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

<html><body>
Signs of reduced feverish buyer intent have emerged at auctions although the Saturday morning auction scene is still a sellers' market. 
There were no registered bidders when a Holland Park West, Brisbane offering was put to weekend auction, suggesting the market may be edging towards the buyers' advantage.
<a href="https://www.realestate.com.au/property-house-qld-holland+park+west-124989542"></a><a href="https://www.realestate.com.au/property-house-qld-holland+park+west-124989542" target="_blank">The three-bedroom, one-bathroom cottage</a> was relocated to its current location in 1929, when moved from Kangaroo Point to make way for the Storey Bridge.
The Place Bulima agent Shane Hicks said interest had been good from first homebuyers, investors and developers who’d like to knock the house down.
But with no registered bidders, the auction was over as soon as it began, The Courier Mail reported.
<div>
Domain's chief economist Dr Andrew Wilson was cautious on the nation's weakened weekend results.
"It may be easing," he told The Australian Financial Review while adding he would like to see more data before saying we've just seen the top.
Dr Wilson said that the overall market direction would centre on the cost of mortgages.
"I think interest rates are the key," he said.
The national weekend clearance rate of 72.1 was still well up 69.7 per cent in the same time last year, CoreLogic data indicate.
The top auction sale across the country took over an hour to secure at Toorak.
There were the three bidders for the property which was announced on the market at $5 million.
</div>
Auctioneer Justin Long sold <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-124977254" target="_blank">13 Toorak Avenue, Toorak</a> for $5,733,000. The offering last sold in 1986 at $493,000.
Sydney's top sale was $5.4 million in Strathfield - $900,000 over its reserve price.
<a href="https://www.realestate.com.au/property-house-nsw-strathfield-125082646" target="_blank">The four bedroom home on a 929sqm block</a> located on Strathfield's Golden Mile was marketed by Devine agent Aaron Papadimatos as a rebuild opportunity. 
It is on the same street where the $8.41 million suburb record was paid last year.
In Longueville a four-bedroom home sold for $400,000 over reserve.
Bidding for<a href="https://www.realestate.com.au/sold/property-house-nsw-longueville-125090306" target="_blank"> 26 Dunois Street</a>, opened at $4 million and with four registered bidders, it sold for $5.3 million, well above the $3,975,000, it last traded for in 2015.
Auction activity increased significantly across the combined capital cities this week after last week’s Easter break, with 1,732 homes taken to market and a preliminary clearance rate of 72.1 per cent, down from 73.9 per cent last week across fewer auctions (493).
Melbourne saw the most significant increase in activity, with volumes increasing from 102 last week to 823 this weekend.
It also secured the highest clearance rate of all the capital cities at 76.8 per cent.
Melbourne sales included world road race champion Judith Arnt who sold the Kensington house she has shared with her partner for $903,000.
<a href="https://www.realestate.com.au/property-house-vic-kensington-125057130" target="_blank">The two bedroom</a> single fronted timber period residence sold through Rendina director Lou Rending who said they were upsizing in Kensington.
There were three bidders competing with a young professional couple winning the keys, The Herald Sun noted.
It last sold at $643,500 in 2011.
Both Melbourne's clearance rate and volumes are higher than what was seen over the corresponding week last year, when 69.7 per cent of the 1,565 auctions cleared, according to Kevin Brogan, CoreLogic's auction analyst. 
Melbourne's strongest performer, in terms of clearance rate was the Inner East where 86.2 per cent of these auctions were successful. 
<a href="https://www.realestate.com.au/property-house-vic-surrey+hills-125040026" target="_blank">The 1880s residence Tandarra</a>, a four bedroom home that was once the Surrey Hills Police Station, sold with buying interest from four bidders. The auctioneer Luke Banitsiotis announced the old cop shop on the market at $2,650,000, with it then sold at $2,867,000.
It came with 3.4 metre high ceilings, intricate cornices and ceiling roses, ceiling arches and functional marble fireplaces.
In Sydney, 585 auctions were held this week, up from 279 over the previous week.
The preliminary weekend clearance rate of 75.8 per cent was down from 77 per cent last week and also lower than this time last year, when a clearance rate of 77.4 per cent was recorded across 643 auctions.
A converted community hall in Sydney’s inner west Summer Hill fetched $500,000 over reserve when <a href="https://www.domain.com.au/80-smith-street-summer-hill-nsw-2130-2013477658" title="">80 Smith Street</a>, which was built by The Salvation Army, sold for $2.7 million on Saturday. 
The former hall has served as a family home with adjoining office space, for the past six years since sold at $1.6 million.
Weather had little effect on early autumn auction attendance and consistent record breaking results, the Gerard Partners agency blogged.
"Not the case it would seem with school holidays and holiday weekends, which clearly had an effect on today's auction attendance," the agency advised on Saturday noting with smaller than typical crowds and a mixed bag of results with half of the properties attended being passed in. 
The Ryde region recorded the strongest clearance rate of 95.7 per cent across 29 auctions. 
There were 134 Brisbane auctions this week with a preliminary clearance rate of 45.8 per cent, having increased from 42.3 per cent last week across 32 auctions and higher than one year ago when there were 130 auctions with a success rate of 37.6 per cent.
The most active auction across the country was likely when developers were keen on <a href="https://www.realestate.com.au/property-house-qld-nundah-125041038" target="_blank">the prospects</a> for 79 Bage St, Nundah. 
There were 23 registered bidders battling it out for the four title 1630 square metre holding its two-bedroom colonial home.
The home is likely to be relocated as the site is zoned for multiple houses or multi-unit.
Ray White Ascot agent Damon Warat secured $2.55 million selling to a local developer who will land bank the holding while planning a project.
Adelaide saw a preliminary clearance rate of 64 per cent, with 50 reported results across a total of 98 scheduled auctions.
Adelaide’s previous clearance rate was 67.6 per cent and at 59.5 per cent one year ago. 
Across Canberra a total of 54 auctions were held this weekend, compared to 56 at the same time last year.
Canberra’s preliminary clearance rate of 70.2 per cent was lower than it was the previous week's 75 per cent.
</body></html>

jchancellor-FAypfDUnLy

Buyers hit and miss at post-Easter weekend auctions

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
<div class="wp-caption">
The Block Sky High alumni Bec and George Douros secured the $910,000 weekend sale of the first house they bought together in Melbourne.
Transformed with a recent year-long DIY $100,000 renovation, the 1950s Spotwood weatherboard was bought almost eight years ago for $490,000.
The <a href="https://www.realestate.com.au/property-house-vic-spotswood-124844478" target="_blank">2 Robert Street</a> (above) offering came with a price guide of $850,000 to $900,000 through Jas Stephens, Williamstown, selling agent Mark Hutcheson.
Bec and George, who pocketed $242,000 from their stint on The Block Sky High in 2013, previously subdivided the block to build a townhouse on the site.
The national auction clearance rate nudged higher over the week, at the same time the number of auctions surged to the second highest level this year.
Auction activity across the capital cities increased this week from 2,916 last week to 3,147 this weekend.
It was the largest number of auctions since the last week of February 2017 when 3,301 auctions were held.
This time last year was the Easter long weekend.
The clearance rate across the combined capitals was 77 percent, increasing from 74 percent over the previous week and up from 70.9 percent one year ago.
"Australia’s largest auction markets are continuing to run hot," CoreLogic’s auction commentator Kevin Brogan said.
Sydney saw the highest preliminary clearance rate across the cities at 81.1 percent.
Brisbane and Perth where clearance rates fell.
A total of 1,082 homes were auctioned in Sydney this week, with preliminary results returning a clearance rate of 81.1 percent, the strongest clearance rate for Sydney so far this year.
Last week, across the 1,001 auctions in the city, 76.8 percent of results were successful.
The busiest regions for auctions across Sydney this week were North Sydney and Hornsby (151 auctions) and Inner South West (124 auctions), while clearance rates ranged from as high as 91.3 per cent in Northern Beaches to as low as 63.8 per cent in Parramatta.
Sydney's top sale was at Vaucluse where a <a href="https://www.realestate.com.au/property-house-nsw-vaucluse-124825934" target="_blank">six bedroom contemporary home</a> (below) was sold through McGrath Estate Agents.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.56.31%20AM.png" alt="">
There were 1,601 Melbourne auctions this week, making it the busiest capital city. Across the 1,391 reported results, 79.9 per cent were successful this week, up from 77 percent last week.
Prices topped out with a five bedroom $5.53 million Brighton house, which was offered for the first time in five decades.
The 1930s Gordon Murphy-designed home with extension designed by architect Geoffrey Woodfall sits on a 1279 square metre <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-124876698" target="_blank">Kinane Street block</a> (below).
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.57.38%20AM.png" alt="">
It sold at $530,000 above reserve.
Sales included a<a href="https://www.realestate.com.au/property-house-vic-chelsea-124875466" target="_blank"> </a>Chelsea beach box (below), number 1322, which sold to a local for $175,000.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%209.59.33%20AM.png" alt="">
"Shed No. 1322 has been held by the same family for three generations," Barry Plant Mordialloc selling agent Michael Care said.
The strongest performing Melbourne sub-region was the North West with 91.7 percent of auctions clearing, followed by the Mornington Peninsula region (88.1 percent) based on preliminary results.
Across Brisbane, auction volumes rose from 179 last week to 196 this week, with a preliminary clearance rate of 44 percent, compared to 50 percent last week. 
Brisbane's top sale was a <a href="https://www.realestate.com.au/property-house-qld-hawthorne-124505082" target="_blank">442 sqm riverfront block </a>(below) offering city views from its Hawthorne vantage point, that fetched $2,225,000.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.00.46%20AM.png" alt="">
The Ray White offering of the Gordon Street had last sold at $2.3 million in 2007.
Preliminary results show that 68.2 percent of the 124 Adelaide auctions were successful this week, up from last week (57.4 percent).
The top sale was a <a href="https://www.realestate.com.au/property-house-sa-magill-124847266" target="_blank">five-bedroom character home at Magill</a> (below) - the former orphanage known as Lentara - with sold through Belle Property for $1.412 million.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.01.52%20AM.png" alt="">
With soaring 3.6m ceilings, stained glass, cove cornices, and Baltic timber floors, the house sits on 1490 sq m at 6 Penfold Road.
It last sold at $1.28 million in 2012.
Perth’s preliminary auction clearance rate was 30.8 per cent this week across 13 results. Last week, 42 results were captured across the city, with 61.9 per cent having sold. 
Some 78.4 percent of Canberra auctions were successful this week, up from 72.9 percent last week and higher than one year ago (58.3 percent). There were 104 auctions held in Canberra this week and 114 last week. 
A lakeside reserve 1950s home was the ACT's top sale at <a href="https://www.realestate.com.au/property/8-brown-st-yarralumla-act-2600" target="_blank">$2.59 million at Yarralumba</a>.
<img src="https://www.urban.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%2010.03.22%20AM.png" alt="">
The 8 Brown Street three-bedroom monocrete cottage on 867 sq m was the only property on the street of nine houses yet to be redeveloped.
Domain reported there were nine registered bidders.
</div>
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Spotswood weatherboard sells for Block alumni

<html><body>
Sydney had a stellar weekend with strong prestige property sales.
An off the plan penthouse offering at the luxury development Opera Residences on Circular Quay <a href="https://www.operaresidences.com.au/" target="_blank">sold for $27 million</a>, bettering a $26 million adjacent sale announced just a few days earlier.
The sale of the last 280sqm penthouse (below) occurred on Saturday at the official launch of the 109 apartments to be built on Macquarie Street by Chinese developer Macrolink and its local joint venture partner, Landream. 
<img src="/images/2016/11/21/700_penthouse.jpg" alt="" width="520" height="316">
A local family from the Sydney's lower north shore secured the 19th level with views of the Harbour Bridge, Opera House and the Botanical Gardens. 
There was also confirmation of a <a href="https://www.realestate.com.au/property/54-wunulla-rd-point-piper-nsw-2027" target="_blank">$60 million plus sale of Altona</a>, a Point Piper harbourfront home (lead image pictured above).
It was sold by the low key Wang family to the Huang family from Hunters Hill. 
The Wang family had bought the prized harbourfront home for $52 million in 2013, so with few only minor renovations have made a handy profit.
Its sale did not require Foreign Investment Review Board approval by the resident Australians.
The iconic Victorian Italianate home sits on a 2400 sq m holding.
Sydney dominated the weekend auction scene too.
A $5.9 million pre-auction sale was secured at Mosman.
<img src="/images/2016/11/21/Screen%20Shot%202016-11-21%20at%209.26.08%20AM.png" alt="">
The <a href="https://www.realestate.com.au/property/6-lavoni-st-mosman-nsw-2088" target="_blank">6 Lavoni Street offering</a> (above) has sold at $5.55 million in September 2015.
In Sydney, 1,064 auctions were held this week, down from 1,089 over the previous week. The preliminary clearance rate of 81.2 percent is slightly down from 81.4 percent last week, however still higher than the corresponding week last year, when a clearance rate of 56 percent was recorded across 1,116 auctions.
The North Sydney and Hornsby region recorded the strongest clearance rate of 90 percent, while also recording the highest volume of auctions of all the regions with 149 offerings.
Next weekend the Sydney market will host its peak spring Super Saturday of auctions with more than 950 homes due to go under the hammer, according to Domain.
There were 2,950 auctions held across the combined capital cities, with only a small increase over the 2,897 reported capital city auctions last week.
The number of auctions are tracking at the highest level since March.
"There has been no indication that clearance rates are starting to ease as we approach summer," said CoreLogic's Kevin Brogan.
"However, when compared to last year, auction volumes continue to track lower with vendors still seemingly reluctant to place their properties on the market despite such strong selling conditions.
"There were 3,166 auctions reported over the corresponding week last year, with a clearance rate of 59.5 percent, which is a substantially lower rate of clearance when compared to the higher rate that has remained consistent since July."
This week’s preliminary clearance rate remains healthy at 75.6 percent, decreasing only slightly over last week’s final clearance rate of 75.8 percent.
In Melbourne, a preliminary auction clearance rate of 79 percent was recorded across 1,299 auctions this week.
Last week, Melbourne’s final clearance rate was recorded at 76 percent across 1,329 auctions, while this time last year, 1,510 properties were taken to auction across Melbourne and a clearance rate of 67 percent was recorded.
Melbourne's top sale was a contemporary home at St Kilda.
<img src="/images/2016/11/21/Screen%20Shot%202016-11-21%20at%209.28.25%20AM.png" alt="">
The five bedroom 1880s home with modern extension at <a href="https://www.realestate.com.au/sold/property-house-vic-st+kilda-123935874" target="_blank">10 Charlotte Place</a> fetched $4.4 million.
The Essendon midfielder Dyson Heppell sold his Moonee Ponds house after its weekend auction.
It was his renovation project spent during his year banned from football.
A $2.65 million sale was secured for the 1910 house which the 24-year-old transformed while serving his AFL doping ban,
The property had been bought in September 2015 for $1.74 million with Heppell naming it Albertus after his grandfather..
The selling agent Rebecca Towns of Brad Teal had been quoting $2.5 million to $2.65 million for the four-bedroom home.
The preliminary clearance rate in Brisbane this week was 47 percent, down from 53 percent over the previous week. Auction volumes were higher this week with 260 auctions held, up from 196 last week.
Brisbane had the nation's cheapest sale over the week at Beenleigh when a <a href="https://www.realestate.com.au/property-townhouse-qld-beenleigh-123832474" target="_blank">three bedroom townhouse fetched $230,000</a>. 
<img src="/images/2016/11/21/Screen%20Shot%202016-11-21%20at%209.29.39%20AM.png" alt="" width="502" height="348">
It was a mortgagee sale.
It last sold at $112,000 in 2002.
A total of 135 Adelaide homes were auctioned this week and the preliminary auction clearance rate of 68 percent is just higher than the 67 percent from the previous week across 133 auctions.
It was higher than the equivalent week last year, when 64 percent of auctions were successful.
In Perth, 72 auctions took place this week, with 35 results reported so far. Perth’s preliminary clearance rate of 48.6 percent across these 35 results is higher than both last week’s result (37.5 percent) and the clearance rate from one year ago (31.3 percent).
Canberra’s preliminary auction clearance rate of 71 per cent this week is lower than last week, when the final auction clearance rate was 76 percent and higher than the 61 percent recorded last year. 
</body></html>

Weekend Auctions

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Weekend Auctions

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News