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

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

Clearance Rate

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

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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. 
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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).
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<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.
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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.
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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.
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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.
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Grand finals upstage capital city auction markets: Shana Miller

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New South Wales auction results for the week ending Sunday 4 October show a preliminary clearance rate of 71% from 567 scheduled auctions.
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<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>
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NSW auction results show 71% preliminary clearance rate: Realestate.com.au

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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%
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Grand finals upstage capital city auction markets: CoreLogic RP Data

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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>
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jchancellor-FAypfDUnLy

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

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

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

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New South Wales auction results for week ending Sunday 27 September show a preliminary clearance rate of 74% from 1193 scheduled auctions.
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<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>
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<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>
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<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>
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NSW auction results show preliminary clearance rate of 74%: Realestate.com.au

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

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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>
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