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The inner region of Melbourne holds a preliminary auction clearance rate of 69.5% from a total of 206 auctions for the week ending 23 August 2015, according to CoreLogic RP Data's Property Market Indicator Summary.
Melbourne's inner east had 150 total auctions with a clearance rate of 78.3% and the outer east a total of 59 auctions with a clearance rate of 78.7% 
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Inner Melbourne stakes prelim auction clearance of 69.5%

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Sydney's central coast had a 90.9% clearance rate from a total of 29 auction for the week ending August 23, according to CoreLogic RP Data. 
The eastern suburbs had 102 listed auctions with a clearance rate of 85.9%. The city and inner south regions had a clearance rate of 89.2% from a total of 90 auctions.  
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Sydney's central coast posts 90% clearance rate: CoreLogic RP Data

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Australian Property Monitors (APM) has released a list of results from 724 listed auctions in Sydney for Saturday August 22. The clearance rate was 76%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">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 Saturday August 22

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Melbourne had the lowest preliminary clearance rate since February for the week ending August 23, according to CoreLogic RP Data.
According to the CoreLogic RP Data Property Market Indicator Summary, the preliminary auction clearance rate across the combined capital cities was 74.1% from 1,784 reported results.  
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Melbourne has the lowest preliminary clearance rate since February: CoreLogic RP Data

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New South Wales auction results for week ending Sunday August 23 show a preliminary clearance rate of 80% from 903 scheduled auctions.
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<div class="num">According to data from realestate.com.au, 404 were sold at auction within NSW, 111 passed in and 145 sold prior to auction.</div>
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<div class="num">One standout property in the Sydney suburb of Beecroft was a four bedroom home on a <a href="https://www.realestate.com.au/property-house-nsw-beecroft-120384585" target="_blank">771 sqm block at 8 Mawson Avenue</a> which sold for $1,690,000.
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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 auction results hold at 80% clearance rate: Realestate.com.au

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Building of St Kilda's new 19 level teadrop-shaped residential building Opera will commence in early 2016, with completion anticipated in 2018. 
Designed by local architects Bates Smart, the $190 million building at <a href="https://www.realestate.com.au/project-opera-vic-melbourne-600008629" target="_blank">450 St Kilda Road</a> will include 228 one, two and three bedroom apartments. One bedrooms have one car space and the two and three bedders get two each.
Some three and four bedroom apartments, ranging from $1.12 to $2.7 million for a three bedroom and $3.1 to $4.88 million for a penthouse or sub-penthouse have already been sold.
The glass curved design requires double curved glazing panels to be installed on site – a process known as cold bending – the first of its type in Australia.
 
 
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St Kilda's Opera residential development to start 2016

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Property experts are continually surprised at how some investors get started in the market without knowing more about the entire process and educating themselves.
Offering commentary on Switzer's Home Loans website, Margaret Lomas, founder of Destiny Financial Solutions, likened the current new investor mentality to a doctor who was content to 'jump in the deep end' in order to learn.
"They figured that if they got it wrong, they would learn from that, and if they just followed the crowd and performed operations as everyone else did, they had a pretty good chance of success.," she said.
"Sounds mad, yes, but this is how most property investors get started. Either they have a notion that they would love to buy property, and away they go, or a property presents itself and so the decision is made to become a property investor, based on the opportunity which that one property presents. It’s little wonder that people make grave mistakes, often bad enough to turn them off property investing forever.
"Like the doctor who must remain at the top of their field through constant and ongoing education and through consistent fellowship with their peers, you must understand that property investing is a vastly changing landscape, which needs constant re-learning.
"It is ultimately linked to our economy, so we must constantly review not only what we are doing but also what we will do."
Lomas says before any property is purchased, the basics must be in place.
"This includes a complete understanding of not only your current financial position, in terms of income, expenses, assets and liabilities, but also of the time you have available until retirement.
"This is a crucial element that most people miss – what you buy, and where you buy depends on many things, but one important consideration will always be the length of time you have available during which to hold the property."
She says don’t fall into the trap of thinking that, once you have read a few books or attended a few seminars, your education is finished. 
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Property experts stunned at low investor knowledge

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Four out of the top five most clicked homes for sale on realestateview.com.au for the last week are located in Victoria, with only one entrant from NSW.
The listing that gathered the most interest online was a stylish three bedroom home belonging to Nick and Chris from the first season of House Rules.
The property, <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9273376" target="_blank">19 Jackman Street, Preston, Victoria,</a> is the only house on the street with dual car access and is being sold through hockingstuart Preston auction on Saturday, August 29.
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A four bedroom three bathroom Doncaster house listed with $1.2 million hopes was the second most clicked property.
The <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9204246" target="_blank">77 Church Road, Doncaster, Victoria</a> home faces north, is ripe for development and is for sale through Fletchers.
 
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A sold five-bedroom home with three living areas, a pool next to the outdoor room and deck complete with custom fit out is the third most popular listing.
The <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9218950" target="_blank">44 Cummins Road, Brighton East</a> home sold for $1,850,000 through Marshall White Brighton.
 
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The only home to feature on the list in New South Wales 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">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.
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The final home on realestateview's top five most clicked houses for the last week is <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-8547722" target="_blank">Lot 210 No 3 Vibrandia Way, Truganina, Victoria</a>, available through Wyndham Lakes Real Estate.
Homes in the estate are available from $305,000 to $335,000.
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House Rules home dominates most clicked house listings: Realestateview.com.au

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The first land release in The Gables Box Hill is slated for Saturday August 22, with 170 lots released over two days through priority number and auction.
Lot sizes from 450sqm to 600sqm will be released, with prices starting from $540,000. Some lots are elevated and have views overlooking the entire project.
The Gables Box Hill development director, Matthew Scard, said over 13,000 people eventually move into The Gables.
Eventually 4,000 dwellings will be built on the 3330 hectare holding. The development includes a proposed lake, a 5.5 hectare town centre, active and passive open spaces, a school, new roads and associated infrastructure.
Developers of The Gables, Celestino, are also managing work on The Sydney Science Park following the NSW Government's Gateway Determination for the its development. It will be a 280ha development and upon completion is expected to employ over 12,000 staff, 10,000 students in key scientific and technological and provide more than 3000 homes. 
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For more information on The Gables <a href="https://www.thegablesboxhill.com.au" target="_blank">click here</a>. 
 
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The Gables development set to release 170 lots 

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Newcastle's retail outlet The Store, located opposite Wickham Transport Interchange, is on the market with a view to redevelopment or refurbishment.
The site, <a href="https://www.realcommercial.com.au/property-offices-nsw-newcastle-501660633" target="_blank">854-868 Hunter Street Newcastle</a>, is for sale through an expressions of interest campaign closing 2pm, 11 September and is zoned for a wide array of uses including commercial, residential, hotel, retail and entertainment.
Adam Leacy of Colliers International said The Store has been at the heart of Newcastle's retail sector for many years. 
“This site offers a wide range of opportunities to the new owners,” he said.  
“It's prime location and flexible zoning will make it highly sought-after by a range of buyers, both local and from further afield.  Newcastle is NSW's second largest metropolitan centre and has a strong economy, making it a highly lucrative destination for investors looking beyond the major cities.”
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Newcastle's The Store on the market 

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.

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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.

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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.

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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.

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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.

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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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