<p data-end="568" data-start="388">Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.</p>

<p data-end="803" data-start="570">Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.</p>

<p data-end="1041" data-start="805">The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.</p>

<p data-end="1239" data-start="1043"><a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.</p>

<p data-end="1239" data-start="1043">[smartcode_project:default project_id=114246 project_image_fid=378718]</p>

<p data-end="1459" data-start="1241">Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.</p>

<p data-end="1582" data-start="1461">Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.</p>

<p data-end="1777" data-start="1584">"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.</p>

<p data-end="2018" data-start="1779">"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.</p>

<p data-end="2245" data-start="2020">"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."</p>

<p data-end="2245" data-start="2020">[smartcode_project:default project_id=114246 project_image_fid=378713]</p>

<p data-end="2438" data-start="2247">A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.</p>

<p data-end="2577" data-start="2440">Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.</p>

<p data-end="2772" data-start="2579">The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.</p>

<p data-end="2245" data-start="2020">[smartcode_project:default project_id=114246 project_image_fid=378720]</p>

<p data-end="2245" data-start="2020">Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.</p>

<p data-end="2996" data-start="2932">"The penthouse is a serene study in quiet luxury," Freeman said.</p>

<p data-end="3264" data-start="2998">"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."</p>

<p data-end="3384" data-start="3266">Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.</p>

<p data-end="3531" data-start="3386">"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.</p>

<p data-end="3823" data-start="3533">"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."</p>

<p data-end="3823" data-start="3533">[smartcode_project:default project_id=114246 project_image_fid=378694]</p>

<p data-end="3986" data-start="3825">Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.</p>

<p data-end="4199" data-start="3988">Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.</p>

<p data-end="4370" data-start="4201">Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.</p>

<p data-end="4516" data-start="4372">"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.</p>

<p data-end="4717" data-start="4518">"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.</p>

<p data-end="4883" data-start="4719">"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."</p>

<p data-end="4947" data-start="4885">The penthouse will be exclusively marketed by SRM Residential.</p>

<p data-end="4947" data-start="4885">[smartcode_project_cta:default project_id=114246]</p>


Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

<p>New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.</p>

<p><a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.</p>

<p>The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.</p>

<p>Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.</p>

<p>[smartcode_project:default project_id=149951 project_image_fid=377072]</p>

<p>Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.</p>

<p>Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.</p>

<p>“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.</p>

<p>“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”</p>

<p>The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.</p>

<p><img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" /></p>

<p>Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.</p>

<p>Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.</p>

<p>Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.</p>

<p>“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.</p>

<p>“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”</p>

<p>“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”</p>

<p><img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" /></p>

<p>Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.</p>

<p>It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.</p>

<p>Cottee said Marrone represented the first stage of the group's longer-term plans for the area.</p>

<p>Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.</p>

<p>Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.</p>


Dalcott targets owner-occupiers with South Brisbane debut Marrone

<p>Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.</p>

<p>Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.</p>

<p>Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.</p>

<p><img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" /></p>

<p>Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.</p>

<p>The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.</p>

<p>The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.</p>

<p>Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.</p>

<p>The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.</p>

<p><img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" /></p>

<p>Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.</p>

<p>The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.</p>

<p>A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.</p>

<p>Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.</p>

<p>A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.</p>

<p><img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." /></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.</p>

<p>Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.</p>

<p>The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.</p>


First look: New apartment tower pitched for Strathfield Town Centre precinct

<p>An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.</p>

<p>Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.</p>

<p>Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.</p>

<p>The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.</p>

<p>[smartcode_project:default project_id=95606 project_image_fid=378731]</p>

<p>All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.</p>

<p>The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.</p>

<p>[smartcode_project:default project_id=95606 project_image_fid=378732]</p>

<p>A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.</p>

<p>OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.</p>

<p>“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.</p>

<p>“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”</p>

<p>[smartcode_project:default project_id=95606 project_image_fid=378736]</p>

<p>La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.</p>

<p>ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.</p>

<p>“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.</p>

<p>“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”</p>

<p>Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.</p>

<p>“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.</p>

<p>“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”</p>

<p>The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.</p>

<p>[smartcode_project:default project_id=95606 project_image_fid=378734]</p>

<p>Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.</p>

<p>The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.</p>

<p>Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.</p>

<p>The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.</p>

<p>Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.</p>

<p>[smartcode_project_cta:default project_id=95606]</p>


ODUS releases $18 million penthouse crowning La Mer Main Beach

<p><a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.</p>

<p>Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.</p>

<p>The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=365685]</p>

<p>"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.</p>

<p>Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.</p>

<p>"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."</p>

<p>[smartcode_project:default project_id=509 project_image_fid=368869]</p>

<p>That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.</p>

<p>Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.</p>

<p>Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=365689]</p>

<p>Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.</p>

<p>They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.</p>

<p>The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.</p>

<p>"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.</p>

<p>[smartcode_project:default project_id=509 project_image_fid=368872]</p>

<p>The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.</p>

<p>With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.</p>

<p>A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.</p>

<p>Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.</p>

<p>[smartcode_project_cta:default project_id=509]</p>


Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Auctions

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<p><span><span>Sydney had a preliminary</span><span> </span><span>clearance rate of 72 percent from 680 auctions for the week ending 13 March, according to CoreLogic RP Data.</span></span></p>
<p><span style="line-height: 1.3em;">Sydney’s strongest performing regions were Ryde at 86.2 percent, Eastern Suburbs  at 84.5 percent and the Inner West at 78.6 percent.</span></p>
<p><a href="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%201.11.29%20PM.png" target="_blank"><span>Click to enlarge</span></a></p>
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po-LsXgBTHBmX

Ryde, Eastern Suburbs lead Sydney auction clearance rates: CoreLogic RP Data

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<p>This week 1,426 auctions were held across the combined capital cities, substantially lower than the 2,304 held last week and the 2,556 held one year ago.</p>
<p>This coming Monday is a public holiday for four out of the eight states and territories, which has been a key factor in the fall in auction volumes. The combined capital city clearance rate softened this week, down from 68.6 percent last week to 66.4 percent this week.</p>
<p>The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance remain above the 70 percent mark, with Sydney at 72 percent and Melbourne at 70.5 percent, while the highest clearance rate was in Canberra where 75 percent of auctions cleared over the weekend. </p>
<p>The capital city weighted average was pulled lower by softer clearance rates in Brisbane (44 percent), Perth (46.7 percent) and Tasmania (33.3 percent). One year ago, the weighted average clearance rate was 77.2 percent, substantially stronger than the current result.</p>
<p><a href="/images/2016/03/14/20160314-Capital-city.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/20160314-Capital-city.png" alt=""></p>
<p>Only 414 <strong>Melbourne</strong> auctions were held this week with a preliminary clearance rate of 70.5 percent. This week’s result shows a slight decrease in the clearance rate for the city, after final results saw Melbourne’s clearance rate at 72.1 percent last week. Over the corresponding week last year, Melbourne’s clearance rate was 78.0 percent across 1,269 auctions. Although the city’s auction activity was quieter this week, there were still sub-regions where auction volumes were relatively high, with Melbourne’s Inner region host to 74 auctions and the West region host to 56 auctions. In terms of clearance rate, North West was the best performer, with 80.6 percent of reported auctions successful this week, followed by Inner South (79.2 percent).</p>
<p><a href="/images/2016/03/14/20160314-Melbourne.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/20160314-Melbourne.png" alt=""></p>
<p><strong>Sydney</strong> was the busiest capital city auction market this week, with 680 auctions held and a preliminary clearance rate of 72.0 percent. On the final numbers for last week, 68.7 percent of Sydney auctions were successful, while one year ago the clearance rate was 83.9 percent, significantly stronger than the current results for the city. The number of homes taken to auction this year is also lower than last year when 926 auctions were held. Sydney’s strongest performing sub-regions this week were Ryde (86.2per cent), Eastern Suburbs (84.5 percent) and Inner West (78.6 percent).</p>
<p><a href="/images/2016/03/14/20160314-Sydney.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/20160314-Sydney.png" alt=""></p>
<p>This week 44.0 percent of <strong>Brisbane</strong> auctions were successful based on preliminary results. There were 151 auctions held in the city, up from 133 last week and 132 at the same time last year. Last week Brisbane’s clearance rate was 50.9 percent, while one year ago it was 47.0 percent. Further south, on the <strong>Gold</strong> <strong>Coast</strong> 34 auctions were held this week. Preliminary results show 16 auction outcomes having been reported with a clearance rate of 50.0 percent.</p>
<p><a href="/images/2016/03/14/20160314-Brisbane-1.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/20160314-Brisbane-1.png" alt=""> </p>
<p><strong>Adelaide’s</strong> preliminary results show 54.2 percent of auctions were successful this week, compared to 65.9 per cent last week and 66.7 percent one year ago. The number of auctions across the city fell to 93 this week, compared to 99 over the previous week.</p>
<p><a href="/images/2016/03/14/20160314-Adelaide.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/20160314-Adelaide.png" alt=""></p>
<p>There were 35 <strong>Perth</strong> auctions held this week. Perth’s clearance rate shows a higher level of volatility due to the small proportion of homes being sold via the auction method.  Over the year to date, Perth’s clearance rate has been recorded as low as 21.7 percent the week before last and as high as 46.7 percent this week, across just 15 results. Prior to this week, the highest result for the city was recorded over the final week of January when  44 percent of the 25 reported auctions were successful.</p>
<p><strong>Canberra</strong> has recorded another strong result this week with a preliminary clearance rate of 75.0 percent. The number of homes auctioned across the city this week was significantly lower than last week, falling from 88 to 34. At the same time last year 68.8 percent of the 71 auctions were sold.</p>
<p>There were 12 <strong>Tasmanian</strong> auction results reported this week and based on these preliminary results, 4 have sold.</p>
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Preliminary clearance rate remains below 70 percent for the second week in a row: CoreLogic RP Data's Shana Miller

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<p><span>Poly Horizon, located in the heart Epping, secured the sale of 82 percent of the first released 235 apartments.</span></p>
<p><span>In its first residential project in Sydney, Poly Horizon had over $165 million in sales transacted by midday Saturday.</span></p>
<p><span>A three bedroom premium apartment with sweeping views of the Sydney CBD and North Sydney skyline for $1.52 million was the highest sale of day. </span></p>
<p><span>Poly’s marketing director Philip Best said the large majority of the purchasers in Poly Horizon were local buyers and owner occupiers.</span></p>
<p><span>“Poly Horizon also attracted a number of savvy investors who were looking to secure an apartment at comparatively competitive prices that provided strong long-term growth prospects.”</span></p>
<p><span>“Poly’s global presence, our 20 years of experience in property development and the great pride we take in ensuring the highest quality of the design and delivery of our projects, proved an added incentive for purchasers," he said.</span></p>
<p><span>Designed by architects PTW, Poly Horizon comprises 501 apartments across three towers, two at 22 and 21 storeys in height and one at seven storeys.</span></p>
<p><span>The project also comprises over 1,000sqm of ground-floor retail that will feature a proposed childcare centre, a children’s playground area as well as a number of cafes and convenience retailers and a large podium courtyard.</span></p>
<p><span>Located 300 metres from the recently upgraded, Epping Train Station and minutes from the M2 motorway, Poly Horizon enjoys excellent access to major shopping centres, local schools and universities as well as the Sydney CBD.</span></p>
<p><span>The first project stage release of Poly Horizon has prices for a studio start from $420,000 and includes one-bedroom + study apartments starting from $550,000, two-bedroom apartments from $820,000 and three-bedroom apartments with car parking from $1.06 million.</span></p>
<p><span>For more information, <a href="https://www.polyhorizon.com.au/"><span>click here</span></a>.</span></p>
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jonathanchancellor-7SQnKwU6yx

Poly Horizon at Epping secures 82 percent sales success

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<p><span>It was Sydney's time in the auction spotlight as the busiest capital city auction market, given Melbourne's holiday long weekend distraction.</span></p>
<p><span>There was a jump back to an above 70 percent clearance rate for Sydney to boot. </span></p>
<p><span>An original condition Curl Curl fibre cottage (above), which was set to take a starring role in the 2004 film Eucalyptus, captured the enthusiastic spirit when sold at $1.933 million at its onsite auction.</span></p>
<p><span>The 1940's house missed its chance in the spotlight given the cancellation of the film adaption of the Murray Bail book, but its Ray White agents secured $213,000 above reserve.</span></p>
<p>Some 11 registered bidders sought the rare offering as the <a href="https://raywhitefreshwater.com.au/nsw/curl-curl/1429265/" target="_blank">40 Bennett Street property</a> had last traded for £3,500 in 1953.</p>
<p><span>Sitting on 700 sqm of level land, the original cottage has three bedrooms and a sunroom, all a short walk to the beach. </span></p>
<p><span>With 680 Sydney auctions there was a 72 percent, up on last week's dip to 68 percent.</span></p>
<p><span>Sydney’s strongest performing sub-regions were Ryde with an 86 percent success rate, followed by the Eastern Suburbs at 84 percent and Inner West at 78.6 per cent. </span></p>
<p><span>South of Sydney the childhood Kiama home of the Oscar winning Hollywood fashion designer Orry Kelly, sold at auction.</span></p>
<p><span>It was just the 1880s cottage, not the block of land.</span></p>
<p><span>It fetched $1000, and is now set to be relocated to a Jamberoo farm, nine kms inland. </span></p>
<p><span>The vendors who plan to rebuild on the block saved themselves around $30,000 in demolition fees.</span></p>
<p><span>Transportation of the period gem, two bedroom cottage with high ornate ceilings, polished floorboards and stained glass windows, was estimated at about $30,000.</span></p>
<p><span>Kelly, who had grown up in the home in the early 1900's, won three Oscars for his costume design in An American in Paris (1952), Les Girls (1958) and Some Like It Hot (1960). </span></p>
<p><span>With Monday a public holiday for four out of the eight states and territories, the week saw 1,426 auctions held across the combined capital cities, substantially lower than the 2,304 held last week.</span></p>
<p><a href="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2010.23.28%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%2010.23.28%20AM.png" alt=""></p>
<p><span> </span></p>
<p><span>The combined capital city clearance rate softened this week, down from 68 percent last week to 66 percent, pulled lower by softer clearance rates in Brisbane (44 per cent), Perth (46.7 per cent) and Tasmania (33.3 per cent).</span></p>
<p><span>CoreLogic RP Data noted one year ago, the weighted average clearance rate was 77 per cent.</span></p>
<p><span>The nation's top auction sale was a triplex Drummoyne development site on Sydney Harbour that fetched $11 million.</span></p>
<p><span>It was downsizers who completed at Cremorne Point for a three-bedroom triplex garden apartment that fetched $4,065,000 in the highest Sydney single abode price.</span></p>
<p><span>The auction saw 10 parties raise their bidding cards after the $3.1 million opening bid. There had been a $3 million to $3.3 million auction price guide.</span></p>
<p><span>Melbourne's priciest sale was a $3.35 million Preston development site, while 46a Kinkora Road, Hawthorn was the dearest house sale at $2.83 million, at well above reserve.</span></p>
<p><span>The renovated four bedroom, two storey 1986 home had sold at $2,071,000 in March two years ago, with just a minor refurbishment inbetween sales.</span></p>
<p><span>A Victorian era Hawthorn home at 5 Yarra Street was passed in on a $4.4 million vendor bid, after the one buyer bid at $4.35 million. It had sold in spring 2014 at $4.36 million, suggesting little if any price growth.</span></p>
<p><span>Only 414 Melbourne auctions were held with the 70 percent successrate, a slight decrease on the 72 percent last week. Melbourne’s North West was the best performer, with 80 percent of reported auctions successful followed by the Inner South at 79 per cent.</span></p>
<p><span>A three bedroom home at Melton West was the nation's weekend's cheapest sale at $261,000, narrowly edging out a $262,500 sale in Loganholme, set mid-way between Brisbane and the Gold Coast. The basic two bedroom Queenslander had last sold in 1986 for $41,500.</span></p>
<p> </p>
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jchancellor-FAypfDUnLy

Curl Curl cottage stars in Sydney weekend auctions

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<p>Queensland's Gold Coast has a preliminary auction clearance rate of 32.4 percent from a total of 48 auctions, for the week ending 6 March, according to CoreLogic RP Data.</p>
<p>The Hunter region in New South Wales had a preliminary clearance rate of 56.5 percent, Wollongong 68.8 percent and Victoria's Geelong 57.9 percent.</p>
<p><a href="/images/2016/03/7/Screen%20Shot%202016-03-07%20at%201.17.28%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/03/7/Screen%20Shot%202016-03-07%20at%201.17.28%20PM.png" alt=""></p>
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Gold Coast has preliminary auction clearance rate of 32.4 percent: CoreLogic RP Data

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<p>Melbourne's preliminary auction clearance rate<span> is recorded at 70.6 percent, for the week ending 6 March, according to CoreLogic RP Data. </span></p>
<p><span>Top performing areas was North East Melbourne, which held a clearance rate of 75.2 percent.</span></p>
<p><a href="/images/2016/03/7/Screen%20Shot%202016-03-07%20at%201.12.24%20PM.png" target="_blank"><span>Click to enlarge</span></a></p>
<p><span><img src="/images/2016/03/7/Screen%20Shot%202016-03-07%20at%201.12.24%20PM.png" alt=""></span></p>
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North East Melbourne, which held a clearance rate of 75.2 percent: CoreLogic RP Data

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<p>A clearance rate of 74 percent was recorded this weekend compared to 76 percent last weekend and 70 percent this weekend last year, according to the REIV.</p>
<p>There were 1018 auctions reported to the REIV, with 754 selling and 264 being passed in, 138 of those on a vendor bid.</p>
<p>The overall clearance rate in the year to date for 2016 is 75 percent, up one per cent on the same period in 2015.</p>
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<div class="number">598 <span style="line-height: 1.3em;">Sold at Auction</span>
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<div class="number">155 <span style="line-height: 1.3em;">Sold before Auction</span>
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<div class="number">264 <span style="line-height: 1.3em;">Passed In</span>
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<div class="number">11 <span style="line-height: 1.3em;">Withdrawn</span>
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<div class="number">1 <span style="line-height: 1.3em;">Sold after auction</span>
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<div class="number">138 <span style="line-height: 1.3em;">Passed in on Vendor bid</span>
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<div class="number">10 <span style="line-height: 1.3em;">Postponed</span>
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<div class="row">
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<h4 class=" header-title text-center">Top House Sales</h4>
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<th>Location</th>
<th>Price</th>
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<tbody>
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<td>4 Kerferd St MALVERN EAST</td>
<td>$4,680,000</td>
</tr>
<tr>
<td>91 Woodland St ESSENDON</td>
<td>$3,400,000</td>
</tr>
<tr>
<td>80 Wellington St ST KILDA</td>
<td>$3,300,000</td>
</tr>
<tr>
<td>166 Finch St GLEN IRIS</td>
<td>$3,266,000</td>
</tr>
<tr>
<td>27 Union St ARMADALE</td>
<td>$3,110,000</td>
</tr>
</tbody>
</table>
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<h4 class=" header-title text-center">Top Apartment Sales</h4>
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>20 Silver St MALVERN</td>
<td>$1,950,000</td>
</tr>
<tr>
<td>40A Ebden Av BLACK ROCK</td>
<td>$1,912,500</td>
</tr>
<tr>
<td>4/43 Faversham Rd CANTERBURY</td>
<td>$1,825,000</td>
</tr>
<tr>
<td>107/107 Beach St PORT MELBOURNE</td>
<td>$1,350,000</td>
</tr>
<tr>
<td>2/3 Bellett St CAMBERWELL</td>
<td>$1,350,000</td>
</tr>
</tbody>
</table>
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</div>
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<div class="row">
<div class="col-xs-12 col-sm-6 col-md-6">
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<h4 class=" header-title text-center">Bargain House Sales</h4>
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>29 Spruhan Av NORLANE</td>
<td>$245,000</td>
</tr>
<tr>
<td>21 Oxley St SUNBURY</td>
<td>$292,500</td>
</tr>
<tr>
<td>1 Howqua Ct EPPING</td>
<td>$319,000</td>
</tr>
<tr>
<td>29 Mulberry Pass CRAIGIEBURN</td>
<td>$330,000</td>
</tr>
<tr>
<td>28 Cassinia Cl DELAHEY</td>
<td>$350,500</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6 col-md-6">
<div class="content-body">
<div class="row">
<div class="col-md-12 col-sm-12 col-xs-12">
<h4 class=" header-title text-center">Bargain Apartment Sales</h4>
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>11/25-27 Newton Cr LALOR</td>
<td>$256,000</td>
</tr>
<tr>
<td>30/23-25 Robe St ST KILDA</td>
<td>$277,000</td>
</tr>
<tr>
<td>6/8 Anzac St CARNEGIE</td>
<td>$290,000</td>
</tr>
<tr>
<td>506/52 Park St SOUTH MELBOURNE</td>
<td>$300,000</td>
</tr>
<tr>
<td>2/405 Dandenong Rd ARMADALE</td>
<td>$300,000</td>
</tr>
</tbody>
</table>
<p>Source REIV</p>
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Still sitting in the 70s: Melbourne's auction clearance rate: REIV

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<p><span style="line-height: 1.3em;">This week, CoreLogic RP Data is tracking a total of 2,230 capital city auctions, with auction activity set to slow down in both Sydney and Melbourne, the nation’s two most active auction markets.</span></p>
<p>This week, 1,179 Melbourne auctions are being tracked, compared to 1,347 last week while Sydney will be host to 701 residential auctions, down from 919 last week and also lower than the 944 a year earlier. In Adelaide (96), Brisbane (126) and Perth (29), auction activity is also set to be quieter this week, while Canberra is the only capital city auction market where more homes will be taken to auction this week compared to last week, rising from 75 last week to 88 scheduled this week. </p>
<p><a href="/images/2016/03/4/Screen%20Shot%202016-03-04%20at%209.40.28%20AM.png" target="_blank">Click to enlarge</a></p>
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<p><span><img src="/images/2016/03/4/Screen%20Shot%202016-03-04%20at%209.40.28%20AM.png" alt=""></span></p>
<p><span>Capital City Auctions this week:</span></p>
<p><span style="line-height: 1.3em;">Sydney: 701</span></p>
<p><span style="line-height: 1.3em;">Melbourne: 1,179</span></p>
<p><span style="line-height: 1.3em;">Brisbane: 126</span></p>
<p><span style="line-height: 1.3em;">Adelaide: 96</span></p>
<p><span style="line-height: 1.3em;">Perth: 29</span></p>
<p><span style="line-height: 1.3em;">Canberra: 88</span></p>
<p><span style="line-height: 1.3em;">St Kilda (25), Reservoir (23) and Mount Waverley (18) all situated in Melbourne are the busiest individual suburbs for auctions this week. Outside of Victoria, the most auction activity will occur in Maroubra (NSW), where 11 auctions will be held. </span></p>
<p><strong style="line-height: 1.3em;">Summary of last week’s results:</strong></p>
<p><span style="line-height: 1.3em;">CoreLogic RP Data collected a total of 2,476 auction results last week, accounting for almost 92% of all auctions held. The final auction clearance rate remained above the 70 per cent mark for the fourth consecutive week at 71.4%, which was slightly weaker than the preceding week where 71.8% of auctions were successful.</span></p>
<p><span style="line-height: 1.3em;">Melbourne’s </span><span style="line-height: 1.3em;">clearance rate last week was 74.8%, the strongest result of any capital city, followed closely by Canberra, where clearance rates rebounded from 61.9% the previous week to 72.3% last week and Sydney at 72.1%.</span></p>
<p><span style="line-height: 1.3em;">Adelaide’s </span><span style="line-height: 1.3em;">clearance rate has remained steady over the past two weeks, with last </span><span style="line-height: 1.3em;">week’s </span><span style="line-height: 1.3em;">final results showing 64% of auctions across the city were successful. In Brisbane, last </span><span style="line-height: 1.3em;">week’s </span><span style="line-height: 1.3em;">clearance rate of 57.4% is the strongest result seen so far this year and far outperformed the Gold Coast, where a final auction clearance rate of 42.4% was recorded. </span></p>
<p><a href="/images/2016/03/4/Screen%20Shot%202016-03-04%20at%209.41.28%20AM.png" target="_blank"><span style="line-height: 1.3em;">Click to enlarge</span></a></p>
<p><span style="line-height: 1.3em;"><img src="/images/2016/03/4/Screen%20Shot%202016-03-04%20at%209.41.28%20AM.png" alt=""></span></p>
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prateek24-ezbwHMbNAk

Weekend auction activity set to slow down in both Sydney and Melbourne: CoreLogic RP Data

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<p><span style="line-height: 1.3em;">The preliminary clearance rate for the Gold Coast stands at 48.8 percent from 70 total auctions for the week ending February 28, according to CoreLogic RP Data.</span></p>
<p>Queensland's Sunshine Coast came in at 43.3 percent, Victoria's Geelong at 88.9 percent and NSW's Wollongong at 75.9 percent.</p>
<p> </p>
<p><a href="/images/2016/02/29/Screen%20Shot%202016-02-29%20at%2012.31.58%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/02/29/Screen%20Shot%202016-02-29%20at%2012.31.58%20PM.png" alt=""></p>
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Gold Coast clearance rate stands at 48.8 percent: CoreLogic RP Data

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<p><span style="line-height: 1.3em;">Unswayed by the recent 60 Minutes segment forecasting a 50 percent house price crash, the national auction clearance rate edged up to 72 percent, from the prior week's 71 percent.</span></p>
<p>This weekend television news bulletins were more focused on the little ramshackle Brunswick house made famous by Beyonce in her No Angel video clip (above) that sold at auction for a silly $650,000.</p>
<p><span>The auctioneer Steven James declared the price as having a “Beyonce premium” when 20 Beith Street sold on Saturday reportedly to a neighbour.</span><span style="line-height: 1.3em;"> </span></p>
<p><span>Not even the auction price forecasting website, realAs could anticipate the premium as it suggested a likely $539,000 sale price, as against the agent's $470,000 to $510,000 price guidance.</span><span style="line-height: 1.3em;"> </span></p>
<p><span>Acclaimed Australian filmmakers Baz Luhrmann and Catherine Martin finally found a buyer for their Darlinghurst mansion, Iona on Friday evening.</span></p>
<p><span>It was listed for private treaty sale for $16 million last July marketed as "a once in a lifetime opportunity to possess a heritage masterpiece."</span></p>
<p><span>The couple, along with their two children, spend much of their time in New York so will now look for a smaller Sydney home and office as Iona is also the headquarters of Luhrmann’s production company Bazmark.</span></p>
<p><span>The Italianate late 1880s trophy home sits on a 2700 square metre block in the centre of Darlinghurst surrounded by established gardens. </span></p>
<p><span>Luhrmann and Martin had rented Iona for nine years before purchasing it in 2006 for $10 million.</span></p>
<p><span>Another 1880s Sydney home - Sunnyside, a sandstone Hunters Hill riverfront residence - topped the weekend auctions with a $6.51 million result through BresicWhitney agent Nicholas McEvoy.</span></p>
<p><a href="/images/2016/02/29/Screen%20Shot%202016-02-29%20at%209.13.44%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2016/02/29/Screen%20Shot%202016-02-29%20at%209.13.44%20AM.png" alt=""></p>
<p>Sunnyside, on 1900 sqm north facing square metres at 22 Vernon Street, had been in the same family for almost seven decades.</p>
<p>A north-west facing single storey Toorak home on half that size ranked as the second highest weekend sale when $5,795,000 was secured through Sothebys.</p>
<p>It had sold at $4.7 million in 2007 when bought by the late philanthropic Carlton bookseller Barbara Tucker, widow of the<span> modernist artist Albert Tucker, who moved from Woodside, St Kilda.</span><span style="line-height: 1.3em;"> </span></p>
<p><span>Melbourne's Murrumbeena had the nation's cheapest sale when a one bedroom, 46 sqm unit fetched $280,000. It reflected six percent annual price growth since selling at $119,000 in 2001.</span></p>
<p><span>Brisbane had the cheapest house sale at $301,000 when a three bedroom, late 1980s Beenleigh house sold, having traded at $259,000 in early 2013.</span><span style="line-height: 1.3em;"> </span></p>
<p>Auction activity saw 2,113 offerings which continues to pick up with 2,620 auctions scheduled this week.</p>
<p>Last week marked the fourth consecutive week when the national capital city clearance rate sat above the 70 percent mark.<span style="line-height: 1.3em;"> </span></p>
<p>CoreLogic RP Data noted the prior four week period when clearance rates sat higher than 70 percent was last September.</p>
<p>The robust rate of auction clearance, together with the moderating rate of growth through February suggest to CoreLogic that housing markets are in a controlled slowdown rather than showing any signs of a sharp correction.<span style="line-height: 1.3em;"> </span></p>
<p>Melbourne’s preliminary clearance rate was 75 percent, up from 74 percent last week, but lower than the 77 percent of properties that sold at the same time last year.</p>
<p><span>It took the baton for strongest capital city from Sydney.</span></p>
<p>Melbourne’s top performing sub-region was the inner south, where both a high volume of auctions were held (224) and the strongest clearance rate achieved at 84 percent.</p>
<p>Inner Melbourne had the most auctions this week (289), however the clearance rate was the second lowest of any Melbourne subregions at 72 percent.<span style="line-height: 1.3em;"> </span></p>
<p>Sydney’s preliminary auction clearance fell to 73 percent, following on from the previous week’s result of 76 percent.</p>
<p>There were 872 auctions held, rising from 800 last week, but lower than the 1,223 over the comparable week one year ago.</p>
<p>Sydney’s Eastern Suburbs 87 percent topped the regions.<span style="line-height: 1.3em;"> </span></p>
<p><span>The number of Brisbane homes taken to auction sats at around 175, with its auction clearance rate strengthening to 58 percent.</span></p>
<p><span>Some 43 Gold Coast auction results were reported with a 49 percent clearance rate.</span></p>
<p><span>There were 118 Adelaide auctions held this week and its 72 percent the third strongest capital city result.</span></p>
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