One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Sutherland Shire

Sydney property developers Fyve are heading south of the city for their latest residential development.&nbsp;

The group has lodged plans an amalgamated site in the heart of the Shire, with WMK Architecture behind the designs for the 36 apartments at 15-19 Pinnacle Street, Miranda.&nbsp;

A mix of apartment types will be delivered across a five-storey building, with four one-bedroom, 28 two-bedroom, and four three-bedroom apartments planned.&nbsp;

<img alt="Render of the proposed Miranda apartment development" data-entity-type="file" data-entity-uuid="8ad956c2-7413-434c-b757-116ff7fef8b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-26%20at%2010.38.22%20pm.png?VersionId=qiH2X2G2ZW18gC3KXMPA6LB38p6FIwi0" />Render of the proposed residential development at&nbsp;at 15-19 Pinnacle Street, Miranda.

Following an open plan design, the living, dining and kitchen areas adjoin to generously-sized open spaces, in the form of balconies and terraces, connecting the indoors with the out whilst also providing additional living space.&nbsp;

Light and dark brown cladding will encompass a majority of the built form, with similar colours and materials used throughout, tying the project to the local environment.&nbsp;

In keeping with the natural surrounds, landscaping and greenery plays a pivotal role in the development, not only in the form of open communal spaces across the ground floor, but in softening the edge of the building and providing clear entry points into the building.&nbsp;

Landscaping will also enhance the privacy of the internal courtyards and balconies, without impeding views from the site. &nbsp;

Fyve has a steady pipeline of projects in the works, with the group also behind the plans for Liverpool's tallest apartment tower, which only recently launched to the market.&nbsp;

Dubbed The Liverpool, the 34-storey tower will deliver 193 apartments, along with a 93-room hotel, 6,500 sqm of commercial space, and a range of ground-floor retail tenancies.

While not only providing stock to a market that is strong in demand, especially in the Shire area, the proposed development also benefits from close proximity to public transport along with the Miranda Town Centre. 

alisonwarters@gmail.com

Sydney developers Fyve lodge plans for Miranda apartment project

The boutique Sydney developer Fiducia is set to launch its latest apartment collection to the market, an exclusive range of 12 Mediterranean-inspired residences in the heart of the Sutherland Shire.

Callista, derived from the Greek word for ‘most beautiful’, is positioned in one of Cronulla’s most intimate beachside neighbourhoods, with the apartments featuring design pieces hand selected from the European coastline.

<img alt="Render of the proposed Cronulla apartment project, Callista" data-entity-type="file" data-entity-uuid="971c72a3-78b0-4b10-95f3-c7fff712aba7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_S010_HERO_FINAL2500%20V2.jpg?VersionId=UC4ED_IrEFlgpyOD2FXCH11V.BNAbAQ0" />

Two, three and four-bedroom apartments are on offer on, with the apartments extending onto either lush garden courtyards or balconies, with the four-bedder dwellings on the higher levels benefitting from ocean views. &nbsp;

Fiducia’s Development Director, Marie Doyle, said the group have long had a love and history of delivering boutique costal apartments, with it only being a matter of time until they developed in Cronulla.

“Callista offers something for a range of buyers from young professionals, downsizers with a love for beachside proximity or locals simply seeking an upgrade in living," Doyle said.

Prices begin at $2.2 million for a two-bedroom courtyard apartment, ranging up to $7.3 million for the four-bedroom penthouse.

<img alt="Render inside one of the proposed Cronulla apartments at, Callista" data-entity-type="file" data-entity-uuid="b7a37ff6-3f12-47fa-b2fb-937edf0c4cb2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_4.01%20PENTHOUSE%20LIVING_FINAL2500.jpg?VersionId=Jt3F5AQE1E7jvhEFJVmZLoSQmqTvhqK6" />

Fiducia have appointed interior designer Chloe Matters to handle the interiors of the apartments, which are designed by local architects Peter Courvaras.

“We wanted to bring together an organic palette rich in texture with elements of rustic stone, natural whites and materials that conjured up that effortless feeling of summer on the Mediterranean coast,” Doyle added.

Callista will also offer residents a communal pool, barbecue area, outdoor shower and surfboard racks.

Highland has been appointed as the exclusive selling agent on the project. Highland CEO David Highland saying the project will set a new benchmark for luxury in apartment living in Cronulla.

<img alt="Render of the proposed Cronulla apartment project, Callista" data-entity-type="file" data-entity-uuid="a93da543-d87b-474a-b198-011ae877fa76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_COMMUNAL%20AREA_FINAL2500.jpg?VersionId=R4cBZa4EwuzafpZl3VKM6h5XmTocnXsb" />

“With an obvious nod to European design and styling not seen before in Cronulla, Callista will offer buyers something very special and unique," Highland said.

"I’m excited to see Fudicia’s new project come to life."

Established in 2004, Fiducia has completed over 700 residences to date, picking up a string of awards along the way, including from the Urban Development Institute of Australia (UDIA NSW), Housing Industry Australia (HIA), and REINSW.

Fiducia set to launch luxury Cronulla apartment project, Callista 

Modern Developments has dipped their toe in the waters of the Shire to bring to life their latest residential offering, Eterna.

The Sydney-based company has developed a reputation for delivering high-value residential and mixed-use developments in Sydney’s prestigious Upper North Shore, St George and Inner-city regions since establishing themselves back in 2001, with Eterna being no different.

[smartcode_project:default project_id=109837 project_image_fid=184579]

Curated by North Sydney architects, Krikis Taylor, the residences have been designed with a focus on oversized layouts, with living spaces offering floor-to-ceiling windows, connecting the inside to the out and allowing natural light to filter through while opening various view aspects.

Inspired by its surroundings, Eterna apartments feature an array of one, two, three and four-bedroom apartments with a modern yet timeless palette that balances both dark and light tones.

Each section of these residences have been meticulously-finished with the finest of materials. The kitchens boast premium Caesarstone benchtops, contemporary glass splashbacks and quality ILVE appliances paired with soft, Grey Oak floorboards leading to the bedrooms which feature plush carpet throughout, while the bathrooms have been designed with a spa-like essence.

[smartcode_project:default project_id=109837 project_image_fid=184584]

One of the standout features tying Eterna to its surrounds is the level six rooftop, complete with seating spaces, barbecue amenities and lush greenery, set against a backdrop of sweeping Shire views.

Positioned close to transport, cafes, lush greenery and neighbouring suburbs with an array of dining and shopping options, the desirable Shire address also benefits from connections to the ocean and surrounding Royal National Park.

[smartcode_project_cta: project_id=109837]

Inspired by its surroundings, Eterna apartments feature an array of one, two, three and four-bedroom apartments with a modern yet timeless palette that balances both dark and light tones.



Modern developments behind Shire residences, Eterna 

The Sutherland Shire&#39;s newest striking apartment development, Grand Vermont, has officially sold out.

The development of 100 apartments at 48 Vermont Street was designed by Benson McCormack Architects (BMA)&nbsp;with a sleek, curved facade, bending around&nbsp;all four of the buildings to create a wave-like feature.

Grand Vermont was developed in a joint venture between property developers Hone Constructions and Holis, who have over 15 years experience in the property industry.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/grand_vermont_exterior.jpg" width="1200" />

First home buyers were keen on the development, particularly at the start of the year with the raft of government incentives. One-bedroom apartments were priced from $550,000, two-beds from $730,000 and three-bedroom apartments from $1.2 million.

Each apartment was kitted out with built-in Fisher &amp; Paykel appliances, Tongue n Groove engineered European oak flooring and Caesar Stone kitchen benchtops.

HAUS Agency director Alex Vrisakis said they saw strong sales as the building nearing completion.

&quot;Many buyers were able to try before they buy,&rdquo; Vrisakis said.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/grand_vermont_interior.jpg" width="1200" />

&ldquo;They were able to physically stand in the kitchen or bathroom of the apartment they had their eye on, see the aspect and view, and measure for furniture, which really boosted the final few sales.&quot;

Vrisakis said owner occupiers made up 85% of buyers, he added was&nbsp;very telling in this market.

&ldquo;We saw enquiry from all over Sydney, but ultimately Sutherland Shire based buyers snapped up most of the units, taking advantage of up to $30,000 in Government first home buyer support. We&rsquo;re seeing the appetite for quality apartments has not wained, and achieved great prices.&rdquo;

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More than 40 per cent of apartment sold within the first three months of its launch in December 2020.

Sean Dowling, another director at HAUS Agency Director, said it was not a surprise to see the majority of&nbsp;buyers have come from within the Sutherland Shire.

&quot;When physical inspections were not able to happen, we created virtual tours, so buyers would meander through the apartments, common areas and street front from their own home.&rdquo;

Grand Vermont, Sutherland Shire's latest apartment development, sells out

First home buyers have been driving enquiry for the new Sutherland development Grand Vermont, which is nearing completion.

The 100-residence project&nbsp;at 48 Vermont Street, Sutherland, is being developed jointly by construction veterans and well known property developers Home Constructions and Holis.

Benson McCormack Architects have handled the design of the building, with a sleek and unique fa&ccedil;ade the stand out, with the curved architecture encapsulating residents from the street below.

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HAUS Agency Director, Alex Vrisakis, said the development offers all the comforts you need in a first home, or perhaps to downsize from the family home.

&nbsp;&ldquo;We&rsquo;re seeing first home buyers from all over Sydney take advantage of up to $30,000* in Government first home buyer support.&rdquo;

[smartcode_project:default project_id=89712]

Since its sales launch, Grand Vermont has sold over&nbsp;40% of apartments&nbsp;during the COVID-19 pandemic. Enquiries have come not just from within the Sutherland Shire, but from greater Sydney.&nbsp;

&ldquo;75% of enquiry on Grand Vermont has been from first home buyers, and 15% of enquiries have been from owner occupiers,&rdquo;&nbsp;Vrisakis said.

&ldquo;We&rsquo;re seeing interest not just the Shire, but areas like the North Shore, Inner West Corridor and the Illawara, from those looking for a sea change.&rdquo;

One bedroom apartments start from&nbsp;$550,000, with two bedrooms priced from $730,000, meaning there&#39;s no stamp duty to be paid on those bedroom configurations.

Three bedrooms start from $1.2 million.

The development is located 35 minutes by train to Sydney CBD, less than 5km to Westfield Miranda and&nbsp;Cronulla Beach.

Each of the one, two and three bedroom residences have been designed to capture as much light as possible.&nbsp;They all feature&nbsp;Fisher &amp; Paykel appliances and&nbsp;20mm Caesar Stone benchtops in the kitchen and&nbsp;Tongue n Groove engineered European oak flooring.

<a href="/buildings/grand-vermont-48-vermont-street-sutherland"><img alt="" height="895" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/grand_vermont_sutherland_2.jpg" width="1200" /></a>

There is a lush communal landscaped outdoor area for residents which keeps&nbsp;strata fees low.

In 2020, Sutherland Shire was voted the #2 most liveable location in Australia in a survey by market research leaders Ipsos.

Find out why first home buyers are flocking to new Sutherland apartment development Grand Vermont

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Sydney first home buyers should consider looking at suburbs further from the CBD, with good transport links, according to HTW’s Month in Review: March 2017. 
The valuation firm says Hurstville and Sutherland are hubs on the eastern suburbs/Illawarra railway line which may be attractive options.
“First home buyers should be cautious of areas where a large number of units have been constructed and are about to commence as this could lead to an oversupply and put downward pressure on both prices and rents,” the report says.
“Botany/Mascot and Waterloo/ Zetland/Green Square in the inner-south, and Miranda in the Sutherland Shire are potential areas of concern.”
“Just remember if you’re a first home buyer stretching yourself too thin by purchasing something you can just barely afford, is risky – interest rates will start to rise at some stage so it is important to have a buffer built-in to your ability to finance your loan.”
Options are limited for first time buyers throughout greater Sydney and surging prices for the past few years has made it difficult to get into the market.
CoreLogic reports the median house price is currently sitting at $850,000, with a 20% deposit this translates to $170,000.
“The two biggest issues young buyers and first home buyers need to address are price and location. Firstly work out what is affordable and sort a mortgage that is serviceable,” HTW says.
It says the main areas for affordable housing and entry level investment with long term growth prospects are located on the outskirts of Sydney –
• Outer western Sydney, suburbs such as Penrith; Kingswood; Jordan Springs; Ropes Crossing with a median price for a 3-bedroom house at $570,000; $530,000; $625,000 and $595,000 respectfully. (domain)
• South west of Sydney, suburbs such as Leppington, Gregory Hills and Oran Park requiring $660,000 to $700,000 for the same 3-bedroom product.
“New estates within the south west growth precinct present solid long term growth opportunities thanks to the substantial infrastructure spending including Badgerys Creek Airport, investment in surrounding employment areas and updates to transport links.
“As recent times has shown us if you want growth then follow the infrastructure.
“We note land in Austral within a recently released subdivision starts from circa $360,000 and 3-bedroom house and land packages from $615,000, well below the Sydney wide median figure of $850,000.
“In addition to the lower entry point, this region presents a good option for both investors and owner-occupiers thanks to depreciation benefits, government incentives of buying a new property and most importantly capital growth prospects.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-penrith-124757482" target="_blank">44 Allard Street</a>, Penrith (above) has been listed for $640,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-ropes+crossing-124590474" target="_blank">16 Maiden Street</a>, Ropes Crossing (below) has been listed for $629,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/16%20Maiden%20Street.jpg" alt="">
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Go west to find affordable Sydney locations

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Downsizers are playing a significant part in driving the local market in the Sutherland Shire, as they sell their larger family homes for smaller three- bedroom units or duplex homes, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at what things traditionally matter to property markets and how current crisis is playing into decision making. 
"These types of properties appeal to the downsizer market as they cash in on their large family home for a more modern and low maintenance alternative," the valuation firm said. 
Prestige units located in central areas near transport and shops have always been popular with the empty nester demographic and more recently, low maintenance duplexes with a lift, minimal stairs or the ability to have a bedroom and bathroom on the ground floor are also proving popular.
A one bedroom apartment with parkland views in Miranda has recently been sold for $531,500.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-miranda-133200262" target="_blank">74/7-15 Jackson Avenue</a> (pictured below), the apartment is close to Miranda Station, shops, cafes and restaurants.
It comes with kitchen with gas appliances, enclosed balcony, sleek bathroom and lock up garage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/miranda%201.jpg" alt="">
"We have also noticed a trend in the downsizer market to demolish the existing family home and build a duplex pair, staying in one and selling or renting the other," the valuation firm said. 
The report notes upgraders have also been active in the market over the past six months, with young families moving from a unit or townhouse to a detached dwelling or duplex.
"Upgraders are looking for something near transport, schools and shops, and often prefer modern or renovated properties so that they can move in with nothing to do.
"This is a change to what we have seen in the past as this demographic tended to prefer a dwelling they could renovate themselves and therefore increase the value," the valuation  firm continued. 
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First home buyers are generally attracted to two- bedroom units along the railway line, particularly from Sutherland to Cronulla.
A two bedroom apartment in Sutherland is currently on the market with a price guide of $600,000 - $650,000.
The two bedroom, one bathroom apartment is situated at <a href="https://www.realestate.com.au/property-apartment-nsw-sutherland-133409382" target="_blank">17/76 Auburn Street </a>(pictured below). 
It comes with open plan living and dining area, covered balcony, modern kitchen and double garage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/sutherland.jpg" alt="">
However the recent increase in new unit complexes around the Miranda, Kirrawee and Caringbah areas created an oversupply with developers having to implement incentives such as cash back or stamp duty rebates to clear the remaining stock, the report notes. 
"This oversupply issue has started to ease in recent months as the number of complexes under construction has reduced. Despite this we are still seeing examples of units that were completed mid 2019 for sale, with developers offering incentives to clear the remaining stock," the valuation firm said. 
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Sutherland Shire property market driven by downsizers: HTW residential 

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The Shire has been transforming over the past decade or so as there has been changing demographics, ageing and increasing population, and particular areas becoming gentrified for various reasons, according to a recent Herron Todd White (HTW) residential report. 
The report notes that the Sutherland Shire is located approximately 20 kilometres south of Sydney CBD and covers a large area from Waterfall, Menai and Sylvania to Cronulla and Kurnell, and includes approximately 218,000 residents (2016 census).
 Most residential construction throughout the Shire took place from circa 1950s onwards and included traditional three- and four-bedroom fibrous cement and brick veneer dwellings on standard allotments of at least 500 to 600 square metres.
The report notes these properties were the main style of construction throughout the Shire and were family homes.
Higher density construction commenced around the 1960s and 1970s, mostly around Cronulla and along the train line.
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"Another driver of shifting demographics and changes to buying patterns is flexible workplaces and improved technology," the valuation firm said. 
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This is particularly evident in the suburb of Caringbah which is generally divided into Caringbah South, Lilli Pilli and Dolans Bay on the southern side of the peninsular and the northern part of Caringbah which adjoins the suburb of Taren Point further north. 
This suburb once consisted of traditional style family homes on above average sized allotments however due to the aforementioned reasons it now comprises varying examples of developments ranging from high density developments along the transport corridors, medium density townhouse style properties, duplexes and also seniors housing which are generally reserved for residents who are over 55 years of age.
A near new one bedroom plus study apartment (pictured below) in Caringbah was sold for $570,000 in December, 2019.
The apartment at <a href="https://www.propertyobserver.com.au/The%20Shire%20has%20been%20transforming%20over%20the%20past%20decade%20or%20so%20as%20there%20has%20been%20changing%20demographics,%20ageing%20and%20increasing%20population,%20and%20particular%20areas%20becoming%20gentrified%20for%20various%20reasons" target="_blank">307/316 Taren Point Road</a> comprises caesarstone kitchen, bedroom plus study nook, internal laundry and entertainer's balcony. 
Other features include ducted air-conditioning, gas heating, timber tiles and communal rooftop terrace. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah.jpg" alt="">
Another three bedroom apartment in Caringbah (pictured below) with panoramic views was sold for $1.18 million in November, 2019. 
The townhouse style apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-caringbah-130377786" target="_blank">607/22 Banksia Road</a> comes with three bedrooms, three balconies, open living area and large kitchen. 
Other features include timber flooring, spacious laundry and three storage areas. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah%202.jpg" alt="">
A four bedroom townhouse situated at<a href="https://www.realestate.com.au/sold/property-townhouse-nsw-caringbah+south-131750142" target="_blank"> 2/9 Alice Street, Caringbah South </a>(pictured below) was sold for $1.4 million in September last year. 
The brand new home comprises designer kitchen, four bedrooms with built-ins, open plan living and alfresco entertaining area.
Other features include west facing entertainers deck, grassed yard and secure basement parking.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah%20south.jpg" alt="">
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Development throughout Caringbah has been somewhat assisted by the above average land sizes that allow for duplex and townhouse style developments. 
Many of the baby boomers have sold their large, older properties to younger generations and young families which is also encouraging new non-residential development such as cafes, restaurants, hotels, pubs and the overall changing demographic of the area, the report suggested. 
"The current low interest rate environment and overall positive market sentiment is likely to fuel continued construction and renovation, particularly in the first half of 2020," the residential report notes. 
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The Sutherland Shire market : HTW residential 

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In the Sutherland Shire, $700,000 is a popular price point for first home buyers with agents noting that properties with a price of $750,000 and below are often quick to sell, even under current market conditions, according to a recent Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
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The report notes a good example of the type of property is the sale of a one-bedroom, one-bathroom unit with a one-car garage in Cronulla which sold in mid- June for $645,000. 
The first floor 1980’s unit has been updated internally and is located within 200 metres of the sand.
A typical rent for this type of unit would be around $425 per week, representing around a 3.5 per cent gross return.
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"Whilst below the median price for all suburbs in the Sutherland region, you can still pick up a house for around the $700,000 mark, although they are pretty few and far between, meaning you have to make some compromises," the valuation firm said. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/28/heathcote.jpg" alt="">
<a href="https://www.realestate.com.au/sold/property-house-nsw-heathcote-133280594" target="_blank"> 11 Rosebery Street in Heathcote</a> (pictured above) sold for $690,000 in mid-April. The property was a single level cottage in need of repairs and renovations on a smaller than average lot of 416 square metres, however the property was well located to the railway station, local shops and local primary school.
"With the current possibility of an oversupply of modern units in suburbs such as Caringbah and Miranda, at this price range an older style one- or two-bedroom unit in a smaller development in a desirable location, such as a one-bedroom unit in Cronulla, is likely to be the best performer over the short to medium term for both value growth and rental return," the valuation firm said. 
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