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A heritage-listed CSR Sugar Refinery Building, New Farm has been listed for sale in Brisbane. 
The two-story penthouse at <a href="https://www.raywhite.com/qld/new-farm/1636067/?lang=en#property-description-tab" target="_blank">2531/32 Refinery Parade</a> is situated 4km from the Brisbane CBD, offering views of the Story Bridge, local CBD and the Woolstores, as well as direct river walk access.
The 310 sqm apartment includes features such as a full-sized wine fridge, marble island bench, breakfast bar, custom cabinetry, and a range of stainless steel Miele appliances.
Owners Sarah and David Allen have lived in the apartment for the last four years and are looking to downsize after all three of their children left home.
Ray White Paddington agent Max Hadgelias indicated the owners were looking for interest around the $4 million mark.
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j.ballantyne1990-6AQqhLzZaK

Brisbane's CSR Sugar Refinery penthouse listed for sale

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Fleming’s Nurseries has joined forces with developer Goldfields on its Winterfield project, to deliver landscaping across the entire development.
The nursery and landscape business will provide a selection of front garden designs that are to be included in the purchase of an allotment at the master-planned development.
There are six designs purchasers can choose from – all designed by Fleming’s at the direction of horticulturalist Wes Fleming.
Fleming has led the landscape plan for Winterfield (pictured) which will see a focus on trees and plants across the new community. He is previously known for his work with nine winning gardens at the Chelsea Flower Show in London.
<img src="https://www.urban.com.au/images/2017/04/28/rsz_fleming.png" width="700" height="425">
“We hope to deliver outdoor spaces that enhance the beauty of Ballarat – rich in its flora and fauna and open green space,” Fleming said of the collaboration.
“Not only will purchasers receive a free front garden, they can also relish in the area’s natural surrounds and relaxed environment – something we worked hard to create and that will complement the Winterfield lifestyle.”
The development is also set to landscape 14 hectares of gardens and open green space, including the re-invigoration of the area’s existing creek to create multiple parks, wetlands and playgrounds.
Goldfields’ managing director, Marco Gattino, confirmed that Winterfield’s partnership with Fleming was centred on delivering a healthy lifestyle for all its residents.
“We wanted to make sure residents could enjoy their surroundings – both inside their home and when they are out in the community, which is why the landscaping has been a major focus from the outset,” Gattino explained.
“The five neighbourhoods within Winterfield will each have a distinguishing signature tree, such as the Golden Rain Tree and the Montpellier, adding to the aesthetic,” he said.
“Wes Fleming’s approach to Winterfield delivers something fresh to the market - it’s unlike any other development in Australia – it really does set a new benchmark for master-planned communities.”
Winterfield is currently selling blocks in Stage One with lot sizes ranging from 544sqm to 615sqm, and prices from $125,000.
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Horticulturalist Wes Fleming to landscape Winterfield development  

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Global contractor Multiplex has topped out M&amp;L Hospitality’s new boutique hotel at 65 Sussex Street in Sydney’s CBD.
Designed by architects Fitzpatrick + Partners with interiors by Wood Bagot, the hotel will feature a geometric façade and comprise 182 guest rooms including four generously-sized suites, a three storey high internal garden and courtyard, meeting space, restaurant and bar.
The construction of 65 Sussex Street has seen over 550 people and 85,000 hours worked on-site to date. Almost 3,000 cubic metres of concrete has been used to build the hotel’s structure, while 333 individual panels of glass will be used to form the geometric façade.
“The hotel is an important part of the revitalisation of the surrounding western corridor and is ideally located close to the Barangaroo and King Street Wharf lifestyle precincts,” commented David Ghannoum, regional managing director NSW at Multiplex.
“We are drawing on our expertise in hotel construction and working within the confined and busy CBD environment to deliver this new hotel,” he said.
With the structure complete, Multiplex will now commence the internal fit-out of the guest rooms with completion on track for the end of 2017.
“We are excited to reach this important milestone and look forward to launching our new boutique hotel later in 2017,” added Neil Maxwell, CEO of M&amp;L Hospitality.
In December, 2016 Multiplex completed the redevelopment of M&amp;L Hospitality’s 161 Sussex Street property at Darling Harbour with the hotel opening as Hyatt Regency, representing the hotel brand’s return to the Sydney market.
The 161 Sussex Street redevelopment project saw the refurbishment of the existing hotel, the construction of a new 3,667 square metre convention centre, and a 25-level tower including 13 new hotel levels and 10 levels of A-grade high rise commercial office space.
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Multiplex tops out new boutique hotel at 65 Sussex Street, Sydney

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Property valuation firm Herron Todd White's latest report says despite the residential property market in the Illawarra performing at strong levels of sustained growth, it is difficult to pin down exactly where the hottest market is.
“We know that there is currently strong demand throughout the Wollongong, Shellharbour, Kiama and Shoalhaven LGAs," HTW noted.
Auction clearance rates remain high and properties selling by private treaty are typically selling within a month.
"Sale periods of less than two weeks are common,” the report stated.
A three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-wollongong-125239158" target="_blank">10/78 Campbell Street</a>, Wollongong (above) has been listed with a price guide of between $820,000 to $860,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-wollongong-125035462" target="_blank">12/2 Edward Street</a>, Wollongong (below) has been listed for between $850,000 to $880,000.
<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/2017/04/20/12_2%20Edward%20Street.jpg" alt="">
The strong demand is being driven by a number of factors including low interest rates, the media and the flow on effect from Sydney, down to Wollongong, down to the Shoalhaven.
"As buyers miss out on purchasing properties they become more and more desperate and get to the point where they’ll pay whatever it takes to get a listing off the market to secure a property.
This occurs mostly amongst first and second home buyers, especially where they are competing with cashed up investors.
"A property type that appears to be getting a premium is a house in an established area that has nothing to spend on it, for example a relatively new build or a recent full renovation," the report stated.
The property presents really well and the buyer will not have to spend any extra money on it and is aimed at second home buyers.
First home buyers are usually happier to buy at a lower price point and are willing to complete renovations on older dwellings.
“It is hard to imagine that the strong price growth can be sustainable.
"History tells us that the property market is cyclical and strong growth is followed by flatter periods or prices going backwards.
"Unfortunately we do not have an accurate crystal ball so all we can do is speculate.
"Our opinion is that growth may slow towards the end of the year if interest rates rise.
"We don’t imagine that prices would go backwards unless there is a dramatic financial crisis,” the report stated.
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Strong demand throughout Wollongong, Shellharbour, Kiama and Shoalhaven LGAs: HTW

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More than 30 percent of potential first home buyers have said they may have to put their property plans on the back-burner if interest rates rise, new research has revealed.  
According to Mortgage Choice and Core Data’s Evolving Great Australian Dream whitepaper, 33.7 percent of prospective buyers said they would be “increasingly unlikely to buy a home” if rates started to climb.
For 33.4 percent of respondents, rate rises would not affect their property purchasing intentions, while the remaining 32.9 percent said they were unsure how rate adjustments may impact their property plans.
“The fact that a rate increase would encourage more than one in three first home buyers to put their property plans on the backburner concerns me,” Mortgage Choice chief executive officer John Flavell said.
“The fact is, rate rises are inevitable. In fact, over the past few weeks, the majority of lenders have increased the interest rates across their suite of home loan products.
"These rate increases have come outside of any rate adjustments by the Reserve Bank of Australia.
"According to our lenders, increased funding pressures have forced them to lift their rates.
"The reality is, even with the latest rate increases, mortgage interest rates are still sitting at historically low levels, which ensures the cost of borrowing is still incredibly affordable.”
Mr Flavell said it was important for first home buyers to do their research when applying for a home loan.
“When you are applying for a home loan, you should always dot your ‘i’s’ and cross your ‘t’s’ so you understand what you’re signing up for,” he said.
“It is important to check that you are not only able to service a mortgage at current interest rates, but at increased rates, which will be inevitable.
You should also consider your current and future personal circumstances, as this will impact your ability to repay the mortgage.
A qualified mortgage professional can walk you through your options and recommend the best product to suit your current and future needs.” 
Mr Flavell said brokers were highly regulated and worked hard to ensure customers were placed in a home loan that suited their unique goals and financial circumstances.
“At Mortgage Choice, we always factor in a financial buffer, as do our lender partners.
This financial buffer is usually several percentage points higher than a customers’ interest rate.
By doing this, we make sure all customers can not only comfortably afford their mortgage repayments now, but they can also afford their repayments if and when interest rates rise,” he said.
“Having a customer in a home loan they cannot afford doesn’t benefit anyone.
It’s for this reason why, at Mortgage Choice, we ensure every customer is put in the right financial product for their circumstances.”
Table 1: How will you be impacted when rates rise? 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="213">
With mortgage interest rates at record lows and property prices at record highs, how are you likely to be impacted when rates eventually and inevitably start climbing?
</td>
<td width="78">
National
</td>
</tr>
<tr>
<td valign="bottom" width="213">
I will be increasingly unlikely to buy a home
</td>
<td valign="bottom" width="78">
33.70%
</td>
</tr>
<tr>
<td valign="bottom" width="213">
It will not affect my intentions
</td>
<td valign="bottom" width="78">
33.40%
</td>
</tr>
<tr>
<td valign="bottom" width="213">
Unsure
</td>
<td valign="bottom" width="78">
32.90%
</td>
</tr>
</tbody></table>
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One in three FHBs unlikely to buy home if rates rise

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Fresh data has found that more than one in four first home buyers are prepared to compromise on space, in order to get a foothold into the Australian property market.
Mortgage Choice and Core Data’s Evolving Great Australian Dream whitepaper discovered 27.6 percent of first home buyers would be happy to buy a small dwelling in order to get into the market.
According to Mortgage Choice chief executive officer, John Flavell (pictured), the Great Australian Dream of homeownership is becoming increasingly difficult, with property prices climbing across many different markets, specifically Sydney and Melbourne.
“First home buyers understand that buying property is difficult and they may not be able to buy the exact home they want, or exactly where they want,” Flavell said.
“That said, first home buyers are, on the whole, very financially savvy and they see the benefit of getting their foot on the property ladder sooner rather than later. As such, they are prepared to use different home buying strategies to make their property purchase goals a reality.”
Another popular purchasing strategy amongst first home buyers was buying in the outer suburbs or further away, with 25% of respondents saying they would employ this tactic.
“Our data shows that one in four first home buyers are willing to buy in the outer suburbs or further away from where they would prefer to live. These properties are likely to be cheaper and more affordable, and while this may appear to be a trade-off, it will be worth it in the long run,” he said.
“Once you have built up adequate equity in your property, you can then upgrade and renovate or buy a bigger and better property.”
A third strategy that first home buyers were likely to use was seeking financial support from family, which could take the form of a monetary gift or having a parent go guarantor on a home loan.
“The challenge for first home buyers these days is saving a sufficient deposit. As such, it is no surprise to see a significant number of first home buyers stating that they would look for financial assistance from family in order to make their property goals a reality.”
Flavell added that it was important for first home buyers to remember that property was a long-term investment.
“It is undeniably tough for first home buyers to get onto the property market, but it is not impossible. At the end of the day, property is a long-term investment that will require buyers to take various steps before they can own their ideal home,” he said.
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First home buyers willing to compromise on space to buy 

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Citi says its sees property prices falling by as much as 7 percent as the housing boom unwinds by 2018.
Lending curbs will hit and household debt will be lowered, according to Citi, with the hardest hit potentially being apartments in inner-city Brisbane and Melbourne.
The forecast from Citi came in a 47-page analysis addressing tighter lending standards, higher lending rates, reduced foreign investment and increased supply relative to demand.
Sentiment towards real estate compared with lowering debt had "soured" even before the latest efforts by the Australian Prudential Regulation Authority to rein in lending to investors, according to the Citi analysts.
"APRA's tightening measures probably contributed to the April prices result, but Easter and school holidays may also have contributed to the slowdown," the Citi analysts wrote.
"Given the stretched house price valuations in Sydney and Melbourne some correction would seem likely as supply continues to catch up to demand.
"The largest price falls would be higher rise, inner city apartments in Brisbane and Melbourne given their greater potential for oversupply.
"Either way, we aren't expecting large enough price falls to trigger a downturn in the economy, but the downside risks have risen as house prices and household debt have continued to increase briskly."
The Citi modelling advised if APRA succeeds "ultimately we see some mild deleveraging, there could be a partial correction in house prices during the course of the next two years.
"This would be the case even if population growth remained strong."
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Inner Melbourne and Brisbane to be hardest hit as Citi sees property prices falling 7 percent

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Templestowe has the highest house quarterly median price growth in Victoria, according to the REIV.
In the March quarter Templestowe's housing price has grown by 17 percent.
This is followed by Mount Eliza with 15.5 percent and Cranbourne North with 14.90 percent.
<table dir="ltr" border="1" cellspacing="0" cellpadding="0">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Suburb"}'>Suburb</td>
<td data-sheets-value='{"1":2,"2":"Mar-17 Median"}'>Mar-17 Median</td>
<td data-sheets-value='{"1":2,"2":"Dec-16 Median"}'>Dec-16 Median</td>
<td data-sheets-value='{"1":2,"2":"Quarterly Change"}'>Quarterly Change</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TEMPLESTOWE"}'>TEMPLESTOWE</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1552000}'>$1,552,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1320000}'>$1,320,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.176}'>17.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MOUNT ELIZA"}'>MOUNT ELIZA</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1270444}'>$1,270,444</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1100000}'>$1,100,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.155}'>15.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CRANBOURNE NORTH"}'>CRANBOURNE NORTH</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":518000}'>$518,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":451000}'>$451,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.149}'>14.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KILSYTH"}'>KILSYTH</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":699950}'>$699,950</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":610000}'>$610,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.147}'>14.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MORNINGTON"}'>MORNINGTON</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":870000}'>$870,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":760000}'>$760,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.145}'>14.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BRUNSWICK"}'>BRUNSWICK</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1271000}'>$1,271,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1125000}'>$1,125,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.13}'>13.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BUNDOORA"}'>BUNDOORA</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":746625}'>$746,625</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":663000}'>$663,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.126}'>12.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"NORTHCOTE"}'>NORTHCOTE</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1462000}'>$1,462,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1300000}'>$1,300,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.125}'>12.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CRANBOURNE"}'>CRANBOURNE</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":487000}'>$487,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":434990}'>$434,990</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.12}'>12.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"CAMBERWELL"}'>CAMBERWELL</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":2295000}'>$2,295,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":2055000}'>$2,055,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.117}'>11.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BALWYN NORTH"}'>BALWYN NORTH</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1925000}'>$1,925,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1731000}'>$1,731,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.112}'>11.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PRESTON"}'>PRESTON</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1000000}'>$1,000,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":900000}'>$900,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.111}'>11.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KEW"}'>KEW</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":2165000}'>$2,165,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1950000}'>$1,950,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.11}'>11.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"HAMPTON PARK"}'>HAMPTON PARK</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":476500}'>$476,500</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":430000}'>$430,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.108}'>10.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"RICHMOND"}'>RICHMOND</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1482500}'>$1,482,500</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1340000}'>$1,340,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.106}'>10.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SUNBURY"}'>SUNBURY</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":455500}'>$455,500</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":412625}'>$412,625</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.104}'>10.40%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"PAKENHAM"}'>PAKENHAM</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":450000}'>$450,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":410000}'>$410,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.098}'>9.80%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BENTLEIGH EAST"}'>BENTLEIGH EAST</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1270000}'>$1,270,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":1165000}'>$1,165,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.09}'>9.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MOOROOLBARK"}'>MOOROOLBARK</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":697000}'>$697,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":640000}'>$640,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.089}'>8.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"ROSEBUD"}'>ROSEBUD</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":550000}'>$550,000</td>
<td data-sheets-numberformat='{"1":4,"2":"\"$\"#,##0","3":1}' data-sheets-value='{"1":3,"3":506000}'>$506,000</td>
<td data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-value='{"1":3,"3":0.087}'>8.70%</td>
</tr>
</tbody>
</table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-templestowe-125341554" target="_blank">12 Clays Court</a>, Templestowe (above) has been listed for between $1.6 million to $1.75 million.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-templestowe-125087666" target="_blank">44 Unwin Street</a>, Templestowe (below) has been listed for between $1.68 million to $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/2017/05/03/44%20Unwin%20Street.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-templestowe-124950934" target="_blank">254 Serpelis Road</a>, Templestowe (below) was sold recently in April for $1.505 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/2017/05/03/254%20Serpelis%20Road.jpg" alt="">
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-templestowe-124913290" target="_blank">26 Bali Hi Boulevard</a>, Templestowe (below) was sold recently in April for $1.51 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/2017/05/03/26%20Bali%20Hi%20Boulevard.jpg" alt="">
In January this year Property Observer reported <a href="/news/ringwood-caulfield-and-toorak-price-growth-lead-melbournes-median-house-to-750-000-plus-reiv">Melbourne</a>'s housing median rose to $750,000.
*Only suburbs with at least 30 sales in the relevant quarter are included
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Templestowe homes top REIV quarterly median price growth list

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A luxury resort style NT mansion at Bayview has been listed for over $1.3 million.
Located <a href="https://www.realestate.com.au/property-house-nt-bayview-124154990" target="_blank">19 Laidlaw Court</a>, the property spans over two levels with a central staircase.
Ground level features the grand master suite with ensuite bathroom and walk-in robe as well as a home office, or 5th bedroom, plus powder room and laundry.
A media room, informal living and dining room that opens up to the poolside verandah is also positioned on the ground level.
Kitchen features stainless steel appliances as well as wall oven, pantry and wrap around counters with plenty of storage spaces.
Upstairs a large living room is available along with storage cupboard and three bedrooms, each with their own built-in robe, tiles and A/C.
<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/2017/04/11/19%20Laidlaw%20Court-2.jpg" alt="">
Private Tuscan style balcony with city and sea views is also available for the front bedroom.
There is also a fully sized gazebo available next to the swimming pool.
Other features includes double lock up garage and internal laundry. Darwin’s CBD is only five minutes away from the property.
The property is offered through Territory Real Estate agents Gabby Sawyer and Teena Pescini.
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Luxury NT resort style Bayview mansion listed for over $1.3 million

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The May 31 Ray White commercial auction day will take on a regional theme with hotels from Wollongong, Maitland and Picton coming to market.
Blake Edwards from Ray White said the major regional markets are hot spots for hospitality investors seeking yield in growing economies.
"Last year we sold a hotel in Maitland to a very experienced Sydney hotel group for a record Hunter Region price of around $11 million and I think it caused the industry to re-evaluate where there might be better opportunities in the market place," he said.
"Particularly given the quality of the offerings we are showcasing at our May 31 auctions in the form of Maitland CBD's outstanding Belmore Hotel.
"The fact is that a similar quality hotel in Sydney would sell for considerably more than the market price for the Belmore Hotel, and investors are awake to the opportunity to place equity in an investment underpinned by commercial property and strong gaming revenues at more attractive returns," he said.
<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/2017/05/03/Belmore%20Aerial.jpg" alt="" style="font-size: 12.16px;">
Also being sold at the Ray White Auction Day is Wollongong's Unanderra Hotel, which is situated on a 3700 sqm land parcel.
Daniel Dragicevich of CBRE said the recent hotel renovation has attracted a new level of patronage to the offering.
"Hotels in close proximity to large, successful Registered Clubs often do very well; particularly in respect of gaming revenues,where the Unanderra Hotel has recently attributed some strategic capital to," he said.
Andrew Jolliffe, director, Ray White Asia Pacific said recent sales are strong evidence of market health.
"With our catalogue of recent on and off market sales over the past 12 months containing several category sale price records, it is not difficult to draw confidence from our strong transactional dealings," he said.
“We’re a business with international representation via a 1000 office network, hence our market receptors are able to provide us with real-time connectivity to the pulse and strength of various commercial property asset classes; and both recent and immediate future sales we are due to announce will underwrite our continued confidence in the sector."
Also being auctioned on 31 May 2017 are several high quality commercial properties, with Head of Ray White Commercial Jeff Moxham tipping the level of interest on the day to be very high.
"Auctions are at the very core of this company's DNA, and have been for over 100 years; accordingly our strategic auction process has seen outstanding results achieved for our valued client base," he said.
"When managed properly, there really is no substitute for this method of sale, and our recent results both in terms of prices enjoyed and clearance rates achieved, bears clear testimony to the high regard and level of confidence in which we hold our strategic auction process" Moxham commented.
Also being auctioned by Ray White's Blake Edwards on 31 May is the George IV Hotel in Sydney's satellite suburb of Picton.
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Regional hotels at Ray White's May auction day

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

Developer <a href="https://www.apartments.com.au/developers/drew-group">Drew Group</a> is wasting little time following the completion of Lagoon Main Beach, lodging plans for another high-rise apartment development less than two kilometres away at the northern end of Surfers Paradise.

Drew Group, led by local developer Jon Drew, is pitching for a 32-storey residential tower at 180–184 Ferny Avenue, replacing three low-rise buildings on a prominent 1,055 sqm corner site just 150 metres from the beach.

Drew called on architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA</a>&nbsp;to design the new slender tower, which will have 130 apartments. BDA drew on the inspiration of legendary architect Frank Lloyd Wright's philosophy of organic architecture, which seeks "a superior sense of use and a finer sense of comfort, expressed in organic simplicity."

"The design creates a seamless dialogue between built form, natural elements, and the iconic Surfers Paradise context," BDA wrote in the application recently submitted to the Gold Coast City Council.<img alt="First look: Drew Group eyes next Gold Coast tower after completing Lagoon Main Beach" data-entity-type="file" data-entity-uuid="5dcaa84d-67ba-4e22-b8f1-208ca5056b05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/surfers%20paradise%20da.png?VersionId=Ah9oBOlL0ofC5eboXSI.dEq9VRfEnFaT" />

BDA also drew inspiration from New York's iconic Flatiron Building, with softened curved corners responding to the geometry of the triangular site. While referencing the 1902 Manhattan landmark, the design reinterprets its distinctive form through a contemporary coastal lens.

Drew is targeting the Gold Coast's "missing middle" market, a segment that has arguably been underserved in recent years. The project is weighted towards owner-occupiers, with 104 two-bedroom apartments complemented by a further 26 one-bedroom residences.

Resident amenity will be centred on the level five podium, featuring a resident lounge, gym, yoga room, steam room, sauna, lap pool with a lagoon area, spa, cold plunge and magnesium plunge.&nbsp;

Additional resident facilities will occupy the rooftop, including work-from-home spaces, a meeting room, resident lounge with a full kitchen, bar and dining area, as well as a dedicated wellness zone with additional plunge pools, steam rooms and saunas.

<img alt="First look: Drew Group eyes next Gold Coast tower after completing Lagoon Main Beach" data-entity-type="file" data-entity-uuid="a1392ad9-620b-41f9-957d-b1fcec13613f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/surfers%20da%20podium.png?VersionId=9kDudIwvCaZFW6F8IyXGP6wQg0B_VS3E" />

The application follows the completion of Drew Group's Lagoon Main Beach, which only has around four apartments left to sell after a successful sales and marketing campaign.

Built by Hutchinson Builders, Lagoon comprises 248 apartments and was popular with local owner-occupiers and interstate buyers.

First look: Drew Group eyes next Gold Coast tower after completing Lagoon Main Beach

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.

Staff reporter

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