The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

Auctions

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The Sydney region of Ryde held an auction clearance rate of 100% during the week ending 26 July with a total of 36 auctions.
The Inner South West region had a clearance rate of 84.4% from 158 auctions, according to the CoreLogic RP Data Property Market Summary.
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Sydney had a combined clearance rate of 82.7% from 841 total auctions.
Baulkham Hills and the Hawkesbury region held 33 auctions with a clearance rate of 58.8%.
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mick.cee-iDmgDDAmu8

Ryde holds 100% auction clearance rate: CoreLogic RP Data

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Sydney and Melbourne clearance rates remain strong but continue to trend lower.
But CoreLogic RP Data note Brisbane’s auction market sits at the highest preliminary clearance rate since 2009. 
This week, Brisbane’s preliminary auction clearance rate was 66.0 per cent, compared to 60.2 per cent the previous week and just 44.7 per cent last year. So far, 17 Gold Coast auction results have been reported and the clearance rate for the region is 64.7 per cent. 
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Oaklands, an Ipswich home (below) sold for the first time in a century when <a href="https://www.realestate.com.au/property-house-qld-tivoli-120113625" target="_blank">100 Mt Crosby Rd </a>at Tivoli fetched $650,000 through Ray White Ipswich.
<img src="https://i1.au.reastatic.net/456x342/0e38edc397d82bc5d745aff40a3e8195d3162e1e574449980e3d9907a0d82cb9/main.jpg" alt="100 Mount Crosby Road, Tivoli" title="100 Mount Crosby Road, Tivoli" data-index="0">
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Prior to this week, the year to date national clearance rate across the combined capital cities was 76.9 per cent, indicating that this week’s preliminary clearance rate of 77.7 per cent 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 per cent. In comparison, at the same time last year 67.9 per cent of the 1,705 auctions were sold, indicating the current auction conditions remain stronger than they were one year ago.
The preliminary clearance rate across Melbourne was recorded at 76.5 per cent 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 per cent and similarly, higher than at the same time last year when there were 736 Melbourne auctions with 68.5 per cent of homes selling. This week, there were 3 sub regions which recorded a clearance rate above 80 per cent; Outer East at 89.0 per cent, North West at 82.5 per cent and North East at 82.2 per cent. The region with the highest volume of auctions this week was the Inner region (141).
For Sydney, the clearance rate across the city this week increased, up to 82.7 per cent from 79.7 per cent last week and 75.4 per cent 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.
There were 80 Adelaide auctions this week, with a clearance rate of 60.6 per cent across the 33 results reported so far. Last week, Adelaide’s final auction clearance rate was 64.3 per cent, while one year ago the city saw 60.3 per cent of homes taken to auction sell.
Across Perth, 10 auctions have been reported so far with a clearance rate of 80.0 per cent, compared to just 18.8 per cent last week and 50.0 per cent 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 per cent this week across 25 results. Last week, 82.1 per cent 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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jchancellor-FAypfDUnLy

Brisbane auction success rate on the rise, but Gold Coast even stronger: CoreLogic RP Data

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Strong auction results again this weekend, according to CoreLogic-RP Data. <a href="https://2.bp.blogspot.com/-caVr-pJicB0/VbQb_HcnQzI/AAAAAAAAXKk/JsLhEF8qZZI/s1600/RP1.jpg"><img src="https://2.bp.blogspot.com/-caVr-pJicB0/VbQb_HcnQzI/AAAAAAAAXKk/JsLhEF8qZZI/s640/RP1.jpg" width="640" height="334"></a> 
<div>For Sydney the preliminary clearance rate across the city this week increased, rising to 82.7 per cent from 79.7 per cent last week and 75.4 per cent at the same time last year. </div>
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<div>Sydney's reported clearance rate remains stronger than that of any other capital city.</div>
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<div>There remain sub-regions across Sydney where the clearance rate remains above the 90 per cent mark.</div>
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<div>These include Ryde, the Eastern Suburbs, the Inner West, and the City and Inner South.</div>
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<div>Meanwhile, the Brisbane market continues to recover.</div>
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<div>This week the Brisbane preliminary auction clearance rate was 66.0 per cent, compared to 60.2 per cent the previous week and just 44.7 per cent last year.</div>
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<div>It's has been a long, slow recovery since 2010/11.</div>
 
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Brisbane auction market in recovery: Pete Wargent

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Century 21 Armstrong-Smith secured the recent sale of 11/27 Billyard Avenue, Elizabeth Bay at auction. 
The vendors purchased the property for $615,000 three years ago as a shell and completely renovated to make it <a href="https://www.realestateview.com.au/Real-Estate/11-27-billyard-avenue-elizabeth-bay/Property-Details-buy-residential-8947954" target="_blank">a 75 square metre two bedroom plus study apartment</a>. It is in a 1930s block of 11 apartments.
They had over 240 people inspect the property during the campaign with about 20 contracts issued to potential buyers.
Around 12 registered to bid at the auction. 
The bidding opened at $900,000 and the reserve of $980,000 was soon surpassed with a $1.3 million selling price.
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Elizabeth Bay price doubles after renovation

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A $420,000 Marayong townhouse was Sydney's weekend cheapest sale, according to Australian Property Monitors.
It last sold at $222,500 in 2005, just falling short of doubling over the decade.
It was available for rent in late 2014 at $375 a week, reflecting around 4.6% gross yield.
<img src="https://i1.au.reastatic.net/456x342/35e0e3908879dd08ab96f6b50b23b59cbea602eb57bdf8335f0f16285a3ab6ba/main.jpg" alt="2/49-51 Davis Road, Marayong" title="2/49-51 Davis Road, Marayong" data-index="0">
Harcourts Blacktown agent Andrew Chrysanthou told Property Observer an investor secured the auction offering.
There were eight registered bidders for the two bedroom, one bathroom 1992 townhouse.
It was one of five sales under $500,000 across Sydney over the weekend, the others being apartments at Dee Why, Fairfield West, Freshwater and Kingsford.
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$420,000 Marayong townhouse Sydney's weekend cheapest sale

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The three-time Archibald winner Eric Smith sold his three-bedroom Woollahra home for $2.96 million at weekend auction, close to $500,000 above its $2.5 million reserve at BHR auction. 
The Smith family moved into the double-fronted Victorian home in 1958.
<img src="https://i1.au.reastatic.net/456x342/70e0ce7800be62b8d6e3cf3227cd7de98459573394d5e451a18c9dc6f66f3cb6/main.jpg" alt="5 Small Street, Woollahra" title="5 Small Street, Woollahra" data-index="0">
The studio at the back of the home was where he painted his three Archibald Prize-winning portraits.
The dilapidated cottage and studio on 393 square metres on Small Street sold to an Eastern suburbs builder.
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Artist Eric Smith's Woollahra cottage sells at $2.96 million

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The preliminary weighted national auction clearance rate sits at 77 per cent this week, having increased from a recent low of 74.9 per cent the previous week. 
CoreLogic RP Data noted there have been 1,414 auction results reported until Saturday evening from a total of 1,766 auctions held across the capital cities. 
Last week there were 1,704 capital city auctions, while one year ago there were 1,515 with a clearance rate of 69.3 per cent.
Melbourne’s preliminary auction clearance rate was 74.9 per cent this week, the lowest it has been since mid-February.
The clearance rate this week is down from 77.4 per cent last week, but higher than at the same time last year when the clearance rate was 68.4 per cent. This week there were 729 Melbourne auctions, compared to 655 last week and 674 last year. The strongest performing Melbourne sub-region, based on preliminary results, was the North East region, where 80 results have been reported with a clearance rate of 82.5 per cent.
The preliminary auction clearance rate for Sydney was 82.6 per cent this week, up from 78.8 per cent last week, which was the second lowest clearance rate in the city for 2015. This week the number of homes taken to auction across Sydney remained relatively steady, with 768 auctions compared to 791 last week. At the same time last year, Sydney’s auction market was beginning to gain some momentum, with a clearance rate of 75.2 per cent across 588 auctions. Across Sydney, Inner West (92.7 per cent), Blacktown (90.9 per cent) and Ryde (90.9 per cent) were the strongest performing sub-regions this week.
For Brisbane, the auction clearance rate this week increased from 52.5 per cent last week to 65.4 per cent. This week’s result is also stronger than at the same time last year, when 56.9 per cent of auctions were successful. Meanwhile, across the Gold Coast, 24 results have been reported so far, with a clearance rate of 45.8 per cent.
Across Adelaide, 77 homes were taken to auction this week and of the 49 results, 69.4 per cent were sold. Adelaide’s clearance rate was lower over the previous week (66.1 per cent) and at the same time last year (69.0 per cent).
22.2 per cent of Perth’s reported auctions were sold this week, compared to 33.3 per cent last week and 38.5 per cent the previous week. This week 21 auctions were held across Perth, compared to 26 last week, and just 16 one year ago.
There were 44 Canberra homes taken to auction this week and of the 22 reported results, 86.4 per cent were sold.
Across Tasmania, 6 results were reported to CoreLogic RP Data, with 4 of these properties reported as sold.
 
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Inner west, Blacktown, Ryde top Sydney's strongest auction regions: CoreLogic RP Data

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A Melton home - the weekend's cheapest sale - reflected a loss for the vendor over their six year ownership.
It fetched $247,000 having sold in 2009 at $275,000.
The three bedroom (below) 1990-built home sits on a 680 square metre holding offered through Barry Plant Real Estate. 
Melton's median house price has been in decline for around four years to its <a href="/news">current $240,000 level</a>.
<img src="https://i1.au.reastatic.net/456x342/8147f6d68d3f4ab5ae57a43966ab1005899f6491899fe99956ae0e16a55d419c/main.jpg" alt="48 Centenary Avenue, Melton" title="48 Centenary Avenue, Melton" data-index="0"> 
Melbourne's initial clearance rate sat at 76 per cent this weekend compared to 74 per cent last weekend. The initial clearance rate had been put at 77% last weekend.
It was 70 per cent this weekend last year.
There were 597 auctions reported so far this weekend to the REIV ranging from $180,000 to $3.35 million, for a Camberwell townhouse development site that sold post-auction.
TOP 5 HOUSES 
1. 15 Glencairn Avenue, Camberwell $3,350,000 2. 27 Laburnum Street, Brighton $3,250,000 3. 11 Livingstone Street, Ivanhoe $2,855,000 4. 8 Baily Street, Mount Waverley $2,790,000 5. 29 Fisher Parade, Ascot Vale $2,550,000 
TOP 5 BARGAIN HOUSES 
1. 48 Centenary Avenue, Melton $247,000 2. 16 Bootie Court, Roxburgh Park $330,000 3. 33 Heatherhill Road, Frankston $345,500 4. 47 Ash Street, Doveton $350,000 5. 29 Hurlingham Way, Craigieburn $356,000 TOP 5 APARTMENTS 
1. Lot 1/14 Victoria Crescent, Mont Albert $2,165,000 2. 6.1/193 Domain Road, South Yarra $1,750,000 3. 2/31 Kennealy Street, Surrey Hills $1,210,000 4. 17 Sandford Street, Highett $1,160,000 5. 61A Woornack Road, Carnegie $1,150,000 
TOP 5 BARGAIN APARTMENTS 
1. 45/92 Grey Street, St Kilda $180,000 2. 19/181 Geelong Road, Seddon $218,500 3. 12/6 Garnet Street, Brunswick $225,000 4. 24/15 Acland Street, St Kilda $230,000 5. 7/352 Koornang Road, Carnegie $275,000
SOURCE <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
Enzo Raimondo, the REIV chief reported auction proceeds totalled $365 million.
The clearance rate for houses was 81% with a median price of $838,500 with apartments' clearance rate at 70% and a $597,000 median price.
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Loss making at Melton amid Melbourne's wavering auctions: REIV

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Sydney's preliminary weekend auction success rate bounced up to 83%, but the revised figure for last weekend dipped to 77%.
The revised 77% figure was the lowest for the year, down 3% on the preliminary 80% on the initial June 11 result.
Sydney prices ranged from $420,000 to $4.7 million in the July 18 weekend results which covered 498 of the 605 listings.
Sydney's cold auction day came as the city recorded its busiest ever July auction day.
<div id="Content_Content_propertyPhotos_MainImage_upnlHeroImage">
<div id="Content_Content_propertyPhotos_MainImage_MainImagePlaceholder" class="img-wrapper"><img class="js-first-image" src="https://b.domainstatic.com.au/w800-h600-w900-h600-2012014349_1_pi_150717_070509" alt="53 dorking road cabarita NSW 2137"></div>
</div>
Top sale was a $4.7 million suburb record (above and below) for a seven-bedroom Dorking Road, Cabarita 865-square-metre waterfront property traded just 11 months ago for $3.8 million. 
Nothing much done at the home since last August when sold via expressions of interest, other than 25% plus annualised price growth. It had failed to sell at its $4 million plus hopes at May 2014 auction.
The August 2014 sale was on delayed settlement terms, with the sale finalised in December last year, Property Observer gleans. 
<img src="https://i4.au.reastatic.net/456x342/a2b7b7237dc39a61534f7828f8285e99dea488e96a5ce375d7a82082bd4f1458/image7.jpg" alt="53 Dorking Road, Cabarita" title="53 Dorking Road, Cabarita" data-index="7">
It was marketed with $4 million plus price guidance this time around.
The buyers, who came from Five Dock, saw the property mid-week for the first time.
SPOT THE DIFFERENCE: <a href="https://www.realestate.com.au/property-house-nsw-cabarita-116630479" target="_blank">THEN</a> AND <a href="https://www.realestate.com.au/property-house-nsw-cabarita-119903285" target="_blank">NOW.</a>
<table style="width: 502px; height: 329px;" border="0" cellspacing="0" cellpadding="5"><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">53 Dorking Rd, Cabarita NSW 2137, 7 br House, Devine Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4.7m</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">15 Glencairn Av, Camberwell VIC 3124, 5 br House, Jellis Craig</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$3.35m</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">16 Williams Av, Dulwich SA 5065, 4 br House, Harris Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1.21m</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">4 Oxford St, Paddington QLD 4064, 3 br House, Paddington Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1.485m</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">17 Truscott St, Campbell ACT 2612, 5 br House, Peter Blackshaw </td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1.292m</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">2/49-51 Davis Rd, Marayong NSW 2148, 2 br Townhouse, HAR Unlimited</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$420,000</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">45/92 Grey St, St Kilda VIC 3182, 1 br Studio, Pride Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$180,000</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">3 Winkle St, Elizabeth Downs SA 5113, 3 br House, ELD Playford</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$141,000</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">6 Driftwood St, Crestmead QLD 4132, 3 br House, REMAX First Choice Community</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$235,500</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">3 Cosgrove St, Curtin ACT 2605, 2 br House, Peter Blackshaw Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$452,500</td>
</tr>
</tbody></table>
"Although clearance rates have been falling recently reflecting the typical seasonal effect of winter, listing numbers however have been heading in the other direction," APM senior economist Dr Andrew Wilson noted before today's results.
Sydney hosted 605 auctions which was ahead of last weekend’s 550 and significantly higher than the 410 auctioned over the same weekend last year. 
<div>Auction listings in Sydney are tracking 50 percent higher so far over July compared to last July over the same period, with numbers set to rise sharply over the final two weekends of the month. </div>
<div> </div>
<div>"July auction listings are looking more like spring and autumn market activity reflecting heady confidence by sellers in the still strong Sydney market," Dr Wilson said.</div>
<div> </div>
<div>The Cooley Auctions clearance rate was 83% today selling 45 of 54.</div>
<div> </div>
<div>Shane Oliver, head of investment strategy and chief economist at AMP Capital, suggested the APM clearance for Sydney of 83% would become 81% after late results - "trending a bit softer, but still strong and up on year ago."</div>
<div> </div>
<div>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
<h2>Auction Results</h2>
</td>
</tr>
<tr>
<td>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City</th>
<th>Clearance rate</th>
<th>Number listed</th>
<th>Number reported auctions</th>
<th>Number sold</th>
<th>Number w/drawn</th>
<th>Total value sold (million)</th>
<th>Auction median houses</th>
<th>Auction median units</th>
</tr></thead>
<tbody>
<tr>
<td colspan="5">
This week
</td>
<td colspan="4">
Saturday, 18 July 2015
</td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_0">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_0">Sydney</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_0">83.1 %</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_0">630</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_0">476</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_0">414</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_0">22</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_0">$398.8</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_0">$1,240,000</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_0">$770,000</td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_1">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_1">Melbourne</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_1">77.6 %</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_1">650</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_1">497</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_1">387</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_1">2</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_1">$250.0</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_1">$805,000</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_1">$522,500</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody></table>
</div>
<div> </div>
<div> </div>
<div>SOURCE APM</div>
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Stellar 25% price growth amid see-sawing Sydney auction success as cooling forecast comes for late winter vendors

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