Flemington one bedder comes in as Melbourne's cheapest: REIV

Flemington one bedder comes in as Melbourne's cheapest: REIV
Flemington one bedder comes in as Melbourne's cheapest: REIV

There were 953 auctions reported to the REIV on the weekend, with a clearance rate of 71% compared to 68% last weekend and 64% the same weekend last year.

The cheapest weekend sale was a $250,000 one bedroom apartment in Flemington. It was marketed with conservative $200,000 to $220,000 price guidance through Nathan Robinson at Brad Teal Real Estate.

It last sold at $196,000 in 2005. It had been listed earlier this year with private treaty $270,000 to $290,000 hopes unsuccessfully.

It was last available for rent in 2013 at a $250 a week asking rental.

Sales of other one bedrooms in the Princes Street block hit $306,000 in 2009, with courtyard. The most recent sale was $295,000 in 2013.

The dearest reported sale was in Box Hill.

 

TOP 5 HOUSES

1. 105 Carrington Road, Box Hill $3,630,000
2. 22 North Road, Brighton $3,160,000
3. 75 Gordon Street, Balwyn $2,870,000
4. 2 Bamfield Close, Templestowe $2,800,000
5. 8 Lurnea Road, GLEN IRIS $2,675,000

TOP 5 BARGAIN HOUSES

1. 27 Candlebark Crescent, Frankston North $305,000
2. 30 Coleman Crescent, Rosebud West $325,000
3. 61 Banbury Crescent, Craigieburn $335,000
4. 44 Baystone Road, Epping $345,000
5. 1 Selby Street, Dallas $350,000

TOP 5 APARTMENTS

1. 38 Through Road, Camberwell $1,542,000
2. 1B Robert Street, Elwood $1,450,000
3. 1/12 Arkaringa Crescent, Black Rock $1,350,000
4. 101B Oakleigh Road, Carnegie $1,256,000
5. 19B Acacia Avenue, Mentone $1,235,000

TOP 5 BARGAIN APARTMENTS

1. 7/72 Princes Street, Flemington $250,000
2. 2/115 Eskdale Road, Caulfield North $272,000
3. 3/24 Jones Road, Dandenong $300,000
4. 8/201 Blyth Street, Brunswick East $310,300
5. 6/307 Riversdale Road, Hawthorn East $332,500

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: 
Victoria Auctions

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