‘Ground breaking' development coming to Western Sydney
Construction of 'Cosmopolitan,' the latest project by Sydney development company Deicorp, has begun and is said to be unlike anything currently within the suburb.
Located at 34 Hassall St, the twin buildings will deliver 604 new apartments into the community by 2027.
As well as the much needed injection of new homes, the development includes a three-storey commercial and retail podium, just steps away from the new Parramatta light rail line opposite James Ruse and Robin Thomas Reserves.
Designed by award-winning architecture firm Turner, the building will feature a raised podium, elevated courtyard garden, laneways and ample retail and hospitality frontages for commercial tenants.
The outdoor podium levels will include laneway eateries, elevated gardens, specialty retailers, flexible workplaces, a fitness centre and medical practice which will be connected to the surrounding parkland.
Deicorp executive manager Rob Furolo said the architecturally designed building will be a unique addition to the Western Sydney locale.
'We are delighted the construction of the Cosmopolitan will address the strong demand for well-built and well designed apartments close to jobs and public transport,' he said.
He added that the nearly 6,000 square metres of commercial and retail space will create vibrancy and convenience for future residents as well as the broader community.
'We have partnered with one of Australia's leading architecture studios Turner to create this groundbreaking building that has been designed to give its residents and visitors the sense of being surrounded by a garden while enjoying an urban village feel.'
Turner's design for the project was chosen by an expert design panel and approved by the Sydney Central City Planning Panel.
Cosmopolitan will be less than a minute walk to the nearest light rail stop and less than a 10 minute walk to Parramatta train station and ferry wharf.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Sydney Morning Herald
a day ago
- Sydney Morning Herald
‘Demands a response': Peak real estate lobby backs underquoting overhaul
'My message is very clear to these dodgy operators. It is illegal and it must stop,' she said. 'There are severe penalties in place for those who break the law, and we will continue to go after these dodgy operators.' As defined in Victorian law, underquoting occurs when the published price for a property is set lower than it might reasonably be expected to sell, but is notoriously difficult to prove. There is also no requirement for the advertised price to match the owner's reserve, unless they disclose this to the agent ahead of time. This is one reason properties are passed in even after bidding passes the top of the advertised sale price range. The REIV's change of policy on reserve prices represents a fundamental shift for the group, who in their submission to the 2022 property review said it strongly opposed the mandatory public advertisement of a reserve price, arguing it would 'undermine the entire auction process'. In detailing the REIV's changed position on reserve price disclosure, Caine said he believed it would be appropriate that the reserve price would be disclosed some time during a property's auction campaign, rather than at the very beginning. 'In the initial phase, we're leaning towards later in the campaign… closer to the auction, so the owner and the agents have had the opportunity to receive the feedback from the buyers who will ultimately inform where that price will sit.' In 2022, the Consumer Policy Research Centre surveyed 500 Victorians who had purchased, or were in the process of purchasing, a home. It found that 17 per cent of those surveyed had paid for seven or more building or pest reports. 'At the time, we calculated that's costing them $4200 additional to their search process,' said the organisation's chief executive, Erin Turner. Turner said she had begun the research unsure that underquoting was a major problem, but was left convinced the illegal practice caused real financial and other harm. The centre made the same recommendations to the Victorian government that are now being backed by the REIV; that a property's reserve price is published and that home sellers provide potential buyers with free building and pest reports, a model already in place in the ACT. 'One of our theories here is that first home buyers, or people buying in areas they're less familiar with, are more likely to be caught paying for multiple building and pest inspections. It's your less sophisticated buyer that's more likely to be harmed,' Turner said. 'It's so important that we put these protections in place generally, but we also suspect that these protections are going to help the people who need it most.' Victorian opposition consumer affairs spokesman Tim McCurdy has backed a middle-ground solution, where vendors would not have to reveal their exact reserve but make sure it sits somewhere between the advertised guide. 'If their reserve price is not within the band, it is farcical,' he said. This masthead found examples of homes where the reserve was hundreds of thousands of dollars above the advertised price, while a survey of about 8000 readers overwhelmingly backed the disclosure of reserve prices. Almost 92 per cent supported the policy shift. Melbourne man Jeremy van Dijk is among them. While searching for a property to buy with his wife in the city's inner north last year, the pair were the highest and only bidder at an auction for a two-bedroom home in Brunswick East, and made a bid within the advertised range. However, they were unable to secure the home because they had not yet hit the reserve. Loading When he questioned the agent about the discrepancy between the price guide and the reserve they replied that it was the owners who determined the reserve price. 'I think it would make the whole system more efficient and stop wasting so many people's time,' said the economist, in support of the proposed change to disclose reserve prices. 'It was just wasting so much of our time, and when you multiply that across the whole population, it's just so many hours lost, it's unbelievable.'

The Age
a day ago
- The Age
‘Demands a response': Peak real estate lobby backs underquoting overhaul
'My message is very clear to these dodgy operators. It is illegal and it must stop,' she said. 'There are severe penalties in place for those who break the law, and we will continue to go after these dodgy operators.' As defined in Victorian law, underquoting occurs when the published price for a property is set lower than it might reasonably be expected to sell, but is notoriously difficult to prove. There is also no requirement for the advertised price to match the owner's reserve, unless they disclose this to the agent ahead of time. This is one reason properties are passed in even after bidding passes the top of the advertised sale price range. The REIV's change of policy on reserve prices represents a fundamental shift for the group, who in their submission to the 2022 property review said it strongly opposed the mandatory public advertisement of a reserve price, arguing it would 'undermine the entire auction process'. In detailing the REIV's changed position on reserve price disclosure, Caine said he believed it would be appropriate that the reserve price would be disclosed some time during a property's auction campaign, rather than at the very beginning. 'In the initial phase, we're leaning towards later in the campaign… closer to the auction, so the owner and the agents have had the opportunity to receive the feedback from the buyers who will ultimately inform where that price will sit.' In 2022, the Consumer Policy Research Centre surveyed 500 Victorians who had purchased, or were in the process of purchasing, a home. It found that 17 per cent of those surveyed had paid for seven or more building or pest reports. 'At the time, we calculated that's costing them $4200 additional to their search process,' said the organisation's chief executive, Erin Turner. Turner said she had begun the research unsure that underquoting was a major problem, but was left convinced the illegal practice caused real financial and other harm. The centre made the same recommendations to the Victorian government that are now being backed by the REIV; that a property's reserve price is published and that home sellers provide potential buyers with free building and pest reports, a model already in place in the ACT. 'One of our theories here is that first home buyers, or people buying in areas they're less familiar with, are more likely to be caught paying for multiple building and pest inspections. It's your less sophisticated buyer that's more likely to be harmed,' Turner said. 'It's so important that we put these protections in place generally, but we also suspect that these protections are going to help the people who need it most.' Victorian opposition consumer affairs spokesman Tim McCurdy has backed a middle-ground solution, where vendors would not have to reveal their exact reserve but make sure it sits somewhere between the advertised guide. 'If their reserve price is not within the band, it is farcical,' he said. This masthead found examples of homes where the reserve was hundreds of thousands of dollars above the advertised price, while a survey of about 8000 readers overwhelmingly backed the disclosure of reserve prices. Almost 92 per cent supported the policy shift. Melbourne man Jeremy van Dijk is among them. While searching for a property to buy with his wife in the city's inner north last year, the pair were the highest and only bidder at an auction for a two-bedroom home in Brunswick East, and made a bid within the advertised range. However, they were unable to secure the home because they had not yet hit the reserve. Loading When he questioned the agent about the discrepancy between the price guide and the reserve they replied that it was the owners who determined the reserve price. 'I think it would make the whole system more efficient and stop wasting so many people's time,' said the economist, in support of the proposed change to disclose reserve prices. 'It was just wasting so much of our time, and when you multiply that across the whole population, it's just so many hours lost, it's unbelievable.'


7NEWS
7 days ago
- 7NEWS
Koala Airlines to launch in Australia in 2026
A new budget airline carrier will be launching in Australia. Koala Airlines is expected to launch in late 2026 in a bid to break the duopoly Virgin Australia and Qantas have in the local air travel market. The airline says it is going to do things differently compared with other budget airlines that have previously tried — and failed — to break into the market. 'While many new low-cost carriers have entered the market since 1990 and focused solely on offering cheaper fares, almost entirely leading to unsustainable competition, Koala is taking a more innovative route,' it said on its website. 'Our goal is to carve out a unique niche that enhances the industry landscape without disrupting existing standards by creating a lasting impact on the industry.' Carriers which have previously attempted to compete with Virgin and Qantas have particularly struggled on major routes, Flight Centre Travel Group chief executive Graham Turner told Sunrise on Tuesday. He said Virgin was now quite strong financially following its new partnership with Qatar Airlines this year. 'Qantas has had a couple of great years financially as well and replacing a lot of their planes with new planes, so it is going to be a tough market for Koala to break into, there's no doubt,' Turner said. Koala Airlines acquired Desert Air Safaris Pty Ltd — a charter flight and air tours company operating in Australia, Papua New Guinea and the Pacific Island since 1970 — in 2019. However, Koala does not yet have a fleet of commercial passenger jets or the relevant aviation certificate. Turner said this is probably why the airline is not launching until late next year. 'I haven't actually met with them yet. We have a meeting coming up in the next week or so, so I don't know all the details but I presume this is why they're not launching until the end of next year … so that they have time to get these things in play,' he said. Rex and Bonza, budget airlines that have most recently attempted to cement themselves in the domestic market, both entered voluntary administration in 2024. Turner said the Australian market is ready to sustain a third airline, but any competition would need some serious financial backing. 'They will need some investors with very deep pockets, I don't think there's any doubt about that,' he said. 'We've had basically two airlines for as long as I can remember. The Australian domestic market is quite a prolific one. It's a big market, even by world standards. I think Melbourne to Sydney is the fifth busiest route in the world. 'I think they can (succeed) but the financial aspects of the player will need to be very, very strong.'