Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Sydney off the plan apartments

The <a href="/developments/sydney-nsw-2000">Sydney CBD</a> skyline is to continue its transformation from old to new.

Property development and funds management giant, <a href="/developers/charter-hall">Charter Hall</a> has filed plans with the City of Sydney Council for several new buildings, one a 55-level mixed-use tower at 201-217 Elizabeth Street, on the corner of Park Street and opposite Hyde Park.

The 3,900 sqm corner site is currently home to a 38-level commercial office tower with a retail plaza at the lower ground level that has&nbsp;underground pedestrian connections to Museum Station.

The new $924 million tower will incorporate both hotel rooms and apartments, as well as ground and podium-level retail and hospitality spaces.

Proposed is a genuine mix of one, two, three and four-bedroom apartments. On offer will be 67 one-bedroom apartments, a rarity in the new apartment market, as well as 123 two-beds, 58 three-beds, and 16 four-bedroom apartments.

The apartments will start from level 12. Levels one to 11, the podium will home 441 hotel rooms.

The design, spearheaded by design competition winner <a href="/architects/fjc-studio">fjc studio</a>, introduces significant urban enhancements, from minimising overshadowing on Hyde Park to creating accessible pedestrian spaces, making the site a distinctive entry point into the city.

fjc studio designed a tri-partite tower with three sections in various heights and orientations, aiming to create an “urban repair” along the Elizabeth Street streetscape, reconnecting the area visually and physically with neighbouring sites.&nbsp;

<img alt="201 - 217 Elizabeth Street, Sydney podium" data-entity-type="file" data-entity-uuid="973bc4fe-7781-4eb0-8fa3-f3277341d05e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/201%20-%20217%20Elizabeth%20Street%2C%20Sydney%20podium.png?VersionId=lUg5UW5EJFhvvc7kGotbds2rJZPmUQeW" />

&nbsp;

fjc studio said the proposed development at 201 Elizabeth Street will be targeting an exemplary level of sustainability performance, benchmarked against the most progressive definitions of sustainable development in the Australian marketplace.

"With a targeted 5 Star Green Star Buildings v1 rating, a 4 Star NABERS Hotel Energy rating, a 3 Star NABERS Hotel Water rating and BASIX targets that exceed the minimum compliance level, the building will meet a holistic definition of sustainability through design, construction and in to operation," fjc studio noted in its submission to the Sydney of City Council.

fjc won the design competition for the development in late 2018.

The Jury reached a unanimous decision in recommending fjc’s scheme as the preferred winner of the competitive design process fjc studio proposed a tri-partite ‘cluster’ of finely proportioned elements for the tower, each at a different height and orientated towards the north east in a varying fan alignment.

The alignment of each element maximises views from apartments to Hyde Park and Sydney Harbour.

<img alt="Elizabeth Street" data-entity-type="file" data-entity-uuid="ca5c0194-100f-4497-a920-3d5b9db7bbc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%2010.15.05%E2%80%AFAM.png?VersionId=ADJyPnxYIZJ_vmEkQAw.zX3AS1jyaFAu" />

Elizabeth Street is set to look completely different in the next decade.

Other developments down the prime street that is just one of three developable roads on Hyde Park include <a href="/developers/central-element" target="">Central Element</a>'s 271 Elizabeth Street. The <a href="/news/nsw/central-element-get-sign-off-for-mixed-use-hyde-park-tower-in-sydney-cbd">$100 million development</a>, with 53 apartments, will replace the 16-level&nbsp;Hyde Park Inn hotel. The apartments will sit above&nbsp;several retail tenancies on the upper and lower ground floors.

Alternative asset manager,&nbsp;<a href="/developers/fife-capital" target="">Fife Capital</a>, also has plans for a <a href="/news/nsw/exclusive-fife-capital-lodge-castlereagh-street-sydney-cbd-mixed-use-apartment-and-office-development">17-level tower at 139 Elizabeth Street</a>. The plans are for just 26 apartments in a building that will be predominantly made up of office space. The tower will&nbsp;sit alongside a heritage-conscious redevelopment of the George Bosch Chambers and St James Hotel&nbsp;building that has stood since the 1920s.

&nbsp;

&nbsp;

&nbsp;

Elizabeth Street is set to look completely different in the next decade

Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper

Sydney's Olympic Park precinct is set to get ist biggest transformation since its establishment ffr the Sydney Olympics back in 2000.

The NSW Government has released the Sydney Olympic Park Masterplan 2050 which "envisions a transformation beyond sports and entertainment, crafting a thriving urban community that will integrate homes, jobs, and cultural spaces alongside green corridors and environmental initiatives."

Projected to introduce up to 13,000 new homes and create 32,000 jobs, the plan seeks to establish a balanced ecosystem where housing options, including five to ten per cent affordable units, meet diverse needs, while commercial and recreational facilities support a vibrant community life.

<a href="/developments/sydney-olympic-park-nsw-2127">Sydney Olympic Park</a>, currently home to around 5,250 residents, could see an influx of 25,000 new residents over the next 25 years, according to NSW Minister for Planning and Public Spaces, Paul Scully.

<img alt="Sydney Olympic Park Master Plan 2050" data-entity-type="file" data-entity-uuid="fadf8e6e-1ae9-4251-b9be-7b84da45c066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1730068338668.jpg?VersionId=SCLgACMrIouNlQKUFfVSJkx8iCPQsNPe" />

Proposed elements include new hotel accommodations, health and educational spaces, and the construction of a cultural centre alongside two new schools, seven public spaces, four sports fields, and ten playgrounds.

Central to the master plan’s design are key precincts, each fulfilling distinct roles within the park. The Urban Centre will be the park's primary hub, blending residential, commercial, and cultural spaces.

Adjacent residential neighbourhoods—Eastern, Southern, Haslams, and Edwin Flack—will provide a range of housing choices with dedicated zones for affordable housing.&nbsp;

Additionally, the Sports and Civic Precinct and Stadia Precinct will continue to host major sporting events and community gatherings, supporting a range of activities beyond the stadiums that define the area’s heritage.

<img alt="Sydney Olympic Park Master Plan 2050" data-entity-type="file" data-entity-uuid="5174943d-bef1-4dc9-962a-99fc5c01e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1730068338838.jpg?VersionId=Dnc5bWaq_NUzZAbIPTpCGcPmdfc3BT9y" />

Environmental conservation and sustainability play a significant role in the Master Plan 2050, with provisions to conserve key ecological areas and introduce precinct-scale water systems for efficient usage and treatment.&nbsp;

Urban canopy expansion and the creation of green corridors aim to support biodiversity and urban greening, while new buildings are required to meet high standards of environmental performance.&nbsp;

The plan also addresses legacy contamination within the park, setting guidelines for land rehabilitation.

The Master Plan also prioritises connectivity, with a focus on promoting active transport. A network of pathways will support walking and cycling, integrated seamlessly with public transport options.

<img alt="SoP masterplan" data-entity-type="file" data-entity-uuid="d81951e7-82aa-4e3b-80b0-93d5f6418a40" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%209.58.43%E2%80%AFAM.png?VersionId=EjWWjRsKpc8UmwSLY4Nqdisa5jZeV0fk" />

SJB Urban Founder, Jonathan Knapp, said, the&nbsp;Sydney Olympic Park Master Plan 2050 reflects the commitment by the State Government to approach precinct planning from a refreshing and innovative perspective, starting with country and early engagement with the community to establish a clear vision and strategic Framework.

“With these in place, the team was able to progress the Master Plan with a clear appreciation of the priorities for the community today and into the future”.

Central to the master plan’s design are key precincts, each fulfilling distinct roles within the park. The Urban Centre will be the park's primary hub, blending residential, commercial, and cultural spaces.

Inside the Sydney Olympic Park Master Plan 2050

After 21 months of gains, the Sydney housing market has finally recorded a drop in values.

CoreLogic's Monthly Index showed home values, both units and apartments, declined in October, the first time since January 2023.

&nbsp;

While units have been outperforming houses in recent months, October is the first time both were in the red.

Sydney's last decline saw the market contract -12.4 per cent between February 2022 and January 2023.

Weaker conditions have been led by the most expensive areas of the market, with a -0.6 per cent fall in upper quartile house values over the month and a -1.1 per cent drop over the past three months.

In comparison, Sydney’s lower quartile house and unit values both recorded a half a percent rise in values in 
October.

CoreLogic Research Director Tim Lawless notes that the stronger performance across the more affordable end of the market is a consistent theme across the capital cities.

“A combination of less borrowing capacity and broader affordability challenges, as well as a higher-than-average share of investors and first home buyers in the market is the most likely explanation for stronger conditions across the lower value cohorts of the market.

“The past three months has seen the lowest quartile either record a higher growth rate or smaller decline relative to the upper quartile or broad middle of the market across every capital city except Canberra.”

<h2>What happened in the Sydney off the plan apartment market in October?</h2>

While the established market continued to grapple with affordability challenges and an increase in supply, it wasn't the case in the off the plan apartment space.

October saw several developers quickly able to move forward on delivering their projects given successful starts to their sales campaign.

There are no projects more successful than those in the booming Northern Beaches Metro corridor at the moment.

<a href="/developers/twt-property-group" target="">TWT Property Group</a> held what they called a "Ground Building Ceremony" in October at the recently launched first stage of their Crows Nest masterplanned precinct, The Collective.

The Ground Building Ceremony signalled the&nbsp;completion of the basement concrete pour and commencement of vertical construction.

Over $30 million worth of sales were secured&nbsp;at the first release of apartments, with the majority of purchasers coming from the local area.

[smartcode_project:default project_id=94318 project_image_fid=293323]

<a href="/project-marketer/belle-property">Belle Property</a>&nbsp;International's Murray Wood said younger couples and downsizer owner-occupiers were among the first buyers in the building of 93 apartments.

"The enthusiasm we’ve seen on day one confirms that there’s a real appetite for boutique-style residences in this area," Wood said.

"Buyers are very keen to secure a foothold in&nbsp;<a href="/developments/crows-nest-nsw-2065">Crows Nest</a>, especially given the new Metro station's convenience. The market is showing resilience, and these sales reflect strong confidence in premium, well-connected developments like&nbsp;<a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>."

Construction of the building is moving ahead of schedule. It is slated for completion in late 2026.

[smartcode_project:default project_id=94318 project_image_fid=293324]

There has been an equally strong resposne to <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the over-station development above the new <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Metro.

The joint venture between Third.i and Phoenix Property Investors saw over 6000 people enquire on the 130 one, two and three-bedroom apartments in a building designed by the internationally acclaimed architecture firm Woods Bagot.

[smartcode_project:default project_id=142550 project_image_fid=309367]

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes.

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

[smartcode_project:default project_id=142550 project_image_fid=309368]

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

Third.i is offering prospective buyers to buy an apartment at Elevate Hume Place <a href="/news/nsw/third-i-offer-10k-deposits-at-elevate-hume-place-apartments-above-crows-nest-metro">with just a $10k deposit</a>.

[smartcode_project:default project_id=142550 project_image_fid=297878]

Set to ride the wave of demand in the area is Sterling, the first new development launched in Lane Cove for several years.

<a href="/new-apartments/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a>, located in the quiet northern end of&nbsp;<a href="/developments/lane-cove-nsw-2066">Lane Cove</a>, comprises&nbsp;features 50 one, two, and three-bedroom apartments, catering for a wide variety of buyers and just six apartments per floor.

[smartcode_project:default project_id=136108 project_image_fid=303412]

Ray White Projects Wider Sydney Managing Director, Mark Bernberg, says everything about the project is intrinsically tied to what sterling is all about.

"Everything has been considered to be of sterling quality," Bernberg says.

"The fixtures and finishes are another level up from what has come before in this quiet pocket of&nbsp;<a href="/developments/lane-cove-nsw-2066">Lane Cove</a>, and every apartment, be it for the first home buyer, rightsizer, or downsizer, has the same sterling design approach."

&nbsp;

[smartcode_project:default project_id=136108 project_image_fid=303417]

As part of its commitment to delivering quality, Scion has taken out the&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">10-year Latent Defects Insurance</a>&nbsp;offered by Resilience Insurance. The insurance, often known as LDI covers structural defects of the building for up to 10 years post-completion. Sterling is the only development in&nbsp;<a href="/developments/lane-cove-nsw-2066">Lane Cove</a>&nbsp;to have the insurance.

Scion Group is well advanced in construction of Sterling. The building itself is expected to complete later this year, with the internal fitout seeing residents move in some time in Q1 2025.

[smartcode_project:default project_id=136108 project_image_fid=303415]

In October, three of Sydney's biggest developers reveal plans that will contribute nearly 1,000 dwellings to the undersupplied Sydney apartment market, filing for&nbsp; apartment supply across Sydney&nbsp; is more supply coming from Sydney's biggest developers.

Meriton <a href="/news/nsw/meriton-plots-next-stage-of-zetland-precinct">submitted plans for two towers in Zetland</a>, Level 33 proposed a&nbsp;<a href="/news/nsw/first-look-exclusive-level-33-reveal-500-million-win-grand-wollongong-development">$500 development in Wollongong</a>, and ALAND took over the <a href="/news/nsw/first-look-exclusive-aland-take-over-second-toplace-site-plot-two-30-level-apartment-towers">Parramatta site</a> from collapsed developer Top Place.

While the established market continued to grapple with affordability challenges and an increase in supply, it wasn't the case in the off the plan apartment space.

City Beat November 2024: Sydney property market contracts for first time since January 2023, but off the plan demand continues to rise

There's a reason apartment developer TOGA is set to soar past delivering over 1,000 apartments in Macquarie Park.

<a href="/developers/toga-group">TOGA</a> Executive General Manager, Tony Falas, says <a href="/developments/macquarie-park-nsw-2113">the suburb</a> is incredibly well connected, with the shopping centre acting as the focal point as well as the university, hospitals, and public transport links to wider Sydney.

TOGA's latest development in Macquarie Park, following on from its successful Macquarie Central, Macquarie Green, and One Twenty Macquarie developments, is Macquarie Rise, three towers with 268 apartments above retail and commercial spaces.

I recently caught up with Tony to find out more about <a href="/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>.

<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/s8VoqEO9zkc?si=dfIXwi38K-aTTpeM" title="YouTube video player" width="560"></iframe>

Falas said they have&nbsp;focused particularly on the amenity at Macquarie Rise, as well as the quality of the finish, which they believe is the best quality in the area in the market at the moment.

"We have looked at the competition and we wanted to position ourselves at the top as far as quality is concerned, and that's been vindicated by the buyers that are coming through."

Residents will have access to a suite of amenities including a heated pool, gym, a resident lounge, karaoke room, and a bookable dining room.

[smartcode_project:default project_id=89243 project_image_fid=310789]

There has been a mix of first home buyers and downsizers in the development that offers one, two, three and four-bedroom apartments.

Several of the larger apartments have been cleverly designed to offer multifunctional rooms that have sliding panels rather than traditional doors, adaptable for various uses like study or guest rooms.

[smartcode_project:default project_id=89243 project_image_fid=242700]

TOGA, one of few developers to be rated a Gold Star by Equifax, has started construction on site at 122 Herring Road, a site which Falas says is difficult to replicate given it's at the top of the hill.

Construction has started and is slated for completion in mid-2027

[smartcode_project_cta:default project_id=89243]

Michael Bird

Why TOGA likes to develop in Macquarie Park: Inside Macquarie Rise

Whether it's beachfront Manly or higher density in the growing activity zones of Crows Nest and St Leonards, Sydney's North Shore market is booming.

The market has been buoyed by a mix of record sales, low supply, and new transport connections thanks to the recent opening of the NSW Government's $21 billion Metro line that dissects the likes of North Sydney, Crows Nest, and Chatswood.

With only a few months left of 2024, we've looked ahead to 2025 as to what's set to come to the market in the North Shore.

<h2>Who: Cbus Property &amp; Galileo</h2>

<h2>What: East Walker Residences; 258 apartments</h2>

<h2>Where: North Sydney</h2>

<a href="/developers/cbus-property" target="">Cbus Property</a> and joint venture partner Galileo will take to market <a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060">East Walker Residences</a>, their new <a href="/developments/north-sydney-nsw-2060">North Sydney</a> development in 2025.

The towers, designed by&nbsp;<a href="/architects/rothelowman" target="">Rothelowman</a>, will home 258 one, two, three and four-bedroom apartments on the prime 3,950 sqm site across&nbsp;173-179 Walker Street and 11-17 Hampden Street.

The tallest building will rise 30 levels and home 161 apartments, while the smaller building will have the remaining 67.

<img alt="First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-11%20at%204.47.10%E2%80%AFAM.png?VersionId=5Yoe1XDt4w_3flgagSB5ejSCn80ZksY_" />

There is a third building proposed on the large site, a small five-level building connected to Hampden House. That will have a handful of apartments and a rooftop lap pool.

The most recent application, lodged earlier this year, represents the latest iteration in the site's development, which has undergone two previous concept designs.&nbsp;

Local architecture and design firm fjmtstudio designed the 2022 plans, after SJB had had a crack on behalf of Avenor, who sold the site to CBUS and Galileo for around $150 million in 2021.

Read more: <a href="/news/nsw/first-look-exclusive-cbus-and-galileo-revise-plans-for-new-north-sydney-apartment-development-east-walker-street">First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development</a>

<h2>Who: One Global Capital</h2>

<h2>What: Over 300 apartments&nbsp;</h2>

<h2>Where: Macquarie Park</h2>

Iwan Sunito is lining up the first launch of his newly named development company,&nbsp;<a href="/developers/one-global-capital">One Global Capital</a>.

Sunito, who founded Crown Group, is taking what he knows to <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;where he'll be launching a three-tower project at some point next year.

The buildings, across 7-11 Lachlan Avenue and 157-159 Herring Road, will home just over 300 apartments, as well as an activated street level with retail and hospitality venues.&nbsp;

<img alt="First look: Koichi Takada designs Iwan Sunito's One Global Residences development in Macquarie Park" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202023-02-22%20at%208.04.10%20am.png?VersionId=XQB9iWbH6rsjNb7jqQrOqyQfQmbFdXW5" />

There will be 35 studio apartments, which take up just over 10 per cent of the building. The majority of apartments will be two-bed (149 apartments, 49 per cent), while there will be 60 one-bed and 60 three-bed dwellings (20 per cent).

There will be a handful of 'Plus' apartments, which will feature a dedicated study space, responding to the rising trend of working from home.

One of the towers will feature a range of amenities, including indoor and outdoor recreation spaces and a swimming pool, set in landscaping and rooftop gardens. There will be play areas for children and barbecue areas.

Read more: <a href="/news/nsw/first-look-koichi-takada-designs-iwan-sunitos-one-global-residences-development-in-macquarie-park">First look: Koichi Takada designs Iwan Sunito's One Global Residences development in Macquarie Park</a>

<h2>Who: Deicorp</h2>

<h2>What: 129 apartments</h2>

<h2>Where: Crows Nest</h2>

Earlier this year&nbsp;<a href="/developers/deicorp">Deicorp</a>, one of Sydney's most active apartment developers, secured approval for its 16-storey mixed-use project at the Five Ways Junction in&nbsp;<a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>.&nbsp;

Dubbed <a href="/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Fiveways</a>, the 16-level building will home 129 apartments designed by <a href="/architects/turner-studio">Turner Studio</a>.

<img alt="Deicorp secure gazettal approval for Fiveways Junction, Crows Nest " data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crows%20Nest%20Fiveways%20Junction.png?VersionId=xRkakwgnaF87Ptzz0AfySNqAz1RCYJ3x" />

The first three levels of the project will be a podium with 8,000 sqm of commercial space. The seven basement levels will home 247 car spaces.

The project, at 391-423 Pacific Highway, is located just minutes from Crows Nest Metro Station.

Read more: <a href="/news/nsw/deicorp-secure-gazettal-approval-for-falcon-alexander-crows-nest-apartment-development">Deicorp secure gazettal approval for Fiveways Junction, Crows Nest</a>

<h2>Who: DARE Property Group</h2>

<h2>What: 27 apartments</h2>

<h2>Where: Mosman</h2>

The Avidan family is back at it, this time debuting in Sydney's Lower North Shore.

<a href="/developers/dare-property-group">DARE</a> Property Group, led by developer Danny Avidan, is set to bring in a new era of shoptop housing to the Lower North Shore's most affluent suburb.

Earlier this year DARE secured a prime 1,286 sqm, triple site at 696, 700 and 706 Military Road, in the heart of Mosman.

The site will soon be home to a fresh new building designed by <a href="/news/dko-architecture-on-the-changing-face-of-hotel-design" target="">DKO Architecture</a>&nbsp;who says the proposal considers Mosman’s eclectic character, materiality and colour along Military Road and heritage surrounds.

<img alt="First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-24%20at%202.54.16%E2%80%AFPM.png?VersionId=LQ_0CayuBOGvWGXxM8yTubG8eWuwLjyU" />

The plan is for 27 apartments above a revived street-level retail. There will be one, two and three-bedroom largescale apartments on offer.

The apartments wrap around a central courtyard which DKO says is a key feature for the project and a point of difference for the development's community.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-established-luxury-developer-dare-property-group-plants-a-flag-in-mosman-with-twenty88">First look exclusive: Established luxury developer Dare Property Group plants a flag in Mosman</a>

<h2>Who: Time &amp; Place</h2>

<h2>What: 24 apartments</h2>

<h2>Where: Manly</h2>

Sydney and Melbourne property developer, <a href="/developers/time-place">Time &amp; Place</a>, will be looking to launch its luxury Manly development to the market next year, having been given the green light earlier this year.

They have approval for a five-level,&nbsp;$100 million development with 24 apartments at 35-43 Belgrave Street, near&nbsp;<a href="/developments/manly-nsw-2095">Manly</a>&nbsp;Beach.

<img alt="Time &amp; Place secure approval for debut Manly apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-01%20at%205.54.05%E2%80%AFPM.png?VersionId=Tgoo6de3Le85JR4ME16LBfSnADCVnuJ6" />

Designed by <a href="/architects/sjb-architects">SJB Architects</a> to target local downsizers and rightsizers, the development primarily aims to appeal to residents who have lived in Manly for many years and want to stay in the suburb.

The two and three-bedroom apartments will sit above ground-floor retail. Time &amp; Place is currently in active conversations with a local favourite retailer to occupy the ground floor retail space.

Read more:&nbsp;<a href="/news/nsw/time-place-secure-approval-for-two-tides-manly-apartment-development">Time &amp; Place secure approval for debut Manly apartment development</a>

<h2>Who: PB &amp; Co</h2>

<h2>What: 10 apartments</h2>

<h2>Where: Kurraba Point</h2>

Luxury Melbourne developer,&nbsp;<a href="/developers/pb-co">PB &amp; Co</a>, will also make its Sydney debut next year, on arguably one of the best development sites in the North Shore.

In 2021 they secured a prime waterfront site at 184b-190 Kurraba Road,&nbsp;<a href="/developments/kurraba-point-nsw-2089">Kurraba Point</a>,&nbsp;before engaging&nbsp;renowned architect Koichi Takada put plans together for just 10 residences across the 4,200 sqm block which slopes down to the water.

<img alt="First look exclusive: PB &amp; Co reveal Koichi Takada plans for &quot;one-of-a-kind&quot; Kurraba Point development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202022-11-14%20at%2010.16.29%20am.png?VersionId=5OF3ypWPmVeWBJMhSni1fwX4x0Xao0sS" />

There will be just six luxury apartments, four three-bed and two four-bed apartments, on the street side of the block. They've been tiered to overlook Shell Cove. Then closer to the water will be four dual occupancy residences.&nbsp;

A conscious effort has gone in for the project to be highly sustainable. Not only has the project been designed carbon neutral, but it will operate carbon-neutral too.&nbsp;

"This project will lead the way in the luxury housing market and support the New South Wales state government objective to achieve carbon neutrality by 2050," Michael Pesochinsky, co-founder of PB &amp; Co., told Urban.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-pb-co-reveal-koichi-takada-plans-for-one-of-a-kind-kurraba-point-development">First look exclusive: PB &amp; Co reveal Koichi Takada plans for "one-of-a-kind" Kurraba Point development</a>

<h2>Who: Coronation Property</h2>

<h2>What: 130 apartments</h2>

<h2>Where: Chatswood</h2>

Prominent Australian builder-developer,&nbsp;<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>, is expected to launch its new $200 million&nbsp;mixed-use development in Chatswood next year.

Located at 57-61 Archer Street, the site sits in the centre of the suburb and across the road from key amenities including Westfield Chatswood and Chatswood Chase.

<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>&nbsp;will utilise the connected site to deliver a mixed-use precinct with around 2,000 sqm of retail space and 130 apartments.

[smartcode_project:default project_id=29796 project_image_fid=267349]

On the site acquisition back in 2022,&nbsp;Coronation's&nbsp;Head of Urban Transformations,&nbsp;Aras Labutis, said the purchase represented an important milestone for the company as they continue to focus on mixed-use sites around Sydney.

“The Chatswood site presented a unique opportunity for Corontion Property to contribute to what we see as one of Sydney’s fastest-growing precincts,"&nbsp;Labutis said.

"With the State and&nbsp;<a href="/developments/willoughby-nsw-2068">Willoughby</a>&nbsp;Councils committed to further developing Chatswood as a major employment and residential hub, we are excited to respond to the demand for more housing in the area and build upon an already highly sought-after community.”

The top seven new North Shore apartments expected to launch in 2025

Elizabeth Bay has netted one of its highest apartment sales to date with a $24 million sale of a sub penthouse in the under-construction apartment development, Billyard Ave.

The highest price was set when the whole floor penthouse within the same project sold for $30 million to&nbsp;former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer, Ichi Ban.

The other su bpenthouse sold for $22 million to Paul Keating’s confidante and lawyer Chris Coudounaris, and the garden manor residence sold for $17.5 million to Tina Green, widow of the late hotelier Maurice Green.&nbsp;

There are just&nbsp;nine residences in the high-end development that is almost complete.&nbsp;

The recent buyers of the sub penthouse are an Eastern Suburbs couple relocating from a large family home in Bellevue Hill with a strong affiliation with Elizabeth Bay. The property’s size, location, and unparalleled finishes were key factors in their decision to purchase.

Ray White Projects Managing Director,&nbsp;Eddie Mansour, says the sale of the sub penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location.

"The unique features and the exceptional design of this residence have attracted buyers looking for something truly special," Mansour said.

“This sale not only underscores the rarity of house-sized apartments in the market, but also the continued trend of buyers looking to rightsize, rather than downsize, without compromising on luxury.

“The demand for these unique residences is stronger than ever.”

<img alt="East" data-entity-type="file" data-entity-uuid="1bec843e-a77b-4259-bddd-1e7c488777be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.14.28%E2%80%AFPM.png?VersionId=G_6DwWk_8fmRHgpjQ3qYPd1seC6eKrdf" />

The apartment comprises four bedrooms, four and a half bathrooms, three car spaces, and expansive living and dining areas, totaling 360 sqm of internal space with harbour views.

&nbsp;

Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB, features nine exclusive residences ranging internally from 360 sqm to 400 sqm. The building will also showcase sculptures by renowned artist Mika Utzon Popov, further adding to its appeal.

Developer Peter Walsh from NorthEast Corp, in collaboration with Philippe Remond of P3 Living, is very proud of the project’s success.&nbsp;

"We envisioned a residence that met the needs of discerning buyers who value size, features, and finishes," Walsh says.

"The local market's reception has exceeded our expectations, proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs,” Walsh said.

"Our financial partner, MA Financial, run by Andrew Pridham, recognised the demand for this unique project and bought into the vision of Billyard Avenue."

Billyard Ave sub penthouse sells for around $24 million

Sekisui House Australia's Veue Parkside, the latest addition to The Orchards masterplan in Norwest, has attracted significant interest from both downsizers, young professionals, and even investors.

Among the newest residents is Wendy Tranter, a director of an IT company, who recently purchased her fourth apartment in the development.

Wedny's journey with The Orchards began in 2021 when she moved into Imperial Stage 1. Over the next few years, she transitioned to Aire Stage 2 and later invested in a third property at Veue Central.&nbsp;

Now, she has secured an oversized two-bedroom apartment in <a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>.

“After living in Kirribilli for more than 20 years and following my children moving into their own homes, I was looking for a low maintenance, beautiful apartment where I could peacefully reside and still have access to important amenities,"&nbsp;Wendy said.

"Living in The Orchards is everything I could have imagined and more.

"The buildings are well maintained, there are plenty of green areas to soak up and enjoy nature and the neighbourhood is very friendly. On top of that, we have Norwest Metro Train station, Norwest Hospital and a nice lake to stroll around all within a few minutes' walk."

[smartcode_project:default project_id=145924 project_image_fid=287364]

Veue Parkside, part of the $1 billion masterplanned community, features 156 apartments spread across two nine and 14-level buildings.&nbsp;

It also includes four townhouse-style residences and ten two-level units. The development is designed by <a href="/architects/crone-architects">Crone Architects</a>, with a vision that integrates the natural surroundings of The Orchards.

Sales at Veue Parkside have been largely driven by local Hills Shire residents, with the rest coming from across Sydney, including Vaucluse, Bondi Junction, and Maroubra.

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a> sales manager, David Lee, says there are few opportunities in Sydney’s north west to purchase carefully curated two-storey apartments or oversized four-bed sky homes.

[smartcode_project:default project_id=145924 project_image_fid=287362]

"Downsizers seeking an oversized parkside home with large living spaces as well as owner-occupiers and young professionals looking for an additional ‘work from home’ space represented the largest cohort of purchasers," Lee said.

“Oversized apartments presenting a two-storey living, most of which are now sold, properties enjoying a northerly aspect overlooking the prestigious Castle Hill Country club and two-bed max’s were the first to sell.”

Wendy, who works from home most of the time, appreciates the serene environment and the scenic vistas across Castle Hill Country Club.

“I enjoy waking up to the scenic vistas across Castle Hill Country Club and light streaming in via the expansive windows. The internal colour scheme with wood accents is beautiful and perfectly matches my décor. My apartment feels homely and suits my lifestyle."

[smartcode_project:default project_id=145924 project_image_fid=287379]

The Orchards’ concept of ‘Keinen Bika’ aims to create a community that blends seamlessly with the natural environment.&nbsp;

Veue Parkside residents have access to a communal function centre that opens up to landscaped parklands and a central podium.&nbsp;

A concierge service is also available in the adjacent Building A, servicing the needs of all residents at The Orchards.&nbsp;

Veue Parkside is located at 15-19 Spurway Drive, <a href="/developments/norwest-nsw-2153">Norwest</a>.

Construction by <a href="/builders/westbourne-constructions">Westbourne Constructions</a> has started and the first residents are expected to move in mid-2026. Close to 600 apartments have already been sold in The Orchards.

[smartcode_project_cta:default project_id=145924]

Veue Parkside, part of the $1 billion masterplanned community, features 156 apartments spread across two nine and 14-level buildings. 

Buyer secures fourth apartment at Sekisui's The Orchards, Norwest masterplan

For decades, the Hills District has been known for its quiet, suburban, community-driven atmosphere, where residents often choose to settle down and stay for the long haul.

Traditionally, the housing landscape in key suburbs like Castle Hill, Kellyville, Dural, and Rouse Hill has been characterized by acreages and large family homes. Even the smallest properties in the area typically sit on blocks of over 600 sqm, which is about double the size of homes in Sydney's inner ring.

Data from the 2021 census shows that over 92 percent of homes in the Hills District are separate houses, while just 0.7 percent are apartments. However, that gap is expected to shift significantly in the next census, as the Hills District is currently undergoing a substantial transformation. This change has been sparked by the development of the $1 billion Hills Showground Precinct and the recent opening of a Metro Station that connects the area to the city.

As a result, a wave of new apartments is being introduced, catering to two demographics that previously hadn't really been in the market: first home buyers and downsizers.

With no apartments available and the typical need to work in the city, first home buyers often looked closer to the CBD. However, with the opportunity to be connected to the city by the Metro in just 33 minutes and more affordable properties being delivered, first home buyers are seizing their chance.

Also taking advantage of this opportunity are downsizers, who previously lacked options for truly low-maintenance, lock-up-and-leave living.

Among the developments launched in the last few years in Castle Hill, the first apartments to sell were the larger, premium units. Developer CPDM designed its new Castle Hill development, <a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> specifically to suit the downsizer and owner-occupier market.

They focused on creating a series of low-rise buildings, which are uncommon in new developments. The five buildings are arranged around a central landscaped courtyard, designed to flood the apartments with natural light and bring nature indoors.

[smartcode_project:default project_id=135330 project_image_fid=289164]

CPDM has created two different dwelling types for downsizers: the sky homes, which are top-floor apartments with large floor plans, and three-level townhouses.

The sky homes were designed to harmonize with the natural beauty of Castle Hill. Extensive glazing allows for abundant natural light, while the large balconies are enveloped in landscaping. Designed for downsizers, these apartments include internal lifts.

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Some sky homes also feature rooftop terraces, which can include a spa as an added amenity.

The four-bedroom townhouses, also featuring a lift, offer landscaped courtyards with an alfresco area, a built-in bar in the open-plan kitchen and living space, and a master suite with a private balcony.

The townhouses start from just under $3 million.

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CoreLogic data shows that 231 houses have sold for over $3 million in the Hills Shire in 2023, with 76 of those selling for over $4 million. Already in 2024, there have been 234 house sales over $3 million, with several months left in the selling season; 74 of these have been over $4 million.

Each apartment in Larool Crescent features interiors by <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a>, and buyers benefit from the building being insured by extended <a href="/news/resilience-latent-defects-insurance">Latent Defects Insurance</a> from Resilience Insurance. This insurance covers buyers in the event of any structural defects in the building for the first 10 years post-completion.

SRG Builders has been appointed to deliver Larool Crescent, which is slated for completion in late 2026.

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CPDM has created two different dwelling types at Larool Crescent for downsizers: the sky homes, which are top-floor apartments with large floor plans, and three-level townhouses.

Why now is the best opportunity to downsize in Castle Hill for decades

Prospective buyers at Elevate, the recently launched stage of Hume Place above Crows Nest Metro Station, will be able to secure an apartment in the exciting development with just a $10,000 deposit.

<a href="/developers/thirdi-group">Third.i</a> has partnered with NestDeposit to provide the low deposit option, making it accessible for everyone including first home buyers, investors, and downsizers.

The 130 one, two and three-bedroom apartments offer a unique proposition to any buyer given the rarity of such a development directly above Australia's largest ever public transport project.

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Luke Berry, Co-Founder of Third.i, said the team is&nbsp;always looking for innovative ways to help Australians achieve their property dreams.

"NestDeposit addresses the challenges of rising living costs, house prices, and the long savings periods needed for traditional deposits, making homeownership more accessible for buyers across the country," Berry says.

“We’re excited to offer NestDeposit at Elevate Hume Place, giving more people the chance to secure a home in a prime location above the new Crows Nest Metro. At Elevate, residents will enjoy seamless connectivity, stunning homes, upscale communal amenities, and an area that beautifully combines urban convenience and community charm."

Situated directly above the recently opened <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;has been designed by Woods Bagot. and are split into categories; The Urban Residences, Panoramic Residences, and Skyhomes.

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The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

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<a href="/developers/thirdi-group">Third.i</a>&nbsp;and joint venture partner Phoenix Property Investors are working towards a Q3 2027 completion date.

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Luke Berry, Co-Founder of Third.i, said the team is always looking for innovative ways to help Australians achieve their property dreams

Third.I offer $10k deposits at Elevate Hume Place apartments above Crows Nest Metro

Unit values are having their time in the sun in Sydney, as affordability and higher interest rates put a dampener on the house market.

The monthly update from property data analytics firm CoreLogic shows unit values increased by 0.6 per cent across September, whereas the counterpart house market saw a modest 0.1 per cent gain.

The Sydney median unit value is now $860,000, compared to the median value of houses which is now $1,473,000.

The growth in the Sydney market has slowed, with dwelling values, which incorporates houses and units, showing 0.5 per cent gains over the September quarter, the lowest growth since early 2023 when values briefly declined.

<h2>What happened in Sydney’s off the plan apartment market in September</h2>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region.

Over 60 per cent of apartments in the first release at TWT Property Group's <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>, on the fringe of <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> and <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>, were snapped up on the opening weekend.

Local downsizers and young couples made up the majority of purchasers who were attracted to the proximity to both&nbsp;Crows Nest Metro and Crows Nest village.

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The first building will have 93 one, two, three and four-bedroom apartments.&nbsp;The curved, 16-level building features interiors by&nbsp;<a href="/architects/dbi">DBI</a>&nbsp;who has created an interior scheme that is focused on creating functional living spaces, like the inclusion of study nooks and protected balconies.

The first stage of the masterplan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the total 1.3-hectare development.&nbsp;

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It's been the same strong response to Elevate at Hume Place, the new release of apartments literally above Crows Nest Metro from Third.i.

The 130 one, two, three bedroom apartments offer unparalleled access to Sydney, as well as all of the amenity in the booming Lower North Shore metro corridor.

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes, offering a wide choice for buyers.

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Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

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Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the&nbsp;<a href="/developments/crows-nest-nsw-2065">Crows Nest</a>&nbsp;Overstation Development at the end of 2022 after being shortlisted by the NSW Government and Sydney Metro in a rigorous and highly competitive tender process. Third.i and PPI were selected over some of Australia’s most successful developers, to deliver both sites above the station.

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Records continued to set in the east with the circa $22 million sales of the AYA Penthouse representing the highest price paid for a non-beachfacing apartment.

The four-bedroom penthouse, designed by&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>&nbsp;at the top of the nearly complete Aqualine building, is the largest single-level penthouse in Bondi Beach.

<img alt="AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-12%20at%207.40.27%E2%80%AFAM.png?VersionId=1pjK1aEVzQQ7f8WmAoiD.aQuvoXAxx7W" />

There was another record set in <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a> in the nearby&nbsp;<a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>. An $8.85 million sale is the highest achieved for a three-bed apartment in the suburb.

Ray White Projects Director, Marcello Bo, said local rightsizers continue to show strong interest in the project with "generous layouts and amazing interiors."

“Uninterrupted views of the harbour and city skyline is a big drawcard for buyers, along with the proximity to Woollahra,&nbsp;Bondi Junction&nbsp;and Centennial Park across the road," Bo said.

“The Centennial Collection&nbsp;finishes are extremely luxurious. There’s a winter pool and a year-round rooftop pool, a concierge and wellness hub; it really is a luxury experience.”

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Activity from both buyers and developers continued in Castle Hill.

Developer&nbsp;<a href="/developers/cpdm">CPDM</a> has secured significant interest following the launch of its low-rise development&nbsp;<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>.

Its proximity to Castle Towers, and its variety of configurations, has seen it become a hit with first home buyers, rightsizers and downsizers.

[smartcode_project:default project_id=135330 project_image_fid=289164]

The most notable new development plans filed in September across Sydney was also in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> where&nbsp;<a href="/developers/kassis-homes" target="">Kassis Homes</a> unveiled plans for Grand Reve II, named after its recently completed debut Castle Hill apartment development, <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a>.

The new plans are for four towers, three residential and one hotel, next door to Grand Reve across a large 9,074 sqm on&nbsp;Garthowen Crescent and Old Castle Hill Road.<img alt="Reve Group file for new four-tower development in Castle Hill" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-10%20at%204.33.37%E2%80%AFPM.png?VersionId=JGCTtL5_W6OlfHZHUTLqDx8oVZZU8xyo" />

The new development will again offer a range of configurations. Across the 19, 22 and 23-level residential buildings will be 50 one-beds, 147 two-bed apartments, 56 three-beds and 11 four-bed apartments.

"We've been building in the area for three decades, and we're passionate about delivering high-quality residential living to&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>," Sam Kassis told Urban.

Read more:&nbsp;<a href="/news/nsw/reve-group-file-for-new-four-tower-development-in-castle-hill">Reve Group file for new four-tower development in Castle Hill</a>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region

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