Melbourne Auction Results – April 27th
Approximately $6 billion worth of residential auction sales have been transacted in Melbourne in the year to date, about 10 per cent higher than this time last year.
The middle and outer suburbs have experienced the highest increase in net worth over this period, up by 18 per cent and 27 per cent respectively from the previous year. There were 75 auctions reported to the REIV this weekend, with 62 selling and 13 being passed in, 5 of those on a vendor bid.
Clearance Rate: N/A
Reported Auctions: 75
Sold at Auction: 50
Passed in: 13
Sold Before: 12
Sold After: 0
Auction Volumes: $54.71m
Last Weekend: 1196
Last Year: 316
Houses: 85%
Units: 76%
Caution on Housing from RBA, SMSFs Take Note
The RBA stated last month that the current strong run up in house prices may expose investors to risks of losses later on. Louis Christopher reports on self-managed superannuation funds (SMSFs) in the current real estate property market and if housing should be the right investment choice.
Melbourne Property Market Update – April 25th, 2015
This week we talk about the real change in home values from a housing market perspective and we discuss co-housing and whether it could it be a solution to urban sprawl and housing affordability. We find out why a fifth of property resales within Melbourne’s inner city incurred losses for vendors during the December 2014 quarter.
Reading Your Body’s Book Of Disease!
Many people aren’t aware of the very close link between our physical being and our physiology/biochemistry. Trevor Chetcuti highlights a range of awareness health indicators you can use to check your body’s health and wellbeing.
Top 5 Houses
- 19 Freeland Lane, Fitzroy $2,600,000
- 11 Alister Street, Fitzroy North $2,504,000
- 93 Union Road, Surrey Hills $1,950,000
- 12 Carolina Street, Mount Waverley $1,690,000
- 44 Montana Street, Glen Iris $1,620,000
Top 5 Bargain Houses
- 4/58 Sharps Road, Tullamarine $262,500
- 10 Edgeware Close, Kealba $330,000
- 4 Rebecca Mac Court, Hallam $395,000
- 23 Leonard Avenue, St Albans $405,000
- 13 St Johns Court, South Morang $406,000
Top 5 Apartments
- 30/23 Coate Avenue, Alphington $1,690,000
- 1B Wembley Avenue, Cheltenham $1,060,000
- 1/99 Bogong Avenue, Glen Waverley $1,050,000
- 3/64 Kooyongkoot Road, Hawthorn $1,020,000
- 10 Wilson Avenue, Brunswick $805,000
Top 5 Bargain Apartments
- 25/77 Park Street, South Yarra $341,000
- 5/28 Snell Grove, Pascoe Vale $395,000
- 3/152 St Vigeons Road, Reservoir $402,000
- 11/47-53 Edwardes Street, Reservoir $405,000
- 608/277 Barkly Street, Footscray $487,500
Source: REIV
