Melbourne clearance rates bettering August 2015: REIV

Melbourne clearance rates bettering August 2015: REIV
Melbourne clearance rates bettering August 2015: REIV

Melbourne secured a 79% weekend clearance rate compared to 77% last weekend and 72% this weekend last year.

There were 872 auctions reported to the REIV on the second weekend of August.

There were about 2,700 auctions in the month of July, with 77% selling.

"This is up 14% from the same time last year, with auction sales also notably higher (up 22%) in comparison to July 2014," REIV's Enzo Raimondo noted.

The top sale was a three house offering in Kew through Jellis Craig.

TOP 5 HOUSES

1. 41 Atkins Street, Kew $4,325,000

2. 26 Maleela Avenue, Balwyn $4,040,000

3. 2-4 Delmore Crescent, Glen Waverley $3,458,000

4. 93 Wattletree Road, Armadale $3,000,000

5. 9 Renwick Street, Glen Iris $2,875,000

 

TOP 5 BARGAIN HOUSES

1. 11 Drouin Street, Dallas $260,000

2. 64 Barries Road, Melton $285,000

3. 25 Wattleglen Street, Craigieburn $305,000

4. 11 Matthews Court, Pakenham $311,000

5. 2 Charlton Street, Broadmeadows $321,000

 

TOP 5 APARTMENTS

1. 98 Orlando Street, Hampton $2,850,000

2. 100 Orlando Street, Hampton $2,590,000

3. 48/350 Beaconsfield Parade, St Kilda $2,020,000

4. 3/31B Nepean Highway, Aspendale $1,650,000

5. 1/58 Grange Road, Sandringham $1,282,000

 

TOP 5 BARGAIN APARTMENTS

1. C16/1-5 Grantham Street, Brunswick West $165,000

2. 2/6-7 Coventry Place, Melton $197,000

3. 16/16 Eastcote Street, Sunshine North $265,000

4. 3/5 Empire Street, Footscray $270,000

5. 29/34-42 Hanna Street, Noble Park $291,000

Source REIV

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Melbourne Sales

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