Enzo Raimondo's Market Wrap

A clearance rate of 73 per cent was recorded this weekend compared to 70 per cent last weekend and 60 per cent this weekend last year. After a small dip in the clearance rate over the school holidays the market has returned to this years underlying trend. The recent interest rate cut should help to further boost buyer sentiment over winter. There were 617 auctions reported to the REIV this weekend, with 453 selling and 164 being passed in, 96 of those on a vendor bid. Next weekend the REIV expects around 750 auctions.

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Sold prior to auction:	66	Passed in:	164
Sold at auction:	387	Passed on vendor's bid:	96
Sold after auction:	0
		Withdrawn:	6
Total Volume: $333.39mil		Postponed:	4
		No Result:	33

Total Auction Houses: 399

Top 5 Houses
3 Welwyn Av BRIGHTON EAST $2,575,000
20 Beaver St MALVERN EAST $2,260,000
40 Metung St BALWYN $2,180,000
52 Cole St BRIGHTON $2,055,000
14 Elster Av ELSTERNWICK $2,030,000

Top 5 Bargain Houses
26 Maurice St HERNE HILL $270,000
27 Tristania St DOVETON $270,000
113 Opie Rd ALBANVALE $279,000
6 Wildwood Ct ALBANVALE $285,000
98 Lahinch St BROADMEADOWS $291,000

Total Auction Flats/Apartments: 196

Top 5 Flats/Apartments
1/2 Dendy St BRIGHTON $2,100,000
1802/576 St Kilda Rd MELBOURNE $1,600,000
32 Beacon Vst PORT MELBOURNE $1,320,000
1/19 Mangan St BALWYN $1,235,000
173 Ormond Rd ELWOOD $1,150,000

Top 5 Bargain Flats/Apartments
7/22 Bishop St KINGSVILLE $180,000
3/232 Ascot Vale Rd ASCOT VALE $250,000
3/283 Dorset Rd BORONIA $257,100
12/120 Primrose St ESSENDON $281,000
4/106 Cromer Rd BEAUMARIS $290,000

Total Auction Vacant Land: 20

Vacant Land Sales
33 Byron St BOX HILL SOUTH $1,250,000
7 Tregenna Ct BRIGHTON EAST $906,000
70-74 Donnybrook Rd NORLANE $407,500
Lot 2/25-27 Adco Gr OCEAN GROVE $402,500
4 Adair Ct WANTIRNA $310,000
32 Williamson Rd GEMBROOK $150,000
20 Boston Rd LALOR $240,000
6 Egerton St BLAIRGOWRIE $260,000