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The Property Advocate

Auction & Private Sales results 15th to 21st October

Monday, October 22nd, 2007

 

This weekend’s strong market sets the scene for next weekend with an expected record 1,300 auctions.While competition for property of all types resulted in 82 per cent being sold, this will leave many buyers still in the market for a home.  With over 800 auctions today – a total of $1869.97mil worth of property sold.  Outstanding results for many vendors and buyers.S Sold at Auction: 568
SB Sold before Auction: 155
SA Sold after Auction: 17
Passed in: 159
Passed in on vendor’s bid: 94

Clearance rate: 82%

TOTAL AUCTIONSThis week: 899
Last week: 803
Last year: 582
PS Private Sales: 670Total Volume (Auctions): $1869.97mil
Total Volume (Private Sales): $272.5mil
Total Auctions Houses: 605
Clearance Rate: 81%
Median Price: $603,000

Total Auctions Flats/Apartments: 265
Clearance Rate: 86%
Median Price: $439,500

Total Auctions Vacant Land: 29
Clearance Rate: 72%
Median Price: $360,000

Highest Private Sale Price
Marathon Dr, MOUNT ELIZA $3,800,000

Lowest Private Sale Price
Christina Cr, MELTON $82,000

House Sales in Detail
TOP 5 HOUSES
Nareeb Ct, TOORAK $4,000,000
Swallow St, PORT MELBOURNE $2,812,500
Scotchmans Rd, DRYSDALE $2,607,000
Kooyong Rd, TOORAK $2,550,000
Lucas St, BRIGHTON EAST $2,450,000

TOP 5 BARGAIN HOUSES
Heath Pl, MEADOW HEIGHTS $218,500
Blair St, BROADMEADOWS $220,000
Camelot Dr, ALBANVALE $225,000
Columbia Rd, LALOR $239,500
Lindsey St, ST ALBANS $242,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Beach Rd, HAMPTON $2,285,000
Ross St, TOORAK $2,250,000
Gladstone Pde, ELSTERNWICK $1,655,000
Marden St, CANTERBURY $1,575,000
Gore St, FITZROY $1,535,000

TOP 5 BARGAIN APARTMENTS

Jones Rd, DANDENONG $155,000
Prince Andrew Av, LALOR $180,000
McCulloch St, ESSENDON NORTH $185,000
Bruce St, PRESTON $219,000
Frawley Rd, HALLAM $220,000

Information provided by the Real Estate Institute of Victoria


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