The welcome wet weather did not dampen demand in the weekend’s auction market with 63% of homes offered for auction selling. With the clearance rate being consistent with last weekend it would appear that decisions about the nations finances in the recent Federal and State budgets did not harm buyer confidence. 560 properties were offered at auction today with 279 selling and 207 being passed in. Numerically this is a result similar to this weekend in 2005 and 2006.TOTAL AUCTIONS
This week: 560
Last weekend: 616
This time last year: 613
S Sold at Auction: 279
SB Sold before Auction: 66
SA Sold after Auction: 8
Passed in: 207
Passed in on vendor’s bid: 125
Clearance rate: 63%
Postponed: 2
Withdrawn: 0
Auctions with no result: 71
PS Private Sales: 604
Total Volume (Auctions): $211.18mil
Total Volume (Private Sales): $254.38mil
Total Auctions Houses: 386
Clearance Rate: 64%
Median Price: $510,000
Total Auctions Flats/Apartments: 155
Clearance Rate: 60%
Median Price: $430,500
Total Auctions Vacant Land: 7
Clearance Rate: 57%
Median Price: $397,500
House Sales in Detail
TOP 5 HOUSES
1. 25 Barry Street, Kew $4,510,000
2. 4A Haverbrack Avenue, Malvern $4,430,000
3. 1 Longmore Street, St Kilda West $2,260,000
4. 4 Crimea Street, St Kilda $2,100,000
5. 4 Palmer Place, Hawthorn $1,818,000
TOP 5 BARGAIN HOUSES
1. 22/34-42 Hanna Street, Noble Park $210,000
2. 2/1 Wara Close, Noble Park North $210,000
3. 48 Tooradin Avenue, Dallas $210,000
4. 12 Barrow Court, Hoppers Crossing $225,000
5. 13 Poplar Street, Frankston North $237,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 4A Alimar Court, Brighton $1,920,000
2. 11A Rostrevor Parade, Mont Albert $1,176,000
3. 5/35 Wellington Street, Kew $1,100,000
4. 4/51 Begonia Road, Gardenvale $851,000
5. 3t/155 Beach Street, Port Melbourne $850,000
TOP 5 BARGAIN APARTMENTS
1. 17/346 Geelong Road, Footscray West $136,000
2. 1/8 Rebecca Street, Doveton $177,500
3. 14/2 St Kinnord Street, Aberfeldie $205,000
4. 12/2 Alamein Street, Noble Park $213,000
5. 9/54 Balston Street, Balaclava $216,000
Information provided by The Real Estate Institute of Victoria
Regards – Warwick Brookes – www.domainbuyer.com.au
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