Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Sydney off the plan apartments

Sydney's unit market is showing continued growth in 2024.

It was the third consecutive month that growth in the value of units, which incorporates both apartments and townhouses, outstripped growth in houses,&nbsp;CoreLogic’s Home Value Index found.

Units posted gains of 0.7 per cent, higher than the 0.5 per cent growth in houses.

Sydney's median unit value is now $848,000, having started 2024 at $834,000.

Sydney's overall housing market is now approaching record levels again, now matching the previous record high set in January 2022. After reaching this peak, dwelling values in Sydney dropped by 12.4 per cent, finding their lowest point a year later.&nbsp;

Since then, the market has experienced a 14.1 per cent rise through the current cycle. This places Sydney at the forefront of recovery among Australian capital cities.&nbsp;

Read more:&nbsp;<a href="/news/nsw/city-beat-may-2024-sydney-unit-growth-doubles-houses-in-april">City Beat May 2024: Sydney unit growth doubles houses in April</a>

<h2>What happened in Sydney’s off the plan apartment market in May</h2>

While new projects launching to the market were scant, planning took centre stage in May, with a series of major development applications and approvals across some of Sydney's best postcodes.

The biggest news came from Circular Quay where&nbsp;<a href="/developers/jdh-capital">JDH Capital</a>, the developer who is redeveloping the iconic Sirius building in The Rocks, laid plans for their latest luxury project.

They've finalised their $183 million plans to demolish the Sir Stamford Hotel on Macquarie Street and replace it with a striking 15-level glass tower with commercial, retail, and luxury apartments.

<img alt="First look exclusive: JDH Capital plot $183 million Sir Stamford Hotel redevelopment on Sydney's Macquarie Street" 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/field/image/Screen%20Shot%202024-05-15%20at%208.55.38%20am.png?VersionId=30oCBOCFNOm5rc04DnZgD8mPpilN._Zo" />

<a href="/architects/bvn-architecture">BVN</a> was given the architectural reigns after the jury at the City of Sydney Design Excellence Competition voted unanimously for their design in early 2023.

69 apartments will be spread across 10 residential levels in the new structure at&nbsp;<a href="/new-apartments/93-97-macquarie-street-sydney">93-97 Macquarie Street</a>.

Part of the development of the 1,612 sqm site, which sits in the Macquarie Special Character area defined in the Sydney LEP 2012, will include the restoration of the heritage-listed Health Department Building that dates back to 1896. That was designed by Government architect Walter Liberty Vernon.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-jdh-capital-plot-183-million-sir-stamford-hotel-redevelopment-on-sydneys-macquarie-street">First look exclusive: JDH Capital plot $183 million Sir Stamford Hotel redevelopment on Sydney's Macquarie Street</a>

Three kilometres south of Sydney's CBD in <a href="/developments/redfern-nsw-2016">Redfern</a>, the billionaire Neilson family is planning to revitalise an old commercial strip.

The plans submitted by Paris Neilson,&nbsp;the daughter of billionaire arts patron Judith Neilson and investment banker Kerr Neilson, and her developer husband Todd Buncombe will transform a row of industrial-style commercial spaces across&nbsp;<a href="/new-apartments/2-30-vine-street-redfern">2-30 Vine Street and 32-34 Eveleigh Street</a>.

<img alt="First look exclusive: Billionaire Neilson family to develop new Redfern mixed-use building" 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/field/image/Screen%20Shot%202024-05-06%20at%2012.20.49%20pm.png?VersionId=1vxaIvju3nqHUxzHIF7YKCoNCqqP5AaJ" />

They're proposing a new mixed-use building designed by Koichi Takada Architects that will home 23 apartments and 20 commercial spaces and two retail tenancies.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-billionaire-neilson-family-to-develop-new-redfern-mixed-use-building">First look exclusive: Billionaire Neilson family to develop new Redfern mixed-use building</a>

Heading to the east and, after four years of back and forth, Sydney’s landmark&nbsp;<a href="/developments/coogee-nsw-2034">Coogee</a> Bay Hotel is set to be redeveloped.

The iconic watering hole on the corner of Arden Street and Coogee Bay Road, fronting the beach, has been approved to have the current building refurbished, while an extension will see a shop-top housing development with 58 apartments, 11 retail premises, and an internal laneway from Coogee Bay Road.

The Sydney Eastern City Planning Panel granted a Deferred Commencement Consent, consent that will become operational once there has been a resolution of a noise management plan with Randwick City Council.&nbsp;

<img alt="Coogee Bay Hotel redevelopment gets the green light after five years of planning" 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/field/image/Coogee%20Bay%20Hotel%20Redevelopment%20from%20Coogee%20Bay%20Road.jpg?VersionId=leR9KJyvvcs.Ce3o7bl9Ybp0iHd_WqUI" />

In the inner-west, prominent developer&nbsp;<a href="/developers/deicorp">Deicorp</a>&nbsp;has secured planning approval for its first-ever&nbsp;<a href="/new-apartments/rhodes-nsw-2138">Rhodes apartment</a>&nbsp;development,&nbsp;<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>.

They've been given the go-ahead to develop the&nbsp;$435 million, 32-level mixed-use tower in the heart of Rhodes designed by Fender Katsilidis.

<a href="/developers/deicorp" target="">Deicorp</a>’s Chairman, Fouad Deiri OAM, said the landmark&nbsp;building will bring much-needed new homes to the heart of Rhodes.

“Designed by one of Australia’s leading design practices,&nbsp;<a href="/architects/fk-australia">FK</a>, Marquet &amp; Mary delivers on&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>’s business values of strong design and high-quality amenities,” Deiri said.&nbsp;

<img alt="Deicorp greenlit for Marquet &amp; Mary tower in Rhodes" 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/field/image/FKMED_22228_M%26M.jpg?VersionId=Zynkp2wTWWeBiNIgi7zIWnWMxDalWD7f" />

&nbsp;Builder developer <a href="/builders/aland">ALAND</a> will also bring much-needed housing to Western Sydney, including potential affordable apartments for key workers.

Cumberland City Council has given ALAND approval to begin work on Amber, the second stage of <a href="/buildings/amber-the-gladstone-village-stage-2-228-pitt-st-merrylands">The Gladstone Village</a>, a major component of its $800 million mixed-use development in <a href="/developments/merrylands-nsw-2160">Merrylands</a>.

Negotiations are ongoing to designate the entire 21-storey tower, consisting of 236 apartments, for affordable housing under the federal government's Housing Australia Future Fund (HAFF). If successful, these units will be offered at lower rental rates for essential workers, easing the housing crisis and supporting the local economy.

<img alt="ALAND to launch Amber; stage two of $800 million Merrylands precinct The Gladstone Village" 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/field/image/Screen%20Shot%202024-05-13%20at%209.23.11%20am_0.png?VersionId=Sr4r0uCD.NdCqCvhUhthPhYfHwfTlHvX" />

While new project launches have been few and far between, there has been some activity outside of the city.

South in Wollongong,&nbsp;<a href="/developers/level-33">Level 33</a>&nbsp;launched one of its most boutique apartment developments to date.

The go-to developer in&nbsp;<a href="/developments/wollongong-nsw-2500">Wollongong</a>&nbsp;has revealed Easterly, directly opposite WIN Stadium at 13 Crown Street, a short walk from the beach.

Easterly comprises 21 luxury two and three-bedroom apartments and three penthouses, all designed in collaboration with&nbsp;<a href="/architects/turner-studio">Turner Architects</a>.

Read more:&nbsp;<a href="/news/nsw/launch-alert-level-33-launch-wollongong-apartment-development-easterly">Launch Alert: Level 33 launch Wollongong apartment development, Easterly</a>

[smartcode_project:default project_id=139092 project_image_fid=282388]

Up north in Sydneysiders favourite beachside holiday hotspot <a href="/new-apartments/byron-bay-nsw-2481">Byron Bay</a>, local developer&nbsp;<a href="/developers/jd-property-group">JD Property Group</a>, launched <a href="/new-apartments/secret-garden-119-123-jonson-street-byron-bay">Secret Garden</a>, their $100 million luxury shoptop development at 119-123 Jonson Street, just 750 metres from Main Beach and on the corner of Jonson and Kingsley Street.

The development will feature 22 apartments, including luxury penthouse suites, alongside 10 upscale retail and hospitality tenancies on the ground floor. The premium-grade retail space will showcase local talent, including top chefs, designers, and artisans while bringing some of Australia’s leading brands to the Byron Bay township.

<img alt="Byron Bay set for Secret Garden after luxury shoptop development gets approval" 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/Screen%20Shot%202024-05-13%20at%209.05.01%20am.png?VersionId=03MVZS.3oyVl41AqHTxhzacPEbGsxbpR" />

JD Property Group Managing Director and third-generation local, Jason Dunn, said the precinct aims to spotlight what makes Byron Bay uniquely special.

It was Sydney's most iconic beach however that grabbed the biggest headlines in the off the plan apartment space in May.

The price per square metre rate was smashed in Bondi Beach where&nbsp;a penthouse atop Hall &amp; Campbell on the dress circle Campbell Parade beachfront sold for over $100,000 per sqm.

<img alt="Hall &amp; Campbell sets new apartment record in Bondi Beach" 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/field/image/Hall%20%26%20Campbell.jpg?VersionId=N7i.jvBaqQtJA6aZEg.95Ii_cjbVEOfj" />

Developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group and under construction by Trescon, the penthouse sold for $23 million, representing a price per sqm of $105,000.

The penthouse, designed by architect <a href="/interior-designers/scott-carver">Scott Carver</a>, features five bedrooms, five bathrooms, and multiple living areas and balconies with views of <a href="/new-townhouses/bondi-beach-nsw-2026">Bondi Beach</a>.&nbsp;

We have news this month from Circular Quay, Coogee, Bondi Beach, and even Byron Bay

City Beat June 2024: Sydney off the plan apartment development plans pile up as unit growth continues

No single developer has contributed to the apartment market in Bondi Junction more than local developer Stargate Property Group.

Having completed five towers in the Eastern Suburbs shopping hub and currently developing their sixth, Stargate, led by Igal and Elia Leis, has filed for its seventh.

They're staying on Oxford Street, where they're currently developing The Centennial Collection and have completed several other buildings. They've submitted $80 million plans for <a href="https://www.apartments.com.au/new-apartments/signature-362-384-oxford-street-bondi-junction-nsw-2022">Signature</a>, two towers at 362-384 Oxford Street, an amalgamated site on the corner of Oxford and Newland Street.

Stargate secured three of the shops for $8.75 million in 2016 and was set to submit a development application for a smaller project before the opportunity arose to secure the three adjoining shops in 2021. They paid $15 million to expand their holding to 1,553 sqm which suited a larger tower.

They are having to keep three of the shopfronts, as they have heritage significance. Architecture firm SJB, who has also designed The Centennial Collection, has incorporated the shopfronts into the designs for the street level. The other three shops have been demolished and will be replaced with a striking curved entry to the building, as well as more retail spaces.

The development application is State Significant, so it goes through the NSW Planning Panel.

The new 15-level project will have 111 apartments, a mix of 48 one-bed, 52 two-bed, and 11 three-bedroom apartments. The building will be split into two sections, connected by an internal bridge. There will be a communal rooftop with resident amenity, as well as commercial spaces on the first two levels.

The builder-developer has already cleared the site, aside from the heritage shops, and has started excavating for the six levels of basement that will have parking for 119 vehicles. They're approaching bottoming out the basement just 400 metres away at The Centennial Collection which is on track for completion late next year.

First look exclusive: Stargate seek new Oxford St, Bondi Junction apartment development

Allen Linz's Rebel Property Group has teamed up with luxury developer Somerset Development Group to launch the latest luxury apartment development in Sydney's affluent Mosman.

They're launching <a href="/new-apartments/eden-mosman-5-brady-street-mosman">Eden</a>, just 13 apartments designed by&nbsp;<a href="/architects/pbd-architects">PBD Architects</a>&nbsp;and&nbsp;<a href="/interior-designers/mim-design">MIM Design</a>&nbsp;at 5 Brady Street, just off Military Road near Hotel Mosman and Harris Farm.

<img alt="Eden" data-entity-type="file" data-entity-uuid="82526720-372c-40db-830d-4d5dd1ad8ae4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-12%20at%2011.54.26%20am.png?VersionId=HNtNxyPmZx9RHYRtUoSqNSCuhVhrpR_s" />

&nbsp;

Eden features a sculpted form with an emphasis on enduring materials and rich textures. The facade incorporates subtle curves that create a sense of movement, while extensive glazing offers sweeping views of <a href="/developments/sydney-nsw">Sydney</a> Harbour.

“The masculinity of the built form is tempered through a finer grain layer of detailing including timber-toned screens and natural sandstone landscaped planter walls,” PBD Architects Founder Paul Buljevic said.

<img alt="Mosman Eden Launch - interior" data-entity-type="file" data-entity-uuid="f185b1ce-06d5-4aef-ad43-6beb0077b999" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eden%20Mosman%20kitchen.jpg?VersionId=JFzAgeA6djLQLKBSmTQvUxT9xmsl9HDd" />

Each apartment includes contemporary interiors and lush outdoor spaces designed to capture natural light.

Interior designer Miriam Fanning said their focus is to inspire their clients with a finished project that goes beyond their expectations.

"Our philosophy is to produce unique and individual design results that not only reflect our clients or their brand, but enhance their lives."

<img alt="Eden" data-entity-type="file" data-entity-uuid="78dcc454-19f1-493d-b95f-19229fa8a15e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-12%20at%2011.49.18%20am_0.png?VersionId=IM9VzYW9.w9fl6vz_S8FNzks7n_p7.dp" />

Located just 100 metres from shops and services, Eden offers residents a vibrant harbourside lifestyle in one of Sydney’s most sought-after suburbs.

Somerset Development Group are more well known for building and restoring landmark homes across Sydney, while <a href="/developers/rebel-property-group">Rebel Property Group</a>&nbsp;has created some of Bondi Beach's best apartments.

Eden joins the likes of <a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a> by Prosker Property, Kleo by WINIM, and <a href="/new-apartments/mosman-residences-22-clifford-street-mosman">Mosman Residences</a> by Abadeen on the luxury Mosman off the plan apartment market.&nbsp;

mikah.m@urban.com.au

Mosman's luxury off the plan apartment injection continues with Eden launch

The Department of Planning, Housing and Infrastructure (DPHI) has gazetted an amendment to the <a href="/developments/woollahra-nsw-2025">Woollahra</a> Local Environmental Plan (LEP) 2014, allowing the planning proposal at 136-148 New South Head Road, <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> to proceed with increased density.

The amendment raises the height limit from 14 metres to 46 metres at the 1,748 sqm mixed-use site located three kilometres from the CBD and&nbsp;opposite the Edgecliff Centre and Edgecliff Station.

<a href="/architects/group-gsa">GroupGSA</a> delivered the planning proposal for the development dubbed One Darling Point, which is currently for sale through CBRE and Colliers. International development company,&nbsp;<a href="/developers/anka-property-group">Anka Property Group</a>,&nbsp;directed by Andrew and Vera Boyarsky, are the vendors.

GroupGSA urban design principal Jenna Keyes said the site’s significant location, situated directly across from Edgecliff Station and bus interchange, will contribute to the NSW Government’s aspiration for Sydney to be a 30-minute city.&nbsp;

“Appropriate development of this site presents an opportunity to maximise the benefits of active and efficient transport for more residents and support the newly released housing targets from the NSW Government,” Keyes said.&nbsp;

The New South Head Road corridor provides essential access to transport and services and a significant catchment area including <a href="/developments/darling-point-nsw-2027">Darling Point</a> Peninsula, <a href="/developments/paddington-nsw-2021">Paddington</a>, <a href="/developments/double-bay-nsw-2028">Double Bay</a> and <a href="/developments/rushcutters-bay-nsw-2011">Rushcutters Bay</a>.&nbsp;

Keyes said the rezoning will support future renewal objectives set out in the Greater Sydney Region Plan, including providing an appropriate location for additional housing, fostering growth to meet the community's needs for goods and services, and enhancing the area's roles in recreation, culture, arts, and community hubs.

<img alt="Developers to circle prime Darling Point apartment development site" 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/field/image/Screen%20Shot%202024-03-25%20at%201.45.01%20pm.png?VersionId=nlFrd7aAx8ImJ3GO0WqpiR_7fPsZHdIB" />

GroupGSA developed a concept design for the site to align with the client’s and Woollahra Council’s vision of delivering the highest standard of architectural and urban design within the rejuvenated urban corridor and revitalised core.

GroupGSA Architecture principal Alister Eden said the site, positioned at the prominent intersection of New South Head and Darling Point Roads, presented “an opportunity to create a gateway building and new focal point” in the transformation of Edgecliff.

“The design is a direct nod to the retained art deco former bank building, and adjacent buildings of a similar architectural style,” Eden said. “The concept was conceived to work in harmony with the existing urban condition, while also delivering a contemporary response to this changing environment.&nbsp;

“An activated public interface on the ground plane is designed to enhance the pedestrian experience of the centre, within what is currently a very vehicle-centric environment. This will improve the social and economic conditions of Edgecliff as a whole, aligning with the future development that is anticipated across adjacent sites.”

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year.

Council backflipped on its decision by supporting the plans in February 2024, following public submissions which saw 63 per cent of residents in favour of the high-rise development.

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year

New Edgecliff gateway development expected after height limit triples

Popular watering hole the Northbridge Hotel, and the adjoining commercial precinct Northbridge Village, are set to make way for a new mixed-use retail and apartment building.

SJD, who is well known in Sydney's east for developing the luxury apartment project 1788, has filed plans with Willoughby Council for a new $45 million development comprising 24 apartments above street-level retail at 57-69 Strathallen Avenue, just off Sailors Bay Road and not far from Northbridge Plaza.

Bates Smart has designed the five-level building which has a mix of just three and four-bedroom apartments. Two EV charging bays will feature in the two-level basement that will cater for 51 cars for both residential and retail use.

There's been little in the way of off the plan activity in Northbridge in recent years. There had previously been plans for Escarp, across the road at 46 Strathallen Avenue, however they failed to eventuate.

The only recent project to launch locally was with WINIM, who in October last year launched&nbsp;Flō, just seven townhomes and five apartments opposite Northbridge Shore Playing Fields and just a few hundred metres down the road from Northbridge Plaza and the popular Warners Park.

First look: Northbridge Hotel to make way for new mixed-use development

Sekisui House&nbsp;Australia has released an exclusive collection for the second stage of Glade Apartments in their Wentworth Point masterplan community, Sanctuary.

The exclusive release comprises just eight four-bedroom waterside apartments boasting generous floor plans ranging from 198 sqm to 204 sqm.

<img alt="Stage Two of Glade Apartments, Sanctuary - living kitchen" data-entity-type="file" data-entity-uuid="3bab5a09-9792-4dfe-9073-8095f9032989" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade-Apartments-kitchen.jpg?VersionId=NuXHkugqnLaDkXmJ2YU0FZDHp27kep3H" />

Each residence features meticulously designed interiors with open-plan living areas and multiple balconies that offer north-west and east-south views of the river and parklands.

Central to these residences is the expansive kitchen equipped with a full-height pantry cupboard and upgraded Fisher &amp; Paykel appliances, including a fully integrated fridge.

<img alt="Stage Two of Glade Apartments - balcony" data-entity-type="file" data-entity-uuid="b44057d8-907d-4910-86f2-a76a897d8115" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade%20balcony%20%281%29.jpg?VersionId=GxvXnUe_vp7cjSpwo_j5LlEkQwyX8EZL" />

The balcony is an extension of the living space, featuring a BBQ unit and a stone bench for convenient alfresco hosting.

With a focus on the health and wellbeing of residents, this stage will feature a central 3,150 sqm Neighbourhood Green providing an elevated flexible open space, covered communal dining area, BBQ area, and water play along with an exclusive multi-level facilities building—Revive.

<img alt="Stage Two of Glade Apartments, Sanctuary - Revive amenities" data-entity-type="file" data-entity-uuid="f3b982b4-00c1-491f-8485-f915773a6c63" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade%20Revive-min.jpg?VersionId=znFjHzkT_uZEnJwHn2adXqQmUBqGZTkJ" />

Upon completion, the six-stage Sanctuary masterplan by&nbsp;<a href="/developers/sekisui-house-australia">Sekisui</a>&nbsp;will be home to around 2000 waterfront apartments, specialty retail and dining surrounded by generous public open spaces and outdoor activations such as foreshore park, BBQ areas and children’s playgrounds.

Released after the sold-out Landing stage, <a href="/new-apartments/laguna-glade-3-5-sea-rush-street-wentworth-point">Laguna &amp; Glade</a> is located at the heart of Sanctuary’s master plan and consists of a total of 163 premium waterside apartments.&nbsp;

<a href="/architects/pbd-architects">PBD Architects</a> designed the 13-level Laguna building and the eight-level, 70-apartment Glade.

The starting price for Glade's exclusive release is set at $3 million, with move-ins expected by the end of 2024.

[smartcode_project_cta:default project_id=139793]

The starting price for Glade's exclusive release is set at $3 million, with move-ins expected by the end of 2024

Sekisui House Australia release exclusive waterfront apartments in Wentworth Point masterplan, Sanctuary

Sekisui House&nbsp;Australia has submitted a development application for the construction of three multi-storey apartment towers in Melrose Park.

The $450 million project outlines the construction of a 21 and 24-level, plus a central seven-level tower above a podium level at 82-84 Wharf Road.&nbsp;

The buildings will be home to a total of 468 apartments and will include three basement levels providing 584 car parking spaces.

The current proposal is for the sixth stage of the broader <a href="/new-townhouses/melrose-park-nsw-2114">Melrose Park</a> master plan, which aims to deliver 6000 homes upon completion. Group GSA says the block for the new building, referred to in the planning documentation as Lot A,&nbsp;interfaces with previously approved residential flat buildings which buffer the site from Victoria Road, along the northern edge.

"As approved outside of the current DCP and masterplan, these built, or under-construction forms, present our site with a varied interface of 7-11 storeys in building heights and the street wall condition, and will be inconsistent with the DCP controls that influence our site," Group GSA noted.

"As a result, the proposed massing for Lot A seeks to address both conditions and to provide an appropriate contextual response.

<img alt="MElrose Park" data-entity-type="file" data-entity-uuid="82807457-145a-4164-b9ce-3a4df5cae738" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%201.55.36%20pm.png?VersionId=7s1uZtt...xrAFtzA4P7l3RToi7TPlnd" />

This application follows another submitted by <a href="/developers/sekisui-house-australia">Sekisui</a>&nbsp;earlier this year for stage five which proposed 368 apartments, also designed by <a href="/architects/group-gsa">Group GSA</a>.&nbsp;

Planning for Melrose Park’s redevelopment began in 2016, with the area rezoned in 2022 following the council’s endorsement of the <a href="/new-townhouses/parramatta-nsw">Parramatta</a> Employment Lands Strategy.&nbsp;

The precinct is undergoing a transition from industrial to mixed-use development, including high-density residential, open space, retail/commercial uses, and a new school.

The extensive Melrose Park master plan has attracted attention from various developers, including <a href="/developers/deicorp">Deicorp</a>, highlighting its growing appeal and connectivity after the approval of Parramatta Light Rail Stage 2.

The light rail will provide a direct public transport link between Melrose Park, <a href="/new-townhouses/wentworth-point-nsw-2127">Wentworth Point</a>, Sydney Olympic Park, and Parramatta CBD.

"Melrose Park provides for a peaceful and family-friendly atmosphere, making it a sought-after place to live that attracts a mix of families, professionals, and retirees who appreciate its safe and serene environment," Group GSA added.

The extensive Melrose Park master plan has attracted attention from various developers, including Deicorp, highlighting its growing appeal and connectivity after the approval of Parramatta Light Rail Stage 2

Sekisui file sixth stage of Melrose Park masterplan

Kassis Homes has reached a significant milestone in the development of its Grand Reve apartment project in Castle Hill.

They've officially topped out the two-tower, 185-apartment development, planting an olive tree on the roof and a barbeque lunch for the site team, consultants, the project marketing team at&nbsp;<a href="/project-marketer/mcgrath-projects">McGrath Projects</a>, and special guest Councilor Mark Hodges.

Construction by iCIRT-rated builder <a href="/builders/dasco-australia">Dasco</a> continues steadily to ready and deliver the apartments on track for a late 2024 move-in.

Service installations began in January 2024 and are around halfway completed.&nbsp;Interior fittings and fixtures commenced in February, with material procurement now reaching up to level seven.

[smartcode_project:default project_id=94147 project_image_fid=197727]

Grand Reve is the debut apartment development by&nbsp;<a href="/developers/kassis-homes">Kassis Homes</a>, a long-time luxury home builder in the area.

The project offers 37 different floor plans, ranging from studios to three-bedroom units and townhouse-style dwellings.&nbsp;

Grand Reve also emphasises outdoor space, with 2,300 square meters dedicated to landscaped communal gardens.

[smartcode_project:default project_id=94147 project_image_fid=203072]

The project has garnered attention from various buyer demographics, including downsizers, first-home buyers, upsizers, and investors.

The development's popularity is attributed to the growing interest in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>, driven by the new North West Metro and Hills Showground Precinct redevelopment.

<a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> provides prospective buyers with the option to secure an apartment with a $10,000 deposit in partnership with Coposit and includes 10-year structural defect insurance.&nbsp;

Prices start at $570,000 for studios, making it an attractive option in the in-demand Hills District housing market.

[smartcode_project_cta:default project_id=94147]

The project has garnered attention from various buyer demographics, including downsizers, first-home buyers, upsizers, and investors

Dasco tops out Kassis Homes' Grand Reve, Castle Hill apartment development

Lower North Shore developer WINIM has been one of the most active in taking up the new 10-year Latent Defects Insurance offered to developers by Resilience Insurance.

<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Latent Defects Insurance</a>, or LDI, the new game-changing policy that has just made it to Australia, covers an off the plan property buyer for 10 years post-completion for any costs associated with structural defects in their new apartment and the building as a whole.

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

In a short space of time, WINIM has taken the policy out on two of its latest residential developments, and it now forms a strong part of its business model,&nbsp;WINIM's Senior Development Manager Peitra Creak says.

Creak says the team were completely sold on the insurance once they understood the intricacies of the policy and how it works for both the purchaser and the developer.

Creak underscores its value as having a "dual benefit," for both developer and purchaser.

"First and foremost, Resilience LDI is a purchaser-led policy that protects off the plan property buyers and will drive confidence in our industry," Creak says, adding that there are significant benefits to the developer that make it even more attractive.

[smartcode_project:default project_id=143528 project_image_fid=253689]

"The last few years have been such a wild ride and we can't have predicted what has happened in terms of builder insolvencies, but we can learn lessons from it. We believe having Resilience LDI, as well as partnering with an iCIRT-rated builder, we're pre-empting and avoiding future issues in the built environment."

Creak says one of the biggest bonuses of Resilience LDI is that they get another set of eyes during the build process, something that can prove invaluable during the construction phase.

"The insurer is there to de-risk the project, and they do so by partnering with developers with a track record, strong finances, and consistently being a part of the build process. They have their teams on site before a shovel has been put in the ground, undertaking technical inspection services at frequent intervals."

[smartcode_project:default project_id=142292 project_image_fid=228505]

The fact Resilience LDI is a first right insurance was also another value add.

"With it being a first right insurance, we can factor it into our feasibility well before we start building the project. It also means that action is taken as soon as an issue occurs during the build, rather than at the end of construction.&nbsp; That means for buyers they don't have to pay a penny if there's any sort of rectification order, and, if it ever came to it, they would have accommodation paid for if they couldn't occupy the building."

Creak says they think developers could fall behind if they don't have Resilience LDI.

"If there are two similar, competing projects in the same area, then the buyer is definitely going to opt for the one with LDI over the one that doesn't have the policy."

WINIM has several new developments on the way, in Lane Cove and Neutral Bay, that they intend on taking out the Resilience Latent Defect Insurance policy on.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Why WINIM has embraced Resilience LDI

The Sydney suburb Eastlakes, a gateway to Australia’s most sought-after region for real estate, often gets overlooked by some of its more well-known Eastern Suburbs and inner-east neighbours.&nbsp;

In recent years however, the suburb has undergone a huge transformation, led by Crown Group who identified Eastlakes as the perfect place to develop a $1 billion mixed-use precinct.

They completed the first stage of the precinct at the start of 2022, winning the <a href="/news/urban-taskforce-australia-says-ia-report-reinforces-the-need-for-urban-densities">Urban Taskforce Australia</a> Development Excellence Awards in the Mixed-Use Development category the same year, one of the most prestigious awards a development can get in Australia.

Now, following the provisional liquidation of <a href="/developers/crown-group">Crown Group</a> late last year, the final apartments remaining in the first stage, known as <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> Eastlakes, have been released to the market, at a price point unheard of in the Eastern Suburbs. Furthermore, every apartment at The Grand Residences has at least one parking space.

[smartcode_project:default project_id=7652 project_image_fid=262590]

Both the price point and the position of The Grand Residences Eastlakes will be difficult to replicate given the soaring costs of building since the pandemic, as well as the boom in real estate values in Sydney’s East.&nbsp;

Residents of The Grand Residences Eastlakes will find themselves in the heart of the suburb, providing easy access to a wide range of amenities to suit all lifestyles. It’s surrounded by parks, golf courses, beaches, sports facilities, top schools and universities, and is a short commute to the Sydney CBD. Eastlakes' connectivity is enhanced by easy access to major roadways like the Eastern Distributor Motorway and the Sydney Bus Network, which connects to extensive light rail, train, and metro services.

The Grand Residences Eastlakes is surrounded by four premier golf courses and multiple community parklands. To the north across Gardeners Road is The Australian Golf Club, while to the east across Southern Cross Drive are Eastlakes Golf Club, The Lakes Golf Club, and Bonnie Doon Golf Club.

Reserves like Bridget Tight and Jack Mundey Reserve are just a short three-minute walk away, with larger parks like Astrolabe Park accessible within a three-minute drive.

[smartcode_project:default project_id=7652 project_image_fid=262592]

Large stretches of parkland, golf courses and green spaces surrounding The Grand Residences Eastlakes are complemented with a short trip to world-renowned beaches like Coogee, Bronte, and Bondi, as well as the City of Sydney’s new Gunyama Park Aquatic and Recreation Centre.

The Grand Residences Eastlakes also benefits from easy access to vibrant suburbs like Waterloo, Zetland, Surry Hills, and Alexandria, offering residents a variety of excellent retail, eateries, and cafes, including popular spots like Three Blue Ducks, Black Star Pastry, Gelato Messina, and Da Mario in Rosebery, all within a 10-minute drive.

There is also the highly-rated Common Cafe and Go Go Gozleme at The Eastlakes Shopping Centre just a stone’s throw from the apartments, while Westfield Eastgardens, home to Woolworths, Coles, Myer and Kmart among a further 200 other retailers and several more restaurants and cafes, is only a nine-minute drive from The Grand Residences.&nbsp;

[smartcode_project:default project_id=7652 project_image_fid=262602]

Families are also well catered for at The Grand Residences Eastlakes. From its privileged position, the development is only within a 10-minute drive to Eastlakes Public School, St Therese Catholic Primary School, JJ Cahill Memorial High School, and highly-ranked high schools like Sydney Girls High School and Sydney Boys High School.&nbsp;

Since the apartments have been released to market through McGrath Projects and Crown Property Agency, there has been a diverse range of buyers, from first home buyers to investors and upsizers.

[smartcode_project_cta:default project_id=7652]

Since the apartments have been released to market through McGrath Projects and Crown Property Agency, there has been a diverse range of buyers, from first home buyers to investors and upsizers

Sydney off the plan apartments

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