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Auction Results

Saturday 20th September & Sunday 21st September 2014

House with auction sign

A clearance rate of 75 per cent was recorded this weekend compared to 73 per cent last weekend and 78 per cent this weekend last year.

There were 894 auctions reported to the REIV this weekend, with 669 properties selling and 225 being passed in, 104 of those on a vendor bid.

There have been more than 25,800 auctions held in Victoria so far this year with about 1 in 3 of all home sales at auction. This is higher than this time last year when 27% of home sales completed at auction.

Enzo Raimondo
CEO REIV


S Sold at Auction: 550
SB Sold before Auction: 118
SA Sold after Auction: 1

Passed in: 225
Passed in on vendor's bid: 104

Clearance rate: 75%

TOTAL AUCTIONS
This week: 894
Yesterday: 14
Last Sunday: 30
This weekend last month: 674
This weekend last year: 885
CLEARANCE RATES:
Weekend: 75%
Yesterday: 71%
Last Sunday: 73%
This weekend last month: 73%
This weekend last year: 78%

Postponed: 25
Withdrawn: 7
Auctions with no result: 174

PS Private Sales: 380

Total Volume (Auctions): $570.88mil
Total Volume (Private Sales): $203.06mil

Total Auctions Houses: 570
Clearance Rate: 78%
Median Price: $850,000
Total Value: $421,845,000

Total Auctions Flats/Apartments: 304
Clearance Rate: 70%
Median Price: $600,000
Total Value: $138,078,099

Total Auctions Vacant Land: 17
Clearance Rate: 35%
Median Price: $720,000
Total Value: $3,065,000

TOP 5 HOUSES
1. 15 Nevis Street, Camberwell $3,170,000
2. 134 Park Street, St Kilda West $2,925,000
3. 23 Coppin Street, Malvern East $2,750,000
4. 9 Wallace Grove, Brighton $2,600,000
5. 1-3 Wynstay Crescent, Ivanhoe $2,600,000
TOP 5 BARGAIN HOUSES
1. 97 Eramosa Road, Somerville $267,500
2. 15 Thwaites Road, Pakenham $310,000
3. 12 Neptune Terrace, Mernda $320,000
4. 19 Strathaird Drive, Narre Warren South $325,000
5. 12 Lima Court, Westmeadows $333,000

TOP 5 APARTMENTS
1. 1A Rose Street, Brighton $3,525,000
2. 703/55 Beach Street, Port Melbourne $2,460,000
3. 86 Halifax Street, Brighton $1,975,000
4. 5/15-17 Bent Street, Brighton $1,950,000
5. 3/242 Beaconsfield Parade, Middle Park $1,860,000
TOP 5 BARGAIN APARTMENTS
1. 403/591 Elizabeth Street, Melbourne $140,750
2. 204/268 Flinders Street, Melbourne $147,500
3. 9/21 Hampton Parade, West Footscray $177,000
4. 3/327 High Street, Thomastown $210,000
5. 2/3 Perkin Avenue, Pascoe Vale $250,000

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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