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

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

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.

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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Shana Miller

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