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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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The strongest capital growth prospects for the next 12 months are for houses under $250,000, according to the latest NAB Residential Property Survey.
Capital growth is expected to be "good" for property under $500,000 and under $250,000, according to the survey of 300 property market participants. The higher the property price, the lower the expected capital growth, according to those who participated in the survey.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/07/nabjuly127.gif" title="Click to enlarge"><img src="/images/stories/2012/07/nabjuly127thumb.gif"></a>
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cknowlton-QnEa6ntUYP

Best capital growth prospects expected for houses under $250,000: NAB Residential Property Survey

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The Peppers Anchorage hotel in Port Stephens has been listed for sale by Bay Holdings Ltd, a joint venture company owned by Greg Shand and Allan Vidor.
Set on a 1.5 hectare site on the Tomaree Peninsula, the 1.5-hectare luxury hotel opened in 1992.
The 80-room hotel development project was first unveiled in 1988 then built at around a reported $23 million cost. It was designed to resemble a New England fishing village consisting of a series of coastal-style cottages, linked by covered walkways.
<img alt="anchorage6" src="/images/stories/2012/anchorage6.gif" height="306" width="460">
CBRE Hotels agents Andrew Jackson and Rob Cross are selling the property, with the campaign ending August 23.
The hotel is attached to a 90-berth marina, which is being sold concurrently through Knight Frank.
Many of the visitors to the hotel come for dolphin and whale watching as well as game-fishing, jet-skiing, kayaking and scenic flights in the hotels seaplane.
The area is also a sailing hotspot and home to a number of sailing regattas.
The Peppers lease finished in 2011, and the building is being offered vacant.
No price indication has been giveb for the Peppers officering. 
The hotel almost sold to Macquarie Bank in 2002, and then was last listed in early 2008.
Its 2008, Jones Lang LaSalle expressions of interest campaign sought around $30 million for the hotel with marina.
<img alt="anchorage7" src="/images/stories/2012/anchorage7.gif" height="289" width="460">
Jackson says the Colette Point Road hotel is an icon in Port Stephens. 
“The property benefits from a diverse business mix, which includes corporate clientele, as well as conferencing, leisure trade and weddings,” Jackson says.
“The hotel and restaurant are also very popular with the locals, and there is an opportunity for a more hands-on owner to achieve further upside by developing the conferencing and wedding business.”
The development got its 1988 approval after two years of negotiating with the Lake Macquarie City Council by the Peppers Hotel Group, the headed by Mike O'Connor, reportedly in partnership with Mercantile Credits Ltd, Centennial Developments and McAndrew &amp; Associates.
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awalsh-7Ub9EypybQ

Peppers Anchorage Hotel in Port Stephens listed for sale

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The problem with being called “the lucky country” is that it’s passive.
We’re actually hard-working and optimistic. And we’re fighters. So what’s wrong with the “resilient nation”?
I went to the Twittersphere this week and asked followers: “what do you think is the BEST thing about the Australian economy right now?” These are some of the more than 75 replies:
<ul>
<li>@markbouris The strength &amp; resilience shown despite high AUD, world economy &amp; constant negative reporting</li>
<li>@markbouris it's resilience. But without some political leadership that may soon evaporate</li>
<li>@markbouris The tenacity of its people to keep going and believe that things can only get better</li>
</ul>
What struck me about the responses was the way Aussies combine sophisticated understanding of the world with old-fashioned faith in hard work.
Amid the financial stress and uncertainty, the national psyche is still about resilience and working hard, and it will get us through.
And we’ll push forward without tearing ourselves apart with the false “class war” or wealth envy as we’re seeing in Europe and the United States.
We’ve seen a brief hint of it here, but it doesn’t seem to stick. Australians want to work hard for their rewards, not to tear down those who are succeeding.
So when we see negative attention showered on the mining industry – either because the mining moguls are too rich or the miners are overpaid – I think it’s time we got away from the spin and saw this for what it is.
For a start, the mining moguls are employing people, driving exports, building infrastructure and creating billions of dollars in ancillary employment and wealth generation. Every time mining moguls build a new railway line or open a new project or sign a new supply contract, they have to employ construction companies, consultants, professionals and lots of manpower. And they all pay taxes.
Secondly, the people who work in the mining industry work incredibly hard, in remote locations, in the heat and the dust and often away from their families for extended periods. They work knowing that when China, Korea and Japan have a downturn in their industrial output, Aussie mining jobs are on the block.
So give these people a break – they’re as hard-working and ambitious as workers employed in east coast manufacturing.
Resilience shows itself in many ways. Some workers take pay cuts to keep the factory open, while business owners make sacrifices in the home to keep the business afloat. Mothers with young kids go back into the workforce to help with the bills.
Tenacity shows up in the official figures too. Bankruptcies are 6,000 per year fewer now than they were in 2010, and despite the GFC-affected global economy, our unemployment is around 5%. And we didn’t have to drop our official interest rate to zero to do it.
We’re not out of the woods yet, but if we can keep our optimism and our resilience to the fore, and avoid the temptation to turn on ourselves, this nation will emerge stronger than it ever was.
Mark Bouris is executive chairman of <a target="_blank" href="https://www.ybr.com.au/">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
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mbouris-tauSvXGAM2

Give hard-working miners a break: Mark Bouris

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The proportion of dwellings that are rented has remained fairly consistent across Australia over the past decade, based on figures from the 2011 census.
Rented dwellings comprised 27.6% of all occupied homes back in 2001; 10 years later the proportion had risen by only slightly more than one percentage point to 28.7%. 
The census data shows the biggest shift in dwelling tenure was seen in homes that are fully owned and homes that have a mortgage. The proportion of homes that are owned outright fell from 39.7% of all occupied private dwellings in 2001 to 31.0% in 2011.  Conversely, the proportion of homes that are owned with a mortgage rose from 26.5% in 2001 to 33.3% in 2011.
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 <a rel="shadowbox" href="/images/stories/2012/07/rpdjuly20.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly20thumb1.gif"></a>
The census provides some fascinating insights about the trends and geographic spread of renters. Considering that most rental accommodation is owned by private investors, analysing this data also provides an insight about where property investors have been most active (in 2011, 71.5% of all rented dwellings were privately owned, 9.4% were rented from the government and 2% were rented from community or church groups. A further 6.7% of renters fall into the "other landlord type" classification or did not respond to this question in the census).
Nationally, the proportion of dwellings occupied by renters stands at 28.7%, however there are difference from region to region. The largest states, New South Wales and Victoria, show a bias towards capital city investing with 31.6% of Sydney dwellings being rented compared with a lower 27.6% of dwellings outside of the capital city. Similarly, 27.2% of Melbourne dwellings are rented, compared with 24.5% outside of the capital city.
That trend is reversed in the mining states where investment is more popular outside of the capital cities, probably due to the high yields and capital appreciation that has been evident across the resource driven regions in both of the these states. Regional Western Australia accounts for the largest proportion of dwellings occupied by renters (apart from regional Northern Territory, which is influenced by the large number of government-supplied rental housing) at 35.3%, compared with 27.6% across the Perth market. The margin is much slimmer in Queensland, with 33.4% of regional Queensland dwellings being rented compared with 33% in Brisbane.
Of the capital cities, Darwin shows the largest proportion of investors with 41.9% of all occupied dwellings being rented. Brisbane, at 33% of all dwellings, is the second most popular capital city for investors.
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly201.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly201thumb.gif"></a>
Getting down to a more granular level, the census suburb classifications show exactly where rental housing/investment is more or less popular. The results also provide an indication as to where social housing is most heavily concentrated. The tables below show the top 10 suburbs across each capital city based on the highest proportion of rental dwellings. We have included median house and unit prices as well as typical rental yields to provide an indication about prices and gross returns in the suburb ("n.a." indicates the suburb has recorded fewer than 10 house or unit sales or fewer than 10 rental observations over the past 12 months). It is also important to understand whether the high proportion of renters is being driven by market forces or by social housing; for this reason we have included a summary of the proportion of rental dwellings privately and non-privately owned.
It is clear to see from some of the suburbs on the list how predominant social housing is in some areas. For example, the Sydney suburbs of Claymore (97.9%), Airds (96.2%) and Daceyville (92.6%) show extremely high levels of non-private rental housing (ie. government or community/church rented). High proportions of non-private rental dwellings are also evident across the northern regions of Adelaide and eastern areas of Hobart. The benefits of integrating social housing throughout the community rather than establishing social housing "enclaves" is well documented; these examples are a stark reminder of the town planning principals that were prevalent several decades ago.
It is important to point out that some regions showing a high proportion of non-private rental dwellings are influenced by other factors such as military bases and mining sites.
Australian Capital Territory 
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly2021.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly202thumb.gif"></a>
Greater Adelaide
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly203.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly203thumb.gif"></a>
Greater Brisbane
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly204.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly204thumb.gif"></a>
Greater Darwin
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly205.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly205thumb.gif"></a>
Greater Hobart
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly206.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly206thumb.gif"></a>
Greater Melbourne
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<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly207.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly207thumb.gif"></a>
Greater Sydney
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/07/rpdjuly209.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpdjuly209thumb.gif"></a>
Tim Lawless is national research director of <a target="_blank" href="https://www.myrp.com.au/" rel="nofollow">RP Data.</a><a target="_blank" href="https://www.myrp.com.au/" rel="nofollow"> </a>
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tlawless-5VLUrbAk9s

Property investor guide to the suburbs dominated by tenants - highlighting private and government landlords

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The slow rate of new home building in Australia – much lamented by industry bodies – could actually insulate the housing market from collapse should there be a sharp slowdown in the Chinese economy, according to banking analysts.
<a href="https://www.propertyobserver.com.au/residential/value-of-new-home-building-declines-for-fourth-consecutive-quarter-in-march-abs/2012071955661" target="_blank">March quarter figures released on Wednesday by the ABS</a> show that the new housing construction sector declined for the fourth straight quarter, with the value of new residential building work done falling 1.2% to $9.29 billion on a seasonally adjusted basis, following a 1.7% decline in the December 2011 quarter.
Concerns have been raised that a drop in Chinese demand for Australian coal and other raw commodities as result of the Chinese economy slowing further could have far-reaching consequences for the wider Australian economy and demand for housing.
In March this year, credit rating agency Standard &amp; Poor’s warned that Australian house prices could fall 20% this year if Chinese growth stalls to 5%.
But in a recent report, Citigroup strategist Tony Brennan said that major housing corrections, defaults and foreclosures often came after periods of excessive home building, leaving an excess supply of housing that put downward pressure on prices.
However, he says Australia does not show indications of over-building of homes.
Merrill Lynch equity strategist Josh Kirkwood expects no change in Australian house prices over the next three years due to the level of deleveraging and changing attitudes of investors.
He disagrees with people who believe the Australian housing market is bulletproof, but says there won’t be a house price crash as occurred in the US, the Australian Financial Review reported.
The latest figures released by the Chinese government’s National Bureau of Statistics and reported by Savills show that while China's real estate investment growth slowed sharply in the first half of the year, “dragging down the broad economy”, property sales swung into positive growth in June for the first time in eight months.
Savills says this “bodes well for a recovery in the sector, which could ease concerns about a hard landing of the world's second biggest economy”.
Real estate investment, which affects more than 40 other sectors from cement, steel to furniture, grew 16.6% from January to June versus an annual rise of 32.9% in the same period last year, the National Bureau of Statistics.
Fears of a flow-on effect for Australian prices have been expressed not just in relation to China, but also as evidence shows significant house price falls in the United States and Europe, most notably Spain.
Fund managers have suggested Australian investors look offshore due to the high dollar and discounted real estate.
“If you have an Australian dollar above parity and housing prices in America which are down 50% [since the GFC], it is a far easier decision to invest your money overseas than here,” says Ashley Pittard, portfolio manager at PM Capital.
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lschlesinger-FZcF9M3vE6

Australian housing market insulated from Chinese slowdown risk by slow rate of new home building: Analysts

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Investors are surging back into the housing market, according to Australian Property Monitors’ Dr Andrew Wilson.
He points to May ABS housing finance figures showing that the value of investor housing rose 26% over the month to the highest monthly total recorded since June 2010.
Wilson says the value of investor loans over the first five months of the year is now 7.2% higher than for the same period in 2011.
The value of investor loans approved over the first five months of the year rose 31% in Queensland and increased by 16% in WA and 6% in NSW, compared with the same period in 2011.
“Investors have surged back into the housing market,” says Wilson.
“These figures indicate increasing confidence by investors in the Sydney, Perth and Brisbane housing markets.”
However, the value of Victorian investor loans fell 3.6% over the first five months of the year, bucking the trend.
Wilson says NSW is the shining star of the investor market as it is the only state where the value of investor loans is higher than the same period in 2010, when housing markets were very active due to various government stimulus packages.
“This data certainly provides more positive data for housing markets with the realistic prospect of increased buyer activity and some house price growth in most centres over the coming months,” he adds.
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Investors surging back in Brisbane, Perth and Sydney but Melbourne left out:  APM

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The landmark Westpac Bank site in Church Street Parramatta, first taken up by Bank of NSW in 1874, has been listed for sale.
The imposing sandstone building on the site was built in 1938.
The façade of the two-storey interwar stripped classical building is dominated by large ashlar sandstone columns, flanking timber four-panelled double doors.
Prior to and during its early life as a bank, the site was also operating as the Australian Arms Hotel.
After leasing for some years, the Bank of NSW acquired the two-storey inn, altered it and used it till 1938 when it was demolished and the current premises were built.
The land was originally granted to Governor Lachlan Macquarie’s superintendent of public works, Richard Rouse, in 1823. He built the Australian Arms Hotel in 1838.
The new building was designed by architect firm Spain, Cosh and Dods, also responsible for Edwards Dunlop Building in Brisbane, Daily Telegraph Building in Sydney and St Brigid's Catholic Church at Red Hill.
The site now includes an adjacent three storey modern building bringing the total area to 1,275 square metres and includes on-site parking for up to nine cars.
The site is 100% leased to current tenant Westpac, which emerged from Bank of NSW in 1982.
The site earns a net income of $536,000 per annum plus GST. There are 2.5 years left on the lease with two five-year options.
Westpac sold the site for $3.03 million in 2000 to two partners. One partner then bought the other’s 50% stake for $3 million in 2007.
Agent George Khoury from Khoury &amp; Partners says the property is attracting significant investor interest.
He is looking to sell the property for $7.5 million to $9 million.
Parramatta was established in 1788 and is the oldest inland European settlement in Australia.
The town was founded after the first fleet settlers built farms there to support the 1,000 convicts, soldiers and administrators. The site was the furthest navigable point on the Parramatta river and the soil was deemed significantly better than those around Sydney Cove.
Growth in the area was minimal until the 1850s when development was aided by the construction of a railway line. Then rapid expansion continued through the late 1800s, with Parramatta becoming a commercial hub for the western Sydney area.
Some of the most significant development in the city happened during the post-war years with industrial growth, immigration and the establishment of public housing estates.
The town is home to many of Australia's earliest colonial buildings, with more heritage-listed buildings in than Sydney's historic Rocks quarter.
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Historic Westpac Parramatta bank listed with $7.5 million-plus hopes

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It's official – Costco has confirmed it will open a second Melbourne store in the eastern suburb of Ringwood.
Nearly three years after the company opened its first location in Melbourne, the retail giant has expanded into both Sydney and Canberra. As part of a nation-wide plan, Costco has now started doubling up, with Melbourne the first city to get its second location.
The Ringwood move has been rumoured since as early as last year.
This opening will have a lot in common with the Sydney store, located in Auburn. The first Melbourne store is in Docklands, away from other retailers. This time it will be in the middle of suburbia, where plenty of SMEs will feel the effects.
Retail Doctor Group managing director Brian Walker says businesses need to be prepared.
"They really need to focus on their differentiated offer," he says. "Focus on service levels, loyalty programs, and so on. They should work their database, and figure out the value they add to the surrounding area."
"And what they really need to do is study Costco and then figure out what they need to do. Look at what it's designed to do and then think about the response."
For instance, Walker says, Costco isn't designed to be a company focused on customer service. Businesses in the surrounding area should focus more on investing in staff, so they can offer a complementary offering to Costco.
"They need to look at the way customers move through the stores, look at the staffing levels, and then try and identify those points of difference they can cover."
"Costco is not designed to be a very customer service-oriented business."
Last year, the Sydney opening brought a huge amount of foot traffic to the surrounding area. While businesses may complain about the extra traffic, there are plenty of other things they'll have to get used to as well.
Here are the four things you'll have to get used to when Costco comes to your neighbourhood.
Increased foot traffic
There are going to be a lot of people in your area – a lot of people. Not only will people from the surrounding suburbs be flooding into Ringwood every day, but you'll also see more people from further away. After all, Ringwood sits right on a stretch of freeway where southern commuters have access to the city. They'll just choose to stop at Ringwood instead of going into the city.
Of course, this is an opportunity in itself – more marketing opportunities!
Buying
Costco brings some great benefits, and not just for consumers, but businesses as well. If you need supplies or any other sort of product, then a Costco membership is probably a good investment and could save you on some costs.
Traffic
It's going to happen, and you're just going to have to deal with it. The traffic is going to be excessive, especially on weekends, and there isn't much of a solution. The other consequence of this is parking – people will try to avoid the crowded Costco car park if they can.
While this can be a nuisance, it's also another opportunity – having further to walk means more opportunities for advertising.
Price erosion
One of the main reasons Costco customers are so tied up in their memberships is the huge savings they can make. As a result, if you're selling groceries or any other type of food product in the Ringwood area, then you'll need to prepare for some price erosion. Customers are just going to expect lower prices.
This isn't necessarily a bad thing. You just need to adjust your expectations – as Walker says, focus on your customer service offering. If you're being threatened by Costco, then identify its disadvantages and strike back.
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/index.php">SmartCompany</a>.
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pmcstafford-pr9eMARWoN

Costco to open second Melbourne store in Ringwood

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Sydney apartment rents have risen almost 10% over the past year, compensating investors to a degree for a lack of capital growth, according to the June property update from Residex.
Figures compiled by Residex show that nationally unit prices increased modestly by 1.24% over the quarter to a median of just under $400,000.
Sydney unit prices were virtually unchanged over the quarter at $490,000 – up just 0.18% – and have risen only 1% over the past year.
In comparison, rents are up 9.78% over the past 12 months to a median of $505, making it one of the strongest-performing capital city apartment markets over this period.
The strongest rental growth was recorded for Perth units, where the median rent rose 12.2% over the past year to a median of $415.
In comparison with a more than 4% drop in Perth house prices over the June quarter, Perth unit prices increased by 7.45% over the three-month period to a median of $421,000.
Melbourne unit prices dropped nearly 1% over the quarter to be down 4.43% for the year with a median price of $428,000.
<img src="/images/stories/2012/07/residexjuly19.gif">
The June results will disappoint Brisbane apartment investors – the inner-city Brisbane market is awash with more than 40 new apartment projects, with capital growth stalling over the quarter (down 0.18%) curtailing annual growth to 2.92% and a median price of $349,000.
<img src="/images/stories/2012/07/residexjuly193.gif">
In addition, rents have gone backwards over the past year, falling 2.78% to a median weekly rent of $350.
Figures compiled by Residex suggest the Brisbane unit market is one of the most affordable in Australia, with 28% of median household income required to meet median loan repayments, compared with 37% in Sydney and 34% in Sydney.
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Sydney unit rents up 10% in flat market as capital growth stalls: Residex

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The new housing construction sector declined for the fourth straight quarter, according to March 2012 figures released by the ABS.
They show that for the March 2012 quarter, the value of new residential building work done fell 1.2% to $9.29 billion on a seasonally adjusted basis, following a 1.7% decline in the December 2011 quarter.
Over the past year to March new residential building work is down 8.7%.
Work done on new houses rose 0.2% to $6.14 billion while work done on new units fell 3.9% to $3.15 billion.
The value of alterations and additions to residential building fell by 5.5% over the quarter to be down 5.5% over the year to March.
“New residential building work done has now fallen for four consecutive quarters, while renovations work done has fallen for three consecutive quarters. Combined with leading indicators which show further weakness ahead, there is no doubt that the Australian home building industry is in recession,” says HIA senior economist Andrew Harvey. 
“As the residential building industry continues to contract, we are seeing real consequences for jobs, small business, the supply of new housing and rental costs. Governments can no longer ignore the negative impacts on employment, housing stress and Australia’s economy.” 
On a state-by-state basis when comparing the March 2012 quarter with the March 2011 quarter, the total seasonally adjusted value of residential work done fell by 14.8%in NSW, 0.8% in Victoria, 3.2% in Queensland, 8.5% in South Australia, 17.7% in Western Australia, 11% in Tasmania, and 2.8% in the ACT. 
In trend terms, the value of residential work done rose by 0.7% in the Northern Territory. 
Master Builders Australia was equally glum on the latest figures, with CEO Wilhelm Harnisch saying the statistics back up the findings of other surveys that show there is considerable uncertainty and reluctance amongst new home buyers.
“While today’s data is a look into the ‘rear mirror,’ forward housing indicators do not provide much optimism for a sustainable housing recovery taking place this year.
“The industry is anxiously awaiting the cumulative effect of four Reserve Bank rate cuts totalling 1.25% over recent months to kick in.
“The March ABS figures indicate the rate cuts from November and December 2011 haven’t had the effect they typically would have. The industry is relying on the effect from last year’s cuts, and the rate cuts in May and June this year begin to take hold.
“The March quarter statistics confirm the state of Australia’s two speed economy and the need for the Reserve Bank not to discount additional rate cuts,” he says. 
Non-residential building work slumped 4.1% in the quarter following a fall of 3.7% in the December 2011 quarter.
Overall, the seasonally adjusted estimate of the value of total building work done fell 2.8% to $18.7 billion in the March quarter, following a fall of 2.1% in the December 2011 quarter.
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