In a pleasing weekend for home sellers, demand held strong despite what was expected to be the busiest weekend for auctions this year.
This has been the trend over the last eight months. Week in week out demand has held strong, competition between bidders has been high and good results have been achieved.
The clearance rate this weekend was 81 per cent, the 30th time it has been 80 per cent or more in the past 31 weeks.
There were a total of 1057 auction results reported this weekend, of which a total of 859 sold and 198 were passed in, 119 of those on a vendors bid.
The total volume in dollar terms was $963.62 million, of those $600.34 million were recorded in auction sales alone.
There were 724 private sales reported.
The last auction weekend of the year will see nearly 600 auctions next weekend.
TOTAL AUCTIONS
This week: 1057
Last weekend: 876
This time last year: 659
S Sold at Auction: 706
SB Sold before Auction: 146
SA Sold after Auction: 7
Passed in: 198
Passed in on vendor’s bid: 119
Clearance rate: 81%
Postponed: 0
Withdrawn: 0
Auctions with no result: 92
PS Private Sales: 724
Total Volume (Auctions): $600.34mil
Total Volume (Private Sales): $363.28mil
Total Auctions Houses: 686
Clearance Rate: 81%
Median Price: $655,000
Total Auctions Flats/Apartments: 346
Clearance Rate: 83%
Median Price: $500,000
Total Auctions Vacant Land: 23
Clearance Rate: 70%
Median Price: $527,500
House Sales in Detail
TOP 5 HOUSES
1. 23 Albert Street, Brighton $2,750,000
2. 67 Bowen Street, Camberwell $2,410,000
3. 24 Christowel Street, Camberwell $2,305,000
4. 16 Wellington Street, Brighton $2,300,000
5. 3 Rubens Grove, Canterbury $2,070,000
TOP 5 BARGAIN HOUSES
1. 14 Lincoln Way, Melton West $188,500
2. 9 Phillip Street, Melton South $236,000
3. 586 High Street, Melton West $266,000
4. 25 Glenrobe Street, Deer Park $270,000
5. 79 O’Neills Road, Melton $270,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3702/90 Lorimer Street, Docklands $1,580,000
2. 73 Victoria Street, Williamstown $1,480,000
3. 74 Spray Street, Elwood $1,440,000
4. 870 Hampton Street, Brighton $1,210,000
5. 4/404 Toorak Road, Toorak $1,200,000
TOP 5 BARGAIN APARTMENTS
1. 16/1 Acland Street, St Kilda $209,000
2. 8/27 The Grove , Coburg $212,000
3. 4/46 Kingsville Street, Kingsville $230,000
4. 4/230 Ascot Vale Road, Ascot Vale $239,500
5. 9/556 Moreland Road, Brunswick West $250,000
Tags: Auction results, Melbourne CBD Real Estate, Melbourne house prices, Melbourne real estate
