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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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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Sales of Victorian neighbourhood shopping centres are on track to record the strongest result in four years despite negative sentiment around the retail sector generally, according to a CBRE review of the sector. 
The Victorian Neighbourhood Shopping Centre Review (2016-2019) found that while buyers were naturally more cautious around vacancy, pending expiries and the overall performance of the shopping centre itself, they remained attracted to the sub $100 million sector with 2019 sales tracking towards the highest sales by value in at least four years.  
According to CBRE Retail Investments Analyst, Annalee Neil, the attraction is based particularly around the heavy weighting towards supermarket share of GLA and the relative insulation from the threat of e-commerce. 
The review found that of four sales transacted in 2019, the anchor tenants, including Coles, Aldi and Woolworths, contributed an average of more than 60 per cent of the total income or GLA of the centre. 
By contrast, the review found supermarkets accounted for only six per cent and 18 per cent of total cash flow in regional and sub-regional centres respectively. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/neighbourhood%20centre.jpg" alt="">
Director Investments Mark Wizel, said the results proved retail centres with a weighting towards non-discretionary spend tenants remained one of the favourite investments across all commercial property sectors.  
“Like many things, we can’t broad brush the sector. There are green shoots but there are also areas of concern. In the neighbourhood shopping centre sector, it is almost business as usual."
“This has been exemplified by the very strong result with the sale of Coburg North Village (pictured top) along with the unconditional sale of Woolworths Curlewis Shopping Centre (pictured below) and the current strong enquiry for Newcomb Central,’’ Mr Wizel said.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/Curlewis%20SC.jpg" alt="">
Mr Wizel said the impending sale of the Woolworths/BWS and Aldi anchored Newcomb Central property would bring the total sales value of neighbourhood centres sold this year to more than 2016 and 2017. 
“Total sale results this year will surpass 2016 and 2017 and may well surpass 2018 in less than seven months."
“The fact that there is a current investment stock shortage underscores just how popular these centres are. Owners are holding tight to arguably the commercial market’s best defensive asset in what are relatively tough times in terms of investment returns generally,’’ Mr Wizel said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/neighbourhood%20centre%202.jpg" alt="">
According to the review sub $100 million sales in 2019 have also included the free standing Woolworths Lara store which sold to a Melbourne investor for $21.55 million on a 5.92 per cent yield while a local buyer purchased the Mernda Town Centre for $51.5 million. The land only purchase included a permit for a full-line Woolworths supermarket. CBRE managed both campaigns.  
Ms Neil said the $160 million worth of free standing supermarkets which sold on an average 5.18 per cent yield over 2018/2019, was further evidence of the demand for defensive retail assets.
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j.ballantyne1990-6AQqhLzZaK

Secure neighbourhood centres buck retail headwinds: CBRE

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A retail investment opportunity in the Northcote Plaza in Melbourne’s inner northern suburbs is on the market. 
The property, shop 30, comprises a single level retail shop with a 98 sqm of floorspace.
Plaza Deli has a three year lease expiring March 2021 at a current rental of $47,336 per annum with 4 per cent annual rent reviews. 
According to marketing agents, Teska Carson’s Fergus Evans and Adrian Boutsakis, the property presents an opportunity for purchasers to acquire a secure investment property located within a successful and vibrant mall.  
Shop 30 benefits from its position in a centre anchored by Coles and Kmart, along with 60 specialty retailers including national brands OPSM, Specsavers and Bank of Melbourne.
The centre has 900 plus car spaces and operates with a catchment of five to six million customers per year.  
The property will be auctioned August 16.
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Northcote Plaza shop in inner northern Melbourne listed

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Splat 3D POD has taken up a five-year + five-year lease in the Sunshine Coast suburb of Noosa Heads<a id="LPlnk897582" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe+gWUrddmiCFEoTVfSuCLXq+FkE4p1rusvbe7meTHQf0FT1KP5siqkgrADDhtEW40nae/dN1G/Q0uHEcFfV9l6+KWaZbekrZTV6lrXlggv0QHJc8GI9iSS7jNN9mpBQvF&amp;rh=ff004ec42fd9006ed962126ac34abf3b92fd8870" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">.</a>   The property at <a id="LPlnk897582" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe+gWUrddmiCFEoTVfSuCLXq+FkE4p1rusvbe7meTHQf0FT1KP5siqkgrADDhtEW40nae/dN1G/Q0uHEcFfV9l6+KWaZbekrZTV6lrXlggv0QHJc8GI9iSS7jNN9mpBQvF&amp;rh=ff004ec42fd9006ed962126ac34abf3b92fd8870" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Shop 8B, 14 Sunshine Beach Road </a>that came with a 54 sqm building size and high clearance ceilings, had a lease price of $28,000 + outgoings + GST.   It was marketed and leased by Ray White Commercial Noosa and Sunshine Coast North Commercial Property Consultant David Brinkley. “With its central location at the heart of Noosa Junction (Arcadia Walk), it offered tenants great customer exposure and had plenty of accessible parking nearby,” Mr Brinkley said.   “Another appeal to the Splat 3D POD tenants was the monthly twilight food, shopping and entertainment markets that are held every third Friday of the month in Arcadia Walk, bringing a flock of potential customers straight to the shop’s doorstep."
Splat 3D Pod’s Doug Webb said the concept welcomed people to the world of 3D, and that in fact, POD was an acronym for (3D) ‘Print On Demand.’   “There's not just 3D printing, but also 3D modelling, video gamer facilities and virtual reality (VR) for architectural clients, and experiences for everyone,” Mr Webb said. 
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3D print company Splat 3D POD taking up Noosa Heads lease

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Ashmore City Medical Centre, has taken up a new lease in an Ashmore City space undergoing a multimillion-dollar makeover.
The medical centre has taken a 10-year lease on the space and it is moving into the tenancy formerly occupied by Chempro. 
Angelo Efstathis, the managing director of centre manager First Asset Management, said the move was aimed at reactivating the middle of the centre and further improve customer convenience. 
Ashmore City Medical Centre is planning a $350,000 fit-out for the new premises, which comes on the heels of the $2.5 million upgrade currently under way by the centre owner and a $750,000 refurbishment by ANZ Bank.
Ashmore City Medical Centre is expected to start operating from its new location in early October. 
As part of the Ashmore City masterplan, the existing medical centre building will be converted into a professional services centre to complement established tenancies. 
Meanwhile, the $2.5 million upgrade currently under way at Ashmore City is expected to be completed well before Christmas. 
The capital works include a complete exterior facelift, as well as improved amenities including a new parents’ room and upgraded accessible amenities for shoppers. 
Ashmore City has 40 tenancies and is anchored by Drakes Supermarket, Chempro, Stacks Variety, Liquorland and Australia Post.
It is also home to five major banks, including ANZ, Commonwealth Bank, NAB, Westpac and Bank of Queensland.
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Ashmore City Medical centre set for relocation

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Highfield Caringbah has been listed for sale via Expressions of interest. 
The property at <a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">32 Banksia Road</a> is currently under a long term lease to the Feros Hotel Group.
The holding comes with a 3,072 sqm building area and 1,024 sqm land area.
Located on the northern side of the Kingsway and has street frontage to Mackay Street, Banksia Road and Hay Lane, it<a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>is being marketed and sold by Ray White Commercial NSW – Sydney City Fringe Principals Kristian Morris and Justin Rose.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/Highfield%20Caringbah%20aerial%201.jpg" alt="">
Mr Morris said the asset offered a secure 15-year lease to the Feros Hotel Group plus options totaling up to 60 years with ratchet clause in favour of the lessor.
He said, “the Feros Hotel Group are proven operators that have stood the test of time in this area of the market and have done an amazing job in developing the building into one of Sydney’s best vertical offerings.”
“They’ve spent circa $12M on upgrades and it offers a double net lease with net passing income of $600,886 + GST, and has future development potential to add accommodation and additional rooftop bar, STCA.”
Mr Rose said the property was a three-storey mixed-use hospitality asset with four separate but interconnecting dining experiences. “These freehold subject-to-lease (FSTL) opportunities are rarely available and it offers a stress-free and hassle-free annuity income stream, with the tenant paying 100 per cent of the outgoings and running costs."   “It’s close to the Caringbah Town shopping centre and major retailers such as Coles, Woolworths, McDonald's and is just 150* metres to Caringbah train station,” he concluded. 
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Highfield Caringbah offered to the market

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A prime Adelaide office buildings located on a 1,450 sqm site has been listed for sale. 
The 12,305 sqm office complex at <a href="https://www.realcommercial.com.au/property-offices-sa-adelaide-503074338" target="_blank">100 Waymouth Street</a> is about 75% leased to industry leading tenants, including Origin Energy and Beyond Bank providing a WALE of 4.74 years. 
The building, which was built in 1989 had a comprehensive refurbishment completed in 2014, with another refurbishment in 2018.
It has also recently achieved a 5.5 Star Nabers Rating.
Knight Frank’s Guy Bennett has been appointed to market the property for sale via International Expressions of Interest on behalf of the private Singaporean vendor. 
Mr Bennett said, “South Australia is in a growth phase, which is having a positive impact on office space demand – and subsequent investment in the sector. We’re seeing increased activity in a range of sectors, including defence, resources, technology, education, and healthcare.”  
Mr Bennett, who recently marketed 80 Flinders Street, said the asset will appeal to a broad buyer audience given it is very hard to find a 4 plus year WALE and 6 plus percent asset anywhere in Australia at the moment.  
100 Waymouth Street is being offered for sale via an international expressions of interest campaign closing August 15.
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5.5 Star Nabers energy rated Adelaide office building listed

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A vacant industrial warehouse in Brisbane’s northern suburb of Virginia has been sold for $1.28 million by an owner-occupier.
The property at <a id="LPlnk838539" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMtZbL8K1IrWjHPzGXhNPJeH4Wj/TpX07P8ntm3i2Q9vXQCIgm/yPQ5isnzJpmTWk1w==&amp;rh=ff004eb07a3a5325778caa01cf42a12e19a853d0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2&amp;3/107 Northlink Place</a>, comprises a 66 7sqm total floor area, made up of a 433 sqm clear span warehouse, 117 sqm refurbished office and 117 sqm mezzanine.
It was marketed and sold by Ray White Commercial Queensland’s Director – Sales and Leasing Paul Anderson and Sales and Leasing Executive Andrew Doyle. 
Mr Anderson said the property was sold for Mitchel Enterprises &amp; B25 Pty Ltd ATF, having already had a history with the vendor.
“We actually sold this exact property to the vendor seven years ago,” Mr Anderson said.   “The sale price reflects 18 per cent growth over the period of ownership.    “The warehouse has access via two container height roller doors, the ground floor office has air-conditioning and amenities, and it also benefits from 10 exclusive-use car parks.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/18/107%20Northlink%20-%20Internal%201.jpg" alt="">   Mr Doyle said the north side of Brisbane continued to flourish with owner-occupiers more attracted to the area than ever before. 
“Virginia is only 12km north of Brisbane CBD and Northlink Place itself leads directly to Toombul Road, offering ease of access to the Gateway Motorway and Brisbane Airport,” Mr Doyle said.
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Vacant Virginia industrial warehouse sold for $1.28 million

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Craig McKellar of CVA has just leased a commercial space in the Craigieburn Plaza at Craigieburn.
The fully fitted 86sqm property at Shop 5, 32-38 Craigieburn Road was leased on a 3 + 3 + 3 year lease term.
Universal Real Estate are the lessors at a rate of $50,000 per annum equating to a building rate of $581.40/sqm.
featuring a frontage of 7 m, the property contains three separate offices, reception, staff amenities and in excess of 300 public car spaces.
Located within a recently developed estate, the property is within close proximity to Dynon Road, CityLink and Melbourne's CBD.
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Universal Real Estate leases Cragieburn Plaza space

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An established café/restaurant site located in the Brunswick Cumberland Hotel Building has just been leased.
It was listed by Craig McKellar of CVA.
The 236 sqm property at Shop 1, 337-341 Sydney Road was leased for $112,500 per annum by Plonk Bar &amp; Eatery Pty Ltd.
They are the current owners of Vale Bar &amp; Eatery in Ascot Vale.
It is a 5 + 5 + 5 + 5 year lease term equating to a building rate of $476/sqm.
The property features a first floor office, seating capacity for 95 patrons, general liquor licence, and 5 on-site parking spaces.
It is supported by transport services at its doorstep.
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Plonk Bar & Eatery leases Brunswick restaurant

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The gambling company Ladbrokes has become a lessor in Bowen Hills, Brisbane.
It has committed to a 10-year lease for 3,250 square metres over Levels 1 and 2 at 25 Montpelier Road.
Industry sources said the space would fetch $565-$575 square metres gross.
With 25 Montpelier Road fully leased, the property will be shortly listed for sale with a WALE of six years.
The A-Grade building is located within the hub of the trend-setting Gasworks Precinct.
Completed in 2011, the 4-star Green Star Rated Asset has one of the largest floor plates in the city fringe.
It sits across the road from the Fortitude Valley Homemaker Centre, 250 metres from the Gasworks Retail and Restaurant Precinct and 500 metres from Bowen Hills Train Station.
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