Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" 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/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Coronation Property

Sydney developer Coronation Property has expanded its presence in the heritage-conservation suburb of Ashbury in Inner West Sydney.

They've secured the neighbouring development site to their current project, Ashbury Terraces, spending $45 million on the 1.64 hectare site that was listed by Michael Teplitsky, Felix Milgrom and Boris Markovsky.

The shovel-ready project at&nbsp;149-163 Milton Street has plans for 59 apartments and 68 multi-level townhouses designed by SJB.

Coronation's Managing Director Joe Nahas called the acquisition a "no brainer."

&nbsp;

<img alt="Render of the proposed second Ashbury development" data-entity-type="file" data-entity-uuid="a2651fa7-5014-45e0-9dbe-2d3c62e38703" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ashbury%20Stage%202%20-%20001.jpg?VersionId=RDPtg5BW.z83wcNnf_PXMe6ZhusmsGGD" />Render of Coronation's new Ashbury development site. Credit: SJB

&nbsp;

“Off the back of the incredible sales success at Ashbury Terraces with more than 50 percent of the terraces and over 50 percent of apartment sales, it was a no brainer for us to acquire the adjacent site to offer additional quality housing stock to our purchasers," Nahas said.

“SJB’s early engagement, coupled with the existing involvement of our in-house design team, dedicated development, construction, and sales and marketing teams working on Ashbury Terraces, it will be a seamless and efficient progression for us to extend our efforts next door."

The original Ashbury development was a shortlisted finalist in the 2022 World Architecture Festival (awards) for Future Projects. That too features a mix of apartments and terraces. They recently announced they've sold out 80 per cent of stage two of the project, with the final release of residences expected hit the market at the beginning of next year.&nbsp;

Ashbury Terraces is on track for completion by the end of 2024.

[smartcode_project:default project_id=112253 project_image_fid=193253]

NSW Premier Chris Minns recently announced plans to help tackle the existing housing crisis by streamlining and accelerating the approval process, given the&nbsp;population of New South Wales estimated to increase by 85,000 residents per year until 2041, meaning there is an urgent need for 314,000 new dwellings over the next five-year period.

To expedite new housing supply, the Premier’s proposal will provide developers access to a fasttrack approval process through a ‘state significant development’ pathway for projects exceeding $75 million and comprising a minimum 15 percent affordable housing.

Nahas welcomed Minns’ announcement, saying it’s encouraging to see the Premier taking significant steps to facilitate an increase in affordable housing availability in the market and an overall boost in the number of new homes for the residents of New South Wales.

"As a company, we value our capacity to offer highly sought-after, quality residences. With this new initiative, we firmly believe that we can efficiently deliver a balanced combination of quality off-the-plan, build-to-rent, and key worker dwellings within a reduced timeframe," Nahas said.&nbsp;

"This will not only provide a broad range of housing options but importantly will make a significant contribution to meeting the escalating demand for new homes across Sydney in particular.”

[smartcode_project_cta:default project_id=112253]

The shovel-ready project at 149-163 Milton Street has plans for 59 apartments and 68 multi-level townhouses designed by SJB

Coronation Property expands its Ashbury Terraces site with $45 million purchase

Ashbury Terraces, the Coronation Property development located in Sydney's inner west, has reached a major milestone.

Stage one of the project has officially sold out, with stage sales sitting at 80 per cent sold. The final release of residences is expected to go on the market at the beginning of next year.&nbsp;

Joe Nahas, Managing Director at Coronation Property, said the suburbs’ appealing characteristics, including its convenient location in the Inner West, abundant amenities, and thriving community atmosphere, have significantly contributed to the area’s popularity among homebuyers.

[smartcode_project:default project_id=112253 project_image_fid=193246]

“It really is the best of all worlds at Ashbury – it offers an untouched green oasis for buyers who want the connectivity of inner-west living, while being surrounded by parklands and diverse amenities,” Nahas Said.

“We are excited to have reached this sales milestone at Ashbury Terraces and look forward to launching the final release of the development early next year.”

With its unparalleled charm and exceptional amenities, the collection of terrace homes and park-side apartments has captivated buyers seeking refined living close to nature.

Comprising 59 over-sized garden terraces and 74 park-side apartments, Ashbury Terraces offers an exclusive opportunity for those desiring a harmonious blend of luxury and tranquility.

Nestled beside the picturesque W H Wagener Oval, the development is just 10 kilometres away from the bustling heart of Sydney CBD, making it an ideal haven for residents seeking a serene retreat without sacrificing urban convenience.

[smartcode_project:default project_id=112253 project_image_fid=193233]

The allure of Ashbury Terraces lies not only in its idyllic location but also in its array of residential amenities designed to enhance the quality of life for its residents, including a heated pool, outdoor dining spaces, barbecue facilities, and a fully equipped gym.

Renowned architects SJB and 360 Degrees Landscape Architecture have joined forces to create a living environment that is both visually striking and functionally efficient.

The Terrace Collection, which encompasses three-bedrooms, two bathrooms, and two parking spaces, offers multi-level garden terrace homes immersed in lush greenery. Inside, residents will find carefully selected materials, high-end Miele appliances, and ample storage, elevating these homes to the pinnacle of luxury living.

The garden terraces themselves boast multi-level open atriums, overhead skylights, private rooftop retreats, and expansive backyards and courtyards, providing residents with ample space to unwind and entertain while being surrounded by nature.

[smartcode_project:default project_id=112253 project_image_fid=193243]

For those seeking a more compact yet equally elegant living option, the Apartment Collection at Ashbury Terraces presents a range of one, two and three-bedroom park-side apartments.

Designed to maximise space, sunlight, and views over the neighbouring parklands, the apartments showcase elevated interior styles with large kitchens and free-flowing indoor-outdoor spaces, coupled with high ceilings and generous entertaining balconies.

In further proof of the design quality of Ashbury Terraces, the project earned recognition as a Shortlisted Finalist in the 2022 World Architecture Festival - Future Projects, Residential category.&nbsp;

One, two and three-bedroom floorplans are available in the development, with both a mix of apartment and townhouse options.&nbsp;

[smartcode_project_cta:default project_id=112253]

Comprising 59 over-sized garden terraces and 74 park-side apartments, Ashbury Terraces offers an exclusive opportunity for those desiring a harmonious blend of luxury and tranquility

alisonwarters@gmail.com

Coronation Property sell out 80% of stage two at Ashbury Terraces

Merrylands is about to witness the emergence of a new vibrant heart, as Mason &amp; Main takes shape under the collaborative efforts of Coronation Property and renowned architectural firm Woods Bagot.

With construction underway, the development has recently achieved a major milestone, with over 60 per cent of its 346 apartments spoken for.

Joe Nahas, Managing Director at Coronation Property, said the achievement reflects the overwhelming demand and trust Mason &amp; Main customers have placed in Coronation’s vision for the development.

[smartcode_project:default project_id=31751 project_image_fid=206097]

“The response from homebuyers, especially first home buyers, has been truly incredible, reaffirming our commitment to delivering exceptional properties that transform the local areas in which we develop,” Nahas Said.

“We are grateful for the confidence shown in our project and look forward to welcoming the new residents to their future homes, where they will experience a lifestyle beyond their expectations."

At Mason &amp; Main, residents can expect an array of thoughtfully designed floorplans and apartment layouts that cater to their individual needs.

The residences include large multipurpose rooms, providing residents with versatile spaces that can serve as home offices, additional bedrooms, or nurseries, while further customisation is available through a choice of two colour schemes.

[smartcode_project:default project_id=31751 project_image_fid=161018]

Each home adjoins to spacious balconies, providing the perfect setting for alfresco dining, with views to the Blue Mountains and CBD.&nbsp;

A suite of wellness-focussed facilities have also been included in Mason &amp; Main, with a dedicated pool and gym on the resort level, in addition to a resident-only level boasting lush gardens, barbecue facilities and cabanas.&nbsp;

Adding to the appeal of Mason &amp; Main is its proximity to various amenities. Located just 350 metres from Merrylands Train Station and directly opposite Stockland Shopping Centre, residents have convenient access to transportation and a wide range of retail options.

[smartcode_project:default project_id=31751 project_image_fid=161017]

The development is also in close proximity to Parramatta CBD, which is only a short six-minute train ride away.&nbsp;

As the construction of the Mason &amp; Main precinct progresses, new retail announcements are expected to follow, including a vibrant eat street and a fresh food marketplace. These additions will further enhance the lifestyle offered by the development and provide residents with a diverse range of dining and shopping experiences.

Limited studio, one, two and three-bedroom floorplans are still remaining in the project, with prices starting from&nbsp;$413,000.

[smartcode_project_cta:default project_id=31751]

Limited studio, one, two and three-bedroom floorplans are still remaining in the project, with prices starting from $413,000

Coronation Property's Mason & Main Merrylands project hits over 60% sold

The great Australian dream of owning a home is getting further and further out of reach for many. House prices in Sydney have jumped 113 per cent in the last decade, while unit prices have gone up 64 per cent Sydney-wide, property data house CoreLogic note.

Earlier this year the housing market saw its biggest 12 month growth in two decades, up 26 per cent over the year to March, CoreLogic data found.

Stamp duty, and the now required 10 per cent deposit request by banks, has first home buyers needing to dig all the way to the lining of their pockets before even starting to pay off their mortgage.

The NSW government recently announced a sweeping reform of stamp duty which gives prospective home buyers in New South Wales a leg up. They can opt to pay stamp duty, which only kicks in for property higher than $650,000, or pay a smaller annual property tax, for properties under $1.5 million.

But before the government announced the reform in June, some developers were already consciously trying to help buyers get on the property ladder.

In March, local Sydney developer Coronation Property launched a new scheme that allows buyers looking for an apartment to be able to pay with just a one per cent deposit, opposed to the standard 10 per cent deposit upfront. The ‘1% Own Way scheme’ allows buyers to then save the rest of the deposit over the next 12 months and pay over monthly instalments. A win for the buyers to save, while also increasing the potential of further price growth the earlier the property is bought.

Joseph Nahas, the Managing Director of Coronation Property, says the program was primarily designed to support first home buyers and young families, who are consistently priced out of the housing market.

“As Sydney property prices continue to grow, and reasonable entry into the market continues to decrease, we understand there’s been little opportunity for first home buyers to get on the property ladder in emerging areas close by to Sydney’s CBD,” Nahas says.

“The Own Way Program has been designed to help first home buyers, and young families, to live in suburbs that have previously been inaccessible to them because of the daunting prospect of a 10 per cent deposit payment. Through the Own Way Program, they are able to buy quality assets in quality suburbs, at today’s prices, with just one per cent providing peace of mind. We ultimately hope to achieve for our buyers a brighter financial future, and an attainable entry into the property market.

"The Sydney property market continues to grow and grow, which has meant there's been little opportunity for first home buyers to get on the ladder in area's close to the city," Nahas says.

Coronation Property trialled the scheme in 2021 and had positive feedback and a strong uptake from buyers. First home buyer Soomin Lee, who purchased at Coronation Property’s Mason &amp; Main development, said she would have had to have waited another two to three years to buy her first property if she had to save up the 10 per cent deposit.

“I feel like we’re always told to buy house and land, but the 10 per cent upfront deposit wasn’t feasible,” Lee says. “By locking in an apartment on a one per cent upfront deposit instead, and then having time to save the remaining portion of the deposit, I was able to get into the property market straight away and have the convenience of being able to pay the remaining balance over a reasonable timeframe.

Coronation Property’s Head of Sales Cameron Porter says they know how tough saving for a home deposit can be in today’s climate.

“As property prices continue to climb, we believe it’s important to support aspiring home buyers to take a step up the increasingly competitive property ladder,” Porter says.

The scheme is part of Coronation’s ethos to build for the owner-occupier, an ethos which puts the design of a project even more in the spotlight.

“Our attention to design attracts a high number of owner-occupiers,” Porter says. Last year Coronation made the decision to build their own in-house design team, Studio Circle &amp; Co, who start thinking about the potential design of a project even before a site is secured.

Porter says the design-focused approach was a major driver at The Paper Mill Precinct in Liverpool. Around half of the buyers in the striking urban regeneration project were first home buyers. “The Paper Mill precinct set a new benchmark for design and architecture previously unseen in Liverpool, which attracted a high percentage of locals who hadn’t been able to find anything in their price range worth purchasing,” Porter says.

[smartcode_project:default project_id=5847 project_image_fid=34768]

In a similar but very different vein is Coronation’s Ashbury Terraces, again aimed at the owner-occupier, but more geared toward downsizers and upsizers. The project of 59 terraces has been designed by SJB and focuses primarily on garden terrace homes filled with natural light which connects to the surrounding nature of the suburb.

“We understood that a large portion of our buyers for this project would be upsizers or downsizers, and designed the terraces to respond with inclusions such as large backyards and courtyards, oversized living and dining areas, multi-level gardens and generous master suites,” Porter added.

The owner-occupier focus sees Coronation secure a number of repeat purchasers, those who have been a first home buyer in a Coronation Property project a few years ago and are looking at upsizing and already have that developer trust that is needed in the off the plan industry.

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Developing for the owner-occupier is generally considered a more rounded approach for developers. Owner-occupiers tend to care more about the building they own a part of, and its shared amenity, as well as a better sense of community and neighbourship when there are more permanent residents within the development as opposed to the transient nature of tenants.

While building for owner-occupiers naturally brings owner-occupiers and first home buyers, an owner-occupier approach will inevitably lead to investors buying the apartments, given that’s exactly the target market they’re seeking as a landlord.&nbsp;

While the majority of apartments were snapped up by owner-occupiers, The Paper Mill boasts a 0 per cent vacancy rate for those investors in the project, while apartments are only on the market for an average of seven days before being snapped up.

Coronation Property’s Managing Director, Joseph Nahas, and Head of Sales, Cameron Porter, discuss the importance of developing with first home buyers and owner occupiers in today’s climate

How Coronation Property focuses on first home buyers and owner-occupiers to ensure long-term success

When people hear Sydney’s inner west, they think of the cafe culture of Newtown and Leichhardt, the brewing mecca of Marrickville, and to a lesser extent, the beautiful Balmain peninsula.

But the tightly-knit suburb of Ashbury, just past Dulwich Hill and south of Ashfield, offers an untouched leafy oasis for prospective purchasers who want the connectivity of inner-west living, while being surrounded by tree-lined streets and abundant parklands.&nbsp;&nbsp;

Despite the suburb's leisurely pace, Ashbury’s proximity to the inner-west’s bustling cultural and dining scenes leaves the suburb within easy reach of everything, giving its residents the best of all worlds.&nbsp;

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The majority of Ashbury is designated as a heritage conservation area, and is dominated by post-war brick bungalows, which has meant there’s been little to no opportunity to buy into the quaint suburb that is called home by only 3,000 or so people. There have been no apartments or townhouses in the suburb that spans just one square kilometre, until now.

Sydney developer Coronation Property has recently secured development approval for its owner-occupier focused development, Ashbury Terraces, which has been designed to be in keeping with Ashbury’s existing heritage topography.

The combination of the project’s rarity as the only townhouse development in the suburb, the suburbs convenient locations just 10km from the Sydney CBD, and Coronation Property’s reputable track record, has seen buyer enquiry since it launched earlier this year buck the trend of the dampening property market sentiment.&nbsp;

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Coronation Property Project Director Con Athanassiou says Ashbury is a unique inner west suburb.

"It has a very quaint village like feel, yet its also close to suburbs like Marrickville, Petersham and in about 25 minutes you'll be in the centre of Sydney,"&nbsp;Athanassiou says.&nbsp;

"The community is made up of people who have been living here for 30, 40 , even 50 years, so there's a stability in an area where properties don't change hands.

"New parents will be able to see their children grow up in the local parklands and streets just as I did when I grew up here."

Local inner west residents have dominated enquiry so far. Buyers are seeing value in the larger terrace style homes with communal amenity and oversized backyards – a unique feature to Sydney developments.

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The location of Ashbury Terraces has been a major drawcard, set opposite W H Wagener Oval and just a few hundred metres to Peace Park. The design of Ashbury Terraces has been inspired by the area’s parklands and well-defined heritage character of Ashbury. Landscape architects 360 Degrees Studio worked alongside the revered architecture firm SJB to create the lush landscaping throughout the development.

Families have shown interest in the terraces, not only for the striking design and abundance of space, but also for its proximity to local schools. Within a one kilometre radius is St Francis Xavier Catholic School, Trinity Grammar School in Summer Hill, and the local Ashfield Public School, which is just a five minute walk from Ashbury Terraces.

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The closest coffee stop is 3 Tomatoes, a seven minute walk. Just north is Georges River Road which is lined with cafes and restaurants.&nbsp;

The easily accessible transport to the city has been another tick for buyers who are needing to commute, with Ashfield Train Station just 1.5km away. South of the station is Ashfield’s busiest retail precinct, Ashfield Mall, where there’s a Woolworths and an Aldi, as well as a Chemist Warehouse, butchers, more cafes and restaurants, and the Ashfield Library.&nbsp;

Canterbury Park Racecourse is just over a kilometre south of Ashbury Terraces, on the banks of the Cooks River where there’s Croydon Park and Lees Park.

Ashbury Terraces will likely stand as one of the only new developments in the suburb given that most of the surrounding Federation-style bungalows are under heritage conservation, which will mean the charming village-style suburb will be protected for years to come. There are just 59 terraces on offer in the sought-after development, which has already been a hit with locals.

"This development was not about fitting the maximum built form into the available space. we wanted to partner with someone who could respect the existing suburb as well as the modern development we wanted to create," Athanassiou added.

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Despite the suburb's leisurely pace, Ashbury’s proximity to the inner-west’s bustling cultural and dining scenes leaves the suburb within easy reach of everything, giving its residents the best of all worlds

The small inner-west suburb attracting attention

The display suite is one of the most important parts in an off t​he plan buyers journey.

While technology has evolved and renders are looking more and more realistic, there&#39;s nothing like being able to touch and feel the apartment you&#39;re going to buy. Display suites act&nbsp;as a bridge between buying&nbsp;o​ff the plan and buying an established property.

They&#39;re also an essential point of difference for property developers, often proving the difference between whether buyers purchase in your project, or in a neighbouring suburb at a similar project.

There&#39;s a rivalry in the Gold Coast, with SPG going head to head with Gu​rner on their display suites. Hardly a display suite, they&#39;re more a display experience.

SPG had their commissioned builder, Hutch​insons, create the $4 million, 750 sqm building, making it the largest sales gallery of any new development in the southern hemisphere. It takes up 2,000 sqm of the Fer​ny Ave site which SPG are set to create nearly 800 apartments across three towers.

Gu​rner just opened theirs across the road for their equally large La Pelago, which will have over 900 apartments across four towers.

Display suites tend to be reserved for the larger, multi-res projects. Small boutique developments, maybe less than 40 or so apartments, often don&#39;t have the budget for a fully fledged display suite.

The Sydney developer Coronation Property have long known the importance of the display suite, with their last five display suites featuring full scale apartments in the future development.

<img alt="" height="2250" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coronation_masonmain_260422_219168.jpg" width="3000" /> 
The display suite at Mason &amp; Main. Image supplied

Coronation Property&#39;s Head of Sales and Marketing Cameron Porter says display suites have come a long way over the last decade.

&quot;While previously&nbsp;display&nbsp;suites were ordinarily quite sterile with little more than demountable floor plans and finishes boards, we&rsquo;ve seen the&nbsp;display&nbsp;suite journey for off-th​e-plan apartments over the last five to 10&nbsp;years come a very long way,&quot; Porter says.

&quot;Nowadays, any premium&nbsp;display&nbsp;suite journey includes a fully immersive and engaging experience for purchasers that touches on all the senses &ndash; sight, sound, touch smell and taste.&quot;

Porter says they&nbsp;want people to walk in and start envisaging the new building, picturing exactly how it could become a place they could call home.

Despite the changes and evolution of the display suite experience as technology advances, Porter notes that&nbsp;display&nbsp;suites have, and always will&nbsp;be, about creating trust between the developer, the prospective purchasers, and the community in which the development is being built.

Coronation took that belief into its under construction Merrylands project, Mason &amp; Main, the mini-community designed by Woods Bagot with its own&nbsp;vibrant market-style laneways with retail and dining precinct underneath nearly 800 apartments.

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Since opening the display suite in 2020, the space has evolved.&nbsp;Coronation have created&nbsp;a caf&eacute; for the community and purchasers to get a sense of what&rsquo;s to come, as well as two&nbsp;built-to-scale apartments in differing schemes to show buyers exactly what they&rsquo;ll get,&nbsp;a very rare offering. They also&nbsp;included varying building and design features that showcase the intricate architectural detailing of the Mason &amp; Main development. It allows buyers to literally picture themselves in what will be produced.

&quot;Beyond just a&nbsp;display&nbsp;suite, we wanted to create a space that was an experience. We wanted to create a connection,&quot; Porter says.

<img alt="" height="1106" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_9.08.56_am.png" width="842" />

The community-led display&nbsp;suite at Mason &amp; Main. Image supplied

Coronation has always placed a strong emphasis on creating a display suite that to help buyers feel &nbsp;confident in purchasing off t​he plan.

The display suites in their two&nbsp;latest developments, Mason &amp; Main and Ashbury Terraces, include life-size apartments and features, with various colour schemes and finishes available. Their significant investment in the display suite experience was also prevalent across their previous developments, 8 Phillip St in Parramatta, Charlie Parker in Harr​is Park and the acclaimed Paper Mill Precinct in Liverpool.&nbsp;

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&quot;Buying a home can be daunting, especially when you can&rsquo;t physically see the property,&quot; Porter adds.

&quot;It&rsquo;s our responsibility to make the process as seamless and stress-free as possible. As part of this process, it&rsquo;s important for buyers to see and feel the different aspects of their future home.

<img alt="" height="992" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_9.15.31_am.png" width="836" />

The display suite at Ashbury Terraces. Image supplied

&quot;As one of the biggest investments most people make in a lifetime, we believe a premium&nbsp;display&nbsp;suite experience is integral to facilitating trust and assurance that what you&rsquo;re buying of​f-the-plan will be delivered come handover.

Porter suggests that beyond showcasing their built product, they also&nbsp;believe the&nbsp;display&nbsp;experience is essential for prospective purchasers and developers to understand each other.

&quot;By taking prospective purchasers on tours of our&nbsp;displays, we have the space to better understand what their individuals needs and aspirations are, to ensure they feel comfortable with what they&rsquo;re purchasing, to learn more about the developer and design team, and help them to better understand the process of buying off the pl​an.&quot;

Coronation Property's Head of Sales and Marketing Cameron Porter says display suites have come a long way over the last decade

The importance of the display suite for an off the plan apartment buyer

In a time of building insolvency, increasing material costs, and supply chain issues, off-the​-plan purchasers are demanding greater quality assurance from developers and builders.

While there&rsquo;s no overnight fix for rising construction fees, Sydney-based developer Coronation Property believes investing in new processes and people will provide customers the quality assurance they crave while giving developers and builders a competitive edge in a changing industry climate.

It takes a number of moving parts, and more importantly, moving specialist teams, to create exceptional mixed-use developments with collaboration and communication between in-house teams and external consulting agencies including architects, placemaking specialists, engineers, and subcontractors integral to the success of a project.

Further investing in their fully integrated business model, Coronation Property recently announced the formation of a new in-house design team to bridge the gap between their development teams, construction arm and external agencies.

Anticipating the needs of a changing industry, Coronation Property&rsquo;s new in-house design team, Studio Circle &amp;&nbsp;Co will be integral to the ongoing protection of their customers. The team will ensure the original design intent of projects is carried through from early design concept to construction completion and customer handover.

The quality assurance initiative will see new processes put in place to support compliance with the Design and Building Practitioners Act, with a specific focus on Class 2 mixed-use multi-residential developments.

While many larger publicly listed developers such as LendLease and Mir​vac have been doing this for some time, very few privately owned developers who dominate Sydney&rsquo;s residential market have their own construction arm and in-house design teams.

Studio Circle &amp;&nbsp;Co is led by experienced architect Mona Chao, the former co-head of architecture at apartment giant Meri​ton.

&quot;As a business, we are constantly evaluating opportunities that will better serve our customers and communities,&quot;&nbsp;says Chao.

&quot;Having an in-house design team ensures meticulous quality control throughout every phase of the build and allows the business to remain agile in the management and execution of industry regulatory framework,&quot;&nbsp;she adds.

Chao says the team is an important cog in the whole process of the development, not just in ensuring design intent is carried through the build.

Chao&#39;s team is engaged at the earliest point in the development before the site is even acquired.

They help scope out what is possible with the site, and what the site lends itself to in terms of density of buildings, number of apartments, and ultimately how well the design can fit into the current landscape of the area.

Studio Circle &amp; Co has been supporting the business&rsquo;s growth plans following the announcement of new site acquisitions in Chatswood and Erski​neville, boosting the company&rsquo;s development pipeline to more than $7 billion.

&quot;We collaborate with our acquisition team to test feasibility before a site is acquired which provides the business with confidence to proceed with purchase as a baseline, compliant architectural model has been developed and verified in-house,&quot;&nbsp;Chao says.

Studio Circle &amp;&nbsp;Co will collaborate with Coronation Property&rsquo;s award-winning architectural partners to push design boundaries early in the planning process.

&ldquo;It takes a certain type of person to work with, and for work for Coronation and we&rsquo;re proud of our longstanding relationships. We really demand the best from our chosen collaborators to ensure we are constantly evolving to better serve our customers and communities&rdquo;

Anticipating the needs of a changing industry, Coronation Property’s new in-house design team, Studio Circle & Co will be integral to the ongoing protection of their customers

How in-house design teams can benefit off-the-plan buyers amidst industry uncertainty

Prominent Australian developer and builders, Coronation Property has announced its continued expansion into Sydney&rsquo;s inner-city ring with the acquisition of a $200 million mixed-use development site in Chatswood.

Located at 57-61 Archer Street, the site sits in the centre of the suburb and across the road from key amenities including Westfield Chatswood and Chatswood Chase. It&#39;s also just&nbsp;a 10-minute walk to Chatswood Station.

Coronation Property will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 residential dwellings.

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Head of Urban Transformations at Coronation Property, Aras Labutis said the acquisition represents an important milestone for the company as they continue to focus on mixed-use sites around Sydney.

&ldquo;The Chatswood site presented a unique opportunity for Corontion Property to contribute to what we see as one of Sydney&rsquo;s fastest-growing precincts. With the State and Willoughby Councils committed to further developing Chatswood as a major employment and residential hub, we are excited to respond to the demand for more housing in the area and build upon an already highly sought-after community.&rdquo;

&ldquo;The site is in an ideal location, in a blue-chip area that is currently experiencing extensive investment into its town centre and the surrounding infrastructure. These factors will drive further growth in the area and make Chatswood an excellent opportunity for owner-occupiers and investors,&rdquo; Labutis added.

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Over the last five years, the Council has been in talks with the Chatswood community, developing a strategy to grow the town centre as a major employment hub and a vibrant residential precinct.

Coronation Property&rsquo;s project will tie into the overarching vision to enhance Chatswood&rsquo;s evolving growth strategy, with the group intending to work closely with both the State and Willoughby Council throughout the citywide rezoning process.

&ldquo;The new development represents a continuation of Coronation Property&rsquo;s strategy to focus on transformative placemaking and aspirational inner-city residential projects,&rdquo; said Labutis.

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The Chatswood project further solidifies the group&rsquo;s already robust development pipeline, which currently has over $5.2 billion in major mixed-use projects, including the underway 8 Phillip Street in Paramatta development, Charlie Parker in Harris Park, Mason &amp; Main in Merrylands, Ashbury Terraces in Ashbury and Moore Point in Liverpool.

Construction for the Chatswood site is set to commence in 12 to 18 months, pending development approval.

Coronation Property will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 residential dwellings

Coronation Property acquires $200 million Chatswood development site, expect 130-apartment tower

Ashbury has long been cherished as a suburb known for its tight-knit community.

With its abundant parklands, heritage charm and proximity to Sydney&rsquo;s CBD, Ashbury combines a vibrant city fringe lifestyle with all the best attributes of neighbourhood living.&nbsp;

Nestled in one of Sydney&rsquo;s greenest pockets, Ashbury is renowned for its tree-lined streets, Victorian rooftops, manicured gardens, and abundance of parklands that surround the residences, including the fields of Pratten Park and Yeo Park.

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Many of the Federation style bungalows are under heritage conservation meaning the character of Ashbury&rsquo;s streetscapes will be protected for years to come, adding to the list of reasons that make it such a unique and timeless development.

With consideration for Ashbury&rsquo;s existing local fabric, the evolution of Ashbury Terraces unfolded organically. Coronation Property brought together a team of Sydney&rsquo;s leading designers from SJB Architects and 360 Degree&rsquo;s Landscaping to ensure the development was just as charming as the suburb it&rsquo;s built in.

SJB Architects looked to the area&rsquo;s parklands and well-defined heritage character to honour its setting, and to build a solid foundation for its evolution, while 360 Degree&rsquo;s Landscape ensured every green space connected seamlessly to the built environment The architecture of Ashbury Terraces promotes diversity, character, and high amenity, just like its location. &nbsp;

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Detailed use of brickwork in the fa&ccedil;ades creates a synergy between old and new, drawing inspiration from the suburb&rsquo;s current materiality and creating a familiar yet unique addition to the landscape.

&ldquo;Our shared vision with Coronation was to create a collection of residences built on community and amenity &ndash; a place that truly improves as it ages,&rdquo; said Adam Haddow, Principal Architect and Director, SJB.

&ldquo;The suburb of Ashbury has heavily influenced our approach; it is contemporary yet also at one with the surrounding streets and neighbouring parkland. Within such a unique setting, we have the luxury of designing a variety of homes. In that way, we can invite people and families at every stage of life and create a true community,&rdquo; he added.

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With its serene location next to W H Wagener Oval, Ashbury Terraces has been designed to include a new pedestrian walkway to connect Milton St to the park. The oval acts as an extension of the already sizeable backyards while giving the wider community direct access to the park. In addition to an abundance of greenery created through the walkway, the development is centred around &lsquo;The Garden&rsquo; &ndash; a large communal green space that will feature places for retreat, dining areas, a gym, and large swimming pool.

Ashbury Terraces is within easy reach of everything residents will ever need. Living here means being connected with nature, while having access to leading education, well-connected transport links, thriving cultural scenes, coveted dining spots, gourmet food stores, stylish boutiques, and vibrant lifestyle precincts; at Ashbury Terraces, it&rsquo;s all just minutes away.

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As part of a heritage conservation area with local significance, the character of Ashbury’s streetscapes will be protected for years to come, adding to the list of reasons that make it such a desirable development.

How Ashbury Terraces responds to the local neighbourhood’s heritage charm

Mason &amp; Main is set to become one of Western Sydney&rsquo;s most thriving hubs, intentionally designed in collaboration with the multi-award-winning architects from Woods Bagot as a new town centre for Merrylands.

Its prime location on Merrylands Road is perfectly positioned between Sydney&rsquo;s two CBDs, just five-minutes from Parramatta and a 25-minute drive to Sydney&rsquo;s CBD.

With an exciting pipeline of new infrastructure on the horizon for the area it&rsquo;s no wonder the yet to be completed&nbsp;development has already hit over 60 per cent sold.

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Demand for property in Merrylands remains strong as the area has seen significant investments in infrastructure and continued community development.

&ldquo;We&rsquo;re seeing strong interest from first-home buyers wanting to get a foot into the competitive property market. The amenity on offer at Mason &amp; Main is unlike anything else currently on offer in the area which has garnered strong interest from the local demographic priced out of Parramatta,&quot; said&nbsp;Cameron Porter, Head of Sales and&nbsp;Marketing at Coronation.&nbsp;

Cumberland City Council have long publicised their commitment to urban transformation and connectivity between Merrylands and Parramatta CBDs. The significant investment in infrastructure around Merrylands and its strong projected population growth of 1.36 per cent&nbsp;by 2036, guarantees a&nbsp;positive future for the suburb making it a lucrative investment opportunity.

$11 million has been invested into the development of Merrylands Civic Square, which is expected to be complete by 2023. Located just 50-meters from Mason &amp; Main, this will be a new hub for businesses and residents to come together, enhancing the sense of community in the already vibrant suburb. Merrylands Civic Square will also be a great connection to Mason &amp; Main&rsquo;s Eat Street, further enriching the value of the precinct.

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$2.4 billion has been injected into the Parramatta Light Rail, significantly improving public transport options and connectivity across the Western Suburbs, allowing people to move more efficiently through surrounding areas like Carlingford, Westmead, Sydney Olympic Park and Strathfield.

This project will cement Parramatta as Sydney&rsquo;s second CBD, positioning Merrylands as a promising location for people seeking first-class apartments and amenity close Parramatta&rsquo;s CBD, with completion expected for around 2023.

$12 billion has also been put toward the Sydney Metro West, which is expected to be complete by 2030. The new underground railway will create greater connectivity between Western Sydney and the Sydney CBD, and generate thousands of new jobs for Western Sydney. As Merrylands Train Station connects with Parramatta and Sydney CBDs, travel time between the central business districts will be heavily reduced.

The Powerhouse Museum Parramatta is a $840 million project which will see the new Museum reside on the Parramatta River. Set to become a tourist and community hub for arts and culture, Mason &amp; Main residents will sit just 15 minutes-drive away.

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With so much expected for the future, a number of projects around the area have already been completed, including the $2.7 billion Parramatta Square. As one of the largest urban renewal projects in the country, the Parramatta Square redevelopment offers premium grade office spaces, a multi-level retail podium, and civic facilities to entice people to the area, positioning itself as a thriving hub for businesses and individuals.

$1 billion redevelopment of Westmead Hospital has also been completed. As Australia&rsquo;s largest medical precinct, the Westmead Health and Medical Research Precinct redevelopment plans are a major boost for the area, while the expansion also bodes well for Mason &amp; Main residents as an investment opportunity by adding lasting value and long-term housing demand to the area.

A newly built Western Sydney University has recently opened nearby to Mason &amp; Main, with the campus in the heart of Bankstown. Western Sydney University (WSU) partnered with Walker Corporation to deliver the $340 million campus, triggering the creation of hundreds of new jobs in the surrounding suburbs, as well as another top-line education option for Mason &amp; Main residents.

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Offering a mix of studio, one, two, and three-bedroom configurations starting from $394,00, the residences have piqued the interest of investors with the forecast average rental return of over four per cent, along with the unique design, high quality finishes, promising location and adaptability of the apartments.

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With an exciting pipeline of new infrastructure on the horizon for the area it’s no wonder the yet to be completed development has already hit over 60 per cent sold.



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