Saturday 9th & Sunday 10th March 2013 – Market Results

A clearance rate of 67 per cent was recorded this weekend compared to 68 per cent last weekend and 61 per cent this weekend last year.

There were 176 auctions reported to the REIV this weekend, with 118 selling and 58 being passed in, 26 of those on a vendor bid.

The overall volume of auctions this weekend is low due to the long weekend, consequently the result cannot be taken as representative of the state of the market.

Next weekend the REIV expects around 870 auctions followed by 1,210 in a fortnight.

Enzo Raimondo
CEO REIV

RESIDENTIAL

S Sold at Auction: 92
SB Sold before Auction: 26
SA Sold after Auction: 0
Passed in: 58
Passed in on vendor's bid: 26
Clearance rate: 67%

TOTAL AUCTIONS
This week: 176
Yesterday: 0
Last Sunday: 31
This weekend last month: 113
This weekend last year: 185

CLEARANCE RATES:
Weekend: 67%
Yesterday: N/A
Last Sunday: 77%
This weekend last month: 69%
This weekend last year: 61%
Postponed: 2
Withdrawn: 5
Auctions with no result: 17
PS Private Sales: 568
Total Volume (Auctions): $59.32mil
Total Volume (Private Sales): $274.9mil
Total Auctions Houses: 117
Clearance Rate: 62%
Median Price: $595,000
Total Value: $40,310,500
Total Auctions Flats/Apartments: 51
Clearance Rate: 76%
Median Price: $440,000
Total Value: $18,447,500
Total Auctions Vacant Land: 8
Clearance Rate: 88%
Median Price: $560,000
Total Value: $560,000

TOP 5 HOUSES
1. 60 Bell Street, Fitzroy $1,145,000
2. 120 Rosslyn Street, West Melbourne $1,031,000
3. 53 Hambleton Street, Albert Park $1,000,000
4. 8 Francis Street, Ascot Vale $915,000
5. 77 York Street, Prahran $870,000

TOP 5 BARGAIN HOUSES
1. 4 Moonah Avenue, Brookfield $275,000
2. 2 Jasmine Court, Meadow Heights $280,000
3. 8 Val Court, Dandenong $313,000
4. 107 Beatty Avenue, Glenroy $315,000
5. 38 Tracey Street, Werribee $325,000

TOP 5 APARTMENTS
1. 24/125 Oxford Street, Collingwood $1,512,000
2. 5/86 Alma Road, St Kilda $750,000
3. 8/681 Nepean Highway, Carrum $700,000
4. 1/7 Gross Court, Mount Waverley $691,000
5. 6/6 Terrara Road, Vermont $685,000

TOP 5 BARGAIN APARTMENTS
1. 218/604 St Kilda Road, Melbourne $255,000
2. 9/9 Hammond Street, Thornbury $275,000
3. 16/11 Ashted Road, Box Hill $295,000
4. 3/49 Northernhay Street, Reservoir $308,000
5. 20/26 Garton Street, Princes Hill $320,000

SOURCE: REIV