Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

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]

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

Auctions

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GUEST OBSERVATION
Was it a case of one strike, two strikes and three strikes you’re out? Or was it a well planned and orchestrated auction campaign?
The agent and auctioneer would lead us to believe it was all planned. Perhaps not the weather, but some agents do believe this is in their control nonetheless.
The opportunity to own a prestigious 900 square metre plus block of land and one that sits on the right side of the road, went to market this weekend. It was the side of the road zoned to the Parramatta council, which has a reputation for being friendly towards development applications. First time on offer and a home built by a master builder himself, was the auctioneer’s pitch.
However, it did come with a surprise.
In this case, the surprise was disclosed to all attendees prior to auction. The gentlemen that once owned the property, peacefully passed away in the home.
From talking to the neighbours and other locals, he was a well know gentleman.
The facts
It is Father’s Day. It is Sunday. The owner had passed away in the home and this deterred many emotional and superstitious buyers.
To top it off, the day was overcast, but in all this, the crowd was filled with known developers and new ones wanting to make their mark.
The auctioneer
The auctioneer Peter Baldwin believed that the campaign was well organised and for the following reasons it made sense to offer the property on Father’s Day. It was a four week campaign and with the demand for this type of property, it made sense to have the auction on this day, he said. It gave time for people to do everything else on the Saturday and attend the auction on the Sunday with less hassles.
At the commencement of the sale, Baldwin even referred that this could well be the best Father’s Day gift for the lucky buyer. Baldwin, when asked what the expectations would be, he noted $900,000 - $1,000,000 as the price guide, and that he would be extremely happy above the $1,000,000 mark. He was also well aware the target market was developers.
The Agent
Conor Arnold from the Professionals, concurred with the auctioneers to the reasons behind the sale taking place on the Sunday. He further added, the property was in a prime location and they were looking for the developers that would not be influenced by the deceased passing away in the home, nor deterred by any other circumstance, such as a Sunday auction.
Conor was very clear and did inform all attendees that viewed the home during the campaign, of the conditions surrounding the sale. Could this have been the main reason why there were few Asian parties registered to bid? This was a question put to Conor. In response, Conor went on to emphasise the development interest of the block and the target audience.
Background and Observations
 
<ol>
<li>
I was made aware of this auction and the conditions by a developer that I knew and would be attending. He believed the home price will fall just above and not within the price guide given to him by the agent. At the million and even $1.1 million price, it was an attractive development proposition for him. The developer commented on the possibility of the home going at a reasonable price due to the surrounding circumstances that would keep Asian buyers away. It would be developers fighting it out toe to toe without the overzealous mix of buyers adding fuel to the competition. 
</li>
<li>The agent in this case went the extra mile in the presentation and the preparation of the home. Was he trying to entice the emotional buyer even still, although the real targets were the developers? I believe he was, and I can say, good on him for presenting the property in the manner it was presented in. Great job. </li>
<li>It is my personal opinion that the property was never worth under the million, regardless of the circumstance surrounding the sale. From when I was made aware of the sale I told my developer friend; forget what you have heard and have been told, the property will sell for between $1,150,000 - $1,200,000.</li>
</ol>
 
We spoke to an architect, who believed that two detached, four bedroom homes with double lock up garages could be built on the block. Each alone would sell for $1,200,000 respectfully.
Who bought the home?
It was interesting to note that the successful bidder was the next door neighbour. An Asian family that have made offers on other homes adjoining to this home and theirs.
What will they do with this home? They did not disclose what their intention was, but one of the neighbours told our crew an offer was made on his property two doors up for $1,300,000-$1,400,000 but he has since refused the offer. He said however, that he will sell at the two million dollar mark. Wishful thinking? If you base it on landbanking options for future development maybe not.
It is interesting to note that developers come in all shapes and forms and not all Asian families are deterred, nor superstitious, about what happened in a home. Perhaps at the right price, we all forget superstition and religion. It is interesting to also note that the neighbour from two doors up had been made an offer by the purchaser and this is at $200,000 more than what they just paid for the current property. 
{qtube vid:=vXEX-mzV6A8}
EDWIN ALMEIDA is managing partner and licensee-in-charge of <a href="https://www.just-think.com.au/" target="_blank" rel="nofollow">Just Think Real Estate</a>.
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ealmedia-arK4DBYLjS

A deceased estate with development potential: How did its Father's Day auction turn out?

<html><body>
Actor Nadine Garner has sold her Bentleigh East home for $1.08 million.
Garner, who has been around since playing Tamara on The Henderson Kids in the mid-1990s, bought 26 Paloma Street in 2008 for $860,000.
<a href="/news/actor-nardine-garner-lists-bentleigh-east-home">The five bedroom, three bathroom home had $820,000 to $890,000 price guidance</a>.
<a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-117667511" target="_blank">Tara Ferrier of Hodges</a> auctioned the 620 square metre property.
She is currently filming the third season of The Doctor Blake Mysteries.
Garner, her husband Cameron Barnett and two sons, Eden and Jem, are moving to the northern suburbs to be closer to the boys’ school.
<a href="/news">RP Data puts the suburb's house median at $780,000</a>.
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jchancellor-FAypfDUnLy

Actor Nardine Garner secures Bentleigh East sale

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A preliminary weighted average clearance rate of 74.4% was recorded this week across capital cities compared to 72.9% last week and 74.9% this time last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Capital-city.jpg" rel="wp-prettyPhoto[g3692]"><img class="aligncenter size-large wp-image-3697" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Capital-city-580x431.jpg" alt="RP Data auction review | Capital cities" width="580" height="431"></a>
Results across capital cities this week, especially Sydney, provide a clear indication that this will be good spring for sellers.
In Sydney a preliminary clearance rate of 82.4% was recorded compared to 79.9% last week. Clearances around 80% in Sydney indicate a high level of competition and confidence from buyers.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Sydney.jpg" rel="wp-prettyPhoto[g3692]"><img class="aligncenter size-large wp-image-3696" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Sydney-580x381.jpg" alt="RP Data auction review | Sydney" width="580" height="381"></a>
In Melbourne this spring is shaping as a better one than last year with more homes being listed and sold as both sellers and buyers are confident of a good outcome. There was a preliminary clearance rate of 75.1% recorded compared to 73.5% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Melbourne.jpg" rel="wp-prettyPhoto[g3692]"><img class="aligncenter size-large wp-image-3695" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Melbourne-580x378.jpg" alt="RP Data auction review | Melbourne" width="580" height="378"></a>
In Brisbane a preliminary clearance rate of 49.4% was recorded compared to 46.8% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Brisbane.jpg" rel="wp-prettyPhoto[g3692]"><img class="aligncenter size-large wp-image-3694" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Brisbane-580x384.jpg" alt="RP Data auction review | Brisbane" width="580" height="384"></a>
Adelaide recorded a clearance rate of 70.2% compared to 64.9% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Adelaide.jpg" rel="wp-prettyPhoto[g3692]"><img class="aligncenter size-large wp-image-3693" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140908-Adelaide-580x383.jpg" alt="RP Data auction review | Adelaide" width="580" height="383"></a>
In Canberra a clearance rate of 55.6% was recorded and in Perth there was a clearance rate of 28.6%.
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rlarocca-zWhvjay44N

Spring market off to a flyer: RP Data's national auction wrap

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Sydney’s spring auction market notched up a strong 82.7% clearance rate on the first Saturday of the season.
The weekend's initial result was the fifth consecutive rate above 80%.
Sydney’s four weekend initial average clearance sat at 82.5% compared to 78.5% over the previous four-weekend period, according to Australian Property Monitors.
There were 522 auctions scheduled at weekend with 430 results included in the initial clearance rate.
There were 583 on the previous weekend when an 81.9% initial rate was reported, and then revised down to a very strong 79.5%.
The inner west reported the most number of sales at the weekend with 61 and the highest clearance rate of all the suburban regions with an 89.7% result.
The inner west was closely followed by the north west with 87.5%, the lower north 87%, Canterbury Bankstown 84.8%, the west 84.6%, the city and east 82.8%, and the upper north shore with a clearance rate at the weekend of 81.5%, according to APM's senior economist Dr Andrew Wilson.
The first Saturday of the spring autumn market had 21 reported sales at or above $2 million - just down on the prior weekend’s 22 sales result.
The most expensive property was a four bedroom home at <a href="https://www.homehound.com.au/listing/for-sale/nsw/sydney-region/inner-west/burwood-inner-west/16-eurella-st-burwood-nsw-2134/" target="_blank">16 Eurella Street, Burwood</a> (pictured above) which was sold for $4,460,000 by Raine and Horne Burwood. It last sold in 1994 for $540,000.
The most affordable property was a three bedroom home at 14 Mikkelsen Avenue, Tregear sold for $370,000 by Laing and Simmons Mount Druitt.
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Burwood helps inner west reign in Sydney spring auctions

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Melbourne’s spring auction market commenced on high at the weekend with a 79.4% success rate in the initial Australian Property Monitors tally of the initial 715 results.
It was the highest weekend rate reported this year - and the highest since the pre-Grand Final super Saturday of 21 September last year.  
This weekend’s clearance rate was well ahead of 76.6% recorded over the same weekend last year. There was a revised 76.5% result on the last weekend of winter in Melbourne.
The most expensive property reported sold at auction at the weekend was a seven bedroom 1990-built home at 511 Belgrave-Hallam Road, Lysterfield (pictured above) which sold for $3.4 million through Barry Plant. It last sold at $2.5 million in 2004.
The most affordable property reported sold at the weekend was a three bedroom home at 4 Lawson Road, Melton South which was sold for $140,000 through PRD Nationwide Melton. It last trade at $178,000 in 2007.
The inner east reported the most number of sales at the weekend with 99, but also the highest clearance rate with an 89.2% result.
Melbourne's eastern suburbs are tipped as the powerhouse for capital growth during the 2014-15 financial year, according to the upcoming Domain Spring Guide.
Balwyn North's median house price is predicted to surge by close to 10%, the highest for Melbourne, followed by Glen Waverley and Ringwood prices which are expected to jump by 9%.
The outer east weekend clearance rate was 85.2% with 69 reported sales followed by the inner city with 79.3%, the north east 79.2%, the north 77.3% and the inner south with a clearance rate at the weekend of 74.7%.
The Melbourne auction market had been strengthening with the August four weekend average at 77% compared to the previous four weekend result of 73.9%, the Domain Group senior economist Dr Andrew Wilson said.
The most popular suburb for auction listings on the weekend was Glen Waverley in the outer east with 16, followed by Reservoir in the north with 15.
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East shines as Melbourne auctions start spring with strongest result for a year

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There was just one house in the cheapest 10 Sydney weekend sales of last weekend.
It was a three bedroom house in <a href="/news">Leumeah </a>that fetched $440,000 at <a href="https://www.domain.com.au/property/sold/house/nsw/leumeah/?adid=2011348259" target="_blank">13 Burns Road</a> which sold through Richardson &amp; Wrench Ingleburn.
The prices started at $350,000 for Liverpool unit which last traded at $270,000 in 2009, reflecting 5% annual growth.
49/4-6 Lachlan Street, <a href="/news">Liverpool</a> had the potential for $420 a week rental.
The nine units ranged from a studio in the Mont Clair, <a href="/news">Darlinghurst</a> block to three bedrooms at <a href="/news">Greenacre</a>.
The cheapest 10 were:
<ol>
<li>Two bedroom unit Liverpool -  $350,000  </li>
<li>Studio unit Darlinghurst - $365,000 </li>
<li>Three bedroom unit Greenacre -  $389,500  </li>
<li>Two bedroom unit Bexley - $420,000 </li>
<li>Two bedroom unit Cabramatta -  $431,000 </li>
<li>One bedroom unit Camperdown -  $432,000 </li>
<li>Three bedroom house Leumeah - $440,000 </li>
<li>Two bedroom unit Ramsgate  - $445,000 </li>
<li>Two bedroom unit Parramatta - $447,000 </li>
<li>One bedroom unit Brighton Le Sands - $455,000</li>
</ol>
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Only one house in Sydney's 10 cheapest weekend auction sales

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Real estate is often about numbers. Everything it seems, from the price of the house to the weekly rent, can be expressed as a number.
Here are five topical numbers as the market enters spring:
<ul>
<li>25,080</li>
</ul>
This is the number of units in the suburb of <a href="/news">Melbourne</a>. Melbourne has the most individual dwellings of any suburb in the city which will come as little surprise to anyone who has watched the highrise market take off in the last decade.
This is also a very large number in the context of the general density of the city. By way of contrast, the suburb with the most houses is <a href="/news">Reservoir</a> with 13,692 and when you include all the units, the number rises to 20,430, still well short of Melbourne.
<ul>
<li>871</li>
</ul>
With 871 houses sold in the last 12 months <a href="/news">Pakenham </a>has recorded the most house sales of any suburb in Melbourne.  The popularity of housing in the suburb is based on many factors, key amongst them is its relative affordability.  Based on the sales in the last year the median price was $337,500 compared $532,000 for Melbourne.
<ul>
<li>49</li>
</ul>
There are now 49 suburbs in Melbourne that have a median house value of $1 million or more. At nearly one in 10 sales across the city occurring for a sale price in the million dollar range, it is far more common than it used to be.
What has not changed is the most expensive suburb, <a href="/news">Toorak</a>, which had a median value of $2.941 million and saw 151 sales for more than a million dollars over the past year.
<ul>
<li>30</li>
</ul>
The median value of a house in Melbourne has grown by 30.4% over the past five years. Only two capital cities have exceeded that over the same time, Sydney and Darwin.
<ul>
<li>1</li>
</ul>
One is the number of suburbs in the cities west that have a median house value of more than one million dollars. Overlooking the Maribyrnong River and neighbouring the popular <a href="/news">Essendon</a>, <a href="/news">Aberfeldie</a> has a median house value of $1.04 million after a 14% rise in last year.
If you wanted to live there and can afford the price then you will probably need to wait as it is only a small suburb, 1,099 houses, and averages only one sale every 6.5 days.
Weekend auction preview
There are 765 auctions scheduled this week in Melbourne compared to 530 for the same time last year. The highest number of auctions is expected in the <a href="/news">Glen Waverly</a> with 16 scheduled this week.
Buyers are likely to face more vibrant market conditions and higher prices compared to the spring selling season last year.
The August RP Data Core Logic home value indices results released this week shows a rise in dwelling values of 0.8% in Melbourne and 7.6% rise this year.
Due to high levels of supply in the unit market, the majority of the growth occurring in the market is for houses. For houses, the index recorded a rise of 8.3% this year compared to 2.5% for units.
Time on market results for houses sold at private sale rose from 44 days to 47 days over the last week whilst vendor discounting rose from -5.2% to -5.3%.
Key data
<ul>
<li>Clearance rate week ending 31 August: 73.5%</li>
<li>Melbourne auctions expected week ending 7 September: 765</li>
<li>Melbourne private sales time on market week ending 31 August: 47 days (houses)</li>
<li>Melbourne vendor discounting market week ending 31 August: -5.3% (houses)</li>
<li>Listings being prepared for market are -1.3% lower in month ending 31 August (seasonally adjusted)</li>
</ul>
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The five numbers to know about Melbourne: RP Data's weekend auction preview

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A three bedroom, two bathroom unit sold for $3.5 million this week. According to RP Data, the first floor unit  in the former Royal Hospital for Women (pictured above) is the most expensive property to sell in the past week. This week's top end sales were dominated by Sydney offerings, with only one property in the top 10 sales located in Melbourne. The top 10 sales of the week, from RP Data:
<ol>
<li>
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-paddington-nsw-2021/201206" target="_blank">4/18 Flinton Street, Paddington, NSW </a> <img src="/images/2014/09/02/1.jpg" alt=""> The first floor apartment in Paddington Green sold for $3.5 million through McGrath Estate Agents. One of 10 apartments in the complex, which was converted in 2000, the residence features three covered verandahs where the buyers can enjoy views of the city, the harbour and the complex's gardens. The apartment includes substantial north facing living and dining areas, with 4.1 metre ceilings. It was recently advertised for rent at $2,800 per week. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-rose+bay-117574299">30a Beresford Road, Rose Bay, NSW </a> <img src="/images/2014/09/02/2.jpg" alt=""> This three bedroom, two bathroom Rose Bay house sold for $3.35 million through Laing + Simmons. The French Rivera inspired home features limestone entertaining areas and a leafy garden. With a northerly aspect, the house has a large living room, a separate formal dining area, a master bedroom with a walk-in robe and two queen sized bedrooms. The property last traded for $810,000 20 years ago. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-dee+why-116721671" target="_blank">11 Summit Avenue, Dee Why, NSW </a> <img src="/images/2014/09/02/3.jpg" alt=""> A contemporary home with panoramic ocean views secured $2.85 million through Belle Property this week. The five bedroom, three bathroom offering sits on a 588 square metre plot at the end of a cul de sac. The house's living room opens to a covered deck and enclosed lawns, with a separate dining area. Upstairs, there is a family room that flows to an entertaining terrace with a north-easterly aspect. The vendors purchased the home for $1.43 million in 2009, with the property doubling its sales price in just five year. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/151453" target="_blank">3 Lord Howe Street, Dover Heights, NSW </a> <img src="/images/2014/09/02/4NEW.jpg" alt=""> This five bedroom home on a 520 square metre corner block fetched $2,836,000 when sold through Raine &amp; Horne Double Bay this week. Situated one street from oceanfront parkland, the home has an open plan living area which opens directly to the outdoor entertaining space and swimming pool. The two storey home has four bedrooms on a single level, all with built in robes. It was purchased for $2.55 million in May 2011. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-brighton-117730195" target="_blank">29 Normanby Street, Brighton, Vic </a> <img src="/images/2014/09/02/5.jpg" alt=""> A four bedroom Brighton house was the only Victorian home to make RP Data's Top 10 this week, selling for $2.8 million through Hodges Brighton. The two storey home on a 702 square metre plot is situated on the northern side of Normanby Street, within walking distance of Brighton Grammar School and the Royal Brighton Yacht Club. It has multiple interior living spaces including a home office which overlooks the pool and spa. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-mosman-117578795" target="_blank">29 Cowles Road, Mosman, NSW </a> <img src="/images/2014/09/02/6.jpg" alt=""> After 37 years in the same family, this house sold for $2.8 million this week through McGrath Estate Agents. The five bedroom, three bathroom house retains many heritage features, including ornate ceilings and original floorboards and fireplaces. French doors open to the home's gardens, which lead to a courtyard with a louver roof and a pool. The home also includes an underfloor wine cellar. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-mosman-117714839" target="_blank">24 Pearl Bay Avenue, Mosman, NSW </a> <img src="/images/2014/09/02/7.jpg" alt=""> The second Mosman home to make this week's top 10, this four bedroom, two bathroom house sold for $2.75 million. Set on a 601 square metre block, the house is situated 150 metres from The Spit Reserve, and is close to Beauty Point Public School and Balmoral Beach. The rear of the north facing house opens to a pool and spa area, with another outdoor entertaining area located at the side. The vendors purchased the property for $2,095,000 in 2002. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-castlecrag-117570239" target="_blank">34a The Bulwark, Castlecrag, NSW </a> <img src="/images/2014/09/02/8.jpg" alt=""> Richardson &amp; Wrench Castlecrag sold this home for $2.7 million. The multi-level home with Middle Harbour views has four bedrooms with an en suite and walk in robe for the main, and a study or additional family room. The home's central feature is its chefs kitchen, and the home also includes multiple entertaining terraces. This is the first time it has changed hands in 12 years. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-dover+heights-117513239" target="_blank">75 Hardy Street, Dover Heights, NSW </a> <img src="/images/2014/09/02/9.jpg" alt=""> This three bedroom, two bathroom double brick house sold for $2.6 million through Raine &amp; Horne Double Bay after being held for 45 years. The art deco influenced corner block home has full northern exposure and offers views over Sydney's skyline and the harbour. A prominent curved front portion of the house holds a sunroom on the ground floor and a sitting room on the upper floor. The house's granite kitchen overlooks the backyard pool. 
</li>
<li>
<a href="/expert-insights/buying/the-second-millers-point-offering-fetches-2-56-million-for-state-government-housing">29 Lower Fort Street, Millers Point, NSW</a> <img src="/images/2014/09/02/10.jpg" alt=""> The formerly state-owned terrace house at Lower Fort Street earned a $2.56 million sum for the New South Wales government when sold through Di Jones Real Estate. The Colonial Regency style home was built in 1834 and offered for first time in a century, according to the listing information. The five bedroom heritage listed townhouse was the second of the state government's Millers Point sales.</li>
</ol>
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jrichardson-uRX5hFdKfN

Paddington unit tops this week's most expensive sales: RP Data

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A preliminary weighted average clearance rate of 72.2% was recorded this week across capital cities compared to 69.5% last week and 71.5% this time last year. This is the highest recorded since early March this year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Capital-city.jpg" rel="wp-prettyPhoto[g3667]"><img class="aligncenter size-large wp-image-3668" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Capital-city-580x431.jpg" alt="RP Data auction market comment | Capital city" width="580" height="431"></a>
Data from the last four weeks has shown that this the best lead into spring since 2010 with more homes being sold at auction and overall higher prices in most capital cities.
In Sydney the market is delivering results comparable to this time last year and looks set to have a strong spring. This week a preliminary clearance rate of 81.1% was recorded compared to 76.1% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Sydney.jpg" rel="wp-prettyPhoto[g3667]"><img class="aligncenter size-large wp-image-3669" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Sydney-580x385.jpg" alt="RP Data auction market comment | Sydney" width="580" height="385"></a> In Melbourne there was a preliminary clearance rate of 71% recorded compared to 70.7% last week. This has been the most vibrant auction market since the middle of February this year with three consecutive weeks over 70%.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Melbourne.jpg" rel="wp-prettyPhoto[g3667]"><img class="aligncenter size-large wp-image-3670" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Melbourne-580x378.jpg" alt="RP Data auction market comment | Melbourne" width="580" height="378"></a> In Brisbane a preliminary clearance rate of 47% was recorded compared to 51.2% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Brisbane.jpg" rel="wp-prettyPhoto[g3667]"><img class="aligncenter size-large wp-image-3671" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Brisbane-580x382.jpg" alt="RP Data auction market comment | Brisbane" width="580" height="382"></a>
Adelaide recorded a clearance rate of 66.1% compared to 67.2% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Adelaide.jpg" rel="wp-prettyPhoto[g3667]"><img class="aligncenter size-large wp-image-3672" src="https://blog.rpdata.com/wp-content/uploads/2014/09/20140901-Adelaide-580x385.jpg" alt="RP Data auction market comment | Adelaide" width="580" height="385"></a>
In Canberra a clearance rate of 72.4% was recorded and in Perth there was a clearance rate of 46.2%.
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Clearance rate lifts on the eve of spring: RP Data's national auction wrap

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The Sydney and Melbourne property markets have sailed through their first big auction test at the weekend, as the start of spring saw a wave of properties hit the auction block.
More than 2,000 homes went to auction last week, with an impressive 1,179 of those properties selling under the hammer, according to RP Data.
The national clearance hit 72.2%, up from <a href="https://www.smartcompany.com.au/finance/investment/43422-auction-numbers-up-as-sydney-continues-to-lead-the-way">last week’s solid rate of 66.7%.</a>
“If you wanted to script the lead up to spring, you couldn’t have written it better than what happened at the weekend,” RP Data Victorian housing market specialist Robert Larocca said.
Australia’s two biggest auction markets led the way, with Sydney scoring a remarkable 81.1% clearance on its 769 auctions.
“Exceeding the 80% mark is a clear indication of a very strong auction market,” says Larocca.
“Vendors selling their homes within the next two months will be very happy to see that.”
Larocca says Melbourne also stood up to the test this weekend after a flat few months during winter, with a clearance of 71% on 888 auctions.
“Melbourne has now had three weeks of clearance rates above 70%, that’s a good indication of the strength of the market,” he says.
Adelaide also had a strong 66.1% clearance off the back of 86 auctions, while Brisbane and Perth again struggled with a clearance rate of 47% and 46.2% respectively.
Larocca says the market is closely following last year’s progression at this stage and is still highly dependent on the Reserve Bank of Australia’s historically low interest rates, with any move by the RBA to raise rates potentially taking the heat out of the market.
But he says all current indicators show things are certainly warming up for spring.
“Those that are looking to buy in spring will find there is an increased choice, but many will find the bidding is much more competitive than two months ago,” says Larocca.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
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