Melbourne Property Sales Results
for Saturday 15th and Sunday 16th November 2014
A clearance rate of 69 per cent was recorded this weekend compared to 64 per cent last weekend and 70 per cent this weekend last year.
There were 1165 auctions reported to the REIV today, with 802 selling and 363 being passed in, 203 of those on a vendor bid.
November caps off a big year for auctions in Melbourne. The total number of auctions held so far this year is 17 per cent higher than the same time last year, with 32,874 auctions held in the year to date.
Enzo Raimondo
CEO REIV
S Sold at Auction: 655
SB Sold before Auction: 144
SA Sold after Auction: 3
Passed in: 363
Passed in on vendor's bid: 203
Clearance rate: 69%
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TOTAL AUCTIONS
This week: 1165
Last weekend: 1143
This time last year: 1148
CLEARANCE RATES:
Weekend: 69%
This weekend last month: 72%
This weekend last year: 70%
Postponed: 19
Withdrawn: 22
Auctions with no result: 134
PS Private Sales: 356
Total Volume (Auctions): $666.83mil
Total Volume (Private Sales): $194.1mil
Total Auctions Houses: 812
Clearance Rate: 74%
Median Price: $810,500
Total Value: $538,453,502
Total Auctions Flats/Apartments: 330
Clearance Rate: 59%
Median Price: $578,000
Total Value: $117,639,588
Total Auctions Vacant Land: 19
Clearance Rate: 26%
Median Price: $367,500
Total Value: $3,303,500
TOP 5 HOUSES
1. 15 Marriage Road, Brighton East $3,300,000
2. 19 Bourne Road, Glen Iris $2,800,000
3. 1A John Street, Kew $2,700,000
4. 63 Nepean Highway, Aspendale $2,560,000
5. 32 Aquila Street, Balwyn North $2,550,000
TOP 5 BARGAIN HOUSES
1. 50 Monash Street, Melton South $182,500
2. 6 Junee Court, Hastings $196,000
3. 48 Marina Drive, Melton $216,000
4. 72 James Street, Hastings $260,000
5. 3 Canadian Court, Meadow Heights $270,000
TOP 5 APARTMENTS
1. 6 Bent Street, Brighton $2,080,000
2. 86 Charles Street, Prahran $1,670,000
3. 2/40 Grange Road, Toorak $1,451,000
4. 58B Barkly Avenue, Armadale $1,401,000
5. 1/706 Hampton Street, Brighton $1,060,000
TOP 5 BARGAIN APARTMENTS
1. 5/6 Newman Avenue, Carnegie $255,000
2. 8/314 Inkerman Street, St Kilda East $275,000
3. 8/43 Gillies Street, Fairfield $280,000
4. 1/47 St James Avenue, Springvale $283,000
5. 1/19 Bluegum Court, Narre Warren $290,000
Source: http://reiv.com.au/property-research
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