Melbourne Property Sales Results
for Saturday 28th June 2014
A clearance rate of 75 per cent was recorded this weekend compared to 72 per cent last weekend and 70 per cent this weekend last year.
There were 636 auctions reported to the REIV today, with 476 selling and 162 being passed in, 83 of those on a vendor bid.
More than 18,000 homes have gone to auction in the year to date, compared to about 14,000 in the first six months of 2013. The higher volumes have not impacted clearance rates, which have also remained solid this year.
Enzo Raimondo
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CEO REIV
SALES RESULTS
Monday, June 23 2014 to Saturday, June 28 2014
"Results are compiled by THE REAL ESTATE INSTITUTE OF VICTORIA. Agents should supply auction and private sale data to phone: 1300 858 788 or e-mail: salesresults@reiv.com.au" The results do not necessarily include all auctions held yesterday or all private sales collected during the week. Contact the agents concerned for further information.
RESIDENTIAL
S Sold at Auction: 370
SB Sold before Auction: 102
SA Sold after Auction: 2
Passed in: 162
Passed in on vendor's bid: 83
Clearance rate: 75%
TOTAL AUCTIONS
This week: 636
Last weekend: 809
This time last year: 638
Postponed: 12
Withdrawn: 5
Auctions with no result: 105
PS Private Sales: 400
Total Volume (Auctions): $356.58mil
Total Volume (Private Sales): $226.41mil
Total Auctions Houses: 420
Clearance Rate: 76%
Median Price: $749,500
Total Value: $266,725,639
Total Auctions Flats/Apartments: 199
Clearance Rate: 72%
Median Price: $575,000
Total Value: $82,702,280
Total Auctions Vacant Land: 14
Clearance Rate: 43%
Median Price: $300,000
Total Value: $2,938,500
TOP 5 HOUSES
1. 34 Kennedy Street, Glen Waverley $3,200,000
2. 150 Simpson Street, East Melbourne $2,600,000
3. 14 Yonga Road, Balwyn $2,500,000
4. 655 Brunswick Street North, Fitzroy North $2,500,000
5. 5 Berkefeld Court, Templestowe $2,350,000
TOP 5 BARGAIN HOUSES
1. 447 Barry Road, Dallas $264,000
2. 5 Cardiff Court, Craigieburn $271,000
3. 2 Mapletree Grove, Mill Park $300,000
4. 2/22 Homestead Drive, Keilor Downs $320,000
5. 202 Seaford Road, Seaford $342,200
TOP 5 APARTMENTS
1. 18 Webb Lane, East Melbourne $1,440,000
2. 6 Glass Street, North Melbourne $1,225,000
3. 2/44 Aberdeen Street, Aberfeldie $1,205,000
4. 1 Maringa Street, Bulleen $1,190,000
5. Lot 2/1 Maringa Street, Bulleen $1,150,000
TOP 5 BARGAIN APARTMENTS
1. 1/11 Findon Street, Hawthorn $235,000
2. 374 Findon Road, Epping $265,000
3. 2B Browning Road, Boronia $271,500
4. 3/34 Tranmere Avenue, Carnegie $290,000
5. 4/54 Kangerong Avenue, Dromana $290,000
Source: http://www.reiv.com.au/en/Property-Research
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