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This week there were 2,419 capital city auctions held and the preliminary clearance rate was 79.0%, a good start to May, following on from last week’s record result (82.3%) across the capital city auction markets, when just 604 auctions were held.  
This week’s preliminary clearance rate is the third strongest combined capital city clearance rate on record, topped only by last week’s clearance rate and the 79.7% recorded in mid-September 2009. At the same time last year, 2,053 homes were taken to auction and the clearance rate was 63.2%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Capital-City.jpg"><img class="aligncenter size-full wp-image-4639" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Capital-City.jpg" alt="20150503 Capital City" width="983" height="735"></a>
Melbourne’s preliminary clearance rate this week was 81.3%. There were 1,110 auctions held across the city and so far 963 results have been reported. Last week, only 183 Melbourne homes were taken to auction, however demand was still strong, with 86.6% of homes selling.
 One year ago, Melbourne’s clearance rate was almost 20 percentage points lower, at 61.9%, while auction volumes were also lower, with 891 auctions held. This week, six out of the nine individual Melbourne sub-regions saw auction clearance rates above the 80% mark. The strongest performer this week was the Outer East region, where, across the 72 results reported, 65 were sold (90.3%).
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Melbourne.jpg"><img class="aligncenter size-full wp-image-4634" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Melbourne.jpg" alt="20150503 Melbourne" width="988" height="664"></a>
There were 839 Sydney auctions this week with a preliminary clearance rate of 87.3%, down from 89.7% last week and much higher than the 71.4% from one year ago. 
This week marks the 13th week in a row where Sydney’s clearance rate has been above 80%, and based on preliminary results, this is the third week in a row where Sydney’s clearance rate has been recorded at 87% or more. These strong results are no surprise given that one third of Sydney’s individual sub-regions recorded a preliminary clearance rate in excess of 90%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Sydney.jpg"><img class="aligncenter size-full wp-image-4636" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Sydney.jpg" alt="20150503 Sydney" width="990" height="672"></a>
This week, Brisbane’s preliminary clearance rate fell to 49.5% from 61.5% last week and 42.4% at the same time last year. There were 186 Brisbane auctions this week, compared to 41 last week and 142 last year. Across the Gold Coast there were 90 auctions held this week and so far 53 results have been reported with just 17 sales.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Brisbane.jpg"><img class="aligncenter size-full wp-image-4638" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Brisbane.jpg" alt="20150503 Brisbane" width="973" height="654"></a>
In Adelaide 158 auctions took place this week with a clearance rate of 72.5%. In comparison, at the same time last year, 97 Adelaide homes were taken to auction and 62.7% were reported as sold.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Adelaide.jpg"><img class="aligncenter size-full wp-image-4637" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Adelaide.jpg" alt="20150503 Adelaide" width="987" height="661"></a>
A total of 45 Perth homes were taken to auction over the week, up from 12 last week. Based on the preliminary results, Perth’s auction market was relatively soft this week, with just 27.8% of the 18 reported auctions sold so far, compared to 42.9% last week.
In Canberra, the auction clearance rate increased to 81.5% this week, from 71.4% last week.
This week, 15 Tasmanian auctions were reported to CoreLogic RP Data, with 6 sales.
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Third strongest combined capital city clearance rate on record: Shana Miller

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CoreLogic RP Data is currently tracking 2,871 auctions across Australia this week and 2,295 of these are in the capital cities. At the same time last year, auction volumes were lower at 2,053.
Last weekend marked the final weekend for auctions in April and while the number of auctions was low, the combined capital city clearance rate remained strong, showing that the demand for the homes that did make it to auction did not waver. The final auction clearance rate for last week was 82.3% across 604 auctions. While last week’s clearance rate is the strongest result on record, given Anzac Day, auction volumes were around 70% lower than the average number of auctions that has been held each week so far this year.
Last week’s result brings the April clearance rate for the combined capitals to 78.8%, well above the same time last year when the clearance rate over the month was 66.4% and higher than the 76.6% recorded in March.
Currently, there are 1,033 auctions scheduled in Melbourne for this week, compared to 891 at the same time last year. Last week, the clearance rate across the 183 auctions held was 86.6%, a strong result, despite the low volume. Last week’s result brings the clearance rate for April to 79.7%.
In Sydney, the auction clearance rate for last week was 89.7% across 285 auctions. The result was the strongest on record for the city; however, given the low number of auctions, it could be argued that it was not as significant as the 87.0% recorded across 988 auctions the previous week. This week, Sydney is expecting 815 residential auctions. Over the past four weeks, April proved to be a strong month for Sydney, with the auction clearance rate above 83% each week.
There are 172 auctions expected across Brisbane this week, compared to 41 last week and 142 at the same time last year. The final auction clearance rate was recorded at 61.5% for Brisbane last week, a strong result for the city.
This week, Adelaide is expecting 156 auctions, up from 59 last week and 97 at the same time last year. Last week Adelaide’s clearance rate was 59.2%.
Canberra’s auction clearance rate from last week was 71.4% with just 23 homes taken to auction. This week, CoreLogic RP Data is expecting 55 auctions which are relatively similar to the 47 homes taken to auction one year ago.
There will be 43 Perth homes taken to auction this week, up from 12 last week and 41 at the same time last year.
The highest volume of auctions for any one individual suburb this week is outside of the main capital city auction markets in Armidale, New South Wales. Currently, CoreLogic RP Data is tracking 21 Armidale homes that are set for auction this week. The number of auctions scheduled in the Victorian suburbs of South Yarra (18) and Reservoir (17) is also high.
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Residential auction markets set to become busy again: Shana Miller

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Over the most recent four week period, the number of new listings added to the market has remained somewhat subdued with the traditional slow-down in listings experienced each year around Easter still included in the four week reporting period.
The number of new residential property listings are broadly still lower than they were one year ago. Across the combined capitals, 24,535 new listings were added to the market over the four weeks ending 26 April 2015, -4.8% lower than the 25,785 added at the same time last year. Nationally, new listings are -8.9% lower than last year, with 40,688 new homes advertised for sale over the most recent four weeks (3,952 fewer than last year).
As a result of the new stock that has been added to the market, the total number of residential properties currently available for sale across the combined capitals is 99,270 and 241,647 properties nationally. While the total stock levels for the capital cities are lower than at the same time in 2014 (-3.9%), the number of properties available Australia-wide is trending closer to the 2014 levels, with -2.2% fewer residential properties available for sale, however, this number is largely being driven by re-lists, rather than new listings.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/ListingsTable.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4598" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/ListingsTable.jpg" alt="ListingsTable" width="1184" height="263"></a>
Melbourne, Brisbane and Adelaide are each seeing more new listings come onto the market than at the same time last year however, unlike Brisbane and Adelaide, Melbourne’s total stock available for sale is currently lower than it was at the same time last year.
In each other capital city, the number of residential properties entering the market is lower than over the comparable four week period at the same time last year. Despite Sydney’s current strong performance in terms of capital growth, stock levels across the city are much lower than what has been observed historically.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/CC-graph.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4597" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/CC-graph.jpg" alt="CC graph" width="1275" height="485"></a>
Across the states and territories, total available stock levels are higher than at the same time last year in Queensland (66,158 compared to 63,773 last year), South Australia (17,227 compared to 16,954 last year) Western Australia (34,993 compared to 34,328 last year), Northern Territory (1,942 compared to 1,500 last year) and the Australian Capital Territory (2,194 compared to 2,067 last year), while in New South Wales, Victoria and to a lesser extent, Tasmania, the number of residential properties currently listed for sale is lower than over the comparable period 12 months ago.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/National-graph.jpg" rel="wp-prettyPhoto[g4596]"><img class="aligncenter size-full wp-image-4599" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/National-graph.jpg" alt="National graph" width="1264" height="481"></a>
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Post-Easter new listings continue to slow: CoreLogic RP Data

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As a result of the Anzac Day commemorations on Saturday, which is traditionally the busiest day for auctions, it was a quiet week for auction activity.
There were 550 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 84.3%. While this is the highest auction clearance rate on record, it is likely that the clearance rate will revise down as the remaining auctions are reported.
Last week, a clearance rate of 78.9% was recorded across 2,603 capital city auctions. At the same time last year, auction volumes were higher than this week, but still low off the back of Easter, with 881 properties taken to auction and a clearance rate of 64.6%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Capital-City.jpg" rel="wp-prettyPhoto[g4541]"><img class="aligncenter size-full wp-image-4543" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Capital-City.jpg" alt="20150426 Capital City" width="974" height="738"></a>
In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 87.4% was recorded across 169 auctions this week. Last week, Melbourne’s final clearance rate was recorded at 79.5% across 1,266 auctions, while this time last year, 373 properties were taken to auction across Melbourne and a clearance rate of 63.0% was recorded. The busiest Melbourne sub-regions this week were Melbourne’s Inner region and the Inner South region, where 27 and 26 auctions were held respectively.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Melbourne.jpg" rel="wp-prettyPhoto[g4541]"><img class="aligncenter size-full wp-image-4544" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Melbourne.jpg" alt="20150426 Melbourne" width="978" height="661"></a>
Sydney’s preliminary clearance rate this week was 91.9% across 192 auction results. There were a total of 249 auctions held across the city. Excluding this week, last week’s clearance rate of 87.0% across 988 auctions was the highest clearance rate on record for the city. It will be interesting to track this week’s final auction clearance rate once the remaining results have been reported.
Looking back at this weekend last year, 361 auctions were held across Sydney and a clearance rate of 71.3% was recorded. Sydney’s Eastern Suburbs hosted the most auctions of any Sydney sub-region this week, with 62 properties taken to auction. The preliminary clearance rate for the region is 95.7% across 47 results.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Sydney.jpg" rel="wp-prettyPhoto[g4541]"><img class="aligncenter size-full wp-image-4545" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Sydney.jpg" alt="20150426 Sydney" width="982" height="667"></a>
There were 39 Brisbane auctions this week and so far 11 results have been reported, with 10 sales. Last week, auction volumes across the city were much higher with 140 auctions held across the city and a 46.4% clearance rate recorded.
Much like Brisbane, the number of homes taken to auction this week fell across the Gold Coast with 32 properties up for sale this week. Of the 21 results reported, just over half (52.4%) were successful.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Brisbane.jpg" rel="wp-prettyPhoto[g4541]"><img class="aligncenter size-full wp-image-4547" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Brisbane.jpg" alt="20150426 Brisbane" width="981" height="650"></a>
A total of 59 Adelaide homes were taken to auction this week, with a preliminary clearance rate of 55.0% across 20 results, down from 69.7% last week when 97 auctions were held across the city.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Adelaide.jpg" rel="wp-prettyPhoto[g4541]"><img class="aligncenter size-full wp-image-4546" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150426-Adelaide.jpg" alt="20150426 Adelaide" width="978" height="655"></a>
In Perth, just 10 auctions were held this week. So far, only 2 successful sales have been reported to CoreLogic RP Data. Last week, the final auction clearance rate for Perth was 28.6% across 36 auctions.
Canberra’s clearance rate was 78.6% this week, up from 65.6% last week.
There was only 1 Tasmanian auction held this week. The property was reported as sold.
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Auction volumes drop due to Anzac Day commemorations: Shana Miller

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GUEST OBSERVATION
Given that Anzac Day falls on Saturday this year, traditionally the busiest day for auctions, the number of auctions being held this week is much lower than usual. 
Currently CoreLogic RP Data is expecting 433 capital city auctions to take place during the week ending 26 April, with just 591 held nationally. At the same time last year, there were 881 capital city auctions held.
In Melbourne, 143 homes will be taken to auction this week. Last week, Melbourne’s final auction clearance rate was recorded at 79.5%, with 1,266 auctions held across the city. Melbourne’s clearance rate last week was the second highest on record this year, with the highest recorded over the Easter weekend, when volumes were considerably lower.
Last week, Sydney’s final auction clearance rate came in at 87.0% across 988 total auctions. This is the highest clearance rate on record for the city, with nine of the top ten clearance rates on record for the city having occurred this year. There will only be 174 auctions held across Sydney this week, with the majority of the auctions held prior to the weekend, given the Anzac Day commemorations.
There are 31 Brisbane auctions currently being tracked by CoreLogic RP Data, down significantly from 140 last week, when the final auction clearance rate was 46.4%.
Adelaide’s final auction clearance rate for last week was 69.7%, with 97 auctions held over the week and 76 results reported. There will be 54 auctions held across the city this week, with the majority of the auctions held on weekdays and on Sunday.
There are 22 Canberra auctions scheduled this week, down from 65 last week. 65.6% of Canberra’s auctions that were reported last week were successful at auction, with Canberra’s auction success rate becoming increasingly strong.
In Perth, 36 auctions were held last week and the clearance rate fell to 28.6%. This week, there are only six auctions scheduled across Perth.
The busiest suburbs for auctions this week are Bondi Beach in Sydney and Surfers Paradise in Queensland’s Gold Coast. Both suburbs have six auctions being held this week.
Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">RP Data</a>.
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Anzac Day shifts focus away from auctions this weekend: Shana Miller

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GUEST OBSERVATION
This week, CoreLogic RP Data is currently tracking 2,936 auctions across Australia, with 2,296 scheduled in the capital cities. 
The coming week of auction activity will bring auction volumes back into line with where they were sitting prior to the seasonal Easter slow-down. At the same time last year, only 642 capital city auctions were held, given the seasonal effect from Easter.
The final auction clearance rate for last week confirms that Sydney’s auction market is not showing any signs of slowing down; with last week signifying the 9th week in a row in which the Sydney auction clearance rate remained above the 80% mark. 
The consistently high rate of clearance highlights that there is increasingly more incentive for Sydney vendors to consider selling their home by auction. The last time an auction market was recording results this strong was towards the end of 2009 and the start of 2010, when Melbourne’s clearance rate was trending above the 80% mark.
At this time, however, the number of auctions being held across the city was lower than what is currently being experienced across Sydney.
Melbourne is set to host 1,145 auctions this week, an increase from 716 last week. Melbourne’s final auction clearance rate was recorded at 77.6% last week, strengthening when compared to the 76.2% clearance rate recorded over the first quarter of 2015.
Last week, 671 Sydney auctions were held with a final auction clearance rate of 83.4%. This week, 845 Sydney auctions are expected. The number of auctions have not returned to the volumes seen in the lead up to Easter, however, the clearance rate is maintaining strength with no signs of slowing down.
Brisbane is expecting 119 auctions this week, almost unchanged when compared to the 117 auctions held last week. Brisbane’s final auction clearance rate was recorded at 54.4% last week, a strong result for the city. Over the March 2015 quarter, Brisbane’s auction clearance rate was recorded at 46.5%, having improved from 44.3% over the final three months of last year.
This week, Adelaide has 85 auctions scheduled, up only slightly from 83 last week. While Adelaide recorded a strong preliminary auction clearance rate this week, as additional results were reported the clearance rate revised down to 68.6%, which is trending in line with what was observed over the few weeks leading up to the Easter slow down.
Canberra has 56 auctions scheduled this week, compared to 53 last week, when a final clearance rate of 72.7% was recorded.
There are 32 Perth auctions scheduled for this week, up from 24 last week. Over the same week last year, Easter brought the volume of Perth auctions down to virtually nothing, with just 3 homes taken to auction over the seven day period.
Nationally, the two suburbs with the most auctions scheduled this week are both located in Melbourne. The neighboring suburbs of Glen Waverley and Mount Waverley each have 17 auctions scheduled to take place on Saturday.
Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">RP Data</a>.
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Auction volumes to rise in Sydney, Melbourne and Perth: Shana Miller

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GUEST OBSERVATION
Auction volumes increased this week, albeit from a low base due to the Easter long weekend, with 1,568 auctions scheduled across the combined capital cities this week.
A total of 1,014 results were recorded with the preliminary clearance rate remaining stable at 79.0%, up only slightly from 78.9% last week. At the same time last year, 67.2% of all capital city properties taken to auction recorded a successful sale, while volumes were much higher at 3,534; however volumes were elevated in what was last year’s lead up to the Easter long weekend.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Capital-City.jpg" rel="wp-prettyPhoto[g4501]"><img class="aligncenter size-full wp-image-4507" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Capital-City.jpg" alt="Capital City" width="1140" height="852"></a>
As Australia’s largest auction market, Melbourne’s preliminary auction clearance rate was recorded at 77.7% this week, more than 10% higher than at the same time last year, when over the week the auction clearance rate was recorded at 64.4%.
The number of Melbourne homes taken to auction this week was 674, compared to just 63 last week and 1,530 over the same week in 2014. Across Melbourne’s sub-regions, the strongest performers this week were the Outer East region (91.7%), followed by Melbourne’s Inner East, where the clearance rate was recorded at 84.9%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Melbourne.jpg" rel="wp-prettyPhoto[g4501]"><img class="aligncenter size-full wp-image-4503" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Melbourne.jpg" alt="Melbourne" width="1145" height="758"></a>
Sydney vendors continued to experience strong conditions across the auction market this week, with the preliminary auction clearance rate recorded at 84.8% with 619 auctions held across the city.
In comparison, over the previous week, 427 Sydney auctions were held with a highly comparable clearance rate of 84.7%, while one year ago, Sydney’s auction clearance rate was recorded at 74.8% across 1,496 auctions.
This is the ninth week in a row where Sydney’s auction clearance rate has been recorded above the 80% mark. An exceptional result was recorded across Sydney’s Eastern Suburbs this week, with 35 auctions reported to CoreLogic RP Data and 34 of these recording a sale.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Sydney.jpg" rel="wp-prettyPhoto[g4501]"><img class="aligncenter size-full wp-image-4504" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Sydney.jpg" alt="Sydney" width="1148" height="770"></a>
Brisbane saw 111 auctions take place this week, with just over half of all results collected recording a sale (50.9%). This week’s preliminary clearance rate is stronger than both last week, when 40.0% of Brisbane auctions sold and at the same time last year, when the final auction clearance rate was recorded at 45.3%. Across the Gold Coast, 57 auctions were held this week, with the preliminary clearance rate recorded at 56.5%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Brisbane.jpg" rel="wp-prettyPhoto[g4501]"><img class="aligncenter size-full wp-image-4506" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Brisbane.jpg" alt="Brisbane" width="1132" height="750"></a>
A total of 80 Adelaide homes were taken to auction this week, with a strong preliminary clearance rate of 88.5%, up from 69.4% at the same time last year, and higher than the 83.3% recorded last week.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Adelaide.jpg" rel="wp-prettyPhoto[g4501]"><img class="aligncenter size-full wp-image-4505" src="https://blog.corelogic.com.au/wp-content/uploads/2015/04/20150412-Adelaide.jpg" alt="Adelaide" width="1145" height="765"></a>
Perth’s preliminary clearance rate this week was recorded at 77.8%, up from 60.0% the previous week and also higher than the 43.5% recorded at the same time last year.
76.0% of Canberra auctions were successful this week, which leaves the clearance rate relatively stable when compared to last week (71.8%) and much higher than at the same time last year (55.8%).
There were 10 Tasmanian auctions this week. 7 results were reported to CoreLogic RP Data, with four sales recorded.
Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">RP Data</a>.
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Strong national auction clearance rate maintained: Shana Miller

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GUEST OBSERVATION
Each year, in the weeks leading up to the Easter long weekend, the number of new listings coming onto the market often slows down.
This year has been no exception, with the number of residential properties being added to the market beginning to fall on a week by week basis.
Across the combined capital cities, the number of new listings coming onto the market over the four weeks ending 22 March was -1.6% lower when compared to the previous rolling four week period and over the week ending 29 March, new listings were a further -4.0% lower.
Click charts to open in new window:
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpghttps://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpg" target="_blank"><img class="alignnone size-full wp-image-4458" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Table1.jpg" alt="Table" width="1185" height="269"></a>
There were 27,238 new capital city properties advertised for sale over the four weeks ending 29 March 2015, -13.3% lower than at the same time last year, however overall stock levels (103,022) across the combined capital cities are just -3.9% lower than they were at the same time last year.
Perth (20,409 compared to 17,406), Darwin (1,452 compared to 1,091) and Canberra (2,344 compared to 1,911) are all recording higher total stock levels than they were at the same time last year, however the number of new listings for each market is lagging behind when compared to the same four week period one year ago which, as mentioned previously, is likely to be attributed to the seasonal slow-down leading up to the Easter long weekend.
Across Sydney, the total number of listings over the most recent four week period was recorded at 19,047, down -16.2% when compared to the 22,723 properties available for sale at the same time last year and new listings being added to the Sydney market are currently -20.9% lower than at the same time last year. In Melbourne, total listings are -10.4% lower, -6.0% lower in Hobart, -4.2% lower in Adelaide, while total listings are just -1.5% lower than over the same four week period last year in Brisbane.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/CombinedCapitalGraph.jpg" target="_blank"><img class="alignnone size-full wp-image-4459" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/CombinedCapitalGraph.jpg" alt="CombinedCapitalGraph" width="1272" height="483"></a>
One interesting thing to take note of is that currently the number of total listings across Perth is higher than the number of listings that CoreLogic RP Data is tracking across the Sydney market. This has generally been the trend since the beginning of the year and it is the first time in the history of tracking listings (since 2007) that Perth has had a higher number of properties listed for sale than Sydney.
This indicates that stock turnover across Sydney is outpacing the number of new homes coming to the market and can likely be attributed to the strong performance across the residential housing market over the past year. Similarly, Perth’s residential market has shown a slow-down in transactions and value growth since the end of 2013 resulting in less of the listings stock being absorbed.
On a national level, over the 28 days ending 22 March 2015, there were 45,039 new residential properties advertised for sale, bringing the total number of houses, units and vacant land properties available for sale across Australia up to 246,708.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/NationalGraph.jpg" target="_blank"><img class="alignnone size-full wp-image-4457" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/NationalGraph.jpg" alt="NationalGraph" width="1267" height="488"></a>
 Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">CoreLogic RP Data</a>.
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Listings slow down in the lead up to the Easter long weekend: Shana Miller

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GUEST OBSERVATION
Each week, CoreLogic RP Data monitors residential properties coming to the market for sale through what is commonly known as ‘listing activity’.
Listings are tracked across three different categories; houses, units and vacant land. Listing counts provide a comprehensive look at stock currently available for sale at a national level and across each state and territory. CoreLogic RP Data also tracks listing volumes across the combined capital cities as well as in each individual Australian capital city.
One of the key benefits of this data set is that it can be used to monitor stock levels over time. The listings volumes are a key indicator of how the property market is tracking at any given time. Paired with the number of transactions, listings volumes help to provide a good indication of how balanced a market is, and what proportion of stock is available for sale or is being turned over.
Similarly, listings can be paired with sales volumes to help us work out the effective supply across the market and how many months of stock are available at any one time.
Over the four weeks ending 25 January 2015 there were 29,107 new listings added to the market and the total number of properties available for sale was 229,453.
While not surprising, off the back of the end of year slow down, new listings are much lower than they were three months ago when over the four weeks ending 21 September 2014, 42,650 new listings were added to the market nationally.
In comparison to the same time last year, we can see that new listings coming onto the market across Australia are currently -8.3% lower, however, total stock levels are just -2.2% lower.
Similarly across the capital city markets, the total number of new listings that were added to the market over the four weeks ending 25 January 2015 (16,352) were -6.6% lower this year, compared to last year and total listings (89,521) are -4.1% lower.
Click to open in new window:
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Listings-table.jpg" target="_blank"><img class=" size-full wp-image-4219 aligncenter" src="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Listings-table.jpg" alt="Listings table" width="1420" height="306"></a>
What is interesting is that across the combined capital cities for the majority of 2014, total listings on a rolling four week basis remained lower than at the same time in 2013. However, new listings numbers were higher in comparison to the previous year for much of the first half of the year and a similar trend was seen in October and November.
The fact that new listings were higher, but total listings were lower suggests that stock was being absorbed faster than it was in 2013. This can be further quantified by looking at sales volumes over the start of 2014.
Between January and May, the total number of houses and units sold was higher on a month-by-month basis than the previous year, while sales volumes began to ease slightly towards the end of the year.
Furthermore, the average time on market trended lower in 2014 further highlighting a more rapid rate of sale.
Click to open in new window:
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Number-of-homes-for-sale-combine-capital-cities.jpg" target="_blank"><img class=" size-full wp-image-4220 aligncenter" src="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Number-of-homes-for-sale-combine-capital-cities.jpg" alt="Number of homes for sale, combine capital cities" width="1273" height="488"></a>
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Number-of-homes-for-sale-national.jpg" target="_blank"><img class=" size-full wp-image-4221 aligncenter" src="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Number-of-homes-for-sale-national.jpg" alt="Number of homes for sale, national" width="1269" height="482"></a>
As shown in the above graphs, we know from previous years that the number of homes available for sale will start to ramp up over the next few weeks and we will also see more activity begin to resume across the auction market which over the past six weeks has been relatively quiet.
Similarly, we have also seen the CoreLogic RP Data Listings Index pick up after the seasonal slowdown, with the index up 31.6% over the week ending 25 January 2015.
This Index is a lead indicator for residential dwellings being prepared for sale, so the rise in the Index is clearly signifying the conclusion of the quiet end of year period.
Click to open in new window:
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Listing-Index.jpg" target="_blank"><img class=" size-full wp-image-4222 aligncenter" src="https://blog.corelogic.com.au/wp-content/uploads/2015/01/Listing-Index.jpg" alt="Listing Index" width="1171" height="447"></a>
Shana Miller is a research analyst at <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow">CoreLogic RP Data</a>.
</body></html>

Residential listings trending lower than this time last year: CoreLogic 

<html><body>
After two subdued weeks for auctions, the number of auctions held across the combined capital cities increased this week, with 2,033 capital city properties taken to auction, compared to just 881 over the previous week. 
The preliminary clearance rate for last week was recorded at 66.3%, having increased from 64.6% the previous week. After an unseasonably strong start to the year, auction clearance rates are showing signs of softening, albeit only by a very small amount.
One year ago, there were 1,749 capital city properties taken to auction and the auction clearance rate was recorded at 67.7%. This is the first time so far this year where the current clearance rate has underperformed when compared to the same time one year ago.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Capital-city.jpg" target="_blank"><img class="alignnone size-full wp-image-3192" src="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Capital-city.jpg" alt="20140504 Capital city" width="1003" height="734"></a>
In Sydney last week, 817 auctions were scheduled and the preliminary clearance rate was recorded at 75.7%, up from 71.3% over the previous week when the auction market was much quieter, with 361 Sydney properties taken to auction.
So far this year, Sydney has been the strongest performing auction market in terms of clearance rates and has continuously been stronger when compared to the same week last year, however, this gap is beginning to close, with the current clearance rate more reflective of the clearance rates seen across the city at the same time last year when the market was beginning to strengthen.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Sydney.jpg" target="_blank"><img class="alignnone size-full wp-image-3197" src="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Sydney.jpg" alt="20140504 Sydney" width="996" height="651"></a>
A preliminary clearance rate of 63.7% was recorded last week in Melbourne from 691 auction results with a total of 878 auctions scheduled across the city.  At the same time last year, a clearance rate of 70.4% was recorded from 822 auctions. The total number of auction results will rise to exceed the total from last year but the clearance rate will not.
Auction demand for last week matched last month when a clearance rate of 62.3% was recorded. Overall results for April were lower than the 69.4% recorded in March.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Melbourne.jpg" target="_blank"><img class="alignnone size-full wp-image-3196" src="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Melbourne.jpg" alt="20140504 Melbourne" width="991" height="655"></a>
Much like Melbourne and Sydney, Brisbane recorded an increase in auction volumes last week, with 141 properties taken to auction across the city. The preliminary auction clearance rate for these properties was recorded at 42.5%, down from 49.2% the previous week across just 66 auctions. At the same time last year the Brisbane clearance rate was recorded at 45.1% with 153 properties auctioned over the week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Brisbane.jpg" target="_blank"><img class="alignnone size-full wp-image-3195" src="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Brisbane.jpg" alt="20140504 Brisbane" width="995" height="649"></a>
Last week, 98 Adelaide properties were taken to auction, up from 51 over the previous week. Similar to auction volumes, the auction clearance rate increased over the week from 64.4% to 65.6%. At the same time last year, conditions across the auction market were weaker with 92 auctions and a 56.4% clearance rate.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Adelaide.jpg" target="_blank"><img class="alignnone size-full wp-image-3194" src="https://blog.rpdata.com/wp-content/uploads/2014/05/20140504-Adelaide.jpg" alt="20140504 Adelaide" width="998" height="662"></a>
If we take a quick look around Australia’s other capital cities and regions performance was varied, much like it is most weeks.
In Canberra there were 45 auctions with a clearance rate of 60%, in Perth 40 properties were auctioned and the clearance rate was recorded at 50%, while across the Northern Territory, 11 residential properties were taken to auction and the preliminary clearance rate was recorded at 37.5%.
Across Tasmania 14 properties were taken to auction over the week, but at this point RP Data has only collected five results, with no successful sales.
Currently, RP Data is tracking 1,376 capital city auctions over the coming week.
Melbourne auction commentary provided by Robert Larocca, RP Data’s Victorian housing market specialist.
</body></html>

Clearance rates softening: RP Data's national auction market wrap

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Shana Miller

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