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Only five apartments remain in the second release of Mirvac’s $350 million luxury residential precinct, Park at Waterfront Newstead.
Park features 102 one-, two- and three-bedroom apartments across 16 levels.
Two two-bedroom apartments remain priced from $765,000 to $775,000 and three three-bedroom apartments remain priced from $1.22 million to $1.26 million.
Mirvac has secured more than $42 million in sales in the Park release since the start of the year.
"We have just come off the best financial year to date for Park with the increased level of urgency and momentum continuing into the first half of financial year 14,” says Mirvac chief executive officer residential John Carfi.
"Purchasing a property is a significant investment, so to know that a large number of our residents are confident to secure more than one apartment at Waterfront Newstead is probably the best endorsement we can be given.
"We also have a number of purchasers who have secured their apartment now, with the plan to move in down the track when they are ready to downsize from their current home.
"They recognise that there are some great buying opportunities in the current market and that a location like this, on the river and so close to the heart of the city, is rare and limited."
Carfi says the apartments have a current weekly appraisal of around $725 for a two-bedroom apartment and more than $1,000 for a three-bedroom apartment.
"There is strong demand for high quality apartments in prime locations in Brisbane and limited supply, particularly for properties that are already completed or that are part of an expanding mixed-use precinct like Newstead Riverpark," says Carfi.
Located two kilometres from the Brisbane CBD in the Newstead Riverpark community, the 10.6-hectare Waterfront Newstead site will feature six residential precincts once complete, accommodating over 1,000 residents.
Construction on the first release, Pier, began in 2009 with construction starting on the second release, Park, in 2010.
Mirvac <a href="https://www.propertyobserver.com.au/queensland/mirvac-secures-three-5-million-plus-penthouse-sales-at-pier/2013102865940" target="_blank">sold the remaining three penthouses in its Pier release</a> last month for over $5 million each.
Mirvac’s <a href="https://www.propertyobserver.com.au/news/mirvac-secures-%24234-million-in-sales-at-waterfront-newstead-including-%2414-million-penthouse-sale/2013091164964" target="_blank">Waterfront Newstead community</a> will take around 15 years to complete.
The residential community will be part of the larger scale Newstead Riverpark, which will feature FKP’s $1.1 billion Gasworks development.
<a href="mailto:ntrotman@propertyobserver.com.au" target="_blank">ntrotman@propertyobserver.com.au</a>
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Park at Waterfront Newstead sales running well 

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The first release of house and land packages at the Greenway in Sydney’s north west proved to be a success with 80% of packages snapped up over the weekend.
Legacy Property released 50 lots on November 23 with packages priced from $491,800 to $683,990.
Some 20% of buyers were first home purchasers, with lots ranging in size from 330 square metres to 586 square metres.
Chief executive officer of Legacy Property Matthew Hyder says Greenway received more than 1,500 expressions of interest leading up to the weekend’s sale launch.
“People see the benefits of living in a quality designed community with access to transport, roads, and employment opportunities in the future Sydney Business Park.
“We wanted to make it easy for home buyers at Greenway and that’s why we chose to offer blocks with designated home designs and builders. This meant the buyers save time and are able to exchange contracts before Christmas,” says Hyder.
Ten packages remain priced from $579,990 to $645,990 and remaining lots range in size from 330 square metres to 500 square metres.
Greenway is the first community in the Marsden Park precinct, located 40 kilometres from the Sydney CBD.
The precinct will comprise of around 1,800 hectares, with enough land for approximately 10,300 homes.
The Greenway community will include over 600 to 700 homes, a supermarket, specialty shops, playground, barbeque area and a dog park – all linked via bike paths.
Legacy Property will release 50 more house and land packages in early 2014.
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Strong buyer demand for Greenway's first house and land package release

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The Urban Development Institute of Australia says the recent Australian Bureau of Statistics population forecast has highlighted the critical need to improve the supply of land and new housing, as well as increase investment in new urban infrastructure.
The ABS projected the Australian population to double to 45 million by 2075.
“Our population is going to grow enormously over the coming decades, which will bring fantastic economic benefits for Australia and provide new opportunities for our society,” says UDIA national president Cameron Shephard.
“It is essential however that we manage that growth sustainably, by ensuring we are well prepared to provide the new homes, roads, schools, public transport and other community infrastructure that those additional people will need.
“Failure to do so is likely to worsen existing congestion and housing affordability problems, threatening both the quality of life in our cities, as well as Australia’s economic productivity,” says Shephard.
The UDIA is calling on both state and federal governments to work together to ensure there is better planning, greater land release and more investment in critical urban infrastructure to support the population growth.
“It is vital that the new federal government increases its focus on urban policy and Australia’s cities, and that the recent abolition of bodies such as the National Housing Supply Council does not negatively impact on this vital area of economic and social policy. The ABS figures clearly show that as a nation we need to be putting more resources into planning and managing the growth of our cities, not less.” “Australia already suffers from a chronic housing shortage of several hundred thousand dwellings.  Addressing the existing shortage as well as the additional demand caused by population growth is a major challenge for our policy makers,” says Shephard.
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Better planning critical for projected population growth: UDIA

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Melbourne’s population is forecast to surpass Sydney’s by 2053 and Melbourne could be Australia’s most populated city by as early at 2030, according to the population projections released by the Australia Bureau of Statistics yesterday.
The statistics confirm that Melbourne and Victoria will continue to accommodate strong population growth over the coming 50 years.
Melbourne’s population is forecast to reach 8.6 million by 2061 and Victoria is expected to grow from 5.6 million in 2012 to 10.3 million in 2061, an increase of 83%.
“The ABS has advised that Melbourne’s population will continue to grow strongly, which is why good, long term planning is so essential to maintaining good jobs growth and preserving the way we live,” says Planning Minister Matthew Guy.
“Plan Melbourne provides a clear course of action to protect our suburbs, as well as provide a clear pipeline of development in defined locations and a direction to once and for all create a State of Cities, not just a city-state.
“These policies position Melbourne and Victoria to allow for population growth and demographic change while at the same time protecting the liveability of Melbourne and Victoria's key regional centres.
“The ABS has included a number of alternative assumptions around fertility rates, net overseas migration and life expectancy. However, even if more conservative assumptions are used, Melbourne will still face significant population growth.
“If applied to Melbourne, the Series C projection (low growth) is still expected to realise a city of 7.6 million people by 2061,” says Guy.
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ABS forecasts Victoria's population to grow 83% by 2061

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A bundle of waterfront properties in Woodgate, including five existing beach houses and two adjoining development sites, have sold as a mortgagee sale for $1.915 million.
The five fully furnished beach houses were the remaining stock of stage one of the now completed Woodgate Beach House development, which features 26 beach house.
A mix of local and interstate investors purchased the beach houses and a Sunshine Coast-based developer purchased the development sites.
One of the sites is DA approved for nine villas and a shop café and the other development site has approval for a balance of 45 beach houses under the original DA for a total of 72 units.
Jason O’Meara and Derek Nissen of Savills secured the sales under appointment by Mortgagee.
“This was a significant land holding that provided a rare combination of a balance of completed stock, along with adjoining sites with approvals in place for future stages of development,” says O’Meara
“The appeal of these properties was the location and proximity to the beach and facilities. The existing dwellings provide an excellent platform for further expansion of the development,” Says Nissen.
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Remaining stock of Woodgate Beach House development sells at mortgagee sale

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Almost a third of apartments in the seven-level Ara on Sydney Park development in Erskineville have already sold, prior to the VIP pre release this weekend and the public launch next month.
The $20 million development with designs by Baker Kavanagh architects will comprise of 36 apartments starting from $540,000.
One-bedroom apartments have an internal area of 55 square metres, two bed-room apartments range in size from 80 square metres to 85 square metres and three-bedroom apartments have an internal area of 102 square metres.
Two-bedroom apartments start from $785,000 and three-bedroom apartments start from $925,000.
Apartments will feature natural stone and timber, European miele appliances and caestarstone benchtops.
“The opportunity to secure an apartment in a vibrant community with the CBD on your doorstep will be a huge drawing card for buyers,” says Peter Coulton of Savills Residential Projects.
Coulton says he expects the development to be a sell out at this weekend’s pre release.
“We expect most buyers to be locals with a good mix of owner occupiers and investors, Erskineville has an average rental return of 6% which is a good return for investors,” says Coulton.
The developers, Newtown Constructions, purchased the site at 241 to 245 Sydney Park Road in late 2011 for $4.25 million.
<a target="_blank" href="mailto:ntrotman@propertyobserver.com.au">ntrotman@propertyobserver.com.au</a>
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Ara on Sydney Park development already selling prior to weekend pre release

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Building contractors Zen Projects Group Pty Ltd, trading under Zen Homes, has gone into liquidation.
The business was placed under external administration on November 25.
Any consumers are asked to contact Fair Trading on 13 32 20 to find out about the impact of the liquidation on their circumstances.
Affected consumers may give their details to Fair Trading so they can be kept up-to-date regarding developments.
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Zen Homes goes into liquidation

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When choosing to buy an investment property in a highrise, there are sometimes hundreds or apartments to choose from, but what you floor you choose may have a stronger effect on your rental return than you think.
Typically, apartments higher up in a development are pricier as they offer more of a view, but it may be hard to have a rent that corresponds to the price you paid.
Research by Brisbane-based property analyst Think Matusik says levels three to eight sell more quickly and are generally held the longest.
Think Matusik says the best value for money in high rises is the level below the sewerage and water pipes – floors seven to eight – as the ceiling height is slightly higher.
Lower ground apartments are usually cheaper as they don’t have a view, but they may offer a courtyard.
It’s important to talk to the local council to see what development permits are on surrounding lots, as your investment property may dwindle in price as another development shoots up next door to overshadow you.
 
{module Which floor would you likely buy on for an investment property?}
<a target="_blank" href="mailto:ntrotman@propertyobserver.omc.au">ntrotman@propertyobserver.omc.au</a>
 
 
 
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Apartment levels giving you more bang for your buck, which floor would you choose?

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Mackay’s latest multi-stage residential development Somerset Park has started to release house and land packages from its second release into the market.
Stage one at the $100 million masterplanned estate by Trinity Property Consultants was a knockout, securing $29.3 million in total sales, with only one house and land package remaining.
“Based on the rapid uptake in stage one and the level of enquiries received, we can expect to see a quick take up of stage two properties,” says Total Property Group managing director and Somerset Park marketing manager Adrian Parsons.
“We have already recorded strong interest from prospective buyers and investors for stage two.
Stage one experienced a fast uptake for its 40 homes and 32 duplexes, which indicates the estate is in major demand and generates buyer interest particularly for its quality, location and value,” says Parsons.
Stage two will comprise of 21 new house and land packages and 12 duplex sites.
<img alt="mackay-nov-27-one" height="264" width="470" src="/images/stories/2013/11/27/mackay-nov-27-one.jpg">
Artist impression of Somerset Park, Mackay
The first release of stage two, known as 2a features 10 new house and land packages starting from $415,000 for three- and four-bedroom configurations.
The first release, 2A, will feature house and land packages with architecturally designed three, four and five bedroom homes.
“As there is only a limited number of home and duplex properties available for purchase in stage two, we anticipate the available blocks will be quickly snapped up by buyers as they are released to the market across several stages.
“Mackay is one of the fastest growing economies in Queensland, and as a result – there is persistent demand for new housing product.
“Over the past decade the regional centre of Mackay has boomed, experiencing consistent population and economic growth as a result of its strong mining, agricultural and tourism industry.
“There is also a limited supply of new residential housing in the area, which is positioning Somerset Park as a hotspot for future buyers.
“Investors are particularly attracted to the estate due to its strong rental yields and solid capital growth potential, while living in a new master planned community close to Mackay’s major amenities and CBD is a significant drawcard for owner occupiers and first home buyers.
“Stage one features an equal mix of home owners and investors, which is an ideal balance for the estate.
“With building of homes well underway in stage one and civil works completed for stage two, prospective buyers can now see the development take shape and as a community begins to form, we anticipate interest will only continue to grow across the next stages,” says Parsons.
Somerset Park is located six kilometres north of the Mackay CBD.
The median house price in <a href="/news">Mackay</a> in $399,000, a 15.7% change in the past five years, according to RP Data.
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$100 million Somerset Park Mackay estate releases second stage following near sellout

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Developer and construction giant Laing O’Rourke’s first major mix-used development in Australia - M&amp;A - welcomed its first guests last week.
Bordered by McLachlan, Ann and Connor Street in Fortitude Valley, the $250 million development comprises of a 21-level residential tower, 12-level commercial tower and a retail precinct.
The residential tower comprises of 234 apartments, with 181 already sold.
Remaining two-bedroom apartments are priced from $595,000 to $695,000.
A selection of apartments have been put aside to offer a mix of long and short stay accommodation, with the choice to stay from one to 60 nights.
Designed to appeal to both corporate and leisure travelers, a one-bedroom apartment starts from $200 a night and a two-bedroom apartments is priced from $240 a night.
The commercial tower, known as 825, has fully leased out the 17,000-square-metre space with architects PtD leasing the top two floors of boutique office space.
“With an end value in excess of $250 million, what sets M&amp;A apart from other mixed-use projects is its quality of design coupled with its prime location,” says M&amp;A development manager Mark Grant.
“Features also include a private recreational deck and pool for residents, extensive public artwork and an onsite concierge, and employees and residents have direct access to public transport networks, together with ready access to Brisbane Airport, the CBD and new toll road infrastructure projects,” says Grant.
The private rooftop recreation deck features a pool, gardens and barbeque areas.
M&amp;A will also boast a retail precinct with 13 tenancies, to be known as M&amp;A lane.
Only two tenancy leases remain, with 11 already snapped up.
On completion, the development will have nearly 2,000 residents, workers and visitors to the precinct.
<a href="mailto:ntrotman@propertyobserver.com.au" target="_blank">ntrotman@propertyobserver.com.au</a>
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Fortitude Valley's M&A development welcomes first guests

<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.

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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.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

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.

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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.

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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.

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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.

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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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Nicola Trotman

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