Sunday September 27th 2009
There was a total of 135 auctions reported this weekend. Of the 135 reported a total of 113 sold and 22 were passed in, of those 10 were passed in on a vendors bid.
The auction market picks up again next weekend with 500 homes going under the hammer next week and nearly 700 the weekend after.
TOTAL AUCTIONS
This week: 135
Last Week: 820
Last year: 30
S Sold at Auction: 80
SB Sold before Auction: 31
SA Sold after Auction: 2
Passed in: 22
Passed in on vendor’s bid: 10
Clearance rate: 84%
Postponed: 0
Withdrawn: 0
Auctions with no result: 26
PS Private Sales: 615
Total Volume (Auctions): $60.32mil
Total Volume (Private Sales): $254.78mil
Total Auctions Houses: 77
Clearance Rate: 86%
Median Price: $560,000
Total Auctions Flats/Apartments: 57
Clearance Rate: 82%
Median Price: $445,000
Total Auctions Vacant Land: 1
Clearance Rate: 0%
Median Price: $0
House Sales in Detail
TOP 5 HOUSES
1. 30 Ross Street, Toorak $1,806,000
2. 112 Carrington Road, Box Hill $1,375,000
3. 8 Lockhart Street, Camberwell $1,265,000
4. 291 Napier Street, Fitzroy $1,216,000
5. 15 Station Street, Hawthorn East $1,110,000
TOP 5 BARGAIN HOUSES
1. 16 Black Knight Way, Kurunjang $240,000
2. 14 Observation Drive, Rye $265,000
3. 12 Pyalong Crescent, Dallas $297,000
4. 94 Mountain Gate Drive, Ferntree Gully $320,500
5. 3 Johnson Bowl , Meadow Heights $330,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 2B Princes Street, Caulfield North $950,000
2. 1/95 Park Road, Cheltenham $780,000
3. 16a Milverton Street, Camberwell $731,000
4. 19-21 Marne Street, South Yarra $715,000
5. 5/53 Johnston Street, Port Melbourne $700,000
TOP 5 BARGAIN APARTMENTS
1. 2/59-61 Willaton Street, St Albans $257,000
2. 5/9 Hammond Street, Thornbury $290,500
3. 8/8 Dunoon Street, Murrumbeena $301,000
4. 1/1260 Plenty Road, Bundoora $312,000
5. 7/37 Nepean Highway, Elsternwick $330,000
Domain Property Advocates is currently running at a vacancy rate of .25%. If you would like to know how your property can be leased quickly to quality tenants and remain leased (therefore keeping your costs to a minimum), contact Melanie Dennis on 9853 5599 or 0416 218 003
