Sunday 12 July 2009
The residential market continues to benefit from the maintenance of low interest rates, a factor that increases the affordability of property. This has clearly helped to stimulate demand over the past few weeks and is one of the foundations that the spring selling season will be built on.
There were 292 auctions reported this weekend, with 247 selling, resulting in a clearance rate of 85 per cent, the ninth consecutive weekend with a clearance rate in excess of 80 per cent.
Of the 292 auctions reported, 45 were passed in, 24 of those passed in on a vendor bid.
Auction numbers will increase to around 400 for each of the next three weekends.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 292
Last weekend: 292
This weekend last year: 386
S Sold at Auction: 191
SB Sold before Auction: 53
SA Sold after Auction: 3
Passed in: 45
Passed in on vendor’s bid: 24
Clearance rate: 85%
Postponed: 1
Withdrawn: 0
Auctions with no result: 17
Total Volume (Private Sales): $323.8mil
Clearance Rate: 84%
Median Price: $567,750
Clearance Rate: 86%
Median Price: $457,250
Clearance Rate: 75%
Median Price: $330,050
1. 180 & 182 Esplanade , Brighton $4,105,000
2. 43 Victoria Street, Sandringham $3,350,000
3. 163 Beach Road, Sandringham $1,800,000
4. 52 Stanley Street, Black Rock $1,440,000
5. 1B Lucas Street, Brighton East $1,250,000
1. 51 Wendover Avenue, Norlane $218,000
2. 116 Bladin Street, Laverton $260,000
3. 20 Warmington Road, Sunshine West $261,000
4. 35 Winslow Crescent, Deer Park $261,500
5. 18 Milton Street, Footscray West $281,000
1. 5/2 Carlton Street, Carlton $1,055,000
2. 1A Nirvana Avenue, Malvern East $1,045,000
3. 1/202 Kooyong Road, Caulfield North $846,000
4. 3 Keen Street, Glen Iris $740,000
5. 11/8-20 Glass Street, Richmond $720,000
1. 16/4 Wando Grove, St Kilda East $187,500
2. 4/99 Melbourne Road, Williamstown $232,000
3. 28C Ashley Street, Footscray West $252,500
4. 28D Ashley Street, Footscray West $252,500
5. 2/17 Kantiki Drive, Epping $254,000
