The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

Joel Robinson

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

Newcastle apartments

Developer Third.i has released the second stage of apartments at its Dairy Farmers Towers in Newcastle, with buyers able to buy with just a $10k deposit.

Following the $10k transaction, buyers will then pay off the remaining deposit in weekly instalments.&nbsp;

Since its launch to market in late 2021, <a href="/new-apartments/dairy-farmers-towers-newcastle-west-924-hunter-street-newcastle-west-nsw-2302">Dairy Farmers Towers</a> has sold over 70 per cent of the entire project with demand from buyers continuing to soar amid tough market conditions.

[smartcode_project:default project_id=109979 project_image_fid=187054]

Third.i’s Co-Founder Luke Berry anticipates remaining apartments won’t last long as regional cities across the New South Wales coastline witness continued heightened sales activity despite a slowing market.&nbsp;

“Works at Dairy Farmers Towers commenced in November last year and we anticipate building works will wrap up in the first quarter of 2025. This project is the heart and soul of Newcastle’s revitalisation, and I can’t wait to see each and every buyer make their new house a home over the coming years."

[smartcode_project:default project_id=109979 project_image_fid=187062]

Early works kicked off late last year to bring Dairy Farmers Towers to life, which will comprise&nbsp;180 one, two and three-bedroom apartments, over two towers and, in a Newcastle first, an exclusive residents’ only shared work hub, alongside other blue chip amenities including yoga studio, sprawling outdoor gardens and an elevated North facing outdoor swimming pool and sundeck.

As one of the largest providers of Specialist Disability Accommodation along the east coast of Australia, the project will also offer eight SDA apartments in partnership with iNSiTU Housing.

Third.i’s revitalisation of Newcastle continues following its debut projects WEST Newcastle, Eaton on Union and Stella on Hannell, with Dairy Farmers Towers adding to its growing $4 billion property portfolio across Australia and the UK.

As the group continues to expand internationally, Third.i is also set to deliver a range of residential and commercial offerings across NSW and London.

<a href="/news/nsw/how-the-sydney-apartment-developer-third-i-always-puts-the-buyer-first-five-minutes-with-luke-berry">Read more:&nbsp;How the Sydney apartment developer, Third.i, always puts the buyer first: Five minutes with Luke Berry</a>

Following the $10k transaction, buyers will then pay off the remaining deposit in weekly instalments

alisonwarters@gmail.com

Third.i release Dairy Farmers second stage with $10k deposit offer

Having initially focussed on Sydney’s fast growing south-west corridor, Iris Capital has more recently taken a leap up the coast, dipping into the prospers of the Newcastle region to deliver the masterplan set to transform the suburb.

Encompassing a 1.66-hectare site, from Perkins Street to Newcomen Street, the East End precinct has been delivered across four stages, with the entire project slated for completion by 2027.

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="40b73dc8-a390-483f-a087-fe8da0a92f4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_01_LR.jpeg?VersionId=bOkrUVJv2O_hufELwx1jA.2.jkdXP5A8" />

SJB Director, Adam Haddow said that since 2013, the group had been investigating the unique community of Newcastle, having worked on the original masterplan for East End as architect and collaborator for the stage one development.&nbsp;

“We are over the moon to have the opportunity to again collaborate with our peers – this time Sydney based Durbach Block Jaggers and Novocastrian's Curious Practice, to deliver the final stage of this once-in-a-lifetime project,” said Haddow.

In a bid to realise the City of Newcastle’s Harbour to Cathedral Park ambition, the site has been divided based on experience, expertise and scale.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="cd286c15-d89e-4872-ad31-d4e8bc95305d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_02_LR.jpeg?VersionId=Q4OkzsIts62U6XR9_.J8VO5Cs.h5Zrrq" />

“Our vision for the East End is rooted in a fine grain response that reimagines the retail offering and pedestrian activity of Hunter Street. The new public ‘market square’ has great potential to connect into Council land creating the link withNewcastle Christ Church Cathedral and the harbour – to become the centre of theEast End,” Haddow said.&nbsp;

“We truly hope that this new connection will enable Indigenous planting to thrive along the north-facing slope of East End, once again cradling the silhouette of the cathedral in a green skirt when seen from the harbour."

Iris Capital’s Chief Executive Officer spoke to the prominence of the site in Newcastle, saying it is a critically important and significant development for the city that will create a long desired public domain connecting the Harbour to the Cathedral.&nbsp;

“The winning SJB, DBJ, and Curious Practice design unquestionably delivered in its purpose to achieve design excellence and has maintained the Cathedral as the city’s prominent landmark structure with a family of beautiful buildings that follow the topography and mesh with the built form of the hill,” Arnaout said.&nbsp;

“The winning design also was considered as the best outcome to incorporate the numerous heritage elements and considerable level changes across the site,” he said.&nbsp;

Like stage one which has been embraced by the community, achieving a sold out status, the final stages of the project will similarly be instantly recognisable through the adaptation of designs that draw inspiration from existing Newcastle architecture and retention of key heritage buildings.&nbsp;

<img alt="Render of the East End development" data-entity-type="file" data-entity-uuid="e3ba6bf9-0ee8-46bc-8902-d20ac57da4d9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SJB_Newcastle%20East%20End%20S3-4_06_LR.jpeg?VersionId=SwJffMJvI1PBhsisr6BbjfG4Tz5AecPV" />

“We will continue to work closely with the winning architect's impressive design during the development application phase and refine the scheme by incorporating recommendations made by the competition jury,” Arnaout added.&nbsp;

Stage three and four of East End sees three buildings establish the marketplace, each following an archetypal form.&nbsp;

The ‘block’ of the heritage Municipal building, the ‘tower’ behind it and the ‘stoa’ forming the western edge, with the architectural gestures designed to provide companions to the Cathedral.&nbsp;

The composition forms an Uffizilike public square which allows for both pause and transition, encouraging passage through and connection to the green space beyond the Cathedral and its garden.

“We love the city and people of Newcastle. With the support of Sam Arnout and Iris Capital, and in collaboration with Newcastle City Council, we’re confident that as a design team will be able to renew this part of the East End for the entire community to be proud of,” Haddow concluded.

[smartcode_project_cta:default project_id=29044]

Cited as one of the country’s first large-scale urban regeneration projects, East End is focused on delivering a blend of residential, retail, entertainment and dining to Newcastle, in a collaboration between three practices, SJB, Durbach Block Jaggers (DBJ) and Curious Practice, following the group’s design competition win. 



Iris Capital launch final stages in Newcastle East End apartment project

Hutchinson’s Builders have finalised works on the Doma Group development, The Crossing.&nbsp;

Set to settle in the coming weeks, the project will deliver 48 boutique apartments to the heart of the Civic precinct in Newcastle.

Built around an open breezeway and extensive landscaping, The Crossing comprises a mix of one, two and three-bedroom apartments; the residence benefit from views over the harbour and city.&nbsp;

The project was sold by Colliers Newcastle across 2020 and 2021, remaining true to the planned build schedule, with pre-settlement inspections occurring over the past weeks.&nbsp;

Colliers' Senior Executive Sales Agent, Christian Booth said the area has a huge demand for this project, with extensive buyer regret for those who didn’t act quickly, with significant growth for those who did.&nbsp;

“Colliers are thrilled to be meeting buyers in the coming weeks to handover keys and we know the buyers are keenly awaiting this,” Booth said.&nbsp;

The Crossing is the fourth residential development for DOMA in Newcastle, preceded by Edition and Lume on Honeysuckle Drive and Bishopsgate in Wickham.

Settlement of their fifth development, Huntington, is expected throughout October and November of this year.&nbsp;

Positive sales results continue for Doma with the Store in Newcastle West having launched earlier this year, achieving close to 50 per cent sold to date.

[smartcode_project_cta:default project_id=89731]

Doma finalise building works on Newcastle apartment project, The Crossing 

Australian developer Third.i is playing their part in the charge to revitalise the Newcastle region, with a swarm of buyers snapping up almost $90 million in sales in the last quarter of the financial year.

The group has an array of projects currently transforming Newcastle, with the most recent addition landing in the heart of West End, with the development approved Dairy Farmers Towers development.&nbsp;

[smartcode_project:default project_id=109979 project_image_fid=187062]

The project accrued more than $42.5 million in sales between March and the end of June this year, defying a growing property downturn in Newcastle, while Third.i’s latest collaboration with ThirdAge for retirement living, The Merewether Residences, secured over $47 million in the last quarter.

The developments join a stable of completed projects in Newcastle including Third.i’s three sold-out and completed residential buildings in the West End - Stella on Hannell, Eaton on Union and The West End Apartments.&nbsp;

The latest data from PropTrack’s Home Price Index saw national home prices fall substantially from what it calls the sharpest slowdown in more than 30 years across major cities including Sydney and Melbourne, while in comparison, more affordable lifestyle regions including Newcastle have continued to grow.&nbsp;

Third.i Co-Founder, Luke Berry said that while there had been a downturn in the real estate market over the last few months, due to increasing construction costs and rising interest rates, they hadn’t seen a decline in activity throughout the region.

[smartcode_project:default project_id=109979 project_image_fid=187059]

“Newcastle is definitely defying this downturn as we’ve recorded almost $90 million in sales in just three months alone from March to June across our latest residential and retirement living projects," Berry said.

"Demand is still high from eager buyers from the larger cities seeking out the more relaxed and affordable lifestyle Newcastle has to offer.&nbsp;

“Newcastle really is an underrated gem as it has everything you could ever want in a city without the continuous hustle lifestyle in major cities like Sydney. From bars and dining to restaurants and other lifestyle amenities including the large shopping centres to cater for everyone’s needs, the region is the perfect escape for those who still want a city life paired with peace and a more relaxed lifestyle,” concluded Berry.&nbsp;

[smartcode_project:default project_id=109979 project_image_fid=187069]

The recently green-lit Dairy Farmers Towers, which launched to market earlier this year, is set to comprise 184 one, two and three-bedroom apartments over two towers and will deliver eight SDA apartments.&nbsp;

With construction slated to commence in late September 2022, the project will also bring to life a five-storey residents’-only shared work hub with over 1600 sqm of commercial and retail space.&nbsp;

The group's Merewether Residences will also provide 140 one, two and three-bedroom apartments to the area, in a bid to raise the bar in retirement living.

With construction also starting later this year, the $120 million project will be topped by 16 penthouses each with a rooftop spa terrace and expansive views overlooking the golf course.&nbsp;

[smartcode_project_cta:default project_id=109979]

Third.i Co-Founder, Luke Berry said that while there had been a downturn in the real estate market over the last few months, they hadn’t seen a decline in activity throughout the region.

Third.i secures $90 million in Newcastle sales in just three months

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

Newcastle-based developers Stronach Property has received approval on their 166 apartment and townhome development, Sovereign Park.

According to the City of Newcastle, the project at 11-17 Mosbri Crescent, The Hill, will support the growing Newcastle population, which is set to grow from 41,150 residents to 202,050 by 2041, stimulating demand for almost 20,000 new dwellings.

Sovereign Park will offer a range of one, two and three-bedroom apartments, along with four-bedroom townhomes, designed by award winning Marchese Architects.

<img alt="" height="740" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mosbri_05d2_interior_garden_r2b_1.jpg" width="1200" /> 
Render inside one of the proposed apartments at Soverign Park. Credit: Marchese Architects.

Ranging from 55 sqm to 208 sqm, the spacious and light-filled residences are appointed with elegant and contemporary finishes and fixtures.

Crowning Sovereign Park will be a resident&rsquo;s recreation area, complete with a pool, lounges, and dining space.

Basking in expansive views over the Newcastle city skyline, the area will also home a garden pavilion, with outdoor dining space, an outdoor gym and private landscaped gardens by award winning landscape architects, Arcadia.

Sitting just a short walk to Darby Street and the East End of Newcastle, which is lined with boutique hotels, restaurants, bars and shopping, residents will be well connected to all the best Newcastle has to offer.

Newcastle&rsquo;s beaches and harbour foreshore are also an easy walk from Sovereign Park, located less than a kilometre away.

Stronach owner, Keith Stronach said interest in Sovereign Park has been very strong given the ideal location of the project.

&ldquo;The site is surrounded by some of Newcastle&rsquo;s most iconic landmarks including Darby Street, King Edward Park, the Bogey Hole, Memorial Walk and the much loved Obelisk. We are very excited with the development approval as we can start the revitalisation of the site and breathe fresh life into one of Newcastle&rsquo;s most sought after suburbs&rdquo;

The project is exclusively listed with Ed Crawford of Colliers, with the agent saying major urban renewal and regeneration driven by investment, from both the Government and private sector, has transformed inner Newcastle into one of the most attractive and desirable locations in Australia

&ldquo;The Newcastle inner city and CBD fringe market remains firm in the current market, with demand supported by strong relative affordability, a highly desirable lifestyle offering, and an attractive range of residential projects.&rdquo; Crawford said.

&ldquo;As the capital of the biggest regional economy in Australia, and only 90 minutes from Hornsby, Newcastle is the favoured destination for people exiting congested metropolitan locations or seeking work-from-home and work life balance,&rdquo; he added.

Sovereign Park will be the latest in the list of developments by Stronach Property, which was founded in 1923, adding to the completed Merewether Surf House, Arena Apartments on Newcastle Beach and the Herald Apartments in Newcastle East.

Sovereign Park will provide 166 new homes amidst housing supply crisis

Sovereign Park residential development given green light to support Newcastle’s growing community

Developer GWH has successfully completed stage two of its sold out Newcastle apartment project, SKY Residences.

The nine-level tower, which sits alongside the 19-level stage one tower which was completed in late 2021, comprises 73 apartments.&nbsp;All 189 apartments in the project havec all sold out.

GWH Managing Director Jonathan Craig says the project represents a significant milestone for the local developers.

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&ldquo;It has been incredible to watch our plans for this site come to life over the last few years&rdquo;, Craig said.

&ldquo;SKY Residences is our largest residential project undertaken to date. To successfully deliver such an iconic new development to the Newcastle skyline truly is a phenomenal achievement and one we are all immensely proud of&rdquo;.

Construction of Sky Residences began in October 2019.

[smartcode_project:default project_id=8430 project_image_fid=201697]

SKY includes an array of resident-only facilities including a pool, gym and the rooftop SKY Lounge, which is an indoor and outdoor entertaining space, providing panoramic views over the CBD and beyond.

&ldquo;As Newcastle locals, we have a deep understanding of the lifestyle aspects Novocastrians desire to amplify the incredible living experience this city provides,&quot; Craig added.

&quot;The feedback from our stage one purchasers has been fantastic and I can&rsquo;t wait for stage two purchasers to experience all that this iconic, new destination has to offer.&quot;

[smartcode_project:default project_id=8430 project_image_fid=201695]

GWH has been a steadfast presence across the Hunter region for over 25 years, backed by a strong track record of delivering commercial, industrial and residential projects within the area, including current works such as Newcastle&rsquo;s, ONE Apartments and Charlestown&rsquo;s Macquarie Tower, both set to start&nbsp;construction&nbsp;by the end of the year.

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Consisting of 73 apartments, Sky Residences Stage Two sores nine-stories into the air, alongside the 19-storey, 66-metre Stage One tower, which was completed in late 2021.



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