<p>Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.</p>

<p>While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.</p>

<p>A new Colliers report, <em>Brisbane 2032 Olympic and Paralympic Games: Creating Solutions</em>, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.</p>

<p>The broader construction pipeline paints an even clearer picture.</p>

<p>Construction Skills Queensland's <em>Horizon 2032</em> report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.</p>

<p>The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.</p>

<p>[smartcode_project:default project_id=150489 project_image_fid=373834]</p>

<p>Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.</p>

<p>"From 2027 onwards, the market will shift dramatically," Scriven said.</p>

<p>"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."</p>

<p>Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.</p>

<p>"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."</p>

<p>[smartcode_project:default project_id=150713 project_image_fid=373827]</p>

<p>Developers are already positioning themselves ahead of that window.</p>

<p>Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.</p>

<p>Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.</p>

<p>The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.</p>

<p>Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.</p>

<p>"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.</p>

<p>"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."</p>


Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

<p>It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.</p>

<p>&nbsp;</p>

<p>Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.</p>

<p>[smartcode_project:default project_id=151449 project_image_fid=357458]</p>

<p>Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.</p>

<p>"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.</p>

<p>"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.</p>

<p>"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."</p>

<p>[smartcode_project:default project_id=151449 project_image_fid=357463]</p>

<p>Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.</p>

<p>Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.</p>

<p>[smartcode_project:default project_id=151449 project_image_fid=357469]</p>

<p>Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.</p>

<p>"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.</p>

<p>"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."</p>

<p>Sherpa recently launched <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>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.</p>

<p>[smartcode_project_cta:default project_id=151449]</p>


Sherpa sells out Flourish Oasis in booming Palm Beach

<p>Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.</p>

<p>The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.</p>

<p>[smartcode_project:default project_id=134951 project_image_fid=368645]</p>

<p>Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.</p>

<p>"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.</p>

<p>"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."</p>

<p>[smartcode_project:default project_id=134951 project_image_fid=358802]</p>

<p>La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.</p>

<p>Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.</p>

<p>The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.</p>

<p>Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.</p>

<p>[smartcode_project:default project_id=134951 project_image_fid=364551]</p>

<p><a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.</p>

<p>Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.</p>

<p>"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.</p>

<p>Following completion of the building later this year, buyers will move into their apartments well before Christmas.</p>

<p>[smartcode_project_cta:default project_id=134951]</p>


La Vera closes in on completion as Macquarie Park continues residential transformation

<p>Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.</p>

<p>More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.</p>

<p>The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.</p>

<p>Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.</p>

<p>Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.</p>

<p>Just 17 of the original 36 dual key apartments remain available.</p>

<p>[smartcode_project:default project_id=135546 project_image_fid=367096]</p>

<p>The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;</p>

<p>The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;</p>

<p>[smartcode_project:default project_id=135546 project_image_fid=363511]</p>

<p><a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;</p>

<p>“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;</p>

<p>“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.</p>

<p>“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;</p>

<p>[smartcode_project:default project_id=135546 project_image_fid=363509]</p>

<p>Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;</p>

<p>The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.</p>

<p><a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;</p>

<p>“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;</p>

<p>“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;</p>

<p>“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;</p>

<p>[smartcode_project:default project_id=135546 project_image_fid=363515]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;</p>

<p>The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.</p>

<p>The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;</p>

<p>Erwin said the dual key concept represented a broader shift in how Australians would live in the future.</p>

<p>“People want homes that can evolve with their lives,” he said.&nbsp;</p>

<p>“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”</p>

<p>Prices currently range from $2,115,750 to $2,583,000.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=135546]</p>


Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

<p>Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.</p>

<p>Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.</p>

<p>The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.</p>

<p>Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.</p>

<p>“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.</p>

<p>“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”</p>

<p>Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.</p>

<p>The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.</p>

<p>He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.</p>

<p>“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”</p>

<p><img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" /></p>

<p>Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.</p>

<p>According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."</p>

<p>The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.</p>

<p>Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.</p>

<p><img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" /></p>

<p>The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.</p>

<p>Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.</p>

<p>The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.</p>

<p><img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" /></p>

<p>"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.</p>

<p>"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."</p>

<p><img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" /></p>

<p>The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.</p>

<p>Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.</p>


First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Auction Market Activity

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<div>EXPERT OBSERVER</div>
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<div>Very cagey auction activity in Sydney, with a preliminary clearance rate of only 44.5 per cent (more like somewhere in the thirties come final). </div>
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<div>The median auction price of a sold house was well down from a year earlier at $1,285,000, reflecting reduced borrowing capacity (mainly for investors rather than homebuyers). </div>
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<div>For units the median price of property sold at auction was up from $900,000 a year earlier to $940,250.  </div>
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<div>But still very muted activity levels overall.<br><br>
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<br><div>Melbourne's clearance rate is also now well under 50 per cent. </div>
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<div><strong><span style="text-decoration: underline;">ALP in the ascendancy</span></strong></div>
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<div>With the Coalition roundly punished by the electorate in the Wentworth by-election for their machinations and tanking to a minority government in the process, property market participants will need to weigh up the potential impacts of changes to negative gearing legislation.</div>
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<div>I'll post an online workshop on this very subject this week, so keep an eye out for that. </div>
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<div><strong><span style="text-decoration: underline;">Tightening</span></strong></div>
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<div>Thanks for the thousand or so Tweets, messages, and pingbacks about record underutilisation and the like - a pleasure as always! </div>
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<div>Yes, it's a problem.</div>
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<div>No, it's not been getting worse.</div>
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<div>Volume measures - reported quarterly on an original basis - have consistently improved year-on-year since 2014...through 2015, 2016, 2017, and 2018 year-to-date.</div>
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<div>All publicly available information from the ABS:</div>
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<div>Yes, there is more work to be done (literally so in this case!).</div>
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<div>The Reserve Bank has noted the same patterns, but still believes that the unemployment rate is the key measure, and that's at the lowest level since 2012.</div>
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<div>No, this won't be reported in left-leaning media<em>, </em>nor for that matter whichever 'recession' blogs you may care to mention.<br><br><em>C'est tout. </em>
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<div>Cheers!<br><br>Very low preliminary auction clearance rates this weekend, under 50 per cent for Melbourne, and just 44 per cent for Sydney.<br><br>It'll be a long, slow run into Christmas from here this year. </div>
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Auctions fizzle out for 2018

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<p>With much the nation having the long weekend public holiday, auction activity across the combined capital cities is set to be subdued this weekend. </p>
<p>Amid the limited listings, some agents succeeded in selling before auction, including <a href="https://www.realestate.com.au/property-house-nsw-riverview-134313290">112 Riverview Street</a>, Riverview.</p>
<p>Belle Property’s Simon Harrison sold the property, which last traded in 2005 for $580,000.</p>
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<p><span>There are 719 capital city homes scheduled for auction this week, according to CoreLogic, down on the 1,082 auctions held last week and lower than the 1,324 last year.</span></p>
<p><span>Across the individual cities, scheduled volumes are set to be lower over the week across all but Perth and Melbourne. However, for both cities the rise is across already extremely low volumes.</span></p>
<p><span>Sydney makes up more than half of the overall scheduled auction volumes, with 473 homes scheduled, off the back the busiest week the city had seen since early April last week (812).</span></p>
<p><span>Melbourne volumes are higher over the week but the city continues to see some of the lowest levels of activity recorded. There are 77 Melbourne homes scheduled for auction, up from 40 last week.</span></p>
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<p>According to Ray White, the Melbourne property deep freeze is over, with numbers set to soar in the coming weeks.</p>
<p>News of eased restrictions has already inspired buyers to list their properties with already 26 Melbourne Ray White auctions scheduled for this week, compared to last week’s four.</p>
<p>The national Ray White Group recorded a 70 per cent Sydney clearance rate last weekend, one of the highest in six months.</p>
<p>An offering in East Ryde, marketed by Ray White’s Barrie Brown, is expected to do well this weekend.</p>
<p>Situated at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=d2QwOW9DWld4TzJhNXgyRWZuQ1hRV1ZETUk5QXRjTUlDWTdNZGNXdmZQdTdZNjAzL2hzYjNsb04xZG1QRGtHRlhoZ2ozbFVLZUQ4ZmJTTkpIMUwvSU5iTnkwUG9ETHBQR0VxUlJZUEUyWjA4UloyVTVQbnVjdXJidExBN05oQXo3M3ZoZG04UENSNVp6THc5a0xkcDErL3EzYVhuMXRYdnROaFZ1SVh0Nkk4PQ==&amp;rh=ff006a241e9e53799580abbb0c4cb9afb1ccc258">2 Rodney St</a>, the three-bedroom home is listed with a price guide sitting at $1.6 million.</p>
<p>"There have mainly been young couples coming to inspections which fits the suburb’s core demographic,” Mr Brown said.</p>
<p>In Queensland near beachside homes are listed for auction this weekend.</p>
<p>A four-bedroom, four-bathroom Mermaid Beach residence.</p>
<p>The tri-level home, located at <a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-134386122">34 Dudley Street</a>, was designed by architect John Campbell and features floor to ceiling windows, an alfresco area and light-filled interiors.</p>
<p><span>Over the same week one year ago,<span> 1,324 homes were taken to auction across the combined capital cities returning a final auction clearance rate of 67.6 per cent, according to CoreLogic. </span></span></p>
<p><span><span>In Sydney last year, just 317 homes went to auction across the city on the week of the long weekend. </span></span></p>
<p><span><span>In comparison, 950 homes were taken to auction over the previous week.</span><br></span></p>
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j.ballantyne1990-6AQqhLzZaK

October long weekend sees subdued auction listings

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<p>Given Melbourne's Moomba long weekend, all of the busiest suburbs for weekend auctions are in NSW with Lane Cove topping the list with 12 homes set to go under the hammer.</p>
<p>It is followed closely by Neutral Bay and Randwick, each with 11 auctions.</p>
<p>There are a total of 1,130 homes scheduled for auction across the combined capital cities, down almost 50% on last week’s final results which saw a total of 2,201 auctions held. </p>
<p><img src="https://www.urban.com.au/images/2019/3/7/Auction%20stats.JPG" alt=""></p>
<p>The lower activity this week is a likely result of half of the auction markets welcoming a long weekend, with Melbourne, Canberra, Adelaide and Tasmania all host to a public holiday this coming Monday.</p>
<p>Notably the biggest decrease in activity is expected to be across Melbourne, with only 199 homes scheduled for auction this week, down by 80.8% on last week when 1,039 auctions were held.</p>
<p>The number of auctions scheduled across Sydney will also see a fall to a lesser degree, with 669 scheduled auctions this week, decreasing from the 801 auctions held last week.</p>
<p>Perth is expected to be the only capital city auction market to see a rise in volumes week-on-week.</p>
<p>One example of the busy auction week in Lane Cove is <a href="https://www.realestate.com.au/property-apartment-nsw-lane+cove-130508598" target="_blank">503/17 Finlayson Street</a> (pictured top).</p>
<p>The one bedroom one bathroom apartment comes with a price guide of $700,000 to $770,000.</p>
<p>Lloyd Allen and Justine Collins of Allen Estate Agents hold the listing.</p>
<p><img src="https://www.urban.com.au/images/2019/3/7/Lane%20cove%202.JPG" alt=""></p>
<p>Another example of the volume of auctions in Lane Cove this week is <a href="https://www.realestate.com.au/property-apartment-nsw-lane+cove-130385674" target="_blank">5/19 Murray Street</a> (pictured above).</p>
<p>The two bedroom one bathroom apartment comes with a price guide of $680,000.</p>
<p>Set on 92 square metres, the unit is positioned on the top floor</p>
<p><img src="https://www.urban.com.au/images/2019/3/7/Lane%20cove%203.JPG" alt=""></p>
<p>A third showcase of the properties going to auction is <a href="https://www.realestate.com.au/property-house-nsw-lane+cove-130355494" target="_blank">5 Cogan Place, Lane Cove</a> (pictured above).</p>
<p>The four bedroom bathroom house comes with no price guide.</p>
<p>It is described as a state-of-the-art family luxury by James Bennett and Baxter van Heyst of Belle Property who hold the listing.</p>
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Lane Cove the busiest auction suburb as public holiday hits volume levels

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<p>For the first time since GFC, Sydney's auction clearance rate has fallen below 40%, according to Domain.</p>
<p>They found Sydney had a revised clearance rate of just 39.4% on 403 reported auctions of the week ending October 20, 2018.</p>
<p>Only <span>$170 million dollars worth of property sold compared to the same period last year when <span>$484 million worth of property sold</span>.</span></p>
<p><span><span>There is still 9.3% unreported.</span></span></p>
<p><span>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/29/Domain%20Auction.JPG" target="_blank">to enlarge.</a></span></p>
<p><img src="https://www.urban.com.au/images/2018/10/29/Domain%20Auction.JPG" alt=""></p>
<p>The consistent recent deterioration had market watchers anticipate auction clearance rates dipping into the 30s. </p>
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<p>SQM's Louis Christopher recently noted three previous times when Sydney auction clearance rates sunk into the 30s.</p>
<p>"That was in October/November 2008 during the GFC, May 2004 after the NSW vendor stamp duty was introduced and July 1989 when the cash rate hit 17 percent."</p>
<p>Melbourne's revised clearance rate was also very low last week at 44.4%.</p>
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<p><img src="https://www.urban.com.au/images/2018/10/29/Darlin.JPG" alt=""></p>
<p>The most expensive sale at auction in Sydney last weekend was <a href="https://www.realestate.com.au/sold/property-house-nsw-darling+point-129472518" target="_blank">13 Etham Avenue, Darling Point</a> (pictured above) which sold after auction for $5 million.</p>
<p>The five bedroom three bathroom home set on a 486 sqm parcel was held by the same family for over 60 years.</p>
<p><span>“We were quoting $5 million, the reserve was $5 million and it sold for $5 million,” selling agent Ben Collier at The Agency said.</span></p>
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Sydney clearance rates dipped into the 30's for the first time since the GFC

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<p class="post-title entry-title">EXPERT OBSERVER</p>
<p class="post-title entry-title">Reduced lending flows continue to stymie property purchases, auction volumes, new car sales, and stamp duty and transfer receipts.</p>
<p class="post-title entry-title">Total annual duty transfer receipts have been holding up due to some large non-residential transactions and off-the-plan settlements from the death throes of the apartment construction cycle.</p>
<div>But both the residential receipts and the leading indicators are now heading to Hades at warp speed, with the most timely available figures suggesting that transaction levels for established property will be at cyclical lows soon enough, if they're not there already. </div>
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<div class="separator"><a href="https://1.bp.blogspot.com/-hiBamvA1EHo/W84moY2DxEI/AAAAAAAAsgM/ch4YS1eF56Am7uOnoVaQeMujZt4_xEzoACLcBGAs/s1600/nsw.jpg"><img src="https://1.bp.blogspot.com/-hiBamvA1EHo/W84moY2DxEI/AAAAAAAAsgM/ch4YS1eF56Am7uOnoVaQeMujZt4_xEzoACLcBGAs/s640/nsw.jpg" width="640" height="366" data-original-height="795" data-original-width="1385"></a></div>
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<div class="separator">The New South Wales economy has been tracking very well in recent times. </div>
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<div>But the key leading indicators are weakening by the month.</div>
<div> </div>
<div>Building permits and dwelling starts are dropping away, and money growth is at quarter-century lows.</div>
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The auction strangler: Pete Wargent

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<p>A total of 20,653 homes went under the hammer across Australia’s combined capital cities in the three months to September 2018 - the lowest volume of auctions recorded in a quarter since the March 2017 quarter.</p>
<p>In the March 2017 quarter 19,241 homes went to auction, according to CoreLogic data.</p>
<p>The September 2018 quarter was down from 25,824 homes auctioned over the previous June quarter, and much lower compared to the 27,953 homes that went to auction in 2017’s September Quarter although there was an extra weekend of auctions which would account for some of the difference.</p>
<p>The combined capital city clearance rate fell to 53.6% over the quarter, down - 4.2% from the previous quarter; making it the lowest quarterly clearance result since December 2012 (50.9%).</p>
<p>CoreLogic analysts noted: "Perth saw the largest increase in clearance rates over the quarter, up 5.7%, followed by Adelaide with a modest 0.1% improvement.</p>
<p>"All other capitals saw the clearance rate drop, with Tasmania recording the largest quarterly fall (down -7.1%), although low volumes in Tasmania means the clearance rate can be volatile.</p>
<p>"Canberra fell -6.6%, followed by Sydney (-5.1%) and Melbourne (-4.6%), while Brisbane showed little change over the quarter (-0.1%)."</p>
<p>The highest clearance rate was recorded over the week ending 22nd July (57.0% across 1,257 auctions), while the lowest clearance rate was recorded over the week ending 30th September (45.8% across 895 auctions).  </p>
<p><strong>Auction market review highlights:</strong></p>
<p><strong>Capital city auction clearance rate &amp; volumes</strong></p>
<table border="0"><tbody>
<tr>
<td>Sydney</td>
<td>50.9%</td>
<td>7,497 auctions</td>
</tr>
<tr>
<td>Melbourne</td>
<td>56.6%</td>
<td>9.629 auctions</td>
</tr>
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<td>Brisbane</td>
<td>42.7%</td>
<td>1,401 auctions</td>
</tr>
<tr>
<td>Adelaide</td>
<td>60.7%</td>
<td>947 auctions</td>
</tr>
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<td>Perth</td>
<td>36.9%</td>
<td>322 auctions</td>
</tr>
<tr>
<td>Tasmania</td>
<td>50.0%</td>
<td>39 auctions</td>
</tr>
<tr>
<td>Canberra</td>
<td>60.3%</td>
<td>818 auctions</td>
</tr>
<tr>
<td>Combined capitals </td>
<td>53.6%</td>
<td>20,653 auctions</td>
</tr>
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<ul>
<li>Highest number of auctions for the quarter across capital city suburbs</li>
<li>Based on total auctions held across the suburb over the reporting period</li>
</ul>
<table border="0"><tbody>
<tr>
<td>Melbourne </td>
<td>Reservoir</td>
<td>175</td>
</tr>
<tr>
<td>Sydney</td>
<td>Randwick</td>
<td>99</td>
</tr>
<tr>
<td>Brisbane</td>
<td>Sunnybank Hills</td>
<td>46</td>
</tr>
<tr>
<td>Canberra</td>
<td>Ngunnawal</td>
<td>30</td>
</tr>
<tr>
<td>Adelaide</td>
<td>Prospect</td>
<td>18</td>
</tr>
<tr>
<td>Perth</td>
<td>Fremantle</td>
<td>8</td>
</tr>
</tbody></table>
<ul>
<li>Highest clearance rate for the quarter by capital city suburbs</li>
<li>Clearance rates are calculated when there has been at least 20 auction results reported over the period</li>
</ul>
<table border="0"><tbody>
<tr>
<td>Canberra</td>
<td>Narrabundah 85.7% (captured results: 21, scheduled auctions: 26, number sold: 18)</td>
</tr>
<tr>
<td>Melbourne</td>
<td>Wheelers Hill 81.4% (captured results: 43, scheduled auctions: 48, number sold: 35)</td>
</tr>
<tr>
<td> Sydney</td>
<td> Bondi 80.6% (captured results: 31, scheduled auctions: 41, number sold: 25)</td>
</tr>
<tr>
<td> Brisbane</td>
<td> Calamvale 47.8% (captured results: 23, scheduled auctions: 23, number sold: 11)</td>
</tr>
</tbody></table>
<p>Across the non-capital city markets, auction volumes fell across all five regions over the September quarter when compared to both the previous quarter and the same time last year.</p>
<p>Clearance rates have fallen over the quarter for the Sunshine Coast (-2.2%) and Geelong (-1.6%), while the Hunter, Wollongong and Gold Coast regions have all seen some improvement when compared to the previous quarter.</p>
<p>Geelong was once again the top performer for clearance rates with a 68.6% success rate across 402 auctions, while the Gold Coast hosted the most auctions over the three months to September 2018 (597).</p>
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Perth auctions notch largest increase in quarterly clearance rate: CoreLogic

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<p>Port Macquarie in New South Wales is set to be the busiest weekend auction suburb, according to CoreLogic.</p>
<p>The suburb nearly 400 kilometres has 25 dwellings set to go under the hammer.</p>
<p>It's followed by a busy Melbourne, where Richmond has 23 scheduled auctions and Camberwell 22.</p>
<p>Melbourne will be the busiest state capital with over 1,500 auctions slated.</p>
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<p><span>The Victorian capital is set to see a significant increase in activity this week after last week saw volumes fall across the city. There are expected to be over the 450 more auctions last week. </span></p>
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<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/15/auctions.jpg" alt=""></p>
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<p><span>Auction activity is set to increase this week across the combined capital cities, with 2,832 properties </span><span>scheduled to go to auction, up from last week’s final </span><span>result of 1,764 auctions held. </span></p>
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<p><span>The number of homes expected to go to auction this week is lower than volumes from over the corresponding week last year, when 2,916 auctions were held.</span></p>
<p><span>One of the priciest homes to go under the hammer in Port Macquarie is a grand family home near Ascot Park (top)</span></p>
<p>The near new home on Black Caviar Parade has a guide of $780,000 to $840,000. </p>
<p>It has four bedrooms, two bathrooms, a study and a swimming pool on its 615 sqm parcel.</p>
<p> </p>
<p><span> </span></p>
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<p> </p>
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jrobinson-rf4aSBido9

Melbourne gets busy again but Port Macquarie auction activity the highest: CoreLogic's auction preview 

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<p>Based on preliminary results over the week ending 16 September, 80.8 percent of commercial auction results cleared, according to CoreLogic's latest market report.</p>
<p>A total of 26 results have been reported so far, down from 46 last week when half of all reported auctions were sold. One year ago, 107 commercial auction results were reported and 56.1 per cent were sold.</p>
<p>A total of 188 commercial auction results have been reported over the four weeks ending 16 September, with 112 sales. Of these 112 sales, 79 were reported with a sale price, totalling just over $162.3 million.</p>
<p><a href="/images/2016/09/23/Auction%20Clearance%20Graph.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/09/23/Auction%20Clearance%20Graph.jpg" alt=""></p>
<p>The table below indicates National Auction Clearance Rate figures.</p>
<p><a href="/images/2016/09/23/Auction%20Clearance%20Table.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/09/23/Auction%20Clearance%20Table.jpg" alt=""></p>
<p><strong> </strong></p>
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