Sydney off the plan apartments

Construction of the landmark <a href="https://www.urban.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> mixed-use development, a joint venture spearheaded by <a href="https://www.urban.com.au/developers/first-sponsor">First Sponsor</a> and <a href="https://www.urban.com.au/developers/icd-property">ICD Property</a>, is forging ahead and moving into the next stage of the construction program.

The iconic project in the heart of Sydney’s CBD is on track for delivery in 2027.

Designed by acclaimed architects, <a href="https://www.urban.com.au/architects/bvn-architecture">BVN Architecture</a> (for the tower and interiors), and FJC Studio (for the heritage podium),&nbsp;<a href="https://www.urban.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will comprise 241 premium residences atop a 135-room hotel.

<a href="https://www.urban.com.au/builders/richard-crookes-constructions">Richard Crookes Constructions</a>&nbsp;Construction Manager, Elliot Hicks confirmed demolition and bulk excavation are now complete, and major structural activities are progressing at pace.&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=312145]

“The installation of the site’s third tower crane is now complete, marking a significant milestone in the project’s delivery, which will see further efficiencies as we work through the structure, with the site’s core reaching level 7 and structural slabs reaching level 3 by the end of May,” Hicks said.

“A significant and unique component of this project is the meticulous retention and protection of heritage elements, reflecting Sydney House’s commitment to preserving its historic character while delivering a modern, world-class development that enhances the site’s significance for generations to come."

Hicks said that three of the four buildings will see&nbsp;significant heritage retention and restoration to both facades and key internal elements.

"So far, the heritage works on site have seen the retention of the remaining heritage fabric across key areas such as the façade elements, the Lower Bar, Sydney Room, Corinthian Room, and Billiard Room, which are all now fully secured and protected.&nbsp;These richly detailed spaces — each with architectural and cultural significance — have undergone careful salvation of heritage material, which will be preserved and reused in the completed building."

Hick said the&nbsp;respectful integration of new structure with the historic core is central to the vision for Sydney House.

“By preserving character-defining elements and embedding them into the future of the building, we’re honouring the site’s legacy while creating an enduring new chapter.”

[smartcode_project:default project_id=12428 project_image_fid=350617]

Sydney House continues to track well against its program and promises to be a striking blend of heritage and innovation in Sydney’s cityscape by 2027.

Richard Crookes Construction is renowned for its meticulous, exceptional quality of construction in high-end residential projects such as the Sirius building in The Rocks.

First Sponsor and ICD Property echoed the sentiment regarding the development, noting that the project is well on track to becoming a new architectural icon for Sydney.

“Sydney House is more than just a building – it’s a legacy project that reflects our shared vision for delivering a truly exemplary project befitting its CBD location, set within one of the city’s most prestigious enclaves,” said a spokesperson for the joint venture.

The next phase of construction will see the tower core continue to rise, alongside internal fit-outs and façade installation, with completion expected in Q4 2027.

[smartcode_project_cta:default project_id=12428]

Richard Crookes Constructions progresses to structural works marking the beginning of a new construction milestone of the 50-storey tower on Sydney House

Joel Robinson

Construction steaming ahead at iconic Sydney House mixed-use landmark

Confidence is currency in the off the plan apartment market.

A developer’s track record is paramount. If they’re new to the scene, their personal background and the calibre of their partners—architects, builders, planners—can offer strong indications of the project's likely success.

Now, a new layer of buyer assurance is emerging: Latent Defects Insurance (LDI).

INCA Property Group is among the latest developers to adopt this rigorous form of protection, securing LDI through Resilience Insurance for its boutique St Ives development, Ellis Residences.

Currently under construction by GOP Constructions, Ellis Residences will comprise 18 three-bedroom apartments, nestled in a quiet cul-de-sac just moments from St Ives Village.

[smartcode_project:default project_id=144449 project_image_fid=316794]

INCA Development Manager Michael Downs says the team first encountered LDI during their Waitara project but couldn’t proceed at the time, as construction was already too far advanced.

"By the time we were planning Ellis, our builder was proactively asking for it," Downs says. "It gives them certainty, it gives us confidence—and ultimately, it protects the buyer in a way that traditional strata bonds can’t. By the time it’s complete, we know any structural concerns for the next 10 years are covered. It’s a cleaner, more accountable way to do things—the builder can move on, and the buyer isn’t left chasing defects years down the track."

INCA’s Sales and Marketing Manager Mat Cassidy says that while LDI may not be widely understood by buyers just yet, it’s a game changer once explained.

"When we invited our local agent network to preview Ellis before launching sales, the key topic of conversation was how to explain Latent Defects Insurance to buyers," Cassidy says. "We had the Resilience Insurance team on hand to answer questions and break it down. Once it was explained, the value really hit home."

Cassidy describes LDI as "a new benchmark for buyer protection", and says its impact goes beyond post-settlement peace of mind.

"There are monthly or even bi-monthly inspections by a third-party Technical Inspection Service. What the builder delivers isn’t just acceptable to the developer—it has to meet the insurer’s standards. That level of scrutiny benefits everyone."

Even in the event that something does arise post-completion, Cassidy says the process is refreshingly simple for buyers.

"If something goes wrong within the first 10 years, buyers aren’t left fighting for a resolution. They just call the insurer. That’s what we love—peace of mind for everyone involved."

Ellis Residences is currently one of the only developments in the Ku-ring-gai local government area to offer Latent Defects Insurance.

Cassidy confirms INCA plans to roll out LDI across all future apartment projects.

"It’s a must for us—we’re committed to doing the right thing by our buyers," he says. "Without buyers, there are no new projects, so their needs and expectations come above all else."

<hr data-end="3209" data-start="3206" />
<h3 data-end="3252" data-start="3211">What is Latent Defects Insurance?</h3>

Latent Defects Insurance is a 10-year structural warranty that protects apartment buyers from major defects in structural elements, waterproofing, and core building systems such as electrical and plumbing.

It differs from traditional strata bonds in that it’s developer-purchased and activated immediately upon completion. It also includes independent inspections throughout construction to help catch issues early.

Read more:&nbsp;<a href="https://www.urban.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Ellis Residences is currently one of the only developments in the Ku-ring-gai local government area to offer Latent Defects Insurance

"A new benchmark for buyer protection" INCA takes out Resilience LDI at Ellis Residences, St Ives

Leading Sydney developer <a href="https://www.urban.com.au/developers/deicorp">Deicorp</a> has officially broken ground on its $1 billion Showground Pavilions project in Castle Hill, marking the start of construction on one of the most significant residential projects in Sydney’s north-west.&nbsp;

Located within the Hills Showground Station Precinct, the Precinct East project – known as Showground Pavilions – will deliver 873 new homes across five residential buildings designed by award-winning architecture firms <a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a> and <a href="https://www.urban.com.au/architects/group-gsa">GroupGSA</a>.

The development will also include 44 affordable dwellings, a 3,500 sqm public park, and communal outdoor spaces such as landscaped courtyards, a playground, barbecue areas and shaded seating.&nbsp;

<img alt="Showground Pavilions in Castle Hill" data-entity-type="file" data-entity-uuid="d7c28303-b5e5-4956-9207-cb3297c33a66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ShowgroundPavilions_Pedestrian%20Spine%20Link.jpg?VersionId=DNtf0ZNrqZsbLBCLO79fOfeKRG8NX7QL" />

“The Hills Shire is one of the fastest-growing regions in the country, with our population projected to reach 328,000 by 2041," said Mayor Dr. Michelle Byrne.&nbsp;

"This rapid growth presents significant challenges, particularly amid a national housing crisis. That’s why developments like the Pavilions are critical to addressing these challenges. It’s a prime example of situating high-density development close to public transport, community facilities, such as Castle Hill Showground and shopping centres, like Castle Towers."

Dr&nbsp;Byrnev said it is also great to&nbsp;see affordable housing set aside for key workers such as nurses, teachers, and police officers—helping them to live in the community they serve.

The development forms part of the Hills Showground Station Precinct – an urban renewal initiative led by Landcom and Sydney Metro. Deicorp was selected to deliver both the East and Village precincts, with the neighbouring 430-apartment Hills Showground Village now under construction and Stage 1 nearing completion mid-year.&nbsp;

<img alt="Showground Pavilions in Castle Hill" data-entity-type="file" data-entity-uuid="0385da64-995c-4ac2-90ea-da94e977006e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ShowgroundPavilions_Between%20Buildings.jpg?VersionId=nOIPwGTFSn96jKF4oDuxnQsRNS8Yit8z" />

In total, Deicorp’s contributions across both sites will deliver over 1,300 new dwellings and provide more than $2 billion in economic impact. The Precinct East project alone is expected to generate over 5,000 jobs throughout construction and deliver upwards of $200 million to State and Local Government, including local contributions and taxes.

Planning approval for Showground Pavilions was granted by the Department of Planning and Environment in February 2025. The approved scheme includes a considered mix of 136 one-bedroom, 527 two-bedroom, and 210 three-bedroom apartments, with design principles shaped by the site’s natural context and seamless integration with surrounding open space.&nbsp;

“This milestone marks our continued commitment to building vibrant, connected communities along the Sydney Metro line,” said Deicorp Founder Fouad Deiri.&nbsp;

“Showground Pavilions is an outstanding example of how smart, transit-oriented development can help address Sydney’s growing housing demand while creating places people are proud to call home,” Fouad added.&nbsp;

Showground Pavilions is due to launch to market in the coming months.&nbsp;

The project adds to Deicorp’s expanding portfolio of Metro-linked communities, including Tallawong Village, Joynton Avenue in Zetland, and the recently approved Five Ways project in Crows Nest.

Deicorp breaks ground on $1 billion Showground Pavilions in Castle Hill

The push for more downsizer apartments in Sydney's affluent Eastern Suburbs is set to continue.&nbsp;

Boutique builder developer MD Living is planning 12 apartments on Hamilton Street, just a few houses down from the centre of Rose Bay village on Old South Head Road.

The $15 million apartment building, that will replace two original homes at 28 and 30 Hamilton Street, has been designed by&nbsp;<a href="https://www.urban.com.au/developers/ess-lifestyle-pty-ltd">ess Life Style</a>&nbsp;and will rise six levels. Two doors down is the 2019-completed Hampton building.

The three and four-bedroom apartments each occupy half a floor.

<img alt="Rose Bay" data-entity-type="file" data-entity-uuid="fdb3790b-2002-4cce-acce-b68720909813" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%202.45.56%E2%80%AFPM.png?VersionId=35rms0GhDaRs77aZFZiUMh_2ocluSg7m" />

The new applications marks a continued transition to new larger-scale apartments in Rose Bay, a suburb which has traditionally lacked such supply.

Several new developments are soon to come to the market in the area. Boutique national developer Fortis is planning a new project on Ian Street, 11 three-bedroom apartments and a two-bed apartment in a five-level building by&nbsp;<a href="https://www.urban.com.au/architects/mhn-design-union">MHN Design Union</a>.

Fellow developer Orosi is soon to launch The Avenue, the largest mixed-use development Rose Bay has ever seen.

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The development, on an amalgamated 3,000 sqm site adjacent to the&nbsp;Royal&nbsp;<a href="https://www.urban.com.au/developments/sydney-nsw" target="">Sydney</a>&nbsp;Golf Club, will offer 50 two and three-bedroom apartments, and a cafe on the ground level.

"The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers," Orosi Founder and Managing Director&nbsp;Hamid Samavi told Urban.

"The Avenue&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&nbsp;Sydney’s most iconic wellness centre."

First look: Rose Bay's downsizer push continues

The next major milestone in the transformation of Melrose Park has arrived, with construction now officially underway at <a>Melrose Central</a>, the $700 million apartment and retail development from builder-developer <a href="https://www.urban.com.au/developers/deicorp">Deicorp</a>, in partnership with <a href="https://www.urban.com.au/developers/payce-consolidated-limited">PAYCE</a>.

Following a record-breaking sales launch earlier this year, activity has ramped up on site with work commencing on the first stage of the project, a key anchor in the broader <a href="https://www.urban.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> North Urban Renewal Precinct.

<a href="https://www.urban.com.au/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a> will ultimately deliver around 500 apartments across six architecturally distinctive towers designed by <a href="https://www.urban.com.au/architects/turner-studio">TURNER Studio</a>, set above a vibrant five-level podium.&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289879]

The project also marks the debut of Melrose Park’s first major retail offering, a 30,000 sqm precinct anchored by Coles, and supported by dining, wellness, entertainment, and convenience retail.

With early site works commencing in February, construction of the podium and the first three towers is now well underway, with full completion of the initial stage expected by mid-2027.&nbsp;

The final three buildings will follow, further contributing to the evolution of the 55-hectare precinct, which will eventually deliver 6,000 new homes to Sydney’s rapidly growing west.

[smartcode_project:default project_id=134220 project_image_fid=289877]

Deicorp’s Melrose Central has captured the market’s attention since its launch. During the opening weekend alone, 40 apartments were snapped up.

Buyers have included first home buyers, local owner-occupiers, and investors, drawn by the combination of design, amenities, and long-term growth potential in a connected, masterplanned community.

[smartcode_project:default project_id=134220 project_image_fid=289885]

Apartments at Melrose Central are available in a mix of one-, two- and three-bedroom layouts and have been crafted with modern lifestyles in mind.&nbsp;

Interiors are shaped by TURNER Studio’s refined design language, with open-plan layouts, SMEG-integrated kitchens, and generous balconies or courtyards that take in views of parklands and water.

The architecture also responds to the broader precinct’s master plan, with four distinct quadrants differentiated by colour palettes, materials and façade treatments to reinforce identity and enhance place-making.

The development will be serviced by the Parramatta Light Rail Stage 2, with a stop located directly outside the retail precinct.&nbsp;

The newly approved light rail extension—set to include a bridge over the Parramatta River—will link Melrose Park to Sydney Olympic Park, Wentworth Point, and Parramatta, with future integration to the Sydney Metro West.

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With early site works commencing in February, construction of the podium and the first three towers is now well underway, with full completion of the initial stage expected by mid-2027. 

Construction underway at Deicorp’s Melrose Central in Melrose Park

Freecity is the latest developer to join the TOD wave, unveiling plans for a 40-level mixed-use towers above Crows Nest Metro.

The tower, on a 1,320 sqm site at <a href="https://www.urban.com.au/new-apartments/378-398-pacific-highway-crows-nest-nsw-2065">378-398 Pacific Highway</a>, has been designed by Cox Architecture and will deliver 178 new apartments that will sit above a three-level commercial and retail podium, and eight levels of basement parking.

Cox Architecture says the good mix of apartments, 26 one-beds, 101 two-beds, and 51 three and four-bedroom units, will cater to a&nbsp;wide demographic, offering future residents a broad variety of living options.

<img alt="Crows Nest" data-entity-type="file" data-entity-uuid="ad0b1568-b3de-4a9f-aaed-98804c004b77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-21%20at%208.52.39%E2%80%AFAM.png?VersionId=6ecYs5YXajG5bQVIJoZy6PkziUVJZUXn" />

In line with the recently finalised Transit Oriented Development (TOD) controls, approved in November 2024, the site has been earmarked as a key location within the Crows Nest strategy. The additional height and density allowances reflect the state’s broader push to deliver higher-density housing close to transport infrastructure.

“This project is about delivering high-quality housing at a strategically located site,” Cox noted in the State Significant Development Application.

"Pacific Highway is one of Sydney's key north-south routes. It is a significant arterial road that connects multiple suburbs whilst also acting as a feature of commercial, retail, and residential activity. Our design reflects the future character envisioned for Crows Nest and aligns with TOD planning frameworks.”

A striking tower, featuring&nbsp;geometric glass-fibre reinforced cladding, will complement the robust brick base that will form the podium.

Future residents will have access to two communal outdoor terraces, on the third and 20th levels.

There were previous plans submitted, and consequently refused, in 2022, before the recent legislative changes.

Free City will no doubt hope for the same success as fellow TOD developer Third.i, who launched the first stage of Hume Place, across the road on Hume Street, to much fanfare late last year, securing over half of the sales of the apartments in a matter of months.

The first stage known as Elevate, one of three mixed-use buildings that will make up Hume Place, will have&nbsp;130 one, two, and three-bedroom apartments.

Freecity has another major project north of the Harbour Bridge. They recently acquired an office building on Walker Street in North Sydney, which they plan to convert into build-to-rent apartments and a hotel.

Free City will no doubt hope for the same success as fellow TOD developer Third.i, who launched the first stage of Hume Place to much fanfare late last year

First look: Freecity lodges Crows Nest TOD tower

Boutique developer MADE Property is doubling down in the Prime Minister's neighbourhood.

Fresh off the back of launching <a href="https://www.urban.com.au/new-apartments/kirribilli-harbour-75-kirribilli-avenue-kirribilli">Kirribilli Harbour</a>, nine luxury apartments on Kirribilli Avenue, <a href="https://www.urban.com.au/developers/made-property-group">MADE</a>, led by Davin Finn, is planning their next development.

They're seeking to develop 19 two and three-bedroom apartments at <a href="https://www.urban.com.au/new-apartments/carabella-22-24-carabella-street-kirribilli-nsw-2061">22-24 Carabella Street</a>. It's a slightly different location from Kirribilli Harbour, more Jacaranda streetscapes than Harbour views.

<img alt="Kirribilli Made Property" data-entity-type="file" data-entity-uuid="e32e2cb3-ef33-48e6-8dc9-21d1436d78ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kirribili%20Made%20Property.png?VersionId=esGROOa7jYjnKZ7O.e1bMYFTucfiBidZ" />

The amalgamated 1,964 sqm site, that already has approval for 26 apartments from a 2021 application, is currently occupied by a block of six apartments at 24 Carabella, which is of neutral heritage significance, and a non-heritage block of apartments at 22 Carabella.

The proposal by SJB Architects retains the existing red-brick facade at 24, while demolishing number 22. The development will be split into&nbsp;two four-level buildings - separated by a central landscaped corridor that enhances permeability and greenery on the site.

“The landscape strategy is to retain the street trees of Jacarandas, Brisbane Box and Crepe Myrtles species, providing a landscaped outlook for the residents, while also masking the bulk of the proposed building form," SJB noted in the application to the North Sydney Council.

<img alt="Kirribili Made Property Peet St facade" data-entity-type="file" data-entity-uuid="370b5953-f261-4e69-9620-61d766b8696a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kirribili%20Made%20Property%20peet.png?VersionId=5cHsEJDdu6CJRSHEsF7kqzOURA5rbx3w" />

MADE recently launched Kirribilli Harbour, a similar-style project with a restoartion of an inter-war building, one of the first ever built in Kirribilli, complemented by a new five-level building next door that will home&nbsp;a communal gym, wine room, and five of the nine apartments.

MADE is currently delivering <a href="https://www.urban.com.au/new-apartments/corsa-mortlake-140-tennyson-road-mortlake">Corsa Mortlake</a>,&nbsp;on one of&nbsp;<a href="https://www.urban.com.au/new-apartments/mortlake-nsw-2137">Mortlake</a>&nbsp;Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road. That will comprise just 20 three-bedroom residences and a private marina berth.

Last year the developer completed Crenelle in Neutral Bay.

First look: MADE Property doubles down in Kirribilli new apartment market

Sydney’s thriving western corridor is set for a fresh injection of well-connected apartments with the launch of North Village, the second stage of Tian An’s Auburn Square development.

Located just a short walk from Auburn Station and surrounded by local amenities, <a href="https://www.urban.com.au/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a> will deliver 264 one-, two-, and three-bedroom apartments to the heart of the suburb, with prices starting from $525,000.

The project will rise from Northumberland Road, directly opposite the fully completed first stage of Auburn Square, which is already home to several ground-floor retail tenancies.

Adding to its appeal, North Village will feature convenient on-site amenities including a new Coles supermarket and a café on the ground level. The project also comes with the increasingly sought-after 10-year Latent Defects Insurance by Resilience Insurance—offering buyers protection against structural and waterproofing issues for a full decade after completion.

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Designed by renowned architecture firm Rothelowman, North Village marks only their second residential project in the area, following the successful delivery of Auburn Square’s first stage. Rothelowman is known nationally for designing some of Australia’s most iconic apartment buildings.

Ray White Projects WS Managing Director Mark Bernberg says North Village appeals to a wide range of buyers.

“We are already seeing first home buyers and young professionals who see the price points as very attractive,” Bernberg says.

All one- and two-bedroom apartments are priced under $800,000, meaning eligible first home buyers won’t pay a cent in stamp duty.

“Large deposits and stamp duty costs are two of the biggest hurdles for first home buyers when wanting to buy their first home,” Bernberg says. “North Village has been priced so first home buyers don’t have to pay stamp duty, and will only pay a 10% deposit on exchange, with the rest not due until the building is completed 18 months from now.”

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Bernberg adds that the location is ideal for inner-city workers.

“Parramatta is just a few stops away by train, which is a three-minute walk from North Village, and the Sydney CBD is a direct 30-minute ride to Central Station. That’s appealing for anyone working in Sydney’s two biggest employment hubs.”

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Gold Star, iCirt-rated builder, Binah, has already cleared the site and is preparing to break ground, with a targeted completion date of Q4 2027. The development will also include smart home tech-enabled apartments and shared resident amenities such as a gym, cinema, and a landscaped rooftop garden

Tian An has increased the attractiveness of its offering by securing the in-demand 10-year Latent Defects Insurance from Resilience Insurance.&nbsp;

Read more: <a href="https://www.urban.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Read more: <a href="https://www.urban.com.au/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers</a>

Tian An LFD is one of Australia’s longest-standing listed property developers. Formerly known as Port Bouvard, it was listed on the ASX in 1985. Since then, it has grown into one of the country’s most successful residential developers, with projects across both the east and west coasts.

The company is backed by Hong Kong-listed Tian An China Investments Company, which has delivered over 1.7 million sqm of commercial and residential space in China since 2013.

North Village will officially launch to the market Saturday May 24, with the new display suite open between 10am-1pm at&nbsp;28 Northumberland Road, Auburn.

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Tian An launches North Village, Auburn Square second stage

<a href="https://www.urban.com.au/developers/perifa">PERIFA</a>, a Sydney-based end-to-end property developer and part of <a>Versatile Group</a>, together with investment partner Mitsubishi Estate Asia (MEA), has received State Significant Development Application (SSDA) approval for its landmark mixed-use precinct in Sydney’s Inner West, Rozelle Village.

The approval marks a major milestone in the revitalisation of the former Balmain Leagues Club site, paving the way for construction to commence imminently.

Following SSDA approval, the development of <a href="https://www.urban.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> will deliver a total of 227 dwellings, of which 59 will be allocated to affordable housing, reserved for essential workers, helping to address the State’s housing crisis.&nbsp;

The 16-level mixed-use development will feature bespoke retail, hospitality, and community offerings, along with expansive public spaces and a new home for the new Community Club.

[smartcode_project:default project_id=8142 project_image_fid=347020]

Set to transform the long-abandoned site in Sydney’s Inner West, <a>Rozelle Village</a> has been designed to foster community connection and celebrate the unique character of the area. With architecture by <a href="https://www.urban.com.au/architects/scott-carver">Studio.SC</a>, interiors by SJB and landscaping by <a href="https://www.urban.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, the precinct will feature a collection of one, two and three-bedroom apartments and penthouses, a 1,444sqm public plaza, and activated laneways connecting Victoria Road and Darling Street.

Fabrizio Perilli, Co-Founder and Managing Director of PERIFA, said receiving SSDA approval is a critical and exciting step forward in delivering the vision for Rozelle Village.

"It's finally time for this site to see its potential realised," Perilli said.

"This is a massive achievement, not just for the Rozelle Village development, but for Sydney housing in general, and for the local community. It’s so important that mixed-use projects like these are approved in good time, to provide the people of Sydney with the quality housing they so desperately need and with open, community spaces and well-curated retail amenity for everyone to enjoy.

“We’re now focused on moving ahead with our vision for Rozelle Village, deploying Versatile Group’s end-to-end development capabilities to bring to life a precinct that creates beautiful spaces not just for those who will live here, but for the wider <a href="https://www.urban.com.au/developments/rozelle-nsw-2039">Rozelle</a> and Balmain communities to enjoy.”

[smartcode_project:default project_id=8142 project_image_fid=347019]

Yosuke Matsunaga, Head of Australia at Mitsubishi Estate Asia, said the team is proud to continue their partnership with PERIFA and excited to deliver Rozelle Village as a legacy project for the area.

"The approval represents the culmination of a lot of planning and collaboration, and we look forward to bringing it to life and offering an elevated lifestyle to the community.”

Rozelle Village is PERIFA and MEA’s second major joint project in Sydney, following Putney Wharf Residences. Both developments reflect a shared commitment to creating high-quality, community-focused mixed-use precincts with long-term value for both new residents and the existing Rozelle community.

Builder&nbsp;<a href="https://www.urban.com.au/builders/versatile">Versatile Construction</a>&nbsp;will complete groundworks on the 7,330 sqm site in May. They are expecting to start building works in Q3 2025, and complete the development in 2028.

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Fabrizio Perilli, Co-Founder and Managing Director of PERIFA, said receiving SSDA approval is a critical and exciting step forward in delivering the vision for Rozelle Village.



Rozelle Village to offer 59 affordable housing units after State Significant Development Application approval

Buoyed by positive news on interest rate cuts and a surge in rental prices over recent years, investors are gradually re-entering the residential property market in Sydney.

The December quarter data from the ABS revealed that New South Wales led the growth in investor loans throughout 2024, marking a near-30 per cent increase compared to 2023. Importantly, this surge occurred even before the February rate cut and growing economic commentary predicting up to four additional cuts in 2025.

The official cash rate currently sits at 3.85 per cent, but most major banks forecast it will fall to 3.1 percent by year’s end.

Developers are now preparing for a renewed wave of investor activity. Since the Reserve Bank of Australia began aggressively increasing rates — coupled with significant price growth in Sydney over recent years — many investors have struggled to make the numbers work. However, improving conditions are shifting that sentiment.

Investors typically seek two key features in residential property: scarcity and a prime location. If these two boxes are ticked, then a strong rental yield and strong capital growth will likely follow. These criteria explain the rising investor interest in Capital Corporation’s <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">Wahroonga Estate</a>, located in Sydney’s leafy Upper North Shore.

[smartcode_project:default project_id=135247 project_image_fid=262185]

A major drawcard is the limited supply of apartments in the area. According to the latest Census, of Wahroonga’s 4,600 dwellings, fewer than 20 per cent are apartments. Most existing stock is more than a decade old, and aside from the future stages of Wahroonga Estate, there’s minimal new supply in the pipeline — which will likely support long-term demand and value growth.

Wahroonga Estate is ideally positioned near major infrastructure, including the Sydney Adventist Hospital — NSW’s largest private hospital — located right next door. Within a five-kilometre radius, residents have access to four of the Upper North Shore’s most prestigious schools: Knox Grammar, Barker College, Pymble Ladies’ College, and Abbotsleigh, which only further strengthens rental appeal and price growth for investors.

[smartcode_project:default project_id=135247 project_image_fid=262183]

Wahroonga also satisfies two other key investor metrics: low vacancy and solid rental yields. According to SQM Research, the region’s vacancy rate sits at just 1.3 per cent, while the gross rental yield for units is 4.2 per cent — outperforming the Lower North Shore at 3.8 per cent.

The first stage of Wahroonga Estate, The Residences, will feature 128 one-, two-, three-, and four-bedroom apartments across three mid-rise buildings. The development targets owner-occupiers — a demographic that also appeals to investors, as it aligns with the profile of their likely tenants.

[smartcode_project:default project_id=135247 project_image_fid=284380]

Notably, The Residences avoids costly amenities, helping to keep strata fees relatively low compared to developments with extensive facilities like rooftop pools. The development will still provide significant amenity, more geared around the natural surrounds. There will be over 8,000 sqm of private landscaped gardens, a pet-friendly green spine, a BBQ pavilion, a dog wash bay, and a residents’ lounge equipped with a boardroom-style meeting space and kitchenette.

While most early interest in the apartments has come from downsizers within the Upper and Lower North Shore, <a href="https://www.urban.com.au/developers/capital-corporation">Capital Corporation</a> has recently seen increased activity from investors.

According to Jim Hunter, Director at Capital Corporation, the uptick is driven by two key factors: the declining interest rate environment and the strong quality and appeal of The Residences at Wahroonga Estate.

[smartcode_project:default project_id=135247 project_image_fid=262186]

“There’s nothing on the horizon for Wahroonga that compares to Wahroonga Estate,” Hunter says. “We’re expecting investors will benefit from both strong yields and long-term capital growth, and demand from the rental market when the first stage is ready for occupancy.”

Construction of The Residences is expected to begin later this year, with completion anticipated by mid-2027.

[smartcode_project_cta:default project_id=135247]

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