Latest News

Parry’s Cove Receives DA Approval

The Hunter and Central Coast Regional Planning Panel, with Mid Coast Council’s support, has approved the Parry’s Cove development by Sheargold at Tea Gardens.

The initial approval will deliver a high-quality addition to the community of Tea Gardens with:

  • 559 residential lots in 14 stages;
  • over 114 hectares of conservation area;
  • a residents’ multi-purpose building known as the ‘Hub’ with adjoining playground and tennis courts;
  • a Wellness Centre with 25m indoor swimming pool, gym, and studio;
  • 2 new parks and a combined 19 kilometres of footpaths and cycleways; and
  • new roads and associated drainage and landscaping works.

It is envisaged the entire Parry’s Cove Community will deliver approximately 900 dwellings once approval is obtained for a further 2 stages and plans are submitted to Mid Coast council for a diversity of housing choices across the site.

The project is expected to inject more than $840 million to the economy, generate approximately 1,900 construction jobs alone over 10 years of development and provide a net increase of approximately 560 jobs for local residents.

After receiving State Government approval back in early 2019, the Development Application was lodged with Mid Coast Council in October 2019, and construction anticipated to commence mid-2023.

By integrating parks, playgrounds, multi-age fitness areas and a state-of-the-art Wellness Centre with an indoor swimming pool and gymnasium into the existing natural environment, Parry’s Cove will become the benchmark for active, healthy living on the mid north coast.

The development has received full EnviroDevelopment certification from the Urban Development Institute of Australia demonstrating Sheargold’s commitment to delivering sustainable master planned communities. The project will deliver over 114ha of Biobank lands protected into perpetuity, conserving local biodiversity while utilising existing bushland, abundant waterways and beaches to create a connected and walkable streetscape, ensuring residents and the broader community can enjoy the beautiful natural setting.

The Parry’s Cove project takes its name from the local area’s deep history and distinct landscape.  Sir William Edward Parry and his wife Lady Isabella Louisa Parry were outstanding pioneers of the area who contributed greatly to the community.

Managing Director of Sheargold, Michael Sheargold said “There has been a significant investment of both time and resources to achieve this milestone for the Parry’s Cove project.  Whilst we are unfortunately not as progressed with Parry’s Cove as we initially anticipated, some 8 years into our carriage of the project we look forward to commencing delivery of a high-quality community to complement the natural beauty of the area”.

Sheargold intend to commence construction on the first stage of Parry’s Cove in mid-2023, once construction approvals have been obtained.  The first stage will include residents’ facilities, a sales and information centre, display village and approximately 40 residential lots.

Sarah Thompson selected for Property Council 500 Women in Property

We are pleased to announce that one of our Development Managers, Sarah Thompson has been selected to take part in the Property Council of Australia’s 500 Women in Property Initiative.

The 500 Women in Property Initiative aims to accelerate more women into leadership positions through sponsorship of high potential talent. All participants will attend a series of networking events and bespoke masterclasses and enjoy other benefits including observing a Property Council Committee.

‘I’m pleased and proud to be selected as a participant in the 500 Women in Property Program 2022. It is a fantastic opportunity to meet and network with other women in the property industry, and I’m excited to engage with the program activities and opportunities on offer.’ Sarah Said.

When asked about Sarah’s acceptance into the initiative Managing Director Michael Sheargold said ‘We are lucky to have Sarah on our team, as we know her potential and wish her the best as one of the 500 Women in Property and look forward to supporting her fully throughout the program and also in her career more broadly’.  

The House That Convoy Built Brings Record Price

After an epic battle between 3 bidders, played out to an audience of over 50 interested spectators, the House that Convoy Built sold for a record $1,315,000 with 100% of the proceeds going directly to the Illawarra Community Foundation.

This beautiful 3 bedroom, 2 bathroom home was project managed by GJ Gardner who were able to source local tradesmen and suppliers who generously donated their time and products.  The interior was stunningly decorated and all furniture and fittings were included in the sale price.  The land, valued at $440,000, was donated by Sheargold and we are enormously proud to have been associated with such a worthy cause.

Click here to view the Win TV special on The House That Convoy built.