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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

WM Residences fills gap in Mordialloc townhouse market

Rural Sale

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NSW North Coast macadamia farms on the flood free red basalt plateaus have mostly been sold in the broad range of $40,000 to $80,000 per macadamia tree planted hectare, according to a recent report by Herron Todd White.
The valuation firm advised flood plain sugar cane farms have mostly sold in the broad range of $5,000 to $20,000 per sugar cane cultivated hectare.
"This flood plain land is attracting interest from macadamia farmers seeking to expand.
"This is a serious concern for the sugar mills as throughput is needed for viability."
<a href="https://www.century21.com.au/property/77108/">Century 21 Alstonville</a> (above) have a 72 acre macadamia property listing with 5,600 trees of mixed varieties ranging from 10 years to mature.
Agent Noel Outerbridge recently marketed a <a href="https://www.century21.com.au/property/360309/" target="_blank">220 acre Tuckurimba farm</a> currently growing soya beans and sugar cane as suitable for macadamia. 
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jchancellor-FAypfDUnLy

NSW north coast macadamia farms on expansionary push

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The Qatar Investment Authority is tipped to sell its rural holding Kaladbro in Victoria, east of Mt Gambier near the South Australian boarder.
It is understood that the property, owned by QIA’s subsidiary Hassad, will have expectations around $25 million.
The cattle property no longer fits with Hassad’s sheep breeding strategy.
Qatar-based company Hassad Food bought the 2630-hectare Kaladbro Estate at Strathdownie in 2010.
Hassad's property company has purchased 300,000 hectares of rural farmland across Australia since 2010.
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jonathanchancellor-7SQnKwU6yx

Kaladbro tipped to be sold by Qatar Investment Authority

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The 40 hectare Bowral estate, Carinya, home to horse breeders Luke and Sally Kean, who was a former dressage champion, has been sold to the Chiba family for $4.8 million.
The stables have since been expended significantly to create a base for their European Dressage Horses business, including a stable complex designed by architect Ken Latona.
An Olympic-size covered dressage arena, fencing, vet and quarantine facilities and separate accommodation have also been added.
The main residence has also been extended and now comes with a heated swimming pool and tennis court.
The couple have five children decided to scale down locally to something more manageable.
The listing came on at $5.5 million.
Luke Kean, general manager at YourShare Financial Services, and Sally Latona, a former state dressage champion, bought Carinya, in 2008 for $4.4 million from liquor store owners John and Penny Lawless.
The Keans were the buyers of Ripley, the six-bedroom French farmhouse at Burradoo.
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Carinya, the rural Bowral estate sells at $4.8 million

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One of the Upper Hunter’s landmark properties, Cullingral at Merriwa, has been listed with offers expected in a range from $3.5 million to $4 million.
The vendors, Brice and Bronwyn Stokes have it listed with MacCallum Inglis.
The 208 hectare holding on the Merriwa River dates back to a land grant in 1839 to Charles Blaxland, a grandson of the explorer/pastoralist Gregory Blaxland, of Blue Mountains crossing fame. 
It was Gregory Blaxland who built the origins of the present homestead in the same year, using local sandstone. 
The cattle enterprise also comes with a three-shed poultry facility for hatching and growing of quail, operated under a five-year lease arrangement (recently renewed) to Game Farms Australia, which generates annual lease income of $125,400. 
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Cullingral, Merriwa listed for sale

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Paraway Pastoral has purchased the Inverell property, Newstead which is where the Australian artist Tom Roberts painted, The Golden Fleece Shearing at Newstead while staying at the farm then owned by the Anderson family in 1894. 
Travelling around eastern Australia, Roberts first came to Inverell in the summer of 1893, staying for five months at Newstead, the property of his friend Duncan Anderson, and later returned to the area several times.
To view the work, <a href="https://www.artgallery.nsw.gov.au/collection/works/648/" target="_blank">click here</a>.
Involving himself in the lifestyle of the northern NSW sheep property and of the Inverell township, he produced 13 of his most acclaimed paintings there.
Roberts's final visit to Inverell was in 1900; three years later, he left for England where he spent the next 16 years.
He returned to Australia in 1923 and died in 1931.
It was in 1857, the manager of Newstead wrote to Mary Anderson, the property's absent owner, that a new shearing shed was nearing completion, "62 feet by 18 feet with skillions on either side, large enough to hold from seven to eight hundred sheep".
Shearing at Newstead - better known as The Golden Fleece, and destined to become one of Australia's great iconic pictures - was painted there by Tom Roberts. In 1895 The Sydney Morning Herald named it "the great picture of the year" and the Art Gallery of NSW bought it for 275 guineas. It was shown around the world. Critic R.A.M. Stevenson's commenting on Shearing at Newstead when he saw it in London in 1898 that it was "tight, hard and inartistic". 
Roberts was a leading founder of the Heidelberg School, the group of late 19th-century painters who set out to develop a distinctly Australian style, responding to colour and light, and who became renowned for their blue-gold landscapes.
First settled by Europeans in 1841, Newstead is one of the oldest homesteads in the state's north. For most of its years, it was home to two family dynasties, including the ancestors of the former deputy prime minister, John Anderson.
In 2001 it became a religious retreat for a controversial American order, the Bruderhof Communities, before being sold in 2005 to the Sundown Pastoral Company.
The Paraway company has also purchase another Inverell property from Sundown Pastoral Company, Paradise. 
The Land says Paraway will use the properties, which are described by local agents as “signature properties”, to boost its cattle finishing capacity.
Newstead totals 4,848 hectares and consists of improved pastures for beef production as well as growing crops. Neighbouring property Paradise totals 6,500 ha.
Sundown was founded by Neil Statham in 1964 and is still owned and operated by the Statham family with Neil’s son David at the helm. 
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Tom Roberts' The Golden Fleece shearing farm, Newstead sold

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<div class="cq-article-content-paras section">
Calmyle, a 966-hectare cropping property in Queensland's Darling Downs has been sold for $5.6 million to One Tree Agriculture, the subsidiary of the US agribusiness and food giant Cargill.
It is their second farming acquisition in Southern Queensland.
It previously bought Kinbeachie, a 6000-hectare Goondiwindi property in April.
Cargill Australia's investments include Billabong Station in the NSW Eurongilly Valley, a sugar cane farm, Marwood, near Mackay in north Queensland and the $20 million Vaucluse, a 2654-hectare cropping and grazing property near Launceston.
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Cargill buys more on Queensland's Darling Downs

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A Chinese company has purchased a historic cattle station featured in the Baz Lurhmann film, Australia, in a deal worth about $60 million.
Spanning 476,000 hectares across the Western Australian Ord River District, the deal was almost two years in the making.
Shanghai Zhongfu-owned Kimberley Agricultural Investments is the new owner of Carlton Hill and Ivanhoe, which operate as one station on the doorstep of Kununurra.
The properties, settled by the pioneering Durack family in 1893, are split by a 35km stretch of the Ord River.
Consolidated Pastoral Company will lease back the properties, which cover 662,900ha, and continue to use them to run about 50,000 cattle.
KAI gains 15,000ha of freehold land which it plans to develop for irrigated cropping after the sale was ticked off by Foreign Investment Review Board before the Federal election and approved by the State Government this week.
KAI general manager Jim Engelke said about half of the 15,000ha parcel of freehold land was suitable for farming.
Consolidated Pastoral Company is owned by the Britain-based investment firm Terra Firma.
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Chinese buy Ord River cattle station from the Brits

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Kingston Estate Wines has snapped up the New Residence vineyard in South Australia's famous Riverland region.
They've acquired the 252 hectare commercial vineyard for an undisclosed amount through Colliers International’s Tim Altschwager and Nick Dean on behalf of Seven Fields.
Located just outside Loxton, the vineyard is planted with around 36.4 percent red varieties and 63.6 percent planted to white.
It was developed in 2001 and planted to 233 hectares with the balance of the land comprising headlands, formed internal roads and shed curtilage.
Tim said they received significant interest from both domestic and international investors and existing wine industry participants.
New Residence vineyard was one of three large commercial vineyard investment properties managed by Seven Fields that were put to market through Colliers International. 
“The portfolio also included the Conundrum vineyard in the Riverland region and the Howcroft Estate vineyards in the Bordertown wine region,” Tim said.
“The Conundrum vineyard is currently under contract and the Howcroft vineyard was sold to Casella Wines in December 2015."
Nick said the Riverland region was Australia’s largest producer of wine grapes, responsible for approximately 30% of the national grape crush annually.  
“The economic benefit to the Riverland is substantial and in turn sustains the development of the region."
“The Riverland is developing as an entrenched tourist destination, combining proximity to Adelaide with obvious physical charms of the Murray River and its wine and food culture.”
 
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j.ballantyne1990-6AQqhLzZaK

Kingston Estate Wines expands vineyard holdings

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There was much interest when much of the main street of an outback rural Queensland town went to auction without a reserve price, grossing $156,000 on Saturday.
The deceased estate in the south-central Queensland town of Yelarbon saw about <a href="https://www.propertyobserver.com.au/https://www.truecountryrealty.com.au/61568090" target="_blank">three quarters of the town sold</a>.
The three auction offerings included shops on the town’s main street.
"Out of the five shops currently Australia Post is the only remaining tenant and are happy to stay on as long as the new owner would like," True Country Realty selling agent, Mr Jodi Bynon said.
He said there had never had so much attention on Yelarbon which is more than 300 kilometres south-west of Brisbane on the New South Wales border.
It has a population of around 450 woke up to crowds of up to 200 people who had flocked to the south-central Queensland town in hopes of scoring a bargain.
The three auctions attracted 60 registered bidders and sold to three different buyers.
The first auction of five shops sold for $60,000; the two freestanding shops sold for $26,000; and the house sold for $70,000.
“The number of people who came to the town was about half of the population here,” he said.
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Yelarbon township offering attracts strong auction attendance

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The property developer/hotelier Sam Arnaout has bought the prized Sweetwater, Hunter Valley vineyard estate.
His Mediterranean-style weekender had been listed at around $12 million by Duncan and Lyn Hardie through Alan Jurd, of Jurd’s Real Estate.
The 48 hectare Pokolbin property came with initial hopes of $30 million, but it was halved earlier this year to $15 million, and then reduced again to $12 million after April auction.
Arnaout, who heads up Iris Capital which entered the hotel industry in 1995, has a whole-floor penthouse in the Bennelong apartment complex which was bought from Margaret Maloney, the widow of the hotelier Cyril Maloney.
Sweetwater was more than a decade under construction.
Sweetwater, a world class winery located in the rolling hills of the Hunter Valley, was marketed as the most significant country vineyard estate in Australia.
Producing Cabernet Sauvignon and Shiraz on 16 hectares, there is also a cellar door and an olive grove.
The vineyard is one of the state’s oldest, having been first planted in 1829 by the pastoralist Richard Jones.
Winemaker Brian McGuigan advised on the layout of its more recent vines. 
The district’s highest previous vineyard sale was the $9.2 million paid in 2006 for the Rothbury Estate by vintner Michael Hope.
Loggerheads, the trophy Pokolbin vineyard estate last sold in 2008, remains listed with wonderful provenance being the former home of the late Len Evans and before that the Tyrrell family.
Robin and Judy Crawford secured the village-like residential homestead with three adjoining pavilions from Len Evan's widow, Trish Evans.. 
The seven bedroom, six bathroom homestead is Australian country-style in design, with European influences, extensively refurbished by the architect Michael Suttor.
It is now surrounded by Paul Bangay garden, with orchard and vegetable garden.
The 87 hectare is listed through Alan Jurd from Jurd's Real Estate who secured its 2008 sale.
Evans planted Shiraz and Gammay in the vineyard.
This article was first published in the Sunday Telegraph.
</div>
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