Despite the latest interest rate increase 67 per cent of homes sold at auction today, a result which is consistent with results over the last month. The most significant test this year will come next week with a record 1400 homes listed for auction.
S Sold at Auction: 181
SB Sold before Auction: 70
SA Sold after Auction: 10
Passed in: 130
Passed in on vendor’s bid: 96
Clearance rate: 67%
Total Auctions
This week: 391
Last weekend: 956
This time last year: 194
PS Private Sales: 559
Total Volume (Auctions): $156.28mil
Total Volume (Private Sales): $216.06mil
Total Auctions Houses: 257
Clearance Rate: 68%
Median Price: $560,000
Total Auctions Flats/Apartments: 124
Clearance Rate: 64%
Median Price: $400,000
Total Auctions Vacant Land: 10
Clearance Rate: 60%
Median Price: $717,500
House Sales in Detail
5 most expensive houses
Canterbury Road, Middle Park $2,450,000
Point Nepean Road, Sorrento $2,000,000
Hedderwick Street, Essendon $1,668,000
Union Street, Armadale $1,570,000
Bayview Street, Williamstown $1,450,000
Top 5 bargain houses
Rees Road, Melton South $145,000
Corella Avenue, Melton $160,000
Moyston Grove, Corio $191,000
Elizabeth Drive, Sunbury $225,000
Haywood Grove, Melton West $255,000
Data provided by The Real Estate Institute of Victoria
If interested in learning more about this update please contact me today!
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