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.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Auctions

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The three Melbourne suburbs with the highest clearance rates so far this year are Bayswater, Knoxfield and Scoresby – all had clearance rates of 100 per cent heading into this weekend, according to the REIV.
No auctions this weekend reported for Bayswater.
But Scoresby kept its record intact with buyers biting sufficiently to see 21 Wattleview Rise (below) selling through Barry Plant at $836,000.
<img src="https://b.domainstatic.com.au/w800-h533-2012003408_1_pi_150614_112054" width="665" height="443">
The four bedroom home on a 725 square metre cul de sac block fetched $560,000 in 2011.
Knoxfield's run came to an end with a vendor bid when 8 Paperbark Place was put to Barry Plant auction.
Blackburn North, Heathmont, Wantirna, Glen Huntly and Hughesdale have also reportedly been very strong sellers.
A clearance rate of 79 per cent was recorded across Melbourne on the weekend compared to 79 per cent last weekend and 72 per cent on this weekend last year.
There were 850 auctions reported to the REIV.  
The REIV was expecting about 1,020 auctions across 258 suburbs on the weekend.
Last year there were 809 listings with a 72% success rate.
The top auction locations were Balwyn North (19 auctions), Richmond (16 auctions) and St Kilda (15 auctions). 
There were at least 15 sales secured at Balwyn North, including the third highest across Melbourrne. 
That $2.92 million Balwyn North sale (below) was on offer for the first time in over 50 years.
<img src="https://images.realestateview.com.au/pics/792/37-Hosken-Street-Balwyn-North-VIC-3104-Real-Estate-photo-6-large-8915792.jpg" alt="37 Hosken Street Balwyn North VIC 3104 Real Estate Photo 6" title="37 Hosken Street Balwyn North VIC 3104 House - Photo 6">
"Seize a rare opportunity to lock in a rewarding future for your family," the Fletcher's marketing said.
The classic solid brick home, <a href="https://www.realestateview.com.au/Real-Estate/37-hosken-street-balwyn-north/Property-Details-sold-residential-8915792" target="_blank">positioned on 1155 square metres on the high side of Hosken Street</a>, sits within the renowned Balwyn High School zone.
It was abled to be subdivided and utilised for a dual townhouse development, agent Daiman Kane said..
The Melbourne clearance rate for the year, prior to June 19, was 78 per cent compared to 71 per cent the same time last year.
TOP 5 HOUSES 
1. 47 Erica Avenue, Glen Iris $3,650,000 2. 11 Bristol Street, Surrey Hills $3,580,000 3. 11 Fernhurst Drive, Glen Waverley $3,450,000 4. 37 Hosken Street, Balwyn North $2,920,000 5. 20 Victoria Street, Box Hill $2,880,000
TOP 5 BARGAIN HOUSES
1. 25 Ardent Court, Hastings $190,000 2. 4 Radiata Street, Frankston North $260,250 3. 138 Coburns Road, Melton $275,000 4. 12 Moe Court, Dallas $282,000 5. 72 Roberston Drive, Mornington $306,000
TOP 5 APARTMENTS 
1. 143/85 Rouse Street, Port Melbourne $2,280,000 2. 1/9 Stanley Street, Brighton $2,265,000 3. 1/31B Nepean Highway, Aspendale $1,860,000 4. 2/65 Tramway Parade, Beaumaris $1,510,000 5. 3/111 Wattle Valley Road, Camberwell $1,410,000
TOP 5 BARGAIN APARTMENTS
1. 20/287-293 Exhibition Street, Melbourne $195,000 2. 7/20 Sandown Road, Ascot Vale $206,000 3. 17/6 Mayston Street, Hawthorn East $220,000 4. 14/550 Moreland Road, Brunswick West $225,000 5. 7/1A Wilkinson Street, Reservoir $251,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
 
 
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jchancellor-FAypfDUnLy

Bayswater, Knoxfield and Scoresby - the Melbourne suburbs with 100% auction success during 2015

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A clearance rate of 79 per cent was recorded across Melbourne on the weekend compared to 79 per cent last weekend and 72 per cent on this weekend last year.
There were 850 auctions reported to the REIV.  
The REIV was expecting about 1,020 auctions across 258 suburbs on the weekend.
Last year there were 809 listings with a 72% success rate.
The top auction locations were Balwyn North (19 auctions), Richmond (16 auctions) and St Kilda (15 auctions). 
There were at least 15 sales secured at Balwyn North, including the third highest across Melbourrne. 
That $2.92 million Balwyn North sale (below) was on offer for the first time in over 50 years. There were five bidders.
<img src="https://images.realestateview.com.au/pics/792/37-Hosken-Street-Balwyn-North-VIC-3104-Real-Estate-photo-6-large-8915792.jpg" alt="37 Hosken Street Balwyn North VIC 3104 Real Estate Photo 6" title="37 Hosken Street Balwyn North VIC 3104 House - Photo 6">
"Seize a rare opportunity to lock in a rewarding future for your family," the Fletcher's marketing said.
The classic solid brick home, <a href="https://www.realestateview.com.au/Real-Estate/37-hosken-street-balwyn-north/Property-Details-sold-residential-8915792" target="_blank">positioned on 1155 square metres on the high side of Hosken Street</a>, sits within the renowned Balwyn High School zone.
It was abled to be subdivided and utilised for a dual townhouse development, agent Daiman Kane said. He told Property Observer the buyer will seek to subdivide. 
The Melbourne clearance rate for the year, prior to June 19, was 78 per cent compared to 71 per cent the same time last year.
TOP 5 HOUSES 
1. 47 Erica Avenue, Glen Iris $3,650,000 2. 11 Bristol Street, Surrey Hills $3,580,000 3. 11 Fernhurst Drive, Glen Waverley $3,450,000 4. 37 Hosken Street, Balwyn North $2,920,000 5. 20 Victoria Street, Box Hill $2,880,000 
TOP 5 BARGAIN HOUSES 
1. 25 Ardent Court, Hastings $190,000 2. 4 Radiata Street, Frankston North $260,250 3. 138 Coburns Road, Melton $275,000 4. 12 Moe Court, Dallas $282,000 5. 72 Roberston Drive, Mornington $306,000
TOP 5 APARTMENTS 
1. 143/85 Rouse Street, Port Melbourne $2,280,000 2. 1/9 Stanley Street, Brighton $2,265,000 3. 1/31B Nepean Highway, Aspendale $1,860,000 4. 2/65 Tramway Parade, Beaumaris $1,510,000 5. 3/111 Wattle Valley Road, Camberwell $1,410,000 
TOP 5 BARGAIN APARTMENTS 
1. 20/287-293 Exhibition Street, Melbourne $195,000 2. 7/20 Sandown Road, Ascot Vale $206,000 3. 17/6 Mayston Street, Hawthorn East $220,000 4. 14/550 Moreland Road, Brunswick West $225,000 5. 7/1A Wilkinson Street, Reservoir $251,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
 
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Balwyn North - the weekend's busiest auction suburb with plentiful buyers biting 

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For the third time this year Thornleigh has secured another suburb price record.
This time, the Daily Telegraph reports, it was the sale of a renovated four-bedroom house on Beresford Road which bettered the $1,715,000 set last month when the record was set twice on the same day.
Auctioneer Leon Axford sold <a href="https://www.realestateview.com.au/Real-Estate/37-beresford-road-thornleigh/Property-Details-buy-residential-8947628" target="_blank">37 Beresford Road</a> through Dion Verzeletti at Ray White at $1,717,000 today. <a href="https://au.news.yahoo.com/video/watch/28508435/property-bubble-bigger-than-estimated/#page1" target="_blank">Channel 7 were there</a>.
<img src="https://i3.au.reastatic.net/800x600/56e73ac2c4a76a378b7f9ba23cb7c97c7f3cdb45b76d5b5c2d2090d1cee674cb/main.jpg" alt="37 Beresford Road, Thornleigh" title="37 Beresford Road, Thornleigh" data-index="0">
Property Observer recently noted Thornleigh was among 14 Sydney suburbs scoring a perfect 100% auction clearance rate during the autumn selling season.
Thornleigh on the upper north shore headlined the remarkable feat <a href="/expert-insights/buying/thornleighs-100-autumn-auction-success-rate-and-the-13-other-stellar-sydney-hotspots">with 23 sales over the three months to May 31</a>.
The $1,717,000 house had been extensively renovated having previously (photo below) sold at $660,000 in 2013 and at $640,000 in 2010.
<img class="js-first-image" src="https://b.domainstatic.com.au/w800-h600-6747086_1_pi_150228_085305" alt="37 beresford rd thornleigh NSW 2120">
Thornleigh's runner up now is 20 Handley Avenue, (below) a five bedroom country style homestead.
<img src="https://i1.au.reastatic.net/456x342/07c6c3fd3959eadaed1cb608088d03b78596262841232e83d31c38f03847f97d/main.jpg" alt="20 Handley Avenue, Thornleigh" title="20 Handley Avenue, Thornleigh" data-index="0">
Still on the podium is 23 Judson Road, a five bedroom single storey home (below) on a 778 square metre triangular block.
<img src="https://i1.au.reastatic.net/456x342/b2bf40fa180206e8289961625184f19419bcb7aff967a9a5732619e744b6707a/main.jpg" alt="23 Judson Road, Thornleigh" title="23 Judson Road, Thornleigh" data-index="0">
The suburb went into 2015 with a $1,525,000 top sale price.
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$2000 higher, so Thornleigh's third record residential sale in 2015

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There are 2,050 capital city auctions expected across the capital cities this week, similar to the number held last week (2,076) when the final auction clearance rate was recorded at 75.9%, the softest result across the combined capital cities since March this year. At the same time last year, 2,040 residential auctions were held and the clearance rate over the week was recorded at 65.4%.
Melbourne is expecting 959 auctions this week, an increase from 947 last week and higher than the 946 at the same time last year. Last week, Melbourne’s final auction clearance rate was recorded at 77.7%, which is much higher than one year ago (69.1%), however it is the lowest clearance rate for the city in 9 weeks.
This week, there are 799 Sydney homes scheduled for auction, compared to 816 last week and 785 over the previous week. Sydney’s clearance rate was down last week, from 88.7% the previous week to 83.4%, while in comparison, the clearance rate for the city last year was 70.1%. Sydney’s year to date clearance rate is 84.9%, while over the same period last year, the clearance rate for the city was tracking at 75.0%. On the other hand, auction volumes this year are slightly lower than they were last year.
Across Brisbane, CoreLogic RP Data is currently expecting 114 auctions this week, compared with 135 last week and 141 last year. Brisbane’s clearance rate last week was 45.5 per cent, while one year ago, 32.2% of homes taken to auction were sold.
There are currently 76 Adelaide homes scheduled for auction this week, slightly lower than the 87 last week and tracking at a similar level as the same time last year when 74 auctions were held across the city. Adelaide’s clearance rate last week was 58.7%, having fallen from 71.2% the previous week.
Canberra has 51 scheduled auctions this week, compared to 53 last week and 35 at the same time last year.
Across Perth, 40 homes are set for auction over the current week, increasing from 32 last week and slightly lower than one year ago (45).
Across Australia’s individual suburbs, the highest volume of auctions this week will be held in Balwyn North, Glen Waverley and Richmond (Vic).
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smiller-vwPjRHTkST

Auction volumes lower year on year: CoreLogic RP Data's Shana Miller

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Melbourne's top weekend auction offering was passed in at $6 million in Armadale at Marshall White auction.
The home on the Munro Estate is around two years old, a collaboration between architect Drew Cole, the late designer Stuart Rattle and landscape designer Paul Bangay.
Defined by contemporary European elegance, the four bedroom house sits on 580 square metres at 27 Munro Street.
<img src="https://images.listonce.com.au/listings/27-munro-street-armadale-vic-3143/732/00243732_img_09_x480.jpg?1" alt="27 Munro Street Armadale - Photo 1" width="719" style="line-height: 1.3em;">
The lower level accommodates a large cinema or store room, wine storage and five-car garage.
It last traded late last year a $6.08 million.
It was marketed by <a href="https://www.27munrost-armadale.com" target="_blank">Mark Harris at Marshall White</a> for weekend auction with $5.7 million plus expectations.
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Drew Cole, Stuart Rattle, Paul Bangay Armadale collaboration passed in

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There were 14 Sydney suburbs scoring a perfect 100 per cent auction clearance rate during the autumn selling season.
Thornleigh on the upper north shore headlined the remarkable feat with 23 sales over the three months to May 31.
In second place with 22 sales was Naremburn on the lower north shore.
Sydney's clearance rate for the autumn quarter sat at 83.3 per cent with 161 suburbs scoring auction success results above the Sydney-wide clearance rate. 
With winter auctions now underway, Thornleigh won't be on the next 100 percent list given a three bedroom weekend offering (below) was withdrawn, now for sale with offers sought above $1 million.
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<div id="Content_Content_propertyPhotos_MainImage_MainImagePlaceholder" class="img-wrapper"><a id="Content_Content_propertyPhotos_MainImage_MainPhotoLink" class="feature" href="https://www.domain.com.au/ore/Public/Gallery/Photo.aspx?adid=2011994087&amp;pic=1&amp;mode=Buy&amp;AgencyID=17346" target="ImageWindow"><img class="js-first-image" src="https://b.domainstatic.com.au/w800-h600-w1600-h1200-2011994087_1_pi_150608_045111" alt="71 beresford road thornleigh NSW 2120"></a></div>
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<div class="img-wrapper">Backing onto natural bushland with a north east to rear aspect, the elevated home was marketed as providing "an exceptional investment opportunity" with future potential for the 765sqm site. The estimated return was $600 per week according to the McGrath marketing. It was bought by a super fund at $535,000 in 2009. </div>
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<div class="img-wrapper">Nearby Cherrybrook in the Hills district was among other strong 100% performers during Autumn, according to Australian Property Monitors.</div>
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Ditto Killarney Heights on the northern beaches, North Willoughby on the lower north shore, Manly Vale on the northern beaches, Westmead and North Strathfield in the inner west and the southern suburbs' Mordale, Birrong, Kareela and Gymea South.
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There was Lalor Park in Blacktown, Wentworthville in the west.
APM Domain Group senior economist Dr Andrew Wilson most of the 14 suburbs tended to be next to much better known suburbs, but they had recently come into their own as a more affordable alternative.
The Sydney suburb with the lowest clearance rate was Middleton Grange in Sydney's west, where 46 per cent of homes sold under the autumn auction hammer.
On Saturday Sydney secured an auction clearance rate of 83.3 per cent.
 
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Thornleigh's 100% autumn auction success rate - and the 13 other stellar Sydney hotspots

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A clearance rate of 80 per cent was recorded across Melbourne today, continuing on its merry way despite recent commentary.
Last weekend a clearance rate of 72 per cent was recorded over the subdued Queen's Birthday weekend, compared to 80 per cent on May's last weekend.
There were 766 auctions reported to the REIV today. 
Armadale secured the highest residential house price when 39 Lambeth Avenue, Armadale fetched $4,660,000.
The renovated Victorian trophy home had five bidders.
Next priciest was <a href="https://www.realestateview.com.au/Real-Estate/27-summerhill-road-brighton-east/Property-Details-buy-residential-8909566" target="_blank">27 Summerhill Road, Brighton East</a> at (below) $3,980,000 through Marshall White, then 29 Regent Street, Mount Waverley $3,300,000 and 32 Barrington Avenue, Kew $3,150,000.
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<div id="link-photo"><a class="photobox cboxElement" href="https://www.realestateview.com.au/portal/viewphotos?OID=8909566&amp;popup=photos"><img src="https://images.realestateview.com.au/pics/566/27-Summerhill-Road-Brighton-East-VIC-3187-Real-Estate-photo-1-large-8909566.jpg" alt="27 Summerhill Road Brighton East VIC 3187 Real Estate Photo 1" title="27 Summerhill Road Brighton East VIC 3187 House - Photo 1"></a></div>
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The REIV was expecting about 920 auctions in 251 suburbs on the weekend. On the same winter weekend last year there was a 72% success rate from 919 auctions. 
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TOP 5 BARGAIN HOUSES 
1. 115 Glynns Road, North Warrandyte $85,000 2. 42 Mt Eagle Way, Wyndham Vale $265,000 3. 1/4 Dawn Avenue, Dandenong South $275,000 4. 3/70-71 Nepean Highway, Seaford $285,000 5. 11 Donald Street, Dallas $295,000
TOP 5 APARTMENTS 
1. 7 Lawson Street, Hampton $1,770,000 2. 3A Abergeldie Avenue, Mckinnon $1,387,500 3. 6/7 Warwick Court, Surrey Hills $1,380,000 4. 61 Michael Street, Fitzroy North $1,250,000 5. 1/56 Union Road, Surrey Hills $1,229,888 
TOP 5 BARGAIN APARTMENTS 
1. 4/232 Nicholson Street, Footscray $207,000 2. 3/483 Princes Highway, Noble Park $278,000 3. 7/37 Osborne Avenue, Glen Iris $280,000 4. 5/7 Waltham Street, Flemington $285,000 5. 12/63 Ulupna Road, Ormond $296,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
The top auction locations were South Yarra (20 auctions) followed by Glen Waverley and Glen Iris with 14 auctions each. 
There was a development site at 50 Montclair Avenue Glen Waverley that fetched $5,505,000 at auction yesterday.
<div>Melbourne’s west is the most popular region for auctions this weekend with around 130 listed.  </div>
Melbourne’s east continues to see a high buyer demand, with 10 suburbs recording clearance rates of between 95 per cent and 100 per cent in the month of May.
There were 275 auctions reported to the REIV over the long weekend.
The REIV reported the 2015 auction market hit a peak in May, with 5,000 auctions held – more than any other month this year. The May clearance rate, at 79 per cent, was also well ahead of May 2014 , when it was 71 per cent.
APM reported Melbourne’s outer east recorded 88.5 percent closely followed by the inner east with 88.0 percent, the north 84.7 percent,  the north east 84.2 percent, the inner south 83.5 percent, the west 79.6 percent, the south east 76.3 percent and the inner city with 72.3 percent.
APM reported Melbourne recorded a clearance rate of 79.2 percent over May which which was the highest monthly success rate since April 2010. 
The May clearance rate was the third highest ever recorded for that month – behind only the price boom years of 2007 and 2001.
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APM senior economist Dr Andrew Wilson noted Melbourne recorded its highest ever month for auction sales over May at 3670 at a record total value of $3.58 billion. 
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<div>"The median price of homes sold at auction in Melbourne over May also climbed to a new monthly record of $820,000 – an increase of 11.2 percent over the month and 13.9 percent higher than May last year," he said. </div>
 
 
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Melbourne auctions maintain Autumn glow into winter

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A 12 square-metre car space at Kirribilli sold at auction today for $120,000. The company title S7/29 Carabella Street offering was not restricted to building residents, selling to a neighbour. There are 23 apartments in the six-storey near harbour front 1960s block.
<img class="image" src="https://media.mcgrath.com.au/webimages/properties/0/2/6/4/3/7/2/6E94979D-EED4-870F-6A014A2B980EC3B0_m.jpg" width="376" height="299">
The highest weekend result was at Mosman for $6 million, which had been offered with $4.5 million plus guidance.
At Maroubra auctioneer Damien Cooley secured $3.57 million. The 650-square-metre oceanfront property at 19 Mermaid Avenue traded for $1.1 million in 1998.
The Surry Hills warehouse studio-home of Kay Lanceley and her artist husband, the late Colin Lanceley sold pre-auction through BresicWhitney for an unconfirmed $5 million.
The Lanceley's has bought the Esther Street warehouse in 1992 for $450,000 from their friend, art dealer, Ray Hughes.
The Surry Hills, Sydney warehouse abode had been listed with $4.2 million plus hopes.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=119798979&amp;theme=rea.buy" rel="photos" style="line-height: 1.3em;" data-id="119798979"><img src="https://i2.au.reastatic.net/800x600/5254f577100eab51c113d3ff6d35df3cd4495a03c9908eb47ea046f6b41ed149/image19.jpg" alt="2 Esther Lane, Surry Hills" title="2 Esther Lane, Surry Hills" data-index="18"></a>
 
There was an 83.3% initial weekend clearance rate, with an emerging softening apparent in the latest APM data, while Melbourne auctions shows strengthening results.
Some 673 Sydney homes were listed to go under the hammer, well up on last Saturday’s 395 Queen's Birthday weekend tally, and also higher than the 615 auctioned over the same weekend last year.
The weekend tally which secured $465 million in sales saw a $1.26 million Sydney median house price and a $775,000 Sydney median unit price.
<div>Sydney’s south hosted the most number of auctions of the suburban regions with 96 scheduled.</div>
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<div>The next highest was the city and east with 86 followed by the upper north shore 81, the lower north 75, the south west and the inner west each with 68, the west 51, Canterbury Bankstown 50, the northern beaches 45, the north west 32, the central coast 19 and the Blue Mountains with two auctions scheduled this weekend.</div>
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<div>The most popular suburb for auctions in Sydney this weekend is again Mosman with nine followed by Wahroonga and Baulkham Hills each with eight.</div>
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<div>There were just the six Mosman results notified.</div>
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<div>Seven auctions were scheduled on Saturday in Hornsby, Hurstville, Bexley, Lane Cove, Randwick and Bankstown.</div>
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<div>Huge crowds attended weekend auctions after a week of histrionic property commentary. At 25 Grove St, Casula a crowd of 150 watched four bidders - from the 18 registered - run the price up to $807,500 through Trevor Byrne at One Agency Carnes Hill. Auctioneer Rob Trovato had a crowd of around 120 watch as 277a North Rocks Rd North Rocks sold for $980,000 as five bidders sought to secure the battle axe home.</div>
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<div>Last weekend’s Queens Birthday long-weekend holiday break showed signs of easing in Sydney’s red-hot auction housing market, recording a weaker, but still strong clearance rate at 85.1% - which was revised down to 82.9% on late notified results. Last Saturday’s clearance rate was significantly higher than the 73.7% rate reported over the same weekend last year. 
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<div>The May monthly clearance rate was 83.9 percent result over the full month.</div>
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<div>"This was the fourth consecutive month that Sydney has broken the clearance rate record in a remarkable unprecedented performance," APM senior economist Dr Andrew Wilson said.</div>
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<div>Sydney also notched up its second highest ever monthly total number of auction sales over May at 3375 – just behind the November 2014 all-time record of 3717.</div>
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<div>The value of homes sold at auction over May soared to $4.14 billion – again just below last November’s all-time record of $4.24 billion.</div>
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Sydney's auction success slips to 83.3% with sales from $120,000 Kirribilli car space to $6 million Mosman home

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Liverpool was again the location of Sydney's cheapest weekend sale.
It was a two bedroom apartment (below) that fetched $317,500 through Ray White agent Adrian Bonino.
<img src="https://i2.au.reastatic.net/456x342/e37b6f9bfe75cb092eb9b35deb4ff37bbb6b82efdcd640a1892a91c3cb84acd8/main.jpg" alt="29/42-44 Copeland Street, Liverpool" title="29/42-44 Copeland Street, Liverpool" data-index="0">
It last sold in 1983 at $35,000. 
The 29/42-44 Copeland Street complex's last sale was in February when another two bedroom apartment fetched $300,000. It was put up for rent a $300 a week, reflecting a 5.2% yield before costs.
There was an 85.1% success rate across the Sydney market that barely paused for the Queen’s Birthday holiday.
Nearly 400 homes were listed which is similar to the last year's 393 and predictably well ahead of the 853 auctioned last weekend, Dr Andrew Wilson, the APM senior economist.
Sydney’s upper north shore hosted the most number of auctions with 55 listed followed by the west with 52, the south west 50, the south 45, the inner west 44, the lower north 32, the northern beaches 32, the s 55, the city and east 31, Canterbury Bankstown 22 and the north west with 18 auctions scheduled this weekend.
Mosman and Hornsby were the most popular suburbs for auctions in Sydney with eight each followed by Blacktown and Guilford with seven each.
Sydney’s weekend auction market bounced back on the last May Saturday to end its record breaking season clearly on a high.
Sydney ‘s has recorded a remarkable average Saturday clearance rate of 84.4 percent over autumn which is well ahead of the 79.3 percent recorded over autumn last year. Clearance rates over the past three months have been the highest ever recorded by Sydney reflecting an unprecedented wave of auction activity.
Although clearance rates are at record levels, the number of auctions conduced this year in Sydney has declined. 10,334 Saturday auctions have been listed since the beginning of February compared to 10,622 over the same period last year.
In late May 10/22 Nagle Street, Liverpool $336,000 - a two bedroom unit (below) was the cheapest on that weekend.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=119670199&amp;theme=rea.buy" rel="photos" data-id="119670199"><img src="https://i1.au.reastatic.net/456x342/defb7ae0bac81e6df0af5daa0ebd987515ddfdc117147de4f6c13f05a2106c54/main.jpg" alt="10/22 Nagle St, Liverpool" title="10/22 Nagle St, Liverpool" data-index="0"></a>
Property Observer gleans the LJ Hooker Liverpool agent Pat Bugge sold it to an investor. It was up for rent last August at $290 a week, reflecting a 4.5% yield.
The block's previous highest two bedroom sale was $321,000 in early 2015, then put up for rent at $300 a week.
 
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Less auctions, as Liverpool again led the cheapest Sydney weekend purchasing opportunity

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The Melbourne auction secured its strongest autumn clearance rate selling season since 2007 with auction clearance rates tracking above 80% over the final weeks.
APM calculated the weekend auction market recorded an average Saturday rate of 76.4% over the eight weeks to Easter. Since Easter, Saturday auction rates have averaged 81.8% as the market lifted from solid to strong.
The number of auctions conducted declined on the latter weekends, with overall some 13,356 Saturday auctions since the beginning of February compared to 13,452 over the same period last year.
<img src="https://3.bp.blogspot.com/-vA6ui-yuaNg/VM3dE7qQ0VI/AAAAAAAAAvo/wVOBJC0686A/s1600/AucMelRA2014.png" alt="Melbourne 4-weekend rolling average clearance rate 2014" width="395" height="230">
Last year (above) Melbourne clearance rates topped briefly a 79% and finished the year in the high 60%s. 
<img src="https://i1.au.reastatic.net/456x342/4301872c4df79a5b6ad0b17c88f6acb6cfa830c1aafb57c81239c32e282508df/main.jpg" alt="3/6 Hatfield Court, West Footscray" title="3/6 Hatfield Court, West Footscray" data-index="0">
The most affordable property reported sold at the weekend was a <a href="https://www.realestateview.com.au/Real-Estate/3-6-hatfield-court-west-footscray/Property-Details-buy-residential-8749670" target="_blank">one-bedroom unit</a> at 3/6 Hatfield Court, West Footscray sold for $220,000 by Sweeney Footscray. 
It sold in 2009 at $210,000, suggesting the 2009 market fillip secured a robust price as it had also sold at $135,000 in 2007.
Its investor buyer was seeking $240 a week when offered last year. Not much rental growth either as the investor sought $230 a week back in 2009. 
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