Hunter Region

Iris Capital, headed by developer and rich lister Sam Arnaout, is gearing up to launch the third and fourth stages of their multi-award winning $1 billion East End Village project in Newcastle.

The first two stages of East End Village have sold out, with construction of the second stage approaching completion of what will become the city's biggest rejuvenation project.

Urban Activation will oversee the marketing and sales of the $450 million final stages of East End Village.

Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development.

[smartcode_project:default project_id=107744 project_image_fid=211151]

“Stage three and four represent the final release of East End Village and will feature the most luxurious penthouses yet,” George said.

“The open floorplans unfold onto a private balcony towards one of Newcastle’s many sights including the harbour foreshore, ocean horizon, or verdant hilltop grounds of Christ Church Cathedral."

On the wider development, George says&nbsp;East End Village has been one of the most significant urban renewal developments ever undertaken in Newcastle, delivering a step change for the city and leveraging off the massive infrastructure spending program that has revitalised the inner city in recent years.

[smartcode_project:default project_id=107744 project_image_fid=211152]

“East End Village is among the latest catalysts to the ongoing revitalisation of Hunter Street and the Newcastle CBD, and this is having a knock-on effect to the entire region," George says, adding that he believes&nbsp;the Hunter Valley is currently one of the hottest property markets in Australia."

Once complete, East End Village will create a vibrant urban precinct across four city blocks in Newcastle’s inner-city area.

Local downsizers and upsizers who want to live in the transformed CBD have shown the most interest in East End. George expects this trend to continue in the final two stages.

The development, set across five buildings incorporating original heritage architecture, will deliver a blend of residential, retail, entertainment and dining to the city’s heart.

[smartcode_project:default project_id=107744 project_image_fid=211155]

The completed first stage includes the historic Fabric House, Washington House, and Perkins &amp; King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.

With interiors designed by SJB, the apartments have been designed to transcend the typical standards of apartment living, while also embracing coastal views.&nbsp;&nbsp;

One-bedroom residences are priced from $750,000 whilst two-bedroom offerings are priced from $1,150,000 and three-bedrooms are priced from $2,750,000.

Following a design competition, the final stages of the project will be designed in collaboration between architects SJB, DBJ and Curious Practice, with the release set to include the most luxurious penthouses yet.&nbsp;

[smartcode_project_cta:default project_id=107744]

Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development

alisonwarters@gmail.com

Iris Capital kick off final stages of $1 billion East End Village, Newcastle development

Australian property developer Third.i continues to defy the property market downturn, exchanging on a string of record-breaking apartment sales across two projects in Newcastle and one in Coffs Harbour.&nbsp;

As the first project for Third.i in Coffs Harbour, Sable at the Jetty has been met with strong interest, with the penthouse selling for $2.35 million, recording a record for the region.&nbsp;

Over 80 per cent of the apartments have been sold since launch in October last year, with Third.i's Co-Founder Luke Berry saying the strength of the sales at Sable at the Jetty demonstrate that regional cities are seeing a consistent uptake of sales activity.&nbsp;

[smartcode_project:default project_id=135621 project_image_fid=210447]

"There is still growth in the market here, with property sales in the New South Wales north coast holding steady," Berry said.&nbsp;

“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way."

With only a handful of apartments remaining, the $35.5 million project is set to deliver a mix of one, two and three-bedroom residences, with construction due to commence in the coming months, with completion slated for mid-2024.&nbsp;

Located on the corner of Collingwood and Edgar Streets, Sable at the Jetty is within walking distance from the beach, local schools, cafes and shops, and also offers numerous transport links at your doorstep. Remaining apartments are priced from $650,000 to $1.6 million.

[smartcode_project:default project_id=109979 project_image_fid=187062]

Sable at the Jetty joins a growing list of Third.i’s record sales in New South Wales, following three record sales in Newcastle, with the sale of the penthouse at Dairy Farmers Towers going for $6.5 million and two back-to-back $3.5 million penthouse sales at the group's retirement living project, The Merewether Residences.&nbsp;

The extensive whole floor penthouse in Dairy Farmers Towers, located at 924 Hunter Street, Newcastle West sold to a local family who swooped in to secure their slice of the iconic project which pays homage to the site’s history as the original head office for Dairy Farmers Limited in Australia.

The buyer is a Hunter Valley legend, winemaker and businessman, who says the level of offering at Dairy Farmers was exactly what he and wife were looking for in an inner-city abode.

When asked about the status of setting a record with their purchase, the buyer said, “We love Newcastle and Novocastrians, and are excited to have an apartment there. We can’t wait to move into such an iconic property and participate in the fantastic social activities Newcastle can offer.”

The penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level.

[smartcode_project:default project_id=109979 project_image_fid=187069]

The four-bedroom, three-and-a-half-bathroom, four-car property features multiple living and dining rooms, a separate chef's kitchen, bar and adjoining wine cellar, library, and study.

All rooms will have three-metre high ceilings and floor to ceiling glazing, which will deliver 360-degree views of Newcastle all the way to the Broken Back Range in the Hunter Valley, a crucial feature for the buyers who previously lived under the Broken Back Range.

The project has also been met with a swarm of interest from downsizers and owner occupiers, with more than 70 per cent of the project sold since its launch in late 2022.

Third.i secure string of record-breaking apartment sales across New South Wales

Having initially focussed on Sydney’s fast growing south-west corridor, Iris Capital has more recently taken a leap up the coast, dipping into the prospers of the Newcastle region to deliver the masterplan set to transform the suburb.

Encompassing a 1.66-hectare site, from Perkins Street to Newcomen Street, the East End precinct has been delivered across four stages, with the entire project slated for completion by 2027.

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="40b73dc8-a390-483f-a087-fe8da0a92f4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_01_LR.jpeg?VersionId=bOkrUVJv2O_hufELwx1jA.2.jkdXP5A8" />

SJB Director, Adam Haddow said that since 2013, the group had been investigating the unique community of Newcastle, having worked on the original masterplan for East End as architect and collaborator for the stage one development.&nbsp;

“We are over the moon to have the opportunity to again collaborate with our peers – this time Sydney based Durbach Block Jaggers and Novocastrian's Curious Practice, to deliver the final stage of this once-in-a-lifetime project,” said Haddow.

In a bid to realise the City of Newcastle’s Harbour to Cathedral Park ambition, the site has been divided based on experience, expertise and scale.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="cd286c15-d89e-4872-ad31-d4e8bc95305d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_02_LR.jpeg?VersionId=Q4OkzsIts62U6XR9_.J8VO5Cs.h5Zrrq" />

“Our vision for the East End is rooted in a fine grain response that reimagines the retail offering and pedestrian activity of Hunter Street. The new public ‘market square’ has great potential to connect into Council land creating the link withNewcastle Christ Church Cathedral and the harbour – to become the centre of theEast End,” Haddow said.&nbsp;

“We truly hope that this new connection will enable Indigenous planting to thrive along the north-facing slope of East End, once again cradling the silhouette of the cathedral in a green skirt when seen from the harbour."

Iris Capital’s Chief Executive Officer spoke to the prominence of the site in Newcastle, saying it is a critically important and significant development for the city that will create a long desired public domain connecting the Harbour to the Cathedral.&nbsp;

“The winning SJB, DBJ, and Curious Practice design unquestionably delivered in its purpose to achieve design excellence and has maintained the Cathedral as the city’s prominent landmark structure with a family of beautiful buildings that follow the topography and mesh with the built form of the hill,” Arnaout said.&nbsp;

“The winning design also was considered as the best outcome to incorporate the numerous heritage elements and considerable level changes across the site,” he said.&nbsp;

Like stage one which has been embraced by the community, achieving a sold out status, the final stages of the project will similarly be instantly recognisable through the adaptation of designs that draw inspiration from existing Newcastle architecture and retention of key heritage buildings.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="e3ba6bf9-0ee8-46bc-8902-d20ac57da4d9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_06_LR.jpeg?VersionId=SwJffMJvI1PBhsisr6BbjfG4Tz5AecPV" />

“We will continue to work closely with the winning architect's impressive design during the development application phase and refine the scheme by incorporating recommendations made by the competition jury,” Arnaout added.&nbsp;

Stage three and four of East End sees three buildings establish the marketplace, each following an archetypal form.&nbsp;

The ‘block’ of the heritage Municipal building, the ‘tower’ behind it and the ‘stoa’ forming the western edge, with the architectural gestures designed to provide companions to the Cathedral.&nbsp;

The composition forms an Uffizilike public square which allows for both pause and transition, encouraging passage through and connection to the green space beyond the Cathedral and its garden.

“We love the city and people of Newcastle. With the support of Sam Arnout and Iris Capital, and in collaboration with Newcastle City Council, we’re confident that as a design team will be able to renew this part of the East End for the entire community to be proud of,” Haddow concluded.

[smartcode_project_cta:default project_id=29044]

Cited as one of the country’s first large-scale urban regeneration projects, East End is focused on delivering a blend of residential, retail, entertainment and dining to Newcastle, in a collaboration between three practices, SJB, Durbach Block Jaggers (DBJ) and Curious Practice, following the group’s design competition win. 



Iris Capital launch final stages in Newcastle East End apartment project

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Land values across the Hunter region have generally increased since 1 July 2018. 
The NSW Acting Deputy Valuer General, Paul Chudleigh, has recently published land values for the Hunter region.
The land values reflect the property market at 1 July 2019.
<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/2020/2/3/8_Hunter%20Region.jpg" alt="">
Hunter region local government areas include Cessnock, Dungog, Maitland, Muswellbrook, Singleton, and Upper Hunter.
<h2>General overview</h2>
The total land value for the Hunter region increased by 2.3 per cent between 1 July 2018 and 1 July 2019 from $23 billion to $23.6 billion.
The movement of residential land values across the region generally remained steady at one per cent. However, a slight increase (3.5 per cent) was experienced in the Upper Hunter local government area.
Overall, commercial land values in the region increased slightly by two per cent. Most land values remained steady, however Maitland local government area experienced an increase of 3.1 per cent attributed to increased demand for commercial services within Maitland’s local centers.
Industrial land values in the region increased moderately overall by 6.3 per cent. The strongest increases were experienced in Cessnock (9.9 per cent) and Maitland (9.7 per cent) where land values were impacted positively by the Hunter Expressway and improved access to Newcastle.
Rural land values experienced an overall increase of five per cent. The rural increases occurred despite ongoing drought conditions. Dungog local government area had the strongest overall increase at 7.6 per cent.
Mr Chudleigh said property sales are the most important factor considered by valuers when determining land values.
“It is important to note that land value is the value of the land only and does not include the value of a home or other structures.”
The 1 July land values have been prepared by private contract valuers with expertise in their local areas working on behalf of the Valuer General, to determine new land values across the region. Property NSW, part of the Department of Planning, Industry and Environment, has quality assured the land values for accuracy and consistency.
Mr Chudleigh said councils receive new land values for rating at least every three years. All councils have been issued with 1 July 2019 land values.
“Land values are one factor used by councils to calculate rates,” said Mr Chudleigh. “Changes in land value don’t always mean a change in council rates.
Each council develops a revenue policy to use when calculating rates to fund services for the community. Councils make their draft policy available for public comment.”
Landholders will receive a Notice of Valuation showing their land value before it is used by council for rating. This gives landholders time to consider their land value.
Revenue NSW will use the 1 July 19 land values to calculate land tax for the 2020 land tax year. Registered land tax clients will receive a land tax assessment from Revenue NSW from late January 2020.
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Hunter land values increased since July 2018

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A lifestyle property combining four titles adjoining the Watagan National Park in the Hunter Region has hit the market. 
The 334 acre property at <a href="https://www.realestate.com.au/property-lifestyle-nsw-quorrobolong-700066082" target="_blank">Quorrobolong</a> ranges from rolling green fields to Australian bush, abundant with rock orchids, elks and native Australian Grass Trees.
The property comes with multiple building sites with mountain views. 
There are two machinery sheds both with power. One comes with two bedroom, kitchen and living area and bathroom to service Love Shack, an air conditioned, insulated building. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/4/quorrobolong%202.jpg" alt="">
Another shed consists of ensuite, second bathroom and covered entertainment area overlooking the dam. 
Other features include floodlit entertainment area, waterfall fountain, operational waterside, children's playground with tepee cubby house and gardens. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/4/quorrobolong%203.jpg" alt="">
Just a short drive to the Pokolbin/Lovedale and Mount View, the property is located 30 minutes to Toronto and Cooranbong, 1 hour from Newcastle and 2 hours from Sydney’s CBD. 
Shelly Jurd of Jurd's Real Estate Cessnock has the listing. 
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Hunter Valley lifestyle retreat adjoining national park listed

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Bylong Park, a proven brood mare farm located in the Upper Hunter Region of New South Wales, has hit the market.
The farm has produced the likes of Magic Millions winner Driefontein and Hong Kong Derby winner Mosheen.
Located in the heart of the breeding industry, the 135 ha property at <a href="https://www.realestate.com.au/property-livestock-nsw-denman-700051426" target="_blank">1949 Martindale Road, Denman</a> features well-presented improvements and horse facilitates. 
The improvements include 16 box Stable Barn, vet shed and 10 day yards, Ezywalker horse walker, round yard, all steel machinery and hay sheds.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/denman%202.jpg" alt="">
The owner's residence comprises three bedrooms, family/dining area, kitchen, front verandah and double garage. 
There is an older-style manager's and staff cottage including three bedrooms, sitting room, office and kitchen. 
The property has been subdivided into 16 larger paddocks.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/denman%203.jpg" alt="">
Bylong Park is located 15 minutes from Denman, 35 minutes from Coolmore and 3.5 hours from Sydney. 
David Nolan of Webster Nolan Real Estate Surry Hills and Peter Townsend of Landmark Townsend have the listing. 
The property has been scheduled for auction on October 29. 
 
 
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Bylong Park, Upper Hunter brood mare farm listed 

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Baerami House Farm, a historic property in the Upper Hunter region of New South Wales, has been offered for sale via online auction. 
It is expected to sell in a range of $3.75 million to $4.25 million.
Surrounded by the Wollemi National Park, the Georgian-style sandstone homestead at <a href="https://www.realestate.com.au/property-livestock-nsw-baerami+creek-700055758" target="_blank">300 Baerami Creek Road, Baerami Creek</a> is described as a home among the gum trees.
Originally a property of some 20,000 acres, today the north-east facing homestead sits on 797 acres with an additional 158 acres of adjoining Crown Land.
The property was taken up in the 1830s by Emmanuel Hungerford – later gifted to his son in 1852, Australian pastoralist, politician and at one stage reputedly the country’s largest landholder, Thomas Hungerford.
Other past owners include the Martindale White Bros., the MacFarlane family, and more recently barrister Douglas Staff QC.
The current owners having held the property for the past 17 years.
The two storey homestead was constructed in 1875 from locally quarried sandstone and is described as the ‘jewel in the crown’.
It comprises four bedrooms, large formal sitting/library, dining, eight open fireplaces and renovated kitchen.
Additional guest accomodation include the attached studio accommodation/office and adjoining self-contained three bedroom weatherboard cottage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/baerami%20creek%204.jpg" alt="">
Baerami House is currently operating as a commercial Angus beef cattle breeding and fattening farm. 
The improvements include large shed/workshop, four stable horse complex and steel cattle yards. 
The property is located 30 kilometres from Denman, 125 kilometres from Mudgee and 160 kilometres from Newcastle.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/baerami%20creek%203.jpg" alt="">
It has been scheduled for online auction on November 12. 
Chris Meares and Sam Johnson of Meares &amp; Associates Edgecliff have the listing. 
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Baerami House Farm in the Upper Hunter region listed for sale via online auction

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The Hunter, followed by Geelong are the hottest auction markets as the spring selling season comes to a close.
The Gold Coast and Blacktown are the weakest regions when it comes to auctions held on the November 25 weekend.
<img src="https://www.urban.com.au/images/2017/11/27/CoreLogic%20Table%20Data.png" alt="" width="412" height="611">
One of the houses sold at the weekend auction was a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-merewether-126920430" target="_blank">6 Dent Street, Merewether</a> (picture above) that was sold under the hammer for $1,450,000.
Overall, auction volumes increased week-on-week returning a preliminary clearance rate of 66.9 per cent.
There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.
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The Hunter and Geelong remain spring 2017 auction powerhouses: CoreLogic 

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The Hunter region had scored the highest regional weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that 90 percent of the 20 auctions in the region were cleared.
This was followed by Wollongong with 75 percent and Geelong with 71.9 percent.
<a href="https://www.propertyobserver.com.au/images/2017/08/15/Screen%20Shot%202017-08-15%20at%2010.50.21%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/15/Screen%20Shot%202017-08-15%20at%2010.50.21%20am.jpg" alt="">
Gold Coast had the lowest clearance rate with only 30% of its auctions cleared.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-raymond+terrace-122661038" target="_blank">1 Dean Avenue</a>, Raymond Terrace (above) was sold for $315,000.
Built in 1970 it last sold for $262,000 in 2015.
Another three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-hamilton-125935562" target="_blank">169 Beaumont Street</a>, Hamilton (below) was sold for $925,000.
It last sold in 2003 for $450,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/15/169%20Beaumont%20Street.jpg" alt="">
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Hunter region scores weekend auction clearance rate of 90 percent: CoreLogic

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The Hunter region had the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that the Hunter region had an auction clearance rate of 77.8% out of its 35 auctions.
This is followed by Wollongong with 77.3% and Geelong with 69%.
<a href="https://www.propertyobserver.com.au/images/2017/06/05/Screen%20Shot%202017-06-05%20at%2010.54.52%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/05/Screen%20Shot%202017-06-05%20at%2010.54.52%20am.jpg" alt="">
Gold Coast had the lowest auction clearance rate with only 32.4% of its 56 auctions successfully cleared.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-merewether-125356950" target="_blank">7/2 Scenic Drive</a>, Merewether (above) was sold for $740,000.
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