<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Auctions

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This week signals the beginning of the end of year auction slow down, with auction volumes falling over the week from 2,989 last week to 1,727 this week. Auction volumes are relatively similar to one year ago, when 1,702 capital city auctions were held.
The number of auctions held this week will be lower in all capital city markets except for Perth, where auction volumes remain virtually unchanged from last week. Melbourne will host 872 auctions this week, down from 1,572 last week, while one year ago just 639 auctions were held across the city. CoreLogic RP Data is currently tracking 457 Sydney auctions, compared to 891 last week and 648 over the same week one year ago.
This year has been the busiest year for auctions on record, with auction volumes expected to come in just over 108,500 for the year. To put this into perspective, there were 104,444 capital city auctions held in 2014, 81,473 in 2013 and just 62,713 in 2012.
Capital City Auctions this week:
<ul>
<li>
Sydney: 470
</li>
<li>
Melbourne: 872
</li>
<li>
Brisbane: 186
</li>
<li>
Adelaide: 118
</li>
<li>
Perth: 66
</li>
<li>
Canberra: 99
</li>
</ul>
The busiest individual suburbs for auctions across Australia this week are all located in Melbourne. There are 19 auctions scheduled in Craigieburn, 17 in Reservoir and 16 in Mill Park.
Summary of last week’s results:
The combined capital city clearance rate remained below the 60 per cent mark last week, with the final results showing 58.2 per cent of the 2,722 reported auction results sold at auction.
<a href="/images/2015/12/16/Screen%20Shot%202015-12-17%20at%203.16.13%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/16/Screen%20Shot%202015-12-17%20at%203.16.13%20PM.png" alt="" width="843" height="873">
Both Sydney and Melbourne, Australia’s two largest auction markets saw clearance rates improve marginally last week, up from 63.3 per cent the previous week to 64.9 per cent last week in Melbourne and Sydney’s clearance rate rose from 52.9 per cent to 54.7 per cent last week.
Adelaide, with a clearance rate of 49.3 per cent and Canberra (48.6 per cent) both recorded their lowest clearance rate for the year last week, while Perth’s clearance rate has remained virtually unchanged over the past three weeks.
Brisbane’s final auction clearance rate was 41.9 per cent last week, similar to the 41.5 per cent recorded across the Gold Coast.
<a href="/images/2015/12/16/20151217-sub-regions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/12/16/20151217-sub-regions.jpg" alt="">
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smiller-vwPjRHTkST

 Beginning of the end of year auction slow down: CoreLogic RP Data's Shana Miller

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The first week of February shows auction market activity continuing to bounce back from the festive period slowdown, with almost twice the number of auctions held this week compared with last week.  
CoreLogic RP Data was tracking 854 auctions this week, compared with 987 auctions over the same week one year ago. The lower number of auctions was mostly due to a low auction numbers in Sydney where there were only 255 auctions held over the week compared with 421 at the same time last year.  
The lower number of homes put up for auction highlights that vendors haven’t been as willing to put their homes into the auction market as they were a year ago.  Auction numbers were actually higher than a year ago across Melbourne, Brisbane, Adelaide and Perth.  
Despite the lower number of auctions compared with last year, the preliminary auction clearance rate, based on the 621 auction results reported so far,  was recorded at  71.0 per cent across the combined capital cities. 
This week’s clearance rate was higher than at the same time last year (67.3%) however the clearance rate in Sydney continued to track lower than at the same time last year.  All cities recorded a stronger preliminary clearance rate than what was recorded at the end of 2015, however, with auction numbers still gathering pace over February we should get a better gauge over the coming weeks as to whether the auction market is truly staging a rebound on higher clearance rates.
<a href="/images/2016/02/08/20160802-Capital-City.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/20160802-Capital-City.jpg" alt="" width="846" height="638">
 
This week, 262 Melbourne auctions were held and so far 206 results have been reported. The preliminary auction clearance rate of 80.1 per cent is higher than last week, when across just 151 auctions, 69.9 per cent were successful. One year ago, Melbourne’s auction clearance rate was 60.7 per cent across 255 auctions. Across Melbourne, the busiest region for auctions this week was the Outer East, where 40 homes went under the hammer. Of the 30 reported results so far, 83.3 per cent have been successful. Melbourne’s Inner East recorded the strongest preliminary clearance rate at 93.8 per cent, however there were only 19 auctions held within the region and 16 results reported so far
<a href="/images/2016/02/08/20160802-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/20160802-Melbourne.jpg" alt="" width="835" height="560">The Sydney auction market was substantially weaker over the final months of last year when compared to earlier in 2015. Clearance rates fell from the high 80 per cent mark to the mid-50 per cent mark towards the end of the year. Given this, it is likely that a lack of vendor confidence is currently being reflected with only 265 auctions held this week, compared to 421 at the same time last year. Although auction volumes across the city were low, this week Sydney’s preliminary clearance rate was 70.2 per cent, a strong result compared to 44.9 per cent last week (across just 61 auctions), but not reflective of the 80.6 per cent last year. The best performing Sydney sub-regions this week were Inner South West (85.7 per cent across 21 results) and North Sydney and Hornsby, with a clearance rate of 80 per cent across 35 results.
 
 
<a href="/images/2016/02/08/20160802-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/20160802-Sydney.jpg" alt="" width="811" height="548">
In Brisbane the preliminary clearance rate was 55.8 per cent this week across 77 auction results. There were 111 auctions held in Brisbane this week, compared to 60 last week, with a clearance rate of 52.7 per cent and 109 last year when 47.6 per cent of auctions were successful. Further south, across the Gold Coast there were 33 auctions reported this week with 13 sales.
<a href="/images/2016/02/08/20160802-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/20160802-Brisbane.jpg" alt="" width="781" height="519">
 
Adelaide’s preliminary clearance rate was 79.4 per cent this week, higher than last week at 61.1 per cent and also higher than one year ago (58.2 per cent). There were 104 Adelaide auctions this week, 97 last week and 94 held over the comparable week last year.
<a href="/images/2016/02/08/20160802-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/20160802-Adelaide.jpg" alt="" width="801" height="543">
 
In the westernmost city, Perth’s preliminary clearance rate was 35 per cent this week and there were 37 auctions held. Last week, 29 Perth auctions were held and 44.9 per cent were successful, while one year ago 31 Perth auctions were held with a clearance rate of 40 per cent.
Across Canberra 67 auctions were held this week, compared to 27 last week and 69 one year ago. Based on preliminary results this week’s clearance rate is 72.9 per cent, higher relative to last year (67.9 per cent).
CoreLogic RP Data has recorded just 2 auction results across Tasmania this week with one sale.
 
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A strong start to the year, with 71 percent of capital city auctions selling: Shana Miller

<html><body>
GUEST OBSERVER
Auction volumes are set to increase slightly this week with 3,232 capital city auctions currently being tracked by CoreLogic this week compared to 3,207 auctions last week.
Auction volumes are set to rise this week in Melbourne, with 1,561 auctions scheduled. There are slightly fewer auctions scheduled across Sydney this week, with 1,126 homes set to be taken to auction. Auction activity is set to be higher than the corresponding week last year (2,989).
<h1 class="title">
Capital city auctions this week:
</h1>
<div class="entry">
<ul>
<li>Sydney: 1,126</li>
<li>Melbourne: 1,561</li>
<li>Brisbane: 190</li>
<li>Adelaide: 150</li>
<li>Perth: 72</li>
<li>Canberra: 110</li>
</ul>
Glen Waverley in Melbourne is the busiest individual suburb for auctions across the nation this week, with 24 residential homes set to go under the hammer. Followed by Reservoir (23), St Kilda (21), Richmond (20) and Hawthorn (19), all of which are in Victoria.
Summary of last week’s results:
<a href="/images/2016/12/08/20161208-Capital-City-Stats.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Capital-City-Stats.jpg" alt="">
Capital city auction clearance rates remained strong last week for the first week of Summer, final results show 72.3 per cent of auctions were successful. However, the number of properties taken to auction last week fell across the capital cities with 3,207 auctions held, down from 3,398 the previous week.
<a href="/images/2016/12/08/20161208-Capital-City-Timeseries.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Capital-City-Timeseries.jpg" alt="">
Last week saw Melbourne’s final clearance rate increase to 77.3 per cent, from 76.1 per cent the previous week, while for Sydney, final results show that the clearance rate for the city fell from 77.1 per cent the previous week to 75.2 per cent last week. Auction numbers decreased over the week in both Melbourne and Sydney, down to 1,416 and 1,182 from the previous week’s 1,616 and 1,262 respectively.
Across the smaller auction markets, performance was mixed last week, with clearance rates improving in Adelaide and Perth, while Brisbane, Tasmania and Canberra’s clearance rate fell.
The Hunter region was the busiest non-capital city region last week, with 73 auctions; however Geelong recorded the strongest clearance rate at 86.1 per cent.
<a href="/images/2016/12/08/20161208-Subregions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/08/20161208-Subregions.jpg" alt="">
 Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
</div>
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ckusher-ujnxiKuFQs

Auction volumes set to increase slightly: Cameron Kusher

<html><body>
It was a very good long weekend for at least 10 sellers who secured the highest property prices in the country.
Property Observer looks at the top 10 sales of last week, according to <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clontarf-116474835" target="_blank">9 Peronne Avenue, Clontarf, NSW</a> <img src="/images/2014/06/11/1.jpg" alt=""> Designed by architects Smith &amp; Tzannes, this contemporary waterfront home fetched $6.95 million this weekend. It was sold through Richardson &amp; Wrench Seaforth. The four bedroom home was purchased by the vendors for $4.6 million in 2003. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-116923699" target="_blank">1 Gladstone Avenue, Hunters Hill, NSW</a>
<img src="/images/2014/06/11/2.jpg" alt=""> This five bedroom, four bathroom sandstone home sold for $4.975 million through Ward Partners Hunters Hill. The trophy home with views to the harbour bridge underwent renovations 10 years ago and has a contemporary extension at the rear. Although it was the second highest sale of the weekend, the vendors made a loss on the property – they paid $6 million in 2011.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-leichhardt-116876611" target="_blank">27 Marlborough Street, Leichhardt, NSW</a>  <img src="/images/2014/06/11/3.jpg" alt=""> The Victorian fire station sold by banker Ashley Salter and Paspaley Pearls creative director Christine Salter <a href="/news/leichhardt-forges-another-residential-record-for-former-fire-station">broke Leichhardt’s property sale record</a>, securing $3.05 million. They purchased the home for $2.45 million in 2007, a record at the time for the suburb. It was sold through Ray White Annandale.</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-runaway+bay-112684419" target="_blank">46 Shearwater Esplanade Runaway Bay, QLD </a>
<img src="/images/2014/06/11/4.jpg" alt="">
This triple storey, seven bedroom home sold for $2.575 million. The home with panoramic views over Broadwater was sold through Ray White Sovereign Islands. The property saw a half million dollar price cut, after being on the market for two and a half years with a listing price of $3.095 million. It was purchased by the vendors for $1.75 million in 2003.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-116949303" target="_blank">40 Epping Road Double Bay, NSW</a>
<img src="/images/2014/06/11/5.jpg" alt="">
This modest three bedroom home sold in Double Bay sold for $2.31 million through Living Here Double Bay. The house had remained in the owner’s possession for over 80 years.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-sydney-116869267" target="_blank">A202 'Alexander' Globe Street, Sydney, NSW </a>
<img src="/images/2014/06/11/6.jpg" alt="">
An apartment in nine storey Alexander building at the waterfront promenade of the <a href="/expert-insights/buying/harbourfront-barangaroo-apartment-developments-stoke-significant-anticipatory-interest">upcoming Barangaroo development</a> sold for $2.31 million last week through McGrath Estate Agents. 
The two bedroom apartment has a 122 square metre layout, with 22 square metres of al fresco dining space.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-coogee-116847451" target="_blank">337 Rainbow Street, Coogee, NSW </a>
<img src="/images/2014/06/11/7.jpg" alt="">
This three bedroom Coogee home was sold for $2.2 million at auction by Laing &amp; Simmons Bondi Junction. Set on 487 square metres of land, the home has coastal water views.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-mount+waverley-116962835" target="_blank">5 Neva Court, Mount Waverley, VIC</a>
<img src="/images/2014/06/11/8.jpg" alt="">
A brand new five bedroom home secured $2.039 million before it was due to be auctioned. It was sold through Ray White Glen Waverley. The 893 square metre plot was purchased by the vendors just last year for $856,500 dollars.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-vic-port+melbourne-116950147" target="_blank">803/147 Beach Street, Port Melbourne, VIC</a>
<img src="/images/2014/06/11/9.jpg" alt="">
With three bedrooms and two bathrooms, this waterfront apartment sold for $2 million through Lucas Real Estate Agent Docklands after 25 days on the market. The Port Melbourne unit was purchased for $890,000 in 2001.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-paddington-116821279" target="_blank">7 Macdonald Street, Paddington, NSW <img src="/images/2014/06/11/10.jpg" alt=""> </a>
Sold through Raine &amp; Horne Double Bay, this three bedroom house secured $1.925 million. The single fronted home is spread over three levels, with separate self-contained accommodation on the ground level. It was purchased by the vendor for $902,500 in 2001.
For more information on these properties, go to <a href="https://www.myrpdata.com/" target="_blank">myRPData.com</a>.
</li>
</ol>
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jrichardson-uRX5hFdKfN

The 10 most expensive sales of the week: RP Data

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It was Queensland that failed to get a look in on the 10 most expensive sales of the week, despite taking out the top place last week.
The most expensive sales all came from Victoria or Sydney, according to RP Data.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-vic-canterbury-117121935" target="_blank">126 Mont Albert Road, Canterbury, Vic </a> <img src="/images/2014/07/15/e1.jpg" alt=""> A five bedroom, four bathroom house <a href="/news/mont-albert-road-canterbury-trophy-home-sells-for-6-66-million">in Melbourne's Canterbury sold for $6,660,000 last week</a> through Hocking Stuart Glen Iris. Set on a 2,051 square metre plot, the Tuscan-style mansion comes with an outdoor entertaining room with a television, barbecue and fireplace, a pool and tennis court. Inside, there is a formal sitting room, a games room, a separate dining room, a study and a kitchen topped with Calcutta marble. The vendors purchased the home just three years ago, for $5,500,000. 
</li>
<li>
<a href="https://www.century21.com.au/property/279993/" target="_blank">48 Carabella Street, Kirribilli, NSW </a> <img src="/images/2014/07/15/e2.jpg" alt=""> This <a href="/news">Kirribilli </a>mansion sold for $4,500,000 through Century 21 Mosman. Another five bedroom, four bathroom house (though more than $2 million cheaper than Canterbury's offering), the home was sold by <a href="/expert-insights/buying/computer-software-entrepreneur-simon-clausen-sells-kirribilli-mansion-burnleigh">former Young Rich Lister Simon Clausen</a>, now an expatriate in Sweden. Though it was reportedly sold in late June, the sale was presumably only reported this week to RP Data. It had been listed since October 2013. Clausen and his wife, Alexandra, purchased the home for $3.98 million in 2008. 
</li>
<li>
<a href="https://www.ppdre.com.au/1P0509" target="_blank">4 Bourke Street, Queens Park, NSW </a> <img src="/images/2014/07/15/e3.jpg" alt=""> A contemporary five bedroom, four bathroom home sold for $2,975,000 through Phillips Pantzer Donnelley. The <a href="/news">Queens Park</a> home set on a 386 square metre dual-access block comes with a two storey self-contained guesthouse. The main house has wide timber floorboards throughout, a walk in pantry, and a marble-topped kitchen. The vendors purchased the property, five minutes from Bondi Junction, in 2010 for $1,975,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-willoughby-117266903" target="_blank">6 Pendey Street, Willoughby, NSW </a> <img src="/images/2014/07/15/e4.jpg" alt=""> Sold through L J Hooker Willoughby, this home secured $2,240,000. The five bedroom, three bathroom house has generous open plan living spaces. The house is set on a 580 square metre elevated lot, with leafy views of the suburb. The vendors purchased the home less than a year before selling. It was sold at a loss, with the former owners buying the house in 2013 for $2,360,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-balmain-117287835" target="_blank">155 Darling Street, Balmain, NSW </a> <img src="/images/2014/07/15/e5.jpg" alt=""> This sandstone corner terrace sold for $2,400,000 through Cobden &amp; Hayson Balmain. The home, built in 1858, has been renovated, with contemporary interiors. A double height atrium is the central feature of the home, which has two storeys and opens to a north facing entertaining area. There are four bedrooms and two bathrooms, and the private "master wing" has a walk in robe, ensuite and private deck. The vendors bought the home in 2010, for $2,125,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-manly-117244863" target="_blank">501/95 West Esplanade, Manly, NSW </a> <img src="/images/2014/07/15/e6.jpg" alt=""> A <a href="/news">Manly </a>penthouse secured $2,150,000 when it was sold through Bergelin Estate Agents. The three bedroom, two bathroom home in the Manly hillside has panoramic views over the Manly ferry, harbour and heads. Each room of the open plan home extends to adjoining terraces. The vendors purchased the home in May 2009. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-freshwater-117227027" target="_blank">40 Wilson Street, Freshwater, NSW </a> <img src="/images/2014/07/15/e7.jpg" alt=""> This modest single storey brick home sold for $2,110,000 through Smyth Estate Agents. With a 919 square metre flat plot, the potential for development on the flat block was central to its marketing campaign. The home had been held by the same family for more than 60 years. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-south+melbourne-117256503" target="_blank">292 Cecil Street, South Melbourne, Vic </a> <img src="/images/2014/07/15/e8.jpg" alt=""> Greg Hocking Holdsworth Albert Park sold this three bedroom, one bathroom <a href="/news">South Melbourne</a> Victorian home for $2,100,000. The freestanding house, located near MSAC, Albert Park Village and Clarendon Street, is north-facing at the rear, bringing light into the kitchen and living areas. The vendors had owned the home for almost 30 years. They purchased the property for $180,000 in November 1984, selling it this week for more than 11 times that price. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-bella+vista-116601871" target="_blank">11 Montpellier Rise, Bella Vista, NSW </a> <img src="/images/2014/07/15/e9.jpg" alt=""> A six bedroom, three car home in <a href="/news">Bella Vista</a> also sold for $2,100,000 this week. Century 21 Prime Property secured the sale of the contemporary house. The newly built home, which took two years to complete, has multiple large living areas and double sized bedrooms. outside, there is a private entertaining area with a barbecue and cooktop, and a swimming pool that comes with a waterfall and coloured lighting. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clovelly-117246355" target="_blank">30 Clifton Road, Clovelly, NSW </a> <img src="/images/2014/07/15/e10.jpg" alt=""> This single fronted home was sold for $2,050,000 through Ray White Kensington. The four bedrooms, three bathroom house with two levels was recently renovated by the vendors. The property has been in their hands since 1987.</li>
</ol>
</body></html>

<html><body>
A Queensland estate beat out blue chip Sydney offerings to secure the most expensive sale of this week, according to RP Data. 
The Fig Tree Pocket home in Brisbane's South West (pictured above) secured $8.25 million.
RP Data suggest that another Queensland home came in second place for the week, with a $4.5 million sale for a Cleveland house. However, it looks like it was beat by a <a href="/news/vic/toorak-home-with-medium-density-potential-fetches-6-01-million">Georgian-inspired Toorak mansion</a>, which sold for $6.01 million on the weekend (pictured below). 
<img src="/images/2014/06/23/toorak_0000_2.jpg.jpg" alt="Toorak home with medium density potential fetches $6.01 million">
RP Data's top 10 sales of the week:
<ol>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/15_ningana_street_fig_tree_pocket_qld_4069/4620090" target="_blank">15 Ningana Street, Fig Tree Pocket, QLD</a> <img src="/images/2014/06/24/1.jpg" alt=""> Barrambin, a sprawling 9, 991 square metre waterfront estate, sold through Adcock Prestige Brisbane for $8.25 million. The expansive five bedroom, seven bathroom home designed by Osterfield and Johnson is set around a central pool. The estate includes a tennis court, gardens, a fruit orchard, two fresh water lakes (with fish, turtles and crayfish), a music room, sauna and air conditioned wine cellar. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_sentinel_court_cleveland_qld_4163/3944548" target="_blank">8 Sentinel Court, Cleveland, QLD</a> <img src="/images/2014/06/24/2.jpg" alt=""> This five-bedroom contemporary home sold through Ray White Cleveland for $4.5 million. Set on 1426 square metres with a private marina berth, the home has views over Moreton Bay. The double brick home has four bathrooms, limestone floors, a marble kitchen and wine cellar, with a swimming pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/13_oxford_street_malvern_vic_3144/14748236" target="_blank">13 Oxford Street, Malvern, VIC</a> <img src="/images/2014/06/24/3.jpg" alt=""> Mororo is a brick Edwardian home, built around 1901. The four-bedroom house was sold at auction on June 21 by Marshall White Armadale for $4.225 million. The four bedroom house, set on 1,125 square metres, has floor boards throughout, with open fireplaces. The property was held by the vendors for almost 34 years. They purchased it for $188,000 in 1980.  
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/210_albert_road_strathfield_nsw_2135/6478251" target="_blank">210 Albert Road, Strathfield, NSW</a> <img src="/images/2014/06/24/4.jpg" alt=""> Simeon Manners Property Mosman sold this six bedroom house for $3.8 million, <a href="/expert-insights/buying/willie-mason-doesnt-sell-but-june-sydney-auctions-on-record-streak">which was below its price guidance</a>. According to the agents, the trophy home was built “in accordance with Feng Shui principles”. The house has six bedrooms and six bathrooms, a formal living and dining area with wet bar, a gym, sauna and steam room. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/57_boronia_road_bellevue_hill_nsw_2023/1368482" target="_blank">57 Boronia Road Bellevue Hill, NSW</a> <img src="/images/2014/06/24/main.jpg" alt=""> This Bellevue Hill home was sold through Laing + Simmons Double Bay and Raine &amp; Horne Double Bay for $3.7 million. The Hamptons inspired home with a double fronted Federation façade has five bedrooms and four bathrooms. The master has garden access, a walk in robe and full spa en suite. 
</li>
<li> <a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_cambridge_street_paddington_nsw_2021/5262831" target="_blank">47 Cambridge Street, Paddington, NSW</a> <img src="/images/2014/06/24/6.jpg" alt=""> Westbury, a four-bedroom house, sold at auction on June 21 by McGrath Estate Agents for $3.437 million. The Victorian Italianate terrace with north east rear aspect was built around 1889. Set over three levels, the home opens with a marble entry hall and has an attic retreat. The vendors bought the home for $3 million four years ago. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/46_mary_street_hunters_hill_nsw_2110/3007023" target="_blank">46 Mary Street, Hunters Hill, NSW</a> <img src="/images/2014/06/24/7.jpg" alt=""> McGrath Estate Agents auctioned this home this weekend, securing $3.28 million. The six-bedroom house is an extended circa 1880s sandstone cottage. The home is set on a 1,233 square metre block across the street from St Joseph’s college. Indoors, there are six open fireplaces, French limestone and iron bark floors. Outside, there is a heated pool and spa. Set on 1,233 square metresVendors held onto the house for 21 years. They purchased it for $530,000 in 1993. . 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/39_townson_street_blakehurst_nsw_2221/1479562" target="_blank">39 Townson Street, Blakehurst, NSW</a> <img src="/images/2014/06/24/8.jpg" alt=""> This five-bedroom house was sold through Gavan Property St George for $3 million. The house has tripled in value in six years – the vendors bought the property for $970,000 in 2008. While four of the five bedrooms are already substantial offerings, with en suites and private balconies, the master bedroom is “apartment sized”, with an en suite with double spa, a private balcony and secure keypad access. Outside, there is a substantial covered entertaining area and pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/21_black_street_vaucluse_nsw_2030/7137362" target="_blank">21 Black Street, Vaucluse, NSW</a> <img src="/images/2014/06/24/9.jpg" alt=""> This modest home was auctioned on June 21 by Sotheby's International Realty and Belle Property, selling for $2.907 million. The unrenovated single storey home was purchased 31 years by the owners, who paid $307,500 in 1983. Set on 727 square metres of land, the house with ocean views has five bedrooms and two bathrooms. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/90_collins_road_st_ives_nsw_2075/6401539" target="_blank">90 Collins Road, St Ives, NSW <img src="/images/2014/06/24/10.jpg" alt=""> </a>Chadwick Real Estate St Ives sold this house prior to auction for $2.88 million. Set on a 1353 square metre plot, this home in Sydney’s North Shore has five double bedrooms, plus a study or sixth bedroom, and two bathrooms. Outside, there’s a heated pool and spa in a big sunny north facing backyard.
</li>
</ol>
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<html><body>
There are 1,160 auction scheduled across Australia this weekend, up from just over 700 during last weeks long weekend, according to SQM Research data.
They found auction volumes in Sydney are set to reach 739, with the busiest suburbs being Mosman, St Ives, Surry Hills (11), Paddington (12) and Wahroonga (14).
Melbourne's auction numbers remain strikingly low at just 64 this weekend. This is lower than some of the generally 'smaller' auction markets with Brisbane reaching 85 and Canberra barely squeezing out ahead at 68 scheduled auctions.
<img src="https://www.urban.com.au/images/2020/10/8/CL%20OCT%208%20AUCTION%20GRAPHIC.PNG" alt="">
Across the other auction markets Adelaide is host to 45 auctions this weekend while Darwin has just one and Hobart zero.
Darwin is the only capital city with more auctions scheduled for the rest of the week than for Saturday, according to SQM which noted that they have 4 properties set for the hammer later next week.
<img src="https://www.urban.com.au/images/2020/10/8/SQM%20OCT%208%20AUCTION%20GRAPHIC.PNG" alt="">
One property set for auction in this weekend's busiest suburb is 49 Grosvenor Street, Wahroonga, (pictured in title).
The six bedroom, five bathroom abode sits on a 1,900 sqm block of land.
This custom-designed tri-level residence is described as the "epitome of a luxury lifestyle".
<img src="https://www.urban.com.au/images/2020/10/8/Wahroonga%202.PNG" alt="">
Another example of the spread of properties set for auction in Wahroonga is 515/2C Munderah Street (pictured above).
The two bedroom, two bathroom apartment is located on the first floor of the Lexington.
It comes with a $775,000 price guide.
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j.ballantyne1990-6AQqhLzZaK

October auction volumes rebound from long weekend property hiatus

<html><body>
Sydney recorded another strong week of auction clearance rates, with preliminary result of 75 per cent of property selling under the hammer on Saturday.
The headline came from Vaucluse where the auction record was broken for the first time in over a decade.
It had been held a $23 million purchase of the Bellevue Hill mansion Le Manoir in 2009.
But now the former home of the late Japanese billionaire Akihito Terada holds the accolade, selling for $24.6 million, some $10 million over reserve.
The 2009-built home (pictured in title), last traded for $11.7 million in 2013.
Sotheby's agent Michael Pallier marketed the Vaucluse Road home on 1,085 sqm which has five bedrooms, six bathrooms, a tennis court and an indoor/outdoor heated lap pool.
The purchaser was a young local Chinese family that had never bid at auction before.
<a href="https://www.propertyobserver.com.au/images/2020/9/28/CL%20SEPT%2028.JPG" target="_blank">Click to enlarge:</a>
<img src="https://www.urban.com.au/images/2020/9/28/CL%20SEPT%2028.JPG" alt="">
Sydney's strong auction clearance rate comes from 630 auctions, down from the forecast 843 homes expected on Friday.
Melbourne's auction market remains dried up with the 49 properties going under the hammer. Just 14 sold.
Across the smaller auction markets, both Adelaide and Canberra saw strong clearance rates of above 77% while Perth struggled and Tasmania saw zero auctions.
 
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jrobinson-rf4aSBido9

Sydney auctions clear 75 per cent with record $24.6 million Vaucluse sale

<html><body>
The auction of a Melrose Park home in the Sydney city of Ryde won’t be any ordinary sale with the late owner bequeathing the proceeds to the Ovarian Cancer Australia charity.
When owner Ian Hemming passed away, he left the sale of his five bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-melrose+park-134226270">120 Lancaster Avenue</a> to neighbour and good friend Ros Scott, with strict instructions for the charity donation.
The charity chose Ray White Gladesville Agent Neil Robson as they thought he was the best person to handle the uncommon sale.
“It’s a very big responsibility and I’m conscious of ensuring that we do the right thing and make sure we can get as much as we can for the charity,” Ms Scott said about the sale of her neighbour's home.
“There are only a few symptoms of ovarian cancer and it’s hard to detect and people don’t realise how deadly it can be."
“Ovarian cancer doesn't get much in the way of donations or attention so they’re over the moon about it. The more research they can do the better”, she said.
Ms Scott said she knew Mr Hemming was planning to donate the proceeds of the house sale to charity, but didn’t realise he had committed the money to Ovarian Cancer Australia, until after his passing.
“When Mr Hemming’s dad passed away some years ago, Ian started talking about what he might do with the house and said he wanted to do something positive,” she said.
“He knew the daughter of a close friend of mine was diagnosed with ovarian cancer and that’s where he got the idea from.
“I didn’t know for sure if he would donate the whole amount but I thought it was likely as they don’t get a lot of publicity and he was a really humble, kind-hearted man, and wanted to make a difference.”
Mr Robson said Ovarian cancer research is very close to his heart after losing his mother in law to the disease several years ago.
“This is a great opportunity for me to honour her and do something to give back that raises awareness and funds for ovarian cancer,” Mr Robson.
The Melrose Park home has a price guide of $1.5 million and is going to auction on September 26.
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Melrose Park home goes under the hammer for the Ovarian Cancer Australia charity

<html><body>
There are 870 capital city auctions being tracked by CoreLogic this week, similar to last week when 866 auctions were held.
Over the same week last year, 1,639 homes were taken to auction across the combined capitals.
Melbourne remains in stage 4 lockdown and as such just 13 auctions are on the radar this week, down from 28 over the previous week and 826 this time last year. This is a record low for Melbourne’s auction market outside of the seasonally quiet early January period.
There are 653 Sydney homes scheduled for auction this week, up from 608 last week, and higher than the 585 held one year ago. The number of auctions held across Sydney has consistently tracked higher than a year ago since mid-June.
Across the smaller auction markets, Brisbane is set to hold the most auctions this week (83), while Adelaide and Canberra are expecting to host 54 auctions each.
There are 11 auctions scheduled for Perth this week, while Tasmania is set to see just 2 properties up for auction.
<img src="https://www.urban.com.au/images/2020/9/10/CL%20SEPT%206.JPG" alt="">
One example of a property set for future auction in Melbourne is<a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-133459414" target="_blank"> 2/93 Argyle Street, St Kilda</a> (pictured in title).
The one bedroom, one bathroom apartment comes with a price guide of $310,000 - $340,000 for its October 17 auction date.
Another of the properties listed to go under the hammer is <a href="https://www.realestate.com.au/property-house-vic-st+kilda-134113730" target="_blank">33 Henryville Street</a>, also in St Kilda, which has a November 21 auction schedule.
The house is a two bedroom, one bathroom property and comes with a prices guide of $950,000 - $1,045,000.
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