Melbourne Property Sales Results
for Saturday 22nd and Sunday 23rd February 2014
A clearance rate of 75 per cent was recorded this weekend compared to 70 per cent last weekend and 72 per cent this weekend last year.
There were 1105 auctions reported to the REIV this weekend, with 831 selling and 274 being passed in, 148 of those on a vendor bid.
Over 1,000 homes have already been sold by auction so far this year which is a solid start to 2014.
Next weekend the REIV expects around 1,290 auctions.
Enzo Raimondo
CEO REIV
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1300 577 233
RESIDENTIAL
S Sold at Auction: 669
SB Sold before Auction: 160
SA Sold after Auction: 2
Passed in: 274
Passed in on vendor's bid: 148
Clearance rate: 75%
TOTAL AUCTIONS
This week: 1105
Yesterday: 19
Last Sunday: 12
This weekend last month: 98
This weekend last year: 939
CLEARANCE RATES
Weekend: 75%
Yesterday: 89%
Last Sunday: 58%
This weekend last month: N/A
This weekend last year: 72%
Postponed: 11
Withdrawn: 22
Auctions with no result: 144
PS Private Sales: 347
Total Volume (Auctions): $689.23mil
Total Volume (Private Sales): $184.91mil
Total Auctions Houses: 700
Clearance Rate: 76%
Median Price: $850,000
Total Value: $504,457,950
Total Auctions Flats/Apartments: 383
Clearance Rate: 75%
Median Price: $575,000
Total Value: $175,715,250
Total Auctions Vacant Land: 21
Clearance Rate: 57%
Median Price: $609,000
Total Value: $6,324,000
TOP 5 HOUSES
1. 29 Sussex Street, Brighton $3,600,000
2. 88 Park Street, Moonee Ponds $3,362,000
3. 25-27 Bridge Street, Hampton $3,100,000
4. 29 Munro Street, Kew East $2,815,000
5. 1 Gahan Court, Toorak $2,720,000
TOP 5 BARGAIN HOUSES
1. 1957-1963 Western Highway, Rockbank $150,000
2. 133 Spray Street, Rosebud $275,000
3. 28 Lady Penrhyn Drive, Melton West $275,000
4. 7 Walton Close, Craigieburn $306,500
5. 13 Limpopa Square, Roxburgh Park $310,000
TOP 5 APARTMENTS
1. 1-4/2 Eyre Court, Templestowe Lower $1,710,000
2. 7 Burns Avenue, Clayton South $1,620,000
3. 504/65 Beach Street, Port Melbourne $1,560,000
4. 25a Murray Street, Prahran $1,535,000
5. 52a Halifax Street, Brighton $1,370,000
TOP 5 BARGAIN APARTMENTS
1. 6/43 Fir Street, Whittlesea $205,000
2. 2/38 Dalgety Street, St Kilda $220,500
3. 1/24 Rooney Street, Maidstone $257,500
4. 309/363 Beaconsfield Parade, St Kilda $260,000
5. 8/3 Violet Street, Essendon $265,000
Source: http://www.reiv.com.au/en/Property-Research
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