<p>Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.</p>

<p>A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.</p>

<p>Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.</p>

<p>“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.</p>

<p>Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.</p>

<p>“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.</p>

<p>The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.</p>

<p>It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.</p>

<p>The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.</p>

<p>One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.</p>

<p>Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.</p>

<p>The developer is also exploring the potential for additional affordable housing outcomes.</p>

<p>Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.</p>

<p>Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.</p>

<p>Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.</p>

<p>“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”</p>

<p>Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.</p>

<p>Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.</p>

<p>Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.</p>


Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

<p>Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.</p>

<p>The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.</p>

<p>Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" /></p>

<p>“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.</p>

<p>The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”</p>

<p>The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" /></p>

<p>The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.</p>

<p>According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.</p>

<p>“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.</p>

<p>A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.</p>

<p>Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.</p>

<p><img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" /></p>

<p>All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.</p>

<p>The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.</p>


Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

<p>Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.</p>

<p>The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.</p>

<p>Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.</p>

<p><img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" /></p>

<p>Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.</p>

<p>The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.</p>

<p>"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.</p>

<p>The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.</p>

<p>The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.</p>

<p><img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" /></p>

<p>Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.</p>

<p>Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.</p>


First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

<p>The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.</p>

<p>The proposal will now proceed to a full council vote on June 2.</p>

<p>The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;</p>

<p>The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;</p>

<p><img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" /></p>

<p>The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;</p>

<p>Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.</p>

<p>“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.</p>

<p>“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.</p>

<p><img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" /></p>

<p>“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.</p>

<p>“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.</p>

<p>“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”</p>

<p><img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" /></p>

<p>Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;</p>

<p>Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.</p>

<p>“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.</p>

<p>“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.</p>

<p>“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”</p>


$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

<p>Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.</p>

<p>John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.</p>

<p>The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.</p>

<p>In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.</p>

<p><img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" /></p>

<p>Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.</p>

<p>DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.</p>

<p>“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.</p>

<p>The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.</p>

<p>“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.</p>

<p>At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.</p>

<p>The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.</p>


First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Melbourne

<html><body>
<p>St Kilda Road has been the subject of multiple waves of reinvention over the years, and the area is once again in the spotlight, thanks to renewed government and private development interest.</p>

<p>Once flanked on both sides by ornate colonial mansions, St Kilda Road was historically coveted by affluent Melburnians. It was the changes to zoning regulations in the 1950s that transformed the residential area into an extension of the CBD, dominated by commercial office buildings. </p>

<p>In a full turnaround, developers have again focused their attentions on the area’s potential for luxury city living. As a result, elegant residential towers are beginning to appear along the St Kilda Road corridor.</p>

<p>One such development, The Muse apartments, symbolises the return of ultra-luxury living along St Kilda Road. Featuring panoramic views from Port Phillip Bay to the Botanic Gardens, The Muse will boast opulent living at its peak, with its penthouse holding a city-wide price record of $45 million. </p>

<p>Beyond St Kilda Road's potential for residential luxury living, developers have also taken into account the considerable government investments in the area – such as the Metro Tunnel and ANZAC station which are currently under construction. The state government estimates that 20,000 commuters will pass through the concourse of Anzac Station daily, and residential developments in the area will be some of the first to benefit from the new infrastructure.</p>

<p>Wuzhong International Director David Shen anticipates a domino effect is likely to occur in surrounding suburbs, which will include their latest development Bowen &amp; Queens which is due for completion by 2021.</p>

<blockquote>
<p><em><strong>“It is expected the area will be completely revitalised in the coming years, thanks to the effects of ANZAC Station. When constructed, the transport hub will bring foot traffic and with it, more vibrancy, helping the area become an extension of bustling neighbourhood suburbs like South Yarra”</strong></em></p>
</blockquote>

<p>St Kilda Road is already the busiest tram corridor in the city, so the metro station will help streamline commutes in the area by providing direct connections to the Cranbourne and Pakenham train lines. Alongside $27 million invested in bike lanes, the Southbank Arts Precinct, comprising of the National Gallery of Victoria, the Arts Centres, and various other institutions, will also be a recipient of St Kilda Road’s concerted revitalisation works. </p>

<blockquote>
<p><strong><em>“We have made major investments in the St Kilda Road area, particularly with the redevelopment of the Melbourne Arts Precinct and the NGV Contemporary as its centrepiece.”</em></strong></p>
</blockquote>

<p><em>Hon. Martin Foley, State MP for Albert Park</em></p>

<p>The new art gallery, to be built on the site of the Carlton &amp; United Breweries Building, will surpass Hobart’s Museum of Old and New Art (MONA) to become the country’s largest contemporary art gallery.</p>

<p>The State MP for the area is confident that its investments along St Kilda Road in Southbank will help generate more buzz and foot traffic for the area. </p>

<blockquote>
<p><em><strong>“The project will bring the Southbank and Arts Precinct to life, with 18,000 square metres of new and renewed public space – enabling visitors to move seamlessly from Southbank and the Yarra, through Melbourne’s iconic St Kilda Road cultural institutions.”</strong></em></p>
</blockquote>

<p><em>Martin Foley, State MP for Albert Park</em></p>

<p>From Southbank to South Yarra, St Kilda Road is ready for a renaissance for both its residents and workers. Time will tell the full effects of the various government and private investment in the area. Still, all signs point to a revitalisation of what is arguably Melbourne’s most elegant strip.  </p>

<p><em>Lead image: Aerial from above showing Bowen &amp; Queens render amongst St Kilda Road developments. Credit: Wuzhong International.</em></p>
</body></html>

Melbourne's St Kilda Road is set to welcome a resurgence of new development

<html><body>
<p>The apartment market in Melbourne has remained relatively strong throughout the COVID-19 pandemic, and even outperformed houses in November, according to figures released by property data firm CoreLogic.</p>

<p>Their National Home Value Index for November saw apartments record 0.7 per cent value growth, compared to the 0.6 per cent growth in houses.</p>

<p>CoreLogic's Head of Research Tim Lawless said the result was a surprise. “The resilience in Melbourne unit values is surprising given the high supply levels across inner city areas and the sharp decline in rental conditions," Lawless said.</p>

<p>Melbourne unit values fell by -0.8 per cent in back to back months from August, but bounced back in October with 0.1 per cent gains.</p>

<p><img alt="" height="691" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_units_nov_cl_0.jpg" width="2000"></p>

<p>Lawless suggests the unit market outperforming the housing market may be short-lived unless overseas migrations turns around sooner than expected, which in turn would help to shore up rental tenancy demand.</p>

<p>Melbourne’s unit values have recorded a smaller than expected decline throughout the COVID period to-date and a more substantial recovery trend over recent months.</p>

<p>Apartment values in Melbourne are now 0.1 per cent higher over the quarter, compared to Melbourne's housing market which is -0.6 down over the last three months. Over 2020, Melbourne's apartment values are only down 0.5 per cent to a median value of $568,000.</p>
</body></html>

Apartment values across Melbourne outperformed the housing market in November, surging 0.7 per cent, according to CoreLogic's Home Value Index

urban.com.au

Melbourne apartment values outperform houses in November: CoreLogic

j.ballantyne1990-6AQqhLzZaK

Melbourne's secondary school catchment property growth was top-tier: Domain

<html><body>
<div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Melbourne was host to 894 auctions over the past week, overtaking Sydney as the busiest capital city for auctions.</p>
<p>The previous week saw 646 auctions held across Melbourne, while this time last year a higher 1,533 homes were taken to auction, according to CoreLogic.</p>
<p>Of the 756 results collected so far, 71.7 per cent were successful, down from last week’s preliminary clearance rate of 77.1 per cent, which revised down to 70 per cent at final figures. One year ago, 74.8 per cent of reported auctions were successful.</p>
<p>Melbourne had the nation’s cheapest weekend auction result when $195,000 was paid for the dated two bedroom townhouse at Melton South.</p>
</div>
</div>
</div>
</div>
</div>
<div>The Brad Teal Real Estate price guide had been $180,000 to $200,000 for 4/63-65 Staughton St, Melton South.</div>
<div> </div>
<div>The last sale in the complex of eight was $170,000 in 2016.</div>
<div> </div>
<div>There were 2,155 homes scheduled for auction across the nation's capital cities last weekend of spring, up from 1,803 over the previous week.</div>
<div> </div>
<div>Of the 1,763 results collected so far, 73.9 per cent have reported a successful result, slightly higher than last week’s preliminary auction clearance rate of 73.6 per cent, which revised down to 69.1 per cent at final figures.</div>
<div> </div>
<div>Over the same week last year, 3,206 homes were taken to auction and 73.6 per cent of reported results were successful.</div>
<div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>In Sydney, 887 homes were taken to auction, compared to 805 over the previous week and 1,221 this time last year.</span></p>
<p><span> The preliminary clearance rate came in at 76.9 per cent this week, increasing from the previous </span><span>week’s preliminary clearance rate of 76.2 per cent, which </span><span>revised down to 71.6 per cent at final figures. This time last year, 78.1 per cent of reported auctions were successful.</span></p>
<p><span>Across the smaller cities, Canberra recorded the highest preliminary clearance rate at 78.4 per cent, followed by Adelaide at 75 per cent.</span></p>
</div>
</div>
</div>
</div>
</div>
<p dir="ltr"> </p>
</body></html>

jchancellor-FAypfDUnLy

Melbourne regains crown as busiest auction capital

<html><body>
<p>Tim Lawless says the new Victorian stamp duty incentive <span>will be a broad reaching incentive, with 83 percent of Victorian homes selling for less than $1 million over the past twelve months.</span></p>
<p><span><span>His insight came after Victoria's state government announced stamp duty concessions for homes valued up to $1 million. </span></span></p>
<p><span><span>New builds, including off the plan purchases will receive a 50 percent discount, while existing homes will receive a 25 percent discount (in addition to existing stamp duty concession for first home buyers).</span></span></p>
<p><span><span>Lawless, the head of research at CoreLogic noted, 90 percent of Melbourne units sold in the year to October were priced at under $1 million. </span></span></p>
<p><span><span>It was 70 percent of Melbourne houses.</span></span></p>
<p>Over 96 percent of regional houses and units would qualify for the tax waiver.</p>
</body></html>

Victoria stamp duty concessions to have big impact: Tim Lawless

<html><body>
<p>Beulah International has listed a Melbourne penthouse in its Paragon project.</p>
<p>Situated on the corner of Queen Street and La Trobe Street, the 48-storey tower’s three-bedroom penthouse has been listed for sale for $4.5 million.</p>
<p>Designed by Fender Katsalidis, the residence offers an outdoor rooftop terrace and 360-degree views over the Melbourne CBD, said to be the tallest private rooftop terrace in Melbourne.</p>
<p>Beulah’s Adelene Teh said the terrace can be used for entertaining guests, watching the New Year fireworks or as a place to exercise outdoors with added privacy.</p>
<p>“Rising 48 levels high, the private rooftop terrace creates a place for rest and a peaceful retreat from the streets below”, she said.</p>
<p><img src="https://beulahinternational.com/site/wp-content/uploads/2020/10/PAR-Construction-Update-Oct-2020-2-1050x1400.jpg"></p>
<p>Other features in the penthouse apartment include a sculptural, spiral staircase, entertainer’s kitchen and a private bar.</p>
<p>Paragon’s other amenities will also be available to future residents, including access to a flexi-theatre, private dining room, residents’ library, gym, spa and sauna.</p>
<p>Access to Australia’s first elevated indoor urban forest, designed by Paul Bangay, will also be offered.</p>
<p>The 227-apartment tower is located minutes from Queen Victoria Market and Melbourne Central.</p>
<p>The penthouse is due for completion in early 2021.</p>
<p> </p>
</body></html>

Beulah lists Melbourne penthouse in Paragon project

<p>Weekly auction volumes are set to rise across the combined capital cities, with a total of 1,851 homes scheduled to go under the hammer this week.</p>

<p>The scheduled number of auctions are not only expected to be higher than the 1,728 auctions last week, but the highest level reached since the week ending 19 April when 1,922 auctions were held.</p>

<p>Melbourne is set to host its busiest week for auctions since June, with 647 homes scheduled to go under the hammer. This is up 7% on last week’s volumes, although it’s almost half the volume of auctions seen over the same week last year (1,221).</p>

<p>Volumes are expected to remain steady across Sydney this week, with 840 homes scheduled for auction, unchanged from last week’s final count. One year ago, a higher 940 Sydney homes were auctioned over the same week.</p>

<p>Across the smaller cities, scheduled volumes are higher over the week in Adelaide (104), Brisbane (118), Canberra (119) and Tasmania (5), while Perth (18) has fewer scheduled auctions over the week.</p>

<p>Given the latest COVID lock down announcement in South Australia, it is likely a number of homes scheduled for auction across Adelaide this week will be withdrawn or postponed.</p>

<p><img alt="Pictures" data-entity-type="file" data-entity-uuid="867259dc-22f4-4fe4-b6b4-74807a287083" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/download.png?VersionId=SeOhZN3ZVEZ3usjSFm7TcfOf56DgUr5F" /></p>

<p>An example of the busy auction week in Melbourne is 107/68-86 La Trobe Street in the CBD (pictured in title).</p>

<p>The two bedroom, one bathroom apartment comes with a $470,000 - $510,000 price guide.</p>

<p><img alt="Melbourne Hosting" data-entity-type="file" data-entity-uuid="4943d764-231c-413d-b762-295ffcd4b62f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/download%20%281%29.png?VersionId=4uEMeiL4SP7DbVdSaHIFN_rHuqGSf.7D" /></p>

<p>&nbsp;</p>

<p>Another property up for auction in the Melbourne CBD this weekend is 53a/32 Queens Road.</p>

<p>The one bedroom, one bathroom unit has an auction guide of $430,000 - $460,000.</p>


Melbourne hosting its busiest auction weekend since June

<html><body>
<p>NAB are the latest bank forced to backflip on their dire house price forecasts.</p>
<p>Nationally NAB expect rises of around five per cent over 2021 and six per cent over 2022, with house price growth likely to be stronger than the apartment sector. </p>
<p>The best gains are expected in Brisbane, Adelaide and Hobart, all predicted to rise 7.4 per cent, followed by Perth at five per cent.</p>
<p>They are expecting weaker returns from Australia's two biggest housing markets in 2021 compared to the rest of the nation's capitals.</p>
<p>"We see the sharp slowdown in population growth due to border closures as the key risk to house prices, particularly for Sydney and Melbourne." NAB's Q3 2020 update suggested.</p>
<p>NAB's report, headed by their group chief economist Alan Oster, says Melbourne's house prices will grow 3.6 per cent, compared to Sydney's 4.4 per cent over 2021.</p>
<p>They expect further gains in 2022, with Sydney house prices to rise six per cent and Melbourne 5.4 per cent.</p>
<p><strong>NAB's Q3 2020 forecast</strong></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span><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/2020/12/NAB%20FORECAST.jpg" alt=""></span></p>
<p>In a sign of how well the housing market has weathered the COVID pandemic, the forecast is a stark contrast to the forecasted figures just three months ago in the Q2 update.</p>
<p>NAB had predicted prices in Sydney to decline -4.9 per cent and -6.5 per cent in Melbourne in 2021, following 2020 declines of -4.7 per cent in Sydney and -7.3 per cent in Melbourne.</p>
<p>The forecast saw all capital city housing markets decline in 2021, with the average decline across the capitals predicted to be -4.3 per cent.</p>
<p><strong>NAB's Q2 2020 forecast</strong></p>
<p><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/2020/12/NAB%20Q2.jpg" alt=""></p>
<p><br class="Apple-interchange-newline">"This change in NAB’s housing market outlook comes after substantial upgrades to our forecasts for near-term activity and unemployment, as well as the fact that activity in the housing market has held up substantially better than we initially expected," the report read.</p>
<p>"We expect that lower interest rates for an extended period will be a key support to the housing market over the next couple of years, seeing a boost to prices across the country.</p>
<p>"While the deterioration in the labour market would normally weigh on prices, the significant government support has mitigated the rise in unemployment and hit to household incomes"</p>
<p>NAB advised that housing market sentiment had bounced in Q3, but remains weak, noting the deterioration in Victoria amid stage four lockdown in Melbourne and only a modest improvement in New South Wales.</p>
<p>Victoria was the only state to go backwards in the NAB Residential Property Index, which recovered to -7 points from a survey low of -33 points in Q2. Victoria fell -3 points to a new survey low -53.</p>
<p><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/2020/12/NAB%20by%20state.jpg" alt=""></p>
<p>"Confidence bounced in all states except VIC, where the outlook for prices and rents is now much weaker than in other states," NAB advise.</p>
<p>"With prices softening and interest rates at ultra-low levels, first home buyer levels rose to new highs in both new and established housing markets.</p>
<p>"But coronavirus and border closures may have further impacted foreign buyer numbers, with their numbers halving in VIC and all but disappearing in NSW."</p>
</div>
</div>
</div>
</div>
</body></html>

jrobinson-rf4aSBido9

NAB latest to backflip on forecasts, predict 5% gains in 2021

<html><body>
<div>Interesting figures from SQM Research showed rental vacancies in Melbourne rising to 27,070 in October 2020, due to the lockdown.</div>
<div> </div>
<div>That's a vacancy rate of 4.4 per cent, and well up from only 11,882 rental vacancies a year earlier.</div>
<div> </div>
<div>SQM Research reported that the vacancy rate was most acute in Melbourne's CBD, at 10.6 per cent.</div>
<div> </div>
<div>The 6mMA figures showed that rental vacancies in Sydney have begun to level off.</div>
<div> </div>
<div class="x__Entity x__EType_OWALinkPreview x__EId_OWALinkPreview x__EReadonly_0"><img src="https://1.bp.blogspot.com/-HkllQbH-vBk/X7OJT4rBTZI/AAAAAAAA5XY/m7gdK7ltSz4w5rlcQfWM7Izx4QwyDhUfQCNcBGAsYHQ/s1464/SQM1.jpg" data-imagetype="External"></div>
<p> </p>
<div> </div>
<div>Rental vacancies in Brisbane continued to ease lower, down to 6,912 from 7,950 a year earlier.</div>
<div> </div>
<div>More than 400,000 Australians have returned home this year, which might go some of the way to explaining low rental vacancy rates in Perth, Canberra, Hobart, Adelaide, and Darwin, all of which now have tight vacancy rates of under 1 per cent.</div>
<div> </div>
<div> </div>
<div class="x__Entity x__EType_OWALinkPreview x__EId_OWALinkPreview_1 x__EReadonly_0"><img src="https://1.bp.blogspot.com/-lxv8bsS_t5I/X7OKx-nT9GI/AAAAAAAA5Xk/p54r32aOISct4ihncXbRCTHOKA6JEZw4QCNcBGAsYHQ/s1174/cc.jpg" data-imagetype="External"></div>
<p> </p>
<div> </div>
<div>Consumer confidence lifted again to a 9-month high.</div>
</body></html>

pwargent-M4siyDbqQY

Melbourne rental vacancies rise to 27,000 as lockdown lifts: Pete Wargent

<html><body>
<p>Melbourne estate agents were relieved to be taking people through homes from Monday September 28, as the Andrews government eased lockdown restrictions earlier than anticipated.</p>
<p>And Ray White managed to score an online auction sale on day one, the first since the easing of restrictions.</p>
<p>A Craigieburn home (top) sold under the hammer for $610,000, called by Ray White Craigieburn agent and auctioneer Trish Orrico (below).  </p>
<p><img src="https://www.urban.com.au/images/2020/9/29/Craig%202.png" alt=""></p>
<p>“The online interest for this one was really amazing and virtual inspections also proved very popular,” said<span class="Apple-converted-space"> </span>Ray White Craigieburn agent Daniel Diamantopolous.</p>
<p>“After three private inspections yesterday, we had nine registered bidders – six of whom were active – and a strong online audience of more than 35 people, and the best still yet to come.”</p>
<p>On Monday Ray White Werribee agent Peter Krnjeta managed to take 14 separate prospective home buyers through properties.</p>
<p><span>“We’ve been talking about the pent-up demand for months now, but my phone literally did not stop ringing after the announcement on Sunday – the demand is incredible,” Mr Krnjeta said.</span></p>
<p><span><span>“People have been waiting weeks and weeks for this opportunity and there’s no doubt they’re now seeing a light of the end of the tunnel as transactions can now take place more easily, of course, in a COVID-safe environment.”</span></span></p>
<p>Private inspections for purchase or leasing of Melbourne properties could recommence from 11:59 pm Sunday 27 September 2020.</p>
<p>Real estate auctions will continue to be remote auctions only.</p>
<p>But real estate inspections of property and display home inspections are allowed with one agent and one prospective purchaser.</p>
<div>The prospective purchaser may be accompanied by one other person from an existing household or an intimate partner, and the prospective purchaser or tenant’s children under 18 years old</div>
<div> </div>
<div>Contactless protocols will be required for inspections, including pre-arranged at a set time and limited to 15 minutes.</div>
<div>
<br>A person is not permitted to travel to regional Victoria for a private property inspection, and a person may not travel to metropolitan Melbourne for a private property inspection.</div>
<div> </div>
<div>The 5km rule does not apply when inspecting a house.</div>
<div> </div>
<div>But you can only leave your home for a maximum of two hours to attend the inspection and cannot travel into regional Victoria or from regional Victoria to Melbourne.</div>
<div> <br><br>
</div>
</body></html>

Melbourne

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Melbourne

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News