Melbourne Property Sales Results
for Saturday 26th and Sunday 27th April 2014
A clearance rate of 68 per cent was recorded this weekend compared to 69 per cent this weekend last year.
There were 274 auctions reported to the REIV this weekend, with 185 selling and 89 being passed in, 43 of those on a vendor bid.
After today’s auctions, there have been nearly 7,500 homes sold by auction with an average clearance rate of 71 per cent this year.
Next weekend the REIV expects about 830 auctions.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 140
SB Sold before Auction: 45
SA Sold after Auction: 0
Passed in: 89
Passed in on vendor's bid: 43
Clearance rate: 68%
TOTAL AUCTIONS
This week: 274
Yesterday: 8
Last Sunday: 3
This weekend last month: 1273
This weekend last year: 764
CLEARANCE RATES:
Weekend: 68%
Yesterday: 75%
Last Sunday: N/A
This weekend last month: 69%
This weekend last year: 69%
Postponed: 7
Withdrawn: 5
Auctions with no result: 44
PS Private Sales: 262
Total Volume (Auctions): $108.2mil
Total Volume (Private Sales): $148.07mil
Total Auctions Houses: 196
Clearance Rate: 70%
Median Price: $570,000
Total Value: $79,301,500
Total Auctions Flats/Apartments: 67
Clearance Rate: 63%
Median Price: $506,000
Total Value: $21,685,500
Total Auctions Vacant Land: 8
Clearance Rate: 62%
Median Price: $747,000
Total Value: $3,207,500
TOP 5 HOUSES
1. 14 Hannaslea Street, Box Hill $1,360,000
2. 1 George Street, Caulfield North $1,301,000
3. 10 Outlook Drive, Camberwell $1,282,000
4. 11 Tally Ho Court, Burwood East $1,265,000
5. 1 & 3 Princess Street, Pascoe Vale $1,200,000
TOP 5 BARGAIN HOUSES
1. 26 Dunstan Parade, Campbellfield $242,500
2. 7 Coleman Crescent, Rosebud West $295,000
3. 2A Carroll Crescent, Mill Park $319,000
4. 45 Regal Avenue, Thomastown $320,000
5. 223 Widford Street, Broadmeadows $340,500
TOP 5 APARTMENTS
1. 1/2 Stephens Street, Caulfield $1,535,000
2. 176 Williams Road, Toorak $1,254,000
3. 2/20 Rockley Road, South Yarra $1,045,000
4. 34A Sapphire Street, Niddrie $990,000
5. 13 St James Avenue, Bentleigh $960,000
TOP 5 BARGAIN APARTMENTS
1. 2A Maiden Court, Epping $270,000
2. 3/516 Pascoe Vale Road, Pascoe Vale $315,000
3. 23/157 Epsom Road, Ascot Vale $325,000
4. 3/25 Finchley Avenue, Glenroy $327,500
5. 3/125 Victoria Street, Brunswick $340,000
Source: http://www.reiv.com.au/en/Property-Research
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