<p><a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.</p>

<p>VIP buyers are now being engaged, with a full public sales launch coming later this year.</p>

<p>Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;</p>

<p>[smartcode_project:default project_id=150489 project_image_fid=371113]</p>

<p>The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;</p>

<p>CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;</p>

<p>“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;</p>

<p>[smartcode_project:default project_id=150489 project_image_fid=371114]</p>

<p>“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;</p>

<p>The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;</p>

<p>Construction is scheduled to commence in September 2026.</p>

<p>[smartcode_project_cta:default project_id=150489]</p>


Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

<p>Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.</p>

<p>Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.</p>

<p>What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.</p>

<p>The appeal is relatively straightforward: flexibility.</p>

<p>Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.</p>

<p>For apartment residents in particular, the system has become increasingly valuable.</p>

<p>Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.</p>

<p>Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.</p>

<p>That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.</p>

<p>Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.</p>

<p>The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.</p>

<p>Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.</p>

<p>Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.</p>

<p>The timing of that expansion aligns with broader changes in Australian shopping behaviour.</p>

<p>The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.</p>

<p>That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.</p>

<p>Parcel Locker systems have increasingly been viewed as part of the long-term solution.</p>

<p>The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.</p>

<p>Now, however, the convenience factor is driving mainstream usage.</p>

<p>For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.</p>

<p>The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.</p>

<p>The Parcel Locker model is also beginning to influence property development itself.</p>

<p>Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.</p>

<p>For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.</p>

<p>That reflects a wider evolution in how residential buildings are designed.</p>

<p>Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.</p>

<p>Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.</p>

<p>What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.</p>

<p>And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.</p>


How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

<p>Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.</p>

<p>Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;</p>

<p>David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;</p>

<p>“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;</p>

<p>Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;</p>

<p>At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;</p>

<p>Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;</p>

<p>Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;</p>

<p>However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.</p>

<p>Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;</p>


Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<p><a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.</p>

<p>The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" /></p>

<p>Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.</p>

<p>The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”</p>

<p>The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.</p>

<p>The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.</p>

<p>The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”</p>

<p>The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.</p>

<p>“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”</p>

<p>From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.</p>

<p>“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”</p>

<p>The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.</p>

<p>“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.</p>

<p>Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.</p>

<p>&nbsp;</p>


Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Landmark White

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<p><span>Following the recent reinstatement of Commonwealth Bank, LandMark White has now secured Westpac as resuming its valuation workflow.</span></p>
<p><span>LMW told its shareholders that still requires reinstatement from a majority of our remaining banking clients before LMW can provide reasonable financial projections.</span></p>
<p><span>It remains suspended from the ASX.</span></p>
<p><span>It was February 19 when </span>Westpac Group moved to protect the personal information and privacy of its borrowers after the recent data breach involving LandMark White Limited.</p>
<p>"We are investigating this matter and it is our immediate priority to contact and support any Westpac, St.George, Bank of Melbourne, BankSA or RAMS customers who may be affected," it advised.</p>
<p>Westpac believed only a small number of individuals are potentially impacted.</p>
<p>The data disclosed includes property valuation details and some contact details (such as names, addresses and email addresses) of the various parties involved in the property valuation process.</p>
<p>No loan application details, such as financial and identification documents, were disclosed.</p>
<p>LMW also told its shareholders today that an advertisement in today’s Australian Financial Review seeking Expressions of Interest for a “Property Services Business” did not relate to LMW.</p>
<p><span>Last month </span><span id="0.42630516083227743" class="highlight">LandMark</span> <span id="0.968883045323314" class="highlight">White</span> was reinstated by Commonwealth Bank to its panel for residential valuations.</p>
<p class="x_MsoNormal">Marking a significant step for the company after the <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">recent cyber-attack</a>, Keith Perrett, Chairman of <span id="0.4528790559001621" class="highlight">LandMark</span> <span id="0.6994427165349932" class="highlight">White</span>, said the decision made by Commonwealth Bank is an endorsement of the actions taken by the company in response to the incident.</p>
<p class="x_MsoNormal">"We’re pleased a number of financial institutions have reinstated LMW to its panel of valuation providers, including one of Australia’s major lenders.</p>
<p class="x_MsoNormal">"Commonwealth Bank recognised the risk to our company, our staff and shareholders, and reviewed the enhancements to our systems and networks in an efficient manner while also ensuring its affected customers were supported,” Mr Perrett said.</p>
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<p>The company has been working closely with financial institutions throughout the last few weeks – including all of Australia’s major lenders – to ensure its systems and networks are now subject to the highest level of security and monitoring.</p>
<p>Commonwealth Bank, as well as NAB and ANZ, <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">dropped LandMark White</a> following the attack.</p>
<p>LMW liaised with Commonwealth Bank’s Data Protect Group to assess and improve its datasecurity environment, while the company has also committed to a framework for robust risk management and continuous improvement.</p>
<p>"We’re pleased a number of financial institutions have reinstated LMW to its panel of valuation providers, including one of Australia’s major lenders. </p>
<p>“It’s a great sign of faith in our company and our people, and I thank the Commonwealth Bank for the support they have shown LMW in the last few weeks. We are confident we now have one of the most secure systems and networks for a property valuation company in Australia.”</p>
<p>“We have been a trusted member of the industry for nearly 40 years and with the support ofall the major banks, we’re confident we’ll be here for another 40 years and longer.”</p>
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j.ballantyne1990-6AQqhLzZaK

LandMark White see Westpac return after dark web data privacy breach 

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<p class="x_MsoNormal"><span><span id="0.42630516083227743" class="highlight">LandMark</span> <span id="0.968883045323314" class="highlight">White</span> has been reinstated by Commonwealth Bank to its panel for residential valuations.</span></p>
<p class="x_MsoNormal">Marking a significant step for the company after the <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">recent cyber-attack</a>, Keith Perrett, Chairman of <span id="0.4528790559001621" class="highlight">LandMark</span> <span id="0.6994427165349932" class="highlight">White</span>, said the decision made by Commonwealth Bank is an endorsement of the actions taken by the company in response to the incident.</p>
<p class="x_MsoNormal">"We’re pleased a number of financial institutions have reinstated LMW to its panel of valuation providers, including one of Australia’s major lenders.</p>
<p class="x_MsoNormal">"Commonwealth Bank recognised the risk to our company, our staff and shareholders, and reviewed the enhancements to our systems and networks in an efficient manner while also ensuring its affected customers were supported,” Mr Perrett said.</p>
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<p><span>The company has been working closely with financial institutions throughout the last few weeks </span><span>– including all of Australia’s major lenders – </span><span>to ensure its systems and networks are now subject to the highest level of security and monitoring.</span></p>
<p>Commonwealth Bank, as well as NAB and ANZ, <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">dropped LandMark White</a> following the attack.</p>
<p><span>LMW liaised with Commonwealth Bank’s Data Protect Group to assess and improve its data</span><span>security environment, while the company has also committed to a framework for robust risk management and continuous improvement.</span></p>
<p><span>"</span><span>We’re </span><span>pleased a number of financial institutions have reinstated LMW to its panel of valuation providers</span><span>, including one of Australia’s major lenders</span><span>. </span></p>
<p><span>“</span><span>It</span><span>’s </span><span>a great sign of faith in our company and our people, and I thank the Commonwealth Bank for the support they have shown LMW in the last few weeks. We are confident we now have one of the most secure systems and networks for a property valuation company in Australia</span><span>.”</span></p>
<p><span>“W</span><span>e have been a trusted member of the industry for nearly 40 years and with the support of</span><span>all the major banks, we’re confident we’ll be here </span><span>for another 40 years and longer.</span><span>”</span></p>
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CommBank resumes LandMark White valuations

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<p>The Australian Property Institute (API) is rallying to support the property industry in the wake of recent cyber attacks on Australian organisations.</p>
<p>The announcement comes after property valuation firm Landmark White (LMW) saw data sets stolen and listed <a href="/news/landmark-white-valuation-data-available-on-dark-web-forum-after-data-breach">on the dark web</a>.</p>
<p>The Landmark White case saw its boss, Chris Coonan, <a href="/news/landmark-white-chief-chris-coonan-quits-following-dark-web-data-security-breach">step down from his role</a>.</p>
<p>Amelia Hodge, CEO of API, said any enterprise can be caught by cyber crime.</p>
<p>“Cyber attacks are criminal acts, and recent cybercrime by unknown perpetrators on a range of Australian private and public sector entities demonstrate that any enterprise of any size can fall victim," Hodge said.</p>
<p>“Our concern is obviously for our members and the clients impacted by these criminal acts. </p>
<p>"We are here to fully support those impacted in any way we can. We have just under 400 API families directly impacted by the suspensions and it is important to move to a business as usual state as quickly as possible.”<br><br>LMW is not alone. In February, the Federal Government announced that the Australian Parliament and political parties had also been subject to cyber attacks. </p>
<p>Hodge said that in the case of LMW, the company has reported that the personal information disclosed ranges from relatively benign and publicly available, to, in a small number of cases, more detailed category identification information.</p>
<p>“We are further informed that the breach was isolated, that it has been fully investigated by the relevant authorities and there is no evidence of misuse of any of that personal information,” Hodge said.<br><br>LMW have been working with independent cyber security consultants, along with the Australian Cyber Security Centre (ACSC) and the Office of the Australian Information Commissioner, to ensure client information and LMW’s network is secure. <br><br>“Cyber attacks represent just one of the risks businesses face simply because they are in business,” Hodge said.</p>
<p>“Because they are criminal acts, no business is immune. While it is not possible for enterprises to completely remove all cybercrime risk, it is possible to prepare for the possibility, mitigate the risk, contain and remediate any damage following a cyber attack and, in the interests of all, be able to return to business-as-usual as soon as the risk is satisfactorily resolved.”</p>
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jonathanchancellor-7SQnKwU6yx

Australian Property Institute rallies to support industry in wake of cybercrime

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<p>Chris Coonan, the chief executive of Landmark White, has resigned from his post following the cyber security breach that saw thousands of records posted on the darkweb.</p>
<p>Coonan had spent over 14 years at the embattled property services company, who have <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">lost a string of major clients</a> including CBA, NAB and ANZ since a dataset containing property valuation and personal contact information <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">stolen last month</a>.</p>
<p>He was named CEO in 2016, having previously been the national director for residential valuations.</p>
<p>Landmark White have been under fire from all angles since the dataset was <a href="/news/landmark-white-valuation-data-available-on-dark-web-forum-after-data-breach">listed on the dark web</a> in February.</p>
<p>"We can now share that on 30 December 2018, we received a message through the 'Live Chat' messaging service on our website, providing us with a link to the dark web," the company advised at the time.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system."</p>
<p>"We do not know the identity of the individual," it added.</p>
<p>Its investigations reveal that the dataset contained:</p>
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<li>approximately 137,500 unique valuation records, and approximately 1,680 supporting documents.</li>
<li>approximately 250,000 individual records in total but a lot of records are duplicates.</li>
<li>The date of the documents range between approximately 4 January 2011 and 20 January 2019. </li>
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<p>The board has also announced that co-founder of LMW, Glen White, and Frank Hardiman will stand down as a Non-Executive Directors of the company.</p>
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<p>Glen established the Queensland practice that became Landmark White in 1982 and served as a Non-Executive Chairman between December 2015 and May 2018.</p>
<p>Frank was the Chief Financial Officer and Company Secretary of LMW between 2011 and 2016, before being appointed a Non-Executive Director of the company.</p>
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<p>The board acknowledged Chris’ tireless efforts in his role, but agreed that the changing nature of the business and market conditions – combined with major reputational challenges caused by the recent cyber-attack – had changed the requirements for the executive leadership of LMW.</p>
<p>In the interim, it announced the appointment of Timothy Rabbitt as Acting Chief Executive Officer of LMW.</p>
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<p>In October 2018, LMW announced a merger with Taylor Byrne to further cement LMW's position as the largest, locally owned ASX-listed valuation property services business.</p>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has over 400 staff.</p>
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jrobinson-rf4aSBido9

Landmark White chief Chris Coonan quits following dark web data security breach

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<p>Westpac has confirmed it had joined Australia's three other major banks in not sending any further valuation work to LandMark White.</p>
<p data-gtm-vis-first-on-screen-6236702_632="1550610401672" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-recent-on-screen-6236702_632="1550610405836" data-gtm-vis-has-fired-6236702_632="1">"Our immediate priority is to contact customers who may have been impacted," a Westpac spokesperson said.</p>
<p>"We are aware of a personal data leak involving LandMark White, a contracted service provider which conducts property valuations on our behalf," a Westpac spokesperson said.</p>
<p>It came a week after the other big banks pulled their requirement for LMW valuations on property for mortgage applications.</p>
<p><span>Independent LandMark White holds around 20 per cent share of the residential market with a further</span> eight major property valuers, most of which are subsidiaries of large real estate agencies.</p>
<p>LandmarkWhite has also again suspended its shares from trading on the stockmarket, in the wake of stolen valuation records being posted on a dark-web forum for 10 days.</p>
<p>It suggests <a href="/news/landmark-white-blames-ill-informed-public-commentary-on-its-dark-web-data-breach-for-further-asx-share-suspension">the trading halt could be for as long as a month</a>.</p>
<p>The company advised shareholders that LMW had lost work from a significant number of clients which was "impacting our revenues, profitability and cashflows."</p>
<p>Only yesterday it indicated the valuation clients were likely to return.</p>
<p>"At this point in time we are unable to ascertain when these clients will reinstate LMW and hence when LMW will be in a position to assess with any certainty the financial impact of the incident," LMW updated the market at lunchtime Tuesday.</p>
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<p>"In addition, LMW anticipates that continued public commentary does not allow for an informed market for trading in LMW securities."</p>
<p>LMW expects that it would be able to provide the market with accurate information relating to the financial impact of the incident and hence a forecast for FY2019 within the next two to four weeks and lift the suspension at that time.</p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="/news/landmark-white-valuation-data-available-on-dark-web-forum-after-data-breach">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="/news/landmark-white-enters-trading-halt-after-banks-suspend-its-use">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">stopped using LMW valuations</a>.</p>
<p>Westpac Group said it "takes the protection of personal information and privacy extremely seriously."</p>
<p>"We are investigating this matter and it is our immediate priority to contact and support any Westpac, St.George, Bank of Melbourne, BankSA or RAMS customers who may be affected.<br> </p>
<p>"At this stage, we believe only a small number of individuals are potentially impacted.</p>
<p>"The data disclosed includes property valuation details and some contact details (such as names, addresses and email addresses) of the various parties involved in the property valuation process.</p>
<p>"No loan application details, such as financial and identification documents, were disclosed.</p>
<p>"While we investigate the matter, we have also suspended sending any further work to LandMark White," Westpac told its customers.</p>
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Westpac stops sending property valuation work to LandMark White after data breach

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<p><span>LandmarkWhite has again suspended its shares from trading on the stockmarket, in the wake of<span> </span>stolen valuation records being posted on a dark-web forum for 10 days<span>.</span></span></p>
<p><span>It suggests the trading halt could be for as long as a month.</span></p>
<p><span>The company advised shareholders that </span>LMW had lost work from a significant number of clients which was "impacting our revenues, profitability and cashflows."</p>
<p><a href="/news/westpac-stops-sending-property-valuation-work-to-landmark-white-after-data-breach">Westpac confirmed</a> it had joined Australia's three other major banks in not sending any further valuation work to LandMark White.</p>
<p>Only yesterday it indicated the valuation clients were likely to return.</p>
<p>"At this point in time we are unable to ascertain when these clients will reinstate LMW and hence when LMW will be in a position to assess with any certainty the financial impact of the incident," LMW updated the market at lunchtime Tuesday.</p>
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<p><span>"In addition, LMW anticipates that continued public commentary does not allow for an informed market for trading in LMW securities."</span></p>
<p><span>LMW expects that it would be able to provide the market with accurate information relating to the financial impact of the incident and hence a forecast for FY2019 within the next two to four weeks and lift the suspension at that time.</span></p>
<p>The clients  that pulled their business in the wake of a data breach included three of the big four banks.</p>
<p>On Monday the shares in the property valuation firm fell 10 percent to 38 cents after it resumed trading after its major data breach.</p>
<p>It was trading at 45 cents prior to its initial advisory of a privacy breach.</p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="/news/landmark-white-valuation-data-available-on-dark-web-forum-after-data-breach">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="/news/landmark-white-enters-trading-halt-after-banks-suspend-its-use">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">stopped using LMW valuations</a>.</p>
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<p>"We anticipate that the suspensions will be progressively lifted over the coming days and that workflows will return to more normal levels by the end of the month," it told shareholders on Monday.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</p>
<p>"LMW has been working with independent cyber security consultants, along with the Australian Cyber Security Centre and the Office of the Australian Information Commissioner, to ensure client information and LMW’s network is secure.</p>
<p>LMW has not obtained any evidence that the data has been misused.</p>
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jchancellor-FAypfDUnLy

LandMark White blames ill-informed public commentary on its dark web data breach for further ASX share suspension

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<p><span>The shares in the property valuation firm </span><span>Landmark White</span><span> fell 10 percent to 38 cents after it resumed trading after a major </span><span>data breach</span><span>.</span></p>
<p><span>It was trading at 45 cents prior to its initial advisory of a privacy breach.</span></p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="/news/landmark-white-valuation-data-available-on-dark-web-forum-after-data-breach">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="/news/landmark-white-enters-trading-halt-after-banks-suspend-its-use">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">stopped using LMW valuations</a>.</p>
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<p><span>"We anticipate that the suspensions will be progressively lifted over the coming days and that workflows will return to more normal levels by the end of the month," it told shareholders today.</span></p>
<p><span>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</span></p>
<p><span>"</span>LMW has been working with independent cyber security consultants, along with the Australian Cyber Security Centre and the Office of the Australian Information Commissioner, to ensure client information and LMW’s network is secure.</p>
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<p><span>"Having assessed the severity of the incident and confirming that the personal information disclosed is relatively benign, the breach was isolated and has been closed. LMW continues to work with the affected corporate partners to lift suspensions, recover work flows and return to business as usual. LMW has not obtained any evidence that the data has been misused."</span></p>
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LandMark White shares fall 10 percent after dark web data revelation

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<p>Landmark White has advised its investigations reveal that an unknown third party posted an illegally downloaded valuation dataset on a dark web forum for 10 days in late January 2019.</p>
<p>Its advisory came a day after it <a href="/news/landmark-white-enters-trading-halt-after-banks-suspend-its-use">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">stopped using LMW valuations</a>.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</p>
<p>"We do not know the identity of the individual," it added.</p>
<p>Its investigations reveal that the dataset contained:</p>
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<li>approximately 137,500 unique valuation records, and approximately 1,680 supporting documents.</li>
<li>approximately 250,000 individual records in total but a lot of records are duplicates.</li>
<li>The date of the documents range between approximately 4 January 2011 and 20 January 2019.</li>
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<p>"We can now share that on 30 December 2018, we received a message through the 'Live Chat' messaging service on our website, providing us with a link to the dark web. </p>
<p>"As part of our standard operating procedure, we investigated this and as we could not access the dark web link provided, at that time this was discounted as spam."</p>
<p>On 10 January 2019, the LMW team received an email from the Australian Cyber Security Centre alerting LMW to a vulnerability. </p>
<p>The <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">breached valuation data</a> has since been taken offline as at 10 February 2019.</p>
<p>"We do not know how many people accessed the dataset throughout the approximately 10 days that it was available on the dark web."</p>
<p>The dark web details are advised in its incident update as at 15 February recommending that all potentially impacted individuals remain vigilant against a potential risk of receiving phishing and other spam communications from organisations purporting to be LandMark White or one of our lending clients.</p>
<p>"Although LandMark White is one of the victims of this cybercrime, we take responsibility for this incident and deeply and sincerely regret that this incident has occurred," the company advised.</p>
<p>"We remain committed to achieving the best possible outcome for all parties that may be impacted, and we are focused on supporting our partners and their customers in the wake of this incident."</p>
<p>LMW is an Australian property valuation and consultancy firm which was founded in 1982 and listed on the Australian Stock Exchange in 2003, employing 450 staff across Australia.</p>
<p>On 23 January 2019, LMW closed off a security vulnerability identified in one of its valuation platforms.</p>
<p>"We have engaged leading privacy, digital forensic and cyber security consultants who have confirmed that the data disclosure relates to the vulnerability which had been secured. We can confirm that the disclosed dataset does not include loan application, date of birth, or other sensitive information."</p>
<p>The dataset contained property valuation and some personal contact information of borrowers, lenders, homeowners, residents, and property agents. </p>
<p>There was also a small subset of supporting documents relevant to the valuation assessment contained in the dataset, such as contracts for the sale of land, council rates, and strata reports.</p>
<p>There was no evidence of misuse of any personal information, although LMW advise it will continue to closely monitor for this together with industry partners. </p>
<p>LMW confirmed that no loan application details, including financial and identity documents, are contained within the dataset.</p>
<p>"We can also confirm that no date of birth records, personal bank account details, payment or credit card details, username and password or other credentials, or other sensitive information exists in the dataset.</p>
<p>Independent security consultants have confirmed that the data was accessed via an exposed programming interface on one of LMW's valuation platforms.</p>
<p>"We had already taken steps in January 2019 to block direct access to this interface to prevent any ongoing data disclosure, and it is no longer directly accessible from the internet."</p>
<p>LandMark White advised it was adopting a "very cautionary position" and assuming that a subset of its valuation requests received by LandMark White during the period 4 January 2011 and 23 January 2019 may potentially be at risk. </p>
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Landmark White valuation data available on dark web forum after data breach

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<p>LandMark White have entered a trading halt following the suspended use of its services from some of Australia's major banks.</p>
<p>NAB joined Commonwealth Bank and ANZ in <a href="/news/banks-drop-landmark-white-valuations-after-data-breach">suspended the services</a> of the listed valuation company following a data breach.</p>
<p>Shares halted at ¢42, their lowest value since early 2014 when they sat at ¢41.</p>
<p>In 2017 they peaked at ¢75.</p>
<p>Up to 100,000 customers had personal information, including property valuations, phone numbers and dates of birth leaked as part <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">data breach at LandMark White</a>, according to Nine Entertainment.</p>
<p>"We are not in a position to say how many individuals are likely at risk as a result of the incident at this point although this remains under close review," LMW advised yesterday.</p>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has a long and proud heritage of providing independent professional property services to people and companies across Australia.</p>
<p>LMW has over 400 property professionals across 40 plus locations Australia wide.</p>
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LandMark White enters trading halt after banks suspend its use

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<p>The fallout from a data breach at the listed valuation company LandMark White has seen National Australia Bank suspending its use of the firm, joining Commonwealth Bank and ANZ.</p>
<p><span>"We are not in a position to say how many individuals are likely at risk as a result of the incident at this point although this remains under close review," LMW advised yesterday.</span></p>
<p>Up to 100,000 customers, according to Nine Entertainment, had personal information including property valuations, phone numbers and dates of birth leaked as part of the <a href="/news/landmark-white-limited-reports-property-valuations-data-breach">data breach at LandMark White</a>.</p>
<p>ANZ’s chief data officer, Emma Gray, said it involved a very small percentage of its customers who had valuations undertaken between November 2015 and December 2018 who are potentially impacted.</p>
<p><span>“As a result of this incident ANZ has currently suspended use of the services of the valuation provider at the centre of the investigations."</span></p>
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<p>LandMark White's share price is down slightly from 44 cents to 42 cents since the ASX listed company revealed the breach.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088100368" data-gtm-vis-first-on-screen-6236702_632="1550088100368" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">LandMark White is one of the biggest valuation firms used by banks and lenders for assessing mortgage applications. </p>
<p>LMW chairman Keith Perrett said the group had been communicating constantly with its business partners in the face of a complex attack on the business.</p>
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<div>''We are very pleased to hear from our external advisors that the breach was isolated to a single system, that the source of the disclosure had been closed, and that there is no ongoing suspicious activity across our network,'' Mr Perrett.</div>
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<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1"><a href="/news/what-are-landmark-white-doing-about-property-valuations-data-breach">LandMark White have been working</a> closely with the relevant government agencies, including the Australian Cyber Security Centre and the Office of the Australian Information Commissioner.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">Before the breach, the group issued a 25 per cent downgrade in its profits for the first half to December 31, 2018, in late January, saying it had experienced a significant reduction in valuation instructions from the first-tier lenders.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">It was February 5 when LandMark White Limited became aware that a dataset containing property valuation and personal contact information had been disclosed.</p>
<p>"We take the privacy and security of our data very seriously, and we are working closely with cyber security consultants to investigate the circumstances of the disclosure of the dataset," LMW told the ASX.</p>
<p>LMW became aware through one if its corporate partners, CoreLogic.</p>
<p>"We have taken immediate steps to secure what we believe to be the source of the disclosure to prevent any further disclosure of data.</p>
<p>"Currently there is no evidence of misuse of any information although this remains under close review."</p>
<p>Property valuer LandMark White Limited has blamed an exposed API for the leak of a dataset that included property valuation details and contact information of a range of individuals held by the company.</p>
<p>The security vulnerability responsible for the breach — “an exposed programming interface on one of our valuation platforms” — was closed on 23 January, according to the company.</p>
<p>“At that point, we were not aware that there had been any data disclosure,” an update released today for people affected by the breach states.</p>
<div>
<div id="gpt-ad-interscroller-5935221" class="gpt-ad" data-gpt-ad-unit-path="/8456/IDG.AU_B2B_ComputerWorld.com.au/security_section" data-gpt-size-mapping="[[[0, 0], [[3, 3]]]]" data-gpt-sizes="[[3, 3]]" data-gpt-targeting='{"node": ["657662"], "idgau_tax": ["news"], "country": ["AU"], "site": ["cw"], "kw": ["data", "cyber+security", "data+breach"], "sect": ["security"], "idgau_search_referrer": ["no"], "type": ["article"]}' data-google-query-id="CJjZirDFueACFYQPKwod2vcO-w">“Having since become aware of the disclosure on 4 February 2019, we have worked to confirm that the data disclosure relates to the vulnerability which had been previously secured.”</div>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has a long and proud heritage of providing independent professional property services to people and companies across Australia.</p>
<p>LMW has over 400 property professionals across 40 plus locations Australia wide.</p>
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