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The Property Advocate

Weekly Auction and Sales results for week ending 9th September

Monday, September 10th, 2007

 

Buyers got into the swing of spring this weekend, keeping the auction clearance rate at a very healthy and high 82 per cent from 723 auctions held.  We do not expect things to slow down especially over the next couple of weeks where more than 1,600 properties are scheduled to be auctioned.S Sold at Auction: 452
SB Sold before Auction: 135
SA Sold after Auction: 9
Passed in: 127
Passed in on vendor’s bid: 83

Clearance rate: 82%

TOTAL AUCTIONSThis week: 723
Last week: 593
Last year: 542
PS Private Sales: 627

Total Volume (Auctions): $377.85mil
Total Volume (Private Sales): $226.92mil

Total Auctions Houses: 494
Clearance Rate: 83%
Median Price: $585,000

Total Auctions Flats/Apartments: 218
Clearance Rate: 83%
Median Price: $450,500

Total Auctions Vacant Land: 11
Clearance Rate: 64%
Median Price: $291,000

Highest Private Sale Price
Sandown St, BRIGHTON $4,550,000

Lowest Private Sale Price
The Embankment , MELTON $82,000

House Sales in Detail
TOP 5 HOUSES
Sutherland Rd, ARMADALE $2,750,000
Mckinley Av, MALVERN $2,060,000
Thanet St, MALVERN $1,820,000
Loch St, CAMBERWELL $1,712,000
Beach Rd, BEAUMARIS $1,660,000

TOP 5 BARGAIN HOUSES
Viewhill Rd, COCKATOO $145,000
Langley St, ARDEER $215,000
Duke St, BRAYBROOK $221,000
Lorraine Cr, JACANA $226,000
Suspension St, ARDEER $231,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Simpson St, EAST MELBOURNE $1,350,000
Ryans La, WILLIAMSTOWN $1,152,000
Canterbury Rd, ST KILDA WEST $1,020,000
Teak St, CAULFIELD SOUTH $920,000
Orrong Cr, CAULFIELD NORTH $917,000

TOP 5 BARGAIN APARTMENTS

Jasper Tce, FRANKSTON $175,500
Tullidge St, MELTON $181,000
Hopetoun St, MOONEE PONDS $185,000
Sydney St, SUNSHINE $185,000
George St, RESERVOIR $189,000

Information provided by the Real Estate Institute of Victoria


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