Melbourne Property Sales Results

for Saturday 4th and Sunday 5th July 2015

A clearance rate of 77 per cent was recorded this weekend compared to 79 per cent last weekend and 71 per cent this weekend last year.
There were 508 auctions reported to the REIV this weekend, with 392 selling and 116 being passed in, 50 of those on a vendor bid.

There were around 2,300 auction sales in June 2015 compared to 2,100 over the same period last year.
The suburbs with the highest number of auction sales for the month were Balwyn North (39 sales), Reservoir (38 sales) and Glen Waverley (37 sales).

Enzo Raimondo
CEO REIV

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S Sold at Auction: 310
SB Sold before Auction: 81
SA Sold after Auction: 1

Passed in: 116
Passed in on vendor's bid: 50

Clearance rate: 77%

TOTAL AUCTIONS
This week: 508
Yesterday: 5
Last Sunday: 25
This weekend last month: 275
This weekend last year: 486
CLEARANCE RATES:
Weekend: 77%
Yesterday: 80%
Last Sunday: 80%
This weekend last month: 72%
This weekend last year: 71%

Postponed: 12
Withdrawn: 9
Auctions with no result: 71

PS Private Sales: 443

Total Volume (Auctions): $288.55mil
Total Volume (Private Sales): $252.91mil

Total Auctions Houses: 308
Clearance Rate: 81%
Median Price: $722,500
Total Value: $203,642,749

Total Auctions Flats/Apartments: 196
Clearance Rate: 71%
Median Price: $600,000
Total Value: $84,558,850

Total Auctions Vacant Land: 4
Clearance Rate: 50%
Median Price: $175,500
Total Value: $351,000

TOP 5 HOUSES
1. 675 Moorooduc Highway, Moorooduc $3,352,000
2. 17 Elmhurst Road, Blackburn $3,010,000
3. 10 Landen Avenue, Balwyn North $2,688,888
4. 9 Malua Street, Ormond $2,618,500
5. 42 Bell Street, Fitzroy $2,385,000
TOP 5 BARGAIN HOUSES
1. 10 Plantation Avenue, Frankston North $270,000
2. 4/41 Leonard Avenue, Noble Park $281,000
3. 2 Benalla Street, Dallas $317,000
4. 32 Warringa Crescent, Hoppers Crossing $350,000
5. 25 Billingham Road, Deer Park $363,500

TOP 5 APARTMENTS
1. 302/2 Pier Street, Port Melbourne $2,525,000
2. 3/15 Parring Road, Balwyn $1,410,000
3. 9B Hillside Avenue, Bentleigh $1,320,000
4. 14 Davies Street, Port Melbourne $1,250,000
5. 19A Clements Street, Bentleigh East $1,200,000
TOP 5 BARGAIN APARTMENTS
1. 206/44 Barkly Street, St Kilda $135,000
2. 205/44 Barkly Street, St Kilda $135,000
3. 30/31 Smith Street, St Kilda $135,000
4. 9/31 Smith Street, St Kilda $135,000
5. 305/44 Barkly Street, St Kilda $140,000