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 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

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<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

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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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