Auction Results

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 450 auctions held today or which 295 sold leading to a clearance rate of 66 per cent, up from 61 per cent last weekend. Of the 155 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.

TOTAL AUCTIONS
This week: 450
Last weekend: 395
This time last year: 587

S Sold at Auction: 206
SB Sold before Auction: 79
SA Sold after Auction: 10

Passed in: 155
Passed in on vendor’s bid: 112

Clearance rate: 66%

Postponed: 0
Withdrawn: 0
Auctions with no result: 48

PS Private Sales: 518

Total Volume (Auctions): $176.12mil
Total Volume (Private Sales): $195.99mil

Total Auctions Houses: 292
Clearance Rate: 66%
Median Price: $552,000

Total Auctions Flats/Apartments: 148
Clearance Rate: 66%
Median Price: $438,500

Total Auctions Vacant Land: 10
Clearance Rate: 50%
Median Price: $282,500

House Sales in Detail
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

Flat/Apartment Sales in Detail
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

more