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Weekly Auction Results
Monday, August 18, 2008
Sunday 17th August 2008 Enzo Raimondo, CEO REIV TOTAL AUCTIONS S Sold at Auction: 207 Passed in: 154 Clearance rate: 66% Postponed: 0 PS Private Sales: 523 Total Volume (Auctions): $180.2mil Total Auctions Houses: 292 Total Auctions Flats/Apartments: 147 Total Auctions Vacant Land: 10 House Sales in Detail Flat/Apartment Sales in Detail
Buyers reacted positively to speculation about a drop in interest rates by the Reserve Bank leading to an improvement in the clearance rate at today’s Melbourne auctions. There were 449 auctions held this week of which 295 sold leading to a clearance rate of 66 per cent, up from 61 per cent last weekend. Of the 154 properties that were passed in 112 were passed in on a vendors bid. Next weekend we expect to see 515 auctions and just over 600 the weekend after.
This week: 449
Last weekend: 407
This time last year: 621
SB Sold before Auction: 78
SA Sold after Auction: 10
Passed in on vendor's bid: 112
Withdrawn: 0
Auctions with no result: 48
Total Volume (Private Sales): $198.29mil
Clearance Rate: 65%
Median Price: $555,000
Clearance Rate: 67%
Median Price: $437,250
Clearance Rate: 50%
Median Price: $282,500
TOP 5 HOUSES
1. 28 Normanby Street, Brighton $3,010,000
2. 14 Sarah Crescent, Templestowe $2,428,000
3. 53 Power Street, Hawthorn $1,980,000
4. 41 Rushall Crescent, Fitzroy North $1,850,000
5. 11 Waverley Street, Richmond $1,735,000
TOP 5 BARGAIN HOUSES
1. 18 Jean Street, Upper Ferntree Gully $155,000
2. 12 Ruyton Court, Sunbury $190,000
3. 182 Dallas Drive, Dallas $197,000
4. 156 Mount Dandenong Tourist Road, Ferny Creek $201,000
5. 27 Mount View Road, Upper Ferntree Gully $240,000
TOP 5 APARTMENTS
1. 2A Georgian Court, Balwyn $2,550,000
2. 70A Milton Parade, Malvern $1,070,000
3. 1/22 Mercer Road, Armadale $1,060,000
4. 253 Station Street, Carlton North $990,000
5. 28 Victoria Grove, Hawthorn East $880,000
TOP 5 BARGAIN APARTMENTS
1. 48/1251 Plenty Road, Bundoora $153,000
2. 2/39 Murray Street, Brunswick West $190,000
3. 3/20 Belmore Road, Sunshine North $207,000
4. 3/10 Lording Street, Ferntree Gully $246,000
5. 19/245 Williams Road, South Yarra $257,000
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