Melbourne Property Sales Results
for Saturday 8th and Sunday 9th August 2015
A clearance rate of 79 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year.
There were 872 auctions reported to the REIV this weekend, with 689 selling and 183 being passed in, 87 of those on a vendor bid.
There were about 2,700 auctions in the month of July, with 77 per cent selling. This is up 14 per cent from the same time last year, with auction sales also notably higher (up 22 per cent) in comparison to July 2014.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 564
SB Sold before Auction: 125
SA Sold after Auction: 0
Passed in: 183
Passed in on vendor's bid: 87
Clearance rate: 79%
TOTAL AUCTIONS
This week: 872
Yesterday: 9
Last Sunday: 20
This weekend last month: 596
This weekend last year: 693
Postponed: 14
Withdrawn: 2
Auctions with no result: 142
PS Private Sales: 369
PS Private Sales: 370
Total Volume (Auctions): $668.18mil
Total Volume (Private Sales): $219.25mil
Total Auctions Houses: 589
Clearance Rate: 83%
Median Price: $962,000
Total Value: $531,594,102
Total Auctions Flats/Apartments: 271
Clearance Rate: 73%
Median Price: $615,000
Total Value: $130,778,538
Total Auctions Vacant Land: 10
Clearance Rate: 60%
Median Price: $865,000
Total Value: $5,810,000
TOP 5 HOUSES
1. 41 Atkins Street, Kew $4,325,000
2. 26 Maleela Avenue, Balwyn $4,040,000
3. 2-4 Delmore Crescent, Glen Waverley $3,458,000
4. 93 Wattletree Road, Armadale $3,000,000
5. 9 Renwick Street, Glen Iris $2,875,000
TOP 5 BARGAIN HOUSES
1. 11 Drouin Street, Dallas $260,000
2. 64 Barries Road, Melton $285,000
3. 25 Wattleglen Street, Craigieburn $305,000
4. 11 Matthews Court, Pakenham $311,000
5. 2 Charlton Street, Broadmeadows $321,000
TOP 5 APARTMENTS
1. 98 Orlando Street, Hampton $2,850,000
2. 100 Orlando Street, Hampton $2,590,000
3. 48/350 Beaconsfield Parade, St Kilda $2,020,000
4. 3/31B Nepean Highway, Aspendale $1,650,000
5. 1/58 Grange Road, Sandringham $1,282,000
TOP 5 BARGAIN APARTMENTS
1. C16/1-5 Grantham Street, Brunswick West $165,000
2. 2/6-7 Coventry Place, Melton $197,000
3. 16/16 Eastcote Street, Sunshine North $265,000
4. 3/5 Empire Street, Footscray $270,000
5. 29/34-42 Hanna Street, Noble Park $291,000
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Source: http://www.reiv.com.au/PROPERTY-DATA/Auction-Results/Auction-Results