Melbourne Property Sales Results
for Saturday 10th and Sunday 11th October 2015
A clearance rate of 74 per cent was recorded this weekend compared to 70 per cent this weekend last year.
There were 1113 auctions reported to the REIV today, with 819 selling and 294 being passed in, 120 of those on a vendor bid.
The spring auction market continues to remain strong, with two consecutive super Saturday weekends scheduled for the coming fortnight.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 664
SB Sold before Auction: 154
SA Sold after Auction: 1
Passed in: 294
Passed in on vendor's bid: 120
Clearance rate: 74%
TOTAL AUCTIONS
This week: 1113
Last weekend: 63
This weekend last month: 1080
This weekend last year: 996
Postponed: 20
Withdrawn: 11
Auctions with no result: 246
PS Private Sales: 433
Total Volume (Auctions): $692.68mil
Total Volume (Private Sales): $241.53mil
Total Auctions Houses: 723
Clearance Rate: 76%
Median Price: $877,500
Total Value: $513,980,925
Total Auctions Flats/Apartments: 372
Clearance Rate: 69%
Median Price: $605,000
Total Value: $165,794,188
Total Auctions Vacant Land: 12
Clearance Rate: 42%
Median Price: $497,500
Total Value: $2,205,000
House Sales in Detail
TOP 5 HOUSES
1. 25 Wallace Avenue, Toorak $6,500,000
2. 4 Crossakiel Court, Hawthorn $3,560,000
3. 371 Belmore Road, Balwyn North $3,200,000
4. 40 Kerrie Road, Glen Waverley $3,050,000
5. 38 Hood Street, Balwyn North $3,020,000
TOP 5 BARGAIN HOUSES
1. 12 Echuca Street, Dallas $301,000
2. 62 Willora Crescent, Cranbourne West $305,000
3. 16 Rosedale Crescent, Dallas $312,000
4. 20 Rosedale Crescent, Dallas $315,000
5. 1/12 Eureka Court, Kings Park $320,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1706/26 Southgate Avenue, Southbank $2,050,000
2. 2 Peacock Street, Brighton $1,840,000
3. 5B Elizabeth Street, Brighton East $1,520,000
4. 4/32 Bourke Street, Melbourne $1,470,500
5. 2/38 Aylmer Street, Balwyn North $1,355,000
TOP 5 BARGAIN APARTMENTS
1. 3/780 Warrigal Road, Malvern East $200,500
2. 2/28 Codrington Street, Cranbourne $220,000
3. 104/51 Rathdowne Street, Carlton $236,500
4. 2/50 Tranmere Avenue, Carnegie $265,000
5. 4/243 Gower Street, Preston $271,000
Source: REIV
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