Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

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

NAB funds $1 billion Surfers Paradise apartment development, Palmera

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

First look: Aqualand joins St Leonards apartment party

Auctions

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The February CoreLogic RP Data Home Value Index results (<a href="https://www.corelogic.com.au/media-release/dwelling-values-continue-to-rise-while-rental-yields-compress-further" target="_blank" title="Read Indices results">read results here</a>) showed Melbourne dwelling prices rose at a greater rate over the last three months than any other capital city.
When viewed in conjunction with the strengthening auction market this data confirms the solid position intending sellers now find themselves in.  This will also encourage a rise in listings over the next few months and provide buyers with good choice in April and May.
In the last three months house values have risen 4.8% and over the last month the rise was a more moderate 0.2%. Based on settled sales in the last quarter the median sale price was $549,000.
In the last three months unit values have risen 1.8% and over the last month the rise 0.5%. Based on settled sales in the last quarter the median sale price was $450,000. Unit values continue to be subdued due to high supply.
The clearance rate also rose compared to last year. In February a clearance rate of 74.1% was recorded from 3,452 auctions compared to 71.5% from 2,623 auctions a year ago.
AUCTION MARKET PREVIEW
Strong auction demand continued in Sydney, Melbourne and Canberra last week with all three markets recording clearance rates in excess of their 2014 trend and they were joined by Adelaide where a clearance rate in excess of 70% was recorded for the first time in a year. National volumes also fell this week due to the impact of the Labour Day long weekend, particularly in Melbourne,
There are 1,818 auctions expected this week across Australia with 1,448 expected in capital cities. This is compared to 3,238 last week and 1,520 for the same week last year.
In Sydney 801 auctions are expected compared to 1,223 last week and 859 this week last year. As volumes reached a record high last year, it is remarkable that they are higher again this year and that demand remains very strong.
There are 144 auctions expected in Brisbane compared to 216 last week and 138 this week last year.
This week there are 62 auctions expected in Adelaide compared to 109 last week and 80 on the same week last year.
In Canberra there are 75 auctions expected compared to 84 last week and 64 this week last year.
In Perth 42 auctions are expected compared to 27 last week and 33 this week last year.
Across Australia the highest volume of auctions in one suburb are 16 in Mosman (NSW).
There are 312 auctions scheduled this week in Melbourne compared to 329 for the same time last year. Volumes are low due to the Labour Day long weekend. The highest volume of auctions in one suburb is the very popular Glen Waverley where 7 are scheduled.
The February Home Value Index results showed the dwelling prices rose at a greater rate over the last three months than any other capital city and rose slightly in the last month.
When viewed in conjunction with the strengthening auction market this data confirms the solid position intending sellers now find themselves.  This will also encourage a rise in listings over the next few months and provide buyers with good choice in April and May.
The clearance rate also rose compared to last year. In February a clearance rate of 74.2% was recorded from 3,452 auctions compared to 71.5% from 2,623 auctions a year ago.
In respect of the private sale market in the past week, on a citywide basis, the time on market results for houses sold at private sale fell to 43 days, down from 60 days in the previous week. Overall vendor discounting was up slightly to -5.5% from -5.4%.
Melbourne auction market Key data
<ul>
<li>Clearance rate week ending 1 March: 77.1%</li>
<li>Melbourne auctions expected week ending 8 March: 312</li>
<li>Melbourne private sales time on market week ending 1 March: 43 days (houses)</li>
<li>Melbourne vendor discounting market week ending 1 March: -5.5% (houses)</li>
</ul>
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rlarocca-zWhvjay44N

Melbourne residential market provides highest growth over quarter: Robert Larocca

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The penthouse atop the Soul Surfers Paradise tower on the Gold Coast sold for $7 million at McGrath auction this weekend - long after a $16.85 million off the plan deal of 2006 failed to proceed.
<a href="https://www.mcgrath.com.au/buy/apartment-surfers-paradise-qld-4217/240361/?searchID=48350135" target="_blank">It is a four-level penthouse </a>with six bedrooms on the 70th floor of the Cavill Avenue building. 
Set 240 metre above Surfers Paradise beach, the penthouse has 1,040 square metres of space.
Hong Kong billionaire Tony Fung beat out four other bidders, including veteran tourism industry player Frank Picone, to secure the apartment at auction, the Gold Coast Bulletin reported.
The gutted penthouse shell was marketed by John Natoli and James Ledgerwood of McGrath Estate Agents.
The billionaire is planning an $8.15 billion resort and casino at Cairns. The integrated resort at Yorkey's Knob, 13 kilometres north of Cairns in far north Queensland, would be one of the biggest projects in the state if it's given permission by Palaszczuk Labor government. He owns the Canberra Casino.
Last week Tony Fung paid a rumoured $15 million to buy four Gold Coast properties from tycoon Nathan Tinkler's Patinack Farms racing empire.
The Aquis Group chairman bought all four Patinack Farm landholdings in the Gold Coast Hinterland — Wadham Park, Elysian fields, Sarahvale and Benobble — for an undisclosed amount.
 
 
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jchancellor-FAypfDUnLy

Soul, Surfers Paradise penthouse auction results in $7 million sale to Tony Fung

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Sydney auction clearances rates have been in the 80s for all of February.
But the Monday auctions at Cooley Auction Centre East saw a clearance rate on the night of 94%, with 29 of the 31 offered finding a buyer.
There was an average of four registered bidders per property across the 16 auctioned on the night.
Many sold before and one was postponed.
<img src="/images/2015/03/05/cooley-mar-5-one.jpg" alt="">
<img src="/images/2015/03/05/cooley-mar-5-two.jpg" alt="">
Source: Cooley
The property with the most competitive bidding was 8/24 Manion Avenue, Rose Bay which also sold for the most over reserve % wise.
It fetched $780,000 which was $90,000 or 13% over reserve.
Dollar wise, the property selling the most over reserve was 140 Military Road Dover Heights. The home sold for $3.68 million which was $380,000 above the written reserve.
All up Damien Cooley secured around $733,500 over the written reserves on the night, equating to an average $52,000 over reserve.
Counting his other auctions this week has seen his sellers secure a staggering $4,978,500 above their reserve prices.
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Cooley Auctions takes auction success rates into the 90s

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This week has seen two big house sales on either side of Sydney's Centennial Park.
There was $4.7 million paid for 55 Darley Road, Randwick North on Tuesday night. Then on Wednesday night Leppington, 42 Lang Road, Centennial Park (pictured above) sold for $6.2 million.
The Darley Road price was $500,000 beyond the previous highest sale price in this eastern park-side locale. It last sold at $1,952,500 in 2003.
"It really is a sellers’ market right now," BradfieldCleary selling agent Bob Guth advised.
The reserve was $5.7 million when auctioneer Damien Cooley secured the result for Leppington at its <a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/383561" target="_blank">Raine &amp; Horne Double Bay</a> auction through agent Wayne Ihaka.
It is a 1906 home at 42 Lang Road on a 1,094 square metre directly opposite Centennial Park, a sandstone Federation manor with high Victorian design influences.
It last sold at $1,305,000 at 1995 auction, after 94 bids, to then Channel Nine solicitor James McLachlan and Veena Patel.
Recent price guidance came when Nick and Kathryn Greiner secured $6.25 million further along Lang Road.
Both Lang Road and Darley Road are heavily trafficked, but their proximity to the park underpins their buyer enthusiasm.
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Big house sales on either side of Sydney's Centennial Park

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Brisbane agents scheduled a record number of homes for a February weekend with the preliminary result seeing a 61% success rate.
Some 142 properties were scheduled for auction, well ahead of the 84 auctions conducted last weekend and significantly higher than the 100 listed over the same weekend a year ago.
Windaroo hosted the most number of auctions this weekend with seven followed by Sunnybank and Ascot with five each.
Seller confidence in the Brisbane housing market continues to rise following a record spring-summer auction season, Fairfax Domain senior economist Andrew Wilson said.
"This year has commenced in similar fashion with a record early season 448 auctions over the last five weekends compared to the 390 listed over the same period last year," said Wilson.
"Solid buyer demand for inner and middle suburban properties continues to drive the Brisbane housing market with prices continuing to rise."
APM reported the weekend's top sale was $1,496,000 when the four bedroom 89 Towers Street, Ascot (pictured above) deceased estate offering sold through Ray White.
The weekend's cheapest was a three bedroom house at Morayfield for $183,000. The 1 Judith Street house sold through Lynne Cornish Real Estate.
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A solid 61% auction success rate Brisbane's first February Super Saturday

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A north-facing home in Sydney's Bellevue Hill was the most expensive sold last week, according to CoreLogic RP Data.
The four bedroom house was sold through Raine &amp; Horne Double Bay for $5.5 million.
Set on a 720 square metre parcel, the three storey contemporary home has views of the city. Various living areas open through bi-fold doors to outdoor entertaining zones, which include a courtyard, gardens, multiple terraces and a gas heated pool.
The home includes an open plan library at the top of the stairs.
The vendors purchased <a href="https://www.domain.com.au/property/for-sale/house/nsw/bellevue-hill/?adid=2011531949" target="_blank">14 Arthur Street in Bellevue Hill(</a>pictured above) for $4.8 million in 2010. In five years, its sale price increased by $700,000.
The home was one of nine from Sydney that appeared in this week's top 10 list. Just one Melbourne home got a look in – a five bedroom house on Kew's Cotham Road was the 10th most expensive Australian home to sell this week at $3.61 million.
CoreLogic RP Data's top 10 sales of the week ending 1 March:
<ul>
<li>
14 Arthur Street, Bellevue Hill, NSW
</li>
</ul>
4 bed, 3 bath, 2 car house 
$5,500,000 
Raine &amp; Horne 
Double Bay
<ul>
<li>
2A Mount Street, Hunters Hill, NSW
</li>
</ul>
5 bed, 4 bath, 3 car house 
$5,060,000 
First National 
Hunters Hill
<ul>
<li>
190 Barrenjoey Road, Newport, NSW
</li>
</ul>
6 bed, 5 bath, 3 car house 
$5,000,000 
L J Hooker 
Mona Vale 
<ul>
<li>
60 Portland Street, Dover Heights, NSW
</li>
</ul>
4 bed, 6 bath, 5 car house 
$4,800,000 
Position Realty
<ul>
<li>
54 Cammaray Road, Castle Cove, NSW
</li>
</ul>
5 bed, 6 bath, 3 car house 
$4,620,000 
Belle Property 
Glebe 
<ul>
<li>
34 Yanko Avenue, Bronte, NSW
</li>
</ul>
4 bed, 3 bath, 3 car house 
$4,082,000 
Richardson &amp; Wrench 
Bondi Beach 
<ul>
<li>
31 Le Vesinet Drive, Hunters Hill, NSW
</li>
</ul>
3 bed, 2 bath, 3 car house 
$3,850,000 
BresicWhitney Estate 
Agents Hunters Hill 
<ul>
<li>
139 Military Road, Dover Heights, NSW
</li>
</ul>
6 bed, 5 bath, 3 car house 
$3,825,000 
Laing + Simmons 
Double Bay
<ul>
<li>
10 Carrington Parade, Freshwater, NSW
</li>
</ul>
5 bed, 3 bath, 4 car house 
$3,750,000 
Clarke &amp; Humel Property 
Manly
<ul>
<li>
266 Cotham Road, Kew, Vic
</li>
</ul>
5 bed, 3 bath, 4 car house 
$3,610,000 
Marshall White 
Hawthorn
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jrichardson-uRX5hFdKfN

$5.5 million house on Bellevue Hill tops week's sales: CoreLogic RP Data

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Cabramatta secured the weekend's cheapest auction result when $325,000 was paid for a two bedroom unit.
<a href="https://www.realestateview.com.au/Real-Estate/1-11-gilbert-street-cabramatta/Property-Details-buy-residential-8285788" target="_blank">The Ray White marketing</a> advised its annual rent return was $17,680 at $340 a week, reflecting a 5.4% yield.
The sale was secured pre-auction.
Located just a minutes walk from the Cabramatta CBD, the first floor, freshly painted, street facing unit came with an updated kitchen and two balconies.
The 1976 apartment had a lock up garage.
It last sold in 2007 at $175,000, reflecting 8.3% annual price growth, and at $185,000 in near-boomtime 2003.
The Ray White Green Valley selling agent was Scott Whittle. 
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Cabramatta $325,000 sale Sydney's cheapest weekend auction sale

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A preliminary weighted average clearance rate of 77.1% was recorded this week across capital cities compared to 77.3% last week and 74.2% this time last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Capital-City.jpg" rel="wp-prettyPhoto[g4335]"><img class="aligncenter size-large wp-image-4336" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Capital-City-580x432.jpg" alt="National auction results - Capital City" width="580" height="432"></a>
Following last weeks strong result this week’s result indicates the auction market is delivering healthy outcomes to sellers in increasing numbers.
In Sydney a preliminary clearance rate of 82.8% was recorded compared to 86.2% last week and 77.6% last year. This is the fourth consecutive week in excess of 80% making it the strongest capital city auction market in recent times. The Sydney auction market is in uncharted territory now.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Sydney.jpg" rel="wp-prettyPhoto[g4335]"><img class="aligncenter size-large wp-image-4337" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Sydney-580x388.jpg" alt="National auction results - Sydney" width="580" height="388"></a>
In Melbourne the preliminary clearance rate was 76.5%, compared to 75.8% last week and 76.6% this time last year. The Melbourne auction market is beginning to record numbers similar to autumn 2010, when high clearance rates and volumes translated into strong capital gains.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Melbourne.jpg" rel="wp-prettyPhoto[g4335]"><img class="aligncenter size-large wp-image-4338" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Melbourne-580x387.jpg" alt="National auction results - Melbourne" width="580" height="387"></a>
In Brisbane a preliminary clearance rate of 54.6% was recorded compared to 63.6% last week and 46.2% last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Brisbane.jpg" rel="wp-prettyPhoto[g4335]"><img class="aligncenter size-large wp-image-4339" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Brisbane-580x374.jpg" alt="National auction results - Brisbane" width="580" height="374"></a>
In Adelaide a preliminary clearance rate of 78.6% compared to 53.3% last week.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Adelaide.jpg" rel="wp-prettyPhoto[g4335]"><img class="aligncenter size-large wp-image-4340" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/20150302-Adelaide-580x389.jpg" alt="National auction results - Adelaide" width="580" height="389"></a>
In Canberra the market is beginning to show levels of demand currently present in Sydney and Melbourne. A clearance rate of 81.6% was recorded compared to 72.4% last week.
In Perth a clearance rate of 40% was recorded compared to 46.4% last week and 55% last year.
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Sydney auction market enters uncharted territory: Robert Larocca

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Breakneck bidding for 38 Kooyongkoot Road, Hawthorn, took its weekend sale price almost $1 million above its $4.1 million reserve.
It was sold for $5,085,000 to an Australian expatriate family living in Singapore who were watching on via Skype with family members also at the onsite auction.
The stellar pricing was all in the timing for the five-bedroom house (pictured above) in the coveted Scotch Hill precinct.
The result came days after the mid-week private auction of another five-bedroom period house at 3 Kembla Street (pictured below), which smashed its reserve by more than $900,000 selling on Wednesday night at $5.35 million.
<img src="/images/2015/03/02/hawthorn%20mar%202%20one.jpg" alt="">
There had been a $4.4 million pre-auction offer for the property on Kembla Street - from its eventual buyer - that prompted its same day Saturday scheduled auction to be brought foward by four days after the property had attracted more than 100 inspections over its marketing campaign.
"Strategically we made the decision to bring it forward so to ensure that it had all bidders present at the auction as opposed to waiting for sale day and potentially losing [some bidders]," listing agent James Redfern said.
Land title records show the vendors, olympic rower David England and wife Susan, bought the home for $2,125,000 in 2001. 
It attracted seven bidders on 1890 slated-roof Victorian home with some of those who missed out at the Wednesday night auction back at 38 Kooyongkoot Road Saturday afternoon.
Marshall White listing agent Justin Krongold acknowledged the Kembla Street sale had set a benchmark for his auction.
"If not for [Kembla's] result, perhaps if the auction was later today as it had planned to be, it could have been a very different situation," he told Fairfax Media.
Buyers agent Mal James noted a few weeks ago he gave a client advice that this Kooyongkoot Road home with good bones for a renovation on 1,038 square metres should go in the $3.7 million to $4.2 million range, based on the market being the same as last year.
The $3.5 million to $4 million initial price quote implied just below or just above $4 million as the hoped for expectation which James viewed as "not unachievable, but not a given, though it was not unrealistic either" when he first inspected it.
"By last week we had upped our advice to $4.5 million as the top figure," James pondered.
"A few days ago our comment to our client was it could hit $5 million after the 3 Kembla result around the corner as there were six wounded underbidders left over on this James Redfern midweek auction.
"Has the market for these types of homes gone up 5%, 10% or 20% since December or am I just losing my marbles?"
Just a year ago Hawthorn's prestige market was ordinary at best.
Avon Court, the high profile Hawthorn mansion, sold off market in May last year in the suburb's top 2014 sale. But the $19.8 million price showed negative price growth since the Shakespeare Grove property had been purchased by Autobarn boss Garry Dumbrell in 2009 for $20,250,000 when sold by the former Richmond Football Club president Clinton Casey and his wife, Leslie who had Ross Savas at Kay &amp; Burton hire Jo Silvagni to be the face of its print and video campaign. 
{qtube vid:=Ug3X6GJnYpU}
Prices have gone backwards on prestige residential offerings on the lower end of the scale over recent years in Hawthorn.
The 1930-built, 2000-reburbished house at 17 Callantina Road sold at $2.68 million in 2013 having previously sold at a tearaway $2.86 million in 2008. Not even leafy gardens designed by Edna Walling could stop the price collapse.
Another loss taker was when the 2007-built four bedroom house at 16 Burton Avenue sold at $3.34 million in late 2013. It had sold in 2008 at $3.45 million.
Signs of ordinary price growth were also evident in a $2,775,000 Kooyongkoot Road sale in 2013 which had previously sold at $2.6 million in 2007.
The Bai family of Burwood spent $2.83 million to buy 51 Chrystobel Crescent which had been listed in 2011 with $3.4 million hopes. The 2011 auction of the solid 1880 home in the Grace Park precinct had been passed in on a $3.05 million offer in front of around 100 people.
A six bedroom Hawthorn East mansion sold in early 2014 at $3,235,000 at Jellis Craig auction that was just $35,000 more than its prior $3.2 million sale in 2011. 
The Chinese Australian vendor at 4 Mount Ida Avenue didn't cover the stamp duty with the house price - and this was on its second marketing campaign.
In mid-2013 retired Western Bulldogs champion, turned 3MMM breakfast broadcaster, AFL commentator and publican, Luke Darcy upgraded his <a href="https://apm.domain.com.au/research/address.aspx?locationtype=address&amp;state=vic&amp;streetid=292407&amp;unitnumber=&amp;streetnumber=42" target="_blank">Hawthorn home</a>, despite his sentimentality for the rejuvenated Footscray suburb.
Darcy commented during the spring 2014 selling season that he'd detected an uptick in the Hawthorn auction prices.
Luke and Rebecca Darcy secured $2,975,000 in Hawthorn when selling in 2013 having paid $2.82 million in 2007, reflecting less than one percent annual growth through the six years.
The Darcy's upgraded to a nearby $3.2 million house which might now seem have been a good time to upgrade homes while prices where constrained.
Their new property had been built by the Toorak-bound MAB managing director Andrew Buxton.
The four bedroom house, with study, is in a prime Scotch Hill spot with a pool and tennis court set on more than 1000 square metres. 
The former Harcourt Street, Hawthorn East home of the since departed AFL boss Andrew Demetriou resold with negligible price appreciation too in 2013. The four bedroom renovated 1965 home at 50 Harcourt Street, which was offloaded by Demetriou in 2008 for $2.7 million, was sold at $2,742,500 in 2013. Just $42,500 gain in the five years.
The 2012 top sale in Hawthorn was on Kooyongkoot Road, Hawthorn was sold by Craig Parsell, who was Hong Kong based when he bought it in 2002 for $3.45 million. Parsell is a veteran executive partner in the technology services company Accenture. Known as Koot, its situated in the heart of the Scotch Hill precinct. It's got a tennis court and pool on its 2,788-square-metre holding. The $12,588,000 buyer was company director Juhne Lie. 
Kay &amp; Burton secured 2013's highest sale which was $11 million the the 1883 mansion, Katoomba on Harcourt Street, in Hawthorn East. It came with Stuart Rattle interiors and Paul Bangay gardens done for the Laidlaw family who sold to the Bailey family.
Mal James since that the results of the past week of prestige Melbourne offerings were not evidence that the market has gone crazy.
"[The market] is responding to fundamentals and the fundamentals are incredibly strong right now for larger landholdings with flexibility," James said.
"That is why we have been strong on buying for clients for the last 24 months and are continuing to do so.
"Those fundamentals are turbo charged overseas demand completely out of whack with the dwindling supply of certain home types described above.
"So unless the wealth of overseas buyers drops (and it has increased for the last 40 years), or the government intervenes (showing no stomach to do so on any serious note at present) or Chinese buyers (in particular) reverse their preference to landbank (reducing supply even further) then the market is doing what it is doing based on sound demand and supply principles, not anything else.
"This may well continue for some time (with the odd hiccup).
"We wrote a number of times last year that each month was either a tread or a step in a rising staircase on price which reignited in October 2012 and hasn’t stopped since.
"But February 2015 is different – it has jumped off the staircase, gone up a whole floor in the lift (for the above types of properties) and we assume will now continue on its merry way."
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Hawthorn hits its straps as reserves bettered by $1 million in auctions timed to the max

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<div>With an 85.5% initial clearance rate, the red hot Sydney summer home auction market continued today despite it being a record volume for a February Saturday.</div>
<div> </div>
<div>
Houses achieved a median price of $1.24 million while apartments sat at a $764,000 median.
</div>
<div> </div>
<div>Some 788 homes were scheduled to be offered under the hammer on 28 February, higher than last weekend’s 636 and the 665 conducted over the same weekend last year.</div>
<div> </div>
<div>Andrew Wilson, the Domain Group senior economist said Sydney passed with "flying colours".</div>
<div> </div>
<div>The preliminary results covered 605 auctions.</div>
<div> </div>
<div>
<div>The top residential sale was $4.62 million for a contemporary home at Castle Hill through Belle Glebe. There was also the $4.64 million sale of an Ashfield block of nine two bedroom apartments through Elders Inner West agent Sebastian Bonaccorso.</div>
<div> </div>
<div>The top auction offer, which was not accepted, was <a href="https://www.domain.com.au/property/for-sale/house/nsw/woollahra/?adid=2011731748" target="_blank">$6.25 million in Woollahra</a>, but that was less than the $6.5 million paid for the contemporary Holdsworth Street terrace in 2011, and highlighting all the Sydney print headlines of premium property recovery being premature. 
</div>
<div> </div>
<div>It is among the terraces (above) previously occupied by the Holdsworth Gallery. It was the former Rothschild banking director Geoffrey Hodgkinson, a former assistant Reserve Bank governor, and his wife Tina who were the fortunate 2011 vendors securing the $6.5 million.</div>
<div> </div>
<div>The city and east hosted the most number of auctions with 125 followed by the inner west with 119. </div>
<div> </div>
<div>The most popular Sydney suburbs for auctions this weekend were Mosman and Maroubra each with 12 followed by Drummoyne 11, Randwick 10 and Epping, Surry Hills and Glebe each with eight auctions.</div>
<div> </div>
<div>There was a $1.72 million Chadwick Real Estate sale (below) at Epping, a 1940s house on 840 square metes which last sold in late 1994 at $350,000, reflecting 8% annual price growth.</div>
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<div class="innerCont"><a href="https://www.realestate.com.au/photogallery_new.ds?id=119068843&amp;theme=rea.sold" rel="photos" data-id="119068843"><img src="https://i4.au.reastatic.net/800x600/af882dfc26d02f817f4ed9c26693dfc0a4fcd01198fee3901e8b58cadf6f7ca4/image5.jpg" alt="11 Dunmore Road, Epping" title="11 Dunmore Road, Epping" data-index="4"></a></div>
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<div>Last Saturday Sydney's clearance rate was adjusted to 83.1%, down from the preliminary near-record 84.6% result.</div>
<div> </div>
<div>TOP SALES ACROSS THE CAPITALS
</div>
<div> </div>
<div>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody align="left">
<tr id="ecxrpMostExpensive_trMostExpensiveRow_0">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_0"> 54 Cammeray Road, Castle Cove, 5br House, Belle Glebe</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_0"> $4.62m</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_1">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_1">136 Page St, Middle Park VIC 3206, 4 br House, Cayzer Real Estate</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_1">$5,500,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_2">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_2">8 Netley Av, Lockleys SA 5032, 3 br House, Ouwens Casserly</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_2">$910,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_3">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_3">89 Towers St, Ascot QLD 4007, 4 br House, RW - New Farm</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_3">$1,496,000</td>
</tr>
</tbody></table>
Source: Australian Property Monitors
One of the weekend buyers was the Channel 10 Shark Tank series presenter Sarah Harris and husband Tom Ward, an IT professional, who paid $2,175,000 for a contemporary Cremorne semi, paying $75,000 above the reserve price.
APM incorrectly noted the weekend's top sale, which prompted an update to the article.
</div>
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