Sydney's most connected address has just been revealed, with prominent developer Third.i launching the first stage of its over station Crows Nest Metro development, Hume Place.

Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

The first residences in Hume Place, known as <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate</a>, have just been released, a combination of 130 one, two, three bedroom apartments that offer unparalleled access to Sydney, as well as all of the amenity in the booming Lower North Shore metro corridor.

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes.

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

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There is a wide variety of configurations that will suit several demographics, including investors, who have largely been absent from the market since the RBA started increasing interest rates.&nbsp;

However, with an unreplicable project like Elevate, and its connection to the Metro, investors are likely to be looking at strong tenancy take-up and a higher potential for growth that, over the course of the last decade, has proven to be stronger in suburbs with a metro line than the neighbouring suburbs.

Close proximity to a metro station can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Overstation Development at the end of 2022 after being shortlisted by the NSW Government and Sydney Metro in a rigorous and highly competitive tender process. Third.i and PPI were selected over some of Australia’s most successful developers, to deliver both sites above the station.

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Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place presents an unparalleled opportunity.

"Elevate is not only going to offer some of the best apartments ever released, but it is also a one-of-a-kind development in terms of the value the metro will bring long-term to its owners," Berry says.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

Designed by renowned architects <a href="/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the area’s natural and historical elements, incorporating the heritage of the ancient blue-gum forests that once dominated the landscape.&nbsp;

The development emphasises sustainability, with a Net Zero energy building design that exceeds industry standards.&nbsp;

Beyond the residences, the project has been carefully crafted to integrate with the vibrant Crows Nest community.&nbsp;

Third.i and PPI have worked closely with local businesses and residents to ensure the development aligns with the character of the area while enhancing the quality of life through thoughtful urban planning.

<a href="/developers/thirdi-group">Third.i</a>&nbsp;is working towards a Q3 2027 completion date.

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Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

Joel Robinson

Elevate at Hume Place: A once-in-a-generation opportunity above Crows Nest Metro

Buyers have flocked to Larool Crescent, the only new development to launch in Castle Hill in 2024.

In the months since launch, the market has responded strongly to the prospect of a low-rise building close to Castle Towers and a short walk to the newly connected Metro.

"<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> was designed to cater to every buyer, and that's exactly what we've seen since we've started selling," Boston Buckler Director Alex Walker says.

"First home buyers who have been priced out of most buildings in Castle Hill have secured several of the entry-level one and two-bedroom apartments, and while typically downsizers like to wait until construction is a little further along, we've seen them instead secure the apartments at today's price and give themselves a two-year window to work out what to do with their current home."

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Walker says the lack of available stock on the market has been a significant factor.

"While there's been much more development in the last five years than the five years prior, there's still not a wide choice, particularly for first home buyers and downsizers," Walker says.

10 years in the making, Larool Crescent comprises five low-rise buildings designed by&nbsp;PTW to wrap around a central courtyard.

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There are one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses, a rarity in new developments in the area. The interiors of the apartments have been crafted by Coco Republic.

Larool Crescent is strategically situated near&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>'s key amenities and attractions, offering residents convenient access to popular shopping destinations like Parklea Markets and Castle Towers, as well as a variety of acclaimed local restaurants.

Builder SRG has already been appointed to deliver Larool Crescent. Buyers are expected to move in in late 2026.

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10 years in the making, Larool Crescent comprises five low-rise buildings designed by PTW to wrap around a central courtyard

Sales flow at Larool Crescent as first home buyers and downsizers seek low-rise convenience in Castle Hill

The proposed Sunshine Precinct is set to become the central hub of Melbourne’s booming west, driven by significant infrastructure investments and strategic urban planning.&nbsp;

Positioned as a National Employment and Innovation Cluster (NEIC), a Metropolitan Activity Centre, and a Priority Precinct, Sunshine is on the brink of transformative growth.

The vision for the proposed Sunshine Precinct is ambitious: to become the dynamic centre of Melbourne's west, supporting the next generation of jobs, innovation, and services. The Precinct is expected to accommodate up to 45,000 jobs, 26,000 homes, and a population of up to 70,000 residents.

At the heart of the transformation is the Sunshine Station Superhub, a pivotal element designed to provide seamless transport connections to Melbourne's CBD, the Melbourne Airport, and Victoria’s western regions.&nbsp;

The proposed Superhub will be developed through several key projects, including the Melbourne Airport Rail and the Western Rail Plan, which will upgrade Sunshine Station and enhance connectivity throughout the region. There’s also the proposed Sunshine Energy Park, which will transform 74 hectares into a forward-thinking urban park featuring a new stadium, outdoor sporting facilities, a community club, a sustainability precinct, and a cultural and ecological precinct.

The Melbourne Airport Rail will, for the first time, connect passengers directly from the airport to Sunshine Station and onwards through the Metro Tunnel to Melbourne's CBD.&nbsp;

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development.&nbsp;

The proposed Sunshine Precinct will focus on three main hubs: Sunshine Station, Sunshine CBD, and The Albion Quarter.

Located adjacent to the future Sunshine Precinct, Development Victoria’s LUMA Sunshine North development is perfectly positioned to take full advantage of the proposed Sunshine Precinct.&nbsp;

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LUMA is a masterplanned community of 300 townhouses in the heart of Sunshine North. LUMA’s Urban and Tempo homes offer a range of two, three and four-bedroom floorplans, all within walking distance of the new Willowbark Reserve which features a children’s playground, barbecue facilities, and shaded picnic areas.

The homes at LUMA are designed with a focus on sustainability and are all electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star natHERs energy rating. The development is well-connected, with proximity to train stations, the Western Ring Road, Sunshine Hospital, and various local amenities.

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Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

Right now, Development Victoria is making home ownership more accessible with its&nbsp; 2.5% upfront deposit offer. Purchasers pay a 2.5 per cent deposit and a further 2.5 per cent up to six months after contract signing.&nbsp;

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Development Victoria has appointed SAW Construction to deliver Stage 2 homes who have over 15 years' experience in townhouses construction across Victoria. SAW Constructions are also building the homes in Stage 1 which have surpassed 60 per cent complete.

[smartcode_project_cta:default project_id=27783]

Sunshine’s population is projected to more than double over the next three decades. To manage this growth, the Victorian Government released a Precinct Opportunity Statement, outlining the vision for the area’s development

Development Victoria’s LUMA masterplan set to benefit from the Sunshine Precinct

Local downsizers and those seeking a low-maintenance weekender on the Mornington Peninsula are showing the greatest interest in the recently completed Safety Beach apartment development, Osprey.

<a href="/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey Safety Beach</a>, which won the national award for&nbsp;Small Scale Development of the Year at the 2024 Urban Developer Awards, comprises just 18 two and three-bedroom apartments, and are as competitively priced as any new apartment in the burgeoning community.

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Osprey has been developed and built by <a href="/developers/figurehead">Figurehead</a>, a construction firm that was the builder behind several new buildings in the Martha's Cove masterplan which was approved eight years ago.

Since then several new developments have been completed, and so has significant amenity, the most notable being Martha's Table, one of the Mornington Peninsula's most popular venues and the heart of the local community.

The Mediterranean restaurant, led by head chef Adam Beckett, doubles up as Arthur's Bar, a grocer, and a wine bar.

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&nbsp;

Projects by Buxton Director Heath Thompson, who has just taken over the sales at Osprey, is already seeing demand from several buyer camps.

"Where <a href="/developments/safety-beach-vic-3936">Osprey is located</a> and the configurations it has on offer, it can suit several uses, which is attracting several different buyer types," Thompson says.

"Local downsizers who either live in the immediate area, or those who have large landholdings in some more remote areas of the Mornington Peninsula who want to be closer to the water, have been the most active buyers so far.

"Then there's those from Melbourne who want a lock up and leave, low-maintenance weekender that they can use themselves or lease as a holiday let when not in use."

Thompson says the location lends itself to boat enthusiasts.

"It's just an hour from Melbourne, and the positioning of Osprey means you're only 150 metres from the marina where you can dock your boat."

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<a href="/architects/wolveridge-architects">Wolveridge Architects</a>, known for their Peninsula beach home designs, handled the architecture at Osprey. They focused on creating a striking facade with several curves that inform the living space, capturing views of the marina from the internal living area and the balcony.

The apartments are characterised by their generous natural light and air circulation, facilitated by a unique 'lightwell breezeway' entry for each home that promotes natural cross ventilation.

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&nbsp;

The interior design of Osprey apartments is inspired by coastal living, featuring a warm and restrained palette.&nbsp;Light cream tones replace stark white finishes, while materials like cover batten wall linings, hardwood timber accents, and pale green hues evoke the external elements of a beach home.&nbsp;

The modern kitchens in Osprey are equipped with Fisher and Paykel appliances, undermount sinks and porcelain benchtops.

Osprey apartments are ready to move in, and are priced from $795,000.

[smartcode_project_cta:default project_id=138447]

"Where Osprey is located and the configurations it has on offer, it can suit several uses, which is attracting several different buyer types," Projects by Buxton Director Heath Thompson says



Osprey Safety Beach: The award-winning apartments catching the eye of Mornington Peninsula buyers

When drawing up plans for its 12th residential apartment development on the Gold Coast, Sherpa Property Group set out with a goal.

“We created Perspective Nexus to deliver luxury, and comfort residences and revolutionise beach living for local downsizers," <a href="/developers/sherpa-property-group">Sherpa</a> General Manager, Daniel Clarke, said.

“Our goal with <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> is to transform beachfront living with state-of-the-art amenities and innovative design."

The objective from the outset was to maximise liveability for the residents of the nine-level building on the eastern side of the Gold Coast Highway in&nbsp;<a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

[smartcode_project:default project_id=108324 project_image_fid=228359]

When designing Perspective Nexus, Sherpa enlisted <a href="/architects/hal-architects">HAL architects</a> to deliver a premium collection of 35 spacious apartments. There are two, three and four-bedroom apartments on offer, including&nbsp;two half-floor penthouses and three two-storey sky homes with private rooftops.

“We partnered with HAL Architects to ensure that Perspective Nexus is designed to seamlessly integrate lifestyle, location and liveability, offering the Gold Coast’s most liveable floorplans,” Clarke said.

“Crafting the most unique and functional house-sized floorplans on the eastern side of the highway has been a meticulous journey, emblematic of our commitment to excellence in design and functionality.&nbsp;

“Each detail has been thoughtfully tailored to enhance liveability and luxury, setting a new standard for coastal living. This dedication to innovation is a hallmark of all Sherpa developments, ensuring every resident experiences unparalleled comfort and sophistication”.

[smartcode_project:default project_id=108324 project_image_fid=250147]

Perspective Nexus will feature 79 car parks for both residents and visitors, including electric car charging stations, individual apartment storage, a car wash bay, parcel delivery storage and cold storage.

Perspective Nexus enables and celebrates beach living, with outdoor showers and a dog-wash area to cater to locals seeking to downsize and enjoy the beach which is just a stone’s throw away.

The building will also have a resident-only wellness centre with&nbsp;a magnesium spa, sauna and steam room. Internal stairs will lead down to the resident’s exclusive recreational area that will feature a spa, pool, wellness garden, and private dining area with an outdoor kitchen.&nbsp;

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“The ultimate lifestyle starts with Perspective Nexus, where a world-class beachfront location is combined with luxury living to ensure all residents experience the best," Clarke added.

Sherpa has appointed LPS Group as the project builder. LPS has already commenced construction on Perspective Nexus and are expecting completion in Q3 2025.

Only a handful of apartments remain, with 80 per cent of homes already snapped up.

[smartcode_project_cta:default project_id=108324]

Perspective Nexus enables and celebrates beach living, with outdoor showers and a dog-wash area to cater to locals seeking to downsize and enjoy the beach which is just a stone’s throw away

Sherpa to "revolutionise beach living for local downsizers" as Perspective Nexus reaches 80 per cent sold

Both Queensland locals, as well as those looking for an investment or lifestyle change from New South Wales, have showed the most interest in Morris Property Group's new Broadbeach apartment tower, Crest Broadbeach.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a>, well over 50 per cent sold, comprises 182 two and three-bedroom apartments designed by Guida Moseley Brown.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

[smartcode_project:default project_id=112024 project_image_fid=241133]

Since the project launched late last year, traffic from New South Wales to Crest Broadbeach has been consistent, anywhere between 20 per cent to 35 per cent of total traffic.

While owner-occupiers have dominated sales at Crest, the opportunity to purchase owner-occupier-friendly stock in Broadbeach hasn't been lost on investors. Investors have consistently accounted for over 40 per cent of enquiry on Urban at Crest, higher than the Broadbeach average of 32 per cent across 2024.

Crest Broadbeach is one of the only developments around Broadbeach Park, at the northern end of Broadbeach, to be catering for a wider demographic. Several towers that are being marketed or are in planning are priced closer to $3 million.

Read more: <a href="/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

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Crest sits on Armrick Avenue, one of three streets (Surf Parade and Chelsea Avenue), that front the 4.2-hectare Broadbeach Park, a sought-after spot given it means protected south and eastern views toward the beach and the ocean.

On top of the viewlines, Broadbeach Park is a drawcard by itself, home to&nbsp;Broadbeach Bowls Club, which has been there since the mid-1950s, several sports fields that are home to Broadbeach United Soccer Club, and the Broadbeach Life Saving Club.

There's also <a href="/developments/broadbeach-qld-4218">Broadbeach</a> Community kindergarten and a children's playground which draws the family buyer.

The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest. Buyers also see good value for money in the development.

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Crest is MPG's ninth development in Broadbeach since the Canberra-based developer started developing in the Gold Coast in the late 1990s.&nbsp;

MPG also recently launched their eighth Broadbeach development to the market. The builder-developer waited until they've nearly completed construction before launching&nbsp;<a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments near the Gold Coast Convention and Exhibition Centre.

<a href="/developers/morris-property-group">MPG</a> is back to Broadbeach Park for their 12th Broadbeach development, which they're expecting to launch before the end of 2024.

Similar to Malo,&nbsp;<a href="/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison Broadbeach</a>&nbsp;at 22 Chelsea Avenue&nbsp;will comprise just 22 three-bed apartments across a 25-level building, with the amenity located on the top floor.

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The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest.

Why both investors and owner-occupiers are targeting Crest Broadbeach apartments

<a>Ode Double Bay, the</a>&nbsp;record-setting development by <a href="/developers/top-spring-australia">Top Spring Australia</a>, is continuing to rack up significant off the plan apartment sales.

The latest comes from a Sydney buyer who spent $14.39 million consolidating apartments to create a large 224 sqm, three-bedroom apartment, as well as an 85 sqm one-bed, with a private lift lobby serving both apartments.

<a href="/project-marketer/1st-city-projects">1st City</a> Managing Director, Brad Caldwell-Eyles, said the local purchaser had been looking for a high-end opportunity in the Eastern Suburbs for several months.&nbsp;

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“Globally, we’re seeing a trend in larger apartment living, especially for people looking to transition into retirement on their terms with unparalleled access to lifestyle, art and culture,” Caldwell-Eyles said.&nbsp;

“This amalgamated apartment offering at <a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> aligns with this preference, while providing an ideal second space for visiting guests, family, or staff.&nbsp;

“It’s a savvy purchase, which gives them the flexibility of four bedrooms across two privately accessed residences, which in the long-term can be sold together or separately.&nbsp;

“Importantly, it offers a lifestyle akin to other global cities with access to a 24-hour concierge service and high-end security, which are very attractive to this end of the market, particularly those who enjoy travel and privacy.&nbsp;

“Ode residents will also have access to room service from the renowned Indigo Café, offering a curated selection of cuisine delivered directly to their home, from morning coffee to freshly prepared meals.”&nbsp;

[smartcode_project:default project_id=113405 project_image_fid=234805]

Caldwell-Eyles said the amalgamated apartment offering at Ode enabled the buyer to create a unique home environment comparable in size to the building’s sold-out penthouses and sub-penthouses.&nbsp;

“Sydney remains one of the world’s strongest and most consistent performers in global real estate, and the city’s eastern, harbourside suburbs are tightly held and less cyclical in nature,” he said.&nbsp;

“The purchaser frequently travels internationally and while in Sydney, the family will have a beautiful Luigi Rosselli-designed home in the heart of <a href="/developments/double-bay-nsw-2028">Double Bay</a>.”&nbsp;

Ode will rise six levels from Cross Street and will offer Sydney Harbour views.

Construction at Ode is well underway by prestige Sydney builder <a href="/builders/ceerose">Ceerose</a> and is on track for completion in early 2026.

[smartcode_project_cta:default project_id=113405]

Ode will rise six levels from Cross Street and will offer Sydney Harbour views.

Double-digit off the plan apartment sales keep coming at Ode Double Bay

The new and off the plan apartment market in Sydney's Lower North Shore is going from strength to strength, as the new Sydney Metro expands its footprint further north.

One suburb already benefitting is Chatswood, one of the most northern commercial hubs in Sydney.

Capitalising on the Metro boom, which has been felt across all of the new Metro suburbs but particularly those from <a href="/developments/north-sydney-nsw-2060">North Sydney</a> to the Hills District, is Melbourne-based developer Goldfields.

<a href="/developers/goldfields-group">Goldfields</a>&nbsp;honed in on Chatswood when they were looking for a site to develop their first Sydney high-rise apartment building.

<a href="/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a>,&nbsp;one of the first developments approved under the new <a href="/developments/chatswood-nsw-2067">Chatswood</a> CBD Planning and Urban Design Strategy, comprises 70 apartments across a 26-level Make Architects-designed building just 550 metres from the newly opened Chatswood Metro Station.

[smartcode_project:default project_id=21170 project_image_fid=210274]

The one, two and three-bedroom apartments will sit above a retail podium.

The Bryson’s architecture features four vertical ceramic blades that define the building’s form and curate apartment views, while also managing daylight and ventilation.&nbsp;

This design element is intended to blend with the local context, taking cues from the earthy tones of nearby brick buildings, while the apartment interiors are crafted to balance city living with a sense of retreat, featuring open-plan living spaces that extend to private balconies.

[smartcode_project:default project_id=21170 project_image_fid=210266]

The Bryson also focuses on resident wellbeing, offering communal spaces that include a lap pool, yoga terrace, and landscaped gardens.

Goldfields has a diversified development portfolio across Sydney, Brisbane and Melbourne.

They <a href="/news/vic/goldfields-ready-new-150-million-mixed-use-development-in-richmond">recently revealed plans</a> for a new development in <a href="/developments/richmond-vic-3121">Richmond</a>.

[smartcode_project_cta:default project_id=21170]

The Bryson was one of the first developments approved under the new Chatswood CBD Planning and Urban Design Strategy

The Bryson of Chatswood to take advantage of Sydney Metro boom

The recent opening of the final stage of the $2.6 billion motorway connecting Sydney Airport to the WestConnex toll network marks a significant milestone for Sydney’s infrastructure.&nbsp;

The new Sydney Gateway provides a direct connection between the airport and Sydney’s major sporting and event precincts, with travel times now expected to be less than 20 minutes.

Set to benefit from the new road and tunnel upgrades is the recently completed Sapphire and <a href="/buildings/ruby-apartments-lidcombe-1-kingfisher-street-lidcombe">Ruby Apartments</a> by developer YMCI Australia.

[smartcode_project:default project_id=143641 project_image_fid=289363]

Located just minutes from the heart of Sydney Olympic Park, Ruby Apartments offers residents extensive connectivity to the rest of Sydney. The new Sydney Gateway is just another added convenience to residents who are well-serviced by the Sydney Train network.

"The Sydney Gateway is a gamechanger for our residents," said Australia AYMCI Director Jason Tan, empahsising the transformative impact of the Sydney Gateway on Ruby Apartments.

"It will dramatically cut travel times to key destinations like the Sydney CBD, Parramatta, and Sydney Airport, making Ruby Apartments an even more attractive choice for professionals and families alike."

[smartcode_project:default project_id=143641 project_image_fid=247480]

The transport connections strengthen the prospect of living in Sydney Olympic Park which offers a more affordable option for those who need to commute to the city.

"The increased accessibility brought by the Sydney Gateway will undoubtedly enhance the value of properties within the Sydney Olympic Park precinct," Tan added.

"This infrastructure project is set to elevate the status of Ruby Apartments, making it not only a great place to live but also a sound investment for the future."

[smartcode_project:default project_id=143641 project_image_fid=247476]

A handful of the remaining apartments are priced under $800,000. Those apartments fall within the threshold for full stamp duty concessions under the NSW Government First Home Buyers Assistance Scheme.&nbsp;

Read more:&nbsp;<a href="/news/nsw/0-stamp-duty-incentive-drawing-first-home-buyers-to-ruby-apartments-in-sydney-olympic-park">$0 stamp duty incentive drawing first home buyers to Ruby Apartments in Sydney Olympic Park</a>

In another bonus for Ruby residents,&nbsp;YMCI Australia is also set to be a retail promenade on the ground level of Ruby. Six retail shops are soon to hit the market, which can cater for several uses, from cafes and restaurants to convenience stores and clothes stores.

"A vibrant retail scene is essential to creating a lively community, and with the Sydney Gateway increasing accessibility, we are confident that Ruby Apartments will become a central hub for both residents and visitors," Tan said.

"The future is incredibly bright for those who choose to make Ruby their home."

[smartcode_project_cta:default project_id=143641]

Located just minutes from the heart of Sydney Olympic Park, Ruby Apartments offers residents extensive connectivity to the rest of Sydney

Sydney Gateway opening a gamechanger for Sydney Olympic Park precinct

It was just over a year ago that Ellipse Property Group announced it had received approval for one of the largest, and greenest, masterplanned developments in the booming Castle Hill.

Since then, they've launched the first stage, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Atrium</a>, sold half of its apartments, and begun groundworks after demolishing the previous buildings on the expansive 3.2-hectare site in the rapidly growing Showground Precinct.

Atrium comprises 147 apartments and sits as the gateway building to nature-fuelled masterplan that has over 30 per cent of site coverage dedicated to green open spaces.

[smartcode_project:default project_id=89496 project_image_fid=216770]

Ellipse Head of Development, Nigel Farquhar, said buyers have responded well to the design and amenity put into the apartments.

"Owner-occupiers have jumped at the opportunity to be a part of what is likely to be the greenest community to be produced in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>," Farquhar says, adding the team is seeing significant interest in the upper end of the market.

While generally downsizers are happy to wait for construction to be further advanced so they have more firm timelines to get their affairs in order and sell their current home, Farquhar says that hasn't been the case for some purchasers at Atrium.

[smartcode_project:default project_id=89496 project_image_fid=216765]

Downsizers, in particular, have been drawn to the design, finishes, and spacious layouts we offer, as well as the unique opportunity to collaborate with Ellipse's design team to alter floor plans at this early stage of construction,” says Farquhar.

“They are confident in committing, knowing that Ellipse is the developer and Decode, a gold star iCIRT-rated builder, is behind the project. They recognize the distinctiveness we’re offering and don’t want to risk missing out on the one-of-a-kind layouts available at this stage.

Farquhar notes that the architecture by Stanisic Architects and Tony Owen Partners, along with the masterplan’s landscape design by Site Image, has been a major drawcard for buyers.

“Ellipse’s design team, led by Associate Director Puja Khanna, recently refined some of the designs for the upper levels and penthouses. These updates were soft-launched and received a strong market response, with one penthouse being reserved at the early stage of hand sketches,” Farquhar says.

[smartcode_project:default project_id=89496 project_image_fid=216764]

Many apartments in Atrium are tailored to suit downsizers or right-sizing owner-occupiers, featuring expansive internal spaces that open onto generously sized balconies or garden courtyards.

A factor for these buyers has been the abundance of nature and space at Carrington Place, with over 20,000 sqm of recreational space and the one-kilometre boardwalk along Cattai Creek that connects the precinct to the nearby Fred Caterson Reserve.

Farquhar explains that future stages—of which there will be five—are designed to attract a broader range of demographics into the masterplan.

“The next stage will feature more diverse apartment configurations that will appeal to first home buyers and investors, while the current stage is primarily attracting owner-occupiers," he says. "There’s a significant demand for this type of product, but there isn’t much available on the market."

[smartcode_project:default project_id=89496 project_image_fid=216769]

Farquhar highlights that the new metro line has been a game-changer, particularly for investors. “The fundamentals haven’t been favourable for investors in recent years, as seen by the decline in investor activity across Greater Sydney and Australia. However, the shortage of rental apartments in the area, combined with the new metro opening, which provides young professionals with easy access to the city, is expected to offer investors a strong yield."

The new Hills Showground Metro will transport Castle Hill residents to Barangaroo in just 33 minutes.

<a href="/developers/ellipse-property-group">Ellipse Property Group</a> currently has two projects on the market: <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, featuring over 750 units, and <a href="/new-apartments/east-cowper-granville-2-6-cowper-street-granville">East and Cowper</a>&nbsp;in <a href="/developments/granville-nsw-2142">Granville</a>, offering 264 units. The group maintains a robust development pipeline with plans to deliver more than 1,000 homes in the next few years.&nbsp;

Ellipse is planning to release the second stage of the Carrington Place masterplan early next year, with <a href="/builders/decode">Decode</a> already on-site at Carrington Place, aiming to complete Atrium by late 2025. The entire masterplan is expected to be finalized by 2032.

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[smartcode_project_cta:default project_id=89496]

Farquhar explains that future stages—of which there will be five—are designed to attract a broader range of demographics into the masterplan

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