Melbourne Property Sales Results
Sat 20th & Sun 21st July 2013
A clearance rate of 70 per cent was recorded this weekend compared to 73 per cent last weekend and 59 per cent this time last year.
The release of the REIV's June quarter median prices should help encourage a few more sellers into the market over spring as it shows the price falls recorded in 2011 have been recovered. Further increases in stock on the market will be welcomed by buyers.
There were 426 auctions reported to the REIV this weekend, with 299 selling and 127 being passed in, 65 of those on a vendor bid.
Next weekend the REIV expects around 580 auctions.
RESIDENTIAL
S Sold at Auction: 249
SB Sold before Auction: 49
SA Sold after Auction: 1
Passed in: 127
Passed in on vendor's bid: 65
Clearance rate: 70%
TOTAL AUCTIONS
This week: 426
Yesterday: 7
Last Sunday: 2
This weekend last month: 745
This weekend last year: 374
CLEARANCE RATES:
Weekend: 70%
Yesterday: 100%
Last Sunday: 50%
This weekend last month: 69%
This weekend last year: 59%
Postponed: 16
Withdrawn: 11
Auctions with no result: 7
PS Private Sales: 506
Total Volume (Auctions): $195.51mil
Total Volume (Private Sales): $241.68mil
Total Auctions Houses: 263
Clearance Rate: 74%
Median Price: $711,000
Total Value: $141,336,403
Total Auctions Flats/Apartments: 155
Clearance Rate: 66%
Median Price: $517,000
Total Value: $53,350,900
Total Auctions Vacant Land: 8
Clearance Rate: 25%
Median Price: $413,000
Total Value: $826,000
TOP 5 HOUSES
1. 12 Kerferd Place, Albert Park $1,800,000
2. 103 The Eyrie, Eaglemont $1,700,000
3. 12 Bowen Street, Kew $1,610,000
4. 42 Renwick Street, Glen Iris $1,490,500
5. 50 Filbert Street, Caulfield South $1,450,000
TOP 5 BARGAIN HOUSES
1. 20 Drouin Street, Dallas $279,000
2. 2 Mawarra Avenue, Rosebud West $280,000
3. 59 Carrum Woods Drive, Carrum Downs $311,000
4. 37 Hadley Street, Seaford $326,000
5. 153 Second Avenue, Rosebud $330,000
TOP 5 APARTMENTS
1. 33B Sebastopol Street, Caulfield North $1,210,000
2. 1/12 Moselle Street, Mont Albert North $1,195,000
3. 1/58 Davis Street, Kew $945,000
4. 3/162 Church Street, Brighton $876,000
5. 33 Church Street, Beaumaris $865,000
TOP 5 BARGAIN APARTMENTS
1. 1/631 Punt Road, South Yarra $203,500
2. 4/10 Fitzgibbon Avenue, Brunswick West $275,000
3. 7/20 Hawson Avenue, Glen Huntly $300,000
4. 7/10 Woorayl Street, Carnegie $311,000
5. 12/12 Bournemouth Avenue, Springvale $312,000
Source: http://www.reiv.com.au/en/Property-Research