Melbourne Property Sales Results
for Saturday 28th February and Sunday 1st March 2015
A clearance rate of 79 per cent was recorded this weekend compared to 75 per cent last weekend and 73 per cent this weekend last year.
There were 1275 auctions reported to the REIV this weekend, with 1002 selling and 273 being passed in, 141 of those on a vendor bid.
This week marks the highest point in auction activity for the year to date. The top auction suburbs this year are South Yarra (43 auctions), Reservoir (42 auctions) and Bentleigh East (33 auctions). There will be fewer auctions next weekend (317), due to the Labour Day public holiday.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 842
SB Sold before Auction: 160
SA Sold after Auction: 0
Passed in: 273
Passed in on vendor's bid: 141
Clearance rate: 79%
TOTAL AUCTIONS
This week: 1275
Yesterday: 21
Last Sunday: 27
This weekend last month: N/A
This weekend last year: 1217
CLEARANCE RATES:
Weekend: 69%
Yesterday: 91%
Last Sunday: 85%
This weekend last month: N/A
This weekend last year: 73%
Postponed: 14
Withdrawn: 20
Auctions with no result: 221
PS Private Sales: 563
Total Volume (Auctions): $895.38mil
Total Volume (Private Sales): $280.14mil
Total Auctions Houses: 829
Clearance Rate: 83%
Median Price: $880,000
Total Value: $696,925,797
Total Auctions Flats/Apartments: 420
Clearance Rate: 71%
Median Price: $593,000
Total Value: $191,843,688
Total Auctions Vacant Land: 26
Clearance Rate: 62%
Median Price: $507,500
Total Value: $6,608,000
Free Download: 8 tips for Auction Day
TOP 5 HOUSES
1. 136 Page Street, Middle Park $5,500,000
2. 38 Kooyongkoot Road, Hawthorn $5,085,000
3. 266 Cotham Road, Kew $3,610,000
4. 146 Yarrbat Avenue, Balwyn $3,500,000
5. 29 Myers Avenue, Glen Waverley $3,308,800
TOP 5 BARGAIN HOUSES
1. 1A Dartford Court, Craigieburn $277,500
2. 155 Morris Road, Hoppers Crossing $282,500
3. 32 Ovens Circuit, Whittlesea $290,000
4. 9 The Glen, Pakenham $301,000
5. 14 Kimberley Grove, Pakenham $315,000
TOP 5 APARTMENTS
1. 1/2A Ormsby Grove, Toorak $1,755,000
2. 20-22 Setani Crescent, Heidelberg West $1,640,000
3. 8.1/193 Domain Road, South Yarra $1,610,000
4. 3/5 Thomson Street, South Melbourne $1,531,000
5. 11/243 Beaconsfield Parade, Middle Park $1,485,000
TOP 5 BARGAIN APARTMENTS
1. 3/39 Ovens Circuit, Whittlesea $180,000
2. 2/232 Nicholson Street, Footscray $200,000
3. 7/230 Ascot Vale Road, Ascot Vale $250,000
4. 5/24 Daly Street, Brunswick $260,000
5. 4/21 Nepean Avenue, Hampton East $267,000
Source: http://www.reiv.com.au/Property-Research
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