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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An auction is scheduled for tomorrow at Berwick Waters, an estate by Australand and Mondous Property Australia.
Its newest village, The Strand, has proven extremely popular,
Due to the level of demand for water-facing blocks they are selling five blocks by Oliver Hume auction.
The auction will take place at 11am on Saturday 25th July.
There are five water-facing blocks at the Clyde North location in Melbourne's south east. Land prices on the estate start at $199,500 with house and land being marketed from $354,000.
<a href="/images/2015/07/24/The20Strand20auction20lots20fullimage.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/24/The20Strand20auction20lots20fullimage.jpg" alt="">
 
The five new lots look out over the established wetlands, and their deeper size means space for a bigger house, entertaining area or backyard.
The site features over 52 hectares of wetlands and open space, and Berwick Waters will become home to around 11,000 people in over 2,500 homes.
<a href="/images/2015/07/24/The20Strand20precinct20plan.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/24/The20Strand20precinct20plan.jpg" alt="">
For more information, click <a href="https://www.australand.com.au/Projects/Berwick-Waters/Explore-the-Development/The%20Strand%20Auction/AuctionEnquiry?ec_as=D4DAB312A61144819A867BFC23A83A73" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Five water facing blocks at The Strand, Berwick Waters for weekend auction

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Marketed as Australia's most affordable Woolworths, Burgess Rawson have the George Town, Tasmania premises listed for August 5 auction.
The 8 Bathurst Street, George Town tenants come with an established lease with 20 + 10 year lease through to 2042. 
The rent is $336,682 pa.
The 1978 square metre Woolworths at <a href="https://www.burgessrawson.com.au/3P1087#.Va8OqSqqqko" target="_blank">8 Bathurst Street, George Town</a> has been described as a "consistent and progressively performing investment" with a captive trade catchment. 
The single tenant offering has minimum management investment with income tax saving depreciation. 
George Town is described as a residential and service centre for major industry including Bell Bay Aluminium generating a 1,500 workforce. 
George Town is a large town in north-east Tasmania, on the eastern bank of the mouth of the Tamar River. The Australian Bureau of Statistics records the George Town Municipal Area had a population of 6,906 as at the 30 June 2011.
It is also a popular tourist and holiday region providing a seasonal boost. 
The auction will be held at Crown Casino Melbourne.
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Woolworths cheapest landlord offering? Burgess Rawson 

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A rare Melbourne signage property with secure rental has been listed for August 5 auction.
It is located overlooking the corner of Swanston and Flinders Street, <a href="https://www.burgessrawson.com.au/buying/VIC/Inner-City/Melbourne/Retail/3P1086#.VaWDG-2qqko" target="_blank">Melbourne's busiest intersection</a> and opposite Flinders Street Railway Station. 
It comes with new $1 million plus state-of-the-art digital signage upgrade at 7/238 Flinders Street. 
There was a recent renewal for 15 years + 9 year lease to 2039 to Digital Outdoor Media (VIC) Pty Ltd, a leading Australian marketing company. 
There will be annual CPI and 5 year market reviews with tenant paying all usual outgoings. 
It comes with view and access agreement with adjoining property. 
It's rent is $357,000 pa, with Burgess Rawson agent Graeme Watson advising its high yield anticipation circa 10%.
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Signage on Melbourne's busiest corner for Burgess Rawson auction

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The Caltex branded service station and truck stop at Bomaderry on the NSW south coast has been scheduled for August 4 Burgess Rawson auction.
Its lease runs to March 2018 plus options to 2028.
There was a recent major rebuild and environmental upgrade with new tanks and pipework.
<a href="https://www.burgessrawson.com.au/buying/NSW/Shoalhaven/Bomaderry/Retail/2P1006#.VaWOciqqqko" target="_blank">It is a large 4,047 sqm landholding </a>with wide frontage at 246 Princes Highway, Bomaderry, just north of Nowra with high profile exposure to large volumes of traffic.
The Shoalhaven region has been benefiting substantially from government funded highway upgrades, Burgess Rawson listing agent Simon Staddon said.
There are annual CPI reviews with its current net income at $106,178 pa + GST.
Regional service stations sold in NSW over the past year have included $950,000 at Dubbo with an $80,000 net income and $4.26 million at Rutherford with $293,000 net income.
Burgess Rawson agent Simon Staddon sold the Albion Park service station, closer to Sydney on the Princes Highway, for $2,001,000 in 2013 with a then $160,000 net income.
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Shoalhaven Bomaderry service station listed 

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The recent inner west auction activity is securing auction sales running at around 90%.
The NSW Central Coast is the weakest region with its auction success rate sitting at around 58%, according to the latest CoreLogic RP Data figures.
<a href="/images/2015/07/13/sydney_RP.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/13/sydney_RP.jpg" alt="">
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Inner west remains Sydney auction room engineroom: CoreLogic RP Data

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National auction markets continue to show a slight softening trend with a preliminary auction clearance rate of 76.2%, the third week in a row in which the capital city clearance rate has fallen, according to CoreLogic RP Data. 
The preliminary clearance rate across the combined capital cities compared to 76.8% last week.
At the same time last year the success rate was 67.2%.
The preliminary auction clearance rate for Melbourne was 78.2% this week, with 651 auctions held across the city. Over the previous week, 78.6% of the 640 Melbourne auctions sold, while at the same time last year, Melbourne’s clearance rate was significantly lower, at 66.4% across 567 auctions. Across the individual sub-regions of Melbourne, the strongest performer this week was the Outer East, the only region where the preliminary clearance rate surpassed the 90% mark, with 95.7% of the 46 reported results selling.
For Sydney, usually Australia’s second largest auction market, the number of homes taken to auction this week (765) was higher than in Melbourne. Sydney’s preliminary clearance rate was 81.0%, down from 82.0% the previous week, but higher than at the same time last year (75.6%). Although Sydney currently remains the strongest capital city auction market, over recent weeks the clearance rate across the city hasn’t been as strong as it was in April and May. Across Sydney’s Outer West and Blue Mountains region, there were six auction results reported this week with all properties selling. Following on from this, Sydney’s strongest performing sub-region this week was the Inner West, with a preliminary clearance rate of 90.1%.
Some 53.6% of Brisbane’s reported auctions were sold this week, compared to 63.5% last week and 43.3% at the same time last year. There were 121 auctions held across Brisbane this week, compared to 115 last week and 118 over the same week last year. Meanwhile, across the 29 reported Gold Coast results, the preliminary clearance rate was 58.6% this week.
Adelaide’s preliminary clearance rate was 66.0% this week, across a total of 50 reported results. This week’s clearance rate was lower than last week (69.3%), but higher than at the same time last year (60.9%). Across Perth, 26 homes were taken to auction this week. So far, 13 results have been reported and the preliminary clearance rate for the city is 23.1%, slightly higher than last week’s clearance rate of 22.2%, but significantly lower when compared to last year (44.4 %).
This week, 30 Canberra auctions were held with a preliminary clearance rate of 69.2%.
Across Tasmania, just four results were reported to CoreLogic RP Data, with 3 of these properties sold.
<a href="/images/2015/07/13/rp_weekly.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/13/rp_weekly.jpg" alt="" width="736" height="319">
<a href="/images/2015/07/13/rpcity.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/13/rpcity.jpg" alt="">
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Third week of easing national auction clearances: CoreLogic RP Data

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The REIV reported Melbourne's clearance rate as 77% - steady with the 77% last weekend and higher than 69% the same weekend last year.
There were 507 auctions reported to the REIV this weekend, with the number of auctions increasing over the next fortnight to 750 auctions in each of the next two weekends, Enzo Raimondo, the REIV chief advised.
The REIV was expecting about 630 auctions in 225 suburbs on the weekend. The top auction locations were Richmond (13 auctions), Reservoir (11 auctions) and St Kilda (10 auctions).
Houses were again stronger than units.
Total Auctions Houses: 315
Clearance Rate: 82%
Median Price: $700,000
Total Value: $193,501,280
Total Auctions Flats/Apartments: 176
Clearance Rate: 72%
Median Price: $580,000
Total Value: $74,453,100
Source REIV 
Weekend reported prices ranged from $235,000 at Kingsville to <a href="https://www.realestateview.com.au/Real-Estate/20-carrington-street-balwyn-north/Property-Details-sold-residential-9039984" target="_blank">$2,051,000 at Balwyn North</a>.
TOP 5 HOUSES  1. 20 Carrington Street, Balwyn North $2,051,000 2. 24 Kawarren Street, Balwyn North $1,815,000 3. 21 Fraser Street, Glen Waverley $1,680,000 4. 77 Heath Street, Port Melbourne $1,640,000 5. 15 Afton Street, Aberfeldie $1,600,000 
TOP 5 BARGAIN HOUSES 1. 12 Odessa Court, Werribee $288,000 2. 60 Meadow Glen Drive, Epping $365,000 3. 24 Peppercorn Parade, Epping $371,500 4. 54 Woods Street, Beaconsfield $375,000 5. 16 Helpmann Crescent, Epping $376,000
 TOP 5 APARTMENTS  1. 20 Anderson Street, South Melbourne $1,675,000 2. 10/6 Wellington Crescent, East Melbourne $1,380,000 3. 2 Toronto Avenue, Doncaster $1,288,000 4. 15 Parkers Road, Parkdale $1,181,000 5. 9 Norma Barnett Lane, Port Melbourne $1,180,000 
TOP 5 BARGAIN APARTMENTS 1. 4/73 Kingsville Street, Kingsville $235,000 2. 3/81 Hammond Road, Dandenong $289,000 3. 12/35 Glen Huntly Road, Elwood $290,000 4. 6/25A Arthur Street, Coburg North $302,500 5. 2/24 Highland Street, Kingsbury $307,500
 
There were close to 8,100 auction sales in the three months to June 2015 compared to 7,600 for the same period last year. 
The middle ring suburbs to the south east of Melbourne recorded the highest number of auction sales - 1,218 sales from 1,408 auctions held. 
This was followed by suburbs in Melbourne’s inner and middle north regions with 950 and 760 auction sales respectively.
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Auction success higher for houses than apartments: REIV

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The number of auctions scheduled across Australia’s capital cities is relatively low this week, again driven by the school holidays.
Across the combined capital cities, CoreLogic RP Data is currently tracking 1,705 auctions this week, slightly higher than the 1,674 last week, but far fewer than the preceding three weeks. Last week, the final auction clearance rate across the combined capitals was 76.8%, remaining steady when compared to the previous week (76.9%). So far this year, the auction clearance rate has been much higher than at the same time last year, with last week being no exception.
Currently, CoreLogic RP Data is tracking 660 Melbourne auctions, only slightly higher than last week, when there were 640 auctions across the city and higher than at the same time last year (567). Last week, 78.6% of the reported auctions across Melbourne were successful; this was the fourth consecutive week in a row where Melbourne’s clearance rate was below the 80% mark.
There are 796 Sydney auctions planned this week, up from 734 last week and much higher than the 580 at the same time last year. For the second week in a row, Sydney’s auction clearance rate was recorded at 82.0% last week.
Across Brisbane, 120 auctions are scheduled this week, after there were 115 Brisbane auctions last week and 118 at the same time last year. Last week, Brisbane’s clearance rate was 63.5%, the strongest result for the city since February, and the second highest clearance rate for 2015.
Much like Sydney and Melbourne, Adelaide’s clearance rate was steady last week, at 69.3%, down only slightly from 69.9% the previous week. There are 66 Adelaide auctions scheduled for the coming week, lower than last week and last year (both 85).
Canberra has 31 auctions set to take place this week, down from 58 last week and 41 last year.
Across Perth 22 homes will be taken to auction over the week, compared to 35 last week and 24 last year.
This week, the highest number of auctions across any one individual suburb will be in the Victorian suburb of Reservoir (15), followed closely by New South Wales’ Blacktown (14) and Queensland’s Surfers Paradise (14).
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Low auction volumes for the second week: CoreLogic RP Data's Shana Miller

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The strength of most capital city auction markets tracked marginally down over June 2015, according to the Domain Australian Home Auction Report for June 2015. 
The report, compiled by property website <a href="https://mail.privatemedia.com.au/owa/14.3.224.2/scripts/premium/redir.aspx?SURL=mZnFDtHeNC7xNr3NmEw_ju-p-6a1En_LGsXjtjltDcL_7phTxoDSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgBkAG8AbQBhAGkAbgAuAGMAbwBtAC4AYQB1AA..&amp;URL=http%3a%2f%2fwww.domain.com.au" target="_blank">Domain.com.au</a> with analysis from Domain senior economist, Dr Andrew Wilson noted it had been a mixed month for the auction market overall.
"We are definitely starting to see the first signs of the typical winter cooling period as sellers are starting to think about the Spring property season. 
"That said, markets are still well ahead year-on-year and we are starting to see the underlying strength across the board,” Wilson said.  Sydney Sydney’s June clearance rate, while still strong at 82.9%, dropped slightly from 83.3% in May. This is still well ahead of the 70% clearance rate recorded in June 2014.  Domain’s Dr Andrew Wilson said that the declining weekend auction trend in Sydney in June, can can be attributed in part to the usual mid-year seasonal effects.  “Unrealistic expectations by vendors of market prices in the extraordinary Sydney market may be a factor in declining clearance rates. Unseasonably high auction numbers are set to continue into July, providing buyers with a wider choice of property, however.” 
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<li>Average number of Saturday auctions in Sydney in June was 599, down from 706 average in May, but well ahead of 528 averaged in June last year</li>
<li>Slight weakening in the clearance rate translated into a fall of 2.9% in the median auction price for homes sold under the hammer over June</li>
<li>June median auction price of $1,105,000 was down from the all-time record of $1,137,500 recorded in May </li>
<li>June median house price, although a slight decrease from May, was still an increase of 22.8% on the $900,000 median home auction price recorded in June 2014</li>
</ul>
 Melbourne Unlike the Sydney auction market, clearance rates for the Melbourne market increased over June compared to the previous month. Melbourne reported a clearance rate of 79.2% for June, just ahead of the 78% recorded over May and up more than 10% (68.8) from June last year.  Melbourne’s June clearance rate was the highest recorded for any month since April 2010 and the highest June result since 2007. According to Domain’s Dr Andrew Wilson, similar to Sydney, Melbourne clearance rates trended downwards over June as the mid-winter moderating effect took hold.  “The data was indicative of the slow down into July, when listing numbers are expected to in line with what is typically the trough of the market for monthly auction activity each year with the exception of January”.
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<li>Melbourne averaged 685 auction listings for each Saturday over June and although well down on the 928 averaged in May, remained ahead of the 634 reported over June last year </li>
<li>The Melbourne median price of homes auctioned over June fell by 4.9% over the month from $820,000 in May to $780,000. This however remained 10.6% higher than the $705,000 median recorded in June 2014</li>
</ul>
Brisbane The Brisbane auction market also experienced a slight increase in clearance rates in June. The clearance rate of 50% was just ahead of the 48.6% recorded in May, but significantly higher than in June 2014 (36.4). 
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<li>Brisbane averaged 92 auctions per Saturday over June, down from the 118 average over May but well ahead of the 79 averaged over June last year</li>
<li>Domain reported a median Brisbane home price sold at auction of $685,000 over June, an increase of 0.5% over May’s $681,500 and 5.2% higher than the $651,000 recorded over June last year</li>
<li>The Brisbane June clearance rate was its highest recorded for June since 2003</li>
</ul>
Canberra Canberra recorded another solid auction clearance rate in June at 63.2%. Although down marginally from the 64.2% recorded in May, it was nonetheless well ahead of the 55.4% recorded last June. 
<ul dir="ltr">
<li>Canberra averaged 35 listings per Saturday in June, down from the 48 averaged over May but well ahead of the 23 averaged over June 2014</li>
<li>Domain reported the Canberra median home auction price recorded in June was $650,000, a fall of 2.6% over the May result of $667,500 but an increase of 2.4 percent over the same month last year</li>
<li>Canberra’s June clearance rate was the highest recorded by that city for that month since 2009</li>
</ul>
Adelaide Domain reported that the Adelaide auction market fell away over June to a clearance rate of 61.2%, down from the 64.6% recorded over May. While there has been a significant drop month-on-month, the results are still ahead of the 57.5% result for June 2014. 
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<li>The Domain data shows that Adelaide averaged 53 auction listings per Saturday over June, down from the 67 average over May, ahead of the 49 averaged over June a year ago</li>
<li>The median auction price for a home in Adelaide over June was $560,000, a fall of 1.1% over the May result of $566,500 but 6.2% higher than the $527,500 recorded over June last year</li>
</ul>
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June auctions reflect early winter buyer hibernation

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auctionWORKS offered 42 properties for sale with a combined total of sales almost reaching $70 million yesterday.
They noted the clearance rate of 76% was significantly above the commercial auction market averages. 
"Today is testament of the strength of our market," said Burgess Rawson director, Dean Venturato adding many were buying for the underlying value of buildings and land, not yield. 
"Government tenancies were also a big factor," he told the Australian Financial Review.
The auction secured $26 million in government-tenanted sales. 
A 4590-square-metre, commercial property with residential development potential, in Hornsby in Sydney's north, sold for $5.92 million at a yield of 1.89 per cent.
The site which has a NSW government-tenanted 636 sqm building achieved the highest price at the auction. 
Apparently a private Asian family who missed out on the Hornsby sale fought back to buy a 5952-sq-m industrial property in Silverwater in the west for $5.85 million – the second most expensive property sold.
auctionWORKS in total, over the to days in Sydney and Melbourne, sold $95,574,000 worth of property with a clearance rate of 81.8%.
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