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.

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.

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.

<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.

[smartcode_project:default project_id=114246 project_image_fid=378718]

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.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"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.

"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.

"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."

[smartcode_project:default project_id=114246 project_image_fid=378713]

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.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

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.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"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."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"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."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

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.

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.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"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.

"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."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<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.

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.

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.

[smartcode_project:default project_id=149951 project_image_fid=377072]

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.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“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.”

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.

<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" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

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.

“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.

“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.”

“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.”

<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" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

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.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

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.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

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.

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.

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.

<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" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

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.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

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.

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.

<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" />

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.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

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.

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.

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.

<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." />

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Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

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.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

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

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.

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.

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.

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.

[smartcode_project:default project_id=95606 project_image_fid=378731]

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.

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.

[smartcode_project:default project_id=95606 project_image_fid=378732]

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.

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.

“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.

“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.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“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.

“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.”

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.

“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.

“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.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

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.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<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.

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.

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.

[smartcode_project:default project_id=509 project_image_fid=365685]

"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.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"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."

[smartcode_project:default project_id=509 project_image_fid=368869]

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.

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.

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.

[smartcode_project:default project_id=509 project_image_fid=365689]

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.

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.

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.

"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.

[smartcode_project:default project_id=509 project_image_fid=368872]

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.

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.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

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

Auctions

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<div>Two neglected terraces houses in adjoining inner city suburbs went to auction last night, each having their own terribly sad tale.</div>
<div> </div>
<div>Both seemed set to be pretty much a battle of builders to secure the home improvements project in Paddington and Surry Hills.</div>
<div> </div>
<div>The run down Paddington terrace on 50 sqm in Sydney's prestigious inner east suburb secured $1 million at auction through Di Jones selling agent Adam McKay.</div>
<div> </div>
<div>The Paddington property originally had an auction guide of $750,000 but the auction guide was cautiously updated to $800,000.</div>
<div> </div>
<div>
The tradie's got beat as sold for $1 million to a professional home decorator who beat off very strong tradie buyer interest.
<div> </div>
<div>"I like to do up old homes," the (unnamed) Rozelle buyer said. "I've already called my builder. He will do a good job, and I will enjoy living there," she said after the auction win.
</div>
<div> </div>
<div>Yellow work vests and steel capped work boots galore at the auction in the upmarket auction room.</div>
<div> </div>
<div>The tradie underbidder was at $975,000. </div>
<div> </div>
<div>The opening $400,000 offer was refused, so bidding instead got under way at $675,000 on the Iris Street offering.
</div>
</div>
<div> </div>
<div>McKay noted the prospective budget for even the most essential renovation kept most young families from participating in the auction, despite the price being well below the norm.</div>
<div>
<div>
 Paddo's median house price sits around the $1.7 million mark, according to CoreLogic RP Data. It is $1.4 million in Surry Hills.
</div>
</div>
<div> </div>
<div>Renovation costs are currently soaring in Sydney, up eight percent year on year, compared to a national increase of only 1.5 percent, according to a recent report by services marketplace Serviceseeking.com.au.
</div>
<div> </div>
<div>Carpentry and building saw the largest price increases, up 26 percent and 18 percent due to the labour shortages in the state.</div>
<div> </div>
<div>There are two bedrooms, one bathroom and no toilet as such in the home previously owned by late artist Christina Coombes.</div>
<div>
The property was involved in a bizarre court case where an Iraqi refugee tried to claim the dank hovel by suggesting he was Christina's lover, cat minder and dancing partner for 17 years.
Christina's neighbours intervened and said that he was nothing more than a fruit and junk salesman who occasionally sold items to her.
Christina bought the property with her late butcher husband Kenneth Coombes in 1965 for £3,200.
</div>
<div>Fewer and fewer property in such disrepair - often with the old time dunny in the back yard - now come on to the market given the decades of million dollar makeovers that owners have undertaken in what is perhaps Sydney's most primped and primed suburb.</div>
<div>
<div> </div>
<div>Nothing these days under $1 million.
</div>
<div> </div>
<div>
The Surry Hills offering came with its own tale with the woman Sydney forgot to be honoured by the man who bought her terrace house for $1,105,000.
</div>
<div>
Natalie Jean Wood’s skeletal ­remains were found in 2011 in her dilapidated Surry Hills home, where they had lain undiscovered for almost eight years. She was 86 years old.
Her terrace house at 139 Kippax St, described by real estate agents at PRDnationwide Perez Real Estate as completely ­uninhabitable, sold at auction.
“I felt very sad by the story and I’m going to find her grave and leave flowers on it,” the buyer told The Daily Telegraph.
“It just goes to show how sad it is that people aren’t close to their neighbours any more. I won’t forget her.”
Before the auction, agent Corrinne Olsen said she expected the deceased estate to go for about $600,000 to $700,000 based on early interest.
“I thought at most it would go for $850,000,” she said.
There were 28 registered buyers.
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</div>
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jchancellor-FAypfDUnLy

Sydney's timewarp inner city auctions attract strong buyer interest

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The preliminary clearance rate for the Gold Coast is at 50 percent for the week ending February 21, according to CoreLogic RP Data.
Queensland's Sunshine Coast came in at 63.2 percent, Victoria's Geelong at 66.7 percent and Wollongong at 72.2 percent.
<a href="/images/2016/02/22/Screen%20Shot%202016-02-22%20at%2012.38.43%20PM.png" target="_blank">Click to enlarge</a>
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mick.cee-iDmgDDAmu8

Gold Coast clearance rate at 50 percent: CoreLogic RP Data

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Melbourne's preliminary auction clearance rate came in at 73 percent for the week ending February 21, according to CoreLogic RP Data.
The best performing region was the Outer East with a clearance rate of 79.6 percent, with all regions but the Mornington Peninsula posting clearance rates of at least 70 percent.
The Mornington Peninsula preliminary clearance rate came in at 62.5 percent.
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Outer East Melbourne posts 79.6 percent clearance rate: CoreLogic RP Data

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Despite the higher than expected clearance rates over the early phase of the new year auction market, auction volumes are yet to reach the same levels seen last year.  
After the weighted capital city average auction clearance rate was tracking in the high 50 percent range throughout December last year, auction results have shown a higher than expected bounce, with the clearance rate holding higher than 70 percent over the past three weeks. The preliminary clearance rate of 72.3 percent has moved higher compared to last week (71.8 percent). 
This week’s preliminary clearance rate is lower relative to last year’s results of 77.3 percent. This week, 2,215 capital city auctions took place, compared to 1,400 last week and 2,372 one year ago. Over the next few weeks it is expected that auction activity will continue to ramp up which will further test the resilience of auction markets on higher volumes.
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 <img src="/images/2016/02/22/20160222-Capital-city.jpg" alt="" width="702" height="527">
This week Melbourne’s preliminary auction clearance rate was 73.0 percent. Melbourne’s auction volumes continue to climb, up from 556 last week to 1,057 this week, which is similar to last year (1,074). On a year to date basis, Melbourne’s auction activity is just -1.4 percent lower than over the same period last year. This week, Inner Melbourne (234), Inner South Melbourne (157) and Inner East Melbourne (146) were the busiest sub-regions across the city, however the best performing region in terms of clearance rate was the Outer East, where 54 auctions were reported with a clearance rate of 79.6 percent. All regions with the exclusion of Mornington Peninsula (62.5 percent) saw clearance rates of at least 70 percent this week.
 
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<img src="/images/2016/02/22/20160222-Melbourne.jpg" alt="" width="662" height="442">
After recording the highest clearance rate for the city since August 2015 last week (78.1 percent), Sydney’s preliminary results show that the clearance rate for the city has slipped slightly lower this week, currently recorded at 77.2 percent. This week 724 auctions were being tracked across the city, higher than the 513 last week, but lower than one year ago when 921 auctions were held across the city. Having recorded a relatively strong clearance rate for the past three weeks, it will be interesting to see if strength is maintained as auction volumes pass the 1,000 mark over the coming weeks.  
Preliminary results show that the performance of each individual sub-region across the city is diverse, with clearance rates as low as 50 percent In Baulkham Hills and Hawkesbury (albeit on a very low volume of auctions with just 12 results reported) and as strong as 88.2 percent for the City and Inner South Region and 88 percent across the Eastern Suburbs.
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<img src="/images/2016/02/22/20160222-Sydney.jpg" alt="" width="713" height="485">
 
The preliminary clearance rate for Brisbane was 54.5 percent this week, compared to a final auction clearance rate of 48.4 percent last week and a stronger 63.6 percent last year. More homes went to auction this week (169) compared to last week (111) and relative to last year (119). This week’s preliminary clearance rate for the Gold Coast across the 18 reported results is 50 percent.
<a href="/images/2016/02/22/20160222-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/22/20160222-Brisbane.jpg" alt="" width="796" height="532">
 
69.9 percent of Adelaide auctions were successful this week, based on preliminary results. Last week a clearance rate of 75 percent was reported and one year ago it was significantly lower at 53.3 percent, however Adelaide’s clearance rate tends to move more than cities with larger auction volumes on a week on week basis.
<a href="/images/2016/02/22/20160222-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/22/20160222-Adelaide.jpg" alt="" width="804" height="545">
 
<h1 class="title">Preliminary clearance rate edges slightly higher to 72.3 per cent while auction volumes remain lower than last year</h1>
<div class="post-meta">
by <a href="https://blog.corelogic.com.au/author/shana-miller/" title="Posts by Shana Miller" rel="author">Shana Miller</a> on <abbr class="date time published" title="2016-02-22T09:33:13+1100">February 22, 2016</abbr>  in <a href="https://blog.corelogic.com.au/category/auction-results/">Auction results</a>, <a href="https://blog.corelogic.com.au/category/national-market/">National Market</a>
</div>
<div class="entry">
<a id="dd_start" href=""></a>
Despite the higher than expected clearance rates over the early phase of the new year auction market, auction volumes are yet to reach the same levels seen last year.  After the weighted capital city average auction clearance rate was tracking in the high 50 per cent range throughout December last year, auction results have shown a higher than expected bounce, with the clearance rate holding higher than 70 per cent over the past three weeks.  The preliminary clearance rate of 72.3 per cent has moved higher compared to last week (71.8 per cent). This week’s preliminary clearance rate is lower relative to last year’s results of 77.3 per cent. This week, 2,215 capital city auctions took place, compared to 1,400 last week and 2,372 one year ago. Over the next few weeks it is expected that auction activity will continue to ramp up which will further test the resilience of auction markets on higher volumes.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Capital-city.jpg" rel="attachment wp-att-6340"><img class="aligncenter size-full wp-image-6340" src="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Capital-city.jpg" alt="20160222 Capital city" width="979" height="735"></a>
This week Melbourne’s preliminary auction clearance rate was 73.0 per cent. Melbourne’s auction volumes continue to climb, up from 556 last week to 1,057 this week, which is similar to last year (1,074). On a year to date basis, Melbourne’s auction activity is just -1.4 per cent lower than over the same period last year. This week, Inner Melbourne (234), Inner South Melbourne (157) and Inner East Melbourne (146) were the busiest sub-regions across the city, however the best performing region in terms of clearance rate was the Outer East, where 54 auctions were reported with a clearance rate of 79.6 per cent. All regions with the exclusion of Mornington Peninsula (62.5 per cent) saw clearance rates of at least 70 per cent this week.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Melbourne.jpg" rel="attachment wp-att-6341"><img class="aligncenter size-full wp-image-6341" src="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Melbourne.jpg" alt="20160222 Melbourne" width="984" height="657"></a>
After recording the highest clearance rate for the city since August 2015 last week (78.1 per cent), Sydney’s preliminary results show that the clearance rate for the city has slipped slightly lower this week, currently recorded at 77.2 per cent. This week 724 auctions were being tracked across the city, higher than the 513 last week, but lower than one year ago when 921 auctions were held across the city. Having recorded a relatively strong clearance rate for the past three weeks, it will be interesting to see if strength is maintained as auction volumes pass the 1,000 mark over the coming weeks.  Preliminary results show that the performance of each individual sub-region across the city is diverse, with clearance rates as low as 50 per cent In Baulkham Hills and Hawkesbury (albeit on a very low volume of auctions with just 12 results reported) and as strong as 88.2 per cent for the City and Inner South Region and 88 per cent across the Eastern Suburbs.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Sydney.jpg" rel="attachment wp-att-6342"><img class="aligncenter size-full wp-image-6342" src="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Sydney.jpg" alt="20160222 Sydney" width="983" height="669"></a>
The preliminary clearance rate for Brisbane was 54.5 per cent this week, compared to a final auction clearance rate of 48.4 per cent last week and a stronger 63.6 per cent last year. More homes went to auction this week (169) compared to last week (111) and relative to last year (119). This week’s preliminary clearance rate for the Gold Coast across the 18 reported results is 50 per cent.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Brisbane.jpg" rel="attachment wp-att-6339"><img class="aligncenter size-full wp-image-6339" src="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Brisbane.jpg" alt="20160222 Brisbane" width="969" height="648"></a>
69.9 per cent of Adelaide auctions were successful this week, based on preliminary results. Last week a clearance rate of 75 per cent was reported and one year ago it was significantly lower at 53.3 per cent, however Adelaide’s clearance rate tends to move more than cities with larger auction volumes on a week on week basis.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Adelaide.jpg" rel="attachment wp-att-6338"><img class="aligncenter size-full wp-image-6338" src="https://blog.corelogic.com.au/wp-content/uploads/2016/02/20160222-Adelaide.jpg" alt="20160222 Adelaide" width="971" height="658"></a>
Preliminary results show 46.2 percent of Perth auctions sold this week, with 13 reported results so far. In comparison, last week the clearance rate was 31.6 percent, while one year ago 46.4 percent of Perth auctions were successful.
This week auction volumes almost doubled in Canberra, with 104 homes taken to auction, compared to 59 last week. Despite the rise in auction activity, Canberra’s preliminary clearance rate has remained steady at 71.2 percent over the past two weeks. Canberra’s auction market has started 2016 in a relatively strong position, with four consecutive weeks of clearance rates above the 70 per cent mark, similar to what we saw one year ago.
There were 10 auctions across Tasmania this week. Based on preliminary results, five of the six reported auctions were successful.
 
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smiller-vwPjRHTkST

Combined capital city clearance rate edges slightly higher to 72.3 percent: Shana Miller 

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A nondescript $5.71 million Kew home topped the nation's weekend auction results with most of the six bidders planning to bulldoze the five bedroom, two storey brick home. It was built in the 1950s for the family of renowned expat Australian violinist Neville Taweel.
Just kms away from pricey 78 Sackville Street, a Brunswick offering was the nation's cheapest result.
It was the rather plain $216,000 one bedroom, single storey townhouse at 16/6 Garnet Street. Something of a pass the parcel seems to be going on it as had sold only two years ago at $229,500 and even higher at $240,000 in boomtime 2010, being a $240 a week rental in the meantime.
So all the attention fell on a contemporary Hawthorn East offering that was briefly the backdrop on the reality show, The Real Housewives of Melbourne as the rental home of Jackie Gillies, the wife of Silverchair drummer, Ben Gillies. 
A glamorous 1888 Victorian era home – with a 2010 extension by architect Steve Domoney - was their $2500 a week rental in season one on Foxtel.
Marshall White agent James Tostevin expected 2A Harcourt Street to sell for $3.5 million plus with it fetching $4,105,000 million, some $400,000 over reserve at its weekend auction.
Nothing so over the top in Sydney where the strengthening hammer success rate is mostly seeing results within the pre-auction price guidance.
The Sydney clearance rate sat well above 70 percent for the third successive weekend as earlybird sellers secured strong buyer interest.
When it came to affordability however, there were however just the four reported sales at $500,000 or less across Sydney.
A $488,000 sale of a two bedroom fibro at Bradbury, near Campbelltown, was the cheapest result with 15 Bland Street selling to an investor.
It appeared that the weekend auction buyers ignored the week-long headlines around the negative gearing policy uncertainty.
The CoreLogic RP Data capital city results pointed to a continuing or resurgent seller’s market, though auction bidders are being more measured to avoid runaway prices.
 
<a href="/images/2016/02/22/Screen%20Shot%202016-02-22%20at%209.28.17%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/22/Screen%20Shot%202016-02-22%20at%209.28.17%20AM.png" alt="">
Sydney ranked as the strongest mainland capital city over the past week with a 77 per cent success rate.
The scarcity of early February listings has seen the clearance rate bounce off the canvas, well up on being in the 50s last December.
Next strongest mainland capital over the past week was Melbourne at 73 per cent. Melbourne sales yesterday included Helikon, the ornate 1890s Albert Park home of retired radio medico personality Dr Paul Nisselle – broadcaster on 3LO from the early 1980s - which fetched $2.72 million.
It last traded at $1.89 million in 2009.
But Michael Wipfli, the current day Nova FM breakfast presenter, couldn't sell his Armadale home (above) which was passed in at $1.8 million. It last traded at $1.48 million in 2010, when listed with $1.25 million to $1.35 million hopes.
It had been listed through Jellis Craig agent Simon Dale with price expectations above $1.7 million, and now listed at $1.95 million.
Last week auction volumes almost doubled in Canberra, with 104 homes taken to auction. Despite the rise in auction activity, Canberra’s preliminary clearance rate has remained steady at 71, now with four consecutive weeks of clearance rates above the 70 per cent mark, similar to early 2015.
The overall national clearance rate of 72 per cent compared to last year’s results of 77 per cent, with Brisbane's results especially dragging the national figure down. 
But only Adelaide's 70 percent clearance rate was above the same level last year.
There are 1200 plus auctions scheduled for next weekend in Melbourne, suggesting an interesting few weeks as auction stock levels face the traditional pre-Easter escalation. Sydney sees 1000 plus weeks coming up.
"Auction activity will continue to ramp up which will test the resilience of auction markets on higher volumes," CoreLogic RP Data's Kevin Brogan noted.
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Nova's Michael Wipfli fails to sell in Armadale

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<h2> </h2>
The REIV is expecting about 1,020 auctions in 259 suburbs this week across Melbourne. The top auction locations this week are in Richmond with 22 auctions, followed by Bentleigh East, Bentleigh and Brighton with 14 auctions in each.
This week will see the first Super Saturday auction weekend since mid-December 2015, with more than 1,000 auctions scheduled.
<table border="0" cellspacing="1" cellpadding="1"><tbody>
<tr>
<td>
Last weekend
</td>
<td>
539 auctions (exc. 10 postponed and 18 withdrawn)
</td>
</tr>
<tr>
<td>
This weekend
</td>
<td>
1,020 auctions
</td>
</tr>
<tr>
<td>
This weekend last year   
</td>
<td>
75% from 973 auctions
</td>
</tr>
</tbody></table>
 
 
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prateek24-ezbwHMbNAk

More than 1,000 auctions expected for week ending Feb 21: REIV

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Auctioneer Damien Cooley will launch the Cooley Auction Centre CBD next Thursday.
The centre will be a venue to trade commercial, industrial, retail, rural, hotel, investment, or residential property in Sydney CBD, said a media release.
The auction room is located on level 5 of One Margaret Street Sydney building. It will be the premier location to auction real estate.
“We are passionate and dedicated to providing the best service for our clients and we are very excited to launch this premier auction venue in the CBD,” said Cooley.
The company says it is the largest independent auction company in Australia, conducting more than 6,000 auctions annually.
The new auction centre is equipped with high definition audio-visual displays and has purpose-built premium meeting rooms. 
“Agents across all commercial property sectors, including retail, industrial, rural, hotels and more can rely on our weekly auctions providing the perfect platform to represent their clients and to achieve the very best results.” 
Director and auctioneer Damien Cooley started Cooley Auctions over a decade back.
The company says it has a market share of more than 40% in the Sydney Eastern Suburbs market. In the 2014/15 financial year, Damien Cooley was personally booked to auction 2,220 properties and sold a $2.2 billion worth of real estate.
Last year, he was awarded Auctioneer of the Year at the Australian Real Estate Business Awards. 
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jonathanchancellor-7SQnKwU6yx

Damien Cooley set to launch auction venue in Sydney CBD 

<html><body>
A clearance rate of 77 percent was recorded this weekend compared to 73 percent last weekend across Melbourne, and 72 percent this weekend last year.
There were 429 auctions reported to the REIV, with 332 selling and 97 being passed in, 39 of those on a vendor bid.
"The auction market has started strongly with far higher clearance rates than this time last year," Enzo Raimondo, the REIV chief noted.
 
<div class="title">
<h2 class="title pull-left">REIV Top House Sales</h2>
</div>
<div class="row">
<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">
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>13 Yarra St HAWTHORN</td>
<td>$2,625,000</td>
</tr>
<tr>
<td>3 Dendy St BRIGHTON</td>
<td>$2,220,000</td>
</tr>
<tr>
<td>13 Stanley Gr CANTERBURY</td>
<td>$2,217,500</td>
</tr>
<tr>
<td>10 Wallis Av GLEN IRIS</td>
<td>$2,205,000</td>
</tr>
<tr>
<td>20 Smith Rd CAMBERWELL</td>
<td>$2,180,000</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">Top Apartment Sales</h4>
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>1/6 Davis Av CAMBERWELL</td>
<td>$1,860,000</td>
</tr>
<tr>
<td>3/38 Lawrence St BRIGHTON</td>
<td>$1,647,500</td>
</tr>
<tr>
<td>7A Denman Av GLEN IRIS</td>
<td>$1,310,000</td>
</tr>
<tr>
<td>2/251 Barkly St ST KILDA</td>
<td>$1,220,000</td>
</tr>
<tr>
<td>1/22 The Highway MOUNT WAVERLEY</td>
<td>$1,200,000</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
 
<div class="row">
<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 House Sales</h4>
<table class="table table-striped">
<thead><tr>
<th>Location</th>
<th>Price</th>
</tr></thead>
<tbody>
<tr>
<td>9 Charles St NEWCOMB</td>
<td>$265,000</td>
</tr>
<tr>
<td>15 Hakea Av ROSEBUD WEST</td>
<td>$330,000</td>
</tr>
<tr>
<td>7 Joules Ct DEER PARK</td>
<td>$356,000</td>
</tr>
<tr>
<td>8 Chelmsford Ct CRAIGIEBURN</td>
<td>$385,000</td>
</tr>
<tr>
<td>345 Sandy Rd ST ANDREWS BEACH</td>
<td>$385,000</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>1030/43 Therry St MELBOURNE</td>
<td>$170,000</td>
</tr>
<tr>
<td>22/151 Princes Hwy DANDENONG</td>
<td>$179,800</td>
</tr>
<tr>
<td>4/49 Potter St DANDENONG</td>
<td>$203,000</td>
</tr>
<tr>
<td>23/294 Nicholson St SEDDON</td>
<td>$215,000</td>
</tr>
<tr>
<td>15/37 Osborne Av GLEN IRIS</td>
<td>$282,500</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
</div>
 
<div>
SOURCE REIV 
</div>
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Hawthorn Edwardian home takes top price: REIV

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The preliminary auction clearance rate once again surprised on the upside, rising to 72.3 per cent this week, compared to 70.1 per cent last week and 74.0 per cent over the same week one year ago.  
Sydney has shown a remarkable bounce in clearance rates over the past few weeks, recording a 78.6 per cent preliminary clearance rate last week, compared with clearances that were tracking in the high 50 percent range during December last year. 
So far this week, CoreLogic RP Data has captured a total of 1,020 auction results with 1,331 having been scheduled across the nation’s capitals. Auction volumes are higher than they were last week when 916 residential homes were taken to auction, however they are still tracking below the volume recorded over the relative week last year (1,541).
<a href="/images/2016/02/15/20160215-Capital-city.jpg" target="_blank"> Click to enlarge</a>
<img src="/images/2016/02/15/20160215-Capital-city.jpg" alt="" width="545" height="411">
 
There were 539 Melbourne auctions this week, 268 last week and 584 over the same week last year. Of the 440 reported results, 73.6 per cent were successful, lower than the 77.6 per cent clearance rate last week and higher than one year ago when 70.9 per cent of reported auctions were successful. Melbourne’s auction clearance rate has fallen below Sydney’s for the first time since mid-September last year. This week, the strongest performing Melbourne sub-region was the Inner East, with a clearance rate of 81.4 per cent across 52 auctions. Following on from this, Inner South, West and Mornington Peninsula all recorded a clearance rate above the 75 per cent mark.
<a href="/images/2016/02/15/20160215-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/20160215-Melbourne.jpg" alt="" width="670" height="452">
 
Across Sydney, the nation’s second largest capital city auction market, there were 469 auctions held this week with a preliminary clearance rate of 78.6 per cent. Last week, Sydney’s clearance rate was lower at 75.0 per cent; auction volumes were also lower, with just 313 homes taken to auction over the period. Conditions across Sydney were relatively different one year ago, 662 auctions were held and 83.3 per cent were successful. Across the individual sub-regions of the city, North Sydney and Hornsby (92.5 per cent), City and Inner South (89.1 per cent) and Eastern Suburbs (88.3 per cent) were the strongest performers, while the weakest performing sub-region was South West, with a clearance rate of 52.9 per cent.
<a href="/images/2016/02/15/20160215-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/20160215-Sydney.jpg" alt="" width="596" height="404">
 
Brisbane’s preliminary clearance rate was 53.3 per cent this week, compared to 54.0 per cent last week and 49.5 per cent one year ago. The city was host to 110 auctions, similar to last week when 111 were held. In comparison, 38.5 per cent of the reported Gold Coast auctions were successful this week, with 26 results reported so far.
<a href="/images/2016/02/15/20160215-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/20160215-Brisbane.jpg" alt="" width="657" height="438">
 
Across Adelaide, the preliminary auction clearance rate for this week is 81.4 per cent, up from 70.5 per cent last week and higher than one year ago (69.0 per cent). This week 87 residential homes across Adelaide were taken to auction, bringing the year to date number of auctions across the city to 348, compared to 352 last year.
<a href="/images/2016/02/15/20160215-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/20160215-Adelaide.jpg" alt="" width="697" height="473">
25 per cent of Perth’s auctions were successful this week, compared to 35.3 per cent last week and 46.7 per cent one year ago. 45 auctions were held across the city.
In Canberra, a total of 58 homes were taken to auction this week, down from 71 last week and higher than one year ago when 49 homes were auctioned. Canberra’s preliminary clearance rate this week is 73.3 per cent, remaining steady compared to both last week (71.4 per cent) and one year ago (72.3 per cent).
There have been 18 Tasmanian auctions reported to CoreLogic RP Data this week. Of the reported results, 10 have been sold.
 
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Auction clearance rate tracks higher with a preliminary rate of 72.3 per cent: Shana Miller

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<div>One of those photogenic bathing boxes on Brighton beach bettered the Melbourne bayside's price record when $295,000 was paid at weekend auction.</div>
<div>
<a href="https://www.hockingstuart.com.au/BATHING_BOX_62B,_DENDY_STREET_BEACH_BRIGHTON_VIC_3186">Positioned on the Dendy Street foreshore</a>, the record had stood at $285,000 since late last month.
But dig a bit deeper into the ever shifting sands of Melbourne property and not every price is heading skyward.
The cheapest weekend Melbourne auction result represented a significant loss for the vendor.
The inner Melbourne studio apartment fetched $170,000, above the $155,000 pre-auction price guidance, but less than the $282,000 sale in 2011.
The Malaysian based investor vendor had been securing around $288 a week in rental, plus NRAS concessions.
In an unexpected early 2016 auction results twist, CoreLogic RP Data calculated Melbourne’s auction clearance rate has slipped below Sydney’s for the first time since mid-September last year. 
<a href="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.07.50%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.07.50%20AM.png" alt="">
No surprise Sydney topped the nation's weekend auction prices when $3.63 million was paid in Lindfield on its upper north shore. The 2010 Harvey Little-renovated four bedroom brick Lindfield home traded at $3.18 million two years ago, reflecting a nice six percent annual price gain.
<a href="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.04.06%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.04.06%20AM.png" alt="">
A $3.175 million Unley Park, Adelaide sale also easily exceeded Melbourne's top sale of $2.625 million in Hawthorn. The 1910 Edwardian Hawthorn home, that last sold in 1988 at $331,000, helped Melbourne's inner east as the strongest performing Melbourne sub-region with a formidable 81 per cent clearance rate across 52 auctions.
"There really is bugger all quality stock on offer right now," Melbourne buyer's agent Mal James suggested.
Not entirely the case as My Super Nanny childcare entrepreneur Stephanie Wakefield's Hampton property fetched $1.66 million on Saturday.
The fashionably styled home was listed with initial $1.5 million plus hopes, which were then revised up to $1.6 million plus.
In Sydney many buyers seemingly aren't waiting for the auction.
Australian test cricket vice captain David Warner and his wife Candice secured a bullish $7 million plus sale of their South Coogee home three weeks ahead of its intended auction.
The sale was easily above the $6.25 million paid two years ago by the couple who listed following their $4 million purchase of a oceanfront building block in Maroubra. 
After a shocking January kickoff, Sydney's Saturday auction clearance rate remained above 70 percent for the second successive weekend, suggesting the earlybirds vendors will do fine while stock levels stay low.
Volumes are set to ramp up shortly ahead of the earlier than usual Easter break.
But currently new listings in Sydney are at their lowest level for this time of year since 2012, according to CoreLogic RP Data.
Big differences are emerging though across the regions as North Sydney and Hornsby are sitting on a 92 per cent success rate while the South West secured just 52 per cent over the week to February 14. 
CoreLogic RP Data notes Sydney had shown a "remarkable bounce" in clearance rates, recording a 78 per cent preliminary clearance rate over the last week, compared with clearances that were tracking in the high 50 per cent range last December.  
<a href="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.05.21%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
<img src="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.05.21%20AM.png" alt="">
The national preliminary auction clearance rate once again surprised on the upside, rising to 72 per cent this week, compared to 70 per cent last week and 74 per cent over the same week one year ago.
The 1330 national auction volumes are higher than they were last week's 916 residential homes were taken to auction, however they are still tracking below the 1540 volume recorded over the same week last February. 
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