Melbourne Property Sales Results
for Saturday 29th and Sunday 30th November 2014
A clearance rate of 66 per cent was recorded this weekend compared to 65 per cent last weekend and 68 per cent this weekend last year.
There were 1213 auctions reported to the REIV this weekend, with 805 selling and 408 being passed in, 209 of those on a vendor bid.
Despite the State election being held this weekend, auction volumes have remained very strong. The top auction suburbs this weekend were Richmond, Port Melbourne, Reservoir, Doncaster East and St Kilda.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 630
SB Sold before Auction: 175
SA Sold after Auction: 0
Passed in: 408
Passed in on vendor's bid: 209
Clearance rate: 66%
TOTAL AUCTIONS
This week: 1213
Yesterday: 26
Last Sunday: 22
This weekend last month: 1682
This weekend last year: 1440
CLEARANCE RATES:
Weekend: 66%
Yesterday: 88%
Last Sunday: 68%
This weekend last month: 71%
This weekend last year: 68%
Postponed: 34
Withdrawn: 21
Auctions with no result: 262
PS Private Sales: 391
Total Volume (Auctions): $684.71mil
Total Volume (Private Sales): $236.7mil
Total Auctions Houses: 799
Clearance Rate: 69%
Median Price: $870,250
Total Value: $533,419,851
Total Auctions Flats/Apartments: 391
Clearance Rate: 61%
Median Price: $555,000
Total Value: $137,145,065
Total Auctions Vacant Land: 19
Clearance Rate: 42%
Median Price: $570,000
Total Value: $5,997,000
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TOP 5 HOUSES
1. 38 Dawson Avenue, Brighton $8,525,000
2. 37 Elizabeth Street, Brighton East $4,345,000
3. 6 Chilcote Avenue, Malvern $3,760,000
4. 2 Barnsbury Court, Deepdene $3,700,000
5. 129 Richardson Street, Albert Park $3,510,000
TOP 5 BARGAIN HOUSES
1. 83 Seventh Avenue, Rosebud $240,000
2. 11 Romsey Crescent, Dallas $270,000
3. 72 Songlark Crescent, Werribee $270,000
4. 36 Chelsworth Loop, Craigieburn $330,000
5. 15 Freda Street, Broadmeadows $330,000
TOP 5 APARTMENTS
1. 2/8 Glenview Avenue, Malvern $1,920,000
2. 4 Bosisto Street, Richmond $1,530,000
3. 105 Ormond Esplanade, Elwood $1,500,000
4. 3 Edward Street, Toorak $1,250,000
5. 72/503 Orrong Road, Armadale $1,130,000
TOP 5 BARGAIN APARTMENTS
1. 1/44 Brunswick Street, Fitzroy $133,000
2. 9/10 Derby Street, Fawkner $228,000
3. 36 Elinda Place, Reservoir $253,000
4. 5/216 Sladen Street, Cranbourne $255,000
5. 710/551 Flinders Lane, Melbourne $295,000
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Source: http://www.reiv.com.au/Property-Research
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