The Victorian Government has secured the passage of the Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026, introducing a suite of reforms aimed at improving consumer protection and confidence in the apartment market.

Resilience Insurance, Australia’s leading Latent Defects Insurance (LDI) provider, has welcomed the move.

The LDI elements of the Bill passed with bipartisan support and now moves to the Legislative Council where debate and passage are expected later this month. It represents a significant milestone in the national shift toward stronger, longer-term protection for apartment buyers.&nbsp;

The reform would deliver practical benefits across the housing system. Apartment owners will have stronger protection if major defects emerge, developers and builders will have a clearer quality framework to work within, and the State will reduce the risk of serious building failures becoming a long-term financial and social burden for households, communities and government.&nbsp;

LDI helps support apartment delivery while providing stronger protection for buyers and encouraging better construction outcomes.&nbsp;

Resilience LDI provides apartment owners with 10 years of insurance-backed cover for major structural defects from completion, with direct claim access to the insurer. This means owners are not required to first pursue developers or builders through costly legal action before accessing protection.&nbsp;

Resilience Insurance has been operating in Australia since 2022 and has already insured hundreds of development projects covering many thousands of apartments across Australia.&nbsp;

At approximately 1.8 per cent of build cost, it is a cost-competitive alternative to the traditional two per cent Strata Bond, bond while delivering significantly broader and longer protection.&nbsp;

“The Victorian Lower House vote shows that reforms like this succeed when they are practical, evidence-based and supported by industry," says Corey Nugent, CEO of Resilience Insurance.

"Victoria is moving quickly on a reform that will make a real difference for apartment buyers, while supporting better building outcomes and greater confidence in apartment delivery.

“This is step one. We look forward to the Bill completing its passage through the Legislative Council and to working with government and industry to implement the framework effectively.”&nbsp;

Fast Facts: What is Resilience LDI?&nbsp;

<ul>
	<li>Resilience Latent Defects Insurance (LDI): Covers major structural defects for 10 years from completion.&nbsp;</li>
	<li>Consumer-first: Direct claim access, no need for lengthy legal action.&nbsp;</li>
	<li>Cost advantage: At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.&nbsp;</li>
	<li>Market leader: Resilience Insurance is the first approved LDI provider in NSW.</li>
</ul>

The Building Legislation and Treasury Legislation (Tax Relief) Amendment Bill 2026 has passed the Victorian Lower House, putting Victoria on track to become the first state to legislate an industry workable LDI framework as a formal alternative to the Strata Building bond. 

Joel Robinson

10-year Latent Defects Insurance for new apartment buyers set to land in Victoria

Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.

Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.

There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" />

Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.

"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."

The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;

The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;

Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a>

Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a> 
&nbsp;

Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.

The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.

Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.

The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.

<img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" />

A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.

Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.

New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.

GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.

First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.

The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.

Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.

[smartcode_project:default project_id=135876 project_image_fid=368853]

The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.

GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available.

Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.

[smartcode_project:default project_id=135876 project_image_fid=368851]

The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.

The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.

[smartcode_project:default project_id=135876 project_image_fid=368852]

For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.

GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.

"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.

"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."

[smartcode_project_cta:default project_id=135876]

GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.

The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.

The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.

<img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" />

A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.

The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.

"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.

The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.

Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."

The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.

<img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" />

The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.

S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.

Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.

John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.

First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

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Businessman Dr Gary Weiss has been appointed to the Board of the Australian Rugby League Commission. 
ARL Chairman John Grant said Dr Weiss brought an impressive mix of business and sporting experience to the Commission. 
He said Dr Weiss who was educated in New Zealand and the US is well known and highly regarded in the corporate sector both in Australia and overseas. He is currently Chairman of Ridley Corporation and Secure Parking and is Executive Director of Ariadne Australia. 
He has served on the Boards of some of Australia’s leading companies including Westfield Group, Tower Australia, ClearView Wealth and Tyndall Australia. 
Dr Weiss also has a strong background and interest in rugby league. 
He was a director of Brisbane Broncos Ltd (formerly Pacific Sports Entertainment Ltd), an ASX-listed company which owns the Brisbane Broncos and was a member of the Roosters Chairman’s Club for more than two years. 
"He is his own man and will bring his intellect and experience to what is a robust but collaborative commission.
"He has a wealth of business experience and has indicated he has the time to devote to one of his keen interests in life, rugby league." 
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jchancellor-FAypfDUnLy

Veteran property player Gary Weiss appointed to ARL Commission

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Celebrity angler Andrew Ettingshausen and his wife Monique have yet to sell their Port Hacking home.
Listed with $4 million plus hopes last April, it now comes with $3.8 million plus hopes.
It is for sale by private treaty <a href="https://www.realestate.com.au/property-house-nsw-port+hacking-118420755" target="_blank">through Belle Property</a>. 
The five bedroom, three bathroom waterfront property with views to Maianbar and of the Royal National Park comes with a wet-edged pool.
The former Cronulla Sharks player, known as 'ET', retired after the 2000 NRL season.
<a href="https://www.mcgrath.com.au/buy/house-port-hacking-nsw-2229/196944/?searchID=38645262" target="_blank">The 1,130-square-metre property</a> with a boathouse, jetty and pontoon was bought more than two decades ago for $575,000 in 1990 when it was a modest two bedroom cottage.
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Celebrity angler Andrew Ettingshausen reduces Port Hacking asking price to hook buyers

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Rabbitohs NRL star Ben Lowe has sold his Botany investment apartment for $585,000.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-botany-nsw-2019/241723" target="_blank">The two-bedroom, one bedroom unit</a> at 4/47 Rochester Street came with a double lockup garage.
Lowe paid $453,000 for the 1970s unit in July 2010, reflecting 6% annual price growth.
It was available for rent at $450 a week several times during its ownership, most recently in April this year.
The price guide of over $550,000 was given for the 61 square metre apartment by Billy Couldwell of McGrath Coogee. 
Lowe watched from the sideline as his NRL side claimed their first premiership in 43 years. 
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Rabbitohs Ben Lowe's Botany investment scores 6% annual growth

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Former Melbourne-based NRL veteran Brett White has sold his Yarraville home at $766,000 through Jas H Stephens.
It was the family home before being poached to play in Canberra where he recently retired.
White and his wife Cassie bought the <a href="https://www.realestate.com.au/property-house-vic-yarraville-117705151" target="_blank">7 Finlay Street home</a> in 2006 for $410,000 when expecting their first child.
The three bedroom Yarraville property was in original condition when bought.
It was listed for rent in 2010 at $440 a week, and again in 2012 at $450 a week.
{qtube vid:=WBqFJQt5NyA}
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NRL veteran Brett White sells former Yarraville home

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Retired NRL Cronulla Sharks footballer Beau Ryan has listed his NSW South Coast home for rental as his burgeoning media workload has prompted a move to Sydney.
His house at Warilla on the South Coast near Wollongong <a href="https://www.realestate.com.au/property-house-nsw-warilla-413926055" target="_blank">has been listed for rent at $790 a week</a>. It was bought for $710,500 in 2011.
Its been speculated by the Sunday Telegraph columnist Phil Rothfield that he has bought in Sydney’s eastern suburb of Paddington.
Rothfield spotted the Channel Nine star and former Sharks winger having coffee with Mark Bouris and his manager Wayne Beavis at Luxe at Queens Court in Woollahra last Thursday.
Ryan says his family is moving from the Wollongong district to save the four or five hours he spends in the car each day because of his media commitments.
But he denied they were talking about a possible role on Celebrity Apprentice, the show Bouris hosts on Channel Nine.
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Football funny man Beau Ryan heading to Sydney's eastern suburbs

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Des Hasler, head coach of the NRL Canterbury-Bankstown Bulldogs, has spent $2.82 million to buy right on Collaroy Beach.

It is the circa 1905 cottage, Moana which sits on 967 square metres. 

The classic Australian beach cottage was last sold at $2.55 million when offloaded by the Minnett family in 2010.

[smartcode_project:default project_id=28070]

During the Minnett era, Moana was often the venue for beach side cricket for the Australian cricket team and visiting English cricket team.

The land was purchased in the 1890s by the Minnett family, of stockbroking fame, and the home was built around 1905 then later extended.

Three of the Minnett men were top cricketers, with Roy playing for Australia just after Federation and Les and Rupert representing New South Wales.

Hasler played in 309 matches in a first-grade career spanning 16 seasons, mostly spent with the Manly-Warringah Sea Eagles with whom he won two premierships, 1987 and 1996 before finishing his playing career with the Western Suburbs Magpies. 

Hasler, who coached Manly from 2004 to 2011 winning premierships in 2008 and 2011, retains a hillside Collaroy house that cost $2.5 million in 2011 having sold elsewhere in the northern beaches suburb at $3.5 million.
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Bulldogs coach Des Hasler buys on Collaroy Beach

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Newcastle Knights player Willie Mason has secured around $2.5 million for his Clovelly investment home.
<a href="https://www.belleproperty.com/40P0815" target="_blank">The two-bedroom semi </a>was passed in at its 21 June auction with no bids.
The Newcastle Knights forward property auction <a href="/news/newcastle-knights-prop-willie-mason-lists-clovelly-property-title-tattle">had attracted three registered parties</a>.
The two-bedroom designer semi opposite Clovelly Baths with views of Wedding Cake Island was bought in 2007 when the NRL player paid $2.3 million.
Subsequent negotiations to a local through Belle Property Bondi Junction Daniel Gillespie has secured its sale, but no sale price disclosure.
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Newcastle Knight Willie Mason sells Clovelly investment property

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Glenn Coleman, the former Cronulla rugby league player and Sharks club chairman, is selling a development site with approval for a residential apartment building.
The Canterbury development site at 2 Broughton Street is adjacent to the Canterbury railway station, and will be going to auction through Ray White.
Ray White Commercial NSW managing director Jeff Moxham, and project directors Marcello Bo and Peter Apostolou, are marketing the site.
The 1,405 square metre site has development approval for 42 residential apartments over seven levels, said Moxham. It would include 35 two-bedroom apartments, seven one-bedroom apartments and a ground floor retail area of 115 square metres.
“The unit sizes are also generous with the two bedrooms up to 78.5 square metres and the one bedroom units over 50 square metres,” said Moxham.
“We have already had strong interest in this property which is coming onto the market at an ideal time,” he said.
He expects strong interest both on and offshore.
The auction will take place on 12 August at 10.30am at Auctionworks.
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jduke-EHk3XBmHkn

Former NRL star Glenn Coleman's Canterbury, Sydney development site to go under the hammer

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Former South African rugby winger Kevin Schraader, who converted to league, playing for Canterbury in the late 1990s, has listed his contemporary Wallis Street, Woollahra property.
It is <a href="https://www.dijones.com.au/1618071/" target="_blank">through Di Jones agents Gary Sands and Jane Schumann</a> with $4 million expectations.
It last traded in 2011 at $3.9 million.
Title Tattle recalls it was built in 2000 on its 270 square metre block to a design by architect Alexander Tzannes on the former Hamilton Beach carpet shop site which was bought in 1996 by Sabrina Van der Linden-Wolanski, who commissioned Tzannes to design adjoining houses.
The is on a deep block with back access to Bowden Street.
It features double garaging and approval for a self-contained studio.
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Kevin Schraader lists contemporary Woollahra property

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A new all-time June record for both listings and sales in Sydney is being set this month, following what Australian Property Monitors described as another "robust" result at the weekend.
High listing numbers continue with around 578 properties put under the hammer at the weekend which was 37% higher than the same June weekend last year.
With another 580 next weekend, June's volume will exceed 2,150 listings. There were fewer than 2,000 last June, which was a five weekend month. 
However sales in Sydney’s home auction market has shifted "down a gear" over recent months with weekend clearance rates averaging 74% so far over June compared to the 77% averaged over both May and April, and the 82.3% averaged over March. 
Auction sales activity nonetheless remains at record levels for this time of the year which is likely to continue for the remainder of the usually quieter winter selling season as low interest rates, rising population and a thriving local economy continue to fuel the market, the Australian Property Monitors senior economist Dr Andrew Wilson.
Weekend sales included <a href="https://www.raywhite.com/nsw/horsley-park/1140477/" target="_blank">46-52 Garfield Rd, Horsley Park</a> which sold at around $2 million, a six bedroom home on 2.7 acres. Michael Marinakis at Ray White Green Valley described the property (pictured above) as resort style living. There have been three prior sales above $2 million of acreage homes, but they were between 2007 and 2011.
It was knocked down by the auctioneer, Rob Trovato, at Auction Services.
The best clearance rate over the weekend was in the northern beaches with a clearance rate of 88.5%. Sales results from the northern beaches at the weekend included a four bedroom home at 18 Handoub Parade, North Curl Curl which sold for $2.8 million. The extended three level 1940s house traded at $640,000 in 1988. The Ray White selling agents had been advising $2.7 million plus had been tipped.
The next best district was the city and east with 86%.
<a href="/news/newcastle-knights-prop-willie-mason-lists-clovelly-property-title-tattle">But Willie Mason, the Newcastle Knights forward, didn't sell his</a><a href="/news/newcastle-knights-prop-willie-mason-lists-clovelly-property-title-tattle"> Clovelly investment pad at the weekend with three registered parties</a>.
There were no bids for the two-bedroom designer semi opposite Clovelly Baths was passed in at Saturday’s auction through listing agent Daniel Gillespie from Belle Property Bondi Junction who was seeking $2.5 million plus for the house with with views of Wedding Cake Island. It was 2007 when the NRL player bought a home at Clovelly for $2.3 million.
The lower north shore had 83%, Canterbury Bankstown with 76.5%, then the upper north shore with 74.5%.
The inner west, where the boom began last year, was the weakest district with a weekend clearance rate of 74%.
The most expensive property reported sold at auction at the weekend was at the bedroom home at 210 Albert Road Strathfield sold for $3.8 million. But the out of area agents, Simeon Manners had been quoting $4 million plus for the house with tennis court and pool on 1,230 square metres which last traded at $2.54 million in 2006.
The most affordable NSW property reported sold at the weekend was a two bedroom home at 2/3-5 Canton Beach Road Toukley sold for $270,000 by Raine and Horne Charmhaven. It sold at $165,000 in 1999. The agents were suggesting $260,000 plus in the final days before the auction.
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