Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Joel Robinson

First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

Tasmania

<html><body>
We’re regularly told that one of the most important things about investing in property is to hold that investment for a long period of time. But how long do people tend to hold their properties for?
Here are the 10 most tightly held markets in Tasmania, for houses, based on the years held and the median prices. 
<ol>
<li>
<a href="/news">Stieglitz</a> 14 years $233,000 
</li>
<li>
<a href="/news">Forth</a> 14 years $350,000 
</li>
<li>
<a href="/news">Rose Bay</a> 14 years $428,000 
</li>
<li>
<a href="/news">Summerhill</a> 13 years $243,000 
</li>
<li>
<a href="/news">Swan Bay</a> 13 years $370,000 
</li>
<li>
<a href="/news">Waverley</a> 13 years $159,000 
</li>
<li>
<a href="/news">Kingston Beach</a> 13 years $455,000 
</li>
<li>
<a href="/news">Miandetta</a> 13 years $240,000 
</li>
<li>
<a href="/news">Mount Nelson</a> 13 years $518,000 
</li>
<li>
<a href="/news">Cambridge</a> 13 years $513,000</li>
</ol>
Source: RP Data
Another 61 suburbs ranked as having a hold period of 10 years or more.
</body></html>

jduke-EHk3XBmHkn

The 10 most tightly held Tasmanian suburbs: RP Data

<html><body>
A small construction company is aiming to tackle Tasmania’s high rates of obesity and cardiovascular disease by starting to change people’s attitudes to exercise and healthy eating in the workplace.
Ronald Young &amp; Co Builders in Hobart have been constructing homes in southern Tasmania for more than 40 years. Husband and wife duo Lisa and Paul Burnell purchased the business in 2011 and immediately recognised the importance of implementing a successful health and wellbeing program.
Lisa Burnell said research shows <a href="https://www.smartcompany.com.au/people/42402-one-in-five-workers-has-stayed-home-in-past-year-because-they-felt-mentally-unwell-study">healthy workers are nearly three times more productive than unhealthy workers</a>. In addition, they have fewer sick days and workers compensation claims.
“The benefits to our business have been that it’s been enhanced teamwork and workplace morale,” she said. “It demonstrates that we value a positive work environment.”
As part of the program, the company’s 10 permanent employees receive free health checks on site – such as blood pressure monitoring – and are encouraged to eat healthy and exercise.
“I’m a registered nurse so I have found it easy to incorporate this into our business,” Burnell said when describing the program. “I also develop an annual calendar of events and other initiatives – men’s health, prostate awareness, cardiovascular disease. There’s a lot of information out there.”
The business’s actions have not only improved their brand image but also their involvement in the local community.
“Tasmania has one of the highest rates of obesity,” she said. “Construction workers are blue collar workers and alcohol and smoking is high. So for me with my background it’s good to be able to try to initiate some health improvements.”
Burnell points out while a lot of SMEs don’t have the time or resources to implement a health and wellbeing program as extensive as theirs, if you are a business owner it is still worth putting health and safety high up on your list of priorities.
“The return on investment is high,” she said. “It’s not only our legislative obligations – and I think a lot of businesses are aware it’s good business.”
Burnell said if other small enterprises wanted to follow suit, then her top tips would be to include health and wellbeing in the business’s core values and to get staff involved.
“Do a needs assessment,” she said. “See what your health needs are in your workplace. Start off small and network with other businesses.”
This article first appeared on SmartCompany. 
</body></html>

po-LsXgBTHBmX

Meet the Tasmanian construction company giving its workers free health checks

<html><body>
It has been a strong sales quarter for Tasmania, Australia’s cheapest state for property.
We looked at the <a href="/news/tas/tasmania-records-strongest-sales-month-in-half-a-decade-reit">most recent data from the Real Estate Institute of Tasmania</a>, in their Quarterly Property Report June 2014, to compile the cheapest suburbs – those equal to or sub-$180,000 – across the country from A to Z.
We note that some of the data is statistically questionable due to the infrequency of sales in these areas.
Here are the 24 suburbs that made our list, and their recorded quarterly and yearly median price changes.
FROM A TO Z
<ul>
<li>Acton</li>
</ul>
$151,250
Median price change over quarter: 4.3%
Median price change over year: -4%
<ul>
<li>Avoca</li>
</ul>
$178,000
Median price change over quarter: NA
Median price change over year: 40.7%
<ul>
<li>Beaconsfield</li>
</ul>
$164,000
Median price change over quarter:  -33.1%
Median price change over year: -13.1%
<ul>
<li>Beauty Point</li>
</ul>
$165,000
Median price change over quarter: -10.8%
Median price change over year: -17.1%
<ul>
<li>Bridgewater</li>
</ul>
$159,000
Median price change over quarter: -16.3%
Median price change over year: 54.4%
<ul>
<li>Campbell Town</li>
</ul>
$140,000
Median price change over quarter: -22.2%
Median price change over year: -14.9%
<ul>
<li>Clarendon Vale</li>
</ul>
$126,000
Median price change over quarter: -22.3%
Median price change over year: 10.8%
<ul>
<li>Cressy</li>
</ul>
$180,000
Median price change over quarter: -13.3%
Median price change over year: -68.3%
<ul>
<li>Derby</li>
</ul>
$110,000
Median price change over quarter: 10.8%
Median price change over year: NA
<ul>
<li>Emu Heights</li>
</ul>
$130,000
Median price change over quarter: NA
Median price change over year: NA
<ul>
<li>Exeter</li>
</ul>
$170,000
Median price change over quarter: -40.9%
Median price change over year: -43.3%
<ul>
<li>Forest</li>
</ul>
$160,000
Median price change over quarter: 18.5%
Median price change over year: -27.3%
<ul>
<li>Gagebrook</li>
</ul>
$125,000
Median price change over quarter: 8.7%
Median price change over year: 16.3%
<ul>
<li>Georgetown</li>
</ul>
$172,000
Median price change over quarter: 72%
Median price change over year: -18.1%
<ul>
<li>Havenview</li>
</ul>
$169,000
Median price change over quarter: NA
Median price change over year: 8.6%
<ul>
<li>King Island</li>
</ul>
$180,000
Median price change over quarter: 9.1%
Median price change over year: NA
<ul>
<li>Mayfield</li>
</ul>
$120,500
Median price change over quarter: -7.3%
Median price change over year: -3.6%
<ul>
<li>Queenstown</li>
</ul>
$48,500
Median price change over quarter: -17.8%
Median price change over year: -34.6%
<ul>
<li>Ravenswood</li>
</ul>
$120,000
Median price change over quarter: 14.3%
Median price change over year: -14.3%
<ul>
<li>Rocherlea</li>
</ul>
$138,000
Median price change over quarter: -6.8%
Median price change over year: 16.9%
<ul>
<li>Rokeby</li>
</ul>
$174,000
Median price change over quarter: -30.4%
Median price change over year: -5.9%
<ul>
<li>Roseberry</li>
</ul>
$33,000
Median price change over quarter: -72.5%
Median price change over year: 127.6%
<ul>
<li>St Marys</li>
</ul>
$135,000
Median price change over quarter: 4.7%
Median price change over year: -2.2%
<ul>
<li>Zeehan</li>
</ul>
$84,000
Median price change over quarter: -11.6%
Median price change over year: 74.7%
</body></html>

A-Z: The Tasmanian suburbs with median house prices under $180,000

<html><body>
The June Quarter Property Report from the Real Estate Institute of Tasmania has recorded the highest number of house sales for a quarter in four years – that is, since the 2010 June quarter. It was also the strongest month since June 2009.
A 5.7% increase across the state was recorded, up 10.1% for the year, explained REIT president Adrian Kelly.
“Breaking these figures into regions, we see Hobart experienced a 23% increase, Launceston a 14.4% increase, while the North West Centres eased back for the quarter – down 4.8% on the previous quarter, but up 4.4% on the same time last year," said Kelly.
“Interestingly, Outer Hobart house sales increased by 53.8% for the quarter and 52.4% on the same time last year."
There was a decreased median days on market - dropping by eight days to 62 across Tasmania, and the median house price was recorded as being up 2% to $311,000 for the quarter.
Across the state, the most expensive suburbs included:
<ul>
<li><a href="/news">Battery Point</a></li>
<li><a href="/news">Acton Park</a></li>
<li><a href="/news">Sandy Bay</a></li>
</ul>
The three most affordable:
<ul>
<li><a href="/news">Ravenswood</a></li>
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“Six municipalities also recorded a median house price higher than that of the state median ($311,000), these included Clarence ($358,000), Hobart ($490,000), Kingborough ($408,000), Latrobe ($334,000) and the Meander Valley ($315,000)," explained Kelly.
First home buyers recorded 17% of all house sales across the quarter, however Kelly expects a drop for the next quarter.
“Second home buyers continue to hold over half the market, accounting for 52% of house sales and a median house price of $338,120," he said.
“The report also revealed interstate and overseas buyers were down slightly to sit at 15% for the quarter.”
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Tasmania records strongest sales month in half a decade: REIT

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Currently, established and new properties in Tasmania can receive a benefit for first time buyers, with up to $30,000 available. However, as in many other states and territories, this is changing at the end of June.
From 1 July 2014 established home buyers will lose the current $7,000 benefit.
For new properties, the First Home Builder Boost, which last November increased from $8,000 to $23,000, those eligible for this would also be benefit from the $7,000 FHOG, bringing their total payment to $30,000.
The grant for new properties is available until 31 December 2014.
To be eligible, you must not have owned and occupied (for more than six months) a home in Australia after 1 July 2000, and you cannot have owned a property before this time.
When you get the FHOG, you need to live in the property for six continuous months within 12 months of the date which the certificate of occupancy is issued.
You can check out the <a href="/expert-insights/buying/the-national-guide-to-first-home-buyer-grants">national guide to first home buyer grants</a> to see a more detailed rundown of what's available across Australia for first home buyers.
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Tasmanian first home owners to lose grant for established homes at the end of June

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Tasmania’s first home buyers are still keeping out of the market, now sitting at just 17% of the market, warns the Real Estate Institute of Tasmania’s president Adrian Kelly.
Kelly said that if the first home owners’ grant is removed in 1 July, then this situation is likely to keep getting worse.
“If the Grant is to be axed, we look forward to seeing what alternative measures are to be introduced by the new Liberal government,” he said.
“Second home buyers still continue to hold over half the property market now accounting for 52% of purchases with a median house price of $325,000.
“Both interstate and overseas buyers were also up slightly to sit at 16 per cent of house sales for the quarter.”
In the March quarter, a house sales decrease of 4.6% was recorded, however an annual 14.9% improvement compared to 2013 has been noted.
Launceston house sales dropped 18.5% over the March quarter, returning to a similar level prior to the uptick in interest. It remains 25.1% above the March quarter 2013.
Hobart house sales also dropped for the quarter, but recorded a 10% uptick over the year, with specific interest in the central suburbs – 18.8% up for the year.
“The median house price for Tasmania remained steady for the quarter to sit at $305,000 totalling an increase for the year thus far of 4.5%,” he said.
Brighton, Clarence, Hobart and Kingborough municipalities saw increases in median house prices and sales for the quarter – along with a number of others with lower than median house prices.
Photo courtesy of Ian Armstrong/Flickr/<a href="https://creativecommons.org/licenses/by-sa/2.0/" target="_blank">Creative Commons</a>.
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“First home buyers continue to dwindle” in Tasmania: REIT

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Hobart may have some of the cheapest properties across the capitals in Australia, with a recorded median of $338,000 according to RP Data, and it appears that this might just be attracting buyers from the more expensive capitals.
Speaking to The Mercury about the sale of high end properties, Real Estate Institute of Tasmania president Adrian Kelly mentioned that many people have been “priced out of the market” in Melbourne and Sydney due to the recent booms in prices.
“It wouldn’t surprise me if Tasmania benefited from this with investors looking further afield,” Kelly told The Mercury.
“One in seven Tasmanian properties are sold to interstate buyers because of our affordability and strong rental returns.’’
At the end of the September quarter of 2013, Property Observer reported that <a href="/news/tas/hobart-house-sales-down-over-quarter-but-picture-mixed">house sales to interstate buyers remained strong</a>.
“Second home buyers still hold over half the property market, with the report revealing they account for 55% of house sales at a median house price of $317,750, while interstate buyers held 14% of the market share for the September quarter," Kelly explained at the time.
If you're looking to buy interstate, you can <a href="/expert-insights/investing/how-to-buy-property-interstate">read this guide here</a>.
Photo courtesy of Ian Armstrong/Flickr.
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One in seven Tasmanian properties sold to interstate buyers: REIT

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The Prince of Wales stables at Fingal in Tasmania remain listed for sale with a $145,000 asking price.
<a href="https://www.realestate.com.au/property-house-tas-fingal-112656971" target="_blank">The Tasmanian heritage listed building adjoined the Prince of Wales Hotel</a> which burnt down in the 1920s.
Set on the island's north east, the colonial sandstone stables date back to the 1840s.
William Augustus Solomon was the licensee in the 1870s.
"The Prince of Wales stables are a fantastic link with our Tasmanian heritage," the Roberts Longford agents David Headlam and Jeff Carins note.
The 170 square metre at 57 Talbot Street, Fingal is an untouched example of colonial craftsmanship with the unrestored property coming with cobbled floors, horse stalls, feedbins and with a feed loft upstairs. There's also small stable hands accommodation.
"Truly a project in the view of Grand Designs," the marketing says. The 3,845 square metre property comes with a separate two room timber cabin, ruins and a winter creek.
The property has been listed since late 2010 with no change in its asking price.
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The Prince of Wales stables, 1840s Tasmanian heritage sandstone stables

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The Hayes Prison Farm, Kilderry, has been listed for sale at $3.35 million.
The property was converted into the Hayes Prison Farm by the Tasmanian government as a minimum security facility during the 1960s.
It has been <a href="https://www.realestate.com.au/property-mixed+farming-tas-hayes-7529911" target="_blank">listed by Peter Wade at Robert Real Estate</a>.
The former Hayes Prison Farm comprises 595 hectares, of which 218 hectare will be protected under a conservation covenant.
The balance land, some 379 hectares, is considered prime agricultural farming land. 
The property has numerous buildings located on it, including barns, dairy and various others, plus the gaol 70 cell block and administrative buildings associated with the prison.
The state government-owned Derwent Valley farm, decommissioned in late 2012 after the last 40 prisoners were moved to Risdon Prison, was briefly speculated as being potentially a detention centre for asylum seekers.
The farm near New Norfolk allowed prisoners to be rehabilitated through learning agricultural skills.
Low-security inmates milked the cows in the 20-stand dairy and grew vegetables and tomatoes in a large glass hothouse.
They produced and packed frozen vegetables in a purpose-built kitchen and coldroom for Hobart nursing homes and hospitals.
The land held a 800-megalitre River Derwent water licence suitable for stone fruit, cherries, vineyards, and market garden.
"Over the years the farm has been recognised for its excellent dairy herd, extensive market gardens, grazing sheep and wool production, cattle and processing of vegetables," the marketing says.
The Hayes Prison Farm offers exciting and somewhat different opportunities," Peter Wade said. 
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