<p>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.</p>

<p>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;</p>

<p>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;</p>

<p>“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;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>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;</p>

<p>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;</p>

<p>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.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>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;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>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.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>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;</p>

<p>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;</p>

<p>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”.</p>

<p>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;</p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“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.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“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.”</p>

<p>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.</p>

<p>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.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>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.</p>

<p>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.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“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.</p>

<p>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.</p>

<p>&nbsp;</p>


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

<p>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.</p>

<p>The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.</p>

<p>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.</p>

<p>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.</p>

<p>“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.</p>

<p>“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.”</p>

<p><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" /></p>

<p>GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.</p>

<p>“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.”</p>

<p>Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.</p>

<p>“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.</p>

<p><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" /></p>

<p>&nbsp;</p>

<p>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.</p>

<p>Green praised local policy settings.</p>

<p>“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.”</p>

<p>One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.</p>

<p>“The way we will be able to achieve economies of scale is through size,” Green added.</p>


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

<p>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.</p>

<p>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.</p>

<p>Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be</p>

<p data-end="683" data-start="511">"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.</p>

<p data-end="882" data-start="690">"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."</p>

<p data-end="882" data-start="690">[smartcode_project:default project_id=134646 project_image_fid=6109]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6110]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6116]</p>

<p data-end="247" data-is-last-node="" data-is-only-node="" data-start="0">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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=134646]</p>


WM Residences fills gap in Mordialloc townhouse market

Auction

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<p>The display home at Frasers Property’s master-planned neighbourhood, Putney Hill sold at its recent auction.</p>
<p><span style="line-height: 1.3em;">The 76 Lardelli Drive offering was designed by Cox Richardson at one end of the picturesque Lardelli Park. </span></p>
<p><span style="line-height: 1.3em;">It was styled by Coco Republic.</span></p>
<p><span style="line-height: 1.3em;">The ready-to-move-in four-bedroom family home sold through auctioneer </span><span style="line-height: 1.3em;">Vic Lorusso </span><span style="line-height: 1.3em;">for $2.15 million to a family with three</span><span style="line-height: 1.3em;"> young boys.</span></p>
<p><span style="line-height: 1.3em;">There had been around 160 inspecting the property throughout the campaign with s</span><span style="line-height: 1.3em;">ix bidders registering for the auction.</span></p>
<p><span style="line-height: 1.3em;">It was a mix of owner-occupier buyers including empty nesters (over 50s), young professional couples (between 30-40 years of age), and young families. </span></p>
<p><span style="line-height: 1.3em;">Frasers Property sales director Paul Lowe said the auction gave everyone an equal chance of buying this newly completed house. </span><span style="line-height: 1.3em;"> </span></p>
<p><span style="line-height: 1.3em;">To date all opportunity to buy from the developer in the </span><a href="https://putneyhill.com.au/" target="_blank" style="line-height: 1.3em;">Putney Hill precinct</a><span style="line-height: 1.3em;"> have been initially offered via off the plan private treaty.</span></p>
<div><span style="line-height: 1.3em;">It had been listed with a $1.85 million plus price guidance.</span></div>
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<span style="line-height: 1.3em;">Three display homes have also become available at </span><a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Upper/Turramurra/House/78P0011-414-420-bobbin-head-road-turramurra-nsw-2074" target="_blank" style="line-height: 1.3em;">St Columbans Estate</a><span style="line-height: 1.3em;"> at North Turramurra through Belle Property.</span>
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<p><span style="line-height: 1.3em;">All homes feature an impressive formal entrance.</span></p>
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jchancellor-FAypfDUnLy

Putney Hill display home fetches $2.15 million

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<p>No bids yet for the latest online auction offering on the bidRhino.com website.</p>
<p>It is a six acre Upper Beaconsfield holding with a two bedroom cedar cottage.</p>
<p>Bidding is scheduled to run until July 2. <a href="https://www.bidrhino.com.au/vic/houses-for-sale/" target="_blank">More than $590,000 is tipped</a>.</p>
<p>There have been 350 plus inspections onsite since the offering was posted.</p>
<p>The auction began June 6.</p>
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<span style="line-height: 1.3em;">In the heart of Upper Beaconsfield, it is marketed as a</span><span style="line-height: 1.3em;">n ideal bed and breakfast business.</span>
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<div class="item "><span style="line-height: 1.3em;"><a href="/news/bidrhino-com-launches-online-auction-site-with-off-the-plan-offering">The bidRhino.com website</a> launched in April.</span></div>
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Upper Beaconsfield online auction offering on bidRhino.com 

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<div class="innerCont">Around $2.5 million has been achieved on the Glebe terrace that was passed in at weekend auction. </div>
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<p class="title"><span>It has been converted into five self-contained apartments, so the freestanding terrace was set to attract investor interest.</span></p>
<p class="title"><span>It comes with m</span><span>arble fireplaces, timber floors and high ornate ceilings.</span></p>
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<div class="thumb activeThumb">McGrath agent Michael Glynn had the listing at 38 Toxteth Road, having given pre-auction $2.5 million price guidance.</div>
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Glebe terrace investment sale post-auction

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<p>Nyora, the three bedroom Middle Park offering on Beaconsfield Parade, was passed in at weekend auction at $5,525,000, but sold since at around $5.75 million.</p>
<p><span>With outlook over Port Phillip Bay, it was marketed by Marshall White as the last substantial unmodified block remaining in a highly sought after section of the strip.</span></p>
<p><span>The 500 square metre lot b</span><span>ehind its period 1880s façade, combined Victorian charm and New York loft-style extension.</span></p>
<p><a href="https://www.realestateview.com.au/Real-Estate/288-beaconsfield-parade-middle-park/Property-Details-buy-residential-8765308" target="_blank">It is listed</a> through Adrian Wood and Michael Paproth.</p>
<p>It last sold in 2008 at $2,975,000.</p>
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Nyora, Middle Park sold after weekend auction

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<p>Online bidder 88 missed out when the Sydney Water Corporation sold its redundant Lilyfield site to bidder 66 in a bid-packed online auction. </p>
<p>The site at <a href="https://www.auctionworksonline.net.au/properties/232-lot-2-35-edna-street-lilyfield-2040-nsw-australia" target="_blank">Lot 2, 35 Edna Street, Lilyfield</a> was offered by online by the auction works website for Pilcher Residential.</p>
<p>The reserve price was met after just the second bid.</p>
<p>The bidding opened at $2.85 million. There were six bidders as the auction ended at 3pm today.</p>
<p>Property Observer understands a<span> Chinese developer paid the $4.95 with the auction underbidder a Chinese developer too.</span></p>
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<br><div class="propertyHeadline">It was offered as an "outstanding residential development site," a <span style="line-height: 1.3em;">500 metre walk to Light Rail &amp; City West Link.</span>
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<th>Amount</th>
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<tbody>
<tr class="bidItem bid_1042 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,950,000</div>
<div><small>Mon, 01/06/2015 02:52 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1041 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">88</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,850,000</div>
<div><small>Mon, 01/06/2015 02:51 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1040 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,800,000</div>
<div><small>Mon, 01/06/2015 02:50 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1027 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 4,000,000</div>
<div><small>Mon, 01/06/2015 02:31 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1026 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,950,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1025 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,900,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_1023 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,850,000</div>
<div><small>Mon, 01/06/2015 02:30 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_988 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,800,000</div>
<div><small>Mon, 01/06/2015 11:07 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_987 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">50</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,750,000</div>
<div><small>Mon, 01/06/2015 11:00 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_986 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">88</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,700,000</div>
<div><small>Mon, 01/06/2015 10:45 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_983 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,650,000</div>
<div><small>Sun, 31/05/2015 07:58 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_980 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,600,000</div>
<div><small>Sun, 31/05/2015 06:43 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_978 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,550,000</div>
<div><small>Sun, 31/05/2015 05:27 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_977 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">6</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,500,000</div>
<div><small>Sun, 31/05/2015 04:39 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_976 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,200,000</div>
<div><small>Sun, 31/05/2015 04:19 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_974 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">6</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,150,000</div>
<div><small>Sun, 31/05/2015 03:22 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_973 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,100,000</div>
<div><small>Sun, 31/05/2015 02:43 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_972 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,050,000</div>
<div><small>Sun, 31/05/2015 02:32 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_971 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 3,000,000</div>
<div><small>Sun, 31/05/2015 01:10 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_970 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">8</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveMet">$ 2,950,000</div>
<div><small>Sun, 31/05/2015 01:05 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_969 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">13</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage">Reserve Met</div>
<div class="column">
<div class="bidAmount reserveMet">$ 2,900,000</div>
<div><small>Sun, 31/05/2015 01:01 PM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem bid_965 bidder">
<td align="center"><span class="profileThumb"><img src="https://www.auctionworksonline.net.au/images/profiles/male/thumb.jpg"><span class="bidderNumber">66</span></span></td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage"> </div>
<div class="column">
<div class="bidAmount reserveNotMet">$ 2,850,000</div>
<div><small>Sun, 31/05/2015 11:04 AM<small></small></small></div>
</div>
</td>
</tr>
<tr class="bidItem">
<td align="center"> </td>
<td align="right" valign="center">
<div class="float_left auctionBidMessage">Starting Bid</div>
<div class="column">
<div class="bidAmount">$ 2,850,000</div>
</div>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<p> </p>
<p><span>It was in 2008 when Sydney Water Corporation sought a site compatibility certificate for surplus lands at 35 Edna Street, Lilyfield to take on uses permissible within the surrounding residential zone.</span></p>
<p><span style="line-height: 1.3em;">The Heritage Branch of the NSW Department of Planning granted its consent for the proposal, considered acceptable with regards to its impact on the State Heritage Listed aqueduct. </span></p>
<p><span style="line-height: 1.3em;"> </span></p>
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Lucky 88 bidder fails to secure Water Corp's $4.95 million Lilyfield site

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<p>Borabinga, a jewel of the eastern Riverina, has been sold after a May Meares online auction.</p>
<p><span style="line-height: 1.3em;">Located at Borambola, 20 kilometres east of Wagga Wagga, <a href="https://www.meares.com.au/property/borabinga/gallery/borabinga.htm" target="_blank">the 451 hectare (1132 acres) property </a></span><a href="https://www.meares.com.au/property/borabinga/gallery/borabinga.htm" target="_blank">topped</a><span style="line-height: 1.3em;"><a href="https://www.meares.com.au/property/borabinga/gallery/borabinga.htm" target="_blank"> $2.65 million</a> with online bidding, </span>after<span style="line-height: 1.3em;"> a $2.6 million vendor bid.</span></p>
<p><span style="line-height: 1.3em;">It sold after auction at an undisclosed price.</span></p>
<p><span style="line-height: 1.3em;"><img src="https://meares.com.au/brochure/borabinga/borabinga.jpg" alt="Meares &amp; Associates" width="601" height="401"></span></p>
<p><span style="line-height: 1.3em;">Being surrounded on two sides by the Murrumbidgee River, it b</span><span style="line-height: 1.3em;">oasts some 54 per cent as rich alluvial river flats.</span></p>
<p><span style="line-height: 1.3em;">Selling agent Chris Meares, of Meares and Associates, was taking sale </span>instructions from the retiring<span style="line-height: 1.3em;"> Bruce and Ruth Barber.</span></p>
<p><span style="line-height: 1.3em;">"Borabinga was undoubtedly one of the best properties in the Riverina, w</span><span style="line-height: 1.3em;">ith its seven- to eight-kilometre frontage to the Murrumbidgee," Chris Meares said.</span></p>
<p><span style="line-height: 1.3em;">"There's a strong mixture of new and intensive improved pastures, featuring sub clovers, lucerne and cereal crops," he said. </span></p>
<p>"Hay is cut annually for both farm and commercial sale requirements." </p>
<p><span style="line-height: 1.3em;">There's an all-steel undercover set of cattle yards capable of working about 300 head, a four-stand wool shed, two machinery sheds, a hay shed, an aircraft hangar and silos. </span></p>
<p> </p>
<p> </p>
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Borabinga, the Borambola Riverina jewel, sold after online auction

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<div class="innerCont">There is now a $2.5 million asking price on the Glebe terrace that went to weekend auction. </div>
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<p class="title"><span style="line-height: 1.3em;">It has been converted into five self-contained apartments, so the freestanding terrace was set to attract investor interest.</span></p>
<p class="title"><span style="line-height: 1.3em;">It comes with m</span><span style="line-height: 1.3em;">arble fireplaces, timber floors and high ornate ceilings.</span></p>
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<div class="thumb activeThumb">McGrath agent Michael Glynn has the listing at 38 Toxteth Road, having given pre-auction $2.5 million price guidance.</div>
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Five one bedders in Glebe terrace passed in

<html><body><p>Australian Property Monitors (APM) has released a list of auction results in Sydney for the weekend of May 23. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.</p></body></html>

po-LsXgBTHBmX

APM's Sydney auction results for May 23 weekend

<html><body>
<p>There was a $575,000 top bid in the online bidRhino.com auction sale of an off the plan apartment in South Melbourne.</p>
<p>Around 600 plus potential buyers had looked before the online auction began on the bidRhino.com online website.</p>
<p>There was an <a href="https://www.bidrhino.com.au/vic/for-sale/South-Melbourne/603/79-Market-Street/id-1546" target="_blank">opening bid of $540,000</a>.</p>
<p>There were six bids between two competing parties for the <span style="line-height: 1.3em;">off the plan auction offering at 603/79 Market Street, South Melbourne.</span></p>
<p><span style="line-height: 1.3em;">It is a 61 square metre apartment in the ITUM-developed project. </span></p>
<p>The initial bid was sought at $530,000 plus with price indications given as $575,000 plus.</p>
<p>The live auction portal aims to revolutionise the property market as residential properties can be listed and potential buyers or tenants can securely bid with just a digital click. </p>
<p>The opportunity exists to secure an off the plan property in <a href="https://www.bidrhino.com.au/vic/for-sale/South-Melbourne/603/79-Market-Street/id-1546" target="_blank">The Walker apartment complex</a> positioned in the heart of South Melbourne, which is due for early 2016 completion.</p>
<p>This apartment comprises two bedrooms, one bathroom, and an open terrace, in the 67 apartment building that has an architecturally adapted heritage façade.</p>
<p><img src="/images/2015/04/24/off-april-24-four.jpg" alt=""></p>
<p><span style="line-height: 1.3em;">When the auction ended and with the reserve price met, the highest bidder became the successful purchaser. </span></p>
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bidRhino.com secures $575,000 inaugural online auction success

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<p><span>GUEST OBSERVATION</span></p>
<p><span>If you want to stay ahead of the curve in the Sydney property market, you need to know how to tell fact from fiction. </span></p>
<p><span><strong>“We have another offer”</strong></span></p>
<p><span>Why is it every time you are interested in a home the agent comes up with this line? Naturally it’s always to create a sense of urgency in you. Don’t always bite at this comment.</span></p>
<p><span><strong>"The rental value should really be … [grossly over quotes the rental value]”</strong></span></p>
<p><span>Clearly the tenancy agreement in the contract states what the current rental is, making it a property investment you won’t ever receive a decent yield from …ever!</span></p>
<p><span><strong>You ask, “What is the Price?”</strong></span></p>
<p><span>They reply, “This is the first open and we have not have had any feedback from the buyers yet” If this happens, you then need to ask “Well what was the price you wrote in the seller’s agency agreement?”</span></p>
<p><span><strong>Underquoting</strong></span></p>
<p><span>Another outcome of asking “What is the Price?” is the agent can quote you a figure that is $150,000 less than what they told the owner. Come auction day you were never in the running to buy the property.</span></p>
<p><span><strong>Pre-auction offers</strong></span></p>
<p><span>You put in a pre-auction bid because you don’t like auctions, which the agent then uses as leverage with all the other buyers that attend the open inspections.</span></p>
<p><span>The agent then advises you the owners will not sell to you at your pre-auction offer, however also tells you for some miraculous reason the owners will accept your offer on auction night… Yeah right!</span></p>
<p><em><strong>Robert Skeen</strong> is the director of <a href="https://www.skeenproperty.com.au/">Skeen Property Buyers</a> – a boutique firm that specialises in searching, investigating, evaluating and negotiating property.</em></p>
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