Third.i sells 50 per cent of Elevate, Hume Place apartments above Crows Nest Metro
Elevate Hume Place, the new apartment development above Crows Nest Metro by developer Third.i and joint venture partner Phoenix Property Investors, has raced to 50 per cent sold.
Both local and international buyers have driven the sales of one of the most popular transit-oriented developments in Sydney, above the newly opened metro that will connect future Elevate residents to the rest of Sydney in minutes.
Read more: Third.I offer $10k deposits at Elevate Hume Place apartments above Crows Nest Metro
Designed by Woods Bagot, Elevate Hume Place comprises 130 one, two, and three-bedroom apartments.
Third.i Co-Founder Luke Berry said the project has received over 6,000 leads with over 400 appointments to date, with this unprecedented demand and strong interest not only reflecting the quality of the apartments but also the increasing demand for convenient, transit-oriented living in Sydney's dynamic real estate market.
“With over 50 per cent of Elevate Hume Place sold, this achievement highlights the growing appetite for contemporary living that prioritises accessibility and connectivity,” Berry stated.
“The design, amenities, demographic, and prime location of Elevate Hume Place have attracted a diverse range of local and international buyers, from young professionals and first home buyers to investors and downsizers, all seeking the perfect blend of urban convenience and community charm.”
Freya Watson, JLL’s Head of Residential Project Sales Australia - the sales partner for Elevate Hume Place - shared insights into the diverse range of buyers the development has attracted.
“Elevate Hume Place sets a new standard for transit-oriented living, appealing to both owner-occupiers and investors. Properties near metro stations often achieve a 20-30 per cent price premium and attract high rental demand, which has contributed to the strong buyer interest. Buyers clearly recognise the long-term potential of this development.”
A significant portion of the buyer interest has come from Asia.
Among these international buyers, 25% are seeking residences for their children studying in Sydney, while another 25% are Australian passport holders or permanent residents looking for personal stays. The remaining 50% are investment-driven buyers, primarily from Singapore and Hong Kong, attracted by the project’s strong rental return potential.
“The Metro is a huge draw for buyers, especially those who value or are accustomed to the convenience of public transport, with its prime location and quick access to the CBD," Watson added.
"The city views are also a major attraction, along with the abundance of schools and universities right on the doorstep."
Berry says Elevate Hume Place buyers will experience a perfect blend of connectivity, community, and the vibrant lifestyle that Crows Nest offers.
“Elevate features shared spaces that promote community interaction, iconic Sydney views, and sustainable design elements. The thoughtfully designed apartments foster a meaningful connection to the natural surroundings while honouring the site’s rich history. In addition to direct metro access, residents will benefit from being close to Crows Nest Village, which provides a variety of lifestyle amenities.”
Prices at Elevate start from $970,000.
