Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Residential Auctions

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Spring auction volumes rose across the capital cities, with 1,907 homes taken to market.
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The listings secured a 58 percent preliminary clearance rate.
Last weekend, there was a 55 percent success rate from the 1,748 auctions.
The same week last year saw a much higher 66.9 per cent success rate from 2,258 auctions.
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There were 654 auctions held in Sydney, returning a preliminary auction clearance rate of 57.8 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/9/10/corelogic.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/10/corelogic.jpg" alt="">
Last week, there were 664 auctions held and the final auction clearance rate was 53.8 per cent, while one year ago, 826 Sydney homes went to auction and the clearance rate came in at 65.8 per cent.
AMP Capital chief economist Shane Oliver said the reduced supply was restricting the decline.
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</div>
Sydney's top sale was <a href="https://www.realestate.com.au/sold/property-house-nsw-paddington-129063078" target="_blank">173 Underwood Street Paddington</a> (top) which fetched $6.05 million post-auction.
Fairfax Media described the auction as an "auction fizzer" as there was not a single bid from the three registered bidders for the terrace set on 388 square metres.
Melbourne's most expensive home sold was a four-bedroom home in Toorak (below) sold at $6.01 million.
<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/2018/9/10/selwyn.jpg" alt="">
There were five registered bidders for <a href="https://www.realestateview.com.au/real-estate/18-selborne-road-toorak-vic/property-details-sold-residential-12046698/" target="_blank">18 Selborne Road</a> with bidding kicking off at $5.4 million at its Marshall White auction.
Kieran Jiwa at the James Buyers Advocates described the auction vibe as "strong."
The new owners will renovate the 25-year-old home which had come with $5.4 million to $5.8 million price guidance.
It last sold at 1996 at $487,500.
Melbourne was the busiest capital city weekend auction locality.
There was a clearance rate of 62.4 per cent across 894 auctions, up from 57 per cent across 805 auctions last week. 
One year ago, the clearance rate was a stronger 71.8 per cent across a significantly higher volume of auctions (1,111). 
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Adelaide returned the strongest preliminary clearance rate of 64.8 per cent, just ahead of 64.4 percent in Canberra.
Only 18.8 per cent of homes sold across Perth. There was a 49 percent success rate in Brisbane.
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Brisbane's top sale was $4.35 million for a grand house at <a href="https://www.realestate.com.au/property-house-qld-clayfield-128815842" target="_blank">100 Oriel Road, Clayfield</a> by a local family with school aged children upgrading from nearby Hendra.  Ray White New Farm agent Tom Lyne said the 1987 built home had been tightly held for three decades.
The four bedroom which sits on 2034 sqm with manicured gardens and Helidon sandstone.
“A home of this calibre is rarely offered to the Brisbane market.”
An accountant Gregory Hall secured a $920,000 East Brisbane home at weekend auction which will bring an end to his family living on their catamaran moored at Dockside, Kangaroo Point.
They have been there since 2010 after they sailed from South Africa with their three children. 
"We were actually heading for New Zealand but we fell in love with Brisbane,” said the CFO who works in Milton.
“We have just sold our boat and the time is right for us now to buy a home as our children are bigger,” he said.
The family had been looking since last December. Selling agent Madi Roche of Ray White East Brisbane secured the weekend sale of the six bedroom 1910 home on <a href="https://www.realestate.com.au/property-house-qld-east+brisbane-129043566" target="_blank">Didsbury Street, East Brisbane</a>.
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j.ballantyne1990-6AQqhLzZaK

Auction volumes and clearance rates rise in Spring

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This weekend, the busiest suburb for auctions in Victoria is Bentleigh East.
According to REIV data there are 12 properties going to auction in this suburb.
The majority of properties going to auction in Bentleigh East this weekend are houses, which is unsurprising as 72% of the suburb is made up of houses.
<img src="https://www.urban.com.au/images/2018/8/31/House%20Graph.JPG" alt="">
One such house is <a href="https://www.realestateview.com.au/real-estate/23-bradford-street-bentleigh-east-vic/property-details-buy-residential-12035763/" target="_blank">23 Bradford Street Bentleigh East</a> (pictured above).
It is a four bedroom two bathroom dwelling featuring skylights and one parking space.
The 605 square metre home is being listed through Buxton and is less than 1 kilometres from four different schools with a price guide of $1.08 to $1.15 million.
<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/2018/8/31/House%202.jpg" alt="">
A second house that goes to auction in Bentleigh East this weekend is <a href="https://www.realestateview.com.au/real-estate/121-brady-road-bentleigh-east-vic/property-details-buy-residential-12031217/" target="_blank">121 Brady Road</a> (pictured above).
It has a price guide of $1 to $1.1 million.
The three bedroom on bathroom holding is being listed through Woodards and has views across Centenary Park from almost every room and the home is currently under lease until mid September
<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/2018/8/31/House%203.jpg" alt="">
On the same street a townhouse is going to auction this weekend, <a href="https://www.realestateview.com.au/real-estate/79b-brady-road-bentleigh-east-vic/property-details-buy-residential-12032975/" target="_blank">79B Brady Road, Bentleigh East</a> (pictured above).
With a price guide of $1 to $1.1 million the four bedroom three bathroom unit is less than half a kilometre from both a primary and a secondary school.
The home has parking space for three cars and features wholly timber floors plus a backyard deck.
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Bentleigh East set for bumper auction weekend

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Real estate auctions before 1pm on Anzac Day will be banned in Victoria under new laws to bring the property industry in line with other trading restrictions.
The issue arose in 2015 when Anzac Day fell on a Saturday. It is next set for a Saturday in 2020.
Melbourne agents mostly offered afternoon auctions, but Premier Daniel Andrews expressed concerned about reports raised on Neil Mitchell's 3AW that home auctions were held on Saturday morning.
"It may be legal to be having auctions and things of that nature, but I think it's pretty ordinary," Andrews said in 2015.
About 80 were scheduled for Anzac Day, with 18 held before 1pm.
The Real Estate Institute of Victoria says it was disappointing some vendors and agents had ignored their advice about maintaining respect for the day.
In 2015 Amanda Lynch, chief executive of the Real Estate Institute of Australia says there was a need a nationally consistent position on ANZAC Day opening hours.
The Herald Sun reported the legislation had been mooted in recent times with $16,000 penalties.
 
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Real estate auctions before 1pm on Anzac Day to be banned in Victoria

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Wollongong has had another weak auction result.
With a clearance rate of just 48%, over half of the 40 properties taken to auction were passed in.
This is in line with Wollongong's recent performances as two weeks ago there was an even lower clearance rate of 34.5% on 41 total properties. 
<img src="https://www.urban.com.au/images/2018/8/21/Wollongong%20weakness.JPG" alt="">
However one home that succeeded at auction was <a href="https://www.realestate.com.au/sold/property-house-nsw-mangerton-128892022" target="_blank">21 Byarong Avenue, Mangerton</a> (pictured above), a four bedroom two bathroom recently renovated house.
The Mangerton dwelling sold for $957,000 this Saturday through Belle Property.
The 588 square metre holding last sold in 2015 for $625,000.
<img src="https://www.urban.com.au/images/2018/8/21/Woll%202.JPG" alt="">
Following the trend of passing in at auction is 10a Love Street, a three bedroom two bathroom home (pictured above).
Close to beaches and cafes the home comes with an ocean view and an asking price of $819,000.
The dwelling was last listed in 2015 for 100 days after which it was taken off the market.
<img src="https://www.urban.com.au/images/2018/8/21/Woll%203.JPG" alt="">
Another home that failed to sell is an original fifties-era cottage bordering Towradgi Creek which had a price range of $890,000 to $960,000.
Set on a 518 square metre block the <a href="https://www.belleproperty.com/listings/678933/59-lake-parade-east-corrimal-nsw-2518/" target="_blank">59 Lack Parade, East Corrimal</a> home (pictured above) is a near public transport options as well as the local school.
The home has only been on the market for 35 days and has never sold before.
<img src="https://www.urban.com.au/images/2018/8/21/Woll%204.JPG" alt="">
A third house in Wollongong that failed to sell is <a href="https://www.belleproperty.com/listings/675726/52-edgar-street-towradgi-nsw-2518/" target="_blank">52 Edgar Street, Towradgi</a>.
The four bedroom two bathroom home (pictured above) comes equipped with both a study and two parking spaces.
The dwelling's current price guide is holding at $1.5 million - $1.6 million.
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Wollongong's weakness at auction continues 

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Topping the list with 17 homes scheduled for auction this weekend is Reservoir, according to CoreLogic.
Runner ups with 13 scheduled auctions each, are Craigieburn and Mount Waverley.
This week, CoreLogic is currently tracking 1,566 capital city auctions, increasing from the 1,402 auctions held last week.
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw%202.JPG" alt="">
 
Melbourne and Sydney are set to see a higher volume of auctions this week, with 793 and 535 scheduled, up from last week’s final result of 721 and 458 auction’s held respectively.
Across the smaller markets, activity is expected to be higher in Brisbane and Canberra, while volumes across Adelaide and Tasmania will remain steady, with Perth the only auction market expected to host fewer auctions.
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw.JPG" alt="">
The overall number of properties scheduled for auction this week is expected to be lower than final results from the same week last year when 2,064 auctions were held.
The final auction clearance rate across the combined capital cities rose to 54.9 per cent across a higher volume of auctions last week, with 1,402 held, increasing from the 1,324 auctions the week prior when 54 per cent cleared.
Last week’s clearance rate was lower than the 67.5 per cent recorded over the same week one year ago when volumes were higher (2,040).
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw%203.JPG" alt="">
Indicative of the strong auction showing from Reservoir this coming weekend, 51 Queens Street, Reservoir (pictured in title) goes to auction this Saturday with a price guide of $1.15 to $1.25 million.
The 818 sqm property has a clear view of the Melbourne skyline.
The five bedroom three bathroom home is a short trip from Regent train station.
<img src="https://www.urban.com.au/images/2018/8/16/Latrobeee.JPG" alt="">
Another home going to auction this weekend is 17 McColl Street, Reservoir (pictured above).
This three bedroom two bathroom house has a price guide of $880,000 to $930,000.
The property is situated within a short distance of numerous shopping centres, schools and Latrobe University.
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Reservoir again the busiest suburb for auctions this weekend

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This weekend 1,100 properties will go to auction across the countries capital cities, the fourth consecutive weekend where volumes have dropped.
Last week there were 1,411 auctions, down from 1,557 the week prior. Before that there were 1,849 homes under the hammer.
Click here <a href="https://www.propertyobserver.com.au/images/2018/7/12/auctions-july12.jpg" target="_blank">to enlarge.</a>
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/12/auctions-july12.jpg" alt="">
Only Adelaide is set to see an increase in auction activity from last weekend.
Over the same weekend last year there were more than 500 more homes that were taken to auction across the combined markets. 
The busiest suburbs are all in Victoria, with Craigieburn leading the activity with 14 scheduled auctions.
That's followed by Preston with 12, Reservoir with 11 and Footscray and Richmond each hosting 10 auctions.
Every property up for auction in Craigieburn is a house.
One of the priciest going to auction is a <a href="https://www.realestate.com.au/property-house-vic-craigieburn-128604262" target="_blank">designer Champion Parade home</a> (below) which has a guide of $700,000 to $770,000.
<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/2018/7/12/craig.jpg" alt="">
Set on 620 sqm, the property has been extensively renovated since it last traded for $225,000 in 2013.
It has four bedrooms, two bathrooms, a fully equipped theatre room and an all-weather alfresco with its own kitchen.
 
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jrobinson-rf4aSBido9

Auction volumes drop for fourth consecutive week

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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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Auction volume numbers are lower this weekend than last, while all the busiest suburbs are in Victoria.
Reservoir tops the list with 17 homes set to go under the hammer, followed by Glen Waverley with 14 and Craigieburn with 13 auctions scheduled.
Last weekend 2,002 auctions were held. This weekend only 1,736 are scheduled.
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Melbourne is the busiest city for auctions again this week, with 879 auctions being tracked so far, however volumes are expected to be down slightly on last week’s final figures which saw 992 auctions held across the city.
 
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Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/auctions.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/22/auctions.jpg" alt=""> 
The priciest home to be auctioned in Reservoir this weekend is a four bedroom home at <a href="https://www.realestate.com.au/property-house-vic-reservoir-128486638" target="_blank">34 Dawson Street.</a>
It has a guide of $1.15 million to $1.25 million.
 
 
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Lower auction numbers nationally as Reservoir again the busiest suburb

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A Sydney architect spent $1,255,000 on an empty Enmore auction offering.
It was a derelict property glamorously dubbed an overgrown "Angkor Wat." 
The dump, once a boarding house, had become so overgrown that the listing agent suggested it resembled the famed Cambodian temple where tree roots dominate the environment. 
It was obviously such a challenge to rebuild, the property actually sold at below the $1.3 million price guidance set by its McGrath Newtown listing agent Damien West.
The graffiti-ridden, roofless house at <a id="LPlnk101756" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-enmore-128383846" target="_blank" rel="noopener noreferrer">52 Juliett St </a>had its windows boarded up with corrugated iron.
A roots of a giant fig tree snaked through its interior.
The architect wants to build a designer home on the 228 sqm block and then on-sell it, the Sunday Telegraph reported.
The property last traded at $7200 in March 1966.
It was one of the limited auction offerings listed across Sydney. 
CoreLogic put the Sydney clearance rate at 57.6 per cent.
Melbourne likewise had reduced listings as auction volumes fell significantly due to the Queen’s Birthday long weekend.
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There were 900 homes auctioned across the combined capital cities, down from 2,281 last week. 
The preliminary clearance rate was recorded at 55 per cent, up slightly from last week when the final clearance rate came in 54.1 per cent, the lowest level recorded across the combined capitals since 2012. 
"Once the remaining results are collected over the next few days, it is possible that the final clearance rate for this week rate will revise even lower," Kevin Brogan, the CoreLogic auction analyst suggested.
Sydney overtook Melbourne as the busiest city for auctions this weekend, with 414 homes going under the hammer, returning a preliminary clearance rate of 57.6 per cent, compared to last week when just 47.1 per cent of the 837 auctions were successful. 
Over the same week last year, there were 619 auctions held in Sydney, returning a clearance rate of 67 per cent.
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There were just 276 auctions held in Melbourne this week returning a preliminary auction clearance rate of 56.1 per cent, the lowest success rate since 2012. By comparison, last week there were 1,079 auctions with a final clearance rate of 59.8 per cent, while this time last year, 75.9 per cent of the 389 auctions held were successful.
Adelaide was the best performing capital with a 65.5 per cent success rate across 29 auction results, followed closely by Canberra, where 65.4 per cent of the 26 reported auctions were successful.
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<table style="width: 605px;" border="0" cellspacing="0" cellpadding="0"><tbody>
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<td>
<h2>Auction highlights this week</h2>
</td>
<td>Saturday, 9 June 2018 </td>
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<td colspan="2">
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City </th>
<th colspan="2">Location </th>
<th>Value Sold </th>
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<td colspan="2">
Most expensive
</td>
<td colspan="2"> </td>
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<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">3 Cooper St, Double Bay NSW 2028, 3 br House, R&amp;H Double Bay</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,462,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">4 Stanley St, Williamstown VIC 3016, 3 br House, Williams RE</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$2,062,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">1 Arthur St, Semaphore South SA 5019, 3 br House, HAR Packham</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$802,500</td>
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<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">22 Abbott St, New Farm QLD 4005, 5 br House, Hutton and Hutton</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$3,360,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">16 Drevermann St, Farrer ACT 2607, 4 br House, Peter Blackshaw</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,350,000</td>
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<td colspan="2">
Most affordable
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<td colspan="2"> </td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">12/11 Gilbert St, Cabramatta NSW 2166, 2 br Unit, Ozway Realty</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$360,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">4/1 Mahoneys Rd, Reservoir VIC 3073, 1 br Unit, Ray White Reservoir</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$291,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">242A Gilbert St, Adelaide SA 5000, 2 br House, City Realty - Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$359,000</td>
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<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">20 School St, Marburg QLD 4346, 3 br House, RW Ipswich</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$252,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">4/15 Conner Cl, Palmerston ACT 2913, 3 br Townhouse, Wright Dunn Real Estate</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$533,000</td>
</tr>
</tbody>
</table>
</td>
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</tbody></table>
Source Domain
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jchancellor-FAypfDUnLy

Overgrown Enmore former boarding house sold for less than expected 

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Domain's revised results for the weekend of April 28 and 29 put the Sydney clearance rate at 48.1 per cent.
It was a significant occurrence, the first time below 50 percent on an ordinary auction weekend for many years.
<table style="height: 173px; width: 531px;" border="0"><tbody>
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<td>Last week revised tally</td>
<td>Saturday 28 April 2018</td>
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<td>City</td>
<td>Sydney</td>
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<td>Clearance rate</td>
<td>48.1%</td>
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<td>Number listed</td>
<td>673</td>
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<td>Number reported auctions</td>
<td>502</td>
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<td>Number sold</td>
<td>301</td>
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<td>Number w/drawn</td>
<td>124</td>
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<td>Total value sold (million)</td>
<td>$261.7</td>
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<td>Auction median houses</td>
<td>$1,307,000</td>
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<td>Auction median units</td>
<td>$905,000</td>
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Cooley Auctions' auctioneer Damien Cooley recently suggested a generally accepted auction clearance rate for a healthy market, where both sellers and buyers have equal bargaining positions, was between 50 per cent and 60 per cent.
The original Saturday night had the clearance rate at 58.1 percent.
<table style="height: 174px; width: 414px;" border="0"><tbody>
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<td>City</td>
<td>Sydney</td>
</tr>
<tr>
<td>Clearance rate</td>
<td>58.1%</td>
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<td>Number listed</td>
<td>670</td>
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<td>Number reported auctions</td>
<td>378</td>
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<td>Number sold</td>
<td>264</td>
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<td>Number w/drawn</td>
<td>76</td>
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<td>Total value sold (million)</td>
<td>$224.1</td>
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<td>Auction median houses</td>
<td>$1.3 milion</td>
</tr>
<tr>
<td>Auction median units</td>
<td>$905,000</td>
</tr>
</tbody></table>
"Buyers certainly feel like the tides have changed ... but we won't call them buyers' markets unless clearance rates are less than 50 per cent.""Things are changing and the market is not as good as it was, but it's a very fair market," Cooley Auctions' auctioneer Damien Cooley told Fairfax Media recently.
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