Melbourne Property Sales Results
for Sat 12th Oct & Sun 13th Oct
A clearance rate of 76 per cent was recorded this weekend compared to 70 per cent last weekend and 64 per cent this weekend last year.
There were 826 auctions reported to the REIV this weekend, with 624 selling and 201 being passed in, 107 of those on a vendor bid.
Next weekend the REIV expects around 1100 auctions.
Enzo Raimondo
CEO REIV
SB Sold before Auction: 121
SA Sold after Auction: 1
Passed in: 201
Passed in on vendor's bid: 107
Clearance rate: 76%
TOTAL AUCTIONS
This week: 826
Yesterday: 17
Last Sunday: 13
This weekend last month: 916
This weekend last year: 544
CLEARANCE RATES:
Weekend: 76%
Yesterday: 82%
Last Sunday: 77%
This weekend last month: 74%
This weekend last year: 64%
Postponed: 14
Withdrawn: 7
Auctions with no result: 143
PS Private Sales: 472
Total Volume (Auctions): $473.94mil
Total Volume (Private Sales): $231.13mil
Total Auctions Houses: 531
Clearance Rate: 78%
Median Price: $763,750
Total Value: $349,106,200
Total Auctions Flats/Apartments: 278
Clearance Rate: 72%
Median Price: $555,000
Total Value: $118,091,610
Total Auctions Vacant Land: 13
Clearance Rate: 38%
Median Price: $365,000
Total Value: $1,980,000
TOP 5 HOUSES
1. 23 View Street, Hawthorn $3,150,000
2. 18 Burroughs Road, Balwyn $2,960,000
3. 110 Wright Street, Middle Park $2,910,000
4. 7 Hunt Street, Balwyn North $2,290,000
5. 253 Balwyn Road, Balwyn North $2,100,000
TOP 5 BARGAIN HOUSES
1. 58 Dunbarton Drive, Pakenham $247,000
2. 32 Riggall Street, Dallas $265,000
3. 17 Howqua Place, Cranbourne $280,000
4. 13 Tania Court, Carrum Downs $312,000
5. 2 Milford Crescent, Frankston $330,000
TOP 5 APARTMENTS
1. 38 Clinton Street, Brighton East $1,600,000
2. 3/2A Montgomery Street, Richmond $1,505,000-
3. 81A Ormond Esplanade, Elwood $1,300,000
4. 86B Halifax Street, Brighton $1,165,000
5. 28A Glencairn Avenue, Brighton East $1,119,000
TOP 5 BARGAIN APARTMENTS
1. 3/97-99 Raleigh Road, Maribyrnong $292,500
2. 202/668 Bourke Street, Melbourne $300,000
3. 1/28 Bainbridge Close, Craigieburn $301,000
4. 2/11 Jinghi Road, Reservoir $315,000
5. 11/95 Mickleham Road, Tullamarine $316,000
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Source: http://www.reiv.com.au/en/Proper