<p><a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.</p>

<p>A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.</p>

<p>Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360965]</p>

<p>“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.</p>

<p>From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.</p>

<p>The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360981]</p>

<p>Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.</p>

<p>A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.</p>

<p>Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360966]</p>

<p>Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.</p>

<p>“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.</p>

<p>Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360969]</p>

<p>Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.</p>

<p data-end="8307" data-start="8063">The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.</p>

<p data-end="8543" data-start="8312">“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”</p>

<p data-end="8915" data-start="8548">The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.</p>

<p>The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.</p>

<p>[smartcode_project_cta:default project_id=149670]</p>


Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

<p>A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.</p>

<p>The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.</p>

<p>Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.</p>

<p>The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.</p>

<p>The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" /></p>

<p>Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.</p>

<p>Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.</p>

<p>The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."</p>

<p>The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" /></p>

<p>Campbelltown has been starved of new residential developments in the last decade.</p>

<p>The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.</p>


First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

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</p>

<p>A 60-apartment building nine storeys tall would be a rarity almost anywhere along this stretch of Moreton Bay, but that's exactly what's been lodged for a modest Deception Bay street better known for its single-storey weatherboard homes.</p>

<p><a href="https://www.apartments.com.au/developers/sherlock-construction-homes">Sherlock Construction Homes</a> is seeking to push Deception Bay’s emerging medium-density housing profile higher, lodging plans for a nine-storey apartment building near the suburb’s shopping centre and foreshore.</p>

<p>Dubbed Grosvenor Apartments, the proposal at 14-20 Grosvenor Terrace would replace two detached homes with a new building designed by&nbsp;<a href="https://www.apartments.com.au/architects/mode">Mode Design</a>&nbsp;which would&nbsp;reach nearly 30 metres, well above the site’s mapped 21-metre building height.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="86c21a25-5a97-4ca7-a361-80757137ea5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%20front.png?VersionId=aXIujfvEhH33sLHOEjHFv9Ii6qxSvAF4" /></p>

<p>The apartment mix is weighted toward larger homes, with 14 three-bedroom apartments, 31 two-bedroom apartments and 15 one-bedroom apartments. Six apartment types are spread across the floors, ranging from 66 sqm one-bedroom units through to three-bedroom apartments of 116 sqm, most with private balconies or terraces.</p>

<p>Levels one through seven follow a consistent layout of six to eight apartments per floor arranged around a central lift and stair core, with the top floor, level eight, trading one apartment for a landscaped community breakout space rather than repeating the standard layout below.</p>

<p>Ground floor is dedicated to arrival and services, with a lobby, mailroom and manager's office, alongside 91 car spaces.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="b098bde0-5fe1-4e6c-9601-e5446612e5fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20podium.png?VersionId=A0hfENMNxSxkfh9Jl6D4WJ9XIraeOukA" /></p>

<p>Mode Design's brief describes a "serene coastal-inspired design blending soft curves, natural textures and light-filled spaces to reflect the relaxed Deception Bay lifestyle."&nbsp;</p>

<p>The material palette leans on white and grey render, timber-look aluminium screening and stacked-brick-look finishes, with hanging greenery and vine planting proposed across balcony edges and ground-level walls.&nbsp;</p>

<p>Balconies feature asymmetrical geometries intended to vary the building's rhythm rather than repeat a single module up the tower, while lush planting is concentrated over the entry and level one balconies to soften the building's base.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="c05c5693-3e00-42d0-b075-55c36094f4db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%201.png?VersionId=cMKJgBsBaaVCd2dA5O22SOT38OT_.BPA" /></p>

<p>The design evolved following an April 2025 prelodgement meeting with council. At that stage, the project was conceived as a seven-storey building containing 45 apartments. The subsequently lodged scheme increases the development to nine storeys and 60 apartments while introducing one-bedroom residences to the mix.</p>

<p>Zone Planning argues the additional scale reflects the site's position within an area earmarked for increased residential intensity. The planning report points to the North Lakes-Redcliffe-Moreton Bay Rail corridor strategy, which identifies Deception Bay as a district-level activity centre and supports greater housing choice within urban neighbourhoods.</p>

<p>Market Square Deception Bay, Deception Bay Sports Centre, Deception Bay State School, public transport, community facilities and the Moreton Bay foreshore are all identified within approximately one kilometre of the site, while the property falls within a 400-metre walking catchment of Market Square.</p>

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

<p data-end="587" data-start="368">Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.</p>

<p data-end="778" data-start="589">The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.</p>

<p data-end="907" data-start="780"><a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.</p>

<p data-end="1052" data-start="909">The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.</p>

<p data-end="1311" data-start="1054">The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.</p>

<p data-end="1451" data-start="1313">The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.</p>

<p data-end="1676" data-start="1453">MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.</p>

<p data-end="1908" data-start="1678">Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.</p>

<p data-end="2142" data-start="1910">The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.</p>

<p data-end="2142" data-start="1910"><img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" /></p>

<p data-end="2308" data-start="2144">MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.</p>

<p data-end="2648" data-start="2310">"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.</p>

<p data-end="2797" data-start="2650">"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."</p>

<p data-end="2938" data-start="2799">The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.</p>

<p data-end="3216" data-start="2940">Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.</p>

<p data-end="3325" data-start="3218">Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.</p>

<p data-end="3442" data-start="3327">"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.</p>

<p data-end="3662" data-start="3444">"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."</p>

<p data-end="3818" data-start="3664">MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.</p>

<p data-end="4076" data-start="3820">"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.</p>

<p data-end="4375" data-start="4078">"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."</p>

<p data-end="4503" data-start="4377">Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.</p>

<p data-end="4741" data-start="4505">"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."</p>

<p data-end="4910" data-start="4743">The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.</p>

<p data-end="4951" data-start="4912">MAYD is targeting an early 2027 launch.</p>


First look at MAYD's North Kirra mixed-use precinct

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<p data-end="600" data-start="394">Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.</p>

<p data-end="733" data-start="602">But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.</p>

<p data-end="970" data-start="735">Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.</p>

<p data-end="970" data-start="735">[smartcode_project:default project_id=152737 project_image_fid=377679]</p>

<p data-end="1159" data-start="972">The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.</p>

<p data-end="1357" data-start="1161">It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.</p>

<p data-end="3400" data-start="3216">[smartcode_project:default project_id=152737 project_image_fid=377675]</p>

<p data-end="3400" data-start="3216">Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.</p>

<p data-end="1664" data-start="1517">Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.</p>

<p data-end="1826" data-start="1666">Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.</p>

<p data-end="1826" data-start="1666">[smartcode_project:default project_id=152737 project_image_fid=377685]</p>

<p data-end="2045" data-start="1828">Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.</p>

<p data-end="2269" data-start="2047">"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.</p>

<p data-end="2430" data-start="2271">A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.</p>

<p data-end="2606" data-start="2432">It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.</p>

<p data-end="2724" data-start="2608">At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.</p>

<p data-end="2892" data-start="2726">Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.</p>

<p data-end="2892" data-start="2726">[smartcode_project:default project_id=152737 project_image_fid=377680]</p>

<p data-end="3004" data-start="2894">Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.</p>

<p data-end="3214" data-start="3006">"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.</p>

<p data-end="3400" data-start="3216">The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.</p>

<p data-end="3400" data-start="3216">More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.</p>

<p data-end="3670" data-start="3538">&nbsp;</p>

<p data-end="3670" data-start="3538">[smartcode_project_cta:default project_id=152737]</p>

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Weekend Auctions

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<p>Adelaide delivered the strongest weekend auction result of all the capital cities - and also had one of the notable sales at $5.2 million.</p>
<p>It was a seven bedroom Tennyson beachside mansion sold by the Shahin family, owners of Peregrine Corporation, one of the state's biggest petrol convenience store operators.</p>
<p>The three-storey 2010-built home at <a id="x_mcntLPlnk705040" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-sa-tennyson-123662606" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">81 Seaview Road Tennyson</a> (above and below) had been for sale on and off for four years through almost a dozen different agents, The Sunday Mail reported.</p>
<p>It's initial asking price was $5.9 million for the home with sea views from most of its 1000 sqm space.</p>
<p><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/2018/11/19/tenny2.jpg" alt=""></p>
<p>It was built after the 755 sqm block was bought for $1.95 million in 2009.</p>
<p>"The scope of architectural bravery invested sets a new benchmark in design and functionality," Sotheby's selling agent Grant Giordano said.</p>
<p>The Indaily website reported the home had been designed to emulate “a luxury cruise liner.”</p>
<p>Adelaide's clearance rate was 64 percent, according to CoreLogic, well ahead of the next best selling capital which was Sydney on 48.5 percent.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/11/19/CL-Nov19.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/11/19/CL-Nov19.jpg" alt=""></p>
<p>The national national clearance rate sat at 45 percent but is expected to fall below 45 per cent for the third consecutive week.</p>
<div class="x_mcntcq-article-content-paras x_mcntsection">
<p>Last week's final auction clearance rate fell to its lowest level since 2012 at 42.7 percent.</p>
<p>Melbourne delivered a weakened result with a 43.5 per cent preliminary clearance rate from its 1400 auctions. </p>
<div>Melbourne was host to 1,411 auctions down from the 1,732 auctions this time last year.</div>
<div> </div>
<div>The top sale was <a id="x_mcntLPlnk363034" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-129567206" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">21 Kinkora Road, Hawthorn</a> (below) was $6.1 million with two bidders seeking the offering.</div>
<div> </div>
<div><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/2018/11/19/hawt1.jpg" alt=""></div>
<div> </div>
<div>The six bedroom 1920s home on 1570 sqm had been listed with $5 million to $5.5 million price guidance.</div>
<div> </div>
<div>It was announced on the market at $5.7 million, but the buyers agent Mal James suggested the sale price reflected a 15 percent dip in land price on 2016/2017 results.</div>
<div> </div>
<div>AMP Capital chief economist Shane Oliver told Fairfax Media that Melbourne was "starting to look even weaker than Sydney."</div>
<div> </div>
<div>Melbourne also had the nation's cheapest sale when <a id="x_mcntLPlnk797433" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/8-177-north-road-elsternwick-vic/property-details-sold-residential-12187721/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8/177 North Rd, Gardenvale</a> was sold for $250,000 pre-auction.</div>
<div> </div>
<div>The top floor one bedroom 1960s unit with 38 sqm space last sold in 2008 for $180,000.</div>
<div> </div>
<div>The revamped childhood home of former North Melbourne coach Denis Pagan failed to sell at weekend auction.</div>
<div>
<p id="x_mcntU6428706235541ME" class="x_mcntgolastlownoline">The auction offering at <a id="x_mcntLPlnk598448" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/140-station-street-carlton-vic/property-details-buy-residential-12182925/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">140 Station Street, Carlton</a> (below) was a new townhouse incorporated by developers into the original weatherboard home of the Pagan family.</p>
<p class="x_mcntgolastlownoline"><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/2018/11/19/CARL.jpg" alt=""></p>
<p id="x_mcntU642870623554eFI" class="x_mcntgolastlownoline">The three bidders stopped at $2.125 million.</p>
<p class="x_mcntgolastlownoline">It is now for sale at $2.2 million.</p>
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<div>The Herald Sun reported Melbourne auction numbers will remain high until mid-December, with close to 1000 next weekend despite the Victorian state election.</div>
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<p>Sydney, with 874 auctions scheduled, returned a preliminary clearance rate of 48.5 per cent.</p>
<p>It was less active than the same week last year when 1,061 homes were taken to auction across the city. </p>
<p>"The final auction clearance rate for Sydney has been below 45 per cent for three of the past four weeks, and it’s likely that we will see that again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.</p>
<div>Last November the clearance rate across Sydney was recorded at 54.8 per cent.</div>
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<div>Sydney's top sale was <a id="x_mcntLPlnk569352" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-mosman-129570438" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">13 Cyprian Street, Mosman</a> (below), which sold for $4,925,000.</div>
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<div><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/2018/11/19/mos1.jpg" alt=""></div>
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<div>The deceased estate was offered to the market for the first time in 57 years.</div>
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<div>Brisbane's clearance rate sat at the weakest on the east coast at 40 percent.</div>
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<div>There was $4.275 million sale at <a id="x_mcntLPlnk201837" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-bardon-129601450" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">34 Satinwood Court, Bardon</a> through Ray White.</div>
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<div>There were five local registered bidders who sought the five-bedroom house set on 3519 sqm.</div>
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<div>There were 2,753 homes taken to auction across the capitals, up from 2,386 over the previous week, although much lower than the 3,390 auctions were held across the combined capital cities this time last year when there was a 60.9 success rate per cent.</div>
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j.ballantyne1990-6AQqhLzZaK

Adelaide star in weekend auctions

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<p>Actress Claudia Karvan and longtime partner Jeremy “Jez” Sparks sold their inner Sydney warehouse on the eve of its scheduled weekend auction.</p>
<p>The undisclosed price was above its $2.7 million guidance for the East Redfern warehouse.</p>
<p>The four-level laneway residence sold to purchasers who lived in the neighbourhood.</p>
<p>Karvan, currently on a film shoot in the Middle East, and Sparks, an ­engineer, had owned the four bedrooms, three bathrooms space with a garage, for 15 years.</p>
<p>The 280 sqm property comes north-facing rooftop terrace with city skyline views,</p>
<p>“I can’t imagine ever leaving Redfern,” she told The Sunday Telegraph as they own elsewhere nearby.</p>
<p><a href="https://www.realestate.com.au/property-house-nsw-redfern-129470602" target="_blank">The Charles St warehouse residence</a> (above) comes with a door from a Clovelly petrol station; railway ceiling lights from Carriageworks; teak doors from Bali and a steel staircase from a 1960s factory.</p>
<p>It’s among five residences in the former clothing factory purchased by Sparks’s family in 1994.</p>
<p>The focus was on the Sydney auction market this week as Melbourne has had low auction activity due to the Spring Racing Carnival. </p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/11/5/CL-Nov5.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/11/5/CL-Nov5.jpg" alt=""></p>
<p>The 801 Sydney auctions secured a preliminary 47 percent clearance rate, which is about three percent lower than last week.</p>
<p><span>The most expensive house reported sold was a five-bedroom, mid-century house at </span>2 Coolawin Road, Northbridge (below)<span>. The property with a deep-water jetty was sold for $4.81 million.</span></p>
<p><span><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/2018/11/5/north.jpg" alt=""></span></p>
<p>Sales included five-bedroom hoarders' estate at Roseville Chase.</p>
<p>Items dating back more than half a century saw both the home and its yard full of rubbish.</p>
<p>Four of the 12 registered parties took the sale price to $1.763 million, some $263,000 above reserve for the 1100sqm holding at <a href="https://www.realestateview.com.au/real-estate/17-lockley-parade-roseville-chase-nsw/property-details-buy-residential-12168233/" target="_blank">17 Lockley Pd</a> which was was described as a “worst house, best street opportunity."</p>
<p>The buyers’ plan to rebuild.</p>
<p>In Melbourne's Fitzroy North a house vacated years ago after being gutted by fire sold for $970,000.</p>
<p>A young couple from the Fitzroy area won the keys, The Herald Sun reported.</p>
<p>There was heritage facade, but the rest of the 200 sqm space would require a full rebuild costing  another $400,000 to $800,000.</p>
<p>There were just the two bidders on the <a href="https://www.realestateview.com.au/real-estate/106-queens-parade-fitzroy-north-vic/property-details-buy-residential-12166608/" target="_blank">106 Queens Pde offering</a> (below).</p>
<p><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/2018/11/5/fitz.jpg" alt=""></p>
<p>The house was announced on the market at $910,000 by the Sydney-based vendor.</p>
<p>Melbourne's top sale was the so-called White House at Wheelers Hill which fetched $2.02 million, well above the $1,690,000 to $1,859,000 price guidance.</p>
<p>It was built by the Temelli family on the 832sq m block at <a href="https://www.realestate.com.au/property-house-vic-wheelers+hill-129499326" target="_blank">110 Grandview Rd</a> (below) bought in 1986 for $78,000.</p>
<p>They finished the grand residence about eight years later.</p>
<p><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/2018/11/5/Wheelers1.jpg" alt=""></p>
<p>Harcourts Judd White auctioneer Andrew Dimashki saw it sold to a family moving to Melbourne from China.</p>
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<p>Melbourne saw the most notable dip in volumes coming off the back of the second busiest week for auctions this year last week (1,709).</p>
<p> </p>
<p>There were only 264 Melbourne homes taken to auction this week, returning a preliminary clearance rate of 50.5 per cent. Last week, a final clearance rate of 48.6 per cent was recorded across the higher volumes.</p>
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<p><span>The first week of November saw fewer homes taken to auction across all the combined capital cities, after last week recorded the fifth busiest week for auctions this year with 2,928 offerings.</span></p>
<p><span> There were a total of 1,529 auctions held returning a preliminary auction clearance rate of 47.4 per</span><span>cent, increasing only slightly on last week’s final </span><span>clearance rate of 47 per cent. </span></p>
<p><span>"As the remaining results are collected, the final clearance rate will see its usual downward revision and likely come in lower than last week," CoreLogic auction analyst Kevin Brogan noted.</span></p>
<p><span> Over the corresponding week last year, a much higher 61.5 per cent of auctions were successful from 2,046 listings.</span></p>
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<p><span>Across the smaller auction markets, Adelaide was the best performing in terms of clearance rates with 57 per cent of auctions successful, while only 33.3 per cent of homes sold across Brisbane this week.</span></p>
<p><span>The Brisbane sales included a </span>two bedroom apartment in a leafy pocket of Taringa that fetched $380,000.</p>
<p>The <a href="https://www.realestate.com.au/sold/property-unit-qld-taringa-129446218" target="_blank">1/22 Union Street listing</a> was last sold in 1997 at $397,000.</p>
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Claudia Karvan sells East Redfern warehouse pre-auction

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<div class="std uc card-section f ucm">A knockdown house in Melbourne's Armadale that sold for $7.8 million last November attracted a $5.7 million top bid at its weekend auction.</div>
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<a href="https://www.realestate.com.au/property-house-vic-armadale-129474474" target="_blank">The four-bedroom, two-bathroom house</a> on a 1210-square metre block now comes with a $6.2 million asking price.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Reports when it sold last November for $7.8 million indicated<span> a crowd of 80 onlookers watched three bidders – all developers – slug it out for the large 1920s residence</span>.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">The property was auctioned last year by RT Edgar with the buyer then losing the deposit.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Quoted at $7 million, RT Edgar auctioneer Mark Wridgway sold the deceased estate at $500,000 above reserve.</div>
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<p>The property went to a late bidder at its 2017 auction who stepped into the ring just before the listing was declared on the market at $7.325 million.</p>
<p>The four-bedroom house with extensive rear grounds was signalled as set to get a cosmetic renovation before being redeveloped at a later date as a single new home.</p>
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<div class="std uc card-section f ucm">The weekend auction was conducted by Marshall White.</div>
<div class="std uc card-section f ucm">  </div>
<div class="std uc card-section f ucm">It last sold in 1976 for $130,000.</div>
<div class="std uc card-section f ucm"> </div>
<div class="std uc card-section f ucm">Television viewers might think that Melbourne real estate is still very strong as all five apartments in The Block Gatwick sold under the hammer at weekend auction.</div>
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<p>But its 100 percent success rate achieved by the Channel Nine renovation series was not reflected in reality, as just short of half of Melbourne vendors secured their own home sale at weekend auctions.</p>
<p>St Kilda's other six apartment weekend offerings saw just two sales.</p>
<p>The St Kilda auction success rate over the September quarter was calculated a 51 percent clearance rate by CoreLogic.</p>
<p>The national weekend auction levels sat the highest level since March with 2,919 homes taken to auction across the combined capital cities.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/29/CL-stats.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/10/29/CL-stats.jpg" alt=""></p>
<p>The higher volumes were largely due to Melbourne vendors who are rushing to auction prior to the Melbourne Cup Carnival slowdown where volumes will temporarily wane.</p>
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Melbourne's top sale was in Brighton where a distinctive French Provincial style home sold for $6.1 million (below).</div>
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<div class="page" title="Page 1"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/29/bright.jpg" alt=""></div>
<p data-reactid="433">The price guidance had been $5 million to $5.2 million for <a href="https://www.realestate.com.au/property/4-moule-ave-brighton-vic-3186" target="_blank">the house with 60 squares of internal living</a>.</p>
<p data-reactid="433">It was marketed as having "meticulous finishes and versatile, gallery-inspired spaces."</p>
<p data-reactid="433">It came with six bedrooms and five bathrooms.</p>
<p data-reactid="433">The house previously sold for $3,500,000 in March 2006.</p>
<p data-reactid="433">There was a $5.85 million result at 37 Elizabeth Street, Malvern of a <a href="https://www.realestateview.com.au/real-estate/37-elizabeth-street-malvern-vic/property-details-sold-residential-12146799/" target="_blank">Nicholas Day-designed home</a> (below).</p>
<p data-reactid="433"><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/2018/10/29/Malvern1.jpg" alt=""></p>
<p data-reactid="433">It had $5 million to $5.5 million price guidance from Jellis Craig.</p>
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<p>Melbourne was host to 1,706 auctions making it the second busiest weekend this year.</p>
<p>The preliminary Melbourne results show a clearance rate of 49.8 per cent, up from the revised 45.7 per cent outcome on the prior weekend, which was the lowest clearance rate seen since June 2012.</p>
<p>Over the same week last year, the Melbourne auction clearance rate was significantly higher with 70 per cent of the 1,983 auctions returning a successful result.</p>
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<p>There were 796 auctions held in Sydney, up from 675 last week, although substantially lower than the 1,215 homes taken to auction this time last year.</p>
<p>Corelogic put the preliminary results at 50.7 per cent, up from the revised 44.6 per cent last week which had seen an initial 52 percent preliminary rate.</p>
<p>"The final auction clearance rate has been sitting below 50 per cent for four consecutive weeks now, and it is likely to be the case again this week as final results are collected," CoreLogic auction analyst Kevin Brogan said.</p>
<p>Sydney one year ago had a clearance rate of 58.3 per cent.</p>
<p>The highest Sydney weekend sale was the five bedroom Yarrawin, at <a href="https://www.realestate.com.au/property-house-nsw-darling+point-129472518" target="_blank">13 Etham Avenue, Darling Point</a>, (below) which sold at its $5 million reserve shortly after its auction.</p>
<p><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/2018/10/29/darling.jpg" alt=""></p>
<p>Across the smaller auction markets, preliminary results show a weekly improvement in clearance rates across all cities except Brisbane.</p>
<p>But only Adelaide's 67 percent success rate sits higher than the same time last year when it was 62 percent.</p>
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Armadale trophy home site listing sees possible $2.1 million price fall

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<p>A turreted beachfront terrace on Port Phillip Bay topped the nation's weekend auction sales, as clearance rates tumbled across the capital cities.</p>
<p>Sydney's weekend clearance rate dropped to 44 percent according to Domain, with Melbourne not faring too much better at 48 percent.</p>
<p>The deterioration had market watchers anticipate auction clearance rates dipping into the 30s. </p>
<p><img src="https://www.urban.com.au/images/2018/10/22/CL%20OCT%2020%20Auctions.JPG" alt=""></p>
<p>SQM's Louis Christopher noted three previous times when Sydney auction clearance rates sunk into the 30s.</p>
<p>"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."</p>
<p>Domain chief analyst Nicola Powell said the trend suggested there would not be any improvement before the year is out.</p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"I think this is what we are going to see for Sydney for the rest of the year," she told Fairfax Media.</p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1"><span>Dr Andrew Wilson at My Housing Market advised the marketed had "plunged to new depths" on Saturday in the toughest market conditions since the economic shock of the GFC.</span></p>
<p data-gtm-vis-recent-on-screen-7770372_137="3385" data-gtm-vis-first-on-screen-7770372_137="3385" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1"><span>"<span>A rising crisis of confidence is now gripping markets with buyer and seller wariness," he noted.</span></span></p>
<p>CoreLogic noted there had been increase in auction volumes with 2,119 homes taken to auction across the capital cities, up from 1,851 over the previous week.</p>
<p>But it was still lower than the same time last year when 2,519 auctions were listed.</p>
<p>Preliminary CoreLogic results showed a clearance rate of 49.8 per cent across the capital cities, considerably lower than the 64.7 percent in mid-october last year.</p>
<p>"It marked the fourth consecutive week where the clearance rate has been below 50 per cent," Kevin Brogan noted.</p>
<p><span>Melbourne was host to 1,088 auctions</span>.</p>
<p>The most expensive home sold in Melbourne was a four-bedroom terrace house with rooftop turrets at <a href="https://www.realestateview.com.au/real-estate/213-beaconsfield-parade-middle-park-vic/property-details-buy-residential-12112349/" target="_blank">213 Beaconsfield Parade, Middle Park</a> (top) for $5.3 million after a $5.1 million opening vendor bid which was matched by a bidder.</p>
<p><span>Two other parties had flagged interest, but chose not to bid, and, after post auction negotiations, the sole bidder raised the offer by $200,000.</span></p>
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<p>The iconic beachfront home has a distinct heritage facade with a castle-like top providing the crowning glory to the traditional terrace.</p>
<p>There was only one bidder for the restored Victorian era residence with a contemporary B.E Architecture update on its 319 sqm lot.</p>
<p><span><span><span>There had been $5 million to $5.5 million price guidance of the once once owned in the early 1990s by the</span></span></span> IVF pioneer Professor Carl Wood who had paid $465,000 in 1990.</p>
<p><span><span><a href="https://www.realestateview.com.au/real-estate/33-35-mount-street-eaglemont-vic/property-details-buy-residential-12126177/" target="_blank">St Clair</a> (below), a landmark 1934 Eaglemont offering did not sell.</span></span></p>
<p><span><span><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/2018/10/22/Eagle.jpg" alt=""></span></span></p>
<p>The lofty 2261-square-metre offering atop Mount Eagle now comes with a $3.9 million asking price through Nelson Alexander agent Gordon Hope who had initial $3.8 million to $4 million price guidance.</p>
<p>The house at 33-35 Mount Street last sold in 1994 at $620,000.</p>
<p>In the race to auction pre-Cup Day, the Real Estate Institute of Victoria are expecting more than 1600 homes on Saturday, including the five apartment in The Block Gatwick renovation in St Kilda. </p>
<p>There were 659 auctions held in Sydney on the weekend.</p>
<p>"It is interesting to note that fewer Sydney properties sold prior to auction," CoreLogic's Kevin Brogan said, reflecting on "the softening market."</p>
<p>Sydney's highest sale was <a href="https://www.realestate.com.au/property-house-nsw-pymble-129382210" target="_blank">19 Bannockburn Road, Pymble</a> (below), which sold for $3.35 million.</p>
<p><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/2018/10/22/Pymble.jpg" alt=""></p>
<p>The 1940s house had been extended and renovated over the years into a single level four bedroom, three bathroom offering.</p>
<p>The nation's cheapest result was $105,000 for a three bedroom house in Adelaide, according to Domain.</p>
<p><span>The <a href="https://www.realestateview.com.au/real-estate/6-redcliffe-street-davoren-park-sa/property-details-buy-residential-12128932/" target="_blank">6 Redcliff Street, Davoren Park offering</a> was a mortgagee sale.</span></p>
<p><span>It had sold at $105,000 in 2007.</span></p>
<p><span>In 2013 it was a $210 a week rental.</span></p>
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Spring auctions could slump into the 30s

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<p>More than half of the homes being auctioned over recent weekends are failing to sell under the hammer as home loans have become tougher to secure.</p>
<p>It seems set to happen for a third consecutive weekend, CoreLogic forecast after the initial weekend results.</p>
<p>But as the tide turns, the season’s first beach bathing box auction on Melbourne's Port Philip Bay saw a $230,000 sale (top).</p>
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<p>The sale was $15,000 above the reserve price for <a id="LPlnk428203" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-safety+beach-129325854" target="_blank" data-auth="NotApplicable">No. 47 beach box</a><a id="LPlnk257994" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-safety+beach-129325854" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>at Safety Beach, on the Mornington Peninsula.</p>
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<p>The auction kicked off with a $180,000 bid, with three bidders competing when auctioned through Ray White Rosebud agent Shane Fox.</p>
<p>There were 1,850 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 50.7 per cent.</p>
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<p><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/2018/10/15/Cap-Oct15.jpg" alt=""></p>
<p>"It’s likely that the final result will see its usual downward revision as more results are collected and come in below 50 per cent for the third consecutive week," CoreLogic auction analyst Kevin Brogan said.</p>
<p>Last week, the final auction clearance rate came in at 49.5 per cent from 1,817 auctions.</p>
<p>Last year, both clearance rates and volumes were significantly higher with 67 percent of the 2,525 auctions finding buyers under the hammer.</p>
<p>Units were much more successful at weekend auction with 58 per cent selling, while only 48 per cent of houses sold, while the same week last year saw virtually the same success rate.</p>
<p>AMP Capital's chief economist Shane Oliver suggested the spring 2018 auction trend was consistent was "further falls in home prices."  </p>
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<p>There were 914 auctions held in Melbourne with a preliminary clearance rate of 52.1 per cent.</p>
<p>Deepdene had Melbourne's priciest result with a $2.7 million sale.</p>
<p>The home at <a id="LPlnk857606" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-deepdene-129323778" target="_blank" data-auth="NotApplicable">4 Abercrombie Street</a> (below) had been on the market several months ago initially with a $3 million price guide which was then reduced for the auction to $2.4 million to $2.6 million hopes.</p>
<p><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/2018/10/15/deepd.jpg" alt=""></p>
<p>Another sale was a Safety Beach waterfront vacant lot with its own pontoon and 15m berth</p>
<p>The block at <a id="LPlnk909652" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-vic-safety+beach-202220766" target="_blank" title="www.realestate.com.au" rel="noopener noreferrer" data-auth="NotApplicable">32 Clipper Quay, Safety Beach</a> in the Martha Cove estate sold at an undisclosed price having been listed with $1.795 million to $1,974,500 expectations.<span class="x_image-source"><br></span></p>
<p>The Prahran investment property of former WMTA Light Heavyweight World Thai boxing champion Nick ‘‘Special K’’ Kara remains for sale (below).</p>
<p><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/2018/10/15/kara.jpg" alt=""></p>
<p>Jellis Craig father-son agents Chris and Michael Hingston had a $1.25 million to $1.35 million price guide for its weekend auction.</p>
<p>The contemporary three bedroom Edwardian property at <a id="LPlnk535512" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/16-fern-avenue-prahran-vic/property-details-buy-residential-12107313/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">16 Fern Avenue</a> last sold at $322,500 in 1999.</p>
<p>Sydney was host to 645 auctions this week with preliminary results showing a clearance rate of 52 per cent.</p>
<p>Sydney's highest auction price was $4.35 million for a newly built house (below) at <a id="LPlnk620364" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/2-mirrabooka-avenue-strathfield-nsw/property-details-buy-residential-12113096/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Mirrabooka Avenue, Strathfield</a>.</p>
<p><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/2018/10/15/strath1.jpg" alt=""></p>
<p>The five bedroom, six bathroom home, on 700 sqm, came with a home theatre and a wine cellar.</p>
<p>Across the smaller auction markets, the highest preliminary clearance rate was recorded in Canberra where 63.6 per cent of the 55 reported auctions were successful, followed by Adelaide were 53.3 per cent of homes sold.</p>
<p>Brisbane, where there was a 35 percent clearance rate, secured the nation's cheapest home sale.</p>
<p>It was a $281,000 sale of three bedroom house at <a id="LPlnk599267" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-qld-kallangur-129272198" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Boyanda Drive, Kallangur</a>.</p>
<p>The two level home is 25km to Brisbane City, and a short drive to the North Lakes City.</p>
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Safety Beach bathing box sale headlined weekend auction results

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<p>Sydney's Eastern suburbs saw the best weekend auction results with a clearance rate of 68%.</p>
<p>Across the Eastern Suburbs of Sydney there were a total of 71 auctions.</p>
<p>Sydney returned a preliminary auction clearance of 53.5%, improving on last week’s final auction clearance rate of 43.8%, which was the lowest result the city has seen since December 2008.</p>
<p><img src="https://www.urban.com.au/images/2018/10/8/CL%20recent.JPG" alt=""></p>
<p>There were 606 Sydney homes taken to auction this week, virtually unchanged from the week prior (608). </p>
<p><img src="https://www.urban.com.au/images/2018/10/8/Eastern%20Suburbs%202.JPG" alt=""></p>
<p>Indicative of the strong turnout from the Eastern Suburbs is <a href="https://www.domain.com.au/8-18-stafford-street-double-bay-nsw-2028-2014632032" target="_blank">8/18 Stafford Street, Double Bay</a> (pictured above).</p>
<p>The two bedroom one bathroom apartment sold for $960,000.</p>
<p>The home is less than 100 metres from the beach and the waters' edge and last sold for $520,000 in 2004.</p>
<p><img src="https://www.urban.com.au/images/2018/10/8/Eastern%20Suburbs%201.JPG" alt=""></p>
<p>Another example of the Eastern suburbs strong clearance rate is <a href="https://www.domain.com.au/6-31-hollywood-avenue-bondi-junction-nsw-2022-2014621138" target="_blank">6/31 Hollywood Avenue, Bondi Junction</a> (pictured above).</p>
<p>The one bedroom one bathroom unit sold for $760,000 and is one of eight in an art deco block.</p>
<p>The apartment is just 200 metres to Westfield's retail hub with close proximity to Centennial Park and Bondi Beach as well.</p>
<p>It last sold for $350,000 in 2002.</p>
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Sydney's Eastern suburb auction clearances bouncing back

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<p>Auction activity across the combined capital cities increased after last weekend's grand final and public holiday slowdown.</p>
<p>Some 1,809 homes taken to auction, almost doubling from the 895 prior tally last weekend.</p>
<p>The preliminary auction clearance rate was 53.7 per cent, well up on the final auction clearance rate of 45.8 per cent of the long weekend.</p>
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<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/8/Logic-Oct8.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/10/8/Logic-Oct8.jpg" alt=""></p>
<p>It had been the lowest clearance rate seen since June 2012 when there was a 42 per cent result.</p>
<p>Compared to one year ago, clearance rates and auction volumes continue to track lower with the same week last year recording a 64.4 per cent clearance rate across 2,318 auctions.</p>
<p>Melbourne saw 904 homes taken to auction with a preliminary 54.4 per cent success rate.</p>
<p>The most expensive house sold in Victoria was <a href="https://www.realestateview.com.au/real-estate/14-christowel-street-camberwell-vic/property-details-sold-residential-12103593/" target="_blank">14 Christowel Street, Camberwell</a> (above) which fetched $3.125 million.</p>
<p>It was at the lower end of the Noel Jones agency price guidance which had been $3.1 million to $3.4 million.</p>
<p>The five bedroom 1920s home sat on 1172 sq m with towering Copper Beech tree in its front yard.</p>
<p>There was a blue slate fireplace in the 30 feet long grand sitting room.</p>
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<p>Sydney returned a preliminary auction clearance of 53.5 per cent with 606 Sydney homes taken to auction.</p>
<p>It's highest sale was $3.7 million pre-auction through Ray White of a grand 1930's Stockbroker Tudor style home at Warrawee.</p>
<p>Framed by parterre gardens, <a href="https://www.realestate.com.au/sold/property-house-nsw-warrawee-129265262" target="_blank">the five bedroom John Brogan designed home</a> at 32 Heydon Avenue (below) had last sold at $1.78 million in 2003.</p>
<p><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/2018/10/8/WARRA.jpg" alt=""></p>
<p>The dearest Sydney offering to sell under the auction hammer was at Bronte when a home last traded six decades ago fetched $3,565,000.</p>
<p>The four-bedroom property on a 452 sqm block at <a href="https://www.realestate.com.au/property-house-nsw-bronte-129260266" target="_blank">8 Gardyne Street </a>(below) fetched $65,000 above reserve.</p>
<p><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/2018/10/8/gardyne.jpg" alt=""></p>
<p class="standfirst-content">Phillips Pantzer Donnelley’s Alexander Phillips had three buyers register and all participated, but it was a struggle, The Sunday Telegraph reported.</p>
<p>Adelaide was the best performing capital city with a 66.1 per cent success rate across 62 auction results, followed by Canberra, where 63.9 per cent of the 61 reported auctions were successful.</p>
<p>Adelaide's offering fetched from the $305,000 pre-auction sale of the three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-sa-wingfield-129300854" target="_blank">15 Fourth Street, Wingfield</a> to $1,255,000 for the five bedroom house at <a href="https://www.realestate.com.au/property-house-sa-westbourne+park-129304790" target="_blank">53 Marlborough Road, Westbourne Park</a>, which had $990,000 price guidance</p>
<p>The 1968 single level brick Wingfield house had sold at $205,000 in 2007.</p>
<p>At $210,000, Brisbane's fringe had the cheapest reported result when <a href="https://www.realestateview.com.au/real-estate/22-ash-avenue-laidley-qld/property-details-buy-residential-12096015/" target="_blank">22 Ash Avenue, Laidley</a> found its buyer.</p>
<p>The four bedroom home was a mortgagee in possession offering.</p>
<p>It previously traded in 2009 at $129,000.</p>
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Auction levels bounce back

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<p><span>Capital city buyers took a break from auctions on the long weekend, accompanied by a significant drop in auction listings.</span></p>
<p><span>But coastal offerings were much appreciated by buyers seeking cheaper dress circle opportunities.</span></p>
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<p>There was a $726,000 auction sale at <a id="x_mcntLPlnk881881" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-wooloweyah-129200650" target="_blank" data-auth="NotApplicable">Wooloweyah near Yamba</a> (above) in northern NSW.</p>
<p>"Only two sales have taken place on the lakefront in Wooloweyah during the past two years," Ray White agent Daniel Kelly noted.</p>
<p>The three bedroom lakefront 131 Lakes Boulevard offering last sold in 2011 at $460,000 after 200 plus days on market.</p>
<p>Further north in tropical Queensland, a Kinka Beach waterfront reserve home near Yeppoon was snapped up for $245,000.</p>
<p>The three bedroom <a id="x_mcntLPlnk428438" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-qld-kinka+beach-129156442" target="_blank" data-auth="NotApplicable">886 Scenic Highway home</a> (below), on Shoal Bay, was offered for sale by mortgagees.</p>
<p>It had last sold at $320,000 in 2005.</p>
<p><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/2018/10/2/shoal.jpg" alt=""></p>
<p>"The highest home appears structurally sound and has plenty of internal space to make a full upgrade on the home worth while," Ray White agent Lindsay Lodrick suggested </p>
<p>Capital city auction activity took a back seat to the AFL and NRL Grand Finals, with buyer disinterest sending the preliminary combined capitals clearance rate below 50 percent for the first time since December 2012.</p>
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<p>Preliminary results showed a clearance rate of just 49 per cent, according to CoreLogic, down from 52 per cent last week.</p>
<p>Click here <a href="https://www.propertyobserver.com.au/images/2018/10/2/CL-Oct2.jpg" target="_blank">to enlarge.</a></p>
<p><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/2018/10/2/CL-Oct2.jpg" alt=""></p>
<p class="x_mcntstandfirst-content">Sydney’s auction clearance rate plummeted to 45 per cent, its lowest level in a decade.</p>
<p class="x_mcntstandfirst-content">There were just 380 Sydney auctions scheduled — well down on last Saturday’s super Saturday of 800.</p>
<p class="x_mcntstandfirst-content">CoreLogic auction commentator Kevin Brogan said the 45 percent result was based on the 223 that had been reported.</p>
<p class="x_mcntstandfirst-content">The preliminary clearance rate was 14 per cent down on prior Saturday.</p>
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<p>Melbourne saw the biggest drop in volumes with only 69 homes taken to auction returning a preliminary auction clearance rate of 55 per cent, while last week there were 1,160 auctions held and the final clearance rate came in at 53 per cent. </p>
<p>This time last year, 122 auctions were held across the city.</p>
<p>Real Estate Institute of Victoria figures show the number of auctions tumbled from 4132 in September 2017 to 3260 in September 2018, with fewer auctions on every weekend compared to a year prior.</p>
<p>Melbourne's top sale was at Templestowe Lower where a four-bedroom family home passed in at $1.25 million, but the sold for $1.28 million.</p>
<p>The <a class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-vic-templestowe+lower-129218522" target="_blank" data-auth="NotApplicable">369 George Street, Templestowe Lower</a> offering sold within its advertised price range of $1.19 million to $1.29 million.</p>
<p>The nation's top sale was the pre-auction sale of <a id="x_mcntLPlnk767878" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-lindfield-129259878" target="_blank" data-auth="NotApplicable">22 Gladstone Parade, Lindfield</a> (below) which saw $3.65 million secured by Savills agent Stephanie Hearn.</p>
<p><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/2018/10/2/lind.jpg" alt=""></p>
<p>The modern family home came with five bedrooms and five bathrooms.</p>
<p>CoreLogic noted it was one of 63 pre-auction deals secured by Sydney agents.</p>
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<p>The highest sale under the hammer was on the Parramatta River at <a id="x_mcntLPlnk663968" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-chiswick-129147858" target="_blank" data-auth="NotApplicable">41 Burns Crescent, Chiswick</a> (below) which sold for $3,550,000.</p>
<p><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/2018/10/2/parra.jpg" alt=""></p>
<p>The property had been in the same family for 55 years — they’d built the house which attracted three bidders from the four registered parties.</p>
<p class="x_mcntstandfirst-content">The Sunday Telegraph reported the written reserve was adjusted lower and the buyer upped his offer by $50,000, sealing the deal with plans for rebuilding.</p>
<p>A six-bedroom, six-bathroom waterfront reserve home at <a id="x_mcntLPlnk375106" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-wollstonecraft-129141170" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">16 Mulray Ave, Wollstonecraft</a>, failed to sell at weekend auction with just the one registered bidder.</p>
<p>Its Stone agents Annika and Aaron Bongiorno had given a price guide of $5.7 million.</p>
<p>Brisbane had the nation's cheapest capital city outcome when $260,000 was paid for 12 Kirton St, Redbank Plains.</p>
<p><a id="x_mcntLPlnk208006" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-qld-redbank+plains-129219718" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The three bedroom property</a> was marketed as needing some TLC.</p>
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Capital city buyers take a break from auctions on long weekend

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<p class="indent">Alster House, the record price setting Paddington terrace, failed to sell at weekend auction, highlighting the emerging buyer hesitation at the top end of the property market.</p>
<p class="indent">It had a $15 million guide, but was passed in after just the one $14 million bid. The agents placed<span> a vendor bid of $14.5 million.</span></p>
<p class="indent"><a href="https://www.realestate.com.au/property-house-nsw-paddington-129149070" target="_blank">The grand 1880s-era residence</a>, behind ornate 10-metre frontage, is <span>best known as being the first terrace to crack the $2 million mark when bought by Malcolm and Lucy Turnbull in the 1988 boom.</span></p>
<p class="indent"><span> The Point Piper couple sold it for a loss seven years later for $1.73 million.</span></p>
<p class="indent">Set on a vast 550 square metres, the home (above and below) won a 2001 Australian Institute of Architects award after a redesign by architect Andrew Nolan, with gardens by landscape designer Ken Lamb, including a 25-metre lap pool.</p>
<p class="indent"><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/2018/9/24/alster2.jpg" alt=""></p>
<p class="indent">It last sold in 2006 for $6.55 million when bought by lawyer Naomi O’Brien, wife of former Macquarie executive Paul O’Brien, who added the loft-style bedroom wing and parents’ en suite. </p>
<p class="indent">Sydney's top sale was when the former Woolworths executive chairman Paul Simons ­secured $9.35 million for <a href="https://www.realestate.com.au/property-apartment-nsw-kurraba+point-129210610" target="_blank">his apartment in Baden House, Neutral Bay</a>.</p>
<p class="indent">Simons, who joined Woolworths in 1954 and retired in 1995, was seeking a higher $10 million through local agent And­rew Croll and Sotheby’s Harriet France.</p>
<p class="indent">The five-bedroom, 440sqm, two storey residence cost $2.5 million in 1994. (below)</p>
<p class="indent"><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/2018/9/24/simons.jpg" alt=""></p>
<p>The eight apartments on Kurraba Point share access to the communal tennis court, pool and jetty.</p>
<p>The underbidder at the auction lived below.</p>
<p>Adelaide, the cheapest mainland capital city, posted the strongest result for the week, with a 63.6 per cent clearance rate from 121 properties listed.</p>
<p>Adelaide's top sale was when $1.4 million was paid for 7 Oxford Terrace, Unley.</p>
<p><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/2018/9/24/unley1.jpg" alt=""></p>
<p><a href="https://www.realestate.com.au/property-house-sa-unley-129228810" target="_blank">The 1915 villa</a> got its open plan extension in 2009 and its pool approval in 2008. </p>
<p>Adelaide's cheapest sale was $475,000 for a five bedroom house at Seacombe Gardens. There have been $495,000 price guidance for <a href="https://www.realestate.com.au/property-house-sa-seacombe+gardens-129177450" target="_blank">365 Diagonal Road</a> which sold at $424,000 in 2008.</p>
<p>Adelaide saw an increase in both auction volumes and the auction clearance rate week-on-week.</p>
<p>There were 2,404 homes taken to auction across the combined capital cities, increasing from 1,983 over the previous week.</p>
<p><span>Although auction volumes have been increasing over the month, 378 fewer auctions were held compared to the same week last year, predominantly due to the decline in auction volumes across Sydney and Melbourne, the two largest auction markets.</span></p>
<p><span><img src="https://www.urban.com.au/images/2018/9/24/CL%20WMU%201.JPG" alt=""></span></p>
<p><span>Preliminary results show a clearance rate of 55.5 per cent across the combined capital cities this week, </span><span>increasing from last week’s final clearance rate of 51.8 </span><span>per cent although this will revise lower as the remaining results are collected, CoreLogic auction analyst Kevin Brogan said.</span></p>
<p><span>"The finalised clearance rates have held in the low-mid 50 per cent range for the last eight</span><span> weeks and it’s likely that this week will return a similar </span><span>result," he said.</span></p>
<p><span> Over the same week last year the final clearance rate was recorded at 66.2 per cent.</span></p>
<p><span>In Melbourne, a preliminary auction clearance rate of 55.5 per cent was recorded across 1,158 auctions</span>, while last week there were 988 auctions returning a final clearance rate of 54.1 per cent.</p>
<p>This time last year, 1,361 auctions were held across the city, returning a clearance rate of 70.6 per cent.</p>
<p>Melbourne's top sale was when <a href="https://www.realestateview.com.au/real-estate/32-gore-street-fitzroy-vic/property-details-sold-residential-12083423/" target="_blank">32 Gore Street, Fitzroy</a> fetched $3.74 million (below).</p>
<p><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/2018/9/24/fitz2.jpg" alt=""></p>
<p>The Nelson Alexander agency had $3.2 million to $3.5 million price guidance.</p>
<p>It last sold at $370,000 in 1994.</p>
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<p><span>There were 850 auctions held in Sydney this week returning a preliminary clearance rate of 57.3 per cent.</span></p>
<p><span>There were 669 auctions held over the previous week and the final auction clearance rate was just 48.6 per cent, the lowest result the city has seen since mid-July. </span></p>
<p><span>One year ago, 1,033 Sydney auctions were held and the clearance rate came in at 65.9 per cent.</span></p>
<p>Canberra had a preliminary rate of 55.9 per cent rate from 118 homes listed.</p>
<p><span>Canberra and Perth also saw an increase in auction volumes over the week.</span></p>
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Alster House, Paddington attracts $14 million highest offer

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<p>The busiest suburbs for auctions this weekend are once again in Victoria with Glen Waverley topping the list with 15 homes scheduled for auction, tied up with Reservoir which also had 15.</p>
<p>Auction activity across the combined capital cities will remain relatively steady this week, with a total of 1,828 homes set to go under the hammer, 842 of which are in Melbourne.</p>
<p>This is an increase on last week’s final figure which saw 1,748 auctions take place in the combined capital cities and 805 in Melbourne.</p>
<p>Over the same week last year, 2,258 capital city homes went to auction; a difference of almost 20% on the number of auctions we are currently tracking this week.</p>
<p><img src="https://www.urban.com.au/images/2018/9/6/Auctions%20this%20week%20Sept%209.JPG" alt=""></p>
<p>An example of a property going to auction in the busy Glen Waverley is 7 Autumn Court (pictured above)</p>
<p>This four bedroom, two bathroom house is on the market for the first time since it was constructed in 1999.</p>
<p>The price guide for this 600 square metre holding is $1.8 - $1.98 million.</p>
<p><img src="https://www.urban.com.au/images/2018/9/7/Glen%20Waverly%202.JPG" alt=""></p>
<p>Another large home under the hammer this weekend is 5 Sagan Court, Glen Waverley (pictured above).</p>
<p>Set on a 794 square metre lot this house has a $2.3 - $2.53 million price guide.</p>
<p>It first sold in 2008 for $656,000 and most recently in 2015, seven years on, for $2.02 million.</p>
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