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Withdrawn: 0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
If interested in learning more about this update please contact me today!
 |
As Domain Property Advocates continues to grow I will continue to provide superior service to those choosing to use property as their investment. It is an important choice of who to choose as the one responsible to look after your property. You can be sure that Domain Property Advocates will always strive to be the best. |  |
