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The Property Advocate

Auction & Private Sales results for week ending 23rd September

Wednesday, September 26th, 2007

 

This weekend 936 auctions were reported, with a clearance rate of 82%.We expect to see around 70 auctions over Grand Final weekend, half of which are scheduled for Sunday.

This mirrors the last weekend in March, which saw 984 auctions and a clearance rate of 81% before the Easter holiday break.

S Sold at Auction: 582
SB Sold before Auction: 168
SA Sold after Auction: 14

Passed in: 172
Passed in on vendor’s bid: 107

Clearance rate: 82%

TOTAL AUCTIONSThis week: 936
Last week: 765
Last year: 545
PS Private Sales: 759

Total Volume (Auctions): $502.74mil
Total Volume (Private Sales): $294.44mil

Total Auctions Houses: 614
Clearance Rate: 82%
Median Price: $610,000

Total Auctions Flats/Apartments: 298
Clearance Rate: 83%
Median Price: $445,000

Total Auctions Vacant Land: 23
Clearance Rate: 65%
Median Price: $190,000

Highest Private Sale Price
Orrong Cr, CAULFIELD NORTH $1,850,000

Lowest Private Sale Price
Black Knight Way, MELTON $80,000

House Sales in Detail
TOP 5 HOUSES
Yarradale Rd, TOORAK $3,340,000
Airlie St, SOUTH YARRA $3,010,000
Dunraven Av, TOORAK $2,820,000
Currajong Av, CAMBERWELL $2,655,000
Moonga Rd, TOORAK $2,640,000

TOP 5 BARGAIN HOUSES
Old Calder Hwy, DIGGERS REST $188,500
Cannons Creek Rd, CANNONS CREEK $195,500
Graham St, BROADMEADOWS $201,250
Maitland Pl, CAROLINE SPRINGS $212,000
Opie Rd, ALBANVALE $220,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Martin Ct, TOORAK $1,501,000
Malvern Rd, ARMADALE $1,440,000
New St, BRIGHTON $1,400,000
Birkenhead St, FITZROY NORTH $1,122,000
Montrose Pl, HAWTHORN EAST $1,065,000

TOP 5 BARGAIN APARTMENTS

Austral Av, PRESTON WEST $179,000
Grimshaw St, BUNDOORA $185,000
Blandford St, FOOTSCRAY $192,000
Kemp St, THORNBURY $194,000
Glass St, ESSENDON $196,500

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Warwick Brookes Melanie Dennis David McMillan Nicki Macrae Rob Millar