There will be 476 one-, two-, and three-bedroom apartments designed by Woods Bagot in the collaboration between the property developer, co-founded by Luke Berry, and Phoenix Property Investors, directly above the newly-opened Crows Nest Metro Station, 5km north of Sydney’s CBD. 

Cushman & Wakefield has been appointed to sell the completed Build to Rent (BTR) asset which will include approximately 60 units designated as affordable housing for frontline and key essential healthcare workers.  

It will integrate wellness amenities and communal spaces designed for community connection. The amenities earmarked for Stage 2 include an innovative health & wellness centre, golf simulator, co-working space, cinema, rooftop bar, pool, and music rooms. 

Third.i Group said Stage 2 at Hume Place is already attracting significant interest from international institutional capital looking to acquire the completed asset. 

Stage 1 Elevate, which is 130 residential apartments, drew nearly 6,000 leads and over 300 appointments during the opening weekend. The 25% of Australian passport-holders interested included downsizers and the marketing mentions “over 55s”. 25% interest was from Asia with the remaining 50% investment-focused buyers, particularly from Singapore and Hong Kong, drawn to the project’s strong rental returns prospects.

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Prospective buyers at Elevate, the recently launched stage of Hume Place above Crows Nest Metro Station, will be able to secure an apartment in the exciting development with just a $10,000 deposit.

Third.i has partnered with NestDeposit to provide the low deposit option, making it accessible for everyone including first home buyers, investors, and downsizers.

The 130 one, two and three-bedroom apartments offer a unique proposition to any buyer given the rarity of such a development directly above Australia’s largest ever public transport project.

Luke Berry, Co-Founder of Third.i, said the team is always looking for innovative ways to help Australians achieve their property dreams.

“NestDeposit addresses the challenges of rising living costs, house prices, and the long savings periods needed for traditional deposits, making homeownership more accessible for buyers across the country,” Berry says.

“We’re excited to offer NestDeposit at Elevate Hume Place, giving more people the chance to secure a home in a prime location above the new Crows Nest Metro. At Elevate, residents will enjoy seamless connectivity, stunning homes, upscale communal amenities, and an area that beautifully combines urban convenience and community charm.”

Situated directly above the recently opened Crows Nest Metro Station, Elevate Hume Place has been designed by Woods Bagot. and are split into categories; The Urban Residences, Panoramic Residences, and Skyhomes.

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space. 

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline. 

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

Third.i and joint venture partner Phoenix Property Investors are working towards a Q3 2027 completion date.

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Third.i is excited to be a part of industry-shaking initiative, NestDeposit, a solution that allows property purchasers of all categories to secure their home with just a $10,000 deposit. NestDeposit will be available at Third.i’s new residential project, Elevate Hume Place, set to launch at Crows Nest Fest on Sunday, 20 October 2024. Situated directly above the recently opened Crows Nest Metro Station, this exceptional development will offer 130 one, two- & three-bedroom contemporary apartments, thoughtfully crafted by Woods Bagot.

NestDeposit aims to break down traditional barriers to property ownership, helping a wide range of purchasers including first-home buyers, investors, and downsizers, find a pathway to homeownership at a critical time in Australia’s property market. This game-changing solution comes as public discourse around housing affordability and home ownership intensifies. Recent polling and research by Redbridge and Accent revealed that 85% of Australians believe young people cannot enter the property market without family assistance.

Additionally, the 2024 PropTrack Housing Affordability Report indicates that the average Australian household takes approximately 5.6 years to save a 20% deposit for a median-priced home. These findings highlight the need for solutions like NestDeposit, as emphasised by Luke Berry, Co-Founder of Third.i, to help bridge the gap to homeownership for potential buyers.

“At Third.i, we’re always looking for innovative ways to help Australians achieve their property dreams. NestDeposit addresses the challenges of rising living costs, house prices, and the long savings periods needed for traditional deposits, making homeownership more accessible for buyers across the country.

“We’re excited to offer NestDeposit at Elevate Hume Place, giving more people the chance to secure a home in a prime location above the new Crows Nest Metro. At Elevate, residents will enjoy seamless connectivity, stunning homes, upscale communal amenities, and an area that beautifully combines urban convenience and community charm,” said Mr Berry.

Using NestDeposit is straightforward. Buyers can register on the platform to view eligible properties like Elevate Hume Place. After pre-qualification they can secure a property with just $10,000, paying the remaining 10% deposit through monthly instalments.

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The future of residential living is evolving in Sydney’s Crows Nest. Award-winning real estate developer Third.i Group, alongside joint venture partner Phoenix Property Investors, is at the forefront of this change with its new future-focused precinct, Hume Place – a $650 million urban revival effort. A legacy for the Lower North Shore, Hume Place offers not just luxurious homes, but a lifestyle unmatched in community richness and connectivity.

Elevate is Hume Place’s newly launched Stage 1 of residences, offering a mix of 130 one-, two-, and three-bedroom apartments complemented by retail spaces and wellness amenities. What’s more, these homes are located directly above the new Crows Nest Metro, positioning residents just seven minutes from the CBD.

Luke Berry, co-founder and director of Third.i, states, “Elevate allows us to combine beautiful, architecturally inspired apartment living with the metro system, connecting residents to local surrounds and the broader city.”

A prime address above the metro

Located steps away from Crows Nest Village, Hume Place benefits from proximity to health and wellness facilities, a buzzing dining scene, entertainment, and retail spaces, enhancing its appeal as a pinnacle of convenience and lifestyle. Spread over three sites along the Pacific Highway and Hume Street, the precinct is well-connected.

What’s more, with Elevate located right above the new Crows Nest metro station, the brand-new development provides residents with easy access to Sydney’s extensive public transport network. This means that the CBD is just seven minutes away, while Chatswood and North Sydney are also easily accessible.

“Stage one at Hume Place, known as Elevate, is luxury apartment living above Sydney’s new, once-in-a-generation metro system,” said Luke.

“We can’t wait to make this vision a reality.”

The residences

Scheduled for completion by mid-2027, Elevate in Hume Place will offer exclusive residences that cater to the discerning tastes of owner-occupiers, investors, and downsizers. Architecturally designed by the renowned Woods Bagot, the development stands out for its modern architectural design.

Elevate’s residences are distinguished by oversized windows, luxurious finishings, and seamless integration of indoor and outdoor spaces. Its Urban Residences boast winter gardens or balconies to blend comfort and nature. While The Panoramic Residences take it a step further, capturing stunning views of Sydney’s iconic landmarks, including the Sydney Heads, harbour, and city skyline from its outdoor spaces.

For those looking for the ultimate in Crows Nest apartment living, Elevate’s Skyhomes offers spacious multi-level floorplans. Here, Penthouse Residences boasts sweeping views of Sydney’s skyline from private rooftop terraces with a pool and outdoor kitchen. Inside, chevron-engineered timber floorboards, sub-zero Wolf appliances, natural stone benchtops, and timber veneer joinery foster opulence and functionality.

A sustainable lifestyle precinct

Even with such a premium residential offering, Elevate is more than just apartments. This stage is part of a complete lifestyle precinct designed to foster a strong sense of community and enhance the close-knit feel of Crows Nest.

As a resident, you have exclusive access to luxurious amenities that include a rooftop pool, a private concierge, and a residents-only gym.

Future-proofed, sustainability forms the core of Elevate, designed to harness natural light, maximise ventilation, use a 100% electric power and solar energy design, and include features for rainwater capture and solar energy, striving for a six-star minimum and a seven-star average in Australian NatHERS targets.

Jason Fraser, principal architect at Woods Bagot, shares, “What excites me about Elevate is the way we’ve been able to design a residential building that supports sustainability and social interaction, contributes to a new community, and builds on its location to create exceptional homes.”

One-, two-, and three-bedroom residences are now selling, with one-bedders priced from $920,000.

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After a long day in the city, there could be nothing better than stepping straight from the train into a lift and up to the door of your home. The easiest commute imaginable – not to mention the speediest.

That’s exactly what’s in store for the residents of Elevate Hume Place, a 20-floor tower above the new Crows Nest Metro Station.

This access to Sydney’s Metro network places the development just a seven-minute train ride from the CBD and a four-minute ride from Chatswood.

Connectivity like this has attracted pre-sale interest from overseas investors, says Luke Berry, the co-founder of developer Third.i Group.

“We’ve been blown away with the level of inquiry and to date we’ve had nearly 4000 inquiries,” he says. “It’s crazy.

“I think the foreign buyers, particularly in Singapore, Hong Kong and Tokyo, are familiar with the impact that transport infrastructure has, and that’s why there’s this enormous interest from foreigners to buy one of these off the plan.”

Elevate Hume Place is the first stage of a master-planned precinct that is designed to revitalise Crows Nest on Sydney’s lower north shore.

Berry describes the development as a legacy project for his company and a once-in-a-generation opportunity for buyers.

“I honestly think that the Metro is the defining factor of our property,” he says.

“Not only are you getting this beautiful, architecturally designed home or investment, it’s built on top of a piece of transport so within minutes you are in the heart of a city or in areas like Chatswood, for food, shopping and lifestyle.

“That’s going to be the biggest thing that people realise when they see our property.”

With interior design and architecture by Woods Bagot, Elevate consists of a range of residences, some with home office or flexible spaces.

The upper-level Skyhomes have penthouse-style floor plans spanning up to 218 square metres, with outdoor terraces of up to 102 square metres that include private plunge pools and al fresco bars.

Buyers can also choose from the Urban or Panoramic apartments. Each Urban apartment features a winter garden or balcony, while the Panoramic residences offer private balconies and winter gardens.

Views of the city or out to the harbour can be seen from the seventh floor and above.

For those who are dubious about the noise conditions that come with living above a train station, Berry says there are seven floors between the underground train platform and the ground floor of the building.

“Any noise that you would pick up would be the normal urban noise of cars or buses that go past the property, but even that you don’t hear or experience because you’re seven stories above it,” he says.

“There’s an enormous distance and structure between any impact of the metro and for the residents.”

The designers were inspired by the blue-gum forests that once occupied the site, and worked closely with the local Indigenous community.

The green facade takes its cues from nature and this is complemented by the landscaping designed to spill over the terraces and sprout from the rooftop garden.

For Woods Bagot pricipal Jason Fraser, the highlight of building is the sense of community it will have.

“The location is so unique – it has the village character of Crows Nest that everyone loves, but is also serviced by the new infrastructure and resulting activation and improved public domain of the new Metro,” he says.

“The homes are designed to elevate the living experience, planned to allow people to adapt their homes in ways that best suit them.”

Features include “facades that promote increased natural light and increased ventilation, [and] social zones to bring people together as a community”, Fraser adds.

“The design has considered the best outcomes at a precinct scale, a building scale and a personal home scale to make the experience connected and wholly exceptional.”

Shared facilities have been baked into the design of the building, beginning with the lobby and retail stores on ground level.

Just above, on the first floor, is the wellness centre, while the crowning touch is the rooftop pool deck that shows off the best of the views.

Residents of Elevate Hume Place will also have access to a concierge, a residents-only wine room and electric car sharing.

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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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