Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Auctions

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A clearance rate of 77 per cent was recorded across Melbourne on the March 21 weekend, which matched the 77 per cent of last weekend.
Two Middle Park sales dominated the top sales among the 1053 auctions reported to the REIV.
There was 353 Richardson Street at $4,750,000 and 208 Beaconsfield Parade at $4,510,000.
Bidding on the Richardson Street property - with Pleysier Perkins interiors in the heritage listed home - opened with a $4 million vendor bid by the auctioneer John Bongiorno, and sold after it was passed in at $4.5 million.
Hocking Stuart Albert Park auctioneer David Wood secured the $4.51 million sale of the near-derelict 208 Beaconsfield Parade (pictured below) on the corner of Harold Street.
<img src="https://i1.au.reastatic.net/456x342/ccd0d079b39833677079580ef9606691f16a83f9a5aa7b370c491e86bd350cda/image4.jpg" alt="208 Beaconsfield Parade, Middle Park" title="208 Beaconsfield Parade, Middle Park" data-index="3">
Enzo Raimondo, the REIV noted there was a median house price of $940,000 and a $595,000 median unit price.
There was a $4.68 million Toorak sale (pictured top above) in between the two Middle Park trophy home sales.
It was a grand 1930s Toorak residence which became the home of then Country Party Prime Minister Sir John "Black Jack" McEwen.
It last sold at $2.6 million in 2003.
The home, at the corner of Orrong Road and Montalto Avenue, has a grand reception hall with formal entertaining rooms to each side.
The four bedroom home with arched windows, ceiling roses and fireplaces, also has two studies.  There is a swimming pool in the garden designed by Paul Thompson.
More than $4 million had been expected by Marshall White's Marcus Chiminello for <a href="https://www.domain.com.au/property/for-sale/house/vic/toorak/?adid=2011800569" target="_blank" style="line-height: 1.3em;">679 Orrong Road</a>.
John McEwen and his first wife, Annie, bought the house in 1956. It was sold by his second wife, Mary, in 1989 following his death in 1980.
He was the country's 18th prime minister from 19 December 1967 to 10 January 1968 following the death of PM Harold Holt, who lived elsewhere in Toorak.
Kay &amp; Burton achieved a 100% clearance rate for houses in metro Melbourne, including four in South Yarra.
There was an undisclosed Hawthorn sale of around $4.7 million at 4a Kooyongkoot Road. The 1237 square metre holding had last sold in 1999 at $1.01 million.
There was also the sale with an undisclosed price of Alta Vista, at 81 Wellington Parade South through Abercromby's which had $6 million hopes on its initial 2014 listing.
Kooyong's 10 Monaro Road sold through RT Edgar under the hammer at $4.5 million, after a $4.4 million vendor bid. Last sold at $406,000 in 1984, it had been listed initially for sale last October.
TOP 5 HOUSES 
1. 353 Richardson Street, Middle Park $4,750,000 2. 679 Orrong Road, Toorak $4,680,000 3. 208 Beaconsfield Parade, Middle Park $4,510,000 4. 14 Stirling Street, Kew $4,410,000 5. 3 St James Mews, Brighton $3,550,000 
TOP 5 BARGAIN HOUSES 
1. 18 Ardent Court, Hastings $197,500 2. 7 Thredbo Court, Epping $320,000 3. 88 Creedmore Drive, Rye $322,500 4. 15 Miram Court, Westmeadows $330,000 5. 30 Bootie Court, Roxburgh Park $332,000
TOP 5 APARTMENTS 
1. 27 Oak Grove, Brighton $2,397,000 2. 1/36 Dean Street, Kew $1,951,000 3. 40A Cochrane Street, Brighton $1,605,000 4. 3/103 Lucerne Crescent, Alphington $1,400,000 5. 4/103 Lucerne Crescent, Alphington $1,400,000 
TOP 5 BARGAIN APARTMENTS 
1. 5/1-3 Braemer Street, Seaford $215,500 2. 10/29 Raleigh Street, Essendon $260,000 3. 4/7 Stewart Street, Thomastown $265,000 4. 2/2 Martin Street, Rosebud $272,400 5. 7/9 Poplar Grove, Carnegie $275,000
Source <a href="https://www.reiv.com.au/Property-Research" target="_blank">REIV</a> 
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jchancellor-FAypfDUnLy

Steady and strong with Middle Park taking two podium places

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It's a bumper crop of auctions in both Sydney and Melbourne this weekend.
There are 1,202 auctions scheduled this week in Melbourne compared to 1,160 for the same time last year, according to Robert Larocca from CoreLogic RP Data.
The highest volume of auctions are the 21 on offer in both Reservoir and Thornbury
CoreLogic have noted Melbourne auction volumes are higher than last year and on track to exceed last years volumes when there were more auctions and a higher proportion of homes sold at auction.
"Our latest data shows that a record 33.6 per cent of sales were by auction in Melbourne last year, up from 29.4 per cent in 2013 and a mere 20.3 per cent in 2012," said Larocca.
"Remarkably the 30,079 sales at auction last year was near twice the 15,640 recorded in 2012.
"The increase in use of auctions is a market feature, especially when prices rise as they can deliver better outcomes in competitive markets."
APM advised 693 Sydney auctions are scheduled across this weekend.
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Pre-Easter auction momentum builds in Sydney and Melbourne

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Acacia Gardens in Sydney's north-west has recorded its first $1 million plus residential house sale.
Kent Pilkington of Laing+Simmons Quakers Hill has negotiated the sale.
The Acacia Gardens house sold for $1.05 million – the first time a house in postcode 2763 has broken the $1 million barrier.
The 13 Gannet Place had four large bedrooms each with its own ensuite and walk-in robe.
The block cost $300,000 in 2009.
The previous record was $870,000 on Hibiscus Close.
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Acacia Gardens notches up first $1 million plus house sale

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Held by the one family for nearly 100 years, the latest Paddington cottage listing fetched $1.2 million tonight.
Close to Five Ways, the 6 <a href="https://bradfieldcleary.com.au/4862721/6-Broughton-Street-Paddington" target="_blank">Broughton Street offering</a> is as Paddington was back in 1915 within the two bedroom cottage.
The time capsule went auction through BradfieldCleary agent Georgia Cleary.
It was too hard for picky Paddington home buyers it seems.
Instead it was left to three builders to compete for the Victorian workers' cottage when it was auctioned by Damien Cooley who was reluctant to accept the $900,000 opening bid.
They could probably undertake the necessary works for around $400,000, whereas non-builders would probably face $800,000 easily spent.
More than $1 million was tipped to be pocketed by the current day Christensen family members.
Title records show it last traded when a tramway worker purchased it from a local labourer for £400 around 100 years ago.
 
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Paddington's 1915 time capsule sells for $1.2 million

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RealAs advised 80% of home auctions in metropolitan Melbourne suburbs were "underquoted" in February 2015 with buyer price guidance.
Box Hill South had the biggest gap between estate agent price guidance and the final auction selling price.
The realAs website alleges Victoria holds the title as the worst underquoting state in Australia.
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<tr>
<td>
 
</td>
<td>
Top 10 VIC gaps
</td>
<td>
Sold Price vsAgent Quote
</td>
</tr>
<tr>
<td>
1
</td>
<td>
Box Hill South
</td>
<td>
32%
</td>
</tr>
<tr>
<td>
2
</td>
<td>
Bulleen
</td>
<td>
31%
</td>
</tr>
<tr>
<td>
3
</td>
<td>
Templestowe Lower
</td>
<td>
30%
</td>
</tr>
<tr>
<td>
4
</td>
<td>
Burwood
</td>
<td>
29%
</td>
</tr>
<tr>
<td>
5
</td>
<td>
Armadale
</td>
<td>
29%
</td>
</tr>
<tr>
<td>
6
</td>
<td>
Carlton North
</td>
<td>
29%
</td>
</tr>
<tr>
<td>
7
</td>
<td>
Doncaster
</td>
<td>
28%
</td>
</tr>
<tr>
<td>
8
</td>
<td>
Burwood East
</td>
<td>
28%
</td>
</tr>
<tr>
<td>
9
</td>
<td>
Caulfield South
</td>
<td>
27%
</td>
</tr>
<tr>
<td>
10
</td>
<td>
Carnegie
</td>
<td>
27%
</td>
</tr>
<tr>
<td>
 
</td>
<td>
Source: realAs.com
</td>
<td>
  
</td>
</tr>
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The realAs.com price predictions website was co-founded by Australia’s first buyers’ advocate, David Morrell.
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Box Hill South agents can't get their price estimates close to auction results: realAs

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The award winning Haddow House sold for $3,571,000 at auction last weekend, a rare feat for Fitzroy North.
Nelson Alexander sales agent Arch Staver, who marketed the property with Rick Daniel, says the sale "really did test the market".
"North Fitzroy is not full of warehouse conversions," Staver told Property Observer, noting that renovated industrial sites are more common in the neighbouring Fitzroy, or the inner-eastern suburb of Richmond.
"It really was a stand out property".
The six bedroom home at <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-119046907" target="_blank">11 Tucker Place in Fitzroy North</a> certainly does stand out, even among its fellow warehouse conversions.
The vendors commissioned Belgian architect Daniel van Cleemput to design the renovation of the home for their blended family. On the 545 square metre former factory site, van Cleemput designed the cleverly structured house, surrounded by gardens. Its design saw the home awarded the ARCHITEAM 2012 award for Best Design, Residential, New, and featured in architect and commentator Stuart Harrison's 2013 book New Suburban.
When van Cleemput was commissioned, the warehouse had no roof, just external walls.
{qtube vid:=hXPu9VE_2Tg}
The house, while offering flow between both the interior living spaces and between the interior and exterior, also provided privacy for its residences.
The home's enclosed bedroom spaces are all on the upper level, with the teenagers and the two adults living in separate parts of the building, connected by an outside deck. The parent's retreat includes a hydraulic-doored "pod" with a kitchenette, wardrobe and study, and opens directly to the hilltop garden. Meanwhile, the children's area has five double bedrooms, each with a view to the gardens, two shower rooms and a separate toilet.
On the lower level, there are open plan living, dining and kitchen areas, with full height sliding doors opening the interior to the surrounding gardens. The exterior is further invited in through translucent walls, which draw in the natural light. The outdoor spaces include a landscaped garden "hillside", a spa and deck and plant covered high walls.
Despite the house's connection with nature, it still retains many industrial features, including raw finishes and a structure exposed by its translucent panelling.
At Saturday's auction, there were around 200 observers, with three active bidders. Bidding for the warehouse conversion off a cobbled laneway began at $3 million with a bid from the eventual buyer, and came onto the market at $3.4 million. The $3,571,000 result makes it the most expensive known sale of a warehouse conversion in Fitzroy North, with the second highest known to Property Observer being a brick double fronted single level home at <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-114997019" target="_blank">7 Tranmere Street</a>, which sold for $1,105,000 in October 2013.
According to CoreLogic RP Data, <a href="/news">Fitzroy North</a> houses recorded 10.3% capital growth over 2014, with a median house price of $1.5 million in January 2015.
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Fitzroy North's Haddow House warehouse conversion sells for more than $3.5 million

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Strong Sydney weekend auction results included 1 Stansell Street, Gladesville (pictured above) which sold at $2.85 million through Paul Tassone &amp; Ahmad Malas of Professionals Ermington.
Auctioneer Rob Trovato of Auction Services saw a huge crowd of around 300 people with 28 registered bidders for the small cottage nestled between a unit block and a service station.
I<a href="https://www.domain.com.au/property/sold/house/nsw/gladesville/?adid=2011759011" target="_blank">t had a zoning of R4 Mixed Use</a> for its 714 square metre holding.
There were reports the property - described as a highly sought after opportunity in the marketing - sold at $1.1 million above the out of line reserve to a developer who plans to rent it out before eventually redeveloping the site.
Even before Saturday's auction, Gladesville agents were having serious issues with getting their pre-auction price estimates close to final sale price.
February results saw Gladesville top the list across Sydney in February when they studied price guidance against sold price.
RealAs advised 60% of home auctions in metropolitan Sydney suburbs were "underquoted" in February 2015 with buyer price guidance.
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<td> </td>
<td>
Top 10 NSW gaps
</td>
<td>
Sold Price vs
Agent Quote
</td>
</tr>
<tr>
<td>
1
</td>
<td>
Gladesville
</td>
<td>
28%
</td>
</tr>
<tr>
<td>
2
</td>
<td>
Ryde
</td>
<td>
23%
</td>
</tr>
<tr>
<td>
3
</td>
<td>
Marsfield
</td>
<td>
21%
</td>
</tr>
<tr>
<td>
4
</td>
<td>
Cammeray
</td>
<td>
20%
</td>
</tr>
<tr>
<td>
5
</td>
<td>
Wahroonga
</td>
<td>
18%
</td>
</tr>
<tr>
<td>
6
</td>
<td>
Carlingford
</td>
<td>
16%
</td>
</tr>
<tr>
<td>
7
</td>
<td>
Balmain
</td>
<td>
16%
</td>
</tr>
<tr>
<td>
8
</td>
<td>
Beecroft
</td>
<td>
16%
</td>
</tr>
<tr>
<td>
9
</td>
<td>
Manly
</td>
<td>
16%
</td>
</tr>
<tr>
<td>
10
</td>
<td>
Lilyfield
</td>
<td>
15%
</td>
</tr>
<tr>
<td> </td>
<td>
Source: realAs.com
</td>
<td> </td>
</tr>
</tbody>
</table>
The site said low price guidance wasted home buyers’ time, money and causes heart ache.
"Home buyers and property investors spend their time attending open for inspections and auctions, money on building inspections, legal fees and rental appraisals only to have their hearts broken on auction day when their dream home sells for way higher than what their budget allowed," realAs director Josh Rowe said.
The New South Wales Government has said it will crack down on underquoting behaviour.  
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Gladesville price quotes at way below actual selling prices: realAs

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Cooley Auctions has reported the eastern suburbs pre-auction sales rate jumped to plus 50% this week.
There were seven pre-auction sales - most at undisclosed prices - among the 13 Monday night offerings.
The highest was $4.1 million at <a href="https://www.realestate.com.au/property-apartment-nsw-double+bay-118099391" target="_blank">Cross Street, Double Bay</a> (pictured above) through 1st City.
Set in The Gallery, it last sold at $3.85 million in 2008.
<img src="/images/2015/03/17/auctions-results-mar-17-one.jpg" alt="">
Source: Cooley Auctions
"This is the strongest market I have seen in my 15 year real estate career and the highest percentage of pre-auction sales ever experienced by Cooley Auctions," auctioneer Damien Cooley told Property Observer. 
"Buyers are relentless with their bullish tactic of buying before auction." Damien Cooley proffered there are two main reasons why property sells before auction in the current market. 
"First is the fear of missing out given the competitive sales. 
"It's possible the buyer has missed out at other auctions and in frustration they attempt to secure the property before. 
"Secondly and more commonly is the fear of paying more at auction."
Pre-sales typically run at between 20% and 25%.
During February Cooley noted it was running at 38%.
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Cooley Auctions see eastern suburbs pre-auction sales rate jump to 50%

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An Armadale house designed by late Melbourne architect Wayne Gillespie has sold.
The three bedroom home secured $3.55 million when sold through RT Edgar Boroondara last week.
Atypically, <a href="https://www.realestate.com.au/property-house-vic-armadale-118788407" target="_blank">7A Flete Avenue</a> has an in-ground pool located at the front of the plot, rather than the back - residents pass the north-facing pool and the sandstone terrace as they enter the house through the side.
The house has open plan living and dining areas on its lower levels, with a conservatory area at the rear. On the upper level, there are three bedrooms, including a master with a north-facing balcony overlooking the pool.
At $3.55 million, the house was the eighth most expensive to sell last week, according to CoreLogic RP Data.
The most expensive was a $6.5 million Rose Bay house at 22 Kent Road, which sold after 25 years of ownership.
CoreLogic RP Data's top 10 sales of the week ending 15 March:
<ol>
<li>22 Kent Road, Rose Bay, NSW 5 bed, 3 bath, 2 car house $6,500,000 McGrath Estate Agents 
</li>
<li>26 Strickland Street, Rose Bay, NSW 5 bed, 5 bath, 5 car house $5,200,000 Sydney Sotheby's International Realty 
</li>
<li>28 Rowland Street, Kew, Vic 4 bed, 2 bath, 1 car house $3,840,000 Marshall White Real Estate Hawthorn 
</li>
<li>58 Narrak Road, Balwyn, Vic 5 bed, 4 bath, 2 car house $3,800,000 RT Edgar Boroondara 
</li>
<li>13 Palmer Street, South Coogee, NSW 4 bed, 2 bath, 2 car house $3,700,000 Ellison Zulian Property Maroubra 
</li>
<li>433 Bronte Road, Bronte, NSW 4 bed, 2 bath, 2 car house $3,650,000 McGrath Estate Agents 
</li>
<li>78 Carrington Parade, Curl Curl, NSW 4 bed, 3 bath, 4 car house $3,600,000 Smyth Estate Agents Freshwater 
</li>
<li>7 Flete Avenue, Armadale, Vic 3 bed, 2 bath, 2 car house $3,550,000 RT Edgar Boroondara 
</li>
<li>175 Raglan Street, Mosman, NSW 3 bed, 3 bath, 2 car house $3,320,000 Ray White Lower North Shore 
</li>
<li>2/43 Tobruk Avenue, Cremorne, NSW 4 bed, 2 bath, 2 car unit $3,275,000 Belle Property Neutral Bay</li>
</ol>
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Wayne Gillespie designed Armadale home sells for $3.55 million

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A preliminary weighted average clearance rate of 78.3% was recorded this week across capital cities compared to 74.5% last week and 70.8% this time last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Capital-City.jpg" rel="wp-prettyPhoto[g4392]"><img class="aligncenter size-large wp-image-4393" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Capital-City-580x431.jpg" alt="National auction review - Capital City" width="580" height="431"></a>
This is the highest national clearance rate in six years, since 79.7% was recorded in September 2009 and provides a further indication of the improvement in demand since last year. There can be no doubt now that the interest rate cut has had a positive impact on the real estate market.
In Sydney a preliminary clearance rate of 85.1% was recorded compared to 84.2% last week and 79.8% last year. Sydney continues to have the strongest auction market nationally and is providing vendors with unprecedented results.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Sydney.jpg" rel="wp-prettyPhoto[g4392]"><img class="aligncenter size-large wp-image-4394" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Sydney-580x388.jpg" alt="National auction review - Sydney" width="580" height="388"></a>
In Melbourne the preliminary clearance rate was 77.8%, compared to 75% last week and 67% this time last year. This is the highest clearance rate in a year and half and the market is now well ahead of this time a year ago.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Melbourne.jpg" rel="wp-prettyPhoto[g4392]"><img class="aligncenter size-large wp-image-4395" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Melbourne-580x386.jpg" alt="National auction review - Melbourne" width="580" height="386"></a>
In Brisbane a preliminary clearance rate of 57.1% was recorded compared to 37.2% last week and 54.5% last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Brisbane.jpg" rel="wp-prettyPhoto[g4392]"><img class="aligncenter size-large wp-image-4396" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Brisbane-580x381.jpg" alt="National auction review - Brisbane" width="580" height="381"></a>
In Adelaide a preliminary clearance rate of 72.9% compared to 60.7% last week.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Adelaide.jpg" rel="wp-prettyPhoto[g4392]"><img class="aligncenter size-large wp-image-4397" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150316-Adelaide-580x389.jpg" alt="National auction review - Adelaide" width="580" height="389"></a>
In Canberra a clearance rate of 73.3% was recorded compared to 70.8% last week.
In Perth a clearance rate of 41.7% was recorded compared to 33.3% last week and 41.9% last year.
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