Melbourne Property Sales Results
for Saturday 1st February 2014
There have been 81 auctions reported to the REIV with 61 selling and 20 being passed in, 11 of those on a vendors bid. In light of the low volume of auctions no formal clearance rate can be published.
Auction volumes are set to increase over the coming weeks as the school holidays wrap up.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 41
SB Sold before Auction: 20
SA Sold after Auction: 0
Passed in: 20
Passed in on vendor's bid: 11
Clearance rate: 75%
TOTAL AUCTIONS
This week: 81
Last weekend: 97
This time last year: 109
Postponed: 4
Withdrawn: 5
Auctions with no result: 0
PS Private Sales: 380
Total Volume (Auctions): $35.61mil
Total Volume (Private Sales): $189.97mil
Total Auctions Houses: 58
Clearance Rate: 81%
Median Price: $558,500
Total Value: $28,758,000
Total Auctions Flats/Apartments: 20
Clearance Rate: 60%
Median Price: $462,500
Total Value: $6,245,000
Total Auctions Vacant Land: 3
Clearance Rate: 67%
Median Price: $301,250
Total Value: $602,500
TOP 5 HOUSES
1. 4 Wren Court, Portsea $2,275,000
2. 151 Marine Drive, Safety Beach $1,262,000
3. 71 Nungerner Street, Balwyn $1,260,000
4. 3 Barkly Street, Box Hill $1,240,000
5. 6 Moffat Street, Brighton $1,140,000
TOP 5 BARGAIN HOUSES
1. 12 Second Avenue, Melton South $206,000
2. 35 Aleppo Crescent, Frankston North $219,500
3. 1 Cedar Street, Doveton $335,000
4. 50 Beaumont Crescent, Lalor $390,000
5. 78 Gum Nut Drive, Langwarrin $410,000
TOP 5 APARTMENTS
1. 4/3 Oak Grove, Brighton $940,000
2. 1/1141 Hoddle Street, East Melbourne $652,000
3. 99A Marlborough Street, Bentleigh East $627,500
4. 3/20 Collins Street, Mentone $614,000
5. 8/5-11 Orion Street, Vermont $609,000
TOP 5 BARGAIN APARTMENTS
1. 1201/408 Lonsdale Street, Melbourne $302,500
2. 3/30 Argyle Street, West Footscray $340,000
3. 1/32 Grosvenor Street, South Yarra $405,000
4. 18/8-18 Whitehall Street, Footscray $410,000
5. 13/8-18 Whitehall Street, Footscray $420,000
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Source: http://www.reiv.com.au/en/Property-Research