The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower rising to 67.9 metres AHD. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

The application is being assessed under Clause 53.23, a planning pathway reserved for large-scale housing projects with an affordable housing contribution. Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The site sits opposite Fawkner Park and within walking distance of Albert Park, the Royal Botanic Gardens, the Shrine of Remembrance and the future Anzac Station. The surrounding corridor has increasingly shifted toward high-density residential development, with a mix of luxury apartment projects and office redevelopments reshaping the southern end of St Kilda Road.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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>

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Auctions

<html><body>
<div class="tg-tlc-storybody_intro">
Sydney's top weekend auction result was another stellar sale.
This time it was <a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-123110774" target="_blank">a striking Alex Popov-designed riverfront house at Hunters Hill</a> that fetched $5.15 million, some $750,000 above reserve.
The selling agents had offered $4 million pre-auction price guidance.
There was 14 percent annual price growth with the four bedroom contemporary home having traded in 2014 for $3.85 million.
There'd been subsequent renovations including a new kitchen featuring plenty of stainless steel, marble-look stone benchtops, a Bora induction cooktop and two walk-in pantries, one with twin Miele wall ovens and a wine fridge.
With expansive Lane Cove River views, the Bonnefin Road residence was built in 2000 for then Vogue chief financial officer Aye-Ling Koh on its 1,114 square metre holding.
It first sold for $3.55 million in 2007.
There is floor-to-ceiling glass and wrap-around decking with the home designed based around a central pavilion with a wing on each side.
The architect has been considered a draw card among some Sydney buyers.
The sale continues the recent spree of over the top auction sale prices.
The expatriate celebrity chef Bill Granger secured a bullish $6.4 million sale at Tamarama, reflecting 20 percent annualised price growth, in early August (below).
<img src="/images/2016/08/15/Screen%20Shot%202016-08-15%20at%209.27.40%20AM.png" alt="">
Last month property developer Jason Li sold a residential warehouse conversion offering at 252 Mitchell Road in Alexandria for $3.01 million which was two years ago for $1.45 million (below).
 <img src="/images/2016/08/15/Screen%20Shot%202016-08-15%20at%209.30.19%20AM.png" alt="">
The sale price soared $1.01 million over its $2 million reserve.
The limited supply of new stock for sale is one of the most important factors in how the winter property market has performed, agents say.
The strength in the Sydney market has seen week-on-week results over 70 percent ever since the last week in April.
There are currently around 19,000 properties for sale across Sydney, according to CoreLogic, which is up 4 percent on the same time last winter. But much of the stock has been on the market for many months, with just the 5900 new listings - some 25 percent down on fresh listings at the same time last year.
Across all the capital cities, new listings are 12.5 percent lower relative to last year, while total listings 3.5 percent higher. 
CoreLogic spokesperson Kevin Brogan said the recent strong trend in Sydney and Melbourne auction results had been achieved on falling auction volumes, suggesting the buyer demand is outweighing the supply of homes being taken to auction.
Auction activity fell to 1,444 homes this week across the capital cities, compared to 1,540 last week.
Last year the number was 2,118.
The national clearance rate continued its upwards trend, with 77.8 per cent of reported auctions across the capitals were successful.
Sydney’s clearance rate again sat above the 80% mark, with 81.6 percent sold in the preliminary tally.  For the past five weeks, auction volumes have been rising slowly across Sydney, up to 610 this week, contrasted with the 544 and 509 previously. But one year ago, 915 Sydney auctions were held.
There was mixed performance across Sydney’s sub-regions this week ranging from 89 percent on the Northern Beaches and 64 percent across the South West.
Melbourne was at 79.9 percent, a rise from 74 percent last week and higher than 76 percent last year.
There were fewer auctions across Melbourne - down from 724 to 604, and down on one year ago when 908 homes were offered.
A stately Victorian-era Kew trophy home was the nation's top seller when it sold post auction for $6.5 million.
Rohese at 15 Barry St had been passed in at $6.45 million through Jellis Craig with just two bidders participating (below). 
<img src="/images/2016/08/15/700_barry.jpg" alt="">
It was the home where a Wimbledon champion played his early tennis on the court once attached to the 1880s house owned by Thomas Patterson and his wife, Isabella (nee Mitchell). Their son, Gerald won three grand slam singles titles, from 1919 to 1927.
The residence on its 1330 sqm holding last traded for $2.91 million in 2009.
Melbourne's outer East had the strongest success rate at 90.9 per cent across 38 auction results.
Some 49 percent of reported Brisbane auctions were successful, down from 54 percent last week, but its 88 auctions well down on the 130 a year ago.
Adelaide’s preliminary clearance rate was 72 percent this week, rising from 63 percent last week and higher than one year ago at 68 percent.
Adelaide's 56 homes taken to auction was down on the 83 at the same time last year. 
It had the cheapest sale across Australia when a two bedroom unit at 5/12 Braeside Avenue, Holden Hill fetched $180,000 prior to its scheduled auction (below).
</div>
<img src="/images/2016/08/15/Screen%20Shot%202016-08-15%20at%209.34.07%20AM.png" alt="">
</body></html>

jchancellor-FAypfDUnLy

Sydney's priciest weekend auction result was a Popov

<html><body>
Sydney recorded a preliminary auction clearance rate of 80.4 percent for the week ending August 7 according to CoreLogic, marking the 15th consecutive clearance rate above 70 percent for the city.
According to CoreLogic the Eastern Suburbs (94.6 percent), City and Inner South (94.3 percent) and Northern Beaches (91.7 percent) were the strongest performing sub-regions by clearance rate.
<a href="/images/2016/08/08/Screen%20Shot%202016-08-08%20at%2011.30.10%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/08/Screen%20Shot%202016-08-08%20at%2011.30.10%20AM.png" alt="">
</body></html>

jonathanchancellor-7SQnKwU6yx

Eastern suburbs in Sydney leads weekend auction results: CoreLogic

<html><body>
The expatriate celebrity chef Bill Granger scored the highest sale price at weekend auctions with the bullish $6.4 million sale of his three storey oceanfront home at Tamarama, in Sydney's coastal eastern suburbs.
It was sold through Goodyer Real Estate having last traded at $4.805 million in early 2015, reflecting <a href="https://www.goodyer.com.au/1P3199" target="_blank">20 percent annualised price growth</a>. 
The London-based Granger, who has Bills cafes now in Japan, Hawaii, Seoul and London, was holidaying in Cairns, so did not attend the damp Saturday auction which sold to a young couple of Asian background.
The increasing strength of both the Sydney and Melbourne auctions markets meant consecutive strongest year-to-date national success rates at weekend auctions.
With even lower interest rates assisting robust auction markets, the capital city preliminary clearance rate rose from 72 percent to around 75 percent in preliminary CoreLogic results from 1600 auction offerings.
Compared to the same week one year ago, auction activity is almost 1,000 listings down, CoreLogic spokesperson Kevin Brogan said, adding not all markets were seeing better success rates.
"Melbourne, Sydney and Brisbane saw a rise in auction clearance rates, while across the remaining cities; week-on-week results show a fall in clearance rate," he said.
Melbourne's weekly clearance rate was up to 76 percent from 75 percent, but lower than last year’s 78 percent.
Melbourne's 722 residential property offerings were lower compared with last year's 1,085.
All Melbourne regions recorded a clearance rate above 70 percent, with the exclusion of inner east, at 69 percent. 
Sydney secured its second weekend with 80 percent of reported results sold at auction, the 15th consecutive clearance rate above 70 percent for the city.
The 526 offerings compared to last week's 509 volume, but significantly lower than one year ago, when 1,103 Sydney homes went to auction.
The Eastern Suburbs (94.6 percent), City and Inner South (94.3 percent) and Northern Beaches (91.7 percent) were the strongest performing sub-regions by clearance rate.
At around 74 percent, Canberra was the strongest capital city outside the two auction engine rooms followed Adelaide's 67 percent, then Brisbane’s preliminary results showing a clearance rate of 59 percent, which is the cities strongest clearance rate for the year to date.
Although set to rise gradually over coming weekends, auction volumes will likely remain well below last year’s boom-time record numbers, according to Domain economist Dr Andrew Wilson, who anticipates listings will be similar to the 2014 and 2013 pre-spring markets.
</body></html>

firstname1-iYD4UYzvBa

Bill Granger secures top sale in Tamarama

<html><body>
Canterbury had Melbourne's top sale - well above its $3.5 million reserve - when a three-bedroom home at Canterbury sold for $4.11 million with four bidders competing through Kay and Burton.
It was a Lewis Coote-designed home built for the vendors in 1988 on its 847 sqm block which cost $96,000 in 1980, reflecting 11 percent annual price appreciation.
Melbourne buyers agent Mal James advised the strong result at <a href="https://www.realestate.com.au/property-house-vic-canterbury-123096942" target="_blank">9 Victoria Avenue, Canterbury</a> (above) highlighted the re-emergence of the Asian market and "it’s clashing with the strong local market" which prior to the winter break had been left to provide the market leadership. He advised three of the four bidders were of Asian background.
"We are a multi-cultural city and therefore it’s impossible for us to determine the exact nature of everybody’s citizenship on the fly at an auction – so what we are saying is, we are seeing stronger and more bidding from buyers with an Asian background – more bidding than we did in the second half of last year and the first half of this year," Mal James suggested.
The most affordable auction property reported sold at the weekend across the country was a one-bedroom unit at <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-123074814" target="_blank">3/239 Canterbury Road, St Kilda</a> (below), that sold for $211,000 by Gary Peer and Associates who had been giving a revised $200,000 plus price guidance.
<img src="/images/2016/08/08/700_vic_unit.jpg" alt="">
It last sold at $80,000 in 1998, so reflected 5.6 percent annual price growth. The 1960s apartment was recently available at $350 a week asking rental, reflecting a 8.6 percent gross rental yield.
</body></html>

Clash between locals and Chinese buyers re-emerges in Melbourne's Canterbury: Mal James

<html><body>
Melbourne has a preliminary clearance rate of 75.6 percent for the week ending July 31 according to CoreLogic.  
The Inner Melbourne sub-region held 141 auctions. The best performing sub-regions include the Outer East (83.6 percent) and Inner South (80.0 percent).
<a href="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.18.54%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.18.54%20PM.png" alt="">
</body></html>

Melbourne's Outer East sub-region leads weekend auctions: CoreLogic

<html><body>
The preliminary auction clearance rate for Sydney for the week ending July 31 is 80.4 percent, the strongest clearance rate for the city so far this year
Sydney’s top suburbs were North Sydney and Hornsby (95.4 percent), Ryde (94.4 percent) and the Northern Beaches (92.9 percent).
<a href="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.14.18%20PM.png" target="_blank">Click to enlarge</a>
 <img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%202.14.18%20PM.png" alt="">
</body></html>

North Sydney, Northern Beaches lead Sydney clearance rates

<html><body>
Northcote's house price record was on the brink of being broken on the weekend as agents endeavoured to negotiate the sale of the suburb’s grandest residence, Lugano.
The post auction negotiations took buying interest up to $3.95 million, but it is yet to sell, though easily surpassing the highest price achieved by a house in Northcote, which CoreLogic records show was $3.15 million, fetched by an 1881 mansion last October.
The <a href="https://www.realestate.com.au/property-house-vic-northcote-123009994" target="_blank">four-bedroom 1912 home</a>, Lugano was offered by Don Taig, who restored it after purchasing it in 1990.
Mr Taig has lived in Northcote his entire life, and had admired the house since he was a child: “I always thought the king and queen lived there,” he told the Herald Sun.
</body></html>

Northcote's Lugano nears record sale

<html><body>
Sydney preliminary clearance rate for the week ending July 24 came to 75.3 per cent according to CoreLogic.
Seven Sydney sub-regions recorded a preliminary clearance rate above 70 percent with the highest preliminary auction clearance rate in the Inner West sub-region with 93.9 percent.
<a href="https://www.propertyobserver.com.au/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.36.01%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.36.01%20AM.png" alt="">
</body></html>

 Highest Sydney auction clearance rate in Inner West: CoreLogic

<html><body>
Melbourne’s clearance rate totalled 77.3 percent from with 669 auctions for the week ending July 18, according to CoreLogic. 
The busiest sub-region was the inner sub-region with 103 auctions and a clearance rate of 77.0 percent.
<a href="/images/2016/07/18/20160718-Melbourne.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/18/20160718-Melbourne.png" alt="">
</body></html>

Inner Melbourne stands out with 77 percent clearance rate 

<html><body>
With the end of the school holidays, Melbourne’s clearance rate sat at 77 percent, above 70 percent for the second consecutive time in five weeks, according to CoreLogic's preliminary result.
The busiest sub-region in Melbourne this week was the Inner sub-region with 103 auctions being held.
With a clearance rate of 76 percent from 450 offerings, Sydney sat above 75 percent for the third week in a row.
The Inner West recorded the highest preliminary rate of 91 percent across 35 reported auctions followed on by the City and Inner South sub-region at 88 percent.
The number of auctions held across the capitals has remained fairly steady this week, with 1,378 auctions held, compared to 1,399, but lower than the same time last year, when 1,827 auctions were held. 
It was the last weekend of the Sydney school holidays.
CoreLogic researched the influence of the mid-year June-July school holidays on the level of activity to conclude, based on the four years between 2012 to 2015, that Melbourne was more influenced than Sydney.
Melbourne auction volumes for the first weekend of the school holidays triggered on average a 12 percent decline on the previous week.
The clearance rate performance over the three weeks of school holidays, compared to the three weeks leading up to school holidays was typically not that different. 
"In Sydney, we don’t see the same trends that are seen in Melbourne, the school holidays don’t seem to have the same impact that they do in Melbourne and this isn’t too surprising as Melbourne is often influenced more when public holidays are held," the CoreLogic spokesperson advised.
The latest national clearance rate held above 70% across the combined capitals for the second week running, up from 70 percent to 71 percent.
It is the second time in 15 weeks where the combined capital city clearance rate surpassed 70 per cent, with the results being driven by Sydney and Melbourne, with all other capital city regions recording a preliminary clearance rate under 65 percent.
There were 117 Brisbane auctions with a clearance rate of 46 percent.
There were 61 auctions held in Adelaide with a 52 percent. CoreLogic has captured 16 auction results for Perth, with a preliminary clearance rate of 31 percent.
A total of 29 auctions were held in Canberra this week with a preliminary clearance rate of 64 percent.
The highest auction sale across the nation at auction was in Strathfield, for the second consecutive weekend.
It was a five bedroom at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-122923002" target="_blank">35 Rickard Road</a> (above) which fetched $3.76 million.
The newly built home was built after the 627 sqm block cost $1.55 million in 2014.
There had been $3.3 million to $3.5 million price guidance.
Melbourne's top sale was a development site at Chatswood for $2.6 million. The <a href="https://www.realestate.com.au/property-house-vic-chadstone-122927478" target="_blank">7 Churchill Avenue</a> offering (below) was 1800 sqm with permission for six townhouses.
 <img src="/images/2016/07/18/Screen%20Shot%202016-07-18%20at%208.37.20%20AM.png" alt="">
The dearest house sale across Melbourne was at Glen Waverley when a newly built five bedroom at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-122480470%20" target="_blank">30 Tobias Avenue</a> sold at $2,215,000 (below).
<img src="/images/2016/07/18/Screen%20Shot%202016-07-18%20at%208.39.24%20AM.png" alt="">
The weekend's cheapest auction sale was at Thomastown when <a href="https://www.realestate.com.au/property-unit-vic-thomastown-122941870" target="_blank">1/17 Caroline Street</a> fetched $235,000 (below).
<img src="/images/2016/07/18/Screen%20Shot%202016-07-18%20at%208.41.25%20AM.png" alt="">
The two bedroom, 60 sqm 1970s villa, 17kms north of Melbourne, had last sold at $100,000 in 2001. It was a $265 a week rental.
The biggest reported sale of the past week was at Surfers Paradise. It was the home of the entrepreneurial, former Rolls-Royce car dealer David Baird and his wife, Marion through Ray White agents Sam Guo and Julia Kuo.
The trophy home, Summer House, credited as the Gold Coast's biggest residence, fetched a reported $11 million, according to the Gold Coast Bulletin.
It was a six bedroom, six bathroom <a href="https://www.raywhite.com/qld/surfers-paradise/1468826/?lang=en" target="_blank">mansion on 2318 sqm on Cronin Island </a>with three kitchens, a gymnasium, numerous spas and saunas, a 25 metre, four-lane lap pool and a 10 car basement garage.
Designed by Main Beach architects Mobb Thompson and Payne, the home was built 26 years ago for the president of Daikyo Shoji Yokoyama - the Japanese company behind the QT.
<img src="/images/2016/07/18/Screen%20Shot%202016-07-18%20at%208.42.41%20AM.png" alt="">
The video game designer Masafumi Miyamoto paid $6,553,136 in 1997 - a Gold Coast record which stood for eight years.
He sold it to the Bairds for $8 million in 2004 despite having $13 million hopes.
It was rented by Hollywood stars Sarah Michelle Gellar and Freddie Prinze Jr when they were making Scooby-Doo. 
The Gold Coast Bulletin reported it was bought by Celine Guan, wife of Junxiong Yang, owner of the Links Golf Course at Hope Island Resort.
It was the third highest sale on the Coast this year behind 159 Hedges Avenue which sold for $13.25 million and the $11 million sale of 107 Albatross Avenue. 
</body></html>

Auctions

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auctions

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News