Melbourne Property Sales Results
for Saturday 5th April 2014
A clearance rate of 70 per cent was recorded this weekend compared to 69 per cent last weekend and 63 per cent this weekend last year.
There were 841 auctions reported to the REIV today, with 592 selling and 249 being passed in, 128 of those on a vendor bid.
So far this year, there have been about 17,500 auction and private sales in Victoria. This is about three per cent higher than this time last year and is driven mainly by a significant increase in the number of auctions. More than 5,000 homes have been sold at auction so far this year compared to nearly 4,000 this time last year.
Next weekend the REIV expects about 1,500 auctions.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 486
SB Sold before Auction: 105
SA Sold after Auction: 1
Passed in: 249
Passed in on vendor's bid: 128
Clearance rate: 70%
TOTAL AUCTIONS
This week: 841
Last weekend: 1273
This time last year: 445
Postponed: 23
Withdrawn: 19
Auctions with no result: 237
PS Private Sales: 474
Total Volume (Auctions): $510.47mil
Total Volume (Private Sales): $263.03mil
Total Auctions Houses: 564
Clearance Rate: 74%
Median Price: $810,500
Total Value: $395,596,115
Total Auctions Flats/Apartments: 263
Clearance Rate: 61%
Median Price: $583,500
Total Value: $96,242,600
Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $550,750
Total Value: $4,356,500
TOP 5 HOUSES
1. 1,3,5 & 7 Nelson Street, Ringwood $5,050,000
2. 10 Byrne Avenue, Elwood $4,840,000
3. 69 Prospect Hill Road, Camberwell $3,935,000
4. 325 Belmore Road, Balwyn North $3,000,000
5. 84 Cole Street, Brighton $2,810,000
TOP 5 BARGAIN HOUSES
1. 81 Rosemary Crescent, Frankston North $251,000
2. 10 Chatsworth Avenue, Ardeer $280,000
3. 61 Langdon Crescent, Craigieburn $285,000
4. 33 Guildford Avenue, Coolaroo $290,000
5. 20 Woodworth Court, Roxburgh Park $315,000
TOP 5 APARTMENTS
1. 4/53 Finch Street, Malvern East $1,480,000
2. 95 Esplanade East, Port Melbourne $1,180,000
3. 5/83 Grange Road, Toorak $1,151,000
4. 3/430 Glenferrie Road, Kooyong $1,100,000
5. 1/55 Ormond Esplanade, Elwood $1,084,000
TOP 5 BARGAIN APARTMENTS
1. 6/41 Potter Street, Dandenong $200,000
2. 1/41 Potter Street, Dandenong $200,000
3. 6/11 Rathmines Street, Fairfield $281,000
4. 13/422 Cardigan Street, Carlton $304,000
5. 1006/639 Little Bourke Street, Melbourne $310,000
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source: http://www.reiv.com.au/en/Property-Research