This weekend 63 per cent of homes offered at auction were sold, which is consistent with results in the last seven months. This trend is unlikely to change substantially until interest rates actually fall. There were 495 auctions this weekend, of which 311 sold and 184 were passed in. 125 were passed in on a vendor bid.
TOTAL AUCTIONS
This week: 495
Last weekend: 465
This time last year: 692
SB Sold before Auction: 70
SA Sold after Auction: 6
Passed in: 184
Passed in on vendor’s bid: 125
Clearance rate: 63%
Postponed: 0
Withdrawn: 1
Auctions with no result: 49
Total Volume (Auctions): $195.76mil
Total Volume (Private Sales): $200.26mil
Total Auctions Houses: 333
Clearance Rate: 61%
Median Price: $587,000
Total Auctions Flats/Apartments: 151
Clearance Rate: 67%
Median Price: $435,000
Total Auctions Vacant Land: 11
Clearance Rate: 64%
Median Price: $270,000
House Sales in Detail
TOP 5 HOUSES
1. 89 Powlett Street, East Melbourne $3,075,000
2. 25 Devon Street, Eaglemont $2,430,000
3. 19 & 19A Fermanagh Road, Camberwell $1,700,000
4. 4 Pullman Court, St Kilda East $1,550,000
5. 16 Alleyne Avenue, Armadale $1,452,500
TOP 5 BARGAIN HOUSES
1. 145 Heatherhill Road, Frankston $242,500
2. 6 Cliff Street, Laverton $245,000
3. 51 Phillip Drive, Sunbury $260,000
4. 16 Gattinara Drive, Frankston $267,500
5. 27 Curran Way, Tootgarook $280,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3/31 Lansell Road, Toorak $1,660,000
2. 1-4/81 Hotham Street, St Kilda East $1,450,000
3. 1A Hastings Street, Hampton $1,020,000
4. 2/19 Bringa Avenue, Camberwell $1,001,000
5. 1B St Andries Street, Camberwell $995,000
TOP 5 BARGAIN APARTMENTS
1. 19/247 Heidelberg Road, Northcote $185,000
2. 9/36-38 Murray Street, Brunswick West $200,000
3. 5/25 Ashley Street, Reservoir $200,000
4. 6/35 Rokewood Crescent, Meadow Heights $203,000
5. 8/18A Bloomfield Road, Ascot Vale $211,000
Information Provided by The Real Estate Institute of Victoria
