Melbourne Property Sales Results
For Sat 26th &n Sun 27th October 2013
A clearance rate of 74 per cent was recorded this weekend compared to 70 per cent last weekend and 60 per cent this weekend last year.
There were 1317 auctions reported to the REIV this weekend, with 977 selling and 340 being passed in, 206 of those on a vendor bid.
Super Saturday delivered a very strong result with over $1.2 billion worth of property sold on the day, a new record for the number of auctions held in one day in Melbourne.
Next weekend the REIV expects around 200 auctions as it is the weekend before Melbourne Cup.
Enzo Raimondo
CEO REIV
Get 50 Property investing tips/strategies in your email inbox for Free
Auction results below:
S Sold
at Auction: 787
SB Sold before Auction: 185
SA Sold after Auction: 5
Passed in: 340
Passed in on vendor's bid: 206
Clearance rate: 74%
TOTAL AUCTIONS
This week: 1317
Yesterday: 32
Last Sunday: 19
This weekend last month: 64
This weekend last year: 747
CLEARANCE RATES:
Weekend: 74%
Yesterday: 69%
Last Sunday: 79%
This weekend last month: NA
This weekend last year: 60%
Postponed: 32
Withdrawn: 10
Auctions with no result: 121
PS Private Sales: 499
Total Volume (Auctions): $857.39mil
Total Volume (Private Sales): $258.72mil
Total Auctions Houses: 902
Clearance Rate: 76%
Median Price: $840,000
Total Value: $678,437,061
Total Auctions Flats/Apartments: 395
Clearance Rate: 72%
Median Price: $569,000
Total Value: $172,109,949
Total Auctions Vacant Land: 18
Clearance Rate: 56%
Median Price: $419,250
Total Value: $6,842,500
TOP 5 HOUSES
1. 11 Hall Street, Brighton $3,820,000
2. 85 Mont Albert Road, Canterbury $3,250,000
3. 26 Norwood Avenue, Brighton $2,900,000
4. 7 Carson Crescent, Hawthorn $2,710,000
5. 3 Oakdale Avenue, Deepdene $2,704,000
TOP 5 BARGAIN HOUSES
1. 10 Ince Place, Melton West $181,000
2. 1/3 Claire Court, Melton $246,000
3. 8 Blendon Avenue, St Albans $267,000
4. 14 Graydon Court, Rosebud $306,000
5. 17 Camelot Drive, Albanvale $311,000
TOP 5 APARTMENTS
1. 1 View Court, Brighton $1,751,000
2. 2B Teddington Road, Hampton $1,620,000
3. 68 Chestnut Street, Richmond $1,401,000
4. 66B Wright Street, Mckinnon $1,400,000
5. 57A Earlsfield Road, Hampton $1,365,000
TOP 5 BARGAIN APARTMENTS
1. 5/49 Farnham Street, Flemington $242,000
2. 4/133 Darebin Road, Thornbury $250,000
3. 1/8 Power Street, St Albans $260,000
4. 1/8-10 Joffre Street, Noble Park $260,000
5. 1/6 Arnott Street, Clayton $272,500
Get 50 Property investing tips/strategies in your email inbox for Free
Source: http://www.reiv.com.au/en/Property-Research