Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Auction

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A late Victorian worker’s cottage in Melbourne's Abbotsford has been listed for October 31 auction.
More than $800,000 is expected by its Biggin &amp; Scott listing agents Andrew Crotty and Claire Parkes.
The freestanding <a href="https://www.realestate.com.au/property-house-vic-abbotsford-120912905" target="_blank">106 Park Street</a> home has been transformed with its new living areas taking advantage of the six metre width and high ceilings. 
It is lit by skylights and doors that lead to a checkerboard-paved courtyard. 
There are two bedrooms, both with built-in robes. There is a central modern bathroom.
The 138 sqm block has potential for off-street parking from the rear lane.
CoreLogic RP Data puts the<a href="/news"> suburb house median at $775,000</a>.
 
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jchancellor-FAypfDUnLy

Abbotsford freestanding cottage for October auction

<html><body>
Australian Winter Olympics aerial ski champion Alisa Camplin failed to sell her Hawthorn home at weekend auction.
The renovated weatherboard Victorian home at <a href="https://www.realestateview.com.au/Real-Estate/8-colvin-grove-hawthorn/Property-Details-buy-residential-9593102" target="_blank">8 Colvin Grove</a> was her first home.
More than $2 million was tipped for the double fronted four bedroom home which was passed in on a $2.05 million vendor bid.
It last traded at $1,325,000 in 2008.
Melbourne notched up a clearance rate of 71% on the weekend compared to 73% last weekend.
The 71% matched the same weekend last year, <a href="/news">according to the REIV</a>.
 
TOP 5 HOUSES
1. 2-4 Mangarra Road, Canterbury $5,515,000
2. 11 Gould Street, Brighton $3,900,000
3. 28 Mangarra Road, Canterbury $3,650,000
4. 2 Hyton Crescent, Kew $3,650,000
5. 84 Victoria Road, Hawthorn East $3,490,000
 
TOP 5 BARGAIN HOUSES
1. 16 Mackellar Drive, Roxburgh Park $291,000
2. 122 Moor Park Drive, Craigieburn $325,000
3. 55 Camms Road, Cranbourne $331,000
4. 9 Brampton Close, Craigieburn $355,000
5. 68 Serenity Way, South Morang $367,500
  
TOP 5 APARTMENTS
1. E153/85 Rouse Street, Port Melbourne $2,110,000
2. 12/13 Denbigh Road, Armadale $1,705,000
3. 2A Hartington Street, Elsternwick $1,660,000
4. 5/333 Beach Road, Black Rock $1,610,000
5. 1/18 St Georges Crescent, Ashburton $1,605,000
 
TOP 5 BARGAIN APARTMENTS
1. B29/1-5 Grantham Street, Brunswick West $150,000
2. 4/9 Waratah Avenue, Glen Huntly $263,000
3. 8/396 Murray Road, Preston $266,000
4. 8/2-4 Salmon Street, Mentone $275,000
5. 6/87 Alma Road, St Kilda $275,000
Source: <a href="https://www.reiv.com.au/home" target="_blank">REIV</a>
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Ski champion Alisa Camplin passes in Hawthorn cottage as Melbourne clearance rate eases

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Melbourne’s spring market bonanza on October 24-25 is on track to challenge an auction record when 1,683 homes go under the hammer.
The majority of the auctions – 1,550 - are on Saturday.
The weekend is expected to go close to, and possibly exceed, the all-time auction record for a Melbourne weekend. The record was set on the corresponding pre-Melbourne Cup weekend last year (October 25-26) when 1,682 auctions were held.
While the number might go close to the all-time weekend auction record, it may fall just shy of the Saturday record - on October 25 last year - when more than 1,600 auctions were held.
“The high auction levels reflect the strength of the local market and continuing buyer demand for homes across the city,” REIV chief executive officer Enzo Raimondo said. 
“This level of auction activity cements the city’s reputation as Australia’s auction capital.” 
Raimondo said the strong spring season began in mid-August this year, several weeks earlier than last year, and has remained high since then.
Scheduled auctions for the Melbourne Cup weekend are the highest on record, up more than 100 over the same period last year.
The following weekend of November 7- 8 is also gearing up to be a Super Saturday.
Raimondo said these solid auction numbers follow last weekend’s strong results which had 1,080 auctions with a clearance rate of 74 per cent.
Auctions are also gaining in popularity in areas traditionally the domain of private sale. In Melbourne’s outer suburbs, numbers are up 19 per cent on the same period last year, while auction sales are up 37 per cent.
“Melbourne has some of the highest auction numbers not only in Australia, but worldwide. In the current buoyant housing market, buyer demand is encouraging more vendors to sell their home under the hammer,” Raimondo said.
 Melbourne Auction Wrap – For 24/25 October 2015 
This weekend: Total number of auctions this weekend: 1,600+ auctions
This year: Total number of auctions (to 18 Oct): 31,679 @ 77% clearance rate
Previous record auction weekend: 1,682 auctions on week ending 25-26 Oct 2015
Top auction suburbs in Melbourne - this weekend:
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="middle">
Suburb
</td>
<td class="td1" valign="middle">
Number of Auctions
</td>
<td class="td1" valign="middle">
 
</td>
<td class="td1" valign="middle">
 
</td>
</tr>
<tr>
<td class="td1" valign="middle">
GLEN WAVERLEY
</td>
<td class="td1" colspan="3" valign="middle">
30
</td>
</tr>
<tr>
<td class="td1" valign="middle">
MOUNT WAVERLEY
</td>
<td class="td1" colspan="3" valign="middle">
27
</td>
</tr>
<tr>
<td class="td1" valign="middle">
GLEN IRIS
</td>
<td class="td1" colspan="3" valign="middle">
24
</td>
</tr>
<tr>
<td class="td1" valign="middle">
RESERVOIR
</td>
<td class="td1" colspan="3" valign="middle">
24
</td>
</tr>
<tr>
<td class="td1" valign="middle">
HAWTHORN
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
SOUTH YARRA
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
PRAHRAN
</td>
<td class="td1" colspan="3" valign="middle">
22
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ELWOOD
</td>
<td class="td1" colspan="3" valign="middle">
20
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ST KILDA
</td>
<td class="td1" colspan="3" valign="middle">
20
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BENTLEIGH EAST
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BALWYN NORTH
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
HAWTHORN EAST
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
CAMBERWELL
</td>
<td class="td1" colspan="3" valign="middle">
19
</td>
</tr>
<tr>
<td class="td1" valign="middle">
DONCASTER EAST
</td>
<td class="td1" colspan="3" valign="middle">
18
</td>
</tr>
<tr>
<td class="td1" valign="middle">
PRESTON
</td>
<td class="td1" colspan="3" valign="middle">
18
</td>
</tr>
<tr>
<td class="td1" valign="middle">
ST KILDA EAST
</td>
<td class="td1" colspan="3" valign="middle">
17
</td>
</tr>
<tr>
<td class="td1" valign="middle">
BRIGHTON
</td>
<td class="td1" colspan="3" valign="middle">
17
</td>
</tr>
<tr>
<td class="td1" valign="middle">
NORTHCOTE
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
KEW
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
RICHMOND
</td>
<td class="td1" colspan="3" valign="middle">
16
</td>
</tr>
<tr>
<td class="td1" valign="middle">
 
</td>
<td class="td1" colspan="3" valign="middle">
 
</td>
</tr>
</tbody></table>
 
Source: <a href="https://www.reiv.com.au/" target="_blank">REIV</a>
 
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j.ballantyne1990-6AQqhLzZaK

Photo finish in Melbourne's bonanza auction weekend: all time REIV record looms

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Despite a falling auction clearance rate, the volume of auctions being held across the combined capital cities and in particular, Melbourne, is rising.
Last week, the final auction clearance rate fell to 67.4% across 2,858 capital city auctions, while this week CoreLogic RP Data is expecting there to be just over 3,000 auctions held across the combined capital cities.
Melbourne will be the busiest city by far this week, with 1,710 auctions expected, indicating the busiest week for the city this year, but the auction market won’t be as busy as it was at the same time last year, when over the week 1,837 Melbourne homes were taken under the hammer. Last week, Melbourne was the strongest performing capital city market with both the highest volume of auctions (1,398) and the highest clearance rate (72.7%).
Notably, Melbourne’s auction performance last week was much stronger than Sydney, with the city recording its lowest clearance rate since early 2013 at 63.7%, representing a substantial fall from the previous week (69.6%). This week, Sydney is expecting 996 auctions to be held, relatively similar to last year when 961 Sydney homes were auctioned.
Auction markets will be busier in Brisbane (213), Adelaide (109) and Perth (35) this week compared to last week when 145, 93 and 16 auctions were held respectively. Canberra’s auction market activity will slow down this week, with 60 auctions expected, compared to 86 the previous week.
This week, the busiest individual suburbs for auctions are all in Victoria:
– Glen Waverley (30 auctions)
– Reservoir (23 auctions)
– Mount Waverley (22 auctions)
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smiller-vwPjRHTkST

Clearance rate falling, auction activity rising: CoreLogic RP Data's Shana Miller

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Melbourne had a preliminary auction clearance rate of 73.6% from 1,193 reported auctions, according to CoreLogic RP Data's Property Market Indicator Summary for the week ending 18 October.
Melbourne's inner region reported the highest number of auctions at 287, with a preliminary clearance rate of 73% had the highest number of auctions this week. The Outer East region had preliminary clearance rate of 82.1%.
<a href="/images/2015/10/19/Screen%20Shot%202015-10-19%20at%201.01.23%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/19/Screen%20Shot%202015-10-19%20at%201.01.23%20PM.png" alt="">
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Outer East Melbourne nets clearance rate of 82.1%: CoreLogic RP Data

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The preliminary clearance rate across the combined capital cities is below 70% for the 5th week in a row, according to CoreLogic RP Data.
According to CoreLogic RP Data's Market Summary for the week ending 18 October 2015, some 2,817 auctions  were held, down from last week's 3,016 properties.
The clearance rate was 68.6% this time last year, with smaller auction volumes.
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National auction clearance rate below 70%: CoreLogic RP Data

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It was another busy week for auctions across the combined capital cities with 2,817 auctions held after the previous week saw 3,016 properties taken to auction; the highest volumes have been since March this year. 
The preliminary clearance rate of 69.3% has remained below 70% for the 5th week in a row, down from 69.5% last week. This time last year, the clearance rate was 68.6%, although volumes were lower with only 2,449 auctions held.
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In Melbourne, Australia’s largest auction market, 73.6% of the 1,193 reported auctions sold this week. There were 1,390 auctions held across the city this week, similar to last week, when there were 1,397 auctions and the final auction clearance rate was 73.4%. In comparison, over the same week last year, there were 1,167 auctions held with a clearance rate of 71.7 per cent. The Inner region of Melbourne had the highest number of auctions this week (287), with a preliminary clearance rate of 73 per cent. Meanwhile, the strongest clearance rate was recorded across the Outer East region, where 82.1 per cent of homes taken to auction sold based on the preliminary results.
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Across Sydney, 1,074 homes were taken to auction this week with a preliminary clearance rate of 66.6 per cent across 830 reported results, the lowest clearance rate for the year and also the third week in a row where Sydney’s clearance rate has been below 70 per cent. The last time the clearance rate was this low was the first week of December 2014 (66.1). Last week, the final clearance rate for the city was 69.6 per cent, across 1,197 auctions. One year ago, 929 Sydney homes were taken to auction and the clearance rate was 72 per cent. This week, the performance across Sydney’s individual sub regions was varied. Across the Outer South West region, where 21 results have been reported so far, the preliminary clearance rate was 47.6 per cent, while across the Inner West (80 per cent) and the Eastern Suburbs (76.8 per cent), the success rate of reported auctions was much higher.
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Brisbane was host to 146 auctions this week, down from 186 last week, and the preliminary clearance rate was 53.2 per cent, down slightly from 53.8 per cent over the previous week. At the same time last year, 46 per cent of the 159 auctions held were successful. In the Gold Coast, a clearance rate of 56.5 per cent was recorded across 23 results.
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A total of 93 Adelaide homes were auctioned this week and the preliminary auction clearance rate of 72.1 per cent is higher than the 64 per cent from the previous week across 127 auctions. One year ago, Adelaide’s clearance rate was a lower 53.3 per cent across 103 auctions.
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In Perth, just 16 auctions were held this week. Of the 8 results reported toCoreLogic RP Data so far, only 2 have been successful. Last week, the final auction clearance rate for Perth was 37.9 per cent across 34 auctions.
Across Canberra a total of 82 auctions were held this week, up from 68 last week and 55 at the same time last year. Canberra’s preliminary clearance rate of 67.3 per cent is stronger than it was the previous week (62.1 per cent).
Of the 12 Tasmanian auction results reported so far this week, 7 sales have been recorded.
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Clearance rate below 70% for the fifth week running: CoreLogic RP Data's Shana Miller

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Grunberg, a historic Richmond cottage, with a Heritage Victoria plaque since 1988, was sold after its single bid weekend auction.
No price has been revealed after being passed in at $1.7 million.
<a href="https://www.realestateview.com.au/Real-Estate/36-lesney-street-richmond/Property-Details-buy-residential-9556898" target="_blank">The 36 Lesney Street</a> country-style home, with a 120 year-old magnolia tree, was built in 1853.
It was marketed as a wonderful example of gold-rush era architecture with Jellis Craig auctioneer Andrew Macmillan saying homes like this were mostly found in Ballarat and Castlemaine. 
It last traded at $350,000 in 1989.
It takes its name from Friedrich and Caroline Grunbeerg who arrived in Australia aboard the Godeffroy in February 1849.
They were from Altona in Holstein and both aged 31. They had been married on 1 June 1844, but only after receiving special approval to do so from King Christian 8th of Denmark, who then ruled Holstein.
The King’s permission was required as Friedrich, son of Christian Johann Michael Grünberg, tailor and Elisabeth Anna Agneta (née Langbehn), was a commoner, whereas Caroline was of noble birth.
Caroline Friedericke von Schimmelmann, born 15 February 1817, was the daughter of Graf Carl von Schimmelmann and Ilsabe Catherina (née Dablestein).
The couple married in Caroline’s family home, the Castle Ahrenburg.
Friedrich Grünberg was an original landholder at Westgarthtown, or Dry Creek, as it was then known. 
To legally purchase his land, Friedrich had been naturalized as a New South Wales citizen in 1851, his occupation given as carpenter.
In 1852, Friedrich bought an acre of land at Richmond for £25/12/- (Lots 3 &amp; 4, Portion 8, Parish of Jika Jika).
The access road he created was first known as Gruenberg Street, but by the mid 1860s changed to Lesney Street. 
Friedrich died at Altona in Holstein in 1887, aged 69, during a visit to the then Prussian province.
Caroline returned to Australia and lived at 32 Lesney Street until her death in 1902 aged 85. 
Caroline’s cottages at 30 and 32 Lesney Street were left to the Ahrensburg church, but only after lifetime possession by her great-nephews Christian Frederick Grünberg and George Gottsleben Grünberg, the sons of Christian Grünberg who arrived in Australia in 1863. 
George died in 1916 but Christian lived on until 1944. Caroline’s estate was finally settled in 1953 when it was granted exemption from the Enemy Property Regulations securing £1,270 from the sale of the cottages.
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Richmond 1853 Grunberg cottage sells

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Selling before auction is happening more across Sydney.
Botany headed the list during September
Sold before auction (September APM)
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 Suburb
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Sold before
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<td class="td3" valign="middle">
Botany
</td>
<td class="td4" valign="middle">
66%
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<td class="td3" valign="middle">
Bondi
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<td class="td4" valign="middle">
65%
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</tr>
<tr>
<td class="td3" valign="middle">
Killara
</td>
<td class="td4" valign="middle">
61%
</td>
</tr>
<tr>
<td class="td3" valign="middle">
St Ives Chase
</td>
<td class="td4" valign="middle">
61%
</td>
</tr>
<tr>
<td class="td3" valign="middle">
Bondi Beach
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<td class="td4" valign="middle">
60%
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<td class="td3" valign="middle">
Wollstonecraft
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<td class="td4" valign="middle">
57%
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Neutral Bay
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56%
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<td class="td3" valign="middle">
Sydney
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<td class="td4" valign="middle">
54%
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<td class="td3" valign="middle">
Mona Vale
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<td class="td4" valign="middle">
53%
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Manly
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<td class="td4" valign="middle">
53%
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With the market declining, many anxious agents are advising vendors to take the best pre-auction offer rather than risk falling flat on auction day.
The trend has turned a little away from the heat of the boom when it was long suffering would-be buyers putting in bullish offers that likely exceeded anything from rivals on auction day.
Auctioneer Rocky Bartolotto said while a few properties that featured bigger land size and development secured sensational results on the weekend, many of the day's other results had one to two registered bidders as the average bidders per property dropped to an average of just over 3 per property. 
<div>"The lower buyer numbers is attributed to higher selection of property available this Spring," he said. </div>
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Selling before auction takes off across Sydney: APM

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Across the combined capital cities, 2,904 auctions are scheduled this week after 3,016 residential homes were taken to auction the previous week.
The clearance rate last week improved slightly, up from 68.2% to 69.5%, demonstrating that clearance rates are similar to the levels seen at the same time on year ago (67.8%).
This week, it is expected that Melbourne auction volumes will rise, while Sydney will be host to less auctions than last week. In Melbourne, 1,481 residential auctions will be held, compared to 1,397 last week and a significantly lower 1,167 one year ago. Meanwhile, there are 1,063 homes being taken to auction in Sydney this week, compared to 1,197 last week and 929 one year ago.
Adelaide, Brisbane and Perth will all see a lower number of auctions this week compared to last week and similarly, lower than they were one year ago:
Adelaide:         88 this week                127 last week              103 last year Brisbane:       149 this week                186 last week              159 last year Perth:              16 this week                  34 last week               23 last year
On the other hand, Canberra is expecting 92 auctions this week which is higher than both last week (68) and last year (55).
This week, the top 10 busiest suburbs for auctions are all located in Victoria. Brighton and Reservoir are set to be the busiest, where 21 auctions will be held and Cheltenham, will host 19 auctions this week.
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