“The impact of the problems in the wider economy was apparent for the third week in a row as the clearance rate remained in the mid 50’s after spending the first third of the year in the mid 60’s. There were 660 auctions held this weekend of which 351 sold and 309 were passed in, 216 passed in on a vendors bid. Next weekend is shaping as one of the biggest weekends in the year with nearly 1000 auctions scheduled.”
RESIDENTIAL
S Sold at Auction: 255
SB Sold before Auction: 88
SA Sold after Auction: 8
Passed in: 309
Passed in on vendor’s bid: 216
Clearance rate: 53%
TOTAL AUCTIONS
This week: 660
Yesterday: 23
Last Sunday: 20
This weekend last month: 942
This weekend last year: 689
CLEARANCE RATES:
Weekend: 53%
Yesterday: 39%
Last Sunday: 45%
This weekend last month: 51%
This weekend last year: 78%
Postponed: 0
Withdrawn: 1
Auctions with no result: 76
PS Private Sales: 657
Total Volume (Auctions): $197.41mil
Total Volume (Private Sales): $253.5mil
Total Auctions Houses: 437
Clearance Rate: 50%
Median Price: $570,000
Total Auctions Flats/Apartments: 203
Clearance Rate: 60%
Median Price: $407,500
Total Auctions Vacant Land: 19
Clearance Rate: 47%
Median Price: $365,000
House Sales in Detail
TOP 5 HOUSES
1. 103 Mathoura Road, Toorak $3,640,000
2. 15 Murphy Street, Brighton $2,150,000
3. 12 Latham Street, Ivanhoe $2,030,000
4. 6 Berkefeld Court, Templestowe $1,700,000
5. 125 Rowe Street, Fitzroy North $1,605,000
TOP 5 BARGAIN HOUSES
1. 5 Mundi Crescent, Wyndham Vale $140,000
2. 18 Charles Court, Melton South $180,000
3. 34 Guildford Avenue, Coolaroo $215,000
4. 2 Kynoch Street, Deer Park $216,000
5. 31 Guildford Avenue, Coolaroo $218,500
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 13&14/9 Beach Street, Port Melbourne $1,400,000
2. 17A Halifax Street, Brighton $870,000
3. 11/85 Alexandra Avenue, South Yarra $857,000
4. 644A Toorak Road, Toorak $750,000
5. 3/182 Albert Road, South Melbourne $720,000
TOP 5 BARGAIN APARTMENTS
1. Lot 1520 Foxtail Terrace, South Morang $180,000
2. 1/281 Nicholson Street, Seddon $182,500
3. 4/70 Bruce Street, Preston $210,000
4. 9/31 Raleigh Street, Essendon $218,000
5. 1/70 Bruce Street, Preston $225,000
Information provided by The Real Estate Institute of Victoria
Warwick Brookes - Domain Property Advocates - Managing Melbourne
