Melbourne Property Sales Results
for Saturday 28th and Sunday 29th November 2015
A clearance rate of 67 per cent was recorded this week compared to 65 per cent last week and 65 per cent this week last year.
There were 1467 auctions reported to the REIV this weekend, with 981 selling and 486 being passed in, 218 of those on a vendor bid.
It has been a record month, with about 5,700 auctions held - 300 more than in November last year.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 767
SB Sold before Auction: 212
SA Sold after Auction: 2
Passed in: 486
Passed in on vendor's bid: 218
Clearance rate: 67%
TOTAL AUCTIONS
This week: 1467
Yesterday: 31
Last Sunday: 46
This weekend last month: 1556
This weekend last year: 1399
Postponed: 20
Withdrawn: 20
Auctions with no result: 423
PS Private Sales: 428
Total Volume (Auctions): $931.02mil
Total Volume (Private Sales): $260.18mil
Total Auctions Houses: 1024
Clearance Rate: 70%
Median Price: $900,000
Total Value: $760,046,041
Total Auctions Flats/Apartments: 380
Clearance Rate: 61%
Median Price: $615,000
Total Value: $155,113,638
Total Auctions Vacant Land: 22
Clearance Rate: 55%
Median Price: $567,500
Total Value: $11,082,000
House Sales in Detail
TOP 5 HOUSES
1. 17 Elwood Street, Brighton $3,550,000
2. 167 Finch Street, Glen Iris $2,756,000
3. 31B Park Crescent, Aberfeldie $2,750,000
4. 11 Belson Street, Malvern East $2,710,000
5. 14 Terry Street, Balwyn $2,700,000
TOP 5 BARGAIN HOUSES
1. 309 Stumpy Gully Road, Balnarring $253,000
2. 8 Peter Court, Langwarrin $295,000
3. 32 Lorraine Crescent, Jacana $295,000
4. 11 Cullen Drive, Wyndham Vale $296,000
5. 3 Marong Court, Broadmeadows $308,500
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 27A Irymple Avenue, Glen Iris $2,188,000
2. 3.01/125-139 Rathdowne Street, Carlton $2,075,000
3. 65 Draper Street, Albert Park $1,670,000
4. 2/30 Erskine Street, North Melbourne $1,420,000
5. 2/22 Pascoe Avenue, Bentleigh $1,350,000
TOP 5 BARGAIN APARTMENTS
1. 2/29 Kirby Street, Reservoir $271,000
2. 2/10 Edgar Street, Hadfield $285,000
3. 1/249 Burnley Street, Richmond $300,000
4. 3/7 Sydney Street, Footscray $307,000
5. 3/7 Adam Street, Richmond $331,000
Source: REIV
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