Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Sydney off the plan apartments

A prime development site in the heart of Rose Bay, one row back from the beach and in the village, is expected to attract a swell of residential developers.

13 owners have banded together to offer the 1,377 sqm site at&nbsp;730-738 New South Head Road and 2-10 Collins Avenue through McGrath Double Bay agent Craig Pontey, who owns one of the lots.

"We have got together as a collective collaboration of like-minded owners wanting to sell," Pontey says.

"There are five extra large townhouses, one three-bedroom apartment and six shops with underground parking all being offered in one line”.

Pontey says that with the&nbsp;current demand for luxury apartments being exceptionally strong, the site will allow for "many apartments with fantastic Harbour views in a very convenient location."

The site is bounded by three street frontages, New South Head Road, Caledonian Avenue and Collins Avenue, Rose Bay. &nbsp;

"It’s a very high-profile corner site," Pontey added.

Rose Bay is starting to see demand increase in new apartments, particularly for the downsizers.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

Read more:&nbsp;<a href="/news/nsw/downsizers-finally-start-to-get-their-chance-in-rose-bay-as-new-apartment-supply-grows">Downsizers finally start to get their chance in Rose Bay as new apartment supply grows</a>

13 owners pitch together for Rose Bay apartment development opportunity

Coronation Property has revealed the only two penthouses remaining in its architecturally significant inner west residential development, Ashbury Terraces.

There had been three luxury penthouses in the SJB-designed building that is approaching completion, however, one was snapped up pre-launch for $3.2 million.

Christine To, Head of Sales at Coronation Property, says the final release of <a href="/new-townhouses/ashbury-terraces-ashbury-165-171-milton-street-ashbury">Ashbury Terraces</a> will provide discerning purchasers the very last opportunity to secure their ideal home within this popular community.

“Ashbury Terraces is now at 80 per cent sold and is the last pocket of land available for development in Ashbury," To says.

“The thoughtfully considered floor plans and premium amenities at Ashbury Terraces have been tailored to accommodate a variety of tastes and lifestyle preferences, making the residences appealing to both individuals and families seeking a sophisticated and comfortable lifestyle experience."

Located less than 10 kilometres from Sydney’s CBD, Ashbury Terraces has been brought to life by a curated team of Australia’s leading designers and architects from renowned practices <a href="/architects/sjb-architects">SJB</a>&nbsp;and <a href="/landscape-architect/360-degrees-landscape">360 Degrees Landscape Architects</a>.

[smartcode_project:default project_id=112253 project_image_fid=294629]

The striking development features three distinct collections – the Terrace Collection, Apartment Collection, and for the first time on the market, the Penthouse Collection.

The exclusive Penthouse Collection offers open-plan living, as well as a private plunge pool with extensive views of the Sydney CBD.

[smartcode_project:default project_id=112253 project_image_fid=294911]

Each residence will connect to generous outdoor entertainment areas, oversized backyards and courtyards, with rooftop terraces offering views of the city skyline and neighbouring parklands.

The Terrace Collection encompasses 59 three-bedroom terrace homes designed to complement Ashbury's Victorian and mid-century architectural typologies within the exclusive resort-like setting.

The Apartment Collection, with its inviting laneways and village-like feel, comprises one, two, three and four-bedroom park-side apartments, including garden-level units with landscaped yards.

[smartcode_project:default project_id=112253 project_image_fid=294593]

<a href="/developers/coronation-property">Coronation</a> Property’s Managing Director, Joe Nahas, said the market response demonstrates the success and appetite for a development of this kind in <a href="/developments/ashbury-nsw-2193">Ashbury</a>.

"Downsizers who have capitalised on rising house prices over the last two years now seek quality new homes with open-plan living, increased amenity and outdoor space – the key features offered at Ashbury Terraces," Nahas said.

“A key component in Coronation’s property portfolio, this development underscores our commitment to consistently delivering well-designed and expertly constructed residences right across Sydney,” Nahas said.

Ashbury Terraces is on track for completion in late 2024.

[smartcode_project_cta:default project_id=112253]

Coronation Property’s Managing Director, Joe Nahas, said the market response demonstrates the success and appetite for a development of this kind in Ashbury

Coronation introduces penthouse living at Ashbury Terraces, a first for the in demand inner west suburb

Recent off the plan property purchaser Ray Foo has a strategy when he's buying apartments off the plan in Sydney.

"I'll always draw a five-minute walk radius around a development, to calculate its proximity to transport connections, mainly train or metro stations," Ray said.

"I do this from both an investment and liveability standpoint.

"My view is those developments that are well connected to the rest of Sydney will enjoy greater returns in both price growth and rental yield. I also look at the walk radius for when I live in the apartments, so I have an easy and convenient route into the city."

It was with this method, as well as extensive knowledge of the reputation of developer <a href="/developers/hyecorp-property-group">Hyecorp</a>, that led Raymond to purchase a two-bedroom apartment in <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, Hyecorp's new apartment development in Roseville.

[smartcode_project:default project_id=7395 project_image_fid=278193]

Comfortably falling into Ray's criteria, Juliet is located across the road from <a href="/developments/roseville-nsw-2069">Roseville</a> Station, a 25-minute commute into the Sydney CBD.

"You can't get a better location," Ray said.

"Not only are you across the road from the station, you're on the top of a hill and next to a park. It will be hard for another development to rival this location in Roseville."

Read more:&nbsp;Juliet: <a href="/news/nsw/juliet-one-of-the-most-connected-apartment-developments-in-the-leafy-roseville">One of the most connected apartment developments in the leafy Roseville</a>

[smartcode_project:default project_id=7395 project_image_fid=278205]

The Juliet purchase represented an upsize for Ray, who bought his first property, also off the plan, a few years ago in his early 20s. That apartment was in&nbsp;Billbergia's Rhodes Central a few years ago, another well-connected development to transport near Rhodes Station.

Ray said off the plan gives much more flexibility for a first home buyer than a purchase in the established market.

"The percentage required for a deposit when buying off the plan allows first home buyers to avoid relying on the 'bank of mum and dad,' which is often necessary in the established market," Raymond explained.

"You pay a 10 percent deposit—an amount that is achievable to save up for. Instead of settling on the property in six weeks, as is common in the established market where you must pay the remaining 10 percent of the deposit, you have years to accumulate that money. While saving, you're not paying any progress payments or other fees, and your asset is often growing in value over that period."

[smartcode_project:default project_id=7395 project_image_fid=278200]

It was 2016 when Hyecorp identified the prime Pacific Highway site, home to the Roseville RSL Club, as where they wanted to create not only a new apartment development, but rejuvenate the RSL which&nbsp;had been a fixture next to Memorial Park since the 1930s.

Hyecorp worked with both the Roseville community and local council to come up with Juliet, just 35 apartments that will sit above a redesigned ground floor club that will be more fine-dining than sticky floors with tired decor.

<a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>&nbsp;offers a point of difference in a suburb dominated by larger family homes, with very little supply of new apartments. Less than a third of housing in&nbsp;<a href="/new-apartments/roseville-nsw-2069">Roseville</a>&nbsp;is apartments, and of those, only 30 per cent have more than two bedrooms.

Ray took part in Urban's&nbsp;<a href="/news/buyer-qa">Buyer Q&amp;A series</a>, which focuses on the driving factors behind&nbsp;<a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia.

[smartcode_project_cta:default project_id=7395]

What led upsizer Ray Foo to buy an apartment at Hyecorp's Juliet in Roseville: Urban Buyer Q&A

“In Sydney and Melbourne, the top selling projects are more affordable. In Queensland, the Brisbane and Gold Coast markets are still targeting the luxury/premium market.” 

Affordable apartments driving Sydney and Melbourne markets, Brisbane and Gold Coast geared toward the premium: Urbis Apartment Essentials Q2 2024

Sydney's most connected address has just been revealed, with prominent developer Third.i launching the first stage of its over station Crows Nest Metro development, Hume Place.

Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

The first residences in Hume Place, known as <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate</a>, have just been released, a combination of 130 one, two, three bedroom apartments that 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.

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.

[smartcode_project:default project_id=142550 project_image_fid=297877]

There is a wide variety of configurations that will suit several demographics, including investors, who have largely been absent from the market since the RBA started increasing interest rates.&nbsp;

However, with an unreplicable project like Elevate, and its connection to the Metro, investors are likely to be looking at strong tenancy take-up and a higher potential for growth that, over the course of the last decade, has proven to be stronger in suburbs with a metro line than the neighbouring suburbs.

Close proximity to a metro station can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> 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.

[smartcode_project:default project_id=142550 project_image_fid=298039]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place presents an unparalleled opportunity.

"Elevate is not only going to offer some of the best apartments ever released, but it is also a one-of-a-kind development in terms of the value the metro will bring long-term to its owners," Berry says.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

Designed by renowned architects <a href="/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the area’s natural and historical elements, incorporating the heritage of the ancient blue-gum forests that once dominated the landscape.&nbsp;

The development emphasises sustainability, with a Net Zero energy building design that exceeds industry standards.&nbsp;

Beyond the residences, the project has been carefully crafted to integrate with the vibrant Crows Nest community.&nbsp;

Third.i and PPI have worked closely with local businesses and residents to ensure the development aligns with the character of the area while enhancing the quality of life through thoughtful urban planning.

<a href="/developers/thirdi-group">Third.i</a>&nbsp;is working towards a Q3 2027 completion date.

[smartcode_project_cta:default project_id=142550]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

Elevate at Hume Place: A once-in-a-generation opportunity above Crows Nest Metro

Buyers have flocked to Larool Crescent, the only new development to launch in Castle Hill in 2024.

In the months since launch, the market has responded strongly to the prospect of a low-rise building close to Castle Towers and a short walk to the newly connected Metro.

"<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> was designed to cater to every buyer, and that's exactly what we've seen since we've started selling," Boston Buckler Director Alex Walker says.

"First home buyers who have been priced out of most buildings in Castle Hill have secured several of the entry-level one and two-bedroom apartments, and while typically downsizers like to wait until construction is a little further along, we've seen them instead secure the apartments at today's price and give themselves a two-year window to work out what to do with their current home."

[smartcode_project:default project_id=135330 project_image_fid=289120]

Walker says the lack of available stock on the market has been a significant factor.

"While there's been much more development in the last five years than the five years prior, there's still not a wide choice, particularly for first home buyers and downsizers," Walker says.

10 years in the making, Larool Crescent comprises five low-rise buildings designed by&nbsp;PTW to wrap around a central courtyard.

[smartcode_project:default project_id=135330 project_image_fid=289164]

There are one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses, a rarity in new developments in the area. The interiors of the apartments have been crafted by Coco Republic.

Larool Crescent is strategically situated near&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>'s key amenities and attractions, offering residents convenient access to popular shopping destinations like Parklea Markets and Castle Towers, as well as a variety of acclaimed local restaurants.

Builder SRG has already been appointed to deliver Larool Crescent. Buyers are expected to move in in late 2026.

[smartcode_project_cta:default project_id=135330]

10 years in the making, Larool Crescent comprises five low-rise buildings designed by PTW to wrap around a central courtyard

Sales flow at Larool Crescent as first home buyers and downsizers seek low-rise convenience in Castle Hill

Residential developer Third.i is the latest to provide its buyers with the most comprehensive insurance policy in the off the plan apartment market.

They've taken out Latent Defects Insurance (LDI) from Resilience Insurance, a first-party insurance that safeguards against structural and construction defects for up to 10 years, meaning unforeseen issues can be addressed without major financial burden.

The policy offers both developers financial protection and instills buyers with confidence in their purchase.&nbsp;Dairy Farmers is the first development in Newcastle to have the insurance.

Developers who implement LDI must adhere to high construction standards, comply with regulations, conduct thorough risk assessments and maintain financial stability to mitigate potential financial risks associated with latent defects.

"Introducing Latent Defects Insurance is a testament to our commitment at Third.i to building homes and spaces that offer our buyers lasting peace of mind and ensures they feel confident in their investment,” said Luke Berry, Co-Founder of Third.i.

“We take immense pride in our Dairy Farmers Towers project and the high standards we've upheld every step of the way. Our LDI insurance reflects our dedication to assuring our buyers that we stand behind the quality and durability of our work. As we eagerly anticipate its completion, we're thrilled to see this project come to life, creating homes that families can trust and enjoy for generations to come."

Dairy Farmers Towers is set to complete construction in mid-2026, with multi-award-winning construction company Decode appointed to deliver the project.

“We’re excited to be working with Third.i on this project in the heart of Newcastle’s West End," said said Jack 
Peschardt, Construction Manager&nbsp;at Decode.

"This development represents a significant milestone for the area and reflects our shared commitment to contributing to the growth and vibrancy of the community."

Almost 80 per cent of the 180 one, two and three-bedroom apartments have sold. The project will encompass a range of deluxe on-site amenities, including communal green spaces, a state-of-the-art gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, as well as an exclusive residents’ only shared work hub.

Remaining apartments range from $595,000 to $2,695,000.

In addition, as an ode to Newcastle's history, the project will also re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

[smartcode_project_cta:default project_id=109979]

Third.i to protect apartment buyers at Newcastle's Dairy Farmers Towers with leading 10-year Latent Defects Insurance

The transformation of Double Bay's Cross Street into one of the most prestigious stretches of luxury retail and apartments, is set to continue.

The latest shoptop housing plans will see the home of several retailers demolished, including the well-known Florida dry cleaners, womens clothing store Alex &amp; Harry, and cafe Bar Lanziano. They will make way for a four-level building with three street-level retail spaces, a cafe and two fashion outlets, with six luxury apartments above.

The $18 million plans for 8-10 Cross Street, an amalgamated 547 sqm site, have been lodged by&nbsp;Caradonna Capital, directed by the Point Piper-based Tyson Fenay. The company is also associated with Chinese property developer&nbsp;Feng Miao Ting.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="90409ade-71c8-4b9e-8aca-94c92eaa2dae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2010.42.19%E2%80%AFAM.png?VersionId=e5HTYhHORxhBo0Gjkc25PEotHI8taxAr" />

Different entities but the same directors bought 8 Cross Street, known as Herford House, for $15 million in late 2023. They bought 10 Cross Street, which has approval for a six-level mixed-use building, in 2019 for $10.25 million.

Woods Bagot has designed the development which they said in the Urban Context Report "endeavours to contribute to the existing amenity of each site edge, whilst introducing new public domain, associated retail and new residential apartments."

"<a href="/developments/double-bay-nsw-2028">Double Bay</a> is Woollahra’s unique local business centre, which enjoys a privileged position near the southern edge of Sydney Harbour in Sydney’s Eastern Suburbs. The area is characterised by tree lined streets, significant residences, retail frontages and arcades. Outdoor dining and street activation is particularly strong in close proximity to the site, as is the presence of the Intercontinental Hotel north-west of the site.

"There is an eclectic mix of architectural periods in the area from Victorian terraces, Federation cottages, Art Deco facades and a nearby example of brutalist architecture. In the immediate Cross Street vicinity, a more modern streetscape is appearing, which this development has been designed to sit comfortably within. The proposed design retains a mix of masonry and stone-like facades to all edges and continues the retail frontages and awnings of the street and pedestrian lane."

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="d2892a13-ef4a-4d37-848c-790f498c29ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Double%20Bay.jpg?VersionId=e4GrEMrZJo0itRqdDKpd5q7lEMDSiytu" />

The seven apartments start from 139 sqm and all have three bedrooms.

The first two levels above street level will have two half-floor apartments on each. Above will be three penthouse-style apartments, spanning the whole floor and offering over 300 sqm of internal space and four balconies. The penthouse also has access to a private 86 sqm roof terrace.

Woods Bagot said the design centres around the garden village history of Double Bay and pays homage to its botanical antiquity..

"The proposal focuses on the language of gardens in the area and is centered around the original fig tree; the intention is to retain the tree in good health and let it add a homely touch to the residential entry.

"The development has a minimalist material palette that is in keeping with existing palette along Cross Street but with a variation in colour or texture, such as brick masonry patternation to stone like GRC and a metal feature material for retail accentuations and residential trims.

"The proposal is an appropriate response to the character of the neighborhood both existing and proposed and will serve to provide a new standard of residences in Double Bay."

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets. It is currently undergoing a full transformation, led by Top Spring Australia's Ode Double Bay.

<img alt="Double Bay" data-entity-type="file" data-entity-uuid="acbccdb2-f6c6-4690-928c-79071aa336ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-24%20at%2011.19.08%E2%80%AFAM.png?VersionId=UspaBigDt_Zer7LbDxFqBr9lpepeQbaN" />

<a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> is home to Double Bay's most expensive apartments. There's been record sales at $24.9 million and $21.49 million. The five penthouses and subpenthouses sold at an average sale price of $20 million.

The six-storey building, designed by celebrated Sydney architect Luigi Rosselli with just 15 apartments, is under construction and is slated for completion in early 2026.

Developer SJD kicked off the Cross Street rejuvenation with Encore 1788, which was followed by 1788 Residences.

34 Cross Street is slated for a new commercial building by fund manager Ben Finger, while 12 Cross Street, next door to the latest application, is owned by luxury residential developer HSN who will no doubt be proposing something equally impressive.

Cross Street is one of Double Bay's most popular streets, lined with cafes, restaurants and retail outlets

First look: Double Bay's Cross Street transformation to continue

It was a case of research reward rather than risk reward for Mark Fitzsimmons and his fiance Sophie, who recently secured an off the plan apartment in the new Willoughby development, Willoughby Grounds.

The couple had initially been looking for a house toward the upper end of the Northern Beaches. That search however quickly ended when they discovered<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby"> Willoughby Grounds</a>.

[smartcode_project:default project_id=135512 project_image_fid=251210]

While Mark and Sophie currently reside in the eastern suburbs and work in the CBD, Mark says the couple grew up in Wollongong and enjoy being close to the water, so they were looking for something near the water but also close enough to their workplace that would provide a short commute.

"For us, <a href="/developments/willoughby-nsw-2068">Willoughby</a> struck the right balance between offering us a short commute to work each day and a gateway to the northern beaches on the weekend. There is a bus stop across the road that allows us to get to the city in 10 minutes and we can be at the beach in 20 minutes on the weekend."

There wasn't any hesitancy from the couple after they went to the onsite display suite.

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested, adding that the couple had bought off the plan previously in Canberra.

"The local developer has worked on several residential buildings in Mosman and Manly and has a solid reputation. With a reputation, a funder locked in, and the building under construction, we were more than confident to buy off the plan."

The development team behind Willoughby Grounds are<a href="/developers/first-quadrant-properties"> First Quadrant Properties</a>, led by property development veteran Chris Rose, and funding partner Qualitas.

"We were able to meet with the developer and were familiar with their work in the area. This combined with the knowledge that the builder was iCIRT rated provided us with confidence in the build"" Mark added.

[smartcode_project:default project_id=135512 project_image_fid=251213]

Willoughby Grounds, almost presenting as mini-masterplanned community, comprises five lowrise buildings, each paying homage to<a href="/developments/willoughby-nsw-2068"> Willoughby</a>'s industrial history.&nbsp;

The development will have around 160 apartments spread across the five buildings, with just 22 to 35 units in each.&nbsp;

Construction of Willoughby Grounds is being undertaken by the iCIRT rated builder<a href="/builders/dasco-australia"> DASCO</a>.

Mark and Sophie took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=135512]

"Provided you do your research, we believe there's no reason why a buyer shouldn't look at the off the plan market," Mark suggested.

"Research removes risk" as buyers descend on Willoughby Grounds: Urban Buyer Q&A

Resilience Latent Defects Insurance (LDI) is reshaping the way building defects are managed in Australia, providing the most extensive cover for off the plan property buyers in the market.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">first Latent Defects Insurance policy in Australia</a>. The insurance provides off the plan apartment buyers with a 10-year warranty for structural and waterproofing defects on both their new apartment and the building it's situated in.&nbsp;

The cover is purchased pre-construction by the property developer or builder and is designed to protect apartment owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

<h2 id="ember48">Understanding first resort strict liability Latent Defects Insurance</h2>

First resort, strict liability LDI marks a significant advancement in consumer protection in the building industry. Unlike traditional insurance, which requires proving fault or negligence, this insurance operates on a strict liability basis. This means that issues can be addressed without needing to establish fault first—a long-standing problem in new developments. This delay often leaves consumers at a disadvantage, as problems remain unresolved while legal battles drag on, leading to increased costs and frustration

With strict liability insurance, consumers are entitled to compensation without navigating the complexities of proving fault or negligence. This streamlines the claims process and ensures faster resolution, providing&nbsp;consumers with primary coverage for damages resulting from latent defects, without the need to establish fault on the part of the builder or developer.

<h2>Further strengthens build quality</h2>

Latent Defects Insurance is a key indicator of build quality.&nbsp;Before a policy is issued, the construction process undergoes rigorous inspections by accredited independent experts.&nbsp;

These inspections ensure that any defects are identified and rectified during construction, not after.&nbsp;This proactive approach means that buyers can be more confident in the quality of their new apartment.

<h2>Increase apartment value</h2>

With LDI, buyers can rest assured that their property is safeguarded against structural defects for a decade after completion. This long-term coverage adds significant value to the property, making it more appealing to future buyers and potentially increasing resale values. Subsequent buyers will benefit from LDI coverage for the remainder of the 10-year policy on their newly purchased apartment.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings.

As a buyer, LDI isn't a policy you can take out individually on your apartment. Your new development either has the Resilience Latent Defects Insurance policy or it hasn't. Several of Australia's largest developers, such as Deicorp and Urban Property Group.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings

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