Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="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/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/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" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/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" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Joel Robinson

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

The Minns Labor Government is today unveiling a game-changing new precinct at Bays West – delivering up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes - directly above the new Bays West Metro Station currently under construction.

The landmark transformation will convert underutilised government-owned port land on the Harbour into Sydney’s newest suburb, while retaining important deep-water port facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

<img alt="Bays West" data-entity-type="file" data-entity-uuid="c5f01d10-0b6b-49de-8033-d3ef2728cb6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.12%E2%80%AFPM.png?VersionId=UA6_r._1jYROJ5tFNXMHqjNYLKYWIN.Y" />

Affordable housing will be embedded from the outset, including dedicated homes for essential workers such as nurses, teachers, paramedics, firefighters and police so they can live closer to the communities they serve.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

Night-time entertainment and creative industries will be anchored by the revitalisation of the historic White Bay Power Station as a cultural and community destination, connected to the harbour across a new expansive public forecourt.

Planning of the area will prioritise connectivity, including active transport links to neighbouring communities such as Rozelle, Balmain and Glebe, improved pedestrian access to the waterfront, and connections to the CBD, including an active transport link across the Glebe Island Bridge.

The Government will lead a master planning process that will include an international design competition to guide development across the precinct, ensuring homes, essential infrastructure, jobs, public spaces and transport links are delivered together.

It will be led by a new delivery agency to be established over the coming weeks, which will report to Minister Kamper who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo. Once established, the publicly owned land in the precinct will be transferred to the new agency.

This is the first new suburb that has been built in inner Sydney in decades, it will see homes built alongside the Bays West Metro Station ensuring young people, families and downsizers are only minutes away from the CBD. As part of the transformation of the Bays West precinct, bulk port operations – including cement, gypsum and sugar handling – will cease on Glebe Island by no later than 2030.

<img alt="Glebe" data-entity-type="file" data-entity-uuid="46ef3c23-2ce1-4912-b8ba-5247de19d7b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.02.15%E2%80%AFPM.png?VersionId=I5xKa7hLNlsueMsltA2dsYrRYtZCKvZz" />

The Government will work closely with industry to minimise impacts and ensure the continuity of supply. This includes a commitment of $270 million to improve road connections around the port at Port Kembla and to investigate increased rail freight capacity.

Working harbour operations across the precinct will be consolidated, mostly into White Bay, ensuring the precinct will continue to provide critical services for the harbour, including boat maintenance and marine construction and as a base for tug boats and for emergency services.

A new staging area will be established in White Bay, securing the future of the New Year’s Eve fireworks, Vivid and other major events for decades to come.

<img alt="Glebe island" data-entity-type="file" data-entity-uuid="0554b153-b225-445b-a633-75aecea7dec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.17%E2%80%AFPM.png?VersionId=P45ABy8KLuwjzVf04APWfeC4aOMA1Ngx" />

The cruise terminal will be retained in its current location, meaning tourists arriving in Sydney will be welcomed by the new precinct, with new shore-power facilities currently being installed that will reduce noise and emissions. The Sydney Heritage Fleet will also be offered new premises in White Bay.

Deep-water berths will be retained to preserve Sydney Harbour’s strategic operational capability, and the removal of the existing 1970s industrial silos, currently used as a billboard, as well as to store cement and sugar, will unlock new opportunities for public space and future housing.

“Right above a new metro station and minutes from the CBD, we’re delivering thousands of homes where people actually need them - close to work, close to services and close to transport,"&nbsp;Premier of New South Wales Chris Minns said.

“Importantly, this precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

“We understand that not everyone will welcome change, but cities don’t stand still. If Sydney is going to remain a place young people and families can afford to live in, we have to use well-located land better and plan for the future.”

Glebe Island to accomodate 8,500 new homes near new Bays Metro Station

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> has unveiled its exclusive penthouse collection at&nbsp;<a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a>, its new apartment development in Palm Beach.

There are just four penthouses as part of the collection, however only three remain for sale, with a Palm Beach local already snapping up one of the apartments prior to its launch.

&nbsp;

“We are thrilled to unveil the debut penthouses within the Flourish story,” said Christie Leet, founder of Sherpa Group.

“The penthouses epitomise unparalleled luxury and contemporary elegance, offering an exclusive experience in modern living.”

[smartcode_project:default project_id=146527 project_image_fid=362273]

Located at 6-12 Sixth Avenue, the penthouses will crown Amargo, which will rise 18 levels and offer a diverse product mix of one, two, and three-bedroom apartments, attracting a wide demographic of buyers.&nbsp;

“Creating a multigenerational community is core for us at Sherpa," Leet added.

"Amargo embodies this ethos, welcoming first-home buyers, families and right-sizers alike – ensuring everyone has the opportunity to thrive.”

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=362271]

The penthouses, which range in price from just over $3 million to $4.6 million, each have three bedrooms, three bathrooms, and extensive balconies. Select penthouses will have&nbsp;dedicated media rooms. They have four-metre-high ceilings, Gaggenau appliances, and natural stone materials.

Flourish is crowned by an&nbsp;800 sqm rooftop retreat with a&nbsp;pool, pool deck cabanas and day beds, private outdoor barbecues and pizza oven, an internal private dining space, as well as a gym, yoga zones, steam rooms, and hot and cold magnesium pools.

&nbsp;

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=306037]

“We’re really excited about what we’re delivering here- Flourish is more than just apartments; it’s about creating a place where people feel truly at home,” Leet said.

Construction is already well underway on Amargo, with residents expected to move in by Q2 2027. The project is around 85 per cent sold.

[smartcode_project_cta:default project_id=146527]

A first look inside Flourish penthouse collection at Palm Beach

Builder-developer Urban Property Group (UPG) is continuing to expand into new markets. UPG is heading to the Hills District, where it is planning a 40-storey mixed use building near Castle Hill Metro Station.

They've gone down the favoured developer route of a State Significant Development Application, which should see developments approved within the space of nine months.

The tower will comprise 371 apartments, 42 of which will be affordable housing, above a ground-floor retail precinct at 16-20 Old Castle Hill Road, on the corner of Garthowen Crescent and within walking distance of Castle Hill Metro Station, an area identified for higher density under both local and state strategic planning frameworks.

Designed by <a href="https://www.apartments.com.au/architects/studiosc">Studio SC</a>, the tower would rise from a brick podium base, accommodating one retail tenancy and communal open space, before transitioning to a slender glazed residential form above. Six basement levels are proposed beneath the building to house parking and services.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="08dc82f9-b826-4e18-8c60-4c90f7472317" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28b%29%20-%20Ground%20level%20render.jpg?VersionId=EOv1ly45k_Bc1F73C0hdwXSG4FVSTETt" />

“Castle Hill is undergoing a significant transformation, evolving from a traditionally low-rise suburban centre into a true metropolitan destination anchored by the Sydney Metro Northwest," the Architectural Design Report prepared by Studio SC noted.

The majority of apartments (194) will be two-bedrooms. 90 one-bedroom apartments are planned, 83 three-beds, and four four-bedroom apartments.

Studio SC’s design adopts a podium-and-tower composition, with warm-toned masonry at the lower levels intended to anchor the building within its streetscape context.

"At the podium, the architecture is anchored through solid brickwork in warm, earthy tones, reflecting the local sandstone formations and the natural colour palette of the surrounding hills," Studio SC added.

Above, the tower transitions to a lighter glass expression, articulated with fins and tonal variation to reduce visual bulk and respond to changing light conditions.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="f13cb2ee-ebfc-4204-9aba-e2dbd9e5d4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28a%29%20-%20Pool%20view.jpg?VersionId=Dnpusa.b5d6Nkx2clPlzWosDdh_1QW2V" />

Urban Property Group is one of Sydney's most active developers. They have projects currently under construction in Little Bay, Penrith, and Macquarie Park, with future projects earmarked for Wollongong.

Castle Hill has been one of the most popular suburbs for development across Sydney in the last five years, as developers scramble for land around the newly extended Sydney Metro.&nbsp;

Kassis Homes kicked it all off with Grand Reve, along with Deicorp who has delivered over 1,000 apartments in the area and continues to develop. The likes of Dubai-backed developer Arada will take to market their project in the coming months, while Masscon has just launched Avenue on Cadman Crescent.

First Look: Urban Property Group unveils 40-storey mixed-use tower in Castle Hill

One of the Gold Coast’s ‘bridesmaid suburbs’ is experiencing a wave of local suitors, with the latest sales figures from <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> revealing over two thirds of buyers will be relocating from within a 5km average radius of the 16-hectare masterplan.&nbsp;

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the figures underlined a powerful shift for Biggera Waters that would reshape it into a thriving force behind the region’s growth corridor.&nbsp;

“We’ve seen a huge wave of interest from residents of Arundel, Paradise Point and Runaway Bay who recognise the urban transformation that is well underway here and want to be part of it,” Long said.&nbsp;

“Interestingly, 25 per cent of our Gold Coast buyers are also coming from the city’s southern hotspots, including Burleigh and Palm Beach.&nbsp;

“<a href="https://www.apartments.com.au/developments/biggera-waters-qld-4216">Biggera Waters</a>, and Harbour Shores in particular, has all the advantages of waterfront living with the benefits of resort-style amenity, for greater value than the southern beachfront suburbs.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

Long said half of the purchasers at Harbour Shores were under the age of 55.&nbsp;

“When locals choose to stay local, it creates a genuine community, turning the most sustainable master planned community in the Gold Coast’s history into a diverse and vibrant ‘village of villages’.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=336743]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> Gold Coast Sales Director David Higgins said the hyper-local market demand was unique to Harbour Shores when compared to other projects in the region.&nbsp;

“We are seeing as much as 60 per cent of new apartment sales on other projects go to interstate or international buyers, but Harbour Shores is bucking this trend and attracting a larger proportion of the local market,” Higgins said.&nbsp;

“Only 13 per cent of Harbour Shores’ existing purchasers are interstate. There has been a resounding endorsement from local buyers and that validates the project’s vision and investment in design, lifestyle and liveability.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=4579]

Harbour Shores is 16ha visionary masterplan dedicated to wellness and an active, healthy lifestyle. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Harbour Shores embeds extensive green connections and more than 2.5km in pedestrian networks – including a 1.2km boardwalk along the water’s edge.

Harbour Shores was recently recognised by the BETTER FUTURE World Design Awards 2026 as a silver winner in the category of environmental sustainability. Boasting a 6 Star Green Star Communities V1.1 rating, Harbour Shores will deliver more than 2,000 homes over the next ten years.&nbsp;

The first stage will deliver three residential collections including luxury three and four-bedroom waterfront villas at The Residences, as well as apartments in The Waterline and Palm House, surrounded by resort-style amenities.&nbsp;

[smartcode_project_cta:default project_id=113271]

Biggera Waters no longer a 'bridesmaid suburb' as Gold Coast locals jump to Harbour Shores

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.

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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;

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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.

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“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;

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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;

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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.

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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;

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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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