<p data-end="587" data-start="368">Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.</p>

<p data-end="778" data-start="589">The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.</p>

<p data-end="907" data-start="780"><a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.</p>

<p data-end="1052" data-start="909">The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.</p>

<p data-end="1311" data-start="1054">The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.</p>

<p data-end="1451" data-start="1313">The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.</p>

<p data-end="1676" data-start="1453">MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.</p>

<p data-end="1908" data-start="1678">Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.</p>

<p data-end="2142" data-start="1910">The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.</p>

<p data-end="2142" data-start="1910"><img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" /></p>

<p data-end="2308" data-start="2144">MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.</p>

<p data-end="2648" data-start="2310">"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.</p>

<p data-end="2797" data-start="2650">"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."</p>

<p data-end="2938" data-start="2799">The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.</p>

<p data-end="3216" data-start="2940">Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.</p>

<p data-end="3325" data-start="3218">Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.</p>

<p data-end="3442" data-start="3327">"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.</p>

<p data-end="3662" data-start="3444">"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."</p>

<p data-end="3818" data-start="3664">MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.</p>

<p data-end="4076" data-start="3820">"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.</p>

<p data-end="4375" data-start="4078">"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."</p>

<p data-end="4503" data-start="4377">Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.</p>

<p data-end="4741" data-start="4505">"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."</p>

<p data-end="4910" data-start="4743">The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.</p>

<p data-end="4951" data-start="4912">MAYD is targeting an early 2027 launch.</p>


Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
<p data-end="600" data-start="394">Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.</p>

<p data-end="733" data-start="602">But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.</p>

<p data-end="970" data-start="735">Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.</p>

<p data-end="970" data-start="735">[smartcode_project:default project_id=152737 project_image_fid=377679]</p>

<p data-end="1159" data-start="972">The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.</p>

<p data-end="1357" data-start="1161">It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.</p>

<p data-end="3400" data-start="3216">[smartcode_project:default project_id=152737 project_image_fid=377675]</p>

<p data-end="3400" data-start="3216">Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.</p>

<p data-end="1664" data-start="1517">Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.</p>

<p data-end="1826" data-start="1666">Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.</p>

<p data-end="1826" data-start="1666">[smartcode_project:default project_id=152737 project_image_fid=377685]</p>

<p data-end="2045" data-start="1828">Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.</p>

<p data-end="2269" data-start="2047">"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.</p>

<p data-end="2430" data-start="2271">A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.</p>

<p data-end="2606" data-start="2432">It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.</p>

<p data-end="2724" data-start="2608">At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.</p>

<p data-end="2892" data-start="2726">Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.</p>

<p data-end="2892" data-start="2726">[smartcode_project:default project_id=152737 project_image_fid=377680]</p>

<p data-end="3004" data-start="2894">Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.</p>

<p data-end="3214" data-start="3006">"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.</p>

<p data-end="3400" data-start="3216">The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.</p>

<p data-end="3400" data-start="3216">More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.</p>

<p data-end="3670" data-start="3538">&nbsp;</p>

<p data-end="3670" data-start="3538">[smartcode_project_cta:default project_id=152737]</p>

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>


Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

<p>A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.</p>

<p>Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.</p>

<p>Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.</p>

<p>[smartcode_project:default project_id=150999 project_image_fid=374005]</p>

<p>The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.</p>

<p>Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.</p>

<p>Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.</p>

<p>[smartcode_project:default project_id=150999 project_image_fid=374010]</p>

<p>Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.</p>

<p>The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.</p>

<p>“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.</p>

<p>[smartcode_project:default project_id=150999 project_image_fid=374002]</p>

<p>“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”</p>

<p>The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.</p>

<p>[smartcode_project_cta:default project_id=150999]</p>


Maréa Residences brings parkside apartments to Coolangatta

<p data-end="535" data-start="324">Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.</p>

<p data-end="717" data-start="537">The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.</p>

<p data-end="918" data-start="719">The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.</p>

<p data-end="1131" data-start="920">PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.</p>

<p data-end="1131" data-start="920"><img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" /></p>

<p data-end="1318" data-start="1133">Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.</p>

<p data-end="1433" data-start="1320">The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.</p>

<p data-end="1658" data-start="1591">A significant component of The One will be its residential amenity.</p>

<p data-end="1864" data-start="1660">More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.</p>

<p data-end="2011" data-start="1866">The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.</p>

<p data-end="2011" data-start="1866"><img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" /></p>

<p data-end="2191" data-start="2013">The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.</p>

<p data-end="2365" data-start="2193">PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.</p>

<p data-end="2473" data-start="2367">“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.</p>

<p data-end="2775" data-start="2475">“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”</p>

<p data-end="2943" data-start="2777">The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.</p>

<p data-end="3145" data-start="3001">PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.</p>


PDG secures approval for $1.5bn Southbank apartment development, The One

<p>Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.</p>

<p>The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.</p>

<p>That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.</p>

<p>The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.</p>

<p>A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.</p>

<p>&nbsp;</p>

<p>Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.</p>

<p>Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.</p>

<p>While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;</p>

<p>Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.</p>


First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Auction Market

<html><body>
<p>The Melbourne suburb of Bentleigh East is once again host to the highest volume of auctions this weekend, with 11 homes set to go under the hammer, according to CoreLogic.</p>
<p>Next busiest are Northcote and Reservoir, also in Victoria, with 10 auctions scheduled each.</p>
<p>This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 1,201 currently being tracked by CoreLogic, down from the 1,484 auctions held last week at final results.</p>
<p>Both Melbourne and Sydney are expected to see a decrease in activity this week, with 497  homes scheduled for auction across Melbourne, while Sydney is set to host 469 auctions, decreasing on the 635 and 558 auctions held last week respectively.</p>
<p>The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Brisbane and Perth where auction volumes are relatively steady.</p>
<p><img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%204.JPG" alt=""></p>
<p>The busy auction weekend in Bentleigh East, sees <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-131323446" target="_blank">71 Bignell Road</a> (pictured in title) offered.</p>
<p>The property going under the hammer is a four bedroom, two bathroom house.</p>
<p>It comes with an indicative price guide of $1,150,000-$1,190,000.</p>
<p><img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%202.JPG" alt=""></p>
<p>Another example of the breadth of auctions taking place in Bentleigh East is 4A Tambet Street (pictured above).</p>
<p>The property going under the hammer is a four bedroom, three bathroom townhouse.</p>
<p>It comes with an indicative price guide of <span>$1,120,000-$1,170,000</span>.</p>
<p> <img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%203.JPG" alt=""></p>
<p>A third property going to auction in Bentleigh East this week is <a href="https://www.realestate.com.au/property-unit-vic-bentleigh+east-131357494" target="_blank">2/3 Montclair Court</a> (pictured above).</p>
<p>The property going under the hammer is a three bedroom, one bathroom villa. </p>
<p>It comes with an indicative price guide of <span>$620,000 - $670,000.</span></p>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Bentleigh East again the busiest weekend property auction hotspot

<html><body>
<p>The Melbourne suburb of Glen Waverley is host to the highest volume of auctions this weekend, with 18 homes set to go under the hammer, according to CoreLogic.</p>
<p>Next busiest are Coburg and Glenroy, also in Melbourne, with 15 and 11 auctions scheduled each.</p>
<p>This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,418 currently being tracked by CoreLogic.</p>
<p>Marking a rise of 76 per cent on last week’s 805 auctions held last week at final results.</p>
<p><a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/6/13/Subscriber%20strip%20ad.jpg" alt=""></a></p>
<p>Both Melbourne and Sydney are expected to see a big increase in activity this week, with 683 homes scheduled for auction across Melbourne, while Sydney is set to host 505 auctions, increasing on the 215 and 313 auctions held last week respectively.</p>
<p>The smaller auction markets in Brisbane and Perth are seeing a decrease in volumes, while Adelaide and Canberra will see more auctions take place. Tasmania has no scheduled auctions this week.</p>
<p><img src="https://www.urban.com.au/images/2019/6/13/Upcoming%20Auctions%20June%2013.JPG" alt=""></p>
<p>The busy auction weekend in Glen Waverley sees <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-131203234" target="_blank">64 Wilson Road</a> (pictured in title) offered.</p>
<p>The property going under the hammer is a three bedroom, three bathroom house set on 926 sqm.</p>
<p>It comes with an indicative price guide of $1.56 million - $1.7 million.</p>
</body></html>

Glen Waverley set as busiest auction suburb this weekend

<html><body>
<p>The Melbourne suburb of Brighton is host to the highest volume of auctions this weekend, with eight homes set to go under the hammer, according to CoreLogic.</p>
<p>Tied with Brighton are Bentleigh East and Malvern East, also in Melbourne, with an equal number of auctions scheduled, 8 each.</p>
<p>Overall numbers are down given the clash with the Federal election.</p>
<p>This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 868 currently being tracked by CoreLogic, down from the 1,218 auctions held last week at final results.</p>
<p>Over the same week, last year a much higher 2,100 auctions took place across the capital cities.</p>
<p>Both Melbourne and Sydney are expected to see a decrease in activity this week, with 398 homes scheduled for auction across Melbourne, while Sydney is set to host 259 auctions, decreasing on the 546 and 445 auctions held last week respectively.</p>
<p>The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Perth where more auctions are scheduled and Tasmania where there is no change.</p>
<p><img src="https://www.urban.com.au/images/2019/5/16/Upcoming%20auctions%20May%2018.JPG" alt=""></p>
<p>The busy auction weekend in Brighton sees <a href="https://www.realestate.com.au/property-house-vic-brighton-131021202" target="_blank">34 Rusden Street</a> (pictured in title) offered.</p>
<p>The property going under the hammer is a three bedroom two bathroom house.</p>
<p>It comes with an indicative price guide of $1,650,000 - $1,750,000.</p>
<p><img src="https://www.urban.com.au/images/2019/5/16/Brighton%20Upcoming%20Auction%202.JPG" alt=""></p>
<p>Another example of the breadth of auctions taking place in Brighton is <a href="https://www.realestate.com.au/property-townhouse-vic-brighton-131009934" target="_blank">1/31 New Street</a> (pictured above).</p>
<p>The property going under the hammer is a three bedroom one bathroom townhouse.</p>
<p>It comes with an indicative price guide of <span>$900,000 - $990,000.</span></p>
<p><img src="https://www.urban.com.au/images/2019/5/16/Brighton%20Upcoming%20Auction%203.JPG" alt=""></p>
<p>A third property going to auction in Brighton this week is <a href="https://www.realestate.com.au/property-house-vic-brighton-131041874" target="_blank">145 Male Street</a> (pictured above).</p>
<p>The property going under the hammer is a three bedroom two bathroom house. </p>
<p>It comes with an indicative price guide of $2,475,000 - $2,700,000.</p>
</body></html>

Brighton tied as busiest election weekend auction hotspot

<html><body>
<p>The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 16 homes set to go under the hammer, according to CoreLogic.</p>
<p>Next busiest are Coburg and Epping, also in Melbourne, with 12 scheduled auctions each.</p>
<p>This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,384 currently being tracked by CoreLogic, increasing from the 1,026 auctions held last week at final results.</p>
<p>Over the same week, last year a much higher 2,311 auctions took place across the capital cities.</p>
<p>Both Melbourne and Sydney are expected to see an increase in activity this week, with 632 homes scheduled for auction across Melbourne, while Sydney is set to host 503 auctions, increasing on the 498 and 332 auctions held last week respectively.</p>
<p>The smaller auction markets will also see a higher volume of homes auctioned week on week with the exception of Brisbane where fewer auctions are scheduled.</p>
<p><img src="https://www.urban.com.au/images/2019/5/2/May%205%20Auction%20stats.JPG" alt=""></p>
<p>The busy auction weekend in Reservoir sees <a href="https://www.realestate.com.au/property-house-vic-reservoir-130896838" target="_blank">22 Knox Street</a> (pictured in title) offered.</p>
<p>The property going under the hammer is a three bedroom one bathroom house.</p>
<p>It comes with a price guide of $780,000 - $850,000.</p>
<p><img src="https://www.urban.com.au/images/2019/5/2/Reservoir%20May%205%20Auction%202.JPG" alt=""></p>
<p>Another example of the breadth of auctions taking place in Reservoir is <a href="https://www.realestate.com.au/property-unit-vic-reservoir-130951802" target="_blank">3/8 Duffy Street</a> (pictured above).</p>
<p>The property going under the hammer is a two bedroom one bathroom villa.</p>
<p>It comes with a price guide of $510,000 - $550,000.</p>
<p><img src="https://www.urban.com.au/images/2019/5/2/Reservoir%20May%205%20Auction%203.JPG" alt=""></p>
<p>A third property going to auction in Reservoir this week is <a href="https://www.realestate.com.au/property-house-vic-reservoir-129112970" target="_blank">85 Barry Street</a> (pictured above).</p>
<p>The property going under the hammer is a three bedroom one bathroom house.</p>
<p>It comes with a price guide of $550,000 - $600,000.</p>
</body></html>

Reservoir set to be busiest weekend auction hotspot

<html><body>
<p><span>The Sydney suburb of Vaucluse is set to be the busiest place for auctions this Easter week with 7 homes expected to go under the hammer, according to CoreLogic</span></p>
<p><span><span>Next busiest is Sydney’s Rose bay, which has 6 auctions scheduled, followed by Cronulla, Leichhardt and Randwick, also in Sydney, which will be hosting 5 auctions each.</span></span></p>
<p>The Easter long weekend is expected to see a very low number of homes taken to auction, with only 386 scheduled auctions this week across the combined capital cities.</p>
<p>Easter is one of the quietest weeks of the year in terms of auction volumes.</p>
<p><img src="https://www.urban.com.au/images/2019/4/18/Upcoming%20auctions%20APR%2018%202.JPG" alt=""></p>
<p>Over the Easter weekend last year there were 670 homes taken to auction.</p>
<p>Almost 60 per cent of all capital city auction activity is scheduled to take place in Sydney this week (220 auctions), while in Melbourne, just 48 auctions will be held.</p>
<p>118 auctions are scheduled to take place across the remaining capital cities, with 21 of those scheduled to take place in Brisbane and 46 in Adelaide.</p>
<p>Canberra is set to host 35 auctions this week, while Perth is expecting 16 auctions. There are currently no scheduled auctions in Tasmania this week.</p>
<p><img src="https://www.urban.com.au/images/2019/4/18/Upcoming%20auctions%20APR%2018%201.JPG" alt=""></p>
<p>One example of the auctions taking place in Rose Bay this week is <a href="https://www.realestate.com.au/property-apartment-nsw-rose+bay-130752534" target="_blank">6/696 Old South Head Road, Rose Bay</a> (pictured in title).</p>
<p><span>In the suburb adjacent to Vaucluse, this <span>penthouse style two-level apartment atop Kingsview is for sale without a price guide.</span></span></p>
<p><span><span>The three bedroom two bathroom apartment features 1<span>80° district views to the ocean and across Rose Bay golf courses to Bellevue Hill.</span><br></span></span></p>
</body></html>

Vaucluse set to be busiest Easter week auction suburb

<html><body>
<p>The Melbourne suburb of Richmond is set to be the busiest place for auctions this weekend with 21 homes expected to go under the hammer, according to CoreLogic.</p>
<p>Next busiest are Sydney’s Leichhardt, which has 16 auctions scheduled, followed by Maroubra (15) and Mosman (14), also in Sydney.</p>
<p>The weekend auction markets are likely to be interrupted over coming weeks by the school holidays, Easter, and Anzac Day, plus the May 18 Federal election.</p>
<p>Many vendors will schedule either side of the May 18 weekend.</p>
<p>The REIV have noted this weekend (13/14 April) there are 970 Melbourne auctions, then next weekend (20/21 April): 60 auctions. It rises for 27/28 April to 410 Melbourne auctions and again in three weeks’ time (4/5 May) to 550 auctions.</p>
<p><img src="https://www.urban.com.au/images/2019/4/11/CL%20Auction%20Preview%2012-4-19.JPG" alt=""></p>
<p>Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,166 auctions, increasing from both last week (1,976) and this time last year (1,915).</p>
<p>This week is the last week of auctions before the Easter weekend where auctions drop significantly.</p>
<p>Although volumes have increased over the week, they are significantly lower than the week prior to Easter in 2018 when CoreLogic recorded the highest volume of auctions on record (3,990).</p>
<p>Melbourne is expecting to see around 900 homes taken to auction this week, similar to both last week (892) and last year (873).</p>
<p>In comparison, the week prior to Easter 2018 saw 2,071 auctions held across the city.</p>
<p><img src="https://www.urban.com.au/images/2019/4/11/Auctions%20this%20week%20Apr%2011.JPG" alt=""></p>
<p>Sydney is also expecting around 900 auctions this week, increasing from both last week (742) and last year (795). The lead up to Easter 2018 saw 1,383 Sydney homes taken to auction.</p>
<p>Across the smaller auction markets, Adelaide and Brisbane are expecting to see an increase in auction volumes week-on-week, while activity is set to be slightly lower in Canberra and Perth.</p>
<p>Tasmania is not expecting to see a change in auction volumes week-on-week.</p>
<p>The busy auction weekend in Richmond sees <span style="font-size: 12.16px;"><a href="https://www.realestate.com.au/property-house-vic-richmond-130789890" target="_blank">12 Burgess Street</a> </span>(pictured in title) offered.</p>
<p>The property going under the hammer is a three bedroom one bathroom house. </p>
<p>It comes with a price guide of $1,350,000 - $1,450,000.</p>
<p><img src="https://www.urban.com.au/images/2019/4/11/Richmond%20Auction%203.JPG" alt=""></p>
<p>Another example of the breadth of auctions taking place in Richmond this week is <a href="https://www.realestate.com.au/property-apartment-vic-richmond-130777098" target="_blank">107/47 Murphy Street</a> (pictured above).</p>
<p>The property going under the hammer is a two bedroom two bathroom apartment.</p>
<p>It comes with a price guide of $700,000 - $750,000.</p>
<p><img src="https://www.urban.com.au/images/2019/4/11/Richmond%20Auction%202.JPG" alt=""></p>
<p>A third property in Richmond is going to auction <a href="https://www.realestate.com.au/property-townhouse-vic-richmond-130796334" target="_blank">56 Lambert Street</a> (pictured above).</p>
<p>The three storey property going under the hammer is a three bedroom two bathroom house with it's own street frontage.</p>
<p>It comes with a price guide of <span>$1,095,000 - $1,130,000</span>.</p>
</body></html>

jchancellor-FAypfDUnLy

Richmond set to be busiest weekend auction hotspot

<html><body>
<p dir="ltr"><span>EXPERT OBSERVATION</span></p>
<p dir="ltr"><span>Despite the recent easing, auction clearance rates are actually consistent with long term averages and still outweigh the private treaty sales clearance on any given day.</span></p>
<p dir="ltr"><span>I'm concerned the consistent negative commentary on auction clearance rates could lead to fewer vendors supporting the proven method of sales success.</span></p>
<p dir="ltr"><span>This negative commentary is not supported by empirical research, not compared with other sale methods or, apart from the auction clearance rate, never supported by underlying auction metrics.</span></p>
<p dir="ltr"><span>Just as the market sets the property value, the market should also choose the appropriate sale method and not be turned off by this negative commentary.</span></p>
<p dir="ltr"><span>Some analysts had formed the view that auctions don’t work in today’s market using only the "one dimensional auction clearance" numbers reported by the data providers.  </span></p>
<p dir="ltr"><span>The auction day clearance rate is only one part of the equation. In reality, you are three times more likely to get a sale by auction than by private treaty on any given Saturday in some cities.</span></p>
<p dir="ltr"><span>Ray White sells one in every 10 houses in Australia, including more houses in every single price bracket than any other agency group - from affordable stock to harbourfront luxury.</span></p>
<p dir="ltr"><span>The group also sells more property via the auction method, being the listing agent for one in four auction properties across Australasia.</span></p>
<p dir="ltr"><span>As the largest auction house we do not look at clearance rates in isolation, metrics such as properties withdrawn from auction and the market, properties sold prior to auction day, properties sold post auction day are all factored in.</span></p>
<p dir="ltr"><span>Passed In status (ie highest bid), registered and active bidders, number of bids per property and crowd sizes are essential to understanding why auctions are a crucial method of sale and achieve exceptional results.</span></p>
<p dir="ltr"><span>Data providers and analysts do not have the capability to collect these underlying metrics to form a holistic view.</span></p>
<p dir="ltr"><span>Added to this once the Saturday auction and news cycle is completed data providers do not take into consideration properties sold post auction which are still under auction conditions.</span></p>
<p dir="ltr"><span>Many of the group's most successful auction businesses also only auction mid-week and not on Saturdays at all. Many of these large offices regularly clear 70 - 80 per cent of their stock on a Thursday night and will therefore not be counted by the portals on the weekend. </span></p>
<p dir="ltr"><span>Our auction data is robust, rich and importantly complete, and shows us a lot more about buyer sentiment and market conditions than what the third party data collectors announce each Saturday afternoon.</span></p>
<p dir="ltr"><span>While analysts are quick to give their opinions on such limited data, perhaps to meet the demands of the news cycle, it’s unclear on what basis they form extrapolated market views.</span></p>
<p dir="ltr"><span>More concerning is when large institutions, including the Reserve Bank, quote this one dimensional data when explaining interest rate settings. Added to this concern is, data providers collect auction results via antiquated manual collection methods and can be inflated or understated depending on those who choose to respond and response rates. Many choose not to report to third party data providers.</span></p>
<p dir="ltr"><span>While the market has softened, persistent commentary regarding auction results is largely unhelpful to both sellers and buyers based on such thin, unsubstantiated data.</span></p>
<p dir="ltr"><span>In addition to commentators passing judgement on auctions based solely on clearance rate, auction naysayers forget the benefits auctions provide to sellers and buyers being, transparency, timely, immediate feedback, committed buyers and sellers and ultimately an immediate understanding regarding the market value.</span></p>
<p dir="ltr"><span>Certainly there has been a reduction in auction day clearance rates compared to 2017 and early 2018 but auction results are in line with long-term trends despite the negative publicity.</span></p>
<p dir="ltr"><span>Even more importantly, transaction rates at 30, 60 and 90 days for properties marketed under the auction method over the past three months have jumped significantly in all regions in comparison to those marketed any other way.</span></p>
<p dir="ltr"><span>For example, in Sydney over the past 90 days, the Ray White auction clearance rate at 30 days is 48.1 per cent, while the private treaty sale rate is just 16.5 per cent.</span></p>
<p dir="ltr"><span>In Melbourne, the Ray White auction clearance rate at 30 days is currently 46 per cent, while the private treaty sale rate is just 20 per cent.</span></p>
<p dir="ltr"><span>This data is consistent across our residential, commercial and rural property.</span></p>
<p dir="ltr"><span>Market conditions will always fluctuate but the best outcomes for homeowners looking to sell are created by agents maximising competition through auction campaigns.</span></p>
<p dir="ltr"><span>This is just as true and relevant today as it was when the man himself, Ray White, started auctioning in 1902. And that will never change.</span></p>
<p dir="ltr"><em>DAN WHITE (pictured in title) is the Managing Director of the Ray White Group</em></p>
</body></html>

Auctions clearance rates consistently beat private treaty: Dan White

<html><body>
<p>A leading Melbourne buyers' agent Mal James described the weekend Melbourne prestige auction results as "awful."</p>
<p>The agency attended 33 auctions, with only four houses sold, meaning, he suggested, that prices are continuing to fall.</p>
<div id="x_divtagdefaultwrapper" dir="ltr">
<div>"27 of the 33 auctions we covered had zero or one bidder," James said.</div>
</div>
<div id="x_divtagdefaultwrapper" dir="ltr">
<div> </div>
<div>"One or less is not an auction – it’s a charade."</div>
<div> </div>
<div>The Bayside offerings were "holding up surprisingly well .....but Boroondara's Scotch Hill was like a cemetery."</div>
<div> </div>
<div>An auction offering at <a id="LPlnk821905" href="https://www.marshallwhite.com.au/property/64-66-berkeley-street-hawthorn-756872/" target="_blank">64-66 Berkeley Street, Hawthorn</a> (pictured above), with a price guide of $8.7 million to $9.5 million, passed in on a vendor bid of $8.3 million, with no bids.</div>
<div> </div>
<div>The Marshall White marketing said the three level home had a distinctive, vine-clad Mount Gambier limestone facade over two titles.</div>
<div> </div>
<div>"It represented the pinnacle of Scotch Hill living and entertaining," agent James Tostevin suggested.</div>
<div> </div>
<div>There was also an unsuccessful auction five doors away at <a id="LPlnk546864" href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-54-Berkeley-Street-Hawthorn-3122/757534" target="_blank">54 Berkeley Street</a>. It now has a $2,975,000 asking price, having had a $3 million to $3.3 million pre-auction price guide through Jellis Craig.</div>
<div> </div>
<div>Melbourne's top disclosed sale was in South Yarra, where a four bedroom 1920s home was only sold after auction.</div>
<div> </div>
<div>The 5 Gordon Grove offering was sold for $4 million having been passed in at $3.925 million, the only bid after the opening $3.9 million vendor bid.</div>
<div> </div>
<div>The pre-auction price guide had been $3.9 million to $4.29 million.</div>
<div> </div>
<div>There was an undisclosed post-auction sale at South Melbourne where the property was passed in on its only bid of $4.95 million.</div>
<div> </div>
<div>The <a id="LPlnk167861" href="https://www.marshallwhite.com.au/property/46-howe-crescent-south-melbourne-757388/" target="_blank">46 Howe Crescent</a> auction vibe was described as "quiet" by one buyers' agent. </div>
<div> </div>
<div>The price guide had been $5 million to $5.5 million.</div>
<div> </div>
<div>The renovated Hazelwood Terrace offering dates back to its 1864 design by Charles Webb, the architect of the Hotel Windsor.</div>
<div> </div>
<div>There had been an update by Anna Vaughan Architects.</div>
<div> </div>
<div>The highest auction sale in Sydney a house at <a id="LPlnk536597" href="https://chadwickrealestate.com.au/property/house-nsw-wahroonga-10584/" target="_blank">8 Braeside St, Wahroonga</a>, which sold for $5.02 million through Chadwick Real Estate agent Lynette Malcolm.</div>
<div> </div>
<div>Set on almost 2,000sqm of gardens, the double brick five bedroom P&amp;O-style home had 409 sqm of internal living space. There was oversized double lock-up garage designed to house a boat.</div>
<div> </div>
<div>Sydney's next highest sale was <a id="LPlnk615130" href="http://www.ppdre.com.au/selling/NSW/Eastern-Suburbs/Bellevue-Hill/House/1P4474" target="_blank">69A Drumalbyn Road, Bellevue Hill</a> which sold for $5 million through PPD Real Estate.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2019/3/4/Clearance%204-03-2019.JPG" alt=""></div>
<div> </div>
<div>There were fewer capital city homes taken to auction week-on-week and year-on-year, Corelogic noted.</div>
<div> </div>
<div>There were 2,204 capital city homes taken to auction returning a preliminary clearance rate of 55 per cent.</div>
<div> </div>
<div>It was slightly lower than last week’s 2,293 auctions, which was the busiest week so far this year.</div>
<div> </div>
<div>Volumes are significantly lower than the 3,026 homes taken to auction over the same week in 2018.</div>
<div> </div>
<div>"Given the combined capital cities posted another month on month decline in home values in February, its expected vendors will remain reluctant to auction their property while selling conditions remain challenging," Corelogic auction analyst Kevin Brogan noted.</div>
<div> </div>
<div>"Year on year volumes will continue to trend lower throughout the year," he added.</div>
<div> </div>
<div>Melbourne's preliminary auction clearance rate of 54.9 per cent was recorded across 1,046 auctions this week, up from the 50.6 per cent final clearance rate last week when</div>
<div>volumes were 1,128.</div>
<div> </div>
<div>Melbourne had the cheapest property reported sold at the weekend, a two bedroom unit at <a id="LPlnk106300" href="https://www.obrienrealestate.com.au/listing-details/residential/28P0433/" target="_blank">5/562 Pascoe Vale Road, Pascoe Vale</a>, which fetched $241,000 through O’Brien Real Estate. There had been $200,000 to $220,000 price guidance.</div>
<div> </div>
<div>It last sold in 2006 at $168,000.</div>
<div> </div>
<div>There were 799 auctions held in Sydney returning a preliminary auction clearance rate of 61.3 per cent, increasing from the 50.1 per cent final clearance rate last week when 801 Sydney homes were taken to auction.</div>
<div> </div>
<div>Adelaide was the best performing smaller capital with a 47.9 per cent success rate.</div>
<div> </div>
<div>There was 44 percent in Canberra and 33 percent in Perth.</div>
<div> </div>
<div>Brisbane was the weakest performing auction market with only 32.9 per cent of homes selling.</div>
<div> </div>
<div>Brisbane saw a post-war house on 810 square metres at<a id="LPlnk116377" href="https://www.domain.com.au/55-alderley-avenue-alderley-qld-4051-2014925055"> </a>Alderley<a id="LPlnk383241" href="https://www.domain.com.au/55-alderley-avenue-alderley-qld-4051-2014925055"> </a>sell for $1,015,000.</div>
<div> </div>
<div>There were nine registered with the opening bid at $915,000 for the tenanted <a id="LPlnk313714" href="https://www.propertyobserver.com.au/https://raywhitealderley.com.au/properties/residential-for-sale/qld/alderley-4051/house/2045272" target="_blank">55 Alderley Avenue</a>.</div>
<div> </div>
<div>It was a $355 rental in 2015. </div>
</div>
</body></html>

Melbourne's prestige auction results turn awful

<html><body>
<p>This week, the busiest suburb for auctions is in Victoria where Bentleigh East has 20 homes scheduled for auction.</p>
<p>Followed by Craigieburn also in Victoria with 17 scheduled auctions, while St Ives (NSW) and Bentleigh (Vic) each have 15 auctions scheduled.</p>
<p>The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,285 auctions, down from the 2,631 held last week.</p>
<p>Melbourne is set to see a lower volumes of auctions take place over the week, with 1,101 being tracked so far, decreasing from last week when 1,283 auctions were held across the city and much lower than 12 months ago when 1,630 homes went under the hammer.</p>
<p>In Sydney, 695 homes are currently scheduled for auction this week, down from 870 last week and lower than the same week last year when 708 auctions were held across the city.</p>
<p>Across the smaller auction markets, the number of homes scheduled for auction this week are lower in Brisbane and Canberra, while Adelaide, Perth and Tasmania are expected to see a higher number of auctions take place.</p>
<p><img src="https://www.urban.com.au/images/2018/12/13/Auctions%20this%20week%20Dec%2013.JPG" alt=""></p>
<p>Indicative of the auction numbers in Bentleigh East is 11 Argyle Street, Bentleigh East (pictured in title).</p>
<p>This three bedroom one bathroom house has an indicative price guide of $1 million - $1.1 million.</p>
<p>Set on 610 sqm the property is situated within walking distance of shops, cafes and public transport links.</p>
<p><img src="https://www.urban.com.au/images/2018/12/13/Bentleigh%201.JPG" alt=""></p>
<p>Another example of the volume of properties going to auction in Bentleigh East is 5/36 Browns Road, Bentleigh East (pictured above).</p>
<p>The one bedroom one bathroom apartment comes with a price guide of $295,000 - $324,500.</p>
<p>Set on 50 sqm the apartment is noted in the listing as "brand new."</p>
<p><img src="https://www.urban.com.au/images/2018/12/13/Bentleigh%203.JPG" alt=""></p>
<p>Another property indicative of the busy auction week is 49B Elizabeth Street, Bentleigh East (pictured above).</p>
<p>This three bedroom two bathroom townhouse goes to auction with a price guide of $750,000 - $800,000.</p>
<p><span>Located minutes from Centre Road's cafe and shops the property is also close to public transport links.</span></p>
</body></html>

Over 1000 Melbourne weekend auctions with Bentleigh East the busiest

<html><body>
<p>There were 2,384 auctions held across the capital cities, returning a preliminary auction clearance rate of 46.8 per cent.</p>
<p>The average national clearance rate continued to track below 50 per cent for the seventh consecutive weekend.</p>
<p>"Given this week’s preliminary result is the lowest we’ve seen yet, it’s likely that as final results are collected, this week’s final clearance rate could come in lower again, potentially nudging the low 40 per cent range," CoreLogic auction analyst Kevin Brogan said.</p>
<p><img src="https://www.urban.com.au/images/2018/11/12/CL%2012-11%20table.JPG" alt=""></p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p><span>"This is a considerably softer trend to what was seen over the same period last year when clearance rates were tracking around the low-mid 60 per cent range," he said.</span></p>
<p><span>The national weakening saw every capital cities sit below 50 percent, lead by</span> Melbourne and Sydney who have accounted for 83 per cent of all auctions held so far this year.</p>
<p>Volumes were relatively steady across Sydney week-on-week with 830 auctions held, up on the 813 held last week.</p>
</div>
<div class="column">
<p>The nation's top auction sale was Lakonia at Chiswick where <a href="https://www.realestate.com.au/property-house-nsw-chiswick-129465038" target="_blank">29 Hezlet Street </a>(below) sold through <span>Fayez Yammine at </span>Devine Real Estate for $5.95 million.</p>
<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/2018/11/12/chis.jpg" alt=""></p>
<p><span>The price guide for the five bedroom home set on the Parramatta River had been $5.5 million.</span></p>
<p>The property which attracted six registered bidders was passed in at $5.7 million who then shortly after lifted their offer by $250,000.</p>
<p>Sydney's auction clearance rate is heading toward a 30-year low, according to Domain, which had its preliminary clearance rate at 41 percent.</p>
<div class="column">
<p>Melbourne had a preliminary clearance rate of 48 percent, with 1,141 auctions held across the city.</p>
</div>
<p>It's top sale was at Glen Iris.</p>
<p>Koonwarra (below), at <a href="https://www.realestate.com.au/sold/property-house-vic-glen+iris-129602270" target="_blank">29 Dorrington Avenue</a>, fetched $3.85 million.</p>
<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/2018/11/12/glen1.jpg" alt=""></p>
<p><span><span>The single level residence was available for sale for the first time since it was built in 1921.</span></span></p>
<p>The price guidance had been $3.5 million to $3.75 million. </p>
<p>There was just the one bidder when a vacated timber Port Melbourne cottage (top) offering sold for $860,000, which reflected a loss on its prior sale.</p>
<p>A builder made an $810,000 bid and secured its post-auction.</p>
<p>The price guidance had been $800,000 to $880,000 for the property marketed as a blank canvas.</p>
<p>There had been a $964,000 sale of the one-bedroom cottage at <a href="https://www.realestateview.com.au/real-estate/58-station-street-port-melbourne-vic-3207/property-details-buy-residential-12175455/" target="_blank">58 Station Street</a> in June last year.</p>
<p> </p>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">29 Hezlet St, Chiswick NSW 2046, 5 br House, Devine Real Estate Drummoyne</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$5,950,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">29 Dorrington Av, Glen Iris VIC 3146, 4 br House, Jellis Craig Stonnington</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$3,850,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">56 William St, Norwood SA 5067, 3 br House, Klemich Real Estate - RLA174424</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,088,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">24 Garema St, Indooroopilly QLD 4068, 4 br House, Plum Property</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,805,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">47 Barrallier St, Griffith ACT 2603, 4 br House, Peter Blackshaw Real Estate Manuka</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$2,650,000</td>
</tr>
<tr>
<td colspan="2">
<p>Most affordable</p>
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">28 Bancroft St, Oakhurst NSW 2761, 3 br House, Ben Price Estate Agents</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$440,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/414 Blackshaws Rd, Altona North VIC 3025, 2 br Villa, Jas Stephens</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$259,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">16 Atlanta Av, Ingle Farm SA 5098, 3 br House, LJH Walkerville | Modbury</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$370,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">31 Arrakune Cr, Kallangur QLD 4503, 3 br House, LJH Kallangur</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$396,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">48 Boult Pl, Melba ACT 2615, 2 br House, Luton Properties - Kippax</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$392,500</td>
</tr>
</tbody></table>
<p><span> Source: Domain</span></p>
<p><span> </span></p>
<p>Adelaide recorded a preliminary auction clearance rate of 47.5 per cent, while in Perth only 20 per cent of auctions cleared.</p>
<p>Canberra, which had a 45 percent success rate, had its top sale in Griffith at $2.65 million.</p>
<p>The <a href="https://www.realestate.com.au/property-house-act-griffith-129623922" target="_blank">47 Barrallier Street offering</a> was a two-level modern home with three metre high ceilings.</p>
<p>The nation's cheapest weekend sale was a two bedroom villa at <a href="https://www.realestate.com.au/property-villa-vic-altona+north-129591898" target="_blank">3/414 Blackshaws Road, Altona North</a>.</p>
<p>The Melbourne offering fetched $259,000 having been listed with $240,000 to $260,000 hopes.</p>
<p>It last sold at $70,000 in 1990.</p>
<p>It was a $210 a week rental in 2013.</p>
<p> </p>
<p><span> </span></p>
</div>
</div>
</div>
</div>
</body></html>

Auction Market

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auction Market

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News