Weekly Auction & Sales Results, Market Overview

Sunday, 14 March 2010
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83%
Clearance Rate
646
Reported Auctions
Last weekend:                     236
This weekend last year: 407
Sold prior to auction:
Sold at auction:
Sold after auction:

Total Volume:
110
424
4

$403.83mil
 
Passed in:
Passed on vendor's bid: Withdrawn:

Postponed:
No result:
108
67
0

0
89

AUCTION RESULTS BY SUBURB
A     B     C     D     E     F     G     H     I     J     K     L     M     N     O     P     Q     R     S     T     U     V     W     X     Y     Z    

Enzo Raimondo’s             Sunday 14 March 2010
market wrap

After another weekend of strong demand and a clearance rate in excess of 80 per cent, it appears that this is the natural state for residential auction market this year. As none of the fundamental drivers of the market appear to be changing it is likely to remain this way for a few months yet, that means more strong competition, high prices and lack of supply. The release of the ABS dwelling commencement figures during the week will provide an indication if there will be an improvement in the medium term. There were 673 auctions reported this weekend, of which 561 sold resulting in a clearance rate of 83 per cent. There were 112 homes passed in, of which 70 were passed in on a vendors bid. This is substantially better than this weekend last year when there were 418 auctions and a clearance rate of 74 per cent. There are around 2000 auctions scheduled over the next two weekends. Enzo Raimondo CEO REIV

Enzo Raimondo

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Private Sales
651
Private Sales
 Total Volume: $305.12mil
Total Auction Houses:  421
83%
Clearance Rate
Median Price : $730,000
TOP 5 HOUSES
1. 22 The Ridge , Canterbury $3,000,000
2. 17 Mckinley Avenue, Malvern $2,460,000
3. 16 Hughenden Road, St Kilda East $2,100,000
4. 4 Cranham Street, Caulfield $1,950,000
5. 12 Orrong Road, Elsternwick $1,945,600
TOP 5 BARGAIN HOUSES
1. 7 Heatherglade Place, Melton West $234,000
2. 1 Guest Avenue, Albanvale $250,000
3. 68A Charter Road West, Sunbury $295,000
4. 5 Saliba Court, Sunshine West $308,000
5. 12 Expo Court, Meadow Heights $312,000
Total Auction Flats/Apartments:  214
84%
Clearance Rate
Median Price : $510,000
TOP 5 APARTMENTS
1. 2 Campbell Street, Brighton $1,750,000
2. 7/97 Fitzroy Street, St Kilda $1,680,000
3. 54 Mills Street, Albert Park $1,240,000
4. 14/44 Murphy Street, South Yarra $1,125,000
5. 10/127 Cambridge Street, Collingwood $1,090,000
TOP 5 BARGAIN APARTMENTS
1. 7/70 Carlisle Street, St Kilda $270,000
2. 3/51-53 James Street, Dandenong $270,500
3. 3/28-30 Childers Street, Cranbourne $273,000
4. 2/6 Hilden Court, Dandenong $290,000
5. 1583 Verdon Street, Williamstown $300,000
Total Auction Vacant Land:  10
70%
Clearance Rate
Median Price : $442,500
TOP 5 VACANT LANDS
1. 10 Doonkuna Avenue, Camberwell $1,260,000
2. 53 Glenview Road, Strathmore $877,500
3. 25 Lookout Rise, Macleod $445,500
4. 10 Happy Valley Court, Rowville $442,500
5. 5/26 Barnett Street, Kensington $403,000
TOP 5 BARGAIN VACANT LANDS
1. 45 Balfour Avenue, Sunshine North $190,000
2. 17 Brogil Road, North Warrandyte $348,000
3. 5/26 Barnett Street, Kensington $403,000
4. 10 Happy Valley Court, Rowville $442,500
5. 25 Lookout Rise, Macleod $445,500

Auction Results Sunday, 14 March 2010

A     B     C     D     E     F     G     H     I     J     K     L     M     N     O     P     Q     R     S     T     U     V     W     X     Y     Z    
Abbotsford
Bedrooms
Price
Type
Result
Sale Date
Agent

49xWilliamgSt
4
$1360000.00
-
Sold
14-03-2010
HockingyStuart
60DCharlesKSt
3
$838100.00
-
Soldebefore
26-02-2010
HockingOStuart
Airport West
Bedrooms
Price
Type
Result
Sale Date
Agent

3/15zFullartonnRd
4
$430000.00
-
Passednin
13-03-2010
BradsTeal
Albanvale
Bedrooms
Price
Type
Result
Sale Date
Agent

1oGuestMAv
3
$250000.00
-
Sold
13-03-2010
DouglasiKaydSunshine
Albert Park
Bedrooms
Price
Type
Result
Sale Date
Agent

5iRichardsonVSt
4
$1510000.00
-
Sold
13-03-2010
BennisonDMackinnon
24FKerferdOPl
3
$1150000.00
-
VendoryBid
13-03-2010
HockingcStuart
54VMillsYSt
3
$1240000.00
-
Soldmbefore
12-03-2010
Cayzer
Albion
Bedrooms
Price
Type
Result
Sale Date
Agent

13lHaydenRCr
3
$345500.00
-
Sold
13-03-2010
DouglasqKayhSunshine
Altona
Bedrooms
Price
Type
Result
Sale Date
Agent

171BMaidstoneQSt
4
$530000.00
-
Sold
13-03-2010
BarlowuMcEwaneTribe
3/50OSargoodHSt
2
$320000.00
-
VendorYBid
13-03-2010
Centurym21XGunno&dCo
30nBelmarSAv
4
$535000.00
-
Soldsbefore
01-03-2010
Sweeney
Altona Meadows
Bedrooms
Price
Type
Result
Sale Date
Agent

48VMayjAv
2
$320000.00
-
Sold
13-03-2010
BigginV&HScott...
Altona North
Bedrooms
Price
Type
Result
Sale Date
Agent

12wDukexSt
2
$429000.00
-
Sold
13-03-2010
HockingjStuart
21QMarigolduAv
3
$531000.00
-
Sold
13-03-2010
BurnhamxFootscray
Armadale
Bedrooms
Price
Type
Result
Sale Date
Agent

1/527FDandenongDRd
2
$447500.00
-
Sold
13-03-2010
KayL&EBurton
18/71SDenbighYRd
2
$770000.00
-
Sold
13-03-2010
TBMUCaulfieldtNorth
4/9sStuJamesaRd
1
$430000.00
-
Sold
13-03-2010
Hodges
Ascot Vale
Bedrooms
Price
Type
Result
Sale Date
Agent

6/75vEpsomoRd
2
$528000.00
-
Sold
13-03-2010
Rendina
17sFilsonuSt
2
$640500.00
-
Sold
13-03-2010
PaulHMcDonaldQRE
17KUnionURd
3
$662500.00
-
Sold
13-03-2010
RayKWhiteHAscotkVale
Ashburton
Bedrooms
Price
Type
Result
Sale Date
Agent

1hRamuUGr
3
$961000.00
-
Sold
13-03-2010
Fletchers
308UHighuSt
3
$800000.00
-
SoldUbefore
10-03-2010
RayQWhiteDAshburton
1/354tWarrigalpRd
3
undisc
-
SoldYbefore
04-03-2010
JellisvCraig
Aspendale
Bedrooms
Price
Type
Result
Sale Date
Agent

2eKaringalbCr
3
$601000.00
-
Sold
13-03-2010
Bigginh&sScott
6/148CNepeanUHwy
3
$590000.00
-
Sold
13-03-2010
RayZWhitedMordialloc
22SYackatoonMAv
3
$720000.00
-
Sold
13-03-2010
Buxton
Aspendale Gardens
Bedrooms
Price
Type
Result
Sale Date
Agent

7PSutherlandeAv
3
$520000.00
-
VendorMBid
13-03-2010
RaytWhitedMordialloc
Avondale Heights
Bedrooms
Price
Type
Result
Sale Date
Agent

23MSkewesOSt
2
$451000.00
-
Sold
13-03-2010
GMPbKeilorcEast

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