An early spring came to this weekend’s auction market with the increased supply of properties being matched by more buyers, keeping the clearance rate at 85%. This provides a clear sign that homes will continue to sell very well as we move into the peak spring selling period.
S Sold at Auction: 461
SB Sold before Auction: 102
SA Sold after Auction: 11
Passed in: 103
Passed in on vendor’s bid: 65
Clearance rate: 85%
TOTAL AUCTIONS
This week: 677
Last week: 621
Last year: 553
PS Private Sales: 708
Total Volume (Auctions): $387.73mil
Total Volume (Private Sales): $256.3mil
Total Auctions Houses: 468
Clearance Rate: 86%
Median Price: $625,000
Total Auctions Flats/Apartments: 203
Clearance Rate: 82%
Median Price: $415,500
Total Auctions Vacant Land: 6
Clearance Rate: 67%
Median Price: $205,000
Highest Private Sale Price
Mitford St, ELWOOD $1,700,000
Lowest Private Sale Price
Kirkton Dr, MELTON $79,000
House Sales in Detail
TOP 5 HOUSES
Kooyong Rd, TOORAK $3,920,000
Irving Rd, TOORAK $2,670,000
Rochester St, KEW $2,520,000
Bowley Av, BALWYN $2,490,000
Mills St, ALBERT PARK $2,400,000
TOP 5 BARGAIN HOUSES
Nigra St, DOVETON $186,500
Pineneedle Ct, ALBANVALE $190,000
Oberon Av, ST ALBANS $216,000
Benjamin St, SUNSHINE $231,500
Hamilton Dr, CRANBOURNE NORTH $235,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Leonard St, BALWYN $1,465,000
Arkaringa Cr, BLACK ROCK $1,460,000
Joyce St, ELWOOD $1,460,000
Wellington St, KEW $1,230,000
Eva St, MALVERN $1,200,000
TOP 5 BARGAIN APARTMENTS
Alamein St, NOBLE PARK $122,000
Kingsville St, KINGSVILLE $138,000
Cyrene St, NOBLE PARK $172,000
Rupert St, FOOTSCRAY WEST $172,000
Sharps Rd, TULLAMARINE $175,000
Information provided by the Real Estate Institute of Victoria
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