Melbourne Property Sales Results
for Saturday 8th March 2014
A clearance rate of 71 per cent was recorded this weekend compared to 73 per cent last weekend and 62 per cent this weekend last year.
There were 233 auctions reported to the REIV today, with 166 selling and 67 being passed in, 34 of those on a vendor bid.
It is evident that the market continues to deliver solid results. After this relatively quiet weekend, we are expecting two more weekends of about 1,000 auctions each. This will result in more than 3,000 auctions for March which is the highest level since 2008.
Next weekend the REIV expects around 1050 auctions.
Enzo Raimondo
CEO REIV
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RESIDENTIAL
S Sold at Auction: 140
SB Sold before Auction: 26
SA Sold after Auction: 0
Passed in: 67
Passed in on vendor's bid: 34
Clearance rate: 71%
TOTAL AUCTIONS
This week: 233
Last weekend: 1217
This time last year: 202
Postponed: 17
Withdrawn: 11
Auctions with no result: 9
PS Private Sales: 399
Total Volume (Auctions): $112.51mil
Total Volume (Private Sales): $202.68mil
Total Auctions Houses: 158
Clearance Rate: 75%
Median Price: $631,000
Total Value: $87,911,450
Total Auctions Flats/Apartments: 67
Clearance Rate: 60%
Median Price: $490,250
Total Value: $19,143,500
Total Auctions Vacant Land: 7
Clearance Rate: 100%
Median Price: $609,000
Total Value: $3,907,000
TOP 5 HOUSES
1. 16 Dundas Place, Albert Park $2,172,500
2. 2 Lempriere Avenue, Mount Martha $2,000,000
3. 2 Newton Street, Surrey Hills $1,505,000
4. 13 Delbridge Street, Fitzroy North $1,500,000
5. 10 Clark Street, Williamstown $1,475,000
TOP 5 BARGAIN HOUSES
1. 371 Ballarat Road, Sunshine $301,000
2. 7 Wellington Street, Kings Park $314,000
3. 6 Lacey Street, Lalor $319,000
4. 3 Selby Place, Craigieburn $320,500
5. 4 Jingai Court, Frankston $321,000
TOP 5 APARTMENTS
1. 14/144 Rose Street, Fitzroy $910,000
2. 1/19 Faulkiner Street, Clayton $800,000
3. 7A Jellicoe Street, Box Hill South $770,000
4. 10 Roberts Street, Keilor East $730,000
5. 1/25 Sundowner Avenue, Clarinda $670,000
TOP 5 BARGAIN APARTMENTS
1. 15/16-18 Passfield Street, Brunswick West $270,000
2. 5/315 Flemington Road, North Melbourne $310,000
3. 8/12A Toward Street, Murrumbeena $323,000
4. 5/16 Carmichael Street, West Footscray $325,000
5. 2/5 Cardore Court, Noble Park $365,000
Source: http://www.reiv.com.au/en/Property-Research
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