Melbourne Property Sales Results
for Saturday 6th February and Sunday 7th February 2016
A clearance rate of 76 per cent was recorded this weekend compared to 74 per cent last weekend and 65 per cent this weekend last year.
There were 219 auctions reported to the REIV, with 167 selling and 52 being passed in, 26 of those on a vendor bid.
Auction activity will now grow significantly, with close to 1,000 auctions scheduled for each of the last two weekends of February.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 142
SB Sold before Auction: 24
SA Sold after Auction: 1
Passed in: 52
Passed in on vendor's bid: 26
Clearance rate: 76%
TOTAL AUCTIONS
This week: 219
Last weekend: 169
This time last year: 241
Postponed: 6
Withdrawn: 3
Auctions with no result: 46
PS Private Sales: 299
Total Volume (Auctions): $110.06mil
Total Volume (Private Sales): $179.01mil
Total Auctions Houses: 163
Clearance Rate: 72%
Median Price: $675,000
Total Value: $80,757,200
Total Auctions Flats/Apartments: 41
Clearance Rate: 85%
Median Price: $475,000
Total Value: $19,332,500
Total Auctions Vacant Land: 13
Clearance Rate: 92%
Median Price: $408,500
Total Value: $1,679,500
House Sales in Detail
TOP 5 HOUSES
1. 10 Milverton Street, Camberwell $1,910,000
2. 62 Mcindoe Parade, Parkdale $1,900,000
3. 17 Lachlan Grange, Bulleen $1,610,500
4. 37 Toolangi Road, Alphington $1,440,000
5. 292 Springfield Road, Nunawading $1,275,000
TOP 5 BARGAIN HOUSES
1. 28 Stefan Drive, Melton West $270,000
2. 112 Foam Street, Rosebud $355,000
3. 17 Nandina Road, Narre Warren $370,000
4. 172 Graham Street, Broadmeadows $375,000
5. 20 Almond Drive, Doveton $380,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 42 Glover Street, South Melbourne $1,800,000
2. 1/16 Milton Street, Carnegie $1,113,000
3. 1801/1 William Street, Melbourne $1,035,000
4. 1/18 Rothwell Street, Ascot Vale $865,000
5. 3/35-37 Grange Road, Caulfield East $835,000
TOP 5 BARGAIN APARTMENTS
1. 20/294 Nicholson Street, Seddon $261,000
2. 11/15 Dover Street, Flemington $274,000
3. 59 Valiant Crescent, Craigieburn $290,000
4. 12/101 Ballarat Road, Maidstone $290,000
5. 11/78 Wingara Drive, Rosebud West $315,000
Source: REIV
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