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.

[smartcode_project:default project_id=112195 project_image_fid=3286]

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.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

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.

[smartcode_project:default project_id=28384 project_image_fid=3823]

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."

[smartcode_project:default project_id=28384 project_image_fid=3826]

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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

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.

[smartcode_project:default project_id=28384 project_image_fid=372542]

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.

[smartcode_project_cta:default project_id=28384]

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.

[smartcode_project:default project_id=143337 project_image_fid=374768]

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."

[smartcode_project:default project_id=143337 project_image_fid=374767]

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.

[smartcode_project:default project_id=143337 project_image_fid=374760]

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.

[smartcode_project:default project_id=143337 project_image_fid=374761]

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.

[smartcode_project_cta:default project_id=143337]

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

<html><body>
Melbourne was the busiest weekend auction market with 560 auctions, up from 352 auctions, returning a preliminary clearance rate of 53.5 percent.
There were 430 Sydney homes auctioned, returning a preliminary auction clearance rate of 56.1 percent, according to Domain.
The highest priced sale was in Sydney when <a href="http://www.ppdre.com.au/1P4416" target="_blank">2 Gipps Street, Bronte</a> (above) sold for $3,180,000 through Phillips Pantzer Donnelly.
The buyers guide had been $2.95 million.
There had been a nearby pre-auction Bronte sale of $5.5 million at 21 Yanko Avenue.
Domain reported the cheapest notified auction sale was in Melbourne's Melton South.
The three bedroom house at <a href="https://www.prdmelton.com.au/20170062/9-macquarie-street-melton-south" target="_blank">9 Macquarie Street</a> (below) sold through PRDNationwide Melton for $308,000.
<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/2019/2/18/Melton1.jpg" alt="">
The price guidance had been $275,000 to $295,000.
Positioned on a 580 sqm lot, the home was marketed as offering "fantastic potential to someone who is a professional renovator or the handyman."
"Bring your toolbox, hammer, and paintbrush and get stuck into this great opportunity," agent Cory Cassar said.
Louis Christopher at SQM said next Saturday would see about 780 auctions for Sydney and over 1000 auctions for Melbourne.
"It will be a very large test for the market as we return to normal volume levels," he said.
Canberra returned a preliminary clearance rate of 46 percent, while Brisbane’s preliminary result came in at 38 percent, both down in clearance rates on the prior weekend.
Adelaide was the top performing market with a 69 percent success rate, with 60 scheduled auctions.
It included a renovated 1880s St Peters home which fetched $1.285 million after being listed with $1.1 million to $1.2 million hopes.
<a href="https://foxrealestate.com.au/property/2-st-peters-street-st-peters-sa-5069" target="_blank">The 2 St Peters Street home</a> (below) , listed through Kirsty Davies at Fox Real Estate, had previously traded at $470,000 in 2005.
<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/2019/2/18/St%20Peters.jpg" alt="">
Corelogic noted national auction activity remains quieter year-on-year with 1,444 homes taken to auction across the combined capitals.
While increasing from the previous week when 928 auctions were held, it was lower than the same week last year when 1,992 auctions were held.
Preliminary results show a clearance rate of 55.2 percent.
Click here <a href="https://www.propertyobserver.com.au/images/2019/2/18/Capitals-Feb18.jpg" target="_blank">to enlarge</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/18/Capitals-Feb18.jpg" alt="">
Last week’s final clearance rate came in at 51.1 cent across the combined capitals, which CoreLogic's auction analyst Kevin Brogan noted was the first time the final clearance rate sat  above 50 percent since September 2018. 
CoreLogic put Sydney's auction clearance rate at a nine-month high.
One year ago, the national clearance rate was 66.1 percent.
Melbourne's top sale was a <a href="https://www.realestate.com.au/sold/property-house-vic-surrey+hills-130274414" target="_blank">1902 Surrey Hill charmer, Devon</a> (below) which fetched $2.84 million, followed by a 172sq m property with potential in Albert Park sold for $2.605 million.
<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/2019/2/18/Devon.jpg" alt=""> 
The prime corner Beaconsfield Parade offering, called on the market at $2.555 million, had no heritage overlay 
<table style="height: 24px; width: 602px;" border="0" cellspacing="0" cellpadding="5"><tbody><tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">Most expensive</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0"> </td>
</tr></tbody></table>
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">21 Yanko Av, Bronte NSW 2024, 4 br House, PhillipsPantzer Donnelley</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$5,500,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">17 Tyrone St, Camberwell VIC 3124, 3 br House, Marshall White Boroondara</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$2,305,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">2 St Peters St, St Peters SA 5069, 3 br House, Fox Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,285,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">380 London Rd, Belmont QLD 4153, 5 br House, HAR Green Living</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$1,850,000</td>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">48 Drooka Cr, Crace ACT 2911, 4 br House, LJH Weston Creek</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,461,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">2 St Lawrence Av, Blue Haven NSW 2262, 3 br House, Capital One Real Estate - Central Coast</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$390,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">9 Macquarie St, Melton South VIC 3338, 3 br House, PRDNationwide Melton</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$308,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">8/7A East Pallant St, North Adelaide SA 5006, 2 br Unit, C21 The Bay</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$335,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">256 Wellington St, Ormiston QLD 4160, 3 br House, Whicher Pty Ltd</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$500,000</td>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">22 Langdon Av, Wanniassa ACT 2903, 3 br House, RW Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$460,000</td>
</tr>
</tbody></table>
</body></html>

jchancellor-FAypfDUnLy

Weekend auctions remain resilient, but property prices still patchy

<html><body>
Essendon champions Terry and Chris Daniher sold a Moonee Ponds investment property for $1.18 million shortly before its scheduled weekend auction.
It sold to local first-home buyers who snapped it up on their wedding day, just five hours before they tied the knot in the Yarra Valley.
Nelson Alexander Ascot Vale agent Milo Rasinac told the Herald Sun the couple had been the keenest of the four parties who had been interested in the four-bedroom double-fronted Victorian.
The deal was sealed via the phone and emails. The unrenovated <a href="https://www.realestate.com.au/property-house-vic-moonee+ponds-130004654" target="_blank">69 Darling Street</a> listing (above and below) had been quoted at $1.15 million to $1.25 million.
<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/2019/2/11/Moonee2.jpg" alt=""> 
The Daniher brothers had owned the property since their early 1990s playing days when they paid for $175,000.
It was among the 929 capital city homes scheduled for auction, up on the first week in February when 536 auctions were held, according to CoreLogic.
The nation's priciest notified result was in <a href="https://www.realestate.com.au/property-apartment-nsw-manly-130278918" target="_blank">Manly at $2.7 million</a> for a three bedroom, two bathroom apartment (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/2019/2/11/Manly2.jpg" alt="">
The price guide had been $2.7 million for the 1990 waterfront apartment views across Little Manly Cove to North Head.
The 4/8 Addison Road offering was in a tightly-held complex of six. The nation's cheapest sale was at Brunswick where a 1960s studio apartment fetched $155,000.
The Brad Teal agent has suggested a $150,000 to $165,000 price guidance for the vacated 8/831 Park Street offering.
It last sold at $110,000 in 2008. Melbourne was the busiest weekend auction market with 352 auctions held across the city, returning a preliminary clearance rate of 53.7 percent.
"This is quite a bit lower than what we were seeing last year, when 70.7 percent of homes sold over the same week when volumes were higher (619)," CoreLogic auction analyst Kevin Brogan noted.
There were 321 Sydney homes auctioned, returning a preliminary auction clearance rate of 59.2 percent.
"Interestingly, Sydney was the best performing capital city auction market last week," he noted. Canberra returned a preliminary clearance rate of 56.3 percent, while Brisbane’s preliminary result came in at 42.6 percent.
A Teneriffe property change hands for the first time in 63 years when 10 bidders registered to buy the house at <a href="https://www.realestate.com.au/property-house-qld-teneriffe-130324950" target="_blank">8 Waverley Street</a> (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/2019/2/11/Teneriffe.jpg" alt="">
Bidding started at $900,000 and quickly rose to $1,475,000, The Courier Mail reported.
Volumes were higher over the week across all auction markets with the exception of Adelaide where activity was down. The national auctions returned a 54.1 percent preliminary auction clearance rate, well up on the 42.8 percent final auction clearance rate last weekend, suggesting buyers had a returned from the break with a preparedness to ignore the negative commentary.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/2/Subscriber%20strip%20ad.jpg" alt=""></a>
"The early flow of auction data for 2019 is showing a subtle bounce back in the clearance rate relative to the lows recorded through December last year which is a seasonal trend similar to what has been seen over previous years," Brogan said.
But Brogan anticipates the figure "will revise lower as the remaining results are collected to remain around the mid-to-low 40 percent range."
Comparing results to one year ago, volumes and clearance rates are significantly lower when 1,470 capital city homes went to auction and 63.7 percent sold.
</body></html>

Early bird February 2019 auction vendors securing sales

<html><body>
The opening weekend for capital city auctions began with a whimper marked by a continuing wide gap between vendor and buyer expectations.
Domain reported there was a preliminary 48 percent success rate in Sydney, while the Melbourne vendors secured a 44 percent clearance rate.
Brisbane had a 30 percent clearance rate.
Canberra, which with Adelaide were the strongest mainland auction capitals in 2018, had a 39 percent success rate.
It was 48 percent in Adelaide.
Just 360 homes went to auction which was down on the 600 plus on the same opening weekend in the three prior years.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/2/Subscriber%20strip%20ad.jpg" alt=""></a>
The nation's top result was in Sydney's Millers Point, which for several years was an auction hotspot.
It was a three-level terrace house at <a href="http://alisoncoopes.com/buying/immaculately-rebuilt-north-facing-freehold-4-bdrm-study-res-remarkable-investment-opportunity/" target="_blank">82 Kent Street</a> (above and below) that last sold in 2016 in the state government’s now concluded Millers Point terrace sell-off.
After paying $2.48 million, the vendors renovated and restored the 1870s terrace.
<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/2019/2/4/Mill2.jpg" alt="">
It was passed in at its onsite weekend auction through Alison Coopes at Agency by Alison Coopes at $2.45 million.
It sold at around $2.7 million after post-auction negotiations.
Coopes said the terrace had been "meticulously renovated" including an ultra-modern kitchen with new appliances, along with two new bathrooms, one of which features a Swedish-design free-standing bath.
There were newly-set rendered walls and flooring, electrical wiring updates and reverse cycle air-conditoning installed.
The investment had rented at $1750 a week.
The cheapest reported auction sale was in Adelaide where $268,500 was paid for a three bedroom Greenacres offering.
<a href="https://www.propertyobserver.com.au/https://raywhitesemaphore.com.au/properties/residential-for-sale/sa/greenacres-5086/house/2029919" target="_blank">The auction</a> was instructed by the Australia Executor Trustees.
The single level property at <a href="https://www.propertyobserver.com.au/https://raywhitesemaphore.com.au/properties/residential-for-sale/sa/greenacres-5086/house/2029919" target="_blank">3/10 Princes Road</a> (below) was marketed as a "homette" by Ray White agent Samantha Hirniak.
<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/2019/2/4/Green.jpg" alt="">
It sat within a 15km central radius to the CBD, beaches and Adelaide Hills.
There were far fewer fresh listings on the weekend than in recent prior February kickoffs.
Sydney had 110 scheduled weekend auctions, down on the 178 the same Saturday in 2018 when there was a 50 percent success rate.
Melbourne vendors also numbered 110 on the weekend, down from 210 on the first Saturday in February last year which saw a 62 percent clearance rate.
Agents advised buyers were still facing lending issues given the credit squeeze which emerged following from the Financial Services Royal Commission, whose final findings and recommendations will be released this afternoon.
In Melbourne's Albert Park there were no bids for a three-bedroom terrace at <a href="https://www.wilsonagents.com.au/4632476/" target="_blank">103 Ashworth Street</a> (below) which sold last March for $1.65 million. 
<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/2019/2/4/Alb.jpg" alt="">
The Wilson agent Grace Le-francke, who had issued a price guide from $1.55 million to $1.65 million, placed a vendor bid of $1.5 million.
Coastal offerings continued to attract buyer interest with a $1.3 million sale at Yamba, on the NSW far north coast.
The three bedroom, two bathroom apartment at <a href="https://unit16-4queenst-yamba.ljhooker.com.au" target="_blank">16/4 Queen Street</a> sold through LJ Hooker. 
It last sold at $700,000 in 2001. The previous highest sale in the Cove complex had been $1.15 million in 2006.
There was also the sale of a redundant regional Victoria church.
The former Uniting Church at <a href="https://www.eldersrealestate.com.au/residential/auction/5-barr-street-uniting-church-tungamah-vic-3728-20159172/" target="_blank">5 Barr Street, Tungamah</a> saw five bidders turn up at the Elders Yarrawonga auction.
Agent Rod Leslie told the Herald Sun it was called on the market at $80,000, and sold at $92,500 to locals.
</body></html>

Contracting February capital city auctions begin with a whimper

<html><body>
The vendors hoping for a Santa Claus rally in the ailing property auction market were mostly left disappointed after their weekend auctions.
Buyers traditionally tune out in the lead up to Christmas given all the distractions.
A few homes will be sold today, Christmas Eve, but most estate agents have headed off on their long holiday hibernation. 
Ofcourse some buyers will be back in the market keen for Boxing Day-style discounts from anxious vendors who've committed elsewhere and are desperate for a sale. 
The last minute pre-Christmas weekend auction offerings numbered just a dozen or so around most capitals, rather than the thousands that are regularly on offer most Saturdays of the year across the nation.
Estate agent Adam Docking recently suggested pre-Christmas listings were "a calculated risk."
“The weekend is usually very, very soft the Saturday before Christmas,” Mr Docking told News Ltd.
However the very last scheduled auction of 2018 found a buyer yesterday in Hampton Park, in Melbourne's outer south east.
There were 11 interested parties when the five bedroom late 1980s house at <a id="LPlnk816199" href="https://www.realestate.com.au/property-house-vic-hampton+park-130021094" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">3 Candlebark Close</a> sold under the hammer at the 2pm Sunday afternoon auction, just two days out from Christmas.
"A local first time buyer was the top bidder," said Elias Samili, the selling agent from Rexhepi Real Estate.
"The vendors got $13,000 over reserve," he added after the bidding kicked off at $470,000.
There was just a shortened three week auction campaign following its recent renovation.
The agent had previously told the Herald Sun that the auction date was set to suit their religious commitments, and an auction process had been selected to ensure there was an "unconditional sale this year."
Hampton Park median house prices finished off the year at $550,000, according to realestateview, having kicked off the year at $500,000.
Another first home buyer secured a $350,000 Belmont house (above) with big plans for a renovation since its currently unlivable.
The three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-belmont-130002634" target="_blank">5 Donald Street</a> was marketed as an opportunity to renovate or detonate by the McGrath Geelong agent Ricky Forte.
It had a $329,000 to $349,000 price guidance.
There was also a sale in Melbourne's Westmeadows when <a id="LPlnk256837" href="https://www.realestateview.com.au/real-estate/22-swan-avenue-westmeadows-vic/property-details-sold-residential-12269916/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">22 Swan Avenue</a> fetched $675,000 through Barry Plant Gladstone Park.
The price guide for the four bedroom, two bathroom house had been $610,000 to $650,000.
Another Saturday auction hopeful that sold was <a id="LPlnk160395" href="https://www.realestate.com.au/property-house-vic-roxburgh+park-130004822" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">4 Korab Place, Roxburgh Park</a>.
Set on a 580 sqm block, the house has an indicative price guide of $540,000 to $580,000.
It fetched $625,000.
The four bedroom two bathroom house was marketed as having a crescent driveway with room for seven vehicles.
It had been a $200,000 building project in 2010 after the block was bought six years earlier for $154,000.
<div>All up there was 32 percent success rate in Melbourne from around 200 offerings over the past week, mostly held mid-week.</div>
<div>
<div>Sydney had some 150 offerings over the past week which saw a fatigued 38 percent success rate in the final sales week.</div>
<div>There was a $925,000 Merrylands sale in Sydney.</div>
<div>
The three bedroom home at <a id="LPlnk378703" href="https://www.propertyobserver.com.au/https://www.realestate.com.au/130026390" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">1 Montrose Avenue sold through Starr Partners</a>, one of just a handful scheduled for Sydney weekend auction.
</div>
</div>
Queensland had an 11 percent success rate from the 95 auctions scheduled over the past week.
Canberra saw just 8 percent of its 30 listings find a buyer over the past week.
Adelaide was the most resilient with a 41 percent clearance rate from its 60 auctions over the past week, according to CoreLogic.
Its sales included <a id="LPlnk656681" href="https://www.realestate.com.au/property-house-sa-torrensville-130099886" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Stephens Avenue, Torrensville</a>, a four bedroom house set on a generous sized 1100 sqm holding which sold for an undisclosed price.
The 1930’s Tudor home was marketed as likely to "respond well to renovations or subdivision subject to council consent."
Auction volumes will be negligible now until early February, excepting in coastal locations.
Agents have listed dozens of fresh beachside offerings with many set for late January auction, especially on the Australia Day weekend.
Everything from a <a id="LPlnk626147" href="https://www.realestateview.com.au/real-estate/boatshed-8-point-king-beach-portsea-vic/property-details-buy-residential-12313877/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">bathing box at Portsea</a>, with $450,000 to $495,000 hopes; a 37th floor <a id="LPlnk507917" href="https://www.realestateview.com.au/real-estate/3701-crown-towers-5-19-palm-avenu-surfers-paradise-qld/property-details-buy-residential-12318110/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Surfers Paradise sub-penthouse</a> to a vacant waterfront <a id="LPlnk931582" href="https://www.realestateview.com.au/real-estate/24-the-anchorage-noosa-waters-qld/property-details-buy-residential-12301542/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Noosa Waters building block</a>.
In Western Australia there's <a id="LPlnk382" href="https://www.realestateview.com.au/real-estate/38-lanyard-boulevard-geographe-wa/property-details-buy-residential-12276339/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">a Port Geographe waterfront 838 sqm vacant block </a>with direct access to Geographe Bay set for January 19 auction.
Some beach offerings have been snapped up as soon as they hit the market including a beach shack at Berrara on the NSW far south coast that was listed at $1.75 million
<a id="LPlnk810369" href="https://www.realestateview.com.au/real-estate/18-myrniong-grove-berrara-nsw/property-details-buy-residential-12319421/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The home </a>that sits on a 1,138 sqm beachfront block quickly went under contract last week. 
The Ray White Surfers Paradise Group is gearing up for its annual auction program The Event, its flagship residential auction on Monday, January 28.
“The Australia Day long weekend will be the prime time for buyers as inquiries are traditionally up 60 per cent during January and we’re expecting next year to be no different," Ray White Surfers Paradise CEO Andrew Bell said.
</body></html>

No Santa Claus rally for pre-Christmas auction vendor hopefuls

<html><body>
As auctions volumes across the country shrink, hopefuls still remain in almost every state for the upcoming Saturday December 22nd auctions.
The eleventh hour auction offerings number in the dozens, rather than thousands that go on a typical Saturday.
Among the listing in the ACT is <a href="https://www.realestate.com.au/property-townhouse-act-nicholls-130003766" target="_blank">5/149 Kelleway Avenue, Nicholls</a> (pictured above).
This three bedroom two bathroom townhouse comes without a price guide.
Set on 146 sqm this home is located at the back of a Gold Creek complex and features a two car lockup garage.
<img src="https://www.urban.com.au/images/2018/12/20/Auction%20hopefuls%202.JPG" alt="">
In Queensland there is <a href="https://www.eplace.com.au/property/QLD-Sherwood-R2-1745693" target="_blank">38 Lance Street, Sherwood</a> (pictured above) set for auction this Saturday.
This holding is a vacant allotment set on 405 sqm.
The lot is situated within walking distance of local schools, public transport links, and amenities.
<img src="https://www.urban.com.au/images/2018/12/20/Auction%20hopefuls%203.JPG" alt="">
One Saturday auction hopeful in Victoria this week is <a href="https://www.realestate.com.au/property-house-vic-roxburgh+park-130004822" target="_blank">4 Korab Place, Roxburgh Park</a> (pictured above).
Set on a 580 sqm block the house has an indicative price guide of $540,000 to $580,000.
The four bedroom two bathroom house has a crescent driveway with room for 7 vehicles.
<img src="https://www.urban.com.au/images/2018/12/20/Auction%20hopefuls%204.JPG" alt="">
Carlingford is host to the NSW auction of <a href="http://tracyyap.com.au/1P9232/60-14-16-freeman-place-carlingford" target="_blank">60/14-16 Freeman Place</a> (pictured above).
The three bedroom two bathroom apartment is accompanied by an indicative price guide of $745,000 to $795,000.
Featuring a tandem lockup garage the unit is located near public transport links and other amenities.
<img src="https://www.urban.com.au/images/2018/12/20/Auction%20hopefuls%205.JPG" alt="">
A home in South Australia set for auction this weekend is <a href="https://www.realestate.com.au/property-house-sa-marino-130007318" target="_blank">43 Trumara Road, Marino</a> (pictured above).
Set on 1,123 sqm the home features views of the coast and Trumara.
The three bedroom one bathroom home is located within 30 minutes of the city.
<img src="https://www.urban.com.au/images/2018/12/20/Auction%20hopefuls%206.JPG" alt="">
The final state with a Saturday auction is Western Australia, with <a href="https://www.realestate.com.au/property-unit-wa-attadale-129972726" target="_blank">5/240 Burke Drive, Attadale</a> (pictured above) set to go under the hammer.
Set on 137 sqm the waterfront unit is located on an A class reserve.
The three bedroom two bathroom unit hasn't been offered to the market since the late 80's.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Hopefuls list on weekend before Christmas

<html><body>
A converted warehouse in Collingwood - with a Pinocchio mural on its back wall - passed in at weekend auction without any bid.
The truth was there were actually keen interested parties.
The post-auction negotiations involving three parties triggered the former leather goods factory at <a id="LPlnk975300" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-collingwood-129936162" target="_blank" data-auth="NotApplicable">54 Sydney Street</a> (above and below) selling post auction at $1.34 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/17/Coll1.jpg" alt="">
The eventual sale price sat midway between its $1.275 million to $1.4 million price guidance for the three bedroom, three bathroom home on its 170 sqm holding.
It was last offered at $700,000 plus in 2006. 
On the last busy Saturday for auctions before the traditional long summer break, Melbourne's 46.9 percent weekend auction success rate was the best performing capital city result, according to CoreLogic.
Click here <a href="https://www.propertyobserver.com.au/images/2018/12/17/dec17-CL.jpg" target="_blank">to enlarge</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/17/dec17-CL.jpg" alt="">
But the as yet unreported results will likely see the final under the hammer sales rate slip lower, possibly into the 30s as the few buyers remaining in the mid-December market have become more cautious and cagier.
<div class="x_page" title="Page 1">
<div class="x_section">
<div class="x_layoutArea">
<div class="x_column">
Melbourne was host to 1,179 auctions weekend auctions.
A $3,075,000 Fitzroy North sale topped the results, according to the Real Estate Institute of Victoria.
The <a id="LPlnk497953" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/10-alister-street-fitzroy-north-vic/property-details-buy-residential-12255278/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">10 Alister Street offering</a> (below) was marketed as a residence setting "a new benchmark in luxury family living with its stunning design, bespoke features throughout and impressive indoor/outdoor entertaining spaces."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/17/Fitz1.jpg" alt="">
It had five large bedrooms all with fully-fitted robes, plus five ensuite bathrooms and a guest powder room.
The Nelson Alexander price guidance had been $2.9 million to $3.1 million.
Over the same weekend last year, the Melbourne auction clearance rate was significantly higher with 65.9 per cent of the 1,630 auctions returning a successful result last December.
Canberra was the next strongest weekend market at 46.2 percent.
</div>
<div class="x_column">
There were 717 auctions held in Sydney with preliminary results showing a 43.6 per cent clearance rate. 
Over the same week last year 708 homes were taken to auction across the city returning a clearance rate of 52.7 per cent. 
"It will be interesting to see whether or not the final clearance rate can hold above 40 per cent this week," CoreLogic auction analyst Kevin Brogan noted.
Sydney's eastern suburbs returned the strongest preliminary clearance rate again this week at 65 percent from 43 results, with no other Sydney sub-regions above 50 percent. 
Sydney's top sale was the nation's top sale which came after 11 registrations to bid on a Cronulla waterfront home (below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/17/Cron.jpg" alt="">
</div>
</div>
</div>
</div>
The property at <a id="LPlnk409309" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/70-the-esplanade-cronulla-nsw/property-details-buy-residential-12253413/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">70 The Esplanade</a> sold through Ivan Lampret of Gibson Partners Real Estate for $3,787,000, the first time it had been listed in five decades.
Brisbane's fringe, the Beenleigh district had the cheapest weekend result, according to Domain, when a three bedroom unit was sold for $145,000.
The <a id="LPlnk429229" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/unit-14-24-28-albert-street-eagleby-qld/property-details-buy-residential-12246324/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">14/24-28 Albert Street, Eagleby</a> had previously sold in 2009 at $217,000, but was higher this time than its $133,500 sale in 2006.
Eagleby sits along the Gold Coast corridor about 30 minutes drive on the M1 to Brisbane or the Gold Coast.
Brisbane's clearance rate stood at 33 percent. 
Across all the capitals, there were 2,406 homes taken to auction over the week, down from both the previous week when 2,631 auctions were held, and this week last year when 2,890 auctions were held across the combined capital cities. 
<div class="x_page" title="Page 1">
<div class="x_section">
<div class="x_layoutArea">
<div class="x_column">
Preliminary CoreLogic results show a national clearance rate of 43.8 per cent this week, increasing from last week’s final clearance rate of 41 per cent, the lowest clearance rate recorded since October 2011. 
One year ago, a clearance rate of 60.7 per cent was recorded. 
"The final clearance rate has revised down below 42 per cent for the last three weeks and given the low preliminary result it’s possible that the final clearance rate may just fall below 40 per cent once the remaining results are collected," Brogan suggested.
"No Christmas cheer here," AMP Capital economist Shane Oliver tweeted after the weekend results.
"Credit tightening, supply surge, lower foreign demand, FOMO becoming FONGO, and tax issues point to more of the same next year," he suggested.
The much-publicised auction of gangland widow Roberta Williams’ former Essendon house failed to occur, but there was a sale.
The townhome at <a id="LPlnk366904" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/82-primrose-street-essendon-vic/property-details-sold-residential-12247259/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">82 Primrose Street</a> (below), which had been owned by her former father-in-law George Williams, had been listed with a reserve price of $750,000 by the Australian Tax Office to recoup his debts.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/17/Ess1.jpg" alt="">
The auction was cleared to go proceed after a last-minute legal challenge from Roberta Williams.
The listing agent David Vaughan of Nelson Alexander confirmed the pre-auction sale but would not disclose the price or buyer.
Next weekend Melbourne has just the 160 scheduled auctions, although many will not take place, being scheduled so close to the festivities.
</div>
</div>
</div>
</div>
While homes are still changing hands, the Melbourne auction market seems set to finish with its worst run since CoreLogic auction records began in 2008, amid the global financial crisis downturn.
Last weekend marked the first time every sub-region across Melbourne had failed to top 50 percent, although the inner south bucked the trend this weekend with a preliminary 57 percent success rate.
</body></html>

Auction buyers are increasingly cautious and cagey

<html><body><div class="heading">
Outback crime drama Mystery Road director Rachel Perkins couldn’t sell her Federation cottage at Bondi Beach when it went to weekend auction.
There was drama when the only bidder upped the offer from $2.3 million to $2.4 million. A young boy with the bidding couple then burst into tears as he didn’t want to move from his nearby abode.
Danielle Gillespie at Belle Property had a $3 million guide on the home, which Perkins had paid $1.5 million in 2010 with her then husband and fellow filmmaker Richard McGrath.
Perkins has spent $2.2 million on a three-bedroom Leichhardt park-side home.
This article was first published in the Sunday Telegraph.
</div></body></html>

firstname1-iYD4UYzvBa

Film director Rachel Perkins fails to sell former Bondi Beach home

<html><body>
A glamorous Tamarama modern home secured the nation's highest weekend sale, as auctions limped towards the extended summer break.
The top sale was when medicinal-cannabis industry chief Matt Cantelo sold his ultra cool Tamarama home for $8.4 million.
It was $200,000 under his reserve, but higher than the buyer's pre-auction offer.
The four-bedroom Neesen Murcutt-designed home on <a id="LPlnk538428" class="x_OWAAutoLink" href="https://www.realestate.com.au/property/12-carlisle-st-tamarama-nsw-2026" target="_blank" data-auth="NotApplicable">Carlisle Street </a>(above and below) came with ocean views.
It was built for Michelle O’Brien, director of golf and leisure wear label Birdee Sport.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/10/Tam2.jpg" alt="">
Cantelo, the chief of Australian Natural Therapeutics Group, bought it for $5,350,000 in 2012, then adding a cubby house and water slide in the garden below.
The Sunday Telegraph reported he was already committed to a $19,525,000 Vaucluse acquistion.
At 48 percent Sydney was the strongest capital city auction market, with all other capital cities having clearance rates below, dipping as low as 30 percent in Brisbane, according to CoreLogic.
Click here <a href="https://www.propertyobserver.com.au/images/2018/12/10/CL-Dec10.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/10/CL-Dec10.jpg" alt="">
AMP Capital economist Shane Oliver described the weekend results as "very weak."
He said it was result of a "perfect storm" of tight credit, supply surge, fall in foreign demand, the conversion to interest only loans to principle and interest, along with the fear of tax changes.
Oliver also said the market was seeing the impact of the transition from the “fear-of-missing” out mentality to a “fear-of-not-getting-out” anxiety..
Nationally there were 2,614 homes taken to auction over the week, down just slightly from the previous week when 2,749 auctions were held.
It was considerably lower than the same week last year when 3,371 auctions were held across the combined capital cities. 
The preliminary results show a clearance rate of 45.3 per cent, up on last week’s 41 percent final clearance rate, although as final results are collected  CoreLogic expect to see the clearance rate revise down below 45 per cent for the sixth consecutive week.
Melbourne was host to 1,283 auctions with preliminary results showing a clearance rate of 46.1 per cent, increasing from last week when the final clearance rate was a lower 42.7 per cent across 1,378 auctions. 
Over the same week last year, the auction clearance rate was significantly higher with 65.4 per cent of the 1,833 auctions returning a successful result.
A development site was Melbourne's top sale when a 1970s house at <a id="LPlnk159079" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/13-19-old-aqueduct-road-diamond-creek-vic/property-details-buy-residential-12246662/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">13-19 Old Aqueduct Road, Diamond Creek,</a> fetched $4.225 million (below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/10/Diamond.jpg" alt="">
The 12,042-square-metre townhouse development site easily surpassed its $2.3 million to $2.5 million quote.
The top house sale was a four-bedroom house on 4682 square metres at <a id="LPlnk256426" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/8-sarah-crescent-templestowe-vic/property-details-buy-residential-12224357/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8 Sarah Crescent, Templestowe</a> (below) for $2.9 million, up on the $2.5 million to $2.75 million price guide quote.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/10/Temp.jpg" alt="">
It came with cascading Italian Murano glass chandeliers.
The property last sold at $77,000 in 1978.
The AFL Magpies midfielder Levi Greenwood failed to sell his South Melbourne single-fronted terrace (below) which passed in at auction at $1.125 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/10/Bank.jpg" alt="">
There was only one bidder on the <a href="https://www.realestateview.com.au/real-estate/97-bank-street-south-melbourne-vic/property-details-buy-residential-12237983/" target="_blank">97 Bank Street offering</a> which has been renovated in a black and white theme since purchased in 2016 at $920,000.
It now comes with a $1.275 million asking price.
The Real Estate Institute of Victoria have advised some 1060 auctions next week, then some 150 auction on the weekend prior to Christmas. 
There were 853 auctions held in Sydney with preliminary results showing a 48 per cent clearance rate, up from 41.6 per cent across a higher volume of auctions last week (937), although as usual this will revise lower as final results are collected.
Over the same week last year 1,007 homes were taken to auction across the city returning a clearance rate of 52 per cent.
Domain Group updated last weekend’s Sydney clearance rate to just 35.8 per cent following the counting of late-reported results.
Across the smaller auction markets, Canberra saw auction volumes fall week-on-week.
<div class="x_page" title="Page 1">With a 43 percent success rate, Canberra's top sale was <a id="LPlnk965287" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-act-yarralumla-129896110" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">64 Banks St, Yarralumla</a>, a four bedroom house in Harris Hobbs-designed gardens which sold for $1,735,000.</div>
</body></html>

Cool Tamarama home home sells at weekend auction

<html><body>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
The number of auction vendors hoping to find a buyer has continued to rise, but traditionally as December arrives, clearance rates wane.
This year more so than ever.
It's not just the the seasonal distractions of Christmas, the cricket and heading off to the coast.
Many buyers have taken a look at the 2018 stock that's on market and instead decided to postpone purchasing until next year when the likelihood is that prices will be cheaper. 
The weekend sale turnover in Sydney totalled just $129 million in sales, well down on the $600 million this time last year, Domain calculated.
Melbourne had $258 million in recorded weekend sales compared to $826 million the same weekend last year.
There are definitely far fewer buyers around, with many no bid auctions, agents says.
The top result was in coastal Sydney, just above the beach at Newport.
The <a href="https://www.realestateview.com.au/real-estate/15-karloo-parade-newport-nsw/property-details-sold-residential-12125224/" target="_blank">15 Karloo Parade offering</a> sold pre-auction for $5.5 million through LJ Hooker agents Lachlan Elder and Josephine Cowling.
It sold for less than its price guidance.
There had been $5.8 million hopes for the Timothy Moon-designed house at Bungan Beach on the northern beaches.
</div>
</div>
</div>
</div>
Sydney's weekend clearance rate sat at 41.4 percent, Domain reported, with unreported results likely to see it fall into the 30s.
Melbourne did fall into the 30s in spring's last weekend, and was at 45 percent based on the preliminary results on the first weekend of summer.
SQM's Louis Christopher recently noted the data showed there had been three prior times when Sydney auction clearance rates had sunk into the 30s.
"That was in October/November 2008 during the GFC, May 2004 after the NSW vendor stamp duty was introduced and July 1989 when the cash rate hit 17 percent," <a href="/expert-insights/buying/spring-auctions-could-slump-into-the-30s">Property Observer reported</a>.
As clearance rates have fallen, selling prices have also dropped back.
Melbourne's cheapest sale was $305,000 for a one bedroom apartment in Box Hill.
The sale of <a href="https://www.realestateview.com.au/real-estate/406-1-3-watts-street-box-hill-vic/property-details-buy-residential-12089710/" target="_blank">406/1 Watts Street, Box Hill</a> was well below the $320,000 to $352,000 price guidance.
The recent $370 a week rental also sold well below its 2011 $390,000 sale price, CoreLogic advised.
Melbourne's top sale was <a href="https://www.realestateview.com.au/real-estate/11-wheatland-road-malvern-vic/property-details-sold-residential-12222971/" target="_blank">11 Wheatland Road, Malvern</a> (pictured below) at $4.01 million. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/3/malvern-vic.jpg" alt="">
The four bedroom newly renovated Federation home had $3.8 million to $4.1 million price guidance through Iain Carmichael at Jellis Craig.
The busiest suburbs for weekend auctions were in Victoria, with Glen Waverley topping the list with 25 offerings, according to CoreLogic data.
<a href="https://www.realestateview.com.au/sales-and-auction-results/victoria/g/glen-waverley-vic-3150/" target="_blank">Of the 17 advised auction results</a> the priciest offering failed to sell, with 697 High Street Road passed in on a $1.5 million vendor bid.
CoreLogic recently calculated the national clearance rate dipping to 41.9 per cent, the lowest result for six years.
<img src="https://www.urban.com.au/images/2018/12/3/CL%20DEC%203%20Weekly.JPG" alt="">
Some 2,742 homes were taken to auction across the combined capital cities over the past week, slightly higher than the 2,701 auctions held in the prior week.  
Current volumes remain lower than over the same period last year when the final national clearance rate was recorded at 60.3 per cent across 3,291 auctions.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Brisbane was the weakest east coast capital with a 40 percent clearance rate, according to CoreLogic.
</div>
</div>
</div>
</div>
The former Test spinner turned stock market trader Nathan Hauritz and wife Dianne had hoped to secure a weekend auction buyer of their Brisbane home (pictured top).
But now it is listed <a href="https://www.realestateview.com.au/real-estate/42-cowper-street-bulimba-qld/property-details-buy-residential-12224325/" target="_blank">with $925,000 plus hope</a>s.
They paid $680,000 for the Bulimba home in 2013.
The 1950s three bedroom, one bathroom home featuring traditional period features including polished timber floors and high ceilings, had been scheduled for auction through Ray White Bulimba agent Alex Donnan.
Another postwar Brisbane home fared better.
In Wooloowin, <a href="https://www.realestate.com.au/property-house-qld-wooloowin-129839282" target="_blank">53 View Street </a>(pictured below) attracted 11 registered bidders, four of whom were active during the auction, Domain reported.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/3/wooloowin%20.jpg" alt="">
The house, which sold for $875,000 to a developer, had been owned by one family since 1949.
The ANZ-backed REALas price tipping website struggled to anticipate the buyer demand with <a href="https://realas.com/property/53-VIEW-STREET-WOOLOOWIN-QLD-4030-8291895" target="_blank">their forecast $742,000 advisory</a>.
 
</body></html>

Nathan Hauritz caught as auction success rate deteriorates into the 30s

<html><body>
Blue chip Armadale just pipped Toorak to take the Melbourne's priciest weekend auction result, with the best of working class Maribyrnong in a surprise third place.
<a id="LPlnk224353" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/19-adelaide-street-armadale-vic/property-details-sold-residential-12205305/" target="_blank" data-auth="NotApplicable">The Adelaide Street, Armadale result</a> was $5,678,500 with three bidders competing for the signature Wayne Gillespie designed home set within Paul Bangay designed gardens with pool.
The three bedroom home on 759 sqm (above) last traded at $485,000 in 1993.
There was a $5.62 million sale in neighbouring Toorak with just the two bidders for <a id="LPlnk857417" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/7-torresdale-court-toorak-vic/property-details-buy-residential-12206715/" target="_blank" data-auth="NotApplicable">7 Torresdale Court</a> (below) which was listed with $4.8 million to $5.2 million price guidance.
It was announced on the market at $5.4 million. 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/Torre.jpg" alt="">
Maribyrnong had the third highest weekend result across Melbourne when Grandview, a riverfront reserve home (below) fetched $4.14 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/Marib3.jpg" alt="">
The price guidance for the four bedroom house on 1890 sqm at 96 The Esplanade Maribyrnong had been $3.6 million to $3.95 million.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/Grand1.jpg" alt="">
The ANZ-backed REALas price tipping website was well off the pace with <a id="LPlnk566630" class="x_OWAAutoLink" href="https://realas.com/property/96-THE-ESPLANADE-MARIBYRNONG-VIC-3032-11619691" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">their forecast $3.66 million advisory.</a>
The strip's previous highest recorded result was $3.4 million last year.
The highest house sale across the capital cities at weekend auctions was in Drummoyne in Sydney for $5.8 million.
<a id="LPlnk292473" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/53-dening-street-drummoyne-nsw/property-details-buy-residential-12187335/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The 53 Dening Street home</a> (below), was reported by The Sunday Telegraph to have sold for $650,000 above reserve, after three local Chinese families competed.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/Drum1.jpg" alt="">
The vendors had bought the battle-axe 771 sqm property for $1.45 million in 2004 before construction of its Richard Archer-designed home which cost $1.5 million to build.
Across Australian capital cities, there were 2,689 homes taken to auction over the past week, much lower than the same time last year when 3,438 auctions were held across the combined capital cities.
<div class="x_page" title="Page 1">
<div class="x_section">
<div class="x_layoutArea">
<div class="x_column">
Preliminary results show a national clearance rate of 46.9 per cent this week. 
One year ago, a clearance rate of 61.1 per cent was recorded, Corelogic noted.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/CL-Nov26.jpg" alt="">
"As final results are collected we will likely see the clearance rate revise down below 45 per cent for the fourth consecutive week," CoreLogic auction analyst Kevin Brogan said.
Melbourne was host to 1,137 auctions with a preliminary clearance rate of 44 per cent, up from last week when the final clearance rate dropped to 41.3 per cent across 1,401 auctions. 
On the same weekend last year, the Melbourne auction clearance rate was 65.5 per cent from 1,736 auctions.
<div class="x_page" title="Page 1">
<div class="x_section">
<div class="x_layoutArea">
<div class="x_column">
Preston topped the list as the busiest suburb across the nation with 18 homes scheduled for auction, followed by Northcote (17) and Epping (16).
<a id="LPlnk654086" class="x_OWAAutoLink" href="https://www.realestateview.com.au/sales-and-auction-results/victoria/p/preston-vic-3072/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Preston results</a> ranged between $572,000 for a two bedroom High Street apartment and $1.2 million for a four bedroom house. 
</div>
</div>
</div>
</div>
</div>
<div class="x_column">
There were 1,021 auctions held in Sydney this week making it the fifth busiest week of 2018 for the city with preliminary results showing a 52.4 per cent clearance rate, up from 42.8 percent across 875 auctions last week. 
"It’s possible that when the final results are released the clearance rate may just hold above 45 per cent, after falling below that for four of the past five weeks," Brogan advised.
Across the smaller auction markets, Adelaide was the top performer at 52.4 percent.
Adelaide's 82 results included the nation's cheapest sale.
It was a three bedroom decease estate at <a id="LPlnk364807" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-sa-smithfield-129826322" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">34 Anderson Walk, Smithfield</a> that fetched $166,000.
</div>
</div>
</div>
</div>
</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