Work has officially begun on the transformative Muse Potts Point project in inner city Sydney, being developed by Third.i, in collaboration with acquisition partner Toohey Miller. The development is part of a larger $100-million revitalisation of Potts Point and its surrounds.

Designed by WMK Architecture with the interiors meticulously crafted by Mathieson Architects, Muse will feature 13 luxury boutique residences, including one-, two-, and three-bedroom apartments. Spacious terraces offering sweeping views of the harbour and city skyline will be complemented by a communal rooftop featuring a residents-only pool and expansive vistas. Muse is conveniently located within walking distance of the Royal Botanic Garden, Sydney Modern Art Gallery, local dining spots, cafes, boutique shops and the scenic Sydney Harbour waterfront.

Continuing a collaboration spanning 15 years, NSW-based construction company Dilcara has once again been engaged by Third.i to deliver Muse Potts Point, with construction anticipated to complete by early 2026.

With Muse situated on Brougham Street in the vibrant fringe of Potts Point, the coveted Sydney suburb is poised for a monumental transformation, as it becomes the focal point of significant regeneration. New projects in the area including Third.i’s Muse will add a total of 35 new boutique residences across approved and proposed developments. These residences promise to provide access to everything Potts Point offers, from its vibrant food and beverage scene to the upscale boutiques lining Macleay Street, at a significantly lower cost per square metre compared to surrounding streets.

“Muse Potts Point, nestled in the heart of Sydney’s most vibrant location, is set to redefine urban living with its exceptional design and breathtaking views. We are excited to enhance the area’s iconic landscape and offer a unique lifestyle experience, blending sophistication with the dynamic spirit of Muse’s surroundings. We are thrilled to embark on this groundbreaking journey and we can’t wait to bring this project to fruition,” says Third.i co-founder Luke Berry.

Recent data reveals that Eastern Sydney suburbs, including Potts Point, remain a drawcard for local buyers seeking premium properties in heritage locations with access to a variety of lifestyle amenities. Demand remains steady among prestige downsizers seeking their next home in Sydney’s East, with Potts Point gaining popularity due to its growth potential and local cultural offerings.

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New report from leading Australian developer Third.i reveals that their one-of-a-kind residential development, Elevate Hume Place—situated above the newly opened Crows Nest Metro Station—offers a prime real estate opportunity with strong long-term value and high rental yields.

Research has revealed that over the past decade, suburbs along the Metro line have seen a 49 per cent increase in capital values, with Crows Nest experiencing a remarkable 79 per cent growth, driven by improved accessibility and future infrastructure potential*.

A review of 11 stations across Sydney shows that rental and sales prices for properties centrally located near these stations are, on average, 33 per cent higher than those on the periphery of the local government area*.

The convenience and lifestyle benefits associated with living near public transport make these properties highly desirable. Historical data shows that residential properties near transit stations consistently outperform the market in both rental rates and sales prices.

In addition to local trends, global patterns indicate a growing demand for properties near public transportation.

In Tokyo, properties within a five-minute walk of major train stations enjoy a value premium of 20-30 per cent. while Shenzhen in China has seen residential property values increase by 17-23 per cent within a 400-600 meter radius of new metro stations.

These international examples underscore the potential for significant growth in property values for Elevate Hume Place, situated directly above Crows Nest Metro Station.

Crows Nest is not only benefiting from improved connectivity but is also poised for economic growth. The Metro Station is expected to attract new businesses and residents, bolstering the local economy. As more people flock to this well-connected area, property values are anticipated to appreciate further.

Elevate offers 130 one, two, and three-bedroom apartments, thoughtfully crafted to foster social interaction through upscale communal amenities. Residents will enjoy seamless connectivity to the heart of Sydney, as demand for centrally located properties with superior transport access continues to drive growth for both buyers and investors.

Third.i Co-Founder Luke Berry says that the Metro will boost Crows Nest’s connectivity and accessibility, elevating its appeal and driving property values, while attracting new residents, visitors, and businesses to the area.

“The Crows Nest Metro station is poised to become a catalyst for commercial growth and investment in the area,” Berry says.

“The Metro will allow you to be in North Sydney, Barangaroo, and the CBD within minutes. It’s going to draw new and interesting people who want to explore the village, shop, consume and invest in the area.”

Berry says Crows Nest offers a unique blend of urban convenience and community charm.

“With its prime location, excellent amenities, strong demographic profile, and now the Metro, it’s an ideal choice for both residents and investors seeking long-term financial gains.”

The Crows Nest Metro Station has transformed connectivity for residents, placing Crows Nest just seven minutes from the CBD and four minutes from Chatswood. According to new data from the Australian Bureau of Statistics, the metro will also shorten the average one-way commute for Crows Nest residents by 18 minutes.

In addition to improved connectivity, the Crows Nest Metro introduces several upgrades to the area, including enhanced pedestrian crossings, increased pedestrian capacity, bike parking, and bidirectional cycle links, all of which promote a more active lifestyle for locals.

These improvements complement the vision for Elevate Hume Place, a project conceived by Third.i and Phoenix Property Investors with interior and exterior architecture by Woods Bagot, who also designed the Crows Nest Metro.

“Elevate will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle, amenity and long term value,” Berry added.

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You don’t need an excuse to try out the new Sydney Metro City line. Hop aboard for the sheer joy of frequent, reliable and super-speedy public transport.

Travelling largely underground between Tallawong in Sydney’s north west via Chatswood and the CBD to Sydenham in the inner west, this new metro service doesn’t just have commuters in its thrall. It’s luring passengers from all walks of life looking to complete daily tasks, from shopping and lunching to exercise and appointments.

And if you really want to dial up the convenience, there’s now the opportunity to live directly over the Crows Nest metro station, in the only project positioned above the new line.

Developer Thirdi is launching Elevate, the first stage of the Hume Place precinct, a master plan designed to inject new life and energy into Crows Nest.

Thirdi director Luke Berry says he’s been blown away by the interest in the project and says the metro is a huge part of Elevate’s appeal. He estimates he’s had 30 per cent more enquiries in the early days of the campaign compared to previous developments.

“People have gone on the metro and gone, ‘Wow – I can get into the city in 10 minutes with no traffic and no parking problems,’ ” he says.

Positioned 200 metres from Thirdi’s Hume Street office, the metro has had an instant impact on foot traffic in the area.

“Pedestrian activity has changed completely since it opened,” says Thirdi development manager Anna Limnios, who can spy on the surrounding streets through the office windows. 

“The metro is working smoothly and we’ve heard really great feedback. There’s a lot of locals as well as people who are in the surrounding suburbs and would like to live here.”

Limnios says Crows Nest is already a vibrant village and will only become more inviting as the Willoughby Road upgrades are completed.

“We’re really spoiled for choice here,” she says. “You can get pretty much everything you need and there’s lots of food stores, cafes, restaurants, bars, gyms and hospitals.”

While it’s incredible to be building above a metro station, Limnios says she’s also excited by the project’s sustainable attributes. 

From designing a fully electrified building with the inclusion of winter gardens, to solar generation and a hybrid car share service, Hume Place will continue Thirdi’s quest to build as sustainably as possible.

Limnios is working closely with building consultants, the council and the Department of Planning to move the project forward, with the design currently being finalised before submission. 

“It’s quite an exciting time,” she says. “We’re not only making a lot of key decisions for the project and getting ready to launch, we’re also building a display suite.”

Berry says the display suite is due to open on-site on October 19, just before the annual Crows Nest Fest. He’s expecting to see a mix of investors, rightsizers and first home buyers vying for the 130 one, two and three-bedroom apartments.

Importantly, buyers will be able to see first-hand that Hume Place won’t take away from Crows Nest’s beloved village vibe.

“Crows Nest is arguably one of those rare villages on the lower north shore that will retain this diverse village setting,” Berry says.

“From a development point of view, it’s got an enormous amount of restrictions on changing the heights around the Willoughby Road precinct, which I think will endear it in the future.

“But it’s also going to benefit from investments like ours that are on the edge of the village.”

The very same edge where you’ll find the super-duper new metro.

“We’re hopeful that our work locally will help educate people about the value that is going to be captured by owning a piece of real estate above a once-in-a-generation piece of infrastructure.”

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PROPERTY developer Third.i has introduced latent defects insurance (LDI) at its Dairy Farmers Towers project in Newcastle’s West End, marking the first project in Newcastle with the protection.

Dairy Farmers Towers will deliver over 180 luxury one, two and three-bedroom apartments that will boast some of the largest in the market complete with 180-degree north-facing views to the city.

LDI safeguards against structural and construction defects for up to 10 years, meaning unforeseen issues can be addressed without major financial burden, offering developers financial protection and offering buyers confidence in their purchase.

Developers who implement LDI must adhere to high construction standards, comply with regulations, conduct thorough risk assessments and maintain financial stability to mitigate potential financial risks associated with latent defects.

“We take immense pride in our Dairy Farmers Towers project and the high standards we’ve upheld every step of the way. Our LDI insurance reflects our dedication to assuring our buyers that we stand behind the quality and durability of our work,” said Luke Berry, co-founder of Third.i.

Almost 80% of the project has already sold since its launch to market. The project will feature on-site amenities that include communal green spaces, gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, and residents’ only shared work hub.

Dairy Farmers Towers will include 10 SDA apartments.

In response to demand, Third.i has added nine additional apartments to the project. One, two and three-bedroom apartments are still up for grabs. Remaining apartments range from $595,000 to $2,950,000.

Dairy Farmers Towers is set to complete construction in mid 2026, with construction company Decode appointed to deliver the project.

As an ode to Newcastle’s history, the project will re-imagine the site’s heritage listed glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

Builder defects policies are still in their infancy in Australia. They were developed in response to the Mascot Towers and Opal Towers episodes in Sydney, which saw thousands of residents displaced from their homes after the discovery of structural defects. A subsequent review recommended an overhaul of the construction industry, while the Mascot Towers Owners Corporation told the NSW government inquiry into the regulation of building standards, quality and disputes in 2019 that buyers have more consumer protection buying a $1,000 television than a multimillion-dollar apartment.

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Residential developer Third.i is the latest to provide its buyers with the most comprehensive insurance policy in the off the plan apartment market.

They’ve taken out Latent Defects Insurance (LDI) from Resilience Insurance, a first-party insurance that safeguards against structural and construction defects for up to 10 years, meaning unforeseen issues can be addressed without major financial burden.

The policy offers both developers financial protection and instills buyers with confidence in their purchase. Dairy Farmers is the first development in Newcastle to have the insurance.

Developers who implement LDI must adhere to high construction standards, comply with regulations, conduct thorough risk assessments and maintain financial stability to mitigate potential financial risks associated with latent defects.

“Introducing Latent Defects Insurance is a testament to our commitment at Third.i to building homes and spaces that offer our buyers lasting peace of mind and ensures they feel confident in their investment,” said Luke Berry, Co-Founder of Third.i.

“We take immense pride in our Dairy Farmers Towers project and the high standards we’ve upheld every step of the way. Our LDI insurance reflects our dedication to assuring our buyers that we stand behind the quality and durability of our work. As we eagerly anticipate its completion, we’re thrilled to see this project come to life, creating homes that families can trust and enjoy for generations to come.”

Dairy Farmers Towers is set to complete construction in mid-2026, with multi-award-winning construction company Decode appointed to deliver the project.

“We’re excited to be working with Third.i on this project in the heart of Newcastle’s West End,” said said Jack Peschardt, Construction Manager at Decode.

“This development represents a significant milestone for the area and reflects our shared commitment to contributing to the growth and vibrancy of the community.”

Almost 80 per cent of the 180 one, two and three-bedroom apartments have sold. The project will encompass a range of deluxe on-site amenities, including communal green spaces, a state-of-the-art gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, as well as an exclusive residents’ only shared work hub.

Remaining apartments range from $595,000 to $2,695,000.

In addition, as an ode to Newcastle’s history, the project will also re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

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Property developer Third.i Group and its joint-venture partner Phoenix Property Investors are poised to launch a major apartment tower over the recently opened Crows Nest Metro station, just north of the Sydney CBD.

Stage one at the Hume Place Metro Station, to be known as Elevate at Hume Place, will feature 130 one-, two-, and three-bedroom apartments designed in a contemporary style by major architectural firm Woods Bagot.

Prices start from $930,000 for the one-bedroom apartments with one bathroom but no car space.

Residents will be able to access the CBD within seven minutes, and the suburban hub of Chatswood within four minutes, given the tower’s proximity to the newly opened rail station beneath.

Stage two of the project, a mixed use development, is to be launched in 2025.

The tower will be pitched at first-time owners and investors, as well as downsizers wanting to be close to the Crows Nest Village.

According to the developers, a recent global study of the impacts that metro stations have on residential property on or directly next to metro stations, those properties can demand premiums ranging from 20 per cent to 30 per cent higher than neighbouring properties. Importantly for investors, a nearby metro can help secure 15 per cent to 20 per cent higher premiums in rents, compared to similar properties in the area.

“There are plenty of projects claiming close links to the Crows Nest Metro, but there is only one project getting built above it all,” said Third.i co-founder and director Luke Berry in a statement.

“Having Elevate built directly over the station is why this project will outperform any other local projects in the future …

“Elevate is also a one-of-a-kind development in terms of the value the metro will bring long- term to its owners.”

JLL Residential Project Sales will market the apartment block, which will be launched in next month.

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Luke Berry, Third.i. Co-Founder, said Muse Potts Point is set to redefine urban living with its “exceptional design and breathtaking views.”

Muse Potts Point, the rare new apartment development in the harbourside suburb, has kicked off its construction.

Developer Third.i and acquisition partner Toohey Miller have officially broken ground on the WMK Architecture-designed building that comprises just 13 one, two and three-bedroom apartments.

The apartments, with interiors crafted by Mathieson Architects, offer terraces with extensive views of the harbour and city skyline. The views are best captured from the communal resident rooftop which features a swimming pool and seating areas.

Dilcara has been appointed to deliver Muse Potts Point, with construction anticipated to complete by early 2026. Third.i and Dilcare have been working together for 15 years. Their joint project portfolio includes recent developments such as Third.i’s Botany Road project in Waterloo, Soho in Surry Hills, Cavallo in Kensington, and most recently the new Third.i head office in Crows Nest.

Muse is set to play a pivotal role in transforming Brougham Street, adding to a total of 35 new boutique apartments planned across approved and proposed developments.

Recent sales data shows that apartments on Brougham Street, both new and second-hand, currently average around $45,000 per square metre. In comparison, properties on Victoria Street average $70,000 per square metre, while those on Macleay Street/Darlinghurst Road range from $62,000 to $80,000 per square metre.

Luke Berry, Third.i. Co-Founder, said Muse Potts Point is set to redefine urban living with its “exceptional design and breathtaking views.”

“We are excited to enhance the area’s iconic landscape and offer a unique lifestyle experience, blending sophistication with the dynamic spirit of Muse’s surroundings,” Berry said.

“We are thrilled to embark on this groundbreaking journey and we can’t wait to bring this project to fruition.”

Based on recent data, Eastern Sydney suburbs, including Potts Point, continue to attract local buyers seeking premium properties in heritage locations with access to a variety of lifestyle amenities. Demand remains steady among prestige downsizers seeking their next home in Sydney’s East, with Potts Point gaining popularity due to its growth potential and local cultural offerings.

Berry emphasised the current opportunity for buyers to invest in Potts Point. “Now is the time to invest in Potts Point,” Berry added.

“With ongoing regeneration and community upgrades, property values are expected to rise. Sales are increasing on popular streets like Victoria and Macleay, while Brougham Street properties are priced at about a third to half the cost per square metre.

“Muse Potts Point offers access to the area’s lifestyle at a lower price, with additional rooftop views. High interest in premium properties makes this a unique opportunity to enjoy Potts Point’s exceptional offerings at an attractive value.”

Muse Potts Point is set to complete in March 2026 and welcome residents shortly after.

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Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the highly anticipated launch of Stage One at Hume Place Metro Station known as ‘Elevate.’

Situated directly above the recently opened Crows Nest Metro Station, this exceptional residential development will offer 130 one, two and three-bedroom contemporary apartments designed by internationally acclaimed architecture firm Woods Bagot.

Elevate is set to redefine urban living, providing residents with unparalleled connectivity to major commercial and residential precincts throughout Sydney. Residents will enjoy seamless access to the CBD in just seven minutes and Chatswood in four minutes, making it one of the most connected addresses on the lower North Shore of Sydney.

Elevate Hume Place will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 to 30 percent higher in value than neighbouring properties and importantly for investors a metro can help secure 15 to 20 percent premiums in rents compared to similar properties in the area.

Luke Berry, Co-Founder & Director of Third.i, said, “Elevate at Hume Place is set to redefine urban living in this part of Sydney. It’s not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

“There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate. With an extensive international network and expertise in residential project marketing, JLL’s ability to successfully connect developers with both local and offshore buyers aligns perfectly with Thirdi’s vision for Elevate.

Luke Billiau, Head of Capital Markets – Australia and New Zealand at JLL, commented on the partnership: “We are excited to be partnering with Thirdi and Phoenix Property Investors on this groundbreaking project. Elevate represents the future of integrated transport-oriented development, and we’re confident it will attract significant interest from both local and international buyers.”

The appointment of JLL Residential Project Sales underscores the global appeal of Elevate, with JLL’s proven track record in successfully marketing high-profile developments and strong relationships with institutional and private investors across the globe instrumental in attracting international interest to the project.

As Sydney celebrates the metro opening, residents and visitors alike are encouraged to explore the new stations and experience the speed and efficiency of this world-class transport system.

The launch of Elevate in October will provide an exciting opportunity for those looking to be part of Sydney’s dynamic future, offering a unique blend of connectivity, innovative design, and sustainable living.

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Rail is continuing to prove a development driver in NSW with a ‘missing’ inland rail section approved and an over-station development launched, all in the past week.

Among the nation’s biggest infrastrucutre projects, the inland rail project will evenutally link Melbourne and Brisbane, and drive a logistics revolution of sorts along the east coast.

As part of the 1600km development, a 37km section from Illabo to Stockinbingal, in the South West Slopes and Riverina of NSW, has been approved.

The section was a missing link between the southern part of the line to Parkes, in the Central West, and the inter-modal junction that connects to Western Australia via South Australia.

Meanwhile, on the newly opened Metro City and Southwest line, joint-venture partners Third.i Group and Phoenix Property Investors have launched their over-station development at Crows Nest.

The project above the Crows Nest Metro Station, dubbed Elevate, was designed by Woods Bagot and comprises 130 apartments, and is part of Stage One of the Hume Place Metro Station development.

Close or co-location of homes to stations, known as “metro-fication”, has been shown to increase property values by 20 to 30 per cent or rents by 15 to 20 per cent.

Third.i director Luke Berry said this was a driving factor for creating Elevate, which was one-of-a-kind in terms of the value the Metro would bring long term to its owners.

“There are plenty of projects claiming close links to the Crows Nest Metro but there was only one project getting built above it all,” he said. 

“Having Elevate built directly over the station was why this project will outperform any other local projects in the future.”

North-South rail ‘ideal city shaper’

And the Western Sydney Regional Organisation of Councils (WSROC), the peak body representing councils in Greater Western Sydney, has welcomed the release of a previously confidential report commissioned by the Minns Government charting a path for building rail projects over the next two decades.

Despite gains along the rail line there was still a lot to be done to increase the number of residential developments further afield, WSROC said.

In the government report an “ideal assumption” of $4 billion a year in capital spending for future rail projects was outlined.

The spend could have allowed the extension of the Western Sydney Airport Metro line further south from the new city of Bradfield by 2032 as well as an extension of the heavy rail line from Leppington to Bradfield South by 2033.

This would be followed by a northern extension of the airport Metro line from St Marys to Schofields by 2037, and to Tallawong by 2039.

The report also envisaged an extension of the airport line from Bradfield South to Oran Park by 2047 at a cost of $5.1 billion, backing an earlier study commissioned by the Urban Development Institute of Australia.

WSROC president Barry Calvert said they had been advocating for the extension since the 1990s as by 2036 half Sydney’s population would live west of Parramatta.

“Successful global cities deliver city-shaping transport with integrated city-planning outcomes,” Calvert said.

“The need for a rail link is becoming more pressing with unprecedented growth in the region.

“An extra one million people are expected to live in Western Sydney by 2036 and a doubling of the population to 4.1 million by 2041.”

The Hawkesbury City councillor said one of the biggest challenges for Sydney is the struggle to retrofit transport corridors, after the demand for services has already exceeded existing infrastructure.

“Western Sydney’s story is already one of road dependence. A daily exodus of more than 300,000 residents endures Greater Sydney’s longest commute, mostly by car,” Calvert said.

“Such a crucial rail link would be a key piece in connecting the planning vision for the growing region’s current and future liveability.”

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Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the highly anticipated launch of Stage One at Hume Place Metro Station known as ‘Elevate’. 

Situated directly above the recently opened Crows Nest Metro Station, this exceptional residential development will offer 130 1, 2- and 3-bedroom contemporary apartments designed by internationally acclaimed architecture firm Woods Bagot.

Elevate is set to redefine urban living, providing residents with unparalleled connectivity to major commercial and residential precincts throughout Sydney. Residents will enjoy seamless access to the CBD in just seven (7) minutes and Chatswood in four (4) minutes, making it one of the most connected addresses on the lower North Shore of Sydney.

Carefully crafted by Woods Bagot, for both the exterior architecture and interior design, Elevate Hume Place will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20% to 30% higher in value than neighbouring properties and importantly for investors a metro can help secure 15 to 20% premiums in rents compared to similar properties in the area.

“Elevate at Hume Place is set to redefine urban living in this part of Sydney. It’s not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

“There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future.” Said Luke Berry, co-founder and director of Third.i. 

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate. With an extensive international network and expertise in residential project marketing, JLL’s ability to successfully connect developers with both local and offshore buyers aligns perfectly with Thirdi’s vision for Elevate.

“We are excited to be partnering with Thirdi and Phoenix Property Investors on this groundbreaking project. Elevate represents the future of integrated transport-oriented development, and we’re confident it will attract significant interest from both local and international buyers.” Said Luke Billiau, head of capital markets – Australia and New Zealand at JLL. 

The appointment of JLL Residential Project Sales underscores the global appeal of Elevate, with JLL’s proven track record in successfully marketing high-profile developments and strong relationships with institutional and private investors across the globe was instrumental in attracting international interest to the project.

As Sydney celebrates the metro opening, residents and visitors alike are encouraged to explore the new stations and experience the speed and efficiency of this world-class transport system.

The launch of Elevate in October will provide an exciting opportunity for those looking to be part of Sydney’s dynamic future, offering a unique blend of connectivity, innovative design, and sustainable living.

Read More.