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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Melbourne reported a clearance rate of 78.7 percent on Saturday, with Sydney posting a boom-time weekend clearance rate of 84.2 percent according to Domain's Dr Andrew Wilson.
He said about 470 homes were scheduled to go under the hammer in Melbourne over the weekend, similar to the 466 auctions conducted over the same weekend last year.
"Higher auction numbers also translated into a more representative spread of regional listings at the weekend, with a higher proportion of inner suburban, higher-priced homes going under the hammer. This trend will escalate over coming weekends," he said.
"Melbourne’s northern suburban region continued to record the highest weekend clearance rates, as it did for most of last year. 
"The north east was tops at 91.4 percent, followed by the north at 87.5 percent, the inner east at 86.4 percent, the west at 80.3 percent and the highest sales with 61, the outer east at 76.6 percent, the inner south at 76.4 percent, the south east at 72.4 percent and the inner city trailing again this weekend with 67.6 percent.
"About 540 homes were listed for auction in Sydney on Saturday, which was a record early-February offering.
"Inner suburban regions were again the top performers in Sydney at the weekend, which continued the consistent trend of most of the past year. 
"The top clearance rate was recorded by the lower north with a booming 94.6 percent, followed by the inner west with 93.3 percent and the most sales at 56.
"The city and east had a clearance rate of 88.1 percent, Canterbury Bankstown with 83.3 percent, the central coast with 82.4 percent, the upper north shore with 82 percent and the south west with 81.8 percent.
"The northern beaches had a clearance rate just under 80 percent at 79.5 percent, while the south and the north west each recorded a 78.3 percent clearance rate. The west trailed at 68.4 per cent and the Blue Mountains even less at 50 percent."
 
 
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jonathanchancellor-7SQnKwU6yx

Sydney posts boom-time weekend clearance rate, Melbourne numbers high

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It has been strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne, according to CoreLogic's latest report.
The property data firm says that despite the surge in the number of auctions held, the combined capitals region recorded a preliminary auction clearance rate of 76.6 percent.
This is up from last week, when the final clearance rate dipped to 68.7 per cent.
Auction volumes saw a significant increase over the week, with volumes rising week-on-week across all of the capital cities, with the exception of Adelaide which saw a decrease over the week.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%209.53.02%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/13/Screen%20Shot%202017-02-13%20at%209.53.02%20am.jpg" alt="">
There were 1,564 properties taken to auction across the combined capital cities this week, compared to last week’s 881.
At the same time last year, auction volumes were lower, with 1,400 capital city auctions held with a lower rate of clearance (71.8 per cent).
The two largest auctions markets, Sydney and Melbourne, recorded a preliminary clearance rate of 84.8 per cent and 75.4 per cent respectively.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%209.53.08%20am.jpg" target="_blank">Click to enlarge</a>
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This suggests that vendors are still very much in the driver’s seat across these markets.
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j.ballantyne1990-6AQqhLzZaK

Strong February auction activity in capital cities: CoreLogic

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The auction market will start to gather momentum coming into February after the seasonal slowdown over the holiday period, with auction numbers doubling over the week across the combined capital cities, according to CoreLogic’s latest report.
The property data firm says that there were 867 auctions being tracked by CoreLogic this week, with a preliminary clearance rate of 70.8 per cent, compared to last week’s 71.6 per cent across 368 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.56.27%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/2017/06/Screen%20Shot%202017-02-06%20at%209.56.27%20am.jpg" alt="">
Although auction activity has shown a significant uplift over the week across the combined capitals auction volumes are increasing at a slower rate than what was seen over the corresponding period last year, when 916 auctions were recorded with a similar rate of clearance (70.1 per cent).
The lower volumes can be attributed to slower activity across the Sydney market, which was also evident over the same week last year, when volumes were lower over the given period compared to previous years.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.56.35%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/2017/06/Screen%20Shot%202017-02-06%20at%209.56.35%20am.jpg" alt="">
While the combined capital city clearance rate returned a strong result over the week, as auction numbers continue to gather pace we will get a clearer understanding if auction trends remain as strong as they were at the end of 2016.
In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 77.5 per cent was recorded across 255 auctions this week.
This is almost double the volume recorded last week, although slightly lower than what was seen over the corresponding week last year.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.57.44%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/2017/06/Screen%20Shot%202017-02-06%20at%209.57.44%20am.jpg" alt="">
Last week, Melbourne’s final clearance rate was recorded at 82.4 per cent across 137 auctions.
During this time last year, 268 properties were taken to auction across Melbourne and a clearance rate of 77.6 per cent was recorded.
The busiest Melbourne sub-regions this week were Melbourne’s West region and the South East region, where 68 and 36 auctions were held respectively.
Sydney’s preliminary clearance rate this week was 78.1 per cent across 192 auction results.
There were a total of 255 auctions held across the city.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.57.49%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Screen%20Shot%202017-02-06%20at%209.57.49%20am.jpg" alt="">
Looking back at this weekend last year auction volumes were higher, when 313 auctions were held across Sydney and a clearance rate of 75.0 per cent was recorded.
Sydney’s North Sydney and Hornsby hosted the most auctions of any Sydney sub-region this week, with 39 properties taken to auction.
The preliminary clearance rate for the region is 82.1 per cent across 28 results.
There were 99 Brisbane homes taken to auction this week, with 67 results reported so far.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.57.56%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Screen%20Shot%202017-02-06%20at%209.57.56%20am.jpg" alt="">
The preliminary clearance rate for the city is 58.2 per cent, down from 63.0 per cent last week and higher than one year ago, when 54.0 per cent of the 111 properties taken to auction were successful.
Across the Gold Coast 48 results have been reported so far, with a success rate of 47.9 per cent (23 sales).
A total of 143 Adelaide homes were taken to auction this week, with a preliminary clearance rate of 64.3 per cent across 84 results.
This is lower than the 70.5 per cent recorded over the corresponding week last year when 107 auctions were held across the city.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%209.58.12%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/2017/06/Screen%20Shot%202017-02-06%20at%209.58.12%20am.jpg" alt="">
In Perth, 35 auctions took place this week, with 14 results reported so far.
Perth’s preliminary clearance rate of 28.6 per cent across these 14 results is lower than both last week’s result (38.5 per cent) and the clearance rate from one year ago (35.3 per cent).
Canberra’s preliminary auction clearance rate of 75.4 per cent this week is higher than last week, when the final auction clearance rate was 72.7 per cent and higher than the 71.4 per cent recorded last year.
There were 11 Tasmanian auctions held this week, 2 were reported as sold
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Auction numbers double in all capital cities as February market gains momentum: CoreLogic

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There’s a well-versed property adage that the greater the supply, the weaker the sales success. 
And the opposite has been the case especially in Sydney and Melbourne. 
In 2017 across Australia there’ll be 1000s of auctions every week. 
To ensure your property buying success, <a href="https://www.propertyobserver.com.au/images/stories/marketing/ebooks/eBook_16-tips-for-buying-well-at-auction-in-2017.pdf" target="_blank">click here</a> to download our eBook, 16 tips for wise auction bidding.
 
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po-LsXgBTHBmX

16 tips for buying well at auction in 2017

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The distraction of Christmas parties, shopping and holidays caught up with the bumper stock of weekend property auctions when the clearance rates dipped into the low 70s.
There was record volumes for this time of year, including some 70 plus auctions held Sunday, in an unusually high attempt to sell before Santa arrives.
There are nine Christmas Eve Saturday auctions scheduled across four states, according to realestate.com.au.
South Australia has the most Christmas Eve auctions with three listings.
It includes a a Goodwood cottage which is expected by the Harcourts listing agent to see investors, renovators and builders compete for the <a href="https://www.realestate.com.au/property-house-sa-goodwood-124291894" target="_blank">9 Blackett Street</a> offering, which has been a $395 a week rental.
The 1950s three bedroom cottage last sold at $505,000 in December last year.
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jchancellor-FAypfDUnLy

Goodwood auction among nine scheduled for Christmas Eve

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The distraction of Christmas caught up with weekend auction listings.
Not harshly, but the clearance rates did dip into the low 70s as record volumes came in a late December flood.
One of the failed offerings was a former lolly shop in Williamstown.
Marketed at $1.1 million plus, the <a href="https://www.realestate.com.au/property-house-vic-williamstown-124190858" target="_blank">45 Stevedore Street listing</a> was passed in at $1,265,000.
The Herald Sun reported the residence attracted a $1.3 million written offer post-auction to RT Edgar Williamstown.
The five-bedroom 1900 property was being offered for the first time in 21 years last selling at $189,000 in 1995.
There was success however at Brighton's Dendy Beach.
A newly built bathing box, built by the local council, sold at a record price.
It was listed through Nick Johnstone Real Estate agent Alan McGillivray, who given its distant location on the strip, gave a cautious mid-$200,000s price guidance.
But Box 85 sold on Saturday for $326,000. Painted orange and yellow, the box exceded recent records when $295,000 was set in early 2016 and mid-year when <a href="https://www.realestate.com.au/property-house-vic-brighton-122566182" target="_blank">bathing box 44</a> sold at $307,000.
he auctioneer Nick Johnstone told the crowd only three more of the boxes will be built.
There were three bidders.
A $4.6 million Warrawee home topped the nation's weekend auction sales.
The <a href="https://www.propertyobserver.com.au/https://www.dijones.com.au/properties-sold/listings/2721" target="_blank">2a Pibrac Avenue</a> offering sold two days before the weekend auction having been marketed with $4.5 million expectations through Di Jones Real Estate.
<img src="/images/2016/12/18/Warrawee.jpg" alt="">
The five bedroom architecturally-designed home on its 1560 sq m block had last sold at $1.5 million in 2003.
The cheapest was $250,000 at Frankston.
The 7/74 Beach Street offering was <a href="https://www.realestate.com.au/property-apartment-vic-frankston-124242762" target="_blank">a top floor two bedroom apartment</a> that had been recently renovated.
<img src="/images/2016/12/18/Frankston.jpg" alt="">
It was last listed for rent at $250 a week in 2014.
Melbourne's top sale was when <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-124207586" target="_blank">24 Alexandra Avenue, Canterbury</a> sold through Marshall White for $4,012,000.
<img src="/images/2016/12/18/Canterbury.jpg" alt="">
The brick 1910 five bedroom home sold in 2012 at $2,505,000.
Two bidders battled it out after it went on the market at $3.8 million.
CoreLogic's Kevin Brogan noted the combined capital city clearance rate fell slightly to 70.5 per cent, down from last week’s 71.6 per cent.
The number of properties taken to auction also fell across the capital cities, with 2,722 reported auctions, down from 3,432 last week, which was the second busiest auction week of the year.
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.46.12%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.46.12%20pm.jpg" alt="">
"However, compared to the corresponding week last year, auction activity is significantly higher, with 1,818 auctions and a lower rate of clearance (59.4 per cent) reported over the same period last year."
He advised auction numbers will remain relatively sedate over the festive period.
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.46.19%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.46.19%20pm.jpg" alt="">
In Melbourne the number of homes taken to auction fell to 1,286, down from last week’s seasonal high of 1,685, with the preliminary clearance rate for the city also falling over the week (75.7 per cent), down from 78.4 per cent over the previous week.
"However, this is significantly higher than the corresponding week last year when 875 auctions were reported with a clearance rate of 65.7 per cent," he noted.
Across Melbourne’s sub-regions, the Inner South region recorded the highest preliminary clearance rate of all the regions, with 84.4 per cent of the 113 auctions successful, followed by the Mornington Peninsula region, where an 82.5 per cent preliminary clearance rate was recorded across 52 auctions.
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.12%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.12%20pm.jpg" alt="">
Across Sydney, there was a lower volume of auctions this week, with 874 held, down from 1,168 over the previous week.
The preliminary clearance rate for the city saw a slight increase over last week, up to 74.1 per cent from 73.7 per cent last week.
"When compared to the same time last year, both, the clearance rate and number of auctions held are significantly higher than the equivalent period, when a 61.2 per cent clearance rate was recorded across 456 auctions," he said.
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.20%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.20%20pm.jpg" alt="">
The Sydney Northern Beaches region recorded the strongest clearance rate of all the Sydney sub-regions, with a 90.2 per cent preliminary rate of clearance across 64 auctions, while the Inner South West region recorded the highest volume of auctions (118).
There were 233 Brisbane properties taken to auction with a preliminary clearance rate of 45.7 per cent, up from 43.5 per cent last week and also higher than the same period last year, when 45 per cent of the 191 properties taken to auction were successful.
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.29%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.29%20pm.jpg" alt="">
Adelaide saw a preliminary clearance rate of 61.4 per cent across a total of 132 scheduled auctions.
"This is higher than the previous week, when Adelaide’s clearance rate was 58.3 per cent and also higher than the 57.3 per cent recorded one year ago."
<a href="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.39%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/18/Screen%20Shot%202016-12-18%20at%201.51.39%20pm.jpg" alt="">
Perth’s clearance rate of 30 per cent across 47 auctions was up from the previous week, when 76 auctions were held and a clearance rate of 20.0 per cent was recorded.
Over the same week last year, the clearance rate was lower, when 25.8 per cent of the 68 auctions were successful.
Canberra’s preliminary auction clearance rate of 65.5 per cent this week is higher than last week, when the final auction clearance rate was 60.8 per cent and also higher than the 52.2 per cent recorded last year. 
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Williamstown lolly shop fails to sell in pre-Christmas rush to auction

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Confident sellers have flooded the Melbourne and Sydney auction markets this Saturday.
There are record year end weekend offerings.
Auctions are scheduled up to 5pm including <a href="https://www.realestate.com.au/property-house-nsw-turramurra-124210482" target="_blank">Chasecote</a>, (above) the 1907 home at Turramurra which has been listed through Chadwick Real Estate. Nearly 1100 homes are set to go under the hammer this weekend, which is below last weekend’s 1372 auctions but well ahead of the 717 auctioned over the same weekend last year in Melbourne.
Domain says Melbourne has listed 3606 weekend auctions over December which is ahead of the 3558 listed last December.
It is the highest number of December auctions on record for the local market. Melbourne’s western suburbs are yet again tops for auction activity this Saturday with 231 homes listed to go under the hammer.
Next highest is the north east with 178 auctions followed by the north 131, the outer east 120, the inner city 105, the inner south 96, the inner east 86 and the south east with 76 auctions listed. The most popular suburb for auctions at the weekend will again be Glen Waverley, with 21, closely followed by Epping 20, Richmond, St Albans and Bundoora each with 17.
Mount Waverley and Richmond each with 15 and Pascoe Vale with 14 auctions listed on Saturday. Last Saturday’s result was the highest for nearly two months and only the third time the local clearance rate has exceeded 80 percent all year, Dr Andrew Wilson, the Domain Group’s chief economist said.
Nearly 700 homes will go under the hammer in Sydney on Saturday which will be lower than last weekend’s 908 auctions but more than double the 320 auctioned over the same weekend last year.
Sydney has listed 2464 weekend auctions over December which is well ahead of the 1936 listed last December and the highest number of December auctions on record for the local market.
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Record auction rush in last minute December offerings in Melbourne and Sydney

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Next Saturday sees record volumes for the near-final Saturday before Christmas.
Then one solitary Sydney vendor will be trying their luck on December 24, Christmas Eve.  
Next Saturday, December 17 Melbourne will host more than 1000 auctions, which will be the highest final weekend offering for the city on record.
Domain's senior economist Dr Andrew Wilson says Sydney will host well over 600 auctions next Saturday, which is also the highest final weekend offering for the city on record.
The only known December 24 auction is at Leumeah.
Raine and Horne Strathfield agent David Porcellato is auctioning the five bedroom house at noon on Christmas Eve.
Mr Porcellato said he would never normally schedule an auction on Christmas Eve, but believed the home at <a href="https://www.realestate.com.au/property/29-menindee-ave-leumeah-nsw-2560" target="_blank">29 Menindee Avenue</a> had a good chance of selling under the hammer.
“Next year we don’t really know what the market will do, so we wanted to get in while it’s still very strong for the ­sellers,” he told the Daily Telegraph.
The caravan in the driveway suggests the owners wish to head off as soon as possible.
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Christmas Eve auction for Leumeah

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Capital city clearance rate remained strong for the first week of summer at 75 percent, while the number of auctions fell week- on-week, according to CoreLogic’s latest weekly report.
The property data firm says that the combined capital city preliminary clearance rate rose this week to 75 percent, up from last week’s final clearance rate of 73 percent.
This week’s auction market results indicate that clearance rates are maintaining strength coming into summer.
This is a trend that is very different compared with last year’s performance when auctions clearance rates were tracking in the high 50 percent to low 60 per cent range.
The number of properties taken to auction this week fell across the capital cities, with 3,173 reported auctions, down from 3,398 last week, which was the second busiest week for auctions this year.
<a href="/images/2016/12/05/Weekly%20clearance%20rate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Weekly%20clearance%20rate.jpg" alt="">
In Melbourne and Sydney, the number of auctions held have decreased (1,410 and 1,158) while across the smaller capital cities, auction volumes have increased over the week.
Auction activity is expected to slow over the remaining weeks of December, however the strong trend in clearance rates is showing no signs of easing.
<a href="/images/2016/12/05/Weekly%20clearance%20rate%20Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Weekly%20clearance%20rate%20Melbourne.jpg" alt="">
Melbourne’s preliminary clearance rate increased to 79.3 percent, up from 76.1 percent over the previous week.
Auction volumes decreased with 1,410 auctions held over the week, slightly down from 1,616 over the previous week.
Over the corresponding week last year, the clearance rate was 63.3 percent across 1,622 auctions.
Looking at Melbourne’s sub-regions, the North East region was the best performer in terms of clearance rates, with an 88.6 percent success rate across 166 auctions, followed by the North West region, where 83.0 percent of the 97 auctions sold.
<a href="/images/2016/12/05/Weekly%20clearance%20rate%20Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Weekly%20clearance%20rate%20Sydney.jpg" alt="">
In Sydney, 1,158 auctions were held this week, down from 1,262 over the previous week.
The preliminary clearance rate of 77.7 per cent is up from 77.1 per cent last week, and also higher than the corresponding period last year, when a clearance rate of 52.9 percent was recorded across 1,070 auctions.
Looking at the sub-regions of Sydney, the Northern Beaches region recorded the strongest clearance rate of 88.9 percent across 112 auctions, while the North Sydney and Hornsby region had the highest volume of auctions (168).
<a href="/images/2016/12/05/Weekly%20clearance%20rate%20Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Weekly%20clearance%20rate%20Brisbane.jpg" alt="">
Brisbane was host to 202 auctions this week and so far 123 results have been reported with a preliminary clearance rate of 50.4 percent.
Last week, auction volumes across the city were lower with 191 auctions held across the city and a 43.8 percent clearance rate recorded.
Across the Gold Coast, there were 68 properties up for auction this week.
Of the 26 results reported, 57.7 percent were successful.
<a href="/images/2016/12/05/Weekly%20clearance%20rate%20Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Weekly%20clearance%20rate%20Adelaide.jpg" alt="">
This week, Adelaide saw a preliminary clearance rate of 64.4 percent, with 104 reported results across a total of 165 scheduled auctions.
In comparison, over the previous week Adelaide’s clearance rate was 63.1 percent and 60.0 percent one year ago.
Perth’s clearance rate of 67.3 percent across 88 auctions is up from the previous week, when 67 auctions were held and a clearance rate of 27.3 percent was recorded.
Over the same week last year, the clearance rate was a lower 36.0 percent, and 67 auctions were held.
Across Canberra a total of 136 auctions were held this week, compared to 112 last week and 123 at the same time last year.
Canberra’s preliminary clearance rate of 63.8 percent is lower than it was the previous week (72.1 percent).
Of the 14 Tasmanian auction results reported so far this week, 4 sales have been recorded.
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Clearance rate remains strong in first week of summer: CoreLogic

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GUEST OBSERVER
Auction volumes are set to increase slightly this week with 3,232 capital city auctions currently being tracked by CoreLogic this week compared to 3,207 auctions last week.
Auction volumes are set to rise this week in Melbourne, with 1,561 auctions scheduled. There are slightly fewer auctions scheduled across Sydney this week, with 1,126 homes set to be taken to auction. Auction activity is set to be higher than the corresponding week last year (2,989).
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Capital city auctions this week:
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<div class="entry">
<ul>
<li>Sydney: 1,126</li>
<li>Melbourne: 1,561</li>
<li>Brisbane: 190</li>
<li>Adelaide: 150</li>
<li>Perth: 72</li>
<li>Canberra: 110</li>
</ul>
Glen Waverley in Melbourne is the busiest individual suburb for auctions across the nation this week, with 24 residential homes set to go under the hammer. Followed by Reservoir (23), St Kilda (21), Richmond (20) and Hawthorn (19), all of which are in Victoria.
Summary of last week’s results:
<a href="/images/2016/12/08/20161208-Capital-City-Stats.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Capital-City-Stats.jpg" alt="">
Capital city auction clearance rates remained strong last week for the first week of Summer, final results show 72.3 per cent of auctions were successful. However, the number of properties taken to auction last week fell across the capital cities with 3,207 auctions held, down from 3,398 the previous week.
<a href="/images/2016/12/08/20161208-Capital-City-Timeseries.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Capital-City-Timeseries.jpg" alt="">
Last week saw Melbourne’s final clearance rate increase to 77.3 per cent, from 76.1 per cent the previous week, while for Sydney, final results show that the clearance rate for the city fell from 77.1 per cent the previous week to 75.2 per cent last week. Auction numbers decreased over the week in both Melbourne and Sydney, down to 1,416 and 1,182 from the previous week’s 1,616 and 1,262 respectively.
Across the smaller auction markets, performance was mixed last week, with clearance rates improving in Adelaide and Perth, while Brisbane, Tasmania and Canberra’s clearance rate fell.
The Hunter region was the busiest non-capital city region last week, with 73 auctions; however Geelong recorded the strongest clearance rate at 86.1 per cent.
<a href="/images/2016/12/08/20161208-Subregions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Subregions.jpg" alt="">
 Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
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