Melbourne Property Sales Results
for Saturday 9th and Sunday 10th August 2014
A clearance rate of 72 per cent was recorded this weekend compared to 72 per cent last weekend and 74 per cent this weekend last year.
There were 611 auctions reported to the REIV this weekend, with 442 selling and 169 being passed in, 77 of those on a vendor bid.
With a record number of auctions held in Victoria so far this year, it’s no surprise that there has also been a record value of homes transacted. So far this year, more than $10.8B worth of homes was sold at auction, which surpasses the $10B value achieved over the same period in 2010. It is also 38 per cent higher than this time last year.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 356
SB Sold before Auction: 85
SA Sold after Auction: 1
Passed in: 169
Passed in on vendor's bid: 77
Clearance rate: 72%
TOTAL AUCTIONS
This week: 611
Yesterday: 8
Last Sunday: 11
This weekend last month: 524
This weekend last year: 600
CLEARANCE RATES:
Weekend: 72%
Yesterday: 50%
Last Sunday: 73%
This weekend last month: 69%
This weekend last year: 74%
Postponed: 6
Withdrawn: 1
Auctions with no result: 92
PS Private Sales: 386
Total Volume (Auctions): $348.38mil
Total Volume (Private Sales): $192.38mil
Total Auctions Houses: 382
Clearance Rate: 75%
Median Price: $809,000
Total Value: $262,834,396
Total Auctions Flats/Apartments: 215
Clearance Rate: 69%
Median Price: $525,000
Total Value: $82,407,150
Total Auctions Vacant Land: 14
Clearance Rate: 36%
Median Price: $430,500
Total Value: $3,138,500
TOP 5 HOUSES
1. 4 Winifred Court, Templestowe $3,350,000
2. 21 Barbara Avenue, Glen Waverley $2,500,000
3. 31 Jackson Street, Toorak $2,445,000
4. 45 Waterdale Road, Ivanhoe $2,380,000
5. 3 Delfi Court, Balwyn $2,330,000
TOP 5 BARGAIN HOUSES
1. 58 Spring Street, Hastings $280,000
2. 42 Electric Street, Broadmeadows $320,000
3. 39 Cosmos Street, Dromana $346,000
4. 8 Bishop Place, Epping $347,500
5. 19 Merrill Drive, Epping $361,500
TOP 5 APARTMENTS
1. 29 Rangeview Grove, Balwyn North $1,920,000
2. 8A Cowper Street, Sandringham $1,740,000
3. 43 Elizabeth Street, Malvern $1,580,000
4. 18 Osborne Avenue, Bentleigh $1,400,000
5. 22B Coling Avenue, Carnegie $1,170,000
TOP 5 BARGAIN APARTMENTS
1. 10/81 Rufus Street, Epping $200,000
2. 13/20 Spring Street, Thomastown $253,000
3. 2/3 Gourlay Road, Hillside $267,000
4. 3/3 Gourlay Road, Hillside $270,500
5. 11/3 Gourlay Road, Hillside $272,000
Source: http://www.reiv.com.au/en/Property-Research
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