Melbourne Property Sales Results
For Saturday 27th and Sunday 28th August 2016
A clearance rate of 79 per cent was recorded this weekend compared to 74 per cent last weekend and 77 per cent this weekend last year. There were 840 auctions reported to the REIV, with 665 selling and 175 being passed in, 85 of those on a vendor bid. Brighton and Malvern East are performing strongly at present - both suburbs have a 91 per cent clearance rate from 19 sales in August.
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The Detail
- 561 Sold at Auction
- 104 Sold before Auction
- 0 Sold after auction
- 175 Passed In
- 85 Passed in on Vendor bid
- 11 Withdrawn
- 14 Postponed
- 120 No result
- 82% Clearance Rate(Houses)
- 71% Clearance Rate (Units/Apts)
- 638 Total Auction Volume ($M)
Private Sales
- 309 Private Sales
- 202 Total Private Sale Volume ($M)
Sales Highlights
Top House Sales
- 5 Northbrook Av MALVERN $4,940,000
- 62 Tivoli Rd SOUTH YARRA $3,800,000
- 357 Beach Rd BLACK ROCK $3,700,000
- 16 Cole Ct TOORAK $3,270,000
- 17 Morang Rd HAWTHORN $3,120,000
Top Apartment Sales
- 14B Plummer Rd MENTONE $1,620,000
- 65A Bluff Rd BLACK ROCK $1,520,000
- 10A Landcox St BRIGHTON EAST $1,510,000
- 124B Tramway Pde BEAUMARIS $1,480,000
- 34B Daley St BENTLEIGH $1,450,000
Bargain House Sales
- 103 Plantation Rd CORIO $202,000
- 6 Dundas St HERNE HILL $257,000
- 52 Manson Dr MELTON SOUTH $270,000
- 15 Bellinger Cr WYNDHAM VALE $317,000
- 1 Devenish Ct WESTMEADOWS $335,000
Bargain Apartment Sales
- 3/106 Ascot Vale Rd FLEMINGTON $240,000
- 49/6 Williams Rd PRAHRAN $240,000
- 10/23 Baxter St COBURG $241,000
- 2/21 French St THOMASTOWN $245,000
- 4/305 Cumberland Rd PASCOE VALE $248,500
Source: REIV
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