Weekly Auction & Sales Results, Market Overview

Sunday 7th February 2010

 

The auction market picked up where it left off last year with a 
clearance rate of 83 percent from the 164 reported auctions this weekend. 
Buyers have not been dissuaded from strong bidding by the three 
interest rate rises last year nor the expectation that more will come this 
year. The reduction in financial assistance to first home buyers on 
31 December does not appear to have had a negative impact at 
this point, especially as population growth brings more buyers to the 
market compensating for the fewer first home buyers.

There were 164 auctions reported this weekend, of which 136 sold and 28 were 
passed in, 18 of those passed in on a vendors bid.

The REIV expects just over 350 auctions next weekend.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This week: 164
Last weekend: 69
This weekend last year: 99

S Sold at Auction: 100
SB Sold before Auction: 35
SA Sold after Auction: 1

Passed in: 28
Passed in on vendor's bid: 18

Clearance rate: 83%

Postponed: 0
Withdrawn: 2
Auctions with no result: 23

PS Private Sales: 696

Total Volume (Auctions): $77.43mil
Total Volume (Private Sales): $309.88mil

Total Auctions Houses: 115
Clearance Rate: 88%
Median Price: $563,000
Total Value: $60,100,550

Total Auctions Flats/Apartments: 44
Clearance Rate: 75%
Median Price: $532,000
Total Value: $16,603,150

Total Auctions Vacant Land: 5
Clearance Rate: 40%
Median Price: $361,000
Total Value: $722,000

 

House Sales in Detail
TOP 5 HOUSES

1. 30 Lennox Street, Hawthorn $2,860,000
2. 13 Loch Street, Camberwell $1,340,000
3. 2 Macgowan Avenue, Glen Huntly $1,165,000
4. 67 - 69 Waverley Road, Malvern East $1,150,000
5. 29 Frank Street, Box Hill South $1,016,000

TOP 5 BARGAIN HOUSES
1. 11 Glenleigh Court, Cranbourne North $266,000
2. 49 Gipps Crescent, Cranbourne $285,000
3. 18 Kingsbarn Court, Cranbourne $285,500
4. 7 Batman Avenue, Keilor Park $296,300
5. 32 Corinella Crescent, Dallas $305,500

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS/TOWNHOUSES

1. 9/88 Clowes Street, South Yarra $885,000
2. 5/2 Irymple Avenue, St Kilda $787,000
3. 12 Angler Lane, Maribyrnong $728,000
4. 706/221 Sturt Street, Southbank $720,000
5. 3/77 Invermay Grove, Rosanna $696,000

TOP 5 BARGAIN APARTMENTS
1. 2/5 Amarina Close, Meadow Heights $240,000
2. 5/602 Bell Street, Preston $286,500
3. 2/16 Parkview Close, Dandenong $290,000
4. 6/89 Ballantyne Street, Thornbury $312,000
5. 1 Marlo Court, Broadmeadows $335,000

Get the latest auction and private sale results first from the REIV every Saturday and Sunday evening.



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AUCTION RESULTS


Results are compiled by THE REAL ESTATE INSTITUTE OF VICTORIA. Agents should supply auction and private sale data to phone: 1300 858 788 or e-mail: salesresults@reiv.com.au
 
The results do not necessarily include all auctions held yesterday or all private sales collected during the week. Contact the agents concerned for further information.
 
Monday, February 01 2010 to Sunday, February 07 2010





RESIDENTIAL AUCTION RESULTS:


ABBOTSFORD

1 Results. Click for Detail

ALBION

1 Results. Click for Detail

ALPHINGTON

1 Results. Click for Detail

ASCOT VALE

2 Results. Click for Detail

BEAUMARIS

1 Results. Click for Detail

BELMONT

1 Results. Click for Detail

BLACKBURN

1 Results. Click for Detail

BLACKBURN NORTH

1 Results. Click for Detail

BORONIA

1 Results. Click for Detail

BOX HILL

1 Results. Click for Detail

BOX HILL NORTH

1 Results. Click for Detail

BOX HILL SOUTH

1 Results. Click for Detail

BRAYBROOK

1 Results. Click for Detail

BROADMEADOWS

1 Results. Click for Detail

BRUNSWICK

1 Results. Click for Detail

BULLEEN

1 Results. Click for Detail

BUNDOORA

3 Results. Click for Detail

BURWOOD

1 Results. Click for Detail

BURWOOD EAST

2 Results. Click for Detail

CAMBERWELL

1 Results. Click for Detail

CANTERBURY

1 Results. Click for Detail

CARLTON

2 Results. Click for Detail

CHADSTONE

1 Results. Click for Detail

CHIRNSIDE PARK

1 Results. Click for Detail

COBURG

1 Results. Click for Detail

CRAIGIEBURN

1 Results. Click for Detail

CRANBOURNE

2 Results. Click for Detail

CRANBOURNE NORTH

1 Results. Click for Detail

DALLAS

1 Results. Click for Detail

DANDENONG

1 Results. Click for Detail

DOCKLANDS

1 Results. Click for Detail

DONCASTER

2 Results. Click for Detail

DONCASTER EAST

1 Results. Click for Detail

DROMANA

2 Results. Click for Detail

EDEN PARK

1 Results. Click for Detail

ELTHAM NORTH

1 Results. Click for Detail

ELWOOD

1 Results. Click for Detail

FAWKNER

2 Results. Click for Detail

FOOTSCRAY

3 Results. Click for Detail

FOOTSCRAY WEST

1 Results. Click for Detail

GEELONG NORTH

1 Results. Click for Detail

GEELONG WEST

2 Results. Click for Detail

GLEN HUNTLY

1 Results. Click for Detail

GLEN IRIS

2 Results. Click for Detail

GLEN WAVERLEY

1 Results. Click for Detail

GLENROY

4 Results. Click for Detail

HAWTHORN

2 Results. Click for Detail

HEATHERTON

1 Results. Click for Detail

HIGHTON

1 Results. Click for Detail

IVANHOE

1 Results. Click for Detail

KEILOR PARK

1 Results. Click for Detail

KENSINGTON

3 Results. Click for Detail

KEYSBOROUGH

2 Results. Click for Detail

LALOR

1 Results. Click for Detail

LILYDALE

1 Results. Click for Detail

LYNBROOK

1 Results. Click for Detail

MALVERN EAST

2 Results. Click for Detail

MANIFOLD HEIGHTS

1 Results. Click for Detail

MARIBYRNONG

4 Results. Click for Detail

MEADOW HEIGHTS

1 Results. Click for Detail

MELBOURNE

3 Results. Click for Detail

MILL PARK

1 Results. Click for Detail

MITCHAM

2 Results. Click for Detail

MORNINGTON

1 Results. Click for Detail

MOUNT ELIZA

1 Results. Click for Detail

MOUNT MARTHA

2 Results. Click for Detail

MOUNT WAVERLEY

1 Results. Click for Detail

MULGRAVE

3 Results. Click for Detail

NEWPORT

1 Results. Click for Detail

NORTH MELBOURNE

1 Results. Click for Detail

NORTHCOTE

2 Results. Click for Detail

NUNAWADING

2 Results. Click for Detail

OAKLEIGH SOUTH

1 Results. Click for Detail

OCEAN GROVE

1 Results. Click for Detail

PARKDALE

1 Results. Click for Detail

PASCOE VALE

2 Results. Click for Detail

PORTSEA

1 Results. Click for Detail

PRESTON

3 Results. Click for Detail

RESERVOIR

4 Results. Click for Detail

RICHMOND

2 Results. Click for Detail

RINGWOOD

2 Results. Click for Detail

ROSANNA

1 Results. Click for Detail

ROSEBUD

1 Results. Click for Detail

ROXBURGH PARK

1 Results. Click for Detail

SHOREHAM

1 Results. Click for Detail

SORRENTO

1 Results. Click for Detail

SOUTH MORANG

1 Results. Click for Detail

SOUTH YARRA

2 Results. Click for Detail

SOUTHBANK

1 Results. Click for Detail

SPRINGVALE

1 Results. Click for Detail

ST KILDA

3 Results. Click for Detail

STRATHMORE

1 Results. Click for Detail

SUNSHINE NORTH

2 Results. Click for Detail

SUNSHINE WEST

1 Results. Click for Detail

THOMASTOWN

3 Results. Click for Detail

THORNBURY

1 Results. Click for Detail

TULLAMARINE

1 Results. Click for Detail

VERMONT

2 Results. Click for Detail

VERMONT SOUTH

1 Results. Click for Detail

WANTIRNA SOUTH

1 Results. Click for Detail

WEST MELBOURNE

1 Results. Click for Detail

WHEELERS HILL

1 Results. Click for Detail

WILLIAMSTOWN

1 Results. Click for Detail

WONGA PARK

1 Results. Click for Detail

YARRAMBAT

1 Results. Click for Detail

YARRAVILLE

3 Results. Click for Detail


RURAL AUCTION RESULTS:


BENDIGO

2 Results. Click for Detail

ECHUCA

4 Results. Click for Detail

HEPBURN

1 Results. Click for Detail

MEREDITH

1 Results. Click for Detail

TONGALA

1 Results. Click for Detail


COMMERCIAL AUCTION RESULTS:


AVONDALE HEIGHTS

1 Results. Click for Detail

ECHUCA

3 Results. Click for Detail

 


Compiled by the Real Estate Institute of Victoria Ltd, telephone 1300 858 788, email salesresults@reiv.com.au
 
Copyright in the data is owned by The Real Estate Institute of Victoria Ltd (REIV) and is not to be re-produced, stored electronically or otherwise, or republished in any way shape or form for any purpose without prior written permission from the REIV.
 
In compiling the data in the REIV relies upon information supplied by estate agents. The data is supplied on the basis that while the REIV believes all the information in it is correct, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause and limits any liability it may have to the amount paid to the REIV for the supply of such information. The REIV data is checked for accuracy, and questionable sales results are either verified with the selling agent or discarded.

Last Updated: 7/02/2010