Preston development site sells: REIV
Enzo RaimondoDecember 7, 2020
GUEST OBSERVER
A clearance rate of 70 percent was recorded this weekend compared to 74 percent last weekend and 77 percent this weekend last year.
There were 335 auctions reported to the REIV, with 233 selling and 102 being passed in, 44 of those on a vendor bid. This weekend has the highest number of auctions scheduled for Labour Day weekend since 2008 (more than 400 auctions).
Auction Summary - Week ending Sunday 13 Mar 2016
335 Auctions Held
70% Clearance Rate
1089 auctions this weekend last year
77 percent clearance rate this weekend last year
The Detail
185 sold at auction
48 sold before auction
102 passed in
6 withdrawn
0 sold after auction
44 passed in on vendor bid
9 postponed
Sales Highlights
Top House Sales
| Location | Price |
|---|---|
| 100-102 David St PRESTON | $3,350,000 |
| 18 Hood St Balwyn NORTH | $1,990,000 |
| 43 Provost St NORTH MELBOURNE | $1,950,000 |
| 2 Harriett Cr MONT ALBERT | $1,760,000 |
| 175 Richardson St MIDDLE PARK | $1,755,000 |
Top Apartment Sales
| Location | Price |
|---|---|
| 14 Dwyer St BLACKBURN | $1,135,000 |
| 9/52-54 Young St FITZROY | $950,000 |
| 11/12-14 York St GLEN WAVERLEY | $898,000 |
| 1502/1 William St Melbourne | $860,000 |
| 506/185 Rose St FITZROY | $850,000 |
Bargain House Sales
| Location | Price |
|---|---|
| 65 Walsgott St NORTH Geelong | $300,000 |
| 50 Gateshead St CRAIGIEBURN | $301,000 |
| 23 Sages Rd BAXTER | $305,000 |
| 16 Plowman Ct EPPING | $352,500 |
| 32 Mimosa Av MILL PARK | $360,000 |
Bargain Apartment Sales
| Location | Price |
|---|---|
| 6/2-4 Gordon St TULLAMARINE | $280,000 |
| 17/275 Burnley St RICHMOND | $301,000 |
| 9/10 Hendry St SUNSHINE WEST | $310,000 |
| 12/46 Eucalyptus Dr Maidstone | $335,000 |
| 1A Bent St WESTMEADOWS | $375,000 |
Enzo Raimondo
Enzo Raimondo is CEO of the Real Estate Institute of Victoria.