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

<html><body>
Preliminary auction results for Sydney for the week ending 4 October show a clearance rate of 71.4% across 448 results, according to CoreLogic RP Data.
Standout regions include Sydney's inner west with a preliminary clearance rate of 90.6% with the inner south at 79.4% and the Hornsby and North Sydney region recording 78.2%.
<a href="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%209.29.48%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%209.29.48%20AM.png" alt="">
</body></html>

mick.cee-iDmgDDAmu8

Parramatta dips to 42% as Sydney nets clearance rate of 71.4%: CoreLogic RP Data

<html><body>
It was a quiet week for auctions this week due to the grand finals and the Labour Day long weekend. 
841 properties were taken to auction across the combined capital cities and the preliminary clearance rate was recorded at 69.6 per cent, the lowest clearance rate since the second week of February. In comparison, last week was the busiest week for auctions since the end of March with 2,835 auctions held, however the final clearance rate was only 69.7 per cent. Over the same weekend last year, when only the NRL grand final was being played (The AFL grand final was held a week earlier) almost twice as many auctions were held (1,650); however the clearance rate was a lower 66.9 per cent. 
<a href="/images/2015/10/06/20151006-capital-city.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/20151006-capital-city.jpg" alt="" width="837" height="630">
 
Across Melbourne, 90 auctions were held this week and the preliminary clearance rate was recorded at 67.7 per cent, the third lowest clearance rate for the year, compared to last week’s final clearance rate of 72.7 per cent across 1,201 auctions. This time last year, 69.1 per cent of the 912 properties taken to auction sold. Across Melbourne’s individual sub-regions, the strongest performer in terms of clearance rate this week was the North West region, where 8 of the 10 reported auctions were successful. Meanwhile, the South East region was host to the highest number of auctions (21).
<a href="/images/2015/10/06/20151006-Melbourne.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/20151006-Melbourne.jpg" alt="" width="682" height="447">
 
In Sydney, preliminary results show a clearance rate of 71.4 per cent across 448 results, with a total of 567 auctions held across the city this week. Last week, the clearance rate was 71.7 per cent across 1,200 auctions. Looking at last year, there were 473 auctions held and a clearance rate of 76.4 per cent was recorded. The Inner West region of Sydney, where 32 auction results have been reported with a clearance rate of 90.6 per cent, is the strongest performing sub-region this week. City and Inner South (79.4 per cent), and North Sydney and Hornsby (78.2 per cent) also recorded strong clearance rates.
<a href="/images/2015/10/06/20151006-Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/20151006-Sydney.jpg" alt="" width="709" height="480">
 
Brisbane was host to 118 auctions this week, down from 203 last week and similar to last years 117. Of the 87 results reported so far, 64.4 per cent have sold, up from last week’s final clearance rate of 54.9 per cent and the 47.4 per cent clearance rate recorded last year. This week, 28 Gold Coast auction results have been reported and the preliminary clearance rate based on these results is 42.9 per cent.
<a href="/images/2015/10/06/20151006-Brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/20151006-Brisbane.jpg" alt="" width="726" height="487">
 
There were 32 Adelaide homes taken to auction this week with a preliminary clearance rate of 71.4 per cent across 28 results. This week’s clearance rate is higher than both last week, when 68.1 per cent of the 127 auctions sold, and this time last year, when a clearance rate of only 53.7 per cent was recorded across 63 auctions.
<a href="/images/2015/10/06/20151006-Adelaide.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/20151006-Adelaide.jpg" alt="" width="803" height="542">
 
Just 10 auctions were held in Perth this week, significantly lower than both last week (25) and last year (23). Perth’s clearance rate was 75.0 per cent this week, up from 31.6 per cent last week and 25.0 per cent last year.
Across Canberra, the preliminary clearance rate was 53.8 per cent across 13 results. Last week, Canberra’s clearance rate was 58.5 per cent, while one year ago, only 29.3 per cent of auctions were successful.
Of the 4 auctions held in Tasmania this week, there were 2 successful sales.
</body></html>

smiller-vwPjRHTkST

Grand finals upstage capital city auction markets: Shana Miller

<html><body>
New South Wales auction results for the week ending Sunday 4 October show a preliminary clearance rate of 71% from 567 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 217 were sold at auction within NSW, 91 passed in and 102 sold prior to auction.</div>
<div class="num"> </div>
<div class="num">One standout sale in the Sydney suburb of Bexley was a three bedroom home sold for $1,200,000 at <a href="https://www.realestate.com.au/property-house-nsw-bexley-120662193" target="_blank">1 Bowood Avenue</a>. The median price for a home in <a href="/news">Bexley is $988,000</a>, according to CoreLogic RP Data.</div>
<div class="num"> </div>
<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
</div>
</body></html>

NSW auction results show 71% preliminary clearance rate: Realestate.com.au

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
The AFL and NRL grand finals, combined with the Labour Day long weekend saw the lowest clearance rate since the second week of February.
CoreLogic RP Data's preliminary auction clearance rate for the week ending 4 October found 841 properties were auctioned across the combined capital cities, with a preliminary clearance rate of 69.6%
</div>
</div>
</div>
</div>
<a href="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.28.05%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.28.05%20AM.png" alt="">
<a href="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.28.11%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.28.11%20AM.png" alt="">
</body></html>

Grand finals upstage capital city auction markets: CoreLogic RP Data

<html><body>
Australian capital city auction markets have weakened over September, according to the Domain Australian Home Auction Report for September 2015. 
The report, compiled by property website Domain.com.au, suggests that clearance rates have fallen in most capitals under the impact of record numbers of early spring listings. “The first month of spring has provided mixed results, with all major capital cities except Adelaide reporting decreases in clearance rates over the month. September home auction activity is now generally tracking below last year’s September levels,” Domain senior economist Dr Andrew Wilson said. “While clearance rates may be down, auction prices have either risen or remained steady across the cities, reflecting the seasonal effects of higher-priced auction sales. “Record-high volumes of auctions will continue to test capital city markets for the remainder of the year, providing greater competition amongst sellers and more choice for buyers. This is likely to continue putting downward pressure on clearance rates – particularly in Sydney, and to a lesser degree Melbourne.” SYDNEY  Sydney’s September auction clearance rates dropped to 69.8 per cent, from 73.9 per cent in August. They are now sitting clearly below the 76.9 per cent recorded in September 2014.  At 69.9 per cent, Sydney’s September result is the lowest for the year so far and the lowest September result since 2012.  According to Domain’s Dr Andrew Wilson, Sydney’s auction clearance rates have fallen sharply since the all-time record of 83.3 per cent was recorded in May this year. “The high volume of listings will continue to test the Sydney market. September alone recorded a record average of 859 weekend auctions. This is well ahead of the August average of 738 weekend auctions and the 590 conducted over September 2014,” Dr Wilson said.
<ul>
<li>Sydney’s September median auction price increased from $1,090,000 to $1,151,000 year-on year. This reflects the typical early spring impact of increased volumes of higher priced properties engaging the market. </li>
<li>Sydney auction prices have now increased by 15.8 per cent over the past year but the year-on-year growth rate comparisons have now fallen solidly over the past four months.</li>
</ul>
MELBOURNE Melbourne’s September auction clearance rate dropped slightly to 73.2 per cent, from 75.2 per cent recorded in August 2015. The result is slightly below the 73.7 per cent which recorded in September last year. This September clearance rate result is the lowest rate recorded by the local market for the year so far.  According to Dr Wilson, the lower clearance rates may reflect the influence of a record surge in early spring listings. “With a remarkable number of auctions – nearly 1,000 per weekend over the month of September – Melbourne’s auction market is well ahead of where it was last year. The city averaged 977 auction listings every weekend over September, up from the average of 830 over August and significantly higher than the average of 640 over September last year.”
<ul>
<li>Melbourne’s median auction price increased by an incredible 13.1 per cent year-on-year to reach a September average of $820,000.</li>
<li>The rising numbers of higher-priced, inner suburban homes offered for sale over September can account for the strong increase in the average September median auction price.</li>
</ul>
BRISBANE Just like the majority of other capital cities, Brisbane’s auction clearance rate fell sharply over September, reversing the rising trend of recent months. The local auction clearance rate fell from 57.4 per cent in August 2015 to just 46.2 per cent. This is just slightly below the average auction clearance rate of 46.3 per cent recorded in September last year. Dr Andrew Wilson said that rising auction volumes have been a characteristic of the Brisbane market for most of this year and September clearly continued the trend.  “Brisbane averaged 123 auctions per weekend over September - a significant increase from the average of 106 auctions per weekend in August. This was well ahead of the 99 averaged over September last year.”
<ul>
<li>Brisbane’s median auction price remained steady over September, sitting at an average of $700,000. This is a slight (1.1 per cent) decrease from the average median auction price of $708,000 recorded over September last year. </li>
<li>Brisbane is the only capital to record a fall in auction prices over the past year. </li>
</ul>
ADELAIDE  It was good news for property sellers in Adelaide, with the city’s auction market bucking the downward trend of other capital cities. Adelaide recorded a stronger month for auction activity, with the September clearance rate reaching 65.3 per cent. This result is slightly ahead of the 65.2 per cent recorded in August and sits just below the 66 per cent auction clearance rate recorded in September 2014.    Domain’s Dr Andrew Wilson said that the Adelaide’s September clearance rate is the highest recorded for the city this year and is reflective of a steady revival of market confidence over the past year. “Not only was there an increase in Adelaide’s clearance rates over September, but there was also a significant increase in auction volumes. This reflects the growing confidence of sellers in the local market conditions. “Adelaide saw an average of 69 auctions each weekend over September. This is an increase from ans average of 57 auctions per weekend over August and well ahead of the 49 averaged over September last year. Sharply higher volumes are however proving no barrier to higher clearance rates.”
<ul>
<li>Adelaide’s median auction prices continue to increase steadily, reflecting the increasing strength of the local market – second now only to Sydney. </li>
<li>Adelaide’s September auction median price of $597,500 was well ahead of the $531,000 median reported over August. The result was 14.9 per cent higher than the $520,000 reported a year ago. </li>
</ul>
CANBERRA  Canberra’s auction market tracked backwards over September, following the strong clearance rate result recorded in August. September’s auction clearance rate of 64.3 per cent was down from the 70.7 per cent recorded the previous month. The result, however, remains well ahead of the 56.3 per cent recorded in September last year. Dr Wilson said that the despite the decrease in clearance rate from August, the September result was positive outcome. “The rate recorded over August was the highest monthly result for over five years. The underlying growth trend for the auction market remains encouraging and indicates the consolidation of solid housing market activity generally in Canberra this year.”
<ul>
<li>Auction volumes continue to rise in Canberra with 47 listings averaged each weekend over September – up from the 40 average over August and ahead of the 42 averaged over September last year.</li>
<li>Canberra’s media auction prices fell marginally over September – down from $685,000 over August to $675,000. Auction prices however remain 3.5 per cent higher than the $652,000 recorded over September last year.</li>
</ul>
</body></html>

jchancellor-FAypfDUnLy

September's supply weakened capital city auction success: Dr Andrew Wilson

<html><body>
Melbourne holds a preliminary auction clearance rate of 73.3% for the week ending 27 September, according to CoreLogic RP Data.
CoreLogic RP Data said 1,197 auctions were held, up from 1,127 held last week, with notable clearance rates in the Outer East region at 81.8%, and the Inner South region at 80%.
<a href="/images/2015/09/28/Screen%20Shot%202015-09-28%20at%2012.48.55%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/28/Screen%20Shot%202015-09-28%20at%2012.48.55%20PM.png" alt="">
</body></html>

jonathanchancellor-7SQnKwU6yx

Melbourne's preliminary auction clearance rate at 73.3%: CoreLogic RP Data

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
CoreLogic RP Data found a preliminary clearance rate of 71.3% for the combined capital cities for the week ending 27 September, up from 69.9% last week.
Some 2,820 auctions were held last week, up from 2,565 the week before. 
</div>
</div>
</div>
</div>
<a href="/images/2015/09/28/Screen%20Shot%202015-09-28%20at%2010.47.45%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/28/Screen%20Shot%202015-09-28%20at%2010.47.45%20AM.png" alt="">
</body></html>

Combined capital preliminary clearance rate at 71.3%: CoreLogic RP Data

<html><body>
New South Wales auction results for week ending Sunday 27 September show a preliminary clearance rate of 74% from 1193 scheduled auctions.
<div class="reported-auctions">
<div class="num">According to data from realestate.com.au, 405 were sold at auction within NSW, 196 passed in and 201 sold prior to auction.</div>
<div class="num"> </div>
<div class="num">One standout property in the Sydney suburb of Maroubra sold for $500,000 above reserve - a three bedroom home on 1011.7sqm <a href="https://www.realestate.com.au/property-house-nsw-maroubra-120679697" target="_blank">which sold for $3,700,000</a>.</div>
<div class="num"> </div>
<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
</div>
</body></html>

NSW auction results show preliminary clearance rate of 74%: Realestate.com.au

<html><body>
Sydney's busiest September auction Saturday on record had 900 plus homes listed to go under the hammer, well ahead of the 832 listed last weekend and the 723 auctioned over the same weekend last year.
The recent surge in supply has helped ease auction clearance rates, to their lowest in three years. 
APM's preliminary 729 results put the clearance rate at 69.6%.  
Domain Group’s senior economist, Dr Andrew Wilson said the market was evolving into a buyer’s market.
“Sydney’s great auction boom has clearly ended,” he said. 
Last weekend's preliminary clearance rate of 71.3% was revised down again
It was lower than the 72.4% recorded the previous weekend and significantly below the 83.9% reported over the same weekend last year. 
APM had the inner west as hosting the highest number of auctions on Saturday with 139 listings.
The next highest is the upper north shore with 130 followed by the south with 127, the city and east 111, the lower north 86, the west 84, the south west 74, the northern beaches 70, Canterbury Bankstown 66, the north west 59, the central coast 23 and the Blue Mountains 1.
The leading suburb for auctions this weekend was again Mosman with 17 followed by Baulkham Hills and Ashfield each with 13, Chatswood, Manly and Redfern each with 11 and a number of suburbs with 10 auctions listed on Saturday including Bexley, Carlingford, Blacktown and Paddington.
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr>
<td colspan="2">
Most expensive
</td>
<td colspan="2"> </td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_0">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_0" colspan="2">76 New Beach Rd, Darling Point NSW 2027, 5 br Semi, Morton Circular Quay</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_0">$7,750,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_1">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_1" colspan="2">38 Edro Av, Brighton East VIC 3187, 5 br House, Hocking Stuart</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_1">$3,910,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_2">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_2" colspan="2">187 Wattle St, Malvern SA 5061, 4 br House, Ouwens Casserly</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_2">$1,300,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_3">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_3" colspan="2">30/135 Shore St W, Cleveland QLD 4163, 5 br House, FN Cleveland</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_3">$2,800,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_4">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_4" colspan="2">252 La Perouse St, Red Hill ACT 2603, 5 br House, Luton Properties - Manuka</td>
<td id="ecxrpMostExpensive_tdMostExpensiveSold_4">$1,360,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_0">
<td id="ecxrpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_0" colspan="2">5/34 Remembrance Av, Warwick Farm NSW 2170, 2 br Unit, Prudential Liverpool</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_0">$364,500</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_1">
<td id="ecxrpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_1" colspan="2">2/264 Melrose Dr, Tullamarine VIC 3043, 2 br Unit, Jason Real Estate Sales PTY LTD</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_1">$280,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_2">
<td id="ecxrpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_2" colspan="2">21 Forest Av, Paralowie SA 5108, 3 br House, Harris Real Estate - Glenelg</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_2">$229,250</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_3">
<td id="ecxrpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_3" colspan="2">19/202 Fryar Rd, Eagleby QLD 4207, 3 br Townhouse, LJH Beenleigh</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_3">$243,600</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_4">
<td id="ecxrpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_4" colspan="2">24/6 Antis St, Phillip ACT 2606, 2 br Townhouse, LJH Tuggeranong</td>
<td id="ecxrpMostAffordable_tdMostAffordableSold_4">$322,000</td>
</tr>
</tbody></table>
 
 
</body></html>

Slipping into the 60s on September's Sydney Super Saturday

<html><body>
There were 993 auctions reported to the REIV on the weekend, with 732 selling, reflecting a 73.7% success rate.
There were 261 passed in, 111 of those on a vendor bid.
The REIV was expecting about 1,200 auctions in 278 suburbs on the weekend.
The top auction locations were South Yarra (20 auctions), Reservoir (19 auctions) and Richmond (16 auctions).
There were 1050 auction on the prior weekend, when there was an initial 76% clearance rate.
A record 4,150 auctions have been held in September – up 39 per cent on the same time last year.
Next week, the REIV is expecting around 65 auctions due to the AFL Grand Final – the biggest event on Melbourne’s sporting calendar.
 
TOP 5 HOUSES
1. 38 Edro Avenue, Brighton East $3,910,000
2. 129 Park Drive, Parkville $3,520,000
3. 36 Sarah Crescent, Templestowe $3,130,000
4. 7 Stewart Street, Brighton $3,020,000
5. 4 Wood Street, Fitzroy $2,875,000
TOP 5 BARGAIN HOUSES
 
1. 2 Amanda Court, Melton $235,000
2. 9 Dunvegan Drive, Kurunjang $285,000
3. 30 Frawley Street, Frankston $327,000
4. 4 Roche Court, Epping $330,000
5. 1 Torana Court, Doveton $335,000
 
 
TOP 5 APARTMENTS
 
1. 55/400 Victoria Parade, East Melbourne $1,760,000
2. 13/156 Beaconsfield Parade, Albert Park $1,600,000
3. 68 Little Page Street, Albert Park $1,595,000
4. 25A Salisbury Street, Moonee Ponds $1,375,000
5. 1/6 Victoria Street, Brighton $1,350,000
TOP 5 BARGAIN APARTMENTS
 
1. 6/7-9 Farnham Court, Flemington $276,000
2. 8/21 Empire Street, Footscray $280,000
3. 2/264 Melrose Drive, Tullamarine $280,000
4. 313/36-38 Darling Street, South Yarra $297,000
5. 16/45 Alma Road, St Kilda $315,500
Source: <a href="https://www.reiv.com.au/home" target="_blank">REIV</a>
</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