Melbourne Property Sales Results
for Saturday 13th and Sunday 14th September 2014
A clearance rate of 75 per cent was recorded this weekend compared to 76 per cent last weekend and 74 per cent this weekend last year.
There were 818 auctions reported to the REIV this weekend, with 617 properties selling and 201 being passed in, 91 of those on a vendor bid.
Forward estimates indicate that there will close to 3,000 auctions for the month of September, which would surpass last year’s 2,463 auctions. So far this year, the eastern suburbs have achieved the highest clearance rates, particularly in suburbs such as Bayswater (93%), Wantirna (92%), and Croydon South (90%).
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 523
SB Sold before Auction: 94
SA Sold after Auction: 0
Passed in: 201
Passed in on vendor's bid: 91
Clearance rate: 75%
TOTAL AUCTIONS
This week: 818
Yesterday: 18
Last Sunday: 17
This weekend last month: 693
This weekend last year: 916
CLEARANCE RATES:
Weekend: 75%
Yesterday: 83%
Last Sunday: xxx
This weekend last month: 72%
This weekend last year: 74%
Postponed: 14
Withdrawn: 10
Auctions with no result: 158
PS Private Sales: 368
Total Volume (Auctions): $520.16mil
Total Volume (Private Sales): $198.72mil
Total Auctions Houses: 546
Clearance Rate: 79%
Median Price: $850,000
Total Value: $409,748,750
Total Auctions Flats/Apartments: 258
Clearance Rate: 68%
Median Price: $560,000
Total Value: $100,860,150
Total Auctions Vacant Land: 13
Clearance Rate: 69%
Median Price: $515,000
Total Value: $4,940,500
TOP 5 HOUSES
1. 97 Winmalee Road, Balwyn $3,155,000
2. 222 Esplanade West, Port Melbourne $2,920,000
3. 336 Burnley Street, Richmond $2,544,000
4. 25-27 Wellington Avenue, Beaumaris $2,460,000
5. 44 Story Street, Parkville $2,340,000
TOP 5 BARGAIN HOUSES
1. 19 Tulloch Avenue, Kurunjang $178,000
2. 162 Mcgrath Road, Wyndham Vale $235,500
3. 78 Greenwood Drive, Carrum Downs $236,000
4. 2 Benalla Street, Dallas $283,500
5. 3 Maple Court, Campbellfield $305,000
TOP 5 APARTMENTS
1. 17B Draper Street, Mckinnon $1,200,000
2. 17A Draper Street, Mckinnon $1,176,000
3. 8D John Street, Ivanhoe $1,120,000
4. 4/11 Yarrbat Avenue, Balwyn $1,120,000
5. 25A Beddoe Avenue, Brighton East $1,100,000
TOP 5 BARGAIN APARTMENTS
1. 2 Hermione Terrace, Epping $220,000
2. 2A Hermione Terrace, Epping $220,000
3. 5/3 Mclennan Place, Preston $273,000
4. 1/39 Myrnong Crescent, Ascot Vale $284,000
5. 30/181 Geelong Road, Seddon $285,000
Source: http://www.reiv.com.au/Property-Research
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