Melbourne Property Sales Results
for Saturday 14th and Sunday 15th February 2015
A clearance rate of 74 per cent was recorded this weekend compared to 65 per cent last weekend and 70 per cent this weekend last year.
There were 458 auctions reported to the REIV this weekend, with 338 selling and 120 being passed in, 61 of those on a vendor bid.
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As of December quarter 2014, there are over 59 suburbs with median prices over $1million dollars in Melbourne. Three suburbs - Richmond, Northcote and Strathmore - have joined the million dollar median list for the first time ever. In 2014, auctions accounted for 60 per cent of all sales within these suburbs.
Enzo Raimondo
CEO REIV
Free Download: 8 Tips for Auction Day
S Sold at Auction: 265
SB Sold before Auction: 73
SA Sold after Auction: 0
Passed in: 120
Passed in on vendor's bid: 61
Clearance rate: 74%
TOTAL AUCTIONS
This week: 458
Yesterday: 12
Last Sunday: 11
This weekend last month: N/A
This weekend last year: 718
CLEARANCE RATES:
Weekend: 74%
Yesterday: 83%
Last Sunday: 91%
This weekend last month: N/A
This weekend last year: 70%
Postponed: 13
Withdrawn: 9
Auctions with no result: 80
PS Private Sales: 358
Total Volume (Auctions): $248.5mil
Total Volume (Private Sales): $188.44mil
Total Auctions Houses: 280
Clearance Rate: 80%
Median Price: $775,000
Total Value: $186,674,900
Total Auctions Flats/Apartments: 166
Clearance Rate: 63%
Median Price: $545,000
Total Value: $59,641,780
Total Auctions Vacant Land: 8
Clearance Rate: 62%
Median Price: $160,000
Total Value: $1,107,000
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TOP 5 HOUSES
1. 26 Ardmillan Road, Moonee Ponds $2,440,000
2. 5 Winmalee Road, Balwyn $2,344,000
3. 6 James Street, Surrey Hills $2,218,000
4. 38 Manning Road, Malvern East $2,115,000
5. 37&39 Bradley Street, Newport $1,850,000
TOP 5 BARGAIN HOUSES
1. 24 Marie Street, Doveton $265,000
2. 45 Middleton Drive, Woori Yallock $276,000
3. 191 Werribee Street, Werribee $285,000
4. 28 Piccolotto Drive, Melton West $315,000
5. 20 Citronelle Circuit, Brookfield $330,000
TOP 5 APARTMENTS
1. 1/721 Toorak Road, Malvern $1,620,000
2. 36A Anne Street, Mckinnon $1,231,000
3. 1/19-21 Ormond Esplanade, Elwood $1,230,000
4. 17A Dickmann Street, Richmond $1,195,000
5. 1B Hamilton Avenue, Blackburn $1,055,000
TOP 5 BARGAIN APARTMENTS
1. 2/18 Third Avenue, Dandenong North $255,000
2. 3/44 Type Street, Richmond $270,000
3. 6/62 Snell Grove, Oak Park $290,000
4. 340 Grand Boulevard, Craigieburn $310,000
5. 9/52 Caroline Street, South Yarra $310,000
Source: http://www.reiv.com.au/Property-Research
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