The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Melbourne

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A record $12 million has been paid for a trophy home on Canterbury's Monomeath Avenue.
Ross Savas at Kay &amp; Burton described it as a <a href="https://kayburton.com.au/properties/view/217254-canterbury-sale" target="_blank">majestic residence reminiscent of European chateaus</a>.
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It came with a pool and north/south tennis court, and even vegie and herb gardens.
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<div>It bettered a $10.6 million record set just one week earlier on Mont Albert Road.</div>
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Title Tattle gleans the suburb headed into 2015 with its record back on Monomeath Road at $9,226,000 set in October 2014, in a sale by Craig Drummond, the former chief executive of Goldman Sachs JBWere and Bank of America Merrill Lynch Australia, turned NAB executive.
There had been an $8.65 million record on Monomeath Road in 2008, on the former Hamer estate.
One of Victoria's longest-serving state premiers, Sir Rupert Hamer, called Monomeath Avenue home for 44 years before his mansion was controversially demolished in the 1990s as part of a development dispute that waved the starting flag on its rebuilding trend.
There were two families, the Snowdons and the Demaines, who subdivided the Canterbury Road end of Monomeath Avenue, which took its name from the weatherboard dwelling of the Snowdon family - Monomeath House - about 160 years ago.
The main part of the subdivision came in about 1905, explaining the then near century old preponderance of Edwardian houses, although most have been replaced with the more modern houses, and now European chateaus.
The $12 million purchasers were Hongmin and Lifang Wang who bought from Mark Waldron.
All the locals now await settlement of nearby 12 Monomeath wondering just how much Yi Qian paid for the three level trophy home, lift-accessed from its eight car basement.
It is a Phillip Mannerheim designed home, with interiors designed by the late Stuart Rattle, within Paul Bangay gardens. <a href="https://www.realestateview.com.au/Real-Estate/monomeath-avenue-canterbury/Property-Details-sold-residential-8294206" target="_blank">The six bedroom, six bathroom home</a> sold through Kay &amp; Burton agent Scott Patterson in conjunction with Melbourne Deluxe Real Estate agent Paul Pfeiffer. 
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European chateau on Canterbury's Monomeath Avenue fetches $12 million

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Some 6.2% of Melbourne resales over the March 2015 quarter were at a price lower than the previous purchase price, according to the latest CoreLogic RP Data pain gain report.
The figure was down from 7.5% a year earlier however up from the 5.6% the previous quarter. 
The Moorabool and Murrindindi council areas were the only regions across the city to record no resales at a loss over the quarter. 
The regions with the highest proportion of loss-making resales were the heart of Melbourne (24.0%), followed by Melton (15.2%), Macedon Ranges (10.4%) and Whittlesea (10.3%).
The average loss of vendors in the inner Melbourne sits at $34,000. 
<a href="/images/2015/06/23/700_pain3.jpg" target="_blank">Click to enlarge</a>
 
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Highrise inner Melbourne residential loss sales running at 24%: CoreLogic RP Data pain gain report

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Television personality John Deeks secured $1.92 million when his Brighton home sold at recent auction. 
The entertainer’s modern three bedroom town residence sold through Hodges agents Janine Lum and Campbell Cooney.
It was a 1980s townhouse refurbished in 2002.
John ‘‘Deeksie’’ Deeks was voiceover man on game shows Wheel of Fortune, The Price is Right, then the host of Family Feud. 
It last traded when bought in 2009 by his wife, Amanda for $1.57 million.
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John Deeks sells Brighton townhouse

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The Melbourne buyers' advocate David Morrell says he is finding it "incredibly hard to buy because you cannot justify the prices."
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He said most reserves were being passed easily.
"Are we in a bubble? Of course we are. It just depends who is caught with the parcel," he said.
 "But in my opinion, it is incredibly hard to buy because you cannot justify the prices," he suggested in his regular Monday auction roundup in the Australian Financial Review.
He recently blogged "the really bubbling bubble" is at $1 million to $5 million.
He pointed the finger at a June $4.66 million Armadale sale (photo below) at 39 Lambeth Avenue — "a street where anything starting with a $4 would be hard to justify." 
<img src="https://i1.au.reastatic.net/456x342/fbf55072cbb6b761411114c1532d68b13e37f8d41325530b7bec5cf4a47ac81c/main.jpg" alt="39 Lambeth Avenue, Armadale" title="39 Lambeth Avenue, Armadale" data-index="0">
Only a month ago Morrell wasn't calling it a bubble.
"Our suspicion is that this isn’t a bubble, it’s a jumping castle.
"Frenetic leaps until it springs a leak and then a slow deflate."
But another Melbourne buyers' agent Mal James continues finding homes for clients, noting while typically at well above agent estimates, they have been <a href="https://marketnews.com.au/documents/May_Results.xlsx.pdf" target="_blank" style="line-height: 1.3em;">rarely above his own price appraisals</a>.
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Buyers' agent David Morrell says top end Melbourne bubble prices can't be justified 

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The three Melbourne suburbs with the highest clearance rates so far this year are Bayswater, Knoxfield and Scoresby – all had clearance rates of 100 per cent heading into this weekend, according to the REIV.
No auctions this weekend reported for Bayswater.
But Scoresby kept its record intact with buyers biting sufficiently to see 21 Wattleview Rise (below) selling through Barry Plant at $836,000.
<img src="https://b.domainstatic.com.au/w800-h533-2012003408_1_pi_150614_112054" width="665" height="443">
The four bedroom home on a 725 square metre cul de sac block fetched $560,000 in 2011.
Knoxfield's run came to an end with a vendor bid when 8 Paperbark Place was put to Barry Plant auction.
Blackburn North, Heathmont, Wantirna, Glen Huntly and Hughesdale have also reportedly been very strong sellers.
A clearance rate of 79 per cent was recorded across Melbourne on the weekend compared to 79 per cent last weekend and 72 per cent on this weekend last year.
There were 850 auctions reported to the REIV.  
The REIV was expecting about 1,020 auctions across 258 suburbs on the weekend.
Last year there were 809 listings with a 72% success rate.
The top auction locations were Balwyn North (19 auctions), Richmond (16 auctions) and St Kilda (15 auctions). 
There were at least 15 sales secured at Balwyn North, including the third highest across Melbourrne. 
That $2.92 million Balwyn North sale (below) was on offer for the first time in over 50 years.
<img src="https://images.realestateview.com.au/pics/792/37-Hosken-Street-Balwyn-North-VIC-3104-Real-Estate-photo-6-large-8915792.jpg" alt="37 Hosken Street Balwyn North VIC 3104 Real Estate Photo 6" title="37 Hosken Street Balwyn North VIC 3104 House - Photo 6">
"Seize a rare opportunity to lock in a rewarding future for your family," the Fletcher's marketing said.
The classic solid brick home, <a href="https://www.realestateview.com.au/Real-Estate/37-hosken-street-balwyn-north/Property-Details-sold-residential-8915792" target="_blank">positioned on 1155 square metres on the high side of Hosken Street</a>, sits within the renowned Balwyn High School zone.
It was abled to be subdivided and utilised for a dual townhouse development, agent Daiman Kane said..
The Melbourne clearance rate for the year, prior to June 19, was 78 per cent compared to 71 per cent the same time last year.
TOP 5 HOUSES 
1. 47 Erica Avenue, Glen Iris $3,650,000 2. 11 Bristol Street, Surrey Hills $3,580,000 3. 11 Fernhurst Drive, Glen Waverley $3,450,000 4. 37 Hosken Street, Balwyn North $2,920,000 5. 20 Victoria Street, Box Hill $2,880,000
TOP 5 BARGAIN HOUSES
1. 25 Ardent Court, Hastings $190,000 2. 4 Radiata Street, Frankston North $260,250 3. 138 Coburns Road, Melton $275,000 4. 12 Moe Court, Dallas $282,000 5. 72 Roberston Drive, Mornington $306,000
TOP 5 APARTMENTS 
1. 143/85 Rouse Street, Port Melbourne $2,280,000 2. 1/9 Stanley Street, Brighton $2,265,000 3. 1/31B Nepean Highway, Aspendale $1,860,000 4. 2/65 Tramway Parade, Beaumaris $1,510,000 5. 3/111 Wattle Valley Road, Camberwell $1,410,000
TOP 5 BARGAIN APARTMENTS
1. 20/287-293 Exhibition Street, Melbourne $195,000 2. 7/20 Sandown Road, Ascot Vale $206,000 3. 17/6 Mayston Street, Hawthorn East $220,000 4. 14/550 Moreland Road, Brunswick West $225,000 5. 7/1A Wilkinson Street, Reservoir $251,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
 
 
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Bayswater, Knoxfield and Scoresby - the Melbourne suburbs with 100% auction success during 2015

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A clearance rate of 79 per cent was recorded across Melbourne on the weekend compared to 79 per cent last weekend and 72 per cent on this weekend last year.
There were 850 auctions reported to the REIV.  
The REIV was expecting about 1,020 auctions across 258 suburbs on the weekend.
Last year there were 809 listings with a 72% success rate.
The top auction locations were Balwyn North (19 auctions), Richmond (16 auctions) and St Kilda (15 auctions). 
There were at least 15 sales secured at Balwyn North, including the third highest across Melbourrne. 
That $2.92 million Balwyn North sale (below) was on offer for the first time in over 50 years. There were five bidders.
<img src="https://images.realestateview.com.au/pics/792/37-Hosken-Street-Balwyn-North-VIC-3104-Real-Estate-photo-6-large-8915792.jpg" alt="37 Hosken Street Balwyn North VIC 3104 Real Estate Photo 6" title="37 Hosken Street Balwyn North VIC 3104 House - Photo 6">
"Seize a rare opportunity to lock in a rewarding future for your family," the Fletcher's marketing said.
The classic solid brick home, <a href="https://www.realestateview.com.au/Real-Estate/37-hosken-street-balwyn-north/Property-Details-sold-residential-8915792" target="_blank">positioned on 1155 square metres on the high side of Hosken Street</a>, sits within the renowned Balwyn High School zone.
It was abled to be subdivided and utilised for a dual townhouse development, agent Daiman Kane said. He told Property Observer the buyer will seek to subdivide. 
The Melbourne clearance rate for the year, prior to June 19, was 78 per cent compared to 71 per cent the same time last year.
TOP 5 HOUSES 
1. 47 Erica Avenue, Glen Iris $3,650,000 2. 11 Bristol Street, Surrey Hills $3,580,000 3. 11 Fernhurst Drive, Glen Waverley $3,450,000 4. 37 Hosken Street, Balwyn North $2,920,000 5. 20 Victoria Street, Box Hill $2,880,000 
TOP 5 BARGAIN HOUSES 
1. 25 Ardent Court, Hastings $190,000 2. 4 Radiata Street, Frankston North $260,250 3. 138 Coburns Road, Melton $275,000 4. 12 Moe Court, Dallas $282,000 5. 72 Roberston Drive, Mornington $306,000
TOP 5 APARTMENTS 
1. 143/85 Rouse Street, Port Melbourne $2,280,000 2. 1/9 Stanley Street, Brighton $2,265,000 3. 1/31B Nepean Highway, Aspendale $1,860,000 4. 2/65 Tramway Parade, Beaumaris $1,510,000 5. 3/111 Wattle Valley Road, Camberwell $1,410,000 
TOP 5 BARGAIN APARTMENTS 
1. 20/287-293 Exhibition Street, Melbourne $195,000 2. 7/20 Sandown Road, Ascot Vale $206,000 3. 17/6 Mayston Street, Hawthorn East $220,000 4. 14/550 Moreland Road, Brunswick West $225,000 5. 7/1A Wilkinson Street, Reservoir $251,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
 
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Balwyn North - the weekend's busiest auction suburb with plentiful buyers biting 

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The latest <a href="/expert-insights/buying/6-5-quarterly-increase-in-melbourne-housing-values-led-by-inner-20km-suburbs-valuer-general">Victorian Property Sales Report</a> - covering the December 2014 quarter - has found the metropolitan suburb of Clifton Hill to have the largest increase in median price in a suburb with ten or more sales across the Melbourne metropolitan area.
Clifton Hill had 22 sales with the median price increasing 43.1% from $894,500 to $1,280,000, though perhaps more reflective of the type of housing available than the actual price growth. The Victorian valuer general noted quoting the highest and lowest increases and decreases for the quarter does not necessarily provide a definitive indication of the property market. 
However, he suggests the examples may be useful for analysis and comparison though can be misleading in some instances. 
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"Property analysts will be able to define and explain various locations’ trends using their knowledge of individual locations and their associated sub-market anomalies." 
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The suburb with the next closest median price increase for the same period was Hawthorn East, a 28% increase to $1,562,000.
Throughout the Melbourne metropolitan area, median house price sales during the December 2014 quarter increased 6.5% to $570,000, units 5.6% to $475,000 and vacant land 2.6% at a median value of $220,000.
For the year ending December 2014 houses in the Melbourne metropolitan area increased 0.9%, units 2.6% and vacant land 5.8%.
<img src="/images/2015/06/18/melb_metro.jpg" alt="" width="798" height="989" style="line-height: 1.3em;">
For the full report, which includes an itemised suburb list, click <a href="/news">here</a>.
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Clifton Hill leads median increase in Melbourne metro

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Australia has boosted its prime residential price index, with Sydney and Melbourne boosting their international status as number 10 and 11 respectively on the latest Knight Frank Prime Global Cities Index.
The index enables investors and developers to monitor and compare the performance of prime residential prices across key global cities, with prime property corresponding to the top five per cent of the wider housing market in each city.
The Knight Frank Prime Global Cities Index increased by 3.9% globally in the year to March 2015. North American cities occupy three of the top four rankings for annual price growth, while luxury properties are, on average, 46% more expensive than in Q2 2009 when the index hit its financial crisis low.
 
Out of the 56 markets monitored by Knight Frank, only 14 locations registered price declines.
The worst performing was war-torn Ukraine, showing a 15.5 percent drop in rates, followed by Cyprus, where values fell by 8.2 percent and China, falling by 6.4 percent.
 
The index, which is compiled on a quarterly basis using official government statistics or central bank data, indicated that Hong Kong is currently the top performing market today in terms of growth in property values, registering an increase of 18.7 percent.
 
The second top performing market is Turkey, where values accelerated by 18.6 percent, followed by Ireland in the third place (16.8 percent), Luxembourg (12.1  percent) and Estonia (11 percent).
According to Knight Frank’s Associate Director for Residential Research in Australia, Michelle Ciesielski, Sydney and Melbourne have increased on the index by 7.4% and 7.2% respectively over the past 12 months.
“Despite the mainstream market in Sydney over the same time achieving growth of 16.5% for houses, and 12.9% for apartments, those purchasing prime properties in Sydney have preferred to wait for the right opportunity, at the right value.
“The two years following the introduction of the Significant Investor Visa in 2012, we saw more Chinese-based purchasers in the prime residential market.
“However, over the past 18 months we’ve witnessed more local purchasers, with many expats returning to Sydney and Melbourne.
 “We expect growth to continue in the top five per cent of the residential market with the current low-interest rate environment, steady business confidence and a weaker Australian dollar than we saw when the Significant Investor Visa was first introduced.
“Attracting more net worth individuals to Australia, from July 1, the Government will be offering a more expeditious, 12-month pathway to permanent residency for those meeting an AUD$15 million threshold under the Premium Investor Visa,” said Ms Ciesielski.
According to the report, globally the index showed a mixed picture. Previous strong performers such as London slipped back, whilst cities such as San Francisco, Vancouver and Sydney climbed the rankings.
The report found the ongoing tussle between globalisation (wealth creation, improved connectivity) on the one hand and protectionism (including foreign buyer restrictions, capital controls) on the other is set to dominate purchase decisions for luxury buyers and hence market performance going forward, as explored in this year’s <a href="https://www.knightfrank.com/wealthreport" target="_blank" style="line-height: 1.3em;">Wealth Report</a>.
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Sydney and Melbourne boost international status: Knight Frank Prime Global Cities Index

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The grand dame of Australian cooking, Beverley Sutherland Smith secured $3.3 million at weekend auction for her Melbourne home which comes with kitchen where she hosted her iconic cooking school for the past five decades. 
The Mt Waverley offering was a 2,200 square metre garden estate with 1960s house with pool and court.
It was in the 1967 that foodies began attending one of Australia's first cooking schools at <a href="https://www.realestateview.com.au/Real-Estate/29-regent-street-mount-waverley/Property-Details-buy-residential-8892422" target="_blank">29 Regent Street</a>.
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Even American boxer George Foreman filmed a commercial for his electric grill at the house which was auctioned through Stockdale and Leggo. 
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Cooking school pioneer Beverley Sutherland Smith sells Mt Waverley home

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Now on his retirement circuit, tennis star Lleyton Hewitt has stepped up the marketing of his super sized St Kilda Road, Melbourne penthouse.
Overlooking Albert Park lake, he purchased two apartments and merged them into a mega, six-bedroom penthouse.
He has been seeking to sell for several year, formally relisting it fully furnished in August last year.
After previous $15 million hopes, he amended the price significantly to around $10 million. But no formal asking price in the latest campaign.
The 2006 Yve apartment complex's most recent sale has been on the 17th floor at $1.88 million, having previously sold in 2010 at $1,665,000. It first sold off the plan in 2004 at $1,828,000. 
Sotheby's retain <a href="https://www.melbournesothebysrealty.com/property/melbourne-1903578-st-kilda-road" target="_blank">the Yve penthouse listing</a> which has 710 square metre internal space plus 443 square metres outdoor living space over levels 19 and 20. 
The residence is controlled by a world-leading AMX Smart System that includes remote-controlled sheer and blackout blinds, plasma screens in each room, zoned music and an extensive video library. 
Finishes include terrazzo flooring, marble bench tops, European appliances and soundproof glazing to all glass walls.
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