A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

Super Saturday

<html><body>
Adelaide was the best performing weekend auction capital with its affordable prices ranging between $330,000 and $1.45 million.
It scored a 75 per cent clearance rate from its 107 auctions.
Perth returned the lowest preliminary auction clearance rate of 52 per cent.
Auction volumes surge well past 3,000 for the first time this year returning a strong national preliminary auction clearance rate of 70 per cent.
There are two more so-called Super Saturdays squeezed in before the Easter break.
Click here <a href="https://www.propertyobserver.com.au/images/2018/2/26/capitals.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/capitals.jpg" alt="">
Upcoming Melbourne sellers include AFL champion Bryce Gibbs.
His former Ascot Vale home (above) before moving interstate to join the Crows has been listed for March 17 auction. 
The former Carlton player bought the two-storey, three-bedroom townhouse at <a id="LPlnk679169" href="https://www.realestate.com.au/property-townhouse-vic-ascot+vale-127607706" target="_blank">67c St Leonards Rd </a>in 2008.
The cheapest weekend result across the capital cities was when a student studio apartment sold pre-auction in Footscray at $120,000.
The sale of <a id="LPlnk308525" href="https://www.realestate.com.au/sold/property-studio-vic-footscray-127480502" target="_blank" rel="noopener noreferrer">224/133 Droop Street offering</a> was a $220 a week rental.
It was listed with a $105,000 to $110,000 price guidance.
The low rise apartment with around 40 sqm had previously traded at $122,000 in 2015. It sold at $127,000 in 2013. 
Across the combined capital cities there was a a total of 3,275 homes taken to auction, up from the prior week's 1,992 auctions when some 66.1 per cent were sold.
It remains down on the same week one year ago when agents secured a 78.4 per cent success rate across a slightly higher volume of 3,301 auctions. 
"Units outperformed the house market, with 72.9 per cent of units selling at auction, while 69.5 per cent of houses sold across the combined capitals," Kevin Brogan, auction analyst at CoreLogic said. 
The highest national sale was in Melbourne when <a id="LPlnk703549" href="https://www.realestate.com.au/sold/property-house-vic-middle+park-127461722" target="_blank" rel="noopener noreferrer">33 Canterbury Road, Middle Park</a> (below) fetched $5.75 million shortly after its auction which had a $5.45 million top bid.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/middle.jpg" alt="">
It was Eumeralla, a five bedroom Victorian terrace home on a 50 metre deep allotment. It had soaring ornate ceilings, marble fireplaces, arched entrance hall, gracious sitting room and main bedroom with full width balcony.
Marshall White secured the sale of the home which last sold at $2.5 million in 2006.
There were two bidders.
The highest Sydney sale under the hammer was the five bedroom <a id="LPlnk905843" href="https://www.realestate.com.au/property-house-nsw-strathfield-127449738" target="_blank" rel="noopener noreferrer">29 Cotswold Road Strathfield</a> which sold for $4,810,000.
It last sold in 2003 at $2 million.
There was a pre-auction sale of <a id="LPlnk767615" href="https://www.realestate.com.au/sold/property-house-nsw-bronte-127339282" target="_blank" rel="noopener noreferrer">4 Bayview Street, Bronte</a> for $7.5 million (below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/26/bronte.jpg" alt="">
Melbourne and Sydney both secured auction clearance rates of 71.7 per cent.
Melbourne's was up on the 69.8 per cent final result from the prior weekend.
Its volume jumped to 1,610 auctions held, up from 932 auctions.
In Sydney, 1,221 homes were taken to auction, up from the 737 offered over the prior week. 
Its preliminary result of 71.7 percent, was up on last week’s final clearance rate of 67.8 per cent.
Brisbane had a 53.3 percent clearance rate from 164 auctions listed. Its top sale was $5 million at Chelmer. <a id="LPlnk17197" href="https://www.realestate.com.au/property-house-qld-chelmer-127332058" target="_blank" rel="noopener noreferrer">The 127 Laurel Avenue sale</a> was a five bedroom Knowlman McDonald-built home on a 3122 sqm river frontage sold through Adcock Prestige. 
Adelaide's dearest was a tight finish between <a id="LPlnk946036" href="https://www.realestate.com.au/property-house-sa-henley+beach-127482362" target="_blank" rel="noopener noreferrer">a four bedroom $1.42 million Henley Beach offering</a> and <a id="LPlnk429905" href="https://www.realestate.com.au/property-house-sa-glenelg+east-127505126" target="_blank" rel="noopener noreferrer">a five bedroom $1.42 million Glenelg East house</a>. 
Adelaide's cheapest was <a id="LPlnk416596" href="https://www.realestate.com.au/property-house-sa-semaphore+park-127547786" target="_blank" rel="noopener noreferrer">a $330,000 Semaphore Park two bedroom apartment</a> that looked over Point Malcolm Reserve to the sea.
The 12/403 Esplanade offering was a two storey 80 sqm late 1960s apartment with a rental estimate of $320 to $340 per week.
 
</body></html>

jchancellor-FAypfDUnLy

National clearance rates heads above 70 percent on summer's last hurrah

<html><body>
Camberwell is the busiest individual suburb for auctions across the nation this week, with 27 residential homes set to go under the hammer, followed by Reservoir (25), South Yarra (23) and Craigieburn (22) all of which are in Victoria. 
Camberwell's offerings include <a href="https://www.realestate.com.au/property-house-vic-camberwell-126531382" target="_blank">a two bedroom Californian bungalow</a> on a 697 sq m Athelstan Road block with $2 million to $2.2 million hopes.
The combined capital cities are expected to see a surge in auction activity this week, with 3,451 homes scheduled to go under the hammer; this is an increase of 37 per cent when compared to last week’s final results which saw 2,519 properties taken to auction, CoreLogic advise. 
The last time volumes reached a similar level was the pre-Easter week ending the 9 April this year when final figures saw 3,517 auctions held across the capitals. 
While these counts are preliminary, as the week progresses and results are collected, the number of homes taken to auction tends to revise up, which means that it’s likely this week will not only supersede April figures, but also surpass the peak in volumes recorded over the week ending 20 March 2016 (3,540).
Melbourne is set to see the most notable increase in activity this week, with volumes expected to rise by 48 per cent on last week’s figures; with 1,846 Melbourne homes scheduled to go to auction, increasing from the 1,251 held last week. The highest volume of auctions on record for Melbourne was recorded over the week ending 29 Nov 15 (1,876), so this week may very well overtake that record.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Auctions.jpg" alt="" style="font-size: 12.16px;">
The REIv also think the Victorian property market is gearing up for what could be the biggest auction weekend in the state’s history with the REIV counting around 1,900 homes expected to go under the hammer this weekend. 
They had the previous record for auctions held in a single weekend was set in November 2015 when 1,712 auctions were held. 
The REIV suggest a remarkable 1,826 auctions are scheduled for this Saturday alone with around 75 auctions being held on Sunday, including the five Block properties.
Across Australia’s other largest capital city, Sydney volumes are set to increase to a lesser extent with 1,144 properties scheduled to go to auction this week, rising by 39 per cent from last week’s 823 auctions, making it the third busiest week for auctions for the city so far this year.
Across the remaining auction markets, activity is expected to fall across all of the smaller capital cities with the exception of Canberra where more auctions are scheduled this week.
Last week, the final auction clearance rate across the combined capital cities fell to 64.7 per cent across 2,519 auctions, decreasing from the 67.1 per cent across a slightly higher 2,525 auctions the week prior. Compared to one year ago, the clearance rate was a significantly higher 78.1 per cent, while volumes were slightly higher (2,680).
Across Melbourne, auction volumes rose with 1,251 held, however final figures saw the clearance rate drop to 70.3 per cent, down from the week prior when 73.2 per cent of the 1,223 auctions cleared. In Sydney, the final auction clearance rate fell to 61.3 per cent last week, from 63.3 per cent the previous week across a lower volume of auctions, with 823 auctions held across the city, decreasing from 928 the week prior.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/26/Auctionresults.jpg" alt="">
Across the smaller auction markets, clearance rates improved in Brisbane and Tasmania, while Adelaide, Canberra and Perth all recorded lower clearance rates. 
Geelong was the best performing non-capital city region last week, with 68.8 per cent of the 44 auctions successful. However, the Hunter region was host to the highest number of auctions (49).
</body></html>

j.ballantyne1990-6AQqhLzZaK

Camberwell headlines near-record Super Saturday Melbourne auction offerings

<html><body>
GUEST OBSERVER
Super Saturday is coming early for Cooley Auctions with 100 homes set to go under the hammer on February 25 - a personal best for the successful team.
Looking back at the same weekend over the past five years, February has never looked hotter for Cooley Auctions. Only 2014 came close with 97 auctions in one day, but this year will smash that record.
I wouldn’t be surprised if Sydney cracks 1,000 auctions. It's definitely going to be a very big day. 
There are already 926 auctions scheduled for February 25 according to APM price finder figures, but that number could be higher on the day.
With so many homes on the auction block on one day, the Cooley Auctions team will be far busier than the same weekend last year when there were 66 auctions scheduled. In 2015 there were 83 auctions on the corresponding Saturday.
All eyes turn to February as the month when consumers and industry insiders can truly gauge how the year's auction season will shape up.
It's extremely important that the day passes the acid test. If the market goes well on a big Saturday with big volumes then the indication will be that the market is in a really good position to continue through the Easter period and most likely well into the first half of 2017.
If the autumn season starts with a bang then it almost always guarantees that the winter market will be hot. However, timing is everything.
Super Saturday usually comes just before Easter, but Easter this year is in mid April which is actually really good news for agents.
Agents can capitalise on that time frame. When Easter is a little bit later it means that we get a couple more weeks of auctions in before the holiday weekend.
Despite 2017 barely being two months in, the Sydney auction scene is already showing signs of market sentiment.
Honestly, I think there is a bit of fear about. A lot of vendors are trying to come onto the market as early as they can because there's a lot of talk of a market correction. There is a fear of missing out on the peak of the market which is absolutely a contributing factor to the number of auctions on February 25.
With such a bumper February that will see 403 auctions in the bag, Cooley Auctions is gearing up for a busy 2017. The closest February auction numbers were back in 2015 when the firm clocked up 379 auctions for the shortest month of the year and subsequently went on to perform more than 6,000 auctions over the 12-month period.
Damien Cooley, managing director of Cooley Auctions and can be contacted <a href="https://cooleyauctions.com.au/" target="_blank">here</a>.
</body></html>

Super Saturday in February: Damien Cooley

<html><body>
Some 1400 Melbourne homes are expected to go to auction this coming weekend, 26 November, in what will be the biggest test of the spring selling selling season, according to Domain Group's chief economist Andrew Wilson.
He said the weekend will see the Sydney market host its peak spring Super Saturday of auctions with more than 950 homes due to go under the hammer.
"Auction numbers have been significantly lower in Sydney this year compared to last, however, the gap has been narrowing in recent weekends providing more choice for hungry buyers," he said.
"The Sydney market will host its peak spring Super Saturday of auctions with more than 950 homes due to go under the hammer.
"Late spring auction numbers have increased sharply since the Melbourne Cup holiday weekend, with the usual rush to market by sellers who want to get in before the year ends. 
"Higher listings have contributed to a slight easing in clearance rates in recent weeks, but results remain firmly in favour of sellers in what remains strong local market conditions."
</body></html>

jonathanchancellor-7SQnKwU6yx

Sydney Super Saturday peak, Melbourne's biggest spring market test

<html><body>
The Melbourne and Sydney auction market in Sydney is strong leading into this weekend's spring Super Saturday sales given the current weekend results.
Domain's Andrew Wilson said the Sydney auction has maintained its boom-time seller momentum during spring, despite the usual surge in late season listing numbers.
"More than 760 homes were scheduled to go under the hammer on Saturday, which was similar to the previous weekend’s figures but again lower than the 863 listed over the same weekend last year," he said.
"Sydney recorded a weekend clearance rate of 79.5 percent, which was similar to the previous Saturday’s 80.4 percent and significantly higher than the 57.5 percent recorded over the same weekend last year.
"The inner suburban and higher-priced suburban regions again produced exceptional results at the weekend, with a number of clearance rates exceeding 90 percent.
"The top performer was the ever-reliable inner west with a 91 per cent result, followed by the northern beaches with 90.5 percent, the city and east with 90.2 percent and the highest sales at 74, the lower north with 84.4 percent, the north-west with 81.5 percent, the upper north shore with 79.4 percent, the south with 74.3 percent, Canterbury Bankstown with 73.9 percent, the west with 69.7 percent, the south-west with 63.3 percent and the central coast with 58.8 percent. 
"Melbourne’s 78.7 percent result was higher than the 77.6 percent recorded the previous weekend and significantly ahead of the 66.3 percent reported over the same weekend last year.
"Late spring auction numbers have increased sharply since the Melbourne Cup holiday weekend, with the usual rush to market by sellers who want to get in before the year ends. Higher listings have contributed to a slight easing in clearance rates in recent weeks, but results remain firmly in favour of sellers in what remains strong local market conditions.
"Next weekend will present the local market with its biggest test of the spring selling season, with nearly 1400 homes set to go under the hammer. 
"Melbourne’s western suburbs continue to record boom-time results, with a leading regional clearance rate of 86.2 percent and the highest sales at 119. The next highest was the inner south with 81.7 percent, closely followed by the outer east and the south-east each with 81.1 percent, then the north with 79.7 percent, the north-east with 76.5 percent, the inner east with 75 percent and the inner city with a clearance rate of 73.7 percent."
</body></html>

Super Saturday

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Super Saturday

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News