<p>Repeat buyers are one of the strongest measures of confidence in any apartment development.</p>

<p>At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.</p>

<p>Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe></p>

<p>"I had some boxes I wanted to tick," he says.</p>

<p>Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.</p>

<p>“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.</p>

<p>He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356818]</p>

<p>After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.</p>

<p>"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."</p>

<p>Today, Keith says the move has completely changed how he experiences Newcastle.</p>

<p>"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356828]</p>

<p>Beyond the location, he says it's the sense of community that has surprised him most.</p>

<p>"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."</p>

<p>For Aimee and Lyle Goodman, the journey started almost by chance.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe></p>

<p>The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.</p>

<p>"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."</p>

<p>As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.</p>

<p>"We actually catch up more as a family now," Aimee says.</p>

<p>"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356829]</p>

<p>Lyle says their confidence came from GWH's reputation within Newcastle's building industry.</p>

<p>"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."</p>

<p>That confidence only grew throughout the buying process.</p>

<p>"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351104]</p>

<p>Aimee says one moment stood out.</p>

<p>"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."</p>

<p>The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.</p>

<p>Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356822]</p>

<p>ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;</p>

<p>The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=356826]</p>

<p>For Keith, the appeal remains straightforward.</p>

<p>"You feel at home even before you've moved into your home."</p>

<p>For Aimee, the change is measured in time.</p>

<p>“I just felt like I had more time,” she says.</p>

<p>[smartcode_project:default project_id=135096 project_image_fid=351102]</p>

<p>Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.</p>

<p>ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.</p>

<p>[smartcode_project_cta:default project_id=135096]</p>


Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

<p>Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.</p>

<p>Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.</p>

<p>"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.</p>

<p>"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372549]</p>

<p>Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.</p>

<p>"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.</p>

<p>The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=314259]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.</p>

<p>According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.</p>

<p>Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.</p>

<p>[smartcode_project:default project_id=4661 project_image_fid=372550]</p>

<p>Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.</p>

<p>The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.</p>

<p>The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.</p>

<p>"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."</p>

<p>The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.</p>

<p>With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.</p>

<p>[smartcode_project_cta:default project_id=4661]</p>


Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

<p>Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.</p>

<p><a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.</p>

<p>The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.</p>

<p>Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.</p>

<p>Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355297]</p>

<p>The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.</p>

<p>Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.</p>

<p>"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.</p>

<p>The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355293]</p>

<p>The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.</p>

<p>According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.</p>

<p>The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;</p>

<p>Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355303]</p>

<p>The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.</p>

<p>"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.</p>

<p>"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."</p>

<p>[smartcode_project:default project_id=102717 project_image_fid=355304]</p>

<p>Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.</p>

<p>Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.</p>

<p>[smartcode_project_cta:default project_id=102717]</p>


Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

<p>New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.</p>

<p>It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.</p>

<p>With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.</p>

<p>The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.</p>

<p>Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=372394]</p>

<p>Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.</p>

<p>"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.</p>

<p>"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=953]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.</p>

<p>Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.</p>

<p>That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=925]</p>

<p>Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.</p>

<p>Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.</p>

<p>"The Lennox is where aspirational living becomes attainable," Hamblett said.</p>

<p>"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."</p>

<p>Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.</p>

<p>"At The Lennox, lifestyle is not an afterthought, it is the foundation."</p>

<p>[smartcode_project:default project_id=5743 project_image_fid=5374]</p>

<p>The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.</p>

<p>Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.</p>

<p>That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.</p>

<p>"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."</p>

<p>[smartcode_project_cta:default project_id=5743]</p>


The apartment price gap drawing Sydney buyers west

<p>A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.</p>

<p>The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.</p>

<p>The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.</p>

<p>The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.</p>

<p>Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.</p>

<p>"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.</p>

<p>"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."</p>

<p><img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" /></p>

<p>Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.</p>

<p>Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.</p>

<p>Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.</p>

<p>"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.</p>

<p>"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."</p>

<p>Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.</p>

<p>Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.</p>


Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Auction Numbers

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<p>Melbourne's weekend auction market had its highest clearance rate since 2017 with the CoreLogic figures showing a 74 per cent success rate. </p>
<p>It reflected a substantial boost on Melbourne’s recent clearance rates which have consistently been in the 60 per cent range for the past eight weeks.</p>
<p>But despite the improved market conditions the 119 year old Footscray and District Angling Club didn't snag a buyer for its Yarraville base.</p>
<p>The shopfront building at <a id="LPlnk294376" class="OWAAutoLink" href="https://www.hockingstuart.com.au/property/70-pentland-parade-yarraville-vic-3013-159361" target="_blank">70 Peatland Parade</a> - with fish and mermaid murals on its facade (pictured) - was passed in on a $750,000 vendor bid after just one earlier bid.</p>
<p>Hocking Stuart Yarraville agent Leo Dardha advised a $780,000 reserve had been set.</p>
<p>There had been $790,000 to $820,000 price guidance for the 180 sqm premises marketed as poised for conversion.</p>
<p>The fishing club members met monthly to discuss “where we’ve been fishing, what fish  we’ve caught, what bait and lures we’ve used, and club business”, its president Lucky Pavlidis told The Herald Sun.</p>
<p>The club plans to move its headquarters somewhere closer to the water while staying in the western suburbs.</p>
<p>Melbourne had the nation's cheapest sale, but it represented a loss for the vendor.</p>
<p><img src="https://www.urban.com.au/images/2019/7/29/Alma%20Street%20apartment.JPG" alt=""></p>
<p>The $215,000 studio apartment was sold pre-auction at <a id="LPlnk178875" class="OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment/vic/melbourne-inner-south/st-kilda-east/411522" target="_blank">37/87 Alma Rd, St Kilda East</a> (pictured above).</p>
<p>It was offered with a $200,000 to $220,000 price guidance having sold at $255,000 in 2013 and $228,100 in 2009.</p>
<p>It was offered as a $280 a week rental last last year.</p>
<p>Commentators attribute the overall market improvement to factors including low auction volumes, the RBA Governor Dr Philip Lowe advising rates would be staying low for a while, along with the restored confidence since the federal election was decided.</p>
<p>Melbourne's highest sale was in Murrumbeena at $2.265 million.</p>
<p><a id="LPlnk848257" class="OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-11-Wahroongaa-Crescent-Murrumbeena-3163/808849" target="_blank">The 11 Wahroongaa Crescent</a> offering through Jellis Craig was a four bedroom 1920s residence.</p>
<p>CoreLogic noted a 78.5 per cent preliminary clearance rate was recorded across Sydney, making it the best performing capital city.</p>
<p>There were 391 Sydney homes taken to auction up on the week prior when 303 homes were auctioned.</p>
<p>Sydney's final prior week success rate had been 72.8 per cent.</p>
<p>Across the smaller auction markets, Adelaide was the best performing with a preliminary clearance rate of 56 per cent, while only 14 per cent of Perth homes sold at auction.</p>
<p>Canberra secured a 55 percent success rate and Brisbane got a 41 percent clearance rate.</p>
<p>There was a pre-auction sale on the Gold Coast when $5.5 million was paid for a newly built opulent<a id="LPlnk989489" class="OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-sovereign+islands-131469114" target="_blank" rel="noopener noreferrer"> six-bedroom, seven bathroom mega-mansion</a> on the Sovereign Islands.</p>
<p>Its luxury inclusions at <a id="LPlnk692437" class="OWAAutoLink" href="http://www.prestigepropertyagent.com.au/property/10706228-the-sovereign-mile-sovereign-islands-qld/" target="_blank">85 The Sovereign Mile</a> included a "presidential master suite," an underground entertainment den, vertical garden and pool.</p>
<p>Ivy Wu, at Amir Mian Prestige Property Agents’ Ivy Wu, sold the house to a local family. </p>
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<p>There were 1,115 homes taken to auction across the combined capital cities, up from the 896 homes auctioned last week.</p>
<p>The national preliminary auction clearance rate sat at 71.2 percent after last week’s 65.4 per cent final clearance rate.</p>
<p>Over the same week one year ago 1,536 were taken to auction.</p>
<p>The highest residential sale across the capital cities was in Sydney where <a id="LPlnk418464" class="OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/upper-north-shore/wahroonga/411079" target="_blank">79 Junction Road, Wahroonga</a> fetched $3,360,000 through McGrath.</p>
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<p>The five bedroom 2004-built home last sold in 2005 at $1.63 million.</p>
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jchancellor-FAypfDUnLy

Melbourne scores highest auction success rate in two years

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<p>The Gold coast showed continued weakness with a clearance rate of just 35 percent at auction last weekend, a drop of more than seven percent then their performance last week.</p>
<p>Of the 58 residential properties taken to auction only 20 were successfully sold indicating a clearance rate more than 20 percent worse than the combined capital city average, according CoreLogic. </p>
<p>A clearance rate of 55.5 percent across the combined capital cities was recorded this week, increasing from last week’s final clearance rate of 51.8 percent while over the same week last year the final clearance rate was recorded at 66.2 percent.</p>
<p>There were 2,404 homes taken to auction across the combined capital cities this week, an increase of over 20 percent from 1,983 over the previous week.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/9/24/Gold%20Coast%204.JPG" target="_blank">to enlarge.</a></p>
<p><img src="https://www.urban.com.au/images/2018/9/24/Gold%20Coast%204.JPG" alt=""></p>
<p>A property listed for auction on the Gold Coast last weekend was <a href="https://www.realestate.com.au/property-house-qld-upper+coomera-129165570" target="_blank">44 Yarrayne Valley Drive</a>, Upper Coomera (pictured above).</p>
<p>The home which in 2015 underwent a rebuild worth $250,000 is set on a holding of 1.39 hectares.</p>
<p>It is a 5 bedroom three bathroom home which last sold for $360,000 in mid 2014.</p>
<p><img src="https://www.urban.com.au/images/2018/9/24/Gold%20Coast%202.JPG" alt=""></p>
<p>Another house listed for auction last weekend on the Gold Coast was <a href="https://www.realestate.com.au/property-house-qld-coolangatta-129182514" target="_blank">97 Dutton Street</a>, Coolangatta (pictured above).</p>
<p>The three bedroom one bathroom home is now listed at $695,000.</p>
<p>Set on 465 sqm, the home has never been traded before.</p>
<p> <img src="https://www.urban.com.au/images/2018/9/24/Gold%20Coast%203.JPG" alt=""></p>
<p>A Gold Coast home listed for auction after being sold just over a year ago was <a href="https://www.realestate.com.au/property-house-qld-palm+beach-129043190" target="_blank">1360 Gold Coast Highway, Palm Beach</a> (pictured above).</p>
<p>The home sold for $740,000 in June 2017, zoned medium density residential and Code Assessable (potentially permitting up to a 9 storey or 29 metres building height).</p>
<p>It is a two bedroom one bathroom house set on 412 sqm.</p>
<p>It remains for sale.</p>
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j.ballantyne1990-6AQqhLzZaK

Gold Coast auction market weakest in the country: CoreLogic

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<p>Two much-admired trophy estates on different sides of the country failed to sell at weekend auction as buyers displayed caution in their bidding.</p>
<p>Both were passed in on bids less than their prior sale.</p>
<p>On Queensland's Sunshine Coast, an equestrian property was on offer.</p>
<p>Dean Shannon, the former chief of Ladbrokes Australia, and now the managing director of the Nets gambling website, and his wife Kelly, who shares his love of horses, failed to find a buyer.</p>
<p>The bidding at the Sunday onsite auction stopped at $5.6 million for the 42 hectare Maleny holding, marketed as one of Australia's most impressive equestrian facilities, located an hour from the Doomben race track.</p>
<p>The stable complex is the focal point as it features 10 double-sized broodmare boxes, two stallion boxes, wash bays, a vet room, horse scales, tack room, rug room and feed room.</p>
<p>There's 45 post and rail paddocks and two Olympic size dressage arenas.</p>
<p>The luxury is not just for horses, as the main residence spans a vast 1,800 sqm and has five bedrooms, eight bathrooms, a steam room, massage room and dressing rooms.</p>
<p>The entertaining spaces have views of the Glass House Mountains.</p>
<p>Ray White Buderim agents Lew Pottinger and Nathan Nicholl marketed the equine complex with its <a id="LPlnk977626" class="x_OWAAutoLink" href="https://www.montanaparkmaleny.com.au/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">own website</a>.</p>
<p>Since Shannon bought Montana Park in 2010 for $7 million he more than doubled the size of the original residence as well as covering one of the two show-jumping arenas.</p>
<p>“Montana Park is a place we love to call home, however my current business commitments with the launch, and now international expansion of Neds have seen me spend more time in Brisbane and on the Gold Coast, with less opportunity to enjoy all this home has to offer,” he said prior to the auction.</p>
<div>Across the other side of the nation, another trophy estate, albeit abandoned, failed to sell at Peppermint Grove.</div>
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<div>It was when then home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal was passed in at Saturday auction.</div>
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<div>The top bid was $15.6 million with three of the five registered parties competing for the prize parcel.</div>
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<div>Two years ago there were $30 million hopes for the prestigious Perth offering, after the partially built so-called Taj on Swan mansion was demolished under council orders.</div>
<div>The 6582 sqm site, which could fit six homes, had reduced $19.5 million hopes last year.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business. </div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant.</div>
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<div id="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-desktop">
<div id="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-container-1002" class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-container x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-portalcontainer x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-maximised x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-selected x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-fixed">
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<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-content x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-view_content x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-show">
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">Marketed as "the most famous block in Australia" the <a id="LPlnk998012" class="x_x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> was listed through Ray White agent Vivien Yap in conjunction with Sotheby's agent Graham Bowie. </div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting"> </div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">The Oswals paid $22.7 million in 2007 then starting construction a year later on a "two-storey, Indian-infused luxury residence." </div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting"> </div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">The final week of July saw 1,534 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 58.4 per cent.</div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting"> </div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">Although auction volumes are slowly starting to pick up across the capital cities, CoreLogic auction analyst Kevin Brogan noted current volumes remain lower than this time last year when 1,987 auctions were held and a clearance rate of 68.7 per cent was recorded.</div>
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">
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<p>There were 803 auctions held in Melbourne with a preliminary clearance rate of 60.3 per cent, after last weekend saw 613 homes go under the hammer, returning a final clearance rate of 59.9 per cent. </p>
<p>Over the same week last year, 956 auctions were held across the city and a clearance rate of 75.6 per cent was recorded.</p>
<p>Weekend sales included the Bentleigh East of the Western Bulldogs coach Luke Beveridge and his wife Dana. <a id="LPlnk523374" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/1-fraser-street-bentleigh-east-vic/property-details-sold-residential-11917293/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Selling their home of almost 25 years</a>, the 2016 AFL premiership coach secured an undisclosed post auction sale having had price hopes of $1.4 million to $1.5 million through Nick Johnstone Real Estate director Nick Johnstone</p>
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<p>Sydney was host to 465 auctions with preliminary results showing a clearance rate of 56.6 per cent. </p>
<p>Last week, the final auction clearance rate for Sydney was 55.2 per cent across 407 auctions after the previous week saw the clearance rate drop to just 46.9 per cent. </p>
<p>Sydney had the nation's highest notified sale when 21 Waimea Road, Lindfield sold for $3,290,000.</p>
<p><a id="LPlnk927041" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-lindfield-128745954" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The three bedroom 1905 home</a> had been last sold six decades ago. </p>
<p>Two local families were competing at the end. There were<span> five bidders registered with four of them participating after the opening $2.5 million offer.</span></p>
<p><span>It was on the market at $3.1 million.</span></p>
<p>The highest preliminary clearance rate was in Canberra where 72.2 per cent of the 36 reported auctions were successful. Canberra was the only mainland capital city to see a weekend fall in auction volumes.</p>
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Dream trophy home estates go unsold as auction volumes pick up

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<p><span>Weekend auction numbers are rising week on week in Sydney and Melbourne <span>with 1,005 auctions scheduled to be held in Melbourne and 807 properties set to go to auction across Sydney, according to CoreLogic.</span></span></p>
<p><span>CoreLogic report 2,136 capital city auctions for the week, up from 1,591 last week.</span></p>
<p><span>In the same week last year 2,347 auctions were held.</span></p>
<p><span>Corelogic said across the smaller markets, auction activity is set to be lower this week compared to last week, and also lower than the same week last year. </span></p>
<p><span>Capital city auctions this week</span></p>
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<p><span>Sydney: 807 </span></p>
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<p><span>Melbourne: 1005 </span></p>
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<p><span>Brisbane: 112 </span></p>
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<p><span>Adelaide: 84 </span></p>
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<p><span>Perth: 41 </span></p>
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<p><span>Canberra: 80 </span></p>
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<p><span>Richmond in Vic is the busiest individual suburb for auctions</span><span> </span><span>across the nation this week, with 21 residential homes set to go </span></p>
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<p><span>under the hammer, followed by Glen Waverley also in Vic with 18, Cronulla (NSW) with 14, Randwick (NSW) and Brunswick (Vic) both set to hold 13 auctions. </span></p>
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jonathanchancellor-7SQnKwU6yx

Sydney, Melbourne weekend auction numbers rising week on week: CoreLogic

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<p>Auction listing numbers have surged in Sydney and Melbourne for the weekend with Domain's Andrew Wilson saying Sydney has the best early February choice of homes on record.</p>
<p>In Melbourne, more than 450 homes will be up for auction on Saturday, ahead of last weekend’s 192 listings.</p>
<p>He said Melbourne's west suburban region will host the most number of auctions (113) followed by the outer east with 69, and inner south 63, the south east  51, the north east 48, the inner city 45, the north 43 and the inner east with 26 auctions.</p>
<p>"The most popular suburb for auctions this weekend in Melbourne is St Albans with 11 followed by Cheltenham with 8, Brunswick 7 and a number of suburbs with 6 auctions scheduled including Hopper Crossing, Werribee, St Kilda, Frankston South and Blackburn," he said. </p>
<p>"Sellers are flooding the early-season Sydney home auction market providing buyers with their best early February choice of homes on record.</p>
<p>"With market clearly gathering momentum, nearly 550 home are listed to go under the hammer on Saturday which will be predictably well ahead of the 228 auctioned last weekend and also significantly higher than the 358 listed over the same weekend last year.</p>
<p>"The inner west will host the most number of auctions with 73 closely followed by the upper north shore 71, the city and east 65, the south 56, the northern beaches 54, the lower north 41, the south west 38, the central coast 33, the west and Canterbury Bankstown each with 31, the north west 27 and the Blue Mountains with 2 auctions listed on Saturday.</p>
<p>"The most popular suburbs for auctions this weekend in Sydney are Dee Why and Manly each with 9 followed by Surry Hills 8, Randwick, Lane Cove and Alexandria with 6 each and a number of suburbs with 5 auctions listed including Castle Hill, Drummoyne, Wahroonga, Baulkham Hills, Peakhurst and Strathfield."</p>
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