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Auction Results

Saturday 30th August 2014

House with auction sign

A clearance rate of 76 per cent was recorded this weekend compared to 70 per cent last weekend and 70 per cent this weekend last year.

There were 652 auctions reported to the REIV today, with 495 properties selling and 157 being passed in, 63 of those on a vendor bid.

There were 11,915 auctions held last spring. Forward estimates for this spring indicate similar levels of auctions, if not higher. Melbourne is already set to have its first weekend of more than 1,000 auctions in mid-September as the market ramps up.

Enzo Raimondo
CEO REIV


S Sold at Auction: 393
SB Sold before Auction: 102
SA Sold after Auction: 0

Passed in: 157
Passed in on vendor's bid: 63

Clearance rate: 76%

TOTAL AUCTIONS
This week: 652
Last weekend:675
This time last year:683
Postponed: 9
Withdrawn: 10
Auctions with no result: 129

PS Private Sales: 367

Total Volume (Auctions): $390.06mil
Total Volume (Private Sales): $191.43mil

Total Auctions Houses: 434
Clearance Rate: 79%
Median Price: $810,000
Total Value: $295,067,485

Total Auctions Flats/Apartments: 204
Clearance Rate: 71%
Median Price: $558,444
Total Value: $85,595,138

Total Auctions Vacant Land: 12
Clearance Rate: 42%
Median Price: $370,500
Total Value: $3,240,500

TOP 5 HOUSES
1. 1-3 Palm Grove, Deepdene $3,180,000
2. 51 Cookson Street, Camberwell $2,850,000
3. 2 Osburn Avenue, Balwyn North $2,120,000
4. 4 Murndal Drive, Donvale $2,090,000
5. 3 Loxton Street, Kew $1,840,000
TOP 5 BARGAIN HOUSES
1. 24 Woking Street, Craigieburn $255,000
2. 171 Dallas Drive, Dallas $280,000
3. 4 Dean Court, Carrum Downs $314,000
4. 48 Mulberry Pass, Craigieburn $328,000
5. 80 Erinbank Crescent, Westmeadows $330,000

TOP 5 APARTMENTS
1. 907/115 Beach Street, Port Melbourne $1,625,000
2. 9 Belson Street, Malvern East $1,612,000
3. 18 Beacon Vista, Port Melbourne $1,570,000
4. 2/135 Ormond Esplanade, Elwood $1,355,000
5. 503/469 St Kilda Road, Melbourne $1,248,000
TOP 5 BARGAIN APARTMENTS
1. 3/21 Empire Street, Footscray $260,000
2. 7/470 Punt Road, South Yarra $291,500
3. 11/97-99 Raleigh Road, Maribyrnong $296,000
4. 10/23 Davison Street, Richmond $300,000
5. 5/19 Brisbane Street, Murrumbeena $325,000

Select the first letter of the suburb name.

 

Propertydata.com.au

Don’t forget to tune in to Channel 9’s 6pm news bulletin on Saturday nights. The “Hot Property” segment features the latest market round-up and real estate results brought to you first by REIV.

Source: NINE NEWS

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