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

Townhouse

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Qantas Loyalty chief executive officer Lesley Grant has paid $2 million for a Mosman townhouse overlooking Middle Harbour.
The modern three bedroom, two bathroom home with separate study features numerous terraces and a ground floor courtyard.
McGrath Mosman agent Michael Coombs secured the sale. It was sold by interests associated with Ferrari Australasia chief Herbert Appleroth.
Grant has extensive experience in the aviation industry and has been CEO at Qantas Loyalty since 2012.
She was the architect of the creation of Qantas Loyalty, which last month reconnected its point system with the Woolworths Rewards program.
This article was first published in the Saturday Daily Telegraph.
 
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firstname1-iYD4UYzvBa

Mosman townhouse with Middle Harbour views sold

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The most affordable Sydney property reported sold at the weekend was a two-bedroom home at 8/27-31 Napier Avenue, Lurnea, which fetched $470,000 through Ray White Wetherill Park.
The <a href="https://www.realestate.com.au/property-house-nsw-lurnea-123253598" target="_blank">90 sqm two storey townhouse</a> sold at $292,000 in 2012 and $290,000 in boomtime 2004.
It was first sold on its 2000 completion at $198,000.
CoreLogic puts the median unit price as $480,000.
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jchancellor-FAypfDUnLy

Lurnea two bedroom flat was Sydney's cheapest weekend sale

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 GUEST OBSERVER
Architect-designed townhouses are essential to support sustainable population growth in our rapidly expanding capital cities.
Large-scale, master-planned townhouse developments in urban infill sites provide an option for increased density that offers an attractive solution to rising land value while creating a greater number of affordable dwellings in central or well-serviced locations.
ABS data reports two out of three Australians live in a major city, with population growth exceeding predictions. Rather than catering to this growth via urban sprawl, where outer-city suburbs and residents are often underserviced due to the enormous public cost of civic infrastructure, townhouses allow for greater diversity of residents in established communities while adding to the available housing stock. Townhouses are the missing piece of high quality inner-city - living – an architecturally designed product for those who prefer not to live in an apartment, not specifically due to spatial concerns, but lack the budget for stand-alone housing in desirable, well serviced and well located areas. Concern regarding population growth and sustainability present additional reasons for choosing this higher density housing model.
The trend we’re seeing in our own practice is driven by a market gap for dwellings that are more sustainable and affordable than larger detached houses. At ROTHELOWMAN we have witnessed significant growth in the volume of townhouse projects we are designing. From January 2015 to March 2016 we designed 2,384 townhouses, a marked increase from the previous year. With this trend comes a greater appreciation for the typology’s versatility, necessity and market acceptance.
For consumers, large-scale master-planned townhouse developments are not only a financially viable housing alternative, they also provide access to transport corridors and inner-city amenities. Data published by Urbis indicates young professionals, in particular, value proximity to education, entertainment and employment over owning large properties. While perfect for young workers, townhouses also provide the flexibility to cater for varying demographics, from families to downsizing retirees.
In Brisbane, ROTHELOWMAN has designed the staged master-planned development Summerlin to transform negative perspectives around townhouses based on the poorly designed, mass-produced boxes of decades past. Summerlin’s master plan develops an existing industrial site in the suburb of Banyo (within 15km of the CBD), transforming it into a residential community through the creation of new internal streets, laneways, vegetated pedestrian links and communal open space parklands. The architecturally designed townhouses of Summerlin employ a ‘critical regionalism’ that pays homage to the surrounding vernacular of simple, hand-built homes with generous setbacks. Reflecting this, materials chosen for Summerlin include painted weatherboard, rendered masonry and raw brick as an interpretation of the local vernacular. Banyo is surrounded by some of the most biodiverse parts of Brisbane and Summerlin’s design complements this with a 5000m2 park featuring recreation spaces, dense planting, stormwater treatment and pedestrian links.
In the middle-ring Melbourne suburb of Doncaster, where median house prices have reached over $1.2 million (realestate.com.au), the ROTHELOWMAN-designed townhouse development Williamsons Road is a perfect example of how we can offer a growing population high-quality, medium-density residences. Comprising two, three and four bedroom townhouses – a total of 106 dwellings – the mixed housing typologies have enabled new residents to move into the tightly held area, accessing its quality amenity and infrastructure without detracting from the character of the suburb.
In protecting character, amenity and location remain important. Where large detached housing has become less of a priority for city dwellers, we are seeing a return to a pattern that was established in the early history of Australia’s urban centres and capital cities. Terraced housing was introduced to Australia in the 19th century, based on architectural typologies that had been developed in areas of Europe to meet the already burgeoning challenges of density and urban sprawl. Establishing townhouses as a solution to demand isn’t a novel answer then but one that has been tested over centuries.
For developers, master-planned townhouse developments can create a density that meets the demands of rising land value yet balances it with a desire for quality sustainable, active, green and thriving communities that are attractive and highly liveable for residents. Lotus Terraces, ROTHELOWMAN’s latest townhouse project in Woollooware (24km south of Sydney’s CBD), creates a village-like atmosphere through the design of a community centred around a green common to be shared by all.
The key to explaining this critical typology within developing future cities is skilfully balancing urban amenity and proximity to cultural infrastructure with space and affordability. It is getting these balances right that makes creating a new generation of top quality master-planned townhouse developments absolutely critical for the cities of tomorrow. 
Jeff Brown is Principal, Rothe Lowman Brisbane and can be contacted <a href="https://www.rothelowman.com.au" target="_blank">here</a>.
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Reinventing the townhouse for Australia's shifting cities: Jeff Brown

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The Art Series Hotel heiress Camilla Deague has sold her 1960s South Yarra townhouse for $2.665 million.
Deague paid $2.2 million in 2012 for the home on the doorstep of the Royal Botanic Gardens at 2/173 Walsh Street.
The home has a grand entrance hall, three bedrooms, three bathrooms, a home office and an extensive entertainer's kitchen.
The Rosanna buyer has it available for lease at $1600 a week, with the initial ask being $2000.
The Deague family run the Asian Pacific Group which has rolled out the Art Series of Hotels.
This article was first published in the Weekend Australian Mansion Australia property section.
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Art Series Hotel heiress Camilla Deague sells in South Yarra

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The ‘AVA I’ development of 18 dwellings in Melbourne’s south-east growth corridor has won the Victorian Architecture Award for Residential Architecture (Multiple Housing).
The follow up release, ‘AVA II’, comprises ten townhouses and received the Award for Excellence in the category of Affordable Housing at last year’s Urban Development Institute of Australia Awards. It has been developed in conjunction with Wolfdene and architects SJB.
Wolfdene director Jon Aitchison said housing affordability remains a big issue in the Melbourne market, so our response was to deliver a quality medium density product that mixes design and function.
“From a design perspective, we wanted to bring the architectural quality identifiable with inner city developments to these new communities," he said.
“With blocks of land shrinking and housing density increasing, the challenge and opportunity was to provide more financially, socially and environmentally appealing homes. 
“Our belief is that affordable can still be aspirational, and our design team is constantly pushing themselves to remain ahead of the curve and set the standards for product being delivered in greenfield communities.”
Wolfdene’s latest completed development at Point Cook (above) features 44 two and three bedroom townhouses and is further evidence of their commitment to delivering design that positively contributes to the built environment.
For more information, <a href="https://www.wolfdene.com.au" target="_blank">click here.</a>
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jonathanchancellor-7SQnKwU6yx

Townhouse development scoops architecture awards

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The residence 1, at 284 Dorcas Street, South Melbourne fetched $1.505 million at weekend auction.
Marshall White Albert Park agent Kaine Lanyon said two downsizers competed for the three-bedroom townhouse.
The sale price was over its $1.28 million reserve.
The residence is one of 28 in a striking former 1880s primary school that closed in 1996.
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1880s South Melbourne state school townhouse sale

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A decrepit, but heritage-listed house in Melbourne's Richmond is up for sale for the third time in four years.
The site at <a href="https://www.domain.com.au/richmond-vic-3121-2012767622" target="_blank">336 Burnley Street</a> has stood decaying for years despite being approved for development into townhouses in 2012, said a post in domain.com.au.
The 777 square metre site was bought by Dario Rosella and his family for $1,621,000 in 2012, with plans for townhouses.
But the townhouses never took off and the property exchanged hands again in 2014 for $2,544,000 to five Melbourne-based developers, through Biggin &amp; Scott.
The developers said they would proceed with plans to build three three-bedroom townhouses and one four-bedroom townhouse. 
The property has planning permission for the construction of four townhouses, one of which will have to incorporate the rundown heritage listed cottage, which is 135 years old.
But, again, the homes were never built and the rotting home is back on the market, this time for $3 million. 
Simon Lee of Haim Real Estate is the listing agent.
The ad for the house on domain.com.au says the endorsed plan permit included:
Unit 1 - Three-storey with 3 bedrooms + study, 3 bathrooms, double garage
Unit 2 - Three-storey with 3 bedrooms, 3 bathrooms, double garage
Unit 3 - Double-storey with 3 bedrooms, 2 bathrooms, single garage
Unit 4 - Double-storey with 3 bedrooms + study, 3 bathrooms, single garage plus own driveway to the exit at the rear. 
Alternatively, the vendor has proposed a five townhouses plan subject to council approval. 
He says the vendors had planned on building the townhouses but decided to move onto a bigger, $10 million project instead.
The vendors approached the council about the removal of heritage from the weatherboard and build five townhouses instead, but their plans were shot down, adds Lee.
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prateek24-ezbwHMbNAk

Rotting heritage-listed house site in Melbourne's Richmond back on market

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The townhouse home of interior designer Walter Herman in Botany has been listed for auction.
He designed the three level, three bedroom <a href="https://www.realestate.com.au/property-townhouse-nsw-botany-121990246" target="_blank">Brighton Street property</a> himself behind its contemporary facade.
The house is filled with grandeur with an antique Victorian style living area in stark contrast to the stylish jet black TV room. 
The 175 sqm home also features a covered courtyard and a master bedroom with balcony.
Herman bought the property for $710,000 in 2008.
Listing agent Charles Stevens of McGrath has a price guide of $1.3 million to $1.4 million for the March 19 auction.
Wally started his own company Walter Hermann interiors who have provided interiors for apartments in London, New York and Shanghai.
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jrobinson-rf4aSBido9

Interior designer Wally Herman lists Botany townhouse

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Two combined residential houses in Melbourne's Balwyn suburb have been auctioned off for $4.05 million.
The 1,853 square metre site at <a href="https://www.realcommercial.com.au/property-land+development-vic-balwyn-501712393" target="_blank">327-329 Union Road</a>, which was offered to the market with a planning permit for seven luxury townhouses, was snapped up by a Chinese buyer.
The selling agents were CBRE’s Mark Wizel, Julian White and Scott Orchard.
The sale price translates to a rate of more than $575,000 for each permitted townhouse.
There were more than 100 enquiries, with six offshore bidders, said Julian White.
“CBRE is witnessing a spike in demand from mainland Chinese buyers across a broad range of asset classes. Many industry authorities expected the uncertainty in the Chinese economy to have a negative impact on the Australian property market, however, what we are witnessing is quite the opposite,” added Wizel.
The properties are surrounded by residential homes and close to retail centres like Belmore Road retail and Coles. Also nearby is the Balwyn High School, one of Melbourne's top public schools.
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j.ballantyne1990-6AQqhLzZaK

Townhouse development site in Melbourne's Balwyn fetches $4.05 million at auction

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A local Asian developer was successful in outbidding 15 other potential purchasers at a Burwood, Sydney development site offering.
It fetched $7.8 million through Savills agents Stuart Cox and Neil Cooke.
The <a href="https://www.realcommercial.com.au/property-land+development-nsw-burwood-501732202" target="_blank">59 Park Road</a> property in Burwood drew over 140 enquiries.
“This was a phenomenal result, smashing Burwood’s record price for townhouse land with this sale equating to $1,115,000 per townhouse site,” said Mr Cox.
The townhouses, once completed, could achieve $2 million plus .
The 1,833 square metre site comprises three detached dwellings with DA approval.
Zoned R3 Medium Density Residential, the development approval allows for seven luxury four bedroom townhouses situated directly opposite Burwood Park.
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