Melbourne Property Sales Results
for Saturday 18th and Sunday 19th October 2014
A clearance rate of 71 per cent was recorded this weekend compared to 70 per cent last weekend and 70 per cent this weekend last year.
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There were 864 auctions reported to the REIV this weekend, with 613 selling and 251 being passed in, 127 of those on a vendor bid.
The REIV September quarter medians, released this week, showed that Coburg and Balwyn were this quarter’s top growth suburbs. Both suburbs also experienced strong demand at auction with above-average clearance rates – 82% in Coburg and 77% in Balwyn over the quarter.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 556
SB Sold before Auction: 57
SA Sold after Auction: 0
Passed in: 251
Passed in on vendor's bid: 127
Clearance rate: 71%
TOTAL AUCTIONS
This week: 864
Yesterday: 22
Last Sunday: 32
This weekend last month: 941
This weekend last year: 1009
CLEARANCE RATES:
Weekend: 71%
Yesterday: 68%
Last Sunday: 81%
This weekend last month: 73%
This weekend last year: 70%
Postponed: 18
Withdrawn: 12
Auctions with no result: 213
PS Private Sales: 75
Total Volume (Auctions): $566.79mil
Total Volume (Private Sales): $44.99mil
Total Auctions Houses: 576
Clearance Rate: 76%
Median Price: $927,000
Total Value: $448,425,301
Total Auctions Flats/Apartments: 269
Clearance Rate: 62%
Median Price: $623,000
Total Value: $102,053,722
Total Auctions Vacant Land: 17
Clearance Rate: 53%
Median Price: $570,000
Total Value: $5,499,500
TOP 5 HOUSES
1. 51-55 Goldsmith Street, Elwood $5,450,000
2. 59 Alfred Street, Kew $3,400,000
3. 19 Hanby Street, Brighton $3,320,000
4. 61 Armstrong Street, Middle Park $3,300,000
5. 52 Anderson Road, Hawthorn East $3,220,000
TOP 5 BARGAIN HOUSES
1. 4 Carbon Court, Werribee $256,000
2. 170 Sixth Avenue, Rosebud $310,000
3. 15 Kirwan Avenue, Roxburgh Park $320,000
4. 22&22A Ehuca Street, Dallas $332,000
5. 13 Ryland Circuit, Delahey $335,000
TOP 5 APARTMENTS
1. 192 South Road, Brighton East $1,510,000
2. 20 Fairlie Street, Yarraville $1,377,000
3. 1/2 Male Street, Brighton $1,295,000
4. 29 Haydens Road, Beaumaris $1,246,000
5. 3B/18 Albert Road, South Melbourne $1,100,000
TOP 5 BARGAIN APARTMENTS
1. 16/12 Rosedale Avenue, Glen Huntly $270,000
2. 5/31 Dover Road, Williamstown $294,500
3. 18/470 Punt Road, South Yarra $295,500
4. 1/110 North Road, Reservoir $297,000
5. 1/7 Stewart Street, Thomastown $312,500
Source: http://www.reiv.com.au/Property-Research
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