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

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

Joel Robinson

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

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

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

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

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

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

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

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

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

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

Point Piper

The exclusive Point Piper development, Piper, a rare new development in Australia&#39;s most affluent suburb, has been a hit with buyers all over Sydney.

The project, a collaboration between two prominent eastern suburbs developers&nbsp;Fortis and Dare, has flown through the 50 per cent sold mark in just a few months, having launched the boutique collection of just 15 residences at the back end of March.

CBRE Residential Projects head&nbsp;Ben Stewart said&nbsp;they were seeing buyer enquiry coming in from everywhere from the inner west and lower north shore, with locals from Vaucluse and Dover Heights also showing keen interest.

[smartcode_project:default project_id=6126 project_image_fid=191994]

There was even a sale to a soon-to-be downsizing owner-occupier from Point Piper&#39;s exclusive Wolseley Road, who were looking for something brand new.

&ldquo;It&rsquo;s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish,&quot; Stewart says.

&quot;The apartments on offer&nbsp;a great size, anywhere from&nbsp;200 sqm to 250 sqm internal, while also still incorporating a few special features, such as some feature a swimming pool, or big gardens,&quot; Stewart added.

[smartcode_project:default project_id=6126 project_image_fid=199320]

&quot;The apartments are beautifully appointed with very high-level finishes, and a number of enticing factors that are turning people toward Piper.&quot;&nbsp;

Sharing its postcode with some of Australia&rsquo;s most prestigious and historic homes, Piper delivers on its vision with interiors by leading interior design studio, Mim Design, and acclaimed landscape architects, Dangar Barin Smith.

Inspired by the intimacy and grandeur of a private estate, Piper delivers a mix of two, three and four-bedroom apartments across the four-level building.

[smartcode_project:default project_id=6126 project_image_fid=199321]

Each apartments features soaring ceiling, open layouts and large living, entertaining and outdoor areas, with some even including their own private pool.

Stewart says the latest interest rate movements haven&#39;t put buyers off, in fact, it&#39;s been the opposite.

[smartcode_project:default project_id=6126 project_image_fid=191996]

&quot;Those buyers who are looking at an of​f the plan property,&nbsp;particularly those not due to be complete for another few years, haven&#39;t shown too much concern about the current interest rate hikes,&quot; Stewart says.

&quot;Where for the last six to 12 months we&#39;ve seen people locking in interest rates, we&#39;re now seeing people jumping into the off the pl​an market, hedging their bets that rates will be coming back down in 18 months or so when projects come up for completion.&quot;

Stewart also says buyers are believing now is the right time to move into the apartment space, with the price gap between houses and apartments at record highs.

[smartcode_project_cta: project_id=6126][smartcode_project_cta: project_id=6126]

“It’s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish," CBRE's Residential Projects head Ben Stewart said



Buyers come from all over Sydney to take Piper to 50% sold

Point Piper is one of the most affluent suburbs in the whole of Australia.

Wolseley and Wunulla Road are home to some of the country&#39;s most expensive houses, with harbourfronts, either facing north to Manly, or down to&nbsp;the Sydney Opera House and the Harbour Bridge, selling for up to $100 million.

Rarely is there an opportunity to buy&nbsp;brand new, off the pl​an property in the suburb laden with apartment blocks from the 1970s, set on land more often than not unviable for developers to knockdown and rebuild.

But Fortis, alongside Dare Property Group, are set to finally bring something new for&nbsp;new high-end apartment seekers, on the&nbsp;2,392 sqm Wunulla Road site which they joint acquired for around $40 million last year.

Dubbed Piper, at 2A Wunulla Road,&nbsp;there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="840" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.52_am.png" width="1364" /></a>

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature&nbsp;soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

The three two-bedroom plus study apartments start from 127 sqm of internal space, the three-bedroom apartments start from 161 sqm internal, and the biggest offering, the four-bedroom apartments, have an internal living space between 210 sqm and 260 sqm.

&quot;We are looking forward to partnering with Danny Avidan and Dare Property Group on our new project in Point Piper, bringing a premium product to an exclusive harbourside location, Fortis Director Charles Mellick said.

&quot;Piper will offer residents proximity to key retail and commercial precincts in the locality, alongside excellent amenities.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="842" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.43_am.png" width="1353" /></a>

&quot;With an expected end value of $150 million, we are confident that the proposed development will be well received by Point Piper locals and the wider community, unveiling a fresh approach to luxurious apartment living.&quot;

The high profile developer Danny Avidan, who heads up Dare Property, said the group is honoured to be joining forces with Fortis.

&quot;Charles Mellick and I have been long time residents of Point Piper and we share a strong, emotional bond with its close-knit community.

&quot;We feel privileged to have the opportunity to develop in Point Piper, and are excited to present Piper, which will bring to life our shared values and vision for this premium enclave.&quot;

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.47_am.png" width="661" /></a>

Ben Stewart, who heads up CBRE&#39;s Premium Sales Division and is handling the sales for Piper,&nbsp;believes the owner-occupier, empty-nester and downsizer markets will get stronger, particularly in the tightly held waterfront Eastern Suburb locations.

&quot;There is a flight to quality for buyers who are seeking prime positioned, well-designed homes in high-quality developments. There has been nothing of this scale built in Point Piper for many, many years.&quot;

<h2>Fast Facts:</h2>

Location - 2A Wunulla Road, Point Piper 
Developer - Fortis and Dare Property Group 
Selling agent - Ben Stewart, CBRE 
Architect - GCCV Architects 
Interior design - MIM Design 
Landscape - Dangar Barin Smith 
Completion date - Q1 2024 
Indicative pricing guide - From $4 million 
Number of dwellings - 15

Dubbed Piper, there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.


Fortis and Dare Property Group to launch exclusive Point Piper apartment development

<html><body>The $16 million plus Point Piper apartment sale on the weekend confirmed the suburb's status as the priciest location for Australian apartments.

The Point Piper penthouse sold on Friday evening, just hours prior to its scheduled Saturday auction.

The whole-floor apartment, within the tightly held Wentworth Place block, comes with three bedrooms and three-bathrooms.

It has views to the Bridge and Opera House.

The Wentworth Street penthouse has 300sq m of internal space plus 300sq m rooftop terracing.

It traded at $3,325,000 in 1993 and at $3.85 million in 1989.

Sydney's Point Piper boasted Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report.

Point Piper took the top spot with a median unit value at $2.28 million, with all the top 10 coming from Sydney.

Nearby Darling Point ranked second at $1.78 million followed by Millers Point at $1.69 million.

Point Piper's top apartment sales over recent years have included 

3/10 Wentworth St, Point Piper, $13.5 million, 2016; 

4/47-49 Wolseley Rd, Point Piper, $13.5 million, 2017; 

4/6 Buckhurst Ave, Point Piper, $16 million, 2017;

72A Wolseley Rd, Point Piper, $14.75 million, 2017;

2/74 Wolseley Rd, Point Piper, $12.35 million 2019;

2/62 Wunulla Rd, Point Piper, 412 million, 2020;

3/10 Longworth Ave, Point Piper, $10.4 million, 2020;

2/124 Wolseley Rd, Point Piper, $13.025 million, 2020. 

</body></html>

Point Piper is the priciest suburb for apartments across Australia

jchancellor

$16 million plus Point Piper apartment sale

<html><body>
CoreLogic’s best of the best 2020 report has revealed that the highest median unit value was found in Point Piper, as with 2019.

The report revealed Australia’s $7.2 trillion residential real estate market proved resilient in the face of a global pandemic, leaving an overall positive market outlook for 2021.

Eliza Owen, CoreLogic’s head of research, said the report highlighted the resilience of luxury markets in Australia.

<blockquote>
“This is not to say these suburbs have been unaffected by the pandemic; indeed the high end of the Sydney market is generally more volatile to changes in economic conditions. However, this volatility also tends to see a rapid recovery in the wake of lower mortgage rates and an improvement in consumer sentiment.”
</blockquote>

All ten of suburbs listed amongst the nation’s best for unit value were located in Sydney, with Point Piper taking the top spot with a median unit value exceeding $2.28 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/units.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="358" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/units.png?itok=UMi3PAjN" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure>Darling Point took the second spot, with 78 units sold throughout the year and a median value of $1.785 million.

Sydney’s eastern suburbs performed well across the board, with Darling Point, Bellevue Hill and Vaucluse taking the three top spots for highest median house value. Double Bay, Tamarama, Rose Bay and Dover Heights also made the top ten.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/houses.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/houses.png?itok=V9K-dHl0" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure><h2>Here are two luxury apartments you can secure in Sydney’s high-performing eastern suburbs</h2>

1. <a href="/buildings/marmont-319-new-south-head-road-double-bay">Marmont</a>, Double Bay 
Address: 219 New South Head Road, Double Bay NSW 2028 
Two-bedroom apartments from $2,595,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marmont.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marmont.jpg?itok=JI7D4JMZ" width="580"></a>

Expected to reach completion early 2021, Fortis’ latest Double Bay project offers an exciting opportunity to secure a two or three-bedroom residence in Sydney’s inner-eastern suburbs.

Designed by MHNDUnion, Marmont features floor-to-ceiling glazed windows, views across the harbour and extensive terrace balconies. 
 

2. <a href="/buildings/dusk-625-627-old-south-head-road-rose-bay">Dusk</a>, Rose Bay 
Address: 625-627 Old South Head Road, Rose Bay NSW 2029 
Two-bedroom apartments from $1,795,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dusk.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dusk.jpeg?itok=p7dBDFYv" width="580"></a>

Located in the heart of the high-performing Rose Bay, Dusk hosts nine two and three-bedroom apartments just six-kilometres from the Sydney CBD.

The exclusive harbourside residence, delivered by Maestro Rosebay, offers private views, considered interiors and an architecturally-designed façade by Bureau SRH.
</body></html>

Sydney's Point Piper boasts Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report. 

max.kwok_55688

Point Piper hosts Australia’s priciest apartments: CoreLogic 

<html><body>
A Point Piper apartment sold for $13,025,000 when offered for the first time in seven decades.
The three-bedroom Wolseley Road apartment <a href="https://www.realestate.com.au/sold/property-apartment-nsw-point+piper-134352930" target="_blank">sits in the triplex, Cliff Towers</a>.
Its reserve was $9.9 million.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CM_E89mkrewCFQGZSwUddDMFLg">
<div id="google_ads_iframe_//31694718/domain.com.au/news_0__container__">Sydney Sotheby’s International Realty agent Michael Pallier advised three of the seven registered bidders were active.</div>
</div>
</div>
<div class="in-content-ad">
The apartment had been the residence of Susan Rankine, formerly known as Lady Street.
<img src="https://www.urban.com.au/images/2020/12/rankine%202.png" alt="">
The sale ended over seven decades of family ownership.
Since the 1950s, the lower half of the Cliff Towers building on Wolseley Road had belonged to Susan's mother Ruth, who was married to the ship owner, pastoralist and arts patron Ernest Watt.
The block was strata titled in 1976.
<img src="https://www.urban.com.au/images/2020/12/rankine%203.png" alt="">
The now whole floor apartment and has three bedrooms, each with an ensuite. 
The apartment has 288 sqm intenrtal space and there's a 190 sqm north facing terracing.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Sydney was host to 754 auctions this week, up from both last week when 430 auctions were held, and this time last year when 733 homes were taken to auction. 
Of the 587 auction results collected so far, 73.1 per cent were successful, similar to last week’s preliminary result of 73.2 per cent which revised down to 65.8 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.9 per cent.
Last week, the combined national capital city preliminary auction clearance rate increased across a higher volume of auctions, according to CoreLogic.
 There were 1,090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). 
Of the 822 results collected so far, 71.5 per cent were successful, up from last week’s preliminary figure of 69.3 per cent which later revised down to 64.4 per cent at final collection. Over the same week last year, a final clearance rate of 73.5 per cent was reported across the combined capitals.
Auction activity remains low across Melbourne this week with 60 homes taken to auction. Of the 52 results collected so far, 59.6 per cent were successful while just under one third of reported auctions were withdrawn. Over the previous week, 55 auctions were held across the city, while this time last year, 974 Melbourne homes were taken to auction.
In regional Victoria Ray White Warrnambool agent Jason Thwaites sold 11 MacLand Drive, Warrnambool for $429,000.
It was a three bedroom single storey brick house. 
“This result is the perfect example of why auction is the best way to see your property. We only had two registered bidders, but they both battled it out strongly, and the property ended up selling $29,000 over the reserve price,” Mr Thwaites said.
“We had 14 private inspections during the four-week campaign with interest coming from both owner-occupiers and investors - with an investor buying on the day. 
“The regional market is really good across all the regional centres and we’re seeing a lot of interest.
"Not just from metropolitan Melbourne, but across the whole state,” he said.
</div>
<div class="column">
Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 79.5 per cent, across 78 auction results, followed by Adelaide with a preliminary clearance rate of 70.7 per cent across 41 results.
</div>
</div>
</div>
</div>
</div>
</body></html>

jonathanchancellor-7SQnKwU6yx

Cliff Towers, Point Piper apartment fetches $13,025,000 when offered for the first time in seven decades

<html><body>
Point Piper is rumoured to have secured the second highest residential house price in Australian history with a reported near $95 million sale on the waterfront Wolseley Road to a buyer born overseas but now based in Sydney.
The Wentworth Courier and Domain are saying it's the trophy home Edgewater, the longtime property of the co-founders of Katies women's clothing chain Joe Brender and the late Sam Moss.
Remarkably no agent has stepped forward to take the credit, nor big timing buyers' agent claiming they introduced the buyer to the tightly held property.
There are whispers the agent behind the 2022 delayed settlement deal, which only exchanged on Monday, was the Sotheby’s agent Michael Pallier. And the buyer is believed to be Gold mining businessman “John” Changjin Li, according to Domain.
The business duo paid $5 million in 1985 for the home, which was the vision in the early 1980s of the international entertainment promotor Michael Edgley.
The top floor area of the then vast 240-square contemporary mansion was Michael Edgley's private office bedecked with portraits and awards of the stars Edgley toured including John Denver, Rudolf Nureyev, Marcel Marceau and he Moscow Circus Performers.
It was reportedly bought as a concrete shell.
It was the architect Stephen Gergely who was commissioned to convert it into two apartments after Brender and Moss bought the Wolseley Road property located toward the coveted tip of Point Piper.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/10/92%20Wolseley%202.jpg" alt="">
The Moss family occupied the downstairs apartment of the four level building, the Brenders the top unit in the duplex.
The Moss's apartment had been offered as a $6,000 a week rental.
There's a shared entertainment level with a kitchen and an indoor pool for both families. 
Set by its 40 metre water frontage is one of the few Sydney harbour front tennis courts in existence. 
The price is just $5 million shy of the $100 million Australian house price record paid by the Atlasssian billionaire Mike Cannon-Brookes and his wife, Annie in 2018 in Double Bay.
Although technically a sale of two apartments rather than a detached house, the two Edgewater apartments top the 2016 purchases by Menulog co-founder Leon Kamenev in Vaucluse.
He spent $80 million on four adjoining lots and is building a mega-mansion.
 
 
</body></html>

jrobinson-rf4aSBido9

Edgewater, Point Piper rumoured to have sold for around $95 million

<html><body>
The four-bedroom, four-bathroom Point Piper apartment owned by former Sydney lord mayor Nelson Meers and his wife, Carole has been listed.
Situated on Buckhurst Ave, Point Piper, it hit the marker with a “high teens” guide via LJ Hooker Double Bay’s Bill Malouf and Margaret Morosi.
“I consider this one of the best waterfront apartments in the eastern suburbs,” Malouf advised the Wentworth Courier.
“It’s an opportunity for a penthouse-style apartment with beach access and views of the Opera House and Harbour Bridge.”
<img class="sc-qYHHM dyhwPj size-full wp-image-600403" src="https://www.realestate.com.au/blog/images/1280x720-fit,progressive/2020/07/23000302/capi_a74bbe9aee14f2858a8b191299ea2cce_71d67ccc8b5d90eee966a6c398281d6b.jpeg" alt="" width="620" height="349" data-capiid="71d67ccc8b5d90eee966a6c398281d6b">
The apartment has 449 sqm space with terraces.
The block was dramatically transformed about a decade ago, with the original 14 units converted to six whole-floor designer apartments.
 
</body></html>

firstname1-iYD4UYzvBa

Former Sydney lord mayor Nelson Meers lists Point Piper apartment

<html><body>
Westpac board member Steve Harker has sold his waterfront Point Piper home for about $40 million.
The unconfirmed off market price is nearly double the year’s next high-end sale result in Rose Bay.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CKqL4Kbf-uQCFVhHKwodzDsFeg">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__"><iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/prestige_3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-google-container-id="7" data-load-complete="true" data-integralas-id-1f2236ee-b196-6bc2-7bb6-69e217b59a38=""></iframe></div>
</div>
</div>
<div class="in-content-ad">
<div id="adspot-1x1_300x250-pos-2" class="ad">The buyer, start-up investor Alexandra Jakob and her entrepreneur partner, Gabriel Jakob live nearby.</div>
<div class="ad"> </div>
<div class="ad">The deal was done September 16.</div>
<div class="ad"> </div>
<div class="ad">It has been reported the agents were Christie's International and LJH. </div>
<div class="ad"> </div>
<div class="ad">The property last traded in 1993 for $2.01 million.</div>
<div class="ad"> </div>
<div class="ad">It is on the same bay where expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, <a href="/news/aussie-john-symond-set-for-new-point-piper-neighbours--44294">was thought to be set to seek $40 million buyer</a>s.</div>
<div class="ad"> </div>
<div class="ad">Cooke actually wants $60 million according to the local paper, The Wentworth Courier at its November 23 auction.</div>
<div class="ad"> </div>
<div class="ad">A $23.5 million Rose Bay harbourfront sale had been in top spot having sold to lawyer Amanda Banton through Ben Collier of The Agency.</div>
</div>
</body></html>

$40 million Point Piper sale breaks prestige sales famine

<html><body>
Aussie John Symond and wife Amber might be getting new neighbours this spring on their Point Piper cul-de-sac.
Expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, is set to seek $40 million buyers.
The Wingadal Place vacant block was bought from Gustavo and Angelo Ferella in 2006 for $7.95 million and then had a $5.5 million home designed by James Stockwell and Jonathan Temple Architects.
Many were surprised Symond, who snapped up his 2675sqm holding for $10.5 million in 1999, didn’t buy the 960sqm parcel that stemmed from pastoralist Anthony Hordern’s 1950s subdivision.
On Symond’s other side, work continues for the Song family on turning the $60.66 million trophy home Portofino into a triplex designed by Rob Mills Architects.
This article was first published in the Sunday Telegraph. 
 
 
</body></html>

Aussie John Symond set for new Point Piper neighbours

<html><body>
The buyer of Point Piper’s most expensive sale of 2019 has emerged as 27-year-old Chinese developer Jack Lin.
He paid $12.9 million for the home of Blue River Capital co-chief executive Grant Fuzi and wife Naomi.
The six-bedroom Wolseley Road home was designed by Alex Tzannes and overlooks the boats of Rose Bay.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/28/point%20piper%201.jpg" alt="">
Lin made headlines three years ago when, at age 24, he spent $8 million on the Point Piper apartment of former supermodel Kristy Hinze-Clark and her billionaire husband, Netscape founder Jim Clark.
His new purchase is a step up.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Point Piper

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Point Piper

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News