REIV Melbourne auction results

REIV has released a list of results from 873 auctions in Melbourne for the weekend of March 31. Click here for the auction results.

Melbourne investments become hot property

Investors who own homes in Melbourne may find their properties are in high demand, according to the Real Estate Institute of Victoria (REIV).

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Melbourne investments become hot property

Melbourne median house price tops $600,000 for the first time.

The REIV has released the December quarter median prices, revealing that the median price of a house in Melbourne has increased by 6.9 per cent to $601,500 from a revised …

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Melbourne median house price tops $600,000 for the first time.

REIV says new government must make housing more affordable

The Real Estate Institute of Victoria (REIV) has welcomed the Victorian Premier’s new cabinet announced yesterday, and says its biggest challenge is to make housing more affordable.

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REIV says new government must make housing more affordable

REIV pushes for more first homebuyer assistance

The Real Estate Institute of Victoria (REIV) wants candidates contesting the state election at the end of November to consider introducing a new measure to help first homebuyers.

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REIV pushes for more first homebuyer assistance

Under-quoting agencies, iconic Brissy and INXS: This Week’s Picks

This week we check out the property highlights across Australia. We’re in a supposed ‘housing shortage’ (but Catherine Cashmore thinks there’s more to the story), we take a peek at the iconic building proposed for Brissy and hear about the under-quoting real estate agency in Melbourne that has found itself in the REIV’s bad books.

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Under-quoting agencies, iconic Brissy and INXS: This Week’s Picks

Call to remove the ‘tax on tax’

The stamp duty on GST (goods and services tax) for commercial property transactions must be removed, according to the Real Estate Institute of Victoria (REIV).

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Call to remove the ‘tax on tax’

REIV calls for stamp duty cuts

Staff Reporter Making headlines today, the Herald Sun reported that the REIV is calling for reforms to Victoria’s stamp duty payments. According to the paper, homebuyers filled the state government’s …

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REIV calls for stamp duty cuts

Melbourne Auction Results REIV

Saturday 11th & Sunday 12th September 2010

This week: 612

Last weekend: 681

This time last year: 708

S Sold at Auction: 359

SB Sold before Auction: 66

SA Sold after Auction: 2

Passed in: 185

Passed in on vendor’s bid: 121

Clearance rate: 70%

Postponed: 0

Withdrawn: 0

Auctions with no result: 89

PS Private Sales: 575

Total Volume (Auctions): $334.89mil

Total Volume (Private Sales): $294.15mil

Total Auctions Houses: 391

Clearance Rate: 70%

Median Price: $720,000

Total Value: $239,251,154

Total Auctions Flats/Apartments: 204

Clearance Rate: 70%

Median Price: $540,250

Total Value: $89,971,000

Total Auctions Vacant Land: 17

Clearance Rate: 65%

Median Price: $517,500

Total Value: $5,668,000

House Sales in Detail

TOP 5 HOUSES

1. 4 Forrest Court, Toorak $4,050,000

2. 24 Netherlee Street, Glen Iris $2,660,000

3. 4 Wahroonga Court, Glen Iris $2,350,000

4. 69 & 69A St Helens Road, Hawthorn East $2,134,000

5. 18 Carn Avenue, Ivanhoe $2,040,000

TOP 5 BARGAIN HOUSES

1. 14/11 Williams Street, Frankston South $231,500

2. 28 Pine Street, Frankston North $270,000

3. 16 Robertson Street, East Geelong $300,500

4. 1 Patterson Court, Endeavour Hills $310,000

5. 10 Nixon Court, Roxburgh Park $336,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 140 Ross Street, Port Melbourne $1,720,000

2. 1/85 Irving Road, Toorak $1,600,000

3. 2/3 Hillside Crescent, Maribyrnong $1,358,500

4. 4/410 Wattletree Road, Malvern East $1,260,000

5. 2B Mackay Street, Prahran $1,100,000

TOP 5 BARGAIN APARTMENTS

1. 6/14-16 Fay Street, Melton $157,500

2. 14/31 Ridley Street, Albion $177,500

3. 13/1-2 Hatfield Court, West Footscray $212,000

4. 2/20-24 Ameily Crescent, Reservoir $297,500

5. 2/23 Scotia Street, Moonee Ponds $318,750

Get the latest auction and private sale results from the REIV.

Melbourne Auction Results REIV

This week: 687

Last weekend: 343

This time last year: 665

S Sold at Auction: 415

SB Sold before Auction: 72

SA Sold after Auction: 1

Passed in: 199

Passed in on vendor’s bid: 130

Clearance rate: 71%

Postponed: 2

Withdrawn: 0

Auctions with no result: 75

PS Private Sales: 622

Total Volume (Auctions): $366.23mil

Total Volume (Private Sales): $300.69mil

Total Auctions Houses: 474

Clearance Rate: 70%

Median Price: $697,500

Total Value: $274,686,082

Total Auctions Flats/Apartments: 205

Clearance Rate: 73%

Median Price: $516,000

Total Value: $89,327,605

Total Auctions Vacant Land: 8

Clearance Rate: 62%

Median Price: $365,000

Total Value: $2,213,000

House Sales in Detail

TOP 5 HOUSES

1. 59 Studley Road, Ivanhoe $4,300,000

2. 61 Brougham Street, Eltham $3,000,000

3. 31 Arkaringa Crescent, Black Rock $1,965,000

4. 31 Hawksburn Road, South Yarra $1,951,000

5. 42 Foote Street, Brighton $1,830,000

TOP 5 BARGAIN HOUSES

1. 49 Stewart Crescent, Rockbank $237,000

2. 26 Oakwood Road, Albanvale $243,500

3. 21 Christina Crescent, Kurunjang $272,000

4. 7 Mathisen Terrace, Hillside $310,000

5. 2 Darling Way, Narre Warren $310,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 2/589A Toorak Road, Toorak $1,414,000

2. 51 Glass Street, Richmond $1,310,000

3. 305/2 Pier Street, Port Melbourne $1,225,000

4. 5 Morley Street, Port Melbourne $1,105,000

5. 1/37 Rowell Avenue, Camberwell $1,090,000

TOP 5 BARGAIN APARTMENTS

1. 2/4 Fourth Avenue, Rosebud $187,500

2. 4/23A Becket Street South, Glenroy $245,000

3. 7/36 Hampton Parade, West Footscray $260,000

4. 18/40 Waterloo Crescent, St Kilda $262,500

5. 7 Hopetown Street, Moonee Ponds $295,000

Get the latest auction and private sale results from the REIV.