The sought-after Latent Defects Insurance policy, offering off the plan apartment buyers peace of mind for 10 years post-completion, has made its way to Sydney’s harbourside. Boutique developer <a href="https://www.apartments.com.au/developers/toohey-miller">Toohey Miller</a> has secured this insurance for its newly launched Elizabeth Bay development, <a href="https://www.apartments.com.au/new-apartments/barncleuth-square-elizabeth-bay-4-4a-barncleuth-square-elizabeth-bay-nsw-2011">Barncleuth</a>. This marks the developer’s second project in the area, following the success of No. 1 Onslow Place.

Latent Defects Insurance, offered by <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Resilience Insurance</a>, provides cover for structural or waterproofing defects in new apartment buildings. It is a policy that only the developer or builder can take out, not the apartment purchaser.

Located just&nbsp;off Macleay Street, one of Sydney’s most desirable high streets, Barncleuth offers a rare collection of only 10 residences. With just two per floor, each oversized floorplan has been designed by SJB specifically for the owner-occupier.

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The five-storey building captures views over Rushcutters Bay and Paddington, blending contemporary brickwork with the expressive silhouettes of its Art Deco neighbours.

Inside, the residences, designed by David Hicks, prioritise generous scale and enduring quality, with a mix of two- and three-bedroom layouts. Expansive terraces and cross-ventilated interiors maximise light and airflow, while sustainable features such as a green roof and locally sourced materials reflect SJB’s commitment to long-term liveability.

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Developer Toohey Miller, led by Nick Couloumbis, says the design aims to bring lasting quality to an area long celebrated for its apartment heritage.

"It's a stone's throw from the best restaurants in Sydney. Some people call it the Soho of Sydney," Couloumbis told Apartments.com.au when the project was approved.

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By securing <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Resilience Latent Defects Insurance</a>, Barncleuth joins a growing group of premium Sydney projects adopting the gold standard in building protection.&nbsp;

The cover, provided before construction begins, ensures any hidden structural or waterproofing defects are repaired immediately, without lengthy litigation or fault disputes.

Resilience Insurance CEO Corey Nugent said the product has been a catalyst for renewed confidence in the off the plan market.&nbsp;

“Ultimately what we’re trying to do is build better buildings consumers can trust. When buyers take possession, they have full insurance protection from day one, for 10 years,” Nugent explained.

Unlike traditional policies such as strata or construction insurance, Resilience LDI is a first-resort, strict liability policy, meaning repairs are covered immediately without needing to prove negligence. Coverage extends to foundations, load-bearing walls, and waterproofing, the elements most critical to long-term structural integrity.

Regarded construction firm Jasara has been appointed to deliver Barncleuth. They are forecasting an early 2027 completion.

[smartcode_project_cta:default project_id=140184]

Joel Robinson

Toohey Miller brings 10-year Latent Defects Insurance to Elizabeth Bay as Barncleuth apartments launch

<a href="https://www.apartments.com.au/developers/golden-sedayu">Golden Sedayu</a> has unveiled plans for the next phase of its landmark $4 billion <a href="https://www.apartments.com.au/new-townhouses/burswood-point-saintly-entrance-burswood-wa-6100">Burswood Point</a> project, just 3.5km from the Perth CBD at the Belmont Racecourse site.

The Local Development Plan Application has been lodged for a world-class mixed-use hub (Precinct B) on the previously untouched 2.5km stretch of Swan River foreshore.

Designed by Skidmore, Owings &amp; Merrill (SOM), recognised for their work on the world’s tallest skyscraper, Burj Khalifa in Dubai and the One World Trade Centre in New York, Precinct B will feature 15 buildings, offering a mix of residential and commercial spaces including a shopping centre up to 30,000 sqm in size.

Complementing this, an internationally acclaimed five-star hotel, and a high-end pedestrian-friendly retail boulevard with vibrant day-and-night retail, dining, and entertainment venues, will provide exciting new ways for Perth residents to connect with the riverfront.

This latest milestone signals continued construction and expansion momentum across Perth’s premier riverfront community, which is set to attract local, national and international visitors.

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The masterplan features 110,000 sqm of public open space, which is comparable to other Perth landmarks including inner-city Langley Park and South Perth foreshore. The riverside precinct will be brought to life through a visionary landscape concept by globally renowned architectural practice Grant Associates.

With an impressive international portfolio, including Gardens by the Bay and Funan Mall in Singapore and Barangaroo South in Sydney, the firm brings expertise in creating environments that harmonise with surrounding amenity.

At 38 hectares, Burswood Point is one of the largest urban development projects ever undertaken in Australia, and one of Perth’s most transformative mixed-use developments.

Golden Sedayu Managing Director Andrew Sugiaputra said the company was working closely with SOM, Grant Associates and the Government of Western Australia to ensure Burswood Point’s design responds sensitively to its surroundings, reflecting and enhancing the character, history, and natural features of the local environment.

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“West Australians enjoy a privileged outdoor lifestyle and the Swan River is central to their enjoyment,"&nbsp;Sugiaputra said.

"We’re proud to be creating something truly spectacular and unique for the city, a place that feels alive from sunrise to sunset, a place where people can stay, shop, dine, and celebrate life on the river."

Precinct B builds on the outstanding success of Burswood Point’s first residential stage, which has been met with exceptional market demand. Somerset Residences, a two- tower luxury apartment development, and the exclusive riverfront homes collection are under construction and selling fast. As the number of Perth houses listed for sale remain at or near record lows, Burswood Point will deliver 4,500 new homes over the next 10 years.

“Golden Sedayu is dedicated to delivering on our promises,"&nbsp;Sugiaputra added.

"Our clients can buy with confidence, knowing that the price is fixed throughout construction. In an industry that has faced challenging market conditions, we’re proud to provide our clients complete peace of mind and confidence in the value of their investment."

&nbsp;

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Golden Sedayu reveals next 15 buildings in Perth's $4 billion Burswood Point precinct

Rising at the base of The Remarkables,&nbsp;diversified New Zealand developer&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>'s Mountain Oak Apartments presents a foothold in Frankton, one of Queenstown’s most dynamic and fast-growing locales.&nbsp;

Surrounded by soaring alpine scenery and year-round tourism drawcards, Mountain Oak Apartments is a masterplanned precinct that perfectly balances accessibility with lifestyle amenity.

<img alt="Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Frankton has emerged as a strategic growth zone just seven kilometres from Queenstown’s CBD, popular among both residents and investors for its proximity to the airport, the region’s two premier ski fields, Coronet Peak and Cardrona Alpine Resort, and an expanding network of shops, services, and recreation options. The apartments enjoy immediate access to the popular Market Street dining hub, as well as Five Mile Shopping Centre and the seasonal Remarkables Market, where locals gather for fresh produce and artisan goods.

The location also places residents near the gateway to South Island adventures. Scenic trails, golf courses, and Lake Wakatipu’s edge are within easy reach, while the historic village of Arrowtown, renowned for its preserved gold rush-era charm and walking routes, is a short drive away. Local transport connectivity is supported by the nearby airport and arterial roads, ideal for frequent travellers and short-term guests alike.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Tourism-driven demand underpins strong investment fundamentals in Queenstown, with a noted shortage of short- and long-term accommodation stock. Mountain Oak’s 365-day visitor accommodation consent directly addresses this need, offering a rare opportunity to serve Queenstown’s dual population of holidaymakers and hospitality workers.

Construction of the 141 residences began in June 2025, with completion anticipated by mid-2027. Apartments range from one-bedroom to penthouses, with pricing from NZ$639,000. Dual-key options and low-maintenance finishes support a flexible rental model with strong gross return potential.

Staff Writer

From slopes to markets: Mountain Oak connects residents to the best of Queenstown

Deicorp is doubling down in the Hills Showground Station Precinct, the rapidly growing area surrounding the Castle Hill Metro and one of the state’s largest transit-oriented urban renewal sites.

Having launched Hills Showground Village several years ago, and now about 70 per cent through its build, Deicorp has brought another mini-masterplan to market just a few streets away.

The developer has now released the first of 873 residences in <a href="https://www.apartments.com.au/new-apartments/showground-pavilions-castle-hill-3-andalusian-way-castle-hill-nsw-2154">Showground Pavilions</a>, five new buildings located just 500 metres from the Metro, which connects Castle Hill residents to Martin Place in around 37 minutes.

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The mix includes one, two, and three-bedroom apartments, as well as a limited release of garden terrace homes with studies.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/turner-studio">Turner Studio</a> and <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a>, the residences are configured around a network of landscaped courtyards and podium-level gardens, with additional rooftop terraces offering views across the district.&nbsp;Communal amenities include a 3,500 sqm public park, playgrounds, shaded seating areas and walking and cycling paths.

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Interiors feature flexible layouts with oversized living areas, deep balconies, SMEG kitchen appliances and floor-to-ceiling glass to maximise light and airflow.&nbsp;

Many apartments include a study space, while select residences offer private outdoor areas. A total of 44 apartments have been designated as affordable housing for key workers, such as nurses, teachers and police officers.

&nbsp;

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On top of its strong connectivity to the city, Deicorp has delivered significant new amenity to the area. The developer recently opened the 9,500sqm, four-level retail precinct at Hills Showground Village, which includes 26 specialty retailers and a 1,400sqm public plaza, creating a new community hub for shopping, dining, fitness, and everyday convenience. Castle Towers, one of Australia’s largest shopping centres, is also just one Metro stop away.

Between Hills Showground Village and Showground Pavilions, Deicorp is delivering more than 1,300 new homes to the rapidly growing Castle Hill precinct, representing a $2 billion investment in the suburb.

Showground Pavilions is one of several Metro-linked projects in Deicorp’s pipeline, joining developments at Tallawong Village, Zetland, Five Dock, Macquarie Park and Crows Nest.

[smartcode_project_cta:default project_id=150067]

Deicorp expands Castle Hill footprint with Showground Pavilions launch

The completion of Melrose Park Village marks a significant achievement in the evolution of one of Sydney’s largest urban renewal projects, developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>.&nbsp;

Located in the city’s north-west, <a href="https://www.apartments.com.au/new-apartments/melrose-park-village-2a-2f-appleroth-street-nsw-2114">Melrose Park Village</a> represents the fourth completed stage in the broader $5 billion Melrose Park masterplan, which will ultimately bring over 6,000 new homes, a town centre, new schools and 52,000 sqm of green open space.

The completion of Melrose Park Village delivers 421 apartments across six buildings ranging from six to thirteen storeys, all centred around a 4,000 sqm landscaped courtyard designed as a communal “urban backyard” for residents.&nbsp;

The project is now 96 per cent sold, with 14 premium three-bedroom apartments remaining in the final building. Each offers two car spaces with prices starting from $1.259 million.

Alex Grujovski, Project Director, Apartment &amp; Mixed-Use Developments, said “Sekisui House Australia is proud to celebrate the completion of Melrose Park Village, which stands as a sustainable and connected community in the heart of Sydney’s north-west.&nbsp;

“This project represents a pivotal step in our long-term vision for <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>, reflecting our commitment to creating communities that blend nature, technology and human connection. Since 2020, we have delivered over 1,075 apartments across four stages, each designed to enhance wellbeing, connectivity and convenience through exceptional architecture and resident-focused amenities.”

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Residents benefit from an array of lifestyle facilities including a 4,000 sqm internal park, rooftop gardens and BBQ areas, wellness amenities such as an infrared sauna, yoga studio and gymnasium, plus co-working spaces, pet wash facilities, EV charging stations and a resident shuttle bus.&nbsp;

Sustainability remains at the core of the precinct with rooftop solar, smart energy meters, air and water filtration systems and groundwater reuse technology supporting efficient resource use.

Melrose Park Village was designed by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, who have led the design of the broader Melrose Park masterplan since inception, developing architectural principles that continue to guide the precinct’s evolution.

Michael Heenan, Design Lead at AJC Architects said the design is completely generated by AJC’s Urban Backyard concept.

"At the heart of Melrose Park Village is a generous green courtyard, a shared backyard for all residents. We designed it at the scale of a local park, a place for families to live, play and grow, capturing the spirit of the Australian backyard.”

The courtyard features nature play areas, a climbing wall and open lawns for social and recreational use. Heenan added that the team’s approach to smart city design, carbon capture and sustainability guided every aspect of the project.&nbsp;

“Stage 4 reflects our belief that density can improve liveability. By integrating architecture, landscape and open space, we have created a model for sustainable urban living that feels contemporary and distinctly Australian.”

&nbsp;

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&nbsp;

Melrose Park Village was delivered in partnership with <a href="https://www.apartments.com.au/builders/parkview">Parkview Constructions</a>, a trusted builder with whom Sekisui House Australia has delivered thousands of apartments across Sydney over the past 15 years.&nbsp;

Upon completion, Melrose Park will deliver more than 6,000 dwellings, 52,000 sqm of open green space featuring over 1,400 mature trees, new transport connections, a town centre set to open in 2026 and Melrose Park High School which is currently under construction and due to open in Term 1 2027.&nbsp;

This milestone marks another major step towards realising Sekisui House Australia’s vision to transform a former industrial site into a future-ready neighbourhood for over 12,000 residents.

[smartcode_project_cta:default project_id=150065]

Completion of Melrose Park Village marks a major step forward in $5 billion masterplan

Newcastle

Sam Arnaout’s Iris Capital is set to fast-track development of the final stages of its $1 billion East End Village in Newcastle after securing $50 million in sales just a month into their launch.

The rich lister is aiming to start construction of stages three and four of the transformational development by the end of this year following the massive sales run that has been led by local buyers.

“The market response to our final release of apartments has been exceptional and we will begin construction as soon as final approvals have been granted,” said Arnaout.

<img alt="Render of the final East End stage in Newcastle" data-entity-type="file" data-entity-uuid="66cdd2cc-c38c-4a88-b318-b23cc700aaf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EE_S3_S4_Cam09B_FINAL.jpg?VersionId=TfiV3Zq550nZ7EUsXrSkHFOBXAAQZjY_" />Render of the final East End stage in Newcastle

“We entered the Newcastle market with confidence when we took on the East End Village development in 2016, and that confidence has never waned. The infrastructure spent over recent years to transform the city have made Newcastle CBD one of the most sought-after addresses for locals as well as buyers from Sydney.”

Project marketers Urban Activation, led by Matt George, was appointed in early March to oversee marketing and sales of the East End Village with the team for the $450 million final stages.

“Our team hit the ground running with the latest release of apartments which offer buyers the last chance to be a part of the most significant urban renewal development ever undertaken in Newcastle,” George said.

“Our team has been inundated with inquiries from buyers, most of them locals, as demand for inner-city living in Newcastle continues to firm in the current market. Buyers are looking for premium residences with urban amenities right at their doorstep.

“The sales already achieved by our team support our longer-term view that Newcastle and the Hunter Valley are among the strongest residential property markets in Australia at the moment.”

<img alt="Render of the Newcastle project East End" data-entity-type="file" data-entity-uuid="15f79f65-9643-4f6f-b248-fa64145bc171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EE_S3_S4_Cam03A_FINAL.jpg?VersionId=g1DuBHs_YcGgIPYiRYKEb8_b6s0x6q_m" />Render of the Newcastle project East End.

Iris Capital’s vision for East End Village spans twelve new buildings over four blocks in the Newcastle CBD, including the sold out first stage comprising the historic Fabric House, Washington House, and Perkins &amp; King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.

The final two stages are a collaboration between three architectural firms, SJB, DBJ and Curious Practice, all of which won a design competition for the best achieved design excellence amongst their peers.

One-bedroom residences in the final stages of East End Village are priced from $750,000, while two-bedroom offerings are priced from $1.15 million and three-bedrooms from $2.75 million.

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alisonwarters@gmail.com

Iris Capital secure $50m sales blitz in a month for final Newcastle East End stages

Iris Capital, headed by developer and rich lister Sam Arnaout, is gearing up to launch the third and fourth stages of their multi-award winning $1 billion East End Village project in Newcastle.

The first two stages of East End Village have sold out, with construction of the second stage approaching completion of what will become the city's biggest rejuvenation project.

Urban Activation will oversee the marketing and sales of the $450 million final stages of East End Village.

Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development.

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“Stage three and four represent the final release of East End Village and will feature the most luxurious penthouses yet,” George said.

“The open floorplans unfold onto a private balcony towards one of Newcastle’s many sights including the harbour foreshore, ocean horizon, or verdant hilltop grounds of Christ Church Cathedral."

On the wider development, George says&nbsp;East End Village has been one of the most significant urban renewal developments ever undertaken in Newcastle, delivering a step change for the city and leveraging off the massive infrastructure spending program that has revitalised the inner city in recent years.

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“East End Village is among the latest catalysts to the ongoing revitalisation of Hunter Street and the Newcastle CBD, and this is having a knock-on effect to the entire region," George says, adding that he believes&nbsp;the Hunter Valley is currently one of the hottest property markets in Australia."

Once complete, East End Village will create a vibrant urban precinct across four city blocks in Newcastle’s inner-city area.

Local downsizers and upsizers who want to live in the transformed CBD have shown the most interest in East End. George expects this trend to continue in the final two stages.

The development, set across five buildings incorporating original heritage architecture, will deliver a blend of residential, retail, entertainment and dining to the city’s heart.

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The completed first stage includes the historic Fabric House, Washington House, and Perkins &amp; King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.

With interiors designed by SJB, the apartments have been designed to transcend the typical standards of apartment living, while also embracing coastal views.&nbsp;&nbsp;

One-bedroom residences are priced from $750,000 whilst two-bedroom offerings are priced from $1,150,000 and three-bedrooms are priced from $2,750,000.

Following a design competition, the final stages of the project will be designed in collaboration between architects SJB, DBJ and Curious Practice, with the release set to include the most luxurious penthouses yet.&nbsp;

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Urban Activation Director Matt George says the final two stages will include some of the most exclusive residential offerings in the entire development

Iris Capital kick off final stages of $1 billion East End Village, Newcastle development

Australian property developer Third.i continues to defy the property market downturn, exchanging on a string of record-breaking apartment sales across two projects in Newcastle and one in Coffs Harbour.&nbsp;

As the first project for Third.i in Coffs Harbour, Sable at the Jetty has been met with strong interest, with the penthouse selling for $2.35 million, recording a record for the region.&nbsp;

Over 80 per cent of the apartments have been sold since launch in October last year, with Third.i's Co-Founder Luke Berry saying the strength of the sales at Sable at the Jetty demonstrate that regional cities are seeing a consistent uptake of sales activity.&nbsp;

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"There is still growth in the market here, with property sales in the New South Wales north coast holding steady," Berry said.&nbsp;

“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way."

With only a handful of apartments remaining, the $35.5 million project is set to deliver a mix of one, two and three-bedroom residences, with construction due to commence in the coming months, with completion slated for mid-2024.&nbsp;

Located on the corner of Collingwood and Edgar Streets, Sable at the Jetty is within walking distance from the beach, local schools, cafes and shops, and also offers numerous transport links at your doorstep. Remaining apartments are priced from $650,000 to $1.6 million.

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Sable at the Jetty joins a growing list of Third.i’s record sales in New South Wales, following three record sales in Newcastle, with the sale of the penthouse at Dairy Farmers Towers going for $6.5 million and two back-to-back $3.5 million penthouse sales at the group's retirement living project, The Merewether Residences.&nbsp;

The extensive whole floor penthouse in Dairy Farmers Towers, located at 924 Hunter Street, Newcastle West sold to a local family who swooped in to secure their slice of the iconic project which pays homage to the site’s history as the original head office for Dairy Farmers Limited in Australia.

The buyer is a Hunter Valley legend, winemaker and businessman, who says the level of offering at Dairy Farmers was exactly what he and wife were looking for in an inner-city abode.

When asked about the status of setting a record with their purchase, the buyer said, “We love Newcastle and Novocastrians, and are excited to have an apartment there. We can’t wait to move into such an iconic property and participate in the fantastic social activities Newcastle can offer.”

The penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level.

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The four-bedroom, three-and-a-half-bathroom, four-car property features multiple living and dining rooms, a separate chef's kitchen, bar and adjoining wine cellar, library, and study.

All rooms will have three-metre high ceilings and floor to ceiling glazing, which will deliver 360-degree views of Newcastle all the way to the Broken Back Range in the Hunter Valley, a crucial feature for the buyers who previously lived under the Broken Back Range.

The project has also been met with a swarm of interest from downsizers and owner occupiers, with more than 70 per cent of the project sold since its launch in late 2022.

Third.i secure string of record-breaking apartment sales across New South Wales

Sydney-based developers, Iris Capital, has continued to notch up awards for their East End project.

Having initially focussed on Sydney’s fast growing south-west corridor, the group has most recently taken a leap up the coast, dipping into the prospers of the Newcastle region to deliver a masterplan set to transform the suburb.

Encompassing a 1.66-hectare site, from Perkins Street to Newcomen Street, the East End precinct will be delivered across four stages, with the entire project slated for completion by 2027.

Cited as one of the country’s first large-scale urban regeneration projects, East End is focused on delivering the perfect blend of residential, retail, entertainment and dining to Newcastle.

Stage one of the billion-dollar East End development comprises four buildings, three of which are complete mixed use residential buildings and one a QT hotel.

And the accolades have continued for the project, after having been crowned the winner of the 2022 UDIA NSW award for excellence in mixed use developments, which celebrate innovation, sustainability, industry leadership and excellence in urban development across NSW and the ACT.

Alongside the 2022 UDIA NSW award for excellence in mixed use developments, Iris Capital has already secured seven awards and a high commendation under its belt, as well as being a finalist twice.

The group was recently awarded three awards from the 2022 Newcastle Australian Institute of Architects including the Urban Design award, Residential Architecture – Multiple Housing award and the Newcastle 2022 Medal, which is considered a prestigious top award.

The 2022 NSW Australian Institute of Architects also awarded the group with another three awards including the Urban Design award, Residential Architecture – Multiple Housing award and the Premiers Prize.

Iris Capital also secured first place for Urban Taskforce Australia’s Urban Renewal Development award and received a high commendation from Think Brick Awards for its Horbury hunt Commercial Award in 2021.

CEO of Iris Capital, Sam Arnaout, said he is proud to have received another round of nominations after winning eight awards this year alone for the Newcastle East End development, attributing the success to Iris Capital’s attention to detail and passion for delivering market-leading projects.

“I’ve been joined by so many great people around me at Iris Capital and it’s a massive team effort to achieve what we have for the East End project,” says Arnaout.

“We are delighted that our ongoing efforts to deliver an urban city sanctuary with our East End development are being recognised once again with Iris Capital being a finalist for four awards.

“Being awarded the UDIA award for excellence in mixed use development reflects our unwavering commitment to developing communities that set a benchmark for the industry and these accolades only deepen our resolve to continue creating a revitalised and flourishing community in Newcastle.

“Iris Capital is grateful for the awards and nominations we have secured so far, for our East End development, and look forward to the next stages of our master planned high quality integrated residential and mixed-use development.”

Iris Capital will now progress through to the National Architecture Awards and the National UDIA Developer Awards which will be determined later this year.

Iris Capital is one of Australia’s leading private property and hotel enterprise headed by Sam Arnaout. The company’s investment and development activities have seen it create five billion dollars in enterprise value over more than 25 years with the Iris Capital group now generating annual revenue of $500 million and employing more than 1500 people across Australia.

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Iris Capital take out UDIA award for Newcastle mixed-use development, East End

Poised to bring the next generation into the property market, heavyweight property developer Third.i has received the green light from the City of Newcastle council to bring its latest offering to reality, the Dairy Farmers Towers project in the heart of Newcastle&rsquo;s West End.

The project burst onto the market just a few months ago, drawing buyer attention before the project had even launched.

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The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents&rsquo; only shared work hub with over 1600 sqm of commercial and retail space.

Third.i is also one of the largest providers of Specialist Disability Accommodation apartments along the East Coast of Australia, partnering with numerous Specials Independent Living Advisors to provide suitable accommodation in their large scale developments, including Dairy Farmers Towers, which will deliver eight SDA apartments.

With development approval under its wing, Third.i will commence construction in the third quarter of this year with expected completion for the back end of 2024.

The project will offer an exclusive deposit scheme, a first for Newcastle, in collaboration with CoPosit, which will see a fee-free app-based service allowing buyers to purchase a property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments.

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Third.i Co-Founder and Director, Luke Berry, says the DA approval paves the way for Third.i to fulfil a dream to help people enter and re-enter the property market with overwhelming local support from hungry buyers.

&ldquo;We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,&rdquo; said Berry.

&ldquo;The West End is quickly becoming Newcastle&#39;s beckoning lifestyle hub, complete with an eclectic mix of urban flair and character. Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy. When you&rsquo;ve also got the CoPosit initiative to help Australians purchase their first homes, I couldn&rsquo;t be prouder of the calibre that will soon be brought to life with this DA approval,&rdquo; he added.

Berry also noted how using the scheme could save buyers money in the long run as well as securing a new build property now, rather than buying one after competition at a higher price, which sees a lot of buyers traditionally priced out of the market.

[smartcode_project:default project_id=109979 project_image_fid=187064]

Dairy Farmers Towers is set to include a deluxe range of exclusive amenities featuring co-working spaces, cabana pool areas with a lap pool, a wine bar and cellar, a state-of-the-art gym and a Pilates studio, as well as multiple function rooms.

A young buyer who purchased through the CoPosit scheme said that if not for the scheme offered at the project, it would&rsquo;ve taken them an additional two years to save for a normal deposit.

&ldquo;What drew me to Dairy Farmers Towers was the bespoke amenities on offer and the opportunity to purchase through CoPosit. I have never seen such a great initiative within Newcastle that assists first home buyers get into the market at such a high-quality level of development,&rdquo; said the Dairy Farmers Towers buyer.

&ldquo;The process was really simple and straightforward. I have been really impressed so far with the service and how many people there are to assist with any of my questions. I think more people should consider purchasing with CoPosit because of how easy and rewarding it has been being able to actually put my name on my dream apartment without having to wait another two-years to save my deposit.&rdquo;

[smartcode_project:default project_id=109979 project_image_fid=187069]

The green-lit Newcastle West site was once home to Dairy Farmers - one of Australia&rsquo;s largest dairy producers.

In a nod to the history of the site, Third.i has reimagined the heritage-listed, iconic milk bottle and clock towers as part of the project through a pedestrianised, broader public art installation.

&ldquo;Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep. We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play. With construction commencing later this year, we can&rsquo;t wait to do exactly that,&rdquo; concluded Berry.

[smartcode_project_cta: project_id=109979]

The Dairy Farmers project is set to deliver 184 one, two and three-bedroom apartments over two towers, topping a five-storey residents’ only shared work hub with over 1600 sqm of commercial and retail space.



 Council gives green light for Dairy Farmers Towers, paving the way for Newcastle’s latest apartment development 

Plus Architecture has won the design competition for a $100 million two-tower development on the site of a former big-format retailer in Newcastle.

The redevelopment of the 4726 sqm site at 711 Hunter Street will comprise 267 apartments across two towers rising to 90 metres, as well as 1,400 sqm of commercial space.

Along with the City of Newcastle, prominent Newcastle developers St&nbsp;Hilliers&nbsp;Property and Spotlight Group partnered to run the design competition, which St&nbsp;Hilliers&nbsp;Property project director Paul Smith said had unearthed the best architectural talent and ideas for the prominent West End site.

&ldquo;The quality of architectural design presented by Plus Architecture is really impressive and we look forward to further refining the design by incorporating the jury&rsquo;s recommendations before proceeding to the next phase,&rdquo; Smith said.

&ldquo;With a development of this significance, we will work closely with Plus Architecture to set sustainability targets and quality design outcomes during the more detailed development application phase, including a focus on thermal comfort, energy, waste and water.&rdquo;

<img alt="" height="897" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-17_at_9.45.00_am.png" width="1145" />

Unanimously selected, Plus Architecture&rsquo;s design included a &lsquo;meeting place&rsquo; concept, with a public domain to facilitate and encourage socialisation.

Plus Architecture Director Sumedh Kataria said that the news was a testament to Plus Architecture&#39;s vision, deep appreciation for community needs and team talent.

&ldquo;Projects that have the potential to change the face of a city, and its skyline into a new era, require an elevated element of design with beauty, form and end-use at the fore,&rdquo; Kataria said.

&ldquo;Our vision for this project is about creating a place that reflects the heart and soul of the city - past, future.

&ldquo;Plus Architecture&rsquo;s winning design concept is intended to deliver a development that celebrates its connection with place and country, adds to the richness of the urban fabric within which it sits and embraces its role as a key contributor to the city&rsquo;s future identity.&quot;

<a href="/new-apartments/711-hunter-street-newcastle-west-nsw-2302"><img alt="" height="764" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_11.33.54_am.png" width="775" /></a>

Lord Mayor Nuatali Nelmes said the architectural design competition had delivered design excellence for the redevelopment of 711 Hunter Street which will lead to positive outcomes for the city and a transformation of the city&rsquo;s skyline.

&ldquo;City of Newcastle congratulates Plus Architecture on their winning design and commends the joint venture partners, St&nbsp;Hilliers&nbsp;and The Spotlight Group, for their commitment to the ongoing revitalisation of Newcastle&#39;s West End,&rdquo;&nbsp;Nelmes&nbsp;said.

&ldquo;The construction associated with a redevelopment of this size will generate jobs and help buoy Newcastle&rsquo;s economy which is a positive as we come up against the ongoing impacts of&nbsp;Covid&nbsp;and look to the future.&rdquo;

Manager Regulatory, Planning and Assessment, Michelle Bisson said the competition will raise the benchmark of architectural design excellence in Newcastle.

&ldquo;Ongoing revitalisation and development is continuing to transform Newcastle particularly in the West End, and 2022 is shaping up to be another exciting and busy year for our city,&quot;&nbsp;Bisson&nbsp;said.

<img alt="" height="923" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-17_at_9.44.54_am.png" width="1442" />

&ldquo;Once constructed, 711 Hunter Street will boast a hallmark building that will stand the test of time for future generations to admire.&quot;

The architectural design competition was run by an independent jury process under the governance of City of Newcastle and the NSW Government Architect&#39;s Office. Consultants&nbsp;Urbis&nbsp;administered the design competition on behalf of property developers St&nbsp;Hilliers&nbsp;and The Spotlight Group.&nbsp;

The developers are expected to lodge a detailed development application for the site in the first half of this year.

The redevelopment of the 4726 sqm site at 711 Hunter Street will comprise 267 apartments across two towers rising to 90 metres, as well as 1,400 sqm of commercial space.

Plus Architecture take out Newcastle apartment development design competition 

Newcastle is set for its joint-tallest residential apartment tower, as Sydney developer Third.i. Group lodge plans for two towers on the landmark Dairy Farmers Corner site in Newcastle West.

The two towers, on the corner of Tudor and Hunter Streets, will home 184 apartments across the two buildings. One will rise nearly 100 metres, and 30-storeys, which will be the same number of levels as Pinnacle Apartments. There will be an adjoining five-storey building for retail and commercial.

Local architecture firm CKDS has designed the project. They are behind a number of&nbsp;the city&rsquo;s new residential and commercial buildings including the multi-award winning Verve Residences, Horizon Lee 5 and East End Stage 2.

A mix of one, two, three and four-bedroom apartments&nbsp;will be on offer, which Third.i Director, Luke Berry, says will have some of the best views in town, as well as the harbour, great dining and entertainment options, and the transport interchange at their doorstep.

To keep up to date with the development and its launch, enquire here

&quot;To create a true sense of community for residents we&rsquo;ve focussed on incorporating communal and green spaces and facilities such as a gym, a cabana pool area with lap pool, wine bar and cellar, and function rooms,&rdquo; Berry says.

<img alt="" height="525" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dairy_farmers_newcastle_3.jpg" width="1200" />

Third.i positions Newcastle as an exciting market to work in with great potential which presents a sea change for Sydneysiders, empty nesters and downsizes, given its close proximity to Sydney, and a relaxed return to the office, post pandemic.

&ldquo;In what we believe is a first for the city, we want to use some of the commercial space as a residents&rsquo; shared work hub, so they can work from home without being in their apartment,&rdquo; Berry added.

To keep up to date with the development and its launch, enquire here

The Newcastle West site was once home to Dairy Farmers - one of Australia&rsquo;s largest dairy producers. In a nod to the history of the site, Third.i will re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

<img alt="" height="632" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dairy_farmers_newcastle_2.jpg" width="1200" />

Dairy Farmers Towers is the fourth West End apartment project for the Sydney-based developer. It has already completed the West, Eaton on Union, and Stella on Hannell apartments in Wickham, creating 381 inner city homes.

Third.i&rsquo;s retirement living division ThirdAge is partnering with Merewether Golf Club on the recently approved luxury resort retirement living project &ndash; The Merewether.

To keep up to date with the development and its launch, enquire here

&ldquo;We feel like the West End is our second home and we are excited to be part of its revitalisation. We want Dairy Farmers Towers to be a West End icon, a landmark that will be reborn to create a new chapter in the West End&rsquo;s growth as a great place in which to live, work and play.&quot;

The project has been designed by leading local architectural firm CKDS. The firm is behind the designs of a number of the city&rsquo;s new residential and commercial buildings including the multi-award winning Verve Residences, Horizon Lee 5, East End Stage 2, and the Gateway l and ll buildings.

Third.i Director, Luke Berry, says the apartments will have some of the best views in town

Third.i to create Newcastle joint-tallest apartment development at the Dairy Farmers site

Although summer has passed by, Sydney&rsquo;s latest lockdown has reminded many Australians of the benefits that come with investing in a coastal holiday home.

SQM Research managing director Louis Christopher claimed that its likely regional occupancy has already reached its highpoint.

&ldquo;With the costs of renting a holiday home soaring thanks to huge local demand, combined with record-low interest rates, we&rsquo;re experiencing a unique situation where it may actually be more cost-effective to buy rather than regularly rent a holiday home&rdquo;, said David Hancock, senior financial planner at Montara Wealth.

To assist in your search, Urban takes a look at five stunning coastal properties to consider in regional NSW.

1. Horizon, Gosford 
Developer: JMGM 
Two-bedroom apartment prices available upon request

[smartcode_project:default project_id=101204 project_image_fid=162047]

Delivered by JMGM, Horizon comprises 184 architecturally-designed in one, two and three-bedroom configurations.

Set across 24 stories, the mixed-use development boasts spacious interiors and 2,500 sqm of retail space that forms a vibrant precinct in the heart of Gosford.

In the beautiful Gosford region of the NSW Central Coast, residents can enjoy magnificent national parks, sparkling waterways and golden sandy beaches.

2. Ridgewaters, Kiama 
Developer: St Trinity Property Group 
Three-bedroom apartments from $945,000

[smartcode_project:default project_id=27858 project_image_fid=162070]

Positioned amongst Kiama&rsquo;s serene landscape and only a short walk to pristine beaches, Ridgewaters is a selection of three-bedroom apartments.

This collection of luxury apartments presents an ideal home for a range of purchasers, from retirees and young families to investors and holidaymakers searching for a laid-back coastal lifestyle.

Located just 90 minutes south of Sydney and 30 minutes from Wollongong CBD, the boutique two-storey development promises convenience and local amenity.

3. Sky Residences, Newcastle 
Developer: GWH 
Two-bedroom apartments from $675,000

[smartcode_project:default project_id=8430 project_image_fid=28045]

Sky Residences is Newcastle&rsquo;s newest skyline tower in the heart of the CBD&rsquo;s Civic Cultural Precinct, connecting residents to everything they love.

Offering a choice of 180 apartments in one, two and three-bedroom configurations, Sky boasts light-filled living spaces, security swipe access and energy-efficient fittings.

&ldquo;We reserved the prime rooftop space, making it possible for every SKY resident to enjoy unprecedented 360-degree views and contemporary lifestyle amenities that enrich the way they live&rdquo;, GWH managing director Jonathan Craig said. 
 
4. Midtown, Wollongong 
Developer: Level 33 
Two-bedroom apartments from $575,000

[smartcode_project:default project_id=34275 project_image_fid=153610]

Midtown encompasses a collection of studios, one, two and three-bedroom apartments that capture the impressive views of the Illawarra Escarpment.

Delivered by Level 33, the home includes a ground-level retail podium that activates the building, a number of apartments that boast ocean views and a communal rooftop entertaining terrace.

The development is perfectly located for those who desire convenience and connection, and will benefit from the Wollongong Council&rsquo;s $800 million infrastructure investment 2018-2022.

5. Highpoint, Charlestown 
Developer: GWH 
Two-bedroom apartments from $640,000

[smartcode_project:default project_id=8980 project_image_fid=28277]

Developed and built by Hunter locals, GWH, Highpoint boasts premium finishes and fittings that are purposefully designed to reflect the needs of today&rsquo;s living.

The development is located in Charlestown, the shopping, dining and entertainment precinct of Lake Macquarie, ideal for young families and downsizers.

Exclusive to Highpoint residents is the terrace garden, entertainment and barbeque area on the level three podium, as well as a rooftop entertaining space.

Although summer has passed by, Sydney’s latest lockdown has reminded many Australians of the benefits that come with investing in a coastal holiday home

max.kwok_55688

Five coastal apartments to consider in NSW

The Newcastle developer GWH has seen a spike in sales of their Newcastle CBD development Sky Residences since the start of 2021.

GWH sales and marketing manager&nbsp;Matthew Waddell puts it down to an increase in investor activity in the region, which posted 3.6 per cent dwelling price growth&nbsp;in March, second only to Sydney in price growth of major regions across the country.

"For this current quarter (January to March), we have seen more sales than any period during the marketing of the project", Waddell says.

There's been a dramatic increase in enquiry from investors, more specifically from investors outside Newcastle, Waddell notes.&nbsp;

<a href="/new-apartments/sky-residences-509-hunter-street-newcastle"><img alt="" data-entity-type="" data-entity-uuid="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_residence_2.jpg" width="1200" /></a>

Investors have accounted for 36 per cent of sales since the turn of the year at Sky Residences, just behind owner-occupiers who accounted for 38 per cent. And now over a third of those buying are coming from outside of Newcastle.

"Buyers are making their purchasing decision quicker as well, with a previous ratio of appointments to sales of 7:1 now shortening to 3:1", Waddell says.

[smartcode_project:default project_id=8430]

Set in the heart of the CBD's Civic precinct, Sky Residences,&nbsp;designed by DBI, homes 180 apartments, made up of one, two, three and four bedroom units.

There are 1,100 sqm of premium hotel-style amenities for residents, including a heated outdoor lap pool, gym and fitness centre and a rooftop sky lounge with 360-degree views across Newcastle. On the roof there's indoor and outdoor facilities, a landscaped lawn terrace, barbecues and dining spaces.

<a href="/new-apartments/sky-residences-509-hunter-street-newcastle"><img alt="" data-entity-type="" data-entity-uuid="" height="894" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_residence_3.jpg" width="1200" /></a>

Inside there's a lounge area with a fireplace and a cinema screen and bar.

Remaining one bedroom apartments start from $485,000, with the highest remaining three bedders on level 16 for sale at $1.6 million. The north-east facing penthouse sold for $3.3 million.

<h2>About the developer</h2>

GWH have been developing property in the Newcastle region&nbsp;for over 25 years, with over $1 billion of completed projects&nbsp;delivered.

Led by Jonathan Craig, GWH are behind Aero in Newcastle, which won the Master Builders Association award for&nbsp;Apartment Development of the Year in 2018, Highpoint in Charlestown and 121Elder in Lambton.

There's been a dramatic increase in enquiry from investors, more specifically from investors outside Newcastle.



Sales spike hits Newcastle's Sky Residences as investors return

Buyers have moved in to the first stage of East End, Newcastle&#39;s newest apartment development, with stage two sales well underway.

The recently completed stage one of the Sam Arnaout-led Iris Capital&nbsp;development in the heart of Newcastle on Hunter Street comprises three buildings, Fabric House, Perkins &amp; King and Washington House.

Each building has been created by a different architect.

The most striking is Washington House,&nbsp;where architecture firm TZG had to incorporate the historic Washington House in to their design which retained the front facade.

<a href="/new-apartments/east-end-stage-2-newcastle-147-hunter-street-newcastle"><img alt="" height="837" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/washington_house_1.jpg" width="1600" /></a> 
Washington House, built in the early 1900&#39;s.

Washington House was once the Charleston Studios, operated by the photographer Harry &#39;Henry&#39; Charleston in the 1930s, before being completely remodelled&nbsp;by Washington Handley Soul, of the investment firm now known as Washington H Soul Pattinson.

Washington House features an outdoor landscaped terrace on level three, complete with a private garden, barbecues and outdoor dining.

Durbach Block Jaggers created Fabric House with curved glass and the arched windows, while SJB designed Perkins &amp; King.

Interior design firm Turners handled the interiors.

Around 90 per cent of stage one has sold, with just the nine apartments remaining. Around 50 per cent have sold to owner-occupiers.

Stage two, which comprises Soul and Lyrique, both designed by&nbsp;CKDS Architecture, is around 50 per cent sold.

<a href="/new-apartments/east-end-stage-2-newcastle-147-hunter-street-newcastle"><img alt="" height="1044" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east_end_newcastle_2.jpg" width="1400" /></a> 
The rear of Lyrique

PRDnationwide agent Ryan Houston says they are seeing a lot of local downsizers and young professionals who no longer want to mow the lawns.

&quot;They want to live the inner city lifestyle,&quot; Houston says, adding that there are out of town buyers&nbsp;from&nbsp;Sydney, as well as areas around Mudgee, Armidale and Dubbo looking for a weekend or even a sea change.

&quot;We are seeing a lot of interest recently in apartments as the market are seeing apartments as the futures of real estate and betting on the fact the market will continue to rise.

&quot;Best thing is that they can lock in a price today at todays prices for only a 10% deposit.&quot;

About the developer

Arnaout&#39;s Iris Capital are behind the likes of the residential developments Omnia in Potts Point, Grand Bondi Junction and Wattle Hill at Hurlstone Park.

Iris Capital also owns a number of hospital venues&nbsp;including the Manly&#39;s Hotel Steyne and Ivanhoe Hotel. Iris has&nbsp;prominent around the Kings Cross area for a number of years where they own&nbsp;the Bourbon.

On the East End project, Arnaout says &quot;This is something that we won&rsquo;t be able to replicate anywhere else and it&rsquo;s something we&rsquo;re proud to be delivering for the people of Newcastle.&quot;

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=29359]

[smartcode_project:default project_id=29679]

[smartcode_project:default project_id=21618]

&nbsp;

Each building has been created by a different architect

Newcastle

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