Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

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Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

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Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

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Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

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The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

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A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

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McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

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A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

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Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

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Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

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More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Weekend Auctions

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Melbourne today recorded a preliminary clearance rate of 38.7 per cent from the 30 reported results, with 45 auctions withdrawn. 
It is the lowest tally in living memory, with a marked deterioration of the weekend when there was a 45.3 percent success rate calculated in July.
The Domain figures see withdrawn auctions counted as unsold properties when calculating the clearance rate.
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Most city agents have realised potential buyers weren’t keen to bid unless they could see the property, which is not possible during the stage four restrictions.
Across the small markets, Adelaide recorded a preliminary clearance rate of 83.9%, the highest of the smaller cities, Canberra followed with 75.9% of homes selling at auction over the week.
However sales included a Reservoir knockdown opportunity.
The unliveable home sold to a developer for $590,000 at 161 Henty Street.
It had been a squat.
Ray White Oakleigh agents Leigh Kelepouris and Anna Voon sold 28 Elora Road in Oakleigh South for $933,000, with more than 300 people watching the action online.
“The majority of buyers saw this as a development opportunity so based on that we decided to press on with the auction, even during Stage 4 restrictions.
“It was the right call as we ended up with nine registered bidders, six of whom were active, and it actually ended up being a local family that purchased the property."
It sold to a local plumber.
A two-bedroom Californian bungalow, marketed as a likely knockdown, at 8 Bright Street, Camberwell, was sold under the virtual hammer for $1,638,000 in an auction that went for over an hour.
It was marketed as "rent out for great cashflow while preparing for a significant renovation and extension or the construction of a magnificently new family residence on 625 sq m approx. (STCA)."
Down on the Mornington Peninsula agents are listing and selling properties they have never inspected.
In the past month Nicholas Lynch Real Estate has sold 11 houses to buyers that had only viewed them online.
Warlimont and Nutt Real Estate has sold three properties to buyers who had only seen them online.
Nicholas Lynch Real Estate managing director Nicholas Lynch said technology was allowing agents to list, market and sell properties without viewing them or meeting vendors and buyers “in the flesh”.
Lynch told the Herald Sun said the company had moved to Zoom property inspections where sellers take prospective buyers on a virtual tour of their homes via the conferencing app while agents narrate.
During stage three lockdown the walk troughs were filmed by agents.
But in stage four, vendors had taken over, joining an agent, buyer and Nicholas Lynch’s marketing manager on a four-way Zoom call.
The initiative had helped secure 11 sales including one to a San Francisco-based Aussie expat, who worked for Netflix.
Warlimont and Nutt director Trent Cameron said demand was high for Mornington Peninsula properties and searches for houses in the region had soared by 56 per cent compared to the same time last year.
Real Estate Buyers Agents Association president Cate Bakos warned against purchasing a property sight-unseen, saying a home “might look good in the video and photographs, but properties can feel very different in the flesh”.
On Friday Victoria’s chief health officer, Brett Sutton, says he doesn’t know if daily COVID-19 infection rates will fall enough in the next fortnight to end stage four restrictions.
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Melbourne auction clearance rate dips to 38 percent, but unliveable Reservoir squat sells at $590,000

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Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.
Sydney’s preliminary auction clearance rate sat at 63.5 per cent from 339 reported results.
There were 546 auctions for Saturday, 83 of which were withdrawn, including the Coogee bolthole (above) of champion horse trainer David Hayes.
Domain noted Sydney's top sale was a five-bedroom house at 356 Edgecliff Road, Woollahra, at $8.1 million.
There were four registered bidders.
There were 510 auctions scheduled in Melbourne on Saturday<span data-sheets-value='{"1":2,"2":"$881,369"}' data-sheets-userformat='{"2":15359,"3":[null,2,"\"$\"#,##0",1],"4":[null,2,15922679],"5":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"6":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"7":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":1,"11":0,"12":0,"14":[null,2,0],"15":"Arial","16":8}'>.
Domain calculated a preliminary clearance rate of 45.4 per cent from 229 reported results.
Some 203 auction properties were withdrawn, due to the COVID-19 public auction ban. 
Of the online auctions that did go ahead, the preliminary clearance rate was 83 per cent.
The top sale in Melbourne was $3,675,000 when 16 Rushall Crescent, Fitzroy North was sold pre-auction.
It last sold at $2.91 million in 2016.
The REIV reported Glen Waverley led the auction market in the first six months of 2020 with 109 sales, followed by Craigieburn (104) and Reservoir (101). Croydon North is the top clearance rate suburb, selling all 12 auction listings.
The weekend's cheapest sale was in Sydney when 9/20-22 Speed St, Liverpool was sold for $286,000.
<img src="https://www.urban.com.au/images/2020/7/27/CL%20July%2027.JPG" alt="">
CoreLogic saw similar results albeit with higher preliminary clearance rates as seen above.
They found clearance rates were down on this time last year where they reached above 70% for both Sydney and Melbourne.
Notably Canberra has seen both an increase in auction volume and clearance rate compared to last year.
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Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.

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Melbourne weekend auctions secured a preliminary clearance rate of 59 per cent after 355 results were reported. 
There were been 527 auctions scheduled with 42 properties withdrawn from auction.
Sydney recorded a 64 percent preliminary clearance rate from 310 reported results, according to Domain.
 There were 529 auctions scheduled for auction, with 75 properties withdrawn. 
Sydney’s lower north shore suburb, Waverton had the top weekend sale when a triplex sold for $4 million.
The 642-square-metre property at 29 Balls Head Road fetched $200,000 above the reserve.
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<div class="css-18biwo" data-testid="property-features-wrapper">There were seven bedrooms ands four bathrooms at the property which last sold three decades ago at $430,000 in 1988.</div>
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Belle Property had eight registered bidders, with three bidding throughout the auction. 
Melbourne's top sale was in North Carlton at $3,276,000 for <a href="https://www.realestate.com.au/sold/property-house-vic-carlton-133708814" target="_blank">22 Macarthur Place</a> (pictured main).
The price guide had been $2.65 million to $2.9 million.
It once hosted Australia’s first intercolonial handball competition in 1873, and is now known as the Court House.
Then was converted into a brick factory.
Set on one of Carlton's prettiest squares, the home and studio was created by architect John Mockridge in the 1970s.
There have been some renovations since to the three bedroom, two bathroom home with comes with a 1050 bottle cellar.
It last sold at $1,405,000 in 2009.
An Edwardian Kew home at 16 Miller Grove sold for $2.54 million.
In Brighton, a four-bedroom Victorian home at 137 Male Street sold for $2.47 million to a Sydney family relocating to Melbourne.
There were three bidders for the home that last sold at $2.35 million in 2018.
Brisbane had the cheapest sale among the capital cities.
It was $246,000 for a two bedroom house at 10 Dampier Street, Eagleby.
It last sold at $28,000 in 1978.
AMP Capital chief economist Shane Oliver told Domain the ongoing impact of coronavirus — including job losses and stalling immigration — would see the market weaken in the coming months.
“Sydney’s results are still pretty soft and the coronavirus outbreaks in Melbourne would be adding to the cautiousness in the market there,” Dr Oliver said.
“Normally, Melbourne would have more listings than Sydney but that hasn’t been happening in recent weeks.”
CoreLogic calculated there were 1,424 homes scheduled for auction over the past week returning a preliminary auction clearance rate of 64.5 per cent. 
It was the highest number of auctions held in nine weeks.
The previous week saw 1,251 homes taken to auction returning a preliminary clearance rate of 66.1 per cent, which later revised down to 59.6 per cent at final figures. 
This time last year saw 1,295 homes taken to auction across the capital cities and a clearance rate of 62.9 per cent was recorded.  
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Historic North Carlton 1970s styled home sells at weekend auction

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Sydney’s preliminary weekend success rate sat at 69.5 per cent, after 449 auctions, 46 withdrawals and 259 reported results.
It outdid Melbourne where Domain reported a 57 per cent clearance rate on Saturday from 272 reported results. There were 410 properties scheduled for auction, 37 of which were withdrawn.
Melbourne has the top reported result when $4.12 million was paid at a Marshall White auction of 33 Bangarra Road, Canterbury.
The five-bedroom, Federation-style home sold for $470,000 above the reserve as three bidders fought it out.
The property last sold for $521,000 in 1998.
Sydney's top sale was $3.8 million for the three bedroom 24 Flinton Street, Paddington (pictured below).
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It sold to an expatriate buyer at its reserve price.
The price guide had been $3.5 million.
The nation's cheapest sale was $256,000 for the one bedroom at 7/15 Navigator Street, Maribyrnong (pictured 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/2020/6/15/maribyrnong.jpg" alt="">
The next cheapest was $261,000 on Brisbane's outskirts when a four bedroom home for 36 Nyanza Street, Woodbridge.
It last sold at $245,000 in 2007.
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Sydney remains the standout winter weekend auction capital city

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There were just 109 auctions scheduled in Melbourne on Saturday, some six weeks into the online system, with the Domain Group recorded a preliminary clearance rate of 47 per cent.
It was from just 53 reported results plus 29 withdrawn properties.
Homes withdrawn from auction are counted by Domain as unsold when calculating the clearance rate.
There were 126 auctions scheduled across Sydney on Saturday, on the first weekend when vendors could switch campaigns to onsite in-person auctions with social distancing.
Domain Group recorded a preliminary clearance rate of 68 per cent from 73 reported results plus 21 withdrawn properties.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/5/11/Domain%20auctions.jpg" target="_blank">click here</a>.
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There were just a few onsite auctions that went ahead.
Others including a Surry Hills terrace were sold pre-auction.
Not every buyer was comfortable to bid on-site on the first weekend back such as a five-bedroom house at 18 Eastcote Road, North Epping that attracted a mix of buyers on different platforms.
Four parties registered to bid: just one attended the auction on-site, another on the phone and two logged onto computers from home.
The property sold for $1.711 million to the bidder at the on-site auction.
“Real estate agents should limit the number of people viewing a property and attending an auction, follow stringent cleaning and safety guidelines, ensure clients do not touch surfaces and always have hand sanitiser available,” the NSW Treasurer Dominic Perrottet said.
“If we want to keep as many people in jobs as possible and businesses in business it is important to follow the safety advice and not put others at risk,” Mr Perrottet said.
“If people are not genuinely in the market for a new home, now is not the time to be having a look through their neighbour’s house.”
The nation's top selling sale was 30 Augustine St, Hunters Hil which sold for $1,917,000.
The nation's cheapest sale was $382,000 for a two bedroom unit at 8/30 Ashley St, Reservoir, according to Domain.
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Across the smaller capital cities Canberra returned the highest preliminary clearance rate of 57 percent with 25 listings.
The other capitals did not have sufficient data for a clearance rate.
 
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Sydney's onsite/online residential auction mix sees 68 percent success rate while Melbourne online sits in the 40s

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With 2700 scheduled auctions nationally, before the coronavirus onsite auction ban, most of Saturday's property vendors have gone private treaty or withdrawn altogether from the market to await better times.
Just over half the scheduled auctions were changed to private treaty, Domain figures showed.
And 10 per cent became online auctions.
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The week saw a surge in the proportion of properties sold prior to auction, lifting from 22 per cent of the preliminary collection last week to 36 per cent this week, CoreLogic advised.
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</div>
</div>
</div>
The auctioneers did a great job when going ahead online on Saturday. CoreLogic advised 59 of 100 online Sydney auctions found buyers. Melbourne had 140 live auctions with 97 finding buyers yesterday.
But technically using the traditional auction measuring rules, the national clearance rate fell into the 30s.
The last time clearance rates were so low as was in 1989 when the Reserve Bank of Australia took the cash rate to 17 percent, today they are 0.25 percent.
Sydney at a 37 percent clearance rate was slightly stronger than Melbourne's 35 percent, according to Domain's preliminary data, which included onsite and inroom auctions held prior to the ban.
The REIV reported just 99 properties sold under the auction hammer, but advised this represented a 90 percent success rate as they don't include the 998 withdrawn properties.
The REINSW doesn't publish data.
The realestate.com.au tally, that didn't include withdrawn, rather just the limited number of online auctions with the most motivated vendors and best prospects, advised the weekend clearance rate in Melbourne was 84 percent and 57 percent in Sydney.
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In Melbourne, CoreLogic's preliminary auction clearance rate sat at 58 per cent across 1,517 auctions this week. The preliminary numbers show 32 per cent of Melbourne auctions were withdrawn from the market.
There were 1,263 auctions scheduled in Sydney this week, of which 385 (45%) have been confirmed as withdrawn so far, returning a preliminary clearance rate of 47 per cent, CoreLogic said.
</div>
</div>
</div>
</div>
Ray White advised its withdrawn rates increased from 15 per cent to 25 per cent this week. 
Domain reported the online platform, Gavl, had 57 auctions scheduled of which only 15 went live. 
Of the live auctions, three sold and 12 passed in.
AuctionNow had around 170 listings.
Across Australia the online auctions were typically running late and long, as the new process took shape.
<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/2020/3/27/online%20auctioneer.jpg" alt=""> A live auctioneer at the weekend.
One auction took 45 minutes from its advertised start time without a sale in Sydney's south.
Ray White New Farm agent Haesley Cush sold 4 Owen St Wooloowin for $950,000 with two active bidders competing during his first virtual auction which ran for a marathon one hour and 40 minutes.
Ray White was mainly using Real Time Agent with Bid Tracker plus Google Hangouts for its auctions.
At the AuctionNow portal, auctioneer Damien Cooley said the day had been a "resounding success for the industry."
"To adapt to these conditions in such a short time has been an incredible effort.
"Our technology has given agents and auctioneers around the country the ability to help buyers and sellers transact. 
<div>"We have seen several properties with multiple online bidders, many of them competing in what can only be described as fast paced and very exciting auctions." </div>
<div> </div>
<div>"We will continue to improve our technology, live stream picture quality and continue to ensure consumers can watch, register, bid, buy and exchange on live auctions on any device anywhere in the world," he said.</div>
<div> </div>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="0"><tbody><tr>
<td>
<table style="width: 601px; height: 315px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th> </th>
<th>%</th>
<th> listed</th>
<th>advised</th>
<th>sld</th>
<th>wdn</th>
<th> </th>
<th> </th>
<th> </th>
</tr></thead>
<tbody>
<tr>
<td colspan="5">
This week
</td>
<td colspan="4">
 
</td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_0">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_0">Syd</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_0">37</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_0">1058</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_0">394</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_0">351</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_0">547</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_0"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_1">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_1">Mel</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_1">35</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_1">1400</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_1">470</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_1">451</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_1">807</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_1"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_2">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_2">Nat</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_2">35</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_2">2723</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_2">933</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_2">857</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_2">1492</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_2"> </td>
</tr>
<tr>
<td colspan="5">
Last week
</td>
<td colspan="4">
 
</td>
</tr>
<tr id="x_rpLastWeek_trLastWeekRow_0">
<td id="x_rpLastWeek_tdLastWeekCity_0">Syd</td>
<td id="x_rpLastWeek_tdLastWeekClearance_0">58</td>
<td id="x_rpLastWeek_tdLastWeekListed_0">780</td>
<td id="x_rpLastWeek_tdLastWeekReported_0">601</td>
<td id="x_rpLastWeek_tdLastWeekSold_0">420</td>
<td id="x_rpLastWeek_tdLastWeekWithdrawn_0">113</td>
<td id="x_rpLastWeek_tdLastWeekTotalSold_0"> </td>
<td id="x_rpLastWeek_tdLastWeekHouseMedian_0"> </td>
<td id="x_rpLastWeek_tdLastWeekUnitMedian_0"> </td>
</tr>
<tr id="x_rpLastWeek_trLastWeekRow_1">
<td id="x_rpLastWeek_tdLastWeekCity_1">Mel</td>
<td id="x_rpLastWeek_tdLastWeekClearance_1">57</td>
<td id="x_rpLastWeek_tdLastWeekListed_1">1187</td>
<td id="x_rpLastWeek_tdLastWeekReported_1">1023</td>
<td id="x_rpLastWeek_tdLastWeekSold_1">637</td>
<td id="x_rpLastWeek_tdLastWeekWithdrawn_1">80</td>
<td id="x_rpLastWeek_tdLastWeekTotalSold_1"> </td>
<td id="x_rpLastWeek_tdLastWeekHouseMedian_1"> </td>
<td id="x_rpLastWeek_tdLastWeekUnitMedian_1"> </td>
</tr>
<tr id="x_rpLastWeek_trLastWeekRow_2">
<td id="x_rpLastWeek_tdLastWeekCity_2">Nat</td>
<td id="x_rpLastWeek_tdLastWeekClearance_2">57</td>
<td id="x_rpLastWeek_tdLastWeekListed_2">2162</td>
<td id="x_rpLastWeek_tdLastWeekReported_2">1775</td>
<td id="x_rpLastWeek_tdLastWeekSold_2">1132</td>
<td id="x_rpLastWeek_tdLastWeekWithdrawn_2">207</td>
<td id="x_rpLastWeek_tdLastWeekTotalSold_2"> </td>
<td id="x_rpLastWeek_tdLastWeekHouseMedian_2"> </td>
<td id="x_rpLastWeek_tdLastWeekUnitMedian_2"> </td>
</tr>
<tr>
<td colspan="5">
Same week last year
</td>
<td colspan="4">
 
</td>
</tr>
<tr id="x_rpThisWeekLastYear_trThisWeekLastYearRow_0">
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearCity_0">Syd</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearClearance_0">55</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearListed_0">626</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearReported_0">466</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearSold_0">320</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearWithdrawn_0">114</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearTotalSold_0"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearHouseMedian_0"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearUnitMedian_0"> </td>
</tr>
<tr id="x_rpThisWeekLastYear_trThisWeekLastYearRow_1">
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearCity_1">Mel</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearClearance_1">49</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearListed_1">792</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearReported_1">710</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearSold_1">368</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearWithdrawn_1">34</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearTotalSold_1"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearHouseMedian_1"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearUnitMedian_1"> </td>
</tr>
<tr id="x_rpThisWeekLastYear_trThisWeekLastYearRow_2">
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearCity_2">Nat</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearClearance_2">50</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearListed_2">1649</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearReported_2">1375</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearSold_2">774</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearWithdrawn_2">162</td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearTotalSold_2"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearHouseMedian_2"> </td>
<td id="x_rpThisWeekLastYear_tdThisWeekLastYearUnitMedian_2"> </td>
</tr>
</tbody>
</table>
</td>
</tr></tbody></table>
Source: Domain 
<div>There was drama at a Ray White auction when a bidder accidentally lodged a virtual bid some $200,000 higher than intended into the online bidding system.</div>
The bid was quickly undone by auctioneer James Keenan and that bidder went on to be the $1.41 million Newtown underbidder.
There were 50 bids for the two bedroom Darley Street home which sold for $1,415,000 with four bidders battling it out over the 40 minute auction, sold at $85,000 over reserve with four of the eight registered bidders active.
Notwithstanding the drama, agent Shaun Stoker said "the system faultlessly took more than 90 bids during a highly competitive auction."
Elsewhere in Newtown an online bidder battled a phone bidder for 156 Denison Street at its LJ Hooker auction.
<div>After 22 bids its sold for $1,753,000 to the phone bidder having opened with the online bidder's $1.55 million offer. </div>
<div> </div>
<div>The auction of a four-bedroom house at 57 Brown St, St Peters commenced 20 minutes after its scheduled time. </div>
It passed in at $1,520,000.
Hunters Hill saw a $3.375 million sale, the highest reported Sydney success.
Just two bidders competed but over 130 tuned in to the auction, which had three interruptions with technical glitches.
But McGrath CEO Geoff Lucas said he was delighted the agency could "keep the wheels of commerce moving for our country."
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“Today is a great litmus test of how the business of real estate can continue, where the live streaming of auctions have seen multiple bidders participate from the safety of their own home, as the auctioneer conducts the auction from either the property or from another location."
There were seven registered to bid for the McGrath listing at 14 Hampton Road, Sylvania Waters that sold for $1,596,000.
Some 38 viewers watched the auction that had three participating bidders.
There were 99 tuned into the auction of 19 Archibald Street, Padstow that McGrath sold for $1,007,500.
Three of the nine registered bidders participated after the $800,000 opening bid.
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McGrath also secured the $1.02 million sale of 3 Limburgers Road, East Geelong that had four buyers online, and one on the phone. 
The national McGrath network had 191 weekend listings, with a 55 percent success rate from the online offerings, but a 37 percent clearance rate when taking withdrawn property into account.
</div>
</div>
</div>
There was an auction at Dundas with two bidders, one of whom posted a $1.37 million bid after the $1.35 million vendor bid lodged by its Stone Real Estate agent, available to be seen on the running bid list.
However interested parties were advised following the live auction for 5 Ronald Avenue that the property "passed in for an undisclosed price."
There were more than 100 bids for a one-bedroom unit in Potts Point that had an $800,000 guide but fetched $1.208 million. 
There were 67 bids in Queens Park for 23 Cuthbert Street that sold for $1,905,000.
The inner west Sydney agency Cobden Hayson advised 50 percent of the buyers had stepped back in their intent on March 19, which had dipped to 60 to 70 percent, by March 26.
There were some opportunistic buyers, Matthew Hayson advised, along with recent buyers committed to sell. 
 
 
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jchancellor-FAypfDUnLy

Live online auctions sees real estate industry overcome onsite auction ban 

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The last week of unimpeded onsite auctions saw the final clearance rate fall to the lowest level since June last year.
Vendors secured a 56.9 percent success rate across the capital cities, according to CoreLogic.
The week’s final clearance rate was lower than the week prior when 65.3 percent of the 2,274 auctions held returned a successful result.
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Last week saw auction volumes across the combined capital cities reached their second highest level this year with 2,599 homes taken to market. 
Melbourne was the busiest city in terms of auction activity with 1,343 homes taken to auction last week, returning a final clearance rate of 58.4 percent.
Over the previous week, 1,201 auctions were held and the clearance rate was recorded at 65.6 percent.
This time last year, 814 homes were taken to auction across the city when 55.1 percent were successful.
There were 946 homes taken to auction in Sydney last week returning a clearance rate of 58.8 percent, while over the previous week, 767 homes were taken to auction and a higher clearance rate of 68.1 percent was recorded. This time last year 506 auctions were held returning a 52.1 percent success rate.
Across the smaller auction markets, Canberra was the best performing auction market last week in terms of the clearance rate with 63.2 percent of homes auctioned reporting a sold result.
</div>
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<img src="https://www.urban.com.au/images/2020/3/27/Auction%20clearance%20rates%20March%2027.JPG" alt="">
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There were 3,065 capital city properties scheduled to go under the hammer this week, however the release of new policy on Tuesday has quickly changed how the real estate industry will operate, with on-site auctions and open homes now being added to the list of social restrictions.
This week was expected to be the busiest week for auctions for 2020.
However, given usual auction methods are temporarily banned, agents may be looking to move to online solutions, CoreLogic noted, or accept bids over the phone, with the aim to carry on with a‘business as usual’ approach.
There is also likely to be a number of vendors who withdraw their property from the market completely or postpone until circumstances improve. 
Across each of the individual auction markets, scheduled volumes are higher week-on-week in Melbourne (9%), Sydney (28.2%), Brisbane (52.2%), Adelaide (44.3%) and Canberra (2.5%), while Perth and Tasmania have fewer scheduled auctions over the week.
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Auction success rate slips into the 50s ahead of onsite auction shutdown

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Auction markets are now showing a clear and fairly rapid cooling, the Westpac senior economist Matthew Hassan has noted.
Preliminary unadjusted clearance rates were in the mid to low 60s compared to the mid to low 70s last week.
Uncertainty around COVID-19 has seen the preliminary clearance rate take a hit on the weekend, falling to 61.3 per cent across the combined capital cities.
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Despite the escalating health crisis and economic fallout related to coronavirus, the past week was the second busiest for auction activity so far this year with 2,539 homes taken to auction.
</div>
</div>
</div>
</div>
The coronavirus scare prompted Sydney’s auction market success rate to tumble into the 60s.
Saturday's 68 percent success rate is down on 82 percent a fortnight ago and the 74 percent clearance rate last weekend, according to the preliminary realestate.com.au data.
It was Sydney's lowest clearance rate in what has been an exceptionally strong year.
<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/2020/3/23/CoreLogic%20March%2023.jpg" alt="">
Domain and CoreLogic put the Sydney rate at even lower, at 64 percent.
There were just over 400 results tallied from the 750 auctions held in Sydney.
Estate agents had feared that some of their buyers would stay away amid the current contagion health scare.
But there are also looming concerns that the likely loss of workers' income across almost ever industry along with jobs losses will further dampen buyer enthusiasm.
"I expect price falls ahead," Shane Oliver, the AMP Capital chief economist said.
"Coronavirus social distancing and rising uncertainty about the economic outlook look to be impacting," he said.
Sydney remains the strongest capital city auction market.
The national clearance rate has dropped to 62 percent, down from 75 percent two weeks ago.
Sydney agents now head into the busy pre-Easter auction period which is traditionally one of the busiest fortnights of the year.
Search activity on realestate.com.au has slowed, Nerida Conisbee, the realestate.com.au chief economist noted last earlier this month.
The top sale under the hammer was a three-bedroom Tofts Monks, Elizabeth Bay apartment (pictured top) for $4,225,000 to an expatriate buying when the Australian dollar was down near 18 year lows. 
The auction was brought forward by the fortnight given heightened demand.
Auction clearance rates dropped in Melbourne.
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In Melbourne, a preliminary auction clearance rate of 62.7 per cent was recorded across 1,317 auctions, while last week there were 1,201 auctions returning a final clearance rate of 65.6 per cent. One year ago, the clearance rate was 55.1 per cent across 814 auctions.
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Melbourne’s most expensive sale was a five-bedroom, five-bathroom house in Albert Park at $9,010,000.
CoreLogic described the weekend results as a “turning point in buyer and seller sentiment.” 
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“The latest results highlight the housing market is being impacted by the social distancing measures and weaker confidence related to the coronavirus pandemic,” CoreLogic auction analyst Kevin Brogan said.
“To date there is no evidence of reduced housing values, however it is clear that transactional activity will be temporarily disrupted [over the] coming weeks and months.”
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Prices will fall as coronavirus scare prompts auction success rate tumble into the 60s

<html><body>
The coronavirus scare has finally affected the hitherto robust capital city auction market sentiment, but not too dramatically.
The national clearance rate has dipped to 69 percent according to the preliminary Domain data.
It is the weakest national result since the opening weekend results of 64 percent on February 1, having been in the 70s in the intervening five weeks.
This time last weekend Domain had the national figure at 75 percent, with Sydney at 80 percent and Melbourne, with its Moomba weekend distraction at 69 percent.
Today it was 73 percent in wet Sydney, down seven percent.
Melbourne sat at 68 percent, so just a small dip.
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City </th>
<th>Success rate </th>
<th>Number listed </th>
<th> Reported auctions </th>
<th>
 
sold
 
</th>
<th> </th>
<th>
($m)
</th>
<th> </th>
<th> </th>
</tr></thead>
<tbody>
<tr>
<td colspan="5">
This week
</td>
<td colspan="4">
14 March
</td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_0">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_0">Sydney</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_0">73.4%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_0">644</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_0">433</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_0">361</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_0">$328.5</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_0"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_0"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_1">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_1">Melbourne</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_1">68.0%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_1">1,090</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_1">751</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_1">532</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_1">$412.7</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_1"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_1"> </td>
</tr>
<tr id="x_rpAuctionResultsThisWeek_trThisWeekRow_2">
<td id="x_rpAuctionResultsThisWeek_tdThisWeekCity_2">National</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekClearance_2">69.6%</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekListed_2">1,921</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekReported_2">1,292</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekSold_2">969</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekWithdrawn_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekTotalSold_2">$778.2</td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekHouseMedian_2"> </td>
<td id="x_rpAuctionResultsThisWeek_tdThisWeekUnitMedian_2"> </td>
</tr>
</tbody>
</table>
Source: Domain
The weekend prior, on the last Saturday in February saw Domain calculate the national figure at 78 percent, with Sydney at 82 percent and Melbourne at 77 percent.
The top reported sale was an $8 million luxury Lavender Bay apartment that the Sunday Telegraph reported sold for more than $1 million over its reserve price with four registered bidders amid the 50 attendees.
Melbourne's top sale was $3.82 million in Malvern East, with several pricier homes failing to find buyers including a no-bid $5 million Hawthorn offering. 
There has been an escalating trend towards sale before auction as sellers worry just whether the buyers will emerge on auction day in the current contagion scare.
SQM Research calculated Melbourne had 117 sold priors, 17 rescheduled and another 39 either withdrawn/sold prior/rescheduled. 
Sydney had 164 sold priors, 25 rescheduled and 53 SP, withdrawn or rescheduled.
"All search activity on realestate.com.au has slowed over the past week," said Nerida Conisbee, chief economist with the rival property listing site last last week.
The Australian Financial review described search activity as "a leading indicator of the health of the property."
The realestate.com.au chief economist Nerida Consibee had said she expected the clearance rate to be lower, but added it was difficult to predict the influence of coronavirus.
As the major capital cities head into the busy pre-Easter auction period, estate agents dread that would-be vendors will sit on their hands when it comes to mid-April fresh listings.
It is commonly believed a major drop in property prices will not occur unless there was a spike in full time unemployment as the prospect of a recession looms.
Some property pundits had forecast a similar success rate for auctions as the last two weeks, given the interest rate cut was encouraging more people to buy.
The realestate.com.au data for saw a bigger drop in Sydney, down to a preliminary 74 percent.
Canberra dipped to 66 percent.
The realestate.com.au data for the prior Saturday saw 83 percent in the ACT; and 82 percent in NSW.
Yesterday was 71 percent in Victorian, down from 77 percent on the prior weekend.
Last weekend was 69 percent in SA and 53 percent in Queensland.
Today it was up in SA to 74 percent, so against the national trend, while it was down a bit in Queensland to 51 percent.
The weekend results do see contradictions as Cooley Auctions in Sydney reported 73 percent today selling 37/51 compared with 61 percent last weekend selling 33/54.
McGrath Sydney agent sold 41 properties today, but saw 20 pass in or get withdrawn.
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Coronavirus fears impact on weekend auction results with dip to 69 percent

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Sydney weekend clearance rates remain strong after another RBA rate cut encouraged buyers who've yet to show coronavirus induced recession fears.
Elsewhere public holidays in four of the eight states and territories meant the 1456 number of homes was less less than half the number last week (3026).
Across the capitals the preliminary clearance rate rose from 73.9 per cent to 74.8 per cent.
Sydney’s was again the strongest auction market at 82 per cent.
Its highest sale was at 8 Wallis Street, Woollahra.
It sold through Ben Collier and Fraser Turvey at The Agency for $6.1 million to buyers had been renting after selling their own home, looking to upsize in the local area.
It last sold for $3.4 million in 2015 with little more than a splash of paint in the meantime.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-118933903" target="_blank">8 Wallis Street</a> offering was four-bedroom, three-bathroom residence. 
<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/2020/3/6/main.jpg" alt="">
Built in 1888, the three-story residence features a ten-metre wide frontage, elegant lounge and dining areas, manicured gardens and two balconies. 
The home had ornate ceilings, original fireplaces and floorboards. 
The 367 sqm block is privately set between Centennial Park and the Queen Street village.
Sydney's most affordable auction this weekend was on <a href="https://www.realestate.com.au/sold/property-unit-nsw-rockdale-132933770" target="_blank">Watkin Street</a>, Rockdale.
The one-bedroom, one-bathroom unit sold pre-auction through PRD estate agents Nick Reskakis and Jonathan Kollias for $340,000 to a first time buyer.  
<div class="fluid-width-video-wrapper">Melbourne was the second busiest auction market, but the Moomba public holiday on Monday saw just 404 auctions.</div>
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<div class="fluid-width-video-wrapper">There was a reduced 68 per cent success rate, down from 77 per cent the weekend before.</div>
CoreLogic auction analyst Kevin Brogan attributed the declining rate to weaker participation due to the long weekend.
The city’s highest disclosed sale was Marazion, a three-bedroom, two-bathroom at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-132961506" target="_blank">Faversham Road, Canterbury</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/2020/3/9/8_MARAZION.jpg" alt="">
The 1920s-built home sold for $2.89 million through Jellis Craig estate agents Simon Lord and David Banks.
The elegant Victorian property showcases a Spanish Mission façade, and impressive craftsmanship with its diamond headlights, stained glass windows, and solid timber features throughout.
The 715 sqm home last sold for $850,000 in 2003.
Adelaide's top sale was a three-bedroom, two-bathroom sandstone villa at <a href="https://www.realestate.com.au/property-house-sa-unley+park-132392842" target="_blank">Northgate Street, Unley Park</a>.
The 894 sqm villa sold for $1,395,000 through Toop &amp; Toop estate agents Peter McMillan and Eloise McMillan. 
 
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