Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Auction Market

<html><body>
Melbourne is set to hold the biggest auction weekend so far this year with more than 1,500 homes slated for auction, according to the REIV.
The REIV state 1,420 homes across 341 suburbs going to auction on Saturday. 
Joseph Walton, REIV president, said the 2017 auction market is one of the strongest in recent years with volumes up 13 percent on the same period last year. 
“Multiple auction records fell in February when more than 3,200 homes went to auction and close to 2,570 sold under the hammer,” he said.
“High auction volumes have continued throughout March with the current clearance rate of 79 percent signalling ongoing buyer and vendor confidence.
"The solid start to the year followed the strongest December in the state’s history – in terms of both auction volumes and sales. 
“The 2016 auction market remained buoyant right up until Christmas eve with low interest rates and high clearance rates encouraging more vendors to sell their homes well after the traditional spring selling season."
<a href="https://www.propertyobserver.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.00.33%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/24/Screen%20Shot%202017-03-24%20at%2011.00.33%20AM.png" alt="" width="486" height="416">
</body></html>

jonathanchancellor-7SQnKwU6yx

Bumper weekend auction market for Melbounre

<html><body>
Auction results continue their strong run into March, with Sydney and Melbourne recording an 80% clearance rate over the first week of the month, according to CoreLogic’s latest report.
The property data firm says that after recording the strongest result since June 2015 last week, the preliminary clearance rate across the combined capital cities fell slightly this week, from 78.4% to 77.8%, based on preliminary results.
The number of auctions held across the capitals this week was lower, with 2,714 held, compared to 3,301 over the previous week which was a record high for February.
In comparison, over the corresponding week last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,304 auctions held and 68.6% reported as successful.
Sydney saw the clearance rate remain above 80% for the fourth week in a row, and Melbourne for the second week in a row, while across the remaining cities; week-on-week results show a fall in clearance rates with the exception of Perth where results improved, and Tasmania, which remained unchanged over the week.
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.54.36%20am.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.54.36%20am.png" alt="">
This week, Melbourne was host to 1,399 auctions and preliminary results show a clearance rate of 80.4%, down slightly from last week’s final clearance rate of 81.0% across 1,635 auctions.
At the same time last year, Melbourne’s clearance rate was 72.1%, with 1,236 auctions held across the city.
Looking at Melbourne’s sub-regions, the Inner region was the busiest for auctions across Melbourne with 295 homes going under the hammer, followed by Inner South (260) and Inner East (179).
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.33%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.33%20am.jpg" alt="">
The North East region was the best performer in terms of Melbourne clearance rates, with an 87.6% success rate across 133 auctions.
Sydney’s preliminary auction clearance rate increased to 80.5% from 80.0% last week, the 4th week in a row where clearance rates have been at or above 80%.
Auction volumes were lower this week with 886 homes taken to auction, compared to 1,210 last week.
The city maintains a much higher clearance rate than what was seen over the same week last year, when a clearance rate of 68.7% was recorded across 708 auctions.
This week, the performance across Sydney’s individual sub regions was varied.
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.39%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.39%20am.jpg" alt="">
Across the South West region, where 47 results have been reported so far, the preliminary clearance rate was 66%, while across City and Inner South (88%) and Northern Beaches (88%), the success rate of reported auctions was much higher.
Across Brisbane, the preliminary clearance rate was 59% this week, down from 62% last week and higher than one year ago (50%).
Auction volumes were also down with 148 auctions held across Brisbane this week, compared to 176 last week and a lower 133 last year.
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.46%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.46%20am.jpg" alt="">
A total of 120 auctions were held in Adelaide this week, down from 122 last week, although higher than last year (99).
Preliminary results for the week show 69% sold, down from 71% last week when the city recorded the highest clearance rate for the year to date.
<a href="https://www.propertyobserver.com.au/images/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.52%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/03/5/Screen%20Shot%202017-03-05%20at%2010.55.52%20am.jpg" alt="">
The preliminary clearance rate for Perth this week was 36%, compared to 30% last week and 21% last year.
This week 36 Perth auctions were held with 11 results reported so far.
Canberra’s clearance rate fell to 70% this week, after being recorded at 76% last week.
There were 116 auctions held across Canberra this week, up from 103 last week.
One year ago, 67% of Canberra’s 88 auctions cleared.
There were nine Tasmanian auctions held this week and with seven results reported so far this week, four have sold.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Auction results strong with 80% clearance for Sydney and Melbourne: CoreLogic

<html><body>
Sydney's combined auction clearance rate has bounced back above 80 percent, wiht the Lower North recording the highest auction clearance rate at 95.1 percent, according to Domain's Andrew Wilson.
Despite lower listings, Melbourne's Moomba long weekend holiday auctions gave a strong result.
Melbourne's Saturday clearance rate of 79.2 percent was down from the 80.6 percent recorded the weekend before.
Andrew Wilson said Melbourne’s weekend clearance rate has averaged 79.7 percent since the season began in earnest in February which is the best start to the auction year since 2010. 
"Some 258 homes were listed for auction in Melbourne on Saturday which was lower than the 1182 auctioned the previous weekend and also lower than the 342 auctioned over the same holiday weekend last year," he said.
"Auction numbers will be sharply higher next Saturday as the market moves back to normal mode with just under 1200 homes set to go under the hammer. 
"Melbourne’s booming north continues to record the highest regional clearances and was joined this holiday weekend by the inner east that also recorded a similar super-strong result. 
"The north reported a weekend clearance rate of 93.3 percent with 14 sales out of 15 reported followed by the inner east 90.0 percent, the inner south 84.6 percent, the south east 80.0 percent, the north east 77.8 percent, the west 7.8 percent and the highest sales at 28, the outer east 74.1 percent and the inner city with a clearance rate of 69.2 percent
"Sydney auction market has bounced back strongly following last weekend’s month-low result with higher numbers of listings still proving simply irresistible to buyers.
"Sydney recorded a clearance rate of 82.9 percent on Saturday which was higher than the previous weekend’s 78.4 percent and well ahead of the 76.3 percent recorded over the same weekend last year.
"Sydney’s weekend clearance rate has averaged 81.4 percent since the season began in earnest in February and from record-high auction numbers – 3719 Saturday auctions have been conducted over the past six weekends which is significantly higher than the previous record of 3547 set over the same period in 2015."
</body></html>

Melbourne weathers holiday weekend, Sydney auctions strong: Andrew Wilson

<html><body>
The top auction location in Victoria this weekend is Resevoir with 25 auctions followed by Camberwell, Elwood, and St Kilda with 19 auctions according to the REIV.
The REIV is expecting about 1,480 auctions across 354 Melbourne suburbs this week. 
Property Observer went looking around Resevoir for potential buys and found these:
A six bedroom family home at <a href="https://www.realestate.com.au/property-house-vic-reservoir-124680290" target="_blank">20 Clements Grove, Reservoir</a> (above) is set for auction this weekend.
A three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-reservoir-124810758" target="_blank">75 Cheddar Road Reservoir</a> (below) on an 858 sqm block is up for auction 18 March. 
<div id="listing_header">
<h1><img src="https://www.urban.com.au/images/2017/02/23/Screen%20Shot%202017-02-23%20at%202.29.47%20PM.png" alt=""></h1>
A four bedroom home at <a href="https://www.realestate.com.au/buy/property-house-in-reservoir,+vic+3073/list-1" target="_blank">207 Broadhurst Avenue Reservoir</a> (below) has a granny flat and is up for auction March 4.
<img src="https://www.urban.com.au/images/2017/02/23/Screen%20Shot%202017-02-23%20at%202.35.39%20PM.png" alt="">
<h1> </h1>
</div>
</body></html>

Victoria's Reservoir hot for auctions this weekend: REIV

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">

Weekend auctions up, Port Macquarie tops NSW numbers: CoreLogic

<html><body>
The Melbourne and Sydney auction market in Sydney is strong leading into this weekend's spring Super Saturday sales given the current weekend results.
Domain's Andrew Wilson said the Sydney auction has maintained its boom-time seller momentum during spring, despite the usual surge in late season listing numbers.
"More than 760 homes were scheduled to go under the hammer on Saturday, which was similar to the previous weekend’s figures but again lower than the 863 listed over the same weekend last year," he said.
"Sydney recorded a weekend clearance rate of 79.5 percent, which was similar to the previous Saturday’s 80.4 percent and significantly higher than the 57.5 percent recorded over the same weekend last year.
"The inner suburban and higher-priced suburban regions again produced exceptional results at the weekend, with a number of clearance rates exceeding 90 percent.
"The top performer was the ever-reliable inner west with a 91 per cent result, followed by the northern beaches with 90.5 percent, the city and east with 90.2 percent and the highest sales at 74, the lower north with 84.4 percent, the north-west with 81.5 percent, the upper north shore with 79.4 percent, the south with 74.3 percent, Canterbury Bankstown with 73.9 percent, the west with 69.7 percent, the south-west with 63.3 percent and the central coast with 58.8 percent. 
"Melbourne’s 78.7 percent result was higher than the 77.6 percent recorded the previous weekend and significantly ahead of the 66.3 percent reported over the same weekend last year.
"Late spring auction numbers have increased sharply since the Melbourne Cup holiday weekend, with the usual rush to market by sellers who want to get in before the year ends. Higher listings have contributed to a slight easing in clearance rates in recent weeks, but results remain firmly in favour of sellers in what remains strong local market conditions.
"Next weekend will present the local market with its biggest test of the spring selling season, with nearly 1400 homes set to go under the hammer. 
"Melbourne’s western suburbs continue to record boom-time results, with a leading regional clearance rate of 86.2 percent and the highest sales at 119. The next highest was the inner south with 81.7 percent, closely followed by the outer east and the south-east each with 81.1 percent, then the north with 79.7 percent, the north-east with 76.5 percent, the inner east with 75 percent and the inner city with a clearance rate of 73.7 percent."
</body></html>

Auction market maintaining momentum leading into Super Saturday

<html><body>
There has been a substantial increase in scheduled auctions this week relative to the 853 auctions last week, with CoreLogic tracking 2,161 auctions across the combined capital cities this week.
In both Sydney and Melbourne, the two major auction markets, auction activity is up week-on-week, with 1,085 Melbourne auctions scheduled and 731 homes set to be taken to auction across Sydney.
Despite a surge in scheduled auctions, there are fewer than the 3,016 which occurred a year ago.
Across the smaller cities, auction activity is higher across each of those cities than it was a week ago.
Capital city auctions this week:
• Sydney: 731
• Melbourne: 1,085
• Brisbane: 150
• Adelaide: 95
• Perth: 30
• Canberra: 60
Reservoir in Melbourne is the busiest individual suburb for auctions across the nation this week, with 20 residential homes set to go under the hammer.
Glen Waverley is also quite bust with 17 auctions whilst Bentleigh East, Essendon, Mount Waverley and Pascoe Vale each have 14 scheduled auctions.
<a href="/images/2016/10/06/Capital%20city%20auction%20statistics%20final.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/06/Capital%20city%20auction%20statistics%20final.jpg" alt="">
Summary of last week’s results:
Capital city auction clearance rates increased last week to 75.8 percent on the back of low volumes due to long weekends and the AFL and NRL grand finals. Last week there were 872 capital city auctions, down from 2,480 the previous week.
Melbourne’s auction clearance rate was recorded at 87.2 percent last week, up from 77.2 percent the previous week. In Sydney, the final results show an auction clearance rate of 82.5 percent up from 80.4 percent over the previous week.
The low volumes resulted in higher clearance rates across both of the largest auction markets and pushed clearance rates above 90 per cent in many regions of both cities.
Across the smaller auction markets, auction clearance rates were lower last week in all regions except for Perth. Despite the fall, Adelaide has maintained a strong clearance rate above 75 per cent.The Sunshine Coast region was the busiest non- capital city region last week, with 52 auctions, however Wollongong recorded the strongest clearance rate at 78.6 percent.
</body></html>

Scheduled auctions increasing, but still fewer than a year ago: CoreLogic

<html><body>
There are far fewer auctions scheduled across the capital cities this coming weekend, with the NRL and AFL grand finals both scheduled to take place, as well as a number of long weekends, according to CoreLogic's latest market report.
The sharpest fall away in auction volumes is in Melbourne, where, after hosting 1,103 auctions last week, only 74 are currently being tracked.
In Sydney, the fall away is less drastic, with 420 auctions scheduled, compared to 946 last week.
The AFL Grand Final is scheduled for Saturday afternoon in Melbourne, with Victorians enjoying a public holiday on the Friday, while the NRL Grand Final will take place in Sydney on Sunday evening.
Outside of Sydney and Melbourne, auction activity is lower on a week-on-week basis in all other cities. Brisbane is the only city that isn’t showing a major fall in auction activity, down from 144 last week to 104 this week.
Capital city auctions this week:
<ul>
<li>Sydney: 420 
</li>
<li>Melbourne: 74 
</li>
<li>Brisbane: 104 
</li>
<li>Adelaide: 37 
</li>
<li>Perth: 13 
</li>
<li>Canberra: 34</li>
</ul>
Given Melbourne’s auction market is much quieter this week, it is no surprise that the busiest suburbs across the nation for auctions are in Sydney, with Randwick (11) and Mosman (10) topping the list. The busiest suburb for auctions in Victoria this week is Warrnambool, with 9 scheduled.
<a href="/images/2016/09/29/Weekly%20clearance%20rate%20combined%20capital%20cities.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/29/Weekly%20clearance%20rate%20combined%20capital%20cities.jpg" alt="">
Summary of last week’s results:
Last week, just over three quarters of all reported auctions were sold (75.4%), representing a slight fall in clearance rates over the week, down from 76.2% the previous week. Auction volumes were up over the week, with 2,480 capital city auctions held.
For the fourth consecutive week, Sydney’s final clearance rate remained above the 80% mark, reported at 80.4%, falling slightly from 81.6% over the previous week.
Despite the rise in auction activity, with 1,103 auctions held across the city, Melbourne’s clearance rate remained stable over the week, at 77.2%.
<a href="/images/2016/09/29/Capital%20city%20auction%20statistics%20final.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/29/Capital%20city%20auction%20statistics%20final.jpg" alt="">
Outside of the two major auction markets, Adelaide was the strongest performer, with 78.2% of the 119 reported auctions clearing, followed by Canberra at 68.4%.
New South Wales’ Hunter region and Queensland’s Gold Coast both saw a weekly rise in both clearance rates and auction activity last week, while in each of the other three regional markets that CoreLogic monitors, clearance rates were lower over the week.
</body></html>

Grand Final weekend sees auction volume dip: CoreLogic

<html><body>
It has been another strong week for auction activity. There were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 percent this week, according to CoreLogic's latest report. 
Last week, the final auction clearance rate was recorded at 76.2 percent with 2,149 residential properties taken to auction.
At the same time last year, auction volumes were higher (2,835) with a clearance rate of 69.7 percent. Over the first four weeks of Spring, auction clearance rates have consistently been recorded at a higher rate than over the corresponding weeks last year, while auction volumes remain around 20 percent lower.
<a href="/images/2016/09/26/Capital%20city%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Capital%20city%20clearance%20graph.jpg" alt="">
In Melbourne, Australia’s largest auction market, 79.1 percent of the 946 reported auctions sold this week. There were 1,090 auctions held across the city this week, up from 965 last week when the final auction clearance rate was 77.8 percent and lower than the 1,201 auctions held one year ago, which returned a lower clearance rate (72.7 percent).
The Inner region of Melbourne had the highest number of auctions this week (224), with a preliminary clearance rate of 75.5 percent. Meanwhile, the strongest clearance rate was 89.7 percent recorded across the Mornington Peninsula region, followed by 83.5 percent across the Inner South region.
<a href="/images/2016/09/26/Melbourne%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Melbourne%20clearance%20graph.jpg" alt="">
Across Sydney, 930 homes were taken to auction this week with a preliminary clearance rate of 84.4 pe cent across 770 reported results. Last week, the final clearance rate for the city was 81.6 percent, across 815 auctions. One year ago, 1,200 Sydney homes were taken to auction and the clearance rate was 71.7 percent.
This week, the performance across Sydney’s individual sub regions was varied. Across the Outer South West region, where 10 results have been reported so far, the preliminary clearance rate was 70.0 percent, while the Central Coast had a 100 percent success rate of the 14 reported auctions.
There were four sub-regions of Sydney where more than 100 auctions were held this week and of these, each recorded a clearance rate in excess of 70 percent, with Eastern Suburbs (88.3 percent) and North Sydney and Hornsby (88.2 percent) the strongest performers.
<a href="/images/2016/09/26/Sydney%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Sydney%20clearance%20graph.jpg" alt="">
There were 144 Brisbane homes taken to auction this week, with 103 results reported so far. The preliminary clearance rate for the city is 51.5 percent, up from 48.4 percent last week and lower than one year ago, when 54.9 percent of the 203 properties taken to auction were successful. Across the Gold Coast 29 results have been reported so far, with a success rate of 58.6 percent (17 sales).
<a href="/images/2016/09/26/Brisbane%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Brisbane%20clearance%20graph.jpg" alt="">
This week, Adelaide saw a preliminary clearance rate of 83.9 percent, with 87 reported results across a total of 126 scheduled auctions. This week’s clearance rate is the highest on record for the city, but has the potential to revise lower as more auctions are reported.
In comparison, over the previous week Adelaide’s clearance rate was 74.7 percent with fewer auctions held across the city (95) and 68.1 percent one year ago across virtually the same volume of auctions.
<a href="/images/2016/09/26/Adelaide%20clearance%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Adelaide%20clearance%20graph.jpg" alt="">
Perth’s clearance rate of 35.1 percent across 49 auctions is down from the previous week, when 39 auctions were held and a clearance rate of 45.2 percent was recorded.  Over the same week last year, the clearance rate was a lower 31.6 percent, and just 25 auctions were held.
In Canberra, 90 auctions were held this week, and of the 73 reported results, 69.9 percent were successful. Last week, 87 auctions were held and the clearance rate was a higher 72.0 percent. This time last year, results were down 58 auctions held and a clearance rate of 58.5 percent.
There were 16 Tasmanian auctions held this week. 4 were reported as sold.
</body></html>

Auction clearance rate remains above 70 percent for the ninth week: CoreLogic

<html><body>
The number of auctions scheduled across the capital cities is virtually unchanged over the week, with CoreLogic currently tracking 1,895 residential auctions, just four fewer than last week.
The difference in weekly activity is more prominent on a city- by-city basis, with the number of auctions scheduled in Melbourne rising this week, from 830 last week to 915 this week, compared to a fall in Sydney auction volumes, from 747 last week to 672 this week.
Outside of Sydney and Melbourne, auction activity will remain steady across Brisbane (137) and Perth (27), while more auctions are expected in Adelaide this week (84), however less across Canberra (56).
<a href="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.19%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.19%20PM.png" alt="">
Capital city auctions this week
<ul>
<li>Sydney: 672</li>
<li>Melbourne: 915</li>
<li>Brisbane: 137</li>
<li>Adelaide: 84</li>
<li>Perth: 27</li>
<li>Canberra: 56</li>
</ul>
This week there are three individual suburbs across Australia where more than 15 auctions will be held and each is located in Melbourne.
The busiest suburb is Reservoir, with 17 auctions, followed by Glen Waverley and St Kilda, each with 16 homes scheduled for auction.
<a href="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.28%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.28%20PM.png" alt="">
Summary of last week’s results:
Last week, CoreLogic collected a total of 1,723 auction results across the capital cities, with a final auction clearance rate of 77.1 per cent, the highest clearance rate for the year to date, and the highest reading since June last year (77.3 per cent).
Last week’s clearance rate of 77.1 per cent was moderately higher than the previous week (74.5 per cent). Last week, Melbourne, Canberra and Adelaide each recorded their highest year to date clearance rate.
Sydney’s clearance rate hit the 80 per cent mark last week, at 80.7 per cent, while Melbourne’s clearance rate came in just below, at 79.3 per cent, both representing week-on-week improvements for the cities.
Across the individual sub-regions of the two major auction markets, the strongest clearance rate was across Sydney’s Eastern Suburbs (90.7 per cent) and Melbourne’s Mornington Peninsula (94.1 per cent).
<a href="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.41%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.41%20PM.png" alt="">
Outside of the capitals, the strongest performing regional markets last week, based on clearance rate, were Wollongong (76.7 per cent) and Geelong (89.5 per cent), however auction activity across these regions remains low.
<a href="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.52%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/08/Screen%20Shot%202016-09-08%20at%2012.33.52%20PM.png" alt="">
</body></html>

Auction Market

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auction Market

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News