<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]

Joel Robinson

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

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

Townhouse Market

<html><body>
The Melbourne developer Buxton Projects has secured a permit to go ahead with a new townhouse development in Melbourne's bayside Brighton.

They were supported by Bayside City Council at a VCAT hearing to be allowed to create the nine bedroom townhouse project on an amalgamated 1,463 sqm site.

In 2019 the team spent $4.6 million on an amalgamated 1,463 sqm site at 444 St Kilda Street Brighton and 40a Head St, Brighton which they bought for $4.6 million in 2019.

The $7 million development, designed by NTF Architect in landscaped surrounds by Jack Merlo, will comprise nine three bedroom, two level townhouses, each with private basement car parking.

The Urbis town planning report suggested the development presents a unique opportunity to create a distinct gateway to the City of Bayside.

"The townhouses provide a high level of internal amenity which will create a high end finished product."

Key Design Features

· Environmentally responsive design;

· North facing townhouses with deeper floor plates for allow for spatially and energy efficient floor plates;

· East, West facing townhouses 08 &amp; 09, offer wide frontages and shallow depths to allow ample light and ventilation to internal spaces;

· Recessed courtyards and second living zones create an innovative response in providing multiple living options both internally and externally for evolving family lifestyles.

· Considered building response to existing and future context;

· Careful consideration of surrounding residential typologies, aesthetics, scale and materials;

· Strong emphasis on communal and broader context landscape opportunities;

· Small number of dwellings;

· Sensitive residential streetscape interface;

· Equitable access to light, views and ventilation;

· Diversity of dwelling scales;

· Upper form setbacks to residential interfaces;

· Integrated landscape response provides ample space for large canopy trees.

Buxton recently secured approval for a <a href="/expert-insights/building/a-new-22-million-apartment-development-is-coming-to-toorak-find-out-whos-behind-it">$22 million apartment development in Toorak</a>.
</body></html>

The $7 million development is designed by NTF Architect in landscaped surrounds by Jack Merlo


Find out which developer is behind Brighton's newest townhouse development

<html><body>
The Essendon townhouse of Brydon Coverdale, known as “The Shark” on Channel Seven’s quiz program The Chaser, has been listed for sale.
The quiz whiz and his wife Zoe used winnings from his appearance on Million Dollar Minute in 2014 to pay off the townhouse.
It was their first home when bought in 2011 for $560,000.
The Kendall Street home has three bedrooms, with city skyline views in the master.
Matthew Febey, at Nelson Alexander Essendon has listed it for June 13 auction with a guide of $730,000 to $780,000.
It has city skyline views in the main bedroom.
The home is in the zone for Strathmore Secondary College.
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The Chaser's Shark Brydon Coverdale lists Essendon townhouse

<html><body>
Investors and developers looking to capitalise on Sydney's residential boom are now turning to townhouses as the product of choice.
The trend has emerged amid the state government's push to develop the 'missing middle' of NSW's housing sector. 
According to CBRE Metropolitan Investment team manager Xavier Rahme, investor demand had shifted over the past nine months from apartment development sites to those that could accommodate townhouse projects.
“Sydney's housing sector is significantly undersupplied in the middle market, which is driving investors and developers to secure parcels that can capitalise on this untapped area of the market,” Rahme explained.
“The NSW Government's recently launched Missing Middle Design Competition highlights the emphasis on this important sector of the market – with a shift away from apartments to medium density development,” he said.
Rahme cited the recent slowdown in growth of the residential unit market as the reason developer interest has spiked in townhouse development opportunities.
“Interest remains strong in apartment sites in blue-chip locations within 10-15km of the Sydney CBD and close proximity to train stations,” he said.
CBRE has transacted more than $48 million across five recent property sales throughout metropolitan Sydney, highlighting the increased demand for developable townhouse stock.
In Lindfield, a 2,719 sqm property at <a href="https://www.realestate.com.au/project/the-grove-lindfield-600015534" target="_blank">18-20 Bent Street</a> sold for $13 million. The property, which was purchased by a foreign buyer, has development approval for 16 townhouses.
A 1,006 sqm property at <a href="https://www.realcommercial.com.au/property-land+development-nsw-burwood-501862494" target="_blank">66-70 Stanley Street</a> in Burwood with development approval for 10 townhouses recently sold for $6 million, while in Turramurra a site earmarked for 15 townhouses sold for $8.05 million.
Other recent transactions include an undisclosed sale of a 10,005 sqm parcel at <a href="https://www.realestate.com.au/property/21-new-north-rocks-rd-north-rocks-nsw-2151" target="_blank">221 North Rocks Road</a> in North Rocks. The property has development approval for 50 houses.
“These recent townhouse development site sales demonstrate the strength in demand from developers for this type of stock, which is driven by the vigorous demand for 'missing middle' housing across Sydney,” Rahme added.
“Market feedback has indicated that banks and financial institutions are more enticed to lend on lower risk assets including townhouse developments, where pre-sales rates are particularly buoyant.”
 
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CBRE says townhouse site sales lift as focus shifts to Sydney's middle market

<html><body>
Benalla is ranked as one of Victoria's slowest selling locations for townhouses, according to Investar’s latest market report.
The property investment firm states that an average two bedroom townhouse in Benalla can expect to be on the market for 458 days before being sold.
This is followed by Iverloch at 451 days and Shepparton at 403 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Benalla</td>
<td>3672</td>
<td>Townhouse</td>
<td>2</td>
<td>458</td>
</tr>
<tr>
<td>Iverloch</td>
<td>3996</td>
<td>Townhouse</td>
<td>3</td>
<td>451</td>
</tr>
<tr>
<td>Shepparton</td>
<td>3630</td>
<td>Townhouse</td>
<td>2</td>
<td>403</td>
</tr>
<tr>
<td>Sehpparton</td>
<td>3630</td>
<td>Townhouse</td>
<td>3</td>
<td>388</td>
</tr>
<tr>
<td>Bendigo</td>
<td>3550</td>
<td>Townhouse</td>
<td>3</td>
<td>384</td>
</tr>
</tbody></table>
This list was produced using live on the market sales listing data.
It is also calculated by distinguishing between both dwelling type and bedroom number level. It is designed to identify the slowest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
High average days on market indicates that the market is turning over stock slowly which may indicate that demand is weaker than supply creating a stronger negotiation point for buyers.
Townhouses for sale at Benalla at the median price of $202,000 include a two bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-benalla-123601882" target="_blank">2/39 Market St</a> (above) that is for sale for $205,000. It last traded for $160,000 in 2014.
Similarly, a two bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-benalla-123146674" target="_blank">9 Riverview Road</a> (below) is for sale for $220,000. It last traded for $205,000 in 2011.
<img src="/images/2016/10/07/9%20Riverview%20Road.jpg" alt="">
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Benalla is Victoria's slowest market for selling townhouses: Investar

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Alderly is ranked the Queensland location where it is the fastest to sell a townhouse, according to Investar’s latest market report.
The property investment firm states that an average townhouse at Alderly can expect to be on the market for 73 days before being sold.
This is followed by Bardon at 74 days and Rochedale South at 78 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Alderly</td>
<td>4051</td>
<td>Townhouse</td>
<td>3</td>
<td>73</td>
</tr>
<tr>
<td>Bardon</td>
<td>4065</td>
<td>Townhouse</td>
<td>3</td>
<td>74</td>
</tr>
<tr>
<td>Rochedale South</td>
<td>4123</td>
<td>Townhouse</td>
<td>3</td>
<td>78</td>
</tr>
<tr>
<td>Burleigh Waters</td>
<td>4220</td>
<td>Townhouse</td>
<td>2</td>
<td>81</td>
</tr>
<tr>
<td>Miami</td>
<td>4220</td>
<td>Townhouse</td>
<td>2</td>
<td>86</td>
</tr>
</tbody></table>
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the fastest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
Low average days on market indicates that the market is turning over stock quickly which may indicate that demand is stronger than supply.
Townhouse for sale at Alderly at around the median price of $539,000 include a three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-qld-alderley-123250186" target="_blank">3/55 Moran Street</a> (above) that is for sale for $525,000.
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Alderley townhouses taking 73 days on market before sale: Investar

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Woonona is ranked the NSW location with the fastest selling townhouses, according to Investar’s latest market report.
The property investment firm states that an average townhouse at Woonona can expect to be on the market for 37 days before being sold.
This is followed by Menai and Balgownie both at 46 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Woonona</td>
<td>2517</td>
<td>Townhouse</td>
<td>2</td>
<td>37</td>
</tr>
<tr>
<td>Menai</td>
<td>2234</td>
<td>Townhouse</td>
<td>3</td>
<td>46</td>
</tr>
<tr>
<td>Balgownie</td>
<td>2519</td>
<td>Townhouse</td>
<td>3</td>
<td>46</td>
</tr>
<tr>
<td>Warriewood</td>
<td>2102</td>
<td>Townhouse</td>
<td>3</td>
<td>52</td>
</tr>
<tr>
<td>Cherrybrook</td>
<td>2126</td>
<td>Townhouse</td>
<td>3</td>
<td>52</td>
</tr>
</tbody></table>
 
 
 
 
 
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the fastest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
Low average days on market indicates that the market is turning over stock quickly which may indicate that demand is stronger than supply.
Townhouses for sale at Woonona at the median price of $490,000 include a two bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-nsw-woonona-123583022" target="_blank">5/19 Nicholson Road</a> (above) that is for sale for between $495,000 to $545,000.
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Woonona takes NSW top spot for fastest time to sell a townhouse: Investar

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Thornbury is ranked the Victoria location with the fastest selling townhouses, according to Investar’s latest market report.
The property investment firm states that an average townhouse at Thornbury is on the market for 33 days before being sold.
This is followed by Brighton East at 48 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Thornbury</td>
<td>3071</td>
<td>Townhouse</td>
<td>3</td>
<td>33</td>
</tr>
<tr>
<td>Brighton</td>
<td>3187</td>
<td>Townhouse</td>
<td>3</td>
<td>48</td>
</tr>
</tbody></table>
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the fastest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
Low average days on market indicates that the market is turning over stock quickly which may indicate that demand is stronger than supply.
Townhouses sold at Thornbury at the median price of $762,000 include a three bedroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-thornbury-122501122" target="_blank">1/18A Strettle Street</a> (above) that was sold for $771,000.
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Thornbury takes top spot in Victoria for fastest time to sell a townhouse: Investar

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The townhouse market in Ballarat has seen significant upswing in supply over the past five years, according to Herron Todd White.
Herron Todd White's September Month in Review noted several developers have built multiple three bedroom townhouses with the demand met by investors - holding capital values steady.
The report said developers and agents are now reporting this demand is showing some signs of slowing and As such, the next 12 months will reveal if an over supply issue is a possibility.
"Off the plan purchases for villas and units have been steady in recent months with three developments of ten to 20 townhouses each in progress within Brown Hill, Ballarat East and Sebastopol," it said. 
"The villa market has shown approximately a 5% to 10% increase in value over the past five years in the sub prime locations.This increase has largely been driven by investors looking for positively geared properties with tax depreciation benefits. Given the increase in supply prices should begin to stabilise. 
"An opportunity would be to purchase an older, original 1- or 2-bedroom unit in the Wendouree area, undertake a simple renovation or update of the property and then lease it. This would result in a return to the investor of around 7%."
</div>
</div>
</div>
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