Crenelle ushers you into a life of enduring comfort, intimacy, and familiarity.This residential retreat is tucked away from the city's hard edges and relentless bustle - deep within Neutral Bay's most coveted neighbourhood - yet filled with light and air. Here, the Lower North Shore’s prized lifestyle will be literally at your feet; with the harbour, the village and all its delights within walking distance. Welcome to Crenelle Neutral Bay: where you belong.

Crenelle, Neutral Bay - 22-26 Spruson Street, Neutral Bay

Kirribilli Harbour - 75 Kirribilli Avenue, Kirribilli

Corsa, Mortlake - 140 Tennyson Road, Mortlake

With interiors by Squillace, this 3-bedroom absolute beach frontage residence pays homage to Manly's rich heritage and character, with the highest levels of quality, artistry, and emotion. A triumph of intelligent, refined design, the kitchen feature sleek, lowline joinery, a butler's pantry, European appliances, timber veneer joinery cupboards and brushed nickel tapware, all anchored around a breathtaking, curved natural stone island bench. It's the sophisticated heart of the home, where you can cook up a gourmet meal while taking in the ocean views. Generous in proportion but with an intimate feel, each bedroom is carefully curated all with ample storage with the master bedroom featuring a walk-in robe and en-suite with a freestanding bath &amp; separate shower. Reside in the very heart of all that is special about Manly: directly opposite the beach, on the cusp of all the excitement of the Corso and just minutes from the wharf, where the fast ferry takes only 30 minutes to reach Circular Quay. Residence open for viewing. Enquire now to secure your private appointment. Key Features - 3-bedroom residence with secure parking and uninterrupted views of Manly Beach. - Kitchens feature premium European appliances, butler's pantry, and curved natural stone island benchtop. - Includes wine cellar, fireplace &amp; built in wardrobes. - Master bedroom featuring walk in wardrobe and en-suite with freestanding bath &amp; separate shower. - Access via private lobby. - Conveniently located across the iconic Manly Beach. - Minutes walk to Manly Wharf with frequent fast ferries to Circular Quay.

Shoreline Manly Beach - 89-90 North Steyne, Manly

Carabella - 22-24 Carabella Street, Kirribilli

Summary

<ul>
	<li data-end="192" data-start="85">
	Sydney’s property market continues to strengthen, with unit values outperforming house values in May.
	</li>
	<li data-end="312" data-start="193">
	First home buyers drive demand in western suburbs, with strong interest in new projects in Auburn and Merrylands.
	</li>
	<li data-end="439" data-start="313">
	Latent Defects Insurance (LDI) gains traction, offering 10-year structural protection across several major developments.
	</li>
	<li data-end="579" data-is-last-node="" data-start="440">
	Major launches from Tian An, Northland Group, PERIFA, and Deicorp highlight a growing pipeline of quality, well-connected apartments.
	</li>
</ul>

<hr />
The upswing in the Sydney property market continued in May, with both house and unit values increasing in the wake of recent interest rate cuts.

Unit values rose 0.5 per cent, topping the 0.4 per cent growth in house values, Cotality's Monthly Home Value Index showed.

The year-to-date performance of units in Sydney is expected to turn positive when values rise again in June. The recent gains have offset the losses recorded in the first few months of the year, before the RBA began its rate easing cycle.

The median unit value in Sydney is $859,000—around $620,000 lower than the median house value of $1.48 million.

<h2>What happened in Sydney’s off the plan apartment market in May?</h2>

Sydney's western suburbs took the limelight in the new and off-the-plan apartment space in May.

In Auburn, Tian An launched the second stage of its Auburn Square development, North Village, in a move directly targeting affordability-seeking first home buyers.

Over 25 per cent of apartments were snapped up during its recent launch, with young professionals and investors showing the most interest.

[smartcode_project:default project_id=149184 project_image_fid=324852]

First home buyers don't have to pay any stamp duty on the one- or two-bedroom apartments, which are all priced under $800,000.

The building, designed by renowned architecture firm Rothelowman, has the sought-after 10-year Latent Defects Insurance by Resilience Insurance, protecting buyers from any structural or waterproofing issues for a decade after completion.

iCIRT-rated builder Binah has already started construction on site, with completion expected by early 2027.

Read more: <a data-end="1909" data-start="1811" href="#" rel="noopener">Tian An quickly sells 25% of apartments in North Village, Auburn, following successful launch</a>

<hr data-end="1914" data-start="1911" />
Developer Northland Group also opted for the Resilience LDI policy, bringing the first development to Merrylands under the new insurance scheme.

They launched Central Quarter, comprising 194 one-, two-, and three-bedroom apartments above a new retail and commercial podium. The apartments are also first home buyer–friendly, with the one- and two-bedroom offerings priced under the NSW Government's $800,000 stamp duty concession threshold.

[smartcode_project:default project_id=5660 project_image_fid=343722]

Central Quarter is one of the most connected developments in Merrylands—and potentially in all of Western Sydney.

Located on Pitt Street, the building sits directly next to Merrylands Station (just 35 minutes by train to the CBD), the Merrylands bus interchange, and across the road from Stockland Merrylands, home to nearly 200 retailers.

Read more: <a data-end="2935" data-start="2802" href="#" rel="noopener">Northland launches Central Quarter, Merrylands' first new apartment development with Resilience 10-year Latent Defects Insurance</a>

<hr data-end="2940" data-start="2937" />
Resilience Latent Defects Insurance was also taken out by developer PERIFA for Rozelle Village, the eagerly anticipated redevelopment of the former Balmain Leagues Club in Rozelle.

PERIFA officially launched Rozelle Village in May—a mixed-use project featuring 150 apartments across three buildings, retail spaces, and a new club for the community.

[smartcode_project:default project_id=8142 project_image_fid=347019]

Designed by Studio SC, with interiors by SJB, the project brings the peninsula its first full-line supermarket and aims to re-establish the site as a local hub with hospitality and community spaces.

Read more: <a data-end="3687" data-start="3594" href="#" rel="noopener">PERIFA to create new Inner West hub as buyers get first chance to buy at Rozelle Village</a>

<hr data-end="3692" data-start="3689" />
Builder-developer Deicorp has been one of the strongest advocates for Latent Defects Insurance since it was introduced to the Australian market by Resilience Insurance in 2023.

They recently broke ground on their $1 billion Showground Pavilions project at the Hills Showground Metro Station.<img alt="Deicorp breaks ground on $1 billion Showground Pavilions in Castle Hill" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/ShowgroundPavilions_Hero.jpg?VersionId=GB3aayxxrMWw.fbuntrb1nmOtBr6JWez" />

<a href="/new-apartments/showground-pavilions-3-andalusian-way-castle-hill-nsw-2154">Showground Pavilions</a> will deliver over 1,000 apartments and mixed-use amenity across five precincts, capitalising on its status as a Transit Oriented Development (TOD) site.

Read more: <a href="/news/nsw/deicorp-breaks-ground-on-1-billion-showground-pavilions-in-castle-hill">Deicorp breaks ground on billion Showground Pavilions in Castle Hill</a>

May also marked another construction commencement for Deicorp in&nbsp;Melrose Park.&nbsp;

Their $700 million <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a> project, in collaboration with <a href="/developers/payce-consolidated-limited">PAYCE</a>, includes 500 apartments across six towers above a five-level retail and lifestyle podium.&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289879]

With Coles anchoring the 30,000 sqm retail precinct and a Parramatta Light Rail stop to come, early sales have been strong, and construction is pushing forward with completion due mid-2027.

Read more: <a href="/news/nsw/construction-underway-at-deicorp-s-melrose-central-in-melrose-park">Construction underway at Deicorp’s Melrose Central in Melrose Park</a>

There were several major planning developments in May, with a focus placed on the Lower North Shore area.

Developer&nbsp;<a href="/developers/freecity">Freecity</a> lodged a 40-level TOD tower in Crows Nest, aligned with the state’s recent planning reforms.&nbsp;

<img alt="First look: Freecity lodges Crows Nest TOD tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-21%20at%208.15.00%E2%80%AFAM.png?VersionId=sUKLydf_wmpBHwLPTaqnBKn836XB7cRm" />

Designed by <a href="/architects/cox-architecture">Cox Architecture</a>, the development sits above the new Crows Nest Metro and includes 178 apartments.&nbsp;

Communal terraces and a retail podium round out the vision for high-density, high-amenity urban living.

Read more: <a href="/news/nsw/first-look-freecity-lodges-crows-nest-tod-tower">First look: Freecity lodges Crows Nest TOD tower</a>

In <a href="/developments/kirribilli-nsw-2061">Kirribilli</a>, boutique developer <a href="/developers/made-property-group">MADE Property</a> is continuing its luxury push with a 19-apartment project on Carabella Street.&nbsp;

<img alt="First look: MADE Property doubles down in Kirribilli new apartment market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Kirribili%20Made%20Property%20front.png?VersionId=_1bVmrk_o8vXK87_572g10B1rCE93Wog" />

Designed by SJB, the twin four-level buildings will blend into the leafy suburb while catering to a discerning market following the successful launch of Kirribilli Harbour.

Read more: <a href="/news/nsw/first-look-made-property-doubles-down-in-kirribilli-new-apartment-market">First look: MADE Property doubles down in Kirribilli new apartment market</a>

Further north&nbsp;in <a href="/developments/roseville-nsw-2069">Roseville</a>, <a href="/developers/hyecorp-property-group">Hyecorp</a>&nbsp;unveiled plans for a 259-apartment project across a 9,370 sqm site bordering Lord Street and&nbsp;<a href="/developments/roseville-nsw-2069" target="">Roseville</a>&nbsp;Avenue.

The nine-level building will feature&nbsp;a wellness centre with a 15-metre swimming pool and gym, a kids club, cinema space, games rooms, and a residents' lounge.

<img alt="Hyecorp plots latest Upper North Shore apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-13%20at%209.27.54%E2%80%AFAM.png?VersionId=WXyZqJkqHr0asSM6Q2kz.Zi.AGhcaNUl" />

<a href="/developers/hyecorp-property-group">Hyecorp</a>&nbsp;has been developing across&nbsp;<a href="/developments/sydney-nsw" target="">Sydney</a>'s North Shore region since the early 1990s. They are approaching completion of their St Leonards apartment project,&nbsp;<a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a>, opposite Newlands Park, which will wrap up construction later this year.

Their current&nbsp;<a href="/developments/roseville-nsw-2069" target="">Roseville</a>&nbsp;development, Juliet, will comprise 37 apartments when it is completed in mid-2026.

Read more: <a href="/news/nsw/hyecorp-plots-latest-upper-north-shore-apartment-development">Hyecorp plots latest Upper North Shore apartment development</a>

Major launches from Tian An, Northland Group, PERIFA, and Deicorp highlight a growing pipeline of quality, well-connected apartments

Joel Robinson

City Beat May 2025: Resilience Latent Defects Insurance drives buyer appetite in Sydney's west

Boutique developer MADE Property is doubling down in the Prime Minister's neighbourhood.

Fresh off the back of launching <a href="/new-apartments/kirribilli-harbour-75-kirribilli-avenue-kirribilli">Kirribilli Harbour</a>, nine luxury apartments on Kirribilli Avenue, <a href="/developers/made-property-group">MADE</a>, led by Davin Finn, is planning their next development.

They're seeking to develop 19 two and three-bedroom apartments at <a href="/new-apartments/carabella-22-24-carabella-street-kirribilli-nsw-2061">22-24 Carabella Street</a>. It's a slightly different location from Kirribilli Harbour, more Jacaranda streetscapes than Harbour views.

<img alt="Kirribilli Made Property" data-entity-type="file" data-entity-uuid="e32e2cb3-ef33-48e6-8dc9-21d1436d78ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kirribili%20Made%20Property.png?VersionId=esGROOa7jYjnKZ7O.e1bMYFTucfiBidZ" />

The amalgamated 1,964 sqm site, that already has approval for 26 apartments from a 2021 application, is currently occupied by a block of six apartments at 24 Carabella, which is of neutral heritage significance, and a non-heritage block of apartments at 22 Carabella.

The proposal by SJB Architects retains the existing red-brick facade at 24, while demolishing number 22. The development will be split into&nbsp;two four-level buildings - separated by a central landscaped corridor that enhances permeability and greenery on the site.

“The landscape strategy is to retain the street trees of Jacarandas, Brisbane Box and Crepe Myrtles species, providing a landscaped outlook for the residents, while also masking the bulk of the proposed building form," SJB noted in the application to the North Sydney Council.

<img alt="Kirribili Made Property Peet St facade" data-entity-type="file" data-entity-uuid="370b5953-f261-4e69-9620-61d766b8696a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kirribili%20Made%20Property%20peet.png?VersionId=5cHsEJDdu6CJRSHEsF7kqzOURA5rbx3w" />

MADE recently launched Kirribilli Harbour, a similar-style project with a restoartion of an inter-war building, one of the first ever built in Kirribilli, complemented by a new five-level building next door that will home&nbsp;a communal gym, wine room, and five of the nine apartments.

MADE is currently delivering <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>,&nbsp;on one of&nbsp;<a href="/new-apartments/mortlake-nsw-2137">Mortlake</a>&nbsp;Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road. That will comprise just 20 three-bedroom residences and a private marina berth.

Last year the developer completed Crenelle in Neutral Bay.

First look: MADE Property doubles down in Kirribilli new apartment market

In this article, we explore where, what, and who is driving the most exciting new developments coming to Sydney in 2025.

Sydney's top new apartment developments launching in 2025

Corsa Mortlake, an absolute waterfront boutique development positioned on Majors Bay in Sydney Harbour in the inner-west waterside suburb of Mortlake, has secured around $35 million in sales on its launch weekend.

Two purchasers also bought marina berths, proving to be a major drawcard of the project.

CBRE Residential Projects Director Clayton Ross said the marina was a key feature and one of the unique selling points of this project.&nbsp;

“It is such a rare commodity to buy an apartment with a marina berth. The marina berths attracted a huge amount of interest for the project,” Ross said.&nbsp;

Designed by award-winning architects, SJB, the apartments capture uninterrupted panoramic water views, abundant storage, secure basement parking and a 23-berth marina which accommodates boats from 12 to 20 metres in length.

Read more:&nbsp;<a href="/news/nsw/how-sjb-designed-made-propertys-corsa-mortlake-apartment-development">How SJB designed Made Property's Corsa Mortlake apartment development</a>

Claiming Mortlake Point’s last remaining foreshore position, along with a new private marina, Corsa Mortlake will offer harbourside living at its finest, developed by premium boutique builder/developer, MADE Property.&nbsp;

Every apartments in Corsa Mortlake has a harbour-facing balcony.

Ross said Corsa Mortlake&nbsp;garnered a high level of interest and strong sales at launch from local downsizers wanting to live on the water.

“They’re looking for their next and perhaps forever dream home that offered extraordinary lifestyle and spectacular water views,” he said.

MADE Property Development Manager, Todd Moody said the company was delighted with the launch sales result securing $35 million on launch weekend.&nbsp;

“Corsa Mortlake will offer a truly exceptional boutique waterfront development ideal for local downsizers looking for the ultimate lifestyle investment potentially with the added convenience of mooring their boat at their residential address,” Moody said.

“We are delighted to be delivering such a rare and extraordinary project – on one of the last remaining parcels of land to be developed on Mortlake Point.”&nbsp;

Read more:&nbsp;<a href="/news/nsw/corsa-mortlake-luxury-apartments-approved">Corsa Mortlake luxury apartments approved</a>

Read more:&nbsp;<a href="/news/nsw/made-property-secure-kpmg-origins-building-trustworthy-indicator-top-score-for-drummoyne-apartment-development-the-isles">Made Property secure KPMG Origins ’Building Trustworthy Indicator’ top score for Drummoyne apartment development The Isles</a>

&nbsp;

Two purchasers also bought marina berths, proving to be a major drawcard of the project

Urban Editorial

Made Property secures $35 million on launch weekend at harbourfront Corsa Mortlake apartment development

Boutique luxury developer builder MADE Property are launching Corsa Mortlake, their absolute waterfront development&nbsp;on Majors Bay in Sydney Harbour, this weekend.

The Mortlake development has just 20 three-bedroom apartments designed by SJB, all of which capture uninterrupted panoramic water views. One of the unique selling points of the project is the private 230metre marina berth, which accommodates boats from 12 to 20 metres in length.

Corsa Mortlake is located on Mortlake Point's last remaining foreshore site.

<a data-entity-type="file" data-entity-uuid="e55b8e99-dac0-4f1f-8f04-56c4b3654ff4" href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake"><img alt="Corsa Mortlake Marina" data-entity-type="file" data-entity-uuid="e55b8e99-dac0-4f1f-8f04-56c4b3654ff4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mortlake_CGI_Marina_R04.jpg?VersionId=kZknfLanWpoS3Pg9xsLD_z8Ntm.47_qE" /></a>

&nbsp;

SJB also handled the interiors of Corsa Mortlake.&nbsp;SJB’s Design Director Adam Haddow said the&nbsp;project feels as though it has grown from the ground up.

"Engulfed in generous landscaping, each space has a view toward the natural. It was paramount to ensure that each space had a stunning outlook, so much so that each apartment has a unique layout to maximise views and space.&nbsp;

&nbsp;

"Achieving 100% cross ventilation, the spaces feel light and airy, with connection to the waterfront informing every design decision. Light masonry tones reference the Parramatta foreshore, with subtle textures and details replicating the natural landscape.”

Read more:&nbsp;<a href="/news/nsw/how-sjb-designed-made-propertys-corsa-mortlake-apartment-development">How SJB designed Made Property's Corsa Mortlake apartment development</a>

&nbsp;

Leading marina industry consultant, Brett Bolton of Coriolis Marine, said it is well known that Sydney Harbour currently has a significant shortage of marina berths in comparison to boating demand, especially for larger-sized boats. &nbsp;This will only get tighter as the industry continues to grow and there are limited opportunities in the Harbour to build new or expand existing marinas.&nbsp;

‘It’s extraordinarily rare to buy an off the plan waterfront apartment with the opportunity to acquire a strata-titled marina berth," Bolton says.

"This is what makes the offering at Corsa Mortlake highly exclusive."

The marina has been designed to the latest Australian Standard and incorporates extra wide walkway, three phase power, water, CCTV, and a coffee kiosk.

<a data-entity-type="file" data-entity-uuid="3b8d7ea2-9ab0-4b97-91db-7c6acc4a77ff" href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake"><img alt="Corsa Mortlake Balcony" data-entity-type="file" data-entity-uuid="3b8d7ea2-9ab0-4b97-91db-7c6acc4a77ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mortlake_CGI_Balcony_R06.jpg?VersionId=BvXOLf765WFC1abAn9jxa0D.BBzKDkck" /></a>

As part of the development, the boardwalk which fronts the project will be extended as part of the Canada Bay Council Foreshore Access Strategy, which aims to improve and increase access to the foreshore areas around Canada Bay.&nbsp;

MADE Property Development Manager Todd Moody said Corsa Mortlake will offer a truly exceptional boutique waterfront development ideal for local downsizers looking for the ultimate lifestyle investment potentially with the added convenience of mooring their boat at their residential address. &nbsp;

The project is expected to be popular with local downsizers and empty nesters.

Corsa Mortlake helping to alleviate shortage of marinas in Sydney Harbour


MADE Property to launch luxury Corsa Mortlake apartments

Boutique builder developer Made Property's luxury Sydney harbourfront apartment development, Corsa Mortlake, on&nbsp;Mortlake Point’s last remaining foreshore site, is starting to take expressions of interest.

Designed by SJB, <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> will comprise just 20 three-bedroom apartments and a 23-berth private marina on Majors Bay. The north-facing building will offer 180-degree harbour views from every apartment.

SJB handled both the architecture and interiors of <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>. SJB Director Adam Haddow said the design for Corsa Mortlake creates a harmonious fusion of architecture, interior design, landscape and sustainability.

"Addressing the foreshore and gracefully descending towards the water, the building engages seamlessly with its environment," Haddow said.

<a data-entity-type="file" data-entity-uuid="106c5b91-0a62-407f-871c-13f5005b4dfb" href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake"><img alt="Corso Mortlake" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Casamia%203.%20%281%29.jpg?VersionId=vILnmC4WtIykPX.fjdwa26m1t6zd2Cxo" /></a>

“The building’s relationship with its surroundings has been carefully orchestrated, ensuring panoramic views towards the harbour. A carefully crafted façade, with large openings and sculpted windows, takes advantage of the incredible location, and creates an architecture of refinement and elegance."

Haddow says the landscape blends seamlessly with the building, with&nbsp;with landscaped roofs at the lower levels embedding the building into the surrounds.

"Upon arrival, residents are immersed by a landscape courtyard that leads to a lobby adorned with dappled light and high-quality finishes. The building’s setback from the foreshore offers newfound public views from Tennyson Road, redefining the relationship between architecture and water."

At the heart of the design is sustainability, Haddow says, which&nbsp;benefits both the environment and the occupant.

"Every apartment draws in the water views, is cross ventilated, and is orientated to the north-easterly aspect.

<a data-entity-type="file" data-entity-uuid="6ee0bde1-4a8d-4e43-8717-81d671d27b81" href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake"><img alt="Mortlake" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Casamia%203._0.jpg?VersionId=9SihRuiN7qoG5gaeZnnu4uKZ37CTJjjU" /></a>

“To achieve these elevated levels of amenity, each floor limits the apartment numbers to five and introduces three lift lobbies. This results in one or two apartments to each lobby ensuring an intimate entry experience, this is further elevated with brick screens that ensure privacy, while allowing light and air."

He said the material selections, particularly the ubiquitous brickwork, speak to durability, longevity, and sustainability, while the passive design principles will yield both comfort and reduced energy consumption.

"Each apartment is cross ventilated, reducing the reliance on air conditioning and connecting the occupant to the harbour. The orientation maximises solar access and natural daylight. Solar panels will further reduce consumption, a testament to our commitment to sustainable practices and reducing the building’s ecological footprint."

There are a mix of colour schemes available. The light scheme features&nbsp;off-white joinery, grey and white marble, and mid-tone timber flooring. The dark scheme has grey marble, deep timber flooring, and off-white joinery.

Haddow says the&nbsp;vision for the interior design is cohesive with the building’s character and context.

"Five unique floorplans adapt to specific micro-climates, ensuring tailored comfort for each resident. The design philosophy celebrates simplicity through joinery forms, while reeded details pay homage to the rippling waters of the Parramatta River. High end fixtures and Miele appliances provide for sophisticated apartment living."

<a data-entity-type="file" data-entity-uuid="557fc306-847c-4005-b683-e6f6948cedbb" href="/developments/nsw"><img alt="Sydney" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sydney.jpg?VersionId=wEo63J2nX89JhqSlp35LKzWwGKyz_aSL" /></a>

Made Property Development Manager Todd Moody said Corsa Mortlake will offer a truly exceptional boutique waterfront development featuring refined, exemplar architecture ideal for local downsizers looking for the ultimate lifestyle investment potentially with the added convenience of mooring their boat at their residential address.

As part of the development,&nbsp;the boardwalk which fronts the Corsa Mortlake will be extended as part of the Canada Bay Council Foreshore Access Strategy, which aims to improve and increase access to the beautiful foreshore areas around Canada Bay.

Made Property, an iCIRT-rated builder developer, were r<a href="/news/nsw/made-property-secure-kpmg-origins-building-trustworthy-indicator-top-score-for-drummoyne-apartment-development-the-isles">ecently awarded the highest rating of any builder developer in NSW</a> by KPMG Origin’s new ‘Building Trustworthy Indicator’ (BTI) rating tool, scoring a rating of 4+ out of 5 for its recently completed harbourfront residential project, The Isles in Drummoyne – a first for a builder-developer in NSW.

SJB Director Adam Haddow said the design for Corsa Mortlake creates a harmonious fusion of architecture, interior design, landscape and sustainability

How SJB designed Made Property's Corsa Mortlake apartment development

Premium boutique developer builder Made Property has achieved the highest score to date by the KPMG Origins Building Trustworthy Indicator (BTI).

They scored a BTI 4* on its recently completed Drummoyne apartment development The Isles. It's the first 4+ score received by a development in NSW.

The Building Trustworthy Indicator, created by KPMG Origins with the NSW Office of the Building Commissioner, uses an industry developed calculation by combining data provided by the developer on materials, processes, and participants of a fully constructed building to provide a Trustworthy Indicator score after the issue of an occupation certificate.

BTI differs from other ratings like iCIRT as BTI is focusing on the trustworthiness of the building itself, not the counterparty assessment of builders. BTI is a one-off indicator issued for the building after completion,&nbsp;KPMG Origins’ Lead Partner Laszlo Peter says.

“The Building Trustworthy Indicator shows that a building has been assessed against the best available construction industry evidence and standards. Investors, residents, or future tenants can have a higher level of trust in the building as demonstrated via our industry-developed indicator."

Peter says the Building Trustworthy Indicator is a metric that gives NSW buildings and the construction industry a greater trust and transparency.

Made Property was one of the first developer / builders in NSW to obtain an iCIRT in 2022 for their company. The Isles Drummoyne project is the first to gain a BTI 4* “Leading” indicator.”

<img alt="MADE Drummoyne" data-entity-type="file" data-entity-uuid="1d1ec2c8-9201-4157-a06d-ee7302e94dd2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%2012.00.53%20pm.png?VersionId=6VVS8ESKqlcs9RRCVvt.agDO3dOLsPnf" />

Made Property’s Construction Director, Darren Power, said Made Property is delighted to have achieved the highest score received by a builder developer in NSW.

“Our in-house construction team takes tremendous pride and pays meticulous attention to every detail in the construction and delivery of our premium residential projects, ensuring that every step of the process is delivered to the highest of construction standards," Power said.

“The Isles Drummoyne was an exciting project for us to showcase our excellence in design and construction. As a leading builder developer, we are committed to supporting initiatives from the NSW Government that improve the trust and transparency in the residential construction sector.

“We had every confidence that we would receive an exceptional score as our highly experienced and dedicated team delivers residential homes of the highest design and construction standards for our customers. The proof is in the delivery, and we have many happy new homeowners who are delighted with their stunning new harbourfront residences.”

Located on a harbourside plot at the heart of Drummoyne’s highly coveted St Georges Crescent, The Isles comprises a collection of nine luxury waterfront residences with its own secluded beach and private jetty. Designed to balance indoor and outdoor lifestyles, these expansive apartments maximise style and location with generous living and entertaining areas opening to balconies that overlook a secluded harbour garden.

David Chandler, NSW Building Commissioner said Made Property is leading the industry as one of the first trustworthy developers to have both a BTI and an iCIRT rating. &nbsp;

"A growing number of companies like Made Property are embracing the need for industry leaders to show the way, as we all commit to restoring our industry’s brand."

Made Property have recently launched their latest harbourside development&nbsp;Corsa Mortlake, an absolute waterfront residential development positioned adjacent Breakfast Point. The project comprises just 20 luxury three-bedroom apartments and a 23-berth marina.

They're also hoping to complete their Neutral Bay apartment development, Crenelle, by Q3 2024.

Made Property was also one of the first developer / builders in NSW to obtain an iCIRT in 2022 for their company.

Made Property secure KPMG Origins ’Building Trustworthy Indicator’ top score for Drummoyne apartment development The Isles

July was a busy month for development applications across Sydney.

Well-known developers secured sign off to go ahead with a number of projects, while some were submitting applications and bolstering their development pipeline into 2024.

We've put together a list of development movements in the off the plan apartment space in July.

<h2>Central Element get sign off for Bianca Drummoyne</h2>

Central Element and joint venture partner Develotek are set to launch their luxury Drummoyne waterfront project Bianca Drummoyne, after receiving the green light form the Inner West Council.

Bianca Drummoyne will comprise just 12 three and four-bedroom apartments at 2C–2D Wolseley Street, an elevated position on the northern edge of Drummoyne's peninsula overlooking the water.

<a data-entity-type="file" data-entity-uuid="59d98b4d-479e-4185-96c9-aa5bc5b37d86" href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne"><img alt="Bianca Drummoyne" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.00.06%20pm.png?VersionId=IK.BW87Cg65ioPaOA56v4XFUB8GAndQl" /></a>

Apartments start from 120 sqm and get as large of 290 sqm. They have direct lift access from the carpark, where there's double garaging and storage rooms for each apartment. They will each feature an expansive outdoor entertaining area and an individual wine cellars.

Read more:&nbsp;<a href="/news/nsw/central-element-and-develotek-set-to-launch-bianca-drummoyne-apartments-following-council-sign-off">Central Element and Develotek set to launch Bianca Drummoyne apartments following council sign off</a>

<h2>Time &amp; Place seek Manly apartment development</h2>

Melbourne-based developer Time &amp; Place are continuing their push into Sydney, lodging plans for a boutique apartment development in Manly's General Conservation area, adjacent to Manly Oval.&nbsp;

Time &amp; Place, who are working through plans for the redevelopment of the well-known Chimes building in Potts Point, are seeking to develop a four-level building with 25 apartments,&nbsp;above a ground floor commercial level and two underground basement carpark levels.

<a data-entity-type="file" data-entity-uuid="50316fe9-2265-496d-9a18-2f4d4abe1c7a" href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095"><img alt="Time &amp; Place - manly " data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-02%20at%205.49.06%20pm.png?VersionId=BgqxHbRB5Ap1gp0LaFxZ02WiO77EuHfO" /></a>

Time &amp; Place had the award-winning SJB design the Manly project, which will comprise 15 two-bedroom and 10 three-bedroom apartments.&nbsp;

Read more:&nbsp;<a href="/news/nsw/time-place-expand-sydney-footprint-plot-manly-apartment-development">Time &amp; Place expand Sydney footprint, plot Manly apartment development</a>

<h2>Podia reveals North Sydney apartment project</h2>

Prominent Sydney developer Podia has submitted plans for its next apartment project.

In a joint venture with CASA, Podia is seeking to developer 71 dwellings, a mix of apartments and townhouses, at 45 McLaren Street, North Sydney.

<img alt="Podia &amp; CASA's Walker St. North Sydney mixed-use tower" data-entity-type="file" data-entity-uuid="3b3af1a1-5c23-4755-9065-43990232e698" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.34.15%20pm.png?VersionId=n1R6f5NR3tLPTwi9ZPR.mzPZ_aPjlrPP" />

The $68.7 million project, opposite the recently topped out AURA by Aqualand, has been cleverly designed by Bates Smart and features a striking stepped form which has the building stagger up to it's 14th level, allowing for a number of large terraces on the upper floors.

Read more:&nbsp;<a href="/news/nsw/first-look-podia-and-casa-lodge-bates-smart-plans-for-walker-st-north-sydney-mixed-use-tower">First look: Podia and CASA lodge Bates Smart plans for Walker St, North Sydney mixed-use tower</a>

<h2>Made Property secure green light for Corsa Mortlake luxury waterfront apartments</h2>

The iCIRT-rated luxury builder developer Made Property has been given the green light to proceed with Corsa Mortlake, their absolute waterfront residential community on Sydney Harbour's Majors Bay.

Corsa Mortlake, on one of Mortlake Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road, will comprise just 20 three-bedroom residences and a private marina berth.

<img alt="Corsa's Mortlake apartments" data-entity-type="file" data-entity-uuid="3699e4d3-b937-49d0-a48d-72e669f75895" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.36.11%20pm.png?VersionId=11IaPDmezZzCur2FmxI8eV6RupZD7DOp" />

Drawing inspiration from the Italian Riviera, Corsa Mortlake offers the ultimate in waterfront luxury, privacy and exclusivity with only one or two home-sized apartments sharing the lobby.

Read more:&nbsp;<a href="/news/nsw/corsa-mortlake-luxury-apartments-approved">Corsa Mortlake luxury apartments approved</a>

<h2>Bridgestone file plans for Chatswood apartment development</h2>

Sydney developer Bridgestone has filed plans for a new $90 million apartment development in&nbsp;Chatswood.

They're proposing 95 apartments across two towers, linked by a green spine and retail and commercial podium, on a 2,687 sqm site at 44-52 Anderson Street.

<img alt="Bridgestone's two-tower Chatswood apartments" data-entity-type="file" data-entity-uuid="3da21ed2-7da1-4e77-9365-361d09c4ac2d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.38.06%20pm.png?VersionId=_m9hLNWODCRwAbH_ipb_L5eXWk47pYhT" />

The focus has been on a larger apartment configuration. There will be just six one-bed and 16 two-bed apartments across the 25-level buildings. Nearly three quarters of the building will be three-bedroom, duplex-style apartments, which occupy levels eight through to 21. From level 22 and up will be large sub penthouses and penthouses, the latter with private rooftop gardens.

Read more:&nbsp;<a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">Bridgestone file for two-tower Chatswood apartment project</a>

<h2>New Hyde Park tower for Central Element gets sign off</h2>

Sydney developer Central Element has been given the green light by the&nbsp;City of Sydney&nbsp;for their Hyde Park development at 271 Elizabeth Street.&nbsp;

The mixed-use project, being developed in collaboration with equity partner MaxCap and the current landowner, will be designed by the renowned architects Murcutt&nbsp;Candalepas.

<img alt="Central Element's mixed-use Hyde Park tower" data-entity-type="file" data-entity-uuid="46809cd1-9b88-4b88-ba44-ccd10ecc0633" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.39.43%20pm.png?VersionId=lZ.u9lM95O9zNVkEkpWwTa1Luw95.JdW" />

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. The project will also feature hospitality spaces and a range of amenities.

Read more:&nbsp;<a href="/news/nsw/central-element-get-sign-off-for-mixed-use-hyde-park-tower-in-sydney-cbd">Central Element get sign off for mixed-use Hyde Park tower in Sydney CBD</a>

<h2>Full-floor apartments set for Potts Point</h2>

Luxury developer Terra Ferma and joint venture partner Knox Group have teamed up on an apartment project in Potts Point.

They're seeking to convert a 20-studio apartment building on Oak Lane, the Woolloomooloo-side of Potts Point, into a five-level building with just five apartments.

The team spent nearly a year amalgamating 20 owners across two rundown buildings.

<img alt="Terra Ferma &amp; Knox Group's Potts Point apartments" data-entity-type="file" data-entity-uuid="4457dfb7-9087-4c9a-8d2e-37bda4ed0fa1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.41.07%20pm.png?VersionId=iLrT1E.mrTHyz93XE9odiuCZkqBFyJtC" />

The boutique nature of the offering, something which Potts Point and the nearby Elizabeth Bay isn't known for, particularly in the new and off the plan apartment space, means apartments are expected to sell for record prices.

Read more:&nbsp;<a href="/news/nsw/terra-ferma-and-knox-group-team-up-for-potts-point-apartment-project">Terra Ferma and Knox Group team up for Potts Point apartment project</a>

<h2>Gurner to push on with Barana Group's Baranagaroo luxury apartment towers</h2>

Tim Gurner's GURNERTM has secured a trophy site in Sydney's Barangaroo area, with a view to develop two towers of apartments.

The $800 million project at 189 Kent Street is the first seed site to have capital deployed within the developer’s $2 billion Build-to-Sell development fund, which is backed by a global institutional investor.

<img alt="Gurner's luxury Barangaroo towers" data-entity-type="file" data-entity-uuid="cd1b82d1-e881-4861-ab8d-fb386b7ead62" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.42.12%20pm.png?VersionId=QxIJRqmZjYlXCxHPZXkstu.7CxWbq9I0" />

The 1,195sqm site, which adjoins the Barangaroo precinct, currently houses a commercial office tower that was built in the 1960s, with current tenancies in place that GURNERTM will hold until completion of leases. The site has recently been granted planning approval for a residential development after a lengthy approval process by the site’s vendor Barana Group, who has held the asset since 2002.

Read more:&nbsp;<a href="/news/nsw/gurner-to-develop-luxury-barangaroo-apartment-towers">GURNER™ to develop luxury Barangaroo apartment towers</a>

<h2>Roche Group seek mixed-use Lilyfield development</h2>

The Roche Group is trying again for its prime Lilyfield site on the fringe of Rozelle opposite Callan Park.

The Double Bay-based developer has submitted plans for a mixed-use development on their large 6,824 sqm site at 469-483 Balmain Road. They're seeking to build 89 apartments, 6,000 sqm of flexible employment space, and 1,200 sqm reserved for creative purposes.

<img alt="Roche submit plans for Lilyfield mixed-use development " data-entity-type="file" data-entity-uuid="596471ee-e9d5-4f90-b699-3ff41271e6ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.45.41%20pm.png?VersionId=hu_1_Qz2YcjSlrIGE9WFCi2Qo7eOWUAK" />

Five percent of the apartments will be reserved for affordable housing.

Read more:&nbsp;<a href="/news/nsw/roche-group-submit-plans-for-impressive-lilyfield-mixed-use-development">Roche Group submit plans for impressive Lilyfield mixed-use development</a> 
&nbsp;

Well-known developers secured sign off to go ahead with a number of projects, while some were submitting applications and bolstering their development pipeline into 2024

alisonwarters@gmail.com

Sydney's July development application wrap: What's coming to Sydney's off the plan apartment development market

The iCIRT-rated luxury builder developer Made Property has been given the green light to proceed with <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>, their absolute waterfront residential community on Sydney Harbour's Majors Bay.

<a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>, on one of <a href="/new-apartments/mortlake-nsw-2137">Mortlake</a> Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road, will comprise just 20 three-bedroom residences and a private marina berth.

Drawing inspiration from the Italian Riviera, <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> offers the ultimate in waterfront luxury, privacy and exclusivity with only one or two home-sized apartments sharing the lobby.

<img alt="Corsa Mortlake" data-entity-type="file" data-entity-uuid="b1a67f2c-d17d-47a0-9050-863be66d2ceb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.58.04%20am.png?VersionId=cYHlSI25N2GJWl9V15IQoBiTVXrnHjbM" />

Designed by award-winning architects SJB, the sprawling residences capture uninterrupted panoramic water views. There's also a 23-berth marina which accommodates boats from 12 to 20 metres in length.

A prime north-east-facing development, <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> will capture&nbsp;180-degree harbour views with every apartment featuring expansive balconies. Designed for the right-sizer, all home-sized apartments have three bedrooms, all with generous private open space and access to high level of amenity. A selection come with three-car garages.

With interiors also designed by <a href="/architects/sjb-architects">SJB</a>, the resplendent waterfront residences will feature exquisite interior designs, leveraging the project’s harbourside location and deep connection to the harbour, including elevated finishes and premium fixtures.

SJB’s Design Director Adam Haddow, said the project feels as though it has grown from the ground up.

"Engulfed in generous landscaping, each space has a view toward the natural," Haddow said.

"It was paramount to ensure that each space had a stunning outlook, so much so that each apartment has a unique layout to maximise views and space.&nbsp;Achieving 100% cross ventilation, the spaces feel light and airy, with connection to the waterfront informing every design decision. Light masonry tones reference the foreshore, with subtle textures and details replicating the natural landscape.”

<img alt="Corsa Mortlake" data-entity-type="file" data-entity-uuid="5e59f485-15a0-4723-84cb-2eeb00138265" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.58.09%20am.png?VersionId=nzQKPAUdFwBBsRQ9soeYrFtM.VvfrFvD" />

As part of the development, the boardwalk which fronts the project will be extended as part of the <a href="/new-apartments/canada-bay-nsw-2046">Canada Bay</a> Council Foreshore Access Strategy, which aims to improve and increase access to the beautiful foreshore areas around <a href="/new-apartments/canada-bay-nsw-2046">Canada Bay</a>.

Made Property Development Manager Todd Moody said <a href="/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a> will offer a truly exceptional boutique waterfront development ideal for local downsizers looking for the ultimate lifestyle investment potentially with the added convenience of mooring their boat at their residential address.

Communal open space is provided and includes access to the foreshore. The project includes a marina with 23 berths that will initially exclusively be offered to purchasers. The marina will also include a small kiosk for takeaway coffee and food.

CBRE Residential Projects is expecting to purchases to come from local downsizers and empty nesters.

Corsa Mortlake will comprise just 20 three-bedroom residences and a private marina berth.

Corsa Mortlake luxury apartments approved

Buying a home is likely the biggest purchase one will make in their lifetime.

And while the off the plan property market is quickly tarnished in the media, the truth is less than one percent of developments across Australia will face extensive defects, and the chances of those coming from a reputable developer are slim to none.

But now prospective buyers will be able to buy with full confidence and transparency of who they are buying from. Data analytics house Equifax, backed by the NSW Government, have created an independent construction industry ratings tool, or iCIRT,&nbsp;a star rating outcome on a firm&rsquo;s capability and willingness to deliver reliable and trustworthy built assets.

Equifax do a full sweep of the developer or builder with a fine tooth comb, analyzing their&nbsp;full&nbsp;financial and development history,&nbsp;before they are given the accreditation.

Urban Property Group CEO Patrick Elias says it&#39;s great to have a list that allows consumers a way of verifying developers past just the marketing.

[smartcode_project:default project_id=9202 project_image_fid=29159]

&quot;Unfortunately, the industry has been plagued with bad press from a few bad players which has concerned buyers. It is important for the development industry as a whole to give confidence back to consumers so that off the plan sales can start to gain momentum. More importantly it gives consumers a choice when looking to purchase.&quot;

Elias acted swiftly to secure the status as soon as it was announced.

&quot;By becoming an early adopter, we believe it really demonstrates the confidence we have in our business and brand.&quot;

One of Sydney&#39;s most prominent developers, Deicorp, were another among the first to apply and secure their rating.

Deicorp Chief Financial Officer Bruce Rayner said the list is an incredibly valuable tool for purchasers.

[smartcode_project:default project_id=29984 project_image_fid=170448]

&quot;It&#39;s a simple, ready reckoner of which builders and developers have the confidence to submit their business for assessment,&quot; Rayner says.

Deicorp have developed and delivered over 8,000 apartments since 1999, and Rayner says they understand&nbsp;how important purchaser confidence is in the buying decision.

&quot;Anything that helps buyers have confidence in their choice is very positive,&quot; Rayner added.

Rayner says that already&nbsp;some buyers are looking for rated developers when buying off the plan.

&quot;Over time, it will commonplace for buyers to seek out developers who have achieved a positive rating.&quot;

Another who moved quickly was the North Sydney-based Made Property Group, who have been creating high-end, multi-residential developments across Sydney for over two decades.&nbsp;One of their most recent was Crenelle, the luxury Neutral Bay collection of just 11 house-sized apartments.

[smartcode_project:default project_id=23288 project_image_fid=194336]

Made also applied for the iCIRT rating&nbsp;soon as the accreditation was available.

&quot;We always had every intention of seeking to gain a rating as we see it as the most important new initiative in our industry in a long time,&quot; Made&#39;s Managing Director Davin Finn said.

&quot;Whilst the assessment was rigorous, time-consuming and thorough, if you have all the information, systems and processes ingrained in your business already and the performance history in place, it is a reasonably simple process. If you don&rsquo;t however, there is no hiding.&quot;

Finn said consumers deserve to have a high level of confidence and trust in their decision to purchase an off the plan property.

&quot;Purchasing a home is most likely the single biggest purchase anyone makes in their lifetime and to make the decision to purchase off the plan from a glossy brochure or display suite can seem a real leap of faith and can often feel like a gamble. It shouldn&rsquo;t ever be that way.&nbsp;It should be a time of excitement not trepidation or simply hoping for some luck.

&quot;The companies that achieve an iCIRT rating are the ones that have been proven to deliver on the marketing material promised at time of purchase.&quot;

<div>
Finn thinks it&#39;s crucial the industry promotes the existence of the rating system and advocates for consumers to deal with developers and builders from the list.&nbsp;

&quot;Whilst most purchasers will do their own due diligence, nothing can replace a rigorous and independent rating system which requires the industry to fully participate and engage and be marked on past performance, current and future capabilities, and open their financial books and businesses processes to a third party for assessment.

&quot;The independent rating system now provides a very useful tool for consumers to enable them to make informed decisions about who and what they choose to purchase and enable them to have confidence in that decision&quot;

[smartcode_project:default project_id=27691 project_image_fid=188218]
</div>

TOGA are currently working through the process. Their&nbsp;General Manager of Sales Anthony Falas says there will come a point in the future where people will only purchase off developers on the rating system, and everyone else will carry a risk having not been independently verified.

Dasco has been given a rating&nbsp;for its building arm, and is working through the process to get their developer status added. Platino Properties, who primarily develop in the lower north shore, also made the list.

Dasco&nbsp;General Manager, Martin Vaughan said the status&nbsp;is an important part of the group&#39;s future planning to be well-recognised not only by its industry peers, but also by the broader community.

&quot;DASCO has been an active participant in the industry since 1993. To be able to participate in the assessment process and be accredited by an independent body is important in maintaining our reputation for quality and security. To have been awarded a 4.5 Star rating is a significant achievement,&quot; he said.&nbsp;

[smartcode_project:default project_id=94147 project_image_fid=197727]

Vaughan&nbsp;outlined the assessment process as extremely rigorous, with&nbsp;an in-depth examination of all elements of Dasco&#39;s operation.

&quot;The Company was judged for its building quality and practices as well as its financial stability to provide an overall picture of the Company&rsquo;s recent and long-term performance,&quot; he added.&nbsp;

&quot;Dasco&#39;s Executive Directors&nbsp;saw this as an intrinsic step in demonstrating DASCO&rsquo;s credibility but also supporting the changes currently underway in the industry.&quot;

Vaughan said there were obvious benefits for the company to be highly rated by independent review, forming a significant part of the evaluation process for a potential buyer.&nbsp;

&quot;As more and more buyers become familiar with the rating system and understand it&rsquo;s reliability, it could become a significant list of reference to buyers seeking to by off-the-plan.&quot;

&quot;As the media and the NSW Building Commissioner continue to uncover more and more projects with structural issues, buyers will continue to feel apprehensive about buying off-the-plan unless a builder/developer has been deemed &lsquo;trustworthy&rsquo; by accredited parties,&quot; Vaughan said.&nbsp;

[smartcode_project:default project_id=6912 project_image_fid=153922]

Urban Property Group CEO Patrick Elias says it's great to have a list that allows consumers a way of verifying developers past just the marketing

Made Property Group

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