Aution results this weekend showed yet again why 2007 has been a sellers’ market, with 79 per cent of properties auctioned selling. With the number of auctions held this weekend close to the record over the past five years this represents a strong result.
S Sold at Auction: 717
SB Sold before Auction: 203
SA Sold after Auction: 17
Passed in: 256
Passed in on vendor’s bid: 172
Clearance rate: 79%
TOTAL AUCTIONS
This week: 1193
Last week: 997
Last year: 822
PS Private Sales: 758
Total Volume (Auctions): $615.63mil
Total Volume (Private Sales): $303.58mil
Total Auctions Houses: 748
Clearance Rate: 77%
Median Price: $620,000
Total Auctions Flats/Apartments: 418
Clearance Rate: 82%
Median Price: $432,000
Total Auctions Vacant Land: 27
Clearance Rate: 81%
Median Price: $500,000
Highest Private Sale Price
Beach Rd, BEAUMARIS $3,810,000
Lowest Private Sale Price
Statesman Dr, KURUNJANG $78,000
House Sales in Detail
TOP 5 HOUSES
Greenslade Ct, MOUNT MARTHA $4,300,000
Cascade St, BALWYN NORTH $3,825,000
Seymour Gr, BRIGHTON $2,920,000
The Ridge, CANTERBURY $2,771,000
Newbay Cr, BRIGHTON $2,396,000
TOP 5 BARGAIN HOUSES
Rotella Av, CORIO $142,500
Heath Pl, MEADOW HEIGHTS $195,000
Kitchener St, BROADMEADOWS $200,000
Melia St, DOVETON $201,000
Lindsay St, FRANKSTON NORTH $202,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Tyrone St, SOUTH YARRA $2,560,000
Buckley St, ESSENDON $1,730,000
Kooyong Rd, TOORAK $1,575,000
Pentridge Village, COBURG $1,380,000
Toorak Rd, TOORAK $1,360,000
TOP 5 BARGAIN APARTMENTS
Kingsville St, KINGSVILLE $142,000
Chris Ct, OAK PARK $163,450
Cumberland Rd, PASCOE VALE SOUTH $195,000
Clarendon Pde, FOOTSCRAY WEST $200,000
Princes St, FLEMINGTON $205,000
Information provided by The Real Estate Institute of Victoria
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