<p>Sun Property Group (SPG) has taken a major step to reinforce its commitment to consumer trust by securing Latent Defects Insurance (LDI) from Resilience Insurance for its nearly completed Willoughby development on Sydney’s Lower North Shore.</p>

<p>The boutique project, Aurora, comprising 12 apartments and a ground-floor commercial space, is one of few in the region to adopt the forward-thinking insurance model—offering a point of difference in a competitive market.</p>

<p data-end="792" data-start="591">For Cameron Johnson, General Manager at Sun Property Group, the decision to adopt LDI was rooted in the company’s long-standing philosophy of maintaining a highly personalised relationship with its end users.</p>

<p data-end="792" data-start="591">“We’ve always taken ownership over our product,” Johnson said. “Introducing LDI is not just about peace of mind for the buyer—it’s about raising the internal bar. It becomes the baseline for how we do things going forward.”</p>

<p data-end="792" data-start="591">[smartcode_project:default project_id=109919 project_image_fid=205006]</p>

<p data-end="792" data-start="591">While hundreds of developers and builders have taken out an LDI policy from Resilience Insurance, the insurance is still relatively new to Australia. Johnson says he sees significant future potential with LDI nationwide, with both&nbsp;regulatory and market frameworks starting to evolve to support its wider use in class two buildings.</p>

<p data-end="792" data-start="591">“When we started the Willoughby project, LDI was still just a concept being floated by the Building Commissioner’s office," Johnson says.</p>

<p data-end="792" data-start="591">"Delays in the construction timeline gave us the unique opportunity to adopt it as the product became more available in late 2023."</p>

<p data-end="1804" data-start="1553">That timing aligned with a shift in construction contractors on the project, which opened the door for a more collaborative and considered implementation of the insurance. According to Johnson, Resilience Insurance was proactive and solution-oriented.</p>

<p data-end="1804" data-start="1553">“It wasn’t just about us buying a product off the shelf. It was a dialogue—how can we work together to deliver something that meets both of our needs?” he added.</p>

<p data-end="1804" data-start="1553">[smartcode_project:default project_id=109919 project_image_fid=5717]</p>

<p data-end="2270" data-start="1971">LDI covers major structural defects for up to 10 years post-completion and offers an alternative to the traditional developer bond held under the Department of Fair Trading’s scheme. SPG prudently factor in a two per cent cost profile for such measures into its feasibility, treating it as “business as usual.”</p>

<p data-end="2270" data-start="1971">“What LDI does is show the consumer that we’re front-ending our responsibilities—design, delivery, documentation, execution. That whole chain of custody is assessed and independently reviewed throughout construction. It’s a rubber stamp on quality,” Johnson said.</p>

<p data-end="2820" data-start="2539">In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator. While some projects may carry an iCIRT rating, few offer the depth of protection and oversight that LDI provides, especially outside of publicly listed organisations.</p>

<p style="line-height:1.38; margin-top:16px; margin-bottom:16px">Aurora is being brought to market by Henry Burke of McGrath Projects. With the recent cut in interest rates Burke expects that many first home buyers and investors will jump at the chance to buy in Aurora due to its convenient location, fantastic retail amenity, picturesque parks with leafy walks, and excellent transport connections with only one stop to Sydney CBD. He expects a local owner-occupier to secure the standout penthouse which offers 175 sqm of internal space and further 200 sqm of outdoor space.</p>

<p data-end="2820" data-start="2539">[smartcode_project:default project_id=109919 project_image_fid=205010]</p>

<p data-end="2820" data-start="2539">Johnson says Aurora residents will not only benefit from the first right insurance policy, which means action is taken immediately rather than often long and complicated battles as developers and builders point fingers at each other as to who created the issue, but from how it can benefit the strata communities of the building.</p>

<p data-end="2820" data-start="2539">Many buyers, especially first-time apartment owners, have limited understanding of shared infrastructure or the responsibilities of Owners Corporations. LDI adds an important layer of education, structure, and protection.</p>

<p data-end="3105" data-start="2822">“People want to move in and enjoy what they’ve bought. But when things go wrong, that’s when emotions and stress levels rise. The insurance policy gives owners a clearer path to resolution—an assured, regulated compensation process. It also helps equip owners and managers with the knowledge they need to maintain the building properly.”</p>

<p style="line-height:1.38; margin-top:16px; margin-bottom:16px">The insurance includes tools such as service penetration matrices and access documentation—going far beyond standard build drawings. Johnson says it’s about delivering not just a home, but a sustainable, manageable asset.</p>

<p data-end="3699" data-start="3448">[smartcode_project:default project_id=109919 project_image_fid=343670]</p>

<p data-end="3850" data-start="3701">Sun Property Group continues to build on its strong track record across Sydney’s Lower North Shore, with an upcoming major development of its Bowen Street, Chatswood landholdings and additional projects underway in Melbourne. The team recently completed its debut Melbourne apartment project, The Brookville in Toorak, showcasing their commitment to delivering high-quality, design-led communities.</p>


In a region where no other nearby developments currently carry LDI, the move also creates a market differentiator

Joel Robinson

Sun Property Group approaches completion of Willoughby's first apartment development with 10-year Latent Defects Insurance

<p>Renowned developer-builder DASCO has unveiled its much-anticipated new development in the heart of Epping.</p>

<p>The architectural brief for Turner Studio was to “create a community where residents are completely immersed in a paradise for the senses.”</p>

<p>The result is <a href="https://www.apartments.com.au/new-apartments/senso-epping-242-244-beecroft-road-epping-nsw-2121">Senso</a>, a series of buildings that have been oriented around an unrepeatable 10,000 sqm-plus site to create a facility-laden, landscape-first precinct, something of which Epping and its surrounds have not seen before.</p>

<p>There are 479 apartments available in a variety of floorplans across the five buildings, a mix of one-, two-, and three-bedroom apartments in addition to a curated penthouse collection.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4553]</p>

<p>The apartments have been designed to appeal to the owner-occupier market, with generous floorplans, premium materials, and optional upgrades including integrated refrigeration, bespoke joinery, and motorised blinds.</p>

<p><a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a>, who builds its own developments, is once again bringing peace of mind to its clients by taking the 10-year Latent Defects Insurance policy offered by Resilience Insurance, which protects buyers against any structural or waterproofing issues for 10 years post completion of the building. This insurance can only be taken out by the builder or developer and not by individual apartment owners.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4552]</p>

<p>DASCO is known for creating more than just apartments — they create places where people connect. Senso will have over 4,000 sqm of resort-inspired communal amenity in the form of two rooftop pools, a celestial outdoor cinema, wellness club, sensory walk, and an observation deck, in addition to multiple BBQ and outdoor communal areas on multiple levels, intended to deliver a complete lifestyle offering within the residential environment.</p>

<p>There will be over 800 sqm of retail space on street level, which will likely be run as hospitality venues.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4396]</p>

<p>Located adjacent to the new Epping Town Centre masterplan, and just a five-minute walk from Epping Metro Station, Senso offers seamless access to Macquarie Park, Chatswood and the Sydney CBD. Families who are interested in the large two- and three-bedroom apartments are within proximity to several regarded educational institutions including Macquarie University, James Ruse Agricultural High, and Cheltenham Girls School.</p>

<p>The project also leverages Epping’s growing dining and retail precinct, proximity to Macquarie Centre, and access to natural assets including Terrys Creek walking trails and Boronia Park.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4399]</p>

<p>With a 33-year track record and over 7,000 dwellings delivered, DASCO continues to develop and build; a business model that enables integrated delivery and peace of mind, especially when Senso is backed by Latent Defects Insurance (LDI), providing 10 years of protection for buyers at no additional cost.</p>

<p>The launch of Senso Epping reinforces DASCO’s active pipeline of Sydney-based developments at a time when the market is increasingly focused on owner-occupier appeal, delivery confidence, and long-term quality.</p>

<p>DASCO is partnering on Senso Epping with leading Australian alternative asset management firm Metrics, which has more than $30 billion in assets under management.</p>

<p>[smartcode_project_cta:default project_id=134954]</p>


DASCO reveals Senso, Epping’s first resort-style apartment development

<p>Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.</p>

<p>Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.</p>

<p>The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of <strong>149,200 apartments</strong> across all capital cities.</p>

<p><img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" /></p>

<p>Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.</p>

<p>In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.</p>

<p><img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" /></p>

<p>“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.</p>

<p>"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”</p>

<p>The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.</p>


Build to Sell apartment supply drops 54% in five years across Australian capital cities

<p>Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.</p>

<p>The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."</p>

<p>Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.</p>

<p><img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" /></p>

<p>According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.</p>

<p>There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.</p>

<p>“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.</p>

<p>Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.</p>

<p>The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.</p>

<p>Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.</p>

<p>"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”</p>

<p><img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" /></p>

<p>Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.</p>

<p>Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.</p>

<p>[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”</p>


$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

<p>In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.</p>

<p><a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.</p>

<p>Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214444]</p>

<p>The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.</p>

<p>Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;</p>

<p>Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;</p>

<p>Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.</p>

<p>Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214435]</p>

<p>For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;</p>

<p>"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.</p>

<p>Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;</p>

<p>Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214432]</p>

<p>Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.</p>

<p>Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.</p>

<p>Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214452]</p>

<p>With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.</p>

<p>Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”</p>

<p>Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;</p>

<p>[smartcode_project:default project_id=138718 project_image_fid=214453]</p>

<p>Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.</p>

<p>The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;</p>

<p>Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.</p>

<p>With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.</p>

<p>[smartcode_project_cta:default project_id=138718]</p>


Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Brighton Beach

<p>The Melbourne-based developer Sunkin Group is seeing a high demand of sea and tree-changers in their bayside Brighton apartment development 448 Brighton.</p>

<p>The SJB-designed development of just 17 apartments at 448 St Kilda Street has seen&nbsp;buyers from Daylesford, Cape Schank and Point Lonsdale in recent months.</p>

<p>It&#39;s down to the location says Sunkin&#39;s Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.</p>

<p>&ldquo;We&rsquo;ve seen a real trend in buyers who are looking to have an inner-city base that doesn&rsquo;t mean giving up their regional home luxuries like space, views, and nature.</p>

<p>[smartcode_project:default project_id=31946 project_image_fid=168440]</p>

<p>&ldquo;Buyers need more space when working from home and that trend is evident with Melburnians fleeing to the seaside or country to get more space and fresh air,&quot; Dobson says.</p>

<p>&quot;These homes offer larger living spaces for people to enjoy and more space for those working from home.</p>

<p>Now 50 per cent sold since launching in December, 448 Brighton apartments feature&nbsp;premium Gaggenau and Bora appliances, Astra Walker tapware and marble bench tops and tiles. The courtyard apartments have landscaping by the renowned Jack Merlo Landscape Design.</p>

<p>[smartcode_project:default project_id=31946 project_image_fid=168441]</p>

<p>There are two and three bedroom apartments available starting from $980,000.</p>

<p>Three skyhome penthouses with rooftop entertaining terraces and sweeping views will soon launch.</p>

<p>[smartcode_project_cta: project_id=31946]</p>


It's down to the location, says Sunkin's Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.

448 Brighton apartments attracting lock up and leave sea and tree changers

<html><body>
<p>A Brighton local turned up to summer's first bathing box auction as a “tyre kicker”, but then spent $305,000 to buy it. </p>
<p>Michael Abell was the only bidder for bathing box 76D.</p>
<p>He'd almost bought one 25 years ago for $15,000. </p>
<p>Nick Johnstone Real Estate auctioneer Nick Johnstone wore boardshorts, thongs and a Santa hat for the occasion.</p>
<p><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/2019/12/12/Nick%20Johnston.jpg" alt=""></p>
<p>Johnstone made a $300,000 vendor bid before Abell's $305,000 offer.</p>
<p>The sale was negotiated after the property passed in. </p>
<p>The bathing box was finished last month as part of a Bayside Council masterplan for the beachfront. </p>
<p>The<em> Herald Sun</em> reported council’s corporate services director Jill Colson said there are no further plans for any more bathing boxes. </p>
<p>A bathing box at 76C sold for $337,000 about 18 months ago close to the peak of the market, and 76B sold for $318,000 the same day. </p>
</body></html>

wdavis-8cCN98p7xp

Local buys freshly built Brighton bathing box 

<html><body><div title="Page 1">
<p>Melbourne secured the nation's strongest weekend auction success rate which included a record $337,000 auction price for a Brighton beach bathing box.</p>
<p><a href="https://www.realestate.com.au/property-house-vic-brighton-128010046" target="_blank">Bathing box 76B</a> was a “surprise” purchase for his family by a grandfather of 10.</p>
<p>The red and white striped bathing box sold along with the neighbouring box, another recently built by the Bayside council, No. 76C, which sold for $320,000.</p>
<div>
<p>“(This is for) my children and 10 grandchildren. We’ll spend weekends here.</p>
<p>“There’s no better place than this," he told the Herald Sun.</p>
<p>Both offerings, about 6mx4m in size, had reserves of $290,000. </p>
<p>Auctioneer Nick Johnstone said both required to pay GST on top of the purchase prices.</p>
<p>The previous highest reported price for Dendy Street beach was $326,000, achieved by box 85, which Johnstone sold just before Christmas in 2016.</p>
<p>Box 60 sold for an undisclosed figure above $330,000 in 2017. </p>
<p>The council has built and auctioned one or two boxes a year since 2013 as part of a project to fill in gaps between the existing ones and raise money to better the beach.</p>
<p>Only Bayside residents and ratepayers can purchase the Brighton sand shacks.</p>
<p>Melbourne's top notified sale was at Mount Eliza at $3.59 million.</p>
<p>The <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-127979866" target="_blank">four bedroom 1928 bungalow,</a> set on 1250sqm, above the Moondah Beach bathing boxes , had been held for three generations.</p>
<p>Its stately lounge room came with intact period details that include decorative timber panelling and rarely encountered ceiling molds depicting native wildlife.</p>
<p>The home at 6 Kunyung Road was listed with $2.5 million to $2.75 million price guidance through Vicki Sayers at RT Edgar.</p>
<p>Its price guidance was based on three 2018 sales on the clifftop location. </p>
<div title="Page 1">
<table>
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<col>
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</colgroup>
<tbody>
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<td>
<div>
<div>
<p>1  28 Kunyung Road Mount Eliza 3930</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>$2,625,000</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>06/02/2018</p>
</div>
</div>
</td>
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<div>
<div>
<p>2  21 Matong Road Mount Eliza 3930</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>$1,850,000</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>08/02/2018</p>
</div>
</div>
</td>
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<div>
<div>
<p>3  2-4 Kunyung Road Mount Eliza 3930</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>$4,100,000</p>
</div>
</div>
</td>
<td>
<div>
<div>
<p>22/01/2018</p>
</div>
</div>
</td>
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</tbody>
</table>
</div>
<p>It did not come with a bathing box.</p>
<p>Melbourne saw an increase in clearance rate and volumes with a total of 1,326 Melbourne homes taken to weekend auction returning a preliminary clearance rate of 65.5 per cent, up on the 63.6 per cent last week when a lower 914 auctions were held.<br><br>The sales included a record price at Cranbourne North.</p>
<div>Tulliallan, the Georgian-style mansion at <a href="https://www.realestate.com.au/property-house-vic-cranbourne+north-127922766" target="_blank">160 Wheelers Park Drive</a> fetched $2.35 million when sold to a Narre Warren South family.</div>
<div> </div>
<div>There had been $1.8 million to $1.98 million price guidance for the six-bedroom, five-bathroom residence on 3200sq m of parklike grounds.</div>
<div> </div>
<div>Melbourne's cheapest result was <a href="https://www.realestate.com.au/sold/property-apartment-vic-essendon+north-127980890" target="_blank">11/3 Royal Av, Essendon North</a> which fetched $215,000.</div>
<div> </div>
<div>The price guide had been $200,000 to $220,000 for the recent $210 a week studio rental.</div>
<div> </div>
<div>It last sold at $150,000 in 2006.</div>
<div> </div>
<div>It was not the cheapest across the nation as there was a $185,000 sale in Adelaide.</div>
<div> </div>
<div>The <a href="https://www.realestate.com.au/property/1-desmond-rd-hackham-sa-5163" target="_blank">1 Desmond Rd, Hackham</a> offering has previously traded at $215,000 in 2009.</div>
<div>
<p>The double brick Hackham home was marketed as being in very average condition, so there was opportunity to either renovate or knock the house over and build two properties.</p>
<p>Nationally the number of homes taken to auction across the combined capital cities rose this week, with a total of 2,539 held, according to Corelogic.</p>
<p>The higher volumes returned a preliminary clearance rate of 62.5 per cent. Last week, there were 1,799 capital city auctions returning a 62.2 per cent final clearance rate.</p>
<p>More homes in Sydney went to auction this week at 805 compared to 551 last week.</p>
<p>Sydney's cheapest sale was $366,000 at Lakemba.</p>
</div>
</div>
<p>The two bedroom <a href="https://www.realestate.com.au/property-unit-nsw-lakemba-128009818" target="_blank">2/61 Colin Street </a><a href="https://www.realestate.com.au/property-unit-nsw-lakemba-128009818" target="_blank">ground floor unit</a> had traded at $299,000 in 2005.</p>
<div>As volumes rose across Sydney this week, the preliminary clearance rate dropped below 60 per cent for the first time since the first week of February.</div>
<div> </div>
<div>The preliminary clearance rate showed 59.8 per cent, however this will likely revise lower as unreported results are finalised.</div>
<div> </div>
<div>Some 74 offerings were withdrawn from Sydney auction.</div>
<div> </div>
<div>They included a Canada Bay property associated with the family of the bankrupted property developer Salim Mehajer which was pulled from weekend auction.
<p>The family’s Canada Bay investment property site has a rundown 1970s home at <a href="http://www.timerealty.com.au/1P0567" target="_blank">555 Lyons Road West.</a></p>
<p>The auction sign had “withdrawn” slapped across the sign.</p>
<p>Canada Bay Council had rejected Mehajer’s plans.</p>
<p>Channel 7 reported the inner-west plot was bought in 2015 for $1.4million but revised plans to build a multi-storey home with views over the Parramatta River failed to proceed after 22 neighbours in total objected to the development application.<br><br>“We’ve had an offer, but it wouldn’t be accepted,” Century 21s Fay Petrou told The Sunday Telegraph.</p>
<p>The property developer and former deputy mayor of defunct Auburn council rose to prominence in 2015 for his lavish wedding to now ex-wife Aysha.</p>
<p>The weakest Sydney region was Blacktown at 22 percent.</p>
</div>
<div> </div>
<div>Canberra's top sale was secured pre-auction when $2.2 million was paid for <a href="https://www.realestate.com.au/sold/property-house-act-narrabundah-128039250" target="_blank">58 Sprent Street, Narrabundah</a>
</div>
<div> </div>
<div>Canberra returned a lower 64 percent clearance rate.</div>
<div> </div>
<div>Brisbane's top sale was also a pre-auction result.</div>
<div> </div>
<div>The renovated and extended 1900 Queenslander style home at <a href="https://www.realestate.com.au/property/115-elizabeth-st-toowong-qld-4066" target="_blank">115 Elizabeth Street, Toowong</a> sold at $1,715,000 through Adcock Prestige.</div>
<div> </div>
<div>It had around 525 sqm living space.</div>
<div> </div>
<div>CoreLogic calculated Brisbane's clearance rate at 54 percent.</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Brighton bathing box, plus Cranbourne North sales among weekend auction records

<html><body>
<p>Investors looking to snap up a slice of one of Melbourne’s most iconic landmarks may be about to run out of time.</p>
<p><a href="https://www.realestate.com.au/property-house-vic-brighton-128010046" target="_blank" title="www.realestate.com.au">76B and 76C Dendy Street Beach</a> in Brighton are set to go under the hammer, with price hopes in excess of $280,000 each, through Nick Johnstone director Nick Johnstone.</p>
<p>But the auction may be some of the final lots for the beach’s famous bathing boxes.</p>
<p>Bayside City Council have said that after the slated April auction of two bathing boxes at Dendy Street Beach, only one more will be built and sold during the 2018/2019 financial year.</p>
<p>“As part of its 2013 Dendy Street Beach Masterplan, Council proposed to construct eight additional bathing boxes at Brighton’s iconic Dendy Street Beach,” Bayside City Council acting director of corporate services Bill Shanahan told the <em>Herald Sun</em>.</p>
<p>“Since this time Council has built and auctioned one to two bathing boxes each year.</p>
<p>“Council does not have plans to construct any further bathing boxes at Dendy Street Beach following the completion of the current program.”</p>
<p>The original objective of the construction program was to fill in gaps between existing boxes, Brighton Bathing Box Association secretary John Rundle said.</p>
<p>“We have a neutral stance as to whether any more should be built,” Rundle said.</p>
<p>“We supported the infill objectives, and I don’t know if they could fit too many more in down that end of the beach.</p>
<p>“I’m not sure we’ll see any more built in the foreseeable future.”</p>
<p>Johnstone says that Brighton beach boxes are a rare opportunity to buy the boxes which are often held by families across generations.</p>
<p>“They’re a fantastic lifestyle opportunity, with great scope for capital growth; in my opinion they’re still undervalued when you compare them to some along the Mornington Peninsula,” he said.</p>
<p>Bayside residents and rate payers are the only people permitted to purchase the beach boxes.</p>
<p>The auction is scheduled for on Saturday, April 28.</p>
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