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NSW's Griffith residential market is approaching its peak, according to Herron Todd White’s April report.
The property valuation firm says that values have increased over the past six to nine months.
“The Griffith residential property market appears to be approaching the peak of the market.
"Values have been increasing in most market segments over the past six to nine months largely due to a shortage of stock relative to demand.
"The fear of missing out is pushing more affordable brackets ($250,000 to $350,000) well above expectations.
"The rise in the market is not limited to entry and middle market segments with buyers in the upper end of the market also showing a strong appetite producing strong results,” the report stated.
Low interest rates, shortage of land and optimism is driving the market at the present moment.
“So what is driving the market at present?
"A combination of things, including low interest rates, a shortage of land and the biggest factor being the optimism in the local agricultural sector and its impact on employment and investment.
"So what is likely to slow it down?
"The cost of money rising (interest rates), employment instability, the release of more land and the inability of the economy to retain its confidence,” the report warned.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-griffith-125329774" target="_blank">14B Grimison Avenue</a>, Griffith (above) has been listed for $249,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-griffith-125255310" target="_blank">62 Madden Drive</a>, Griffith (below) has been listed for $349,000.
The block of land was sold in 2015 for $95,000 with the house built in 2016.
<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/2017/05/16/62%20Madden%20Drive.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-griffith-125166842" target="_blank">6 Evanside Parade</a>, Griffith (below) was recently sold for $300,000.
It was last sold in 2012 for $252,000.
<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/2017/05/16/6%20Evanside%20Parade.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-griffith-125074086" target="_blank">72 Bromfield Street</a>, Griffith (below) was recently sold in April this year for $300,000.
It was last sold in 2008 for $282,500 and in 1996 for $147,000.
<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/2017/05/16/72%20Bromfield%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Griffith's residential market approaching its peak: HTW

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The current state of Melbourne's Outer South Eastern market would currently be described as slowly strengthening, according to Herron Todd White’s latest May report.
The property valuation firm says that interest in suburbs such as Clyde, Officer and Pakenham are increasing.
“With continued population growth, current low interest rates as well as readily available land, residents are looking to newly developing suburbs such as Clyde, Officer and Pakenham for the relatively affordable land or established homes.
“This is especially true for first home buyers and young families who are looking for a dwelling as opposed to a smaller inner city apartment or townhouse with limited backyard.
“This area is described as a growth corridor, with prices for new residential land noticeably increasing over the past 12 months as detailed in the below graph,” the report stated.
<a href="https://www.propertyobserver.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%209.55.20%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/2017/05/19/Screen%20Shot%202017-05-19%20at%209.55.20%20am.jpg" alt="">
Herron Todd White says that investments in public transports, shops and major roads are also increasing the popularity of the area.
“With the government’s commitment to infrastructure and investment in the region including public transport, shopping precincts and major roads, the popularity of the area is expected to continue.
“The main factor that could potentially have an effect on property prices within this region would be interest rates.
“Being that the area is made up of young families and first home buyers, a rise in interest rates may discourage buyers from getting into the property market which could slow the rise in property demand and as such have an impact on property prices.
“However with continued growth in our population, demand for property within the region is expected to remain, with performance expected to be slow but steady,” the report commented.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-clyde+north-125507274" target="_blank">23 Frankland Street</a>, Clyde North (above) has been listed for between $680,000 to $740,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-clyde+north-125505346" target="_blank">12 Montevideo Lane</a>, Clyde North (below) has been listed for between $440,000 to $460,000.
<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/2017/05/19/12%20Montevideo%20Lane.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-clyde+north-125326378" target="_blank">3 Nokota Lane</a>, Clyde North (below) was recently sold for $440,000.
<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/2017/05/19/3%20Nokota%20Lane.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-clyde+north-125261662" target="_blank">3 Glenelg Street</a>, Clyde North (below) was recently sold in April for $525,421.
<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/2017/05/19/3%20Glenelg%20Street.jpg" alt="">
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Melbourne's Outer South East residential market is beginning to strengthen: HTW

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Holten at Kilmore has been listed for auction by Ruralco Property’s local office who expect it to attract local, interstate and even international buyer interest.
The land area of 130 hectares is of productive soils.
It has enabled the vendors to run an average of 40 cows and their calves plus additional replacement heifers over the last seven years.
The 480 O’Grady’s Road property comes with a five-bedroom plus study architect designed.
Then grandly proportioned homestead comes with rendered brick veneer in a Tuscan style.
There is also the inherent future development potential as possible five acre or similar sized small holding and lifestyle subdivisions with quality homes that are already against the southern boundary of this holding.
The vendor says he bought the property with his wife in 2008 to pursue a farming interest as it was within a thirty-minute commute to Melbourne’s northern suburbs down the multi lane Hume Freeway.
But he says that reaching retirement age, having sold his professional practice, and seeing evidence that his physical energy resources are fading, the time has come to downsize.
“Owning and developing Holten, named in honour of my father, has been a great experience but we both feel that downsizing will be right course for the future.
“The next owner should be in a prime position to capitalise on the prospect to subdivide and develop this holding into smaller lifestyle lots which has been happening around us for some years.
He adds “one of the keys here is the location midway between the Kilmore East and Wandong railway stations which are already used by a growing number of city commuters each day, together with the Hume Freeway access to the northern suburbs”.
Adjoining the house is a tiled in ground solar heated swimming pool together with a Plexipave full sized tennis court.
There are seven catchment dams, Broadhurst Creek adjacent to the southern boundary and two annual creeks traversing the Holten property in a 650 mm plus annual rainfall average.
Ruralco Property Kilmore’s selling agent Jeanette Laffan says the expected price estimate for Holten is $2.75 million to $3 million.
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Kilmore rural property expected to attract interest

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A new residential development in Brisbane’s waterfront Hamilton district has released a new range of apartments.
Brookfield Residential Properties’ Gallery House has released 12 new two bedrooms apartments which also come with a multi-purpose room.
<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/2017/04/10/Gallery%20House%20-%20living.jpg" alt="">
Brookfield’s general manager Lee Butterworth said the release comes after sales of two bedroom apartments, with 40, two bedroom apartments already sold.
The new floorplan was created in response to market demand for flexible living spaces, Butterworth said.
"Our fastest selling apartments in Gallery House have been the two bedroom floorplans, and with limited two bedroom apartments remaining, we saw an opportunity to release the new design to fill a gap in the market," he said.
"The multi-purpose room in the new two bedroom apartments can be used as a study, media room, play room or even as a spare room if extra guests or grandchildren come to visit."
They have worked closely with architect, Cottee Parker.
The 'River Collection' at Gallery House features two and three bedroom apartments with two car spaces and river views; while the 'City Collection' comprises one and two bedroom apartments with either suburban or river views.
One bedroom apartments in Gallery House start from $419,000; the new two bedroom plus multi-purpose room start from $715,000; and penthouses starting from $2.6 million.
For more information, <a href="https://gallery-house.com.au" target="_blank">click here</a>.
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New layout released for Brisbane waterfront development Gallery House

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Superannuation fund returns continued their eight year bull run in April.
Boosted by international shares and a fall in the Australian dollar, the median balanced option return posted 1.4 percent.
It built on the 1.5 percent returned in March taking the financial year to date return to 10 percent.
"Even a 300 point loss on Wall St in mid-May wasn’t enough to stop the momentum with May now also looking like delivering positive returns for funds,” said SuperRatings chairman Jeff Bresnahan.
“We have not seen the strong boost in confidence many have been hoping for, but neither have we seen any sign of a sustained pullback or dramatic loss of momentum.
“Despite the fact that significant risks remain, including in the housing market, the outlook for 2017 remains somewhat positive.”
Cash and fixed interest returns remain meagre, sitting at 1.4 percent and 1.3 percent for the financial year to date respectively.
Australian and global shares have been the star performers for the financial year thus far with returns of 15.3 percent and 15.6 percent respectively.
“It would be a great result to achieve a double-digit return for the financial year, but we still have a bit longer to go,” said Mr Bresnahan.
“Volatility has begun to increase in line with continued political uncertainty globally, and market momentum is positive.
“However, investors should be careful not to under-price risk in this environment.”
<a href="https://www.propertyobserver.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.21.24%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/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.21.24%20am.jpg" alt="">
The Australian market had a mixed month in April, posting a return of 1.0 percent, weighed down by negative performance from the Materials (-0.2 percent) and Energy (-0.6 percent) sectors, and a challenging month for Consumer Staples (-2.6 percent).
The main gains came from the Industrials sector (+4.4 percent), with strong gains from Brambles (+10.6 percent) following its announcement that it is on track to meet its 5 percent sales growth target.
Another recovery story came from the much-maligned Bellamy’s, which gained strongly late in the month to post a return of 22.4 percent with the installation of new management, as well as continued demand for Australian baby formula from the Chinese market.
The US market rally continued unabated through April, with the Dow Jones Industrial Average price index posting a rise of 3.6 percent – this despite a disappointing GDP reading of only 0.7 percent for Q1 2017.
The French CAC 40 returned 7.1 percent in April as Emmanuel Macron sailed to victory in the French presidential election, while the EuroStoxx 600 Index gained 5.8 percent, as confidence in the European recovery continued to build.
“Interestingly, equity market gains have coincided with a fall in yields in major markets, as well as a fall in the US dollar,” said Mr Bresnahan.
“With valuations starting to look high in the US, investors are holding out for the President’s proposed tax cuts to be made law, which are needed to consummate the reflation trade.”
Global yields fell in April, continuing a downward trend started in the previous month.
While rates have been trending higher since October 2016 and yield curves have steepened, investors have appeared to embrace duration again, reflected in longer- term fund flow.
The US 10-year Treasury yield fell from 2.39 percent to 2.28 percent after reaching an intra-month low of 2.17 percent.
While recent CPI releases in both Europe and the US have been promising, the numbers have moderated in recent months, and core inflation remains below central bank targets.
Longer-term returns for super continue to sit close to funds’ inflation targets, with the seven-year return sitting at an estimated 7.8 percent p.a. (above most funds’ CPI targets).
The 10-year return moved lower to 4.8 percent p.a., although it remains impacted by the Global Financial Crisis, which occurred nearly ten years ago.
The point of maximum monetary stimulus has passed, signalled by the US Fed’s March rate hike, although monetary policy remains very accommodative globally, and quantitative easing measures in Europe have not yet been tapered.
Compared to a year ago, when the FYTD return was 1.4 percent, there has been a strong turnaround in returns, but the idea of returns being lower for longer is still a key point of discussion in the industry.
While inflation appears to be taking hold, it has moderated in recent months, prompting central banks, and especially the US Fed, to reconsider the pace of tightening.
<a href="https://www.propertyobserver.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.23.21%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/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.23.21%20am.jpg" alt="">
 
He noted Australian markets have been supported by fundamentals, with full-time employment continuing to grow in April, and manufacturing firmly in expansion.
However, there is also evidence of a loss of upward price pressure, partly as a result of declining energy prices and tumbling iron ore values through March and April.
The 2017-18 Federal Budget, delivered this month, presented an optimistic view of the economy, with the path back to surplus in 2020-21 predicated on a gradual lift in wages growth from 1.9 percent to 3.75 percent.
“Economic indicators remain robust, although weaker inflation figures may be of some concern to investors as well as central banks."
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Australian super funds offering 10 percent returns 

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ASIC has disqualified Nathan Tinkler, Donna Dennis and Troy Palmer from managing companies for between three and four years for multiple serious failures in their duty as directors.
Tinkler's three-years and nine-months disqualification follows the appointment of liquidators to 11 companies he managed:
<ul>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Tinkler Group Pty Ltd</li>
<li>Tinkler Group Holdings Administration</li>
<li>Monegeetta Holdings Pty Ltd</li>
<li>Patinack Farm Holdings No 4 Pty Ltd</li>
<li>Patinack Farm Holdings No 8 Pty Ltd</li>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Aston Metals Limited</li>
<li>Patinack Farm Administration Pty Ltd</li>
<li>Mulsanne Resources Pty Ltd</li>
<li>Supercar International Holdings Ltd</li>
</ul>
Dennis' three-year disqualification follows the appointment of liquidators to nine companies she managed:
<ul>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Hunter Sports Special Events Pty Ltd</li>
<li>Tinkler Group Pty Ltd</li>
<li>Tinkler Group Holdings Administration Pty Ltd</li>
<li>Monegeetta Holdings Pty Ltd</li>
<li>Patinack Farm Holdings No 4 Pty Ltd</li>
<li>Patinack Farm Holdings No 8 Pty Ltd</li>
<li>Newcastle Jets Football Operations Pty Ltd</li>
</ul>
Palmer's three-years and nine-months disqualification follows the appointment of liquidators to nine companies he managed:
<ul>
<li>Thoroughbred Administration Pty Ltd</li>
<li>Newcastle Jets Football Operations Pty Ltd</li>
<li>Ocean Street Holdings Pty Ltd</li>
<li>Aston Metals Limited</li>
<li>Patinack Farm Administration Pty Ltd</li>
<li>Mulsanne Resources Pty Ltd</li>
<li>Supercar International Holdings Ltd</li>
<li>The Supercar Club Pty Ltd</li>
<li>TSCCF Pty Ltd</li>
</ul>
As a result of information contained in reports provided by the liquidators of the failed companies, ASIC was concerned Tinkler, Dennis and Palmer had:
<ul>
<li>failed to prevent the companies from trading while insolvent;</li>
<li>failed to ensure the companies paid their taxes;</li>
<li>failed to discharge their duties as a director; and</li>
<li>allowed one of the companies to deliberately operate at a loss.</li>
</ul>
Tinkler and Palmer were each disqualified from managing companies for three years and nine months, effective from 18 May 2017 and 12 May respsectively. Ms Dennis has been disqualified from managing corporations for three years, effective from 22 May 2017.
ASIC Commissioner John Price said the disqualifications imposed on these directors should highlight the consequences that can follow when companies are poorly managed.
"ASIC will seek to hold company directors accountable if they systemically fail to discharge their obligations when managing companies."
Section 206F of the Corporations Act allows ASIC to disqualify a person from managing corporations for up to five years if, within a seven-year period, the person was an officer of two or more companies, and those companies were wound up and a liquidator provides a report to ASIC about the company’s inability to pay its debts.
ASIC also maintains a public register of banned and disqualified persons that provides information about people who have been:
<ul>
<li>disqualified from involvement in the management of a corporation;</li>
<li>disqualified from auditing self-managed superannuation funds (SMSFs); or</li>
<li>disqualified from practising in the financial services of credit industry.</li>
</ul>
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Nathan Tinkler, Donna Dennis and Troy Palmer banned by ASIC from managing companies

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Warracknabeal ranks as the cheapest Victoria locality to purchase a house, according to a recent Investar report.
The property investment firm says that the median price for three bedroom houses in Warracknabeal, famous as the hometown of musician Nick Cave, is $130,500.
This is followed by Dimboola with $132,000 and Ouyen with $132,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Warracknabeal
</td>
<td valign="top" width="64">
3393
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$130,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Dimboola
</td>
<td valign="top" width="64">
3414
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$132,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Ouyen
</td>
<td valign="top" width="64">
3490
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$132,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Morwell
</td>
<td valign="top" width="64">
3840
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$133,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Moe
</td>
<td valign="top" width="64">
3840
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$142,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Nhill
</td>
<td valign="top" width="64">
3418
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$150,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Stawell
</td>
<td valign="top" width="64">
3380
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$165,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mooroopna
</td>
<td valign="top" width="64">
3629
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$167,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Mildura
</td>
<td valign="top" width="64">
3500
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$169,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mortlake
</td>
<td valign="top" width="64">
3272
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$169,000
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-121945482" target="_blank">22 Hewitt Street</a>, Warracknabeal (above) has been listed for $135,000.
Similarly, a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-125186974" target="_blank">130 Anderson Street</a>, Warracknabeal (below) was listed earlier this year for $129,000.
<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/2017/04/12/130%20Anderson%20Street.jpg" alt="">
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Warracknabeal the cheapest locality in Victoria for houses: Investar

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One Melbourne real estate agent is taking a defibrillator to auctions after one bidder had a heart attack while attempting to buy a Brighton East unit late last year.
Attendee Tom Friedman was bidding on a Binnie St property for a friend who had been “too anxious” to do so herself, according to reports on realestate.com.au, when he  collapsed.
Dane Costello, real estate agent and a local GP performed CPR on the 65-year-old before an ambulance arrived.
They performed CPR until an ambulance came and took Mr Friedman to hospital, where he remained in an induced coma for a week.
Agency director and auctioneer, Nick Johnstone, said his staff had all had CPR training since.
“We’ve also bought a defibrillator and will be taking it to all our auctions,” he said.
“Auctions are obviously a pretty stressful time for the buyers, sellers and agents.”
"I stopped the auction when Mr Friedman went into cardiac arrest and sold the house to another party later that night."
<div>
Mr Friedman’s friend bought another property through the agency soon after.
</div>
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Defibrillator to be taken to Brighton auctions after heart attack

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Hamilton is the most expensive locality in Brisbane to purchase a house, according to Investar’s latest report.
The property investment firm says that the median price for Hamilton houses is $1,797,500.
This is followed by Ascot with $1,795,000 and Fig Tree Pocket with $1,506,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="97">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="97">
Hamilton
</td>
<td valign="top" width="64">
4007
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,797,500
</td>
</tr>
<tr>
<td valign="top" width="97">
Ascot
</td>
<td valign="top" width="64">
4007
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,795,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Fig Tree Pocket
</td>
<td valign="top" width="64">
4069
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,506,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Indooroopilly
</td>
<td valign="top" width="64">
4068
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,425,000
</td>
</tr>
<tr>
<td valign="top" width="97">
New Farm
</td>
<td valign="top" width="64">
4005
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,395,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Bardon
</td>
<td valign="top" width="64">
4065
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,360,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Clayfield
</td>
<td valign="top" width="64">
4011
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Pullenvale
</td>
<td valign="top" width="64">
4069
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,200,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Paddington
</td>
<td valign="top" width="64">
4064
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,190,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Ashgrove
</td>
<td valign="top" width="64">
4060
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,190,000
</td>
</tr>
</tbody></table>
A five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-hamilton-125169226" target="_blank">12 Whyenbah Street</a>, Hamilton (above) has been listed for auction.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-qld-hamilton-125203158" target="_blank">2 Windermere Road</a>, Hamilton (below) has been listed for sale.
<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/2017/04/18/2%20Windermere%20Road.jpg" alt="">
</body></html>

Hamilton the most expensive Brisbane suburb: Investar

<html><body>
Collinsville is the cheapest Queensland locality to purchase a house, according to a recent Investar report.
The property investment firm says that a two bedroom house at Collinsville has a median price of $95,000.
This is followed by Dysart with $99,000 and Mount Morgan with $127,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="93">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="93">
Collinsville
</td>
<td valign="top" width="64">
4804
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$95,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Dysart
</td>
<td valign="top" width="64">
4745
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$99,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Mount Morgan
</td>
<td valign="top" width="64">
4714
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$127,500
</td>
</tr>
<tr>
<td valign="top" width="93">
Charleville
</td>
<td valign="top" width="64">
4470
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$135,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Wondai
</td>
<td valign="top" width="64">
4606
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$159,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-collinsville-121458062" target="_blank">17 Gralton Street</a>, Collinsville (above) sold last year for $55,000, at almost half the median.
</body></html>

Collinsville the cheapest Queensland locality to purchase a house: Investar

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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