Melbourne Property Sales Results
for Saturday 8th and Sunday 9th 2014
A clearance rate of 68 per cent was recorded this weekend compared to 67 per cent last weekend and 68 per cent this weekend last year.
There were 934 auctions reported to the REIV this weekend, with 632 selling and 302 being passed in, 146 of those on a vendor bid.
So far this year, there have been nearly 33,000 auctions held in Victoria. Reservoir (517 auctions), Richmond (428 auctions), and South Yarra (408 auctions) are the top auction suburbs in the year to date.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 525
SB Sold before Auction: 106
SA Sold after Auction: 1
Passed in: 302
Passed in on vendor's bid: 146
Clearance rate: 68%
TOTAL AUCTIONS
This week: 934
Yesterday: 22
Last Sunday: 6
This weekend last month: 996
This weekend last year: 1052
CLEARANCE RATES:
Weekend: 68%
Yesterday: 73%
Last Sunday: 67%
This weekend last month: 70%
This weekend last year: 68%
Postponed: 20
Withdrawn: 17
Auctions with no result: 269
PS Private Sales: 358
Total Volume (Auctions): $476.74mil
Total Volume (Private Sales): $202.12mil
Total Auctions Houses: 634
Clearance Rate: 70%
Median Price: $765,000
Total Value: $368,462,947
Total Auctions Flats/Apartments: 283
Clearance Rate: 65%
Median Price: $575,000
Total Value: $104,561,150
Total Auctions Vacant Land: 17
Clearance Rate: 41%
Median Price: $640,500
Total Value: $3,711,500
Free Download: 8 Tips For Auction Day
TOP 5 HOUSES
1. 9 Cole Street, Hawthorn East $3,800,000
2. 12 Hall Street, Brighton $3,515,000
3. 50 Garton Street, Carlton North $2,820,000
4. 64 Withers Street, Albert Park $2,570,000
5. 8 Raynes Park Road, Hampton $2,450,000
TOP 5 BARGAIN HOUSES
1. 35 Phillip Street, Dallas $293,600
2. 39 Phipps Crescent, Diamond Creek $299,000
3. 82 Guest Street, Tootgarook $308,000
4. 102 Grandview Avenue, Rye $327,500
5. 38 Station Avenue, St Albans $328,000
TOP 5 APARTMENTS
1. 19A Lawson Street, Hampton $1,635,000
2. 1-4/2 Maysbury Avenue, Elsternwick $1,440,000
3. 2A Lilac Crescent, Brighton East $1,305,000
4. 9 Sylvia Crescent, Black Rock $1,230,000
5. 40B Alvie Road, Mount Waverley $1,100,000
TOP 5 BARGAIN APARTMENTS
1. 18/697 Barkly Street, West Footscray $171,000
2. 2/18 Currajong Street, Thomastown $230,000
3. 12/7 Truganini Road, Carnegie $278,500
4. 4/37 Pecks Road, Sydenham $305,000
5. 526A Albion Street, Brunswick West $315,000
Source: http://www.reiv.com.au/Property-Research
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