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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

WM Residences fills gap in Mordialloc townhouse market

Weekend Auctions

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Sutherland had the poorest results at auction of any Sydney region on the weekend, discounting the Central Coast, with a clearance rate of just 31 percent of its 16 notified results.
It compared to last week's results where they had a 62 percent success rate from its 31 properties.
The 31 percent is much weaker than the overall Sydney clearance rate of 59 percent which has been showing improvements recently.
There are still seven unreported results from the Shire yet to be added to the tally.
<img src="https://www.urban.com.au/images/2018/8/27/Sutherland%201.JPG" alt="">
The 3 Loretta Avenue, Como (pictured above) offering was passed in at auction.
The five bedroom three bathroom home has $1.6 million hopes.
The 563 sqm holding last sold in 2009 for $450,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%203.JPG" alt="">
The 60 Siandra Drive, Kareela (pictured above) offering which was passed in without price disclosure.
The four bedroom two bathroom home has been listed $1,149,000 hopes
The 618 sqm holding is currently listed by Stuart Castle Real Estate.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%204.JPG" alt="">
The 45 Raglan Road, Miranda (pictured above) was passed in with no price disclosure.
The five bedroom three bathroom home had $2.3 million hopes.
The 792 sqm holding last sold in late 2003 for $660,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%205.JPG" alt="">
The 140 Holt Road, Taren Point (pictured above) offering which was passed with no bids.
The four bedroom two bathroom home has a price guide of $1.15 to $1.25 million
The 637 sqm holding last sold in 2002 for $430,000.
<img src="https://www.urban.com.au/images/2018/8/28/Sutherland%206.JPG" alt="">
There was a sale, 9B Edinburgh Crescent, Woolooware (pictured above) for $1,290,000.
The three bedroom one bathroom home was sold by Purplebricks NSW agent Joshua Singer.
The 655 sqm holding sold after just 30 days on the market.
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j.ballantyne1990-6AQqhLzZaK

Sutherland Shire auctions didn't fare well for weekend offerings

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The Sydney hoarder’s house, deplete of the mummified body found earlier this year, sold at weekend auction for $2.07 million.
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The result was $270,000 above the $1.8 million reserve for the Greenwich offering.
The purchasers of <a id="x_mcntLPlnk337040" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-greenwich-128954682" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">31 Greendale Street</a> were an expatriate family in Singapore who beat off keen bidding from a young Marrickville couple.
There are plans to initially renovate and rent it out until it is knocked down.
The skeletal remains of a suspected murder victim Shane Snellman were found rolled in carpet inside a bedroom in June with police revealing the corpse had likely been there for at least a decade.
The owner Brian Roberts, who died of a heart attack last year, had bought the freestanding double-brick house on its 557-square-metre block, in 1991 for $200,000. 
The police theory was Snellman, who had suffered several injuries, was trying to rob the house when Roberts killed the intruder.
The Sunday Telegraph reported the notoriety, cobwebs, peeling paint, disgusting kitchen and mouldy bathroom was no discouragement for the 11 registered buyers.
Domain suggested it was like a macabre museum exhibit.
Sydney's top sale was nearby when <a id="x_mcntLPlnk514211" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-greenwich-128928586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Vista Street, Greenwich </a>sold pre-auction for $3.55 million.
Built in 1935 by architect, Nigel Ashton, the home had been by the same family for 83 years.
It came with views of the harbour bridge and the city skyline. 
Sydney's highest sale under the hammer result was at Willoughby where $3,265,000 was paid for <a id="x_mcntLPlnk24636" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-willoughby-128925434" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">3 Hollywood Crescent</a>.
It was a 1930s bungalow last sold at $1.95 million in 2009.
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There were 717 auctions held in Sydney returning a preliminary clearance rate of 59.1 per cent. One year ago, 832 auctions were held and the clearance rate came in at 67.4 per cent.
In Melbourne, a preliminary auction clearance rate of 58.6 per cent was recorded across 898 auctions on the weekend. This time last year, 1,124 auctions were held, returning a clearance rate of 72.3 per cent.
<img src="https://www.urban.com.au/images/2018/8/27/CoreLogic%20Greenwich.JPG" alt="">
Melbourne's top sale was also secured ahead of its Saturday scheduled auction, a South Yarra home renovated under the guidance of INARC design.
It was the $6.25 million sale of <a id="x_mcntLPlnk447497" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-128158838" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">23 Airlie Street, South Yarra</a>, which had an asking price of $8.25 million earlier this year.
It had been listed this time with $6.5 million hopes through RT Edgar. 
Under the hammer, Melbourne's top result was in Camberwell when <a id="x_mcntLPlnk615615" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/12-derby-street-camberwell-vic/property-details-sold-residential-12017091/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">12 Derby Street</a> sold for $3.8 million through Jellis Craig.
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The indicative selling price had been $3,500,000 to $3,800,000 for Gladstone Villa, a graceful four bedroom 1889 Victorian residence.
Not far away a 1930s Canterbury changed hands for $1.91 million for the first time after competition between five bidders at its Kay &amp; Burton auction.
Given its one family ownership, Laurel-Leigh, the heritage-protected three-bedroom home <a id="x_mcntLPlnk376881" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/26-maysia-street-canterbury-vic/property-details-sold-residential-12021336/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">at 26 Maysia Street</a>, came with intact lead lighting, stucco walls, ornate ceilings, terrazzo flooring and bow window.
Its pre-auction price guidance was $1.7 million to $1.8 million.  
There were five bidders.
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On the latest weekend of winter, CoreLogic calculated 1,909 homes were taken to auction across the combined capital cities, up from 1,684 over the previous week. 
"Auction volumes have slowly started to increase over the last couple of weeks however current volumes remain lower than this time last year when 2,270 auctions were held," Corelogic auction analyst Kevin Brogan noted.
"Through winter, the number of homes taken to auction has been tracking roughly 20% lower than a year ago, highlighting a substantial weakening in vendor confidence driven by the softer housing market conditions and consistently lower clearance rates."
Preliminary results show a clearance rate of 57.9 percent this week, increasing from last week’s final clearance rate of 53.3 per cent, although this will revise as the remaining results are collected. 
Over the same week last year the final clearance rate was 68.3 percent.
Canberra's 66.7 percent weekend clearance rate result was the top selling capital city.
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Greenwich tops Sydney weekend auctions

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Four bidders triggered a $1.16 million sale price for an inner Sydney dump on the weekend.
<a id="x_mcntLPlnk129869" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-erskineville-128913286" target="_blank" data-auth="NotApplicable">The Erskineville blank canvas</a> at 48 Charles Street (above and below) was on the market for the first time in 30 years.
It attracted an opening bid of $900,000 below its $1 million pre-auction price guidance. 
<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/2018/8/20/erk2.jpg" alt="">
"Discover the infinite possibilities to design a contemporary abode enhancing its heritage facade, high ceilings and original floor boards," the Ray White marketing pitch advised.
With side and rear lane access, there was potential to build a second level as have neighbouring homes.
The Daily Telegraph recently suggested there was a dwindling supply of inner city fixer uppers.
But there is another opportunity just a few doors further along.
The home at <a id="x_mcntLPlnk73234" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-erskineville-128974286" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">86 Charles Street</a> (below) goes to auction September 1.
<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/2018/8/20/erk3.jpg" alt="">
The home has significant uneven floors, ceiling damage and peeling walls.
Its LJH auction guide is $800,000 to $850,000, the first time offered in 48 years.
<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/2018/8/20/erk4.jpg" alt="">
"Hip village cafes, delicious dining spots and city trains are within a stone's throw of its door," the marketing says.
In Melbourne, one of Fitzroy’s last remaining unrenovated terraces, albeit habitable, sold after two bidders sought out the renovation opportunity.
Broxbourne House, <a id="x_mcntLPlnk400359" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/427-george-street-fitzroy-vic/property-details-sold-residential-12007504/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">at 427 George Street</a> (below, has been continually occupied by one family for 100 years.
<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/2018/8/20/brix1.jpg" alt="">
Bidding kicked off with a $1.05 million vendor bid with Domain reporting the home sold to a couple intending to relocate from an apartment in Collingwood for $1.15 million.
Its price guidance had been $1.05 million to $1.15 million through Nelson Alexander.
<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/2018/8/20/brix2.jpg" alt="">
Sydney's top weekend auction sale was 12 Haughton Street, Linley Point which fetched $5.35 million pre-auction.
<a id="x_mcntLPlnk374804" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-linley+point-128879810" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The five bedroom, three bathroom house</a> was sold after eight days on the market with $5 million to $5.5 million price guidance through McGrath.
It had last sold in 2015 at $4.7 million.
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<div class="x_mcntcolumn">There were 572 auctions held in Sydney, the busiest week since July 2018, returning a preliminary clearance rate of 56.5 per cent. </div>
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In comparison, there were 458 auctions held over the previous week and the final auction clearance rate was 53.8 per cent. 
One year ago, 720 auctions were held and the Sydney clearance rate came in at 67.8 per cent.
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Melbourne's top sale was $3,805,000 for 9 Wallace Grove, Brighton.
The Brighton home was tipped to sell for between $3.3 million and $3.63 million by its Buxton listing agency.
<a id="x_mcntLPlnk417697" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/9-wallace-grove-brighton-vic/property-details-buy-residential-12005364/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The once grand four bedroom Californian bungalow</a> sits on a 920sqm land holding.
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In Melbourne, a preliminary auction clearance rate of 55.7 per cent was recorded across 868 auctions. Last week there were 721 auctions returning a final clearance rate of 58 per cent.
One year ago, the clearance rate was a stronger 75.6 per cent across 1,001 auctions.
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Brisbane had the highest volume of auctions in the other capital cities with 103 homes going under the hammer, returning a strong preliminary clearance rate of 60 per cent.
There were 1,692 homes taken to auction across the capital cities this weekend, returning a preliminary auction clearance rate of 56.7 per cent, making it the busiest week for auctions since June 2018. 
Last week, 1,402 auctions were held and the final clearance rate came in at 54.9 per cent. 
Over the same week last year, auction volumes were higher with 2,064 homes going under the hammer across the combined capital cities and the clearance rate was a stronger 69.8 per cent, CoreLogic noted.
Units outperformed houses with 58.5 per cent of units selling at auction, while 56 per cent of houses sold across the combined capital cities.
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Erko dump fetches $1.1 million

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The professional surfer Wade Goodall and wife Jane were among the many vendors who pulled their property from weekend auction, as the auction sales wipeout continues.
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The couple are seeking buyers for their Byron Bay hinterland home having recently secured a larger block just nearby to build a new house.
McGrath Ballina agent Braden Walters had a pre-auction guide of between $1,075,000 to $1.15 million for the modern<a id="x_mcntLPlnk717244" href="https://www.realestate.com.au/property-house-nsw-bangalow-128745214" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> Bangalow cottage.</a>
Wade, who is an ambassador with surf fashion label Vans, spent $300,000 in 2014 on the Palm-Lily Crescent building block.
Set some 13 kilometres inland from the coast, their classic Queenslander style home has three bedrooms, two bathrooms and a study nook.
Sydney accounts for the biggest number of withdrawn auction property.
Domain put weekend withdrawals totalling 95 properties on the weekend with 58 in Sydney.
Over the past month, CoreLogic calculate around 20 percent of auction stock has been withdrawn from auction across Sydney, as wave of buyer enthusiasm wanes.
There were 1,316 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 56.2 per cent, according to CoreLogic. 
Auction volumes were down from last week when 1,536 auctions were held, however the preliminary clearance rate edged higher than last week’s final clearance rate which was 55.6 percent. 
Over the same week last year, auction volumes were higher with 1,857 homes returning a clearance rate of 68.2 per cent.
Melbourne's dearest house sale was $3.88 million at Fitzroy North through Jellis Craig. The 1891 home on 584 sqm is known as Moss Vale which last sol in 1977 at $100,000. The <a id="x_mcntLPlnk485410" href="https://www.realestate.com.au/property-house-vic-fitzroy+north-128812842" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">225 McKean Street offering</a> had come with a $3.4 million to $3.7 million price guide, based on the recent $3.8 million sale at 25 McKean Street, an unrenovated home on 600 sqm.
Two families pushed up the bidding to $3.8 million, when the property was declared on the market.
There was a third bidder at the auction, which was over in three minutes
Melbourne's dearest sale was a development site at 71-73 Beddoe Avenue, Clayton which was listed with $3.4 million to $3.74 million hopes. With two original three bedroom houses on an expansive 1483 sqm lot, it fetched $4,258,000.
In Melbourne, a preliminary auction clearance rate of 57.9 per cent was recorded across 628 auctions, down slightly from 58.5 per cent across 802 auctions on the last weekend in July. 
One year ago, the Melbourne clearance rate was a stronger 73.9 per cent across 911 auctions.
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Melbourne had the cheapest sale across the country when a $280,000 pre-auction offer was accepted in Ormond for a one bedroom apartment. Last sold at $112,000 in 1999, <a id="x_mcntLPlnk207438" href="https://www.realestateview.com.au/real-estate/11-50-lillimur-road-ormond-vic/property-details-sold-residential-11981124/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11/50 Lillimur Road</a> had recently been a $280 a week rental.
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It had been listed with $250,000 to $270,000 price guidance through Woodards.
There were 456 auctions held in Sydney, the fourth consecutive week where Sydney has been host to less than 500 auctions, returning a preliminary auction clearance rate of 56.1 per cent.
One year ago, 620 auctions had a clearance rate of 66.4 per cent.
Sydney's highest sale was <a id="x_mcntLPlnk169078" href="https://www.realestate.com.au/property-house-nsw-bronte-128797482" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">5 Alfred Street, Bronte</a> at $4,116,000. The deceased estate executors were flexible on their $4.2 million price expectation.
Adelaide had the weekend's best performing clearance rate with a 73.2 per cent success rate across 56 auctions.
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Weekend auction withdrawals signal low buying interest

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The longtime home of the boxing legend Johnny Famechon at Frankston South sold before its scheduled weekend auction.
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The boxing hall of fame inductee’s home (top) came <a id="x_mcntLPlnk84713" href="https://www.realestateview.com.au/real-estate/9-wandana-crt-frankston-south-vic/property-details-sold-residential-11910624/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">with $1.2 million to $1.3 million price hopes</a>.
A nearby Mount Eliza buyer put in a strong offer to snap it up on Friday.
It was built in the 1970s with Mediterranean touches, as a family home after Famechon had been crowned world featherweight champ in 1969.
He was inducted in the Australian National Boxing Hall of Fame in 2003, having recorded 56 wins, six draws and five losses over his impressive 20-year career.
There were only a few traces of photographic memorabilia hanging on the walls dating back to the triumphs of the 73-year-old who has been immortalised in a statue at Frankston’s Ballam Park.
Famechon had custom built the four bedroom home on the 2809sq m property, with a pool and tennis court.
Meanwhile the AFL Richmond star Alex Rance sold his Niche, Richmond investment apartment (below.)
The two bedroom pad at 606/120 Palmer Street fetched $678,000, after being announced on the market at $672,000.
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Three bidders competed for <a id="x_mcntLPlnk481375" href="https://www.realestateview.com.au/real-estate/606-120-palmer-street-richmond-vic/property-details-sold-residential-11917587/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">the apartment</a> which Rance bought to liver in after his debut season for $675,000 off the plan in 2009.  
<div>The top floor apartment, with two balconies with district views, had recently been a $580 a week rental.</div>
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<div>The price guidance quoted had been $620,000 to $680,000.</div>
The slow down in offerings continued deeper into winter and school holidays, with a total of 1,400 auctions held across the capital cities, down from the prior week when 1,671 auctions took place.
CoreLogic calculated a preliminary auction clearance of 55.9 per cent, which was up on the previous week’s 52.6 per cent final clearance rate.
"The weighted average has remained within the mid-50 per cent range for each of the last 8 weeks, while one year ago 65 to 70 per cent of homes were selling," CoreLogic auction analyst Kevin Brogan said.
"Although the capital city weighted average is substantially lower than a year ago, auction results are holding stronger relative to the 2010-2012 downturn in home values when the capital city clearance rate held below 50 per cent between mid- 2011 and early 2012," he added.
There were 632 Melbourne homes taken to auction, returning a preliminary clearance rate of 58.2 percent. Last week, 791 auctions were held across Melbourne with a lower 57.2 per cent success rate.
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Melbourne's most expensive result was on <a id="x_mcntLPlnk760746" href="https://www.realestateview.com.au/real-estate/124-stanhope-street-malvern-vic/property-details-sold-residential-11906893/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Stanhope Street, Malvern</a> when a Shanghai buyer paid $2.74 million for a four bedroom home (below).
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The classic 1893 Victorian period home, Hye House had been expected to sell for between $2.6 and $2.8 million.
It last sold at $1,115,000 in 2005.
In Sydney, 55.1 per cent of properties sold, up from last week when final result saw less than half of Sydney homes successful at auction at just 49.7 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/7/9/Cap-Cities-July-9.jpg" target="_blank">to enlarge.</a>
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There were fewer Sydney auctions held this week compared to last, with 544 homes taken to market down from the 634 auctions last week as of final figures.
The highest Sydney weekend sale was <a id="x_mcntLPlnk86675" href="https://www.realestate.com.au/sold/property-house-nsw-cronulla-128615330" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11 Darook Park Road, Cronulla</a>, a likely knockdown home, which sold for $5.8 million.  The four bedroom, three house on Gunnamatta Bay had last sold in 2013 for $3.8 million and $3.2 million in 2008.
Some five of the 11 registered bidders competed for the beachfront on over 1000 sqm. It was the seventh sale on the road above $5 million over the past decade.
Canberra returned the strongest preliminary clearance rate of 64.7 per cent while only 30.8 per cent of homes sold in Perth.
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jchancellor-FAypfDUnLy

Johnny Famechon's Frankston South House sells pre-auction

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The top national result under the hammer was an 1880s Paddngton terrace that fetched $4.35 million.
Located at <a id="x_mcntLPlnk342147" href="https://www.realestate.com.au/sold/property-house-nsw-paddington-128430510" target="_blank">244 Moore Park Road</a>, the five bedroom home (above) had undergone a "luxurious renovation" since sold in 2010 at $1,815,000.
Council records show a $500,000 plus renovation was approved in 2013.
The Phillips Pantzer Donnelley selling agent Catherine Dixon had offered a $4 million buyers' guide.
There was a pool on the 278 sqm block offered by the owners of cosmetic firm the Manse Clinic, John and Naomi Obiri-Asare’
Only one buying party, a Surry Hills family, registered to bid.
In Melbourne the Fitzroy home of singer songwriter, Felix Riebl, a four-level townhouse (just off Brunswick Street, fetched $1.157 million at weekend auction.
Nelson Alexander Fitzroy auctioneer Arch Staver announced the property (below) on the market at $990,000 after a $900,000 opening vendor bid.
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Riebl, who performed in Spain on the weekend while touring Europe, at the Clownia Festival in Cataluyna, had paid $615,000 for his first home, a modern home at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-fitzroy-128582174" target="_blank">327 Young Street</a>, in 2005 shortly after The Cat Empire's second album Two Shoes debuted at No.1 on the ARIA albums chart. 
The auction result on the rental property came after competition between four bidders, according to the Herald Sun. 
He is now looking for a family home, agent Arch Staver advised..
The agency had quoted a $900,000 to $990,000 buyers' guide.
Melbourne's top reported result was nearby when a four bedroom renovated home in Northcote fetched $2.42 million, after being declared on the market at $2.35 million.
The <a href="https://www.realestate.com.au/property-house-vic-northcote-128504190" target="_blank">77 Roberts Street</a> offering (below) was marketed by Jellis Craig as "boasting architect designed interiors."
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The buyers' guidance had been $2.2 million.
Last traded at $550,000 in 2005, three buyers competed for the offering that sits within the Northcote High zone.
Domain advised the nation's weekend's cheapest sale was $351,000 in a pre-auction sale at West Footscray.
The price guidance on the two bedroom unit at 3/705 Barkly Street (below), listed through Galldon Real Estate, had been $315,000 to $346,000.
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It had been advertised as a $290 a week rental in 2016. It sold at $300,000 in 2010 when offered as a $280 a week rental.
The last week of June saw fewer homes taken to auction, as the vendor hibernation continues.
CoreLogic calculated 1,669 auctions held across the combined capital cities, down from the 1,849 held over the week prior.
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The preliminary clearance rate sat nationally at 56.7 per cent.
The year-to-date average of 60.5 per cent was a "very different result to the first half of 2017," CoreLogic auction analyst Kevin Brogan said.
There had been a 72.5 per cent success rate over the corresponding six month period last year.
"The 2018 auction market so far has demonstrated the weakening property market, with the success rate of auctions continuing to fall through the first half of the year; returning the lowest weekly clearance rates seen since 2012 as property values decline in turn," he said.
The unit market over the first six months of 2018 sat at 65.1 per cent; maintaining strength over the dearer detached house market where an average of 59.5 per cent of houses were sold in the past six months.
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There were 795 Melbourne homes taken to auction this week, returning a preliminary auction clearance rate of 60.3 per cent.
Sydney’s preliminary clearance rate was 56.4 per cent with 631 auctions held. 
Canberra was the best performing in terms of clearance rate with 65.6 per cent of auctions successful, while only 25 per cent of auctions cleared across Perth.
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Paddington tops weekend auction results with weakening continuing across the capital cities

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The former Olympic team chef de mission, Kitty Chiller, sold her East Melbourne property, but only after negotiations followed its weekend auction.
The two-bedroom townhouse attracted just the one bidder, an increasing trend at auctions across the capital cities.
Listed with $1.75 million to $1.925 million guidance, Gary Peer agents Adam Paykel and Darren Krongold sold the 1975-built property after it was passed in at $1.66 million.
The sale price was not disclosed.
<a id="x_mcntLPlnk582999" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-townhouse-vic-east+melbourne-128464106" target="_blank">The Hotham Street property</a> (top) had been tenanted for 16 years having been in her family since 1981 when it cost $128,000, The Herald Sun reported.
Even with four registered bidders, there were post-auction negotiations needed to secure a $2,425,000 Drummoyne sale in Sydney.
The three bedroom <a id="x_mcntLPlnk17429" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-nsw-drummoyne-128461950" target="_blank">9/68a-70 St Georges Crescent </a>penthouse (below) had been passed in at $2.3 million. The price guide had been $2.35 million.
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Lynsey Kemp, of Belle Property negotiated a post-auction sale to a buyer from Hong Kong who plans to use the property as a Sydney base.
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The highest preliminary clearance rate was again recorded in Adelaide where 68 per cent of the 50 reported auctions were successful, followed by Canberra, where 65.2 per cent of the 46 reported auctions cleared.
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There was an unusual auction occurrence when a Watson house sold for $761,000 under no-reserve auction conditions with the proceeds going to charity.
<div>There were 25 registered bidders when an original 1960s Canberra red brick home which had a staggering 45 contracts issued during the Ray White campaign.</div>
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<div>Local Canberra man Lionel Moore, who passed away in March, willed his home to the children’s cancer charity, Camp Quality.</div>
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<div>The 664sq m property at <a id="x_mcntLPlnk952191" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-act-watson-128495578" target="_blank" rel="noopener noreferrer">5 Harding Street, Watson</a> (below) had been owned by Mr Moore for more than five decades.</div>
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The preliminary national clearance rate sat at to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent. 
Auction volumes were lower over the week with 1,842 homes taken to auction across the capital cities, down from 2,002 last week as the winter hibernation sets in.
Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent. Over the same week last year, there were 1,047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.
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There were 635 auctions held in Sydney returning a preliminary auction clearance rate of 55.3 per cent. 
"This time last year, 68.2 per cent of the 939 auctions held were successful," CoreLogic auction analyst Kevin Brogan noted.
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<div>The nation's top seller was a pre-auction sale at Turramurra in Sydney's upper North Shore (below).</div>
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The double brick residence designed and built by Chateau Architects and Builders for its 1220sqm level block at <a id="x_mcntLPlnk484337" class="x_mcntx_mcntOWAAutoLink x_mcntOWAAutoLink" href="https://www.realestate.com.au/property/29-trentino-rd-turramurra-nsw-2074" target="_blank" rel="noopener noreferrer">29 Trentino Road</a> sold for $4.3 million through Di Jones Real Estate.
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Top weekend sale in Sydney as Adelaide and Canberra auctions strong

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Tiny offerings were popular at weekend auctions with big prices outlaid. 
A New York-style studio pad in St Kilda, with compact vogue styling, fetched $346,000.
The chic studio at <a id="x_mcntLPlnk990290" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-st+kilda-128431886" target="_blank" title="www.realestate.com.au">18/33 Grey Street </a>(top) had a $220,000 plus price guide with a $240,000 reserve.
The 46 sqm studio space has been a $290 a week rental.
It last sold at $140,000 in 2003.
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In Sydney a one-bedroom harbour front apartment in Kirribilli sold for $1,875,000 (below).
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Listed for the first time in more than 50 years, the 60 sqm apartment, with sunroom, last sold for about £8000.
The <a id="x_mcntLPlnk302195" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-apartment-nsw-kirribilli-128440198" target="_blank">2/11 Waruda Street offering</a> in The Venetian had a panorama encompassing the Harbour Bridge and Opera House.
There were 701 auctions held in Sydney returning a preliminary auction clearance rate of 55.8 per cent. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/18/cap-june18.jpg" target="_blank">to enlarge.</a>
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Sydney's highest sales included <a id="x_mcntLPlnk884472" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-cremorne-128387406" target="_blank" rel="noopener noreferrer">50 Ellalong Road, Cremorne</a> (below) which is reported to have sold for $4,125,000.  
The brick four bedroom 1930s Art Deco house on 720sqm has polished timber herringbone floors, high ceilings, large bay windows and ornate period lead light window.
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The highest preliminary clearance rate was recorded in Adelaide where 72.7 per cent of the 44 reported auctions were successful.
In Melbourne the Australian cricketer Peter Siddle sold his Parkville investment at weekend auction securing some $120,000 above his reserve.
The two-bedroom pad at <a id="x_mcntLPlnk291489" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-parkville-128413806" target="_blank" rel="noopener noreferrer">202/228 The Avenue</a> came on the market with its first bid of $900,000.
Bidding swept past the reserve, with the second floor offering knocked down at $1 million to one of the two downsizer bidders (below). It sold to an owner occupier in her 50s.
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Siddle had lived in Arcadia, the Fender Katsalidis-designed apartment set on the fringe of the Royal Park Golf Course for four or five years after purchasing it in December 2008.
“We were training at the MCG back then," the bowler told the Sunday Herald Sun.
"The access to the airport and with all the parks around it’s a nice area to be in,” he said.
The Parkville apartment last sold for $575,000 in late 2008, reflecting six percent annual price growth. It features two bedrooms, two bathrooms and a large open-plan layout that flows to a balcony overlooking parkland.
The agent Lou Rendina had been quoting $800,000 to $880,000 for the flat that had been last available to rent when advertised at $560 a week in 2013.
Siddle and wife Anna Weatherlake are currently building in bayside Black Rock.
In nearby Hampton, the childhood home of Shane Warne was passed in at auction when offered for the second time in less than 18 months (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/2018/6/18/warne.jpg" alt="">
The auction only saw vendor bids that topped out at $1.45 million for the three-bedroom house at <a id="x_mcntLPlnk29603" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/229-thomas-street-hampton-vic/property-details-buy-residential-11870149/" target="_blank" rel="noopener noreferrer">229 Thomas Street, Hampton</a>.
The bungalow was bought as an investment for $1.55 million after it passed in at April auction last year. It has been rented since at $1000 a week. 
Nick Johnstone agent Alan McGillivray said an offer matching the vendor bid had been received, but no sale had yet been achieved.
Its price guidance was $1,350,000 to $1,485,000.
It’s where the spin king spent his first years before relocating with parents Keith and Brigitte in 1976, aged seven.
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Melbourne was the busiest city for auctions, with 988 homes going under the hammer, returning a preliminary clearance rate of 58.7 per cent.
Kevin Brogan, the CoreLogic auction analyst noted over the same week last year, there were 1,129 auctions held in Melbourne, returning a clearance rate of 71 per cent.
National auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend.
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The preliminary national clearance rate was 56.9 per cent this week. 
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<h2>Auction highlights this week</h2>
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<td>Saturday, 16 June 2018 </td>
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<table style="width: 567px; height: 343px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City </th>
<th colspan="2">Location </th>
<th>Value Sold </th>
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Most expensive
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<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">36 Windsor St, Paddington NSW 2021, 4 br House, PPD</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,280,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">42 Mayston St, Hawthorn East VIC 3123, 4 br House, Marshall White Boroondara</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$3,200,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">10 Elderslie Av, Fitzroy SA 5082, 5 br House, Klemich Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,426,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">282 Kent St, Teneriffe QLD 4005, 4 br House, Ray White Rural</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$2,125,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">7A Elder St, Braddon ACT 2612, 4 br House, LJH Dickson</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,450,000</td>
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Most affordable
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<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">11/56-58 Warialda St, Kogarah NSW 2217, 1 br Unit, ELD</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$490,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">907/18 Mt Alexander Rd, Travancore VIC 3032, 2 br Unit, Pagan</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$292,500</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">82A Clairville Rd, Campbelltown SA 5074, 3 br House, BP Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$356,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">8 Margaret St, Rochedale South QLD 4123, 3 br House, R&amp;H</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$440,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">2 Dallachy Pl, Page ACT 2614, 2 br House, RW Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$425,000</td>
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 SOURCE DOMAIN
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Tiny spaces getting big prices at weekend auction

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A five-bedroom home in Manly fetch $9.71 million, the weekend's top result, when national auction levels hit all time highs in the pre-Easter sales rush.
The home at <a id="x_mcntLPlnk935992" href="https://www.realestate.com.au/property-house-nsw-manly-127729154" target="_blank" rel="noopener noreferrer">67 Bower Street</a> (pictured above), one of nearly 1100 to go under the hammer in Sydney on the biggest auction day so far of the year, sold for close to $2 million above the reserve.
Clarke &amp; Humel agents Michael Clarke and Cherie Humel indicated two buyers were especially keen.
There were six bidders registered, with four active after bidding started at $7 million for the house built in the style of a resort-like Mediterranean luxury villa.
Across the harbour, the prominent Sydney restaurateur Kingsley Smith and hotelier wife Natasha Stanley secured $8.45 million when their Vaucluse home went to auction.
The couple paid $5.01 million for the home in 2014. 
<a id="x_mcntLPlnk396873" href="https://www.realestate.com.au/property-house-nsw-vaucluse-127724238" target="_blank" rel="noopener noreferrer">The Vaucluse property</a> was custom-built by architect Ian Poole for former owners, with six bedrooms, separate guest accomodation, a study and a heated infinity edge swimming pool amid manicured gardens. 
McGrath Group had a guide of $8 million.
There was also a strong result in Sydney's inner west, where a six-bedroom Strathfield home on 1,359 square metres fetched $5.9 million.
The <a id="x_mcntLPlnk99289" href="https://www.realestate.com.au/property-house-nsw-strathfield-127692802" target="_blank" rel="noopener noreferrer">64 Redmyre Road, Strathfield</a> sale was $600,000 above reserve through Strathfield Partners agents Robert Pignatoro and Vanessa Kim.
The property had failed to sell in a campaign with other agents last year.
There’d been eight groups register, with The Sunday Telegraph reporting a local Chinese family were the successful purchasers with a local Vietnamese family the underbidders.
CoreLogic calculated the total of 3,967 auctions held across the combined capital cities exceeded the previous highest week on record - the week ending 30 November 2014 when 3,908 auctions were held. 
Sydney's preliminary clearance rate stood at 66.2% based on the initial 1037 reported results.
Click here <a href="https://www.propertyobserver.com.au/images/2018/3/26/caps.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/2018/3/26/caps.jpg" alt="">
The weekend's cheapest sale was a one bedroom at 16/57 Kingsville Street, Kingsville in Melbourne's inner west.
<a id="x_mcntLPlnk166431" href="https://www.realestate.com.au/property-apartment-vic-kingsville-127744142" target="_blank" rel="noopener noreferrer">The updated top floor, second level 1970s apartment</a> sold for $247,000. Its price guidance had been $210,000 to $230,000.
It last sold in 2002 at $110,000. It had been a $240 a week rental until recently.
There was <a id="x_mcntLPlnk973418" href="https://www.realestate.com.au/property-house-vic-toorak-127690274" target="_blank" rel="noopener noreferrer">a $5.8 million Toorak sale</a> which was among the top Melbourne results.
The 725 square metres lot at 27 Linlithgow Road came with the option to complete the somewhat progressed luxury two apartment Tudor style re-development or start again on a single home. The price guidance has been $4.2 million to $4.6 million.
The owners were going to live upstairs and sell downstairs, but a dispute unfolded between them and the builder, resulting in work stopping around a year into the construction.
Four of the six bidders were Chinese with local residency. The buyer was a high net worth Chinese buyer, who lives in Toorak. 
A converted Fitzroy church hall at <a id="x_mcntLPlnk564346" href="https://www.realestate.com.au/sold/property-house-vic-fitzroy-127733910" target="_blank" rel="noopener noreferrer">182 Fitzroy St </a>— which featured as the home in Guy Pearce's TV drama Jack Irish — sold for $2,446,000 bettering its reserve by $446,000.
There had been $1.9 million to $2 million price guidance for the gold-rush-era Independent Hall which has served as a church, Aboriginal mission, kindergarten and film set.
Since 1973, it’s been a home, Nelson Alexander agent Rick Daniel said.
"Across Melbourne, a total of 2,078 homes were taken to market across making it a record busiest week in CoreLogic history; surpassing the previous record over the week ending 29 October 2017 when 1,983 auctions were held," Kevin Brogan, the CoreLogic auction analyst said.
Melbourne's preliminary auction clearance rate fell with these higher volumes to 67%, down from the previous week's 68.7%.
Canberra had the nation's highest preliminary auction clearance rate at 73.8%, based on the results of 107 of the 129 scheduled auctions. 
Canberra's top sale was <a id="x_mcntLPlnk182442" href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/16-hampton-circuit-yarralumla-canberra/1317500654011" target="_blank" rel="noopener noreferrer">a luxury Yarralumla residence</a> designed by architect Paul Tilse.
Its land value was put at $937,000 with a single level solar passive contemporary home that has a 6 out of 6 star energy rating. 
It was constructed in 2016 by builders Sutton and Horsley in the grounds landscaped by Foxy's Landscapes.
Brisbane reported a 49.2% preliminary clearance rate with 194 scheduled auctions, down from the final figure of 51.9% over the prior weekend.
Brisbane's cheapest sale was $320,000 in Hamilton. The 1/104 Windermere Road offering was last sold at $38,000 in 1980.
The Ray White selling agent Guy Horsley said the vendor was moving to a retirement home.
<a id="x_mcntLPlnk71733" href="https://www.raywhite.com/qld/hamilton/1841929/?lang=en" target="_blank" rel="noopener noreferrer">Set in a block, Coniston of only four units</a>, it came with three bedrooms and one bathroom with lock up car accommodation, with 125 square metres living space.
Adelaide's 67.3% success rate, with 143 scheduled auctions, was the second best across the capital cities.
But it was below the previous week's preliminary 69.7% figure which ended with a final revised tally of 64.3%.
Adelaide prices ranged from $395,000 at Trott Park to $1.62 million at Norwood.
The three bedroom sandstone <a id="x_mcntLPlnk273668" href="https://www.realestate.com.au/property-house-sa-norwood-127798658" target="_blank" rel="noopener noreferrer">105 George St, Norwood</a> offering through Toop &amp; Toop had been in the same family for six decades.
The four bedroom split level <a id="x_mcntLPlnk409846" href="https://aldinga.ljhooker.com.au/house-in-trott-park-sa-5158-au-ptgfd4#.Wra7d60ZPq0" target="_blank" rel="noopener noreferrer">46 Hessing Crescent, Trott Park</a> offering had come with $350,000 price guidance.
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Manly scores weekend top result in pre-Easter auction rush

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Weekend auction results saw the $110,000 sale of a deconsecrated church in central Victoria.
The property at <a id="LPlnk938245" href="https://www.realestate.com.au/sold/property-house-vic-tarnagulla-127515190" target="_blank" rel="noopener noreferrer">57 Stanley Street, Tarnagulla</a> was the 1911-built St Francis Xavier's Catholic Church.
The imposing brick property - suitable for residential conversion or artist's studio - was auctioned by Maryborough Ballarat Real Estate, then the furniture contents got sold off.
Located 180 kms northwest of Melbourne, the former congregation, and auction attendees, was made up mostly of people from Tarnagulla, together with nearby Newbridge, Laanecoorie and Murphys Creek.
"Many in attendance, one bidder congratulations, an absolute bargain," selling agent Kate Ashton told her social media followers.
Back in Melbourne's east, it seems the sellers of a $9.01 million Hawthorn home were blessed with good fortune.
Their sale of a six-bedroom mansion on Scotch Hill topped weekend auction results (above and below).
With competition from five bidders, the home at <a id="LPlnk726987" href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-127488690" target="_blank">42 Berkeley Street</a> was announced on the market at $8.675 million.
It came with tennis court and indoor pool.
<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/2018/3/5/hawt2.jpg" alt="">
It sold to a family from Carnegie, Marshall White agent Chris Barrett told The Herald Sun.
Buyers had been advised an $8 million to $8.8 million price guide on the house on 1400 sqm which last sold in 2010 at $6.05 million.
Sydney's top sale when a four bedroom Longueville house fetched $7.41 million.
The three level <a id="LPlnk960881" href="https://www.realestate.com.au/property-house-nsw-longueville-127473906" target="_blank">65 Arabella Street</a> non-habourfront property (below) with water and bridge views had the two bidders.
<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/2018/3/5/long.jpg" alt="">
Mosman went close when $7.2 million was secured by the businessman Malcolm Coutts, former CEO of Ronald McDonald House, and wife Melissa.
Its price expectations were reportedly about $8 million for <a id="LPlnk799174" href="https://www.realestate.com.au/sold/property-house-nsw-mosman-127474938" target="_blank" rel="noopener noreferrer">the Mandalong Road mansion</a> auctioned through Richardson &amp; Wrench Mosman agent Kirsty Freyer.
The nation's cheapest weekend result was a three bedroom townhouse south of Brisbane.
The <a id="LPlnk904598" href="https://www.realestate.com.au/property-townhouse-qld-mount+warren+park-127394698" target="_blank" rel="noopener noreferrer">5/15 Lane Court Mount Warren Park</a> property fetched $180,000, less than its last $290,000 sale price in 2010.
It was a mortgagee sale in a gated estate near Beenleigh.
CoreLogic reported national auction markets soften over the past week, recording a preliminary clearance rate of 65.9 per cent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/3/5/corelogic.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/2018/3/5/corelogic.jpg" alt="">
There were 2,980 homes taken to auction across the combined capital cities this week, while last week, 3,313 auctions were held and the final clearance rate came in at 66.8 per cent.
Over the same week last year, auction volumes were slightly lower with 2,907 homes going under the hammer across the combined capital cities, with the clearance rate was a stronger 74.6 per cent. 
"Units outperformed the house market this week with 67.6 per cent of units selling at auction, while 65.1 per cent of houses sold across the combined capital cities," Kevin Brogan, auction analyst at CoreLogic noted.
Brogan noted the greatest gap was in pricey Sydney, where 70.9 per cent of apartments sold compared with 64.7 per cent of houses.
There were 1,044 auctions held in Sydney over the past week returning a preliminary auction clearance rate of 66.9 per cent, compared to 65.1 per cent across 1,259 last week, and 76 per cent across 950 auctions one year ago. Of the 785 weekend offerings the tally sat at around 62 percent.
The Sydney region with the highest preliminary clearance rate was the eastern suburbs at 77 percent from 142 results. 
The Northern Beaches dropped back to 69 percent after two weeks above 80 percent.
Of the regions with more than 20 sales collected, the South West again returned the lowest preliminary clearance rate at 45 percent, Brogan noted. 
In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 67.3 per cent was recorded across 1,523 auctions this week, down from 70.6 per cent across 1,606 auctions last week.
"One year ago, the clearance rate was a stronger 78.4 per cent across 1,459 auctions," Brogan advised.
In Melbourne, houses held the stronger market with 67.7 per cent finding buyers compared to a 66.5 per cent rate for apartments.
There was <a id="LPlnk202" href="https://www.realestate.com.au/property-house-vic-williamstown-127393002" target="_blank" rel="noopener noreferrer">a $4.75 million Williamstown sale</a> with waters views from its 970 sqm Esplanade position (below).
The home had a pre-auction price estimate of $3.8 million to $4.1 million. 
It was marketed as having subdivision redevelopment potential by selling agent Leigh Melbourne at Greg Hocking Elly Partners.
Canberra was the best performing capital in terms of clearance rate with a 70.8 per cent success rate.
Canberra's top sales included $2.1 million in Griffith (below).
The <a id="LPlnk732104" href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/4-grant-crescent-griffith-canberra/1317485933011" target="_blank">4 Grant Crescent home</a> was marketed as "beautiful Old Canberra home of charm and comfort."
<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/2018/3/5/canb.jpg" alt="">
Its land value was $1.1 million.
It features entry hall, spacious lounge with high battened ceilings, open fireplace, large functional kitchen, and sunny family room with wonderful garden outlook from its many windows. 
It had three good sized bedrooms and a study.
A modern townhouse at Kingston designed by the Sydney architects Marchese Partners fetched $2.8 million.
The three bedroom offering at <a id="LPlnk746158" href="https://www.realestate.com.au/property-house-act-kingston-127542130" target="_blank" rel="noopener noreferrer">84 Dawes Street </a>was built seven years ago.
Adelaide was next strongest weekend auction capital city at 68 percent.
A three bedroom brick house in Ottoway was Adelaide's cheapest sale.
The <a id="LPlnk659734" href="https://www.realestate.com.au/sold/property-house-sa-ottoway-127470970" target="_blank" rel="noopener noreferrer">88 May Terrace home</a>, some 20 minutes north of the CBD, fetched $335,000.
There were just a handful of Tasmanian weekend auctions.
Sales included a Newstead three bedroom, two bathroom home for $406,500.
The <a id="LPlnk566437" href="https://www.realestate.com.au/property-house-tas-newstead-127528610" target="_blank" rel="noopener noreferrer">5 Barrington Court home</a> on a 718 sqm block was built in 1966.
"It would have been a very special home in its time, with quality features including the original parquetry flooring throughout the entry, hallway, and formal living room," the Launceston selling agent Jo Oliver noted.
 
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