Faced with the most difficult external economic climate we have witnessed for many years and a large increase in stock, demand at auctions this weekend dropped resulting in a clearance rate of 53 per cent
There were 943 auctions held this weekend with 503 being sold and 440 passed in, 326 of which were passed in on a vendors bid.
Next weekend there are only 151 auctions due to the racing.
S Sold at Auction: 387
SB Sold before Auction: 108
SA Sold after Auction: 8
Passed in: 440
Passed in on vendor’s bid: 326
Clearance rate: 53%
TOTAL AUCTIONS
This week: 943
Last Weekend: 578
Last Year: 1211
Postponed: 4
Withdrawn: 0
Auctions with no result: 102
PS Private Sales: 541
Total Volume (Auctions): $322.01mil
Total Volume (Private Sales): $202.32mil
Total Auctions Houses: 652
Clearance Rate: 50%
Median Price: $643,500
Total Auctions Flats/Apartments: 274
Clearance Rate: 61%
Median Price: $440,000
Total Auctions Vacant Land: 17
Clearance Rate: 59%
Median Price: $525,000
House Sales in Detail
TOP 5 HOUSES
1. 288 Beaconsfield Parade, Middle Park $2,975,000
2. 18 Dunraven Avenue, Toorak $2,515,500
3. 50 Serpells Road, Templestowe $2,300,000
4. 176 Scotchmans Road, Drysdale $2,200,000
5. 7 Heaton Avenue, Elwood $1,901,500
TOP 5 BARGAIN HOUSES
1. 17 Murtoa Street, Dallas $204,000
2. 3 Kirby Court, St Albans $230,000
3. 15 Chatham Place, Kings Park $245,000
4. 6 Katandra Crescent, Broadmeadows $252,000
5. 17 Ramsbury Street, Craigieburn $269,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 6 Shiel Street, North Melbourne $880,000
2. 4/214 Argyle Street, Fitzroy $870,000
3. 4/120 Mitford Street, Elwood $865,000
4. 5 St Andrews Street, North Melbourne $855,000
5. 1A Brownell Road, Glen Iris $830,000
TOP 5 BARGAIN APARTMENTS
1. 6/5 Carmichael Street, Footscray West $154,000
2. 4/16 Stud Road, Dandenong $170,000
3. 6/52 Church Road, Carrum $220,000
4. 2/1 Rochdale Square, Lalor $222,250
5. 10 Tintern Loop, Hillside $235,000
If interested in learning more about this update please contact me today!
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