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Auction Results

Saturday 13th September & Sunday 14th September 2014

House with auction sign

A clearance rate of 75 per cent was recorded this weekend compared to 76 per cent last weekend and 74 per cent this weekend last year.

There were 818 auctions reported to the REIV this weekend, with 617 properties selling and 201 being passed in, 91 of those on a vendor bid.

Forward estimates indicate that there will close to 3,000 auctions for the month of September, which would surpass last year’s 2,463 auctions. So far this year, the eastern suburbs have achieved the highest clearance rates, particularly in suburbs such as Bayswater (93%), Wantirna (92%), and Croydon South (90%).

Enzo Raimondo
CEO REIV


S Sold at Auction: 523
SB Sold before Auction: 94
SA Sold after Auction: 0

Passed in: 201
Passed in on vendor's bid: 91

Clearance rate: 75%

TOTAL AUCTIONS
This week: 818
Yesterday: 18
Last Sunday: 17
This weekend last month: 693
This weekend last year: 916

CLEARANCE RATES:
Weekend: 75%
Yesterday: 83%
Last Sunday: 71%
This weekend last month: 72%
This weekend last year: 74%

Postponed: 14
Withdrawn: 10
Auctions with no result: 158

PS Private Sales: 368

Total Volume (Auctions): $520.16mil
Total Volume (Private Sales): $198.72mil

Total Auctions Houses: 546
Clearance Rate: 79%
Median Price: $850,000
Total Value: $409,748,750

Total Auctions Flats/Apartments: 258
Clearance Rate: 68%
Median Price: $560,000
Total Value: $100,860,150

Total Auctions Vacant Land: 13
Clearance Rate: 69%
Median Price: $515,000
Total Value: $4,940,500

TOP 5 HOUSES
1. 97 Winmalee Road, Balwyn $3,155,000
2. 222 Esplanade West, Port Melbourne $2,920,000
3. 336 Burnley Street, Richmond $2,544,000
4. 25-27 Wellington Avenue, Beaumaris $2,460,000
5. 44 Story Street, Parkville $2,340,000
TOP 5 BARGAIN HOUSES
1. 19 Tulloch Avenue, Kurunjang $178,000
2. 162 Mcgrath Road, Wyndham Vale $235,500
3. 78 Greenwood Drive, Carrum Downs $236,000
4. 2 Benalla Street, Dallas $283,500
5. 3 Maple Court, Campbellfield $305,000

TOP 5 APARTMENTS
1. 17B Draper Street, Mckinnon $1,200,000
2. 17A Draper Street, Mckinnon $1,176,000
3. 8D John Street, Ivanhoe $1,120,000
4. 4/11 Yarrbat Avenue, Balwyn $1,120,000
5. 25A Beddoe Avenue, Brighton East $1,100,000
TOP 5 BARGAIN APARTMENTS
1. 2 Hermione Terrace, Epping $220,000
2. 2A Hermione Terrace, Epping $220,000
3. 5/3 Mclennan Place, Preston $273,000
4. 1/39 Myrnong Crescent, Ascot Vale $284,000
5. 30/181 Geelong Road, Seddon $285,000

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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