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 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
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.
</section>
</section>

[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

<html><body>
Auction volumes have increased across all but one of the capital cities this week with a total of 2,759 homes taken to auction, making it the busiest week for auctions since the end of May.
So far, 2,226 results have been reported to CoreLogic, returning a preliminary clearance rate of 70.7 per cent, up from last week’s final clearance rate of 66.7 per cent across 2,510 auctions according to CoreLogic’s latest report..
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.57.48%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.57.48%20am.jpg" alt="">
The final clearance rate across the combined capital cities has been holding around 66 per cent for the last 3 weeks so it will be interesting to see if this is the case again on Thursday once the remaining results have been collected.
One year ago, the final auction clearance rate was recorded at 75.4 per cent and there were 2,480 auctions held across the capital cities.
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.57.58%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.57.58%20am.jpg" alt="">
Melbourne was host to 1,359 auctions this week and so far, 1,140 results have been reported, returning a preliminary clearance rate of 73.9 per cent, while last week, 1,265 auctions were held and a final clearance rate of 71.4 per cent was recorded.
At the same time last year, Melbourne’s clearance rate was 77.2 per cent across 1,103 auctions.
Looking at the sub-regions, the Inner region was the busiest for auctions across Melbourne, with 273 homes going up for auction.
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.13%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.13%20am.jpg" alt="">
Preliminary results show that 72.0 per cent of the 239 reported results were successful.
The North West region recorded the strongest clearance rate of 85.4 per cent across 101 auctions.
Sydney’s preliminary auction clearance rate was 71.5 per cent across 1,014 auctions this week, after last week saw the final clearance rate slip below 65 per cent for the first time this year (64.2 per cent across 916 auctions), although as usual this is likely to revise lower over the next few days as more results are collected.
The current clearance rate across Sydney is significantly lower than this time last year when 80.4 per cent of the 946 auctions held were successful.
There were 7 Sydney sub-regions that recorded an individual clearance rate higher than the city as a whole this week.
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.22%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.22%20am.jpg" alt="">
Northern Beaches (84.7 per cent), Central Coast (84.6 per cent) and Ryde (84.6 per cent) had the highest clearance rates.
Across Brisbane the preliminary clearance rate was 51.5 per cent this week.
There have been 99 auctions reported to CoreLogic, with a total of 125 held across the city, down from 133 last week.
For the Gold Coast, 16 results have been reported with a success rate of 37.5 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.33%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.33%20am.jpg" alt="">
There were 122 Adelaide auctions this week, compared to 100 last week and 131 at the same time last year.
The cities preliminary clearance rate this week was 60.6 per cent, down from 68.2 per cent last week and lower than one year ago (78.2 per cent).
<a href="https://www.propertyobserver.com.au/images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.43%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/24/Screen%20Shot%202017-09-24%20at%2011.58.43%20am.jpg" alt="">
Perth’s clearance rate of 36.0 per cent across 25 auction results is similar to last week, when 33 auctions were held and a clearance rate of 35.7 per cent was recorded.
Over the same week last year, the clearance rate was a lower 29.5 per cent, and 50 auctions were held.
In Canberra, 69.2 per cent of the 78 reported auction results for Canberra were sold this week, down from 71.9 per cent last week and higher than last year (68.4 per cent).
There were 3 Tasmanian auctions reported to CoreLogic this week, with 2 sales.
</body></html>

j.ballantyne1990-6AQqhLzZaK

National auction clearance rate sits at 70 percent: CoreLogic

<html><body>
Of the 720 results from a recent weekend's scheduled auctions, around 220 had sold prior to auction, CoreLogic calculated. 
That was higher than the 160 passed in and not that far off the 284 houses and units sold under the hammer. There were over 50 withdrawn from auction, reasons unknown.
The number of vendors accepting pre-auction offers has risen dramatically in recent weeks.
The decision can typically be put down to one of two reasons.
The first scenario is that the sellers got an offer too good to be true, and this is still happening a bit.
But the more likely scenario in many markets across Sydney is that the anxious buyers have taken their estate agent's advice to accept the best, and possibly only offer, that had emerged during the first few weeks of the auction marketing campaign.
More often than not these offers come from frustrated, but increasingly savvy, long-standers in the market who have done their due diligence, and perhaps know the market better than any rookie, or overly optimistic, listing agent.
In a rising market, it’s often to the buyers' advantage to secure the property without the competition of others, though most often the vendor will go through to auction.
But in a softening market it is possible playing your cards right might entice the vendor to sell early to your likely advantage. 
Auction clearance rates have deteriorated in most suburbs during winter.
Those peaks of 80 percent plus this time last year are long gone, with the recent results sitting in the high 60s.
Some agents are telling their vendors to hold their nerve, to wait until after auction when hopefully more buyers have passed the tougher loan requirements that are certainly a brake on the market.
Negotiating on any property sale or purchase is about balancing the actual and perceived risks and rewards.
Agent John McGrath's says the tip for buying prior to auction starts by simply telling the agent you’re interested and ask if the vendor will sell privately.
Letting the agent know you have pre-approved finance is important. Advise also that you are happy to waive the cooling off period.
Then offer a price that is still some distance from your maxed out, walk-away figure. Vendors will assume your first offer isn’t your best so leave wiggle room. Even cheekily sign a contract and a cheque at your nominated offer as that will certainly prompt the vendors to think harder than just an oral offer.
There is always the prospect your pre-auction offer may be rejected, and then be used by the agent as a price floor on auction day. On the other hand in a flat market it may emerge there is no another buyer.
There is always the risk of paying more than you needed to whether its is buying pre-auction, under the hammer or post-auction.
But beware focusing purely on the reward of securing a lower price might raise the risk that another buyer trumps you - and you miss out on the house you love.
This article first appeared in the Daily Telegraph.
</body></html>

jchancellor-FAypfDUnLy

Number of vendors accepting pre-auction offers has risen dramatically

<html><body>
There's been a slight improvement in the national auction clearance rate, according to CoreLogic’s latest report, which comes as spring auction volumes have also increased.
The combined capital city preliminary clearance rate increased to 70.2 per cent this week.
It was after last week’s revised final clearance rate fell to 66.4 per cent, which was the lowest combined capital city clearance rate so far this year, down -0.1 per cent from the previous low seen over the week ending 25 June 2017 (66.5 per cent), and also the lowest clearance rate since June 2016.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.14%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.14%20am.jpg" alt="">
"It will be interesting to see what the final clearance rate looks like on Thursday once the remaining records have been captured," CoreLogic auction analyst Kevin Brogan.
Auction volumes increased week-on-week with 2,225 properties taken to auction this week, up from 2,074 last week, and higher than this time last year (2,062).
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.32%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.32%20am.jpg" alt="">
Across Melbourne, preliminary results show that 73.2 per cent of the 938 reported auctions sold this week.
There were 1,097 properties taken to auction across the city, up from 976 last week when the final clearance rate was recorded at 71.3 per cent.
Over the same week last year, 974 auctions were held and a clearance rate of 78.3 per cent was recorded.
The Inner region of Melbourne had the highest number of auctions this week (214), with a preliminary clearance rate of 71.7 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.49%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.49%20am.jpg" alt="">
However, the strongest rate of clearance was recorded across the North West region, where 86.6 per cent of the 82 reported auctions were successful.
7 of the 9 sub-regions recorded clearance rates above 70.0 per cent.
Sydney was host to 810 auctions this week and a preliminary clearance rate of 72.3 per cent was recorded, rising from 65.5 per cent last week across 779 auctions, although this will fall over the week.
One year ago, 758 auctions were held across Sydney and 80.6 per cent were successful.
Looking at the sub-regions of Sydney, 4 of the 15 sub-regions recorded clearance rates above 75.0 per cent with the stand outs being the Northern Beaches (85.5 per cent), Ryde (81.2 per cent) and Baulkham Hills and Hawkesbury (80.0 per cent) regions.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.01%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.01%20am.jpg" alt="">
The lowest clearance rate was recorded across the Sutherland region where 57.1 per cent of the 42 reported auctions were successful.
The preliminary clearance rate in Brisbane this week was 43.9 per cent, down from 45.6 per cent last week.
Auction volumes were similar this week with 137 auctions held, compared to 138 last week.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.11%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.11%20am.jpg" alt="">
Meanwhile, across the Gold Coast, 29.4 per cent of the 34 reported auctions were successful.
In Adelaide, a 67.2 per cent preliminary result was recorded this week across 74 auctions.
Last week, 76 Adelaide auctions returned a clearance rate of 50.0 per cent for the city, while at the same time last year, 88 homes were taken to auction, with 68.0 per cent recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.23%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.23%20am.jpg" alt="">
Perth’s clearance rate of 36.8 per cent across 19 auction results is lower than last week, when 26 auctions were held and a clearance rate of 62.5 per cent was recorded.
Over the same week last year, the clearance rate was a lower 27.3 per cent, and 29 auctions were held.
Across Canberra, 72 homes were taken to auction this week.
Preliminary results show a clearance rate of 69.2 per cent, up from 66.1 per cent the previous week.
Tasmania was host to four auctions this week and so far three have been reported with just one successful sale.
</body></html>

Spring auction volumes on the rise: CoreLogic 

<html><body>
The first week of August saw a dip in auction volumes, according to CoreLogic’s latest report.
But the property data firm says that preliminary auction clearance rose to 71.5 percent.
The first week of August saw fewer auctions held across the combined capital cities, with 1,846 held this week, down from the 1,987 auctions held last week, however higher than the 1,540 auctions one year ago.
The preliminary auction clearance rose to 71.5 per cent, after last week saw the final auction clearance rate fall slightly to 68.7 per cent (revised lower from a preliminary clearance of 70.7%).
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.02%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.02%20am.jpg" alt="">
Over the last month, auction volumes have remained relatively steady and while clearance rates have shown a softening, final results have been consistently in the high 60 per cent range since the first week of June.
Across the two larger auction markets, Melbourne continues to show resilience to softening conditions relative to Sydney, with Melbourne’s clearance rate recording in the mid-high 70 per cent range for another week (75.7 per cent), while Sydney’s preliminary auction clearance rate increased over the week (71.5 per cent).
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.19%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.19%20am.jpg" alt="">
Last week Sydney recorded its lowest rate of clearance so far this year (65.4 per cent).
In Melbourne, Australia’s largest auction market, 75.7 per cent of the 799 reported auctions sold this week.
There were 907 auctions held across the city this week, down from 956 last week when the final auction clearance rate was 75.6 per cent and higher than the 724 auctions held one year ago, with a lower clearance rate (74.2 per cent).
The Inner region of Melbourne had the highest number of auctions this week (162), with a preliminary clearance rate of 75.4 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.29%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.29%20am.jpg" alt="">
Meanwhile, the strongest clearance rate was recorded across the North West region and Mornington Peninsula region, where an 87.0 per cent and 79.2 per cent rate of clearance were recorded respectively.
Across Sydney, 615 homes were taken to auction this week with a preliminary clearance rate of 71.1 per cent across 477 reported results.
Last week, the final clearance rate for the city was 65.4 per cent, across 714 auctions.
One year ago, 544 Sydney homes were taken to auction and the clearance rate was 77.5 per cent.
This week, the performance across Sydney’s individual sub regions was varied.
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.37%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.37%20am.jpg" alt="">
Across the Central Coast region, where 17 results have been reported so far, the preliminary clearance rate was 64.7 per cent, while across City and Inner South (84.9 per cent) and Inner West (82.1 per cent) the success rate of reported auctions was much higher.
There were 153 Brisbane homes taken to auction this week, with 84 results reported so far.
The preliminary clearance rate for the city is 48.8 per cent, down from 49.6 per cent last week and lower than one year ago, when 54.5 per cent of the 127 properties taken to auction were successful.
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.53%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.47.53%20am.jpg" alt="">
Across the Gold Coast 20 results have been reported so far, with a success rate of 40.0 per cent (8 sales).
Adelaide recorded a clearance rate of 69.4 per cent across 59 auctions this week, up from 64.0 per cent across 82 auctions last week.
At the same time last year, 58 homes were taken to auction, with 63.5 per cent recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.48.10%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/06/Screen%20Shot%202017-08-06%20at%2011.48.10%20am.jpg" alt="">
Perth’s clearance rate of 72.7 per cent across 35 auctions is up from the previous week, when 28 auctions were held and a clearance rate of 34.8 per cent was recorded.
Over the same week last year, the clearance rate was a lower 36.0 per cent, and 30 auctions were held.
Canberra’s preliminary auction clearance rate of 69.6 per cent this week is lower than last week, when the final auction clearance rate was 70.5 per cent and lower than the 74.1 per cent recorded last year.
There were only 5 Tasmanian auctions held this week. 1 was reported as sold.
</body></html>

Auction volume falls, but still busier than August 2016: CoreLogic

<html><body>
Melbourne was again the busiest and the best auction locality on the last weekend in July.
There were 943 auctions held across Melbourne on the weekend with a preliminary clearance rate of 77.2 per cent, increasing from a final clearance rate of 73.8 per cent last week across 833 auctions.
Over the same week last year, Melbourne’s clearance rate was 75.3 per cent across 754 auctions.
Of the nine Melbourne sub-regions, five recorded clearance rates above 80.0 per cent, with the highest clearance recorded across the Mornington Peninsula, with preliminary results showing 87.2 per cent of the 39 results were successful followed by the North West where 81.3 per cent of auctions cleared.
A French-style Balwyn house sold for $3.812 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-balwyn-125831142" target="_blank">27 Burroughs Road</a>, the 2012 built home was last sold in 2013 for $3.27 million.
The property was offered through VicProp agents Jack Zhang and Janssen Xiang.
In Sydney, 704 properties were taken to auction this week with a preliminary clearance rate of 68 per cent.
"Last week, the final clearance rate for the city was 70.3 per cent across 625 auctions, after sitting below the 70 per cent mark for the previous six weeks, so it will be interesting to see what the final clearance rate is like," Kevin Brogan, CoreLogic's auction analyst said.
Looking at a wider trend of numbers, the second quarter growth has been weaker than the first quarter, CoreLogic's head of research Tim Lawless said.
Melbourne is now the absolute standout performer for 12-month growth, he noted.
“While it overtook Sydney a little earlier in 2017 it is now well and truly entrenched in that spot.
“The median in Sydney is now $1.05 million, while in Melbourne it is $755,000, so we are talking about a difference of $300,000,” he told The Herald Sun.
This time last year ago, 509 Sydney homes were taken to auction for a 78 per cent success rate.
This week, the performance across Sydney’s individual sub regions was mixed.
Across the South West region, where 47 of the 50 results have been reported so far, the preliminary clearance rate was 40.4 per cent, while across the Eastern suburbs it was 90 per cent and 81.8 per cent in the Inner West.
Sydney's top sale was a refurbished pre-Federation Killara house.
It sold for $5.26 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-killara-125805670" target="_blank">4 Stanhope Road</a>, the 1890 the property was last sold in 2013 for $3.722 million.
There were five bedrooms, three of them having their own ensuite, a study and 1000 bottle wine cellar.
The property was offered through McGrath agents Brent Courtney and Sarah Davis.
Domain calculated the Sydney house price weekend median was $1,405,000 and $859,000 for apartments.
It was $860,000 for Melbourne's median auction house price and $588,000 for apartments.
The last weekend of July saw another slight increase in preliminary auction clearance rate, according to CoreLogic.
The combined capital city preliminary clearance rate was recorded at 70.7 per cent this week, up slightly from last week, when the final clearance rate sat at 69.9 per cent.
Auction volumes were higher with 1,957 homes across the combined capital cities, up from 1,748 last week, and significantly higher than this time last year when 1,610 auctions were held.
There were 158 Brisbane homes taken to auction this week, with 116 results reported so far.
The Brisbane clearance rate was 53.4 per cent, up from 46.4 per cent last week and higher than one year ago, when 48.5 per cent of the 156 properties taken to auction were successful.
A four bedroom period Bowen Hills house sold for $1.475 million making it Brisbane’s most expensive weekend auction sale.
The <a href="https://www.realestate.com.au/property-house-qld-bowen+hills-125858954" target="_blank">31 Cintra Road</a> offering had been held by the same family for around nine decades - sold for the first time since it’s 1925 construction.
The property, with views to Mt Coot-tha, was offered through LJ Hooker agents Brett Greensill and Jermaine Jones.
Adelaide saw a preliminary clearance rate of 64.3 per cent, with 56 reported results across a total of 80 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 66.7 per cent and 68.8 per cent one year ago.
There were 25 Perth auctions this week and so far 15 results have been reported, with 26.7 per cent selling.
Canberra’s preliminary auction clearance rate of 74.4 per cent across 47 auctions is higher than both last week, when the final auction clearance rate was 71.8 per cent, and last year (74.3 per cent).
A five bedroom Peter Byfield-designed Red Hill house sold for $2.9 million making it Canberra’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-act-red+hill-125867986" target="_blank">58 Endeavour Street</a>, (above) the two-storey residence was offered through Luton Properties agents Richard Luton and Sophie Luton.
</body></html>

Melbourne's auction superiority emerges ahead of spring sales

<html><body>
The last weekend of July saw another slight increase in preliminary auction clearance rate, according to CoreLogic’s latest report.
The combined capital city preliminary clearance rate was recorded at 70.7 per cent this week, up slightly from last week, when the final clearance rate was recorded at 69.9 per cent.
Auction clearance rates have seen a slight improvement across the combined capital cities over the month of July, with the final clearance rate over the last two weeks just falling short of the 70 per cent mark.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.21%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.21%20am.jpg" alt="">
Auction volumes were higher this week with 1,957 homes taken to auction across the combined capital cities, up from 1,748 last week, and higher than this time last year when 1,610 auctions were held.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.30%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.30%20am.jpg" alt="">
Perth and Tasmania were the only cities where auction volumes fell over the week.
There were 943 auctions held in Melbourne this week with a preliminary clearance rate of 77.2 per cent, increasing from a final clearance rate of 73.8 per cent last week across 833 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.42%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.42%20am.jpg" alt="">
Over the same week last year, Melbourne’s clearance rate was 75.3 per cent across 754 auctions. Of the 9 Melbourne sub-regions, 5 recorded clearance rates above 80.0 per cent, with the highest clearance recorded across the Mornington Peninsula, with preliminary results showing 87.2 per cent of the 39 results were successful, followed by the North West where 81.3 per cent of auctions cleared.
In Sydney, 704 properties were taken to auction this week with a preliminary clearance rate of 68.0 per cent.
Last week, the final clearance rate for the city was 70.3 per cent across 625 auctions, after sitting below the 70 per cent mark for the previous 6 weeks, so it will be interesting to see what the final clearance rate is like on Thursday.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.49%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.49%20am.jpg" alt="">
One year ago, 509 Sydney homes were taken to auction and the clearance rate was 78.0 per cent.
This week, the performance across Sydney’s individual sub regions was mixed. Across the South West region, where 47 of the 50 results have been reported so far, the preliminary clearance rate was 40.4 per cent, while across the Eastern suburbs (90.0 per cent) and Inner West (81.8 per cent) regions, the success rate of reported auctions was much higher.
There were 158 Brisbane homes taken to auction this week, with 116 results reported so far.
The preliminary clearance rate for the city is 53.4 per cent, up from 46.4 per cent last week and higher than one year ago, when 48.5 per cent of the 156 properties taken to auction were successful.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.56%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.50.56%20am.jpg" alt="">
Across the Gold Coast 34 results have been reported so far, with a success rate of 38.2 per cent.
This week, Adelaide saw a preliminary clearance rate of 64.3 per cent, with 56 reported results across a total of 80 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 66.7 per cent and 68.8 per cent one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.51.04%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/Screen%20Shot%202017-07-30%20at%2010.51.04%20am.jpg" alt="">
There were 25 Perth auctions this week and so far 15 results have been reported, with 26.7 per cent selling.
Last week there was a 57.7 per cent clearance rate for Perth.
Canberra’s preliminary auction clearance rate of 74.4 per cent across 47 auctions is higher than both last week, when the final auction clearance rate was 71.8 per cent, and last year (74.3 per cent).
There were no auctions held in Tasmania this week.
In comparison, there were 4 auctions last week, with all 4 recording a successful result.
</body></html>

Slight increase in late July preliminary auction clearance rate: CoreLogic

<html><body>
The preliminary auction clearance rate increased again on the weekend, according to CoreLogic's latest report.
The property data firm says that Melbourne's auction market continues to show resilience.
The combined capital city preliminary clearance rate increased to 74.8 per cent this week, up from a revised final clearance rate of 69.4 per cent last week, while auction volumes increased week-on-week.
There were 1,712 properties taken to auction this week, up from 1,627 last week, and higher than this time last year, when 1,329 auctions were held and a clearance rate of 67.9 per cent was recorded.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.40%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.40%20am.jpg" alt="">
Based on the preliminary collection, all but one of the capital cities saw the clearance rate increase week-on-week.
Melbourne’s auction market has continued to show some resilience to softer auction conditions, recording the highest preliminary clearance rate at 79.4 per cent, although this is likely to revise lower when the final auction results are released on the following Thursday.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.49%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.49%20am.jpg" alt="">
While Melbourne’s clearance rate has remained comfortably above 70% since July last year, final auction results show Sydney’s auction clearance rate has been tracking below 70% over the past six weeks, so it will be interesting to see if the preliminary clearance of 74.9 per cent is again revised below the 70 per cent mark.
Across Melbourne, preliminary results show that 79.4 per cent of the 676 reported auctions sold this week.
There were 816 properties taken to auction across the city, up from 756 last week when the final clearance rate was recorded at 74.9 per cent.
Over the same week last year, 572 auctions were held and a clearance rate of 71.6 per cent was recorded.
The West region of Melbourne had the highest number of auctions this week (168), with a preliminary clearance rate of 76.4 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.59%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.33.59%20am.jpg" alt="">
However, the strongest rate of clearance was recorded across the North West region, where 90.1 per cent of the 71 reported auctions were successful.
5 of the 9 sub-regions recorded clearance rates above 80.0 per cent.
Sydney was host to 613 auctions this week and a preliminary clearance rate of 74.9 per cent was recorded, rising from 69.2 per cent last week across 609 auctions.
The final clearance rate for Sydney has been trending below 70 per cent for the last 6 weeks, although it has been nudging higher over the last two weeks.
One year ago, 473 auctions were held across Sydney and 71.5 per cent were successful.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.04%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.04%20am.jpg" alt="">
Looking at the sub-regions of Sydney, 7 of the 15 sub-regions recorded clearance rates above 75.0 per cent with the stand outs being the Northern Beaches (92.3 per cent), Eastern Suburbs (89.2 per cent), North Sydney and Hornsby (83.6 per cent) and City and Inner South (78.3 per cent) regions.
The preliminary clearance rate in Brisbane this week rose to 50.6 per cent, from 41.7 per cent last week.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.11%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.11%20am.jpg" alt="">
Auction volumes were slightly higher this week with 126 auctions held, up from 116 last week.
Meanwhile, across the Gold Coast, 41.4 per cent of the 29 reported auctions were successful.
In Adelaide, a 69.0 per cent preliminary result was recorded this week across 73 auctions.
Last week, 64 Adelaide auctions returned a clearance rate of 69.0 per cent for the city, while at the same time last year, 68 homes were taken to auction, with 56.3 per cent recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.20%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/23/Screen%20Shot%202017-07-23%20at%2011.34.20%20am.jpg" alt="">
Perth’s clearance rate of 73.3 per cent across 15 auction results is up from last week, when 35 auctions were held and a clearance rate of 46.2 per cent was recorded.
Over the same week last year, the clearance rate was a lower 33.3 per cent, and 22 auctions were held.
Across Canberra, 46 homes were taken to auction this week.
Preliminary results show a clearance rate of 73.3 per cent, up from 68.9 per cent the previous week.
Tasmania was host to 3 auctions this week and so far no results have been reported.
</body></html>

Mid-winter auction clearance rates continue their resilience: CoreLogic

<html><body>
Victoria has all the busiest suburbs for auctions this weekend, with 16 properties scheduled to go under the hammer in Craigieburn, followed closely by Glen Waverley (15), Werribee (13), and Epping and Mount Waverley both set to host 12 auctions each.
Auction activity across the combined capital cities is set to remain somewhat steady this week, with 1,581 properties scheduled to go to auction, decreasing slightly when compared to last week’s 1,627 auctions and higher than the 1,329 auctions held over the same week last year.
<a href="https://www.propertyobserver.com.au/images/2017/07/20/Screen%20Shot%202017-07-20%20at%2011.23.57%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/20/Screen%20Shot%202017-07-20%20at%2011.23.57%20am.jpg" alt="">
In Melbourne, week-on-week activity will remain relatively unchanged, with 757 auctions scheduled across the city, up only slightly from the 756 held last week.
While in Sydney, volumes will fall over the week, with 569 homes scheduled to go to auction, down from the 609 auctions last week.
Activity across the remaining capital cities will be mixed this week, with volumes expected to increase in Adelaide and Canberra, while Brisbane, Perth and Tasmania will see fewer auctions held this week compared to last.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-125821670%5D" target="_blank">12 Glacier Street</a>, Craigieburn (above) will be auctioned this Saturday.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-125822942" target="_blank">16 Gallantry Avenue</a>, Craigieburn (below) will be auctioned this Saturday as well.
<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/2017/07/20/16%20Gallantry%20Avenue.jpg" alt="">
</body></html>

Craigieburn leads busiest auction suburbs all in Victoria this weekend

<html><body>
Preliminary auction numbers down for the fourth consecutive week, according to CoreLogic's latest report.
The property data firm says that however auction clearance rate increases.
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer.
The combined capital city preliminary clearance rate increased to 72.4 per cent this week, up from the final clearance rate of 68.4 per cent last week, although this will revise as more results are collected.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.13%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.13%20am.jpg" alt="">
The final clearance rate has nudged slightly higher over the last two weeks after reaching a year to date low of 66.5 per cent; it will be interesting to see if this is still the case on Thursday when the final figures are released.
Adelaide and Brisbane were the only cities to see a slight increase in auction volumes this week, while Melbourne had the highest number of auctions scheduled (753).
In terms of preliminary clearance rates, Melbourne was the best performing city with 77.4 per cent of the 667 results recording a successful result, and although this result will revise lower as the final results are collected, it is likely to be stronger than what we have seen in Melbourne over the last month.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.23%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.23%20am.jpg" alt="">
Across Melbourne, 77.4 per cent of the 667 reported auctions sold this week.
There were 753 auctions held across the city this week, falling from 818 last week when the final clearance rate was 72.9 per cent, but higher than one year ago when 667 homes went to auction and a clearance rate of 76.1 per cent was recorded.
The West region of Melbourne had the highest number of auctions this week (138), with a preliminary clearance rate of 68.8 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.32%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.32%20am.jpg" alt="">
Meanwhile, the strongest clearance rate was recorded across the Outer East, with 90.9 per cent of the 55 reported auctions clearing, followed by the South East region with a clearance rate of 86.2 per cent.
In Sydney, 600 properties were taken to auction this week with a preliminary clearance rate of 72.9 per cent, increasing from last week, when the final clearance rate for the city was 68.6 per cent across 656 auctions.
One year ago, 470 Sydney homes were taken to auction and the clearance rate was 74.9 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.40%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.40%20am.jpg" alt="">
Looking at the sub-regions of Sydney, the Baulkham Hills and Hawkesbury region recorded the strongest clearance rate of 94.1 per cent across 21 auctions, followed by the Eastern Suburbs (84.2 per cent), while the North Sydney and Hornsby region had the highest volume of auctions (84), and recorded a clearance rate of 76.9 per cent.
There were 116 Brisbane homes taken to auction this week, with 87 results reported so far.
The preliminary clearance rate for the city is 44.8 per cent, down from 55.7 per cent last week and lower than one year ago, when 47.0 per cent of the 120 properties taken to auction were successful.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.47%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.47%20am.jpg" alt="">
Across the Gold Coast 14 results have been reported so far, with a success rate of 64.3 per cent.
This week, Adelaide saw a preliminary clearance rate of 75.0 per cent, with 36 reported results across a total of 65 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 59.6 per cent and 54.7 per cent one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.58%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/16/Screen%20Shot%202017-07-16%20at%2011.07.58%20am.jpg" alt="">
There were 33 Perth auctions this week and so far 18 results have been reported, with 44.4 per cent selling.
Last week 36.4 per cent of the 22 reported auctions were successful.
Canberra’s preliminary auction clearance rate of 72.7 per cent across 39 auctions is higher than both last week, when the final auction clearance rate was 62.7 per cent, and last year (63.3 per cent).
Tasmania saw 6 auctions take place this week and 5 results have been reported so far, with 3 sales.
</body></html>

Preliminary auction numbers down for fourth week in a row: CoreLogic

<html><body>
Some 72.9 percent of the 660 Sydney auction listings were sold, up from last weekend, when the final clearance rate for the city was 68.6 percent.
Melbourne was the best performing city with 77.4 percent of the 667 results recording a successful result.
Adelaide was strong too with a 75 percent clearance rate.
The national auction volumes were down for the fourth consecutive winter week, with school holidays contributing to the reduced stock levels, according to CoreLogic's latest report.
However the auction clearance rate has risen.
The number of homes taken to auction across the capital cities with just 1,612 auctions held this week, down from 1,766 last week,
It was higher than this time last July when 1,391 properties went under the hammer.
The combined capital city preliminary clearance rate increased to 72.4 percent this week, up from the final clearance rate of 68.4 per cent last week, although this will revise as more results are collected, CoreLogic auction analyst Kevin Brogan said.
Sydney's Baulkham Hills and Hawkesbury region recorded the strongest clearance rate of 94.1 percent across 21 auctions, followed by the Eastern Suburbs (84.2 percent).
Melbourne's strongest clearance rate was recorded across the Outer East, with 90.9 percent of the 55 reported auctions clearing, followed by the South East region with a clearance rate of 86.2 percent.
At Northcote the house of Collingwood AFL midfielder Levi Greenwood was passed in at $1.28 million, but sold shortly afterwards to the highest bidder for $1,307,500.
The single-fronted Edwardian on <a href="https://www.realestate.com.au/property-house-vic-northcote-125754366" target="_blank">Arthurton Road </a>(above) was bought unrenovated in late 2014 for $725,000, shortly after joining the Pies from North Melbourne.
Its Ray White Northcote selling agent Angelo Bafunno had quoted $1.25-$1.35 million for the house, which features a self-contained two-bedroom bungalow at the back.
There were 116 Brisbane homes taken to auction, with 87 results reported so far.
The preliminary clearance rate for Brisbane was 44.8 per cent, down from 55.7 per cent last week and lower than one year ago, when 47 per cent of the 120 properties taken to auction were successful.
The nation's cheapest mainland result was a <a href="https://www.realestate.com.au/property-house-qld-haigslea-125740370" target="_blank">three bedroom Haigslea house </a>(below) near Ipswich that sold for $277,000.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.20.22%20AM.png" alt="">
Located at 304 Haigslea Malabar Road, the house sat on a 3843 sqm block with paddock views which last traded in 2012 at $325,000.
There was <a href="https://www.realestate.com.au/property-house-tas-riverside-125815470" target="_blank">a $160,000 one bedroom house sale</a> (below) at Riverside, near Launceston in Tasmania.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.21.18%20AM.png" alt="">
The top sale around the nation was in Sydney when a harbour-view five bedroom house at Balgowlah Heights sold for $3.55 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-balgowlah+heights-125617790" target="_blank">15 Fisher Street</a>, (below) the 841 sqm property has a 1980s house was was last sold in 2015 for $2.875.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.22.28%20AM.png" alt="">
The property was offered through Clarke &amp; Humel Property agents Kingsley Looker and Michael Clarke.
This week, Adelaide saw a preliminary clearance rate of 75 percent, with 36 reported results across a total of 65 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 59.6 per cent and 54.7 per cent one year ago.
Adelaide prices ranged between $300,000 and $781,000.
A three bedroom 1960s house on 800 sqm at Marryatville sold for $781,000 at <a href="https://www.realestate.com.au/property-house-sa-marryatville-125761978" target="_blank">1 The Crescent</a> (below).
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.23.25%20AM.png" alt="">
A three bedroom Ingle Farm house sold for $300,000 making it Adelaide’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-sa-ingle+farm-125768690">3 Haydn Street</a> (below), the property marketed to first home buyers, investors and downsizes last sold in 2006 for $178,000.
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.24.13%20AM.png" alt="">
There were 33 Perth auctions this week and so far 18 results have been reported, with 44.4 percent selling.
Canberra’s preliminary auction clearance rate of 72.7 percent across 39 auctions is higher than both last week, when the final auction clearance rate was 62.7 percent, and last year (63.3 percent).
In Yarralumla four bidders competed for <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/arkana-street-yarralumla-canberra/1317347820311" target="_blank">3B Arkana Street</a> (below), a five-bedroom house on a 1393-square-metre block with resort-style facilities, which Domain reported sold for $2.46 million
<img src="https://www.urban.com.au/images/2017/07/17/Screen%20Shot%202017-07-17%20at%209.25.25%20AM.png" alt="">
Tasmania saw six auctions take place this week and five results have been reported so far, with three sales.
 
</body></html>

Auctions

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auctions

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News