Wentworth Point

It was a move back to Sydney that prompted entrepreneur Brett Boyle and his wife to secure an apartment in Piety Group's Wentworth Point development, ONE The Waterfront.

Following a two-year stint living in their Blue Mountains home during COVID, the couple returned to the city, and rented an apartment in ONE The Waterfront, the most recently completed building in Piety's waterfront precinct. They went on to buy a two-bedroom apartment in the same building.

Now with a baby on the way, the growing family decided to upsize, selling their apartment for a healthy eight per cent gain and staying put in ONE The Waterfront, buying a three-bedroom unit.

Boyle says the couple have lived on and off in Wentworth Point for the last decade or so, given it's where his parents reside.&nbsp;So when it came time to head back to the city, Piety's nine-building community offered a rare opportunity to live in a near-new apartment in an area they knew well.

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"We looked at buying an apartment when we first made the move back to Sydney, but we decided initially to rent within the precinct, to make sure it was the right fit for us," Boyle, who runs the business consultancy firm RiseUp, told Urban.

"Within six months, we bought in the same building."

Boyle says they were impressed with the quality and the level of detail in the project.

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"We were confident in both Piety's track record and what we'd physically lived in and owned. We had no problem committing to upsizing within the precinct knowing what we know about the developer," Boyle says, adding that he's now recommending to his family and friends to buy into the project.

"It has a real community-vibe, with the extensive resident amenity meaning you can socialise around a swimming pool or a barbecue area without having to travel far."

On top of the resort-style pool and barbecue areas, residents of ONE The Waterfront have access to a&nbsp;fee free commercial gym, tennis courts, and outdoor rooftop cinemas. There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

Boyle also noted the extended level of care from the Piety team, who are still actively involved in the development well past its completion.

"It's not a case of them selling the apartment and moving on. Piety continue to maintain a high-level of customer experience. The building managers do a very good job of maintaining the project."

Boyle took advantage of the generous incentive which was on offer when he bought the three-bedroom apartment, securing free strata levies for two years.

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Laver Residential Projects saw a huge uplift in interest since they released the incentive earlier this year. The incentive is still available for a limited time.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/how-piety-group-are-attracting-first-home-buyers-and-investors-to-one-the-waterfront-apartments-in-wentworth-point">How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</a>

First home buyers have also shown significant interest since the NSW Government signed off on the changes to stamp duty. Now&nbsp;a first home buyer won't pay any stamp duty when buying an apartment in ONE The Waterfront, given the most expensive three-bedroom remaining is priced at $1,109,000, well below the new $1.5 million cap.

Late last year Piety submitted plans for the final two towers in the waterfront precinct, which they started developing back in 2010.

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Boyle says they were impressed with the quality and the level of detail in the project

Joel Robinson

Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&A

Despite generous government incentives in place for first home buyers, and investors seeing record rental yields due to the current rental market boom, both demographics are contracting when it comes to new lending.

First home buyer numbers dwindled again in November, to be over 30 per cent down since November 2021 and 50 per cent down from the January 2021 peak,&nbsp;according to stats from the Australia Bureau of Statistics.

Investor loans written declined 3.8 per cent in November to be 23 per cent down since November 2021.

Some developers are putting their strongest foot forward to differentiate themselves from other developers and projects, offering their own incentives to prospective buyers.

Traditionally, given investors and first home buyers are traditionally very different buyers, developers tend to offer two different incentives which cater for each of their needs.

Developer Piety Group are offering free strata levies at their recently completed Wentworth Point apartment precinct,&nbsp;ONE The Waterfront.

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The two years of no strata levies equates to around&nbsp;$11,000&nbsp;in savings. They're also offering&nbsp;for a limited time&nbsp;purchasers&nbsp;to exchange&nbsp;with just a five per cent deposit, as opposed to the traditional 10 per cent.

The one-bedroom apartments in ONE The Waterfront are priced from $599,000, meaning buyers will only have to face an upfront cost of $30,000. The apartments, despite complete, still fall under&nbsp;the&nbsp;first home owners grant threshold

First home buyers also now can pay no stamp duty on apartments under $1.5 million, as part of the NSW Government's new First Home Buyer Choice scheme.

Sam Elbanna&nbsp;from project marketer&nbsp;Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city.

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"There is simply no way this development can be replicated and sold at these prices again in such close proximity to the Sydney and Parramatta CBD’s," Elbanna added.

"The apartments are well thought out, finished superbly and located in a genuine resort style development with swimming pools, a fee free commercial gym, tennis courts and outdoor rooftop cinemas," Elbanna said.

There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

The new scheme is part of a conscious effort from Piety Group&nbsp;and Laver Residential Projects&nbsp;to offer their buyers the best value for money compared to their competitors.

&nbsp;

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Toward the back end of 2022, Piety&nbsp;and Laver Residential Projects recognised that buyers were concerned about increases in interest rates,&nbsp;consequently&nbsp;offering an industry first&nbsp;freeze on interest rates hikes&nbsp;so buyers, both owner-occupiers and investors, could freeze their rate when they purchased. The offer&nbsp;covered the cost of future interest rate rises of up to one per cent over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.&nbsp;

The incentives have seen buyer demand surge right through Christmas and into 2023, with a number of the one-bedroom apartments picked up by both demographics, and some quickly rented by investors.

A 2017 buyer of a one-bedroom apartment recently secured nearly $600 a week, representing a rental yield of over five per cent,&nbsp;considerably higher than the average rental yield of 3.4 per cent in and around Sydney. The apartment was snapped up after just one day.

The Amalfi Drive development,&nbsp;is&nbsp;conveniently located for commuters near the Sydney Olympic Ferry Terminal and&nbsp;has&nbsp;easy access to the Western Motorway,&nbsp;It&nbsp;was designed by Stanisich Architects who say ONE The Waterfront is crafted, contemporary and connected - three key ideas that underpin the aesthetic for the development.

&nbsp;

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The project sits on the doorstep of Bay Park's 5,000 sqm of parklands, which feature a children's playground, fitness station, and further barbecue facilities.

“Buyers are yet to grasp the likely value increases that are coming due to a number of factors,” Elbanna said.

“The new light rail station is opening up directly in front of the development providing&nbsp; fantastic and convenient public transport, whilst the new surf park will provide further entertainment for residents.”

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Sam Elbanna from project marketer Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city

How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point

City Freehold Projects are continuing their development descent on Wentworth Point, lodging plans for the second stage of their masterplan on Hill Road.&nbsp;

The first stage, Block D, is costing a reported $121 million, and is due for completion in June 2023, with the latest plans lodged for Block C.&nbsp;

Some 300 apartments are set to be constructed across four buildings, which will range in height from seven-storeys to 20-storeys.&nbsp;

Tower one will be the grandest tower of the lot, soaring 20-storeys, with a 16-storey shoulder and 144 apartments. Tower two will top out at eight-storeys and will include 57 residences, while towers three and four will max out at seven-storeys, with approximately 50 apartments penned for each. A six-storey link building will also connect towers two and four.&nbsp;

<img alt="Render of the Wentworth Point development" data-entity-type="file" data-entity-uuid="9df8a054-99d5-4357-8c59-61ce0d116cdb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-30%20at%205.28.52%20pm.png?VersionId=xdhExGlNIRSR83O3ZSBu17FSS7R2mm1g" />

A mix of one, two, two-plus and three-bedroom apartments will be delivered across the towers, with architecture firm Bates Smart engaged to handle the designs.&nbsp;

The 9,053 sqm site will be bounded on three sides by new roads, Monza Boulevard to the northwest, Marine Parade to the southwest and Verona Drive to the northeast. A new public park is also set to be delivered across from Monza Boulevard, as part of the next stage of Block B.&nbsp;

The main entry and primary address for the development is located below tower one, diagonally facing the future public park on Monza Boulevard. Secondary entrances and communal amenities activate the public pedestrian link which will connect Block D to Block B.&nbsp;

The three tower forms come to ground and are emphasised with a vertical facade expression, producing an elegant elongated form.

In tying in with Block D, and the developing family of buildings forming the masterplan, a collection of townhomes line the base of the podium, with precast concrete, bronze metal fins and glazed screening making up the upper levels of the apartments.&nbsp;

<img alt="Render of the Wentworth Point development" data-entity-type="file" data-entity-uuid="e143719a-b09b-4566-b58d-c062dca5363a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-30%20at%205.27.52%20pm.png?VersionId=D3D9LzKW0dK4WUoOweCM5MUj2XDlU7Qw" />

“We propose a refined facade approach which contrasts strong horizontal expression on the streetwall buildings with an equivalent vertical expression to the tower,” Bates Smart said in their application plans.

A communal green podium will make its home across level three, providing an open connection between the buildings and residential amenities. The podium is set to feature a gym, working spaces and quiet rooms, as well as a lounge with media facilities and barbecue space across the open podium. Further amenity will be provided across level 17, where a dining room and lounge open out to a rooftop terrace and pool.

The apartments that will face the podium will benefit from enlarged private courtyards which are shielded by planted buffer zones and concealed fences.

alisonwarters@gmail.com

City Freeholds lodge second stage of Wentworth Point masterplan 

Sekisui House has received development approval for Stage 2 in the company’s $2 billion Sanctuary masterplanned community in Sydney’s Wentworth Point,

Designed by PBD Architects, Stage 2 will comprise of two buildings, Laguna and Glade, which combined will home 171 waterside apartments. Laguna will rise&nbsp;13 levels and will have 101 apartments, while Glade will reach eight storeys and have 70 apartments.

Connecting both buildings will be a 3,150 sqm neighbourhood green, a landscaped public open space featuring a covered communal dining area, waterplay and multiple green break out area.

As part of Stage 2’s delivery, a recreational facility, known as Revive, which will feature an indoor swimming pool, spa, sauna, and gym, will also be completed.&nbsp;

Zac Petrovic, Senior Development Manager – Apartments &amp; Mixed-Use Developments at Sekisui House Australia says Stage 2 has been developed as part of the broader Sanctuary masterplan.

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"Stage 2 has been designed to act as the heart of the Sanctuary community, with the journey through Laguna and Glade effectively connecting all stages," Petrovic says.

"A comprehensive placemaking strategy has also been created to provide residents with desirable recreational amenities and a cohesive, well considered walkable community.

James McCarthy, Director at Turner Studio who designed the wider Sanctuary Park masterplan, says every stage in Sanctuary has been meticulously planned to maximise natural light and capture surrounding waterfront and park views to maximise the context of this unique site.

“Building forms reflect the gentle curves of the Parramatta River, integrating architecture and nature to create a perfect synergy. Natural materials will be used, inspired by the development’s waterfront location. The lower rise building Glade is designed to offer residents an enhanced spatial experience, while the inclusion of a neighbourhood green acts as a place catalyst.”

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Sanctuary’s masterplan spans 9.4 hectares across six stages and will provide a vibrant mixed-use precinct with around 2000 waterfront apartments, retail and other community amenities. The first building stage, the gateway to Sanctuary, was completed in November 2020.

The masterplanned community is located approximately 16 kilometres from Sydney’s CBD. Sanctuary is within a two-minute walk to Sydney Olympic Park Ferry Wharf. Bus, ferry and train (Rhodes) networks directly link with major transport nodes, 45 kilometres of bike paths surround Sydney Olympic Park and over 47 hectares of nature reserves surround the site.

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Designed by PBD Architects, Stage 2 will comprise of two buildings, Laguna and Glade, which combined will home 171 waterside apartments.



First look: Sekisui House secure approval for Sanctuary, Wentworth Point masterplan second stage

Having completed One The Waterfront in Sydney's Wentworth Point, busy apartment developer Piety Group is onto its final stage of their Wentworth Point project.

They've submitted plans for two more buildings, at this stage just known as Building F and Building C, which will bring a further 155 apartments to the area which was not so long ago just mud flats.

The development will have 620 apartments across nine buildings with the new apartments since Piety Group started the $520 million development phase in 2010.

Turner Studio noted in their architectural report submitted to the Parramatta council that the architectural form of the two towers seeks to acknowledge the pattern of the substantially completed One The Waterfront residential development.

<img alt="A proposed building" data-entity-type="file" data-entity-uuid="99c63429-a1c0-45fb-8007-7f53b0078340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.36%20pm.png?VersionId=L8oH8jbEu6lqeLA.ygFDJ0cG4BI8Svr3" /> 
A render of Building C. Image credit: Turner Studio

They noted that the&nbsp;built form of the previously approved development applications have allowed for stepping in the facade alignment, and substantial indents in the built form along Bennelong Parkway.

"These result in a highly articulated streetscape and urban design outcome," Turner suggested, adding that the proposed built form opens up view lines into the central podium courtyards to Bennelong Parkway that improves the permeability of the scheme.

"The new buildings are in keeping with their adjoining context and will marry with the remainder of the scheme. Their stepped building form will further enhance the articulation of the precinct’s streetscape."

<img alt="Building F" data-entity-type="file" data-entity-uuid="e0495a65-175e-4b16-bc61-aff866e1ecc1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.25%20pm.png?VersionId=ysmLohibLzmMPUjNleUAMPa1X7n86eh5" /> 
A render of Building F. Image credit: Turner Studios

They say the proposal significantly improves the building separation distances already achieved within the already completed components of the scheme.

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

"The proposal seeks to create a lush green landscape that frames and envelopes the proposed new Buildings E &amp; F. These new additional landscaped spaces will complete a network of green links that connect Homebush Bay to the Millenium Parklands, and the adjacent Bay Park to the Haslams Creek wetlands."

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

Piety Group submit final stage of Wentworth Point masterplan

While buyers continue to watch the RBA raise interest rates which, in turn, is damaging prospective buyers potential spending capacity, Sydney developer Piety Group is looking to offset any fears of future rate rises.

As an industry-first, Piety Group, in conjunction with Laver Residential Projects who are selling and marketing the newly completed luxury lifestyle apartments at ONE the Waterfront in Wentworth Point are making a unique ‘freeze your rate’ offer to investor and owner-occupier buyers.

The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.

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James Quigley, Managing Director of Piety Group said they believe the direct cost saving will appeal to both owner-occupiers and investors alike.

Sam Elbanna, Project Director at Laver Residential Projects, calls it a fantastic initiative.

“This is the first of its kind that I can recall in the Sydney market and I think this will give people confidence and, more importantly, peace of mind when buying," Elbanna said.

"There has been uncertainty - however, we know from experience this is likely to be a short-term rate hike for buyers and our offer can help overcome this.”&nbsp;

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The offer applies across the range of one, two and three-bedroom apartments at the brand-new resort-style ONE the Waterfront complex located at Wentworth Point, with prices starting from&nbsp;$599,000. The rate freeze applies for both owner-occupier and investor mortgages.

Piety Group recently lodged plans for the final stage of their Wentworth Point masterplan, adding another 155 apartments to the precinct.

The RBA has now hiked the cash rate in five consecutive months, with experts suggesting there are still a few more rate rises expected in 2022.

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The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate

Piety Group offer 'freeze your rate' at One the Waterfront, Wentworth Point apartments

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A new development at Wentworth Point, in Sydney’s western suburbs, is utilising smart technology to attract buyers for its final stage of release.
All apartments at One the Waterfront by PietyTHP comes with the built-in home automation technology that can control an entire home environment and increase security.
A wall mounted tablet acts as the main user panel to operate the device. It allows for lighting, audio and TV control, as well as remote intercom connection with direct access to the 24 concierge service located in the private lobby.
The Push System and fibre optic network also provides superfast internet and is offered as a standard inclusion in all one, two or three bedroom apartments.
“In the past decade technology has advanced rapidly. We have smart phones, smart cars, even smartwatches however most new apartments have remained in the stone ages,” remarked Rhys Morgan, national sales director at LINK.
“Properties of the future will connect and integrate people’s lives where lights, music and blinds can all be controlled from your phone whether or not you’re even in the building. One The Waterfront is leading the smart home revolution by offering this to buyers now.”
When completed, the Wentworth Point development will comprise nine buildings set along the waterside.
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Smart tech a seller for One the Waterfront in Wentworth Point

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Australian cricket legend Glenn McGrath is selling an investment apartment at Wentworth Point, in Sydney's riverfront western suburb.
The right-arm seamer, who in recent years has become a carbon farmer, paid $545,000 for the 110 square metre, two bedroom unit in 2009, just before he retired from all forms of the game.
The two bedroom apartment in the Palermo complex was just two years old when McGrath bought it direct from the developers Payce Properties.
He attempted a sale at $750,000 mid last year, but then pulled it from the market.
Cobden &amp; Hayson Drummoyne agents Shane Howley and Frank Colacicco are now marketing the unit, which has been a rental in recent years. 
They say this time round the apartment is vacant and presents very well.
McGrath donned the baggy green for the first time in 1993 having grown up on a sheep and wheat farm near Dubbo, where he still owns a three bedroom home.
He stuck to his roots and still owns a couple of hundred sheep and cattle in Bourke near the Gundabooka National Park.
The Cronulla local is Australia's most successful bowler and still has the highest number of Test wickets by a fast bowler, despite retiring from Test cricket 10 years ago.
His last test game was the fifth Ashes Test against England in Sydney in 2007 where he took a wicket with the last ball of his Test career.
The same year he retired from all forms of international cricket after Australia won the 2007 Cricket World Cup before spending the 2008 Indian Premier League season with Dehli.
This article first appeared in The Daily Telegraph.
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Glenn McGrath lists Wentworth Point investment

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The former Bachelor contestant Bec Chin and her fiancé Dean Vicelich have secured $726,000 for their Wentworth Point apartment.
McGrath Concord agent Ania Aquino sold the home as the couple, who will marry next month, are off to Chipping Norton.
There was a $720,000 price guide for their well-appointed apartment which occupies a private corner in the Lipari block.
The dietitian was in the 2015 Bachelor series where Sam Wood chose Snezana Markoski in the show’s finale.
Dean Vicelich, a former rugby league player in the NSW Cup grade, and Chin have a baby, Savannah Rose born last December.
He is a director at Smart Property Projects, a building and refurbishment company specialising in healthcare projects.
This article first appeared in The Saturday Daily Telegraph.  
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Bachelor contestant Bec Chin and Dean Vicelich sell at Wentworth Point

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Former NRL champion Todd Carney has quickly found a buyer for his Wentworth Point investment apartment.
He's accepted a $500,000 offer, up from its $480,000 guide. 
It was Carney's first property purchase when he paid $395,000 back in 2007 when he was at the Canberra Raiders.
The 86 sqm, one bedroom rental apartment on the sixth floor of the Lipari building was sold by Frank Colacicco at Cobden &amp; Hayson.
The Goulburn-born play-maker is now in the English Super League with Hull Kingston Rover after being released from his Northern Pride contract in Queensland.
He sustained a calf-injury on his home debut in a defeat to Salford earlier this month. 
Carney's property portfolio includes apartments in Coogee, Waverley and Sans Souci.
This article first appeared in The Saturday Daily Telegraph. 
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