Melbourne Property Sales Results
for Saturday 22nd and Sunday 23rd August 2015
A clearance rate of 74 per cent was recorded this weekend compared to 76 per cent last weekend and 71 per cent this weekend last year.
There were 770 auctions reported to the REIV this weekend, with 569 selling and 201 being passed in, 80 of those on a vendor bid.
More than 4000 auctions are expected to be held this month – including about 1000 auctions next weekend. This is the first time ever that 4000-plus auctions have been held in August.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 474
SB Sold before Auction: 94
SA Sold after Auction: 1
Passed in: 201
Passed in on vendor's bid: 80
Clearance rate: 74%
TOTAL AUCTIONS
This week: 770
Last weekend: 836
This time last year: 675
Postponed: 11
Withdrawn: 7
Auctions with no result: 142
PS Private Sales: 414
Total Volume (Auctions): $534.31mil
Total Volume (Private Sales): $231.31mil
Total Auctions Houses: 507
Clearance Rate: 78%
Median Price: $940,000
Total Value: $419,189,360
Total Auctions Flats/Apartments: 253
Clearance Rate: 66%
Median Price: $602,000
Total Value: $106,512,535
Total Auctions Vacant Land: 9
Clearance Rate: 89%
Median Price: $630,000
Total Value: $8,605,500
TOP 5 HOUSES
1. 17 Marriott Parade, Glen Waverley $6,000,000
2. 5 Mawson Street, Kew $4,695,000
3. 100 Lewisham Road North, Prahran $3,510,000
4. 13 & 15 Thames Street, Box Hill $3,380,000
5. 1 Ultimo Court, Toorak $3,310,000
TOP 5 BARGAIN HOUSES
1. 106 Power Road, Doveton $312,000
2. 8 Burrora Way, Craigieburn $320,000
3. 83 Entally Drive, Albanvale $328,000
4. 104 Power Road, Doveton $330,000
5. 33 Thames Boulevard, Werribee $334,000
TOP 5 APARTMENTS
1. 904/147 Beach Street, Port Melbourne $1,780,000
2. 8/107 Wattle Valley Road, Camberwell $1,710,000
3. 5Lg/18 Acacia Place, Abbotsford $1,675,000
4. 45 Whitmuir Road, Mckinnon $1,480,000
5. 2/5 North Road, Brighton $1,450,000
TOP 5 BARGAIN APARTMENTS
1. 2/25 Petrie Street, Frankston $262,0001. 2/25 Petrie Street, Frankston $262,000
2. 3/242 Pascoe Vale Road, Essendon $265,000
3. 9/14 Jolley Street, Brunswick West $266,500
4. 30/149 Fitzroy Street, St Kilda $292,000
5. 3/61 Strathavan Drive, Berwick $295,000
Source: REIV
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