Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sydney

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Buying outside of capital cities is much cheaper, according to recent Residex/Onthehouse statistics for both houses and units, through to differing degrees.
The biggest gap is between Sydney houses and the rest of NSW country. 
Table 1 – Summary of Results for Major Cities as at March 2015
<a href="https://blog.residex.com.au/wp-content/uploads/2015/05/Table-1_March-Statistics.jpg" target="_blank"><img class="aligncenter size-full wp-image-4107" src="https://blog.residex.com.au/wp-content/uploads/2015/05/Table-1_March-Statistics.jpg" alt="" title="Table 1_March Statistics" width="775"></a>
 
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jchancellor-FAypfDUnLy

Regions starkly cheaper than capital cities: Residex/Onthehouse

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<div>
A Lilyfield home with authentic 1950's kitchen with breakfast nook fetched $1.21 million at weekend auction.
The three bedroom 1900 Federation home on 215 square metre block finishes off the authentic 50s package with Hills Hoist on the rear lawn.
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The <a href="https://www.pilcher-residential.com/4948414/16-Starling-Street-Lilyfield" target="_blank">16 Starling Street offering</a> through Pilcher Residential came with price guidance over $1.05 million.  
There was also attendance by former Prime Minister John Howard who was there filming the 1950s house as part of a documentary on the Menzies era.
No bowl of fruit evident, nor plate of lamingtons or the Daily Mirror newspaper.
"Owned by the same family since 1946, the house is being sold with its vintage furniture included," listing agent Simon Pilcher said.
The buyer was a bit overwhelmed on Saturday as former Prime Minister John Howard was in attendance.
As a bonus for the winning bidder Simon Pilcher donated a copy of John Howard’s book The Menzies Era, which John Howard was kind enough to sign for her.
<img src="/images/2015/05/08/700_Howard.jpg" alt="">
 
<a href="/expert-insights/buying/badgerys-creek-bonanza-showing-up-at-auction-as-sydney-auctions-hover-at-89">Back in Wollstonecraft</a> was the weekend's top auction - not too far from where John and Janette reside.
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1950s Lilyfield $1.21 million million sale - furniture and John Howard attendance thrown in 

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Sydney's clearance rate has remained above 80% for 13 consecutive Saturdays, excluding Easter.
It was at 89.2% today, on initial results, up a tweak on last weekend's initial 89.1%, according to APM.
It was a new high, but it needs to be noted revised results actually put last weekend at 86.5%, a not unexpected reduction that comes with tardy late results from agents who don't like to advise auction failures especially in the current boom markets. 
The median auction sale price was $1.25 million for houses and $785,000 for units, with $486 million in sales secured.
The inner west hosted the most number of auctions with 109, followed by the south with 98.
Blacktown, Earlwood and Wollstonecraft hosted the most number of auctions of any Sydney suburbs this weekend with 10 each.
Overall auction numbers however are slightly down this year with 8258 listings compared to 8400 over the same period last year, Dr Andrew Wilson Domain Group APM's senior economist noted.
A Badgerys Creek two hectare offering at 211-217 Martin Road fetched $2.64 million today.
The two hectares of land included two houses in the vicinity of the proposed second airport.
<div class="w_ad_mbl_rectangle_article-middle">The auctioneer Michael Poulos of Auction Services got bids from four of the seven registered bidders.
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Investors paid $2.64 million (below) through selling agent Mark Bargallie of United Residential &amp; Prestige.
<div class="shared-image" data-rmv-title='data-rmv-url=""data-trk="rich-media-image"'><a class="expanding-image" href="https://image-store.slidesharecdn.com/2b92a018-9e70-4c4e-bcd6-9c0970ae198c-original.jpeg" target="_blank"><img src="https://image-store.slidesharecdn.com/2b92a018-9e70-4c4e-bcd6-9c0970ae198c-original.jpeg" alt="44ADB553-BEF9-4596-B2CA-2881DC050FCA.jpg"></a></div>
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After it was promoted by Rocky Bartolotto at Auction Services as selling at "an incredible $590,000 over reserve price," social media debate followed with property commentator Edwin Almeida suggesting the sale figure suggested "the agent didn't know the value of the land to start of with."
Property Observer has sought agent comment, but it would appear the comments are a little unfair given the tightly held, dynamic market. Perhaps the auctioneer needn't have made such a big issue of the result.
CoreLogic RP Data shows the last Martin Road, Badgerys Creek sale of a two hectare block was at $1.35 million in 2013 and there was a four hectare holding that fetched $1.32 million in 2012.
There has only been the one recorded sale in the past year which was $910,000 for two hectares on Lawson Road.
<img src="https://b.domainstatic.com.au/w800-h600-w1600-h1200-2011879698_1_pi_150330_033054" style="line-height: 1.3em;"> 
The top sale was Clenalla, a 1920s house (above) on level 999 square metre parcel at Wollstonecraft. McGrath agents Annika and Aaron Bongiorno had given $4 million plus price guidance on the house which last traded for $1,322,000 in 1990.
<table style="width: 481px; height: 422px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="2">
<h2>APM Most expensive </h2>
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<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location</th>
<th align="left" width="80">Value Sold </th>
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<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0">10 Tryon Av, Wollstonecraft NSW 2065, 5 br House, </td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$4,450,000</td>
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<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1">40 Anderson Rd, Hawthorn East VIC 3123, 4 br House,</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,820,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2">1d Kyle St, Glenside SA 5065, 3 br House,</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,000,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3">2/680 Jesmond Rd, Fig Tree Pocket QLD 4069, 5 br House, </td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,800,000</td>
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</tbody>
</table>
</td>
</tr>
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<td colspan="2" height="10"> </td>
</tr>
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<td colspan="2">
<h2>APM Most affordable </h2>
</td>
</tr>
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<td colspan="2">
<table style="width: 433px; height: 170px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr bgcolor="#4b9aaf">
<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location </th>
<th align="left" width="80">Value Sold </th>
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<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0">26/44-50 Ewart St, Marrickville NSW 2204, 1 br Unit, L J Hooker Marrickville/Dulwich Hil</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$320,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1">3 Crossley Cr, Coolaroo VIC 3048, 3 br House, Barry Plant Glenroy</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$235,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2">19 Burt Av, Hilton SA 5033, 2 br House, HAR Kiritsis Property</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$411,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3">52 Holborn St, Deception Bay QLD 4508, 4 br House, LJH Redcliffe</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$255,000</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody></table>
<img src="https://images.apm.com.au/images/Public/APM/Content/JournalistNewsletter/apm_tradeJournalist1_HR_bottom.png" width="635" height="33">
 
</div>
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Badgerys Creek bonanza showing up at auction as Sydney auctions hover at 89%

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Auswin TWT has emerged as the $96 million buyer of the Surry Hills Shopping Village.
Located at the corner of Cleveland and Baptist Street, Redfer, the sale reflect a yield of 4.48%.
The local, but Chinese-backed developer Auswin TWT are also converting Tabcorp’s long-standing Sydney headquarters in Ultimo into a $78 million Woods Bagot-designed apartment and retail complex.
The Surry Hills neighbourhood shopping mall is anchored by Coles. The 1.519 hectare site has mixed use zoning and has redevelopment potential for 300 apartments with a ground floor shopping complex.
Property Observer reported it had been sold for around $100 million late last month.
The vendor bought it for $6.3 million 30 years ago when it was a mall on the old Wunderlich factory site.
It was listed through Scott Timbrell and Jeff Moxham of <a href="https://www.realcommercial.com.au/property-land+development-nsw-surry+hills-501482783" target="_blank">Ray White Commercial</a> with a current gross passing income from a number of tenancies of $4.3 million a year.
It was 1992 when the shop owners at Redfern Mall voted to change the name to Surry Hills Shopping Village.
Although the site is technically in Redfern, shop owners believed they were missing out on business because of geographical confusion.
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Auswin TWT spend $96 million in Surry Hills, Sydney

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Sydney's cheapest auction offering sold a week before Saturday's scheduled auction at Cabramatta.
It went for $400,000 through Sam Tea at Richardson &amp; Wrench Cabramatta. There were just nine sales at weekend auction at $500,000 or below.
The 39/65 McBurney Road, Cabramatta apartment was a two bedroom with balcony.
It last sold at $260,000 in 2011 and $216,000 in 2004, and at $98,500 in 2001.
The late 1970s block's previous highest sale was $370,000 in late 2014 for a 68 square metre two bedroom. It was then put out for rent at $310 a week, reflecting around 4.3% rental yield.
It sold in 2001 at $103,000.
Sydney's other sub-$500,000 weekend auction sales were:
7/10 Betts Avenue, Blackhurst, one bedroom unit $460,000
8 Leonard Street, Colyton, three bedroom house $471,000
8/21 Mount Street, Constitution Hill two bedroom house $490,000
18/12 Enmore Road, Newtown studio $460,000
16/13-17 The Strand, Rockdale one bedroom unit $435,000
9/16-18 Roslyn Gardens, Rushcutters Bay studio $432,000
24/543-551 Elizabeth Street, Surry Hills studio $455,000
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Cabramatta had Sydney's cheapest auction offering - what you get for $400,000

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A Lilyfield home with authentic 1950's kitchen with breakfast nook has been listed for 9 May auction.
The 1900 Federation home on 215 square metre block has three bedrooms, the main with window seat.
There are high patterned ceilings and cornices.
Its level back garden finishes off the package with lawn and Hills Hoist
All five minute walk to parks, supermarket and the light rail.
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The <a href="https://www.pilcher-residential.com/4948414/16-Starling-Street-Lilyfield" target="_blank">16 Starling Street offering</a> is being offered through Pilcher Residential with price guidance over $1.05 million. 
"Owned by the same family since 1946, the house is being sold with its vintage furniture included," listing agent Simon Pilcher said.
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On the Saturday, after bidding opened at $1.1 million, an original 1950s home at fetched $1.52 million for a classic 1950s family home in Eastwood.
Marketed as a "quintessential Aussie red-brick house," the three-bedroom home on a 778-square-metre block at <a href="https://www.domain.com.au/property/sold/house/nsw/eastwood/?adid=2011897191">205 North Road</a> had 18 registered bidders.
It last sold at 6400 pounds in the 1960s, reported the SMH's 50s aficionado, Anna Anderson. 
After the buyers - who were accompanied by parents visiting from China - indicated plans to keep and extend, the BresicWhitney agency <a href="https://www.propertyobserver.com.au/https://twitter.com/BresicWhitneyEA/status/595009767317188608" target="_blank">tweeted</a>: New Life: "Red Brick Survivor" passed to the next generation of Aussie families in #Eastwood.<a class="twitter-timeline-link" href="https://t.co/wgSmhR98oi" target="_blank" title="https://ow.ly/MsyTl" rel="nofollow" style="line-height: 1.3em;" data-expanded-url="https://ow.ly/MsyTl"> </a>
The last time interest rates were at current levels was in the 1950s and 1960s. In March 1960 the minimum interest rate applied on loans accepted by authorised dealers on the short term money market was 2.69% with the maximum rate of 3.38% and an implied weighted average rate of 2.70%.
Certainly very low interest rates were common through the 1940s, 1950s and most of the 1960s. For instance in 1952, the 3-month commercial bank deposit rate was just 0.71 per cent and even in 1956 it had lifted to only 1.25%. Housing loan rates held at 5.00% through 1959 and 1960. Trading bank overdraft rates were between 5.00-6.00% in the late 1950s/early 1960s, according to the Commonwealth Bank of Australia Statistical Bulletins.
A key reason why interest rates were low was because wages and prices were under control. In the 1958/59 year, wages rose by 2.5%, retail prices rose by 2.6% and the consumer price index rose by 1.9%, Craig James the chief economist at CommSec once noted. 
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 Knockout original 1950s kitchen in Lilyfield auction

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The Singapore-based Chinese-backed investment vehicle, Bright Ruby has bought the Sydney Hilton Hotel on George Street for $442 million.
Bright Ruby already owns two Sydney office towers, 10 Barrack Street and 231 Elizabeth Street.
Hilton will continue to manage this property, subject to a 50-year management agreement, the company said of the 579-room hotel on George Street. 
Hilton Worldwide chief executive Christopher Nassetta said the company had taken advantage of "attractive pricing".
It was sold at a multiple of 15 times adjusted earnings, before interest, taxes, depreciation and amortisation, on a yield of about 6% through JLL Hotels &amp; Hospitality Group Australasia chief, Craig Collins.
Bright Ruby’s founding Du family are from the Chinese coastal province Shandong.
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Sydney Hilton Hotel sells to Singaporean Bright Ruby

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Sydney recorded an 89% auction clearance rate this week, according to Australian Property Monitors.
Of the 580 auctions reported, 530 sold and 15 were withdrawn.
One that was passed in on Saturday was <a href="https://www.domain.com.au/property/for-sale/house/nsw/sylvania/?adid=2011939600" target="_blank">8 Canberra Road in Sylvania</a> (pictured below), in southern Sydney. Listed by Exclusively Property with a $1.26 million price guide, the four bedroom house was passed in $1,205,000. The 15 year old property remains listed at $1.26 million.
<img src="/images/2015/05/04/sylvania%20may%204.jpg" alt=""> According to listing agent Vanessa White, the vendors are still keen to get $1.26 million for the home.
"And that's their prerogative as the vendor, isn't it," she says. "We're not in the business of giving homes away for free, we've got to try to get the best price."
The single level, four bedroom house sits on a 721 square metre plot.
Another that failed to sell at auction this weekend was <a href="https://www.domain.com.au/property/for-sale/house/nsw/auburn/?adid=2011889186" target="_blank">8 Pine Road in Auburn</a> (pictured above).
The three bedroom house was passed in at its auction on Saturday afternoon. The north-facing, 505 square metre site is zoned R3, which allows medium density redevelopment with the council's consent.
The house has one bathroom, two kitchen and multiple entertaining areas. After failing to sell at auction, it has been relisted at $1,020,000.
Closer to the city, <a href="https://www.domain.com.au/for-sale/104c-wells-street-newtown-nsw-2042-2011895750" target="_blank">104c Wells Street</a> (pictured below), a three bedroom, attached house in Newtown was passed in at $1.29 million. The renovated period house is on a tight 108 square metre site. Listing agent Hugh Mcfarlan of Raine &amp; Horne Chatswood/Willoughby, who marketed the property, tells Property Observer the auction saw competitive bidding, with three active bidders.
While the bidders didn't get to the vendor's desired price under the hammer, the property is currently under contract after negotiations with one of the bidders, with a price above $1.3 million.
<img src="/images/2015/05/04/newtown%20may%204.jpg" alt=""> <a href="https://www.domain.com.au/property/for-sale/house/nsw/chatswood/?adid=2011890153" target="_blank">15 Centennial Avenue in Chatswood</a> (pictured below) was listed with a price guide over $3 million. The four bedroom, two bathroom property comes with development approval for two separate units, with 11 bedrooms total. The north-east facing corner site is located close to Chatswood High School and the railway station.
<img src="/images/2015/05/04/chatswood%20may%204.jpg" alt="">
The home passed in at auction at $3 million. It's understood the vendors have expectations around $3.4 million to $3.5 million, and negotiations are taking place with a bidder who put in a $3.25 million offer. Vendors paid $418,000 for the property in October 1994.
In Bronte, <a href="https://www.realestate.com.au/property-house-nsw-bronte-119412567" target="_blank">144A Hewlett Street</a> (pictured below) was passed in at $5.1 million. The contemporary home by architect Michael Folk has four bedrooms and three bathrooms, with views over Bronte Beach and a swimming pool.
<img src="/images/2015/05/04/bronte%20may%204.jpg" alt=""> Listing agent Simon Exleton of McGrath Edgecliff says bidding opened at $4.8 million, with three registered bidders.
"When you get in the five million range, it starts to get a bit clunky", Exleton says of the premium auction market. The vendors are still negotiating with buyers, hoping for a price in the mid-$5 million range.
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jrichardson-uRX5hFdKfN

The 11% that didn't sell in Sydney auctions

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Sydney's weekend clearance rate has headed even higher to 89%.
On busy weekends during the Autumn selling season, the auction success rate has incrementally risen to regular new record levels.
And APM put Melbourne at 82%.
A home in Sydney's Burwood was the top sale at $3.45 million through Raine &amp; Horne agent Guy Lorello who was giving $2.6 millii plus guidance.
The <a href="https://www.realestateview.com.au/Real-Estate/13-ethel-street-burwood/Property-Details-buy-residential-8557388" target="_blank">five bedroom 13 Ethel Street offering</a> sits on an elevated 854 square metre complete with a north facing rear garden and BBQ gazebo plus a huge three-car garage with internal access.
The block cost $520,000 in 1998, with the house built at least 12 years ago.
<a class="photobox cboxElement" href="https://www.realestateview.com.au/portal/viewphotos?OID=8557388&amp;popup=photos" style="line-height: 1.3em;"><img src="https://images.realestateview.com.au/pics/388/13-Ethel-Street-Burwood-NSW-2134-Real-Estate-photo-1-large-8557388.jpg" alt="13 Ethel Street Burwood NSW 2134 Real Estate Photo 1" title="13 Ethel Street Burwood NSW 2134 House - Photo 1"></a>
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<div id="soldbanner">In Melbourne it was an unrenovated knockdown on <a href="/expert-insights/buying/flight-centres-geoff-harris-extends-wings-on-st-vincent-place-albert-park">Albert Park's exclusive St Vincent Place</a>.</div>
<div> </div>
<div>April's overall auction clearance rate of 83.6 percent was an all-time monthly high for Sydney just ahead of the previous record set in March this year of 82.8 percent.</div>
<div>
Only the Melbourne market of winter 2001 recorded higher auction clearance rates than Sydney is currently experiencing - and only just, APM senior economist Dr Andrew Wilson said.
</div>
<div>Sydney’s red hot auction market took a rest over ANZAC Day last weekend following weeks of recording breaking results which had peaked at 88%.</div>
<div>
The inner west hosted the most number of auctions this weekend in Sydney with 99 followed by the city and east and the upper north shore each with 91, the south 88, and the lower north 62.
The most popular Sydney suburb for auctions was Lane Cove North with 12 followed by Mosman and Epping each with 11.
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<h2>APM's most expensive </h2>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr bgcolor="#4b9aaf">
<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location </th>
<th align="left" width="80">Value Sold </th>
</tr></thead>
<tbody align="left">
<tr id="rpMostExpensive_trMostExpensiveRow_0">
<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0">13 Ethel St, Burwood NSW 2134, 5 br House, R&amp;H Burwood</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$3,450,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1">67 St Vincent Pl, Albert Park VIC 3206, 3 br House, Greg Hocking Holdsworth</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,210,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2">44 Marion St, Unley SA 5061, 3 br House, Belle Property Unley</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,210,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_3">
<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3">15 Sentinel Ct, Cleveland QLD 4163, 5 br House, East Coast Residential &amp; Prestige</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,950,000</td>
</tr>
</tbody>
</table>
 
<h2>APM's most affordable </h2>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr bgcolor="#4b9aaf">
<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location </th>
<th align="left" width="80">Value Sold </th>
</tr></thead>
<tbody align="left">
<tr id="rpMostAffordable_trMostAffordableRow_0">
<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0">34 Katoomba Av, San Remo NSW 2262, 3 br House, R&amp;H Charmhaven</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$317,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_1">
<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1">11 Jacks Wy, Maribyrnong VIC 3032, 4 br House, Rendina Real Estate</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$100,000*</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_2">
<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2">3 Napoleon Ct, Paralowie SA 5108, 3 br House, LJH Walkerville</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$330,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3">2/111 Kingston Rd, Woodridge QLD 4114, 2 br Townhouse, HAR M1</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$166,000 
</td>
</tr>
</tbody>
</table>
APM's price records seemingly dropped a 0, as the property was marketed with $950,000 hopes. 
 
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Sydney's weekend clearance rate heads even higher to 89%

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Sydney's south-west had 2014's highest housing capital growth, according to recent research by Knight Frank/Residex.
It put the region's annual growth at 15.6%, which was higher than the over all 12.9% Sydney metropolitan growth.
The next strongest was the north-west at 14.9% annual growth.
The city and south was the weakest growth region at 10.5% annual growth.
<img src="/images/2015/03/23/syd-mar-23-one.jpg" alt="">
 
<img src="/images/2015/03/23/syd-mar-23-two.jpg" alt="">
 
<a href="/images/2015/03/23/syd-mar-23-three.jpg" target="_blank"><img src="/images/2015/03/23/syd-mar-23-three.jpg" alt=""></a>
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