Sunday 3 May 2009
The clearance rate from this weekend's 388 reported auctions was 77 per cent, a result that indicates strong underlying demand due to improved affordability, increasing population and generous grants for first home buyers.
There were 388 auctions reported this weekend, of which 300 sold and 88 were passed in, 54 of those on a vendor bid.
Over the next three weekends, there will be plenty of choice for buyers as the REIV expects just under 500 auctions each weekend.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 388
Last weekend: 165
This time last year: 870
Last weekend: 165
This time last year: 870
S Sold at Auction: 237
SB Sold before Auction: 60
SA Sold after Auction: 3
SB Sold before Auction: 60
SA Sold after Auction: 3
Passed in: 88
Passed in on vendor's bid: 54
Passed in on vendor's bid: 54
Clearance rate: 77%
Postponed: 0
Withdrawn: 0
Auctions with no result: 28
Withdrawn: 0
Auctions with no result: 28
PS Private Sales: 1000
Total Volume (Auctions): $162.65mil
Total Volume (Private Sales): $409.38mil
Total Volume (Private Sales): $409.38mil
Total Auctions Houses: 247
Clearance Rate: 78%
Median Price: $535,500
Clearance Rate: 78%
Median Price: $535,500
Total Auctions Flats/Apartments: 123
Clearance Rate: 80%
Median Price: $441,000
Clearance Rate: 80%
Median Price: $441,000
Total Auctions Vacant Land: 18
Clearance Rate: 50%
Median Price: $322,500
Clearance Rate: 50%
Median Price: $322,500
House Sales in Detail
TOP 5 HOUSES
1. 15 Margarita Street, Hampton $1,900,000
2. 38 Wellington Street, Flemington $1,750,000
3. 77 Esplanade, Altona $1,610,000
4. 86 The Eyrie, Eaglemont $1,607,500
5. 503 The Boulevard, Ivanhoe East $1,410,000
1. 15 Margarita Street, Hampton $1,900,000
2. 38 Wellington Street, Flemington $1,750,000
3. 77 Esplanade, Altona $1,610,000
4. 86 The Eyrie, Eaglemont $1,607,500
5. 503 The Boulevard, Ivanhoe East $1,410,000
TOP 5 BARGAIN HOUSES
1. 59 Murray-Anderson Road, Rosebud $220,000
2. 46 Jacana Drive, Carrum Downs $237,500
3. 5 Claredale Road, Doveton $245,000
4. 25 Katunga Crescent, Broadmeadows $251,000
5. 105 Kingsway Drive, Lalor $257,000
1. 59 Murray-Anderson Road, Rosebud $220,000
2. 46 Jacana Drive, Carrum Downs $237,500
3. 5 Claredale Road, Doveton $245,000
4. 25 Katunga Crescent, Broadmeadows $251,000
5. 105 Kingsway Drive, Lalor $257,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3/4 Brookville Road, Toorak $1,420,000
2. 234/55 Victoria Harbour Promenade, Docklands $1,085,000
3. 6/16 Bona Vista Avenue, Surrey Hills $837,000
4. 60/211 Wellington, East Melbourne $705,000
5. 6/31 Oliver Road, Templestowe $670,000
1. 3/4 Brookville Road, Toorak $1,420,000
2. 234/55 Victoria Harbour Promenade, Docklands $1,085,000
3. 6/16 Bona Vista Avenue, Surrey Hills $837,000
4. 60/211 Wellington, East Melbourne $705,000
5. 6/31 Oliver Road, Templestowe $670,000
TOP 5 BARGAIN APARTMENTS
1. 10/28 Spring Street, Thomastown $232,500
2. 12/15 Kemp Street, Thornbury $237,000
3. 10/612 Moreland Road, Brunswick West $237,500
4. 6/39-41 Ligar Street, Sunbury $240,000
5. 7/7-9 Ann Street, Windsor $241,000
1. 10/28 Spring Street, Thomastown $232,500
2. 12/15 Kemp Street, Thornbury $237,000
3. 10/612 Moreland Road, Brunswick West $237,500
4. 6/39-41 Ligar Street, Sunbury $240,000
5. 7/7-9 Ann Street, Windsor $241,000