Melbourne’s Weekend Property Results

A clearance rate of 59 per cent was recorded this weekend compared to 60 per cent last weekend and 55 per cent this weekend last year.

In the month of July there were 1,590 auctions with an overall clearance rate of 58 per cent. The highest clearance rates were recorded in Glen Waverley, Northcote and Brunswick. This compared to 56 per cent in June from 2,390 auctions. Further monthly comparisons over the past 5 years are available at www.reiv.com.au

There were 384 auctions reported to the REIV this weekend, with 227 selling and 157 being passed in, 92 of those on a vendor bid.

Next weekend the REIV expects around 520 auctions.

Enzo Raimondo
CEO REIV


SALES RESULTS

S Sold at Auction: 193
SB Sold before Auction: 34
SA Sold after Auction: 0

Passed in: 157
Passed in on vendor's bid: 92

Clearance rate: 59%

TOTAL AUCTIONS

This week: 384
Postponed: 1
Withdrawn: 1
Auctions with no result: 58

PS Private Sales: 519
Total Volume (Auctions): $157.21mil
Total Volume (Private Sales): $238.57mil

Total Auctions Houses: 259
Clearance Rate: 58%
Median Price: $700,000
Total Value: $116,173,500

Total Auctions Flats/Apartments: 116
Clearance Rate: 63%
Median Price: $483,750
Total Value: $37,948,500

Total Auctions Vacant Land: 8
Clearance Rate: 50%
Median Price: $375,500
Total Value: $2,276,000

TOP 5 HOUSES

1. 9 Wellesley Road, Hawthorn $2,510,000
2. 13 Edward Street, Kew $2,200,000
3. 2 Nicholson Street, Hawthorn East $2,125,000
4. 18 Clive Road, Hawthorn East $2,005,000
5. 13 Corona Street, Balwyn North $1,725,000

TOP 5 BARGAIN HOUSES

1. 3 Terence Street, Sunbury $252,000
2. 14 Curtin Crescent, Dandenong North $280,000
3. 30 Kershaw Drive, Narre Warren South $285,000
4. 10 Quarrion Court, Hoppers Crossing $300,000
5. 42 Tarneit Road, Werribee $315,000

TOP 5 APARTMENTS

1. 10A Fordham Avenue, Camberwell $1,375,000
2. 2/859 Toorak Road, Hawthorn East $920,000
3. 65A Nolan Street, Niddrie $910,000
4. 4/77 Allison Road, Elsternwick $819,000
5. 1/108 The Eyrie, Eaglemont $810,000

TOP 5 BARGAIN APARTMENTS

1. 3/35 Gregory Grove, Preston $246,100
2. 1/29 Lady Nelson Way, Keilor Downs $260,000
3. 1/32 Roberts Road, Airport West $285,000
4. 19/52 Baker Street, Richmond $310,000
5. 14/82 Westbury Street, St Kilda East $315,500