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REIV Weekly Property Statistics

Weekly Auction & Sales Results, Market Overview

Tuesday, February 1st, 2011

Weekly Auction & Sales Results, Market Overview

Saturday 29th & Sunday 30th January 2011

This is the first weekend with a reasonable volume of auctions this year. It is important to note that it is too early to compare the market last year.

Since the 20th December 2010 (the last report) there have been 126 auctions reported with a clearance rate of 55 per cent achieved. This weekend it is 52 per cent. This compares with the 82 per cent recorded this weekend last year from 80 auctions.

Of the 126 auctions reported a total of 69 sold and 57 were passed in, 30 of those on a vendors bid.

The REIV is expecting 180 auctions next weekend with 390 the weekend after then 700 on the weekend of the 19th and 20th of February.

Enzo Raimondo

CEO REIV

TOTAL AUCTIONS

Since 20 Dec 2010: 126

Last weekend: n/a

This time last year: 80

S Sold at Auction: 55

SB Sold before Auction: 10

SA Sold after Auction: 4

Passed in: 57

Passed in on vendor’s bid: 30

Clearance rate: 55%

Postponed: 1

Withdrawn: 0

Auctions with no result: 48

PS Private Sales: 1669

Total Volume (Auctions): $38.07mil

Total Volume (Private Sales): $812.84mil

Total Auctions Houses: 92

Clearance Rate: 57%

Median Price: $527,500

Total Value: $30,921,388

Total Auctions Flats/Apartments: 20

Clearance Rate: 50%

Median Price: $426,000

Total Value: $4,389,500

Total Auctions Vacant Land: 14

Clearance Rate: 50%

Median Price: $419,000

Total Value: $2,759,500

House Sales in Detail

TOP 5 HOUSES

1. 7 Ballamore Crescent, Doncaster $1,000,888

2. 36 Durham Street, Richmond $920,000

3. 6 Woolcock Close, Burwood $912,000

4. 22 Shawlands Avenue, Blackburn South $778,000

5. 16 Dayan Drive, Wantirna South $711,000

TOP 5 BARGAIN HOUSES

1. 70 Kuringai Road, Tootgarook $275,000

2. 19 Barragowa Drive, Rosebud West $307,000

3. 66 Third Avenue, Rosebud $315,000

4. 4 Ropley Grange, Frankston $330,000

5. 11 Boston Court, Narre Warren $365,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 3/6 Riverview Road, Essendon $510,000

2. 3/10 Mary Avenue, Highett $506,000

3. 1601/594 St Kilda Road, Melbourne $467,000

4. 2/4A Burnie Street, Toorak $374,000

5. 8/127 Arthur Street, Bundoora $320,000

TOP 5 BARGAIN APARTMENTS

1. 7/280 Nepean Highway, Seaford $297,500

2. 9/30 Balaclava Road, St Kilda East $311,000

3. 8/127 Arthur Street, Bundoora $320,000

4. 2/4A Burnie Street, Toorak $374,000

5. 1601/594 St Kilda Road, Melbourne $467,000

Tags: advocacy, Auction, auction results, auction sales, Buyer Advocate, cent, clearance rate, Houses, median price, property prices, reiv, street richmond, total, Value, vendor advocate
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Weekly Auction & Sales Results, Market Overview

Tuesday, January 25th, 2011

Weekly Auction & Sales Results, Market Overview

Saturday 18th & Sunday 19th December 2010

The clearance rate from this weekend’s auctions is 64 per cent, higher than any weekend in the past month.

This weekend is the last for auctions this year. Including this weekend’s results the overall clearance rate for the year is 71 per cent, lower than last year’s 81 per cent but higher than in 2008 when it was 63 per cent.

The clearance rate may be lower than 2009 but this obscures the fact that 30 per cent more homes have been sold at auction this year. More vendors have been successful selling their home at auction, highlighting the overall healthy state of the market this year.

There was a total of 605 auctions reported this weekend, a total of 389 sold and 216 were passed in, 114 of those on a vendors bid.

There will be very few auctions over January with listings expected to increase in early February next year.

Enzo Raimondo

REIV CEO

TOTAL AUCTIONS

This week: 605

Last Weekend: 1232

This time Last year: 630

S Sold at Auction: 314

SB Sold before Auction: 72

SA Sold after Auction: 3

Passed in: 216

Passed in on vendor’s bid: 114

Clearance rate: 64%

Postponed: 5

Withdrawn: 0

Auctions with no result: 82

PS Private Sales: 661

Total Volume (Auctions): $244.82mil

Total Volume (Private Sales): $364.68mil

Total Auctions Houses: 394

Clearance Rate: 64%

Median Price: $658,750

Total Value: $176,384,538

Total Auctions Flats/Apartments: 195

Clearance Rate: 67%

Median Price: $466,000

Total Value: $66,321,800

Total Auctions Vacant Land: 16

Clearance Rate: 38%

Median Price: $281,500

Total Value: $2,115,000

House Sales in Detail

TOP 5 HOUSES

1. 54A Mont Albert Road, Canterbury $3,830,000

2. 161 Lord Street, Richmond $2,250,000

3. 34 Smiths Road, Templestowe $1,860,000

4. 15 Braemar Street, Essendon $1,500,000

5. 90 Sutherland Road, Armadale $1,480,000

TOP 5 BARGAIN HOUSES

1. 55 Westmelton Drive, Melton West $210,000

2. 65 Silvertop Crescent, Frankston North $251,000

3. 2 Arndell Street, Thomastown $260,000

4. 1 Carrington Crescent, Carrum Downs $300,000

5. 82 Glenfern Road, Ferntree Gully $308,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 29/73 Queens Road, Melbourne $2,275,000

2. 333 Moray Street, South Melbourne $1,171,000

3. 21B Wild Cherry Road, Ormond $1,127,000

4. 43 Sweyn Street, Balwyn North $980,000

5. 58 London Street, Bentleigh $927,000

TOP 5 BARGAIN APARTMENTS

1. 21/850 Pascoe Vale Road, Glenroy $230,000

2. 3/62-64 Rupert Street, West Footscray $280,000

3. 3/19 Empire Street, Footscray $286,000

4. 1/30 Heyington Avenue, Thomastown $290,000

5. 1/8 Hayley Court, Mill Park $298,000

Tags: advocacy, Auction, auction results, auction sales, Buyer Advocate, cent, clearance rate, Houses, mont albert, property prices, reiv, street richmond, total, Value, vendor advocate
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Weekly Auction & Sales Results, Market Overview

Thursday, January 20th, 2011

Weekly Auction & Sales Results, Market Overview

Saturday 18th & Sunday 19th December 2010

The clearance rate from this weekend’s auctions is 64 per cent, higher than any weekend in the past month.

There was a total of 605 auctions reported this weekend, a total of 389 sold and 216 were passed in, 114 of those on a vendors bid.

There will be very few auctions over January with listings expected to increase in early February next year.

Enzo Raimondo

REIV CEO

TOTAL AUCTIONS

This week: 605

Last Weekend: 1232

This time Last year: 630

S Sold at Auction: 314

SB Sold before Auction: 72

SA Sold after Auction: 3

Passed in: 216

Passed in on vendor’s bid: 114

Clearance rate: 64%

Postponed: 5

Withdrawn: 0

Auctions with no result: 82

PS Private Sales: 661

Total Volume (Auctions): $244.82mil

Total Volume (Private Sales): $364.68mil

Total Auctions Houses: 394

Clearance Rate: 64%

Median Price: $658,750

Total Value: $176,384,538

Total Auctions Flats/Apartments: 195

Clearance Rate: 67%

Median Price: $466,000

Total Value: $66,321,800

Total Auctions Vacant Land: 16

Clearance Rate: 38%

Median Price: $281,500

Total Value: $2,115,000

House Sales in Detail

TOP 5 HOUSES

1. 54A Mont Albert Road, Canterbury $3,830,000

2. 161 Lord Street, Richmond $2,250,000

3. 34 Smiths Road, Templestowe $1,860,000

4. 15 Braemar Street, Essendon $1,500,000

5. 90 Sutherland Road, Armadale $1,480,000

TOP 5 BARGAIN HOUSES

1. 55 Westmelton Drive, Melton West $210,000

2. 65 Silvertop Crescent, Frankston North $251,000

3. 2 Arndell Street, Thomastown $260,000

4. 1 Carrington Crescent, Carrum Downs $300,000

5. 82 Glenfern Road, Ferntree Gully $308,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 29/73 Queens Road, Melbourne $2,275,000

2. 333 Moray Street, South Melbourne $1,171,000

3. 21B Wild Cherry Road, Ormond $1,127,000

4. 43 Sweyn Street, Balwyn North $980,000

5. 58 London Street, Bentleigh $927,000

TOP 5 BARGAIN APARTMENTS

1. 21/850 Pascoe Vale Road, Glenroy $230,000

2. 3/62-64 Rupert Street, West Footscray $280,000

3. 3/19 Empire Street, Footscray $286,000

4. 1/30 Heyington Avenue, Thomastown $290,000

5. 1/8 Hayley Court, Mill Park $298,000

Tags: Auction, auction sales, cent, clearance rate, Houses, mont albert, reiv, street richmond, total, Value
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Weekly Auction & Sales Results, Market Overview

Monday, November 15th, 2010

Weekly Auction & Sales Results, Market Overview

Saturday 13th & Sunday 14th November 2010

Results this weekend show that the Melbourne residential auction market continues to feel the impact of the interest rate increases. The clearance rate this weekend is 61 per cent, compared to last weekends 59 per cent.

There were 836 auctions reported this weekend, of which a total of 508 sold and 328 were passed in, 210 of those on a vendors bid.

This current levels of demand are likely to continue as stock levels will remain high with over 1000 auctions expected for each of the next three weekends and buyers are more cautious in light of the banks decisions to increase rates above the decision of the RBA.

This weekend last year saw 722 auctions and a clearance rate of 81 per cent.

Enzo Raimondo

REIV CEO

TOTAL AUCTIONS

This week: 778

Last Weekend: 701

This time last year: 836

S Sold at Auction: 417

SB Sold before Auction: 84

SA Sold after Auction: 7

Passed in: 328

Passed in on vendor’s bid: 210

Clearance rate: 61%

Postponed: 5

Withdrawn: 7

Auctions with no result: 111

PS Private Sales: 558

Total Volume (Auctions): $375.05mil

Total Volume (Private Sales): $287.71mil

Total Auctions Houses: 558

Clearance Rate: 59%

Median Price: $678,250

Total Value: $260,190,511

Total Auctions Flats/Apartments: 257

Clearance Rate: 65%

Median Price: $539,000

Total Value: $96,234,932

Total Auctions Vacant Land: 20

Clearance Rate: 65%

Median Price: $590,000

Total Value: $13,368,000

House Sales in Detail

TOP 5 HOUSES

1. 3 Gilbert Parade, Camberwell $2,031,000

2. 33 Hardwicke Street, Balwyn $2,000,500

3. 5 Beech Street, Malvern East $2,000,000

4. 37 Bringa Avenue, Camberwell $1,960,000

5. 23 Myrtle Road, Canterbury $1,900,000

TOP 5 BARGAIN HOUSES

1. 4 Arunga Avenue, Norlane $165,100

2. 2 Nigella Avenue, Corio $262,500

3. 14 Sweeney Drive, Narre Warren $291,000

4. 112 Longford Crescent, Coolaroo $301,000

5. 10 Fairview Street, Belmont $302,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 90 Canterbury Place, Middle Park $1,590,000

2. 16 Chatsworth Road, Prahran $1,375,000

3. 3/111 Queens Bridge Street, Southbank $1,260,000

4. 11 Hunter Street, Richmond $1,160,000

5. 4 Gatehouse Lane, Albert Park $1,150,000

TOP 5 BARGAIN APARTMENTS

1. 9/119 Anderson Road, Sunshine $190,000

2. 5/43-45 Leonard Avenue, Noble Park $200,000

3. 2/165 Edwardes Street, Reservoir $268,000

4. 7/171 Kent Street, Ascot Vale $293,000

5. 3/48 Moonya Road, Carnegie $323,000

Tags: Auction, auction market, auction sales, cent, clearance rate, Houses, malvern east, residential auction, total, Value
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Weekly Auction & Sales Results, Market Overview

Tuesday, October 26th, 2010

Weekly Auction & Sales Results, Market Overview

Saturday 23rd & Sunday 24th October 2010

In light of the very high number of auctions this weekend the clearance rate of 68 that was achieved is a very healthy result and demonstrates that underlying demand is good.

Including this weekends activity, the REIV has seen average weekly auction listings increase by around 30 per cent compared to winter; interestingly, the clearance rate for spring has not changed substantially, with around 68 per cent of homes selling during the first eight weeks of spring.

There were 1031 auctions reported this weekend of which 706 sold and 325 were passed in, 200 of those on a vendors bid.

The total value of auction sales reported was $596.81M and there were $243.86M in private sales reported this week resulting in a $840.67M worth of homes selling this week.

This weekend last year saw 891 auctions and a clearance rate of 82 per cent.

Next weekend there will be around 430 auctions and on the following weekend there are 690 expected.

Enzo Raimondo

CEO REIV

——————————————————————————–

TOTAL AUCTIONS

This week: 1031

Last Weekend: 697

This weekend last year: 891

S Sold at Auction: 594

SB Sold before Auction: 109

SA Sold after Auction: 3

Passed in: 325

Passed in on vendor’s bid: 200

Clearance rate: 68%

Postponed: 4

Withdrawn: 1

Auctions with no result: 131

PS Private Sales: 519

Total Volume (Auctions): $596.81mil

Total Volume (Private Sales): $243.86mil

Total Auctions Houses: 709

Clearance Rate: 67%

Median Price: $801,950

Total Value: $455,151,318

Total Auctions Flats/Apartments: 307

Clearance Rate: 72%

Median Price: $560,000

Total Value: $132,363,500

Total Auctions Vacant Land: 14

Clearance Rate: 57%

Median Price: $725,000

Total Value: $7,788,000

House Sales in Detail

TOP 5 HOUSES

1. 47 Auburn Road, Hawthorn East $3,205,000

2. 70 Harold Street, Middle Park $2,940,000

3. 9 Currajong Avenue, Camberwell $2,812,500

4. 25 Bolton Avenue, Hampton $2,800,000

5. 33 Victoria Avenue, Canterbury $2,550,000

TOP 5 BARGAIN HOUSES

1. 9 Mary Street, Hamlyn Heights $267,500

2. 7 Heytesbury Street, Herne Hill $277,000

3. 55 Gorge Road, South Morang $318,000

4. 46 Mackie Road, Mulgrave $320,000

5. 35 Margaret Street, Werribee $332,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. T01/147 Beach Street, Port Melbourne $1,850,000

2. 47 Orrong Crescent, Caulfield North $1,765,000

3. 2D Wilks Avenue, Malvern $1,393,000

4. 71A Munro Avenue, Ashburton $1,390,000

5. 108 Surrey , South Yarra $1,310,000

TOP 5 BARGAIN APARTMENTS

1. 5/19 Kingsville Street, Kingsville $212,000

2. 11/33 Grey Street, St Kilda $235,000

3. 8/16 Warleigh Road, Footscray $244,500

4. 9/17 Greene Street, Spotswood $261,000

5. 3/552 Moreland Road, Brunswick West $262,000

Tags: APARTMENTS, Auction, auction listings, auction sales, cent, clearance rate, private sales, reiv, total, Weekly
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