Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Residential Sales

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Sydney's combined auction clearance rate has bounced back above 80 percent, wiht the Lower North recording the highest auction clearance rate at 95.1 percent, according to Domain's Andrew Wilson.
Despite lower listings, Melbourne's Moomba long weekend holiday auctions gave a strong result.
Melbourne's Saturday clearance rate of 79.2 percent was down from the 80.6 percent recorded the weekend before.
Andrew Wilson said Melbourne’s weekend clearance rate has averaged 79.7 percent since the season began in earnest in February which is the best start to the auction year since 2010. 
"Some 258 homes were listed for auction in Melbourne on Saturday which was lower than the 1182 auctioned the previous weekend and also lower than the 342 auctioned over the same holiday weekend last year," he said.
"Auction numbers will be sharply higher next Saturday as the market moves back to normal mode with just under 1200 homes set to go under the hammer. 
"Melbourne’s booming north continues to record the highest regional clearances and was joined this holiday weekend by the inner east that also recorded a similar super-strong result. 
"The north reported a weekend clearance rate of 93.3 percent with 14 sales out of 15 reported followed by the inner east 90.0 percent, the inner south 84.6 percent, the south east 80.0 percent, the north east 77.8 percent, the west 7.8 percent and the highest sales at 28, the outer east 74.1 percent and the inner city with a clearance rate of 69.2 percent
"Sydney auction market has bounced back strongly following last weekend’s month-low result with higher numbers of listings still proving simply irresistible to buyers.
"Sydney recorded a clearance rate of 82.9 percent on Saturday which was higher than the previous weekend’s 78.4 percent and well ahead of the 76.3 percent recorded over the same weekend last year.
"Sydney’s weekend clearance rate has averaged 81.4 percent since the season began in earnest in February and from record-high auction numbers – 3719 Saturday auctions have been conducted over the past six weekends which is significantly higher than the previous record of 3547 set over the same period in 2015."
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jonathanchancellor-7SQnKwU6yx

Melbourne weathers holiday weekend, Sydney auctions strong: Andrew Wilson

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A 1904 Killara trophy home with great sporting pedigree was the nation's top weekend auction result.
The upper North Shore Sydney home, Poitiers <a href="https://www.realestate.com.au/property-house-nsw-killara-124713770" target="_blank">sold for $5.45 million (above),</a> having been listed with a price guide of $4.9 million to $5.3 million.
Sitting on 1,900 sqm with 35 metre Springdale Road frontage, it was once home to Bert Oldfield, the famous test cricketer from the Bodyline era.
After almost five decades' ownership Bert Oldfield and his wife Ruth sold the home to the current owners John and Patricia Mortlock, the parents of former Australian Wallabies captain Stirling Mortlock.
The Mortlock family had purchased Poitiers in 1976 for $127,000. 
The Oldfields had bought it from the French-born Sydney socialite Paul Dekyvere in the early 1930s.
Featuring timber joinery and ceilings, original fireplaces and also a ballroom-sized formal lounge, the property was sold at weekend auction by Curran Property agent Glenn Curran.
He secured bids from four of the five registered bidders with it knocked down to local buyers of Chinese descent.
Attempts by the reality star and commercial real estate agent Krissy Marsh to secure $8 million for her six-bedroom Dover Heights home failed at its buyer-invitation only auction on Thursday evening (below).
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.05.37%20AM.png" alt="">
There were three registered parties seeking the architect-designed home of the <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/eastern-suburbs/dover-heights/320321" target="_blank">Real Housewives of Sydney star</a> through Alex Lyons and Peter Starr of McGrath who placed an $8 million vendor bid.
An agency tweet on Saturday incorrectly advised it had been sold which triggered an inaccurate Sunday news report (below). 
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.06.48%20AM.png" alt="">
Marsh is known on the series as the "property princess."
Just 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and a tad lower than one year ago (1,488), according to CoreLogic’s latest report.
Some four out of the eight states and territories had a public holiday Monday which has been a key factor in the fall in long weekend auction volumes.
The combined capital city clearance rate rose from 74 percent last week to 80 percent.
Both the two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 83.1 percent and Melbourne at 84.3 percent, while the highest clearance rate was in Adelaide where 87 percent of auctions cleared over the weekend. Canberra was also well into the 80s. 
One year ago, the combined capital city clearance rate was a lower 64.9 percent.
Given the Moomba long weekend only 355 Melbourne auctions were held, with a rise in the clearance rate for Melbourne from 78.4 percent last week.
Over the same weekend last year, Melbourne’s clearance rate was 68.6 percent across 420 auctions. 
Hawthorn East had the dearest house sale at $3.05 million, with <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn+east-124726850" target="_blank">18 Carlyle Street</a> (below) an 1890s Victorian house on 710 sqm.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.08.22%20AM.png" alt="">
The property offering three bedrooms plus study and two bathrooms last sold for $120,100 in 1984.
Of the Melbourne sub-regions, the highest clearance rate was recorded across the Inner South region, with preliminary results showing 92.9 percent of the 14 results were successful, followed by the Inner East where 92.5 percent of auctions cleared.
Sydney was the busiest capital city auction market this week, with 766 auctions held with its preliminary clearance rate of 83.1 percent well up on the final 76 percent for last week.
One year ago the clearance rate was 71.2 percent.
Sydney’s strongest performing sub-regions this week were Ryde (94.6 percent), Northern Beaches (90.9 percent) and North Sydney and Hornsby (90.2 percent).
With no public holiday on Monday for Brisbane, auction activity remained relatively stable, with 126 auctions held across the city, down from 158 last week and 152 one year ago.
The clearance rate increased from 55.3 percent last week to 61.1 percent this week, much stronger on the same time last year at 38.5 percent.
Across the Gold Coast, 45 auctions were held this week and preliminary results show that 46 per cent of the 30 reported results were successful.
In Adelaide, an 87 percent preliminary result was recorded across 82 auctions.
Last weekend, 147 Adelaide auctions returned a clearance rate of 68 percent for the city. 
A beachfront house at Henley Beach sold for $3.45 million. Located at <a href="https://www.realestate.com.au/property-house-sa-henley+beach-124742758" target="_blank">353 Esplanade</a> (below), the 1918 bungalow was offered for the first time in 50 years.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.09.49%20AM.png" alt="">
Perth’s preliminary clearance rate was 44 percent this weekend, up from 28 percent.
This week 28 Perth homes were auctioned, while 9 results have been reported so far. 
An original War Service home at Mosman Park in Perth sold for $1.2 million, the top sale on its election weekend.
Located at <a href="https://www.realestate.com.au/property-house-wa-mosman+park-124625682" target="_blank">41 Samson Street</a> (below) the north facing 705 sqm block was marketed as a perfect place for a new home site by Riverside Real Estate agent Henry Willis.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.10.48%20AM.png" alt="">
Across Canberra, 42 homes were taken to auction.
Preliminary results show a clearance rate of 83 per cent, up from 70 per cent the previous weekend.
A classic home at Campbell has been sold for $1.17 million, the most expensive Canberra home sold over the weekend.
Located at <a href="https://www.realestate.com.au/property-house-act-campbell-124768610" target="_blank">25 Jacka Crescent</a>, (below) the single level property features a formal lounge with slow combustion fireplace.
<img src="https://www.urban.com.au/images/2017/03/13/Screen%20Shot%202017-03-13%20at%2010.11.53%20AM.png" alt="">
It last sold in 2013 for $860,000 and $697,000 in 2007.
The property was offered through Peter Blackshaw Real Estate.
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j.ballantyne1990-6AQqhLzZaK

Mortlock family sells Killara sporting icon, Poitiers

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The current Essendon captain, Dyson Heppell and a former club captain Matthew Lloyd both secured post auction sales for their Melbourne investment properties on the weekend.
Dyson Heppell’s three-bedroom <a href="https://www.realestate.com.au/sold/property-house-vic-moonee+ponds-124554446" target="_blank">Moonee Ponds terrace</a> (above) fetched $1.44 million after being passed in at $1.35 million to its only bidder.
The 1880s Chaucer St offering had cost $1,065,000 in 2013.
It then became a $700 a week rental property.
Matthew Lloyd’s three-bedroom 1890s <a href="https://www.realestate.com.au/sold/property-house-vic-albert+park-124659998" target="_blank">Albert Park cottage</a> (below) sold for $1.85 million after it passed in on a vendor bid of $1.8 million at its Greg Hocking Holdsworth auction.
 <img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.01.13%20AM.png" alt="">
Renovated in 2007, it last sold at $1,477,500 in 2010. It became a $1000 a week rental property for the then recently retired champion.
"I thought what better place to invest than Albert Park," he told the Herald Sun.
“I was looking there and found a renovated property where I didn’t have to do any work and could rent it out.”
Heppell secured just over nine percent annual price growth during his three plus years while Lloyd achieved three percent annual growth during his six years.
No renovation work had been done by Heppell, while Lloyd recently put in a new bathroom, redid the floors and had given the whole house a repaint.
A five bedroom house with Sydney Harbour Bridge views at McMahons Point sold post-auction for $9.38 million, the highest priced result at weekend auctions across Australia.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-124619422" target="_blank">3A Warung Street</a>, (below) the tri-level property is set in a prized waterfront enclave.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.02.18%20AM.png" alt="">
The property was offered through McGrath who suggested it was Sydney's lower north shore highest auction result so far this year.
After nine contracts were issued, just two interested parties competed for the home which was passed in at $9.1 million.
It sold post auction to a couple reportedly downsizing from Hurstville, according to Domain. 
Another highlight in Sydney saw the waterfront <a href="https://www.realestate.com.au/property-house-nsw-balmain-124589878" target="_blank">1870s Balmain home</a> (below) of anthropology academic, Professor Richard Wright fetch $6.1 million, well above its $5.5 million reserve, when offered for the first time in more than five decades.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.03.37%20AM.png" alt="">
A four bedroom 1920s Toorak home sold for $5.5 million was the highest priced result in Melbourne at the weekend auctions.
Located at <a href="https://www.realestate.com.au/property-house-vic-toorak-124623202" target="_blank">684 Orrong Road</a>, below) the property set on 877 sqm of land had last traded almost 50 years ago.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.04.28%20AM.png" alt="">
It was marketed with a price guide of $4 million plus through Marshall White agents Richard Mackinnon and Fraser Cahill.
The solid brick residence was marketed as available for immediate residency, renovation or development as apartments or townhouses.
It features leadlight windows, beamed ceilings and timber floors beginning from its reception hall.
Auction results continue their strong run into March, with the east coast auction engine rooms, Sydney and Melbourne recording an 80% clearance rate, according to CoreLogic’s latest report.
SQM Research Louis Christopher said the weekend results showed that buyer demand was holding up even as more sellers come back into the market.
The property data firm says that the preliminary clearance rate across the combined capital cities fell slightly, from 78.4 per cent to 77.8 per cent, based on preliminary results.
The number of auctions held across the capitals was lower, with 2,714 held, compared to 3,301 over the previous weekend which was a record high for February.
"In comparison, over the corresponding weekend last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,304 auctions held and 68.6 per cent reported as successful," Kevin Brogan, CoreLogic's auction commentator said. 
Sydney saw the clearance rate remain above 80 per cent for the fourth week in a row, and Melbourne for the second week in a row, while across the remaining cities; week-on-week results show a fall in clearance rates with the exception of Perth where results improved, and Tasmania, which remained unchanged over the week.
Melbourne was host to 1,399 auctions and preliminary results show a clearance rate of 80.4 per cent, down slightly from last week’s final clearance rate of 81 per cent across 1,635 auctions.
At the same time last year, Melbourne’s clearance rate was 72.1 per cent, with 1,236 auctions held across the city.
Melbourne’s Inner region was the busiest for auctions with 295 homes going under the hammer, followed by Inner South (260) and Inner East (179).
The North East region was the best performer in terms of Melbourne clearance rates, with an 87.6 per cent success rate across 133 auctions.
The REIV president Joseph Walton said he summer auction market, from December to February, has delivered the highest number of auction sales on record with close to 5,600 homes sold under the hammer.
Sydney’s preliminary auction clearance rate increased to 80.5 per cent from 80 per cent last week.
Auction volumes were lower this week with 886 homes taken to auction, compared to 1,210 last week.
The same weekend last year had a clearance rate of 68.7 per cent was recorded across 708 auctions.
The performance across Sydney’s regions was varied - across the South West region with a clearance rate was 66 per cent to the City and Inner South (88 per cent) and also the Northern Beaches (88 per cent).
Across Brisbane, the clearance rate was 59 per cent, down from 62 per cent but higher than one year ago (50 per cent).
Auction volumes were also down with 148 auctions, compared to 176 last weekend and a lower 133 last year.
Hendra had the top price when $3.5 million was paid for a <a href="https://www.realestate.com.au/property-house-qld-hendra-124694682" target="_blank">five bedroom home</a> (below) rich in original features.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.05.29%20AM.png" alt="">
It was marketed by Ray White Real Estate as a modern Queenslander.
A total of 120 auctions were held in Adelaide, down from 122 last weekend, although higher than last year (99).
Preliminary results show 69 per cent sold, down from the prior 71 per cent when the city recorded the highest clearance rate for the year to date.
The preliminary clearance rate for Perth was 36 per cent, compared to 30 per cent last weekend and 21 per cent last year.
Canberra’s clearance rate fell to 70 per cent, after being recorded at 76 per cent last weekend.
There were 116 auctions held across Canberra, up from 103. 
An auction in Forde set a $1.4 million suburb record by $130,000, according to Domain.
<img src="https://www.urban.com.au/images/2017/03/06/Screen%20Shot%202017-03-06%20at%209.06.32%20AM.png" alt="">
It was a <a href="https://www.realestate.com.au/sold/property-house-act-forde-124693566" target="_blank">five bedroom offering</a> (above) on an 800 sqm block at 3 Arndt Street.
One year ago, 67 percent of Canberra’s 88 auctions cleared.
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jchancellor-FAypfDUnLy

Bomber Dyson Heppell sells in Moonee Ponds after weekend auction 

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Melbourne hosted the highest number of February auctions on record over the weekend and recorded a boom time clearance rate according to Domain's Dr Andrew Wilson.
He said Sydney had its third consecutive weekend clearance rate above 80 percent over the weekend.
"It was the first Super Saturday of auctions in Sydney with a February record of 940 homes listed, which was significantly ahead of the 674 auctioned the previous Saturday, and the 654 offered over the same weekend last year," he said.
"The previous February record for Saturday auctions was 785 in 2014.
"Inner-suburban, higher-priced suburban regions dominated the results in a pattern that has been consistent in Sydney over the past year.
"The Blue Mountains had a 100 percent clearance rate at the weekend, although only a single reported auction. Next highest clearance rate was the upper north shore with 86.9 percent, followed by the inner west with 85.6 percent
"The city and east recorded 84.2 percent and the highest sales at 117, the lower north scored 83.8 percent and the northern beaches 82.5 percent.
"Melbourne recorded a remarkable clearance rate of 82.4 percent on Saturday, which was higher than the 79 percent the previous weekend, and well ahead of the 75.3 percent over the same weekend last year.
"All of Melbourne’s suburban regions recorded strong clearance rates at the weekend with the early-season market now in full swing and regional results resembling the consistency and narrow range of outcomes typical for most of last year.
"And again similar to last year, lower priced outer-suburban regions continue to record the highest results. 
"The south-east recorded the highest clearance rate on Saturday with 88.1 percent followed by the north-east 86.3 per cent and the west had 85.9 percent with the highest number of sales at 152."
In Melbourne, 17 Spring Road, Malvern (above) sold for $5,075,000 over the weekend. 
Sydney's most affordable sale was at 28/144 Moore St, Liverpool. The two bedroom unit sold for $423,500 (below).
<img src="https://www.urban.com.au/images/2017/02/27/Screen%20Shot%202017-02-27%20at%2011.39.53%20AM.png" alt="">
 
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Boom time clearance rate for Sydney, Melbourne auctions 

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National auction numbers are up this week with 1,555 Melbourne auctions scheduled and 1,142 homes set to be taken to auction across Sydney according to CoreLogic.
Some 3,122 auctions are slated for this weekend. According to CoreLogic, auction activity is higher than the corresponding week last year, with 2,701 auctions.
CoreLogic said outside of Sydney and Melbourne, each of the remaining capital cities is set to see a higher number of auctions this week compared to last week with 161 auctions are set to take place in Brisbane this week, 44 more than the previous week.
"The three busiest suburbs for auctions this week are all in Melbourne with Reservoir (28), St Kilda (26) and Elwood (20) topping the list. The busiest suburb for auctions outside of Melbourne is Sydney’s Mosman, with 18 auctions scheduled."
CAPITAL CITY AUCTIONS THIS WEEK
                        Sydney: 1,142
                        Melbourne: 1,555
                        Brisbane: 161
                        Adelaide: 114
                        Perth: 44
                        Canberra: 95 
 
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National auction numbers up this week: CoreLogic

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Weekend auction numbers are rising week on week in Sydney and Melbourne with 1,005 auctions scheduled to be held in Melbourne and 807 properties set to go to auction across Sydney, according to CoreLogic.
CoreLogic report 2,136 capital city auctions for the week, up from 1,591 last week.
In the same week last year 2,347 auctions were held.
Corelogic said across the smaller markets, auction activity is set to be lower this week compared to last week, and also lower than the same week last year. 
Capital city auctions this week
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Sydney: 807 
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Adelaide: 84 
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Perth: 41 
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Canberra: 80 
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Richmond in Vic is the busiest individual suburb for auctions across the nation this week, with 21 residential homes set to go 
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under the hammer, followed by Glen Waverley also in Vic with 18, Cronulla (NSW) with 14, Randwick (NSW) and Brunswick (Vic) both set to hold 13 auctions. 
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Sydney, Melbourne weekend auction numbers rising week on week: CoreLogic

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Melbourne reported a clearance rate of 78.7 percent on Saturday, with Sydney posting a boom-time weekend clearance rate of 84.2 percent according to Domain's Dr Andrew Wilson.
He said about 470 homes were scheduled to go under the hammer in Melbourne over the weekend, similar to the 466 auctions conducted over the same weekend last year.
"Higher auction numbers also translated into a more representative spread of regional listings at the weekend, with a higher proportion of inner suburban, higher-priced homes going under the hammer. This trend will escalate over coming weekends," he said.
"Melbourne’s northern suburban region continued to record the highest weekend clearance rates, as it did for most of last year. 
"The north east was tops at 91.4 percent, followed by the north at 87.5 percent, the inner east at 86.4 percent, the west at 80.3 percent and the highest sales with 61, the outer east at 76.6 percent, the inner south at 76.4 percent, the south east at 72.4 percent and the inner city trailing again this weekend with 67.6 percent.
"About 540 homes were listed for auction in Sydney on Saturday, which was a record early-February offering.
"Inner suburban regions were again the top performers in Sydney at the weekend, which continued the consistent trend of most of the past year. 
"The top clearance rate was recorded by the lower north with a booming 94.6 percent, followed by the inner west with 93.3 percent and the most sales at 56.
"The city and east had a clearance rate of 88.1 percent, Canterbury Bankstown with 83.3 percent, the central coast with 82.4 percent, the upper north shore with 82 percent and the south west with 81.8 percent.
"The northern beaches had a clearance rate just under 80 percent at 79.5 percent, while the south and the north west each recorded a 78.3 percent clearance rate. The west trailed at 68.4 per cent and the Blue Mountains even less at 50 percent."
 
 
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Sydney posts boom-time weekend clearance rate, Melbourne numbers high

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Chinese e-commerce platform Alibaba could soon include Australian apartments and allow the payment of deposits or settlements through payment gateway Alipay.
Following the launch of Alibaba's first Australian office in Melbourne last week
John O'Loghlen, Alibaba Australia New Zealand business development director, confirmed to the Australian Financial Review the listings move has been 'discussed internally'.
"This space is [currently] well serviced by the market and the Monika Tus of the world and they do a good job. Our focus is on small businesses but we've discussed it [selling real estate]," he said
"It is possible, as it is an area that is changing so fast.
"Alipay is the dominant platform for these transactions, but it is important that the Australian and Chinese tax bureaucracies are transparent. We are incredibly aware of the flows of money that it will attract.
"We have been on the front foot ... engaging in this conversation."
Mr O'Loghlen said any plans for apartment sales or online transactions would not be immediate for Alibaba.
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Alibaba Australia may enter residential apartment market

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Investors snapped up 20 Gold Coast auction offerings ahead of Ray White's scheduled one-day Gold Coast sale named The Event, held on Sunday. 
The Event was scheduled to auction 115 properties in one day. 
Listings were up from 98 last year. Auction organisers confirmed 300 plus registered bidders for the event.
Attendees noted there were signs of caution among buyers with around 39 out of the initial 75 properties auctioned finding buyers.
Final sales figures were still being tallied late Sunday, with preliminary estimates showing a clearance rate of around 51 per cent.
The 20 pre-auction sales showed investors were full of confidence about the region, Ray White Surfers Paradise chief executive Andrew Bell said.
Sales included a five-bedroom house at 22 Yacht Street in Southport for $1.56 million. Another was a three-bedroom townhouse at 5212 Marine Drive West in Sanctuary Cove sold for $800,000. 
"It's slightly more [presales] than last year," Andrew Bell told The Australian Financial Review.
Sales under the hammer included a two-bedroom apartment in a late 1980s apartment building at 25/3510 Main Beach Parade, Main Beach. It sold for $1.3 million, which was less than the $1,415,000 it fetched in 2007.
A penthouse in the Paloma building at 11/93 Albatross Avenue, Mermaid Beach, sold for $1.6 million.
A three-bedroom apartment at 274/1 Serisier Avenue, Main Beach sold for $1.1 million, below the $1,510,000 it sold for in pre-global financial crisis 2007. 
Unlike prior years, the weekend auction only had a few prestige offerings, which was an initiative of Mr Bell.
Last year's top sale was a boat from their marine sales division.
However a four-bedroom home at 76 Admiralty Drive, Paradise Waters sold for $3.5 million.  
Today’s sale of number 76, which was featured on the cover of the Gold Coast Bulletin’s real estate magazine, will see its Brunei-based owners farewell their holiday home of 17 years.
Set on a 792sq m, the residence features Versace-esque drapes, chandeliers and gold finishes throughout.
RWSP selling agent Jackson Paradise said the seller works in the hotel industry in Brunei but his children live and study in Brisbane.
There was also a vacant 835-square-metre block of Paradise Waters riverfront land sold for $2.85 million. 
Among the cheapest was a one-bedroom apartment at 15/3355 Surfers Paradise Blvd, Surfer Paradise, that sold for $218,000.
The $295 a week rental last sold at $320,000 in 2010.
The villa on The Parkway, Sanctuary Cove (pictured top above) remains for sale. It last traded in 2007 at $1.95 million. 
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Gold Coast offerings go under the auction hammer at Ray White's The Event

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Figtree, an inner west suburb of Wollongong, figured in CoreLogic’s top 10 list of suburbs for units with the most change in value in the 12 months up to September 2016.
Figtree (postcode 2525) was at number seven on the top 10 list in CoreLogic’s Best of the Best 2016 report. It had a median price of $496,924 with a change of 25.6 percent. The suburb saw 33 transactions during the period and units comprised about 6 percent of the total number of homes.
Its population was just over 10,000, according to ABS Census 2011.
<a href="https://www.propertyobserver.com.au/images/2017/01/11/Screen%20Shot%202017-01-11%20at%209.40.46%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/11/Screen%20Shot%202017-01-11%20at%209.40.46%20AM.png" alt="">
Property Observer looked up some sales around the median price and recent sale history.
A three-bedroom unit at <a href="https://www.realestate.com.au/sold/property-townhouse-nsw-figtree-122120754" target="_blank">1/10 William Street Figtree, NSW, 2525</a> sold in April 2016 for $495,000, according to RP Data. The selling agency was Spinelli Real Estate. It previously sold for $335,000 in 2012, reflecting a change in value of 47.8 percent in four years or an annual growth rate of about 10.7 percent.
 <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/2017/01/16/Figtree1.jpg" alt="" width="668" height="504">
A two-bedroom  unit at <a href="https://www.realestate.com.au/sold/property-villa-nsw-figtree-121596914" target="_blank">10/49-55 Cordeaux Road, </a><a href="https://www.realestate.com.au/sold/property-villa-nsw-figtree-121596914" target="_blank">Figtree, NSW 2525</a> sold for $467,500 in January 2016, according to RP Data. The deal was through Belle Property. The unit had previously changed hands in 2013 for 365,000, data shows, implying a change in value of 28 percent over three years or an annual change of about 10.05 percent.
<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/2017/01/16/Figtree2.jpg" alt=""> 
 
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