<p><a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.</p>

<p>A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.</p>

<p>Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360965]</p>

<p>“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.</p>

<p>From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.</p>

<p>The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360981]</p>

<p>Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.</p>

<p>A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.</p>

<p>Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360966]</p>

<p>Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.</p>

<p>“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.</p>

<p>Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360969]</p>

<p>Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.</p>

<p data-end="8307" data-start="8063">The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.</p>

<p data-end="8543" data-start="8312">“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”</p>

<p data-end="8915" data-start="8548">The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.</p>

<p>The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.</p>

<p>[smartcode_project_cta:default project_id=149670]</p>


Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

<p>A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.</p>

<p>The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.</p>

<p>Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.</p>

<p>The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.</p>

<p>The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" /></p>

<p>Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.</p>

<p>Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.</p>

<p>The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."</p>

<p>The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" /></p>

<p>Campbelltown has been starved of new residential developments in the last decade.</p>

<p>The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.</p>


First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

<p>
<style type="text/css">
</style>
</p>

<p>A 60-apartment building nine storeys tall would be a rarity almost anywhere along this stretch of Moreton Bay, but that's exactly what's been lodged for a modest Deception Bay street better known for its single-storey weatherboard homes.</p>

<p><a href="https://www.apartments.com.au/developers/sherlock-construction-homes">Sherlock Construction Homes</a> is seeking to push Deception Bay’s emerging medium-density housing profile higher, lodging plans for a nine-storey apartment building near the suburb’s shopping centre and foreshore.</p>

<p>Dubbed Grosvenor Apartments, the proposal at 14-20 Grosvenor Terrace would replace two detached homes with a new building designed by&nbsp;<a href="https://www.apartments.com.au/architects/mode">Mode Design</a>&nbsp;which would&nbsp;reach nearly 30 metres, well above the site’s mapped 21-metre building height.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="86c21a25-5a97-4ca7-a361-80757137ea5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%20front.png?VersionId=aXIujfvEhH33sLHOEjHFv9Ii6qxSvAF4" /></p>

<p>The apartment mix is weighted toward larger homes, with 14 three-bedroom apartments, 31 two-bedroom apartments and 15 one-bedroom apartments. Six apartment types are spread across the floors, ranging from 66 sqm one-bedroom units through to three-bedroom apartments of 116 sqm, most with private balconies or terraces.</p>

<p>Levels one through seven follow a consistent layout of six to eight apartments per floor arranged around a central lift and stair core, with the top floor, level eight, trading one apartment for a landscaped community breakout space rather than repeating the standard layout below.</p>

<p>Ground floor is dedicated to arrival and services, with a lobby, mailroom and manager's office, alongside 91 car spaces.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="b098bde0-5fe1-4e6c-9601-e5446612e5fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20podium.png?VersionId=A0hfENMNxSxkfh9Jl6D4WJ9XIraeOukA" /></p>

<p>Mode Design's brief describes a "serene coastal-inspired design blending soft curves, natural textures and light-filled spaces to reflect the relaxed Deception Bay lifestyle."&nbsp;</p>

<p>The material palette leans on white and grey render, timber-look aluminium screening and stacked-brick-look finishes, with hanging greenery and vine planting proposed across balcony edges and ground-level walls.&nbsp;</p>

<p>Balconies feature asymmetrical geometries intended to vary the building's rhythm rather than repeat a single module up the tower, while lush planting is concentrated over the entry and level one balconies to soften the building's base.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="c05c5693-3e00-42d0-b075-55c36094f4db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%201.png?VersionId=cMKJgBsBaaVCd2dA5O22SOT38OT_.BPA" /></p>

<p>The design evolved following an April 2025 prelodgement meeting with council. At that stage, the project was conceived as a seven-storey building containing 45 apartments. The subsequently lodged scheme increases the development to nine storeys and 60 apartments while introducing one-bedroom residences to the mix.</p>

<p>Zone Planning argues the additional scale reflects the site's position within an area earmarked for increased residential intensity. The planning report points to the North Lakes-Redcliffe-Moreton Bay Rail corridor strategy, which identifies Deception Bay as a district-level activity centre and supports greater housing choice within urban neighbourhoods.</p>

<p>Market Square Deception Bay, Deception Bay Sports Centre, Deception Bay State School, public transport, community facilities and the Moreton Bay foreshore are all identified within approximately one kilometre of the site, while the property falls within a 400-metre walking catchment of Market Square.</p>

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

<p data-end="587" data-start="368">Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.</p>

<p data-end="778" data-start="589">The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.</p>

<p data-end="907" data-start="780"><a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.</p>

<p data-end="1052" data-start="909">The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.</p>

<p data-end="1311" data-start="1054">The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.</p>

<p data-end="1451" data-start="1313">The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.</p>

<p data-end="1676" data-start="1453">MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.</p>

<p data-end="1908" data-start="1678">Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.</p>

<p data-end="2142" data-start="1910">The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.</p>

<p data-end="2142" data-start="1910"><img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" /></p>

<p data-end="2308" data-start="2144">MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.</p>

<p data-end="2648" data-start="2310">"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.</p>

<p data-end="2797" data-start="2650">"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."</p>

<p data-end="2938" data-start="2799">The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.</p>

<p data-end="3216" data-start="2940">Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.</p>

<p data-end="3325" data-start="3218">Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.</p>

<p data-end="3442" data-start="3327">"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.</p>

<p data-end="3662" data-start="3444">"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."</p>

<p data-end="3818" data-start="3664">MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.</p>

<p data-end="4076" data-start="3820">"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.</p>

<p data-end="4375" data-start="4078">"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."</p>

<p data-end="4503" data-start="4377">Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.</p>

<p data-end="4741" data-start="4505">"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."</p>

<p data-end="4910" data-start="4743">The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.</p>

<p data-end="4951" data-start="4912">MAYD is targeting an early 2027 launch.</p>


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

<main data-perf-region="main">
<p data-end="600" data-start="394">Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.</p>

<p data-end="733" data-start="602">But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.</p>

<p data-end="970" data-start="735">Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.</p>

<p data-end="970" data-start="735">[smartcode_project:default project_id=152737 project_image_fid=377679]</p>

<p data-end="1159" data-start="972">The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.</p>

<p data-end="1357" data-start="1161">It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.</p>

<p data-end="3400" data-start="3216">[smartcode_project:default project_id=152737 project_image_fid=377675]</p>

<p data-end="3400" data-start="3216">Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.</p>

<p data-end="1664" data-start="1517">Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.</p>

<p data-end="1826" data-start="1666">Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.</p>

<p data-end="1826" data-start="1666">[smartcode_project:default project_id=152737 project_image_fid=377685]</p>

<p data-end="2045" data-start="1828">Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.</p>

<p data-end="2269" data-start="2047">"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.</p>

<p data-end="2430" data-start="2271">A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.</p>

<p data-end="2606" data-start="2432">It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.</p>

<p data-end="2724" data-start="2608">At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.</p>

<p data-end="2892" data-start="2726">Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.</p>

<p data-end="2892" data-start="2726">[smartcode_project:default project_id=152737 project_image_fid=377680]</p>

<p data-end="3004" data-start="2894">Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.</p>

<p data-end="3214" data-start="3006">"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.</p>

<p data-end="3400" data-start="3216">The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.</p>

<p data-end="3400" data-start="3216">More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.</p>

<p data-end="3670" data-start="3538">&nbsp;</p>

<p data-end="3670" data-start="3538">[smartcode_project_cta:default project_id=152737]</p>

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>


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

Clearance Rate

<html><body><div id="ucs" class="mw">
<div class="std uc card-section f ucm">
<div class="std uc card-section f ucm">A knockdown house in Melbourne's Armadale that sold for $7.8 million last November attracted a $5.7 million top bid at its weekend auction.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">
<a href="https://www.realestate.com.au/property-house-vic-armadale-129474474" target="_blank">The four-bedroom, two-bathroom house</a> on a 1210-square metre block now comes with a $6.2 million asking price.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Reports when it sold last November for $7.8 million indicated<span> a crowd of 80 onlookers watched three bidders – all developers – slug it out for the large 1920s residence</span>.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">The property was auctioned last year by RT Edgar with the buyer then losing the deposit.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Quoted at $7 million, RT Edgar auctioneer Mark Wridgway sold the deceased estate at $500,000 above reserve.</div>
<div class="std uc card-section f ucm">
<p>The property went to a late bidder at its 2017 auction who stepped into the ring just before the listing was declared on the market at $7.325 million.</p>
<p>The four-bedroom house with extensive rear grounds was signalled as set to get a cosmetic renovation before being redeveloped at a later date as a single new home.</p>
</div>
<div class="std uc card-section f ucm">The weekend auction was conducted by Marshall White.</div>
<div class="std uc card-section f ucm">  </div>
<div class="std uc card-section f ucm">It last sold in 1976 for $130,000.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Television viewers might think that Melbourne real estate is still very strong as all five apartments in The Block Gatwick sold under the hammer at weekend auction.</div>
<div class="std uc card-section f ucm">
<div class="page" title="Page 1">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>But its 100 percent success rate achieved by the Channel Nine renovation series was not reflected in reality, as just short of half of Melbourne vendors secured their own home sale at weekend auctions.</p>
<p>St Kilda's other six apartment weekend offerings saw just two sales.</p>
<p>The St Kilda auction success rate over the September quarter was calculated a 51 percent clearance rate by CoreLogic.</p>
<p>The national weekend auction levels sat the highest level since March with 2,919 homes taken to auction across the combined capital cities.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/29/CL-stats.jpg" target="_blank">to enlarge.</a></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/2018/10/29/CL-stats.jpg" alt=""></p>
<p>The higher volumes were largely due to Melbourne vendors who are rushing to auction prior to the Melbourne Cup Carnival slowdown where volumes will temporarily wane.</p>
</div>
</div>
</div>
</div>
Melbourne's top sale was in Brighton where a distinctive French Provincial style home sold for $6.1 million (below).</div>
<div class="page" title="Page 1"> </div>
<div class="page" title="Page 1"><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/2018/10/29/bright.jpg" alt=""></div>
<p data-reactid="433">The price guidance had been $5 million to $5.2 million for <a href="https://www.realestate.com.au/property/4-moule-ave-brighton-vic-3186" target="_blank">the house with 60 squares of internal living</a>.</p>
<p data-reactid="433">It was marketed as having "meticulous finishes and versatile, gallery-inspired spaces."</p>
<p data-reactid="433">It came with six bedrooms and five bathrooms.</p>
<p data-reactid="433">The house previously sold for $3,500,000 in March 2006.</p>
<p data-reactid="433">There was a $5.85 million result at 37 Elizabeth Street, Malvern of a <a href="https://www.realestateview.com.au/real-estate/37-elizabeth-street-malvern-vic/property-details-sold-residential-12146799/" target="_blank">Nicholas Day-designed home</a> (below).</p>
<p data-reactid="433"><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/2018/10/29/Malvern1.jpg" alt=""></p>
<p data-reactid="433">It had $5 million to $5.5 million price guidance from Jellis Craig.</p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Melbourne was host to 1,706 auctions making it the second busiest weekend this year.</p>
<p>The preliminary Melbourne results show a clearance rate of 49.8 per cent, up from the revised 45.7 per cent outcome on the prior weekend, which was the lowest clearance rate seen since June 2012.</p>
<p>Over the same week last year, the Melbourne auction clearance rate was significantly higher with 70 per cent of the 1,983 auctions returning a successful result.</p>
</div>
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>There were 796 auctions held in Sydney, up from 675 last week, although substantially lower than the 1,215 homes taken to auction this time last year.</p>
<p>Corelogic put the preliminary results at 50.7 per cent, up from the revised 44.6 per cent last week which had seen an initial 52 percent preliminary rate.</p>
<p>"The final auction clearance rate has been sitting below 50 per cent for four consecutive weeks now, and it is likely to be the case again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.</p>
<p>Sydney one year ago had a clearance rate of 58.3 per cent.</p>
<p>The highest Sydney weekend sale was the five bedroom Yarrawin, at <a href="https://www.realestate.com.au/property-house-nsw-darling+point-129472518" target="_blank">13 Etham Avenue, Darling Point</a>, (below) which sold at its $5 million reserve shortly after its auction.</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/2018/10/29/darling.jpg" alt=""></p>
<p>Across the smaller auction markets, preliminary results show a weekly improvement in clearance rates across all cities except Brisbane.</p>
<p>But only Adelaide's 67 percent success rate sits higher than the same time last year when it was 62 percent.</p>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Armadale trophy home site listing sees possible $2.1 million price fall

<html><body>
<p>The combined national capital cities returned a final auction clearance rate of just 46 percent over the last week.</p>
<p>It was weighed down by a particularly weak performance from Sydney of 44 percent.</p>
<p>The initial clearance rate advisory from CoreLogic last weekend was 52 percent.</p>
<p>It marked the fourth consecutive week where the combined capital city auction clearance rate fell below 50 per cent.</p>
<p>In Sydney, the final auction clearance rate fell slightly to 44.6 per cent last week, down from 45.1 per cent the previous week.</p>
<p><img src="https://www.urban.com.au/images/2018/10/25/CL%2021%20OCT%20Clearanct%20Rates%202.JPG" alt=""></p>
<p>There were 675 Sydney auctions held last week, increasing from the 647 the previous week, however lower than the 823 last year when a higher 61.3 per cent sold.</p>
<p>Geelong was the best performing non-capital city region last week, with 48.2 per cent of the 34 auctions successful. However, the Hunter region was host to the highest number of auctions (59).</p>
<p>There were 2,139 total homes taken to auction, having increased on the 1,851 auctions held over the week prior when a higher 47 per cent cleared. This week last year, 2,519 homes were taken to auction across the combined capitals returning a final auction clearance rate of 64.7 per cent.</p>
<p><img src="https://www.urban.com.au/images/2018/10/25/CL%2021%20OCT%20Clearanct%20Rates%201.JPG" alt=""></p>
<p>The region with the lowest clearance rate was also in Sydney, it was Sutherland.</p>
<p>Sutherland had a clearance rate of just 29.2 percent on 24 homes.</p>
<p>Indicative of Sutherland's low clearance rate is <a href="https://www.realestate.com.au/property-house-nsw-gymea+bay-129415314" target="_blank">222 Ellesmere Road, Gymea Bay </a> (pictured above).</p>
<p>With an asking price of $1,250,000 the three bedroom one bathroom home was passed in.</p>
<p>The home is set on 556 sqm and features a one car garage.</p>
</body></html>

Sydney at 44% in updated weekend auction clearance rates

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>A turreted beachfront terrace on Port Phillip Bay topped the nation's weekend auction sales, as clearance rates tumbled across the capital cities.</p>
<p>Sydney's weekend clearance rate dropped to 44 percent according to Domain, with Melbourne not faring too much better at 48 percent.</p>
<p>The deterioration had market watchers anticipate auction clearance rates dipping into the 30s. </p>
<p><img src="https://www.urban.com.au/images/2018/10/22/CL%20OCT%2020%20Auctions.JPG" alt=""></p>
<p>SQM's Louis Christopher noted three previous times when Sydney auction clearance rates sunk into the 30s.</p>
<p>"That was in October/November 2008 during the GFC, May 2004 after the NSW vendor stamp duty was introduced and July 1989 when the cash rate hit 17 percent."</p>
<p>Domain chief analyst Nicola Powell said the trend suggested there would not be any improvement before the year is out.</p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"I think this is what we are going to see for Sydney for the rest of the year," she told Fairfax Media.</p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1"><span>Dr Andrew Wilson at My Housing Market advised the marketed had "plunged to new depths" on Saturday in the toughest market conditions since the economic shock of the GFC.</span></p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1"><span>"<span>A rising crisis of confidence is now gripping markets with buyer and seller wariness," he noted.</span></span></p>
<p>CoreLogic noted there had been increase in auction volumes with 2,119 homes taken to auction across the capital cities, up from 1,851 over the previous week.</p>
<p>But it was still lower than the same time last year when 2,519 auctions were listed.</p>
<p>Preliminary CoreLogic results showed a clearance rate of 49.8 per cent across the capital cities, considerably lower than the 64.7 percent in mid-october last year.</p>
<p>"It marked the fourth consecutive week where the clearance rate has been below 50 per cent," Kevin Brogan noted.</p>
<p><span>Melbourne was host to 1,088 auctions</span>.</p>
<p>The most expensive home sold in Melbourne was a four-bedroom terrace house with rooftop turrets at <a href="https://www.realestateview.com.au/real-estate/213-beaconsfield-parade-middle-park-vic/property-details-buy-residential-12112349/" target="_blank">213 Beaconsfield Parade, Middle Park</a> (top) for $5.3 million after a $5.1 million opening vendor bid which was matched by a bidder.</p>
<p><span>Two other parties had flagged interest, but chose not to bid, and, after post auction negotiations, the sole bidder raised the offer by $200,000.</span></p>
</div>
</div>
</div>
</div>
<p>The iconic beachfront home has a distinct heritage facade with a castle-like top providing the crowning glory to the traditional terrace.</p>
<p>There was only one bidder for the restored Victorian era residence with a contemporary B.E Architecture update on its 319 sqm lot.</p>
<p><span><span><span>There had been $5 million to $5.5 million price guidance of the once once owned in the early 1990s by the</span></span></span> IVF pioneer Professor Carl Wood who had paid $465,000 in 1990.</p>
<p><span><span><a href="https://www.realestateview.com.au/real-estate/33-35-mount-street-eaglemont-vic/property-details-buy-residential-12126177/" target="_blank">St Clair</a> (below), a landmark 1934 Eaglemont offering did not sell.</span></span></p>
<p><span><span><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/2018/10/22/Eagle.jpg" alt=""></span></span></p>
<p>The lofty 2261-square-metre offering atop Mount Eagle now comes with a $3.9 million asking price through Nelson Alexander agent Gordon Hope who had initial $3.8 million to $4 million price guidance.</p>
<p>The house at 33-35 Mount Street last sold in 1994 at $620,000.</p>
<p>In the race to auction pre-Cup Day, the Real Estate Institute of Victoria are expecting more than 1600 homes on Saturday, including the five apartment in The Block Gatwick renovation in St Kilda. </p>
<p>There were 659 auctions held in Sydney on the weekend.</p>
<p>"It is interesting to note that fewer Sydney properties sold prior to auction," CoreLogic's Kevin Brogan said, reflecting on "the softening market."</p>
<p>Sydney's highest sale was <a href="https://www.realestate.com.au/property-house-nsw-pymble-129382210" target="_blank">19 Bannockburn Road, Pymble</a> (below), which sold for $3.35 million.</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/2018/10/22/Pymble.jpg" alt=""></p>
<p>The 1940s house had been extended and renovated over the years into a single level four bedroom, three bathroom offering.</p>
<p>The nation's cheapest result was $105,000 for a three bedroom house in Adelaide, according to Domain.</p>
<p><span>The <a href="https://www.realestateview.com.au/real-estate/6-redcliffe-street-davoren-park-sa/property-details-buy-residential-12128932/" target="_blank">6 Redcliff Street, Davoren Park offering</a> was a mortgagee sale.</span></p>
<p><span>It had sold at $105,000 in 2007.</span></p>
<p><span>In 2013 it was a $210 a week rental.</span></p>
</body></html>

jchancellor-FAypfDUnLy

Spring auctions could slump into the 30s

<html><body>
<p>Of all the capital cities, Perth remains the one with the weakest clearance rate.</p>
<p>The initial results came in at 13 percent of the homes listed for weekend auction.</p>
<p>Some 32 homes were taken to auction in Perth but only two were confirmed as sold in the 15 available auction results.</p>
<p>There were some 17 auction results still unavailable.</p>
<p><img src="https://www.urban.com.au/images/2018/10/15/CL%20OCT%2014%20AUCTIONS%201.JPG" alt=""></p>
<p>This compares to an overall clearance rate of 50 percent on the 1,850 homes taken to auction across the combined capital cities this week.</p>
<p>Compared to last week, where the final auction clearance rate came in at 49.5 per cent across a slightly lower 1,817 auctions.</p>
<p><img src="https://www.urban.com.au/images/2018/10/15/CL%20OCT%2014%20AUCTIONS%203%20uncut.JPG" alt=""></p>
<p>In Perth <a href="https://www.realestate.com.au/property-house-wa-subiaco-129364294" target="_blank">10 Allora Avenue, Subiaco</a> (pictured above in title), did not sell despite the listing stating "MUST BE SOLD."</p>
<p>The four bedroom two bathroom house is set on a 309 sqm parcel and had no available asking price.</p>
<p><span>Last sold in 2015 for $1,475,000, the home has been on and off market since 2017 and was listed for rent at $1000 per week as recently as September.</span></p>
<p><img src="https://www.urban.com.au/images/2018/10/15/CL%20OCT%2014%20AUCTIONS%205.JPG" alt=""></p>
<p>Another home that was unsuccessful at auction in Perth this weekend is <a href="https://www.realestate.com.au/property-unit-wa-highgate-129322870" target="_blank">24/288 Lord Street, Highgate</a> (pictured above).</p>
<p>The "brand new" two bedroom, 1 bathroom unit built in 2015 was asking for offers around $369,000.</p>
<p>Set on 85 sqm the apartment that previously held that space sold for $485,000 in 2013, making this asking price a drop of over $100,000.</p>
<p><img src="https://www.urban.com.au/images/2018/10/15/CL%20OCT%2014%20AUCTIONS%206.JPG" alt=""></p>
<p>Even one of the properties that sold couldn't be classified as a success, <a href="https://www.realestate.com.au/property-house-wa-ascot-129333214" target="_blank">28 The Riverwalk, Ascot</a> (pictured above) was sold by the mortgagees for a loss.</p>
<p>The home sold for $900,000 a loss of $220,000 from its sale price of $1.12 million in 2007.</p>
<p>The four bedroom one bathroom house is set on a 495 sqm block and has been listed on and off since 2010.</p>
<p><img src="https://www.urban.com.au/images/2018/10/15/CL%20OCT%2014%20AUCTIONS%207.JPG" alt=""></p>
<p>The only other home to succeed in selling was a deceased estate located at <a href="https://www.realestate.com.au/sold/property-house-wa-marangaroo-129344830" target="_blank">39 Mereworth Way, Marangaroo</a> (pictured above).</p>
<p>Set on 720 sqm, the three bedroom one bathroom home is <span>zoned R20/40 and according to the listing has potential for 3 townhouse/units.</span></p>
<p><span>Last sold for $99,000 in 1989 the home was sold via an online auction.</span></p>
</body></html>

Perth agents secure just two sales in 13 percent weekend auction success rate

<html><body>
<p>More than half of the homes being auctioned over recent weekends are failing to sell under the hammer as home loans have become tougher to secure.</p>
<p>It seems set to happen for a third consecutive weekend, CoreLogic forecast after the initial weekend results.</p>
<p>But as the tide turns, the season’s first beach bathing box auction on Melbourne's Port Philip Bay saw a $230,000 sale (top).</p>
<div class="x_story-content">
<p>The sale was $15,000 above the reserve price for <a id="LPlnk428203" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-safety+beach-129325854" target="_blank" data-auth="NotApplicable">No. 47 beach box</a><a id="LPlnk257994" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-safety+beach-129325854" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>at Safety Beach, on the Mornington Peninsula.</p>
<div class="x_story-content">
<p>The auction kicked off with a $180,000 bid, with three bidders competing when auctioned through Ray White Rosebud agent Shane Fox.</p>
<p>There were 1,850 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 50.7 per cent.</p>
<div class="x_page" title="Page 1">
<div class="x_section">
<div class="x_layoutArea">
<div class="x_column">
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/15/Cap-Oct15.jpg" target="_blank">to enlarge.</a></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/2018/10/15/Cap-Oct15.jpg" alt=""></p>
<p>"It’s likely that the final result will see its usual downward revision as more results are collected and come in below 50 per cent for the third consecutive week," CoreLogic auction analyst Kevin Brogan said.</p>
<p>Last week, the final auction clearance rate came in at 49.5 per cent from 1,817 auctions.</p>
<p>Last year, both clearance rates and volumes were significantly higher with 67 percent of the 2,525 auctions finding buyers under the hammer.</p>
<p>Units were much more successful at weekend auction with 58 per cent selling, while only 48 per cent of houses sold, while the same week last year saw virtually the same success rate.</p>
<p>AMP Capital's chief economist Shane Oliver suggested the spring 2018 auction trend was consistent was "further falls in home prices."  </p>
</div>
<div class="x_column">
<p>There were 914 auctions held in Melbourne with a preliminary clearance rate of 52.1 per cent.</p>
<p>Deepdene had Melbourne's priciest result with a $2.7 million sale.</p>
<p>The home at <a id="LPlnk857606" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-deepdene-129323778" target="_blank" data-auth="NotApplicable">4 Abercrombie Street</a> (below) had been on the market several months ago initially with a $3 million price guide which was then reduced for the auction to $2.4 million to $2.6 million hopes.</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/2018/10/15/deepd.jpg" alt=""></p>
<p>Another sale was a Safety Beach waterfront vacant lot with its own pontoon and 15m berth</p>
<p>The block at <a id="LPlnk909652" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-vic-safety+beach-202220766" target="_blank" title="www.realestate.com.au" rel="noopener noreferrer" data-auth="NotApplicable">32 Clipper Quay, Safety Beach</a> in the Martha Cove estate sold at an undisclosed price having been listed with $1.795 million to $1,974,500 expectations.<span class="x_image-source"><br></span></p>
<p>The Prahran investment property of former WMTA Light Heavyweight World Thai boxing champion Nick ‘‘Special K’’ Kara remains for sale (below).</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/2018/10/15/kara.jpg" alt=""></p>
<p>Jellis Craig father-son agents Chris and Michael Hingston had a $1.25 million to $1.35 million price guide for its weekend auction.</p>
<p>The contemporary three bedroom Edwardian property at <a id="LPlnk535512" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/16-fern-avenue-prahran-vic/property-details-buy-residential-12107313/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">16 Fern Avenue</a> last sold at $322,500 in 1999.</p>
<p>Sydney was host to 645 auctions this week with preliminary results showing a clearance rate of 52 per cent.</p>
<p>Sydney's highest auction price was $4.35 million for a newly built house (below) at <a id="LPlnk620364" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/2-mirrabooka-avenue-strathfield-nsw/property-details-buy-residential-12113096/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Mirrabooka Avenue, Strathfield</a>.</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/2018/10/15/strath1.jpg" alt=""></p>
<p>The five bedroom, six bathroom home, on 700 sqm, came with a home theatre and a wine cellar.</p>
<p>Across the smaller auction markets, the highest preliminary clearance rate was recorded in Canberra where 63.6 per cent of the 55 reported auctions were successful, followed by Adelaide were 53.3 per cent of homes sold.</p>
<p>Brisbane, where there was a 35 percent clearance rate, secured the nation's cheapest home sale.</p>
<p>It was a $281,000 sale of three bedroom house at <a id="LPlnk599267" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-kallangur-129272198" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Boyanda Drive, Kallangur</a>.</p>
<p>The two level home is 25km to Brisbane City, and a short drive to the North Lakes City.</p>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

Safety Beach bathing box sale headlined weekend auction results

<html><body>
<p>Auction activity across the combined capital cities increased after last weekend's grand final and public holiday slowdown.</p>
<p>Some 1,809 homes taken to auction, almost doubling from the 895 prior tally last weekend.</p>
<p>The preliminary auction clearance rate was 53.7 per cent, well up on the final auction clearance rate of 45.8 per cent of the long weekend.</p>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/8/Logic-Oct8.jpg" target="_blank">to enlarge.</a></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/2018/10/8/Logic-Oct8.jpg" alt=""></p>
<p>It had been the lowest clearance rate seen since June 2012 when there was a 42 per cent result.</p>
<p>Compared to one year ago, clearance rates and auction volumes continue to track lower with the same week last year recording a 64.4 per cent clearance rate across 2,318 auctions.</p>
<p>Melbourne saw 904 homes taken to auction with a preliminary 54.4 per cent success rate.</p>
<p>The most expensive house sold in Victoria was <a href="https://www.realestateview.com.au/real-estate/14-christowel-street-camberwell-vic/property-details-sold-residential-12103593/" target="_blank">14 Christowel Street, Camberwell</a> (above) which fetched $3.125 million.</p>
<p>It was at the lower end of the Noel Jones agency price guidance which had been $3.1 million to $3.4 million.</p>
<p>The five bedroom 1920s home sat on 1172 sq m with towering Copper Beech tree in its front yard.</p>
<p>There was a blue slate fireplace in the 30 feet long grand sitting room.</p>
</div>
<div class="column">
<p>Sydney returned a preliminary auction clearance of 53.5 per cent with 606 Sydney homes taken to auction.</p>
<p>It's highest sale was $3.7 million pre-auction through Ray White of a grand 1930's Stockbroker Tudor style home at Warrawee.</p>
<p>Framed by parterre gardens, <a href="https://www.realestate.com.au/sold/property-house-nsw-warrawee-129265262" target="_blank">the five bedroom John Brogan designed home</a> at 32 Heydon Avenue (below) had last sold at $1.78 million in 2003.</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/2018/10/8/WARRA.jpg" alt=""></p>
<p>The dearest Sydney offering to sell under the auction hammer was at Bronte when a home last traded six decades ago fetched $3,565,000.</p>
<p>The four-bedroom property on a 452 sqm block at <a href="https://www.realestate.com.au/property-house-nsw-bronte-129260266" target="_blank">8 Gardyne Street </a>(below) fetched $65,000 above reserve.</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/2018/10/8/gardyne.jpg" alt=""></p>
<p class="standfirst-content">Phillips Pantzer Donnelley’s Alexander Phillips had three buyers register and all participated, but it was a struggle, The Sunday Telegraph reported.</p>
<p>Adelaide was the best performing capital city with a 66.1 per cent success rate across 62 auction results, followed by Canberra, where 63.9 per cent of the 61 reported auctions were successful.</p>
<p>Adelaide's offering fetched from the $305,000 pre-auction sale of the three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-sa-wingfield-129300854" target="_blank">15 Fourth Street, Wingfield</a> to $1,255,000 for the five bedroom house at <a href="https://www.realestate.com.au/property-house-sa-westbourne+park-129304790" target="_blank">53 Marlborough Road, Westbourne Park</a>, which had $990,000 price guidance</p>
<p>The 1968 single level brick Wingfield house had sold at $205,000 in 2007.</p>
<p>At $210,000, Brisbane's fringe had the cheapest reported result when <a href="https://www.realestateview.com.au/real-estate/22-ash-avenue-laidley-qld/property-details-buy-residential-12096015/" target="_blank">22 Ash Avenue, Laidley</a> found its buyer.</p>
<p>The four bedroom home was a mortgagee in possession offering.</p>
<p>It previously traded in 2009 at $129,000.</p>
<p> </p>
</div>
</div>
</div>
</div>
</body></html>

Auction levels bounce back

<html><body>
<div>
<p><span>Capital city buyers took a break from auctions on the long weekend, accompanied by a significant drop in auction listings.</span></p>
<p><span>But coastal offerings were much appreciated by buyers seeking cheaper dress circle opportunities.</span></p>
</div>
<p>There was a $726,000 auction sale at <a id="x_mcntLPlnk881881" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-wooloweyah-129200650" target="_blank" data-auth="NotApplicable">Wooloweyah near Yamba</a> (above) in northern NSW.</p>
<p>"Only two sales have taken place on the lakefront in Wooloweyah during the past two years," Ray White agent Daniel Kelly noted.</p>
<p>The three bedroom lakefront 131 Lakes Boulevard offering last sold in 2011 at $460,000 after 200 plus days on market.</p>
<p>Further north in tropical Queensland, a Kinka Beach waterfront reserve home near Yeppoon was snapped up for $245,000.</p>
<p>The three bedroom <a id="x_mcntLPlnk428438" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-qld-kinka+beach-129156442" target="_blank" data-auth="NotApplicable">886 Scenic Highway home</a> (below), on Shoal Bay, was offered for sale by mortgagees.</p>
<p>It had last sold at $320,000 in 2005.</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/2018/10/2/shoal.jpg" alt=""></p>
<p>"The highest home appears structurally sound and has plenty of internal space to make a full upgrade on the home worth while," Ray White agent Lindsay Lodrick suggested </p>
<p>Capital city auction activity took a back seat to the AFL and NRL Grand Finals, with buyer disinterest sending the preliminary combined capitals clearance rate below 50 percent for the first time since December 2012.</p>
<div class="x_mcntpage" title="Page 1">
<div class="x_mcntsection">
<div class="x_mcntlayoutArea">
<div class="x_mcntcolumn">
<p>Preliminary results showed a clearance rate of just 49 per cent, according to CoreLogic, down from 52 per cent last week.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/2/CL-Oct2.jpg" target="_blank">to enlarge.</a></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/2018/10/2/CL-Oct2.jpg" alt=""></p>
<p class="x_mcntstandfirst-content">Sydney’s auction clearance rate plummeted to 45 per cent, its lowest level in a decade.</p>
<p class="x_mcntstandfirst-content">There were just 380 Sydney auctions scheduled — well down on last Saturday’s super Saturday of 800.</p>
<p class="x_mcntstandfirst-content">CoreLogic auction commentator Kevin Brogan said the 45 percent result was based on the 223 that had been reported.</p>
<p class="x_mcntstandfirst-content">The preliminary clearance rate was 14 per cent down on prior Saturday.</p>
</div>
<div class="x_mcntcolumn">
<p>Melbourne saw the biggest drop in volumes with only 69 homes taken to auction returning a preliminary auction clearance rate of 55 per cent, while last week there were 1,160 auctions held and the final clearance rate came in at 53 per cent. </p>
<p>This time last year, 122 auctions were held across the city.</p>
<p>Real Estate Institute of Victoria figures show the number of auctions tumbled from 4132 in September 2017 to 3260 in September 2018, with fewer auctions on every weekend compared to a year prior.</p>
<p>Melbourne's top sale was at Templestowe Lower where a four-bedroom family home passed in at $1.25 million, but the sold for $1.28 million.</p>
<p>The <a class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-vic-templestowe+lower-129218522" target="_blank" data-auth="NotApplicable">369 George Street, Templestowe Lower</a> offering sold within its advertised price range of $1.19 million to $1.29 million.</p>
<p>The nation's top sale was the pre-auction sale of <a id="x_mcntLPlnk767878" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-lindfield-129259878" target="_blank" data-auth="NotApplicable">22 Gladstone Parade, Lindfield</a> (below) which saw $3.65 million secured by Savills agent Stephanie Hearn.</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/2018/10/2/lind.jpg" alt=""></p>
<p>The modern family home came with five bedrooms and five bathrooms.</p>
<p>CoreLogic noted it was one of 63 pre-auction deals secured by Sydney agents.</p>
</div>
</div>
</div>
</div>
<p>The highest sale under the hammer was on the Parramatta River at <a id="x_mcntLPlnk663968" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-chiswick-129147858" target="_blank" data-auth="NotApplicable">41 Burns Crescent, Chiswick</a> (below) which sold for $3,550,000.</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/2018/10/2/parra.jpg" alt=""></p>
<p>The property had been in the same family for 55 years — they’d built the house which attracted three bidders from the four registered parties.</p>
<p class="x_mcntstandfirst-content">The Sunday Telegraph reported the written reserve was adjusted lower and the buyer upped his offer by $50,000, sealing the deal with plans for rebuilding.</p>
<p>A six-bedroom, six-bathroom waterfront reserve home at <a id="x_mcntLPlnk375106" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-wollstonecraft-129141170" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">16 Mulray Ave, Wollstonecraft</a>, failed to sell at weekend auction with just the one registered bidder.</p>
<p>Its Stone agents Annika and Aaron Bongiorno had given a price guide of $5.7 million.</p>
<p>Brisbane had the nation's cheapest capital city outcome when $260,000 was paid for 12 Kirton St, Redbank Plains.</p>
<p><a id="x_mcntLPlnk208006" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-redbank+plains-129219718" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The three bedroom property</a> was marketed as needing some TLC.</p>
</body></html>

Capital city buyers take a break from auctions on long weekend

<html><body>
<div class="column">
<p class="first-para">Sydney’s auction clearance rate has officially fallen below 50 per cent, with fewer than half of the houses selling under the hammer, according to CoreLogic.</p>
<p class="first-para">Just 49 percent of the 170 notified results were sale successes, with 70 offerings yet to have their auction outcome reported.</p>
<p>Sydney apartments did perform a little better than houses coming in with a 56 percent success rate, according to CoreLogic.</p>
<p><img src="https://www.urban.com.au/images/2018/7/16/CL%20weekly%20update%201.JPG" alt="">Sydney's inner south west was the weakest region with a clearance rate of just 38 percent.</p>
<p>The Domain Group also reported a weakening clearance rate of 47.8 per cent from 347 scheduled auctions and its 198 reported Saturday results.</p>
<p>There were 1,172 homes taken to auction across the nation's capital cities, returning a preliminary national auction clearance rate of 55.8 per cent.</p>
<p>The volumes were down from the prior week's 1,411 auctions.</p>
<p>The revised clearance rate was 52.6 per cent.</p>
<p>Over the same week last year, auction volumes were higher with 1,627 homes returning a success rate of 69.4 per cent.</p>
<p>CoreLogic auction analyst Kevin Brogan noted the national average had remained within the low to mid 50 per cent range for nine consecutive weeks.</p>
<p><span>And in Sydney he said there had been three Saturday results revised to sub-50 percent within the period.</span></p>
<p>In Melbourne, Australia’s continued largest auction market, a preliminary auction clearance rate of 60 percent was recorded across 560 auctions, bouncing up from 56.1 per cent across a higher 631 auctions in the prior week.</p>
<p>One year ago, the clearance rate was a stronger 74.9 per cent across 756 auctions.</p>
<p>Melbourne's top reported weekend sale was at Lower Plenty where two developers completed.</p>
<p><img src="https://www.urban.com.au/images/2018/7/16/CL%20weekly%20update%202.JPG" alt=""></p>
<p><span>Glenauburn, a six bedroom home with p</span><span>olished timber floors, leadlight windows and doors, dark timber panelled walls, plate and picture rails, open fire places, decorative cornice and ornate, exquisitely detailed ceilings sits on a </span><span>huge 2611 sqm block.</span></p>
<p><span><span>There are "no heritage encumbrances in place," </span></span>Rocco Montanaro, from Morrison Kleeman, the selling agent advised.</p>
<p>The mooted <a href="https://www.realestateview.com.au/real-estate/26-28-glenauburn-road-lower-plenty-vic/property-details-sold-residential-11930364/" target="_blank">26-28 Glenauburn Road</a> price range was offered as between $2.2 million and $2.42 million.</p>
</div>
<div class="column">
<p>There were 403 Sydney auctions this week returning a preliminary auction clearance rate of 52.4 per cent, compared to 50.1 per cent across 552 last week, and 69.2 per cent across 609 auctions one year ago.</p>
<p>Results across the smaller auction markets were varied, with 67.5 per cent of homes successful at auction in Canberra, while Brisbane returned a preliminary clearance rate of 36 per cent.</p>
<p>Canberra's priciest result was $1,167,000 for a four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-act-o%27connor-128601662" target="_blank">6 Hemmant Street, O'Connor</a> (pictured above).</p>
<p>It last sold at $843,000 in 2012.</p>
<p>It sits on a <span>887 sqm block which has an official l</span><span>and value of $656,000.</span></p>
</div>
</body></html>

Sydney slips to sub-50 percent auction success rate

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<div title="Page 1">
<div>
<p>The top national result under the hammer was an 1880s Paddngton terrace that fetched $4.35 million.</p>
<p>Located at <a id="x_mcntLPlnk342147" href="https://www.realestate.com.au/sold/property-house-nsw-paddington-128430510" target="_blank">244 Moore Park Road</a>, the five bedroom home (above) had undergone a "luxurious renovation" since sold in 2010 at $1,815,000.</p>
<p>Council records show a $500,000 plus renovation was approved in 2013.</p>
<p>The Phillips Pantzer Donnelley selling agent Catherine Dixon had offered a $4 million buyers' guide.</p>
<p>There was a pool on the 278 sqm block offered by the owners of cosmetic firm the Manse Clinic, John and Naomi Obiri-Asare’</p>
<p>Only one buying party, a Surry Hills family, registered to bid.</p>
<p>In Melbourne the Fitzroy home of singer songwriter, Felix Riebl, a four-level townhouse (just off Brunswick Street, fetched $1.157 million at weekend auction.</p>
<p>Nelson Alexander Fitzroy auctioneer Arch Staver announced the property (below) on the market at $990,000 after a $900,000 opening vendor bid.</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/2018/7/2/reibl.jpg" alt=""></p>
<p>Riebl, who performed in Spain on the weekend while touring Europe, at the Clownia Festival in Cataluyna, had paid $615,000 for his first home, a modern home at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-fitzroy-128582174" target="_blank">327 Young Street</a>, in 2005 shortly after The Cat Empire's second album Two Shoes debuted at No.1 on the ARIA albums chart. </p>
<p>The auction result on the rental property came after competition between four bidders, according to the Herald Sun. </p>
<p>He is now looking for a family home, agent Arch Staver advised..</p>
<p>The agency had quoted a $900,000 to $990,000 buyers' guide.</p>
<p>Melbourne's top reported result was nearby when a four bedroom renovated home in Northcote fetched $2.42 million, after being declared on the market at $2.35 million.</p>
<p>The <a href="https://www.realestate.com.au/property-house-vic-northcote-128504190" target="_blank">77 Roberts Street</a> offering (below) was marketed by Jellis Craig as "boasting architect designed interiors."</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/2018/7/2/fitzroy.jpg" alt=""></p>
<p>The buyers' guidance had been $2.2 million.</p>
<p>Last traded at $550,000 in 2005, three buyers competed for the offering that sits within the Northcote High zone.</p>
<p>Domain advised the nation's weekend's cheapest sale was $351,000 in a pre-auction sale at West Footscray.</p>
<p>The price guidance on the two bedroom unit at 3/705 Barkly Street (below), listed through Galldon Real Estate, had been $315,000 to $346,000.</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/2018/7/2/footscray.jpg" alt=""></p>
<p>It had been advertised as a $290 a week rental in 2016. It sold at $300,000 in 2010 when offered as a $280 a week rental.</p>
<p>The last week of June saw fewer homes taken to auction, as the vendor hibernation continues.</p>
<p>CoreLogic calculated 1,669 auctions held across the combined capital cities, down from the 1,849 held over the week prior.</p>
<p><img src="https://www.urban.com.au/images/2018/7/2/CL%20Graph.JPG" alt=""></p>
<p>The preliminary clearance rate sat nationally at 56.7 per cent.</p>
<p>The year-to-date average of 60.5 per cent was a "very different result to the first half of 2017," CoreLogic auction analyst Kevin Brogan said.</p>
<p>There had been a 72.5 per cent success rate over the corresponding six month period last year.</p>
<p>"The 2018 auction market so far has demonstrated the weakening property market, with the success rate of auctions continuing to fall through the first half of the year; returning the lowest weekly clearance rates seen since 2012 as property values decline in turn," he said.</p>
<p>The unit market over the first six months of 2018 sat at 65.1 per cent; maintaining strength over the dearer detached house market where an average of 59.5 per cent of houses were sold in the past six months.</p>
</div>
<div>
<p>There were 795 Melbourne homes taken to auction this week, returning a preliminary auction clearance rate of 60.3 per cent.</p>
<p>Sydney’s preliminary clearance rate was 56.4 per cent with 631 auctions held. </p>
<p>Canberra was the best performing in terms of clearance rate with 65.6 per cent of auctions successful, while only 25 per cent of auctions cleared across Perth.</p>
</div>
</div>
<p> </p>
</div>
</div>
</div>
</div></body></html>

Paddington tops weekend auction results with weakening continuing across the capital cities

<html><body>
<p>The former Olympic team chef de mission, Kitty Chiller, sold her East Melbourne property, but only after negotiations followed its weekend auction.</p>
<p>The two-bedroom townhouse attracted just the one bidder, an increasing trend at auctions across the capital cities.</p>
<p>Listed with $1.75 million to $1.925 million guidance, Gary Peer agents Adam Paykel and Darren Krongold sold the 1975-built property after it was passed in at $1.66 million.</p>
<p>The sale price was not disclosed.</p>
<p><a id="x_mcntLPlnk582999" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-townhouse-vic-east+melbourne-128464106" target="_blank">The Hotham Street property</a> (top) had been tenanted for 16 years having been in her family since 1981 when it cost $128,000, The Herald Sun reported.</p>
<p>Even with four registered bidders, there were post-auction negotiations needed to secure a $2,425,000 Drummoyne sale in Sydney.</p>
<p>The three bedroom <a id="x_mcntLPlnk17429" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-drummoyne-128461950" target="_blank">9/68a-70 St Georges Crescent </a>penthouse (below) had been passed in at $2.3 million. The price guide had been $2.35 million.</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/2018/6/25/drum1.jpg" alt=""></p>
<p>Lynsey Kemp, of Belle Property negotiated a post-auction sale to a buyer from Hong Kong who plans to use the property as a Sydney base.</p>
<div class="x_mcntx_mcntpage" title="Page 1">
<div class="x_mcntx_mcntsection">
<div class="x_mcntx_mcntlayoutArea">
<div class="x_mcntx_mcntcolumn">
<p>The highest preliminary clearance rate was again recorded in Adelaide where 68 per cent of the 50 reported auctions were successful, followed by Canberra, where 65.2 per cent of the 46 reported auctions cleared.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/6/25/june-25.jpg" target="_blank">to enlarge.</a></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/2018/6/25/june-25.jpg" alt=""></p>
</div>
</div>
</div>
</div>
<p>There was an unusual auction occurrence when a Watson house sold for $761,000 under no-reserve auction conditions with the proceeds going to charity.</p>
<div>There were 25 registered bidders when an original 1960s Canberra red brick home which had a staggering 45 contracts issued during the Ray White campaign.</div>
<div> </div>
<div>Local Canberra man Lionel Moore, who passed away in March, willed his home to the children’s cancer charity, Camp Quality.</div>
<div> </div>
<div>The 664sq m property at <a id="x_mcntLPlnk952191" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-act-watson-128495578" target="_blank" rel="noopener noreferrer">5 Harding Street, Watson</a> (below) had been owned by Mr Moore for more than five decades.</div>
<div> </div>
<div><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/2018/6/25/watson.jpg" alt=""></div>
<div>
<div class="x_mcntx_mcntcolumn">
<p>The preliminary national clearance rate sat at to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent. </p>
<p>Auction volumes were lower over the week with 1,842 homes taken to auction across the capital cities, down from 2,002 last week as the winter hibernation sets in.</p>
<p>Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent. Over the same week last year, there were 1,047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.</p>
</div>
<div class="x_mcntx_mcntcolumn">
<p>There were 635 auctions held in Sydney returning a preliminary auction clearance rate of 55.3 per cent. </p>
<p>"This time last year, 68.2 per cent of the 939 auctions held were successful," CoreLogic auction analyst Kevin Brogan noted.</p>
</div>
</div>
<div>The nation's top seller was a pre-auction sale at Turramurra in Sydney's upper North Shore (below).</div>
<div> </div>
<div><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/2018/6/25/turra.jpg" alt=""></div>
<div>
<p>The double brick residence designed and built by Chateau Architects and Builders for its 1220sqm level block at <a id="x_mcntLPlnk484337" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property/29-trentino-rd-turramurra-nsw-2074" target="_blank" rel="noopener noreferrer">29 Trentino Road</a> sold for $4.3 million through Di Jones Real Estate.</p>
</div>
</body></html>

Clearance Rate

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Clearance Rate

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News