Construction commences on $43.8m Cronulla apartments, Callista

Sutherland Shire builders, D.velop.R, has commenced construction on the $43.8 million Cronulla development, Callista.

Developed by the multi-award winning Fiducia Property Group, Callista will comprise 12 Mediterranean-inspired residences in two, three, and four-bedroom configurations, all with direct beach access, landscaped gardens, and private courtyards.

Render of the Cronulla beachside development, Callista.

With early works and demolition underway at 14 Roker Street, Callista will deliver the epitome of classic coastal luxury, with the project expected to come out of the ground in 2024.

Highland CEO, David Highland said the company is pleased to witness Callista move into the construction phase.

“The project has been well received by prospective buyers, with enticement surrounding the picturesque location and design of the proposed plans," Highland said.

“Despite recent interest rate rises putting pressure on housing prices and mortgage availability, we remain very positive on the Southern Shire apartment market, particularly for strong developers like Fiducia.”

Render of the communal area in the Cronulla beachside development, Callista.

Since Callista launched to the market late last year, Highland has witnessed strong enquiry from a range of buyers including young professionals, downsizers with a love for beachside proximity, and locals seeking an upgrade in living.

Callista has had two sales to date with a ground floor three bedroom selling for $2.75 million and the only penthouse in the project, which sold for a record $7.3 million.

The remaining stock is priced from $2.35 million to $5.3 million with the average price of $25,424.44 per sqm.