Melbourne Property Sales Results
for Saturday 24th and Sunday 25th October 2015
A clearance rate of 71 per cent was recorded this weekend compared to 73 per cent last weekend and 71 per cent this weekend last year.
There were 1358 auctions reported to the REIV this weekend, with 964 selling and 394 being passed in, 181 of those on a vendor bid.
Next weekend, the REIV is expecting 550 auctions – the highest ever for any Melbourne Cup Day weekend and more than double the number of auctions held last year.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 752
SB Sold before Auction: 210
SA Sold after Auction: 2
Passed in: 394
Passed in on vendor's bid: 181
Clearance rate: 71%
TOTAL AUCTIONS
This week: 1358
Last weekend: 1287
This weekend last year: 1682
Postponed: 19
Withdrawn: 25
Auctions with no result: 278
PS Private Sales: 383
Total Volume (Auctions): $978.56mil
Total Volume (Private Sales): $235.83mil
Total Auctions Houses: 917
Clearance Rate: 74%
Median Price: $973,500
Total Value: $784,965,503
Total Auctions Flats/Apartments: 422
Clearance Rate: 65%
Median Price: $611,000
Total Value: $178,711,700
Total Auctions Vacant Land: 14
Clearance Rate: 64%
Median Price: $309,000
Total Value: $3,705,200
House Sales in Detail
TOP 5 HOUSES
1. 2-4 Mangarra Road, Canterbury $5,515,000
2. 11 Gould Street, Brighton $3,900,000
3. 28 Mangarra Road, Canterbury $3,650,000
4. 2 Hyton Crescent, Kew $3,650,000
5. 84 Victoria Road, Hawthorn East $3,490,000
TOP 5 BARGAIN HOUSES
1. 16 Mackellar Drive, Roxburgh Park $291,000
2. 122 Moor Park Drive, Craigieburn $325,000
3. 55 Camms Road, Cranbourne $331,000
4. 9 Brampton Close, Craigieburn $355,000
5. 68 Serenity Way, South Morang $367,500
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. E153/85 Rouse Street, Port Melbourne $2,110,000
2. 12/13 Denbigh Road, Armadale $1,705,000
3. 2A Hartington Street, Elsternwick $1,660,000
4. 5/333 Beach Road, Black Rock $1,610,000
5. 1/18 St Georges Crescent, Ashburton $1,605,000
TOP 5 BARGAIN APARTMENTS
1. B29/1-5 Grantham Street, Brunswick West $150,000
2. 4/9 Waratah Avenue, Glen Huntly $263,000
3. 8/396 Murray Road, Preston $266,000
4. 8/2-4 Salmon Street, Mentone $275,000
5. 6/87 Alma Road, St Kilda $275,000
Source: REIV
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