Melbourne Property Sales Results
for Saturday 23rd and Sunday 24th August
A clearance rate of 71 per cent was recorded this weekend compared to 73 per cent last weekend and 79 per cent this weekend last year.
There were 613 auctions reported to the REIV this weekend, with 438 properties selling and 175 being passed in, 75 of those on a vendor bid.
So far this year, about 14 per cent of homes scheduled for auction were sold before. This is the highest since 2010 when 15 per cent of homes were sold before auction. Some of the suburbs with the highest share of homes sold before auction also reported high clearance rates. In Wantirna, for example, 41 per cent of homes were sold before auction, with an overall clearance rate of 92 per cent.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 348
SB Sold before Auction: 88
SA Sold after Auction: 2
Passed in: 175
Passed in on vendor's bid: 75
Clearance rate: 71%
TOTAL AUCTIONS
This week: 613
Yesterday: 7
Last Sunday: 13
This weekend last month: 684
This weekend last year: 643
CLEARANCE RATES:
Weekend: 71%
Yesterday: 57%
Last Sunday: 77%
This weekend last month: 70%
This weekend last year: 79%
Postponed: 11
Withdrawn: 7
Auctions with no result: 79
PS Private Sales: 340
Total Volume (Auctions): $360.12mil
Total Volume (Private Sales): $191.79mil
Total Auctions Houses: 381
Clearance Rate: 73%
Median Price: $782,500
Total Value: $254,658,750
Total Auctions Flats/Apartments: 221
Clearance Rate: 67%
Median Price: $630,000
Total Value: $101,272,486
Total Auctions Vacant Land: 11
Clearance Rate: 82%
Median Price: $364,250
Total Value: $4,189,500
TOP 5 HOUSES
1. 589 Riversdale Road, Camberwell $3,280,000
2. 173 Nelson Road, South Melbourne $3,250,000
3. 9-11 Bruce Street, Box Hill $3,000,000
4. 5 St. Kilian Street, Hampton $2,620,000
5. 59 Medina Road, Glen Waverley $2,580,000
TOP 5 BARGAIN HOUSES
1. 38 Wakenshaw Crescent, Pakenham $300,000
2. 2 Saratoga Walk, Epping $315,000
3. 14 Hughes Crescent, Dandenong North $326,000
4. 40 Dunsterville Crescent, Frankston $362,500
5. 58 Ferndale Road, Sunshine North $365,000
TOP 5 APARTMENTS
1. 1/13A Dendy Street, Brighton $2,230,000
2. 1 Sylvia Crescent, Black Rock $1,685,000
3. 169 Beach Road, Sandringham $1,652,500
4. 2/14 Martin Court, Toorak $1,651,000
5. 84 Yarra Boulevard, Richmond $1,510,000
TOP 5 BARGAIN APARTMENTS
1. 1/68 Woornack Road, Carnegie $230,000
2. 2/54 Balston Street, Balaclava $306,000
3. 7/7 Waltham Street, Flemington $320,000
4. 1/27 Grimwade Street, Reservoir $330,500
5. 12/13 Mcculloch Street, Essendon North $332,000
Source: http://www.reiv.com.au/Property-Research
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