Orosi Rose Bay - 1 The Avenue, Rose Bay

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au

Rose Bay has long stood as one of Sydney's most prestigious Harbour suburbs, attracting those seeking both postcard views and a vibrant lifestyle.

Price growth has been consistent, solidifying its reputation in the trophy market, highlighted by a record house sale that reached $45 million in 2021.

Historically, the new apartment market in <a href="https://www.urban.com.au/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Last year, Rose Bay recorded 69 house sales exceeding $3 million, compared to just 29 unit sales, according to CoreLogic. However, that gap is narrowing; as of 2024, there have already been 36 house sales over $3 million and 32 unit sales, signaling a growing supply and increasing interest in new apartment living.

Indeed that is reflected in the data from MatterFact, the new data from Urban.com.au.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

The metrics driving new apartments in Rose Bay are largely influenced by the high cost of land, the cost heightened due to Rose Bay's proximity to the beach and the harbour, its charming village atmosphere, and the prestigious Royal Sydney Golf Club, one of Australia’s most exclusive golf courses and host of the Australian Open.

While land prices are high, new apartments can command premium prices due to the strength of the local housing market and the relative undersupply in the new apartment sector.

Generally, most new developments tend to have anywhere between 10 to 15 apartments, given the strict height limits in place by the Woollahra Council.

The newest apartments in Rose Bay come from the likes of regular Eastern Suburbs developers Stargate Property and Fortis.

Builder-developer Stargate is nearing completion of its Everose development on Old South Head Road.

Only recently launched to market, Everose comprises 26 two and three-bedroom apartments with outdoor garden courtyards or terraces and kitchens kitted out with&nbsp;premium V-Zug appliances.

[smartcode_project:default project_id=113391 project_image_fid=277970]

<a href="https://www.urban.com.au/developers/fortis">Fortis</a> is soon to start welcoming buyers to its completed Atlas development on Spencer Street.

Recently completed by <a href="https://www.urban.com.au/builders/lords-group">Lords Group</a>, <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a> has just 12 apartments designed by MHN Design Union.

Fortis is already working on its fourth multi-residential development in Rose Bay. Last month, Urban revealed the development arm of Pallas Capital lodged plans for its recently acquired Ian Street site.<img alt="Fortis" data-entity-type="file" data-entity-uuid="e67d85e4-9123-4311-8983-278550d7cf93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%209.44.14%E2%80%AFAM_0.png?VersionId=Dq_i3_UCtaUTxGQXGSGZFXXCh__9sLNK" />

They're planning 12 apartments, 11 three-bed and one two-bed, across a five-level building at 10-12 Ian Street. They've had&nbsp;<a href="https://www.urban.com.au/architects/mhn-design-union">MHN Design Union</a>&nbsp;handle the architecture again.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/lords-group-to-bring-scaffolding-down-at-fortis-atlas-in-rose-bay">First look exclusive: Fortis plan new Rose Bay apartments</a>

One of the most exciting developments Rose Bay has seen in years looks set for the fringe of the Royal Sydney Golf Club.

<a href="https://www.urban.com.au/developers/orosi">Orosi</a>, a fully integrated developer with its own construction and architecture arms, will be developing a part four, part five-level building on the corner of The Avenue, Old South Head Road, and William Street.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="1f11577c-ef7d-4e9d-9f9f-70fd8bea5adf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2010.00.15%E2%80%AFAM.png?VersionId=86DuGR5PD9ZhXrqbJjKmZKYaeIg6FeMM" />

On offer for buyers will be 50 two and three-bedroom apartments. The unrepeatable site spans over 3,000 sqm.

The apartments will sit above a new vegan cafe, restaurant, and a commercial space that will act as the display suite during construction, before turning into Orisi's new office on completion.

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>

Joel Robinson

Downsizers finally start to get their chance in Rose Bay as new apartment supply grows

As Sydney exits winter, the Eastern Suburbs new apartment market is starting to hot up once more.

Despite the chill setting in, enquiry across Australia's most affluent region remained strong.

Q1 2024 saw the highest level of enquiries for the Eastern Suburbs on Urban since 2022, surpassing the previous peak in Q4 2023, according to data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Urban.com.au's new data product.

While demand cooled from the Q1 spike, Q2 2024 was comparable with Q4 2023, showing a prolonged increase in demand in the last three quarters in the Eastern Suburbs.

Demand in Q1 2024 was primarily driven by the upper end of the market. There were more enquiries for apartments between $2.5 million and $4 million than there were for apartments priced under $2.5 million.

Q2 saw a shift back to affordability, with the final release of apartments at Crown Group's <a href="https://www.urban.com.au/developments/eastlakes-nsw-2018">Eastlakes</a> apartment development, <a href="https://www.urban.com.au/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a>. The two-bedroom apartments in The Grand Residences are selling for well below $1 million.

Due to a shareholder dispute, Crown Group was placed into provisional liquidation in August 2023. The apartments are now being released to the market in an ordinary wind-down of the Group. &nbsp;

The first stage of the project, above a vibrant precinct with 15 retailers, features Crown Group’s signature high-end amenity that includes a 25-metre heated pool, gym, landscaped gardens, BBQ facilities, and rooftop deck with panoramic views.

[smartcode_project:default project_id=7652 project_image_fid=262585]

<a href="https://www.urban.com.au/developments/bondi-junction-nsw-2022">Bondi Junction</a> proved to be the most popular eastern suburb in Q2 2024. It was the most searched postcode on Urban in the three months to July, followed by <a href="https://www.urban.com.au/developments/rose-bay-nsw-2029">Rose Bay</a>, <a href="https://www.urban.com.au/developments/bellevue-hill-nsw-2023">Bellevue Hill</a> and <a href="https://www.urban.com.au/developments/maroubra-nsw-2035">Maroubra</a>.

<a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a>, at the eastern end of Bondi Junction bordering Centennial Park, is the only&nbsp;new development in market in the area. The two adjoining 10-level buildings with 73 apartments feature two swimming pools, one on the roof and one winter pool, protected on the side of one building.

The Centennial Collection is on target to be completed by late 2025.

[smartcode_project:default project_id=136076 project_image_fid=212615]

Its developer, Stargate, <a href="https://www.urban.com.au/news/nsw/first-look-exclusive-stargate-seek-new-oxford-st-bondi-junction-apartment-development">filed plans for another Bondi Junction site</a>&nbsp;recently, just 400 metres down the road from The Centennial Collection. They're proposing 111 apartments across a 15-level building designed by SJB at 362-384 Oxford Street, on the corner of Oxford and Newland Street.

There's been significant newsworthy activity across the Eastern Suburbs in Q2 2024, however the most significant was probably from Bondi Beach where the penthouse atop Hall &amp; Campbell at 124-126 Campbell Parade, developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group, <a href="https://www.urban.com.au/news/nsw/hall-campbell-sets-new-apartment-record-in-bondi-beach">sold for a record $105,000 per square metre</a>.

The $23 million, five-bedroom apartment sits atop the building that is currently under construction by Trescon.

The redevelopment of the&nbsp;<a href="https://www.urban.com.au/news/nsw/coogee-bay-hotel-redevelopment-gets-the-green-light-after-five-years-of-planning">Coogee Bay Hotel into a mixed-use development</a> with 58 new apartments above 11 new retail spaces was greenlit, while builder, developer, and architect powerhouse <a href="https://www.urban.com.au/developers/orosi">Orosi</a> sought to create <a href="https://www.urban.com.au/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">one of the largest developments</a> Rose Bay has seen in decades.

<img alt="Orisi" data-entity-type="file" data-entity-uuid="a20f43b1-e0f0-41a3-847d-2e48134b7cab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-05%20at%2010.32.52%E2%80%AFAM.png?VersionId=vENx8CogDGDxxynmUV4eXN_0lctM.MSq" />The Rose Bay plans submitted by Orosi for <a href="https://www.urban.com.au/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">1 The Avenue</a>. Image supplied

At the halfway point in the year, we pulled together the top new proejcts that are expected to be live and in market before the end of 2024.

To see that list, which covers projects in Bondi, Edgecliff and Rose Bay, <a href="https://www.urban.com.au/news/nsw/the-eight-hottest-off-the-plan-apartment-developments-coming-to-sydney-in-2024">click here</a>.

What are new apartment buyers in Sydney's Eastern Suburbs looking for? MatterFact Insight

Sydney's off the plan apartment market has been buoyant so far in 2024.

The expectation at the start of the year was that there would be a spike in buyer sentiment with more positive news about inflation and interest rates, and buyers would come flooding back into the sector.

It's not quite panned out that way. With a cut likely pushed into 2025 or further, the&nbsp;spike developers and project marketers were forecasting failed to materialize.

That being said, there was 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 <a href="https://www.urban.com.au/developers/sekisui-house-australia?referrer=Sekisui%20House%20Australia">Sekisui House Australia</a> in <a href="https://www.urban.com.au/developments/norwest-nsw-2153">Norwest</a> 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&nbsp;<a href="https://www.urban.com.au/news/nsw/aqualand-officially-opens-landmark-north-sydney-apartment-development-aura-by-aqualand">welcomed buyers</a> to its flagship North Sydney apartment development, AURA by Aqualand.

<a href="https://www.urban.com.au/developers/top-spring-australia">Top Spring Australia</a>, as well as First Quadrant and Qualitas, have enjoyed success at each of their respective multi-stage developments. Top Spring's <a href="https://www.urban.com.au/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> continues to break records in <a href="https://www.urban.com.au/new-apartments/st-leonards-nsw-2065">St Leonards</a>, while First Quadrant and Qualitas quickly sold out the first stage of their <a href="https://www.urban.com.au/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a> 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.

<h2>Who: Clutch</h2>

<h3>Where: 135 – 155 Curlewis St, Bondi Beach</h3>

<h3>What: Avra, Bondi Beach - 18 luxury apartments above retail</h3>

Clutch 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 <a href="https://www.urban.com.au/new-apartments/avra-bondi-beach-141-155-curlewis-street-bondi-beach-nsw-2026">Avra</a> just 18 luxury apartments at 141-155 Curlewis Street, about 150 metres from Campbell Parade.

<img alt="Clutch Bondi" data-entity-type="file" data-entity-uuid="4d98c3f3-cb6f-4955-a341-f29c2626d96c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%2011.42.12%E2%80%AFAM.png?VersionId=TSVxw6x4qCOMpQsjBD48HoIAfxiUNiK3" />

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 three new retail tenancies.

<h2>Who: Clutch&nbsp;</h2>

<h3>Where: 440 Edgecliff Road, Edgecliff</h3>

<h3>What: Margaux, Edgecliff - Eight luxury apartments</h3>

Clutch is planning to go back to back in the affluent East. They're looking at launching Margaux, another luxe development in Edgecliff, around the same time as Avra.

<a href="https://www.urban.com.au/new-apartments/margaux-edgecliff-440-edgecliff-road-edgecliff">Margaux</a> will comprise just eight three-bedroom apartments, not far from Woollahra Village.

<img alt="Margaux" data-entity-type="file" data-entity-uuid="272a4640-8866-4260-93ca-5e1c2a2c8657" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%2011.42.28%E2%80%AFAM.png?VersionId=yHTJjKzl.ECr4sVW7LvFoxeOzc2irTkc" />

There's a huge focus on the interiors at Margaux. <a href="https://www.urban.com.au/developers/clutch-capital">Clutch</a> 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.

On offer will be four full-floor, penthouse-style apartments and four split-level apartments, 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.

<h2>Who: Abadeen &amp; PERIFA</h2>

<h2>Where: Putney</h2>

<h2>What: Putney Wharf Residences - 49 apartments, 18 townhouses, and a 36-berth marina</h2>

Fabrizio Perilli's&nbsp;<a href="https://www.urban.com.au/developers/perifa">PERIFA</a> is partnering up with Justin Brown's&nbsp;<a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a> to create a new waterfront precinct in <a href="https://www.urban.com.au/new-apartments/putney-nsw-2112">Putney</a>, intending on creating a premium mixed-use development on the harbour.

<img alt="Abadeen" data-entity-type="file" data-entity-uuid="a8a03994-4959-491f-b60e-936f5937f237" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%203.47.08%E2%80%AFPM.png?VersionId=xr3_247oqqBhLhYeuipQEukP4bz1X736" />

The project, <a href="https://www.urban.com.au/new-apartments/putney-wharf-residences-20-waterview-street-putney">Putney Wharf Residences</a>, 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.

<h2>Who: Fortis</h2>

<h3>Where: Onslow &amp; Billyard Avenue, Elizabeth Bay</h3>

<h3>What: Regency House - 22 luxury apartments</h3>

Luxury developer&nbsp;<a href="https://www.urban.com.au/developers/fortis" target="">Fortis</a>&nbsp;is set to develop its first project in&nbsp;<a href="https://www.urban.com.au/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>.

Regency House will home 22 apartments across two buildings that will front two of Elizabeth Bay's best streets, Onslow and Billyard Avenue.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="9647bb82-808b-4436-81ef-849d0573208d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-12%20at%209.07.32%E2%80%AFAM.png?VersionId=Cbbu7DLIGQEkX74O5N_SdRufhxzREv.T" />

The two strikingly distinctive buildings by Smart Studio will have three two-bed apartments, 18 three-beds, and sole four-bedroom apartment.&nbsp;

Private rooftop terraces for the penthouses of 10 Onslow and 21C Billyard will have barbecue and lounge areas and private pools.

<h2>Who: Deicorp</h2>

<h2>Where: 33 Hope Street, Melrose Park</h2>

<h2>What: Melrose Central - 494 apartments above mixed-use precinct</h2>

Busy Sydney developer <a href="https://www.urban.com.au/developers/deicorp?referrer=Deicorp">Deicorp</a> 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 <a href="https://www.urban.com.au/developers/payce-consolidated-limited">PAYCE</a> on the huge $700 million project dubbed <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, engaged Turner Architects to draw up the plans.

<img alt="Melrose" data-entity-type="file" data-entity-uuid="5810a2d4-f501-4d62-9ede-21463d04b2b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%202.25.43%E2%80%AFPM.png?VersionId=7Zsxhf6dxCC4fcl52asIzy0B2q3PTVOJ" />

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a> 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&nbsp;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&nbsp;Parramatta Light Rail to run right outside.

<img alt="Melrose" data-entity-type="file" data-entity-uuid="960ab82c-f0aa-4656-90de-e16770ff6179" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%202.26.21%E2%80%AFPM.png?VersionId=rANByiL20Ao1YGNNUuyU.i_3dq8S_dsG" />

<h2>Who: DASCO</h2>

<h3>Where: Waterloo&nbsp;</h3>

<h3>What: Mixed-use precinct with 373 apartments and 17 retail spaces</h3>

Builder developer DASCO is looking to launch their recently acquired Waterloo masterplan.

<a href="https://www.urban.com.au/builders/dasco-australia">DASCO</a>, 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&nbsp;development approval for a new mixed-use precinct with around 370 apartments and retail and commercial spaces.

<img alt="Exclusive: DASCO secure Waterloo mixed-use development from Dahua Group" 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%202024-04-03%20at%209.02.48%20am.png?VersionId=0oXgeER5QqAkDglZlmWTmfB120pERqTn" />The plans submitted by Dahua Group in 2022

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&nbsp;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.

<img alt="Exclusive: DASCO secure Waterloo mixed-use development from Dahua Group" 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://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/pictures/article-images/screen_shot_2022-02-02_at_8.01.25_am.png" />The plans submitted by Dahua Group in 2022

"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.

<h2>Who: Orosi</h2>

<h3>Where: 1 The Avenue, Rose Bay</h3>

<h3>What: 50 luxury apartments next to Royal Sydney Golf Club</h3>

Eastern Suburbs developer <a href="https://www.urban.com.au/developers/orosi">Orosi</a> 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 <a href="https://www.urban.com.au/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">launching the new development</a> in the coming months, some 50 two and three-bedroom apartments&nbsp;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" />

Orosi,&nbsp;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,&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, last year.

The building,&nbsp;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,"&nbsp;Samavi told Urban, adding that&nbsp;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.

<h2>&nbsp;Who: Level 33</h2>

<h3>Where: 19-21 Bourrool Street, Kiama</h3>

<h3>What: 21 luxury three-bedroom apartments&nbsp;</h3>

Prominent Wollongong developer <a href="https://www.urban.com.au/developers/level-33">Level 33</a> will be launching its first development in Kiama.&nbsp;

PBD designed the four-level building with just 15 apartments above two levels of basement parking at <a href="https://www.urban.com.au/new-apartments/19-21-bourrool-street-kiama">19-21 Bourrool Street</a>, 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.

<img alt="Level 33" data-entity-type="file" data-entity-uuid="3d2a4a8a-4c84-4ce1-8718-6ad7cc9d9380" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-12%20at%201.08.49%E2%80%AFPM.png?VersionId=U_XEy9g2y4nMgaEDvhrlsMFOSimR38hC" />

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.

The eight hottest off the plan apartment developments coming to Sydney in 2024

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>

City Beat July 2024: Sydney units continue to outperform houses

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

Eastern Suburbs developer Orosi is taking on its largest project to date, filing plans for a new shoptop development in the gateway to Rose Bay.

It was last year that <a href="https://www.urban.com.au/developers/orosi">Orosi</a>, 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, Old South Head Road and William Street. Now they've submitted plans to the Waverley Council for a mixed-use development that will be the biggest development Rose Bay has seen in years.

Samavi told Urban the vision is to create an iconic landmark that serves as a welcoming gateway to <a href="https://www.urban.com.au/developments/rose-bay-nsw-2029">Rose Bay</a>.

"<a href="https://www.urban.com.au/new-apartments/orosi-rose-bay-1-the-avenue-rose-bay">OROSI Rose Bay</a> 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.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="0e8033e8-04b8-41f8-8d95-f5eaff6a4a15" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%201.06.48%E2%80%AFPM.png?VersionId=knJBmXTBWJMvkbIIAMsO6wyjiol1ZWwp" />

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.

"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers."

The building,&nbsp;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.

<img alt="Orisi" data-entity-type="file" data-entity-uuid="3f31d8ea-1711-489a-98aa-878f20f4fdb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%2010.47.09%E2%80%AFAM.png?VersionId=BpcL219t1ZQqAQGQNcW92WdnGlhJp8I4" />

OROSI Rose Bay will replace a mix of commercial and residential properties from the mid to late 20th century.

Urbis said the demolition of all structures within the subject site would provide the opportunity for a cohesive, contemporary new development that complements the surrounding streetscape.

"The proposal would revitalise the site with new opportunity for residential, commercial and retail spaces, and reactivate the Old South Head Road street frontage with a cafe, restaurant, and a modest commercial space," Urbis noted in their submission.

"The proposed new mixed-use development has been designed to be complementary to the existing character of the surrounding streetscape, including its height, built envelope, inclusion of greenery and landscaping, utilisation of the existing slope, colour palette and finishes."

Orosi's push for a bakery-style cafe stems from the site's long history of having a bakery presence, dating back over a century.

<img alt="Rose Bay bakery" data-entity-type="file" data-entity-uuid="639041bb-3e46-480d-a37f-9ada09e1cd79" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%201.00.09%E2%80%AFPM.png?VersionId=cvUkjkM7Ug0GnyDT2bYzO12DHAgMA16X" />The Rose Bay Bakery on The Avenue, pictured in 1920. Source: State Library of NSW

Samavi said the bakery currently operating from the development site is the only kosher bakery in Sydney.

"We wanted to respect the context of the site and keep the same kosher bakery which has become an important part of Rose Bay," Samavi added.

Orosi's largest development to date was in Bellevue Hill where they created a 25-apartment development on Bellevue Road. Their most recent completion was of Orosi South Cronulla, a collection of 18 luxury apartments, while currently they're developing a boutique building of just 11 apartments in Randwick.

"To us, luxury is not just about natural marble and exquisite finishes,"&nbsp;Samavi said.

"We put a great deal of effort into sustainability, achieved through the passive design of the building to minimise energy consumption. This includes provisions such as double-glazed windows, UV-protected glass, proper insulation for the walls, and airtight joints for windows and walls, among other features.

"Additionally, each unit is equipped with a heat exchanger to ensure proper cross-ventilation at all times, thereby preventing any mould formation within the units. Thermal comfort and air quality is a priority for us, impacting residents as significantly as the quality of the finishes."

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