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Kyabram units take the longest time in Victoria to sell, according to Investar’s latest report.
The property investment firm says that Kyabram units take 673 days to sell.
This is followed by Portland with 643 and Hamilton with 621.
<table style="width: 437px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="85">
Suburb
</td>
<td valign="top" width="85">
Postcode
</td>
<td valign="top" width="85">
Bedrooms
</td>
<td valign="top" width="96">
Days on market
</td>
<td valign="top" width="85">
Median price
</td>
</tr>
<tr>
<td valign="top" width="85">
Kyabram
</td>
<td valign="top" width="85">
3620
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
673
</td>
<td valign="top" width="85">
$187,000
</td>
</tr>
<tr>
<td valign="top" width="85">
Portland
</td>
<td valign="top" width="85">
3305
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
643
</td>
<td valign="top" width="85">
$165,000
</td>
</tr>
<tr>
<td valign="top" width="85">
Hamilton
</td>
<td valign="top" width="85">
3300
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
621
</td>
<td valign="top" width="85">
$180,000
</td>
</tr>
<tr>
<td valign="top" width="85">
Bairnsdale
</td>
<td valign="top" width="85">
3875
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="96">
616
</td>
<td valign="top" width="85">
$205,000
</td>
</tr>
<tr>
<td valign="top" width="85">
Kilmore
</td>
<td valign="top" width="85">
3764
</td>
<td valign="top" width="85">
3
</td>
<td valign="top" width="96">
559
</td>
<td valign="top" width="85">
$275,000
</td>
</tr>
<tr>
<td valign="top" width="85">
Springvale
</td>
<td valign="top" width="85">
3171
</td>
<td valign="top" width="85">
Studio and 1
</td>
<td valign="top" width="96">
547
</td>
<td valign="top" width="85">
$270,000
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-kyabram-124477898" target="_blank">5/8 Beech Street</a>, Kyabram (above) has been listed for $156,500, having last traded for $125,000 in 2004.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-kyabram-115263323" target="_blank">2/27 Julia Street</a>, Kyabram (below) has been listed for $158,000. It last sold for $123,000 in 2006.
<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/2017/02/24/2_27%20Julia%20Street.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-kyabram-122786810" target="_blank">1/10 Munro Crescent</a>, Kyabram (below) was sold for $192,500 having last traded for $154,000 in 2006.
<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/2017/02/24/1_10%20Munro%20Crescent.jpg" alt="">
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-kyabram-121753938" target="_blank">5/12 McCormick Road</a>, Kyabram (below) was sold for $150,000. It last traded for $138,000 in 2013.
<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/2017/02/24/5_12%20McCormick%20Road.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Kyabram has Victoria's slowest selling units: Investar

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Hobart has the cheapest median price for units of the capital cities around Australia, according to CoreLogic’s latest report.
The property data firm says that the average median price for a unit in Hobart is $290,000.
It also has the cheapest median price for houses with a house averaging at $367,500.
<a href="https://www.propertyobserver.com.au/images/2017/02/27/Screen%20Shot%202017-02-27%20at%2012.39.57%20pm.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/2017/02/27/Screen%20Shot%202017-02-27%20at%2012.39.57%20pm.jpg" alt="">
<div>
Sydney remains the most expensive place to purchase a property with houses costing $850,000 on average.
</div>
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Hobart the cheapest to purchase a property: CoreLogic

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The major refurbishment of several office buildings in the Canberra CBD over the past couple of years has attracted several high calibre tenants to the area, and another building is hoping to benefit from the trend.
The refurbishment of 17 Moore Street, owned by CorVal, will be completed in the coming months.
Benn Vicic, senior asset manager at CorVal said they worked closely with architects Peckvonhartel on the building’s core design upgrades to improve tenant amenity.
The program includes refurbishment of the façade and entrance point, as well as upgrades to upper floor lift lobbies and bathrooms.
Tenancy area upgrades include new carpet, ceilings and LED lighting, which will significantly reduce tenancy occupancy costs, Vicic said.
“We believe property owners have an obligation to limit the environmental impact of their investments and this fundamental belief has driven the sustainability upgrades at 17 Moore Street,” he said.
“In 2016, we started works on a BMS tuning and retro commission program, culminating in an extensive 211 panel, 56 kilowatt solar photovoltaic system which resulted in the building achieving a 5-star NABERS Energy rating.
“Once fully leased, the systems have the capacity to achieve 5.5-stars, which if achieved will make 17 Moore Street the first pre-existing building in Canberra to reach this level.”
<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/2017/02/23/160728%20-%2017%20Moore%20-%20V02%20-%20Lobby%20-%20Final%202000.jpg" alt="">
Located on the corner of Barry Drive and Moore Street in Civic, 17 Moore Street has 5,750 square metres of office space available to lease across six levels with 65 secure basement car spaces.
The floor plates of approximately 1,000 square metres is suitable for a variety of fitout designs and working environments.
Colliers International and Raine and Horne Commercial are the appointed leasing agents.
Michael Ceacis, director of office leasing at Colliers International, said:
“17 Moore Street is the only refurbished office building in Canberra CBD that has achieved a 5-star NABERS Energy rating.
“We know that many tenants seeking office accommodation in the City are looking for modern and energy efficient space, and with the refurbishment works at 17 Moore Street nearing completion, it will be an attractive option for all tenant types.
“This landmark structure will embody modern design and the latest environmental technology, resulting in the highest standards of workplace collaboration and energy efficiency.”
Nick Cotis, director of operations at Raine &amp; Horne Commercial said all works at 17 Moore Street were anticipated to be completed in May.
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Canberra's 17 Moore Street sets sights on top tenants with eco-friendly makeover

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A tenanted industrial investment in the heart of a well-established industrial precinct at Southport on the Gold Coast has been sold at auction for $1.31 million.
The freehold industrial complex with seven tenancies at 55 Bailey Crescent, Southport, was sold under the hammer to a private investor by Steven King of Ray White Commercial Gold Coast on behalf of a private owner for a yield of 6.8%.
King said six of the seven tenancies are occupied and the complex is currently generating gross rental income of approximately $90,000 per annum.
“The marketing campaign for this property attracted 36 enquiries and there were four registered bidders at the in-room auction,” he said.
“After some spirited bidding, this strategic industrial investment with development potential sold under the hammer.
“This property provides potential for income upside and is an investment with a diversified holding income stream.”
King said the complex offers a combined net lettable area of up to 2,668 square metres on a site zoned ‘low impact industry’.
“The industrial complex is situated with ample frontage to Bailey Crescent, which leads directly onto Southport Nerang Road enabling travel east-west from Southport, or north-south along Wardoo Street towards Smith Street and the M1,” he said.
“The property is a significant parcel of land within the very tightly held Bailey Crescent industrial area.”
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Southport industrial investment sold for $1.31 million

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A Melbourne based developer has paid $3 million for a Moonee Ponds site with a permit for a mixed use development.
The 841 square metre site at 21-23 Norwood Crescent property is zoned Activity Centre Zone1 and was sold at a land rate of $3567 a square metre. The private sale was brokered by Savills' Jesse Radisich and Julian Heatherich.
Radisich said the property has a permit for 19 apartments and ground floor commercial space and had attracted strong interest from developers. 
"The property generated considerable interest with more than 65 individual enquiries from a wide range of local and off-shore developers, and that reflected the strength of not only the Moonee Ponds market, but the northern suburbs in general,” 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/2017/02/28/21-23%20Norwood%20Cres%20markup.jpg" alt="">
The property is located close to Moonee Ponds Central Shopping Centre, public transport and schools.
Heatherich said the area was undergoing rapid growth with apartment development sites keenly sought after.
"Moonee Ponds has long been a popular centre and it continues to attract new residents looking for a home in an area which offers all essential amenities within close proximity of the CBD,’’ Heatherich said.
The vendor was a local private developer.
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Moonee Ponds development site fetches $3 million

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An iconic three level hotel at Darlinghurst has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-darlinghurst-502305458" target="_blank">122 Flinders Street</a> the award winning pub, The Local Taphouse, is a pioneer in the Sydney beer market.
It has a brand new 20 year lease, including options, along with $54,000 per week in weekly revenue.
Featuring several bar areas, kitchen and a rooftop terrace the property is also centrally located to Oxford Street, the CBD and the Sydney Sports Grounds.
The Darlinghurst pub has won numerous awards from publications such as Time Out for its impressive craft beer selection, numbering in excess of 200 options.
The pub's elder sister is on Carlisle Street, St Kilda East.
The property is offered through Ray White agents Blake Edwards and Xavier Plunkett.
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Darlinghurst craft beer pioneer pub The Local Taphouse listed

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An three level hotel at Darlinghurst has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-darlinghurst-502305458" target="_blank">122 Flinders Street</a> the award winning pub, The Local Taphouse, is a pioneer in the Sydney beer market.
It has a brand new 20 year lease, including options, along with $54,000 per week in weekly revenue.
Featuring several bar areas, kitchen and a rooftop terrace the property is also centrally located to Oxford Street, the CBD and the Sydney Sports Grounds.
The Darlinghurst pub has won numerous awards, including from Time Out, for its impressive craft beer selection, numbering in excess of 200 options.
The pub's elder sister is on Balaclava Road, St Kilda.
The property is offered through Ray White agents Blake Edwards and Xavier Plunkett.
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Darlinghurst craft beer pioneer The Local Taphouse listed for sale

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Chapel Street commercial property sales increased in the last three months of 2017, according to CoreLogic's Cityscope.
The property data firm says that sales recorded in the quarter ending February 2017 totalled $26.6 million from nine sales, compared with $3 million from three sales in the three months to November 2016.
However this is less than the recorded $211.8 million from eight sales in the three months to August 2016, though this August figure was the result of the sale of The Como Centre and 650 Chapel Street, which were bought together for $202.7 million.
This data brings the 12 month total to $372.6 million from 33 sales, a decrease from the previous 12 month total of $417.5 million from 44 sales.
The table below shows sales recorded for the past eight updates of Chapel Street Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/02/24/Corelogic-1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/24/Corelogic-1.jpeg" alt="">
Notable sales recorded in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>Unit 5 at 529 Chapel Street, South Yarra, an office/penthouse on the whole of the first level, which sold for $6.85 million through Colliers International and</li>
<li>403 Chapel Street, South Yarra, a two-storey retail building with a later brick addition to the rear on a site area of 185 square metres, which sold for a total of $5 million through CBRE – Melbourne.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/02/24/Corelogic-2.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/24/Corelogic-2.jpeg" alt="">
Properties listed as for sale in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>Shop 2 and shop 3, at 529 Chapel Street, South Yarra, two ground floor retail units tenanted by General Pants, to be auctioned March 9, 2017 through Vinci Carbone and</li>
<li>
<a href="https://www.realcommercial.com.au/property-retail-vic-south+yarra-502159070" target="_blank">49 Toorak Road, South Yarra</a> (pictured above), a two-storey retail building on a 56 square metre site, for sale through LINQ Property;</li>
</ul>
Leasing opportunities listed in the February 2017 update of Chapel Street Cityscope include:
<ul>
<li>409 Chapel Street, a two-storey retail building with a yard to the rear, built in 1910, has the whole of level one for lease through TeskaCarson;</li>
<li>262-264 Chapel Street, Prahran, a three-storey brick retail building to Chapel Street with a single-storey warehouse building to the rear has retail space of 500 square metres for lease through CRS Property and</li>
<li>219 Commercial Road, South Yarra, a single-storey brick retail building of 455 square metres for lease through CVA Property Consultants.</li>
</ul>
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Chapel Street commercial property sales increase: Cityscope

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The total value of South Sydney commercial property sales decreased for the quarter to December 2016, according to CoreLogic’s South Sydney Cityscope report.
The property data firm says that 48 sales recorded in the most recent quarter totalled $411.3 million.
This compares to the $512.7 million from 58 sales in the quarter to September 2016 and the $276.7 million from 39 sales recorded in the quarter to June 2016.
In total there were 196 sales totalling $1.487 billion over 2016, an increase from the $1.260 billion from 403 sales recorded for the previous year.
The table below shows sales recorded for the past eight updates of South Sydney Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/01/23/South%20Sydney-1.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/2017/01/23/South%20Sydney-1.jpg" alt="">
Notable sales in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>Alexandria Creative Park, also known as <a href="https://www.realcommercial.com.au/property-offices-nsw-alexandria-501462611" target="_blank">The Mill at 41-43 Bourke Road, Alexandria</a> (pictured above), a 20,176 square metre business precinct comprising 10 commercial buildings, an on-site cafe and one three-storey car park building on an 18,930 square metre site, which sold through a mortgagee sale for $110.2 million;</li>
<li>Pullman Sydney Airport, at 191 O’Riordan Street, Mascot, a 12-storey, five-star hotel, with 229 guest rooms, restaurant, bar and conference facilities, completed in June 2016, which sold for $84 million; and</li>
<li>Kent Business Park, at 55 Kent Road, Mascot, a complex of five high-clearance two-storey warehouse units with small two-storey office sections, and parking for 94 cars on a 11,950 square metre site, which sold for $30 million.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/01/23/South%20Sydney-2.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/2017/01/23/South%20Sydney-2.jpg" alt="">
Properties listed as for sale in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>Three adjoining properties in Rosebery – at 12-20 Rosebery Avenue, consisting of a modern two-storey office building extending to high-clearance warehouse to Dalmeny Avenue and a smaller building, a high-clearance warehouse with two-storey office section and car space in a paved yard; at 108 Dalmeny Avenue, consisting of a modern two-storey office building and a yard for parking (25 cars) and warehouse access; and at 22-40 Rosebery Avenue, consisting of two high-clearance warehouses with two-level office sections (Building A and Building B), built around 1985; with a combined site area of 15,198 square metre are is available through Colliers International Sydney South;</li>
<li>563-567 Gardeners Road, Mascot, a development site of 948 square metre currently with a two-storey brick building with showroom on ground level and first floor offices and parking to the rear, available through Taylor Nicholas South Sydney; and</li>
<li>96A Denison Street, Hillsdale, consisting of a vacant land and to the rear, a two-storey building with parking space on the ground floor and offices above on a 4,166 square metre site, available through Cushman &amp; Wakefield Sydney.</li>
</ul>
Leasing opportunities in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>1-3A Ricketty Street, Mascot, consisting of an older single-storey brick and corrugated iron warehouse with a two-level office extension and a newer high-clearance warehouse/factory building with a two-level office extension, to the north of the site, which has warehouse and office space ranging from 745 to 1,824 square metre available in Tenancy B and D for lease through Collier’s International Sydney South;</li>
<li>Alexandria Industrial Estate, at 35-39 Bourke Road, Alexandria, consisting of ten single and two-storey high-clearance warehouse buildings with office areas built in 1985 with total building area is 43,600 square metre, comprising 3,826 square metre of office space and 39,774 square metre of warehouse space, has office space of 2,405 square metre in Unit C1 available through Knight Frank Sydney South, JLL Mascot, CBRE South Sydney and Goodman Industrial and</li>
<li>Part of the Lakes Business Park at 2-12 Lord Street, Botany, a complex of office and warehouse buildings, with surrounding on-grade parking areas and a two-level car park, total building area of 48,411 square metre over seven main buildings, which has floor area ranging from 225 to 1,180 square metre available through Dexus Property Group and JLL Mascot.</li>
</ul>
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South Sydney commercial property sales fall in final months of 2016: Cityscope

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Parramatta commercial property sales increased in the quarter to December 2016, according to CoreLogic's Cityscope report.
The property data firm says that for the three months to December 2016, there were 32 sales at a total value of $150.2 million, compared to 17 sales at a total value of $139.3 million for the previous quarter.
Over the year there were 97 sales at a total value of $492.8 million, a decrease from the 171 sales at a total value of $578 million for the previous year.
The table below shows sales recorded for the past eight updates of Parramatta Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/01/24/Paramatta-1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/24/Paramatta-1.jpeg" alt="">
Notable sales in the December 2016 update of Parramatta Cityscope include:
<ul>
<li>
<a href="https://www.realcommercial.com.au/property-land+development-nsw-parramatta-501863054" target="_blank">Albion Hotel, 135 George Street, Parramatta</a> (pictured above), a single and two-storey building with beer garden, bottle shop and parking on a site of 1,920 square metres, which was sold together with Albion car park, 118 Harris Street, Parramatta, a paved car park for the hotel on a site of 1,214 square metres for about $60 million through Khoury &amp; Partners Parramatta;</li>
<li>80 George Street, Parramatta, two office buildings of six and 11 storeys providing a net lettable area of 8,115 square metres with basement parking for 103 cars, which was sold for $51.88 million through Knight Frank</li>
<li>292 Church Street, Parramatta, a three-storey retail building with a net lettable area of 2,090 square metres and six car spaces, which was sold for $9.75 million through Ray White Commercial – Sydney.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/01/24/Paramatta-2.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/24/Paramatta-2.jpeg" alt="">
Properties listed as for sale in the December 2016 update of Parramatta Cityscope include:
<ul>
<li>295-309 Church Street, Parramatta, a two-storey building with a net lettable area of 1,362 square metres and 17 car spaces, which is available for sale through Savills and Khoury &amp; Partners</li>
<li>Unit 3 at 411 Church Street, Parramatta, a 77 square metres office suite on level one in a two-storey building, which is for sale through LJ Hooker Commercial Parramatta.</li>
</ul>
Properties with leasing opportunities listed in the December 2016 update of Parramatta Cityscope include:
<ul>
<li>197-205 Church Street, Parramatta, two interconnected buildings of two and three-storeys, which have office space of 1,500 square metres available through CBRE Western Sydney;</li>
<li>90 Phillip Street, Parramatta, a four-storey office building with a net lettable area of 3,180 square metres and 61 car spaces, which has office space up to 1,200 square metres available through CBRE Western Sydney</li>
<li>486 Church Street, Parramatta, a 10-level residential building and a two-storey retail annexe, which has retail space up to 1,200 square metres available through Khoury &amp; Partners Parramatta.</li>
</ul>
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Parramatta commercial property sales bounce back: Cityscope

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

Joel Robinson

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

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

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

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

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

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

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

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

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

Staff reporter

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