Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Glen Iris

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<div class="x_column">
In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 61.2 per cent was recorded across 1,090 auctions this week, down from 63.7 per cent across 1,144 auctions last week.
One year ago, the clearance rate was a stronger 75 per cent across 1,098 auctions.
A private weekend auction saw a $9 million Glen Iris sale, a record price for the suburb which has stood at $6.55 million since 2011.
It had been listed with $7 million to $7.7 million price guidance through RT Edgar Mark Wridgway who did the Saturday auction ahead of Monday's scheduled expression of interest closing deadline.
Word of the price leaked out given the attendance of buyers' agents representing some of the six active bidders.
<a id="LPlnk182762" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-glen+iris-128112762" target="_blank" rel="noopener noreferrer">The 4 Fairview Grove, Glen Iris offering</a> (top) was a Christopher Doyle-built period home, renovated around a decade ago, on its 2000 sqm block with tennis court.
The property last sold 20 years ago at $1,178,000.
“The pre-auction shenanigans and the auction itself was a masterclass in manipulation, momentum and marvel,” one buyers' agent said.
There was also a public Glen Iris weekend auction of the trophy home at <a id="LPlnk80854" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/36-howard-street-glen-iris-vic/property-details-buy-residential-11805148/" target="_blank" rel="noopener noreferrer">36 Howard Street</a>, which was passed in of a $3.3 million vendor bid.
The two storey sandstone residence now comes with a $3.65 million asking price.
Melbourne's highest officially notified result was $4.58 million for <a id="LPlnk937753" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-middle+park-127945682" target="_blank" rel="noopener noreferrer">390 Richardson Street, Middle Park</a> (below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/middle.jpg" alt="">
The double fronted unrenovated four bedroom house had been listed with $4 million to $4.4 million price guidance. 
There was a $4.22 million sale in Brighton when 6 Bagley Street was sold.
There were 767 auctions held in Sydney returning a preliminary auction clearance rate of 62.5 per cent, compared to 63.1 per cent across 797 last week, and 74.5 per cent across 960 auctions one year ago.
Sydney's top sale was <a id="LPlnk375535" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-randwick-128134494" target="_blank" rel="noopener noreferrer">30-32 Glebe St, Randwick</a> which fetched $4.5 million pre-auction through BresicWhitney.
At Turramurra there was a pre-auction sale at $4.35 million (below).
<a id="LPlnk39726" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-turramurra-128161110" target="_blank">The custom-designed five bedroom Meadowbank residence</a> was set on a 1138 sqm Boomerang Street block framed by established gardens.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/turra.jpg" alt="">
The Di Jones agent Tim Fraser was initially suggesting it could fetch $3.9 million with the higher price secured after some eight contracts were issued to the 130 plus inspections attendees.
Sydney sales also included $875,000 when a young builder bought a dilapidated Marrickville terrace.
The <a id="LPlnk35800" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-marrickville-128113218" target="_blank" rel="noopener noreferrer">14 Middle St, Marrickville offering</a> (below) was under instructions from NSW Trustee and Guardian.
Agents suggested it was probably the cheapest house sold in the inner west for five years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/marrick.jpg" alt="">
David Diamantopolous of Devine Real Estate told The Sunday Telegraph it was so cheap as he was prevented from offering buyers a price guide due to the government rules surrounding NSW Trustee and Guardian sales.
CoreLogic calculated there were 2,245 homes taken to auction across the capital cities, returning a waning preliminary auction clearance rate of 61 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/14/cap-May14.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/cap-May14.jpg" alt="">
In the prior weekend's results there had been 2,311 auctions with a final clearance rate of 62.1 per cent. 
Over the same week last year, auction volumes were higher with 2,409 homes going under the hammer with the clearance rate at a stronger 72.8 per cent.
CoreLogic's Kevin Brogan noted units outperformed houses with 63.6 per cent of units selling at auction, while 59.8 per cent of houses found buyers.
"Once clearance rates are finalised early next week, its highly likely they will be revised lower, with both Sydney and Melbourne clearance rates potentially falling below the 60% mark," CoreLogic auction analyst Kevin Brogan noted.
</div>
<div class="x_column">
CoreLogic had collated 586 Sydney results with its preliminary 62.5 percent success rate from the past six days.
While Domain's Australian Property Monitors put the weekend clearance rate at 56.4 per cent clearance rate, taken from 333 reported Saturday results. Sydney real estate agents withdrew 89 properties from auction on Saturday and are still to report results for 155 scheduled auctions.
Canberra was again the best performing capital with a 77.1 per cent success rate across its 80 auctions.
Brisbane saw a 50 percent success rate with the top offering, Bengtson, a modernised East Brisbane Queenslander.
But the <a id="LPlnk139657" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-east+brisbane-128147518" target="_blank" rel="noopener noreferrer">4 Didsbury Street</a> home, built in 1896, was passed in on a $1.65 million vendor bid by Shane Hicks from Place Bulimba. 
The top Brisbane sale was a ninth floor apartment <a id="LPlnk592883" class="x_OWAAutoLink" href="https://www.domain.com.au/93-23-griffith-street-new-farm-qld-4005-2014303677" target="_blank" rel="noopener noreferrer">93/23 Griffith Street, New Farm</a> (below) offered for the first time since new in 1973.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/new-farm.jpg" alt="">
The spacious 200 sqm apartment in Gemini Towers fetched $1.41 million with riverfront views.
<div class="x_wp-caption">An $182,000 sale in Brisbane's Ipswich region was the nation's cheapest result.</div>
<div class="x_wp-caption"> </div>
<div class="x_wp-caption">The <a id="LPlnk459871" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-brassall-128100166" target="_blank" rel="noopener noreferrer">5 Melbourne Street, Brassall offering</a> was three bedrooms on stilts on an 810 sqm block.</div>
"It's big, ugly and neglected but very recoverable and could be a real steal," was the marketing pitch.
The Raine &amp; Horne agent had notified interested parties that council planning indicates that some flood water did come onto a portion of the block in 2011 - about ankle deep at the lowest point of the block. 
Council records indicated that the flood water was 5.2 meters below the eaves of the home which had sold at $199,000 in 2013.
The official land value was recently put at $125,000.
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jchancellor-FAypfDUnLy

Hastily called private auction triggered $9 million Glen Iris sale

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A private weekend auction saw a $9 million Glen Iris sale, a record price for the suburb which has stood at $6.55 million since 2011.
It had been listed with $7 million to $7.7 million price guidance through RT Edgar Mark Wridgway who did the Saturday auction ahead of Monday's scheduled expression of interest closing deadline.
Word of the price leaked out given the attendance of buyers' agents representing some of the six active bidders who took the price well beyond the prior record price for the suburb which has stood at $6.55 million since 2011.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/glen2.jpg" alt="">
<a id="LPlnk182762" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-glen+iris-128112762" target="_blank">The 4 Fairview Grove, Glen Iris offering</a> (above and top) was a Christopher Doyle-built period home, renovated around a decade ago, on its 2000 sqm block with tennis court.
The property last sold 20 years ago at $1,178,000.
“The pre-auction shenanigans and the auction itself was a masterclass in manipulation, momentum and marvel,” one buyers' agent said.
There was also a public Glen Iris weekend auction of the trophy home at <a id="LPlnk80854" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/36-howard-street-glen-iris-vic/property-details-buy-residential-11805148/" target="_blank" rel="noopener noreferrer">36 Howard Street</a>, which was passed in of a $3.3 million vendor bid.
The two storey sandstone residence now comes with a $3.65 million asking price.
 
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Glen Iris trophy home sells for $9 million

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Laneway Music founder Vincent Donato has listed his reinvented Glen Iris home in Melbourne's Donnington Estate.
It is a 1910 Edwardian home with grand period features.
Some $2 million has been spent on a full restoration of the six bedroom home on an elevated 950 sqm Ranfurlie Crescent parcel.
Donato paid $1.56 million in 2014.
The six bedroom home blends period elegance and state of the art contemporary designer style.
A wide reception hall under 14 foot ceilings opens to a formal sitting room with bay window and open fireplace and a formal dining room.
Vendor Marketing's Craig Knudsen has assisted on the listing with the Marshall White agency.
Donato founded Laneway Music, a heritage music label devoted to re-issuing artist catalogue's from the late 60's to the present day. 
You can follow the property sale on Twitter <a href="https://twitter.com/32RanfurlieCres" target="_blank">here</a>.
 This article first appeared in The Weekend Australian Mansion Australia section. 
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firstname1-iYD4UYzvBa

Laneway Music founder Vincent Donato lists Glen Iris home

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Olympian and Commonwealth Games gold medal-winner Lauren Hewitt and her husband Richard are selling their Glen Iris home.
Hewitt, a gold-medalist in the 4x100 metre relay and bronze medalist in the 200 metres, paid $2 million for the home with Richard in 2009.
Set in the Muswell Hill precinct, the <a href="https://www.realestate.com.au/property-house-vic-glen+iris-126046346" target="_blank">1920s art deco residence</a> has four bedrooms and two bathrooms.
Between $2.8 million and $3.08 million through Marshall White agents Zali Reynolds and James Redfern, who have set an August 26 auction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/11/14%20Britten%20Street-2.jpg" alt="" style="font-size: 12.16px;">
Hewitt won gold medals in the 4x100 metre relay at the 1998 Commonwealth Games in Kuala Lumpur and then another gold four years later in Manchester.
Since retiring Hewitt established the Lauren Hewitt Nutrition business.
The family are set to move overseas.
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Olympian Lauren Hewitt lists Glen Iris house

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A residential development site in Melbourne's Glen iris is on the market with existing permit for 25 apartments with underground parking.
Price expectations are around $6.5 million.
The 1785 square metre site, 233 Burke Road, has over 25 metres frontage to Burke Road and rear lane access.
Julian Heatherich from Savills said the current permit allows for a luxurious residential development comprising 25 large apartments with the majority featuring two bedrooms and two bathrooms.
The property will be sold by expressions of interest closing Thursday, March 2 at 12 noon.
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Glen Iris site listed with plans for 25 apartments

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The Glen Iris, Melbourne home of the former AFL ruckman Greg Stafford has been listed with $2.5 million plus hopes.
Stafford now divides his time between his building career with Point Seven Construction and his role as ruck coach with the Melbourne Demons.
The four-bedroom house with 1920s facade is all that remains of the original home.
The expansive open-plan living rooms come with a gas fireplace and a stone kitchen with butler’s pantry.
The property is listed for a September 24 auction. Stafford, who played 204 games for Sydney and then Richmond, extended and renovated the residence at <a href="https://www.realestate.com.au/property-house-vic-glen+iris-123454354" target="_blank">15 Howitt </a>Street after buying it a decade ago for $790,000.
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Retired Swans ruckman Greg Stafford lists Glen Iris home

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It seems a little counter-intuitive that in an apartment market coming off its peak, there's still scope for locations around Melbourne to be shaping as apartment hot spots.

Malvern Road is such an example; while the majority of projects are quite small relative to those of the CBD and surrounds, they do shape as the right stock for current market preferences which have drifted toward larger suburban dwellings.

Focusing on Malvern and Glen Iris, the number of Malvern Road apartment projects in the Apartments.com.au Project Database weighs in at 22. Added to these are a healthy number of projects queued, and which have yet to enter the Apartments.com.au Project Database.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/15_images2.jpg" rel="gallery-all" title="Bonview is one of the few existing apartment projects. Image: Balmain &amp; Co"><img alt="" class="image-article-full-width-580px" height="402" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/15_images2.jpg?itok=-7Kcr2Pp" title="Bonview is one of the few existing apartment projects. Image: Balmain &amp; Co" width="580"></a>

<figcaption>Bonview is one of the few existing apartment projects. Image: Balmain &amp; Co</figcaption></figure>With a limited number of apartment projects completed along this stretch of Malvern Road, the pending surge of projects set to call the thoroughfare home could well push future apartment stock in the area beyond 550 dwellings.

Typically spanning 3-5 levels, these Malvern Road apartment projects are defined by larger internal apartment sizes which are on average supported by a proportionately larger number of car spaces. This is very much a reflection of the type of purchaser developers are chasing, and a reflection of the suburbs in question.

What also bolsters Malvern Road's emergence as an apartment hot spot is that very few of the 22 projects at the foot of the article have yet to reach construction.

Grace at 1555-1559 Malvern Road is all but complete, with Vivid on Malvern also well into its construction schedule. Backing these projects up are Abby Apartments, The Henderson and Turner Residences which are at sales.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v16021_1hero_b_0.jpg" rel="gallery-all" title="The Henderson is symptomatic of Malvern Road apartment projects. Image: thehendersongleniris.com.au"><img alt="" class="image-article-full-width-580px" height="272" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/v16021_1hero_b_0.jpg?itok=eiyuLg3S" title="The Henderson is symptomatic of Malvern Road apartment projects. Image: thehendersongleniris.com.au" width="580"></a>

<figcaption>The Henderson is symptomatic of Malvern Road apartment projects. Image: thehendersongleniris.com.au</figcaption></figure>That leaves the bulk of projects along Malvern Road at either planning assessment or approval. Falling within City of Stonnington's borders, the planning process for a number of projects has been lengthy.

Two of the more recent projects to gain approval are 1437-1441 Malvern Road and 1795 Malvern Road, both of which are located in Glen Iris. After an initial failure to determine, Stonnington issued a permit for 1437-1441 Malvern Road on the 29th of August. Spanning six levels when submitted for approval, the Ascui &amp; Co-designed project is one of the larger projects to filter through in the area.

1795 Malvern Road which gained approval during September is more a typical Malvern Road development; three levels with 20 apartments in tow.

The remaining projects are generally at planning, leaving Malvern Road with a strong development pipeline and a claim to being an up and coming apartment hot spot.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image24_7.jpg" rel="gallery-all" title="1437-1441 Malvern Road, Glen Iris. Planning image: Ascui &amp; Co"><img alt="" class="image-article-full-width-580px" height="341" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image24_7.jpg?itok=gvuW-lrN" title="1437-1441 Malvern Road, Glen Iris. Planning image: Ascui &amp; Co" width="580"></a>

<figcaption>1437-1441 Malvern Road, Glen Iris. Planning image: Ascui &amp; Co</figcaption></figure>
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silvermb

Malvern Road emerges as another apartment hot spot

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The latest planning application for Glen Iris is adding weight to the suburb's credentials as it emerges as an apartment hotspot. Situated 10 kilometres from Melbourne's CBD, the suburb has seen an elevated amount of apartment-based activity of late, with developers keen to secure a foothold within the locale which is split between City of Stonnington and City of Boroondara.

Apartments.com.au is tracking 638 new apartments within Glen Iris spread over 13 separate developments. Small-scale numbers relative to inner city development, yet impressive when considering the suburb is both a youngish apartment market and heavily favoured by owner-occupiers.

City of Stonnington are currently advertising the suburb's largest intended development to date, located at <a href="/buildings/highpark-1559-1567-high-street-glen-iris">1559-1567 High Street</a>. The proposal which rises progressively to eight levels would hold 148 dwellings if approved. Southbank-based Gardenier Pty Ltd is the proponent with ROTHELOWMAN responsible for the design.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image10_2.jpg" rel="gallery-all" title="Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN"><img alt="" class="image-article-full-width-580px" height="312" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10_2.jpg?itok=09lRXRb0" title="Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN" width="580"></a>

<figcaption>Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN</figcaption></figure>Clad predominantly in varying tones of glass, 1559-1567 High Street holds a mixture of one, two, two plus and three bedroom apartments. The development carries a nominal value of $36 million and would see 15 three bedroom dwellings included in addition to 6 two bedroom plus options, both of which point toward the development team's recognition of Glen Iris as a suburb capable of holding a greater number of higher-end dwellings.

Elsewhere and Glen Iris currently sees three apartment projects at construction. Gardiner Rise, <a href="/buildings/grace-1555-malvern-road-glen-iris">Grace</a> and <a href="/new-apartments/glen-iris-vic-3146">Vivid on Malvern</a> are all at basement stage with the latter the latest project for St Kilda Road-based AG Constructions; yet another of a new brigade of builders devoted solely to the delivery of apartment projects.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image11_3.jpg" rel="gallery-all" title="Gardiner Rise and Vivid on Malvern in progress"><img alt="" class="image-article-full-width-580px" height="259" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image11_3.jpg?itok=Nr7fCmRS" title="Gardiner Rise and Vivid on Malvern in progress" width="580"></a>

<figcaption>Gardiner Rise and Vivid on Malvern in progress</figcaption></figure>Soon to join those at construction are Lennox Glen Iris, which was <a href="/news/samuel-property-and-the-new-residential-zones">featured recently</a>, and <a href="/buildings/trentwood-25-trent-street-glen-iris">Trentwood</a>, Kokoda Property Group's latest residential project. Featuring 92 apartments within a Hayball-designed building, Trentwood will feature Carr Design interiors within the development dominated by two and three bedroom dwellings which hold internal spaces of up to 123sqm.

Also at Registrations and Sales is <a href="/buildings/leopold-stonnington-18-leopold-street-glen-iris">Leopold</a> which presents as more typical Glen Iris apartment developments in that it is low-rise in nature and within a close distance to either of the suburbs two train stations: Gardiner or Glen Iris.

The balance of project within postcode 3146 are at planning, with three notable developments in waiting. Calabro Capital's <a href="/new-apartments/iris-residences-1581-malvern-road-glen-iris">1579-1581 Malvern Road</a> is a recent entrant into the Apartments.com.au project database as are <a href="/new-apartments/1729-1735-malvern-road-glen-iris">1729-1735 Malvern Road</a> and the Peddle Thorp-designed <a href="/new-apartments/1655-1659-malvern-road-glen-iris">1655-1659 Malvern Road</a>.

Sizeable apartment developments applications are also in progress for the following Glen Iris addresses (some of which have yet to enter the Apartments.com.au project database) include:

<ul>
<li>1687 Malvern Road</li>
	<li>7-11 Elm Road Glen Iris (developed by modular builder Modscape)</li>
	<li><a href="/new-apartments/1639-1645-malvern-road-glen-iris">1639-1645 Malvern Road</a></li>
	<li>1795 Malvern Road</li>
	<li>1693-1699 Malvern Road</li>
	<li>1542 High Street</li>
	<li>
<a href="/new-apartments/1655-1659-malvern-road-glen-iris">1655-1659 Malvern Road</a> (Notice of Decision stage)</li>
	<li>1789 and 1791-1793 Malvern Road</li>
</ul>
With Malvern Road and High Street a focal point of apartment development within the area, Glen Iris's forward apartment development pipeline is looking particularly strong. This coupled with the desirability of the suburb leads Apartments.com.au to ear tag Glen Iris as an apartment hotspot both now and into the medium term.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image13_4.jpg" rel="gallery-all" title="A selection of active Glen Iris apartment projects"><img alt="" class="image-article-full-width-580px" height="336" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image13_4.jpg?itok=t89d-iOm" title="A selection of active Glen Iris apartment projects" width="580"></a>

<figcaption>A selection of active Glen Iris apartment projects</figcaption></figure>
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Identifying the next apartment hotspot: Glen Iris

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One of the major changes to planning during the term of the last Victorian Government was the implementation of <a href="/news/planning-minister-approves-new-residential-zones-in-39-victorian-lgas">new residential and commercial zones</a> right throughout <a href="/news/planning-minister-approves-new-residential-zones-in-39-victorian-lgas">metropolitan and regional areas</a>.

The new planning zones were designed to provide clarity to the community and also to developers in order for them to make investment decisions with a clear understanding of what can be built on the sites they purchase.

One developer which is working away in the General Residential and Residential Growth Zones is <a href="http://www.samuel.com.au/">Samuel Property</a>.

To date Samuel Property have begun development of two projects: Vela in Blackburn and Lennox Glen Iris. Apartments.com.au recently chatted with Illan Samuel who is head of the company and some interesting planning anecdotes came out of the conversation.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lennox.jpg" rel="gallery-all" title="Lennox Glen Iris. © Samuel Property"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/lennox.jpg?itok=XRuU3Ah1" title="Lennox Glen Iris. © Samuel Property" width="580"></a>

<figcaption>Lennox Glen Iris. © Samuel Property</figcaption></figure>Lennox, located at 25 Belmont Avenue North in Glen Iris, was initially targeted at the downsizer market and four weeks out from kicking off the marketing campaign for the project, a decision was made to switch direction and target young professionals.

All 20 apartments were sold in 4-5 weeks and it attracted “very much a hyper-local buyer pool - young people who were either renting or originally grew up in the area - and no offshore buyers” according to Samuel.

Illan Samuel told Apartments.com.au that development sites in side streets right near main strips are preferred; buyers like being close to the action but not directly on the main drag as it were. Lennox in Glen Iris and Vela in Blackburn fit this bill.

Take this <a href="http://planningschemes.dpcd.vic.gov.au/__data/assets/pdf_file/0007/194614/whitehorse02zn.pdf">map of zones</a> for the Blackburn area in Whitehorse, Vela Blackburn as seen in the render below is located at 4 Station Street, just off Whitehorse Road and right inside the <a href="http://planningschemes.dpcd.vic.gov.au/schemes/whitehorse/ordinance/32_07s03_whse.pdf">RGZ3</a> zone. Lennox in Glen Iris located at 25 Belmont Avenue North comes under <a href="http://planningschemes.dpcd.vic.gov.au/schemes/stonnington/ordinance/32_08s10_ston.pdf">GRZ10</a> according to <a href="http://planningschemes.dpcd.vic.gov.au/__data/assets/pdf_file/0007/191743/stonnington06zn.pdf">Stonnington zone maps</a> for Glen Iris.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/apartments4.jpg" rel="gallery-all" title="Vela Blackburn. © Samuel Property"><img alt="" class="image-article-full-width-580px" height="330" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/apartments4.jpg?itok=7vqlzmIm" title="Vela Blackburn. © Samuel Property" width="580"></a>

<figcaption>Vela Blackburn. © Samuel Property</figcaption></figure>Vela in Blackburn, like Lennox in Glen Iris, has sold out of its 24 apartments and Illan told Apartments.com.au the sales campaign drew in a lot of local buyers.

As is the custom when Apartments.com.au asks developers about future plans, there was a lot of coyness, but Illan did tell us that a similar profile development - side street just off a main strip in RGZ or GRZ - is currently at planning in Glen Eira.

Vela in Blackburn is already under construction and Lennox Glen Iris is set to commence construction in October.

<h2>Comment</h2>

There is still, no doubt, scope to improve the planning zones further. For instance, encouraging (forcing?) councils to apply them to more areas in their LGA and experimenting with other "carrot or the stick" tools like density bonuses which might allow developers to build an extra level in exchange for affordable or social housing components in developments located in any General Residential or Residential Growth Zone.

Regardless, it is encouraging to see capital seek out these development opportunities and from early-adopter and entrepreneurial developers as well; as it is the little things, built in high volume, that are going to count over the long run if Melbourne is to reach the goal of diversifying its residential stock as we grow over the coming decades.

Lead image credit: Lennox Glen Iris location, <a href="http://www.lennoxgleniris.com.au/video">Samuel Property</a>.
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