Mount Waverley tops weekend auction activity: REIV

Mount Waverley tops weekend auction activity: REIV
Mount Waverley tops weekend auction activity: REIV

Melbourne's 78% clearance rate of 78 per cent compared to 76 per cent last weekend and 72 per cent this weekend last year, according to the REIV.

There were 595 auctions reported to the REIV, with Enzo Raimondo, the REIV chief, noting some $389 million in auction sales.

Houses had a clearance rate of 84% at an $850,000 median price.

Apartments had a clearance rate of 69% with a median price of $608,000.

TOP 5 HOUSES

1. 20 Reed Street, Albert Park $2,810,000
2. 21 Haydens Road, Beaumaris $2,800,000
3. 183 Church Street, Brighton $2,640,000
4. 44 Camperdown Street, Brighton East $2,600,000
5. 15 Fairmount Road, Hawthorn East $2,540,000

TOP 5 BARGAIN HOUSES

1. 36 Oriole Drive, Werribee $287,500
2. 26 Christie Street, Deer Park $308,000
3. 12 Leisure Way North, Rosebud $328,000
4. 2 Brampton Close, Craigieburn $341,000
5. 70 Kuringai Road, Tootgarook $350,000

TOP 5 APARTMENTS

1. 5/105 Crown Street, Richmond $2,000,000
2. 405 New street, Brighton $1,751,000
3. 3/11 Monomeath Avenue, Toorak $1,701,000
4. 3/47 Durham Road, Surrey Hills $1,525,000
5. 29A Barnett Street, Hampton $1,448,500

TOP 5 BARGAIN APARTMENTS

1. 14/234 Warrigal Road, Camberwell $117,000
2. 11/242 Pascoe Vale Road, Essendon $237,500
3. 2/131 High Street, Thomastown $247,000
4. 2/8 Anzac Street, Carnegie $268,000
5. 3/64-66 Bent Street, St Albans $285,000

 

The REIV was expecting about 730 auctions in 242 suburbs this weekend, so further results will change the clearance rate.

The top auction locations were Mount Waverley (12 auctions) and Bentleigh East (10 auctions), followed by Richmond, South Yarra and ST KILDA EAST with nine auctions in each.

Sales included 50 Swayfield Road, Mt Waverley (below) which sold at $1,267,000.

50 Swayfield Road, Mount Waverley

Mt Waverley is among a select number of Melbourne suburbs to have recorded annual capital growth of more than 20 per cent. Mount Waverley's 28 per cent matched Doncaster (28 per cent), and narrowly bettered Burwood (27 per cent) and Balwyn North (23 per cent). 

Mount Waverley had none of the REIV's top sale results with propertydata.com.au listing recent results as:

381  Fender Katsalidis 5 $1,400,000 House Passed in at Auction 01/08/2015

S&L

 

2/ 80  Bruce  St 2 $580,000 Unit Auction Sale 01/08/2015

Buxton

 

1/ 11  Grenfell  Rd 2 $628,000 Unit Auction Sale 01/08/2015

Jellis Craig

 

1/ 17  Heany  St 2 $590,000 Unit Passed in at Auction 01/08/2015

Jellis Craig

 

69  Jubilee  St 5 $1,420,000 House Auction Sale 01/08/2015

Barry Plant

 

16  Leeds  Rd 4 $1,330,000 House Auction Sale 01/08/2015

Ray White

 

50  Swayfield  Rd 3 $1,267,000 House Auction Sale 01/08/2015

Barry Plant

 

36  Catherine  Av 4 $1,040,000 House Auction Sale 31/07/2015

Barry Plant

 

33  Wilga  St 4 $1,200,000 House Sold Before Auction 25/07/2015

Jellis Craig

 

2/ 24  Damon  Rd 3 undisclosed Unit Auction Sale 01/08/2015

Jellis Craig

 

96  Headingley  Rd 5 undisclosed House Auction Sale 01/08/2015

Reed

 

36  Oakern  St 4 undisclosed House Passed in at Auction 01/08/2015

Jellis Craig

 

 

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.

Tags: 
Auctions Melbourne

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