Limited auction numbers over the Grand Final weekend proved no impediment to demand, with a clearance rate of 88% being reached. This strong demand will ensure the next few weeks provide good results for vendors.Coverage of the Grand Final left limited space available for property in this weekend’s papers, so a special free auction report has been made available through industry-owned portal www.Realestateview.com.au. Simply head to the Realestateview website, and click on the free auction report banner on the front page.S Sold at Auction: 57
SB Sold before Auction: 32
SA Sold after Auction: 15
Passed in: 16
Passed in on vendor’s bid: 6
Clearance rate: 87%
TOTAL AUCTIONSThis week: 120
Last week: 934
Last year: 83PS Private Sales: 593Total Volume (Auctions): $59.79mil
Total Volume (Private Sales): $222.83mil
Total Auctions Houses: 77
Clearance Rate: 86%
Median Price: $499,000
Total Auctions Flats/Apartments: 39
Clearance Rate: 87%
Median Price: $503,750
Total Auctions Vacant Land: 4
Clearance Rate: 100%
Median Price: $238,500
Highest Private Sale Price
Henderson Av, MALVERN $3,500,000
Lowest Private Sale Price
Georgia Cr, WERRIBEE $85,000
House Sales in Detail
TOP 5 HOUSES
Albert Rd, SOUTH MELBOURNE $4,010,000
White St, BEAUMARIS $1,550,000
Talbot Av, ST KILDA EAST $1,230,000
Cromwell St, CAULFIELD NORTH $1,200,000
Auburn Pde, HAWTHORN EAST $1,100,000
TOP 5 BARGAIN HOUSES
Darebin Dr, THOMASTOWN $256,500
Reservoir St, RESERVOIR $261,000
Turner Cr, BRAYBROOK $270,000
Daniel Ct, BUNDOORA $270,000
Pine St, RESERVOIR $293,000Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Wellington St, COLLINGWOOD $1,250,000
Warrigal Rd, PARKDALE $880,000
Thompson St, ORMOND $880,000
Acland St, ST KILDA $835,000
Alma Rd, ST KILDA $735,000
TOP 5 BARGAIN APARTMENTS
Eldridge St, FOOTSCRAY $215,000
George St, FRANKSTON $230,000
Hotham St, ST KILDA EAST $255,000
Dandenong Rd, ST KILDA EAST $310,000
Henderson Rd, TULLAMARINE $320,000
Information provided by the Real Estate Institute of Victoria
If interested in learning more about this update please contact me today!
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