A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Tasmania

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A piece of Tasmanian history that pre-dates the historic Port Arthur has been listed for sale.
The publicly-owned Willow Court compound near Hobart sits on 2,900 sqm and comprises a number of buildings and gardens.
It is the centrepiece of the Royal Derwent Hospital which was decommissioned in 2000. It was Australia's longest-operating mental health facility.
LJ Hooker Commercial Hobart agent Mark Devine is listening to expressions of interest until April 20. Devine said the property will need to be renovated, but has high hopes of it achieving national recognition.
<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/2018/2/28/Willow%20Court_4%20copy.jpg" alt="">
“Willow Court was closed in 2000, so while significant refurbishment is needed, the stately facades and internal character will appeal to developers who can recognise a unique opportunity in an emerging tourist market.
“Willow Court has the fundamentals to join Port Arthur, Constitution Dock, MONA and other sites on the growing list of internationally recognised tourism hubs in Tasmania."
The property, expected to be sought after by developers, already has a commercial aspect.
The Argrarian Kitchen opened less than a year ago and has been on the radar of foodies since it was awarded two Hats by the national Good Food Guide.
<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/2018/2/28/agarian.jpg" alt="">
“The Agrarian Kitchen has done a tremendous job in showcasing the quality produce of the Derwent Valley,” Devine said.
“Its success has convinced Council to pursue complementary uses for the site, with particular interests in artisan retail, community and tourism amenities.
  
 
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jrobinson-rf4aSBido9

Australia's longest running mental health facility listed in Tassie

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GUEST OBSERVER
Housing affordability is a <a href="https://myaccount.news.com.au/sites/themercury/subscribe?sourceCode=TMWEB_WRE170_a&amp;mode=premium&amp;dest=http://www.themercury.com.au/news/tasmania/families-forced-to-live-in-tents-at-hobart-showgrounds/news-story/c297721586a2d2129dba7ec6a3186456?memtype=anonymous" target="_blank">central issue</a> in the Tasmanian election, but <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-02-05/tasmanian-election-promise-tracker/9373438" target="_blank">regulating Airbnb</a> is not the answer.
Our <a href="https://www.propertyobserver.com.au/http://ecite.utas.edu.au/118352" target="_blank">ongoing research</a> shows that Airbnb is beneficial for the economy, especially in remote areas. In addition to creating accommodation for tourists and providing income for hosts, we found that the recommendations Airbnb hosts provide are incredibly important for small businesses.
<a href="http://www.anglicare.asn.au/docs/default-source/default-document-library/rental-affordability-snapshot-2017.pdf" target="_blank">A 2017 Anglicare report</a> acknowledged that Airbnb might be taking some of the private rental market in Tasmania but it didn’t have any evidence to confirm this.
Our <a href="http://onlinelibrary.wiley.com/doi/10.1111/jsbm.12368/full" target="_blank">prior research</a> shows that shops and eateries in regional and rural areas struggle to attract visitors. The word-of-mouth marketing provided by Airbnb hosts is helping to solve this problem.
One of the Airbnb hosts in our study said:
It’s an opportunity for people to get an honest insight into where they’re staying … you might know of a local place that doesn’t have great marketing or money to spend on marketing that you know [guests] wouldn’t have found otherwise.
The Tasmanian government <a href="http://www.premier.tas.gov.au/releases/embracing_the_sharing_economy" target="_blank">deregulated</a> Airbnb in 2017, allowing owners to rent up to four rooms on sharing platforms. Airbnb <a href="https://www.airbnbcitizen.com/tasmania-embraces-home-sharing/">claims</a> to have hosted 169,000 guests in the 12 months to January 2017. This is around 10% of all tourists to Tasmania in that period.
According to a <a href="https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-airbnb-economic-effects-in-australia-tasmania-010517.pdf" target="_blank">report by Deloitte Access Economics</a>, a majority of Airbnb listings are located outside traditional hotel districts. Airbnb guests spent an estimated A$27.3 million outside the greater Hobart region in 2015-16.
In <a href="https://www.propertyobserver.com.au/http://ecite.utas.edu.au/118352" target="_blank">our research</a>, we have interviewed hosts, guests and small business operators in Tasmania. Many hosts rent out rooms that would not otherwise be available through long-term rental, which deflates some of the arguments that Airbnb is removing large portions of the supply of rental units.
Our study also confirmed Airbnb guests stayed, and spent money, in areas outside major tourist destinations. This provides opportunities for small local businesses located on the city fringe, as well as in suburban, coastal and rural regions.
Airbnb guests <a href="http://www.tandfonline.com/doi/full/10.1080/13683500.2013.827159?scroll=top&amp;needAccess=true" target="_blank">want to make deep connections with their destination</a>. They therefore desire alternative sources of information in addition to mainstream tourism marketing. Who better to give an insider’s view than a local?
As a result Airbnb visitors are discovering more local small businesses, in a variety of locations, through word-of-mouth recommendations from Airbnb hosts.
One Airbnb guest in our study said:
<blockquote>
I’m looking for a host to tell me what’s going on, and I would value that above any other source of information really … it makes a big difference what the host says.
</blockquote>
The demographics of the hosts are also important to note. <a href="https://www.airbnbaction.com/wp-content/uploads/2016/09/Airbnb_SeniorHostsEuropeReport_English_9-13-16.pdf" target="_blank">Many Airbnb hosts</a> are single women. Hosting allows them to supplement their incomes and helps them pay rent or mortgages.
“I think it’s a positive way of making life a bit easier for everyone involved… it gives a sense for almost everyone to be an entrepreneur … maybe it’s a bit cheesy, but it empowers people…,” said one female host.
As the number of Airbnb hosts grows across Tasmania, <a href="http://www.themercury.com.au/realestate/bidto-curb-airbnb-surge-as-hobart-city-council-wants-house-limit-at-two-rooms-not-four/news-story/306f73e76b5c4eb2b7e72edd623e7bb7" target="_blank">local councils</a>, residents, <a href="http://www.examiner.com.au/story/4929443/tourism-chief-says-council-motion-is-leading-the-way-on-airbnb-regulation/" target="_blank">tourism and hospitality lobby groups</a> and small accommodation businesses continue to grapple with its impact.
Some on Hobart City Council want <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-06-19/councils-may-consider-taxes-to-deal-with-airbnb-tourists/8624710" target="_blank">to regulate and tax</a> Airbnb to discourage the conversion of rental properties into short-term rentals.
The Tasmanian Greens <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-02-05/tasmanian-election-promise-tracker/9373438" target="_blank">have promised</a> to regulate Airbnb if they are successful in the upcoming election.
But Tasmania is experiencing an <a href="https://www.scribd.com/document/363899848/Accommodation-Supply-Analysis-in-Launceston-Part-1" target="_blank">acute tourist accommodation shortage</a> thanks to <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-03-19/tourism-boom-on-track-in-tasmania/8367412" target="_blank">recent improvements in wilderness infrastructure</a> and the “<a href="https://www.theaustralian.com.au/life/weekend-australian-magazine/the-mona-effect-towns-want-in-on-david-walshs-museum-act/news-story/f803dae3f027a31eb59e4a461303e345" target="_blank">MONA effect</a>”, among other factors.
<img src="https://counter.theconversation.com/content/91566/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Airbnb not only utilises existing infrastructure to meet this demand, our research shows it empowers female hosts and encourages tourists to discover, visit and spend in remote communities.
<a href="https://theconversation.com/profiles/louise-grimmer-212082" target="_blank">Louise Grimmer</a>, Lecturer in Marketing, Tasmanian School of Business and Economics, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>; <a href="https://theconversation.com/profiles/maria-massey-441127" target="_blank">Maria Massey</a>, PhD Candidate, Tasmanian School of Business and Economics, ARC Training Centre for Innovative Horticultural Products, School of Land and Food, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>, and <a href="https://theconversation.com/profiles/oskaras-vorobjovas-pinta-443280" target="_blank">Oskaras Vorobjovas-Pinta</a>, Lecturer in Management, Tasmanian School of Business and Economics, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/airbnb-is-blamed-for-tasmanias-housing-affordability-problems-but-its-actually-helping-small-businesses-91566" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Airbnb is blamed for Tasmania's housing affordability problems

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Horizons on the Beach on Tasmania's east coast has been listed for $1,295,000.
The<a href="https://www.realestate.com.au/property-house-tas-dolphin+sands-125922242" target="_blank"> beachfront reserve property</a> at Dolphin Sands, half way between Hobart and Launceston, sits within the expansive curve of Nine Mile Beach, with a backdrop of Coles Bay and the iconic Hazard, for which the Freycinet Peninsula is famous for.
Master built on two hectares with 85 metres of beachfront, the home has three bedrooms, three bathrooms and a separate media room. 
<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/2018/1/9/horizons2.jpg" alt="">
It is Smart Wired with HPM 1 control wiring, allowing to control of the lighting, music and heaters via a phone or computer.
Kerri's Coastal Realty agents Kerri and Ray Kennewell are marketing the home as Beauty and the Beach. 
 
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Horizons on the Beach listed at $1,295,000

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Dwelling prices in inner city Hobart notched up the strongest price growth in Tasmania over the last 10 years, according to recent CoreLogic data.
Hobart inner’s 10-year growth was 34.2% and its median dwelling price was $585,396, according to CoreLogic’s CoreLogic’s Best performing property markets past 10 years release.
Hobart is a relatively small capital city of about 225,000 persons. 
<a href="https://www.propertyobserver.com.au/images/2017/12/1/Hobart10yrsList.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/12/1/Hobart10yrsList.png" alt="">
CoreLogic’s methodology is based on the best performing property markets at an SA3 level (SA3 represents a regional area serviced by major transport &amp; commercial hub with a population of between 30,000 and 130,000 people).
The list of top 5 regions that recorded the maximum growth in property values were all in Hobart, according to the report.
Last year dwelling values rose 12.3 percent, almost five times higher than Hobart's 2.5 percent average annual rate of capital gain over the decade.
Housing prices are low relative to the mainland capital cities, with its median house value at $424,000, some 54 per cent lower than Sydney and 49 per cent lower than Melbourne. 
CoreLogic's director of research Tim Lawless does not think Hobart is going to remain as strong as it has been.
He does not expect double digit growth during 2018.
Suburbanite property valuer Anna Porter has also warned some forecasts have grossly overestimated Hobart's potential growth.
Porter suggests the fundamentals that support market growth are lacking in the country's southernmost state.
"With no major infrastructure projects planned, migration anticipated to be soft, limited job creation and zero economic stimulus there just aren't the drivers there to create strong market movement," she told Fairfax Media.
A two-bedroom apartment in Hobart (postcode 7000) at <a href="https://www.realestate.com.au/property/unit-31-166-bathurst-st-hobart-tas-7000?pid=p4ep-pdp%7Csold-pdp:property-history-cta#history" target="_blank">31/166 Bathurst Street</a> (picture above) recently sold for $565,000, close to the median dwelling price.
It previously changed hands for $440,000 in 2012, CoreLogic shows.
A three-bedroom apartment at <a href="https://www.realestate.com.au/property/unit-13-38-patrick-st-hobart-tas-7000?pid=p4ep-pdp%7Csold-pdp:property-history-cta#history" target="_blank">13/38 Patrick Street</a> sold in February 2017 for $580,000. It previously sold for $342,000 in 2003.
<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/2017/12/1/HobartInner.jpg" alt="">
Investor purchasing increased in Tasmania in recent times, and according to the valuation firm, Herron Todd White (HTW) currently represents a 20% to 25% quota of residential property transactions.
Interstate investor activity has also increased, it noted.
"With Tasmanian investors achieving average gross yields of 5.2% and Hobart out performing all other capital cities it seems the returns on offer in Tasmania are capturing more investor attention," a recent report by HTW advised.
Some property market commentators are predicting that 2017 saw Tasmania turn over its highest volume of residential property sales in more than 10 years if property sales continued at the same pace as they have in the first half of this year.
The north has experienced the greatest percentage increase in residential sales volumes when compared to the same period last year.
"This may be as a result of reported stock shortages and capital growth in the south with buyers looking further a field for investment opportunities," HTW's report noted.
The upgrader or second home buyer price bracket is where buyers are most active within Hobart’s residential property market.
Glenorchy and Claremont are experiencing the greatest amount of entry level sales activity. Both suburbs are north-west of Hobart approximately 10 and 15 kilometres respectively north-west of the city centre.
It noted the Museum of Old and New Art (MONA), a popular tourist destination sits within a three kilometre radius of both Glenorchy and Claremont.
Examples of recent sales in Glenorchy include an older style, two bedroom, one bathroom unit in original condition which sold for $225,000 and an older style, dated, three bedroom, one bathroom home with single garage that backs onto Hobart’s show grounds that was purchased for $297,500.
In addition, a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-glenorchy-126658902" target="_blank">46 Tolosa Street, Glenorchy</a> sold for $333,000.
Another three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-claremont-126929134" target="_blank">1-15 Malabar Road, Claremont</a> sold for $317,500.
<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/2017/11/22/Claremont.jpg" alt=""> 
Sandy Bay, Kingston and Howrah are areas where upgraders or second home buyers are focusing their attention.
Sandy Bay is popular due to its position immediately south of the city with the Derwent River forming its southern border.
Contained within the suburb are the University of Tasmania campus, casino, private and public schools, local shops and recreational facilities. Recent sales within this price bracket in Sandy Bay include an older style, first floor, renovated, waterfront two bedroom, one bathroom unit with uninterrupted water views and single carport which recently sold for $850,000 and a renovated, four bedroom, two bathroom, period terrace that transacted for $985,000.
Within Hobart’s prestige market a modern Sandy Bay home offering five bedrooms, five bathrooms, indoor pool and double garage with views of the Derwent River recently sold for $3 million.
Similar levels of activity are occurring in the first home buyer and upgrader price brackets of the northern residential market, it noted.
The greatest activity occurring in Launceston’s more affordable suburbs is taking place in Newnham, Invermay and South Launceston.
Newnham is located approximately ve kilometres on the northern outskirts of Launceston and is predominantly residential with the University of Tasmania and The Australian Maritime College located nearby.
Properties that have recently sold in Newnham include a modern, two bedroom, one bathroom unit with one off street carpark which sold for $255,000 and an older style, renovated, five bedroom, two bathroom home with double garage that sold for $270,000.
Within the upgrader residential market segment Riverside, Newstead and Legana are proving to be the most popular with purchasers, HTW said.
Riverside is located along the western side of the Tamar River and is well contained with a shopping centre, public and private schools and sporting facilities. It is approximately a six kilometre commute to the city centre. A modern, four bedroom, three bathroom home with double garage and river views was recently sold in Riverside for $610,000 and a modern, three bedroom, two bathroom unit with river views and double garage sold for $360,000.
A recent notable sale in Launceston was for $1.4 million for a modern, four bedroom, three bathroom home located at Launceston’s Seaport overlooking the Tamar River. 
Sandy Bay ranked among the most expensive localities to purchase a house in Hobart, according to Investor last January.
The property investment firm says that the median price of a house in Sandy Bay stood at $850,000.
This was followed by West Hobart at $675,000 and Tranmere at $597,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Bedrooms
</td>
<td valign="top" width="106">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Sandy Bay
</td>
<td valign="top" width="106">
7005
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
$850,000
</td>
</tr>
<tr>
<td valign="top" width="106">
West Hobart
</td>
<td valign="top" width="106">
7000
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
$675,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Tranmere
</td>
<td valign="top" width="106">
7018
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$650,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Blackmans Bay
</td>
<td valign="top" width="106">
7052
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
$535,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mount Nelson
</td>
<td valign="top" width="106">
7007
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$499,000
</td>
</tr>
</tbody></table>
A four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-tas-sandy+bay-123799882" target="_blank">26 Broadwaters Parade</a> (below) was sold for $870,000 in late 2016.
<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/2017/01/11/26%20Broadwaters%20Parade.jpg" alt="">
HTW nominated several hotspots in early 2017.
It advised the suburbs worth watching are Moonah, Glenorchy and Berriedale which are all suburbs within a 15 kilometre drive of the Hobart CBD, according to HTW’s February 2017 update. 
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jonathanchancellor-7SQnKwU6yx

Inner Hobart property prices the strongest across Tasmania over 10 years: CoreLogic

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A home overlooking The Bay of Fires in Tasmania has been listed for sale.
Architect designed with a nautical-inspired layout, the beach house on offers ocean views from its deck.
<a href="https://www.realestate.com.au/property-house-tas-the+gardens-127018046" target="_blank">The home</a> is set in The Gardens on an 800 sqm beachfront reserve.
<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/2017/12/20/bay2.jpg" alt="">
It has a loft style bedroom, open plan lounge and dining zone and lower deck with storage for kayaks and boats.
Kerri's Coastal Realty St Helens agent Kerri Kennewell has a price guide of $1.75 million.
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Tasmanian trophy home overlooking The Bay of Fires listed at $1.75 million

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The Lake House at Cressy in Tasmania, one of Australia's most iconic Georgian farming homes, has been listed through Institu Property agent Kristi Seymour.
The historic home comes with an advertised $15 million price tag
It was initially listed by Virgin Australia co-founder Rob Sherrard late last year.
The colonial property on 490 hectares in Cressy, 35 kilometres south-west of Launceston, was built in 1830 by London shipowner Robert Corney.
Inspired by British architect Sir John Soane, the stately three storey residence overlooking the Macquarie River has eight bedrooms, eight bathrooms and a number of appointed reception rooms of Georgian proportions.
Some $500,000 plus was conservatively expected to be needed to renovate the home when Sherrard bought it for $4,805,000 in 2004 after 50 years ownership by the Wall family.
Two renovated farm houses, stables, coach house and gardner's cottage make up the gardens that are well suited for cropping and fattening land. 
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The Lake House in Tasmania re-listed with $15 million hopes

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The historic Woodbridge Boutique Hotel in New Norfolk, Tasmania, has been listed for sale.
The property with Derwent River frontage, some 35 kilometres north west of Hobart, was built in the early 1820s, a significant early Colonial building.
Unique Estates agent Dominic Romeo is marketing the property which was originally a private residence. There was an award winning restoration in 2005.
The hotel itself is an award winner and is a member of Small Luxury Hotel of the World.
Spanning 1000 sqm, <a href="https://www.realestate.com.au/property-other-tas-new+norfolk-127073282" target="_blank">Woodbridge Boutique Hotel</a> is Tasmania's only AAA Accredited 5 star hotel.
<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/2017/11/28/Tassie2.jpg" alt="">
A charming entry hall leads to a number of reception rooms, formal and informal sitting rooms, a reading room and dining areas.
There are nine bedrooms all with their own ensuite and views over the river and mountains.
They have architectural features associated with the elegance of the Georgian era, from multi-paned windows and cedar fire surrounds to open wood fireplaces and doric columns.
An established garden is overlooked by a number of alfresco dining and seating areas.
A three storey pavilion sits in the grounds and is popular for weddings and private functions, holding up to 40 guests.
It features a bar, a manager's quarters, an office, commercial kitchen and meeting room.
On the parcel is a three room cottage and a multi-purpose building with sauna and spa.
 
 
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Tasmania's Woodbridge Boutique Hotel for sale

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The pavilion-style Courtyard House overlooking Tamar Valley in Dilston, near Launceston, has sold.
The <a href="https://www.realestate.com.au/sold/property-house-tas-dilston-126351918" target="_blank">single level home</a>, completed in 2008, is wrapped around the solar heated swimming pool and spa has five bedrooms and three bathrooms.
<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/2017/11/1/Peddie2.jpg" alt="">
It was designed in three pavilions by architects Dean Baird and Peter Walker of Hobart's Circa Morris-Nunn Walker, the same architects who designed the luxury Saffire Resort at Coles Bay.
<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/2017/11/1/Peddie3.jpg" alt="">
The former Melbourne owners, who bought the vacant 1.5 hectare parcel for $225,000 in 2005 looking to a tree-change, wanted a contemporary country house.
A synthetic grass tennis court and studio sit on the parcel.
Insitu Property agent Kristi Seymour is asking $2.1 million.
 
 
 
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Courtyard House, Dilston home sold

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A shopping centre in the riverside city of Launceston in Tasmania has been sold through Savills for $38.55 million.
The off-market transaction for <a href="https://www.linkedin.com/company/2588298/" target="_blank">Mowbray Marketplace &amp; Target Centre</a> adds to Savills’ recent track record of more than $128 million worth of Tasmanian retail investment deals. 
The sub-regional shopping centre is anchored by Woolworths and Target, in addition to 16 other shops.
It has a total lettable area of more than 12,000 sqm.
The selling agent was Pat De Maria.
 
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Tasmanian shopping centre fetches $38.55 million: Savills

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Much has been written on Hobart’s market, now one of the strongest among the capital cities - but there’s more to the Tasmanian real estate up-cycle than the capital city.
Launceston also has a strong market and is now one of the leading markets in regional Australia.
Several Launceston suburbs have recorded double-digit median price growth in the past 12 months.
Launceston (the suburb within the city of the same name) recorded 16% growth in its median house price, Newstead rose 17%, Mayfield 11%, Mowbray 9% and Prospect Vale 8%.
There were some spectacular growth numbers in the city’s unit market as well, but median price data for units can be distorted and misleading. The median unit price for East Launceston is up 28%, but it’s unlikely values have risen to that degree.
The figures suggest the stock shortage seen in Hobart is also evident in Launceston. In January there were 1,900 listings for the Launceston area on realestate.com.au, but a recent check shows just 1,350 homes for sale.
Launceston prices have risen on the back of increases in sales activity, as revealed by the Spring survey for The Price Predictor Index by Hotspotting.
Launceston has eight suburbs with growth markets, while the nearby West Tamar LGA has three.
Affordable Invermay (median house price $230,000) is an example of the rising activity in this region. Its sales levels have grown from 19 to 22 to 24 to 29 to 34 to 37 in the past six quarters.
Launceston is a substantial regional city with a population around 80,000 and one with many historical features.
It’s the commercial hub for northern Tasmania’s agricultural and pastoral activities which, in recent years, have evolved from the growing of apples to viticulture.
Wool is also an important industry while $130 million has been spent on the Meander Dam and irrigation infrastructure to support the agricultural sector, according to the Meander Valley Council.
But agriculture and history are not the only parts of Launceston’s character - it has a diverse range of industries, including manufacturing, minerals and resources, commercial shipping, tourism and educational facilities.
Pharmaceuticals manufacturing earns the region about $130 million each year. Tasmanian Alkaloids, located near Westbury, is the largest exporter of thebaine and oripavine (both opiates from which codeine and morphine are derived) used in the world.
The company employs 200 local people including scientists and engineers, while about 500 Tasmanian farmers are contracted to produce 50% of the world’s licit opiate supply.
With the signing in April of the Launceston City Deal by the Federal Government, State Government and City of Launceston, the city’s future prospects have strengthened.
The five-year plan will ensure investment in serious infrastructure, the headline act being the $260 million redevelopment and relocation of University of Tasmania’s main Launceston campus to Inveresk.
The new campus is projected to increase economic output in the local community by $360 million a year over 10 years, with an estimated direct and indirect economic impact of $965 million during the construction phase.
It is projected to create 2,760 jobs, including 430 jobs during construction. It will provide the capacity to grow student participation by 10,000 students by 2030, including 1,500 international students, and will eventually house 16,000 students, researchers and staff.
Against that backdrop, interest in Launceston real estate from interstate investors is rising – and with it, house prices.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="mailto:%20%3Cscript%20type='text/javascript'%3E%20%3C!--%20var%20prefix%20=%20'ma'%20+%20'il'%20+%20'to';%20var%20path%20=%20'hr'%20+%20'ef'%20+%20'=';%20var%20addy38821%20=%20'ryder'%20+%20'@';%20addy38821%20=%20addy38821%20+%20'hotspotting'%20+%20'.'%20+%20'com'%20+%20'.'%20+%20'au';%20document.write('%3Ca%20'%20+%20path%20+%20'/''%20+%20prefix%20+%20':'%20+%20addy38821%20+%20'/'%3E');%20document.write(addy38821);%20document.write('%3C//a%3E');%20//--%3E/n%20%3C/script%3E%3Cscript%20type='text/javascript'" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
 
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