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Geoff Lucas has departed the McGrath agency which has seen a 30 percent increase in transaction volumes over the past year.
McGrath Limited advised that its chief executive officer, Geoff Lucas, had "chosen to resign" following the presentation of the FY2020 financial results.
It advised McGrath has secured to a financial 2020 net profit of $700,000, versus a net loss of $9.7 million in the prior year.
For the year revenue climbed 11 per cent to $91 million. No dividends were declared in financial 2020.
Chair Peter Lewis said the board had accepted Lucas’ resignation after "what has been a difficult two and a half years for the company.”
Edward Law has been appointed to the role after a 14-year career at ANZ, with his last position at the bank being Global Head of Institutional Property.
An expert in structured commercial real estate debt funding, Mr Law most recently has been an executive director of Newground Capital Partners and investment director of MaxCap Group.
It was February 2018 when the then fformer McGrath chief operating officer Geoff Lucas emerged to take the top job at real estate company.
He was previously at McGrath for a decade until just after the 2016 float after its former chief executive Cameron Judson left.
Lucas, who was overlooked for the chief executive role in 2016 in favour of Judson, then briefly joined artisan NSW bread maker and cafe group Sonoma as its chief operating officer. The agency has no debt and $17.3 million cash. It said it expects property prices to decline over coming months with government stimulus packages, mortgage deferrals, and record low interest rates cushioning the falls.
It also tipped continued softness in the rental market.
The group declined to provide specific financial guidance for financial 2021.
McGrath shares sit at 19 cents.
The agency reported the impacts of COVID became evident at the onset of the pandemic in mid-March where transaction volumes were lower for a six-week period due to restrictions around open houses and on-site auctions. "However, since then we have seen a rebound in sales volumes as these restrictions were eased and eventually lifted," it advised.
"Notwithstanding the impact of COVID, we are pleased to advise that the extensive work we have undertaken over the past year has manifested in our financial results with the company showing a turnaround in excess of $10 million in our underlying operating results and also returning to net profitability.
"Whilst there had been some impact on listing volumes since the onset of COVID, home values have remained quite resilient through this time.
"In our Property Management (PM) business, we have seen some decline in rental values.
"The lower demand due to the weaker labour market has impacted rents."
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j.ballantyne1990-6AQqhLzZaK

Geoff Lucas departs McGrath estate agency

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A mortgagee property in Elizabeth North has come onto the market with a price guide of $110,000.
Located at 22 Knighton Road, the worse-for-wear residence is semi-detached and sits on a 616 square metre block.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/29/elizabeth%20north%202.jpg" alt="">
It features three bedrooms, one bathroom, and a lock up shed.
Built in 1960, the home last sold in 2009 for $180,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/29/elizabeth%20north%203.jpg" alt="">
The median house price in Elizabeth North is $159,000.
Ken Loft, from Harcourts Playford, has the listing.
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Elizabeth North mortgagee home set for auction

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A mortgagee home in Halls Head, a coastal suburb of Mandurah, has been listed for sale.
An asking price of $345,000 has been provided.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-06-11%20at%2012.29.05%20pm.png" alt="">
Located at on Petrel Close, the four-bedroom, four-bathroom home also features a games room and a home office.
The property is located only 500 metres from the beach.
It last traded for $458,500 in 2014. 
The median house price in Halls Head is $395,000.
Kathryn Fiorenza, from Professionals Mandurah, has the listing. 
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Mandurah mortgagee home in Halls Head under offer

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EXPERT OBSERVATION
The latest consumer price index (CPI) data released shows that Australia is in deflation, and over the quarter, national rents fell by -1.3 per cent, which was both the largest and first quarterly decline on record.
Nationally, the cost of renting is now back at levels last recorded in March 2017.
Despite falling rents throughout the quarter, the volume of rental searches on realestate.com.au is actually up 38.5 per cent.
Not only are people searching more, the volume of high-intent activity on the rental section of realestate.com.au is also up by 74.5 per cent over the same period.
The results are a clear indicator of how COVID-19 has changed the property market dynamic.
Rental rates are coming under pressure from multiple sources. We have virtually no migration, there is new stimulus encouraging purchasing from first home buyers who otherwise may have been renters, and then there's the fact that unemployment is rising, and younger people are most affected.
With a moratorium on rental evictions in place until September, the next quarter is unlikely to see rental CPI fall as severely. Thereafter it is likely rental rates will fall further and will take quite some time to recover to previous highs.
The high demand on realestate.com.au is likely due to the possibility of finding cheaper and or better rentals, as evidenced by the CPI data.
Cameron Kusher is director of economic research at the REA Group
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Falling rental rates unlikely to bounce back soon: Cameron Kusher 

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Farmer confidence levels are remaining relatively high, even though the rest of the economy is feeling the effects of Covid related uncertainty, according to the latest report from valuation firm Herron Todd White.
There are still some rural sales occurring, and there does not appear to be any initial signs of any reduction in value.
However, agents are reporting that the tighter border restrictions are limiting the ability of corporate buyers to inspect and do their due diligence. While the internet can provide a good overall sense of a property, buyers still want to ‘kick the dirt’. We are aware of at least one case where this inability to cross borders is holding up a sale negotiation.
This restriction is exacerbated when international buyers are involved, and it is currently difficult to see how any international travel will be possible in the next 18 months. Meanwhile the reduction in the Foreign Investment Review Board (FIRB) threshold down to $0 caught many by surprise.
There is a significant cost and also time delays involved with navigating FIRB requirements, and this cost becomes more significant as the property value reduces. We are also aware of a one case where the change has delayed a sale.
Whilst we are aware of a number of sales which have been negotiated in the ‘Covid-19’ period across a number of industries, we are not at liberty to disclose finite details as yet until such sales are finalised and settled.
A table grape sale in the Robinvale area, a small citrus orchard in the Nangiloc area and a dried fruit property within the Mildura Irrigation area suggest that value levels have remained firm at pre-Covid levels.
We are also aware of a large dryland cropping holding which has transacted (not settled) to the north-east of Mildura in New south Wales which will show levels slightly firmer than pre-Covid values.
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Sales suggest values remain at pre-coronavirus levels in Mildura: HTW

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Privately-owned developer Orchard Property Group has taken the wraps off its latest project with the launch of the $105 million Aurora project in the heart of Ipswich’s booming southern corridor.
With construction well underway, the 63 homesites in the first release of Aurora Deebing Heights will be completed and registered in September, providing buyers with access to the Federal Government’s $25,000 HomeBuilder grant.
The first release at Aurora includes homesites ranging in size from 362 sqm to 600 sqm (median size of 420 sqm) and prices starting from $186,000. House and land packages are available from $399,844.
Orchard Property Group Managing Director Brent Hailey said the 502 lot Aurora project was expected to benefit from the growing demand for large, affordable homesites close to a number of major employment hubs.
“Over the last decade, Deebing Heights has emerged as one of the hidden gems in the Ripley Valley growth area with schools, shopping and recreation facilities all just a short drive away,” he said.
“The new Deebing Heights State School has quickly gained a strong reputation since it was opened in 2016 and is just a few minute’s drive from Aurora.
“The suburb has been in the shadow of the larger Ripley area for many years, but its proximity to the Ipswich CBD, Amberley RAAF base and other employment hubs has established it as property hotspot in its own right.”
Ipswich is the fastest-growing region in Queensland, with annual population growth of more than 4 per cent with 70 per cent of that growth occurring in the region between Ipswich CBD and Springfield.
The rate of growth has prompted new Ipswich City Council Mayor Teresa Harding to make a submission to Infrastructure Australia in support of a 25km public transport corridor between Ipswich CBD and Springfield Central, including a new station at Deebing South.
Deebing Heights has been one of the fastest growing suburbs in Ipswich over the last decade, growing from a population of 344 at the 2011 census to 2,023 by 2016. This is expected to continue to grow exponentially over coming years.
Mr Hailey said Orchard was expecting strong demand for the project with the HomeBuilder grant and the State Government’s first homebuyer grant providing plenty of incentive for buyers.
“The HomeBuilder grant has been a strong driver of demand for new land since it was announced in June and we would expect that to continue right up to the deadline at the end of December.” 
Combined with the State Government’s $15,000 grant, first home buyers now have access to $40,000 in grants. 
Aurora was made possible by a $7.2 million Catalyst Infrastructure Program grant from Economic Development Queensland (EDQ) to undertake a major upgrade of Binnies Road, Ripley, to provide access to the site. 
Orchard acquired the 34-hectare site at 160 Dalys Road, Ripley, late last year from a group of investors for $11 million. The acquisition takes Orchard’s total pipeline of lots owned and under control to more than 2,000 across five different projects around South East Queensland. The site included an existing Development Approval for a new masterplanned community. 
The Ripley Valley PDA, located about five kilometres south-west of the Ipswich CBD and around 50 kilometres from Brisbane CBD, was declared a PDA in 2010 and covers 4,680 hectares.
The new project will be Orchard’s second largest, following the launch earlier this year of the 650-lot, $120 million Pebble Creek project at South Maclean. The company recently completed sales at PineVue @ Maudsland (110 lots) and has active projects at Ormeau, Narangba and Caboolture.
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$105 million residential project puts Deebing Heights in the spotlight

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A mortgagee home in Queensland’s Moranbah has been listed for sale.
The four-bedroom, two-bathroom property has been listed with a price guide of $368,000.
Located at 19 Hannay Street, this home offers an undercover entertainment area and a double bay shed.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-17%20at%204.44.17%20pm.png" alt="">
The 758 square metre property last traded in 2009 for $121,000.
The median house price in Moranbah is $255,500, according to CoreLogic data.
AH Realty agent Annemarie Haywood holds the listing.
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Moranbah home set for mortgagee auction

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A mortgagee in possession home in New South Wales’ Liverpool is set for auction.
The three-bedroom, one-bathroom home sits at the heart of Liverpool with major amenities only minutes away.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-17%20at%204.28.43%20pm.png" alt="">
Located at 70 Medley Avenue, the home is centrally located and within reach of Westfield Liverpool.
Set on 512 square metres, the property offers a low maintenance backyard and plenty of storage.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-17%20at%204.28.54%20pm.png" alt="">
The property last traded for $387,000 in 2005.
The median house price for Liverpool is $760,000, according to CoreLogic data.
Raine &amp; Horne’s Vince Labbozzetta holds the listing.
The home is set to go under the hammer on Saturday, September 12 at 11.30am.
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Liverpool mortgagee home set for auction

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A mortgagee in possession home in the Upper Hunter Shire has been listed for auction.
Located in Scone, the four-bedroom, one-bathroom home offers an opportunity at entry level pricing.
Sitting on 1,548 square metres, the property is situated on a great sized block and includes a double carport, entertaining deck and garden shed.
The kitchen has been recently renovated, but the rest of the home requires serious work.
According to CoreLogic, the median house price for Scone is $388,500.
The home at 2 Kelly Street last traded for $210,000 in 2006.
Warburton's Meredith Munro and Renee Hunt hold the listing.
 
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Scone Mortgagee home set for auction

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A mortgagee home in Northern Territory’s Ludmilla has been listed for auction.
The three-bedroom, two-bathroom home is located at 38 Harney Street.
Its offerings include a nursery, full length side verandah and in-ground pool.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-17%20at%203.56.51%20pm.png" alt="">
The property, located only 10 minutes to Casuarina, last traded for $850,000 in 2017.
The median house price for Ludmilla is $532,000, according to CoreLogic data.
PropertyShop estate agent George Vodros holds the listing.
The home is set to go under the hammer on Saturday, September 12 at 11am.
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Three-bedroom Ludmilla home set for mortgagee auction

<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.

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[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.

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