The fact that we have recorded the best result this weekend since the end of 2007 is a reflection of the low number of homes on offer at auction and the impending end of the First Home Owners Boost and First Home Owners Bonus.
A clearance rate of 85 per cent was achieved this weekend from 166 auctions recorded. There were 25 homes passed in, of which 14 were passed in on a vendors bid.
The last time there were more than 100 auctions and the clearance rate was above 80 per cent on a Saturday was on the 22nd of December 2007 when it reached 85 per cent.
The REIV is expecting around 400 auctions next weekend.
Last weekend: 437
This time last year: 372
SB Sold before Auction: 27
SA Sold after Auction: 0
Passed in on vendor’s bid: 14
Withdrawn: 0
Auctions with no result: 19
Total Volume (Private Sales): $281.55mil
Clearance Rate: 81%
Median Price: $592,500
Clearance Rate: 90%
Median Price: $428,000
Clearance Rate: 100%
Median Price: $161,000
1. 187 Page Street, Middle Park $1,855,000
2. 3 Butler Street, Brighton $1,470,000
3. 79 Wattle Valley Road, Canterbury $1,415,000
4. 76 Falconer Street, Fitzroy North $1,250,000
5. 107 Rowe Street, Fitzroy North $1,120,000
1. 8 Watchet Court, Craigieburn $280,000
2. 14 Nepean Street, Broadmeadows $290,000
3. 4 Charles Avenue, Springvale $291,000
4. 13 Wordsworth Avenue, Heidelberg Heights $302,000
5. 13 Donvale Avenue, Roxburgh Park $310,000
1. 14 Prince Street, Hampton $1,065,000
2. 1/16 Middle Road, Camberwell $901,000
3. 1/107 Strabane Avenue, Balwyn $720,000
4. 101A/620 Collins Street, Melbourne $660,000
5. 14/71 Denbigh Road, Armadale $620,000
1. 16/14 Alma Road, St Kilda $223,500
2. 17B/50 Boadle Road, Bundoora $255,000
3. 1/32 Timberglade Street, Noble Park $262,000
4. 2/3 Lodge Street, Noble Park $285,000
5. 4/17-19 Rosebank Avenue, Clayton South $285,500
If interested in learning more about this update please contact me today!
Tags: cent, clearance rate, fitzroy north, heidelberg heights, home, Houses, mil, nepean street, result, roxburgh park
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