One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

Bentleigh East

Melbourne's dearest weekend result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The Jellis Craig price guide had been $1.42 million to $1.52 million.

It was marketed as "effortless family excellence in the McKinnon Secondary College zone."

The contemporary 2020 built home has Oak floors, stone basins, black tapware, plush carpet, a water tank, and an auto garage.&nbsp;

The ANZ price predictor REALas forecast it would sell at $1,493,000.

Melbourne's auction clearance rate was hit by high withdrawals as prospective buyers are unable to physically inspect a property given pandemic lockdowns.

CoreLogic calculated a 40 percent Melbourne success rate after these high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

Sales included 25/94-96 Cavanagh St, Cheltenham for $650,000 to a local first home buyer through Angela Limanis of Ray White Cheltenham.

The vendor couple bought their first home together in 2011 for $336,500, and recently moved within Cheltenham have been renting their unit out at $420 a week.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

Melbourne's auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.



jchancellor-FAypfDUnLy

Modern Bentleigh East townhouse tops Melbourne weekend results

In the enviable location of Bentleigh rises Onyx, a boutique development featuring a selection of 32 one, two and three bedroom apartments across five floors.&nbsp;&nbsp;

Developed by Vanguard Projects, Onyx delivers a strong design statement through its dramatic contemporary lines with expansive apartments that flow effortlessly to inviting outdoor areas.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/onyx-669-centre-road-bentleigh-east" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/onyx-669-centre-road-bentleigh-east-ffaeaaf42769cd57cc02302e3e26d867.jpg?itok=Wxn2u_Ba" style="width: 580px; height: 435px;" /></a></figure>

Inside, kitchens are designed to connect with living spaces with large reconstituted stone island benches, perfect for preparing meals with ease and entertaining. There's plenty of storage with a mix of laminate and timber veneer cabinetry complimenting the Miele stainless steel built-in appliances. The splash back of bronzed glass adds a subtle layer of sophistication to the communal spaces.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/onyx-669-centre-road-bentleigh-east" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/onyx-669-centre-road-bentleigh-east-7cce6b238557fa20bcad659e2569272a.jpg?itok=3TR9OWZV" style="width: 580px; height: 435px;" /></a></figure>

Living spaces are awash with natural light from the full-height windows and flow effortlessly to your private balcony. Pair the free-flowing, timber floors with the perfect dining table and lounge room set to create a harmonious space for bringing people together.

Located in the highly coveted McKinnon Secondary College school zone, Onyx presents and opportunity to secure a stylish urban lifestyle within walking distance to trendy cafe's, world class restaurants and within a short distance to Melbourne's best beaches, parklands and shopping.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/onyx-669-centre-road-bentleigh-east" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/onyx-669-centre-road-bentleigh-east-05a0236d2156ad526f9c59c03591776d.jpg?itok=7_R66UNh" style="width: 580px; height: 435px;" /></a></figure>

urban.com.au

Bentleigh East - Set in an enviable location, Onyx delivers boutique, contemporary apartments.

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The Melbourne suburb of Bentleigh East is once again host to the highest volume of auctions this weekend, with 11 homes set to go under the hammer, according to CoreLogic.
Next busiest are Northcote and Reservoir, also in Victoria, with 10 auctions scheduled each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 1,201 currently being tracked by CoreLogic, down from the 1,484 auctions held last week at final results.
Both Melbourne and Sydney are expected to see a decrease in activity this week, with 497  homes scheduled for auction across Melbourne, while Sydney is set to host 469 auctions, decreasing on the 635 and 558 auctions held last week respectively.
The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Brisbane and Perth where auction volumes are relatively steady.
<img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%204.JPG" alt="">
The busy auction weekend in Bentleigh East, sees <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-131323446" target="_blank">71 Bignell Road</a> (pictured in title) offered.
The property going under the hammer is a four bedroom, two bathroom house.
It comes with an indicative price guide of $1,150,000-$1,190,000.
<img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%202.JPG" alt="">
Another example of the breadth of auctions taking place in Bentleigh East is 4A Tambet Street (pictured above).
The property going under the hammer is a four bedroom, three bathroom townhouse.
It comes with an indicative price guide of $1,120,000-$1,170,000.
 <img src="https://www.urban.com.au/images/2019/6/27/Bentleigh%20East%20June%203.JPG" alt="">
A third property going to auction in Bentleigh East this week is <a href="https://www.realestate.com.au/property-unit-vic-bentleigh+east-131357494" target="_blank">2/3 Montclair Court</a> (pictured above).
The property going under the hammer is a three bedroom, one bathroom villa. 
It comes with an indicative price guide of $620,000 - $670,000.
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j.ballantyne1990-6AQqhLzZaK

Bentleigh East again the busiest weekend property auction hotspot

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The busiest suburbs for auctions this week are Bentleigh East and Reservoir in Victoria with 14 homes set to go under the hammer each.
Next up are Maroubra (NSW), Craigieburn (Vic) and Richmond (Vic) all with 9 scheduled auctions this week.
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Upcoming auctions
This week, 1,394 capital city auctions are currently being tracked by CoreLogic, down from the 1,505 auctions held last week at final results. One year ago, a higher 1,849 auctions took place across the capital cities.
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Melbourne is expected to see a decrease in activity this week, with 600 homes scheduled for auction across the city, down from the 724 auctions held last week.
Activity is set to remain relatively steady across Sydney this week, with 525 scheduled auctions, down only slightly from the 534 homes taken to auction last week.
<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%202.jpg" target="_blank">Click here</a> to enlarge: 
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Source: CoreLogic
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Source: CoreLogic
The smaller auction markets will all see a higher volume of homes auctioned week-on-week with the exception of Perth and Canberra where fewer auctions are scheduled.
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One of the auctions is a four bedroom brick house situated on a 690 sqm corner allotment at Bentleigh East. 
Located just two blocks from the Centre Road shopping strip, the family house at <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-131260334" target="_blank">64 Elizabeth Street</a> (pictured below) comprises four bedrooms, free-flowing living areas, Bosch-appliance kitchen and gardens.
Additional features include ducted heating and air-conditioning, ceiling fans, built-in robes and open-fireplace.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/20/bentleigh%20east%201.jpg" alt=""> 
Another weekend Auction in Bentleigh East is a two bedroom apartment priced between $480,000 and $520,000.
Situated in the heart of Bentleigh's lifestyle centre, the apartment at <a href="https://www.realestate.com.au/property-apartment-vic-bentleigh+east-129817498" target="_blank">302/663-667 Centre Road </a>(pictured below) comes with two bedrooms, kitchen with Ceaserstone bench tops, and living area featuring oak flooring. 
It's within close proximity to the beach, Bentleigh station and schools. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/20/bentleigh%20east%202.jpg" alt=""> 
Summary of Last Week’s results
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Last week, the combined capital city final auction clearance rate increased to 61.8 per cent, after the week prior saw the final clearance rate drop to 48.3 percent.
 Last week’s improved clearance rate was across a higher volume ofauctions (1,505) and also happened to be the highest weighted average seen since 6 May 2018 (62.1 per cent). 
While clearance rates have seen some improvement over the last few weeks, volumes are still tracking lower year-on- year with 2,002 homes taken to market over the same week last year when 52.4 per cent cleared.
Melbourne and Sydney saw clearance rates reach their highest level seen since April 2018 last week, both coming in at the mid 60 per cent mark.
There were 724 Melbourne homes taken to auction last week, returning a higher final clearance rate week-on-week, with 64.9 per cent of auctions successful, up on the 62.8 per cent over the week prior when there were only 215 homes taken to auction.
In Sydney, a final clearance rate of 66.4 per cent was recorded across a higher volume of auctions over the week, with 534 homes taken to market, up on the 313 auctions held over the previous week when fewer returned a successful result (56.2 per cent).
The smaller auction markets all saw an improvement in clearance rates over the week, with Canberra coming in with the highest final clearance rate of 48.7 per cent.
<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%204.jpg" target="_blank">Click here </a>to enlarge: 
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<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%205.jpg" target="_blank">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/20/auction%20corelogic%205.jpg" alt=""> 
Source: CoreLogic
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Bentleigh East and Reservoir set to be busiest weekend auction hotspot's

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The Melbourne suburb of Bentleigh East is host to the highest volume of auctions this weekend, with 18 homes set to go under the hammer, according to CoreLogic.
Next busiest are Cheltenham, Kew, Mount Waverley, Reservoir and Yarraville, all in Melbourne, which are expecting 12 auctions each this week, along with Mosman in Sydney.
Last week saw 2,164 homes taken to auction across the combined capital cities, returning a final auction clearance rate of 50.9%, unchanged from the previous week when 1,667 auctions were held.
Over the same week last year just 670 auctions were held due to the Easter weekend, returning a clearance rate of 64.8%.
In Melbourne, Australia’s largest auction market, the number of scheduled auctions has fallen week-on-week with 840 homes set to go under the hammer across the city, down from 978 last week.
Over the same week last year, 723 auctions were held.
Sydney is expecting to see fewer properties taken to auction this week with 700 homes currently scheduled to go under the hammer across the city, down from 801 last week and 795 last year.
Across the smaller auction markets, Canberra, Perth and Tasmania are expecting to see an increase in auction volumes week-on-week, while activity is set to be lower in Adelaide and Brisbane.
<img src="https://www.urban.com.au/images/2019/4/4/Clearance%204-04-2019.JPG" alt="">
The busy auction weekend in Bentleigh East sees <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-130718914" target="_blank">18 Millard Street</a> (pictured above) offered.
The property going under the hammer is a three bedroom one bathroom house.
It comes with a price guide of $810,000 - $890,000.
<img src="https://www.urban.com.au/images/2019/4/4/Bentleigh%20East%202.JPG" alt="">
Another example of the breadth of auctions taking place in Bentleigh East is <a href="https://www.realestate.com.au/property-villa-vic-bentleigh+east-130726274" target="_blank">3/27 May Street</a> (pictured above).
The property going under the hammer is a two bedroom one bathroom circa 60's Villa.
It comes with a price guide of $550,000 - $600,000.
<img src="https://www.urban.com.au/images/2019/4/4/Bentleigh%20East%203.JPG" alt="">
A third property going to auction in Bentleigh East this week is <a href="https://www.realestate.com.au/property-townhouse-vic-bentleigh+east-130729270">47 Gladwyn Avenue</a> (pictured above).
The property going under the hammer is a four bedroom three bathroom house.
It comes with a price guide of $1,120,000 - $1,170,000.
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Bentleigh East set to be busiest weekend auction hotspot

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This week, the busiest suburb for auctions is in Victoria where Bentleigh East has 20 homes scheduled for auction.
Followed by Craigieburn also in Victoria with 17 scheduled auctions, while St Ives (NSW) and Bentleigh (Vic) each have 15 auctions scheduled.
The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,285 auctions, down from the 2,631 held last week.
Melbourne is set to see a lower volumes of auctions take place over the week, with 1,101 being tracked so far, decreasing from last week when 1,283 auctions were held across the city and much lower than 12 months ago when 1,630 homes went under the hammer.
In Sydney, 695 homes are currently scheduled for auction this week, down from 870 last week and lower than the same week last year when 708 auctions were held across the city.
Across the smaller auction markets, the number of homes scheduled for auction this week are lower in Brisbane and Canberra, while Adelaide, Perth and Tasmania are expected to see a higher number of auctions take place.
<img src="https://www.urban.com.au/images/2018/12/13/Auctions%20this%20week%20Dec%2013.JPG" alt="">
Indicative of the auction numbers in Bentleigh East is 11 Argyle Street, Bentleigh East (pictured in title).
This three bedroom one bathroom house has an indicative price guide of $1 million - $1.1 million.
Set on 610 sqm the property is situated within walking distance of shops, cafes and public transport links.
<img src="https://www.urban.com.au/images/2018/12/13/Bentleigh%201.JPG" alt="">
Another example of the volume of properties going to auction in Bentleigh East is 5/36 Browns Road, Bentleigh East (pictured above).
The one bedroom one bathroom apartment comes with a price guide of $295,000 - $324,500.
Set on 50 sqm the apartment is noted in the listing as "brand new."
<img src="https://www.urban.com.au/images/2018/12/13/Bentleigh%203.JPG" alt="">
Another property indicative of the busy auction week is 49B Elizabeth Street, Bentleigh East (pictured above).
This three bedroom two bathroom townhouse goes to auction with a price guide of $750,000 - $800,000.
Located minutes from Centre Road's cafe and shops the property is also close to public transport links.
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Over 1000 Melbourne weekend auctions with Bentleigh East the busiest

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This weekend, the busiest suburb for auctions in Victoria is Bentleigh East.
According to REIV data there are 12 properties going to auction in this suburb.
The majority of properties going to auction in Bentleigh East this weekend are houses, which is unsurprising as 72% of the suburb is made up of houses.
<img src="https://www.urban.com.au/images/2018/8/31/House%20Graph.JPG" alt="">
One such house is <a href="https://www.realestateview.com.au/real-estate/23-bradford-street-bentleigh-east-vic/property-details-buy-residential-12035763/" target="_blank">23 Bradford Street Bentleigh East</a> (pictured above).
It is a four bedroom two bathroom dwelling featuring skylights and one parking space.
The 605 square metre home is being listed through Buxton and is less than 1 kilometres from four different schools with a price guide of $1.08 to $1.15 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/31/House%202.jpg" alt="">
A second house that goes to auction in Bentleigh East this weekend is <a href="https://www.realestateview.com.au/real-estate/121-brady-road-bentleigh-east-vic/property-details-buy-residential-12031217/" target="_blank">121 Brady Road</a> (pictured above).
It has a price guide of $1 to $1.1 million.
The three bedroom on bathroom holding is being listed through Woodards and has views across Centenary Park from almost every room and the home is currently under lease until mid September
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/31/House%203.jpg" alt="">
On the same street a townhouse is going to auction this weekend, <a href="https://www.realestateview.com.au/real-estate/79b-brady-road-bentleigh-east-vic/property-details-buy-residential-12032975/" target="_blank">79B Brady Road, Bentleigh East</a> (pictured above).
With a price guide of $1 to $1.1 million the four bedroom three bathroom unit is less than half a kilometre from both a primary and a secondary school.
The home has parking space for three cars and features wholly timber floors plus a backyard deck.
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Bentleigh East set for bumper auction weekend

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The Bulldogs coach Luke Beveridge and his wife Dana have listed their Bentleigh East home.
The 2016 AFL premiership winning coach has a price guide of $1.4 million to $1.5 million for the home that cost $140,000 in 1994.
The Fraser Street home, built in the 1960s, has four bedrooms, two bathrooms and a fireplace in the open plan living and dining area.
The 650 sqm parcel features a solar powered swimming pool and spa, overlooked by the poolside caba, rustic full-size bar and gas fuelled wood fire heater.
Nick Johnstone Real Estate agents Nick Johnstone and Alan McGillivray have a July 28 auction.
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Western Bulldogs coach Luke Beveridge lists Bentleigh East home of 24 years

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An overseas investor has snapped up a childcare centre in Bentleigh East.
The <a href="https://maps.google.com/?q=359-361+Chesterville+Road,+Bentleigh+East&amp;entry=gmail&amp;source=g" title="">359-361 Chesterville Road, </a>offering in bayside Melbourne sold for $5.6 million just after auction.
It has a new 20-year lease with options to childcare operator Think Child Care.
The 451 square metre building on a 1184 square metre sold on a 5.85% yield.
Savills Australia's Julian Heatherich, Benson Zhou and Mark Stafford secured the sale for a private investor.
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Bentleigh East childcare centre sold for $5.6 million 

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Bentleigh East and Reservoir in Victoria are the busiest suburbs for auctions this week, with each set to host 17 auctions, followed by Mount Waverley (Vic) with 16 auctions, and Mosman in NSW with 15 auctions scheduled according to CoreLogic.
CoreLogic's latest auction market preview expects a slight increase in auction activity this week across the combined capital cities, with 2,086 properties scheduled to go to auction, up from last week’s final of 2,064 auctions held.
<a href="https://www.propertyobserver.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.22.41%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.22.41%20AM.png" alt="">
"Volumes have remained relatively steady throughout most of July-August, and have continually tracked higher each week when compared to the equivalent week’s last year, however while volumes are to increase this week, this will be the first week since early May where volumes are expected to be lower than what was seen one year ago, with results from last year reporting a slightly higher 2,153 auctions held," CoreLogic reported.
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"Across Melbourne and Sydney, the number of properties scheduled to go to auction this week is set to be higher than last week, with 1,039 and 760 auctions currently being tracked, increasing from last week’s 1,001 and 720 auctions held respectively.
"While the larger markets are to see an uplift over the week, activity across the smaller markets is set to fall by varying degrees, with Adelaide expected to see the most notable decrease in activity down by 32.7 per cent when compared to last week, followed by Tasmania (28.6 per cent), Perth (14.3 per cent), Canberra (10.3 per cent) and Brisbane (7.4 per cent). "
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-126061058" target="_blank">6 Wolai Avenue</a>, Bentleigh East (above) will be auctioned for between $1.1 million to $1.2 million.
A three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-125994938" target="_blank">1E Black Street</a>, Reservoir (below) will be auctioned for between $600,000 to $660,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/25/1E%20Black%20Street.jpg" alt="">
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