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Cave Constructions and Clever Design won the HIA 2013 Australian custom built home of the year.
<img alt="hiacustommay10one" src="/images/stories/2013/05/hiacustommay10one.jpg" width="470" height="267">
<img alt="hiacustommay10two" src="/images/stories/2013/05/hiacustommay10two.jpg" width="470" height="462">
What the judges said:
Careful design and execution are commended in this unique home. A design priority was to maximise views, which has been achieved with beautiful outlooks from every room. Judges noted that workmanship was precise and included complicated detailing.
2013 Australian custom built home of the year finalists:
Creative Building Services and Archertec Interiors, ACT &amp; Southern New South Wales
Hammerhead Building Projects, Gold Coast / Northern Rivers
Yarrum Designer Homes, Hunter
A&amp;V Moras Constructions Pty Ltd, New South Wales
Ash Moseley Homes, North Queensland
BOA Homes Pty Ltd, Northern Territory
Yates Builders, Queensland
South Coast Constructions Pty Ltd, South Australia
R &amp; R Quality Homes, Victoria
Giorgi Exclusive Homes, Western Australia
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Cave Constructions and Clever Design win HIA 2013 Australian custom built home of the year

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<a href="https://www.rba.gov.au/media-releases/2013/mr-13-10" target="_blank">The RBA governor Glenn Stevens released a statement regarding the bank's decision on the cash rate today</a>:
<h3 id="mr-title">Statement by Glenn Stevens, Governor: Monetary Policy Decision</h3>
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013.
The global economy is likely to record growth a little below trend this year, before picking up next year. Among the major regions, the United States continues on a path of moderate expansion and China's growth is running at a more sustainable, but still robust, pace. Japan has announced significant new policy initiatives aimed at strengthening demand and ending deflation. The euro area remains in recession. Commodity prices have moderated a little in recent months though they remain high by historical standards.
Financial conditions internationally continue to be very accommodative, with risk spreads reduced, funding conditions for most financial institutions improved and borrowing costs for well-rated corporates and sovereigns exceptionally low.
Growth in Australia was close to trend in 2012 overall, but was a bit below trend in the second half of the year, and this appears to have continued into 2013. Employment has continued to grow but more slowly than the labour force, so that the rate of unemployment has increased a little, though it remains relatively low.
With the peak in the level of resources sector investment likely to occur this year, there is scope for other areas of demand to grow more strongly over the next couple of years. There has been a strengthening in consumption and a modest firming in dwelling investment, and prospects are for some increase in business investment outside the resources sector over the next year. Exports of raw materials are increasing as increased capacity comes on stream. These developments, some of which have been assisted by the reductions in interest rates that began 18 months ago, will all be helpful in sustaining growth.
Recent data on prices confirm that inflation is consistent with the target and, if anything, a little lower than expected. The CPI rose by 2½ per cent over the past year, and measures of underlying inflation gave a broadly similar outcome. These results have been pushed up a little by the impact of the carbon price. Growth of labour costs has moderated slightly over recent quarters while productivity growth appears to be improving. This should help to lessen increases in prices for non-tradables. The Bank's forecast remains that inflation over the next one to two years will be consistent with the target.
Over recent meetings, the Board has noted that interest rates have already been reduced substantially, with borrowing rates approaching previous lows, and that the effects of this on the economy are continuing to emerge. Savers have been changing their portfolios towards assets with higher expected returns, asset values have risen and some interest-sensitive areas of spending have increased.
The exchange rate, on the other hand, has been little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time. Moreover, the demand for credit remains, at this point, relatively subdued.
The Board has previously noted that the inflation outlook would afford scope to ease further, should that be necessary to support demand. At today's meeting the Board decided to use some of that scope. It judged that a further decline in the cash rate was appropriate to encourage sustainable growth in the economy, consistent with achieving the inflation target.
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Modest firming in dwelling investment: RBA governor's statement on May cash rate decision

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of May 4. <a style="font-size: 14px;" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Brisbane auction results for May 4 weekend

<html><body>Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of May 4. <a style="font-size: 14px;" target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Adelaide auction results for May 4 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 231 auctions in Melbourne for the weekend of  May 4. <a style="font-size: 14px;" rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Melbourne auction results for May 4 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 244 auctions in Sydney for the weekend of May 4. The clearance rate was 78.1%. <a style="font-size: 14px;" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney's 244 auction results show a 78.1% clearance rate

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Rental yields for houses in Australian capital cities range from 3.6% to 6.0%, according to the latest information from RP Data.
<img alt="melbournemay2" src="/images/stories/2013/05/melbournemay2.jpg" width="400" height="155">
The median gross rental yield landlords are securing for houses in Melbourne, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="sydneymay2" src="/images/stories/2013/05/sydneymay2.jpg" width="400" height="183">
The median gross rental yield landlords are securing for houses in Sydney, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img style="font-size: 14px;" alt="sydneymay2" src="/images/stories/2013/05/sydneymay2.jpg" width="400" height="183">
The median gross rental yield landlords are securing for houses in Adelaide, according to <a style="font-size: 14px;" href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="perthmay2" src="/images/stories/2013/05/perthmay2.jpg" width="400" height="153">
The median gross rental yield landlords are securing for houses in Perth, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="canberramay2" src="/images/stories/2013/05/canberramay2.jpg" width="400" height="149">
The median gross rental yield landlords are securing for houses in Canberra, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="brisbanemay2" src="/images/stories/2013/05/brisbanemay2.jpg" width="400" height="159">
The median gross rental yield landlords are securing for houses in Brisbane, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="hobartmay2" src="/images/stories/2013/05/hobartmay2.jpg" width="400" height="155">
The median gross rental yield landlords are securing for houses in Hobart, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
<img alt="darwinmay2" src="/images/stories/2013/05/darwinmay2.jpg" width="400" height="138">
The median gross rental yield landlords are securing for houses in Darwin, according to <a href="https://www.myrp.com.au/" rel="nofollow" target="_blank">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.2% for the month ending April 30, 2013.
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What house rental yields investors can expect: RP Data capital city guide

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The judging panel for the Crown Sydney Hotel Resort will soon go into deliberation, having released the architectural designs submitted after a design competition for the as-yet unapproved proposed project at Barangaroo South.
Internationally acclaimed architects Adrian Smith and Gordon Gill, Kohn Pedersen Fox and Wilkinson Eyre Architects submitted their designs to be reviewed by the judging panel.
Property Observer is seeking your preferred choice.
<h1 style="font-size: 14px;">Entry below by Adrian Smith and Gordon Gill Architecture (AS+GG):</h1>
 
{yoogallery src=[images/stories/2013/05/may3barangaroofour]}
{yoogallery src=[images/stories/2013/05/may3barangaroofive]}
 
Entry below by Kohn Pedersen Fox Associates (KPF):
{yoogallery src=[images/stories/2013/05/may3barangaroosix]}
<img alt="barangaroosevenmay3" src="/images/stories/2013/05/barangaroosevenmay3.jpg" width="470" height="788">
 
Entry below by Wilkinson Eyre Architects (WEA):
{yoogallery src=[images/stories/2013/05/may3barangarooeight]}
<img alt="barangarooninemay3" src="/images/stories/2013/05/barangarooninemay3.jpg" width="470" height="702">
<img alt="barangarootenmay3" src="/images/stories/2013/05/barangarootenmay3.jpg" width="470" height="702">
 
{module Which proposed Barangaroo hotel design do you prefer?}
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Barangaroo's Crown Sydney Hotel Resort design poll: Property Observer reader survey

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Melbourne buyers advocate Secret Agent has accepted its first Bitcoin payment and intends to accept future payments made with the digital currency.
Bitcoin is a decentralised, peer-to-peer electronic cash system that launched in 2008.
The payment was made by web entrepreneur Cosmo (pictured below) for services relating to a single-fronted terrace house in Carlton.
<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/stories/2013/05/secretagentmay3one.jpg" alt="secretagentmay3one" width="470" height="351">
Secret Agent managing director Paul Osborne said Bitcoin transactions could become much more common.
"We think it could take off," he said.
"Especially with people working in the space of web entrepreneurship. These people are often early adopter markets and they are often being paid for work in countries all over the world - so a Bitcoin currency works for them.
"The volatility of the currency, however, we are careful of."
Osborne said Secret Agent planned to keep small amounts of Bitcoin and would look for potential suppliers who might accept the currency as payment.
"For larger amounts, however, we will be converting back into Australian dollars.  The currency isn't stable enough to keep in large amounts."
Osborne said Secret Agent negotiated its fee for services to Cosmo based on two principles.
"We had a minium fee if we went through our research on the property, and a second fee if we negotiated the success of the property.
"After our advice and recommendation, the end price of the property was too high.
"Cosmo only had to pay our research and advice fee.  We agreed to a set fee of $1,300 for the first stage, this meant 10 Bitcoins were paid."
The exchange rate at the time of the payment was 1 Bitcoin = AU$130.
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Secret Agent jumps on the Bitcoin bandwagon

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The narrowest cap between the reported weekly sales of houses and units was Melbourne, at just $7000 difference, according to the latest RP Data release.
Melbourne had a $427,000 median house price and $420,000 for unit prices. The next closest gap was Brisbane. Darwin had the biggest gap between the housing options.
<img alt="rpdatamediansapril30onethumb" src="/images/stories/2013/04/rpdatamediansapril30onethumb.gif" width="470" height="276">
 
<img alt="rpdatamediansapril30twothumb" src="/images/stories/2013/04/rpdatamediansapril30twothumb.gif" width="470" height="205">
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Narrow gap in Melbourne amid capital city private treaty medians: RP Data

<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;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“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;

[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.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

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;

[smartcode_project:default project_id=149670 project_image_fid=360969]

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.

[smartcode_project_cta:default project_id=149670]

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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
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