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 saw a preliminary clearance rate at 72.2 per cent after 435 reported results were received.
Of these, 67 properties withdrawn from auction and there are further results yet to be be advised from the 610 scheduled auctions on Saturday in Sydney.
One of the big sales saw a non-harbourfront Vaucluse semi (above and below) sell for $5.5 million.
Domain reported the two-bedroom home at 10 Coolong Road, on the market for the first time in 45 years, was knocked down to near neighbour, estate agent Alexander Phillips.
There were nine registered parties who took the bidding at the Sotheby's auction to $2 million over reserve.
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CoreLogic figures had a 72.4 per cent clearance from the 562 reported results of its 679 scheduled auction tally.
It was up on the previous week's preliminary 70.4 per cent rate which was revised down to 65.9 per cent after late results.
Canberra saw a preliminary clearance rate of 89 per cent after 65 reported results of its 74 scheduled sales.
It was 64 per cent in Adelaide and 61.9 per cent in Brisbane.
There were only 13 auctions scheduled across Victoria on Saturday, with in-person auctions resuming in regional Victoria.
An older-style home in Edithvale sold under the virtual hammer with 84 Rae Avenue fetching $963,500.
It sold to a developer, Domain reported.
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j.ballantyne1990-6AQqhLzZaK

Sydney auction success rates sits in the 70s

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There was a 64 percent weekend auction success rate in Sydney, with sales including the controversial chef Pete Evans and his wife Nicola Robinson securing $3.366 million for their Malabar home.
The five-bedroom home (above) sold through NG Farah for $166,000 above reserve.
Melbourne recorded just two sales from just a dozen of so homes listed for auction. Domain advised the same weekend last year saw a 72 percent success rate from 797 auctions.
The nation's top advised sale was $3.4 million in Manly when RED Property sold 48 Osborne Road (below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/14/48%20Osborn%20Manly.jpg" alt="">
There was a $3.15 million sale in Canberra with the sale of 63 Mugga Way, Red Hill.
The Bronte home of global cancer specialist GenesisCare founder Dan Collins and his wife, Cassandra, passed in on a vendor bid of $16.5 million, according to the Wentworth Courier.
PPD Real Estate agent Alexander Phillips had three registered bidders for the five-bedroom, four-bathroom Miramar Avenue home.
Adelaide had the nation's cheapest sale when $370,000 was paid for 4 Indora Avenue, Ingle Farm.
CoreLogic noted the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions.
There were 823 homes taken to auction over the week, down from 866 over the previous week and 1,639 this time last year.
Of the 657 results collected so far, 67.3 per cent were successful, roughly equivalent to lastweek’s preliminary figure of 67.5 per cent which laterrevised down to 60.5 per cent at final collection.
Over the same week last year, a final clearance rate of 72.8 per cent was reported across the combined capitals.
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Sydney was host to 606 auctions this week, similar to last week when 608 auctions were held, although higher than this time last year when 585 homes were taken to auction. 
Of the 507 auction results collected so far, 70.4 per centwere successful, up slightly from last week’s preliminaryresult of 69.5 per cent which revised down to 62.3 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.0 per cent.
Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 83.0 per cent, across 47 auction results, followed by Adelaide with a preliminary clearance rate of 75.9 per cent across 29 results.
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Pete Evans sells as Sydney weekend auctions remain strong

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The early August Melbourne weekend auction results saw a bounce back to 57 percent on low volumes.
Melbourne’s preliminary clearance rate was 57.6 per cent, from 165 reported results. This is primarily a result of the market reaching equilibrium in the number of auctions pulled following the second COVID-19 lockdown wave.
 
There were 285 properties scheduled for auction, 71 of which were withdrawn.
The same weekend last year, according to Domain, had 470 listings.
Sydney’s preliminary auction clearance rate sat at 65.5 per cent, from 286 reported results. 
There were 508 auctions scheduled, with 76 properties withdrawn from auction on Saturday.
On the same Saturday last year had 316 auctions.
The nation's top sale was 41 Highgate Street, Strathfield for $4,641,000, $141,000 above reserve.
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Melbourne's weekend auction clearance rates bounced back into the 50's

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Melbourne weekend auctions secured a preliminary clearance rate of 59 per cent after 355 results were reported. 
There were been 527 auctions scheduled with 42 properties withdrawn from auction.
Sydney recorded a 64 percent preliminary clearance rate from 310 reported results, according to Domain.
 There were 529 auctions scheduled for auction, with 75 properties withdrawn. 
Sydney’s lower north shore suburb, Waverton had the top weekend sale when a triplex sold for $4 million.
The 642-square-metre property at 29 Balls Head Road fetched $200,000 above the reserve.
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<div class="css-18biwo" data-testid="property-features-wrapper">There were seven bedrooms ands four bathrooms at the property which last sold three decades ago at $430,000 in 1988.</div>
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Belle Property had eight registered bidders, with three bidding throughout the auction. 
Melbourne's top sale was in North Carlton at $3,276,000 for <a href="https://www.realestate.com.au/sold/property-house-vic-carlton-133708814" target="_blank">22 Macarthur Place</a> (pictured main).
The price guide had been $2.65 million to $2.9 million.
It once hosted Australia’s first intercolonial handball competition in 1873, and is now known as the Court House.
Then was converted into a brick factory.
Set on one of Carlton's prettiest squares, the home and studio was created by architect John Mockridge in the 1970s.
There have been some renovations since to the three bedroom, two bathroom home with comes with a 1050 bottle cellar.
It last sold at $1,405,000 in 2009.
An Edwardian Kew home at 16 Miller Grove sold for $2.54 million.
In Brighton, a four-bedroom Victorian home at 137 Male Street sold for $2.47 million to a Sydney family relocating to Melbourne.
There were three bidders for the home that last sold at $2.35 million in 2018.
Brisbane had the cheapest sale among the capital cities.
It was $246,000 for a two bedroom house at 10 Dampier Street, Eagleby.
It last sold at $28,000 in 1978.
AMP Capital chief economist Shane Oliver told Domain the ongoing impact of coronavirus — including job losses and stalling immigration — would see the market weaken in the coming months.
“Sydney’s results are still pretty soft and the coronavirus outbreaks in Melbourne would be adding to the cautiousness in the market there,” Dr Oliver said.
“Normally, Melbourne would have more listings than Sydney but that hasn’t been happening in recent weeks.”
CoreLogic calculated there were 1,424 homes scheduled for auction over the past week returning a preliminary auction clearance rate of 64.5 per cent. 
It was the highest number of auctions held in nine weeks.
The previous week saw 1,251 homes taken to auction returning a preliminary clearance rate of 66.1 per cent, which later revised down to 59.6 per cent at final figures. 
This time last year saw 1,295 homes taken to auction across the capital cities and a clearance rate of 62.9 per cent was recorded.  
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Historic North Carlton 1970s styled home sells at weekend auction

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Sydney’s preliminary weekend success rate sat at 69.5 per cent, after 449 auctions, 46 withdrawals and 259 reported results.
It outdid Melbourne where Domain reported a 57 per cent clearance rate on Saturday from 272 reported results. There were 410 properties scheduled for auction, 37 of which were withdrawn.
Melbourne has the top reported result when $4.12 million was paid at a Marshall White auction of 33 Bangarra Road, Canterbury.
The five-bedroom, Federation-style home sold for $470,000 above the reserve as three bidders fought it out.
The property last sold for $521,000 in 1998.
Sydney's top sale was $3.8 million for the three bedroom 24 Flinton Street, Paddington (pictured below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/15/paddo.jpg" alt="">
It sold to an expatriate buyer at its reserve price.
The price guide had been $3.5 million.
The nation's cheapest sale was $256,000 for the one bedroom at 7/15 Navigator Street, Maribyrnong (pictured below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/15/maribyrnong.jpg" alt="">
The next cheapest was $261,000 on Brisbane's outskirts when a four bedroom home for 36 Nyanza Street, Woodbridge.
It last sold at $245,000 in 2007.
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Sydney remains the standout winter weekend auction capital city

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There are 472 capital city auctions being tracked by CoreLogic this week, increasing on the 417 auctions last week.
CoreLogic data shows that while volumes are up over the week, auction activity remains significantly lower than what we would usually see, with 2,055 auctions held over the same week one year ago.
<img src="https://www.urban.com.au/images/2020/5/21/CL%20MAY%2021.JPG" alt="">
Sydney is expected to be the busiest auction market for yet another week, with 245 homes scheduled to go under the hammer this week, up on the 194 auctions last week.
There are 123 Melbourne homes scheduled for auction this week, down by only 4 auctions on last week’s final numbers.
Auction activity remains subdued across the smaller cities, with Brisbane &amp; Perth the only capital cities set to see an increase in volumes, with activity across Canberra expected to remain steady over the week and quite a bit lower in Adelaide.
Tasmania has just 2 auctions scheduled this week.
<img src="https://www.urban.com.au/images/2020/5/21/30%20birch.JPG" alt="">
An example of Sydney's auction volume is <a href="https://www.realestate.com.au/property-house-nsw-birchgrove-133456446" target="_blank">30 Rose Street, Birchgrove</a> (pictured above).
The three bedroom one bathroom townhouse sits on a 208 sqm block.
It comes with an auction price guide of $2,000,000 - $2,200,000.
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Auction volumes rising again as clearance rates stabilise

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There were just 109 auctions scheduled in Melbourne on Saturday, some six weeks into the online system, with the Domain Group recorded a preliminary clearance rate of 47 per cent.
It was from just 53 reported results plus 29 withdrawn properties.
Homes withdrawn from auction are counted by Domain as unsold when calculating the clearance rate.
There were 126 auctions scheduled across Sydney on Saturday, on the first weekend when vendors could switch campaigns to onsite in-person auctions with social distancing.
Domain Group recorded a preliminary clearance rate of 68 per cent from 73 reported results plus 21 withdrawn properties.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/5/11/Domain%20auctions.jpg" target="_blank">click here</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/11/Domain%20auctions.jpg" alt="">
There were just a few onsite auctions that went ahead.
Others including a Surry Hills terrace were sold pre-auction.
Not every buyer was comfortable to bid on-site on the first weekend back such as a five-bedroom house at 18 Eastcote Road, North Epping that attracted a mix of buyers on different platforms.
Four parties registered to bid: just one attended the auction on-site, another on the phone and two logged onto computers from home.
The property sold for $1.711 million to the bidder at the on-site auction.
“Real estate agents should limit the number of people viewing a property and attending an auction, follow stringent cleaning and safety guidelines, ensure clients do not touch surfaces and always have hand sanitiser available,” the NSW Treasurer Dominic Perrottet said.
“If we want to keep as many people in jobs as possible and businesses in business it is important to follow the safety advice and not put others at risk,” Mr Perrottet said.
“If people are not genuinely in the market for a new home, now is not the time to be having a look through their neighbour’s house.”
The nation's top selling sale was 30 Augustine St, Hunters Hil which sold for $1,917,000.
The nation's cheapest sale was $382,000 for a two bedroom unit at 8/30 Ashley St, Reservoir, according to Domain.
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Across the smaller capital cities Canberra returned the highest preliminary clearance rate of 57 percent with 25 listings.
The other capitals did not have sufficient data for a clearance rate.
 
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Sydney's onsite/online residential auction mix sees 68 percent success rate while Melbourne online sits in the 40s

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Sydney weekend clearance rates remain strong after another RBA rate cut encouraged buyers who've yet to show coronavirus induced recession fears.
Elsewhere public holidays in four of the eight states and territories meant the 1456 number of homes was less less than half the number last week (3026).
Across the capitals the preliminary clearance rate rose from 73.9 per cent to 74.8 per cent.
Sydney’s was again the strongest auction market at 82 per cent.
Its highest sale was at 8 Wallis Street, Woollahra.
It sold through Ben Collier and Fraser Turvey at The Agency for $6.1 million to buyers had been renting after selling their own home, looking to upsize in the local area.
It last sold for $3.4 million in 2015 with little more than a splash of paint in the meantime.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-118933903" target="_blank">8 Wallis Street</a> offering was four-bedroom, three-bathroom residence. 
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Built in 1888, the three-story residence features a ten-metre wide frontage, elegant lounge and dining areas, manicured gardens and two balconies. 
The home had ornate ceilings, original fireplaces and floorboards. 
The 367 sqm block is privately set between Centennial Park and the Queen Street village.
Sydney's most affordable auction this weekend was on <a href="https://www.realestate.com.au/sold/property-unit-nsw-rockdale-132933770" target="_blank">Watkin Street</a>, Rockdale.
The one-bedroom, one-bathroom unit sold pre-auction through PRD estate agents Nick Reskakis and Jonathan Kollias for $340,000 to a first time buyer.  
<div class="fluid-width-video-wrapper">Melbourne was the second busiest auction market, but the Moomba public holiday on Monday saw just 404 auctions.</div>
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<div class="fluid-width-video-wrapper">There was a reduced 68 per cent success rate, down from 77 per cent the weekend before.</div>
CoreLogic auction analyst Kevin Brogan attributed the declining rate to weaker participation due to the long weekend.
The city’s highest disclosed sale was Marazion, a three-bedroom, two-bathroom at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-132961506" target="_blank">Faversham Road, Canterbury</a>.
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The 1920s-built home sold for $2.89 million through Jellis Craig estate agents Simon Lord and David Banks.
The elegant Victorian property showcases a Spanish Mission façade, and impressive craftsmanship with its diamond headlights, stained glass windows, and solid timber features throughout.
The 715 sqm home last sold for $850,000 in 2003.
Adelaide's top sale was a three-bedroom, two-bathroom sandstone villa at <a href="https://www.realestate.com.au/property-house-sa-unley+park-132392842" target="_blank">Northgate Street, Unley Park</a>.
The 894 sqm villa sold for $1,395,000 through Toop &amp; Toop estate agents Peter McMillan and Eloise McMillan. 
 
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Sydney weekend auction rates hover above 80 percent

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Capital city auctions saw a national success rate hovering around 78 per cent. 
Canberra recorded the highest clearance rate this weekend with 90 per cent, while Sydney sat at 80 per cent.
Melbourne was the busiest auction market with just over 700 auctions, according to CoreLogic. Sydney was the second busiest capital with 578 offerings.
Of the 386 Sydney results captured, 304 homes sold.
In Melbourne, 586 results were captured and 464 homes sold.
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Sydney had the most expensive sale among the capitals when <a href="https://www.realestate.com.au/property/74-cascade-st-paddington-nsw-2021">74 Cascade, St. Paddington</a> sold through Phillips Pantzer Donnelley prior to auction for $4,675,000.
It was architecturally designed by Noekdesign and newly rebuilt by Huntsman Constructions. 
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The former three-bedroom, two-bathroom house had previously sold for $2.3 million. 
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The 183 sqm block has been transformed into a luxury home with aged brass finishes, and Venetian plaster walls.  
There was also $4,510,000 pre-auction ocean-view sale at <a href="https://www.realestate.com.au/sold/property-house-nsw-clontarf-132769278" target="_blank">10 Peronne Avenue, Clontarf </a>through Stone Estate Agents. 
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The four-bedroom, two-bathroom house was previously sold for $3,120,000 in 2009.
A six-bedroom, three-bathroom house at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-132617658" target="_blank">25 South Street, Strathfield</a> sold at auction for $4,420,000 through Richard Matthews. 
Sydney's most affordable auction was at <a href="https://www.realestate.com.au/property/unit-10-39-bathurst-st-liverpool-nsw-2170?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline" target="_blank">10/39 Bathurst, St. Liverpool</a> which sold for $340,000 through RW Parramatta. 
Domain reported the highest residential sale in Melbourne was a four-bedroom, two-bathroom house at <a href="https://www.realestate.com.au/property/50-chaucer-st-st-kilda-vic-3182" target="_blank">50 Chaucer Street, St Kilda</a>. 
The 399 sqm holding sold through Belle Property for $3,710,000. 
There had been a $2.7 million to $2.9 million price guide, with an opening bid of $3 million from the first of three bidders
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Melbourne's cheapest auction sale at <a href="https://www.realestate.com.au/property-apartment-vic-richmond-132818338" target="_blank">8/182 Coppin, St. Richmond</a> sold through Biggin &amp; Scott Richmond for $290,500. 
The one-bedroom, one-bathroom apartment price guide had been between $265,000 and $290,000.
Brisbane's priciest listing at <a href="https://www.realestate.com.au/property-house-qld-highgate+hill-132566870">19 Rosebery Street, Highgate Hill</a> did not sell.
Brisbane's highest sale was <a href="https://www.realestate.com.au/property-house-qld-new+farm-132599094" target="_blank">12 Clay Street. New Farm</a> which sold through Ray White at $1,895,000.
Built in 1890, it last sold for 1,030,000 in 2014.
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The five-bedroom, three-bathroom house is situated on 298 sqm of land.
Brisbane's most affordable house sale at <a href="https://www.realestate.com.au/property/45-grice-cres-ningi-qld-4511" target="_blank">45 Grice Crescent, Ningi</a> sold for $370,000 through Raine &amp; Horne.
The three-bedroom, two-bathroom house sold at a loss with its last sale in 2013 for $413,900.
The shock sale of the weekend was when the garage at <a href="https://www.realestate.com.au/property-residential+land-vic-albert+park-202587130" target="_blank">32 Little Graham Street</a>, Albert Park, belonging to a retired plumber, Frank Davis, fetched $645,500. 
It sold through Greg Hocking, whose price guide had been $365,000 to $400,000. 
The 90-year-old  paid $8000 for the property in 1984 for <a href="https://www.realestate.com.au/news/albert-park-garage-sells-for-645500-at-hot-auction/" target="_blank">"storing my plumbing gear"</a>. 
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Some seven bidders battled for the 46 sqm real estate among a 100-plus crowd.
The buyers, Lola and Brenton Smith of Templestowe Lower, secured the property. 
Canberra's auction volume was down. 
However, Canberra recorded the strongest clearance rate of 90 per cent. 
The most expensive sale was <a href="https://www.realestate.com.au/property/6-welsh-pl-chifley-act-2606" target="_blank">6 Welsh Place, Chifley</a>, a four-bedroom, two-bathroom house which fetched $1,135,000 through McGrath Woden. 
It was last sold for $235,000 in 2002. 
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Canberra's most affordable auction sale was a three-bedroom, one-bedroom house at <a href="https://www.realestate.com.au/property-house-act-holt-132845330" target="_blank">16 Sellwood Street, Holt</a>.
Built around 1975, the 104 sqm residence sold for $496,000 through Luton Properties.
There were 14 registered bidders at an auction in Canberra for a large home at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG/82IddyOwvlx0uwzb2nnICtXdeXxuax8&amp;rh=ff005a1eb05551cdee63205ebf489cee80dc7e19" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">16 Bussell Crescent, Cook</a> which sold for $1.3 million to a local family.  
Ray White agent Troy Reddick noted the average number of bidders was rising "so we’re expecting to have a strong year.” 
Adelaide had the cheapest sale among the capitals with <a href="https://www.realestate.com.au/property-house-sa-davoren+park-132767686" target="_blank">12 Walpole Street, Davoren Park</a> through Harcourts.
The 720 sqm land parcel sold at a loss for $117,000 at its mortgagee auction.
The three-bedroom, one-bathroom property last sold for $127,000 in 2005. 
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There were 1,555 homes taken to auction across the combined capital cities this week.
It was 1,167 auctions were held last week, returning a revised clearance rate of 67 per cent, according to CoreLogic.
Over the same week last year, auction volumes were slightly lower with 1,450 homes going under the hammer across the combined capital cities, returning a final auction clearance rate of just 51 per cent.
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Sydney clears 80 per cent of real estate at weekend auction, Melbourne 79 per cent

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The last big auction weekend before Christmas saw continued strong listing and buying activity across Melbourne.
Some 1,394 Melbourne homes were taken to auction, returning a preliminary clearance rate of 73 percent.
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The top sale was <a href="https://www.marshallwhite.com.au/property/3a-st-martins-close-kooyong-857637/" target="_blank">3A St Martins Close, Kooyong</a> (pictured main) which fetched $2.99 million, with six registered parties.
The contemporary four bedroom, three bathroom home sold through Marshall White whose price guide had been $2.1 million to $2.3 million.
It was built two years ago on its 509 sqm block.
Melbourne's cheapest sale was $175,000 when the studio apartment at <a href="https://www.edwardthomas.com.au/listings/residential_sale-2086708-flemington/" target="_blank">32/22-28 Canterbury Street, Flemington</a> (below) was sold.
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It had been listed with $170,000 to $180,000 having sold earlier this year at $172,000.
Edward Thomas selling agent Evie Glentzes said the top floor apartment had been recently "refreshed."
It had been a $230 a week rental.
Over the previous week, a higher 1,520 homes were taken to auction across Melbourne, returning a 73 percent final clearance rate, according to CoreLogic.
Over the same week last year, a much lower clearance rate of 44 percent was recorded across 1,173 auctions.
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There were 846 homes taken to auction across Sydney this week, down on the week prior when 976 auctions were held.
Preliminary results show a clearance rate of 73 percent, which was around last week’s final result.
One year ago, 723 auctions were held across Sydney returning a final clearance rate of only 38 percent.
The top sale in Sydney was at Dural when <a href="https://lumbyhampson.com.au/buy/real-estate/1425181/7-wyoming-road-dural-nsw-2158" target="_blank">the Duralong acreage estate</a> (below) fetched $5.08 million with four registered bidders.
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The two hectare holding with five bedroom, five bathroom home is set within manicured gardens with inground saltwater pool and championship size tennis court .
The 7 Wyoming Road home sold through Kate Lumby and Will Hampson having last sold six years ago for $3.025 million.
The weekend listings were much higher than anticipated, the boss of SQM Research Louis Christopher noted for what, effectively, was the last auction weekend of 2019.
"It has been an eventful one for the housing markets," he noted, saying a "V shaped recovery" came with the bottom of the market occurring immediately after the May election.
Both Sydney and Melbourne saw strong" finishes to the year, the chief economist at AMP Capital Shane Oliver said. 
Melbourne has around 240 scheduled auctions for next Saturday December 21, with 120 offerings in Sydney, according to Domain, although many agents will seek to find a buyer ahead of auction, or withdraw the property from auction if buyer interest is not sufficient.
The final week of auction reporting for the year saw the national combined capital city clearance rate drop just below 70 per cent, with the CoreLogic head of research Tim Lawless advising volumes were seeing their usual seasonal taper.
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There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by 5.6 percent on last week’s 2,912 auctions.
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Preliminary results show a clearance rate of 69 percent, after last week’s final clearance rate of 71.1%.
One year ago, 2,406 auctions were held across the combined capitals, with only 40 percent returning a successful result.
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The smaller capital cities returned varied results, with Adelaide coming in with the highest preliminary clearance rate of 60 percent, while only 34 percent of Perth homes sold at auction.
There was a 45 percent success rate in Brisbane. It was 57 percent in Canberra.
The nation's cheapest sale was $126,000 when LJ Hooker sold a one bedroom unit at <a href="https://queanbeyan.ljhooker.com.au/unit-in-queanbeyan-nsw-2620-au-1czhfan?search=%2fsearch%2fproperty-for-sale%2fpage-1%3ffilter%3dauctionsonly#.XfWaii2B18c" target="_blank">31/22 Mowatt Street, Queanbeyan East</a>.
The 33 sqm space had last been up for rent at $190 a week three years ago.
"Auction activity won't pick up in earnest until February," Lawless said.
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