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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

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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="">
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Ryde scores 90 percent auction clearance rate over weekend: CoreLogic

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Staff reporter

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