The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Residential Sales

<html><body>
Many home buyers and investors believe the length of time in the market is more important than the timing of the purchase when it comes to making a bigger profit on selling.
There is always a debate about which is more significant.
It was brought home to me in the dearest and cheapest sales last weekend across Sydney. 
An expatriate infrastructure guru sold his Mosman home - a six-bedroom Bradleys Head Road trophy home on 2244 sqm - for around $16 million.
It had set a non-waterfront record for the suburb when it last sold at $7.15 million in 2001, but not this time.
Having generated five percent annual price appreciation, I'd suggest while the quick bullish sale was noteworthy, its price had presumably plateaud for much of the 15 years.
Sydney's cheapest sale was at Harris Park where a two bedroom unit fetched $490,000. It had last sold in 2011 so the $200,000 sale price jump reflected 10 percent annual price growth.
Certainly an impressive gain with the time almost coinciding with the boom that began in 2012 and has continued to run, with a few brief, mild dips along the way.
Yet many stick to the theory of time in the market rather than timing the market.
Anyone can wait and hope as real estate will typically rise over time.
But more money can be made with less duress by investors understanding markets as to where to buy next and when.
Australia comes with very different state-based property market cycles that all have distinct patterns ranging from bottom of the market to the top. 
Sydney is currently a bit like the champion thoroughbred, Lord Fury who won the 1961 Melbourne Cup leading from start to finish.
But beware sometimes Sydney flounders.
Indeed Sydney withstood a challenge as the priciest capital city in which to buy property from Perth during the 2007 mining boom, then from our southern neighbour, Melbourne around 2012.
Today Perth resembles a property basketcase. If you followed the investor boom herd into Perth, then the past few years have shown how the property market can falter, and CoreLogic's head of research Tim Lawless says there no signs the marketplace was yet starting to level out.
Westpac, the nation’s second-biggest mortgage lender revealed this week that 90-day mortgage arrears in Western Australia had rocketed to more than double a year ago.
Overall Australian mortgage arrears of 90 days or more are up 21 basis points compared to 2015, but Perth is up 130 basis points.
Not that it is anything like the last recession as in a total loan book of 1.6 million mortgages, Westpac has only 262 houses in possession – equating to 0.02% of its portfolio.
Westpac chief executive Brian Hartzer said the flow-on impact from the collapse in the mining investment boom had forced the bank to step back from the state.
“We began winding back our exposure in WA a while ago ­because of concerns about what was happening in the mining sector, so although those percentages look relatively high they’re pretty small in the scheme of things in our book,” he said.
“This is being offset by continued low stable delinquencies in NSW where economic activity has been robust."
Many suburban markets across the capital cities typically perform without omnipresent boom-or-bust patterns. 
Of course if you’re canny you can make money no matter what the market is doing, but investors will always make more by running counter to the cycle. 
This article first appeared in the Saturday Daily Telegraph.
</body></html>

jchancellor-FAypfDUnLy

Trick to timing and making a bigger profit when selling property

<html><body>
Nearly 1100 homes are slated for auction across Melbourne this weekend, well below the 1339 auctioned over the same weekend last year.
Around 950 auctions are slated for this weekend in Sydney according to CoreLogic, with Mosman the busiest suburb for auctions.
Domain chief economist Andrew Wilson said auction numbers are still rising in Melbourne’s late spring market providing more choice for buyers who continue to secure property at the highest rate in years for this time of the year.
"The inner south will provide the most auctions this weekend in Melbourne with 175 closely followed by the west with 172, the north east 158, the inner east 133, the inner city 124, the outer east 107, the north 104 and the south east 82," he said.
"Reservoir is once again Melbourne’s most popular auction suburb this weekend with 22 followed by Glen Iris and East Bentleigh with 17 each, Brighton 15, Elwood 14 and a number of suburbs with 13 auctions scheduled including Cheltenham, South Yarra and Kew.
"Despite a surge in listings, Melbourne recorded another healthy result for sellers with a clearance rate of 79 percent. This was higher than the previous weekends 78.3 percent and well ahead of the 69.7 percent reported over the same weekend last year.
</body></html>

jonathanchancellor-7SQnKwU6yx

Auction numbers still rising in Melbourne

<html><body>
A one bedroom apartment at Perisher Valley is for sale at a reduced price of $199,000.
Located at <a href="https://www.raineandhorne.com.au/properties/1-20-candle-heath-road-perisher-valley-2624-new-south-wales" target="_blank">1/20 Candle Heath Road</a> it is situated on the ground floor in the Stables Apartments which is contemporary on-snow accommodation.
Each striking timber and granite chalet/apartment is fully self-contained with furnishings including CD/TV/DVD, full kitchen including dishwasher as well as full laundering facilities with many of the apartments featuring spa baths, underfloor heating and gas flame fire.
The property is offered through Raine and Horne agent Matthew Anstee.
</body></html>

j.ballantyne1990-6AQqhLzZaK

One bedroom apartment at Perisher Valley for sale

<html><body>
The number of auctions for the week ending 6 November is down from the highs of a year ago, although risen in the final month of spring according to CoreLogic.
The preliminary clearance rate is 77.5 percent across 2,490 reported auction results, higher than last week’s final clearance rate of 74.4 percent.
CoreLogic said over the corresponding week last year, auctions volumes were significantly higher with 2,947 auctions reported and a 61.4 percent clearance rate.
"The high rate of clearance is evident in the distinct markets, where Melbourne reported an 80.5 percent clearance rate, up from the previous weeks 77.5 percent, also Sydney (82.1 percent) and Canberra (79.5 percent) producing high clearance rates week-on-week reporting above 80 and 70 percent respectively, four weeks in a row." 
<a href="/images/2016/11/07/Screen%20Shot%202016-11-07%20at%2012.10.12%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/07/Screen%20Shot%202016-11-07%20at%2012.10.12%20PM.png" alt="">
</body></html>

National auction levels still down year to year: CoreLogic

<html><body>
The Sydney Saturday weekend auction market is the second biggest this year so far and Melbourne's auction market is up following last weekend's Cup break.
Some 800 homes are slated to go to auction in Sydney and above 800 in Melbourne although well down from the 1071 listed on the same weekend last year.
Domain Group’s chief economist Dr Andrew Wilson said Sydney's inner west will host the highest number of auctions with 110 home set to go under the hammer, followed by the upper north shore’s 108 auctions.
"Mosman is clearly the most popular suburb for auctions in Sydney on Saturday with 22 properties listed, followed by Blacktown with 10, Maroubra and St Ives each with nine and Epping, Baulkham Hills and Kensington with eight houses each listed for auction," he said.
"A significant jump in auction numbers last weekend failed to dampen clearance rates with the Sydney auction market producing yet another boom-time result.  
"Sydney recorded a clearance rate of 81.4 percent last Saturday which, although below the previous weekend’s stunning 84.4 percent, was another strong result for sellers. The market continues to track well ahead of last spring’s fast fading rates with just 66.3 percent reported on the same weekend a year ago.
"In Melbourne, the western suburbs are again the most popular region this weekend for auctions with 140 scheduled. Next highest is the inner city with 112, closely followed by the north east with 111, the inner south 101, the inner east 91, the outer east 81, the north 76 and the south east with 64 auctions listed.
"Reservoir is the most popular auction suburb this weekend with 13 followed by several suburbs with 11 auctions listed including St Albans, Melbourne, Bundoora, Richmond, St Kilda and Elwood."
</body></html>

Melbourne auction market off and racing post Cup, Sydney red hot

<html><body>
Melbourne and Hobart lead the nation in year on year residential asking property price growth for October according to SQM Research with median house prices in Melbourne up 13.3 percent to $792,000 and units 5.4 percent to $458,200.
Year on year median asking prices in Hobart for units are up 21.7 percent and house prices up 9.8 percent. 
Louis Christopher, SQM Research managing director, said the number of Australian residential property sale listings fell in most capital cities during the month of October 2016, led by declines in Melbourne, with only Canberra and Perth reporting rises.
<a href="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%201.07.40%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%201.07.40%20PM.png" alt="">
"The number of national residential property listings fell 2.1 percent in October to 339,922 new listings, to be down 6.5 percent from a year earlier," he said.
"While Sydney median asking house prices are up to $1,165,100, vendors for now appear to have been willing sellers at these levels and have not pushed harder.
"Prices in Darwin and Perth are still falling, with the median asking price for a house in Perth at $682,800, 5.2 percent lower than this time last year, and $620,900 in Darwin, down 6.6 percent from a year earlier. 
"Sydney property listings fell 1.4 percent in October, to be down 7.3 percent from one year ago, reflecting a lack of supply which is keeping upward pressure on property prices.
<a href="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%201.07.51%20PM.png" target="_blank">Click to enlarge</a> <img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%201.07.51%20PM.png" alt="">
"In Melbourne, listings are down 10.4 percent from a year ago, while they are down 18.2 percent in Hobart, again pressuring housing prices higher.
“The shortage of properties for sale in Melbourne and Hobart is creating upward pressure on property asking prices, while growth in asking prices has cooled slightly in Sydney. Quite frankly to see listings fall during what is normally a month that records seasonal surges, is a concern to me."
 
</body></html>

Year on year asking price jump for Melbourne, Hobart: SQM Research

<html><body>
The weekend sales in Brisbane saw the $5.225 million sale of the six decade long home of the late Sir John Pidgeon, a respected leader in the construction and property industry. 
The home at <a href="https://www.realestate.com.au/property-house-qld-holland+park-123667174" target="_blank">14 Otway St, Holland Park</a> on 5275 sqm was purchased for $5.225 million by a local buyer.
Sir John passed away in June.
The auction, through Dixon Family Estate Agents, attracted 36 registered buyers, according to the Courier Mail.
The living room fireplace is an authentic George III white marble inlaid chimney piece, the jamb centred with a relief of Diana and her Hound. 
</body></html>

firstname1-iYD4UYzvBa

Sir John Pidgeon's Holland Park, Brisbane home sold

<html><body>
The most expensive house to sell at weekend auction in Melbourne was a derelict four bedroom heritage home in Hawthorn for $2.815 million.
It was roofless! Decaying over the past decade, then nearly <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-123697414" target="_blank">destroyed by fire two years ago</a>.
Most Melbourne agents - and their vendors and buyers - took the weekend off for the spring racing carnival.
But Marshall White agent Duane Wolowiec saw the opportunity to run a lengthier five week marketing campaign for his tricky listing that gave prospective buyers extra time to become convinced it was a punt they'd be prepared to take on.
The top sale at Hawthorn was a 1000 sq m offering on the Lisson Grove estate which since the 1870s had been regarded as one Hawthorn's most fashionable avenues given the lovely Victorian homes set in large gardens.
Number 65 was one of four single storey villas built between 1884 and 1886 by the Troon family featuring a symmetrical façade with double bay windows.
"We have five young families bidding" Duane Wolowiec said. 
"There are strict heritage restoration conditions including the need to install slate roofing," he said.
Most buyers thought the restoration would cost at least $1.5 million, he added. Hawthorn's median house price currently sits at a record $1.85 million, according to CoreLogic.
</body></html>

Roofless house fetches $2.8 million

<html><body>
Flemington has been recently ranked the Melbourne suburb with the fastest selling houses.
Houses listed by private treaty in Flemington sell in 39 days, according to Investar’s latest market report.
It was followed by Kensington at 40 days and Caulfield South at 42 days.
Houses price growth at Flemington appears to also have some gallop too.
The three bedroom Edwardian home at <a href="https://www.realestate.com.au/sold/property-house-vic-flemington-123684630" target="_blank">17 Sturt Street</a> (above) was offered for weekend auction with initial price guidance between $850,000 to $900,000, which was upped to $860,000 to $940,000 during the marketing campaign.
It fetched $1,237,000 at weekend auction having last sold at $585,000 in 2005.
The Malvern home of the late legendary bookmaker Sid Hill and his widow Marcia sold for $3.15 million on Saturday.
It was declared on the market at $2.95 million as four bidders battled for the home. 
Auction clearances rose to their highest level this year across Australia.
The national average rate clearance hit 80.2 percent, up from 76. 2 percent last week, CoreLogic's preliminary numbers showed.
In Sydney, the success rate rose to 85.6 percent from 81.4 percent last week as the number of spring auctions fell to 866 from 913.
Melbourne clearances increased too from 77.7 percent to 81.8 percent, while its auction numbers rose, to 1378 from 1182 last week given the push forward from the pending spring racing carnival distraction.
While listing numbers typically head higher the deeper into the spring selling season, this year they remain stubbornly weak.
Every capital city except Canberra had less weekend auction stock than a year ago.
Every capital city recorded a preliminary clearance higher than a year ago.
CoreLogic's Kevin Brogan noted the 2641 auctions scheduled for the week to Saturday was 16 percent below the 3143 of the same weekend last October. 
Domain had Reservoir and Richmond, in Melbourne, as the busiest suburbs for auctions across the nation with 21 residential homes set to go under the hammer.
They were followed by St Kilda (20) and Brighton (19) also have a relatively high number of auctions.
In Melbourne, Australia’s largest auction market, 81.8 percent of the 1,229 reported auctions sold this week.
"This is the second time this month the clearance rate for Melbourne has been above 80 per cent," Kevin Brogan said.
The 1,378 auctions held across Melbourne was lower than the 1,690 auctions held one year ago, when there was a notably lower clearance rate of 69.7 percent.
Melbourne's top sale was a Hawthorn house. The double fronted <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-123674538" target="_blank">1890s Hawthorn Grove house</a>, (below) Brehon fetched $5.02 million with three bidders. 
<img src="/images/2016/10/24/Screen%20Shot%202016-10-24%20at%209.56.04%20AM.png" alt="">
It was listed by Jellis Craig with $4 million plus price guidance, then selling well above the $4.3 million reserve price set for the deceased estate which is one of the last unrenovated properties on the street. 
There was a $5.5 million top bid at Balwyn but it did not sell.
A <a href="https://www.realestate.com.au/property-apartment-vic-west+footscray-123678098" target="_blank">West Footscray apartment</a> (below) scored the nation's cheapest sale when a one bedroom unit sold for $200,000.
<img src="/images/2016/10/24/Screen%20Shot%202016-10-24%20at%209.57.06%20AM.png" alt="">
It was just $10,000 higher than its $190,000 sale in 2012. The one bedroom apartment had most recently been a $250 a week rental.
In Sydney, 866 auctions were held this week, down from 913 over the previous week.
"The preliminary clearance rate of 85.6 per cent is the highest recorded for the year to date," Kevin Brogan said.
Since the beginning of spring Sydney’s clearance rate has remained above 78 per cent.
The 85.6 per cent success rate sits significantly higher than this time last year, when a clearance rate of 61.3 per cent was recorded across 1,024 auctions.
The Blacktown region recorded the strongest clearance rate of 93.8 per cent across 22 auctions.
Sydney's top sale was a riverfront mansion which sold for <a href="https://www.realestate.com.au/property/72-champion-rd-tennyson-point-nsw-2111" target="_blank">$8.3 million at Tennyson Point</a> (below) smashing its $7 million reserve.
<img src="/images/2016/10/24/Screen%20Shot%202016-10-24%20at%209.58.16%20AM.png" alt="">
The selling agent Matthew Ward said four registered bidders competed to own the home which was built eight years ago.
Brisbane was host to 192 auctions this week and so far 118 results have been reported, with 53.4 per cent of successful sales.
Brisbane's top sale was $2.8 million in East Brisbane when the quintessential Queenslander, <a href="https://www.realestate.com.au/property-house-qld-east+brisbane-123695558" target="_blank">Quambathella</a> (below) was sold through Ray White.
<img src="/images/2016/10/24/Screen%20Shot%202016-10-24%20at%2010.00.24%20AM.png" alt="">
It was listed by the Brisbane hairdresser, Jon LeCourt who founded the hairdressing chain Jon LeCourt Salons in the early 1970s.
He purchased the home in 1987 for $325,000.
Quambathella, built in the early 1900s by real estate agent George Blocksidge, sits on a prime 3644sq m block.
The cheapest Brisbane district sale was $285,000 at Eagleby. 
<img src="/images/2016/10/24/Screen%20Shot%202016-10-24%20at%2010.01.39%20AM.png" alt="">
The f<a href="https://www.realestate.com.au/property-house-qld-eagleby-123711382" target="_blank">our bedroom late 1970s house</a> (above) had traded last in 1984 at $41,650.
Adelaide saw a preliminary clearance rate of 77.4 percent while Perth’s clearance rate was 46.2 percent across 33 auctions.
Canberra had a total of 64 auctions this week, compared to 72 last week and 58 at the same time last year. 
Canberra’s preliminary clearance rate of 74.4 percent was down on the previous week's 82.8 percent.
</body></html>

Clearance rate gallops to year high, as auction listings stay stubbornly low

<html><body>
The sell-out of Macquarie Park’s tallest tower has been secured by TOGA.
It has sold the final apartment in its $160-million 192-apartment One Twenty Macquarie development.
The sell-out result follows the sale of more than 80 percent of apartments within four hours at the March 5 sales launch earlier this year. 
The final three-bedroom apartment in the 23-storey Turner-designed tower was snapped up last week.
Including One Twenty Macquarie, TOGA has sold more than 1000-apartments within the City of Ryde region including the sold-out 618-apartment development Macquarie Central, the 205-apartment Central Square at West Ryde and 161 apartments at Macquarie Green located in North Ryde.
TOGA Development and Construction Chief Executive Officer Fabrizio Perilli said providing high-quality apartment living in a strong growth area was a key to One Twenty Macquarie’s success.
The median unit price in Macquarie Park has risen 50 per cent in the past five years to $671,000.
“To sell-out all 192-apartments ahead of construction commencing is a fantastic milestone,” he said.
“The Macquarie Park business district is now larger than North Sydney and the result at One Twenty Macquarie strongly reflects the appeal of an area on-track for further growth.
“Macquarie Park offers the fundamentals apartment buyers are looking for: local employment, education, shopping and childcare hubs all connected by efficient transport nodes.
“TOGA’s contribution to the City of Ryde region has set the pace for Macquarie Park, and the platform for the area’s future growth,” Mr Perilli added.
Macquarie Park is the second largest business district in NSW, boasts the state’s largest suburban shopping centre and is projected to be Australia’s fourth largest CBD by 2030.**
By 2030, Macquarie Park is expected to attract 45,000 new jobs and 25,000 new students.
Once complete One Twenty Macquarie will feature premium amenities including a gymnasium, a theatrette, landscaped gardens, parking and a stylish retail café at its ground level.
Apartments have balconies capturing views to Sydney CBD, North Sydney, Chatswood and Homebush as well as views overlooking Lane Cove National Park.
The architecturally-designed tower will be the centrepiece on Herring Road; a thriving boulevard at the centre of the NSW Government’s Priority Growth Areas and Precincts Program.
One Twenty Macquarie is positioned 16 kilometres from Sydney CBD and 450 metres from Macquarie University, Macquarie Shopping Centre and Macquarie University railway station; at 120 Herring Road.
In recent years, Macquarie Park has benefited from infrastructure development such as the Chatswood to Epping Rail link and the expansion of Macquarie Centre.
Construction at One Twenty Macquarie will commence in late-2016.
The development is expected to complete in early-2019.
Prices at One Twenty Macquarie started from $615,000.
For more information visit <a href="https://www.onetwentymacquarie.com.au/">www.onetwentymacquarie.com.au</a> or call 1300 926 946
</body></html>

Residential Sales

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Sales

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News