“Demand at auctions this weekend did not increase to any great degree compared to last weekend which is not a great surprise given the last of the major banks increased their interest rates earlier in the week. The clearance rate was 63% per cent with 306 homes sold and 177 passed in from the 483 auctions held this weekend.”
Enzo Raimondo

TOTAL AUCTIONS
This week: 483
Last weekend: 386
This time last year: 506

Passed in: 177
Passed in on vendor’s bid: 128

Clearance rate: 63%

Postponed: 0
Withdrawn: 0
Auctions with no result: 51

PS Private Sales: 574

Total Volume (Auctions): $159.44mil
Total Volume (Private Sales): $225.57mil

Total Auctions Houses: 319
Clearance Rate: 58%
Median Price: $537,250

Total Auctions Flats/Apartments: 151
Clearance Rate: 76%
Median Price: $406,000

Total Auctions Vacant Land: 13
Clearance Rate: 54%
Median Price: $815,000

House Sales in Detail
TOP 5 HOUSES
1. 850 Drummond Street, Carlton North $1,575,000
2. 11 Osborne Avenue, Bentleigh $1,460,000
3. 98 Rowell Avenue, Camberwell $1,291,000
4. 352 North Road, Brighton East $1,255,000
5. 41 Ruskin Street, Elwood $1,090,000
TOP 5 BARGAIN HOUSES
1. 13 Lubeck Court, Meadow Heights $224,000
2. 9 Stainsby Crescent, Roxburgh Park $230,000
3. 13 Dillwynia Place, Meadow Heights $240,000
4. 6 Waite Court, Sunshine West $240,000
5. 9 Basalt Court, Delahey $256,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 25/156 Beaconsfield Parade, Albert Park $1,931,500
2. 2/50 Garden Street, South Yarra $1,005,000
3. 2/72 Well Street, Brighton $950,000
4. 23A Swallow Street, Port Melbourne $880,000
5. 2/721 Hampton Street, Brighton $810,000
TOP 5 BARGAIN APARTMENTS
1. 4/61 Lawn Road, Noble Park $151,000
2. 8/48A Noble Street, Noble Park $161,000
3. 2/2A Waratah Street, Thomastown $210,000
4. 1/35 Rokewood Crescent, Meadow Heights $230,000
5. 9/24 Eldridge Street, Footscray $232,000

Information provided by The Real Estate Institute of Victoria

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.

This entry was posted on Wednesday, July 23rd, 2008 at 5:59 am and is filed under Buying Property, REIV Weekly Property Statistics, Selling Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.