Melbourne Property Sales Results
for Saturday 11th and Sunday 12th October
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A clearance rate of 74 per cent was recorded this weekend compared to 70 per cent last weekend and 74 per cent this weekend last year.
There were 843 auctions reported to the REIV this weekend, with 623 selling and 220 being passed in, 116 of those on a vendor bid.
Melbourne’s auction numbers for the September quarter of 2014 have set a new all-time record, with around 8,165 held around the city in the past three months. This is 15 per cent higher than the same time last year.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 523
SB Sold before Auction: 100
SA Sold after Auction: 0
Passed in: 220
Passed in on vendor's bid: 116
Clearance rate: 74%
TOTAL AUCTIONS
This week: 843
Yesterday: 22
Last Sunday: 24
This weekend last month: 941
This weekend last year: 931
CLEARANCE RATES:
Weekend: 74%
Yesterday: 86%
Last Sunday: 75%
This weekend last month: 76%
This weekend last year: 74%
Postponed: 19
Withdrawn: 7
Auctions with no result: 161
PS Private Sales: 422
Total Volume (Auctions): $487.05mil
Total Volume (Private Sales): $220.47mil
Total Auctions Houses: 559
Clearance Rate: 78%
Median Price: $786,000
Total Value: $377,930,141
Total Auctions Flats/Apartments: 271
Clearance Rate: 66%
Median Price: $575,000
Total Value: $104,404,000
Total Auctions Vacant Land: 11
Clearance Rate: 55%
Median Price: $520,000
Total Value: $2,835,000
TOP 5 HOUSES
1. 73 Bowen Street, Camberwell $3,600,000
2. 382 Montague Street, Albert Park $2,750,000
3. 34 Rubens Grove, Canterbury $2,463,000
4. 23 Stevenson Street, Kew $2,340,000
5. 5 Robinhood Road, Ivanhoe East $2,326,000
TOP 5 BARGAIN HOUSES
1. 21 Kathryn Street, Doveton $265,000
2. 3 Hyssop Drive, Hallam $325,000
3. 51 Fraser Street, Sunshine $326,000
4. 38 Pinnock Avenue, Roxburgh Park $330,000
5. 46 Fifth Avenue, Rosebud $332,500
TOP 5 APARTMENTS
1. 2/54 Through Road, Camberwell $1,424,000
2. 1/14 Murphy Street, Brighton $1,420,000
3. 11 Woodside Street, Fitzroy North $1,395,000
4. 38A Rocklea Road, Bulleen $1,335,000
5. 1/5 Ardoch Avenue, St Kilda East $1,277,500
TOP 5 BARGAIN APARTMENTS
1. 7/74 Dundas Street, Thornbury $205,000
2. 4/34-42 Hanna Street, Noble Park $250,000
3. 7/45 Oakleigh Road, Carnegie $270,000
4. 15/55 Buckley Street, Moonee Ponds $277,000
5. 2/25 Nicholson Avenue, Reservoir $287,000
Source: http://www.reiv.com.au/Property-Research
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