Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

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The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

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“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

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Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

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&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

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Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

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Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

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Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

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Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

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The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

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Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

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The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

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“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

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There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

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Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

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The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

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Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

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;

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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.

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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;

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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.

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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

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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.

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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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