<html><body>
An iconic beach box at Mornington Peninsula remains for sale at $85,000 plus.
Located at <a href="https://www.realestate.com.au/property-residential+land-vic-mornington-201305317" target="_blank">34 Shire Hall</a> the property has enough space to store all the daily beach going necessities.
It has been professionally painted in the Australian flag colours.
It comes complete with skylight.
It is positioned just steps from the car park that leads to Shire Hall Beach and walking distance to Mornington’s Main Street.
Fish and chips and shops are just a stroll away to take back to the beach box and enjoy the view.
The property is offered by McEwing &amp; Partners agent Chelsey Gibson.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Well-flagged iconic bathing box on Mornington Peninsula for sale

<html><body>
The $1.25 billion Wanda Ridong Jewel development in Queensland has won the ‘Mixed-use Architecture’ category at the International Property Awards 2016 in London, after winning the Asia Pacific title earlier this year.
Jewel managing director Weimin Xu said it was an honour for the resort, currently in construction on the Surfers Paradise beach front.
He said it was recognised for its avant-garde architecture and unconventional approach.
Jewel was competing against five other projects from around the world.
It is set for completion in the first quarter of 2019.
DBI Design's Jewel architect, Barry Lee, said Jewel would be "a remarkable addition to the cityscape."
The International Property Awards program, now in its 24th year, is judged by an independent panel of 70 industry experts, who consider design, quality, service, innovation, originality and commitment to sustainability.
Jewel was competing in the category of mixed-use architecture against architectural structures including Brussels’ Le Toison D’or, London’s 17 Echo St, Umhlanga’s Oceans, Al Zorah’s Resorts, and Manhattan’s 35XV.
</body></html>

Jewel Gold Coast Residences named world’s best at International Property Awards

<html><body>
A residential block of land at Tangalooma in Queensland will go to auction next month without a reserve.
“It’s a great chance for a buyer to purchase a property for what they see as the real value, rather than the vendor’s perceived value,” said Tony O’Doherty of Ray White East Brisbane, who is marketing the property along with colleague Frank Lombardi.
“The price will be dictated by the market. It could sell on the first bid; if somebody bids just once, it will be sold on January 20.
“For somebody who really wants to be on Tangalooma, there will never be another opportunity like this.”
The 496 square metre vacant block at <a href="https://www.realestate.com.au/property-residential+land-qld-tangalooma-201669330" target="_blank">12 Triton Street</a> is elevated, offering views across Moreton Bay to Brisbane and the North Coast.
Tangalooma is a resort on the west side of Moreton Island, with residential dwellings for its 300-plus population.
Tangalooma is 75 minutes from Brisbane on the ferry.
The offering has plans approved in 2009 for a holiday home.
“The current owners are a couple who purchased the property with their parents to build a holiday home but unfortunate circumstances have forced them to shelve their dreams, making way for someone else to instead see their dream come to life,” O’Doherty said.
He noted that there have been controversial ‘no reserve’ auction campaigns in the past, whereby other agents have misled buyers, with the properties sometimes being passed in at the end of the day and not actually selling, but he said this ‘no reserve’ auction was the real deal.
“In this particular case it means there will be a sale – there’s a 100% guarantee that if there’s a bid the property will be sold,” he said.
The property will be auctioned at 10.30am on Friday, January 20 on Level 26, 111 Eagle Street, Brisbane.
A nearby block at <a href="https://www.barrymyattrealty.com.au/Property/Detail?property_id=426736" target="_blank">10 Triton Street</a> is listed at $199,000.
A three level house at 2 Triton Street is listed at $700,000 plus.
It is marketed as a holiday letting for $3,500 off peak or $5,000 peak per week or as a full time rental at $1,500 per week.
"Plus take advantage of not having to pay stamp duty due to it being an island," <a href="https://www.realestate.com.au/property-house-qld-moreton+island-118029495" target="_blank">listing agent Teri Maguire said</a>.
</body></html>

No reserve auction for Tangalooma, Moreton Island residential block

<html><body>
The most viewed properties on realestate.com.au in 2016 were dream homes near the beach or million dollar mansions with water views.
Size and price seemed to be a key factor when it came to property voyeurism.
A Mermaid Beach Queensland offering headed the top 10 most viewed properties on realestate.com.au from 1 January to 30 November 2016.
1. Mermaid Beach, QLD
The most viewed home on realestate.com.au this year was a Mermaid Beach property designed by architect Bayden Goddard.
The <a href="https://www.propertyobserver.com.au/https://www.realestate.com.au/sold/122480410" target="_blank">large home</a> has six bedrooms, six bathrooms, along with luxury features such as a steam room, a garage for 11 cars, a double height glass atrium and a teppanyaki pavillion.
he 2833 square metre beachfront sold for $25 million in October.
It has been viewed more than 445,061 times. 
Tidemark was the Mermaid Beach home of the Billabong executive Scott Perrin.
It sold to the Caulfield Rich Lister Manny Stul, the owner of the company behind the Shopkins toy craze, and wife, Jaqui.
He was the first Australian to be named Ernst &amp; Young World Entrepreneur of the Year.
Stul is the executive chairman of Melbourne-based Moose Enterprises.
Selling agent Michael Kollosche said the sale was the culmination of five months marketing.
A Chinese buyer had agreed in June to pay $27.8 million but the deal faltered on foreign investment issues.
The Perrin price is not a record residential sale for the Gold Coast.
In 2008 BreakFree founder Tony Smith sold an uncompleted mansion in Hedges Avenue to later-failed internet whiz Daniel Tzvetkoff for $27 million.
2. Rose Bay, NSW
Designed by Peter Janks and David Walker, this <a href="https://www.propertyobserver.com.au/https://realestate.com.au/121975122" target="_blank">five-bedroom home</a> offers views of Sydney Harbour along with a large pool, home cinema, sauna, garage for eight cars and a gym.
<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/2016/12/22/House-2.jpg" alt="">
The trophy home remains on the market. The 19 Bayview Hill Road offering is the harbour side mansion of billionaire Brett Blundy who bought the home in 2013 for $33 million and settled in February this year before relisting it in the same month.
Currently on the market with Pillinger Double Bay and co-agency McGrath's Hamish Robertson, the home had initially hit the market in February with hopes of $45 million.
3. Adelaide, SA
A 1890s Victorian Gothic home in Adelaide that retains heritage features was the third most viewed. It is for sale at $4.75 million.
St Corantyn, an old time, but now restored Adelaide CBD trophy home, overlooks Victoria Park. It has been the home to some noteworthy South Australians, including the late 1920s Lord Mayor, Sir John Boynthon.
The 1890s East Terrace house, once known as Eothen, was listed by Discount City Carpets managing director Martin Williams and his wife Gill.
They paid $802,888 for the property in 1993 and are selling after some two decades of renovations.
It has six bedrooms, four bathrooms, a grand hall, billiard room with bar, home office, gym, outdoor kitchen and a spa. All thoroughly modern that when it was built by architect George Klewitz Soward for his sister and her husband.
Listing agent Steve Meins of Ouwens Casserly Adelaide suggested city land can be around $3000 per sqm, which places the 1727 sqm land value alone at around $5.2 million.
It comes with the ornate plaster roses, leadlight bay windows, hand-carved timber detailing and high ceilings at 263 East Terrace.
<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/2016/12/22/House-3.jpg" alt="">
The <a href="https://www.realestate.com.au/property-house-sa-adelaide-122554626" target="_blank">property</a> has been modernised and now includes contemporary features such as an outdoor kitchen.
4.  Warrandyte, VIC
A Warrandyte <a href="https://www.propertyobserver.com.au/https://www.realestate.com.au/sold/122831914" target="_blank">trophy home</a> sold for $3.35 million through Barry Plant in August. Its location enjoys convenient access to well-regarded local schools, bus transport, Warrandyte eateries, The Pines Shopping Centre, the Eastern Freeway and Yarra River bike paths.
<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/2016/12/22/House-4.jpg" alt="">
The five-bedroom, six-bathroom home with a floating staircase, open plan living and a large pool also has floor-to-ceiling windows which make the most of the picturesque views.
5. Sovereign Islands, QLD
Coming in at number five, was a <a href="https://www.realestate.com.au/property-house-qld-sovereign+islands-122269482" target="_blank">Sovereign Islands home</a>, Villa Blue Waters that was a finalist on Foxtel's Australia's best home series.
<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/2016/12/22/House-5.jpg" alt="">
The six-bedroom home comes with nine bathrooms along with a garage for at least eight cars, a home cinema with candy bar, a custom-made glass elevator, granite cocktail bar and a teppanyaki cabana.
This 1950 square metre property is still on the market having been listed in 2015. 
It's the glamourous Paradise Point property last bought for $3.45 million in 2013 from Christian Ainsworth.
Villa Blue Waters had previously traded in 2010 for $7.2 million when sold by Gary McPherson.
With a 1950 sqm waterfront holding, the estate boasts a 64 metre straight line private marina frontage and a 70 metre super yacht marina berth, the largest in Queensland.
The are nine bathrooms and five kingsize bedrooms.
The property features a Versace Italian mosaic hydrotherapy room, a Turkish plunge spa and a waterfront gymnasium.
There's a floating helipad for those celebrity landings that presumably rattles the Swarovski crystal chandeliers. 
6. Hamilton, QLD
<a href="https://www.realestate.com.au/property-house-qld-hamilton-122160486" target="_blank">Ruhamah</a> is a charming Queenslander at Hamilton in Brisbane with modern touches that is now for sale through Sotheby's International for the first time in over 25 years.
<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/2016/12/22/House-6.jpg" alt="">
The six-bedroom home sits on a 4258 square metre block and includes two formal dining rooms, a billiards room, chandeliers, pressed-metal ceilings, a kitchen and butler’s pantry, tennis court, pool and underground parking for seven cars.
7. Henley Beach, SA
This <a href="https://www.propertyobserver.com.au/https://www.realestate.com.au/sold/121933550" target="_blank">charming home</a> looks like a classic Adelaide sandstone on the outside but includes a modern extension out the back with a contemporary pool and entertaining area.
<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/2016/12/22/House-7.jpg" alt="">
There is a large cellar with a glass roof that can be viewed from above in the large open-plan kitchen and living area at the back of the property at 490 Seaview Road.
The four-bedroom Henley Beach home sold for $1.45 million in September through Toop &amp; Toop.
8. Ascot, QLD
A <a href="https://www.realestate.com.au/property-house-qld-ascot-122627518" target="_blank">designer home</a> in Ascot sat 8th on the list. Perched high on Bartley's Hill, 10 Morgan Street was designed for the current owners by Brisbane architect James Forbes. It is listed through Matt Lancashire at Ray White New Farm.
<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/2016/12/22/House-8.jpg" alt="">
Set over three levels, this five-bedroom home sits on a 912 square metre block.
9. Ascot, QLD
Another in Ascot, a <a href="https://www.realestate.com.au/property/27-sutherland-ave-ascot-qld-4007" target="_blank">six-bedroom home</a> sold in March for $8.6 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/12/22/House-9.jpg" alt="">
The Hamptons-style home has an outdoor kitchen and entertaining area next to the large pool and spa.
10 Brighton, VIC
Rounding out the top 10 list was a recently built chateau-style <a href="https://www.realestate.com.au/property-house-vic-brighton-122729070" target="_blank">home</a> in the bayside Melbourne suburb of Brighton. It came with the limestone, chandeliers and manicured garden areas, but has struggled to find a buyer.
<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/2016/12/22/House-10.jpg" alt="">
The luxury five-bedroom home sits on an 1182sqm block at 10 Glyndon Avenue.
It was the 10th most viewed property on realestate.com.au in 2016 with more than 280,980 views. It remains listed through Sotheby's International.
</body></html>

Realestate.com.au's most viewed home listings of 2016 revealed

<html><body>
Melbourne has narrowly pipped Sydney in 10 year growth for house prices, according to the latest Residex data.
But Sydney comes out on top over the decade for apartment price growth.
In the year to November 2016, Australian dwelling values saw an increase of 4.49%.
"This is above the 3.77% annual growth average since 2009, when Australia felt the effects of the 2008 GFC," said Eliza Owen, the market analyst for Onthehouse.com.au.
However she noted the growth was below the November 2015 figure of 6.63%.
<a href="https://www.propertyobserver.com.au/images/2016/12/23/Table%201.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/2016/12/23/Table%201.jpg" alt="">
The Residex data indicated the highest growth for the November quarter was in Hobart houses, where the median repeat sale value increased 2.39% in the last 3 months.
Hobart houses also had the strongest growth of the major aggregate markets in 2016, with a 6.01% increase in the year to November.
"While these figures are low relative to the double digit growth seen in 2014-15 (for example Sydney houses increased 15.71% in the year to November 2015), major Australian housing markets are likely to return to norms of single digit dwelling growth as softening economic conditions catch up with dwelling demand," Owen advised.
ACT houses increased in value over the quarter, and displayed a healthy return of 3.32% over the year.
Major Queensland and South Australia markets remained flat over the quarter, though some markets outside of the capital cities pushed up regional growth figures.
Hobart dwelling values were expected to increase over 2016 as those priced out of the Sydney and Melbourne markets looked elsewhere for affordable capital growth strategies.
The latest Residex State Market Report highlighted it was important to keep in mind that Tasmania still has geographical challenges with freight costs and labour force limitations.
"However, interstate migration to the area may increase due to the aforementioned growth factors, which would also bring new skills and services the area.
"Furthermore, as Hobart becomes more expensive due to higher interstate investment, and assuming that demand remains strong in 2017 (which it may not, given recent GDP indicators), spill-over of growth may occur in other parts of the island, such as the second largest city in Tasmania after Hobart - Launceston.
"Launceston has some solid growth fundamentals, including tertiary education institutions, shopping outlets and beautiful historical buildings which promote tourism and dwelling demand for sought-after aesthetics."
Already, 2016 has seen a 4.65% increase in Launceston house values and a 1.68% rise in unit values.
Graph 1 shows the similarity in growth cycles across the two cities, though there was a slight growth divergence between the cities toward the end of 2013.
<a href="https://www.propertyobserver.com.au/images/2016/12/23/Graph%201.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/2016/12/23/Graph%201.jpg" alt="">
The report noted Melbourne houses and units were also strong performers in the November quarter, with quarterly growth of 2.18% and 1.57% respectively.
Despite persistently high prices, Sydney houses and units were not far behind, increasing 2.18% and 1.30%.
Sydney and Melbourne continued to be popular with investors as well as overseas and interstate migrants over 2016.
According to ABS lending data from October this year, approximately 49% of new loans (excluding those for re-financing) were comprised of investors.
Part of the resurgence in investor activity may be explained by expansionary monetary policy.
In September, Sydney dwellings experienced an uplift in annual capital growth - following the August rate cut decision - while Melbourne growth continued to ease.
However, as the rate of capital gain across Melbourne has typically shown a slight lag on Sydney, Melbourne could also see growth rates pushed up in Q1 2017.
These movements are displayed in Graph 2.
<a href="https://www.propertyobserver.com.au/images/2016/12/23/Graph%202.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/2016/12/23/Graph%202.jpg" alt="">
 
Given the fragility of the Australian economy in labour and growth figures, a steady cash rate target may be expected over the first quarter of 2017, Eliza Owen tipped.
"Despite low interest rates potentially slowing the downswing in Sydney and Melbourne, a decline in government expenditure and increased mortgage rates for investors from major banks may see a steady reduction in the rate of capital gain in these markets during 2017," she added.
 
</body></html>

Melbourne pips Sydney in 10 year growth for house prices: Residex

<html><body>
A double block home on Sovereign Islands in Queensland has been sold at $5,625,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-sovereign+islands-118140479" target="_blank">47-49 Knightsbridge Parade West</a>, it is set among trees on its north/west facing holding.
It had sold at $5.2 million in 2012 to a Shanghai-born businessman and previously at $4.26 million in 2009.
It comes with an expansive sun drenched timber deck with Broadwater and Hinterland views.
The Paradise Waters offering was designed with the idea of allowing natural light and Broadwater views through a large expanse of glass and bi-fold doors.
There is a separate entry and an exit gate to the port cochere that offers plenty of car spaces along with two double lock up garages one on either side of the house.
The ground floor offers formal and informal living areas, executive study, massive gym room, powder room and a bar.
The gourmet kitchen has quality appliances, western cedar cabinetry and Italian granite tops.
<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/2016/12/21/Soverign%20Islands-2.jpg" alt="">
There is a resort style pool.
The first level has a retreat area for the kids and three other floor to ceiling marble tiled ensuited bedrooms all with balconies and Broadwater views.
One of the bedrooms also offers small kitchenette.
On the third level there is a grand master suite with a wraparound balcony.
The property was offered by Ray White agent Ali Mian.
</body></html>

Sovereign Islands double block home sold for $5,625,000

<html><body>
ASX listed Tian An Australia Limited has purchased an Enfield townhouse site in Sydney's inner west.
The 4 Mitchell Street site comprises 12,600 square metre.
It currently houses an office building and warehouse.
CBRE’s Peter Vines, Victor Sheu and Nick Tuxworth sold the property on behalf of non-profit organization, Vision Australia, for $35 million.
It attracted 26 expressions of interest from local, national and overseas property developers.
“We were expecting around $28 million for the property but the result at $35 million further underpins the need for quality residential development sites, especially in markets with little competing stock,” Vines said.
Vision Australia will stay in the property until late 2017, allowing time to decide where to relocate.
</body></html>

Vision Australia sells Enfield residential development site for $35 million

<html><body>
Cbus Property has now leased more than 40% of its $1.25 billion Collins Arch development at 447 Collins Street.
Its latest deal for almost 20,000 square metres including a third tenant for the mixed-use precinct.
Top 10 Australian law firm Gadens has secured 5,000 square metres of NLA commercial space over levels 11-13, equating to just over 10% of the 49,000 square metres available.
More than 40% of the leasing space is now committed, with Gadens joining King &amp; Wood Mallesons (KWM) and HWL Ebsworth.
KWM secured 8300 square metres across levels 23 to 27 in June, with HWL Ebsworth securing 6500 square metres across levels eight to 10 in October.
The commercial space lies in the western tower of Collins Arch.
The development will also house a five-star hotel in the eastern tower with a luxury residential component above crowned by two luxury penthouses and resident amenity linking the dual towers across Melbourne’s first sky bridge.
Taking up the entire city block between Collins Street, Williams Street, it has been designed by Woods Bagot and SHoP Architects.
<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/2016/12/20/Cbus%20Property_Collins%20Arch_view2.jpg" alt="">
Colliers national director of office leasing Andrew Beasley said the 447 Collins St address resonated internationally.
”The view south across Melbourne’s Yarra River and Port Phillip Bay and Collins Street-facing northern vista are just part of what makes Collins Arch a major drawcard,” Beasley said.
Construction has commenced on <a href="https://www.collinsarch.com" target="_blank">Collins Arch</a>, with completion due in 2019.
Expressions of interest are currently being accepted for both commercial leasing and the luxury residential apartments, including two sky bridge penthouses.
</body></html>

Collins Arch, Melbourne signs up third law firm office tenants

<html><body>
Burnie is the cheapest locality to purchase a unit in Tasmania, according to Investar’s latest report.
The property investment firm says that the median price for a two bedroom unit at Burnie is $145,000.
This is followed by East Devonport with $149,000 for a two bedroom unit and Launceston with $155,000 for a studio or one redroom apartment.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Bedrooms
</td>
<td valign="top" width="106">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Burnie
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$145,000
</td>
</tr>
<tr>
<td valign="top" width="106">
East Devonport
</td>
<td valign="top" width="106">
7310
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Launceston
</td>
<td valign="top" width="106">
7250
</td>
<td valign="top" width="106">
Studio and one
</td>
<td valign="top" width="106">
$155,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Newnham
</td>
<td valign="top" width="106">
7248
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$162,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Upper Burnie
</td>
<td valign="top" width="106">
7320
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$164,500
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-tas-burnie-115662912" target="_blank">34-47 North Terrace</a>, Burnie (above) is on the market for between $119,000 to $124,000.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-tas-burnie-123190970" target="_blank">3/70 Moody Street</a> (below) was sold recently for $150,000.
<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/2016/12/15/3_70%20Moody%20Street.jpg" alt="">
</body></html>

Burnie ranks as cheapest Tasmanian unit locality: Investar

<html><body>
The Coles supermarket in the NSW Southern Highlands town of Moss Vale has been sold to MPG Funds Management for $9.45 million.
Located at 13-19 Kirkham Street, the property comprises a 2,500 square metre freestanding Coles supermarket – the only full line supermarket servicing the catchment.
The property, which is situated on a 7,199 square metre strata title site, is currently leased to Coles until 2025, generating an estimated income of $561,547 per annum.
CBRE’s Justin Dowers and Nick Willis, who negotiated the sale on behalf of a private Victorian investor, said the sale reflected one of the strongest freestanding supermarket transactions in New South Wales this year translating to a yield of 5.9%.
MPG Funds Management’s Brett Gorman said the property’s strong tenancy profile presented an attractive addition to the MPG Retail Brands Property Trust, which targets well-known tenants on long term leases.
The sale follows the recent transaction of Dan Murphy’s in Wagga Wagga through CBRE on a 5.3% yield to a private Sydney based investor.
</body></html>

Coles in Moss Vale sells for $9.45 million

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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News