Melbourne Property Sales Results
for Saturday 19th and Sunday 20th July 2014
A clearance rate of 73 per cent was recorded this weekend compared to 69 per cent last weekend and 68 per cent this weekend last year.
There were 487 auctions reported to the REIV this weekend, with 356 selling and 131 being passed in, 66 of those on a vendor bid.
Some of the top price growth suburbs over the latest June quarter also experienced improvements in their auction sales. Suburbs such as Sunshine, Langwarrin, Mitcham, Malvern East, and Prahran recorded strong price growth as well as above-average clearance rates.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 279
SB Sold before Auction: 76
SA Sold after Auction: 1
Passed in: 131
Passed in on vendor's bid: 66
Clearance rate: 73%
TOTAL AUCTIONS
This week: 487
Yesterday: 6
Last Sunday: 1
This weekend last month: 919
This weekend last year: 461
CLEARANCE RATES:
Weekend: 73%
Yesterday: 33%
Last Sunday: xxx
This weekend last month: 70%
This weekend last year: 68%
Postponed: 16
Withdrawn: 7
Auctions with no result: 100
PS Private Sales: 303
Total Volume (Auctions): $251.79mil
Total Volume (Private Sales): $164.2mil
Total Auctions Houses: 313
Clearance Rate: 73%
Median Price: $741,100
Total Value: $178,268,000
Total Auctions Flats/Apartments: 163
Clearance Rate: 72%
Median Price: $550,500
Total Value: $68,809,000
Total Auctions Vacant Land: 10
Clearance Rate: 80%
Median Price: $357,000
Total Value: $3,109,000
TOP 5 HOUSES
1. 30 Dawson Avenue, Brighton $4,680,000
2. 46 Ruby Street, Burwood East $2,380,000
3. 1 Flinders Avenue, Canterbury $1,897,000
4. 6 Survey Street, Richmond $1,766,000
5. 18 Bennett Street, Balwyn $1,750,000
TOP 5 BARGAIN HOUSES
1. 14 Yarck Court, Westmeadows $290,000
2. 10 Whitley Crescent, Craigieburn $297,000
3. 15 Dalwhinnie Crescent, Craigieburn $327,000
4. 50 Thoresby Circuit, Craigieburn $330,000
5. 28 Dorchester Street, Craigieburn $330,000
TOP 5 APARTMENTS
1. 11/55-59 Moor Street, Fitzroy $1,410,000
2. 24/15 Beach Street, Port Melbourne $1,400,000
3. 3/31 Kennealy Street, Surrey Hills $1,200,000
4. 112/18 Tanner Street, Richmond $1,200,000
5. 13B Elizabeth Street, Bentleigh East $1,117,500
TOP 5 BARGAIN APARTMENTS
1. 7/23 Ashley Street, Reservoir $265,000
2. 2/2-8 Knight Crescent, Roxburgh Park $280,000
3. 2/81 Cyprus Street, Lalor $302,000
4. 5/128 Inkerman Street, St Kilda $307,000
5. 1/37 Bignell Street, Flemington $307,500
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Source: http://www.reiv.com.au/en/Property-Research