Melbourne Property Sales Results
For Sat 14th & Sun 15th Dec 2013
A clearance rate of 70 per cent was recorded this weekend compared to 64 per cent last weekend and 59 per cent this weekend last year.
There were 1320 auctions reported to the REIV this weekend, with 922 selling and 398 being passed in, 214 of those on a vendor bid.
Next weekend the REIV expects around 520 auctions.
Enzo Raimondo
CEO REIV
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RESIDENTIAL
S Sold at Auction: 722
SB Sold before Auction: 198
SA Sold after Auction: 2
Passed in: 398
Passed in on vendor's bid: 214
Clearance rate: 70%
TOTAL AUCTIONS
This week: 1320
Yesterday: 18
Last Sunday: 33
This weekend last month: 1184
This weekend last year: 930
CLEARANCE RATES
Weekend: 70%
Yesterday: 78%
Last Sunday: 82%
This weekend last month: 70%
This weekend last year: 59%
Postponed: 17
Withdrawn: 31
Auctions with no result: 192
PS Private Sales: 520
Total Volume (Auctions): $663.2mil
Total Volume (Private Sales): $253.39mil
Total Auctions Houses: 901
Clearance Rate: 71%
Median Price: $717,500
Total Value: $504,940,227
Total Auctions Flats/Apartments: 394
Clearance Rate: 66%
Median Price: $520,000
Total Value: $142,720,299
Total Auctions Vacant Land: 19
Clearance Rate: 79%
Median Price: $498,500
Total Value: $10,613,500
TOP 5 HOUSES
1. 28 Walpole Street, Kew $2,870,000
2. 23 Jacksons Road, Mount Eliza $2,850,000
3. 29 Bayview Crescent, Black Rock $2,785,000
4. 55 Maltravers Road, Ivanhoe East $2,300,000
5. 15 Norbert Street, Balwyn $2,117,500
TOP 5 BARGAIN HOUSES
1. 40 Gosford Crescent, Broadmeadows $187,000
2. 1 Roberts Crescent, Sunshine West $265,000
3. 16 Robjant Street, Hampton Park $290,000
4. 69 Ahern Road, Pakenham $291,000
5. 1 Rawlings Terrace, Epping $301,000
TOP 5 APARTMENTS
1. 2/131 Hotham Street, East Melbourne $2,400,000
2. 41/85 Rouse Street, Port Melbourne $1,525,000
3. 1B Grant Street, Fitzroy North $1,333,500
4. 2/71 Roslyn Street, Brighton $1,225,000
5. 15 Murray Street, Richmond $1,060,000
TOP 5 BARGAIN APARTMENTS
1. 4/49 Heather Grove, Springvale $160,000
2. 20/57 Dover Street, Flemington $220,000
3. 18/146 Power Street, Hawthorn $295,000
4. 3/95 Victoria Street, Flemington $303,000
5. 13/37 Greville Street, Prahran $306,000
Source: http://www.reiv.com.au/en/Property-Research