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

Joel Robinson

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

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

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

Auctions

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The Sydney weekend auction market weakened a tad on Saturday from its record-breaking run of the past few months.
There was a preliminary 84.2% auction success rate today, the second last week of the Autumn selling season.
The peak was the all-time record clearance rate of 89.2% on May 9. It eased to a preliminary 84.4% result last weekend, May 16.
But the May 16 result was revised down to 81%, suggesting it won't be long before heading back into the still strong 70s.
Dr Andrew Wilson, senior economist for the Domain Group, noted the 84.2% preliminary result today was "strong but again below record levels of past month."
Despite the slight overall weakening, auctioneers reported suburbs of intensity.
"Property market has been red hot today," auctioneer Damien Cooley tweeted. His brother Andrew tweeted the #South#market is flying today! Everything selling #overreserve - buyers everywhere!!
This weekend Sydney was scheduled to host over 750 auctions, well ahead of the 556 auctioned last weekend but below the 809 auctioned over the same weekend last year.
CoreLogic RP Data reported the overall clearance rate over the entire week increased in Sydney to 86.9 per cent, based on preliminary results to May 24, signifying that Sydney’s clearance rate of 85.0 per cent last week was a "brief dip," after the four previous weeks where Sydney’s clearance rate was recorded above the 87 per cent mark. 
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The CoreLogic results were based on 770 Sydney auction results reported so far this week, with 950 homes taken to auction. 
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<div> </div>
<div>"Volumes are higher than last week, when 885 residential auctions were held, and lower than last year, when there were 1,115 auctions," CoreLogic RP Data advised.
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<div> </div>
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"One year ago, Sydney’s auction clearance rate was 73.1 per cent, more than 10 percentage points lower than the current level." 
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<div> </div>
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Across Sydney’s individual sub-regions, the inner west region recorded the strongest result with a preliminary clearance rate of 94.7 per cent across 76 results. 
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<div> </div>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr>
<td colspan="2">
Most expensive
</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">9 King Av, Balgowlah NSW 2093, 5 br House, Max Walls International</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$6,000,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">46 Canberra Gr, Brighton East VIC 3187, 4 br House, Hocking Stuart Brighton</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,010,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">41 Grandview Gr, Toorak Gardens SA 5065, 5 br House, Klemich Real Estate Henley Beach</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,320,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_3">
<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">15 Abercrombie St, Newstead QLD 4006, 3 br House, RW - New Farm</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$2,675,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_4">
<td id="rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">57 MacAlister Cr, Curtin ACT 2605, 5 br House, Peter Blackshaw Real Estate Woden &amp;</td>
<td id="rpMostExpensive_tdMostExpensiveSold_4">$1,342,500</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</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">13/107 Broughton St, Campbelltown NSW 2560, 3 br Townhouse, R&amp;W Campbelltown</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$310,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_1">
<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/117 Anderson Rd, Albion VIC 3020, 1 br Unit, Douglas Kay Sunshine</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$146,500</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_2">
<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2" colspan="2">144 Wills St, Peterhead SA 5016, 2 br House, LJH West Lakes</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$250,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3" colspan="2">15 Woodburn St, Marsden QLD 4132, 3 br House, PRD Marsden</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$275,500</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_4">
<td id="rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="rpMostAffordable_tdMostAffordableLocation_4" colspan="2">99 Florey Dr, MacGregor ACT 2615, 3 br House, LJH Belconnen</td>
<td id="rpMostAffordable_tdMostAffordableSold_4">$385,000</td>
</tr>
</tbody></table>
Source APM
Sydney’s south hosted the most number of auctions with 121 listing.
The upper north shore followed with 106, the inner west 100, the city and east 79, the lower north 66, south west 60, the north west 54, the west 53, the northern beaches 47, Canterbury Bankstown 39, central coast 18 and the Blue Mountains with 1 auction scheduled this weekend.
Randwick and Mosman were the most popular suburbs for auctions with 11 auctions each including 6 Dick Street, Randwick where Damien Cooley secured a $3.55 million sale through BHR Bickmore-Hutt Realty, a trophy family home for sale for the first time in 39 years. The three-bedroom house at 6 Dick Street had a reserve price of $3.25 million and five registered bidders. Cooley Auctions also secured the sale of 8 Coogee Street, Randwick at $1.85 million and 72 Canberra Street, Randwick at $1.69 million.
Strathfield foliowed with 10, including 25 Arthur Street (below) which fetched $1,783,000.
It sold with 11 registrations, auctioneer Ricky Briggs advised.
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Surry Hills, Eastwood and Baulkham Hills had nine each. 
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<div class="QuoteTweet-authorAndText u-alignTop">A narrow 1870s Surry Hills terrace fetched $965,000 at auction this afternoon, with its price reflecting recent 20% boomtime price growth.</div>
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It was a <a href="https://www.spencerservi.com.au/index.cfm?page=for_sale.property&amp;id=3588&amp;utm_content=bufferf1321&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer" target="_blank">2.85 metre wide terrace on Terry Street, Surry Hills</a>.
It has been billed as possibly Sydney's skinniest terrace, located near Central Station between Foveaux Street and Kippax Street.
The Spencer &amp; Servi sale was of a two bedroom, one bathroom, two storey terrace on a 38 square metre block.
The weekend auctions resulted in a $1,273,000 median house price sale, which was reflected in a sale by Auctions Services auctioneer Rob Trovato at 10 Blackburn Street, North Rocks which fetched $1.271 million through (below) NNW Property.
<img src="https://i1.au.reastatic.net/456x342/c29e97d6c5b6ccc9be4b27cb6bfac37060aca08031692614c9058f3ab1e6902d/main.jpg" alt="10 Blackburn Avenue, North Rocks" title="10 Blackburn Avenue, North Rocks" data-index="0">
NNW Property has had 10 Hermington Street, Epping sell at $1.1 million, some $70,000 over reserve with 17 registered bidders, 11 of whom took part.
Some 60 plus bids were recorded by Rocky Bartolotto, auctioneer at Auction Services.
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jchancellor-FAypfDUnLy

Still in the 80s, but Sydney auction success rate in decline as winter approaches

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Melbourne's weekend clearance rate of 82 per cent was well up on the 77 per cent last weekend and 71 per cent this weekend last year.
There were 925 auctions reported to the REIV, with Enzo Raimondo the CEO REIV noting 137 sold before.
Some 78 were passed in on a vendor's bid.
The Melbourne rate appears to be strengthening in auction success while Sydney appears to be weakening after its recent sustained peak, suggesting a baton change is nigh.
There was a $710 million Melbourne sales tally from the auctions with a $920,000 median house price and a $630,000 median apartment price.
The REIV reported the clearance as 86% for houses and 76% for aparments.
The top sale was an East Brighton mansion listed through hockingstuart Brighton marketed as blending spectacular indulgence with high tech edge.
The agents suggest it was bringing Boston Brownstone architecture to the bayside suburb over three levels with four bedrooms and four bathrooms.
The bespoke kitchen comes with fish tank, butlers pantry along with grand entry with Graham Geddes oak doors. 
There is an expansive six car basement garage at<a href="https://www.hockingstuart.com.au/46_CANBERRA_GROVE_BRIGHTON_EAST_VIC_3187" target="_blank" style="line-height: 1.3em;"> 46 Canberra Grove</a>.
It also has a “man cave” with surround sound, a games area, a gymnasium, bar and full kitchen.
The trophy home had been listed with $3.7 million plus hopes, and was sold at $4.01 million, having been passed in at $3.7 million.
Port Melbourne was Melbourne’s most popular suburb this weekend with 22 auctions followed by Richmond with 18, Brighton East 17, and South Yarra and Reservoir each with 16.
The cheapest sale at St Albans had been listed with adjusted $255,000 plus hopes -<a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710" target="_blank"> two</a><a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710" target="_blank"> bedrooms</a> - through Barry Plant agents Alex (Chau) Tran and Quyen Tran, but sold for a tad under. It last sold at $32,000 in 1991.<a href="https://www.realestateview.com.au/Real-Estate/4-dumosa-court-st-albans/Property-Details-buy-residential-8696710"> </a>
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REIV TOP 5 HOUSES
1. 46 Canberra Grove, Brighton East $4,010,000 2. 1 Russell Street, Toorak $3,960,000 3. 27 Donna Buang Street, Camberwell $3,370,000 4. 82 Maud Street, Balwyn North $3,083,000 5. 1 Pleasant View Crescent, Wheelers Hill $2,900,888 
REIV TOP 5 BARGAIN HOUSES 1. 4 Dumosa Court, St Albans $247,500 2. 17 Brighton Place, Craigieburn $295,000 3. 1 Moorhen Crescent, Carrum Downs $304,000 4. 1 Mitre Crescent, Frankston North $308,000 5. 43 Trafalgar Street, Albanvale $317,000
REIV TOP 5 APARTMENTS 1. 1001/115 Beach Street, Port Melbourne $2,350,000 2. 114/350 St Kilda Road, Melbourne $2,100,000 3. 2/29 Park Street, South Yarra $1,530,000 4. 4/55-57 Manningtree Road, Hawthorn $1,508,000 5. 9 Tregenna Court, Brighton East $1,420,000 
REIV TOP 5 BARGAIN APARTMENTS 1. 8/35 Stud Road, Dandenong $210,000 2. 2/66 Dundas Street, Thornbury $247,000 3. 7/210 Clarke Street, Northcote $270,000 4. 2/2 May Street, Altona North $280,000 5. 8/9 Murrumbeena Road, Murrumbeena $285,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
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Melbourne weekend auctions head higher to 82% with Brighton brownstone the top seller

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Just one bidder was evident when The Clocktower House in Toorak went to auction on the weekend through Warwick Anderson at RT Edgar.
It was passed in at $3.77 million, but sold at an undisclosed price soon after for what was said to be an "outstanding" offer.
With its bronze clock tower, the residence was originally the garage and chauffeur's residence of the Homeden estate. The Rolls Royce has long gone.
It was converted some 25 years ago.
<a href="https://www.realestateview.com.au/Real-Estate/4-lawrenny-court-toorak/Property-Details-buy-residential-8666570" target="_blank">The Clocktower House</a> building dates from the Nicholas Aspro family days. There was feedback during the marketing campaign that Yehudi Menuhin, who had married Nola Nicholas, had practiced his violin upstairs.
It is now a four bedroom home behind its blackwood and copperlight arched doorway following its renovation by John and Judith McKindley family at an estimated $22,000 cost following its 1979 purchase. 
It sits on a 740 square metre block at 4 Lawrenny Court. It last traded in 1985 at around $450,000.
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Just one bid when Toorak chauffeur's clocktower quarters went to auction

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Australian Property Monitors (APM) has released a list of results from 556 listed auctions in Sydney for the weekend of 16 May. The clearance rate was 84.4%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for May 16 weekend

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The downsizing News Ltd business columnist Terry McCrann secured a stellar $2.95 million when his longtime Camberwell family home sold at weekend auction.
It last traded in 1980 at $86,250, so reflected 10.75% annual price growth over the 35 years.
It had been listed by Jellis Craig agents Chris and Michael Hingston who were initially telling inspectees around $2 million was expected at its 16 May auction.
Houses on the road have sold for as high as $2.3 million, with the last sale a $1.95 million in late 2014.
After opening at $2.5 million, the second bid was enough to put the property on the market at $2.52 million. There were six bidders.
"Across the road – same land size and same house sells late in 2014 for $1,950,000 – why you pay $1 million dollars more," buyers' agent Mal James noted.
"Asian buyers duke it out to $2,950,000," he added.
The timing was nothing about picking the potential peak in the ever-confident eastern suburbs Melbourne residential market, just apparently time to permanently downsize for the family.
The REIV report Melbourne secured a clearance rate of 76 per cent this weekend compared to 80 per cent last weekend and 70 per cent this weekend last year.
There were 803 auctions reported to the REIV, with a $564 million total sales.
REIV TOP 5 HOUSES
1. 60 Buckingham Drive, Heidelberg $5,200,000 2. 43 Orchard Crescent, Mont Albert North $3,570,000 3. 25 Rushall Crescent, Fitzroy North $3,400,000 4. 1A Woorigoleen Road, Toorak $3,400,000 5. 6 Wills Street, Balwyn $3,160,000 
REIV TOP 5 BARGAIN HOUSES
1. 125 Powell Drive, Hoppers Crossing $277,000 2. 25 The Garlands, Craigieburn $290,000 3. 38 Village Avenue, Taylors Lakes $310,000 4. 39 Rokeby Crescent, Craigieburn $325,000 5. 7 Lombardy Avenue, Dromana $330,000
REIV TOP 5 APARTMENTS
1. 5 Olinda Avenue, Beaumaris $2,200,000 2. 3/37 Hartington Street, Kew $1,805,000 3. 5/16-18 Bona Vista Avenue, Surrey Hills $1,405,000 4. 6/103 Lucerne Crescent, Alphington $1,390,000 5. 41B Moylan Street, Bentleigh East $1,386,000 
REIV TOP 5 BARGAIN APARTMENTS
1. 9/6 Garnet Street, Brunswick $225,000 2. 7/723 Princes Highway, Springvale $225,000 3. 2/18A Bloomfield Road, Ascot Vale $254,250 4. 1/7 Gascoyne Way, Truganina $295,000 5. 2/465 Princes Highway, Noble Park $300,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV </a>
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Economics columnist Terry McCrann secures stellar $2.95 million at Camberwell auction

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Melbourne’s booming auction market, with a record 40,000 auctions last year, attracts headlines. But behind the scenes are the quiet achievers: private sales, actually the means by which most homes across Victoria, including in Melbourne, are sold.
While the number of auctions has grown, with vendors seeing the high prices obtained at auction by others and wanting that for their own home, more than 60 per cent of all sales in Melbourne last year were private sales. This resulted in close to 50,000 Melbourne homes being sold through private sale over the 12 months.
While auctions can be favourable to the seller, with the white heat of competition encouraging ever-higher bids and buyers to be highly assertive, private sales avoid that stress. They also allow a longer marketing period than an auction campaign, which is generally a month. 
Traditionally outer suburbs and regional areas, where homes can take longer to sell than in the highly competitive inner suburbs of Melbourne, have been the main centres of private sale activity. 
And last year was no different, with almost all of the top private sale suburbs in Melbourne’s outer region.
The trend has continued in 2015 – with the outer eastern, southern and western suburbs leading the way. Among those with the most private sales this year have been Frankston with 635, Pakenham with 620, Point Cook with 571 and Croydon with 470. Also on the top 10 list were: Mornington, Mooroolbark and Mount Martha.
The active property market in Mildura resulted in 560 private sales for that year, Victoria’s fifth highest total.
What may come as a surprise to some is the number of private sales in Melbourne city itself. In the city of Melbourne there were 717 private sales – a result of the large number of apartment private sales in Docklands and the CBD. Another top performer was the very large middle north suburb of Reservoir, which racked up the highest auction total for the year, and also had the eighth highest total private sales: 409.
While private sale levels are still extremely high, there has been a steady growth in auction levels statewide. So while in January and February last year just 12 per cent of all sales in outer suburbs were by auction, that had risen to 18 per cent in the first two months of this year. Areas with the largest increase in sales by auction included Rosebud, Craigieburn, Edithvale, Springvale and South Morang.
This reflects the value offered by outer suburbs, where population growth is leading to improved infrastructure including shopping centres such as the expanded centre in Craigieburn, transport hubs such as the station at South Morang to which the Epping line was extended, and recreation facilities.
Affordability is also a driver of outer suburban sales in 2015. Melbourne’s most affordable locations at present include Werribee, Hoppers Crossing, Carrum Downs, Wyndham Vale and Hampton Park.
While clearance rates – that is the percentage of properties at auction that sell – are a measure of the health of the auction market, days on the market are the comparable measure for private sales. All the suburbs in which properties sold fastest in February were in outer Melbourne – and, more specifically, outer eastern Melbourne. Top of the list was Croydon Hills with 17.5 days on the market, followed by Croydon South with 19 days and Montrose and Ringwood, both with 21.
Others on the list of the top 10 fastest selling areas were the Basin, Chirnside Park – the biggest improver compared with January, down by 2.5 days to 23, Mooroolbark, Yallambie, Scoresby and Kilsyth.
<a href="https://reiv.com.au/news-resources/latest-news/ceo-steps-down-after-16-years" target="_blank">Enzo Raimondo is the REIV Chief Executive Officer</a>
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Melbourne auction versus private treaty numbers: REIV's Enzo Raimondo

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The combined capital city weighted clearance rate for the past week sat at 78.2% close to its 78.6% rate last week, Corelogic RP Data figures show for the week to May 10.
 
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Thirteen of the 15 weeks of auctions this year have cleared above 74%.
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The number of homes taken to auction last week fell slightly to 2,385, compared with 2,540 over the previous week. 
The overall strength across the combined capital city market is showing no sign of slowing down, with 13 of the 15 weeks in which auction results have been reported on so far this year seeing the clearance rate at, or above, 74%. 
Over the corresponding week last year, the clearance rate was 65% and 1,535 auctions were held. 
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In Melbourne, 77.5% of the 938 reported auctions sold in the week to May 10.
There were 1,064 auctions held across the city, down from 1,139 last week when the final auction clearance rate was 81.7% and higher than the 710 auctions held one year ago, with a notably lower clearance rate (61.9%). The inner region of Melbourne had the highest number of auctions this week (231), with a clearance rate of 71.1%. Meanwhile, the strongest clearance rate was recorded across the South East and Outer East region, where preliminary results show 9 in every 10 homes taken to auction sold.
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Across Sydney, 924 homes were taken to auction last week with a preliminary clearance rate of 88.7% across 726 reported results. The latest results show that Sydney’s record strong conditions are continuing. In the prior week, the final clearance rate for the city was 87.3%, which prior to being overtaken this week, had been the cities second strongest result on record across 914 auctions.
One year ago, 618 Sydney homes were taken to auction with a clearance rate of 73.3%. Last week, the performance across Sydney’s individual sub regions was varied. Across the Central Coast, where 21 results have been reported so far, the clearance rate was 51.1%, while across Blacktown (96.0%), Ryde (93.6%) and North Sydney and Hornsby (92.9%) the success rate of auctions was much higher.
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There were 176 Brisbane auctions last week with a preliminary clearance rate of 55.5%, having increased from 47.3% in the prior week across 192 auctions and higher than one year ago when there were 89 auctions with a success rate of 46.7%. The Gold Coast’s preliminary clearance rate was 41.8% across 55 results this week.
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A total of 92 Adelaide homes were auctioned last week and the preliminary auction clearance rate of 63.9% is just higher than the 62.8% from the previous week across 167 auctions. One year ago, although Adelaide’s clearance rate was comparable at 62.3%, there were far fewer auctions (57). 
In Perth, 42 auctions took place last week, with 19 results reported so far. Perth’s preliminary clearance rate of 26.3% across these 19 results is similar to both last week’s result (29.4%) and the clearance rate from one year ago (25.0%). 
Canberra’s preliminary auction clearance rate of 63.0% last week is lower than last week, when the final auction clearance rate was 83.0 per cent and higher than the 57.1% recorded last year. So far this year, Canberra’s auction clearance rate has been substantially stronger when compared to previous years. 
Tasmania saw 11 auctions take place last week, 7 results have been reported so far, with 3 sales.  
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Auction clearance rate 13% higher than May 2014 nationally: CoreLogic RP Data

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A Lilyfield home with authentic 1950's kitchen with breakfast nook fetched $1.21 million at weekend auction.
The three bedroom 1900 Federation home on 215 square metre block finishes off the authentic 50s package with Hills Hoist on the rear lawn.
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The <a href="https://www.pilcher-residential.com/4948414/16-Starling-Street-Lilyfield" target="_blank">16 Starling Street offering</a> through Pilcher Residential came with price guidance over $1.05 million.  
There was also attendance by former Prime Minister John Howard who was there filming the 1950s house as part of a documentary on the Menzies era.
No bowl of fruit evident, nor plate of lamingtons or the Daily Mirror newspaper.
"Owned by the same family since 1946, the house is being sold with its vintage furniture included," listing agent Simon Pilcher said.
The buyer was a bit overwhelmed on Saturday as former Prime Minister John Howard was in attendance.
As a bonus for the winning bidder Simon Pilcher donated a copy of John Howard’s book The Menzies Era, which John Howard was kind enough to sign for her.
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<a href="/expert-insights/buying/badgerys-creek-bonanza-showing-up-at-auction-as-sydney-auctions-hover-at-89">Back in Wollstonecraft</a> was the weekend's top auction - not too far from where John and Janette reside.
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1950s Lilyfield $1.21 million million sale - furniture and John Howard attendance thrown in 

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Sydney's clearance rate has remained above 80% for 13 consecutive Saturdays, excluding Easter.
It was at 89.2% today, on initial results, up a tweak on last weekend's initial 89.1%, according to APM.
It was a new high, but it needs to be noted revised results actually put last weekend at 86.5%, a not unexpected reduction that comes with tardy late results from agents who don't like to advise auction failures especially in the current boom markets. 
The median auction sale price was $1.25 million for houses and $785,000 for units, with $486 million in sales secured.
The inner west hosted the most number of auctions with 109, followed by the south with 98.
Blacktown, Earlwood and Wollstonecraft hosted the most number of auctions of any Sydney suburbs this weekend with 10 each.
Overall auction numbers however are slightly down this year with 8258 listings compared to 8400 over the same period last year, Dr Andrew Wilson Domain Group APM's senior economist noted.
A Badgerys Creek two hectare offering at 211-217 Martin Road fetched $2.64 million today.
The two hectares of land included two houses in the vicinity of the proposed second airport.
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Investors paid $2.64 million (below) through selling agent Mark Bargallie of United Residential &amp; Prestige.
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After it was promoted by Rocky Bartolotto at Auction Services as selling at "an incredible $590,000 over reserve price," social media debate followed with property commentator Edwin Almeida suggesting the sale figure suggested "the agent didn't know the value of the land to start of with."
Property Observer has sought agent comment, but it would appear the comments are a little unfair given the tightly held, dynamic market. Perhaps the auctioneer needn't have made such a big issue of the result.
CoreLogic RP Data shows the last Martin Road, Badgerys Creek sale of a two hectare block was at $1.35 million in 2013 and there was a four hectare holding that fetched $1.32 million in 2012.
There has only been the one recorded sale in the past year which was $910,000 for two hectares on Lawson Road.
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The top sale was Clenalla, a 1920s house (above) on level 999 square metre parcel at Wollstonecraft. McGrath agents Annika and Aaron Bongiorno had given $4 million plus price guidance on the house which last traded for $1,322,000 in 1990.
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<th align="center" width="auto">Location</th>
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<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0">10 Tryon Av, Wollstonecraft NSW 2065, 5 br House, </td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$4,450,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1">40 Anderson Rd, Hawthorn East VIC 3123, 4 br House,</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,820,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2">1d Kyle St, Glenside SA 5065, 3 br House,</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,000,000</td>
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<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3">2/680 Jesmond Rd, Fig Tree Pocket QLD 4069, 5 br House, </td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,800,000</td>
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<h2>APM Most affordable </h2>
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<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0">26/44-50 Ewart St, Marrickville NSW 2204, 1 br Unit, L J Hooker Marrickville/Dulwich Hil</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$320,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1">3 Crossley Cr, Coolaroo VIC 3048, 3 br House, Barry Plant Glenroy</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$235,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2">19 Burt Av, Hilton SA 5033, 2 br House, HAR Kiritsis Property</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$411,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3">52 Holborn St, Deception Bay QLD 4508, 4 br House, LJH Redcliffe</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$255,000</td>
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Badgerys Creek bonanza showing up at auction as Sydney auctions hover at 89%

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A strong clearance rate of 81 per cent was recorded across Melbourne this weekend compared to 68 per cent this weekend last year.
There were 889 auctions reported to the REIV today, with the REIV expecting about 1,080 auctions in 263 suburbs.
The top auction suburbs were Reservoir with 19 auctions followed by Richmond and Kew with 14 auctions.
Total sales at auction was $679 million with the clearance rate for houses sitting stronger than apartments - 84% at a $900,000 median against 73% with a unit median price of $610,000.
On the prior May 2 weekend there was a revised 79% success rate when there were 1060 auctions reported to the REIV.
Enzo Raimondo, the REIV chief, said auction sales continued to be the driving force of price growth in the million dollar suburbs.
The majority of million dollar properties (nearly two thirds) sold in these suburbs in the March 2015 quarter, have been sold at auction.
The million dollar suburbs with the highest proportion of auctions as a percentage of total sales were Kew East (81 per cent), Mont Albert (81 per cent), Camberwell (78 per cent), Carlton North (78 per cent), Surrey Hills (76 per cent) and Clifton Hill (75 per cent) – all upwards of 75 per cent. 
The Toorak home of Tony Suhan, the Australian importer and distributor of Advanti alloy wheels and Nexen tyres, sold before its scheduled auction price undisclosed.
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It is a townhouse (photo above) designed by Nicholas Day with three bedrooms, a home cinema, living and dining spaces and a private north-facing garden. It has an internally accessed basement double garage. 
Marshall White agents Marcus Chiminello and Nicole French secured the pre-auction sake of the <a href="https://www.marshallwhite.com.au/7e-woorigoleen-road-toorak-174607/" target="_blank">7E Woorigoleen Road listing</a>. There had been reported $2.7 million hopes. 
It cost $2.7 million in 2011 with the 1999-built townhouse first sold at $1.11 million. 
REIV TOP 5 HOUSES
1. 40 Anderson Road, Hawthorn East $4,820,000 with tennis court 2. 11 Flintoft Avenue, Toorak $4,350,000 3. 53-63 Bridge Street, Port Melbourne $3,690,000 4. 11 Peppin Street, Camberwell $3,510,000 5. 15 Bridge Street, Hampton $3,100,000
REIV TOP 5 BARGAIN HOUSES
1. 3 Crossley Crescent, Coolaroo $235,500 knockdown 2. 14 Elizabeth Avenue, Werribee $248,000 3. 54 Gillingham Crescent, Craigieburn $271,000 4. 19 Mudie Avenue, Sunbury $281,000 5. 2 Medinah Close, Sunbury $307,500
 
REIV TOP 5 APARTMENTS
1. 43A Thanet Street, Malvern $2,106,000 2. 61B Iona Street, Black Rock $2,000,000 3. 2/11 Tollington Avenue, Malvern East $1,855,000 4. 17 Princes Street, Port Melbourne $1,450,000 5. 5/86A Marine Parade, Elwood $1,420,000 
REIV TOP 5 BARGAIN APARTMENTS
1. 4/119 Jetty Road, Rosebud $220,000 one bedder 2. 21/294 Nicholson Street, Seddon $240,000 3. 5/18 Currajong Street, Thomastown $244,000 4. 3/16 Lawn Crescent, Braybrook $272,500 5. 4/12 Barry Street, Reservoir $297,500
Source<a href="https://www.reiv.com.au/Property-Research" target="_blank"> REIV</a>
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Developments

New apartments

New townhouses

News