329 Beach Road Black Rock For Sale by Private Negotiation contact Scott Banks 0411 700 099 

Today’s auction clearance rate was 58 per cent, compared to 64 per cent last weekend, and 63 per cent on this weekend last year.

The small reduction in the clearance rate follows a doubling of the number of auctions compared to last weekend.

A total of 546 auctions were reported to the REIV today. Homes sold comprise 317 of the total. The remaining 229 were passed in, 149 of those on a vendor’s bid.

Next weekend the REIV expects 880 auctions followed by 870 in a fortnight.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 546
Last Week: 297
This time last year: 716

S Sold at Auction: 241
SB Sold before Auction: 75
SA Sold after Auction: 1

Passed in: 229
Passed in on vendor’s bid: 149

Clearance rate: 58%

Postponed: 7
Withdrawn: 2
Auctions with no result: 72

PS Private Sales: 490

Total Volume (Auctions): $224.81mil
Total Volume (Private Sales): $228.74mil

Total Auctions Houses: 348
Clearance Rate: 59%
Median Price: $735,000
Total Value: $163,859,138

Total Auctions Flats/Apartments: 184
Clearance Rate: 55%
Median Price: $482,000
Total Value: $57,194,300

Total Auctions Vacant Land: 14
Clearance Rate: 71%
Median Price: $387,500
Total Value: $3,755,000

House Sales in Detail

TOP 5 HOUSES

1. 148 Beaconsfield Parade, Albert Park $3,010,000
2. 56 Central Park Road, Malvern East $2,680,000
3. 1 Farleigh Grove, Brighton $2,222,000
4. 83 Locksley Road, Ivanhoe $2,025,000
5. 10 Victoria Street, Sandringham $1,935,000

TOP 5 BARGAIN HOUSES

1. 27 Mercier Street, Coburg North $272,000
2. 3 Orville Street, Coolaroo $280,000
3. 2/27 Hook Street, St Albans $280,000
4. 5 Acre Rise, Hampton Park $281,000
5. 26 Nebel Street, Lalor $300,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 669 Orrong Road, Toorak $1,550,000
2. 2/351 Glenferrie Road, Malvern $1,260,000
3. 2/10 Ridgeway Avenue, Kew $925,000
4. 6 Kaikoura Avenue, Hawthorn East $915,000
5. 23 Grandview Road, Niddrie $848,000

TOP 5 BARGAIN APARTMENTS

1. 2/37 Kidman Street, Yarraville $240,500
2. 14/6 Garnet Street, Brunswick $245,000
3. 8/87 Heller Street, Brunswick West $278,000
4. 3/9 Robinson Road, Hawthorn $287,000
5. 8/3-5 Bradshaw Street, Kingsbury $290,000

SOURCE: REIV

Circular Room with Moroccan style, built-in seating, custom made Versace red carpet, gas log fire, 12 foot curved glass marine aquarium, spectacular views of Port Phillip Bay.

REIV Auction and sales results Saturday 11th & Sunday 12th February 2012

This weekend’s auction clearance rate was 66 per cent, compared to 54 per cent last weekend, and 63 per cent on this weekend last year.

This is a modest improvement on last year’s results, however the outcome of auctions over the coming two weekends will provide a clearer indication of the state of the market.

A total of 276 auctions were reported this weekend. Homes sold comprise 181 of the total. The remaining 95 were passed in, 60 of those on a vendor’s bid.

There are 1500 auctions scheduled between now and the end of February.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 276
Last Week: 127
This time last year: 424

S Sold at Auction: 141
SB Sold before Auction: 40
SA Sold after Auction: 0

Passed in: 95
Passed in on vendor’s bid: 60

Clearance rate: 66%

Postponed: 2
Withdrawn: 2
Auctions with no result: 36

PS Private Sales: 519

Total Volume (Auctions): $111.11mil
Total Volume (Private Sales): $252.03mil

Total Auctions Houses: 173
Clearance Rate: 67%
Median Price: $602,500
Total Value: $74,176,388

Total Auctions Flats/Apartments: 96
Clearance Rate: 65%
Median Price: $520,000
Total Value: $35,709,119

Total Auctions Vacant Land: 7
Clearance Rate: 43%
Median Price: $405,000
Total Value: $1,220,000

House Sales in Detail

TOP 5 HOUSES

1. 65 Stevenson Street, Kew $3,000,000
2. 21 Alleyne Avenue, Armadale $1,965,000
3. 9 Milverton Street, Moonee Ponds $1,720,000
4. 20 Broomfield Avenue, Alphington $1,262,000
5. 477 Rae Street, Fitzroy North $1,110,000

TOP 5 BARGAIN HOUSES

1. 2 Shearer Court, Narre Warren $300,000
2. 21 Fortescue Avenue, Seaford $315,000
3. 91 Willow Road, Frankston $325,000
4. 10 Dundee Close, Gladstone Park $331,000
5. 59 Holt Street, Ardeer $341,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 302/279 Wellington Parade South, East Melbourne $1,650,000
2. 18 Centre Road, Brighton East $960,000
3. 17 Legon Street, Port Melbourne $900,000
4. 2/6 Henderson Court, Glen Waverley $781,000
5. 12/201 Abbotsford Street, North Melbourne $780,000

TOP 5 BARGAIN APARTMENTS

1. 3/65 Ballarat Road, Footscray $260,000
2. 23 Hilltop Mews, Frankston $295,000
3. 3/383 Gilbert Road, Preston $343,500
4. 49/93-103 High Street, Preston $352,000
5. 5/18 Fisher Parade, Ascot Vale $360,000

SOURCE: REIV

Have a safe and happy Christmas 2011. It’s been an absolute joy serving all your property needs this year and we are all absolutely looking forward to serving you all again in 2012

The clearance rate this weekend is 53 per cent compared to 53 per cent last weekend and 62 per cent this weekend last year.

There have been 482 auctions reported this weekend of which 254 sold and 228 were passed in, 155 of those on a vendors bid.

This weekend is the final one this year with a substantial number of auctions – there are only another 40 auctions scheduled to occur before the end of the year.

The number of auctions for 2011 looks likely to be just short of 29,000 with a clearance rate of 56 per cent. The REIV will publish final overall results for the auction market on Wednesday at www.reiv.com.au.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 482
Last weekend: 885
This time last year: 662

S Sold at Auction: 206
SB Sold before Auction: 47
SA Sold after Auction: 1

Passed in: 228
Passed in on vendor’s bid: 155

Clearance rate: 53%

Postponed: 4
Withdrawn: 2
Auctions with no result: 122

PS Private Sales: 585

Total Volume (Auctions): $167.49mil
Total Volume (Private Sales): $285.07mil

Total Auctions Houses: 311
Clearance Rate: 58%
Median Price: $672,500
Total Value: $130,420,388

Total Auctions Flats/Apartments: 156
Clearance Rate: 45%
Median Price: $494,750
Total Value: $34,704,699

Total Auctions Vacant Land: 13
Clearance Rate: 23%
Median Price: $240,000
Total Value: $1,105,000

House Sales in Detail

TOP 5 HOUSES
1. 23 Bridge Street, Hampton $2,165,000
2. 53 Camperdown Street, Brighton East $2,010,000
3. 42 Clara Street, South Yarra $1,900,000
4. 30 Jackson Road, Mount Eliza $1,580,000
5. 43 Yongala Street, Balwyn $1,370,000

TOP 5 BARGAIN HOUSES
1. 4 Cyprus Place, Melton West $205,000
2. 52 Tollhouse Road, Kings Park $250,000
3. 30 Woodland Drive, Albanvale $269,500
4. 10A Chestnut Road, Mill Park $317,500
5. 2/8 Coventry Street, Tullamarine $318,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 74B Miller Street, Carnegie $913,000
2. 4/68 Lyndhurst Street, Richmond $765,000
3. 2/5 Ailsa Court, Balwyn North $760,000
4. 3/42 Elizabeth Street, Malvern $745,000
5. 32A Crisp Street, Hampton $730,000

TOP 5 BARGAIN APARTMENTS
1. 311/1 Queens Avenue, Hawthorn $101,000
2. 1/11 London Street, Broadmeadows $200,000
3. 1/68 Ormond Road, Ascot Vale $256,000
4. 2/161 Cleeland Street, Dandenong $267,000
5. 5/1 Mcfadzean Avenue, Reservoir $280,000

SOURCE: REIV

Another very happy family… another GREAT day at Scott Banks Real Estate Group!

The clearance rate this weekend is 53 per cent compared to 53 per cent last weekend and 62 per cent this weekend last year.

There have been 474 auctions reported this weekend of which 252 sold and 222 were passed in, 153 of those on a vendors bid.

This weekend is the final one this year with a substantial number of auctions – there are only another 40 auctions scheduled to occur before the end of the year.

The number of auctions for 2011 looks likely to be just short of 29,000 with a clearance rate of 56 per cent. The REIV will publish final overall results for the auction market on Wednesday at www.reiv.com.au .

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 474
Last weekend: 851
This time last year: 649

S Sold at Auction: 205
SB Sold before Auction: 46
SA Sold after Auction: 1

Passed in: 222
Passed in on vendor’s bid: 153

Clearance rate: 53%

Postponed: 4
Withdrawn: 1
Auctions with no result: 123

PS Private Sales: 585

Total Volume (Auctions): $166.47mil
Total Volume (Private Sales): $285.07mil

Total Auctions Houses: 305
Clearance Rate: 58%
Median Price: $675,000
Total Value: $129,827,888

Total Auctions Flats/Apartments: 154
Clearance Rate: 45%
Median Price: $495,000
Total Value: $34,281,699

Total Auctions Vacant Land: 13
Clearance Rate: 23%
Median Price: $240,000
Total Value: $1,105,000

House Sales in Detail

TOP 5 HOUSES
1. 85 Broadway, Camberwell $3,220,000
2. 23 Bridge Street, Hampton $2,165,000
3. 53 Camperdown Street, Brighton East $2,010,000
4. 42 Clara Street, South Yarra $1,900,000
5. 30 Jackson Road, Mount Eliza $1,580,000

TOP 5 BARGAIN HOUSES
1. 4 Cyprus Place, Melton West $205,000
2. 52 Tollhouse Road, Kings Park $250,000
3. 30 Woodland Drive, Albanvale $269,500
4. 10A Chestnut Road, Mill Park $317,500
5. 2/8 Coventry Street, Tullamarine $318,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 74B Miller Street, Carnegie $913,000
2. 4/68 Lyndhurst Street, Richmond $765,000
3. 2/5 Ailsa Court, Balwyn North $760,000
4. 3/42 Elizabeth Street, Malvern $745,000
5. 32A Crisp Street, Hampton $730,000

TOP 5 BARGAIN APARTMENTS
1. 311/1 Queens Avenue, Hawthorn $101,000
2. 1/11 London Street, Broadmeadows $200,000
3. 1/68 Ormond Road, Ascot Vale $256,000
4. 2/161 Cleeland Street, Dandenong $267,000
5. 5/1 Mcfadzean Avenue, Reservoir $280,000

SOURCE: REIV

21 Luckins Road Bentleigh passed in at auction $1,310,000 Reserve Undisclosed

The clearance rate this weekend is 55 per cent compared to 53 per cent last weekend and 57 per cent this weekend last year.

There is only one more normal weekend of auctions this year and it appears that the overall clearance rate in 2011 will be 56 per cent.

There has been a total of 741 auctions reported this weekend of which 408 sold and 333 were passed in, 209 of those on a vendors bid.

Next weekend the REIV expects 615 auctions.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 741
Last weekend: 738
This time last year: 1179

S Sold at Auction: 326
SB Sold before Auction: 81
SA Sold after Auction: 1

Passed in: 333
Passed in on vendor’s bid: 209

Clearance rate: 55%

Postponed: 4
Withdrawn: 4
Auctions with no result: 135

PS Private Sales: 600

Total Volume (Auctions): $282.12mil
Total Volume (Private Sales): $279.44mil

Total Auctions Houses: 510
Clearance Rate: 56%
Median Price: $630,000
Total Value: $217,546,757

Total Auctions Flats/Apartments: 216
Clearance Rate: 56%
Median Price: $500,000
Total Value: $62,660,350

Total Auctions Vacant Land: 14
Clearance Rate: 21%
Median Price: $400,000
Total Value: $1,910,000

House Sales in Detail

TOP 5 HOUSES
1. 23 Swinton Avenue, Kew $3,592,500
2. 259 Scotchmer Street, Fitzroy North $3,185,000
3. 123 The Boulevard, Ivanhoe $1,975,000
4. 347 St Kilda Street, Brighton $1,925,000
5. 7 Rae Street, Hawthorn $1,895,000

TOP 5 BARGAIN HOUSES
1. 49 Exford Road, Melton South $192,500
2. 19 Rosemary Crescent, Frankston North $210,500
3. 33 Walnut Street, Whittlesea $259,500
4. 92 Dalray Crescent, Kurunjang $260,000
5. 10 Robertson Drive, Mornington $261,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 3.03/1 Wallace Avenue, Toorak $1,406,000
2. 15A Peel Street, Kew $1,160,000
3. 9 Walsh Street, West Melbourne $1,032,500
4. 9B Charles Street, Bentleigh East $940,000
5. 47 Abinger Street, Richmond $830,000

TOP 5 BARGAIN APARTMENTS
1. 21/44 Kneen Street, Fitzroy North $215,000
2. 9/45 Oakleigh Road, Carnegie $216,000
3. 3/34 Sharps Road, Tullamarine $237,000
4. 8/34 Gardenia Road, Elsternwick $275,500
5. 3/30 Delaware Street, Reservoir $286,750

SOURCE: REIV

The Reserve Bank has given retailers and borrowers something to cheer about.

The Reserve Bank has delivered an early Christmas gift to borrowers and retailers by cutting its key interest rate for the second month in a row.

The central bank cut its cash rate 25 basis points to 4.25 per cent, marking the first back-to-back monthly cuts since April 2009.

If passed along in full by the banks, today’s cut will save the average mortgage holder – with a $300,000, 25-year mortgage – about $47 a month. Retailers had been calling for a rate reduction to help bolster tepid sales heading in the final few weeks of 2011.

Economists had been split almost evenly between those forecasting a rate cut or a rate pause. Financial markets, though, had tipped the central bank would again cut rates as the global economic outlook dims.

The dollar sank after the rate cut as the Australian currency lost some of its appeal. It sank more than half a US cent to fall below $US1.02.

The Reserve Bank board is not due to meet again to set interest rates until February 7 next year.

More to come

czappone@fairfax.com.au

Source: domain.com.au

Auction this coming Saturday at 3:30 pm Stately and simply stunning! 21 Luckins Road Bentleigh

The clearance rate from this weekend’s auctions is 55 per cent compared to 51 per cent last weekend and 60 per cent this weekend last year.

For the fifth week in a row there has been no substantive change in the level of demand at auctions and the REIV expects the current state of the market to continue till the end of the year.

There has been a total of 683 auctions reported of which 374 sold and 309 passed in, 216 of those on a vendors bid.

The REIV expects around 900 auctions next weekend.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 683
Last weekend: 968
This time last year: 1071

S Sold at Auction: 306
SB Sold before Auction: 67
SA Sold after Auction: 1

Passed in: 309
Passed in on vendor’s bid: 216

Clearance rate: 55%

Postponed: 0
Withdrawn: 4
Auctions with no result: 118

PS Private Sales: 493

Total Volume (Auctions): $276.98mil
Total Volume (Private Sales): $231.21mil

Total Auctions Houses: 456
Clearance Rate: 54%
Median Price: $725,000
Total Value: $204,538,499

Total Auctions Flats/Apartments: 214
Clearance Rate: 57%
Median Price: $495,000
Total Value: $66,646,250

Total Auctions Vacant Land: 13
Clearance Rate: 46%
Median Price: $1,800,000
Total Value: $5,793,000

House Sales in Detail

TOP 5 HOUSES
1. 31 Adelaide Street, Armadale $2,425,000
2. 157 Leicester Street, Fitzroy $2,360,000
3. 8 Bolton Avenue, Hampton $2,250,000
4. 4 Coombs Avenue, Kew $1,850,000
5. 13 Lofty Avenue, Camberwell $1,725,000

TOP 5 BARGAIN HOUSES
1. 47 Orrong Avenue, Reservoir $320,000
2. 3 Stewart Grove, Campbellfield $328,000
3. 5A Vines Court, Mill Park $330,000
4. 10 Lyndall Road, Belgrave South $335,000
5. 3 Hotham Street, Braybrook $375,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 17.3/193 Domain Road, South Yarra $2,250,000
2. 1/5 Woorigoleen Road, Toorak $1,550,000
3. 29 Holroyd Avenue, St Kilda East $1,250,000
4. 2/2 Marine Avenue, St Kilda $1,115,000
5. 6 Harold Street, Sandringham $1,102,000

TOP 5 BARGAIN APARTMENTS
1. 13/17 Park Street, Hawthorn $250,000
2. 4/28 Ormond Road, West Footscray $265,500
3. 13/176 Rathcown Road, Reservoir $292,500
4. 13/1 Greenfield Street, Clayton $300,000
5. 1/80 Alexander Avenue, Thomastown $315,000

SOURCE: REIV

Large Penthouse apartment available great central sought after location close to all facilities

The clearance rate from this weekend’s auctions is 54 per cent compared to 51 per cent last weekend and 60 per cent this weekend last year.

For the fifth week in a row there has been no substantive change in the level of demand at auctions and the REIV expects the current state of the market to continue till the end of the year.

There has been a total of 656 auctions reported of which 353 sold and 303 passed in, 211 of those on a vendors bid.

The REIV expects around 900 auctions next weekend.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 656
Last weekend: 926
This time last year: 1020

S Sold at Auction: 288
SB Sold before Auction: 64
SA Sold after Auction: 1

Passed in: 303
Passed in on vendor’s bid: 211

Clearance rate: 54%

Postponed: 0
Withdrawn: 4
Auctions with no result: 122

PS Private Sales: 493

Total Volume (Auctions): $257.11mil
Total Volume (Private Sales): $231.21mil

Total Auctions Houses: 440
Clearance Rate: 53%
Median Price: $720,000
Total Value: $190,449,499

Total Auctions Flats/Apartments: 203
Clearance Rate: 56%
Median Price: $475,000
Total Value: $60,871,750

Total Auctions Vacant Land: 13
Clearance Rate: 46%
Median Price: $1,800,000
Total Value: $5,793,000

House Sales in Detail

TOP 5 HOUSES
1. 31 Adelaide Street, Armadale $2,425,000
2. 157 Leicester Street, Fitzroy $2,360,000
3. 8 Bolton Avenue, Hampton $2,250,000
4. 4 Coombs Avenue, Kew $1,850,000
5. 24 Iris Road, Glen Iris $1,680,000

TOP 5 BARGAIN HOUSES
1. 47 Orrong Avenue, Reservoir $320,000
2. 3 Stewart Grove, Campbellfield $328,000
3. 5A Vines Court, Mill Park $330,000
4. 10 Lyndall Road, Belgrave South $335,000
5. 3 Hotham Street, Braybrook $375,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 17.3/193 Domain Road, South Yarra $2,250,000
2. 1/5 Woorigoleen Road, Toorak $1,500,000
3. 2/2 Marine Avenue, St Kilda $1,115,000
4. 6 Harold Street, Sandringham $1,102,000
5. 141 Napier Street, South Melbourne $925,000

TOP 5 BARGAIN APARTMENTS
1. 13/17 Park Street, Hawthorn $250,000
2. 4/28 Ormond Road, West Footscray $265,500
3. 13/176 Rathcown Road, Reservoir $292,500
4. 13/1 Greenfield Street, Clayton $300,000
5. 1/80 Alexander Avenue, Thomastown $315,000

SOURCE: REIV

Penthouse with city views 2 bed 2 bath 1 car great development construction commenced completion mid 2012, large stamp duty savings contact Scott Banks 0411 700 099

The clearance rate this weekend is 53 per cent compared to 50 per cent last weekend and 59 per cent this weekend last year.

Results from the last months auctions show how evenly balanced the market is with half the auctions resulting in a sale. This provides buyers with considerable opportunities to make offers on homes that are not being sold at their auction.

There were a total of 899 auctions reported of which 477 sold and 422 were passed in, 264 of those on a vendors bid.

Next weekend the REIV expects around 800 auctions and 925 the weekend after.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 899
Last weekend: 762
This time last year: 1101

S Sold at Auction: 396
SB Sold before Auction: 80
SA Sold after Auction: 1

Passed in: 422
Passed in on vendor’s bid: 264

Clearance rate: 53%

Postponed: 7
Withdrawn: 10
Auctions with no result: 97

PS Private Sales: 528

Total Volume (Auctions): $351.4mil
Total Volume (Private Sales): $260.05mil

Total Auctions Houses: 612
Clearance Rate: 52%
Median Price: $727,500
Total Value: $262,114,900

Total Auctions Flats/Apartments: 265
Clearance Rate: 57%
Median Price: $526,000
Total Value: $83,614,750

Total Auctions Vacant Land: 19
Clearance Rate: 42%
Median Price: $450,000
Total Value: $2,967,000

House Sales in Detail

TOP 5 HOUSES
1. 98-100 Mont Albert Road, Canterbury $3,380,000
2. 99 Canterbury Road, Toorak $2,700,000
3. 4b Lorac Avenue, Brighton $2,425,000
4. 45 First Avenue, Kew $2,350,000
5. 5 Binnie Street, Brighton East $1,950,000

TOP 5 BARGAIN HOUSES
1. 6 Fell Road, Cockatoo $230,000
2. 37 Morwell Crest, Dallas $284,000
3. 55 Dickens Street, Lalor $314,500
4. 7 Malanda Court, Berwick $315,000
5. 397 Browns Road, Rye $325,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 6/50 Marne Street, South Yarra $1,900,000
2. 2/11 Rowland Street, Mont Albert $1,050,000
3. 1/2A Dendy Street, Brighton $930,000
4. 73 Mckinnon Road, Mckinnon $925,000
5. 8/16-18 Abinger Street, Richmond $925,000

TOP 5 BARGAIN APARTMENTS
1. 4/5 Gnarwyn Road, Carnegie $268,000
2. 2/58 Templestowe Road, Bulleen $285,000
3. 3/38 Rankins Road, Kensington $290,000
4. 13/7 Davison Street, Richmond $290,000
5. 3/23 Acland Street, St Kilda $300,000

SOURCE: REIV

21 Luckins Rd Bentleigh for auction Saturday 10th December at 3:30 contact Scott Banks for further details 0411 700 099

The clearance rate this weekend is 53 per cent compared to 50 per cent last weekend and 59 per cent this weekend last year.

Results from the last months auctions show how evenly balanced the market is with half the auctions resulting in a sale. This provides buyers with considerable opportunities to make offers on homes that are not being sold at their auction.

There were a total of 855 auctions reported of which 452 sold and 403 were passed in, 248 of those on a vendors bid.

Next weekend the REIV expects around 800 auctions and 925 the weekend after.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 855
Last weekend: 737
This time last year: 1034

S Sold at Auction: 377
SB Sold before Auction: 74
SA Sold after Auction: 1

Passed in: 403
Passed in on vendor’s bid: 248

Clearance rate: 53%

Postponed: 6
Withdrawn: 0
Auctions with no result: 100

PS Private Sales: 529

Total Volume (Auctions): $328.87mil
Total Volume (Private Sales): $260.42mil

Total Auctions Houses: 588
Clearance Rate: 52%
Median Price: $712,500
Total Value: $248,328,500

Total Auctions Flats/Apartments: 248
Clearance Rate: 56%
Median Price: $524,000
Total Value: $77,370,250

Total Auctions Vacant Land: 17
Clearance Rate: 41%
Median Price: $450,000
Total Value: $2,967,000

House Sales in Detail

TOP 5 HOUSES
1. 98-100 Mont Albert Road, Canterbury $3,380,000
2. 99 Canterbury Road, Toorak $2,700,000
3. 4b Lorac Avenue, Brighton $2,425,000
4. 45 First Avenue, Kew $2,350,000
5. 5 Binnie Street, Brighton East $1,950,000

TOP 5 BARGAIN HOUSES
1. 6 Fell Road, Cockatoo $230,000
2. 37 Morwell Crest, Dallas $284,000
3. 55 Dickens Street, Lalor $314,500
4. 7 Malanda Court, Berwick $315,000
5. 397 Browns Road, Rye $325,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 6/50 Marne Street, South Yarra $1,900,000
2. 2/11 Rowland Street, Mont Albert $1,050,000
3. 1/2A Dendy Street, Brighton $930,000
4. 73 Mckinnon Road, Mckinnon $925,000
5. 8/16-18 Abinger Street, Richmond $925,000

TOP 5 BARGAIN APARTMENTS
1. 4/5 Gnarwyn Road, Carnegie $268,000
2. 2/58 Templestowe Road, Bulleen $285,000
3. 3/38 Rankins Road, Kensington $290,000
4. 13/7 Davison Street, Richmond $290,000
5. 3/23 Acland Street, St Kilda $300,000

SOURCE: REIV

The Melbourne auction market has been typified by consistently moderate levels of demand this year and this weekend is no different with a clearance rate of 53 per cent being recorded.

2/1 Scott Street Elwood classic Art Deco apartment in sought after Elwood location contact Scott Banks for further details 0411 700 099

The Melbourne auction market has been typified by consistently moderate levels of demand this year and this weekend is no different with a clearance rate of 52 per cent being recorded.

Australian model and TV presenter, Jennifer Hawkins is selling her Coogee home for $2.5 million

The model bought the four-level property in 2008 for $2.27 million. It features three bedrooms and three bathrooms, cellar, pool, numerous alfresco living areas, and a private rooftop terrace with ocean views.

Along with her builder fiancé, Jake Wall, the couple already have an impressive property portfolio including three houses in Newcastle, a unit in Kings Cross, as well as a property the couple are building on Sydney’s Northern beaches.

Hawkins, who skyrocketed to fame when she won the title of Miss Universe 2004, has hosted the Seven Network coverage of The Melbourne Cup in 2004 and The Great Outdoors. She has also been a guest on the popular TV show Dancing with the Stars and has been the ongoing face of Australian department store Myer since 2007.

For more property for sale in Coogee, visit Millionplus

Fawkner Towers

431 St Kilda Road Melbourne

Penthouse Pool and chill out area

The clearance rate this weekend is 54 per cent compared to 50 per cent on each of the past two weekends and 59 per cent this weekend last year.

21 Luckins Road Bentleigh For Sale by Private Negotiation Contact: Scott Banks 0411 700 099

The clearance rate this weekend is 53 per cent compared to 50 per cent on each of the past two weekends and 59 per cent this weekend last year.

The clearance rate this weekend is 53 per cent compared to 50 per cent last weekend and 59 per cent for this weekend last year.

The clearance rate this weekend is 52 per cent compared to 50 per cent last weekend and 59 per cent for this weekend last year.

Recent information is consistent with a moderation in the pace of global growth, though fears of a major downturn have not been borne out so far. The  pace of US economic expansion picked up in the September quarter, but is still only moderate and leaves considerable spare capacity. China’s growth has slowed, as policymakers there had intended. Output in Asia has now recovered from the effects of the Japanese earthquake, and domestic demand in the region is generally expanding. Trade performance, however, is starting to see some effects of a significant slowing in economic activity in Europe, where the prospects are for economic weakness to continue. Commodity prices, while still at high levels, have generally declined over recent months.

Financial markets have recovered somewhat from the turmoil of recent months,
helped by stronger economic data in the United States and by signs that European
governments are making progress in their efforts to deal with the sovereign debt
and banking problems. Equity markets have gained ground and the Australian
dollar has risen significantly as risk aversion has lessened. But it is likely
to be some time yet before concerns about the European situation can
definitively be laid to rest and the effects of the recent turmoil on confidence
may result in a period of precautionary behaviour by firms and households.

Information about the Australian economy suggests moderate growth overall.
The terms of trade have now peaked and will decline somewhat in the near term,
but they remain very high. In response, investment in the resources sector is
picking up very strongly, with much more to come. Some related service sectors
are enjoying better-than-average conditions. In other sectors, cautious
behaviour by households and the high exchange rate have had a noticeable
dampening effect. The unemployment rate has increased a little over recent
months, though it remains close to 5 per cent.

After underlying inflation started to pick up in the first half of the year,
recent information suggests the subdued demand conditions and the high exchange
rate have contained inflation more recently, notwithstanding continuing sizeable
increases in utilities charges. CPI inflation on a year-ended basis remains
above the target, due to the effects of weather events last summer, but is now
starting to decline as production of key crops recovers. Moreover, with labour
market conditions now softer, the likelihood of a significant acceleration in
labour costs outside the resources and related sectors in the near term has
lessened. Accordingly, the Bank’s current judgement is that inflation is likely
to be consistent with the 2–3 per cent target in 2012 and 2013, abstracting from
the impact of the carbon pricing scheme.

Financial conditions have been easing somewhat recently, with market interest
rates declining a little and competition to lend increasing.  But overall
conditions have remained tighter than normal, with borrowing rates still a
little higher than average, credit growth subdued and asset prices lower than
earlier in the year. The exchange rate has been very variable over the past few
months, but on the whole has remained at historically high levels.

Over the past year, the Board has maintained a mildly restrictive stance of
monetary policy, in view of its concerns about inflation. With overall growth
moderate, inflation now likely to be close to target and confidence subdued
outside the resources sector, the Board concluded that a more neutral stance of
monetary policy would now be consistent with achieving sustainable growth and
2–3 per cent inflation over time.

SOURCE: RBA

The clearance rate this weekend is 53 per cent compared to 53 per cent last weekend and 66 per cent this weekend last year.

It has been twelve months since the Reserve Bank last increased interest rates.  This Tuesday, buyers, sellers and mortgage holders will be hoping to see a cut to rates and if it occurs it will help encourage more buyers into the market, particularly in 2012.

There were a total of 362 auctions reported this weekend of which 193 sold and 169 were passed in, 113 of those on a vendors bid.

The REIV expects around 595 auctions next weekend followed by 870 the weekend after.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 3462
Last week: 823
This time last year: 410

S Sold at Auction: 163
SB Sold before Auction: 30
SA Sold after Auction: 0

Passed in: 169
Passed in on vendor’s bid: 113

Clearance rate: 53%

Postponed: 3
Withdrawn: 4
Auctions with no result: 71

PS Private Sales: 515

Total Volume (Auctions): $128.11mil
Total Volume (Private Sales): $261.09mil

Total Auctions Houses: 232
Clearance Rate: 55%
Median Price: $659,000
Total Value: $97,421,200

Total Auctions Flats/Apartments: 117
Clearance Rate: 53%
Median Price: $458,500
Total Value: $30,050,500

Total Auctions Vacant Land: 9
Clearance Rate: 22%
Median Price: $168,000
Total Value: $336,000

House Sales in Detail

TOP 5 HOUSES
1. 34 Chatsworth Road, Prahran $3,137,500
2. 77 Grey Street, East Melbourne $2,832,500
3. 9 Laverton Street, Williamstown $2,000,000
4. 22 Rockingham Street, Kew $1,880,000
5. 154-156 Francis Street, Yarraville $1,872,000

TOP 5 BARGAIN HOUSES
1. 15 Warrah Street, Mornington $283,500
2. 35 Wright Street, Laverton $295,000
3. 30 Strawberry Road, Kurunjang $301,000
4. 10 Chisholm Court, Mill Park $348,000
5. 4 Dunk Close, Mill Park $348,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 3703/1 Freshwater Place, Southbank $840,000
2. 2/7 Griffiths Court, Mount Waverley $740,000
3. 1705/8 McCrae Street, Docklands $732,000
4. 5/46 Middleton Street, Black Rock $690,000
5. 23/22 Bosisto Street, Richmond $660,000

TOP 5 BARGAIN APARTMENTS
1. 3/6 Griffiths Street, Reservoir $253,000
2. 5/50 Normanby Avenue, Thornbury $253,000
3. 410/99 A’Beckett Street, Melbourne $262,500
4. 4/26 Darebin Road, Northcote $264,000
5. 1/19 Burton Avenue, Clayton $288,000

SOURCE: REIV

The official data show inflation slowed in the September quarter from 0.9 to 0.6 per cent, in line with most economists’ expectations.

The most significant price rises during the quarter were for utilities, including electricity, rent, water and property rates.

These rises were offset by a fall in prices for fruit and vegetables, fuel and automotive costs.

Underlying inflation, which is the Reserve Bank of Australia’s preferred measure, saw a very small rise, putting the annual rate right in the middle of the RBA’s target range.

This has raised hopes of a cut in official interest rates on Melbourne Cup day.

The local share market rebounded after the announcement, with the All Ordinaries Index closing 13 points higher at 4,301, while the benchmark ASX 200 gained 15 points to 4,243.

The major mining companies had a mixed day.

Fortescue Metals added 1.5 per cent to $4.62 after announcing that it had raised $US1.5 billion through a bond issue.

The iron ore producer says the funds will be put towards its plan to expand production to 155 million tonnes per year.

The offering was originally launched at $US1 billion but was expanded because of strong demand.

Rio Tinto also recovered from morning losses to rise slightly to $66.74, while BHP Billiton trimmed its falls to close at $36.94.

Strength in the finance sector also boosted the market, with the big banks all gaining.

Westpac led the way, adding 1.4 per cent to close at $22.30.

On commodities markets West Texas Crude Oil was worth $US93 a barrel, while Tapis crude was worth $US122.

Spot gold was buying $US1,714 an ounce.

At 5:30pm (AEDT) the Australian dollar was worth 103.7 US cents, 78.7 Japanese yen, 64.7 British pence, 74.5 euro cents and $NZ1.30.

Source: abc.net.au

This weekend there has been 741 auctions reported of which 409 sold and 330 were passed in, 229 of those on a vendors bid.

Next weekend 445 auctions are expected, a lower number than this weekend due to the Melbourne Cup being raced on the following Tuesday.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 741
Last week: 677
This time last year: 1127

S Sold at Auction: 345
SB Sold before Auction: 64
SA Sold after Auction: 2

Passed in: 330
Passed in on vendor’s bid: 229

Clearance rate: 55%

Postponed: 6
Withdrawn: 4
Auctions with no result: 114

PS Private Sales: 532

Total Volume (Auctions): $329.56mil
Total Volume (Private Sales): $262.49mil

Total Auctions Houses: 498
Clearance Rate: 56%
Median Price: $744,000
Total Value: $247,693,250

Total Auctions Flats/Apartments: 232
Clearance Rate: 56%
Median Price: $539,750
Total Value: $78,846,300

Total Auctions Vacant Land: 10
Clearance Rate: 30%
Median Price: $545,000
Total Value: $3,020,000

House Sales in Detail

TOP 5 HOUSES
1. 38 Kerferd Street, Malvern East $2,862,000
2. 59 Mary Street, Hawthorn $2,855,000
3. 254 Riversdale Road, Hawthorn East $2,780,000
4. 9 Loch Street, Camberwell $2,675,000
5. 136 Beaconsfield Parade, Albert Park $2,660,000

TOP 5 BARGAIN HOUSES
1. 11 Sages Road, Baxter $193,000
2. 22 Curtin Crescent, Dandenong North $290,000
3. 39 Banbury Crescent, Craigieburn $295,000
4. 6 Pittaway Street, Mernda $335,500
5. 65 Maude Avenue, Glenroy $341,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 72A Wilson Street, Brighton $1,560,000
2. 1&2/571 Toorak Road, Toorak $1,500,000
3. 30A Tennyson Street, Sandringham $1,400,000
4. 19 Washington Street, Toorak $1,390,000
5. 4/62 Heyington Place, Toorak $1,260,000

TOP 5 BARGAIN APARTMENTS
1. 12/4 Sheffield Street, Preston $260,000
2. 8/99 Major Road, Fawkner $265,000
3. 15/99 Cowper Street, Footscray $285,000
4. 2/3 Broadmeadows Road, Tullamarine $300,000
5. 13/68 Kororoit Creek Road, Williamstown $310,000

SOURCE: REIV

The clearance rate this weekend was 56 per cent. This is a small improvement when compared to the 54 per cent recorded last weekend. The clearance rate this weekend last year was 67 per cent. It’s important to note that the number of auctions was higher last year with 1,127 homes offered for sale. This weekend there has been 703 auctions reported of which 391 sold and 312 were passed in, 218 of those on a vendors bid. Next weekend 445 auctions are expected, a lower number than this weekend due to the Melbourne Cup being raced on the following Tuesday.
Enzo Raimondo
CEO – REIV

Total Auctions

This week: 703
Last week: 650
This time last year: 1053

S Sold at Auction: 328
SB Sold before Auction: 61
SA Sold after Auction: 2

Passed in: 312
Passed in on vendor’s bid: 218

Clearance rate: 56%

Postponed: 4
Withdrawn: 3
Auctions with no result: 122

PS Private Sales: 534

Total Volume (Auctions): $313.89mil
Total Volume (Private Sales): $263.49mil

Total Auctions Houses: 479
Clearance Rate: 56%
Median Price: $734,000
Total Value: $239,890,250

Total Auctions Flats/Apartments: 215
Clearance Rate: 55%
Median Price: $526,000
Total Value: $70,982,800

Total Auctions Vacant Land: 8
Clearance Rate: 38%
Median Price: $545,000
Total Value: $3,020,000

House Sales in Detail

TOP 5 HOUSES
1. 38 Kerferd Street, Malvern East $2,862,000
2. 59 Mary Street, Hawthorn $2,855,000
3. 254 Riversdale Road, Hawthorn East $2,780,000
4. 9 Loch Street, Camberwell $2,675,000
5. 136 Beaconsfield Parade, Albert Park $2,660,000

TOP 5 BARGAIN HOUSES
1. 11 Sages Road, Baxter $193,000
2. 22 Curtin Crescent, Dandenong North $290,000
3. 39 Banbury Crescent, Craigieburn $295,000
4. 6 Pittaway Street, Mernda $335,500
5. 65 Maude Avenue, Glenroy $341,500

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 72A Wilson Street, Brighton $1,560,000
2. 1&2/571 Toorak Road, Toorak $1,500,000
3. 30A Tennyson Street, Sandringham $1,400,000
4. 4/62 Heyington Place, Toorak $1,260,000
5. 1/51 Cobden Street, Kew $1,150,000

TOP 5 BARGAIN APARTMENTS
1. 12/4 Sheffield Street, Preston $260,000
2. 8/99 Major Road, Fawkner $265,000
3. 15/99 Cowper Street, Footscray $285,000

4. 2/3 Broadmeadows Road, Tullamarine $300,000

5. 13/68 Kororoit Creek Road, Williamstown $310,000

SOURCE: REIV

WITH her life playing out like a soap opera in recent years, bungle-prone Lara Bingle has decided to own her dramas through a reality TV series.

Bingle has exposed her life to the cameras in a pilot for a reality show and is weighing up whether to push ahead with a full-blown series.

The sultry swimwear model, and headline magnet thanks to her regular dating dramas, has sought advice for the project from US TV host Ryan Seacrest, who is an executive producer of the wildly successful Kardashian family reality TV juggernaut, as well as close pal, radio shock jock Kyle Sandilands.

“It went really well and it is really funny,” Bingle said of the pilot she filmed in July.

“Hermione (Underwood, her manager) was in it, Max (May) and my family were in it.

“We did it over a week and it was pretty funny looking back over it. It is very real.”

Bingle was surprised how much happened in a week of her life.

“It is crazy. You don’t really magnify your life. Everything kind of passes by,” she said.

“Every day is different in my life, so it was weird to see it.”

But, while happy with the end product, Bingle is not sure if she is ready for the warts-and-all exposure.

“I took a step back (after watching the pilot) and I am still thinking as to if I would like my whole life to be out there, from when I go to the bathroom to when I wake up.

“If I was to do a reality TV show I would want it to be very real. I believe that is the only way they work.”

Bingle teamed up with a UK-based production company for the pilot and hopes if a series eventuates that it will be sold to English and Australian networks.

Bingle, in Melbourne this week as an ambassador for EatFitFood and with a lingerie project on the drawing board, said she planned to spend a significant amount of time overseas next year.

SOURCE: heraldsun.com.au

1          Demographic Data

2          Home Ownership Data

3          5 Yrs Median House Price

4          5 Yrs Median Unit Price

5          Capital Growth Rates

This information will help you to become more informed when making decisions to buy, sell or invest. Powered by information collected by the Real Estate Institutes in Victoria and New South Wales as well as data collected from agents in South Australia, the data provides you with the access to the same comprehensive, accurate and up to date property sales information relied upon by estate agents, valuers and Australia’s major banks.

Simply email YOUR Suburb to: free@scottbanks.com.au  Sample Report

The IMF has told finance ministers of the world’s Group of 20 nations the forces that caused the Great Depression in the 1930s are alive again.

But Mr Hockey has rebuffed the IMF’s call for Australia to postpone a planned return to surplus in 2013.

“The government should not delay any surplus because the government is enjoying the best terms of trade in 140 years,” he told reporters in Sydney.

“If you’re not running surpluses when you have unemployment of 5.2 per cent, you’re not doing the hard work.”

Mr Hockey said the Reserve Bank should cut interest rates to stimulate the economy.

“When it comes to Australian politics and managing the Australian economy, it’s quite clear there are a number of mechanisms available to stimulate the economy – one of them obviously an easing of cash rates by the Reserve Bank,” he said.

The coalition’s finance spokesman Andrew Robb said excessive government borrowing and wasteful spending was hurting confidence.

“Millions of Australian households and many businesses are not investing and are saving,” he said.

Earlier, deputy opposition leader Julie Bishop said the IMF advice showed the need for the government to rethink its carbon tax.

“The warning from the IMF should be taken seriously,” she told ABC radio on Wednesday.

“It’s further evidence this is not the time for the government to introduce a carbon tax.”

The federal government’s top finance bureaucrat David Tune told a Senate estimates hearing on Tuesday that a return to a budget surplus in 2012/13 remains the government’s current plan.

© 2011    AAP

The REIV’s September quarter property update shows that the median price of a home sold at private sale has dropped by 1 per cent, from
$485,000 to $480,000 since the June quarter. This is a better result than was recorded for homes sold at auction whose median price dropped by 5.1 per cent from $725,750 to $690,500 and is a reflection that there is greater demand for more affordable homes.

There were a total of 633 auctions reported of which 349 sold and 284 were passed in, 192 of those on a vendors bid.

Next weekend auction numbers increase again with 880 homes expected to be offered for sale.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 633
Last week: 556
This time last year: 706

S Sold at Auction: 293
SB Sold before Auction: 55
SA Sold after Auction: 1

Passed in: 284
Passed in on vendor’s bid: 192

Clearance rate: 55%

Postponed: 10
Withdrawn: 7
Auctions with no result: 63

PS Private Sales: 479

Total Volume (Auctions): $239.11mil
Total Volume (Private Sales): $220.04mil

Total Auctions Houses: 411
Clearance Rate: 54%
Median Price: $679,000
Total Value: $170,067,050

Total Auctions Flats/Apartments: 216
Clearance Rate: 56%
Median Price: $481,500
Total Value: $66,339,950

Total Auctions Vacant Land: 5
Clearance Rate: 80%
Median Price: $421,000
Total Value: $2,302,000

House Sales in Detail

TOP 5 HOUSES
1. 17 Riversdale Road, Hawthorn $3,185,000
2. 145 Musk Creek Road, Flinders $3,000,000
3. 17 Devorgilla Avenue, Toorak $2,400,000
4. 48 Cochrane Street, Brighton $2,015,000
5. 33 Harcourt Street, Hawthorn East $2,000,000

TOP 5 BARGAIN HOUSES
1. 3 Tarwin Court, Brookfield $232,000
2. 11 Eureka Street, Rye $290,000
3. 21 Opie Road, Deer Park $300,000
4. 12 Vincent Crescent, Noble Park $302,000
5. 18 Oswin Street, Crib Point $310,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 52/225 Beaconsfield Parade, Middle Park $2,125,000
2. 1007/107 Beach Street, Port Melbourne $1,622,000
3. 265/55 Victoria Harbour Promenade, Docklands $1,300,000
4. 97 Stawell Street, Richmond $1,210,000
5. 903/127 Beach Street, Port Melbourne $980,000

TOP 5 BARGAIN APARTMENTS
1. 2/3 Cascade Street, Frankston $185,000
2. 3/28 Forrest Street, Albion $290,000
3. 4/18 Duffy Street, Reservoir $300,000
4. 3/2 Alfred Street, Highett $330,000
5. 5/249 Victoria Street, Brunswick $335,000

SOURCE: REIV

The REIV’s September quarter property update shows that the median price of a homes sold at private sale has dropped by 1 per cent, from
$485,000 to $480,000 since the June quarter. This is a better result than for homes sold at auction whose median price dropped by 5.1 per cent from $725,750 to $690,500. This is reflection that the greater demand for more affordable homes.

There were a total of 576 auctions reported of which 313 sold and 263 were passed in, 175 of those on a vendors bid.

Next weekend auction numbers increase again with 880 homes expected to be offered for sale.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 576
Last week: 540
This time last year: 673

S Sold at Auction: 262
SB Sold before Auction: 51
SA Sold after Auction: 0

Passed in: 263
Passed in on vendor’s bid: 175

Clearance rate: 54%

Postponed: 5
Withdrawn: 7
Auctions with no result: 102

PS Private Sales: 479

Total Volume (Auctions): $211.67mil
Total Volume (Private Sales): $220.04mil

Total Auctions Houses: 378
Clearance Rate: 53%
Median Price: $680,000
Total Value: $151,301,050

Total Auctions Flats/Apartments: 192
Clearance Rate: 57%
Median Price: $480,000
Total Value: $57,667,950

Total Auctions Vacant Land: 5
Clearance Rate: 80%
Median Price: $421,000
Total Value: $2,302,000

House Sales in Detail

TOP 5 HOUSES
1. 17 Riversdale Road, Hawthorn $3,185,000
2. 17 Devorgilla Avenue, Toorak $2,400,000
3. 48 Cochrane Street, Brighton $2,015,000
4. 33 Harcourt Street, Hawthorn East $2,000,000
5. 32 Chestnut Street, Surrey Hills $1,930,000

TOP 5 BARGAIN HOUSES
1. 3 Tarwin Court, Brookfield $232,000
2. 11 Eureka Street, Rye $290,000
3. 21 Opie Road, Deer Park $300,000
4. 12 Vincent Crescent, Noble Park $302,000
5. 18 Oswin Street, Crib Point $310,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 1007/107 Beach Street, Port Melbourne $1,622,000
2. 265/55 Victoria Harbour Promenade, Docklands $1,300,000
3. 97 Stawell Street, Richmond $1,210,000
4. 903/127 Beach Street, Port Melbourne $980,000
5. 1/350 Toorak Road, South Yarra $881,000

TOP 5 BARGAIN APARTMENTS
1. 2/3 Cascade Street, Frankston $185,000
2. 4/18 Duffy Street, Reservoir $300,000
3. 3/2 Alfred Street, Highett $330,000
4. 5/249 Victoria Street, Brunswick $335,000
5. 1G/88 Altona Street, Kensington $338,000

SOURCE: REIV

The clearance rate is 53 per cent compared to 65 per cent this weekend last year.

There have been a total of 501 auctions reported of which 266 sold and 235 were passed in, 172 of those on a vendors bid.

Next weekend the REIV expects 720 auctions to be held.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 501
Last week: 48
This time last year: 797

S Sold at Auction: 213
SB Sold before Auction: 53
SA Sold after Auction: 0

Passed in: 235
Passed in on vendor’s bid: 172

Clearance rate: 53%

Postponed: 1
Withdrawn: 1
Auctions with no result: 76

PS Private Sales: 388

Total Volume (Auctions): $177.36mil
Total Volume (Private Sales): $181.36mil

Total Auctions Houses: 328
Clearance Rate: 51%
Median Price: $640,000
Total Value: $120,652,779

Total Auctions Flats/Apartments: 164
Clearance Rate: 57%
Median Price: $540,000
Total Value: $51,873,100

Total Auctions Vacant Land: 6
Clearance Rate: 83%
Median Price: $440,000
Total Value: $2,975,000

House Sales in Detail

TOP 5 HOUSES
1. 21 Johnson Street, Hawthorn $2,225,000
2. 17 Neville Street, Albert Park $1,805,000
3. 41 Mount Street, Glen Waverley $1,800,000
4. 95 Ruskin Street, Elwood $1,565,000
5. 12 Alice Street, Malvern $1,420,000

TOP 5 BARGAIN HOUSES
1. 40 Gerbert Street, Broadmeadows $305,000
2. 31 North Haven Drive, Epping $322,000
3. 7 Bower Court, Gladstone Park $340,500
4. 340 Centenary Avenue, Melton $347,000
5. 27 View Street, Glenroy $348,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 666 Orrong Road, Toorak $1,360,000
2. 11/297 Dorcas Street, South Melbourne $1,300,000
3. 21/9 Beach Street, Port Melbourne $1,115,000
4. 111 Barkly Street, Carlton $1,060,000
5. 25B Barrington Street, Bentleigh East $950,000

TOP 5 BARGAIN APARTMENTS
1. 1/16 Clive Street, Springvale $242,000
2. 6/246 Buckley Street, Essendon $260,000
3. 5/135 Essex Street, West Footscray $327,000
4. 2/10 Violet Street, Essendon $334,000
5. 11 Hollyhock Walk, South Morang $340,000

Source: REIV

The clearance rate is 54 per cent compared to 65 per cent this weekend last year.

There have been a total of 484 auctions reported of which 260 sold and 224 were passed in, 162 of those on a vendors bid.

Next weekend the REIV expects 720 auctions to be held.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 484
Last week: 40
This time last year: 781

S Sold at Auction: 209
SB Sold before Auction: 51
SA Sold after Auction: 0

Passed in: 224
Passed in on vendor’s bid: 162

Clearance rate: 54%

Postponed: 1
Withdrawn: 1
Auctions with no result: 78

PS Private Sales: 387

Total Volume (Auctions): $173.93mil
Total Volume (Private Sales): $181.2mil

Total Auctions Houses: 320
Clearance Rate: 51%
Median Price: $640,000
Total Value: $118,296,779

Total Auctions Flats/Apartments: 155
Clearance Rate: 58%
Median Price: $547,000
Total Value: $50,794,100

Total Auctions Vacant Land: 6
Clearance Rate: 83%
Median Price: $440,000
Total Value: $2,975,000

House Sales in Detail

TOP 5 HOUSES
1. 21 Johnson Street, Hawthorn $2,225,000
2. 17 Neville Street, Albert Park $1,805,000
3. 41 Mount Street, Glen Waverley $1,800,000
4. 95 Ruskin Street, Elwood $1,565,000
5. 12 Alice Street, Malvern $1,420,000

TOP 5 BARGAIN HOUSES
1. 40 Gerbert Street, Broadmeadows $305,000
2. 31 North Haven Drive, Epping $322,000
3. 7 Bower Court, Gladstone Park $340,500
4. 340 Centenary Avenue, Melton $347,000
5. 27 View Street, Glenroy $348,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 666 Orrong Road, Toorak $1,360,000
2. 11/297 Dorcas Street, South Melbourne $1,300,000
3. 21/9 Beach Street, Port Melbourne $1,115,000
4. 111 Barkly Street, Carlton $1,060,000
5. 25B Barrington Street, Bentleigh East $950,000

TOP 5 BARGAIN APARTMENTS
1. 1/16 Clive Street, Springvale $242,000
2. 6/246 Buckley Street, Essendon $260,000
3. 5/135 Essex Street, West Footscray $327,000
4. 2/10 Violet Street, Essendon $334,000
5. 11 Hollyhock Walk, South Morang $340,000

Source: REIV

The central bank kept its cash rate at 4.75 per cent where it’s sat since Melbourne Cup Day last year.

The RBA’s decision was widely expected as the central bank attempts to weigh the threat of higher inflation from a rekindled mining boom against weaker growth for much of the rest of the economy. Turmoil on financial markets – which has knocked about 15 per cent off local share values in the past three months alone – was also not enough to prompt a rate reduction.

The view south from penthouse 4P1/431 St Kilda Road Melbourne 3004

The REIV is not generally publishing a clearance rate this weekend as, due to the AFL Grand Final, there are less than 100 auctions this weekend.

A total of 47 auctions have been reported of which 29 sold and 18 were passed in, 9 of those on a vendors bid.

Before this weekend there have been just under 21,000 auctions held with just over 12,000 selling translating to a clearance rate of 57.6 per cent.

The REIV is expecting around 585 auctions next weekend and just over 700 the following weekend.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 47
Last week: 696
This time last year: 527

S Sold at Auction: 20
SB Sold before Auction: 8
SA Sold after Auction: 1

Passed in: 18
Passed in on vendor’s bid: 9

Clearance rate: N/A

Postponed: 2
Withdrawn: 2
Auctions with no result: 3

PS Private Sales: 505

Total Volume (Auctions): $15.13mil
Total Volume (Private Sales): $245.45mil

Total Auctions Houses: 26
Clearance Rate: 54%
Median Price: $466,000
Total Value: $7,696,500

Total Auctions Flats/Apartments: 19
Clearance Rate: 74%
Median Price: $546,500
Total Value: $7,434,500

Total Auctions Vacant Land: 1
Clearance Rate: 0%
Median Price: $0
Total Value: $0

Source: REIV

A very wet day in Melbourne and the AFL Grand Final kept numbers at Open For Inspections understandably quiet today. Next week will see numbers pick up considerably and are expected remain that way until Derby Day.

The REIV is not generally publishing a clearance rate this weekend as, due to the AFL Grand Final, there are less than 100 auctions this weekend.

A total of 39 auctions have been reported of which 24 sold and 15 were passed in, 7 of those on a vendors bid.

Before this weekend there have been just under 21,000 auctions held with just over 12,000 selling translating to a clearance rate of 57.6 per cent.

The REIV is expecting around 585 auctions next weekend and just over 700 the following weekend.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 39
Last week: 667
This time last year: 496

S Sold at Auction: 16
SB Sold before Auction: 7
SA Sold after Auction: 1

Passed in: 15
Passed in on vendor’s bid: 7

Clearance rate: n/a

Postponed: 0
Withdrawn: 1
Auctions with no result: 4

PS Private Sales: 510

PS Private Sales: 505

Total Volume (Auctions): $13.06mil
Total Volume (Private Sales): $245.45mil

Total Auctions Houses: 22
Clearance Rate: 55%
Median Price: $456,000
Total Value: $6,796,500

Total Auctions Flats/Apartments: 16
Clearance Rate: 75%
Median Price: $520,000
Total Value: $6,262,500

Total Auctions Vacant Land: 1
Clearance Rate: 0%
Median Price: $0
Total Value: $0

Source: REIV

St Kilda Road Melbourne… in a class of its own this beautifully presented fully renovated penthouse apartment is now available for sale by private negotiation.

The clearance rate this weekend is 53 per cent compared to 55 per cent last weekend. This weekend last year was the first grand final weekend so no clearance rate was issued.

There can be no doubt that ongoing concerns about the health of the global economy are having an impact on the confidence of buyers in the Melbourne auction market.

There have been a total of 628 auctions reported of which 335 sold and 293 were passed in, 195 of those on a vendors bid.

Next weekend there are only 50 auctions, less than half of those on Saturday. No clearance rate will be issued.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 628
Last week: 639
This time last year: 65

S Sold at Auction: 275
SB Sold before Auction: 58
SA Sold after Auction: 2

Passed in: 293
Passed in on vendor’s bid: 195

Clearance rate: 53%

Postponed: 4
Withdrawn: 6
Auctions with no result: 84

PS Private Sales: 505

PS Private Sales: 504

Total Volume (Auctions): $232.54mil
Total Volume (Private Sales): $226.67mil

Total Auctions Houses: 395
Clearance Rate: 54%
Median Price: $712,000
Total Value: $170,222,300

Total Auctions Flats/Apartments: 218
Clearance Rate: 54%
Median Price: $487,500
Total Value: $61,016,250

Total Auctions Vacant Land: 13
Clearance Rate: 23%
Median Price: $290,000
Total Value: $1,304,000

House Sales in Detail

TOP 5 HOUSES
1. 2 Rosedale Road, Glen Iris $2,120,000
2. 113 Yarrbat Avenue, Balwyn $1,992,500
3. 28 Service Street, Hampton $1,825,000
4. 19 Brighton Street, Sandringham $1,750,000
5. 31 Lambeth Avenue, Armadale $1,540,000

TOP 5 BARGAIN HOUSES
1. 96 Oakwood Road, Albanvale $306,000
2. 158 Ninth Avenue, Rosebud $308,000
3. 38 The Avenue, Ferntree Gully $337,250
4. 6 McInnes Close, Sunbury $338,000
5. 22-24 Jones Avenue, Upper Ferntree Gully $339,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 5/692 Orrong Road, Toorak $1,155,000
2. 8 Birch Square, Richmond $1,095,000
3. 37B George Street, Bentleigh East $1,061,500
4. 119 Ross Street, Port Melbourne $995,000
5. 1-4/11 Embankment Grove, Chelsea $935,000

TOP 5 BARGAIN APARTMENTS
1. 26/15 Hawthorn Road, Caulfield North $119,000
2. 4/283 Nepean Highway, Seaford $257,000
3. 4/16 Jolley Street, Brunswick West $281,500
4. 5/13 Woodbine Grove, Chelsea $283,000
5. 4/772 Plenty Road, Reservoir $302,000

SOURCE: REIV

For further details about this spectacular development Fifty Albert in South Melbourne contact Scott Banks via our contact page, last release a couple of spectacular apartments remain

The clearance rate this weekend is 53 per cent compared to 55 per cent last weekend. This weekend last year was the first grand final weekend so no clearance rate was issued.

There can be no doubt that ongoing concerns about the health of the global economy are having an impact on the confidence of buyers in the Melbourne auction market.

There have been a total of 599 auctions reported of which 315 sold and 284 were passed in, 188 of those on a vendors bid.

Next weekend there are only 50 auctions, less than half of those on Saturday. No clearance rate will be issued.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 599
Last week: 605
This time last year: 56

S Sold at Auction: 259
SB Sold before Auction: 54
SA Sold after Auction: 2

Passed in: 284
Passed in on vendor’s bid: 188

Clearance rate: 53%

Postponed: 1
Withdrawn: 3
Auctions with no result: 99

PS Private Sales: 505

Total Volume (Auctions): $217.76mil
Total Volume (Private Sales): $227.05mil

Total Auctions Houses: 381
Clearance Rate: 54%
Median Price: $697,500
Total Value: $160,677,300

Total Auctions Flats/Apartments: 203
Clearance Rate: 53%
Median Price: $481,000
Total Value: $55,777,250

Total Auctions Vacant Land: 13
Clearance Rate: 23%
Median Price: $290,000
Total Value: $1,304,000

House Sales in Detail

TOP 5 HOUSES
1. 2 Rosedale Road, Glen Iris $2,120,000
2. 113 Yarrbat Avenue, Balwyn $1,992,500
3. 28 Service Street, Hampton $1,825,000
4. 19 Brighton Street, Sandringham $1,750,000
5. 31 Lambeth Avenue, Armadale $1,540,000

TOP 5 BARGAIN HOUSES
1. 96 Oakwood Road, Albanvale $306,000
2. 158 Ninth Avenue, Rosebud $308,000
3. 38 The Avenue, Ferntree Gully $337,250
4. 6 McInnes Close, Sunbury $338,000
5. 22-24 Jones Avenue, Upper Ferntree Gully $339,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 5/692 Orrong Road, Toorak $1,155,000
2. 8 Birch Square, Richmond $1,095,000
3. 37B George Street, Bentleigh East $1,061,500
4. 119 Ross Street, Port Melbourne $995,000
5. 1-4/11 Embankment Grove, Chelsea $935,000

TOP 5 BARGAIN APARTMENTS
1. 4/283 Nepean Highway, Seaford $257,000
2. 4/16 Jolley Street, Brunswick West $281,500
3. 5/13 Woodbine Grove, Chelsea $283,000
4. 4/772 Plenty Road, Reservoir $302,000
5. 6/86 Ruskin Street, Elwood $310,000

SOURCE: REIV

THIS is the closest most of us will ever come to seeing the inside of Jennifer Hawkins’ lavish new mansion.

Amazing photographs taken by The Sunday Telegraph last week reveal that work is well under way on the property at North Curl Curl on Sydeny’s northern beaches.

The Myer model bought the prized piece of seaside land for $1.375 million with fiance Jake Wall last year, and the couple have wasted no time turning what was a tennis court into their dream home.

Builders have been working on the site for the past couple of months, but the private location, in a gated community known as Windy Dropdown, has prevented prying eyes from seeing the work progress.

Always one to make the most of things, Hawkins hasn’t spared a centimetre of the 694sq m site in designing the palatial pad she hopes to move into in January.

The three-storey home will feature a pool, four luxurious bedrooms, a walk-in closet, plenty of garage space and panoramic views of Curl Curl beach, the ocean and the northern Sydney coastline.

“We’ve got the most amazing architect, Koichi Takada, working on it,” Hawkins told The Sunday Telegraph recently.

Koichi Takada - the firm that designed modern Sydney restaurants Tree and the Ocean Room as well as the contemporary redevelopment of St Margarets Hospital in Surry Hills - is known for its creative use of timber and clever lighting.

The stunning Myer face said she had been “hands-on” with the interior planning of the new home and was looking forward excitedly to seeing the final product.

“It should be finished by January,” she said.

The home will be the perfect wedding nest for the couple, who became engaged in January but haven’t yet set a date for the nuptials.

The gated community has given Hawkins and Wall a lot of privacy but without compromising the incredible views, according to Belle Property Manly director Steve Thomas, who sold the property to the celebrity couple last year.

“It’s certainly prime real estate,” he said. “They’ll have fantastic views going along the northern coastline when it’s finished. It’s a nice private area and each neighbour is of a very high calibre.”

Lap pools, private gyms and spas are common features of most homes in the area, with some available to renters for $5000 to $20,000 a week.

The new house is just one of six properties Hawkins and Wall have bought in Sydney and Newcastle, the former Miss Universe’s home town.

“It’s really admirable considering the age they’re at; they’re investing wisely,” Mr Thomas said

SOURCE: www.dailytelegraph.com.au

Starting in Europe, the downturn will spread to the US, China and eventually Australia, he said.

“Australia is probably the best place in the world to survive this, but we do think Australia will not escape as well as it did from the last crisis (in 2008),” Mr Dent said.

At the centre of the coming debt crisis is real estate, the forecaster says.

“People in places like Sydney or Tokyo or Miami say, ‘Hey, real estate can never go down here, we’re a great place, everyone wants to move here, there’s not much land for development’, and what I say is that is exactly the kind of place that bubbles,” Mr Dent said.

“Outside Hong Kong and Shanghai, Australia is the most expensive real estate market in the world compared to income.”

Mr Dent said Australia’s house prices would return to late 1990s or early 2000 levels.

Driving all these changes is simple demographics, specifically the peak of the baby boomers’ spending, Mr Dent said.

“We predicted this (current) downturn in the US 20 years ago,” he said.

“We said that in 2007 the peak number of baby boomers will reach their peak spending. They would have bought all their homes and then they will start saving for retirement … and that you are going to see this downturn.”

The drop-off in spending will affect everyone, even mighty China, Mr Dent said.

To survive the incoming “economic tsunami”, Mr Dent said investors should sell their excess real estate and buy up assets in US dollars.

“Gold and silver are going to crash, they’re a bubble,” he said.

“Once we write down all these crazy debts, we are going to destroy a lot of dollars that were created in the boom and that makes the (US) dollar a lot more valuable.”

Mr Dent is in Australia to promote his book, The Great Crash Ahead – How to Prosper in the Debt Crisis of 2010-2012, and will be speaking at the Secure the Future conference in Sydney and Brisbane in October.

SOURCE: news.com.au

Actress Wendy Wilkins has moved from Ramsay Street to a much more prestigious neighbourhood. The former Neighbours star has moved on to property sales in Hollywood, picking and choosing the neighbours of celebrities.

No stranger to big names, Wilkins has acted alongside Academy award nominees, Kristin Scott Thomas and Ralph Fiennes. She now works and resides among A-list stars as a multimillion-dollar realtor. Her latest project is marketing an iconic Loz Feliz property.

Situated on the only piece of land remaining beside the famous Griffith Park Observatory, the architectural property enjoys a main house and a guesthouse, which share two and a half acres. The property looks out to sweeping views over the Los Angeles skyline and downtown. Both house and guesthouse feature rooftop decks, and pocket sliders which become concealed to open the house to the very special view.

Still acting and writing film scripts, the multi-tasking and talented Wilkins has recently landed in Melbourne where she will be enjoying some time in her childhood surrounds. Not one to put her feet up, she will be spending her two months here selling the brand new Fender Katsalidis designed building Sandyhill, in Sandringham.

SOURCE: http://www.millionplus.com.au/

Live like Royalty in this Penthouse Apartment. Contact Scott Banks Real Property today for further details and a private inspection.

There was a minor improvement in the clearance rate this weekend with 57 per cent of homes offered at auction selling compared to 54 per cent last weekend and 69 per cent this weekend last year.

So far this year just over 11,500 homes have sold at auction. This is less than 2010, 2008 and 2007 but more than in either 2009 or 2006.

A total of 593 auctions were reported of which 338 sold and 255 were passed in, 173 of those on a vendors bid.

There is an increase in the number of auctions next weekend to 740 before a reduction for the AFL Grand Final.

All of Victoria will receive Melbourne Property TV from Monday. For those in Melbourne and Geelong it is on Ch31 (digital 44) and outside of those areas it will be on Channel 4 (digital 64).

Enzo Raimondo
CEO REIV

Total Auctions

This week: 593
Last week: 616
This time last year: 754

S Sold at Auction: 284
SB Sold before Auction: 51
SA Sold after Auction: 3

Passed in: 255
Passed in on vendor’s bid: 173

Clearance rate: 57%

Postponed: 3
Withdrawn: 3
Auctions with no result: 62

PS Private Sales: 556

Total Volume (Auctions): $253.28mil
Total Volume (Private Sales): $261.79mil

Total Auctions Houses: 360
Clearance Rate: 55%
Median Price: $747,450
Total Value: $174,858,450

Total Auctions Flats/Apartments: 221
Clearance Rate: 62%
Median Price: $537,000
Total Value: $77,168,599

Total Auctions Vacant Land: 11
Clearance Rate: 45%
Median Price: $293,000
Total Value: $1,248,500

House Sales in Detail

TOP 5 HOUSES
1. 3 Gardiner Road, Hawthorn $3,580,500
2. 41 Densham Road, Armadale $2,115,000
3. 4 Stevenson Street, Kew $2,100,000
4. 535-539 Pascoe Vale Road, Pascoe Vale $2,000,000
5. 36 Matlock Street, Canterbury $1,860,000

TOP 5 BARGAIN HOUSES
1. 11 Hillman Street, Laverton $272,000
2. 6 Walnut Way, Pakenham $295,000
3. 2/18 Baird Street, Maidstone $296,000
4. 1/190 Hilton Street, Glenroy $320,000
5. 10 Yootha Court, Rye $328,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 3/19 Willis Street, Armadale $1,160,000
2. 26/49 Head Street, Brighton $1,117,000
3. 3/211 Beach Road, Mordialloc $1,025,000
4. 56 Chestnut Street, Cremorne $1,021,000
5. 5 Balmoral Place, South Yarra $980,000

TOP 5 BARGAIN APARTMENTS
1. 7/211 Williams Road, South Yarra $275,500
2. 6/27 Ormond Road, West Footscray $280,000
3. 1/58 Gillies Street, Fairfield $287,000
4. 28B Tarcoola Avenue, Meadow Heights $290,000
5. 5/459 Waterdale Road, Heidelberg West $300,000

SOURCE: REIV

Just listed St Kilda Road Penthouse for further details contact Scott Banks Real Property spectacular views fully renovated a must see!

There was a minor improvement in the clearance rate this weekend with 57 per cent of homes offered at auction selling compared to 54 per cent last weekend and 69 per cent this weekend last year.

So far this year just over 11,500 homes have sold at auction. This is less than 2010, 2008 and 2007 but more than in either 2009 or 2006.

A total of 540 auctions were reported of which 306 sold and 234 were passed in, 159 of those on a vendors bid.

There is an increase in the number of auctions next weekend to 740 before a reduction for the AFL Grand Final.

All of Victoria will receive Melbourne Property TV from Monday. For those in Melbourne and Geelong it is on Ch31 (digital 44) and outside of those areas it will be on Channel 4 (digital 64).

Enzo Raimondo
CEO REIV

Total Auctions

This week: 540
Last week: 600
This time last year: 718

S Sold at Auction: 257
SB Sold before Auction: 48
SA Sold after Auction: 1

Passed in: 234
Passed in on vendor’s bid: 159

Clearance rate: 57%

Postponed: 1
Withdrawn: 0
Auctions with no result: 86

PS Private Sales: 555

Total Volume (Auctions): $228.96mil
Total Volume (Private Sales): $261.39mil

Total Auctions Houses: 333
Clearance Rate: 54%
Median Price: $730,000
Total Value: $158,870,950

Total Auctions Flats/Apartments: 196
Clearance Rate: 61%
Median Price: $536,000
Total Value: $68,836,500

Total Auctions Vacant Land: 10
Clearance Rate: 50%
Median Price: $293,000
Total Value: $1,248,500

House Sales in Detail

TOP 5 HOUSES
1. 3 Gardiner Road, Hawthorn $3,580,500
2. 41 Densham Road, Armadale $2,115,000
3. 4 Stevenson Street, Kew $2,100,000
4. 535-539 Pascoe Vale Road, Pascoe Vale $2,000,000
5. 36 Matlock Street, Canterbury $1,860,000

TOP 5 BARGAIN HOUSES
1. 11 Hillman Street, Laverton $272,000
2. 6 Walnut Way, Pakenham $295,000
3. 2/18 Baird Street, Maidstone $296,000
4. 1/190 Hilton Street, Glenroy $320,000
5. 51 Rain Lover Drive, Kurunjang $330,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 3/19 Willis Street, Armadale $1,160,000
2. 26/49 Head Street, Brighton $1,117,000
3. 3/211 Beach Road, Mordialloc $1,025,000
4. 56 Chestnut Street, Cremorne $1,021,000
5. 10 Wales Street, Hampton $960,000

TOP 5 BARGAIN APARTMENTS
1. 7/211 Williams Road, South Yarra $275,500
2. 6/27 Ormond Road, West Footscray $280,000
3. 28B Tarcoola Avenue, Meadow Heights $290,000
4. 5/459 Waterdale Road, Heidelberg West $300,000
5. 1/8 Kingsfield Crescent, Lynbrook $314,000

SOURCE: REIV

Stosur is posing for photographers with her new trophy, sitting mid-court in  front of a line of American flags.

In the end, it was a comprehensive victory, Stosur winning 61 points to 41.  The 27-year-old Queenslander put her first serve into play 65% of the time,  compared to the American’s 52%, and she hit 20 winners to 19 whilst committing  only 12 unforced errors to Williams’ 25. Stosur made more inroads into her  opponent’s service, converting five of nine break point  opportunities.

Lleyton Hewitt was the last Australian to win a US Open, in 2001.

Stosur is just the second Australian woman, after Margaret Court, to win the  US Open women’s singles title. She finished the tournament with a staggering 203  forehand winners – more than 40 ahead of her nearest rival, Germany’s Angelique  Kerber (62 tournament forehand winners). She also set two other records – the  longest match (3 hours 18 minutes in her victory over Nadia Petrova) and the  longest tie-break (32 minutes in the second set against Maria Kirilenko).

1st rd: bt Sofia Arvidsson (SWE) 6-2 6-3
2nd  rd: bt Coco Vandeweghe (USA) 6-3 6-4
3rd rd: bt  24-Nadia Petrova (RUS) 7-6 (7-5) 6-7 (7-5) 7-5
4th rd: bt  25-Maria Kirilenko (RUS) 6-2 6-7 (17-15) 6-3
Quarter-final:  bt 2-Vera Zvonareva (RUS) 6-3 6-3
Semi-final: bt Angelique  Kerber (GER) 6-3 2-6 6-2
Final: bt 28-Serena Williams (USA)  6-2

Stosur has become the first Australian woman to win a grand slam title in 31  years. After briefly celebrating with her coach and friends, Stosur returned to  courtside, chatting with her opponent Serena Williams whilst waiting for the  presentations to begin.

Despite losing her cool in the second set, Williams is now gracious, smiling  as she congratulates the Australian on her victory.

“I tried my hardest but she just kept hitting winners,” Williams has told the  court interviewer.

The final lasted only one hour and 13 minutes, which may have been a relief  for the Australian, who spent over twelve hours on court during the tournament.  Stosur’s triumph is the first by an Australian woman since Evonne Goolagong  Cawley won her second Wimbledon title in 1980.

“To everyone back at home for supporting me, I don’t know what to say….  thank-you,” Stosur said when interviewed shortly before being handed the  handsome silver US Open trophy.

“You’ve done wonders for our sport, thank-you,” Stosur said to her defeated  foe Williams.

SOURCE: theage.com.au

The crowning glory of Harry Seidler’s city monument The Cove, the penthouse has an impressive view of the Darling Harbour and Sydney Opera House.

Owner, UK entrepreneur Graham Hellier, has spent millions upgrading the property after creditors foreclosed on the original owner – notorious Kovelan Bangaru. When Bangaru’s tradesmen realised they would not be paid for their work, they staged an attack on the property, ripping out much of the furnishings and pouring cement down the drains and the side of the building.

Hellier overcame this unfortunate beginning with style, commissioning award-winning designer William Smart to recreate the interior. Now restored to a state worthy of its size and location, the contemporary design has made the showcase, with its glamorous whole-floor rooftop, something to see.

The exceptional layout is at the forefront of technology, with fixtures and finishes sourced from all over the world.

The vast glass interiors house a sequence of living zones, including four luxurious ensuite bedrooms including a masters retreat with spa, dressing room and terrace. An office and media room complete the abode.

The future buyer will not only enjoy the interiors of the penthouse, where no expense has been spared, but will also own a piece of the city’s skyline.

For further information, find it on Millionplus.

Whilst buyers and sellers alike will have welcomed the decision by the Reserve Bank to keep interest rates stable it has not been enough to cause a substantial improvement in the Melbourne auction market.

There have been a total of 539 auctions reported of which 297 sold and 242 were passed in, 154 of those on a vendors bid.

Around 1400 auctions are scheduled in the two weekends before the AFL Grand Final.

Anyone with an interest in the property market should make sure they watch Melbourne Property TV on Ch31 (44 on digital) at 8.30 Monday nights.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 539
Last week: 501
This time last year: 643

S Sold at Auction: 248
SB Sold before Auction: 49
SA Sold after Auction: 0

Passed in: 242
Passed in on vendor’s bid: 154

Clearance rate: 55%

Postponed: 3
Withdrawn: 0
Auctions with no result: 80

PS Private Sales: 557

Total Volume (Auctions): $222.48mil
Total Volume (Private Sales): $270.29mil

Total Auctions Houses: 350
Clearance Rate: 53%
Median Price: $696,000
Total Value: $161,404,150

Total Auctions Flats/Apartments: 181
Clearance Rate: 59%
Median Price: $495,000
Total Value: $58,535,820

Total Auctions Vacant Land: 7
Clearance Rate: 57%
Median Price: $905,000
Total Value: $2,537,500

House Sales in Detail

TOP 5 HOUSES
1. 20 Barry Street, Kew $3,850,000
2. 7 Charles Street, Kew $2,700,000
3. 31 Asling Street, Brighton $2,090,000
4. 70 Glyndon Road, Camberwell $1,980,000
5. 6 Pine Street, Hawthorn $1,801,000

TOP 5 BARGAIN HOUSES
1. 4 Richmond Crescent, Werribee $235,000
2. 13 Shoring Road, Diggers Rest $268,000
3. 19 Chinnock Court, Craigieburn $275,000
4. 16 Walnut Street, Whittlesea $302,000
5. 24 Mcdonalds Road, Epping $330,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 2/28 Wallace Avenue, Toorak $1,955,000
2. 1/30 Kireep Road, Balwyn $1,240,000
3. 1/5 Spencer Street, Hawthorn $1,212,000
4. 16 Mary Street, Balwyn North $885,000
5. 2/27 Foam Street, Elwood $832,500

TOP 5 BARGAIN APARTMENTS
1. 7/187 Charles Street, Seddon $253,000
2. 1/308 Frankston-Dandenong Road, Seaford $270,000
3. 16/13 Rosedale Avenue, Glen Huntly $270,000
4. 8/12 Tivoli Road, South Yarra $276,500
5. 6/36 Willoughby Street, Reservoir $280,000

SOURCE: REIV

The tears from contestants after three of the four properties failed to sell at auction are a stark reflection of the reality for vendors across the
country.

And while the show has been renewed for another season, history is likely to repeat next year, with experts forecasting house prices to decline until June 2013.

The latest NAB Australian Residential Property Survey reports the Australian housing market continues to soften, with nationwide house prices falling by 2 per cent in the June quarter.

Real Estate Institute of Queensland managing director Dan Molloy the results from The Block auction showed that buyers were not being swept away with the hype and were still making decisions they felt comfortable with.

Mr Molloy told The Courier Mail lower clearance rates were often a sign of the market conditions overall.

“But also the fact that I think many buyers in particular probably aren’t comfortable with the auction process, yet for many sellers it’s an effective and efficient way to sell,” he said.

About 400 people attended the closed auction in Melbourne on Saturday night, with Channel 9 confirming there were more than 20 registered bidders.

The home renovated by contestants Polly Porter and Waz Jones was the best performer. It gained $15,000 over its reserve of $840,000, after agents Biggin & Scott Richmond initially advertised it for “upwards of $800,000″.

A second property sold after auction making the results on par with auction clearance rates generally in Melbourne on the weekend – which Australian  Property Monitors has at 54 per cent.

Home buyers continue to cite tight credit conditions as a major constraint in buying property, but concerns over rising interest rates and house price levels are also growing, suggesting that affordability is still a major issue in the housing market.

The NAB report said house prices fell in all states in the period, with the largest declines seen in Queensland (-3.7 per cent), South Australia and the Northern Territory (-2.7 per cent) and Victoria (-2.4 per cent).

The auction debacle is also huge blow to Channel 9 and Watercress Productions – which reportedly shelled out $3.6 million for the rundown Cameron St houses -  with some industry experts suggesting they paid over market value to secure four adjoining properties.

Since purchase, the market has softened and The Block teams have each spent more than $100,000 renovating their homes. The three single-fronted homes had a second storey added by the producers at a cost of around $200,000.

The disappointing result also comes on the heels of a Consumer Affairs Victoria investigation into the four agents marketing the properties - Hocking Stuart, Biggin & Scott, Woodards and Jellis Craig – amid suspicion of under-quoting.

Real Estate Institute of Victoria spokesman Robert Larocca said the shocking auction result was proof the agents had been on the money with their quotes.

Mr Larocca said it was “surprising” for three houses to be passed in after so much publicity.

The shell-shocked contestants, Josh Densten and Jenna Whitehead, Katrina Chambers, Amie Godde, and Tania and Rod Walsh had to be comforted by friends and family when their houses also failed to sell.

Porter and Jones said their victory was “awkward” and bittersweet as it had come at the expense of the other contestants.

2011 THE BLOCK RESULTS

39 Cameron St, Richmond (Polly and Waz): (only house to sell)

Reserve $840,000 / sold $855,000 / profit $15,000 plus $100,000
prizemoney

41 Cameron St, Richmond (Katrina and Amie):

Reserve $860,000 / sold after auction for $860,000 / profit: $0

43 Cameron St, Richmond (Tania and Rod):

Reserve $850,000 / passed in $832,000

37 Cameron St, Richmond (Josh and Jenna):

Reserve $950,000 / passed in $901,000

The results were a massive drop on last year.

2010 THE BLOCK RESULTS:

John and Neisha:

Reserve $900,000 / sold 1.105 million / profit $205,000 plus $100,000
prizemoney

Mark and Duncan:

Reserve $860,000 / sold $907,000 / profit $47,000

Erin and Jake:

Reserve $910,000 / sold $997,500 / profit $87,500

Chez and Brenton:

Reserve $880,000 / sold after auction / profit $90,000

SOURCE: news.com.au/money/property