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Preliminary auction clearance rates for Brisbane sit at 58.2% from a total of 158 auctions, according to the CoreLogic RP Data Property Market Indicator Summary for the week ending August 30.
 
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Brisbane preliminary clearance rate at 58.2%: CoreLogic RP Data 

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Inner Melbourne had a preliminary clearance rate of 68.0% from 253 total auctions, according to CoreLogic RP Data's Property Market Indicator Summary for the week ending 30 August.
In the inner south region, 168 properties went to auction -  a clearance rate of 87.2%.
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Inner Melbourne hits preliminary clearance rate of 86% CoreLogic RP Data

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The eastern suburbs region of Sydney had a preliminary clearance rate of 87.6% from 118 total auctions, according to CoreLogic RP Data's Property Market Indicator Summary for the week ending 30 August.
In the north Sydney and Hornsby region, 118 properties went to auction -  a clearance rate of 87.6%.
 
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Sydney's eastern suburbs clears 87.6% preliminary clearance rate: CoreLogic RP Data

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New South Wales auction results for the week ending Sunday August 30 show a preliminary clearance rate of 78% from 1080 scheduled auctions.
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<div class="num">According to data from realestate.com.au, 516 were sold at auction within NSW, 142 passed in and 142 sold prior to auction.</div>
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<div class="num">One standout property in the Sydney suburb of Annandale was a two bedroom terrace at <a href="https://www.realestate.com.au/property-house-nsw-annandale-120376477" target="_blank">22 Collins St Annandale</a> which sold for $980,000.</div>
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<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
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NSW shows auction clearance rate of 78%: Realestate.com.au

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Victoria had a clearance rate of 78% this weekend, up from 73% last weekend and 73% this weekend last year. 
A total of 941 auctions reported to the REIV according to chief executive officer Enzo Raimondo who said of the 738 sold and 203 being passed in, 85 of those on a vendor bid.
"The suburbs with top auction sales in the year to date were Reservoir with 387 auctions followed by Glen Waverley with 306 auctions and Richmond with 298 auctions," he said.
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 For more information on weekend statistics, click <a href="/news">here</a>.
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Victorian weekend clearance rate up: REIV

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The preliminary auction clearance rate for the week ending August 30 was 75.4% from a reported 2,583 auctions across all capital cities, according to CoreLogic RP Data.
Last week the preliminary clearance rate was 72.9%
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Preliminary capital city clearance rate at 75.4% CoreLogic RP Data

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday August 29. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for August 

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<div>The top five properties attracting the most interest on realestateview.com.au this week are a mixture of those with development potential, trophy mansions and smart buys for potential investors.</div>
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<div>The property generating the most clicks through realestateview.com.au last week was a potential development site at 17 Marriott Parade Glen Waverley.</div>
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The home, set on 1538 sqm of land, is offered up as an opportunity to build a <a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9226490" target="_blank">four storey apartment complex</a>. It sold through Freeman Li and Tony Ievoli from Barry Plant Glen Waverley.
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<div><img src="/images/2015/08/28/17-Marriott-Parade-Glen-Waverley-VIC-3150-Real-Estate-photo-1-large-9226490.jpg" alt="" width="500" height="333"></div>
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The second most clicked property on realestateview.com.au is a  brand new property located at <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9156442" target="_blank" style="line-height: 1.3em;">10 Lauren Close, Gol Gol</a>, for sale at $490,000. 
The four bedder with a massive family room and study nook features 9ft ceilings and spotted gum timber floors throughout.
It is for sale through Roccisano Real Estate.
<a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9226490"><img src="/images/2015/08/28/10-Lauren-Close-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9156442.jpg" alt="" width="438" height="291"></a>
 
The third most clicked house on realestateview.com.au this week is an expressions of interest for a Kew trophy home. 
The property, <a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9341870" target="_blank">25 Barry Street Kew</a>, Victoria, is a five bedroom mansion for sale through Sam Wilkinson and Scott Patterson of Kay &amp; Burton Hawthorn.
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The fourth most clicked property for the last week is <a href="https://www.realestateview.com.au/Real-Estate/42-buller-drive-glen-waverley/Property-Details-buy-residential-9215338" target="_blank">3/16 Cromdale Street Mount Martha, Victoria</a>, listed for sale between $590,000 and $650,000. It is for sale through Sam Danckert of Abode Mt Martha.
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The fifth most clicked property on realestateview.com.au this week is a single level Victorian home with three bedrooms at <a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9260418" target="_blank" style="line-height: 1.3em;">137 Male Street, Brighton</a>, Victoria.
The property sold at auction last week through Barb Gregory and Jason Collie of Marshall White Brighton.
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Top five most clicked homes: Realestateview.com.au

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The public and VIP CBRE launch of the $140 million residential complex Macquarie Green is slated for next month with construction expected to begin late this year.
Designed by Marchese Partners, and developed by TOGA and Gresham Property, Macquarie Green’s gated community features 164 one, two and three bedroom apartments and townhouses across four low-rise buildings.
Two design features are available - Sanctuary, with timber undertones and white joinery and Oasis, offering grey oak floors with silver elm and antique white cabinetry. Smeg appliances, custom cabinetry, exquisite joinery, stone benches and timber floors are also included.
The development nears the Sydney Metro Northwest line and The Macquarie Centre upgrade (Herring Road Precinct).
Construction on Macquarie Green will begin in late 2015 with completion proposed for mid-2017.
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TOGA to launch Macquarie Green this September

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Industry super fund-owned bank ME will increase its basic variable home loan interest rate for new investor borrowers by 0.40% to 4.69% p.a. and its flexible home loan with member package interest rate for new investors by 0.36% to 4.89% p.a.
The changes come into effect 15 September 2015.
Rates across existing investor loans will also rise by 0.41%. 
Fixed rates for new owner occupied borrowers will fall between 0.09% and 0.50% across its 3 to 7 year terms, including its 3-year fixed rate falling 0.09% to 4.19% p.a. 
ME chief executive officer Jamie McPhee said the changes will benefit owner occupied borrowers particularly those seeking to buy their first home. 
 
“APRA introduced new regulatory measures to reinforce sound residential lending practices last December, including actions to restrict investor lending growth to no more than 10% p.a.
“The decision to increase investment rates was a difficult one, but after careful consideration we believe that combined with rate cuts across selected owner occupied home loans it strikes the right balance across our portfolio.”
 
 
 
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ME to raise basic variable rate for new investors by 0.4%

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

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The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

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Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

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“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

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Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

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Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

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The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

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Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Michael Crawford

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