Melbourne Property Sales Results
for Saturday 2nd and Sunday 3rd May 2015
A clearance rate of 80 per cent was recorded this weekend compared to 82 per cent last weekend and 69 per cent this weekend last year.
There were 929 auctions reported to the REIV this weekend, with 746 selling and 183 being passed in, 85 of those on a vendor bid.
Melbourne's inner suburbs have led the way this weekend with the top three auction suburbs - South Yarra, Richmond and Brunswick - all on the CBD fringe. These high auction levels reflect the current strength in the inner city market, with the median house price for Melbourne's inner suburbs breaking the $1.1m barrier for the first time this year.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 594
SB Sold before Auction: 150
SA Sold after Auction: 2
Passed in: 183
Passed in on vendor's bid: 85
Clearance rate: 80%
TOTAL AUCTIONS
This week: 929
Yesterday: 13
Last Sunday: 33
This weekend last month: 44
This weekend last year: 828
CLEARANCE RATES:
Weekend: 80%
Yesterday: 92%
Last Sunday: 85%
This weekend last month: N/A
This weekend last year: 69%
Postponed: 12
Withdrawn: 10
Auctions with no result: 169
PS Private Sales: 507
Total Volume (Auctions): $663.17mil
Total Volume (Private Sales): $274.52mil
Total Auctions Houses: 632
Clearance Rate: 83%
Median Price: $842,750
Total Value: $510,355,198
Total Auctions Flats/Apartments: 278
Clearance Rate: 74%
Median Price: $620,000
Total Value: $142,214,050
Total Auctions Vacant Land: 15
Clearance Rate: 80%
Median Price: $770,000
Total Value: $9,625,500
TOP 5 HOUSES
1. 67 St Vincent Place, Albert Park $4,210,000
2. 23 Orrong Road, Elsternwick $3,010,000
3. 9 Glenview Avenue, Malvern $2,990,000
4. 37 Hopetoun Avenue, Canterbury $2,830,000
5. 81 Bogong Avenue, Glen Waverley $2,510,000
TOP 5 BARGAIN HOUSES
1. 2 Chelmsford Crescent, St Albans $300,000
2. 13 Photinia Street, Doveton $302,000
3. 103 Second Avenue, Rosebud $305,000
4. 28 Welwyn Parade, Deer Park $313,000
5. 19 Deveney Street, Pakenham $315,000
TOP 5 APARTMENTS
1. 2/27 Darling Street, South Yarra $2,175,000
2. 3B Bryson Avenue, Brighton $2,115,000
3. 32A Sunlight Crescent, Brighton East $1,755,000
4. 20 Waverly Street, Sandringham $1,677,000
5. 10A Butler Street, Camberwell $1,485,000
TOP 5 BARGAIN APARTMENTS
1. 4/6 Mayston Street, Hawthorn East $201,000
2. 5/6 Mayston Street, Hawthorn East $230,000
3. 36A Windrock Avenue, Craigieburn $236,000
4. 180A Grand Boulevard, Craigieburn $242,500
5. 36 Windrock Avenue, Craigieburn $257,000
Source: http://www.reiv.com.au/Property-Research
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