A selection of completed and luxuriously appointed 2 bedroom apartments located in Wentworth Point - Developers Final Release. 
All apartments come with secure parking and private storerooms.

Enjoy the elegance of open living with:

<ul><li>
	Two Sky Park garden rooftops
	</li>
	<li>
	Skybridge to connect rooftops
	</li>
	<li>
	Rooftops open-air cinema &amp; BBQ
	</li>
	<li>
	Bay Park parkland &amp; playground
	</li>
	<li>
	Club One luxury lounge
	</li>
	<li>
	Pulse gym membership
	</li>
	<li>
	Onsite tennis courts
	</li>
	<li>
	Indoor and outdoor pools
	</li>
	<li>
	35km biking &amp; walking trails

	 
	</li>
</ul>FIRST HOME BUYERS ASSISTANCE APPLICABLE* 
Live amongst the natural ambience and pure convenience of ONE The Waterfront Wentworth Point. 
ONE The Waterfront is a lifestyle destination, perfectly situated between water views and vast parklands, with an array of retail, dining, and recreational activities in between. 
Residents can indulge in private amenities on offer from the Sky Park rooftops to the Club One entertainment lounge, and the fully equipped Pulse Club gym with tennis courts, indoor and outdoor pools. 
Live in one of the last remaining new Harbour foreshore suburbs in Sydney. Wentworth Point boasts fresh modern buildings, sensational facilities and dining outlets at Sydney Olympic Park and Newington, plus all the shopping and entertainment of Rhodes. 
*NSW Government eligibility criteria apply.

 
Disclaimer: Advertising images, videos, or walkthroughs used are taken of a selection of apartments and used for marketing purposes only.

ONE The Waterfront - 17 Amalfi Drive, Wentworth Point

Imperial - 23-32 Treacy Street, Hurstville

Developer Piety Group has achieved a complete sell-out in their <a href="/developments/wentworth-point-nsw-2127">Wentworth Point</a> apartment development, ONE The Waterfront.&nbsp;

All of the 273 one, two and three-bedroom apartments at the Amalfi Drive development, a collaboration between <a href="https://www.urban.com.au/developers/piety-group">Piety Group</a>, <a href="https://www.urban.com.au/interior-designers/turner-studio">TURNER STUDIO</a>, <a href="https://www.urban.com.au/architects/stanisic-architects">Stanisic Architects</a>&nbsp;and <a href="https://www.urban.com.au/landscape-architect/urbis">Urbis</a>, have now sold.&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/why-were-onto-our-third-one-the-waterfront-apartment-in-wentworth-point-urban-buyer-q-a">Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&amp;A</a>

[smartcode_project:default project_id=5751 project_image_fid=209824]

&nbsp;

ONE The Waterfront features a number of resort-style facilities including a&nbsp;swimming pool, a fee-free commercial gym, tennis courts, and an outdoor rooftop cinema. Additionally, residents have access to CLUB ONE, a community centre equipped with another private cinema.

[smartcode_project:default project_id=5751 project_image_fid=195415]

The location was a big plus for buyers. The project sits near&nbsp;Homebush Bay and is within walking distance of the Olympic Park Train Station. It's also adjacent to Bay Park's expansive parklands, featuring amenities such as a children's playground, fitness station, and additional barbecue facilities.

<a href="https://www.urban.com.au/project-marketer/laver-residential-projects">Laver Residential Projects</a>&nbsp;took over sales at <a href="https://www.urban.com.au/buildings/one-the-waterfront-17-amalfi-drive-wentworth-point">ONE The Waterfront</a>, selling 181 of the apartments.

[smartcode_project_cta:default project_id=5751]

Laver Residential Projects took over sales at ONE The Waterfront, selling 181 of the apartments

Urban Editorial

Piety Group sell out ONE The Waterfront in Wentworth Point

Like most markets nationally, Sydney's off the plan apartment market had its fair share of ups and downs in 2023.

Overall sentiment was positive, with developers and agents reporting that buyers are showing a willingness to transact on good product.

Most readers last year were craving fresh projects, with news about project launches top of the category list for 2023.

We've wrapped up the most consumed news articles in Sydney in 2023, as we look ahead to what 2024 has in store.

<h3>Builder appointed for $400 million City Tattersall Club redevelopment</h3>

The redevelopment of the <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">City Tattersall Club</a> in Sydney's CBD has progressed with the appointment of <a href="https://www.urban.com.au/builders/richard-crookes-constructions">Richard Crookes Constructions</a> as the builder.&nbsp;

The joint venture between First Sponsor and <a href="https://www.urban.com.au/developers/icd-property">ICD Property</a> secured development approval for the project at 194-204 Pitt Street in November 2021.&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=152517]

The plan involves replacing most of the existing building with a new 50-level tower comprising 241 apartments and a high-end hotel with approximately 110 rooms.&nbsp;

The heritage ground floor area will be preserved but undergo significant upgrades. Richard Crookes Constructions will collaborate with project architects Fjmt and BVN Architecture to deliver guest rooms and residences honouring the site's heritage.&nbsp;

Read more: <a href="/news/nsw/builder-appointed-for-400-million-city-tattersall-club-redevelopment-sydney-house">Builder appointed for $400 million City Tattersall Club redevelopment</a>

<h3>How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</h3>

Despite concerns about rising interest rates, Piety Group and <a href="https://www.urban.com.au/project-marketer/laver-residential-projects">Laver Residential Projects</a> have implemented an industry-first freeze on interest rate hikes to attract buyers, resulting in increased demand through Christmas and into 2023.&nbsp;

Piety Group offers free strata levies and a limited-time offer for a five per cent deposit exchange at their Wentworth Point apartment precinct, <a href="https://www.urban.com.au/buildings/one-the-waterfront-17-amalfi-drive-wentworth-point">ONE The Waterfront</a>.&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=209846]

Additionally, first-home buyers can avoid stamp duty on apartments under $1.5 million as part of the NSW Government's First Home Buyer Choice scheme.&nbsp;

Read more: <a href="https://www.urban.com.au/news/nsw/how-piety-group-are-attracting-first-home-buyers-and-investors-to-one-the-waterfront-apartments-in-wentworth-point">How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</a>

<h3>Rozelle Village, former Balmain Leagues Club redevelopment, set to launch</h3>

Heworth is set to launch <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a vibrant mixed-use precinct developed on the former Balmain Leagues Club site in Sydney's inner west.&nbsp;

Marketed through CBRE, the development centres around a new village square with retail spaces and apartments above. Recently amending the approved development application, Heworth seeks to reduce the number of apartments from 167 to 147 and change the mix to include more two and three-bedroom units.&nbsp;

<img alt="Urban's top five most read in 2023 in NSW" data-entity-type="file" data-entity-uuid="18513ff6-fe4a-4e8f-b8a2-1afed117f480" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rozelle%20Village.png?VersionId=N3f_hkdIP2TeqzGuf2t6pkPBJrVntzGe" />

<a href="https://www.urban.com.au/architects/scott-carver">Scott Carver Architects</a> and <a href="https://www.urban.com.au/architects/richards-stanisich">Richards Stanisich</a> collaborate on the project, envisioning a cultural and community-focused precinct that integrates residential, commercial, and public spaces.

Read more: <a href="https://www.urban.com.au/news/nsw/rozelle-village-former-balmain-leagues-club-redevelopment-set-to-launch">Rozelle Village, former Balmain Leagues Club redevelopment, set to launch</a>

<h3>First look: Double Bay's Knox Street to get facelift with Koichi Takada development</h3>

Renowned Eastern suburbs developer Eduard Litver, known for the Bondi Pacific redevelopment, is set to introduce an unprecedented project to <a href="/developments/double-bay-nsw-2028">Double Bay</a>, collaborating with Japanese architect Koichi Takada.&nbsp;

The mixed-use development, located at 27-37 Knox Street opposite The Cosmopolitan Centre, features retail and food spaces on the ground floor, commercial space on levels 1-3, two large double-storey apartments on levels 4 and 5, and parking across the basement and level 1.

<img alt="Urban's top five most read in 2023 in NSW" data-entity-type="file" data-entity-uuid="a011d3bf-7aae-4e5c-a8d3-7c705edfa676" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Koichi%20Takada%20Knox%20Street.png?VersionId=godD6EIGqebJcgSdD2oawIvXheL_lmTb" />

The proposed development aims to harmoniously enhance the streetscape with contemporary design elements, including sculpted timber-look aluminium framing, timber batten screens, glazing, and upper-level planting, according to the Urban Design Report by AE Design Partnership.&nbsp;

Read more: <a href="https://www.urban.com.au/news/nsw/first-look-double-bays-knox-street-to-get-facelift-with-koichi-takada-development">First look: Double Bay's Knox Street to get facelift with Koichi Takada development</a>

Urban's top most read articles in Sydney in 2023

Piety's completed ONE The Waterfront apartment development stands as one of the most striking buildings in Wentworth Point, one of the last remaining new foreshore suburbs on Sydney Harbour.

It was 2015 when Piety secured what was just derelict industrial land. They went about creating what is now a sought-after precinct in an ideal waterfront location which has a number of different commuting options to the city.

ONE The Waterfront is perfectly positioned on Amalfi Drive, a stone's throw from Homebush Bay, across the water from Rhodes, and a short walk from the Olympic Park Train Station.

A waterfront location is nothing without a ferry link. ONE The Waterfront residents are less than a kilometre away from the Sydney Olympic Park Ferry Terminal which has ferries regularly cruising into Circular Quay. That commute takes just over 20 minutes.

[smartcode_project:default project_id=5751 project_image_fid=195429]

While there's a bus stop right outside ONE The Waterfront, there's even future upside for residents, with the proposed light rail link between Westmead and Sydney Olympic Park, via Parramatta, set to add yet another commuting option.

The Wentworth Point Promenade runs along the water to the&nbsp;330-metre-long Bennelong footbridge which connects Wentworth Point to Rhodes where there's more riverfront walks.

Closer to home is shopping centre Marina Square, near the ferry wharf and the Wentworth Point Public School. That homes over 15 different eateries, as well as convenient amenity such as a Coles, Anytime Fitness, medical centre, a spa, kids cafe, and the cool cocktail bar The Dancing Bear.

The area's amenity quotient is further amplified by Australia's largest urban parklands, which boast an unmatched 35 kilometres of cycleways. There's also the nearby state-of-the-art Pulse Club and the expansive open spaces of Bay Park, providing further recreational options.&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=209854]

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/why-were-onto-our-third-one-the-waterfront-apartment-in-wentworth-point-urban-buyer-q-a">Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&amp;A</a>

Those seeking relaxation can indulge in a movie night at the private screening room in ONE The Waterfront's Club One private lounge. Residents will also have access to resort-like private facilities such as an open-air rooftop cinema, a huge swimming pool, tennis courts and rooftop gardens.

For families, the benefits of living at ONE The Waterfront extend to the proximity of highly regarded public and private schools, the University of Western Sydney, and multiple childcare centres, making it an ideal place to raise children with access to quality education.

[smartcode_project_cta:default project_id=5751]

alisonwarters@gmail.com

How Piety's ONE The Waterfront apartments fit into their Wentworth Point locale

It was a move back to Sydney that prompted entrepreneur Brett Boyle and his wife to secure an apartment in Piety Group's Wentworth Point development, ONE The Waterfront.

Following a two-year stint living in their Blue Mountains home during COVID, the couple returned to the city, and rented an apartment in ONE The Waterfront, the most recently completed building in Piety's waterfront precinct. They went on to buy a two-bedroom apartment in the same building.

Now with a baby on the way, the growing family decided to upsize, selling their apartment for a healthy eight per cent gain and staying put in ONE The Waterfront, buying a three-bedroom unit.

Boyle says the couple have lived on and off in Wentworth Point for the last decade or so, given it's where his parents reside.&nbsp;So when it came time to head back to the city, Piety's nine-building community offered a rare opportunity to live in a near-new apartment in an area they knew well.

[smartcode_project:default project_id=5751 project_image_fid=209824]

"We looked at buying an apartment when we first made the move back to Sydney, but we decided initially to rent within the precinct, to make sure it was the right fit for us," Boyle, who runs the business consultancy firm RiseUp, told Urban.

"Within six months, we bought in the same building."

Boyle says they were impressed with the quality and the level of detail in the project.

[smartcode_project:default project_id=5751 project_image_fid=209829]

"We were confident in both Piety's track record and what we'd physically lived in and owned. We had no problem committing to upsizing within the precinct knowing what we know about the developer," Boyle says, adding that he's now recommending to his family and friends to buy into the project.

"It has a real community-vibe, with the extensive resident amenity meaning you can socialise around a swimming pool or a barbecue area without having to travel far."

On top of the resort-style pool and barbecue areas, residents of ONE The Waterfront have access to a&nbsp;fee free commercial gym, tennis courts, and outdoor rooftop cinemas. There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

Boyle also noted the extended level of care from the Piety team, who are still actively involved in the development well past its completion.

"It's not a case of them selling the apartment and moving on. Piety continue to maintain a high-level of customer experience. The building managers do a very good job of maintaining the project."

Boyle took advantage of the generous incentive which was on offer when he bought the three-bedroom apartment, securing free strata levies for two years.

[smartcode_project:default project_id=5751 project_image_fid=195415]

Laver Residential Projects saw a huge uplift in interest since they released the incentive earlier this year. The incentive is still available for a limited time.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/how-piety-group-are-attracting-first-home-buyers-and-investors-to-one-the-waterfront-apartments-in-wentworth-point">How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</a>

First home buyers have also shown significant interest since the NSW Government signed off on the changes to stamp duty. Now&nbsp;a first home buyer won't pay any stamp duty when buying an apartment in ONE The Waterfront, given the most expensive three-bedroom remaining is priced at $1,109,000, well below the new $1.5 million cap.

Late last year Piety submitted plans for the final two towers in the waterfront precinct, which they started developing back in 2010.

[smartcode_project_cta:default project_id=5751]

Boyle says they were impressed with the quality and the level of detail in the project

Joel Robinson

Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&A

Despite generous government incentives in place for first home buyers, and investors seeing record rental yields due to the current rental market boom, both demographics are contracting when it comes to new lending.

First home buyer numbers dwindled again in November, to be over 30 per cent down since November 2021 and 50 per cent down from the January 2021 peak,&nbsp;according to stats from the Australia Bureau of Statistics.

Investor loans written declined 3.8 per cent in November to be 23 per cent down since November 2021.

Some developers are putting their strongest foot forward to differentiate themselves from other developers and projects, offering their own incentives to prospective buyers.

Traditionally, given investors and first home buyers are traditionally very different buyers, developers tend to offer two different incentives which cater for each of their needs.

Developer Piety Group are offering free strata levies at their recently completed Wentworth Point apartment precinct,&nbsp;ONE The Waterfront.

[smartcode_project:default project_id=5751 project_image_fid=209846]

The two years of no strata levies equates to around&nbsp;$11,000&nbsp;in savings. They're also offering&nbsp;for a limited time&nbsp;purchasers&nbsp;to exchange&nbsp;with just a five per cent deposit, as opposed to the traditional 10 per cent.

The one-bedroom apartments in ONE The Waterfront are priced from $599,000, meaning buyers will only have to face an upfront cost of $30,000. The apartments, despite complete, still fall under&nbsp;the&nbsp;first home owners grant threshold

First home buyers also now can pay no stamp duty on apartments under $1.5 million, as part of the NSW Government's new First Home Buyer Choice scheme.

Sam Elbanna&nbsp;from project marketer&nbsp;Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city.

[smartcode_project:default project_id=5751 project_image_fid=209835]

"There is simply no way this development can be replicated and sold at these prices again in such close proximity to the Sydney and Parramatta CBD’s," Elbanna added.

"The apartments are well thought out, finished superbly and located in a genuine resort style development with swimming pools, a fee free commercial gym, tennis courts and outdoor rooftop cinemas," Elbanna said.

There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

The new scheme is part of a conscious effort from Piety Group&nbsp;and Laver Residential Projects&nbsp;to offer their buyers the best value for money compared to their competitors.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195420]

Toward the back end of 2022, Piety&nbsp;and Laver Residential Projects recognised that buyers were concerned about increases in interest rates,&nbsp;consequently&nbsp;offering an industry first&nbsp;freeze on interest rates hikes&nbsp;so buyers, both owner-occupiers and investors, could freeze their rate when they purchased. The offer&nbsp;covered the cost of future interest rate rises of up to one per cent over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.&nbsp;

The incentives have seen buyer demand surge right through Christmas and into 2023, with a number of the one-bedroom apartments picked up by both demographics, and some quickly rented by investors.

A 2017 buyer of a one-bedroom apartment recently secured nearly $600 a week, representing a rental yield of over five per cent,&nbsp;considerably higher than the average rental yield of 3.4 per cent in and around Sydney. The apartment was snapped up after just one day.

The Amalfi Drive development,&nbsp;is&nbsp;conveniently located for commuters near the Sydney Olympic Ferry Terminal and&nbsp;has&nbsp;easy access to the Western Motorway,&nbsp;It&nbsp;was designed by Stanisich Architects who say ONE The Waterfront is crafted, contemporary and connected - three key ideas that underpin the aesthetic for the development.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195430]

The project sits on the doorstep of Bay Park's 5,000 sqm of parklands, which feature a children's playground, fitness station, and further barbecue facilities.

“Buyers are yet to grasp the likely value increases that are coming due to a number of factors,” Elbanna said.

“The new light rail station is opening up directly in front of the development providing&nbsp; fantastic and convenient public transport, whilst the new surf park will provide further entertainment for residents.”

[smartcode_project_cta:default project_id=5751]

Sam Elbanna from project marketer Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city

How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point

Having completed One The Waterfront in Sydney's Wentworth Point, busy apartment developer Piety Group is onto its final stage of their Wentworth Point project.

They've submitted plans for two more buildings, at this stage just known as Building F and Building C, which will bring a further 155 apartments to the area which was not so long ago just mud flats.

The development will have 620 apartments across nine buildings with the new apartments since Piety Group started the $520 million development phase in 2010.

Turner Studio noted in their architectural report submitted to the Parramatta council that the architectural form of the two towers seeks to acknowledge the pattern of the substantially completed One The Waterfront residential development.

<img alt="A proposed building" data-entity-type="file" data-entity-uuid="99c63429-a1c0-45fb-8007-7f53b0078340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.36%20pm.png?VersionId=L8oH8jbEu6lqeLA.ygFDJ0cG4BI8Svr3" /> 
A render of Building C. Image credit: Turner Studio

They noted that the&nbsp;built form of the previously approved development applications have allowed for stepping in the facade alignment, and substantial indents in the built form along Bennelong Parkway.

"These result in a highly articulated streetscape and urban design outcome," Turner suggested, adding that the proposed built form opens up view lines into the central podium courtyards to Bennelong Parkway that improves the permeability of the scheme.

"The new buildings are in keeping with their adjoining context and will marry with the remainder of the scheme. Their stepped building form will further enhance the articulation of the precinct’s streetscape."

<img alt="Building F" data-entity-type="file" data-entity-uuid="e0495a65-175e-4b16-bc61-aff866e1ecc1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.25%20pm.png?VersionId=ysmLohibLzmMPUjNleUAMPa1X7n86eh5" /> 
A render of Building F. Image credit: Turner Studios

They say the proposal significantly improves the building separation distances already achieved within the already completed components of the scheme.

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

"The proposal seeks to create a lush green landscape that frames and envelopes the proposed new Buildings E &amp; F. These new additional landscaped spaces will complete a network of green links that connect Homebush Bay to the Millenium Parklands, and the adjacent Bay Park to the Haslams Creek wetlands."

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

Piety Group submit final stage of Wentworth Point masterplan

While buyers continue to watch the RBA raise interest rates which, in turn, is damaging prospective buyers potential spending capacity, Sydney developer Piety Group is looking to offset any fears of future rate rises.

As an industry-first, Piety Group, in conjunction with Laver Residential Projects who are selling and marketing the newly completed luxury lifestyle apartments at ONE the Waterfront in Wentworth Point are making a unique ‘freeze your rate’ offer to investor and owner-occupier buyers.

The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.

[smartcode_project:default project_id=5751 project_image_fid=195417]

James Quigley, Managing Director of Piety Group said they believe the direct cost saving will appeal to both owner-occupiers and investors alike.

Sam Elbanna, Project Director at Laver Residential Projects, calls it a fantastic initiative.

“This is the first of its kind that I can recall in the Sydney market and I think this will give people confidence and, more importantly, peace of mind when buying," Elbanna said.

"There has been uncertainty - however, we know from experience this is likely to be a short-term rate hike for buyers and our offer can help overcome this.”&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195420]

The offer applies across the range of one, two and three-bedroom apartments at the brand-new resort-style ONE the Waterfront complex located at Wentworth Point, with prices starting from&nbsp;$599,000. The rate freeze applies for both owner-occupier and investor mortgages.

Piety Group recently lodged plans for the final stage of their Wentworth Point masterplan, adding another 155 apartments to the precinct.

The RBA has now hiked the cash rate in five consecutive months, with experts suggesting there are still a few more rate rises expected in 2022.

[smartcode_project_cta:default project_id=5751]

The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate

Piety Group

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