Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Joel Robinson

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

Clearance Rate

<html><body>
The latest release from CoreLogic suggests Sydney's auction clearance rate dropped in to the 40 percent bracket last weekend.
Preliminary statistics suggested they achieved a 55.8 percent clearance rate.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/cap-final.jpg" target="_blank">to enlarge.</a>
<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/2018/6/22/cap-final.jpg" alt="">
Brisbane also well below its initial results in to the 30s (below).
Adelaide's strong 72 percent clearance rate dropped two brackets in to the high 50s.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/18/cap-june18.jpg" target="_blank">to enlarge.</a>
<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/2018/6/18/cap-june18.jpg" alt="">
It was small spaces that were the headline at last weekends auctions.
A small one bedder at Kirribilli fetched $1.875 million.
This weekend national auction volume numbers are down considerably, while Victoria has the three busiest suburbs.
Clearance rates continue to nosedive and are reaching levels they haven't dropped to since 2012.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/CLEARANCE.jpg" target="_blank">to enlarge.</a>
<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/2018/6/22/CLEARANCE.jpg" alt="">
</body></html>

jrobinson-rf4aSBido9

Sydney clearance rate dropped into the 40s last weekend

<html><body>
It was a weak performance across the board for Sydney's sub-regions, with not a single area clearing over 60 percent on what was Sydney's lowest clearance rate of the year.
There were a handful of suburbs that cleared 55 percent. 
North Sydney and Hornsby was again the strongest performing sub-region. 
It had the highest clearance rate touching 60 percent, as well as having 67 more auctions than any other area.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/4/Sydney_June4.jpg" target="_blank">to enlarge.</a>
<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/2018/6/4/Sydney_June4.jpg" alt="">
xxxx sold
xxxxx also sold
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Sydney auction clearance rate into the low 50s

<html><body>
Sydney's city and inner south was its best auction performer last week, while the northern suburbs continue to carry the majority of the strong clearance rates.
The eastern suburbs has picked itself from its floor in recent weeks, securing nearer 70 percent.
Parramatta could only clear 34 percent of its weekend stock. Sydney's inner west was also a poor performer after clearing over 70 percent last week. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/28/sub-regions.jpg" target="_blank">to enlarge.</a>
<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/2018/5/28/sub-regions.jpg" alt="">
In Hornsby a three bedroom home sold for $1.13 million at auction, despite the agents heading in with a guide of $1.2 million (top).
Andrew Searle and Sandra Hughes-Searle from Belle Property sold the home at<a href="https://www.realestate.com.au/sold/property-house-nsw-hornsby-128265262" target="_blank"> 44 Old Berowra Road</a>.
In nearby Epping, Ross Mere, a four bedroom home on 820 sqm, fetched $1,955,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/29/Epping%20.jpg" alt="">
The home at<a href="https://www.realestate.com.au/sold/property-house-nsw-epping-128263094"> </a><a href="https://www.realestate.com.au/sold/property-house-nsw-epping-128263094" target="_blank">86 Essex Street</a> was sold by Catherine Murphy from The Agency- North.
It last traded for $820,000 in 2004.
 
 
 
 
 
 
 
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jonathanchancellor-7SQnKwU6yx

North of the bridge continues to keep Sydney above water 

<html><body>
The 2018 autumn selling season saw fewer bidders at its weekend auctions, which triggered a marked decline in clearance rates along with property prices beginning to fall.
On the final Autumn weekend, agents secured a national clearance rate of 59.7 per cent, according to CoreLogic, which was well down on summer's final weekend when 70.5 per cent of stock was sold in late February.
The gardening guru television host Brendan Moar is among the last minute Autumn listings with his Camperdown going to auction next weekend, before the cyclical winter listings hibernation takes effect from the June Queens Birthday long weekend.
Moar's four bedroom home is a fusion of futuristic modernist styles, according to the marketing by the BresicWhitney Glebe agents Chris Nunn and Nick Playfair.
They describe the home as a one-off poolside entertainer spanning three levels. 
A top floor master retreat comes with its own roof garden.
Moar paid $1,265,000 in 2009 for the home that is scheduled for June 2 auction with a price guide of $2.5 million.
The garden recently featured on The Living Room on Channel 10.
Sydney had the nation's dearest weekend result. It was a parkside lagoon four bedroom house at Manly (top).
The <a id="x_mcntLPlnk590898" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-manly-128275026" target="_blank" rel="noopener noreferrer">53 Eurobin Avenue offering</a> sold to a Singaporean, according to Fairfax Media, for $4.615 million just above its $4.5 million expectations through Clarke and Humel agent Michael Clarke.
Melbourne had the nation's cheapest sale.
The $225,000 sale was a <a id="x_mcntLPlnk235819" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/20-16-south-circular-road-gladstone-park-vic/property-details-buy-residential-11831239/" target="_blank" rel="noopener noreferrer">one bedroom unit at Gladstone Park</a>. The 20/16 South Circular Road offering (below) last sold in 2016 at $185,000. It had been listed with $190,000 to $209,000 price guidance.
<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/2018/5/28/glad.jpg" alt="">
It was offered on a secure fixed lease until January 2019 at $978 per calendar month. It comes with a covenant stating that its occupier - but not necessarily its owner - must be 55 years of age or older, the marketing agent advised.
<div class="x_mcntcq-article-content-paras x_mcntsection">
The most expensive Melbourne house was Granada, a five bedroom house at St Kilda (below). The <a id="x_mcntLPlnk541754" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/28-eildon-road-st-kilda-vic/property-details-sold-residential-11835567/" target="_blank" rel="noopener noreferrer">28 Eildon Road</a> property, a 1928 architect designed five bedroom Spanish Mission trophy home, sold through Marshall White for $4 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/28/st%20kilda1.jpg" alt="">
The buyers guide was $2.7 million to $2.9 million, with the property announced on the market at $3 million.
It last sold at $885,000 in 1998.
</div>
<div class="x_mcntcq-article-content-media x_mcntsection">Adelaide recorded the highest capital city clearance rate of 66 percent, with only 31 percent of homes sold in Perth.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Melbourne recorded a preliminary clearance rate of 60 per cent.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Sydney, with 808 auctions held across the city, returned a 62 per cent preliminary clearance rate.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">Click here <a href="https://www.propertyobserver.com.au/images/2018/5/28/May28_auctions.jpg" target="_blank">to enlarge.</a>
</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection"><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/2018/5/28/May28_auctions.jpg" alt=""></div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">CoreLogic auction analyst Kevin Brogan expected final results to be lower after unreported auctions were added to the calculation.</div>
<div class="x_mcntcq-article-content-media x_mcntsection"> </div>
<div class="x_mcntcq-article-content-media x_mcntsection">AMP Capital chief economist Shane Oliver told Domain that finalised clearance rates in the low 50 per cent range had been historically associated with falling prices.</div>
<div class="cq-article-content-media section"> </div>
<table border="0" cellspacing="0" cellpadding="5"><tbody>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">53 Eurobin Av, Manly NSW 2095, 4 br House, Clarke &amp; Humel Property Management Pty Ltd</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,615,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">28 Eildon Rd, St Kilda VIC 3182, 5 br House, Marshall White Bayside</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$4,000,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">9 Owen St, Goodwood SA 5034, 3 br House, Klemich Real Estate - RLA174424</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,010,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">107 Upper Lancaster Rd, Ascot QLD 4007, 4 br House, RW Ascot</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,550,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">9 Warramoo Cr, Narrabundah ACT 2604, 5 br House, Belle Property Kingston</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,578,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">20/68 Bayswater Rd, Rushcutters Bay NSW 2011, 0 br Studio, Laing+Simmons Potts Point</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$436,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">20/16 South Circular Rd, Gladstone Park VIC 3043, 1 br Unit, Barry Plant Gladstone Park</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$225,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">11 McNamara St, Modbury Heights SA 5092, 3 br House, Weeks &amp; Macklin</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$310,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">55 Bestman Av, Bongaree QLD 4507, 2 br House, RW Bribie Island</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$490,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">26/126 Thynne St, Bruce ACT 2617, 2 br Unit, LJH Belconnen</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$344,000 
</td>
</tr>
</tbody></table>
SOURCE APM
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j.ballantyne1990-6AQqhLzZaK

Autumn auctions sees price fall as clearance rate declines

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There were 669 auctions held in Sydney returning a preliminary auction clearance rate of 60.8 per cent, according to CoreLogic,compared to 57.5 per cent across 787 last week, and 74 per cent across 1,075 auctions one year ago.
Sydney's top sale was $4.86 million in Fairlight. The <a id="LPlnk188840" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-fairlight-128147582" target="_blank" rel="noopener noreferrer">58/1 Lauderdale Avenue apartment offering</a> (above) through Stone Real Estate agent Adam Moore was for the first time since construction three decades ago.
The four bedroom, four bathroom penthouse came with 436 sqm space. The price guide for the harbourfont home was $4 million to $4.4 million.
It last sold at $735,000 in 1987.
There were 2,089 homes taken to auction nationally across the combined capital cities, returning a preliminary auction clearance rate of 60.3 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.jpg" target="_blank">to enlarge.</a>
<a href="https://www.propertyobserver.com.au/images/2018/5/21/capitals_may21.jpg" target="_blank"><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/2018/5/21/capitals_may21.jpg" alt=""></a>
Last week, 2,279 auctions were held and the final clearance rate dropped to 58.2 per cent, the lowest clearance rate seen since December 2015.
Over the same week last year, auction volumes were higher with 2,824 homes going under the hammer across the combined capital cities, returning a clearance rate of 73.1 per cent.
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In Melbourne, Australia’s largest auctionmarket, a preliminary auction clearance rate of 64.2 per cent was recorded across 1,028 auctions this weekend, up from 59.8 per cent across 1,099 auctions last week, the lowest clearance rate the city has seen since Easter 2014.
One year ago, the clearance rate was a stronger 77.9 per cent across 1,326 auctions..
</div>
<div>
Melbourne's top sale was in Malvern East.
</div>
</div>
Kilburn, the five bedroom, four bathroom home on 920 sqm at <a id="LPlnk440955" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/56-kerferd-street-malvern-east-vic/property-details-buy-residential-11799951/" target="_blank" rel="noopener noreferrer">56 Kerferd Street</a> (below), fetched $6.11 million through Thomson agent John Chartres.
<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/2018/5/21/kilburn.jpg" alt="">
It was marketed as showcasing "a remarkable sense of refined luxury throughout three brilliantly conceived levels."
Its price guidance was $5.5 million to $6.05 million, with it announced on the market at $6.025 million.
There were two bidders.
It last sold in 2003 at $1,375,000.
Melbourne's cheapest sale was a retirement villa at Frankston. The <a id="LPlnk878112" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/10-4-6-foot-street-frankston-vic/property-details-buy-residential-11805063/" target="_blank" rel="noopener noreferrer">10/4-6 Foot Street offering</a> (below) fetched $288,000. There had been $275,000 to $300,000 price guidance on the late 1990s two bedroom single storey unit. It last sold at $169,000 in 2007.
<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/2018/5/21/foot%20st.jpg" alt="">
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Across the smaller auction markets, preliminary results show that Canberra was again the best performing with a 66.2 per cent success rate across 79 auctions.
Its top seller was at Red Hill where $1.58 million was paid for <a id="LPlnk558662" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-act-red+hill-128155210" target="_blank" rel="noopener noreferrer">3 Golden Grove</a>, an early 1960s four bedroom, two bathroom brick home. It was offered for the first time in over 50 years.
The nation's cheapest auction result was $273,000 through Ray White for 17 Ashvale Street, Kingston, a three bedroom Brisbane home needing a renovation situated on a flat 607 sqm parcel.
</div>
It last sold at $259,000 in 2016 and at $230,000 in 2013.
Brisbane's top sale was at Paddington. It was an unrenovated 1912 Queenslander on 1000 sqm that sold through Place agent Andrew Degn who the Courier Mail advised had eight buyers register to bid on <a id="LPlnk56250" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-paddington-128163226" target="_blank" rel="noopener noreferrer">77 Tooth Avenue, Paddington</a>. It sold for $1.92 million, having been in the family for over 100 years. 
There was also a newly renovated 1930s Queenslander at <a id="LPlnk670208" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-128213294" target="_blank" rel="noopener noreferrer">25 Runic Street</a> that fetched $1.75 million through Degn.
It last traded at $625,000 in 2011.
There was a $2.6 million sale at Hollywell on the Gold Coast when a deceased estate went to auction.
"This property was handpicked from the initial subdivision plans 40 years ago," the marketing for <a id="LPlnk563326" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-hollywell-128092498" target="_blank" rel="noopener noreferrer">2 Sapphire Street</a> advised.
It came with 1058 sqm Broadwater frontage.
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jchancellor-FAypfDUnLy

Fairlight penthouse tops Sydney weekend auction results

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Sydney's northern suburbs were their strongest markets at the weekend, with the inner south and inner west also performing well.
Sydney could only manage another average 62 percent clearance rate, as the national rate waned to 61 percent.
There were 2,245 homes taken to auction across the capitals, down from 2,311 auctions.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/14/cap-May14.jpg" target="_blank">to enlarge.</a>
<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/2018/5/14/cap-May14.jpg" alt="">
 
When clearing the 70 percent mark over the summer months, it was Sydney's eastern suburbs and northern beaches which were selling over 80 percent of their stock at the weekend auctions.
Both have dipped since the clouds have come, but bounced back to a near 80 percent clearance rate. 
Click here to enlarge.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/SUB-REGIONS.jpg" alt="">
North Sydney and Hornsby secured a strong 83 percent clearance rate, selling 77 of their 96 auctions.
One of Hornsby's priciest sales was a charming cottage which rose nearly $500,000 since it last traded for $730,000 in 2010.
<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/2018/5/14/HORNS.jpg" alt="">
The three bedroom Palmerston Road home fetched $1.21 million after having a guide of $1.2 million.
It has modern Hampton-inspired updates since it sold last.
 
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Sydney's northern suburbs strong as chill continues to impact the east

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The auction clearance rates across capital cities continue to yo-yo.
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CoreLogic advised the capital cities saw fewer homes taken to auction, with a total of 2,280 held, down on the prior weekend tally when 2,577 were held. 
But the lower volumes saw an improved preliminary clearance rate at 63.5 per cent, up on the weekend prior’s revised clearance rate which ranked the lowest over the year-to-date with 60.3 per cent of properties selling
The unit market outperformed houses, returning a 67.7 per cent clearance rate, with a 61.7 per cent for houses.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/7/unitvhouse.jpg" target="_blank">to enlarge.</a>
<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/2018/5/7/unitvhouse.jpg" alt="">
The gap was greatest in Sydney where 75.5 percent of units sold compared to 62.5. The gap was narrower in Melbourne at 65.8 against units at 62.4 percent. Canberra went against the national trend as houses outperformed units, 79.4 percent to 57.1 percent.  
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/7/Sydneyunitsvhouses.jpg" target="_blank">to enlarge.</a>
<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/2018/5/7/Sydneyunitsvhouses.jpg" alt="">
Its follows the price trend where the unit market prices are outperforming house value growth, units being the more affordable segments of the market.
Although the preliminary clearance rate has shown a positive rise over the week, CoreLogic auction analyst Kevin brogan advised the trend in auction clearance rates clearly shows a downwards trend.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/7/bris.jpg" target="_blank">to enlarge.</a>
<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/2018/5/7/bris.jpg" alt="">
"Auction markets remain more buoyant than December last year, when Sydney clearance rates reached a low point of 52 percent, however the weaker auction results suggest housing market conditions are likely to remain relatively soft," Brogan said.
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<div class="x_mcntcolumn">
"Looking at results over the corresponding year-to date period last year, the capital city auction market was performing quite differently, with an average of 10 per cent more homes selling over the same period last year, while weekly volumes continue to show similar trends," he noted.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/7/melbourne0.jpg" target="_blank">to enlarge.</a>
<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/2018/5/7/melbourne0.jpg" alt="">
Melbourne returned a preliminary clearance rate of 63.5 per cent this week across 1,137 auctions, down on last week when 1,334 auctions took place and a higher 63.9 per cent cleared.
Click here <a href="https://www.propertyobserver.com.au/images/2018/5/7/auction_may7.jpg" target="_blank">to enlarge.</a>
<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/2018/5/7/auction_may7.jpg" alt="">
Sales were occurring after auctions including an Elsternwick offering.
The Block alumni reno stars Julia Treuel and Sasha Wright-Neville’s latest project fetched $2.485 million in post-auction negotiations after it passed in on a vendor bid of $2.3 million.
The Herald Sun advised Gary Peer &amp; Associates agent Jeremy Rosens had been quoting $2.3 million to $2.5 million for the 2016 transformed four-bedroom Edwardian at <a id="x_mcntLPlnk616086" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/7-willow-street-elsternwick-vic/property-details-buy-residential-11785938/" target="_blank" rel="noopener noreferrer">7 Willow Street</a>.
There was a post-auction result too on a converted Fitzroy furniture factory with Provan-Ludlow design (top below).
<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/2018/5/7/fitz2.jpg" alt="">
The <a id="x_mcntLPlnk987193" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/51-s-little-smith-street-fitzroy-vic/property-details-sold-residential-11775290/" target="_blank">51 South Little Smith Street offering</a> fetched $2.015 million after the house had passed in at $1.925 million through Jellis Craig Fitzroy agent Bev Adam who said said the buyer and sole bidder came from St Kilda East.
Melbourne's top officially advised result was <a id="x_mcntLPlnk819398" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-armadale-128025734" target="_blank" rel="noopener noreferrer">507 Orrong Rd, Armadale</a>, a 10 bedroom offering. 
Listed with $5.5 million to $5.95 million hopes, it fetched $6.6 million.
Set on the corner of Karbarook Ave, benefiting from a GRZ Schedule 3 zoning, the 1930's English style residence currently divided into three separate apartments, was marketed by Marshall White as "an outstanding opportunity for a luxury development."
There were just the two bidders after the property was announced on the market at $6.25 million.
There was also a $6.25 million sale in Hawthorn when the four bedroom Biasca, at <a id="x_mcntLPlnk327092" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/20-riversdale-court-hawthorn-vic/property-details-buy-residential-11780853/" target="_blank" rel="noopener noreferrer">20 Riversdale Court</a> was sold (below).
<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/2018/5/7/biasca.jpg" alt="">
It was listed with $5.3 million to $5.8 million price guidance.
In Sydney, 774 auctions were held this week with 66.9 per cent selling, up on last week when only 55.8 per cent of auctions were successful across a slightly higher 829 auctions.
Sydney's top sale was at Balmain, in Sydney's inner west, where a three-bedroom waterfront sold $500,000 above reserve at $4.8 million.
<div class="x_mcntcq-article-content-paras x_mcntsection">
<div id="x_mcntarticle-inline-ad" class="x_mcntadWrapper">Just two bidders competed for the house at <a id="x_mcntLPlnk335437" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-balmain-128020726" target="_blank" rel="noopener noreferrer">3 Longview Street</a>, which had its own deep-water mooring and views across the Parramatta River.</div>
<div class="x_mcntadWrapper">Domain reported it sold to a Brisbane couple returning to Sydney after four years away.</div>
<div class="x_mcntadWrapper">Brisbane saw the nation's cheapest sale at $220,000 for <a id="x_mcntLPlnk62351" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-kingston-128099434" target="_blank" rel="noopener noreferrer">4 Dale St, Kingston</a>. The three bedroom Logan district home that sits on a 658 sqm block last traded in 1974 at $17,000.</div>
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<div class="x_mcntcq-article-content-paras x_mcntsection">
Results were varied across the smaller auction markets this weekend, with Canberra and Perth recording a slight increase in week-on-week volumes, while the remaining markets saw fewer auctions take place.
</div>
Canberra was the strongest performer with 74 per cent of homes selling, while only 18 per cent of Perth homes sold.
Prices in Canberra ranged between $417,000 at Casey and a $1,475,000 sale at Turner.
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</div>
</div>
</div>
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Auction clearance rates are yo-yoing, but autumnal trend is downwards

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Sydney's consistent performers, the eastern suburbs and northern beaches, both failed to hit a 70% clearance rate having been previously sitting nicely at 80% each last week.
They haven't both dropped below 70% since last year.
It was the inner west which was the stand out performer at 72%. It was the only sub-region to secure over 70%.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/30/syd-regions.jpg" target="_blank">to enlarge.</a>
<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/2018/4/30/syd-regions.jpg" alt="">
Sydney dropped below 60% for the first time since late last year.
The rate did drop below 60 in the first weekend of February 2018, but only 200 auctions were scheduled, with no dwellings coming from the likes of the eastern suburbs and northern beaches.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/30/capitals3.jpg" target="_blank">to enlarge.</a>
<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/2018/4/30/capitals3.jpg" alt="">
Auction volumes rose this week, with nearly another 800 dwellings up for auction.
There were 2,539 properties taken to auction this week compared to 1,799 last week.
The clearance rate nudged 0.3% higher from 62.2% to 62.5%.
 
 
 
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Sydney slips below 60% as consistent performers struggle

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Sydney's Northern Beaches edged out the Eastern Suburbs as the weekends top performer. 
Parramatta was the worst performer by a big margin, clearing just 36 percent of its stock on the weekend.
One of the priciest Northern Beaches homes to sell was near waterfront at <a href="https://www.realestate.com.au/sold/property-house-nsw-newport-127917054" target="_blank">77 Prince Alfred Parade at Newport</a> (above), which fetched $2.77 million.
The four bedroom, two bathroom home which last traded for $1.65 million in 2014 had a price guide of $2.5 million.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/23/sydney_regions.jpg" target="_blank">to enlarge.</a>
<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/2018/4/23/sydney_regions.jpg" alt="">
Sydney's clearance rate sat at a steady 66 percent, the second strongest in the country behind Tasmania.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/23/auctions.jpg" target="_blank">to enlarge.</a>
<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/2018/4/23/auctions.jpg" alt="">
 
 
 
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Northern Beaches Sydney's strongest auction performer

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Tasmania topped the nation's highest clearance rate, but Sydney returned to hold the mantle of the best performing mainland auction market.
Melbourne slipped below Sydney.
Tasmania did only see the five auctions, in comparison to the 551 in Sydney and 905 in Melbourne.
Last week Sydney out-cleared Melbourne by just 0.6 percent, but the margin this weekend was closer to three percent
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/23/auctions.jpg" target="_blank">to enlarge.</a>
<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/2018/4/23/auctions.jpg" alt="">
Both were well down on their clearance rates from last year. 
With similar stock numbers from this time last year, Sydney were six percent off what they cleared, while Melbourne were well over 10 percent down.
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/23/sydney_clearance.jpg" target="_blank">to enlarge.</a>
<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/2018/4/23/sydney_clearance.jpg" alt="">
Melbourne's recent clearance rates have been tracking lower than they were in mid 2016, with results only marginally different than they were three years ago after the spike in recent years. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/4/23/melbourne_clearance.jpg" target="_blank">to enlarge.</a>
<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/2018/4/23/melbourne_clearance.jpg" alt="">
 
Auction activity remained relatively steady across the combined capital cities this week, with a total of 1,746 homes taken to market, returning a success rate of 63.1 percent.
That was up from last week’s final clearance rate which saw the lowest weighted average result so far this year at 61.7 per cent (1,915 auctions).
 
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