The Victorian Government has secured the passage of the Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026, introducing a suite of reforms aimed at improving consumer protection and confidence in the apartment market.

Resilience Insurance, Australia’s leading Latent Defects Insurance (LDI) provider, has welcomed the move.

The LDI elements of the Bill passed with bipartisan support and now moves to the Legislative Council where debate and passage are expected later this month. It represents a significant milestone in the national shift toward stronger, longer-term protection for apartment buyers.&nbsp;

The reform would deliver practical benefits across the housing system. Apartment owners will have stronger protection if major defects emerge, developers and builders will have a clearer quality framework to work within, and the State will reduce the risk of serious building failures becoming a long-term financial and social burden for households, communities and government.&nbsp;

LDI helps support apartment delivery while providing stronger protection for buyers and encouraging better construction outcomes.&nbsp;

Resilience LDI provides apartment owners with 10 years of insurance-backed cover for major structural defects from completion, with direct claim access to the insurer. This means owners are not required to first pursue developers or builders through costly legal action before accessing protection.&nbsp;

Resilience Insurance has been operating in Australia since 2022 and has already insured hundreds of development projects covering many thousands of apartments across Australia.&nbsp;

At approximately 1.8 per cent of build cost, it is a cost-competitive alternative to the traditional two per cent Strata Bond, bond while delivering significantly broader and longer protection.&nbsp;

“The Victorian Lower House vote shows that reforms like this succeed when they are practical, evidence-based and supported by industry," says Corey Nugent, CEO of Resilience Insurance.

"Victoria is moving quickly on a reform that will make a real difference for apartment buyers, while supporting better building outcomes and greater confidence in apartment delivery.

“This is step one. We look forward to the Bill completing its passage through the Legislative Council and to working with government and industry to implement the framework effectively.”&nbsp;

Fast Facts: What is Resilience LDI?&nbsp;

<ul>
	<li>Resilience Latent Defects Insurance (LDI): Covers major structural defects for 10 years from completion.&nbsp;</li>
	<li>Consumer-first: Direct claim access, no need for lengthy legal action.&nbsp;</li>
	<li>Cost advantage: At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.&nbsp;</li>
	<li>Market leader: Resilience Insurance is the first approved LDI provider in NSW.</li>
</ul>

The Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026 has passed the Victorian Lower House, putting Victoria on track to become the first state to legislate an industry workable LDI framework as a formal alternative to the Strata Building bond. 

Joel Robinson

10-year Latent Defects Insurance for new apartment buyers set to land in Victoria

Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.

Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.

There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" />

Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.

"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."

The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;

The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;

Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a>

Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a> 
&nbsp;

Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.

The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.

Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.

The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.

<img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" />

A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.

Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.

New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.

GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.

First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.

The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.

Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.

[smartcode_project:default project_id=135876 project_image_fid=368853]

The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.

GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available.

Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.

[smartcode_project:default project_id=135876 project_image_fid=368851]

The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.

The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.

[smartcode_project:default project_id=135876 project_image_fid=368852]

For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.

GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.

"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.

"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."

[smartcode_project_cta:default project_id=135876]

GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.

The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.

The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.

<img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" />

A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.

The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.

"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.

The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.

Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."

The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.

<img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" />

The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.

S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.

Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.

John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.

First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

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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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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