Melbourne Property Sales Results
Sat 31st Aug & Sun 1st Sept 2013
A clearance rate of 75 per cent was recorded this weekend compared to 79 per cent last weekend and 63 per cent this weekend last year.
There were 658 auctions reported to the REIV this weekend, with 492 selling and 166 being passed in, 92 of those on a vendor bid.
Next weekend the REIV expects around 500 auctions.
Enzo Raimondo
CEO REIV
S Sold at Auction: 420
SB Sold before Auction: 71
SA Sold after Auction: 1
Passed in: 166
Passed in on vendor's bid: 92
Clearance rate: 75%
TOTAL AUCTIONS
This week: 658
Yesterday: 12
Last Sunday: 22
This weekend last month: 549
This weekend last year: 564
CLEARANCE RATES
Weekend: 75%
Yesterday: 92%
Last Sunday: 86%
This weekend last month: 72%
This weekend last year: 63%
Postponed: 12
Withdrawn: 3
Auctions with no result: 157
PS Private Sales: 380
Total Volume (Auctions): $407.36mil
Total Volume (Private Sales): $184.27mil
Total Auctions Houses: 441
Clearance Rate: 78%
Median Price: $803,500
Total Value: $309,881,531
Total Auctions Flats/Apartments: 201
Clearance Rate: 71%
Median Price: $580,000
Total Value: $88,540,600
Total Auctions Vacant Land: 12
Clearance Rate: 33%
Median Price: $87,750
Total Value: $1,265,500
TOP 5 HOUSES
1. 6 Heymount Close, Toorak $4,050,000
2. 30 Head Street, Brighton $2,675,000
3. 4 Sir William Street, Kew $2,450,000
4. 114 Prospect Hill Road, Canterbury $2,425,000
5. 10 Woorigoleen Road, Toorak $2,393,000
TOP 5 BARGAIN HOUSES
1. 18 Borrack Crescent, Mernda $300,000
2. 1 Wright Street, Laverton $325,000
3. 15 Dallas Drive, Lalor $340,000
4. 31 The Parkway Road, Caroline Springs $351,000
5. 5 Wandella Road, Frankston $370,000
TOP 5 APARTMENTS
1. 8 Carpenter Street, Brighton $2,621,000
2. 39 Wellington Street, Kew $1,405,000
3. 5B Foster Avenue, Glen Huntly $1,337,000
4. 122 Curzon Street, North Melbourne $1,295,000
5. 3/191 Dow Street, Port Melbourne $1,225,000
TOP 5 BARGAIN APARTMENTS
1. 10/69 Barkly Street, St Kilda $272,000
2. 3/116 Middle Street, Hadfield $292,500
3. 6/299 Cumberland Road, Pascoe Vale $305,000
4. 1/34 Marna Court, Noble Park $309,000
5. 310/441 Lonsdale Street, Melbourne $318,000
Source: http://www.reiv.com.au/en/Property-Research