Urban.com.au’s insight into new and off the plan apartments in Sydney
If you're in search of new and off the plan apartments in Sydney, look no further. This bustling metropolis offers an unparalleled lifestyle that combines modern convenience with natural beauty.
Sydney is known for its excellent transport links, making it easy to get around via train, bus, ferry or light rail. With world-class shopping precincts like Pitt Street Mall and high-end boutiques in Paddington nearby; residents will never be short on options when it comes to retail therapy.
With its iconic landmarks such as the Sydney Opera House and Harbour Bridge, Sydney City is a vibrant hub of culture, arts, and entertainment. From world-class restaurants to trendy cafes and bars, there's always something new to explore in this dynamic city.
The city also boasts an array of parks and green spaces where locals can relax amidst nature amid skyscrapers - perfect for unwinding after a busy day at work. Plus access to top-quality education institutions within walking distance means families needn't go far to secure good schooling opportunities for their kids.
Whether you're looking for a compact studio or a spacious family home, our range of floor plans can accommodate your needs. Enjoy stunning views of the city skyline or harbour from your own private balcony or rooftop terrace.
Start your search for new and off-the-plan apartments in Sydney with us.
New Apartments in Sydney
The Sydney unit market continued to outperform house market growth in 2024, property data analytics firm CoreLogic found.
The biggest off the plan apartment and townhouse developers currently are Aqualand, Deicorp, Kassis Homes, Sekisui, WINIM, Abadeen, Central Element, Mulpha, TWT Property Group, Urban Property Group, Fortis, Tian An LFD, Meriton, Billbergia, GURNER TM, and Anson Group. They operate across the whole of Sydney from Sydney's CBD and inner-ring suburbs to Castle Hill and Tallawong. At the start of 2024, Urban reviewed the top Sydney off-the-plan apartment and off-the-plan townhouse developers in 2024.
Some of the largest off the plan apartments completing construction are AURA by Aqualand in North Sydney, Deicorp's Downtown Zetland, The Ashford in Castle Hill, and the first stage of Tallawong Village.
New Apartments in Sydney: The Data
Sydney's off the plan apartment market could see an increased demand in 2024 as Sydneysiders grapple with the cost of living in the most expensive capital in the country, Charter Keck Cramer forecast.
The property advisory giant's Metro Sydney State of the Market H2 2023 said there is considered an enhanced opportunity for apartment projects to receive increased demand in the Harbour capital, given that buy-to-sell apartments represent the most affordable dwelling typology. They note however there needs to be an expectation of recalibration as affordability has continued to pinch budgets in Sydney.
Unit values in Sydney are continuing to trend higher over 2024.
CoreLogic's Monthly Hedonic Index showed another 0.7 per cent rise in unit values across June, following 0.7 per cent gains in May and 0.6 in April.
It was another month units outstripped houses in the harbour capital. House values rose 0.3 per cent in June to be one per cent up over the rolling quarter. Units are now up 1.4 per cent over the same period.
June marked the end of the financial year. Over the 12 months, units in Sydney are up five per cent, to a new median $855,000.
New Apartments in Sydney selling in 2024
The biggest news in 2024 in the Sydney off the plan apartment market has come from the likes of new apartment developers Top Spring Australia and Tian An LFD.
Top Spring Australia broke price records in April at their St Leonards South masterplan, The Newlands. They amassed over $50 million in sales following the launch of their second stage of the parkside project which has been a hit with owner-occupiers due to its positioning as offering a 'wellness utopia.'
Top Spring Australia Managing Director, Sydney Ma, said the embedded sustainability and wellness elements in The Newlands were proving just as important to buyers as its proximity to the harbour and the new Metro station opening later this year.
What are the new apartments in planning in Sydney?
Looking ahead, builder developer Bathla has submitted $286 million plans for a new mixed-use development in Cabramatta.
The masterplan will comprise six buildings, each with a distinct architectural character, comprising a total of 673 apartments and 2,576 sqm of non-residential space.
They've commissioned HCKL Architecture to create a "vibrant and inclusive community by combining residential and mixed-use elements within the site."
Developer JDH Capital has filed for a new apartment development in Circular Quay.
Over the last two years they've been putting together plans to create a mixed-use building that will befit the location at the tip of Sydney's most historic street.
Now they've finalised the $183 million plans, submitted to the City of Sydney Council this month which will see the 1988-built hotel demolished to make way for a striking 15-level glass tower with commercial, retail, and luxury apartments.
BVN was given the architectural reins after the jury at the City of Sydney Design Excellence Competition voted unanimously for their design in early 2023.
Prolific Australian developer Billbergia, in partnership with Homes NSW, is on track to deliver 1,300 new dwellings across Greater Sydney by 2026, including critically needed new social and affordable housing providing new homes for 3,000 people.
With a combined value of over $1.3 billion and spanning three mixed-tenure developments at Lidcombe, West Ryde and Arncliffe, all three projects are designed, funded and delivered by Billbergia on NSW Government land sites adjacent to key transport hubs.
Both Lidcombe and West Ryde have been delivered in the past six months and over 1,300 residents have already moved into their 526 new homes. Both of the successful developments are working in partnership with Evolve Housing for tenancy management services.
What are the new apartments in Sydney coming up in 2024?
Sydney's off the plan apartment market has been buoyant so far in 2024.
There has been plenty of activity in Sydney's off the plan apartment development space, far-reaching across the whole of the city.
Records were broken in Bondi Beach, while huge, suburb-shaping precincts are being delivered by Sekisui House Australia in Norwest and Deicorp in the Hills District.
Lendlease completed One Sydney Harbour in Barangaroo, home to Australia's most expensive piece of real estate (a $140 million, three-level penthouse). Aqualand also welcomed buyers to its flagship North Sydney apartment development, AURA by Aqualand.
Top Spring Australia, as well as First Quadrant and Qualitas, have enjoyed success at each of their respective multi-stage developments. Top Spring's The Newlands continues to break records in St Leonards, while First Quadrant and Qualitas quickly sold out the first stage of their Willoughby Grounds project, breaking apartment sale prices for the area in the process.
Developers are now waiting on the weather, preparing their marketing material during winter, waiting to push the go button come September and get their projects in market for the famous spring and summer selling seasons Sydney so famously enjoys.
We've taken a look at the best to come for the rest of 2024.
Who: Clutch Capital
Where: 141-155 Curlewis Street, Bondi Beach
What: Avra, Bondi Beach - 15 luxury apartments above retail
Clutch Capital is set to make a big splash in the Eastern Suburbs market later this year.
As they approach completion of their luxury Bellevue Hill apartment developer MIRA Bellevue Hill, Clutch will launch Avra just 15 luxury apartments at 141-155 Curlewis Street, about 150 metres from Campbell Parade.
Each of the apartments, designed by PBD and with interiors by Woods Bagot, will have three bedrooms, except the sprawling four-bedroom penthouses. Apartment sizes start from over 170 sqm.
The apartments will sit above seven new retail tenancies.
Who: Clutch Capital
Where: 440 Edgecliff Road, Edgecliff
What: Margaux, Edgecliff - Seven luxury apartments
Clutch is planning to go back to back in the affluent East. They're looking at launching Margaux, another luxe apartment development in Edgecliff, around the same time as Avra.
Margaux will comprise just seven three-bedroom apartments, not far from Woollahra Village.
There's a huge focus on the interiors at Margaux. Clutch has used Decus, a local interior design firm who has an enviable portfolio working on some of Sydney's finest homes. Margaux will be the first ever mutli-residential off the plan apartment development Decus has worked on.
Four three-bedroom apartments and three penthouse-size apartments will be on offer, each extending onto generously sized balconies or terraces, positioned to flow from primary living spaces and take advantage of the site's northernly aspect.
A communal open space will include a pool, lounge and outdoor seating. CBRE is marketing both Avra and Margaux, Avra
Who: Abadeen & PERIFA
Where: Putney
What: Putney Wharf Residences - 49 apartments, 18 townhouses, and a 36-berth marina
Fabrizio Perilli's PERIFA is partnering up with Justin Brown's Abadeen to create a new waterfront precinct in Putney, intending on creating a premium mixed-use development on the harbour.
The project, Putney Wharf Residences, spans 15,870 sqm and includes the refurbishment of Halvorsen's boatshed to create a waterfront dining and commercial area, two three-level apartment buildings with 49 one, two and three-bedroom apartments, and 18 four-bedroom townhouses.
Part of the offering development will see 36 new marina berths created.
Joe Tack, Abadeen's Chief Operating Officer, sees the project as a rare opportunity to regenerate a significant infill site with 300 metres of waterfrontage.
Who: Fortis
Where: Onslow & Billyard Avenue, Elizabeth Bay
What: Regency House - 22 luxury apartments
Luxury developer Fortis is set to develop its first project in Elizabeth Bay.
Regency House will home 22 apartments across two buildings that will front two of Elizabeth Bay's best streets, Onslow and Billyard Avenue.
The two strikingly distinctive buildings by Smart Studio will have three two-bed apartments, 18 three-beds, and sole four-bedroom apartment.
Private rooftop terraces for the penthouses of 10 Onslow and 21C Billyard will have barbecue and lounge areas and private pools.
Who: Deicorp
Where: 33 Hope Street, Melrose Park
What: Melrose Central - 494 apartments above mixed-use precinct
Busy Sydney developer Deicorp is turning a 55-hectare patch of dirt just outside of Parramatta into a full mixed-use community.
Deicorp, who are teaming up with fellow developer PAYCE on the huge $700 million project dubbed Melrose Central, engaged Turner Architects to draw up the plans.
Melrose Central will see 494 apartments built across six buildings, above commercial, retail, and medical tenancies at street level and in the podium.
Melrose Central will feature a major supermarket and several specialty stores, as well as outdioor dining spaces and health and wellness facilities. It will be well-connected to the rest of Sydney with the second stage of the Parramatta Light Rail to run right outside.
Who: DASCO
Where: Waterloo
What: Mixed-use precinct with 373 apartments and 17 retail spaces
Builder developer DASCO is looking to launch their recently acquired Waterloo masterplan.
DASCO, a 4.5-star iCIRT-rated builder, secured a 1.7-hectare site at 903-921 Bourke Street, a former industrial site on the corner of Bourke, McEvoy and Young streets, from Melbourne developer Dahua earlier this year.
It was sold with development approval for a new mixed-use precinct with around 370 apartments and retail and commercial spaces.
The six new buildings, not including the two heritage-listed buildings that will be restored, will be focused around a central plaza with retail space and new parks with lush landscaping and multiple public art installations.
Two buildings will flank Young Street, one being the tallest tower proposed. Described as a stepped tower with family-targeted terraces that address the park, the building will have 147 apartments across its 20 levels.
Next door will be a six-storey plaza building with 23 apartments, defined as "quirky" by Bates Smart, while along Young Street there will be two other buildings, one with 21 apartments and the other with 32 apartments, designed by Richards and Spence who worked in collaboration with Bates Smart on the tower and the plaza.
"The quirky 6-storey plaza building defines the heritage square, with clear reference to the industrial brick buildings of the past," the design statement as part of the 2022 development submission noted.
There will be a further two buildings facing Bourke Street, designed by architect MHNDU in collaboration with Fieldwork. They will have a combined 150 apartments, taking the total number of apartments across the precinct to 373 apartments.
Who: Orosi
Where: 1 The Avenue, Rose Bay
What: 50 luxury apartments next to Royal Sydney Golf Club
Eastern Suburbs developer Orosi is taking on its largest project to date, which will also be one of the largest the affluent Rose Bay has seen in years.
The integrated developer, who serves as both the architect and builder of its projects, will be launching the new development in the coming months, some 50 two and three-bedroom apartments across a structure that ranges from four to five levels.
There will be 34 two-bedroom apartments and 16 three-bed apartments.
Orosi, led by Founder and Managing Director Hamid Samavi, secured the vast 3,000 sqm gateway site, a two year-long amalgamation of several lots over The Avenue, Old South Head Road and William Street, last year.
The building, across the road from the Royal Sydney Golf Club, will be divided into two adjacent, inter-connected buildings to reduce its overall bulk, setting back the development from The Avenue and William Street boundaries.
"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers," Samavi told Urban, adding that the vision is to create an iconic landmark that serves as a welcoming gateway to Rose Bay.
"OROSI Rose Bay will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and Sydney’s most iconic wellness centre," Samavi said.
Who: Level 33
Where: 19-21 Bourrool Street, Kiama
What: 21 luxury three-bedroom apartments
Prominent Wollongong developer Level 33 will be launching its first development in Kiama.
PBD designed the four-level building with just 15 apartments above two levels of basement parking at 19-21 Bourrool Street, at the south end of the Kiama Surf Beach.
The proposed residential flat building is designed to respond cohesively to the existing and desired future character of the neighbourhood streetscape with appropriate build form and material palette that respond thoughtfully to the immediate context.
The 15 three-bedroom apartments are inline with the apartment sizes within the area, architect PBD suggests. They said the proposal reflects current market demands in relation to typologies and living patterns in the local area.
They have another project in Kiama, having acquired the Akuna St car park for $28 million last year. They’re planning a shoptop development with 82 apartments above a retail precinct with 24 tenancies, two major supermarkets, and 344 basement car parking spaces.
