Melbourne Property Sales Results
for Saturday 20th and Sunday 21st December 2014
A clearance rate of 68 per cent was recorded this weekend compared to 68 per cent last weekend and 67 per cent this weekend last year.
There were 480 auctions reported to the REIV this weekend, with 326 selling and 154 being passed in, 65 of those on a vendor bid.
This weekend concludes the strongest year for the auction market. There have been more than 40,300 auctions held over 2014 with over 28,500 selling, about 17 per cent higher than in 2013.
The auction market will now take a break until the end of January, with the next big auction weekend scheduled in February 2015.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 249
SB Sold before Auction: 73
SA Sold after Auction: 4
Passed in: 154
Passed in on vendor's bid: 65
Clearance rate: 68%
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TOTAL AUCTIONS
This week: 480
Yesterday: 1
Last Sunday: 47
This weekend last month: 1346
This weekend last year: 458
CLEARANCE RATES:
Weekend: 68%
Yesterday: 0%
Last Sunday: 77%
This weekend last month: 66%
This weekend last year: 67%
Postponed: 13
Withdrawn: 18
Auctions with no result: 119
PS Private Sales: 450
Total Volume (Auctions): $216.48mil
Total Volume (Private Sales): $282.36mil
Total Auctions Houses: 321
Clearance Rate: 74%
Median Price: $665,000
Total Value: $168,108,600
Total Auctions Flats/Apartments: 147
Clearance Rate: 56%
Median Price: $520,000
Total Value: $45,094,623
Total Auctions Vacant Land: 11
Clearance Rate: 36%
Median Price: $457,500
Total Value: $1,874,000
TOP 5 HOUSES
1. 78 Wattle Road, Hawthorn $3,160,000
2. 413-414 Esplanade, Mount Martha $2,350,000
3. 18 Montclair Avenue, Glen Waverley $2,055,000
4. 6 Tovey Street, Balwyn North $1,900,000
5. 170 Gordon Street, Balwyn $1,850,000
TOP 5 BARGAIN HOUSES
1. 13 Lipton Drive, Frankston $290,000
2. 6 Stanley Court, Hoppers Crossing $300,000
3. 36 Wattleglen Street, Craigieburn $311,500
4. 11 Sarah Court, South Morang $321,000
5. 3 Barclay Street, Albion $321,500
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TOP 5 APARTMENTS
1. 19 Leckie Street, Bentleigh $1,255,000
2. 18A Abbin Avenue, Bentleigh East $1,112,000
3. 1/573 Toorak Road, Toorak $1,091,000
4. 2/203 Gertrude Street, Fitzroy $1,001,000
5. 1/25 Gladwyn Avenue, Bentleigh East $890,000
TOP 5 BARGAIN APARTMENTS
1. 12/44-46 Mary Street, Preston $280,000
2. 22/2 Horizon Drive, Maribyrnong $300,000
3. 1/18 Barry Street, Reservoir $309,000
4. 5/13 Harold Street, Thornbury $310,000
5. 5A Rocklands Rise, Meadow Heights $315,000
Source: http://www.reiv.com.au/property-research
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