<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Auctions

<html><body>
Capital city auctions saw a national clearance rate of 77 per cent as 2,446 homes went under the hammer. 
Sydney recorded the highest clearance rate with 81 per cent of listings finding buyers, with Melbourne closely behind at 79 per cent. 
Both major market improved their success rates on higher volumes, CoreLogic auction analyst Kevin Brogan noted.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
One year ago, Sydney 801 auctions were held and the clearance rate came in at 50.2 per cent.
</div>
</div>
</div>
</div>
Once again, Melbourne was the busiest auction market with a total of 1,215 auctions , according to CoreLogic. Sydney was the second busiest with 938.
Of the 557 Sydney results captured, 454 homes sold.
A Surry Hills terrace with a colourful brothel past soared $440,000 above reserve selling for $2.87 million at its weekend auction.
It was the first sale in more than 100 years of the three-bedroom Victorian terrace.
It was a suspected former brothel during the Great Depression with links to the infamous madam Tilly Devine.
The Surry Hills terrace attracted 17 registered bidders for the <a href="https://www.domain.com.au/448a-bourke-street-surry-hills-nsw-2010-2016025975">448A Bourke Street</a> premises.
Bidding started at $2.3 million and quickly passing the $2.43 million reserve for the 125-square-metre block.
It sold to the family of wealthy rag trader Michael Gazal.
It was held by the same family for four generations.
The terrace was transferred last for £30 in 1916.
Elizabeth “Granny” Lynn, the vendors great grandmother had been friends with Tilly Devine, hence the reputed association.
<img src="https://www.urban.com.au/images/2020/2/CoreLogic_FEB22.png" alt="">
Sydney had the most expensive sale among the capitals when <a href="https://www.simeonpartners.com.au/AB1P0839/15-stanley-avenue-mosman" target="_blank">15 Stanley Avenue, Mosman</a> sold through Simeon Partners for $8,460,000. 
The four-bedroom, three-bathroom early 1980s home had a price guide of $6.5 million.
However, after 21 contracts were issued, and 11 registrations, the selling agent Richard Simeon advised there was "one delighted vendor." 
The Mosman Daily reported there were 65 bids lodged during the 30 minute auction.
The residence situated on 600 sqm was offered to the market for the first time in some 37 years. 
<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/2020/2/6_FEB22.jpg" alt="">
Sydney's most affordable auction was a two-bedroom, one-bathroom apartment at <a href="https://www.propertyobserver.com.au/https://auburn.randw.com.au/property/0000427274" target="_blank">10/118 Woodbury Road, Berala</a>.<a href="https://www.realestate.com.au/property/unit-8-118-woodburn-rd-berala-nsw-2141" target="_blank"></a><a href="https://www.realestate.com.au/property/unit-8-118-woodburn-rd-berala-nsw-2141" target="_blank"></a>
Built in 1969, the unit fetched $387,000 through R&amp;W. It had last sold at $29,950 in 1979.
Housing commentator Dr Andrew Wilson at My Housing Market noted the Sydney auction market had recorded "the highest for the year so far despite another surge in listings."
Sydney's Northern Beaches secured the highest clearance rate among all sub-regions.
It saw a clearance rate of 95 per cent from 100 auctions, reports CoreLogic.
The Hotspotting housing commentator <a href="https://www.propertyobserver.com.au/terry-ryder/110306-northern-beaches-rising-buyer-demand-drives-greater-sydney-to-strongest-sydney-market-hotspotting-s-terry-ryder" target="_blank">Terry Ryder recently suggested</a> among Sydney sub-regions "the leading market is the Northern Beaches."
In Melbourne, of the 970 weekend auction results captured, 772 homes were sold.
The highest residential sale reported in Melbourne was at <a href="https://www.realestate.com.au/property-house-vic-parkville-132827938" target="_blank">69 Fitzgibbon Street, Parkville</a> when the five bedroom Postmaster's residence sold through Woodards for $4,040,000.
Its price guide had been between $3.6 million and $3.9 million given it currently returns $72,000 from the retail and residential components.
The post office lessee is open to staying on at a current annual rental of around $31,000.
It last sold 23 year ago.
<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/2020/2/MEL_POST.jpg" alt="">
Built in 1889, the 510 sqm residence features a grand arched hallway and staircase which transitions through to the north-facing lounge area. 
The property has a spacious rear yard accessible via the Post Office Lane. 
The post office at the front of the building is currently leased on a monthly basis by Australia Post.
There was a higher undisclosed sale in Kooyong when three bidders took the top offer for <a href="https://kayburton.com.au/real-estate/house-3-st-martins-close-kooyong-vic-3144-1425126" target="_blank">3 St Martins Close</a> to $5,561,000. It was sold after auction at an undisclosed price.
The Steve Domoney Architecture designed home set in Jack Merlo gardens was a four bedroom, five bathroom home with a study set on a 600 sqm block.
The price guidance had been $5.5 million to $5.9 million.
Melbourne's cheapest auction sale was a beachside apartment at <a href="https://www.hodges.com.au/property/875044/11-62-72-bay-road-sandringham/" target="_blank">11/62-72 Bay Road, Sandringham</a>.
It was the nation's cheapest capital city result.
The one-bedroom, one-bathroom apartment sold two days prior to auction through Hodges Real Estate for $275,000.
The price guide had been $270,000 to $297,000.
Last advertised as a $310 a week rental in 2016, it sold in 2009 at $355,900.
<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/2020/2/CHEAPEST_MEL_FEB22.jpg" alt="">
 
Across the smaller auction markets, Canberra recorded the highest preliminary clearance rate of 70 per cent, followed by Brisbane at 62.7 per cent. 
Brisbane's most expensive auction, according to Domain, was the Queenslander at <a href="https://www.belleproperty.com/listings/874529/50-groom-street-gordon-park-qld-4031/" target="_blank">50 Groom Street, Gordon Park</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/2020/2/BRIS_FEB22.jpg" alt="">
The four-bedroom, three-bathroom home was sold through Belle Property for $1,950,000
It sat on a 1,214 sqm parcel of land with solar heated pool. 
Meanwhile Domain reported Brisbane's most affordable auction was a two-bedroom, two-bathroom apartment at <a href="https://aspley.ljhooker.com.au/unit-in-chermside-qld-4032-au-1wdsf1r#.XlHySS2B3eQ" target="_blank">11/23 Playfield Street, Chermside</a>. 
The 306 sqm unit sold through LJ Hooker for $345,000.
<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/2020/2/BRIS3_FEB22.jpg" alt="">
The third-floor apartment in the HQ complex sold at a loss given its last sale in 2008 for $445,000.
It had been a $400 a week rental offering in 2018.
 
 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Ragtraders return to Surry Hills as Sydney records highest clearance rate

<html><body>
A brand new luxury residence in Sans Souci was sold for $3.3 million at auction last weekend.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-sans+souci-132779778" target="_blank">9 Newcombe Street</a>, the property was sold by Stone estate agent, Ray Fadel.
The holding was previously sold for $1,305,000 in 2018. The current abode was constructed in 2020.
 <img src="https://www.urban.com.au/images/2020/2/1_FRONT.jpeg" alt="">
The four-bedroom home features two levels with five bathrooms, built in wardrobes, vacuum systems, and air-conditioning throughout. 
<img src="https://www.urban.com.au/images/2020/2/1_WALKIN.jpeg" alt="">
The master suite has access to a private balcony.
<img src="https://www.urban.com.au/images/2020/2/1_BEDROOM.jpeg" alt="">
The home's design is sleek and fresh. It has an open layout for in/outdoor living, and flexible dining and entertainment. 
This is ensured with the level access to a covered dining patio, outdoor entertainment space, landscaped garden, and swimming pool.
<img src="https://www.urban.com.au/images/2020/2/1_OUTDOOR.jpeg" alt="">
The swimming pool features spa jets and a waterfall which can be admired from the dining area.
 <img src="https://www.urban.com.au/images/2020/2/1_ENTERTAINMENT.jpeg" alt="">
For indoor entertainment, there is a separate theatre room with high quality equipment, and a lounging room with an open fireplace. 
<img src="https://www.urban.com.au/images/2020/2/1_THEATRE.jpeg" alt="">
The kitchen features stone benchtops and a butler's pantry.
The residence is also secured with an alarm system, video intercom, CCTV cameras, data cabling system, and parking space for two cars.
The home is of walking distance to the waterfront, local shops, cafes and transportation to the city. 
A similarly designed five-bedroom residence at Marx Avenue, Beverley Park was recently sold for $2,738,000.
</body></html>

Luxury Sans Souci trophy home sold for $3.3 million at auction

<html><body>
There was an $11.2 million harbourfront reserve sale in Cremorne Point, topping out the weekend, and spring selling season, results.
It has views across Sydney Harbour to the Opera House.
Selling agent Ivan Resnekov, of Century 21 Mosman, said the Milson Rd home attracted six registered bidders who made 60-plus bids. Once the bidding got to $10 million, there were just the two remaining bidders.
Currently divided into two four-bedroom homes, Galada was listed by the 95-year-old former Royal Australian Air Force fighter pilot Arthur Pardey.
He was a member of 3 Squadron which flew Spitfires and Mustangs in the Italian campaign in World War II.
Mr Pardey and his late wife Adele bought the home on its 470 sqm block for $850,000 in 1987 on their move from Warrawee. The house was built at a £1100 cost by James Verrills after its design by architect Edwin Orchard for Elsie and James Adamson.
This article was first published in the Daily Telegraph.  
</body></html>

jchancellor-FAypfDUnLy

Cremorne Point $11.2 million sale tops Sydney's weekend auctions

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<div title="Page 1">
<div>
<div>
<div>
Sydney has its second busiest auction week of the year, with vendors securing a preliminary clearance rate of 81 percent, according to CoreLogic.
<div title="Page 1">
<div>
<div>
<div>
There were 931 homes taken to auction across Sydney over the week with some 600 plus on Saturday.
The previous week saw a final clearance rate of 74 percent across 843 auctions. 
One year ago, 844 auctions were held across Sydney returning a 42 percent clearance rate.
<img src="https://www.urban.com.au/images/2019/11/8/Clearance%20nov%208.JPG" alt="">
The top reported national sale was in Sydney's Strathfield at $4.85 million.
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
The five bedroom <a href="https://www.belleproperty.com/listings/832374/8-cotswold-road-strathfield-nsw-2135/" target="_blank">8 Cotswold Road European style offering </a>(pictured below) through Belle was built in 2007 with 500 sqm internal living space.
It last sold at $2.85 million in 2013.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/strathfield.jpg" alt="">
Adelaide had the cheapest sale across all the capitals at $275,000 at Kersbrook under instructions of the public trustee.
Primrose Cottage had an auction guide of $290,000 through Harcourts.
The two bedroom 1940s cottage sat on 2000 sqm at <a href="https://harcourtssergeant.com.au/1p10017/" target="_blank">22 Scott Street</a> (pictured below). 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/kersbrook.jpg" alt="">
Sydney's cheapest auction sale was $410,000 for a Newtown studio, a 39 sqm second floor corner position overlooking King Street.
It was recently offered as a $430 a week rental, putting the sale at a 5.45 percent gross rental yield.
It had traded at $345,000 in 2014. 
There were 2,375 homes taken to auction across the combined capital cities this week," Kevin Brogan, CoreLogic auction analyst said.
It was up from 1,555 over the previous week.
Preliminary results show a national clearance rate of 72 per cent, after last week’s final clearance rate dropped to 68 percent.
"Once the remaining results are collected, the clearance rate will likely revise below 70 per cent for the second week in a row," Kevin Brogan said.
One year ago, 2,386 auctions were held across the combined capitals, with only 43.3 per cent returning a successful result.
<div title="Page 1">
<div>
<div>
<div>
Melbourne saw 1,016 homes taken to auction this week, returning a preliminary clearance rate of 70.8 per cent.
Over the same week last year, a clearance rate of 46 per cent was recorded across 1,127 auctions.
<div>
The dearest sale in Melbourne was in Malvern at $4.75 million.
The four bedroom <a href="https://www.rtedgar.com/property/30-elizabeth-street-malvern-vic-3144/37646/" target="_blank">30 Elizabeth Street house</a> (pictured below) sold, soon after its auction, through RT Edgar who had offered $4.6 million price guidance based on sales.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/malvern.jpg" alt="">
Melbourne's cheapest sale was $292,000 at Newport.
The <a href="https://www.hockingstuart.com.au/property/4-29-schutt-street-newport-vic-3015-174190" target="_blank">4/29 Schutt Street offering</a> (pictured below) was a one bedroom garden apartment through Hocking Stuart.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/newport.jpg" alt="">
</div>
AMP Capital chief economist Shane Oliver noted Melbourne "looks to have cooled a bit from September, especially relative to Sydney."
He also said sales volumes was up from lows "but still well down from boom time highs."
</div>
<div>
Across the smaller auction markets, Canberra and Perth saw an increase in auction volumes week-on-week while Adelaide, Brisbane and Tasmania saw fewer homes taken to auction over the week.
There was a big sale on the Gold Coast when<a href="https://www.propertyobserver.com.au/https://raywhitebroadbeach.com/properties/residential-for-sale/qld/benowa-waters-4217/house/2191120" target="_blank"> the Benowa Waters family home</a> (pictured below) of late developer Con Nikiforides has sold under the hammer for $2.728 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/benowa%20waters.jpg" alt="">
The Gold Coast Bulletin reported that three of the four registered bidders got to bid at the auction.
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Sydney mid-November auctions far stronger than Melbourne

<html><body>
There are 966 homes scheduled for auction across Melbourne this weekend up from the 255 held during Melbourne Cup weekend.
There were more auctions squeezed in the week before the cup than this week. The city saw roughly 1,400 auctions take place in the week preceding the event.
The Melbourne suburb of Mount Waverley is host to the highest volume of auctions this weekend, with 19 homes set to go under the hammer, according to CoreLogic.
Next busiest are Reservoir, set for 18 auctions, as well as Craigieburn and Glen Waverley, also in Melbourne, with 17 scheduled auctions each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 2,257 currently being tracked by CoreLogic, increasing from the 1,555 auctions held last week at final results.
Over the same week, last year a higher 2,386 auctions took place across the capital cities.
Sydney is also expected to see an increase in activity this week, with 887 homes scheduled for auction, increasing on the 843 auctions held last week.
Across the smaller auction markets, the number of homes scheduled for auction this week is lower across Adelaide and Brisbane, higher in Canberra and Perth, while Tasmania will host only 6 auctions.
</body></html>

Melbourne auction volumes bounce back following Melbourne Cup break

<html><body>
Versace-loving vendors had mixed success at their weekend auctions.
Interior designer Jason Scott secured $1.045 million for his Zetland offering (pictured above) through Ray White agent Jack McGhee.
The bidding started at $900,000, before selling to a young first home buyer from Meadowbank.
The two-bedroom Joynton Ave unit cost $350,000 before its makeover into the “epitome of Versace” by Scott, who is now off to build at Richmond.
There was no Versace-styled sale sticker on another scheduled weekend auction listing at Casula. John and Debbie Tsikouris estimate they spent $380,000 on their Versace inclusions.
“It’s a show home — you either love it or you hate it,” John said during its marketing. “It has taken a lot of hard work … we will be sad to see it gone.
“My wife and I are Versace fanatics.”
LH Hooker listing agent Ilce Dimeski advised a $1.35 million pre-auction offer had been made, with negotiations continuing to secure the $1.55 million asking price.
This article first appeared in the Daily Telegraph.
</body></html>

Versace covered Zetland apartment sells for $1.045 million

<html><body>
Over the three months to September 2019, the clearance rate across the combined capital cities came in at near 70 per cent, the strongest quarterly clearance rate seen since the June 2017 quarter, according to the latest report from CoreLogic.
There were 16,730 auctions over the quarter, nearly 4,000 less properties going under the hammer compared to the September quarter 2018. The clearance rates over that quarter was down at 53 per cent.
There was a higher volume of homes in the June 2019 quarter (18,104), however the clearance rate was down at 55 per cent.
The clearance rates over the last seven weeks of the September 2019 quarter have been holding at or above 70 per cent.
Click <a href="https://www.propertyobserver.com.au/images/2019/10/14/Quarterly%20Auction%20clearance.JPG" target="_blank">here</a> to enlarge
<img src="https://www.urban.com.au/images/2019/10/14/Quarterly%20Auction%20clearance.JPG" alt="">
CoreLogic head of research Tim Lawless called the auction clearance rate lift remarkable.
"The September quarter has seen a remarkable lift in auction clearance rates, driven by consistently high results across the largest auction markets, Sydney and Melbourne," Lawless noted.
“The lift in clearance rates highlights a better fit between buyer and seller pricing expectations and some urgency creeping back into the market as a larger pool of buyers compete for a smaller than usual number of homes for sale.”
Although clearance rates are holding high in Sydney and Melbourne, the number of auctions held remains low, reflecting a slower start to the spring selling season.
“There is a strong likelihood that advertised stock levels and the number of scheduled auctions will progressively rise as spring progresses and vendor confidence lifts on healthier housing market conditions," Lawless added.
</body></html>

Strongest quarterly auction clearance rate since the downturn: CoreLogic

<html><body>
Architect Camilla Block secured $2.95 million after four registered bidders fought for her Bondi offering.
McGrath agent Mark McPherson sold the home for $400,000 above the reserve.  
It sold to young couple upsizing from an apartment in Bellevue Hill.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/31/bondi%202%201.jpg" alt="">
Block knocked back an offer of $2.55 million for the four-bedroom, three-bathroom semi on Ewell Street on Thursday night.
Block redesigned eight years ago at <a href="https://www.realestate.com.au/property-house-nsw-bondi-131960622" target="_blank">8 Ewell Street.</a>
</body></html>

firstname1-iYD4UYzvBa

Architect Camilla Block sells in Bondi for $2.95 million

<html><body>
The auctioneer Peter Baldwin has been appointed the chief executive officer of the stock and station agents industry group, Australian Livestock and Property Agents Association.
The appointment by ALPA president Warren Johnston follows the retirement of Andy Madigan next month after 15 years at the organisation. 
"Mr Madigan has seen vast change across the agency industry over that time and helped to navigate us through an evolving agriculture space that is increasingly reliant on technology and influenced by the perceptions of the broader community," Johnston said. 
Baldwin will commence at ALPA on October 9 and Madigan will leave the week after the annual general meeting.
Baldwin's career has been as a property auctioneer for <a href="https://www.randw.com.au/staff-profiles/2287-peter-baldwin" target="_blank">almost three decades at Richardson &amp; Wrench</a>, but he has a strong foundation in the stock and station profession.
Baldwin had a rural background, growing up at Inverell in northern NSW and beginning his career with his father's stock and station agency, Brian Baldwin and Company.
Brian Baldwin is a life member of the Inverell Stock and Station Agents Association and a long-time member after joining the NSW Stock and Station Agents Association in 1969.
Peter Baldwin was the youngest auctioneer known to sell prime cattle, sheep and lambs in the Inverell Saleyards. He was also calling horse races in the far north of NSW and southern QLD from the age of 15.
Baldwin holds a Bachelor of Business in Land Economy from Hawkesbury Agricultural College (UWS).
Over the past 29 years, Peter has auctioned over 35,000 properties mostly across Sydney, but also Noosa, with a value in excess of $14 billion.
He holds the highest auction sale price records in over 30 Sydney Suburbs, including an Australasian apartment sale record of $10.35 million in Darling Point which equated to $50, 000 per square metre.
</body></html>

Auctioneer Peter Baldwin heading back to the cattle yards as Australian Livestock and Property Agents Association CEO

<html><body>
EXPERT OBSERVER
Ray White Surfers Paradise Group is taking advantage of an improving outlook in the Gold Coast property market with its highly anticipated Spring auctions scheduled for next month.
With auction results around the country now generating spectacular sales often well above reserve, it’s the perfect environment for sellers to sell their property. There is a significant shortage of properties on the market and spring will undoubtedly deliver that added volume of buyers that surface at this time of year which is certainly an added bonus for sellers.”
The highly successful in-room auctions at the Gold Coast Turf Club will attract a wide audience from right around Australia. “The most recent auctions have shown a strong resurgence in interest out of New South Wales and Victoria.
This has resulted in every sellers dream of a relatively quick sale within 30 days of a property going on the market and a very high success rate.
I expects improving market conditions to make the Spring auctions one of the most successful on record.
We’ve been talking to both buyers and sellers who are keen to take advantage of improving sentiment. 
From a buyers perspective the biggest challenge for markets is a lack of stock and we are definitely seeing this on the Gold Coast. 
This lack of supply certainly allows sellers to maximise their chances of securing good sales prices.
The recent drop in interest rates together with the stimulus from the tax cuts are all making a strong argument for buyers to get out and secure their properties and have settlement before Christmas.
This investment environment is highly attractive – we are in unchartered territory when it comes to low interest rates and there probably has never been a better time to buy in the last 30 years.
Spring is traditionally one of the best times for the property market.
People who may be moving either to or from the Coast are looking to buy or list their properties around this time of year.
Buyers generally want to be in their homes by Christmas and buying now gives them ample time to be organised to achieve this come the summer holidays.
Similarly, sellers who might be moving away, or relocating for work or school, feel this is a good time to sell because of the strong increased demand for property and it too gives them the opportunity to prepare well in advance of their following year’s plans.
Properties for auction include:
1. 7843 Pavilions Close, Hope Island - a four-bedroom, three-bathroom designer home featuring open-plan living, a butlers pantry and lap pool; 2. 17-23 Slingsby Road, Tamborine Mountain - a five-bedroom, three-bathoom country style home set on 20235m2 of property 3. 10 Pebble Beach Drive, Runaway Bay – a five-bedroom, three-bathroom watefront home set across a 730m2 block
The Spring Selection auction will take place on Thursday, October 3rd at the Gold Coast Club.
ANDREW BELL is the Ray White Surfers Paradise Group CEO
</body></html>

Auctions

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auctions

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News