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

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

<a href="https://www.apartments.com.au/developers/golden-sedayu">Golden Sedayu</a> has unveiled plans for the next phase of its landmark $4 billion <a href="https://www.apartments.com.au/new-townhouses/burswood-point-saintly-entrance-burswood-wa-6100">Burswood Point</a> project, just 3.5km from the Perth CBD at the Belmont Racecourse site.

The Local Development Plan Application has been lodged for a world-class mixed-use hub (Precinct B) on the previously untouched 2.5km stretch of Swan River foreshore.

Designed by Skidmore, Owings &amp; Merrill (SOM), recognised for their work on the world’s tallest skyscraper, Burj Khalifa in Dubai and the One World Trade Centre in New York, Precinct B will feature 15 buildings, offering a mix of residential and commercial spaces including a shopping centre up to 30,000 sqm in size.

Complementing this, an internationally acclaimed five-star hotel, and a high-end pedestrian-friendly retail boulevard with vibrant day-and-night retail, dining, and entertainment venues, will provide exciting new ways for Perth residents to connect with the riverfront.

This latest milestone signals continued construction and expansion momentum across Perth’s premier riverfront community, which is set to attract local, national and international visitors.

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The masterplan features 110,000 sqm of public open space, which is comparable to other Perth landmarks including inner-city Langley Park and South Perth foreshore. The riverside precinct will be brought to life through a visionary landscape concept by globally renowned architectural practice Grant Associates.

With an impressive international portfolio, including Gardens by the Bay and Funan Mall in Singapore and Barangaroo South in Sydney, the firm brings expertise in creating environments that harmonise with surrounding amenity.

At 38 hectares, Burswood Point is one of the largest urban development projects ever undertaken in Australia, and one of Perth’s most transformative mixed-use developments.

Golden Sedayu Managing Director Andrew Sugiaputra said the company was working closely with SOM, Grant Associates and the Government of Western Australia to ensure Burswood Point’s design responds sensitively to its surroundings, reflecting and enhancing the character, history, and natural features of the local environment.

[smartcode_project:default project_id=142314 project_image_fid=1817]

“West Australians enjoy a privileged outdoor lifestyle and the Swan River is central to their enjoyment,"&nbsp;Sugiaputra said.

"We’re proud to be creating something truly spectacular and unique for the city, a place that feels alive from sunrise to sunset, a place where people can stay, shop, dine, and celebrate life on the river."

Precinct B builds on the outstanding success of Burswood Point’s first residential stage, which has been met with exceptional market demand. Somerset Residences, a two- tower luxury apartment development, and the exclusive riverfront homes collection are under construction and selling fast. As the number of Perth houses listed for sale remain at or near record lows, Burswood Point will deliver 4,500 new homes over the next 10 years.

“Golden Sedayu is dedicated to delivering on our promises,"&nbsp;Sugiaputra added.

"Our clients can buy with confidence, knowing that the price is fixed throughout construction. In an industry that has faced challenging market conditions, we’re proud to provide our clients complete peace of mind and confidence in the value of their investment."

&nbsp;

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Golden Sedayu reveals next 15 buildings in Perth's $4 billion Burswood Point precinct

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

Staff Writer

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

Deicorp is doubling down in the Hills Showground Station Precinct, the rapidly growing area surrounding the Castle Hill Metro and one of the state’s largest transit-oriented urban renewal sites.

Having launched Hills Showground Village several years ago, and now about 70 per cent through its build, Deicorp has brought another mini-masterplan to market just a few streets away.

The developer has now released the first of 873 residences in <a href="https://www.apartments.com.au/new-apartments/showground-pavilions-castle-hill-3-andalusian-way-castle-hill-nsw-2154">Showground Pavilions</a>, five new buildings located just 500 metres from the Metro, which connects Castle Hill residents to Martin Place in around 37 minutes.

[smartcode_project:default project_id=150067 project_image_fid=351416]

The mix includes one, two, and three-bedroom apartments, as well as a limited release of garden terrace homes with studies.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/turner-studio">Turner Studio</a> and <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a>, the residences are configured around a network of landscaped courtyards and podium-level gardens, with additional rooftop terraces offering views across the district.&nbsp;Communal amenities include a 3,500 sqm public park, playgrounds, shaded seating areas and walking and cycling paths.

[smartcode_project:default project_id=150067 project_image_fid=351416]

Interiors feature flexible layouts with oversized living areas, deep balconies, SMEG kitchen appliances and floor-to-ceiling glass to maximise light and airflow.&nbsp;

Many apartments include a study space, while select residences offer private outdoor areas. A total of 44 apartments have been designated as affordable housing for key workers, such as nurses, teachers and police officers.

&nbsp;

[smartcode_project:default project_id=150067 project_image_fid=351413]

On top of its strong connectivity to the city, Deicorp has delivered significant new amenity to the area. The developer recently opened the 9,500sqm, four-level retail precinct at Hills Showground Village, which includes 26 specialty retailers and a 1,400sqm public plaza, creating a new community hub for shopping, dining, fitness, and everyday convenience. Castle Towers, one of Australia’s largest shopping centres, is also just one Metro stop away.

Between Hills Showground Village and Showground Pavilions, Deicorp is delivering more than 1,300 new homes to the rapidly growing Castle Hill precinct, representing a $2 billion investment in the suburb.

Showground Pavilions is one of several Metro-linked projects in Deicorp’s pipeline, joining developments at Tallawong Village, Zetland, Five Dock, Macquarie Park and Crows Nest.

[smartcode_project_cta:default project_id=150067]

Deicorp expands Castle Hill footprint with Showground Pavilions launch

The completion of Melrose Park Village marks a significant achievement in the evolution of one of Sydney’s largest urban renewal projects, developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>.&nbsp;

Located in the city’s north-west, <a href="https://www.apartments.com.au/new-apartments/melrose-park-village-2a-2f-appleroth-street-nsw-2114">Melrose Park Village</a> represents the fourth completed stage in the broader $5 billion Melrose Park masterplan, which will ultimately bring over 6,000 new homes, a town centre, new schools and 52,000 sqm of green open space.

The completion of Melrose Park Village delivers 421 apartments across six buildings ranging from six to thirteen storeys, all centred around a 4,000 sqm landscaped courtyard designed as a communal “urban backyard” for residents.&nbsp;

The project is now 96 per cent sold, with 14 premium three-bedroom apartments remaining in the final building. Each offers two car spaces with prices starting from $1.259 million.

Alex Grujovski, Project Director, Apartment &amp; Mixed-Use Developments, said “Sekisui House Australia is proud to celebrate the completion of Melrose Park Village, which stands as a sustainable and connected community in the heart of Sydney’s north-west.&nbsp;

“This project represents a pivotal step in our long-term vision for <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>, reflecting our commitment to creating communities that blend nature, technology and human connection. Since 2020, we have delivered over 1,075 apartments across four stages, each designed to enhance wellbeing, connectivity and convenience through exceptional architecture and resident-focused amenities.”

[smartcode_project:default project_id=150065 project_image_fid=356089]

Residents benefit from an array of lifestyle facilities including a 4,000 sqm internal park, rooftop gardens and BBQ areas, wellness amenities such as an infrared sauna, yoga studio and gymnasium, plus co-working spaces, pet wash facilities, EV charging stations and a resident shuttle bus.&nbsp;

Sustainability remains at the core of the precinct with rooftop solar, smart energy meters, air and water filtration systems and groundwater reuse technology supporting efficient resource use.

Melrose Park Village was designed by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, who have led the design of the broader Melrose Park masterplan since inception, developing architectural principles that continue to guide the precinct’s evolution.

Michael Heenan, Design Lead at AJC Architects said the design is completely generated by AJC’s Urban Backyard concept.

"At the heart of Melrose Park Village is a generous green courtyard, a shared backyard for all residents. We designed it at the scale of a local park, a place for families to live, play and grow, capturing the spirit of the Australian backyard.”

The courtyard features nature play areas, a climbing wall and open lawns for social and recreational use. Heenan added that the team’s approach to smart city design, carbon capture and sustainability guided every aspect of the project.&nbsp;

“Stage 4 reflects our belief that density can improve liveability. By integrating architecture, landscape and open space, we have created a model for sustainable urban living that feels contemporary and distinctly Australian.”

&nbsp;

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&nbsp;

Melrose Park Village was delivered in partnership with <a href="https://www.apartments.com.au/builders/parkview">Parkview Constructions</a>, a trusted builder with whom Sekisui House Australia has delivered thousands of apartments across Sydney over the past 15 years.&nbsp;

Upon completion, Melrose Park will deliver more than 6,000 dwellings, 52,000 sqm of open green space featuring over 1,400 mature trees, new transport connections, a town centre set to open in 2026 and Melrose Park High School which is currently under construction and due to open in Term 1 2027.&nbsp;

This milestone marks another major step towards realising Sekisui House Australia’s vision to transform a former industrial site into a future-ready neighbourhood for over 12,000 residents.

[smartcode_project_cta:default project_id=150065]

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

Third.i

Third.i and Toohey Miller's <a href="/developments/potts-point-nsw-2011">Potts Point</a> joint venture, <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a>, has kicked off its sales campaign.

The newly launched project of just 13 one, two and three-bedroom apartments on Brougham Street near Woolloomooloo has been designed by WMK Architecture to reflect the architectural and natural heritage in one of Sydney's oldest neighbourhoods.&nbsp;

The design has been curated to evoke a sense of elegance, with a contemporary yet timeless render that will blend into the <a href="/developments/potts-point-nsw-2011">local Potts Point area</a>. Wide flowing terraces will amplify the sweeping views on select residences, drawing from the beauty of the harbour and city landscapes.

[smartcode_project:default project_id=112613 project_image_fid=231687]

A communal rooftop will top the project, complete with a residents only pool and expansive scenery.

Read more: <a href="/news/nsw/city-beat-october-2023-all-markets-transacting-in-the-sydney-off-the-plan-apartment-market">City Beat October 2023: All markets transacting in the Sydney off the plan apartment market</a>

The interiors have been in the control of architecture and interior design practice Mathieson and will encompass large&nbsp;living spaces, with bespoke finishes.

Phillip Mathieson said&nbsp;each apartment "has been designed to capture the essence of inner-city living, and beauty in simplicity."

Each apartment will have rich artisan detailing and capacious oak veneer cabinetry that seamlessly blends into the open living areas. A floating limestone clad fireplace shapes an atmospheric place to retreat, entertain and live.

The spaces will feature a suite of high-end appliances including a Wolf induction cooktop, built- in microwave oven, and pyrolytic oven, a V-Zug fully integrated dishwasher, and a fridge and freezer by Sub Zero.

Italian lighting studio, Viabizzuno, will be providing all the lighting at <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a>, marking the first development in Australia to be exclusively Viabizzuno. Known for coupling beautiful materials with the best in lighting technology, Viabizzuno lighting is the favoured lighting supplier in numerous luxury fashion houses including Chanel, Gucci and Valentino.

[smartcode_project:default project_id=112613 project_image_fid=231688]

Third.i Co-Founder and Director Luke Berry said they are thrilled to be launching the company’s first project in <a href="/developments/potts-point-nsw-2011">Potts Point</a>, sharing that they worked with the council and responded to the needs of the local community to create a legacy project that will complement the area, limit impact to the neighbours and support the growth of the suburb. 
 
“We have brought together some of the best minds of design and architecture, to deliver something truly unique to Potts Point," Berry said.

"<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a> not only encapsulates the essence of the neighbourhood and suburb, but also presents stunning apartments that are skilfully designed to optimise the seamless integration of indoor and outdoor living spaces.

“We are thrilled to offer buyers an opportunity to secure their slice of boutique living in the heart of <a href="/developments/potts-point-nsw-2011">Potts Point</a>. Residents will have effortless access to an array of amenities included in <a href="/developments/potts-point-nsw-2011">Potts Point's vibrant lifestyle</a>, ensuring they can fully embrace the offerings of this dynamic neighbourhood."

[smartcode_project:default project_id=112613 project_image_fid=231689]

The demand for premium, lifestyle properties in <a href="/developments/potts-point-nsw-2011">Potts Point</a> and Sydney’s East remains strong due to prestige downsizers looking to sell their family homes.

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a> is located on Brougham Street and is within walking distance of the Royal Botanic Garden, the recently opened Sydney Modern Art Gallery, and the vibrant local dining and café scene.

Construction is scheduled to begin in late 2023 and works are expected to wrap up by the end of 2025.

[smartcode_project_cta:default project_id=112613]

“We have brought together some of the best minds of design and architecture, to deliver something truly unique to Potts Point," Third.i's Luke Berry said



Third.i and Toohey Miller launch Muse Potts Point apartments

The popular New South Wales property developer&nbsp;Third.i has launched the last remaining homes in its luxurry Paragon of Pyrmont project.

The $113 million project, which officially wrapped up construction of its 31 residences in 2021, has just two homes remaining.

The final townhouses have three and four-bedrooms and are priced between $3.95 million and $4.5 million.

[smartcode_project:default project_id=5761 project_image_fid=198493]

The project is a rare offering for the suburb, largely dominated by apartment living.

According to the most recent Australian Bureau of Statistics data from 2016, over 92 per cent of available dwellings in Pyrmont consisted of apartments and units with just 6.5 per cent townhouse dwellings available.

The buyers so far in Paragon of Pyrmont have mostly been downsizers and owner-occupiers.

[smartcode_project:default project_id=5761 project_image_fid=198491]

Third.i&nbsp;Co-Founder and Director of Sales and Marketing Luke Berry says the remaining townhouses won&rsquo;t last long in a hungry market.

&ldquo;Paragon of Pyrmont is the epitome of spacious and luxury living in the epicentre of the city of Sydney,&quot; Berry said.

&quot;We are thrilled to see our final two residences hit the market and couldn&rsquo;t be prouder of the calibre we have created with the project in tailoring it to suit all buyer lifestyles.

[smartcode_project:default project_id=5761 project_image_fid=198490]

&ldquo;Buyers will feel the quality and consideration given to the project the minute they walk through the front door. We have combined city living and spacious living to create the ultimate residence in a suburb renowned for apartment and unit offerings.

&ldquo;Buyers are drawn to the uniqueness of townhomes available in Pyrmont and the fact these final residences are complete and ready to move into makes the listings even more desirable.&rdquo;

Each townhouse is kitted out with high-end Gaggenau appliances, a smart home system that can be access remotely, and an entertainment unit with a hydraulic television lift. There&#39;s also private lift access direct from the garage, which is met by a wine room with storage for around 250 bottles.

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Crowning each townhouse is a private rooftop terrace, complete with an outdoor kitchen and watering system for green, lush gardens, as well as a sundeck which benefits from city top views.

&ldquo;Paragon of Pyrmont just has it all in terms of spacious living, high-end amenities, access to local shops and transport, all while situated in the heart of Sydney with some of the most famous harbour views the city has to offer,&quot; Berry added.

&quot;This is a project Third.i will forever be proud of and joins our growing list of legacy projects for generations to come.&quot;

[smartcode_project_cta: project_id=5761]

Leading Australian property developer, Third.i has launched the last remaining homes in its luxury $113 million Paragon of Pyrmont project.



alisonwarters@gmail.com

Two townhouses remain in Third.i’s Paragon of Pyrmont

The burgeoning Sydney apartment developer, Third.i, is taking on its first project in the affluent harbourside suburb of Potts Point, further expanding their $2.5 billion pipeline.

Fresh off the back of a launch weekend near sell-out of its high-end Lindfield mixed-use project, Balfour Place, Third.i has submitted plans to the City of Sydney council for a boutique development at 30A-34 Brougham Street, located in front of the popular restaurant, The Butler, on Victoria Street.

Third.i, alongside their joint venture partner Toohey Miller, who are teaming up again having previously developed the&nbsp;North Sydney commercial tower Warada on Walker together, are set to create a new part six, part seven-level residential building with just 14 apartments.

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point"><img alt="" height="651" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-20_at_8.55.41_am.png" width="1129" /></a>

WMK Architecture has designed the striking building, of which they said they wanted to achieve the following outcomes:

1. Compliment a breathtaking view with a building of high calibre, persuing excellence in quality and function

2. Respond sensitively to the architectural and cultural history of Potts Point.

3. Celebrate the natural heritage of the site and its defining feature.

There will be a mix of one, two and three-bedroom apartments, with the top level apartments featuring deep terraces with extensive views.

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point"><img alt="" height="655" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-20_at_8.55.29_am.png" width="1137" /></a>

The site currently holds an aged, four-storey residential apartment building with a semi-submerged basement.

WMK note in their design verification statement that the site itself is not identified as a heritage item but it is located within the Woolloomooloo Heritage Conservation area.

&quot;The immediate context is rich in historical architecture including Victorian terrace row-houses nestled alongside more contemporary developments.

&quot;The local vernacular predominantly includes two to four-storey terrace houses with balconies oriented toward the West. Many of these building facades are adorned with decorative balustrades and brick or timber cladding.&quot;

They suggest the&nbsp;proposed design draws inspiration from both the architectural and natural heritage of the site and surrounds.

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point"><img alt="" height="660" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-20_at_8.55.20_am.png" width="1142" /></a>

&quot;The scale and repetition of vertical elements of the neighbouring Victorian terrace houses have been adopted for the proposed podium fa&ccedil;ade to create a strong, cohesive edge along Brougham Street.

&quot;The use of sandstone for the podium intends to create a visual connection to the exposed cliff face that protrudes out from below the large apartment building to the North.&quot;

Third.i,&nbsp;founded by Luke Berry, Robert Huxley and&nbsp;Ron Dadd in 2005, are also currently developing the Dairy Farmers site in Newcastle in to two towers, one of which will be the tallest in the city.

Always aware of how they can innovate and improve their offering for the buyer, Third.i recently launch CoPosit, which allows potential buyers secure a&nbsp;property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments until the apartment is ready. That&#39;s in operation at the Newcastle project, with around 10 per cent of buyers using the tool.

Urban recently caught up with Third.i co-founder Luke Berry. To read a bit more about how Third.i operate, <a href="/news/nsw/how-the-sydney-apartment-developer-third-i-always-puts-the-buyer-first-five-minutes-with-luke-berry">click here</a>.

The site currently holds an aged, four-storey residential apartment building with a semi-submerged basement

First look: Third.i and Toohey Miller plot $22 million new apartment project in Potts Point

The Sydney-based developer, Third.i, are continually trying to break new ground in what type of product they are bringing to&nbsp;the off the pl​an apartment market.

It&#39;s been a pillar of Third.i since it was founded by Luke Berry, Robert Huxley and&nbsp;Ron Dadd in 2005, so much so it forms a key part of the company name.

I recently got to catch up with Luke Berry, who also handles Third.i&#39;s sales and marketing, to discuss the company&#39;s current direction and how they like to develop.

&quot;The name Third.i was very much formed with the two most critical elements&nbsp;to development; investment and infrastructure,&quot; Berry said.

&quot;We follow planning, jobs growth, and the inevitable need for housing in those areas.

&quot;Infrastructure is key; where the government are spending, where there&#39;s private spending on infrastructure, new transport hubs etc. Always invest where infrastructure is and is planned to be.&quot;

The third I was more in the spiritual sense, Berry added.

&quot;We are always trying to think ahead, constantly challenging both ourselves and pushing the boundary as to what&#39;s conceivable in apartment development.

&quot;We try and create apartments and a style of housing that people don&#39;t even know they want yet. We think of the projects people are going to need, rather than what they necessarily need right now.&quot;

Their latest innovative venture however isn&#39;t about what they&#39;re offering a buyer in terms of the product they are creating. It&nbsp;goes well beyond that.

The team has recently launched CoPosit, which allows potential buyers secure a&nbsp;property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments until the apartment is ready.

That&#39;s available for buyers at the Dairy Farmers project in Newcastle&#39;s West End, where already 100 of the 184 apartments have been sold. Around 10 per cent of those buyers have used CoPosit.

[smartcode_project:default project_id=109979 project_image_fid=187054]

&quot;Developers usually need five or 10 per cent deposit minimum as a bank needs a qualifying presale to provide funding for the project,&quot; Berry said.

&quot;But we&#39;ve managed to crack open the door for first home buyers, who, if they can&#39;t stump up a deposit, can still secure an apartment and take advantage of the price growth of that apartment during the construction phase.

&quot;Traditionally, those buyers would maybe have to wait a year, or wait until completion, before they can buy the apartment. With the way the property market has gone in recent years, that&#39;s a lot of growth they&#39;ve missed out on. They&#39;re potentially paying $50,000 more for that same apartment they couldn&#39;t get a few years earlier when it wasn&#39;t complete.&quot;

[smartcode_project:default project_id=109979 project_image_fid=187061]

Berry says he believes the scheme will completely revolutionize off the plan sales.

The Dairy Farmers project will&nbsp;comprise a separate five story-building that will house the very first residents&rsquo; shared work hub coupled with 1600 sqm of commercial and retail space.

The development will also include a range of exclusive amenities featuring communal green spaces, a state-of-the-art gymnasium, cabana pool areas with a lap pool, a wine bar and cellar, as well as multiple function rooms.

The Newcastle West site was once home to Dairy Farmers - one of Australia&rsquo;s largest dairy producers. In a nod to the history of the site, Third.i will re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianized, broader public art installation.

[smartcode_project:default project_id=109979 project_image_fid=187069]

&ldquo;We feel like the West End is our second home and we are excited to be part of its revitalisation,&quot; Berry said.

&quot;We want Dairy Farmers Towers to be a West End icon, a landmark that will be reborn to create a new chapter in the West End&rsquo;s growth as a great place in which to live, work and play.

&ldquo;Residents will have some of the best views in town, as well as the harbour, great dining and entertainment options, and the transport interchange at their doorstep. To create a true sense of community for residents, we&rsquo;ve really focused on incorporating communal green spaces andcommercial and retail spaces to add diversity of housing options for locals.&rdquo;

A large number of locals have made up part of the buyers so far,&nbsp;a mix of downsizers wanting to live in an urban apartments and first home buyers who see the entry level apartments as good value for money.

There&#39;s also been a number of investors, both from Newcastle and Sydney.

Third.I, has always been forward thinking - and is one of the largest providers of SDA (Specialist Disability Accommodation) apartments along the East Coast of Australia.&nbsp;They have a partnership with Aruma (formerly House with no steps) and many other SIL&rsquo;s (Specials Independent Living Advisors) to provide suitable accommodation in their medium and large scale developments.

&quot;ESG (environmental, social and governance)&nbsp;has always been important to us, and the commitment we have in creating SDA Housing is a cornerstone of our business policies in providing social housing&quot; Berry added.

It was at the forefront of their efforts in London. Both of their London projects, the completed Battersea apartment building currently under construction,&nbsp;and the upcoming Vauxhall development, has around a third of its development set aside for&nbsp;people who couldn&#39;t traditionally afford them.

&quot;We have around 30, 35 per cent of our developments in the UK reserved for people like nurses, school teachers, train drivers, single parents who struggle to afford to get in to the property market,&quot; Berry says.

The expansion in to the UK has seen Third.i&#39;s global footprint expand, with meaningful conversations with huge REITS and investment firms.

&quot;What London has done has cracked open the door for Third.i to forge international business relationships with funders, agents, based in Singapore, Dubai, Hong Kong, Malaysia, all which wouldn&#39;t have happened if it wasn&#39;t for the investment in to the UK market.&quot;

&quot;We have a big vision, big dreams, and now we&#39;re in a position to chase them,&quot; Berry said.

"The name Third.i was very much formed with the two most critical elements to development; investment and infrastructure," Berry said.

How the Sydney apartment developer, Third.i, always puts the buyer first: Five minutes with Luke Berry

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

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

Third.i

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