The property auction season went into overdrive as Melbourne had a massive 1558 auctions scheduled for the weekend and from the 1187 reported to date, 902 properties have been sold which represents a clearance rate of 75% on 25th October 2014 and an overall median sale price of $760,000.

Auctioneers in Glen Iris were rushed off their feet with 21 auctions held and 15 of the properties successfully sold at auction. There was also an additional property in the suburb that had been sold prior to the auction being held.

The biggest sale for the suburb was a 1920s home known as ‘Clovelly’ at 13 Harold Avenue, which sold for $2,725,000.

Other auction results for Glen Iris include:
18 Audrey Crescent – Sold for $1.476m
39 Bath Road – Sold for $1.5555m
4 Britten Street – Sold (undisclosed)
48 Celia Street – Passed in (undisclosed)
10/2 Edgar Street – Sold for $355,000
1/11 Grandview Avenue – Passed in for $1.26m
47 Great Valley Road – Sold for $1.557m
4/4 Kent Street – Vendor Bid of $260,000
1674-1676 Malvern Road – Sold (undisclosed)
4/1690 Malvern Road – Sold for $465,000
1722-1724 Malvern Road – Passed in for $1.6m
1823-1825 Malvern Road – Passed in for $1.32m
49 Martin Road – Sold (undisclosed)
6 Moonya Road – Sold for $1.542m
1 Nerissa Street – Sold for $1.35m
7 Netherlee Street – Sold for $2.02m
12/48 Scott Grove – Sold for $285,000
63 Summerhill Road – Passed in for $1.28m
7/283-285 Tooronga Road – Sold for $280,000
1/36 Yeovil Road – Sold for $1.5m

There have been more than 31,000 auctions in Melbourne this year, with Reservoir topping the list, having had more than 500 auctions held so far.

If you would some free property research, we can provide reports for either a specific address or suburb, please contact chrisb@homeedge.com.au.

 

Disclaimer: to the best of our knowledge, we believe the information is correct but it is not to be treated as advice and we offer no warranty as to the accuracy of the information provided or any action taken by any person relying on it. Please notify us if you are aware of inaccuracies contained on our website and we will endeavour to rectify them as soon as possible.

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