Melbourne Property Sales Results
for Saturday 2nd and Sunday 3rd August 2014
A clearance rate of 74 per cent was recorded this weekend compared to 70 per cent last weekend and 72 per cent this weekend last year.
There were 456 auctions reported to the REIV this week, with 336 selling and 120 being passed in, 59 of those on a vendor bid.
Forward estimates suggest that there will be about 2,600 auctions held in August. This is about 14 per cent higher than the 10-year average of 2,275 auctions for this month. Last month, there were more than 2,200 auctions held, an increase of about 17 per cent on the 10-year average.
Enzo Raimondo
CEO REIV
Request Your Free Strategy Session Here
1300 577 233
S Sold at Auction: 283
SB Sold before Auction: 52
SA Sold after Auction: 1
Passed in: 120
Passed in on vendor's bid: 59
Clearance rate: 74%
TOTAL AUCTIONS
This week: 456
Last weekend: 684
This time last year: 529
Postponed: 5
Withdrawn: 9
Auctions with no result: 100
PS Private Sales: 365
Total Volume (Auctions): $241.08mil
Total Volume (Private Sales): $183.27mil
Total Auctions Houses: 296
Clearance Rate: 75%
Median Price: $748,500
Total Value: $174,906,388
Total Auctions Flats/Apartments: 151
Clearance Rate: 75%
Median Price: $567,500
Total Value: $63,545,000
Total Auctions Vacant Land: 6
Clearance Rate: 50%
Median Price: $637,000
Total Value: $1,928,000
TOP 5 HOUSES
1. 61 Merton Street, Albert Park $3,235,000
2. 24 Laver Street, Kew $2,210,000
3. 1A Wiseman Street, Hawthorn East $2,156,000
4. 4 Currajong Avenue, Camberwell $1,900,000
5. 25 Scott Street, Canterbury $1,870,000
TOP 5 BARGAIN HOUSES
1. 3 Diamond Avenue, Albanvale $275,250
2. 40 Finchley Park Crescent, Tarneit $293,500
3. 59 Gap Road, Sunbury $300,000
4. 5 Dullard Street, Rosebud $310,000
5. 4 Arsenal Court, Epping $333,000
TOP 5 APARTMENTS
1. 35 Durrant Street, Brighton $1,121,000
2. 2/109 George Street, East Melbourne $1,022,000
3. 19A Swyer Street, Hampton $1,015,000
4. 406/129 Fitzroy Street, St Kilda $1,000,000
5. 4/363B Lygon Street, Brunswick East $939,000
TOP 5 BARGAIN APARTMENTS
1. 2/7 Jenner Court, Hampton Park $264,000
2. 4/128 Park Street, Moonee Ponds $270,500
3. 9/24 Margaret Street, Carnegie $290,000
4. 12/9 Churchill Avenue, Maidstone $297,000
5. 4/91 Grosvenor Street, Balaclava $319,000
Source: http://www.reiv.com.au/en/Property-Research
Register Here for Free Property Investing Tips / Strategies