Buyers got into the swing of spring this weekend, keeping the auction clearance rate at a very healthy and high 82 per cent from 723 auctions held. We do not expect things to slow down especially over the next couple of weeks where more than 1,600 properties are scheduled to be auctioned.S Sold at Auction: 452
SB Sold before Auction: 135
SA Sold after Auction: 9Passed in: 127
Passed in on vendor’s bid: 83
Clearance rate: 82%
TOTAL AUCTIONSThis week: 723
Last week: 593
Last year: 542PS Private Sales: 627
Total Volume (Auctions): $377.85mil
Total Volume (Private Sales): $226.92mil
Total Auctions Houses: 494
Clearance Rate: 83%
Median Price: $585,000
Total Auctions Flats/Apartments: 218
Clearance Rate: 83%
Median Price: $450,500
Total Auctions Vacant Land: 11
Clearance Rate: 64%
Median Price: $291,000
Highest Private Sale Price
Sandown St, BRIGHTON $4,550,000
Lowest Private Sale Price
The Embankment , MELTON $82,000
House Sales in Detail
TOP 5 HOUSES
Sutherland Rd, ARMADALE $2,750,000
Mckinley Av, MALVERN $2,060,000
Thanet St, MALVERN $1,820,000
Loch St, CAMBERWELL $1,712,000
Beach Rd, BEAUMARIS $1,660,000
TOP 5 BARGAIN HOUSES
Viewhill Rd, COCKATOO $145,000
Langley St, ARDEER $215,000
Duke St, BRAYBROOK $221,000
Lorraine Cr, JACANA $226,000
Suspension St, ARDEER $231,000Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
Simpson St, EAST MELBOURNE $1,350,000
Ryans La, WILLIAMSTOWN $1,152,000
Canterbury Rd, ST KILDA WEST $1,020,000
Teak St, CAULFIELD SOUTH $920,000
Orrong Cr, CAULFIELD NORTH $917,000
TOP 5 BARGAIN APARTMENTS
Jasper Tce, FRANKSTON $175,500
Tullidge St, MELTON $181,000
Hopetoun St, MOONEE PONDS $185,000
Sydney St, SUNSHINE $185,000
George St, RESERVOIR $189,000
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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