Fortis, has been named amongst Australia’s top developers, in an article exploring the where, what and who is driving the most exciting new developments coming to Sydney in 2025.
Sydney’s new apartment market is gearing up for a big 2025, with several key projects across some of the Harbour capital’s most popular suburbs. Affluent downsizers have driven considerable sales in Sydney’s more prestigious suburbs, with supply starting to flow through for larger-scale apartments designed for those looking to check out of their family home.
What off-the-plan buyers do know about the Sydney market, which is softening after yet another boom, is that Sydney prices always trend upwards eventually. They’re recognizing the investment opportunity to buy an apartment and not have to start paying off the mortgage until completion, which could be two or three years away when interest rates should be lower, and the apartment they purchased should have grown in value.
Downsizers care little about interest rates or value growth on the apartment. What they care about is how they can plan the next phase of their life: when to retire, when to sell the family home, and what they’ll be calling home likely for the rest of their lives. They’re looking for certainty in delivery, which tends to mean they’ll wait until the building is out of the ground before committing to a purchase. They want experienced developers, architects, and builders with a track record of delivering apartments to downsizers previously, a bonus if it’s in the area.
Luxury national property developer, Fortis, has several developments in the cross hairs across Sydney in Melbourne in 2025. They’ll be in a position to launch their latest Rose Bay development next year, having sought approval from the Woollahra Council in August for 11 three-bedroom apartments on Ian Street.