<html><body>
A two level, mixed use commercial property in Oakleigh South has sold under the hammer for $641,000.
The property at 676 Warrigal Road includes approximately 187 square metres of building space and about 60 square metres of retail or office area.
Paul Rizzo of Ray White Commercial Oakleigh said the property had redevelopment potential and was sold to a local owner-occupier on behalf of a local investor.
“This rare standalone property with commercial 1 Zoning on a land area of approximately 259 square metres offers the opportunity to renovate, occupy, develop or invest,” he said.
“There were three main bidders and the successful purchaser happens to be local developer.”
</body></html>

j.ballantyne1990-6AQqhLzZaK

Oakleigh South retail property sold for $641,000

<html><body>
Paradise Point is the most expensive locality in Queensland to purchase a house, according to Investar’s latest report.
The property investment firm says that houses in Paradise Point has a median price of $2.55 million.
This is followed by Surfers Paradise with $2 million and Broadbeach Waters with $1,595,000.
<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">
Paradise Point
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,550,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Surfers Paradise
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,000,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Broadbeach Waters
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,595,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mermaid Beach
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,560,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Clear Island Waters
</td>
<td valign="top" width="64">
4226
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,490,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Sunshine Beach
</td>
<td valign="top" width="64">
4567
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,462,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Benowa
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,400,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Hope Island
</td>
<td valign="top" width="64">
4212
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,399,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bulimba
</td>
<td valign="top" width="64">
4171
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,362,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Runaway Bay
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,300,000
</td>
</tr>
</tbody></table>
 
</body></html>

Paradise Point the most expensive Queensland locality to purchase a house: Investar

<html><body>
Monark Property Partners have partnered with Kincaid Projects to launch a 35 apartment residential development in Melbourne's Ivanhoe titled Iva.
Ivanhoe in a joint venture with Kincaid Projects announcing the launch of Iva, a 35 apartment development with a gross valuation realisation of $32 million.
Michael Kark, executive director, Monark Property Partners said the Ivanhoe downsizers market is an untapped demographic for many developers.
“With strong infrastructure in the area including ample transport links, major hospitals, schools and shopping centres, the suburb is a downsizing dream for the over 60s market,” he said.
Iva will feature one, two, three and four bedroom apartments with an average floor size of 96 square metres and have high-end marble finishes, carpentry flooring and wine fridges.
Kincaid Projects have created the interiors in conjunction with notable Melbourne designer Wendy Bergam of Melbourne’s Bergam &amp; Co.
</body></html>

Apartment development slated for Melbourne's Ivanhoe

<html><body>
A freehold residential redevelopment site in Surfers Paradise is up for auction through Ray White Commercial GC South.
The site, approximately 405 sqm site at 17 Monte Carlo Avenue, is the last residential redevelopment site in Monte Carlo Ave.
Greg Watson from Ray White Commercial GC South said there is currently a shortage of sale stock and an increase in buyer interest on the Gold Coast ahead of the city hosting the 2018 Commonwealth Games.
“Residential vacant parcels such as the Monte Carlo Ave property are now very scarce in the area and buyers compete for these listings,” he said.
“The strongest market segment performers have been detached dwellings, prestige and vacant land."
The site is currently providing holding income from a fully tenanted three-bedroom duplex pair.
The property will be auctioned from 6pm (AEST) on Wednesday, June 7, 2017, in-rooms at the Currumbin RSL Club, 165 Duringan Street, Currumbin.
</body></html>

Surfers Paradise residential redevelopment site listed

<html><body>
On average, Melbourne apartments increased in price by $260 per square metre, or three percent over the past year, according to Secret Agent’s latest bulletin.
The buyer's agency said that one bedroom apartments have remained about the same in nominal terms (which means they have fallen in value in real terms) and are now the cheapest apartments at $8,650 per square metre.
All other apartments increased in price, with four bedroom apartments now averaging $11,450 per square metre.
"Not many of these properties get sold each quarter, so prices tend to fluctuate a bit," the report said. 
Three bedroom apartments increased by about $1,000 to $9,400 per square metre in the first three months of 2017.
Two bedroom apartments are also up slightly ($8,900 per square metre), while studios were more expensive than one and two bedroom apartments over the past three months ($9,200 per square metre).
East Melbourne was the most expensive area for apartments so far in 2017 ($11,850 per square metre), selling for more on average than Fitzroy ($11,600 per square metre) and Middle Park ($11,450 per square metre), which was at the top of the table over the first three months of 2016,” the bulletin advised.
Inner West suburbs, including Travancore, Kensington and Flemington continue to be the most affordable regions, with average apartments in these suburbs costing buyers between $6,000 and $7,800 per square metre.
Average prices per square metre of indoor space increased the most in the inner North, with the suburbs Brunswick, Fitzroy, Carlton North and North Melbourne all increasing by over 10 percent since Q1 2016.
The only suburbs analysed which saw average prices decrease were Fitzroy North (11 percent), Carlton (5.5 percent) and Brunswick East (3 percent).
“As the year continues and many more apartment projects are completed in inner Melbourne, we expect apartment prices to continue flatlining or even decreasing," the report said.
"However, larger apartments are still a rarity, as shown by our recent reports on supply and apartment standards.
"This makes it likely that three and four bedroom apartments will remain the most expensive both in terms of average prices and on a square metre basis."
</body></html>

Melbourne apartment prices increase 3 percent year on year: Secret Agent

<html><body>
Salisbury is the cheapest South Australia locality to purchase a unit, according to a recent Investar report.
The property investment says that a two bedroom unit in the northern Adelaide suburb has a median price of $150,000.
This is followed by Murray Bridge with $152,000 and Mount Gambier with $169,000.
<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">
Salisbury
</td>
<td valign="top" width="64">
5108
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$150,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Murray Bridge
</td>
<td valign="top" width="64">
5253
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$152,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Mount Gambier
</td>
<td valign="top" width="64">
5290
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$169,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Millicent
</td>
<td valign="top" width="64">
5280
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$199,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Port Lincoln
</td>
<td valign="top" width="64">
5606
</td>
<td valign="top" width="70">
2
</td>
<td valign="top" width="122">
$213,000
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-sa-salisbury-123500026" target="_blank">8/24 Ponton Street</a>, Salisbury (above) has been listed for $150,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-sa-salisbury-121717790" target="_blank">7/32 Salisbury Highway</a>, Salisbury (below) was sold March last year for $151,000.
<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/2017/04/12/7_32%20Salisbury%20Highway.jpg" alt="">
</body></html>

Salisbury the cheapest South Australia locality to purchase a unit: Investar

<html><body>
An award-winning, five bedroom house in Amaroo, Canberra has been sold at auction for $1.4 million, breaking the suburb price record.
The contemporary home at <a href="https://www.realestate.com.au/property-house-act-amaroo-125268322" target="_blank">76 Diamond Street</a> is positioned on a waterfront position in the exclusive pocket of Amaroo. 
The previous record for the area was set in 2014, when the same house sold for $1,155,000. Median house price for the area is $627,000.
Spread over 321 sqm, it offers water views stretching across an infinity pool to Yerrabi Pond, Brindabella Ranges and Black Mountain Tower. 
A foyer opens to reveal two levels of separately zoned living spaces, all featuring an extensive use of glass and high ceilings and with open-plan spaces.
The main level features a fully appointed kitchen and a home theatre equipped with a projector, screen and an in-built speaker system. There is a fifth bedroom or home office, bathroom, laundry, powder room and a large double garage.
The upper level accommodates four bedrooms, a rumpus area, and a master suite with a balcony, walk-in-robe, custom bar, deluxe ensuite, and a full bathroom.
Outdoors is surrounded by established gardens, and includes a covered alfresco dining, infinity pool and a pond. The pool area also contains an outside shower with hot and cold water.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-amaroo-124453354" target="_blank">12 Annan Close</a> (below) sold for $623,000 in May 2017.
<img src="https://www.urban.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%209.11.00%20AM.png" alt="">
A three bedroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-act-amaroo-124892070" target="_blank">5/128 Katherine Avenue</a> (below) sold for $525,000 in March 2017.
<img src="https://www.urban.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%209.12.14%20AM.png" alt="">
The property was offered through Maria Selleck Properties agent Maria Selleck.
</body></html>

Award-winning house breaks suburb price record in Amaroo

<html><body>
Roselands has the highest decline of unit stock in New South Wales, according to Investar’s latest report.
The property investment firm says that the number of Roseland units has plunged by 59 percent from 49 to just the 20 for sale.
This is followed by Nambucca Heads with 51 percent and West Ryde with 47 percent.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="104">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="83">
Current median price
</td>
<td valign="top" width="71">
Current sales stock
</td>
<td valign="top" width="71">
Sales stock 1 yr ago
</td>
<td valign="top" width="57">
Decline
</td>
</tr>
<tr>
<td valign="top" width="104">
Roselands
</td>
<td valign="top" width="64">
2196
</td>
<td valign="top" width="83">
$489,000
</td>
<td valign="top" width="71">
20
</td>
<td valign="top" width="71">
49
</td>
<td valign="top" width="57">
59%
</td>
</tr>
<tr>
<td valign="top" width="104">
Nambucca Heads
</td>
<td valign="top" width="64">
2448
</td>
<td valign="top" width="83">
$415,000
</td>
<td valign="top" width="71">
21
</td>
<td valign="top" width="71">
43
</td>
<td valign="top" width="57">
51%
</td>
</tr>
<tr>
<td valign="top" width="104">
West Ryde
</td>
<td valign="top" width="64">
2114
</td>
<td valign="top" width="83">
$625,000
</td>
<td valign="top" width="71">
18
</td>
<td valign="top" width="71">
34
</td>
<td valign="top" width="57">
47%
</td>
</tr>
<tr>
<td valign="top" width="104">
Batehaven
</td>
<td valign="top" width="64">
2536
</td>
<td valign="top" width="83">
$315,000
</td>
<td valign="top" width="71">
22
</td>
<td valign="top" width="71">
39
</td>
<td valign="top" width="57">
43%
</td>
</tr>
<tr>
<td valign="top" width="104">
Forster
</td>
<td valign="top" width="64">
2428
</td>
<td valign="top" width="83">
$380,000
</td>
<td valign="top" width="71">
59
</td>
<td valign="top" width="71">
102
</td>
<td valign="top" width="57">
42%
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-roselands-125037114" target="_blank">19/17-19 Phillip Street</a>, Roselands (above) has been listed for $515,000.
Similarly a  two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-roselands-124843090" target="_blank">Unit 6/818-826 Canterbury Road</a>, Roselands (below) has been listed for $450,000.
<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/2017/04/19/Unit%206_818-826%20Canterbury%20Road.jpg" alt="">
</body></html>

Roselands unit stock drop in volume by 59 percent: Investar

<html><body>
In Adelaide, 7.1 percent of houses and 10.5 percent of units resold over the December 2016 quarter transacted below their previous purchase price, according to CoreLogic's recent Pain and Gain report.
The property data firm says that the proportion of loss-making resales trended lower over the quarter for units.
<a href="https://www.propertyobserver.com.au/images/2017/04/21/Screen%20Shot%202017-04-21%20at%2010.24.28%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/2017/04/21/Screen%20Shot%202017-04-21%20at%2010.24.28%20am.jpg" alt="">
The council areas with the highest proportion of loss-making resales over the quarter were: Mallala (100 percent only 1 sale), Playford (18.3 percent) and Gawler (12.7 percent).
The Prospect and Walkerville council regions each had no resales at a loss over the quarter.
<a href="https://www.propertyobserver.com.au/images/2017/04/21/Screen%20Shot%202017-04-21%20at%2010.24.50%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/2017/04/21/Screen%20Shot%202017-04-21%20at%2010.24.50%20am.jpg" alt="">
</body></html>

Playford and Gawler lead Adelaide's loss-making suburbs: CoreLogic

<html><body>
A double-fronted High Street, Prahran retail property has sold for $2.83 million under the hammer.
The 278 square metre Commercial 1-zoned property with a building area of 200 square metres, was sold subject to a four plus five year lease to restauraunt The Seasonal Kitchen from February 2015.
The property comprises two shops and the final sale price reflected a 3 percent yield.
Fitzroys agents Chris Kombi and Michael Ryan said the auction featured competition between five bidders.
Ryan said the property’s development and subdivision potential was key to buyer interest.
“Prahran’s vibrancy and popularity as a lifestyle location has spurred an increase in the level of high and medium density housing, which has had a hugely beneficial impact on its retail and hospitality precinct,” he said.
</body></html>

Double-fronted High Street, Prahran site sells under the hammer

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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News