A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Joel Robinson

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Brisbane off the plan apartments

Following news of Victoria abolishing stamp duty for 12 months,&nbsp;Federal Housing Minister Clare O’Neil has suggested the time is right to phase out stamp duty all together.

Speaking to ABC RN, Minister O’Neil expressed the Albanese Government’s support for greenfield development and infill of higher-density suburbs, as well as backing calls for stamp duty - a “bad tax”, to be phased out.

Real Estate Institute of Queensland (REIQ) CEO, Antonia Mercorella, said this publicly stated position opened the door for the State Government to work with the Federal Government to phase out Queensland’s outdated stamp duty regime to encourage a higher rate of home ownership.

“Stamp duty presents a considerable barrier to those wanting to buy their first home, and to retirees seeking to downsize their family home,” Mercorella said.

“It also hinders job mobility which affects the productivity of the entire economy, as well as impacting significant life decisions such as starting a family and moving homes."

[smartcode_project:default project_id=108747 project_image_fid=284864]

Mercorella says phasing out stamp duty has the potential to drive a significant trend in ‘rightsizing’ to appropriately sized and located homes, substantially increasing the supply of housing into the market.

“Now is the time for the State Government to start that conversation and begin to negotiate a better GST outcome and incentive fund with the Federal Government in return for stamp duty reform.

“It is a long-standing policy direction of the REIQ to see a phased transition to a land tax-based model starting with first home buyers, as well as abolishment of stamp duty for downsizers aged over 55 moving to a home with fewer bedrooms.

“We appreciate that stamp duty is worth nearly $30bn over the forwards on the Queensland State Budget and that’s why a phased-out approach is best to avoid placing additional pressure on the state’s finances.”

The Allan Government in Victoria has just announced it is&nbsp;<a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">removing stamp duty in full for off the plan buyers for 12 months</a>.

Mercorella says phasing out stamp duty has the potential to drive a significant trend in ‘rightsizing’ to appropriately sized and located homes, substantially increasing the supply of housing into the market

VIC abolishes stamp duty for off the plan apartments - could QLD be next?

SEQ developer Mosaic Property Group has revealed the changes it intends to make to the design of its recently acquired, development-approved site from Woolworths development arm Fabcot.

The important piece was to keep the full-line Woolworths on the ground level at <a href="/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point">25 Ferry Street</a>, but amend some parts of the development, dubbed <a href="/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point">The Bedford by Mosaic</a>, to be more inkeeping with how Mosaic has developed across Brisbane for the last two decades.

They've brought in <a href="/architects/bda-architecture">BDA Architecture</a> to tweak the design of the approved plans by Cottee Parker. The changes have been minor, with an additional level added but the number of apartments reduced from 130 to 128.

Gone are the seven one-bedroom apartments, replaced by some more three-bed units. There's also been an inclusion of three four-bedroom apartments, a configuration that wasn't on the old scheme.

The Urban Planning Report by DTS Group suggested the reduction in units will "deliver more spacious, functional residences that provide a high level of amenity for future occupants and appeal to a wider range of potential residents."

There's also been a change to the rooftop level. The gym that had been located on the roof has been moved down to the podium level to facilitate a larger dining and kitchen area on the roof. That will now have an informal lounge space and a TV lounge room that leads onto a viewing deck.

The approved outdoor BBQ and associated seating area is to be relocated to the eastern side of the rooftop and a new golf simulator is proposed. There's also a new small wellness area with sauna and ice plunge, near the 20m pool and adjoining spa.

<img alt="25 Ferry St, Kangaroo Point" data-entity-type="file" data-entity-uuid="176260d8-cc9a-45e3-8668-a14bf8a465e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Ferry%20St%2C%20Kangaroo%20Point%20apartment%20pers.png?VersionId=EUj68fLrkKaWAJT4lsErSN.AKitHSycR" />

BDA noted in their submission to the Brisbane City Council the project presents a contemporary design that "thoughtfully respects and integrates with the surrounding environment and architectural character."

"Its overall shape, massing, composition, and intricate details have evolved from a thorough analysis of the site’s physical characteristics, existing context, view corridors, and climatic conditions," BDA said.

"The proposed structure is thoughtfully divided into two distinct elements: a meticulously crafted brick podium housing parking and retail spaces, and an elegant residential tower that rises above, offering luxurious apartments and resident amenities."

"The careful detailing of the built form signifies a positive contribution to the Kangaroo Point precinct."

<a href="/developers/mosaic-property-group">Mosaic Property Group</a>&nbsp;secured the prime 3,197 sqm site earlier this year from Fabcot. The site has been vacant for the last three decades.

<img alt="25 Ferry St, Kangaroo Point site" data-entity-type="file" data-entity-uuid="b8256658-f963-4df7-97dd-47a7d81ab5b7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kangaroo%20Point%20site.png?VersionId=tsFR5_ik7AmUYR5mNptmXhDGs84Ao6mW" />

<a href="/developers/mosaic-property-group">Mosaic</a>&nbsp;Founder and Managing Director, Brook Monahan, emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The Urban Planning Report by DTS Group suggested the reduction in units will "deliver more spacious, functional residences that provide a high level of amenity for future occupants and appeal to a wider range of potential residents."

First look: Mosaic reveals amended plans for The Bedford by Mosaic in Kangaroo Point

Brisbane’s booming unit market is going to narrowly miss out on recording 20 per cent gains over the calendar year.

However, the growth in value of units so far in 2024 is the best the Queensland capital has seen since 1988.

The value of units, which incorporates both apartments and townhouses, rose again in September, by 1.2 per cent, according to property data analytics firm CoreLogic.

Unit values in <a href="/developments/brisbane-qld">Brisbane</a> are now up 14.8 per cent over 2024, reaching a new median value of $661,000. The returns are the second best in the country, only behind Perth, which has already seen over 20 per cent gains.

<h2>What happened in Brisbane’s off the plan apartment market in September</h2>

It was more supply woes in Brisbane, with just the one notable launch of apartments across the region, albeit the planning pipeline is getting more and more robust.

That came from Windsor where local developer <a href="/developers/carbone-developments">Carbone Developments</a> revealed <a href="/new-apartments/amado-windsor-38-grantson-street-windsor">Amado</a>, the developer's fifth apartment development in the area.&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287525]

Set across six levels, Amado offers just 30 large-scale apartments targeting owner-occupiers, with a mix of two and three-bedroom layouts, alongside two penthouses that will provide panoramic views of Brisbane’s skyline.&nbsp;

Carbone Developments, known for its deep connection to Windsor, has integrated the restoration of a pre-1911 heritage-listed home into the project. Construction completion is expected in mid-2026.

Read more: <a href="/news/qld/first-look-carbone-unveil-latest-windsor-apartment-development-amado">First look: Carbone unveil latest Windsor apartment development, Amado</a>

[smartcode_project:default project_id=139074 project_image_fid=287533]

Density is coming to Brisbane, just not in a hurry.

There were approved for one of Brisbane's tallest apartment buildings at&nbsp;<a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>.

The <a href="/architects/koichi-takada-architects">Koichi Takada</a>-designed buildings will be one of Brisbane’s tallest apartment towers standing at 264 metres.

<img alt="Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada" 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/Screenshot%202024-02-07%20at%2011.34.00%20am.png?VersionId=Z4HsfKAiIYafTqv6JAkbsjnPrKRmusLg" />

The 71-level structure, to be developed by&nbsp;<a href="/developers/ks-property">KS Property</a>, will feature 527 apartments and over 4,000 sqm of communal spaces, with a design inspired by natural forms, particularly the image of a tree trunk.&nbsp;

Read more: <a href="/news/qld/plans-approved-for-one-of-brisbanes-tallest-apartment-towers-by-koichi-takada">Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada</a>

Fortitude Valley is also expecting a rare new tower, with plans filed for a 28-level building on St Pauls Terrace, a key area bordering Spring Hill.&nbsp;

Designed by&nbsp;McFarland Architects, the tower is set to comprise 164 one, two, three and four-bedroom apartments. The 1,152 sqm of communal space incorporates a gym on the podium level and a rooftop with a swimming pool, spa, rec rec room, barbecue facilities, and various seating areas.

<img alt="First look: Rare new apartment tower pitched for Fortitude Valley" 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/Screenshot%202024-09-18%20at%2012.57.24%E2%80%AFPM.png?VersionId=WGSOZNjHfKDaDtjLPoOU.ktqgAYrGgtr" />

Just 14 one-bed apartments have been pitched. They'll feature alongside 48 two-beds, 62 three-beds, and 40 four-bedroom apartments.

Mewing said the residential breakdown delivers a diversity of housing product to cater for different life stages, needs, and living&nbsp;arrangements.

Read more: <a href="/news/qld/first-look-rare-new-apartment-tower-pitched-for-fortitude-valley">First look: Rare new apartment tower pitched for Fortitude Valley</a>

Low density has been slated for Paddington, with&nbsp;<a href="/developers/core-property-partners">Core Property Partners</a> and P&amp;MV Constructions teaming up to propose a mixed-use precinct at 208-220 Given Terrace.&nbsp;

<img alt="First look: Paddington's Given Terrace set for luxury makeover" 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/Screenshot%202024-09-04%20at%208.53.18%E2%80%AFAM.png?VersionId=t4ha6OnH6Jmh8Jy7NBdjXxdtVblDkZ9N" />

The development will feature 12 luxury apartments and 31 short-stay accommodation suites.&nbsp;

A new pedestrian laneway will be added, enhancing connectivity and creating a civic space that celebrates the area's rich history dating back to the 19th century.&nbsp; 
This development aims to revitalise the commercial heart of Paddington, attracting both locals and visitors alike.

Read more: <a href="/news/qld/first-look-paddingtons-given-terrace-set-for-luxury-makeover">First look: Paddington's Given Terrace set for luxury makeover</a>

City Beat October 2024: Brisbane unit boom continues as buyers line up

Is now the best time to purchase an off the plan apartment?

Recent data released from CBRE suggests new apartments are set to get more expensive, with CBRE forecasting prices could jump by as much as 20 per cent by the end of 2026.

CBRE is forecasting build prices are forecast to grow 23 per cent by 2026, as supply tightens to around 45 per cent below pre-pandemic completion rates over the next five years.

CBRE’s Pacific Head of Research Sameer Chopra said newly built apartments are commanding a premium price compared to older stock.&nbsp;

“These premiums are justified by changing consumer expectations around amenities, like building security, lift access, flooring to rooftop gardens and gyms, which typically come with newer builds,” Chopra said.

New one-bedroom apartments are delivering a 16 per cent premium compared to older apartments, new two-bedroom apartments are at a 30 per cent premium, and it’s 45 per cent increase for newly built three-bedroom apartments.&nbsp;

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow.

"Historically there hasn't been much backwards movement in the cost structure that drives new apartment pricing, so that suggests the only way the market can unlock the supply is by the price of established growing through increase lending capacity driven by the upcoming rate cut cycle."

<img alt="Premium for new build apartments" data-entity-type="file" data-entity-uuid="65399013-dea0-4b8c-b2a3-180126e3701d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chart%20-%20premium%20for%20new%20built%20apartments.jpg?VersionId=6oTGh4Z4BAskXgYCJa1jRWZ7_Zu1ip64" />

The report forecasts rents will grow by 25 per cent ($170 per week) between 2024 and 2029 across 59 suburbs in Australian capital cities. By 2029 it’s predicted the rent for a two-bedroom apartment will exceed $600 per week across 90 per cent of precincts.

<h2>The Supply Factor</h2>

CBRE’s Apartment Vacancy and Rent Outlook 2H 2024 estimates over the next 10 years, demand for housing is expected to benefit from a combination of population growth (+3.9 million), employment growth (+2.6 million) and rising income (+$36,000).

In terms of supply, delivery of new apartments is expected to be around 50,000 per year from 2025 to 2029, but population growth is expected to require an apartment supply of approximately 75,000 per year to avoid further falls in vacancy.&nbsp;

In Sydney, apartment delivery is expected to average 12,100 per year from 2025 to 2029, well below the 30,000 average demand for housing stock per year. In the next three years, city-wide vacancy is expected to fall from 2.2 per cent to 1.5 per cent.

Apartment delivery in Melbourne is expected to average 8,700 per annum over 2025-2029, nearly 35 per cent below Sydney, however demand for housing stock is likely to average 37,000 per year over the next five years. The supply and demand inbalance should continue to drive down city-wide vacancy rates from 1.8 per cent to 1.4 per cent, CBRE suggests.

Brisbane's demand for housing stock is likely to average 18,000 per year, but apartment delivery is only expected to be 4,200 per year which should drive vacancy rates from 1.5 per cent to 0.9 per cent.

<h2>The Demand Factor</h2>

CBRE's Q3 2024 Residential Valuer Insights revealed that 43 per cent expect apartment value growth over the next 12 months, with the highest conviction in Perth and Brisbane metro.

<img alt="Demand" data-entity-type="file" data-entity-uuid="87b363ed-083e-468e-968b-5970e70a9fb4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%209.51.23%E2%80%AFAM.png?VersionId=RUJC0rPMEnFYZ2U7USz83Uh.6k9hqAPq" />

CBRE's forecast suggest 60 per cent of new supply purchases will be from owner-occupiers. Over the past 25 years, the demographic has comprised 64 per cent of all purchases.

They say that of the investor market, they see a growing share moving across to institutional build-to-rent sector, which will comprises around 22 per cent of new apartment supply, or 11,000 per year, by 2029.

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow, but a the rate cut cycle will change that


New apartment prices could jump 20 per cent by 2026 as supply forecasts tighten - is now the time to invest off the plan?

Brisbane developer&nbsp;Consolidated Properties Group&nbsp;has revealed its final release of six residences in its $450 million absolute riverfront Monarch Residences development at Toowong.&nbsp;

The Penthouse Collection encompasses the largest and most lavishly appointed apartments within Monarch Residences and the final six are hitting the market.&nbsp;

Astute buyers keen to own in what is Brisbane’s finest current apartment offering are expected to move quickly on the release, says Colliers Brisbane Director of Residential, Andrew Scriven.

“This is a once-in-a-lifetime opportunity to own such a home of this calibre, with a breathtaking landscape with vistas of the city and 130 metres of north-facing riverfront,” Scriven said.

“There will never be another place like <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.” &nbsp;

[smartcode_project:default project_id=113455 project_image_fid=302324]

The Penthouses have been curated by <a href="/developers/consolidated-properties">Consolidated Properties Group</a>&nbsp;(CPG)&nbsp;in partnership with John Wardle, the Melbourne-based Architectural Institute of Australia gold medal-winning architect, and leading national architectural practice Cottee Parker.&nbsp;

The Penthouse Collection features elevated ceiling heights, starting at a minimum of 3.2m, that create a volume of space, openness to uninterrupted views, and an abundance of natural light and river breezes.

[smartcode_project:default project_id=113455 project_image_fid=302328]

In addition, the penthouses feature premium interior finishes including Herringbone European oak timber flooring, oak finished bespoke joinery, paired with luxurious Dolce Vita quartzite benchtops and a suite of European appliances.&nbsp;

The individualised floorplans allow each penthouse to showcase its own views and unique features, ensuring each of the collection’s apartments stands out from the rest.

Apartments in the Penthouse Collection range in size between 295 sqm and 347 sqm and are priced between $5.75 million and $7.9 million.

[smartcode_project:default project_id=113455 project_image_fid=302329]

Consolidated Properties Group CEO and chairman Don O’Rorke says the final release of the Penthouse Collection is a case of leaving the best until last.

“We launched Monarch Residences in early 2023 and it’s been one of the best received residential projects in our 45-year history, as well as Brisbane’s, with the apartments now 95 per cent sold out ahead of construction completion end of next year,” O’Rorke said.

“There is no better-connected site in Brisbane with its rail, bus, ferry, pedestrian and cycleway linkages at its doorstep – and we have aimed to deliver apartments, amenities and a design ethos that does justice to the quality of the land and which reflects quintessential Queensland living.

“We have designed each penthouse as a sanctuary right in the heart of the city. They are the epitome of luxury, elegance and security overlooking the Brisbane River – the purchasers will be securing something truly special.”

[smartcode_project:default project_id=113455 project_image_fid=302327]

Architect John Wardle says that when designing interiors for The Collection, his team wanted to create a feeling of harmony and connect owners to the Brisbane Riverfront.

“Our design philosophy focuses on creating spaces that harmonise with their surroundings," Wardle says.

"The Collection not only captures breathtaking views but also embodies the true essence of what it means to live in Brisbane, ensuring residents feel a true connection to the riverfront.

“Each residence is a testament to modern design capability, sophistication, architectural excellence and remarkable construction.”

[smartcode_project:default project_id=113455 project_image_fid=211466]

&nbsp;

In addition to owning one of Brisbane’s most exclusive apartments, residents at Monarch Residences will have direct access to the historic heritage-listed Middenbury House, which sits on the site and is currently being restored and refurbished with the public able to access the house for the first time since it was built in 1865.

Monarch Residences is currently under construction with Hutchinson Builders, with an anticipated move-in by the end of 2025.&nbsp;

Prospective buyers can visit the multi-million-dollar, riverfront sales office on-site at 600 Coronation Drive, <a href="/developments/toowong-qld-4066">Toowong</a>. The sales display will be closing at the end of the year to make way for construction.

[smartcode_project_cta:default project_id=113455]

The Penthouses have been curated by Consolidated in partnership with John Wardle, the Melbourne-based Architectural Institute of Australia gold medal-winning architect, and leading national architectural practice Cottee Parker. 

Consolidated release final Penthouse Collection at Brisbane’s Monarch Residences

Mosaic Property Group, has emerged as the buyer of the development-approved Kangaroo Point site offloaded earlier this year by Woolworths.

Woolworths development arm, Fabcot, had secured approval for an impressive shoptop housing development at <a href="/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point">25 Ferry Street</a>, with 128 two and three-bedroom apartments located above a full-line Woolworths, BWS, and a cafe.

The apartments, across a 16-level building, will have city and river views.

<a href="/developers/mosaic-property-group">Mosaic</a> Founder and Managing Director, Brook Monahan, emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The prime 3,197 sqm site in the Dockside precinct has been vacant for over three decades.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="df9f7789-14df-45fe-981e-4e143de640c9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-08%20at%208.59.58%E2%80%AFAM.png?VersionId=1DfNqWWDa_UzU0yzymoRhgGK0hgwvfCz" />

"This development is not just about reviving an inactive site—it's about creating lasting value for Kangaroo Point and aligning with &nbsp;Mosaic's long-term vision of delivering exceptional, enduring projects," Monahan added.

“We are looking forward to engaging with the local community to ensure they are well informed of our plans, and how we seek to complement and add value to the area. Our commitment is not only to deliver exceptional outcomes but to foster positive, long-term connections with the people who call this area home.”&nbsp;

The project has already sparked substantial interest, with Monahan noting a strong response within Mosaic's existing network.

"The level of excitement around this development signals its potential to be one of Mosaic's defining achievements to date.

“The Kangaroo Point Peninsula is one of the most tightly held and highly sought-after locations in Brisbane, and for good reason. It has one of the best, if not the best, walk scores in the city, made even stronger now with the completion of the green bridge and soon, with a full-scale grocery store on the horizon.” &nbsp;

Colliers secured the sale on behalf of Woolworths.&nbsp;

Troy Linnane, Residential Development Sites Director, noted that development-approved sites of this scale are very rare, particularly in Kangaroo Point, one of Brisbane's most sought-after riverside suburbs, which led to strong interest in the site from local developers.

True to Mosaic's unique end-to-end business model, the company will oversee the entire development process—from detailed design and construction to long-term asset management.&nbsp;

Since 2012, Mosaic has completed over 65 developments valued at well over $2 billion, with an additional $2 billion currently in its pipeline.

“Mosaic is very grateful to continue moving forward in a market that continues to face serious headwinds, and the delivery of high-quality built form has ground to a halt," Monahan said.

"It is by no means easy, and we are in no way immune to the challenges. Still, it is in many ways what defines our business: our ability to continue delivering premium developments, backed by disciplined processes and an unwavering commitment to our customers and the communities we serve."

Mosaic has submitted a minor change application to the existing scheme designed by Cottee Parker, collaborating with renowned Brisbane-based architects BDA.

Early works are expected to commence in 2025, with project completion slated for 2027.

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape

Mosaic secures landmark Kangaroo Point development site from Woolworths

Brisbane developer Aria is reviving its South Brisbane development which is being pitched as&nbsp;‘one of the world’s greenest residential buildings.'

The sustainability-focused developer initially sought to build a 34-level tower back in 2020, before scaling the density back to 20 levels. That was approved in 2021.

Three years later, they've filed again with the Brisbane City Council, seeking to go back up to 30 levels. Proposed are 321 one, two, three, four and five-bedroom apartments, under a full rooftop amenity level, a signature feature in Aria's developments.

<img alt="Aria" data-entity-type="file" data-entity-uuid="1a4a2726-78da-4c7a-a0bc-ad953292173f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%2011.42.20%E2%80%AFAM.png?VersionId=HNjyHhrRCjW0V.LrJ40PQ9WbB7fjOTUx" />

The reason for the uplift is to take advantage of the recently gazetted&nbsp;Kurilpa Temporary Local Planning Instrument.

Urbis noted in its Town Planning Report that the TLPI&nbsp;provides for greater density, building height and reduced car parking requirements where design and sustainability benchmarks can be delivered.

"These benchmarks include design excellence, community benefit, sustainability measures and housing diversity where proposing higher density residential buildings."

They said Aria's Urban Forest&nbsp;comprises a truly iconic and world-class residential building, one which links Musgrave Park and South Bank Parklands.

"The proposal goes above and beyond the usual offering for a residential building with a level of community and public benefit that is unprecedented for any development of this scale in Brisbane – a true landmark for the city and a new benchmark for innovative subtropical design in Australia.

"This community and public benefit is made possible through the additional density allowed for by the TLPI and is more than justified through its suburban, precinct and site-level context."

<img alt="Aria" data-entity-type="file" data-entity-uuid="64a2b4d3-b412-4dc9-8fdf-601205cc29bb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-02%20at%2011.44.00%E2%80%AFAM.png?VersionId=yWbGbomfus.gsrevf0cqYk9PP1Qd4j5V" />

Renowned Japanese architecture firm Koichi Takada Architects has been in charge of the design.

"The design has a layered living facade, inviting dappled light into the balconies and living rooms," the Urban Design Report submitted to Council noted.

"Urban Forest design learns from the natural environment, using a living facade to filter air and provide ventilation while protecting windows for heat gain. The apartments and common areas enjoy fresh air improving indoor health and quality."

Urbis said the project landscape architects, LatStudios, have analysed the world’s most recognisable and acclaimed green buildings to confirm that the proposal does indeed provide the most landscaping for any residential building in the world.

The ground plane has been dedicated as a considered open space at a more intimate scale than the nearby large and medium-scale public green spaces with a variety of seating, open space, lighting, art, water features, high volume, sculptural green columns.

The 30-level tower would home 321 apartments, down from 383 apartments in the original 30-level design. There will be a variety of configurations, from one-bedroom to five-bedroom apartments.

Recreational space will be on the communal rooftop, where there will be a 50-metre infinity pool and several spas, cabanas and day beds, yoga spaces, meditation pods, and barbecue and alfresco areas.

Renowned Japanese architecture firm Koichi Takada Architects has been in charge of the design

Aria to move ahead with bulked-up 'Urban Forest' apartment development in South Brisbane

Brisbane's Bulimba is undergoing a bit of a renewal phase.

Boutique developer Engage Group is the latest developer to join the transformation, submitting new apartment plans for the riverside suburb.

They're planning a boutique shoptop housing development at 102 Oxford Street, just four apartments above a street-level shop which will complement the mixed-use offerings on Oxford Street. 
 
<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1bfe4289-ea70-4be9-ad9c-915ba16f2610" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.56.59%E2%80%AFAM.png?VersionId=FofqXGuNDWe7EA5LfmzhQsaeQh2xbXPL" />

<a href="/architects/dah-architecture">DAH Architecture</a>&nbsp;has put together for the building on a vacant 610 sqm site that is just down the road from the Bulimba ferry terminal and opposite Bulimba Memorial Park.&nbsp;&nbsp;

Each apartment will have three bedrooms and four bathrooms, as well as tandem parking for each unit. The two upper-level apartments have their own private rooftop terraces with a terrace, outdoor kitchen, firepit area, and plunge pool.

<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1b4c4f03-b921-4f8e-90c7-5b0343cf6615" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.57.09%E2%80%AFAM.png?VersionId=3nbwgoV.d9vuNvPBCklWCZoH1G5MOgx3" />

&nbsp;

&nbsp;

Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

Earlier this year Shayher Group <a href="/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">revealed the first stage</a> of its multi-stage masterplanned development, Bulimba Barracks.

The first stage is for two low-rise apartment buildings with <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">69 apartments on Apollo Road</a>, separated by a laneway from the fabrication workshop which will be restored.

Also this year, Bellevue Queensland <a href="/news/qld/rare-opportunity-to-buy-on-the-brisbane-river-as-apollo-bulimba-apartments-launch">launched Apollo Bulimba</a> on the riverfront Byron Street, just 12 apartments, while down the road architect cum developer Joe Adsett has <a href="/news/qld/first-look-exclusive-joe-adsett-partners-with-zephyr-group-for-luxury-bulimba-apartment-development-palais-bulimba">teamed up with Zephyr Group</a> to deliver 13 apartments.

Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

First look: Engage to deliver luxury apartments to Bulimba's Oxford St

“In Sydney and Melbourne, the top selling projects are more affordable. In Queensland, the Brisbane and Gold Coast markets are still targeting the luxury/premium market.” 

Affordable apartments driving Sydney and Melbourne markets, Brisbane and Gold Coast geared toward the premium: Urbis Apartment Essentials Q2 2024

Resilience Latent Defects Insurance (LDI) is reshaping the way building defects are managed in Australia, providing the most extensive cover for off the plan property buyers in the market.

<h2>What is Resilience LDI?</h2>

Resilience LDI is the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">first Latent Defects Insurance policy in Australia</a>. The insurance provides off the plan apartment buyers with a 10-year warranty for structural and waterproofing defects on both their new apartment and the building it's situated in.&nbsp;

The cover is purchased pre-construction by the property developer or builder and is designed to protect apartment owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

<h2 id="ember48">Understanding first resort strict liability Latent Defects Insurance</h2>

First resort, strict liability LDI marks a significant advancement in consumer protection in the building industry. Unlike traditional insurance, which requires proving fault or negligence, this insurance operates on a strict liability basis. This means that issues can be addressed without needing to establish fault first—a long-standing problem in new developments. This delay often leaves consumers at a disadvantage, as problems remain unresolved while legal battles drag on, leading to increased costs and frustration

With strict liability insurance, consumers are entitled to compensation without navigating the complexities of proving fault or negligence. This streamlines the claims process and ensures faster resolution, providing&nbsp;consumers with primary coverage for damages resulting from latent defects, without the need to establish fault on the part of the builder or developer.

<h2>Further strengthens build quality</h2>

Latent Defects Insurance is a key indicator of build quality.&nbsp;Before a policy is issued, the construction process undergoes rigorous inspections by accredited independent experts.&nbsp;

These inspections ensure that any defects are identified and rectified during construction, not after.&nbsp;This proactive approach means that buyers can be more confident in the quality of their new apartment.

<h2>Increase apartment value</h2>

With LDI, buyers can rest assured that their property is safeguarded against structural defects for a decade after completion. This long-term coverage adds significant value to the property, making it more appealing to future buyers and potentially increasing resale values. Subsequent buyers will benefit from LDI coverage for the remainder of the 10-year policy on their newly purchased apartment.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings.

As a buyer, LDI isn't a policy you can take out individually on your apartment. Your new development either has the Resilience Latent Defects Insurance policy or it hasn't. Several of Australia's largest developers, such as Deicorp and Urban Property Group.

Latent Defects Insurance is only being offered by Resilience Insurance in Australia. LDI has been a common policy worldwide for over seven decades, with over 40 countries offering LDI to new apartment buildings

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