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.
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 Cedar Woods | 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
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| 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
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