Melbourne Property Dales Results

for Saturday 27th and Sunday 28th February 2016

Enzo Raimondo's Market Wrap

A clearance rate of 78 per cent was recorded this weekend compared to 75 per cent last weekend and 77 per cent this weekend last year. There were 1050 auctions reported to the REIV, with 819 selling and 231 being passed in, 111 of those on a vendor bid. This week marks the highest point in auction activity since mid-December 2015. The top auction suburbs in the year to date are Craigieburn (31 auctions), Mooroolbark (28 auctions), Richmond (27 auctions) and Bentleigh East (26 auctions).

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The Detail

665 Sold at Auction
154 Sold before Auction
232 Passed In
9 Withdrawn
1 Sold after auction
111 Passed in on Vendor bid
10 Postponed

Sales Highlights

Top House Sales

3 Crestmont Ct TOORAK $5,795,000
227-229 Cecil St SOUTH MELBOURNE $3,970,000
797 Hampton St BRIGHTON $3,550,000
73 Illawarra Rd HAWTHORN $3,460,000
124 Park Dr PARKVILLE $3,250,000

Top Apartment Sales

8/144 George St FITZROY $2,000,000
169 Dow St PORT MELBOURNE $1,585,000
203/440 Docklands Dr DOCKLANDS $1,450,000
7A Irving Av MURRUMBEENA $1,380,000
14/63 Ormond Esp ELWOOD $1,375,000

Bargain House Sales

79 Osbourne Av NORTH GEELONG $305,000
7 Hosie Av BELL POST HILL $313,000
31 Birchwood Blvd DEER PARK $335,000
2/32 Alamein St NOBLE PARK $356,000
15 Powell St CRAIGIEBURN $362,000

Bargain Apartment Sales

4/8 Kangaroo Rd MURRUMBEENA $280,000
3/43 Gillies St FAIRFIELD $290,000
3/34 Elphin Gr HAWTHORN $290,000
8/14 Hutcheson St MOONEE PONDS $290,000
14A Lackenheath Dr TULLAMARINE $295,000

Source: REIV

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