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

<html><body>
The 2016 spring auction market finished with continued strength despite the late spike in property listings. 
There were 500 more weekend auctions across Sydney and Melbourne, which accompanied by early signs of rising fixed interest rates, did little to dent buyer enthusiasm.
Sydney's preliminary auction clearance rate of 81.9 per cent was up on the prior weekend's 79.6 percent while Melbourne's 76.9 percent rate was slightly down from the prior 79.4 percent rate, according to Corelogic.
The Seddon transformation of celebrity renovation couple - Dan and Danu from The Block - <a href="https://www.realestate.com.au/property-house-vic-seddon-123982822" target="_blank">failed to sell</a> (below).
<img src="/images/2016/11/28/Screen%20Shot%202016-11-28%20at%208.46.52%20AM.png" alt="">
The Block regulars Dan Reilly and Dani Wales restored and extended the property at 3 Sydenham St over a two year period.
The three-bedroom property was passed in at $1.26 million. 
There had been a price guide of $1.1 million plus on the now three bedroom home that was previously an untouched Victorian. 
The couple paid $462,000 for the home after filming concluded for The Block All Stars season in mid-2013.  
Their renovation, including updating the Victorian facade, has come at a cost of around $400,000. 
Sydney's auction success rate stayed high on the final spring weekend. 
Sales ranged from $337,000 at Guildford for a one bedroom flat that had been marketed as set to fetch $350,000.
The dearest was a $5,505,000 <a href="https://www.realestate.com.au/property-house-nsw-cronulla-123857510" target="_blank">Cronulla beachfront sale</a> (below) where two of the three registered bidders competed through agent Mark Wigley.
<img src="/images/2016/11/28/Screen%20Shot%202016-11-28%20at%208.49.07%20AM.png" alt="" width="429" height="342">
It was the former abode of the former sports promoter and administrator Kevin Elphick who paid $4 million in 2013 for the Taloombi Street home.
Melbourne's dearest was in Elwood where a <a href="https://www.realestate.com.au/property-house-vic-elwood-124001262" target="_blank">contemporary house</a> sold for $4.75 million. 
<img src="/images/2016/11/28/Screen%20Shot%202016-11-28%20at%208.50.16%20AM.png" alt="" width="532" height="361">
The four bedroom 14 Kingsley Street home sat in Jack Merlo gardens. 
Auction volumes increased with 3,367 properties taken to auction this week - the second highest number of reported auctions this year for the combined capital cities.
It was up from 2,987 over the previous week, according to CoreLogic, who noted the volume was still significantly lower than the corresponding week last year's 3,729 offerings. 
The preliminary auction clearance rate, despite the increase in volume, remained strong at 76 per cent, up from last week’s final of 74 per cent. 
The same final weekend of spring last year saw a 60 percent success rate. 
"Every capital city except Perth and Canberra are showing auction numbers to be lower than a year ago, while every capital has recorded a higher clearance rate compared with last year," Kevin Brogan from CoreLogic said.
Across Melbourne, the preliminary clearance rate was recorded at 76.9 percent, down on last week but remaining well above the 65.9 percent last year.
Melbourne was host to 1,618 auctions, which was the second highest reported for Melbourne this year, but lower than a year ago when there were 1,876 Melbourne auctions held. 
Across Sydney, 1,236 homes were taken to auction this week with a preliminary clearance rate of 81.9 percent. One year ago, 1,306 Sydney homes were taken to auction and the clearance rate was 56 percent. 
Across Sydney's Inner West region, the preliminary clearance rate was 90 percent, while across the South West had just 59 percent successfully sold.  
Brisbane's preliminary clearance rate was 53 percent, up from 45 percent last week and also higher than one year ago, when it was 47 percent.
A total of 140 Adelaide homes were taken to auction, with a preliminary clearance rate of 66 percent.
Perth’s preliminary clearance rate of 36 percent sits around the same as one year ago.
Canberra’s clearance rate was 72 percent this week across 112 auctions which included a new suburb record for Kaleen when <a href="https://www.realestate.com.au/property-house-act-kaleen-124034794" target="_blank">45 Onkaparinga Crescent</a> (below) fetched $1,045,000, topping the previous record of $935,000 at 12 Sanford Place last December. 
<img src="/images/2016/11/28/Screen%20Shot%202016-11-28%20at%208.52.23%20AM.png" alt="">
The weekend sale was a five bedroom, two storey house on a 1637 sq m block. 
</body></html>

jchancellor-FAypfDUnLy

Dan and Dani from The Block miss the spring Super Saturday sales surge

<html><body>
The combined capital city clearance rate remains above 70 percent, despite auction volumes trending higher, according to CoreLogic’s latest weekly report.
The property advisory firm says that there were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week.
With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer.
<a href="/images/2016/11/21/Capital%20city%20auction.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/21/Capital%20city%20auction.jpg" alt="">
However, when compared to last year, auction volumes continue to track lower with vendors still seemingly reluctant to place their properties on the market despite such strong selling conditions.
There were 3,166 auctions reported over the corresponding week last year, with a clearance rate of 59.5 percent, which is a substantially lower rate of clearance when compared to the higher rate that has remained consistent since July.
<a href="/images/2016/11/21/Weekly%20clearance%20rate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/21/Weekly%20clearance%20rate.jpg" alt="">
This week’s preliminary clearance rate remains over 70.0 percent (75.6 percent), decreasing slightly over last week’s final clearance rate of 75.8 percent.
<a href="/images/2016/11/21/Weekly%20clearance%20rate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/21/Weekly%20clearance%20rate%202.jpg" alt="">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Combined capital city clearance rate remains above 70 percent: CoreLogic

<html><body>
Brisbane had the nation's cheapest sale over the week at Beenleigh when a three bedroom, two bathroom townhouse fetched $230,000 at Harcourts auction. 
It was a <a href="https://www.realestate.com.au/property-townhouse-qld-beenleigh-123832474">mortgagee sale</a> of the 116 sq m offering.
It last sold at $112,000 in 2002.
The 1998 townhouse is located within a security complex on Harburg Drive.
It was last advertised for rent in 2012 at $320 a week.
</body></html>

jonathanchancellor-7SQnKwU6yx

Beenleigh mortgagee sale was nation's cheapest result

<html><body>
The Northern Beaches sub-region of Sydney has shown the strongest performance with 92 percent of the 111 reported as sold over the past week.
It included the Thursday twlight auction when the North Curl Curl home of model Jennifer Hawkins and builder, husband Jake Wall sold.
They secured a $5,235,000 sale of the Koichi Takada-designed five bedroom, three bathroom home that had been listed with $4.8 million expectations.
<a href="/images/2016/11/07/Screen%20Shot%202016-11-07%20at%2012.34.11%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/07/Screen%20Shot%202016-11-07%20at%2012.34.11%20PM.png" alt="">
</body></html>

Preliminary clearance rate for Sydney's Northern Beaches at 92 percent: CoreLogic

<html><body>
The most expensive house to sell at weekend auction in Melbourne was a derelict four bedroom heritage home in Hawthorn for $2.815 million.
It was roofless! Decaying over the past decade, then nearly <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-123697414" target="_blank">destroyed by fire two years ago</a>.
Most Melbourne agents - and their vendors and buyers - took the weekend off for the spring racing carnival.
But Marshall White agent Duane Wolowiec saw the opportunity to run a lengthier five week marketing campaign for his tricky listing that gave prospective buyers extra time to become convinced it was a punt they'd be prepared to take on.
The top sale at Hawthorn was a 1000 sq m offering on the Lisson Grove estate which since the 1870s had been regarded as one Hawthorn's most fashionable avenues given the lovely Victorian homes set in large gardens.
Number 65 was one of four single storey villas built between 1884 and 1886 by the Troon family featuring a symmetrical façade with double bay windows.
"We have five young families bidding" Duane Wolowiec said. 
"There are strict heritage restoration conditions including the need to install slate roofing," he said.
Most buyers thought the restoration would cost at least $1.5 million, he added. Hawthorn's median house price currently sits at a record $1.85 million, according to CoreLogic.
</body></html>

Roofless house fetches $2.8 million

<html><body>
Sydney's southern city of Wollongong has a preliminary clearance rate of 82.6 percent for the week ending 25 September, according to CoreLogic.
The Gold Coast has a clearance rate of 58.6 percent and the Sunshine Coast 55 percent.
<a href="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%201.35.50%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%201.35.50%20PM.png" alt="">
</body></html>

Wollongong takes preliminary clearance rate of 82.6 percent: CoreLogic

<html><body>
The Hunter region in New South Wales holds a preliminary auction clearance rate of 59.1 percent for the week ending 4 September, according to CoreLogic.
The Gold Coast is at 40 percent and the Sunshine Coast at 27.3 percent.
<a href="/images/2016/09/05/Screen%20Shot%202016-09-05%20at%2012.40.49%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/05/Screen%20Shot%202016-09-05%20at%2012.40.49%20PM.png" alt="">
</body></html>

Hunter Valley NSW reaps clearance rate of 59.1 percent: CoreLogic

<html><body><div>
A corner freehold investment ion Melbourne's Chapel Street in Windsor has come on the market with a price expectation around $11 million.
The property, 125–131 Chapel St, Windsor, named “Conway’s Corner” currently has eight secure tenancies and is not he market through hockingstuart Commercial’s Charles Carty in conjunction with Colliers International and ASM Commercial.
The property goes to auction midday, 14 October.
</div></body></html>

Chapel St, Windsor corner freehold up for auction

<html><body>
Melbourne’s preliminary clearance rate for the week ending August 28 came in at 79.0 percent.
 Inner Melbourne was the busiest auction region with 214 homes going under the hammer and a preliminary clearance rate of 79.2 percent.
<a href="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2012.47.45%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2012.47.45%20PM.png" alt="">
</body></html>

Inner Melbourne leads state clearance rates: CoreLogic

<html><body>
Sydney’s weekend auction success rate surged back into the 80s, just as the Reserve Bank board meets this week to consider a rate cut that could further ignite the market.
Slim stock levels have seen the Sydney clearance rate hit clearance rate highs not seen since the boom early last year.
There were around 494 weekend auctions held in Sydney, up slightly from 473 last week, but significantly lower compared to the 825 of one year ago.
The preliminary CoreLogic result of 80 percent represented the strongest clearance rate for the city so far this year, and a steep increase from 71 percent last week and also higher than last year’s clearance rate of 76 percent when the mid-year market was coming off the boil. 
The overall strength in the Sydney market has seen week-on-week results over 70 percent since the last week in April.
The strength in Sydney’s result was driven on the weekend by North Sydney and Hornsby (95 percent), Ryde (94 percent) and the Northern Beaches (92 percent).
The Sydney result helped to push the combined national capitals results above 70 percent again, up from last week’s 68 percent to 74 percent.
There was an increased level of activity across the capital city auction market with 1,585 auctions held compared to 1,329 auctions last week.
But activity continues to track lower than the corresponding week last year when 1,903 auctions were held, CoreLogic advised. 
While winter is typically a quieter season for auctions prior to the ramp up in Spring, Kevin Brogan at CoreLogic calculated over the past nine weeks, the volume of auctions held across the combined capitals has been around 20 percent lower than last year, largely driven by less properties being taken to auction across the Sydney market, despite the ongoing strength in the clearance rate.
Melbourne’s clearance rate also jumped to 75 percent this weekend up from 71 percent. There were 749 auctions held in Melbourne, up from 572 last week, and representing a similar level when compared to the 787 one year ago. The best performing Melbourne sub-regions this week were Outer East (83 percent) and Inner South (80 percent). 
The top and cheapest sales around the nation were in Melbourne.
It was a Malvern period house with modern extension which sold through Marshall White at $4.98 million.
There were five $4 million-plus bidders for the five bedroom Edwardian house at <a href="https://www.realestate.com.au/property-house-vic-malvern-123060590" target="_blank">17 McKinley Avenue</a> (above) which was announced on the market at $4.4 million. The home's extension was designed by architect Geoff Challis with its landscaping by Rick Eckersley. 
Andrew Hayne of Marshall White, said a couple moving back to Australia from the US were the buyers.
The weekend's cheapest auction result was a two bedroom unit at Melbourne's Albion, near Sunshine (below).
<div class="tg-tlc-storybody_intro">
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.10.41%20AM.png" alt="">
The <a href="https://www.domain.com.au/5-25-ridley-street-sunshine-vic-3020-2012877862" target="_blank">5/25 Ridley Street unit</a> fetched $190,000 when sold by Burnham Deer Park. It last sold at $10,500 in 1975. 
Sydney's top priced sale was $3.21 million at Blakehurst when the five bedroom at <a href="https://www.realestate.com.au/property-house-nsw-blakehurst-123064650" target="_blank">38 Walton Street</a> (below) was offered with redevelopment potential.
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.12.08%20AM.png" alt="">
</div>
 
A six bedroom house at Ascot in Brisbane fetched $3 million when <a href="https://www.realestate.com.au/property-house-qld-ascot-123002122" target="_blank">47 Palm Avenue</a> (below) sold. 
 
It was a 1993 Queenslander designed by architect Kevin Hayes.
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.13.08%20AM.png" alt="">
Brisbane held 152 auctions compared to 144 auctions last year and 139 last week. Preliminary results show 55 percent of auctions were sold, up from 51 percent last week and lower compared to last year, when 58 per cent of Brisbane auctions were successful.
There were 74 Gold Coast auctions this week with a preliminary clearance rate of 43.9 percent.
Adelaide was host to 106 auctions this week, with a preliminary clearance rate of 71 percent, representing a sharp rise in both the number of auctions held (68) and the clearance rate (56 percent) when compared to last week.
"Despite an overall fall in auction volumes across the capitals for winter so far this year, Adelaide’s auction activity has been reflective of the same conditions seen one year ago," Kevin Brogan said.
There were 33 Perth auctions held this week, 22 last week and 23 at the same time last year. This week’s preliminary clearance rate was 43 percent, up from 33 percent last week and higher than one year ago (40 percent).
The preliminary results show 75 percent of the auctions reported for Canberra this week sold, compared to 69 percent last week and 72 percent last year. There were 44 auctions held across the city this week, down from 52 last week and similar to the 41 held at the same time last year. 
 
</body></html>

Auction

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auction

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News