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A three level Fitzroy warehouse conversion has been listed for February auction. 
The renovated Brooks Building at <a href="https://www.realestate.com.au/property-house-vic-fitzroy-124507698" target="_blank">51A Little Smith St, Fitzroy</a>, features a loft bedroom with a balcony, offering views of Collingwood and Fitzroy.
There is a light-filled open-plan living area with exposed beams. 
Nelson Alexander Fitzroy agent Luke Sacco said the building conversion was about three decades ago to retain the raw features of its warehouse heritage.
It has the high ceilings, exposed brick, old timber floors.
<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/2017/01/29/Fitzroy.jpg" alt="">
On the ground floor, there is a lockup garage and two bedrooms.
There are original warehouse windows with wooden floors and white-painted bricks complement the exposed beams in the lounge and dining area.
The property is set to go under the hammer on February 11 with price expectations of $1.55 million to $1.65 million.
CoreLogic says it last traded in 1978 at $7500.
Last year an undeveloped Fitzroy North warehouse sold at auction.
The 6A/1 Bik Lane offering sold for $1.216 million, just over its $1.1 million reserve set by the artist Polly Courtin who'd been there a decade.
The 120sq m building space boasted ceilings high enough to fit three storeys inside, the Nelson Alexander marketing suggested.
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j.ballantyne1990-6AQqhLzZaK

Fitzroy Brooks Building warehouse conversion listed for auction

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Village Real Estate, which has offices in Seddon and Newport in Melbourne's inner west, have been found to have breached consumer law after being investigated by Consumer Affairs Victoria (CAV) for underquoting the advertised price of a property.
Marty Rankin, a director of Village Real Estate has spoken candidly about the underquoting.
The worst example was a <a href="https://www.realestate.com.au/sold/property-house-vic-seddon-121648866" target="_blank">Seddon property</a>. 
The three-bedroom house was advertised for as low as “$770,000 plus” in January last year, despite agents having already rejected a private offer of $900,000 the previous month.
The vendors had also been advised they would not consider anything below $950,000.
<div>During the auction marketing campaign he advertised price was revised to “$800,000 plus”.</div>
<div> </div>
<div>Auctioneer Huss Saad announced to bidders they were “playing for keeps” — suggesting it had reached its reserve price — when the bidding reached $950,000.</div>
<div> </div>
<div>It sold under the hammer for $995,000.</div>
<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/2017/01/27/25%20Pilgrim%20Street.jpg" alt="">
Village Real Estate have resolved to implement changes in line with the new forthcoming regulations in addition to instilling company best practice policies to amend the whole property pricing process.
“We hold ourselves accountable for our actions.” said Mr Rankin. 
“We are not proud of the incident," he said.  
“Ultimately, if representatives of the industry cease trying to compete with other agents to irresponsibly promote properties with misleading price ranges, then all buyers and sellers will enjoy a more open and honest transaction."
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Seddon auction underquoting prompts Village Real Estate to review property pricing process

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The development company, Future Estate has finalised a $12.8 million Coburg sale of three lots totalling 9,203sqm of its larger Pentridge Prison site.
The holding sits amid the substantive urban renewal project, Coburg Quarter.
The purchaser, Golden Sunrise secured permits for 294 apartments across three buildings.
Future Estate purchased the distressed asset from receivers three years ago for $4 million.
“When we purchased the former Pentridge Prison site in 2014, our valuations estimated we had secured it for a third of its market value,” said Future Estate managing director, Ben Anderson.
“Now, 18 months on, we have this sale and the 250 per cent return on investment it produced to verify our initial calculations – the site which we acquired for 30c on the dollar, is actually worth $73 million.”
One Coburg Quarter, Fuure Estate's first residential building is 90 per cent sold off market.
One Coburg Quarter has 148 apartments.
Future Estate’s masterplan will see the developer transform the remaining portion of its 4.2ha site into a mixed-use residential community in which open civic spaces, professional services, a diverse retail offering and a new eat street.
<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/2017/01/25/Future%20Estate_Coburg%20Quarter%20development%20overview.jpg" alt="">
“This sale not only means our debt is reduced, it means we are able to reinvest in other ventures within the precinct and deliver the extensive public amenities we have planned, which include a micro-brewery and wine bar, up front,” said Anderson.
"Rather than have these three permit-approved sites sit there for 36 – 48 months until we are in a position to develop them, we have chosen to bring in another developer, with whom we can work simultaneously to make this community a reality."
The sale was through Colliers International and Savills.
The property was listed as for sale by expressions of interest, closing on August 10.
Future Estate and fellow developer Shayher Group own the former prison, which was once home to notorious inmates such as Ned Kelly and Squizzy Taylor.
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Pentridge Prison development site sold by Future Estate for $12.8 million

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A restored 1870s home at Strath Creek has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-strath+creek-123964530" target="_blank">805 King Parrot Creek Road</a>, the Aislinn is an hour from Melbourne CBD, close proximity to Yea and Seymour, and an easy drive to Mt Buller ski fields.
It is set in the Valley of a Thousand Hills.
The three bedroom, three bathroom home has a dining room with original pressed tin walls and ceilings.
The is also a renovated gourmet kitchen and a study/sunroom.
The garden has a large pergola and raised beds full of vegetable and herb plantings.
The self-contained guest cottage has a bedroom, bathroom and lounge.
<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/2017/01/22/805%20King%20Parrot%20Creek%20Road-2.jpg" alt="">
Sitting on 40 hectares it offers pastured paddocks, water and infrastructure including sheddings, workshops, shearing shed and stock laneways.
There is solar power and two megalitre water licence. The property is offered through Colliers International agent Kim McQueen.
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Restored 1870s Strath Creek trophy home, the Aislinn, listed for sale

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Melbourne developers Salvo Property Group has purchased a site with pre-existing permit for four residential towers in Melbourne's Fishermans Bendin a deal rumoured to be more than $40 million.
The 9,766sqm site, 60-82 Johnston Street, South Melbourne, was sold by vendor Bill McNee through Colliers International.
The property has plans and permits for more than 1,300 apartments in four towers designed by Rothelowman.
There will be two high-rise towers (46 and 43 storeys) and two medium-rise towers (27 and 21 storeys).
Agent Daniel Wolman said 60-82 Johnson Street in South Melbourne will be one of the largest mixed-used complexes within Fishermans Bend.
“Salvo’s success in Southbank will continue in Fishermans Bend, bringing not only residential apartments to the area, but also supermarkets, retail shops, offices and other amenities," he said.
“We were managing interest and offers from several Asian developers, particularly from China, Malaysia and Singapore.
“However, the local developers saw the potential in this premium inner-city location immediately and acted accordingly, which is testament to the strength of the Melbourne market.
“This project is situated within one of Australia’s most dynamic urban renewal development precincts and as such, it was an opportunity for someone to create a flagship project."
 
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Fishermans Bend site snapped up by Salvo Property Group

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Sydney continues to have the highest home value changes over the last 12 months, according to CoreLogic’s latest report.
The property data firm says that over the 12 months Sydney’s home value has increased by 15.4%.
It is slightly down on the 15.5% as at December 31.
<a href="https://www.propertyobserver.com.au/images/2017/01/24/Capital%20city%20home%20values.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/2017/01/24/Capital%20city%20home%20values.jpg" alt="">
 
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Sydney home values grow 15.4% over last 12 months: CoreLogic

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A modern beach home at the Victorian seaside town of Inverloch has been listed for sale for $1,300,000.
Located at <a href="https://www.realestate.com.au/property-house-vic-inverloch-122222678" target="_blank">19 Freda Street</a>, Inverloch the property features 4.9 metre sloped ceilings along with Western Australian limestone walls.
The kitchen has a huge butler’s pantry and features marbled stone bench tops and French Oak cabinetry.
The living room has views of the surrounding treetops through the floor-to-ceiling windows.
The home comes with a 600 bottle insulated wine cellar.
<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/2017/01/22/19%20Freda%20Street-2.jpg" alt="">
The master bedrooms features an ensuite with imported Italian tiles.
The property is offered through Stockland and Leggo agents Adam Leys and Glenn Bolam.
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Modern Inverloch beach home listed for sale

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In the final five months of 2016, mainland Chinese developers snapped up three-quarters of Melbourne development sites on the market through CBRE.
As they shrugged off concerns about apartment oversupply, tougher planning rules and higher property taxes, CBRE calculated that 75% of the 45 Melbourne development sites they transacted between August and December were sold to Chinese buyers.
Less than one in five sales were to Chinese groups in the first seven months of the year as Chinese government capital control measures and uncertainty about the federal election in Australia affected developer interest.
"We've sold more properties to Chinese buyers in the past five months than in any other five-month period since 2009," said CBRE national director Mark Wizel.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="97">
Property
</td>
<td valign="top" width="99">
Buyer
</td>
<td valign="top" width="71">
Price ($m)
</td>
<td valign="top" width="118">
Project
</td>
<td valign="top" width="52">
Permit
</td>
</tr>
<tr>
<td valign="top" width="97">
7-23 Spencer St (CBD)
</td>
<td valign="top" width="99">
Nuway Wy
</td>
<td valign="top" width="71">
97.0
</td>
<td valign="top" width="118">
Over 1000 apartments
</td>
<td valign="top" width="52">
Yes
</td>
</tr>
<tr>
<td valign="top" width="97">
Corner King and Little Lonsdale St (CBD)
</td>
<td valign="top" width="99">
Aurumstone
</td>
<td valign="top" width="71">
43.8
</td>
<td valign="top" width="118">
430 apartments
</td>
<td valign="top" width="52">
Yes
</td>
</tr>
<tr>
<td valign="top" width="97">
Norvel Estate, Ferntree Gully
</td>
<td valign="top" width="99">
Hong Se Int’l
</td>
<td valign="top" width="71">
37.0
</td>
<td valign="top" width="118">
Townhouse village
</td>
<td valign="top" width="52">
No
</td>
</tr>
<tr>
<td valign="top" width="97">
615 Warrigal Rd, Ashwood
</td>
<td valign="top" width="99">
Hong Se Int’l
</td>
<td valign="top" width="71">
36.0
</td>
<td valign="top" width="118">
Mixed-use apartments
</td>
<td valign="top" width="52">
No
</td>
</tr>
<tr>
<td valign="top" width="97">
85 Spring St (CBD)
</td>
<td valign="top" width="99">
Chinese developer
</td>
<td valign="top" width="71">
85.0
</td>
<td valign="top" width="118">
230 apartments
</td>
<td valign="top" width="52">
Yes
</td>
</tr>
<tr>
<td valign="top" width="97">
250 Sturt St, Southbank
</td>
<td valign="top" width="99">
Tiang Long
</td>
<td valign="top" width="71">
11.0
</td>
<td valign="top" width="118">
16 storey hotel
</td>
<td valign="top" width="52">
Yes
</td>
</tr>
<tr>
<td valign="top" width="97">
150-152 Bridge Rd, Richmond
</td>
<td valign="top" width="99">
Poly
</td>
<td valign="top" width="71">
16.0
</td>
<td valign="top" width="118">
Townhouses
</td>
<td valign="top" width="52">
No
</td>
</tr>
<tr>
<td valign="top" width="97">
Three Point Cook sites
</td>
<td valign="top" width="99">
Dahua
</td>
<td valign="top" width="71">
350.0
</td>
<td valign="top" width="118">
3000 houses
</td>
<td valign="top" width="52">
No
</td>
</tr>
<tr>
<td valign="top" width="97">
Sayers Rd, Tarneit
</td>
<td valign="top" width="99">
New Sky
</td>
<td valign="top" width="71">
60.0
</td>
<td valign="top" width="118">
800 houses
</td>
<td valign="top" width="52">
Yes
</td>
</tr>
</tbody></table>
The Australian Financial Review calculated that there has been more than $730 million worth of Melbourne development site sales to Chinese developers since August.
These included acquisitions by Dahua and Poly, and new entrants like Nuway Wy, which paid $97 million for the former Melbourne convention centre site with a permit for 1000 apartments.
Wizel said the convention centre site would have sold for $400 million were it in Sydney.
"Chinese developers see a lot of value in Melbourne and they are willing to accept a lower return because they can save money in other ways, such as by selling apartments directly into China and avoiding paying local estate agent commission fees.," he said.
"They also have a better read on demand from China for housing than we have. They wouldn't buy these sites it if they didn't have the end buyers."
Jiaheng Chan, managing director of Malaysian-backed developer Beulah International, said Melbourne appealed for all the reasons it was named the most liveable city in the world for six consecutive years.
He added a major drawcard for Melbourne is the education system and the quality of schools and universities.
Wizel said he expected a rise in activity in 2017 from some of the big Chinese developers including Greenland, Fosun, Vanke, Wanda and R&amp;F, who were relatively inactive in 2016.
He noted that Chinese groups were also expanding their activities beyond development sites.
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Chinese developers surge into Melbourne again for apartment sites

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The executive Chairman at WBP Property Group Greville Pabst says that Melbourne's median house price growth will rise by another 10 percent this year.
"Not unprecedented but watching stock being absorbed so quick in late spring and numbers at opens in 2017, I believe median house price growth should forge another 10 percent this year," he has advised.
"With two caveats," he added.
"Interest rates and unemployment."
Meanwhile Mr Pabst expects the property market to continue in the seller’s favour this year, particularly for houses.
“Given a lot of the stock has been mopped up, I think there will be pent-up demand when this market opens up again in mid-February.”
Mr Pabst says the market would be dependent on economic factors.
“A rise in unemployment or interest rates might take a bit of wind out of the sails,” he told the Herald Sun.
“There’s also the Trump factor, which could mean we have to put up interest rates faster, or it could mean a policy decision that has an impact on our economy.”
His tip was established apartments could grow up to 5 per cent because there was limited supply, with a similar outcome for single-level villas.
As for houses, he said established homes within 10km of the CBD and less than $2 million would “remain one of the safest bets” this year.
He predicts that prices could grow because homebuyers were fighting to buy within that range.
Similar growth could be expected for property less than $2 million up to 20km from the CBD, where listing shortages and affordability would drive prices in the area.
Mr Pabst forecast the value of resold modern apartments could fall about 6 per cent.
“Supply in certain postcodes including Melbourne, Docklands and Southbank and the in-built incentives will mean it might take up to six years for many of these investments to break even."
His WBP valuation group is known as one of the most bearish among the inner Melbourne valuers with their off the plan bank valuations.
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10 percent price growth for Melbourne houses predicted by Greville Pabst

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A 1960s residence at Coorparoo has been listed for sale for the first time.
It has been scheduled for January 28 auction.
Located at <a href="https://www.realestate.com.au/property-house-qld-coorparoo-124421590" target="_blank">544 Cavendish Road</a>, the property featuring many of the rich characteristics dating back to its 1960s build.
There are the stylish architraves, stone feature walls, original fireplace and ornate cornices.
There is a master bedroom complete with ensuite along with four additional bedrooms, all with built ins, as well as three bathrooms.
There is also a bar area downstairs along with a fully covered outdoor entertaining area with city views.
The property features a double car garage.
Next to the wine cellar is a home workshop.
New owners have the opportunity and option to renovate, re-build or invest with the property being in its original condition.
Brisbane’s CBS is 6km away and elite shops, restaurants, cafes and the new Coorparoo Square Shopping Village a short walk away.
The property is offered through Harcourts agents Conrad Leisemann and Chris Blakeley
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Intact 1960s Coorparoo residence listed for sale for first time

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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