Off-the-plan developments

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Astute property investors are recognising the potential of the City of Sydney, with its numerous amenities, leading universities and great employment opportunities.

New apartments with modern designs, developed close to the CBD, are drawing quality tenants.

Throughout the inner-city council region, each suburb boasts its own unique character and identity, from period properties, art deco to modern industrial.

Ever-strengthening infrastructure in the area includes the soon-to-be-completed Sydney Metro City and South-West, which will result in trains running every two minutes.

According to SQM Research, gross rental yields for all units currently sits at 3.5 per cent, the best performing rental type in the area.

For those who wish to capitalise on great cafés and restaurant, and good transport, the Sydney Council might be the ideal new LGA to call home.

Urban takes a look at four new apartments located within the council area, starting from $592,800.

1. Castle Residences, Sydney 
Address: 203 Castlereagh Street, Sydney NSW 2000 
One-bedroom apartments from $1,230,000

[smartcode_project:default project_id=7758]

Developed by United Development Sydney, the highly anticipated Castle Residences is set to offer 131 apartments just off Hyde Park.

The project merges high-end apartments with five-star luxury hotel services and amenities, with construction including the refurbishment of the 142-year-old heritage-listed Porter House building.

The mixed-use development is being designed by Candalepas Associates, with amenities including luxurious dining areas, private dining spaces and in-residence catering. Manhattan-style apartments overlook Australia’s oldest park and timeless sculptural alcoves and arches bring together historical and contemporary architecture.

2. The Laneways, Rosebery 
Address: 33-37 Mentmore Avenue, Rosebery NSW 2018 
One-bedroom apartments from $592,800

[smartcode_project:default project_id=24323]

The Laneways, a collection of four five-storey apartment buildings is Rosebery’s “exciting new address.”

Delivered by Ellerson Property, the project will offer private balconies, green courtyards and a rooftop terrace to socialise with friends and neighbours while enjoying the panoramic city vistas.

Located in one of Sydney’s coolest neighbourhoods, homebuyers will appreciate the project’s entertainers’ kitchen, floor-to-ceiling windows and soft-close cabinetry.

3. Park Sydney, Erskineville 
Address: 149-163 Mitchell Road, Erskineville NSW 2043 
Two-bedroom apartments from $1,159,000

[smartcode_project:default project_id=5811]

As the most significant new development in Sydney, Park Sydney is an exciting opportunity for investors and will create a new local for Erskineville.

Delivered by GH Australia, the project is set over 6.9-hectares, centred around a 7,400sqm park.

The project’s first buildings are named after two of Australia’s national parks, Botany and Cascade, and are designed by WMK Architecture.

Spread across nine buildings, ranging between two and eight stories, the apartments will deliver spacious and light-filled residences.

The precinct will include barbeque facilities, amphitheatres, walkways and cycleways into the city.

4. Eminence, Zetland 
Address: 811 Elizabeth Street, Zetland NSW 2017 
One-bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

Offering a remarkable boutique trio of buildings, Mirvac’s 254-apartment Eminence project commands four street frontages between Green Square and the CBD.

The development offers onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre.

Designed by DKO Architecture, the property showcases high-quality finishes and fixtures, and carefully curated residences.

Some apartments include their own private rooftop terraces and others with uninterrupted CBD and Botany Bay views.

The adjacent Gunyama Park Aquatic and Recreation Centre includes beach-inspired pools, open-air training facilities and playgrounds.
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New apartments with modern designs, developed close to the CBD, are drawing quality tenants

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Four new apartments in the City of Sydney from $592,800 

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West Melbourne’s newest address combines spacious architecturally designed apartments with convenience and security.

Situated at 408 Spencer Street, Parkhill Apartments boasts 161 residents in one and two-bedroom configurations.

Already proving popular with city residents who value location and won’t compromise on style and design quality, Parkhill sets the standard for affordable apartments in Melbourne.

Just metres from the inner-city with CBD views, homebuyers can secure one-bedroom apartments in the block from just $479,000. Two-bedroom apartments start from $619,000, and up to $819,000 when featuring an extra bathroom and a parking space.

Urban takes a look at the top five selling points for buyers looking to secure a home in Parkhill. 
 

1. Save thousands if you buy now

[smartcode_project:default project_id=27406]

Owner-occupiers can save up to $72,000 if they buy before March 31.

Alongside huge stamp duty savings up to $42,000 and the final weeks of the $15,000 HomeBuilder Grant, the developer will offer an extra $15,000 to qualifying owner-occupiers,

Investors can also save, with stamp duty reductions up to $24,500. 
 

2. Delivered by multi-award-winning developer

Parkhill Apartments is developed by Australian developer, Central Equity, with over 80 completed Melbourne projects.

Central Equity has won the Housing Institute of Australia (HIA) Victoria’s ‘Apartment Project of the Year’ award six times over the last ten years, making them the HIA Victoria’s most awarded apartment developer. 
 

3. Top-quality design features

<a href="https://www.urban.com.au/new-apartments/parkhill-apartments-408-spencer-street-west-melbourne" target="_blank"><img alt="" height="1331" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill-apartments-408-spencer-street-west-melbourne-fd9b2c881caccfc8ebe2917266392b4f.jpg" width="2000"></a>

Each apartment delivers high-quality features like Miele appliances and German tapware.

Other offerings include 2.7-metre high windows, private balconies and double-glazed full-height windows allowing for an abundance of natural light.

“We really want [residents] to enjoy all this space, so we provided plenty of storage options to keep your things tucked away” said Central Equity’s general manager of product design, Ian Carkeek.

The homes include plenty of hidden storage space, with built-in-robes and kitchen cabinetry, as well as a hideaway laundry in select residences. 
 

4. Great location

Parkhill is located in a compelling Melbourne CBD fringe location, only metres from the tranquil Flagstaff Gardens and other amenities.

Residents will have convenient access to shopping and dining offerings, universities, Melbourne’s employment hub and excellent public transport services. 
 

5. Countless amenities

<a href="https://www.urban.com.au/new-apartments/parkhill-apartments-408-spencer-street-west-melbourne" target="_blank"><img alt="" height="1331" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill-apartments-408-spencer-street-west-melbourne-e949846ce0c9b496d328aea3b18e298c.jpg" width="2000"></a>

Designed to be the ideal place to work, live and play, Parkhill’s lifestyle offerings include a rooftop gymnasium with views of Melbourne’s skyline and a rooftop garden terrace.

The terrace provides a calming, landscaped setting to entertain family and friends, featuring dedicated seating areas, mature planting and barbeque facilities.

On the ground floor, a grand foyer and seven-day concierge help welcome you home.

Other features include two levels of secure basement parking, on-site video security, secured lift access and plenty of bicycle storage.
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Already proving popular with city residents who value location and won’t compromise on style and design quality, Parkhill sets the standard for West Melbourne apartments

Off-the-plan developments

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