Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Joel Robinson

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
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The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
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The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
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Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
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“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

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Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Central Element is seeking approval for a significant residential redevelopment in Lavender Bay, lodging plans for a dual-tower apartment project that would deliver 163 new homes on a prominent site at the northern gateway to Milsons Point.

The Sydney-based builder-developer has lodged a concurrent rezoning proposal and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/64-66-lavender-street-lavender-bay-nsw-2060">64-66 Lavender Street and 3-7 Middlemiss Street</a>, a 2,305 sqm amalgamated site currently occupied by a collection of ageing residential flat buildings.

Designed by SJB, the proposal would replace the existing 32 apartments with two residential towers rising 23 and 32 storeys, comprising 163 apartments including affordable housing managed by a community housing provider. The project forms part of the NSW Government's Housing Delivery Authority program and has been progressing through a fast-tracked state planning pathway since being endorsed for further assessment in 2025.

The proposal is one of the most significant redevelopment opportunities currently under consideration on Sydney's lower north shore, sitting between the high-density towers of Milsons Point and the lower-scale heritage fabric of Lavender Bay.

<img alt="Lavender Bay" data-entity-type="file" data-entity-uuid="93ecf0ee-487d-4292-afc4-0bc9579475d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.48%E2%80%AFAM.png?VersionId=PunU2ipMaTxiJcJ8NdMyUlWA7d98eNUb" />

The planning proposal seeks a substantial uplift from the current 12 metre height limit, which would only allow for a four-storey building, however the submission argues a scheme within these limits would not be&nbsp;economically feasible given the complexity of site amalgamation and would fail to maximise housing delivery on land located within walking distance of major transport infrastructure.

SJB said the design evolved significantly following discussions with the Department of Planning, Housing and Infrastructure and independent design review processes.&nbsp;Rather than pursuing a single larger tower, the architects adopted a two-tower approach aimed at reducing perceived bulk, preserving view corridors and creating greater permeability at ground level.

The northern tower would rise 23 storeys and contain 81 apartments, while the southern tower would reach 32 storeys and accommodate 82 apartments. Five basement levels would provide 174 car spaces, 181 bicycle spaces and 10 motorcycle spaces.

"The proposal for 3–7 Middlemiss Street and 64–66 Lavender Street is driven by a clear ambition to complete the Middlemiss Peninsula, delivering the final piece of a carefully evolving urban precinct," SJB noted in its design report.

"Positioned at the threshold between Lavender Bay and the North Sydney CBD, the development is envisioned as a unifying element—one that completes the skyline composition while providing a considered and harmonious transition between the peninsula’s established character and the intensity of the CBD beyond.

"Collectively, the development aspires to create a landmark that is generous, inclusive, and deeply connected to its setting, one that enhances the skyline, strengthens the public realm, and contributes to a more equitable and sustainable urban future."

Communal spaces would be distributed across multiple levels, including landscaped podium gardens, swimming pool facilities, barbecue areas and rooftop-style retreat spaces designed for residents. The proposal delivers more than 1,500 sqm of communal open space and nearly 400 sqm of indoor communal facilities.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="0671c276-6dd8-4cfc-97b0-134a45d2c8cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.17%E2%80%AFAM.png?VersionId=90D7lRaCTMTsFx92tIBrHlZcuaV_a4cw" />

A major focus of the planning assessment has been the project's relationship with surrounding public open spaces.

Clark Park, Bradfield Park and Wendy Whiteley's Secret Garden are among the lower north shore's most valued public landscapes, and overshadowing impacts have been closely examined through the design process. Central Element is proposing to also create a new public plaza and pocket park as part of the development.

Central Element has been developing across Sydney since 2010.

They have recently completed their Chatswood tower, Ethos Chatswood, as well as their luxury redevelopment of Coogee's landmark Ballamac House. They are currently selling Pearl Bondi, just seven high-end homes, while future plans include a tower on Hyde Park, and a boutique project in Neutral Bay.

First look: Central Element reveals Lavender Bay apartment plans

Deicorp

Deicorp's highly anticipated Downtown Zetland project is rapidly taking shape, with recent construction updates revealing significant milestones that have investors and potential homeowners buzzing.

Andrew Coleman, Deicorp's Construction and Development Executive, said Building A's entire concrete superstructure is set to be completed by December, with works across the other building's also progressing well.&nbsp;&nbsp;

[smartcode_project:default project_id=7106 project_image_fid=215764]

Building B, another integral part of the development, has reached a noteworthy milestone as well.

"Concrete structure works have been topped out, up to the roof level, on Building B," Coleman said.

“External face brickwork and installation of windows has advanced up to Levels 5 and 6. Finishing trades are now preparing to commence on ground floor and lift lobby areas.”

The attention to detail extends below ground as well. Residential storage cages and high-level drainage systems are being fitted to all basement car parking areas.

[smartcode_project:default project_id=7106 project_image_fid=215744]

Downtown has experienced strong buyer demand from both owner-occupiers and investors.&nbsp;As the project nears its completion, inquiries and sales continue to surge.

There's now just 20 apartments left to sell in Building B and Building C, with a strong demand from both investors and owner-occupiers.

Designed to reflect the urban energy of Zetland, Downtown boasts four distinct buildings crafted by renowned architects MHNDU and BVN Architects.

&nbsp;

[smartcode_project:default project_id=7106 project_image_fid=215773]

Offering a range of floor plans, including open-plan two-level apartments with off-street access, the project is set to deliver a total of 546 apartments upon completion.

The buildings are ingeniously connected via laneways, creating a vibrant village where residents can enjoy the utmost convenience, while rooftop gardens offer tranquil spaces surrounded by lush landscaping, providing residents with a peaceful retreat in the heart of the city.

[smartcode_project_cta:default project_id=7106]

There's now just 20 apartments left to sell in Building B and Building C, with a strong demand from both investors and owner-occupiers

Staff Writer

Deicorp progress toward major milestone at Downtown Zetland apartment development

Renowned developer <a href="/developers/deicorp">Deicorp</a> has seen huge demand for its <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village development</a> in Sydney's north west.

The latest stage of the <a href="/developments/rouse-hill-nsw-2155">Rouse Hill development</a> is already 65 per cent sold, following a <a href="/news/nsw/deicorp-sell-out-first-stage-of-670-million-tallawong-village">successful sell out of stage one earlier this year</a> and the all but sold out stage two.

The surge of buyer interest, at what will be a thriving community just steps away from the Sydney Metro Tallawong Station, led to <a href="/developers/deicorp">Deicorp</a> bringing forward stage three to meet the soaring demand

[smartcode_project:default project_id=106821 project_image_fid=169991]

With a focus on affordability and contemporary living, <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> caters to a diverse range of homebuyers, including owner-occupiers and investors. Designed by Turner Studio, the project features a mix of one, two, and three-bedroom residences, in a bid to attract a wide buyer market, suiting a variety of lifestyles and preferences.

One of the key attractions of Tallawong Village is its strategic location and excellent connectivity. Residents will enjoy the benefits of the planned Tallawong Town Centre, which is expected to bring 30,000 sqm of retail space, enhancing the convenience and lifestyle of the community. Furthermore, the bustling Rouse Hill Town Centre, with its wide array of amenities and shopping options, is just a single metro stop away.

<a href="/news/nsw/deicorps-top-four-sydney-off-the-plan-apartment-developments-for-sale-in-august">Deicorp's top four Sydney off the plan apartment developments for sale in August</a>

Construction is well underway, and as the development takes shape, <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> is poised to become a dynamic hub of connectivity, community, and commerce. For those seeking the perfect blend of urban living and suburban tranquility, Tallawong Village offers the best value apartments in the area.

[smartcode_project:default project_id=106821 project_image_fid=215908]

Living in Tallawong Village means more than just owning a property; it entails becoming part of a vibrant and welcoming neighbourhood. The development's strategic location ensures easy access to modern amenities while fostering a strong sense of community spirit among its residents.

The success of Tallawong Village's earlier stages is indicative of the ongoing growth in the northwest Sydney property market.&nbsp;

[smartcode_project_cta:default project_id=106821]

The latest stage of the Rouse Hill development is already 65 per cent sold, following a successful sell out of stage one earlier this year and the all but sold out stage two

alisonwarters@gmail.com

Deicorp continue success at Tallawong Village as latest stage flies to 65% sold

Sydney builder developer Deicorp is one of the most trusted developers in the off the plan property industry nationally.

Since its inception in 1999, they've delivered over 10,000 homes across 40 suburbs, from <a href="/developments/redfern-nsw-2016">Redfern</a> to <a href="/developments/rouse-hill-nsw-2155">Rouse Hill</a>,&nbsp;Arncliffe to <a href="/developments/ashfield-nsw-2131">Ashfield</a>.

They've won a string of awards over the last 24 years, none more impressive than the&nbsp;The UDIA President’s Award, which they won in 2022 for The Pemulwuy, delivered on behalf of Redfern’s Aboriginal Housing Company.

Over the years they've been one of the leading contributors to either transform established suburbs around Sydney, or in the creation of new ones.

There's always something in the pipeline for Deicorp. We've wrapped up their four best off the plan apartment projects currently on the market across Sydney.

<h2>Project: Hills Showground Village</h2>

<h2>Suburb: Castle Hill</h2>

Situated opposite the Showground Metro Station, Deicorp's Hills Showground Village development offers residents a vibrant lifestyle. A dining and retail precinct is conveniently located at their doorstep, providing an array of shopping and entertainment options.

[smartcode_project:default project_id=133881 project_image_fid=209815]

The recent release of a new collection of apartments in the development has been met with high demand. Designed by Turner Studio, the apartments feature high-quality appliances, including a SMEG oven, gas cooktop, and microwave. The open-plan living and dining areas extend to generously-sized balconies, offering scenic views of the surrounding green spaces.

Residents of Hills Showground Village will enjoy never-to-be-built-out views adjacent to the new Showground precinct. The landscaped native gardens and green spaces further enhance the picturesque surroundings.

[smartcode_project:default project_id=133881 project_image_fid=209805]

The development offers a range of communal facilities and amenities, including barbecue areas, dining options, and entertainment facilities. With a full-line supermarket and 30 specialty retail outlets within the Hills Showground Village, everyday essentials are conveniently within reach.

<h2>Project: Downtown</h2>

<h2>Suburb: Zetland</h2>

Designed to reflect Zetland's urban energy, Downtown features four distinctly unique buildings designed by MHNDU and BVN Architects.

[smartcode_project:default project_id=7106 project_image_fid=215775]

Offering a range of floor plans, including open-plan two-level apartments with off-street access, Downtown combines sleek and functional kitchens with spacious living areas. Private balconies serve as additional entertaining spaces, seamlessly merging indoor and outdoor living.

Downtown's buildings are connected via laneways, creating a vibrant village where residents can enjoy the utmost convenience, while the rooftop gardens provide tranquil spaces surrounded by lush landscaping.

[smartcode_project:default project_id=7106 project_image_fid=215768]

Work on the inner-city project is set to wrap this year.

<h2>Project: Tallawong Village</h2>

<h2>Suburb: Tallawong</h2>

As Deicorp's largest north-west development, Tallawong Village offers highly affordable and contemporary residences just steps away from the Sydney Metro Tallawong Station.

[smartcode_project:default project_id=106821 project_image_fid=215911]

With 333 residences set to be delivered across the site, the project caters to owner-occupiers and investors alike, with varying floor plans of one, two and three-bedrooms designed by Turner Studio,

Deicorp experienced an influx of buyers since launching the $670 million project to market in Sydney's northwest, with all of stage one completely selling out earlier this year. Due to the successful buyer interest, the group brought new stages in the development forward.&nbsp;

[smartcode_project:default project_id=106821 project_image_fid=215912]

The village will also benefit from the planned future Tallawong Town Centre, which will deliver up to 30,000 sqm of retail floorspace, while the bustling Rouse Hill Town Centre is just one stop away on the Metro.&nbsp;

<h2>Project: The Rothschild</h2>

<h2>Suburb: Rosebery</h2>

In Rosebery, The Rothschild stands as a lifestyle-led precinct. Architecturally re-designed to house 176 apartments across two buildings on Rothschild and Mentmore Avenues, The Rothschild emanates European influences.

The Candelapas-designed residences offer purposeful design features such as two levels of basement parking, multiple outdoor areas, a communal music room, and ground-level retail.

The courtyard, inspired by the French Hotel Beauvais, creates a communal oasis with its skilfully landscaped space and central olive grove. Residents can relax, interact, and play in the burgeoning area.

With convenient access to amenities like rooftop and courtyard spaces, a ground-level restaurant and café, East Village Shopping, Woolworths Metro Rosebery, and Wholefoods House, The Rothschild offers a truly enriched living experience.

<h2>Project: The Ashford</h2>

<h2>Suburb: Castle Hill</h2>

The Ashford in Castle Hill is the flagship residential development within the Showground Metro precinct. Presenting 272 one, two, and three-bedroom apartments, The Ashford epitomises aspirational living without the expected price tag.

Its prime location, just a short walk from Showground Metro station, provides unparalleled connectivity and convenience. Castle Hill, with its abundance of amenities, has become one of Sydney's most sought-after regions.

The Showground precinct, anchored by a civic plaza and boasting vast green spaces, offers a healthier and more active lifestyle for residents. Future plans for the precinct include retail stores, a supermarket, a sports facility, events spaces, a community center, and a community garden.

Since its inception in 1999, they've delivered over 10,000 homes across 40 suburbs, from Redfern to Rouse Hill and Arncliffe to Ashfield

Deicorp's top four Sydney off the plan apartment developments for sale in August

Mike Bird: We're here at the Hyde Metropolitan by Deicorp. I'm here with CBRE managing director for CBRE Residential Projects, Dave Milton. Well, look, we're doing something a bit different today, we've taken requests from buyers in terms of the hard questions that they want to know about the project, so we're going to ask you those and really provide them the opportunity to kind of have a real good look at what are the drivers, what are the things that they should be thinking about. So we'll get started, yeah?

David Milton: Definitely. You are aware I'm a little bit biased because I think this will be one of the preeminent Sydney residential development on this southern end of Hyde Park in the future.

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MB: So, for those buyers that are thinking about right now, should they buy an established apartment maybe in the broader area, you know, what would you say to them as the kind of advantage of this project as opposed to that?

DM: Well, I think there's a lot of advantages to this project in the design, style, the apartments, and the views. But it often comes down to the buyer, whether they're needing to move now or it's a future move. New design often brings better design, new initiatives, better IT, better security, more functionality.

And, you know, I'd say to a lot of buyers, if you're going to be living in the city for some time, waiting a small time to get what you want is really more often worth it than compromising on a decision to buy now.

[smartcode_project:default project_id=21809 project_image_fid=215728]

MB: And so with that in mind, we look back over the past couple years, it's been a bit of a rocky time for the property market from a pricing standpoint. You know, what would you say to buyers that are thinking about that, uncertain about the interest rates and looking forward?

DM: In terms of the opportunity now, I think we're starting to see change in the market already. We're set by sentiment. You know, we've had all the banks out forecasting price growth, which is in a real turnaround. And I'll say all property pundits and researchers saying the market's changing.

We've got an acute shortage of property. Building costs have risen substantially and still rising, and that hasn't fed through yet into asking prices. So if you sort of said, "What's the time to buy?" It probably is right now, where interest rates are nearly at their peak or at their peak predicted. Then to follow a stabilization, they'll come down. Building prices will continue to rise, and today you can, if you're bought here, you're locking in on today's price, and you're not settling for three and a half years, four years. So the market in four years is going to be very different, particularly with 975,000 new immigrants expected to arrive in that time in Australia.

MB: It's a crazy amount of people coming into the country. Clearly, we've got a supply shortage with not enough projects coming to market.

DM: An enormous supply, like all the stats are, I don't know where people are going to be housed, and there's a big push back to city living. People want the convenience. And so you're starting to see the market where we're getting more and more demand in areas where really, where there's very tight supply.

[smartcode_project:default project_id=21809 project_image_fid=215729]

MB: The obviously the project is high spec, high-end design, all the rest of it, but Liverpool Street isn't often known as kind of one of those real prestigious streets. You know, what do you think about that?

DM: I think it's overlooked there, and I think it is really a prestigious address. You've got Tech Central now with the development of the Atlassian building and a lot of other high-rise commercial that's going to go in there. That's over 20 hectares being developed there, and that's a few hundred meters away. You're right, you're very close to the city center, David Jones Center, shopping center, but you're on Hyde Park. And if you look at Liverpool Street and the developments, the residential developments that have taken place, they're the most tightly held, and buyers love it here.

We've had buyers that we originally sold to in the residence buy in here. We've had buyers that have bought in here that are renting next door. And without a doubt, it will become a more and more prestigious address and more tightly held.

MB: With the park, obviously, like a huge value add for the project overall, you know, if I was a buyer, one of the things I'd be worried about is getting my view blocked out over time. You know, what would you say to a buyer who also shares my concern with that?

DM: That's one of the beauties of this site. There's the high plain of Elizabeth Street, which is where this building looks over, is governed by the sun plane, allowing winter sun onto the park. So it's not an arbitrary council control. It's locked in stone. So as the sun starts to set in the east, it'll change. But while the sun sets in the west, that is the high plane locked in.

[smartcode_project:default project_id=21809 project_image_fid=215730]

MB: How does that work? So the government, the council can't change the rules. Why would they make it like that?

DM: Well, you want the sun on Hyde Park, so the grass grows. Fair enough. You know, that's why it is. It's about amenity, and what happens in most councils, buildings can't be overshadowing parks because it takes away from the amenity and the ability for the park to survive.

I might also add there's going to be a further shortage of residential accommodation in the city, and this is one of the last developments we approved under the previous planning codes. Council has now put in place controls restricting or reducing the buildable area on sites where they're residential sites. So basically, proving up the value as commercial use is not residential. So what it means is when developers are looking at sites, there'll be more commercial buildings and less residential.

MB: If it was one of your family members looking to buy and downsizing into an apartment, looking to buy it off the plan, what would you say to them and what tips would you give them?

DM: It's a really great question because you talk about downsizers and the words now moved to empty nesters and right-sizers. So often what we're getting is people moving out of their family home, wanting a large apartment that replicates a lot of their lifestyle within that home but without the maintenance and with more convenience. So you've got downsizers moving into something smaller.

And so often, they think about what's the critical things that they need. They're often looking to save some money to invest somewhere else, buy a country farm or a coastal property. You've got right-sizers that are saying, "Well, we like the size of our house, and we want that type of space." So they look at larger apartments.

You've got retirees again with different needs. I think developers are so much more aware of the nuances of the different markets that they're providing all of the needs those buyers want, like additional storage, larger rooms. Apartments that were previously often criticized for being small or not being adequate in what they provide for a homeowner, we've now got generous robes, larger bathrooms, kitchens that are really functional.

A number of apartments will have a Butler's kitchen. So there's been enormous more focus on design to meet that market's requirements. And then they buy. What they should be doing is doing research on who the developer is&nbsp;

[smartcode_project:default project_id=21809 project_image_fid=215731]

In terms of investors, we emphasize the importance of researching the developer's track record and their capacity to deliver on their promises. We advise investors to look into the developer's past experience, their capability, and whether they have built similar projects before. This information should be readily available and easily accessible. If a developer cannot provide this information, it's advisable to be cautious and wary.

For investors, similar to owner-occupiers, it's essential to consider the same factors such as the developer's track record, their capacity to deliver, and the quality of the apartment. In addition to these factors, investors should also focus on the proximity of the property to good transport solutions. Properties near convenient transportation options tend to have higher rental returns and attract tenants more easily.

It's important for investors to understand that the best time to buy is often now. There is a shortage of available properties, and building costs have increased substantially, which will eventually impact sale prices. Moreover, with a significant influx of immigrants expected and predicted decline in interest rates, buying now can lead to higher rental returns in the future and allow investors to enter the market before prices rise further.

Overall, investors should conduct thorough research on the developer, consider the property's location and convenience, and take advantage of the current market conditions to make informed investment decisions.

[smartcode_project_cta:default project_id=21809]

"This will be one of the preeminent Sydney residential development on this southern end of Hyde Park." 
Urban CEO Mike Bird & CBRE's David Milton discuss Hyde Metropolitan, Sydney's newest landmark tower.

Why should you buy a new apartment at Sydney's Hyde Metropolitan?

Prominent Sydney developer Deicorp has revealed its plans for the new Melrose Town Centre, turning the 55 hectare patch of dirt just outside of Parramatta into a fully mixed-use community.

[smartcode_project:default project_id=134220]

Deicorp, who are teaming up with fellow developer PAYCE on the huge $700 million project, engaged Turner Architects to draw up the plans, which will see 494 apartments built across six buildings, as well as commercial, retail, child care centre, and medical premises in the podiums.

<img alt="Melrose Town Centre" data-entity-type="file" data-entity-uuid="6a720327-7954-4bf8-95f9-ea96240323c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-05%20at%204.44.10%20pm.png?VersionId=KEgFc_dQC3Hi6O8xTHfC4Sjnf0tsaZOy" />

Stage one will see the five-level podium constructed, as well as three of the buildings. They will rise six, 15, and 24 levels, with the same heights planned for the other three buildings.

Two-bedroom apartments were the preferred configuration, making up around 70 per cent of the apartments on offer. There will be 346 two-beds, 94 one-bed apartments, and 54 three-bedroom units.&nbsp;

<img alt="Melrose Town Centre" data-entity-type="file" data-entity-uuid="689cd0d9-c73f-4d83-b76d-aa85d95120d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-05%20at%204.44.24%20pm.png?VersionId=eB2TlYWoL7uHp..Wlw99FOfSruWSg_GM" />

Transport links will be prominent, with the Town Centre set to have its own station as part of the Parramatta Light Rail link.

The precinct is divided into northern and southern parts, with Hope Street dividing the two. The northern part is bound by Victoria Road to the north, Wharf Road to the east, Hope Street to the south and Hughes Avenue to the west.&nbsp;

<img alt="Melrose Town Centre" data-entity-type="file" data-entity-uuid="acbf9f03-a122-47fd-9232-186b59fd9426" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-05%20at%204.44.33%20pm.png?VersionId=rttcf_snXnvS92VFXWZxIf0Z6zra1ntj" />

The southern part is approximately 20 ha in size and is bound by Hope Street to the north, Wharf Road to the east, Parramatta River to the south, and Atkins Road to the west.

Planning for Melrose Town Centre has been six years in the making, with initial planning discussions kicking off back in 2016.

[smartcode_project_cta:default project_id=134220]

Deicorp, who are teaming up with fellow developer PAYCE on the huge $700 million project, engaged Turner Architects to draw up the plans

Deicorp and PAYCE's Melrose Town Centre plans revealed

Deicorp is set to build a mixed-use tower, with luxury apartments in a slim 61-storey tower in the Sydney CBD.

The site was bought from the Catholic Archdiocese of Sydney,&nbsp;following a six-month competitive process.

The site of the Polding Centre has a Brutalist-style building in Liverpool Street designed by Smith Jesse Payne and Hunt.

The existing late 1970s office tower at 133-141 Liverpool Street comes with approval for a 234m tower with a mixture of residential and office use.

Deicorp will conduct a design excellence process to select an architect during stage two of its approval process.

The Archdiocese had proposed the residential tower above an eight-storey commercial podium, with ground-level retail and residential and commercial lobbies, and parking.

The sale price has not been revealed although The Australian reported developers had chased the site offering more than $200 million.

The Archdiocese had proposed the residential tower above an eight-storey commercial podium, with ground-level retail and residential and commercial lobbies, and parking beneath.

Deicorp&rsquo;s Executive Manager &ndash; Corporate Communications, Rob Furolo, said the Sydney developer was delighted with the Archdiocese&rsquo;s decision but that the real work was still to come.

&ldquo;We are obviously delighted to be selected by the Archdiocese for such a prestigious project, especially given the calibre of other businesses vying the job.&rdquo; Furolo said

&ldquo;But we are now focused on delivering a stunning new landmark building that does justice to its fantastic location and achieving the best outcomes for the Archdiocese and the community.&rdquo;

&ldquo;Securing the development rights is a really only the first step in the delivery of this project,&quot; Furolo added.

&quot;The entire Deicorp team is now focused on delivering a world-class building for Sydney by working with some of Australia&rsquo;s and the world&rsquo;s most talented architects.&rdquo;

A design excellence process will now select an architect

jchancellor-FAypfDUnLy

Deicorp secure Polding Centre, Sydney apartment development site

Having recently received the green light to go ahead with their massive State Significant Development mixed-use precinct in&nbsp;Tallawong, the Sydney developer Deicorp has submitted plans for&nbsp;its next project.

They&#39;re set to develop&nbsp;four towers in the heart of&nbsp;Castle Hill, to be known as the Doran Drive Precinct at Sydney Metro&#39;s Showground Station.

There will be 431 apartments across the four towers, which range in height up to 20 storeys. The towers, designed by Turner Studio, will include a two to four-level podium which will home nearly 11,000 sqm of retail and commercial space.

The $445 million proposal is based on the concept approval&nbsp;for the Hills Showground Station Precinct, which was approved by the NSW Minister for Planning and Public Spaces earlier this year.

<img alt="" height="693" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/deicorp_castle_hill_2._jpg.jpg" width="1375" />

The Doran Drive Precinct application is part of Deicorp&rsquo;s commitment to the fast-growing Northwest, and contributes to their $1.7 billion of projects approved, under construction or under assessment in the region.

The site&rsquo;s location being within 50 metres of the Metro station is consistent with the development Deicorp philosophy, which targets transport connectedness and convenience for every project.

Every one of Deicorp&#39;s developments over the last 10 years has been an average of no more than 250 metres from the nearest train station.

Deicorp&#39;s Executive Corporate Manager Rob Furolo said it is&nbsp;a deliberate strategy for Deicorp to deliver convenience and investment security for every purchaser.

Read more: <a href="/news/nsw/deicorp-secure-approval-for-tallawong-village-with-nearly-1-000-affordable-apartments">Deicorp&nbsp;secure approval for Tallawong Village with nearly 1,000 affordable apartments</a>

Deicorp&rsquo;s Doran Drive Precinct application is their second Landcom/Sydney Metro site. The application&nbsp;proposes a full-line supermarket as part of the 11,000 sqm retail and commercial area, and will deliver a new publicly accessible Plaza on Doran Drive and activate the frontages to Mandala Parade, Andalusian Way and De Clambe Drive.

&ldquo;The Northwest region is delivering strong growth in employment, with an increasing professional workforce wanting to live in the area. Combined with a world-leading metro that links people with major tertiary education and employment centres, the region will continue to see buyer interest.&rdquo; Furolo said.

Deicorp expects the convenience and location of the apartments will make them popular with young families and first-home buyers who have a connection with The Hills but can&rsquo;t afford to buy a house.

&ldquo;Modern, well-built apartments that offer convenience and connection to transport and lifestyle options offer a real alternative for young families and couples who want to get into the housing market.&rdquo; Furolo added.

&ldquo;With cafes, shopping and a supermarket<s>,</s> and the metro across the road, our Doran Drive Precinct project will deliver all the convenience young families and downsizers are looking for in a highly-desirable area.&rdquo;

They're set to develop four towers in the heart of Castle Hill, to be known as the Doran Drive Precinct at Sydney Metro's Showground Station

Deicorp set for mixed-use village in Castle Hill with over 400 apartments

The Sydney construction and development firm Deicorp has been given the green-light for its largest ever project.

They&#39;ve secured approval for the new Tallawong Village, located in Sydney&#39;s Hills District near Rouse Hill.

The NSW Department of Planning, Industry and Environment issued consent for the State Significant Project following an extensive assessment process involving Landcom, Sydney Metro, and Blacktown Council.

The consent covers both stages of the project, and permits work to commence on Stage 1.

The site is located immediately adjacent to the Metro Station at Tallawong,&nbsp;a staple of Deicorp&#39;s projects to be well-connected to transport.

[smartcode_project:default project_id=106821 project_image_fid=169999]

Stage 1 will see 333 residential apartments constructed across five buildings, each with a maximum height of eight storeys. There will&nbsp;also be&nbsp;9,000 sqm&nbsp;of retail and a 3,400 sqm&nbsp;publicly accessible park as part of the first stage.

Stage 2 will see a further 654 apartments constructed, taking to total apartments in Tallawong Village to just under 1,000

Construction is expected to commence in August, with completion scheduled for the final quarter of 2023.

Fouad Deiri OAM, chairman of Deicorp,&nbsp;said that he was very pleased that work could commence on this major project.

&ldquo;The development and construction industries play a critical role in delivering the homes Sydney-siders desperately need and want, and in the process, employ tens of thousands of people to build them.&rdquo; Deiri said.

[smartcode_project:default project_id=106821 project_image_fid=169998]

&ldquo;And projects like Tallawong Village give first-home buyers and young families high-quality, well-located and affordable homes in popular and growing parts of Sydney.

&ldquo;This approval will see the creation of an exciting new village that&rsquo;s close to great jobs and outstanding transport infrastructure. Deicorp is delighted to provide convenience, quality and affordability for buyers in the Sydney property market.

The Tallawong Village project adds to Deicorp&rsquo;s substantial pipeline of projects in the Northwest, with apartments under currently under construction, about to start or with approval pending, totalling over 2,000 apartments.

&ldquo;Between this approval in Tallawong, our soon to start project in Castle Hill, our Proximity project in Rouse Hill and our planned mixed-use project at Showground, we are committed to Sydney&rsquo;s exciting and fast-growing Northwest.&quot;

The submission lodged by Deicorp included significant sustainability initiatives, including roof top solar to reduce the operating costs for future residents and make a tangible reduction in energy consumption. The project is expected to deliver 1,500 jobs across the construction program, and approximately 200 permanent jobs when completed.

Stage 1 will see 333 residential apartments constructed across five buildings, each with a maximum height of eight storeys

Deicorp secure approval for Tallawong Village with nearly 1,000 affordable apartments

The Polish community has long been associated with the inner-west Sydney suburb of Ashfield, going back to the end of the second world war, shortly after the Polish settlers arrived.

Over the years, The Polish Club has evolved and has become a landmark in the area on its Norton Street site.

Now Deicorp, in partnership with the Polish Club, will transform the site in to a mixed-use precinct with a brand new&nbsp;club which will cover more than 1,800 sqm and will home a number of bars, restaurants,&nbsp;a meeting room and facilities for club members.

The residential component will be known as The Anders, and will comprise 88 apartments designed by Nordon Jago.

The Anders is&nbsp;named after Polish General Władysław&nbsp;Anders, who was a prominent military leader in the Polish army during the Second World War.

[smartcode_project:default project_id=90405 project_image_fid=162043]

Deicorp&#39;s Robert Furolo says there will be interest from two broad groups, people for whom Ashfield is a priority, and people who want to live the inner-west lifestyle.

&quot;It&#39;s an accessible entry point for those who many not be able to find something in Stanmore or Petersham,&quot; Furolo suggested.

Furolo says there&#39;s not a lot of competition around Ashfield.

&quot;The Anders presents a good and rare opportunity to secure an apartment in a new building so close to the town centre.&quot;

Deicorp&rsquo;s founder and managing director&nbsp;Fouad Deiri said how proud he was that Deicorp was a trusted partner of so many community clubs and was able to help them deliver the facilities they couldn&rsquo;t deliver by themselves.

&ldquo;We are very excited about this partnership with the Polish Club of Ashfield and we&rsquo;re looking forward to delivering another outstanding result for a great community organisation.&rdquo; Deicorp&rsquo;s managing director Fouad Deiri said.

&ldquo;This project will provide great new facility for the Polish community as well as a beautiful residential apartment with all the benefits of Sydney&rsquo;s Inner West lifestyle.&rdquo; Mr Deiri added.

About the developer

This project takes to nearly 2,000 the number of apartments currently under construction by Deicorp across Sydney and continues the company&rsquo;s focus on transport-connected developments.

Founded in 1999.&nbsp;Deicorp first entered the Sydney development scene in&nbsp;Newtown with a three&nbsp;storey residential development. Since then they&#39;ve delivered over 8,000 apartments,&nbsp;150,000 sqm of retail and commercial suites and has over $2.5 billion of work in the pipeline.

Deicorp <a href="/news/nsw/deicorp-top-out-westmead-project-highline">recently&nbsp;topped out Highline</a>, the first stage of their&nbsp;Greater Western Sydney project Westmead Rise.

The residential component of the redevelopment will be known as The Anders, and will comprise 88 apartments designed by Nordon Jago.


Deicorp start constructing The Anders apartments, part of mixed-use Ashfield development

The Sydney developer Deicorp have topped out Highline, the first stage of their&nbsp;Greater Western Sydney project Westmead Rise.

Highline,&nbsp;inspired by&nbsp;New York&#39;s famous 1.45-mile-long elevated linear park The High Line, has been designed by the multi-award winning architects Turner Studio.

There will be 556 studio, one, two and three bedrooms across the five buildings. Residents are expected to move in by August.

There&#39;s been a strong uptake so far from staff from the local Westmead hospital, as well as those keen on the new transport infrastructure in construction neatby.

First home buyers have also shown interest, trying to get the foot on the ladder.&nbsp;

Deicorp&rsquo;s founder and managing director Fouad Deiri said Highline is&nbsp;the best-connected project ever built by Deicorp.

&ldquo;To be on the doorstep of the new Light Rail, the existing Westmead Train Station and the new Metro Station will ensure this project is hugely popular,&quot; Deiri said.

&quot;Combine this convenience with being right in the heart of the biggest medical, health and education precinct in Australia,&nbsp;and Highline will be sought after for years to come.&rdquo;

[smartcode_project:default project_id=6114 project_image_fid=48464]

Turner Studio said Highline&nbsp;looks at providing a mix of architectural styles to the precinct allowing for a varied street scape.

&quot;The design of each building maximise views and outlook, to either the adjacent Lot 1 heritage building and associated lawns, the reserve between Lots 4 &amp; 5, and the substantial district views towards Parramatta CBD to the east and the Blue Mountains to the west,&quot; Turner Studio advise on their website.

The one bedroom apartments are priced from $545,000, two bedders from $690,000 and three bedroom apartments from $1,035,000.

[smartcode_project:default project_id=6114 project_image_fid=48468]

Each will have kitchen featuring stone benchtops and will be kitted out with Smeg appliances.

Most apartments will have a study or a multi-purpose room.

Highline will feature resort-style&nbsp;facilities including a pool with sundecks and cabanas, barbecue and dining area and a function room.

[smartcode_project:default project_id=6114 project_image_fid=48473]

The masterplanned Westmead Rise community will have 10 residential buildings when completed with over 900 apartments.&nbsp;

About the developer

Founded in 1999.&nbsp;Deicorp first entered the Sydney development scene in&nbsp;Newtown with a three&nbsp;storey residential development. Since then they&#39;ve delivered over 8,000 apartments,&nbsp;150,000 sqm of retail and commercial suites and has over $2.5 billion of work in the pipeline.

There will be 556 studio, one, two and three bedrooms across the five buildings

Deicorp

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