Developer Third.i has released the second stage of apartments at its Dairy Farmers Towers in Newcastle, with buyers able to use the innovative deposit-saving platform, Coposit.

The first round sold out late last year, with the project the first in the region to offer a deposit scheme in collaboration with Coposit, which allows buyers to purchase a property with a $10,000 deposit via a fee-free app and the remainder of the deposit paid off via weekly instalments.

Since its launch to market in late 2021, Dairy Farmers Towers has sold over 70 per cent of the entire project, and with demand from buyers continuing to soar amid tough market conditions, Third.i has again teamed up with Coposit to release a new series of Coposit apartments.

With only a limited number of apartments available to purchase through Coposit, Third.i’s Co-Founder Luke Berry anticipates they won’t last long as regional cities across the New South Wales coastline witness continued heightened sales activity despite a slowing market. 

“We’re excited to be partnering with the Coposit team again to release a new collection of apartments for first home buyers. We saw extraordinary demand for this type of offering and we’ve really listened to the needs of the market, particularly in an industry that’s witnessing an economic downtown,” said Berry.

“Here at Third.i, we’re creating homes for all Australians, not just building houses. This scheme offers a chance for prospective buyers to break into the property market who might not have otherwise been able to.

“Works at Dairy Farmers Towers commenced in November last year and we anticipate building works will wrap up in the first quarter of 2025. This project is the heart and soul of Newcastle’s revitalisation, and I can’t wait to see each and every buyer make their new house a home over the coming years.”

Early works kicked off late last year to bring Dairy Farmers Towers to life, which will comprise 180 one, two and three-bedroom apartments, over two towers and, in a Newcastle first, an exclusive residents’ only shared work hub, alongside other blue chip amenities including yoga studio, sprawling outdoor gardens and an elevated North facing outdoor swimming pool and sundeck.

As one of the largest providers of Specialist Disability Accommodation along the east coast of Australia, the project will also offer eight SDA apartments in partnership with iNSiTU Housing.

Third.i’s revitalisation of Newcastle continues following its debut projects WEST Newcastle, Eaton on Union and Stella on Hannell, with Dairy Farmers Towers adding to its growing $4 billion property portfolio across Australia and the UK.

As the group continues to expand internationally, Third.i is also set to deliver a range of residential and commercial offerings across NSW and London.

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The project launched in April 2022, selling out within a matter of weeks. Construction expected to be complete by January 2025.

A groundbreaking ceremony has recently been held at the $180 million Lindfield project, Balfour Place, signifying the beginning of construction with demolition works wrapping up. 

Australian developers Third.i, in conjunction with joint venture partner Phoenix Property Investors, are behind Balfour Place, which will comprise 59 apartments on top of 4,500 sqm of retail and hospitality spaces, including a brand new Coles supermarket.

The project launched in April 2022, selling out within a matter of weeks. Construction is expected to be complete by January 2025. 

It recently won the Best Mixed Use Development of The Year at the 2022 PropertyGuru Asia Property Awards.

On the award win, Luke Berry, Third.i. Co-Founder, said the development had struck a chord with the Lindfield community. 

“Balfour Place is truly at heart of what we do and a true example of how we’re building communities by listening to the needs of the market,” Berry said.

“The level of design and architecture has been carefully curated and I think it’s struck a chord with buyers who have recognised that we had larger living spaces on offer in an idyllic location with lifestyle amenities on your doorstep.

“It truly will be a legacy destination for the area and we couldn’t be more thrilled to commence construction.”

Australian builder Conquest has been appointed as the project builders, with Balfour Place adding to their project portfolio which includes the Crowne Plaza Sydney Burwood, The Greens Strathfield, La Luna Burwood and Soho Burwood.

First home buyers and young families are among those set to call Balfour Place home.

With a collection of one, two, three and four-bedroom residential apartments, residents will benefit from private courtyards and a shared rooftop garden space to be built on top of a brand new large format Coles supermarket.The Coles grocery hub will be double the size of the existing store and will include a Liqourland and heritage commercial space fronting the Pacific Highway.

Over 230 car parking spaces will also be available spanning across two levels.

The apartments were reduced from 70 to 59, after Third.i’s research suggested there was more appetite for larger apartments.

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An innovative deposit scheme is giving buyers along the East Coast of Australia the opportunity to buy off-the-plan homes sooner than if they had to save a full, lump sum deposit.

Coposit enables buyers to fast-track property ownership by allowing them to own an off-the-plan property with just a $10,000 deposit paid via a fee-free app.

The remainder of the deposit is then paid off in weekly, interest-free, instalments.

Catapult Homes is the first builder-developer in Queensland to offer house and land packages in the state using Coposit.

Catapult Homes Director of Project Sales, Tim Fowler said they would also match the Coposit $10,000 minimum deposit with a “price lock” until 2024, meaning a buyer’s sale price is locked in once they sign their contract.

This will also give buyers the chance to spend on upgrades or whitegoods to the value of $10,000.

“We’re thrilled to be working with Coposit on making our exceptional house and land offerings available to a whole new range of buyers,” Mr Fowler said.

Data from RPM Group shows housing supply in South-East Queensland remains tight and challenging, with just 17,583 lots registered in 2022, which is well down on the 10-year average of 22,517.

“With the cash rate continually rising for property buyers and reducing their borrowing capacity, in particular for house and land purchasers in South-East Queensland, the market is a challenging place,” Mr Fowler said.

“We want to give home buyers every possible advantage to overcome these rate rises.”

The house and land packages on offer through Coposit are at North Harbour, an award-winning residential development located in the fast-growing suburb of Burpengary East in the Moreton Bay region.

North Harbour is currently home to about 1400 families and the estate is situated along 9km of the picturesque Caboolture River, providing a scenic natural backdrop for residents to enjoy.

Catapult Homes has plans to extend their Coposit offer at other developments in Deception Bay, Toowoomba and Heathwood.

Coposit Chief Executive Officer Chris Ferris said, “Being able to offer Australia property buyers house and land for the first time in Queensland, with as little as $10,000 is quite the achievement”.

“We hope to offer many more house and land projects in the sunshine state as 2023 continues.”

Coposit is also popular in NSW, where first-home buyers and investors in Newcastle can use the scheme to buy an off-the-plan apartment at Dairy Farmers Towers.

This is the second time developers Third.i have released a limited number of apartments at Dairy Farmers Towers with Coposit.

Third.i Co-founder Luke Berry said he didn’t expect the apartments to last long.

“We’re excited to be partnering with the Coposit team again to release a new collection of apartments for first home buyers,” he said.

“We saw extraordinary demand for this type of offering and we’ve really listened to the needs of the market, particularly in an industry that’s witnessing an economic downtown.”

Mr Berry said the deposit scheme fit with Third.i’s ethos of not just building houses but creating homes. 

“This scheme offers a chance for prospective buyers to break into the property market who might not have otherwise been able to,” he said.

“Works at Dairy Farmers Towers commenced in November last year and we anticipate building works will wrap up in the first quarter of 2025. 

This project is the heart and soul of Newcastle’s revitalisation, and I can’t wait to see each and every buyer make their new house a home over the coming years.”

Dairy Farmers Towers will comprise 180 one, two and three-bedroom apartments across two towers, along with a residents-only shared work hub, a yoga studio, outdoor gardens, swimming pool and sundeck.

The project will also offer eight Specialist Disability Accommodation apartments in partnership with iNSiTU Housing.

“Third.i was quick to see the benefits of Coposit for their buyers at Dairy Farmers, proving they are the champions of first home buyers in the Hunter region,” Mr Ferris said.

Coposit also has off-the-plan opportunities in the ACT and Victoria.

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A ground-breaking ceremony officially kicked off construction at the $180-million Balfour Place, Lindfield’s latest luxury destination comprising 59 residential apartments situated atop a 4,500sqm urban oasis of retail and hospitality spaces, including a brand new Coles supermarket. The start of construction follows the completion of demolition works at the project site.

Developed by Third.i with joint venture partner Phoenix Property Investors, Balfour Place was launched in April 2022 and the apartments sold out in a matter of weeks, with first home buyers and young families among those set to call Balfour Place home. Australian builder Conquest has been appointed as the project builder, adding to their impressive project portfolio including the Crowne Plaza Sydney Burwood, The Greens Strathfield, La Luna Burwood and Soho Burwood.

“Balfour Place has struck a chord with the Lindfield community and the ground-breaking ceremony signals the start of bringing forth a true legacy project for the area. Now demolition works are complete, our building team is prepped and ready to bring Balfour Place to life, providing more homes that meet the needs of the market to the community,” said Third.i co-founder Luke Berry.

Balfour Place’s luxury offering will comprise one, two, three and four-bedroom residential apartments with private courtyards and a shared rooftop garden space to be built on top of the brand new large format Coles supermarket, which will be twice the size of the existing store and will include a Liqourland and heritage commercial space fronting the Pacific Highway. Over 230 car parking spaces will also be available spanning across two levels.

Construction is expected to be completed by January 2025.

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First home buyers and investors in Newcastle will find it easier to secure their slice of the property market with Australian developer Third.i releasing a second round of apartments at its Dairy Farmers Towers project under the exclusive Coposit scheme, which sold out amid buyer frenzy late last year. 

The project was the first in the region to offer a deposit scheme in collaboration with Coposit, which allows buyers to purchase a property with a $10,000 deposit via a fee-free app and the remainder of the deposit paid off via weekly instalments. 

Since its launch to market in late 2021, Dairy Farmers Towers has sold over 70% of the entire project, and with demand from buyers continuing to soar amid tough market conditions, Third.i has again teamed up with Coposit to release a new series of Coposit apartments. 

With only a limited number of apartments available to purchase through Coposit, Third.i’s Co-Founder Luke Berry anticipates they won’t last long as regional cities across the New South Wales coastline witness continued heightened sales activity despite a slowing market. 

“We’re excited to be partnering with the Coposit team again to release a new collection of apartments for first home buyers. We saw extraordinary demand for this type of offering and we’ve really listened to the needs of the market, particularly in an industry that’s witnessing an economic downtown,” said Mr Berry. 

“Here at Third.i, we’re creating homes for all Australians, not just building houses. This scheme offers a chance for prospective buyers to break into the property market who might not have otherwise been able to. 

“Works at Dairy Farmers Towers commenced in November last year and we anticipate building works will wrap up in the first quarter of 2025. This project is the heart and soul of Newcastle’s revitalisation, and I can’t wait to see each and every buyer make their new house a home over the coming years.” 

According to Chris Ferris, Founder & CEO of Coposit, “Third.i was quick to see the benefits of Coposit for their buyers at Dairy Farmers, proving they are the champions of first home buyers in the Hunter region. It’s incredible to be working together again in the next stage of the project.”

Early works kicked off late last year to bring Dairy Farmers Towers to life and bring forth the dream of owning your own home to many first-time buyers. 

Dairy Farmers Towers will bring forth 180 one, two and three-bedroom apartments, over two towers and, in a Newcastle first, an exclusive residents’ only shared work hub, alongside other blue chip amenities including yoga studio, sprawling outdoor gardens and an elevated North facing outdoor swimming pool and sundeck. 

As one of the largest providers of Specialist Disability Accommodation along the east coast of Australia, the project will also offer eight SDA apartments in partnership with iNSiTU Housing. 

Third.i’s revitalisation of Newcastle continues following its debut projects WEST Newcastle, Eaton on Union and Stella on Hannell, with Dairy Farmers Towers adding to its growing $4 billion property portfolio across Australia and the UK. 

As the group continues to expand internationally, Third.i is also set to deliver a range of residential and commercial offerings across NSW and London. Third.i is one of Australia’s leading property development and investment firms with an enviable track record in successfully delivering large-scale residential projects in Sydney and Newcastle. With a current development pipeline exceeding $4 billion, Third.i’s experience and drive to deliver architecturally inspired spaces are key reasons for their ongoing success. 

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Luke Berry’s Thirdi has won two major prizes at the Asia-Pacific’s biggest real estate awards program, but if there was a trophy for persistence, the developer might have taken that as well.

Thirdi’s $180-million shoptop development in Lindfield—designed by Rothelowman and being built on Sydney’s North Shore—was named best low-rise mixed-use development for 2022, and in the grand final was also awarded best mixed-use development in Australia.

The Property Guru Asia Property Awards were announced in Bangkok at the weekend.

And delighted as he is with the award, Berry is possibly more proud of the ground-breaking ceremony last week.

“To say we’re proud of this incredible achievement is an understatement,” Berry said.

“But I think we’re very lucky with what we’ve done with the site.”

“We bought it well, we’ve obviously sold 100 per cent of the apartments off the plan in April this year for record prices and that’s allowed us to get funding support, which is very difficult in this market.”

To be called Balfour Place, it is the fourth collaboration between the Sydney-based developer and private equity group Phoenix Property Investors.

PPI acquired the development-ready site from previous developer Perth-based Pindan Group, which went into external administration in May, 2021 owing creditors about $80 million.

Thirdi resubmitted the development application, keeping the physical size of the building, but lowered the number of apartments from 71 to 59.

“That sounds counterintuitive for a developer wanting to sell less, but we didn’t lose the floor area we just created bigger apartments because the market was telling us that more people wanted larger units,” Berry said.

The one, two, three and four-bedroom apartments will sit on top of about 4500sq m of office and retail, including a new Coles supermarket.

One-bedroom apartments sold from $845,500 but it was a four-bedroom that broke off-the-plan records for the area, selling for $5.5 million. The average price was $17,370 per square metre.

“There’s a lot of banks anxious about lending on any project,” Berry said, “if there isn’t the fundamental debt cover in place, or pre-sales in place, if the building partner doesn’t have the track record and so forth.

“And for us to be able to navigate that in this economic cycle and start the project … we’re really proud of that.”

Construction is expected to be completed in November next year.

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Demand for new retirement living apartments seems still unquenched with property development and investment group Third.i stating it has had over 2,500 enquiries about its forthcoming Over 55s development The Merewether in the city of Newcastle, 162km north-northeast of Sydney.

The Merewether is part of the redevelopment of the Merewether Golf Club. ThirdAge Villages offers 148 two- and three-bedroom apartments plus penthouses in a design by architects, Marchese Partners | Life 3A

Third.i said it had recorded $3.5 million in sales across a number of penthouses for the $120 million development, which will secure the financial future of the 18-hole golf club.

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Three more apartments are going up across New South Wales, with the developments to rise over Sydney’s lower north shore, Newcastle and Coffs Harbour.

Worth over $700 million in total, the projects are largely targeted towards the luxury end of the market, with some apartments tailored for the over 55s market.

$500M St Leonards master planned community begins construction

Top Spring Australia is developing a 1.26-hectare master planned community in Sydney’s lower north shore, called The Newlands. DASCO has been appointed as the construction partner of the project.

Construction on the project is expected to commence later this year with early works and demolition already begun.

The project boasts a central 5,700 square metre green spine and 1,500 square metres of communal rooftop amenities, with over $65 million in apartments already sold.

Top Spring Australia Development Director, Jeff Curnow, said: “DASCO is one of few builders in the state to achieve a coveted 4.5-star iCIRT rating, recognising their success in innovation, reliability, and construction excellence.”

“The park-front three-bedroom terraces and apartments have attracted professionals and down-sizers, while the popular one- and two-bedroom apartments are appealing to professionals, First Home Buyers and young families.”

“We’re seeing strong buyer confidence in St Leonards and demand for the three-bedroom residences remains particularly high, so we’re planning to bring forward the next release later this month,” said Cunrow.

Regional apartment sells for over $2 million

Third.i Sable at the Jetty project in Coffs Harbour has recently seen a penthouse go for $2.35 million.

The $35.5 million project will be home to 35 residences, and is on the corner of Collingwood and Edgar Streets.

“The strength of the sales at Sable at the Jetty demonstrates that regional cities are seeing a consistent uptake of sales activity. There is still growth in the market here, with property sales in the New South Wales north coast holding steady,” said Luke Berry, Third.i’s Co-Founder.

“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way.”

Demolition is complete, with the apartments scheduled for completion in mid-2024.

$200M mixed-use development begins construction in Newcastle

Third.i have commenced construction on its Dairy Farmers Towers project at 924 Hunter Street in Newcastle West.

The developer said the whole floor penthouse recently sold for a record-breaking undisclosed sum, with a local family making the purchase.

Notably, the site was the original head office for Dairy Farmers Limited in Australia.

The stunning penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level. The 4 bedroom, 3.5 bathroom, 4 car property features multiple living and dining rooms, a separate ‘feature’ and chef’s kitchen, bar and adjoining wine cellar, library, study and more.

Third.i also noted that more than 70% of the project has sold since its launch in late 2022. The development will be home to 184 apartments across two towers.

The company has also recorded $3.5 million in sales across a number of penthouses in its Newcastle retirement living project, The Merewether.

Located within Merewether Golf Course, the over 55s project has seen over 2,500 enquiries.

Land registration for $2 billion Wilton Greens

Wollondilly Shire Council has granted Risland land registration for the first phase of Stage 1 (A to D: 263 land parcels) in the company’s $2 billion Wilton Greens development, located in Sydney’s South West in the countryside township of Wilton.

Spanning 433 hectares, Wilton Greens will comprise 3,600 land parcels with a variety of housing types. Two employment hubs, a local neighbourhood centre, high-quality parks and playgrounds, several kilometres of cycle paths and 8.5 hectares of open spaces will feature in the project.

TRN Group was awarded the civil infrastructure and subdivision works for the first 263 land parcels with more than 1.4 million tonnes of earth already moved. Construction works in the initial Stages A to D are now complete with all authority inspections and approvals finalised.

Development approved Stage One will include 678 land parcels, positioned in the middle of the master planned community.

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Third.i Group has smashed records across two of its developments in Newcastle and Coffs Harbour, with the penthouses across the two developments drawing considerable revenue for the group.

The sales have been made at the developer’s Dairy Farmers Towers and Sable at the Jetty projects, seeing $3.5 million sales across a number of 3-bedroom penthouses in Newcastle, while a $2.35 million sale was made in Coffs Harbour, a record for the region.

Designed by CKDS Architecture, Dairy Farmers Towers (pictured above) comprises 184 apartments, as well as a co-working space, yoga studio, outdoor gardens and an elevated pool and sundeck. The project pays homage to the history of the site, with the heritage-listed architecture to be thoughtfully restored.

The 440 sqm penthouse sold recently sits 100 metres above sea level, and comprises 4 bedrooms, 3.5 bathrooms and multiple living and dining rooms with 3-metre high ceilings and 360-degree views of the entire surrounding landscape. 

Marking Third.i’s first development within the region, Sable at the Jetty (pictured below) is a fitting debut project. The LJM Architecture-designed tower captures views and breezes with plenty of natural ventilation and sunlight. Deep balconies protect against the elements while glazing maintains comfort and maximises views from inside. The interior spaces feature sandstone, timber and steel, reflective of the coastal and lush green surrounds.

“The strength of the sales at Sable at the Jetty demonstrates that regional cities are seeing a consistent uptake of sales activity,” says Third.i Co-Founder Luke Berry.

“There is still growth in the market here, with property sales in the New South Wales north coast holding steady.”

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Australian property developer Third.i continues to defy the property market downturn, exchanging on a string of record-breaking apartment sales across two projects in Newcastle and one in Coffs Harbour. 

As the first project for Third.i in Coffs Harbour, Sable at the Jetty has been met with strong interest, with the penthouse selling for $2.35 million, recording a record for the region. 

Over 80 per cent of the apartments have been sold since launch in October last year, with Third.i’s Co-Founder Luke Berry saying the strength of the sales at Sable at the Jetty demonstrate that regional cities are seeing a consistent uptake of sales activity. 

“There is still growth in the market here, with property sales in the New South Wales north coast holding steady,” Berry said. 

“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way.”

With only a handful of apartments remaining, the $35.5 million project is set to deliver a mix of one, two and three-bedroom residences, with construction due to commence in the coming months, with completion slated for mid-2024. 

Located on the corner of Collingwood and Edgar Streets, Sable at the Jetty is within walking distance from the beach, local schools, cafes and shops, and also offers numerous transport links at your doorstep. Remaining apartments are priced from $650,000 to $1.6 million.

Sable at the Jetty joins a growing list of Third.i’s record sales in New South Wales, following three record sales in Newcastle, with the sale of the penthouse at Dairy Farmers Towers going for $6.5 million and two back-to-back $3.5 million penthouse sales at the group’s retirement living project, The Merewether Residences. 

The extensive whole floor penthouse in Dairy Farmers Towers, located at 924 Hunter Street, Newcastle West sold to a local family who swooped in to secure their slice of the iconic project which pays homage to the site’s history as the original head office for Dairy Farmers Limited in Australia.

The buyer is a Hunter Valley legend, winemaker and businessman, who says the level of offering at Dairy Farmers was exactly what he and wife were looking for in an inner-city abode.

When asked about the status of setting a record with their purchase, the buyer said, “We love Newcastle and Novocastrians, and are excited to have an apartment there. We can’t wait to move into such an iconic property and participate in the fantastic social activities Newcastle can offer.”

The penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level.

The four-bedroom, three-and-a-half-bathroom, four-car property features multiple living and dining rooms, a separate chef’s kitchen, bar and adjoining wine cellar, library, and study.

All rooms will have three-metre high ceilings and floor to ceiling glazing, which will deliver 360-degree views of Newcastle all the way to the Broken Back Range in the Hunter Valley, a crucial feature for the buyers who previously lived under the Broken Back Range.

The project has also been met with a swarm of interest from downsizers and owner occupiers, with more than 70 per cent of the project sold since its launch in late 2022.

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