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A 1970s Hawthorn house has been sold for $5.51 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-hawthorn-125400526" target="_blank">17 Fairview Street</a>, the 760 sqm property was marketed as being suitable to be redeveloped with views overlooking Fairview Park, Yarra River and CBD.
It was last sold in 2007 for $2.8 million.
Featuring formal lounge, dining and kitchen/meals area it also has in-ground pool and informal sitting area.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/17%20Fairview%20Street-2.jpg" alt="">
There are four family sized bedrooms with the master having walk-in robe and ensuite while a fifth bedroom/study is possible.
Close proximity to Glenferrie Road shops, cafes, restaurants, transport and amenities.
The property was offered through RT Edgar agents Oliver Booth and Abby Innes.
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j.ballantyne1990-6AQqhLzZaK

1970s Hawthorn house sold for $5.51 million

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Piper View, a quality lifestyle or permanent residence property is for sale through the Kilmore office of Ruralco Property.
It is so named as it has an outstanding outlook to the east that takes in uninterrupted views to the distant extinct volcano landmark of Mount Piper.
Located at 4 Kurkurac Court at High Camp the property is in a rural environment only twelve kilometres to the north of Kilmore township, with access by the Northern Highway and Moranding Road.
Piper View offers a land area of 24.9 hectares, or 61.5 acres, and has undergone substantial and professional development by the vendors since the property was first purchased by them as a bare block, one of three of roughly similar size served by a no through private estate type road.
Listed for sale with offers sought in the $880,000 to $920,000 range the vendors says they have enjoyed the property immensely but after some health issues have intervened recently they have reluctantly decided to sell to return to City living.
A key feature of Piper View is the large brick homestead comprising four bedrooms, two bathrooms (one being an ensuite, the second a large family bathroom) which they had built in 2004 by one of Australia’s leading residential builders.
With an area under roof of thirty one squares, the home includes a large formal lounge, a well serviced all electric kitchen with a combined dining and family living area.
There is a two-car garage under the roof line while double glazing has been used throughout increasing the energy efficiency of the home whose services include an open fire, wall heaters and reverse cycle air-conditioning systems that services two bedrooms
Other physical features include two water tanks each of 25,000 litres capacity to harvest rainwater plus another of identical size adjacent to a nine by five metre steel framed and concrete floored workshop or machinery shed with two roller doors for access.
Both structures are set in established gardens inclusive of plantings of eighteen olive trees, eighteen citrus and nineteen other fruit trees, ten muscatel grape vines, another twenty ornamental trees, plus 100 rose bushes with another 500 native trees dispersed around the holding.
There is also a large seasonal vegetable garden ideal for home-grown produce.
With one paddock dam and a tank fed trough, the vendors have run up to 25 cattle and 50 sheep.
The property has a long exposure of over four hundred and fifty metres to Kurkurac Creek along its southern boundary.
Ruralco Property’s selling agent Kilmore office based Jeanette Laffan says that “the vendors have invested untold time and a passion for gardening to advance the property to a very high standard, with the home being a particular delight”.
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Piper View, High Camp listed by Ruralco Property

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An art deco freestanding Russell Lea house has been sold for $5.15 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-russell+lea-125413062" target="_blank">26 Clements Street</a>, the P&amp;O inspired residence commands a double block that overlooks Iron Cove Bay.
Designed in 1939 by Guy Crick, a well-known architect, the two-storey home has a frontage of 24 metres and sits on an 934 sqm parcel of land.
There is potential to renovate, recreate or develop as two luxury homes STCA and has dual driveways with gated access.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/26%20Clements%20Street-2.jpg" alt="">
Three bedrooms plus a separate studio are available while the master has views and spa ensuite.
Free-flowing living, dining and sitting rooms are available along with modern gas kitchen.
There is also a lock-up garage.
The property was offered through Warwick Williams Real Estate agents Adrian Sereni and Warwick Williams.
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Guy Crick-designed art deco Russell Lea house sold for $5.15 million

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The first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week, according to CoreLogic’s latest report.
The property data firm says that the preliminary clearance rate across the combined capital cities was higher (73.9 per cent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 per cent).
With auction clearance rates typically revising lower as more results flow through, the final clearance rate is likely to be lower than what was recorded last week, CoreLogic auction analyst Kevin Brogan said.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.09.58%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.09.58%20am.jpg" alt="">
At the same time last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,008 auctions held and 68.2 per cent reported as successful.
The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise compared with last weeks finalised results, with Sydney at 77.5 per cent and Melbourne at 75.4 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.05%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.05%20am.jpg" alt="">
Across the smaller capital city markets, week-on-week results show mixed results with clearance rates falling in Brisbane and Canberra.
Across Melbourne, 1,181 homes were taken to auction and preliminary results show a clearance rate of 75.4 per cent, increasing from last week when the final clearance rate fell to 74.2 per cent across 1,366 auctions, the lowest clearance rate for the city so far this year.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.14%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.14%20am.jpg" alt="">
At the same time last year, Melbourne’s clearance rate was 71.1 per cent, with 970 auctions held across the city.
Looking at Melbourne’s sub-regions, the Inner region was the busiest for auctions across Melbourne with 227 homes going under the hammer, followed by the Inner South (180) and the West (156).
The West region was the best performer in terms of clearance rates, with a 83.5 per cent success rate.
Sydney’s preliminary auction clearance rate increased to 77.5 per cent from 72.7 per cent last week, while auction volumes were lower this week with 1,000 homes taken to auction, compared to 1,101 last week.
At the same time last year, both the clearance rate and auction volumes were lower with 692 homes taken to auction and a clearance rate of 72.9 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.21%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.21%20am.jpg" alt="">
Across Sydney’s sub-regions, the Outer South West, where 13 results have been reported so far, recorded a preliminary clearance rate of 38.5 per cent, while across Blacktown (89.5 per cent), Inner West (88.5 per cent) and Sutherland (88.4 per cent), the success rate of reported auctions was much higher.
There were 146 auctions held across Brisbane this week, down from 162 last week, and higher than one year ago (130).
Preliminary results for the city show that 51.0 per cent of auctions were successful this week, up from 52.2 per cent last week, while one year ago 48.2 per cent of auctions were sold.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.32%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.32%20am.jpg" alt="">
Further south, across the Gold Coast, 56 auctions were held over the week and 37 have been reported so far with a 32.4 per cent clearance rate.
A total of 107 auctions were held in Adelaide this week, down from 112 last week, and up from 98 last year.
<a href="https://www.propertyobserver.com.au/images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.39%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/04/Screen%20Shot%202017-06-04%20at%2011.10.39%20am.jpg" alt="">
Preliminary results for the week show 63.4 per cent sold, up from 57.6 per cent last week.
Across Perth, preliminary results show 58.3 per cent of the 12 reported auctions were successful, while one week ago 50.0 per cent of Perth auctions were successful and one year ago just 13.0 per cent were sold.
There were 78 auctions held in Canberra this week and the preliminary clearance rate was 71.9 per cent, down from 73.8 per cent last week and similar to one year ago (71.1 per cent).
A total of 4 auctions were held in Tasmania this week and so far there have been no reported results.
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Early winter clearance rate holds above 70% as auction volume slips lower: CoreLogic

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Nightcliff is Northern Territory’s cheapest locality to purchase a waterfront unit, according to Investar’s latest report.
The property investment firm says that the median price of waterfront units in Nightcliff is $219,000.
This is followed by Coconut Grove with $368,500 and Rapid Creek with $385,000
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="94">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="81">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="94">
Nightcliff
</td>
<td valign="top" width="64">
0810
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
$219,000
</td>
</tr>
<tr>
<td valign="top" width="94">
Coconut Grove
</td>
<td valign="top" width="64">
0810
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$368,500
</td>
</tr>
<tr>
<td valign="top" width="94">
Rapid Creek
</td>
<td valign="top" width="64">
0810
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$385,000
</td>
</tr>
<tr>
<td valign="top" width="94">
Stuart Park
</td>
<td valign="top" width="64">
0820
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$445,000
</td>
</tr>
<tr>
<td valign="top" width="94">
Bayview
</td>
<td valign="top" width="64">
0820
</td>
<td valign="top" width="81">
3
</td>
<td valign="top" width="122">
$492,500
</td>
</tr>
</tbody></table>
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-nightcliff-125568834">16/55 Aralia Street</a>, Nightcliff (above) has been listed for $159,000.
Similarly a one bedroom studio at <a href="https://www.realestate.com.au/property-studio-nt-nightcliff-120556437">8/5 Poinciana Street</a>, Nightcliff (below) has been listed for $199,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/02/8_5%20Poinciana%20Street.jpg" alt="">
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Nightcliff is NT's cheapest locality to buy waterfront units: Investar

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Nelson Bay is the cheapest NSW locality to purchase waterfront units, according to Investar’s latest June report.
The property investment firm says that the median price of waterfront units in Nelson Bay is $179,000.
This is followed by Coffs Harbour with $188,000 and Kingscliff with $190,000.
<table style="width: 380px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="113">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="81">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="113">
Nelson Bay
</td>
<td valign="top" width="64">
2315
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
$179,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Coffs Harbour
</td>
<td valign="top" width="64">
2450
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
$188,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Kingscliff
</td>
<td valign="top" width="64">
2487
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
$190,000
</td>
</tr>
<tr>
<td valign="top" width="113">
The Entrance
</td>
<td valign="top" width="64">
2261
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
$195,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Merimbula
</td>
<td valign="top" width="64">
2548
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$225,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Bermagui
</td>
<td valign="top" width="64">
2546
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$225,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Tweed Heads West
</td>
<td valign="top" width="64">
2485
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$229,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Narooma
</td>
<td valign="top" width="64">
2546
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$235,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Forster
</td>
<td valign="top" width="64">
2428
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="122">
249,000
</td>
</tr>
<tr>
<td valign="top" width="113">
Nambucca Heads
</td>
<td valign="top" width="64">
2448
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="122">
$259,500
</td>
</tr>
</tbody></table>
A one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-nelson+bay-104990890" target="_blank">123/61A Dowling Street</a>, Nelson Bay (above) has been listed for $185,000.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-nelson+bay-124164530" target="_blank">208/61B Dowling Street</a>, Nelson Bay (below) was sold in March this year for $165,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/02/208_61B%20Dowling%20Street.jpg" alt="">
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Nelson Bay, NSW waterfront units for under $180,000: Investar

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Properties under $400,000 are very much available in Hobart, according to CoreLogic’s latest report.
The property data firm says that houses in Hobart have a private treaty median price of $390,000 while units are $323,250.
<a href="https://www.propertyobserver.com.au/images/2017/05/29/Screen%20Shot%202017-05-29%20at%2012.03.01%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/29/Screen%20Shot%202017-05-29%20at%2012.03.01%20pm.jpg" alt="">
Sydney and Melbourne remain the most expensive area to purchase properties with Sydney properties approaching the $1 million mark while Melbourne properties can only be bought between $500,000 and $700,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-south+arm-125460150" target="_blank">3248 South Arm Road</a>, South Arm (above) has been listed for between $260,000 to $285,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-tas-bellerive-125460510" target="_blank">4/31 South Street</a>, Bellerive (below) has been listed for between $240,000 to $260,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/29/4_31%20South%20Street.jpg" alt="">
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Hobart property median price sits under $400,000: CoreLogic

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Franklin’s median price growth is the fastest in ACT for houses, according to Investar’s latest report.
The property investment firm says that Franklin’s house median prices have increased by 22%.
This is followed by Palmerston with 17% and Holt with 14%.
<table style="width: 452px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="71">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="83">
Current median price
</td>
<td valign="top" width="83">
Median price 1 year ago
</td>
<td valign="top" width="83">
Median price growth
</td>
</tr>
<tr>
<td valign="top" width="71">
Franklin
</td>
<td valign="top" width="64">
2913
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="83">
$789,000
</td>
<td valign="top" width="83">
$645,000
</td>
<td valign="top" width="83">
22%
</td>
</tr>
<tr>
<td valign="top" width="71">
Palmerston
</td>
<td valign="top" width="64">
2913
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="83">
$670,000
</td>
<td valign="top" width="83">
$572,000
</td>
<td valign="top" width="83">
17%
</td>
</tr>
<tr>
<td valign="top" width="71">
Holt
</td>
<td valign="top" width="64">
2615
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="83">
$480,000
</td>
<td valign="top" width="83">
$420,000
</td>
<td valign="top" width="83">
14%
</td>
</tr>
<tr>
<td valign="top" width="71">
Ainslie
</td>
<td valign="top" width="64">
2602
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="83">
$819,000
</td>
<td valign="top" width="83">
$720,000
</td>
<td valign="top" width="83">
13%
</td>
</tr>
<tr>
<td valign="top" width="71">
Crace
</td>
<td valign="top" width="64">
2911
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="83">
$789,500
</td>
<td valign="top" width="83">
$699,000
</td>
<td valign="top" width="83">
12%
</td>
</tr>
<tr>
<td valign="top" width="71">
Latham
</td>
<td valign="top" width="64">
2615
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="83">
$480,000
</td>
<td valign="top" width="83">
$429,000
</td>
<td valign="top" width="83">
11%
</td>
</tr>
<tr>
<td valign="top" width="71">
Melba
</td>
<td valign="top" width="64">
2615
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="83">
$620,000
</td>
<td valign="top" width="83">
$555,000
</td>
<td valign="top" width="83">
11%
</td>
</tr>
<tr>
<td valign="top" width="71">
Amaroo
</td>
<td valign="top" width="64">
2914
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="83">
$640,000
</td>
<td valign="top" width="83">
$575,000
</td>
<td valign="top" width="83">
11%
</td>
</tr>
<tr>
<td valign="top" width="71">
Gowrie
</td>
<td valign="top" width="64">
2904
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="83">
$515,000
</td>
<td valign="top" width="83">
$464,500
</td>
<td valign="top" width="83">
10%
</td>
</tr>
<tr>
<td valign="top" width="71">
Banks
</td>
<td valign="top" width="64">
2906
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="83">
$429,000
</td>
<td valign="top" width="83">
$387,000
</td>
<td valign="top" width="83">
10%
</td>
</tr>
</tbody></table>
A four bedroom house at <a href="https://www.realestate.com.au/property-house-act-franklin-124715310" target="_blank">23 Oodgeroo Avenue</a>, Franklin (above) has been listed for $785,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-franklin-124864510" target="_blank">79 Patrick White Circuit</a>, Franklin (below) was recently sold in March this year for $782,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/01/79%20Patrick%20White%20Circuit.jpg" alt="">
The block of land last sold in 2009 for $149,000.
</body></html>

Franklin median house price grows by 22%: Investar

<html><body>
Canberra house prices have grown significantly over the past 12 months, according to Herron Todd White’s recent report.
The property valuation firm says that this could be due to both limited supply of houses and low interest rates.
“Like most capital cities in Australia, Canberra has seen a significant growth in house sale prices over the past 12 months," the report said.
"This is partly due to low interest rates and a limited supply of houses coming onto the market.
"It is expected this trend will continue as properties in established suburbs remain tightly held and highly sought after.
"Currently houses are providing much stronger capital gains than apartments.
"This is probably due to an oversupply of apartments in the Canberra market and a number of apartment developments beginning construction.
"These low capital gains look set to continue as new apartment developments are beginning construction in the CBD, Molonglo Valley, Woden and Gungahlin."
The report noted low interest rates seem to be contributing to the strong housing market.
"An increase in interest rates may see some property owners being stretched financially which could result in them being forced to sell.
"If several of these sales are introduced onto the market it may reduce prices and could represent good buying opportunities.
"Alternatively an interest rate rise may force more buyers out of the market which could reduce demand,” the report stated.
Detached housing are also increasing in the area Herron Todd White commented.
“Detached houses in established suburbs have been performing very well throughout the ACT recently due to a perception of low supply and high demand.
"This trend may slow over the next six to twelve months due to new dwellings built on Mr Fluffy reclaimed blocks coming onto the market.
"A change in planning regulations allows multiple dwellings to be built on what were previously only single dwelling blocks.
"This would result in an increase in the number of dwellings in the sought after established suburbs of Canberra and may slow the strong capital growth seen lately,” the report advised.
Herron Todd White stated that other factors for the price growth includes stamp duty and similar changes.
“Another factor likely to change the direction of the property market would be changes to legislation.
"Recently we have seen the stamp duty costs being abolished for properties under $600,000 in Victoria for first home buyers.
"There hasn’t been any talk of similar legislation being implemented in the ACT but if it were it would incentivise first home buyers to enter the market.
"This could affect the market in different ways. It may help balance the apartment market by providing more demand for an over supplied market.
"However in the housing market it would increase demand for what seems to be an under supplied market therefore increasing prices further,” the report commented.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-kingston-125277642" target="_blank">15 Cunningham Street</a>, Kingston (above) was recently sold for $1.25 million.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-act-turner-125274570" target="_blank">401/155 Northbourne Avenue</a>, Turner (below) was recently sold for $770,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/16/401_155%20Northborune%20Avenue.jpg" alt="">
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House prices in Canberra increase given limited supply: HTW

<html><body>
Ryde had the highest weekend auction clearance rate in Sydney, according to CoreLogic’s latest report.
The property data firm says that out of the 33 auctions in Ryde 90.9 percent resulted in a successful outcome.
This is followed by the Inner West with 88 percent and North Sydney and Hornsby with 81 percent.
<a href="https://www.propertyobserver.com.au/images/2017/05/29/Screen%20Shot%202017-05-29%20at%2011.21.01%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/29/Screen%20Shot%202017-05-29%20at%2011.21.01%20am.jpg" alt="">
Blacktown had the lowest auction clearance rate with only 55.6 percent of its auctions cleared.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-ryde-125357018">9 Niara Street</a>, Ryde (above) was sold for $1.51 million.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-ryde-125357038">3/1 Beazley Street</a>, Ryde (below) was sold for $828,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/29/3_1%20Beazley%20Street.jpg" alt="">
</body></html>

Ryde scores 90 percent auction clearance rate over weekend: CoreLogic

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

Joel Robinson

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

Staff reporter

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