<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Tamworth

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There has been no significant rainfall across most of the north-west, according to the latest report from the property valuation firm Herron Todd White (HTW).
The valuation firm found that holdings with secure water through permanent rivers, creeks and reticulation systems are proving to be more sought after in the current market.
However listings remain well below average as owners appear to be holding out until the season improves.
"There has been increased demand for small to medium irrigation properties, especially those with groundwater, as this adds another level of security buyers are looking for," it noted.
Irrigation holdings that rely purely on unregulated river were in less demand, HTW noted, due to a 0% allocation within most unregulated river water sources in the north-west.
Over the past two months (August and September) there have been increased yardings through the Tamworth Regional Livestock Exchange.
The yarding remained high with 13,755 sheep and 9,763 cattle yarded in the first three weeks of September.
The lack of rain, high feed prices and the fact that some areas are running out of water are contributing to the increased yardings and general lower than average stock condition.
"Overall trends are cheaper, however the market appears to be holding out for better quality stock," the report concluded.
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wdavis-8cCN98p7xp

Access to water still the key in Tamworth region: HTW

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The drought in the Tamworth region continues to have a significant impact on the number of rural properties on the market.
It is also affecting the level of demand from prospective buyers, according to the latest Herron Todd White (HTW) rural report.
The report suggests the short to medium term seasonal outlook which is looking like the dry conditions may continue into winter is also concerning for buyers.
Since the start of 2018, there have been approximately 25 rural and rural lifestyle sales of property in excess of 200 hectares in the Tamworth region, which is down from approximately 48 rural and rural lifestyle properties sold in 2017/2018.
The predominant buyers are in the lifestyle category who have off-farm incomes, with some neighbor-to-neighbour sales also occurring.
With very low on-farm incomes over the past 18 to 24 months, and in some cases over 24 months, sellers are under increased pressure with evidence to suggest they’re needing to reduce asking prices to meet the market, the valuation firm notes.
At this stage, with a low turnover of sales transactions, it is harder to gauge how the drought is affecting rural values. There are a handful of properties purchased in 2016 and 2017 that have been re-listed for sale. When or if they sell will give a better idea of how the drought is affecting land value.
"From the sales that have occurred, it appears that the median hectare rate has steadied and remains firm," said HTW.
"We are yet to see a significant drop in rural land values."
A current $775,000 listing is a 64 acre Tamworth mix-farming property (pictured above). 
Located at<a href="https://www.realestate.com.au/property-mixed+farming-nsw-tamworth-700018078" target="_blank"> 64 Porcupine Lane</a>, it comes with three bedroom house, workshop, tac room, woodshed, and garden shed.
There is a disused piggery and seven paddocks plus five small holding paddocks.
A recently serviced bore with an electric pump provides water to a header tank that supplies eight troughs and there are three dams.
<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/2019/3/5/tamworth%202.jpg" alt="">
Oakview, a 455 hectare farm in Tamworth, has been recently sold (pictured above).
It was listed for sale with $1.415 million to $1.65 million hopes. 
Situated only 30 kilometres to Tamworth CBD, Oakview at <a href="https://www.realestate.com.au/sold/property-livestock-nsw-tamworth-700006390" target="_blank">701 Mulla Creek Road </a>comes with creek flats, arable slopes, and 3 kilometres of frontage. 
The weatherboard homestead features four bedrooms, separate informal and formal living areas, and covered deck with views.
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j.ballantyne1990-6AQqhLzZaK

Tamworth sees a significant drop in rural land values: HTW rural 

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The Tamworth residential market is continuing to trade strongly across all sectors.
According to the June report from Herron Todd White, residential properties are trading well with both owner-occupiers and investors being active.
There has been an increase in the number of prestige properties being sold across several suburbs, with strong prices and limited time on market achieved.
"As we reach the middle of the year, the slight dip in construction we noticed at the start of the year appears to have stabilised and increased slightly, however it still appears to be down on what was occurring this time last year", stated the HTW valuers.
"This is still being attributed to the change in the first home owner grant as it is the lower end of construction ($350,000 to $450,000) which has slowed down."
The newer sections of Calala, North Tamworth and Moore Creek have seen an increase in sale prices as newer homes come onto the market.
The increase also seems to be attributed to the subdivisions now being more established with less construction happening around the homes, and streets on the whole having a better appeal.
It is not only the newer suburbs performing well - East Tamworth has seen an increase in values particularly among the older style brick dwellings.
According to this report, the average increase in median price for north, east, south and west Tamworth is 11% as at today’s date.
Although this is only data for the past five months and not completely up to date, it does however give a good indication of the strength of the Tamworth market.
Given the relative affordability of housing in Tamworth, the unit market trades has been trading steadily with no real highs or lows.
However with the town continuing to grow and with more professionals moving in, the executive townhouse style unit is certainly increasing in demand, the valuers suggest.
A 3-bedroom, 2-bathroom townhouse sold earlier this year for $550,000 in East Tamworth and with many new dwellings available in this price range, it shows a strong attraction for this style of townhouse.
Overall, the Tamworth market has been trading well, and the valuers forecast this will continue for the remainder of 2018.
There is some concern given the current drought conditions and there may be a slight drop noticed within the rural residential sector, however local agents continue to report strong demand for these properties.
Tamworth is not a town reliant on any one industry and although the drought may affect the rural and rural lifestyle sector, it is expected that the general residential market will continue to trade strongly concludes the report.
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Investors active in Tamworth residential market: HTW

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Tamworth's golfing complex The Longyard Golf Course on Greg Norman Drive, Hillvue is on the market with a price guide of around $11 million.
The facility, on the market by Dromahair through Savills Australia features a total land area of 66.31 hectares and includes an 18 hole Greg Norman/Bob Harrison-designed Golf Course considered on of the top 10 public access courses NSW), a Pro Shop &amp; Golf driving range, Thorny’s Putt-Putt (with two x 18 hole courses and children’s fully fenced play area) Golf club house, conference room;,manager’s residence and the Windmill Tavern (with approval for 20 gaming machines).
There property features two substantial development sites of circa 8 hectares each with one site already contracted to a developer to build a 115 Villa retirement village.
The golf course owner will retain 16 percent profit share of the retirement village and the other site is suited to additional accommodation uses - suited for approximately 60 villa/townhouse sites (STCA) depending on design.
Three townhouses on surrounding land are included in the sale and comprise 2 x 4 bedroom, 3 bathroom townhouses and a 1 x 2 bedroom, 1 bathroom townhouse. Two of the townhouses are currently rented for a combined rental of $1100 per week. There is scope to rent the last townhouse for approximately $300 per week.  
Nic Simarro, Savills Hotels Senior Sales Executive, this mixed use site presents an exciting opportunity to purchase a development opportunity with a holding income generated from a strong trading golf course and tavern.
“An investor/developer has an opportunity to capitalise on additional profit streams from subdivision and development of two x 8 hectare (minimum) parcels of land, with additional potential for on-course guest accommodation” he said.
The Longyard Golf Couse is for sale through Savills via an Expressions of Interest campaign closing 4pm Friday 29 September 2017.
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Tamworth golfing complex The Longyard Golf Course on the market

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Local and non-local investors are strong in Tamworth, according to Herron Todd White’s latest August report.
The property investment firm says that local investors tend to pick properties that are in a good location and have average rent return.
“The Tamworth region has a strong investment sector with both local and non-local investors taking part.
“The trend for local investors is to buy a safe property (good location, average rent return and lower risk).
“On the other side we see non-local investors being more risky, with a focus on higher rent returns which tends to be properties in less desirable areas with returns of up to 8% gross but less capital gain,” the report stated.
Non-local investors are starting to invest more in new subdivisions Herron Todd White advises.
“There has also been a notable increase in non-local investors investing in new subdivisions that are entirely aimed at outside investors.
“These sub-divisions become a less desirable location due to the lack of owner-occupiers and so far have appeared to enjoy little in the may of increased market value.
“Local investors operate within a large price range depending on their financial capacity with investments occurring from around $200,000 all the way to $600,000.
“Non-local investors are a bit more constrained with their investments with the lower bracket being around $150,000 (parts of West Tamworth) up to around $500,000.
“Each price point represents a different goal for the property with the lower end focusing on higher rental yields and the upper end focused on capital growth,” the report advised.
Tamworth’s continued expansion means that investors will now have to consider capital gains when purchasing properties Herron Todd White says.
“With Tamworth continuing to expand and doing quite well, the strategy of medium price point with average rental return but opportunity for capital gains seems to be the better strategy of the two.
“The reason for this is that with an average return of 5% to 6% gross on these properties, the return is still better than capital cities and it provides less risk than higher yield properties.
“Over the past 12 months we have seen an increase in investor activity within the Oxley Vale area as there is opportunity to buy both new and established homes within an expanding suburb that is not too expensive.
“Nice established homes can be purchased for $300,000 and enjoy a return of roughly 5.5% gross.
“The continual expansion of Tamworth makes investors a vital part in allowing it to grow, as more people come to town and require accommodation.
“At this time there has been minimal to no impact on first home owners from investors, due to the affordability of Tamworth,” the report commented.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-126074126" target="_blank">20 Robyn Street</a>, Tamworth (above) has been listed for $275,000.
Built in 1950 it was last sold in 2013 for $226,500.
Another three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-126043098" target="_blank">6 Wentworth Place</a>, Tamworth (below) has been listed for $279,000.
<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/2017/08/04/6%20Wentworth%20Place.jpg" alt="">
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Investment in Tamworth strong from both local and non-locals: HTW

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Half a million dollars is enough to buy a home in the Tamworth region, according to Herron Todd White’s July report.
The property investment firm says that those wishing to upgrade are the main market.
“The lazy half million gives buyers the opportunity to buy a quality home in the Tamworth region without having to sacrifice any of the creature comforts.
“$500,000 will get you a near new, large brick veneer home of a quality fit-out in the expanding suburbs of Calala, North Tamworth or Moore Creek, or if new is not your style it will buy a renovated brick federation home in East Tamworth or North Tamworth.
“This price range also gives buyers the opportunity to move out of town onto small acreage (one to five hectares) with an older dwelling (1970 up) in original but good condition.
“With the Tamworth median house price sitting around $360,000, half a million dollar houses are certainly not what first home owners or investors are looking for.
“At this price range we are seeing upgraders and families as the main target market.
“The best performer at this price range would be the small acreage properties or the older homes in East Tamworth, both of which are experiencing good growth in land values and capital gains,” the report stated.
Investors can benefit from the return potential in Tamworth Herron Todd White says.
“For investors this price opens up the potential for a modern duplex or older unit block or triplex.
“While these options offer little in the way of capital growth a gross return on investment of 6% to 8% is easily achieved.
“The other option would be to purchase two separate properties, with plenty of reasonable properties available at the $250,000 mark that provide potential for capital growth as well as strong rental returns
“We believe this market will continue to be a strong contender within the Tamworth market.
“With the introduction of the new stamp duty rules for first home buyers and continuing low interest rates, we expect there will be more activity in the $250,000 to $400,000 market which will open up more opportunities for those looking to upgrade and move into the next price bracket,” the report commented.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-125732778" target="_blank">11 Wickham Street</a>, Tamworth (above) has been listed for $358,000.
A five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-125732778" target="_blank">83 Crown Street</a>, Tamworth (below) has been listed for $375,000.
<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/2017/07/31/83%20Crown%20Street.jpg" alt="">
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Half a million more than enough for Tamworth homes: HTW

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The residential market at Tamworth is rising, according to Herron Todd White’s latest report.
The property valuation firm says that there has been notable increases in vacant land values.
“Tamworth is currently experiencing a rising market with notable increases in vacant land values, sale prices for established homes and a strong demand for housing.
"New and established homes within sought after suburbs are where the strongest growth and demand is being seen.
"While there are still plenty of sales occurring within the less desirable suburbs there has been less growth with some re-sales within 12 months increasing very little ($5,000 to 10,000) or staying the same if the property condition is worse than on the initial purchase.
"Over the past 12 months we have seen vacant land values continue to rise.
"Within the suburb of Calala a block worth $120,000 last year is now selling for $140,000 plus.
"The demand for prestige homes within East Tamworth is also showing signs of rising as properties over the $1 million mark are selling within shorter time periods and for higher prices,” the report stated.
Herron Todd White says that affordability and employment are the two main factors in Tamworth’s rising market.
“The two factors driving the Tamworth market are affordability and employment.
"With strong professional, agricultural and commercial industries, there is plenty of employment opportunity within a range of fields.
"Along with the ability to find a job, housing is comparatively cheap with a comfortable 4-bedroom, 2-bathroom family home able to be purchased for $400,000.
"There is certainly a trend of families making the country change to Tamworth where they can afford a family home while still having a large employment market.
"The market has being doing well lately due to the affordability of housing for both owner occupiers and investors.
"The 2016/17 financial year has been good for the agricultural industry, with good rain resulting in favourable seasons for farmers, which in turn encourages them to spend and others to invest in the industry, resulting in further employment opportunities."
The veers noted the expansion of the hospital was also helping with an increase in the number of staff required.
"If the market continues on its current path, the increase in people moving to the town along with the increase in employment due to the expansion and establishment of businesses will see Tamworth experience several more years of strong growth,” the report advised.
Tamworth would be at risk of a declining market if the current demand for vacant land were to be overwhelmed by the supply and if the local commercial and rural industries were to suffer a decline due to drought or a skills shortage.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-125452926" target="_blank">316 Back Kootingal Road</a>, Tamworth (above) has been listed for $410,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-125314666" target="_blank">15 Grand Meadows Drive</a>, Tamworth (below) has been listed for $445,000.
The block of land was last sold in 2013 for $98,000.
<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/2017/05/16/15%20Grand%20Meadows%20Drive.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-tamworth-125143282" target="_blank">2/3-5 Piper Street</a>, Tamworth (below) was recently sold for $244,000.
It last sold in 2007 for $187,000 and in 1994 for $113,000.
<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/2017/05/16/2_3-5%20Piper%20Street.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-tamworth-123711874" target="_blank">23 Verdelho Drive</a>, Tamworth (below) was recently sold for $539,000.
The block of land was last sold in 2012 for $98,000 and the house was built in the same 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/2017/05/16/23%20Verdelho%20Drive.jpg" alt="">
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Tamworth residential market continues to rise: HTW

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An childcare investment property at Tamworth has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-medical+consulting-nsw-tamworth-502320806" target="_blank">8 Patrick Street</a>, the property has a five year lease to G8 Education until May 2029.
There is two further 5 year options to extend until May 2039.
It has a fixed annual rental increase of 4 percent plus ‘ratchet’ provisions.
The property is well maintained and licensed for 38 places with all outgoing fees paid for by the tenant.
It has a net income of $97,525 per annum plus GST.
Positioned in a highly regarded place TAFE New England is 200 metres away while Tamworth’s CBD is only a kilometre.
The auction is on April 4 through Burgess Rawson agents Dean Venturato, Natalie Couper and Adam Thomas.
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Tamworth childcare investment property listed for sale

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Tamworth is seeing a lot of first time buyers in both the owner-occupier and investor sectors in comparison to other cities, according to HTW’s Month in Review: March 2017. 
The valuation firm says the $250,000 to $350,000 range is the most active for these buyers, with many choosing to buy within established suburbs and renovating older dwellings.
Outside of this range the buyers are choosing to build rather then buy.
“The incentives offered (ie. no stamp duty, $10,000 grant) mean they will save money when compared to buying a house of a similar calibre,” the report says.
“There is strong evidence of young people buying in Tamworth, particularly building homes, who come from Sydney and as they cannot afford to buy there.”
HTW advises buyers to choose their location very carefully.
“While prices in several suburbs can be very enticing for young buyers, ie. less then $200,000, these areas experience little to no capital growth and are not a good long term investment,” it says.
“Parts of west Tamworth and south Tamworth should be avoided as they have a strong housing commission population and historically experience very little growth when compared to non housing commission areas within the same suburb.
“The mistakes we are seeing include going too big too soon, with many first time buyers who choose to build trying to build their ‘forever home’ and placing themselves in a situation where they struggle with mortgage affordability.
“With the affordable options of Tamworth it is best to research and remember that this house will most likely not be a forever home for them, so spending $700,000 on a first home in the best suburb is not needed.”
A five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-124623126" target="_blank">357 Armidale Road</a>, Tamworth (above) has been listed for between $330,000 to $350,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-tamworth-124859686" target="_blank">14 Aberdeen Street</a>, Tamworth (below) has been listed for $270,000.
<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/2017/03/09/14%20Aberdeen%20Street.jpg" alt="">
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Tamworth seeing influx of first time buyers from Sydney

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The Tamworth district farms, Mount View Station (above) and Wildcroft have been listed for sale with an $8.5 million price tag.  
Considered one of the New England’s most prestigious properties, the current landowners have transformed the four 1800s properties on the estate.
It comes with the large Federation era homesead with 11 inch pressed metal ceilings.  
Spanning 2,500 hectares, the land currently serves as soft grazing country housing about 5,000 lambs.
It can be used as tourism accommodation. 
There are over 90 dams with 34 new and 11 key dams. Is infrastructure includes a prerequisite woolshed, sheep and cattle yards, silos and machinery sheds.  
The property has been listed through Gavin Beard of Landmark Tamworth. 
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