street cafe culture and shopping 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/2019/11/20/hampton%201.jpg" alt="">
An architect-designed home at <a href="https://www.realestate.com.au/sold/property-house-vic-black+rock-131250982" target="_blank">45 First Street, Black Rock </a>(pictured below) was sold for $3.9 million in July. 
"Known as one of the most sought after addresses in Black Rock, this bespoke three storey design by architect Eric Sette embodies the true essence of luxury," the valuation firm said. 
With floor to ceiling windows, this property offers panoramic bay views, a heated pool and a home theatre.
"This is the perfect home to entertain guests with a touch of luxury living," the valuation firm commented. 
<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/2019/11/20/black%20rock.jpg" alt="">
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Demand for prestige Bayside properties remains constant in South-East Melbourne: HTW residential 

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Melbourne’s outer south-eastern suburbs continue to prove to be a popular region amongst buyers, according to the latest Herron Todd White (HTW) residential report. 
It's particularly the case for newly settled migrant families, young couples and first home buyers who are taking advantage of the affordable land prices in areas of the Casey and Cardinia districts.
The valuation firm took a look at rental yield across the country to dissect where to find the best returns in their residential markets.
The report suggests there are many estates to choose from in these fast-developing areas.
"House and land packages are attractive for first home buyers and young families as they allow flexibility in designing their own home to cater to their individual needs," the valuation firm said. 
In the ever-expanding Cardinia Shire municipality, the median house price is $552,385 and $396,469 for a unit respectively, according to Corelogic.
In recent years, Pakenham has become a major growth area for the outer south-eastern suburbs of Melbourne appealing to young families with its proximity to parks, shopping retail outlets, schools and child care centres.
In the suburb of Pakenham, statistics show that houses are priced at an average of $485,000, generating a weekly rent of $360 per week, yielding at a rate of 3.5% to 4%.
The HTW report provides two examples, including a house and a unit. 
A single storey house at<a href="https://www.realestate.com.au/sold/property-house-vic-pakenham-131806650" target="_blank"> 16 Jacaranda Way, Pakenham</a> (pictured below) has recently been sold for $595,000.
Set on a 645 square metre block, the house comprises four bedrooms plus study, two living areas, two bathrooms, double garage and alfresco.
The home is close to Heritage Springs shopping centre, primary school and Hippity Hop Child Care centre.
<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/2019/10/16/pakenham%201.jpg" alt="">
A three bedroom unit at<a href="https://www.realestate.com.au/sold/property-unit-vic-pakenham-131609490" target="_blank"> 2/16-20 Honeysuckle Close, Pakenham</a> (pictured below) has been sold for $437,000.
The 174 square metre home comprises three bedrooms, two bathrooms, outdoor entertaining area and single car space. 
Overlooking parkland, the unit is within walking distance from the lakeside shops.
<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/2019/10/16/pakenham%202.jpg" alt="">
"Whilst the rental yields in the outer south-eastern suburbs may not be as high as properties in the CBD and inner suburbs, homeowners and investors can experience an average annual capital growth of 9.3% a year for houses and 14.49% for units in these growth corridor areas," the valuation firm said, 
"This just shows that different investors have different strategies when it comes to investing in property and it all comes down to the individual’s end goal as some may look for properties that generate high yields and others look for higher capital growth."
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Melbourne South Eastern suburbs tipped for 9.3% annual capital growth: HTW residential 

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Over the past six months, there has been a continuing slow decline in the south-eastern Melbourne property market, according to the latest Herron Todd White (HTW) residential report. 
The report suggests that values have continued to drop and it is likely the market is yet to bottom.
For the inner suburbs such as Bentleigh East and Hampton, there are still a vast amount of townhouse developments popping up despite the large fall in prices over the past year.
"These higher value suburbs are often hardest hit in declining markets," the valuation firm stated. 
On the peninsula, estate agents are getting creative with their sales tactics.
The report notes that this was evident in a sale via auction on 4 May 2019 at <a href="https://www.realestate.com.au/sold/property-house-vic-dromana-130838386" target="_blank">16 Jetty Road, Dromana</a> (pictured below). 
The real estate agent employed an unusual tactic to ensure the best result.
He announced the owner’s reserve price prior to the auction, which resulted in the auction lasting only 60 seconds, with the winning bid being the $1.25 million reserve, according to source: realestate.com.au.
<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/2019/6/27/dromana%20.jpg" alt="">
The purchaser was from the eastern suburbs, suggesting a sea-change or perhaps an intention to use the property as a holiday home.
Vacant land has not fared well over the past 12 months as there is an oversupply and purchasers are struggling to obtain finance.
Many developers are offering incentives such as offering to pay building deposits.
"In contrast, the unit market has remained resilient in the outer south-east and the peninsula," the valuation firm said. 
"This is largely due to units being at the lower end of the market and appealing to investors and first home buyers."
On the peninsula, there are a few properties which are managing to buck the trend.
<a href="https://www.realestate.com.au/sold/property-house-vic-mornington-130630550" target="_blank">8 Mills Beach Close, Mornington</a> sold for $200,000 more than its 2017 purchase price and sold within two weeks of being placed on the market for $1,575,000.
The purchaser resided in Shepparton and purchased the property for a sea-change.
<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/2019/6/27/mornington%20.jpg" alt="">
A recent report named the suburbs that banks consider to be the riskiest in terms of lending (based on unsuccessful loan applications).
"The majority of high risk suburbs were located in the outer south-east being: Clyde North, Clyde, Cranbourne, Botanic Ridge, Tooradin, Blind Bight and Warneet.
"This can potentially lead to the banks selling up the properties or vendors being forced to accept a lower offer to avoid becoming bankrupt," the valuation firm said. 
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Oversupply of vacant land on Mornington Peninsula: HTW residential 

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Melbourne’s south-east is becoming a hub for first home buyer action due to the relatively affordable housing options, in particular new estates, according to HTW’s Month in Review: March 2017. 
The valuation firm says first home buyers prefer a cheaper build contract and are prepared to complete these items after handover, compared to the turnkey packages more favoured by investors.
“In new land subdivisions there are often smaller blocks offered at a reduced price that would suit first home buyers who don’t necessarily require a large house site,” the firm says.
“There are unit and townhouse developments in the outer south-eastern suburbs which have an affordable price point, however they may not have the best capital growth prospects compared to the same product in suburbs closer to the CBD.
“It is a popular option at the moment for parents to use equity in their homes and become guarantor to a loan in order to either get approval or to raise additional funds for a deposit for a first home buyer.”
HTW cautions first home buyers against over-extending on a purchase to get into the market.
“It’s better to get a foot in the door and slowly work your way up to your dream house,” it says.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-vic-doveton-124954618" target="_blank">11 Dotterei Close</a>, Dovteton (above) has been listed for between $380,000 to $410,000.
Similarly a three bedroom house at<a href="https://www.realestate.com.au/property-unit-vic-dandenong-124953858" target="_blank"> 25A Morwell Avenue</a>, Dandenong (below) has been listed for between $430,000 to $460,000.
<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/2017/03/10/25A%20Morwell%20Avenue.jpg" alt="">
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