<p>The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.</p>

<p>Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."</p>

<p>That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.</p>

<p>Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297740]</p>

<p>Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.</p>

<p>The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297741]</p>

<p>The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.</p>

<p>Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297735]</p>

<p>Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.</p>

<p>Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.</p>

<p>[smartcode_project_cta:default project_id=144913]</p>


Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

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


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

<p>The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.</p>

<p>It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.</p>

<p>Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.</p>

<p>While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=68833]</p>

<p>Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.</p>

<p>The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.</p>

<p>"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.</p>

<p>"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.</p>

<p>"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=360215]</p>

<p>One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.</p>

<p>"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.</p>

<p>While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.</p>

<p>"The size of the site is something that would be incredibly difficult to replicate today," she says.</p>

<p>"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=68839]</p>

<p>There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.</p>

<p>As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.</p>

<p>"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.</p>

<p>A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.</p>

<p>The remaining apartments are ready to inspect in person, by appointment.</p>

<p>[smartcode_project_cta:default project_id=6515]</p>


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

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


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

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


Elevated amenity anchors daily life at Aeris, Melrose Park

Auction Market

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<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>
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j.ballantyne1990-6AQqhLzZaK

Bentleigh East again the busiest weekend property auction hotspot

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<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>
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Glen Waverley set as busiest auction suburb this weekend

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<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>
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Brighton tied as busiest election weekend auction hotspot

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<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>
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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>
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Vaucluse set to be busiest Easter week auction suburb

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<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>
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jchancellor-FAypfDUnLy

Richmond set to be busiest weekend auction hotspot

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<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>
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Auctions clearance rates consistently beat private treaty: Dan White

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<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>
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Melbourne's prestige auction results turn awful

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<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>
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Over 1000 Melbourne weekend auctions with Bentleigh East the busiest

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<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>
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<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>
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