Melbourne Property Sales Results
for Saturday 9th and Sunday 10th May 2015
A clearance rate of 81 per cent was recorded this weekend compared to 79 per cent last weekend and 68 per cent this weekend last year.
There were 904 auctions reported to the REIV this weekend, with 732 selling and 172 being passed in, 78 of those on a vendor bid.
The top auction suburbs this year with median prices under $500,000 were Mill Park (83 per cent), Noble Park (79 per cent) and Lalor (78 per cent). Each of these suburbs had more than 30 auction sales this year.
Enzo Raimondo
CEO REIV
Request Your Property Strategy Session Here
S Sold at Auction: 592
SB Sold before Auction: 140
SA Sold after Auction: 0
Passed in: 172
Passed in on vendor's bid: 78
Clearance rate: 81%
TOTAL AUCTIONS
This week: 904
Yesterday: 11
Last Sunday: 24
This weekend last month: 639
This weekend last year: 661
CLEARANCE RATES:
Weekend: 81%
Yesterday: 100%
Last Sunday: 92%
This weekend last month: 75%
This weekend last year: 68%
Postponed: 21
Withdrawn: 12
Auctions with no result: 143
PS Private Sales: 426
Total Volume (Auctions): $704.66mil
Total Volume (Private Sales): $236.07mil
Total Auctions Houses: 607
Clearance Rate: 85%
Median Price: $910,000
Total Value: $551,292,436
Total Auctions Flats/Apartments: 271
Clearance Rate: 74%
Median Price: $619,000
Total Value: $139,560,999
Total Auctions Vacant Land: 23
Clearance Rate: 74%
Median Price: $325,000
Total Value: $10,298,000
Register Here for Free Property Investing Tips / Strategies
TOP 5 HOUSES
1. 40 Anderson Road, Hawthorn East $4,820,000
2. 11 Flintoft Avenue, Toorak $4,350,000
3. 53-63 Bridge Street, Port Melbourne $3,690,000
4. 11 Peppin Street, Camberwell $3,510,000
5. 15 Bridge Street, Hampton $3,100,000
TOP 5 BARGAIN HOUSES
1. 3 Crossley Crescent, Coolaroo $235,500
2. 14 Elizabeth Avenue, Werribee $248,000
3. 54 Gillingham Crescent, Craigieburn $271,000
4. 19 Mudie Avenue, Sunbury $281,000
5. 2 Medinah Close, Sunbury $307,500
TOP 5 APARTMENTS
1. 43A Thanet Street, Malvern $2,106,000
2. 61B Iona Street, Black Rock $2,000,000
3. 2/11 Tollington Avenue, Malvern East $1,855,000
4. 17 Princes Street, Port Melbourne $1,450,000
5. 5/86A Marine Parade, Elwood $1,420,000
TOP 5 BARGAIN APARTMENTS
1. 4/119 Jetty Road, Rosebud $220,000
2. 21/294 Nicholson Street, Seddon $240,000
3. 5/18 Currajong Street, Thomastown $244,000
4. 3/16 Lawn Crescent, Braybrook $272,500
5. 4/12 Barry Street, Reservoir $297,500
Source: http://www.reiv.com.au/Property-Research
Register Here for Free Property Investing Tips / Strategies