Sunday 5th July 2009
For eight consecutive weekends, the clearance rate for residential auctions in Melbourne has exceeded 80 per cent, highlighting a healthy and consistent level of demand and confidence amongst buyers.
The clearance rate reached 82 per cent from the 292 auctions reported today. There were 240 homes sold and 52 passed in, 26 of those passed in on a vendor bid.
The REIV is expecting just under 300 auctions again next weekend.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 292
Last weekend: 451
This weekend last year: 397
S Sold at Auction: 189
SB Sold before Auction: 50
SA Sold after Auction: 1
Passed in: 52
Passed in on vendor’s bid: 26
Clearance rate: 82%
Postponed: 2
Withdrawn: 0
Auctions with no result: 12
Total Volume (Private Sales): $353.07mil
Clearance Rate: 81%
Median Price: $590,000
Clearance Rate: 84%
Median Price: $450,000
Clearance Rate: 85%
Median Price: $331,000
1. 2A Shandford Avenue, Brighton $3,150,000
2. 86 Empress Road, Surrey Hills $2,090,000
3. 1588 High Street, Glen Iris $1,817,000
4. 22 Beacon Vista , Port Melbourne $1,525,000
5. 11 Oak Grove, Malvern East $1,423,000
1. 4 Jolley Rise, Melton West $205,000
2. 48 Broadmeadows Road, Tullamarine $252,000
3. 6 Andlon Court, Tullamarine $315,000
4. 82 Railway Parade South, Deer Park $322,000
5. 2 Chisholm Close, Gladstone Park $327,000
1. 7 Moffat Street, South Yarra $1,750,000
2. 1/324 Glenferrie Road, Malvern $1,100,000
3. 2/9 Willow Grove, Canterbury $1,020,000
4. 26B Dega Avenue, Bentleigh East $843,500
5. 3/97 Earl Street, Kew $815,000
1. 1/30 Bowmore Road, Noble Park $122,000
2. 7/6 Bruce Street, Laverton $160,000
3. 11/3 Gordon Street, Footscray $193,000
4. 8/110 Rupert Street, Footscray West $207,500
5. 3/108 Rupert Street, Footscray West $220,000
If interested in learning more about this update please contact me today!
Tags: cent, clearance rate, Footscray, glen iris, Houses, malvern east, port melbourne, railway parade, Vendor, Volume
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