Saturday, 20th July 2019

register | forgot password?

Strong Demand for Ultimo Project

Sunday, 19th June 2016

The opening weekend of TWT Property Group’s prestigious New Life/Ultimo development proved a good test for the strength of the Sydney property market following news that the NSW Government would be imposing taxes on foreign purchasers from June 21.

Sales were still brisk, with TWT Property Group reporting that all of the 80 apartments in stage 1 sold. They comprised 60 sales from the Sydney launch and 20 from an overseas launch.

The 210-apartment project, which will set a benchmark in contemporary architecture for Ultimo, will be released in two stages. While there wasn’t the frenetic buying scenes witnessed the previous weekend at nearby Darling Square where more than 300 apartments sold, the General Manager of TWT, Stephen Fitzpatrick, described the early result as “solid given the current conditions”.

“Although the market is affected by the additional tax and banks’ tightening lending policy, there are still strong demand for New Life/Ultimo due to its good location, professional development team and excellent design,” Mr Fitzpatrick said.

In the weeks leading up to the sales launch, joint selling agents CBRE and Kinsale Property Group received around 150 Expressions of Interest. Last week the NSW Government’s announced a 4% tax on foreign property purchasers, plus an annual land tax of 0.75%.

“This did have a strong effect, and quite a few of our prospective purchasers dropped out, although others still proceeded because the tax doesn’t come in until June 21,” Mr Fitzpatrick said.

CBRE and Kinsale Property Group were pleased with the demand for New Life/Ultimo.

“We still had around 90 groups lining up to buy on a wet Saturday morning, which proves that well-located property in Sydney is still highly sought after,” said Simon Platt of Kinsale Property Group.

Ben Stewart from CBRE said the majority of the local purchasers were owner-occupiers.

“Many people want to live close to the city, and those with vision appreciate that Ultimo will improve and prosper just like Pyrmont has, lifting property values as it regenerates,” Mr Stewart said.

New Life/Ultimo is strategically located on an elevated 5,322sqm site at 495 Harris Street, opposite the Ian Thorpe Aquatic Centre and next to the Ultimo Community Centre.

“Ultimo is on the doorstep of the CBD and well connected to light rail and bus services so it has all the attributes of being a property ‘hot spot’,” said Mr Platt. “This development also enjoys the bonus of overlooking the non-stop activities of Darling Harbour and Barangaroo yet it is far enough removed to avoid the noise and hustle-and-bustle.”

New Life/Ultimo comprises a multi-layered building that scales down from nine storeys along Harris Street to six levels facing Bulwara Road. CBD corridor views start from level one for the east-facing apartments, and water views ‘splash in’ from level four.

The apartments in stage 2 at New Life/Ultimo include:

1-bedroom (45-65sqm) from $695,000 to $950,000

2-bedrooms (75-90sqm) from $1.2m to $2m, and

3-bedrooms (95-140sqm) $1.5m to $2.5m

“There is still a wide range of apartment styles in stage 2, including wide-fronted apartments, ‘through’ apartments with dual aspects, and two-level terraces,” said Mr Platt.

A New Life/Ultimo display centre is open on site daily from (11am – 4pm).

Further information is available through 1300 812 208 or

Bookmark and Share

Comment from galletton on Friday, 10th November 2017

You need to kill time, you need entertainment. Refer to our . hope you get the most comfort. Thanks you for sharing!

Comment from Elgleton on Monday, 08th May 2017

In this blog we can see a forum that is really useful for different purposes and it is a creative blog in all ways. After reading this blog we can come to know about different things. This is a of online form that should be share be shared with more and more people.

Comment from jett094 on Thursday, 16th March 2017

A great piece of hard work and research. It is something to be proud. I have something for students It is the most reliable and authentic assignment help review platform where students come to share feedback on assignment writing service provider websites.


assignment paper help

Comment from wales22 on Tuesday, 10th January 2017

enjoying every little bit of it . It is a great website and nice share. I want to thank you you.

Comment from lucywill on Tuesday, 10th January 2017

I go to see every day a few sites and sites to read posts, but this blog offers feature based writing.

Comment from elllensmith on Friday, 23rd December 2016

Ultimo Group has been famous for designing creative and massive buildings around the nation. The recently signed 210 apartments will be their prestigious project and everyone is looking forward to see them as it is unveiled later this year.

ipad for wholesale

Comment from sandymaria on Friday, 28th October 2016

Imposing taxes on foreign purchases will lead to many difficulties for the people. You have given the complete details about the risks that will be faced because of this in this site. I understood about the ultimo project from this site. best wedding planner

Comment from Alvinaash on Tuesday, 25th October 2016

Nice this post "Strong Demand for Ultimo Project" order assignment

Comment from amantajo on Saturday, 22nd October 2016

210-apartment project is a very big project which sets a benchmark in contemporary architecture for Ultimo which is going to be released in two stages. I was searching for the article which contains the details about this project and I found it here. Thanks for sharing. auto repair shops

Comment from elllensmith on Tuesday, 04th October 2016

Ultimo Group has been famous for designing creative and massive buildings around the nation. The recently signed 210 apartment will be their prestigious project and everyone is looking forward to see them as it is unveiled later this year. cheese curds

Search for services

Find tradesman or property services in your local area.

Search for services