Enzo Raimondo, REIV CEO, said that “the level of demand at auctions in Melbourne this weekend was in line with last weekend, reflecting consistent conditions in the wider economy”.
A clearance rate of 64% was achieved from the 581 auctions held weekend with 209 passed in, 152 of those being passed in on a vendor bid.
TOTAL AUCTIONS
This week: 581
Yesterday: 23
Last Sunday: 19
This weekend last month: 372
This weekend last year: 642
S Sold at Auction: 283
SB Sold before Auction: 80
SA Sold after Auction: 9
Passed in: 209
Passed in on vendor’s bid: 152
CLEARANCE RATES:
Weekend: 64%
Yesterday: 57%
Last Sunday: 68%
This weekend last month: 67%
This weekend last year: 87%
Postponed: 1
Withdrawn: 0
Auctions with no result: 59
PS Private Sales: 604
Total Volume (Auctions): $218.24mil
Total Volume (Private Sales): $255.12mil
Total Auctions Houses: 391
Clearance Rate: 62%
Median Price: $579,000
Total Auctions Flats/Apartments: 180
Clearance Rate: 68%
Median Price: $440,000
Total Auctions Vacant Land: 9
Clearance Rate: 89%
Median Price: $310,000
House Sales in Detail
TOP 5 HOUSES
1. 19 St Helens Road, Hawthorn East $2,500,000
2. 18 Vincent Street, Glen Iris $1,965,000
3. 81 Mont Albert Road, Canterbury $1,905,000
4. 23 Ryeburne Avenue, Hawthorn East $1,720,000
5. 54 New Street, Brighton $1,625,000
TOP 5 BARGAIN HOUSES
1. 17 Connell Drive, Melton South $150,000
2. 3 Bellbird Court, Werribee $230,000
3. 25 Cropley Crescent, Laverton $239,000
4. 46 Richardson Street, Thomastown $260,000
5. 19 Burns Avenue, St Albans $262,000Flat/Apartment Sales in Detail
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 24 The Crescent, Port Melbourne $1,100,000
2. 1/44 Winfield Road, Balwyn North $1,043,000
3. 51 Stokes Street, Port Melbourne $982,000
4. 86 Esplanade West, Port Melbourne $890,000
5. 401/217 A’Beckett Street, Melbourne $880,000
TOP 5 BARGAIN APARTMENTS
1. 619/585 La Trobe Street, Melbourne $125,000
2. 20/45 Barrabool Road, Highton $162,500
3. 25A Tulip Crescent, Boronia $206,000
4. 6/10-12 Separation Street, Fairfield $210,000
5. 10/50 Carlisle Street, St Kilda $210,000
Information provided by The Real Estate Institute of Victoria
Posted by Warwick Brookes
