Melbourne Property Sales Results
A clearance rate of 71 per cent was recorded this weekend compared to 74 per cent last weekend and 59 per cent this weekend last year.
There were 910 auctions reported to the REIV this weekend with 646 selling and 264 being passed in, 143 of those on a vendor bid.
Next weekend the REIV expects around 1600 auctions.
Enzo Raimondo
CEO REIV
RESIDENTIALS Sold at Auction: 523
SB Sold before Auction: 123
SA Sold after Auction: 0
Passed in: 264
Passed in on vendor's bid: 143
Clearance rate: 71%
TOTAL AUCTIONS
This week: 910
Yesterday: 14
Last Sunday: 17
This weekend last month: 885
This weekend last year: 645
CLEARANCE RATES
Weekend: 71%
Yesterday: 71%
Last Sunday: 82%
This weekend last month: 78%
This weekend last year: 59%
Postponed: 14
Withdrawn: 20
Auctions with no result: 136
PS Private Sales: 534
Total Volume (Auctions): $520.03mil
Total Volume (Private Sales): $270.99mil
Total Auctions Houses: 588
Clearance Rate: 73%
Median Price: $788,000
Total Value: $391,555,400
Total Auctions Flats/Apartments: 293
Clearance Rate: 69%
Median Price: $555,500
Total Value: $121,113,301
Total Auctions Vacant Land: 26
Clearance Rate: 62%
Median Price: $294,000
Total Value: $5,281,500
TOP 5 HOUSES
1. 16 Dawson Avenue, Brighton $3,605,000
2. 29 Canterbury Road, Middle Park $2,800,000
3. 54 Meredith Street, Elwood $2,800,000
4. 7 Widford Street, Hawthorn East $2,776,000
5. 14 Cooloongatta Road, Camberwell $2,500,000
TOP 5 BARGAIN HOUSES
1. 11 Currajong Street, St Albans $240,000
2. 58 Hughes Crescent, Dandenong North $258,000
3. 5 Watson Street, Dandenong North $281,000
4. 4 Kiparra Close, St Albans $328,000
5. 32 Alexander Street, Hallam $335,000
TOP 5 APARTMENTS
1. 3/120 Anderson Street, South Yarra $2,150,000
2. 7/136 Yarrbat Avenue, Balwyn $1,385,000
3. 26 Singleton Road, Balwyn North $1,351,000
4. 19 Murray Drive, Burwood $1,225,000
5. 10 Hotham Street, East Melbourne $1,056,000
TOP 5 BARGAIN APARTMENTS
1. 2/101 Mccrae Street, Dandenong $240,000
2. 3 Long Street, Frankston $265,000
3. 22/46 Baker Street, Richmond $290,000
4. 3/76 Regent Avenue, Springvale $305,000
5. 6/67 Ballarat Road, Footscray $310,000
Register Here for "50 Must Know Property Investing Tips"
1300 577 233
Facebook Twitter Youtube Property List
Source: http://www.reiv.com.au/en/Property-Research