National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more internation and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

Joel Robinson

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

<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>

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

Auctions

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The Easter weekend's priciest auction offering, Lido at Portsea (pictured above), didn't sell at 148 Back Beach Road.
Kay &amp; Burton had Lido, a classic two storey holiday home with plenty of accommodation, decking, swimming pool and private gardens on 1,500 square metres with views over <a href="https://www.realestateview.com.au/Real-Estate/148-150-back-beach-road-portsea/Property-Details-buy-residential-8445140" target="_blank">Port Phillip Bay and the Southern Peninsula coastline</a>. But it did not sell.
But plenty of low-key sales were achieved, especially at Victoria's coastal locations, and most came with undisclosed auction and private treaty prices.
Disclosed auction sales on Saturday and Sunday peaked with a cottage sale of $395,000 at St Andrews Beach. It last sold in 2007 at $270,000.
The <a href="https://www.realestateview.com.au/Real-Estate/31-tiberius-road-st-andrews-beach/Property-Details-buy-residential-8433254" target="_blank">31 Tiberus Street, St Andrews Beach</a> was a permanent rental at $230 a week. It was listed with $295,000 plus price guidance through hockingstuart.
Land sales ranged up to a $265,000 block of land at San Remo.
There were no bids when 8 River Reserve Road, Aireys Inlet was put to auction, having been listed with $950,000 plus hopes.
<a href="/expert-insights/buying/fairhaven-clifftop-house-sells-for-3-million-before-easter-auction">A Fairhaven holiday house has sold for $3 million</a> before its scheduled Easter Sunday auction.
The double storey home at Lialeeta Road was listed with $2.75 million to $3 million price expectations by Marty Maher and Mim Atkinson of Great Ocean Properties Aireys Inlet.
Kay &amp; Burton secured <a href="https://www.realestateview.com.au/Real-Estate/4-benjamin-parade-blairgowrie/Property-Details-sold-residential-8444826" target="_blank">a Blairgowrie sale</a> at an undisclosed price. It last sold in 2007 at $1.23 million.
A Talbot Street, Barwon Heads house sold at an undisclosed price as did 41 The Esplanade, Portarlington, which had been a private treaty offering with $849,000 hopes.
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jchancellor-FAypfDUnLy

Low key coastal Victorian Easter auction results

<html><body>
A three-level warehouse residential conversion at 118 Victoria Street, Brunswick East, has been listed with expectations above $850,000.
The open-air home comes with two bedrooms, industrial concrete floors, trussed ceilings, and infinity edge pool.
<a href="https://www.jelliscraig.com.au/property-details-118-Victoria-Street-Brunswick-East/218699#.VRMrFDpMIzU" target="_blank">Jellis Craig agent Craig Shearn</a> has scheduled the auction for 11 April.
It last sold at $614,000 in 2006 when Craig Shearn was quoting $500,000 to $550,000.
It had been the Youngs Motor Product premises.
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Brunswick East warehouse conversion for April auction

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The house of owner-occupier Paul McMillan has sold for $6.6 million.
The seven bedroom, seven bathroom house at 117 Commodore Drive in Paradise Waters was listed with a $7 million price guide.
Set on a 939 square metre plot, the house was designed by the Dubai-based hotel architect after he and his wife Aliya purchased the site for $960,000 in 1999.
The <a href="https://www.goldcoastbulletin.com.au/news/multimillion-dollar-home-of-architect-hits-the-market-in-surfers-paradise/story-fnj94j0t-1226820807683" target="_blank">Gold Coast Bulletin</a> reported that the couple bought the plot two weeks after spotting it on a family holiday.
The four-storey house has a five-car basement garage with a separate workshop, a gymnasium and a 500-bottle wine cellar. It also includes an 18 metre lap pool, limestone-floored living areas, and gas fireplaces. On the top floor, there is a lounge and deck, a steam room, a massage room and an office.
McMillan, based in Dubai, has worked on projects for international hotel developer Starwood, including the $600 million St Regis Saadiyat Island Resort in Abu Dhabi.
117 Commodore Drive's $6.6 million price makes it the second most expensive home to sell this week, according to CoreLogic RP Data.
Topping this week's sales was the <a href="/news/does-taynishs-sale-signal-the-wakening-of-the-bellevue-hill-giant">$8.15 million Taynish</a>, at 18 Victoria Road in Bellevue Hill.
CoreLogic RP Data's top 10 most expensive sales for the week ending 29 March:
<ol>
<li>
18 Victoria Road, Bellevue Hill, NSW 6 bed, 4 bath, 5 car house $8,150,000 Richardson &amp; Wrench Double Bay 
</li>
<li>
117 Commodore Drive, Surfers Paradise, Qld 7 bed, 7 bath, 5 car house $6,600,000 McGrath Estate Agents 
</li>
<li>
4 Appian Way, Burwood, NSW 6 bed, 4 bath, 4 car house $4,725,000 Richardson &amp; Wrench Strathfield 
</li>
<li>
1 Manor Street, Brighton, Vic 4 bed, 2 bath, 10 car house $4,725,000 Nick Johnstone Real Estate 
</li>
<li>
34 Medusa Street, Mosman, NSW 5 bed, 5 bath, 2 car house $4,150,000 Century 21 Mosman 
</li>
<li>
52 Baringa Road, Northbridge, NSW 5 bed, 3 bath, 2 car house $3,770,000 McGrath Estate Agents 
</li>
<li>
191 Gore Street, Fitzroy, Vic 3 bed, 2 bath, 1 car house $3,580,000 Nelson Alexander Fitzroy 
</li>
<li>
41 Tower Road, Balwyn North, Vic 5 bed, 4 bath, 2 car house $3,450,000 Marshall White Hawthorn 
</li>
<li>
6 Woolwich Road, Hunters Hill, NSW 5 bed, 3 bath, 2 car house $3,450,000 McGrath Estate Agents 
</li>
<li>
 117 Commodore Drive in Paradise Waters 4 bed, 2 bath, 2 car house $3,450,000 Jellis Craig Hawthorn</li>
</ol>
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Architect Paul McMillan's Surfers Paradise house sells for $6.6 million

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A desire by vendors to sell before Easter and the strong market this year has resulted in record volumes for the year in Sydney, Adelaide and Perth.
The high volumes have not overwhelmed demand which is responding to the interest rate cut two months ago.
A preliminary weighted average clearance rate of 77.5% was recorded this week across capital cities compared to 75.9% last week and 67.7% this time last year.
In Sydney a preliminary clearance rate of 84.6% was recorded compared to 84.8% last week and 75.9% last year. Buyers responded very well to the high volumes this week and kept the market in boom territory.
In Melbourne a preliminary clearance rate was 78.5% was recorded, compared to 77.1% last week and 66.9% this time last year.
In Brisbane a preliminary clearance rate of 45.6% was recorded compared to 41.5% last week and 47.1% last year.
In Adelaide a preliminary clearance rate of 69.1% was recorded compared to 64.6% last week.
In Canberra a clearance rate of 58.1% was recorded compared to 62.1% last week.
In Perth a clearance rate of 57.7% was recorded compared to 23.1% last week and 41.7% last year.
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Strong clearance rate and record highs for volume in three capital cities: Larocca's national auction wrap

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Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of 2 May.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" target="_blank" rel="nofollow">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 2 May weekend auction results for Adelaide

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Australian Property Monitors (APM) has released a list of auction results in Melbourne for the weekend of 2 May.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank">Click here</a> for the list of results from 805 auctions, and click on each street address to see the property's marketing.
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APM's 2 May weekend auction results for Melbourne

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Australian Property Monitors (APM) has released a list of results from 595 auctions in Sydney for the weekend of 2 May. The clearance rate was 89.1%.
<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 2 May weekend auction results record 89.1% clearance rate for Sydney

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Victorian cricketer Brad Hodge sold his Toorak apartment.
The Bruce Street apartment fetched $1.3 million through Marshall White agent James McCormack with five bidders competing for the art deco offering.
Bidding began at $1 million on the three bedder and was declared on the market at $1.275 million.
It is in the block of 14. It last sold in March 2010 for $1.025 million.
It is a much traded apartment have previously also sold at $890,000 in 2007; $701,000 in 2003; $545,000 in 2001; $337,500 in 1995; $212,000 in 1987; 165,000 in 1984 and $110,000 in 1982.
A Melbourne auction clearance rate of 79 per cent was recorded this weekend compared to 76 per cent last weekend and 69 per cent this weekend last year.
There were 1291 auctions reported to the REIV today.
 
 
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Batsman Brad Hodge sells Toorak apartment for $1.3 million

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The weekend's cheapest sale in Sydney was a 23 square metre Surry Hills studio apartment. The dearest at Sans Souci at $6.5 million.
The median Sydney house price was at $1.26 million and the median apartment price sold at $755,000.
These were two results among the record 87.5% election day auction success rate as Sydney’s supercharged housing market was on the brink of breaking the all-time record listings.
It has been eight weeks now above 80%, probably the hottest auction market since Sydney held its first auctions in the colonial 1800s.
Around 1128 homes were scheduled to go under the hammer with the results in accounting for 872 offerings.
Final numbers are likely to break the previous record of 1111 recorded on the same pre-Easter Saturday last year.
Maroubra was the most popular Sydney suburb for auctions with 17, which included 45/77 Broome Street at $822,500. The price guide had been $725,000 plus.
Randwick had 15, Pymble and Mosman each with 14 and Redfern, Hornsby and Strathfield each with 13 auctions scheduled.
Cooley Auctions secured two Randwick sales - at $780,000 and $1.2 million - and two Redfern sales - at $915,000 and $1.2 million.
Cooley Auctions had 129 properties selling 107, in what auctioneer Damien Cooley described as the strongest market he have seen in his 15 years in real estate.
The auction of 9 Shadforth St, Mosman saw a $1.82 million with auctioneer Robert Klaric, from Auction Services, knocking it down for Chris Dale First National North Sydney who had the five registered bidders.
The upper north shore hosted the most auctions this weekend with 166 closely followed by the city and east with 163 and the inner west with 161. The south has 153 auctions listed with the lower north the next highest with 113, Canterbury Bankstown 85, the west 77, northern beaches 74, the south west 55, the north west 35 and the central coast with 27.
"Auction numbers have been rising this year as the market enters its third year of boom-time conditions," APM senior economist Dr Andrew Wilson said.
After the auctions he tweeted: "Incredible result from amazing market."
He has previously noted the February cut in official interest rates – the first move in rates since August 2013 – had improved confidence with rising buyer activity being reported in most capital city markets."
Last weekend Sydney hosted 715 home auctions which was higher than the 682 listed over the same weekend last year. Last weekend’s initial record result of 86.1%was adjusted down to 84.3%, according to the latest APM results.
The Surry Hills apartment pictured above sold pre-auction to an investor through Oz Combined Realty agent Peter Ozerskis, who suggested its rental return could be around $420 per week as a permanent rental or $650 plus as a casual executive rental. He said it was 23 square metres, plus a four square metre storage space.
The ground floor unit had strata levies of $773 per quarter; council rates of $242 per quarter and water rates of $180 per quarter.
The weekend's highest sale notification was $6.5 million through McGrath of 73 Vista Street, a 2,121 square metre waterfront estate at Sans Souci with views across Kogarah Bay and the Georges River.
The property (below) with 34 metre waterfrontage level lawns had been tightly-held by the same family since 1942. 
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Surry Hills $330,000 studio the cheapest as Sydney soars to 87.5% record auction success rate

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A Melbourne clearance rate of 79% was recorded this weekend compared to 76% last weekend and 69% this weekend last year. 
There were 1291 auctions reported to the REIV today.
The Real Estate Institute of Victoria (REIV) was expecting about 1,400 auctions in 309 suburbs today.
The top sale was $3.9 million in <a href="https://www.realestateview.com.au/Real-Estate/25-montclair-avenue-glen-waverley/Property-Details-buy-residential-8416740" target="_blank">Glen Waverley when a four bedroom house </a>on 1154 square metre in the exclusive GWSC catchment was sold through Woodards.
The second top sale was at Fitzroy when <a href="https://www.realestateview.com.au/Real-Estate/191-gore-street-fitzroy/Property-Details-buy-residential-8452042" target="_blank">191 Gore Street</a> (below) – which had been a set for the hit TV series Offspring – sold at well above reserve through Arch Staver of Nelson Alexander who secured $3.58 million on a home that had fetched $2.41 million five years ago.
<div id="propertynav">
<div><a class="photobox cboxElement" href="https://www.realestateview.com.au/portal/viewphotos?OID=8452042&amp;popup=photos" style="line-height: 1.3em;"><img src="https://images.realestateview.com.au/pics/042/191-Gore-Street-Fitzroy-VIC-3065-Real-Estate-photo-1-large-8452042.jpg" alt="191 Gore Street Fitzroy VIC 3065 Real Estate Photo 1" title="191 Gore Street Fitzroy VIC 3065 House - Photo 1"></a></div>
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<a href="https://www.realestateview.com.au/Real-Estate/41-tower-road-balwyn-north/Property-Details-buy-residential-8578216" target="_blank">A Balwyn sale</a> in the REIV top five was secured pre-auction at $3.45 million.
Brighton was the top auction locations with 23 auctions, followed by Reservoir and St Kilda with 21 auctions in each. 
The 1,600 auctions scheduled sat between the two record auction weekends, when 1,682 auctions were held in October 2014 and 1,529 auctions were held in December 2014.
Last weekend the REIV clearance rate was 76 per cent when there were 1205 auctions reported to the REIV.
One of the weekend listings was the elevated home at <a href="https://www.realestate.com.au/property-house-vic-beaumaris-119122255" target="_blank" style="line-height: 1.3em;"></a>21 Bolton St, Beaumaris (below) with glass lift that connects its three levels. But it was passed in on a $3.4 million vendor bid.
<img src="https://i3.au.reastatic.net/800x600/abe03cb508447649a8ca8527f491667303e74469f2370f05b6217920eb4180cf/main.jpg" alt="21 Bolton Street, Beaumaris" title="21 Bolton Street, Beaumaris" data-index="0">
The house, with four bedrooms, three bathrooms, three living areas and a kitchen with butler’s pantry was offered by agent Nick Jones at Chisholm &amp; Gamon Black Rock who had expected it to sell for more than $3.4 million. 
TOP 5 HOUSES 
1. 25 Montclair Avenue, Glen Waverley $3,900,000 2. 191 Gore Street, Fitzroy $3,580,000 3. 12 Swinton Avenue, Kew $3,450,000 4. 41 Tower Road, Balwyn North $3,450,000 5. 84 Kinkora Road, Hawthorn $3,160,000 
TOP 5 BARGAIN HOUSES 
1. 2 Casey Avenue, Sunbury $271,500 2. 164 Gap Road, Sunbury $278,500 3. 7 Seventh Avenue, Rosebud $295,000 4. 2 Heyington Boulevard, Carrum Downs $325,000 5. 26 Epstein Street, Reservoir $330,000
TOP 5 APARTMENTS 
1. 4 Corhampton Road, Balwyn North $1,900,000 2. 6 Balmoral Avenue, Kew $1,711,000 3. 4/156 Beaconsfield Parade, Albert Park $1,670,000 4. 4/2 Male Street, Brighton $1,650,000 5. 103 Carpenter Street, Brighton $1,600,000 
TOP 5 BARGAIN APARTMENTS 
1. 3/45 Oakleigh Road, Carnegie $230,000 2. 14/11-17 Park Street, St Kilda West $230,000 3. 3/95 Dawson Street, Brunswick $260,000 4. 6/231 Dandenong Road, Prahran $275,000 5. 2/68 French Street, Lalor $280,000
Source: REIV
 
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