Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

[smartcode_project:default project_id=134323 project_image_fid=6384]

The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

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[smartcode_project:default project_id=134323 project_image_fid=6382]

ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

[smartcode_project:default project_id=134323 project_image_fid=6399]

Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

[smartcode_project_cta:default project_id=134323]

Joel Robinson

ALAND unveils The Walden, North Sydney latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

[smartcode_project:default project_id=89243 project_image_fid=242696]

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“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

[smartcode_project:default project_id=89243 project_image_fid=310789]

Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

&nbsp;

Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

[smartcode_project:default project_id=89243 project_image_fid=242695]

“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-storey project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm site.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

[smartcode_project:default project_id=509 project_image_fid=335425]

Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335414]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

[smartcode_project:default project_id=509 project_image_fid=335415]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Now selling from $640,000 to $3.95 million, with off-the-plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

[smartcode_project_cta:default project_id=114189]

Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

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The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

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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Craigieburn

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