<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

Joel Robinson

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

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.

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 

Auctions

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Currently, CoreLogic RP Data is tracking 2,651 auctions across Australia for this week, with 2,177 scheduled across the capital cities.
 Last week there were 2,540 capital city auctions and over the same week one year ago, there were 1,535 capital city auctions. Last year, 65.0% of the homes taken to auction sold, which is a softer result when compared to current activity. Last week, the final weighted average clearance rate was 78.6%, yet another strong result in what has been a record strong year for auctions so far, mostly driven by the solid results across Sydney.
There are 961 Melbourne homes set to go to auction this week, 1,139 Melbourne homes were taken to auction last week, with a final auction clearance of 81.7%. Last year there were 710 Melbourne auctions over the corresponding week.
Currently, in Sydney, 854 auctions are expected this week, compared to 914 last week and a lower 618 at the same time last year. Last week, Sydney’s final auction clearance rate was 87.3%, the second highest result on record for the city. Given the latest rate cut by the RBA, we anticipate another strong result again this week, with the clearance rate potentially shifting even higher.
In Brisbane, last week’s auction clearance rate was 47.3% across 192 auctions, while this week, the number of homes taken to auction is set to fall to 151.
Adelaide is expecting 90 auctions this week, a much lower number when compared to last week, when there were 167 auctions, but comparable to the same time last year, when 89 Adelaide homes were taken to auction.
There are currently 75 auctions scheduled across Canberra this week, compared to 59 last week and 33 last year.
Across Perth, 38 auctions are expected this week, compared to 47 last week and just 15 at the same time last year.
Across Australia the highest volume of auctions in one suburb are the 21 in Reservoir, Victoria.
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smiller-vwPjRHTkST

Increased sales at auction a likely result of the latest interest rate cut: Shana Miller

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Around 600 plus potential buyers have looked at the listing of a forthcoming online Melbourne off the plan apartment auction.
It sits on the bidRhino.com online property auction website, which has launched its service with an off the plan auction offering at 603/79 Market Street, South Melbourne.
Bidding was scheduled to start today on <a href="https://thewalkerapartments.com.au/plans/603.jpg" target="_blank">the 61 square metre apartment</a> in the ITUM-developed project. The bids are sought at $530,000 plus.
The live, auction portal aims to revolutionise the property market as residential properties can be listed and potential buyers or tenants can securely bid with just a digital click. 
bidRhino.com online auctions are being marketed as an easy method for sale
bidRhino director Michael Cavey said the basic fee for selling property is $498. 
“bidRhino.com supports the research habits of hundreds and thousands of home-buyers and sellers with over 90% of all property buyers doing all their research solely online," he said.
 <img src="/images/2015/04/24/off-april-24-three.jpg" alt="">
<a href="https://www.bidrhino.com.au/vic/for-sale/South-Melbourne/603/79-Market-Street/id-1546" target="_blank">With initial $575,000 plus price guidance</a>, the auction opportunity is to secure an off the plan property in The Walker apartment complex.
Positioned in the heart of South Melbourne, which is due for early 2016 completion.
This apartment comprises two bedrooms, one bathroom, and an open terrace, in the 67 apartment building that has an architecturally adapted heritage façade.
<img src="/images/2015/04/24/off-april-24-four.jpg" alt="">
<img src="/images/2015/04/24/off-april-24-five.jpg" alt="">
It is anticipated that each property will be listed online for three to six weeks, during which time bidders can register to bid on any property.
Once the auction itself begins, all registered and approved bidders can bid on the property until the auction is finished. 
When the auction has ended and the reserve price or weekly, rental price has been met, the highest bidder becomes the successful purchaser. 
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jchancellor-FAypfDUnLy

bidRhino.com online South Melbourne auction offering attracts 600 online inspectees

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Sydney's cheapest auction offering sold a week before Saturday's scheduled auction at Cabramatta.
It went for $400,000 through Sam Tea at Richardson &amp; Wrench Cabramatta. There were just nine sales at weekend auction at $500,000 or below.
The 39/65 McBurney Road, Cabramatta apartment was a two bedroom with balcony.
It last sold at $260,000 in 2011 and $216,000 in 2004, and at $98,500 in 2001.
The late 1970s block's previous highest sale was $370,000 in late 2014 for a 68 square metre two bedroom. It was then put out for rent at $310 a week, reflecting around 4.3% rental yield.
It sold in 2001 at $103,000.
Sydney's other sub-$500,000 weekend auction sales were:
7/10 Betts Avenue, Blackhurst, one bedroom unit $460,000
8 Leonard Street, Colyton, three bedroom house $471,000
8/21 Mount Street, Constitution Hill two bedroom house $490,000
18/12 Enmore Road, Newtown studio $460,000
16/13-17 The Strand, Rockdale one bedroom unit $435,000
9/16-18 Roslyn Gardens, Rushcutters Bay studio $432,000
24/543-551 Elizabeth Street, Surry Hills studio $455,000
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Cabramatta had Sydney's cheapest auction offering - what you get for $400,000

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This week there were 2,419 capital city auctions held and the preliminary clearance rate was 79.0%, a good start to May, following on from last week’s record result (82.3%) across the capital city auction markets, when just 604 auctions were held.  
This week’s preliminary clearance rate is the third strongest combined capital city clearance rate on record, topped only by last week’s clearance rate and the 79.7% recorded in mid-September 2009. At the same time last year, 2,053 homes were taken to auction and the clearance rate was 63.2%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Capital-City.jpg"><img class="aligncenter size-full wp-image-4639" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Capital-City.jpg" alt="20150503 Capital City" width="983" height="735"></a>
Melbourne’s preliminary clearance rate this week was 81.3%. There were 1,110 auctions held across the city and so far 963 results have been reported. Last week, only 183 Melbourne homes were taken to auction, however demand was still strong, with 86.6% of homes selling.
 One year ago, Melbourne’s clearance rate was almost 20 percentage points lower, at 61.9%, while auction volumes were also lower, with 891 auctions held. This week, six out of the nine individual Melbourne sub-regions saw auction clearance rates above the 80% mark. The strongest performer this week was the Outer East region, where, across the 72 results reported, 65 were sold (90.3%).
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Melbourne.jpg"><img class="aligncenter size-full wp-image-4634" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Melbourne.jpg" alt="20150503 Melbourne" width="988" height="664"></a>
There were 839 Sydney auctions this week with a preliminary clearance rate of 87.3%, down from 89.7% last week and much higher than the 71.4% from one year ago. 
This week marks the 13th week in a row where Sydney’s clearance rate has been above 80%, and based on preliminary results, this is the third week in a row where Sydney’s clearance rate has been recorded at 87% or more. These strong results are no surprise given that one third of Sydney’s individual sub-regions recorded a preliminary clearance rate in excess of 90%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Sydney.jpg"><img class="aligncenter size-full wp-image-4636" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Sydney.jpg" alt="20150503 Sydney" width="990" height="672"></a>
This week, Brisbane’s preliminary clearance rate fell to 49.5% from 61.5% last week and 42.4% at the same time last year. There were 186 Brisbane auctions this week, compared to 41 last week and 142 last year. Across the Gold Coast there were 90 auctions held this week and so far 53 results have been reported with just 17 sales.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Brisbane.jpg"><img class="aligncenter size-full wp-image-4638" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Brisbane.jpg" alt="20150503 Brisbane" width="973" height="654"></a>
In Adelaide 158 auctions took place this week with a clearance rate of 72.5%. In comparison, at the same time last year, 97 Adelaide homes were taken to auction and 62.7% were reported as sold.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Adelaide.jpg"><img class="aligncenter size-full wp-image-4637" src="https://blog.corelogic.com.au/wp-content/uploads/2015/05/20150503-Adelaide.jpg" alt="20150503 Adelaide" width="987" height="661"></a>
A total of 45 Perth homes were taken to auction over the week, up from 12 last week. Based on the preliminary results, Perth’s auction market was relatively soft this week, with just 27.8% of the 18 reported auctions sold so far, compared to 42.9% last week.
In Canberra, the auction clearance rate increased to 81.5% this week, from 71.4% last week.
This week, 15 Tasmanian auctions were reported to CoreLogic RP Data, with 6 sales.
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Third strongest combined capital city clearance rate on record: Shana Miller

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Sydney recorded an 89% auction clearance rate this week, according to Australian Property Monitors.
Of the 580 auctions reported, 530 sold and 15 were withdrawn.
One that was passed in on Saturday was <a href="https://www.domain.com.au/property/for-sale/house/nsw/sylvania/?adid=2011939600" target="_blank">8 Canberra Road in Sylvania</a> (pictured below), in southern Sydney. Listed by Exclusively Property with a $1.26 million price guide, the four bedroom house was passed in $1,205,000. The 15 year old property remains listed at $1.26 million.
<img src="/images/2015/05/04/sylvania%20may%204.jpg" alt=""> According to listing agent Vanessa White, the vendors are still keen to get $1.26 million for the home.
"And that's their prerogative as the vendor, isn't it," she says. "We're not in the business of giving homes away for free, we've got to try to get the best price."
The single level, four bedroom house sits on a 721 square metre plot.
Another that failed to sell at auction this weekend was <a href="https://www.domain.com.au/property/for-sale/house/nsw/auburn/?adid=2011889186" target="_blank">8 Pine Road in Auburn</a> (pictured above).
The three bedroom house was passed in at its auction on Saturday afternoon. The north-facing, 505 square metre site is zoned R3, which allows medium density redevelopment with the council's consent.
The house has one bathroom, two kitchen and multiple entertaining areas. After failing to sell at auction, it has been relisted at $1,020,000.
Closer to the city, <a href="https://www.domain.com.au/for-sale/104c-wells-street-newtown-nsw-2042-2011895750" target="_blank">104c Wells Street</a> (pictured below), a three bedroom, attached house in Newtown was passed in at $1.29 million. The renovated period house is on a tight 108 square metre site. Listing agent Hugh Mcfarlan of Raine &amp; Horne Chatswood/Willoughby, who marketed the property, tells Property Observer the auction saw competitive bidding, with three active bidders.
While the bidders didn't get to the vendor's desired price under the hammer, the property is currently under contract after negotiations with one of the bidders, with a price above $1.3 million.
<img src="/images/2015/05/04/newtown%20may%204.jpg" alt=""> <a href="https://www.domain.com.au/property/for-sale/house/nsw/chatswood/?adid=2011890153" target="_blank">15 Centennial Avenue in Chatswood</a> (pictured below) was listed with a price guide over $3 million. The four bedroom, two bathroom property comes with development approval for two separate units, with 11 bedrooms total. The north-east facing corner site is located close to Chatswood High School and the railway station.
<img src="/images/2015/05/04/chatswood%20may%204.jpg" alt="">
The home passed in at auction at $3 million. It's understood the vendors have expectations around $3.4 million to $3.5 million, and negotiations are taking place with a bidder who put in a $3.25 million offer. Vendors paid $418,000 for the property in October 1994.
In Bronte, <a href="https://www.realestate.com.au/property-house-nsw-bronte-119412567" target="_blank">144A Hewlett Street</a> (pictured below) was passed in at $5.1 million. The contemporary home by architect Michael Folk has four bedrooms and three bathrooms, with views over Bronte Beach and a swimming pool.
<img src="/images/2015/05/04/bronte%20may%204.jpg" alt=""> Listing agent Simon Exleton of McGrath Edgecliff says bidding opened at $4.8 million, with three registered bidders.
"When you get in the five million range, it starts to get a bit clunky", Exleton says of the premium auction market. The vendors are still negotiating with buyers, hoping for a price in the mid-$5 million range.
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jrichardson-uRX5hFdKfN

The 11% that didn't sell in Sydney auctions

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Marshall White auctioneer James Tostevin secured a strong $6.35 million result when <a href="https://www.marshallwhite.com.au/57-broadway-camberwell-235798/" target="_blank">57 Broadway, Camberwell</a> went to weekend auction.
Tostevin was recently<a href="/news/james-tostevin-secures-third-win-as-australias-top-selling-agent"> named Australia's top selling selling agent</a> for the third consecutive year by Real Estate Business.
The auction was held in the park opposite the house, starting with a $5.2 million vendor bid. The 1896 home last sold at in December 2003 at $1,577,500.
Buyer's agent Mal James recalled there was a queue to get in during the open for inspections.
"While different, it had many similarities with the home we bought over $6 million a few doors away with the same agent (James Tostevin), same type (big period), same overseas buyer interest, same locale (Tara estate) a little while ago," James advised.
"Same incredibly strong turnout and result north of $6 million occurred for this brilliantly presented home – the value of fastidiousness and attention to detail was as good as I’ve seen – well done seller."
Ailu (pictured below), the 1885 Camberwell mansion, became the suburb's record price holder at auction last May. It fetched $6.8 million at its Marshall White auction with three strong bidders.
<img src="/images/2014/05/26/camberwell_0000_1.jpg.jpg" alt="Ailu, the 1885 Italianate Camberwell mansion, fetches $6.8 million record price">
The landmark Italianate, slate roofed Victorian residence on a 1,580 square metre block, last sold for $1.1 back in 1996. Locals advise that the earlier Camberwell record was set when lawyers Peter Gordon and partner Kerri O'Toole secured $6.275 million in 2012 for 69 Broadway. It was a five bedroom 1901 home on a 3300 square metre holding sold through Kay &amp; Burton which had likewise sold in the mid-1990s, selling at $1.25 million in 1998.
CoreLogic RP Data puts <a href="/news">Camberwell</a>'s median at a near record $1.38 million. 
CoreLogic RP Data's latest sale advisory gave the cheapest Victorian home to sell as 228 Broadway, Dunolly (pictured below) for $110,000 through Kate Ashton at Ballarat Real Estate. The Central Goldfields Shire district cottage last sold at $78,000 in 2008.
<img src="/images/2015/05/04/dunolly%20may%204.jpg" alt="">
There are 13 Broadway's across Victoria from Altona North to Wycheproof.
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Broadway homes star in recent Victorian sales- both at the cheapest and dearest ends

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Sydney's weekend clearance rate has headed even higher to 89%.
On busy weekends during the Autumn selling season, the auction success rate has incrementally risen to regular new record levels.
And APM put Melbourne at 82%.
A home in Sydney's Burwood was the top sale at $3.45 million through Raine &amp; Horne agent Guy Lorello who was giving $2.6 millii plus guidance.
The <a href="https://www.realestateview.com.au/Real-Estate/13-ethel-street-burwood/Property-Details-buy-residential-8557388" target="_blank">five bedroom 13 Ethel Street offering</a> sits on an elevated 854 square metre complete with a north facing rear garden and BBQ gazebo plus a huge three-car garage with internal access.
The block cost $520,000 in 1998, with the house built at least 12 years ago.
<a class="photobox cboxElement" href="https://www.realestateview.com.au/portal/viewphotos?OID=8557388&amp;popup=photos" style="line-height: 1.3em;"><img src="https://images.realestateview.com.au/pics/388/13-Ethel-Street-Burwood-NSW-2134-Real-Estate-photo-1-large-8557388.jpg" alt="13 Ethel Street Burwood NSW 2134 Real Estate Photo 1" title="13 Ethel Street Burwood NSW 2134 House - Photo 1"></a>
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<div id="soldbanner">In Melbourne it was an unrenovated knockdown on <a href="/expert-insights/buying/flight-centres-geoff-harris-extends-wings-on-st-vincent-place-albert-park">Albert Park's exclusive St Vincent Place</a>.</div>
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<div>April's overall auction clearance rate of 83.6 percent was an all-time monthly high for Sydney just ahead of the previous record set in March this year of 82.8 percent.</div>
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Only the Melbourne market of winter 2001 recorded higher auction clearance rates than Sydney is currently experiencing - and only just, APM senior economist Dr Andrew Wilson said.
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<div>Sydney’s red hot auction market took a rest over ANZAC Day last weekend following weeks of recording breaking results which had peaked at 88%.</div>
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The inner west hosted the most number of auctions this weekend in Sydney with 99 followed by the city and east and the upper north shore each with 91, the south 88, and the lower north 62.
The most popular Sydney suburb for auctions was Lane Cove North with 12 followed by Mosman and Epping each with 11.
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<h2>APM's most expensive </h2>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr bgcolor="#4b9aaf">
<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location </th>
<th align="left" width="80">Value Sold </th>
</tr></thead>
<tbody align="left">
<tr id="rpMostExpensive_trMostExpensiveRow_0">
<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0">13 Ethel St, Burwood NSW 2134, 5 br House, R&amp;H Burwood</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$3,450,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1">67 St Vincent Pl, Albert Park VIC 3206, 3 br House, Greg Hocking Holdsworth</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$4,210,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2">44 Marion St, Unley SA 5061, 3 br House, Belle Property Unley</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$1,210,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_3">
<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3">15 Sentinel Ct, Cleveland QLD 4163, 5 br House, East Coast Residential &amp; Prestige</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,950,000</td>
</tr>
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</table>
 
<h2>APM's most affordable </h2>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr bgcolor="#4b9aaf">
<th bgcolor="#4694a9" width="70">CITY </th>
<th align="center" width="auto">Location </th>
<th align="left" width="80">Value Sold </th>
</tr></thead>
<tbody align="left">
<tr id="rpMostAffordable_trMostAffordableRow_0">
<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0">34 Katoomba Av, San Remo NSW 2262, 3 br House, R&amp;H Charmhaven</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$317,000</td>
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<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1">11 Jacks Wy, Maribyrnong VIC 3032, 4 br House, Rendina Real Estate</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$100,000*</td>
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<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2">3 Napoleon Ct, Paralowie SA 5108, 3 br House, LJH Walkerville</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$330,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3">2/111 Kingston Rd, Woodridge QLD 4114, 2 br Townhouse, HAR M1</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$166,000 
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APM's price records seemingly dropped a 0, as the property was marketed with $950,000 hopes. 
 
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Sydney's weekend clearance rate heads even higher to 89%

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A strong clearance rate of 80% was recorded at Melbourne auction, after 905 auctions were reported to the REIV.
It compared to 69% this weekend last year.
The highest sale reported to the REIV was $4.21 million in Albert Park, with <a href="/expert-insights/buying/flight-centres-geoff-harris-extends-wings-on-st-vincent-place-albert-park">whispers it sold to the neighbouring BRW Rich Lister Geoff Harris</a>.
There was a total volume of $642 million with the 83% success rate for houses triggering an $839,000 median house price sale, according to REIV chief Enzo Raimondo. 
The clearance rate for apartments was 74% with a median $616,000 price.
Unreported sales included $2,565,000 for the Wayne Gillespie-designed Toorak house of the Sydney-based TV presenters Andrew Denton and Jennifer Byrne.
Fairfax Media reported it had last sold at $2.35 million in 2010, reflecting less than 2% annual price growth. There were four bidders after the opening $2.2 million offer.
The four-bedroom house at <a href="https://www.realestateview.com.au/Real-Estate/24-woodside-crescent-toorak/Property-Details-buy-residential-8615230" target="_blank">24 Woodside Crescent</a> (pictured above) was listed through Kay &amp; Burton. It sits in a cul-de-sac with a pool and European-inspired terrace.
It was briefly advertised for rent at $1700 a week in May last year.
Another Toorak home, also bought in 2010 was sold at weekend auction for $4.6 million, having been bought for $3.79 million at 7 Power Avenue.
The Georgian-style, three-storey house at 7 Power Avenue was first sold by Neil and Nada Youren at $1.25 million, the top sale at the weekend when it was offered in 1995. The 772 square metre block cost $500,000 in 1994.
The most popular suburbs for auctions across Melbourne were South Yarra, Preston, Reservoir, Cheltenham, Brunswick and Glen Waverley this weekend.
REIV TOP 5 HOUSES 
1. 67 St Vincent Place, Albert Park $4,210,000 2. 23 Orrong Road, Elsternwick $3,010,000 3. 9 Glenview Avenue, Malvern $2,990,000 4. 37 Hopetoun Avenue, Canterbury $2,830,000 5. 81 Bogong Avenue, Glen Waverley $2,510,000 
REIV TOP 5 BARGAIN HOUSES 
1. 2 Chelmsford Crescent, St Albans $300,000 2. 13 Photinia Street, Doveton $302,000 3. 28 Welwyn Parade, Deer Park $313,000 4. 19 Deveney Street, Pakenham $315,000 5. 3 Eugenia Street, Doveton $320,500
REIV TOP 5 APARTMENTS 
1. 2/27 Darling Street, South Yarra $2,175,000 2. 3B Bryson Avenue, Brighton $2,115,000 3. 32A Sunlight Crescent, Brighton East $1,755,000 4. 20 Waverly Street, Sandringham $1,677,000 5. 10A Butler Street, Camberwell $1,485,000 
REIV TOP 5 BARGAIN APARTMENTS 
1. 4/6 Mayston Street, Hawthorn East $201,000 2. 5/6 Mayston Street, Hawthorn East $230,000 3. 36A Windrock Avenue, Craigieburn $236,000 4. 180A Grand Boulevard, Craigieburn $242,500 5. 36 Windrock Avenue, Craigieburn $257,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a>
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Less than 2% annual price growth as Andrew Denton and Jennifer Byrne secure Melbourne auction sale 

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CoreLogic RP Data is currently tracking 2,871 auctions across Australia this week and 2,295 of these are in the capital cities. At the same time last year, auction volumes were lower at 2,053.
Last weekend marked the final weekend for auctions in April and while the number of auctions was low, the combined capital city clearance rate remained strong, showing that the demand for the homes that did make it to auction did not waver. The final auction clearance rate for last week was 82.3% across 604 auctions. While last week’s clearance rate is the strongest result on record, given Anzac Day, auction volumes were around 70% lower than the average number of auctions that has been held each week so far this year.
Last week’s result brings the April clearance rate for the combined capitals to 78.8%, well above the same time last year when the clearance rate over the month was 66.4% and higher than the 76.6% recorded in March.
Currently, there are 1,033 auctions scheduled in Melbourne for this week, compared to 891 at the same time last year. Last week, the clearance rate across the 183 auctions held was 86.6%, a strong result, despite the low volume. Last week’s result brings the clearance rate for April to 79.7%.
In Sydney, the auction clearance rate for last week was 89.7% across 285 auctions. The result was the strongest on record for the city; however, given the low number of auctions, it could be argued that it was not as significant as the 87.0% recorded across 988 auctions the previous week. This week, Sydney is expecting 815 residential auctions. Over the past four weeks, April proved to be a strong month for Sydney, with the auction clearance rate above 83% each week.
There are 172 auctions expected across Brisbane this week, compared to 41 last week and 142 at the same time last year. The final auction clearance rate was recorded at 61.5% for Brisbane last week, a strong result for the city.
This week, Adelaide is expecting 156 auctions, up from 59 last week and 97 at the same time last year. Last week Adelaide’s clearance rate was 59.2%.
Canberra’s auction clearance rate from last week was 71.4% with just 23 homes taken to auction. This week, CoreLogic RP Data is expecting 55 auctions which are relatively similar to the 47 homes taken to auction one year ago.
There will be 43 Perth homes taken to auction this week, up from 12 last week and 41 at the same time last year.
The highest volume of auctions for any one individual suburb this week is outside of the main capital city auction markets in Armidale, New South Wales. Currently, CoreLogic RP Data is tracking 21 Armidale homes that are set for auction this week. The number of auctions scheduled in the Victorian suburbs of South Yarra (18) and Reservoir (17) is also high.
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Residential auction markets set to become busy again: Shana Miller

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The Elizabeth Bay home of the historian Victor Crittenden, who died last May, fetched $700,000 at Cooley Auctions this week.
He had long been a longtime Elizabeth Bay local, buying some four decades ago.
The one bedroom apartment, with study, was set on the top floor of the art deco block, Chesham.
It sold through Brigitte Blackman at LJ Hooker.
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