Balwyn tops the sales as Melbourne clearance rate slips to 67%: REIV

Balwyn tops the sales as Melbourne clearance rate slips to 67%: REIV
Balwyn tops the sales as Melbourne clearance rate slips to 67%: REIV

A clearance rate of 67% was recorded over the weekend compared to 69% last weekend and 65% this weekend last year.

There were 1172 auctions reported to the REIV with 780 selling. The top sale was when 66 Gordon Street, Balwyn (above) fetched $4,880,000. It was last sold at $3.3 million in 2009 to Chinese buyers after being built in 2008 as a six bedroom, five bathroom home.

Next weekend is expected to be one of the highest on record, with around 1,750 auctions scheduled. The current record was set on October25-26 last year, when 1,682 auctions were held. 

TOP 5 HOUSES

1. 66 Gordon Street, BALWYN $4,880,000

2. 28 Cosham Street, Brighton $3,925,000

3. 16 Belmont Avenue, Kew $3,905,000

4. 6 Black Street, Brighton $3,675,000

5. 12 Angle Road, Deepdene $3,410,000

 

TOP 5 BARGAIN HOUSES

1. 20 Wyuna Street, Rosebud West $275,000

2. 28 Paroo Avenue, Roxburgh Park $342,000

3. 27 Warne Street, Coolaroo $346,000

4. 5 Mitford Crescent, Craigieburn $348,000

5. 11 Gander Street, Doreen $350,000

 

TOP 5 APARTMENTS

1. 217-219 Dryburgh Street, North Melbourne $2,370,000

2. 2306/229 Toorak Road, South Yarra $1,550,000

3. 2A Bayview Street, Elsternwick $1,500,000

4. 4 Clapham Street, BALWYN $1,473,000

5. 1/32 Bogong Avenue, Glen Waverley $1,420,000

 

TOP 5 BARGAIN APARTMENTS

1. 9/73 Kingsville Street, Kingsville $228,000

2. 5/243 Murrumbeena Road, Murrumbeena $249,000

3. 15/745 Barkly Street, West Footscray $265,000

4. 7/55 Pender Street, Thornbury $280,500

5. 3/1 Mattea Court, Reservoir $281,000

 

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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