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Auction Results

Saturday 28th February 2015

House with auction sign

A clearance rate of 79 per cent was recorded this weekend compared to 75 per cent last weekend and 73 per cent this weekend last year.
There were 1243 auctions reported to the REIV today, with 978 selling and 265 being passed in, 137 of those on a vendor bid.

This week marks the highest point in auction activity for the year to date. The top auction suburbs this year are South Yarra (43 auctions), Reservoir (42 auctions) and Bentleigh East (33 auctions). There will be fewer auctions next weekend (317), due to the Labour Day public holiday.

Enzo Raimondo
CEO REIV


S Sold at Auction: 816
SB Sold before Auction: 162
SA Sold after Auction: 0

Passed in: 265
Passed in on vendor's bid: 137

Clearance rate: 79%

TOTAL AUCTIONS
This week: 1243
Last weekend: 973
This time last year: 1175

Postponed: 14
Withdrawn: 20
Auctions with no result: 183

PS Private Sales: 564

Total Volume (Auctions): $874.96mil
Total Volume (Private Sales): $280.43mil

Total Auctions Houses: 815
Clearance Rate: 83%
Median Price: $866,250
Total Value: $686,604,297

Total Auctions Flats/Apartments: 402
Clearance Rate: 71%
Median Price: $590,000
Total Value: $181,751,188

Total Auctions Vacant Land: 26
Clearance Rate: 62%
Median Price: $507,500
Total Value: $6,608,000

TOP 5 HOUSES
1. 136 Page Street, Middle Park $5,500,000
2. 38 Kooyongkoot Road, Hawthorn $5,085,000
3. 266 Cotham Road, Kew $3,610,000
4. 146 Yarrbat Avenue, Balwyn $3,500,000
5. 29 Myers Avenue, Glen Waverley $3,308,800
TOP 5 BARGAIN HOUSES
1. 1A Dartford Court, Craigieburn $277,500
2. 155 Morris Road, Hoppers Crossing $282,500
3. 32 Ovens Circuit, Whittlesea $290,000
4. 9 The Glen, Pakenham $301,000
5. 14 Kimberley Grove, Pakenham $315,000

TOP 5 APARTMENTS
1. 1/2A Ormsby Grove, Toorak $1,755,000
2. 20-22 Setani Crescent, Heidelberg West $1,640,000
3. 8.1/193 Domain Road, South Yarra $1,610,000
4. 3/5 Thomson Street, South Melbourne $1,531,000
5. 11/243 Beaconsfield Parade, Middle Park $1,485,000
TOP 5 BARGAIN APARTMENTS
1. 3/39 Ovens Circuit, Whittlesea $180,000
2. 2/232 Nicholson Street, Footscray $200,000
3. 7/230 Ascot Vale Road, Ascot Vale $250,000
4. 5/24 Daly Street, Brunswick $260,000
5. 4/21 Nepean Avenue, Hampton East $267,000

Select the first letter of the suburb name.

 

Propertydata.com.au

Don’t forget to tune in to Channel 9’s 6pm news bulletin on Saturday nights. The “Hot Property” segment features the latest market round-up and real estate results brought to you first by REIV.

Source: NINE NEWS

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