As we move toward the end of the year for 2014 and welcome the new year 2015, it is easy to reflect and assess at a glance that the Melbourne property market has been achieving consistent and strong results for sellers, though the buyers have equally been successful, being able to secure great purchase results that promise good capital growth potential and rental yield.
Category: General
Posted by: Mark
LATEST SALES & AUCTION RESULTS – MONDAY 15TH DECEMBER – SUNDAY 21ST DECEMBER
A clearance rate of 68 per cent was recorded this weekend compared to 68 per cent last weekend and 67 per cent this weekend last year. There were 480 auctions reported to the REIV this weekend, with 326 selling and 154 being passed in, 65 of those on a vendor bid. This weekend concludes the strongest year for the auction market. There have been more than 40,300 auctions held over 2014 with over 28,500 selling, about 17 per cent higher than in 2013. The auction market will now take a break until the end of January, with the next big auction weekend scheduled in February 2015.
VIC AUCTION RESULTS:
SNAPSHOT
68%
Clearance Rate
480
Reported Auctions
Last week: 1468
This week last year: 468
| Sold prior to auction: | 73 | Passed in: | 154 |
| Sold at auction: | 249 | Passed on vendor’s bid: |
65 |
| Sold after auction: | 4 | ||
| Withdrawn: | 18 | ||
| Total Volume: $216.48mil | Postponed: | 13 | |
| No Result: | 119 | ||
HOUSE:
Total Auction Houses: 321
74%
Clearance Rate
Median Price : $665,000
Top 5 Houses
78 Wattle Rd HAWTHORN $3,160,000
413-414 Esplanade MOUNT MARTHA $2,350,000
18 Montclair Av GLEN WAVERLEY $2,055,000
6 Tovey St BALWYN NORTH $1,900,000
170 Gordon St BALWYN $1,850,000
Top 5 Bargain Houses
13 Lipton Dr FRANKSTON $290,000
6 Stanley Ct HOPPERS CROSSING $300,000
36 Wattleglen St CRAIGIEBURN $311,500
11 Sarah Ct SOUTH MORANG $321,000
3 Barclay St ALBION $321,500
PRIVATE SALE:
450
Private Sales
Total Volume: $286.32mil
FLATS AND APARTMENTS:
Total Auction Flats/Apartments: 147
56%
Clearance Rate
Median Price: $520,000
Top 5 Flats/Apartments
19 Leckie St BENTLEIGH $1,255,000
18A Abbin Av BENTLEIGH EAST $1,112,000
1/573 Toorak Rd TOORAK $1,091,000
2/203 Gertrude St FITZROY $1,001,000
1/25 Gladwyn Av BENTLEIGH EAST $890,000
Top 5 Bargain Flats/Apartments
12/44-46 Mary St PRESTON $280,000
22/2 Horizon Dr MARIBYRNONG $300,000
1/18 Barry St RESERVOIR $309,000
5/13 Harold St THORNBURY $310,000
5A Rocklands Rise MEADOW HEIGHTS $315,000
VACANT LAND:
Total Auction Vacant Land: 11
n/a
Clearance Rate
Median Price: $457,500
Vacant Land Sales
35 Stanley Cr MOUNT MARTHA $500,000
25 Perisher Dr CRAIGIEBURN $258,000
Supportive information source: REIV LATEST SALES & AUCTION RESULTS – MONDAY 15TH DECEMBER – SUNDAY 21ST DECEMBER
