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TOGA has sold all 13 apartments in its new Double Bay development; ahead of the sales suite opening to the public.
The Hunter is a $50-million boutique-style development located on Cross Street.
The buyers were from its registered database of clients.
They sold within a fortnight of pre-marketing.
TOGA Development &amp; Construction Chief Executive Officer, Fabrizio Perilli said 10 of the 13 apartments sold to owner occupiers.
Double Bay’s newest luxury address will be anchored by a boutique ground-floor retail precinct with a mix of cafes, restaurants and wine bars in a nod to Double Bay’s European character.
The JPR Architects-designed building will feature a contemporary terraced facade with shuttered balconies above the retail precinct to create a European-inspired connection between the private and public domain.
Construction at is scheduled to commence in mid-2017 with completion expected in early-2019.
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TOGA sells out The Hunter at Double Bay

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An estate on Canberra’s Golden Mile Red Hill is up for sale. It last sold a decade ago at $3.65 million.
Located at <a href="https://www.realestate.com.au/property-124090518">18 Mugga Way</a>, the property dates back the 1920s and 30s as a popular venue for tennis parties.
It is a 5244 sqm property with the house designed by celebrated architect Kenneth Oliphant and Oakley Parkes &amp; Partners.
The house offers a reception hall, a richly detailed lounge and dining rooms both with open fireplaces.
The beautifully designed, light and bright kitchen leads to a spacious meal and family rooms with a substantial games room with sunny aspect.
There is also an elegant study of classical proportions.
It comes with a master suite and an additional four bedrooms and three bathrooms.
The garden includes English Oak, Liquid Amber, Atlantic Cedar and a sensational weeping cherry. Ornamental walnut and additional native species
The property is secured with an electronic security gate with a sweeping circular drive lined with Evergreen Alders to its four car garage.
The property is offered by Berkely Residential agent Bill Lyristakis.
It features a swimming pool with diving board and full-size tennis court.
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Red Hill estate on Canberra's Golden Mile listed

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Home buyers and sellers will now be more informed during the settlement process, thanks to a new online directory that increases accountability and transparency in the conveyancing industry.
Launched by information provider GlobalX, OzConveyancers enables property consumers to locate property settlement professionals, review their experience, compare prices, and access stamp duty information all on one online platform.
GlobalX CEO Peter Maloney said OzConveyancers is Australia’s largest online directory of registered conveyancers, and is completely free.
“OzConveyancers.com.au provides simple, geographically-targeted information to consumers, helping them find the most appropriate, best-priced conveyancer in their local area,” said Mr Maloney.
“It also allows Australia’s 6,000+ conveyancers to list their business online for free, be searchable at any time, and in direct contact with property consumers in their region,” he said.
OzConveyancers Product Manager Nippa Ekanayake said the new website filled a gap for professionals, and buyers and sellers.
“We’ve known for some time that there is a lack of information and accessible technology available for people in the initial stages of buying and selling a home,” Mr Ekanayake said.
“Sure, conveyancers provide valuable information on available searches and help ease the settlement process, but these insights come after someone has engaged a legal professional to represent them.
“The benefit to consumers is <a href="https://ozconveyancers.com.au/" target="_blank">Ozconveyancers.com.au</a> is a one-stop-shop for conveyancing information.
This allows users to easily compare local businesses to find the best deal without any fees, or commissions paid to our organisation.”
OzConveyancers currently profiles more than 2,500 conveyancers who can list their business at no cost for increased market exposure.
“Most Australian conveyancing businesses are very small; they don’t have an online presence nor time for marketing, so, by offering a free listing on the site we’re boosting their accessibility and credibility, as well as delivering more decision-making information to the consumer,” Mr Ekanayake said.
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Property 101: GlobalX launch OzConveyancers

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Urban renewal projects, such as the RNA Brisbane Showgrounds redevelopment are changing the face of the Brisbane fringe precinct. 
The Brisbane fringe office market comprises the five precincts - Urban Renewal (Fortitude Valley, Newstead and Bowen Hills, Herston), Inner South (South Brisbane, West End, Woolloongabba, Kangaroo Point, East Brisbane and Greenslopes), Milton, Spring Hill and Toowong and contains approximately 1.2 million square metres of lettable office space, according to Savills latest quarterly briefings.
<a href="/images/2016/11/05/Brisbane%20precinct.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/05/Brisbane%20precinct.jpg" alt="">
There are approximately 135,000 square metres of potential new office stock which could enter the Fringe office market over the next two to three years but for the present, the only office buildings under construction in the city fringe is the Southpoint development and 900 Ann St, totalling around 47,000 square metres.
The table below shows the projects under construction and those that may proceed in the medium term:
<a href="/images/2016/11/05/Brisbane%20office%20development.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/05/Brisbane%20office%20development.jpg" alt="">
Of the two remaining commercial stages planned for the RNA Brisbane Showgrounds redevelopment ‘Kings Street’, K2 remains mooted however construction on K5 is expected to begin in early 2017. In recent months, Lendlease has reportedly secured engineering company Aurecon as a major tenant, who have pre-committed to approximately 6,000 square metres.
The planned 13-level office building K2 remains in early planning stages, with construction mooted to begin mid-2017. Along with K1, the three office towers will total over 50,000 square metres net lettable area.
CDOP7 (Coronation Drive Office Park 7) while still mooted, will be the 7th commercial building within the Milton Office Park with a 12-level commercial tower, including ground level retail and an urban common area. Included in the proposal is the possibility of refurbishing a building (CDOP 09) adjacent to the site.
Tatt’s Group has on sold its 3,254 square metre Newstead site to Charter Hall who plan to build a 15-level commercial building in a joint venture with John Holland.
John Holland have also pre-committed to two floors of the new development which is expected to commence construction in the first half of 2017.
Completion is anticipated to be sometime before 2020, in line with John Holland’s current lease expires in Ann Street.
Urban renewal projects, such as the RNA Brisbane Showgrounds redevelopment are changing the face of the fringe precinct.
Along with numerous residential projects, urban renewal developments bring with them retail and café outlets as well as parks, path- &amp; bike-ways, vastly improving the amenity of the area.
This in turn is making the fringe a more attractive place for businesses to locate.
The overall office footprint of metropolitan Brisbane is also slowly expanding into neighbouring suburbs of the Fringe market, with the likes of the Hamilton Harbour and the Northshore Hamilton Brisbane Technology Park development, offering alternative modern office locations.
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Office footprint of metropolitan Brisbane slowly expanding into neighbouring suburbs: Savills

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Colliers International's national director of workplace strategy and design Peter Black recently participated in a panel discussion about flexible working space at Charter Hall's recent in-house workplace forum held in Sydney.
Here are some excerpts.
1. Core space vs. flexible space
Organisations are looking to minimise the work space they rent. They are now looking at "core space" and "flexible space".
Core space is defined as the minimum required for the business to function efficiently with no excess space for expansion or for specific project or seasonal work.
This is the space they will rent on a longer term lease. Flexible space is space available for their use but only rented on an as-needed basis.
This could be project space, gathering spaces for quarterly or monthly team meetings, meeting space that has specific high tech requirements or collaborative spaces.
It could even be space that is shared with startups or small tech firms that staff are deliberately rotated through to encourage cross pollination and ideas exchange.
The flexible space is located in the same building or precinct and is bookable on a daily, hourly or longer term basis.
A lot of developers are including this sort of space in their buildings. In fact, a lot of occupiers won't consider a building unless it has flexible space available.
2. Real time space adjustment
Do smaller users of space, say sub 1,000 square meter users, really need or even want to permanently rent space?
Or will they just use flexible space fitted out and maintained by a third party?
They can reduce their financial exposure and risk by renting exactly how much space they need, adjusted in real time.
So if someone leaves or only works part time, they give back the space. If someone comes on for a week or two they rent the space for only that time.
3. Shared "come home" space
Will increasing flexible working arrangements and mobile styles of working mean that some organisations will share their "core space" with other like-minded organisations?
An example would be management consultants.
Consultants spend most of their time with their clients and generally will have only one day a week where they "come home" for training, mentoring and maintenance of the corporate culture.
If they have Friday as a "come home day" why not share the space with another organisation that has Monday as a "come home" day and pay half the rent?
Taking this into account, developers and building owners will need to be significantly more flexible about lease terms, how they manage their commercial real estate and the sorts of facilities they offer occupiers.
As flexible space continues to become part of the accommodation brief for occupiers, landlords will need to demonstrate how they meet the occupiers brief for core space and flexible space.
New valuation metrics will have to be developed to account for space that is occupied on a short term basis but adds value to the occupiers of longer term leases.
An increasing number of occupiers are transitioning to a business model that is technology driven and would like to see themselves as tech companies with the same agility as a start-up.
Landlords can help in this transition by providing flexible spaces that are incubators or accelerator spaces with links to universities or other innovation hubs.
Make no mistake, we are in the middle of a profound shift in the way occupiers are looking at their space needs. Landlords that don’t listen to their clients or adapt do so at their own peril.
Colliers will be talking a lot more about flexible working space next year so watch this space.
*The views expressed in this article are of Peter Black and not necessarily Charter Hall's.
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Three thoughts about flexible working space today: Peter Black

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A new concept in commercial property is offering small businesses and investors the chance to enter the commercial market.
The low price of M-SPACE units, being built across Queensland, encourages entrepreneurs and tradies to move their businesses out of their garage or ute.
They get warehouse space plus mezzanine office.M-SPACE units can be used as offices, showrooms or storerooms and most come complete with kitchen and bathroom facilities and private hardstands.
Developments are being rolled out in Greater Brisbane at Wynnum, Cleveland and North Lakes, as well as Townsville.
M-SPACE development manager Hamish Jackson said the units were targeted at a large untapped market, with half the units at Wynnum already under contract.
“Many small business people and tradies struggle to operate out of their garage or the cabin of their ute.
But the high price of commercial property puts them off growing into new premises,” Mr Jackson said.
“Our units are designed and priced specifically for small businesses, start-ups, and mum and dad operators."
It is also tempting investor buyers who can’t afford to enter the residential property market to invest in commercial units instead.
The units are most price from $279,000 through David Gibson of commercial agent Colliers International, <a href="https://www.colliers.com.au/27089/">though some are priced at $120,000</a>. 
Owner of Pure Fresh Water, David James said he bought the largest unit in Wynnum to accommodate his small business.
“I have been paying rent in the shop for six years and now I will pay rent to myself,” Mr James said.
“I will own the unit so there’s a superannuation benefit for me as well.”
For more information visit <a href="https://m-space.worldsecuresystems.com/" target="_blank">https://m-space.worldsecuresystems.com</a>
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Start-ups quit their garages for M-SPACE in Queensland

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Respondents to a new survey from the Australian Property Institute believe residential property in Sydney and Melbourne is reaching the top of the property cycle and markets will remain in a similar position in Melbourne for a further 12 months and in Sydney for another two years.
The majority of respondents believe that interest rates will remain at similar levels for the next year, and be higher in 3 years. They also believe that foreign investment will be at similar levels for the six months, but uncertain of levels over the longer term.
<a href="/images/2016/12/07/Chart-1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-1.jpg" alt="">
Mike Zissler, API chief executive officer, said a common view among respondents is that overall, demand is outperforming supply, ensuring residential markets remain strong.
<a href="/images/2016/12/07/Chart-2.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-2.jpg" alt="">
“Ninety-two per cent of survey respondents see low interest rates as a significant to very significant driver of Sydney residential property demand and prices," he said.
"The second most significant driver is supply, with 91 percent seeing it as significant to very significant.
<a href="/images/2016/12/07/Chart-3.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-3.jpg" alt="">
“In Melbourne, the two main drivers for residential property demand and prices are low interest rates (with 95 percent of respondents seeing them as a significant to very significant driver) and foreign investment (with 91 per cent of respondents seeing it as a significant to very significant driver).
<a href="/images/2016/12/07/Chart-4.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-4.jpg" alt="">
“Brisbane is similar to the Sydney market, with 95 percent of respondents seeing low interest rates as significant or very significant, and therefore the main driver of demand and prices in the city. Supply is considered the second most significant driver, with 80 per cent seeing it as significant to very significant.
“We also asked respondents about the drivers of demand in Perth. Low interest rates are again considered the most significant driver of demand and prices, however this view is not as strong as in the other cities, with 80 per cent seeing it as a significant or very significant driver.
“Results were split for Sydney, with 58 percent of respondents indicating residential property is in or is entering a bubble, while 42 percent indicate it is not in a bubble.
“Respondents were fairly certain of a bubble in the Melbourne market, with 86 percent of respondents indicating residential property is in or is entering a bubble, while 14 percent believe it is not in a bubble.
<a href="/images/2016/12/07/Chart-6.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-6.jpg" alt="">
“For Brisbane, 42 percent of respondents indicate that residential property is not in a bubble, 52 percent indicate that it is in or is entering a bubble and 5 per cent are unsure.
<a href="/images/2016/12/07/Chart-7.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/07/Chart-7.jpg" alt="">
"For Perth, respondents are more certain, with 90 percent indicating residential property is not in a bubble."
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Prices staying at top of property cycle: Australian Property Institute's property directions survey 

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Raby, Surry Hills, Mount Annan. It's not just harbourfronts that set fresh price records across Sydney during the blockbuster spring selling season.
Stellar prices have been paid in suburbs north, south, east and west, all caught in the wave that sees Sydney's annual price growth at 13 percent higher than the same time last year.
Another record price seems likely tomorrow when a lavish Abbotsford home goes to auction having been listed by spiritual healers Mina and Yvon Attia.
Waterfront homes continue to carry the required cache for record prices, but they needn't look out onto the Sydney Harbour Bridge. 
A six bedroom waterfront at <a href="https://www.realestate.com.au/sold/property-house-nsw-sans+souci-123847178" target="_blank">Sans Souci</a> smashed the suburb record when it sold last month for $9,105,000, bettering the previous record by over $3 million.
McGrath agent Liam Tsaprazis secured the sale of the home, complete with boating facilities including a slipway.
The four level home with views of Kogarah Bay features a state of the art cinema. Plus pool and spa.
<a href="https://www.realestate.com.au/sold/property-house-nsw-mount+annan-123959490" target="_blank">Mount Annan</a> has just seen its first sale over $1 million.
<img src="/images/2016/12/07/Mount%20Annan.jpg" alt="">
The six bedroom home opposite Mount Anna Botanic Gardens fetched $1.07 million when it sold last month.
A granny flat sits on the large 1,187 sqm parcel.
A grand family residence with six living areas in <a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-nsw-raby-123754354" target="_blank">Raby</a> has fetched $1.36 million, its first sale since 1986 when it traded for $64,000.
Set on a vast 5,356 sqm block, the grand family residence has six bedrooms, three bathrooms and a salt water swimming pool. 
Of course Altona, one of Sydney's most iconic trophy homes, fetched just over $60 million in a recent deal, beating its own prior suburb record when it sold for $52 million in 2013.
It ranks as second place in Australia's most expensive homes, behind James Packer's hillside Vaucluse home, La Mer, that sold for $70 million last year.
A <a href="https://www.realestate.com.au/sold/property-house-nsw-drummoyne-123306226" target="_blank">Drummoyne</a> waterfront set a suburb record when it sold for $8.05 million in September.
The four bedroom home, that last traded for $1.5 million in 1998, was advertised by Ward Partner's agent Matthew Ward for potential buyers to "start preparing to host a New Year's Even party."
North of the bridge the Berlin-bound Justin Reizes, who recently retired as head of equities giant Kohlberg Karvis Roberts, set the <a href="https://www.realestate.com.au/sold/property-house-nsw-northbridge-123307134" target="_blank">Northbridge</a> record again when he sold his home for $15.25 million.
He set the record in 2008, which has stood until its recent sale, when he bought the six bedroom, five bathroom home for $9.08 million. 
The Coolawin Road home is set on a private beach with a boatshed and pontoon on 1700 sqm. 
It's actually the third time the home has set the record, having sold for $7.13 million in 2003 by the Salteri family.
Not far away a five bedroom luxury home in <a href="https://www.realestate.com.au/sold/property-house-nsw-middle+cove-123750414" target="_blank">Middle Cove</a> broke the suburb record when it sold under the hammer for $4,315,000 through local agent Mark O'Brien.
The 2010 build with a heated swimming pool and sunken eight person spa is the first in the suburb to surpass the $4 million mark, blitzing the previous $3,575,000 set in 2008.
There were no suburb records for Mosman this spring, however they did achieve their highest auction sale ever when a Morella Road home sold for $14.5 million.
Set overlooking Chowder Bay home on Sydney's lower north shore it was bought for $14.5 million by a Chinese-origin buyer with residency. 
Non-waterfront homes are also setting records across the city.
A home in Kyle Bay broke the suburb record for a non-waterfront when it sold for $3.78 million.
Set on 1,012 sqm, the five bedroom home captures a vista across <a href="https://www.realestate.com.au/sold/property-house-nsw-kyle+bay-123482798" target="_blank">Kyle Bay</a> from its three levels and infinity pool.
<img src="/images/2016/12/07/Kyle%20Bay.jpg" alt="">
Strathfield saw two record setters within a month, the first equalling the record, the second blowing it out of the water.
A four bedroom Newton Road home sold for $6.8 million in August, a joint record price that had stood since 2014.
But less than a month later the $6.8 million sale was smashed by a vast eight bedroom Llandilo Avenue grand manor with swimming pool that sold for $7.3 million. 
The Belrose record is set to be broken with the listing of Kameraigal which has a price guide of $8.75 million.
It appared in the fifth season of the television series Underbelly starring Jonathan LaPaglia being shot in the house in 2012.
A Kurraba Point record was broken earlier this week when a renovated three bedroom Penshurt Avenue home sold for $4,275,000, breaking the suburb's townhouse record.
It was sold by Flavour of India founder Lola Crossingham who will now move onto another property project.
The first spring Saturday saw a record warehouse sale in Surry Hills, where The Carriageworks sold for $7.95 million, which bettered the prior record of $7.55 million set in 2015.
The mid 19th century warehouse was reinvented by renowned designers Hare &amp; Klein comprises three levels, four bedrooms and an artist's studio.
This article appeared in the Saturday Daily Telegraph.
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Record price in Sans Souci and across Sydney

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A 1913 home at Claremont is up for sale.
Located at <a href="https://www.realestate.com.au/property-house-wa-claremont-124147466">22 Parry Street</a>, the property has Federation Queen Anne architectural features.
From its 1300 sqm position on Claremont Hill it has views towards the hills from the upper level. It last sold in 1995 at $888,000.
The Claremont Quarter, Swanbourne and the Swan River foreshore is within walking distance with Cottesloe and Swanbourne beaches just minutes away.
Modern renovations blend with its original character which includes high ceilings, wraparound verandahs, intricate ceiling roses, arched hallways and polished jarrah floors.
The contemporary open plan spaces features honed granite, marble and stainless steel in the five bedroom, four bathroom house.
The gardens are filled with winding paths, roses, north facing olive grove, rolling lawns.
There are secret hideaways under the shade of an ancient tree plus a swimming pool with entertaining terrace.
It comes with a self contained garden studio.
The December 14 auction is through through LJ Hooker agents John Hunter and Vivien Yap.
There was a $2.5 million sale last month on the street of a four bedroom 1902 house on 910 sq m, having been initially listed in October last year at $2,995,000.
There was also a four bedroom 1910 house on a 900 sq m block on the street that sold recently for $2.05 million.
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Elegant 1913 Claremont home for sale

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The number of total listings in Sydney has declined compared with this time last year, according to CoreLogic’s latest weekly report.
The property data firm says that the number of total listings in Sydney has declined by 10 percent to 21,470.
This is despite the number of new listings increasing by 5 percent over the past 12 months.
<a href="/images/2016/12/05/Capital%20city%20properties%20listed.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Capital%20city%20properties%20listed.jpg" alt="">
Brisbane has the highest increase of total listings having an increase of 14 percent compared to Hobart decline of 31 percent.
Canberra’s number of new listings over the past 12 months has increased by 19 percent, the highest out of all the capital cities.
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Sydney's total listings decline by 12 percent from 12 months ago: CoreLogic

Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Staff reporter

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