<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>Wollongong was in the bottom three when it came to clearance rates at auction this weekend, with a rate of just 38 percent.</p>
<p>Around 32 properties went to auction in Wollongong, however, only 10 sold of the 26 confirmed results.</p>
<p>Overall, auction activity picked up over the week with 2,119 homes taken to auction.</p>
<p>There was an increase in auction volumes over the week with 2,119 homes taken to auction across the combined capital cities, up from 1,851 over the previous week although lower than this time last year (2,519).</p>
<p>Preliminary results show a clearance rate of 49.8 per cent across the combined capital cities, up from 47.0 per cent last week, however much lower than 12 months ago (64.7 per cent), marking the 4th consecutive week where the clearance rate has been below 50 per cent.</p>
<p>Properties caught up in low clearance rate in Wollongong included <a href="https://www.realestate.com.au/property-townhouse-nsw-wollongong-129269514" target="_blank">11/3 New Dapto Road, Wollongong</a>  (pictured above) which did not sell.</p>
<p>The three bedroom two bathroom townhouse set over two story's features a double lock up garage.</p>
<p>With a price guide of $725,000 to $750,000, the 224 sqm home last sold in 2002 for $365,000.</p>
<p><img src="https://www.urban.com.au/images/2018/10/22/Wool%202.JPG" alt=""></p>
<p>Another home that didn't succeed was <a href="https://www.realestate.com.au/property-house-nsw-balgownie-129423138">21 New Mount Pleasant Rd, Balgownie</a> (pictured above).</p>
<p>Set on 980 sqm the four bedroom two bathroom home features a wraparound balcony.</p>
<p>The price guide for the home was $1,050,000 to $1,150,000.</p>
<p><img src="https://www.urban.com.au/images/2018/10/22/Wool%203.JPG" alt=""></p>
<p>However a home that did manage to sell in Wollongong is <a href="https://www.realestate.com.au/sold/property-house-nsw-figtree-129435162" target="_blank">14 Camden Grove, Figtree</a> (pictured above).</p>
<p>The four bedroom two bathroom hope is close to the Wollongong CBD.</p>
<p>Last sold in $705,000 for 2016 the home sold for $750,000, showing some price growth.</p>
<p>This was an appreciation of 3.14% annually.</p>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Wollongong's 38 percent weekend auction clearance rates

<html><body>
<p>There were 669 auctions held in Sydney returning a preliminary auction clearance rate of 60.8 per cent, according to CoreLogic,compared to 57.5 per cent across 787 last week, and 74 per cent across 1,075 auctions one year ago.</p>
<p>Sydney's top sale was $4.86 million in Fairlight. The <a id="LPlnk188840" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-fairlight-128147582" target="_blank" rel="noopener noreferrer">58/1 Lauderdale Avenue apartment offering</a> (above) through Stone Real Estate agent Adam Moore was for the first time since construction three decades ago.</p>
<p>The four bedroom, four bathroom penthouse came with 436 sqm space. The price guide for the harbourfont home was $4 million to $4.4 million.</p>
<p>It last sold at $735,000 in 1987.</p>
<p>There were 2,089 homes taken to auction nationally across the combined capital cities, returning a preliminary auction clearance rate of 60.3 per cent.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.jpg" target="_blank">to enlarge.</a></p>
<p><a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.jpg" 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/2018/5/21/capitals_may21.jpg" alt=""></a></p>
<p>Last week, 2,279 auctions were held and the final clearance rate dropped to 58.2 per cent, the lowest clearance rate seen since December 2015.</p>
<p>Over the same week last year, auction volumes were higher with 2,824 homes going under the hammer across the combined capital cities, returning a clearance rate of 73.1 per cent.</p>
<div title="Page 1">
<div>
<p>In Melbourne, Australia’s largest auctionmarket, a preliminary auction clearance rate of 64.2 per cent was recorded across 1,028 auctions this weekend, up from 59.8 per cent across 1,099 auctions last week, the lowest clearance rate the city has seen since Easter 2014.</p>
<p>One year ago, the clearance rate was a stronger 77.9 per cent across 1,326 auctions..</p>
</div>
<div>
<p>Melbourne's top sale was in Malvern East.</p>
</div>
</div>
<p>Kilburn, the five bedroom, four bathroom home on 920 sqm at <a id="LPlnk440955" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/56-kerferd-street-malvern-east-vic/property-details-buy-residential-11799951/" target="_blank" rel="noopener noreferrer">56 Kerferd Street</a> (below), fetched $6.11 million through Thomson agent John Chartres.</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/2018/5/21/kilburn.jpg" alt=""></p>
<p>It was marketed as showcasing "a remarkable sense of refined luxury throughout three brilliantly conceived levels."</p>
<p>Its price guidance was $5.5 million to $6.05 million, with it announced on the market at $6.025 million.</p>
<p>There were two bidders.</p>
<p>It last sold in 2003 at $1,375,000.</p>
<p>Melbourne's cheapest sale was a retirement villa at Frankston. The <a id="LPlnk878112" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/10-4-6-foot-street-frankston-vic/property-details-buy-residential-11805063/" target="_blank" rel="noopener noreferrer">10/4-6 Foot Street offering</a> (below) fetched $288,000. There had been $275,000 to $300,000 price guidance on the late 1990s two bedroom single storey unit. It last sold at $169,000 in 2007.</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/2018/5/21/foot%20st.jpg" alt=""></p>
<div title="Page 1">
<p>Across the smaller auction markets, preliminary results show that Canberra was again the best performing with a 66.2 per cent success rate across 79 auctions.</p>
<p>Its top seller was at Red Hill where $1.58 million was paid for <a id="LPlnk558662" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-act-red+hill-128155210" target="_blank" rel="noopener noreferrer">3 Golden Grove</a>, an early 1960s four bedroom, two bathroom brick home. It was offered for the first time in over 50 years.</p>
<p>The nation's cheapest auction result was $273,000 through Ray White for 17 Ashvale Street, Kingston, a three bedroom Brisbane home needing a renovation situated on a flat 607 sqm parcel.</p>
</div>
<p>It last sold at $259,000 in 2016 and at $230,000 in 2013.</p>
<p>Brisbane's top sale was at Paddington. It was an unrenovated 1912 Queenslander on 1000 sqm that sold through Place agent Andrew Degn who the Courier Mail advised had eight buyers register to bid on <a id="LPlnk56250" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-paddington-128163226" target="_blank" rel="noopener noreferrer">77 Tooth Avenue, Paddington</a>. It sold for $1.92 million, having been in the family for over 100 years. </p>
<p>There was also a newly renovated 1930s Queenslander at <a id="LPlnk670208" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-128213294" target="_blank" rel="noopener noreferrer">25 Runic Street</a> that fetched $1.75 million through Degn.</p>
<p>It last traded at $625,000 in 2011.</p>
<p>There was a $2.6 million sale at Hollywell on the Gold Coast when a deceased estate went to auction.</p>
<p>"This property was handpicked from the initial subdivision plans 40 years ago," the marketing for <a id="LPlnk563326" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-hollywell-128092498" target="_blank" rel="noopener noreferrer">2 Sapphire Street</a> advised.</p>
<p>It came with 1058 sqm Broadwater frontage.</p>
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Fairlight penthouse tops Sydney weekend auction results

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<div>Auction activity remained relatively steady across the capital cities this weekend, with a total of 1,746 homes taken to market.</div>
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<div>Though estate agents report that prices are turning lukewarm.</div>
<div> </div>
<div>With school holidays recently underway, many of the weekend offerings were in seaside localities before the onset of the winter hibernation.</div>
<div> </div>
<div>At Blairgrowrie (above), there was a $550,000 sale of one of the Mornington Peninsula’s original holiday homes.</div>
<div> </div>
<div>Set among tea trees, the one bedroom weatherboard at <a id="LPlnk378485" href="https://www.realestate.com.au/property-house-vic-blairgowrie-127984398" target="_blank">424 Melbourne Road</a> had been listed with a $545,000 to $599,500 price guidance.</div>
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<div>It last sold at $49,000 in 1998.</div>
<div> </div>
<div>At Ettalong Beach on the NSW Central Coast, <a id="LPlnk162968" href="https://www.realestate.com.au/sold/property-house-nsw-ettalong+beach-127952406" target="_blank" rel="noopener noreferrer">a three bedroom brick house at 96 The Esplanade offered</a> for the first time in four decades was snapped up pre-auction for $1.65 million.</div>
<div> </div>
<div>A three bedroom Main Beach apartment was sold for $580,000. Set in The Meriton, the apartment at <a id="LPlnk122373" href="https://www.realestate.com.au/property-apartment-qld-main+beach-127875822" target="_blank" rel="noopener noreferrer">7/29 Woodroffe Avenue</a> last traded in 1998 at $240,000.</div>
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<div>Ray White Queensland conducted 50 auctions on the Gold Coast to leverage off the Commonwealth Games hype. </div>
<div> </div>
<div>Around a quarter were sold.</div>
<div> </div>
<div>The sales included a $3.93 million five-bedroom home at <a id="LPlnk611392" href="https://www.realestate.com.au/property-house-qld-sovereign+islands-127845274" target="_blank">15 Queen Anne Court, Sovereign Islands</a> which is under offer (below).</div>
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<div> <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/2018/4/23/sov.jpg" alt="">
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<div>The national success rate of 63 per cent increased from last week’s final clearance rate which saw the lowest result so far this year at 61.7 per cent from 1,915 auctions.</div>
<div> </div>
<div>
<div>CoreLogic noted units outperformed houses, with 65 per cent of units finding buyers compared to a cooling 62 per cent success rate for houses.</div>
<div> </div>
<div>Click here to enlarge.</div>
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<div><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/2018/4/23/auctions.jpg" alt=""></div>
<div> </div>
<div>
<div>Melbourne saw a total of 905 auctions take place this weekend, returning a 63 per cent preliminary clearance rate, with the inner east again the weakest region with just 48 percent finding buyers.</div>
<div> </div>
<div>Parramatta's 38 percent was Sydney's weakest region, well below the improved overall 66 per cent success rate from the reduced 551 auctions held.</div>
<div> </div>
<div>Sydney's top sale was at Strathfield. The <a id="LPlnk273019" href="https://www.realestate.com.au/property-house-nsw-strathfield-127950374" target="_blank" rel="noopener noreferrer">5 Firth Avenue property </a>sold at $5,715,000. The six-bedroom designer residence on 920 square metres came with basement parking for six cars.</div>
<div> </div>
<div>The top Melbourne sale was in Albert Park, where a knockdown at <a id="LPlnk734369" href="https://www.realestate.com.au/property-house-vic-albert+park-127936178" target="_blank" rel="noopener noreferrer">42 Draper Street</a> sold for $3.85 million.</div>
<div> </div>
<div>The three bedroom brick house sits on a 333 sqm block, a deceased estate held in the same family for half a century. The indicative price guide had been $2.9 million to $3.19 million, with three bidders pushing it $650,000 over reserve.</div>
<div> </div>
<div>
<div>An Elwood home, with balcony and garage door designed resplendent with leaf ornamentation, was among the weekend offerings.</div>
<div> </div>
<div>The leafy panorama featured on the front facade of the home at <a id="LPlnk208043" href="https://www.realestate.com.au/property-house-vic-elwood-127904294" target="_blank" rel="noopener noreferrer">5 Ruskin Street</a> (below) which was listed with $2.8 million to $3 million hopes. </div>
<div> </div>
<div>
<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/2018/4/23/elwood.jpg" alt=""> </div>
<div>
<p>This distinctive four-bedroom residence boasts four bathrooms, a study retreat, open-plan living-dining zone and pool. </p>
<p>James Meldrum, of RT Edgar advised it was under contract, though without price disclosure.</p>
<p class="x_description">A Cheltenham house that dates back to the early 1900s was passed in at $1.4 million.</p>
<p class="x_description">It had been tipped to have seen a battle between renovators and developers. </p>
<div class="x_story-content">
<p>The three-bedroom house on 750sq m at <a id="LPlnk530451" href="https://www.realestate.com.au/property-house-vic-cheltenham-127953114" target="_blank" rel="noopener noreferrer">12 Coape Street</a> had a price guide of $1.375 million to $1.475 million after its quote was increased.</p>
<p>Buxton agent Matthew Gray said the property was among the oldest in the suburb, but does not have any heritage protection. The historic Cheltenham home features a hipped roof, front veranda, double-hung windows and four fireplaces.</p>
</div>
The nation's cheapest auction sale was $271,000 in Adelaide, a three bedroom, one bathroom 1970s home at <a id="LPlnk504643" href="https://www.realestate.com.au/property/16-tolley-cl-paralowie-sa-5108" target="_blank" rel="noopener noreferrer">16 Tolley Close, Paralowie</a>.</div>
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Beach offerings amid weekend auctions before winter hibernation

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<p>Canberra was the hottest capital city weekend auction market, but one of Sydney's last remaining clifftop cottages took the top sale price.</p>
<p><span>The Canberra sales ranged between $376,000 at Calwell to $1.34 million in a pre-auction sale at Ainslie.</span></p>
<p><span>The top sale was a 1959 weatherboard, with brick fireplace at <a href="https://www.realestate.com.au/property/75-tyson-st-ainslie-act-2602" target="_blank">75 Tyson St, Ainslie</a>. It had last sold at $439,950 in 2002.</span></p>
<p>Canberra's top result was a close-run race as there was <a href="https://www.realestate.com.au/property-house-act-deakin-127604842" target="_blank">a $1.325 four bedroom Deakin home sale</a> and a $1.31 million sale at <a href="https://www.realestate.com.au/sold/property-house-act-o%27connor-127589942" target="_blank">O'Connor of another 1950s home</a>.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/3/12/cap%20city.jpg" target="_blank">to enlarge.</a></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/2018/3/12/cap%20city.jpg" alt=""></p>
<p>Canberra's cheapest $376,000 sale was a three bedroom townhouse with 98 sqm living space at <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/32-36-fink-crescent-calwell-canberra/1317494664811" target="_blank">32/36 Fink Crescent, Calwell</a>. It had last sold at $360,000 in 2010.</p>
<p>A three bedroom Queensland mortgagee offering was the nation's top weekend result.</p>
<p><span>The <a href="https://www.realestate.com.au/property-house-qld-caboolture+south-127555274" target="_blank">51 Rosemary St, Caboolture South</a> home (below) fetched $210,000.</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/12/caboolture.jpg" alt=""></span></p>
<p><span><span>It previously sold at $255,000 in 2008 shortly after which it became a $255 a week rental.</span></span></p>
<p><span>Sydney scored the weekend's top sale when Belle Property sold a Queenscliff home (top) for $5.55 million at a packed auction with over 100 locals attending.</span></p>
<p><a href="https://www.realestate.com.au/property-house-nsw-queenscliff-127534742" target="_blank">The 17 Pavilion Street offering</a> was marked by Belle Property Manly agent Anthony Calacoci as Sydney's last original clifftop house.</p>
<p><span>The guide for the clifftop property was $4.8 million.</span></p>
<p>With views north and south over the ocean, it was a one-bedroom cottage without parking on 340sqm of land.</p>
<p>It hasn’t traded for four decades having beeb built for a fisherman.</p>
<p>The next highest across the country was when $4 million was paid pre-auction for a home in Clontarf.</p>
<p><span>The three level hillside <a href="https://www.realestate.com.au/sold/property-house-nsw-clontarf-127538802" target="_blank">24 Peronne Avenue, Clontarf home</a> (below) was offered through LJ Hooker. It had been initially listed last October with $4 million hopes.</span></p>
<p><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/12/clontarf.jpg" alt=""></span></p>
<p><span>It was a relatively quiet auction weekend in Melbourne due to the Labour Day public holiday.</span></p>
<p>The highest result was <a href="https://www.realestate.com.au/property-house-vic-malvern+east-126733202" target="_blank">a two house, 1650 sqm consolidation</a> at <span>1399-1401 Dandenong Road at Malvern East at $4.66 million.</span></p>
<p><span><span>It was tipped to fetch $4.4 million to $4.6 million.</span></span></p>
<p><span><span>Melbourne's dearest house sale was $2.465 million when <a href="https://www.realestate.com.au/property-house-vic-port+melbourne-127569918" target="_blank">172 Clark Street, Port Melbourne</a> was offered.</span></span></p>
<p><span><span><span>It was a three bedroom brick home which was marketed as a likely knockdown with a $2 million to $2.2 million price guidance.</span></span></span></p>
<p><span><span><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/12/melb.jpg" alt=""></span></span></span></p>
<p><span><span><span>Melbourne's cheapest sale was $245,000 at Footscray.</span></span></span></p>
<p><span><span><span>The <a href="https://www.realestate.com.au/property-unit-vic-footscray-127481458" target="_blank">8/18 Eldridge Street, Footscray</a> one bedroom apartment was expected to have fetched between $250,000 and $275,000.</span></span></span></p>
<p><span><span><span><span>The 55 sqm apartment needed to be renovated.</span></span></span></span></p>
<div>CoreLogic calculated the capital city preliminary clearance rate rose to 67.3 per cent, with auction activity across the capitals significantly lower.</div>
<div> </div>
<div>There were 1,721 auctions held across the combined capital cities, significantly lower than the 3,026 held last week.</div>
<div> </div>
<div>"The fall in auction volumes this week is due to the fact that four of the eight states and territories have a public holiday on Monday," CoreLogic auction analyst Kevin Brogan said.</div>
<div> </div>
<div>"The preliminary clearance rate across the combined capital cities rose to 67.3 per cent this week, up from 63.6 per cent last week, although this will revise as more results are collected over the week.</div>
<div> </div>
<div>"Over the same week last year, the clearance rate was recorded at 75.1 per cent," he said. </div>
<div>
<div> </div>
<div>The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 66.6 per cent across 936 auctions and Melbourne at 72.2 per cent across 447 auctions.</div>
<div> </div>
<div>Looking at results by property type, units outperformed houses again across the capitals with 70 per cent of units selling at auction, while 66 percent of houses sold.</div>
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Queenscliff cottage sells at $5.55 million at weekend auction

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<p>The auction of a two-storey, three-bedroom Richmond townhouse - set inside Channel 9’s former Melbourne television studios - failed to draw more than a curious audience, with the offering passed in on a $1.85 million vendor bid.</p>
<p>But Melbourne regained its mantle as the hottest auction market, when some 72.5 per cent of the 520 reported auctions sold, followed by Adelaide at 68.9 per cent.</p>
<p><a href="https://www.realestate.com.au/property-townhouse-vic-richmond-127327718" target="_blank">The Richmond offering</a> (pictured above) comes with a $1.95 million asking price having been listed by the boss of First National Real Estate, Ray Ellis.</p>
<p>The townhouse with soaring ceilings was bought by Ellis at $1,725,000 in 2014.</p>
<p>Originally built in the 1900's by the Wertheim piano manufacturers, it went on to become the Heinz soup factory before General Televsion Corporation bought the site in 1955.</p>
<p>The Herald Sun reported former Hey Hey It’s Saturday star John Blackman was among the onlookers, having worked in the building. </p>
<p>The residential conversion of the former television studio lot was undertaken by Lend Lease as part of the $400 million housing village, dubbed Studio Nine. The offering sits directly under the Television City sign etched onto the front red brick facade on the tree-lined Bendigo Street.</p>
<p>Jellis Craig auctioneer Jonathon O’Donoghue placed two vendor bids before the property passed in at $1.85 million.</p>
<div class="x_page" title="Page 1">
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<p>This week across the nation's capital cities, auction volumes continued to increase with 1,464 homes returning a preliminary clearance rate of 67.7 per cent.</p>
<p>It was up from the 62 per cent across 790 auctions last week, as listings grow after the summer break.</p>
<p>CoreLogic auction analyst Kevin Brogan noted over the same week last year 1,591 auctions were held with a stronger 73.2 percent clearance rate. </p>
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<p>Sydney secured the nation's top auction result, but it was a close contest.</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/2018/2/12/kirr1.jpg" alt=""></p>
<p>There was a $3,028,000 apartment sale at Kirribilli which edged out a $3 million Abbotsford house sale in Sydney's inner west.</p>
<p>The three bedroom <a href="https://www.realestate.com.au/sold/property-apartment-nsw-kirribilli-127332762" target="_blank">61/29 Carabella Street</a> offering (above) had been listed with $2.5 million expectations through Nigel Mikhi at McGrath.</p>
<p>The <a href="https://www.realestate.com.au/sold/property-house-nsw-abbotsford-127142554" target="_blank" rel="noopener noreferrer">14 Irene Street Abbotsford offering</a> was a three bedroom single storey home on 700 sqm. It last sold in 2003 at $1,052,000.</p>
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<div class="x_column">
<p>Sydney was host to 517 auctions this week and a preliminary clearance rate of 68.7 per cent was recorded, rising from 57.1 per cent last week across 216 auctions.</p>
<p>The strongest of Sydney's 15 sub-regions were the Eastern Suburbs (85.2 per cent), the Northern Beaches (79.1 per cent) and the Inner West (75 per cent) regions. </p>
<p>The lowest clearance rate was across the Sutherland Shire where 46.7 per cent of the 30 reported auctions were successful.</p>
<p>Melbourne's strongest clearance was recorded across the Mornington Peninsula, where 85 per cent of the 20 reported auctions were successful. </p>
<p>Melbourne's top sale was on the peninsula when $2.45 million was paid at McCrae. The 3610 sqm corner lot set over three titles cam with an updated three-bedroom, three-bathroom residence.</p>
<p>The <a href="https://www.realestate.com.au/property-house-vic-mccrae-127336210" target="_blank" rel="noopener noreferrer">1-7 Burrell Street offering</a>, 200 metres from the beach, was marketed by Hockingstuart for its development potential. It was listed for the first time in more than 30 years when the blocks fetched around $100,000 each.</p>
<p>The preliminary clearance rate in Brisbane was 53.8 per cent, up from 45.6 per cent last week. </p>
<p>An Ipswich offering at <a href="https://www.realestate.com.au/property-house-qld-rosewood-127285694" target="_blank" rel="noopener noreferrer">38 Bassett Lane, Rosewood</a> was the nation's cheapest capital city result. The five bedroom house on 1320 sqm sold for $200,000. It had traded at $315,000 in pre-gfc 2008.</p>
<p>Meanwhile the Gold Coast secured a 65.4 per cent success rate of its 26 reported auctions.<img src="file:///page1image89720" alt="page1image89720" width="228.801620" height="0.648885" data-imagetype="External"> </p>
<p>In Adelaide, a 68.9 per cent preliminary result was recorded across 78 auctions. Last week, 98 Adelaide auctions returned a clearance rate of 70.2 per cent.</p>
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<p>The top sale was $1,405,000 for a <a href="https://www.realestate.com.au/property-house-sa-st+peters-127269766" target="_blank" rel="noopener noreferrer">1925s classic sandstone-fronted bungalow on 935 sqm at St Peters </a>(pictured below). The 16 Ninth Avenue home was marketed as ideal canvas for an ambitious renovator or home builder.</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/2018/2/12/st%20peters.jpg" alt=""></p>
<p>Perth’s clearance rate of 29 per cent across 31 auction results was lower than last week, when 30 auctions were held and a clearance rate of 47.4 per cent was recorded. </p>
<p>Over the same week last year Perth was 25 per cent, and 74 auctions were held.</p>
<p>Perth sales included <a href="https://www.realestate.com.au/property-house-wa-marangaroo-127270702" target="_blank" rel="noopener noreferrer">a $452,000 result for a home</a> at Marangaroo, described as a four bedroom, two bathroom plus study, quality built Peter Stannard home that was a first home buyers dream.</p>
<p>Across Canberra, 73 homes were taken to auction. Preliminary results show a clearance rate of 67.7 per cent, up from 62.2 per cent the previous week.</p>
<p>Tasmania was host to 11 auctions this week and of the eight reported some five successful sales. </p>
<p><a href="https://www.realestate.com.au/property-house-tas-south+burnie-127314854" target="_blank" rel="noopener noreferrer">A three bedroom South Burnie home</a> (pictured below) was passed on on a $500,000 vendor bid. It had been transformed onto a modern home since selling at $200,000 in 2015.</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/2018/2/12/SOUTH%20BURNIE%202.jpg" alt=""></p>
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Melbourne auctions strongest of the nation in early results

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<p>Canberra was the weekend's strongest auction capital cities with 75.6% of listings finding buyers.</p>
<p>Brisbane was the weekend weakest capital city sitting at around 44%, according to CoreLogic.</p>
<p>Geelong was the strongest region with a 77.8% auction clearance rate.</p>
<p>Canberra's prices ranged from $385,000 for a two bedroom villa at <a href="https://www.realestate.com.au/sold/property-house-act-melba-126968946" target="_blank">44 Goldner Circuit, Melba</a> (pictured above) to $2.12 million for a three bedroom home at 58 Leichhardt Street, Griffith.</p>
<p> </p>
<p><img src="https://www.urban.com.au/images/2017/12/4/capital%20city%20auction%20statistics%20preliminary.png" alt="" width="568" height="271"></p>
<p><img src="https://www.urban.com.au/images/2017/12/4/Sydney%20sub%20regions.png" alt="" width="561" height="832"></p>
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jonathanchancellor-7SQnKwU6yx

Canberra emerges as summer's strongest capital city property market

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<p>It was a humble beachside cottage that showed Sydney's stellar price potential. Although it's weekend auction outcome came from a Melbourne buyer keen for its Bondi Beach panorama.</p>
<p>Three bidders competed for the 1920s home on the Ben Buckler headland at North Bondi (above). Bidding opened at $6.1 million for the three-bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-north+bondi-126902458" target="_blank">159 Hastings Parade</a> and went up mostly in $200,000, $150,000, $100,000 and $50,000 jumps until the hammer fell at $7.55 million.</p>
<p>It sold to a family relocating from Melbourne, through Peter Starr of McGrath Group who had a price guide of $6.1 million to $6.6 million.</p>
<p>They plan to build their dream home on a 398-square-metre block, with Bondi Beach views.</p>
<p>Reflecting almost $19,000 per square metre, Starr said the sale sets a record for land-value property in Bondi.</p>
<p>It last sold for $3.15 million in 2006 and at $148,000 in pre-boom 1985.</p>
<p>With auction volumes slightly lower, the national preliminary clearance rate improved marginally, according to CoreLogic.</p>
<p>There were 3,276 auctions held across the capital cities, returning a 63.5 per cent success rate, up on last weekend’s final auction clearance rate of 61.1 per cent when it was the third busiest week so far this year with 3,438 offerings.</p>
<p>Over the same week last year, auction volumes were similar at 3,207, although the clearance rate was considerably higher at 72.3 per cent, Kevin Brogan, the CoreLogic auction analyst noted.</p>
<p>Across the two largest auction markets, Melbourne and Sydney, both saw an increase in the sales clearance.</p>
<p>Canberra recorded the highest clearance rate of 75.6 per cent, while only 44.9 per cent of homes sold across Brisbane.</p>
<p>Across Canberra 105 auctions were held, compared to 128 last weekend. Canberra’s clearance rate was well up on the previous weekend's 61.7 per cent.</p>
<p>Brisbane’s preliminary clearance rate was 44.9 per cent, down from 52.1 per cent last week. There were 191 Brisbane auctions this weekend, compared to 153 last weekend. </p>
<p>In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 66 per cent was recorded across 1,652 auctions this week.</p>
<p>The wet results included retired Carlton star Andrew Walker’s house <a href="https://www.realestate.com.au/property-house-vic-preston-126884130" target="_blank">at 28 May Street Preston</a> (below) which sold through Hocking Stuart at $1.74 million, well above the $1.3 millions to $1.4 million price guidance.</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/2017/12/4/Preston1.jpg" alt=""></p>
<div class="x_w650 x_h366 x_image x_media">
<div class="x_image-wrapper">Walker, who played 202 games for the Blues, bought the California bungalow in 2011 with wife Kylie.</div>
<div class="x_image-wrapper">They are moving back to Walker’s hometown of Echuca, which saw high weekend rainfall.</div>
</div>
<p>Last week, Melbourne’s final clearance rate was recorded at 65.5 per cent across 1,736 auctions, making it the lowest clearance rate the city has seen since June 2016. While one year ago, 1,416 homes were taken to auction across Melbourne and a clearance rate of 77.3 per cent was recorded. </p>
<p>Melbourne's auction clearance rate was "likely to revise lower as final results are collected and potentially surpass last week as the lowest seen since June 2016," Kevin Brogan tipped.</p>
<p>A Caulfield North apartment was Melbourne's cheapest at $280,000. The <a href="https://www.realestate.com.au/property-apartment-vic-caulfield+north-126880566" target="_blank" rel="noopener noreferrer">12/113 Eskdale Road</a> offering had been marketed with a $270,000 to $290,000 price guidance. Last traded in 2001 at $225,000, it was most recently a $300 a week rental.</p>
<p>Melbourne's top sale was in Toorak where <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-126885042" target="_blank" rel="noopener noreferrer">7 Springfield Avenue</a> fetched $4.6 million. The four bedroom 2008-built Wendy Nettle-designed home last sold in May 2014 at $3.53 million.</p>
<p>Sales included a pre-auction deal on <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-126914706" target="_blank" rel="noopener noreferrer">a Dendy Street, Brighton</a> bathing box. It sold for a record price, likely more than $330,000 through Marshall White agent Barb Gregory. The record was $326,000.</p>
<p>Figures from the Real Estate Institute of Victoria suggest about 4300 homes will be sent under the hammer this month, which would top last year’s record 3877.</p>
<p>Across Sydney, 1,126 auctions were held this week, down from 1,215 over the previous week. The preliminary clearance rate of 62.4 per cent is up from 56.8 per cent last week, however still lower than this time last year, when a clearance rate of 75.2 per cent was recorded across 1,182 auctions.</p>
<p>Looking at the sub-regions of Sydney, the Ryde region recorded the strongest clearance rate of 73.9 per cent across 75 auctions. Ryde sales included a six bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-ryde-126911222" target="_blank" rel="noopener noreferrer">3 Burke Street</a> which fetched $2.15 million.</p>
<p>This week, Adelaide saw a preliminary clearance rate of 64.6 per cent, with 99 reported results across a total of 141 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 63.4 per cent and 65.3 per cent one year ago.</p>
<p>Adelaide had the nation's cheapest sale when $220,000 was paid in Aldinga Beach. It was a mortgagee sale of a three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-aldinga+beach-126907886" target="_blank" rel="noopener noreferrer">43 Butterworth Rd, Aldinga Beach</a>. It last traded at $157,500 in 2008.</p>
<p>Perth’s clearance rate of 47.6 per cent across 50 auctions was up from the previous week, when 43 auctions were held and a clearance rate of 33.3 per cent was recorded. </p>
<p> </p>
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Bondi Beach panorama offering sees Sydney prices riding the wave 

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<p>The REIV is expecting about 1750 auctions in 399 suburbs this weekend.</p>
<p>The top auction locations this week are Glenroy and Reservoir with 21 auctions, followed by Craigieburn and South Yarra with twenty auctions in each. </p>
<p><span lang="EN-US">A clearance rate of 70% was recorded last weekend in Melbourne compared to 72% on the prior week.</span></p>
<p><span lang="EN-US">It was running at 78% this time last year. </span></p>
<p><span lang="EN-US">There were 1,496 auctions reported to the REIV, with 1,040 selling and 456 being passed in, 197 of those on a vendor bid.</span></p>
<p>The REIV collected 94% of auction results last week with a total of 1,595 results including 59 withdrawn and 40 postponed.</p>
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South Yarra and Glenroy among the busiest Melbourne auction suburbs

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<div>Sportsbet chief executive Cormac Barry secured the sale of his three-bedroom South Yarra offering, amid Melbourne's record auction spree ahead of the Spring racing carnival interlude.</div>
<div> </div>
<div>Barry's punt of putting it up for auction on Super Saturday paid off handsomely when <a href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-126560498" target="_blank">the double fronted Victorian-era home on Nicholson Street</a> (above) fetched $2.4 million.</div>
<div> </div>
<div>It was $175,000 over reserve after keen competition between three homebuyers.</div>
<div> </div>
<div>Last traded at $1.48 million in 2011, it had come with a pre-auction price guide of $2.1 million to $2.3 million.</div>
<div> </div>
<div>The listing had a celebrity connection too as fashion designer Bettina Liano had previously owned the charming Victorian home, selling it in 2007 at $1.35 million.</div>
<div> </div>
<div>Melbourne had the nation's cheapest weekend offering when $237,000 secured a Brunswick West one bedroom apartment.</div>
<div> </div>
<div>The top floor 38 sq m 1970s apartment at <a href="https://www.realestate.com.au/property/17-558-moreland-rd-brunswick-west-vic-3055" target="_blank" rel="noopener noreferrer">17/558 Moreland Road</a> had been tipped to fetch $235,000.</div>
<div> </div>
<div>The unit last sold at $235,500 in 2010. It had been listed for most of the past year with $265,000 hopes, having been rented at $285 a week. </div>
<div> </div>
<div>The top sale across the nation was a <a href="https://www.realestate.com.au/property-house-nsw-waverton-126499226" target="_blank" rel="noopener noreferrer">$7,168,000 Waverton sale</a> in Sydney through McGrath Estate Agents.</div>
<div> </div>
<div>The 30 Larkin Street five bedroom home was built on a 560 sq m block bought in 2006 for $2.2 million.</div>
<div> </div>
<div>A three-storey house in Strathfield, sold for $6.6 million, some $600,000 over the reserve.</div>
<div> </div>
<div>Melbourne's dearest result was a $6.4 million pre-auction sale of an Edwardian home at <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-126554194" target="_blank" rel="noopener noreferrer">659 Orrong Road, Toorak</a> followed by another five bedroom home at 33 Grant Street, Malvern East which fetched $6,125,000.</div>
<div> </div>
<div>It was a <a href="https://www.realestate.com.au/sold/property-house-vic-malvern+east-126555914" target="_blank" rel="noopener noreferrer">three-year old Canny-built</a> home.</div>
<div> </div>
<div>Canberra took the baton as the capital city with the strongest weekend auction clearance rate of 77.1 percent sold under the hammer.</div>
<div> </div>
<div>Prices ranged between $330,000 at Belconnen and $2,235,000 at O'Connor.</div>
<div> </div>
<div>The <a href="https://www.realestate.com.au/property/3-syme-cres-oconnor-act-2602" target="_blank">Syme Crescent five bedroom house</a> (below) was a modern home with pool on its 960 sq m block.</div>
<div> </div>
<div>
<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/2017/10/30/Canberra1.jpg" alt=""> </div>
<div> </div>
<div>The one bedroom cheapie at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-126644962" target="_blank" rel="noopener noreferrer">231/41 Chandler Street</a> had been tipped to fetch $359,000 plus.</div>
<div> </div>
<div>The 17th floor Altitude apartment enjoyed water and mountain views.</div>
<div> </div>
<div>Canberra’s clearance rate was 77.1 per cent this week across 128 auctions, up from 68.2 per cent last week across 71 auctions.</div>
<div> </div>
<div>Melbourne recorded its busiest auction week on record, securing a 71.7 percent success rate from 1,983 auctions. It was down on the prior preliminary 73.3 percent tally.</div>
<div> </div>
<div>Melbourne's bumper auction volume surpassed the previous peak in late November 2015 when 1,876 auctions were held, Corelogic calculated amid nascent signs of Spring listings overload.</div>
<div> </div>
<div>Sydney also saw a substantially higher volume of auctions with 1,196 homes taken to auction, though recording a weakening clearance rate of 64.1 per cent.</div>
<div> </div>
<div>"Sydney’s clearance rate has been consistently below 65 per cent since the first week of October," according to CoreLogic's auction commentator Kevin Brogan.</div>
<div> </div>
<div>The Super Saturday saw zero auction commentary before or after from Domain's senior economist Dr Andrew Wilson, who has been with the soon to float group since October 2010.</div>
<div> </div>
<div>The usually prolific Dr Wilson has not tweeted since the prior weekend when he was duly undertaking official duties at the Sydney Property Expo.</div>
<div> </div>
<div>The Australian Financial Review coverage relied, unusually, just on CoreLogic. Domain's Sydney auction coverage came from a Melbourne correspondent, amid their gushing Block coverage.</div>
<div> </div>
<div>This week, the combined capital cities saw the number of auctions held reach a new year-to-date high according to CoreLogic, with a total of 3,690 held, surpassing the previous 2017 high recorded over the week prior to Easter when 3,517 auctions were held.</div>
<div> </div>
<div>The higher volumes returned a national auction clearance rate of 67.8 per cent.</div>
<div> </div>
<div>"Historically auction volumes have peaked around late November/early December; so if this trend holds true this year, we could see new records being set for auction volumes as the Spring season concludes," Brogan suggested.</div>
<div> </div>
<div>The other capital city auction markets were mixed with Brisbane recording the lowest clearance rate of just 47.1 percent.</div>
<div> </div>
<div>There were 188 Brisbane auctions, virtually unchanged from 47 percent last week across 174 auctions and similar to one year ago when there were 192 auctions with a success rate of 46.6 per cent.</div>
<div> </div>
<div>Brisbane's unsuccessful auctions included a classic Queenslander which was passed in at $2.05 million in Paddington.</div>
<div> </div>
<div>
<a href="https://www.realestate.com.au/property-house-qld-paddington-125561114" target="_blank">The five bedroom Tooth Avenue home</a> (below) came with polished timber floors, high ceilings and VJ walls.</div>
<div> </div>
<div><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/2017/10/30/BRISBANE1.jpg" alt=""></div>
<div> </div>
<div>A total of 143 Adelaide homes were taken to auction with a preliminary clearance rate of 70 per cent. </div>
<div> </div>
<div>Adelaide's cheapest result was $246,000 at Para Hills.</div>
<div> </div>
<div>
<a href="https://www.realestate.com.au/property-house-sa-para+hills-126532846" target="_blank" rel="noopener noreferrer">The three bedroom 1962 brick home</a> had last sold at $180,000 in 2008.</div>
<div> </div>
<div>There were 46 Perth auctions, with 54.5 per cent clearing, rising from last week when 44 auctions were held and 40 per cent cleared.</div>
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Melbourne hands reins to Canberra as weekend auction success rate weakens in gallop to list

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<p class="first-para">The auction market in Sydney is back to strength following the Easter holiday with 650 homes set for Saturday auction, according to Domain's Dr Andrew Wilson.</p>
<p class="first-para">He said Sydney’s inner west will be the most popular region for auctions on Saturday with 100 followed by the south with 88, the upper north shore (80), the city and east (68), the west (61), the lower north (55), the south west (50), Canterbury Bankstown (47), the northern beaches (35), the north west (30) and the central coast with (18) auctions listed.</p>
<p>"Manly will host the most suburban auctions this weekend with 11 followed by Newtown and Mosman each with 10, Ashfield (8), St Ives, Eastwood and Darlinghurst each with 7 and a number of suburbs with 6 auctions listed including Revesby, Paddington Bexley and Earlwood," he said.</p>
<p>"Auction listings were predictably higher last weekend with 705 homes scheduled to go under the hammer compared to 25 the previous weekend.</p>
<p>"This weekend more than 1000 auctions are listed as the market returns in full after April’s lengthy holiday distractions.</p>
<p>"Melbourne’s eastern suburban regions recorded the highest clearance rates last weekend although most areas and suburbs continue to secure positive results for sellers.</p>
<p>"Top rate was reported by the south-east with 87.7 percent followed by the outer east 86.2 percent, the inner east 86.0 percent, the west 84.0 percent and the most sales at 84, the north-east 83.3 percent, the north 82.7 percent, the inner south 71.7 percent and the inner city with a clearance rate of 61.1 percent."</p>
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