Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Auctions

<html><body>
Sydney's top weekend auction sale was in Randwick at $5.15 million.
Just the two bidders, though many others took contracts from agent Debbie Donnelly at Phillips Pantzer Donnelley.
With bidding starting with a vendor bid of $5 million, a local family outbid an expatriate family.
She had more than 300 groups inspect the house during the campaign, with people attracted by the land size and the single-level layout of the renovated house.
<img src="https://i2.au.reastatic.net/800x600/e094166eb7e1940995e9b3bb758c1102fe11f0c9931875d80407df725bb0170a/image3.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="2">
Set close to the edge of Centennial Park and Queens Park, the ultra spacious single-level Federation home (photographed above and below) has been renovated and extended on a 835 sqm block surrounded by tall clipped hedges and manicured gardens.
<img src="https://i2.au.reastatic.net/800x600/1152dcbd27e639f3004701319a17817b71b603806cf3777bb0fd9667c74d9671/image7.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="6">
The property has only one neighbouring home due to its side frontage on Huddart Lane and rear frontage on Dangar Lane.
<div>Sydney’s home auction market fell sharply at the weekend weighed down by a record number of August weekend auction listings.</div>
<div> </div>
<div>Sydney reported a clearance rate of 75.4 percent on Saturday, well below the 79.5 percent recorded the previous weekend and also significantly below the 80.4 percent recorded over the same weekend last year. </div>
<div> </div>
<div>APM reported Saturday's result was the lowest of the year so far and well below the peak rate of 89.2 percent recorded on the May 9 weekend.</div>
<div> </div>
<div>"Sydney clearance rates have been trending downwards over the past two months which contrasts to the same period last year when clearance rates began to rise sharply," APM senior economist Dr Andrew Wilson said.
<div> </div>
<div>"Saturdays weakened result may reflect an extraordinary surge in auction listings with buyers offered unprecedented choice for a late winter market.</div>
<div> </div>
<div>"Some 848 homes were offered for auction which is a record for an August Saturday and well ahead of the previous record of 648 set just last weekend.</div>
<div> </div>
<div>"The weekend auctions numbers were nearly double the 429 auctions conducted as vendors flood the market driven by perceptions of still strong selling conditions.</div>
<div> </div>
<div>"More stern tests await the fading Sydney market with over 700 auctions again scheduled for next weekend," Dr Wilson said.</div>
 
</div>
<img src="https://i3.au.reastatic.net/800x600/4826b349671d914cb7ccb389d04f6bd3128bf04a4c0c2008a831ca62fe2473d3/main.jpg" alt="1 Dangar Street, Randwick" title="1 Dangar Street, Randwick" data-index="0">
<h2>Auction highlights this week</h2>
Saturday, 8 August 2015
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City</th>
<th colspan="2">Location</th>
<th>Sold</th>
</tr></thead>
<tbody>
<tr>
<td colspan="2">
Most expensive
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">1 Dangar St, Randwick NSW 2031, 4 br House, PhillipsPantzer Donnelley</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$5,150,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">41 Atkins St, Kew VIC 3101, 3 br House, Jellis Craig Hawthorn</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$4,325,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">3 Hulbert St, Hove SA 5048, 5 br House, Gary J Smith RE Glenelg</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$950,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">21 Outlook Cr, Bardon QLD 4065, 4 br House, Place West</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,150,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">18 Dirrawan Gdns, Reid ACT 2612, 4 br House, IPG Woden Weston Creek</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,900,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">70 Manoa Rd, Halekulani NSW 2262, 3 br House, Coastlink Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$308,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">C16/1-5 Grantham St, Brunswick West VIC 3055, 1 br Unit, Pagan Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$165,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">5 Florence Tce, Rosewater SA 5013, 3 br House, LJH West Lakes</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$336,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">11 Rosemary St, Caboolture South QLD 4510, 3 br House, PRD Moreton</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$225,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">31 Mellor Cct, Florey ACT 2615, 3 br House, FN Capital</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$470,000</td>
</tr>
</tbody>
</table>
Source APM 
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jchancellor-FAypfDUnLy

Randwick top sale at $5.15 million through Phillips Pantzer Donnelley

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A Warwick Farm sale at $340,000 was the cheapest Sydney sale on the bumper auction weekend.
Currently tenanted at $290 per week rental return, it sold to a Liverpool Hospital nurse first time buyer who will keep the tenancy, but move in later.
The price of the 65 sqm two bedroom, one bathroom apartment reflected a 4.4% rental yield.
<img src="https://i3.au.reastatic.net/800x600/58bba93d53cc83a47f8442936b1ce3d724c545be3e49700358fe083a6d54103b/main.jpg" alt="4/5 Lachlan Street, Warwick Farm" title="4/5 Lachlan Street, Warwick Farm" data-index="0">
The early 1970s last sold in June 2013 at $234,500, but without any alterations in the meantime.
The sale - at 18% annualised price appreciation - was secured by McGrath agent Camden agent Glen Craigie and Rick Mancini.
Glen Craigie told Property Observer he'd adjusted his price expectations slightly lower - from $320,000plus to $299,000 plus - during the auction campaign given the amount of competing stock that came on the market which offered investors greater choice.
<img src="https://i2.au.reastatic.net/800x600/8f1730a3eb23ff01db5d1aff8d9a5f01aac67be80a0047833408324d97eb69c9/image3.jpg" alt="4/5 Lachlan Street, Warwick Farm" title="4/5 Lachlan Street, Warwick Farm" data-index="2">
There were five registered to bid, but just two bid after the $270,000 opening offer.
There were 11 sales under $500,000 across Sydney amid the 800 plus weekend auction offerings.
The cheapest notified auction sale was outside Sydney at Halekulani, near Budgewoi at $308,000 for 70 Manoa Road. 
<img src="https://i1.au.reastatic.net/456x342/c6e3e9de9a7817f6a2f2ebf560d796602eeb8a98370fbdb8a56ba4eadac38fa2/main.jpg" alt="70 Manoa Road, Halekulani" title="70 Manoa Road, Halekulani" data-index="0">
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Warwick Farm $340,000 sale as Sydney bumper auction weekend's cheapest

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CoreLogic RP Data’s preliminary auction clearance rate was recorded at 77.0 per cent this week, across a total of 1,790 reported auctions. Auction volumes rose over the week, up from 1,903 the previous week to 2,378 this week, the largest number of capital city auctions held since 10 weeks ago. 
Along with the increase in the number of homes taken to auction, the preliminary clearance rate this week (77.0 per cent) was also higher than the previous week (74.6 per cent) and conditions across the auction market remain stronger than they were one year ago, when 68.0 per cent of the 1,555 homes taken to auction sold.
<a href="/images/2015/08/10/20150810-capital-city.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/10/20150810-capital-city.jpg" alt="" width="680" height="508">
 
As Australia’s largest auction market, Melbourne’s auction market remained strong this week, with a preliminary clearance rate of 78.6 per cent, compared to the previous week, when the clearance rate for the city was 78.2 per cent. The number of homes taken to auction in Melbourne this week was 1,057, up from 787 last week. One year ago, Melbourne’s auction clearance rate was 69.6 per cent across 774 auctions. Across the individual sub-regions of Melbourne, there were three regions where the clearance rate was over 80 per cent this week; Inner Melbourne (80.5 per cent), Inner East Melbourne (81.1 per cent) and Outer East Melbourne (85.6 per cent).
<a href="/images/2015/08/10/20150810-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/10/20150810-Melbourne.jpg" alt="" width="700" height="475">
 
After its record strong performance at the start of the year, Sydney’s auction market is starting to show some signs of slowing down. In saying this, Sydney’s preliminary results this week showing that 77.8 per cent of the 711 reported results sold. In comparison, last week 76.0 per cent of Sydney auctions were successful, while last year the clearance rate was 74.7 per cent. The number of auctions across the city is much higher this week (1,008) than last week (825) and substantially higher than at the same time last year when just 530 homes went to auction. This week, the two strongest performing Sydney sub-regions were Northern Beaches and Inner West, where more than 93 per cent of the reported results for each region were successful.
<a href="/images/2015/08/10/20150810-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/10/20150810-Sydney.jpg" alt="" width="778" height="535">
 
Brisbane’s preliminary clearance rate this week was 61.8 per cent, up from 57.9 per cent last week and significantly stronger than the 33.3 per cent from one year ago. There were 141 auctions across the city this week, similar to the number held last week (144) and higher than the 123 held one year ago. Further south of Brisbane, the Gold Coast saw 14 auction results reported this week, with 35.7 per cent selling.
<a href="/images/2015/08/10/20150810-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/10/20150810-Brisbane.jpg" alt="" width="721" height="486">
 
This week, Adelaide’s preliminary clearance rate was 81.4 per cent, a strong result for the city with 43 results from the 76 auction reported so far. In comparison, last week’s clearance rate for the city was 67.7 per cent and 69.1 per cent at the same time last year. The number of auctions across the city remained steady this week, with 76 held this week, compared to 75 last week and 61 at the same time last year.
<a href="/images/2015/08/10/20150810-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/10/20150810-Adelaide.jpg" alt="" width="792" height="538">
 
The preliminary auction clearance rate for Perth was 44.4 per cent this week, with 18 results reported so far. There were 28 Perth auctions held this week, compared to 23 last week, when the final clearance rate was 40.0 per cent and 25 last year, when 57.9 per cent of the auctions were successful.
There were 59 Canberra auctions this week and the preliminary clearance rate of 81.1 per cent is higher than last week (72.2 per cent) and one year ago (55.2 per cent).
So far, 7 Tasmanian auction results have been reported to CoreLogic RP Data and of these 6 were sold.
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smiller-vwPjRHTkST

Adelaide, Canberra, Tasmania preliminary clearance rates above 80%: Shana Miller

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A Punchbowl $375,000 apartment sale was the weekend's cheapest auction price.
Over $349,000 was tipped in all its marketing for the two bedroom ground floor rear at 7/104 Victoria Road.
It was just one of six sales below $500,000 at weekend auction.
It last sold in 2003 at $160,000, reflecting dead on 7% annual price growth.
<img src="https://i1.au.reastatic.net/456x342/6aa6d86b4cca94daec67385878884a7c8f95f73e2b6863c4e2bc049e0b6a9452/main.jpg" alt="7/104 Victoria Road, Punchbowl" title="7/104 Victoria Road, Punchbowl" data-index="0">
Just the one registered attendee secured it in post-auction negotiations, without competition. 
Another investor who had offered $375,000 pre-auction failed to turn up.
The block's last sale in May this year was at $375,000 for a two bedroom ground floor front aspect apartment. It had sold previously at $280,000 in 2013, $205,000 in 2009; and $129,500 in 2001.
"Set in a quiet street in a boutique block of only twelve, it presents an affordable first home or low maintenance investment," its McGrath selling agent George Kapos said.
It was last vacant for rent in October 2014 with a $340 a week rental, reflecting 4.7% yield. 
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Punchbowl $375,000 sale the weekend's cheapest price

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Australian Property Monitors (APM) has released a list of results from auctions in Sydney for Saturday August 1. The clearance rate was 79%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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po-LsXgBTHBmX

APM's Sydney auction results for August 1

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So far this week, 1,494 capital city auction results have been reported to CoreLogic RP Data, resulting in a preliminary auction clearance rate of 75.7% across the combined capital cities. 
There were a total of 1,862 capital city auctions held this week. This week’s result indicates that clearance rates are still tracking higher than they were one year ago, when the final auction clearance rate over the week was 68.9 per cent across 1,473 auctions.
<a href="/images/2015/08/03/20150803-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/03/20150803-Capital-City.jpg" alt="" width="787" height="588">
 
Across Melbourne, this week’s preliminary clearance rate was recorded at 78.6 per cent, up from a recent low of 75.7 per cent last week and remaining well above the clearance rate for the city one year ago (69.0 per cent). This week, Melbourne was host to 760 auctions, significantly lower than the 918 held last week, but higher than a year ago when there were 636 Melbourne auctions held over the week. Of the 9 individual Melbourne sub-regions, this week the strongest performer, in terms of clearance rates, was the Outer West. So far, CoreLogic RP Data has collected 48 results for the region and the preliminary results shows 93.8 per cent of these auctions were successful.
<a href="/images/2015/08/03/20150803-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/03/20150803-Melbourne.jpg" alt="" width="728" height="491">
 
Sydney’s preliminary auction clearance rate was 78.8 per cent this week, the fourth week in a row where Sydney has recorded a result below 80 per cent. Last week, Sydney’s clearance rate was 79.9 per cent, while one year ago results show that 76.7 per cent of Sydney homes taken to auction were successful, showing the gap between this year’s clearance rate and last year’s clearance rate is starting to close. In terms of the number of auctions across the city, this week volumes were lower, down to 816 from 906 last week. One year ago just 588 Sydney homes were taken to auction over the week. The Blacktown sub-region of Sydney has shown the strongest performance so far this week, with 94.4 per cent of the 18 reported results selling, with 2 remaining results yet to be collected.
<a href="/images/2015/08/03/20150803-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/03/20150803-Sydney.jpg" alt="" width="759" height="518">
 
There were 140 Brisbane homes taken to auction this week, with 94 results reported so far. The preliminary clearance rate for the city is 60.6 per cent, up from 54.0 per cent last week and higher than one year ago, when just 36.7 per cent of the 96 properties taken to auction were successful. Across the Gold Coast 44 results have been reported so far, with a success rate of 47.7 per cent (21 sales).
<a href="/images/2015/08/03/20150803-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/03/20150803-Brisbane.jpg" alt="" width="836" height="561">
This week, Adelaide saw a preliminary clearance rate of 71.9 per cent, with 57 reported results across a total of 75 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 58.9 per cent and 61.0 per cent one year ago.
<a href="/images/2015/08/03/20150803-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/03/20150803-Adelaide.jpg" alt="" width="823" height="564">
There were 23 Perth auctions this week, with a preliminary clearance rate of 43.8 per cent. Last week, Perth recorded its strongest auction clearance rate for July, at 52.6 per cent.
Across Canberra a total of 40 auctions were held this week, compared to 49 last week and 28 at the same time last year. Canberra’s preliminary clearance rate of 79.2 per cent is higher than it was the previous week (68.8 per cent).
Of the 6 Tasmanian auction results reported so far this week, 2 sales have been recorded.
 
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Sydney’s clearance rate below 80%: 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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Mount Waverley tops weekend auction activity: REIV

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CoreLogic RP Data has reported a preliminary national auction clearance rate of 75.7% across the combined capital cities after tabulating results in the week ending Saturday August 1, 2015.
There were a total of 1,862 capital city auctions held over the week, most yesterday on Saturday.
The results indicate that clearance rates are still tracking higher than they were one year ago, when the final auction clearance rate over the week was 68.9% across 1,473 auctions.
But there is a weakening as the prior week’s national preliminary clearance rate was 77.7% for late July 2015.
Sydney’s clearance rate sits below 80% for the fourth week in a row, while Melbourne’s clearance rate is stronger compared to last week.
Sydney’s preliminary auction clearance rate was 78.8% across the week, the fourth week in a row where Sydney has recorded a result below 80%.
Last week, Sydney’s clearance rate was 79.9%, while one year ago results show that 76.7% of Sydney homes taken to auction were successful, showing the gap between this year’s clearance rate and last year’s clearance rate is starting to close.
In terms of the number of auctions across the city, this week volumes were lower, down to 816 from 906 last week.
One year ago just 588 Sydney homes were taken to auction over the week.
The Blacktown sub-region of Sydney has shown the strongest performance so far this week, with 94.4% of the 18 reported results selling, with 2 remaining results yet to be collected.
Across Melbourne, the week’s preliminary clearance rate was recorded at 78.6%, up from a recent low of 75.7% last week and remaining well above the clearance rate for the city one year ago (69.0%).
Melbourne hosted 760 auctions, significantly lower than the 918 held last week, but higher than a year ago when there were 636 Melbourne auctions held over the week.
Of the nine individual Melbourne sub-regions, this week the strongest performer, in terms of clearance rates, was the Outer West.
So far, CoreLogic RP Data has collected 48 results for the region and the preliminary results shows 93.8% of these auctions were successful.
Melbourne had several of the cheapest reported sales (pictured below) at $198,000 in Richmond, marketed at $180,000 plus <a href="https://www.realestate.com.au/property-apartment-vic-richmond-120185173" target="_blank">through Biggin &amp; Scott</a>.
<img src="https://i1.au.reastatic.net/456x342/095482d9105ec9e79eb8c5f9ce13b52cc01bbf2acf39c987edf5a169cd93cf9c/main.jpg" alt="1/157 Buckingham Street, Richmond" title="1/157 Buckingham Street, Richmond" data-index="0"> 
There were 140 Brisbane homes taken to auction this week, with 94 results reported so far.
The preliminary clearance rate for the city is 60.6%, up from 54.0% last week and higher than one year ago, when just 36.7% of the 96 properties taken to auction were successful.
Across the Gold Coast 44 results have been reported so far, with a success rate of 47.7% (21 sales).
This week, Adelaide saw a preliminary clearance rate of 71.9%, with 57 reported results across a total of 75 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 58.9% and 61.0% one year ago.
There were 23 Perth auctions this week, with a preliminary clearance rate of 43.8%. Last week, Perth recorded its strongest auction clearance rate for July, at 52.6 %.
Across Canberra a total of 40 auctions were held this week, compared to 49 last week and 28 at the same time last year. Canberra’s preliminary clearance rate of 79.2% is higher than it was the previous week (68.8%).
Of the 6 Tasmanian auction results reported so far this week, 2 sales have been recorded.
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Higher clearance rate than last year, but gap narrowing especially in Sydney

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Prior to this week, the year to date clearance rate across the combined capital cities was 76.9%, indicating that this week’s preliminary clearance rate of 77.7% is performing above this level. 
This week, there were 1,998 auctions held across Australia’s capital cities, with 1,307 results reported so far. Over the previous week, 1,827 residential auctions were held with a clearance rate of 75.4%. In comparison, at the same time last year 67.9% of the 1,705 auctions were sold, indicating the current auction conditions remain stronger than they were one year ago.
<a href="/images/2015/07/29/20150727-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/29/20150727-Capital-City.jpg" alt="" width="789" height="594">
 
The preliminary clearance rate across Melbourne was recorded at 76.5% this week across 638 auction results. There were 845 auctions held across the city this week, up from 759 last week when the final auction clearance rate was recorded at 76.0% and similarly, higher than at the same time last year when there were 736 Melbourne auctions with 68.5% of homes selling. This week, there were 3 sub regions which recorded a clearance rate above 80%; Outer East at 89.0%, North West at 82.5% and North East at 82.2%. The region with the highest volume of auctions this week was the Inner region (141).
<a href="/images/2015/07/29/20150727-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/29/20150727-Melbourne.jpg" alt="" style="line-height: 1.3em;"><a href="/images/2015/07/29/20150727-Melbourne.jpg" target="_blank"></a>
For Sydney, the clearance rate across the city this week increased, up to 82.7% from 79.7% last week and 75.4% at the same time last year. Across the city, 841 homes were taken to auction this week, more than last week (794) and significantly higher than one year ago, when 660 Sydney auctions were held. Since mid-August, Sydney’s auction clearance rate has been trending downwards, after the city has seen a record strong performance over the first six months of the year. Despite this, the clearance rate still remains stronger than any other capital city and there are still sub-regions across the city where the clearance rate remains above the 90 per cent mark including Ryde, Eastern Suburbs, Inner West and City and Inner South.
<a href="/images/2015/07/29/20150727-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/29/20150727-Sydney.jpg" alt="" width="988" height="671">
 
 
 
This week, Brisbane’s preliminary auction clearance rate was 66.0%, compared to 60.2% the previous week and just 44.7% last year. So far, 17 Gold Coast auction results have been reported and the clearance rate for the region is 64.7%.
 
<a href="/images/2015/07/29/20150727-Brisbane.jpg" target="_blank">Click to enlarge</a>
 <img src="/images/2015/07/29/20150727-Brisbane.jpg" alt="">
 
There were 80 Adelaide auctions this week, with a clearance rate of 60.6% across the 33 results reported so far. Last week, Adelaide’s final auction clearance rate was 64.3%, while one year ago the city saw 60.3% of homes taken to auction sell.
<a href="/images/2015/07/29/20150727-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/29/20150727-Adelaide.jpg" alt="" width="948" height="640">
Across Perth, 10 auctions have been reported so far with a clearance rate of 80.0%, compared to just 18.8% last week and 50.0% at the same time last year. Perth’s clearance rate is often subjected to highs and lows given the low volume of auctions across the city.
Canberra’s preliminary clearance rate was 80.0% this week across 25 results. Last week, 82.1% of Canberra auctions were successful, the second strongest result for the city so far this year.
So far this week, 4 Tasmanian auctions have been reported and of these reported results there has been 1 sale.
 
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Brisbane auctions highest preliminary clearance since 2009: CoreLogic RP Data's Shana Miller

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The Outer East region of Melbourne holds an auction clearance rate of 89% from a total of 96 auctions for the week ending 26 July 2015.
Inner Melbourne had the most number of auctions for the week with 141 and a clearance rate of 73.5%, according to the CoreLogic RP Data Property Market Indicator Summary. 
The lowest clearance rate was in the Inner East region, with 69.1% from 76 auctions.
<a href="/images/2015/07/27/Screen%20Shot%202015-07-27%20at%203.30.15%20PM.png" target="_blank">Click to enlarge </a>
<img src="/images/2015/07/27/Screen%20Shot%202015-07-27%20at%203.30.15%20PM.png" alt="">
 
<a href="/images/2015/07/27/Screen%20Shot%202015-07-27%20at%203.30.26%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/27/Screen%20Shot%202015-07-27%20at%203.30.26%20PM.png" alt="" width="833" height="372">
 
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