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The Coffs Harbour residential market is going through one of its strongest times, according to Herron Todd White’s recent report.
The property valuation firm says that demand for residential properties in Coffs Harbour is exceeding supply shortening selling periods and increasing values.
“The Coffs Coast is experiencing one of its strongest markets in recent times with demand exceeding supply in many areas which has resulted in shortened selling periods and substantial increases in values.
"Typically it is the affordable price point in the sub $550,000 market which has seen the strongest demand from both owner occupiers and investors, however market confidence has spread through all sectors of the market including rural residential which has seen a recent resurgence in demand,” the report stated.
Factors such as low cost of finance, population and limited stock is driving this growth in the area according to Herron Todd White.
“There are several factors driving the market including low cost of finance, increasing population due to lifestyle benefits for both retirees and families moving from southern regions, infrastructure upgrades in the form of the Pacific Highway, limited available stock for vacant land and diversity of housing product ranging from coastal to rural communities with good access to regional facilities provided at Coffs Harbour.
"To a lesser degree investors are being driven towards SMSF property investment and with the ALP pushing for restrictions on negative gearing, this may be driving investors to enter the market prior to possible changes to tax benefits.
"A major factor in the cooling of the market will be rising interest rates which will dampen long term consumer confidence, however continued population growth should see demand remain strong against the current limited supply.
"Wage growth is also an issue.
"With the exception of the public sector, wage growth and employment are not rising at the same rate as property prices.
"This will affect the affordability of property within regional localities which has traditionally been a major factor in deciding to relocate to regional New South Wales,” the report advised.
A two bedroom villa at <a href="https://www.realestate.com.au/property-villa-nsw-coffs+harbour-125308906" target="_blank">2/12 Pitt Street</a>, Coffs Harbour (above) has been listed for $332,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-moonee+beach-125217646" target="_blank">10A Moonee Creek Drive</a>, Moonee Beach (below) has been listed for $515,000.
<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/2017/05/16/10A%20Moonee%20Creek%20Drive.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-coffs+harbour-125325914" target="_blank">29 Masonary Road</a>, Coffs Harbour (below) was recently sold for $340,000.
<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/2017/05/16/29%20Masonary%20Road.jpg" alt="">
Similarly a two bedroom villa at <a href="https://www.realestate.com.au/sold/property-villa-nsw-sawtell-125256346" target="_blank">2/49 Eighteenth Avenue</a>, Sawtell (below) was recently sold for $365,000.
<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/2017/05/16/2_49%20Eighteenth%20Avenue.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Coffs Harbour residential market the strongest in recent times: HTW

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An apartment in the Stamford Marque building, within the heart of Sydney’s city centre, has been listed for sale.
The modern harbourside residence at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-124954898" target="_blank">161 Kent Street</a> features secure basement parking, indoor swimming pool, conference room and fully equipped gymnasium.
Lifestyle Property selling agent Rohan Alexander is seeking $3.4 million to $3.6 million.
Finished in lavish and chic decor, the 200sqm sub-penthouse occupies half a floor with a large balcony showcasing uninterrupted views of the Harbour Bridge and Darling Harbour.
An open plan living area flows the galley style kitchen, which offers granite worktops, induction cooking, integrated fridge, dual dishwashers &amp; high quality Miele appliances.
The master bedroom has an impressive ensuite, dual basins and a large walk-in robe.
Its two bathrooms have been fitted with marble and granite.
There is an additional guest bathroom plus powder room. The guest bedroom has generous built-ins and there is a study or small third room.
Downstairs there is secure parking for one car plus a cellar or storage room.
A two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-sydney-125138310" target="_blank">1903/127 Kent Street</a> was recently sold for $4.39 million.
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Lavish sub-penthouse listed for sale in Sydney's Kent Street 

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A Victorian-era Stanmore, NSW house has been listed with $2.75 million hopes.
Located at <a href="https://www.realestate.com.au/property-house-nsw-stanmore-125463678" target="_blank">223 Trafalgar Street</a>, the 607 square metre property is one of Stanmore's landmark properties.
It has been owned by Dr Trevor Mount and his wife Mary since 2005.
Offering a multilevel layout that features many formal and casual areas, the property includes traditional verandahs.
<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/2017/05/22/223%20Trafalgar%20Street-2.jpg" alt="">
A separate rear wing is available with additional bedrooms, workrooms and a study.
The property has also been zoned for various business opportunities (STCA).
It also includes off street parking for multiple cars.
The auction is on June 10 through Belle Property agents Michael Field and Robert Clarke.
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Landmark Victorian house in Stanmore listed for $2.75 million

<html><body>
Quest Macquarie Park donated $5,000 to Muscular Dystrophy NSW (MDNSW), a not-for-profit organisation providing services to people living with a neuromuscular condition, as well as their families and carers throughout NSW.
The services they provide are catered to each individual's needs and it works towards enabling them to live a fulfilling life.
Quest Macquarie Park franchisee Shane Anderson was honored to present the donation to MDNSW.
"I am very proud to be able to contribute to an organisation that supports people who are effected by Muscular Dystrophy," he said.
"It’s inspiring to see the work that MDNSW does, addressing social, educational, medical and financial needs of those effected by neuromuscular conditions.
"Keeping such a great charity in operation is of great importance to the entire community – I hope that I can motivate others to join me in ensuring its good work can continue.
"We want to continue to support the local community just as it continues to support Quest Macquarie Park.
"What better way to do so than to donate to a charity that operates in our very own community?"
Muscular Dystrophy NSW general manager Charlotte Sangster expressed her gratitude to Quest Macquarie Park for its donation and commitment to ongoing support.
"Our vision at Muscular Dystrophy NSW is to improve the quality of life for all people living with this devastating condition," she said.
"Quest Macquarie Park’s generous donation will significantly contribute towards making this vision a reality through funding wonderful programs such as children’s camps, adult retreats, sport and recreation programs and essential equipment."
<a href="https://www.questmacquariepark.com.au" target="_blank">Quest Macquarie Park</a> opened its doors in December 2016, boasting 111 Studio, One, Two and Three Bedroom Apartments, over six levels.
Located at 71 Epping Road the new hotel also includes on-site parking, a conference room, BBQ area and gym.
For information or donations to MDNSW please go to <a href="https://www.mdnsw.org.au" target="_blank">www.mdnsw.org.au</a>.
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Quest Macquarie Park donates $5,000 to Muscular Dystrophy NSW

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Burradoo had the greatest decline in housing sale stock in New South Wales, according to a recent Investar report.
The property investment firm says that the number of houses in Burradoo for sale has declined by 65% from 67 to around 23.
This is followed by Middleton Grange and Stanhope Gardens with a 60% drop in offerings and Chipping Norton with 53%.
<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="100">
Current median price
</td>
<td valign="top" width="70">
Current sales stock
</td>
<td valign="top" width="70">
Sales stock 1 yr ago
</td>
<td valign="top" width="57">
Decline
</td>
</tr>
<tr>
<td valign="top" width="104">
Burradoo
</td>
<td valign="top" width="64">
2576
</td>
<td valign="top" width="100">
$1,495,000
</td>
<td valign="top" width="70">
23
</td>
<td valign="top" width="70">
67
</td>
<td valign="top" width="57">
65%
</td>
</tr>
<tr>
<td valign="top" width="104">
Middleton Grange
</td>
<td valign="top" width="64">
2171
</td>
<td valign="top" width="100">
$800,000
</td>
<td valign="top" width="70">
46
</td>
<td valign="top" width="70">
115
</td>
<td valign="top" width="57">
60%
</td>
</tr>
<tr>
<td valign="top" width="104">
Stanhope Gardens
</td>
<td valign="top" width="64">
2768
</td>
<td valign="top" width="100">
$850,000
</td>
<td valign="top" width="70">
22
</td>
<td valign="top" width="70">
55
</td>
<td valign="top" width="57">
60%
</td>
</tr>
<tr>
<td valign="top" width="104">
Chipping Norton
</td>
<td valign="top" width="64">
2170
</td>
<td valign="top" width="100">
$880,000
</td>
<td valign="top" width="70">
18
</td>
<td valign="top" width="70">
39
</td>
<td valign="top" width="57">
53%
</td>
</tr>
<tr>
<td valign="top" width="104">
Branxton
</td>
<td valign="top" width="64">
2335
</td>
<td valign="top" width="100">
$453,500
</td>
<td valign="top" width="70">
34
</td>
<td valign="top" width="70">
71
</td>
<td valign="top" width="57">
52%
</td>
</tr>
<tr>
<td valign="top" width="104">
Kellyville Ridge
</td>
<td valign="top" width="64">
2155
</td>
<td valign="top" width="100">
$947,500
</td>
<td valign="top" width="70">
25
</td>
<td valign="top" width="70">
52
</td>
<td valign="top" width="57">
51%
</td>
</tr>
<tr>
<td valign="top" width="104">
Wilton
</td>
<td valign="top" width="64">
2571
</td>
<td valign="top" width="100">
$705,000
</td>
<td valign="top" width="70">
18
</td>
<td valign="top" width="70">
37
</td>
<td valign="top" width="57">
51%
</td>
</tr>
<tr>
<td valign="top" width="104">
West Pennant Hills
</td>
<td valign="top" width="64">
2125
</td>
<td valign="top" width="100">
$1,650,000
</td>
<td valign="top" width="70">
32
</td>
<td valign="top" width="70">
65
</td>
<td valign="top" width="57">
50%
</td>
</tr>
<tr>
<td valign="top" width="104">
Hawks Nest
</td>
<td valign="top" width="64">
2324
</td>
<td valign="top" width="100">
$479,000
</td>
<td valign="top" width="70">
28
</td>
<td valign="top" width="70">
56
</td>
<td valign="top" width="57">
50%
</td>
</tr>
<tr>
<td valign="top" width="104">
Laurieton
</td>
<td valign="top" width="64">
2443
</td>
<td valign="top" width="100">
$442,500
</td>
<td valign="top" width="70">
24
</td>
<td valign="top" width="70">
47
</td>
<td valign="top" width="57">
48%
</td>
</tr>
</tbody></table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-burradoo-125193870" target="_blank">30 Hurlingham Avenue</a>, Burradoo (above) has been listed with a price guide of between $1,495,000 to $1,644,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-burradoo-124498070" target="_blank">64b Sunninghill Avenue</a>, Burradoo (below) was sold earlier this year for $1.25 million.
<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/2017/04/19/64b%20Sunninghill%20Avenue.jpg" alt="">
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Burradoo house listings declines by 65%: Investar

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Small Sandy Bay abodes have the highest unit median price growth in Hobart, according to Investar’s latest report.
The property investment firm says that in the past year Sandy Bay’s studio/one bedder unit median price rose by 24 percent from $215,000 to $267,500.
This is followed by New Town with 16 percent from $240,000 to $280,000 and Hobart with 15% from $400,000 to $460,000.
<table border="1"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Bedrooms</td>
<td>Current median price</td>
<td>Median price 1 year ago</td>
<td>Median growth in 1 year</td>
</tr>
<tr>
<td>Sandy Bay</td>
<td>7005</td>
<td>Studio and 1</td>
<td>$267,500</td>
<td>$215,000</td>
<td>24%</td>
</tr>
<tr>
<td>New Town</td>
<td>7008</td>
<td>2</td>
<td>$280,000</td>
<td>$240,000</td>
<td>16%</td>
</tr>
<tr>
<td>Hobart</td>
<td>7000</td>
<td>2</td>
<td>$460,000</td>
<td>$400,000</td>
<td>15%</td>
</tr>
</tbody></table>
 
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-tas-new+town-124716602" target="_blank">4/3 Lissadell Court</a>, New Town (above) has been listed for $239,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-new+town-125035754" target="_blank">5/5 Augusta Road</a>, New Town (below) has been listed for over $285,000
<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/2017/04/27/5_5%20Augusta%20Road.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-tas-new+town-124393566" target="_blank">8/3 Lissadell Court</a>, New Town (below) was sold in March this year for $255,000.
<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/2017/04/27/8_3%20Lissadell%20Court.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-new+town-124416926" target="_blank">1/4 Hildern Street</a>, New Town (below) was sold in February this year 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/2017/04/27/1_4%20Hildern%20Street.jpg" alt="">
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New Town ranks second behind Sandy Bay for unit price growth: Investar

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Bowden has the highest year on year unit median price growth in Adelaide, according to Investar’s latest report.
The property investment firm says that Bowden’s median price for units increased by 24 percent in the last year.
This is followed by Fulham Gardens with 19 percent and Adelaide with 17 percent.
<table style="width: 461px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="96">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="98">
Current median price
</td>
<td valign="top" width="83">
Median price 1 year ago
</td>
<td valign="top" width="71">
Growth in 1 year
</td>
</tr>
<tr>
<td valign="top" width="96">
Bowden
</td>
<td valign="top" width="54">
5007
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$435,000
</td>
<td valign="top" width="83">
$349,000
</td>
<td valign="top" width="71">
24%
</td>
</tr>
<tr>
<td valign="top" width="96">
Fulham Gardens
</td>
<td valign="top" width="54">
5024
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$310,000
</td>
<td valign="top" width="83">
$259,000
</td>
<td valign="top" width="71">
19%
</td>
</tr>
<tr>
<td valign="top" width="96">
Adelaide
</td>
<td valign="top" width="54">
5000
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
$699,000
</td>
<td valign="top" width="83">
$597,000
</td>
<td valign="top" width="71">
17%
</td>
</tr>
<tr>
<td valign="top" width="96">
Norwood
</td>
<td valign="top" width="54">
5067
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$420,000
</td>
<td valign="top" width="83">
$360,000
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="96">
Collinswood
</td>
<td valign="top" width="54">
5081
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
$317,500
</td>
<td valign="top" width="83">
$275,000
</td>
<td valign="top" width="71">
15%
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-bowden-124812538?listingType=buy" target="_blank">4.03/0 Fourth Street</a>, Bowden (above) has been listed for $433,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-bowden-124586414" target="_blank">Level 3 U4/56 Seventh Street</a>, Bowden (below) has been listed.
<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/2017/04/27/U4_56%20Seventh%20Street.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-sa-bowden-124063674" target="_blank">208/47 Fifth Street</a>, Bowden (below) was sold in February this year for $396,600.
<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/2017/04/27/208_47%20Fifth%20Street.jpg" alt="">
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Bowden scores highest unit median price growth in Adelaide: Investar

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Terrigal recorded the highest housing median price decline over the past five years in New South Wales, according to Investar’s latest report.
The property investment firm says that over this time period, the median price in Terrigal has declined by 47 percent.
This is followed by nearby beach location, Avoca Beach with 37 percent and then Aberdeen with 21 percent.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="84">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="63">
Bedrooms
</td>
<td valign="top" width="113">
Current median price
</td>
<td valign="top" width="87">
5 year decline
</td>
</tr>
<tr>
<td valign="top" width="84">
Terrigal
</td>
<td valign="top" width="64">
2260
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$215,000
</td>
<td valign="top" width="87">
47%
</td>
</tr>
<tr>
<td valign="top" width="84">
Avoca Beach
</td>
<td valign="top" width="64">
2251
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$299,000
</td>
<td valign="top" width="87">
37%
</td>
</tr>
<tr>
<td valign="top" width="84">
Aberdeen
</td>
<td valign="top" width="64">
2336
</td>
<td valign="top" width="63">
3
</td>
<td valign="top" width="113">
$235,000
</td>
<td valign="top" width="87">
21%
</td>
</tr>
<tr>
<td valign="top" width="84">
Singleton
</td>
<td valign="top" width="64">
2330
</td>
<td valign="top" width="63">
5
</td>
<td valign="top" width="113">
$520,000
</td>
<td valign="top" width="87">
20%
</td>
</tr>
<tr>
<td valign="top" width="84">
Queanbeyan
</td>
<td valign="top" width="64">
2620
</td>
<td valign="top" width="63">
2
</td>
<td valign="top" width="113">
$309,000
</td>
<td valign="top" width="87">
15%
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-terrigal-123972286" target="_blank">21/2-10 Duffys Road</a>, Terrigal (above) has been listed for sale.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-terrigal-125335058" target="_blank">64/474 Terrigal Drive</a>, Terrigal (below) has been listed for between $180,000 to $190,000.
<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/2017/04/28/64_474%20Terrigal%20Drive.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-terrigal-124596542" target="_blank">Site 9/474 Terrigal Drive</a>, Terrigal (below) was sold in February this year for $142,500.
<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/2017/04/28/Site%209_474%20Terrigal%20Drive.jpg" alt="">
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-terrigal-123869034" target="_blank">46/2-10 Duffys Road</a>, Terrigal (below) was sold in February this year for $130,000.
<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/2017/04/28/46_2-10%20Duffys%20Road.jpg" alt="">
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Terrigal records NSW's worst five year median price decline: Investar

<html><body>
2016 was a bumper year for the retail investment market on the Gold Coast and early indicators suggest that 2017 should hold its form as well, according to Herron Todd White’s recent report.
The property valuation firm says that retail is currently the strongest of the commercial asset classes on the Gold Coast, following the national trend of being a highly sought after investment for private individuals, SMSFs and syndicates.
However this high demand and reluctance of owners to sell is resulting in a very limited availability of stock and a reduced volume of sales.
"The result is that the yield gap between primary and secondary properties is narrowing," the report stated.
Some notable sales in 2016 include:
• Reedy Creek Shopping Centre, anchored by Woolworths, 5.8 percent;
• Moo Moos Steakhouse, a strata retail restaurant at Broadbeach, 6.2 percent;
• 7/11 and McDonalds at Palm Beach, 6 percent; and
• Norfolk Village Shopping Centre (no anchor tenant), 6.9 percent.
This demonstrates that an array of different property types including strata, freehold, national and local (albeit well established) operators are all achieving prices within 110 basis points of each other.
“In terms of looking at the year ahead, we often reference the Ray White January 2017 auction event which is one of the largest commercial auctions of the year.
Nine of the 23 properties sold on or before the auction, with active bidding on all but three of the properties.
All in all, a good indicator that market sentiment remains strong,” the report stated.
But with such a strong head of steam, it is important for investors to critically analyse what they are looking for in an investment, be it capital growth, a steady income stream or the opportunity to value add.
"With yield levels and interest rates at historic lows, further yield compression would appear unlikely.
In fact as the gap between primary and secondary property narrows, the risk of a correction increases for the latter.
A steady income stream is clearly an outcome any investor would be trying to achieve," the report advised.
But the reality is that consumer sentiment can be volatile and property owners are still prone to tenant businesses having periods of good and bad trading.
Securing a property with national tenants will be the best way to decrease this volatility, but it will come at a price.
"As we move into 2017 it will be important for investors to differentiate properties with a higher number of local businesses; this higher risk profile should command a higher investment return.
Value adding is an investment strategy reserved for the more entrepreneurial property owners out there.
The opportunities do not come up often and when they do are commonly disguised as a pretty average investment.
The benefits can be twofold if embarking on such a project - the prospect of increasing rental potential whilst attracting a firmer investment yield on completion to compound capital growth.
Patience and a level head will be keys to success in 2017," the report suggested.
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Resurgence in Gold Coast retail market after bumper 2016: HTW

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Investment in new developments, amenity and infrastructure have bolstered rents in North Sydney despite vacancy increasing marginally, according to Colliers International’s latest Metro Office report.
B Grade net face rents increased an impressive 17.8 percent in the year to March 2017, the highest in Colliers Edge records (since 2005).
"A five per cent reduction in incentives, falling to 20 percent, further drove a significant uplift in net effective rents, increasing 29.6 percent over the last 12 months,” the report stated.
A Grade office property rents continue to remain stable Colliers says.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" alt="">
“Meanwhile, A Grade net face rents remained stable, with the primary driver of an 11.3 percent increase in net effective rents being a 5 percentage point reduction in incentives over the last 12 months to 23 percent.
"Positive net effective rental growth is projected to continue as office supply remains constrained due to hotel and residential conversions, coupled with the Sydney Metro line office acquisitions.
"Approx. 10,000sqm has already been withdrawn with a further 3,000sqm this year to be replaced with the rail line, and a potential 22,000sqm withdrawn for hotel and residential projects by 2019,” the report advised.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" alt="">
Colliers also says that furthermore, tenants from Milsons Point, McMahons Point and St Leonards have also been displaced due to a number of residential conversions.
“This has further benefitted the North Sydney office market, resulting in an uplift in tenant demand and competition for office space.
"In addition to infrastructure developments, the improvement in amenity is also expected to underpin North Sydney’s strong rental growth moving forward, as it offers a good value proposition to displaced tenants from the CBD due to a large number of withdrawals.
"The upgrade of Brett Whitely Place, a new dining precinct located in Greenwood Plaza at 101 Miller, as well as Woolworths opening in 100 Miller Street are expected to assist in solidifying North Sydney as an extension of the CBD,” the report commented.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" alt="">
Total market vacancy increased marginally from seven per cent to 7.1 percent according to the PCA Colliers says.
“A and B Grade vacancy increased but were offset by a substantial reduction within premium stock, from 41.2 percent to 25.2 percent vacancy.
"Looking forward, total market vacancy is projected to fall over the next 12 months to 6.5 per cent due to the aforementioned conversion and infrastructure projects along Miller, Walker, Denison, Arthur and Mount Streets, assuming these displaced tenants will relocate within North Sydney,” the report stated.
The next two years will see the CBD office market tightening according to Colliers.
“Over the next two years, the Sydney CBD market will tighten further driving positive rental growth in that market, and as a result more tenants will consider North Sydney as a relatively affordable alternative.
"North Sydney experienced strong net absorption (27,068sqm) for the six months to January 2017 as tenants relocated from outside market boundaries.
"According to the PCA 19,000sqm of net tenant demand was attributed to tenants relocating from other markets to the recently completed 177 Pacific Highway.
"Jacobs relocated from St Leonards, Leighton Holdings consolidated from 11 buildings across Sydney and Vodafone consolidated from their existing North Sydney &amp; Chatswood offices.
"Goodman Fielder also relocated and expanded their footprint within North Sydney from Macquarie Park to secure 3,700sqm in 40 Mount Street.
"In addition, Channel 9 has officially announced its move to North Sydney from Willoughby, occupying Winten Group’s 1 Denison (60,000sqm) scheduled for completion in early 2020, further proving the returned strength of North Sydney’s office market.
"As a general theme to suburban markets, what will be Channel 9’s old building in Willoughby was sold to Hong Kong-based property investors Euro Property with the intention of developing apartments,” the report commented.
A 68 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502383166">Suite 4, 172 Pacific Highway</a>, North Sydney (above) has been listed for over $675,000.
Similarly a 140 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502184706">12 Ridge Street</a>, North Sydney (below) has been listed for $2.5 million.
<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/2017/05/02/12%20Ridge%20Street.jpg" alt="">
A 125 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502361178" target="_blank">Suite 102, 161 Walker Street</a>, North Sydney (below) was sold in April this year for $740,000.
<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/2017/05/02/Suite%20102%20161%20Walker%20Street.jpg" alt="">
Similarly a 309 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502197646" target="_blank">L1, 73 Walker Street</a>, North Sydney (below) was sold in March this year for $1.75 million.
<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/2017/05/02/L1%2073%20Walker%20Street.jpg" alt="">
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North Sydney office rents bolstered by investments in the market: Colliers

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]

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