Melbourne Property Sales Results
for Saturday 31st May 2014
A clearance rate of 73 per cent was recorded today compared to 71 per cent last weekend and 73 per cent this weekend last year.
There were 1057 auctions reported to the REIV today, with 769 selling and 288 being passed in, 157 of those on a vendor bid.
After about two months of declining clearance rates, the past few weekends have seen an improvement with clearance rates at or above 70 per cent. More than 10,000 homes have been sold at auction so far this year.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 648
SB Sold before Auction: 118
SA Sold after Auction: 3
Passed in: 288
Passed in on vendor's bid: 157
Clearance rate: 73%
TOTAL AUCTIONS
This week: 1057
Last weekend: 1132
This time last year: 752
Postponed: 19
Withdrawn: 14
Auctions with no result: 170
PS Private Sales: 455
Total Volume (Auctions): $684.38mil
Total Volume (Private Sales): $236.87mil
Total Auctions Houses: 699
Clearance Rate: 75%
Median Price: $855,000
Total Value: $523,422,638
Total Auctions Flats/Apartments: 338
Clearance Rate: 69%
Median Price: $585,000
Total Value: $145,181,869
Total Auctions Vacant Land: 18
Clearance Rate: 72%
Median Price: $620,000
Total Value: $9,514,500
TOP 5 HOUSES
1. 1A College Place, Albert Park $3,705,000
2. 52 Young Street, Kew $3,122,000
3. 47 Walpole Street, Kew $3,065,000
4. 5 Millicent Avenue, Toorak $3,040,000
5. 32 Avoca Street, South Yarra $3,020,000
TOP 5 BARGAIN HOUSES
1. 40 Dianne Avenue, Craigieburn $255,000
2. 13 Paperbark Street, Doveton $300,000
3. 161 Denton Avenue, St Albans $310,000
4. 19 Hedgeley Road, Kealba $310,000
5. 3 Vista Street, St Albans $316,000
TOP 5 APARTMENTS
1. 2/17 Well Street, Brighton $2,650,000
2. 3 Otto Place, Richmond $1,850,000
3. 53A Glencairn Avenue, Brighton East $1,790,000
4. 2/63 Maud Street, Balwyn North $1,510,000
5. 37 Millewa Avenue, Malvern East $1,510,000
TOP 5 BARGAIN APARTMENTS
1. 1/110-115 Lightwood Road, Noble Park $239,000
2. 8/25 The Avenue, Malvern East $260,000
3. 2/94-96 Barkly Street, Mornington $265,000
4. 2/60 Helen Street, St Albans $292,000
5. 6/150 Rupert Street, West Footscray $295,000.
Source: http://www.reiv.com.au/en/Property-Research
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