The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterSun 01 Mar 15

Newcastle Set To Receive Boutique Student Accommodation

S

 
The Newcastle City Council has approved a boutique townhouse project in Shortland set to dramatically boost student accommodation stocks for the suburb.


Located just 500 meters from the University of Newcastle's Callaghan Campus at Shortland Terraces, four of the eight homes have already sold been sold by real estate leaders PRDnationwide Newcastle and Lake Macquarie from development plans



RELATED ARTICLE: New University of Newcastle City Campus by Lyons and EJE Architecture rejuvenates CBD



PRDnationwide Newcastle and Lake Macquarie Managing Director, Mark Kentwell said the project would target investors looking to capitalise on the project’s proximity to the campus, commenting that the demand for affordable rental properties close to the University’s campus was a major driving force for the development.


 “A key selling point is the location – we expect strong investor interest given the high demand for student and staff accommodation in the area," Mr Kentwell said.


“It is anticipated these three-bedroom townhouses could achieve rental prices of up to $560 per week if leased to students. That’s a very attractive rental yield with prices starting from $400,000."
The boutique townhouses have been designed by renowned designer, Jon Webber of Webber Architects, recognised for a number of residential projects throughout Newcastle.


“By offering townhouses with an architectural look and feel, we are catering to the student and professional market alike,” Mr Kentwell said.


The townhouses will offer three-bedroom, two-bathroom accommodation with generous sized courtyards and surrounding greenery to justify offer the benefits of boutique accommodation to both students and investors.


Newcastle New Project’s CBD display suite is located at 113-145 Hunter Street.

ResidentialAustraliaArchitectureSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Billbergia’s John Kinsella: Whiskey, Fun and a Fear of Heights

Vanessa Croll
8 Min
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
View All >
Ocean reef marina in perths northern beaches will include a new marina, business area, dining and homes
Development

Perth’s Ocean Reef Marina Development Site Sale Looms

Renee McKeown
Nettleton Tribe Architects' rendering of the new Melbourne Pathology hub on the Costco Docklands site at 331-381 Footscray Road, Docklands.
Healthcare

City Considers Sonic’s Plans for Docklands Costco Site

Marisa Wikramanayake
Mt Coot-tha EDM
Infrastructure

Vision Unveiled for Brisbane’s Mount Coot-tha Precinct

Clare Burnett
A 170km wilderness track, glamping facilities and a re-imagined planetarium and botanic gardens are among ideas for the …
LATEST
Ocean reef marina in perths northern beaches will include a new marina, business area, dining and homes
Development

Perth’s Ocean Reef Marina Development Site Sale Looms

Renee McKeown
2 Min
Nettleton Tribe Architects' rendering of the new Melbourne Pathology hub on the Costco Docklands site at 331-381 Footscray Road, Docklands.
Healthcare

City Considers Sonic’s Plans for Docklands Costco Site

Marisa Wikramanayake
2 Min
Mt Coot-tha EDM
Infrastructure

Vision Unveiled for Brisbane’s Mount Coot-tha Precinct

Clare Burnett
3 Min
High-density residential construction in Melbourne
Finance

‘More Private Credit than Cranes’ But That’s About to Change for Melbourne

Taryn Paris
7 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/newcastle-set-receive-boutique-student-accommodation