The Victorian Government has secured the passage of the Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026, introducing a suite of reforms aimed at improving consumer protection and confidence in the apartment market.

Resilience Insurance, Australia’s leading Latent Defects Insurance (LDI) provider, has welcomed the move.

The LDI elements of the Bill passed with bipartisan support and now moves to the Legislative Council where debate and passage are expected later this month. It represents a significant milestone in the national shift toward stronger, longer-term protection for apartment buyers.&nbsp;

The reform would deliver practical benefits across the housing system. Apartment owners will have stronger protection if major defects emerge, developers and builders will have a clearer quality framework to work within, and the State will reduce the risk of serious building failures becoming a long-term financial and social burden for households, communities and government.&nbsp;

LDI helps support apartment delivery while providing stronger protection for buyers and encouraging better construction outcomes.&nbsp;

Resilience LDI provides apartment owners with 10 years of insurance-backed cover for major structural defects from completion, with direct claim access to the insurer. This means owners are not required to first pursue developers or builders through costly legal action before accessing protection.&nbsp;

Resilience Insurance has been operating in Australia since 2022 and has already insured hundreds of development projects covering many thousands of apartments across Australia.&nbsp;

At approximately 1.8 per cent of build cost, it is a cost-competitive alternative to the traditional two per cent Strata Bond, bond while delivering significantly broader and longer protection.&nbsp;

“The Victorian Lower House vote shows that reforms like this succeed when they are practical, evidence-based and supported by industry," says Corey Nugent, CEO of Resilience Insurance.

"Victoria is moving quickly on a reform that will make a real difference for apartment buyers, while supporting better building outcomes and greater confidence in apartment delivery.

“This is step one. We look forward to the Bill completing its passage through the Legislative Council and to working with government and industry to implement the framework effectively.”&nbsp;

Fast Facts: What is Resilience LDI?&nbsp;

<ul>
	<li>Resilience Latent Defects Insurance (LDI): Covers major structural defects for 10 years from completion.&nbsp;</li>
	<li>Consumer-first: Direct claim access, no need for lengthy legal action.&nbsp;</li>
	<li>Cost advantage: At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.&nbsp;</li>
	<li>Market leader: Resilience Insurance is the first approved LDI provider in NSW.</li>
</ul>

The Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026 has passed the Victorian Lower House, putting Victoria on track to become the first state to legislate an industry workable LDI framework as a formal alternative to the Strata Building bond. 

Joel Robinson

10-year Latent Defects Insurance for new apartment buyers set to land in Victoria

Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.

Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.

There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" />

Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.

"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."

The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;

The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;

Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a>

Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a> 
&nbsp;

Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.

The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.

Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.

The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.

<img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" />

A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.

Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.

New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.

GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.

First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.

The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.

Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.

[smartcode_project:default project_id=135876 project_image_fid=368853]

The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.

GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available.

Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.

[smartcode_project:default project_id=135876 project_image_fid=368851]

The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.

The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.

[smartcode_project:default project_id=135876 project_image_fid=368852]

For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.

GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.

"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.

"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."

[smartcode_project_cta:default project_id=135876]

GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.

The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.

The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.

<img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" />

A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.

The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.

"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.

The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.

Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."

The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.

<img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" />

The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.

S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.

Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.

John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.

First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

Cammeray

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Local developer Pierce Property have appointed the award-winning construction company Dymanic Projects to build their $14 million luxury development Riserva in Sydney's Cammeray.

Dynamic, established in 2009, have won a number of Master Builders awards and have built boutique developments before in the nearby Neutral Bay and Mosman, as well as building the Westfield in Canberra's Belconnen.

They'll start construction on the boutique development of 18 apartments designed by DKO on Sydney's lower north shore soon, with completion slated for late 2022.

Already half of the Riserva apartments have been snapped up by owner-occupiers.

[smartcode_project:default project_id=13951]

Pierce Property director Andrew Zhao said Dynamic Projects has an excellent reputation and a solid track record having delivered several similar boutique, high-end developments to an exceptional standard.

"The company’s workmanship is remarkable which aligns with our principles at Pierce Property in striving to deliver an unmatched quality for our buyers,” Mr Zhao said.

Ray White Projects managing director Eddie Mansour said Riserva Cammeray offers an exclusivity highly sought after in this part of Sydney’s prestigious lower north shore.

<a href="/buildings/riserva-63-carter-street-cammeray"><img alt="" height="1120" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/riserva_cammeray.jpg" width="1600"></a> Riversa's facade, designed by DKO. Image supplied

“With construction soon to be underway, buyers can plan to move in to their immaculate new homes by late 2022,” he said.

“Riserva Cammeray is the ultimate downsizer or empty-nester opportunity where lifestyle is really at the top of mind – a highly private and exclusive address, with sweeping views of Middle Harbour and tree top canopies – all within six kilometres to the Sydney CBD.”

The five level development has just a handful of two and three bedroom apartments remaining. Two bedders start from $1.6 million, while three bedrooms start from $2.29 million.
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Already half of the Riserva apartments have been snapped up by owner-occupiers

Construction looms at the luxury Riserva Cammeray as builder appointed

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Fortius has acquired Stockland’s Sydney lifestyle shopping centre, Cammeray Square, for $39.05 million reflecting a yield of 7%.
Cammeray Square services 1 million customers annually on Sydney’s Lower North Shore and is set over a 6,815 square metre corner site fronting Miller Street and Amherst Street.
The centre forms part of a mixed-use development comprising four buildings surrounding a central plaza, with retail tenancies situated on the ground floor, anchored by Harris Farm Markets and comprising 15 specialty shops and restaurants.
The upper levels are occupied by five commercial tenancies, including childcare operator, Only About Children, and a medical offering.
The fully leased site has a Weighted Average Lease Expiry (WALE) of 5.8 years by area.
Cushman &amp; Wakefield’s National Head of Retail Investments, Nick Potter, and Senior Executive, Billy Dent, managed the expressions of interest sale on behalf of Stockland.
The sale of Cammeray Square follows a number of other neighbourhood centre sales in New South Wales within mixed-use or potential mixed use sites brokered by Cushman &amp; Wakefield, including the sale of Abacus Property Group’s Liverpool Plaza shopping centre to a private development group for $46 million and, before that, the off-the-plan purchase of the Coles Crows Nest stratum in for $43 million.
Sam Sproats, Chief Executive Officer &amp; Executive Director, Fortius Funds Management Pty Ltd said: “The acquisition of Cammeray Square is consistent with the firm’s investment strategy of acquiring well-located innerurban retail and mixed-use assets underpinned by diverse income streams that are supported by strong and growing catchments."
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j.ballantyne1990-6AQqhLzZaK

Stockland’s Cammeray Square, Sydney acquired by Fortius for $39 million

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Channel Nine sports presenter James Bracey and wife, Margot have settled on a North Curl Curl acquisition, having sold in Cammeray.
They have paid $3.05 million for a Hamptons style home near the beach.
The four bedroom, two bathroom home has an upstairs balcony with district views and ocean glimpses.
Belle Property Dee Why agent Nick Duchatel sold the home pre-auction in 18 days.
Bracey, who left Sky News Australia in late 2016 to host the rugby league telecast on Channel Nine's The Sunday Footy Show, scored $1.65 million for his former Cammeray home.
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firstname1-iYD4UYzvBa

Channel Nine's James Bracey scores North Curl Curl purchase

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It has taken 50 days, but the Channel 9 sports presenter James Bracey has finally secured a buyer for his Cammeray home.
And there's been no price reveal, highlighting the end of those boastful boom times when everyone wanted the world to know of their over the top sale price.
Bracey had wanted $1.65 million before its mid-November auction through McGrath agent Trevor Richardson and gave the same price guidance in the weeks following.
Bracey, who shares the home with wife Margot and their golden retriever Ace, had paid $950,000 in 2013, the same year he was appointed presenter of Sky News Australia sports show SportsNight with James Bracey.
He left Sky News Australia late last year to take the Channel Nine role as host of shows including their rugby league telecasts on The Sunday Footy Show.
Bracey had updated the <a href="https://www.realestate.com.au/property-house-nsw-cammeray-126768894" target="_blank">single level, 1920s freestanding</a> Californian bungalow that has two bedrooms, one bathroom and a courtyard set in established gardens of<a href="https://www.realestate.com.au/property-house-nsw-cammeray-126768894" target="_blank"> 340 sqm</a>.
The Miller Street offering with no off-street parking was marketed as having potential for a second storey. 
His listing came as the five year long Sydney property boom ended highlighted as weekend clearance rates finished the year in the low 50s.
The era of low home loan rates continued but buyers cooled their purchasing enthusiasm.
One key reason the price growth slowed across the Sydney market was that banks would simply not lend as much.
They offered home buyers reduced loan amount approvals so when the buyers turned up at open for inspections and auctions, they had less in their pocket than what the banks would have lent to them this time last year.
Under instructions from APRA, the banks have cut tens of thousands of dollars off the maximum loan amounts in the attempt by to dampen risks of a crash in the housing market.
This article was first published in The Saturday Daily Telegraph.
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Channel Nine sports presenter James Bracey sells Cammeray home after 50 days

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Channel Nine sports presenter James Bracey pulled the Cammeray home he shares with wife Margot and their golden retriever Ace from weekend auction.
Despite Ace doing his best to slow down renovations by ripping up the front garden a few years back, it will be a windfall for Bracey when he sells. He paid $950,000 in 2013.
The now contemporary Californian bungalow has two bedrooms, one bathroom and a courtyard set amid established gardens.
<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/2017/11/23/Bracey2.jpg" alt="">
McGrath Neutral Bay agent Trevor Richardson, who had a $1.65 million price expectations, marketed the single level, 1920s home as having potential for a second storey.
It now comes with a $1.65 million asking price.
Bracey had been working at Sky News Australia since he was 19 years old before moving to Channel Nine late last year.
In 2013 he was appointed presenter of Sky News Australia new sports show SportsNight with James Bracey.
He now is the host of Channel Nine's rugby league telecasts on The Sunday Footy Show, as well as a fill-in sports presenter on Today, Weekend Today and Nine News.
This article was first published in the Sunday Telegraph.
 
 
 
 
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Channel Nine sports presenter James Bracey pulls Cammeray home from auction

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The five-bedroom, three-bathroom property at 9 Folly Point, Cammeray has been listed for sale at August 20 auction. 
The price guide for this property is $5,250,000 to $5,775,000.
Surrounded by Willoughby Bay vistas, the Art Deco building has DA approval for its redevelopment.
The <a href="https://www.realestate.com.au/property-house-nsw-cammeray-123188986" target="_blank">552 square metre property</a> has been listed by Tim Foote at Belle Property Mosman.
The median house price in Cammeray is $2.1 million according to CoreLogic.
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jonathanchancellor-7SQnKwU6yx

Cammeray trophy home under the hammer

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A waterfront property in Cammeray has possibly doubled the suburb's record with a reputed near $15 million sale.
The property was sold by Jo Mineham, the widow of former PricewaterhouseCooper CEO Leigh Mineham.
They bought in 1998 for $2.48 million commissioning architect Susan Rothwell to design the house which was finished in 2006.
The 1,170 sqm holding features boating amenities including jetty pontoon and deep water mooring for a 15.8 metre boat.
The five bedroom, six bathroom family home has private terrace views of Willoughby Bay.
The classically contemporary home features a banquet sized formal dining room and open plan lounge both fitted with fireplaces.
There is a lower level family room with kitchenette and separate bathroom which can be used as an au pair or guest accomodation.
A home office, a climate controlled wine cellar and a fully tiled, gas heated infinity pool are the most luxurious aspects the record breaking house provides.
Until the sale by Richardson &amp; Wrench Mosman agents Stephen Patrick and Geoff Grist, the record for the lower north shore suburb had stood at $7.25 million since 2008.
Leigh Minehan passed away in December 2011, having retired from PWC a year earlier, but remaining a leading light in advice to the insurance sector. He was Chairman of the Queenwood School Board and a Commodore of the Cruising Yacht Club of Australia.
The article was first published in the Sunday Telegraph.
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