Month: September 2022

Third.I and iNSiTU Housing have teamed up to deliver accessible homes and amenities for NDIS participants along Australia’s east coast.

The partnership expansion between the two entities will see an increase in accessible housing created by Third.I. All of the developer’s projects in Newcastle feature SDA apartment offerings, and hopes to bring U-Homes to Port Macquarie, Coffs Harbour and Tweed Heads.

iNSiTU have been assisting NDIS participants with accessible housing since 2014. Caitlyn Morrissey, an NDIS participant who is wheelchair bound, came across the company after struggling to secure an accessible residence.

“Before iNSiTU I was living and renting with my family on our farm in rural New South Wales so I couldn’t access care facilities and lifestyle amenities. I wasn’t able to live my life properly,” she says.

“From when I approached Insitu to where I am now, I couldn’t fault the amazing team at iNSiTU for all their hard work. The process for SDA funding can be a time consuming process and the Insitu team has made the process absolutely worth it. They kept me up to date, were calm and ensuring and helped ease my transition from rural living to urban care.

“I’ve been in Newcastle in my apartment now for around eight months and I couldn’t be happier. The level of offering for an accessible home is just outstanding and a testament to Third.i. I now live right near the train station so I am finally able to access everything I need easily. I have more access to a greater lifestyle and access to more activities.”

Third.I’s Eaton on Union, where Morrissey resides, comprises 10 purpose-built SDA apartments that are NDIS compliant. Ashleigh Button, iNSiTU’s General Manager, says the company has been built on a desire to ensure people with disabilities are provided with the tools needed to live free of stresses caused by inaccessible housing.

“At iNSiTU Housing, we believe we have the opportunity and responsibility to enable people with disabilities the right to equality within our communities and that includes the availability of suitable accommodation,” she says.

“We help thousands of people access the perfect homes for their needs and it’s incredible seeing cases like Ms Morrissey’s and the way we’ve been able to play a part in changing her life, it’s in incredible feeling and I couldn’t be happier to work with Third.i to deliver change in our communities.”

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PROPERTY developer Third.i is partnering with specialist disability accommodation provider iNSiTU Housing to deliver greater access to accessible homes for NDIS participants.

The partnership will see more Specialist Disability Accommodation (SDA) residences for NDIS participants across the east coast of Australia, with a focus on delivering innovative housing solutions for homes with tailed facilities.

The new project will include 10 purpose built SDA apartments that are NDIS compliant, with management by a subdivision of Third.i, Thirdicare.

“At iNSiTU Housing, we believe we have the opportunity and responsibility to enable people with disabilities the right to equality within our communities and that includes the availability of suitable accommodation,” said Ashleigh Button, general manager at iNSiTU Housing.

Since its inception in 2021, the partnership between iNSiTU Housing and Third.i have seen more than 150 accessible properties delivered.

This includes apartments at one of Third.i’s debut cornerstone Newcastle projects, Eaton on Union.

Located in the centre of Third.i’s emerging precinct in Newcastle, Eaton on Union comprises two residential towers offering a mix of one, two and three-bedroom apartments, with open-plan designs, spacious outdoor areas and access to an exclusive rooftop residents-only garden.

“We help thousands of people access the perfect homes for their needs and it’s incredible seeing cases like Ms Morrissey’s and the way we’ve been able to play a part in changing her life, it’s in incredible feeling and I couldn’t be happier to work with Third.i to deliver change in our communities,” added Button.

Third.i is looking to expand its partnership with iNSiTU Housing, creating one of the country’s largest networks of SDA housing across the eastern seaboard, including SDA apartments offerings across all of Third.i’s Newcastle offerings.

Third.i recently reported  nearly $90 million in sales across the Newcastle region in a three month period, as the developer launched its freshly approved Dairy Farmers Towers, in the West End and its retirement living offering, The Merewether Residences.

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Third.I’s investment into Newcastle has bore fruit for the developer despite nationwide property downturn, with nearly $90 million in sales acquired in the last quarter of the financial year.

This follows on from the recent DA approval for Dairy Farmers Towers in Newcastle’s West End. The project accrued more than $42.5 million in sales in the last quarter, with retirement living development The Merewether Residences garnering over $47 million. Third.I already have three projects completed in the city, with Stella on Hannell, Eaton on Union and The West End Apartments all sold out.

Major cities across the country are seeing house prices fall, while regions like Newcastle have continued to grow.

“Third.i is in the midst of delivering a much-needed transformation of Newcastle’s West End precinct into a vibrant, bustling centre complete with residential living, commercial hubs and special disability accommodation for NDIS participants,” says Third.i Co-Founder Luke Berry.

“Whilst there’s been a downturn in the real estate market over the last few months due to increasing construction costs and rising interest rates, we haven’t seen a decline in activity throughout the Newcastle region.

“Newcastle is definitely defying this downturn as we’ve recorded almost $90 million in sales in just three months alone from March to June across our latest residential and retirement living projects. Demand is still high from eager buyers from the larger cities seeking out the more relaxed and affordable lifestyle Newcastle has to offer.

“Newcastle really is an underrated gem as it has everything you could ever want in a city without the continuous hustle lifestyle in major cities like Sydney. From bars and dining to restaurants and other lifestyle amenities including the large shopping centres to cater for everyone’s needs, the region is the perfect escape for those who still want a city life paired with peace and a more relaxed lifestyle.”

Third.i has established a growing legacy in Newcastle’s West End precinct, offering high quality residential projects with state-of-the-art SDA apartments and commercial and retail spaces to accommodate a growing demand for relaxed living.

The recently green-lit Dairy Farmers Towers, which launched to market earlier this year, is set to comprise 184 one, two and three-bedroom apartments over two towers and will deliver 8 SDA apartments. With construction slated to commence in late September 2022, the project will also bring to life a five-storey residents’-only shared work hub with over 1600 sqm of commercial and retail space. 

The Merewether Residences will also provide 140 luxury one, two and three bedroom apartments for Newcastle seniors. The $120 million project will be topped by 16 stunning penthouses each with a rooftop spa terrace and expansive views overlooking the golf course.

Third.I is looking to strengthen partnership with iNSiTU Housing, in a bid to create one of the largest SDA Housing networks on Australia’s east coast. All Newcastle projects by the developer feature SDA offerings, with more slated for projects in Port Macquarie and Coffs Harbour.

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Third.i Co-Founder, Luke Berry said that while there had been a downturn in the real estate market over the last few months, they hadn’t seen a decline in activity throughout the region.

Australian developer Third.i is playing their part in the charge to revitalise the Newcastle region, with a swarm of buyers snapping up almost $90 million in sales in the last quarter of the financial year.

The group has an array of projects currently transforming Newcastle, with the most recent addition landing in the heart of West End, with the development approved Dairy Farmers Towers development.

The project accrued more than $42.5 million in sales between March and the end of June this year, defying a growing property downturn in Newcastle, while Third.i’s latest collaboration with ThirdAge for retirement living, The Merewether Residences, secured over $47 million in the last quarter.

The developments join a stable of completed projects in Newcastle including Third.i’s three sold-out and completed residential buildings in the West End – Stella on Hannell, Eaton on Union and The West End Apartments. 

The latest data from PropTrack’s Home Price Index saw national home prices fall substantially from what it calls the sharpest slowdown in more than 30 years across major cities including Sydney and Melbourne, while in comparison, more affordable lifestyle regions including Newcastle have continued to grow. 

Third.i Co-Founder, Luke Berry said that while there had been a downturn in the real estate market over the last few months, due to increasing construction costs and rising interest rates, they hadn’t seen a decline in activity throughout the region.

“Newcastle is definitely defying this downturn as we’ve recorded almost $90 million in sales in just three months alone from March to June across our latest residential and retirement living projects,” Berry said.

“Demand is still high from eager buyers from the larger cities seeking out the more relaxed and affordable lifestyle Newcastle has to offer. 

“Newcastle really is an underrated gem as it has everything you could ever want in a city without the continuous hustle lifestyle in major cities like Sydney. From bars and dining to restaurants and other lifestyle amenities including the large shopping centres to cater for everyone’s needs, the region is the perfect escape for those who still want a city life paired with peace and a more relaxed lifestyle,” concluded Berry. 

The recently green-lit Dairy Farmers Towers, which launched to market earlier this year, is set to comprise 184 one, two and three-bedroom apartments over two towers and will deliver eight SDA apartments. 

With construction slated to commence in late September 2022, the project will also bring to life a five-storey residents’-only shared work hub with over 1600 sqm of commercial and retail space. 

The group’s Merewether Residences will also provide 140 one, two and three-bedroom apartments to the area, in a bid to raise the bar in retirement living.

With construction also starting later this year, the $120 million project will be topped by 16 penthouses each with a rooftop spa terrace and expansive views overlooking the golf course. 

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