Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Abbotsford

<html><body>
<div>
The first weekend of September saw far fewer auction listings and even fewer willing sellers than the opening salvo of spring last year.
But an Abbotsford veggie garden, with chook pens, water tank and a shed, attracted three bidders to fetch $1.26 million.
The <a id="x_mcntLPlnk228144" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/100-little-charles-street-abbotsford-vic/property-details-sold-residential-12031724/" target="_blank" data-auth="NotApplicable">305sqm potential building site</a> (pictured above) had been in the Harold family since 1936, when the now rare patch of greenery was located next door to their former shoe factory.
The building family buyer will construct townhouses with views back towards the Melbourne CBD skyline.
It had been given $1.1 million to $1.2 million price guidance.
The weekend national tally was 1,752 capital city auction listings, a decrease on last week’s 1,915 auction offerings on the final Saturday of winter.
It was substantially lower than over the same time last year when 2,074 homes went to auction.
The lower week-on-week volumes returned a preliminary auction clearance rate of 58.2 per cent, up at this stage on the 54.6 per cent final clearance rate over the week prior.
But after late results the final clearance rate will likely revise lower, according to CoreLogic auction analyst Kevin Brogan.
This time last year the success rate was 66.4 percent. 
It has been tracking in the low to mid 50 per cent range each week since May this year, Brogan said.
"The softness continues into spring," AMP Capital senior economist Shane Oliver noted.
<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/2018/9/3/Toorak%20edzell.jpg" alt="">
Melbourne's top recorded sale was in Toorak when <a id="x_mcntLPlnk578315" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-edzell-avenue-toorak-vic/property-details-sold-residential-12033318/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Edzell Avenue</a> (pictured above) sold for $3.68 million through Marshall White.
It last sold in 1999 at $770,000.
The English style 1932 maisonette residence had pre-auction price guidance of $2.75 million to $2.85 million, with Domain reporting it was $680,000 over its reserve.
A South Yarra property sold at an undisclosed price post-auction after being passed in at $4,010,000 through Kay &amp; Burton, understood to be $4,150,000.
<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/2018/9/3/Avoca.jpg" alt="">
The <a id="x_mcntLPlnk777465" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-129007418" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">32 Avoca Street offering</a> (pictured above) attracted just the one bidder.
It had last sold at $3.02 million in 2014. The price guide was $4 million to $4.25 million.
Melbourne's top offering at <a id="x_mcntLPlnk289393" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-hill-street-toorak-vic/property-details-buy-residential-12034429/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Hill Street Toorak</a> was passed in on a $6.7 million vendor bid. The Tudor style home is now listed at $7,195,000.
Its pre-auction price guidance for the five bedroom, three bathroom house had been $6.7 million to $7.37 million.
Last traded at $3.9 million in 2007, it has been a $1900 a week rental.
There were at least 18 no bidder prestige auctions, according to the Melbourne buyers' agent Mal James.
Melbourne was host to 810 auctions returning a preliminary clearance rate of 59.1 per cent, compared to last week when 56.5 per cent of the 899 auctions cleared.
One year ago, there were 976 auctions held in Melbourne, returning a much higher clearance rate of 71.3 per cent.
There were 662 auctions held in Sydney returning a preliminary auction clearance rate of 58.6 per cent.
</div>
<div>
Last week there were 721 auctions held with 53.2 percent successful, while this time last year, 65.5 per cent of the 779 auctions held were successful.
<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/2018/9/3/Narooma.jpg" alt="">
The highest auction sale was <a id="x_mcntLPlnk555572" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-northbridge-128986198" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">24 Narooma Road, Northbridge</a> (pictured above) which sold for $4,460,000 through Richardson and Wrench.
The modern five bedroom home was constructed since the 765 sqm block sold three years ago for $2,450,000.
But there was no sale nearby when there was just one registered bidder for the five-bedroom home at <a id="x_mcntLPlnk9409" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-northbridge-128968670" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11 Dalkeith, Street Northbridge</a>, which now has a $3.8 million asking price.
<img src="https://www.urban.com.au/images/2018/9/3/Newscliff.JPG" alt="">
<a href="https://www.realestate.com.au/sold/property-house-nsw-queenscliff-128949562" target="_blank">One of Queenscliff's finest trophy homes</a> (pictured above) sold pre-auction for $12 million through Jake Rowe Partners agents Jake Rowe and Nathan Tse.
They had an $11 million to $12 million guide, with it sold within days of its first open for inspection.
Renovated since last traded for $3.8 million in 2008, the tri-level home on its 805 sqm Pavilion Street block has five bedrooms, five bathrooms and two home offices.
The lounge with gas log fireplaces, and the glass framed dining and living rooms flow to seaside terraces featuring a fire-pit and heated plunge pool.
Across the smaller auction markets, the highest preliminary clearance rate was recorded in Canberra where 63.3 per cent of auctions were successful, followed closely by Adelaide where 61.7 per cent of homes sold.
Brisbane, where the clearance rate was the nation's weakest at 45.9 percent, had the nation's cheapest sale.
<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/2018/9/3/Holland.jpg" alt="">
It was $210,000 for a two bedroom townhouse at <a id="x_mcntLPlnk300916" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-townhouse-qld-capalaba-128919906" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11/30 Holland Crescent, Capalaba</a> (pictured above).
It had sold at $166,000 in 2003.
It has been for sale three times over recent years seeking $300,000.
Its most recent asking rental was $330 a week.
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Abbotsford veggie garden plot sells on opening spring weekend

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An Abbotsford two bedroom apartment with views of the Yarra River and Studley Park was sold last month for $729,000.
It was sold by Edward Hobbs and Mark Varela from Biggin &amp; Scott - Richmond.
<a href="https://www.realestate.com.au/property/unit-115-88-trenerry-cres-abbotsford-vic-3067?pid=p4ep-pdp%7Csold-pdp:property-history-cta#history" target="_blank">The 115/88 Trenerry Crescent apartment</a> features two big bedrooms, north facing open plan living/dining, balcony off living with views and secure undercover car park.
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It also comes with the kitchen with Gaggenau appliances, separate study room and central cycle heating/cooling.
The building features 38 Secure bicycle spaces, 5 Star Energy Efficiency Rating, and landscaped courtyard with the heritage listed chimney.
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Positioned opposite Victoria Parks, the apartment is moments from transport, the CBD, Smith Street and Brunswick Street's shops, cafes and restaurants as well as the Abbotsford Convent.
It was last traded for $752,800 in 2011.
 
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Abbotsford trophy apartment sells for $729,000

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An owner-occupier beat a land banker/developer with the 300th bid at a marathon auction for 50-54 Duke Street, Abbotsford.
The property sold at $3,126,000.
It comprises a 358 square metre, single level building, currently used as an office, on a 675 square metre site.
It is zoned Industrial 1 with on-site parking for eight cars.
Teska Carson estate agent Luke Bisset said the locale had become increasingly popular with both residential and commercial tenants.
Bisset said that the property had generated 75 enquiries.
It sold $426,000 above the vendor’s reserve.
Biisset said there was a vacancy rate currently tracking at an all-time low in the suburb just four kilometres from Melbourne’s CBD.
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It takes 300? Mammoth auction leads to Abbotsford development site sale

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The former Harp of Erin Hotel now converted to two apartments has been sold by mortgagees in Abbotsford for $1.72 million.
It was sold by Andrew Simondson and Julie Susnjara from Collins Simms.
<a href="https://www.realestate.com.au/sold/property-house-vic-abbotsford-128089002" target="_blank">Located at 22 Park Street</a>, it features a duo of two bedroom apartments both with separate entrances.
There is a large backyard, generous first floor terrace and city skyline view.
It is set on a 286 square metre lot.
The agents marketed the property has having significant potential.
The substantial Victorian building retains high ceilings, period detail and modern enhancements.
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It is close to Victoria and Smith Streets' restaurants and shops, Yarra River parkland/trails, Convent Arts complex, Melbourne's sports precinct and the CBD.
The suburb's median unit price sits on $540,000, according to CoreLogic. 
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Harp of Erin Hotel, Abbotsford apartments sold for $1.72 million by mortgagee

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A former car showroom converted to an office has sold under the hammer at a record land rate for a Commercial 2-zoned property in Melbourne's inner-northern suburb of Abbotsford.
Fitzroys’ Chris Kombi and Stuart Kennett sold the <a href="https://www.realcommercial.com.au/property-retail-vic-abbotsford-502692982" target="_blank">398 Johnston Street</a> property for $3.115 million. Eight parties were bidding and pushed the price to $700,000 above the reserve.
The price reflected a sharp yield of 3.1% and a record land rate of $7,710 per square metre.
The dual-fronted site of 404 square metres includes a refurbished building of 320 square metres, leased to building maintenance cloud solutions group Uptick on a 4 x 4 year deal returning $98,880 per annum plus outgoings and GST.
Kennett said the depth of the enquiry, which saw more than 120 enquiries received, and the outstanding result reflected a very hot market in this pocket of the inner city.
“The population of Melbourne’s inner-north is still booming as medium and high-density inner-city living are embraced in growing numbers, underpinning the viability of businesses in the area as opportunities to acquire sites of this potential become increasingly rare,” he said.
“The property was very well received by the wider market of investors, developers and owner occupiers with the versatility of the property and prospect of future capital growth driving the strong demand.”
Kennett and Kombi sold the property on behalf of a private investor.
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Former Abbotsford car showroom fetches record price

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Abbotsford’s The Retreat Hotel, best known for featuring in The Sullivans television series, will go under the hammer March 2.
It is expected to fetch over $2.5 million.
The historic pub at 226 Nicholson Street is being sold as freehold vacant possession by the Fermanis family.
CBRE’s Will Connolly and Scott Callow suggest The Retreat Hotel is one of the most affordable freehold pub opportunities currently available.
Built in 1915, the federation styled two-storey pub is situated on a 308 square metre corner block.
It has heritage overlay restrictions. 
CBRE recently sold the freehold investment in The Montague Hotel on a tight sub 4.5% yield. The property was sold off market, with CBRE acting on behalf of the Fermanis family.
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Historic Abbotsford hotel, The Retreat listed

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A collaboration by Pace Development Group with one of Australia’s most acclaimed architects, SJB Architects, has delivered Pace of Abbotsford, a characteristically Abbotsford project with modern authenticity. 
Nestled in the charming locale of Johnston Street among neighbouring heritage buildings, Pace of Abbotsford is a collection of beautifully crafted residences which have been carefully designed to reflect the areas natural surrounds and industrial legacy.   
In what was once home to a series of shoe manufacturers, the residences will be anchored by the retained art deco façade of the iconic Saint Crispin House, which pays homage to Abbotsford’s distinctive manufacturing past. 
Rising above the historic red brick base, the stylised architecture is subtly referenced in the delivery of the new development. Light coloured materials are used to provide an elegant exterior backdrop for bold moveable metal screening, creating a dynamic façade that interacts with the changing position of the sun. 
In a clever marriage of form and function, Pace of Abbotsford will be made up of three individual series, including St Crispin Series, Johnston Series and Stafford Series. 
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St Crispin Series will set the tone for the dwellings – a collection of loft style apartments that sit behind the heritage façade of Saint Crispin House, boasting four metre high ceilings and seamlessly blending the charming characteristics of an earlier period with an inspired contemporary design. 
When designing Pace of Abbotsford, Associate of SJB architects, Beau Fulwood said they were motivated by the character of the neighbourhood and its identifiable landmark, Saint Crispin House.  
“Between the cafes, bars and street art in the neighbourhood, bordering the city and the Yarra River, we saw the perfect opportunity to bring the old and the new together and create something extraordinary.” 
“In a true representation of the area, St Crispin Series is made up of brick, concrete and metal detailing – all of which are distinctive material characteristics of this neighbourhood and are reflective of both the industrial nature of Abbotsford and the worker cottage typology of the area,” he said. 
Residents will have a choice between a light or dark interior colour scheme, while modern yet timeless interiors evoke a light and airy ambiance, including timber flooring, high ceilings and double-glazed windows that create a sense of openness.  
<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/2017/11/24/pace2.jpg" alt="">
Understated seamless joinery and tall windows are complemented by streamlined kitchen features, including reconstituted stone bench-tops, Miele appliances and designer tapware. 
Crowning the building is the Jack Merlo designed rooftop garden terrace, which boasts spectacular city views, a 20 metre infinity edge lap pool, gym, lounge and dining area. Residents will also relish their very own private library. 
Pace Development Group Managing Director, Shane Wilkinson stated that the delivery of the new residences brings a new perspective to the sophisticated area that is Abbotsford. 
We’ve collaborated with the very best architects to deliver a project that celebrates the established legacy of the area, creating an opportunity for a desirable lifestyle, underpinned by beautiful design,’ Mr. Wilkinson said.   
To register your interest in one of Pace of Abbotsford’s exclusive residences, <a href="http://paceofabbotsford.com.au/" target="_blank">click here.</a> 
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Pace Development Group breathe new life into Abbotsford landmark

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Channel 9 newsreader Alicia Loxley secured a $1.2 million sale of her former Abbotsford home. It was on the market at $1.1 million with competition between two first-home buyers.
It was bought with her husband Kane in 2009 for $604,500 after she returned from several years working in Perth.
The brick Victorian in <a href="https://www.realestate.com.au/property-house-vic-abbotsford-126455894" target="_blank">Vere Street</a> had price guidance between $1 million and $1.1 million.
With two sons, the couple have moved into a bigger house. It had been offered as a $600 a week rental.
 
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Channel 9's Alicia Loxley sells former Abbotsford home

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Channel Nine newsreader Alicia Loxley has listed her two bedroom house in inner Melbourne's Abbotsford for auction.
It was bought with her husband Kane in 2009 for $604,500 after she returned from several years working in Perth.
The brick Victorian in <a href="https://www.realestate.com.au/property-house-vic-abbotsford-126455894" target="_blank">Vere Street</a> is listed for sale with Andrew Crotty at Biggin &amp; Scott.
The October 14 auction price guidance is between $1 million and $1.1 million.
With two sons, the couple have moved into a bigger house. It had been offered as a $600 a week rental.
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Channel Nine newsreader Alicia Loxley lists in Abbotsford

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Downsizers beat two other bidders to win the weekend auction offering of a factory conversion at Abbotsford.
The 1/50 Valiant St property sold for $1.525 million.
Jellis Craig Northcote auctioneer Sam Rigopoulos said the price was "well above" his vendor’s bottom line of about $1.25 million.
Formerly an electrical goods factory, the grandly proportioned residence offered zoned living spaces.
It was close to the Convent Arts precinct and close to Studley Park and transport.
With an expansive upper-level living/dining room with CBD and eastern views, the home comprised four bedrooms and 2 bathrooms (one with laundry). 
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