Melbourne Auction Results – June 8th
A clearance rate of 74 per cent was recorded this weekend compared to 80 per cent last weekend and 61 per cent this weekend last year.
There were 242 auctions reported to the REIV this weekend, with 179 selling and 63 being passed in, 33 of those on a vendor bid. The Melbourne-wide clearance rate in May 2015 was 81 per cent, which is the highest for the month of May since 2009.
Clearance Rate: 74%
Reported Auctions: 242
Sold at Auction: 179
Passed in: 63
Sold Before: 0
Sold After: 0
Auction Volumes: $137.57m
Last Weekend: 1159
Last Year: 298
Houses: 75%
Units: 73%
Auctions Romping Along
The Sydney real estate property market seems to be locked in a “frenzy”, so what will bring the property boom to an end? Pete Wargent analyses the latest housing finance figures and discusses the Melbourne and Sydney auction markets.
Bank Profits Were $35.2 Billion To March 2015
Are the banks holding enough in reserve in their balance sheet for a rainy day? Martin North reports that bank profits were $35.2 billion to March 2015 and analyses the (APRA) Prudential Regulator of the Australian Financial Services Industry’s quarterly ADI performance statistics.
How High Property Prices Are Changing Our Way Of Life
Rural rooming houses, city “slums in the sky” and accommodation-for-sex advertisements have become symptoms of a tough rental market. Sharon Fox-Slater reports on worrying times for tenants on low incomes and looks at the findings of The Anglicare Rental Affordability Snapshot for 2015.
Bathroom Design For Germaphobes
Could self-clean public bathrooms be the future? From the bacteria lurking on door handles, to dirty basins and the toilet seat itself, a public bathroom visit can be quite the hygienic challenge. We’re entitled to hygienic doubt with a few recent reports revealing some alarming stats. Sourceable Industry News looks into design and technology which could be implemented in public bathrooms to help combat germs.
Top 5 Houses
- 9 Bringa Avenue, Camberwell $3,316,000
- 1 Blair Road, Glen Waverley $2,450,000
- 8 One Chain Road, Merricks North $1,950,000
- 126 Cathies Lane, Wantirna South $1,926,000
- 4 Flavia Court, Mount Waverley $1,900,000
Top 5 Bargain Houses
- 5 Eve Court, Craigieburn $330,000
- 4 Nixon Street, Rosebud $362,500
- 20 Mcconnell Crescent, Roxburgh Park $376,000
- 4 Kent Way, Tullamarine $390,000
- 10 Gregory Court, Cranbourne North $400,000
Top 5 Apartments
- 1/12 Derby Street, Blackburn $1,150,000
- 1/7 Fairhills Parade, Glen Waverley $1,005,000
- 41/400 Victoria Parade, East Melbourne $940,000
- 22 Kashmira Street, Bentleigh East $900,000
- 1/44 Shady Grove, Nunawading $900,000
Top 5 Bargain Apartments
- 25 Village Avenue, Taylors Lakes $295,000
- 2/27 Prospect Street, Glenroy $339,000
- 2/135 Raleigh Street, Thornbury $420,000
- 3 Fielders Walk, Westmeadows $425,000
- 14/105-117 Torbay Street, Macleod $430,000
Source: REIV
