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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

<html><body>
The vendor of 8 Yarra Bank Court in Abbotsford has signed the house up to a Twitter account in an attempt to harness social media to sell the property.
Every day or so the house tweets another sweet comment about how things are going in the area and what a joy it is to live there. A recent tweet was "Spectacular view of the moon rise from the bedroom balcony at Yarra Bank CRT tonight", and another read "So wet cold and miserable outside. So warm and toasty from inside with the central heating on. Perfect day at YBC."
After joining Twitter 21 days ago the account already has 272 followers.
<img src="/images/stories/2012/06/housetwitter.jpg">
The campaign is part of a growing social media trend in Australia, recently started by Northcote resident Kurt Opray. He reckons his house sold for $135,000 above his reserve price after signing the house up to Twitter and YouTube and starting a blog. It all generated publicity on old media, via print and television coverage.
Opray has since started a business offering the same service to vendors. Other houses he has currently signed up for Twitter and blogs include a three-bedroom house in Beaumaris, a four-bedroom house in Sandhurst Golf Club and a three-bedroom house in Mildura.
He generally charges around $4,000 for each campaign, with a large focus on reaching an audience interested in buying property. In an interview with Alan Kohler for Qantas in-flight radio, he said his aim was use twitter to entice people to the area. He suggests to make it very conversational giving people a feel for what it's like living in the house.
"The fellow who ended up buying the house said he did spend some time looking through the blog the day before the auction, which is fabulous."
"You have to understand how to get the right followers [on Twitter]."
"There's ways to use Twitter to find people who have an interest in something you're purveying."
He advocates the use of social media on top of an agent's usual marketing campaign.
Since the media storm surrounding his sale it seems more and more vendors are running custom Twitter accounts, and it seems the trend may sometimes assist – South Morang's 10 Mirrabucca Street sold late last month after just three weeks on the market.
 
Houses with Twitter accounts
95 Todd Ave Yeppoon, Queensland <a href="https://twitter.com/#!/@95ToddAve" target="_blank">@95ToddAve</a> 140 followers
29 Pacific Boulevard Beaumaris, Victoria, <a href="https://twitter.com/#!/@BeaumarisHouse" target="_blank">@BeaumarisHouse</a> 0 followers
22 Quarterdeck Road, Sandhurst, Victoria <a href="https://twitter.com/#!/@sandhursthouse" target="_blank">@sandhursthouse</a> 17 followers
32 Cale Street Como, WA, <a href="https://twitter.com/#!/@ComoHouse4Sale" target="_blank">@ComoHouse4Sale</a> 67 followers
56 Rose Avenue Glen Waverly, Victoria, <a href="https://twitter.com/#!/@GlennyHouse" target="_blank">@GlennyHouse</a> 126 followers
5/67 Canadian Bay Road, Mount Eliza, Victoria <a href="https://twitter.com/#!/@MountElizaUnit" target="_blank">@MountElizaUnit</a> 286 followers
31 Nara Road Mitcham, Victoria, <a href="https://twitter.com/#!/@31NaraRoad" target="_blank">@31NaraRoad</a> 171 followers
10 Landon Place, Sheffield, Tasmania <a href="https://twitter.com/#!/@TasHouse4Sale" target="_blank">@TasHouse4Sale</a> 10 followers
19 Karnu Drive,Ninderry, Sunshine Coast, Queensland <a href="https://twitter.com/#!/@NinderryHouse" target="_blank">@NinderryHouse</a> 80 followers
15 Clearview Pde, Hazelbrook, NSW, <a href="https://twitter.com/#!/@Hazelbrook4Sale" target="_blank">@Hazelbrook4Sale</a> 86 followers
8 Yarra Bank Court, Abbotsford, Victoria <a href="https://twitter.com/#!/@YarraBankCourt" target="_blank">@YarraBankCourt</a>
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Three bedrooms, two car spots and 140 characters: Houses with their own Twitter accounts

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Three square metres is all it takes to run a hotdog shop, apparently.
Possibly Melbourne’s smallest retail food store, Dognation squeezes into its tiny alleyway nook like a sausage into a bun.
The owner of the morsel-sized shop, Seong-Lee Ang, thinks it’s the smallest food shop in the city.
“Our leasing agents said they have never heard of anything as small as three square metres for a food shop,” says Ang.
He says demand is high for small unique spaces like the one he has and places are hard to find.
<img src="/images/stories/2012/06/dognation2.jpg">
“We get a lot of people who would be dying to take the space we’ve got because it’s one of those iconic things for Melbourne. Especially for little laneways, they’re always in really high demand.”
Ang pays a higher than usual price per square metre but ultimately pays very little given the size.
“On a square metre basis we pay probably double the going rate. But compared to the total annual rent of other shops it’s not much.”
Leasing agent Andrew Hewett from Fitzroys says the shop was originally leased for $4000 a square metre with two years ago with 4% annual increases.  
The novelty of such a small shop is part of the draw for consumers, Ang says.
“The talking point of us being in such a tiny spot has been a really big thing, besides the product itself,” he says.
“It is a big factor to us to say what is our productivity out of such a small space, and there are definite advantages from a cost point of view.”
Ang seems attracted to strange locations and plans to open another branch inside an espresso bar on Southbank next month.
“We’re doing a store within a store concept. Using space within a different shop and creating a small brand within a brand. We are essentially a lunch trade only, so we can take advantage of the lunch hours within the other shops.
“It’s a private arrangement, it’s not an official sublet. We’ve got a connection with the owners of the espresso bar, it’s an internal arrangement.”
But it’s not the only tiny shop in Melbourne though. On the way back from visiting Dognation, Property Observer popped into Switchboard for a quick coffee.
Owner Joe Sayers says the kitchen area for the coffee shop is just 1.8 square metres, but there’s enough room for a coffee machine and two staff. The former cigarette booth now has seating opposite in what was formerly the building’s switchboard. Switchboard even offers a limited food menu so perhaps Dognation isn't top dog with its claim to miniature fame. Maybe it's time to play ketchup.
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Hotdog shop Dognation almost cuts the mustard in one of Melbourne’s smallest retail premises

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Developer Dexus’ super-green Sydney development One Bligh Street has been named the best tall building in Asia and Australasia by The Council on Tall Buildings and Urban Habitat.
This makes it one of the seven best tall buildings in the world for 2012 according to the council, the first time an Australian building has won the award.
The building houses Australia’s tallest naturally ventilated sky-lit atrium, a feature that impressed the judges.
"The dramatic, naturally ventilated central atrium connects the office workers with nature at the inner depths of the plan, giving a sense of openness for the entire building,” says jury panel member Werner Sobek, founder of Werner Sobek Group.
The council says buildings were selected for their design and technical innovations, sustainable attributes and the enhancement of both cities and the lives of their inhabitants.
“The winners display remarkable creativity, as well as a respect for the environment, connection with place, and the urban surroundings,” says awards committee chairman Richard Cook of Cook+Fox Architects.
The building could still be named the world’s best tall building at the 11th Annual Awards Ceremony and Dinner at the Illinois Institute of Technology in Mies van der Rohe’s iconic Crown Hall, Chicago. From the four regional best tall building winners, one overall winner will be selected and bestowed with the “Best Tall Building Worldwide” award, to be announced on the night.
The other regional winners were the Absolute Towers in Mississauga, Canada; Palazzo Lombardia, Milan, Italy; and Doha Tower, Doha, Qatar.
One Bligh Street has been valued at around $629 million and has a six-star green star rating. Standout features for the building include its double-skin façade and glass atrium but it requires high rents to deliver a suitable return to its owners.
Rents are believed to be in the $900 to $1,100 per square metre range for lower floors, rising up to around $1,300 for the upper floors.
Law firm Clayton Utz is the tower’s anchor tenant, and the Commonwealth government's Ministerial and Parliamentary Services recently leased three floors. Papua New Guinean oil and gas company Oil Search also just leased two levels, and financial media group Bloomberg is tipped to be the next tenant to sign on.
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Dexus’ One Bligh Street named best tall building in Australasia 

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The next wave of online retailing, far more dangerous for traditional store retailers than the first wave, is now upon us. It has been happening in the US and Europe for more than a year, but has now arrived in Australia.
It is – wait for it – full-price, non-discount retailing. That’s right – they don’t compete on price. The first wave of online retailers was, and still is, the discounters, but why are full-price online stores more of a wealth hazard for traditional bricks and mortar retailers? Because the margin is applied to service, specifically better delivery, instead of discounting.
The first of these is an online clothing and footwear store called The Iconic, which started up six months ago. It was created in just six months of business planning by five former management consultants, four from Boston Consulting and one from McKinsey and Co, copying similar operations in Europe.
The Iconic’s point of difference is that it offers free overnight delivery, guaranteed, within Australia, and three-hour delivery in Sydney for $4.95. Returns within 100 days have free delivery as well.
The business’s principals are two Australians, Adam Jacobs and Cameron Votan, two Germans, Finn Henzel and Andreas Otto and an American, Ryan Tuohy. They were all working in Sydney with BCG and McKinsey and decided a year ago that there was a gap in this country for a full-priced, free delivery retailer, copying ones in the US and Europe that had already taken off.
They got start-up funding from Rocket Internet, one of the world’s biggest incubator funds, as well as a private Swedish fund called Kinnevik.
Almost all innovation involves taking something that’s already being done and doing it better, and the key to making this one work was developing a partnership with Australia Post. Under Ahmed Fahour’s management Australia Post is trying to transform itself into a parcel delivery service for products bought online, to counter the collapse of ordinary mail.
The five partners persuaded Fahour and his team to initiate a sorting shift between 2am and 4am that didn't cost The Iconic or its customers any more. It means that products bought in the evening in front of the TV are ready to be dispatched by 6am the next morning and delivered free at 9am (according to Adam Jacobs).
The three-hour delivery within Sydney is done by a courier company and an automatic dispatch system; any longer and the fee is refunded.
This is an astonishing level of service, and takes online retailing to the next level.
The five partners won’t reveal any of their numbers except website traffic, which is public anyway. The Iconic is averaging 150,000 unique visitors a day, which is about three times the traffic that most of the traditional retailers are getting to their online stores.
Henzel told me they are “considerably” ahead of business plan at this stage and growing rapidly, mainly supported by performance marketing online, but also some TV, radio and print marketing.
In my view this sort of operation is a dire threat to existing store retailers, especially the big cumbersome ones.
At this stage it sells about 500 fashion brands – mostly Australian, but they are steadily signing up international brands as well. The reason it’s taking longer for the overseas brands is that they have to deal with local distributors, who have close existing relationships with stores like David Jones and Myer and are reluctant to deal with a challenger.
But it’s more of a threat to the property owners. Myer, David Jones and the other fashion chains all now have online stores and although they have been slow to move, they can catch up if they’re good enough.
But the landlords have no hope. Like print media, they are in a business with a limited future – the only question is how long they’ve got.
This article originally appeared on <a href="https://www.businessspectator.com.au/" target="_blank">Business Spectator.</a>
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New wave of online retailers pose more of a threat to Aussie bricks and mortar stores: Kohler

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On the night of June 21, CEOs and senior management at many major Australian companies won’t be going home to their penthouse apartments but will sleep on the ground to raise money for the Saint Vincent de Paul Society.
Participants of the CEO Sleepout will spend a night sleeping outside to experience a night of homelessness with limited bedding and food.
So far 1,032 participants have raised a total of $1.48 million, in an effort to raise awareness of homelessness in Australia.
The event was launched by Carnival Australia CEO Ann Sherry, who spoke about hidden face of female homelessness.
“For me, the number of women and children who are homeless is a statistic and phenomena that we shouldn’t tolerate, and I think that is true of all homelessness.”
She called on female business colleagues to take up the challenge.
NSW is well in the lead in terms of fundraising at the time of writing. NSW has raised $767,646 with 271 participants, Queensland’s 158 have raised $499,433, WA’s 114 have raised $360,098, Victoria’s 148 have raised $299,817, South Australia’s 100 have raised $226,094, ACT’s 153 have raised $225,694 Northern Territory’s 37 have raised $58,487 and Tasmania’s 51 have raised $49,036.
The participants include Westpac’s Gail Kelly, Commonwealth Bank’s Ian Narev, ABC’s Mark Scott, Jones Lang La Salle’s Andrew Balzanelli and CBRE’s Phil Rundle and Andrew Stewart.
Kevin Rudd will take part in the event again this year. Last year he opted to sleep in Melbourne, saying Queensland’s warm nights were “simply too soft”. Malcolm Turnbull has signed up this year though so far he’s raised just $365 since signing up on May 24. Other politicians include Federal MP Kelly O’Dwyer and Queensland’s leader of the opposition Annastacia Palaszczuk.
To donate, visit <a href="https://www.ceosleepout.org.au/">https://www.ceosleepout.org.au</a>
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CEOs to swap four-poster beds for sleeping bags in CEO Sleepout

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The Victorian Parliament amended the Sale of Land Act in the first week of June to give effect to a recommendation of the Royal Commission into the Black Saturday bushfires that vendors be required to advise if the land they are selling is in a bushfire-prone area. 
The date from which this advice will be required is yet to be decided. 
When it is required, the advice will appear in the vendor’s section 32 statement. 
This information is currently publically available, and owners can conduct a search to ascertain the bushfire status of their land. The Victorian government has made this service available through the Department of Planning and Community Development. 
By visiting the <a target="_blank" href="https://services.land.vic.gov.au/landchannel/content/addressSearch">government’s website</a>, you can confirm your land’s bushfire status by entering the address of your property and selecting a free bushfire-prone area property report. The report will advise if the land is in a designated bushfire-prone area. The areas judged bushfire prone were determined by the Minister for Planning. 
If the area is bushfire-prone, the report will advise as such and detail the special construction requirements that apply. 
While the requirement may add to the conveyancing costs of a sale, as your solicitor or conveyancer will need to locate the report and include it in the vendor’s section 32 statement, it does ensure buyers are informed and are prepared should they purchase a property in a bushfire-prone area.
Enzo Raimondo is CEO of the <a target="_blank" href="https://www.reiv.com.au/">Real Estate Institute of Victoria</a>.
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Victorian vendors to disclose threat of bushfire to residential land

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The Basement club at Circular Quay is on the market after its owners have decided to conclude their 13-year tenure.
<img src="/images/stories/2012/06/basement1.jpg">
There are 10 years left on the lease, according to the Spencer-Carr Property listing agents.
Since opening in 1973 the premises have had the likes of Neil Diamond through to Prince grace its stage.
It’s being marketed as suitable for alternate licensed food and beverage concepts.
<img src="/images/stories/2012/06/basement2.jpg">
“It will obviously appeal to quality music industry professionals, but can also be evolved into a variety of successful licensed food and beverage concepts,” Adam Spencer-Carr suggests.
The venue holds a 24-hour hotel licence and a 550-person capacity located at Circular Quay over two levels.
Licensees Tim Read and Jane Burridge are selling to pursue other priorities.
In a statement published by Fairfax Media, they said they had spruced the place up, but resisted pressure to install poker machines.
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jchancellor-FAypfDUnLy

Basement club at Circular Quay looking for another owner

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It's taken a few days for the immediate impact of the NSW budget housing initiatives to sink in.
The initial headlines exulted Treasurer Mike Baird’s decisions.
But there are emerging short-term humps – through the creation of needlessly complex artificial deadlines – for the NSW housing and property industries to overcome.
And then some serious long-term consequences that could potentially effect residential property across Australia.
After all, NSW has broken from the 12-year-long pact that has given established home sellers the potential benefit of buyers with the first home buyers’ grant.
Now established home sellers in NSW will not get any benefit from the grant that derives from Howard government GST introduction negotiations with the states in 2000.
The short-term issues are timetabling issues for buyers and property developers.
It was pointed out by Property Observer shortly after Tuesday's midday budget that <a target="_blank" href="https://www.propertyobserver.com.au/landlords/nsw-property-investors-condundrum-take-the-%2422490-housing-bonus-now-or-just-%245000-after-july-1/2012061255081">NSW investors faced an immediate conundrum.</a>
It’s actually a NSW government-induced “money or the box” scenario.
And the government really should know better than create a situation where property investment is an even bigger lottery than normal.
For the next 16 days investors have a zero stamp duty option – and the potential saving of $22,490 through the NSW home builders' bonus.
It’s available if investor buyers put a deposit down for an off-the-plan purchase or new house costing less than $600,000.
But from July 1, 2012, the best deal for government grants will be a fixed $5,000 offering in a new scheme for investors of new homes, whether off the plan or newly built.
It then became apparent from the budget papers minutiae that first-home buyers face a timetabling scenario too – as they might best hold off their buying to await the full bonus until October.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/budget-s-first-home-buyer-%248000-bonus-might-actually-pause-nsw-new-home-purchasing-until-october/2012061355094">Property Observer advised its readers on the day after the budge</a><a target="_blank" href="https://www.propertyobserver.com.au/residential/budget-s-first-home-buyer-%248000-bonus-might-actually-pause-nsw-new-home-purchasing-until-october/2012061355094">t</a> that despite the NSW government’s best intentions, sales of new houses and apartments to first-time buyers could possibly ease off temporarily until October 1.
Savvy first-home buyers might delay their new home acquisitions to secure an $8,000 bonus based on a $550,000 new dwelling.
The entitlement of first-home buyers who sign a purchase contract for a new home between yesterday's state budget and September 30 is $20,240 + $7,000 totalling $27,240.
But wait until October 1 and it’s $20,240 + $15,000, or a maximum total of $35,240.
Those immediate glowing headlines didn't quite contain the requisite consequential details required by the welcoming property development industry hardheads.
In some sense the drilling down into the details doesn't reveal anything too serious in the short term for the property development industry, which it has to be said retains its repeated podium placing when it comes to awards for getting government handouts.
But both deadline issues are the by-product of governments that nowadays regularly delay the introduction of special initiatives, presumably so that they get two lots of favourable headlines – on announcement and then on implementation.
Government by press release.
Recall the Queensland Treasurer Andrew Fraser unveiled his $10,000 new home building boost grant in his June 2011 budget. And the home building industry immediately went dead because its introduction date wasn’t until August 1.
Accordingly, Queensland led a national fall in dwelling approvals in June, with an 18.6% fall compared with May highlighting the naïve, and often cruel, hand of government intervention.
Veteran NSW unit builder Harry Triguboff has cottoned on that changes announced by the NSW government to home buyer incentives are set to create short-term distortions especially between July 1 and October 1.
“Nothing will happen,” he told the Australian Financial Review.
“The government will have killed the investors and still not given birth to the first-home buyers.”
But between now and July 1 when it comes to investors Triguboff says: “we have to go hell-for-leather to sell before July 1 to investors, because they’ll still get something.”
Three months then elapses before the October 1 start of the full $32,450 generosity of the new first-home owners’ grant and stamp duty concessions.
“For the [interim] months, it’s going to be hopeless,” Triguboff says.
“I cannot enter into an agreement and say we’ll exchange it after October; it’s illegal. I would defeat the purpose of what the government is doing.”
The new package excludes the buyers of existing homes altogether. And industry chief are optimistically suggesting little impact on the first-home buyer market when it comes to established unit and house sales.
Real Estate Institute of NSW Tim McKibbin didn’t like the decision but says he did not expect any significant changes to the second-hand market. And Raine &amp; Horne chief Angus Raine also says the second-hand market would experience little impact.
But that's not what's emerged from January 1, 2012 after the NSW government's initial decision to shift first-home buyer interest towards new homes and away from established homes. It was in last year's NSW budget.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/06/cbrejune143.gif" title="Click to enlarge"><img src="/images/stories/2012/06/cbrejune143thumb.gif"></a>
The latest numbers show a dramatic downturn in first home buying as indicated in the latest report on NSW housing by CBRE. Following the initial removal of concessions for existing homes from January 1, 2012, the data indicates first home buyers constituted 15.1% of the market in early 2012, down from the over-representative 26.3% in December 2011, when there was a rush by first-home buyers to get the then bigger government handout.
First-home buyer activity is now sitting at 2005 levels, CBRE notes, in the wake of the first stage of the phasing out of the concessions for existing home purchases. It will be interesting to see the renewed consequences of the further narrowing of buying options which ofcourse comes accompanied by a generous increase in government handout for first time buyers of new homes. But will it get to new house buyers or just new unit buyers?
B<a href=""></a>oosting housing on the city fringe takes time and will require a quantum shift in Gen Y buying location preferences. So surely most of the short-term buyers will use their grant on new apartments in the inner and middle ring suburbs, an industry which is not doing too badly at the moment.
"This budget is meant for cottages, and nobody wants cottages,” Triguboff says.
“They all want apartments.”
Escalation in the off the plan prices of trendy new inner city studios will be worth watching during 2012.
An interesting tip from Ted Hoskin, the CBRE NSW residential mortgage valuations senior director, is that down the track the main buying activity, and therefore beneficiaries, arising from the state budget decisions will be seen in the new home sector in the north and south-west growth centres.
The golden era of government grants assisting the established housing market is ending.
Not so much because governments ever viewed it as the disparagingly dubbed "first home sellers' grant" but rather because the emphasis is understandably fixed on poor construction numbers and housing shortages. So standby for the other state governments proposing their initiatives to also seek to turn around housing supply shortages.
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NSW budget’s needlessly complex artificial deadlines and decisions have short-term and long-term consequences for residential property

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The sale of Australian CBD hotels to offshore interests continues, with a Malaysian investment trust paying $415 million for a portfolio of three five-star Marriott hotels.
The Sydney Harbour Marriott, the Brisbane Marriott and the Melbourne Marriott have been bought by Malaysia-listed Starhill Real Estate Investment Trust, managed by Malaysian conglomerate YTL Corp.
Asian buyers have accounted for 93% of all hotel sales this year.
The Marriott properties formed part of Colonial First State’s (CFS) Commonwealth Property Hotel Fund, which is being wound-up.
The sale was negotiated by Mark Durran and Craig Collins of Jones Lang LaSalle Hotels, who says the federal government’s changes to withholding tax on management investment trusts “caused some friction” but did not prevent the deal from going ahead.
The three hotels were acquired by CFS between June 2000 and April 2001.
The jewel in the crown is the 550-room Sydney Harbour Marriott at the northern end of Pitt Street, which was constructed in 1989 and underwent a $35.5 million refurbishment during the 2002-2003 financial year.
The Brisbane Marriott is a 267-room hotel constructed in 1998, and the Melbourne Marriott is a 185-room hotel constructed in 1982. It underwent an $8 million refurbishment in 2002.
Prior to the acquisitions Starhill had a market capitalisation of around RM1,025 million ($324 million as of June 2010) comprising  the JW Marriott Hotel Kuala Lumpur and 60 units of serviced apartments, four levels of commercial podium and two levels of car parks located within The Residences at The Ritz-Carlton, Kuala Lumpur.
The Australian acquisitions will bring its portfolio to around $1 billion.
The five-star hotel sale attracted significant interest from offshore investors and takes total hotel sales to $614 million for the first six months of the year, with  Jones Lang LaSalle estimating that this could double by the end of the year.
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Malaysian REIT pays $415 million for Marriott five-star hotel portfolio

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McGrath Mid North Shore agent Peter Chauncy has ranked as Australia’s top estate agent, according to a new Top 100 survey by industry magazine Real Estate Business.
Chauncy, who sells property in Chatswood, Crows Nest, Lane Cove and Naremburn, racked up 79 property sales over the 2011 calendar year worth $88 million.
The rankings were compiled based on a range of criteria including sales volumes, sales numbers and average sale prices.
Chauncy admits to being a workaholic who works 75 hours each week, but says he loves it.
“I really am passionate, and that enthusiasm and passion really rubs off on people, and I think that’s been a key part to our success,” he says.
Chauncey will become principal at the new McGrath Crows Nest office when it opens in August this year.
His most recent sale was a 1,094-square-metre site on Talus Street in Naremburn, which he sold alongside David Howe for $2.655 million. The site has approval for an eight-apartment complex.
Another McGrath agent, Wayne Vaughan from the Epping office, ranked fifth on the list, with sales of $73 million. Four McGrath agents made it into the top 10, and 10 were among the top 100.
Ray White dominated the list, with 17 out of the top 100 spots.
Edward Hobbs from Biggin &amp; Scott Richmond ranked second ($81 million in sales) followed by Ric Serrao from Raine &amp; Horne Double Bay ($74 million) and Glen Coutinho from hockingstuart Hawthorn ($85 million)
In dollar terms, Jason Boon from Richardson &amp; Wrench Elizabeth Bay/Potts Point ranked first, with $130 million worth of sales from just 55 transactions.
Jay Standley from Barr and Standley Real Estate Bunbury, WA, managed the highest number of sales at 189 (or more than one sale every two days) to rank 53rd overall.
The top female agent was Karen Vogl from hockingstuart Ringwood in Melbourne’s eastern suburbs, who clocked up $80 million in sales and ranked 11th overall.
Nearly half (47) of the top 100 were NSW agents. There were 17 each from Victoria and Queensland and 14 frm WA.
The top 100 was based on agency submissions and received over 400 submissions, according to Alex Whitlock, publisher of Real Estate Business.
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