Melbourne Property Sales Results
For Sat 3rd and Sun 4th August 2013
The market is continuing its strong performance throughout the winter season with a clearance rate today of 74 per cent compared to 69 per cent last weekend and 60 per cent this weekend last year.
There were 515 auctions reported to the REIV this weekend, with 383 selling and 132 being passed in, 73 of those on a vendor bid.
Next weekend the REIV expects around 620 auctions.
Enzo Raimondo
CEO REIV
S Sold at Auction: 308
SB Sold before Auction: 73
SA Sold after Auction: 2
Passed in: 132
Passed in on vendor's bid: 73
Clearance rate: 74%
TOTAL AUCTIONS
This week: 515
Yesterday: 9
Last Sunday: 15
This weekend last month: 389
This weekend last year: 484
CLEARANCE RATES:
Weekend: 74%
Yesterday: 89%
Last Sunday: 60%
This weekend last month: 68%
This weekend last year: 60%
Postponed: 5
Withdrawn: 8
Auctions with no result: 22
PS Private Sales: 522
Total Volume (Auctions): $275.62mil
Total Volume (Private Sales): $240.13mil
Total Auctions Houses: 337
Clearance Rate: 73%
Median Price: $750,000
Total Value: $201,176,626
Total Auctions Flats/Apartments: 170
Clearance Rate: 76%
Median Price: $511,000
Total Value: $71,857,200
Total Auctions Vacant Land: 7
Clearance Rate: 86%
Median Price: $278,000
Total Value: $1,896,000
TOP 5 HOUSES
1. 34 Aquila Street, Balwyn North $2,800,000
2. 86 Through Road, Camberwell $2,400,000
3. 63 Raynes Park Road, Hampton $1,900,000
4. 39 Densham Road, Armadale $1,780,000
5. 88 Nicholas Street, Ashburton $1,660,000
TOP 5 BARGAIN HOUSES
1. 6 Old Plenty Road, South Morang $315,000
2. 28 Curtain Road, Hurstbridge $317,000
3. 2 Halter Crescent, Epping $325,000
4. 60 Gladstone Road, Dandenong North $340,000
5. 20 Linoak Avenue, Lalor $341,000
TOP 5 APARTMENTS
1. 11C Moffat Street, South Yarra $1,665,000
2. 348C New Street, Brighton $1,375,000
3. 20/9 Milton Street, Elwood $1,200,000
4. 2/29 Sunbury Crescent, Surrey Hills $1,150,000
5. 47/15 Beach Road, Hampton $1,080,000
TOP 5 BARGAIN APARTMENTS
1. 4/29 Clarendon Parade, West Footscray $226,000
2. 8/146 Rupert Street, West Footscray $250,000
3. 2/11 Epstein Street, Reservoir $267,500
4. 3/11 Wilson Street, Berwick $270,000
5. 2/91 Lincoln Road, Essendon $272,500