An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Auction Volumes

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This week, 400 capital city homes were scheduled for auction, with preliminary results returning a 64.0 per cent clearance rate, according to CoreLogic data.
Volumes were down as last week saw 480 homes scheduled for auction and a final clearance rate of 59.9 per cent while one year ago, there were 930 homes taken to auction and a 55.2 per cent clearance rate.
It is important to interpret clearance rates with caution given auction volumes remain substantially lower than usual due to the ongoing health pandemic.
<a href="https://www.propertyobserver.com.au/images/2020/5/18/CL%20MAY%2018.JPG" target="_blank">Click here to enlarge</a>:
<img src="https://www.urban.com.au/images/2020/5/18/CL%20MAY%2018.JPG" alt="">
Sydney, one of Australia’s largest auction markets, returned a preliminary clearance rate of 73.4%, suggesting the relaxation in social distancing policies specific to housing are having an immediate and positive impact on home auctions, although the number of auctions remains well down on last year.
It saw 193 auctions scheduled this week compared to 2016 last week when Sydney saw a success rate of 66.3 per cent.
 
In Melbourne, 118 homes were scheduled to go under the hammer this week. So far 93 auctions have been reported, returning a preliminary success rate of 60.2 per cent.
The previous week saw a final clearance rate of 56.5 per cent across 163 auctions.
As mentioned over the previous week, with restrictions easing across many states and territories, we will likely see the number of homes taken to auction increase in the coming weeks.
The smaller auction markets saw little change with Canberra the busiest at 41 auctions followed by Brisbane with 28.
The highest confirmed residential auction sale in Sydney from yesterday was 68 Moruben Road, Mosman (pictured in title) which is reported to have sold for $7,500,000.
That five bedroom, four bathroom house sits on an 850 sqm block.
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j.ballantyne1990-6AQqhLzZaK

Mid-May auction clearance rates rise while volumes shrink pre-COVID-19 winter hibernation

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The number of homes scheduled for auction continues to trend lower, with only 365 auctions to take place this week, lower than the 480 auctions last week, according to CoreLogic data.
CoreLogic noted that while most states have lifted the ban on onsite auctions and inspections, it’s likely to take a few weeks before we see an uplift in scheduled volumes.
This is due to vendors and agents generally relying on at least a four week marketing campaign leading up to the auction event.
There are 110 Melbourne homes scheduled for auction this week, down on the 163 held last week.
Sydney is expected to be the busiest auction market for another week, with 167 scheduled auctions this week, down on the 216 held last week.
Brisbane &amp; Perth are the only capital city auction markets expected to see an increase in volumes over the week, with volumes lower across Adelaide and Canberra. Tasmania has no scheduled auctions this week.
The capital city final auction clearance rate came in at 59.9% last week, the highest final result seen since Mid-March.
<img src="https://www.urban.com.au/images/2020/5/14/CL%20May%2010.JPG" alt="">
Of the 395 results collected last week, 22% were withdrawn which was much lower than the 50% seen a few weeks ago, which is the main factor in the improvement of clearances rates.
The number of ‘sold prior’ results was also slightly lower this week, however still remain higher than we would usually see with 43.8% of properties selling prior to the scheduled date.
During this weekend last year there was a 65% clearance rate from 359 auctions held in Melbourne, according to the REIV.
The REIV is expecting about 130 auctions in 97 suburbs this week.
The highest volume auction locations this week are Craigieburn with 4 scheduled auctions. Mount Waverley, Lara, Albert Park, Coburg, Templestowe, Burwood East, Caulfield South, Mulgrave and Pascoe Vale follows with 3 listings in each.
An example of the auction volume in Craigieburn this weekend is 1 Yorkshire Terrace.
The three bedroom, one bathroom home is described as the ideal first house in the marketing material.
It comes with a price guide of $435,000.
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Auction volumes down despite restrictions lifting across multiple states

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Auction volumes were up to 1,848 across the nation this weekend, according to CoreLogic, up from 634 last week.
Clearance rates however were similarly low across the nation with hundreds pulling out of auctions especially in Sydney and Melbourne.
Of the auctions scheduled 852 were withdrawn across the nation, 500 from Melbourne and 314 in Sydney, according to Domain's findings.
CoreLogic data showed preliminary clearance rates reached 40% in Sydney and Melbourne with 73.2% of the successful Melbourne auction properties actually sold prior to the scheduled auction date.
A similar showing occurred in Sydney where 60.2% were sold prior to the scheduled auction event.
<img src="https://www.urban.com.au/images/2020/4/20/CL%20auctions%20April%2018th.JPG" alt="">Across the smaller cities, Canberra continues to outperform the remaining capital cities with a 66.7% preliminary success rate and the lowest rate of withdrawn auctions (25%).
The existing challenges around new policies banning onsite auctions and inspections are still impeding on activity across the auction market.
As confidence remains low and circumstances uncertain, it’s expected that fewer vendors will elect auction as their preferred method of sale and either convert to private treaty method or hold off on selling all together and scheduled volumes will likely decrease over the coming weeks.
Online auctions have helped take some of this strain off but as evidenced by the 50% pullout rate, many people would rather hold their cards close to their chest than trust in online auctions and marketing.
One standout home bucked this trend attracting competition from nine registered bidders at 199 Military Road, Dover Heights (pictured in title).
Featuring sweeping Sydney City, Harbour Bridge and Opera House views, the home, which has been owned by the same family for over 60 years, sold for $3.86 million.
The winning bidder told Ray White “I’ve been looking for the perfect property for six months... I plan on moving in first and then seeking DA approval to rebuild because it offers me a great opportunity to build the property of my dreams."
The three bedroom, one bathroom property sits directly opposite Dudley Page Reserve and is close to schools, bus and ferry transport.
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Majority of weekend 'auction sales' took place prior the scheduled auction 

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The Sydney suburb of Randwick is set to be host to the highest volume of auctions this weekend.
It has eight properties set to go under the hammer, according to CoreLogic.
Pascoe Vale in Melbourne also has eight properties going to auction, followed by Reservoir, also in Melbourne, which has seven.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 789 currently being tracked by CoreLogic, down from the 953 auctions held last week at final results.
Both Melbourne and Sydney are expected to see a decrease in activity of 17% this week, with 322 homes scheduled for auction across Melbourne, while Sydney is set to host 297 auctions, decreasing on the 388 and 359 auctions held last week respectively.
The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Brisbane where auction volumes are set for an increase.
Total auction volumes are also down on a year ago as this time last year a higher 1,178 homes went under the hammer across the combined capital cities over the same week.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-1.JPG" alt="">
The busy auction weekend in Randwick sees <a href="https://www.realestate.com.au/property-house-nsw-randwick-131374058" target="_blank">36 Cook Street</a> (pictured top) offered for sale.
The classic full brick 1890's Victorian terrace has four bedrooms and two bathrooms.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-3.JPG" alt="">
Another example of the breadth of auctions taking place in Randwick is <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-131416414" target="_blank">3/2 Ethne Avenue</a> (pictured above).
The two bedroom, one bathroom apartment has a price guide of $725,000.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-4.JPG" alt="">
A third property going to auction in Randwick this week is <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-131361990" target="_blank">5/76 Wentworth Street</a> (pictured above).
The three bedroom, one bathroom villa has a price guide of $620,000 to $670,000.
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Randwick set to be busiest weekend auction hotspot

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The Melbourne suburb of Mount Waverley is host to the highest volume of auctions this weekend, with 10 homes set to go under the hammer, according to CoreLogic.
Next busiest are Glen Waverley and Reservoir, also in Melbourne, with nine scheduled auctions each, along with the Sydney Suburb of Surry Hills.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 1,144 currently being tracked by CoreLogic, down from the 1,479 auctions held last week at final results.
Over the same week, last year a much higher 2,279 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see a decrease in activity this week, with 500 homes scheduled for auction across Melbourne, while Sydney is set to host 431 auctions, decreasing on the 672 and 539 auctions held last week respectively.
The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Adelaide where more auctions are scheduled and Tasmania where there is no change.
<img src="https://www.urban.com.au/images/2019/5/9/May%2011%20upcoming%20auctions%204.JPG" alt="">
The busy auction weekend in Mount Waverley sees <a href="https://www.realestate.com.au/property-house-vic-mount+waverley-130926706" target="_blank">7 Annesley Court</a> (pictured in title) offered.
The property going under the hammer is a five bedroom three bathroom house.
It comes with an indicative price guide of $2,100,000 - $2,310,000.
<img src="https://www.urban.com.au/images/2019/5/9/May%2011%20upcoming%20auctions%202.JPG" alt="">
Another example of the breadth of auctions taking place in Mount Waverley is <a href="https://www.realestate.com.au/property-townhouse-vic-mount+waverley-127599530" target="_blank">1/22 Surrey Road</a> (pictured above).
The property going under the hammer is a four bedroom three bathroom townhouse.
It comes with an indicative price guide of $1,300,000 - $1,420,000.
<img src="https://www.urban.com.au/images/2019/5/9/May%2011%20upcoming%20auctions%203.JPG" alt="">
A third property going to auction in Mount Waverley this week is <a href="https://www.realestate.com.au/property-house-vic-mount+waverley-130938934" target="_blank">13 Biscayne Drive</a> (pictured above).
The property going under the hammer is a three bedroom one bathroom house. 
It comes with an indicative price guide of $1,250,000 - $1,350,000.
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Mount Waverley set to be busiest weekend auction hotspot

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The Melbourne suburb of Bentleigh East is host to the highest volume of auctions this weekend, with 18 homes set to go under the hammer, according to CoreLogic.
Next busiest are Cheltenham, Kew, Mount Waverley, Reservoir and Yarraville, all in Melbourne, which are expecting 12 auctions each this week, along with Mosman in Sydney.
Last week saw 2,164 homes taken to auction across the combined capital cities, returning a final auction clearance rate of 50.9%, unchanged from the previous week when 1,667 auctions were held.
Over the same week last year just 670 auctions were held due to the Easter weekend, returning a clearance rate of 64.8%.
In Melbourne, Australia’s largest auction market, the number of scheduled auctions has fallen week-on-week with 840 homes set to go under the hammer across the city, down from 978 last week.
Over the same week last year, 723 auctions were held.
Sydney is expecting to see fewer properties taken to auction this week with 700 homes currently scheduled to go under the hammer across the city, down from 801 last week and 795 last year.
Across the smaller auction markets, Canberra, Perth and Tasmania are expecting to see an increase in auction volumes week-on-week, while activity is set to be lower in Adelaide and Brisbane.
<img src="https://www.urban.com.au/images/2019/4/4/Clearance%204-04-2019.JPG" alt="">
The busy auction weekend in Bentleigh East sees <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-130718914" target="_blank">18 Millard Street</a> (pictured above) offered.
The property going under the hammer is a three bedroom one bathroom house.
It comes with a price guide of $810,000 - $890,000.
<img src="https://www.urban.com.au/images/2019/4/4/Bentleigh%20East%202.JPG" alt="">
Another example of the breadth of auctions taking place in Bentleigh East is <a href="https://www.realestate.com.au/property-villa-vic-bentleigh+east-130726274" target="_blank">3/27 May Street</a> (pictured above).
The property going under the hammer is a two bedroom one bathroom circa 60's Villa.
It comes with a price guide of $550,000 - $600,000.
<img src="https://www.urban.com.au/images/2019/4/4/Bentleigh%20East%203.JPG" alt="">
A third property going to auction in Bentleigh East this week is <a href="https://www.realestate.com.au/property-townhouse-vic-bentleigh+east-130729270">47 Gladwyn Avenue</a> (pictured above).
The property going under the hammer is a four bedroom three bathroom house.
It comes with a price guide of $1,120,000 - $1,170,000.
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Bentleigh East set to be busiest weekend auction hotspot

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The three busiest suburbs for auction locations this week are in New South Wales where Port Macquarie tops the list with 20 homes scheduled for auction, according to CoreLogic data.
Their data shows, Lane Cove and Randwick follow with 15 and 12 scheduled auctions respectively.
Auction volumes are set to rise this week, with over 1,000 homes scheduled for auction across the combined capital cities.
<img src="https://www.urban.com.au/images/2019/2/14/14-02%20CL.JPG" alt="">
CoreLogic is currently tracking 1,359 auctions across the capital’s, with volumes up by 46.4 per cent on last week (928), however the lower year on year trend continues with volumes down 31.8 per cent when compared to the same week last year (1,992).
Melbourne is expected to see the most significant increase in volumes over the week, with 607 properties scheduled for auction, up from 350.
Across Sydney, 501 homes are set to go under the hammer this week, increasing from 32.
Canberra and Perth will see an increase in activity over the week, while the remaining cities will see fewer homes taken to auction.
This Sunday, Damien Cooley will be Auctioneering for Elders Real Estate Port Macquarie at Rydges Hotel at 11 am, with a prestige canalfront listing at <a href="https://www.realestate.com.au/property/27-ballina-cres-port-macquarie-nsw-2444" target="_blank">27 Ballina Crescent.</a>
Amid the busy auction weekend in Port Macquarie is <a href="https://www.realestate.com.au/property-house-nsw-port+macquarie-129983054" target="_blank">88 O'Briens Road</a> (pictured in title).
The four bedroom three bathroom house comes with a price guide of $670,000 to $710,000
Set on 806 sqm, the listing notes the home was recently refurbished.
<img src="https://www.urban.com.au/images/2019/2/14/Port%20Macq%202.JPG" alt="">
Another in Port Macquarie is <a href="https://www.realestate.com.au/property-house-nsw-port+macquarie-130240306" target="_blank">6 Mahogany Hill</a>.
The three bedroom two bathroom house has an price guide of $599,000 to $658,000
Set on 1,018 sqm it is a 5 minute drive from the CBD.
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Auction volumes up 46% with Port Macquarie the busiest

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The busiest capital city suburb for auctions this weekend is Footscray with 8 homes set to be auctioned.
Manly (NSW) and Craigieburn (Vic) follow closely with 7 scheduled auctions each.
The combined capital cities have an addition 338 auctions taking place this week, with 874 homes set for auction.
While this is 60% more than the 536 homes auctioned last week, volumes are down 40% year on year (1,470).
The most substantial increase in volumes this week are across the two largest auction markets of Melbourne and Sydney, where over double the number of homes are expected to go to auction over the week.
<img src="https://www.urban.com.au/images/2019/2/7/CL%202-7.JPG" alt="">
Melbourne will see 331 homes taken to auction this week, while Sydney has 302 auctions scheduled.
Brisbane and Canberra are the only auction markets were fewer homes are scheduled for auction this week compared to last.
Compard the same week last year, volumes are down across every capital city: Canberra (- 43.8%), Melbourne (-46.5%), Perth (-34.6%), Sydney (-42.1%), Tasmania (-45.5%), Adelaide (-5.1%), Brisbane (-25.2%).
One such property going under the hammer in Footscray this weekend is <a href="https://www.realestate.com.au/property-house-vic-footscray-130057846" target="_blank">46 Cross Street</a> (pictured top).
The property comes with a price guide of $795,000 - $860,000.
Set across two levels this three bedroom two bathroom home features split-system heating and cooling, ceiling fans, panel heaters and a security system.
<img src="https://www.urban.com.au/images/2019/2/7/Footscray%202.JPG" alt="">
Another home going to auction in Craysfoot this weekend is 35 Essex Street.
Described in the listing as a "spacious Californian bungalow" it is a three bedroom one bathroom house.
The property comes with a price guide of $900,000 to $990,000.
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February auction volumes picking up but still down on 2018 levels

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Auction activity across the combined capital cities is expected to remain relatively steady week-on-week, with a total of 2,610 homes scheduled for auction this week, down only slightly on last week when 2,701 auctions took place.
<img src="https://www.urban.com.au/images/2018/11/29/Auctions%20this%20week%20Nov%2029.JPG" alt="">
Melbourne will see a higher volume of auctions take place this week, with volumes increasing by 14.5 per cent on last week.
There are 1,296 homes scheduled for auction across the city, up on last week when 1,132 auctions were held.
There are fewer auctions scheduled this week in Sydney, with 904 homes scheduled to go under the hammer, after last week saw over 1,000 homes taken to auction across the city.
Perth and Tasmania are expected to see a higher number of homes auctioned this week, while volumes are down in Adelaide, Brisbane and Canberra
Indicative of the high number of auctions in Glen Waverley is <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-129760878" target="_blank">12 Brazilia Drive, Glen Waverley</a> (pictured top).
The five bedroom five bathroom home features it's own home theatre and comes with a price guide of $2 - $2.2 million.
Set on 741 square metres, the house last sold in 2011 for $735,100.
<img src="https://www.urban.com.au/images/2018/11/29/Nottingham%201.JPG" alt="">
Another example of the high number of auctions in Glen Waverley is <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-129500450" target="_blank">50 Nottingham Street, Glen Waverley</a> (pictured above). 
The four bedroom two bathroom home comes with a price guide of $1.75 - $1.85 million.
<div>
<div>Set on 780 square metres, the property last sold for 170,000 in 1998.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/11/29/Nottingham%202.JPG" alt=""></div>
</div>
A third example of the high auction volumes in Glen Waverley is <a href="https://www.realestate.com.au/property-townhouse-vic-glen+waverley-129750210" target="_blank">74B Nottingham Street, Glen Waverley</a> (pictured above).
The four bedroom two bathroom home features comes with a price guide of $1.2 - $1.3 million.
Set on 312 square metres, the property last sold for $1.03 million in 2014.
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Glen Waverley the busiest auction suburb this weekend: CoreLogic

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EXPERT OBSERVER
Reduced lending flows continue to stymie property purchases, auction volumes, new car sales, and stamp duty and transfer receipts.
Total annual duty transfer receipts have been holding up due to some large non-residential transactions and off-the-plan settlements from the death throes of the apartment construction cycle.
<div>But both the residential receipts and the leading indicators are now heading to Hades at warp speed, with the most timely available figures suggesting that transaction levels for established property will be at cyclical lows soon enough, if they're not there already. </div>
 
<div class="separator"><a href="https://1.bp.blogspot.com/-hiBamvA1EHo/W84moY2DxEI/AAAAAAAAsgM/ch4YS1eF56Am7uOnoVaQeMujZt4_xEzoACLcBGAs/s1600/nsw.jpg"><img src="https://1.bp.blogspot.com/-hiBamvA1EHo/W84moY2DxEI/AAAAAAAAsgM/ch4YS1eF56Am7uOnoVaQeMujZt4_xEzoACLcBGAs/s640/nsw.jpg" width="640" height="366" data-original-height="795" data-original-width="1385"></a></div>
<div class="separator"> </div>
<div class="separator">The New South Wales economy has been tracking very well in recent times. </div>
<div> </div>
<div>But the key leading indicators are weakening by the month.</div>
<div> </div>
<div>Building permits and dwelling starts are dropping away, and money growth is at quarter-century lows.</div>
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