<p>Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.</p>

<p>For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.</p>

<p>“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”</p>

<p><img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" /></p>

<p>Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;</p>

<p>Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.</p>

<p>“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”</p>

<p>Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.</p>

<p>“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.</p>

<p><img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" /></p>

<p>Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.</p>

<p>“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.</p>

<p>Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.</p>

<p>Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;</p>

<p>Units come in light and dark interior colour schemes.</p>

<p><img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" /></p>

<p>While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;</p>

<p>“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.</p>

<p>Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;</p>

<p>For Wendy, that airport proximity carries practical value.</p>

<p>“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”</p>

<p>Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.</p>

<p>Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.</p>

<p>“It was a bonus that we can rent it out as well as use it for ourselves,” she says.</p>

<p>Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.</p>

<p><img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" /></p>

<p>Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.</p>

<p>With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.</p>

<p>Although Wendy acknowledges the strength of rental demand, her approach remains long term.</p>

<p>“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”</p>

<p>Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.</p>

<p>“We asked around and Safari Group had a good reputation,” she says.</p>

<p>Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.</p>

<p>With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.</p>

<p>For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.</p>


Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

<p>Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.</p>

<p>Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.</p>

<p>The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.</p>

<p><img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" /></p>

<p>In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”</p>

<p>The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.</p>

<p>The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.</p>

<p>Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.</p>

<p><img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" /></p>

<p>The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.</p>

<p>Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.</p>

<p>Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.</p>


Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

<p>Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.</p>

<p>&nbsp;</p>

<p>Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.</p>

<p>The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.</p>

<p>The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.</p>

<p><img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" /></p>

<p>MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.</p>

<p>Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.</p>

<p><img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" /></p>

<p>The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.</p>

<p>In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.</p>


Mathieson Property unveils Dian Rose Bay apartment development

<p>Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.</p>

<p>Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.</p>

<p>Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362610]</p>

<p>Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;</p>

<p>The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;</p>

<p>A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362606]</p>

<p>Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;</p>

<p>Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;</p>

<p>Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.</p>

<p>Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.</p>

<p>[smartcode_project:default project_id=149594 project_image_fid=362633]</p>

<p>The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.</p>

<p>Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.</p>

<p>[smartcode_project_cta:default project_id=149594]</p>


Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

<p>International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.</p>

<p>Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;</p>

<p>Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185858]</p>

<p>The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.</p>

<p>The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=362500]</p>

<p>The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.</p>

<p>&nbsp;</p>

<p>Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=362499]</p>

<p>“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.</p>

<p>“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;</p>

<p>“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185861]</p>

<p>SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.</p>

<p>Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.</p>

<p>[smartcode_project:default project_id=106566 project_image_fid=185852]</p>

<p>“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;</p>

<p>“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;</p>

<p>“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.</p>

<p>“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”</p>

<p>Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.</p>

<p>[smartcode_project_cta:default project_id=106566]</p>


Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

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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pwargent-M4siyDbqQY

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>
</div>
</div>
</div>
</div>
<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>
<p> </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>
<p class="post-body entry-content"> </p>
<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>
<div class="separator"> </div>
<div class="separator">The New South Wales economy has been tracking very well in recent times. </div>
<div> </div>
<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>
<tr>
<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>
<tr>
<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>
</tbody></table>
<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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</div>
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</div>
<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>
</div>
</div>
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</div>
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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>
</div>
</div>
</div>
</div>
<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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