Melbourne Property Sales Results
for Saturday 30th and Sunday 31st August 2014
A clearance rate of 76 per cent was recorded this weekend compared to 70 per cent last weekend and 70 per cent this weekend last year.
There were 717 auctions reported to the REIV this weekend, with 544 properties selling and 173 being passed in, 66 of those on a vendor bid.
There were 11,915 auctions held last spring. Forward estimates for this spring indicate similar levels of auctions, if not higher. Melbourne is already set to have its first weekend of more than 1,000 auctions in mid-September as the market ramps up.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 438
SB Sold before Auction: 106
SA Sold after Auction: 0
Passed in: 173
Passed in on vendor's bid: 66
Clearance rate: 76%
TOTAL AUCTIONS
This week: 717
Yesterday: 12
Last Sunday: 13
This weekend last month: 684
This weekend last year: 722
CLEARANCE RATES:
Weekend: 76%
Yesterday: 83%
Last Sunday: 62%
This weekend last month: 74%
This weekend last year: 70%
Postponed: 9
Withdrawn: 10
Auctions with no result: 89
PS Private Sales: 366
Total Volume (Auctions): $462.58mil
Total Volume (Private Sales): $190.85mil
Total Auctions Houses: 473
Clearance Rate: 79%
Median Price: $826,000
Total Value: $348,411,900
Total Auctions Flats/Apartments: 230
Clearance Rate: 71%
Median Price: $590,000
Total Value: $104,774,638
Total Auctions Vacant Land: 12
Clearance Rate: 42%
Median Price: $370,500
Total Value: $3,240,500
TOP 5 HOUSES
1. 43 Erin Street, Richmond $4,070,000
2. 1-3 Palm Grove, Deepdene $3,180,000
3. 51 Cookson Street, Camberwell $2,850,000
4. 6 Myamyn Street, Armadale $2,460,000
5. 22 Bright Street, Brighton East $2,401,000
TOP 5 BARGAIN HOUSES
1. 24 Woking Street, Craigieburn $255,000
2. 4 Anne Court, Cranbourne $267,500
3. 171 Dallas Drive, Dallas $280,000
4. 4 Dean Court, Carrum Downs $314,000
5. 48 Mulberry Pass, Craigieburn $328,000
TOP 5 APARTMENTS
1. 6 St Vincent Place North, Albert Park $1,850,000
2. 907/115 Beach Street, Port Melbourne $1,625,000
3. 9 Belson Street, Malvern East $1,612,000
4. 18 Beacon Vista, Port Melbourne $1,570,000
5. 2/135 Ormond Esplanade, Elwood $1,355,000
TOP 5 BARGAIN APARTMENTS
1. 3/21 Empire Street, Footscray $260,000
2. 7/470 Punt Road, South Yarra $291,500
3. 11/97-99 Raleigh Road, Maribyrnong $296,000
4. 10/23 Davison Street, Richmond $300,000
5. 5/19 Brisbane Street, Murrumbeena $325,000
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Source: http://www.reiv.com.au/en/Property-Research