“Sentiment in the property market shows no sign of change at the moment with a clearance rate of 54% being recorded from this weekend’s 736 auctions, a rate of sale in keeping with last weekend. In total there were 736 auctions this weekend, of which 398 sold and 338 were passed in, 244 of those on a vendors bid.
The next three weekends have strong listings ensuring that buyers have plenty of choice.”
TOTAL AUCTIONS
This week: 736
Last weekend: 568
This time last year: 1197
S Sold at Auction: 295
SB Sold before Auction: 98
SA Sold after Auction: 5
Passed in: 338
Passed in on vendor’s bid: 244
Clearance rate: 54%
Postponed: 1
Withdrawn: 0
Auctions with no result: 82
PS Private Sales: 587
Total Volume (Auctions): $225.13mil
Total Volume (Private Sales): $223.23mil
Total Auctions Houses: 500
Clearance Rate: 53%
Median Price: $560,000
Total Auctions Flats/Apartments: 218
Clearance Rate: 58%
Median Price: $430,000
Total Auctions Vacant Land: 17
Clearance Rate: 41%
Median Price: $295,000
House Sales in Detail
TOP 5 HOUSES
1. 7 Erskine Street, Armadale $2,685,000
2. 74 Tramway Parade, Beaumaris $1,720,000
3. 13 Isabella Grove, Hawthorn $1,675,000
4. 5 Elphin Grove, Hawthorn $1,510,000
5. 45 Tennyson Street, Elwood $1,465,000
TOP 5 BARGAIN HOUSES
1. 6 French Street, Noble Park $235,500
2. 8 Humevale Court, Meadow Heights $238,600
3. 31 Law Street, Heidelberg Heights $275,000
4. 6 Brynor Court, Preston $280,000
5. 16 Derby Drive, Epping $287,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3 Wiltshire Drive, Kew $1,120,000
2. 8/93 Oxford Street, Collingwood $1,025,000
3. 148A Finch Street, Glen Iris $825,000
4. 13 Hotham Place, North Melbourne $770,000
5. 2/42 Barkly Street, Fitzroy North $765,000
TOP 5 BARGAIN APARTMENTS
1. 4/29 Schutt Street, Newport $210,000
2. 2/85 Cuthbert Street, Broadmeadows $220,000
3. 1/72 Buckley Street, Noble Park $225,000
4. 5/20 Kemp Street, Thornbury $227,750
5. 14 Plaza Lane, Frankston $233,000
If interested in learning more about this update please contact me today!
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