Carlton North pips Elsternwick for best auction clearance rate

Carlton North pips Elsternwick for best auction clearance rate
Jonathan ChancellorJuly 17, 2014

Melbourne's inner ring's highest clearance rate suburb was CARLTON NORTH with 88% from 32 auctions.

It just pipped Elsternwick in the top 10 clearance rates in inner Melbourne with its busier 87% success rate.

Recent sales included a three bedroom terrace at 134 Fenwick Street, CARLTON NORTH (pictured above) that sold through Nelson Alexander at $1.22 million.

It last sold at $435,000 in 2002.

Neither suburbs had any auctions last weekend, and this weekend there is just the one in Elsternwick.

It is a new home at 19a Riddell Parade. 

Suburb (15+ Auctions)

Total Auctions 

Sold at Auction

Clearance Rate

CARLTON NORTH

32

28

88%

Elsternwick

91

79

87%

Camberwell

180

154

86%

Brunswick East

60

51

85%

MALVERN EAST

161

135

84%

Clifton Hill

56

47

84%

Hawthorn East

117

98

84%

Abbotsford 

55

46

84%

Flemington

48

40

83%

Northcote

183

152

83%

Source: REIV

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.

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