A full-scale Sky Homes prototype apartment for <a href="https://www.apartments.com.au/new-apartments/zeste-at-the-orchards-norwest-104-fairway-drive-norwest-nsw-2153">Zeste</a> has been opened by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, offering buyers a look at the final residential release within The Orchards masterplan in <a href="https://www.apartments.com.au/developments/norwest-nsw-2153">Norwest</a>.

The prototype launch coincides with buyer demand for larger apartment living continuing across Sydney’s Hills District.

David Lee, Sales Manager, Apartment &amp; Mixed-Use Developments at Sekisui House Australia said it was evident from the preceding four stages at The Orchards that a large number of buyers were local owner occupiers or downsizers specifically looking for oversized apartments with additional living spaces.

“The majority of buyers prefer to touch, feel and physically sight a full-scale completed apartment, rather than imagining the living spaces from floor plans," Lee says.

"The prototype apartment provides greater clarity and buyer confidence. We expect this will increase sales momentum for Zeste and the Sky Homes in particular.”

[smartcode_project:default project_id=150510 project_image_fid=351878]

Positioned within Stage 5’s Zeste project, the Sky Homes form part of the final opportunity to purchase within the award-winning master-planned community, which will ultimately deliver approximately 1,300 apartments.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, Zeste comprises two residential buildings, Essence and Eden, providing 209 apartments surrounded by extensive landscaping, resort-style amenities and community spaces.

Ben Pomroy, Principal at Rothelowman said Zeste explores a reinvention of the traditional house, in the orchard, synthesising the nostalgic story of the orchard homestead of yesteryear with a contemporary aesthetic inspired by the landscape.

“Natural light and ventilation are key to the design, contributing to a higher quality of life at the human scale. Across all Rothelowman projects, our ethos of ‘a generous eye for life’ drives our consideration of the human experience as the central point of focus of our design process.”

Pomroy says a&nbsp;notable design element is the cathedral glass light boxes incorporated in the joinery, inspired by the idea of wandering the orchard homestead with a lantern in hand, something familiar and nostalgic.

"We took this narrative and gave it a contemporary twist that is both beautiful and functional, creating unique features that unify the kitchen and bathrooms design.”

[smartcode_project:default project_id=150510 project_image_fid=351874]

In addition to the two residential buildings, Zeste comprises a single-story community amenity pavilion nestled in the landscape between Essence and Eden.

“The communal pavilion is a distinctive feature designed to foster a deep sense of community, with nature at its heart," Pomroy added.

"Whether it is watching the football grand final or hosting a family BBQ, the pavilion is designed as a place where residents can create memorable moments with friends, family and neighbours.

Since launching Essence, the first building within Zeste, buyer demand has remained strong with more than 30 per cent of residences already sold. Sky Homes have accounted for nearly 40 per cent of all sales achieved since launch.

“Purchasers are responding positively to the oversized layouts, diverse apartment configurations and the vast range of community facilities that will be available at completion,”David Lee noted.

Zeste Sky Homes represent approximately 35 per cent of the entire Stage 5 offering and are available across both Essence and the yet-to-launch Eden building. Prices for the Sky Homes range from $1,135,000 with one car space through to $1,500,000 for two car spaces.

Apartments across the broader Zeste release start from approximately $715,000, with generous floorplans ranging from 59 to 144sqm. Select residences also feature integrated ‘Max’ spaces, designed to function as flexible areas for home offices, children’s playrooms or additional storage.

Zeste also continues Sekisui House Australia’s sustainability partnership with Altogether Group, delivering integrated water, power and data services alongside passive design initiatives including cross-ventilation, landscaping and water features.

Early purchasers are currently able to access a selection of premium upgrade options, with VIP buyers receiving one complimentary upgrade package. A 2.5 per cent deposit is available for a short time.

Sekisui recently commenced its pre-construction phase. They are expecting an early 2028 completion of Zeste.

[smartcode_project_cta:default project_id=150510]

Joel Robinson

Zeste Sky Homes prototype opens as buyer demand surges for oversized apartment living

Having recently announced its entry into the booming Gold Coast new apartment market with <a href="https://www.apartments.com.au/new-apartments/aere-chevron-island-18-20-mawarra-street-surfers-paradise-qld-4217">Aere Chevron Island</a>, developer Martello™ is offering generous stamp duty savings for buyers before June 30.

Martello™ says the incentive creates a more accessible entry into premium apartment living.

"While incentives in property are nothing new, today’s stamp duty contributions arrive at a particularly important moment," the developer says.

"Buyers are not only seeking quality homes and strong locations; they are also looking for smarter financial entry points. Reducing or offsetting stamp duty can represent tens of thousands of dollars in savings - funds that can instead be directed toward furnishing a home, reducing mortgage pressure, or simply providing peace of mind during the transition into ownership."

[smartcode_project:default project_id=143932 project_image_fid=367517]

Aere is one of the more boutique new developments on Chevron Island, with just 33 apartments across 18 storeys on Mawarra Street

The developer has placed a strong emphasis on wellness, briefing architecture firm Raunik Design to embed this philosophy into the project.

<a href="https://www.apartments.com.au/developers/martello">Martello™</a>&nbsp;has positioned Aere as a continuation of its human-centric development approach, with a focus extending beyond amenity to the fundamentals of layout, natural light, and spatial planning.

[smartcode_project:default project_id=143932 project_image_fid=368446]

To bring a heightened level of confidence to the project, <a href="https://www.apartments.com.au/developers/martello">Martello™</a>&nbsp;has already appointed Promax Construction to build the tower. They are expected to start construction in the coming months.

Martello™ says that in any market cycle, confidence matters.

"Buyers who may have been waiting on the sidelines are now reassessing their timing as developers and vendors introduce meaningful incentives designed to support decision-making. For owner-occupiers, it creates an opportunity to secure a premium residence with reduced upfront costs. For investors, it can improve the overall acquisition equation at a time when rental demand remains exceptionally strong across many key markets."

&nbsp;

[smartcode_project:default project_id=143932 project_image_fid=367507]

Aere offers a mix of two-, three-, and four-bedroom apartments, the latter of which occupy half a flor. These layouts prioritise separation between living and sleeping zones, along with increased privacy and storage, features more commonly associated with detached housing than traditional apartment product.

Aere’s private resident amenity spaces centre on wellness. A rooftop level will incorporate a heated swimming pool, sauna and spa, alongside a residents’ lounge, dining areas and barbecue spaces, while additional shared facilities throughout the building include a gym and yoga area.

[smartcode_project:default project_id=143932 project_image_fid=367515]

&nbsp;

"What we are seeing now is a market that rewards readiness," Martello added.

"Buyers who are informed, financially prepared, and willing to act decisively are finding opportunities that may not exist once conditions shift again. Incentives such as stamp duty contributions are typically limited in duration and allocation, particularly within tightly held developments where demand remains high.

&nbsp;

Offer available on selected residences at Aere Chevron Island only. Stamp duty contribution provided by the developer at settlement and cannot be exchanged for cash or combined with any other offer unless approved by the developer. Offer valid for contracts signed on or before 30 June 2026. The developer reserves the right to amend or withdraw the offer at any time without notice. Terms and conditions apply.

[smartcode_project_cta:default project_id=143932]

Martello™ offers limited time stamp duty concessions at Aere Chevron Island

New development specialists Lachlan Cottee and Ben Dalgleish have unveiled their new development firm, Dalcott, following several successful projects delivered under the Pyco banner across the region.

Pyco is currently delivering Atelier in nearby West End, Nouveau in Albion, and Onde at Kirra, its debut Gold Coast apartment development in the booming Kirra Beach precinct.

Its first plans under the new Dalcott banner are in South Brisbane, which has been Brisbane’s most enquired-on suburb so far in 2026, while neighbouring West End has also continued to record strong demand.

The developer already has approval for an 11-storey building with 65 apartments on Browning Street, however has recently acquired the adjoining 910 sqm site at the rear, creating a combined 2,746 sqm footprint that will now allow for two 11-storey buildings with 92 large-scale apartments, a configuration Cottee and Dalgleish have focused on across their local portfolio.

The project, known as <a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a>, will comprise 84 three-bedroom apartments, 16 of which will include an additional multipurpose room, and just eight two-bedroom residences.

DAH Architecture has led the design of Marrone, which will include more than 330 sqm of communal open space and rooftop recreation areas.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="7eeea1a0-be23-47c8-80fb-3409428241fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-21%20at%209.36.38%E2%80%AFAM.png?VersionId=pZW7o.tB7oJovYCRIFSxrZbMr6QdpHy." />

Cottee told Apartments.com.au the project reflects a gap in Brisbane’s apartment market.

"It is an area we know well with Atelier, another development which focuses on large apartments, less than 300 metres away," Cottee says.

"There's limited supply of large-scale apartments of this size in a single building in Brisbane. The majority of apartments in this category are in considerably smaller buildings, on the water, and are only really accessible to the deepest of pockets.

"Marrone will offer the same size and scale, but with greater amenity and at a much more realistic price point for the market."

The architectural approach reflects the continued evolution of South Brisbane’s higher-density residential character. Renders show a heavily landscaped façade composition with curved balconies, textured brickwork, deep recesses, and integrated planting aimed at softening the scale of the twin towers.

The revised proposal builds on the design narrative established in the original scheme. In the earlier submission, Gatehouse Architects described the project as a continuation of Browning Street’s long-term urban transformation.

“The proposal echoes the spirit of early developments like Watson Terrace (built in 1888), by contributing to the growth and diversification of the local population,” the original design statement noted.

“Just as Watson Terrace played a role in the area’s early gentrification, this development continues that trajectory, delivering contemporary housing that addresses the evolving needs of South Brisbane’s expanding community.”

The updated proposal, designed by DAH Architecture, spans a 2,746 sqm corner site with frontages to Browning and O’Connell Streets. The development will comprise two 11-storey residential buildings delivering 92 apartments, replacing the previously proposed 65-unit scheme.

The apartment mix has shifted further toward larger owner-occupier residences, continuing Dalcott’s established strategy across South East Queensland. The plans include 68 three-bedroom apartments, 16 three-bedroom apartments with multipurpose rooms, and eight two-bedroom residences. Two basement levels will provide 142 car spaces, alongside bicycle parking for 115 bikes.

The larger Marrone proposal arrives amid sustained redevelopment momentum across South Brisbane and the wider Kurilpa precinct, where developers are increasingly targeting owner-occupiers seeking larger apartments close to the CBD, cultural precincts, and riverfront amenity.

The site sits within walking distance of South Bank, the Queensland Performing Arts Centre, Brisbane State High School, and several major transport connections, while nearby Fish Lane and West End continue to drive demand for higher-end inner-city apartments.

Cottee is expecting Marrone to launch around August with Realm Projects.

Exclusive: Dalcott doubles down on South Brisbane with twin-tower Marrone plans

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<a href="https://www.apartments.com.au/developers/doma-group">DOMA Group</a> has unveiled plans for Newcastle Quay, a major waterfront precinct set to reshape Newcastle’s harbourfront and further cement the city’s evolution into one of Australia’s fastest-growing urban destinations.

Positioned on a prominent site within the Honeysuckle Precinct, Newcastle Quay will span both sides of Honeysuckle Drive, connecting directly to the Foreshore Promenade and sitting within walking distance of Newcastle Interchange.

The mixed-use precinct is planned to include around 1,000 apartments, more than 28,000 sqm of commercial office space, 6,000 sqm of retail, and a 180-room hotel anchored by a 500-seat conference and exhibition centre, a move expected to significantly lift Newcastle’s ability to attract major business and tourism events.
</section>

<img alt="DOMA Group unveil Newcastle’s future with transformative Newcastle Quay Precinct" data-entity-type="file" data-entity-uuid="0642ca09-67cc-4920-8a7e-d18df9729b4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/%3D.png?VersionId=CnDmZxQnOV5LN0ePu7jaFBXC9tPGTrWm" />

The proposal builds on DOMA’s growing Newcastle pipeline, where the developer has already delivered 866 apartments and more than 19,000 sqm of commercial and retail space since entering the market in 2013. A further $2 billion pipeline is also in the works across the city.

The masterplan and executive architecture are led by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, with building concepts developed alongside Stewart Architecture, Architecture AND and Curious Practice, and landscape design by <a href="https://www.apartments.com.au/landscape-architect/turf-design">Turf Design Studio</a>. More than 11,000 sqm of open space is planned, including a new waterfront park known as Honeysuckle Green, upgrades to Tree of Knowledge Park, and new pedestrian and cycling links throughout the precinct.

At the centre of the development will be the heritage-listed Wickham School of Arts, which DOMA plans to reposition as the civic and cultural heart of the precinct through restaurants, bars, events and public gathering spaces.

The broader vision is to create a genuine day-to-night precinct, blending residential, hospitality, retail, commercial and cultural uses in a way Newcastle has yet to experience at this scale.

DOMA Group Managing Director Jure Domazet said the aim was to create a precinct that becomes synonymous with Newcastle itself.

“Our vision is to create a precinct that not only delivers high-quality commercial, residential, and cultural spaces, but also defines Newcastle’s waterfront for generations to come,” Domazet said.

DOMA’s Chris Farrington said the project would fundamentally change how Newcastle is perceived nationally.

“Newcastle Quay is more than a waterfront precinct, it is a national announcement for this city,” Farrington said.

“A world-class Conference and Exhibition Centre will open Newcastle and the Hunter Region to a national and international audience for the first time, delivering something this city has long deserved.”

The project is expected to generate more than 4,000 full-time equivalent jobs and act as a major economic driver for the Hunter region through tourism, business events, hospitality and commercial investment.

&nbsp;

&nbsp;

Minister for Planning and Public Spaces Paul Scully said the final parcel of harbourfront land will be a "true mixed-use precinct destination that includes housing, hospitality and entertainment, commercial spaces, retail, economic and social outcomes."

DOMA Group unveils 1,000-apartment Newcastle Quay precinct

ASX-listed developer Stockland is continuing to ramp up its return to the apartment market.

In late 2024, <a href="https://www.apartments.com.au/developers/stockland">Stockland</a> announced it would resume apartment development after a 13-year absence, launching with Stanton Place in Rosebery, a 144-apartment project now under construction.

Last week, the developer unveiled plans alongside the NSW Government for a <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-nsw-gov-unveils-plans-for-3-300-home-waterloo-south-renewal">3,300-home precinct in Waterloo</a>.

Now, Stockland has shifted its focus in St Leonards, lodging a State Significant Development Application (SSDA) to replace an approved 42-storey office tower with a 52-storey residential development comprising more than 500 apartments.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="8979095e-9072-432b-a7da-58b180cf994d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.36%E2%80%AFPM.png?VersionId=_jbRXYOafCSHjwsz.yQCNIymMyCj8zkF" />

An existing 14-storey commercial office building would make way for a 264.5-metre tower designed by <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>. The project would deliver 538 apartments, including 30 affordable housing units, alongside retail and commercial uses at the podium and ground plane.

It will rise from&nbsp;<a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">601 Pacific Highway</a>, a prominent 2,844 sqm triangular site adjoining Mitchell Plaza and fronting Pacific Highway.

The development is being pursued under the Housing Delivery Authority pathway after Stockland’s proposal was declared State Significant Development earlier this year.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="67f40f35-0458-47ab-80c0-a4e98a31838a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%201.png?VersionId=rxXe3njr.auuGDuiR0k42uI8Zr4K.gZA" />

The apartment mix includes 217 one-bedroom apartments, 191 two-bedroom apartments, 122 three-bedroom apartments, and eight four-bedroom residences. Six basement levels would accommodate 300 car spaces, bicycle parking, loading areas, and building services.

Bates Smart said the project has been shaped around a series of urban design principles intended to improve the pedestrian experience and respond to the evolving character of St Leonards.

“With a boundary length of almost 75m along Pacific Highway and 70m along Atchison Street to the north, complying simply with the LEP envelope and required setbacks would result in a very wide tower form on the skyline,” the architects noted in the Design Report.

“We propose breaking the tower form into two defined volumes rather than a singular form.”

The podium has similarly been articulated into separate forms to reduce perceived bulk and create a finer-grain response to Mitchell Plaza and Atchison Street. Retail tenancies would activate the lower levels, while commercial space is proposed across the podium floors.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="90149990-0551-40d2-bd48-14b69a015d12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%202.png?VersionId=MJC2KIIWFvU9FPGr3IVq09gkRN_gX3m8" />

The design also places a significant emphasis on communal amenity and environmental performance. Residents would have access to landscaped terraces, wellness areas, flexible workspaces, and rooftop communal facilities, while the all-electric building is targeting an average 7-star NatHERS rating. Bates Smart said the project incorporates passive design measures including natural ventilation, integrated shading, and lightweight façade systems.

Planning documents note the site is around 350 metres from St Leonards Station and 400 metres from the metro entrance, placing it within one of Sydney’s most connected emerging residential precincts.

The project arrives amid a wave of large-scale redevelopment proposals reshaping the St Leonards and Crows Nest skyline. Several nearby sites have recently been approved, lodged, or declared under the Housing Delivery Authority pathway as the precinct absorbs significant residential density uplift tied to transit-oriented development policies.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="7805bd7c-dfd7-4b35-8e15-ec4a8bf8e61b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.26%E2%80%AFPM.png?VersionId=iY12K2m2bQ6EeDnshqfZC9rbLx_oEugP" />

Bates Smart’s report describes St Leonards as transitioning away from its historical commercial identity toward a more mixed-use urban environment.

“In recent years, the character of St Leonards has started to evolve, driven by new development trends along the Pacific Highway corridor,” the report said.

“These projects have increasingly focused on residential accommodation, marking a shift from its purely commercial roots.”

Sekisui House Australia is currently selling Waterstone down near Newlands Park, in a pocket being branded "St Leonards South." Hyecorp recently completed Audrey in the same pocket.

First look: Stockland plans 52-storey, 538-apartment St Leonards tower

Suburb Spotlight

Rose Bay has long stood as one of Sydney's most prestigious Harbour suburbs, attracting those seeking both postcard views and a vibrant lifestyle.

Price growth has been consistent, solidifying its reputation in the trophy market, highlighted by a record house sale that reached $45 million in 2021.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Last year, Rose Bay recorded 69 house sales exceeding $3 million, compared to just 29 unit sales, according to CoreLogic. However, that gap is narrowing; as of 2024, there have already been 36 house sales over $3 million and 32 unit sales, signaling a growing supply and increasing interest in new apartment living.

Indeed that is reflected in the data from MatterFact, the new data from Apartments.com.au.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

The metrics driving new apartments in Rose Bay are largely influenced by the high cost of land, the cost heightened due to Rose Bay's proximity to the beach and the harbour, its charming village atmosphere, and the prestigious Royal Sydney Golf Club, one of Australia’s most exclusive golf courses and host of the Australian Open.

While land prices are high, new apartments can command premium prices due to the strength of the local housing market and the relative undersupply in the new apartment sector.

Generally, most new developments tend to have anywhere between 10 to 15 apartments, given the strict height limits in place by the Woollahra Council.

The newest apartments in Rose Bay come from the likes of regular Eastern Suburbs developers Stargate Property and Fortis.

Builder-developer Stargate is nearing completion of its Everose development on Old South Head Road.

Only recently launched to market, Everose comprises 26 two and three-bedroom apartments with outdoor garden courtyards or terraces and kitchens kitted out with&nbsp;premium V-Zug appliances.

[smartcode_project:default project_id=113391 project_image_fid=277970]

<a href="/developers/fortis">Fortis</a> is soon to start welcoming buyers to its completed Atlas development on Spencer Street.

Recently completed by <a href="/builders/lords-group">Lords Group</a>, <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a> has just 12 apartments designed by MHN Design Union.

Fortis is already working on its fourth multi-residential development in Rose Bay. Last month, Urban revealed the development arm of Pallas Capital lodged plans for its recently acquired Ian Street site.<img alt="Fortis" data-entity-type="file" data-entity-uuid="e67d85e4-9123-4311-8983-278550d7cf93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%209.44.14%E2%80%AFAM_0.png?VersionId=Dq_i3_UCtaUTxGQXGSGZFXXCh__9sLNK" />

They're planning 12 apartments, 11 three-bed and one two-bed, across a five-level building at 10-12 Ian Street. They've had&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>&nbsp;handle the architecture again.

Read more:&nbsp;<a href="/news/nsw/lords-group-to-bring-scaffolding-down-at-fortis-atlas-in-rose-bay">First look exclusive: Fortis plan new Rose Bay apartments</a>

One of the most exciting developments Rose Bay has seen in years looks set for the fringe of the Royal Sydney Golf Club.

<a href="/developers/orosi">Orosi</a>, a fully integrated developer with its own construction and architecture arms, will be developing a part four, part five-level building on the corner of The Avenue, Old South Head Road, and William Street.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="1f11577c-ef7d-4e9d-9f9f-70fd8bea5adf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2010.00.15%E2%80%AFAM.png?VersionId=86DuGR5PD9ZhXrqbJjKmZKYaeIg6FeMM" />

On offer for buyers will be 50 two and three-bedroom apartments. The unrepeatable site spans over 3,000 sqm.

The apartments will sit above a new vegan cafe, restaurant, and a commercial space that will act as the display suite during construction, before turning into Orisi's new office on completion.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">First look exclusive: Orosi plan Rose Bay shoptop on key gateway site</a>

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au

Downsizers finally start to get their chance in Rose Bay as new apartment supply grows

Two and a half years ago, when I was looking at the Broadbeach market in particular, I wrote a piece looking at the Broadbeach market.

"Why it's all about Broadbeach in 2022," was the article headline.

Fast forward to the present, and it's still all about Broadbeach. The fundamentals haven't changed, and interest in the market has continued from both developers and buyers.

Broadbeach has everything, from the famous Gold Coast beach to the amenity of the new Star Casino and the Gold Coast Convention and Exhibition Centre.&nbsp;

During 2021 and 2022, the suburb gained immense popularity among interstate investors, with inquiries from those seeking off the plan apartments from New South Wales and Victoria exceeding 40 per cent, data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Urban's new data product, showed.

While enquiry has declined from the peaks when the southern states were in and out of lock down,&nbsp;<a href="/developments/broadbeach-qld-4218">Broadbeach</a> is still consistently one of the most enquired on suburbs across the Gold Coast on <a href="/">Apartments.com.au</a>.

Now local owner-occupiers dominate the market, while first home buyers are acting quickly to secure the first release of apartments knowing they're in competition for the entry level apartments with a still higher than normal interstate investor audience.

First home buyers now make up less than a fifth of the Broadbeach market given the huge price growth during the pandemic.

Data gathered from property data analytics firm, CoreLogic, showed the rolling annual growth from September 2020 jumped from 3.3 per cent to 37.2 per cent in September 2021. It remained well above 30 per cent until early 2022 when growth started to cool.

While declines were felt for just a few months in 2023 when nationally the country was going through a correction due to interest rate increases, growth has again picked up, with the rolling annual growth now stable between 10 and 15 per cent over 2024.

Barry Morris' Morris Property Group has known the draw of Broadbeach for nearly three decades. It was in the 1990s when Morris delved into Broadbeach. Now they're delivering their 10th and 11th projects in the suburb, with only a handful outside of the suburb over the last 25 years.

"Buyers love Broadbeach because it offers beachside living with metropolitan amenities, which is what the market is after," Morris told Urban back in 2022.

Morris has waited until they've nearly completed construction before launching <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments near the Gold Coast Convention and Exhibition Centre.

[smartcode_project:default project_id=112549 project_image_fid=293546]

The launch of Malo comes hot on the heels of success from <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> nearby. Launched late last year, Crest, which comprises 182 two and three-bedroom apartments, has sold well over half of its apartments and recently kicked off construction through their in-house building arm.

There's no chance of Morris slowing down in Broadbeach either, however it's becoming more difficult to acquire a development site in the small 1.4 square kilometre suburb perfectly positioned between the bustling Surfers Paradise and the quieter Mermaid Beach.

They do have another tower lined up to launch before the end of the year.

Similar to Malo, <a href="/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison Broadbeach at 22 Chelsea Avenue</a>, will comprise just 18 three-bed apartments across a 20-level building.

[smartcode_project:default project_id=112024 project_image_fid=286004]

It was the draw Broadbeach that lured Sydney billionaire Sam Aranout's Iris Capital to the Gold Coast. They spent a reported $58 million on the landmark Niecon Plaza in 2021.

Not many developers can boast a $1 billion-plus development as their first in many states. Of course, Iris has a huge pedigree in both the residential development and hotel market. They're behind the $1 billion Newcastle placemaking development, East End, and own a string of hotels across the country.

[smartcode_project:default project_id=107928 project_image_fid=234100]

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, or V&amp;A as it's been more commonly referred to, comprises just over 400 apartments across two towers in the heart of Broadbeach.

The towers will have some of the most amenity ever produced on the Gold Coast, with a 25-metre lap pool, a fully equipped gym, a yoga deck and a resident’s lounge. The podium will also feature a children’s area, a Zen garden, and an outdoor dining and barbecue area adorned with lush green landscape.

Residents will sit above, and have direct access to, the full commercial precinct that will occupy the ground and podium levels and will home a suite of hand-selected retailers.

[smartcode_project:default project_id=107928 project_image_fid=234097]

<a href="/developers/mosaic-property-group">Mosaic Property</a>, one of South East Queensland's most prominent builder developers, is approaching completion of its two Broadbeach apartment developments, <a href="/buildings/marella-146-surf-parade-broadbeach">Marella</a> and <a href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily</a>, the debut apartment towers by Mosaic in Broadbeach.

When speaking to Mosaic CEO Brook Monahan in 2022, he said there's a lot of nostalgia with Broadbeach for a lot of residents in South East Queensland.

"It's a very nostalgic place for a lot of people who would have come to Broadbeach and holidayed as kids," Monahan says, adding that the walkability factor puts Broadbeach ahead of other Gold Coast suburbs.

"You can walk to 75 coffee shops/resultants, the light rail, or the surf club in minutes, as well as being on the doorstep of Pacific Fair shopping centre and the casino, which makes it one of the most appealing areas up and down the coast."

[smartcode_project:default project_id=112611 project_image_fid=206451]

The Broadbeach apartment development pipeline is possibly not as large as it was in 2022, but there are several major developments coming up.

<a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> and joint venture partner Base Developments are preparing to launch its second Broadbeach development, Affinity Broadbeach, following the success of <a href="/new-apartments/amaya-at-broadbeach-30-first-avenue-broadbeach-qld-4218">Amaya Broadbeach</a> on First Avenue, around 700 metres away from the new project.

Amaya, under construction and slated for completion next year, features 120 apartments and is 95 per cent sold.

<a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a> will follow a similar footprint, with 185 two and three-bedroom apartments, also designed by DBI.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

The Abedian family, who founded Sunland, is set for its first Broadbeach development having secured two side-by-side sites on Mary Avenue, opposite the Broadbeach State School.

Now under their new private family development company,&nbsp;<a href="/developers/arium">Arium</a>, bought the amalgamated 1,518 sqm site across 14-18 Mary Avenue that had been earmarked for Eternity, the second Broadbeach tower by Leo Sarris's Bassar Group following on from their nearby completed project Infinity. Then they bought the 600 sqm next door at 20 Mary Avenue from&nbsp;<a href="/developers/little-projects-co">Little Projects</a>, creating a development site of over 2,100 sqm.

Since Urban revealed the purchase back in April, <a href="/developers/arium">Arium</a> is yet to reveal what it's doing with the site. A few weeks later, Urban again revealed another site purchase, also in Broadbeach.

They secured a 516 sqm site at&nbsp;<a href="/new-apartments/11-anne-avenue-broadbeach">11 Anne Avenue</a>&nbsp;from&nbsp;the&nbsp;Brisbane-based&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Property Group, who had approved plans for a 17-level tower with 15 full-floor, four-bedroom apartments.

During 2021 and 2022, the suburb gained immense popularity among interstate investors, with inquiries from those seeking off the plan apartments from New South Wales and Victoria exceeding 40%

Why it's all about Broadbeach...still

Ivanhoe East is a highly sought-after pocket of Melbourne, thanks to the picturesque streets of the north-eastern suburb.

The historic streetscape blends European heritage and modern style, combining community, culture and convenience.

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, caf&eacute;s and independent boutiques.

Melburnians seeking to enter this prestigious market need not look further than JWLand&#39;s development&nbsp;The Grounds, situated on The Boulevard.

The Grounds is an exclusive collection of three apartment buildings, Wilfred, Wamba and the Boulevard, and a limited number of townhomes at Oak Terraces.

Featuring 116 residences in two, three and four-bedroom configurations, the development is primely positioned to take advantage of the range of offerings in Ivanhoe East.

Urban takes a look at six things we love about this suburb.

1. Neighbourhood amenities

[smartcode_project:default project_id=5806 project_image_fid=168937]

From the bustling main streets to tranquil green spaces, The Grounds residents can offer all that Ivanhoe East has to offer.

&ldquo;At your doorstep, healthy outdoor spaces invite exploring, exercise and relaxing close to nature&rdquo;, JWLand&#39;s Project Marketing Manager Nick Babic says.

Nearby, Ivanhoe Park provides the ideal setting for children&rsquo;s play and weekend sports, while Ivanhoe Golf Club and Chelsworth Park are also around the corner.

Other recreational amenities that residents can enjoy include Ivanhoe Aquatic Centre, Olympic Leisure Banyule or Macleod Recreation and Fitness Centre

2. Cultural hub

[smartcode_project:default project_id=5806 project_image_fid=171476]

Forming Melbourne&rsquo;s greenest precinct, rolling lawns, parkland and native reserves bring a community together.

The area&rsquo;s treasured heritage has fuelled its modern-day appreciation of arts and culture,&nbsp;previously known as a hub for renowned Australian landscape artists.

The suburb is&nbsp;now home to the iconic Heide Museum of Modern Art, the Courthouse Museum and many independent galleries that dot the precinct.

3. Green spaces at The Grounds

[smartcode_project:default project_id=5806 project_image_fid=168936]

Within and around The Grounds, a profusion of native and exotic plantings are designed to surround the architecture with calming greenery.

Clusters of native grasses and shrubbery around the base of the buildings give the structures an appearance of floating within the natural parkland setting.

An expansive lawn encourages guests to gather and connect outdoors, while the central courtyard features inbuilt seating and space to bask in the sunshine.

4. Self-contained neighbourhood

[smartcode_project:default project_id=5806 project_image_fid=168933]

&ldquo;Ivanhoe East offers an idyllic lifestyle balance in a self-contained neighbourhood, where you&rsquo;ll walk to everything you need&rdquo;, Babic added.

The neighbourhood features a range of local caf&eacute;s to nurture the community and a diversity of eateries and fresh food providers a few minutes&rsquo; walk&nbsp;away.

Major retail hubs at Ivanhoe Shopping Centre and Heidelberg Central offer a range of retail and dining offerings.

5. Family-friendly development

[smartcode_project:default project_id=5806 project_image_fid=168932]

The affluent suburb places community at its centre, with close to half its residents established and older couples and families.

The development is largely targeted towards maturing couples and semi-retirees, mostly local who are keen to stay in the area.

&ldquo;I think people buy in because it will be a community, it won&rsquo;t be a transient place with 50 for-lease signs up all the time,&rdquo; sales agent Natasha Johnson said.

&ldquo;That&rsquo;s the main attraction &ndash; there&rsquo;ll be no investors here&rdquo;, Johnson added.

The median house price recorded in Ivanhoe East by the REIV for the September 2021 quarter was $2.18 million for homes.

This is significantly higher than the starting price for three-bedroom townhomes at The Grounds, which begin from $1.89 million.

6. Proximity to the CBD

[smartcode_project:default project_id=5806 project_image_fid=168928]

Just 9 kilometres north-east of the CBD, Ivanhoe East delivers a sophisticated, relaxed lifestyle surrounded by established parkland.

Using a network of public transport or the Eastern Freeway, making it into the city is stress-free.

The Boulevard is central to a cluster of Victoria&rsquo;s most prestigious state and independent schools including Marcellin College, Ivanhoe East Primary School, Ivanhoe Grammar and Ivanhoe Girls Grammar.

[smartcode_project_cta: project_id=5806]

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, cafés and independent boutiques

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Culture and convenience at Ivanhoe East: Six things we love about the north-east Melbourne suburb

Sales have launched at the new Ormond apartment development, Walsh Grange.

The contemporary collection of just 23 one, two and three-bedroom apartments is being developed in a joint venture between CQ Property Development and Loi Projects, who had the local architecture firm Telha Clarke design the modern low-rise building.

Their focus was to create a feeling of connection, through shared public spaces, and surrounding gardens and trees.

Prices start from $479,000 for the near 50 sqm one-bedroom apartments. All apartments, as high as the near 100 sqm three-bedroom apartments, are priced under $1 million.

[smartcode_project:default project_id=108897 project_image_fid=180972]

Named after its corner location bordering Walsh and Grange Street, Walsh Grange a rare new development for Ormond, which has quietly been one of Melbourne&#39;s most sought-after suburbs, on the fringe of the popular Bayside area. Ormond is&nbsp;now blessed with bustling retail precincts, extensive amenities, and great education options.

Access to major road networks, spacious public parks and gardens, and a nearby beach also provide convenient access to all of life&rsquo;s necessities.

Within 10 minutes you&#39;re by the bay at North Road foreshore, where there&#39;s a beach-side bike path stretching around the southern bay for kilometres.

[smartcode_project:default project_id=108897 project_image_fid=180981]

Ormond maintains the community charm of the Bayside lifestyle, with numerous restaurants, caf&eacute;s and nearby shopping strips, including Carnegie, Bentleigh and Caulfield.

The development will likely be a hit with families, given the close proximity to a number of Melbourne&#39;s best schools, including&nbsp;Kilvington Grammar, Bentleigh Secondary College and McKinnon Secondary College.

Monash University, one of Australia&rsquo;s top tertiary institutions, is also nearby.

[smartcode_project:default project_id=108897 project_image_fid=180974]

Ormond is near some of Melbourne&rsquo;s best parklands, with playgrounds, sporting grounds and facilities adding further opportunities for family fun and entertaining.

Walsh Grange has been designed to deliver the security of community and the comfort of a private, premium residence.

[smartcode_project_cta: project_id=108897]

In recent years, Ormond has undergone a transformation, now blessed with bustling retail precincts, extensive amenities, and great education options

Sales launch at Walsh Grange, Ormond's newest apartment development

South Melbourne is known for its host of historic parkland, cultural destinations, and cosmopolitan amenity, and Landence&rsquo;s newest residential development, The Evermore, is a short walk from all of them.

Located just minutes from the CBD in a safe, quiet and leafy locale, the 24-storey development is in the ideal location in one of Australia&rsquo;s most liveable cities.

&ldquo;Surrounded by gardens, beaches and river-ways, the neighbourhood is a naturally active and healthy one, with the pristine environment that Melbourne is renowned for&rdquo;, the developers said.

[smartcode_project:default project_id=2087 project_image_fid=180823]

Presiding over the city, the two residential towers pay attention to the needs of a privileged local lifestyle with spaces informed by the surrounding environment.

Delivering 366 residences in one, two and three-bedroom configurations, residents not only enjoy the numerous amenities inside the apartment but the key attractions of the neighbourhood.

South Melbourne&rsquo;s proximity to Melbourne&rsquo;s CBD means a host of destinations and exciting activities are close at hand.

From wonderful exhibitions regularly on display at Southbank Arts Precinct, the arthouses of Federation Square and the National Gallery, or nearby sports arenas and the gardens that surround them.

[smartcode_project:default project_id=2087 project_image_fid=180832]

Nearby, the Royal Botanic Gardens offers a great escape from urban living, while residents can take a leisurely stroll around the Tan Track or a bike ride around the Yarra Trail.

Families will appreciate the choice of quality education within close range as some of the country&rsquo;s most prestigious universities, Monash, RMIT and the University of Melbourne, are minutes away.

Even closer to home, it&rsquo;s the village life of South Melbourne, the colour and flavour of the market, its artisanal makers and fresh produce, that offers residents the best of Melbourne.

The Southbank precinct is within short walking distance, putting some of this city&rsquo;s finest restaurants and caf&eacute;s at your doorstep.

[smartcode_project:default project_id=2087 project_image_fid=180834]

Designed by Hayball Architects, the interiors boast flexible living spaces, generous storage and abundant light with floor-to-ceiling windows and considered layouts.

Ranging between 60 and 120 square metres of living space, residents will enjoy each apartment&rsquo;s natural finishes and organic textures, engineered European oak floors and sophisticated colour palettes.

The Evermore&rsquo;s new East Tower has recently reached completion, delivering large floorplans connected to the most liveable city.

Amenities include a gym and pool, study and cinema, communal lounge, and central landscaped gardens designed by Tract.

[smartcode_project_cta: project_id=2087]

Located just minutes from the CBD in a safe, quiet and leafy locale, the 24-storey development is in the ideal location in one of Australia’s most liveable cities

A walking tour from the South Melbourne apartment development, The Evermore

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Fitzroy North has been one of the best performing suburbs in Melbourne's north east over the last five years.
Its median house price has soared from just over $1 million to $1.36 million, a price difference of $360,000.
Only Clifton Hill (+427,750) and Parkville (+$890,000) have seen their median house price grow further.
To get the latest suburb data on Fitzroy North from CoreLogic, <a href="/developments/fitzroy-north-vic-3068">click here</a>.
<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/2019/9/23/Fitzroy%20North%20median.jpg" alt="">
Fitzroy North, sometimes called North Fitzroy, has a distinct character, noted for its prevalence of wide streets, intact Victorian and Edwardian era terraced housing and for the Edinburgh Gardens, a large inner-city park formerly home to the Fitzroy Football Club. 
Fitzroy North is adjacent to, and shares a postcode and neighbourhood character with Clifton Hill, both being government subdivisions set on elevated ground and to the same layout by Clement Hodgkinson in the 1870s.
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What if you bought in Fitzroy North five years ago?

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Balwyn North, renown in recent times for its French chateaux style home construction spree, has seen its median house price drop back to 2015 levels.
It now sits at $1.6 million, <a href="/developments/balwyn-north-vic-3104">according to CoreLogic</a>, where it was in 2015.
The median house price has dropped drastically since peaking at $1.95 million mid-last year.
<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/2019/9/23/Balwyn%20CL.jpg" alt="">
To see the latest Balwyn North house price data, <a href="/developments/balwyn-north-vic-3104">click here</a>.
But Balwyn residential properties have more recently become known for its knockdown rebuilds, often copying the châteaux of France with their facades.
Balwyn North was one of the first Melbourne suburbs to be developed according to the pattern of postwar suburbia, with expansive, quiet residential areas designed as family homes and relatively few business districts.
Consistently among Melbourne's top 20 most exclusive postcodes, Balwyn North's status as an affluent suburb has seen middle to upper-middle-class families from surrounding localities transfer to the area to take advantage of the suburb's relatively large block sizes and proximity to some of Victoria's best private schools including those in the neighbouring suburbs.
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Balwyn North median house price drops to 2015 levels

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Prices are going backwards on South Yarra's Fawkner Street where a new home development site was passed in on a $2.5 million vendor bid last Saturday, having traded for $2.6 million in 2017.
<a href="https://www.realestate.com.au/property-house-vic-south+yarra-130914522" target="_blank">The 1980s three bedroom home</a> on 335 square metres has approvals secured by the Lumiere Group's Greg Adshead and Nathan Foley.
It's for a design by Megowan Architectural and intended to sit in gardens landscaped by Jack Merlo (pictured below).
<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/2019/5/31/fawk%201.jpg" alt="">
RT Edgar agent Mark Wridgway was signally $2.4 million to $2.5 million in pre-auction guidance, with a $2.65 million reserve revealed post auction.
Wridgway's lengthy onsite auction spiel mentioned everything except the recent shooting murder in nearby Fawkner Park.
The auction attracted Marshall White agent Marcus Chiminello who has a nearby 518 sqm listing.
It is the investment offering of the Sitch family who have it back for sale with a $4 million to $4.4 million guide, after having sliced off a slither of land for their neighbouring holding, just eight months after they paid $4,571,000 for the home marketed as South Yarra's finest single level Victorian heritage home.
 
 
 
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Prices in reverse at Fawkner Street, South Yarra 

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Major changes are afoot for the property market in the northern Gold Coast growth corridor with the first stage of the long-awaited $1.5 billion Coomera Town Centre near completion.
The $470 million Westfield Coomera, next to the Coomera Train Station, is due to open its doors soon.
The opening on October 11 will see retail space spanning 59,000 square metres, 140 speciality stores, major supermarket and retail outlets and a cinema complex, with 7500 jobs created through the construction of the centre.
It heralds the start of big things for the property market in the region as more residential and commercial developments come to fruition.
<a id="m_-1202451848694209736LPlnk200204" href="http://www.riskwiseproperty.com.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://www.riskwiseproperty.com.au/&amp;source=gmail&amp;ust=1537832943365000&amp;usg=AFQjCNEVKG5TlKX4MJ4RF7B3fRj2xkj_wQ">RiskWise Property Research</a> CEO Doron Peleg (pictured above) said the Town Centre, which had been decades in the planning, would stimulate the property market with long-term capital gain forecast. 
In fact, he said the whole region stretching from Oxenford in the south to Pimpama and Ormeau in the north would reap the benefits.
Coomera’s median price for houses is $485,267 and for units $344,029, which Peleg said made them “very affordable”.
And with the forecast population growth, high demand would create healthy capital gains over the next decade.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/24/Coomera%20Capital%20Growth%20-%20Houses.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/24/Coomera%20Capital%20Growth%20-%20Units.jpg" alt="">
Peleg said it was important to remember that while houses were always a good investment, units carried a higher level of risk due to potential oversupply issues and that they did not appeal to families looking for three bedrooms and a yard, meaning demand is less. 
There were 3671 houses in the pipeline for the next 24 months (making up 23.9% of existing stock) and while that carried a certain level of risk in the short term, over the medium and long term the area was likely to experience solid capital growth.
There are 558 units in the pipeline making up 16.7% of current stock.
“The northern Gold Coast growth corridor is probably the fastest growing in the region,” he said.
“In 2011 there were 8,793 people living in Coomera but by the 2016 Census there were 13,305. That’s a growth rate of 51.3% and with the development of the Town Centre the population is going to rise dramatically.” 
According to the Queensland Government Statistician’s Office (<a id="m_-1202451848694209736LPlnk72615" href="http://www.qgso.qld.gov.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://www.qgso.qld.gov.au/&amp;source=gmail&amp;ust=1537832943365000&amp;usg=AFQjCNG1tnSxri6wGGzOE9EML0Vsmw6jUg">QGSO</a>), the population of Coomera, Pimpama, Upper Coomera – Willow Vale is currently just over 50,500 but this figure is projected to more than double to close to 132,000 by 2036.
“Anywhere we see population growth like this, we also see huge demand for dwellings, and this means the projection for strong capital growth is good,” Peleg said.
“Also, with relatively easy access to both the Brisbane CBD, via train or the Pacific Motorway, and the Gold Coast beaches which are less than a 30-minute drive away, or a trip by train and light rail, it only adds to its popularity.
“In addition, Coomera either has, or will eventually have, a community centre, library, numerous sporting facilities, a private hospital and an Olympic-sized pool, plus many more facilities.”
The Gold Coast Marine Centre is also based at Coomera, as is the popular Dreamworld theme park. Both are major employers in the area.
Other drawcards for families are the number of quality schools, both private and public, either in the suburb or nearby, including two GCIT campuses in Coomera.
Apart from Westfield Coomera, other shopping centres in the area include Coomera City Centre and Coles Upper Coomera while Westfield Helensvale is a 10-minute drive away.
Plans for a 54-hectare business park, known as The Link Coomera, have also been filed with Council.
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j.ballantyne1990-6AQqhLzZaK

Coomera property market set to take off: RiskWise

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The wave of new developments and urban transformation in Sydney is changing the markets in many regions of the city. 
The inner east region around Zetland and Waterloo has been undergoing a period of rapid transfiguration. Formerly largely an industrial area, it is now being transformed by a range of new developments, such as Green Square (pictured above), that are gentrifying the area and making it more attractive to a new breed of buyers.  
Postcode 2017 in NSW comprises the two suburbs of Waterloo and Zetland and Property Observer has looked up the trend in units in the two inner-east suburbs from Corelogic and SQM Research to find out how these changes are affecting the market.
Waterloo profile
Waterloo is spread over nearly 1 square kilometre and had a population of 10,662 people in 2011, a growth of 25% from 2006.
The median sale price for units in the area was $850,000, almost double the national average of $438,000, according to CoreLogic. The median prices for units is similar to the median unit price in Sydney.
In the past 12 months, 366 properties sold in Waterloo, with the number of days on the market being 61 on average. There are 64 properties for sale, according to propertyvalue.com.au. 
It takes on average 64 days to sell with vendor discounting of -4.36%.
Capital growth in unit prices in Waterloo have shown double-digit growth in the three years up to 2015, according to CoreLogic RP Data, with 2014 growth at 18.7%, nearly double the city’s 9.9%. 
<img src="/images/2016/10/22/WaterlooCapGrowth.png" alt="">
The household occupancy pie chart shows that nearly three quarters in the area are renters, which indicates a high number of apartments bought for investment. 
The median rent for units was $645 per week with a median gross yield of 4%, according to CoreLogic.
<img src="/images/2016/10/22/WaterlooOccupancy.png" alt="">
Zetland area profile
The size of Zetland is nearly 1 square kilometre with a population size in 2011 of 3,812 that has grown rapidly at 45% from 2006. 
The median unit price of units in the area was $880,000, well above the city’s $850,000, data from www.propertyvalue.com.au shows.
In comparison to Waterloo, capital growth in unit prices in Zetland was just 1% in 2015 – a sharp fall from 16.1% the previous year, RP Data shows.
 <img src="/images/2016/10/22/ZetlandCapGrowth.png" alt="">
In the last 12 months, 183 properties sold spending 58 days on average on the market and there are presently 41 units available for sale.
The pie graph shows renters make up just about half the units in the area at 49%, while 37% are owner occupiers. The median rent for units in the area is $6500 per week with a median gross yield of 3.8%.
<img src="/images/2016/10/22/ZetlandUnitComposition.png" alt="">
SQM research has figured out a scatterplot chart of sold properties in the <a href="https://www.sqmresearch.com.au/sold-properties.php?postcode=2017&amp;suburb=Zetland" target="_blank">2017 postcode</a>. The chart reveals the relationship between sold prices verses land size.
A "best fit" curve represents the relative relationship between the sold price and landsize, which is called the Price Per SQM Co-Efficient Curve. A regional comparison is provided by the purple curve.
<img src="/images/2016/10/22/WaterlooCurve.png" alt="">
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