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

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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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Wayne and Jane Hawkes - of the well-known Hawkes Racing family - sold their Essendon property last weekend for $63,000 over reserve.
There were four bidders on the Hawkes' <a href="https://www.domain.com.au/property/for-sale/house/vic/essendon/?adid=2011265279" target="_blank">modern three-bedroom house</a> at 155 Bradshaw Street.
It is a three bedroom plus study home.
 It sold for $1.158 million through agent Lou Rendina.
<a href="https://www.realestate.com.au/property-house-vic-essendon-104904169" target="_blank">The building block was sold in 2008</a> at $915,000.
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jchancellor-FAypfDUnLy

Hawkes racing clan in Essendon sale

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It's the list every seller wants to see their home on - the most expensive sales of the week. 
According to RP Data, these were the 10 biggest sales this week. The list doesn't include <a href="/expert-insights/buying/petersham-boarding-house-fetches-3-3-million-in-sydney-weekend-auctions">the 12-bedroom 1888 Victorian Petersham trophy home sold at weekend auction</a> for $3.3 million, or the <a href="/news/backwards-at-2-000-a-day-millioniares-row-hedges-avenue-mermaid-beach-still-at-half-price">loss making Mermaid Beach home that sold on Sunday for $4 million</a>.
<ol>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f30_dawson_avenue_brighton_vic_3186%2f10009235" target="_blank">30 Dawson Avenue, Brighton, VIC</a> <img src="/images/2014/07/22/30-Dawson-Avenue-Brighton-VIC-3186-Real-Estate-photo-2-large-7196071.jpg" alt=""> This four bedroom house<a href="/expert-insights/buying/brighton-home-sells-for-4-68-million-as-weekends-top-auction-result"> sold for $4.68 million through Buxton Brighton this week</a>. Just a few doors down from the beach, the home is located in <a href="/news">Brighton</a>'s golden mile. With two storeys, the house has both formal and informal living spaces including a parent's retreat, a library and a "children's retreat" with a wet bar. The north facing backyard features a pool and spa, a covered dining area, spotted gum decks and a pool house or separate guest house. The vendor, prominent harness horse-breeder and construction company director Duncan McPherson, purchased the house in 2000 for $1.5 million. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f8_stack_street_balmain_east_nsw_2041%2f1262300" target="_blank">8 Stack Street, Balmain East, NSW</a> <img src="/images/2014/07/22/2.jpg" alt=""> Another four bedroom house sold at auction this weekend, with this <a href="/news">Balmain East</a> home securing $3.12 million through Cobden &amp; Hayson Balmain. Minutes from the harbour, the house is located within a gated community. The home has private covered courtyards, an al fresco dining area and a heated pool. The sale comes after two previous attempts to list the property - the vendors also attempted to move it in September 2010 and March 2012. They purchased the home in 2008, for $2,925,000. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f33_royalist_road_mosman_nsw_2088%2f4504281" target="_blank">33 Royalist Road, Mosman, NSW</a> <img src="/images/2014/07/22/3.jpg" alt=""> Raine &amp; Horne Mosman sold this home for $2.95 million this week. The renovated house with an easterly aspect has four bedrooms and three bathrooms. Located on the end of a quiet cul de sac, it is a short walk away from Mosman Bay. The single storey house was purchased by the vendors in July 2007, for $2,125,000.  </li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f71_irrubel_road_newport_nsw_2106%2f4872610" target="_blank">71 Irrubel Road, Newport, NSW</a> <img src="/images/2014/07/22/4.jpg" alt=""> This single storey waterfront home sold for $2,925,000 through L J Hooker Mona vale this week. The open plan house on Crystal Bay has its own swimming pool, boat shed, ramp and a shared deep-water jetty with a pontoon, fresh water and power. It has American Oak polished floorboards throughout and a sandstone fireplace. The vendors purchased the home in 2011, for $2.2 million. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f71_irrubel_road_newport_nsw_2106%2f4872610" target="_blank">347 Bronte Road, Bronte, NSW</a> <img src="/images/2014/07/22/5.jpg" alt=""> Dellcotta, a five bedroom semi-detached terrace in Bronte, sold for $2.67 million through McGrath Coogee. The 1881 era home has dual occupancy zoning, with the opportunity for the buyer to reside in one part of the home and rent out another. The property has two kitchens, separate dual level accommodation with two double bedrooms, and a cellar. The vendors purchased the home 23 years ago, for just $281,000. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f24%2f5_towns_place_millers_point_nsw_2000%2f4286471" target="_blank">24/5 Towns Place, Walsh Bay, NSW</a> <img src="/images/2014/07/22/6.jpg" alt=""> The only unit on this week's top 10 list secured $2.6 million when sold through McGrath Estate Agents Eastern Suburbs. The three bedroom penthouse overlooks Barangaroo Headland Park and across the harbour. The apartment includes access to a heated pool, gymnasium, sauna, spa and storage cage. The vendors purchased 24/6 Towns Place for $2,125,000 in 2006. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f11_hinkler_street_greenwich_nsw_2065%2f2634026" target="_blank">11 Hinkler Street, Greenwich, NSW</a> <img src="/images/2014/07/22/7.jpg" alt=""> This five-bedroom house sold at auction through Shead Property Chatswood for $2.39 million. With a formal lounge with fireplace, a home office, an open plan living room and a freestanding studio, the house offers plenty of living spaces for residents. Outside, there is a paved courtyard, a heated pool and lawns. The sellers purchased the house 15 years ago, for $925,000. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f172_paddington_street_paddington_nsw_2021%2f5273350" target="_blank">172 Paddington Street, Paddington, NSW</a> <img src="/images/2014/07/22/8.jpg" alt=""> Di Jones Real Estate Woollahra sold this terrace for $2.25 million this week. The 1890s terrace, which opens out to a north-east facing courtyard, has three bedrooms and two bathrooms. The listing agents suggest the home has potential for an attic conversion and a studio over the home's garage. Held for 27 years, the vendors originally purchased the home for $300,000 in 1987. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f21_austin_avenue_elwood_vic_3184%2f10909342" target="_blank">21 Austin Avenue, Elwood, VIC</a> <img src="/images/2014/07/22/9.jpg" alt=""> One of only two Melbourne homes on this week's top 10 list, this Elwood house is just a 20 minute walk from the Dawson Street home. It was sold at auction by Pride Real Estate St Kilda for $2.2 million. Sitting on 500 square metres of land, this Californian bungalow has been transformed by Jackson Clements Burrows, who have added a contemporary extension and revised the house's interiors. The home has four bedrooms and two bathrooms. It was purchased by the vendors in December 2007 for $1.17 million. 
</li>
<li>
<a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=jIPiREyySEeCynWu5WdVSEYF81nQeNEIYYWzmmVK0FaNtaCI-4D4qvj35un_nURQ8wM4kiv9Znc.&amp;URL=http%3a%2f%2fwww.myrp.com.au%2fproperty%2f22_cleveland_street_wahroonga_nsw_2076%2f7188577" target="_blank">22 Cleveland Street, Wahroonga, NSW</a> <img src="/images/2014/07/22/10.jpg" alt=""> A four-bedroom house in Wahroonga sold through McConnell Bourn Wahroonga for $2.196 million. A single storey home set on a 930 square metre block, 22 Cleveland Street has north-facing living areas, with four double bedrooms and three recently-renovated bathrooms. Outside, there are two large entertaining areas and lawns. T he vendors purchased the house six years ago, for $1.52 million.</li>
</ol>
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jrichardson-uRX5hFdKfN

The 10 most expensive sales of the week: RP Data

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The Bexley vendor and their estate agent who publicised their $570,000 reserve price ahead of its weekend auction secured a $613,000 sale.
The unusual tactic garnered a result at 7.5% above reserve, which suggests it was a tad conservative in its initial appraisal although recent surveys typically put sold prices at around 12% above price guidance.
Its web marketing didn't actually give the reserve price, with inspectees of 15A St Georges Road advised of it when they turned up or rung the agent.
The LJ Hooker listing agent confirmed to Property Observer that there was no marketing of the reserve price as he needed to engage possible buyers in a conversation which might not happen if the reserve price was publicly available.
<a href="https://www.realestate.com.au/property-house-nsw-bexley-117327823" target="_blank">The $570,000 disclosed reserve price was for a two bedroom, two bathroom property</a> which traded at $400,000 in 2004.
The buyers’ agent Patrick Bright attended the auction saying it was a test case for a fully transparent and successful auction for vendor and buyer alike by disclosing the reserve price prior to auction.
“Speaking with the under-bidder after the auction, she said she only bid on the property because the reserve price had been published in advance and she knew the property was truly within her budget," Bright suggested.
Though she did miss out.
Bright noted the underbidder "claimed she would not have even attended the auction if the reserve price had not been disclosed as she was ‘fed up’ with attending auctions that had reserves well over the price guide provided by agents".
Patrick Bright is currently petitioning the NSW government to disclose reserve prices prior to auction to stamp out underquoting.
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A 7.5% premium above disclosed reserve at Bexley auction experiment

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A preliminary weighted average clearance rate of 70.7% was recorded this week across capital cities compared to 67.2% last week and 64.1% this time last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Capital-city.jpg" rel="wp-prettyPhoto[g3516]"><img class="aligncenter size-large wp-image-3517" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Capital-city-580x430.jpg" alt="RP Data national auction comment" width="580" height="430"></a>
Demand in the Sydney market has pushed the national preliminary clearance rate over the 70% mark for the first time since the middle of March this year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Sydney.jpg" rel="wp-prettyPhoto[g3516]"><img class="aligncenter size-large wp-image-3518" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Sydney-580x384.jpg" alt="RP Data national auction comment - Sydney" width="580" height="384"></a>
Low winter volumes are a factor as the clearance rate recorded its sixth consecutive increase. A preliminary clearance rate of 76.9% was recorded in Sydney compared to 75.6% last week.
A clear improvement was seen in Melbourne compared to last week, with a preliminary clearance rate of 69.6% recorded compared to 66.4% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Melbourne.jpg" rel="wp-prettyPhoto[g3516]"><img class="aligncenter size-large wp-image-3519" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Melbourne-580x381.jpg" alt="RP Data national auction comment - Melbourne" width="580" height="381"></a>
In Brisbane a preliminary clearance rate of 54.1% was recorded compared to 43.3% last week. Adelaide recorded a clearance rate of 72.7% compared to 60.9% last week.
In Canberra a clearance rate of 71% was recorded and in Perth there was a clearance rate of 30%.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Brisbane.jpg" rel="wp-prettyPhoto[g3516]"><img class="aligncenter size-large wp-image-3520" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Brisbane-580x382.jpg" alt="RP Data national auction comment - Brisbane" width="580" height="382"></a> <a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Adelaide.jpg" rel="wp-prettyPhoto[g3516]"><img class="aligncenter size-large wp-image-3521" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140720-Adelaide-580x383.jpg" alt="RP Data national auction comment - Adelaide" width="580" height="383"></a>
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Market continues to strengthen: RP Data's national auction wrap

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The prominent harness horse-breeder and construction company director Duncan McPherson sold his two-level Brighton house for $4.68 million at weekend auction.
Stefan Whiting of Buxton took bids from four interested parties when 30 Dawson Avenue was offered.
The house sits on a 987 square metre block four doors from the foreshore.
It had previously traded at $1.5 million in 2000.
It was among the 527 homes scheduled to go under the hammer in Melbourne over the weekend which was around 100 higher than the 426 conducted over the same weekend a year ago.
Australian Property Monitors put the preliminary auction clearance rate at 74.3%.
The most popular region for auctions was the north east with 97 followed by the west with 87, the inner city with 78, the inner south with 75, the outer east 68, and the inner east with 46 auctions scheduled.
Richmond was the most popular suburb with 15 auction listings, followed by Reservoir in the north east with 13 followed by Mount Waverley in the outer east with 12, and Glen Waverley, according to APM.
<div id="conditionalAd-300x250-pos-3" class="ad adCentred">
Melbourne’s auction market had been remarkably consistent, Dr Andrew Wilson, the Domain Group senior economist said.
</div>
One of Melbourne's best-known bridal wear families sold their ornate Bulleen home.
But the sale price secured by Joe and Patricia Pallozzi of Raffaele Ciuca for their Georgian-style house at 13 Coromandel Court was not disclosed.
The Ray White agent Frank Perri was looking for $1.5 million plus interest. 
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Brighton home sells for $4.68 million as weekend's top auction result

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Melbourne's inner ring's highest clearance rate suburb was Carlton North with 88% from 32 auctions.
It just pipped Elsternwick in the top 10 clearance rates in inner Melbourne with its busier 87% success rate.
Recent sales included a three bedroom terrace at <a href="https://www.realestate.com.au/property-house-vic-carlton+north-117100011" target="_blank">134 Fenwick Street</a>, Carlton North (pictured above) that sold through Nelson Alexander at $1.22 million.
It last sold at $435,000 in 2002.
Neither suburbs had any auctions last weekend, and this weekend there is just the one in Elsternwick.
It is a new home <a href="https://www.realestate.com.au/property-house-vic-elsternwick-117311431" target="_blank">at 19a Riddell Parade</a>. 
<img src="/images/2014/07/18/elsternwick%20july%2018%20one.jpg" alt="">
<table style="width: 460px;" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
Suburb (15+ Auctions)
</td>
<td valign="middle">
Total Auctions 
</td>
<td valign="middle">
Sold at Auction
</td>
<td valign="middle">
Clearance Rate
</td>
</tr>
<tr>
<td valign="middle">
Carlton North
</td>
<td valign="middle">
32
</td>
<td valign="middle">
28
</td>
<td valign="middle">
88%
</td>
</tr>
<tr>
<td valign="middle">
Elsternwick
</td>
<td valign="middle">
91
</td>
<td valign="middle">
79
</td>
<td valign="middle">
87%
</td>
</tr>
<tr>
<td valign="middle">
Camberwell
</td>
<td valign="middle">
180
</td>
<td valign="middle">
154
</td>
<td valign="middle">
86%
</td>
</tr>
<tr>
<td valign="middle">
Brunswick East
</td>
<td valign="middle">
60
</td>
<td valign="middle">
51
</td>
<td valign="middle">
85%
</td>
</tr>
<tr>
<td valign="middle">
Malvern East
</td>
<td valign="middle">
161
</td>
<td valign="middle">
135
</td>
<td valign="middle">
84%
</td>
</tr>
<tr>
<td valign="middle">
Clifton Hill
</td>
<td valign="middle">
56
</td>
<td valign="middle">
47
</td>
<td valign="middle">
84%
</td>
</tr>
<tr>
<td valign="middle">
Hawthorn East
</td>
<td valign="middle">
117
</td>
<td valign="middle">
98
</td>
<td valign="middle">
84%
</td>
</tr>
<tr>
<td valign="middle">
Abbotsford 
</td>
<td valign="middle">
55
</td>
<td valign="middle">
46
</td>
<td valign="middle">
84%
</td>
</tr>
<tr>
<td valign="middle">
Flemington
</td>
<td valign="middle">
48
</td>
<td valign="middle">
40
</td>
<td valign="middle">
83%
</td>
</tr>
<tr>
<td valign="middle">
Northcote
</td>
<td valign="middle">
183
</td>
<td valign="middle">
152
</td>
<td valign="middle">
83%
</td>
</tr>
</tbody></table>
Source: REIV
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Carlton North pips Elsternwick for best auction clearance rate

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Analysis of changes in the median value of houses in suburbs within 20 kilometres of the CBD over the medium-term shows some interesting trends.
In order to smooth out some of the volatility present in the short-term this analysis focuses on median value growth over a five year period.
The data shows that owners at a range of price points and locations have recorded very healthy increases in value. There are three suburbs with median values in excess of $1 million in the top 10 list based on median value growth over the past five years. These three suburbs, <a href="/news">Hawthorn East</a>, <a href="/news">Middle Park</a> and <a href="/news">Ashburton </a>have all recorded a rise in median values of more than 45% over the five years to May 2014.
Hawthorn East tops the list with an increase of 78% over the past five years, but is followed by a much more affordable location in second place. <a href="/news">Watsonia</a> recorded a 63% rise and with a median house value less than a third of Hawthorn East, this shows good capital growth can be found at a range of price points.
Third on the list is <a href="/news">Derrimut</a>, however as a growth suburb underlying values are driven by new home development across the suburb.
Fourth on the list is <a href="/news">Pascoe Vale South</a> with a 54% rise. It is a suburb which is undergoing significant change and is seeing values boosted by the good transport options and well-sized blocks.
Other suburbs on the list can be seen below but it is worth highlighting <a href="/news">Northcote</a>, as it is representative of the gentrification underway in the inner north of Melbourne.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/07/vic-blog-best-suburbs-for-cap-growth.jpeg" rel="wp-prettyPhoto[g3494]"><img class="aligncenter size-full wp-image-3495" src="https://blog.rpdata.com/wp-content/uploads/2014/07/vic-blog-best-suburbs-for-cap-growth.jpeg" alt="Table - Best suburbs for capital growth within 20k of CBD" width="334" height="284"></a>
Melbourne Auction Market preview for week ending 20 July
There are 590 auctions scheduled this week in Melbourne compared to 519 for the same time last year. The highest number of auctions is expected in the northern suburbs where 16 are expected in <a href="/news">Reservoir</a>.
Seasonally low volumes are not only a factor in the auction market with the overall level of new listings also being lower than a year ago. In Melbourne there were 4.9% fewer homes listed for sale over the last month and 8.8% fewer homes overall on the market.
Fewer homes on the market than a year ago is a positive sign, especially from a sellers’ point of view, however the lower number of new listings may put pressure on prices if it persists and buyer numbers remain at current levels
The average time on market for houses sold last month rose slightly from 40 to 41 days. Similarly, vendor discounting increased from -5.3% the previous week to -5.4% last week.
Key data
<ul>
<li>
Clearance rate week ending 13 July: 66.4%
</li>
<li>Melbourne auctions expected week ending 20 July: 590</li>
<li>Melbourne private sales time on market week ending 13 July: 41 days (houses)</li>
<li>
Melbourne vendor discounting market week ending 13 July: -5.4% (houses)
</li>
<li>
Listings being prepared for market are 1% lower over the month ending 13 July (seasonally adjusted)
</li>
</ul>
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Melbourne's best capital growth suburbs: RP Data's weekend Melbourne auction preview

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Richmond is Melbourne's most active inner ring auction suburb, according to the REIV.
South Yarra ranked second, nine auctions fewer, in the top 10 auction suburbs in inner Melbourne are as follows (as at 6 July 2014).
Last weekend Richmond's highest price was <a href="https://www.domain.com.au/property/for-sale/house/vic/richmond/?adid=2011253785" target="_blank">19 Charlotte Street</a> (pictured above) sold at $1,363,000.
The cheapest was $390,000<a href="https://www.domain.com.au/property/sold/apartment-unit-flat/vic/richmond/?adid=2011254550" target="_blank"> at 2/16 Rowena Street for a one bedroom unit</a>.
<img src="/images/2014/07/17/richmond%20july%2017%20two.jpg" alt="">
<table style="width: 460px;" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
Suburb
</td>
<td valign="middle">
Total Auctions 
</td>
<td valign="middle">
Sold at Auction
</td>
<td valign="middle">
Clearance Rate
</td>
</tr>
<tr>
<td valign="middle">
Richmond
</td>
<td valign="middle">
248
</td>
<td valign="middle">
193
</td>
<td valign="middle">
78%
</td>
</tr>
<tr>
<td valign="middle">
South Yarra
</td>
<td valign="middle">
239
</td>
<td valign="middle">
176
</td>
<td valign="middle">
74%
</td>
</tr>
<tr>
<td valign="middle">
St Kilda
</td>
<td valign="middle">
235
</td>
<td valign="middle">
145
</td>
<td valign="middle">
62%
</td>
</tr>
<tr>
<td valign="middle">
Glen Iris
</td>
<td valign="middle">
220
</td>
<td valign="middle">
172
</td>
<td valign="middle">
78%
</td>
</tr>
<tr>
<td valign="middle">
Preston
</td>
<td valign="middle">
210
</td>
<td valign="middle">
144
</td>
<td valign="middle">
69%
</td>
</tr>
<tr>
<td valign="middle">
Kew
</td>
<td valign="middle">
191
</td>
<td valign="middle">
144
</td>
<td valign="middle">
75%
</td>
</tr>
<tr>
<td valign="middle">
Hawthorn
</td>
<td valign="middle">
189
</td>
<td valign="middle">
140
</td>
<td valign="middle">
74%
</td>
</tr>
<tr>
<td valign="middle">
Northcote
</td>
<td valign="middle">
183
</td>
<td valign="middle">
152
</td>
<td valign="middle">
83%
</td>
</tr>
<tr>
<td valign="middle">
Brunswick
</td>
<td valign="middle">
180
</td>
<td valign="middle">
133
</td>
<td valign="middle">
74%
</td>
</tr>
<tr>
<td valign="middle">
Camberwell
</td>
<td valign="middle">
180
</td>
<td valign="middle">
154
</td>
<td valign="middle">
86%
</td>
</tr>
</tbody></table>
Source: REIV
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Richmond tops ladder for most auctions: REIV

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A preliminary weighted average clearance rate of 68.7% was recorded this week across capital cities compared to 68.9% last week and 67.7% this time last year.
<img class="aligncenter size-large wp-image-3478" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Capital-city-580x428.jpg" alt="RP Data national auction comment" width="580" height="428">
Sydney provided the highest clearance rate and when combined with the higher volumes in Melbourne resulted in another solid week.
<img class="aligncenter size-large wp-image-3479" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Sydney-580x386.jpg" alt="RP Data national auction comment - Sydney" width="580" height="386">
This week a preliminary clearance rate of 76.4% was recorded in Sydney compared to 72.4% last week. Sellers with auctions scheduled in spring will welcome the strong result this week.
In Melbourne there was a preliminary clearance rate of 67% recorded compared to 71.4% last week. The market has built a solid basis for spring and continues to offer buyers good opportunity.
<img class="aligncenter size-large wp-image-3480" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Melbourne-580x377.jpg" alt="RP Data national auction comment - Melbourne" width="580" height="377">
In Brisbane a preliminary clearance rate of 47% was recorded compared to 59.5% last week. Adelaide recorded a clearance rate of 62.3% compared to 64.6% last week.
In Canberra a clearance rate of 64.3% was recorded and in Perth there was a clearance rate of 75%.
In Tasmania one auction resulted in sales from the 4 held.
<img class="aligncenter size-large wp-image-3481" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Brisbane-580x380.jpg" alt="RP Data national auction comment - Brisbane" width="580" height="380"> <a href="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Adelaide.jpg" rel="wp-prettyPhoto[g3477]"><img class="aligncenter size-large wp-image-3482" src="https://blog.rpdata.com/wp-content/uploads/2014/07/20140713-Adelaide-580x380.jpg" alt="RP Data national auction comment - Adelaide" width="580" height="380"></a>
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More auctions and more sales in capital cities than a year ago: RP Data's national weekend auction wrap

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A weekend Artarmon auction offering has sold for a record $2.82 million. 
The four-bedroom house at 12 Harden Road was offered for the first time in 99 years selling <a href="https://www.realestate.com.au/property-house-nsw-artarmon-117219459" target="_blank">through agent Danny Grant, of Ray White Lower North Shore.</a>
Some 27 contracts were issued with six registered bidders who'd been given a price guide of around $2.5 million.
It sold to a local family with four children who lived in the next block, the local News Ltd paper reported.
{qtube vid:=eIpYzLHfOio}
The Federation home on sandstone foundations had been in the same family since 1915 with the current vendor's aunt, school teacher Elsie Greig residing in the house through her entire life.
The aunt’s parents bought it as newlyweds after Bonnor Court was constructed amid orchards.
The 1,400 square metre holding came with tennis court, reportedly one of only two courts remaining in Artarmon.
The median house price in Artarmon is at around record $1.7 million levels, <a href="/news">according to RP Data</a>.
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