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 international 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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A former Brighton home of retired cricketer Shane Warne was passed in on a vendor bid of $5.1 million at weekend auction.
Brighton's most famous residents, Shane Warne and Simone Callahan called <a href="https://www.realestateview.com.au/Real-Estate/102-esplanade-brighton/Property-Details-buy-residential-7552982" target="_blank">102 The Esplanade</a> (pictured above) home four four years until sold for $2.61 million in 2000.
It last sold nine years ago for $3.85 million when bought by the current vendors.
Nick Johnstone Real Estate had the lavish five-bedroom house listed in conjunction with Buxton with $5 million plus hopes.
The highest priced notified Melbourne sale of the past week was $3,525,000 when <a href="https://www.realestateview.com.au/Real-Estate/1a-rose-street-brighton/Property-Details-buy-residential-7519400" target="_blank">1A Rose Street, Brighton</a> (pictured below), a bakery warehouse style offering, sold late last week through hockingstuart.
<img src="/images/2014/09/22/brighotn%20sept%2022%20two.jpg" alt="">
The REIV reported a clearance rate of 75% was recorded on the weekend compared to 73% last weekend and 78% this weekend last year.
There were 894 auctions reported to the REIV this weekend, with 104 passed in on a vendor bid, Enzo Raimondo, the REIV chief said.
The Warne's bought the home, which comes with ocean views, for $902,000 in 1996.
The Warne's bought from the Goldstein family and sold in 2000 to Morry Fraid when they moved to Middle Crescent, Brighton which was bought for about $3.5 million in 2000 and sold for about $8.75 million seven years later.
It is understood that both Shane and Simone still reside in Brighton.
In February this year Simone spent $2.6 million on her abode.
<a href="/news/successful-sales-spin-secures-shane-warnes-brighton-mansion-sale">Shane sold Kilkerran</a> with downsizing plans to another Brighton house, although the reported $4 million sale has yet to be registered.
His historic four bedroom house, Kilkerran, which sits on a 2,202 square metre estate, fetched $10.85 million. 
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jchancellor-FAypfDUnLy

Former Warne house remains for sale, while Brighton bakery warehouse tops results

<html><body>
The first prospective Super Saturday of spring has emerged in Melbourne in the lead up to Grand Final weekend.
Melbourne has 987 auction offerings, according to Australian Property Monitors, which just falls short of the requisite 1000-strong tally of the so-called Super Saturday status, although the REIV count has a higher tally of 1,100 auctions and <a href="/expert-insights/buying/melbourne-gears-up-for-1-000-plus-auctions-rp-datas-weekend-preview">RP Data's count is 1,090</a>.
That REIV figure is across 261 suburbs, including Geelong and the Mornington Peninsula which are not included in the APM list. 
But Sydney will certainly have one next weekend with 700 on offer.
Melbourne's 987 is up 17.5% on the same Saturday last year, according to Australian Property Monitors, and a record offering for any September Saturday.
"The record pre-Grand Final weekend for auction activity will certainly provide the robust and resilient Melbourne spring market with its biggest test so far," the APM senior economist Andrew Wilson said.
The REIV says it is the highest number of auctions since the weekend of 30 May/1 June.
The top auction locations this week are Hawthorn (22 auctions), Reservoir (20 auctions), and Kew (18 auctions). 
<div>Sydney has 609 scheduled auctions this weekend which is 13.1% up on the same Saturday last year.</div>
<div> </div>
<div>Melbourne has had seven 1,000 plus auction Saturdays so far this year, according to APM. </div>
<div> </div>
<div>There were six 1,000 plus weekends last year in Melbourne, with five of them during the spring selling season through to December 2013.</div>
<div> </div>
<div>The Melbourne auction volumes drop to fewer than 50 on AFL grand final day.</div>
<div> </div>
<div>
With five Saturdays, the Sydney market recorded its busiest-ever auction listings for an August.
</div>
<div> </div>
<div>This weekend's 609 offerings jumps to 700 plus next weekend, as it heads towards its NRL Grand final weekend slowdown on the October long weekend.</div>
<div> </div>
<div>Sydney's auction volume needs to be at 650 plus to warrant the super Saturday hype.</div>
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Super Saturday for Melbourne auctions, sort of, but Sydney for certain next Saturday

<html><body>
There are 1,090 auctions scheduled this week in Melbourne compared to 984 for the same time last year. 
The highest volume of auctions this week is in <a href="/news">Reservoir</a> with 24 expected followed by 23 in <a href="/news">Hawthorn </a>and 22 in <a href="/news">Brighton</a>.
Last week was the 12th time this year where in excess of 1,000 auctions were recorded; the highest for year was 1,510 in mid April. In 2013 there were 11 weeks with more than 1,000 auctions and in 2012 there was four.
Given an increase in auctions as a popular mechanism for selling, the prevalence of 1,000 plus auctions each week is much higher than ever before, making weeks of 1,500 plus a more significant indicator of confidence from vendors. There were four weeks with more than 1,500 auctions last year, all after the AFL Grand Final. There is no reason this won’t be repeated this year.
Time on market results for houses sold at private sale fell from 45 days to 44 days over the last week whilst vendor discounting fell from -5.6% to -5.4%.
Key data
<ul>
<li>Clearance rate week ending 14 September: 73.4% 
</li>
<li>Melbourne auctions expected week ending 21 September: 1,090 
</li>
<li>Melbourne private sales time on market week ending 14 September: 44 days (houses) 
</li>
<li>Melbourne vendor discounting market week ending 14 September: -5.4% (houses) 
</li>
<li>Listings being prepared for market are 0.4% higher in month ending 14 September (seasonally adjusted)</li>
</ul>
With a vast majority of homes sold in the last financial year now settled, it is possible to calculate some of the key numbers in the Melbourne market.
<ul>
<li>Suburbs with the lowest number of house sales: <a href="/news">Narre Warren East</a>, <a href="/news">Gilderoy</a>, <a href="/news">Sherbrooke</a>, <a href="/news">Tremont </a>and <a href="/news">Gruyere</a>. Each only recorded one sale 
</li>
<li>Suburbs with the biggest spend by house buyers; <a href="/news">Brighton </a>($805m), <a href="/news">Glen Waverley</a> ($613m), <a href="/news">Kew</a> ($592m), <a href="/news">Toorak </a>($576m) and <a href="/news">Balwyn North</a> ($502m) 
</li>
<li>Suburbs with the biggest spend by apartment buyers; <a href="/news">Melbourne </a>($649m), <a href="/news">Southbank </a>($378m), <a href="/news">South Yarra</a> ($353m), <a href="/news">Docklands </a>($346m) and <a href="/news">Brighton </a>($307m) 
</li>
<li>Suburb with the most house sales over $2m, <a href="/news">Brighton </a>with 147 
</li>
<li>Suburbs with the largest house blocks sold; <a href="/news">Park Orchards</a>, <a href="/news">Belgrave South</a>, <a href="/news">Kalorama</a>, <a href="/news">The Patch</a> and <a href="/news">Sassafras</a> 
</li>
<li>Suburbs with the largest increase in sale price for houses: <a href="/news">Ashburton</a>, <a href="/news">Balwyn North</a>, <a href="/news">Fairfield</a>, <a href="/news">Kew East</a> and <a href="/news">Balwyn</a> 
</li>
<li>Municipalities with the largest increase in sale price for houses: Monash, Glen Eira, Manningham, Whitehorse and Yarra 
</li>
<li>Municipalities with the least increase in sale price for houses: Hume, Cardinia, Mornington Peninsula, Nillumbik and Brimbank 
</li>
<li>Suburbs with the least increase in median advertised rents for houses: <a href="/news">Brighton</a>, <a href="/news">South Melbourne</a>, <a href="/news">Middle Park</a>, <a href="/news">Sandringham </a>and <a href="/news">Armadale</a> 
</li>
<li>Suburbs with the largest increase in median advertised rents for houses: <a href="/news">Balwyn</a>, <a href="/news">Caulfield South</a>, <a href="/news">Fitzroy North</a>, <a href="/news">Beaumaris </a>and <a href="/news">Carlton</a> 
</li>
<li>Suburbs with the highest proportion of houses advertised for sale: <a href="/news">Mount Eliza</a>, <a href="/news">Taylors Hill</a>, <a href="/news">Point Cook</a>, <a href="/news">Pakenham </a>and <a href="/news">Mount Martha</a>
</li>
</ul>
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Melbourne gears up for 1,000 plus auctions: RP Data's weekend preview

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A record price was paid last weekend in Artarmon when 9 Pyrl Road sold for $2.95 million under the hammer to a Cammeray family.
There were 15 registered bidders at the weekend offering on Pyrl Road, with a $2.3 million opening bid when it was auction<a href="https://www.domain.com.au/property/for-sale/house/nsw/artarmon/?adid=2011378577" target="_blank"> through J</a><a href="https://www.domain.com.au/property/for-sale/house/nsw/artarmon/?adid=2011378577" target="_blank">ohn McManus from LJ Hooker Artarmon/Willoughby</a>.
It sits on a 696 square metre block.
The prior record was 12 Harden Road (pictured below), <a href="/expert-insights/buying/stayput-aunts-artarmon-federation-fetches-record-price-after-99-year-ownership">which sold in July this year for $2.82 million</a>.
The four-bedroom house at 12 Harden Road was offered for the first time in 99 years selling through agent Danny Grant, of Ray White Lower North Shore.
<img src="/images/2014/07/15/artarmon_0000_1.jpg.jpg" alt="Stayput aunt's Artarmon Federation fetches record price after 99-year ownership">
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Artarmon, Sydney house sells for record $2.95 million under the hammer

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A double-storey 1980s Beaumaris house designed by architect Andre Piotrowski didn't sell at weekend auction.
It was last sold in 2002 for $920,000 by the architect.
Its Brutalist features come from the extensive use of concrete on exterior surfaces. 
It came with $1.35 million plus hopes but was passed in at $1,385,000 <a href="https://www.realestate.com.au/property-house-vic-beaumaris-117487643" target="_blank">through </a><a href="https://www.realestate.com.au/property-house-vic-beaumaris-117487643" target="_blank">Michael Cooney at Hodges Beaumaris</a>.
The four bedroom 1982-built property at 1 Olinda Avenue sits on a 651 square metre corner with a resort-style pool.
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Beaumaris Brutalist design fails to sell at weekend auction

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A preliminary weighted average clearance rate of 70.8% was recorded this week across capital cities compared to 74.1% last week and 72% this time last year.
This week will have added to the already substantial growth in auction volumes this year across capital cities. Prior to this week there had been 61,056 auctions in capital cities,33.6% more than the 45,696 held over the same time last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Capital-city.jpg" rel="wp-prettyPhoto[g3714]"><img class="aligncenter wp-image-3715 size-large" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Capital-city-580x434.jpg" alt="RP Data auction comment | Capital Cities" width="580" height="434"></a>
In Sydney a preliminary clearance rate of 78.3% was recorded compared to 80.1% last week. Last week was only the fifth time in the past five years a clearance rate of over 80% was achieved and this week has returned a similar result.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Sydney.jpg" rel="wp-prettyPhoto[g3714]"><img class="aligncenter size-large wp-image-3716" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Sydney-580x391.jpg" alt="RP Data auction comment | Sydney" width="580" height="391"></a>
In Melbourne there was a preliminary clearance rate of 70.5% recorded on the first week with over 1,000 auctions for the spring season compared to 76.6% last week. Higher volumes have translated into more sales, so far this year there have been five homes sold at auction for every four last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-melbourne.jpg" rel="wp-prettyPhoto[g3714]"><img class="aligncenter size-large wp-image-3717" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-melbourne-580x389.jpg" alt="RP Data auction comment | Melbourne" width="580" height="389"></a>
In Brisbane a preliminary clearance rate of 49.4% was recorded compared to 44.7% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-brisbane.jpg" rel="wp-prettyPhoto[g3714]"><img class="aligncenter size-large wp-image-3718" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-brisbane-580x384.jpg" alt="RP Data auction comment | Brisbane" width="580" height="384"></a>
Adelaide recorded a clearance rate of 62.7% compared to 68.8% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Adelaide.jpg" rel="wp-prettyPhoto[g3714]"><img class="aligncenter size-large wp-image-3719" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140915-Adelaide-580x392.jpg" alt="RP Data auction comment | Adelaide" width="580" height="392"></a>
In Canberra a clearance rate of 52% was recorded and in Perth there was a clearance rate of 43.8%.
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Capital city auctions deliver healthy returns: RP Data's national auction wrap

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Melbourne’s early spring weekend home auction market continues to produce strong results for sellers with Australian Property Monitors senior economist Andrew Wilson suggesting it was "another robust clearance rate".
"Although the 77.1% result was down on the previous weekend’s year-high 79.1% clearance rate, it was nonetheless the third consecutive weekend result recorded above 77% for the first time since 2010," Wilson noted.
The current four weekend metro Melbourne average clearance rate sits at 77.4% compared to the previous four weekend result of 74.1%, based on initial results.
The weekend’s clearance rate was up on the 72.9% recorded over the same weekend last year.
Listings numbers have been rising in tandem with clearance rates over the past month with 842 scheduled auctions at the weekend compared to 715 the previous weekend. 
The north-east produced the highest clearance rate at 86.4% with 70 sales from 81 reported auctions. 
The next best was the outer east at 81.4% followed closely by the inner south with 80.9% and the inner east with 80.8% with the highest number of reported sales at 105.
The most popular suburb for auction listings was Glen Iris in the inner east with 16 followed by Prahran in the inner city with 15.
The most expensive property reported sold at auction at the weekend was a four bedroom home at 38 Davis Avenue, South Yarra (pictured above) sold for $2,955,000 by Kay and Burton. It last sold in 2002 at around $1.38 million and in 1998 at $735,000.
 The most affordable property reported sold at the weekend was a two bedroom home at 2a Hermione Terrace, Epping sold for $220,000 by Harcourts.
The early spring auction action will its reach its usual crescendo this weekend with the pre-Grand Final super Saturday set to deliver nearly 1,000 properties under the hammer in metro Melbourne.
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Early September Melbourne auctions robust: APM's Andrew Wilson

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The Sydney spring auction market continues to firm with Australian Property Monitors senior economist Andrew Wilson noting "another extraordinary" weekend result of 83.3%.
The weekend’s result was above the 82.7% preliminary rate recorded last weekend.
It was the sixth consecutive weekend with success rates above 80%, the longest sequence recorded in Sydney since early April.
"The market has stepped up a gear over winter," Wilson said.
Sydney’s four-weekend average clearance rate now stands at 82.8% compared to 79.7% over the previous four-weekend period.
Even the revised rate, more reliable with more results came, in at 80.4% for the 6 September weekend, which was a rarity for 2014 auctions.
Spring auction numbers sat at 570 listings, up on the prior weekend’s 522 auctions.
The most expensive properties reported sold at auction at the weekend were a four bedroom home at 83 Nelson Street, Annandale (pictured above) sold pre-auction for $2.95 million by Pilcher Residential and a $2.95 million sale of a five bedroom house at 9 Pyrl Road, Artarmon through LJH Willoughby.
 
The Annandale house was marketed by Simon Pilcher as a modern family living by award winning architect Kieran McInerney in a wide tree-lined street close to Annandale village shops and cafes.
The most affordable property reported sold at the weekend was a two bedroom unit at 10/72-74 King Georges Road Wiley Park sold for $380,000 by McGrath.
Auction numbers will surge over the remainder of September with well over 600 auctions scheduled each weekend until the NSW October long weekend.
The upper north shore reported the highest clearance rate of all the suburban regions at the weekend with a 90.9% result from 55 reported auctions.
In the south there was a clearance rate of 87.3%.
The inner west clearance rate was 86.6% with the highest number of sales at 58.
Elsewhere the lower north shore success rate was 86.5%, Canterbury Bankstown 84.2%, the south west 82.6%, the west 82.1% and the city and east with a clearance rate of 80% from the highest number of auctions reported at 70.
Prestige auction sales surged again at the weekend with 28 sales reported above $2 million - well ahead of the 21 reported last weekend and the 22 in the prior weekend.
The most popular suburbs for auctions was Mosman and Turramurra each with nine auctions scheduled. 
The Sydney market recorded its best-ever auction results for the month of August with 2660 listings and 1925 sales, with five Saturdays boosting its success.
 The next best August performance was last year when the market hosted 2405 auctions for 1815 sales.
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Sydney weekend auctions stick to 80% plus success rate: APM

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It make sense to go to some local auctions as part of your research and due diligence – even if you’re not quite ready to purchase yet.
If it’s going to be worth your time and effort, then you need to know what it is you’re looking to learn. For instance, here's what Catherine Cashmore took away from <a href="/news/eight-lessons-to-learn-from-the-blocks-lacklustre-auction">The Block 2011's lacklustre auction result</a>.
Here are the five things that you should be trying to gain from heading to an auction.
<ol>
<li>
Market activity After you’ve been to a few auctions in an area, you should start to get a feel for the demand for property. Is it strong? Are there lots of bidders? Remember that just because a property draws a crowd, those attending may just be watching – and may not be genuinely interested in purchasing. Taking note of how busy it is on the day is one thing, but you should also note how many bids are made and how competitive the bidding becomes. This will let you know whether you will likely be entering an auction that will be quiet. Potentially this could give you the upper hand for lower bidding and negotiating if the property is passed in, or knowing if you need to put all your cards on the table. Keep an eye out for repeat bidders regularly attending auctions of similar properties – this can suggest who the highly motivated buyers are. 
</li>
<li>
Comparative pricing Another useful thing to note about auctions is exactly what price they end up selling or passing in for. It may take some time for auction results to be properly recorded, depending on the area you’re considering and the type of property and so to get the most real-time information possible it’s worth visiting a few. As you get to normally inspect the property one last time prior to auction, you can also note how much it went for and whether it is inferior or superior to the property you have your eye on. This should quickly let you know if what you’ve been estimating to spend will achieve you the property you want in the area. 
</li>
<li>
Reserve prices Another factor to note down is when the property is officially “on the market”. While you can’t always get a specific indication of reserve price, when a bid goes above it the auctioneer will tend to announce this. Every property is different and every vendor will set a different reserve, but this will help you prepare your strategy and to know when you might be interested in bidding. If you want to be the top bidder when a property is passed in, this will be of particular interest. 
</li>
<li>
Common language used and strategies Familiarising yourself with strategies used by buyer’s agents and common prospective purchasers, as well as the weaknesses that others have when bidding, can prepare you for when it’s your time to bid. Regular, auction success is said to be <a href="/expert-insights/investing/winning-at-auction-isnt-amount-having-the-most-money-its-about-strategy">all about the strategy you employ</a>. It’s worth also getting to grips with the process and the type of language used by auctioneers and the increments of bidding so that you don’t get thrown off. Familiarise yourself with the process so you’re more comfortable when it’s your turn. You can also become familiar with local auctioneers’ styles. Some are very good at hyping up a crowd and drawing out the bids. You should be prepared for how they may auction the property you really want. Here's Patrick Bright's <a href="/news/understanding-auction-talk-patrick-bright">guide to understanding "auction talk"</a>. 
</li>
<li>
Neighbourhood information from locals The final factor to keep an eye out for is how the locals react and what they say. A neighbour may tell you that a developer has been around trying to purchase all the properties in a specific block or of a certain size. Another might tell you about any reasons people are leaving the street, or even about other neighbours. As local experts in their own right, it pays to listen – the information may be crucial later on. Don’t feel as though you can’t ask them about the good and bad streets, or if they know of any other properties coming up for sale. As with all information, do your due diligence and confirm it yourself, but it may just lead you on to better things.
</li>
</ol>
YOU MIGHT ALSO WANT TO READ:
<a href="/expert-insights/buying/twelve-tips-for-bidding-at-property-auctions">12 tips for bidding at auction </a>
<a href="/expert-insights/buying/buying-your-first-property-at-auction-a-step-by-step-guide">A step-by-step guide to buying your first property at auction</a>
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Not ready to buy yet? Five things you can still learn at auction

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The August RP Data CoreLogic Home Value Indices results released this month show a rise in dwelling values of 0.8% in Melbourne and a 7.6% rise this year.
A detailed review of the market shows that the most expensive segment of the market, (25% most expensive houses), recorded the highest value growth this year.
This segment of the market will be interesting to follow this spring and over summer as there is a strong correlation with the performance of the auction market.
In the first eight months values rose by 9.6% compared to 8.7% for the middle of the market, and 3.7% for the most affordable segment.
All segments of the market for houses have outperformed the unit market with the exception of the most affordable segment. Values of the most affordable 25% of the unit market have grown by 4.4% this year compared to 3.7% for houses.
A longer term view of the market, comparing its performances since the last peak in values, reveals a slightly different picture. Values for houses in the most expensive and middle segments of the market peaked in October 2010. Since that time it is the middle of this market that has seen the strongest increase in values of 9.8% compared to 7% for the most expensive segment.
Given most of the people selling will have bought their homes before 2010, it is this longer-term view that is more relevant.
There are 927 auctions scheduled this week in Melbourne compared to 975 for the same time last year. The highest number of auctions is expected in the <a href="/news">Prahran</a> where 19 are scheduled.
As the market enters spring there are fewer homes on the market than a year ago with 28,988 active listings in Melbourne and 54,619 in Victoria. 12 months ago the comparable number was 32,454 in Melbourne and 58,664 in Victoria. This is a positive sign as it highlights a more active market with more buyers.
The extent that this translates into higher prices will depend in many ways on the volume of new listings. Thankfully for buyers the number of homes being newly listed for sale is rising compared to last year.
Time on market results for houses sold at private sale fell from 47 days to 45 days over the last week whilst vendor discounting rose from -5.3% to -5.6%.
Key data
<ul>
<li>Clearance rate week ending 7 September: 73.5%</li>
<li>Melbourne auctions expected week ending 14 September: 927</li>
<li>Melbourne private sales time on market week ending 7 September: 45 days (houses)</li>
<li>Melbourne vendor discounting market week ending 7 September: -5.6% (houses)</li>
<li>Listings being prepared for market are -1.1% lower in month ending 7 September (seasonally adjusted)</li>
</ul>
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