Fresh off completing Pienza Neutral Bay, developer <a href="https://www.apartments.com.au/developers/central-element">Central Element</a> is preparing its next move in the coveted Lower North Shore suburb.&nbsp;

Central Element (CE) has lodged plans for an eight-storey apartment building at <a href="https://www.apartments.com.au/new-apartments/54-64-barry-street-neutral-bay-nsw-2089">54–64 Barry Street</a>, a 1,659 sqm site just south of Military Road and the Neutral Bay town centre.

The $52 million development will involve the demolition of four detached homes across four lots to deliver 45 apartments, including eight affordable housing units to be managed by Bridge Housing. The mix will comprise six one-bedroom apartments, 24 two-beds, and 15 three-beds. The apartments will sit above three basement levels with 62 car parking spaces and 50 bicycle spaces.

<a href="https://www.apartments.com.au/architects/mhn-design-union">MHN Design Union</a> (MHNDU) has returned as architect following its work on Pienza, again shaping a mid-rise form with a clear street presence. The design features a lower four-storey podium element that responds to surrounding context, with upper levels recessed to reduce perceived bulk. Communal open space is proposed both at ground level and on the rooftop, the latter including an outdoor kitchen and swimming pool.

“The building has been designed with a lower four-storey element and with building materials commensurate with the character of the area,” Beam Planning noted in its submission to the North Sydney Council.

<img alt="Barry Street, Neutral Bay Nsw 2089" data-entity-type="file" data-entity-uuid="3a28ab3a-b8ba-4476-81cd-e4a8bb84f3a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Barry-Street-Neutral-Bay-1327x742.png?VersionId=hlgvxszAWXIHgHtdR5HiwIKiSli2lLZV" />

Bridge Housing will manage the affordable units for a period of 15 years, as required under the Housing SEPP’s incentive provisions.

MHNDU’s design report further highlights the site's strategic location just 250 metres from key bus stops and 1.3 kilometres from North Sydney CBD, positioning it for transit-accessible housing supply. In their planning justification, the design team emphasised the site’s compatibility with emerging local character and scale.

Central Element has a solid apartment pipeline spread all over Sydney. They recently completed&nbsp;Pienza, 37 apartments just 500 metres away from the new project, and are currently building Ethos Chatswood, Ballamac House in Coogee, and Bianca on the harbour in Drummoyne.

They have plans for future projects in Mosman, Bondi Beach, Greenwich, Lavender Bay, along with a tower on the edge of Hyde Park.

Joel Robinson

First look: Central Element unveils second Neutral Bay apartment project

Real estate investment fund Wentworth Wentworth Equities is soon to launch a "Los Angeles-inspired" residential, leisure and lifestyle precinct in Brisbane’s Hamilton riverside ahead of the predicted Olympic-led population explosion for the city.

Drawing its style inspiration and name from Los Angeles’ renowned The Grove, <a href="https://www.apartments.com.au/new-apartments/hamilton-grove-19-hercules-street-hamilton-qld-4007">Hamilton Grove</a> will feature three residential towers and a vibrant street-level public precinct with curated luxury lifestyle, retail and dining offerings.

The first of the three towers, to launch in March 2026, will comprise 61 apartments, in the same building as a premium hotel.<img alt="Hamilton Grove" data-entity-type="file" data-entity-uuid="d227fe61-8392-45b7-b386-9133f29a249f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-19%20at%209.10.56%E2%80%AFAM.png?VersionId=HTCV35HZ4h84jQCmHwhsdIPN0ctO5d7Z" />

Wentworth Equities Executive Chairman Sameh Ibrahim said the precinct will be unique in its appeal to both residents and the wider community.

“Hamilton is already one of Brisbane’s most sought-after riverside suburbs and for good reason,” Ibrahim said.

“Where else in the world can you walk out of your front door and have everything you could possibly need at your fingertips? The city is just around the corner, the airport is only ten minutes away, you have the river and green spaces right there and premium retail and dining on your doorstep."

Wentworth Equities acquired the 7637 sqm Hercules St site in 2014, when Ibrahim said he had a "very clear vision" for the precinct, but ultimately it wasn't the right time to develop. He said Hamilton was still very much an "emerging precinct."

“Since then, Hamilton and surrounding suburbs like Ascot and Albion have significantly grown and matured into a precinct that aligns with our vision for Hamilton Grove. Brisbane as a whole has so much to offer in the way of lifestyle appeal, but as it stands it is so widespread – you go to Howard Smith Wharves for fine dining, you go to James Street for shopping, you go to West End to walk along the river – but what if you could go to Hamilton Grove for everything?

“Our vision is a precinct that brings together the best of Brisbane into one central space abundant with culture, class and culinary experience – a place that a lucky few will get to call home, but the rest of Brisbane still get to explore and experience at their leisure.”

<img alt="Hamilton Grove" data-entity-type="file" data-entity-uuid="46550990-8aeb-44d4-bb47-150cdca96529" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-19%20at%209.10.50%E2%80%AFAM.png?VersionId=bmCkApPKY_Bj3z02Q8vI7Kyo_caJXOnv" />

Experienced civil engineering contractor Mainland Civil has been appointed to commence early works for the project, adding Hamilton Grove to their extensive portfolio where it will join other iconic Brisbane developments including Queens Wharf, 300 George Street, Infinity Tower and 1 William Street.

Construction on Tower One is scheduled to commence in early 2026 with completion expected in late 2028.

Fast Facts 
 
• Three residential towers and a vibrant street-level public precinct with curated luxury lifestyle, retail and dining offerings. 
• Construction on Tower One is expected to commence in Quarter One 2026, with completion expected in late 2028. 
• 7,637 square metre site at 19 Hercules St, Hamilton (part of Economic Development Queensland’s 304 hectare Northshore Hamilton Priority Development Area). 
• 61 waterfront residences and skyhomes in the first tower, ranging from two to five bedrooms. 
• Hamiton Grove will be officially launched in March 2026.

"LA-inspired" Hamilton Grove to launch on Brisbane riverside

There’s a quiet patch of <a href="https://www.apartments.com.au/developments/hawthorn-vic-3122">Hawthorn</a>, between the bustle of Glenferrie Road and the curve of the Yarra, that rarely sees change, and even more rarely, new apartments. But that’s exactly where <a href="https://www.apartments.com.au/developers/pomeroy-pacific-quattro-corp">PQD</a> is planting Kooyongkoot: a deliberate, 18-residence answer to the question of what downsizers actually want.

“This is something this pocket of Hawthorn has never seen before,” says Fil Gacesa, head of sales at PQD. “<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a> will deliver just 18 large-scale apartments in the heart of Hawthorn. It is the true definition of resort-style living.”

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/59D7VxzltmM?si=1iCzRD7FRneKryfv" title="YouTube video player" width="560"></iframe>

That scale is central to the story. It’s what allows for two dedicated lift cores, short corridors, and a generous lightcourt that draws natural ventilation and sunlight into every residence. It’s also what makes room for the sort of amenity usually confined to high-density towers: a fully equipped wellness centre with infrared and traditional saunas, yoga and pilates studio, cold therapy shower, and treatment room. There’s a golf simulator, car and dog wash stations, and extensive storage too, not bolted on, but baked in from the start.

But more than the checklist, it’s the design intent that carries weight. “This project has been many years in the making,” says Mark Pomeroy, Director of PQD. “Not just in planning, but in listening, to what our buyers and the local community are looking for”.

[smartcode_project:default project_id=102717 project_image_fid=355289]

That listening shows up in the materials, oak floors, natural stone, V-ZUG appliances, and in how space is handled. Penthouses feature private rooftop terraces with pools. Terraces and garden residences embrace outdoor connection. Inside, the layouts skew large and open, geared for hosting, not just housing.

Architecturally, <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>’s approach is grounded. There’s no reaching for spectacle here. Instead, the building offers a sculptural calm, anchored by landscaping from Eckersley Garden Architecture.&nbsp;

“We wanted to create spaces that feel expansive, serene, and meaningfully connected to daily life,” said founding partner Chris Stribley elsewhere.

[smartcode_project:default project_id=102717 project_image_fid=355304]

That sentiment, calm, connection, echoes in the location itself. Kooyongkoot sits just a short stroll from Central Gardens, Fairview Park, and the Rivoli Cinema. Tram lines and schools are close, but the street is tucked, quiet, and leaf-lined.&nbsp;

“Residents of Kooyongkoot will be a short stroll from Fairview Park, Central Gardens, and the Glenferrie Road retail strip," Gacesa notes, "but you're also cocooned in this peaceful pocket behind extensive landscaping by Eckersley Garden Architecture.”

Kooyongkoot is set for completion in late 2026.

[smartcode_project_cta:default project_id=102717]

Staff Writer

The project that said no to compromise: Inside Kooyongkoot, Hawthorn

When long-time Ivanhoe locals Graeme and Catherine, decided it was time to downsize, they weren’t necessarily in a rush.&nbsp;

Like many in their stage of life, they had started thinking about apartment living, but anticipated making the shift in two to three years.

That timeline changed when they visited <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, a new boutique development by <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>. The project ticked all the boxes they were looking for: location, quality design, and long-term lifestyle benefits, which prompted them to bring their decision forward.

“It was the right place at the right time,” they said. “We knew immediately it ticked all the boxes, and we didn’t want to wait.”

[smartcode_project:default project_id=342 project_image_fid=358855]

Their decision to downsize was driven by a combination of practical needs and lifestyle considerations. Their existing home, while much loved, had become increasingly difficult to maintain. It spanned multiple levels, included extensive front and back gardens, and was starting to show the wear that comes with age.&nbsp;

They were looking for a more manageable lifestyle, one with less upkeep and more freedom. A brand-new apartment with no maintenance requirements and the ability to simply “lock up and leave” gave them peace of mind and a greater sense of control over their future.

Financially, the purchase made sense as well. The available stamp duty savings, strong price-to-value offering, and timing of the settlement suited their plans, making the transition smoother and more cost-effective. The apartment's design and inclusions further supported their choice.

[smartcode_project:default project_id=342 project_image_fid=357493]

The layout was both functional and flexible: three bedrooms, a butler’s pantry, a separate laundry, and a large open-plan living area. It gave them the freedom to host a family, accommodate guests, or set up a home office. The expansive balcony and elevated views added to the appeal, providing a sense of openness and connection to the outdoors.

“It just had a really good flow,” Catherine noted, something they found lacking in many other apartments they’d considered, particularly in the established market.

Candela’s boutique scale was another deciding factor. With a smaller number of residences and a top-floor penthouse position, the couple felt the development offered the privacy and space they were looking for, without feeling isolated.

“We liked that it wasn’t a huge development. It felt well-balanced, modern but still with a sense of community, not overwhelming,” they said.

[smartcode_project:default project_id=342 project_image_fid=357508]

Equally important was the ability to remain in Ivanhoe, a suburb they know well and have deep roots in. After 46 years in the area, proximity to local parks, shops, and familiar faces mattered just as much as the apartment itself.

“We didn’t want to give up the community we’ve known for decades. Candela allowed us to upgrade our lifestyle while staying in the place we call home.”

With a Walk Score of 90, the village location supports a convenient, connected lifestyle. <a href="https://www.apartments.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a> Station is just a eight-minute walk away, and the neighbourhood offers access to parks, cafes, restaurants, and schools along Upper Heidelberg Road, all within easy reach.

Beyond the apartment, the couple also saw value in the broader vision for Candela, one that integrates residential living with public spaces and local amenities.&nbsp;

The development introduces 58 new apartments as well as a mix of commercial and social spaces that integrate contemporary architecture with the suburb’s existing character.&nbsp;

At ground level, residents will find a charming café and a lifestyle wellness centre, perfect for unwinding and rejuvenating. Meanwhile, the rooftop garden offers a stunning vantage point for residents to enjoy breathtaking sunsets, host gatherings, or enjoy barbecues with family and friends. It's not just a place to live; it's a vibrant community where every moment is an opportunity to connect and create lasting memories.

[smartcode_project_cta:default project_id=342]

Why Ivanhoe locals are choosing to downsize to Candela

Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

Project management and construction management firm Creative Vision filed the plans for the&nbsp;multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="34797362-f3dc-4d84-8235-2657fc5f3bde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Plan.png?VersionId=Uzckrz9tUpDQl5lX1_WMhjnv16bsr8wG" />

The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="369d7b54-1279-4cde-88ec-dcb215594414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podium_1.png?VersionId=QArL7B2kkLt63vl5xvL0FNV_ardAlez4" />

The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

First look: 900-home mixed-use precinct planned for Leppington

Craigieburn

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If you're looking for a stylish new two or three bedroom townhome, Eastside at Highlands in Craigieburn, Stocklands latest development, might just be exactly what you're looking for.

Purchase a three bedroom townhome in Eastside at Highlands starting from just $465,000. Plus there are two bedroom townhouses available from as low as $415,000.

Buyers have the freedom to choose from a selection of architecturally designed floorplans, all of which offer landscaped backyards and secured garaging.

[smartcode_project:default project_id=92985]

All homes include timber-look laminate floors and cosy carpets, with a selection of three colour schemes available to choose from. 

The kitchens boast high quality stainless steel appliances, sleek composite stone benchtops and a spacious island bench with integrated sink.

Bedrooms feature built-in wardrobes and the bathrooms are fit with fully tiled showers, bathtubs and vanities with ample storage.

The two bedroom homes offer 140 sqm while the three bedroom homes offer between 164 and 167 sqm.

<a href="/new-townhouses/highlands-1-north-shore-drive-craigieburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east_at_highlands_room.png"></a>

Located in the growing suburb of Craigieburn, just on the edge of Melbourne, there's plenty on offer in terms of amenities at Eastside on Highlands, 1 North Shore Drive.

The development is situated just a stone's throw from Highlands retirement village, Aitken Creek Primary School, Hume Global Learning Centre, with Craigieburn Central Shopping Centre, Splash Aqua Park and Leisure Centre and the award-winning Treehouse park within walking distance. Also in the area is a proposed new community centre, Aitken Creek, and many sporting facilities.

Eastside at Highlands is set for completion in September of this year, <a href="/new-townhouses/highlands-1-north-shore-drive-craigieburn">don't miss out!</a>
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If you're looking for a stylish new two or three bedroom townhome, Eastside at Highlands in Craigieburn, Stocklands latest development, might be exactly what you're looking for

jordan_55689

Brand new townhome development in Craigieburn: Discover Eastside at Highlands

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Potter George Group achieved record sales volume at its outer Melbourne residential projects over the Christmas period.

The group sold 67 lots across its Trijena and Kerani Heights (pictured above) projects in Melbourne’s northern growth corridor.

“Our sales were constantly solid throughout the year, capped off with a particularly strong December with Trijena selling 50 lots for the month and Kerani achieving 17 sales,’’ said project manager Scott Payten.

It took sales in Trijena to just over 400 of the 624 available lots.

“Enquiry has been highly encouraging for the start of 2021 and we look forward to building on this strong momentum,’’ Mr Payten said.

Trijena is located 33km from the CBD and close to train stations at Craigieburn and Donnybrook.

The $175 million project comprises 624 lots in total, surrounded by shopping and medical centres, schools, colleges and a host of sporting and leisure centres either underway or in planning.

Restricted to 200 easy-building homesites in a range of sizes, Kerani Heights is located in the new suburb of Fraser Rise which is adjacent to Caroline Springs.

The project is a short drive from established amenities including, Watergardens Shopping Centre and Central Shopping Centre both at Caroline Springs, schools and colleges, medical centres, national parks and public transport options.
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The group sold 67 lots across its Trijena and Kerani Heights projects in Melbourne’s northern growth corridor

jchancellor

Potter George Group secure record sales volume in outer Melbourne over Christmas break

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A double storey townhouse in Craigieburn, Victoria has been sold by mortgagee for $320,000.
It was listed by Joseph Sassine from Jason Real Estate Tullamarine. 
The home at<a href="https://www.realestate.com.au/sold/property-house-vic-craigieburn-133271722" target="_blank"> 27/29 Ardsley Circuit </a>comprises lounge area, modern kitchen, dining and means area, and two bedrooms. 
It also features laundry, power room, rear yard and lock up carport. 
The home was last sold in 2013 for $329,000. 
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j.ballantyne1990-6AQqhLzZaK

Craigieburn, Victoria mortgagee home sold for minor loss

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Craig McKellar of CVA has just leased a commercial space in the Craigieburn Plaza at Craigieburn.
The fully fitted 86sqm property at Shop 5, 32-38 Craigieburn Road was leased on a 3 + 3 + 3 year lease term.
Universal Real Estate are the lessors at a rate of $50,000 per annum equating to a building rate of $581.40/sqm.
featuring a frontage of 7 m, the property contains three separate offices, reception, staff amenities and in excess of 300 public car spaces.
Located within a recently developed estate, the property is within close proximity to Dynon Road, CityLink and Melbourne's CBD.
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Universal Real Estate leases Cragieburn Plaza space

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This weekend sees Cragieburn vie with Richmond as the busiest auction locates, with both having 21 auctions.
Offerings this weekend at Craigieburn include <a href="https://www.realestate.com.au/property-house-vic-craigieburn-129173314" target="_blank">25 Brickwood Circuit</a> (pictured above).
The three bedroom two bathroom house is set on a 400 sqm block.
The holding last sold in 2009 for $345,081. The indicative selling price is $500,000 to $550,000.
<img src="https://www.urban.com.au/images/2018/9/19/Brickwood%202.JPG" alt="">
Another is <a href="https://www.realestate.com.au/property-house-vic-craigieburn-129185710" target="_blank">11 Flannery Street,</a> Cragieburn (pictured above).
The five bedroom two bathroom home comes with a price guide of $580,000 to $630,000.
Set on 448 sqm it features a solar powered water heating system.
<img src="https://www.urban.com.au/images/2018/9/19/Brickwood%203.JPG" alt="">
Busy Richmond sees <a href="https://www.realestate.com.au/property-house-vic-richmond-129202182" target="_blank">78 Coppin Street </a> (pictured above) go to auction.
It is a two bedroom one bathroom home with an accompanying price guide of $940,000 to $1,020,000.
The median house price in Richmond is $1,317,500.
<img src="https://www.urban.com.au/images/2018/9/19/Brickwood%204.JPG" alt="">
Another is <a href="https://www.realestate.com.au/property-house-vic-richmond-129128674" target="_blank">32 Jessie Street</a>, Richmond (pictured above).
With a price guide just above the median price, $1.395 million to $1.495 million the home is just 2 km from the CBD.
The home has its own one car garage.
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Richmond and Cragieburn competing for busiest suburb at auction this weekend

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A Craigieburn display home has been sold.
Ray White Craigieburn’s Trish Orrico secured $735,000 when 31 Dashing Road, Craigieburn went to weekend auction
The home was built three years ago but no one has ever lived in the property, she said.
“It’s only ever been a display home and that’s what’s attracting a lot of people to it.
"It’s the extra features like the ensuite, butler’s pantry and walk-in storage room.
"The quality of it sets it apart.”
Mr Orrico had a price guide to the four-bedroom, two-bathroom property of $640,000 to $695,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/17/cragieburn%202.jpg" alt="">
The home comes with four main bedrooms, light-filled lounge, expansive open-plan kitchen with large walk-in butler pantry, separate living and dining area with sliding doors and alfresco entertaining area plus private backyard garden.
Other features include heating &amp; cooling, alarm, walk-in linen cupboard, and double garage with internal access.
House sales in Craigieburn kicked off at $469000 at weekend auctions. 
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Dashing Road, Craigieburn display home sold

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Three of the four busiest suburbs for auctions are in Melbourne this week. 
Craigieburn tops the list with 22 homes scheduled for auction, followed by Epping (13) and Preston (12).
A three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-craigieburn-128508994" target="_blank">4 Zennor Court in Craigieburn</a> (above), has a price guide of $480,000 to $520,000 for its auction on Saturday.
Randwick in Sydney also features in the top 4 suburbs this week with 13 homes set to go under the hammer.
The combined capital cities are seeing a fewer auctions this week with 1,557 auctions scheduled, down almost 300 from 1,849 last week.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/28/Auctions%20this%20week%20graph.JPG" target="_blank">to enlarge.</a>
<img src="https://www.urban.com.au/images/2018/6/28/Auctions%20this%20week%20graph.JPG" alt="">
Melbourne is the busiest city for auctions again this week, with 735 auctions being tracked so far, although down from 941 last week.
Sydney has 606 auctions scheduled this week, down from 641 last week.
Perth is seeing a 11 percent increase in auction volumes this week, with 33 auctions scheduled, up from 29 last week, while volumes are down across the remaining cities.
Over the same week last year, 2,001 homes went to auction across the combined capital cities, with a clearance rate of 67.3 per cent.
Last week <a href="/expert-insights/buying/lower-auction-numbers-nationally-as-reservoir-again-the-busiest-suburb">Reservoir was the busiest suburb</a>.
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National auction numbers continue to decline as Craigieburn's the busiest 

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The REIV is expecting about 1,140 auctions in 335 suburbs this weekend.
The top auction locations this week are Craigieburn (22), followed by Preston with 17 and Northcote and Reservoir with 16 auctions.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/AUCTION%201.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/AUCTION%202.jpg" alt="">
 
A Craigieburn three bedroom house has been scheduled for auction on May 5 with a reserve price of $470,000 (pictured above).
It is presented by Don Jayawardene from Ray White.
<a href="https://www.realestate.com.au/property-house-vic-craigieburn-128092782" target="_blank">Positioned at 25 Chinnock Court</a>, the house features three bedrooms, formal living and balcony overlooking parkland.
It is close to Craigieburn Central &amp; Craigieburn Plaza, public transport, local schools and leisure facilities.
Another Craigieburn four bedroom house has been scheduled for auction on May 3 (pictured below).
It has been listed for $500,000 to 550,000.
<a href="https://www.realestate.com.au/property-house-vic-craigieburn-128065270" target="_blank">The 19 Mosman Way home</a> features single-level floorplan, quality inclusions and abundance of natural light throughout.
It comes with four bedrooms, open plan living/dining area and double garage spaces.
It's close to public transport, and with easy access to shopping centres, childcare and schools.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/19%20mosman%20way.jpg" alt="">
 
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Craigieburn set for bumper auction weekend

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Just 220 auctions are scheduled for this weekend in Melbourne, according to the REIV.
Craigieburn is the busiest location with seven auctions.
Its offering include a <a href="https://www.realestate.com.au/property-house-vic-craigieburn-126608662" target="_blank">four bedroom house</a> (above) with $500,000 to $550,000 hopes.
A clearance rate of 73 per cent was recorded last weekend compared to 74 per cent prior weekend and 78 per cent this weekend last year. 
There were 1,788 auctions reported to the REIV, with 1,300 selling and 488 being passed in, 226 of those on a vendor bid.
The REIV collected 95% of auction results last week with a total of 1,860 results including 43 withdrawn and 29 postponed.
 
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Craigieburn tops subdued Melbourne auction weekend

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Century 21 Australia Pty Ltd has been ordered to pay more than $109,000 in compensation, plus $28,000 in interest, after the misappropriation of trust account funds by an estate agent with which it was in a franchise agreement.
Century 21 Australia Pty Ltd (ACN: 003 145 346) was ordered to pay the funds into the Victorian Property Fund (VPF), after the misappropriation of trust accounts by an estate agent.
The actions of Victorian Realty Group Pty Ltd (ACN: 135 903 374), trading as Century 21 Complete Properties, caused 13 clients to lose money.
The company was deregistered in 2013.
Those clients received compensation from the VPF. 
In 2016, the Secretary to the Department of Justice and Regulation (of which Consumer Affairs Victoria is a business unit) took action in the Supreme Court of Victoria against Century 21 Australia to recover those funds and return them to the VPF. 
Under the Estate Agents Act 1980 (the Act) each party to a franchise agreement (that is, the franchisee or franchisor) is liable for any misappropriation by an estate agent subject to the agreement. 
The original case was dismissed, as the court found that the agreement between Century 21 Australia and VRG did not constitute a franchise agreement. 
The Secretary appealed that decision, and the Court of Appeal found that the agreement between the two parties was a franchise agreement.
As such, Century 21 was liable for VRG's defalcations, in accordance with the Act.
Real estate agents Kon Balasis and Victorian Realty Group Pty Ltd (VRG), operating as Century 21 Craigieburn, were permanently disqualified from holding estate agents’ licences after breaking the law on trust accounts.
At a hearing on 1 October, 2012, the Victorian Civil and Administrative Tribunal (VCAT) found that VRG and Mr Balasis breached the Estate Agents Act 1980 in relation to:
<ul>
<li>a deficiency in the Century 21 Craigieburn trust account of $166,935.27 on 27 March, 2012, regarding deposits paid on six property sales  </li>
<li>VRG holding deposits as a stakeholder pending completion of transactions and not retaining that money in its trust account until paid to the persons entitled.</li>
<li>VRG fraudulently omitting to pay about $177,000 to the persons entitled to that money, which money was being held by VRG as a stakeholder pending completion of sales of land. Mr Balasis at the time was an officer of VRG and he knowingly authorised these contraventions</li>
<li>VRG not keeping full and accurate accounting records so as to show the true position of all moneys it received.</li>
</ul>
VCAT also found that VRG breached the Sale of Land Act 1962 in that:
<ul>
<li>it received deposit moneys in the course of transactions for the sale of land and did not hold that money as stakeholder until the purchasers became entitled to those deposits.</li>
</ul>
The tribunal ruled that Mr Balasis was guilty of conduct as an estate agent that rendered him unfit to hold a licence and he was not of good character or otherwise a fit and proper person to hold an estate agent’s licence.
VCAT cancelled Mr Balasis’ licence and permanently disqualified VRG and Mr Balasis from holding a licence.
 
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