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Sydney and Perth home values have performed the best over the year, according to RP Data's new weekly index. Sydney and Perth home prices are up 3% compared with this time last year, but Melbourne and Adelaide values have both fallen 1.3%.
In addition to its long-running <a href="https://www.propertyobserver.com.au/residential/rp-data-rismark-march-1-daily-index/2012030153640?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=rpdata-rismarkdailyindex" target="_blank">daily home value index</a>, RP Data is now measuring the performance of homes in capital cities each week. Like the daily index, the weekly index is hedonic and is calculated across properties that have been advertised for sale over the past 28 days.
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Over the week, Melbourne was the best-performing capital, with home values up 0.5%, according to RP Data. The worst-performing capital was Perth, with a fall of 0.7% in home values.
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Sydney and Perth best-performing major capitals for the year: RP Data weekly index

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Australian property vendors have been raising their asking prices for the first two months of the year, a sure sign that property prices are also set to rise, according to SQM Research.
In announcing its new Weekly Vendor Sentiment Index, SQM Research notes that asking prices have risen an average of 0.4% for units and 1.5% for houses since the beginning of January.
“A rise in asking prices suggests home sellers are becoming more confident of market conditions and that buyers are bidding more aggressively for real estate that is been offered at fair market value,” says SQM director Louis Christopher.
SQM’s new vendor sentiment index points out that a rise in vendor price expectations correlates with a corresponding rise in property prices.
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SQM notes that thus far there has been a been 0.97% correlation between the vendor sentiment index and ABS property prices.
The sentiment index guages the sentiments of vendors of all houses, three-bedroom houses, all units and two-bedroom units. SQM plans to break down the data on a national, capital city, regional and postcode basis.
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Vendor sentiment index rising: SQM Research

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Hobart vendors are forced to offer the deepest discounts in order to secure sales, according to RP Data. Hobart houses are selling for an average of 11.9% less than the vendor's original price hopes, and units are selling for an average of 9.9% less.
These are significantly deeper discounts than the next most discounted capital, Brisbane, where house vendors offered discounts of 7.9% and unit vendors sold at 6% less than their original price hopes for the week ending February 24.
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The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price.
The statistics are calculated across results received by RP Data over the past week and include properties transacted over the past four weeks.
The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis. The analysis also excludes results where there are less than 10 observations.
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Hobart vendors discounting the most to secure sales: RP Data

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There were 1,076 sales in Perth this week, up 64% from 656 the same week last year, according to the Real Estate Institute of Western Australia. 
The most actively traded suburb was Perth CBD, with 26 sales.
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Perth sales up 64% on same week last year: REIWA

It seems Andrew Winter and his team may have done too thorough a renovation in Wollongong, as the owners decided just before auction to withdraw the property from sale and move back in.

<img alt="newdapto" height="353" src="/images/stories/2013/02/newdapto.jpg" width="470" />

&quot;They did too good a job,&quot; says listing agent Michele Lay of Ray White of the Selling Houses Australia team. &quot;If you see it on Selling Houses Australia you&#39;ll see how beautifully it came up.&quot;

The episode featuring the Wollongong house aired on Wednesday, and the auction was supposed to take place in September last year. The house was on the market for some months last year, says Lay.&nbsp;

The marketing had said &quot;With a realistic vendor and all the hard work done for you; this house MUST BE SOLD&quot;.

A short walk to the Wollongong CBD, the three-bedroom cottage last sold for $185,000 in 1999 and was on the market briefly in 2006, according to RP Data. The Selling Houses Australia team added new&nbsp;paint throughout, new blinds, new doors, new light fittings, new taps and a revamped kitchen and outdoor entertainment area. Lay says it could have attracted a rental of up to $460 per week. In 2009 it was listed for rent for $400 per week.

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Lay&nbsp;was marketing the property with price hopes of $399,000 plus.

The median house price in Wollongong fell 9.9% in&nbsp;the past year but rose 10.5% in the past five years, according to RP Data.

For more about prices and yields in&nbsp;<a href="/news">Wollongong, see the&nbsp;RP Data suburb page.</a>

For real-life property lessons from reality TV shows, download our free eBook&nbsp;<a href="http://propertyobserver.com.au/ebooks/free-ebook-lessons-from-the-block-and-other-property-reality-television-shows" target="_blank">Lights, Camera, Auction!</a>

Wollongong vendor decides to move back in after Andrew Winter's work is done

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There is a notable lack of Sydney properties in this week's SQM list of the most discounted properties in Australia.
Sydney may have escaped the recent downturn in the property market and is still showing strong demand, according to SQM director Louis Christopher. 
"If there are certain areas of Australia that never or rarely make it to our most discounted property list, there has obviously got to be a little more than pure luck of the draw when it comes to these things," says Christoper. 
"Yes, we note that of late there has been absolutely no properties from Sydney feature on the list. Beside this possibly being a no-brainer in some respects, as the demand in Sydney often assures that the majority of homes do not need to be discounted by massive amounts to make a sale (excluding the luxury end of the market), this potentially shows that the downturn in Sydney was not as severe or as pronounced in comparison to other Australian localities (once again excluding the luxury end of the market)," he says.
Sydney stock is also being absorbed faster than stock in other areas, according to Christopher, with the number of properties on the market falling 13.1% year-on-year.
There are three Queensland properties on the most discounted list, with the plurality (four) in Tasmania.
 
1
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-tangalooma-104624146">7 Cassidae Crescent, Tangalooma, Queensland, 4025</a> (pictured)
<a target="_blank" href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420"></a>Days on the market: 1,399 Initial asking price: $1,495,000 Current asking price: $875,000 Reduction: 41%
 
2
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway, Taranna, Tasmania, 7180</a>
Days on the market: 838 Initial asking price: $499,000 Current asking price: $299,000 Reduction: 40%
 
3
<a target="_blank" href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420">19 Lychee Drive, Caboolture, Queensland, 4510</a>
Days on the market: 979 Initial asking price: $949,000 Current asking price: $586,000 Reduction: 38%
 
4
<a href="https://www.realestate.com.au/property-apartment-wa-south+perth-110012197" target="_blank">6/152 Mill Point Road, South Perth, WA, 6151</a>
Days on the market: 308 Initial asking price: $2.5 million Current asking price: $1.55 million Reduction: 38%
 
5
<a href="https://www.domain.com.au/Property/For-Sale/Rural/QLD/Morayfield/?adid=2009282451" target="_blank">276 Forest Hills Drive, Morayfield, Queensland, 4506</a>
Days on market: 475 Initial asking price: $790,000 Current asking price: $499,000 Reduction: 37%
 
6
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretel, Two Rocks, WA, 6037</a>
Days on the market: 1,127 Initial asking price: $1.1 million Current asking price: $699,000 Reduction: 36%
 
7
<a href="https://www.realestate.com.au/property-house-tas-white+beach-106479093" target="_blank">588 White Beach Road, White Beach, Tasmania, 7184</a>
Days on the market: 979 Initial asking price: $780,000 Current asking price: $499,000 Reduction: 36%
 
8
<a href="https://www.domain.com.au/Property/For-Sale/House/TAS/Spring-Beach/?adid=2008672031" target="_blank">368 Rheban Road, Spring Beach, Tasmania, 7190</a>
Days on the market: 812 Initial asking price: $760,000 Current asking price: $500,000 Reduction: 34%
 
9
<a href="https://www.realestate.com.au/property-apartment-vic-docklands-109665546" target="_blank">1601/8 Marmion Place, Docklands, VIC, 3008</a>
Days on the market: 336 Initial asking price: $830,000 Current asking price: $550,000 Reduction: 34%
 
10
<a href="https://www.domain.com.au/Property/For-Sale/House/TAS/Dunalley/?adid=2008215774" target="_blank">87 Arthur Highway, Dunalley, Tasmania, 7177</a>
Days on market: 1,078 Initial asking price: $285,000 Current asking price: $190,000 Reduction: 33%
 
SQM Research also offers a list of the <a target="_blank" href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research">Top 100 Biggest Bargains in Australia </a>for sale.
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No NSW listings on most discounted list as Queensland home takes top spot: SQM Research

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More than half the property auctions scheduled for this week are in Queensland, with the vast majority to be held outside of Brisbane, especially on the Gold Coast.
Several Gold Coast estate agencies will hold mega auctions this week, with multiple properties going to auction in a single day. The trend began with Ray White and has expanded to other agencies. 
Ray White Surfers Paradise is preparing for its 20th annual summer auction, dubbed The Event – which is now spread over three days, January 27, 30 and 31.
As one of Australia’s largest auctions, The Event will bring more than 100 residential, prestige, industrial and commercial properties as well as land sites and even boats go to auction.
Professionals Broadbeach, Ray White Broadbeach and Professionals Paradise Point <a target="_blank" href="https://www.propertyobserver.com.au/queensland/gold-coast-auctions-seek-to-climb-out-of-its-five-year-chasm/2013011758834">all have auctions on January 24</a>, which would explain Queensland's mid-week auction boom. 
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Gold Coast has lion's share of auctions this week as Ray White and others hold mega auction

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Perth sales got off to a faster start in January 2013 than January 2012.
There were 848 residential property sales in Perth the week ending January 16, according to the Real Estate Institute of Western Australia.
This is 43% more than the same week last year, which recorded 592 sales.
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Perth sales activity up 43% on the same week last year: REIWA

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There was a marked decrease in the amount of time it took to sell property in Perth in December 2012 compared with December 2011, according to Australian Property Monitors.
Perth property took an average of 125 days to sell in December 2011, but in December 2012 that number had dropped to 104 days.
The APM report on the number of days on market indicator recorded an increase across 2012 in all other capitals except Canberra, where it remained steady at 78 days.
The biggest increase was in Brisbane, where the number of days on market increased 14%, from 120 days in December 2011 to 137 days in December 2012. 
In the December 2012 month Hobart's rate of sale quickened, but Brisbane fell back noticeably. In December 2012 Sydney's days on market stayed about the same, while in Melbourne it took an average of five days more to sell than in November 2012. 
The latest Darwin December 2012 figure dropped in an unusual way, suggesting it might not yet be considered a permanent realignment. 
 
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Property selling faster in Perth in December 2012 than December 2011

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The number of properties available for sale decreased in every capital city between December 2011 and December 2012, according to SQM Research.
"If this trend continues, it could be possible that the level of unsold homes around the country has reached its peak and may now begin to decline," says SQM Research director Louis Christopher. 
 
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The number of properties on the market in Adelaide in December 2012, according to SQM Research. This is down from 17,286 in December 2011, a decrease of 4.6%.
 
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The number of properties on the market in Brisbane in December 2012, according to SQM Research. This is down from 27,104 in December 2011, a decrease of 6%.
 
<hr>
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The number of properties on the market in Canberra in December 2012, according to SQM Research. This is down from 3,568 in December 2011, a decrease of 2.4%.
 
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The number of properties on the market in Darwin in December 2012, according to SQM Research. This is down from 1,486 in December 2011, a decrease of 26.9%.
 
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The number of properties on the market in Hobart in December 2012, according to SQM Research. This is down from 4,599 in December 2011, a decrease of 2.1%.
 
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The number of properties on the market in Melbourne in December 2012, according to SQM Research. This is down from 43,682 in December 2011, a decrease of 4.2%.
 
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The number of properties on the market in Perth in December 2012, according to SQM Research. This is down from 19,011 in December 2011, a decrease of 5.8%.
 
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The number of properties on the market in Sydney in December 2012, according to SQM Research. This is down from 32,376 in December 2011, a decrease of 22.9%.
 
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<img src="/images/stories/2013/01/341784.gif">
The number of properties on the market Australia-wide in December 2012, according to SQM Research. This is down from 360,101 in December 2011, a decrease of 5.1%.
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Still 341,784 would-be sellers, but has your capital city shed its property oversupply? A state-by-state SQM analysis

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

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Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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[smartcode_project_cta:default project_id=152737]

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Cassidy Knowlton

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