<p>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.</p>

<p>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;</p>

<p>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;</p>

<p>“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;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>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;</p>

<p>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;</p>

<p>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.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>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;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>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.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>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;</p>

<p>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;</p>

<p>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”.</p>

<p>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;</p>


Joel Robinson

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

<p><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.</p>

<p>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.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“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.”</p>

<p><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" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“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.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“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.”</p>

<p>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.</p>

<p>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.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>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.</p>

<p>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.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.”</p>

<p>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.</p>

<p>“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.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“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.</p>

<p>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.</p>

<p>&nbsp;</p>


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

<p>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.</p>

<p>The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.</p>

<p>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.</p>

<p>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.</p>

<p>“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.</p>

<p>“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.”</p>

<p><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" /></p>

<p>GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.</p>

<p>“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.”</p>

<p>Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.</p>

<p>“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.</p>

<p><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" /></p>

<p>&nbsp;</p>

<p>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.</p>

<p>Green praised local policy settings.</p>

<p>“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.”</p>

<p>One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.</p>

<p>“The way we will be able to achieve economies of scale is through size,” Green added.</p>


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

<p>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.</p>

<p>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.</p>

<p>Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be</p>

<p data-end="683" data-start="511">"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.</p>

<p data-end="882" data-start="690">"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."</p>

<p data-end="882" data-start="690">[smartcode_project:default project_id=134646 project_image_fid=6109]</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6110]</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6116]</p>

<p data-end="247" data-is-last-node="" data-is-only-node="" data-start="0">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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=134646]</p>


WM Residences fills gap in Mordialloc townhouse market

Residential Auctions

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<p>Reservoir in Victoria, one of the most consistently busy suburbs, has been joined by Surfers Paradise as the busiest auction markets this weekend, according to CoreLogic.</p>
<p>Each have 19 auctions scheduled.</p>
<p>Burwood and Point Cook are the next busiest suburbs with 14 auctions scheduled each.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/4/19/auctionsweekly.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/4/19/auctionsweekly.jpg" alt=""></p>
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<p><span>Overall activity is tracking lower this week than last.</span></p>
<p><span>In total there are 1,592 properties scheduled for auction, down from last week's 1,915 auctions held.</span></p>
<p><span>It's also lower than the total this time last year, which saw 1,751 auctions held across the capital city markets.</span></p>
<p>Of the 19 auctions in Surfers Paradise, arguably the most interesting is a <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-127949562" target="_blank">three bedroom apartment in the Chevron Renaissance Towers</a> on Ferny Avenue.</p>
<p>The 24th floor apartment traded for $590,000 in 2013 when there were $769,000 hopes.</p>
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jrobinson-rf4aSBido9

Surfers Paradise joins Reservoir as busiest auction suburb

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<div>Melbourne was the only capital city to see an increase in the number of homes taken to weekend auction, as weakening clearance rates, along with school holidays, impact on April auction activity.</div>
<div> </div>
<div>
<div>Melbourne had a subdued 64 per cent success rate across 874 auctions, down from 68 per cent across 723 auctions last weekend. </div>
<div> </div>
<div>Melbourne's top sale was a renovation opportunity in Fitzroy North.</div>
<div> </div>
<div>The <a id="LPlnk524450" href="https://www.realestate.com.au/property-house-vic-fitzroy+north-127790186" target="_blank">25 McKean Street double fronted brick Victorian era offering</a> (top) fetched $3.84 million, contested by four bidders in the rain.</div>
<div> </div>
<div>Last sold around six decades ago, the home with a classic façade featured soaring ceilings, original cornices, architraves, rosettes and open fireplaces.</div>
<div> </div>
<div>Boasting three street frontages, with access also from Jamieson Street and Alfred Crescent, the home sits on a 600 sq m block.</div>
<div> </div>
<div>Domain advised the vendors inherited the home in the Edinburgh Gardens precinct after their elderly aunt passed away last year.  </div>
<div> </div>
<div>The weekend sale price was $220,000 above reserve with Jobe Watson, the former Essendon captain turned buyer’s advocate, the underbidder for his unsuccessful clients.</div>
<div>
<p>The four bedroom, one bathroom house which had $3.1 million to $3.4 million price guidance was instead sold to a young couple with a baby from Carlton North. </p>
</div>
<div>The former Essendon star secured his first buy for a client last month in his new role as a Melbourne real estate buyer’s agent.</div>
<div>
<p>It was when the Infolio Property Advisors director nabbed a two-bedroom Kensington house for interstate clients at $1.03 million.</p>
<p>Watson, whose passion for property saw him initially a client of Infolio, then did some work experience for the group.</p>
<p>He purchased equity in the company in 2016 and began as a buyer’s advocate after his 220-game AFL career came to an end last season.</p>
<div>
<div>Canberra recorded the nation's highest preliminary clearance rate this week with a 74.3 per cent success rate from its 78 auctions.</div>
<div> </div>
<div>Prices ranged from $405,000 at Palmerston to $2.95 million at Red Hill.</div>
<div> </div>
<div>The <a id="LPlnk794066" href="https://www.realestate.com.au/sold/property-house-act-red+hill-127917522" target="_blank" rel="noopener noreferrer">131 Mugga Way, Red Hill home</a> was a five bedroom Gary Williamson-built home with courtyards on 1255 sq m sold through Luton Properties (below).</div>
<div> </div>
<div><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/2018/4/16/mugga.jpg" alt=""></div>
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<div>The official land value was $1,291,000.</div>
<div> </div>
<div>The national capital's clearance rate was next followed by Adelaide's 70.6 per cent.</div>
<div> </div>
<div>Prices in Adelaide ranged between $385,000 at Bowden and $1,005,000 at Semaphore.</div>
<div> </div>
<div>The Harcourt Williams sale at <a id="LPlnk656387" href="https://www.realestate.com.au/property-house-sa-bowden-127881982" target="_blank" rel="noopener noreferrer">121 Gibson St, Bowden</a> was a basic three bedroom 1900 cottage on 292 sqm.</div>
<div> </div>
<div>The Housing Safety Authority had declared the Bowden property to be substandard with a<span class="x_f"> </span>Housing Improvement Order on the property.</div>
<div> </div>
There were 1,890 homes taken to auction across the capital cities this week, with preliminary results showing a 64.5 per cent success rate, according to CoreLogic.</div>
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<div>Click here <a href="https://www.propertyobserver.com.au/images/2018/4/16/resultscorelogic.jpg" target="_blank">to enlarge.</a>
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<div><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/2018/4/16/resultscorelogic.jpg" alt=""></div>
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<div>By comparison, 1,839 auctions were held last week with a final clearance rate at 62.8 per cent.</div>
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<div>Over the same week last year, auction volumes were lower due to the 2017 Easter weekend.</div>
<p>Sydney had the top result around the capitals with a pre-auction sale in Killara at $5.7 million through McGrath agents Neo Wang and Glenn Curran (below).</p>
</div>
<div>It last traded at $2.95 million in 2003. </div>
<div> </div>
<div><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/2018/4/16/killara.jpg" alt=""></div>
<div>
<div> </div>
<div>The four-bedroom manor at <a id="LPlnk484501" href="https://www.realestate.com.au/sold/property-house-nsw-killara-127672690" target="_blank" rel="noopener noreferrer">28 Wattle Street</a> with sandstone and double-brick fac­ade sits in gardens designed by Peter Fudge, featured in his first book.</div>
<div> </div>
<div>The gardens come with pool with Moroccan-style mosaics and a sandstone pavilion.</div>
<div> </div>
<div>It was initial listed with $6 million hopes last last year.</div>
<div> </div>
<div>Sydney was host to 774 auctions this week, with preliminary results showing a 64.9 per cent success rate, up from 62.9 per cent across 795 auctions last week</div>
</div>
<div> </div>
<div>Brisbane reported 45 per cent clearance of 56 scheduled auctions.</div>
<div> </div>
<div>Its cheapest result was $620,000 at Deception Bay, north of Brisbane.</div>
<div> </div>
<div>The single story home on 733 sqm at <a id="LPlnk293891" href="https://www.realestate.com.au/property-house-qld-deception+bay-127849170" target="_blank" rel="noopener noreferrer">91 Esplanade</a> was a waterfront reserve knockdown.</div>
<div> </div>
<div>It sold at $480,000 in 2003.</div>
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jchancellor-FAypfDUnLy

Fitzroy North and Killara top subdued weekend auction results

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<p>There are set to be nearly 3,700 capital city auctions this week, which is set to be the busiest week so far for auctions this year, according to CoreLogic.</p>
<p>The property data firm suggest the increased activity is traditionally seen over the week prior to Easter.</p>
<p>It's expected that the number of homes scheduled for auction this week will be higher than final figures from the pre-Easter week last year when a total of 3,517 auctions were held across the capital cities.</p>
<p>Apart from Tasmania, all capital cities have increased auction volume from last week.</p>
<p>Melbourne is expected to see a record number of auctions held this week, with 1,934 Melbourne homes scheduled to go under the hammer.</p>
<p>This is not only set to be the highest number of auctions this year, but the second busiest week on record ever for the city, with the possibility of surpassing the busiest week recorded (29th October 2017- 1,983 auctions) with volumes usually revising upward as final results are collected.</p>
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<p><span>Across Sydney, there are 1,255 homes scheduled to go to auction this week, increasing from the 1,093 held last week, however lower than the 1,436 auctions held over the pre-Easter week last year.</span></p>
<p><span><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/2018/3/22/AUCTIONWEEK.jpg" alt=""></span></p>
<p> </p>
<p><span>Adelaide, Brisbane, Canberra and Perth are all set to see a higher volume of auctions week-on-week and also higher than the pre-Easter week last year. </span></p>
<p><span>The busiest suburb is Melbourne's Reservoir, which has 39 residential dwellings for auction. </span></p>
<p><span>There's then a big gap to Richmond which is expected to have 31 properties go under the hammer.</span></p>
<p><span>Randwick has Sydney's largest volume with 26 properties.</span></p>
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Melbourne set for near record on busiest weekend auction of the year: CoreLogic

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<p>Australia's top weekend auction sale was on the waterfront at Birchgrove on Sydney Harbour. </p>
<p>The<a href="https://www.realestate.com.au/property-house-nsw-birchgrove-126924754" target="_blank"> grand 1900s residence</a> (above and below), Clevedon fetched $7,225,000 when the four bedroom Wharf Road offering with art nouveau finishes, was auctioned through Belle Property.</p>
<p>There were four registered bidders.</p>
<p>It sits on a 692sqm parcel taking in views including Balls Head and the Harbour Bridge. There was a self-contained boatshed along with a mooring for a 30ft vessel, with an application lodged to increase permission to 50ft.</p>
<p>It last sold in 1997 at $2.025 million.</p>
<p><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/2017/12/11/birch2.jpg" alt=""></p>
<p>Melbourne's Malvern was next priciest as $6.6 million was paid for <a href="https://www.realestate.com.au/sold/property-house-vic-malvern-126962542" target="_blank">6 Moorakyne Avenue</a> (bottom) at its Jellis Craig auction. It was an English-style family residence, renovated by Nicholas Day over a decade ago. It had sold at $3.6 million in 2006.</p>
<p>The nation's cheapest result was when $187,500 secured <a href="https://www.realestate.com.au/property-townhouse-qld-mount+warren+park-126917262" target="_blank" rel="noopener noreferrer">a three bedroom townhouse at Mount Warren Park</a>, near Brisbane's Logan. It was a mortgagee offering which had sold at $251,000 in 2009.</p>
<p>CoreLogic auction analyst Kevin Brogan noted that Geelong, Victoria's second largest city, posted the strongest clearance rate for any market, of 83 percent.</p>
<p>Geelong's sales included a <a href="https://www.realestate.com.au/sold/property-apartment-vic-geelong-126911098" target="_blank" rel="noopener noreferrer">two bedroom apartment</a> at $1.17 million overlooking Eastern Beach.</p>
<p>Capital city auction volumes remained high with 3,353 homes taken to auction over the week.</p>
<p><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/2017/12/12/corelogic4.jpg" alt=""></p>
<p>There was an overall preliminary clearance rate of 63.1 per cent, but it's likely to be lower after final results.</p>
<p>The final clearance rate for the prior week was 60.3 percent across the capitals, the lowest this year, ands the lowest reading since late 2015.</p>
<p>Melbourne's clearance rates have been tracking below 70 per cent across for five consecutive week, as volumes across the city have been consistently higher.</p>
<p><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/2017/12/11/malvern.jpg" alt=""></p>
<p>The weekend volumes in Melbourne reached their second highest level this year at 1,837 offerings.</p>
<p>Melbourne's weekend results included the history-making yachtsman Jesse Martin whose <a href="https://www.realestate.com.au/property-house-vic-emerald-126999874" target="_blank" rel="noopener noreferrer">Dandenong Ranges family home</a> sold post-auction.</p>
<p>Martin, who became the youngest person to circumnavigate the globe solo in 1999, expected $1.2 million to $1.32 million for the Emerald home.</p>
<p>But the modern main residence that incorporates the site’s original two bedroom 1800s cottage on the 4024 square metre property fetched $1.15 million, the Herald Sun noted. </p>
<p>One year ago there were 1,685 Melbourne auctions held, with a notably higher clearance rate (78.4 per cent). The Inner region of Melbourne had the highest number of auctions this week (304), with a preliminary clearance rate of 67.3 per cent.</p>
<p>The strongest Melbourne clearance rate was recorded across the North West region, where 74.4 per cent of the 182 auctions held sold. </p>
<p>Sydney’s clearance rates, which have tracked around the mid-high 50 per cent range over seven consecutive weeks, came in at 58.7 per cent across a total of 990 auctions held, increasing on last week’s final clearance rate of 56.2 per cent when 1,143 auctions were held.</p>
<p>Over the same week last year, 1,163 auctions were held across Sydney and a clearance rate of 73.7 per cent was recorded. Domain put the prior week's revised result at 52 percent.</p>
<p>Across the smaller markets, Canberra recorded the highest preliminary clearance rate this week, while Brisbane returned the lowest again.</p>
<p>In Canberra, 106 auctions were held this week, and of the 84 reported results, 66.7 per cent were successful. Last week, only 102 auctions were held and the clearance rate was a higher 71.6 per cent. This time last year, results were similar with 118 auctions held and a clearance rate of 60.8 per cent.</p>
<p>Canberra prices ranged up to <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/5-butler-place-campbell-canberra/1317459709911" target="_blank" rel="noopener noreferrer">$1.6 million at Campbell</a>.</p>
<p>There were 183 Brisbane homes taken to auction, with 131 results reported so far. The preliminary clearance rate for the city is 46.6 per cent, up from 42.8 per cent last week and higher than one year ago, when 43.5 per cent of the 206 properties taken to auction were successful. </p>
<p>Brisbane sales included <a href="https://www.realestate.com.au/property-house-qld-ascot-114528031" target="_blank" rel="noopener noreferrer">a $3.355 million newly built Queenslander in Ascot</a>. The block had sold at $1.3 million in 2014 before its construction.</p>
<p>The now demolished cottage featured in the Dwayne “The Rock” Johnson movie, San Andreas, The Courier Mail noted.</p>
<p>A total of 163 Adelaide homes were taken to auction this week, returning a preliminary clearance rate of 65 per cent across 120 results, up from 59.1 per cent last week when 144 auctions were held across the city.</p>
<p><span style="font-size: 12.16px;">Adelaide cheapest price was </span><a href="https://www.realestate.com.au/property-house-sa-highbury-127011518" target="_blank" rel="noopener noreferrer" style="font-size: 12.16px;">$349,000 at Highbury</a><span style="font-size: 12.16px;">, with views back to the city It had traded at $300,000 in 2007.</span></p>
<p>It was marketed as an opportunity to renovate the split level home or develop the 614 sqm land.</p>
<p>Perth’s clearance rate of 46.7 per cent across 62 auctions was up from the previous weekend, when 50 auctions were held and a clearance rate of 32.6 per cent was recorded. Over the same weekend last December, the clearance rate was 20 per cent from 76 auctions.</p>
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j.ballantyne1990-6AQqhLzZaK

Sydney's weekend auction clearance rate falling away fast into the very lows 50s

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<p>The Hunter, followed by Geelong are the hottest auction markets as the spring selling season comes to a close.</p>
<p>The Gold Coast and Blacktown are the weakest regions when it comes to auctions held on the November 25 weekend.</p>
<p><img src="https://www.urban.com.au/images/2017/11/27/CoreLogic%20Table%20Data.png" alt="" width="412" height="611"></p>
<p>One of the houses sold at the weekend auction was a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-merewether-126920430" target="_blank">6 Dent Street, Merewether</a> (picture above) that was sold under the hammer for $1,450,000.</p>
<p>Overall, auction volumes increased week-on-week returning a preliminary clearance rate of 66.9 per cent.</p>
<p>There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.</p>
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jonathanchancellor-7SQnKwU6yx

The Hunter and Geelong remain spring 2017 auction powerhouses: CoreLogic 

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<div>All mainland capital city auction clearance rates have eased to below 70 percent under the weight of heightened spring listings coinciding with banking lending hesitancy.</div>
<div> </div>
<div>Melbourne still ranks as the strongest market, but at a 69.6 percent weekend success rate. The same time last year Melbourne's vendors were securing a 79 percent success rate under the hammer.</div>
<div> </div>
<div>A Toorak home was among the many passed in offerings around the country when bidding stopped at $12.2 million. They had wanted $14.5 million plus for <a href="https://www.realestate.com.au/property-house-vic-toorak-126766574" target="_blank" rel="noopener noreferrer">the 1930s bungalow on its 1700 sqm Russell Street parcel</a> which sold at $9.28 million in 2015.</div>
<div> </div>
<div>Another Toorak house was passed in on a $6.5 million vendor bid.</div>
<div> </div>
<div>Melbourne's top result was a $4.125 million sale in Canterbury, a Stonehaven designed and built split-level contemporary residence.</div>
<div> </div>
<div>The price guidance on <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-126754338" target="_blank" rel="noopener noreferrer">23 Maling Road</a> (picture above) had been $3.9 million to $4.29 million.</div>
<div> </div>
<div>Tasmania was the surprise performer.</div>
<div> </div>
<div>Tasmania's busy weekend saw seven auction results reported, returning a preliminary clearance rate of 85.7 per cent.</div>
<div> </div>
<div>A ground floor executive apartment at George Town in regional Tasmania fetched $3.125 million. It was <a href="https://www.realestate.com.au/property-apartment-tas-george+town-126586574" target="_blank" rel="noopener noreferrer">a three bedroom 175 sqm apartment</a> on the Tamar on the north coast of Tasmania.</div>
<div> </div>
<div>The results also included a <a href="https://www.realestate.com.au/sold/property-house-tas-west+moonah-126730774" target="_blank" rel="noopener noreferrer">three bedroom 1959 weatherboard house at West Moonah</a> which sold pre-auction at $261,000. It had last sold in 2000 at $67,500. </div>
<div> </div>
<div>CoreLogic advised it was the third busiest weekend for auctions so far this year returning a national preliminary clearance rate of 65.4 per cent across 3,335 auctions.</div>
<div> </div>
<div>There was a 62.8 per cent success rate across 2,907 auctions last week.</div>
<div> </div>
<div>"This time last year, 2,987 homes were taken to auction and a clearance rate of 74.4 per cent was recorded," CoreLogic auction analysts Kevin Brogan noted.</div>
<div> </div>
<div>The final clearance rate has remained below 65 per cent for the last four weeks.</div>
<div> </div>
<div>He noted one of the biggest contributors to the softer auction market conditions is Sydney, where the final clearance rate has remained below 60 per cent since the last week of October, while Melbourne has slipped below 70 per cent for the second week in a row.</div>
<div> </div>
<div>Melbourne was host to 1,717 auctions this week and a preliminary clearance rate of 69.6 per cent was recorded, making it the second busiest week for auctions in Melbourne this year.</div>
<div> </div>
<div>Last week saw the final clearance rate drop to 69.2 per cent across 1,296 auctions, the lowest clearance rate the city has seen since the beginning of July 2016.</div>
<div> </div>
<div>One year ago, 1,303 auctions were held across Melbourne and 79.4 per cent were successful.</div>
<div> </div>
<div>Its results included The Block winners Elyse Knowles and Josh Barker who sold their Coburg renovation project, just weeks after pocketing $547,000 winnings for their Elsternwick efforts.</div>
<div> </div>
<div>Stong bidding took <a href="https://www.realestate.com.au/property-house-vic-coburg-126699946" target="_blank" rel="noopener noreferrer">the Coburg sale price to $1.631 million</a> as four bidders fought for the offering. </div>
<div> </div>
<div>The price expectations for the renovated California-style bungalow sat between $1.35 million and $1.45 million.</div>
<div>
<br>It sold in original condition in 2014 for $600,000.</div>
<div> </div>
<div>Across Sydney, preliminary results show that 61.5 per cent of the 756 reported auctions sold this week.</div>
<div> </div>
<div>There were 1,035 properties taken to auction across the city, down from 1,102 last week when the final clearance rate was recorded at 58.5 per cent.</div>
<div> </div>
<div>Over the same week last year, 1,082 auctions were held and a clearance rate of 79.6 per cent was recorded.</div>
<div> </div>
<div>In Sydney a large Paddington offering was the weekend's big seller with six registered buyers seeking the six bedroom Harris Street offering that fetched $5.16 million.</div>
<div> </div>
<div>It was on the market for the first time in 60 years.</div>
<div> </div>
<div>
<a href="https://www.realestate.com.au/property-house-nsw-paddington-126720598" target="_blank" rel="noopener noreferrer">The 412sqm landholding</a> featuring a freestanding double-fronted main residence and a self-contained cottage with separate frontage had a R3 Zoning.</div>
<div> </div>
<div>The preliminary clearance rate in Brisbane rose to 49.6 per cent across 213 auctions this week, from 44.1 per cent across 209 auctions last week, while this time last year 262 auctions were held and a clearance rate of 45.2 per cent was recorded. </div>
<div> </div>
<div>Brisbane prices ranged from $344,000 at Margate to $1,415,000 at Milton.</div>
<div> </div>
<div>In Adelaide, a 66.3 per cent preliminary result was recorded this week across 146 auctions. Last week, 128 Adelaide auctions returned a clearance rate of 62 percent for the city, while at the same time last year, 137 homes were taken to auction, with 66 percent recording a successful result.</div>
<div> </div>
<div>Adelaide's top advised result to Domain was just $801,000 when a 1910 three bedroom house <a href="https://www.realestate.com.au/sold/property-house-sa-parkside-126828162" target="_blank" rel="noopener noreferrer">95 Kenilworth Rd, Parkside</a> was sold. It had sold at $613,000 in 2007.</div>
<div> </div>
<div>Adelaide had the cheapest sale across Australia when $199,000 secured 8 McCartney St, Morphett Vale.</div>
<div> </div>
<div>
<a href="https://www.realestate.com.au/property-house-sa-morphett+vale-126297354" target="_blank" rel="noopener noreferrer">The Morphett Vale brick veneer and tile residence</a> was marketed as having "been subjected to termite damage" compromising the integrity of the home.</div>
<div> </div>
<div>"The home offers the experienced builder or those looking to acquire the property at potentially less than land value an opportunity to capitalise on 560 sqm in a great location," the marketing advised.</div>
<div>"This property is not for the faint hearted," it added.</div>
<div> </div>
<div>It had been a $300 a week rental for many years, having last sold in 1994 for $83,500.</div>
<div> </div>
<div>Perth’s clearance rate of 60 per cent across 25 auction results is up from last week, when 40 auctions were held and a clearance rate of 50 per cent was recorded.</div>
<div> </div>
<div>Canberra was the second strongest weekend market.</div>
<div> </div>
<div>Across Canberra, 130 homes were taken to auction with a clearance rate of 67.6 per cent, down slightly from 69.7 per cent the previous weekend. </div>
<div> </div>
<div>Prices ranged from $427,500 at Theodore to $1.64 million at O'Connor.</div>
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Clearance rates sits below 70 percent in all mainland capitals

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<p>This weekend 1,140 auctions are anticipated across Melbourne, while next weekend a mere 1,000 auctions are tipped, according to the REIV.</p>
<p>However, both weekends are set to be smashed on the pre-Derby Day weekend of 28/29 October when 1,610 auctions are scheduled. That level is very close to the 2015 record weekend.</p>
<p>On Derby Day, just days before the 2017 Melbourne Cup weekend, it will be the calm after the storm - in Melbourne, agents have just the 180 auctions.</p>
<p>This week, CoreLogic is tracking just over 2,300 auctions across the combined capital cities, which is similar to last week when 2,318 auctions were held, but lower than this time last year, when 2,443 homes were taken to auction. </p>
<p>Across the two largest auction markets, Sydney and Melbourne, volumes are similar this week when compared to last week.</p>
<p>Melbourne is expecting 1,122 auctions to be held this week, compared to 1,119 last week, while Sydney is set to see 850 homes go up for auction, up from 818 last week.</p>
<p>Over the same week last year, Melbourne held 1,182 auctions, while there were 913 auctions in Sydney. </p>
<p>Melbourne is host to the busiest individual suburbs for auctions, with 18 auctions in Reservoir, followed by Epping (17) and Glen Waverley (16).</p>
<p>Bentleigh East, Richmond and St Kilda each have 15 auctions scheduled this week, according to CoreLogic.</p>
<p>Looking at the smaller auction markets, volumes will fall slightly in some cities. Adelaide has 84 auctions scheduled this week, down from 107 last week, while Canberra is set to hold 58 auctions, compared to 78 last week. </p>
<p>There are 151 auctions scheduled in Brisbane this week, similar to the 153 held last week across the city.</p>
<p>Perth is expecting 37 auctions this week, compared to 35 last week, while Tasmania is likely to see fewer auctions with 4 homes currently scheduled for auction, down from eight last week. </p>
<p><a href="https://www.propertyobserver.com.au/images/2017/10/12/CorelogicAuctionsWeek.png" target="_blank">Click to enlarge</a></p>
<p><img src="https://www.urban.com.au/images/2017/10/12/CorelogicAuctionsWeek.png" alt=""></p>
<p><a href="https://www.propertyobserver.com.au/images/2017/10/12/CorelogicAuctionsFinal.png" target="_blank">Click to enlarge</a></p>
<p><img src="https://www.urban.com.au/images/2017/10/12/CorelogicAuctionsFinal.png" alt=""></p>
<h2>Summary of Last Week’s results </h2>
<p>The final clearance rate across the combined capital cities continues to soften, with last week recording a final clearance rate of 64.4%, down from 66.3% over the previous week, making it the lowest clearance rate since January 2016.</p>
<p>There were 2,318 homes taken to auction last week, similar to this time last year (2,290), while over the previous week, just 969 auctions were held due to the public holiday long weekend in most states, along with the AFL and NRL Grand Finals. </p>
<p><a href="https://www.propertyobserver.com.au/images/2017/10/12/CorelogicAuctions.png" target="_blank">Click to enlarge</a></p>
<p> <img src="https://www.urban.com.au/images/2017/10/12/CorelogicAuctions.png" alt=""></p>
<p>Clearance rates across Melbourne and Sydney fell week-on-week, with Sydney recording a clearance rate of 61.3% across 818 auctions, down from 64.9% across 607 auctions the previous week, and lower than this time last year, when 79.8% of the 816 auctions were successful.</p>
<p>The last time Sydney has seen a clearance rate this low was late 2015/early 2016.</p>
<p>Melbourne recorded a clearance rate of 70.3% across 1,119 auctions last week, down from 87.0% across just 122 auctions the previous week, and 78.4% across 1,114 over the same week last year. </p>
<p>While clearance rates fell across the capital cities week-on-week, auctions volumes increased across all of the capital cities. </p>
<p>Looking at the non-capital city regions, the Hunter region was the most successful in terms of clearance rates with 76.9% of the 33 auctions recording a successful result, closely followed by Geelong, where a clearance rate of 76.7% was recorded across 54 auctions. </p>
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Melbourne racing toward 1600-plus Super Saturday as auction clearance rates softening

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<p>Melbourne was the only capital city to record a weekend auction success rate in the 70s, continuing its sparkling performance.</p>
<p>Melbourne vendors sold 72 percent of their listings, while clearance rates across Sydney remained below 70 per cent for the eleventh consecutive week.</p>
<p>Sydney did retain its ranking as the second strongest auction capital, according to CoreLogic.</p>
<p>Melbourne hosted 1,111 auctions, similar to the same time last year when there was a stronger 78.4 per cent cleared.</p>
<p>An art-deco Hawthorn house sold pre-auction for $3.22 million making it Melbourne’s most expensive weekend auction offering.</p>
<p>Located at <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-126362366" target="_blank">9 Auburn Road</a> (pictured above), the 1938 home was marketed as one of “the most exquisite restorations to have hit the market.”</p>
<p>The property, last sold for $501,000 in 2001, features original features including black manganese bricks, terrazzo floors and curved textured walls.</p>
<p>The property was offered through the Whitefox agency. </p>
<p>Melbourne auction numbers will rise steadily over coming weekends until the Melbourne Cup long weekend. </p>
<p>A prize listing includes <a href="https://www.realestate.com.au/property-house-vic-hawthorn-126555554" target="_blank">an inner city vineyard on the Yarra River at Hawthorn</a> with $12 million to $13 million hopes through Scott Patterson at Kay &amp; Burton for November 1 auction.</p>
<p>The vineyard, just four kilometres from the Melbourne CBD, is the home of Coppin Grove Wines, a boutique family vineyard established in 1998, comprising 1000 Pinot Noir, Chardonnay and Nebbiolo vines.</p>
<p>The vineyard, the work of Michael Cohn and his wife Ann, supplies its signature Coppin Grove Sparkling to George Calombaris’s Hellenic Republic restaurants. </p>
<p>The Cohns completed a viticultural course at the University of Melbourne’s nearby Burnley Horticultural College.</p>
<p>Sydney had the nation's top weekend sale when a four bedroom Strathfield house sold for $5.1 million.</p>
<p>Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-126313986">7 Torrington Road</a>, the two level brick house on 858 sqm is situated on Strathfield’s so-called Golden Mile.</p>
<p>Last sold in 1998 for $831,000, the property was offered through Strathfield Partners agents Vanessa Kim and Sunny Nguyen.</p>
<p>It was a tie for the nation's cheapest - between Brisbane and Melbourne. </p>
<p>A one bedroom Mentone apartment sold for $275,000 making it Melbourne’s cheapest weekend auction sale.</p>
<p>Located at <a href="https://www.realestate.com.au/sold/property-apartment-vic-mentone-126349266" target="_blank">10/56 Milan Street</a>, the property was marketed as a “shrewd investment opportunity, fantastic flip or perfect first-step on the property ladder.”</p>
<p>Built in 1970, the Regency Gardens offering last sold in 1987 for $52,200.</p>
<p>A two bedroom house at Kallangur sold for $275,000 making it Brisbane’s cheapest weekend auction sale.</p>
<p>Located at <a href="https://www.realestate.com.au/sold/property-house-qld-kallangur-126346738" target="_blank">45 Boardman Street</a>, the 607 sqm property with unrenovated older-style lowset brick home last sold in 2006 for $231,000.</p>
<p>The nation's preliminary auction volumes bounced higher after last week’s long weekend, according to CoreLogic’s latest report.</p>
<p>Auction activity across the combined capital cities increased after last week’s grand finals, school holidays and public holiday slowdown.</p>
<p>Around 2,286 homes were taken to auction, returning a preliminary national auction clearance rate of 68.1 per cent.</p>
<p>The national preliminary clearance was up from the 66.3 per cent of the long weekend. But it was lower than one year ago, when there was a 76.4 per cent clearance rate on similar volume.</p>
<p>Sydney’s preliminary clearance rate was 67.2 per cent across 591 auction results, according to Coreogic.</p>
<p>There were a total of 800 auctions held across Sydney.</p>
<p>Domain reported two Sydney regions that have typically led the charge at auctions – the northern beaches and the inner west – took an uncharacteristic downturns.</p>
<p>The inner west sat at 69.6 per cent while the northern beaches was well down on recent results with 67.4 per cent.</p>
<p>There were 149 Brisbane homes taken to auction on the weekend recording a preliminary auction clearance rate of 49.5 per cent, unchanged from final results last week.</p>
<p>The Brisbane result sat slightly lower than one year ago, when 53.5 per cent of the 157 properties taken to auction were successful.</p>
<p>A five bedroom house at Chapel Hill sold for $1.95 million making it Brisbane’s most expensive weekend auction sale.</p>
<p>Located at <a href="https://www.realestate.com.au/sold/property-house-qld-chapel+hill-126156922" target="_blank">68 Tristania Road</a>, the 2003 sqm property was marketed as “reminiscent of a charming country lane.”</p>
<p>It was built in 2013 after the block cost $1.55 million in 2011.</p>
<p>A total of 108 Adelaide homes were taken to auction, with a preliminary clearance rate of 65.3 per cent, down from 71.1 per cent last week when 40 auctions were held across the city.</p>
<p>It was lower than one year ago when 98 auctions were held and 75.3 per cent cleared.</p>
<p>A Norwood property sold for $2.44 million making it Adelaide’s most expensive weekend auction sale.</p>
<p>Located at <a href="https://www.realestate.com.au/sold/property-house-sa-norwood-126386946" target="_blank">25 William Street</a>, the 1560 sqm property has five one bedroom units.</p>
<p>It was marketed as an opportunity to develop a home or redevelop through Harris Real Estate agents Nick Baranikow and Kathryn Roberts.</p>
<p>There were 33 Perth auctions this week, with a preliminary clearance rate of 60 per cent.</p>
<p>Last week, 70 per cent of the 13 auctions held were successful.</p>
<p>Canberra’s preliminary auction clearance rate of 62.7 per cent this week is lower than last week, when the final auction clearance rate was 75.7 per cent and also lower than the 85 per cent recorded last year.</p>
<p>Canberra's sales ranged between a three bedroom Kaleen apartment for $385,000 at <a href="https://www.realestate.com.au/sold/property-house-act-kaleen-126408446" target="_blank">3/112 Baldwin Drive</a>, and a Crace house sold for $1.157 million.</p>
<p>Located at <a href="https://www.realestate.com.au/property-house-act-crace-126349522" target="_blank">30 Ivory Street</a>, the house on the 555 sqm property features four bedrooms and three designer bathrooms.</p>
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Hawthorn art deco tops weekend auction results

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<p>It's a new twist on the saying charity begins at home since increasingly the first home buyer auctions I attend on any given Saturday see young buyers there with the folks.</p>
<p>As their children endeavour to step onto the Sydney property ladder, the parents aren't turning up to just provide emotional support at these entry level auctions.</p>
<p>More often than not they have come along with the deposit cheque.</p>
<p>The bank of mum and dad is growing in importance - and will continue to do so.</p>
<p>For most recipients it will rank as their biggest financial windfall in life, that is aside from an inheritance many decades down the track. </p>
<p>Australian data on the emergence is lacking, but there's some interesting data from the UK where a Legal &amp; General report suggested parents are predicted to lend more than £6.5bn this year to help their children get on the property ladder.</p>
<p>Millennials are the biggest recipients, with around 80 percent of the £30,000 typical handout going to people under 30 in what they calculated amounted to around 25% of UK property transactions.</p>
<p>There's also data suggesting almost a third of second steppers rely on financial help from family to move up the property ladder, according to Lloyds Bank research.</p>
<p>“The intergenerational inequality that creates the demand for parental funding continues to widen – younger people today don’t have the same opportunities that the baby boomers," according to the report by Legal &amp; General.</p>
<p>Intergenerational inequality is overreach, but Generation Y have been accruing more debt at an earlier age than any of their predecessors.</p>
<p>With 40% of 18- to 35-year-olds having a <span class="gmail-il">study</span>-related HECS debt, this generation are already on the back foot before they begin their careers.</p>
<p>And the casualisation of our increasingly fleeting workplaces means younger people are mostly on smaller or less permanent incomes too.</p>
<p>Finding real banks to borrow from is accordingly harder, hence the role of soft target parents parents from middle-class and wealthy families or the grandparents. </p>
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<p>In most UK cases the funds are given as a gift (56%) or as an interest free loan (21%).  </p>
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<p>It is arguably better the funds come from families rather than government, and this largess overtime is going to come a bigger part of the solution to the problems of Sydney housing affordability. </p>
<p>It is already as researchers from RMIT and Curtin University for the Australian Housing and Urban Research Institute (AHURI) found that 25 to 45-year-olds who received a cash gift from baby boomer parents had home ownership rates 15 percentage points higher than their peers.</p>
<p>But I worry the generosity puts the parents at risk in their old age.</p>
<p>They might be giving away their chance of a stress free retirement.</p>
<p>Treasury secretary John Fraser noted last year the bank of mum of dad was "becoming more and more prevalent." </p>
<p>"It has impacts on superannuation," Mr Fraser warned.</p>
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Bank of mum and dad is growing in importance

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<p>The winter season and record June listings are impacting the Sydney auction market according to Domain's Andrew Wilson.</p>
<p>He said nearly 750 homes are set to go under the hammer this Saturday which although lower than last weekend’s 787 auctions it will be significantly higher than the 631 listed over the same weekend last year.</p>
<p>"Sydney’s strong inner west market will again host the most number of regional auctions this weekend with 130 listed," he said.</p>
<p>"The next highest is the south with 96 closely followed by the upper north shore 95, the city and east 88, the lower north 74, the west 54, the northern beaches  51, the south west 50, the north west 43, Canterbury Bankstown 35, the central coast 13 and the Blue Mountains with 2 auctions scheduled on Saturday.</p>
<p>"Mosman and Ashfield are the most popular suburbs in Sydney this weekend with 11 auctions each followed by St Ives and Earlwood each with 10, Epping , Cremorne and Castle Hill each with 9 and Marrickville and Maroubra with 8 auctions each listed on Saturday."</p>
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