MARKET UPDATES

Auction Results


Saturday 14th & Sunday 15th December 2013

A clearance rate of 68 per cent was recorded  compared to 64 per cent last weekend and 59 per cent this weekend last year.
There were 1517 auctions reported to the REIV, with 1036 selling and 481 being passed in, 250 of those on a vendor bid.
The REIV collected 97% of auction results last weekend with a total of 1617 results including 23 postponed and 77 withdrawn.
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Enzo Raimondo
CEO REIV


RESIDENTIAL
S Sold at Auction: 821
SB Sold before Auction: 212
SA Sold after Auction: 3Passed in: 481
Passed in on vendor’s bid: 250Clearance rate: 68%
TOTAL AUCTIONS
This week: 1517
This weekend last month: 1184
This weekend last year: 930
CLEARANCE RATES
Weekend: 68%
This weekend last month: 70%
This weekend last year: 59%Postponed: 23
Withdrawn: 77
Auctions with no result: 45

PS Private Sales: 525

Total Volume (Auctions): $733.05mil
Total Volume (Private Sales): $256.8mil

Total Auctions Houses: 1028
Clearance Rate: 69%
Median Price: $700,000
Total Value: $548,857,427

Total Auctions Flats/Apartments: 446
Clearance Rate: 66%
Median Price: $520,000
Total Value: $159,412,799

Total Auctions Vacant Land: 37
Clearance Rate: 65%
Median Price: $551,000
Total Value: $19,861,500
TOP 5 HOUSES
1. 49 York Street, St Kilda West $4,000,000
2. 28 Walpole Street, Kew $2,870,000
3. 23 Jacksons Road, Mount Eliza $2,850,000
4. 29 Bayview Crescent, Black Rock $2,785,000
5. 136 Rathmines Road, Hawthorn East $2,525,000
TOP 5 BARGAIN HOUSES
1. 40 Gosford Crescent, Broadmeadows $187,000
2. 1 Roberts Crescent, Sunshine West $265,000
3. 51 Wyndham Street, Werribee $270,000
4. 6 Rokewood Crescent, Meadow Heights $285,500
5. 16 Robjant Street, Hampton Park $290,000
TOP 5 APARTMENTS
1. 2/131 Hotham Street, East Melbourne $2,400,000
2. 41/85 Rouse Street, Port Melbourne $1,525,000
3. 1B Grant Street, Fitzroy North $1,333,500
4. 3 Birch Square, Richmond $1,267,000
5. 2/71 Roslyn Street, Brighton $1,225,000
TOP 5 BARGAIN APARTMENTS
1. 4/49 Heather Grove, Springvale $160,000
2. 20/57 Dover Street, Flemington $220,000
3. 18/146 Power Street, Hawthorn $295,000
4. 3/95 Victoria Street, Flemington $303,000
5. 13/37 Greville Street, Prahran $306,000

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