Melbourne weekend auctions head higher to 82% with Brighton brownstone the top seller
Melbourne's weekend clearance rate of 82 per cent was well up on the 77 per cent last weekend and 71 per cent this weekend last year.
There were 925 auctions reported to the REIV, with Enzo Raimondo the CEO REIV noting 137 sold before.
Some 78 were passed in on a vendor's bid.
The Melbourne rate appears to be strengthening in auction success while Sydney appears to be weakening after its recent sustained peak, suggesting a baton change is nigh.
There was a $710 million Melbourne sales tally from the auctions with a $920,000 median house price and a $630,000 median apartment price.
The REIV reported the clearance as 86% for houses and 76% for aparments.
The top sale was an East Brighton mansion listed through hockingstuart Brighton marketed as blending spectacular indulgence with high tech edge.
The agents suggest it was bringing Boston Brownstone architecture to the bayside suburb over three levels with four bedrooms and four bathrooms.
The bespoke kitchen comes with fish tank, butlers pantry along with grand entry with Graham Geddes oak doors.
There is an expansive six car basement garage at 46 Canberra Grove.
It also has a “man cave” with surround sound, a games area, a gymnasium, bar and full kitchen.
The trophy home had been listed with $3.7 million plus hopes, and was sold at $4.01 million, having been passed in at $3.7 million.
Port Melbourne was Melbourne’s most popular suburb this weekend with 22 auctions followed by Richmond with 18, Brighton East 17, and South Yarra and Reservoir each with 16.
The cheapest sale at St Albans had been listed with adjusted $255,000 plus hopes - two bedrooms - through Barry Plant agents Alex (Chau) Tran and Quyen Tran, but sold for a tad under. It last sold at $32,000 in 1991.
REIV TOP 5 HOUSES
1. 46 Canberra Grove, Brighton East $4,010,000
2. 1 Russell Street, Toorak $3,960,000
3. 27 Donna Buang Street, Camberwell $3,370,000
4. 82 Maud Street, Balwyn North $3,083,000
5. 1 Pleasant View Crescent, Wheelers Hill $2,900,888
REIV TOP 5 BARGAIN HOUSES
1. 4 Dumosa Court, St Albans $247,500
2. 17 Brighton Place, Craigieburn $295,000
3. 1 Moorhen Crescent, Carrum Downs $304,000
4. 1 Mitre Crescent, Frankston North $308,000
5. 43 Trafalgar Street, Albanvale $317,000
REIV TOP 5 APARTMENTS
1. 1001/115 Beach Street, Port Melbourne $2,350,000
2. 114/350 St Kilda Road, Melbourne $2,100,000
3. 2/29 Park Street, South Yarra $1,530,000
4. 4/55-57 Manningtree Road, Hawthorn $1,508,000
5. 9 Tregenna Court, Brighton East $1,420,000
REIV TOP 5 BARGAIN APARTMENTS
1. 8/35 Stud Road, Dandenong $210,000
2. 2/66 Dundas Street, Thornbury $247,000
3. 7/210 Clarke Street, Northcote $270,000
4. 2/2 May Street, Altona North $280,000
5. 8/9 Murrumbeena Road, Murrumbeena $285,000
Source REIV
