A new apartment project in Kensington is set to reshape part of Sydney’s inner-east, as developer TOGA moves to address what it says is a shortage of homes for buyers in an area long dominated by student housing and short-term accommodation.
The project, known as The Kensington, is under construction at 147–151 Anzac Parade and is expected to be completed in mid-2026.
A Response to Local Housing Demand
The development follows growing demand for permanent housing near the University of New South Wales and the Randwick Health Precinct, where many workers and long-term residents seek homes close to employment, transport and services. TOGA identified a gap in market-ready apartments for buyers in Kensington despite strong activity in student accommodation.
Company representatives said the project is designed for owner-occupiers and local residents looking to downsize from larger homes in the area without reducing living space. The development will deliver 142 apartments, including two-bedroom and three-bedroom residences with relatively large floor areas compared with typical inner-city units.
The project also includes five street-level retail spaces along Anzac Parade. These are expected to support daily needs for residents and nearby households, with services such as a small supermarket, cafés, a pharmacy and personal care providers planned.
Focus on Connectivity and Community Living
Located directly opposite the Kensington Light Rail stop, the site offers quick connections to Sydney’s central business district, major hospitals and educational facilities. The location places future residents within reach of employment hubs, public transport and established neighbourhood amenities.
The building has been designed by Turner Studio and will include a rooftop garden with views towards Randwick Racecourse and Centennial Parklands. Some apartments will follow a SOHO-style layout, allowing residents to run small businesses or work from home.
Industry reports state that TOGA appointed DASCO, an iCIRT-rated builder, to deliver the project, reflecting efforts to meet construction and quality standards. The developer previously completed large-scale projects such as Surry Hills Village and a two-tower residential complex in Macquarie Park.
Investment Interest and Market Timing
Property analysts note the project’s completion timing may appeal to both investors and owner-occupiers as market conditions become clearer in the coming years. One-bedroom apartments are reported to start from about $1.03 million, with a limited offer allowing purchases with a five per cent deposit.
Developers suggest the mix of transport access, employment centres and nearby beaches could support long-term property value and demand. The addition of retail spaces and shared amenities is also expected to contribute to the local streetscape and daily life along Anzac Parade.
Published 17-Feb-2026
