Melbourne Property Sales Results
for Saturday 16th and Sunday 17th May 2015
A clearance rate of 76 per cent was recorded this weekend compared to 80 per cent last weekend and 70 per cent this weekend last year.
There were 823 auctions reported to the REIV this weekend, with 629 selling and 194 being passed in, 83 of those on a vendor bid.
There have been over 12,000 auctions held in the year to date, with 77 per cent selling. The suburbs with the highest number of auction sales so far this year are: Reservoir (130 sales), Glen Waverley (118 sales), Richmond (118 sales), Bentleigh East (112 sales), St Kilda (106 sales) and Mount Waverley (104 sales).
Enzo Raimondo
CEO REIV
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S Sold at Auction: 520
SB Sold before Auction: 108
SA Sold after Auction: 1
Passed in: 194
Passed in on vendor's bid: 83
Clearance rate: 76%
TOTAL AUCTIONS
This week: 823
Yesterday: 16
Last Sunday: 12
This weekend last month: 1196
This weekend last year: 961
CLEARANCE RATES:
Weekend: 76%
Yesterday: 75%
Last Sunday: 100%
This weekend last month: 78%
This weekend last year: 70%
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Postponed: 7
Withdrawn: 5
Auctions with no result: 105
PS Private Sales: 425
Total Volume (Auctions): $574.13mil
Total Volume (Private Sales): $234.31mil
Total Auctions Houses: 535
Clearance Rate: 80%
Median Price: $925,000
Total Value: $449,594,650
Total Auctions Flats/Apartments: 273
Clearance Rate: 70%
Median Price: $645,000
Total Value: $119,792,000
Total Auctions Vacant Land: 15
Clearance Rate: 73%
Median Price: $667,500
Total Value: $4,741,000
TOP 5 HOUSES
1. 60 Buckingham Drive, Heidelberg $5,200,000
2. 43 Orchard Crescent, Mont Albert North $3,570,000
3. 25 Rushall Crescent, Fitzroy North $3,400,000
4. 1A Woorigoleen Road, Toorak $3,400,000
5. 6 Wills Street, Balwyn $3,160,000
TOP 5 BARGAIN HOUSES
1. 125 Powell Drive, Hoppers Crossing $277,000
2. 25 The Garlands, Craigieburn $290,000
3. 38 Village Avenue, Taylors Lakes $310,000
4. 39 Rokeby Crescent, Craigieburn $325,000
5. 7 Lombardy Avenue, Dromana $330,000
TOP 5 APARTMENTS
1. 5 Olinda Avenue, Beaumaris $2,200,000
2. 3/37 Hartington Street, Kew $1,805,000
3. 5/16-18 Bona Vista Avenue, Surrey Hills $1,405,000
4. 6/103 Lucerne Crescent, Alphington $1,390,000
5. 41B Moylan Street, Bentleigh East $1,386,000
TOP 5 BARGAIN APARTMENTS
1. 9/6 Garnet Street, Brunswick $225,000
2. 7/723 Princes Highway, Springvale $225,000
3. 2/18A Bloomfield Road, Ascot Vale $254,250
4. 1/7 Gascoyne Way, Truganina $295,000
5. 2/465 Princes Highway, Noble Park $300,000
Source: http://www.reiv.com.au/Property-Research
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