Melbourne Property Sales Results
for Saturday 21st and Sunday 22nd March 2015
A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year.
There were 1096 auctions reported to the REIV this weekend, with 846 selling and 250 being passed in, 113 of those on a vendor bid.
Melbourne’s east has seen strong demand this year. A clearance rate of 80 per cent has been recorded in inner east region, while over 85 per cent of homes going to auction in the middle and outer eastern regions have sold in 2015.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 701
SB Sold before Auction: 140
SA Sold after Auction: 5
Passed in: 250
Passed in on vendor's bid: 113
Clearance rate: 77%
TOTAL AUCTIONS
This week: 1096
Yesterday: 21
Last Sunday: 26
This weekend last month: 973
This weekend last year: 1022
CLEARANCE RATES:
Weekend: 77%
Yesterday: 76%
Last Sunday: 77%
This weekend last month: 75%
This weekend last year: 72%
Postponed: 10
Withdrawn: 13
Auctions with no result: 167
PS Private Sales: 438
Total Volume (Auctions): $810.98mil
Total Volume (Private Sales): $242.25mil
Total Auctions Houses: 730
Clearance Rate: 80%
Median Price: $941,000
Total Value: $648,558,887
Total Auctions Flats/Apartments: 342
Clearance Rate: 73%
Median Price: $593,500
Total Value: $155,257,590
Total Auctions Vacant Land: 23
Clearance Rate: 48%
Median Price: $410,000
Total Value: $7,165,000
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TOP 5 HOUSES
1. 353 Richardson Street, Middle Park $4,750,000
2. 679 Orrong Road, Toorak $4,680,000
3. 208 Beaconsfield Parade, Middle Park $4,510,000
4. 3 St James Mews, Brighton $3,550,000
5. 17 Evans Road, Kew $3,500,000
TOP 5 BARGAIN HOUSES
1. 18 Ardent Court, Hastings $197,500
2. 7 Thredbo Court, Epping $320,000
3. 88 Creedmore Drive, Rye $322,500
4. 15 Miram Court, Westmeadows $330,000
5. 30 Bootie Court, Roxburgh Park $332,000
TOP 5 APARTMENTS
1. 27 Oak Grove, Brighton $2,397,000
2. 1/36 Dean Street, Kew $1,951,000
3. 40A Cochrane Street, Brighton $1,605,000
4. 3/103 Lucerne Crescent, Alphington $1,400,000
5. 4/103 Lucerne Crescent, Alphington $1,400,000
TOP 5 BARGAIN APARTMENTS
1. 5/1-3 Braemer Street, Seaford $215,500
2. 10/29 Raleigh Street, Essendon $260,000
3. 4/7 Stewart Street, Thomastown $265,000
4. 2/2 Martin Street, Rosebud $272,400
5. 7/9 Poplar Grove, Carnegie $275,000
Source: http://www.reiv.com.au/Property-Research
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