Melbourne Property Sales Results
for Saturday 18th and Sunday 19th July 2015
A clearance rate of 77 per cent was recorded this weekend compared to 74 per cent last weekend and 70 per cent this weekend last year.
There were 614 auctions reported to the REIV this weekend, with 472 selling and 142 being passed in, 65 of those on a vendor bid.
The median house price for auctions in Melbourne grew by 3.1 per cent in the June 2015 quarter to $888,000 from $861,500 in the March quarter. This is up 8.3 per cent from the same period last year, given higher clearance rates.
Enzo Raimondo
CEO REIV
Request Your Property Strategy Session Here
S Sold at Auction: 372
SB Sold before Auction: 100
SA Sold after Auction: 0
Passed in: 142
Passed in on vendor's bid: 65
Clearance rate: 77%
TOTAL AUCTIONS
This week: 614
Yesterday: 10
Last Sunday: 8
This weekend last month: 955
This weekend last year: 583
CLEARANCE RATES:
Weekend: 77%
Yesterday: 100%
Last Sunday: 50%
This weekend last month: 77%
This weekend last year: 70%
Postponed: 9
Withdrawn: 6
Auctions with no result: 111
PS Private Sales: 384
Total Volume (Auctions): $374.45mil
Total Volume (Private Sales): $216.36mil
Total Auctions Houses: 389
Clearance Rate: 82%
Median Price: $838,500
Total Value: $278,314,553
Total Auctions Flats/Apartments: 215
Clearance Rate: 70%
Median Price: $600,000
Total Value: $95,114,499
Total Auctions Vacant Land: 9
Clearance Rate: 33%
Median Price: $378,000
Total Value: $1,018,000
TOP 5 HOUSES
1. 15 Glencairn Avenue, Camberwell $3,350,000
2. 27 Laburnum Street, Brighton $3,250,000
3. 11 Livingstone Street, Ivanhoe $2,855,000
4. 8 Baily Street, Mount Waverley $2,790,000
5. 29 Fisher Parade, Ascot Vale $2,550,000
TOP 5 BARGAIN HOUSES
1. 48 Centenary Avenue, Melton $247,000
2. 1 Anita Court, Frankston $295,000
3. 16 Bootie Court, Roxburgh Park $330,000
4. 33 Heatherhill Road, Frankston $345,500
5. 47 Ash Street, Doveton $350,000
TOP 5 APARTMENTS
1. Lot 1/14 Victoria Crescent, Mont Albert $2,165,000
2. 6.1/193 Domain Road, South Yarra $1,750,000
3. 2/31 Kennealy Street, Surrey Hills $1,210,000
4. 17 Sandford Street, Highett $1,160,000
5. 61A Woornack Road, Carnegie $1,150,000
TOP 5 BARGAIN APARTMENTS
1. 45/92 Grey Street, St Kilda $180,000
2. 19/181 Geelong Road, Seddon $218,500
3. 12/6 Garnet Street, Brunswick $225,000
4. 24/15 Acland Street, St Kilda $230,000
5. 7/352 Koornang Road, Carnegie $275,000
Source: http://www.reiv.com.au/property-research
Free Download: 8 tips for Auction Day