<p>The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p data-end="345" data-start="110">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.</p>

<p data-end="689" data-start="347">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.</p>

<p data-end="689" data-start="347">Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.</p>


Joel Robinson

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

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.</p>

<p>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.</p>

<p>“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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.</p>

<p>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.</p>

<p><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" /></p>

<p>“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.</p>

<p>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.</p>

<p>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.</p>

<p>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>.</p>

<p><em>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></em></p>


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

<p><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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.”</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p>Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;</p>

<p>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;</p>

<p>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;</p>

<p>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;</p>

<p>Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;</p>

<p>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;</p>

<p>“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;</p>

<p>“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."</p>

<p>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;</p>

<p>"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;</p>


Bottega House secures landmark riverfront site in St Lucia 

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<p data-end="157" data-start="0">The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.</p>

<p data-end="459" data-start="159"><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.</p>

<p data-end="459" data-start="159">[smartcode_project:default project_id=112661 project_image_fid=359603]</p>

<p data-end="651" data-start="461"><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.</p>

<p data-end="950" data-start="653">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.</p>

<p data-end="1081" data-start="952">“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.</p>

<p data-end="1081" data-start="952">[smartcode_project:default project_id=112661 project_image_fid=355935]</p>

<p data-end="1307" data-start="1083">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.</p>

<p data-end="1522" data-start="1309">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.</p>

<p data-end="1522" data-start="1309">[smartcode_project:default project_id=112661 project_image_fid=361052]</p>

<p data-end="1714" data-start="1524">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.</p>

<p data-end="1945" data-start="1716">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.</p>

<p data-end="1945" data-start="1716">[smartcode_project:default project_id=112661 project_image_fid=359607]</p>

<p data-end="2220" data-is-last-node="" data-is-only-node="" data-start="1947">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.</p>
</section>
</section>

<p>[smartcode_project_cta:default project_id=112661]</p>


SIERA kicks off construction at Northcliffe tower Exhale

Auctions

<html><body>
<p>There were just five chances to buy under $500,000 across Sydney last weekend, on May 30.</p>
<p>10/22 Nagle Street, Liverpool $336,000 - a two bedroom unit (below) was the cheapest.</p>
<p><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></p>
<p>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.</p>
<p>The block's previous highest two bedroom sale was $321,000 in early 2015, then put up for rent at $300 a week.</p>
<p>Then followed:</p>
<p>3/136 Sproule Street, Lakemba $380,000 - a two bedroom unit which last sold at $275,000 in April 2013.</p>
<p>6/21 Marlene Cr, Greenacre $405,000 - a two bedroom 62 sqm 1975 unit which last sold at $250,000 in October 2009. The landlord had been seeking $340 a week rental. </p>
<p>39/103 Longfield Street, Cabramatta $425,000 -a three bedroom unit last sold at $88,000 in 1997. It was up for $350 a week rental late last year.</p>
<p>14/1099 Botany Road, Mascot $452,000 - a one bedroom unit that last sold in 1991 at $90,000. </p>
<p> </p>
</body></html>

jchancellor-FAypfDUnLy

Liverpool led the five cheapest sub-$500,000 Sydney weekend purchasing opportunities

<html><body>
<p>Australian Property Monitors (APM) has released a list of results from 657 auctions in Sydney for the weekend of 30 May. The clearance rate was 87%.</p>
<p><a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.</p>
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mick.cee-iDmgDDAmu8

APM's Sydney auction results for May 30 weekend

<html><body>
<p>Wanganui, the grand Longueville trophy home residence, sold hours before today's scheduled auction for close to $6.5 million.</p>
<p>The home with its blue turret sold for the first time in 57 years - bought by a<span>rchitect David Reuben Lennon in 1958 for £13,500</span>.</p>
<p>Set on a 2087 square metre holding at<a href="https://www.realestate.com.au/property-house-nsw-longueville-119650891"> </a>58 Lucretia Avenue, the 1893 Wanganui had a price guide of $6.5 million plus <span style="line-height: 1.3em;">with just a slither of land tracking down to the water.</span></p>
<p><span style="line-height: 1.3em;">Its blue corner turret with an ogee cupola was its defining feature, </span><span style="line-height: 1.3em;">built in 1893 by architect C J Ross.</span></p>
<p><span style="line-height: 1.3em;">While its much needed renovation dampened any above expectation price escalation, its sale topped off the final weekend of a stellar Autumn auction season.</span></p>
<p><span style="line-height: 1.3em;">APM reported the preliminary weekend clearance rate as 87.4% in a fillip on the recent fortnight. </span></p>
<p><span style="line-height: 1.3em;">Northing under 80% for almost all of the autumn selling season. Last weekend's revised success rate was 83.4%.</span></p>
<p><span style="line-height: 1.3em;">"The Sydney home auction market entered May in record breaking form and recorded an astonishing 89.2 percent clearance rate on May 9," APM senior economist Dr Andrew Wilson said.</span></p>
<p>"It appeared just a matter of time before a 90 percent plus weekend result was recorded. </p>
<p>"But this has not eventuated – so far – with the market weakening over the past fortnight," he said before today's results<span style="line-height: 1.3em;">.</span></p>
<p><span style="line-height: 1.3em;">The weekend Sydney was scheduled to host nearly 850 auctions, well ahead of the 750 auctioned last weekend but below the 907 auctioned over the same weekend last year. </span></p>
<p>The weekend’s stronger auction numbers reflects some sellers avoiding the Queen’s Birthday holiday next weekend.</p>
<p><span>Mosman, Cronulla and Pymble were the most popular suburbs for auctions in Sydney with 10 each followed by Strathfield, Hurstville, Epping and Wahroonga with nine each and Baulkham Hills, Chatswood, Menai, Earlwood and Annandale each with eight auctions scheduled.</span></p>
<p><span><span>Sydney’s inner west hosted the most number of auctions with 129 listed followed by the upper north shore with 124, the south 123, the city and east 95, the lower north 81, Canterbury Bankstown 62, the west 60, the south west 55, the northern beaches 44, the north west 42, the central coast 18 and the Blue Mountains with just the one auction scheduled.</span></span></p>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr>
<td colspan="2">
<p>Most expensive</p>
</td>
<td colspan="2"> </td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_0">
<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">52 Edgecliffe Esp, Seaforth NSW 2092, 5 br House, RW Lower North Shore</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$4,425,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">36 Wentworth Av, Canterbury VIC 3126, 4 br House, Jellis Craig Hawthorn</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$3,950,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">13 Ormonde Av, Millswood SA 5034, 4 br House, Ouwens Casserly</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$925,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_3">
<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">19 Eskgrove St, East Brisbane QLD 4169, 3 br House, RW Ascot</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,700,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_4">
<td id="rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">9 Geerilong Gdns, Reid ACT 2612, 3 br House, Peter Blackshaw Manuka Pty Ltd</td>
<td id="rpMostExpensive_tdMostExpensiveSold_4">$1,800,000</td>
</tr>
<tr>
<td colspan="2">
<p>Most affordable</p>
</td>
<td colspan="2"> </td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_0">
<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0" colspan="2">39/103-111 Longfield St, Cabramatta NSW 2166, 3 br Unit, R&amp;W - Cabramatta</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$125,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_1">
<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/6 Hatfield Ct, West Footscray VIC 3012, 1 br House, Sweeney Footscray</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$220,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_2">
<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2" colspan="2">5 Glyde St, Albert Park SA 5014, 2 br House, Harris Real Estate - Glenelg</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$390,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3" colspan="2">57 Australia 11 Drive, Kensington Grove QLD 4341, 3 br House, ELD Laidley</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$185,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_4">
<td id="rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="rpMostAffordable_tdMostAffordableLocation_4" colspan="2">3/39 Bywaters St, Amaroo ACT 2914, 3 br Townhouse, Luton Properties - Gungahlin</td>
<td id="rpMostAffordable_tdMostAffordableSold_4">$430,000</td>
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Longueville turret trophy home sale signals brightening end to Sydney's autumn auction season

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<p><span><span>A clearance rate of 82 per cent was recorded across Melbourne to round out Autumn auctions on an improving success rate.</span></span></p>
<p><span><span>The weekend results compared to 80 per cent last weekend and 71 per cent the same weekend last year.</span></span></p>
<p><span>There were 1035 auctions reported to the REIV, including the mid-week auction of a <a href="https://www.realestateview.com.au/Real-Estate/3-miller-street-brighton/Property-Details-buy-residential-8728236" target="_blank">Brighton beachfront</a> at $8.04 million.</span></p>
<p><span>The auction sales totalled $790 million.</span></p>
<p><span><span>It had been offered with $6 million plus price guidance through RT Edgar </span></span><span style="line-height: 1.3em;">on Brighton's true Golden Mile. The two-storey three bedroom brick residence has marble fireplaces, polished boards and stained glass panels on its 683 square metre block.</span></p>
<p><span style="line-height: 1.3em;"><a href="https://www.realestate.com.au/photogallery_new.ds?id=119665007&amp;theme=rea.buy" rel="photos" data-id="119665007"><img src="https://i3.au.reastatic.net/800x600/f70d3dea46c3780973c3a0719397b325547664954d8499ebe8b87cec9d0ea844/main.jpg" alt="3 Miller Street, Brighton" title="3 Miller Street, Brighton" data-index="0"></a> </span></p>
<p><span style="line-height: 1.3em;">It was marketed as an "opportunity of owning one of Brighton's fifty-one beachfront properties." After 46 years ownership, it was secured by a New York based<span> expat who beat five other bidders to purchase the knockdown property.</span>  </span></p>
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<p><span style="line-height: 1.3em;">The REIV was expecting about 1,240 auctions across 277 suburbs through the weekend.</span></p>
<p><span style="line-height: 1.3em;">Houses were stronger sellers than apartments, with 84% selling compared to 78% of apartments.</span></p>
<p><span>Houses sold at a $924,250 median, with $590,000 for the unit median, according to Enzo Raimondo, the REIV </span>chief.</p>
<p><span>The busiest auction locations were Reservoir and Camberwell with 20 auctions followed by Brighton with 14 auctions.</span></p>
<p><strong style="line-height: 1.3em;">REIV TOP 5 HOUSES</strong></p>
<p><span>1. 3 Miller Street, Brighton $8,040,000<br>2. 36 Wentworth Avenue, Canterbury $3,950,000<br>3. 6 York Street, St Kilda West $3,500,000<br>4. 24 Northcote Road, Armadale $3,000,000<br>5. 3 Percy Street, Balwyn $2,950,000<br></span></p>
<p><span><strong>REIV TOP 5 BARGAIN HOUSES</strong><br>1. 11 Allawah Court, Hoppers Crossing $290,000<br>2. 4 Currawong Street, Mornington $300,000<br>3. 11 Mica Court, Kings Park $314,000<br>4. 50 Learmonth Crescent, Sunshine West $326,000<br>5. 2 Silverton Court, Craigieburn $330,000</span></p>
<p><span><strong>REIV TOP 5 APARTMENTS</strong><br>1. 10B Roselyn Crescent, Bentleigh East $1,420,000<br>2. 4/31 Cookson Street, Camberwell $1,340,000<br>3. 5A/9 Beach Street, Port Melbourne $1,230,000<br>4. 22 Stillman Street, Richmond $1,221,000<br>5. 2/45 Park Street, South Yarra $1,200,000<br></span></p>
<p><span><strong>REIV TOP 5 BARGAIN APARTMENTS</strong><br>1. 3/6 Hatfield Court, West Footscray $220,000<br>2. 4/230 Ascot Vale Road, Ascot Vale $236,000<br>3. 2/5-7 Princes Street, Abbotsford $270,000<br>4. 3/24 Methven Avenue, South Morang $272,500<br>5. 11/69-71 Delhi Court, Travancore $285,000</span></p>
<p>Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a></p>
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$8 million Brighton beachfront sale rounds out Melbourne's ascending autumn auctions

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<p>Strike the bells! An undercover Potts Point car space fetched $264,000 at competitive auction tonight.</p>
<p>Set in somewhat dated 1960s block, The Chimes, the Macleay Street price easily exceeded all prior price estimates given the egos involved. It is understood to have sold to an entrepreneurial Sydney CBD medico with an active interest in Potts Point and Elizabeth Bay property.</p>
<p>It was a Sydney record. There are studios for sale from $335,000 in nearby Kings Cross. There is strata commercial studio space around nearby Kings Cross for sale at less.</p>
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<p>Residential studios could be expected to fetch $305 plus a week in rent, while an open air, narrow, poled car space might be likely to fetch $70 a week.</p>
<p>There were about 10 keen local buyer participants after bidding opened at $120,000 for the auction rarity s<span>andwiched between the harbour and the central business district</span>.</p>
<p>There were still five in the contest as it approached $200,000. After buyers' agent Janne Sutcliffe dropped out as bidding headed towards $210,000, there were two locals remaining.</p>
<p><span style="line-height: 1.3em;">"Quarter of a million," was another milestone bid of the eventual buyer, with the room collectively gasping, many clutching their cocktail hour pearls.</span></p>
<p>Spilling out onto <span>the plane tree-lined Parisian end of the strip, o</span><span style="line-height: 1.3em;">ne high-rise apartment owner attendee brought his real estate loving schnauzer.</span></p>
<p>The sale through<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/property/0000264730" target="_blank"> Richardson &amp; Wrench agents Greg McKinley and Luke McDonnell </a>reflected around $10,000 a square metre for the longer then normal 26 square metre space, but single car space.</p>
<p>There is a right of way across the title, which is about 10 metres long by about 2.4 metres wide at 45 Macleay Street on the McDonald Street corner.</p>
<p>"It was certainly not the norm," selling agent Greg McKinley told Property Observer in an after auction attempt to quell bragging among the boastful car parking cognoscenti tomorrow morning at local coffee shops. And possibly wider commentary from mainstream media who could be relied to misconstrue.</p>
<p>"It was something of a one off….<span style="line-height: 1.3em;"> I was not expecting to see a 2 in front of the price," he said.</span></p>
<p><span style="line-height: 1.3em;">Auctioneer Peter Baldwin said such was the interest there had been been bets on the price from locals in the 'hood. </span></p>
<p><span style="line-height: 1.3em;">The 10-storey, 80 unit Chimes strata block was registered in 1964 when t</span><span style="line-height: 1.3em;">he standard EJ Holden cost the equivalent of $2102.</span></p>
<p>The car space previously traded with a studio apartment, but prior to that sale sold at $60,000 in 2011 on its own and $31,000 in 1997.<span style="line-height: 1.3em;"> </span></p>
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<p>The last sale in the secure complex with two storey parking was adjacent at $90,000 in an off market deal last year.</p>
<p>Last October another<span style="line-height: 1.3em;"> residential inner city car space fetched a then record $210,000 at auction.</span></p>
<p>The $210,000 Elizabeth Bay car space was sold at Laing Real Estate auction, reflecting 13% annual price growth over the past 37 years.</p>
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<p>The inner city precinct has been described as the toughest in Australia to find a car space with <span style="line-height: 1.3em;">almost 25,000 residents living in a 1.89 square kilometre footprint which is a <a href="/news/act/tyler-br-l-e-says-empty-canberra-cbd-needs-urban-renewal-and-possibly-udon-bolognese-eatery">restaurant mecca</a>.</span></p>
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<p>The residents own close to 6000 vehicles but with there are just 4300 on-street car spaces available, Sydney Council data shows. Many of the older buildings have limited, onsite, lease only car parking and council restrictions in more modern buildings often ensure the car spaces can not be transferred to outsiders.</p>
<p>Until tonight the Sydney record, as <em>Property Observer </em>concludes, was a 16 square metre single car parking space at North Bondi sold for $240,000 in 2010.</p>
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Inner city car parking convenience costs record $264,000 at The Chimes, Potts Point

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<p>The University of Melbourne sold a triplex apartment block in Carlton for $4.7 million at weekend auction.</p>
<p><a href="https://www.realestateview.com.au/Real-Estate/419-423-cardigan-street-carlton/Property-Details-sold-residential-8722102" target="_blank">The 419-423 Cardigan Street holding</a> had 15 bedrooms across three apartments.</p>
<p>Woodards secured the sale of the <span style="line-height: 1.3em;">580 square metre holding.</span><span style="line-height: 1.3em;"> </span></p>
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Carlton triplex sold by University of Melbourne

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<p>60 Winbourne Street is an unassuming West Ryde 1960s three bedroom brick home.</p>
<p>However its sale price rocketed from $940,000 to $1.71 million, between February 2014 and earlier this month.</p>
<p>Little wonder its re-sale has become something of local folklore in the past week after 2GB's Ross Greenwood's came across the stellar price hike.</p>
<p>It is a 961 square metre corner block at <a href="https://www.realestate.com.au/property-house-nsw-west+ryde-119573743" target="_blank">60 Winborne Street</a>, with b<span style="line-height: 1.3em;">uses at the door with easy access to Eastwood and West Ryde stations, TAFE Colleges, Macquarie University and major shopping centres.</span><span style="line-height: 1.3em;"> </span></p>
<p><span style="line-height: 1.3em;">Property Observer gathers the windfall came from changes in likely more liberal council consideration of the splayed corner site calculation, rather than all because of the property boom.</span></p>
<p><span style="line-height: 1.3em;">A local developer buyer beat off keen competition with an Asian bidder the underbidder when agent Max Pracey threw the .  </span></p>
<p><a href="https://www.realestate.com.au/photogallery_new.ds;jsessionid=6E5B377CDBD0A5ABCDFC4ABE24CB8856?id=119573743&amp;theme=rea.sold" rel="photos" data-id="119573743"><img src="https://i1.au.reastatic.net/456x342/79c3f86b28ab8287a3dd7d4d796c471df6d185fddb224f093b6ef74647e640e0/main.jpg" alt="60 Winbourne Street, West Ryde" title="60 Winbourne Street, West Ryde" data-index="0"></a></p>
<p>It was marketed by Max Pracy at Tracy Yap Realty as suitable to "e<span>xplore the possibilities of development."</span></p>
<p><span>Max Pracey suggested the block, subject to council approval could possibly hold a duplex or even v</span><span>illas. CoreLogic RP Data suggests the site dimensions of the irregular shaped block are <span>18.29/27.97 X IRR/41.68.</span></span></p>
<p><span><img src="/images/2015/05/25/site_plan.jpg" alt=""></span></p>
<p><span>"Explore the options, make your decision and develop and profit!!," the marketing suggested.</span></p>
<p><span>"Rarely does a property like this become available," it added.</span></p>
<p><span>Held for 1.25 years, during that time, its value has changed at an annual rate of 60%.</span></p>
<p><span>It seems the windfall was all </span>about the City of Ryde development control plan 2014 multi dwelling housing for low density residential zone.</p>
<p>The control plan generally affirms allotments should have a frontage to the road of not less than 20 metres and an area of not less than 900 square metres.</p>
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Price for West Ryde 1960s three bedder with potential skyrockets

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<p>A three bedroom townhouse was Sydney's cheapest sale at weekend auctions.</p>
<p><span style="line-height: 1.3em;">It sold through Richardson &amp; Wrench Campbelltown agents Russell Wyer and Michelle Balabka for $310,000 to an investor.</span></p>
<p><span style="line-height: 1.3em;">The three bedroom</span><span style="line-height: 1.3em;"> 1970s townhouse is in need of refurbishment.</span></p>
<p><span style="line-height: 1.3em;">There is s</span><span style="line-height: 1.3em;">ingle undercover car accommodation and f</span><span style="line-height: 1.3em;">ront and rear courtyards.</span></p>
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<p class="body">It was marketed as suiting builders/renovators looking for a project at <a href="https://www.realestate.com.au/property-townhouse-nsw-campbelltown-119647355" target="_blank">13/107 Broughton Street</a>.</p>
<p class="body">It last sold in 2010 at $195,000, so reflected 10% annual growth.</p>
<p class="body">The agents told Property Observer they <span>recently rented a renovated three bedroom townhouse in the same complex for $355 per week.</span> </p>
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Campbelltown $310,000 townhouse the weekend's cheapest auction sale

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<span style="line-height: 1.3em;">In Australia’s largest auction market, Melbourne, the preliminary clearance </span><span style="line-height: 1.3em;">rate of 80% over the week to May 24 was an improvement on the previous week’s final auction </span><span style="line-height: 1.3em;">clearance rate of 78.3%.</span>
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<span style="line-height: 1.3em;">Prior to this week, Melbourne’s clearance rate </span><span style="line-height: 1.3em;">for the year to date was tracking at 77.6%, so this week’s result has </span><span style="line-height: 1.3em;">shown further improvement across an already strong market. </span>
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<span style="line-height: 1.3em;">There were 1,110 </span><span style="line-height: 1.3em;">Melbourne auctions this week, with 961 results reported so far. Over the </span><span style="line-height: 1.3em;">previous week, 1,012 Melbourne auctions were held, and a higher 1,211 were </span><span style="line-height: 1.3em;">held last year, with a clearance rate of 66.6%. </span>
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<span style="line-height: 1.3em;">This past week, the individual </span><span style="line-height: 1.3em;">sub-region of Melbourne with the strongest result was the outer east region, </span><span style="line-height: 1.3em;">where 87.3% of reported auctions were successful.</span>
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<div>The clearance rate increased in Sydney this week to 86.9%, based on <span style="line-height: 1.3em;">preliminary results, signifying that Sydney’s clearance rate of 85.0% last </span><span style="line-height: 1.3em;">week was a brief dip, after the four previous weeks where Sydney’s clearance </span><span style="line-height: 1.3em;">rate was recorded above the 87% mark.</span>
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<div>No stopping the Sydney inner west engine room, as along Sydney’s individual sub-regions, the i<span style="line-height: 1.3em;">nner west region recorded the strongest result with a preliminary clearance </span><span style="line-height: 1.3em;">rate of 94.7% across 76 results. </span>
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<span>The preliminary national auction clearance rate was recorded at 78.4%, according to the </span><span>CoreLogic RP Data weekend market summary.</span>
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<div>Both the number of auctions and the auction clearance rate were up week-on-week, a<span>cross the combined capital cities, with</span><span> data to week ending May 24.</span>
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<div>Last week auction volumes were higher than the prior week, with 2,470 capital city homes taken to auction, compared to 2,232 over the <span>previous week when the clearance rate was recorded at 77.5%. </span>
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<span>But the number of homes taken to auction was lower than </span><span>last year, when 2,786 auctions were held, with its clearance rate last year at 67.1%. </span>
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<span style="line-height: 1.3em;">Brisbane’s preliminary clearance rate across 86 results over the week to May 24 was 51.2%</span><span style="line-height: 1.3em;">, increasing from 50.0% across 136 auctions last week.</span>
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<span style="line-height: 1.3em;">At the </span><span style="line-height: 1.3em;">same time last year, Brisbane was host to 185 auctions with 49.4% of </span><span style="line-height: 1.3em;">properties recording a sale. </span>
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<span style="line-height: 1.3em;">Across the Gold Coast, 40 auction results have </span><span style="line-height: 1.3em;">been reported and based on this, the preliminary clearance rate is 35%.</span>
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<div>Across Adelaide, there were 87 auctions this week, with 65 results collected so <span style="line-height: 1.3em;">far. The preliminary clearance rate of 72.3% is higher than both last </span><span style="line-height: 1.3em;">week (63.8%) and last year (64.2%).</span>
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<div>There have been 20 Perth auction results reported so far this week with a <span style="line-height: 1.3em;">preliminary clearance rate of 25%. </span>
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<div>In Canberra over the past week, 100 auctions were held and so far, 69 results have <span style="line-height: 1.3em;">been reported with a clearance rate of 65.2%. </span>
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Melbourne's outer east and Sydney's inner west the capital city auction hotspots: CoreLogic RP Data

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<p>The exotic Edwardian Middle Park home at 156 Page Street had expectations of more than $3.3 million, but was passed in on a vendor’s bid of $3.4 million at weekend auction.</p>
<p>Title Tattle loves the front yard symmetry, but of course it is the knockout contemporary extension that could be expected to attract the buying interest. </p>
<p>Though the weekend result was the second time it failed to sell, as back in 2013 the $3.55 million desired sale didn't ever happen.</p>
<p>Auctioneer Greg Hocking of Greg Hocking Holdsworth advised there had been three parties interested in <a href="https://www.realestate.com.au/property-house-vic-middle+park-119643335" target="_blank">the four-bedroom Edwardian</a> with contemporary rear extension on its 344 square metre holding.</p>
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<span style="line-height: 1.3em;">It was </span>marketed<span style="line-height: 1.3em;"> as a home from two eras, with</span><span style="line-height: 1.3em;"> significantly extended spaces including a flexible formal living room/fourth bedroom, refined formal dining and superb living/dining areas featuring oak parquetry and a beautifully equipped open plan kitchen.</span>
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<div class="thumb"><span style="line-height: 1.3em;">It last sold at $1.55 million in 2005.</span></div>
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