Melbourne auction clearance rate slips into high 60s: REIV

Melbourne auction clearance rate slips into high 60s: REIV
Melbourne auction clearance rate slips into high 60s: REIV

A clearance rate of 67 per cent was recorded in Melbourne on the weekend compared to the revised 69 per cent last weekend and 67 per cent on the same weekend last year.

There were 433 auctions reported to the REIV, the last Saturday in October.

The REIV had been expecting about 620 auctions in 262 suburbs.

The busiest auction locations were Reservoir with 19 auctions, followed by Glen Waverley and KEYSBOROUGH with 10 auctions in each.

The scheduled 620 auctions ranked as the highest ever for any Melbourne Cup Day weekend and more than double the number of auctions held last year.

More than 5,000 auctions are scheduled for November and expected to be the biggest auction month of the year, the REIV chief Enzo Raimondo said.

TOP 5 HOUSES

1. 13 Boston Road, BALWYN $3,258,000
2. 406 & 408 Riversdale Road, Hawthorn East $3,055,000
3. 11 Peel Street, Newport $1,960,000
4. 22 Dundee Avenue, CHADSTONE $1,890,000
5. 5 Valley Road, Mount Waverley $1,850,000


TOP 5 BARGAIN HOUSES

1. 8 Orville Street, Coolaroo $283,000
2. 28 Koroit Avenue, Dallas $325,000
3. 19 Second Avenue, Craigieburn $335,000
4. 13 Myhaven Circuit, Carrum Downs $367,000
5. 15 Koonalda Grove, Dandenong North $380,000

TOP 5 APARTMENTS

1. 14 Teddington Road, Hampton $1,560,000
2. 2/2 Lindsay Street, Brighton $1,250,000
3. 1/7 Bebs Court, TEMPLESTOWE $1,062,500
4. 2/3-5 Omar Street, TEMPLESTOWE Lower $865,000
5. 2/635 Hampton Street, Brighton $865,000

TOP 5 BARGAIN APARTMENTS

1. 13/12 Schofield Street, Essendon $285,000
2. 11 Johnson Street, Moonee Ponds $293,500
3. 1/9 Asquith Street, Reservoir $303,000
4. 10/61 Wests Road, Maribyrnong $330,000
5. 7/108 Murrumbeena Road, Murrumbeena $333,500

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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