Melbourne Property Sales Results
for Tuesday 23rd December 2014
A clearance rate of 64 per cent was recorded this week compared to 68 per cent last weekend and 67 per cent this weekend last year.
There were 557 auctions reported to the REIV, with 358 selling and 199 being passed in, 83 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: 273
SB Sold before Auction: 81
SA Sold after Auction: 4
Passed in: 199
Passed in on vendor's bid: 83
Clearance rate: 64%
TOTAL AUCTIONS
This week: 557
This weekend last month: 1143
This weekend last year: 1517
CLEARANCE RATES:
Weekend: 68%
This weekend last month: 64%
This weekend last year: 68%
Postponed: 16
Withdrawn: 33
Auctions with no result: 21
PS Private Sales: 518
Total Volume (Auctions): $240.58mil
Total Volume (Private Sales): $318.79mil
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Total Auctions Houses: 370
Clearance Rate: 70%
Median Price: $670,000
Total Value: $182,854,100
Total Auctions Flats/Apartments: 173
Clearance Rate: 53%
Median Price: $520,000
Total Value: $49,498,123
Total Auctions Vacant Land: 12
Clearance Rate: 33%
Median Price: $457,500
Total Value: $1,874,000
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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. 32 Dundas Place, Albert Park $1,880,000
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
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. 60B Deakin Street, Bentleigh East $1,015,000
5. 2/203 Gertrude Street, Fitzroy $1,001,000
TOP 5 BARGAIN APARTMENTS
1. 12/44-46 Mary Street, Preston $280,000
2. 2/1 Charles Street, Thomastown $290,000
3. 22/2 Horizon Drive, Maribyrnong $300,000
4. 1/18 Barry Street, Reservoir $309,000
5. 5/13 Harold Street, Thornbury $310,000
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Source: http://www.reiv.com.au/property-research
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