A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Joel Robinson

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

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

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

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

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

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

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

Auctions

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Around $700,000 was being tipped for the latest offering in the 1920s Potts Point building, Gowrie Gate.
The 504/115 Macleay Street apartment boasted quality finishes along with Bridge and Opera House views.
The 54 square metres apartment was sold by Vicki Laing and Simon Polito at Laing Real Estate who secured the $797,000 under the hammer.
The apartment was <a href="https://laing.com.au/597664/" target="_blank">designed by residential </a><a href="https://laing.com.au/597664/" target="_blank">architect Daniel Boddam-Whetham</a> and was shortlisted for the 2011 RAIA Interior Architecture prize.
Its levies were administration $233 per quarter and the sinking fund at $539 per quarter.
 
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jchancellor-FAypfDUnLy

Daniel Boddam-Whetham-designed Gowrie Gate, Potts Point apartment sold

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A Hills District home on five acres has secured the highest sale of last week, according to CoreLogic RP Data.
Petalinda, selling for $9 million, is more than double the price of the next most expensive house of the week, a $4,065,000 Brighton home. The home also set a<a href="/news/glenhavens-petalinda-sets-9-million-hills-district-record"> new record price for the suburb</a>.
The week's list was dominated by Sydney homes, with just two Melbourne offerings making the top 10.
CoreLogic RP Data's top 10 sales of the week ending 14 December
<a href="https://www.realestate.com.au/property-house-nsw-glenhaven-118430299" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">6 Gilmour Close, Glenhaven, NSW</a>
<img src="/images/2014/12/16/1.jpg" alt="">
Petalinda is a six bedroom house set on five acres in the Hills District, sold through Merc Real Estate Castle Hill.
The estate includes a wine tasting cellar, a commercial grade bar, an indoor pool, a 14 person sauna, a spa, gymnasium, and a tennis court. It's not just humans who are well taken care of at Petalinda – the estate includes an aviary and a Koi Carp fish pond.
The vendors paid $5.3 million for Petalinda just three years ago.
<a href="https://www.realestate.com.au/property-house-vic-brighton-118510583" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">11a Dendy Street Brighton Vic 3186</a>
<img src="/images/2014/12/16/2.jpg" alt="">
This three level Brighton home sold for $4,065,000 through Hodges Real Estate Brighton. The five bedroom, three bathroom house has a six car garage basement. T
he house includes formal living and dining areas, a north facing family area and a lounge area. There is also a heated pool and spa on the 706 square metre plot. The vendors have held the home for 14 years, paying $1,775,000 in 2000.
<a href="https://www.realestate.com.au/property-house-vic-moonee+ponds-117594311" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">38 Ardmillan Road, Moonee Ponds, Vic</a>
<img src="/images/2014/12/16/3.jpg" alt="">
Nelson Alexander Essendon sold this six bedroom, four bathroom house for $3.95 million. The brick Victorian house sits on 2,060 square metres, with an in-ground pool and a tennis court.
Vendors paid $2.6 million for the house in February 2005.
<a href="https://www.realestate.com.au/property-unit-nsw-glebe-118492811" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">16/501 Glebe Point Road, Glebe, NSW</a>
<img src="/images/2014/12/16/4.jpg" alt="">
Buyers paid $3.66 million for this 263 square metre apartment in the Pavillions on the Bay complex. The residence was designed by Tonkin Zulaikha Greer architects (who are behind the award winning National Arboretum Canberra).
The apartment has three bedrooms and three bathrooms. The master suite includes a custom-designed dressing room and an en suite with bath.
In four years, the property's price has increased by $660,000.
<a href="https://www.realestate.com.au/property-apartment-nsw-woollahra-104930631" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">2/333 Edgecliff Road, Woollahra, NSW</a>
<img src="/images/2014/12/16/5.jpg" alt="">
This whole floor apartment sold for $3.56 million through Ray White Double Bay. The apartment is located in Cullen House, a two-apartment art deco building designed in 1936 by a protégé of Professor Leslie Wilkinson. It has four bedrooms and three bathrooms, with a northeast facing colonnaded terrace.
The property was last traded in June 2008 for $2.9 million.
This article continues on the next page. Please click below.
 
<hr class="system-pagebreak">
<a href="https://www.domain.com.au/property/sold/apartment-unit-flat/nsw/millers-point/?adid=2011581948" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">19/155 Kent Street, Millers Point, NSW</a>
<img src="/images/2014/12/16/6.jpg" alt="">
Another Sydney whole-floor apartment, this home sold for a substantial sum. While the price remains undisclosed, Property Observer is advised that it makes sixth place on our list.
The residence in The Georgia, designed by Ercole Palazzetti has three bedrooms and two bathrooms, with views to the harbour and westward to the Blue Mountains. With a radial floorplan, the apartment has a private entertaining terrace and a loggia.
It last sold in 2007 for $3.4 million.
<a href="https://www.realestate.com.au/property-house-nsw-queens+park-118249395" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">142 Denison Street, Queens Park, NSW</a>
<img src="/images/2014/12/16/7.jpg" alt="">
This six bedroom, four bathroom house sold for $3.5 million through Di Jones Real Estate. The home, near Bondi Junction, is set over two levels.
It has underfloor heating, with Bendonia tiled floors throughout the multiple living and dining areas. The vendors purchased the property 10 years ago for $1.58 million.
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-118217687" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">14 Pearce Street, Double Bay, NSW</a>
 <img src="/images/2014/12/16/8.jpg" alt="">
A newly completed house designed by Tribe Studio sold last week for $3.41 million through BradfieldCleary Double Bay. The four bedroom, two bathroom house has an open plan interior that opens to the outdoor living space. Upstairs, the master suite has a balcony overlooking the backyard.
Tribe Studio's work has been largely published. Vendors purchased the property, prior to the construction of the current house, for $2.13 million.
<a href="https://www.domain.com.au/property/sold/house/nsw/north-bondi/?adid=2011581929" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">60 Brighton Boulevard, North Bondi, NSW</a>
<img src="/images/2014/12/16/9.jpg" alt="">
Raine &amp; Horne Double Bay secured $3.28 million for vendors at the sale of this North Bondi home. All five bedrooms have built in robes, while the master bedroom also has a private balcony and en suite.
The open plan living area opens to the rear north facing courtyard through bi-fold doors. Vendors paid $3.1 million for the house in March 2011.
<a href="https://www.realestate.com.au/property-house-nsw-st+ives-118547479" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">39 Bundabah Avenue, St Ives, NSW</a>
<img src="/images/2014/12/16/10.jpg" alt="">
The 10th most expensive home to sell last week was a four bedroom, four bathroom house in St Ives. It sold for $2.9 million through Chadwick Real Estate St Ives.
The two storey brick residence, situated on 1,609 square metres, has a formal lounge with gas log fire, a separate dining room, an informal meals area and living room, and outdoor entertaining area. There is also an in-ground saltwater pool with spa.
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jrichardson-uRX5hFdKfN

Sydney's prestige market finishes the year on a high: Top 10 sales of the week

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Two boxes on Brighton's Dendy beach sold last weekend.
One was newly built by the local council and the other dated back to early last century.
The newly built box <a href="https://www.hockingstuart.com.au/recentlysold/BATHING_BOX_57A_DENDY_STREET_BRIGHTON_VIC_3186" target="_blank">57a</a> (pictured below) fetched $215,000 through hockingstuart after bidding from the neighbours.
<img src="/images/2014/12/16/brighton%20dec%2016%20one.jpg" alt="">
<img src="/images/2014/12/16/brighton%20dec%2016%20two.jpg" alt="">
<img src="/images/2014/12/16/brighton%20dec%2016%20three.jpg" alt="">
<img src="/images/2014/12/16/brighton%20dec%2016%20four.jpg" alt="">
Bathing box <a href="https://www.domain.com.au/property/for-sale/house/vic/brighton/?adid=2011614004" target="_blank">67</a> (pictured below), which had been in the same family for almost six decades, sold for $190,000 through Hodges.
<img src="/images/2014/12/16/brighton%20dec%2016%20second%20one.jpg" alt="">
<img src="/images/2014/12/16/brighton%20dec%2016%20second%20two.jpg" alt="">
The record for a Dendy bathing box remains $260,000.
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Old and new bathing boxes at Brighton sell

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A preliminary weighted average clearance rate of 65.2% was recorded this week across capital cities compared to 63.7% last week and 65.1% this time last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Capital-City.jpg" rel="wp-prettyPhoto[g4123]"><img src="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Capital-City-580x426.jpg" alt="National Auction Comments | Capital City" width="580" height="426"></a>
The market may have cooled since the start of spring but that won’t prevent the overall clearance rate for 2014 exceeding last year. In 2013 the capital cities clearance rate was 66.2% and with one week to go this year it is 67.9%. With the exception of Melbourne and Perth the clearance rate has risen in each capital city. More people have sold more homes at auction this year.
In Sydney a preliminary clearance rate of 71.2% recorded compared to 66.1% last week and 72.2% last year. The Sydney auction market has delivered very good outcomes for sellers this year with a higher clearance rate and number of sales. The clearance rate for 2014 is likely to be close to 74.4%, higher than 72.7% last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Sydney.jpg" rel="wp-prettyPhoto[g4123]"><img class="aligncenter size-large wp-image-4125" src="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Sydney-580x392.jpg" alt="National Auction Comments | Sydney" width="580" height="392"></a>
In Melbourne a preliminary clearance rate of 65.9% was recorded compared to 66% last week and 64.9% this time last year. The clearance rate for 2014 is likely to be marginally lower, around 68.5%, than 2013 when it was 69.2%.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Melbourne.jpg" rel="wp-prettyPhoto[g4123]"><img class="aligncenter size-large wp-image-4126" src="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Melbourne-580x390.jpg" alt="National Auction Comments | Melbourne" width="580" height="390"></a>
In Brisbane a preliminary clearance rate of 47.3% was recorded compared to 39.7% last week. The overall clearance rate in Brisbane for 2014 is likely to be 45.8%, higher than 41.5% last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Brisbane.jpg" rel="wp-prettyPhoto[g4123]"><img class="aligncenter size-large wp-image-4127" src="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Brisbane-580x390.jpg" alt="National Auction Comments | Brisbane" width="580" height="390"></a>
In Adelaide a preliminary clearance rate of 57.5% compared to 56.6% last week. The overall clearance rate for 2014 is likely to be 61.9%, higher than 56.5% last year.
<a href="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Adelaide.jpg" rel="wp-prettyPhoto[g4123]"><img class="aligncenter size-large wp-image-4128" src="https://blog.corelogic.com.au/wp-content/uploads/2014/12/20141215-Adelaide-580x384.jpg" alt="National Auction Comments | Adelaide" width="580" height="384"></a>
In Canberra a clearance rate of 59.5% was recorded. The overall clearance rate for 2014 is likely to be 55.9%, higher than 52.3% last year.
In Perth a clearance rate of 33.3% was recorded. The overall clearance rate for 2014 is likely to be 41.1%, lower than 46.5% last year.
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rlarocca-zWhvjay44N

Sydney auction market has delivered very good outcomes for sellers this year: National auction wrap

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As the final round of properties for the year go under the hammer this weekend, RP Data figures show more people have sold more homes at auction this year than in 2013.
While the market has cooled in the latter half of 2014, the capital city clearance rate will exceed last year, currently sitting at 68% with one week to go, compared to 66.2% last year. RP Data shows the clearance rate has risen in each capital city, with the exception of Melbourne and Perth.
It was <a href="https://www.smartcompany.com.au/finance/investment/34971-property-market-forecasts-for-2014">forecast the market would show a little bit of sanity</a> this year compared to the strength of 2013 and it certainly has shown more moderate growth, says RP Data housing market specialist Robert Larocca.
“It has certainly been a good year,” says Larocca. “The high volumes are proof the market is going strongly and there has been a shift in sales method towards auctions.”
Larocca says different auction markets have performed differently throughout the country, with the most notable contrast between Australia’s two biggest auction cities.
“Sydney led the pack and produced the best results with an unprecedented rise in auction volumes,” he says.
“In retrospect, I think 2014 will be the year that Sydney caught up with Melbourne.”
Larocca says the raw numbers show Sydney now lists around the same number of auctions as Melbourne, where it used to list closer to half.
“It will be interesting to see in the next couple of years if there is a fundamental shift, or if the market was just strong this year and auctions were trendy,” he says.
Sydney notched a clearance rate of 71.2% on 1259 auctions at the weekend, compared to 72.2% last year. The overall clearance rate for the year will likely be close to 74.5%, according to Larocca, higher than the 72.7% recorded last year.
Larocca says while the Melbourne market has softened in recent months, that is characteristic for this time of year.
“It’s typical of a market that is performing quite moderately,” he says.
Melbourne logged a 65.9% clearance on 1,535 homes this weekend, compared to 64.9% this time last year. Larocca says the clearance rate for 2014 is likely to be marginally lower at around 68.6%, compared to 69.2% in 2013.
The overall clearance rate for Brisbane in 2014 is likely to be 45.8%, higher than 41.5% last year, while Adelaide will sit at 62%, higher than 56.5% last year.
Perth has dropped to 41.2% for 2014, lower than 46.5 % last year.
Looking forward to 2015, Larocca says much will hinge on overall economic conditions, suck as economic growth, unemployment figures and the Reserve Bank of Australia’s move on interest rates.
“We probably shouldn’t be hoping for more cuts,” he says.
“They may provide a short-term boost and make people feel good, feel as though they are paying less, but it shows the Reserve Bank is saying there are problems with the economy. The property market has performed well with higher rates in the past.”
Larocca forecasts slightly more subdued clearance rates for the start of 2015, expecting major capital cities to drop to the mid-60s.
“I think there will be a reduction in overall auctions numbers too, we won’t see the sustained growth we saw this year, reflecting the strength of the market has toned down as the year goes on,” he says.
“Overall, I think the market will be standing still until we see some stronger, positive economic signs.”
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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krobb-aCrRNnPq6D

Hammer falls on a stronger auction year than last

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Auction price secrecy in Queensland extends beyond their auctions.
Last weekend was the second batch of auction campaigns when estate agents could be fined for giving out pre-auction price estimates.
But the price details after the 167 auction offerings <a href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" target="_blank">last</a> weekend on Sturday December 13 across Brisbane were still scant. 
Sadly, just the 54 results were reported to Australian Property Monitors in the Domain Group. There were just 17 actual prices, so full disclosure on 10% of the offerings.
The prices ranged from $270,000 for a three bedroom house at Archerfield to a $1,875,000 sale at 42 Birkalla Street, Bulimba (pictured above). The 17 results had just the one passed in price.
Last week, <a href="/news/qld/brisbane-property-price-secrecy-even-after-the-auctions">the first batch since the 1 December introduction by the Queensland Newman government</a>, had post-auction price transparency for only six of the 140 auction offerings across Brisbane.
So there was some improvement in disclosure, which can be the foundation for 2015 fuller disclosure.
Click to open in new window:
<a href="/images/2014/12/15/bris-dec-15-one.jpg" target="_blank"><img src="/images/2014/12/15/bris-dec-15-one.jpg" alt=""></a>
<a href="/images/2014/12/15/bris-dec-15-two.jpg" target="_blank"><img src="/images/2014/12/15/bris-dec-15-two.jpg" alt=""></a>
Source: Australian Property Monitors
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Auction price disclosure for just 10% of Brisbane weekend offerings

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Another near-record number of Sydney homes went under the hammer with 979 weekend auctions.
It ranked as the fourth highest day for auctions this year and the fifth highest ever.
Around 400 auctions are scheduled just five days before Christmas.
The weekend result, according to the initial Australian Property Monitors (APM) report, was 75%, with the prior weekend revised down to 65%.
The inner west hosted 172 auctions followed by the south with 141, but the busiest suburb for auctions was Blacktown in the west with 15, followed by Mosman on the lower north shore and Epping on the upper north shore each with 14.
APM had nine sales among the 10 reported results at Blacktown.
The price ranged from $497,000 for a three bedroom cottage <a href="https://www.domain.com.au/property/for-sale/house/nsw/blacktown/?adid=2011604082" target="_blank">at 41 Maloney Street</a> (pictured above) to $902,000 for a four bedroom, 10 year old home on a large 1162 square metre block at <a href="https://www.domain.com.au/property/for-sale/house/nsw/blacktown/?adid=2011625163" target="_blank">2a Felicia Place</a>. Starr Partners were saying $799,000 plus for the pricey offering.
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Blacktown secures strong auction success among busy Sydney auction weekend

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A five-level, 400-square-metre Richmond warehouse - once used as malthouse silo - fetched $2,511,000 after its weekend Biggin and Scott auction.
The three-bedroom apartment had attracted just the one bid of $2.22 million when 2/24 Abinger Street (pictured above) went to auction.
The property in the Richmond Hill pocket has an indoor salt-water heated pool, beneath a retractable roof.
The sale was among the weekend clearance rate of 70%, up compared to 66% last weekend and 68% this weekend last year, according to the REIV.
There were 1,266 auctions reported to the REIV this weekend, with 881 selling.
The inner Melbourne region has had the highest clearance rate so far this year, at 73%.
The busiest auction suburbs so far this year are Reservoir, Richmond, South Yarra and St Kilda - with over 450 auctions held in each.
Melbourne has recorded an unprecedented five Saturday’s in a row.
Richmond was the most popular auction suburb with 24 offerings, along with Mount Waverley.
The REIV listed 11 sales among its <a href="/news">13 Richmond results</a>. The Abinger Street offering was the top apartment sale.
Top 5 Houses
<ul>
<li>133 Canterbury Rd MIDDLE PARK $3,740,000</li>
<li>378 Beach Rd BEAUMARIS $3,700,000</li>
<li>80 Kooyongkoot Rd HAWTHORN $3,085,000</li>
<li>3 Mclachlan St NORTHCOTE $2,782,000</li>
<li>352 Montague St ALBERT PARK $2,710,000</li>
</ul>
Top 5 Bargain Houses
<ul>
<li>166A Widford St BROADMEADOWS $242,500</li>
<li>13 Langibanool Av HAMLYN HEIGHTS $251,000</li>
<li>5 Redpath Cl EPPING $295,000</li>
<li>25 Newgrove Rd HEALESVILLE $300,000</li>
<li>96 Laura Av BELMONT $311,000</li>
</ul>
Top 5 Flats/Apartments
<ul>
<li>24 Abinger St RICHMOND $2,511,000</li>
<li>Penthouse/212A Kooyong Rd TOORAK $2,160,000</li>
<li>1-4/424 Gaffney St PASCOE VALE $1,480,000</li>
<li>3/5 Moorakyne Av MALVERN $1,470,000</li>
<li>3 Princes Pl PORT MELBOURNE $1,450,000</li>
</ul>
Top 5 Bargain Flats/Apartments
<ul>
<li>111/44 Barkly St ST KILDA $185,000</li>
<li>9/150 Brunswick Rd BRUNSWICK $227,500</li>
<li>4/28 Hopetoun St MOONEE PONDS $232,000</li>
<li>8/149 Melrose Dr TULLAMARINE $235,000</li>
<li>10/23 Robe St ST KILDA $271,000</li>
</ul>
Source: REIV. 
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Inner city Richmond highlights Melbourne auction resilience

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National auction clearance rates are struggling to find the same heights as earlier in the year, off the back of a huge weekend for the property market.
According to RP Data, a massive 3,692 properties went under the hammer over the weekend, notching up the <a href="https://www.smartcompany.com.au/growth/economy/44845-former-genetic-technologies-chief-jailed-for-market-manipulation-merry-christmas-ahead-for-property-buyers-at-auctions-midday-roundup">same 66.6% national clearance rate as last week</a>, with the two biggest auction cities battling to find the demand for greater supply.
Sydney struggled in the face of greater supply, with only 71.7% of 1,378 homes selling at the auction block – the lowest level in 18 months, <a href="https://www.theaustralian.com.au/subscribe/news/1/index?sourceCode=TAWEB_WRE170_a&amp;mode=premium&amp;dest=https://www.theaustralian.com.au/business/property/auction-clearances-point-to-cooling-housing-market/story-fniz9vg9-1227147757900&amp;memtype=anonymous">according to The Australian</a>.
On a substantial Super Saturday in Melbourne, which saw 1,823 properties up for auction, Melbourne cleared 67.1%.
Frank Valentic, buyers advocate from Advantage Property Consulting, said the two week drop in clearance rates is “not evidence of a crash” and not something to concern sellers.
“It’s a sign of the large volume we’ve had over the last two months,” says Valentic.
“The market is just catching up with itself. It’s a natural thing when we see greater supply and each week we are seeing a large volumes of auctions.”
Valentic says around 10,000 properties have gone to auction in the last eight weeks, with considerably more Super Saturdays in Melbourne than last year.
“This shows there is confidence in the market and in the auction method,” he says.
“There is confidence that if you put your house on the market, you’ll get a sold sticker on it and a reasonable price.”
While Valentic says there are signs the Melbourne apartment market is softening due to an oversupply in inner suburbs, he says house prices are still “bulletproof”.
But he believes the clearance rate drops are not a sign the market swinging back in favour of buyers, saying there are still opportunities for both sellers and buyers to find excellent results.
“There are always opportunities to buy well and buy badly in any market. Anything with a wow factor will always be in demand,” Valentic says, giving the example of a property in Montague Street Albert Park, which sold for $675,000 above reserve at the weekend.
Valentic says the market is showing solid and sustained growth, unlike the heights and troughs of previous years, such as the boom of 2010.
He believes 2015 will begin with solid clearance rates in the mid-70’s, after the market takes a break for the Christmas period.
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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Property clearance rate drop is “natural” as auction volumes surge, says expert

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There was a $1.2 million sale of the 7/1 Printers Lane, Darlinghurst offering, which was listed with $1.1 million plus hopes.
The one-bedroom loft apartment had 102 square metres space at the late 1990s conversion of The Printery.
The block of nine apartments retains its interior and exterior industrial feel.
Scott Aggett of <a href="https://www.belleproperty.com/44P1084" target="_blank">Belle Property Surry Hills</a>, marketed the apartment with a secure parking space.
It last traded at $750,000 in 2011 and for $605,000 in 2002.
It first sold in 1998 for $410,000.
The prices when first offered in 1997 was ranged between $220,000 and $390,000 as empty shells - or apartments without walls - in the Shepherd &amp; Newman warehouse.
All floors were hardwood. All walls were painted brickwork. Windows were steel-framed timber.
The warehouse shells were offered through agent Sam Elbanna of City Project Marketing.
Built early in the last century, the Shepherd &amp; Newman warehouse served as a printing works for many years situated in a quiet lane off Yurong Street.
The Shepherd &amp; Newman warehouse was developed by MWI Property with its configuration designed by Peter Gerhard and Brian Tetu of Sunspot Design. 
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