Sunday 18th October 2009
This fortnight before the Melbourne Cup has the most auctions
scheduled this year and results from today show that demand remains
consistent with the performance in the last few months. The REIV
expects that whilst they will not welcome increases in interest rates,
most buyers will have priced into their budget.
There were 621 auctions reported this weekend of which 498 sold resulting in
a clearance rate of 80 per cent. A total of 124 homes were passed in,
of which 75 were passed in on a vendors bid.
Next weekend there are just over 1000 auctions scheduled which may
shift the balance in favour of buyers for the first time in the last
few months.
TOTAL AUCTIONS
This Week: 621
Last Week: 598
Last Year: 578
S Sold at Auction: 498
SB Sold before Auction: 100
SA Sold after Auction: 3
Passed in: 124
Passed in on vendor’s bid: 75
Clearance rate: 80%
Postponed:2
Withdrawn: 2
Auctions with no result: 42
PS Private Sales: 734
Total Volume (Auctions): $390.97mil
Total Volume (Private Sales): $313.3mil
Total Auctions Houses: 443
Clearance Rate: 80%
Median Price: $697,000
Total Auctions Flats/Apartments: 166Clearance Rate: 79%
Median Price: $505,000
Total Auctions Vacant Land: 17
Clearance Rate: 71%
Median Price: $370,000
House Sales in Detail
TOP 5 HOUSES
1. 17 Deepdene Road, Balwyn $3,806,000
2. 10 Kerferd Street, Malvern East $2,315,000
3. 13 Avenue Athol , Canterbury $2,280,000
4. 1 Para Street, Balwyn $2,220,000
5. 7 Cluden Street, Brighton East $2,200,000
TOP 5 BARGAIN HOUSES
1. 40 John Street, Tootgarook $275,000
2. 25 Waratah Street, Campbellfield $306,000
3. 126 Craigieburn Road, Craigieburn $310,000
4. 12 Leavesdon Avenue, Kealba $310,000
5. 82 Geach Street, Dallas $311,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 7 Oxford Street, South Yarra $2,125,000
2. 502/279 Wellington Parade South, East Melbourne $1,775,000
3. 11 Clifton Street, Richmond $1,685,000
4. 1A Glenview Avenue, Malvern $1,680,000
5. 111E/85 Rouse Street, Port Melbourne $1,500,500
TOP 5 BARGAIN APARTMENTS
1. 2/657 Barkly Street, Footscray West $185,000
2. 14A Brunnings Road, Carrum Downs $255,000
3. 7/23-25 Olive Grove, Mentone $255,000
4. 1/11 Sydney Street, Murrumbeena $270,000
5. 1/34 Yarraman Road, Noble Park $272,000
