Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.

For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.

“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”

<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" />

Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;

Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.

“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”

Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.

“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.

<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/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://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.

“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.

Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.

Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;

Units come in light and dark interior colour schemes.

<img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" />

While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;

“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.

Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;

For Wendy, that airport proximity carries practical value.

“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”

Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.

Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.

“It was a bonus that we can rent it out as well as use it for ourselves,” she says.

Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.

<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/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" />

Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.

With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.

Although Wendy acknowledges the strength of rental demand, her approach remains long term.

“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”

Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.

“We asked around and Safari Group had a good reputation,” she says.

Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.

With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.

For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.

Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.

Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.

The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" />

In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”

The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.

The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.

Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" />

The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.

Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.

Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.

Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.

&nbsp;

Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.

The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.

The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" />

MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.

Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" />

The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Mathieson Property unveils Dian Rose Bay apartment development

Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.

Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.

Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.

[smartcode_project:default project_id=149594 project_image_fid=362610]

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;

The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;

A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.

[smartcode_project:default project_id=149594 project_image_fid=362606]

Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;

Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;

Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.

Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.

[smartcode_project:default project_id=149594 project_image_fid=362633]

The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.

Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.

[smartcode_project_cta:default project_id=149594]

Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185858]

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

[smartcode_project:default project_id=106566 project_image_fid=362499]

“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185861]

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

[smartcode_project_cta:default project_id=106566]

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

Penrith

The final piece of the puzzle for one of Penrith’s newest residential areas is almost in place, with plans for Thornton Central currently being assessed by Penrith City Council.&nbsp;

The $201 million plans from St Hilliers and First Point Property outline the construction of four mixed-use residential and retail towers, as part of the wider Thornton precinct.&nbsp;

<img alt="Render of the proposed Penrith development " data-entity-type="file" data-entity-uuid="8412e1df-d4e9-460c-9388-6a52e32ed7a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-29%20at%201.02.25%20pm.png?VersionId=e93oMwn0YaFIPDTBGmaBUcVpRlpWndm6" />Render of the proposed development at 184 Lord Sheffield Circuit.&nbsp;

Sydney architects, Crone have designed the plans for the developments, which take inspiration from the neighbouring Mountains locale.&nbsp;

The first development application lodged encompasses what is known as Tower A and Tower B, while the second is for Tower’s C and D.&nbsp;

Located at 184 Lord Sheffield Circuit, the plans will deliver 553 apartments, along with over 6,000 sqm of commercial space.

Different types of apartment typologies have been designed to accommodate households with different needs, particularly suited to the local market, including two-storey townhouses, with direct street access and generous courtyards, as well as generously-sized studio, one, two and three-bedroom apartments with views to the Blue Mountains.

Tower A will rise 27-storeys, with 241 apartments, while Tower B is only permitted to rise nine-storeys, with a total of 75 apartments.&nbsp;

A five-storey podium will be included at the bottom of the building, with retail tenancies, a supermarket, residential and commercial lobbies, and a loading docks.&nbsp;

<img alt="Render of the Penrith development" data-entity-type="file" data-entity-uuid="94dc7adc-d007-49b9-b472-d9505f01b157" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-29%20at%201.02.42%20pm.png?VersionId=nC6kN7G6Js_faSA.0zIsDLKXRXw8QUtc" />Render of the proposed development at 184 Lord Sheffield Circuit.&nbsp;

A childcare and medical facility will also be located on the first level, along with 333 car spaces, 35 commercial car parks and two car wash bays.&nbsp;

Tower C will rise to 14-storeys, with 74 apartments, and Tower D will rise to 26-levels with 163 apartments.&nbsp;

Thornton is rapidly developing with several nearby developments completed or under construction.

The planned future, Thornton Central Village will form a key hub within the evolving residential neighbourhood, providing an improved connection between the nearby station and the commuter parking area, while also offering a range of retail facilities including a large supermarket, specialty shops, childcare, commercial space, and residences.

[smartcode_project_cta:default project_id=5740]

The $201 million plans from St Hilliers and First Point Property outline the construction of four mixed-use residential and retail towers, as part of the wider Thornton precinct 

alisonwarters@gmail.com

Final Thornton apartment plans lodged by St Hilliers and First Point Property

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Developers have continued to recognise the importance of incorporating open green space into their projects with home buyers increasingly looking for accessible leisure amenities.

Not only does nearby natural space benefit residents’ quality of life but convenient access to landscaped gardens helps foster a sense of community within a project.  

Here are four homes in New South Wales with nearby parklands space for fitness, leisure and relaxation. 
 

1. Allium, Pagewood 
Address: 128 Bunnerong Road, Pagewood NSW 2035 
Two-bedroom apartments from $815,000

[smartcode_project:default project_id=7822]

Meriton’s Pagewood development, Allium, is ideally located to offer families and first home buyers convenient access to championship golf courses, parklands and Sydney’s Eastern beaches.

As well as adjacent green spaces, the 487-apartment development includes podium gardens on the fifth floor, rooftop retreats and extensive turfed area for relaxation and summer dining. 
 

2. Collection, Rouse Hill 
Address: 49 Terry Road, Rouse Hill NSW 2155 
Two-bedroom apartments from $642,500

[smartcode_project:default project_id=6284]

Delivered by Marquess Group, Rouse Hill’s latest development comprising 311 apartments across three buildings offers residents an abundance of open, green space in Sydney’s north-west.

Masterplanned by architects DKO, Collection borders the popular Berowra Valley National Park and includes a meticulously landscaped communal garden for residents’ private use.   
 

3. Orchid, Eastgardens 
Address: 9 Oscar Place, Eastgardens NSW 2036 
Two-bedroom apartments from $835,000

[smartcode_project:default project_id=29389]

Orchid, the final stage of Meriton’s masterplanned Pagewood Green development in Eastgardens, offers a “residential oasis” within Sydney’s East, according to the project marketing.

Offering residents an ideal natural setting to recharge, the development is located nearby surrounding parklands, sporting fields and recreation facilities, including Centennial Park, Lakes Golf Course and the urban bushland at Moore Park. 
 

4. 1-39 Lord Sheffield Circuit, Penrith 
Address: 1-39 Lord Sheffield Circuit, Penrith NSW 2750 
Apartment prices available upon request

[smartcode_project:default project_id=29200]

Urban Property Group’s new Penrith masterplanned community is situated just metres from Penrith train station and local parks.

The community parklands, just moments away, offers playground equipment, open spaces and barbeque facilities that the whole family can enjoy.
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Here are four homes in New South Wales with nearby parklands space for fitness, leisure and relaxation

max.kwok_55688

Property insider guide: 4 stunning NSW homes with adjacent parkland

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With the abundance that Penrith has to offer, there's no question why this vibrant suburb is such a sought-after place to live, work and play. When it comes to modern life, this apartment delivers on every level.

<ul>
<li>Top floor position allows for expansive mountain views</li>
	<li>Kitchen with stone benchtops, European appliances</li>
	<li>Beautifully tiled bathroom and LED lighting under wall cabinet</li>
	<li>Secure basement parking and storage cage</li>
	<li>Security complex and pet-friendly body corporate</li>
	<li>Large glass sliding doors for great indoor/outdoor entertaining</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="/buildings/1-39-lord-sheffield-circuit-penrith?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1-39-lord-sheffield-circuit-penrith-f44a060b66506b421e768e49dc44b5b6.jpeg?itok=esYknuK1" style="width: 580px; height: 331px;"></a></figure>At your doorstep is a wonderful community park which includes playground areas and BBQ facilities that the whole family can enjoy. Directly adjacent to the train station with express trains taking only 23 minutes to Parramatta, and 49 minutes to the Sydney CBD, this is an exceptional opportunity for both investor and home occupier with promising capital growth.
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urban.com.au

Penrith welcomes newest apartment building, recently completed and ready to move in

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TOGA's development application for the first stage of Penway Place at Penrith has been approved.
The new residential community is set to commence construction in 2020 with completion expected by mid-2022. 
Penway Place is located on the corner of Union Place and High Street, marking the new gateway to Penrith CBD.
The area will benefit from significant government investment in infrastructure including a $1 billion upgrade to Nepean Hospital and an expected 42,000 to 55,000 extra jobs created by 2031.
Set to become the ‘New West’, Penrith is fast transforming into Sydney’s third CBD, TOGA chief Fabrizio Perilli said, with over 60,000 new residents expected in Penrith by 2031. 
SJB Architects and their design partner Architect Prineas were commissioned for the new urban residential and mixed-use precinct proposal.
The first stage of the larger masterplan for Penway Place will comprise two residential towers rising above a three-storey podium, featuring ground level retail and three levels of car parking. 
It will also feature a mix of one, two and three-bedroom apartments, with a number of them with views to the Nepean River and neighbouring Blue Mountains.
Penway Place is on the doorstep of a major Westfield shopping centre, a few minutes’ walk to Penrith train station and down the road from the Penrith Panthers Leagues Club.  
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j.ballantyne1990-6AQqhLzZaK

Penway Place, TOGA’s Penrith project secures approval

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Western Sydney's new Bankwest Stadium has received praise from hospitality company Accor, who claim the project is leading to a positive local economic impact.
According to a report commissioned by the City of Parramatta Council, Parramatta’s local economy receives a million-dollar boost every time an event is held at the new Bankwest Stadium.
Economic analysis was undertaken by Micromex Research, which revealed three sporting events at the stadium generated an estimated total of $2.92 million for the Parramatta Local Government Area, so far this year.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/4/Bankwest%20stadium%201.jpg" alt="">
Since the opening of Bankwest Stadium, hotels in Parramatta and surrounding areas are reporting apparently unprecedented occupancy levels on event days that are continuing to climb to around 80%, up around 20%, when compared to non-event days. 
Bankwest Stadium has also had an impact on incremental spend, with Novotel Sydney Parramatta, for example, reporting an increase of over 50% spent at the restaurant, bar and parking, on game days. 
Simon McGrath, Chief Operating Officer for Accor Pacific, oversees over 400 hotels across Australia, New Zealand, Fiji, French Polynesia, and Hawaii and says the NSW Government’s decision to invest in Bankwest Stadium as a world-class venue is a great tourism success story, which extends well-beyond the stadium itself. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/4/Bankwest%20stadium%202.jpg" alt="">
The project has not been without controversy however, with fans criticising the design when it opened earlier this year, and suggesting that some seating areas had obstructed views of play.
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Parramatta's new Bankwest Stadium hailed as economic "success story”

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Demolition of the old bridge on the June 2019 Queen's Birthday long weekend which connected The Northern Road across the M4 Motorway at Orchard Hills is now complete, with around 6,000 tonnes of concrete and steel removed.
Around 60 workers did the job across the long weekend to demolish an old bridge across one of the busiest motorways in Sydney.
Minister for Roads Andrew Constance said crews are packing up demolition equipment and temporary protection measures across the M4 to reopen the motorway to traffic before Tuesday’s morning peak.
“Demolishing the old bridge in three days, rather than the alternative of up to 20 weeks of night closures, has minimised disruption to both motorists and residents and improved safety for workers.”
“The old bridge was more than 40 years old and needed to be removed as it no longer had the capacity to meet the future traffic needs of Western Sydney.
Constance said a range of equipment was used to demolish the old bridge including cranes, excavators, trucks, hand tools and pulverisers.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/Bridge-demo.jpg" alt="">
The bridge demolition by excavators with claw-like attachments removed the deck and piers in around 36 hour. 
The material removed from the old bridge has been transported to stockpile areas and will be recycled for use on the remainder of The Northern Road upgrade between Glenmore Parkway and Jamison Road.
The Northern Road upgrade between The Old Northern Road and Jamison Road will provide increased road capacity for expected future growth and development when complete in 2022.
The Federal Government has committed $1.2 billion to the $1.6 billion The Northern Road Upgrade, with the NSW Government committing $400 million.
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The Northern Road upgrade see Orchard Hills bridge replacement over Queen's Birthday long weekend

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A former Wiseberry Penrith real estate agent, Christopher Black, has been convicted of trust account fraud.
He misused more than $124,000 after the sale of two homes.
Black also pleaded guilty to failing to keep deposits for the two properties, worth more than $158,000, in a trust account.
Minister for Better Regulation Matt Kean said Black misused the money for personal use. 
“Black had no authority to withdraw money out of the company trust account.” 
Black was sentenced to 18 months imprisonment, to be served by intensive correction order, with a condition that he completes 400 hours of community service and undertakes mental health treatment.
He has the right to lodge an appeal.
Wiseberry Penrith has been under new management since March 2017.
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Former Wiseberry Penrith estate agent convicted of trust fund misappropriation

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Having signed a five year contract extension at the Penrith Panthers, young NRL star Nathan Cleary has bought a home in the area.

The half-back, who celebrated his 21st birthday on Wednesday, paid $1.05 million for an updated 1970s home just five kilometres from Penrith Stadium.

Cleary has benefited from the decline in the Sydney housing market, paying $150,000 less than its initial asking price.

It came with $1.2 million hopes, before price reductions on the four bedroom home saw it sold after 100 days on the market through PRD Nationwide Penrith agent Daniel Latty.

The home has been updated since last traded for $628,000 in 2012, just as the five year city-wide house boom began.

The home comes with new kitchen and bathroom.

[smartcode_project:default project_id=29359]

There's a formal lounge with a feature fireplace and a family room which opens onto the raised alfresco that overlooks the pool.

Cleary, who's been briefly up to Bali for an off-season holiday, has been living at home with his parents, Ivan and Rebecca.

He was entering the final season of his contract before he signed on the dotted line in September.

He dispelled rumours that staying at the Panthers had anything to do with the hiring of his dad as head coach, who left the Wests Tigers to take over the role from Anthony Griffin.

"It's got nothing to do with my old man, I was happy to make the decision by myself," he said in a recent Fox Sports interview.

"I don't think I ever thought I was going to leave even with what was going on."

Ivan Cleary won't necessarily need to crash in one of his son's four bedrooms after late night games.

The coach retains a four bedroom home at Leonay which was bought in October 2013 for $1,175,000 during his first stint at the helm of the Panthers who he took over following five years at the New Zealand Warriors.

He also bought at Newport last year after upsizing from nearby.

Cleary and Rebecca paid $2.3 million for the home of professional surfer Ozzie Wright, before demolishing the three bed property and build a brand new $880,000 home with pool on the 525 square metre elevated parcel with ocean views.

This article was first published in the Saturday Daily Telegraph. 
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NRL star Nathan Cleary buys Penrith home

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Boyuan Holdings has sold the Peachtree Hotel in Penrith, Western Sydney for $16.5 million.
It was bought in July 2017 to provide the company with additional revenue.
It sold to an "experienced third party hotel operator," understood to be hotelier Jason Marlow of Marlow Hotels. 
The Boyuan chief executive Caden Wan said the sale followers a strategic review.
<div>
The pub stands on a large 10,055 square metre site on Castlereagh Road close to the Penrith CBD.
It was bought from long-time owners the Parras family for $15.5 million.
The Parras family had paid $6.95 million in 2002 before undertaking a major upgrade.
Its facilities include a beer garden, bistro and bottle shop.
Boyuan, an offshoot of the Hong Kong-listed real estate company Jiayuan, became the first Chinese real estate company to list on the Australian Securities Exchange when it floated in October in 2016.
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<div>It owns residential and commercial development sites in outer Sydney and the Hunter Valley.</div>
<div> </div>
<div>Last month the ASX-listed property group Boyuan Limited announced it will lead a consortium to develop a 344-hectare masterplanned health, retail and logistics development, the "Northern Gateway development", at Sydney's proposed second airport, Badgerys Creek.</div>
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Boyuan sells Peachtree Hotel for $16.5 million

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Penrith in Sydney's west is shaping up as one of the city's newest growth hotspots.
The population levels are expected to jump from 195,000 to 260,000 by 2031, and the area's economic catchment is tipped to expand to one million people over the same period.
A number of property developments are slated for the suburb.
The latest is Toga's newest development, Penway Place, on the corner of Union Place and Mulgoa Road.
The first stage of the development will comprise 81 apartments, designed by SJB Architects who won the recent design competition.
They will work with their design partner Architect Prineas on the four-building development that provides a new urban residential and mixed-use precinct.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/penway2.jpg" alt="">
Fabrizio Perilli, TOGA CEO, said SJB’s design stood out in what was a high-quality field of design competition entrants.
“We received some truly fantastic submissions from highly-respected design and architecture firms, but at the end of the day, SJB and Architect Prineas’ concept for Penway Place most closely matched our own vision for this part of Penrith and the community,” Perilli said.
“The development will draw on feedback from local residents by directly connecting with its environment and the local landscape, finding inspiration in natural elements such as layered barks, gum leaves and earthy textures.
“The project’s key theme is ‘Live Your Way’, and what SJB have put forward will allow the growing Penrith community at Penway Place to enjoy life to the fullest in what is being termed Sydney’s ‘New West’.” 
The first release of the development is set to feature a mix of one, two and three-bedroom apartments, with a number offering views to the Nepean River and neighbouring Blue Mountains. 
Penway Place is also planned to include a vibrant public plaza and retail precinct, providing a lively space for Penrith locals and visitors to enjoy.
There will be a private landscaped podium with a BBQ and seating areas, a community garden, gym, multi-purpose / kids play room and outdoor dog park.
The idea of the ‘New West’ is a key driver in Penrith City Council’s Economic Development Strategy, which has outlined a vision targeting an increase of between 42,000 and 55,000 local jobs by 2031 – across the health, education, tourism, arts and culture, advanced manufacturing and advanced logistics sectors – further boosting the suburb’s future prospects.
“Looking ahead at what the next decade or so will mean for Penrith, it’s exciting times,” Perilli added..
“This population will undoubtedly need access to quality, affordable housing, from first homebuyers to downsizing locals, and this is what we are aiming to provide for the community.”
To find out more about Penway Place, <a href="https://www.propertyobserver.com.au/penwayplace.com.au." target="_blank">click here.</a> <a href="https://www.penwayplace.com.au/"> </a>
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