Melbourne Property Sales Results
for Saturday 13th and Sunday 14th June 2015
A clearance rate of 80 per cent was recorded this weekend compared to 72 per cent last weekend and 70 per cent this weekend last year.
There were 781 auctions reported to the REIV this weekend, with 624 selling and 157 being passed in, 68 of those on a vendor bid.
The 2015 auction market hit a peak in May, with 5,000 auctions held – more than any other month this year. The May clearance rate, at 79 per cent, was also well ahead of May 2014 , when it was 71 per cent
Enzo Raimondo
CEO REIV
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S Sold at Auction: 492
SB Sold before Auction: 132
SA Sold after Auction: 0
Passed in: 157
Passed in on vendor's bid: 68
Clearance rate: 80%
TOTAL AUCTIONS
This week: 781
Yesterday: 9
Last Sunday: 9
This weekend last month: 988
This weekend last year: 919
CLEARANCE RATES:
Weekend: 80%
Yesterday: 78%
Last Sunday: 89%
This weekend last month: 80%
This weekend last year: 70%
Postponed: 12
Withdrawn: 10
Auctions with no result: 117
PS Private Sales: 409
Total Volume (Auctions): $528.3mil
Total Volume (Private Sales): $230mil
Total Auctions Houses: 497
Clearance Rate: 84%
Median Price: $856,250
Total Value: $400,623,820
Total Auctions Flats/Apartments: 273
Clearance Rate: 73%
Median Price: $569,000
Total Value: $119,047,236
Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $560,000
Total Value: $4,580,000
TOP 5 HOUSES
1. 50 Montclair Avenue, Glen Waverley $5,505,000
2. 39 Lambeth Avenue, Armadale $4,660,000
3. 27 Summerhill Road, Brighton East $3,980,000
4. 29 Regent Street, Mount Waverley $3,300,000
5. 32 Barrington Avenue, Kew $3,150,000
TOP 5 BARGAIN HOUSES
1. 115 Glynns Road, North Warrandyte $85,000
2. 42 Mt Eagle Way, Wyndham Vale $265,000
3. 1/4 Dawn Avenue, Dandenong South $275,000
4. 3/70-71 Nepean Highway, Seaford $285,000
5. 11 Donald Street, Dallas $295,000
TOP 5 APARTMENTS
1. 7 Lawson Street, Hampton $1,770,000
2. 3A Abergeldie Avenue, Mckinnon $1,387,500
3. 6/7 Warwick Court, Surrey Hills $1,380,000
4. 61 Michael Street, Fitzroy North $1,250,000
5. 1/56 Union Road, Surrey Hills $1,229,888
TOP 5 BARGAIN APARTMENTS
1. 4/232 Nicholson Street, Footscray $207,000
2. 3/483 Princes Highway, Noble Park $278,000
3. 7/37 Osborne Avenue, Glen Iris $280,000
4. 5/7 Waltham Street, Flemington $285,000
5. 12/63 Ulupna Road, Ormond $296,000
Source: http://www.reiv.com.au/Property-Research
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