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Saturday 13th & Sunday 14th April 2013

House with auction sign

A clearance rate of 70 per cent was recorded this weekend compared to 63 per cent last weekend.

There were 511 auctions reported to the REIV this weekend, with 357 selling and 154 being passed in, 97 of those on a vendor bid.

The REIV released the March quarter median prices this weekend which show the strongest first quarter for over 10 years. This weekends' results are a further indication of the healthy state of the market. Further details of the quarter are available from the REIV website.

Next weekend the REIV expects around 620 auctions.

Enzo Raimondo
CEO REIV


S Sold at Auction: 301
SB Sold before Auction: 56
SA Sold after Auction: 0

Passed in: 154
Passed in on vendor's bid: 97

Clearance rate: 70%

TOTAL AUCTIONS
This week: 511
Yesterday: 12
Last Sunday: 23
This weekend last month: 835
This weekend last year: 36

CLEARANCE RATES:
Weekend: 70%
Yesterday: 92%
Last Sunday: 70%
This weekend last month: 68%
This weekend last year: NA

Postponed: 3
Withdrawn: 3
Auctions with no result: 43

PS Private Sales: 563

Total Volume (Auctions): $230.38mil
Total Volume (Private Sales): $264.24mil

Total Auctions Houses: 304
Clearance Rate: 72%
Median Price: $660,000
Total Value: $160,742,100

Total Auctions Flats/Apartments: 192
Clearance Rate: 66%
Median Price: $515,000
Total Value: $66,298,200

Total Auctions Vacant Land: 13
Clearance Rate: 77%
Median Price: $412,650
Total Value: $3,138,800

TOP 5 HOUSES
1. 75 St Vincent Place, Albert Park $4,300,000
2. 2 Rowe Street, Alphington $3,000,000
3. 194 Williams Road, Toorak $1,780,000
4. 7 Cecil Street, Kew $1,445,000
5. 23 Empress Road, St Kilda East $1,430,000
TOP 5 BARGAIN HOUSES
1. 10 Light Fingers Street, Kurunjang $260,000
2. 16 Kaniva Street, Dallas $275,000
3. 52 Ophir Street, Broadmeadows $290,000
4. 128 Fourth Avenue, Rosebud $325,000
5. 68 Lorimer Street, Crib Point $326,000

TOP 5 APARTMENTS
1. 1B Thistle Street, Surrey Hills $1,255,000
2. 4A Bertram Street, Elsternwick $1,125,000
3. 27A Avelin Street, Hampton $935,000
4. Rear 5 Spensley Street, Clifton Hill $850,500
5. 5/50 Gibdon Street, Burnley $850,000
TOP 5 BARGAIN APARTMENTS
1. 12/57 Cleeland Street, Dandenong $187,500
2. 5/70 Chute Street, Mordialloc $240,000
3. 4/137 Crookston Road, Reservoir $240,000
4. 9/13 Wattle Avenue, Glen Huntly $266,000
5. 2/32 David Street, Noble Park $286,000

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