National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Joel Robinson

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 52-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

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

Auction Market

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The winning $1.2 million bidders of a Chevron Island villa apartment at weekend auction have plans to relocate from their Goulburn, NSW home.

The property was sold by Ray White Surfers Paradise agent Glen Williams, with the three bedroom three bathroom Chevron Riviera villa townhouse (pictured abode) attracting some 25 bids.

It is a three level villa with basement garaging on Stanhill Drive.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/buyer_of_1_chevron_riviera_214_stanhill_drive_chevron_island_noel_hollingworth.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="396" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/buyer_of_1_chevron_riviera_214_stanhill_drive_chevron_island_noel_hollingworth.jpg?itok=VUYnuwtW" width="580"></a></figure>“We’ve been coming up here to the Gold Coast from Goulburn for years and we also have a couple of units up here, so this one is for our retirement,” the buyer Noel Hollingworth (pictured) said.

“It’s always been in our plans to move to the Gold Coast so we’re extremely happy.

“We’ve been looking at a number of properties but this one stood out to us.

"The fact it was on Chevron Island really appealed to us," he said.

The Chevron Riviera complex has four villas.

The offering, with pool and lift, had last sold in 2005 at $750,000. The neighbouring villa had sold in 2017 at $825,000.

South East Queensland is traditionally the busiest auction location for coastal offerings over the Australia Day long weekend. And 2020 didn't miss despite the pandemic.

Buoyed by the booming demand for Gold Coast property from interstate buyers, Ray White Surfers Paradise Group has reported over $40 million worth of property sales at its big weekend auction.

The RWSP CEO Andrew Bell described it as “the best ever."

There were 315 registered bidders for the 90 properties that went under the hammer, with most of the early items selling at between five and 10 per cent over reserve, along with 15 listings selling prior.
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There were 315 registered bidders for the 90 properties that went under the hammer, with most of the early items selling at between five and 10 per cent over reserve

jchancellor

Interstate buyers snap up South East Queensland auction offerings 

There are 2,125 auctions scheduled to take place across the combined capital cities this week, down slightly from last week when 2,168 auctions were held, according to CoreLogic data.

This time last year, a considerably higher 2,912 homes were taken to auction over the same week.

There are 884 Melbourne homes set to go under the hammer this week, a slight decrease on last week’s 909 auctions held, and around 40% below the levels seen last year.

There are currently 913 homes set for auction in Sydney over the week, rising on last week’s 886 auctions held, although lower than the 976 homes taken to auction one year ago.

Across the smaller auction markets, Perth is the only city set to see a rise in activity over the week with 21 auctions set to take place, with scheduled volumes lower in Adelaide (-11.7%), Brisbane (-21%), Canberra (-6.1%) and Tasmania (3 auctions).

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ee19662-2628-45a0-b523-75dbf2eadaa1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/b6aed8b9-5bc4-4c8b-89da-6ba547502947.png?VersionId=rcCDE_8P2ZCb4iPaZDxpozlat2LKEzdo" />

&nbsp;

Mosman took the lead in NSW auction volumes this weekend with 13 homes set to go under the auctioneers gavel, according to SQM Research.

One such property is <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-134802378" target="_blank">14 Dalton Road</a>, (pictured) which saw so much interest that it sold ahead of its scheduled December 5 auction.

The four bedroom, two bathroom abode sits on a 247 sqm plot.

It previously sold for $920,000 in 2009.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="4cdb3b79-8dca-4d66-b5a0-59a85ad1ae53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/e09e2a49-f3a9-409d-a27a-e37339f7a55c.png?VersionId=gpbdRAmDSAX20TO0.ysDHBZyJO3TvbEx" />

Another example of the spread of auctions in Mosman is 1/28 Orlando Avenue.

The two bedroom, one bathroom apartment goes to auction without a price guide.

j.ballantyne1990-6AQqhLzZaK

Sydney takes baton back for first week of December auctions

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There are 1,136 capital city homes scheduled to go under the hammer this week, an expected increase in volumes of 24% on last week.
This is because Sydney is set to have the busiest week for auctions since early April.
The past few weeks has seen Melbourne record the lowest levels of auction activity over a non-seasonal period since CoreLogic commenced auction reporting.
While volumes this week are to remain at these same subdued levels, scheduled volumes are higher over the week with 62 Melbourne homes set to go to auction, up from a mere 11 auctions last week.
Meanwhile across Sydney, the city is set to host the busiest week for auctions since April with 843 homes scheduled for auction, rising on the 677 held last week.
Across the smaller auction markets, Brisbane is expected to hold the most auctions this week (86), followed by Adelaide (71) and Canberra (63).
Meanwhile Perth has 11 auctions scheduled this week and there are currently no auctions scheduled in Tasmania.
<img src="https://www.urban.com.au/images/2019/12/11/CL%20SEPT%2020.JPG" alt="">
The Sydney auction market has proven unstoppable over the past several months, according to Ray White.
Ray White Balmain Agents Chris Williams and Benjamin Martin said First home buyers and downsizers will be lining up at 30 Arthur St, Balmain (pictured above) for an early morning auction. The two-bedroom home has attracted more than 100 groups at inspections.
“This is the first time this house has been offered in 70 years. The late owner bought it from her sister who originally bought it from their mother,” Mr Williams said.
The Balmain home has a buyer’s guide of $1,200,000.
<img src="https://f.datasrvr.com/f1/320/47884/Drummoyne.JPG" width="640" data-imagetype="External">
Across the bridge, Ray White Drummoyne Agent Fiona Hellams has been inundated with buyer interest for 118 Gipps St (pictured above) that has a price guide of $1,700,000. Ms Hellams is expecting a great result come Saturday, after more than 70 groups attended open homes for the three-bedroom house.
“I’m finding that buyers have mainly been from out of the area, looking to get their foot in the door because they see value in Drummoyne,” Ms Hellams said.
The auction will be conducted onsite and online.
In Sydney’s south, Ray White Georges River | St George | Oatley Principal Matt O’Shea is looking forward to the sale of 5/8 Lousia St, Oatley.
Mr O’Shea said the three bedroom home has received plenty of interest and more than 70 individual inspections.
“Because it’s a good-sized villa we’re getting a combination of buyers ranging from downsizers to the other end of the spectrum with young professional couples and small families looking to move into something bigger,” Mr O’Shea said.
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Sydney's busiest auction weekend in five months

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There are 1,206 capital city auctions being tracked by CoreLogic this week, down from 1,326 auctions last week, but higher than this time last year when 1,108 homes were taken to auction.
In Melbourne, 357 auctions are scheduled across the city this week, lower than the 540 auctions scheduled last week, which saw 217 withdrawn from the market according to final figures; a trend that is likely to continue throughout the lockdown period.
There are 611 Sydney homes scheduled for auction this week, up from 594 last week, and higher than the 386 held one year ago.
Across the smaller auction markets, Brisbane is set to hold the most auctions this week (114), followed by Canberra (61), Adelaide (51) and Perth (11). While Tasmania has 1 auction scheduled.
<img src="https://www.urban.com.au/images/2020/7/30/CL%20JULY%2030.JPG" alt="">
On the back of a 60.6 per cent nationwide auction day clearance rate last week, Ray White is preparing itself for another strong weekend of auction action.
A return to online auctions in Victoria has done little to stem buyer confidence and the number of registered bidders for New South Wales properties remain near record highs.
Australasia’s biggest auction house has 183 auctions scheduled to take place this Saturday, a strong 18 per cent increase in the number of auctions scheduled at the same time last year.
One of the highlights is set to be in Waterloo where Ray White Surry Hills Sales Executive Jack McGhee is sending 110 Morehead Street (pictured in title) under the hammer onsite at 10:30am.
“This deceased estate is being offered to the market for the first time in over 50 years and has a buyer’s guide price of $850,000,” Mr McGhee said.
“We’ve had 93 visits to the property during the campaign, we have 28 contracts out, and we’re expecting 12-15 registered bidders to compete on the day."
<img src="https://f.datasrvr.com/f1/420/45463/340_Belmont_Street,_Alexandria,_NSW.JPG" width="640" data-imagetype="External">
Next up, Directors Ercan Ersan and Shaun Stoker send Alexandria’s <a href="https://ecomms.raywhite.com/collect/click.aspx?u=U2F2YWpGbUpkNHhrZVh3aTdtVlVoNUdTNGphaGtvcXNiTWQ2NzRiNkVYeVNpWXNJMWttR0NtY3FITU5rb0xtcnJ1cmYrOGhCVXpUTzlvcDVtZTE4bitqZG1MR2NIMTJvNnRreUJoanVVZ3JMY3g5eXFVeGh0K21XV09KS0Z6enNzZnlFeHYyUUlISnE0cExqdFIyTEpvcGU4RHJMOWJzb05hMm5zNGFtamRvPQ==&amp;rh=ff006618d7c20a7a367488a8aa4888e10176f876" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">340 Belmont Street</a> (above) under the hammer.
 Mr Ersan said, "the property has generated a huge amount of interest with more than 100 groups through the open homes with the home appealing primarily to young couples and families." “From those massive open home numbers we’ve issued nine contracts and we’re expecting to have four bidders registered to compete on the day.” The auction will be called onsite at 9:30am by Ray White Auctioneer James Keenan.
<img src="https://f.datasrvr.com/f1/220/91764/114_The_Avenue,_Canley_Vale,_NSW.JPG" width="640" data-imagetype="External">
The hat-trick is a second builder’s dream, this time in Canley Vale, as Ray White Cabramatta Selling Principal Julie Dang and Sales Agent Binh Huyhn take 114 The Avenue (above) to auction.
“The four-week campaign has been extremely active with more than 55 people through the open homes and even more enquiries for what is essentially land value,” Mr Huyhn said.
“We’ve sent out 18 contracts and we’re expecting 10 registered bidders on the day for a property that’s on one of the best streets in Canley Vale.
“It’s been a 50/50 split of interest between builders and people who want to knock the property down and rebuild with a granny flat on the site as they have one eye on the future,” he concluded.
The auction will take place onsite at 10:30am.
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Sydney auction market remains strong while Melbourne flounders in lockdown

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There are 1,115 capital city auctions being tracked by CoreLogic this week, down from 1,485 auctions last week which can be in part be attributed to school holidays.
However volumes remained higher than this time last year when just 953 homes were taken to auction. 
In Melbourne, 417 auctions are scheduled across the city this week, down from 645 auctions last week, although higher than volumes from the same week last year (388).
There are 538 Sydney homes scheduled for auction this week, down from 644 last week according to final figures, and higher than the 359 held one year ago.
Across the smaller markets, scheduled volumes are set to fall week on week across Adelaide, Brisbane, Perth and Tasmania, while a higher volume of auctions are scheduled in Canberra this week\
<img src="https://www.urban.com.au/images/2020/7/2/Auction%20CL%20July%202.JPG" alt="">
Despite school holidays, Ray White said their auction numbers are holding steady with 175 homes going under the hammer on Saturday.
Particularly busy is Ray White Surry Hills | Alexandria | Glebe | Erskineville where 8 auctions are set to take place. 
Associate Director Matthew Carvalho from the inner Sydney group is auctioning two of those eight with both being called by Ray White NSW CEO Jason Andrew.
First up will be Terrace 9, 269 Trafalgar St, Annandale, (pictured in title) which Mr Carvalho said has attracted both upsizers and downsizers from around Sydney.
“Feedback from buyers has been good and they’re particularly liking the size of the house and that it’s got a double garage plus an extra car space which is almost unheard of in the inner west,” Mr Carvalho said.
<img src="https://www.urban.com.au/images/2020/7/2/Auction%202%20July%202.JPG" alt="">
Later in the day will be 134 Catherine St, Leichhardt (pictured above) which is currently getting interest from first and second home buyers. Mr Carvalho said space is a big factor for these buyers and the three bedroom Leichhardt home ticks that box.
“It’s a good layout on a great size plot of land. The buyers are predominantly a little bit younger - couples or families with one child,” he said.
“They’re coming out of apartments and upsizing for more space and to get into more of a community which Leichhardt offers.”
Despite recent uncertainty, Mr Carvalho also said he is finding that good properties are still in high demand.
“Supply is still so low particularly for free standing homes but we’re finding when they are on the market, prices and demand are quite strong and will continue to be so until inventory begins to spike,” he said.
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School holidays impact otherwise strong auction weekend

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The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 23 homes set to go under the hammer, according to CoreLogic.
Next busiest is Mount Waverley, also in Melbourne, with 19 scheduled auctions.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 2,369 currently being tracked by CoreLogic, decreasing from the 2,590 auctions held last week at final results.
Over the same week, last year a higher 2,701 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see a decrease in activity this week, with 1,100 homes scheduled for auction across Melbourne, while Sydney is set to host 886 auctions, increasing on the 1242 and 947 auctions held last week respectively.
Within the smaller auction markets volumes like Brisbane and Canberra, auction volumes increase week-on-week, while Adelaide, Perth and Tasmania will see fewer auctions.
<img src="https://www.urban.com.au/images/2019/11/22/Auction%20Clearance%20NOV%2022.JPG" alt="">
The dearest home being auctioned off in Reservoir this week, according to RealEstate.com.au is <a href="https://www.realestate.com.au/property-house-vic-reservoir-132323006" target="_blank">5 Frier Avenue</a> (pictured is title).
The three bedroom, one bathroom house is being takent to auction with a price guide of $950,000 - $1,045,000.
It is described in the listing as a "classic Californian with unrivalled Oakhill prestige... with plenty of room to expand (STCA)."
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Reservoir is set to be the busiest auction suburb this weekend

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Auction activity in Sydney is down this week off the back of its its second busiest auction week of the year, with 891 auctions scheduled this week, down 6%
Mosman is tied as the second busiest auction suburb this weekend, and the busiest in Sydney with 17 homes set for the hammer.
The suburb with the most auctions is Mount Waverley, with 21 homes to be auctioned off. There are 1,169 Melbourne homes scheduled for auction this week, with volumes set to rise by 13.3% on last weeks 1,032.
Across the smaller auction markets, auction volumes are set to rise in Adelaide (23.9%), while volumes are down in Brisbane (-21.5%), Canberra (-32.4%) and Perth (-25.5%). Tasmania has 5 scheduled auctions this week.
<img src="https://www.urban.com.au/images/2019/11/14/Auction%20Clearance%20NOV%2017.JPG" alt="">
The dearest auction taking place in Mosman this weekend is for <a href="https://www.realestate.com.au/property-unit-nsw-mosman-132198246" target="_blank">2/23 Moruben Road</a>, a first floor apartment.
Set on 183 sqm, the three bedroom, three bathroom abode holds a sweeping 200 degree view of Sydney Harbour.
Built in 2005, the apartment last sold for $3,350,000 in 2013.
It was last listed as a rental in 2012 seeking $4000/pw, according to CoreLogic and in 2011 it sought $2300/pw.
<img src="https://www.urban.com.au/images/2019/11/14/Mosman%20Auction%202.JPG" alt="">
One of the priciest auctions taking place for a house in Mosman this weekend is <a href="https://www.realestate.com.au/property-house-nsw-mosman-132197142" target="_blank">24 Carrington Avenue</a>.
The three storey waterfront reserve home is like the previous home being just minutes from Mosman village and Balmoral Beach, among other amenities and education facilities.
Last sold for $4.3 million, the home sold under the hammer in November 2016.
The five bedroom, four bathroom home sits on a 597 sqm parcel of land.
<img src="https://www.urban.com.au/images/2019/11/14/Mosman%20Auction%203.JPG" alt="">
Mosman's cheapest property up for auction this weekend is <a href="https://www.realestate.com.au/property-apartment-nsw-mosman-132289206" target="_blank">4/22 Mosman Street</a>.
The one bedroom, one bathroom apartment is set for the auctioneers gavel with a price guide of $575,000.
Last sold for $322,000 the home transacted in 2002.
Positioned within Mosman Towers, which has recently undergone some minor refurbishments, the home encompasses 46.5 sqm.
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Mosman is Sydney's busiest auction suburb this weekend

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EXPERT OBSERVATION
It’s a sellers’ market with low listing volumes putting them in an extremely comfortable position. 
There were very clear and consistent signs of recovery in the market and this turnaround, as well as further improvements in auction clearance results, could lead to an increase in volume.
This week’s preliminary clearance results in Sydney hit just below 85% and in Melbourne were just shy of 80%. 
However, at this stage it appeared, generally, sellers did not feel the rush to list their properties.
Clearance rates in the 80s put sellers in a very comfortable position.
<a href="https://www.propertyobserver.com.au/images/2019/8/26/SYD%20MEL%20auction%20clearance.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/8/26/SYD%20MEL%20auction%20clearance.jpg" alt="">
We are also seeing, from the independent source of the Westpac-Melbourne Institute, significant improvements in consumer sentiment in relation to house price expectations and time to buy a dwelling indices.
In addition, when it comes to auction clearance rates in Sydney and Melbourne, we are seeing very clear signs of recovery.
The trend now is very clear with interim results in the 70s and 80s over the past four weeks and final clearance rates in the 70s for that period. 
This is significantly higher than the clearance rate in the mid 50s a year ago in those capital cities.
A combination of the election results, RBA interest rate cuts with at least one further cut on the horizon, APRA's changes to the floor assessment and tax cuts delivering more funds to households, all contributed to the confidence in the market and, consequently, for higher clearance rates that were also well connected with higher prices. 
<a href="https://www.propertyobserver.com.au/images/2019/8/26/Westpac%20HPE%20index.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/8/26/Westpac%20HPE%20index.jpg" alt="">
The recent auction clearance rates and improved consumer confidence are creating a very clear trend, that will consequently lead to price increases and a rise in volumes, as sellers expect stronger demand for their properties and, therefore, are more confident to put them on the market.
<div>
Basically, what we are seeing is improving confidence, improving clearance rates and improving prices.
In fact, according to CoreLogic data, <a href="https://www.corelogic.com.au/reports/chart-pack" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">in July 2019, dwelling values increased across all capital cities except for Adelaide, Perth and Canberra</a>.
This shows that sellers are in a good position, they see improvement in the market, and they are in control of what happens next.
Generally, both Sydney and Melbourne are performing really well, especially Sydney in recent weeks.
The key thing we are seeing is very consistent and strong results, particularly, but not only, in the high end of market.
In fact, the high end of the market continues to lead the way with extremely strong results in Northern Sydney and Hornsby (91.9%), Sydney Inner West (89.3%) and Northern Beaches (92.6%).
In Melbourne, both Inner Melbourne and Inner East delivered 82.8% and the Inner South 80.5%.
This is a good trend and with the recent rate cuts by the RBA, the high likelihood of another this year, and potentially one in first half of 2020, this are looking extremely positive.
Demand for housing and housing finance are also showing very clear signs of improvement.
With the interest rate falls and recent changes in the floor assessment, combined with serious competition between banks and non-banks making it easier for borrowers, particularly owner-occupiers to refinance and reduce mortgage repayments, there’s negative pressure to sell because vendors see the market recovering.
Often people think if there is low volume, the market it poor and high volume means it’s strong, but that's not necessarily the case. It really depends on the context.
DORON PELEG is CEO of RiskWise Property Research.
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Strong auction results and low listing volumes mean sellers hold the power: Riskwise's Doron Peleg

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The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 12 homes set to go under the hammer, according to CoreLogic.
Next busiest are Brunswick, Craigieburn and Glen Waverley, also in Melbourne, with 9 scheduled auctions each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,012 currently being tracked by CoreLogic, increasing from the 896 auctions held last week at final results.
Over the same week, last year a much higher 1,5936 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see an increase in activity this week, with 480 homes scheduled for auction across Melbourne, while Sydney is set to host 366 auctions, increasing on the 410 and 303 auctions held last week respectively.
Within the smaller auction markets volumes are set to be higher across Adelaide, unchanged in Canberra and lower across Brisbane, Perth and Tasmania over the week.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%201.JPG" alt="">
The busy auction weekend in Reservoir sees <a href="https://www.realestate.com.au/property-house-vic-reservoir-131486362" target="_blank">6 Ida Court</a> (pictured in title) offered.
The property going under the hammer is a three bedroom, one bathroom house with a price guide of $650,000 - $710,000.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%203.JPG" alt="">
Another example of the breadth of auctions taking place in Reservoir is <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-131468426" target="_blank">4/71 Summerhill Road</a> (pictured above).
The property going under the hammer is a two bedroom, one bathroom townhouse with a price guide of $450,000 - $495,000.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%204.JPG" alt="">
A third property going to auction in Reservoir this week is <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-130722394" target="_blank">1/57 Yarra Avenue</a> (pictured above).
The property going under the hammer is a two bedroom, two bathroom townhouse with a price guide of $650,000 - $715,000.
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Reservoir set to be the busiest auction suburb this weekend

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The nation's cheapest weekend auction sale was a three bedroom house in Adelaide that fetched $273,102 which saw the final bids get down to $1 bids.
The auction of <a href="https://www.propertyobserver.com.au/https://raywhitenorwood.com.au/properties/residential-for-sale/sa/parafield-gardens-5107/house/2127046" target="_blank">6 Miller Crescent, Parafield Gardens</a> had 18 registered parties with eight participating bidders.
The pre-auction price guide had been $199,000.
There was a $208,900 reserve for the modest original condition 1960s, three bedroom brick and tile home.
The contest saw the tiny $1 bids just before the hammer dropped at $273,102.
<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/2019/7/15/Parafield%20Gardens%202.jpg" alt="">
"It reflected on the nature the auction, which was a dawn out fight to the finish," Ray White agent Ryan Stapleton said.
"The closing stages became a nail biter," he said.
The auctioneer finally took $1 bids as potential buyers scraped the bottom of their pockets in an effort to secure the home.
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