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“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into.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

Claremont

Work is set to begin on Iris Residential’s The Terraces, Claremont development early in 2023, with BGC Construction appointed to build what is expected to be Australia’s most sustainable large-scale apartment project.&nbsp;

The local construction group will soon begin building the $150 million development, in is the final piece of the puzzle in DevelopmentWA's sought-after Claremont on the Park precinct.&nbsp;

The eight-storey, 137-apartment luxury building, which is scheduled for completion by late 2024, will set a new benchmark for sustainable residential development in Australia – with the project achieving an industry-leading average 8.05-star Nationwide House Energy Rating Scheme (NatHERS) rating.

NatHERS ratings are used to predict the amount of heating or cooling dwellings need to stay comfortable in all weather conditions. In Australia, residential developments are required to meet a minimum 6-star NatHERS standard.

[smartcode_project:default project_id=111894 project_image_fid=190182]

Iris Residential Managing Director, Simon Trevisan said the 8.05-star rating is something they don’t believe has been achieved in any other large-scale residential development anywhere in Australia.

“Most apartment developments of this size come in at the 7 to 7.5-star level, and certainly we haven’t been able to find anything comparable out there in the market either here in Western Australia or on the east coast.”&nbsp;

The highest-rated residences at the HASSELL-designed project reach 9.7 stars on the 10-star scale, which means those apartments are virtually self-lighting and self-climate controlled, while close to 30 per cent of the apartments at The Terraces will achieve a 9-star NatHERS rating.

A comprehensive suite of sustainability features will reduce energy use by 35 per cent, including natural cross ventilation over 92 per cent of residences and a 40 per cent reduction in internal lighting energy consumption.

Double glazing, sliding balcony screens, enhanced breezeways and a northerly orientation for all apartments will ensure buyers are comfortable year-round, no matter the weather, without having to rely on artificial heating or cooling.

Trevisan said he anticipated sustainability performance at The Terraces would resonate strongly with buyers on a number of fronts.

[smartcode_project:default project_id=111894 project_image_fid=190170]

“This is what sustainable design is about – there are no compromises, no greenwashing,” he said.&nbsp;

“The greenhouse gas emissions benefit via electricity use reduction is real and measurable, and the cost savings from significantly lower power bills are also tangible. A strong sustainability performance means reduced costs for homeowners, whether we’re talking about their power bills or strata levies.

“A more intangible, though absolutely important, benefit is the quality of life that comes from living in a space filled with natural light and fresh air. First and foremost we’re about delivering comfortable homes for people, and it should be the most comfortable home we can provide,”&nbsp;Trevisan added.

Located along the boundary of the historic Claremont Oval, The Terraces sit in the heart of the affluent Claremont locale, set to take advantage of all the area has to offer, with the suburb home to river vistas, leafy parklands and many of Perth’s most exclusive boutique retail outlets.

Residents at The Terraces will also benefit from the close proximity to Claremont train station, now offering direct access to the new Forrestfield-Airport METRONET link, reducing the need for car travel and further adding to the development’s sustainability credentials.

[smartcode_project:default project_id=111894 project_image_fid=190179]

Trevisan said sustainability was a key element in Iris Residential’s development strategy, acknowledging that residential developers had a big role to play in achieving emissions reductions targets.

“Iris has been a leader in sustainable development in Western Australia for decades, it’s a key part of our point of difference in the apartments space,” he said.

“According to the Department of Climate Change, Energy, Environment and water, energy use in residential buildings accounts for 24 per cent of overall electricity use and 12 per cent of total carbon emissions.

“By increasing energy efficiency, households not only enjoy lower energy bills but have higher quality of life, while also being satisfied in the knowledge that they are making a real contribution to addressing climate change.”

The Terraces will join BGC’s already sustainable portfolio, with the Western Australian builders committed to creating environmentally-friendly developments.&nbsp;

“We have a desire to reduce environmental impacts as effectively as we can, with a strong focus on positive environmental outcomes,” they say.&nbsp;

“We place an emphasis on targeting projects with a significant environmental design factor.”

[smartcode_project:default project_id=111894 project_image_fid=190173]

BGC has also strung together a list of awards over their time, most recently being awarded the 2022 MBA WA Excellence in Construction award for the best regional project.&nbsp;

The group previously worked on Iris’ Shenton Park project, Shenton Quarter, which is slated for completion by early next year.&nbsp;

The mixed-use development was one of the first projects to be endorsed by the State Design Review Panel and was commended for its best-practice sustainability features, which have been designed to achieve the equivalent of a 4-star Green Star rating.

DevelopmentWA acting Chief Executive Dean Mudford said close consultancy with town planning firm Element will ensure that The Terraces will integrate seamlessly into the multi award-winning precinct, Claremont on the Park.

“As the Western Australian Government’s development agency, DevelopmentWA has a critical role in helping lead the way to a more sustainable way of living – ensuring the communities and projects we deliver demonstrate new, smarter ways to live and work,” Mudford said.&nbsp;

“At Claremont on the Park, sustainable development has been a fundamental part of our vision in creating this thriving, connected and award-winning precinct, and it’s been really pleasing to see industry embrace that vision as the project has taken shape."

“With what is expected to be a nation-leading sustainability performance, The Terraces is an outstanding example of what can be achieved as part of a master-planned and focused approach to precinct-scale development,” he added.&nbsp;&nbsp;

[smartcode_project:default project_id=111894 project_image_fid=190180]

Australian private debt provider, Metrics Credit Partners, funded the acquisition of the land in 2021 and continues to support the project as it moves through to the development phase.

Metrics Managing Partner Andrew Lockhart said that from a lender’s point of view, the sustainability outcomes of The Terraces improved the marketability of the finished residences, helping to mitigate credit risks.

“ESG and sustainability factors are at the heart of Metrics’ approach to assessing and managing risk for investors,” Lockhart said.

“We are delighted to see such great alignment between the developer, buyers and financiers to achieve meaningful advances in the sustainability factors for residential developments – and these are clearly demonstrated in The Terraces.”

[smartcode_project_cta:default project_id=111894]

The eight-storey, 137-apartment luxury building, which is scheduled for completion by late 2024, will set a new benchmark for sustainable residential development in Australia – with the project achieving an industry-leading average 8.05-star Nationwide House Energy Rating Scheme (NatHERS) rating.

alisonwarters@gmail.com

Australia’s greenest apartments set to take shape in Claremont

Located among the tree-lined streets of Claremont, The Terraces lands in the heart of Perth’s affluent western suburbs, where traditional, character homes sit side by side with modern architecture.

Perth property developers, Iris Residential have taken to the sought-after suburb, building something special that blends into its context.&nbsp;

Delivering a collection of one, two and three-bedroom apartments&nbsp;across a seven-storey building, the residences sit on the boundary of the historic Claremont Oval.

[smartcode_project:default project_id=111894 project_image_fid=190184]

With the suburb home to river vistas, leafy parklands and many of Perth’s most exclusive boutique retail outlets, it comes with a village atmosphere with a vibrant community, along with a range of high-quality amenities.

Claremont Train Station sits behind the site, providing links to neighbouring suburbs and the Perth CBD.

But for those looking to stay close to home, The Terraces fall within walking distance to a range of eateries, cafes, boutiques, and shopping options.

&nbsp;

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Residents of the north-facing apartments are within walking distance to Perth’s premium shopping and lifestyle destination, Claremont Quarter, which consists a large range of boutique brands and dining options, just 240 metres from The Terraces.

On the doorstep of The Terraces is Mart St Bakery and IGA, which is just a minute’s walk, while for those looking to get their exercise in, the Claremont project is surrounded by a wealth of fitness and recreational amenity.

Revo Fitness and Claremont Football Club find their home within Claremont Oval, while Claremont Lawn Tennis Club, Claremont Aquatic Centre and Lake Claremont Golf, all lie within 600 metres of The Terraces.

Stepping further out from The Terraces, the development is nestled amongst some of the Swan River’s neighbouring suburbs, which comes with it the nearby coastline.

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Are number of Perth’s most pristine beaches can be reached by car within 10-minutes, with Swanbourne Beach, Cottesloe Beach and Leighton Beach all nearby.

One, two and three-bedroom apartments can still be snapped up within the Perth project, before its offical public lunch.&nbsp;&nbsp;

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With the suburb home to river vistas, leafy parklands and many of Perth’s most exclusive boutique retail outlets, it comes with a village atmosphere with a vibrant community, along with a range of high-quality amenities.



 How Iris Residential’s The Terraces is offering the premium Claremont lifestyle 

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A Perth home, architecturally crafted with a Romanesque design has been brought to market.
The three bedroom Claremont home was created by architect Richard Reilly in 1960s, built around a central swimming pool and courtyard.
Its Romanesque design includes vast floor to ceiling windows and large recessed sliding doors that when open create wide walkways and connect the home to the outdoors.
The luxury master bedroom has its own walk in wardrobe, ensuite and direct access to the central courtyard.
There are a further two bedrooms, three bathrooms, a home office a designer kitchen renovated by Leon House in 2014.
There's also a reticulated veggie plot and a number of fruit trees.
Jody Fewster of Ray White Cottesloe/Mosman Park is asking for offers in the high $2 million range.
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Romanesque Claremont trophy home hits the market

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A Claremont home that once belonged for the former Minister for Foreign Affairs Julie Bishop has been listed for sale.
Bishop owned the property for six years in the 1990s, when she was a Perth lawyer.
She paid $435,000 in 1993, $5,000 less than it traded for in 1991, and went on to sell it for $1.05 million in 1999, a year after she was elected to the House of Representatives.
Last traded for $1.63 million in 2003, the buyers have since restored and enhanced the grand single level 1900s Federation home on 1,265 square metres.
Behind its tuck-pointed exterior, the home has four bedrooms, three bathrooms and three living rooms.
Offers close December 11 through Ray White Cottesloe agent Jody Fewster.
This article was first published in the Weekend Australian.  
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Julie Bishop's former Claremont home listed

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Joel Van Sanden has listed Claremont House, just north of Hobart.
Since the Italianate mansion was bought in 2007, it has cost an estimated $2 million to return it to its former glory.
There is only one small room left that needs attention out of the 33 rooms.
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The main house offers 10 bedrooms and eight bathrooms while a 1916-built cottage is a three-bedroom single-bathroom space.
It comes now with an established restaurant, a thriving accommodation business with 10 rooms, plus there is a 24/7 liquor license for consumption on the premises.
While Joel can see someone wanting to buy Claremont House and turn it back into a grand private residence, he told the Hobart Mercury that would be a shame.
“Part of the joy of living here has been sharing it with people,” he said.
It has been listed through Nest Property agent Cam Rogers
<a href="https://www.realestate.com.au/property-house-tas-claremont-128161046" target="_blank">Located at 12 Lady Clark Avenue, </a>Claremont comes with an approved plan for a 20 room extension to the original home.
The house size is 1640 square metres, while the land area is 1.97 hecatres.
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Tasmanian Italianate treasure Claremont House hits the market 

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The Lightingales retail premises in Claremont, Western Australia, has sold for $3.05 million within 24 hours of being listed for sale through Savills.
Agent Barney Dear brokered the deal for the showroom at 269 Stirling Highway on behalf of a private investor.
The sale was at a yield of 5.36% and a land rate of $3,011 per square metre.
“Selling this property so quickly from the commencement of its campaign launch is a clear demonstration of the strong demand for well-located leased investments in Perth’s western suburbs,” Dear said.
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Lightingales, Claremont premises quickly switches owners through Savills

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A 1913 home at Claremont is up for sale.
Located at <a href="https://www.realestate.com.au/property-house-wa-claremont-124147466">22 Parry Street</a>, the property has Federation Queen Anne architectural features.
From its 1300 sqm position on Claremont Hill it has views towards the hills from the upper level. It last sold in 1995 at $888,000.
The Claremont Quarter, Swanbourne and the Swan River foreshore is within walking distance with Cottesloe and Swanbourne beaches just minutes away.
Modern renovations blend with its original character which includes high ceilings, wraparound verandahs, intricate ceiling roses, arched hallways and polished jarrah floors.
The contemporary open plan spaces features honed granite, marble and stainless steel in the five bedroom, four bathroom house.
The gardens are filled with winding paths, roses, north facing olive grove, rolling lawns.
There are secret hideaways under the shade of an ancient tree plus a swimming pool with entertaining terrace.
It comes with a self contained garden studio.
The December 14 auction is through through LJ Hooker agents John Hunter and Vivien Yap.
There was a $2.5 million sale last month on the street of a four bedroom 1902 house on 910 sq m, having been initially listed in October last year at $2,995,000.
There was also a four bedroom 1910 house on a 900 sq m block on the street that sold recently for $2.05 million.
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