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Filming stopped on Wednesday morning on the Brighton site of The Block, the Channel 9 renovation show.
The Block's executive producer Julian Cress advised the trades on the site will continue as long as they can, but the contestants left the site yesterday for their homes across Australia.
The contestants were told by The Block's host Scott Cam about the decision to halt production.
The contestants started production of the 2020 series in late February.
More than a third of the season had been shot.
Nine's production company spent $14.96 million on the 2,770 sqm site of the demolished former Andrina Private Nursing home just off Brighton's Golden Mile. 
It was bought from Nick Williams, son of horse trainer Lloyd Williams.
Williams had plans for 13 townhouses on the block.
 
 
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jchancellor-FAypfDUnLy

Tools Down: The Block Brighton stops production

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The holding of public open for inspections for houses for sale have been banned in Australia from Thursday to help stop the spread of coronavirus.
Auctions have also been banned, Prime Minister Scott Morrison announced after the Tuesday night national cabinet meeting.
"Real estate auctions and open house inspections, in particular open house inspections — that cannot continue," Scott Morrison said.
"In the retail space, auction houses, gatherings together in auction rooms, that can no longer continue."
“We’re trying to limit the gathering of people in large numbers that can relate to the transmission of that virus,” Mr Morrison said.
Private appointments for inspection are permitted, the official paperwork showed.
There were 2000 onsite and inroom auctions scheduled around Australia in the capital cities for the next two weekends in the traditional pre-Easter sales rush.
The decision came despite a concerted eleventh hour campaign by the property industry who suggested home open for inspections could be held with inspectees keeping their hands in their pockets.
The major real estate brands had lobbied the Federal Government for its agents to be deemed an “essential service”,  the same as the financial services industry, in a bid to prevent a "catastrophic fallout" in the property sector.
The national cabinet has been asked to consider the property market as one of the foundational cornerstones of the economy.
“Despite some media reports to the contrary, the property market is continuing to yield high clearance rates and it’s clear that many Australians still have a strong need to buy and sell property, regardless of the current situation,” one agent complained. 
There are around 115,000 sale listings on the market, according to CoreLogic. 
Limiting auctions to registered bidders practising social distancing had been initially suggested, along with the shift of some auctions slated for indoor to move outdoors to stay within the government's then 100 person limit on indoor non-essential social gatherings.
Agents were also seeking to encourage more online auctions along with absentee phone bidding.
Last week the New York Governor Andrew Cuomo barred brokers from showing homes, as part of a sweeping ban on activities that risk spreading the coronavirus.
At a press conference Friday, Cuomo announced an executive order mandating all employees of non-essential businesses to stay home from work.
The <a href="https://esd.ny.gov/guidance-executive-order-2026" target="_blank">list of essential jobs</a> includes food delivery, doormen and some construction.
It does not include real estate brokers.
The Real Deal website reported when Cuomo discussed the 90-day ban on evictions, he said, “I don’t know who you think you’re going to rent an apartment to now, anyway, if you kick someone out. 
"By my mandate, you couldn’t even have your real estate agent out showing the apartment.”
Across the other side of America, parts of California’s real estate industry are grinding to a halt because of Gov. Gavin Newsom’s “stay at home” order.
The 15,000 L.A.-based realtors represented in the local Multiple Listing Service (MLS) had been hoping for the best but preparing for the worst.
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Real estate open for inspections have been banned by Australian government

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Australian estate agents will set out this week to ascertain if they can continue to transact their property sale listings and leasing managements given the social distancing shutdown regulations.
In the absence of any official industry edict as at Monday morning, some estate agents will seek to adapt how they can continue to transact their property listings and managements.
Many agents are hoping it is business as usual.
On Sunday both the NSW Premier Gladys Berejiklian and Victorian Premier Daniel Andrew announced they will enforce a comprehensive shutdown of “non-essential services.”
But neither Premier indicated that the real estate industry was restricted from trading.
The later official advisory on stage one of the measures from the Federal Government advised the following facilities will be restricted from opening from midday 23 March 2020:
<ul>
<li>Pubs, registered and licenced clubs (excluding bottle shops attached to these venues), hotels (excluding accommodation)</li>
<li>Gyms and indoor sporting venues </li>
<li>Cinemas, entertainment venues, casinos, and night clubs</li>
<li>Restaurants and cafes will be restricted to takeaway and/or home delivery</li>
<li>Religious gatherings, places of worship or funerals.</li>
</ul>
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The Urban Taskforce CEO, Tom Forrest, has called on State and Commonwealth Governments to be clear with their messages.
“The announcement must be clear and targeted”, Mr Forrest said.
Mr Forrest said that the messaging to date has too often been clumsy and ambiguous.
“If there is to be a close-down of business in NSW, what does this mean for construction workers? What does it mean for those working out-doors or indoors? What does it mean for delivery drivers or manufacturers?
Mr Forrest called on the NSW Government to be clear about if businesses should continue to operate remotely or shut down altogether.
“Urban Taskforce members support measures to prevent the spread of COVID 19. But support for the property, construction and development industry is critical to the economy and the hundreds of thousands of jobs involved,” Mr Forrest said.
The real estate industry appears spared from the extreme of the first stage of the shutdown if it enforces social distancing that doesn't put the participants at risk.
One of the ways agents can adapt to these measures is using available technology.
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Whether open for inspections for multiple unknown parties can continue is highly questionable. 
Limiting auctions to registered bidders practising social distancing appears wise.
Requesting that visitors to open inspections come in small private groups and keep hands in their pockets while doing so are among measures being taken by some agents.
Last week some auction slated for inroom or indoor were moved outdoors to stay within the government's 100 person limit on indoor non-essential social gatherings
All non-essential indoor gatherings of less than 100 people must have no more than one person per 4sqm. 
"All Australians should expect their local businesses to be following this rule," the latest official update advises.
There are around 115,000 sale listings on the market, according to CoreLogic. SQM calculate 68,079 vacant residential properties.
 
 
 
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Real estate industry in testing social distancing shutdown amid coronavirus fears

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The coronavirus scare has finally affected the hitherto robust capital city auction market sentiment, but not too dramatically.
The national clearance rate has dipped to 69 percent according to the preliminary Domain data.
It is the weakest national result since the opening weekend results of 64 percent on February 1, having been in the 70s in the intervening five weeks.
This time last weekend Domain had the national figure at 75 percent, with Sydney at 80 percent and Melbourne, with its Moomba weekend distraction at 69 percent.
Today it was 73 percent in wet Sydney, down seven percent.
Melbourne sat at 68 percent, so just a small dip.
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City </th>
<th>Success rate </th>
<th>Number listed </th>
<th> Reported auctions </th>
<th>
 
sold
 
</th>
<th> </th>
<th>
($m)
</th>
<th> </th>
<th> </th>
</tr></thead>
<tbody>
<tr>
<td colspan="5">
This week
</td>
<td colspan="4">
14 March
</td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_0">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_0">Sydney</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_0">73.4%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_0">644</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_0">433</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_0">361</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_0">$328.5</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_0"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_1">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_1">Melbourne</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_1">68.0%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_1">1,090</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_1">751</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_1">532</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_1">$412.7</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_1"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_2">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_2">National</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_2">69.6%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_2">1,921</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_2">1,292</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_2">969</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_2">$778.2</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_2"> </td>
</tr>
</tbody>
</table>
Source: Domain
The weekend prior, on the last Saturday in February saw Domain calculate the national figure at 78 percent, with Sydney at 82 percent and Melbourne at 77 percent.
The top reported sale was an $8 million luxury Lavender Bay apartment that the Sunday Telegraph reported sold for more than $1 million over its reserve price with four registered bidders amid the 50 attendees.
Melbourne's top sale was $3.82 million in Malvern East, with several pricier homes failing to find buyers including a no-bid $5 million Hawthorn offering. 
There has been an escalating trend towards sale before auction as sellers worry just whether the buyers will emerge on auction day in the current contagion scare.
SQM Research calculated Melbourne had 117 sold priors, 17 rescheduled and another 39 either withdrawn/sold prior/rescheduled. 
Sydney had 164 sold priors, 25 rescheduled and 53 SP, withdrawn or rescheduled.
"All search activity on realestate.com.au has slowed over the past week," said Nerida Conisbee, chief economist with the rival property listing site last last week.
The Australian Financial review described search activity as "a leading indicator of the health of the property."
The realestate.com.au chief economist Nerida Consibee had said she expected the clearance rate to be lower, but added it was difficult to predict the influence of coronavirus.
As the major capital cities head into the busy pre-Easter auction period, estate agents dread that would-be vendors will sit on their hands when it comes to mid-April fresh listings.
It is commonly believed a major drop in property prices will not occur unless there was a spike in full time unemployment as the prospect of a recession looms.
Some property pundits had forecast a similar success rate for auctions as the last two weeks, given the interest rate cut was encouraging more people to buy.
The realestate.com.au data for saw a bigger drop in Sydney, down to a preliminary 74 percent.
Canberra dipped to 66 percent.
The realestate.com.au data for the prior Saturday saw 83 percent in the ACT; and 82 percent in NSW.
Yesterday was 71 percent in Victorian, down from 77 percent on the prior weekend.
Last weekend was 69 percent in SA and 53 percent in Queensland.
Today it was up in SA to 74 percent, so against the national trend, while it was down a bit in Queensland to 51 percent.
The weekend results do see contradictions as Cooley Auctions in Sydney reported 73 percent today selling 37/51 compared with 61 percent last weekend selling 33/54.
McGrath Sydney agent sold 41 properties today, but saw 20 pass in or get withdrawn.
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Coronavirus fears impact on weekend auction results with dip to 69 percent

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A new global inner city metropolitan housing trend has arrived in Australia with full force which may assist to solve some of Sydney's housing shortages and affordability constraints.
Compact co-living dominated by young professional residents often from the start-up, creative, financial or professional sectors has become an emerging property sector, reports recent Savills Australia research.
Many occupants earn above the national average income, making them ideal prospective tenants for housing that mixes high quality rental rooms with communal lifestyle spaces.
Tertiary students have long sought co-living most recently in pod-style micro-apartments.
But the purpose built graduate, young professional city dweller accommodation is seen as a new rung, a step up from high quality purpose built student accommodation.
With the latest offering in a Paddington terrace house, there is no one size fits all approach in creating spaces for these community inspired, experience orientated young renters.  
The research shows that co-living is on the rise, emerging in key cities such as San Francisco, New York, London, Hong Kong, Tokyo and Singapore.
The top five co-living hotspots in Sydney, according to the Savills report, are Waterloo-Beaconsfield, Parramatta-Rosehill, Potts Point-Woolloomooloo, Redfern-Chippendale, Sydney-Haymarket-The Rocks.
These are followed by Newtown-Camperdown-Darlington, Pyrmont-Ultimo, Surry Hills, Bondi Beach-North Bondi, and Erskineville-Alexandria.  
Leading the way are UKO, Hmlet, Zuu. 
One runs everything from movie nights, yoga in the courtyard, to gin making workshops!
They have been reporting full $500 a week occupancy, highlighting demand for their product that comes with bicycle parking, roof top terraces, outdoor cinema screens, shared laundries, barbeques, pools and kitchens.
The properties often fall under the next-generation boarding house code, so occupants typically sign a membership agreement instead of a lease.
“What’s interesting is that there is no one size fits all approach in creating spaces, as experienced in the student accommodation sector,” according to direct of student accommodation at Savills Australia, Conal Newland.
Sydney and Melbourne dominate emergence of the sector at scale in Australia as analysis shows that 88 of the top 100 regions for investment and development are located across these two global gateway cities with strong international student prescence.
In Melbourne, the top co-living hotspots are the Melbourne CBD, Richmond, Southbank, South Yarra East, St. Kilda, Prahran-Windsor, Brunswick, North Melbourne, Nawthorn, and Carlton.  
"As development costs and relative housing unaffordability continues its upward trend in Australia's capital cities, co-living options will only mature and success," said Newland.
"Co-living is a viable need, and it's going to become more and more of a necessity over time," said Mr Newland.
Some co-living operators are looking to be leaseholders with others fully developing and owning the real estate and operations.
The high-quality rental rooms on short-to long-term leases generally operate under the boarding house regulations. 
Across Australia, 1.46 million 25 to 35 year olds rent, reports Savills. 
Nationally, over 250,000 25 to 34 year olds live on their own.
For this demographic in particular, co-living offers social interactions, wellbeing and experience, alongside privacy in your living space and beautiful, sophisticated building designs, said Paul Savitz at Savills Australia.  
He said government policy is pivotal in attracting ongoing investment.
"Australian lawmakers should be mindful of passing legislation that may reduce the attractiveness of investments into new housing typologies which are more suited to generations with different preferences," Mr Savitz notes.
This article first appeared in The Daily Telegraph.
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Co-living emerging as new global property trend

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Most people when buying and selling a home seek to do so around the same time, often trying to juggle the settlements for the same day.
They seek to get the highest price possible for their current abode and to secure their next home house as cheaply as possible.
And they hope to get through the process with as little pain as possible.
Most think the logical order is to sell your home first and buy second as this way buyers know exactly how much money they have to spend.
It stops buyers overestimating the worth of their current home and finding themselves in dire financial straits having purchased from an overly optimistic position.
However, by selling first you may be forced to rent while you look for a suitable new home which can mean two moves.
And one of the biggest risks faced if there is an extended gap between sale and purchase is that rising property prices will mean less money as time goes by. 
In the current market rebound buying first is possibly the better way to go.
Finding a buyer won't be too much trouble once you have locked in your own shift.
It's because Sydney is in a seller’s market.
Ofcourse over inflated hopes that cloud your judgement won't see the shift go seamlessly.
The current time on market is rather high, but it reflects the extended break that most estate agents take over the summer.
CoreLogic calculates the typical Sydney private treaty sale is currently taking 58 days for houses, and 63 days for apartments.
Hobart house vendors are selling in just 41 days while Brisbane vendors are taking 77 days.
Sydney vendors started summer with houses selling in just 28 days, so it just shows how much the market switches off.
Often the summer break, infact any break including Easter, provide a turning point for the market psychology.
I sense this year given the so-so summer holidays, some even called it a black summer, that people just decided to avoid making any firm decisions to list.
This was seen when the REA Group noted the Australian residential volumes were down 13 percent in January, with declines of 7 percent in Sydney and 5 percent in Melbourne.
It came after national residential listings declined in the second half of 2019 by 14 per cent, with a 17 per cent dip in Sydney and 16 per cent in Melbourne.
Ofcourse many fresh leftovers were snapped up pre-Christmas such was the pent-up demand from buyers.
So there has been a delayed start to the selling season, although auction listings are now coming.
Last Saturday saw some 400 offerings, and an 80 percent presliminary success ratre, compared to the 52 percent clearance rate from 301 listings this time last year the 60 percent success rate from 466 in 2018.
This pickup has unfortunately seen house hunters rushing into property purchases without doing necessary checks.
Data from conveyancing platform Global X revealed nearly 20 per cent of buyers did not pay for building inspections to be done on their prospective property purchase, while a quarter did not undertake pest inspections.
Realestate.com.au chief economist Nerida Conisbee has seen frustration mounting among home seekers, who had few housing choices available and were repeatedly up against “really cashed up” buyers.
This article first appeared in The Daily Telegraph.
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Sydney's long summer listing times have created a sellers market

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There's been a rush of applicants from first home buyers seeking to secure a spot to buy with a deposit of as little as 5 percent under the new Federal Government home loan deposit guarantee scheme.
That's not surprising, but there are plenty of spots still available.
Especially as 5000 spots became available on February 1 with the 25 non-bank and regional lenders including the Bendigo Bank, Australian Military Bank and Community First Credit Union. 
The number of applicants across Australia is capped at 10,000 every financial year, but as the initiative began on January 1, there will be the double opportunity during 2020, ie from July 1.
It has been reported that most of the opening 3000 spots have been taken, but many of these are really pencilled in reservations that won't ever see an actual purchase.
Those intending buyers already on the list with lenders will next need to get through the still onerous bank approval process.
And then they will need to find a suitably-price property within the ensuing 90 days.
That might just be difficult as it appears fresh 2020 listings are only slowing coming to market.
Even with 20,000 participants in 2020, it was always likely to be a squeeze as some 80,000 other FHBs will still need to find their own borrowing arrangements.
Sydney FHBs will need to find properties costing less than $700,000 under the scheme.
The same price cap will also apply to NSW regional centres with a population of 250,000 plus, namely Newcastle, Lake Macquarie and the Illawarra around Wollongong.
The scheme to be known officially as the First Home Loan Deposit Scheme (FHLDS) will available only to FHBs with an annual income of up to $125,000 or couples with a combined $200,000 per year who haven't saved the standard 20 percent deposit.
Prime Minister Scott Morrison and Treasurer John Frydenberg announced the scheme just days before the May 2019 election, when the property market was in a downturn.
The Prime Minister expressed concern the time it took to save a home deposit was one of the barriers to home ownership.
There is the real risk that competitive tension will see prices rise as FHBs expeditiously seek out their first step on the property ladder.
The National Housing Finance and Investment Corporation (NHFIC) is overseeing the scheme in a vastly different property market, at least in Sydney and Melbourne.
It needs to wise to market shifts and to smartly recommend adjustments so that its policy objectives are met.
<a href="http://ratecity.com.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://RateCity.com.au&amp;source=gmail&amp;ust=1580769830838000&amp;usg=AFQjCNFQhd3z8C9Xv2hFiUVsHTs_sYcZXA">RateCity.com.au</a> recently calculated a person buying a $500,000 property with a 5 per cent deposit instead of a 20 per cent deposit would need $75,000 less initially, but with a larger loan, their monthly mortgage repayments would be $329 extra a month and they would pay $43,000 in extra interest over 30 years, based on the rate of 3.32 per cent.
Corelogic researcher Eliza Owen noted paying more interest on a low deposit loan makes more sense "if property values are going up.
"By accessing a property sooner, the asset has longer to accumulate capital growth that may outweigh the higher level of interest paid." 
Sally Tindall, research director at RateCity, says buyers need to "go in with eyes wide open because it’s peppered with potential drawbacks."
Meanwhile ME Bank’s latest sentiment report, conducted last month, shows FHBs’ hopes haven’t been crushed by rising prices, with more than half planning to buy this year, compared to the 38 percent who were hopeful in late 2019.
This article first appeared in The Daily Telegraph.
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First home buyers rush Low Deposit Scheme, but plenty more spots coming

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John McGrath, the McGrath Estate Agents founder, turned up unannounced at an inner western Sydney auction over the weekend.
He auctioned the $1.825 million home for $175,000 over reserve after volunteering to do the auction himself.
The Sunday Telegraph was there to photograph and report on the auction, given it was set to be a bonanza result for the north shore bound vendors.
A crowd of more than 70 people attended with 20 registering to bid with McGrath listing agent Adrian Tsavalas.
It was McGrath's first known auction for many years, perhaps decades.
“When the Michael Jordan of real estate shows up, you let him do his thing,” Mr Craven, a veteran auctioneer who moved aside to allow McGrath to hold the gavel, told the Sunday Telegraph.
Issues arose however Monday morning when a simple check of NSW Fair Trading licencing revealed <a href="https://www.onegov.nsw.gov.au/publicregister/#/publicregisterdetails/1475-1V4R" target="_blank">John McGrath was no longer licenced to conduct the auction</a>.
Or even perform the mid-week duties of a NSW real estate agent.
McGrath, who in recent times can't take a trick, had inadvertently allowed his licence to lapse last Monday.
He has quickly reportedly sent off the paperwork to retrieve his licence.
Fair Trading provide agents with three months to renew, along with providing some additional education on their responsibilities.
McGrath's longtime weekly column on the Switzer website has recently lapsed with estate agent Charles Tarbey instead likely to pick up the regular expert columnist spot.
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John McGrath oversight sees real estate licence lapse

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BrickX has been acquired by Thundering Herd, a venture capital and private equity investment firm.

Markus Kahlbetzer's BridgeLane Capital Pty Ltd, which had provided funding for the acquisition of properties, is no longer a shareholder or related party of BrickX, the fractional property investment platform.

The venture capital outfits of National Australia Bank and Westpac have also cashed out of their investment in BrickX, along with Reinventure Group.

Thundering Herd are making plans to expand the current property portfolio across both residential and commercial markets. 

The platform has 19 properties, with its <a href="/news/wa/brickx-invest-in-first-perth-property">last purchase at Perth</a>, its first in WA, back in November 2018. 

Despite having stalled, the AFR reported BrickX was in the final stages of due diligence for more than 10 properties.

The BrickX acquisition adds to Thundering Herd's portfolio of investments in the property space.

The VC firm is the majority owner of debt syndication platform Lend Collective and the largest secured creditor of fractional property play DomaCom.

The BrickX platform, which was co-founded by Darren Patterson in 2014, will continue to function with no envisaged disruption.   Thundering Herd's recent investments include Lend Collective and GoFetch.

Thundering Herd's 2015 co-founder is the Melbourne based Joe Galvez, having worked for the likes of Deutsche Bank, Merrill Lynch, Morgan Stanley and Macquarie Group.

It is not known what price Thundering Herd paid for the business which saw the two big banks initially backed BrickX in late 2017 and early 2018, when they both took a stake in a $9 million Series A funding round.

BrickX has around 70,000 people signed up to the platform with just the 10,000 active investors.

Each property is divided into 10,000 bricks and the value fluctuates based on the market sentiment at the time. Investors receive rental income based on their share.

Allunga Advisory helped with the search for the new capital partner.

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=29358]

[smartcode_project:default project_id=22699]

[smartcode_project:default project_id=3298]
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BrickX sold to Thundering Herd by BridgeLane-led venture capital syndicate

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The last big auction weekend before Christmas saw continued strong listing and buying activity across Melbourne.
Some 1,394 Melbourne homes were taken to auction, returning a preliminary clearance rate of 73 percent.
<div>
The top sale was <a href="https://www.marshallwhite.com.au/property/3a-st-martins-close-kooyong-857637/" target="_blank">3A St Martins Close, Kooyong</a> (pictured main) which fetched $2.99 million, with six registered parties.
The contemporary four bedroom, three bathroom home sold through Marshall White whose price guide had been $2.1 million to $2.3 million.
It was built two years ago on its 509 sqm block.
Melbourne's cheapest sale was $175,000 when the studio apartment at <a href="https://www.edwardthomas.com.au/listings/residential_sale-2086708-flemington/" target="_blank">32/22-28 Canterbury Street, Flemington</a> (below) was sold.
<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/2019/12/16/3222-28%20Canterbury%20Street%20Flemington.jpg" alt="">
It had been listed with $170,000 to $180,000 having sold earlier this year at $172,000.
Edward Thomas selling agent Evie Glentzes said the top floor apartment had been recently "refreshed."
It had been a $230 a week rental.
Over the previous week, a higher 1,520 homes were taken to auction across Melbourne, returning a 73 percent final clearance rate, according to CoreLogic.
Over the same week last year, a much lower clearance rate of 44 percent was recorded across 1,173 auctions.
</div>
<div>
There were 846 homes taken to auction across Sydney this week, down on the week prior when 976 auctions were held.
Preliminary results show a clearance rate of 73 percent, which was around last week’s final result.
One year ago, 723 auctions were held across Sydney returning a final clearance rate of only 38 percent.
The top sale in Sydney was at Dural when <a href="https://lumbyhampson.com.au/buy/real-estate/1425181/7-wyoming-road-dural-nsw-2158" target="_blank">the Duralong acreage estate</a> (below) fetched $5.08 million with four registered bidders.
<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/2019/12/16/Duralong.jpg" alt="">
The two hectare holding with five bedroom, five bathroom home is set within manicured gardens with inground saltwater pool and championship size tennis court .
The 7 Wyoming Road home sold through Kate Lumby and Will Hampson having last sold six years ago for $3.025 million.
The weekend listings were much higher than anticipated, the boss of SQM Research Louis Christopher noted for what, effectively, was the last auction weekend of 2019.
"It has been an eventful one for the housing markets," he noted, saying a "V shaped recovery" came with the bottom of the market occurring immediately after the May election.
Both Sydney and Melbourne saw strong" finishes to the year, the chief economist at AMP Capital Shane Oliver said. 
Melbourne has around 240 scheduled auctions for next Saturday December 21, with 120 offerings in Sydney, according to Domain, although many agents will seek to find a buyer ahead of auction, or withdraw the property from auction if buyer interest is not sufficient.
The final week of auction reporting for the year saw the national combined capital city clearance rate drop just below 70 per cent, with the CoreLogic head of research Tim Lawless advising volumes were seeing their usual seasonal taper.
<div>
There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by 5.6 percent on last week’s 2,912 auctions.
<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/2019/12/16/Cap%20Dec%2016.jpg" alt="">
Preliminary results show a clearance rate of 69 percent, after last week’s final clearance rate of 71.1%.
One year ago, 2,406 auctions were held across the combined capitals, with only 40 percent returning a successful result.
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The smaller capital cities returned varied results, with Adelaide coming in with the highest preliminary clearance rate of 60 percent, while only 34 percent of Perth homes sold at auction.
There was a 45 percent success rate in Brisbane. It was 57 percent in Canberra.
The nation's cheapest sale was $126,000 when LJ Hooker sold a one bedroom unit at <a href="https://queanbeyan.ljhooker.com.au/unit-in-queanbeyan-nsw-2620-au-1czhfan?search=%2fsearch%2fproperty-for-sale%2fpage-1%3ffilter%3dauctionsonly#.XfWaii2B18c" target="_blank">31/22 Mowatt Street, Queanbeyan East</a>.
The 33 sqm space had last been up for rent at $190 a week three years ago.
"Auction activity won't pick up in earnest until February," Lawless said.
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Auction result strength continues in last big weekend before Christmas

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

Jonathan Chancellor

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