Melbourne Property Sales Results
for Saturday 30th and Sunday 31st May 2015
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A clearance rate of 81 per cent was recorded this weekend compared to 80 per cent last weekend and 71 per cent this weekend last year.
There were 1048 auctions reported to the REIV this weekend, with 854 selling and 194 being passed in, 100 of those on a vendor bid.
There were more than 150 suburbs in metro Melbourne where the median price recorded in the first quarter of 2015 was below the metropolitan median of $688,000.
The highest clearance rates recorded so far this year for these areas were for Bayswater (100 per cent), Knoxfield (100 per cent) and Heathmont (97 per cent).
Enzo Raimondo
CEO REIV
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S Sold at Auction: 675
SB Sold before Auction: 177
SA Sold after Auction: 2
Passed in: 194
Passed in on vendor's bid: 100
Clearance rate: 81%
TOTAL AUCTIONS
This week: 1048
Yesterday: 15
Last Sunday: 26
This weekend last month: 120
This weekend last year: 1243
CLEARANCE RATES:
Weekend: 81%
Yesterday: 88%
Last Sunday: 88%
This weekend last month: 82%
This weekend last year: 71%
Postponed: 13
Withdrawn: 13
Auctions with no result: 166
PS Private Sales: 464
Total Volume (Auctions): $798.29mil
Total Volume (Private Sales): $277.67mil
Total Auctions Houses: 678
Clearance Rate: 84%
Median Price: $930,500
Total Value: $618,998,199
Total Auctions Flats/Apartments: 346
Clearance Rate: 79%
Median Price: $590,000
Total Value: $166,511,000
Total Auctions Vacant Land: 21
Clearance Rate: 48%
Median Price: $588,000
Total Value: $9,177,000
TOP 5 HOUSES
1. 3 Miller Street, Brighton $8,040,000
2. 36 Wentworth Avenue, Canterbury $3,950,000
3. 6 York Street, St Kilda West $3,500,000
4. 24 Northcote Road, Armadale $3,000,000
5. 3 Percy Street, Balwyn $2,950,000
TOP 5 BARGAIN HOUSES
1. 11 Allawah Court, Hoppers Crossing $290,000
2. 4 Currawong Street, Mornington $300,000
3. 11 Mica Court, Kings Park $314,000
4. 50 Learmonth Crescent, Sunshine West $326,000
5. 2 Silverton Court, Craigieburn $330,000
TOP 5 APARTMENTS
1. 10B Roselyn Crescent, Bentleigh East $1,420,000
2. 4/31 Cookson Street, Camberwell $1,340,000
3. 2/19 Hartley Avenue, Caulfield $1,280,000
4. 5A/9 Beach Street, Port Melbourne $1,230,000
5. 22 Stillman Street, Richmond $1,221,000
TOP 5 BARGAIN APARTMENTS
1. 3/6 Hatfield Court, West Footscray $220,000
2. 4/230 Ascot Vale Road, Ascot Vale $236,000
3. 9/1 Kokaribb Road, Carnegie $260,000
4. 2/5-7 Princes Street, Abbotsford $270,000
5. 3/24 Methven Avenue, South Morang $272,500
Source: http://www.reiv.com.au/Property-Research
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