Melbourne Property Sales Results
for Saturday 6th and Sunday 7th September 2014
A clearance rate of 77 per cent was recorded this weekend compared to 73 per cent last weekend and 73 per cent this weekend last year.
There were 683 auctions reported to the REIV this weekend, with 524 properties selling and 159 being passed in, 74 of those on a vendor bid.
The REIV expects more than 2,100 auctions in the next two weekends before the AFL Grand Final. This will surpass last year’s 1,800 auctions over the same weekends as vendors continue to favour auctions this year.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 427
SB Sold before Auction: 96
SA Sold after Auction: 1
Passed in: 159
Passed in on vendor's bid: 74
Clearance rate: 77%
TOTAL AUCTIONS
This week: 683
Yesterday: 9
Last Sunday: 15
This weekend last month: 532
This weekend last year: 470
CLEARANCE RATES:
Weekend: 77%
Yesterday: 67%
Last Sunday: 73%
This weekend last month: 72%
This weekend last year: 73%
Postponed: 11
Withdrawn: 9
Auctions with no result: 97
PS Private Sales: 382
Total Volume (Auctions): $438.11mil
Total Volume (Private Sales): $209.72mil
Total Auctions Houses: 434
Clearance Rate: 82%
Median Price: $850,000
Total Value: $338,222,888
Total Auctions Flats/Apartments: 243
Clearance Rate: 67%
Median Price: $555,000
Total Value: $95,918,750
Total Auctions Vacant Land: 5
Clearance Rate: 80%
Median Price: $325,000
Total Value: $2,355,000
TOP 5 HOUSES
1. 511 Belgrave Hallam Road, Lysterfield $3,400,000
2. 16 Somers Avenue, Malvern $3,380,000
3. 44 Clarence Street, Malvern East $3,130,000
4. 66 Alexandra Avenue, Canterbury $3,020,000
5. 1B Lingwell Road, Hawthorn East $2,610,000
TOP 5 BARGAIN HOUSES
1. 4 Lawson Road, Melton South $140,000
2. 16 Duncan Road, Lalor $280,000
3. 33 Kanooka Grove, Dandenong North $290,000
4. 10 Commonwealth Court, Craigieburn $295,000
5. 83 Tristania Street, Doveton $310,000
TOP 5 APARTMENTS
1. 1/42 Glen Street, Hawthorn $1,580,000
2. 2 Queen Street, Richmond $1,405,000
3. 25B Mavho Street, Bentleigh $1,300,000
4. 9B Blackshaw Street, Ormond $1,208,000
5. 2/12 Myrniong Grove, Hawthorn East $1,205,000
TOP 5 BARGAIN APARTMENTS
1. 6/709 Barkly Street, West Footscray $197,000
2. 2/77 Jetty Road, Rosebud $305,000
3. 1A Beccles Court, St Albans $305,500
4. 2/71 East Street, Hadfield $307,000
5. 3605/288 Spencer Street, Melbourne $330,000
Source: http://www.reiv.com.au/en/Property-Research
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