Melbourne Auction Results – March 23rd, 2015

By Peter Sarmas on 23 Mar 2015
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Melbourne Auction Results 23rd March 2015

77%
Clearance
Rate

1053
Reported
Auctions

Sold at Auction: 666 Auction Volumes: $775.03m
Passed in: 244 Last Weekend: 1128
Sold Before: 138 Last Year: 994
Sold After: 5 Houses: 80%
    Units: 73%

 

Melbourne’s East Has Seen Strong Demand This Year!

A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year. There were 1053 auctions reported to the REIV with 809 selling and 244 being passed in, 113 of those on a vendor bid.

Melbourne’s east has seen strong demand this year with a recorded clearance rate of 80 per cent in the inner east region. Over 85 per cent of homes going to auction in the middle and outer eastern regions have been sold in 2015.

Melbourne Property Market Update – March 21st, 2015

Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation, read the latest research results from BIS Shrapnel, the hot investment segment from the latest household surveys, guidelines related to the growth in investor lending and the conditions in the construction sector in Victoria.

Property Bubble Alert Following Hockey Thought Bubble

Treasurer Joe Hockey says Australia needs to make the super system more flexible, so flexible in fact that we should be able to spend a portion of our super in our youth as a deposit to buy a home. Louis Christopher reports on real estate property bubble alert following Hockey Thought Bubble.

Only 1 out of 100 apartments has 4 bedrooms in Melbourne’s CBD

A review of data from the apartments advertised for sale in the past two years shows that the size of dwellings does vary between the three inner city suburbs of Melbourne, Docklands and Southbank. Robert Larocca of CoreLogic RP Data reports on unit sizes in and around Melbourne.

First Time Buyers Motivations and Barriers

Why are first time buyers becoming property speculators? Martin North of Digital Finance Analytics discusses the striking trends highlighted in the household surveys.

Ikea: 7 Predictions For What Your Home Will Look Like In 2020

Pretty soon, a stool might be one of the most important pieces of furniture in your house. From silicon furniture to the death of storage, Marcus Engman of Ikea Sweden talks about the near-future of home furniture.

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TOP 5 HOUSES
1. 353 Richardson Street, Middle Park $4,750,000
2. 679 Orrong Road, Toorak $4,680,000
3. 208 Beaconsfield Parade, Middle Park $4,510,000
4. 14 Stirling Street, Kew $4,410,000
5. 3 St James Mews, Brighton $3,550,000

TOP 5 BARGAIN HOUSES
1. 18 Ardent Court, Hastings $197,500
2. 7 Thredbo Court, Epping $320,000
3. 88 Creedmore Drive, Rye $322,500
4. 15 Miram Court, Westmeadows $330,000
5. 30 Bootie Court, Roxburgh Park $332,000

TOP 5 APARTMENTS
1. 27 Oak Grove, Brighton $2,397,000
2. 1/36 Dean Street, Kew $1,951,000
3. 40A Cochrane Street, Brighton $1,605,000
4. 3/103 Lucerne Crescent, Alphington $1,400,000
5. 4/103 Lucerne Crescent, Alphington $1,400,000

TOP 5 BARGAIN APARTMENTS
1. 5/1-3 Braemer Street, Seaford $215,500
2. 10/29 Raleigh Street, Essendon $260,000
3. 4/7 Stewart Street, Thomastown $265,000
4. 2/2 Martin Street, Rosebud $272,400
5. 7/9 Poplar Grove, Carnegie $275,000

Source: REIV

For a basic snapshot of your suburb’s performance or a property report customised for your property, request a Free Market Report.

If you are thinking of buying, selling or investing and would like a FREE 5 minute chat with Street News Director Peter Sarmas, please contact him on 0418 740 606 
or via email at [email protected]

About the Author

Peter Sarmas is a Certified Property Investment Advisor (PIAA) and Vendor/Buyer Advocate. Before becoming the founder of Street News, Peter completed a Degree in Applied Science (Chemistry) and a Graduate Diploma in Property Valuations (Hons). Peter believes property investing is a major and potentially risky undertaking. In his view, everyone should have an independent person acting on their behalf when seeking property investment advice.

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