Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Residential Sales

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Melbourne auctions totalled a clearance rate of 78 percent over this weekend, up from 77 percent for the same time last year, according to the REIV.
Some 819 properties sold, with 231 passed in, 11 on a vendor bid.
The suburbs with the most auctions so far this year are Craigieburn (31 auctions), Mooroolbark (28 auctions), Richmond (27 auctions) and Bentleigh East (26 auctions).
The top house sale for the week was <a href="https://www.realestate.com.au/property-house-vic-toorak-121779694" target="_blank">3 Crestmont Court Toorak</a> (above) which sold for $5,795,000.
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po-LsXgBTHBmX

Melbourne auctions total 78 percent clearance rate: REIV

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The Drummoyne home of Crust Pizza founder Costa Anastasiadis and his wife Lauren sold at weekend auction.
They have plans to trade-up to the waterfront at Henley.
Crust Pizza started as one store in 2001 up to about 120 stores 11 years later when the business was for $41 million.
The following year they spent $3.7 million on a waterfront mansion across the Parramatta River with renovations on the property since then.
Ray White Drummoyne’s Chris Wilkins and McGrath’s Aladdin Hassen were expecting $2.5 million at what was expected to be a big turnout for the auction with 15 contracts issued beforehand. 
The property last traded as a far less glamorous Californian bungalow in 2008 for $1.02 million then <a href="https://raywhitedrummoyne.com.au/nsw/drummoyne/1420391/" target="_blank">underwent a substantial backyard renovation in 2010</a>.
This article was first published in the Sunday Telegraph. 
 
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jrobinson-rf4aSBido9

Drummoyne backyard extension secures the weekend dough

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The top sale of the week was a four bedroom waterfront home in Hunters Hill, according to CoreLogic RP Data.
Set on a massive 1876 sqm site, the 1886 sandstone property at 22 Vernon Street sold for $6.51 million through BresicWhitney agent Nicholas McEvoy.
The Hunters Hill home narrowly edged out a six bedder in Mosman which sold for $6.5 million.
Sold through Simeon Manners Property, the home features a large wine cellar, gas-heated pool, spa, sauna and huge games room with a bar.
Top 10 sales across Australia last week
1. 22 Vernon Street, Hunters Hill, NSW - Four bedroom, two bathroom: Bresic Whitney: $6.51 million 
2. 54 Bradleys Head Road, Mosman, NSW - Six bedroom, four bathroom: Simeon Manners Property: $6.5 million
3. 61a Muston Street, Mosman, NSW - Four bedroom, three bathroom: Simeon Manners Property: $6.45 million
4 3 Crestmont Court, Toorak, VIC - Four bedroom, three bathroom: Melbourne Sotheby's International Realty Toorak: $5.79 million
5. 45 Roseville Avenue, Roseville, NSW - Five bedroom, four bathrooms: McGrath Estate Agents: $4.64 million
6. 22 Shackel Avenue, Clovelly, NSW - Four bedrooms, three bathroom: Phillips Pantzer Donnelley Woollahra: $4.2 million
7. 31 Harris Street, Paddington, NSW - Four bedroom, three bathroom: BresicWhitney Darlinghurst: $3.9 million
8. 219 Trafalgar Street, Annandale, NSW - Four bedroom, three bathroom: Pilcher Residential Annandale: $3.65 million
9. 35 Bundarra Road, Bellevue Hill, NSW - Five bedroom, four bathroom: Raine &amp; Horne Double Bay: $3.55 million
10. 797 Hampton Street, Brighton, VIC - Five bedroom, four bathroom: Buxton Brighton: $3.55 million
 
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Hunters Hill home tops the week's most expensive sales

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A nondescript $5.71 million Kew home topped the nation's weekend auction results with most of the six bidders planning to bulldoze the five bedroom, two storey brick home. It was built in the 1950s for the family of renowned expat Australian violinist Neville Taweel.
Just kms away from pricey 78 Sackville Street, a Brunswick offering was the nation's cheapest result.
It was the rather plain $216,000 one bedroom, single storey townhouse at 16/6 Garnet Street. Something of a pass the parcel seems to be going on it as had sold only two years ago at $229,500 and even higher at $240,000 in boomtime 2010, being a $240 a week rental in the meantime.
So all the attention fell on a contemporary Hawthorn East offering that was briefly the backdrop on the reality show, The Real Housewives of Melbourne as the rental home of Jackie Gillies, the wife of Silverchair drummer, Ben Gillies. 
A glamorous 1888 Victorian era home – with a 2010 extension by architect Steve Domoney - was their $2500 a week rental in season one on Foxtel.
Marshall White agent James Tostevin expected 2A Harcourt Street to sell for $3.5 million plus with it fetching $4,105,000 million, some $400,000 over reserve at its weekend auction.
Nothing so over the top in Sydney where the strengthening hammer success rate is mostly seeing results within the pre-auction price guidance.
The Sydney clearance rate sat well above 70 percent for the third successive weekend as earlybird sellers secured strong buyer interest.
When it came to affordability however, there were however just the four reported sales at $500,000 or less across Sydney.
A $488,000 sale of a two bedroom fibro at Bradbury, near Campbelltown, was the cheapest result with 15 Bland Street selling to an investor.
It appeared that the weekend auction buyers ignored the week-long headlines around the negative gearing policy uncertainty.
The CoreLogic RP Data capital city results pointed to a continuing or resurgent seller’s market, though auction bidders are being more measured to avoid runaway prices.
 
<a href="/images/2016/02/22/Screen%20Shot%202016-02-22%20at%209.28.17%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/22/Screen%20Shot%202016-02-22%20at%209.28.17%20AM.png" alt="">
Sydney ranked as the strongest mainland capital city over the past week with a 77 per cent success rate.
The scarcity of early February listings has seen the clearance rate bounce off the canvas, well up on being in the 50s last December.
Next strongest mainland capital over the past week was Melbourne at 73 per cent. Melbourne sales yesterday included Helikon, the ornate 1890s Albert Park home of retired radio medico personality Dr Paul Nisselle – broadcaster on 3LO from the early 1980s - which fetched $2.72 million.
It last traded at $1.89 million in 2009.
But Michael Wipfli, the current day Nova FM breakfast presenter, couldn't sell his Armadale home (above) which was passed in at $1.8 million. It last traded at $1.48 million in 2010, when listed with $1.25 million to $1.35 million hopes.
It had been listed through Jellis Craig agent Simon Dale with price expectations above $1.7 million, and now listed at $1.95 million.
Last week auction volumes almost doubled in Canberra, with 104 homes taken to auction. Despite the rise in auction activity, Canberra’s preliminary clearance rate has remained steady at 71, now with four consecutive weeks of clearance rates above the 70 per cent mark, similar to early 2015.
The overall national clearance rate of 72 per cent compared to last year’s results of 77 per cent, with Brisbane's results especially dragging the national figure down. 
But only Adelaide's 70 percent clearance rate was above the same level last year.
There are 1200 plus auctions scheduled for next weekend in Melbourne, suggesting an interesting few weeks as auction stock levels face the traditional pre-Easter escalation. Sydney sees 1000 plus weeks coming up.
"Auction activity will continue to ramp up which will test the resilience of auction markets on higher volumes," CoreLogic RP Data's Kevin Brogan noted.
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jchancellor-FAypfDUnLy

Nova's Michael Wipfli fails to sell in Armadale

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The top sale of the week was a five bedroom Clontarf family home, according to CoreLogic RP Data.
The property, <a href="https://www.domain.com.au/15-moore-street-clontarf-nsw-2093-2012513938" target="_blank">15 Moore Street, Clontarf, NSW</a>, sold for $4,100,000 through Guildea Residential Seaforth. 
 
TOP TEN
15 Moore Street, Clontarf, NSW, 5 bed, 3 bath, 2 car house, $4,100,000 Guildea Residential Seaforth
6/88 Beach Street, Coogee, NSW, 3 bed, 2 bath, 2 car unit $3,825,000 McGrath Estate Agents
29 Albion Road, Box Hill, Vic 6 bed, 3 bath, 5 car house $3,800,000 Ray White Blackburn
30 Ponsonby Parade, Seaforth, NSW 5 bed, 3 bath, 2 car house $3,700,000 McGrath Estate Agents
50 Nelson Road, Lindfield, NSW 4 bed, 2 bath, 2 car house $3,630,000 Chadwick Real Estate Killara
1604/81 Macleay Street, Potts Point, NSW, 3 bed, 2 bath, 2 car unit $3,400,000 Laing Real Estate Elizabeth Bay
10 Whistler Avenue, Unley Park, SA 4 bed, 2 bath, 2 car house $3,175,000 Harcourts Platinum 
72 Cascade Street, Paddington, NSW 4 bed, 2 bath, 1 car house $3,000,000 Phillips Pantzer Donnelley
247 Edgecliff Road, Woollahra, NSW 4 bed, 3 bath, 1 car house $2,975,000 Phillips Pantzer Donnelley 
10/50 Muston Street, Mosman, NSW 3 bed, 2 bath, 2 car unit $2,850,000 Marriott Lane Real Estate Crows Nest
 
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mick.cee-iDmgDDAmu8

Clontarf family home leads CoreLogic RP Data's top 10 sales

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<div>One of those photogenic bathing boxes on Brighton beach bettered the Melbourne bayside's price record when $295,000 was paid at weekend auction.</div>
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<a href="https://www.hockingstuart.com.au/BATHING_BOX_62B,_DENDY_STREET_BEACH_BRIGHTON_VIC_3186">Positioned on the Dendy Street foreshore</a>, the record had stood at $285,000 since late last month.
But dig a bit deeper into the ever shifting sands of Melbourne property and not every price is heading skyward.
The cheapest weekend Melbourne auction result represented a significant loss for the vendor.
The inner Melbourne studio apartment fetched $170,000, above the $155,000 pre-auction price guidance, but less than the $282,000 sale in 2011.
The Malaysian based investor vendor had been securing around $288 a week in rental, plus NRAS concessions.
In an unexpected early 2016 auction results twist, CoreLogic RP Data calculated Melbourne’s auction clearance rate has slipped below Sydney’s for the first time since mid-September last year. 
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No surprise Sydney topped the nation's weekend auction prices when $3.63 million was paid in Lindfield on its upper north shore. The 2010 Harvey Little-renovated four bedroom brick Lindfield home traded at $3.18 million two years ago, reflecting a nice six percent annual price gain.
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A $3.175 million Unley Park, Adelaide sale also easily exceeded Melbourne's top sale of $2.625 million in Hawthorn. The 1910 Edwardian Hawthorn home, that last sold in 1988 at $331,000, helped Melbourne's inner east as the strongest performing Melbourne sub-region with a formidable 81 per cent clearance rate across 52 auctions.
"There really is bugger all quality stock on offer right now," Melbourne buyer's agent Mal James suggested.
Not entirely the case as My Super Nanny childcare entrepreneur Stephanie Wakefield's Hampton property fetched $1.66 million on Saturday.
The fashionably styled home was listed with initial $1.5 million plus hopes, which were then revised up to $1.6 million plus.
In Sydney many buyers seemingly aren't waiting for the auction.
Australian test cricket vice captain David Warner and his wife Candice secured a bullish $7 million plus sale of their South Coogee home three weeks ahead of its intended auction.
The sale was easily above the $6.25 million paid two years ago by the couple who listed following their $4 million purchase of a oceanfront building block in Maroubra. 
After a shocking January kickoff, Sydney's Saturday auction clearance rate remained above 70 percent for the second successive weekend, suggesting the earlybirds vendors will do fine while stock levels stay low.
Volumes are set to ramp up shortly ahead of the earlier than usual Easter break.
But currently new listings in Sydney are at their lowest level for this time of year since 2012, according to CoreLogic RP Data.
Big differences are emerging though across the regions as North Sydney and Hornsby are sitting on a 92 per cent success rate while the South West secured just 52 per cent over the week to February 14. 
CoreLogic RP Data notes Sydney had shown a "remarkable bounce" in clearance rates, recording a 78 per cent preliminary clearance rate over the last week, compared with clearances that were tracking in the high 50 per cent range last December.  
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<img src="/images/2016/02/15/Screen%20Shot%202016-02-15%20at%209.05.21%20AM.png" alt="">
The national preliminary auction clearance rate once again surprised on the upside, rising to 72 per cent this week, compared to 70 per cent last week and 74 per cent over the same week one year ago.
The 1330 national auction volumes are higher than they were last week's 916 residential homes were taken to auction, however they are still tracking below the 1540 volume recorded over the same week last February. 
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Sydney overtakes Melbourne on clearance rates, not withstanding fresh bathing box record

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The weekend Hobart auction at Battery Point saw a $680,000 sale.
Located in the much sort after Arthur Circus precinct, the piece of Tasmanian maritime history was a quaint 1850s whalers’ cottage on offer through Brian Watchorn at Charlotte Peterswald Real Estate.
The local paper reported Geoff and Marian Brookes of Brisbane purchased the Georgian-style home on Runnymede Street. He is a Weipa mining project manager. They are now on the lookout for a Tasmanian vineyard to buy.
The auctioneer Brian Watchorn took a $600,000 opening bid for the two-bedroom, one-bathroom home with 84 sqm space.
The Runnymede Street property had last traded at $460,000 in 2008 and put up for rent at $340 a week.
It was one of eight auctions, according to CoreLogic RP Data.
The first week of February had national auction market activity continuing to bounce back from the festive period slowdown, with almost twice the number of auctions held this week compared with last week.
CoreLogic RP Data was tracking 854 auctions this week, compared with 987 auctions over the same week one year ago.
 
<a href="/images/2016/02/08/Screen%20Shot%202016-02-08%20at%208.42.21%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/02/08/Screen%20Shot%202016-02-08%20at%208.42.21%20AM.png" alt="">
The lower number of auctions was mostly due to a low auction numbers in Sydney where there were only 255 auctions held over the week compared with 421 at the same time last year. Sydney notched up a 70 percent plus success rate.
The lower number of homes put up for auction highlights that vendors haven’t been as willing to put their homes into the auction market as they were a year ago.
Auction numbers were actually higher than a year ago across Melbourne, Brisbane, Adelaide and Perth. Despite the lower number of auctions compared with last year, the preliminary auction clearance rate, based on the 621 auction results reported so far, was recorded at 71 per cent across the combined capital cities.
This week’s clearance rate was higher than at the same time last year (67.3%) however the clearance rate in Sydney continued to track lower than at the same time last year.
This week, 262 Melbourne auctions were held and so far 206 results have been reported.
The preliminary auction clearance rate of 80.1 per cent is higher than last week, when across just 151 auctions, 69.9 per cent were successful. One year ago, Melbourne’s auction clearance rate was 60.7 per cent across 255 auctions. Across Melbourne, the busiest region for auctions this week was the Outer East, where 40 homes went under the hammer. Of the 30 reported results so far, 83.3 per cent have been successful. Melbourne’s Inner East recorded the strongest preliminary clearance rate at 93.8 per cent, however there were only 19 auctions held within the region and 16 results reported so far. 
The Sydney auction market was substantially weaker over the final months of last year when compared to earlier in 2015. Clearance rates fell from the high 80 per cent mark to the mid-50 per cent mark towards the end of the year. Given this, it is likely that a lack of vendor confidence is currently being reflected with only 265 auctions held this week, compared to 421 at the same time last year. Although auction volumes across the city were low, this week Sydney’s preliminary clearance rate was 70.2 per cent, a strong result compared to 44.9 per cent last week (across just 61 auctions), but not reflective of the 80.6 per cent last year. The best performing Sydney sub-regions this week were Inner South West (85.7 per cent across 21 results) and North Sydney and Hornsby, with a clearance rate of 80 per cent across 35 results. In Brisbane the preliminary clearance rate was 55.8 per cent this week across 77 auction results.
There were 111 auctions held in Brisbane this week, compared to 60 last week, with a clearance rate of 52.7 per cent and 109 last year when 47.6 per cent of auctions were successful. Further south, across the Gold Coast there were 33 auctions reported this week with 13 sales.
Adelaide’s preliminary clearance rate was 79.4 per cent this week, higher than last week at 61.1 per cent and also higher than one year ago (58.2 per cent). There were 104 Adelaide auctions this week, 97 last week and 94 held over the comparable week last year.
In the westernmost city, Perth’s preliminary clearance rate was 35 per cent this week and there were 37 auctions held. Last week, 29 Perth auctions were held and 44.9 per cent were successful, while one year ago 31 Perth auctions were held with a clearance rate of 40 per cent.
Across Canberra 67 auctions were held this week, compared to 27 last week and 69 one year ago. Based on preliminary results this week’s clearance rate is 72.9 per cent, higher relative to last year (67.9 per cent).
CoreLogic RP Data has recorded just 2 auction results across Tasmania this week with one sale.
 
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Battery Point, Hobart whalers' cottage fetches $680,000

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Melbourne's master planned community Woodlea has this week been named the Fastest Selling Community across Australia for the December 2015 quarter, according to the most recent data from the Charter Keck Cramer National Land Survey Program.
Woodlea averaged 81 sales per month in the December quarter. 
Robert Papaleo, national executive director of Charter Keck Cramer, said there had been an average of 549 sales per calendar month across Melbourne’s west for the December 2015 quarter.
 “Sales activity has consistently increased across the Western Region since 2012, however average lot prices have remained relatively stable at between $180,000 to $190,000," he said.
“Demand has escalated significantly in line with the increase in supply from a number of new estates across the region that have offered a greater mix of lot types and prices."
Woodlea is a joint venture  between Mirvac and Victoria Investment and Properties (VIP), launched in March 2015. 
On completion, Woodlea will span 711 hectares and will be delivered over the next 12-15 years and will feature a public square, supermarket and retail stores, bus interchange, professional services and office space.
For more information, <a href="https://www.woodlea.com.au" target="_blank">click here</a>.
 
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jonathanchancellor-7SQnKwU6yx

Woodlea named the fastest selling residential community across Australia

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Australian Property Monitors recently released its list of the best 625 suburbs across Australia with the suggestion investors should exercise caution in the coming year.
There are just 15 suburbs out of the 625 predicted to have double digit growth, headlined perhaps by the surprise inclusion of New South Wales' popular beachside town, Byron Bay.
Balwyn, Box Hill North and Toorak are the only three suburbs that offer double digit growth for units as well as for houses.
Released ahead of the recent Chinese stockmarket turmoil, APM's housing market expert, Dr Andrew Wilson cautioned the great Sydney boom had clearly ended.
"The peak of the cycle for both Sydney and Melbourne was June," he advised.
More recently he noted “it will be a flat year for Sydney property prices this year.”
“I’ve been predicting up to a 4% property price growth rate in Sydney, and about the same nationally.
"Economic circumstances are now set to deteriorate and it will be a year of circumspection."
Wilson is one of a growing number of experts cautioning investors against expecting bonanza-sized capital returns from property in 2016 as things cool down.
The APM forecast in the AFR Smart Investor magazine even suggested it was why they created the list.
<img src="/images/2016/01/27/1447965660172.jpg" alt="">
"If the experts are right and heat does come out of the market, minor differences in asset quality will start to produce very different results.
"The choice between one postcode and the one adjacent could lead to years of regret," the article said, adding their list of the most investable suburbs would be an important weapon for any reader seeking to add to their property portfolio.
The data ranks suburbs according to the price growth over the year to August 31, puts that in context of a three-year growth rate, adds a median price and average yields and then includes APM's exclusive 12-month forecast.
These predictions take into account growth characteristics at a national level, a capital city or regional level and then at a suburban level. 
They include macroeconomic inputs such as monetary policy and confidence levels, while also taking into account more granular considerations that vary from suburb to suburb.
There isn't a single suburb in Queensland, South Australia, Australian Capital Territory, West Australian or Northern Territory that envisaged to fetch 10 per cent or more.
Victoria dominates the list of suburbs which have a 10 per cent or higher 12 month forecast, with only one suburb coming from all six other states.
 
Balwyn - 12%
Box Hill - 12%
Box Hill North - 12%
Byron Bay - 12%
Doncaster East - 12%
Glen Waverley - 12%
Mount Waverley - 12%
Templestowe - 12%
Templestowe Lower - 12%
Balwyn North - 10%
Bentleigh - 10%
Carnegie - 10% 
Fitzroy North - 10%
Glen Huntly - 10%
Toorak  - 10%
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2016's top 15 forecast investor growth localities: APM

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More than $33 million in Gold Coast property changed hands when 45 of 105 properties on the order of sale at Ray White Surfers Paradise Group’s The Event sold under the hammer yesterday.
An additional 18 sold prior taking the clearance rate to 60 per cent for the 22nd annual gala auction. 
The RWSP Group chief Andrew Bell credited much of the sales success "to the value disparity that continues to exist between the Gold Coast and southern capital markets."
While the clearance rate was lower than last year, the day’s initial results were an increase in both value and volume of sales on 2015 when 58 of 99 properties sold under the hammer or prior to auction for a $20 million total. 
Southern investors led the charge at Australia’s largest annual property auction with Andrew Bell predicting an 80 per cent clearance rate by mid-week.
The auction kicked off at 11am Sunday with the final hammer coming after 5pm, with sales reflecting a $700,000 average price.
The agency put the attendee numbers at over 2000, including the Ray White chief Brian White.
There were more than 300 registered bidders, reflecting an average of about three bidders per property with the most popular attracting up to eight bidders.  
The most popular offerings were sub-$500,000.
And the day’s highest priced residential sale was $1.2 million for an 875 sqm site zoned for redevelopment at <a href="https://www.raywhite.com/qld/biggera-waters/1407709/" target="_blank">544 Marine Parade, Biggera Waters</a>.
The passion was there among the 260 plus registered buyers for a bargain, highlighted by outrageously low, quick opening bids, but as the bidding got to the reserve price the depth of buyer interest was tested on most of the offerings. Even when sales were at below last sale price. 
A three-level hilltop home at <a href="https://www.realestate.com.au/property-house-qld-currumbin-121578818" target="_blank">38 Albany Avenue, Currumbin</a> fetched $1.1 million, the top priced house of the day which was listed through RW Surfers Paradise agent Jackson Paradise. But the Currumbin was $410,000 less than the $1.51 million it fetched in late 2007 when the market was at its peak. The $1.1 million was the same price as paid in 2005 for the 1986 built home.
An elevated home at <a href="https://www.raywhite.com/qld/sanctuary-cove/1045575/?lang=en" target="_blank">4709 The Parkway, Sanctuary Cove</a> sold prior to auction for more than $2 million.
The <a href="https://www.raywhite.com/qld/broadbeach/1005110/?lang=en" target="_blank">Broadbeach in the Park penthouse</a> at Broadbeach attracted the day's highest offer when passed in at $4 million. 
The unfinished hinterland home at <a href="https://www.raywhite.com/qld/tallai/1407870/?lang=en" target="_blank">473 The Panorama, Tallai</a> (pictured above) attracted seven registered bidders with four appearing to make offers.
It was passed in at $2.8 million.
The elevated three hectare property came with panoramic landscape view over the whole of the Gold Coast. The land holding was bought for $1,388,880 million in boomtime 2007. 
It failed to sell at its January 2012 auction.
 
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