Last call for race to Randwick’s iconic Newmarket

APRIL 2026

As reported in the Wentworth Courier and realestate.com.au on 14 April 2026

It’s been a decade since Randwick farewelled the century-old Inglis Stables to make way for Newmarket, a $1bn residential project by developer Cbus Property.

The site is now on track to become a dynamic collection of private residences with a vibrant retail and dining precinct.

Back in 1917, the Inglis family transformed a 5ha block in the heart of Randwick into a thoroughbred auction site that became the stomping ground for some of Australia’s mightiest racehorses, including Black Caviar and Might and Power.

Those winning steeds were paraded in the sales yard under the huge Moreton Bay fig tree, which still stands today and now forms the centrepiece for Inglis Park.

Meanwhile, Norfolk terraces are priced from $2.55m for two-bedders and $3.47m for three-bedders (Artist Impression)

Norfolk is already 50 per cent sold out (Artist Impression)

Now that landmark piece of Sydney history has slowly been transformed into one of the largest masterplanned communities in the Eastern Suburbs.

Chris Kakoufas, chief executive of Cbus Property, says the final stage at Newmarket brings years of careful planning to fruition.

“As the closing chapter of the Newmarket Randwick story, we have intentionally revisited the site’s famous horseracing history, again paying homage to the Inglis family and business, who were custodians of the site for more than 100 years,” he says.

“Now, almost a decade on from breaking ground, we are seeing that vision come to fruition as a place that brings homes, green space and lifestyle-led amenity together, where people can live, connect and enjoy the convenience of a vibrant neighbourhood.”

Inglis Lane, down below the Inglis Residences, will be a 2200sqm retail and hospitality hub housing a curated mix of food and boutique businesses, including Fruitologist (Artist Impression)

Inglis Residences will feature 100 two-, three- and four-bedroom apartments across three buildings designed by architects SJB. Prices start at $1.8m (Artist Impression)

The finishing line is in sight for Newmarket Randwick as Stage 3 marks the home stretch for the development housing more than 600 private homes.

Late last year the first step of the final stage was launched with Norfolk Residences, a boutique collection of 40 homes, including 15 two- and three-bedroom terrace houses, crafted by architects Bates Smart.

As well as appealing to owner occupiers, they’re attractive to investors, too, with terraces likely to rent for as much as $2,800 a week.

Now that 50 per cent of Norfolk Residences has already been sold, Cbus has just released its last collection. Inglis Residences will feature 100 two-, three- and four-bedroom apartments across three buildings designed by architects SJB.

Prices for homes at Inglis Residences start from $1.8m.

Both Newmarket and Inglis Residences are currently under construction (Artist Impression)

Completion is expected by the third quarter of 2027 (Artist Impression)

Currently under construction, the final releases at Newmarket coincide with the launch of a new village-inspired retail precinct known as Inglis Lane.

The 2200sq m retail and hospitality hub will house a curated mix of food and boutique businesses, including Fruitologist.

This last lap for Newmarket will include a grand landscaped podium to connect the three Inglis blocks.

“This final piece will complete the Newmarket Randwick vision, enhancing the everyday convenience and amenity that residents value, while reinforcing the strong community spirit that has developed since construction first commenced in 2017,” Kakoufas adds. It’s expected to be complete by the third quarter of 2027.

Address: 20 Young St, Randwick

For sale: Off the plan

Inspect: Display suite open by appointment

Price guide:

Norfolk two-bedroom townhouses from $2.55m and three-bedroom townhouses from $3.47m; Inglis apartments from $1.8m.

Agent: Colliers

Contact: 1800 870 828.