Melbourne Property Sales Results
for Saturday 26th and Sunday 27th July 2014
A clearance rate of 73 per cent was recorded this weekend compared to 70 per cent last weekend and 69 per cent this weekend last year.
There were 592 auctions reported to the REIV this weekend, with 431 selling and 161 being passed in, 73 of those on a vendor bid.
After this week’s auctions, there is expected to be more than 2,200 auctions held in July. This is about 17 per cent higher than this month last year and is also higher than the 10-year average of 2,013 auctions.
Enzo Raimondo
CEO REIV
Register Here for Free Property Investing Tips / Strategies
S Sold at Auction: 361
SB Sold before Auction: 70
SA Sold after Auction: 0
S Sold at Auction: 361SB Sold before Auction: 70SA Sold after Auction: 0
Passed in: 161
Passed in on vendor's bid: 73
Clearance rate: 73%
TOTAL AUCTIONS
This week: 592
Yesterday: 7
Last Sunday: 9
This weekend last month: 809
This weekend last year: 566
CLEARANCE RATES:
Weekend: 73%
Yesterday: 86%
Last Sunday: 56%
This weekend last month: 72%
This weekend last year: 69%
Postponed: 13
Withdrawn: 10
Auctions with no result: 0
PS Private Sales: 430
Total Volume (Auctions): $305.77mil
Total Volume (Private Sales): $216.14mil
Total Auctions Houses: 358
Clearance Rate: 75%
Median Price: $752,500
Total Value: $213,453,738
Total Auctions Flats/Apartments: 228
Clearance Rate: 71%
Median Price: $550,000
Total Value: $90,508,880
Total Auctions Vacant Land: 5
Clearance Rate: 40%
Median Price: $902,500
Total Value: $1,805,000
TOP 5 HOUSES
1. 8 Allee Street, Brighton $3,000,000
2. 28 Sevenoaks Street, Balwyn $2,610,000
3. 4 Roslyn Street, Brighton $2,475,000
4. 106 Park Street, Moonee Ponds $1,790,000
5. 5 Amelia Street, Mckinnon $1,725,000
TOP 5 BARGAIN HOUSES
1. 44 Ribblesdale Avenue, Wyndham Vale $255,000
2. 6 Tarata Drive, Doveton $262,000
3. 17 Cleveland Street, Thomastown $265,000
4. 33 Angelique Grove, Albanvale $280,000
5. 33 Old Belgrave Road, Upper Ferntree Gully $336,000
TOP 5 APARTMENTS
1. 274B Mckean Street, Fitzroy North $1,670,000
2. 12A Malcolm Street, Mckinnon $1,386,000
3. 605/416 Gore Street, Fitzroy $1,028,000
4. 5/284 Dorcas Street, South Melbourne $997,500
5. 1/66 Walsh Street, South Yarra $960,000
TOP 5 BARGAIN APARTMENTS
1. 1/21 Hampton Parade, West Footscray $200,000
2. 7/14-16 South Circular Road, Gladstone Park $210,000
3. 5/68 Woornack Road, Carnegie $225,000
4. 10/77 Chapman Avenue, Glenroy $260,000
5. 3/12 Young Street, Epping $266,500
Source: http://www.reiv.com.au/en/Property-Research
Request Your Free Strategy Session Here
1300 577 233