<p><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.</p>

<p>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.</p>

<p>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.</p>

<p>Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.</p>

<p>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.</p>

<p>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</p>

<p><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" /></p>

<p>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.</p>

<p>But one of the biggest components of the proposal is what sits between the buildings.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>SP Setia plans to deliver the development across three stages.</p>

<p>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.</p>

<p>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.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>


Joel Robinson

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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.</p>

<p>"Eight residences is exceptionally boutique, but that's precisely what this site calls for.</p>

<p>“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.”</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>Heritage has subsequently played a significant role in Cera Stribley's design.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


Lowe Living unveils Middle Park apartment development

<p data-end="288" data-start="269"><strong data-end="288" data-start="269">Article summary</strong></p>

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289"><strong data-end="374" data-start="291">DVB Projects is preparing to launch its second Gold Coast apartment development</strong>, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443"><strong data-end="513" data-start="445">The 34-level tower will comprise just 49 ultra-luxury residences</strong>, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574"><strong data-end="646" data-start="576">The launch follows strong demand at DVB's nearby Sea Glass project</strong>, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718"><strong data-end="787" data-start="720">The development adds to the transformation of Old Burleigh Road</strong>, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<p data-end="1011" data-start="790"><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.</p>

<p data-end="1296" data-start="1013">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</p>

<p data-end="1296" data-start="1013"><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" /></p>

<p>The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.</p>

<p>“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;</p>

<p>“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."</p>

<p>Brown says the site itself is "exceptional."</p>

<p>"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.”</p>

<p><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." /></p>

<p>The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.</p>

<p>A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“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.</p>

<p>“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.</p>

<p>“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.”</p>

<p><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" /></p>

<p>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.</p>

<p>With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.</p>

<p>[smartcode_project_cta:default project_id=145141]</p>


DVB Projects to launch second Broadbeach apartment tower as demolition commences

<p><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.</p>

<p>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>.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.</p>

<p>"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."</p>

<p>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."</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p><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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=107520 project_image_fid=367193]</p>

<p>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;</p>

<p>Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;</p>

<p>"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.</p>

<p>"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."</p>

<p>[smartcode_project:default project_id=107520 project_image_fid=367183]</p>

<p>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;</p>

<p>"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;</p>

<p>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.</p>

<p>The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;</p>

<p>[smartcode_project_cta:default project_id=107520]</p>


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

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<p>The Surry Hills creative HQ and home of innovative food photographer Geoff Lung has sold ahead of its auction.</p>
<p>Lung, one of Australia's leading hotels and resorts, food, travel, interiors and lifestyle photographers, has been based in the New York style warehouse since the early 1990's.</p>
<p>Ivan Bresic and Shannon Whitney at BresicWhitney have the Foster Street offering with $3.2 million hopes, but it is understood to have sold at $3.5 million plus. </p>
<p>The mixed-use space, which includes a two bedroom apartment that spans the entire second level, sits on the second floor of Surry Hills' iconic 1920's Edwards &amp; Co tea warehouse.</p>
<p>It was once the administration floor. Tea was hoisted up to the upper floors and dropped down a central chute to horse and carts for delivery.</p>
<p>The sign atop the facade remains in red and white glazed bricks built into the parapet.</p>
<p>The minimalistic property with industrial kitchen spans 210 sqm of floor space, not including mezzanines, with rows of floor to ceiling original windows. It's the only space in the building with five metre ceilings. </p>
<p>This article was first published in the Sunday Telegraph.</p>
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Edwards & Co tea warehouse apartment on Foster Street, Surry Hills sells

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<p><span style="font-size: 12.16px;">The longtime Lavender Bay bolthole of the renowned Bali-based landscaper, </span><span style="font-size: 12.16px;">Made Wijaya</span><span style="font-size: 12.16px;"> was sold at auction earlier this month for $1.19 million.</span></p>
<p>It was listed following his 2016 death.</p>
<p>Born Michael White, Wijaya secured an international reputation especially after designing the late David Bowie’s garden at his Caribbean island of Mustique. </p>
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<div class="cT-imageLandscape lead">His one bedroom Walker Street ground floor apartment, which overlooks Wendy Whiteley’s Secret Garden, was bought in 1996 for $295,000.</div>
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<p>Stone McMahons Point’s Heather McCartney had $850,000 hopes, but there was a $900,000 opening bid.</p>
<p>This article was first published by The Sunday Telegraph.</p>
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j.ballantyne1990-6AQqhLzZaK

Lavender Bay sale by Made Wijaya's executor

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<p>Port Macquarie in New South Wales was the busiest individual suburb for auctions across the nation last weekend, with 25 residential homes set to go under the hammer.</p>
<p>A Port Macquaire four bedroom house, near Ascot Park, was listed for sale with a price guide of $790,000 - $840,000 (pictured below), but it was passed in price withheld by McGrath Estate Agents.</p>
<p>The block last sold in 2015 at $245,000.</p>
<p>There were approved building plans in 2016 costing $262,000.</p>
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<p><a href="https://www.realestate.com.au/property-house-nsw-port+macquarie-127617098" target="_blank">Situated at 42 Black Caviar Parade</a>, it features multiple living spaces, tiered theatre and swimming pool.</p>
<p>It comes with four double bedrooms, gourmet stone kitchen, and full study or possible fifth bedroom.</p>
<p>It is five minutes from schools and shops, and ten minutes to CBD and beaches.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/16/port%20macquaire.jpg" alt=""></p>
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No sale on Black Caviar Parade, Port Macquarie 

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<p>A Fitzroy residential conversion that was once home the Victorian Movie Makers' Society fetched $3.7 million at weekend auction.</p>
<p>The <a href="https://www.realestate.com.au/property-house-vic-fitzroy-127659062" target="_blank">clean-edged 1950s building</a> - where 8mm amateur film sessions was all the rage - had been converted many years ago into a contemporary three bedroom home.</p>
<p>The Victorian Movie Makers signage is still etched on to the facade, despite the group selling the property for $571,000 in 2002.</p>
<p>Set near the Gertrude Street design precinct, there was a $3.5 million to $3.7 million price guide through Nelson Alexander Fitzroy agents Arch Staver and Luke Chisholm.</p>
<p>Centred around an open plan living room with soaring nine metre ceilings, the home features a master bedroom retreat with ensuite. The second living room flows to a landscaped alfresco entertaining terrace.</p>
<p>It last traded for $2.85 million in 2014.</p>
<p>The cheapest weekend sale across the country's capitals was nearby in Melbourne's Brunswick.</p>
<p>The one bedroom <a href="https://www.realestate.com.au/sold/property-unit-vic-brunswick-127594466" target="_blank">14/38 Canberra St, Brunswick</a> villa fetched $282,000. There had been $245,000 to $270,000 pre-auction price guidance.</p>
<p>It last sold at $20,000 in 1982, having sold at $24,000 in 1981.</p>
<p>The top Melbourne sale was $6.3 million in Malvern through RT Edgar.</p>
<p>The pre-auction guidance had been <a href="https://www.realestate.com.au/property-house-vic-malvern-127574522" target="_blank">$5.5 million to $6 million for 13 Wilks Avenue</a>.</p>
<p>The renovated 1930’s family residence sits on a 913 sqm block in the coveted Stonington Estate.</p>
<p>It last sold at $2.15 million in 2004.</p>
<p>Elsewhere in Melbourne Carlton recruit Aaron Mullett secured $1.011 million on Friday night (photo above) after three pre-auction offers for his Flemington home of three and a half years. </p>
<p>Mullett has shared the Princes Street<a href="https://www.realestate.com.au/sold/property-house-vic-flemington-127637514" target="_blank"> two-bedroom, one-bathroom home</a>, with his fiancee Elle.</p>
<p>The property, which sold in 2014 for $760,000, hit the market with a $890,000-$979,000 price guide through Alexkarbon Real Estate.</p>
<div>Mullett landscaped the back and front yards of the single storey red brick house which came with high ceilings, polished hardwood floors.</div>
<div> </div>
<div>
<div>Corelogic's preliminary auction clearance count indicated the success rates had soften as the number of auctions surged to the second busiest week so far this year.</div>
<div> </div>
<div>Click here <a href="https://www.propertyobserver.com.au/images/2018/3/19/clearance.jpg" target="_blank">to enlarge.</a>
</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/19/clearance.jpg" alt=""></div>
<div> </div>
<div>
<div>There were 3,097 homes taken to auction across the combined capital cities this week, showing a 67.5 per cent success rate.</div>
<div> </div>
<div>In comparison, 1,764 auctions were held last week and the final clearance rate came in at 63.3 per cent.</div>
<div> </div>
<div>Over the same week last year, auction volumes were lower with 2,916 homes going under the hammer across the combined capital cities, although the clearance rate was a stronger 74.1 per cent, CoreLogic auction analyst Kevin Brogan advised.</div>
<div> </div>
<div>"Looking at auction volumes, Perth was the only city to see a slight fall in the number of homes taken to auction this week, while all other cities increased," he noted.</div>
<div> </div>
<div>In Melbourne, a preliminary auction clearance rate of 68.9 per cent was recorded across 1,656 auctions, down from 70.8 per cent across just 453 auctions on the prior holiday weekend. </div>
<div> </div>
<div>Sydney was host to 1,055 auctions this week, with preliminary results showing a 67.8 per cent success rate, up from 62.2 per cent across 974 auctions last week.</div>
<div>
<p>"Buyers certainly feel like the tides have changed," Cooley Auctions' auctioneer Damien Cooley told the Australian Financial Review, adding he won't call it a buyers' markets unless clearance rates are less than 50 per cent.</p>
</div>
<div>This time last year, the clearance rate was a stronger 76.8 per cent across 1,001 auctions.</div>
<div> </div>
<div>Sydney's top house sale was $5 million on Kogarah Bay through McGrath Estate Agents (below).</div>
<div> </div>
<div>The five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-kogarah+bay-127686046" target="_blank">78 Carlton Crescent</a> came with boast shed on its 500 sqm holding which last sold four decades ago.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/19/kog1.jpg" alt=""></div>
<div> </div>
<div>Adelaide recorded the highest mainland preliminary clearance rate at 69.7 per cent.</div>
</div>
</div>
<div> </div>
<div>But Saturday's South Australian election prompted estate agent Charles Booth to delay the auction of a five-bedroom Prospect house until next Thursday night, sensing some people were delaying decisions until after the result.</div>
<div> </div>
<div>The <a href="https://www.realestate.com.au/property-house-sa-prospect-127678286" target="_blank">31 Alpha Road offering</a> was a 1926 Tudor style house on 2,100 square metres with a price guide between $2.9 million and $3.1 million.</div>
<div> </div>
<div>CoreLogic calculated the number of scheduled auctions in the SA capital on the weekend was 99, up from 94 last weekend but down from 115 the weekend prior.</div>
<div> </div>
<div>
<div>Canberra's top sale was <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/90-dominion-circuit-deakin-canberra/1317497374611" target="_blank">90 Dominion Circuit, Deakin</a> which fetched $3.75 million through Luton Properties.</div>
<div> </div>
<div>The five bedroom house last sold in 1996 at $725,000.</div>
<div> </div>
<div>Canberra's cheapest sale was <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/9-2-covington-crescent-charnwood-canberra/1317497168611" target="_blank">9/2 Covington Crescent, Charnwood</a> which fetched $322,000.</div>
<div> </div>
<div>The single level two bedroom courtyard home was marketed as "in need of attention."</div>
<div> </div>
<div>Brisbane's cheapest was $466,000 for a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-algester-127593562" target="_blank">15 Stonewood Street, Algester</a>.</div>
<div> </div>
<div>It last sold at $108,000 in 1999.</div>
<div> </div>
<div>The dearest Brisbane sale was <a href="https://www.realestate.com.au/property-house-qld-stretton-127680786" target="_blank">an acreage further south</a> at 115 Frizzell Street, Stretton.</div>
<div> </div>
<div>The three bedroom house sat on a 4047 sqm holding just 18 kms out of the CBD.</div>
<div> </div>
<div>Brisbane's auction clearance rate was 55.8 percent.</div>
</div>
<div class="wp-caption"><span><span> </span></span></div>
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Carlton recruit Aaron Mullett secures $1.011 million after pre-auction offers for Flemington home

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<p dir="ltr"><span>The 12 Cross Street, Double Bay premises have been sold at auction for $14.7 million.</span> </p>
<p>The Ma family purchased the property which consists of five retail tenancies and five commercial tenancies.</p>
<p><span>It sold at a super compressed yield of 2 per cent to the family of HongKong press baron Ching-Kwan Ma.</span></p>
<p>Bidding started at $8 million with Damien Cooley of Cooley Auctions.</p>
<p><span><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/12%20Cross%20Street%20Double%20Bay%20-%201.jpg" alt=""></span></span></p>
<p dir="ltr"><span>Miron Solomons sold the property in conjunction with James Wilson at Colliers International and Matt Pontey. </span></p>
<p>“This trophy asset not only has multiple income streams, but also offers significant development upside.”</p>
<p dir="ltr"><span>The development pipeline is tipped to exceed $600 million, primarily in the form of apartments in Double Bay.</span></p>
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Ma family buys in Double Bay for $14.7 million 

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<p>This weekend, all of the busiest suburbs for auctions are in Victoria; topping the list with 23 scheduled auctions is Reservoir.</p>
<p>Following closely with 21 scheduled auctions is Preston, while Craigieburn and Brunswick will be host to 20 and 19 auctions respectively.</p>
<p>There are fewer auctions scheduled across the combined capital cities this week, CoreLogic calculated, after last week saw volumes reach their highest level so far this year (3,313).</p>
<p>CoreLogic is currently tracking 2,762 capital city auctions this week, which is expected to be lower than results from one year ago when 2,907 auctions were held.</p>
<p>Both Melbourne and Sydney, Australia’s two largest markets are set to see fewer auctions take place this week, with 1,411 Melbourne homes currently scheduled to go under the hammer, down from 1,606 last week and 978 auctions scheduled across Sydney, decreasing from the 1,259 auctions held last week. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/PREVIEW%202.jpg" alt=""></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/PREVIEW%203.jpg" alt=""></p>
<p>All of the remaining capital cities are expected to host fewer auctions this week, with the exception of Adelaide where the amount of auctions scheduled for this week are virtually unchanged from final results last week. </p>
<p>Last week, the combined capital cities saw auction volumes reached their highest so far this year with 3,313 held; the higher volumes returned a final auction clearance rate of 66.8%, which was higher than the 66.1% the previous week when volumes were significantly lower (1,992).</p>
<p>Melbourne’s final auction clearance rate last week maintained strength across a significantly higher volume of auctions week-on-week, with a total of 1,606 auctions held across the city returning a 70.6% rate of clearance, increasing from the week prior when 69.8% of the 932 auctions held were successful.</p>
<p>In Sydney, a final auction clearance rate of 65.1% was recorded across 1,259 auctions, down from the previous weeks 67.8% when 737 auctions were held. </p>
<p>Across the smaller auction markets, both volumes and clearance rates increased over the week in Adelaide, Brisbane, Canberra and Tasmania, while week-on-week results for Perth remained steady.</p>
<p>Of the non-capital city auction markets, Geelong returned the highest final clearance rate of 86.0% across 52 auctions, while the Gold Coast held the most auctions (64), however only 32.6% cleared. </p>
<p> <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/PREVIEW%204.jpg" alt=""></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/1/PREVIEW%205.jpg" alt=""></p>
<p> </p>
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Reservoir back as busiest weekend auction suburb: CoreLogic

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<p>Historic Ravenswood Run Homestead – considered the birthplace of Bendigo – remains for sale.</p>
<p>The property which offers 23 bedrooms and 18 bathrooms was listed for weekend auction.</p>
<p>The 14-hectare estate, which once had its own train station, had initial $3.6 million plus hopes.</p>
<p>Ravenswood Homestead was built in the late 1850s on the former sheep station known as the Mount Alexander North Run, which covered about 47,753 hectares.</p>
<p>It was around Bendigo’s first gold find.</p>
<p><img class="size-full wp-image-47302 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/10/ravenswood1.jpg" alt="The property has been operating as guest accommodation since the 1980s. Photo: Supplied" width="797" height="596"></p>
<p>The pre-Georgian property first began operating as guest accommodation in the 1980s.</p>
<p>The estate <a href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-4912-Calder-Highway-Ravenswood-3453/604878" target="_blank">at 4912 Calder Highway</a> includes eight servant’s quarters, a dining room capable of seating 48, a breakfast room, cellar and gym.</p>
<p><img class="size-full wp-image-47305 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/10/ravenswood4.jpg" alt="The dining room can sit up to 48. Photo: Supplied" width="802" height="532"></p>
<p>It is being sold with a redevelopment permit through Jellis Craig agent Tom May. </p>
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Ravenswood Run remains for sale

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<p>Ipswich, the urban district south west of Brisbane, provided the nation's cheapest weekend buying opportunity.</p>
<p>It <a href="https://www.realestate.com.au/property-house-qld-north+booval-127367070" target="_blank">was a $155,000 sale</a> of a three bedroom house on 1047 sqm (above).</p>
<p>But it was only for the brave renovator or buyer prepared to start from scratch after its demolition.</p>
<p>Buyers who could "look past first impressions" and "know value when they see it" were encouraged to inspect, LJH agent Nick Ryan suggested.</p>
<p>The sale price represented a loss as it had last traded at $172,500 in 2006.</p>
<p>Its price was just above its $139,000 official land value. </p>
<p>Meanwhile the national auction clearance rate edged up to 69.1 per cent across the capital cities as auction activity ramped up this week.</p>
<p>CoreLogic calculated some 1,963 homes were taken to auction, increasing from the 1,490 auctions held the prior week when 63.7 per cent of offerings found buyers under the hammer.</p>
<p>"Volumes are increasing at a slower pace," CoreLogic auction analyst Kevin Brogan said, noting on the same weekend last February there had been 2,291 offerings.</p>
<p>Sydney’s success rate soared back into the 70s with a 74.3 per cent clearance rate. </p>
<p>"It was well above the trend over the final quarter of 2017 where auction clearance rates were tracking in the low 50 per cent range," Brogan said.</p>
<p>But it was on subdued volume as the 718 offerings was down on the 856 at the same time last year.</p>
<p>Sydney had the nation's top sale when $5,390,000 was paid in Strathfield for <a href="https://www.realestate.com.au/property-house-nsw-strathfield-127278270" target="_blank">12 Elwin Street</a>. Devine selling agent Greg Emerton said it had been in the same family for 48 years. It was a solid two storey double five bedroom brick home on 1347 sqm.</p>
<p>A six-bedroom Hunters Hill home of health cookbook author Martyna Angell and her husband Matthew Candrick was another pricey Sydney sale (below).</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/19/hunters.jpg" alt=""></p>
<p>It fetched $3.685 million after the architect-designed<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-127359002" target="_blank"> Park Road</a> home was called on the market at $3.65 million.</p>
<p>Redesigned by Mark Armstrong in 2008, the home had previously traded at $2.22 million in 2013.</p>
<p>Sydney's cheapest result was an eastern suburbs studio apartment, for the second consecutive week.</p>
<p>The 28 square metre studio apartment at <a href="https://www.realestate.com.au/sold/property-studio-nsw-centennial+park-127301106" target="_blank">7E/105 Cook Rd, Centennial Park</a> fetched $390,000 pre-auction (below).</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/19/cent.jpg" alt=""></p>
<p>"It was an undercapitalised property easily accessible to Bondi Junction and the CBD," selling agent Felice Cotroneo said. </p>
<p>There had been a $506,000 at <a href="https://www.realestate.com.au/sold/property-studio-nsw-paddington-127322498" target="_blank">11/339 Oxford Street</a> on the prior weekend for a 21 square metre offering.</p>
<p>Melbourne's cheapest sale was also a studio apartment which sold at $230,000.</p>
<p>The <a href="https://www.realestate.com.au/property-studio-vic-elwood-127378518" target="_blank">22/131 Glen Huntly Rd, Elwood</a> offering had been tipped to fetch between $220,000 to $240,000.</p>
<p>Melbourne, where 923 properties went to auction, up from 619 on the prior weekend, recorded a steady 70.7 per cent preliminary clearance rate. </p>
<p>"This was the first week in some time where Sydney has outperformed Melbourne," Kevin Brogan noted.</p>
<p>Melbourne's top sale was a three-bedroom, two-bathroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-127385682" target="_blank">32A St Georges Road, Toorak</a> that sold for its reserve price of $3.2 million.</p>
<p>It had been marketed as having a $2.9 million to $3.19 million price guidance.</p>
<p>There were two bidders with an Australian investor living offshore securing the offering against bidding from a locally based Chinese family, Domain advised.</p>
<p>It was a 1930s Geoffrey Sommers designed residence with more recent renovations by Nicholas Day.</p>
<p>A knockdown four bedroom weatherboard home on <a href="https://www.realestate.com.au/property-house-vic-south+yarra-127393726" target="_blank">a 436 sqm block in South Yarra</a> fetched $3.03 million.</p>
<p>It had been tipped to fetch between $2.4 million and $2.6 million.</p>
<p>Adelaide recorded a preliminary auction clearance rate of 67.3 per cent. Prices ranged from $265,000 in Morphett Vale to $1,316,999 at Rose Park.</p>
<p><a href="https://www.realestate.com.au/property-house-sa-rose+park-127469594" target="_blank">The 16 Grant Av, Rose Park result</a> was well above the $1.1 million expectations for the four bedroom 1900 sandstone offering.</p>
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Studio apartments and knockdowns popular at weekend auctions

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<p>More than 100 registered bidders attended an auction event in Canberra last week.</p>
<p>There were 29 properties for auction with 22 selling under the hammer, reflecting a 76% clearance rate.</p>
<p>Out of the offering only one came without a registered bidder.</p>
<p>Five of the homes had more than seven registered bidders after more than 1000 inspections of the auctioned Ray White homes were undertaken.</p>
<p>Prices ranged from $430,000 to $1,452,500 including 15 Hakea Crescent, O’Connor (pictured above) with the four-bedroom 2009 home the highest result.</p>
<p>The $430,000 sale was a 150 sqm three bedroom Narrabundah apartment that had previously sold in 2003 at $285,000.</p>
<p>It was sold as a $420 a week rental until September. It had been initially listed with $475,000 hopes last year.</p>
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Canberra auctions off to a flier

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<p>Ray White Bundoora seem to be the keenest agency scheduling auctions on the Saturday before Christmas.</p>
<p>The agency in north east Melbourne have four homes on their books for the 23rd of December, the only agency in the country with a handful of auctions set for that date.</p>
<p>Two of the properties are targeting developers.</p>
<p>One of the homes in Bundoora is set to be traded for the first time in over three decades. It last sold for $75,000 in 1984 and is now being marketed with a $690,000 to $740,000 auction guide.</p>
<p>Ray White Bundoora agent Olivia Wang said its a developer's dream or a perfect opportunity for an enthusiastic renovator.</p>
<p>The <a href="https://www.realestate.com.au/property-house-vic-bundoora-127108046" target="_blank">three bedroom home</a> sits on a near 590 sqm corner parcel and has a rental appraisal of between $350 to $400 a week.</p>
<p>Another developer targeted <a href="https://www.realestate.com.au/property-house-vic-preston-127056078" target="_blank">property is in Preston</a>, nine kilometres north of the Melbourne CBD.</p>
<p>Offered with an auction guide of $820,000 to $900,000 through Joe Torzillo, the current run down home on 560 sqm has three bedrooms and two living areas, with a kitchen still in original condition.</p>
<p>It last traded for $510,000 in 2009.</p>
<p>The closest home to the Ray White Bundoora office is a remodelled and renovated <a href="https://www.realestate.com.au/property-house-vic-bundoora-127049446" target="_blank">Regan Court home</a> (top and below).</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/eve2.jpg" alt=""></p>
<p>Complete with swimming pool on its 635 sqm parcel, it is being marketed by Joe Torzillo with $820,000 to $900,000 hopes.</p>
<p>A <a href="https://www.realestate.com.au/property-house-vic-mill+park-127068642" target="_blank">Mill Park home</a> north of Melbourne goes to auction on the same day, located in the sought-after Rivergum Estate.</p>
<p>Set on 625 sqm, the family home has four bedrooms, two bathrooms and a theatre room. It has a $950,000 to $1,045,000 guide through Vanya Kostur.</p>
<p>In NSW there is <a href="https://www.realestate.com.au/property-unit-nsw-east+gosford-127084954" target="_blank">a Gosford district offering</a> at 3.30pm on Saturday December 23.</p>
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