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A three bedroom penthouse in the Esplanade residential development on Norwest Lake in Sydney's Hills District sold for more than $3 million.
The previous sales record was $2.35 million, paid for a penthouse in the Northpoint Apartment building in October 2014.
The penthouses in the Esplanade have been dubbed vertical homes in the sky, with three-metre-high ceilings, wintergardens to enjoy the large balconies all year round and luxurious finishes.
The penthouse range is priced between $2,000,000 and $2,950,000.
Steve Grant, executive chairman, Capital Bluestone, said in the same week this record sales price was set, another three-bedroom apartment in Esplanade sold for $2.5 million.
“We’re seeing a real willingness from people in the Hills to make a lifestyle choice and opt for a low-maintenance, low-hassle way of living that comes with an apartment,” he said. 
“Over the past 30 years, we’ve built our reputation on providing high-quality developments in the Norwest area and I’m thrilled these buyers want to be a part of Esplanade and trust that we’ll deliver an enviable place to call home.
“Esplanade offers second-to-none features like an infinity pool and spa, an outdoor cinema, lush landscaped areas for socialising and relaxing, cabanas, barbecue areas and a gymnasium – so I think these buyers have recognised the rare opportunity to enjoy such a resort-like lifestyle in The Hills.
“There’s no denying there is a strong appetite for apartment living in Norwest and that’s reflected by these incredible results – people recognise a unique project and want to be at the forefront of Norwest’s transformation into a thriving urban hub.”
“The ground floor retail and dining precinct at Esplanade has been a huge drawcard as there is nothing easier than simply popping downstairs for a meal after a long day.
"We’re also finding that people are confident they’re making a good investment when they consider the Norwest Metro Station under construction is only 400 metres from Esplanade and the business park is undergoing an incredible transformation with a new shopping centre on the way.”
Two bedroom apartments available from $780,000 to $1,165,000 with three bedroom units ranging from $1,165,000 to $1,375,000. 
For more information, visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a>. 
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j.ballantyne1990-6AQqhLzZaK

Esplanade penthouse sales smash The Hills record

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US co-working provider WeWork’s entry into Melbourne hasn’t fazed Servcorp, which says it is a luxury brand in the flexible office ecosystem.
Servcorp is a co-working, serviced and virtual office provider.
Both Servcorp and WeWork have established themselves internationally - with locations in 54 and 36 cities, respectively, according to a media release.
Earlier this year, WeWork leased into the iconic art deco building at 401 Collins Street owned by fund manager Impact Investment Group, taking the building’s rooftop and the entire nine floors of commercial space.
Its arrival in Melbourne is part of a rising trend of co-working spaces in the city. Last year, Hub Australia opened Victoria’s largest coworking space, Hub Southern Cross, in Melbourne, spread across 3,900sqm and two floors of the historic Mail Exchange building.
Servcorp says it differentiates itself from WeWork’s hot-desking model with “limited technology”, by providing organisations with a dedicated team of in-house administration and IT professionals to ensure a smoother experience, it said.
“At Servcorp, we also recognise that networking can bore opportunities, but we go further than just providing a fun place to network. We provide the platform to make these interactions happen,” it said.
Its new Community platform (servcorpcommunity.com) allows all 35,000+ Servcorp clients across borders to engage, collaborate and network, said Servcorp’s chief operations officer Marcus Moufarrige.
“Servcorp has thrived based on the premise that a prestigious address, the right support network, backed by technology gives new businesses a leg up,” Moufarrige said.
“It’s all about first impressions and accessibility. A recognisable address backed by team and technology creates a great impression of stability, of strength and permanence,” he added.
It has a standardised technology suite including Wi-Fi, printing and telecommunications. Other features include in-house IT support; call-routing technology; global VOiP and cloud hosted services. 
A start-up can access this level of technology via Servcorp’s Virtual Office starting from $50 per month.
For start-ups and SME’s the benefit is to tap into a global infrastructure providing a platform to really compete and for large corporations, it means a seamless transition and integration with Servcorp.
Servcorp has invested USD $100 million on a global communications network and offers “super-fast internet”, “business-class printers”.
Its travelling members have access to over 155+ office buildings and their proprietary technology, with support teams at every location to give clients a seamless experience.
“We have more team members on the ground than anybody else in the industry.
“Every location has at least 2 to 5 team members (depending on size) to help clients run their day-to-day, such as answering all their phone calls so they never miss a lead, administration so they can focus on what matters most, and other secretarial services that improve the quality of their working life”, said Moufarrige.
The two companies contrast in their approach, says Servcorp. 
WeWork is known for its “pop culture”, and caters to venture capital start-up companies, which is risky and more susceptible to market downturns.
Meanwhile, Servcorp supports start-ups as well as global corporates.
Its locations are also “landmark addresses with iconic views… and state-of-the-art communications technologies”, it said.
This has allowed the brand to remain resilient and nimble in the face of a rapid increase in co-working office solutions on the market, it said.
The company welcomed WeWork’s entry into Melbourne. 
“Competition is healthy. In fact, WeWork’s entry into Australia has been great for the entire industry.
“It’s made people aware of other options to traditional real estate,” said Moufarrige.
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Servcorp unfazed by Melbourne launch of co-working provider WeWork

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Sydney's eastern suburbs prestige home auction market faces testing times.
Estate agents are concerned the top end enters the winter hibernation with a serious overload of unsold stock.
Winter traditionally sees reduced activity as buyers and agents head overseas for holidays.
The eastern suburbs has dozens of stale listings on websites and off market.
There are 12 forlorn offerings sitting on the website of the leading eastern suburbs' listers, Sotheby's International with $10 million plus hopes.
The recent $13 million plus sale of the Bellevue Hill mansion of Japanese developer Kemmori “Alex” Yasumoto and his wife Sacha to the Berger family is hoped as the icebreaker sale on the sales impasse.
Michael Pallier secured the sale of the 2000-square-metre property on Suttie Road after seven months.
But another offering, in Rose Bay has been with its Sotheby's listing agent since 2014.
Another in Vaucluse was listed in late 2015 by agent Michael Pallier.
The home at 70 Wentworth Road had an initial price guide of more than $30 million.
The five-bedroom house on more than 1400sq m of harbour front land was listed by downsizers.
“They are empty nesters, their children have grown up, left home and they’re ready to pass the baton on to next person,” Pallier said at the time of 2015 listing, adding there had been interest from both local and overseas buyers which had buoyed hopes it would sell over the before the 2016 New Year.
“That pocket along there — there’s only a limited number of those prized, deep water front houses and they rarely come onto the market.”
But it was still there when the local paper advised Pallier hasn’t inked a deal yet in February this year, but noted he advised the $33 million five-bedroom waterfront abode at 70 Wentworth Rd had been particularly popular with Chinese buyers here for the Chinese New Year celebrations.
“They dream of being able to fish from the front garden or jetty,” he said.
Pallier was described in the spiel as a "listings machine" by his wife, Lu Lu who said she brings the buyers.
Pallier described this year’s Chinese New Year as "the strongest we’ve ever seen” in terms of inquiry from Chinese buyers and inspections.
But rival agents suggest the level of unsold stock pitched at the Chinese buyer was a sign of trouble in the market.
It is not just harbourside as last October a Tamarama Marine Drive, Tamarama building block was listed by Marco Rossi, chairman and founder of the construction company Built.
There were $15 million expectations for the property Rossi bought back in 2007 for $11 million through the Blacket Agency, setting a record for the suburb at the time.
He demolished the existing building and excavated at a cost of around $1 million.
Plans for the five bedroom home include an eight-car garage and a lift from the street frontage are estimated to cost another $7 million.
They were designed by internationally renowned architect Wallace E. Cunningham.
In March the private auction for the blue blood Hordern family's longheld Bellevue Hill trophy home didn't go ahead.
The Ginaghulla Road home was set for a private auction through Sydney Sotheby's James McCowan, but was pulled and remains for sale.
Heritage-listed, the iconic eight bedroom home was built as a wedding gift to June Baillieu and Samuel Hordern, who united two of Australia's most prominent families.
One of Sydney's most famed architects Professor Leslie Wilkinson was commissioned to design the home some 80 years ago.
The home, still etched with the Hordern family coat of arms, is set behind a walled entry with a forecourt in a church-style.
Another unsold offering is the redundant Point Piper home of BRW Rich Lister Paul Lederer and his wife Eva which was listed last December with $20 million hopes.
The Wyuna Road property was designed by architect John Suttor and purchased by the Lederers in 1992 for $2.8 million from businessman Charles Scarf and his wife Maria.
While the $10 million plus market appears stalled, valuers HTW recently noted the Sydney prestige property market, generally considered to be properties above $3 million, has continued its strong performance into 2017.
It pinpointed Bellevue Hill in Sydney’s east has having a total of 70 dwelling sales in the past 12 months with a median price as at April 2017 of $4.777 million.
HTW noted factors which have been driving the prestige market included a limited supply of quality stock coming on to the market and a sustained period of high auction clearance rates in prestige suburbs.
Savills recently noted prices in Sydney’s luxury eastern suburbs markets continued to increase in the first quarter of 2017, "albeit at a slower rate than seen across Greater Sydney."
The luxury property market increased by 1.2 percent over the three months to March 2017, taking annual growth to 8 percent.
This compares to a quarterly and annual growth of 5 percent and 18.9 percent respectively for Greater Sydney, according to Corelogic.
Savills says this outperformance was partly due to the price differential.
"The median price of properties in the luxury index is over $7 million compared to $795,000 across the wider Sydney market," it noted.
"The luxury eastern suburbs markets are less dependent on affordability - instead, the market is driven by global flows of wealth and a supply versus demand balance," Savills International head of research Sophie Chick said.
Savills calculated across the luxury market in the eastern suburbs the average price per square metre (internal and external) is $16,600.
For a property on the waterfront, that increases to $24,800, a 50 percent premium.
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Sydney's eastern suburbs prestige market enters winter with overpriced oversupply

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A two bedroom apartment in one of Sydney’s tightly-held apartment blocks sold for $8.715 million - making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-125351338" target="_blank">2502/2 Philip St</a>, the property has views of Circular Quay, Botanic Gardens and North Head.
It was last sold in 2009 for $7 million and before that in 1998 for $4 million.
It had been partially refurbished with potential for further enhancements with an interior size of 253 sqm.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/2502_2%20Phillip%20Street-2.jpg" alt="">
With a northern perspective there is the possibility of a third bedroom alongside open plan entertainment area.
Other features includes wraparound balcony and double garage.
The property was sold through Morton agents Ettiene West and Laura Lloyd-Cairns.
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Two bedroom Circular Quay, Sydney apartment fetches $8.715 million

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A four bedroom house at Canterbury has been sold for $4.75 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-125355394" target="_blank">42 Parlington Street</a>, the 55 sqm property is located opposite Norway Reserve and has a northern aspect.
It last sold in 2010 for $3.15 million and the block of land was sold in 1994 for $435,000 with the house built in 1996.
It sits on a 967 sqm of landscaped garden featuring a swimming pool and a terrace.
Reception rooms complement the entertaining areas with a north-facing billiards room with bar and poolside bathroom that leads out to the garden.
It also has an open-plan living and dining room with a gas pebbled fireplace while the kitchen has Gaggenau appliances.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/42%20Parlington%20Street-2.jpg" alt="">
The main bedroom features a dressing room, balcony and marble spa ensuite along with three other bedrooms that have a bathroom and retreat/study with balcony.
Other features includes double garage and 1000 bottle wine cellar.
Close proximity to public transport, Canterbury and Camberwell shopping centres and cafes.
The property was offered through Kay and Burton agents Zoe Ho and Sam Wilkinson.
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Canterbury four bedroom house sold for $4.75 million

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The former Collingwood ruckman Josh Fraser failed to sell his Hawthorn home at weekend auction.
Despite competition between two bidders, <a href="https://www.realestate.com.au/property-house-vic-hawthorn-125302466" target="_blank">the three-bedroom house </a>(above) passed in at $1.87 million after the slow auction kicked off at $1.7 million.
The reserve was $1.975 million, with later negotiations seeing the top offer increased to $1.885 million, the agent told The Herald Sun.
Baltic pine floorboards and an exposed brick open fireplace were design features.
Auctioneer Anton Zhouk said Fraser had updated the bathroom in 2007 and Fraser was looking to upsize in the local area with wife Kylie Sutcliffe and their two children.
Fraser, currently the development coach at Cartlon Football Club, spent $610,000 on the classic Victorian home in 2002 when it was bought from then team mate, Nathan Buckley who had paid $390,500 three years earlier.
The top weekend sale across the nation was a two bedroom apartment in one of Sydney’s tightly-held apartment blocks that sold for $8.715 million.
Located at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-125351338" target="_blank">2502/2 Philip St</a>, (below) The Quay offering sold to the neighbours, according to the Sunday Telegraph.
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.40.29%20AM.png" alt="">
It was $965,000 above reserve with through Ettiene West of Morton advising four of the 10 registered bidders got to participate.
The 25th floor apartment that overlooks Circular Quay and the Botanic Gardens last sold in 2009 for $7 million and in 1998 for $4 million.
The 253 sqm space had been partially refurbished.
A villa unit at Sunshine in Melbourne sold for $245,000 to rank as the nation's cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-unit-vic-sunshine-124099310" target="_blank">4/136-140 Wright Street</a>, (below) the one bedder offered through Douglas Kay Real Estate has been a $250 a week rental until November.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/4_136-140%20Wright%20Street.jpg" alt="">
The neighbouring one bedroom villa had sold two months ago at $242,000.
The national weekend preliminary auction clearance rate remains strong despite last autumn auction volumes increasing marginally, according to CoreLogic.
The property data firm says that Melbourne had the highest preliminary clearance rate at 77.3 percent, one of four capitals with success rates in the 70s.
The auction activity across the capital cities increased slightly this week, up from 2,824 last week to 2,850 this week, while this time last year auction volumes were lower, with 2,480 homes taken to auction across the combined capital cities.
This week’s preliminary average clearance rate across the combined capitals was 74.6 percent, increasing from 73.1 percent over the previous week and up from 67.7 percent one year ago.
There were 1,350 Melbourne auctions this week, making it the busiest capital city. Across the 1,155 reported results, 77.3 percent were successful this weekend.
The number of auctions held and the clearance rate across Melbourne this week were very similar to last week, when 1,326 auctions were held and a clearance rate of 77.9 percent was recorded.
"Interestingly, the clearance rate in Melbourne is yet to fall below 75 percent so far this year," CoreLogic auction analyst Kevin Brogan said. 
The weekend's strongest performing Melbourne sub-region was the Outer East with 88.8 percent of auctions clearing.
Melbourne's top sale was a four bedroom house at Canterbury at $4.75 million.
The 1996-built <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-125355394" target="_blank">Parlington Street</a> (below) offering, last sold in 2010 for $3.15 million, sits on a 967 sqm of landscaped gardens with pool.
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.42.42%20AM.png" alt="">
Some 1,086 Sydney homes were auctioned over the past week with preliminary results showing 76.2 percent were successful, increasing from 74 percent last week across 1,075 auctions.
One year ago, 811 auctions were held across Sydney and a clearance rate of 73.2 percent was recorded.
Ryde recorded the strongest Sydney clearance rate of 90.9 percent across 46 auctions, followed by Sydney's inner West at 88 percent.
There were 159 Brisbane homes taken to auction this week, with 109 results reported so far. The top sale was when Ray White sold a four bedroom house at Spring Hill for $1.452 million.
Located at <a href="https://www.realestate.com.au/property-house-qld-spring+hill-125367634" target="_blank">429 Gregory Terrace</a>, (below) the three level property had been renovated since last sold.
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.43.50%20AM.png" alt="">
Brisbane's preliminary clearance rate was 56 percent, up from 46.3 percent last week and stronger than one year ago, when 41.7 percent of the 192 properties taken to auction were successful.
Adelaide recorded a clearance rate of 54.9 percent across 111 auctions this week, down from 62.9 percent across 116 auctions last week.<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.34%20am.jpg" target="_blank"> </a>
At the same time last year, 125 Adelaide homes were taken to auction, with 52.6 percent recording a successful result.
In Perth, 46 auctions were held this week, and of the 14 reported results, 71.4 percent were successful.
Last week, 50 auctions were held and the clearance rate was a lower 35.3 percent.
This time last year, 58 auctions were held and a clearance rate of 30.6 percent was recorded.
Canberra’s clearance rate of 75.9 percent across 93 auctions, up from the previous week, when 83 auctions were held and a clearance rate of 74.4 percent was secured.
Over the same weekend last year, the clearance rate was 70.5 percent when 109 auctions were held.
A six bedroom 1961 Red Hill house sold for $1.612 million was the top sale.
Located at <a href="https://www.realestate.com.au/property-house-act-red+hill-125325626" target="_blank">23 Scarborough Street</a>, (below) the 1297 sqm property has retained much of its original features.
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.44.49%20AM.png" alt="">
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Apartments ranged between $240,000 and $8.7 million at weekend auctions

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Pimpama in Queensland has been pinpointed as Australia's number one housing hotspot, based on its performance during 2015/16.
It is a suburb in the northern part of the City of Gold Coast, located on the Pacific Motorway 30 kilometres north of Surfers Paradise.
In second place was Sydney's Cobbitty-Leppington area, followed by Palmerston-South in the Northern Territory, according to HIA's latest Population &amp; Residential Building Hotspots 2017 report released on Sunday.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.47.43%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.47.43%20AM.png" alt="">
Population in these areas grew by more than the 1.4 percent national average during 2015/16 and had at least $150 million worth of residential building approved, HIA said. 
Palmerston-South in the NT in third place in the national Top 20. Nine of the top 20 hotspots are located in New South Wales. 
“With 2016 representing a record year for new home building activity across Australia, the housing industry has been supporting economic activity in localities up and down the country. The good news on housing is not confined to the major capital cities – today’s report shows that regional Australia is also peppered with housing Hotspots,” commented HIA Senior Economist Shane Garrett. 
“In terms of its economic contribution, the housing industry is truly unique. Today’s report identifies 86 separate areas in every state and territory across Australia where residential building activity is acting as the engine of economic activity, employment and development. Small businesses are particular beneficiaries of housing activity,” concluded Shane Garrett. 
Nationally, an area qualifies as a Hotspot if its population grew by more than the 1.4 percent national average during 2015/16 and at least $150 million worth of residential building was approved during the year.
Pimpama's latest residential development is Halcyon Greens, a $300 million masterplanned community for over 50s.
 
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Gold Coast's Pimpama pinpointed as Australia's home building hotspot by HIA 

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The weekend preliminary auction clearance rate remains strong despite last autumn auction volumes increasing marginally, according to CoreLogic.
The property data firm says that Melbourne had the highest preliminary clearance rate at 77.3 percent.
The amount of auction activity across the capital cities increased slightly this week, up from 2,824 last week to 2,850 this week, while this time last year auction volumes were lower, with 2,480 homes taken to auction across the combined capital cities.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.39.51%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.39.51%20am.jpg" alt="">
This week’s preliminary weighted average clearance rate across the combined capitals was 74.6 percent, increasing from 73.1 percent over the previous week and up from 67.7 percent one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.39.59%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.39.59%20am.jpg" alt="">
Melbourne saw the highest preliminary clearance rate across the cities at 77.3 percent, down slightly from last week.
Sydney's clearance rates increased week-on week though Adelaide and Tasmania saw clearance rates fall.
There were 1,350 Melbourne auctions this week, making it the busiest capital city for auctions. Across the 1,155 reported results, 77.3 per cent were successful this weekend.
The number of auctions held and the clearance rate across Melbourne this week were very similar to last week, when 1,326 auctions were held and a clearance rate of 77.9 percent was recorded.
Interestingly, the clearance rate in Melbourne is yet to fall below 75.0 percent so far this year.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.08%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.08%20am.jpg" alt="">
This week’s strongest performing Melbourne sub-region was the Outer East with 88.8 percent of auctions clearing.
This week, 1,086 Sydney homes were auctioned and preliminary results show that 76.2 percent were successful, increasing from 74.0 percent last week across 1,075 auctions.
One year ago, 811 auctions were held across Sydney and a clearance rate of 73.2 percent was recorded.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.16%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.16%20am.jpg" alt="">
Ryde recorded the strongest Sydney clearance rate of 90.9 percent across 46 auctions, followed by Sydney's Inner West at 88 percent.
There were 159 Brisbane homes taken to auction this week, with 109 results reported so far.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.26%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.26%20am.jpg" alt="">
The preliminary clearance rate for the city is 56 percent, up from 46.3 percent last week and stronger than one year ago, when 41.7 percent of the 192 properties taken to auction were successful.
Adelaide recorded a clearance rate of 54.9 percent across 111 auctions this week, down from 62.9 percent across 116 auctions last week.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.34%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/Screen%20Shot%202017-05-28%20at%2010.40.34%20am.jpg" alt="">
At the same time last year, 125 Adelaide homes were taken to auction, with 52.6 percent recording a successful result.
In Perth, 46 auctions were held this week, and of the 14 reported results, 71.4 percent were successful.
Last week, 50 auctions were held and the clearance rate was a lower 35.3 percent.
This time last year, 58 auctions were held and a clearance rate of 30.6 percent was recorded.
Canberra’s clearance rate of 75.9 percent across 93 auctions is up from the previous week, when 83 auctions were held and a clearance rate of 74.4 percent was recorded.
Over the same week last year, the clearance rate was a lower 70.5 percent, and 109 auctions were held.
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Late autumn auction clearance rate remain strong: CoreLogic

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Abingdon Station, a beef cattle holding at Gundagai, has been listed for sale.
Located at 1609 Nangus Road, the 2,918 hectare property is a large scale signature agricultural holding.
It is centrally located to take advantage of livestock markets, agricultural and business services.
Wagga Wagga is 45 minutes away while Canberra is 2 hours and Sydney 3.5 hours.
Gary Williamson has managed Abingdon Station for the past 16 years.
The Robinson Family owned it before being sold at auction to the McKinney family in 1927.
Then in 2001, Paul Ferry and his great friend in America, Jake Wood purchased Abingdon from Joe McKinney.
In August 2002 Abingdon West was purchased and in September 2004 Abingdon East was acquired.
Under the stewardship of Paul Ferry and the management of Gary Williamson, Abingdon Station has emerged as a highly regarded and well renowned livestock operation which is equally suited to both cattle or sheep.
Featuring 5.5 kilometre of frontage to the Murrumbidgee River, it has a 711 ml irrigation licences with a Centre Pivot Irrigator, creeks, bores and 48 dams.
A six bedroom 1890 double brick homestead has been extensively renovated.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/26/Screen%20Shot%202017-05-26%20at%2010.18.03%20am.jpg" alt="">
There is also a five bedroom managers residence.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/26/Screen%20Shot%202017-05-26%20at%2010.29.32%20am.jpg" alt="">
The property is offered through Jim Saunderson Elders agent Abb McAlister,Webster Nolan Real Estate agent David Nolan and DibbsBarker agent David Sharpe.
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Gundagai beef cattle holding, Abingdon Station, listed for sale

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The Commonwealth Bank of Australia (CBA) has announced it is once more taking in new investor refinancing.
It had put the brakes on investor lending last February.
The bank will now accept new refinance applications for investment home loans with principle and interest repayments.
“As Australia’s largest lender, Commonwealth Bank is committed to meeting our customers’ needs as well as ensuring we continue to meet our regulatory requirements. 
“We continuously review and monitor our loan portfolio across all segments, including investor home lending,” a CBA spokesperson told Australian Broker.
“These changes follow APRA’s announcement in March for banks to reduce the number of interest only home loans, and are aimed at encouraging customers to select principal and interest, where appropriate, to help them own their home faster.”
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CommBank reopens property investor refinancing

Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Staff reporter

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