Seven out of ten agents this weekend thought that demand for homes at auctions was consistent with or better than results this year. This consistency was reflected in the fact that even on the busiest auction weekend on record the clearance rate remains solid at 67 per cent.
S Sold at Auction: 670
SB Sold before Auction: 200
SA Sold after Auction: 21
Passed in: 445
Passed in on vendor’s bid: 313
Clearance rate: 67%
Total Auctions
This week: 1336
Last weekend: 421
This weekend last year: 615
PS Private Sales: 583
Total Volume (Auctions): $592.6mil
Total Volume (Private Sales): $241.07mil
Total Auctions Houses: 869
Clearance Rate: 66%
Median Price: $650,000
Total Auctions Flats/Apartments: 426
Clearance Rate: 68%
Median Price: $437,750
Total Auctions Vacant Land: 41
Clearance Rate: 68%
Median Price: $318,750
House Sales in Detail
5 most expensive houses
Burnie Street, Toorak $3,935,000
Merrion Grove, Kew $3,750,000
Crowther Place, Brighton $2,957,770
Tahara Road, Toorak $2,805,000
Chatham Road, Canterbury $2,705,000
Top 5 bargain houses
Morwell Crescent, Broadmeadows $190,000
Waterford Avenue, Craigieburn $227,000
Ramu Parade, Heidelberg West $240,000
Yeats Drive, Delahey $240,000
Dallas Drive, Broadmeadows $241,000
Unit/Apartment Sales in Detail
5 most expensive units/apartments
New Street, Brighton $2,100,000
Meredith Street, Malvern $1,862,500
Asling Street, Brighton $1,550,000
Mount Street, Kew $1,215,000
Normanby Street, Brighton $1,050,000
Top 5 bargain units/apartments
Burnewang Street, Sunshine $137,000
Flinders Street, Melbourne $151,000
Cooper Street, Sunshine $158,000
Rupert Street, Footscray West $175,000
Maribyrnong Road, Ascot Vale $206,000
Data provided by The Real Estate Institute of Victoria (REIV)
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