Melbourne Property Sales Results
for Saturday 7th and Sunday 8th March 2015
A clearance rate of 71 per cent was recorded this weekend compared to 77 per cent last weekend and 67 per cent this weekend last year.
There were 309 auctions reported to the REIV this weekend, with 218 selling and 91 being passed in, 48 of those on a vendor bid.
The market will gather momentum from next week onwards. There are two super Saturday weekends scheduled in the next fortnight – with 1,173 auctions scheduled next weekend and 1,265 the following weekend. In the year-to-date, there have been more than 3,500 auctions held.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 171
SB Sold before Auction: 47
SA Sold after Auction: 0
Passed in: 91
Passed in on vendor's bid: 48
Clearance rate: 71%
TOTAL AUCTIONS
This week: 309
Yesterday: 3
Last Sunday: 65
This weekend last month: 451
This weekend last year: 287
CLEARANCE RATES:
Weekend: 71%
Yesterday: 33%
Last Sunday: 92%
This weekend last month: 63%
This weekend last year: 67%
Postponed: 6
Withdrawn: 8
Auctions with no result: 27
PS Private Sales: 357
Total Volume (Auctions): $150.3mil
Total Volume (Private Sales): $201.73mil
Total Auctions Houses: 214
Clearance Rate: 75%
Median Price: $750,000
Total Value: $119,740,100
Total Auctions Flats/Apartments: 88
Clearance Rate: 64%
Median Price: $520,000
Total Value: $30,265,600
Total Auctions Vacant Land: 5
Clearance Rate: 20%
Median Price: $295,000
Total Value: $295,000
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TOP 5 HOUSES
1. 11 Highbury Street, Balwyn North $2,690,000
2. 92 Bayview Street, Williamstown $2,205,000
3. 58 Metung Street, Balwyn $1,950,000
4. 15 Howie Street, Glen Iris $1,720,000
5. 52 Hedderwick Street, Essendon $1,615,000
TOP 5 BARGAIN HOUSES
1. 2 Willow Drive, Hampton Park $295,000
2. 13 Bendoc Court, Meadow Heights $325,000
3. 6 Second Avenue, Craigieburn $335,000
4. 1/60 Maude Avenue, Glenroy $335,000
5. 38 Farnborough Avenue, Craigieburn $347,000
TOP 5 APARTMENTS
1. 10/30 Oliver Lane, Melbourne $1,460,000
2. 153 Cobden Street, South Melbourne $1,438,000
3. 17B Doynton Parade, Mount Waverley $1,195,000
4. 39/211 Wellington Parade South, East Melbourne $945,000
5. 13 Park Lane, St Kilda West $835,000
TOP 5 BARGAIN APARTMENTS
1. 603/45 Victoria Parade, Collingwood $145,500
2. 8/41 Carroll Crescent, Glen Iris $260,000
3. 1/6 Lewis Street, Frankston $275,000
4. 4/50 Lillimur Road, Ormond $289,000
5. 22/22 Blandford Street, West Footscray $307,500
Source: http://www.reiv.com.au/Property-Research
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