The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Auction

<html><body>
A private investor has paid $1.83 million at auction for a childcare centre in the Melbourne suburb of Thornbury.
The site, 200 Smith Street, was sold fully-leased on a ten year term at a current annual rental of $71,461.
Savills’ Julian Heatheric said the 1190 square metre landholding with CBD views has a prized inner-northern suburban location and also offered significant future development potential.
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mick.cee-iDmgDDAmu8

Thornbury childcare centre sells for $1.83 million

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The upcoming spring auction of the romantic Woollahra trophy residence, Listowel has been pushed back a week, and not for want of buyer interest.
Ben Collier at McGrath Estate Agents rescheduled so his expatriate prospects have time to fly in and attend the auction of the $16 million listing of the home that dates back to the 1930s.
With the Australian currency at six-year lows, expatriates are expected to have a keener eye for house purchasing back here in Sydney during spring.
But most expectant agents aren't yet sensing any surge quiet yet in expat buying interest.
The Australian dollar briefly dipped below US70¢ for the first time since April 2009, down from US81c in January this year, it was at US$1.10 in mid-2011.
Expat interest is beginning to emerge in select pockets highlighted last month when three of the five registered bidders for a Manly auction offering were expats.
It sold for $4,550,000 under the hammer with the buyer from Singapore beating buyers from the UK and the USA for 8 Bower Street overlooking Cabbage Tree Bay.
"Plenty of international enquiry is being received," Belle agent Anthony Calacoci said.
"The UK expat flew in for a few days to personally view it," he said.
 But many agents aren't seeing any increase in expat numbers.
"I would like to say that the expats are back in strength given Australia’s currency is now at a six year low however that’s simply not the case," Mosman Richardson &amp; Wrench agent Robert Simeon said.
"There is a global problem with households struggling with declining real wages.
"Some of the reason relates to job security with individual households are refusing to take on more debt," he suggested to explain their absence.
"With the Australian dollar weaker, property is around 25% cheaper than the A$0.94c it was just 24 months ago for those who are paid in foreign currencies," Robert Simeon noted.
Scott Chadwick at Chadwick Real Estate Turramura said the lower exchange rate was more fueling offshore purchases from Chinese interest than Australian expats.
"However that market typically gets a little more active towards the end of the year," he said.
Haberfield hasn't seen much expat interest since a $2.85 million sale last year to a buyer who flew in from Singapore, looked at three properties, placed an offer and had his solictor attend to due diligence once he left and exchanged contracts the next week.
"The Aussie dollar was stronger then, so I would be hopeful more of this occurs with the dollar trimming back," McGrath Haberfield agent Michael Tringali said.
Some Australian expats rely heavily on their Australian-based relatives to inspect, at least initially, possible purchases.
And many expats hire buyers’ agents to search and negotiate for properties that match their criteria.
Often bought to rent for a time, expats typically have in mind their eventual return to what will be their family home when their overseas assignments end.
Leading buyers’ agents say there are good buying opportunities for cashed-up expats particularly at the upper end, but suspect many might hold off buying until the dollar is in the 60s. Given Joe Hockey has announced a crackdown on illegal foreign property acquisitions the expats might not now face the same level of competition coming from overseas.
"It’s hard to imagine a better time for expats to buy back home with their buying power appearing to simply be unmatchable by any other buyer segment," Ray White agent Chris Watkins suggests. 
But buyers’ agent note some vendors regard expatriate buyers as "wood ducks", or easy targets especially if the expat buyers unwittingly send a message to vendors that they have plenty of money, are poorly informed about the local property market and have little time to inspect properties.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Expats expected in late spring 2015 arrival

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Across Australia’s combined capital cities, the final auction clearance rate was 73.2% last week, remaining virtually unchanged from the 73.4% over the previous week. 
The first week of spring resulted in 2,297 auctions being held across the combined capital cities, which was 21% higher than one year ago. This week, auction volumes are expected to increase further, with CoreLogic RP Data currently tracking 2,659 auctions, which is, again, significantly higher than one year ago (2,080).
Melbourne and Sydney will collectively host more than 2,200 auctions this week, with 1,180 Melbourne properties scheduled to go under the hammer and 1,084 in Sydney. Melbourne’s clearance rate fell to 75.1% last week, while across Sydney 76.9% of reported auctions were successful, while indicates an improvement on a week on week basis, but is lower than one year ago (80.1%).
All cities are expecting more auctions this week when compared to last week, while across Tasmania auctions volumes will remain steady, with 7 scheduled. The most substantial rise in scheduled auctions will be across Brisbane, up from 130 last week to 185 this week and Canberra 77 this week compared to 52 last week.
Adelaide has 91 auctions scheduled this week, while Perth has 36, both of which are similar to the same time last year.
The top three suburbs for the highest volume of auctions this week are all located in Victoria; Bentleigh East (20), Reservoir (19) and Richmond (18).
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smiller-vwPjRHTkST

Capital city clearance rates hold steady: CoreLogic RP Data's Shana Miller

<html><body>
<div>An extraordinary speech in Sydney from the Reserve Bank's Luci Ellis which could almost be an advertorial for what experienced property investors already know - when it comes to property investment, location really is everything.</div>
<div> </div>
<div>The supply of prime location land, explains Ellis, is essentially fixed, yet with a growing population in Australia the demand for it grows by the year.</div>
<div> </div>
<div>The inevitable result therefore has been that inner ring land values and therefore house prices continue to rise faster than those in the outer suburbs, and not only by a small margin. </div>
<div> </div>
<div>Ellis explains that even releasing more land around the capital city fringes may not be effective at bringing down inner ring house prices since the prime location land which everyone seems to want to get their hands on remains fixed in both place and supply.</div>
<div> </div>
<div>Research by the Reserve Bank shows that place is nearly always more important than spacewhen it comes to driving property prices, and buyers will always pay a premium for inner suburban housing.</div>
<div> </div>
<div>Moreover, significant increases in demand cannot be absorbed by new supply of prime location land, quite simply because there is none.</div>
<div> </div>
<div>In the words of Ellis: "The newly buily supply is simply not the same as the existing stock, because it is somewhere else".</div>
<div> </div>
<div>Indeed. I wrote about this very same issue - "substitutability" - some time ago. </div>
<div> </div>
<div>There is nothing particularly new about this idea, of course, but the Reserve Bank provides the research to prove the point by comparing the growth in "prices of inner ring properties to those further out, particularly in Sydney".</div>
<div> </div>
<div>The gap in the relative price action performance is both material and ongoing, with the data from 2006 to 2014 proving the point and ending any arguments.</div>
<div> </div>
<div><a href="/images/2015/09/09/RBA4.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/09/09/RBA4.jpg" alt=""></div>
<div>
<div>Within the above framework if outperformance is what you are seeking it obviously helps to find suburbs which are set to improve in some way (for example, a gentrifying location, or set to benefit from a new light rail link). Over recent cycles, house prices have also outperformed apartment prices in most capital cities, although with initial rental yields often 1 per cent or more lower on average for inner suburban houses generally the growth needs to be stronger to compensate for the weak initial cash flow. The old adage is true. When it comes to property, it really is first and foremost about "location, location, location".</div>
 
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
</div>
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pwargent-M4siyDbqQY

RBA: Location, location, location! Pete Wargent

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Sydney's eastern suburbs region had a preliminary auction clearance rate of 84.0% from 116 total auctions for the week ending 6 September, according to CoreLogic RP Data's property market indicator summary.
The inner south west held 124 total auctions with a preliminary clearance rate of 79.6%. North Sydney and Hornsby held a total of 154 auctions with a preliminary clearance rate of 83.6%.
<a href="/images/2015/09/07/Screen%20Shot%202015-09-07%20at%2012.26.33%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/07/Screen%20Shot%202015-09-07%20at%2012.26.33%20PM.png" alt="">
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Sydney's eastern suburbs holds 84% preliminary clearance rate: CoreLogic RP Data

<html><body>
The celebrity photographer Nicholas Wilson and his wife Sally have sold their Zetland terrace.
The four-bedroom terrace was tipped to fetch more than $1.65 million through McGrath's Ben Forsyth at its weekend auction.
The $2 million pre-auction sale of 92 Portman Street was a residential sale record for the suburb when a local family purchased the home to take advantage of the Green Square amenities.
The Wilson family wanted more space for their three sons at Kensington. The couple bought <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-zetland-nsw-2017/266497" target="_blank">the Victorian-era home</a> on Portman Street in 2006 for $729,000.
Nick Wilson’s images have appeared in magazines, newspapers and advertising campaigns across the globe.
Born in Adelaide, South Australia, Nick developed his eye as a photographer while at school. A neighbour was an international photojournalist and brought rolls of film home to process, often with Nick at his side.
At 17 Nick won a cadetship at the Adelaide Advertiser, becoming principal sports photographer. He made the move to Sydney in 1994.
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Photographer Nicholas Wilson sets Zetland record

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A record 1,120 auctions are slated for Melbourne this weekend, breaking the previous record of 1,030 auctions set in the second week in August.
Some 810 auctions were held on the same weekend last year. 
Real Estate Institute of Victoria CEO Enzo Raimondo said clearance rates in suburbs such as Bayswater, Dingley Village and Wantirna, have been recorded well above 90%. 
“But strong clearance rates and high auction numbers in Melbourne’s middle and outer suburbs show that buyers are increasingly seeking value, and space, in the more affordable areas," he said.
“The heightened demand for homes in these locations is driving a push towards more auctions, with vendors benefiting from strong competition on auction day.”
 
Melbourne’s top auction suburbs in the year-to-date:
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
 
</td>
<td valign="middle">
 
</td>
<td colspan="2" valign="middle">
 
</td>
</tr>
<tr>
<td valign="middle">
Suburb
</td>
<td valign="middle">
Total Auctions
</td>
<td valign="middle">
Sold at Auction
</td>
<td valign="middle">
Clearance Rates
</td>
</tr>
<tr>
<td valign="middle">
RESERVOIR
</td>
<td valign="middle">
     387
</td>
<td valign="middle">
     277
</td>
<td valign="middle">
     72%
</td>
</tr>
<tr>
<td valign="middle">
GLEN WAVERLEY
</td>
<td valign="middle">
     306
</td>
<td valign="middle">
     244
</td>
<td valign="middle">
     80%
</td>
</tr>
<tr>
<td valign="middle">
RICHMOND
</td>
<td valign="middle">
     298
</td>
<td valign="middle">
     241
</td>
<td valign="middle">
     81%
</td>
</tr>
<tr>
<td valign="middle">
ST KILDA
</td>
<td valign="middle">
     285
</td>
<td valign="middle">
     211
</td>
<td valign="middle">
     74%
</td>
</tr>
<tr>
<td valign="middle">
MOUNT WAVERLEY
</td>
<td valign="middle">
     279
</td>
<td valign="middle">
     240
</td>
<td valign="middle">
     86%
</td>
</tr>
</tbody></table>
 
Suburbs with the highest clearance rates in the year-to-date:
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
Suburb
</td>
<td valign="middle">
Total Auctions 
</td>
<td valign="middle">
 Sold at Auction 
</td>
<td valign="middle">
 Clearance Rates
</td>
</tr>
<tr>
<td valign="middle">
BAYSWATER
</td>
<td valign="middle">
      51
</td>
<td valign="middle">
     49
</td>
<td valign="middle">
     96%
</td>
</tr>
<tr>
<td valign="middle">
DINGLEY VILLAGE
</td>
<td valign="middle">
      64
</td>
<td valign="middle">
     61
</td>
<td valign="middle">
     95%
</td>
</tr>
<tr>
<td valign="middle">
WANTIRNA
</td>
<td valign="middle">
     100
</td>
<td valign="middle">
     95
</td>
<td valign="middle">
     95%
</td>
</tr>
<tr>
<td valign="middle">
HEATHMONT
</td>
<td valign="middle">
      59
</td>
<td valign="middle">
     56
</td>
<td valign="middle">
     95%
</td>
</tr>
<tr>
<td valign="middle">
VERMONT SOUTH
</td>
<td valign="middle">
      84
</td>
<td valign="middle">
     79
</td>
<td valign="middle">
     94%
</td>
</tr>
</tbody></table>
</body></html>

Melbourne sets new auction record for August 

<html><body>
Developer Theo Onisforou is telling mates he's set to out do the Melbourne high flier Paul Little when it comes to his proposed turnaround of the former Dairy Bell ice-cream factory in Camperdown.
Onisforou secured the two-storey industrial art deco building at <a href="https://www.realcommercial.com.au/property-land+development-nsw-camperdown-501628301" target="_blank">44-50 Australia Street</a> at recent Savills auction, and now has quickly had BresicWhitney's Shannon Whitney move towards relisting them as four separate residential warehouse lots.
The four warehouse residential conversion opportunities will be auctioned on the same day, one after the other. 
Dairy Bell founder Andre Razums sold the factory to the Essendon Football Club chairman last October for $4.3 million. 
This article was first published in the Daily Telegraph.
</body></html>

Rich Lister Paul Little sells Dairy Bell Camperdown warehouses

<html><body>
More than one third of all properties listed throughout the last financial wear taken to auction across Melbourne, Sydney and Canberra, with 26.5% of all properties advertised for sale nationwide going to auction according to CoreLogic RP Data's recent Property Pulse.
Five suburbs in Sydney had more than 95% of houses listed for auction, with Queens Park having 59 out of 60 listings auctioned.
In Melbourne, East Kew recorded 33 out of 34 unit listings as sold through auction.
CoreLogic RP Data head of research Tim Lawless said of the 380,000 dwellings advertised for sale across Australia’s capital cities over the 2014/15 financial year, roughly 84,000 (26%) were advertised as auction sales. 
"Auction listings have been rising since the 2008/09 financial year when back then, auctions comprised of a much lower 16% of all dwellings listed for sale," he said.
"Considering how hot the housing market conditions currently are in Melbourne and Sydney, the rise in the proportion of residential properties taken to auction should come as no surprise. I expect we’ll see auctions continue as a popular method for selling residential property.
“When market demand is high and buyers are highly competitive, the auction process is likely to provide the best possible price on a property transaction. However, the opposite occurs when housing market conditions are weak. Auctions aren’t then as popular due to fact that there is less urgency amongst buyers and the lack of an intensely competitive bidding environment isn’t likely to be as conducive to finding the best possible price on a home. "
 
<a href="/images/2015/08/20/Screen%20Shot%202015-08-20%20at%2011.14.58%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/20/Screen%20Shot%202015-08-20%20at%2011.14.58%20AM.png" alt="">
<a href="/images/2015/08/20/Screen%20Shot%202015-08-20%20at%2011.15.14%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/20/Screen%20Shot%202015-08-20%20at%2011.15.14%20AM.png" alt="">
</body></html>

One third of properties auctioned in Sydney, Melbourne, Canberra: CoreLogic RP Data

<html><body>
The Outer South West region of Sydney had a preliminary clearance rate of 100% from 22 total auctions, according to CoreLogic RP Data's Property Market Indicator Summary.
In the Eastern Suburbs, 105 properties went to auction -  a clearance rate of 80.5%.
 
<a href="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.16.28%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.16.28%20AM.png" alt="">
<a href="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.17.50%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.17.50%20AM.png" alt="">
</body></html>

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