Developer Tian An LFD has been given the green light from the NSW Government's Housing Delivery Authority to go ahead with its new Chatswood apartment development, <a href="https://www.apartments.com.au/new-apartments/hammond-greens-chatswood-5-9-gordon-avenue-chatswood-nsw-2067">Hammond Greens</a>.

The 35-storey mixed-use tower at 5-9 Gordon Avenue, on the edge of the Chatswood Bowls Club, will comprise 91 apartments, 22 of which will be affordable homes managed by Link Wentworth. They will sit above a two-level podium with retail and commercial space.

The plans were upsized from the early 25-storey scheme which proposed 64 apartments, following the Government's new planning provisions under the Housing SEPP that gave developers the opportunity to increase heights and floor place in exchange for an affordable housing component.

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The design by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>&nbsp;builds on the concept first presented when the firm won the site’s design competition, describing Hammond Greens as “a unique form of vertical living that belongs on the North Shore - drawing on the vernacular and materiality of suburban living, and integrating native landscaping between the narrow tower forms”.

At ground level, 1,500 sqm of retail and commercial space will activate the podium, supporting a hybrid work environment and creating a stronger connection with the local community. Residents will also have access to an outdoor pool deck, yoga room, golf simulator, and landscaped gardens designed by <a href="https://www.apartments.com.au/landscape-architect/sturt-noble-landscapes">Sturt Noble Associates</a>.

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Located less than 500 metres from Chatswood Transport Interchange, the project contributes to the suburb’s growing pipeline of high-density development. It joins the likes of Changfa's recently launched The Anderson and Billbergia's Chatswood Grand Residences.

Hammond Greens is the first of two towers Tian is planning in Chatswood. They have a sister project, dubbed Hammond Place, just one street away at 15-19 Nelson Street. That will have around 110 apartments.

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Joel Robinson

Tian An LFD greenlit for Hammond Greens apartments in Chatswood as project launches

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.

[smartcode_project:default project_id=140184 project_image_fid=356342]

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.

[smartcode_project:default project_id=140184 project_image_fid=356341]

Developer Toohey Miller, led by Nick Couloumbis, says the design aims to bring lasting quality to an area long celebrated for its apartment heritage.

"It's a stone's throw from the best restaurants in Sydney. Some people call it the Soho of Sydney," Couloumbis told Apartments.com.au when the project was approved.

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By securing <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Resilience Latent Defects Insurance</a>, Barncleuth joins a growing group of premium Sydney projects adopting the gold standard in building protection.&nbsp;

The cover, provided before construction begins, ensures any hidden structural or waterproofing defects are repaired immediately, without lengthy litigation or fault disputes.

Resilience Insurance CEO Corey Nugent said the product has been a catalyst for renewed confidence in the off the plan market.&nbsp;

“Ultimately what we’re trying to do is build better buildings consumers can trust. When buyers take possession, they have full insurance protection from day one, for 10 years,” Nugent explained.

Unlike traditional policies such as strata or construction insurance, Resilience LDI is a first-resort, strict liability policy, meaning repairs are covered immediately without needing to prove negligence. Coverage extends to foundations, load-bearing walls, and waterproofing, the elements most critical to long-term structural integrity.

Regarded construction firm Jasara has been appointed to deliver Barncleuth. They are forecasting an early 2027 completion.

[smartcode_project_cta:default project_id=140184]

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.

[smartcode_project:default project_id=142314 project_image_fid=263304]

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;

[smartcode_project_cta:default project_id=142314]

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.

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.

[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

Western Sydney

First home buyers and investors are driving the demand in the apartment market in Sydney's western suburbs.

That's what Ray White Projects Western Sydney Managing Director Mark Bernberg, who has seen the market go back and forth in 2022, recently told Urban.

He's calling it the "summer of love" for the two buyer camps.

"First home buyers are taking advantage of the generous government incentives, opting either for the government's stamp duty concessions, or choosing to pay a land tax rather than stamp duty all together," Bernberg says, adding that investors are also well and truly back in the market after a hiatus over the last few years.

"Investors are acting on the current rental crisis which is happening Sydney-wide. They're coming into the market in the knowledge that when projects are complete, they'll be seeing considerably stronger yields than they ever have before."

Sydney was the only capital which bucked the trend of quarterly rental growth decline, according to CoreLogic. Sydney recorded a new cyclical peak of 43 per cent over the three months to October, thanks to the strong return of overseas migration.

Demand for first home buyers and investors was obvious in the Castle Hill apartment development Castle Island by KWG (pictured main), where Ray White Projects sold out all of the one-bedders in the project in double-quick time.

[smartcode_project:default project_id=112005 project_image_fid=191253]

The demographic Bernberg is seeing less of is downsizers, who were prominent at the start of the year, but are now starting to reconsider their options as the established housing market continues to dip.

"The majority of downsizers are feeling like they missed the boat to sell their current family home for a premium when prices were at an all time high earlier this year," Bernberg suggests.

He is still seeing some activity in the downsizer market, from those who believe the market could scale back another 10 to 15 per cent and they want to sell sooner rather than later.

Bernberg, who helped set up Ray White's new projects division in Western Sydney earlier this year, believes apartments will outperform houses over the next 12 to 18 months.

"The apartment market as an asset class has everything going for it," Bernberg says.

"Apartments are more affordable than houses, yields are considerably better, there's never been more government incentives in place , and migration is starting to climb."

Demand has bounced around in 2022, which, rather than a tale of two halves, has almost been a tale of three thirds.

"We started the year with real positive momentum. Even in the early stages of the RBA's interest rate hikes, we were still seeing good enquiry and transacting well," Bernberg says. There was considerable success particularly at RWPWS's Jordan Springs project Kala, just outside of Penrith.

[smartcode_project:default project_id=27460 project_image_fid=195123]

The strong start to the year began to fade however across the board, as it often does heading into winter, but Bernberg said this winter was different to any other.

"We were into the fourth, fifth and sixth interest rate hikes over what is always the quietest time of the year every year, so prospective buyers were holding off committing to a purchase as they waited to see when the RBA would stop lifting rates."

Despite the expectation the RBA will continue to hike rates into early 2023, Bernberg said that as soon as the sun started shining, buyers were back out in force.

"It was almost like a switch was flicked around September where buyers were starting to come back out. They were starting to see an end in sight for the rate rises, and were able to factor that into their spending. They also wanted to lock in their approvals and purchases before rates continued to climb and their borrowing capacity shrunk further."

[smartcode_project:default project_id=27460 project_image_fid=195122]

Bernberg says there's a complicated gap at the moment in the off the plan space, which is being driven by the increased cost in construction.

"In a market downturn, developers would often shave a bit off the price of the apartments in their development," Bernberg states. He adds however that developers just can't&nbsp;

"Given the rising costs of labour and materials, they can't offer sweeping discounts or they won't be able to make the project stack up financially.

"Some prospective buyers are getting some joy in negotiating prices. They're looking for what they deem to be a bargain. If there is wiggle room, and they feel like they're able to get a couple of percent off the original asking price of the apartment, then they're happy to transact and everyone's a winner."

Bernberg, who helped set up Ray White's new projects division in Western Sydney earlier this year, believes apartments will outperform houses over the next 12 to 18 months

"Summer of love for first home buyers and investors": Five minutes with Ray White Projects Western Sydney's Mark Bernberg

Sydney developers, ALAND, have submitted plans for the second stage of its transformational Merrylands development, The Gladstone Village.&nbsp;

The $800 million project’s second stage will top out at 20-storeys, comprising 245 one, two and three-bedroom apartments, along with three ground floor retail spaces and a large residents’-only rooftop terrace.

ALAND engaged a top tier consultancy team, including PTW Architects, Land &amp; Form Studio Landscape Architects and Think Planning, to collaborate on the design.

[smartcode_project:default project_id=7642 project_image_fid=197136]

Head of Development, Ryan Lane said they partnered with leading design groups to elevate the standard of design and living in Merrylands.

“We are fortunate to work with an experienced team who have designed a product that is a game-changer for Merrylands, there is really nothing else like it in the area,” he said.

“The team brings a diverse background designing high-density mixed-use projects that have best-in-class urban design. The result for Merrylands will be a contemporary and well-rounded design that will be a wonderful place for residents to live and one that considers the surrounding environment.”

28 one-bedders are slated to be constructed as part of stage two, in addition to 196 two-bedroom and 21 three-bedroom apartments.&nbsp;

Senior Development Manager, Anas Rahhal said the apartments have been crafted to cater to the current and future needs of residents, with Western Sydney’s population pitched to only increase.&nbsp;

[smartcode_project:default project_id=7642 project_image_fid=197118]

“We’re catering to the evolving needs of future residents, as such our floorplans have been designed above industry standards, offering generous areas and support the need to work from home by including larger study areas and generous living spaces ranging. with apartment sizes ranging between 53 - 124 sqm,” he said.

“The project is set to provide best-in-class precinct living in this region, with ultra-convenience having the transport interchange, shopping centre, open space all at your doorstep,” Rahhal added.&nbsp;

On the top level, residents will have access to a 940 sqm rooftop terrace providing a variety of amenity, including an outdoor cinema screen, a barbecue area kitchen pavilion, yoga and retreat spaces, as well as a community vegetable garden. &nbsp;

Apartments on level one will also have access to private landscaped gardens with retreat seating, covered breakout spaces and a kid’s play soft turf area.

The retail spaces across the ground floor are expected to attract a mix of alfresco dining options, which will seamlessly link to an activated public open space and tree-lined boulevards connected to the wider Gladstone Village.

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On completion the 2.5-hectare masterplanned precinct will provide 1100 residential apartments across multiple buildings, as well as a curated selection of amenities in each, located around a central park and green spaces.

The new site also packs a punch with its convenient location, on the corner of Neil Street and the future McLeod Road, just 150-metres from Merrylands train station and opposite the Stockland Merrylands Shopping Centre.

Quartz, the first stage of The Gladstone Village located at 224-240 Pitt Street is currently under construction and has just over 100 apartments available remaining.

[smartcode_project_cta:default project_id=7642]

28 one-bedders are slated to be constructed as part of stage two, in addition to 196 two-bedroom and 21 three-bedroom apartments. 

alisonwarters@gmail.com

ALAND lodge plans for second stage of $800 million The Gladstone Village

As development ramps up across Western Sydney, especially in the state’s second CBD, Sydney group, SW Developments are next to join the line in keen developers looking to benefit from the growing pipeline of infrastructure upgrades and projects set for the burgeoning area.&nbsp;

The group has lodged plans for two sites within the City of Parramatta, taking up shop in both Thallon Street and Shirley Street in Carlingford.&nbsp;

Dickson Rothschild prepared the designs for the 12-storey towers, which are similar in design and will deliver a total of 178 apartments upon completion.&nbsp;

Located near the new Carlingford Light Rail Station, the 9-11 Thallon Street site has been designed to cater for the family owner-occupier, contributing to the changing demographics of Carlingford with the addition of a restaurant and retail space across the ground floor.&nbsp;

<img alt="Artist's impression of the Thallon St development " data-entity-type="file" data-entity-uuid="313d283b-41a4-472f-96d4-66f0e81188cc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-02%20at%203.02.27%20pm.png?VersionId=vLq05ycaOMtp0ALv2VAtsOcB9fU.Finl" /> 
Artist's impression of the Thallon St development.

43 two-bedroom apartments will be constructed, along with 37 three-bedroom and 11 four-bedroom residences.&nbsp;

Divided via two slots, the tower will be infiltrated with an abundance of natural light and ventilation in the internal corridors, with the elements also modulating the tower’s facade.

The proposed development achieves a built form with good proportions and a balanced composition.&nbsp;

The four-storey podium achieves a human scale within the streetscape with defined bricks in a nod to the existing older building within the streetscape, complemented with an underlying base colour and a lighter frame which reflects the more modern developments in the neighbourhood.&nbsp;

Taking inspiration from the podium, the tower framing elements extend above the roof parapet, crowning the corners of each tower.&nbsp;

The north-eastern portion of the site is landscaped with both communal areas and private terraces, providing additional vegetation on the built form, which softens the tower and provides a complimentary space to the public open area towards the light rail station.&nbsp;

<img alt="Artist's impression of the Shirley St development" data-entity-type="file" data-entity-uuid="9c2b1153-0ce7-451b-977c-5d163ecb3780" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-02%20at%203.03.15%20pm.png?VersionId=LNM2Urs1tKn6zRjBiOrSlfhxaptNOAtx" />Artist's impression of the Shirley St development.

The communal open space for the development is located on level one, featuring a pool, barbecue facilities, a gym, spa and a common room. Communal open space will also be provided on the rooftop, embellished in lush landscaping.&nbsp;

Thallon Street benefits from being nearby to a number of goods, services, amenities and public transport options, with a broad concentration of retail and dining businesses, as well as community facilities including parks, recreation centres and schools in the surrounding areas.&nbsp;

The Shirley Street development will take place across a 3,141 sqm site, delivering 87 apartments, with a mix of one, two, three and four-bedroom floorplans atop a 76-place childcare centre and basement carparking.&nbsp;

It said the new proposal would result in better communal open space, a unit mix weighted more on larger apartments.&nbsp;

Conceived as a slender tower, two one-bedroom apartments will feature, along with 41 two-bedroom, 43 three-bedroom and one four-bedroom.&nbsp;

Open space will be provided to the south of the site, along with a communal rooftop space, complete with lush landscaping, shaded seating and barbecue facilities.&nbsp;

<img alt="Artist's impression of the Shirley St development" data-entity-type="file" data-entity-uuid="6e6c27e6-9bb2-4e9d-ab0d-da1b975531c4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-02%20at%203.03.27%20pm.png?VersionId=fOx_tPswgdq4h3gRhJGvzUfoZdDydkRS" />Artist's impression of the Shirley St development.

“The proposed building as amended provides for a high-quality development … on a strategic site in very close proximity of the new light rail station and within proximity of significant buildings within the core of the Carlingford Precinct,” the development application said.&nbsp;

“This building will set a good standard for urban consolidation and design.”

“The proposal achieves a reasonable transition from the denser development around the light rail to the lower density areas within the precinct to the north.”

“The form of the building has been crafted to take into consideration site constraints and has arisen out of urban design analysis taking into account the site context.”

Located near the new Carlingford Light Rail Station, the 9-11 Thallon Street site has been designed to cater for the family owner-occupier, contributing to the changing demographics of Carlingford with the addition of a restaurant and retail space across the ground floor. 

SW Developments lodge plans for two apartment towers in Sydney’s West 

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 

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

Buyers at Coronation Property's Merrylands project, Mason &amp; Main, are set to benefit from a huge pipeline of infrastructure due to the project's location in the heart of the 6000-hectare Greater Parramatta to Olympic Peninsula (GPOP) corridor.

Mason &amp; Main, designed by Woods Bagot, will be its own mini-community with apartments set above vibrant market-style laneways with retail and dining, is set just south of Parramatta in Merrylands, which has transformed into a gentrified hotspot that is appealing both investors and owner-occupiers due to a mix of strong population growth an extensive infrastructure upgrades around Sydney’s west.

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Mason &amp; Main offers one, two and three-bedroom apartment configurations across five buildings, as well as resort-style amenities including a pool, private gym and rooftop gardens and a vibrant ‘Eat Street’, creating a new destination for the suburb.

There’s some $20 billion of investment and infrastructure planned over the next five years in the GPOP, fast emerging as the heart of Greater Sydney’s Central City. Merrylands has seen significant investment, with the Cumberland City Council announcing in 2021 the creation of a new civic square in the heart of the suburb.

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The $11 million project currently under construction will provide an integrated residential, retail, commercial and commuter hub to Merrylands and will be conveniently located within 50 metres of Mason &amp; Main.

Already Sydney’s western hub has seen a dramatic change with the redevelopment of Parramatta Square which saw the heart of Parramatta revitalised as part of one of the largest urban renewal projects in the country.

The $2.7 billion redevelopment included six new buildings, premium office space, a refurbished town hall, multi-level retail, with the site linked by 6000 sqm of public space.

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Bringing Parramatta Quay to life is Charles Street Square

The ferry terminal at Charles Street is the gateway to the Parramatta CBD for those who travel by boat, by foot or by bike along the river, in what will be known in the near future as, Parramatta Quay.

The area is also a place of cultural and geographical significance, as the fresh water of the upper Parramatta meets the saltwater of the lower reaches, connecting Sydney to Parramatta River.

The completed escarpment boardwalk provides connection from one side of the river to the other, with the pedestrian and cycle friendly thoroughfare extending under the MacArthur Street Bridge, joining to Parramatta River Cycle way, providing more than 100 kilometres of walking and cycling paths, extending all the way to Sydney Olympic Park.

The Parramatta Ferry terminal upgrade is complete and once the Charles Street Square upgrade is finished the area will become a confluence of leisure activity, cafe culture and transportation hub celebrating one of the City's special waterway experiences welcoming tens of thousands of visitors and commuters each year.

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Construction of the Charles Street Square upgrade is slated to be complete by the end of 2022 or early 2023.

The Sydney Metro West project is also underway, with the new underground metro railway set to connect the Parramatta and Sydney CBDs. The NSW Government committed $6.4 billion over four years to the project, which will achieve a travel time of 20 minutes, as well as unlocking housing supply and employment growth between the two CBDs.

With trains, buses and ferries connecting the Parramatta CBD with Sydney and the wider metropolitan area, the council also runs a free shuttle bus around the Parramatta CBD for those wanting to stay close by.

Further connection will be provided through the development of the Parramatta Light Rail. Stage One of the project will run 12 kilometres, connecting Parramatta CBD to Westmead and Carlingford. Stage One will be operational in 2023.&nbsp;

The Parramatta CBD is also well-connected to major arterials, including the M4 Motorway, Great Western Highway, Windsor Road, Pennant Hills Road and James Ruse Drive.&nbsp;

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A new Museum of Arts and Applied Sciences will open on the river foreshore in Parramatta in 2025 as the new centre of arts, culture and innovation. It will include the newly relocated Powerhouse Museum and a revamped Riverside Theatres.

Further boosting the areas growth is the soon to be developed Western Sydney Aerotropolis, which is set to give Western Sydney residents a more convenient option for travel and boost overall population growth.

Sydney’s new airport is set to open to international, domestic and freight flights in 2026, providing much-needed aviation capacity for the entire Sydney region.

Designed to grow in stages and over decades, the Airport will eventually become one of the biggest gateways to Australia and the primary airport for the entire Sydney region. Qantas Group and Virgin Australia Group have signed MOUs with the Airport and have already commenced discussions about the design of the Airport and potential routes and services.&nbsp;

With the Westmead precinct Australia’s largest health and biomedical research precinct, the site is also undergoing revision with four hospitals, two universities, two large research institutes, NSW’s largest pathology service, and many allied health centres currently occupying the space.

With NSW Health, the City of Parramatta Council jointly commissioned the Westmead Innovation District Master Plan project.&nbsp; The project includes aspirational targets for jobs and tertiary students, driven by the significant government investment planned for the area.&nbsp;

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&nbsp;

Already the area has seen a dramatic change with the redevelopment of Parramatta Square which saw the heart of Parramatta revitalised as part of one of the largest urban renewal projects in the country

The Merrylands lifestyle precinct in Parramatta's growing Olympic Peninsula corridor

Coronation Property has secured development approval for Ashbury Terraces, their contemporary terrace and apartment development in Sydney&#39;s inner west.

Construction is&nbsp;soon to start on the 15,365 sqm former industrial site in the heritage conservation suburb of Ashbury, with the Canterbury Bankstown Council giving Coronation the green light for the project in early June.

Ashbury Terraces will mark Coronation&#39;s first foray into Sydney&#39;s inner west market.

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Coronation Property&#39;s Head of Urban Transformations, Aras Labutis, said that while the project delivers something new to the area, the focus was on keeping with the existing heritage topography.

&ldquo;Since plans were submitted, we have worked closely with Canterbury Bankstown Council and town planners, designers, engineers and architects to ensure the design reflects the rich history of the site and responds to the community&rsquo;s aspirations for a considerate development that enhances the suburb&rsquo;s charm&rdquo; said Labutis.

The $200 million Ashbury Terraces will deliver a collection of three-bedroom terrace homes, along with three exclusive penthouses, with the stage one release of 59 residences selling now.

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&ldquo;We&rsquo;re seeing strong interest from local buyers who have an appreciation for the rarity of the project. Buyers are also seeing value in the larger terrace style homes with communal amenity and oversized backyards &ndash; a unique feature to Sydney developments,&rdquo; Labutis said.

Coronation Property secured the parcel of land in 2014 as one of just two neighbouring spaces available for development in the tightly held suburb.

Designed by a handpicked team of Australia&rsquo;s leading designers from SJB and 360 Landscape Architects, Ashbury Terraces will feature a brickwork fa&ccedil;ade, seamlessly blending the old with the new, drawing inspiration from Ashbury&rsquo;s existing fabric.

Each residence connects to generous outdoor entertaining areas, oversized backyards and courtyards, with rooftop terraces offering vistas of the city skyline.

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Open-plan living spaces include interior of carefully selected materials, high-end Miele appliances, ample storage and large pantries, along with finer details such as multi-level open atriums and large sky lights, which offer another layer of openness and crossflow ventilation.

At the heart of the project is The Garden &ndash; a large communal space with a heated pool, dining areas and a gym, all set amongst lush landscaping. &nbsp;

Landscaped pathways connecting to W H Wagener Oval act as an extension of the already sizeable private backyards, with Ashbury Terraces also incorporating a pedestrian link between Milton Street and the oval for both residents &nbsp;and the broader community.

Ashbury Terraces builds on more than a decade of experience for Coronation Property, with the company delivering a string of award-winning mixed-use developments across all corners of Sydney.

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The Canterbury Bankstown Council has approved plans to transform the 15,365 sqm industrial site into a residential estate, marking the company’s first foray into Sydney’s inner-west.



Coronation Property secures development approval for Ashbury Terraces 

After keen interest leading up to the official launch of The Gladstone Village in Merrylands, 32 units at ALAND&rsquo;s new $800 million development were sold.

Over 150 units have now been snapped up after the Stage One sales event for the 2.5- hectare master-planned precinct, including 116 which had sold prior to the three-day event.

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As one of the last remaining pockets along Sydney&rsquo;s rail network to be developed, The Gladstone Village will include 365-apartments across three buildings - up to 20 storeys in height - with construction already underway.

ALAND CEO George Tadrosse said the success of the launch weekend is evidence that demand is still outstripping supply for quality apartments given the unprecedented pandemic-related roadblocks currently plaguing the construction industry.

&ldquo;There is a tremendous amount of pent-up pressure in the Sydney apartment market and due to planning delays, as well as material and labour shortages, there are not enough new apartments coming onto the market to meet demand,&rdquo; he said.

&ldquo;Fortunately, ALAND is well-placed to deliver the much-needed stock for Western Sydney in the timeframe buyers are wanting it. Construction has begun on The Gladstone Village with delivery expected in the second half of 2023.&rdquo;

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Tadrosse added that the timely release of The Gladstone Village is good news for house hunters whether they&rsquo;re seeking to buy their first home, upgrade, or invest.

&ldquo;ALAND&rsquo;s units have a solid track-record for success with a 0.5 per cent vacancy rate. There is a 4.9 per cent average yield for our apartments compared with Sydney&rsquo;s average yield of 4.1 per cent. These impressive yields, combined with data showing Sydney apartment rents are rising, means it&rsquo;s the ideal time to secure new property.&rdquo;

By March 2022, ALAND estimated the expected rental return for a two-bedroom apartment at The Gladstone Village would be $520 a week, versus the Merrylands average of $460 a week and greater Sydney&rsquo;s $495 a week.

The Gladstone Village is appealing to a large cross section of purchasers due to its diverse stock offering and range of price points. Of the 365 apartments available in Stage One, there are studios starting at $466,500, one-bedrooms priced from $544,000, two-bedrooms beginning at $599,000, and three-bedrooms from $819,000.

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Unparalleled in Merrylands, The Gladstone Village has been designed featuring state-of-the-art finishes, spacious layouts, floor-to-ceiling windows, bespoke porcelain floors, stone bench-tops, Fisher &amp; Paykel appliances, Grohe metal tap-ware and elegant fittings.

The resort-style amenities include a rooftop pool, communal barbecue facilities and vast landscaped open areas for residents, while the site will also contain approximately 2400 sqm of retail and commercial space as well as four-levels of basement parking.

The remaining stages of The Gladstone Village are yet to undergo planning with current controls allowing for a mix of retail, residential and commercial surrounding 5000 sqm of internal parkland and another 6000 sqm of open space.

Positioned within footsteps of Merrylands train station and Stockland Merrylands, The Gladstone Village is also just a short distance to the Parramatta CBD and within a short distance of Sydney&rsquo;s city centre.

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ALAND's, The Gladstone Village in Merrylands entices buyers with unparalleled offerings.


High demand for ALAND’s new vertical village in Western Sydney, The Gladstone Village

The leading Western Sydney apartment developer, ALAND, has seen a sharp pick up in investor sales in the last quarter.

At their Parramatta tower, Paramount on Parkes, ALAND&nbsp;saw a 54 per cent uplift in purchases by investors over the last quarter, with&nbsp;ALAND's Chief Executive&nbsp;George Tadrosse saying that&nbsp;demand for quality affordable apartments in Sydney is outstripping supply, which is good news for savvy investors and homebuyers seeking solid future growth.

"There will be very little stock coming onto the unit market over the next 24 months and that is largely due to increased government red tape and increased demand from several buyer types," Tadrosse said, suggesting that those who wait might find themselves out of options.

“Demand for units is high as rising interest rates encourage domestic buyers to shift their focus to the apartment market.

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"But now that international borders have opened up, apartment purchasers will also have to face competition from foreign residents who may be looking to rent or buy in Sydney,” Tadrosse said, adding that the two-fold demand was especially good news for investors.

Located at 14-20 Parkes Street Harris Street, Paramount on Parkes offers a mix of one, two and three-bedroom apartments across a 39-level building, along with a resort-inspired pool with a 300 sqm terrace and barbecue area, lush landscaping, and residents’-only children’s play areas.

Construction is well underway on the project and completion is slated for late 2023.

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The supply shortage is only set to be exacerbated by the recent announcement to raise the home loan deposit scheme threshold to $900,000 this coming July allowing more first home buyers and first-time investors to enter the market while they can.

While this month’s interest rate rise has given both owner-occupiers and investors pause for thought, Sydney’s unit market remains strong and is shaping up as a popular space for homebuyers, investors and renters alike

“For owner-occupiers, a rate rise can feel more onerous but for investors, it is far less concerning as the interest component of an investor loan is largely tax deductible. We may see a lift in asking rents as interest rates increase, as landlords look to offset any additional expense,” said Tadrosse.

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“The good news for owner-occupiers is that lending policies have accounted for an inevitable rate rise to help future proof the serviceability of loans,” he added.

New data from CoreLogic supports the strength of the apartment market, indicating rents are now outpacing those of houses. In its latest Quarterly Rental Review, CoreLogic showed national unit rents have bucked the trend seen since May 2019 and actually rose at a faster pace than national house rents over the first three months of 2022, recording a quarterly growth of 3 per cent while houses only increased by 2.4 per cent.

Similar to the national results, unit rents in the combined capitals also outperformed house rents over the first quarter, increasing 3.1 per cent compared to 2.2 per cent. According to the CoreLogic report, the median Sydney unit rent by the end of March was $546 a week, an 8.3 per cent change over 12 months.

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Compared to the previous quarter, gross rental yields for units also rose across Sydney, up 2.3 per cent during the quarter to 3.1 per cent.

Bianca Anton, General Manager of ALAND, said switched on investors are realising the true value of bricks and mortar as a long-term strategy and see units as the more affordable path to that financial freedom.

“Buyers are becoming more educated about the pending gap in their wealth creation so are looking for ways to ride the apartment price wave as far as possible. And with only a limited amount of new apartments available in Sydney right now, it really is a race of ‘first in, best dressed’ especially for those seeking to secure quality property,” she said.

Developer ALAND reveals investor sales soar as demand drives up rental yield

ALAND see apartment investors pour back into to Sydney's west

Parramatta is set to see a solid pipeline of new housing following the sign off of the Parramatta CBD Planning Proposal.

The long-awaited changes to the planning rules for the area will offer&nbsp;the potential to create much needed housing supply and quality jobs for Sydney&rsquo;s second city.

Urban Taskforce CEO Tom Forrest has welcomed the finalisation of the Parramatta CBD Planning Proposal said the new amendments provide capacity for approximately 11,900 new dwellings in the CBD.

&quot;This decision is welcome as it will provide more opportunities to boost housing supply in this LGA and assist the City of Parramatta to reach its five-year housing target of 23,660 new homes by 2026,&rdquo; Forrest said.

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However, the final changes to the Local Environmental Plan contain decisions that&nbsp;reduce the proposed development area and remove critical incentives for development of office space.

Urban Taskforce notes that Parramatta North and the Phillip Street Block have been excluded from the process with decisions postponed due to concerns over their heritage and public amenity values.

During the finalisation of the Planning Proposal, Council excluded sites previously endorsed in the Parramatta CBD Planning Investigation Area, inevitably &lsquo;kicking the can down the road&rsquo; to be progressed at a later stage.

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This has happened again in the Parramatta North and Phillip Street Block and is a missed opportunity to utilise the full potential of the CBD area, according to Forrest.

The other last-minute DPE change to the plan includes restrictions to the floor space ratio (FSR) from those originally proposed by Parramatta Council.

&ldquo;Parramatta Council proposed an exemption from any FSR controls for office development (greater than 1,800 sqm) in the Commercial Core and the Mixed Use zone. This was proposed to allow for maximum flexibility and as an incentive to future investors.

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&ldquo;The Urban Taskforce has repeatedly called for flexibility in the planning controls which will enable the market to create developments that are best suited to the area and best respond to the demand for office spaces, retail, and homes. Council had proposed precisely this and DPE re-imposed unwelcome controls which will limit commercial development and opportunities for quality new jobs,&rdquo; Forrest said.

&ldquo;Parramatta Council&rsquo;s worthy intention was to enable A-Grade office towers to be built with modern designs. The competitive and creative designs of today&rsquo;s modern office towers ensure great look, functional space and build form which is best suited to the demand of the market today and in the future,&rdquo; he added.

Notwithstanding the reduced size of the development area and the FSR restrictions, the finalisation of the CBD Planning Proposal will finally give some certainty to investors.

The amended Parramatta Local Environmental Plan commences on 14 October 2022 but is expected to guide the economic development of the CBD for the foreseeable future.

&ldquo;It is great to see the NSW Government, led by Planning Minister Roberts, tackling housing supply and this is a positive step,&rdquo; Forrest concluded.

The long-awaited changes to the planning rules for the area will offer the potential to create much needed housing supply and quality jobs for Sydney’s second city



Parramatta could see 12,000 new dwellings as CBD Planning Proposal gets greenlight

Leading NSW developer, ALAND, is officially launching their $800 million master-planned precinct in Merrylands, in Sydney&rsquo;s west.

There has already been strong demand for the first stage of the project, with the prime 2.5-hectare site, located adjacent to the Merrylands train station, set to deliver 365 apartments across three buildings, up to 20 storeys in height.

The Gladstone Village&nbsp;is a rare offering for Merrylands and one of the last remaining pockets along Sydney&rsquo;s rail network to be developed.

[smartcode_project:default project_id=7642 project_image_fid=197118]

Complete with quality Fisher &amp; Paykel appliances, designer Grohe tapware and stone bench tops, each residence has been carefully designed to maximise on space, light and comfort.&nbsp;

&quot;It is the first development of its kind in the suburb within enviable proximity to Stockland Merrylands and the train station and bus terminal,&rdquo; ALAND CEO George Tadrosse said.

With a number of compounding factors influencing the current Sydney property market, including a lack of supply of new housing, ALAND is in a strong position to deliver the majority of apartment stock in Western Sydney.

&quot;ALAND has over 1,200 dwellings under construction at any time, with a strong market share across the western corridor. Despite ongoing supply chain issues, we have managed to secure enough stock, material and labour to maintain optimal efficiency to meet our pipeline demand.&quot;

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&quot;Additionally, buyers priced out of the housing market are seeking more affordable properties, further fueling demand for quality and centrally-located apartments.&rdquo; Tadrosse added.&nbsp;&nbsp;

The apartment market in Merrylands is showing heightened demand according to ALAND, with older residents looking to downsize and working professionals seeking accommodation close to employment.

&quot;The Merrylands suburb is an undervalued pocket in comparison to its surrounds &ndash; which is a huge opportunity for buyers. It is also an attractive suburb to investors because it is only a short distance to Parramatta CBD, world-class education precincts and an array of employment hubs,&rdquo; said Bianca Anton, ALAND General Manager.

With a high proportion of tenants currently renting in Merrylands, investors can expect stable occupation rates and a choice of prospective tenants who hold professional occupations.

&quot;In 2020, approximately 31 per cent of people in households within Merrylands were aged between 25 to 39 which is 25 per cent higher than the Greater Sydney Metropolitan area. The area boasts strong demand drivers for younger singles and coupes, including proximity to jobs, public transport and amenities,&rdquo; Anton commented.&nbsp;

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Western Sydney, as a region, is currently seeing declining vacancy rates and increasing rents which provide the ideal environment for investors.

The first stage already has approval for 365 apartments set across three buildings and will include approximately 2,600 sqm of retail and commercial space, plus basement car park. It will comprise 17 studios, 98 one-bedroom, 219 two-bedroom, and 31 three-bedroom apartments.

&quot;The remainder of the development is set to undergo additional planning with current controls currently allowing for a mix of retail, residential and commercial assets surrounding 5,000 sqm of internal parkland and open space totalling 6,000 sqm.&rdquo; said CEO Tadrosse. 
[smartcode_project_cta: project_id=7642]

The Gladstone Village is a rare offering for Merrylands and one of the last remaining pockets along Sydney’s rail network to be developed.



Western Sydney

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