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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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>
Prime Minister Morrison and Treasurer Frydenberg will do their best to leave the cupboard bare next Tuesday while still delivering a budget surplus in 2019-20. 
It has been just over three months since the <a href="https://theconversation.com/myefo-reveals-billions-more-in-revenue-9-billion-in-fresh-election-tax-cuts-108889" target="_blank">December budget update</a> but once again the government has been gifted a windfall of unexpected revenues, despite a raft of economic data suggesting the economy has slowed its rate of growth.
This is because the things that really matter to the budget have all done better than was expected by the Treasury just months ago. Strong conditions in commodity markets and lower unemployment mean that in the current financial year the budget bottom line will be about A$3 billion better than had been expected in December, and about A$12 billion better next financial year.
Since the last budget only last May, the outlook for 2018-19 has improved by A$12.3 billion and the outlook for 2019-20 by $13.8 billion.
<h2>Going up</h2>
Rising commodity prices and export volumes have pushed up the profits and tax bills of mining companies.
Iron ore is the standout. Prices have exceeded the Treasury’s December forecast on the back of lower international supply (a result of the tragic dam wall collapse in Brazil) and continued growth in demand from China.
In December, Treasury expected iron ore prices to average US$55 a tonne. But in fact they have averaged about US$75 a tonne. That alone will add about A$2 billion to government revenues in 2018-19 and, if maintained, A$6 billion in 2019-20.
Add in a weaker Australian dollar and the combined effect will account for almost half of the net improvement in the overall budget position this financial year and the next.
Iron ore is only one of our exports.
Coal prices have also exceeded expectations, which should add another A$1 billion to A$1.5 billion to revenue over the next two years.
And there’s more to it than mining. Corporate profits have generally been strong despite some storm clouds forming around the banking industry and the economy more generally.
Another thing driving the better budget starting point is strong jobs growth and a lower than expected unemployment rate, boosting the government’s financial position through lower unemployment benefits and a higher personal tax take. The February employment statistics showed an unemployment rate of 4.9%.
The Treasury had expected the rate to fall more slowly, only getting to 5% by June and then staying there for several years.
If the budget cupboard was untouched, which it won’t be, the budget would have a deficit of next to nothing this financial year and an impressive surplus as high as 1% of gross domestic product next year, a year ahead of the government’s schedule.
<h2>But it mightn’t last</h2>
These upside surprises from the corporate tax take can just as quickly go the other way.
Assuming they will last, as budgets often do, would be to make the same mistake as the Howard-Costello government, which made permanent changes to tax rates and commitments on the back of revenue that prove to be temporary. So did the Gillard-Swan government some years later with its “spreading the benefits of the boom” package.
Corporate profits might struggle to improve in future years in an increasingly difficult economic environment. No one knows what will happen with commodity prices. Right now China is using infrastructure spending to stimulate its economy, but it won’t always do that. Eventually its growth will be less metal-intensive.
But with the government well behind in the polls, I doubt these considerations are getting much attention.
<h2>China drives budgets, the US drives rates</h2>
The US economy sets the global price of money, which in turn determines the environment in which our Reserve Bank sets Australian interest rates and works out how to deal with the bursting of the housing bubble, which was itself in no small part the result of an easy US monetary policy in the wake of the global financial crisis.
China, on the other hand, determines the global price of commodities and trade flows and so helps determine corporate profitability in Australia.
This contrast between the two has never been greater, with the government flush with unexpected revenues while the Reserve Bank walks a knife-edge of low real economic growth, financial stability risks, and already easy monetary policy.
It is best summed up in this chart of real and nominal gross domestic product, which shows annual growth in real GDP (which affects the economy) slowing to 2.3% while growth in nominal GDP (which drives the dollars flowing into the Treasury) growth climbing to more than 5%.
<hr>
<a href="https://images.theconversation.com/files/265512/original/file-20190325-36276-1r5rog7.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/265512/original/file-20190325-36276-1r5rog7.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""> </a>SOURCE: <a class="source" href="https://www.propertyobserver.com.au/http://www.abs.gov.au/ausstats/abs@.nsf/mf/5206.0" target="_blank">ABS National Accounts</a>
Looking beyond this budget, the major risk for the Australian economy is a retrenchment of consumer spending on the back of falling house prices and tighter credit conditions.
The national accounts suggest it has already started.
The worry is that domestic spending, which is dominated by consumer spending, will weaken to the point at which it forces businesses to shelve hiring and investment plans, pushing unemployment back up.
A vicious cycle could result in some type of recession.
How can the government and the Reserve Bank try to control these risks?
One way would be to do what they have always done and cut interest rates in an attempt to boost household and business cash flows.
Another would be to take some of the free cash being generated by China and use it to boost domestic demand through temporary arrangements that help the economy ride out the adjustment to lower house prices.
It could be done in many forms including tax cuts and targeted cash injections into low and middle income households.
<h2>Expect extra and earlier tax cuts</h2>
The government has known about the much better revenue position for months.
To date it has displayed incredible restraint in spending it.
New policy announcements since the December update have been limited to about A$500 billion a year, which isn’t bad for a government facing an election wipeout before winter.
But it would be wise not to get too glowing about its restraint.
Instead we should expect a cascade of policy announcements culminating in a major tax cut to be revealed on budget night next Tuesday.
The government has a A$12 billion war chest.
It is most likely to spend it in the form of tax cuts, most likely by bringing forward the second stage of the already announced cuts due to take effect in July 2022.
That would mean lifting the ceiling for the 32.5% tax rate from A$90,000 to A$120,000 and lifting the ceiling for the 19% rate from A$37,000 to A$41,000.
Bringing forward those already legislated tax cuts by three years to July 2019 would cost the budget less than A$10 billion a year and still leave room for a surplus in 2019-20 and room for targeted election pork barrelling.
With the government so far behind in the polls there is virtually zero chance this extra income will be saved for a rainy day. Although the Coalition’s chances of re-election are remote, Prime Minister Scott Morrison is an optimist who might think a surge of generosity and a few lucky breaks could get him over the line.
The more likely possibility of an election loss means Morrison will want to keep the incoming government’s cupboard as bare as he can. This means keeping the budget surpluses small so that if the Labor Party wants to go on a spending spree, it will have to renege on his promised tax cuts.
The good news is that whatever the government does in the budget and no matter what party forms the next government, the budget position is all but back in balance.
It will hold us in good stead should the global economy run into trouble.
It will be all the more needed if the Reserve Bank pushes interest rates below 1% over the coming year, leaving it little room to cut further.<img src="https://counter.theconversation.com/content/113727/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/warren-hogan-530397" target="_blank">Warren Hogan</a>, Industry Professor, <a href="http://theconversation.com/institutions/university-of-technology-sydney-936" target="_blank">University of Technology Sydney</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/expect-tax-cuts-and-an-emptying-of-the-cupboards-in-a-budget-cleanout-as-the-billions-roll-in-113727" target="_blank">original article</a>.
</body></html>

jrobinson-rf4aSBido9

Expect tax cuts and an emptying of the cupboards in a budget cleanout as the billions roll in

<html><body>
Brisbane-based fund manager Cromwell Property Group is seeking to acquire London-listed RDI REIT.
Cromwell confirmed this morning to the ASX it has made an approach to the board of RDI regarding a potential transaction.
"Any transaction would be consistent with Cromwell’s strategy to work with our capital partners to grow funds under management and continue to expand its investment footprint in the UK and Europe." the submission said.
Over half of Cromwell’s $11.5 billion of assets under management as at 31 December 2018 is concentrated in Europe.
Discussion are ongoing between the parties.
"There can be no certainty that a formal offer will be made nor as to the terms of any offer," Cromwell Group went on to say.
By law, Cromwell is required to have announced a firm intention to make an offer or announce it does not intend to make an offer by April 23.
The deadline can be extended with the consent of the UK Takeover Panel.
RDI, whose largest investments include Wigan's Grand Arcade, St George's Shopping Centre in Harrow and West Orchards Shopping Centre in Coventry, is independently valued at £1.65 billion.
Their shares last closed at £1.30.
 
 
 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Cromwell Property Group make approach to acquire London-listed RDI

<html><body>
The local strip retail market has gone through an evolution over the past 10 years, and Oxford Street in Paddington has been a part of that change, according to Ray White's latest Between the Lines report. 
Ray White Commercial Eastern Suburbs director Grant Whiteman said destination strips like Oxford Street have had to reposition.   “This is off the back of local development, e-commerce, demographics, and spending habits, which have all changed the way individuals interact with local shopping,” Mr Whiteman said.   “While tenant mixes have seen some movement, rental rates and vacancies do continue to fluctuate.   “However, enquiry levels remain elevated for investment, with yields achievable in the 5-5.5 per cent range.”   Ray White head of research Vanessa Rader said Ray White Commercial Eastern Suburbs had surveyed the Oxford Street retail strip in January 2019 to determine tenancy mix and vacancies.   “Results have been encouraging, with vacancies of approximately 8.85 per cent recorded. Our last survey conducted in early 2015 saw vacancies at 11.81 per cent,” Ms Rader said.
Click here <a href="https://www.propertyobserver.com.au/images/2019/3/27/OX1.jpg" target="_blank">to enlarge</a>.
<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/2019/3/27/OX1.jpg" alt=""> 
“This period in 2015 was difficult for the region given the vacation of larger multinational tenants and the uncertain identity for this area. “Oxford Street enjoys high foot traffic and a heavy reliance on the clothing and soft good sector.   “Known as a fashion strip, this location also had a strong weighting towards furniture and homeware retailing to cater for the fashion-conscious home owner, however this has reduced over the last few years to just 2.46 per cent of the strip.   “While other retail locations favour food retailing, Oxford Street only represents 13.92 per cent of combined specialised food, café and restaurant retailing.   “Many retail centres and strip locations have favoured food retailing, and given the increase in retail spending habits geared towards food, this segment is somewhat immune to the internet shopping phenomenon that has changed the face of retail over the last ten years.   “While this may be below rates achieved in other locations, this has shown a swift upward movement since our last survey, where this accounted for less than 10 per cent of the total floorspace.   “While some owners have invested into capital expenditure and repurposing spaces, others have not, which results in a range of quality in tenants, with rental rates in a wide range between $350 to $900/sq m gross.   “This is down from the prime range of $900 to $1,500/sq m achieved in our 2015 analysis, and the highs of pre-Westfield Bondi Junction, upwards of $1,200/sq m.”   
</body></html>

jonathanchancellor-7SQnKwU6yx

Paddington's Oxford Street seeing encouraging signs: Ray White

<html><body>
Crown and Goulburn, the office block on the fringe of Surry Hills and Darlinghurst, has been listed for sale.
The modern office development, named after its location on the corner of Crown and Goulburn Streets, was approved by the City of Sydney last month.
The 2,190 sqm development designed by SJB Architects will span five levels and comprises retail and commercial spaces.
There will be a cafe fronting Goulburn Street.
<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/2019/3/27/Goulb4.jpg" alt="">
The property is to be constructed by Impero Constructions with Ecological Sustainable design initiatives, encompassing contemporary office spaces, as well as gardens and rooftop terraces.
It's the first non-residential project for developer Luke Caplis, who amalgamated four lots which his firm, Freehold Capital, started buying in 2017. They have combined to a 665 sqm plot.
Caplis described the project as "an innovative offering for businesses seeking world-class urban premises."
Colliers International agents Adam Woodward, James Barber and James Mitchell are offering the 100 percent freehold, with an international expressions of interest campaign closing April 12.
<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/2019/3/27/Goulburn2.jpg" alt="">
Adam Woodward called Crown and Goulburn a "prestigious, market-setting commercial development in the Sydney Fringe."
“The amenity on offer including high class end of trip facilities are on par with a premiere CBD office building," Woodward added.
<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/2019/3/27/Goulb3.jpg" alt="">
“The building’s location on the cusp of Darlinghurst and Surry Hills offers a host of colourful attractions and unbeatable convenience with train, bus and future light rail transport close at hand and ease of parking compared to CBD counterparts.”
James Mitchell said the Sydney CBD fringe is changing into a commercial hub.
"Previously viewed as just a sub-market of the CBD, it (a commercial hub) is fast becoming a focus for investment groups, as tenants flock to the area," Mitchell said.
 
 
 
 
 
 
 
</body></html>

Crown and Goulburn office development to change the face of Darlinghurst, Surry Hills fringe

<html><body>
The RBA has noted despite the relatively weak picture for household income growth, the tax revenue collected from households has grown solidly in recent years.
In the past year, taxes paid by households increased by around eight per cent, more than double the rate of growth in gross household income of 3½ per cent, according to the RBA assistant governor Luci Ellis, in a speech to the Housing Industry Association.
"It's normal for growth in tax revenue to outpace income growth a bit: that is how a progressive tax system works," Ellis said in the speech titled What's Up (and Down) with Households?
"A useful rule of thumb is that, in the absence of adjustments to tax brackets to allow for bracket creep, for every one percentage point of growth in household income, taxes paid by households will on average increase by about 1.4 percentage points. 
"So the ratio is more like a bit over two-to-one at the moment, rather than 1.4 to one.
"That is at the high end of the range this ratio reaches, but as this graph shows, it is not unprecedented (Graph 12).
"But this effect has cumulated over time, so that the share of income that is paid in tax has been rising (Graph 12, bottom panel).
Ellis noted that household income growth has remained slow even as labour market conditions have been improving.
"Unlike slow wages growth, though, it is less clear how much weak non-labour income growth will weigh on consumer spending."
"There might be reasons to think that weak non-labour income growth is less worrisome than weak wages growth.
"But you would not want to rely on that possibility to underpin your views on the outlook for consumption.
"So this is an area we need to watch closely.
"Household consumption spending is a large part of economic activity.
"A significant retrenchment there would lower growth and feed back into a weaker labour market, as well as into decisions to purchase housing," she said.
<div>
<div> </div>
<img src="https://www.rba.gov.au/speeches/2019/images/sp-ag-2019-03-26-graph12.gif" alt="Graph 12: Household Income and Tax">
</div>
Ellis noted what is noteworthy is that for all of the past six years, growth in tax paid has exceeded income growth by an above-average margin, at a time when income growth itself has been slow (Graph 13).
<div>
<div> </div>
<img src="https://www.rba.gov.au/speeches/2019/images/sp-ag-2019-03-26-graph13.gif" alt="Graph 13: Household Income and Tax scatter">
</div>
"Aside from the usual bracket creep, some deductions and offsets have declined, boosting the overall tax take.
"Interest rates on investment property loans are now higher than for owner-occupiers, but overall the interest rate structure on mortgages is lower than it was a few years ago.
"So landlords will have lower tax deductions for interest payments on loans on investment properties.
"At the same time, the significant run-up in housing prices in some cities over the past decade will have increased the capital gains tax liability paid by investors selling a property.
"Turnover in the housing market has declined.
"But as best we can tell, the price effect has dominated the effect of declining volumes, and total capital gains tax paid has increased."
She noted compliance efforts and technological progress in tax collection have boosted revenue collected from a given income. 
Eliis further noted some of these drivers boosting tax paid could persist for a while, but they aren't permanent.
"For example, the earlier period of strong housing price growth will only increase capital gains tax revenue if the asset was owned during that period.
"It can be expected to become less important, the further into history it passes.
"Similarly, increased compliance increases the <cite>level </cite>of tax paid on a given level of income.
"It is not a change in the trend growth rate in tax paid. That said, the effect could last for a while as efforts shift to different aspects of compliance."
Ellis's speech concluded that without enough income, and so without a strong labour market, confidence and capacity would be in doubt.
"This is not the only reason we are watching labour market developments closely.
"But the nexus between labour markets, households and housing are crucial to our assessment of the broader outlook," Ellis said.
To read Ellis' full speech, <a href="/expert-insights/investing/whats-up-and-down-with-households-rba-assistant-governor-luci-ellis">click here</a>.
</body></html>

Nexus between wages, labour markets, household spending and housing being watched by RBA 

What's up (and down) with households? RBA assistant governor Luci Ellis

<html><body>
EXPERT OBSERVER
We don’t often get sensible analysis of price data from economists - mostly they generalise about “the Australian property market” - but Westpac senior economist Matthew Hassan provides an exception.
In a recent article he notes that some sections of the Melbourne market are still strong and that Regional Victoria has many locations with rising prices. 
This correlates with recent Hotspotting research revealing that the cheaper areas of Melbourne still have strong prices while Regional Victoria is the most buoyant market in the nation.
Hassan says Melbourne’s overall price correction “has shown much bigger differences across segments and tiers” than has Sydney. 
“For Melbourne, units and bottom tier areas are holding up much better,” he says, noting that prices across the bottom 25% of the market remain resilient.
“This theme is also apparent across sub-regions. The big movers over the second half of 2018 were Melbourne’s Inner East and Inner South, with the Inner City and West holding up considerably better. 
“Prices are also performing better across Regional Victoria.”
Hassan says that, overall, the city’s rental market remains tight with vacancy rates holding around 2%.
“Meanwhile, rental vacancy rates are extremely tight across Victoria’s regions, having fallen from 2% in late 2017 to just 1.2% in early 2019,” he says. “This in turn suggests the uneven performance is likely to continue.”
Hotspotting’s regular nationwide research into sales activity and price movements has identified numerous growth markets in Regional Victoria.
They include Geelong (above), Ballarat, Bendigo, Pakenham, Officer and Warragul, as well as many smaller towns within an hour or so of Melbourne.
The Price Predictor Index published by Hotspotting ranks Regional Victoria as the No.1 market in Australia for strong sales activity and rising prices.
It has also identified growth markets in the Melbourne metropolitan area.
The generalised data on prices - i.e. one growth figure for the entire nation or for a major city - has Melbourne house prices down, although how much they’ve fallen depends on whose figures you believe. 
One major data source has the Melbourne median house price rising slightly in 2018, while others say it fell 2% or 3%, the latest figure from the ABS says 6% and CoreLogic (which usually has the most negative figures) says Melbourne is down 11%.
These sources have one thing in common: they generalise about very large areas. They lump all of Greater Melbourne, which has 500 suburbs as diverse as Toorak and Epping, into one melting pot, with one figure to describe the whole market. 
But Melbourne has many different scenarios in play, including precincts where prices are still rising. Hotspotting’s suburb-by-suburb analysis shows many of the outer-ring areas still have price growth.
This is confirmed by new data on the suburbs of the Melton LGA in Melbourne’s west. Most Melton suburbs have had annual price growth above 13%.
Melton’s median sits at $410,000 (up 14.5%) while Melton South is $411,750 (up 15.7%), Kurunjang $432,000 (up 19.5%) and Melton West $450,000 (up 13.9%).
The figures confirm that investors who are able to ignore media generalisations and do some real research will have little trouble finding strong markets where prices are growing.
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
</body></html>

terryryder-YECXbqmri2

The property markets that are thriving in Victoria: Hotspotting's Terry Ryder

<html><body>
The recently refurbished and fully-occupied The PC commercial building in CBDRobina has been listed by Robina Group.
The PC is the home of business incubator, Gold Coast Innovation Hub, and Australian travel specialist, Helloworld.
It is a premium three-storey commercial office building, with a net lettable area of 2,11 2sqm is located at 36 Laver Drive in the heart of CBDRobina.
The building has a WALE of 4.4 years and is generating a gross building income of approximately $1 million per annum.
Last year The Gold Coast Hub signed a five-year lease, with two five-year options, for 1,822 sqm of space over three levels, including a fully-equipped event centre seating over 100 people.
Helloworld also moved into The PC, leasing a 290 sqm first floor office on a five-year lease, with a five-year option.
Knight Frank Australia Gold Coast partner and joint head, Mark Witheriff, will handle the sale of The PC in conjunction with Knight Frank Melbourne commercial sales head, Paul Henley, through an offers to purchase campaign, closing 17 April 2019.
Mr Witheriff said he expected strong interest in The PC due to its high-profile status, outstanding tenant profile and recent extensive refurbishment.
The building also includes 64 car parking spaces, comprised of secure basement and street-level visitor bays.
Mr Witheriff also said the entire The PC building was approved by Gold Coast City Council for medical and commercial office use.
Robina Group CEO Hylton Slater said The PC was a further example of the strength of Robina’s office market.
“High-performing commercial buildings with an exceptional tenant profile such as this are tightly-held in CBDRobina and rarely become available for sale, and as such we predict high demand for this asset,” he said.
</body></html>

The PC Robina office building listed for sale

<html><body>
The 3.5 star Best Western Zebra Motel in Coffs Harbour has been put on the market. 
CBRE’s James Carrick  has been appointed to sell the coastal city’s 3.5 star largest leasehold motel.
Situated at 27 Grafton Street, on the edge of Coffs Harbour’s CBD, the Best Western Zebra Hotel consists of 46 guest rooms across two levels, 50-seat dining and bar area, two-bedroom manager’s residence and onsite parking for 41 vehicles.
The hotel is being sold on behalf of a local independent operator.
“The current operator has invested significantly in both internal and external improvements, which has been pivotal to the property’s strong patronage and upward income trajectory,” Mr Carrick said.
“The opportunity to operate a quality venue unrivalled in the 3.5 – 4 star market and underpinned by the Best Western brand is expected to ignite strong competitive interest. It is perfectly positioned for an experienced team to reap the benefits of the healthy earning opportunity and coastal lifestyle, with scope for investment style syndicate or funds management group to run under a management model.”
Set on a 3,296 sqm landholding, the motel is within walking distance to all major CBD amenities.
The leasehold is being offered for sale via an expressions of interest campaign closing April 18.
</body></html>

Best Western Zebra Motel in Coffs Harbour listed

<html><body>
The recently upgraded 300 Adelaide Street has attracted seven new tenants in the last six months, leasing a total of 1,433sqm within the building. 
Kelly Moon and Simon Petrie from Colliers International were appointed by LSH Property Australia as marketing agents in October last year.
Three tenants that were confirmed this year include Karam Boutique Residential and Lockton Companies taking up 222sqm and 244sqm respectively on level 8; and Aura Wealth taking up 155sqm on level 14. 
The other four tenants that were confirmed in Q4 2018 were Yes Digital who took up up 353sqm on level 18; Mako Gold (156sqm), McLeod Partners (208sqm), and Luppinos Hair Salon (95sqm). 
The lease terms range from 5 to 7 years with rent ranging from $575 to $600 per sqm. Level 8 tenancies were brand new to specification fitouts, while level 14 and 18 will be new fitouts which are currently under construction. 
“The building has undergone an extensive refurbishment to end-of-trip facilities, lobby and amenities on each level which has attracted a lot of tenants who have been in the market looking for space over the last six months,” said Mr Petrie. 
“We have partnered with the LSH Property to create a community of complimentary businesses so they can benefit from each other’s networks.”  
Mr Moon said “We are currently getting good engagement from full and multiple floor tenants who appreciate the value proposition of 300 Adelaide Street. There are also limited part floor options ranging from 115 to 282sqm.” 
Recent upgrades to the building include a hotel style end of trip facility with complimentary towel service and ironing stations, upgraded ground floor lobby and amenities on each level. 
Further services are to be added to the building in the upcoming months through the implementation of a concierge service, online tenant portal and conference and meeting centre on level 4
</body></html>

Latest Investing Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Investing Insights

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News