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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After a stellar spring selling season, the tail end of Sydney's 2016 vendors could sense a weakened pitch to secure auction success.
So having bought around the corner in Clontarf, the former fast bowler Brett Lee and wife Lana were among those to take a pre-auction offer.
Their redundant Seaforth waterfront home (above) sold just before its <a href="https://www.realestate.com.au/sold/property-house-nsw-seaforth-123958158?rsf=edm:iap:listing" target="_blank">weekend auction</a>.
The paperwork was being signed inside the three level home on Sydney's Spit as auction attendees were being turned away.
Clarke and Humel agents Cherie Humel and Michael Clarke had given $4.8 million price guidance, with the last minute negotiations securing the buyer at $4.91 million.
The couple paid $4.25 million for the four bedroom waterfront in 2013. Every level of the three storey home overlooks Middle Harbour, from the opulent master suite to the infinity pool and spa.
The family are trading up into a four bedroom Clontarf residence that cost more than $5 million. 
A Middle Harbour home on the southern side of the Spit was the nation's top recorded sale.
The Parriwi Road auction was slow to start with a $6.2 million opening bid and was finally knocked down at $6.48 million.
Melbourne's highest sale was $5.1 million in Hawthorn through Jellis Craig (below).
<img src="/images/2016/12/05/Screen%20Shot%202016-12-05%20at%209.04.21%20AM.png" alt="">
It was a knockdown on one of Melbourne's most highly-coveted Scotch Hill streets, listed after being held by one family for 77 years.
The graceful double brick residence located on 1038sqm had no heritage overlay but rich timber panelling, soaring ornate ceilings and open fireplaces. 
The former <a href="https://www.realestate.com.au/sold/property-house-vic-richmond-124055102" target="_blank">Richmond fire station</a> (below) fetched well over reserve when its sold for $3.335 million at weekend auction, attracting a large Melbourne crowd.
<img src="/images/2016/12/05/Screen%20Shot%202016-12-05%20at%209.05.08%20AM.png" alt="">
It was on the market with the first bid of $2.5 million. 
There were three bidders with the Herald Sun reporting the buyer was a sculptor who planned to use the property as a studio for his works and potentially as a residence.
The property was sold by firefighter Peter Stafford, who operated a boarding house since it was purchased for $275,000 in 1992.
The fire station was built in 1893 as the MFB’s first Richmond base and decommissioned in 1966, when the base shifted to its current Church St location.
The four bedroom property came with the old watch room, billiards and locker room, fire engine bay and stables.
The combined capital city preliminary clearance rate rose this week to 75 per cent, up from last week’s final clearance rate of 73 per cent.
"This week’s auction market results indicate that clearance rates are maintaining strength coming into summer, a trend that is very different compared with last year’s performance when auctions clearance rates were tracking in the high 50 per cent to low 60 per cent range," Kevin Brogan at CoreLogic advised.
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.
The volumes were down in Melbourne and Sydney, to 1,410 and 1,158 respectively, but up across the smaller capital cities.
"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," Brogan noted.
Taking a late lead in the auction success rate, Melbourne’s preliminary clearance rate increased to 79.3 per cent, up from 76.1 per cent over the previous week.
Melbourne 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 per cent across 1,622 auctions.
Melbourne's North East region was the best performer in terms of clearance rates, with an 88 per cent success rate across 166 auctions, followed by the North West region, with 83 per cent selling.
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 was slightly up from 77.1 per cent last week, and also higher than the corresponding period last year, when a clearance rate of 52.9 per cent was recorded across 1,070 auctions.
The Northern Beaches region recorded the strongest clearance rate of 88.9 per cent across 112 auctions, while the North Sydney and Hornsby region had the highest volume of auctions (168).
Brisbane was host to 202 auctions this week and so far 123 results have been reported with a preliminary clearance rate of 50 per cent. 
Brisbane had the nation's cheapest sale when $220,000 was paid in Caboolture (below).
<img src="/images/2016/12/05/Screen%20Shot%202016-12-05%20at%209.07.02%20AM.png" alt=""> 
The three bedroom house at <a href="https://www.realestate.com.au/property/21-the-esplanade-caboolture-qld-4510" target="_blank">21 The Esplanade</a> sold at $290,000 in 2011.
It was initially listed in October last year at $320,000, then $280,000 by earlier this year.
This week, Adelaide saw a preliminary clearance rate of 64 percent, with 104 reported results across a total of 165 scheduled auctions. Perth’s clearance rate of 67.3 percent across 88 auctions was well up from recent lows.
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 when it was 72 percent.
Canberra offerings started at $437,000 at Chisholm.
Next weekend presents a "stringent test" for the market with about 900 Sydney auctions to be conducted, according to Domain economist Dr Andrew Wilson.
Melbourne auction numbers will rise this coming weekend with well over 1,300 listed.
 
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jchancellor-FAypfDUnLy

Red hot Richmond puts Melbourne as strong auction market

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The first weekend of the summer home auction market begins this Saturday with a big weekend expected for both Sydney and Melbourne.
In Melbourne, around 1200 homes are set for Saturday auction, down from last weekend's super Saturday season-high of 1366.
More than 850 homes will go to auction in Sydney compared to last weekend’s year-high of 961.
Domain group chief economist Dr Andrew Wilson said the Melbourne auction market is however set to remain highly active over December with well over 3000 homes likely to go under the hammer before Christmas. 
"Melbourne’s western suburbs are again tops for auction activity this Saturday with 205 homes listed to go under the hammer," he said.
"Next highest is the inner south with 182 auctions followed by the inner city 159, the outer east 149, the north east 148, the inner east 126, the north 93 and the south east with 78 auctions listed.
"The most popular suburb for auctions at the weekend will again be Reservoir with 18 closely followed by Mt Waverley 17, St Kilda and Craigieburn each with 16, Richmond 15 and a number of suburbs with 14 auctions listed including Glen Waverley, East Bentleigh and Elwood.
"The heady Melbourne home auction market produced an another unequivocally good result for sellers last weekend despite the spring Super Saturday surge in listings  
"Melbourne reported a clearance rate of 77.5 percent last Saturday which was just below the 78.7 percent recorded the previous weekend but again well ahead of the 66.2 per cent recorded over the same weekend last year."
"Sydney’s south has the highest number of auctions this weekend with 118 followed by the inner west 113, the upper north shore 109, the city and east 94, the lower north 90, the west and the northern beaches each 81, the south-west 57, Canterbury Bankstown 47, the north-west 36, the central coast 26 and the Blue Mountains with one auction scheduled at the weekend.
"Blacktown is the most popular auction suburb in Sydney this weekend with 16 followed by Manly 12, Mosman 11, Hurstville nine, and a number of suburbs with eight auctions listed including Wahroonga, Ashfield, Eastwood, Epping and Chatswood. 
"Sydney reported a clearance rate of 78.8 percent last Saturday, which was only just below the 79.5 percent recorded the previous weekend and well ahead of 58.6 per cent recorded over the same weekend last year."
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jonathanchancellor-7SQnKwU6yx

First weekend of summer auctions hot in Sydney, Melbourne

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Clearance rates remain steady across all major auction markets, according to CoreLogic’s weekly market report.
The property advisory firm says that CoreLogic collected results for 90 percent of the 3,403 capital city auctions which took place last week.
Last week was the second highest number of auctions held so far this year.
Despite the high volume, clearance rates held firm across the major auction markets, with Sydney recording a final clearance rate of 77.1 percent across 1,121 reported auction results.
The figures relate to November 27, not as the chart advised.
<a href="/images/2016/12/01/Capital%20city%20auction%20clearance%20rates.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/01/Capital%20city%20auction%20clearance%20rates.jpg" alt="">
The largest auction market, Melbourne, recorded a clearance rate at 76.1 percent across 1,497 reported auction results.
Interestingly, the Hobart market reported the highest clearance rate at 80 percent, however with such a small number of auctions (five reported results), the statistics can be more volatile.
Next week is likely to mark the peak in auction activity as the market moves into the festive period, when we can expect housing market activity to quieten.
<a href="/images/2016/12/01/Number%20of%20homes%20for%20sale.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/01/Number%20of%20homes%20for%20sale.jpg" alt="">
Listing numbers have accelerated over the last month of spring after the first two months saw listing numbers tracking lower than last year.
Over the 28 days to November 27, there were just under 50,000 newly advertised properties added to the market nationally, which is 2.7 percent higher than a year ago.
Across the capital city markets, 30,832 fresh property listings were added to the market which was 1 percent higher than a year ago.
With new listing numbers rising, total stock levels have also pushed higher, but remain 2.1 percent lower than a year ago nationally.
Across the capital cities, total advertised stock levels are now 2.4 percent higher than a year ago.
However the hottest housing markets (Sydney, Melbourne, Hobart and Canberra) are still showing stock levels to be lower than last year.
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j.ballantyne1990-6AQqhLzZaK

National clearance rates remain steady despite high volume: CoreLogic

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Reservoir with 22 auctions leads Melbourne's second biggest auction Saturday in 2016.
It is closely followed by St Kilda 21, East Malvern 19, Craigieburn 18, Glen Iris and Mount Waverley each with 17, according to Domain.
The Reservoir listings include <a href="https://www.realestate.com.au/property-house-vic-reservoir-123948898" target="_blank">a $650,000 to $700,000 listing </a>(above) on Powell Street which last sold in 1985 for $57,500.
The Melbourne home auction market will host its biggest spring Saturday with nearly 1350 homes set to go under the hammer this Saturday.
It is well below last year’s record Saturday offering of 1622 over the same weekend but significantly higher than the 1061 auctioned last weekend. 
Melbourne’s western suburbs will lead the regions for auction activity this Saturday with 213 homes listed to go under the hammer.
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Reservoir leads the Super Saturday spring auction listing spree

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Some 1,143 auctions are scheduled in Sydney for the weekend of 26 November according to CoreLogic with auction volumes set to be lower than a year ago.
Across the smaller cities, auction activity is set to fall in each city except for Adelaide where auction activity is set to remain steady.
Capital city auctions this week:
<ul>
<li>Sydney: 1,143</li>
<li>Melbourne: 1,508</li>
<li>Brisbane: 182</li>
<li>Adelaide: 135</li>
<li>Perth: 59</li>
<li>Canberra: 96</li>
</ul>
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Over 1,100 auctions scheduled for Sydney: CoreLogic

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Listings in Melbourne are similar to last week but with a late spring market surge expected before the end of the year according to Domain Group’s chief economist Andrew Wilson.
He said in Sydney, Blacktown is the most popular suburb for listings this weekend, with similar auction levels expected this week compared to last.
"The Melbourne market is set to host its biggest spring weekend for auctions next week and the second biggest day of the year when nearly 1400 homes are likely to go under the hammer," he said.
"The inner south will again provide the most auctions this weekend in Melbourne with 183, closely followed also again by the west with 169, the outer east 144, the north-east 131, the inner city 128, the inner-east 116, the north 98 and the south-east 59.
<div>
<div class="infogram-embed" data-id="_/u5MBgODFMacs7muxoCS8" data-title="Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Copy: Melbourne scheduled auctions queen's birthday" data-type="interactive">"Glen Waverley is Melbourne’s most popular auction suburb this weekend with 22, followed by Reservoir with 17, Craigieburn and Hawthorn each with 14, East Malvern and Coburg each with 13 and Brighton with 12 auctions scheduled on Saturday.</div>
</div>
"Nearly 1100 homes are again scheduled to go under the hammer this Saturday, which will be comparable to the 1106 auctioned last weekend but again well below the 1235 auctioned over the same weekend last year. 
"In Sydney, more than 750 homes will go under the hammer, similar to the 760 auctioned last weekend. Although auction activity is typically rising through the late-spring market, numbers remain below last year’s offerings but the gap is narrowing. Last year in the same weekend, 863 auctions were listed and next weekend Sydney is set for its biggest spring day of the year with more than 900 auctions scheduled.
"The city and east will host the highest number of auctions of all the Sydney suburban regions this weekend with 105, followed by the inner west with 101, the south 99, the upper north 93, the lower north 71, the west 59, the northern beaches 55, the south-west 54, the north-west 43, Canterbury-Bankstown 31, the central coast 28 and the Blue Mountains with one auction scheduled for Saturday.
"Blacktown is the most popular auction suburb in Sydney this weekend with 10 followed by Mosman, Lane Cove and Carlingford each with nine and several suburbs with eight auctions listed including Epping, Castle Hill, Maroubra, Beecroft and Paddington."
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Same same for Melbourne, Sydney weekend auction markets

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Last week’s combined capital city auction clearance rate was recorded at 75.8%, up from 73.6% the previous week, according to CoreLogic’s latest weekly report.
Last week, Melbourne’s auction clearance rate rose from 76.1% to 76.8% while auction volumes increased from 927 to 1,329.
Sydney’s auction clearance rate also rose last week from 78.8% to 81.4%.
<a href="/images/2016/11/17/Capital%20city%20auction%20clearance%20rates.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/Capital%20city%20auction%20clearance%20rates.jpg" alt="">
The number of auctions was virtually unchanged with 1,089 last week compared to 1,087 the previous week.
The auction markets is the two largest cities have maintained strength throughout pring this year. So far during spring, Melbourne’s clearance rate has averaged 78.8% and Sydney’s 80.9%.
In 2015, the average spring clearance rates were 70.7% and 65.1% respectively. The current market is also stronger than in 2014 when the spring average clearance rates were 70.3% in Melbourne and 74.4% in Sydney.
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Auction clearance rate increases to 75%: CoreLogic

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There are slightly fewer auctions scheduled to take place across the combined capital cities this week, with 2,721 currently being tracked according to CoreLogic’s latest weekly report.
The property advisory firm says that in both Sydney and Melbourne, the two major auction markets, auction activity is down week on week, with 1,201 Melbourne auctions scheduled and 959 homes set to be taken to auction across Sydney.
Auction activity is set to be substantially lower than it was over the same week last year.
Outside of Sydney and Melbourne, each of the remaining capital cities is set to see a higher number of auctions this week compared to last week.
<a href="/images/2016/11/17/Weekly%20clearance%20rate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/Weekly%20clearance%20rate.jpg" alt="">
Capital city auctions this week:
• Sydney: 959
• Melbourne: 1201
• Brisbane: 237
• Adelaide: 133
• Perth: 68
• Canberra: 113
Mount Waverley in Melbourne is the busiest individual suburb for auctions across the nation this week, with 23 residential homes set to go under the hammer.
Reservoir (18) and each of Coburg, Craigieburn, Hawthorn and Malvern East have 15 auctions scheduled this week.
<a href="/images/2016/11/17/Capital%20city%20auction.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/Capital%20city%20auction.jpg" alt="">
The combined capital city auction clearance increased last week to 75.8% from 73.6% the previous week.
The clearance rate rose on a higher number of auctions, with 2,897 auctions last week compared to 2,517 auctions the previous week.
Melbourne’s auction clearance rate increased slightly last week to 76.8% from 76.1% the previous week.
In Sydney, clearance rates also increased to 81.4% last week from 78.8% the previous week.
Each week lately fewer sub-regions in Sydney and Melbourne have been recording fewer overall clearance rates above 90%.
Across the smaller auction markets, auction clearance rates increased in each city relative to the previous week.
The Hunter region was the busiest non-capital city region last week, with 59 auctions, however Geelong recorded the strongest clearance rate at 71.9%.
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Auction activity set to cool in Sydney and Melbourne: CoreLogic

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Nearly 1100 homes are slated for auction across Melbourne this weekend, well below the 1339 auctioned over the same weekend last year.
Around 950 auctions are slated for this weekend in Sydney according to CoreLogic, with Mosman the busiest suburb for auctions.
Domain chief economist Andrew Wilson said auction numbers are still rising in Melbourne’s late spring market providing more choice for buyers who continue to secure property at the highest rate in years for this time of the year.
"The inner south will provide the most auctions this weekend in Melbourne with 175 closely followed by the west with 172, the north east 158, the inner east 133, the inner city 124, the outer east 107, the north 104 and the south east 82," he said.
"Reservoir is once again Melbourne’s most popular auction suburb this weekend with 22 followed by Glen Iris and East Bentleigh with 17 each, Brighton 15, Elwood 14 and a number of suburbs with 13 auctions scheduled including Cheltenham, South Yarra and Kew.
"Despite a surge in listings, Melbourne recorded another healthy result for sellers with a clearance rate of 79 percent. This was higher than the previous weekends 78.3 percent and well ahead of the 69.7 percent reported over the same weekend last year.
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Auction numbers still rising in Melbourne

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The REIV is expecting about 1,210 auctions across 338 Melbourne suburbs this weekend.
The top auction locations are set to Reservoir (23 auctions), followed by Glen Iris and Bentleigh East with 17 auctions in each.
Last weekend: 831 auctions (exc. 22 postponed and 18 withdrawn)
This weekend: 1,210 auctions
This weekend last year: 69 percent from 1,453 auctions
Kings Park in Melbourne’s west has the best auction growth in Melbourne this year.
The suburb has tripled its auction levels in 2016, in comparison to 2015, and has the highest clearance rate in the City of Brimbank with 92 percent.
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