Southbank reigns as more super Satuday's coming in October: REIV

Southbank reigns as more super Satuday's coming in October: REIV
Southbank reigns as more super Satuday's coming in October: REIV

Melbourne notched up a clearance rate of 74% on the weekend compared to 70% the same weekend last year. 

There were 1113 auctions reported to the REIV, with two consecutive super Saturday weekends scheduled for the coming fortnight, the REIV chief Enzo Raimondo noting.

The median house price sale was $877,500 and the median unit price sold at weekend auction was $605,000.

A Toorak house topped the weekend results at $6.5 million with a Southbank offering the top apartment sale at $2.05 million. More than $1.9 million had been tipped for 1706/26 Southgate Avenue, Southbank, with 164 sqm in Quay West. It first sold at $715,000 in 1996 off the plan, setting in 1999 on completion.

TOP 5 HOUSES

1. 25 Wallace Avenue, Toorak $6,500,000

2. 4 Crossakiel Court, Hawthorn $3,560,000

3. 371 Belmore Road, Balwyn North $3,200,000

4. 40 Kerrie Road, Glen Waverley $3,050,000

5. 38 Hood Street, Balwyn North $3,020,000

 

TOP 5 BARGAIN HOUSES

1. 12 Echuca Street, Dallas $301,000

2. 62 Willora Crescent, Cranbourne West $305,000

3. 16 Rosedale Crescent, Dallas $312,000

4. 20 Rosedale Crescent, Dallas $315,000

5. 1/12 Eureka Court, Kings Park $320,000

 

Flat/Apartment Sales in Detail

 

TOP 5 APARTMENTS

1. 1706/26 Southgate Avenue, Southbank $2,050,000

2. 2 Peacock Street, Brighton $1,840,000

3. 5B Elizabeth Street, Brighton East $1,520,000

4. 4/32 Bourke Street, Melbourne $1,470,500

5. 2/38 Aylmer Street, Balwyn North $1,355,000

 

TOP 5 BARGAIN APARTMENTS

1. 3/780 Warrigal Road, Malvern East $200,500

2. 2/28 Codrington Street, Cranbourne $220,000

3. 104/51 Rathdowne Street, Carlton $236,500

4. 2/50 Tranmere Avenue, Carnegie $265,000

5. 4/243 Gower Street, Preston $271,000

 

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: 
Property market Residential Sales

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