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A 795 sqm oceanview home at Torquay has been listed for sale for $860,000.
Located at <a href="https://www.realestate.com.au/property-house-vic-torquay-124397546" target="_blank">2 Lune Court</a>, the property features polished timber floors in the living areas.
It has vaulted and square set ceilings throughout the property.
It also has ducted gas heating and reverse cycle air conditioners.
It has four bedrooms with three bedrooms featuring built in robes while the master bedroom has a walk in robes.
The kitchen has waterfall stone bench tops, a new 900mm cooker, pantry, dishwasher and range.
<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/2017/01/22/2%20Lune%20Court-2.jpg" alt="">
Both levels feature large decks with spacious open plan living/dining openings to it.
Established and mature trees, gardens and grounds along with lawn and yard space.
It also features a DLUG plus 6x4m shed/workshop. The property is offered through Great Ocean Road Real Estate agents Geoff Bennett and Charlotte Attfield – Cole.
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j.ballantyne1990-6AQqhLzZaK

Oceanview Torquay home listed for sale

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A Bondi Junction apartment shared the highest price last week across the country with an Potts Point apartment, according to CoreLogic.
The apartments fetched $4.25 million each.
The <a href="https://www.realestate.com.au/sold/property-apartment-nsw-bondi+junction-124534158" target="_blank">Bondi Junction apartment</a> (above and below) is considerably larger, comprising four bedrooms, four bathrooms.
<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/Bondi%20Capitol.jpg" alt="" width="426" height="267">
Set in the newly completed Capitol building on Oxford Street, the 236 sqm apartment has a balcony with views of the Sydney Harbour.
Morton agent Darren Ratcliffe secured the sale.
The Potts Point<a href="https://www.realestate.com.au/sold/property-apartment-nsw-potts+point-120417813" target="_blank"> sub penthouse</a> in the iconic Pomeroy building (below) also sold for $4.25 million.
It spent nearly two years on the market over four different marketing campaigns.
<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/Pomeroy.jpg" alt="" width="430" height="263">
The New York style apartment has two bedrooms, two bathrooms and a large terrace.
Richardson &amp; Wrench agents Jason Boon and Geoff Cox sold the home.
It last traded for $2.25 million in 2004.
 
 
 
 
 
 
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Bondi Junction and Potts Point share last week's most expensive sales at $4.25 million: CoreLogic

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The billionaire hedge fund manager Sir Michael Hintze has acquired his first Victorian farming property.
The historic Cheviot Hills in the Western District cost more than $10 million.
Sir Michael, a BRW rich-lister with a fortune estimated at $1.3 billion, is the founder of London-headquartered $12 billion global fund manager CQS.
His MH Premium Farms now owns a portfolio of more than 20 rural properties in Australia spanning more than 70,000 hectares across the east coast.
He has spent about $80 million, starting near Goulburn in NSW then adding sugar farms in Queensland.
The latest farm purchase near Penshurst covers 1950 hectares.
It had been owned by the Hutton family since 1852.
Cheviot Hills, to be managed by Growth Farms Australia, will be used for sheep production and will give the MHPF portfolio, which spans lamb, wool cattle, broad acre cropping of cereals and oilseeds, cotton and sugar, greater climatic diversity.
It is the first Hintz purchase since last July, when MHPF bought Deltroit Station, a 2573-hectare grazing property in the Gundagai district of NSW, which will be used primarily for lamb breeding and finishing.
The sale of Cheviot Hills was negotiated by CBRE's Duncan McCulloch and James Beer, as well as Kerr &amp; Co's Robert Claffey.
Cheviot Hills, which includes a renovated four-bedroom bluestone homestead, was run by fifth-generation farmer Tim Hutton as a mixed-grazing enterprise, including Hereford cattle and Corriedale sheep.
Mr Hutton is a descendent of Scotsman David Hutton, who arrived in the Western District town of Portland in 1844 and took out a lease on land at Mount Rouse, later establishing Cheviot Hills.
The sale of Cheviot Hills follows the recent sale of blue ribbon Western District property Banongill Station, a 6880-hectare cropping and grazing estate near Skipton, to US pension fund-backed Laguna Bay Pastoral Company for more than $30 million.
Other owners in the vast Western District region include Rifa Salutary, the Australian arm of China's Zhejiang Rifa Holding Group, which bought 2420-hectare Blackwood station near Dunkeld from the Ritchie family in February 2014 for about $14 million.
MH Premium Farms (MHPF), the Australian agricultural investment group of Hintze purchased Deltroit, the Gundagai district farm July 2015.
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Michael Hintze buys Victorian farm Cheviot Hills for $10 million

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There are Airbnb properties with some odd qualities. Property Observer looks at six of them:
1. The <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/7042427?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=KJXy1ujm" target="_blank">Dollhouse</a> at Kingscote, South Australia is a historic cabin in the heart of town.
It features a loft bedroom with a queen bed, kitchen downstairs and lounge and other amenities.
It is available from $85 per night.
2. A one bedroom unit shaped like <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/1602856?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=CFeeFIKz" target="_blank">an igloo</a> at Trinity Beach, Queensland is set around an octagonal swimming pool with Trinity Beach just a short walk away.
<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/Airbnb-2.jpg" alt="">
It is available for $115 per night
3. A one bedroom home called <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/999067?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=CFeeFIKz" target="_blank">the Stable</a> at Richmond, Victoria is named because a stable had been renovated to become a home.
One guest stated, "The Stables were great. Close to public transport and close enough to the city to pop in and out.
The place was adorable and exactly what it looks like in the pictures"
<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/Airbnb-3.jpg" alt="">
It is available for $101 per night.
4. A <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/4647524?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=CFeeFIKz" target="_blank">1920s tram</a> has been converted into a four bedroom home at Lauriston, Victoria for $340 per night.
<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/Airbnb-4.jpg" alt="">
5. A small house in the shape of an <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/1483865?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=CFeeFIKz" target="_blank">alpine tent</a> in an isolated area is available at Myrrhee, Victoria for $120 per night.
One guest stated, "Fantastic secluded, friendly atmosphere Views are breathtaking Glamping rocks Cant recommend enough."
<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/Airbnb-5.jpg" alt="">
6. A four bedroom <a href="https://www.propertyobserver.com.au/https://www.airbnb.com.au/rooms/6565539?guests=1&amp;adults=1&amp;children=0&amp;infants=0&amp;s=8cnhUSXX" target="_blank">heritage-listed church</a> at Brisbane, Queensland is available for $290 per night.
One guest stated, "Our stay at the Old Church met and exceeded all expectations.
Such a great, historic site to accomodate us whilst enjoying our time in Brisbane."
<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/Airbnb-6.jpg" alt="">
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The six oddest Airbnb homes to rent across Australia

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Broken Hill is the cheapest place to purchase a house in New South Wales, according to Investar’s latest report.
The property investment firm says the average price of a house in Broken Hill is $102,000.
This is followed by Wellington with $139,500 and Coonamble with $140,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="69">
Suburb
</td>
<td valign="top" width="57">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="117">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="69">
Broken Hill
</td>
<td valign="top" width="57">
2880
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="117">
$102,000
</td>
</tr>
<tr>
<td valign="top" width="69">
Wellington
</td>
<td valign="top" width="57">
2820
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="117">
$139,500
</td>
</tr>
<tr>
<td valign="top" width="69">
Coonamble
</td>
<td valign="top" width="57">
2829
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="117">
$140,000
</td>
</tr>
<tr>
<td valign="top" width="69">
Deniliquin
</td>
<td valign="top" width="57">
2710
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="117">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="69">
Cowra
</td>
<td valign="top" width="57">
2794
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="117">
$159,000
</td>
</tr>
<tr>
<td valign="top" width="69">
Junee
</td>
<td valign="top" width="57">
2663
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="117">
$159,000
</td>
</tr>
</tbody></table>
A two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-124282206">325 Wandoo Street</a> in Broken Hill (above) is listed for sale for $108,000 through LJ Hooker.
A two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-123876202">218 Cornish Street</a> (below) is listed for sale for $107,000. It hit the market at $170,000 in late 2015.
<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/2017/01/11/218%20Cornish%20Street.jpg" alt="">
A house at <a href="https://www.realestate.com.au/sold/property-house-nsw-broken+hill-122329398" target="_blank">140 Bromide Street</a> (below) sold for $107,000 having last traded for $100,000 in 2014, showing 2.9 percent annual price growth.
<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/2017/01/20/140%20Bromide%20Street.jpg" alt="">
A two bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-broken+hill-124304338" target="_blank">54 Thomas Street</a> (below) was recently sold for $130,000. Set on over 1,000 sqm, the home last sold for $37,000 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/2017/01/20/54%20Thomas%20Street.jpg" alt="">
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Where $102,000 can buy you a home in NSW: Investar

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The best decision to be made about buying during 2017 will be preceded by a close study of the performance of the local market chosen to buy or invest in, according to real estate television presenter Andrew Winter.
His forecast on capital cities stresses one element that he was absolutely sure about - our love affair of real estate, love it or hate it will not change.
He warned News Ltd readers they will have success buying and selling only by "knowing all the sales in the previous six months, every listing for sale right now, what is in demand, what is not so much and for all stock both established, new, and even land.
"Know the areas facts from schooling, to crime rates to employment to infrastructure changes etc. that’s why it is impossible to cover a wide area and still truly be informed sufficiently to make the right move," he said.
Looking at the capitals, here’s what he thinks:
SYDNEY: Limited stock to fuel growth
"Sydney, I genuinely believe some growth may still continue, fuelled by limited stock in prime areas, outer areas may see growth too as buyers are forced outwards for value," he said.
"The only areas that may see more flatlining will be the locations with an increasing housing stock such as those with considerable new land releases.
"However, prices may not falter even there if that stock is perceived as affordable relative to the market. Even the inner city new unit market may hang in there, noting this is often a market within a market, so play with this housing stock very carefully."
MELBOURNE: Oversupply a concern
"Melbourne has performed outstandingly but more recently in some areas, such as prime suburbs, stock levels have increased slightly which tends to put a halt to big value hikes," he said.
"Outer areas, many of which are quite accessible to the CBD and big employment centres are and should continue to see moderate growth, affordable and attractive to owner occupiers and investors, local and interstate alike.
"This city’s big issue is an oversupply of central new unit schemes, usually high rise. If supply continues at this rate ahead of demand, or in fact more units get sold and stand empty or add to an over supplied rental stock this does not bode well for this market sector."
<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/2017/01/20/about-andrew.jpg" alt="">
PERTH and DARWIN: Good time to buy?
"Perth and Darwin have struggled somewhat during 2016, however, you could argue that the softening of those markets was a natural pattern in the property cycle after many good years," he said.
"When larger sources of employment and investment such as the resources industries struggle it is of course going to impact a local housing market.
"These two cities are critically important geographic centres, so while values may be suffering a little 2017 may just see more of the same, but it can be argued the bad times are exactly when you buy, not when you sell."
CANBERRA: Steady and modest
"As for our nation’s capital, a city that has seen very modest growth in 2016, this is a steady market anyway and I don’t believe that will change in 2017," he said.
ADELAIDE: Employment issue might affect market
"Adelaide tends to be a fairly sensible player in the market, more steady than boom and bust. Major employment concerns will continue to impact this market," he said.
"This is an affordable city so you only need some good news on infrastructure and employment and demand will increase, so it could be one to watch."
BRISBANE: Room for growth
"Brisbane and southeast Queensland generally has seen a recovery in the last few years but that market adjustment and value rises are still relatively low taken over a decade so again this is an area I believe to watch," he said.
"There is room for growth in many areas, only prime inner city suburbs have seen the larger value rises recently. For interstate and local buyers there really is well located and quite affordable housing stock."
HOBART: Tricky to predict
"Hobart, very tricky to predict. While many areas of the state are struggling, the city and close by offer a certain lifestyle attractive to many and with very affordable price tags. I believe no noticeable change for 2017 will be evident," he said.
Winter purposely omits all median prices, generic stats etc. because in his words, “I predict for 2017 the best decision will be made about buying and selling when you study the performance of the market local to you or the areas you’ve chosen to buy or invest in."
"The median prices/recent sales performance and demand can and does vary massively, not only from suburb to suburb, but literally between street to street," he concludes.
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Study the market for best price places to buy in 2017: Selling Houses Australia's Andrew Winter

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A four bedroom home at Suffolk Park has been listed for sale with $2.9 million to $3.19 million price guidance.
Located at <a href="https://www.realestate.com.au/property-house-nsw-suffolk+park-121567942" target="_blank">2/2 Alcorn Street</a> the Byron Bay district property has a direct beach access with the Arakwal National Park at its back door.
It is a private location due to the property being a gated estate.
There is a pool and an extensive poolside gazebo with entertaining areas.
The property is an open plan retreat style modern home with balconies on all sides of the house.
There is also an open plan kitchen with the dining and living area opening out onto timber decks.
The property is offered by Your Hot Property agent Daniel Baxter.
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Gated Suffolk Park home with beach access listed for sale

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Canberra home values increased by 0.2 percent over the final quarter of 2016 to be 9.3 percent higher over the year, according to CoreLogic’s latest report.
The property data firm says that over the past year, home values have increased at their fastest rate since they rose 10 percent over the year to September 2010.
Canberra dwelling prices ended 2016 at $595,000.
Houses sit at $660,000 and $425,000 for units.
<a href="https://www.propertyobserver.com.au/images/2017/01/09/Canberra%20dwelling%20changes.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/2017/01/09/Canberra%20dwelling%20changes.jpg" alt="">
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Canberra home values increased at fastest pace for six years in 2016: CoreLogic

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Mosman is the most expensive suburb in Sydney to currently buy a house in an active market, according to Investar’s latest report.
The property investment firm says that Mosman’s median house price increased by 28 percent last year to $4,250,000.
This is followed by Bronte with $2,950,000 and Killara with $2,850,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="55">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="117">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Mosman
</td>
<td valign="top" width="55">
2088
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$4,250,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bronte
</td>
<td valign="top" width="55">
2024
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="117">
$2,950,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Killara
</td>
<td valign="top" width="55">
2071
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,850,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Roseville
</td>
<td valign="top" width="55">
2069
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,700,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Seaforth
</td>
<td valign="top" width="55">
2092
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,550,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Turramurra
</td>
<td valign="top" width="55">
2074
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,500,000
</td>
</tr>
</tbody></table>
A five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-122579750" target="_blank">35 Upper Almora Street</a> (above) was sold recently for $4,620,000.
Similarly a five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-122679478" target="_blank">12 Carrington Avenue</a> (below) was sold for $4,700,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/09/12%20Carrington%20Avenue.jpg" alt="">
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Mosman ranks as most expensive Sydney surburb median: Investar

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Housing affordability in NSW is at an all time low as most regions of NSW has a mid to high price to income ratio.
Ryde, the inner south west and Sydney's eastern suburb among the least affordable locations based on income, according to a CoreLogic study.
<a href="https://www.propertyobserver.com.au/images/2017/01/18/NSW%20Table.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/2017/01/18/NSW%20Table.jpg" alt="">
CoreLogic has produced a heatmap that pinpoints the regions with the highest price to income ratios.
<a href="https://www.propertyobserver.com.au/images/2017/01/18/NSW%20Graph.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/2017/01/18/NSW%20Graph.jpg" alt="">
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Sydney's Ryde among the least affordable NSW housing: CoreLogic

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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