Melbourne Property Sales Results
for Saturday 5th & Sunday 6th July
A clearance rate of 74 per cent was recorded this weekend compared to 73 per cent last weekend and 68 per cent this weekend last year.
There were 360 auctions reported to the REIV this weekend, with 265 selling and 95 being passed in, 52 of those on a vendor bid.
In 2014, about $9.8B of homes have been sold at auction. This is 41 per cent higher than this time last year. It also surpasses the previous peak of $8.9B transacted over the same period in 2010.
Enzo Raimondo
CEO REIV
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1300 577 233
S Sold at Auction: 215
SB Sold before Auction: 50
SA Sold after Auction: 0
Passed in: 95
Passed in on vendor's bid: 52
Clearance rate: 74%
TOTAL AUCTIONS
This week: 360
Yesterday: 12
Last Sunday: 10
This weekend last month: 1243
This weekend last year: 289
CLEARANCE RATES:
Weekend: 74%
Yesterday: 67%
Last Sunday: 60%
This weekend last month: 71%
This weekend last year: 68%
Postponed: 9
Withdrawn: 4
Auctions with no result: 127
PS Private Sales: 442
Total Volume (Auctions): $180.1mil
Total Volume (Private Sales): $232.48mil
Total Auctions Houses: 205
Clearance Rate: 78%
Median Price: $696,250
Total Value: $118,753,305
Total Auctions Flats/Apartments: 148
Clearance Rate: 69%
Median Price: $527,500
Total Value: $57,067,100
Total Auctions Vacant Land: 6
Clearance Rate: 50%
Median Price: $575,000
Total Value: $1,984,000
TOP 5 HOUSES
1. 21 Clancys Lane, Doncaster $2,350,000
2. 2B Beach Avenue, Elwood $1,890,000
3. 8 Bourke Street, Ringwood $1,705,000
4. 3 Rivulet Place, Warrandyte $1,435,000
5. 1 Costello Street, Mont Albert North $1,427,500
TOP 5 BARGAIN HOUSES
1. 8 Telopea Crescent, Frankston North $295,000
2. 1/126 Central Avenue, Altona Meadows $295,500
3. 1 Perisher Drive, Craigieburn $320,000
4. 8 Cowes Street, Craigieburn $320,000
5. 36 Stockton Street, Craigieburn $340,000
TOP 5 APARTMENTS
1. 1/15 Mountain Grove, Kew $1,400,000
2. 2 Coombe Avenue, Hampton $1,375,000
3. 1/92 Easey Street, Collingwood $1,237,000
4. 54A Mills Street, Albert Park $1,150,000
5. 45 Elizabeth Street, Doncaster East $1,130,000
TOP 5 BARGAIN APARTMENTS
1. 3/7 Coventry Place, Melton South $177,000
2. 2/21 Jolly Street, Frankston $218,000
3. 3/27 Seymour Road, Elsternwick $278,000
4. 6/977 Dandenong Road, Malvern East $298,000
5. 1/83 Westbury Street, St Kilda East $301,500
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Source:http://www.reiv.com.au/en/Property-Research