<a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a> is one of Melbourne's longest standing architecture firms.

Founded in Melbourne in 1853 by Joseph Reed, the firm began as Reed &amp; Barnes and has evolved through various partnerships before adopting the Bates Smart name in the 20th century. With a continuous presence spanning more than 170 years, the practice has played a pivotal role in shaping Melbourne’s architectural identity.

In the 19th century, Bates Smart designed several of Melbourne’s enduring landmarks, including the Royal Exhibition Building (1880), a UNESCO World Heritage site, and the Melbourne Town Hall. The firm’s influence continued into the 20th century with notable works such as Ici House (1958), considered Melbourne’s first modern skyscraper and a milestone in post-war Australian architecture.

One of their landmark designs was&nbsp;The First Church of Christ, Scientist, at 336-340 St Kilda Road. The building, which is listed on the Victorian Heritage Register, was designed by Bates, Peeble and Smart with construction completed in 1922. Architecturally, the building is significant as a rare example of early twentieth century classicism applied to a religious building. Historically, the building is significant as the first church of the Christian Science movement.

Melbourne developer Time &amp; Place decided to bring Bates Smart back to the area to design their next residential apartment project, Park Modern.

[smartcode_project:default project_id=138453 project_image_fid=2138]

<a href="https://www.urban.com.au/new-apartments/park-modern-south-melbourne-1-middleton-lane-south-melbourne-vic-3205">Park Modern</a>, on one of the largest island sites on the Melbourne CBD fringe, bordered by Dorcas Street, Wells Street, and Middleton Lane, will comprise two sculptural towers. It is being positioned as a design-forward response to evolving owner-occupier preferences in the Domain precinct.

Tim Price, Director at <a href="https://www.apartments.com.au/developers/time-place">Time &amp; Place</a>, says&nbsp;Bates Smart have got a footprint on this city, probably like no other architect.

"It’s a really nice kind of next chapter story, that they created from a design perspective so long ago," Price told Apartments.com.au.

Park Modern will be the third time Time &amp; Place has worked with Bates Smart, having successfully designed and delivered Collins House and Opera on St Kilda Road together.

The brief focused on creating a built form that would feel contextually appropriate while offering a contemporary evolution of inner-city apartment living.

[smartcode_project:default project_id=138453 project_image_fid=2137]

The focus for Park Modern is squarely on owner-occupiers.

“It’s not always about downsizing," Price says.

"Sometimes it’s just about creating a space which is easily maintained, lock up and leave, reflecting people’s aspirations, whether they’re entertainers, big dining room spaces, big open terraces, they’re important parts of any design consideration.”

The building includes a mix of one, two and three-bedroom apartments, as well as penthouses, with layouts and floor plans designed to suit a broad demographic. The architecture has been shaped to capture&nbsp;view corridors to the Botanic Gardens, Port Phillip Bay and the CBD skyline.

Each apartment has been oriented to maximise natural light and provide a clear outlook, elements often cited by owner-occupiers as key criteria.

[smartcode_project:default project_id=138453 project_image_fid=351806]

Rather than defaulting to a generic luxury offering, the amenity strategy at Park Modern reflects specific insights into how residents want to live. The ground floor will include co-working areas, wellness facilities, and a concierge-led lobby that blends indoor and outdoor design cues.

“Wellness has become a more thoughtful consideration, not just gyms or lap pools, but things like magnesium plunge pools, saunas, daybeds, and studio spaces for Pilates and the regular cardio workout,” says Price.

One notable inclusion is a substantial porte-cochère, a covered vehicle drop-off zone integrated into the site plan. It’s a feature rarely seen in inner-urban developments and speaks to the team’s emphasis on ease of arrival and departure for residents and guests.

A display suite for Park Modern is now open by appointment, giving prospective buyers an early look at the project.

[smartcode_project_cta:default project_id=138453]

Joel Robinson

100 years on, Bates Smart returns to South Melbourne's Domain Precinct to design Park Modern

One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

[smartcode_project:default project_id=114216 project_image_fid=353085]

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

Sydney Auctions

A newly constructed Bentleigh townhouse topped Melbourne's weekend apartment auction results when selling at $2,253,000.

The four bedroom townhouse (pictured) had come with a $1,690,000 - $1,850,000 price guide.

Jellis Craig marketed the offering as also having two studies and 3.5 bathrooms, with double garaging.

It featured solid Tasmanian Oak floors, high ceilings and marble-look tiles.

The 780 sqm Buckingham Avenue site had been secured in 2018 at a $1.8 million cost with Cordell Connecting advising late 2019 Glen Eira council approvals for the duplex costing $760,000.

A Richmond townhouse was the next priciest sale, snapped up before its scheduled weekend auction at $2 million.

The 2/76 Regent Street offering had been listed with $1,450,000 to $1,550,000 price guidance.

RT Edgar marketed it as having three bedrooms, two bathrooms and a powder room, spread over two levels with lift .

There was with secure rear remote garaging for two vehicles via Little Hoddle Street in the complex designed by Mark Richards Architects.

In Melbourne, 1,035 auctions were held across the city returning a preliminary auction clearance rate of 77 percent, according to CoreLogic.

Apartment and townhouses secured just a 62 percent success rate.

Sydney recorded a preliminary auction clearance rate of 82 percent as post Easter volumes rose, with apartments and townhouses securing a 78 percent clearance rate.&nbsp;

There were 814 auctions held across Sydney, up on the Easter week’s 404 auctions.

The dearest advised apartment sale across Sydney was $2.45 million in Manly, with ocean views. The Bonner Avenue two bedroom apartment last sold at $360,000 in 1991.

There was also a Darling Point apartment on the market for the first time in more than 60 years that sold for $1.7 million which saw the proceeds directed to support nurses in Sydney’s eastern suburbs.

Adelaide, Brisbane and Canberra all recorded preliminary auction clearance rates above 80 percent, with Canberra at 90 percent.

Canberra saw 70 percent of its apartment find buyers.

<h2>Popular Melbourne &amp; Sydney projects:</h2>

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[smartcode_project:default project_id=7758]

[smartcode_project:default project_id=89720]

[smartcode_project:default project_id=24323]

The 26A Buckingham Avenue Bentleigh townhouse sold for $2.253 million

jchancellor

New townhouses top weekend apartment auction results

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Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse. 

The Moruben Road penthouse sold last in 2004 at $2.05 million having first traded in 2002 on completion at $1.85 million. 

Mosman's median apartment prices sits as $1,002,500, with realestate.com.au calculating units typically rent for $550 per week with a rental yield of 2.9 percent. 

Based on five years of sales, Mosman has seen a compound growth rate of 2.9 percent for units.

Selling agent Jonathon De Brennan marketed the three bedroom, two bathroom apartments as the “jewel in a prestigious boutique complex” of six apartments. 

[smartcode_project:default project_id=7758]

It came with two car spaces.

It came with Middle Harbour views from its Balmoral Slopes location. 

The tightly held block’s last sale was $2.7 million in 2016. 

The neighbouring penthouse last traded at $1,805,000 in 2003.

Sydney saw a 96 percent success rate at weekend auctions, according to Realestate.com.au. 
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Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse. 

Mosman apartment sells at $5.01 million

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There are 1,136 capital city homes scheduled to go under the hammer this week, an expected increase in volumes of 24% on last week.
This is because Sydney is set to have the busiest week for auctions since early April.
The past few weeks has seen Melbourne record the lowest levels of auction activity over a non-seasonal period since CoreLogic commenced auction reporting.
While volumes this week are to remain at these same subdued levels, scheduled volumes are higher over the week with 62 Melbourne homes set to go to auction, up from a mere 11 auctions last week.
Meanwhile across Sydney, the city is set to host the busiest week for auctions since April with 843 homes scheduled for auction, rising on the 677 held last week.
Across the smaller auction markets, Brisbane is expected to hold the most auctions this week (86), followed by Adelaide (71) and Canberra (63).
Meanwhile Perth has 11 auctions scheduled this week and there are currently no auctions scheduled in Tasmania.
<img src="https://www.urban.com.au/images/2019/12/11/CL%20SEPT%2020.JPG" alt="">
The Sydney auction market has proven unstoppable over the past several months, according to Ray White.
Ray White Balmain Agents Chris Williams and Benjamin Martin said First home buyers and downsizers will be lining up at 30 Arthur St, Balmain (pictured above) for an early morning auction. The two-bedroom home has attracted more than 100 groups at inspections.
“This is the first time this house has been offered in 70 years. The late owner bought it from her sister who originally bought it from their mother,” Mr Williams said.
The Balmain home has a buyer’s guide of $1,200,000.
<img src="https://f.datasrvr.com/f1/320/47884/Drummoyne.JPG" width="640" data-imagetype="External">
Across the bridge, Ray White Drummoyne Agent Fiona Hellams has been inundated with buyer interest for 118 Gipps St (pictured above) that has a price guide of $1,700,000. Ms Hellams is expecting a great result come Saturday, after more than 70 groups attended open homes for the three-bedroom house.
“I’m finding that buyers have mainly been from out of the area, looking to get their foot in the door because they see value in Drummoyne,” Ms Hellams said.
The auction will be conducted onsite and online.
In Sydney’s south, Ray White Georges River | St George | Oatley Principal Matt O’Shea is looking forward to the sale of 5/8 Lousia St, Oatley.
Mr O’Shea said the three bedroom home has received plenty of interest and more than 70 individual inspections.
“Because it’s a good-sized villa we’re getting a combination of buyers ranging from downsizers to the other end of the spectrum with young professional couples and small families looking to move into something bigger,” Mr O’Shea said.
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j.ballantyne1990-6AQqhLzZaK

Sydney's busiest auction weekend in five months

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On-site Sydney auctions can host more than 20 people provided the agent complies with a COVID-19 Safety Plan, in a turnaround by the NSW Department of Fair Trading.
Domain reported a NSW Fair Trading spokesperson advised late Friday afternoon that Saturday auctions could go ahead as usual.
“The order is currently being amended to address an anomaly relating to the number of persons allowed on a residential property,” they said.
“In the meantime, an exemption has been made to ensure that inspections and auctions on residential premises can continue.”
The Real Estate Institute president NSW Leanne Pilkington said the peak body had tried to clarify with the NSW Health Department and NSW Fair Trading all last week. 
“We were trying to get an answer literally all week. We were in touch with Fair Trading every day,” she said.
The limit was raised after NSW Fair Trading inspectors discovered auction crowds larger than 20 across Sydney during August.
Ms Pilkington said while she understood the pressure and ever-changing landscape for the government during the pandemic, better communication was integral.
“It’s really frustrating for the news to be shared at 5pm on a Friday. To get the message out to people is really hard. These decisions seem to always happen late on Friday,” she said.
“I just hope that both the Health Department and Fair Trading learn from all of this in that communication with industry stakeholders is really important and timely information is important because we genuinely want to work together.”
Sydney’s preliminary auction rate was 62 per cent from 338 reported results. There were 78 withdrawn amid 437 scheduled auctions. However SQM advised there had <a href="https://sqmresearch.com.au/auctions.php?state=NSW" target="_blank">actually been </a><a href="https://sqmresearch.com.au/auctions.php?state=NSW" target="_blank">578</a>. 
A lakeside Narrabeen home set a record after selling for $4.27 million.
The cul-de-sac 14 Malcolm Street, Narrabeen, attracted five registered bidders.
The top sale was a six-bedroom knockdown home, with a tennis court on 1400 sqm at 41 Newton Road, Strathfield.
There were the 12 registered bidders who topped out a $5,502,000 which was $652,000 above the reserve through Richards Matthew Real Estate.
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Sydney auctions can be attended by more than 20 people

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20 person COVID-19 cap on attending Spring Sydney home auctions 

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There are 1,144 homes scheduled for auction across the combined capital cities this week, a slight increase on the 1,046 auctions last week and lower than the 1,415 last year.
In Sydney, 679 auctions are scheduled across the city, up on the 668 last week and also higher than scheduled volumes from one year ago (503).
The number of Sydney auctions has been trending higher over the past three months and auction volumes have been consistently above last year’s level since the last week of June.
There are 235 Melbourne homes scheduled for auction this week, an expected rise on last week’s volumes (191), which saw 33% of auctions withdrawn from the market.
The low auction volumes aren’t surprising, considering stage four restrictions remain in place.
Across the smaller cities, scheduled volumes are set to be higher across all cities but Tasmania where no auctions are scheduled in for this week.
<a href="https://www.propertyobserver.com.au/images/2020/8/20/CL%20AUG%2016.JPG" target="_blank">Click to enlarge:</a>
<img src="https://www.urban.com.au/images/2020/8/20/CL%20AUG%2016.JPG" alt="">
Ray White live listings are up nationally 11 per cent across Ray White, with a month to date clearance rate of 59.6 per cent.
Ray White offices are gearing up for a strong weekend in NSW with 60 auctions scheduled across Sydney.
In the morning, Ray White Drummoyne Agent Angela Saidi will be auctioning the sought after 2/69 Tranmere St, Drummoyne (pictured in title) unit.
The two bedroom unit has already had 90 groups through inspections and has a price guide of about $800,000. Ms Saidi said prospective buyers have been mostly made up of first home buyers along with a couple of investors.
<img src="https://f.datasrvr.com/f1/420/57811/Caringbah.JPG" width="640" data-imagetype="External">
Also in the morning, Caringbah townhouse at 1/5 Oleander Parade (pictured above) is scheduled for auction, capping off a three and a half week campaign that saw 62 groups through the property.
Ray White Caringbah Principal Wendy Samrani said with a price guide of $900,000 to $1 million the three bedroom home represents good value in the area.
“Many want to get into the area but can’t find a house in Caringbah for under $1.15 to $1.2 million - especially with stock levels so low and hardly anything similar on the market,” she added.
Ms Samrani sold a similar neighbouring townhouse in the same development six weeks ago for $907,500.
In the afternoon, 16 Clarence Road will go under the hammer to a new family through Ray White Rockdale Agent Nicholas Economos with New South Wales Chief Auctioneer Alex Pattaro calling the auction.
Ray White Surry Hills | Alexandria | Glebe | Erskineville Associate Director Matthew Carvalho will also be auctioning 127 Denison St, Camperdown later in the afternoon. The two bedroom terrace home has seen strong interest from young buyers and has a price guide of $1.1 million.
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Sydney auction volumes have been trending higher since June

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There are 1,206 capital city auctions being tracked by CoreLogic this week, down from 1,326 auctions last week, but higher than this time last year when 1,108 homes were taken to auction.
In Melbourne, 357 auctions are scheduled across the city this week, lower than the 540 auctions scheduled last week, which saw 217 withdrawn from the market according to final figures; a trend that is likely to continue throughout the lockdown period.
There are 611 Sydney homes scheduled for auction this week, up from 594 last week, and higher than the 386 held one year ago.
Across the smaller auction markets, Brisbane is set to hold the most auctions this week (114), followed by Canberra (61), Adelaide (51) and Perth (11). While Tasmania has 1 auction scheduled.
<img src="https://www.urban.com.au/images/2020/7/30/CL%20JULY%2030.JPG" alt="">
On the back of a 60.6 per cent nationwide auction day clearance rate last week, Ray White is preparing itself for another strong weekend of auction action.
A return to online auctions in Victoria has done little to stem buyer confidence and the number of registered bidders for New South Wales properties remain near record highs.
Australasia’s biggest auction house has 183 auctions scheduled to take place this Saturday, a strong 18 per cent increase in the number of auctions scheduled at the same time last year.
One of the highlights is set to be in Waterloo where Ray White Surry Hills Sales Executive Jack McGhee is sending 110 Morehead Street (pictured in title) under the hammer onsite at 10:30am.
“This deceased estate is being offered to the market for the first time in over 50 years and has a buyer’s guide price of $850,000,” Mr McGhee said.
“We’ve had 93 visits to the property during the campaign, we have 28 contracts out, and we’re expecting 12-15 registered bidders to compete on the day."
<img src="https://f.datasrvr.com/f1/420/45463/340_Belmont_Street,_Alexandria,_NSW.JPG" width="640" data-imagetype="External">
Next up, Directors Ercan Ersan and Shaun Stoker send Alexandria’s <a href="https://ecomms.raywhite.com/collect/click.aspx?u=U2F2YWpGbUpkNHhrZVh3aTdtVlVoNUdTNGphaGtvcXNiTWQ2NzRiNkVYeVNpWXNJMWttR0NtY3FITU5rb0xtcnJ1cmYrOGhCVXpUTzlvcDVtZTE4bitqZG1MR2NIMTJvNnRreUJoanVVZ3JMY3g5eXFVeGh0K21XV09KS0Z6enNzZnlFeHYyUUlISnE0cExqdFIyTEpvcGU4RHJMOWJzb05hMm5zNGFtamRvPQ==&amp;rh=ff006618d7c20a7a367488a8aa4888e10176f876" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">340 Belmont Street</a> (above) under the hammer.
 Mr Ersan said, "the property has generated a huge amount of interest with more than 100 groups through the open homes with the home appealing primarily to young couples and families." “From those massive open home numbers we’ve issued nine contracts and we’re expecting to have four bidders registered to compete on the day.” The auction will be called onsite at 9:30am by Ray White Auctioneer James Keenan.
<img src="https://f.datasrvr.com/f1/220/91764/114_The_Avenue,_Canley_Vale,_NSW.JPG" width="640" data-imagetype="External">
The hat-trick is a second builder’s dream, this time in Canley Vale, as Ray White Cabramatta Selling Principal Julie Dang and Sales Agent Binh Huyhn take 114 The Avenue (above) to auction.
“The four-week campaign has been extremely active with more than 55 people through the open homes and even more enquiries for what is essentially land value,” Mr Huyhn said.
“We’ve sent out 18 contracts and we’re expecting 10 registered bidders on the day for a property that’s on one of the best streets in Canley Vale.
“It’s been a 50/50 split of interest between builders and people who want to knock the property down and rebuild with a granny flat on the site as they have one eye on the future,” he concluded.
The auction will take place onsite at 10:30am.
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Sydney auction market remains strong while Melbourne flounders in lockdown

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There are 1,392 homes scheduled for auction across the combined capital cities this week, increasing on the 1,176 auctions last week and higher than the 1,124 last year, according to CoreLogic data.
Sydney and Melbourne were both expected to see a rise in the number of homes auctioned this week, however given Melbourne’s restrictions, a large portion of these are likely to be withdrawn, as we’ve seen over the past few weeks.
This is a familiar scene from the first lockdown as homes were pulled from auctions heavily during that period.
In Sydney, 642 auctions are scheduled across the city, a 25% rise on last week’s volumes (515) and also higher than scheduled volumes from one year ago (394).
There are 558 Melbourne homes scheduled for auction this week, an expected rise of 11.6% on last week’s volumes (500), which saw a large number withdrawn (209); a trend that is likely to persist through the lockdown period.
Across the smaller cities, scheduled volumes are set to be higher across all cities but Perth.
<img src="https://www.urban.com.au/images/2020/7/23/CL%20JULY%2019.JPG" alt="">
Despite the negative speculation surrounding the property market, the Ray White Group is set for another strong weekend of auctions.
A return to online auctions in Victoria has done little to stem buyer confidence and the number of registered bidders for New South Wales properties remain near record highs.
Australasia’s biggest auction house has 240 auctions scheduled to take place this Saturday, a 72 per cent increase in the number of auctions at the same time last year.
One highlight is in Pymble where Ray White Upper North Shore Sales Agents Rowan Lazar and Graeme Schultz are taking the five-bedroom family home at 12 Lawley Crescent (pictured in title) to auction with a $2,250,000-$2,500,000 price guide.
“We’ve had more than 70 parties through the open homes during the campaign and we’ve issued 17 contracts so far – we’re expecting this one to be a great auction,” Mr Lazar said.
<img src="https://f.datasrvr.com/f1/620/64889/5_Hume_Street,_Kellyville_Ridge,_NSW.JPG" width="640" data-imagetype="External">
Over in Kellyville Ridge, Ray White Castle Hill Sales Executives Sara Perry and Karl Anthony are expecting big things for the modern and stylish property at 5 Hume Street (above).
“We’ve had 58 groups through and the property has particularly appealed to a wide-ranging demographic – namely families, downsizers and first-home buyers,” Ms Perry said.
“The vendors have bought a block of land in Box Hill to build their dream home and they’re motivated to sell – we’re expecting 4-6 registered bidders on the day.
The property goes under the hammer onsite at 12pm with Ray White Auctioneer James Kerley.
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Sydney set to be the busiest auction market again due to Melbourne lockdown

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The capital city weekend auctions saw continued strong clearance rates as the summer selling season came to a bullish conclusion. 
Sydney recorded a success rate of 81 per cent, with Melbourne not too far behind behind on 77 per cent.
The real estate results contrast with the coronavirus turmoil on stockmarkets, which will be upper most on the minds when the RBA board meet to set its official cash rate on Tuesday.
Melbourne was the busiest auction market with 1,567 auctions, the busiest weekend since October 2018. 
In Melbourne, 1,221 results were captured and 941 homes sold, reported CoreLogic.
Sydney had some 1,045 auctions held over the week. Of the 645 Sydney results captured, 525 homes sold, CoreLogic reported.
"Based on these numbers, the market does not (yet) appear to be affected by global events," SQM boss Louis Christopher said. "But watch this space..."
The highest confirmed residential sale in Sydney was <a href="https://www.realestate.com.au/property-apartment-nsw-milsons+point-132850826" target="_blank">1701/30 Glen Street Milsons Point</a> (pictured above), a four-bedroom, three-bathroom penthouse. 
The 312-square-metre apartment fetched $7,250,000 through Black Diamondz.
Located within the Colonnades' building, the harbour-view apartment features an upper master retreat opening to a rooftop entertaining terrace, and three double bedrooms with balcony access and views.
It had previously sold in 2014 for $2.88 million.
Sydney's most affordable residential sale, <a href="https://www.realestate.com.au/property/unit-8-14-16-the-trongate-granville-nsw-2142" target="_blank">8/14-16 The Trongate, Granville</a>, sold prior to auction for $375,000. 
Listed by Ray White estate agent, George Jammal, the newly renovated unit is situated on the first floor. 
The two-bedroom, one-bathroom apartment had been fitted with a new kitchen with gas cooking. 
In Melbourne, the highest residential sale was in Hawthorn at $6.07 million.
The <a href="https://www.rtedgar.com/property/19-fairview-street-hawthorn-vic-3122/38857/" target="_blank">19 Fairview Street Hawthorn home</a> was an architect designed, Merkon-built offering set over three levels on its 790 sqm holding with views over Fairview Park.
There was a sale in Malvern at $5,406,000 of an ornate five bedroom home at <a href="https://www.marshallwhite.com.au/property/24-embling-road-malvern-877755/" target="_blank">24 Embling Road</a>.
The 1920s home attracted four bidders after the opening $4.8 million vendor bid. 
In Toorak there was a $4,575,000 sale of a 1920s home, Carisbrook.
Announced on the market at $4.3 million, the <a href="https://www.realestate.com.au/property/11-toorak-ave-toorak-vic-3142" target="_blank">Toorak Avenue property</a>'s price guide had been between $4 million and $4.4 million for the four-bedroom, two-bathroom house by its Marshall White estate agents James Redfern and David Volpato.
The 836 sqm holding had sold at $3.35 million in 2010.
Marketing suggested the house "represents an outstanding opportunity to renovate and extend".  
A Canterbury offering at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-132892990" target="_blank">8 Stanley Grove</a> sold for $3,780,000.
The four-bathroom, two-bedroom house was listed by Jellis Craig estate agents Peter Vilano and Jessica Zhang. 
The 858 sqm residence showcases a king-sized kitchen that overlooks the family room and west-facing gardens.
A Harold Street, Middle Park house was passed in on a $5.8 million vendor bid at its Cayzer Real Estate auction
Melbourne's cheapest residential sale <a href="https://www.barryplant.com.au/for-sale/11-37-st-kinnord-street-aberfeldie-vic-3040-84098/" target="_blank">11/37 St Kinnord Street, Aberfeldie</a> sold for $300,000, mid-way between its $290,000 to $310,000 Barry Plant price guidance.
The one bedroom, one barhroom unit had previously sold at $275,000 in 2016. 
It was a $250 a week rental in 2015 and at $280 last November. It is leased until next November.
Across the smaller auction markets, preliminary results from CoreLogic show that Canberra was the best performing with a 67 per cent success rate across 82 auctions. 
Brisbane saw a 63 per cent success rate including the sale of <a href="https://www.propertyobserver.com.au/https://raywhitealderley.com.au/properties/residential-for-sale/qld/alderley-4051/house/2257169" target="_blank">51 Alderley Avenue, Alderley</a> for $958,000. 
"There had been intense interest in this two level family home with more than 80 groups through during the campaign with interest coming from a mixture of first home buyers, young professional couples and families," Ray White Alderley agent Andrew Cowan said.
There were 10 registered bidders “who went hammer and tong” because finding a house like this with four bedrooms and two bathrooms in Alderley is not easy.”
Adelaide saw a 62 per cent clearance rate while only 37 per cent of homes were sold at auction across Perth. 
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Summer ends with strong capital city auction success rates

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Sydney's late spring auction success rate has normally fallen quite significantly under the weight of new choices by mid-November.
But while the vibrant seasonal jacaranda display falls to the ground, indicating the Christmas break is nigh, there has been continued strength in the auction outcomes.
CoreLogic advised four of Sydney’s 15 regions returned preliminary clearance rates on a recent weekend of 90 percent or over.
They were the Northern Beaches, Ryde and North Sydney and Hornsby.
Baulkham Hills and Hawkesbury returned the lowest preliminary clearance rate at 58 percent, which is where the overall end of spring market typically sits in normal years.
There were 930 homes taken to auction across Sydney last week making it the second busiest auction week of the year for the city, just behind the pre-Easter ramp up.
The CoreLogic preliminary results showed an overall 81 percent clearance rate, with not much difference between houses and apartments in attracting buyers.
The clearance rate will likely revise to around the mid-70s once late results are included.
The previous week saw a final clearance rate of 74 per cent across 843 auctions.
One year ago, 844 auctions were held across Sydney returning a final clearance rate of just 42 per cent.
Back in 2017, as the boom was disappating there were over 1000 Sydney auctions, one of the few and far so-called Super Saturdays.
The latest auctions results have triggered a $1.4 million house median and a $920,000 apartment median.
Auctions offerings are always pricier than private treaty listings.
CoreLogic recently put the overall Sydney median at $918,000 for houses and units at $720,000.
Sydney house values are up 5.3 percent since the recent May low, and apartments up 4.2 percent.
According to CoreLogic research director Tim Lawless, the strong rebound in Sydney can be attributed to a blend of factors; tighter labour market conditions and stronger population growth relative to the other capitals, coupled with the stimulatory effect of the lowest mortgage rates since the 1950’s, and improved access to credit.  
Stamp duty exemptions for first home buyers purchasing under specific price points have added additional stimulus to housing demand, Lawless said.  
The lack of fresh supply is also contributing to the turnaround, as vendors have still been hesitant to come to market.
The latest CoreLogic listing tally is 10 percent down on the same time last year. 
There have been 7200 fresh offerings across Sydney in the past 28 days, compared to the near 8000 fresh offering that came to market this time last year. There were 8600 fresh offerings in mid-November 2017.
The current total Sydney listings, fresh and lingering, sits at 24,000, compared to 31,000 this time last spring.
There is emerging improved sentiment, according to the latest report by ME Bank.
The report, which surveyed 1000 Australians in the property market, found 42 per cent of participants said they felt good about the current market, which was up nine percentage points from last quarter.
Price growth sentiment was most improved in Sydney, with respondents in all major cities except Perth showing a more positive outlook on prices.
The survey showed 57 percent throught Sydney prices would be higher still in 12 months time, up from 24 percent who thought so in April this year.
REA Group executive director of economic research Cameron Kusher said buyers still face a lack of stock, although there will be a pick up in auction volumes.
According to <a href="http://realestate.com.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://realestate.com.au&amp;source=gmail&amp;ust=1573586230822000&amp;usg=AFQjCNH9kZ3QzHBVVCkseqm3z4j4WZYEgA">realestate.com.au</a> there will be 754 auctions today and then 776 next Saturday.
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