<html><body>
A buyer has purchased $14 million worth of property in a single transaction at Kokoda Property’s $119 million Ella development in Newstead, Brisbane.
The project's launch saw more than $22 million in sales transacted.
The $14 million buyer purchased a complete floor, plus three additional apartments on a separate level.
<img src="/images/2016/12/16/V25_Ella_Hero%20Exterior_.jpg" alt="">
Kokoda Property has experienced market buoyancy in recent months, fast-tracking the release of the second stage, Ella, after demand started to soar and the first building, Chester achieved 135 sales totalling approximately $95 million in just seven weeks. 
Chester was recently named the second best performing project in Brisbane in the last quarter.
Located on the corner of Chester and Ella Streets in Newstead, the project offers a round-the-clock, hotel-style concierge.
<img src="/images/2016/12/16/V27_Ella_Apartment%20Kitchen.jpg" alt="">
The project includes a rooftop space with swimming pool, spa, outdoor cinema, kitchen and barbeque areas, and golf putting greens.
There is also a private dining facility, a courtyard terrace, health and wellness centre, and gymnasium.
Kokoda Property sales and marketing director, Sam Tucker said Chester and Ella had been designed by architecture firm Hayball with interiors by Singapore Ministry of Design. 
“We wanted to offer Brisbane something it had never seen before,” said Tucker. 
<img src="/images/2016/12/16/V28_Ella_1%20Bed%20Apt%20Section.jpg" alt="">
Ella’s golden façade then has interiors featuring gold plated finishes.
The building holds 149, one, two, three, and four-bedroom dwellings. 
<img src="/images/2016/12/16/V29A_Rooftop%20Terrace_Pool.jpg" alt="">
Tucker says Kokoda Property undertook extensive research into the lifestyle on offer in Newstead to determine viability of the site.
Key drivers included a high level of lifestyle amenity with restaurants, cafes, entertainment and premium retail options, proximity to the city and access to bike and running tracks.
Combined with low vacancy rates, strong rental yield, and significant capital growth at an average of 9.7% annually for the last 10 years, this presented the perfect opportunity.
Ella’s one and two bedroom apartments range in size from 55 square metres to 82 square metres and are priced from $440,000.
Three and four bedroom penthouses range in size from 145 square metres to 197 square metres and are priced from $2.3 million.
Completion of the project is expected in 2018. Visit <a href="https://kokodaproperty.com.au">kokodaproperty.com.au</a> for more information.
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j.ballantyne1990-6AQqhLzZaK

Single purchaser splashes $14 million at Ella, Newstead luxury development

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Ouyen is the cheapest locality in Victoria to purchase a house, according to Investar’s latest report.
The property investment firm says that the current median price is $119,500 - an increase of 8% over the past year.
This is followed by Dimboola with $122,500 and Morwell with $125,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="90">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="120">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="90">
Ouyen
</td>
<td valign="top" width="54">
3490
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="120">
$119,500
</td>
</tr>
<tr>
<td valign="top" width="90">
Dimboola
</td>
<td valign="top" width="54">
3414
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="120">
$122,500
</td>
</tr>
<tr>
<td valign="top" width="90">
Morwell
</td>
<td valign="top" width="54">
3840
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="120">
$125,000
</td>
</tr>
<tr>
<td valign="top" width="90">
Red Cliffs
</td>
<td valign="top" width="54">
3496
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="120">
$130,000
</td>
</tr>
<tr>
<td valign="top" width="90">
Warracknabeal
</td>
<td valign="top" width="54">
3393
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="120">
$131,500
</td>
</tr>
</tbody></table>
A three bedroom home at Ouyen such as the one at <a href="https://www.realestate.com.au/property-house-vic-ouyen-123738234">26 Ritchie Street</a> (above) that is for sale for $119,950.
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-ouyen-124193074" target="_blank">22 Williams Street</a> (below) was sold for $130,000
<img src="/images/2016/12/15/22%20Williams%20Street.jpg" alt="">
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Ouyen the cheapest locality in Victoria to purchase a house: Investar

<html><body>
Balwyn’s high school zone still remains in high demand with five of the seven luxurious townhouses, known as Blossom sold within the first week of launch.
There were over $10 million in sales with prices ranging from $1.59 million to $2.29 million.
Blossom comprises of seven luxurious townhouses designed with home cinemas, wine cellars and expansive backyards. Chun Group general manager Michael Hermans said the buyers expect the highest of quality. All featuring four bedrooms, Blossom come with a neutral colour palette and timber flooring. 
<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/2016/12/16/blossom02.jpg" alt=""> Its backyards were designed by leading studio Acre Landscaping Architects.  Blossom is listed with Jellis Craig Projects agent Nick Elmore.
Visit <a href="https://www.blossombalwyn.com.au" target="_blank">www.blossombalwyn.com.au</a>
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Demand for Balwyn’s High School zone sees near sell out of Blossom townhouses in a week

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The Allam home building family has emerged as the mystery buyer of the 1833 Georgian Regency villa, Lyndhurst.
Regarded as one of the inner Sydney’s most historically significant homes, it sold post-auction mid-year, settling only this week at $7.5 million.
It had previously traded at $3.3 million in 2005 when bought by the stockbroker Tim Eustace and his partner Salvatore Panui.
The family headed by Barney Allam were last on the radar when they paid $4.2 million in 2011 for the 1886 Gothic Revival Bowden - also in Glebe.
Lyndhurst was the home designed by esteemed architect John Verge as a marine villa for the colonial surgeon James Bowman, the husband of the iconic pastoralist John Macarthur's daughter, Mary. 
The home was bought by the Department of Main Roads in 1972 and slated for demolition to make way for an expressway, but saved at the last minute due to agitation by the Save Lyndhurst Committee, a Builders Labourers Federation green ban and a change of state government.
Eustace and Panui bought another historic inner city landmark, Iona, for around $16 million from entertainment industry couple Baz Luhrmann and Catherine Martin.
They outsmarted the art collector John Schaeffer who was furious at missing out on Iona when it was offered through Michael Pallier at Sothebys.
Schaeffer has instead bought a Bondi Beach sub-penthouse for $7 million. Eustace and Panui bought another historic inner city landmark, Iona, for around $16 million from entertainment industry couple Baz Luhrmann and Catherine Martin.
Founded in Penrith in 1991, the Allam Property Group has grown to become one of Sydney’s largest residential home builders.
The article first appeared in The Sunday Telegraph.
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Allam home builders buy Glebe's Lyndhurst

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Keysborough is the top winner as fastest growing locality in Victoria for houses, according to Investar’s latest report.
The property investment firm says that median prices for houses in Keysborough has increased by 30% over the past year.
This is followed by Springvale with 25% and Richmond with 20%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="74">
Suburb
</td>
<td valign="top" width="54">
Bedrooms
</td>
<td valign="top" width="65">
1 year change
</td>
<td valign="top" width="65">
Median price
</td>
</tr>
<tr>
<td valign="top" width="74">
Keysborough
</td>
<td valign="top" width="54">
3
</td>
<td valign="top" width="65">
30%
</td>
<td valign="top" width="65">
$680,000
</td>
</tr>
<tr>
<td valign="top" width="74">
Springvale
</td>
<td valign="top" width="54">
3
</td>
<td valign="top" width="65">
25%
</td>
<td valign="top" width="65">
$600,000
</td>
</tr>
<tr>
<td valign="top" width="74">
Richmond
</td>
<td valign="top" width="54">
2
</td>
<td valign="top" width="65">
20%
</td>
<td valign="top" width="65">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="74">
Doncaster
</td>
<td valign="top" width="54">
4
</td>
<td valign="top" width="65">
20%
</td>
<td valign="top" width="65">
$1,200,000
</td>
</tr>
<tr>
<td valign="top" width="74">
Mornington
</td>
<td valign="top" width="54">
3
</td>
<td valign="top" width="65">
17%
</td>
<td valign="top" width="65">
$680,000
</td>
</tr>
</tbody></table>
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-keysborough-124021390" target="_blank">22 Leanne Crescent</a> (above) was sold for $683,000.
A house at <a href="https://www.realestate.com.au/property-house-vic-keysborough-124068114" target="_blank">23 Bundeena Avenue</a> (below) is on for sale for between $720,000 to $790,000.
<img src="/images/2016/12/15/23%20Bundeena%20Avenue.jpg" alt="">
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Keysborough is the fastest growing locality in Victoria for houses: Investar

<html><body>
Nightcliff is the cheapest locality in the Northern Territory to purchase a unit, according to Investar’s latest report.
According to the property investment firm, the median unit price at Nightcliff has fallen by 22% from $270,000 to $210,000.
This is followed by Sadadeen with $239,000 and Gillen with $272,500.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="83">
Suburb
</td>
<td valign="top" width="57">
Postcode
</td>
<td valign="top" width="85">
Bedrooms
</td>
<td valign="top" width="113">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="83">
Nightcliff
</td>
<td valign="top" width="57">
0810
</td>
<td valign="top" width="85">
Studio and one
</td>
<td valign="top" width="113">
$210,000
</td>
</tr>
<tr>
<td valign="top" width="83">
Sadadeen
</td>
<td valign="top" width="57">
0870
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="113">
$239,000
</td>
</tr>
<tr>
<td valign="top" width="83">
Gillen
</td>
<td valign="top" width="57">
0870
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="113">
$272,500
</td>
</tr>
<tr>
<td valign="top" width="83">
The Gap
</td>
<td valign="top" width="57">
0870
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="113">
$279,000
</td>
</tr>
<tr>
<td valign="top" width="83">
Alice Springs
</td>
<td valign="top" width="57">
0870
</td>
<td valign="top" width="85">
2
</td>
<td valign="top" width="113">
$288,000
</td>
</tr>
</tbody></table>
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-nightcliff-122730030" target="_blank">25/5 Poinciana Street</a> (above) is for sale for $215,000.
A one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nt-nightcliff-122612122" target="_blank">12/6 Poinciana Street</a> (below) was sold for $215,000.
<img src="/images/2016/12/15/12_6%20Poinciana%20Street.jpg" alt="">
</body></html>

Nightcliff cheapest locality in NT to buy a unit: Investar

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Traralgon is the cheapest locality in Victoria to purchase a unit, according to Investar’s latest market report.
The property investment firm says that the median price for a one bedroom or studio unit in Traralgon is $114,500.
This is followed by ­Moe with $148,500 and Mooroopna and Mildura with $149,000, all of which are for two bedroom units.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="83">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="88">
Bedrooms
</td>
<td valign="top" width="113">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="83">
Traralgon
</td>
<td valign="top" width="54">
3844
</td>
<td valign="top" width="88">
Studio and one
</td>
<td valign="top" width="113">
$114,500
</td>
</tr>
<tr>
<td valign="top" width="83">
Moe
</td>
<td valign="top" width="54">
3825
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$148,500
</td>
</tr>
<tr>
<td valign="top" width="83">
Mooroopna
</td>
<td valign="top" width="54">
3629
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="83">
Mildura
</td>
<td valign="top" width="54">
3500
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="83">
Morwell
</td>
<td valign="top" width="54">
3840
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$152,500
</td>
</tr>
<tr>
<td valign="top" width="83">
Numurkah
</td>
<td valign="top" width="54">
3636
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$154,500
</td>
</tr>
<tr>
<td valign="top" width="83">
Newborough
</td>
<td valign="top" width="54">
3825
</td>
<td valign="top" width="88">
2
</td>
<td valign="top" width="113">
$155,000
</td>
</tr>
</tbody></table>
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-124117462" target="_blank">2/4 Murphy Crescent</a> (above) is for sale for $115,000.
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-traralgon-123699014" target="_blank">12/18 Gwalia Street</a> (below) is for sale for $110,000.
<img src="/images/2016/12/15/12_18%20Gwalia%20Street.jpg" alt="">
</body></html>

Traralgon the cheapest locality in Victoria to buy a unit: Investar

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Peterborough is the cheapest locality in South Australia for homes, according to Investar’s latest report.
The property investment firm says house prices had increased by 1% the median price is $110,000.
Coober Pedy a $112,000 was the next cheapest in SA.
<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">
Peterborough
</td>
<td valign="top" width="106">
5422
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$110,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Coober Pedy
</td>
<td valign="top" width="106">
5723
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$112,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Pirie
</td>
<td valign="top" width="106">
5540
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$144,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Whyalla Norrie
</td>
<td valign="top" width="106">
5608
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$155,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Augusta
</td>
<td valign="top" width="106">
5700
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$159,500
</td>
</tr>
</tbody></table>
A three bedroom home at Peterborough at <a href="https://www.realestate.com.au/property-house-sa-peterborough-122716610" target="_blank">54 South Terrace</a> (above) is for sale for $110,000.
A three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-sa-peterborough-121734778" target="_blank">42 Wright Street</a> (below) sold for $105,000.
<img src="/images/2016/12/15/42%20Wright%20Street.jpg" width="650">
</body></html>

Peterborough the cheapest place in SA to buy a home: Investar

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Queenstown is the cheapest locality in Tasmania to purchase a house, according to Investar’s latest report.
The property investment firm says that despite an increase of 7% the median price at Queenstown is $74,500.
This is followed by Zeehan with $78,500 and Rosebery with $93,000.
<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">
Queenstown
</td>
<td valign="top" width="106">
7468
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$74,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Zeehan
</td>
<td valign="top" width="106">
7469
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$78,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Rosebery
</td>
<td valign="top" width="106">
7470
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$93,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Herdsmans Cove
</td>
<td valign="top" width="106">
7030
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$135,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Gagebrook
</td>
<td valign="top" width="106">
7030
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$140,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mayfield
</td>
<td valign="top" width="106">
7248
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$147,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Ravenswood
</td>
<td valign="top" width="106">
7250
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Waverley
</td>
<td valign="top" width="106">
7250
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$149,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Clarendon Vale
</td>
<td valign="top" width="106">
7019
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$150,000
</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">
$165,000
</td>
</tr>
</tbody></table>
A two bedroom house such as the one at <a href="https://www.realestate.com.au/property-house-tas-queenstown-124249818" target="_blank">10 Harvey Street</a> (above) is for sale for $75,000.
A two bedroom home at <a href="https://www.realestate.com.au/sold/property-house-tas-queenstown-122946466" target="_blank">2 Knox Street</a> (below) sold for $54,000.
<img src="/images/2016/12/15/2%20Knox%20Street.jpg" alt="">
</body></html>

Despite 7% increase Queenstown, Tasmania still the cheapest: Investar

<html><body>
Global real estate investment manager, Cromwell Property Group (Cromwell) has secured 15 leases at its flagship Northpoint Tower, signalling office space at its $130 million redevelopment is in high demand.
The raft of recent deals has been driven by both existing tenants keen to secure space ahead of the redevelopment completion in 2018.
There are also new businesses wishing to relocate to the increasingly popular North Sydney precinct predominately from businesses in the professional services and finance industry.
The most recent leases with Ignition Wealth and Sun Label follows a string of previous transactions with SJD Investment, Swisswork and Anderson IT, and existing tenants Secure Parking, Red Hat and Insurance Advisor.
Damian Horton, Cromwell Head of Property, said the flow of recent deals indicated vacant space at Northpoint would quickly fill up in coming months now demolition at the site is complete and construction commenced.
Ignition Wealth, a leading robo-advice solution provide, has signed a five-year lease for 340 square metres on level 17 which commences on 1 December.
The tenant will move from its existing tenancy two blocks away.
“Another new tenant, Sun Label, loved the building and location, and particularly the views over the Sydney Harbour from level 39.”
Cromwell has also secured a five-year lease extension to 2021 with Red Hat, a leading provider of software solutions.
The tenant has taken on additional space to a total of 760 square metres.
Insurance Advisor and Secure Parking have also renewed their leases, with Insurance Adviser taking on additional space on level 31.
Located on the corner of Miller Street and Pacific Highway, the redevelopment will feature the 187 room Vibe Hotel North Sydney as well as an eat-street and roof-top bar concept to service the ever-growing professional population of North-Sydney.
Construction of the integrated, three-level façade commenced in September.
Leasing opportunities in the retail façade for sophisticated dining, specialty retail and food outlets were launched recently by Colliers International and Property Partnership Australia.
</body></html>

Cromwell’s Northpoint North Sydney attracting tenants to take 2018 office occupancy

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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