Melbourne Property Sales Results
for Saturday 23rd and Sunday 24th May 2015
A clearance rate of 82 per cent was recorded this weekend compared to 77 per cent last weekend and 71 per cent this weekend last year.
There were 940 auctions reported to the REIV this weekend, with 775 selling and 165 being passed in, 79 of those on a vendor bid.
The demand for auctions has been the strongest in Melbourne’s east. The top local government areas which experienced the highest clearance rates this year are Knox (94 per cent), Whitehorse (89 per cent) and Maroondah (88 per cent).
Enzo Raimondo
CEO REIV
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S Sold at Auction: 636
SB Sold before Auction: 138
SA Sold after Auction: 1
Passed in: 165
Passed in on vendor's bid: 79
Clearance rate: 82%
TOTAL AUCTIONS
This week: 940
Yesterday: 15
Last Sunday: 27
This weekend last month: 120
This weekend last year: 1132
CLEARANCE RATES:
Weekend: 82%
Yesterday: 87%
Last Sunday: 85%
This weekend last month: 82%
This weekend last year: 71%
Postponed: 16
Withdrawn: 14
Auctions with no result: 130
PS Private Sales: 473
Total Volume (Auctions): $721.5mil
Total Volume (Private Sales): $273.49mil
Total Auctions Houses: 638
Clearance Rate: 86%
Median Price: $920,000
Total Value: $551,832,850
Total Auctions Flats/Apartments: 282
Clearance Rate: 76%
Median Price: $630,000
Total Value: $145,093,819
Total Auctions Vacant Land: 14
Clearance Rate: 50%
Median Price: $348,500
Total Value: $2,819,200
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TOP 5 HOUSES
1. 46 Canberra Grove, Brighton East $4,010,000
2. 1 Russell Street, Toorak $3,960,000
3. 27 Donna Buang Street, Camberwell $3,370,000
4. 82 Maud Street, Balwyn North $3,083,000
5. 1 Grieve Street, Balwyn North $2,805,000
TOP 5 BARGAIN HOUSES
1. 4 Dumosa Court, St Albans $247,500
2. 17 Brighton Place, Craigieburn $295,000
3. 1 Moorhen Crescent, Carrum Downs $304,000
4. 1 Mitre Crescent, Frankston North $308,000
5. 43 Trafalgar Street, Albanvale $317,000
TOP 5 APARTMENTS
1. 1001/115 Beach Street, Port Melbourne $2,350,000
2. 8B Webb Street, Caulfield $2,270,000
3. 114/350 St Kilda Road, Melbourne $2,100,000
4. 2/29 Park Street, South Yarra $1,530,000
5. 4/55-57 Manningtree Road, Hawthorn $1,508,000
TOP 5 BARGAIN APARTMENTS
1. 8/35 Stud Road, Dandenong $210,000
2. 2/66 Dundas Street, Thornbury $247,000
3. 7/210 Clarke Street, Northcote $270,000
4. 2/2 May Street, Altona North $280,000
5. 8/9 Murrumbeena Road, Murrumbeena $285,000
Source: http://www.reiv.com.au/Property-Research
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