Melbourne Property Sales Results
for Sat 15th and Sun 16th February 2014
A clearance rate of 71 per cent was recorded this weekend compared to 67 per cent last weekend and 71 per cent this weekend last year.
There were 620 auctions reported to the REIV this weekend, with 443 selling and 177 being passed in, 94 of those on a vendor bid.
The auction market has started the new year very strongly as is evident in this weekend's clearance rate.
Next weekend the REIV expects around 1320 auctions.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 344
SB Sold before Auction: 99
SA Sold after Auction: 0
Passed in: 177
Passed in on vendor's bid: 94
Clearance rate: 71%
TOTAL AUCTIONS
This week: 620
Yesterday: 8
Last Sunday: 54
This weekend last month: 52
This weekend last year: 472
CLEARANCE RATES:
Weekend: 71%
Yesterday: 62%
Last Sunday: 93%
This weekend last month: N/A
This weekend last year: 71%
Postponed: 20
Withdrawn: 8
Auctions with no result: 52
PS Private Sales: 401
Total Volume (Auctions): $311.1mil
Total Volume (Private Sales): $201.98mil
Total Auctions Houses: 381
Clearance Rate: 75%
Median Price: $760,000
Total Value: $215,723,188
Total Auctions Flats/Apartments: 228
Clearance Rate: 67%
Median Price: $570,000
Total Value: $93,568,200
Total Auctions Vacant Land: 11
Clearance Rate: 55%
Median Price: $250,000
Total Value: $1,808,500
TOP 5 HOUSES
1. 9 Asling Street, Brighton $2,966,600
2. 15 Victoria Street, Sandringham $2,225,000
3. 45 William Street, Mount Waverley $2,180,000
4. 107 Page Street, Albert Park $1,980,000
5. 14 Balmerino Avenue, Toorak $1,915,000
TOP 5 BARGAIN HOUSES
1. 41 Bridgeford Crescent, Melton South $175,000
2. 18 Pyalong Crescent, Dallas $285,500
3. 3 Melville Road, Craigieburn $302,000
4. 25 Lynne Street, Lalor $320,000
5. 17 Ivanhoe Avenue, St Albans $327,500
TOP 5 APARTMENTS
1. 5 Haydens Road, Beaumaris $1,440,000
2. 50 Rowell Avenue, Camberwell $1,400,000
3. 1/6 Scarborough Grove, Beaumaris $1,270,000
4. 40 Rusden Street, Brighton $1,208,000
5. 1/7 Gellibrand Street, Kew $1,190,000
TOP 5 BARGAIN APARTMENTS
1. 5/182 Mt Alexander Road, Travancore $185,000
2. 3A/40 Godley Street, Reservoir $244,000
3. 6/9 Baker Street, Richmond $265,000
4. 20/470 Punt Road, South Yarra $272,000
5. 1/21 Ranfurlie Circuit, Melton West $285,000
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Source: http://www.reiv.com.au/en/Property-Research