Another positive weekend in real estate, as there were over 1000 auctions held in Melbourne on 20th September 2014.

Of the 755 reported to date, 589 properties have been sold – a clearance rate of 78%.

Some notable sales for the weekend include:
28 Davies Street, Brunswick sold for $1.34 million
15 Nevis Street, Camberwell sold for $3.17 million
415 Burke Road, Glen Iris sold for $1.332 million
1 Ivanhoe Street, Glen Waverley sold for $2.255 million

Of course, there are always some disappointed vendors too.
4 Irving Street, Malvern was passed in for $3.77 million, which is significantly short of the owner’s expectations, as it is now on the market for $4.2 million.
9 Ellis Road, Glen Iris passed in for $1.88 million and is now advertised online for $1.995 million
5 Cool Street, Reservoir was passed in for $601,000 and is now being advertised for $679,000

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