Sunday 8 August 2009
The clearance rate this weekend was again in excess of 80 per cent, bringing the year to date clearance rate to 80 per cent compared with 66 per cent this time last year and 84 per cent in the boom of 2007. It is worth noting that over the year the number of auctions held is down by 33 per cent compared to 2007.
This weekend there were 430 auctions reported of which 366 sold resulting a clearance rate of 85 per cent. There were 64 homes passed in of which 39 were passed in on a vendors bid.
We are expecting just over 500 auctions next weekend.
TOTAL AUCTIONS
This week: 430
Last weekend: 374
This time last year: 407
S Sold at Auction: 291
SB Sold before Auction: 72
SA Sold after Auction: 3
Passed in: 64
Passed in on vendor’s bid: 39
Clearance rate: 84%
Postponed:0
Withdrawn: 0
Auctions with no result: 20
PS Private Sales: 733
Total Volume (Private Sales): $312.89mil
Clearance Rate: 85%
Median Price: $625,000
Clearance Rate: 85%
Median Price: $491,000
Clearance Rate: 88%
Median Price: $245,000
TOP 5 HOUSES
1. 10 Mountain Grove, Kew $2,750,000
2. 15 Glen Drive, Eaglemont $2,350,000
3. 53 Erin Street, Richmond $2,155,000
4. 63 New Street, Brighton $2,110,000
5. 14 Hyton Crescent, Kew $2,080,000
1. 181 Sixth Avenue, Rosebud $246,000
2. 56 Tristania Street, Doveton $258,000
3. 5 Curlew Place, Werribee $261,000
4. 11 Herbert Avenue, Hoppers Crossing $270,500
5. 18 Taplan Crescent, Cranbourne West $287,000
TOP 5 APARTMENTS
1. 15/18 Lansell Road, Toorak $951,000
2. 76/55 Victoria Harbour Promenade, Docklands $910,000
3. 149 Brougham Street, Kew $825,000
4. 4/118 Brighton Street, Richmond $805,000
5. 1/58 Hill Street, Bentleigh East $750,000
1. 12/158 Napier Street, Essendon $236,000
2. 2/77 Hemmings Street, Dandenong $262,500
3. 8/54 Kneen Street, Fitzroy North $311,000
4. 1/20 Freeman Street, Ringwood East $311,250
5. 9/97-99 Epsom Road, Ascot Vale $328,000
