Melbourne Property Sales Results

for Saturday 25th and Sunday 26th June 2016

Market Wrap

A clearance rate of 71 per cent was recorded this weekend compared to 71 per cent last weekend and 79 per cent this weekend last year. There were 782 auctions reported to the REIV, with 554 selling and 228 being passed in, 83 of those on a vendor bid. Auction volumes have increased significantly in the past fortnight – up about 150 on late June last year. Next weekend will see fewer auctions as attention moves to the Federal Election.

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The Detail

472 Sold at Auction
82 Sold before Auction
228 Passed In
18 Withdrawn
0 Sold after auction
83 Passed in on Vendor bid
14 Postponed

Sales Highlights

Top House Sales

30 Smith Rd CAMBERWELL $2,800,000
7 Lambeth Av ARMADALE $2,760,000
7 Hunt St BALWYN NORTH $2,690,000
545 Whitehorse Rd SURREY HILLS $2,450,000
34 Langdon Rd CAULFIELD NORTH $2,420,000

Top Apartment Sales

3/34 Faversham Rd CANTERBURY $1,843,000
24A Atkinson St BENTLEIGH $1,486,000
1/2 Kitchener St KEW EAST $1,260,000
26 Serpentine St MONT ALBERT $1,200,000
5/254 Booran Rd ORMOND $1,197,000

Bargain House Sales

20 Kernot St EAST GEELONG $270,500
40 O'Neil Av HOPPERS CROSSING $300,000
11 Hibiscus Cl MEADOW HEIGHTS $355,500
46 Lindrum Rd FRANKSTON $365,000
1 Redan Ct WESTMEADOWS $369,000

Bargain Apartment Sale

7/40-42 Hemmings St DANDENONG $168,000
5/16 Belsay Pl CRAIGIEBURN $274,000
6/51 Boonong Av SEAFORD $280,000
3/16 Belsay Pl CRAIGIEBURN $290,000
2/190 Murrumbeena Rd MURRUMBEENA $291,000

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Source: REIV

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