Melbourne Property Sales Results
for Saturday 25th and Sunday 26th August 2015
A clearance rate of 79 per cent was recorded this weekend compared to 75 per cent last weekend and 70 per cent this weekend last year.
There were 687 auctions reported to the REIV this weekend, with 542 selling and 145 being passed in, 56 of those on a vendor bid.
A number of Melbourne suburbs have recorded annual capital growth of more than 20 per cent. These include Mount Waverley (28 per cent), Doncaster (28 per cent), Burwood (27 per cent) and Balwyn North (23 per cent).
Enzo Raimondo
CEO REIV
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S Sold at Auction: 445
SB Sold before Auction: 96
SA Sold after Auction: 1
Passed in: 145
Passed in on vendor's bid: 56
Clearance rate: 79%
TOTAL AUCTIONS
This week: 687
Yesterday: 10
Last Sunday: 17
This weekend last month: 864
This weekend last year: 684
CLEARANCE RATES:
Weekend: 79%
Yesterday: 60%
Last Sunday: 100%
This weekend last month: 79%
This weekend last year: 70%
Postponed: 13
Withdrawn: 14
Auctions with no result: 136
PS Private Sales: 407
Total Volume (Auctions): $417.06mil
Total Volume (Private Sales): $226.42mil
Total Auctions Houses: 461
Clearance Rate: 84%
Median Price: $770,000
Total Value: $325,198,588
Total Auctions Flats/Apartments: 214
Clearance Rate: 69%
Median Price: $586,000
Total Value: $87,284,000
Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $666,000
Total Value: $3,750,500
TOP 5 HOUSES
1. 8 Ferdinand Avenue, Balwyn North $3,600,000
2. 59-61 Patterson Street, Ringwood East $3,000,000
3. 110 Mountain View Road, Balwyn North $2,930,000
4. 11 Mitchell Street, Northcote $2,820,000
5. 5 Agnes Avenue, Balwyn North $2,400,000
TOP 5 BARGAIN HOUSES
1. 35 Rostron Way, Roxburgh Park $300,000
2. 5 Dunn Street, Broadmeadows $315,000
3. 6 Scarlet Drive, Doveton $330,000
4. 5 Lytham Court, Sunbury $340,000
5. 17A Apple Tree Drive, Mill Park $345,000
TOP 5 APARTMENTS
1. 2/1 Marne Street, South Yarra $1,740,000
2. 103/33 Wattle Road, Hawthorn $1,420,000
3. 1/305 Gallaghers Road, Glen Waverley $1,195,000
4. 157 Ramsden Street, Clifton Hill $1,185,000
5. 34A Lesden Street, Bentleigh East $1,160,000
TOP 5 BARGAIN APARTMENTS
1. 2/17 Abercarn Avenue, Craigieburn $280,000
2. 1/20 Shankland Boulevard, Meadow Heights $280,000
3. 7/12 Schofield Street, Essendon $290,000
4. 15/78 Argyle Street, Moonee Ponds $295,000
5. 11/114 Mason Street, Newport $316,000
Source: http://www.reiv.com.au/Property-Research
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