The top eight apartment developers to look out for in NSW in 2022
There's set to be a fresh wave of international returnees over 2022, as Australia once again reopens its borders fully to the world of investors and students.
Some of Sydney's top developers have been planning for the eventuality, acquiring development sites and timing the launch of their projects to coincide with the expected 2022-rush for apartments.
There's already been a notable move for the unit market toward the end of 2021, with houses becoming unaffordable for the vast majority of Australians. The gap between the median price for a house and the median price for an apartment is at record highs.
Urban takes a look at eight developers operating in the NSW that you should keep an eye on in the new year.
1. Mirvac
Celebrating its 50th year in operation in 2022, Mirvac has an exciting book of projects across New South Wales next year.
Only recently has Mirvac launched NINE by Mirvac, on the site of the former Channel Nine Studios HQ.
The three-hectare site will home over 440 apartments designed by CHROFI in collaboration with Mirvac Design, and interiors by leading Melbourne design studio, MIM Design.
Above image is an artist's impression
There will be around 6,500 sqm of open space designed by internationally renowned landscapers McGregor Coxall, with parks, gardens, a lawn for active play, sheltered barbecues and a children’s playground.
Mirvac's next stage of their Green Square redevelopment, The Frederick, has also just been launched.
The striking 23-level building, with a striking curvilinear form, is a collaboration between Smart Design Studio and Mirvac Design. That will have 152 apartments when completed in 2023.
Above image is an artist's impression
The ASX-listed developer will also be seeking approval for a 2022 launch of Coonara, West Pennant Hills, which will see 418 dwellings built on a 26-hectare block of land focused on the natural environment.
Bordering the Cumberland State Forest, around 10 hectares of remnant bushland will be dedicated to the NSW Government as public open space.
2. Third.i Group
Launched in 2006, Third.i has spent over 15 years creating award-winning projects across the residential and commercial sectors.
The Sydney-based developer’s current development pipeline, projects either in planning or under construction, exceeds $2.5 billion in value across Australia and the UK.
Late this year, Third.i submitted a development application to the City of Newcastle for its fourth West End apartment project, the 180-residence Dairy Farmers Towers.
The group is also aiming to start the second stage of construction on Balfour Place, a mixed-use Lindfield development in collaboration with Coles Group, in the first quarter of 2022, in what is set to be an exciting year.
The current DA approval sees the 7,091sqm site set to become a luxury residential tower built atop a brand-new Coles supermarket, Liquorland, café and a heritage commercial space.
3. Iris Capital
Iris Capital, led by the local hotelier and developer Sam Arnaout and originally boasting a substantial portfolio of assets in the hospitality industry, has ramped up its involvement in the residential sector over the last decade.
Founded in 1995, the development group has delivered a number of integrated residential and mixed-use development across the Sydney region.
Launching its $350 million Potts Point redevelopment Queensgate this month, Iris Capital is expected to see a hot year of sales across its five apartments buildings in the harbourside precinct.
Just 48 high-end apartments will be on offer across a selection of one, two and three-bedroom apartments, in addition to an exclusive collection of ultra-luxury penthouses with private pools.
The stage one completion of East End, one, two and three-bedroom coastal apartments in Newcastle, has helped cement its place on this must-watch list.
Another who has made the move north, Iris recently launched Victoria & Alberteir first Gold Coast apartment project, and recently secured a prime development site on the Surfers Paradise dress circle Garfield Terrace.
4. Coronation Property
Run by Sydney locals, Coronation Property has brought a fresh perspective to urban precincts across Sydney since its inception in 2012.
As a fully-integrated developer, the group controls every part of the development process, from initial design to construction and building management.
Coronation has a track record for delivering great residential developments across Western Sydney including the Paper Mill Precinct in Liverpool. They have 8 Phillip Street in Parramatta currently under construction
Its latest development, Mason & Main, combines the established neighbourhood character of Merrylands with convenient proximity to Sydney’s second CBD of Parramatta.
The residence offers 346 residences in one, two and three-bedroom configurations, designed by Woods Bagot.
5. ALAND
Established in 2002, ALAND is an Australian-owned family business with over 20 years of experience, and a hit with locals given their long relationship sponsoring the Parramatta Eels.
A specialist builder and developer delivering state-of-the-art contemporary residential projects across the Sydney region, the group now boasts a portfolio of over 2,800 completed apartments.
Now selling in Sydney, is the group’s Parramatta project, Paramount on Parkes, offering 294 apartments bordering the well-known horse racing spot, Rosehill.
The 42-level tower will offer expansive one, two and three-bedroom residences with plenty of storage, as well as a number of amenities.
The ALAND team will also see their Liverpool residences at the Hoxton reach completion mid-next year, alongside the Schofield development, Schofield Gardens.
6. Deicorp
With over $2.5 billion of residential, retail and commercial real estate in the pipeline, privately-owned development group Deicorp has secured its place on this list for the second year in a row.
Founded in 1999, they have delivered over 8,000 apartments and sold over 1,000 apartments across the calendar year.
Last month, Deicorp secured the development rights to a 61-storey mixed-use development on the site of the Polding Centre in the Sydney CBD, which will likely hit the market in 2022.
Work has also started on developer Deicorp’s $750 million Tallawong Village project in north-west Sydney.
The first stage will present a mix of 333 one, two and three-bedroom apartments, forming part of a masterplanned precinct steps from the Sydney Metro line.
7. Top Spring
Top Spring has acquired a reputation for its quality developments over its near-three-decade history, completing over 20 development projects in 12 cities around the globe.
The Australian arm, based in Sydney, has the strength of local expertise backed up by a powerful international market presence and knowledge.
Beginning demolition this month to make way for Munro House, a new Elizabeth Bay residence, the group is expected to start construction on the 30 luxury apartments next year.
In 2022, the company also aims to cement its reputation for delivering high-end residential living with a new 18-residence Double Bay project, according to Top Spring Australia's managing director, Sydney Ma.
“In line with our premium project at Elizabeth Bay, Munro House, this project will encapsulate all the hallmarks that Top Spring Australia is known for, including new technology, art, green spaces and contemporary design,” Ma said.
8. TOGA Group
A leading Australian property group with a portfolio across Australia, New Zealand and Europe, TOGA currently has several major projects under construction.
Founded by Ervin Vidor in 1963, in coming years TOGA is on-track to launch a pipeline of more than 5,000 apartments and an expansive portfolio of vibrant retail and short-term accommodation.
Among the group’s developments includes Surry Hills Village, the mixed-use development and precinct on the corner of Cleveland and Baptist Street.
Due for completed in early 2024, Surry Hills Village will home 122 apartments and a 102-room hotel, as well as 12,000 sqm of commercial and retail spaces.
SJB Architects has designed the development in collaboration with development partners Iain Halliday and BKH, ASPECT Studios director Sacha Coles and Studio Prineas architect and principal Eva-Marie Prineas.
TOGA are also 50 per cent sold at their Marrickville development, Wicks Place, which will have 272 apartments atop a number of retail spaces when complete in late 2023.
There's a site TOGA are working on in Penrith, as well as a 150-apartment project in Kensington, which they are hoping to launch in Q1 2022.