Preston development site sells: REIV

Preston development site sells: REIV
Preston development site sells: REIV

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6 withdrawn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

Enzo Raimondo is CEO of the Real Estate Institute of Victoria.

Tags: 
Melbourne Residential Sales

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