Urban.com.au’s insight into new and off-the-plan developments in Sydney
If you're in search of new and off-the-plan developments 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 developments in Sydney with us.
New Developments 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 developments 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 Developments 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 Developments in Sydney selling in 2024
The biggest news in 2024 in the Melbourne off-the-plan apartment market and the Melbourne off-the-plan townhouse market has come from the likes of renowned and tenured property 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 developments 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 is onto their next project 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.
