Melbourne Property Sales

For Saturday 3rd and Sunday 4th of September 2016

A clearance rate of 79 per cent was recorded this weekend compared to 78 per cent last weekend and 75 per cent this weekend last year. There were 712 auctions reported to the REIV, with 560 selling and 152 being passed in, 76 of those on a vendor bid. Auction sales were solid in August – the 76 per cent clearance rate for the month was one of the highest this year.

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The Detail

491 Sold at Auction
69 Sold before Auction
0 Sold after auction
152 Passed In
76 Passed in on Vendor bid
7 Withdrawn
11 Postponed
60 No result
81% Clearance Rate(Houses)
75% Clearance Rate (Units/Apts)
538 Total Auction Volume ($M)

Private Sales

375 Private Sales
229 Total Private Sale Volume ($M)

Sales Highlights

Top House Sales

7 Wimba Av KEW $6,240,000
51 Rowland St KEW $4,800,000
36 Thomas St HAMPTON $3,250,000
19 Jacka St BALWYN NORTH $3,230,000
1288 Toorak Rd CAMBERWELL $3,225,000

Top Apartment Sales

2/1 Glen Iris Rd CAMBERWELL $1,615,000
2/5 Marwal Av BALWYN NORTH $1,450,000
11A Latham St BENTLEIGH EAST $1,350,000
1/10 Wilton Gr ELWOOD $1,350,000
83 Leeds St DONCASTER EAST $1,325,000

Bargain House Sales

7 Rose Av NORLANE $224,000
170 Bacchus Marsh Rd CORIO $245,000
2 Poa Ct DELAHEY $256,000
70 Scott St MELTON $260,000
52 Argyll Cirt MELTON WEST $280,000

Bargain Apartment Sales

1/12 Macpherson St DANDENONG $336,000
13/37 Greville St PRAHRAN $342,000
4/1591 Point Nepean Rd ROSEBUD WEST $350,000
9/62 Truganini Rd CARNEGIE $381,000
3/49 Carrington St SYDENHAM $385,000

Source: REIV

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