Less than 2% annual price growth as Andrew Denton and Jennifer Byrne secure Melbourne auction sale
A strong clearance rate of 80% was recorded at Melbourne auction, after 905 auctions were reported to the REIV.
It compared to 69% this weekend last year.
The highest sale reported to the REIV was $4.21 million in Albert Park, with whispers it sold to the neighbouring BRW Rich Lister Geoff Harris.
There was a total volume of $642 million with the 83% success rate for houses triggering an $839,000 median house price sale, according to REIV chief Enzo Raimondo.
The clearance rate for apartments was 74% with a median $616,000 price.
Unreported sales included $2,565,000 for the Wayne Gillespie-designed Toorak house of the Sydney-based TV presenters Andrew Denton and Jennifer Byrne.
Fairfax Media reported it had last sold at $2.35 million in 2010, reflecting less than 2% annual price growth. There were four bidders after the opening $2.2 million offer.
The four-bedroom house at 24 Woodside Crescent (pictured above) was listed through Kay & Burton. It sits in a cul-de-sac with a pool and European-inspired terrace.
It was briefly advertised for rent at $1700 a week in May last year.
Another Toorak home, also bought in 2010 was sold at weekend auction for $4.6 million, having been bought for $3.79 million at 7 Power Avenue.
The Georgian-style, three-storey house at 7 Power Avenue was first sold by Neil and Nada Youren at $1.25 million, the top sale at the weekend when it was offered in 1995. The 772 square metre block cost $500,000 in 1994.
The most popular suburbs for auctions across Melbourne were South Yarra, Preston, Reservoir, Cheltenham, Brunswick and Glen Waverley this weekend.
REIV TOP 5 HOUSES
1. 67 St Vincent Place, Albert Park $4,210,000
2. 23 Orrong Road, Elsternwick $3,010,000
3. 9 Glenview Avenue, Malvern $2,990,000
4. 37 Hopetoun Avenue, Canterbury $2,830,000
5. 81 Bogong Avenue, Glen Waverley $2,510,000
REIV TOP 5 BARGAIN HOUSES
1. 2 Chelmsford Crescent, St Albans $300,000
2. 13 Photinia Street, Doveton $302,000
3. 28 Welwyn Parade, Deer Park $313,000
4. 19 Deveney Street, Pakenham $315,000
5. 3 Eugenia Street, Doveton $320,500
REIV TOP 5 APARTMENTS
1. 2/27 Darling Street, South Yarra $2,175,000
2. 3B Bryson Avenue, Brighton $2,115,000
3. 32A Sunlight Crescent, Brighton East $1,755,000
4. 20 Waverly Street, Sandringham $1,677,000
5. 10A Butler Street, Camberwell $1,485,000
REIV TOP 5 BARGAIN APARTMENTS
1. 4/6 Mayston Street, Hawthorn East $201,000
2. 5/6 Mayston Street, Hawthorn East $230,000
3. 36A Windrock Avenue, Craigieburn $236,000
4. 180A Grand Boulevard, Craigieburn $242,500
5. 36 Windrock Avenue, Craigieburn $257,000
Source REIV