Templestowe tops Melbourne's weekend auctions
Melbourne had a clearance rate of 71% on the weekend compared to 64% last weekend.
It was 68% this time last year.
There were 1209 auctions reported to the REIV.
The top sale was a five-bedroom, four-bathroom trophy home at 28 Serpells Road, Templestowe, which sold for $4.86 million, around $500,000 over reserve.
The block cost $2.1 million in 2001.
A record $27 billion worth of residential property has been sold by auction in Victoria, so far this year - up 27% ($6 billion) on last year.
TOP 5 HOUSES
1. 28 Serpells Road, Templestowe $4,868,000
2. 16 Hall Street, Brighton, $3,175,000
3. 2 Hoyt Street, Hampton $3,100,000
4. 5 Fairfield Avenue, Camberwell $2,840,000
5. 973-975 Rathdowne Street, Carlton North $2,800,000
TOP 5 BARGAIN HOUSES
1. 5 Blackwood Drive, Melton South $216,000
2. 8 Regency Place, Melton West $256,000
3. 59 Westcott Parade, Rockbank $260,000
4. 48 Mitford Crescent, Craigieburn $260,000
5. 22 Cyan Crescent, Officer $265,000
TOP 5 APARTMENTS
1. 32/125 Ormond Road, Elwood $2,320,000
2. 3/21 Grange Road, Sandringham $1,920,000
3. 2/11 Bevis Street, Bentleigh East $1,622,000
4. 1A Stewart Place, Richmond $1,575,000
5. 101 Eglinton Street, Kew $1,561,000
TOP 5 BARGAIN APARTMENTS
1. 2/14A Myrtle Grove, Preston $270,000
2. 62B Herman Road, Lalor $290,000
3. 15/2 Mckay Street, Coburg $290,000
4. 2/1 First Street, Parkdale $300,000
5. 1/432 Dorset Road, Boronia $300,000
Source REIV