DOMA GROUPS LATEST HARBOURSIDE APARTMENT PROJECT HUNTINGTON GOES ON SALE

Twelve months since Newcastle harbourside development Lume sold out in a “ground-breaking” five days, Canberra-based Doma Group have released their latest waterfront project to market.

“I suspect that it will be really well received. I suspect that the owner-occupiers will be out in force and that they will be fighting to secure one, for the sole fact that it’s a team that people have trust in that will deliver a really good, world-class product.

“You’ve got a high level of finish, size of apartment and an uninterrupted view. They’re the things that buyers want and there’s no less buyers in the market at the moment. Buyers have just had more choice.

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“There’s more projects but if you’ve got a superior project in the best location with the best product offering, the best level of finish and it represents value in terms of price then there is no reason why that will not sell well.”


HALCYON ON HONEYSUCKLE RECEIVED WELL

Agent Dane Crawford, of Colliers International, reported sales for Halcyon were going “extremely well”. Halcyon in Honeysuckle Drive is the latest Doma Group development to hit the market after its 52 apartments were released to market at the start of August. The development comprises one, two and three-bedroom apartments and Mr Crawford said they have “been selling half a dozen per week”. “The uniqueness of the product is that the stock that’s available is quite large in comparison to other products in the market, so that’s been a really unique and exciting point of difference for buyers,” Mr Crawford said.

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MORE UNITS HIT MARKET

Apartments in Doma Group’s latest Honeysuckle residential development will hit the market on Friday.

The 52 “Halcyon” units, designed by high-profile Australian architects Bates Smart, will be spread over four floors above Doma’s five-storey Little National Hotel on the south side of Honeysuckle Drive.

“With the success of Lume on the waterfront and the demand for apartments in the Honeysuckle precinct, we have a healthy database of buyers waiting for the opportunity to enter the market, and our agents are preparing them for the launch of Halcyon,” Colliers residential director Dane Crawford said on Tuesday.

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Odeon Apartments on Brunker Road in Broadmeadow released to market

Affordability, location and design are set to be the key selling factors of Odeon, a $6 million 28-apartment development planned for the site on the corner of Brunker and Koree roads in Broadmeadow. That was the opinion of Dane Crawford, director of residential project marketing for Colliers International.

Odeon, designed by ELK and developed by Ro-Co Urban Development, is being marketed as having “a timeless art deco facade”.

It will comprise a mix of one, two and three-bedroom apartments and will feature a communal rooftop terrace.

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ODEON COMING TO MARKET

ODEON COMING TO BRUNKER ROAD More than 300 new apartments across eight projects are planned for the Brunker Road strip between Broadmeadow and Adamstown and Colliers International's Dane Crawford will soon start marketing the newest proposed development, Odeon Apartments.

"It used to be a pretty large entertainment precinct back in the day, so we've given that heritage a bit of a nod with the name, which is Greek for theatre," Mr Crawford said.

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STRONG INTEREST IN NEW OFFERINGS

IT TOOK just five days to sell out harbourside apartment development Lume off the plan last year and it appears there will be plenty of demand for Doma Group's latest projects when they hit the market.

Dane Crawford, of Colliers International, will market Halcyon and Huntington on Honeysuckle Drive and The Crossing in Merewether Street.

Across the three developments, all expected to come to market this year, there will be 192 new apartments in harbourside locations.

Mr Crawford said over 600 groups had registered their interest for the three new projects with Halcyon expected to be the first to come to market.

All three developments are still awaiting Development Application approval.

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CRANES MARK CHANGE

“Ten cranes now dot the skyline around Newcastle,” the April report says.

This is the highest number of cranes observed since the start of the index, and anecdotally the highest number ever observed in Newcastle

Cranes working on residential constructions represent 60 per cent of all observed in Newcastle.

Colliers director of residential property marketing Dane Crawford said the city was now in “history-making mode.”

“There is an unprecedented amount of private and government investment in Newcastle,” Mr Crawford said.

The growth was fuelled by a mix of factors.

“Newcastle has been a challenging place to develop due to undermining,” he said. “The grouting fund has brought certainty and less risk to developers.”

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HUNTER PERSPECTIVES ON HOUSING AFFORDABILITY

The HRF Centre’s First Home Buyer (FHB) affordability index was at its highest level (most unaffordable) in June 2017. At the Hunter economic breakfast on 16 February, we asked a panel of local experts to comment on housing affordability in Newcastle and the Hunter.

Dane Crawford is a member of the Property Council’s Hunter Future Directions committee and Director of Project Marketing at Colliers International. He said that the NSW Government’s investment in the light rail project had heralded a rapid rise in capital investment in private housing in Newcastle. It had attracted large companies not seen in the region before.

When questioned about what would make developing affordable housing more attractive to private investors, Mr Crawford said that the government should provide incentives.

“The cost of getting a plan through the system is ridiculous, and construction and holding costs are rising,” he said. “We need a clear incentive and a commercial outcome for everyone involved. Developers will not deliver affordable housing at a loss.”

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Third building in first stage of East End development unveiled to the public

Fabric House will be unveiled on Saturday and Dane Crawford, of Colliers International, expected “a flurry of people coming to secure their piece of history”.

“This is my favourite building so far, out of stage one,” Mr Crawford said.

“How that new piece is actually integrated into that old existing art deco building is something truly remarkable.

“The brick detail in this building is exceptionally complex. They are going to hand-lay each of those bricks and it’s almost like a painting.

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Hunter Street mall redevelopment a step closer

The redevelopment of Newcastle’s Hunter Street mall could begin early next year, after its backer Iris Capital lodged a development application with Newcastle council on Friday.

The master-planned East End will be released in “boutique stages” of one, two and three-bedroom apartments totalling about 500, with about 4,900 square metres of mainly boutique shops and cafes at ground level and 2,700 square metres of office space.

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