Sun Property Group (SPG) has taken a major step to reinforce its commitment to consumer trust by securing Latent Defects Insurance (LDI) from Resilience Insurance for its nearly completed Willoughby development on Sydney’s Lower North Shore.

The boutique project, Aurora, comprising 12 apartments and a ground-floor commercial space, is one of few in the region to adopt the forward-thinking insurance model—offering a point of difference in a competitive market.

For Cameron Johnson, General Manager at Sun Property Group, the decision to adopt LDI was rooted in the company’s long-standing philosophy of maintaining a highly personalised relationship with its end users.

“We’ve always taken ownership over our product,” Johnson said. “Introducing LDI is not just about peace of mind for the buyer—it’s about raising the internal bar. It becomes the baseline for how we do things going forward.”

[smartcode_project:default project_id=109919 project_image_fid=205006]

While hundreds of developers and builders have taken out an LDI policy from Resilience Insurance, the insurance is still relatively new to Australia. Johnson says he sees significant future potential with LDI nationwide, with both&nbsp;regulatory and market frameworks starting to evolve to support its wider use in class two buildings.

“When we started the Willoughby project, LDI was still just a concept being floated by the Building Commissioner’s office," Johnson says.

"Delays in the construction timeline gave us the unique opportunity to adopt it as the product became more available in late 2023."

That timing aligned with a shift in construction contractors on the project, which opened the door for a more collaborative and considered implementation of the insurance. According to Johnson, Resilience Insurance was proactive and solution-oriented.

“It wasn’t just about us buying a product off the shelf. It was a dialogue—how can we work together to deliver something that meets both of our needs?” he added.

[smartcode_project:default project_id=109919 project_image_fid=5717]

LDI covers major structural defects for up to 10 years post-completion and offers an alternative to the traditional developer bond held under the Department of Fair Trading’s scheme. SPG prudently factor in a two per cent cost profile for such measures into its feasibility, treating it as “business as usual.”

“What LDI does is show the consumer that we’re front-ending our responsibilities—design, delivery, documentation, execution. That whole chain of custody is assessed and independently reviewed throughout construction. It’s a rubber stamp on quality,” Johnson said.

In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator. While some projects may carry an iCIRT rating, few offer the depth of protection and oversight that LDI provides, especially outside of publicly listed organisations.

Aurora is being brought to market by Henry Burke of McGrath Projects. With the recent cut in interest rates Burke expects that many first home buyers and investors will jump at the chance to buy in Aurora due to its convenient location, fantastic retail amenity, picturesque parks with leafy walks, and excellent transport connections with only one stop to Sydney CBD. He expects a local owner-occupier to secure the standout penthouse which offers 175 sqm of internal space and further 200 sqm of outdoor space.

[smartcode_project:default project_id=109919 project_image_fid=205010]

Johnson says Aurora residents will not only benefit from the first right insurance policy, which means action is taken immediately rather than often long and complicated battles as developers and builders point fingers at each other as to who created the issue, but from how it can benefit the strata communities of the building.

Many buyers, especially first-time apartment owners, have limited understanding of shared infrastructure or the responsibilities of Owners Corporations. LDI adds an important layer of education, structure, and protection.

“People want to move in and enjoy what they’ve bought. But when things go wrong, that’s when emotions and stress levels rise. The insurance policy gives owners a clearer path to resolution—an assured, regulated compensation process. It also helps equip owners and managers with the knowledge they need to maintain the building properly.”

The insurance includes tools such as service penetration matrices and access documentation—going far beyond standard build drawings. Johnson says it’s about delivering not just a home, but a sustainable, manageable asset.

[smartcode_project:default project_id=109919 project_image_fid=343670]

Sun Property Group continues to build on its strong track record across Sydney’s Lower North Shore, with an upcoming major development of its Bowen Street, Chatswood landholdings and additional projects underway in Melbourne. The team recently completed its debut Melbourne apartment project, The Brookville in Toorak, showcasing their commitment to delivering high-quality, design-led communities.

In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator

Joel Robinson

Sun Property Group approaches completion of Willoughby's first apartment development with 10-year Latent Defects Insurance

Renowned developer-builder DASCO has unveiled its much-anticipated new development in the heart of Epping.

The architectural brief for Turner Studio was to “create a community where residents are completely immersed in a paradise for the senses.”

The result is <a href="https://www.apartments.com.au/new-apartments/senso-epping-242-244-beecroft-road-epping-nsw-2121">Senso</a>, a series of buildings that have been oriented around an unrepeatable 10,000 sqm-plus site to create a facility-laden, landscape-first precinct, something of which Epping and its surrounds have not seen before.

There are 479 apartments available in a variety of floorplans across the five buildings, a mix of one-, two-, and three-bedroom apartments in addition to a curated penthouse collection.

[smartcode_project:default project_id=134954 project_image_fid=4553]

The apartments have been designed to appeal to the owner-occupier market, with generous floorplans, premium materials, and optional upgrades including integrated refrigeration, bespoke joinery, and motorised blinds.

<a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a>, who builds its own developments, is once again bringing peace of mind to its clients by taking the 10-year Latent Defects Insurance policy offered by Resilience Insurance, which protects buyers against any structural or waterproofing issues for 10 years post completion of the building. This insurance can only be taken out by the builder or developer and not by individual apartment owners.

[smartcode_project:default project_id=134954 project_image_fid=4552]

DASCO is known for creating more than just apartments — they create places where people connect. Senso will have over 4,000 sqm of resort-inspired communal amenity in the form of two rooftop pools, a celestial outdoor cinema, wellness club, sensory walk, and an observation deck, in addition to multiple BBQ and outdoor communal areas on multiple levels, intended to deliver a complete lifestyle offering within the residential environment.

There will be over 800 sqm of retail space on street level, which will likely be run as hospitality venues.

[smartcode_project:default project_id=134954 project_image_fid=4396]

Located adjacent to the new Epping Town Centre masterplan, and just a five-minute walk from Epping Metro Station, Senso offers seamless access to Macquarie Park, Chatswood and the Sydney CBD. Families who are interested in the large two- and three-bedroom apartments are within proximity to several regarded educational institutions including Macquarie University, James Ruse Agricultural High, and Cheltenham Girls School.

The project also leverages Epping’s growing dining and retail precinct, proximity to Macquarie Centre, and access to natural assets including Terrys Creek walking trails and Boronia Park.

[smartcode_project:default project_id=134954 project_image_fid=4399]

With a 33-year track record and over 7,000 dwellings delivered, DASCO continues to develop and build; a business model that enables integrated delivery and peace of mind, especially when Senso is backed by Latent Defects Insurance (LDI), providing 10 years of protection for buyers at no additional cost.

The launch of Senso Epping reinforces DASCO’s active pipeline of Sydney-based developments at a time when the market is increasingly focused on owner-occupier appeal, delivery confidence, and long-term quality.

DASCO is partnering on Senso Epping with leading Australian alternative asset management firm Metrics, which has more than $30 billion in assets under management.

[smartcode_project_cta:default project_id=134954]

DASCO reveals Senso, Epping’s first resort-style apartment development

Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

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.

[smartcode_project:default project_id=7642 project_image_fid=197117]

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.

[smartcode_project:default project_id=31751 project_image_fid=161005]

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.

[smartcode_project:default project_id=31751 project_image_fid=160999]

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.

[smartcode_project:default project_id=31751 project_image_fid=161017]

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.

[smartcode_project:default project_id=31751 project_image_fid=161007]

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;

[smartcode_project:default project_id=31751 project_image_fid=161009]

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;

[smartcode_project_cta:default project_id=31751] 
 
&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.

[smartcode_project:default project_id=112253 project_image_fid=193246]

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.

[smartcode_project:default project_id=112253 project_image_fid=193233]

&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.

[smartcode_project:default project_id=112253 project_image_fid=193245]

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.

[smartcode_project_cta: project_id=112253]

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.

[smartcode_project:default project_id=7642 project_image_fid=197120]

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;

[smartcode_project:default project_id=7642 project_image_fid=197118]

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.

[smartcode_project:default project_id=7642 project_image_fid=197136]

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.

[smartcode_project_cta: project_id=7642]

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.

[smartcode_project:default project_id=9187 project_image_fid=164849]

"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.

[smartcode_project:default project_id=9187 project_image_fid=181002]

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.

[smartcode_project:default project_id=9187 project_image_fid=164851]

“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.

[smartcode_project:default project_id=9187 project_image_fid=164857]

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.

[smartcode_project:default project_id=9187 project_image_fid=164849]

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.

[smartcode_project:default project_id=9187 project_image_fid=164848]

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.

[smartcode_project:default project_id=7642 project_image_fid=197136]

&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;

[smartcode_project:default project_id=7642 project_image_fid=197117]

&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;

[smartcode_project:default project_id=7642 project_image_fid=197120]

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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