Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Auctions

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Mixed-use retail assets continue to find favour with investors, most recently evident from the ongoing auction campaign to sell two lots in Sydney’s Inner West, say Cushman &amp; Wakefield.
Located at <a href="https://www.commercialrealestate.com.au/property/lots-1-2-270-liverpool-road-ashfield-nsw-2131-2013999807" target="_blank">270 Liverpool Road</a> (pictured above) in Ashfield’s retail strip, the lots comprise two brand new strata retail stores tenanted by ANZ Bank and Chemist Warehouse.
According to Cushman &amp; Wakefield, the strong interest in the upcoming auction for the two lots has been driven primarily by high net worth individuals and family investors, both from the local area but also interstate and overseas. These investors are attracted to the long term capital growth presented by the retail sites.
With the rise in medium and high density housing, there has been a significant effect on the way we work, shop and live, say Cushman &amp; Wakefield.
This is also driving experiential and mixed use retail as retailers look to meet the challenge from online shopping.
Demand for mixed use retail and lively high streets storefronts are, in part, also in response to increasingly compact living spaces that are impractical for entertaining.
For developers, the mixed use retail component of a development can generate significant returns, and margins can be increased through maximising the retail pricing and refining their strategy.
“With an apartment tower and space below you effectively create a vertical community,” says Cushman &amp; Wakefield’s head of Research Dominic Brown.
“The retail offers more than convenience; the right tenant emphasises that local village atmosphere and occupiers buy into the concept of a café where the barista knows their order, or bank where the teller knows their name.
“The natural solution for residential adjacent retail is convenience retailing, however, any business offering something the internet can’t is ideal. An experience or service element which is not appealing or available for online purchase will be well received by any resident.”
The two lots going to auction on December 5 reflect this trend.
<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/2017/11/24/Ashfield2.jpg" alt="">
Lot 1 is occupied by Chemist Warehouse, which is on a new 10-year lease to 2027 plus options to 2037.
The net income from the property is $434,687 per annum plus GST.
The net lettable area is 789 square metres.
Lot 2 is lease to ANZ Bank which is on a seven-year lease to 2023 plus options to 2033.
The net income from the property is $253,838 per annum plus GST.
Its net lettable area is 274 square metres.
Both properties have 4% annual increases.
The listing agent is Anthony Bray.
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prateek24-ezbwHMbNAk

Mixed-use retail values boosted by surging residential development: Cushman & Wakefield

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Scotch College, the independent school in Hawthorn, not so subtly alerted any rival bidders to their likely intentions of purchasing a home at the weekend by attaching plaques to all the homes they owned nearby.
The school secured <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-126804066" target="_blank">7 Hambledon Road</a> in Hawthorn this weekend for $3.3 million, but not before onlookers were querying the school's tactics before the Marshall White auction.
Small signs popped up pre-auction on the fences outside the many homes they owned (above) on the road.
There was an auction eve email notice to current tenants of the homes (below) from the Jellis Craig property management office alerting tenants to the placement of the plaque outside their home. 
They were just there for the day!
<img src="http://marketnews.com.au/wp-content/uploads/Scotch-252x448.jpg" alt="Scotch" width="252" height="448">
According to the buyers' agent Mal James, the school outbid everyone at the passed in auction, but was then 'powerlifted' a whopping $300,000 after post-auction negotiations inorder to secure their purchase.
James queried "why would a school so overtly telegraph a property they wanted to buy?"
He then ventured on his website - "If it’s to prevent other bidders bidding, then how does that sit with the Sale of Land Act legislation, prohibiting that?"
James also contemplated if it was about the seller, "why would the school antagonise a person they want to buy off?"
Earlier this year Scotch College paid $1 million over reserve for number 20 Hambledon Road.
With its most recent purchase, the school now owns all but 10 of 27 houses in Hawthorn’s Hambledon Road. It has spent about $28 million on property in adjacent Hambledon and Fordholm roads alone.
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jchancellor-FAypfDUnLy

Scotch College attach ownership plaques to the many houses they own before latest Hambledon Road, Hawthorn auction

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In a mortgagee sale, 21 apartments in Melbourne’s Donvale are being sold off at auction in one line on December 20.
The apartments at <a href="https://www.realestate.com.au/property-apartment-vic-donvale-126952610" target="_blank">148-150 Mitcham Road</a> come in configurations of one, two and three bedrooms. 
The apartments are nearly 80% completed, according to the ad description. Also on offer are 26 car spaces.
This development is being offered on an "as is" basis by the mortgagee in possession.
The sale is through John Castran of Castran and Bernard Corser of Corser Property.
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jonathanchancellor-7SQnKwU6yx

Incomplete apartments up for auction in mortgagee sale at Melbourne's Donvale

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Adelaide's landmark 1880 water tower offering certainly stood out among the weekend auctions.
The seven level Semaphore property had been been listed for sale by the Stibr family for the first time in four decades.
Set 14 kilometres north west of Adelaide, the water tower home is currently three bedrooms and two separate self-contained units.
The expansive top floor takes in 360 degree views over the whole of the city, beach and hills.
It sold for $1.2 million at weekend auction. <a href="https://www.realestate.com.au/property-house-sa-semaphore-126567366" target="_blank" rel="noopener noreferrer">The tower</a> (picture above) was knocked down to a Sydney insurance broker, Daniel Johnson and wife, Virginia who haven’t made any firm decision on what they will do with the property.
“We want to make it the amazing place it could be,’’ Mr Johnson said.
"It could be an art gallery with a restaurant. It could be accommodation," they told the Adelaide Advertiser.
Adelaide had a 65 percent success rate across its 126 auctions, virtually unchanged from the prior weekend's 64.1 percent across 129 auctions, and pretty much the same as this time last year.
But with the weakening in Sydney and to a lesser extent in Melbourne, Adelaide's weekend success rate sat third among the capitals, behind Canberra's 72.9 percent success rate with Melbourne in second place with 71.4 percent of its auctions finding buyers.
Adelaide had the nation's cheapest sale when <a href="https://www.realestate.com.au/property-house-sa-hackham-126682466" target="_blank" rel="noopener noreferrer">29 Grenache Road, Hackham</a> sold for $239,000.
The 1970s sandstone brick house was offered with $225,000 price guidance having last traded in 2000 at $85,000. It had been listed as a $295 a week rental earlier this year.
In Canberra, 125 auctions were held with prices ranging from $348,000 at Bruce to $1.73 million at Red Hill.
<a href="https://www.realestate.com.au/sold/property-unit-act-bruce-126777590" target="_blank" rel="noopener noreferrer">The low rise two bedroom Bruce apartment</a> was set in The Hub complex.
The Red Hill sale was a four bedroom renovated cottage on 1155 sqm at <a href="https://www.realestate.com.au/property-house-act-red+hill-126722730" target="_blank" rel="noopener noreferrer">246 La Perouse Street</a> that had traded at $985,000 in original 1960s condition.
There were 2,894 auctions held across the combined capital cities returning a preliminary national auction clearance rate of 66.5 per cent.
Clearance rates have continued to track below 70 per cent since June the year, CoreLogic's auction analyst Kevin Brogan noted.
Brisbane, with only 45.7 per cent of auctions cleared, was the weakest capital city. Its sale ranged between $295,000 at Woody Point and $1.1 million at Kedron.
<a href="https://www.realestate.com.au/property-house-qld-woody+point-126649278" target="_blank" rel="noopener noreferrer">The two bedroom 1960s Woody Point offering</a>, set 500 metres from the beach in the Redcliffe district, had sold at $200,000 in 2013.
The Kedron sale was a 2015-built five bedroom Amelia Lee-designed home at <a href="https://www.realestate.com.au/property-house-qld-kedron-126687578" target="_blank" rel="noopener noreferrer">18 Thirteenth Avenue</a>.
Melbourne's 71.4 per cent success rate was recorded across 1,299 auctions this week, down from last week’s final clearance rate of 74.3 per cent across just 318 auctions.
Melbourne's strongest clearance rate was recorded across the West region with an 82.2 per cent success rate across 189 auctions.
Melbourne had the nation's top sale when $6.4 million was paid for a Toorak offering through RT Edgar.
The likely knock-down at <a href="https://www.realestate.com.au/property-house-vic-toorak-126537138" target="_blank" rel="noopener noreferrer">22 Lansell Road</a> had $5.5 million to $6 million pre-auction price guidance.
It last sold at $160,000 in 1979 on its 600 sqm corner block.
Sydney returned a preliminary auction clearance rate of 64.4 per cent this week, rising from last week’s revised final 59.8 per cent result, while one year ago 81.4 per cent of Sydney homes taken to auction were successful.
Auction volumes decreased week-on-week, with 1,089 auctions held this week, down from the 1,232 held last week.
The Ryde sub-region of Sydney recorded the highest preliminary clearance rate this week, with 88.6 per cent of the 49 auctions held reporting as sold.
Sydney's cheapest sale was a one bedroom, one bathroom duplex villa at Bexley when $411,000 was paid for <a href="https://www.realestate.com.au/property-villa-nsw-bexley-126680462" target="_blank" rel="noopener noreferrer">2/15 Caledonian Street</a>. There had been $400,000 to $440,000 price guidance.  Offered previously as a $370 a week rental, it had traded in 2013 at $305,000.
It's LJ Hooker agent Vesna Apoleska marketed it as "the best buy in town."
Perth’s clearance rate of 61.9 per cent across 39 auctions was amongst its highest recorded this year. Over the same week last year, the Perth clearance rate was a lower 37.5 per cent, and 43 auctions were held.
Perth's top notified result was <a href="https://www.realestate.com.au/property-house-wa-victoria+park-126677750" target="_blank" rel="noopener noreferrer">$1 million at Victoria Park</a> when a four bedroom renovated house sold through Boston &amp; Co.
The late 1920s home had last sold at $965,000 in 2009.
"30 Mackie Street taps into the easy Western Australian way of life with seamless indoor outdoor living," the marketing advised.
"It's a healthy walk to the exciting new Perth Stadium," it also suggested.
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j.ballantyne1990-6AQqhLzZaK

Canberra towers over other capitals with late spring auction success rate

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Having just spent over $2 million on a house in Stanmore, ABC 7.30 presenter Leigh Sales has secured the pre-auction sale of her Federation Glebe residence.
Sales paid $2,675,000 for the 150 square metre freestanding home in 2015.
The garden home on 400 square metres has four bedrooms, two bathrooms and a rear living-dining area that opens to the backyard.
BresicWhitney Balmain agents Andrew Liddell and Matthew Carvalho had a $3 million price guidance for the November 4 auction following her separation from husband, Phil Willis. But the guidance was revised to $2.8 million, which then attracted the competitive buying interest.
Sales recently secured a five bedroom home in Stanmore.
The 1900s home has been updated since it traded for $840,000 in 2005.
This article first appeared in The Sunday Telegraph.
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Leigh Sales sells in Glebe 

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Camberwell is the busiest individual suburb for auctions across the nation this week, with 27 residential homes set to go under the hammer, followed by Reservoir (25), South Yarra (23) and Craigieburn (22) all of which are in Victoria. 
Camberwell's offerings include <a href="https://www.realestate.com.au/property-house-vic-camberwell-126531382" target="_blank">a two bedroom Californian bungalow</a> on a 697 sq m Athelstan Road block with $2 million to $2.2 million hopes.
The combined capital cities are expected to see a surge in auction activity this week, with 3,451 homes scheduled to go under the hammer; this is an increase of 37 per cent when compared to last week’s final results which saw 2,519 properties taken to auction, CoreLogic advise. 
The last time volumes reached a similar level was the pre-Easter week ending the 9 April this year when final figures saw 3,517 auctions held across the capitals. 
While these counts are preliminary, as the week progresses and results are collected, the number of homes taken to auction tends to revise up, which means that it’s likely this week will not only supersede April figures, but also surpass the peak in volumes recorded over the week ending 20 March 2016 (3,540).
Melbourne is set to see the most notable increase in activity this week, with volumes expected to rise by 48 per cent on last week’s figures; with 1,846 Melbourne homes scheduled to go to auction, increasing from the 1,251 held last week. The highest volume of auctions on record for Melbourne was recorded over the week ending 29 Nov 15 (1,876), so this week may very well overtake that record.
<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/2017/10/26/Auctions.jpg" alt="" style="font-size: 12.16px;">
The REIv also think the Victorian property market is gearing up for what could be the biggest auction weekend in the state’s history with the REIV counting around 1,900 homes expected to go under the hammer this weekend. 
They had the previous record for auctions held in a single weekend was set in November 2015 when 1,712 auctions were held. 
The REIV suggest a remarkable 1,826 auctions are scheduled for this Saturday alone with around 75 auctions being held on Sunday, including the five Block properties.
Across Australia’s other largest capital city, Sydney volumes are set to increase to a lesser extent with 1,144 properties scheduled to go to auction this week, rising by 39 per cent from last week’s 823 auctions, making it the third busiest week for auctions for the city so far this year.
Across the remaining auction markets, activity is expected to fall across all of the smaller capital cities with the exception of Canberra where more auctions are scheduled this week.
Last week, the final auction clearance rate across the combined capital cities fell to 64.7 per cent across 2,519 auctions, decreasing from the 67.1 per cent across a slightly higher 2,525 auctions the week prior. Compared to one year ago, the clearance rate was a significantly higher 78.1 per cent, while volumes were slightly higher (2,680).
Across Melbourne, auction volumes rose with 1,251 held, however final figures saw the clearance rate drop to 70.3 per cent, down from the week prior when 73.2 per cent of the 1,223 auctions cleared. In Sydney, the final auction clearance rate fell to 61.3 per cent last week, from 63.3 per cent the previous week across a lower volume of auctions, with 823 auctions held across the city, decreasing from 928 the week prior.
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Across the smaller auction markets, clearance rates improved in Brisbane and Tasmania, while Adelaide, Canberra and Perth all recorded lower clearance rates. 
Geelong was the best performing non-capital city region last week, with 68.8 per cent of the 44 auctions successful. However, the Hunter region was host to the highest number of auctions (49).
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Camberwell headlines near-record Super Saturday Melbourne auction offerings

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Jockey Brad Rawiller’s trackside Ascot Vale townhouse was among the Melbourne weekend offerings that just got across the line.
Rawiller and his wife Carolyn secured $980,000 post-auction for their <a href="https://www.realestate.com.au/sold/property-house-vic-ascot+vale-126399910" target="_blank" rel="noopener noreferrer">three-bedroom riverside townhouse</a> (picture above) located just across the road from the Flemington Racecourse.
It was sold by the upsizing couple shortly after being passed in at $970,000, having been their home for 17 years. It last traded at $380,000 in 2000, reflecting 5.6 percent annual price growth.
Rawiller was at Caulfield where he rode Burning Front into second place in the Moonga Stakes.
Next weekend Melbourne get's its traditional spike in pre-Derby Day-Cup Day Super Saturday listings.
There are around 1700 homes set to go under the hammer, which will be an all-time record for a Melbourne Saturday.
Saturday will present buyers with the biggest choice of homes since the pre-Easter 2016 Super Saturday when 1598 homes went under the hammer.
With more than 1000 homes up for auction next weekend, Sydney will have its second biggest weekend of the year.
"The market will be well and truly tested next weekend," Domain chief economist Dr Andrew Wilson said.
A total of $500 million worth of property was reported sold across Melbourne over the weekend, with Sydney buyers wagering around $300 million on their property outlays.
The national preliminary auction clearance rate sat below 70 percent, according to CoreLogic.
The combined capital cities returned a preliminary auction clearance rate of 69.4 per cent this weekend.
The trend towards softer auction market conditions has been led by the Sydney market, Kevin Brogan, the CoreLogic auction analyst said.
Auction volumes were similar week-on-week, with 2,471 properties taken to auction, compared to 2,525 last week.
This time last year a clearance rate of 78.1 per cent was recorded.
Melbourne had the priciest declared weekend sale across the nation when a Parkville terrace fetched $5.6 million.
It was the grand two storey home of architect Roger Wood, the co-founder of Wood Marsh, and his wife Shelley Lasica.
The <a href="https://www.realestate.com.au/property-house-vic-parkville-126461554" target="_blank" rel="noopener noreferrer">108 Park Drive</a> property, an 1880s charmer had a $3.8 million reserve with Nelson Alexander Carlton North agent Peter Stephens who told the Herald Sun four bidders pursued the three-bedroom house.
The couple paid $965,000 in 2002 before the renovation which included putting in a 12m-long wine cellar.
There was also a $6.56 million undisclosed sale in Hawthorn. The 10 Riversdale Court offering had three bidders, with just the two after it was announced on the market at $5.8 million. 
<a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-126512186" target="_blank">Yarrayum</a>, was is a split-level contemporary brick family home with views of the Yarra and the city skylines through a beautiful rare Tulip tree on a 803sqm block.
There was also the undisclosed $6.4 million sale at 18 Coleridge Street, Kew. There were the five bidders after a $6,050,000 bid saw Marshall White auctioneer James Tostevin announce that the <a href="https://www.realestate.com.au/sold/property-house-vic-kew-126484438" target="_blank">five bedroom, five bathroom property</a> was on the market.
The private rear garden comes with solar heated in-ground pool designed by Dave Franklin from Franklin Design.
Melbourne's 73.3 per cent success rate across 1,030 results remained the mainland's strongest market.
There were 1,224 properties taken to auction across the city, up from 1,223 last week when the final clearance rate was recorded at 73.2 per cent.
Over the same week last year, 1,377 auctions were held and a clearance rate of 80.6 per cent was recorded.
Sydney was host to 806 auctions this week with a preliminary clearance rate of 68.8 per cent, up from the final 63.3 per cent tally last week across 928 auctions.
One year ago, 897 auctions were held across Sydney and 82.6 per cent were successful.
The strongest of the 15 sub-regions were the Northern Beaches (83.1 per cent), Eastern Suburbs (78.4 per cent), City and Inner South (78.2 per cent) and North Sydney and Hornsby (74.4 per cent) regions. 
But the highest sale came from the Sutherland Shire when $5,020,000 <a href="https://www.realestate.com.au/property-house-nsw-burraneer-126473982" target="_blank" rel="noopener noreferrer">a Burraneer Bay waterfront</a> was sold.
It was a three bedroom home at 10 Wren Place.
Highlands Property Cronulla selling agent David Highland said there had been 80 inspections over the four week marketing campaign withy four contracts issued.
Canberra is closing in on Sydney's spot as the typically second strongest market.
Across Canberra, 72 homes were taken to auction this weekend. Preliminary results show a clearance rate of 68.3 per cent, down from 72.2 per cent the previous week. 
Canberra prices ranged between $478,000 at Bonner and $1.399 million in Turner.
The $478,000 sale was a three bedroom townhouse in the Motown complex at <a href="https://www.realestate.com.au/property-house-act-bonner-126599102" target="_blank" rel="noopener noreferrer">15/29 Muriel Stewart Cct</a>.
The <a href="https://www.realestate.com.au/property-townhouse-act-turner-126524470" target="_blank" rel="noopener noreferrer">1/12 Gould Street, Turner</a> triplex four bedroom townhouse offering had sold at 41 million in 2008.
The preliminary clearance rate in Brisbane this week rose to 51.5 per cent, from 46.1 per cent last week. Auction volumes were unchanged week-on-week with 171 homes taken to auction.
Brisbane's outskirts had the cheapest house sale when a three bedroom at Woodridge in Logan City was sold for $225,000.
The <a href="https://www.realestate.com.au/property-house-qld-woodridge-126498734" target="_blank" rel="noopener noreferrer">9 Claverton Street </a>offering had sold in 2014 at $229,000.
In Adelaide, a 66.1 per cent preliminary result was recorded this week across 147 auctions. Last week, 93 Adelaide auctions returned a clearance rate of 65.9 per cent for the city, while at the same time last year, 100 homes were taken to auction, with 71.3 per cent recording a successful result.
Adelaide sales included a sandstone and brick home that <a href="https://www.realestate.com.au/property/22-grant-ave-rose-park-sa-5067" target="_blank" rel="noopener noreferrer">fetched $1.146 million at Rose Park</a>.
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Galloping to sell: Melbourne auction levels at all-time high

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The latest Millers Point auctions saw seven terrace properties selling under the hammer for a combined $18,741,000.
To date, McGrath has sold 136 properties with a total value of over $415 million, as part of the Millers Point sales program.
Commenting on the continued 100% success rate, McGrath agent Lorraine Crawford said it was a very successful night with competitive bidding across all seven properties.
There were 28 registered parties placing 432 bids on the night.
The sales included:
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment/nsw/sydney-cbd/the-rocks/352262" target="_blank">52 Gloucester Street</a>, The Rocks, NSW
$2,000,000
<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/2017/10/12/52%20Gloucester.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356664" target="_blank">5 Windmill Street</a>, Millers Point, NSW
$2,400,000
<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/2017/10/12/5%20Wind.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356671" target="_blank">63 Kent Street</a>, Millers Point, NSW
$2,530,000
<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/2017/10/12/Kent5.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/331234" target="_blank">85 Lower Fort Street</a>, Millers Point, NSW
$2,570,000 
<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/2017/10/12/85%20Lower%20Fort.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/326256" target="_blank">75 Windmill Street</a>, Millers Point, NSW
$2,680,000
<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/2017/10/12/75%20Wing.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356667" target="_blank">30 Kent Street</a>, Millers Point, NSW
$3,000,000
 <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/2017/10/12/Kent.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356670" target="_blank">26 Argyle Place</a>, Millers Point, NSW
$3,561,000
<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/2017/10/12/26%20Argyle.jpg" alt="">
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Millers Point terraces sold for $18.7 million total

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Preliminary auction volumes bounced higher after last week’s long weekend, according to CoreLogic’s latest report, however clearance rates remained below 70% everywhere except Melbourne.
Auction activity across the combined capital cities increased this week after last week’s grand final, school holidays and public holiday slowdown.
2,286 homes were taken to auction, returning a preliminary auction clearance rate of 68.1 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/10/08/Screen%20Shot%202017-10-08%20at%2011.33.07%20am.jpg" target="_blank">Click to enlarge</a>
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The national preliminary clearance was up from the 66.3 per cent of the prior weekend.
Melbourne was the only capital city to record a preliminary clearance rate in the 70s at 72.1 percent, while clearance rates across Sydney remained below 70 per cent for the eleventh consecutive week.
Compared to one year ago, clearance rates continue to track lower with final results from the corresponding week last year recording a 76.4 per cent clearance rate, while volumes were a similar 2,290.
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Melbourne’s preliminary auction clearance rate was recorded at 72.1 per cent this week, down from the recent high of 87.0 per cent last week when volumes fell considerably (122).
This week, Melbourne was host to 1,111 auctions, similar to the same time last year when there were 1,114 Melbourne auctions held and 78.4 per cent cleared.
The Inner region of Melbourne had the highest number of auctions this week (198), with a preliminary clearance rate of 65.3 per cent.
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The North East region recorded the highest clearance rate with 78.4 per cent of the 152 auctions successful.
Sydney’s preliminary clearance rate this week was 67.2 per cent across 591 auction results.
There were a total of 800 auctions held across the city, increasing from the 607 auctions last week when 64.9 per cent cleared.
Over the corresponding week last year, a slightly lower 816 auctions were held across Sydney and a clearance rate of 79.8 per cent was recorded.
North Sydney and Hornsby hosted the most auctions of any Sydney sub-region this week, with 121 properties taken to auction.
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The preliminary clearance rate for the region is 72.1 per cent across 86 results.
There were 149 Brisbane homes taken to auction on the weekend recording a preliminary auction clearance rate of 49.5 per cent, unchanged from final results last week and slightly lower than one year ago, when 53.5 per cent of the 157 properties taken to auction were successful.
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A total of 108 Adelaide homes were taken to auction, with a preliminary clearance rate of 65.3 per cent, down from 71.1 per cent last week when 40 auctions were held across the city.
It was lower than one year ago when 98 auctions were held and 75.3 per cent cleared.
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There were 33 Perth auctions this week, with a preliminary clearance rate of 60 per cent.
Last week, 70 per cent of the 13 auctions held were successful.
Canberra’s preliminary auction clearance rate of 62.7 per cent this week is lower than last week, when the final auction clearance rate was 75.7 per cent and also lower than the 85 per cent recorded last year.
 
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National auction success rates softening as volumes bounces after long weekend break: CoreLogic

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The long weekend saw significantly fewer auctions, according to CoreLogic’s latest report.
The property data firm says that the clearance rate held firm.
The combined capital cities saw significantly fewer auctions this week, with a total of 953 auctions held; the lower activity a result of most states being host to a long weekend as well as both the AFL and NRL grand finals taking place.
Despite lower auction volumes, clearance rates held firm, returning a preliminary result of 69.4 per cent, rising from the 66.2 per cent last week when final results saw volumes reach their highest level since May this year (2,782).
<a href="https://www.propertyobserver.com.au/images/2017/10/01/Screen%20Shot%202017-10-01%20at%2011.34.00%20am.jpg" target="_blank">Click to enlarge</a>
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Melbourne was the main driver of the strong clearance, with a preliminary result just under 90 per cent.
Over the same week last year, activity was equally subdued, with 872 auctions held and 75.8 per cent successful.
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Brisbane was the only capital city to see a rise in volumes week-on-week.
Melbourne saw the most significant drop in volumes this week, with only 118 auctions held.
With such a low volume of auctions held, the preliminary auction clearance rate bounced higher to reach 89.4 per cent, rising on last week’s 70.6 per cent across a much higher 1,361 auctions.
While one year ago, 114 auctions were held and an 87.2 per cent clearance rate were recorded.
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The busiest sub-region this week was Melbourne’s West, despite the grand finals slowdown the region recorded a preliminary auction clearance rate of 92.0 per cent across the highest volume of auctions (32).
In Sydney, 597 auctions were held this week, down from 1,033 over the previous week, however higher than the 530 auctions held over the corresponding week last year.
The preliminary clearance rate of 69.1 per cent is up from the 65.9 per cent last week, and lower than the 82.5 per cent one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/10/01/Screen%20Shot%202017-10-01%20at%2011.34.27%20am.jpg" target="_blank">Click to enlarge</a>
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Across the Sydney sub-regions, the Northern Beaches region recorded the highest rate of clearance with 87.0 per cent of the 64 auctions clearing, while the Northern Sydney and Hornsby region held the most auctions (79).
Brisbane’s preliminary auction clearance rate this week was 48.3 per cent, down slightly from 48.7 per cent the week prior.
Auction volumes increased week-on-week, with 140 auctions held, up from the 126 last week and higher than the 115 one year ago when 43.8 per cent cleared.
<a href="https://www.propertyobserver.com.au/images/2017/10/01/Screen%20Shot%202017-10-01%20at%2011.34.35%20am.jpg" target="_blank">Click to enlarge</a>
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Across the Gold Coast, 25.9 per cent of the 27 reported auctions were successful.
A total of 40 Adelaide homes were taken to auction this week, recording a preliminary auction clearance rate of 79.3 per cent across 29 results, up from 75.7 per cent over the same week last year when 45 auctions were held across the city.
<a href="https://www.propertyobserver.com.au/images/2017/10/01/Screen%20Shot%202017-10-01%20at%2011.34.42%20am.jpg" target="_blank">Click to enlarge</a>
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In Perth, only 13 auctions were held this week, recording a preliminary clearance rate of 75.0 per cent across 8 results, which is higher than both last week’s result (28.2 per cent) and the clearance rate from one year ago (45.5 per cent), however volumes were lower this week.
Across Canberra a total of 44 auctions were held this week, compared to 86 last week and 49 at the same time last year. Canberra’s preliminary clearance rate of 75.7 per cent is higher than it was the previous week (67.9 per cent).
 
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