From Kew to Cranbourne, Melbourne still sitting comfortably in the 70s: REIV auction clearance rate

From Kew to Cranbourne, Melbourne still sitting comfortably in the 70s: REIV auction clearance rate
From Kew to Cranbourne, Melbourne still sitting comfortably in the 70s: REIV auction clearance rate

A clearance rate of 74% was recorded this weekend across Melbourne compared to 72% last weekend and 72% this weekend last year, according to the REIV. 

There were 1101 auctions reported to the REIV, with house prices ranging from $280,000 in Cranbourne to $4.3 million in Kew.

The REIV was expecting about 1,400 auctions in 285 suburbs. The top auction location was Brighton with 19 auctions followed by Glen Iris, Kew, Noble Park, and Richmond with 16 auctions in each.

There were over 11,400 auctions held in the September quarter 2015 and 8,672 sales, a 30 per cent increase on the same quarter last year. 

TOP 5 HOUSES

1. 11 Rowland Street, Kew $4,300,000

2. 34 Hawthorn Glen, Hawthorn $3,960,000

3. 49 William Street, Brighton $3,902,500

4. 28 Sussex Street, Brighton $3,860,000

5. 126,12A,128&128 Murrumbeena Road, Murrumbeena $3,730,000

 

TOP 5 BARGAIN HOUSES

1. 1/28 Dearing Avenue, Cranbourne $280,000

2. 13 Themeda Court, Meadow Heights $314,000

3. 27 Lillypilly Crescent, Kings Park $335,000

4. 24 Gerbert Street, Broadmeadows $354,500

5. 3/58 Fintonia Road, Noble Park $361,000

 

 

TOP 5 APARTMENTS

1. 2D Paxton Street, Malvern East $2,172,000

2. 63A Baird Street, Brighton East $1,800,000

3. 5A Ocean Street, Hampton $1,720,000

4. 92A David Street, Hampton $1,675,000

5. 12 Rosslyn Street, Hawthorn East $1,660,000

 

TOP 5 BARGAIN APARTMENTS

1. 7/1 Edney Court, Noble Park $180,000

2. 5/107 Hudsons Road, SPOTSWOOD $251,000

3. 7/40 Egan Street, Richmond $300,000

4. 3/965 Pascoe Vale Road, Jacana $305,000

5. 26/6 Francis Grove, Thornbury $310,000

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

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