<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
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Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

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.

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.

“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.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“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.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

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.

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.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

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.

The developer is also exploring the potential for additional affordable housing outcomes.

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.

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.

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.

&nbsp;

&nbsp;

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.

“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.”

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.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

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.

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

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.

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.

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.

<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" />

“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.

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.”

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.

<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" />

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.

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.

“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.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

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.

<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" />

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.

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.

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

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.

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.

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.

<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" />

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.

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.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

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.

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.

<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" />

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.

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.

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

Reservoir

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All of the busiest suburbs for auctions on the weekend were in Victoria. Reservoir topped the list with 19 homes set to go under the hammer, followed by Bentleigh East and Mount Waverley with 14 auctions each.
A Reservoir four bedroom house with hopes for over $1 million (above) sold for $1.26 million.
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<a href="https://www.realestate.com.au/property-house-vic-reservoir-128199090" target="_blank">Located at 29 Queen St</a>, Reservoir, the house with city skyline with comes with four generous bedrooms, formal lounge, kitchen/meals with stainless steel cooker and adjoining living room.
Other features include gas heating and ducted evaporative cooling, wood heater (living room), high ceilings, laundry, and large storeroom/kitchenette.
It is within walking distance to buses, Regent Station and Plenty Road trams, local cafes and parks, and Preston Primary School. 
There was a higher sale at $1,332,000 according to the REIV.
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<td>2 Ashton St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/19d3ef48.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Barry Plant</td>
<td> </td>
</tr>
<tr>
<td>36 Callander St, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/560a5051.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
</tr>
<tr>
<td>2/15 Cheddar Rd, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/259295.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>30 Dawson St, RESERVOIR</td>
<td>5</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/9f6c6038.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>23 Kia Ora Rd, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ab4503cd.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>21 Lloyd Av, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/19d3ef48.jpg"></td>
<td>House (Res)</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
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<td>2/6 Mccrae St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/953d8ea5.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Barry Plant</td>
<td> </td>
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<td>27 Moira Av, RESERVOIR</td>
<td>4</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/c492629f.jpg"></td>
<td>House (Res)</td>
<td>Passed in Vendor Bid</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
</tr>
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<td>791 Plenty Rd, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ddd9262b.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Love &amp; Co</td>
<td> </td>
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<td>3/90 Purinuan Rd, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/5e91fe25.jpg"></td>
<td>Unit</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Ray White</td>
<td> </td>
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<td>29 Queen St, RESERVOIR</td>
<td>4</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/9e344320.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>Nelson Alexander</td>
<td> </td>
</tr>
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<td>2/214 Spring St, RESERVOIR</td>
<td>2</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/d6f4f25d.jpg"></td>
<td>Unit</td>
<td>Passed in at Auction</td>
<td>19/05/2018</td>
<td>Stockdale &amp; Leggo Reservoir</td>
<td> </td>
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<td>47 Wattle Gr, RESERVOIR</td>
<td>3</td>
<td><img src="https://reiv.com.au/REIV/propertyimages/prices/ceac3eb8.jpg"></td>
<td>House (Res)</td>
<td>Auction Sale</td>
<td>19/05/2018</td>
<td>LJ Hooker South Morang</td>
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A clearance rate of 64 per cent was recorded on the weekend compared to 63 per cent last weekend and 80 per cent this weekend last year. 
There were 798 auctions reported to the REIV, with 512 selling and 286 being passed in, 153 of those on a vendor bid.
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j.ballantyne1990-6AQqhLzZaK

Reservoir weekend auctions top out at $1,332,000

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All of the busiest suburbs for auctions this week are in Victoria.
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Reservoir tops the list with 22 homes set to go under the hammer, followed by Camberwell with 18 scheduled auctions, while Brighton and Kew will host 16 auctions each.
The priciest listing in Reservoir is an <a href="https://www.realestate.com.au/property-house-vic-reservoir-128139742" target="_blank">Ayr Street home</a> (top) which has a price guidance of $900,000 to $990,000. It hasn't traded for over four decades.
The two level home with five bedrooms last sold in 1976 when it fetched $14,500.
Ray White's Ian Dempsey and John Catanzariti marketed the home as having one of the best views in Reservoir.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/10/auctions_may10.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/2018/5/10/auctions_may10.jpg" alt="">
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The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,055 auctions, down from 2,311 last week. 
Melbourne is the busiest city for auctions this week, with 1,012 auctions being tracked so far, down from 1,144 last week. Sydney has 696 auctions scheduled this week, down from 797 last week. 
Brisbane and Tasmania are expecting to see an increase in auction volumes this week, with Brisbane tracking 146 auctions, up from 127 last week, while Tasmania currently has 9 auctions scheduled, up from 5 last week. 
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jrobinson-rf4aSBido9

Melbourne suburbs dominate as Reservoir tops weekend auction action

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CoreLogic is tracking 2,666 scheduled auctions across the combined capital cities over what is the last week for auction reporting for 2017.
It sits lower than the 2,735 held over the corresponding week last year. 
This is lower than last week’s final results which saw 3,371 auctions held.
Week-on-week activity across Melbourne and Sydney is set to fall as the end of year fast approaches, with a bumper 1,514 Melbourne homes scheduled to go to auction this weekend, down from the 1,833 auctions held last weekend.
Last week was the second busiest week for auctions this year across Melbourne.
In Sydney, there are 664 scheduled auctions this week, decreasing from the 1,007 auctions held last week.
All of the busiest suburbs for auctions this week are in Victoria, topping the list with 32 residential homes set to go under the hammer is Reservoir, followed by Craigieburn (27), Epping (23), and Frankston (23).
The Reservoir offerings include <a href="https://www.realestate.com.au/property-house-vic-reservoir-127037502" target="_blank">21 Locksley Avenue</a> (above), with $650,000 to $700,000 price guidance through McGrath.
There are fewer than a handful of auctions on Saturday December 23.
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Reservoir sees out the 2017 auction year on top

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Melbourne has all of the busiest auctions this weekend, with 22 homes scheduled to go to auction across Reservoir, followed by Doncaster East with 20 scheduled auctions, while Mount Waverley and St Albans will each host 19 auctions.
Reservoir typically tops the list as the nation's busiest auction suburb. There is current an $860,000 median house price,
<a href="https://www.realestate.com.au/property-house-vic-reservoir-126910114" target="_blank">A Gisborne Crescent, Reservoir two bedroom house</a> (pictured above) marketed as having a $700,000 reserve price has gone under contract in pre-auction negotiations.  
It sits on a 600 square metre block.
There are fewer homes scheduled to go to auction across the combined capital cities, after last week recorded the third busiest week for auctions so far this year, according to CoreLogic.
CoreLogic is currently tracking 3,044 capital city auctions, down from the 3,438 held last week and also lower than the 3,207 auctions held one year ago.
Both Melbourne and Sydney, the two largest auction markets are set to host fewer auctions this week compared to last, with 1,520 Melbourne homes scheduled to go to auction and 1,080 scheduled auctions across Sydney, down from the 1,736 and 1,215 auctions held last week respectively.
Brisbane, Perth and Tasmania are all expected to see an increase in activity this week, while there are fewer auctions scheduled in Adelaide and Canberra.
Last week, the combined capital cities saw auction volumes reach their third highest level this year, with a total of 3,438 held, returning a final auction clearance rate of 61.1%.
It represented a slight increase from the week prior when a 60.9% clearance rate was recorded across a slightly lower 3,390 auctions.
One year ago, clearance rates were significantly higher over the corresponding period, with 73.0% of auctions clearing, while the number of auctions held was similar (3,398).
Melbourne’s final auction clearance rate continued to soften last week, with 65.5% of auctions clearing, surpassing the previous low seen two weeks prior when the final clearance rate dropped to its lowest seen since June 2016.
Volumes across the city were virtually unchanged week-on-week, with 1,736 held from 1,732 over the week prior when 66.9% cleared.
In Sydney, the final auction clearance rate recorded its fifth consecutive week below 60%, however week-on-week results saw an increase in both volumes and the final clearance rate, with 1,215 auctions held and 56.8% selling, up from the 54.8% across 1,061 auctions.
Across the remaining capital cities, Brisbane was the only capital city to see an improvement in clearance rate last week.
Of the non-capital city regions, Geelong recorded the highest clearance rate, with 78.3% of the 65 auctions successful.
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Auction numbers in decline - except Reservoir - as summer hibernation closes in

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Reservoir is once again the busiest weekend auction suburb this weekend, according to CoreLogic’s latest report.
The property data firm says that auction volumes will be lower for the first week of spring.
Reservoir in Victoria is the busiest suburb for auctions this week, with 17 homes scheduled to go to auction, followed very closely by Port Macquarie in NSW with 16 scheduled auctions, and Victoria’s Doncaster East and Balwyn North, with 15 and 14 auctions respectively.
The first week of Spring is expected to bring a lower volume of auctions, with 1,899 properties scheduled to go to auction this week across the combined capital cities, falling from last week when final results saw volumes reach their highest level since June (2,270).
While historically auction activity has seen an uplift over Spring, it has been noted in previous years that the first week of September usually sees a lower volume of auctions compared to the week prior.
<a href="https://www.propertyobserver.com.au/images/2017/08/31/Screen%20Shot%202017-08-31%20at%2010.34.43%20am.jpg" target="_blank">Click 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/2017/08/31/Screen%20Shot%202017-08-31%20at%2010.34.43%20am.jpg" alt="">
Results from the corresponding week last year saw 1,899 auction’s held across the combined capital cities, which is the same number of auctions we are currently tracking for this week, although as the week progresses the number of auctions is likely to see some upward revision as results are collected.
The two largest markets of Melbourne and Sydney are both expected to see a decrease in auction activity this week, with 900 properties scheduled to go under the hammer in Melbourne, down -20 per cent from the 1,124 auctions held last week, while Sydney is set to see a fall of -13 per cent, with 725 auctions scheduled this week, down from the 832 held last week.
Across the smaller auctions markets, volumes are to fall across Brisbane, Canberra and Perth week-on-week, with Adelaide the only capital city to see a rise in volumes this week, while activity across Tasmania is expected to remain unchanged.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-126048358" target="_blank">53 Mahoneys Road</a>, Reservoir (above) will go under the hammer this weekend.
A three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-125825470" target="_blank">3/23 Lake Street</a>, Reservoir (below) will also go under the hammer this weekend.
<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/2017/08/31/3_23%20Lake%20Street.jpg" alt="">
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Reservoir to be busiest weekend auction hotspot: CoreLogic

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Bentleigh East and Reservoir in Victoria are the busiest suburbs for auctions this week, with each set to host 17 auctions, followed by Mount Waverley (Vic) with 16 auctions, and Mosman in NSW with 15 auctions scheduled according to CoreLogic.
CoreLogic's latest auction market preview expects a slight increase in auction activity this week across the combined capital cities, with 2,086 properties scheduled to go to auction, up from last week’s final of 2,064 auctions held.
<a href="https://www.propertyobserver.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.22.41%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.22.41%20AM.png" alt="">
"Volumes have remained relatively steady throughout most of July-August, and have continually tracked higher each week when compared to the equivalent week’s last year, however while volumes are to increase this week, this will be the first week since early May where volumes are expected to be lower than what was seen one year ago, with results from last year reporting a slightly higher 2,153 auctions held," CoreLogic reported.
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"Across Melbourne and Sydney, the number of properties scheduled to go to auction this week is set to be higher than last week, with 1,039 and 760 auctions currently being tracked, increasing from last week’s 1,001 and 720 auctions held respectively.
"While the larger markets are to see an uplift over the week, activity across the smaller markets is set to fall by varying degrees, with Adelaide expected to see the most notable decrease in activity down by 32.7 per cent when compared to last week, followed by Tasmania (28.6 per cent), Perth (14.3 per cent), Canberra (10.3 per cent) and Brisbane (7.4 per cent). "
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-126061058" target="_blank">6 Wolai Avenue</a>, Bentleigh East (above) will be auctioned for between $1.1 million to $1.2 million.
A three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-125994938" target="_blank">1E Black Street</a>, Reservoir (below) will be auctioned for between $600,000 to $660,000.
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mick.cee-iDmgDDAmu8

Bentleigh East and Reservoir set to be busiest weekend auction hotspots

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For the second week in a row, Reservoir in Melbourne will be the busiest suburb for auctions, with 15 scheduled this weekend, followed by Mount Waverley (14), St Albans (13), Craigieburn (11) and Greensborough (10), all of the top suburbs for auctions this week are in Victoria.
CoreLogic is currently tracking 1,477 auctions across the combined capital cities.
It is expected that the number of properties scheduled to go under the hammer this week will be lower than the 1,766 auctions held last week, however higher than the 1,391 auctions held over the corresponding week last year.
In Australia’s two largest auction markets of Melbourne and Sydney, activity is lower week-on-week, with 683 homes scheduled to go to auction across Melbourne, down from the 818 auctions held last week, and Sydney set to host 561 auctions, decreasing from 656 auctions last week.
Across the smaller auction markets, it is expected that the remaining capital cities will also see a decrease in volumes this week.
Canberra will see the most notable decrease in activity with 42 per cent fewer auctions scheduled this week compared to the week prior, followed by Tasmania (-40%), Perth (-32%) and Brisbane (-12%), while in Adelaide volumes are only slightly lower (-2%).
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-125756862" target="_blank">107 McFadzean Avenue</a>, Reservoir (above) will be auctioned this weekend for between $650,000 to $695,000.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-reservoir-125756878" target="_blank">6/767 High Street</a>, Reservoir (below) will be auctioned for between $410,000 to $450,000.
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Reservoir again set to be the nation's busiest auction suburb: CoreLogic

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The busiest suburbs for auction this weekend are all in Victoria, with 16 properties scheduled to go to auction in Reservoir, followed closely by St Albans and Mill Park with 14 and 13 auctions respectively, and Craigieburn and Glen Waverley both host to 12 auctions.
Auction activity across the combined capital cities will be slightly subdued this week, with 1,588 auctions currently being tracked by CoreLogic, down from last week’s final result of 2,001 auctions held.
However, activity is expected to be higher than what was seen over the corresponding week last year (1,399).
Looking at each of the individual capital cities, activity is varied week-on-week with Sydney expected to see the most significant fall in volumes over the week, down 29 per cent, while in Canberra volumes are expect to rise by 67 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/07/06/Screen%20Shot%202017-07-06%20at%2011.53.00%20am.jpg" target="_blank">Click 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/2017/07/06/Screen%20Shot%202017-07-06%20at%2011.53.00%20am.jpg" alt="">
Sydney is scheduled to host 600 auctions this week, down from 724 last week, while in Melbourne 728 properties are set to go under the hammer, decreasing from the 801 auctions held last week.
Brisbane, Adelaide and Perth will also see a fall in volumes over the week, with Canberra being the only capital city where volumes will rise, while in Tasmania auction activity will remain steady.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-117355019" target="_blank">23 Acheron Avenue</a>, Reservoir (above) will be auctioned this weekend for between $800,000 to $880,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-125723358" target="_blank">286 Waterview Boulevard</a>, Craigieburn (below) will be auctioned this weekend.
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Reservoir to be the busiest suburb this auction weekend: CoreLogic

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Reservoir in Victoria is the busiest suburb for auctions across the nation this weekend, with 18 properties set to go to go under the hammer, followed closely by Craigieburn (16), and Glen Iris (14) both also in Victoria, and Mosman in NSW with 13 auctions.
This week, CoreLogic is currently tracking 2,172 capital city auctions, decreasing from the 2,444 auctions held last week.
When compared to the same time last year, auction volumes across the combined capitals were only slightly higher, with 2,183 auctions held.
<a href="https://www.propertyobserver.com.au/images/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.59.59%20am.jpg" target="_blank">Click 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/2017/06/22/Screen%20Shot%202017-06-22%20at%2011.59.59%20am.jpg" alt="">
As usual, Melbourne and Sydney are the two busiest capital city auction markets this week, with 969 and 863 auctions scheduled; down from last week’s final result of 1,129 and 927 auction’s held respectively.
Auction activity is expected to be lower week-on week across each of the individual capital cities, with the exception of Tasmania, where volumes will remain relatively steady.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-125626158" target="_blank">40 Locher Avenue</a>, Reservoir (above) will be auctioned this weekend.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-reservoir-125598502" target="_blank">29 Byfield Street</a>, Researvoir (below) will be auctioned this weekend for between $670,000 to $730,000.
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Reservoir set to be busiest weekend auction suburb: CoreLogic

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PRDnationwide nominated three suburbs as its 2017 affordable unit hotspots in Melbourne in its Melbourne Property Hotspots: Second Half of 2016 report for the Victorian capital city.
These were Reservoir, Tullamarine and Murrunbeena:
Reservoir
OVERVIEW
Approx. distance from CBD: 12km
 Median unit price $420,000
• 1 Bed Median Price $310,000
• 2 Bed Median Price $416,000
• 3+ Bed Median Price $550,000
Reservoir is located 12 kilometres north of the Melbourne CBD and is poised to become one of the city’s hottest suburbs in coming years.
Near previous and current hotspots, Macleod and Fawkner, it offers impressive rental yields of 4.2% and a low vacancy rate of 1.7%, presenting attractive opportunities for investors.
Similar numbers are mirrored in the Reservior housing market, putting Reservoir in a prime property position.
This is further supported by the $130.8 million invested in development projects for 2016
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-reservoir-124538202" target="_blank">21A St Vigeons Road</a>, Reservoir (above) has been listed for sale for between $400,000 to $440,000.
Tullamarine
OVERVIEW
Approx. distance from CBD: 17km
Median unit price: $398,000
• 1 Bed Median Price $270,000
• 2 Bed Median Price $327,500
• 3+ Bed Median Price $427,500
Tullamarine continues to be a talking point in the property market.
Consistent median sale price growth combined with a strong rental yield of 4.3%, and a vacancy rate under 1%, makes it easy to see why.
Some $32.2 million of projects are planned for the area and commercial enterprises are a key focus.
In fact, $24.8 million is dedicated solely for the construction of new commercial facilities.
The rising demand for housing in the area is being addressed with $4.7 million allocated for new housing projects.
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-vic-tullamarine-124540270" target="_blank">2/87 Mickleham Road</a>, Tullamarine (below) has been listed for sale for $410,000.
<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/2017/02/02/2_87%20Mickleham%20Road.jpg" alt="">
Murrunbeena
OVERVIEW
Approx. distance from CBD: 13km
Median unit price: $540,750
<ul>
<li>1 Bed Median Price $302,250</li>
<li>2 Bed Median Price $577,750</li>
<li>3+ Bed Median Price $875,000</li>
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The Murrumbeena unit market has fluctuated in recent times but is set to continue on its current path of increasing annual growth, and its position near previous hotspot, Oakleigh.
At the higher end of the affordable spectrum, Murrumbeena is proving to be worth the extra attention as its vacancy rate is at a low 1.5% (well under the Melbourne rate of 2.7%) and records solid rental yields of 3.8%.
The area is well serviced by both bus and rail, and enjoys good access to nearby shopping centres and cafes.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-vic-murrumbeena-123450398" target="_blank">116/41 Murrumbeena Road</a>, Murrumbeena (below) has been sold for $525,000.
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