370 Edgecliff Road, Edgecliff

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.

<h2>What happened in Sydney’s off the plan apartment market in June</h2>

The biggest news from the off the plan market in Sydney came from North Sydney where&nbsp;<a href="https://www.urban.com.au/developers/aqualand-australia" target="">Aqualand</a>&nbsp;officially opened their mixed-use precinct,&nbsp;<a href="https://www.urban.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>.

Aqualand Managing Director Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

Aqualand’s Head of Sales and Marketing, Alex Adams, said AURA’s completion is the start of an exciting new phase in the project’s customer journey.

<img alt="Aqualand officially opens landmark North Sydney apartment development, AURA by Aqualand" 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/DSC03775.jpg?VersionId=ysntkriVCiHlU.BEG9FHAm0MAk7b4T3m" />

“AURA is no longer an off the plan project," Adams says.

"It’s now complete and move-in ready. This removes any uncertainty in a potential buyer’s mind about purchasing off-the-plan, as they now have no doubt about the build quality. They can now see and feel the construction standards we insist on first-hand."

Towering 28 levels above the streetscape and commanding stunning views of Sydney Harbour, the striking $1 billion <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>-designed mixed-use residential community features 386 apartments above a richly landscaped community precinct, including a two-level curated food and beverage podium with four world-class venues operated by their hospitality business, Etymon Projects.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/aqualand-officially-opens-landmark-north-sydney-apartment-development-aura-by-aqualand">Aqualand officially opens landmark North Sydney apartment development, AURA by Aqualand</a>

[smartcode_project:default project_id=30959 project_image_fid=284317]

One of the next mixed-use precincts to complete across Sydney is <a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a> in <a href="https://www.urban.com.au/developments/merrylands-nsw-2160">Merrylands</a>&nbsp;by <a href="https://www.urban.com.au/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>

Mason &amp; Main has been designed to be the leader of gentrification in the area, with not only an influx of well-designed apartments by Woods Bagot, but to create a central precinct that goes beyond the four walls of the home.

The five towers, a mix of build-to-rent and build-to-sell, will sit above a cool 'Eat Street', which is expected to be open later this year, with a string of hospitality venues and retailers set to create an all-round lifestyle hub for both residents of Mason &amp; Main as well as the wider community.

[smartcode_project:default project_id=31751 project_image_fid=161007]

Coronation just revealed a completed two-bedroom apartment so prospective purchasers can see exactly what they're buying.

Coronation is expecting construction to be completed by the end of the year, with buyers moving in shortly after.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/inside-mason-main-merrylands-urbans-display-apartment-tour-of-coronations-latest-placemaking-project">Inside Mason &amp; Main Merrylands: Urban's display apartment tour of Coronation's latest placemaking project</a>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/mW-jADz8zKY?si=MjAHmlYGMbf2ebeB" title="YouTube video player" width="560"></iframe>

There were plenty of development applications across Greater Sydney in June, particularly in Sydney's east. The most interesting plans came from <a href="https://www.urban.com.au/new-apartments/rose-bay-nsw-2029">Rose Bay</a> where Eastern Suburbs developer <a href="https://www.urban.com.au/developers/orosi">Orosi</a> is taking on its largest project to date, filing plans for a new shoptop development at the gateway to Rose Bay.

The integrated developer, who serves as both the architect and builder of its projects, designed the building to offer 50 apartments spanning across a structure that ranges from four to five levels.

There will be 34 two-bedroom apartments and 16 three-bed apartments.

<img alt="First look exclusive: Orosi plan Rose Bay shoptop on key gateway 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/Screenshot%202024-06-19%20at%2011.09.02%E2%80%AFAM.png?VersionId=t.b8xaySLGRrwkYlGmrxHdsEI41l7Ub1" />

It was last year that Orosi, led by Founder and Managing Director Hamid Samavi, secured the vast 3,000 sqm site, a two year-long amalgamation of several lots over The Avenue,&nbsp;<a href="https://www.urban.com.au/buildings/dusk-625-627-old-south-head-road-rose-bay">Old South Head Road</a>&nbsp;and William Street.

Samavi told Urban the vision is to create an iconic landmark that serves as a welcoming gateway to&nbsp;<a href="https://www.urban.com.au/new-apartments/rose-bay-nsw-2029">Rose Bay</a>.

"OROSI&nbsp;<a href="https://www.urban.com.au/new-apartments/rose-bay-nsw-2029">Rose Bay</a>&nbsp;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.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">First look exclusive: Orosi plan Rose Bay shoptop on key gateway site</a>

There were equally striking development plans filed in the nearby Woollahra where&nbsp;Rafi Assouline's <a href="https://www.urban.com.au/developers/hsn-property-group">HSN Property Group</a> is seeking to build a luxury seven-level building at 370 Edgecliff Road.

<img alt="First look exclusive: HSN submit plans for $22 million Woollahra apartment development" 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/Plan%20-%20Photomontage%20-%20DA2024%20206%201%20-%20370%20Edgecliff%20Road%20WOOLLAHRA.JPG?VersionId=5.rpeG78s_EMjsOAAE97E7Bp.lJxBDyw" />

HSN, who has its own building arm, has proposed 19 two and three-bedroom apartments on the X sqm site near&nbsp;the Wolper Jewish Hospital and Matt Moran's The Chiswick.

<a href="https://www.urban.com.au/architects/pbd-architects">PBD Architects</a>&nbsp;has drawn up the plans for the building that "aims to blend with the existing streetscape of Edgecliff Road, incorporating heritage-style elements with a contemporary approach characterised by a symmetrical design, grounded columns, natural stone and zinc for the façade to create a timeless aesthetic."

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-hsn-submit-plans-for-23-million-woollahra-apartment-development">First look exclusive: HSN submit plans for $22 million Woollahra apartment development</a>

The highest density development submitted across the east was in Bondi Junction, by one of the suburb's most prolific developers.

No single developer has contributed to the apartment market in <a href="https://www.urban.com.au/developments/bondi-junction-nsw-2022">Bondi Junction</a> more than local developer <a href="https://www.urban.com.au/developers/stargate-property">Stargate Property Group</a>.

<img alt="First look exclusive: Stargate seek new Oxford St, Bondi Junction apartment development" 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%202024-06-13%20at%2012.22.37%20pm.png?VersionId=rIvhIY1K6KnNI8c07UXlJ01Bd.hzPUTo" />

Currently building Centennial Collection, Stargate is staying on Oxford Street where they've submitted $80 million plans for two towers at 362-384 Oxford Street, an amalgamated site on the corner of Oxford and Newland Street.

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 amenities, as well as commercial spaces on the first two levels.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-stargate-seek-new-oxford-st-bondi-junction-apartment-development">First look exclusive: Stargate seek new Oxford St, Bondi Junction apartment development</a>

North of the bridge,&nbsp;<a href="https://www.urban.com.au/developers/twt-property-group" target="">TWT</a>&nbsp;revealed another stage of its&nbsp;$1 billion-plus masterplan in <a href="https://www.urban.com.au/developments/st-leonards-nsw-2065">St Leonards</a>.

They submitted plans for what was initially called The Collective, but on recent documents was dubbed TWT Village. The two mixed-use buildings will home 137 apartments above retail, hospitality, and commercial office space.

The buildings will be developed on a&nbsp;4210 sqm site encompassing 55-69&nbsp;<a href="https://www.urban.com.au/new-apartments/55-61-chandos-street-st-leonards" target="">Chandos Street</a>&nbsp;and 71-89&nbsp;<a href="https://www.urban.com.au/new-apartments/55-61-chandos-street-st-leonards" target="">Chandos Street</a>.

<img alt="First look exclusive: TWT expand $1 billion St Leonards precinct" 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/Chandos%20Street%20ST%20LEONARDS.png?VersionId=wxYaIEyhbjAT3IfnhKueA9QYvlGQbHkE" />

<a href="https://www.urban.com.au/architects/smart-design-studio">Smart Design Studio</a> has put together plans for the two 11 and 12-level buildings, suggesting in their design statement that the large mixed-use sits within the evolving town centre of St Leonards and is a wonderful opportunity to create a distinctive and appealing architectural and urban response.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-exclusive-twt-expand-1-billion-st-leonards-precinct">First look exclusive: TWT expand $1 billion St Leonards precinct</a>

Double Bay developer SJD is heading north, to Northbridge, where they're proposing a&nbsp;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.

&nbsp;

<img alt="First look: Northbridge Hotel to make way for new mixed-use development" 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%202024-06-11%20at%2012.30.45%20pm.png?VersionId=DVUYXIVF5tvi367ZUelKG9xjVxZbTkMv" />

<a href="https://www.urban.com.au/architects/bates-smart" target="">Bates Smart</a> 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.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-northbridge-hotel-to-make-way-for-new-mixed-use-development">First look: Northbridge Hotel to make way for new mixed-use development</a>

Joel Robinson

City Beat July 2024: Sydney units continue to outperform houses

Rafi Assouline's&nbsp;HSN Property Group&nbsp;is set to develop a striking new apartment development in Woollahra.

HSN, who has its own building arm, is seeking to develop a seven-level building at <a href="/new-apartments/370-edgecliff-road-edgecliff">370 Edgecliff Road</a>, a site that had previously been earmarked for a new development by TOGA.

The new $23 million development, near the Wolper Jewish Hospital and Matt Moran's The Chiswick, will comprise just 19 two and three-bedroom apartments, four of which will be reserved as affordable housing.

Currently on the site is a three-level, 16-apartment building.

<img alt="HSN" data-entity-type="file" data-entity-uuid="7f4c3d28-097d-4d69-8923-dd72967a45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-20%20at%204.03.55%E2%80%AFPM.png?VersionId=4Kcexgbg2vsXW725vpl6IAnhw7KDOWkP" />

<a href="https://www.urban.com.au/architects/pbd-architects">PBD Architects</a>&nbsp;has drawn up the plans for the building that "aims to blend with the existing streetscape of Edgecliff Road, incorporating heritage-style elements with a contemporary approach characterised by a symmetrical design, grounded columns, natural stone and zinc for the façade to create a timeless aesthetic."

Designed to meet the needs of medium-sized families and downsizers from the local area, the north-facing apartments range from 105 sqm to 191 sqm.

The landscape design, by Danger Barin Smith, reflects the ecological character of Woollahra, using a mix of species to provide privacy and seasonal shading.&nbsp;

A concierge lobby will enhance residents' sense of community and security.

<a href="https://www.urban.com.au/developers/hsn-property-group">HSN Property Group</a> will also employ sustainable initiatives, including using energy-efficient appliances, and low-maintenance materials, and providing on-site facilities for recycling and rainwater reuse.&nbsp;

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