September 3, 2010

Becton offered a way out

TROUBLED Melbourne property group Becton has been thrown a lifeline.

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Becton offered a way out

Housing’s top performer falters

A SLOWDOWN is emerging in Melbourne’s property market, with home prices falling more than 1 per cent during the three months to July

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Housing’s top performer falters

Melbourne Auction Results

Offered for sale for the first time in 55 years, the property fetched what could be a record price for the suburb, with two bidders at auction and sold for $4.3 million, above a reserve of $3.5 million.
The highs and lows of the Melbourne weekend property market

Melbourne Auction Results REIV

This week: 687

Last weekend: 343

This time last year: 665

S Sold at Auction: 415

SB Sold before Auction: 72

SA Sold after Auction: 1

Passed in: 199

Passed in on vendor’s bid: 130

Clearance rate: 71%

Postponed: 2

Withdrawn: 0

Auctions with no result: 75

PS Private Sales: 622

Total Volume (Auctions): $366.23mil

Total Volume (Private Sales): $300.69mil

Total Auctions Houses: 474

Clearance Rate: 70%

Median Price: $697,500

Total Value: $274,686,082

Total Auctions Flats/Apartments: 205

Clearance Rate: 73%

Median Price: $516,000

Total Value: $89,327,605

Total Auctions Vacant Land: 8

Clearance Rate: 62%

Median Price: $365,000

Total Value: $2,213,000

House Sales in Detail

TOP 5 HOUSES

1. 59 Studley Road, Ivanhoe $4,300,000

2. 61 Brougham Street, Eltham $3,000,000

3. 31 Arkaringa Crescent, Black Rock $1,965,000

4. 31 Hawksburn Road, South Yarra $1,951,000

5. 42 Foote Street, Brighton $1,830,000

TOP 5 BARGAIN HOUSES

1. 49 Stewart Crescent, Rockbank $237,000

2. 26 Oakwood Road, Albanvale $243,500

3. 21 Christina Crescent, Kurunjang $272,000

4. 7 Mathisen Terrace, Hillside $310,000

5. 2 Darling Way, Narre Warren $310,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 2/589A Toorak Road, Toorak $1,414,000

2. 51 Glass Street, Richmond $1,310,000

3. 305/2 Pier Street, Port Melbourne $1,225,000

4. 5 Morley Street, Port Melbourne $1,105,000

5. 1/37 Rowell Avenue, Camberwell $1,090,000

TOP 5 BARGAIN APARTMENTS

1. 2/4 Fourth Avenue, Rosebud $187,500

2. 4/23A Becket Street South, Glenroy $245,000

3. 7/36 Hampton Parade, West Footscray $260,000

4. 18/40 Waterloo Crescent, St Kilda $262,500

5. 7 Hopetown Street, Moonee Ponds $295,000

Get the latest auction and private sale results from the REIV.

Former 3AW Headquarters Set to Become Skyscraper

SOUTH Melbourne’s next skyscraper will rise from the former headquarters of radio stations 3AW693 and Magic1278. Kingsford Property has just started marketing apartments within a new 15-level development, Aero, this …

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Former 3AW Headquarters Set to Become Skyscraper

Trafalgar Corporate to sell Melbourne broadcast centre to Seven Network

Trafalgar Corporate Group (TGP), a property investment and funds management group, has exchanged unconditional contracts for the sale of Melbourne broadcast centre to Seven Network Limited, a …

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Trafalgar Corporate to sell Melbourne broadcast centre to Seven Network

Goodman buys Moorabbin airport, park

COMMERCIAL property investor Goodman Group says it plans to buy Moorabbin airport and business park in Melbourne for $201.5 million.

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Goodman buys Moorabbin airport, park

Goodman to buy Moorabbin airport, park

COMMERCIAL property investor Goodman Group says it plans to buy Moorabbin airport and business park in Melbourne for $201.5 million.

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Goodman to buy Moorabbin airport, park

July property sales reveal "two-speed" market

Staff Reporter Australia is in a “two-speed property market” with continuing strong demand in Melbourne and Sydney but uncertainty elsewhere, according to real estate group Ray White.

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July property sales reveal "two-speed" market

Melbourne Auction Results REIV

Saturday August 14th 2010

This week: 519
Last Weekend: 507
This time last year: 493

S Sold at Auction: 305
SB Sold before Auction: 47
SA Sold after Auction: 2

Passed in: 165
Passed in on vendor’s bid: 93

Clearance rate: 68%

Postponed: 2

Withdrawn: 2

Auctions with no result: 74

PS Private Sales: 543

Total Volume (Auctions): $250.25mil

Total Volume (Private Sales): $254.74mil

Total Auctions Houses: 344

Clearance Rate: 69%

Median Price: $715,000

Total Value: $183,921,600

Total Auctions Flats/Apartments: 164

Clearance Rate: 66%

Median Price: $510,000

Total Value: $61,518,000

Total Auctions Vacant Land: 10

Clearance Rate: 60%

Median Price: $437,500

Total Value: $2,794,000

House Sales in Detail

TOP 5 HOUSES

1. 5 Callantina Road, Hawthorn $3,330,000

2. 12 Springfield Avenue, Toorak $2,485,000

3. 8 Pine Grove, Malvern $2,155,000

4. 19 Chatfield Avenue, Balwyn $2,100,000

5. 1447 Burke Road, Kew East $1,902,000

TOP 5 BARGAIN HOUSES

1. 104 Melbourne Road, Norlane $247,000

2. 4 Armoy Close, Cranbourne $271,000

3. 26 Norval Crest, Coolaroo $291,000

4. 18 Irvine Street, Deer Park $300,000

5. 20 Irvine Street, Deer Park $300,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 72/1 Albert Road, Melbourne $1,500,000

2. 97 Mitford Street, Elwood $1,425,000

3. 4A Clarendon Street, Armadale $1,325,000

4. 3/72 Glyndon Road, Camberwell $1,200,000

5. 14 Edina Close, Port Melbourne $1,200,000

TOP 5 BARGAIN APARTMENTS

1. 33/115-119 Kororoit Creek Road, Williamstown $250,000

2. 1/245 Hotham Street, Ripponlea $322,500

3. 9/14 Eldridge Street, Footscray $326,000

4. 23 Loxton Terrace, Epping $337,000

5. 5/79 Pultney Street, Dandenong $340,000

Get the latest auction and private sale results from the REIV.