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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Bayview

<html><body>
La Joie de Vivre, the Bayview mansion that was the first house to be used on Australia's The Bachelor television series, has finally been sold after 622 days on the market.
The larger-than-life home was where chiropractor Tim Robards found love with Anna Heinrich.
The grand Minkara Road home <a href="/news/bayviews-la-joie-de-vivre-record-price-falls-back">last traded for $7.05 million in 2016</a> when it was sold by retired transport magnate Greg Poche and his wife Kayvan.
They made a substantial loss on the Minkara Road property, having paid $10 million back in 2003. 
The current longtime vendors are freight tycoon Clive Thomas and wife Lee, apparently secured around $9 million late last week.
They bought it when they were moving to Sydney where their company, C.T. Freight is headquartered, but have since returned to the Gold Coast.
<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/2019/3/20/Bay2.jpg" alt="">
When it sold in 2016, the then selling agency RED Property <a href="/news/red-property-donate-bayview-bachelor-home-sale-commission-to-charity">donated their $141,000 commission to charity</a>.
But no such generosity from the current agent Darren Curtis.
The vast French provincial-style mansion is inspired by the grand chateau's of the Loire Valley.
La Joie de Vivre sits on a private 4,090 sqm landholding with views across Pittwater to the ocean from its three levels and its sandstone terraces.
It is appointed with 24-carat gold filligree balustrades, parquet floors and arched French windows.
<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/2019/3/20/Bay3.jpg" alt="">
The home has six bedrooms, six bathrooms, a six car garage, a library, home gym and a temperature controlled wine cellar and tasting room.
Outside there's a commercial grade kitchen, resort-style pool, championship tennis court and a guest cottage.
Apparently there were mutiple parties interested despite is having lingered sadly unwanted for so long.
</body></html>

firstname1-iYD4UYzvBa

Bayview's La Joie de Vivre, the original Bachelor house, finally sells

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A Bayview property, with water views across the Ku-ring-gai Chase parkland, has been listed for sale.
Located at 8 Barcoola Place, the residence is situated on a vast 5,980 square metre block.
It features six bedrooms, four bathrooms, a large pool, tennis court, double garage, and outdoor terrace.
The house has 340 square metres of internal floorspace.
Due to the ongoing coronavirus crisis, the asset can be viewed via an online virtual tour.
Built in 1980, it previously sold in 2002 for $11,680,000
Ben McNamara and Sasha de Bilde, from Stone Real Estate Mona Vale, has the listing.
</body></html>

wdavis-8cCN98p7xp

Bayview house on six hectare block listed for sale

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A Bayview, Northern Territory mortgagee home has been sold at auction for $472,000.
The townhouse last sold for $770,000 in 2013.
As a result this current sales marks a $298,000 loss for the vendors.
George Vrodos of Property Shop marketed the property.
Situated at 3/7 Latrobe Street, Bayview, the abode was previously listed on market for varying durations in 2016/17 seeking $740,000.
The three bedroom two bathroom townhouse sold at auction on October 5.
It was listed as a rental in 2010 and 2012 seeking $650 per week.
Featuring a paved yard and a pool, the home is located in a small complex of three.
Set on 420 square metres, the abode was built in 2004.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for a home in <a href="/developments/bayview-nt-0820">Bayview, NT</a> is $366,000, according to the latest CoreLogic data.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Bayview, NT mortgagee home sold for $300,000 loss

<html><body>
La Joie de Vivre, the Bayview mansion that was the first house to be used on Australia's The Bachelor, has been listed for sale.
The larger-than-life home was where chiropractor Tim Robards found love with Anna Heinrich.
The grand Minkara Road home <a href="/news/bayviews-la-joie-de-vivre-record-price-falls-back">last traded for $7.05 million in 2016</a> when it was sold by retired transport magnate Greg Poche and his wife Kayvan.
They made a substantial loss on the property, having paid $10 million back in 2003. 
The current vendors are freight tycoon Clive Thomas and wife Lee, who were moving to Sydney where their company, C.T. Freight is headquartered.
<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/2019/3/20/Bay2.jpg" alt="">
When it sold in 2016, the then selling agency RED Property <a href="/news/red-property-donate-bayview-bachelor-home-sale-commission-to-charity">donated their $141,000 commission to charity</a>.
The vast French provincial-style mansion is inspired by the grand chateau's of the Loire Valley.
La Joie de Vivre sits on a private 4,090 sqm landholding with views across Pittwater to the ocean from its three levels and its sandstone terraces.
It is appointed with 24-carat gold filligree balustrades, parquet floors and arched French windows.
<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/2019/3/20/Bay3.jpg" alt="">
The home has six bedrooms, six bathrooms, a six car garage, a library, home gym and a temperature controlled wine cellar and tasting room.
Outside there's a commercial grade kitchen, resort-style pool, championship tennis court and a guest cottage.
Christie's International agent Darren Curtis is <a href="https://www.realestate.com.au/property-house-nsw-bayview-130787558" target="_blank">marketing the home</a> as one of the Northern Beaches grandest residences. 
Curtis is pointing to other local sales:
6 Captain Hunter Road $10.8m
6 Cabarita Road $12.95m
76 Hudson Parade $12m
1740 Pittwater Road $10,98
1792 Pittwater Road $9.25m
1756 Pittwater Road $7.75m
 
 
 
 
</body></html>

Bayview's La Joie de Vivre, the original Bachelor house, is back for sale

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The Dawson twin brothers shared the same Sydney neighbourhood in the early 1980s.
It was during the time when Lyn Dawson, the wife of the recently charged Chris Dawson, went missing in 1982.
The brothers owned in Bayview just two doors from each other on Gilwinga Drive — Chris at number 2 (pictured above) and Paul at 6 (pictured below).
<img src="https://www.urban.com.au/images/2018/12/13/Bayview%206.JPG" alt="">
The Dawsons each bought more than 4000 sqm of land on a Cambridge Credit housing subdivision to build large homes, which were completed around 1980.
Chris and Lyn paid $33,500 for their 4165 sqm parcel in 1976. Paul had paid $31,500 for 4060 sqm the same year, when with wife Marilyn they moved from the nearby Warriewood.
Both their wives were registered on the title. Chris transferred the property solely into his ownership in 1984, pursuant to court orders.
It was the same year Paul and Marilyn sold for $295,000. In 1986 Chris then sold his home for $285,000.
Paul’s former home last sold for $2.05 million in 2015, while Chris’s one-time house fetched $2.4 million just last year.
This article was first published in the Sunday Telegraph.
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Dawson twins both had homes at Bayview in the early 1980s

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A resort-style home in Sydney’s northern beaches has been listed for sale. 
It has been offered by Ray White Palm Beach agent Noel Nicholson with a price guide of $8.2 million to $9 million.
Positioned across a 1,517 square metre parcel of land, the 610 square metre home at <a href="https://www.realestate.com.au/property-house-nsw-bayview-129889666" target="_blank">1903-1905 Pittwater Road, Bayview</a> comes with six ensuite bedrooms, stone-topped kitchen, multiple living/dining zones, games/sports room and home theatre.
<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/2018/12/3/bayview%202.jpg" alt="">
Other features include alfresco terrace, lush lawns, wine cellar, mosaic tiled pool, and triple garage.
John and Jenny Bassetto secured the 1,517 square metre parcel of prime land to create their dream home.
The couple recruited architect Paris Spana to design a six-bedroom, six-bathroom double-storey home which takes full advantage of the spectacular Pittwater views.
<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/2018/12/3/bayview%203.jpg" alt=""> 
Nicholson said he’s been blown away by the early level of interest in this extraordinary property.
“Having said all that, this house is designed for raising a family and enjoying the privacy and quiet of just sitting and looking at the view of kayaks, boats and paddle boarders or the stunning outlook down to Lion Island,” he said.
“Architecturally designed to take full advantage of a level double block and spectacular Pittwater views, this is a remarkable residence by every standard.”
The suburb's median house price sits at <a href="/developments/bayview-nsw-2104">$1.9 million</a>, according to CoreLogic. 
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Resort-style Paris Spana-designed Bayview trophy home

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Walker House, the luxury Bayview home of Chinese property developer Richard Gu, has new owners. It sold just hours before its scheduled recent mid-week auction.
Gu had paid $7.95 million for the home less than 12 months ago.
Walker House, completed under the ownership of the Walker family in 2007, had an $8.5 million guide through LJ Hooker Avalon agent Claudio Macolongo who was under instructions not to reveal the price or buyer.
The home with a 20 metre wet edge pool and championship size tennis court was based largely on the groundbreaking 1946 Kaufmann House in Palm Springs, California.
It has five bedrooms, five separate living zones, a gym, steam room and spa. Walker House was influenced by the designs of Richard Neutra and Frank Lloyd Wright.
This article was first published in the Saturday Daily Telegraph.
  
 
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Richard Neutra-inspired Walker House, Bayview sold

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Walker House, the contemporary coastal Bayview home influenced by the designs of Richard Neutra and Frank Lloyd Wright, is set to be traded for the second time in just over 12 months.
Set high within bushland with views across Pittwater, the striking five bedroom home swathed in glass has five separate living zones including a library, office, cinema and rumpus room.
Having set a street record when it sold early last year for $7.95 million, <a href="https://avalon.ljhooker.com.au/house-in-bayview-nsw-2104-au-mz8f58#.WqXNcZNuYWo" target="_blank">the Lentara Road home</a> was designed with modernist lines, synonymous with influential American architects.
The home was based largely on the groundbreaking 1946 Kaufmann House in Palm Springs, California.
It was completed in 2007 when under the ownership of the Walker family, who paid $1.4 million for the 4,140 sqm land parcel in 2001.
Greg and Karen Walker commissioned Northern Beach architect Ray Fitz-Gibbon.
The Walker's sold the newly completed home for $5 million in 2009.
A decked terrace features a 20 metre wet edge lap pool and spa, while a championship size tennis court sits on the parcel. 
There's a gym and a steam room.
LJ Hooker Avalon Claudio Marcolongo, who is taking offers until May 22, says north facing properties of this quality, dimension and pedigree are rare.
It has a guide of $8.5 million.
It has been listed surplus to its Chinese entrepreneur's needs.
This article first appeared in The Weekend Australian.
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Walker House, Bayview set for second sale in just over a year

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The former City of Sydney lord mayor Nelson Meers and his wife Carole are set to emerge as Point Piper buyers.
It is set to be be registered at $16 million, a tad higher than Domain's estimate of $15 million plus.
The purchase followed their Bayview home sale six months ago for $4.55 million.
Set on Buckhurst Avenue, the harbour front apartment was an investment for John Roth and his wife Jillian Segal, who bought it new in 2011 for $11.6 million.
The deal was done by LJ Hooker agent Bill Malouf.
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Nelson Meers' $16 million Point Piper purchase

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Bayview is the most expensive locality in Northern Territory to purchase a house, according to a recent Investar report.
The property investment report says that the median price of a four bedroom house in Bayview is $900,000.
This is followed by Muirhead with $725,000 and Humpty Doo and Lyons with $700,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="99">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="99">
Bayview
</td>
<td valign="top" width="64">
0820
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Muirhead
</td>
<td valign="top" width="64">
0810
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$725,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Humpty Doo
</td>
<td valign="top" width="64">
0836
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$700,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Lyons
</td>
<td valign="top" width="64">
0810
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$700,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Howard Springs
</td>
<td valign="top" width="64">
0835
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$672,500
</td>
</tr>
<tr>
<td valign="top" width="99">
Johnston
</td>
<td valign="top" width="64">
0832
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$629,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Farrar
</td>
<td valign="top" width="64">
0830
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$600,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Durack
</td>
<td valign="top" width="64">
0830
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$599,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Rosebery
</td>
<td valign="top" width="64">
0832
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$590,000
</td>
</tr>
<tr>
<td valign="top" width="99">
Karama
</td>
<td valign="top" width="64">
0812
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$572,500
</td>
</tr>
</tbody></table>
<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/2017/04/19/rsz_3_perth_street_bayview_nt_0820___house_for_sale__122084038___realestatecomau.jpg" width="700" height="425">
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nt-bayview-122084038" target="_blank">3 Perth Street</a>, Bayview (above) has been listed for $925,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nt-bayview-121962614" target="_blank">21 Latrobe Street</a>, Bayview (below) has been listed for over $950,000.
<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/2017/04/19/21%20Latrobe%20Street.jpg" alt="">
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