First look: WINIM reveal Newcastle's most expensive penthouses atop Parnell House
WINIM is set to launch its Parnell House Penthouses in Newcastle this month, atop a new 46-room luxury hotel.
The penthouses, Sand and Dune, will offer something Newcastle hasn't seen before.
Designed by SDA Architects and MXM Design in collaboration, the twin penthouses, priced at $10 million and $14 million, occupy the entire rooftop of the boutique hotel, Parnell House.
Parnell House will reside within a celebrated heritage building at 21 Parnell Place, the former Newcastle Beach Hotel, artfully re-imagined. Alongside the luxury accommodation is a café, bar, restaurant and wellness spa.
The $10 million, three-bedroom penthouse will have 191 sqm of internal living space and 78 sqm of terraces, while the adjoining four-bedroom penthouse will have 245 sqm internally and 123 sqm of terraces.
The penthouses pay homage to the barefoot nostalgia of Newcastle’s past while setting a new benchmark for the future. They feature abundant light, organic curves and natural materials, with high-end finishes and hand-crafted pieces throughout.
Each penthouse has an expansive entertaining space with a covered outdoor kitchen, dining terrace and sun deck leading to a private plunge pool nestled in a private courtyard.
Residents will have access to resort-style services from Parnell House, including five-star dining without leaving home, room service, hotel concierge and cleaning services.
Construction on Parnell will begin in August 2024, with completion expected in Q3 2025.
Leading hospitality and management company EVT, which currently manages 80 hotels and 12,000 rooms across Asia Pacific with brands such as QT, Rydges, will operate the hotel.
According to a March report by CoreLogic, high-end home prices have been on the rise in Newcastle since the pandemic. There's been a string of multimillion-dollar sales over the past 12 months, including a city penthouse apartment for $8.5 million in The Royal Apartments building on King Street.
The rise in high-end properties accompanies broader economic and regional growth, including population, commerce, education, and infrastructure investments. The city’s population grew by nearly one per cent between 2023 and 2024, buoyed by Newcastle University’s expansion, the reopening of the Royal Newcastle Private Hospital following a $1 billion investment, and the expansion and upgrade of Newcastle Airport.
High-end buyers moving into the city are a mix of Sydneysiders, Melburnians, and Hunter Valley locals, drawn by its mix of natural beauty, community atmosphere, career opportunities, and cultural activities.
Newcastle is also well-connected locally and nationally, with a compact city that’s easy to navigate and good public transport, making it convenient for residents to commute and explore.