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. 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.

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 transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

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="reported-auctions">
<div class="num">Western Australia has a clearance rate of 46 percent from 30 total scheduled auctions for the week ending July 3, according to realestate.com.au.</div>
</div>
Realestate.com.au reported 1 property sold prior to auction, 5 were passed in, 4 sold at auction and 2 were withdrawn.
For more information, <a href="https://www.realestate.com.au" target="_blank">click here</a>.
</body></html>

jonathanchancellor-7SQnKwU6yx

Western Australia nets clearance rate of 46 percent: Realestate.com.au

<html><body>
<div class="reported-auctions">
<div class="num">Queensland has a clearance rate of 39 percent from 66 total scheduled auctions for the week ending July 3, according to realestate.com.au.</div>
</div>
Realestate.com.au reported 4 properties sold prior to auction, 27 were passed in, 12 sold at auction and one sold after auction.
For more information, <a href="https://www.realestate.com.au" target="_blank">click here</a>.
</body></html>

Queensland nets clearance rate of 39 percent: Realestate.com.au

<html><body>
<div class="reported-auctions">
<div class="num">New South wales had a clearance rate of 80 percent from 341 total scheduled auctions for the week ending July 3, according to realestate.com.au</div>
</div>
Realestate.com.au reported 80 properties sold prior to auction, 42 were passed in, 133 sold at auction and 10 were withdrawn.
For  ore information, <a href="https://www.realestate.com.au" target="_blank">click here</a>.
</body></html>

New South Wales holds clearance rate of 80 percent: Realestate.com.au

<html><body>
<div class="reported-auctions">
<div class="num">Victoria had a clearance rate of 72 percent from 268 total scheduled auctions for the week ending July 3, according to realestate.com.au</div>
</div>
Realestate.com.au reported 28 properties sold prior to auction, 55 were passed in, 120 sold at auction, 4 were withdrawn and one sold after auction.
For more information <a href="https://www.realestate.com.au" target="_blank">click here</a>.
</body></html>

jchancellor-FAypfDUnLy

Victoria takes clearance rate of 72 percent: Realestate.com.au

<html><body>
The Wollongong region south of Sydney has a preliminary clearance rate of 100 percent for the week ending June 26 according to CoreLogic.
The preliminary clearance rate for the Hunter region in NSW is 48.4 percent. 
Queensland's Gold Coast came in at 62.5 percent and the Sunshine Coast at 33.3 percent
<a href="/images/2016/06/27/Screen%20Shot%202016-06-27%20at%202.13.03%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/27/Screen%20Shot%202016-06-27%20at%202.13.03%20PM.png" alt="">
</body></html>

Sydney's Wollongong region takes 100 percent clearance rate: CoreLogic

<html><body>
Melbourne held 1,025 auctions for the week ending June 26 with a preliminary clearance rate of 68.4 percent according to CoreLogic, up from 68.3 percent last week.
Melbourne’s Inner sub-region held the most number of auctions with 202 auctions and a preliminary clearance rate of 65.6 percent.
<a href="/images/2016/06/27/Screen%20Shot%202016-06-27%20at%201.56.30%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/27/Screen%20Shot%202016-06-27%20at%201.56.30%20PM.png" alt="">
</body></html>

Inner Melbourne leads auction volumes: CoreLogic  

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Total auctions for the combined capital cities are steady with 2,110 scheduled with a fall in Melbourne auctions for this weekend and a climb in Sydney auctions when compared to last week, according to CoreLogic.
CoreLogic's weekend auction preview found auctions in Sydney, Brisbane and Adelaide increased this week to last and auction levels in Canberra, Melbourne and Perth is lower.
Melbourne will be host to 982 auctions and Sydney, 778 residential homes will be auctioned.
Capital city auctions this week:
<ul>
<li>Sydney: 778</li>
<li>Melbourne: 982</li>
<li>Brisbane: 161</li>
<li>Adelaide: 86</li>
<li>Perth: 39'</li>
<li>Canberra: 55</li>
</ul>
 
Domain's Dr Andrew Wilson said sellers have surged into the market over the past fortnight to avoid a clash with the federal election to be held next weekend.
"This weekend presents another strong challenge for the Melbourne auction market with unseasonably high listing numbers," he said.
"Auction activity will decline sharply over coming weekends as the typical seasonal hibernation subdues the market.
"Low and falling interest rates and increased interest from investors will however continue to fuel strong buyer demand for homes in Melbourne’s north and west – despite the winter chill."
He said the Sydney home auction market bounced back strongly last Saturday following the previous weekend’s holiday pause with no sign yet of the usual winter slow-down in the market.
"Although Sydney recorded an overall strong result last weekend, the suburban region results continued this year’s pattern of inner-suburban, higher -priced regions producing clearly the highest clearance rates," he said.
"Sydney’s outer west and south west regions, although still trailing the inner suburbs, have however consolidated recent improvements and continue to report clearance rates well above the lows recorded earlier in the year. 
"The Sydney weekend auction market continues its recent surge with clearance rates now consistently above the results recorded earlier in the year. Clearance rates have exceeded or been close to 80 percent over four of the last six weekends that has included the typically quieter holiday break last week."
 
</div>
</div>
<div class="layoutArea">
<div class="column">
 
</div>
</div>
</div>
</div></body></html>

Race to list leading into federal election

<html><body>
The New South Wales Real estate auction results for Saturday 18 June 2016 have been prepared for realestate.com.au by CoreLogic, Australia's no.1 property information service.
There was a preliminary <a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">75 percent success rate</a>.
 
</body></html>

po-LsXgBTHBmX

All the June 18 NSW weekend auction results: CoreLogic

<html><body>
Toorak's $24 million plus record setting, snappy sale by the wealthy Smorgon family to Chinese buyers might have captured the headlines last week, but just 50 kms away sits the nation's cheapest property opportunity.
Melton South secured the lowest auction result when $235,000 was paid for a three bedroom house.
The sale price of <a href="https://www.realestate.com.au/property-house-vic-melton+south-122601670" target="_blank">63 Station Road</a> (above)  through Raine &amp; Horne was at less than a third of the weekend Melbourne house median.
<div class="x_domain-article-share-panel x_is-sticky">
<div class="x_domain-article-share-link x_domain-article-share-tw">Even Sydney investors have the affordable Melbourne locality on their purchasing radar, the Domain real estate suggested at the weekend.  </div>
<div class="x_domain-article-share-link x_domain-article-share-tw"> </div>
<div class="x_domain-article-share-link x_domain-article-share-tw">But the vacated property was picked up by a local home buyer, Raine &amp; Horne Melton agent Kieran Carson advised.</div>
<div class="x_domain-article-share-link x_domain-article-share-tw"> </div>
<div class="x_domain-article-share-link x_domain-article-share-tw">He said his four bidders were split between two home buyers and two investors seeking the three bedroom brick house with central bathroom that last sold at $72,000 in 1999.
</div>
<div class="x_domain-article-share-link x_domain-article-share-tw"> </div>
<div class="x_domain-article-share-link x_domain-article-share-tw">A recent study has shown around 80 percent of the Victoria’s investors do their investing locally.</div>
<div class="x_domain-article-share-link x_domain-article-share-tw">
The study showed Queensland was the next favoured investment location, but a long way behind as just 12 percent of Victorian investors own property in the sunshine state.
Victorian investors steer clear of pricey NSW accounting for just 3.3 percent, according to the Terri Scheer Insurance survey.
But there's no stopping the Sydney supremacy when it comes to auction sales success during 2016.
</div>
</div>
Auction volumes bounced higher across the country from the long weekend dip, but Sydney was the only capital city to record a clearance rate above 70 percent.
With prices ranging between $400,000 and $3.42 million, Sydney vendors secured the sale of 74 percent of stock. There was a $1.3 million median house price and an $857,000 apartment median.
The nearest rival was Melbourne's 68 percent success rate with its houses recording an $875,000 median and units at a $545,000 median.
The national clearance rate was 67 per cent from the 2,139 capital city auctions, up from the 65 percent with the 1,100 listings in the prior week.
This time last year the volume was 2,268 and the clearance rate was 77 per cent.
CoreLogic's Kevin Brogan noted the trend in auction clearance rates had "nudged lower" over the last few weeks.
Some 964 Melbourne auctions have been reported, showing a preliminary clearance rate of 68 per cent, an improvement from last week when 64 per cent of the 341 auctions sold.
"Although Melbourne’s clearance rate remains under 70 per cent for the second week in a row, the increase this week signifies Melbourne’s auction market is close to reverting back to the levels seen prior to the slow down over the Queen’s birthday weekend," Kevin Brogan said.
At the same time last year, Melbourne’s clearance rate was 79 percent.
The Inner sub-region was the busiest for auctions across Melbourne with 202 homes going under the hammer.
Sydney’s preliminary auction clearance rate was 74 per cent this week, virtually matching 74 per cent last week.
"This week’s result is significantly lower than one year ago at 82 per cent, however the city continues to maintain a much higher clearance rate than what was seen towards the end of 2015.
Of Sydney's sub-regions, the best performers were the Ryde sub-region at 88 per cent and North Sydney and Hornsby at 85 per cent.
But the priciest sale was $3.42 million on the upper North Shore at Pymble followed by a Chiswick riverfront at $3.25 million.
Lantern Hill, a five bedroom 1940s home with pool and tennis court on 2675 sqm at <a href="https://www.realestate.com.au/property-house-nsw-pymble-122628282" target="_blank">8 Macquarie Road, Pymble</a> (below) was sold pre-auction through McGrath at $3.42 million.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.27.34%20PM.png" alt="">
It last sold at $2.58 million in 2013.
It was marketed as French Riviera style.
The $3.25 million Chiswick knockdown house was three bedroom original home on a 644 sqm holding at 8 Fortescue Street.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.39.19%20PM.png" alt="">
It was the street's eighth sale above $3 million in the past six years, including a $4.9 million sale just two week's ago of a contemporary home.
Domain senior economist Dr Andrew Wilson noted the busiest Sydney suburb with 11 auctions was Strathfield, including the recently built <a href="https://www.realestate.com.au/property-house-nsw-strathfield-122699174" target="_blank">27 Myrna Road</a>, (below) with 325 sqm internal space, which was passed in at $3.4 million.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.40.21%20PM.png" alt="">
Toorak secured the country's highest auction price when <a href="https://www.realestate.com.au/property-house-vic-toorak-122758286" target="_blank">16 Chastleton Ave</a> sold at $5.02 million.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.41.32%20PM.png" alt="">
It last sold at $1.05 million in 1998.
Kay &amp; Burton secured the likely 1950s knockdown price for the three bedroom house on 688 sqm.
The $24 million mid-week sale of the Smorgon's property secured the newly built seven-bedroom home on 1770 sqm at 4 Robertson Street was for the buyer, Shirley Ching Hua Hsieh.
The undisclosed Toorak price failed to better the Victorian record of $26 million at Portsea. 
With record June Saturday auction volumes for Melbourne, Glen Waverley had the most auctions in Melbourne with 21 scheduled including the modern home at <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-122642014" target="_blank">6 Darri Court</a>, (below) which was passed in at $2.525 million.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.26.07%20PM.png" alt="">
The 785 sqm block had cost $1 million in 2014.
Brisbane's clearance rate dipped to 44 per cent, down from 46.3 per cent last week.
<div class="x_domain-article-content-body">
Sales included a Norman Park <a href="https://www.realestate.com.au/property-house-qld-norman+park-122730438" target="_blank">1930s workers’ cottage</a> in Brisbane’s east (below), marketed as listed for the first time, and fetching $669,000.
<img src="/images/2016/06/17/Screen%20Shot%202016-06-19%20at%207.24.42%20PM.png" alt="">
The deceased estate at 39 Frank St, Norman Park attracted nine registered bidders.  
</div>
Adelaide sat at 67 percent cleared, down from 75 percent last week.
Perth's clearance rate was 34 percent, compared to 28.6 percent last week.
</body></html>

Home buyer beats interstate investor invasion in Melbourne's most affordable Melton 

<html><body>
Adelaide's weekend prices ranged from $495,000 for a townhouse at North Adelaide to $1.6 million at Gulfview Heights.
The two bedroom <a href="https://www.realestate.com.au/property-townhouse-sa-north+adelaide-122689442" target="_blank">1960s townhouse on Barnard Street</a> (above) had traded at $365,000 in 2007.
The 41 Bellevue Circuit two storey home (below) sold pre-auction.
<img src="/images/2016/06/14/700_bellevue.jpg" alt="">
The <a href="https://www.realestate.com.au/property-house-sa-gulfview+heights-122607502" target="_blank">four bedroom home</a> with 78 sqm space sits on a 1056 sqm block.
"The home could be an eight bedroom home if necessary, however the current layout works as a comfortable 4 bedroom," selling agent Colin Martin said, adding there was also space to park eight cars.  
</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