Melbourne Property Sales Results
For Sat 24th & Sun 25th August 2013
A clearance rate of 82 per cent was recorded this weekend compared to 74 per cent last weekend and 57 per cent this weekend last year.
There were 573 auctions reported to the REIV this weekend, with 467 selling and 106 being passed in, 60 of those on a vendor bid.
Next weekend the REIV expects around 850 auctions.
Enzo Raimondo
CEO REIV
S Sold at Auction: 378
SB Sold before Auction: 89
SA Sold after Auction: 0
Passed in: 106
Passed in on vendor's bid: 60
Clearance rate: 82%
TOTAL AUCTIONS
This week: 573
Yesterday: 12
Last Sunday: 16
This weekend last month: 566
This weekend last year: 467
CLEARANCE RATES:
Weekend: 82%
Yesterday: 92%
Last Sunday: 75%
This weekend last month: 69%
This weekend last year: 57%
Postponed: 8
Withdrawn: 11
Auctions with no result: 108
PS Private Sales: 441
Total Volume (Auctions): $347.43mil
Total Volume (Private Sales): $227.62mil
Total Auctions Houses: 378
Clearance Rate: 82%
Median Price: $750,000
Total Value: $252,943,556
Total Auctions Flats/Apartments: 188
Clearance Rate: 81%
Median Price: $558,000
Total Value: $91,795,750
Total Auctions Vacant Land: 6
Clearance Rate: 50%
Median Price: $852,000
Total Value: $2,412,000
TOP 5 HOUSES
1. 7 Sir William Street, Kew $3,065,000
2. 84 Chomley Street, Prahran $1,865,000
3. 11 Malleson Street, Richmond $1,820,000
4. 2 Lily Street, Bentleigh $1,700,000
5. 22 Vale Street, East Melbourne $1,630,000
TOP 5 BARGAIN HOUSES
1. 75 Almurta Avenue, Coolaroo $280,000
2. 1B Bremner Court, Mill Park $311,500
3. 28 Milford Court, Meadow Heights $326,000
4. 6 Omega Crescent, Carrum Downs $327,350
5. 15 Thistle Court, Delahey $330,500
TOP 5 APARTMENTS
1. 8/33 St Georges Road, Toorak $1,818,000
2. 77-78/487 St Kilda Road, Melbourne $1,560,000
3. 5/555 Toorak Road, Toorak $1,270,000
4. 4A Gardenvale Road, Caulfield South $1,205,000
5. 8 Anchor Place, Prahran $1,112,000
TOP 5 BARGAIN APARTMENTS
1. 4/7 Palm Street, Fairfield $300,000
2. 18/5 Warley Road, Malvern East $305,000
3. 16/116 Ascot Vale Road, Flemington $306,500
4. 7/6 Byron Street, Elwood $310,000
5. 26/56 Hamilton Road, Bayswater North $325,000
Source: http://www.reiv.com.au/en/Property-Research
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