Balwyn North - the weekend's busiest auction suburb with plentiful buyers biting

Balwyn North - the weekend's busiest auction suburb with plentiful buyers biting
Balwyn North - the weekend's busiest auction suburb with plentiful buyers biting

A clearance rate of 79 per cent was recorded across Melbourne on the weekend compared to 79 per cent last weekend and 72 per cent on this weekend last year.

There were 850 auctions reported to the REIV.  

The REIV was expecting about 1,020 auctions across 258 suburbs on the weekend.

Last year there were 809 listings with a 72% success rate.

The top auction locations were Balwyn North (19 auctions), Richmond (16 auctions) and St Kilda (15 auctions). 

There were at least 15 sales secured at Balwyn North, including the third highest across Melbourrne. 

That $2.92 million Balwyn North sale (below) was on offer for the first time in over 50 years. There were five bidders.

37 Hosken Street Balwyn North VIC 3104 Real Estate Photo 6

"Seize a rare opportunity to lock in a rewarding future for your family," the Fletcher's marketing said.

The classic solid brick home, positioned on 1155 square metres on the high side of Hosken Street, sits within the renowned Balwyn High School zone.

It was abled to be subdivided and utilised for a dual townhouse development, agent Daiman Kane said. He told Property Observer the buyer will seek to subdivide. 

The Melbourne clearance rate for the year, prior to June 19, was 78 per cent compared to 71 per cent the same time last year.

TOP 5 HOUSES

1. 47 Erica Avenue, Glen Iris $3,650,000
2. 11 Bristol Street, Surrey Hills $3,580,000
3. 11 Fernhurst Drive, Glen Waverley $3,450,000
4. 37 Hosken Street, Balwyn North $2,920,000
5. 20 Victoria Street, Box Hill $2,880,000

TOP 5 BARGAIN HOUSES

1. 25 Ardent Court, Hastings $190,000
2. 4 Radiata Street, Frankston North $260,250
3. 138 Coburns Road, Melton $275,000
4. 12 Moe Court, Dallas $282,000
5. 72 Roberston Drive, Mornington $306,000

TOP 5 APARTMENTS

1. 143/85 Rouse Street, Port Melbourne $2,280,000
2. 1/9 Stanley Street, Brighton $2,265,000
3. 1/31B Nepean Highway, Aspendale $1,860,000
4. 2/65 Tramway Parade, Beaumaris $1,510,000
5. 3/111 Wattle Valley Road, Camberwell $1,410,000

TOP 5 BARGAIN APARTMENTS

1. 20/287-293 Exhibition Street, Melbourne $195,000
2. 7/20 Sandown Road, Ascot Vale $206,000
3. 17/6 Mayston Street, Hawthorn East $220,000
4. 14/550 Moreland Road, Brunswick West $225,000
5. 7/1A Wilkinson Street, Reservoir $251,000

Source REIV

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Auctions Melbourne

Comments

Be the first one to comment on this article
What would you like to say about this project?