<a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> has announced a partnership with Eden Brae Homes to deliver custom-designed homes at Lovedale Farm, the landmark masterplanned golf estate taking shape in the Hunter Valley wine region.

The partnership brings together two highly experienced businesses with a strong track record in quality, delivery and creating well-established neighbourhoods, and marks an important milestone in the next stage of delivery at <a href="https://www.apartments.com.au/new-townhouses/lovedale-farm-1054-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>.

As part of the collaboration, Eden Brae Homes has constructed the Lovedale Farm display home, which will officially open to the public on Saturday 21 March.

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The near-300 sqm display home, with four bedrooms and four bathrooms, is one of a collection of homes custom designed specifically for the project. It features a generous master suite with impressive three-metre ceilings, dedicated golf buggy parking, and a farmhouse kitchen complete with a butler’s pantry. Premium upgrades that further enhance the home include an outdoor kitchen, walk-in wine display and gas fireplace.

Pricing for homes at Lovedale Farm starts from $1.14 million for a 255 sqm, four-bed home with rumpus and double-garage on a 504 sqm lot.

The opening will give off-the-plan buyers, future residents and the broader community the opportunity to step inside the home, experience the design and finishes firsthand, and learn more about the homes and land now available at Lovedale Farm.

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Jim Hunter, Managing Director of Capital Corporation, said the partnership builds on a strong history of successful collaboration between the two groups.

“This is not our first collaboration. Capital Corporation has partnered with Eden Brae Homes across several successful communities, including Fairway Views and Fairway Gardens neighbourhoods at Kellyville,” Hunter said.

“Lovedale Farm represents a continuation of that proven partnership, underpinned by a shared focus on quality, delivery and creating places people are proud to call home. We are pleased to be bringing that experience to the Hunter Valley.”

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Arthur Ilias, General Managing Director of Eden Brae Homes, said the Lovedale Farm display home showcases the lifestyle and craftsmanship buyers can expect and marks an exciting new chapter for the project.

“Lovedale Farm presents a rare opportunity to create homes that are custom designed for their setting, with refined layouts, quality inclusions and a strong connection to the way people want to live in the Hunter Valley,” Ilias said.

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Joel Robinson

Capital Corporation partners with Eden Brae Homes to offer custom-designed homes at Lovedale Farm

Aqualand Group’s new investment and development platform, Aqualand Prestige, has secured its first successful end-to-end equity investment, partnering with real estate investment group, Phoenix Property Investors (Phoenix), to deliver its new Roseville residential development.

The joint venture represents a significant milestone for Aqualand Prestige, leveraging off the group’s broader project pipeline, delivery capability and vertically integrated operating model.The transaction also marks the continuation of Phoenix Property Investors’ long-term strategy investing with capable partners to deliver high quality residential projects in Sydney and Melbourne.

Phoenix Property Investors is an established real estate asset manager with a long track record of investments across developed Asia markets including, Japan, Hong Kong, Korea and Australia, for, and on behalf of, its clients, partnering with leading local developers on residential, commercial, hotel and mixed-use projects in major metropolitan markets.&nbsp;

The Roseville project at 2-4 Larkin Street will&nbsp;comprise a part-nine, part-10-storey development with around 111 apartments. Development approval is anticipated for late March, with sales to commence later in the year.

Jin Lin, Managing Director of Aqualand Group, said the joint venture marks a defining moment for the group’s new investment delivery platform.&nbsp;

“Securing our first end-to-end equity investment under the Aqualand Prestige brand is a major milestone and a strong endorsement of the platform we’ve built," Lin says.

"It provides capital partners with the opportunity to directly leverage Aqualand’s broader development expertise, construction capability and proven track record of delivery, while allowing us to deliver smaller scale residential projects with the same level of design excellence and certainty that has defined Aqualand over the past decade.”

Trent Winduss, Partner and Head of Australia at Phoenix Property Investors, said the partnership with Aqualand on the Roseville project represents a substantial investment for Phoenix’s Australian platform.&nbsp;

“We’re excited to partner with Aqualand Prestige. The Roseville development builds on Phoenix’s strategy of aligning with best-in-class development partners to deliver high-quality, design-led residential outcomes in tightly held locations.&nbsp;

“Aqualand’s depth of experience, vertically integrated delivery model and strong record of delivering complex, high-quality residential developments made them a natural partner for us."

The Roseville project marks Aqualand Prestige’s first in a growing pipeline of medium-scale luxury residential developments across Sydney. They have two sites, on Archer Street in Chatswood and Pockley Avenue in Roseville, for future developments. In 2024 they completed AURA by Aqualand, one of the most expensive developments ever to be completed in North Sydney.

The Roseville project at 2-4 Larkin Street will comprise a part-nine, part-10-storey development with around 111 apartments



Aqualand Prestige partners with Phoenix Property Investors for new Roseville apartment development

<a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> has long been considered one of the North Shore’s most well-connected and amenity-rich neighbourhoods, sought after by those who want both abundant retail and convenient transport links on their doorstep.

International developer&nbsp;<a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, who has delivered new apartment projects across New South Wales and Queensland over recent years, has teamed up with&nbsp;<a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a>, a Chinese developer with four decades of experience, to deliver The Anderson, just over 80 family-sized apartments near the Chatswood Interchange.

&nbsp;

&nbsp;

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<a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> offers a diverse range of apartment configurations, from one to four-bedrooms, including two 200 sqm double-storey penthouses. The tower, by AJC Architects, has been designed to intergenerational families and downsizers.

The apartments at The Anderson feature open-plan living areas that flow onto generous balconies, designed to capture natural light and expansive, never-to-be-built-out views toward Chatswood’s heritage precinct, with ocean glimpses from upper levels.

Interiors are defined by a restrained palette, premium fixtures and gallery-inspired wardrobe spaces, reflecting AJC’s considered approach to residential design.

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Positioned within walking distance of Chatswood Plaza, Westfield, The Concourse and the Chatswood Interchange, the development places daily convenience, dining, and culture at residents’ fingertips.&nbsp;

The joint venture partners will be brining further amenity to its residents, with street-level retail planned for the base of the tower.

Chatswood has been one of the most popular suburbs for new apartment buyers with the newly expanded Metro service across NSW taking Chatswood residents to Martin Place in just 11 minutes. Chatswood station is just a seven-minute walk from The Anderson.

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Changfa and Huirong launch The Anderson in Chatswood amid renewed demand for North Shore apartments

Construction is now underway at <a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a> in Carrara, with all stages fully funded as <a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> progresses its 59-residence gated community on an elevated ridgeline overlooking 100 hectares of natural savanna.

The commencement marks a key milestone for the Gold Coast project, designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a> and being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, at a time when buyers are placing greater emphasis on delivery certainty and builder track record.

With Devcon active in South East Queensland since 1993 and having delivered more than 1,000 homes, the team is positioning Cumulus as a fully financed, under-construction offering in a market where risk mitigation has become a central consideration for off-the-plan purchasers.

[smartcode_project:default project_id=135663 project_image_fid=360496]

Located at 17 Baltimore Court, Cumulus Grand Villas comprises 59 three- and four-bedroom villas across four collections, Skyline, Canopy, Savanna and Broadview. Pricing starts from $1,455,000, with completion of the first stage targeted for Q4 2026.

Across the four collections, each design represents an expansive and thoughtfully considered offering. The Broadview provides additional flexibility within its floorplan, incorporating a multipurpose room or optional additional bedroom, and is priced from $1,895,000.&nbsp;

Configured across two levels, the four-bedroom villas feature two master bedrooms with private ensuites, as well as a multipurpose room (MPR), supporting intergenerational living, guest accommodation, or the creation of a dedicated retreat space.&nbsp;

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The main living areas are positioned on the ground floor, while the bedrooms are located upstairs, a configuration that promotes both family separation and connected living. All villas include a second master suite on the ground floor, reinforcing the project’s focus on flexibility and long-term adaptability.

That adaptability was central to BDA Architecture’s design approach. The team sought to create a sophisticated, low-maintenance product that makes the most of the site’s elevation and outlook while responding to evolving household needs. Expansive glazing, open-plan interiors and private outdoor areas draw in natural light and frame views towards the savanna, hinterland and Broadbeach skyline.

[smartcode_project:default project_id=135663 project_image_fid=360470]

VentureCrowd Director of Property David Whitting said the project responds to a growing group of buyers reassessing what premium living on the Gold Coast looks like.

Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors. The inclusion of dual master suites in the Broadview design, along with options for a downstairs MPR or guest bedroom, allows homes to adapt as family dynamics shift, whether accommodating older parents, adult children, or extended stays.

Across the community, villas are specified with European appliances and premium fixtures and fittings, alongside double garages and landscaped private areas. The gated enclave includes number plate recognition entry, reinforcing a focus on security and exclusivity.

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Lifestyle amenity is anchored by the Infinity Terrace, an elevated communal space incorporating a 20m heated pool, alfresco zones and barbecue facilities, designed as a shared retreat within the neighbourhood. A two-acre private nature reserve with walking trails and rehabilitated bushland further integrates the development with its savanna-edge setting, reflecting a broader masterplan initiative to restore native vegetation and habitat corridors.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a>’s positioning continues to attract attention from prestige buyers seeking proximity to the coast without beachfront pricing. The suburb offers access to major retail centres including Pacific Fair and Robina Town Centre, is around 15 minutes from Broadbeach, and benefits from connectivity via the M1 to Brisbane and the Gold Coast Airport.

[smartcode_project_cta:default project_id=135663]

VentureCrowd’s Cumulus Grand Villas in Carrara advances with construction underway

Joint venture partners <a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> are officially launching the third and final residential stage at their landmark $350 million harbourfront precinct, Putney Wharf, with The Residences representing the final opportunity to secure a new home within this rare waterfront destination.

Strong demand has already been established across the earlier stages of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-residences-20-waterview-street-putney-nsw-2112">Putney Wharf</a>, with more than 50 per cent sold ahead of this final release. The Residences will introduce a selection of the precinct’s most premium apartments, many of which were deliberately reserved for this concluding stage.

Located at 20 Waterview Street, <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a> NSW, the completed precinct will comprise 67 residences, including 18 terraces and 49 apartments, alongside five retail tenancies and a 36-berth marina.

[smartcode_project:default project_id=13962 project_image_fid=1338]

Developed alongside partners Phoenix Property Investors and Mitsubishi Estate Asia, Putney Wharf occupies a prized 300-metre stretch of absolute waterfront and incorporates the historic former Halvorsen’s Boatshed. The precinct connects directly to surrounding parklands via a landscaped foreshore walkway and a large, landscaped podium linking both sides of the development to the adjoining foreshore parklands.

The Residences comprise two newly built, three-storey apartment buildings delivering a boutique collection of 30 generously proportioned waterfront apartments. Designed to capture harbour outlooks, natural light and cooling breezes, The Residences balance architectural refinement with relaxed, low-maintenance living.

Architecturally designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the apartments continue the cohesive design language seen across the broader precinct. A refined palette of light and dark materials, softer-toned stone and neutral, earthy finishes reflect the surrounding landscape and harbour setting. Interiors feature painted timber veneers, tactile joinery, timber flooring to living spaces and 100 per cent natural wool carpets in bedrooms, creating warm and sophisticated homes.

[smartcode_project:default project_id=13962 project_image_fid=362525]

Justin Brown, Executive Chairman and Founder of Abadeen, said the release of the final residential stage marks an important milestone for the project.

“Putney Wharf brings together everything we’ve learned over more than 25 years of development,” Brown said. “It respects the site’s extraordinary maritime history while delivering contemporary homes that connect people directly to the harbour.

The Residences offer the rare combination of low-maintenance apartment living, waterfront outlooks with beautiful sunset views, and the convenience of retail and amenity at your doorstep. For boating enthusiasts, the opportunity to secure a private marina berth completes a truly unique Sydney harbourfront lifestyle.”

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PERIFA Managing Director and Co-Founder Fabrizio Perilli added that the diversity of housing across the precinct has been central to the project’s success.

“Whether it’s the heritage Halvorsen’s apartments, the Waterview Terraces or now The Residences, Putney Wharf offers a range of homes that respond to different lifestyles, all united by an unrivalled harbourfront setting,” Perilli said. “This is a precinct that will add lasting value to the Putney community.”

Managing project marketing and sales, <a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Partner Tim Rees said the final release has already attracted strong demand reflecting the project’s unique harbourfront position and the success of earlier stages.

“Following the strong response to both the Halvorsen’s Boatshed residences and the Waterview Terraces, The Residences represent the final chance to secure a new home within this tightly held waterfront precinct,” Rees said.

“Buyers are drawn to the rare combination of absolute harbour frontage, parkside living and genuine architectural quality.”

[smartcode_project:default project_id=13962 project_image_fid=362240]

Putney Wharf is a one-of-a-kind mixed-use destination, delivering an exclusive residential offering alongside waterfront dining, retail and a 36-berth marina designed to the latest Australian Standards, accommodating vessels up to 18 metres and helping address Sydney Harbour’s ongoing marina shortage.

The precinct will include five retail tenancies and a prominent waterfront jetty area fronting the retail village, creating an activated harbourfront destination for residents and visitors alike.

Residents will enjoy direct access to lush harbourfront parklands, a public foreshore walkway and landscaped podium gardens connecting the development to the surrounding waterfront reserve.

Construction across the Putney Wharf precinct is expected to be completed by Q2 2027.

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Final Harbourfront release in Putney Wharf launches this weekend

Weekend Auctions

A $2.669 million sale was the nation&#39;s highest reported weekend auction result amid 476 apartment offerings.

It was an 18th floor northeast corner apartment with a 131sqm layout.

The listing came with two car spaces and storage in the security complex with a 24-hour concierge.

Its sale price bettered the prior top sale, also on the 18th floor in May, at $2,180,000.

The tightly held apartment was sold by Adam Wong at Di Jones, having last sold off the plan at $660,000 in 1999.

Two-thirds of Walker Corporation&#39;s Regency Chatswood had sold in its 1998 marketing when Walker Corp took 175 deposits in the 299-unit Regency Chatswood project.

Walker Corp&#39;s $250 million development of the residential Regency Chatswood project was on the site of the former Wallaceway retail block in the heart of the shopping centre.&nbsp;

The development is to be completed in two stages comprising a 26-storey twin tower site with 534 apartments ranging in price from $185,000 to $1 million.&nbsp;

At the time there were three other residential projects under construction in Chatswood and seven projects with 1220 dwellings having development approval.&nbsp;

Some of the bigger residential projects for sale were Meriton&#39;s Bentleigh development on Victoria Avenue and The Chelsea on Brown Street.

There were 467 apartments amid the 1,977 homes taken to auction across the combined capital cities last week, revising down from the 2,106 originally expected as a number of vendors reschedule to a later date.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

A Drummoyne apartment at 9/11 Bayswater Street sold for $878,500 at online auction on Saturday, at $118,500 above reserve through Ray White Drummoyne agents Mario and Jessica Carbone.&nbsp;

There were 10 registered bidders with seven of them active in seeking the two bedroom abode.&nbsp;

The winning bid was a first home buyer moving from the inner city.&nbsp;

The vendor had previously lived in the home before moving to Melbourne and turning it into an investment property.&nbsp;

Melbourne&#39;s auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.

CoreLogic calculated a 40 percent success rate after high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

The dearest result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The price guide had been $1.42 million to $1.52 million.

The modern security apartment was located on the 18th floor of the Regency Apartment complex


jchancellor-FAypfDUnLy

Record Walker Corp Regency Apartment, Chatswood sale tops weekend sales

Sydney apartment vendors secured a 70 percent weekend auction success rate with CoreLogic advising almost half the sales were pre-auction.

CoreLogic reported 214 apartment and townhouse sales with 97 finding buyers before auction.

Sydney estate agents secured 52 sales via online auctions given the city being in lockdown.

Some 48 listings were postponed.

CoreLogic calculated a $1.03 million median.

Sydney&#39;s dearest weekend apartment sale was the two bedroom, two bathroom at 161/5 Wulumay Close, Rozelle which sold at online auction for $2.77 million.

<a href="/developments/sydney-nsw?source_news_article_id=104928&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_10.jpg" width="1200" /></a>

Balmain Realty agent Scott Robertson marketed the top floor apartment as within &quot;the prized Balmain Cove harbourfront complex ... with exceptional build quality by Walker Corporation.&quot;

There had been a $2.5 million price guide for the refreshed 1999-built apartment with 127 sqm floor space.

It had last sold in 2012 at $1,275,000 and in 2006&nbsp;at $930,000.

It first sold off the plan in 1997 at $695,000.&nbsp;&nbsp; &nbsp;

Sydney was the strongest city with Brisbane seeing a 27 percent success rate for its apartment offerings.

Melbourne&#39;s 285 results saw a 66 percent success rate with a $670,000 median price.

Nationally there were 530 results across all the capital cities with a 67 percent success rate and a $737,000 median price.

CoreLogic advised almost half the Sydney apartment sales were pre-auction

jchancellor

Walker Corp apartment tops weekend auctions with Sydney vendors securing 70 percent success rate

Sydney&#39;s top revealed weekend apartment sale was $2.18 million at Chatswood.

It was a three bedroom, two bathroom apartment at 1801/2B Help Street.

Set on the 18th-floor in the Regency Tower, the recently refreshed apartment last sold at $780,000 in 2009.&nbsp;

Sydney had the nation&#39;s cheapest apartment sale result at weekend auctions across the capital cities.

It was when 17/22 Nagle St, Liverpool fetched $285,000.

<a href="/developments/sydney-nsw?source_news_article_id=101646&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template.jpg" width="1200" /></a>

It last sold at $148,000 in 2001.&nbsp;

The one bedroom 76 sqm apartment was marketed as in need of substantial repair.&nbsp;

The second floor apartment was sold by Elders Liverpool agent:Frank Polistina.

CoreLogic calculated 78 percent of Sydney&#39;s 336 unit auctions were sold at a $975,000 median price.

It was $691,000 in Melbourne where the lockdown triggered auction withdrawals.

There were just the 306 apartments to auction across Melbourne, with a 62 percent success rate.

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Canberra saw 80 percent of its 12 apartment offerings find buyers.

It was 55 percent from the 36 Brisbane offerings, a slight improvement on the prior week when&nbsp; CoreLogic calculated there was a 50 percent weekend success rate from Brisbane&#39;s 16 apartment listings.

Last week was set to be the second biggest auction week so far this year however with another lockdown in Victoria volumes dropped slightly.&nbsp;

There were 2,930 homes taken to auction over the week which is currently the third highest number of auctions we have seen this year across the combined capitals.&nbsp;

Of the 2,460 results collected so far, 75.7 per cent were successful.&nbsp;

In comparison, the previous week recorded a higher preliminary clearance rate of 78.2 per cent, which revised down to 75.6 per cent at final figures.

With Melbourne currently in lockdown, 1,264 homes were taken to auction this week, compared to the 1,451 auctions predicted for this week.

Preliminary figures show 72.8 per cent of the 1,101 results collected so far were successful.

There were 1,177 homes taken to auction across Sydney this week, compared to 1,103 last week and 452 this time last year. There have been 969 auction results collected so far, returning a preliminary auction clearance rate of 81 per cent.&nbsp;

Across the smaller capital cities, Canberra recorded a preliminary auction clearance rate of 84.7 per cent, followed by Brisbane where preliminary results show 71.9 per cent of auctions were successful. Adelaide recorded a preliminary auction clearance rate of 69.3 per cent, while in Perth, 34.8 per cent of reported auctions were successful.

The week was set to be the second biggest auction week so far this year however with the lockdown in Victoria saw volumes dropped slightly.

75% auction success rate for Sydney apartments with Melbourne at 62%

Sydney and Melbourne, the two major apartment auction markets were neck and neck at weekend auctions.

It was a 74% clearance rate for 208 Sydney apartment suctions and 73% for Melbourne&#39;s 187 weekend apartment auctions.

There was a $660,000 median in Melbourne and $955,000 median in Sydney.

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CoreLogic noted houses have outperformed units throughout the year, recording final clearance rates above 80% for consecutive weeks.&nbsp;

&quot;This is the first week where the preliminary figure for houses has dipped below 80% with 79.6% of (1621) houses recording a sold result compared to the 74.7% for (421) units,&quot; Tim Lawless, the head of research noted.

In Melbourne, auction volumes fell with 925 properties going under the hammer last week.&nbsp;

Of the 770 results collected so far, 76.1% were successful results.

Compared to last week, a auction clearance rate of 78.1%, later revising down to a final auction clearance rate of 77.3% by final collection.

Over the same week a year earlier, only 144 Melbourne auctions took place with a final clearance rate of 27.9%.

<img alt="" height="528" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cl_apr_26.jpg" width="1179" />

Sydney recorded a preliminary auction clearance rate of 82.1% this week across 777 auctions.

This was lower than last week&rsquo;s preliminary figure of 84.8%, which later revised down to 81.5% at final results.

Last week a higher 919 Sydney homes were taken to auction.

One year ago,192 auctions were held and a 50.9% final clearance rate was recorded.

Canberra was once again the standout capital city auction market, recording a preliminary auction clearance rate of 97.7% this week. Brisbane recorded the second highest preliminary figure of the smaller capital cities at 76.2%.

The two major apartment auction markets were neck and neck at weekend auctions

Sydney's 74% apartment auction success rate pips Melbourne's 73%: CoreLogic

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Macquarie Capital’s global executive chairman David Roseman and his interior designer wife Sue have reportedly secured $10 million for their Point Piper beachfront apartment.

There had been guide of $9 million plus on the whole-floor Wolseley Rd apartment.

The Rosemans had undertaken a renovation after it was bought 13 years ago for $3.9 million. 

Sue is a former Macquarie executive.

The four bedroom apartment features Tasmanian Oak chevron floors, Calacatta marble appointments and high ceilings. 

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The spacious open plan living and dining areas flow to a deep covered terrace.

The ground floor comes with gymnasium, swimming pool and lawn with steps to the beach.

The couple were the recent buyers of the nearby duplex of JP Morgan boss Paul Uren and his wife Jennifer at more than $16 million.

The Hong Kong-based JPMorgan boss had listed it with initial $18 million hopes two years ago. 
 
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The apartment that sits on the dress circle Wolseley Road, Point Piper sold through local agent Di Baker

$10 million Point Piper trophy apartment tops weekend sales 

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Sydney apartment vendors secured an 84% weekend success rate in what was the busiest week for auctions since the week prior to Easter 2018.

There were 3,791 homes taken to auction across the combined capital cities last week, according to CoreLogic.

The higher volumes saw the preliminary clearance rate strengthen, with 84.4 per cent of all auctions recording a successful result.

For apartment vendors the best result came with Sydney's 84% success rate.

Melbourne apartment vendors had a 71% success rate.

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It was 55% in Canberra and 52% in Brisbane.

Houses outperformed units in all the major auction markets, Sydney (80%); Melbourne (84%); Canberra (90%) and Brisbane (73%).

Auction volumes are set to fall this week due to the Easter long weekend, with CoreLogic currently tracking around 880 auctions a cross the combined capital cities.

The Easter period last year saw 634 homes taken to auction.

Melbourne's results ranged from a $122,500 Box Hill studio which sold through Jellis Craig pre-auction through to a $2 million three bedroom, three bathroom Brighton East townhouse.

The 1A Hodder St offering had a $1.6 million to $1.7 million Gary Peer price guide.

The most affordable sale at auction in Sydney at the weekend was a two bedroom townhouse at 3/165-167 Adelaide St St Marys at $423,990.

The villa had sold at $355,000 in 2016.
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Sydney was host to 1,392 auctions, increasing from 1,025 over the previous week, and 1,279 this time last year.


Brighton townhouse tops Melbourne's 71% weekend apartment auction success rate

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Units had a strong auction weekend with a 75% national success rate after the auction of 684 units.

The prior week's clearance rate sat at 77% after the auction of 578 units.

Sydney was the best of the major capital city markets for apartment auctions, according to CoreLogic.

Sydney vendors secured an 82% success rate from 319 listings. Houses in Sydney performed even better with 90% of the 729 houses finding buyers.

Melbourne was the busiest capital for unit offerings with CoreLogic putting the auction tally at 330. 

There was a 73% success rate, as against the 989 houses which recorded an 80% clearance rate.

[smartcode_project:default project_id=29912]

Some 75% of Perth's 21 apartment listings were sold.

Brisbane saw 38% of its 18 listings find buyers.

Sydney saw a Bondi Beach penthouse sell for $20.1 million at weekend auction, becoming the most expensive apartment ever sold at auction in Australia.

Melbourne's top apartment sale was $2.36 million for the four bedroom townhouse (above) at 2/17 Olinda Street, Caulfield South through Gary Peer &amp; Associates.

Melbourne had the nation's cheapest apartment sale which was secured before its scheduled auction when $255,000 was paid for a two-bedroom Harkness offering.

[smartcode_project:default project_id=29910]

The 2010-built ground floor unit in the Parkside Apartments complex at 1/9 Petrea Place was offered through Russell Parker at First National Melton.

It came with a $250,000 to $260,000 price guide having last sold at $215,000 in 2011. 

The 80sq m ground floor space first sold off the plan in 2009 at $215,000.

Its last advertised rental asking price, according to CoreLogic, was $240 in late 2019.
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Units had another strong auction weekend with a 75% national success rate after the auction of 684 units, up from the prior week's 578 units

75% of weekend apartment offerings find buyers

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The demand for property in Victoria reached record levels in February.

Some 84.8 per cent of the 3,000 properties that went to auction sold under the hammer, the Real Estate Institute of Victoria found.

It was also the highest clearance rate of any month over the last 11 years, topping an old 2010 record which saw an 84 per cent clearance rate.

There were 17 suburbs which saw a perfect auction run, clearing 100 per cent of its properties at auction.

The likes of inner city Hawthorn East, Brunswick East, Collingwood and Fitzroy North saw all of its homes sell.

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Also scoring a perfect game were Ferntree Gully, Rowville, Seaford, Ashburton, Blackburn South, Fawkner, Wantirna, Boronia, Fairfield, Hillside, Seddon, as well as the bayside suburbs Sandringham and St Kilda West. 

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Reservoir, Coburg, and Bentleigh East beat out the rest to land as the top selling auction suburbs for February 2021, clearing 44, 37, and 35 auctions respectively, while 11 suburbs at least doubled their auction sales compared to same month in 2020.  

The best improvements on last year are in Sunshine North, Dingley Village, Gladstone Park, Ashwood, Albert Park, Fitzroy North, Doncaster, St Kilda West, Montmorency, Hoppers Crossing, and Templestowe.  

The REIV put the stellar results down to government incentives for first home buyers, mortgage repayment holidays and low interest rates, as well as pent up demand following the COVID-19 enforced lockdowns which saw thousands of auctions cancelled.

 
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There were 17 suburbs which saw a perfect auction run, clearing 100 per cent of its properties at auction

Victoria sees highest February auction clearance on record

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There were 1,587 capital city homes taken to auction last week and with 1,311 results collected so far, 84.5% have found buye

It was an improvement on last week’s preliminary clearance rate of 81.9% when volumes were higher (2,473). 

Final figures saw last week’s preliminary clearance rate revised down to 79.3%.

The lower volumes this week can be attributed to the four of the states and territories having a public holiday on Monday, including Melbourne were volumes are down substantially over the week.

There were 477 Melbourne homes auctioned last week, down on the 1,299 last week. 

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Of the results collected so far by CoreLogic, 80.9% were sold results. 

The final clearance rate last week came in at 76.4% and one year ago 66.1% on a lower 418.

In Sydney, 812 homes were taken to auction this week, returning a preliminary auction clearance rate of 86.7%.

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Last week, a higher 844 auctions were held with an 85.3% final clearance rate and one year ago 830 auctions took place and a 75.2% success rate was achieved.

According to preliminary figures, all of the smaller auction markets saw over 80% of auctions successful this week, Canberra returned the highest preliminary figure of 91.5%, followed by Brisbane (82.3%), Perth (81.8%) and Adelaide (81.7%).

Dr Andrew Wilson, chief economist at Archistar, from My Housing Market noted there was an 88 percent weekend success rate for Sydney houses and 82 percent for units.

It was 80 percent for both Melbourne houses and units.
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Of the 1,311 results collected so far, 84.5% were sold as four of the states and territories enjoyed a public holiday on Monday

Long weekend auction results hold firm

<html><body>The $16 million plus Point Piper apartment sale on the weekend confirmed the suburb's status as the priciest location for Australian apartments.

The Point Piper penthouse sold on Friday evening, just hours prior to its scheduled Saturday auction.

The whole-floor apartment, within the tightly held Wentworth Place block, comes with three bedrooms and three-bathrooms.

It has views to the Bridge and Opera House.

The Wentworth Street penthouse has 300sq m of internal space plus 300sq m rooftop terracing.

It traded at $3,325,000 in 1993 and at $3.85 million in 1989.

Sydney's Point Piper boasted Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report.

Point Piper took the top spot with a median unit value at $2.28 million, with all the top 10 coming from Sydney.

Nearby Darling Point ranked second at $1.78 million followed by Millers Point at $1.69 million.

Point Piper's top apartment sales over recent years have included 

3/10 Wentworth St, Point Piper, $13.5 million, 2016; 

4/47-49 Wolseley Rd, Point Piper, $13.5 million, 2017; 

4/6 Buckhurst Ave, Point Piper, $16 million, 2017;

72A Wolseley Rd, Point Piper, $14.75 million, 2017;

2/74 Wolseley Rd, Point Piper, $12.35 million 2019;

2/62 Wunulla Rd, Point Piper, 412 million, 2020;

3/10 Longworth Ave, Point Piper, $10.4 million, 2020;

2/124 Wolseley Rd, Point Piper, $13.025 million, 2020. 

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Point Piper is the priciest suburb for apartments across Australia

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