Melbourne Property Sales Results

For Saturday 17th and Sunday 18th August 2016

A clearance rate of 81 per cent was recorded this weekend compared to 77 per cent last weekend and 74 per cent this weekend last year. There were 756 auctions reported to the REIV, with 611 selling and 145 being passed in, 63 of those on a vendor bid. More than 1000 auctions will be held next week, before the market eases over the week of the Grand Final.

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The Detail

511 Sold at Auction
100 Sold before Auction
0 Sold after auction
145 Passed In
63 Passed in on Vendor bid
5 Withdrawn
10 Postponed
134 No result
82% Clearance Rate(Houses)
78% Clearance Rate (Units/Apts)
576 Total Auction Volume ($M)

Private Sales

345 Private Sales
197 Total Private Sale Volume ($M)

Sales Highlights

Top House Sales

367 Dandenong Rd ARMADALE $5,525,000
50-52 Bay St BRIGHTON $4,925,000
15 South Sea Rd SOMERS $3,175,000
29 Thomas St HAMPTON $3,075,000
1 Maitland St GLEN IRIS $2,825,000

Top Apartment Sales

5 Kyeamba Gr TOORAK $2,050,000
13 Devonshire Rd MALVERN EAST $1,914,000
5A Garden St HAWTHORN EAST $1,790,000
2/89A Mont Albert Rd CANTERBURY $1,700,000
17 Spencer Pl RICHMOND $1,695,000

Bargain House Sales

511 Thompson Rd NORLANE $315,000
9 Lorikeet Ct WERRIBEE $320,000
1/26 Plowman Ct EPPING $325,000
6 Martingale Pl PAKENHAM $335,000
8 Stockdale Av DALLAS $335,000

Bargain Apartment Sales

5/330 Sydenham Rd SYDENHAM $287,000
6/13 Ulupna Rd ORMOND $296,000
8/33 Gordon St FOOTSCRAY $305,000
6 Delwyn Cl THOMASTOWN $305,000
6/55-57 David St LALOR $317,000

Source :REIV

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