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 

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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.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Auctions

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GUEST OBSERVER
This week 1,667 capital city auctions were held, less than last week (1,831)  and also less than one year ago (2,603).
Auction volumes were substantially higher last year as there were only two weeks between the Easter long weekend and the ANZAC day weekend. Preliminary results show that 68.6 per cent of auctions were successful this week, marking the third consecutive week of auction clearance rates below the 70 per cent mark. This week’s result is higher than last week (67.1 percent), but much lower than one year ago when 78.9 percent of the capital city auctions held were successful.
<a href="/images/2016/04/19/20160418-capital-city.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/19/20160418-capital-city.jpg" alt="">
Across Australia’s largest auction market of Melbourne 882 residential homes were taken under the hammer this week, with a preliminary clearance rate of 71.7 per cent, falling from 73.2 per cent last week (the strongest result since February) and lower than one year ago (79.5 per cent). While the clearance rate fell, auction volumes rose from 803 last week. The most auction activity for the city was held in the Inner region where 170 homes went to auction and 73.5 per cent of reported auctions were successful.
<a href="/images/2016/04/19/20160418-melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/19/20160418-melbourne.jpg" alt="">
Sydney has recorded a preliminary clearance rate of 69.7 percent this week across 457 auctions, compared to a low of 67.1 percent last week and a substantial difference from 87.0 percent one year ago, which happened to be the 11th consecutive week for the city of clearance rates over 80 percent, and the city’s clearance rate remained above 80 percent until mid-July. This week’s top performing Sydney sub-region was the Eastern Suburbs with a clearance rate of 87.0 percent, followed by Sutherland (84.2 percent) and North Sydney and Hornsby (80.4 percent).
<a href="/images/2016/04/19/20160418-sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/19/20160418-sydney.jpg" alt="">
The preliminary clearance rate across Brisbane was 53.5 per cent this week, up from 47.7 per cent and also higher than the 46.4 per cent last year. This week 145 Brisbane auctions were held, compared to 160 last week and 140 one year ago. With the two upcoming public holidays, it is expected that Brisbane’s auction market will be relatively quiet over the next two weeks. This week 47 Gold Coast auctions have been reported with 21 sales.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/04/20160418-brisbane.jpg" rel="attachment wp-att-6654"><img class="aligncenter size-full wp-image-6654" src="https://blog.corelogic.com.au/wp-content/uploads/2016/04/20160418-brisbane.jpg" alt="20160418 brisbane" width="971" height="653"></a>
Adelaide saw 99 auctions take place this week and based on the 75 results so far, the preliminary clearance rate was 66.7 per cent. Last week Adelaide’s clearance rate was 63.6 per cent, while one year ago it was higher, at 69.7 per cent.
The number of Perth auctions held this week was 30, down from 36 both last week and one year ago. Preliminary results show 28.6 per cent of Perth auctions cleared this week.
Preliminary results for Canberra show the clearance rate for this week sitting at 71.9 per cent, up from 61.9 per cent last week when 68 homes were taken to auction.
There were 9 Tasmanian auctions this week with 5 reported results and 4 sold.
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smiller-vwPjRHTkST

Capital city clearance rate below 70 percent for three weeks running: CoreLogic RP Data's Shana Miller

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An historic coach house built in the 1880s in Brisbane is now under contract having been auction earlier this month.
The dilapidated Teneriffe house at <a href="https://www.realestate.com.au/property-house-qld-teneriffe-122072822" target="_blank">17 Teneriffe Drive</a> was the coach couse of Teneriffe House.
Of recent times Arthur Henricks and May Hickling who married in 1915 had ten children, with Merle residing up until this year.  In 1854, James Gibbon, former MLA and property speculator, known locally as 'Street Corner Jimmy' because he bought corner blocks, bought a parcel of land between Newstead and New Farm and named it Teneriffe, after Teneriffe Peak in the Canary Islands. Gibbon was living at Kingsholme in New Farm before commissioning the construction of Teneriffe House in 1865, on what became known as Teneriffe Hill.
The magnificent house cost 1715 pounds to build, and was constructed of rendered brick on a stone foundation.
The house changed hands several times in its history and was converted to flats in the late 1960s.
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jchancellor-FAypfDUnLy

1880s Teneriffe coach house under contract

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Sydney's auction clearance rate stayed below 70 percent yesterday, but the battered McGrath Estate Agency bucked the weekend trend.
There was an overall 69 percent sales rate, though McGrath, whose shares were suspended from trading on Friday, secured a 75 percent success rate. 
Sales across Sydney ranged from $340,000 for a one bedroom Surry Hills unit to a pre-auction $5.775 million five bedroom Woollahra house.
CoreLogic RP Data had 330 scheduled auctions given reduced school holiday activity.
The McGrath agency secured secured sales ranging between $395,000 at Tumbi Umbi to $3.57 million at Coogee, a contemporary five bedroom home which had been tipped to fetch $3.5 million.
The real estate company asked to go into a trading halt until Tuesday as its reviews its earnings forecast from when it was listed on the ASX share market last December.
Floated at $2.10 a share, it last traded at $1.30 a share. 
McGrath, founded in Paddington by John McGrath in 1988, has a network of more than 70 offices.
The suspension came before the Reserve Bank released its half-yearly snapshot of the financial system which warned the growth in big city apartment developments was a key risk to Australia's financial system.
Sydney's declining established home sales activity and the declining auction clearance rate have not helped the McGrath share price.
Sydney's clearance rate last April was well above 80 percent.
CoreLogic figures have put the Sydney clearance rate at below 70 percent for the past five weeks after a strong February start.
Strathfield was Sydney's busiest auction suburb yesterday with the preliminary results showing four of the five offerings finding buyers, with two sales through McGrath.
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McGrath secures auction success

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Perth sellers looking for a quick sale for their property should look to auctions, with new data from reiwa.com revealing that auctions in the metropolitan region sell faster. 
Although the percentage of Perth vendors choosing auctions was still small, this method was gaining popularity because of the visibility of auctions on mainstream television, said REIWA president Hayden Groves.
“Auctions are becoming more familiar to West Australians, and Perth sellers are increasingly more open to this selling method. While private treaty remains the most common way to sell a property in Perth, auctions did hit a 15-year high in December 2015, with 3.1 per cent of all sales in the metropolitan region happening under the hammer," she said. 
“This figure did dip in January due to seasonality, but recovered quickly and was back up to 2.9 percent in March.”
Reiwa.com’s analysis found that sellers who go to auction are more likely to sell faster than those selling via private treaty. 
The average selling days for auctions fell steadily in each quarter last year and now takes 26 days less to sell by auction than private treaty,” Groves said. 
REIWA is a member-owned organisation representing over 1,100 agencies and more than 90 percent of operating real estate agents in Western Australia. 
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prateek24-ezbwHMbNAk

Auctions achieve faster results for Perth sellers: REIWA 

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Melbourne's school holidays saw the absence of the typical prestige offerings with the top sale being $2.75 million in Aberfeldie (above).
It sold two years ago in spring 2014 at $2.32 million, so reflected 11 percent price growth for the 2006-built Victorian-era style four bedroom home with study.
Melbourne was the busiest capital city auction market this week, after Sydney was the busiest for the past two weeks.
The 794 Melbourne auctions secured a clearance rate of 73 percent, according to CoreLogic RP Data.
Inner Melbourne, with 171 auctions and North East Melbourne with 110 auctions held were the busiest sub-regions of the city this week, with clearance rates of 72 percent and 76 percent, respectively.
South East and Inner East Melbourne were the only two regions where clearance rates fell below the 70 percent mark this week.
The preliminary auction clearance rate in Sydney stayed below 70 percent again this weekend at 67 percent, down from 69 percent last week.
All much lower than one year ago when it was a redhot 83 percent. 
Sydney’s sub-regions again showed a significant amount of variation in results across the city.
Clearances rates were as high as 87 percent in Inner West and as low as 41 percent in South West.
The cheapest Sydney offering was an over 55s villa in Cronulla.   Sydney auctioneer Rocky Bartolotto noted that not only were volumes down by 25 percent, but the average registered bidder numbers were just under 4 per property, compared to April 2015 which was averaging seven.   Brisbane’s preliminary clearance rate was 56 percent this week, up on the 52 percent last week and 54 percent one year ago.
Brisbane had the weekend's cheapest sale at $237,000 at <a href="https://www.realestate.com.au/property-house-qld-waterford+west-122100694%20%20" target="_blank">Waterford West</a> for a three bedroom home (below) which, according to CoreLogic RP Data, last sold at $235,000 in 2006.
<img src="/images/2016/04/11/main-3.jpg" alt="" width="667" height="500">
Adelaide’s clearance rate was 63.6 percent this week, with Perth auctions at 25 percent last week.
Across Canberra 69 auctions were held this week with a 64 percent sales success including the $1,515,000 sale of the former bolthole of the former Federal Treasurer Joe Hockey.
The three-bedroom property in the prestigious suburb of Forrest sold soon after being passed in on a $1.5 million vendor bid at its 25 Furneaux Street onsite auction.   The national 67 percent success rate, was up from the 66 percent last week, but remaining lower than one year ago 77 percent.
The March 2016 quarter combined capital city clearance rate was 69 percent, lower than the 75 percent in the March 2015 quarter. 
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Aberfeldie tops Melbourne weekend results

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<div>
The home auction market is picking up after the slight pause for Easter holidays, with 1,677 capital city homes scheduled to go under the hammer this week, according to CoreLogic RP Data.
While Sydney had more auctions than Melbourne over the past two weeks, this week, Melbourne’s auction activity is set to rise, bringing the total number of residential auctions to 730, as opposed to the 624 scheduled for Sydney.
Auction volumes remain relatively steady across the remaining capital cities.
<img src="/images/2016/04/8/Screen%20Shot%202016-04-08%20at%2010.03.30%20AM.png" alt="" width="314" height="196">
Melbourne's 730 auction figure will be well ahead of last weekend’s 482 listings and higher than the 562 auctioned over the same weekend last year, wrote Domain Group’s chief economist Dr Andrew Wilson in his blog. 
Although auction activity is on the rise, overall autumn listings will likely remain below the levels recorded last year over the same period. Falling interest rates a year ago were a catalyst for a surge in housing market activity in Melbourne. 
The west will again clearly host the highest number of auctions this weekend with 126.  The north-east is next highest with 111 followed by the outer east (91), the inner south  (88), the inner city (82), the north (77), the inner east (54) and the south-east with 53 auctions.
Mount Waverley has the highest number of auctions listed this weekend, with 16, followed by Preston with 14, Reservoir and East Bentleigh, each with 13, Pascoe Vale with 10 and a number of suburbs with nine auctions scheduled including Glen Waverley, Essendon, Noble Park and Hawthorn.
The robust Melbourne home auction market resumed last weekend without missing a beat following the Easter holiday break.
Melbourne recorded a clearance rate of 73.8 per cent, which was just below the 74.1 per cent recorded on the pre-Easter weekend a fortnight ago and also below the boom-time 77.5 per cent recorded over the same post-Easter weekend last year.
Last Saturday’s result was just below the average weekend rate of 75.4 per cent recorded over the previous nine Saturdays, with a high of 79.2 per cent and a low of 73.4 per cent reported over that period.
Low interest rates continue to fuel buyer activity in both Melbourne and Sydney's housing markets, said Dr Wilson. This week the Reserve Bank predictably decided to leave official rates on hold over April at the record low two per cent for the 11th consecutive month. 
A near-term cut in rates, however, remains on the cards with continuing mixed reports on the health of the national economy. The latest Australian Bureau of Statistics data indicates that the recent home building boom has peaked, the trend for retail sales growth is declining, house prices are flat or falling, inflation remains low in an increasingly lifeless economy and the Australian dollar continues to track well above the preferred levels of policymakers.
Sydney auction numbers are down this weekend with the local market straining to regain momentum after the Easter holidays.
This Saturday, just 509 homes are scheduled to go under the hammer. This is below the 539 listed last weekend and also well below the 535 homes auctioned over the same weekend last year, he said.
Sydney auction levels this autumn remain far below those recorded over the same period last year. Falling interest rates a year ago were a catalyst for an unprecedented surge in housing market activity in Sydney, but so far in 2016 they have remained on hold. 
Sydney’s inner west has the highest number of auctions listed this weekend, with 82, followed by the upper north shore (78), the south (74), the city and east (58), the lower north (56), the south-west (34), the west (31), Canterbury Bankstown (28), the northern beaches (27), the north-west (19) and the central coast (17). The Blue Mountains have no auctions scheduled. 
Mosman, with nine auctions, will be the busiest this weekend followed by Ryde, Randwick, Carlingford, Killara and Marrickville, each with seven, and Blacktown with six. There are also several suburbs with five auctions scheduled on Saturday, including Epping, St Ives, Lane Cove North, Strathfield and Bexley.
The Sydney weekend home auction market returned from the Easter holidays in the same robust form it has consistently produced so far this year, notes Dr Wilson.
Sydney reported a clearance rate of 73.7 per cent last weekend, just below the 74.1 per cent recorded on the pre-Easter weekend the fortnight previous and also below the boom-time 86.8 per cent recorded over the same post-Easter weekend last year.
Last Saturday’s result was just below the average weekend rate of 74.5 per cent recorded over the previous nine Saturdays, with a high of 76.9 per cent and a low of 71 per cent reported over that period.
Over the week ending April 3 there were 1,582 capital city auctions with CoreLogic collecting results for 1,434 auctions, accounting for almost 91% of all auctions.
The final clearance rate was recorded at 66.6% which is down from the previous week and the lowest clearance rate in three weeks. The number of auctions increased from just 554 over the previous week. Excluding Sydney and Melbourne, clearance rates rose in Brisbane, Adelaide and Hobart but fell elsewhere. Auction volumes were also higher this week across all regions except Tasmania. 
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Melbourne sees sharp rise in auctions, but Sydney numbers down

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The number of homes being taken to auction is continuing to increase with 1,677 capital city homes scheduled to go under the hammer this week.
While Sydney had more auctions than Melbourne over the past two weeks, this week, Melbourne’s auction activity is set to rise, bringing the total number of residential auctions to 730, as opposed to the 624 scheduled for Sydney.
This week, auction volumes are higher than last week in the two major auction markets of Melbourne and Sydney, while they remain relatively steady across the remaining capital cities.
Capital City Auctions this week:
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Sydney: 624
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Melbourne: 730
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Brisbane: 145
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Adelaide: 70
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Perth: 32
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Canberra: 65
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The three busiest individual suburbs for auctions this week are all located in Melbourne, with 17 auctions scheduled to take place in Mount Waverley, 16 in Reservoir and 14 in Preston.
Summary of last week’s results:
<a href="/images/2016/04/7/20160407-cc-table.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/7/20160407-cc-table.png" alt="">
Across the combined capital cities, clearance rates softened last week from 70.9 percent for the previous week to 66.6 percent last week. Much of the fall in clearance rates was driven by Sydney, which was the busiest auction market over the week, host to 664 auctions and recorded a clearance rate of 69.8 percent, far lower than the 77.9 percent over the previous week.
In Melbourne, the auction clearance rate remained relatively steady, down to 69.2 percent from 71.4 percent the previous week.
<a href="/images/2016/04/7/20160407-graph.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/7/20160407-graph.png" alt="">
Despite the fall in Sydney’s auction clearance rate, there were some very strong sub-regions in the city. City and Inner South (91.4 percent) and Eastern Suburbs (90.5 percent) both saw clearance rates in excess of 90 percent, while in Parramatta only one third of auctions were successful.
The strongest clearance rate across Melbourne was 76.3 percent in the Inner East.
Of the other capital city auction markets, Adelaide was the best performer last week with 71.2 percent of auctions clearing, while in all other cities only around half of the properties taken to auction resulted in a sale.
<a href="/images/2016/04/7/20160407-sub-region.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/7/20160407-sub-region.png" alt="">
 
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Melbourne auction levels outpacing Sydney: CoreLogic RP Data's Shana Miller

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Nine more properties in Sydney's Millers Point have been put up for sale through auction by the NSW government to fund its social housing programme.
Last week, the government auctioned off 12 properties for $32.85 million, taking the total to $182.73 million from 70 properties sold to date in Millers Point.
Proceeds from the sale will fund 1,500 new dwellings across the state, with 590 new, fit-for-purpose social housing dwellings funded to date.
Government Property NSW, on behalf of Family and Community Services, announced the move on Monday. The properties will be marketed by McGrath Estate Agents and will be auctioned on May 4.
The properties are: 
9 Lower Fort Street (left) – an eight-bedroom, four-bathroom residence within the Milton Terrace group.
13 Lower Fort Street – a six-bedroom, two bathroom dwelling, also part of Milton Terrace.
35 Lower Fort Street – a six-bedroom, three bathroom residence known as Major House.
47 Lower Fort Street – a five-bedroom, two bathroom property in a row of four Italianate-style terraces, built in the mid-1880s.
42 Argyle Place (below) – a four-bedroom, two bathroom property constructed in the late 1880s
54 Kent Street – a three-bedroom, one bathroom residence, originally owned by local shipwright, William Rowe.
60 Kent Street – a three-bedroom, one bathroom residence, originally built for Thomas Hely, son of a local shipwright.
62 Kent Street – a three-bedroom, one bathroom residence, also owned by Thomas Hely.
73 Kent Street – a four-bedroom, three bathroom property built in the mid-1870s.
Each heritage-listed property includes a Conservation Management Plan endorsed by the NSW Heritage Council in the contract for sale, which are meant to ensure new owners are fully informed of their responsibilities when purchasing a heritage property.
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NSW govt to auction off nine more Millers Point properties

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From 503 reported results in Melbourne for the week ending 3 April some 68.0 percent sold, according to CoreLogic RP Data.
The strongest Melbourne sub-region was the Inner East, with a preliminary clearance rate of 74.4 percent.
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Melbourne's strong clearance rate in Inner East: CoreLogic RP Data

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The amount of auction activity across the capital cities increased substantially this week, up from 554 auctions held the previous week to 1,543 held this week.
At the same time last year it was the long weekend for Easter, so auction volumes were lower, with 653 homes taken to auction across the combined capitals. This week the weighted average clearance rate across the combined capitals was 67.0 percent, slipping from 70.9 percent over the previous week when the combined capitals recorded the strongest clearance rate seen in four weeks, despite the low volumes.
<a href="/images/2016/04/4/20160404-Capital-City.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/4/20160404-Capital-City.png" alt="">
There were 567 Melbourne auctions this week, making it the second busiest capital city for auctions after Sydney. This is the second week in a row where the Sydney auction market has been busier than that of Melbourne’s, however Melbourne volumes are expected to climb leading up to the ANZAC day long weekend.   Across the 503 reported results, 68.0 per cent were successful this week, down from 71.4 per cent last week and lower than the 86.5 per cent recorded last year when just 63 Melbourne auctions were held. This week’s strongest performing Melbourne sub-region was the Inner East with 74.4 per cent of auctions cleared, based on preliminary results.
<a href="/images/2016/04/4/20160404-Melbourne.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/4/20160404-Melbourne.png" alt="">
A total of 648 homes were auctioned in Sydney this week, with preliminary results returning a clearance rate of 70.9 percent. Last week, across the 349 auctions in the city 77.9 percent of results were successful, the strongest result for the city since mid-February. In comparison, over the same week last year 427 Sydney auctions were held and the clearance rate was 84.7 percent. The busiest regions for auctions across Sydney this week were North Sydney and Hornsby (103 auctions) and Inner South West (84 auctions), while clearance rates ranged from as high as 94.1 percent in City and Inner South to as low as 28.0 percent in Parramatta.
<a href="/images/2016/04/4/20160404-Sydney.png" target="_blank">Click to enlarge</a>
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Across Brisbane, auction volumes rose from 48 last week to 140 this week, with a preliminary clearance rate of 57.0 per cent, compared to 45.0 per cent last week. The number of auctions being held across Brisbane is likely to be high over the weeks leading up to the ANZAC day long weekend, given there will be two long weekends in a row.  The Gold Coast had 78 auctions this week and so far 47 results have been reported. The preliminary clearance rate for the region was 38.3 per cent this week.
<a href="/images/2016/04/4/20160404-Brisbane.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/4/20160404-Brisbane.png" alt="">
Preliminary results show that 75.4 per cent of Adelaide auctions were successful this week, up from last week (66.7 per cent), but lower than one year ago when 83.3 per cent of the 34 auctions held were successful.
<a href="/images/2016/04/4/20160404-Adelaide.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/4/20160404-Adelaide.png" alt="">
Perth’s preliminary auction clearance rate was 37.5 percent this week. Last week, 6 results were captured across the city, with all having sold. While auction volumes were low last week, this week 37 Perth homes were taken to auction, returning to relatively normal levels for the city.
Based on preliminary results, 52.3 percent of Canberra auctions were successful this week, down from 58.3 per cent last week and lower than one year ago (71.8 percent). There were 67 auctions held in Canberra this week, 26 last week and 49 at the same time last year.
There were 9 auctions held in Tasmania this week with 5 results reported so far. Of the reported results, 2 were successful.
 
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