Melbourne Property Sales Results
for January 2016
A clearance rate of 74 per cent was recorded between 21 December 2015 and 31 January 2016. There were 210 auctions reported to the REIV, with 156 selling and 54 being passed in, 21 of those on a vendor bid.
Due to this being our first week of publication for 2016, this week’s results include sales from 21 December 2015 through to today.
The demand for affordable housing drove strong growth in Melbourne’s outer suburbs in the December 2015 Quarter, with median prices up more than 10 per cent in Greenvale, Frankston South, Parkdale, Warrandyte and Werribee.
ENZO RAIMONDO
CEO REIV
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S Sold at Auction: 128
SB Sold before Auction: 25
SA Sold after Auction: 3
Passed in: 54
Passed in on vendor's bid: 21
Clearance rate: 74%
TOTAL AUCTIONS
This week: 210
CLEARANCE RATES
Clearance rate: 74%
Postponed: 4
Withdrawn: 6
Auctions with no result: 40
PS Private Sales: 1255
Total Volume (Auctions): $89.21mil
Total Volume (Private Sales): $664.69mil
Total Auctions Houses: 154
Clearance Rate: 77%
Median Price: $570,500
Total Value: $73,503,750
Total Auctions Flats/Apartments: 31
Clearance Rate: 58%
Median Price: $470,000
Total Value: $8,387,000
Total Auctions Vacant Land: 22
Clearance Rate: 77%
Median Price: $362,000
Total Value: $6,544,500
House Sales in Detail
TOP 5 HOUSES
1. 55 Duffy Street, Portsea $1,855,000
2. 25 Wallace Road, Burwood $1,595,000
3. 28-30 Darling Road, Sorrento $1,551,000
4. 2 Mountain Avenue, Frankston South $1,300,000
5. 8 Phillipdale Court, Ferntree Gully $1,255,000
TOP 5 BARGAIN HOUSES
1. 2/23 Leveque Loop, Craigieburn $280,000
2. 4/771-773 Point Nepean Road, Rosebud $320,000
3. 123 Rosebud Parade, Rosebud $325,000
4. 22 Edgar Street, Werribee $325,500
5. 4 Martha Court, Craigieburn $326,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 92/189 Beaconsfield Parade, Middle Park $875,000
2. 8/11 Sharpley Avenue, Safety Beach $815,000
3. 2/21 Marshall Road, Box Hill North $782,500
4. 1/65 Carlisle Crescent, Hughesdale $720,000
5. 3/192A Booran Road, Glen Huntly $705,000
TOP 5 BARGAIN APARTMENTS
1. 23/231 Dandenong Road, Prahran $225,000
2. 2/8 Clarke Street, Thomastown $310,000
3. 20 Durack Circuit, Taylors Hill $320,000
4. 2/12 Metropolitan Avenue, Craigieburn $322,000
5. 1/15 Paterson Road, Springvale South $410,000
Source: REIV
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