Sunday September 20th 2009
This weekend had the highest number of auctions scheduled since 25th October 2008 when 942 homes were offered at auction and 53 per cent sold. The clearance rate this weekend was 82 per cent, which clearly represented a substantial improvement on last year and was even an increase on the year to date clearance rate of 81 per cent.
The Melbourne auction market has now recorded 19 weekends in a row with a clearance rate above 80 per cent and is matching the 2008 market performance since July.
There were 821 auctions reported this weekend, of which 528 were sold, 147 sold before and 144 passed in. Of the auctions passed in 82 were passed in on a vendors bid.
Next weekend the number of auctions drops due to the AFL Grand Final.
TOTAL AUCTIONS
This week: 821
Last Week: 708
Last year: 647
S Sold at Auction: 528
SB Sold before Auction: 147
SA Sold after Auction: 2
Passed in: 144
Passed in on vendor’s bid: 82
Clearance rate: 82%
Postponed: 1
Withdrawn: 1
Auctions with no result: 36
PS Private Sales: 691
Total Volume (Auctions): $471.72mil
Total Volume (Private Sales): $287.99mil
Total Auctions Houses: 519
Clearance Rate: 81%
Median Price: $654,000
Total Auctions Flats/Apartments: 291
Clearance Rate: 85%
Median Price: $465,000
Total Auctions Vacant Land: 11
Clearance Rate: 82%
Median Price: $560,000
House Sales in Detail
TOP 5 HOUSES
1. 64 Canterbury Road, Middle Park $2,810,000
2. 299-305 New Street, Brighton $2,810,000
3. 49 Chrystobel Crescent, Hawthorn $2,720,000
4. 3 Dalkeith Court, Doncaster East $2,550,000
5. 20 Bevan Street, Balwyn $2,400,000
TOP 5 BARGAIN HOUSES
1. 2 Lorimer Street, Melton $185,000
2. 14 Imre Court, Baxter $250,000
3. 11 Grace Court, Frankston $253,000
4. 7 Silverleaf Drive, Melton $262,000
5. 6 Gabbo Court, Sunbury $267,500
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 5/50 Marne Street, South Yarra $1,900,000
2. 5/4 Maple Grove, Toorak $1,800,000
3. 142/8-10 The Esplanade , St Kilda $1,700,000
4. 134 Male Street, Brighton $1,570,000
5. 2A Duncan Street, Sandringham $1,352,000
TOP 5 BARGAIN APARTMENTS
1. 4/437 Ballarat Road, Sunshine $171,000
2. 5/43-45 Church Street, Footscray West $198,000
3. 4/6 Newman Avenue, Carnegie $265,000
4. 5/490 Main Street, Mordialloc $265,000
5. 3/490 Main Street, Mordialloc $265,000
The service Domain Property Advocates provides for both their Landlords and Tenants has been recognised with an award for the Victorian and Australian Property Manager of the Year. If you feel you are not getting the service you, your property and your tenants deserve, call the team at Domain Property Advocates. Melanie Dennis is the Director in charge of the Property Management Department and can be contacted by calling 9853 5599 or directly on 0416 218 003.
If interested in learning more about this update please contact me today!
Tags: apartment sales, Auction, canterbury road, cent, clearance rate, doncaster east, Houses, melbourne auction, number, Week
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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. |  |
