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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

Auctions

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As auction numbers fall in Melbourne and Sydney results are positive for most Sydney and Melbourne sellers, according to Domain's Andrew Wilson.
He said Melbourne will host over 650 auctions this Saturday, lower again than last weekend’s 732 listings and 550 Sydney homes are set to go under the hammer, well below last weekend’s 628 auctions.
"It's another big auction weekend for Melbourne’s west with 145 auctions listed on the weekend as the regional top performer," he said.
"Next highest is the outer east with 100 followed by the north east 95, the inner city 74, the north 72, the south east 61, the south 59 and the inner east with 41 auctions listed.
"Reservoir will be the most popular suburb this Saturday in Melbourne for auctions with 14 scheduled followed by Craigieburn and Mill Park each with 12, Richmond and Werribee each with 10 and Glenroy and Croydon that will each host 9 auctions this weekend. 
"The Sydney home auction market continues to produce solid results for sellers generally despite the usual mid-winter slow-down in activity levels.
"Nearly 550 homes are set to go under the hammer this Saturday which although well below last weekend’s 628 auctions remains significantly higher than the 422 auctioned over the same weekend last year.
"The city and east will be Sydney’s most popular region for auctions this weekend with 73 listed. 
"Next highest and just below is the inner west with 72 followed by the south 64, the upper north shore 58, the west 49, the northern beaches 38, the lower north, the south west and the north west each with 37, Canterbury Bankstown 36 and the central coast with 21 auctions scheduled this Saturday.
"Maroubra, Dee Why and Burwood are Sydney’s most popular suburbs for auctions on Saturday each with 7 listed followed by a number of suburbs with 6 auctions scheduled including Randwick, Surry Hills, Epping and Mascot."
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jonathanchancellor-7SQnKwU6yx

Results still positive for most Sydney and Melbourne sellers

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The much anticipated July 1 stamp duty savings for first time buyers came into effect on Saturday in NSW and Victoria, though the impact wasn't immediately overly obvious.
"It is still a sellers' market," the Domain auction commentator Dr Andrew Wilson advised.
He suggested the market was likely inflated by first-home buyers "or certainly supported by them."
Despite the onset of winter, and school holidays, continued overall strong buyer demand triggered a small uptick in the national auction success rate.
Brisbane had the nation's cheapest sale when a townhouse at Woodbridge fetched $245,000 in pre-auction negotiations.
Located at <a href="https://www.realestate.com.au/property-townhouse-qld-woodridge-124939366" target="_blank">23/45-47 Defiance Street</a>, the three bedroom property has been a $330 a week rental for its South Australian investors.
They had paid $314,000 in 2009. They had been looking to sell since 2016 when they sought $280,000.
Melbourne's cheapest was a one bedroom unit at Essendon sold for $291,000.
Located at <a href="https://www.realestate.com.au/sold/property-unit-vic-essendon-125666794" target="_blank">10/30 Richardson Street</a>, the 1970s apartment last sold in 2009 for $252,500.
Sydney's cheapest auction result was a $455,000 pre-auction sale of a studio apartment in Darlinghurst.
The <a href="https://www.realestate.com.au/sold/property-studio-nsw-darlinghurst-125661238" target="_blank">17/257-261 Darlinghurst Road offering</a> in the 1880s The Statler complex last sold at $250,000 in 2011.
The agents suggested it had a potential $400 a week rental income.
The nation's dearest weekend sale was an original condition 1960s Armadale house which sold for $5.2 million, Melbourne’s most expensive weekend auction result.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-armadale-125647978" target="_blank">52 Adelaide Street</a>, the five bedroom, three bathroom home on 761 sqm has the potential to be renovated, rebuilt or redeveloped, according to Marshall White selling agents Marcus Chiminello and Nicole French.
The national clearance rate edged back to the lows 70s%, according to CoreLogic.
It was higher than the 69% preliminary rate which sat at 66% after late results, the lowest clearance rate since June 2016.
The combined capital city preliminary clearance rate was 70.3 per cent on the first July weekend.<a href="https://www.propertyobserver.com.au/images/2017/07/02/Screen%20Shot%202017-07-02%20at%2011.07.33%20am.jpg" target="_blank"> </a>
"Auction clearance rates have been trending lower since reaching a peak at the end of February 2017 when the combined capitals clearance was recorded at 78.4%," Kevin Brogan, the CoreLogic auction analyst said.
Auction volumes were lower this week with 1,984 homes taken to auction across the combined capital cities, down from 2,355 last week.
The volume was significantly higher than this time last year when auction volumes were quieter due to the Federal Election when only 841 homes were taken to auction.
Melbourne had the highest number of auctions, with 866 properties going to market, followed closely by Sydney with 832 homes going under the hammer.
Across Melbourne, 71.9 per cent sold amid the 750 reported auctions.
This was down from 1,047 last week when the final clearance rate was 70.7 per cent.
Melbourne's strongest clearance rate was recorded across the North East, with 80.8 per cent of the 99 reported auctions clearing.
There was no sale when <a href="https://www.realestate.com.au/property-house-vic-templestowe-125639230" target="_blank" rel="noopener noreferrer">7 Watties Rd, Templestowe</a>, one of the suburb’s original farmhouses, was offered.
Built in the early 1900s, the two-bedroom weatherboard cottage on 1.37ha, now comes with a $2.6 million asking price through Steve Schumann, of Fletchers Manningham.
It last sold in 1991 at $362,000.
In Sydney, 832 properties were taken to auction this week with a preliminary clearance rate of 72.6 per cent, increasing from last week, when the final clearance rate for the city was 68.2 per cent across 939 auctions.
One year ago, just 365 Sydney homes were taken to auction and the clearance rate was 78.4 per cent.
Sydney’s Ryde region had the strong result at 89.7 per cent and followed by Sutherland's 84 per cent.
There were 119 Brisbane homes taken to auction on the weekend, with 77 results reported so far.
A Manly house sold for $1.42 million making it Brisbane’s most expensive weekend auction.
Located at <a href="https://www.realestate.com.au/property-house-qld-manly-125609666" target="_blank">12 Kooralgin Street</a>, the 483 sqm property is positioned on Manly Hill with harbour views.
Brisbane's preliminary clearance rate was 54.5 per cent, up from 33.3 per cent last week and higher than one year ago, when 35.6 per cent of the 68 properties taken to auction were successful.
Adelaide saw a preliminary clearance rate of 62.5 per cent, with 56 reported results across a total of 79 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 68.5 per cent and 62.3 per cent one year ago.
The Adelaide results included a 1930s Hawthorn house for $1.125 million.
Located at <a href="https://www.realestate.com.au/property-house-sa-hawthorn-125711646" target="_blank">21 Sussex Terrace</a>, the art deco-style property was originally built as a doctor’s residence with consulting room.
Built in 1938, it was last sold in 2008 for $880,000.
There were 43 Perth auctions with 50 per cent selling. Last week there was a 39.6 per cent clearance rate for Perth.
Canberra’s preliminary auction clearance rate of 75.8 per cent across 36 auctions is higher than both last week, when the final auction clearance rate was 67.2 per cent, and last year (54.2 per cent).
A four bedroom Red Hill, ACT house sold for $1.4 million making <a href="https://www.realestate.com.au/property-house-act-red+hill-125670706" target="_blank">12 Hicks Street</a> Canberra’s most expensive weekend auction sale.
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j.ballantyne1990-6AQqhLzZaK

First home buyers take July 1 stamp duty savings changes without any frenzy

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The week’s preliminary clearance rate sat around 69%, according to CoreLogic’s latest report.
The property data firm says that auction volumes were slightly down compared to last week’s.
There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 per cent across the combined capital cities.
There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.21.26%20pm.jpg" target="_blank">Click to enlarge</a>
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This week’s preliminary result indicates that clearance rates are continuing to soften, after last week saw the final clearance rate surpass the previous week as the lowest recorded over the year to date across the combined capitals (66.7 per cent).
With results still being collected, it is likely that the final clearance rate this week will revise even lower again.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.21.33%20pm.jpg" target="_blank">Click to enlarge</a>
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However, compared to results from one year ago clearance rates are relatively similar with the 67.4 per cent rate of clearance across a slightly lower volume of auctions (2,183).
Melbourne’s preliminary clearance rate increased to 71.9 per cent this week, up from last week’s final of 71.0 per cent, when the lowest clearance rate since July last year was recorded.
Auction volumes decrease slightly with 1,050 auctions held over the week, down from 1,129 over the previous week.
At the same time last year, the clearance rate was 68.3 per cent across 1,085 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.22.32%20pm.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/2017/06/26/Screen%20Shot%202017-06-26%20at%202.22.32%20pm.jpg" alt="">
Looking at Melbourne’s sub-regions, the Mornington Peninsula region was the best performer in terms of clearance rates, with an 87.2 per cent success rate across 44 auctions, followed by the North West region, where 79.5 per cent of the 90 auctions sold.
Across Sydney, 918 homes were taken to auction this week with the preliminary clearance rate for the city above 70.0 per cent (73.1 per cent).
After last week saw the final clearance rate drop even lower for the 3rd week in a row, with 66.7 per cent of the 927 auctions clearing.
One year ago, 768 Sydney homes were taken to auction and the clearance rate was 73.4 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.22.40%20pm.jpg" target="_blank">Click to enlarge</a>
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Sydney’s North Sydney and Hornsby region hosted the most auctions of any Sydney sub-region this week, with 150 properties taken to auction.
The preliminary clearance rate for the region is 84.3 per cent across 108 results.
The preliminary clearance rate in Brisbane this week was 30.7 per cent, down from 46.4 per cent over the previous week.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.23.06%20pm.jpg" target="_blank">Click to enlarge</a>
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Auction volumes were lower this week with 129 auctions held, down from 151 last week.
Meanwhile, across the Gold Coast, 31.8 per cent of the 22 reported auctions were successful.
A total of 101 Adelaide homes were taken to auction this week, with a preliminary clearance rate of 67.6 per cent across 68 results, down from 69.5 per cent last week when 103 auctions were held across the city.
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%202.23.16%20pm.jpg" target="_blank">Click to enlarge</a>
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In Perth, 54 auctions took place this week, with 25 results reported so far.
Perth’s preliminary clearance rate of 36.0 per cent across these 25 results is higher than both last week’s result (32.3 per cent) and the clearance rate from one year ago (31.9 per cent).
Canberra’s preliminary auction clearance rate of 73.9 per cent this week is higher than last week, when the final auction clearance rate was 50.8 per cent and higher than the 61.0 per cent recorded last year.
There was only 7 Tasmanian auctions held this week. 1 were reported as sold.
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Late June clearance rate continues to trend below 70%: CoreLogic

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Sydney has had three consecutive weeks of auction clearance rates below 70 percent with the local market tracking at its lowest since December 2015 according ot Domains Andrew Wilson.
He said Sydney recorded a clearance rate of 69.5 percent on Saturday, which was almost the same as the 69.6 percent recorded over the previous weekend but again lower than the 74.1 per cent recorded over the same weekend last year. 
"Saturday was the lowest clearance rate recorded this year," he said.
"A total of 748 homes were listed for auction at the weekend, which was slightly lower than the previous weekend’s June record 793 but well ahead of the 631 auctions over the same weekend last year. 
"Given unprecedented winter supply, clearance rates still close to 70 per cent reflect underlying demand for property in Sydney."
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Sydney's lowest clearance rate recorded this year: Andrew Wilson

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The Melbourne residential auction market remains positive for most sellers despite slowing over recent weeks according to Domain's Andrew Wilson.
He said Melbourne auction numbers will be lower this weekend with the mid-winter market pause to gather momentum over the coming month.
"Melbourne is set to host over 900 auctions this Saturday which will be down on last weekend’s 983 listings but similar again to the 901 auctioned over the same weekend last year," he said.
"Melbourne’s western suburbs are again the most popular for auctions this weekend with 149 listed.  Next highest region is the inner east with 132 followed by the inner south with 125, the outer east 119, the north east 113, the inner city 100, the north 85 and the south east with 57 auctions scheduled.
"Craigieburn is the most popular suburb for auctions this Saturday with 16 followed by Reservoir and Glen iris each with 15 and a number of suburbs with 13 auctions scheduled including Glen Waverley, South Yarra and Hawthorn."
 
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Melbourne residential auction market remains positive

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The weekend auction clearance rate in Sydney came to 69.6 percent on Saturday, just above the previous weekend’s public holiday rate of 67.1 percent according to domain's Andrew Wilson.
He said over the first two weeks of winter, Sydney’s auction market has had consecutive sub-70 percent clearance rates.
"It’s the lowest fortnightly result since December 2015, when the market was impacted by increases in mortgage rates," he said.
"Last year’s winter market was reactivated by the May cut to official interest rates and although auction results have clearly declined over recent months, a similar revival may be in prospect this year with significant stamp duty reductions for first-home buyers coming into force on July 1.
"Record level auction numbers may also be impacting the local market, providing buyers with more choice and sellers with more competition.
"A total of 787 homes were listed for auction at the weekend, which was predictably higher than the previous weekend’s holiday total of 406 and also well ahead of the 650 auctions conducted over the same weekend last year.
"June is set to follow May as a monthly record for auctions with next weekend again set to test the fading market with nearly 750 homes set to go under the hammer."
 
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Consecutive sub-70 percent clearance rates for Sydney's weekend auctions

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Sydney home auction market is back to record pace following last weekend's long weekend according to domain's Andrew Wilson.
He said over 800 homes are set to go under the hammer this Saturday, well ahead of last weekend’s holiday impacted 407 auctions and significantly higher than the 650 listed over the same holiday weekend last year.
"Sydney sellers continue to rush the local market in unprecedented numbers with this weekend set to break the previous June Saturday record of 788 set just two weekends ago," he said.
"Sydney’s strong inner west market will host the most number of regional auctions this weekend with 118 listed. 
"The next highest is the upper north shore with 108 closely followed by the south 107, the city and east 84, the lower north 80, the west 66, Canterbury Bankstown 57, the northern beaches 49, the south west 46, the north west 37 and the central coast with 25 auctions scheduled on Saturday.
"Mosman is clearly the most popular suburb in Sydney this weekend with 15 followed by Randwick, Killara and Ashfield each with 10, Bankstown, Cronulla and Blacktown each with 9, Marrickville 8 and a number of suburbs with 7 auctions listed including St Ives, Epping and Paddington.
"Over 950 Melbourne homes are set to go under the hammer this Saturday which will be predictably up on last weekend’s holiday impacted 267 but similar to the 989 listed over the same weekend last year.
"Auction numbers will continue to ease over coming weeks as the market enters the typically quieter mid-year selling season. A significantly lower proportion of inner suburban, higher-priced listings will be the usual feature if the winter market.
"Melbourne’s western suburbs are the most popular for auctions this weekend with 176 listed.  Next highest region is the outer east with 141 followed by the inner south with 133, the north east 123, the inner city 121, the inner east 100, the north 79 and the south east with 62 auctions scheduled.
"Glen Waverley is clearly the most popular suburb for auctions this Saturday with 19 followed by St Albans 14, Mount Waverley 13, Reservoir and Richmond each with 12 and a number of suburbs with 11 auctions scheduled including Epping, South Yarra and Elwood."
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Sydney, Melbourne auctions back to strength

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Glen Waverley in Victoria is the busiest suburb for auctions across the nation this weekend, with 20 homes set to go to go under the hammer.
This is followed by Mosman in NSW with 16 scheduled auctions, and Reservoir and St Albans both in Victoria, with 15 auctions each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, after last week saw a slowdown in activity due to the public holiday held in most states, including the two largest auction markets.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%2011.35.26%20am.jpg" target="_blank">Click to enlarge</a>
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There are 2,247 properties scheduled to go to auction this week, increasing from the 1,279 auctions held last week and also higher than results from one year ago (2,183).
Across Melbourne and Sydney, the two major markets, auction activity will increase considerably, with Melbourne host to 1,036 auctions this week, up from 389 last week, and Sydney with 859 homes scheduled to go to auction, increasing from 619 last week.
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It is expected that the remaining capital cities will see an increase in volumes this week with the exception of Tasmania, where activity will remain relatively steady over the week.
A five bedroom house at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-125449922" target="_blank">1 Mandowie Road</a>, Glen Waverley (above) has been scheduled for auction this weekend.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-125443438" target="_blank">4 Turner Court</a>, Glen Waverley (below) has been scheduled for auction this weekend.
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Victoria's Glen Waverley to be busiest auction suburb this weekend: CoreLogic

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The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. 
The decrease in auction activity this week is attributable to the Queen’s Birthday public holiday this Monday, which has affected activity across most states, including Australia’s two largest auction markets. 
The lower volume is consistent with what is historically seen over this period, with 1,100 auctions reported over the same week last year. Last week saw the final auction clearance rate revise lower to reach 69.8 percent; an equal second lowest clearance rate for the year so far.  
The final clearance rate last week was the lowest over 2017 to date in Sydney and Melbourne.  
This week the preliminary auction clearance rate increased slightly to 71.8 percent, however it is typical to see clearance rates revise lower as final results are collected.
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Across Melbourne, this week’s preliminary clearance rate was recorded at 77.1 per cent, up from 73.1 per cent last week and remaining well above the clearance rate for the city one year ago (64.5 per cent). This week, Melbourne was host to 392 auctions, lower than the 1,188 held last week, but higher than a year ago when there were 341 Melbourne auctions held over the week. Of the 9 individual Melbourne sub-regions, this week the strongest performer, in terms of clearance rate was the North West. So far, CoreLogic has collected 29 results for the region and the preliminary result shows 89.7 per cent of these auctions were successful.
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Sydney’s preliminary clearance rate this week was 71.3 percent across 457 auction results. There were a total of 610 auctions held across the city. Looking back at this weekend last year, 463 auctions were held across Sydney and a clearance rate of 74.1 percent was recorded. 
Sydney’s North Sydney and Hornsby hosted the most auctions of any Sydney sub-region this week, with 100 properties taken to auction. The preliminary clearance rate for the region is 75.8 percent across 66 results.
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There were 112 Brisbane auctions this week with a preliminary clearance rate of 64.8 percent, having increased from 42.5 percent last week across 151 auctions and higher than one year ago when there were 142 auctions with a success rate of 46.3 percent. The Gold Coast’s preliminary clearance rate was 51.6 percent across 31 results this week.
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This week, Adelaide saw a preliminary clearance rate of 73.9 percent, with 46 reported results across a total of 66 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 59.3 percent and 75.4 percent one year ago.
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There were 42 Perth auctions this week and so far 12 results have been reported, with just 50.0 percent selling. Last week there was a 47.6 percent clearance rate for Perth.
Canberra’s preliminary auction clearance rate of 66.7 percent this week is lower than last week, when the final auction clearance rate was 68.6 percent and lower than the 73.9 percent recorded last year.
Tasmania saw 4 auctions take place this week, 3 results have been reported so far, with 2 sales.
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
 
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Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter

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Sydney's 'fading' winter auction market will take a break for the Queen’s Birthday holiday weekend with over 400 homes are set to go under the hammer this Saturday according to Domain's Andrew Wilson.
He said this is predictably well down on last weekend’s June record of 789 auctions but significantly higher than the 284 listed over the same holiday weekend last year.
"Sydney’s south will host the most number of auctions this weekend with 54 closely followed by the upper north shore with 53, the west 46, the lower north 42, the inner west 41, the south west 38, the city and east 32, Canterbury Bankstown and the north west each with 25, the northern beaches 21, the central coast 13 and the Blue Mountains with just 1 auction scheduled on Saturday," he said.
"Lane Cove North is the most popular suburb for auctions this weekend in Sydney with 8 followed by Pyrmont 7, Bexley, Liverpool and Cremorne each with 6 and a number of suburbs with 5 auctions listed including Bankstown, Ryde and Dee Why."
"Over 250 homes are set to go under the hammer this Saturday in Melbourne which will be predictably well down on last weekend’s June record 1045 auctions conducted but similar to the 265 listed over the same holiday weekend last year.
"Melbourne’s west remains the most popular region for auction activity this weekend with 65 listings and well ahead of the south east with 40.  The north east and the outer east follow with 35 each with the inner east 25, the inner city and the north each with 16  and the inner south with 15 auctions listed.
"St Albans is the top suburb for auctions on Saturday with 8 followed by Reservoir and Noble Park each with 6 and a number of suburbs with 5 auctions scheduled including Craigieburn, Dandenong North, Melbourne and Rowville."
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