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

Joel Robinson

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

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

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Auctions

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A 1904 Killara trophy home with great sporting pedigree was the nation's top weekend auction result.
The upper North Shore Sydney home, Poitiers <a href="https://www.realestate.com.au/property-house-nsw-killara-124713770" target="_blank">sold for $5.45 million (above),</a> having been listed with a price guide of $4.9 million to $5.3 million.
Sitting on 1,900 sqm with 35 metre Springdale Road frontage, it was once home to Bert Oldfield, the famous test cricketer from the Bodyline era.
After almost five decades' ownership Bert Oldfield and his wife Ruth sold the home to the current owners John and Patricia Mortlock, the parents of former Australian Wallabies captain Stirling Mortlock.
The Mortlock family had purchased Poitiers in 1976 for $127,000. 
The Oldfields had bought it from the French-born Sydney socialite Paul Dekyvere in the early 1930s.
Featuring timber joinery and ceilings, original fireplaces and also a ballroom-sized formal lounge, the property was sold at weekend auction by Curran Property agent Glenn Curran.
He secured bids from four of the five registered bidders with it knocked down to local buyers of Chinese descent.
Attempts by the reality star and commercial real estate agent Krissy Marsh to secure $8 million for her six-bedroom Dover Heights home failed at its buyer-invitation only auction on Thursday evening (below).
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.05.37%20AM.png" alt="">
There were three registered parties seeking the architect-designed home of the <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/eastern-suburbs/dover-heights/320321" target="_blank">Real Housewives of Sydney star</a> through Alex Lyons and Peter Starr of McGrath who placed an $8 million vendor bid.
An agency tweet on Saturday incorrectly advised it had been sold which triggered an inaccurate Sunday news report (below). 
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.06.48%20AM.png" alt="">
Marsh is known on the series as the "property princess."
Just 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and a tad lower than one year ago (1,488), according to CoreLogic’s latest report.
Some four out of the eight states and territories had a public holiday Monday which has been a key factor in the fall in long weekend auction volumes.
The combined capital city clearance rate rose from 74 percent last week to 80 percent.
Both the two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 83.1 percent and Melbourne at 84.3 percent, while the highest clearance rate was in Adelaide where 87 percent of auctions cleared over the weekend. Canberra was also well into the 80s. 
One year ago, the combined capital city clearance rate was a lower 64.9 percent.
Given the Moomba long weekend only 355 Melbourne auctions were held, with a rise in the clearance rate for Melbourne from 78.4 percent last week.
Over the same weekend last year, Melbourne’s clearance rate was 68.6 percent across 420 auctions. 
Hawthorn East had the dearest house sale at $3.05 million, with <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn+east-124726850" target="_blank">18 Carlyle Street</a> (below) an 1890s Victorian house on 710 sqm.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.08.22%20AM.png" alt="">
The property offering three bedrooms plus study and two bathrooms last sold for $120,100 in 1984.
Of the Melbourne sub-regions, the highest clearance rate was recorded across the Inner South region, with preliminary results showing 92.9 percent of the 14 results were successful, followed by the Inner East where 92.5 percent of auctions cleared.
Sydney was the busiest capital city auction market this week, with 766 auctions held with its preliminary clearance rate of 83.1 percent well up on the final 76 percent for last week.
One year ago the clearance rate was 71.2 percent.
Sydney’s strongest performing sub-regions this week were Ryde (94.6 percent), Northern Beaches (90.9 percent) and North Sydney and Hornsby (90.2 percent).
With no public holiday on Monday for Brisbane, auction activity remained relatively stable, with 126 auctions held across the city, down from 158 last week and 152 one year ago.
The clearance rate increased from 55.3 percent last week to 61.1 percent this week, much stronger on the same time last year at 38.5 percent.
Across the Gold Coast, 45 auctions were held this week and preliminary results show that 46 per cent of the 30 reported results were successful.
In Adelaide, an 87 percent preliminary result was recorded across 82 auctions.
Last weekend, 147 Adelaide auctions returned a clearance rate of 68 percent for the city. 
A beachfront house at Henley Beach sold for $3.45 million. Located at <a href="https://www.realestate.com.au/property-house-sa-henley+beach-124742758" target="_blank">353 Esplanade</a> (below), the 1918 bungalow was offered for the first time in 50 years.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.09.49%20AM.png" alt="">
Perth’s preliminary clearance rate was 44 percent this weekend, up from 28 percent.
This week 28 Perth homes were auctioned, while 9 results have been reported so far. 
An original War Service home at Mosman Park in Perth sold for $1.2 million, the top sale on its election weekend.
Located at <a href="https://www.realestate.com.au/property-house-wa-mosman+park-124625682" target="_blank">41 Samson Street</a> (below) the north facing 705 sqm block was marketed as a perfect place for a new home site by Riverside Real Estate agent Henry Willis.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.10.48%20AM.png" alt="">
Across Canberra, 42 homes were taken to auction.
Preliminary results show a clearance rate of 83 per cent, up from 70 per cent the previous weekend.
A classic home at Campbell has been sold for $1.17 million, the most expensive Canberra home sold over the weekend.
Located at <a href="https://www.realestate.com.au/property-house-act-campbell-124768610" target="_blank">25 Jacka Crescent</a>, (below) the single level property features a formal lounge with slow combustion fireplace.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.11.53%20AM.png" alt="">
It last sold in 2013 for $860,000 and $697,000 in 2007.
The property was offered through Peter Blackshaw Real Estate.
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j.ballantyne1990-6AQqhLzZaK

Mortlock family sells Killara sporting icon, Poitiers

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This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488), according to CoreLogic’s latest report.
The property data firm says that four out of the eight states and territories have a public holiday this coming Monday which has been a key factor in the fall in auction volumes.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.00.23%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.00.23%20am.jpg" alt="">
The combined capital city clearance rate rose this week, up from 74 percent last week to 80 percent this week.
The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 83.1 percent and Melbourne at 84.3 percent, while the highest clearance rate was in Adelaide where 87.0 per ent of auctions cleared over the weekend.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.00.29%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.00.29%20am.jpg" alt="">
One year ago, the combined capital city clearance rate was a lower 64.9 percent.
Only 355 Melbourne auctions were held this week with a preliminary clearance rate of 84.3 percent.
This week’s result shows a rise in the clearance rate for the city, after Melbourne’s final clearance rate was recorded at 78.4 percent last week.
Over the same week last year, Melbourne’s clearance rate was 68.6 percent across 420 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.16%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.16%20am.jpg" alt="">
Of the Melbourne sub-regions, the highest clearance rate was recorded across the Inner South region, with preliminary results showing 92.9 percent of the 14 results were successful, followed by the Inner East where 92.5 percent of auctions cleared.
Sydney was the busiest capital city auction market this week, with 766 auctions held and a preliminary clearance rate of 83.1 percent.
Looking at final numbers for last week, 76.0 percent of Sydney auctions were successful, while one year ago the clearance rate was 71.2 percent, weaker than the current results for the city.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.23%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.23%20am.jpg" alt="">
Sydney’s strongest performing sub-regions this week were Ryde (94.6 percent), Northern Beaches (90.9 percent) and North Sydney and Hornsby (90.2 percent).
With no public holiday on Monday for Brisbane, auction activity remained relatively stable, with 126 auctions held across the city, down from 158 last week and 152 one year ago.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.31%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.31%20am.jpg" alt="">
The clearance rate increased from 55.3 percent last week to 61.1 percent this week, while at the same time last year, just 38.5 percent of reported Brisbane auctions were sold.
Across the Gold Coast, 45 auctions were held this week and preliminary results show that 46 percent of the 30 reported results were successful.
In Adelaide, an 87 percent preliminary result was recorded this week across 82 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.39%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.02.39%20am.jpg" alt="">
Last week, 147 Adelaide auctions returned a clearance rate of 68 percent for the city, while at the same time last year 51 percent of Adelaide’s auctions cleared across 95 auctions.
Perth’s preliminary clearance rate was 44 percent this week, up from 28 per cent last week.
This week 28 Perth homes were auctioned, while 9 results have been reported so far. At the same time last year, 42 percent of Perth auctions cleared.
Across Canberra, 42 homes were taken to auction this week.
Preliminary results show a clearance rate of 83 percent, up from 70 percent the previous week.
So far 2 of the 3 Tasmanian results have been reported with 1 sale.
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Auction numbers ease given long weekend: CoreLogic

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Melbourne will hold just over 250 auctions this weekend, down from last Saturday’s 1182 listings and down from the 342 auctions for the same weekend last year according to Domain's Andrew Wilson.
He said the west suburban region of Melbourne will again host the most number of auctions on Saturday with 62.
"This is followed by the outer east 41, the north 29, the north east and the inner east each with 28, the inner city and the south east each with 22 and the inner south with 19 auctions listed on the weekend," he said.
"The most popular suburb for auctions this weekend in Melbourne is Craigieburn with 8 followed by Hopper Crossing 6, Glen Waverley, St Albans and Burwood each with 5 and Reservoir, Glenroy and Brunswick East, Melbourne and Altona North each with 4 auctions each on Saturday.
"Melbourne recorded a clearance rate of 80.6 percent last Saturday which was slightly lower than the 82.4 per cent recorded the previous weekend but remained well ahead of the 75.4 percent recorded over the same weekend last year.
"Despite the lower result, Melbourne has now recorded consecutive weekend rates above 80 per cent for the first time since June 2015 – a clear indication of the underlying strength of the local market."
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jonathanchancellor-7SQnKwU6yx

Melbourne weekend auctions nudge over 250: Andrew Wilson

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There are 1,362 properties scheduled to go to auction this week across the combined capital cities, this is a significant decrease in volume compared to the 2,907 auctions last week, according to CoreLogic.
The property data firm says that across the two major auction markets, in Melbourne and Sydney, auction activity has fallen this week, with only 333 auctions to be held across Melbourne.
This is down substantially from 1,459 last week and 754 homes to go to auction across Sydney, down from 950 last week.
Across the smaller markets, volumes are set to decrease across the remaining capital cities.
Overall activity is lower than over the corresponding week last year (1,488).
Capital city auctions this week:
<ul>
<li>Sydney: 754</li>
<li>Melbourne: 333</li>
<li>Brisbane: 122</li>
<li>Adelaide: 82</li>
<li>Perth: 28</li>
<li>Canberra: 40</li>
</ul>
Craigieburn in Victoria is the busiest suburb for auctions across the nation this week, with 14 residential homes scheduled to go under the hammer, followed closely by Wahroonga and Randwick, both of which are in NSW, with 13 and 11 auctions to be held respectively.
Summary of last week’s results:
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-1.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/2017/03/09/Corelogic-1.jpg" alt="">
The combined capital city final auction clearance rate fell to 74.6 per cent last week, down from 78.4 per cent over the previous week, when the final clearance rate recorded the strongest result since June 2015.
Auction volumes were lower last week with 2,907 auctions held, compared to 3,301 the week prior.
Over the same week last year, both auction volumes and clearance rate were lower, when 68.6 per cent of the 2,304 auctions were reported as successful.
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-2.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/2017/03/09/Corelogic-2.jpg" alt="">
Last week saw Melbourne’s final clearance rate fall to 78.4 per cent, down from 81.0 per cent the previous week.
Across Sydney, the final clearance rate fell to 76.0 per cent, down from 80.0 per cent the previous week.
Both Melbourne and Sydney saw a decrease in the number of auctions held over the week, with 1,459 and 950 auctions, down from the previous week’s 1,635 and 1,210 respectively.
Across the smaller auction markets, clearance rates decreased across all of the capital cities, with the exception of Tasmania where the clearance rate remaining unchanged.
The busiest non-capital city region last week was the Gold Coast, with 60 auctions; however Wollongong recorded the strongest clearance rate at 81.3 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/03/09/Corelogic-3.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/2017/03/09/Corelogic-3.jpg" alt="">
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Auction numbers decline over Moomba long weekend: CoreLogic

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The REIV is expecting about 320 auctions in 189 suburbs this week.
The top auction locations this week are Craigieburn (8 auctions) and Hoppers Crossing (7 auctions), followed by Rye and St Albans with 6 auctions in each.
Last weekend there were 1,237 auctions (exc. 14 postponed and 21 withdrawn).
This weekend there will be 320 auctions.
This weekend last year 69 percent from 388 auctions.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-124766458">27 Hanson Road</a>, Craigieburn (above) has been listed for auction this Saturday.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-124757250">76 Thoresby Circuit</a>, Craigieburn (below) has been listed for auction 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/2017/03/09/76%20Thoresby%20Circuit.jpg" alt="">
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Craigieburn tops Melbourne's 320 auctions on Moomba weekend

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Future Fund board member Michael Wachtel is keeping a very close eye on the property market across Melbourne's two most watched property locations.
The Credit Suisse advisor was in the auction crowd when the late Lady Susan Renouf's Toorak home (above) was put to auction with $5 million plus last weekend.
After an hour of post-auction negotiations, the Struan Street home was sold but not to the only bidder at $4.55 million.
Renouf had bought the three bedroom home for $1.85 million from the blue blood Grimwade family more than a decade ago.
Wachtel and his photographer wife Linda monitor the Toorak market as their five bedroom home is currently listed with a price guide of $6.8 million plus through Kay &amp; Burton agents Michael Gibson and Matt Davis. 
The couple paid $726,000 for the Cross Street home in the recession-hit Melbourne in 1992.
They have paid $3.2 million for a 410 sqm site elsewhere in Toorak where they will build a new town house.
Wachtel came to our attention last month when he paid $1.95 million for the former Bell stockbroking family weekender at Portsea where he's owned for 13 years.
No sooner had he signed the contract on the three bedroom home with large entertaining deck that overlooks the Fiona Brockhoff designed gardens, than he was attending another auction.
Just out of curiosity it seems.
This article first appeared in the Weekend Australian's Mansion Australia section.
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firstname1-iYD4UYzvBa

Future Fund member Michael Wachtel watches Melbourne market

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The current Essendon captain, Dyson Heppell and a former club captain Matthew Lloyd both secured post auction sales for their Melbourne investment properties on the weekend.
Dyson Heppell’s three-bedroom <a href="https://www.realestate.com.au/sold/property-house-vic-moonee+ponds-124554446" target="_blank">Moonee Ponds terrace</a> (above) fetched $1.44 million after being passed in at $1.35 million to its only bidder.
The 1880s Chaucer St offering had cost $1,065,000 in 2013.
It then became a $700 a week rental property.
Matthew Lloyd’s three-bedroom 1890s <a href="https://www.realestate.com.au/sold/property-house-vic-albert+park-124659998" target="_blank">Albert Park cottage</a> (below) sold for $1.85 million after it passed in on a vendor bid of $1.8 million at its Greg Hocking Holdsworth auction.
 <img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.01.13%20AM.png" alt="">
Renovated in 2007, it last sold at $1,477,500 in 2010. It became a $1000 a week rental property for the then recently retired champion.
"I thought what better place to invest than Albert Park," he told the Herald Sun.
“I was looking there and found a renovated property where I didn’t have to do any work and could rent it out.”
Heppell secured just over nine percent annual price growth during his three plus years while Lloyd achieved three percent annual growth during his six years.
No renovation work had been done by Heppell, while Lloyd recently put in a new bathroom, redid the floors and had given the whole house a repaint.
A five bedroom house with Sydney Harbour Bridge views at McMahons Point sold post-auction for $9.38 million, the highest priced result at weekend auctions across Australia.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-124619422" target="_blank">3A Warung Street</a>, (below) the tri-level property is set in a prized waterfront enclave.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.02.18%20AM.png" alt="">
The property was offered through McGrath who suggested it was Sydney's lower north shore highest auction result so far this year.
After nine contracts were issued, just two interested parties competed for the home which was passed in at $9.1 million.
It sold post auction to a couple reportedly downsizing from Hurstville, according to Domain. 
Another highlight in Sydney saw the waterfront <a href="https://www.realestate.com.au/property-house-nsw-balmain-124589878" target="_blank">1870s Balmain home</a> (below) of anthropology academic, Professor Richard Wright fetch $6.1 million, well above its $5.5 million reserve, when offered for the first time in more than five decades.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.03.37%20AM.png" alt="">
A four bedroom 1920s Toorak home sold for $5.5 million was the highest priced result in Melbourne at the weekend auctions.
Located at <a href="https://www.realestate.com.au/property-house-vic-toorak-124623202" target="_blank">684 Orrong Road</a>, below) the property set on 877 sqm of land had last traded almost 50 years ago.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.04.28%20AM.png" alt="">
It was marketed with a price guide of $4 million plus through Marshall White agents Richard Mackinnon and Fraser Cahill.
The solid brick residence was marketed as available for immediate residency, renovation or development as apartments or townhouses.
It features leadlight windows, beamed ceilings and timber floors beginning from its reception hall.
Auction results continue their strong run into March, with the east coast auction engine rooms, Sydney and Melbourne recording an 80% clearance rate, according to CoreLogic’s latest report.
SQM Research Louis Christopher said the weekend results showed that buyer demand was holding up even as more sellers come back into the market.
The property data firm says that the preliminary clearance rate across the combined capital cities fell slightly, from 78.4 per cent to 77.8 per cent, based on preliminary results.
The number of auctions held across the capitals was lower, with 2,714 held, compared to 3,301 over the previous weekend which was a record high for February.
"In comparison, over the corresponding weekend last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,304 auctions held and 68.6 per cent reported as successful," Kevin Brogan, CoreLogic's auction commentator said. 
Sydney saw the clearance rate remain above 80 per cent for the fourth week in a row, and Melbourne for the second week in a row, while across the remaining cities; week-on-week results show a fall in clearance rates with the exception of Perth where results improved, and Tasmania, which remained unchanged over the week.
Melbourne was host to 1,399 auctions and preliminary results show a clearance rate of 80.4 per cent, down slightly from last week’s final clearance rate of 81 per cent across 1,635 auctions.
At the same time last year, Melbourne’s clearance rate was 72.1 per cent, with 1,236 auctions held across the city.
Melbourne’s Inner region was the busiest for auctions with 295 homes going under the hammer, followed by Inner South (260) and Inner East (179).
The North East region was the best performer in terms of Melbourne clearance rates, with an 87.6 per cent success rate across 133 auctions.
The REIV president Joseph Walton said he summer auction market, from December to February, has delivered the highest number of auction sales on record with close to 5,600 homes sold under the hammer.
Sydney’s preliminary auction clearance rate increased to 80.5 per cent from 80 per cent last week.
Auction volumes were lower this week with 886 homes taken to auction, compared to 1,210 last week.
The same weekend last year had a clearance rate of 68.7 per cent was recorded across 708 auctions.
The performance across Sydney’s regions was varied - across the South West region with a clearance rate was 66 per cent to the City and Inner South (88 per cent) and also the Northern Beaches (88 per cent).
Across Brisbane, the clearance rate was 59 per cent, down from 62 per cent but higher than one year ago (50 per cent).
Auction volumes were also down with 148 auctions, compared to 176 last weekend and a lower 133 last year.
Hendra had the top price when $3.5 million was paid for a <a href="https://www.realestate.com.au/property-house-qld-hendra-124694682" target="_blank">five bedroom home</a> (below) rich in original features.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.05.29%20AM.png" alt="">
It was marketed by Ray White Real Estate as a modern Queenslander.
A total of 120 auctions were held in Adelaide, down from 122 last weekend, although higher than last year (99).
Preliminary results show 69 per cent sold, down from the prior 71 per cent when the city recorded the highest clearance rate for the year to date.
The preliminary clearance rate for Perth was 36 per cent, compared to 30 per cent last weekend and 21 per cent last year.
Canberra’s clearance rate fell to 70 per cent, after being recorded at 76 per cent last weekend.
There were 116 auctions held across Canberra, up from 103. 
An auction in Forde set a $1.4 million suburb record by $130,000, according to Domain.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.06.32%20AM.png" alt="">
It was a <a href="https://www.realestate.com.au/sold/property-house-act-forde-124693566" target="_blank">five bedroom offering</a> (above) on an 800 sqm block at 3 Arndt Street.
One year ago, 67 percent of Canberra’s 88 auctions cleared.
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jchancellor-FAypfDUnLy

Bomber Dyson Heppell sells in Moonee Ponds after weekend auction 

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The Sydney auction market is in top shape after a record-high February performance for clearance rates and listings, according to Domain's Dr Andrew Wilson.
He said this weekend Sydney will host nearly 700 auctions as the autumn auction selling season begins.
"700 auctions will be significantly lower than last weekend’s record February Super Saturday 940 listings but significantly higher than the 583 auctioned over the same weekend last year," he said.
"The south will host the most number of auctions with 88 followed by the inner west and the upper north shore each with 85, the city and east 80, the lower north 79, the south west 62, the west 57, the northern beaches 48, Canterbury Bankstown 45, the north west 27, the central coast 17 and the Blue Mountains with 2 auctions listed for Saturday.
"The most popular suburb for auctions this weekend in Sydney is Mosman with 15 followed by Wollstonecraft 10, Blacktown 9, Marrickville and Ryde each with 8 and a number of suburbs with 7 auctions listed including Randwick, North Sydney, Casula and Croydon Park."
 
 
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Sydney auctions in top shape post February highs

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Combined capital city auctions are predicted to fall this week after the record highs of February, according to CoreLogic.
CoreLogic report 2,558 auctions are slated for this week, down from 3,301 auctions last week.
"Auction activity is down week-on-week in Melbourne and Sydney, the two major auction markets, with 1,302 Melbourne homes set to go to auction, down from last week’s 1,635, and 858 auctions set to be held across Sydney, decreasing from last week’s 1,210," CoreLogic said.
"Across the smaller markets, volumes are set to decrease across the remaining capital cities.
"However, overall activity is set to be higher than what was seen over the corresponding week last year (2,304)."
 
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Capital city auctions this week: 
<ul>
<li>
Sydney: 858 
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<li>
Melbourne: 1,302 
</li>
<li>
Brisbane: 141 
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Adelaide: 112 
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Perth: 35 
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 Canberra: 104 
</li>
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"South Yarra and St Kilda in Victoria are the two busiest suburbs for auctions across the nation this week, each with 21 residential homes set to go under the hammer, followed by Malvern East and Reservoir also in Vic both with 19 and Mosman in NSW with 17 auctions."
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mick.cee-iDmgDDAmu8

Weekend auction levels down from February highs: CoreLogic

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The new year began on a strong footing with capital city clearance rates at auctions generally tracking in the high 70% to mid-80% range from week to week, according to CoreLogic’s latest report.
The property data firm says the results of ‘Super Saturday’ last week saw an unprecedented number of auctions for February; clearance rates reached a new high for 2017 despite the large number of auctions held.
Advertised listing numbers remain low across the hottest housing markets, with total residential advertised listings in Sydney tracking 11.3% lower than the same period a year ago, Melbourne total listings are 5.1% lower than last year, Hobart listings are down by 35% and Canberra advertised stock levels are 6.2% lower than a year ago.
CoreLogic head of research Tim Lawless said, “Low levels of advertised stock for sale at a time when buyer demand remains strong is creating a sense of urgency among buyers, which is adding to the upward pressure on prices.
"This helps to explain why clearance rates are so high, and private treaty sales are so rapid across the strongest markets.”
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.42%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/2017/03/1/Screen%20Shot%202017-03-01%20at%2010.17.42%20am.jpg" alt="">
Overall, the latest results from the CoreLogic Hedonic Index highlights the performance diversity across Australia’s housing market, he added.
"The continuation of the capital gains rebound is likely to create further discomfort among policy makers, particularly in light of the growing debate around affordability and the high level of demand from investors.”
“I remain of the view that housing market conditions will moderate during 2017 due to affordability constraints impacting on housing demand, as well as higher supply levels and an eventual slowing of investment demand brought about either through changed policies from Australian lenders or via regulatory changes aimed at slowing credit growth across the investment sector.”
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