Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Clearance Rate

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Sydney’s weekend auction success rate surged back into the 80s, just as the Reserve Bank board meets this week to consider a rate cut that could further ignite the market.
Slim stock levels have seen the Sydney clearance rate hit clearance rate highs not seen since the boom early last year.
There were around 494 weekend auctions held in Sydney, up slightly from 473 last week, but significantly lower compared to the 825 of one year ago.
The preliminary CoreLogic result of 80 percent represented the strongest clearance rate for the city so far this year, and a steep increase from 71 percent last week and also higher than last year’s clearance rate of 76 percent when the mid-year market was coming off the boil. 
The overall strength in the Sydney market has seen week-on-week results over 70 percent since the last week in April.
The strength in Sydney’s result was driven on the weekend by North Sydney and Hornsby (95 percent), Ryde (94 percent) and the Northern Beaches (92 percent).
The Sydney result helped to push the combined national capitals results above 70 percent again, up from last week’s 68 percent to 74 percent.
There was an increased level of activity across the capital city auction market with 1,585 auctions held compared to 1,329 auctions last week.
But activity continues to track lower than the corresponding week last year when 1,903 auctions were held, CoreLogic advised. 
While winter is typically a quieter season for auctions prior to the ramp up in Spring, Kevin Brogan at CoreLogic calculated over the past nine weeks, the volume of auctions held across the combined capitals has been around 20 percent lower than last year, largely driven by less properties being taken to auction across the Sydney market, despite the ongoing strength in the clearance rate.
Melbourne’s clearance rate also jumped to 75 percent this weekend up from 71 percent. There were 749 auctions held in Melbourne, up from 572 last week, and representing a similar level when compared to the 787 one year ago. The best performing Melbourne sub-regions this week were Outer East (83 percent) and Inner South (80 percent). 
The top and cheapest sales around the nation were in Melbourne.
It was a Malvern period house with modern extension which sold through Marshall White at $4.98 million.
There were five $4 million-plus bidders for the five bedroom Edwardian house at <a href="https://www.realestate.com.au/property-house-vic-malvern-123060590" target="_blank">17 McKinley Avenue</a> (above) which was announced on the market at $4.4 million. The home's extension was designed by architect Geoff Challis with its landscaping by Rick Eckersley. 
Andrew Hayne of Marshall White, said a couple moving back to Australia from the US were the buyers.
The weekend's cheapest auction result was a two bedroom unit at Melbourne's Albion, near Sunshine (below).
<div class="tg-tlc-storybody_intro">
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.10.41%20AM.png" alt="">
The <a href="https://www.domain.com.au/5-25-ridley-street-sunshine-vic-3020-2012877862" target="_blank">5/25 Ridley Street unit</a> fetched $190,000 when sold by Burnham Deer Park. It last sold at $10,500 in 1975. 
Sydney's top priced sale was $3.21 million at Blakehurst when the five bedroom at <a href="https://www.realestate.com.au/property-house-nsw-blakehurst-123064650" target="_blank">38 Walton Street</a> (below) was offered with redevelopment potential.
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.12.08%20AM.png" alt="">
</div>
 
A six bedroom house at Ascot in Brisbane fetched $3 million when <a href="https://www.realestate.com.au/property-house-qld-ascot-123002122" target="_blank">47 Palm Avenue</a> (below) sold. 
 
It was a 1993 Queenslander designed by architect Kevin Hayes.
<img src="/images/2016/08/01/Screen%20Shot%202016-08-01%20at%2010.13.08%20AM.png" alt="">
Brisbane held 152 auctions compared to 144 auctions last year and 139 last week. Preliminary results show 55 percent of auctions were sold, up from 51 percent last week and lower compared to last year, when 58 per cent of Brisbane auctions were successful.
There were 74 Gold Coast auctions this week with a preliminary clearance rate of 43.9 percent.
Adelaide was host to 106 auctions this week, with a preliminary clearance rate of 71 percent, representing a sharp rise in both the number of auctions held (68) and the clearance rate (56 percent) when compared to last week.
"Despite an overall fall in auction volumes across the capitals for winter so far this year, Adelaide’s auction activity has been reflective of the same conditions seen one year ago," Kevin Brogan said.
There were 33 Perth auctions held this week, 22 last week and 23 at the same time last year. This week’s preliminary clearance rate was 43 percent, up from 33 percent last week and higher than one year ago (40 percent).
The preliminary results show 75 percent of the auctions reported for Canberra this week sold, compared to 69 percent last week and 72 percent last year. There were 44 auctions held across the city this week, down from 52 last week and similar to the 41 held at the same time last year. 
 
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jchancellor-FAypfDUnLy

Sydney's weekend auction success rate back into the 80s

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Sydney preliminary clearance rate for the week ending July 24 came to 75.3 per cent according to CoreLogic.
Seven Sydney sub-regions recorded a preliminary clearance rate above 70 percent with the highest preliminary auction clearance rate in the Inner West sub-region with 93.9 percent.
<a href="https://www.propertyobserver.com.au/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.36.01%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2016/07/25/Screen%20Shot%202016-07-25%20at%2010.36.01%20AM.png" alt="">
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jonathanchancellor-7SQnKwU6yx

 Highest Sydney auction clearance rate in Inner West: CoreLogic

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Brisbane held 117 auctions for the week ending July 17 with a preliminary clearance rate of 46.8 percent, according to CoreLogic.  
There were 26 auctions on the Gold Coast with a preliminary clearance rate of 65.4.
<a href="/images/2016/07/18/20160718-Brisbane.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/18/20160718-Brisbane.png" alt="">
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Brisbane clearance rate at 46.8 percent: CoreLogic

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Sydney holds a preliminary auction clearance rate of 76.2 percent for the week ending July 17 according to CoreLogic.  
The Inner West recorded a preliminary clearance rate of 91.4 percent across 35 reported auctions. 
<a href="/images/2016/07/18/20160718-Sydney.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/18/20160718-Sydney.png" alt="">
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mick.cee-iDmgDDAmu8

Sydney's Inner West takes 94 percent clearance rate: CoreLogic

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<div class="reported-auctions">
<div class="num">Western Australia has a clearance rate of 46 percent from 30 total scheduled auctions for the week ending July 3, according to realestate.com.au.</div>
</div>
Realestate.com.au reported 1 property sold prior to auction, 5 were passed in, 4 sold at auction and 2 were withdrawn.
For more information, <a href="https://www.realestate.com.au" target="_blank">click here</a>.
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Western Australia nets clearance rate of 46 percent: Realestate.com.au

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<div class="reported-auctions">
<div class="num">South Australia has a clearance rate of 74 percent from 69 total scheduled auctions for the week ending July 3, according to realestate.com.au.</div>
</div>
Realestate.com.au reported 5 properties sold prior to auction, 7 were passed in, 18 sold at auction and one was withdrawn.
For more information, <a href="https://www.realestate.com.au" target="_blank">click here</a>.
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South Australia's clearance rate at 74 percent: Realestate.com.au

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Melbourne's preliminary auction clearance rate came in at 71.6 per cent for the week ending 3 July, according to CoreLogic.
The Inner South sub-region had a 100.0 percent clearance rate and South East sub-region came in at 86.4 percent.
<a href="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%201.32.14%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%201.32.14%20PM.png" alt="">
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Melbourne's Inner South nets 100 percent clearance rate: CoreLogic

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Sydney's preliminary auction clearance rate for the week ending 3 July came in to 80.4 percent from 215 cleared auctions according to CoreLogic RP Data.
North Sydney and Hornsby was the busiest region with preliminary clearance rates at 86.3 percent.
<a href="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%201.16.38%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%201.16.38%20PM.png" alt="">
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Sydney's preliminary auction clearance rate at 80.4 percent: CoreLogic

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Bellbird Park outside of Brisbane had the nation's cheapest sale of the election weekend auctions.
It was $224,000 for a three bedroom freestanding villa at <a href="https://www.realestate.com.au/property-unit-qld-bellbird+park-122817646" target="_blank">25/22 Buttler Street </a>which had last sold at $155,000 in 2004 in the Ipswich district.
It was a 1980s villa with 80 sqm internal space on 400 sqm in the Ashwin Gardens estate that had been listed by private treaty late last year without success with $210,000 hopes.
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Bellbird Park has weekend's cheapest auction sale

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It was neck and neck when the Domain website advised Saturday night's auction clearance rates.
Nothing between Sydney and Melbourne with both major auction capitals on 73.5 percent.
It represented a rise for Melbourne and dip for Sydney. 
Just 200 auctions in each city given the school holidays, winter and election distractions.
Strathfield, the regular Sydney auction powerhouse, secured the top result when 12 Newton Road (above) fetched $4.29 million, some $290,000 over reserve. The new luxurious six bedroom, six bathroom family home came with Victorian Ash staircase. The 746 sqm block cost $1.55 million in 2013. There had been $3.7 million price guidance by Devine Real Estate.
Melbourne's highest priced weekend sale came post-auction at Middle Park having price guidance at around $2.6 million.
The <a href="https://www.realestate.com.au/property-house-vic-middle+park-122839898" target="_blank">200 Page Street property</a> fetched $2.65 million was a 1930s triple fronted home on 280 sqm through Greg Hocking Holdsworth.
<img src="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%2010.00.55%20AM.png" alt="">
It had sold in 2004 at $1.5 million.
Brisbane’s auction volumes fell from 175 to 66 this week, according to CoreLogic with the preliminary results showing 38 per cent of auctions were successful, down from 41 per cent over the previous week.
One year ago, 115 auctions were held across Brisbane with 63 per cent clearing, which was the second strongest clearance rate seen in the city last year, CoreLogic's Kevin Whelan noted.
Overall CoreLogic advised 70 percent of capital city auctions across Australia were successful, according to the preliminary results.
It was higher than the clearance rate recorded over the first month of winter in 2016 of 67 per cent.
The number of residential auctions held this week was around 800, down substantially from 2,200 last week.
Across Sydney the North Sydney and Hornsby was the busiest region for auctions and preliminary results showed 86 per cent of reported auctions were successful.
Melbourne's best performer across the city was the inner South sub-region that had a 100 percent clearance rate, but just from the 17 reported auctions.
There were 69 auctions held across Adelaide, down from 90 last week. The preliminary auction clearance rate was 74 per cent, a substantial rise from 59 per cent last week. One year ago, 85 Adelaide auctions were held with 69 per cent sold. 
The Somerton Park house of slain Adelaide Crows AFL coach Phil Walsh has gone on the market with offers sought by July 18.
The <a href="https://www.realestate.com.au/property-house-sa-somerton+park-122950362" target="_blank">four-bedroom, two-bathroom Bungey Ave</a> property is listed by McCammon Real Estate with hopes between $1.175 million and $1.25 million. 
 
<div class="tg-tlc-storybody_intro">
<img src="/images/2016/07/04/Screen%20Shot%202016-07-04%20at%2010.05.13%20AM.png" alt="">
 
Phil Walsh’s son, Cy Walsh, has pleaded not guilty to murdering his father last July.
 
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