Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Auctions

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This week’s preliminary clearance rate of 70.7% across a total of 2,064 reported auctions represents the third lowest clearance rate so far this year across the combined capital cities, down further from last week when the final clearance rate was recorded at 71.2%. 
It will be interesting to see if there is any upwards revision as the remaining results are reported. There were 2,493 capital city auctions held this week, compared to 2,654 last week and 2,530 at the same time last year. Over the past eight weeks, this is the fourth week where more than 2,400 auctions have been held across the combined capitals, while over the same 8 week period one year ago, there was only one week where this volume of auctions was seen. 
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Melbourne’s preliminary clearance rate this week is 73.3 per cent, down from 74.3 per cent the previous week and higher than one year ago, when 72.1 per cent of auctions were successful. 1,091 residential properties went to auction in Melbourne this week, showing volumes are slightly lower than over the previous week (1,189) and one year ago (1,221). This week, Melbourne’s strongest performing sub-region was the Outer East, where 78.4 per cent of the 74 reported auctions were sold. On the other end of the scale was the Mornington Peninsula, where a lower 60.6 per cent of the 33 reported auctions cleared.
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In Sydney, there has been little change after recording the lowest clearance rate for the year over the previous week at 73.1 per cent, with preliminary results showing a clearance rate of 73.2 per cent. Sydney’s auction market has consistently been performing at a level lower than the strengths seen at the start of the year, when, for 22 consecutive weeks, the clearance rate for the city was above the 80 per cent mark. In saying that, the number of auctions held across the city has been trending up, with 1,008 auctions held this week and 1,075 last week. One year ago, Sydney’s auction clearance rate was 78 per cent across 883 auctions. The North Sydney and Hornsby sub-region had the highest volume of auctions this week, with 183 held and a preliminary clearance rate of 76.8 per cent.
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Across Brisbane, 108 auctions results have been reported this week, with 52.8 per cent successful. This week, 144 auctions were held across the city, compared to 179 last week, when the clearance rate was 50.3 per cent and 154 at the same time last year, when the clearance rate was significantly lower, at 38.9 per cent. 29 Gold Coast auction results have been reported so far this week, with a preliminary clearance rate of 41.4 per cent.
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Adelaide’s preliminary clearance rate was 71.4 per cent this week, up from 62.4 per cent the previous week and 68.4 per cent last year. The number of auctions held across the city increased on a week-on-week basis, from 89 last week to 99 this week, while Adelaide’s auction market was busier at the same time last year (129).
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30 Perth auctions were held this week with a preliminary clearance rate of 37.5 per cent, compared to 54.2 per cent the previous week and 51.2 per cent one year ago.
There were 116 auctions across Canberra this week, compared to 79 last week and 80 one year ago. Preliminary results show that 57.0 per cent of reported results were successful this week, down from 65.2 per cent last week and 58.2 per cent one year ago.
So far this week, 4 of the 5 Tasmanian auctions have been reported, with only 1 successful result.
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smiller-vwPjRHTkST

More than 2,000 auctions held across combined capital cities: CoreLogic RP Data's Shana Miller

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Given it was such a quiet week for auctions last week, it was unsurprising to see volumes increase substantially this week, with 2,903 held across the combined capital cities.
 The preliminary clearance rate was 72.0% this week across a total of 2,178 reported auction results, up from a final clearance rate of 68.2% last week across just 865 auctions. At the same time last year, 67.8% of auctions cleared and a total of 2,408 capital city auctions were held.
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Melbourne was the strongest performer this week, with 74.1% of reported auctions recording a successful result. There were 1,358 Melbourne auctions scheduled, with 1,169 results reported so far. Last week, Melbourne’s final auction clearance rate was 73.1%, while one year ago it was 70%. The busiest sub-region across Melbourne for auctions this week was the Inner region, with 259 held. So far 228 results have been reported with a preliminary clearance of 75.8%. In terms of clearance rate, the top performer this week was the South East at 79.1% (148 auction results).
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Sydney hosted 1,141 auctions this week and preliminary results show that 72.8% cleared. Last week, Sydney’s clearance rate just dipped below the 70% mark, at 69.9% when auction volumes were lower (583). Relative to last year, this week’s result is stronger, given last year 918 auctions were held and the clearance rate was 71.9%. This week, 3 Sydney regions were significantly stronger than others, with Northern Beaches (88%), Eastern Suburbs (85.5%), and City and Inner South (81.9%) the top performers. On the other end of the scale, Central Coast’s clearance rate was 41.7%.
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Across Brisbane 178 auctions were held this week, up from 113 last week and 167 one year ago. Preliminary results show that Brisbane’s clearance rate increased slightly, from 59.1% last week to 59.4 per cent this week. In comparison to last year, current activity is stronger (48.8%). Further south, 71 of the 100 Gold Coast auction results have been reported and the clearance rate so far is 50.7%.
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In Adelaide auction activity also picked up this week, 124 auctions were held compared to just 33 over the previous week. Adelaide’s preliminary clearance rate of 74.0% is higher than last week (67.7%) and also higher than it was over the same week last year (55.8%).
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There were 31 Perth auctions this week, compared to 10 last week and 25 one year ago. Perth’s preliminary clearance rate is 41.2%, compared to 44.4% last week and 52.6% one year ago.
Canberra’s clearance rate was 63.6 per cent this week across 64 auctions. Last week the city saw 63.2% of auction sell, while one year ago the clearance rate was significantly lower at 52.6%.
2 Tasmanian auctions have been reported to CoreLogic RP Data this week and preliminary results show only 1 sold.
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Capital cities return strong clearance rate: CoreLogic RP Data's Shana Miller

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After over 2,000 capital city auctions were held each week for the past two weeks, auction activity has fallen this week, with 1,718 capital city auctions scheduled.
While auction volumes are lower in each of the capital city markets, Adelaide, with 92 auctions this week compared to 94 last week and Canberra, with 47 auctions this week compared to 50 last week have seen the number of auctions held week-on-week remain relatively steady (down less than 10 percent compared to last week).
On the other hand, in the two busiest auction markets, the number of auctions currently being tracked by CoreLogic shows a more substantial fall, with Sydney volumes down around 16 percent and Melbourne auction activity falling by 29 percent.
Capital City Auctions this week:
<ul>
<li>Sydney: 567</li>
<li>Melbourne: 821</li>
<li>Brisbane: 140</li>
<li>Adelaide: 92</li>
<li>Perth: 43</li>
<li>Canberra: 47</li>
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The busiest individual suburbs for auctions this week are all in Melbourne and located to the south-east of the city, with 14 auctions scheduled in Richmond and 13 auctions scheduled in Glen Iris, Glen Waverley and Mount Waverley.
Summary of last week’s results:
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The final auction clearance rate fell for the third consecutive week last week, down to 67.7 per cent from 69.4 per cent the previous week and 69.7 per cent the week prior to that. Both Melbourne and Sydney maintained a clearance rate above the 70 per cent mark last week, at 73.2 per cent across Melbourne and 71.8 per cent in Sydney. Melbourne’s clearance rate represented a slight fall from the previous weeks result of 73.5 per cent, while Sydney’s clearance rate was virtually unchanged, up only slightly from 71.7 per cent the previous week.
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In all other cities, clearance rates fell over the week, while across Tasmania, both the clearance rate and volume of auctions were up week-on-week.
Outside of the capital city auction markets, regional markets saw a varied performance last week. On a week-on-week basis, clearance rates rose in Hunter, Wollongong and Geelong, while the two Queensland regions monitored, the Gold Coast and Sunshine Coast recorded a fall in clearance rates (and auction volumes) over the week.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/05/20160512-sub-region-table.png" target="_blank">Click to enlarge</a>
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/05/20160512-sub-region-table.png" rel="wp-prettyPhoto[g6776]"><img class="aligncenter size-full wp-image-6778" src="https://blog.corelogic.com.au/wp-content/uploads/2016/05/20160512-sub-region-table.png" alt="20160512 sub-region table" width="645" height="950"></a>
 
<div class="sharedaddy sd-sharing-enabled"> </div>
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National auction activity slowing: CoreLogic RP Data's Shana Miller

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The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. 
The decrease in auction activity this week is attributable to the Queen’s Birthday public holiday this Monday, which has affected activity across most states, including Australia’s two largest auction markets. 
The lower volume is consistent with what is historically seen over this period, with 1,100 auctions reported over the same week last year. Last week saw the final auction clearance rate revise lower to reach 69.8 percent; an equal second lowest clearance rate for the year so far.  
The final clearance rate last week was the lowest over 2017 to date in Sydney and Melbourne.  
This week the preliminary auction clearance rate increased slightly to 71.8 percent, however it is typical to see clearance rates revise lower as final results are collected.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/13/20170612-Cap-city.jpg" alt="">
Across Melbourne, this week’s preliminary clearance rate was recorded at 77.1 per cent, up from 73.1 per cent last week and remaining well above the clearance rate for the city one year ago (64.5 per cent). This week, Melbourne was host to 392 auctions, lower than the 1,188 held last week, but higher than a year ago when there were 341 Melbourne auctions held over the week. Of the 9 individual Melbourne sub-regions, this week the strongest performer, in terms of clearance rate was the North West. So far, CoreLogic has collected 29 results for the region and the preliminary result shows 89.7 per cent of these auctions were successful.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/13/20170612-Melbourne.jpg" alt=""> 
Sydney’s preliminary clearance rate this week was 71.3 percent across 457 auction results. There were a total of 610 auctions held across the city. Looking back at this weekend last year, 463 auctions were held across Sydney and a clearance rate of 74.1 percent was recorded. 
Sydney’s North Sydney and Hornsby hosted the most auctions of any Sydney sub-region this week, with 100 properties taken to auction. The preliminary clearance rate for the region is 75.8 percent across 66 results.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/13/20170612-Sydney.jpg" alt="">
There were 112 Brisbane auctions this week with a preliminary clearance rate of 64.8 percent, having increased from 42.5 percent last week across 151 auctions and higher than one year ago when there were 142 auctions with a success rate of 46.3 percent. The Gold Coast’s preliminary clearance rate was 51.6 percent across 31 results this week.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/13/20170612-Brisbane.jpg" alt="">
This week, Adelaide saw a preliminary clearance rate of 73.9 percent, with 46 reported results across a total of 66 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 59.3 percent and 75.4 percent one year ago.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/13/20170612-Adelaide.jpg" alt=""> 
There were 42 Perth auctions this week and so far 12 results have been reported, with just 50.0 percent selling. Last week there was a 47.6 percent clearance rate for Perth.
Canberra’s preliminary auction clearance rate of 66.7 percent this week is lower than last week, when the final auction clearance rate was 68.6 percent and lower than the 73.9 percent recorded last year.
Tasmania saw 4 auctions take place this week, 3 results have been reported so far, with 2 sales.
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
 
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j.ballantyne1990-6AQqhLzZaK

Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter

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This week, the preliminary clearance rate across the combined capital cities was recorded at 78.1%, the strongest result in 4 weeks. There were 1,273 reported auctions this week, with total auction volumes at 1,626. Due to the school holidays, this week the number of homes taken to auction was substantially lower than last week (2,249), but remained higher than at the same time last year (1,442) when the clearance rate was recorded at 68.9%.
<a href="https://www.propertyobserver.com.au/images/2015/07/06/20150705-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/07/06/20150705-Capital-City.jpg" alt="" width="849" height="638">
 
 
76.7% of Melbourne’s reported auctions sold this week, compared to a clearance rate of 78.5% last week and 71.4%last year. This week, 617 Melbourne auctions were held, down from 1,007 last week, but higher than the 549 held at the same time last year. Across Melbourne’s individual sub-regions the performance was varied this week. The stand out performer was the Outer East region, where 93.7% of homes were sold, followed by the Inner East, where the clearance rate was 85.7% this week.
<a href="https://www.propertyobserver.com.au/images/2015/07/06/20150705-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/07/06/20150705-Melbourne.jpg" alt="" width="893" height="599">
 
 
The preliminary auction clearance rate for Sydney was 84.5% this week with 711 auctions held. Last week, 896 residential properties were taken to auction across Sydney with a success rate of 82%. Auction conditions across Sydney continue to outperform when compared to the same time last year. One year ago, 72.4% of the 597 auctions across the city cleared. Sydney’s strongest performing sub-region this week was the Sutherland region, where 92.8% of reported auctions were successful, followed by the Inner South West (92.1%), and the Baulkham Hills and Hawkesbury region (91.6%).
<a href="https://www.propertyobserver.com.au/images/2015/07/06/20150705-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/07/06/20150705-Sydney.jpg" alt="" width="828" height="561">
 
For Brisbane the number of homes taken to auction this week was 113, down from 140 last week and also lower than one year ago (126). Based on the preliminary results, 68.9% of Brisbane homes taken to auction sold this week, compared to 46.2% the previous week and 59.5% last year. There have been 30 Gold Coast auction results reported this week, with a preliminary clearance rate of 50.0%.
<a href="https://www.propertyobserver.com.au/images/2015/07/06/20150705-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/07/06/20150705-Brisbane.jpg" alt="" width="814" height="546">
 
Across Adelaide 86 homes were taken to auction this week with a clearance rate of 75.4%. Last week, 69.9% of the 84 Adelaide auctions were sold, while one year ago the clearance rate was 64.6%.
<a href="https://www.propertyobserver.com.au/images/2015/07/06/20150705-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/07/06/20150705-Adelaide.jpg" alt="" width="838" height="569">
 
Perth’s preliminary clearance rate this week is 30.0%, across 20 reported results. In comparison, over the previous week, Perth’s clearance rate was 68.0%, the strongest result for the city so far this year, while at the same time last year, 50.0%of Perth auctions were successfully sold.
There were 57 Canberra auctions this week, with a preliminary clearance rate of 75.0%.
Across Tasmania, only 1 result has been reported so far this week with an unsuccessful result.
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 Auction markets slowing on volume front: CoreLogic RP Data's Shana Miller

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There are 1,822 capital city auctions scheduled this week which is an increase from 1,704 last week. The final auction clearance rate was recorded at 74.9% and was the lowest combined capital city result since the first week in March, when across the combined capitals, 74.5% of reported auctions were recorded as sold.
Across Melbourne, there are 759 auctions scheduled this week which represents a significant increase from last week when there were 655 auctions across the city and higher than last year’s auctions at 674. Melbourne’s final auction clearance rate for last week was 77.4%.
Currently, CoreLogic RP Data is tracking 795 Sydney homes to be taken to auction this week, similar to the volumes seen last week when there were 791 auctions across the city. Last week Sydney’s clearance rate was 78.8%; the lowest result for the city since the final week in January when only 154 Sydney homes were taken to auction and the clearance rate was 77.9%. This is also the first time in 22 weeks where Sydney’s clearance rate has dropped below 80%. Given the strong performance of the Sydney auction market this year, there is likely to be even further interest toward upcoming auctions this week.
There will be 112 Brisbane auctions this week, down slightly from 123 last week and 116 at the same time last year. Last week, 52.5% of Brisbane properties taken to auction were sold.
79 Adelaide homes are being taken to auction this week, up from 69 last week and also higher than over the corresponding week last year (67). Adelaide’s clearance rate fell to 66.1% last week, after having been recorded above the 69% mark over the previous two weeks.
In Canberra, 45 residential properties will be taken to auction this week, compared to 31 last week and 48 last year.
Across Perth, 22 auctions are scheduled this week after there were 26 in the city last week and 16 over the same week one year ago.
Across Australia’s individual suburbs, the highest volume of auctions this week is in Victoria’s Mount Waverley, where 13 auctions are scheduled, followed by Randwick (NSW) and South Yarra (Vic) with 12 auctions.
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Capital city property auction volumes increase: CoreLogic RP Data's Shana Miller

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There were 2,493 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 63.3%, the second lowest clearance rate for the year. 
Last week, a clearance rate of 64.9% across 3,143 capital city auctions was recorded. At the same time last year, auction volumes were lower than this week, with 2,033 properties taken to auction, however the clearance rate was stronger (68.1%). Clearance rates have been consistently trending lower, albeit on higher volumes, since April this year. The number of auctions being held so far across the Spring season is approximately 20% higher than what was recorded over the same period a year ago.
<a href="/images/2015/11/20151102-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/20151102-Capital-City.jpg" alt="" width="665" height="498">
 
Melbourne’s clearance rate fell further this week, down to 65.4%, the second week in a row where the clearance rate has been below 70% after slipping to 69.7% last week. Auction volumes have also fallen in the lead up to Melbourne Cup, with 611 auctions held over the week, compared to 1,690 over the previous week. At the same time last year, the clearance rate was 69.6% across 220 auctions. Looking at Melbourne’s sub-regions, the North East region was the best performer in terms of clearance rates, with a 74.6% success rate across 72 auctions, followed by the Inner South region, where 72.9% of the 52 auctions sold.
<a href="/images/2015/11/20151102-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/20151102-Melbourne.jpg" alt="" width="729" height="491">
 
In Sydney, 1,361 auctions were held this week, up from 1,024 over the previous week. The preliminary clearance rate of 63.5 per cent has increased from a low 61.3 per cent last week; however it is significantly lower than this time last year, when a clearance rate of 75.6 per cent was recorded across 1,259 auctions. Looking at the sub-regions of Sydney, the City and Inner South region recorded the strongest clearance rate of 73.9 per cent across 119 auctions, while the Eastern Suburbs had the highest volume of auctions (206).
<a href="/images/2015/11/20151102-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/20151102-Sydney.jpg" alt="" width="740" height="501">
 
The preliminary clearance rate in Brisbane this week was 58.2 per cent, up from 48.8 per cent over the previous week. Auction volumes were lower this week with 186 auctions held, down from 223 last week. Meanwhile, across the Gold Coast, 51 per cent of the 49 reported auctions were successful.
<a href="/images/2015/11/20151102-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/20151102-Brisbane.jpg" alt="" width="752" height="500">
 
A total of 146 Adelaide homes were taken to auction this week, with a preliminary clearance rate of 58.1 per cent across 117 results. Last week, Adelaide was the strongest performer of all capital cities in terms of the clearance rate, recording a 70.3 per cent success rate across 91 reported auctions.
 
<a href="/images/2015/11/20151102-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/20151102-Adelaide.jpg" alt="" width="802" height="545">
Perth’s clearance rate of 55.6 per cent across 49 auctions is up from the previous week, when 33 auctions were held and a clearance rate of 25.9 per cent was recorded.  Over the same week last year, the clearance rate was a lower 40 per cent, and 40 auctions were held.
Across Canberra a total of 130 auctions were held this week, the highest volumes have been all year, compared to 58 last week and 89 at the same time last year. Canberra’s preliminary clearance rate of 68.7 per cent is higher than it was the previous week (63.3 per cent).
In Tasmania, 6 auctions were reported to CoreLogic RP Data with 2 sales. Last week, 9 auctions were reported with 4 sales.
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Combined capital city clearance rate below 65% for second week: CoreLogic RP Data's Shana Miller

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<h2>Melbourne's 78% clearance rate of 78 per cent compared to 76 per cent last weekend and 72 per cent this weekend last year, according to the REIV.</h2>
There were 595 auctions reported to the REIV, with Enzo Raimondo, the REIV chief, noting some $389 million in auction sales.
Houses had a clearance rate of 84% at an $850,000 median price.
Apartments had a clearance rate of 69% with a median price of $608,000.
TOP 5 HOUSES
1. 20 Reed Street, Albert Park $2,810,000 2. 21 Haydens Road, Beaumaris $2,800,000 3. 183 Church Street, Brighton $2,640,000 4. 44 Camperdown Street, Brighton East $2,600,000 5. 15 Fairmount Road, Hawthorn East $2,540,000 TOP 5 BARGAIN HOUSES
1. 36 Oriole Drive, Werribee $287,500 2. 26 Christie Street, Deer Park $308,000 3. 12 Leisure Way North, Rosebud $328,000 4. 2 Brampton Close, Craigieburn $341,000 5. 70 Kuringai Road, Tootgarook $350,000 TOP 5 APARTMENTS
1. 5/105 Crown Street, Richmond $2,000,000 2. 405 New Street, Brighton $1,751,000 3. 3/11 Monomeath Avenue, Toorak $1,701,000 4. 3/47 Durham Road, Surrey Hills $1,525,000 5. 29A Barnett Street, Hampton $1,448,500 TOP 5 BARGAIN APARTMENTS
1. 14/234 Warrigal Road, Camberwell $117,000 2. 11/242 Pascoe Vale Road, Essendon $237,500 3. 2/131 High Street, Thomastown $247,000 4. 2/8 Anzac Street, Carnegie $268,000 5. 3/64-66 Bent Street, St Albans $285,000
 
The REIV was expecting about 730 auctions in 242 suburbs this weekend, so further results will change the clearance rate.
The top auction locations were Mount Waverley (12 auctions) and Bentleigh East (10 auctions), followed by Richmond, South Yarra and St Kilda East with nine auctions in each.
Sales included 50 Swayfield Road, Mt Waverley (below) which sold at $1,267,000.
<img src="https://i3.au.reastatic.net/800x600/27472b9d5957b6d7263292fd13032b1d41eae49ae4fae257832d08ae7be6581f/main.jpg" alt="50 Swayfield Road, Mount Waverley" title="50 Swayfield Road, Mount Waverley" data-index="0">
Mt Waverley is among a select number of Melbourne suburbs to have recorded annual capital growth of more than 20 per cent. Mount Waverley's 28 per cent matched Doncaster (28 per cent), and narrowly bettered Burwood (27 per cent) and Balwyn North (23 per cent). 
Mount Waverley had none of the REIV's top sale results with propertydata.com.au listing recent results as:
<table><tbody>
<tr>
<td>381  Blackburn  Rd</td>
<td>5</td>
<td>$1,400,000</td>
<td>House</td>
<td>Passed in at Auction</td>
<td>01/08/2015</td>
<td>
S&amp;L
 
</td>
</tr>
<tr>
<td>2/ 80  Bruce  St</td>
<td>2</td>
<td>$580,000</td>
<td>Unit</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Buxton
 
</td>
</tr>
<tr>
<td>1/ 11  Grenfell  Rd</td>
<td>2</td>
<td>$628,000</td>
<td>Unit</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Jellis Craig
 
</td>
</tr>
<tr>
<td>1/ 17  Heany  St</td>
<td>2</td>
<td>$590,000</td>
<td>Unit</td>
<td>Passed in at Auction</td>
<td>01/08/2015</td>
<td>
Jellis Craig
 
</td>
</tr>
<tr>
<td>69  Jubilee  St</td>
<td>5</td>
<td>$1,420,000</td>
<td>House</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Barry Plant
 
</td>
</tr>
<tr>
<td>16  Leeds  Rd</td>
<td>4</td>
<td>$1,330,000</td>
<td>House</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Ray White
 
</td>
</tr>
<tr>
<td>50  Swayfield  Rd</td>
<td>3</td>
<td>$1,267,000</td>
<td>House</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Barry Plant
 
</td>
</tr>
<tr>
<td>36  Catherine  Av</td>
<td>4</td>
<td>$1,040,000</td>
<td>House</td>
<td>Auction Sale</td>
<td>31/07/2015</td>
<td>
Barry Plant
 
</td>
</tr>
<tr>
<td>33  Wilga  St</td>
<td>4</td>
<td>$1,200,000</td>
<td>House</td>
<td>Sold Before Auction</td>
<td>25/07/2015</td>
<td>
Jellis Craig
 
</td>
</tr>
<tr>
<td>2/ 24  Damon  Rd</td>
<td>3</td>
<td>undisclosed</td>
<td>Unit</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Jellis Craig
 
</td>
</tr>
<tr>
<td>96  Headingley  Rd</td>
<td>5</td>
<td>undisclosed</td>
<td>House</td>
<td>Auction Sale</td>
<td>01/08/2015</td>
<td>
Reed
 
</td>
</tr>
<tr>
<td>36  Oakern  St</td>
<td>4</td>
<td>undisclosed</td>
<td>House</td>
<td>Passed in at Auction</td>
<td>01/08/2015</td>
<td>
Jellis Craig
 
</td>
</tr>
</tbody></table>
 
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jchancellor-FAypfDUnLy

Mount Waverley tops weekend auction activity: REIV

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The number of homes taken to auction this week increased to 3,086, up from 2,858 over the previous week, while the preliminary clearance rate of 66.6% is down from 67.4% last week, making this week the second lowest clearance rate recorded all year. 
The clearance rate has now been below the 70% mark for 6 weeks in a row. Over the corresponding week last year, the clearance rate was 69.3% and 3,231 auctions were held.
<a href="/images/2015/10/26/20151026-capital-city.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/26/20151026-capital-city.jpg" alt="" width="743" height="558">
 
Across Melbourne, auction volumes are the highest they have been all year with 1,663 properties taken to auction this week, while the clearance rate of 69.8% fell from 72.7 per cent across 1,398 auctions last week. This is the third lowest clearance rate for the year. At the same time last year, Melbourne was host to 1,837 auctions and a clearance rate of 71.0% was recorded. The busiest Melbourne sub-region this week was the Inner region where 341 auctions were held and a clearance rate of 73.7% was recorded.
<a href="/images/2015/10/26/20151026-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/26/20151026-Melbourne.jpg" alt="" width="676" height="454">
 
Sydney’s preliminary auction clearance rate improved this week after the lowest clearance rate for the year was recorded last week. This week, 64.4% of the 995 auctions scheduled were successful, up from 63.7% across 1,105 auctions over the previous week. Although the clearance rate has improved this week, it is still well below the 74.8% recorded across 961 auctions at the same time last year. The Eastern suburbs sub-region of Sydney has shown the strongest performance so far this week, with 84.3% of the 109 reported results selling, with 20 remaining results yet to be collected.
<a href="/images/2015/10/26/20151026-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/26/20151026-Sydney.jpg" alt="" width="704" height="475">
 
In Brisbane, 223 auctions were held this week and a clearance rate of 54.8 % was recorded. Looking at last week, volumes were lower with 145 properties taken to auction and a clearance rate of 47.6%. Over the same week last year, 46.3% of the 211 auctions were successful. The Gold Coast saw 71.4% of the 21 reported auctions sell this week.
<a href="/images/2015/10/26/20151026-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/26/20151026-Brisbane.jpg" alt="" width="795" height="530">
 
This week, Adelaide recorded a preliminary clearance rate of 74.6%; with 67 reported results across a total of 103 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 67.5% and 56.5% one year ago.
<a href="/images/2015/10/26/20151026-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/26/20151026-Adelaide.jpg" alt="" width="814" height="552">
 
There were 33 Perth auctions this week and so far 16 results have been reported, with just 31.3%selling. Last week there was a 46.2% clearance rate for Perth although only 16 auctions were held.
Canberra’s preliminary auction clearance rate of 67.6% this week is similar to last week, when the final auction clearance rate was 68.0% and higher than the 58.3% recorded last year.
Of the 8 Tasmanian auction results reported so far this week, 4 sales have been recorded.
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Melbourne’s clearance rate falls below 70%: CoreLogic RP Data's Shana Miller

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So far this week, 2,127 capital city auction results have been reported to CoreLogic RP Data, resulting in a preliminary auction clearance rate of 72.1% across the combined capital cities. 
There were a total of 2,615 capital city auctions held this week. This week’s result indicates that clearance rates are no longer tracking higher than they were one year ago, when the final auction clearance rate over the week was 72.3% across 2,080 auctions. Over the previous week there were 2,297 auctions with a clearance rate of 73.2%.
<a href="/images/2015/09/14/20150914-Capital-city.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/14/20150914-Capital-city.jpg" alt="" width="840" height="635">
 
In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 73.7% was recorded across 1,181 auctions this week. Last week, Melbourne’s final clearance rate was recorded at 75.1% across 992 auctions, while this time last year, 1,018 properties were taken to auction across Melbourne and a clearance rate of 73.4% was recorded. The busiest Melbourne sub-regions this week were Melbourne’s Inner region and the Inner South region, where 248 and 210 auctions were held respectively. Across these two sub-regions, the preliminary clearance rates were 71.2% across the Inner region and 71.8 per cent across the Inner South.
<a href="/images/2015/09/14/20150914-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/14/20150914-Melbourne.jpg" alt="" width="817" height="545">
 
Sydney’s preliminary auction clearance rate was 75.1% this week, the 10th week in a row where Sydney has recorded a result below 80%. Last week, Sydney’s clearance rate was 76.9%, while one year ago, results show that 78.4% of Sydney homes taken to auction were successful. In terms of the number of auctions across the city, this week volumes were higher, up to 1,046 from 1,023 last week. One year ago just 743 Sydney homes were taken to auction over the week. The Northern Beaches sub-region of Sydney has shown the strongest performance so far this week, with 84.4% of the 45 reported results selling, with 18 remaining results yet to be collected.
<a href="/images/2015/09/14/20150914-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/14/20150914-Sydney.jpg" alt="" width="828" height="561">
 
Brisbane’s preliminary clearance rate this week was 54.9%, up from 42.9 per cent last week. There were 178 Brisbane auctions this week, compared to 130 last week. The Gold Coast was host to 73 auctions this week. Based on the results reported to CoreLogic RP Data so far, 46.5% have been sold.
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<img src="/images/2015/09/14/20150914-Brisbane.jpg" alt="" width="808" height="548">
 
This week, Adelaide saw a preliminary clearance rate of 62.0%, with 71 reported results across a total of 88 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 69.5% and 64.3% one year ago.
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<img src="/images/2015/09/14/20150914-Adelaide.jpg" alt="" width="799" height="536">
 
There were 35 Perth auctions this week and so far 13 results have been reported, with 61.5% selling. Last week there was a 36%clearance rate for Perth.
Across Canberra a total of 79 auctions were held this week, compared to 52 last week and 51 at the same time last year. Canberra’s preliminary clearance rate of 63.6% is lower than it was the previous week (71.7%).
In Tasmania, 5 auctions were reported to CoreLogic RP Data with 4 sales. Last week, 5 auctions were reported with only 1 sale.
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