Melbourne Property Sales Results
for Saturday 13th and Sunday 14th December 2014
A clearance rate of 70 per cent was recorded this weekend compared to 66 per cent last weekend and 68 per cent this weekend last year.
There were 1266 auctions reported to the REIV this weekend, with 881 selling and 385 being passed in, 192 of those on a vendor bid.
The inner Melbourne region has had the highest clearance rate so far this year, at 73 per cent.
The top auction suburbs so far this year are Reservoir, Richmond, South Yarra and St Kilda - with over 450 auctions held in each.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 694
SB Sold before Auction: 187
SA Sold after Auction: 0
Passed in: 385
Passed in on vendor's bid: 192
Clearance rate: 70%
TOTAL AUCTIONS
This week: 1266
Yesterday: 21
Last Sunday: 45
This weekend last month: 1143
This weekend last year: 1517
CLEARANCE RATES:
Weekend: 70%
Yesterday: 76%
Last Sunday: 69%
This weekend last month: 64%
This weekend last year: 68%
Postponed: 18
Withdrawn: 25
Auctions with no result: 281
PS Private Sales: 486
Total Volume (Auctions): $702.25mil
Total Volume (Private Sales): $269.28mil
Total Auctions Houses: 824
Clearance Rate: 72%
Median Price: $795,000
Total Value: $515,768,191
Total Auctions Flats/Apartments: 421
Clearance Rate: 66%
Median Price: $582,250
Total Value: $165,798,250
Total Auctions Vacant Land: 19
Clearance Rate: 42%
Median Price: $930,000
Total Value: $19,173,000
Free Download: 8 Tips for Auction Day
TOP 5 HOUSES
1. 133 Canterbury Road, Middle Park $3,740,000
2. 378 Beach Road, Beaumaris $3,700,000
3. 80 Kooyongkoot Road, Hawthorn $3,085,000
4. 3 Mclachlan Street, Northcote $2,782,000
5. 352 Montague Street, Albert Park $2,710,000
TOP 5 BARGAIN HOUSES
1. 166A Widford Street, Broadmeadows $242,500
2. 5 Redpath Close, Epping $295,000
3. 25 Newgrove Road, Healesville $300,000
4. 63 Peppercorn Parade, Epping $315,000
5. 66 Rokeby Crescent, Craigieburn $317,500
TOP 5 APARTMENTS
1. 24 Abinger Street, Richmond $2,511,000
2. Penthouse/212A Kooyong Road, Toorak $2,160,000
3. 1-4/424 Gaffney Street, Pascoe Vale $1,480,000
4. 3/5 Moorakyne Avenue, Malvern $1,470,000
5. 3 Princes Place, Port Melbourne $1,450,000
TOP 5 BARGAIN APARTMENTS
1. 111/44 Barkly Street, St Kilda $185,000
2. 9/150 Brunswick Road, Brunswick $227,500
3. 4/28 Hopetoun Street, Moonee Ponds $232,000
4. 8/149 Melrose Drive, Tullamarine $235,000
5. 10/23 Robe Street, St Kilda $271,000
Source: http://www.reiv.com.au/property-research
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