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

Eastern Suburbs

Rose Bay has long stood as one of Sydney's most prestigious Harbour suburbs, attracting those seeking both postcard views and a vibrant lifestyle.

Price growth has been consistent, solidifying its reputation in the trophy market, highlighted by a record house sale that reached $45 million in 2021.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Last year, Rose Bay recorded 69 house sales exceeding $3 million, compared to just 29 unit sales, according to CoreLogic. However, that gap is narrowing; as of 2024, there have already been 36 house sales over $3 million and 32 unit sales, signaling a growing supply and increasing interest in new apartment living.

Indeed that is reflected in the data from MatterFact, the new data from Apartments.com.au.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

The metrics driving new apartments in Rose Bay are largely influenced by the high cost of land, the cost heightened due to Rose Bay's proximity to the beach and the harbour, its charming village atmosphere, and the prestigious Royal Sydney Golf Club, one of Australia’s most exclusive golf courses and host of the Australian Open.

While land prices are high, new apartments can command premium prices due to the strength of the local housing market and the relative undersupply in the new apartment sector.

Generally, most new developments tend to have anywhere between 10 to 15 apartments, given the strict height limits in place by the Woollahra Council.

The newest apartments in Rose Bay come from the likes of regular Eastern Suburbs developers Stargate Property and Fortis.

Builder-developer Stargate is nearing completion of its Everose development on Old South Head Road.

Only recently launched to market, Everose comprises 26 two and three-bedroom apartments with outdoor garden courtyards or terraces and kitchens kitted out with&nbsp;premium V-Zug appliances.

[smartcode_project:default project_id=113391 project_image_fid=277970]

<a href="/developers/fortis">Fortis</a> is soon to start welcoming buyers to its completed Atlas development on Spencer Street.

Recently completed by <a href="/builders/lords-group">Lords Group</a>, <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a> has just 12 apartments designed by MHN Design Union.

Fortis is already working on its fourth multi-residential development in Rose Bay. Last month, Urban revealed the development arm of Pallas Capital lodged plans for its recently acquired Ian Street site.<img alt="Fortis" data-entity-type="file" data-entity-uuid="e67d85e4-9123-4311-8983-278550d7cf93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%209.44.14%E2%80%AFAM_0.png?VersionId=Dq_i3_UCtaUTxGQXGSGZFXXCh__9sLNK" />

They're planning 12 apartments, 11 three-bed and one two-bed, across a five-level building at 10-12 Ian Street. They've had&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>&nbsp;handle the architecture again.

Read more:&nbsp;<a href="/news/nsw/lords-group-to-bring-scaffolding-down-at-fortis-atlas-in-rose-bay">First look exclusive: Fortis plan new Rose Bay apartments</a>

One of the most exciting developments Rose Bay has seen in years looks set for the fringe of the Royal Sydney Golf Club.

<a href="/developers/orosi">Orosi</a>, a fully integrated developer with its own construction and architecture arms, will be developing a part four, part five-level building on the corner of The Avenue, Old South Head Road, and William Street.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="1f11577c-ef7d-4e9d-9f9f-70fd8bea5adf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2010.00.15%E2%80%AFAM.png?VersionId=86DuGR5PD9ZhXrqbJjKmZKYaeIg6FeMM" />

On offer for buyers will be 50 two and three-bedroom apartments. The unrepeatable site spans over 3,000 sqm.

The apartments will sit above a new vegan cafe, restaurant, and a commercial space that will act as the display suite during construction, before turning into Orisi's new office on completion.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">First look exclusive: Orosi plan Rose Bay shoptop on key gateway site</a>

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au

Downsizers finally start to get their chance in Rose Bay as new apartment supply grows

AYA Penthouse, the largest single-level apartment in Bondi Beach, has just been sold for around $22 million, just a few weeks before its completion.

The four-bedroom, 353 sqm penthouse designed by world-renowned architect Koichi Takada, was sold by Eddie Mansour of Ray White Projects and Jeremy Wiesner of Wiesner Property, with Mansour saying the sale represents the highest price achieved for a&nbsp;non-beachfront facing apartment.

Wiesner said every square metre of the penthouse "goes above and beyond."

"The indoor/outdoor living areas, enhanced by Takada’s signature touches, were a major drawcard for buyers."

<img alt="" data-bit="iit" data-entity-type="" data-entity-uuid="" height="260" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMv79gUyZ7n3JPiNgqgarE5g2M5exVS9VMG8tiAtFTH3W5x_g7pIekB1MCek1wYczR7tED6nj5x1t46mhGJ7kd6BGwK5S2cdSurjx7gY-U8tOowflzyiRsHgpRDd2cmk66OOFNqaGtIJ70gNnVQIR6i68F?key=MYjsndFdB7Y58ALwjMF-Xg" tabindex="0" width="602" />

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial.

Tal Silberman, group managing director of Moshav, said that he was incredibly proud of their group’s development, setting a new benchmark for luxury property.

“AYA Penthouse epitomises coastal luxury with its iconic location and innovative design,"&nbsp;Silberman said.

"This record-breaking sale is testament to the desirability of Bondi Beach and the appetite for truly magnificent design."

Buyers agent Will Roberts from Alsaker negotiated the sale on behalf of the Eastern Suburbs buyer.

Construction firm Lord Group is currently completing the final stages of the development.

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial

AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million

The new apartment pipeline in Sydney's Eastern Suburbs is hotting up heading into summer.

But buyers are very particular, considering they're buying into the most expensive area of real estate in the country.

1st City agent Yaron Foghel has noted an increase in buyer demand in new and off the plan apartments in the east, from both owner occupiers and investors.

"They're looking to take advantage of future market potential," Foghel says.

New projects allow buyers to secure a property at today's prices with the potential for appreciation by the time of completion," Foghel says.

Foghel has distilled buyers' main criteria into the 'Three V's.'

"Buyers want views, a village, and value. The Three V's are crucial in driving demand."

A spectacular view of the ocean, harbour, or city skyline can significantly enhance a property's appeal and price, Foghel says.

"Additionally, the charm of a local village, with its vibrant cafes, boutique shops, and community vibe, adds a sense of belonging and convenience.

Foghel says value has always been a major driver.

"Buyers seek properties that offer long-term investment potential, balancing luxury and lifestyle with future growth prospects in highly sought-after areas.

Foghel is marketing two developments that offer each of the 'Three V's.'

One of the most unique projects on the market in the Eastern Suburbs is Mangata, the latest luxury development from&nbsp;<a href="/developers/rnb-property-group">RnB Property Group</a> in&nbsp;<a href="/developments/vaucluse-nsw-2030">Vaucluse</a>.

<a href="/new-apartments/mangata-27-29-kimberley-street-vaucluse">Mangata</a>, named after the Swedish word meaning 'the road-like reflection of moonlight on water', comprises just four full-floor apartments positioned on&nbsp;the iconic Federation Cliff Walk, offering panoramic views from Dover Heights to Watson's Bay.

<a href="/news/nsw/what-are-new-apartment-buyers-in-sydneys-eastern-suburbs-looking-for-matterfact-insight">What are new apartment buyers in Sydney's Eastern Suburbs looking for? MatterFact Insight</a>

[smartcode_project:default project_id=144130 project_image_fid=256793]

The most recent release has been in <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a> where <a href="/project-marketer/1st-city-projects">1st City Projects</a> is marketing Origami, the first <a href="/architects/koichi-takada-architects">Koichi Takada</a>-designed development in Bondi Junction.

<a href="/new-apartments/origami-bondi-junction-55-grafton-street-bondi-junction">Origami</a>, developed and built by JQZ, comprises 88 one, two, three and four-bedroom apartments. Even the one-bedroom apartments toward the bottom of the building have never-to-be-built-out harbour views.

[smartcode_project:default project_id=9002 project_image_fid=296377]

The Grafton Street development features a range of commercial spaces on the ground level that can be customised by their owners to be anything from a home gym, office, or music studio.

Residents will have access to a rooftop pool with extensive harbour views.

[smartcode_project:default project_id=9002 project_image_fid=296388]

The development, with a 24/7 concierge and smart parking system, will reset price records for Bondi Junction.

"This will no doubt be Bondi Junction's best new development," Foghel says.

"JQZ changed the density and design of the building when they bought the site a few years ago to make sure it stands the test of time as the standout building in the area."

The "Three V's" Eastern Suburbs new apartment buyers are seeking

Revised plans by&nbsp;Fender Katsalidis for the $111 million redevelopment of the Coogee Bay Hotel have been submitted.

The original plans to demolish significant parts of the hotel and build a new six-storey apartment building were met with significant opposition from both Randwick City Council and local residents.

The applicant took the matter to the Land &amp; Environment Court in November 2021, and since then, the case has been ongoing. However, on March 23, 2023, the LEC granted permission for the applicant to lodge amended plans.

<img alt="Render of the proposed Coogee development" data-entity-type="file" data-entity-uuid="9bc29867-b60d-4ca4-bd3a-f9c5b0794472" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-03%20at%203.31.59%20pm.png?VersionId=4oVyhWm51qLJxDP.1oX5o4grAiZG7pOR" />

Under the new proposal, several existing buildings and structures on site will be demolished. However, the hotel and most of the Coogee Bay Road facade and beer garden will remain. The internal areas of the hotel will also be reconfigured, and 16 new and 15 refurbished rooms will be added.

To the west of the site a four and five-storey shop top residential building will be constructed, comprising 58 apartments, with seven one-bedroom, 25 two-bedroom and 24 three-bedroom apartments, in addition to two four-bedroom penthouses.

A new three-storey southern hotel wing, south of the beer garden, will be constructed, including 15 new hotel rooms. The existing beer garden area will also be upgraded, with the construction of new dining pavilions.

Additionally, 11 new retail tenancies, including cafes, shops, and restaurants, will be created in a ground-floor eat street precinct and Coogee Bay Road. A new public laneway will also be established, running from Coogee Bay Road to Arden Street, creating a through link.

<img alt="Render of the proposed Coogee development" data-entity-type="file" data-entity-uuid="fc57fa6b-bca4-4457-a5e3-b2d9ee8cc018" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-03%20at%203.32.18%20pm.png?VersionId=XOQ0B5Nv2ZzR4PWvQwrnmrzunmftdLSI" />

Two levels of car parking will service the development, one at ground level and one basement carpark level, with around 159 spaces planned.&nbsp;

Currently, Randwick Council's external planning consultants are undertaking a detailed assessment of the amended plans, and community feedback will be carefully considered as part of the court proceedings.

Key amendments to the proposal:

<ul>
	<li>Building heights reduced from a maximum of 23.33m to 21.35m.</li>
	<li>Amendments to the building mass to retain view lines to key landforms including Wedding Cake Island, Dolphin Point and the northern headland of Coogee Beach.</li>
	<li>Reduction in basement excavation by two levels.</li>
	<li>Increased building setback to the southern boundary and accommodation of deep soil planting and additional communal open space.</li>
	<li>Removal of the ground level supermarket tenancy and provision of residential apartments to the street frontage of Vicar Street.</li>
	<li>Increased retention to four heritage building facades along Coogee Bay Road.</li>
	<li>Internal reconfiguration of pub building, hotel and all residential apartments.</li>
	<li>Inclusion of a three-storey building to the southern side of the beer garden. Provision of the car park entry from Arden Street only and removing the car park entrance from Vicar Street.</li>
	<li>Changes to the colour and materials used on the retail tenancies fronting Coogee Bay Road to respond to the character of this streetscape.</li>
</ul>

Under the new proposal, several existing buildings and structures on site will be demolished

alisonwarters@gmail.com

Revised plans submitted for $111m Coogee Bay Hotel redevelopment

Dreamers of owning a property in Bellevue Hill might soon have a chance to enter the market at a lower entry point compared to the sprawling estates the harbourside suburb is known for.

And the opportunity is set to arise on Fairfax Road, one of Bellevue Hill's most exclusive streets, near the Packer family's 1.2 hectare Cairnton estate.

Plans have been lodged by the Sutherland Shire-base Nivana Group, who are seeking to turn a 1930s, Art Deco low-rise at 3 Fairfax Road into a three-level apartment project, designed to fit into the eclectic mix of houses that line the Eastern Suburb’s streets while adapting and creating something new in the locale.&nbsp;

Designed by Sydney locals MHN Design Union, the $5.5 million development will see just four three-bedroom apartments developed, and one four-bedroom penthouse.&nbsp;

"The unit mix is consistent with market demand and represents a wide range of apartment buyers, users, and typologies,” MHNDU said in their design statement.&nbsp;

“It will suit the demographic mix of families, retirees, and down-sizers living within the surrounding area, while the layouts are flexible and adaptable to allow for future conversion if needed.”

An attempt has been made to minimise the bulk and scale of the building, with the architects utilising a bi-partite form that incorporates an articulated facade and adequate setbacks between neighbouring buildings. The masonry building will feature regular openings, deep reveals, columns and solid panel walls to provide a rhythm of light and shadowed elements against a white textured render, along with clear glass and light bronze metal trims and detailing.

<img alt="Render of the Bellevue Hill project. " data-entity-type="file" data-entity-uuid="1f9da763-9f34-444a-8ce5-f6f785ff6873" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%205.13.06%20pm.png?VersionId=zFkhMp4mkpPI4QIz9EZd5GtREBP8BxIa" />Render of the Bellevue Hill project. Credit: MHNDU

Low retaining walls and landscaping soften the barrier along the street footpath, with curved concrete walls signalling the entrance to the building.&nbsp;

Generously sized, each of the apartments include expansive balconies or terraces, with the floorplans designed to maximise solar access and cross flow ventilation in all the living spaces. Floor-to-ceiling windows in the living spaces also take advantage of view lines to the east and north.&nbsp;

Just two apartments will grace the first two levels of the building, each with three-bedrooms and three-bathrooms. Benefitting from access to the private garden area at the rear of the site, the apartments will also benefit from direct access to two swimming pools which are located at the front of the site.&nbsp;

The penthouse apartment will feature four-bedrooms and four en-suited bathrooms, along with various private outdoor covered terraces, including one adjoining the living area facing the cliff and rear garden, one at the front of the apartment and one from the master-bedroom.&nbsp;

“The proposed floor space represents a desirable outcome for the ordered growth within the area, with minimal impact on the amenity of existing neighbours," the report continued.

“The private open areas of the apartments are deep enough to be comfortably furnished, while also being long to accommodate a variety of outdoor uses.”

All apartments are provided with plenty of internal storage areas within the apartment, including a laundry/linen cupboard with space for a washing machine, dryer and tub, with additional secured storage provided within the one-level basement, which will also accommodate space for parking.&nbsp;

Volker Klemm have handled the landscaping designs for the project, with deep perimeter planting proposed. Maximised across the ground floor where possible, the landscaping will not only provide significant screening and privacy, but also create a leafy oasis for residents to relax and unwind among.&nbsp;

Located just under four-kilometres from the Sydney CBD, future residents will also be near to the Double Bay town centre, which is a short 200-metre stroll from the site, with the Eastern Suburbs neighbourhood well connected to a range of convenient amenity, including schools, hospitals, restaurants and recreational offerings.&nbsp;

[smartcode_project_cta:default project_id=137760]

Designed by Sydney locals MHN Design Union, the $5.5 million development will see just four three-bedroom apartments developed, and one four-bedroom penthouse

First look: Boutique apartment plans lodged for Bellevue Hill

Sydney development group Top Spring Australia has sold the second penthouse within its Ode Double Bay development, fetching a price of a cool $21.49 million.&nbsp;

The 219 sqm penthouse, which features an upper level with a private 111 sqm rooftop terrace, complete with a spa and landscaped entertaining spaces, was sold to a couple seeking to downsize from their five-bedroom harbour-front residence in Sydney’s eastern suburbs.

The penthouse comprises three-bedrooms, three-bathrooms, a media room and multiple living and dining zones. The master bedroom features a custom walk-in robe with leather finishes and an oversized bathroom complete with a freestanding bath, double shower, marble bench tops, and travertine flooring.

A private wine cellar adjoins the expansive entertainer’s kitchen and butler’s pantry, finished in natural stone bench tops, custom joinery and a choice of either timber or travertine floors.

<a data-entity-type="file" data-entity-uuid="6fe53e49-7222-42dd-8022-2d2979098465" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ODE_External%20Hero.jpg?VersionId=HL7i0pU6L.bhRT2gFhKf8_sUkRq85IMw" /></a>Render of Ode Double Bay. Image supplied.&nbsp;

It’s the third time Ode has broken the previous pricing record of $16.092 million in the blue-ribbon suburb, with the adjoining penthouse selling off the plan for $24.9 million and a sub-penthouse selling for $17.495 million.

Top Spring Australia Managing Director, Sydney Ma, said the sale of the two Ode penthouses to local buyers is a testament to its exceptional architecture and location, and its enduring contribution to the renaissance of Double Bay.&nbsp;

“From its refined architecture, artwork and concierge service to the vibrancy of the custom interiors and ground floor retail spaces, Ode’s contribution ultimately extends beyond that of a residential experience, to a complete and unrivalled lifestyle experience,” Ma said.&nbsp;

All three record-breaking sales were brokered by 1st City Real Estate Group.

Managing Director Brad Caldwell-Eyles said wine collecting is a passion of the latest penthouse purchasers.

“The wine room was certainly a real draw card, alongside the lifestyle, convenience, outlook and quality that comes with living at Ode Double Bay,” Caldwell-Eyles said.

“Our buyers are very active in golf, travel and their family office’s business interests, and the opportunity to downsize from their five-bedroom harbourfront home to this exquisite three-bedroom plus media room penthouse was perfectly timed.”

<a data-entity-type="file" data-entity-uuid="2081b6a5-3583-470c-80f2-a76e373ea38a" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of the wine room in Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_214_HR.jpg?VersionId=e7aK1JdNrOAgtRVvGo5tY2rgMwe_siIN" /></a>Render of the wine room in Ode. Image supplied.&nbsp;

The five-storey development, designed by Luigi Rosselli Architects, comprises 15 three and four-bedroom apartments and 600 sqm of ground floor retail space, most of which has been sold to leading Sydney restaurateurs.

Double Bay institution, Indigo, will move into 300 sqm of Ode’s retail space and local fine dining offering, Carte has secured 137 sqm of space with plans to relocate its modern art and fine dining experience.

Located at 19-27 Cross Street, the corner site also directly links to local retail and dining offerings, and is located close to local beaches, parks and public spaces.

The remaining three-bedroom apartments start from $9.695 million, while the four-bedroom 
residences start from $11.995 million.

Demolition of the existing site commenced in September 2022, with the main construction phase due to commence in early 2023. Construction is scheduled to wrap by early 2025.&nbsp;

[smartcode_project_cta:default project_id=113405]

Downsizers splash $21.49 million on Ode Double Bay penthouse 

Prominent eastern suburbs developers HSN are back to the popular Bondi locale, setting their sights on Bondi Beach this time having previously developed Ellipse in Bondi Junction.&nbsp;

The property group, along with their construction arm HSN Construction, has lodged plans for a residential development across an amalgamated 1166 sqm site at 55 Hall Street.

Located just 350 metres from the sand of the iconic Bondi Beach, PBD Architects have been engaged to design the four-storey shop-top project, which will deliver just 16 apartments above ground floor retail space.&nbsp;

In keeping with market demand and residential options in the area, a mix of floorplans will be constructed, with one one-bedroom apartments, 12 two-bedders and four three-bedroom apartments.&nbsp;

“The surrounding context has seen some impressive developments come to fruition in the past decade, many of which have contributed to the Australian coastal character of the area,” PBD said in their application plans.&nbsp;

“The site functions as a development that seeks to activate the Hall Street street frontage, with the design sympathetic to the pattern of development and desired future character of Bondi.”

The overall style of the Hall St residences is eclectic, however it fits in with the wider neighbourhood’s context through its Australian coastal style.&nbsp;

<a data-entity-type="file" data-entity-uuid="dbd912d0-4364-4f62-a9eb-e3eacc12c733" href="/new-apartments/55-hall-street-bondi-beach"><img alt="Render of the Hall Street development. " data-entity-type="file" data-entity-uuid="dbd912d0-4364-4f62-a9eb-e3eacc12c733" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%205.22.22%20pm.png?VersionId=XLO08Wvwsy18GDNTes0ClhZLYHNo7aSw" /></a>Render of the Hall St development.&nbsp;

Framed glazing throughout maximises the solar orientation of the apartments, while also capitalising on the views.&nbsp;

A mix of fluted precast concrete will make up the base of the development, complemented by natural stone and a mix of brown and green hued elements.

A close collaboration with renowned landscape architects, Bates Landscape has resulted in a synthesis of building design, further corroborating the design with the natural surrounds. &nbsp;

The landscape proposal draws upon the unique ecological character of the Bondi area, with planter boxes utilised throughout the building facade, as well as across the ground floor, seamlessly connecting the project to the natural neighbourhood.&nbsp;

The site’s location near to the best Bondi has to offer will also means future residents will be within walking distance to a number of cafes, restaurants, bars and supermarkets, as well as a range of public transport options, providing connection to a wider range of facilities, including schools and the Sydney CBD.&nbsp;

There’s been a string of developers who have taken to the popular street in recent times, including <a href="/news/nsw/first-look-allen-linz-and-eduard-litver-team-up-for-new-hall-street-bondi-apartments">Allen Linz and Eduard Litver’s $12.5m project across an amalgamated site at 34-38 Hall St.&nbsp;</a>

The four-level building will have ground floor retail, apartments above, and two-levels of basement parking, with the block bookended by the heritage Post Office to the east.

Embece Studio were enlisted to design the plans for the project, taking inspiration, not dissimilar to PBD, from the neighbourhood’s surrounding landscape and greenery.

The well-known Sydney property investor and developer, <a href="/news/nsw/vaughan-blank-set-for-apartment-development-on-bondi-beachs-hall-street">Vaughan Blank, has also submitted $9.4 million plans to transform the old Westpac building on Hall St.&nbsp;</a>

He'll be creating a new shop-top housing building, with 15 apartments and retail premises on the ground floor, designed by BANG Architecture.&nbsp;

[smartcode_project_cta:default project_id=136998]

HSN has lodged plans for a residential development across an amalgamated 1166 sqm site at 55 Hall Street.

First look: HSN lodge apartment plans for Bondi’s popular Hall Street

The ASX-listed group Mirvac together with Easts Group will fill the gap in the downsizer market, with the topping out recently of their near $164 million over–55’s development.&nbsp;

The Langlee will be lifestyle focussed and amenity-rich, with the lucrative benefit of welcoming its first residents in 2023.&nbsp;

The project marks a return to the eastern suburbs for Mirvac, following the successful completion of The Moreton in Bondi in 2017, at a time where up to one in 10 baby boomers are opting to downsize, freeing up the family home to allow the next generation of families to move in.&nbsp;

The ‘right-sizer’ movement, enhanced further by the Federal Government’s Downsizer Scheme, promotes housing efficiency in a supply-constrained market.&nbsp;

<img alt="Render of the Mirvac over-55's development, The Langlee" data-entity-type="file" data-entity-uuid="35d4909b-dbd6-4395-b5c3-7a4a4f158d6f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2300_Waverley_S030_EXT_HeroWesternFacades_Final2000%20%282%29.jpg?VersionId=fmH_ZFjFYC4Okz45gQQCfSvL7bxQ0iaU" />Render of the Mirvac over-55's development, The Langlee

Mirvac’s Head of Residential, Stuart Penklisa said the partnership with Easts Group will deliver an amenity-rich lifestyle for the right-sizer, offering the best of both convenience and comfort.&nbsp;

“On top of that, we wanted to create a new benchmark of exceptional quality that would live up to Mirvac’s reputation of quality and discerning attention to every detail,” Penklis said.&nbsp;

“We know that Australia’s ageing population is on the rise. In fact, those aged 65 and above will double to one in every four people by 2042, and along with it the trend to downsize will gain further momentum. But The Langlee offers prospective purchasers an attractive downsizing option with a difference.”

“The idea of an over 55`s residence has significant value to the wider community and allows for the natural transition of the housing continuum by allowing downsizers to reside and enjoy a maintenance free environment with state-of-the-art facilities, and in turn on-sell their larger family home to the next generation of families, prompting much needed housing to the market,” he added.&nbsp;

Designed by Altis Architecture, in conjunction with Mirvac’s design team, the rare one-hectare site will feature 55 premium residences, in addition to a suite of lifestyle-focussed amenities, including a 20-metre indoor lap pool, treatment and steam rooms, a mezzanine level gym and space for pilates, yoga and stretching classes.&nbsp;

<img alt="Render of the pool area within The Langlee" data-entity-type="file" data-entity-uuid="523f4712-a114-4021-b944-3e81156feed2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2300_Waverley_S050_INT_WellnessCentre_Final2000.jpg?VersionId=yjFc9pwlX8zWrAhX_Jt__Hq3MbzJoKeK" />Render of the pool area within The Langlee

An indoor/outdoor casual and contemporary café, restaurant and bar will also be situated on the ground floor, fronted by two bowling greens.&nbsp;

An added feature will be a personalised well-being concierge service delivered by Zinnia Living to benefit residents whilst moving in, making it easier to transition seamlessly into a lifestyle of relaxed luxury.&nbsp;

Penklis said that The Langlee meets the increasing needs of a growing consumer group in an area of limited supply and addresses the unmistakable trend towards living environments which include a high level of amenity that deliver health and social benefits.

Along with lifestyle features and amenities, Mirvac has worked to lighten The Langlee’s environmental footprint through sustainable building practices and cost saving benefits for residents. The Langlee maximises available roof space to house solar panels, with a 92-kW system to be installed which will significantly offset the running costs of the common area facilities, reducing ongoing energy costs to our residents.

Electric Vehicle (EV) charging to each and every residential car space has also been provisioned, along with water and energy efficient appliances, and with more and more people choosing electric vehicles and a more sustainable way of life, the building is future proofed for this important transition.

<img alt="Render inside one of The Langlee residences" data-entity-type="file" data-entity-uuid="2ce5b246-8f36-4775-b992-747f3aee77f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2300_Waverley_S060_INT_KitchenLight_Final2000%20%281%29.jpg?VersionId=MFa2w0vnJi2ZJi0HOgJSH0PzCp83L68g" />Render inside one of The Langlee residences

“Not only are purchasers focusing on lifestyle features, but they are increasingly making decisions based on environmental factors to ensure we leave the planet a better place than we received it. At The Langlee, and across our business, we are committed to continually doing our part,” said Penklis.&nbsp;

Easts Group CEO Joe Kelly said that meeting the wider needs of the community, particularly in the Eastern Suburbs where the population aged 55-79 has grown by 8.3 percent (or &gt;4,250 people) since the last Census in 2016, was a fitting repurpose for the former Club.

“The Langlee and our new hospitality venue known as Waverley Greens, presents a unique opportunity to create an exceptional new community precinct,” said Kelly.&nbsp;

“Through our partnership with Mirvac, the Club is looking forward to providing the Eastern Suburbs with a first-class sporting, social and community asset, that along with the residential offering, will set a new benchmark in leisure, comfort and amenity in a landmark location close to Sydney’s most renowned beaches. There is no one better placed to deliver on that than Mirvac, a reputable company known for quality, and with 50 years of proven delivery success.”

The Langlee is consistent with Mirvac’s strategy to extend their pipeline with projects that Penklis says delivers the right product in the right location, at the right price, and with the right partners.&nbsp;

“Mirvac’s fully integrated model means we are designing and constructing the development which enables the confidence in dealing with one party. We are also highly selective in the partners we choose to work with. As a result, we are one of the few development companies in Australia with the capacity to see new projects get off the ground and completed in a timely manner, knowing that our reputation for quality will stand up well in any market,” Penklis concluded.

<img alt="Render of the bowling greens that will front The Langlee" data-entity-type="file" data-entity-uuid="3e3a0663-cd03-4d9f-bde2-4c9cc83766e0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MIR2300_Waverley_S180_EXT_GroundLevel_Final%202000%20%281%29.jpg?VersionId=XHhIamRMXKfHCaR5V4MQPB9OGyKcEY0b" />Render of the bowling greens that will front The Langlee

Designed by Altis Architecture, in conjunction with Mirvac’s design team, the rare one-hectare site will feature 55 premium residences, in addition to a suite of lifestyle-focussed amenities, including a 20-metre indoor lap pool, treatment and steam rooms, a mezzanine level gym and space for pilates, yoga and stretching classes. 



Mirvac meets growing baby boomer downsizer demand in Sydney’s East 

Sydney’s popular eastern suburbs beachside spot Maroubra is set to welcome a rare new apartment development on its beachfront strip.&nbsp; 
&nbsp;

Leading personal injury lawyer Gerard Malouf and his wife Dana has lodged plans for a boutique development at 116-118 Marine Parade.

MHNDU has designed the four-level building which will home just 10 apartments.

The residences will sit atop a stone clad basement level, which has been designed to appear as a landscaped podium.&nbsp;

The project will deliver a mix of apartment types; two one-bedroom, two two-bedroom, and six three-bedroom apartments, with three apartments to be dedicated to affordable housing.&nbsp;

The site is located in an area that is currently underdeveloped, but is zoned for higher density residential buildings in the future, with the desired future character of Marine Parade evident in the more recently constructed buildings further to the south of the site.&nbsp;

The combination of contemporary materials, colour palette and landscaping will provide a well-designed and high quality finish to the public domain and surrounding development, setting a precedent for contemporary development in the area.

The ground floor level will comprise two three-bedroom residences, each containing an open plan living, dining and kitchen area, a powder room, a laundry, three ensuites, a walk-in-robe and outdoor private open space wrapping around the apartment.

The first floor will include two one-bedroom units, again with an open-plan design, a bathroom, a laundry and private open space. The floor also has two two-bedroom apartments, each with a bathroom, a laundry, an ensuite and a walk-in-robe.

On the second floor, two three-bedroom ensuited apartments will be included, each with a powder room, a laundry and a walk-in-robe, with the third floor set to home the additional two three-bedroom apartments, each with ensuites, powder room, a laundry and a walk-in-robe.&nbsp;

All of the apartments will adjoin to private open spaces, in the form of balconies or courtyards, and while no communal open space has been proposed, the site benefits from its location near to Maroubra Beach, and a reserve directly across the road, which provides additional public recreation space.&nbsp;

The development will also include a total of 483 sqm of landscaped greenery at the front, rear and sides of the site, with the designs handled by Wyer &amp; Co. Landscape Design.&nbsp;

Maroubra set for rare new luxury apartment development

With over 15 years development experience across Sydney&#39;s eastern suburbs, RnB Property Group have taken to the sought after Bellevue Hill for their latest project.

Drawing inspiration from the original building&nbsp;which laid claim to the 49 Drumalbyn site before the recent development, Palomar will deliver just&nbsp;eight&nbsp;residences to the&nbsp;prestigious&nbsp;enclave.

RnB say Palomar evokes a timeless romance, with the development curated with&nbsp;Mediterranean-style architecture.

[smartcode_project:default project_id=14891 project_image_fid=203718]

The built form comprises a white brick-finish fa&ccedil;ade, with arched bronze windows encompassing some of the most impressive north harbour aspects.

The residences will include three-bedrooms, with state-of-the-art finishes and a modern Australian sensibility that brings a unique quality of design and luxury to the enviable pocket.

Bathed in northern light, Palomar also incorporates expansive gardens and terraces, featuring floral terrazzo tiles, stone-clad exteriors and lush oasis-inspired landscaping.

[smartcode_project:default project_id=14891 project_image_fid=203721]

Stepping inside Palomar, the interiors are coloured with an earthy palette, complimented with organic textures.

An organic minimalism is featured throughout Palomar&#39;s kitchens, comprising honed limestone bench tops, splashbacks of handmade Spanish tiles, powder-coated white and bronze lattice cabinetry, as well as fully integrated Gaggenau appliances.&nbsp;

Construction is set to wrap up later this year on the boutique&nbsp;project, with 1st City Agent, Yaron Foghel saying the respect the developers and architects have paid to the existing heritage of the building is something that truely sets Palomar apart.

[smartcode_project:default project_id=14891 project_image_fid=203719]

&quot;The design of Palomar, with the&nbsp;white bricks and organic materials really&nbsp;respects&nbsp;the original building design,&quot; he said.

&quot;While they&#39;ve created a brand new building, they&#39;ve kept the same name and overall look of the original building.&quot;

Foghel said they had a number of local downsizers taking up stock at the Bellevue Hill project, along with international buyers from Hong Kong and Singapore.

&quot;We&#39;ve seen high interest particularly from expats, as well as local downsizers&nbsp;who are&nbsp;looking to stay maintain the exclusive&nbsp;eastern suburbs address, while enjoying the luxuries of apartment-style living.&quot;

[smartcode_project_cta: project_id=14891]

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