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Houses in Melbourne wait the shortest amount of time, according to CoreLogic’s latest report.
The property data firm says that on average houses in Melbourne can stay on the market for 46 days before being sold.
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However units in Melbourne can stay up to 62 days compared to 43 days for units in Hobart.
Darwin houses and units can stay for a long time with houses on sale for 102 days while units can take up to 118 days to sell.
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j.ballantyne1990-6AQqhLzZaK

Melbourne houses can take up to 46 days to sell: CoreLogic

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Australia’s first registered health fund, RT Health, has secured two levels of an office building at Surry Hills in inner Sydney for a project requirement.
The fund has leased approximately 476 sqm near its Buckingham Street, Surry Hills, headquarters at Level 1 and Level 2, 491 - 493 Elizabeth St, Surry Hills, in a deal negotiated by Ray White Commercial South Sydney’s John Skufris on behalf of Brian Adams.
The five-storey building including a top-level penthouse is located close to Central Station and Prince Alfred Park.
John Skufris said: "Both levels provided fitted and furnished office space with main offices, meeting rooms, tea station facilities and natural light on two sides.”
RT Health Fund was established more than 126 years ago when a group of railway employees got together to form a cooperative.
The initial gross rental for RT Health is around $210,000 per annum and the lease term is for two years.
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Health funds secures two storey Surry Hills office building

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The Eastern Suburbs of Sydney has the highest auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 26 auctions known to CoreLogic in the Eastern Suburbs 96.2% were sold.
This is followed by North Sydney and Hornsby with 94.8% and the Northern Beaches with 93%.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2012.45.43%20pm.jpg" target="_blank">Click to enlarge</a>
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The South West region of Sydney had the lowest auction clearance rate with only 61.9% of auctions cleared.
A three bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-clovelly-124464550" target="_blank">3/3 Donnellan Circuit</a>, Clovelly (above) was sold for $3,050,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-queens+park-124453538" target="_blank">32 View Street</a>, Queens Park (below) was sold for $2,735,000.
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McGrath Estate Agents reported an overall clearance rate of 82% from 122 auctions that were conducted across its network that comprises NSW, Queensland, ACT and Victoria on February 11.
The company conducted 85 auctions across metro Sydney, achieving an 87% clearance rate.
Its chief auctioneer Scott Kennedy-Green advised McGrath’s company owned offices in the Eastern Suburbs, Inner West and Northern Beaches all achieved a 100% clearance rate.
“We saw increased activity with multiple registrations and strong results through most price brackets.
" In particular, the $750,000 to $1.5 million bracket saw a 94% clearance rate from 48 auctions, and all three properties above $3 million sold.”
A standout in the prestige sector was the sale of a three bedroom apartment with harbour views at 2202/2 Dind Street, Milsons Point by Nigel Mukhi at McGrath Neutral Bay for $3,775,000. 
Mukhi said he had eight registered bidders for the 152 square metre apartment. 
“This was in a very popular price point for downsizers and there hasn’t been anything around that price range for quite some time in the area.”
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Sydney's Eastern Suburbs notch 96% auction clearance rate: CoreLogic

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The Inner East region of Melbourne takes top spot with the highest auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 28 auctions known to CoreLogic in the Inner East 82% were sold.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2012.57.05%20pm.jpg" target="_blank">Click to enlarge</a>
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This is followed by the Mornington Peninsula with 80% and the South East region with 79%.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-burwood-124472774" target="_blank">3 Peacock Street</a>, Burwood (above) was sold for $1,468,000.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-balwyn+north-124476994" target="_blank">2/31 Sutton Street</a>, Balwyn North (below) was sold for $1,308,000.
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Inner East, Melbourne auctions secure 82% clearance rate: CoreLogic

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In Melbourne, Australia’s largest auction market, 75 percent of the 345 reported auctions sold over the weekend, according to CoreLogic’s latest report.
The property data firm says that there were 542 auctions held across the city this week, up from 261 last week when the final auction clearance rate was 77.7 percent.
However it is lower than the 556 auctions held one year ago, with a higher clearance rate (74.4 percent).
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.02.08%20am.jpg" target="_blank">Click to enlarge</a>
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The Inner region of Melbourne had the highest number of auctions this week (94), with a preliminary clearance rate of 72.6 percent.
Meanwhile, the strongest clearance rate was recorded across the North East region (89.2 percent) and Inner East region (82.1 percent).
In Sydney, 633 auctions were held this week, with the city seeing a significant increase in volume over the week, up from the 259 reported last week.
The preliminary clearance rate of 84.8 percent is up from 72.3 percent last week and also higher than this time last year, when a clearance rate of 78.1 percent was recorded across 513 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.02.14%20am.jpg" target="_blank">Click to enlarge</a>
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Looking at the sub-regions of Sydney, the Eastern Suburbs region recorded the strongest clearance rate of 96.2 percent across 36 auctions.
Meanwhile the North Sydney and Hornsby region had the highest volume of auctions (85).
Brisbane was host to 129 auctions this week and so far 70 results have been reported, with 65.7 percent sold.
Last week, auction volumes across the city were much lower with 102 auctions held across the city and a 57.1 percent clearance rate recorded.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.02.21%20am.jpg" target="_blank">Click to enlarge</a>
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The number of homes taken to auction this week fell across the Gold Coast with 47 properties up for sale this week.
Of the 17 results reported, 52.9 percent were successful.
Adelaide recorded a clearance rate of 72.3 percent across 87 auctions this week, up from 60.8 percent across 144 auctions last week.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.02.28%20am.jpg" target="_blank">Click to enlarge</a>
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At the same time last year, 91 homes were taken to auction, with 75.0 percent recording a successful result.
In Perth, 74 auctions took place this week, with 16 results reported so far.
Perth’s preliminary clearance rate of 37.5 percent across these 16 results is lower than last week’s result (45.8 percent), although higher than the clearance rate from one year ago (31.6 percent).
Canberra’s preliminary auction clearance rate of 80.0 percent this week is higher than last week, when the final auction clearance rate was 70.5 percent and higher than the 71.2 percent recorded last year.
Of the 13 Tasmanian auction results reported so far this week, 2 sales have been recorded.
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Melbourne auction market clears 75 percent of 345 reported auctions: CoreLogic

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The Tamworth district farms, Mount View Station (above) and Wildcroft have been listed for sale with an $8.5 million price tag.  
Considered one of the New England’s most prestigious properties, the current landowners have transformed the four 1800s properties on the estate.
It comes with the large Federation era homesead with 11 inch pressed metal ceilings.  
Spanning 2,500 hectares, the land currently serves as soft grazing country housing about 5,000 lambs.
It can be used as tourism accommodation. 
There are over 90 dams with 34 new and 11 key dams. Is infrastructure includes a prerequisite woolshed, sheep and cattle yards, silos and machinery sheds.  
The property has been listed through Gavin Beard of Landmark Tamworth. 
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Mount View Station and Wildcroft listed in Tamworth

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It has been strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne, according to CoreLogic's latest report.
The property data firm says that despite the surge in the number of auctions held, the combined capitals region recorded a preliminary auction clearance rate of 76.6 percent.
This is up from last week, when the final clearance rate dipped to 68.7 per cent.
Auction volumes saw a significant increase over the week, with volumes rising week-on-week across all of the capital cities, with the exception of Adelaide which saw a decrease over the week.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%209.53.02%20am.jpg" target="_blank">Click to enlarge</a>
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There were 1,564 properties taken to auction across the combined capital cities this week, compared to last week’s 881.
At the same time last year, auction volumes were lower, with 1,400 capital city auctions held with a lower rate of clearance (71.8 per cent).
The two largest auctions markets, Sydney and Melbourne, recorded a preliminary clearance rate of 84.8 per cent and 75.4 per cent respectively.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%209.53.08%20am.jpg" target="_blank">Click to enlarge</a>
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This suggests that vendors are still very much in the driver’s seat across these markets.
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Strong February auction activity in capital cities: CoreLogic

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The eight-year-old Byron Bay hinterland trophy home, Ad Astra has been listed for sale. 
Designed by award-winning Squillace Architects and built by a Sydney builder, the marketing says its a six star offering at Eureka.
The 13 hectare estate at <a href="https://www.realestate.com.au/property-house-nsw-eureka-124150246" target="_blank">18 Taylors Road</a> has a five bedroom home with some 740 sq m living space.
There is a woodfired pizza oven and a climate controlled walk-in cellar. The property also features a C-bus lighting and Sonos entertainment systems.
The contemporary rural estate also features a two-bedroom worker’s cottage.
There is a salt-water tiled and infinity edge pool.  There are also yards and fencing for cattle (currently carrying 20 breeders) and a small citrus orchard with 100 Tahitian lime trees.
The property has been listed for sale by Nicolette van Wijjngaarden of Unique Estates. 
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Eureka's six-star Ad Astra trophy home listed in Byron Bay hinterland

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It's not enough to just have a beach weekender anymore.
Tech billionaire Michael Cannon-Brookes and wife Annie have now added a rural retreat.
Their weekender Joadja Creek Farm, cost the Atlassian co-founder $3.3 million.
It is 390 hectare hobby farm in the small heritage registered town of Joadja, some 140 kilometres from Sydney in the Southern Highlands. 
The secluded farm is surrounded by native bushland, with horse riding trails and wildlife aplenty.
The four bedroom home was architecturally designed in 1996 by the Haege family with wrap-around verandahs and sits amid an orchard.
Its on Joadja Creek with water holes, three dams and a bore.
Brookes has been Centennial Park based since 2015 when he secured Braelin, the $12 million Lang Road trophy home.
He owns a $8.7 million Palm Beach holiday home.
The couple own a Centennial Park home bought from luxury car dealer Ian Pagent and wife Marianne for $12 million.
The Californian bungalow style home built in 1918 for Sir Allen Taylor, a former lord mayor of Sydney is set for a makeover given the family's need for more bedrooms.
They have just spent $7.05 million on the Double Bay trophy home SeaDragon, the 1936 Professor Leslie Wilkinson designed Mediterranean style villa while they await the renovations.
It was sold by QC Francis Douglas through Sally Hampshire at Laing+Simmons inconjunction with Sothebys International.
This article first appeared in the Saturday Daily Telegraph. 
 
 
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Mike Cannon-Brookes buys rural retreat in NSW Southern Highlands

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A substantial South Australian vineyard at Langhorne Creek has been sold, with Colliers posting the result last month on realcommercial.com.au.
The <a href="https://www.realcommercial.com.au/property-commercial+farming-sa-langhorne+creek-501458707" target="_blank">Twin Rivers</a> property comprises of 129 hectares of land.
There are 115 hectares of established vineyards with planting. It includes 24 hectares of Pinot Noir, 26 hectares of Cabernet Sauvignon and 65 hectares of Shiraz.
An existing Grape Sale Agreement is included with major wine companies.
There is a River Murray Water Licence with entitlements of 403ML per annum.
It is in proximity to the Fleurieu Peninsula towns of Goolwa, Middleton, Port Elliot and Victor Harbor.
The property was offered through Colliers International agent Tim Altschwager. No sale price has been advised.
It was previously advised as sold in 2015. 
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Langhorne Creek vineyard, Twin Rivers, sold in SA

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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