A combination of a lower number of auctions than in previous years and recent reductions in interest rates has helped ensure a healthy number of buyers competing at auctions today, with a clearance rate of 76 per cent being achieved. There were 417 auctions reported today, with 319 selling and 98 being passed in, of which 69 were passed in on a vendor bid. Next weekend there will be plenty of choice for buyers, with around 650 auctions expected to be held.
TOTAL AUCTIONS
This week: 417
Last week: 243
Last year: 1091
S Sold at Auction: 230
SB Sold before Auction: 86
SA Sold after Auction: 3
Passed in: 98
Passed in on vendor’s bid: 69
Clearance rate: 76%
Postponed: 1
Withdrawn: 1
Auctions with no result: 34
PS Private Sales: 723
Total Volume (Auctions): $191.81mil
Total Volume (Private Sales): $287.46mil
Total Auctions Houses: 298
Clearance Rate: 73%
Median Price: $585,500
Total Auctions Flats/Apartments: 112
Clearance Rate: 87%
Median Price: $499,000
Total Auctions Vacant Land: 7
Clearance Rate: 57%
Median Price: $260,000
House Sales in Detail
TOP 5 HOUSES
1. 11 Clark Road, Ivanhoe $2,750,000
2. 3 Pollington Street, St Kilda $2,200,000
3. 7 Canberra Grove, Malvern $1,900,000
4. 12 Vista Avenue, Kew $1,581,500
5. 43 Violet Street, Frankston South $1,575,000
TOP 5 BARGAIN HOUSES
1. 302 Skye Road, Frankston $245,000
2. 18 Martin Street, Rosebud $263,000
3. 128 Roycroft Avenue, Mill Park $271,000
4. 26 Alamein Road, Heidelberg West $287,000
5. 3 Barrington Crescent, Gladstone Park $301,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 155/28 Southgate Avenue, Southbank $1,600,000
2. 13 Morley Street, Port Melbourne $1,034,500
3. 2 Edward Street, Kew $1,010,000
4. 34 Nelson Street, Sandringham $850,000
5. 78 Esplanade West, Port Melbourne $795,000
TOP 5 BARGAIN APARTMENTS
1. 2/440 Albion Street, Brunswick West $198,500
2. 3/2 Chelsey Street, Ardeer $225,000
3. 4/67 Scott Street, Dandenong $230,000
4. 3/44 Noble Street, Noble Park $235,000
5. 18A Shaw Street, Fawkner $248,000
If interested in learning more about this update please contact me today!
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