Melbourne Property Sale Results
for Saturday 12th and Sunday 13th December 2015
A clearance rate of 71 per cent was recorded this week compared to 64 per cent last week and 68 per cent this week last year.
There were 1209 auctions reported to the REIV this weekend, with 860 selling and 349 being passed in, 153 of those on a vendor bid.
A record $27bn worth of residential property has been sold by auction in Victoria, so far this year - up 27 per cent (6bn) on last year.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 711
SB Sold before Auction: 147
SA Sold after Auction: 2
Passed in: 349
Passed in on vendor's bid: 153
Clearance rate: 71%
TOTAL AUCTIONS
This week: 1209
Sunday: 16
Last Sunday: 61
This weekend last month: 1113
This weekend last year: 1469
CLEARANCE RATES
Weekend: 71%
Sunday: 81%
Last Sunday: 72%
This weekend last month:68%
This weekend last year: 68%
Postponed: 15
Withdrawn: 15
Auctions with no result: 391
PS Private Sales: 430
Total Volume (Auctions): $704.72mil
Total Volume (Private Sales): $246.43mil
Total Auctions Houses: 796
Clearance Rate: 71%
Median Price: $843,000
Total Value: $523,571,626
Total Auctions Flats/Apartments: 370
Clearance Rate: 69%
Median Price: $625,000
Total Value: $163,261,900
Total Auctions Vacant Land: 41
Clearance Rate: 90%
Median Price: $252,600
Total Value: $11,487,100
House Sales in Detail
TOP 5 HOUSES
1. 28 Serpells Road, Templestowe $4,868,000
2. 16 Hall Street, Brighton, $3,175,000
3. 2 Hoyt Street, Hampton $3,100,000
4. 5 Fairfield Avenue, Camberwell $2,840,000
5. 973-975 Rathdowne Street, Carlton North $2,800,000
TOP 5 BARGAIN HOUSES
1. 5 Blackwood Drive, Melton South $216,000
2. 8 Regency Place, Melton West $256,000
3. 59 Westcott Parade, Rockbank $260,000
4. 48 Mitford Crescent, Craigieburn $260,000
5. 22 Cyan Crescent, Officer $265,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 32/125 Ormond Road, Elwood $2,320,000
2. 3/21 Grange Road, Sandringham $1,920,000
3. 2/11 Bevis Street, Bentleigh East $1,622,000
4. 1A Stewart Place, Richmond $1,575,000
5. 101 Eglinton Street, Kew $1,561,000
TOP 5 BARGAIN APARTMENTS
1. 2/14A Myrtle Grove, Preston $270,000
2. 62B Herman Road, Lalor $290,000
3. 15/2 Mckay Street, Coburg $290,000
4. 2/1 First Street, Parkdale $300,000
5. 1/432 Dorset Road, Boronia $300,000
Source: REIV
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