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The Adventure Starts Here

combination of a lower number of auctions than in previous years and recent reductions in interest rates has helped to ensure a healthy number of buyers competing at auctions this weekend, with a clearance rate of 77 per cent being achieved. There were 436 auctions reported this weekend, with 337 selling and 99 being passed in, of which 70 were passed in on a vendor bid.

Next weekend there will be plenty of choice for buyers, with around 650 auctions expected to be held.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS
This week: 436
Last week: 246
Last year: 1146

S Sold at Auction: 245
SB Sold before Auction: 89
SA Sold after Auction: 3

Passed in: 99
Passed in on vendor’s bid: 70

Clearance rate: 77%

Postponed: 1
Withdrawn: 1
Auctions with no result: 37

PS Private Sales: 725

Total Volume (Auctions): $207.11mil
Total Volume (Private Sales): $288.9mil

Total Auctions Houses: 306
Clearance Rate: 74%
Median Price: $610,000

Total Auctions Flats/Apartments: 123
Clearance Rate: 86%
Median Price: $495,000

Total Auctions Vacant Land: 7
Clearance Rate: 57%
Median Price: $260,000

House Sales in Detail
TOP 5 HOUSES
1. 11 Clark Road, Ivanhoe $2,750,000
2. 4 Docrell Lane, Portsea $2,400,000
3. 3 Pollington Street, St Kilda $2,200,000
4. 7 Canberra Grove, Malvern $1,900,000
5. 15 Sidwell Avenue, St Kilda East $1,615,000
TOP 5 BARGAIN HOUSES
1. 302 Skye Road, Frankston $245,000
2. 18 Martin Street, Rosebud $263,000
3. 128 Roycroft Avenue, Mill Park $271,000
4. 26 Alamein Road, Heidelberg West $287,000
5. 3 Barrington Crescent, Gladstone Park $301,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 155/28 Southgate Avenue, Southbank $1,600,000
2. 13 Morley Street, Port Melbourne $1,034,500
3. 2 Edward Street, Kew $1,010,000
4. 34 Nelson Street, Sandringham $850,000
5. 128A Thomas Street, Brighton East $825,000
TOP 5 BARGAIN APARTMENTS
1. 2/440 Albion Street, Brunswick West $198,500
2. 3/2 Chelsey Street, Ardeer $225,000
3. 4/67 Scott Street, Dandenong $230,000
4. 3/44 Noble Street, Noble Park $235,000
5. 18A Shaw Street, Fawkner $248,000

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