02.11.18

Setting Records in Penrith

Western Weekender Penrith Penrith’s newest property development, CABE’s East Side Quarter (ESQ) broke ground ahead of schedule last month due to outstanding sales success. The $500 million development next to Penrith Panthers also announced the appointment of local builder Astina Group. With stage one of the project already 77 per cent sold, the development is outperforming all other projects in western Sydney and broader Sydney, according to agents, Colliers International and PRD Penrith. “ESQ’s sales success is a result of the strong Penrith community support for the project, with locals drawn to its lifestyle offering and vibrant urban village setting,” CABE CEO Andrew James said. “It has appealed to all buyers from downsizers, to investors and first home buyers who understand the uniqueness of the site and its offering with running tracks, lakeside dining, wine bars, entertainment, high quality apartments and landscaped areas that would cover 10 football fields.” A record apartment price for Penrith of $950,000 was achieved with the sale of a penthouse style, three bedroom apartment. Director of Residential Project Marketing of Colliers International, Blake Schultze said most purchasers have come from the local Penrith area or the Blue Mountains. “Buyers have been motivated to snap up an apartment as they understand the strong growth potential of Penrith and the western Sydney economy,” he said. The appointment of Astina Group is great news for the local economy with the full amount of Penrith’s trusted tradespeople employed to complete the development. “As we are family owned, operated and residing in Penrith, being part of such a major project for not only Penrith but western Sydney means a lot to us,” Co-founder of Astina Group, William Schrumpf said. “We’re proud to be a part of delivering a new lifestyle for our growing community and look forward to exceeding their expectations.” The stage two release is scheduled for February 2019. Visit www.esqpenrith.com.au. – Nicola Barton

21.12.17

New Homes: We look at three of the best waterside developments

This state has some of the most beautiful waterways in the world so it’s no wonder developers are seeing their potential. Up on the northern beaches, developer CABE is tapping into the over-55s luxury housing market with a swish offering at Bayview, on the doorstep of Pittwater’s yachting and boating playground. The boutique project of five residences is also close to Mona Vale and Newport beaches and has walking tracks nearby, including to Church Point. Prices in the eco-friendly building, designed by Lesiuk Architects, start from a cool $2.5 million. Meanwhile in the southwest of the city, construction has begun on The Paper Mill in Liverpool, whose developers are promising to spark a new era of waterfront living for the area. Coronation Property has a vision of residents strolling and cycling along the Georges River boardwalk in what it says will become a “food, local produce and beverage” hub with community facilities and cultural pursuits. The first sod at the former industrial site was turned this month after a second wave of apartments was released for sale. Another centre undergoing gentrification is the city of Newcastle, which has had an overhaul of its waterfront areas in the last decade. Sydney developer Thirdi has launched its third development in the city, a two-tower apartment block just to the west of the CBD known as WestEnd. Future residents might spot former Australian cricket captain popping in the Newcastle CBD for holiday supplies – Clarke has recently snapped up a weekender in the Johnson Property Group’s Trinity Point development at Lake Macquarie, about 50 kilometres south of the former steel city. Watersedge, 2079 Pittwater Rd, Bayview Three-beds 279-313 square metres $2.5 million+ Penthouse 457 square metres $3.5 million Strata levies From $2204.33 a quarter Due for completion December 2016 Agent CABE, (02) 8818 3600; cabe.com.au Three of the five exclusive over-55s apartments at Watersedge have already sold – including the 260 square metre penthouse, which traded for $3.5 million after initial expectations of about $3.7 million. Watersedge has been designed by Lesiuk Architects, a firm known for its Balinese design bent and eco-friendly approach. The internal look and feel was crafted by SJB Interiors. The building will employ the power of nature, with plants cascading over the exterior to give residents greater privacy and help cool the interiors in summer. CABE development manager Joe Bevacqua expects the two remaining apartments to sell before Christmas. He says the business is interested in developing more small, premium projects “should the opportunities and zonings present themselves”. WestEnd, 3-13 Charles Street, Wickham One-beds 51-60 square metres $327,500+ Two-beds 68-75 square metres $481,500+ Three-beds 92 square metres $757,500+ Strata levies From $715 a quarter Due for completion 2017 Agent 02 9409 7200; westendnewcastle.com.au The gentrification of Newcastle’s former industrial areas is stepping up with several new apartments on the drawing board at Wickham, to the west of the CBD. One of those is WestEnd, a 126-apartment offering that will be housed in two buildings ranging from nine to 10 storeys high. Wickham will be given a boost by a proposed $75 million state-government transport interchange to be built in the suburb. It will allow commuters to switch between trains, light rail, buses, taxis and private cars. WestEnd will have the Newcastle CBD on one side and the harbour foreshore and the Hunter River mouth on the other. The apartments will be close to a walking trail that stretches along the foreshore to Nobbys Beach and lighthouse past a series of restaurants and cafes. The Paper Mill, 20 Shepherd Street, Liverpool One-beds 57-59 square metres $420,000+ Two-beds 77-96 square metres $542,500+ Three-beds 95-130 square metres $700,000+ Strata levies From $600 a quarter Due for completion 2017 Agent CPC Sales, 1800 78 33 22; www.liveatthepapermill.com.au AFTER selling out of apartments on the lower floors of The Paper Mill earlier this year, developer Coronation Property has recently released 88 apartments in its river-front Liverpool offering. The Woods Bagot-designed apartments are being built where one of Australia’s oldest and largest paper mills once operated. The design will blend re-purposed 19th-century heritage-protected industrial buildings with modern apartment towers. The Paper Mill is 650 metres from Liverpool station and has buses nearby. Construction of the 29-storey development began this month. The project has proved popular with buyers.  More than 500 apartments and two-level town homes have already been sold at the site, which incorporates The Paper Mill and The Bindery. View the full article here. 

21.12.17

Booming Over 50s Resorts Shaking Up Retirement Sector

Luxury lifestyle communities for the over-50s has exploded over the past few years, with many developers taking the opportunity to change the face of the retirement sector. CABE is one developer that has expanded its range of residential projects by releasing a premium Sydney collection of apartment homes, exclusively for the over 5os market. Watersedge is positioned on the coveted Pittwater’s foreshore in the Sydney suburb of Bayview on Sydney’s Northern Beaches. CABE Managing Director, Lou Zivanovic said the launch of Watersedge at Bayview is a unique offering for the over 50s market which traditionally comprises of higher density projects. CABE’s Watersedge at Baysview[/caption]“Making the decision to downsize doesn’t mean that buyers have to compromise on size and design. Watersedge is an opportunity to secure a beautifully appointed apartment home that still offers spacious living and entertaining areas, as well as a design that speaks ‘luxury’ and ‘high-end,” Mr Zivanovic said. Far from a retirement home in a traditional sense, Watersedge at Bayview is designed to set new benchmarks in over 50s living. Designed by the renowned Lesiuk Architects, the project has been created to offer high-end luxury with an eco-friendly design sensibility and a focus on low-maintenance living. CABE’s Watersedge by Baysview[/caption]Developer Halcyon is another developer set on capturing the over 50s market with their Vision community on Queensland’s Hope Island and Halcyon Glades at Caboolture. Vision by Halcyon[/caption]The $60 million Vision development comprises 88 homes with Halycon joint managing director Bevan Geissmann has responded to the baby boomers’ desire to downsize their financial commitments while upsizing their lifestyles. “Our communities are tailored to maximise lifestyle while offering no exit fees and the opportunity to secure solid capital gains,” he said. Designed by DC8Studio, Director Riccardo Rizzalli said there was a focus on ‘retreading’ rather than ‘retiring’. “Our approach goes beyond the design of the dwelling and integrates it with the design of the community realm to create a stronger and more cohesive design outcome,” Mr Rizzalli said. “We brought this approach to both projects and made modifications to the masterplans that created designs that will grow with the community and help create a truly better place to live.”Dr Geissmann said, “Today’s baby boomers have high expectations for their retirement lifestyle, so location and design of the home are both vitally important. “As a developer of over 50s communities our focus weighs heavily on these aspects. “It’s why we invest a lot of time into researching market trends, finding the right sites, developing masterplans and creating homes that respond to the needs of modern seniors.”Pradella Property Ventures and their award-winning Seachange Village Arundel and Seachange Village Emerald Lakes is another developer that is leading the charge with five-star over 50s living, only recently taking out a UDIA award in seniors living category. Pradella Property Ventures’ Seachange Village Arundel[/caption]Seachange Village Arundel Project Director Phil Goodman said the developer’s original vision was to create a community that would allow its residents the opportunity to enjoy the best time of their lives. “The Seachange vision was to create a community that would allow them to make it happen,” he said. “We are extremely proud of what we have delivered at Seachange Village Arundel. Not only is the development a unique offering for the over 50s demographic, but the quality of construction and design is outstanding.”Integral to the Seachange Village Arundel lifestyle is the world-class Country Club, just a short walk from any home in the development. Luxury facilities include dining areas, club lounges, games rooms, a library, bowls club, seven championship bowling rinks, 32-seat cinema with tiered seating, craft room, workshop, two floodlit tennis courts, indoor heated pool and outdoor lagoon pool, spa and gym, sauna, steam room, wine room and dance floor. Pradella Property Ventures’ Seachange Village Arundel[/caption]“We are catering to an increasing segment of Australia’s population who demand very specific housing, so recognition from UDIA has provided a strong endorsement of the vision we set out to achieve,” Mr Goodman said. View the full article here.

07.08.18

Market News