SOLD by Scott Banks Real Estate Group for $1,100,000

SALES RESULTS

S Sold at Auction: 285
SB Sold before Auction: 57
SA Sold after Auction: 2

Passed in: 224
Passed in on vendor’s bid: 138

Clearance rate: 61%

TOTAL AUCTIONS

This week: 568
Postponed: 4
Withdrawn: 4
Auctions with no result: 4

PS Private Sales: 557

Total Volume (Auctions): $257.12mil
Total Volume (Private Sales): $273.82mil

Total Auctions Houses: 364
Clearance Rate: 59%
Median Price: $720,000
Total Value: $186,438,170

Total Auctions Flats/Apartments: 191
Clearance Rate: 65%
Median Price: $546,250
Total Value: $69,471,350

Total Auctions Vacant Land: 12
Clearance Rate: 33%
Median Price: $252,500
Total Value: $1,206,500

TOP 5 HOUSES

1. 39 Alfred Crescent, Fitzroy North $4,200,000
2. 39 Bay Street, Brighton $2,400,000
3. 31 Rubens Grove, Canterbury $2,300,000
4. 15 Evans Road, Kew $2,270,000
5. 38 Westbrook Street, Kew East $1,805,000

TOP 5 BARGAIN HOUSES

1. 2 Willow Street, Werribee $210,000
2. 63 Eighth Avenue, Rosebud $291,000
3. 25 Dumfries Street, Deer Park $315,000
4. 12 Turner Court, Sunbury $320,000
5. 17 Salisbury Road, Beaconsfield Upper $380,000

TOP 5 APARTMENTS

1. 43 Leslie Street, Richmond $1,180,000
2. 10 Kent Street, Prahran $1,096,000
3. 105 Esplanade, Port Melbourne $912,500
4. 4/25 Windsor Place, Melbourne $910,000
5. 80 Trenerry Crescent, Abbotsford $862,000

TOP 5 BARGAIN APARTMENTS

1. 13/234 Warrigal Road, Camberwell $120,000
2. 12/13 Empire Street, Footscray $214,000
3. 3/74 Springvale Road, Springvale $251,000
4. 5/56-58 Bishop Street, Box Hill $310,000
5. 3/34-36 Upton Street, Altona $315,000

SOURCE: REIV

Auction Saturday 19th May at 12:00 PM 23 Park Square Port Melbourne $1,000,000 – $1,100,000 Scott Banks Real Estate Group 1300 537 274

A clearance rate of 63 per cent was recorded today compared to 61 per cent last weekend and 52 per cent this weekend last year.

This weekend last year marked a turning point in the auction market, with the clearance rate falling to the mid- to low 50s throughout winter and into the spring. At this point, that outcome looks unlikely of being repeated this year, which is positive news for vendors.

There were 567 auctions reported to the REIV today with 358 selling and 209 being passed in, 127 of those on a vendors bid.

Next week the REIV estimates 600 auctions will be conducted followed by 680 the following week.

Enzo Raimondo
CEO REIV

SALES RESULTS

S Sold at Auction: 292
SB Sold before Auction: 66
SA Sold after Auction: 0

Passed in: 209
Passed in on vendor’s bid: 127

Clearance rate: 63%

TOTAL AUCTIONS

This week: 567
Last weekend: 643
This time last year: 561

Postponed: 2
Withdrawn: 2
Auctions with no result: 75

PS Private Sales: 564

Total Volume (Auctions): $291.91mil
Total Volume (Private Sales): $261.88mil

Total Auctions Houses: 373
Clearance Rate: 62%
Median Price: $735,000
Total Value: $214,655,899

Total Auctions Flats/Apartments: 176
Clearance Rate: 67%
Median Price: $526,000
Total Value: $70,848,833

Total Auctions Vacant Land: 19
Clearance Rate: 58%
Median Price: $585,000
Total Value: $6,407,000

TOP 5 HOUSES

1. 50 Fellows Street, Kew $4,400,000
2. 162 Mont Albert Road, Canterbury $4,166,000
3. 6-8 Fitzgerald Street, Balwyn $4,025,000
4. 88-90 Kay Street, Carlton $3,000,000
5. 17 North Terrace, Clifton Hill $2,520,000

TOP 5 BARGAIN HOUSES

1. 26 Waterford Avenue, Craigieburn $315,500
2. 5 Bluebell Drive, Epping $317,500
3. 19 Bow Crescent, Wyndham Vale $320,000
4. 5 Akron Street, Ferntree Gully $341,000
5. 11 Rowan Drive, Kealba $342,000

TOP 5 APARTMENTS

1. 2/1 Mountain Grove, Kew $1,230,000
2. 3A/19 Marine Parade, St Kilda $1,215,000
3. 2 Evans Street, Port Melbourne $1,155,000
4. 3A Henry Street, Windsor $1,070,000
5. 15/55-60 Canterbury Road, Middle Park $997,000

TOP 5 BARGAIN APARTMENTS

1. 14/13 Ormond Road, West Footscray $180,000
2. 8/435 Waterdale Road, Heidelberg West $257,500
3. 2/176 Lower Heidelberg Road, Ivanhoe East $287,000
4. 31/2 Monash Green Drive, Clayton $302,000
5. 10/2 Yorston Court, Elsternwick $315,000

Source: REIV

329 Beach Road Black Rock For Sale by Negotiation contact Scott Banks Real Estate Group Pty Ltd 1300 537 274

A clearance rate of 62 per cent was recorded today compared to 58 per cent last weekend and 58 per cent this weekend last year.

The decrease in interest rates announced earlier this week may help stimulate activity levels however it is unlikely we will see any noticable impact for another few weeks as in addition to the rate cuts other economic indicators such as unemployment levels and consumer confidence will need to improve if we are to see an increase in activity and prices.

There were 555 auctions reported to the REIV today with 346 selling and 209 being passed in, 123 of those on a vendors bid.

Next week the REIV estimates 640 auctions will be conducted followed by 610 in a fortnight. These volumes highlight the underlying soft conditions.

Enzo Raimondo
CEO REIV

SALES RESULTS

S Sold at Auction: 279
SB Sold before Auction: 65
SA Sold after Auction: 2

Passed in: 209
Passed in on vendor’s bid: 123

Clearance rate: 62%

TOTAL AUCTIONS

This week: 555
Last Weekend: 576
This time last year: 615

Postponed: 0
Withdrawn: 2
Auctions with no result: 75

PS Private Sales: 647

Total Volume (Auctions): $258.9mil
Total Volume (Private Sales): $317.91mil

Total Auctions Houses: 347
Clearance Rate: 63%
Median Price: $741,000
Total Value: $191,149,860

Total Auctions Flats/Apartments: 197
Clearance Rate: 63%
Median Price: $504,000
Total Value: $66,957,150

Total Auctions Vacant Land: 10
Clearance Rate: 20%
Median Price: $398,750
Total Value: $797,500

TOP 5 HOUSES

1. 39 – 43 Mayfield Avenue, Malvern $7,131,510
2. 35 Broadway, Camberwell $3,425,000
3. 39A Tyrone Street, South Yarra $2,800,000
4. 38 Sussex Street, Brighton $2,525,000
5. 177 Mills Street, Albert Park $2,380,000

TOP 5 BARGAIN HOUSES

1. 4 Birkdale Court, Frankston $260,000
2. 34 King Edward Avenue, Albion $285,000
3. 189 Daley Street, Glenroy $354,250
4. 24 Bruce Street, Fawkner $362,000
5. 10 Mulhall Drive, St Albans $370,000

TOP 5 APARTMENTS

1. 6A Barkly Street, Brighton $1,180,000
2. 3/81 Marine Parade, Elwood $1,030,000
3. 186 Princes Street, Port Melbourne $1,000,000
4. 46A Milroy Street, Brighton East $915,000
5. 25/97 Cruikshank Street, Port Melbourne $885,000

TOP 5 BARGAIN APARTMENTS

1. 10/34 Elphin Grove, Hawthorn $265,000
2. 2/49 Coonans Road, Pascoe Vale South $285,000
3. 2/3 Griffiths Street, Reservoir $285,500
4. 6/193 Union Street, Brunswick West $300,000
5. 10/53 Morris Street, Williamstown $308,000

Source: REIV

23 Park Square Port Melbourne for auction Saturday 19th May 2012 at 12:00 PM contact Scott Banks Real Estate Group 1300 537 274

The Melbourne residential auction market is currently providing very consistent outcomes and this weekend is no different with a clearance rate of 60 per cent achieved.

This compares to 59 per cent last weekend and 56 per cent on this weekend last year.

There were 491 auctions reported to the REIV today with 294 selling and 197 being passed in, 123 of those on a vendors bid.

Announcements on Tuesday of the state budget and interest rates have the potential to improve consumer confidence, the economy and the property market over the coming months.

Next weekend the REIV expects around 670 auctions followed by 650 in a fortnight.

Enzo Raimondo
CEO REIV

SALES RESULTS

S Sold at Auction: 244
SB Sold before Auction: 50
SA Sold after Auction: 0

Passed in: 197
Passed in on vendor’s bid: 123

Clearance rate: 60%

TOTAL AUCTIONS
This week: 491
Last weekend: 579
This time last year: 526

Postponed: 2
Withdrawn: 3
Auctions with no result: 78

PS Private Sales: 508

Total Volume (Auctions): $189.38mil
Total Volume (Private Sales): $249.56mil

Total Auctions Houses: 321
Clearance Rate: 61%
Median Price: $637,500
Total Value: $142,786,100

Total Auctions Flats/Apartments: 156
Clearance Rate: 59%
Median Price: $468,250
Total Value: $44,274,250

Total Auctions Vacant Land: 13
Clearance Rate: 31%
Median Price: $480,000
Total Value: $1,880,000

TOP 5 HOUSES

1. 23 Ardmillan Road, Moonee Ponds $1,885,000
2. 78 Roberts Street, Essendon $1,800,000
3. 13 Princely Terrace, Templestowe $1,505,000
4. 4 St Neots Avenue, Northcote $1,375,000
5. 28 Passchendaele Street, Hampton $1,366,000

TOP 5 BARGAIN HOUSES

1. 104 Sixth Avenue, Rosebud $270,000
2. 2/33 Nicole Avenue, Dandenong North $277,000
3. 24 Benalla Street, Dallas $282,500
4. 29 Grenville Terrace, Roxburgh Park $291,000
5. 15 Bliburg Street, Jacana $310,000

TOP 5 APARTMENTS

1. 53/85 Alexandra Avenue, South Yarra $950,000
2. 4/10 Ryeburne Avenue, Hawthorn East $908,000
3. 4/7 Ardoch Avenue, St Kilda East $887,000
4. 1310/576-578 St Kilda Road, Melbourne $850,750
5. 2/8 Franklin Road, Doncaster East $775,000

TOP 5 BARGAIN APARTMENTS

1. 23/15 Hawthorn Road, Caulfield North $130,000
2. 1/42 Percy Street, Newport $208,000
3. 7/205 Mason Street, Newport $255,000
4. 11/40 Waterloo Crescent, St Kilda $275,000
5. 14/50 Carlisle Street, St Kilda $290,000

SOURCE: REIV

 46 Otira Road North Caulfield for sale by negotiation contact Scott Banks of Scott Banks Real Estate Croup 1300 537 274

The auction clearance rate recorded today was 62 per cent, compared with 54 per cent last weekend.

There were 487 auctions reported to the REIV today with 301 selling and 186 being passed in, of those 116 were passed in on a vendors bid.

Next weekend around 580 auctions are expected and auction numbers for the next 4 weekends are broadly in line with the same period in 2011, confirming that underlying fundamentals have not changed substantially.

The increase in the clearance rate today is a positive sign that confidence in the residential market may be starting to improve.

If the next interest rate movement is a reduction, as is speculated, and that is actually passed on by the retail banks to borrowers it may further increase activity over winter.

Enzo Raimondo
CEO REIV

SALES RESULTS

S Sold at Auction: 245
SB Sold before Auction: 55
SA Sold after Auction: 1

Passed in: 186
Passed in on vendor’s bid: 116

Clearance rate: 62%

This week: 487
Last weekend: 389
This time last year: 38

Postponed: 5
Withdrawn: 1
Auctions with no result: 98

PS Private Sales: 594

Total Volume (Auctions): $210.5mil
Total Volume (Private Sales): $285.85mil

Total Auctions Houses: 318
Clearance Rate: 62%
Median Price: $660,000
Total Value: $153,131,850

Total Auctions Flats/Apartments: 160
Clearance Rate: 63%
Median Price: $492,500
Total Value: $53,662,788

Total Auctions Vacant Land: 7
Clearance Rate: 29%
Median Price: $982,000
Total Value: $1,964,000

TOP 5 HOUSES

1. 22 South Road, Brighton $3,255,000
2. 64 Hope Street, South Yarra $2,110,000
3. 7 Apperley Street, Fitzroy North $2,000,000
4. 97 Stanleys Road, Red Hill South $1,990,000
5. 33 Darling Street, South Yarra $1,950,000

TOP 5 BARGAIN HOUSES

1. 7 Kiewa Crescent, Dallas $246,500
2. 6 Merrivale Avenue, Sunshine West $320,000
3. 85 Callander Road, Noble Park $340,000
4. 5 Greenacre Grove, Gladstone Park $340,000
5. 5 Lanark Street, Epping $348,000

TOP 5 APARTMENTS

1. 5D/1 Clara Street, South Yarra $1,220,000
2. 16 The Moor, Balwyn North $1,110,000
3. 1/21 Grange Road, Toorak $985,000
4. 3/4 Mary Street, Prahran $935,000
5. 3/45 Kent Road, Surrey Hills $917,500

TOP 5 BARGAIN APARTMENTS

1. 11/396 Station Street, Bonbeach $182,500
2. 4/74 The Boulevard, Thomastown $235,000
3. 4/21 Eel Race Road, Carrum $250,000
4. 1/48 Lamour Avenue, South Morang $300,000
5. 2/18-20 Greenhills Road, Bundoora $320,000

SOURCE: REIV

Block of 3 Units, Renovated, Beachside, Separate Titles! Returning $47,840 PA Contact Scott Banks Real Estate Group P/L 1300 537 274

The auction clearance rate recorded today is 55 per cent, compared with 61 per cent this weekend last year. No clearance rate was published last weekend due to Easter.

This weekends result provides a clear indication that further interest rate increases by the banks would negatively impact demand and confidence in the residential property market.

There were 356 auctions reported to the REIV today with 197 selling at auction or shortly after, and 159 being passed in. Of those 111 were passed in on a vendor bid.

The March quarter median prices released by the REIV show that residential property prices have remained relatively flat for the quarter with the median house price at $535,000. By comparison the median price of a house sold at auction during the quarter was $716,000, an increase 2.3 per cent from $700,000 in the December quarter.

Approximately 610 auctions are expected next weekend.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This week: 356
This time last year: 916

S Sold at Auction: 163
SB Sold before Auction: 34
SA Sold after Auction: 0

Passed in: 159
Passed in on vendor’s bid: 111

Clearance rate: 55%

Postponed: 0
Withdrawn: 2
Auctions with no result: 55

PS Private Sales: 484

Total Volume (Auctions): $120.57mil
Total Volume (Private Sales): $237.65mil

Total Auctions Houses: 235
Clearance Rate: 55%
Median Price: $638,500
Total Value: $85,751,900

Total Auctions Flats/Apartments: 111
Clearance Rate: 59%
Median Price: $457,000
Total Value: $32,916,500

Total Auctions Vacant Land: 9
Clearance Rate: 22%
Median Price: $950,000
Total Value: $1,900,000

House Sales in Detail

TOP 5 HOUSES

1. 47 Park Crescent, Fairfield $1,710,000
2. 195 Beach Road, Black Rock $1,500,000
3. 99 Windsor Crescent, Mont Albert $1,460,000
4. 52 Halifax Street, Brighton $1,450,000
5. 25 Cawkwell Street, Malvern $1,400,000

TOP 5 BARGAIN HOUSES

1. 59 Cochrane Street, Cranbourne $226,000
2. 17 Sherbourne Road, Gladstone Park $325,000
3. 1/17-19 Browning Street, Kilsyth $335,000
4. 57 Koala Crest, Westmeadows $346,200
5. 68 Stanley Jones Drive, South Morang $347,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 3/6 Coolullah Avenue, South Yarra $890,000
2. 3/49 Kensington Road, South Yarra $735,000
3. 3/24-36 Clowes Street, South Yarra $690,000
4. 39C Nepean Highway, Aspendale $612,000
5. 3/16 Wheeler Street, Ormond $605,000

TOP 5 BARGAIN APARTMENTS

1. 6/8 Grimshaw Street, Greensborough $225,000
2. 8/135-145 Athol Road, Springvale South $295,000
3. 64 Quarry Circuit, Coburg $305,000
4. 32/87 Alma Road, St Kilda $310,000
5. 1906/620 Collins Street, Melbourne $312,000

SOURCE: REIV

55 Mathoura Road Toorak SOLD by Scott Banks Real Estate Group: March 2012

The highest number of auctions so far this year have been conducted this weekend and resulted in a clearance rate of 60 per cent.

In light of the high volume of homes on offer this is a good result and shows that the market is performing consistently.

There were 873 auctions reported to the REIV this weekend with 521 selling and 352 being passed in. Of those 202 were passed in on a vendor bid.

The same weekend last year resulted in a clearance rate of 60 per cent from 808 auctions.

With the Easter holidays next weekend only 50 auctions are scheduled.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 873
Last Week: 744
This time last year: 776

S Sold at Auction: 445
SB Sold before Auction: 76
SA Sold after Auction: 0

Passed in: 352
Passed in on vendor’s bid: 202

Clearance rate: 60%

PS Private Sales: 597

Total Volume (Auctions): $401.89mil
Total Volume (Private Sales): $302.8mil

Total Auctions Houses: 570
Clearance Rate: 61%
Median Price: $712,500
Total Value: $297,260,538

Total Auctions Flats/Apartments: 273
Clearance Rate: 58%
Median Price: $500,000
Total Value: $88,893,200

Total Auctions Vacant Land: 24
Clearance Rate: 38%
Median Price: $600,000
Total Value: $6,084,500

House Sales in Detail

TOP 5 HOUSES

1. 29 Cosham Street, Brighton $3,033,000
2. 1 Gordon Grove, South Yarra $2,650,000
3. 24 Cochran Avenue, Camberwell $2,380,000
4. 392 Richardson Street, Middle Park $2,360,000
5. 39 Wattle Valley Road, Canterbury $2,340,000

TOP 5 BARGAIN HOUSES

1. 16 Caley Street, Frankston North $226,000
2. 8 Exford Street, Coolaroo $250,500
3. 73 Walmer Avenue, St Albans $285,000
4. 16 Rozzy Parade, Narre Warren $295,000
5. 4 Avondale Street, Springvale $306,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 3/50 Hampden Road, Armadale $3,360,000
2. 1-6/50 Kent Street, Kew $2,610,000
3. 4/156 Beaconsfield Parade, Albert Park $1,351,000
4. 2 Knox Street, Canterbury $1,265,000
5. 21 Collins Street, Essendon $1,110,000

TOP 5 BARGAIN APARTMENTS

1. 2/30 Bishop Street, Kingsville $204,000
2. 8/3 Shepherd Street, Glenroy $220,000
3. 1/1065 High Street, Reservoir $248,000
4. 2/8 Shaw Street, Springvale South $251,000
5. 10/214 Kambrook Road, Caulfield $258,000

SOURCE: REIV

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

From the perspective of auction volumes this fortnight marks the high point for the market this year with around 1,870 homes expected to be offered for sale.

The auction clearance rate recorded today was 61 per cent, compared with 59 per cent last weekend, and 59 per cent this weekend last year.

The level of demand this weekend is consistent with the performance of the market over the last two months and provides an indication about how it will perform over the winter months.

There were 701 auctions reported to the REIV today with 429 selling and 272 being passed in. Of those 179 were passed in on a vendor bid.

Next weekend 1,050 are expected. The following weekend has only 50 auctions scheduled due to Easter.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 701
Last Week: 674
This time last year: 841

S Sold at Auction: 353
SB Sold before Auction: 75
SA Sold after Auction: 1

Passed in: 272
Passed in on vendor’s bid: 179

Clearance rate: 61%

Postponed: 3
Withdrawn: 3
Auctions with no result: 74

PS Private Sales: 619

Total Volume (Auctions): $3261.26mil
Total Volume (Private Sales): $277.87mil

Total Auctions Houses: 444
Clearance Rate: 62%
Median Price: $753,500
Total Value: $3,171,502,278

Total Auctions Flats/Apartments: 247
Clearance Rate: 60%
Median Price: $521,000
Total Value: $85,845,700

Total Auctions Vacant Land: 9
Clearance Rate: 22%
Median Price: $1,415,000
Total Value: $2,830,000

House Sales in Detail

TOP 5 HOUSES

1. 8 St Ninians Court, Brighton $4,900,000
2. 9 Fairbairn Road, Toorak $2,505,000
3. 14 Knutsford Street, Balwyn $2,165,000
4. 33 Ryeburne Avenue, Hawthorn East $2,120,000
5. 121 Grey Street, East Melbourne $2,075,000

TOP 5 BARGAIN HOUSES

1. 222 Mitchells Lane, Sunbury $242,000
2. 50 Riddell Road, Sunbury $255,000
3. 4 Sambell Street, Mernda $256,250
4. 26 Fremantle Road, Sunbury $310,000
5. 42 Cuthbert Street, Broadmeadows $315,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 4/15 Well Street, Brighton $1,550,000
2. 43B Cole Street, Williamstown $1,400,000
3. 7 Moore Street, South Yarra $1,331,000
4. 1 Holloway Road, Sandringham $1,200,000
5. 1/31 Ferncroft Avenue, Malvern East $1,150,000

TOP 5 BARGAIN APARTMENTS

1. 5/65 Alexandra Avenue, South Yarra $254,500
2. 5/71-73 Heller Street, Brunswick West $270,000
3. 11/3 Allard Street, Brunswick West $280,500
4. 303/585 La Trobe Street, Melbourne $282,000
5. 16/5 Gordon Street, Toorak $287,500

SOURCE: REIV

46 Orira Road North Caulfield – Resort Inspired Palatial Masterpiece for Private Negotiation by Scott Banks Real Estate Group

The auction clearance rate recorded today was 59 per cent, compared with 58 per cent last weekend, and 65 per cent this weekend last year.

The market clearly continues to be effected by uncertainty about the state of the economy and low levels of consumer confidence.

There were 621 auctions reported to the REIV today with 369 selling and 252 being passed in. Of those 165 were passed in on a vendor bid

Next weekend 820 auctions are expected followed by 1,070 in a fortnight.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 621
Last Week: 182
This time last year: 918

S Sold at Auction: 319
SB Sold before Auction: 50
SA Sold after Auction: 0

Passed in: 252
Passed in on vendor’s bid: 165

Clearance rate: 59%

Postponed: 5
Withdrawn: 4
Auctions with no result: 74

PS Private Sales: 586

Total Volume (Auctions): $254.42mil
Total Volume (Private Sales): $277.77mil

Total Auctions Houses: 403
Clearance Rate: 57%
Median Price: $703,500
Total Value: $181,912,200

Total Auctions Flats/Apartments: 205
Clearance Rate: 66%
Median Price: $512,000
Total Value: $71,845,850

Total Auctions Vacant Land: 11
Clearance Rate: 36%
Median Price: $230,000
Total Value: $660,000

House Sales in Detail

TOP 5 HOUSES

1. 29 Orrong Road, Elsternwick $2,100,000
2. 1 Glenview Avenue, Malvern $1,895,000
3. 101 Canterbury Road, Toorak $1,851,000
4. 13 Amelia Street, Caulfield South $1,760,000
5. 32 Bastings Street, Northcote $1,600,000

TOP 5 BARGAIN HOUSES

1. 197 Sixth Avenue, Rosebud $290,000
2. 31 Smiley Road, Broadmeadows $300,500
3. 15 Crest Drive, Rosebud $305,000
4. 24A Grant Street, Dromana $306,000
5. 51 Arthur Street, St Albans $312,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 1101/221 Sturt Street, Southbank $1,260,000
2. 7 Cutter Street, Richmond $911,000
3. 3A Bartlett Street, Hampton East $900,000
4. 1/95 Roslyn Street, Brighton $872,000
5. 2/15 Marwal Avenue, Balwyn North $830,000

TOP 5 BARGAIN APARTMENTS

1. 17/4-6 Sheffield Street, Preston $233,000
2. 9/10 Carmichael Street, West Footscray $245,000
3. 4/58 Chestnut Street, Richmond $263,000
4. 27/1 Millar Road, Tullamarine $265,000
5. 103/80 Speakmen Street, Kensington $298,000

SOURCE: REIV

1201/39 Caravel Lane Docklands SOLD at auction on 3rd March 2012 by Scott Banks Real Estate Group P/L

The auction clearance rate recorded today was 58 per cent, compared with 61 per cent last weekend, and 65 per cent this weekend last year.

Due to the public holiday on Monday there are less auctions than a normal weekend.

There were 165 auctions reported to the REIV today with 96 selling and 69 being passed in. Of those 39 were passed in on a vendor bid

We expect to see around 700 auctions conducted next weekend.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 165
Last Week: 822
This time last year: 243

S Sold at Auction: 76
SB Sold before Auction: 20
SA Sold after Auction: 0

Passed in: 69
Passed in on vendor’s bid: 39

Clearance rate: 58%

Postponed: 1
Withdrawn: 3
Auctions with no result: 29

PS Private Sales: 601

Total Volume (Auctions): $60.24mil
Total Volume (Private Sales): $287.36mil

Total Auctions Houses: 111
Clearance Rate: 56%
Median Price: $598,000
Total Value: $46,595,777

Total Auctions Flats/Apartments: 49
Clearance Rate: 63%
Median Price: $410,000
Total Value: $12,576,250

Total Auctions Vacant Land: 4
Clearance Rate: 75%
Median Price: $1,070,000
Total Value: $1,070,000

House Sales in Detail

TOP 5 HOUSES

1. 104 Osborne Street, Williamstown $1,625,000
2. 161 Kerferd Road, Albert Park $1,278,000
3. 6 The Esplanade, Fairfield $1,250,000
4. 58 Clarence Street, Elsternwick $1,200,000
5. 37 Surrey Road, South Yarra $1,195,000

TOP 5 BARGAIN HOUSES

1. 35 Brosdge Road, Melton South $235,000
2. 35 Morley Street, Glenroy $347,000
3. 19 Rio Grande Drive, Roxburgh Park $350,000
4. 79 Pecham Street, Glenroy $352,000
5. 85 Seabrook Boulevard, Seabrook $370,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 4/109 Nimmo Street, Middle Park $630,000
2. 2/12 Elizabeth Street, Doncaster East $576,500
3. 3/30 Jubilee Street, Nunawading $570,000
4. 3/5 Clovis Street, Oakleigh East $570,000
5. 11/41 Chapel Street, St Kilda $552,000

TOP 5 BARGAIN APARTMENTS

1. 10/86 Potton Avenue, Rosebud $250,000
2. 2/38 Grevillia Road, Oak Park $255,000
3. 1/35 Hampton Parade, West Footscray $270,000
4. 13/51 Buckley Street, Moonee Ponds $275,000
5. 3/29 Raleigh Street, Essendon $288,000

SOURCE: REIV

The Reserve Bank kept the cash rate at 4.25% at its March meeting today, but eyes will now turn to the big banks and what their rate policies will deliver.

In a surprise twist, it seems the case for leaving rates on hold was actually boosted yesterday by ANZ research which revealed demand for labour remains strong. This is an indication the banks may begin to align with RBA recommendations for the cash rate.

There was speculation the RBA may cut rates this month, but impending CPI data has again kept them on the sidelines.

It was only a month ago that most economists were continuing to predict a further cut to rates, now the consensus is pointing to a stable cash rate for a while – the futures market implying it will not get closer to 4.0% until at least May.

The government debt crisis in the euro area and the Australian economy’s momentum was considered reasons for a rate cut, but figures seemed to be more positive than the RBA expected.

The RBA stood ready to cut rates if demand conditions weakened materially as it said in its February decision.

There’s a good chance national accounts announced tomorrow will show GDP growth through 2011 fell well short of the RBA’s previous forecast, on February 10, of 3.0 to 3.5 per cent.

SOURCE: realestate.com.au

1201/39 Caravel Lane Docklands SOLD at Auction Saturday 3rd March 2012

The auction clearance rate recorded today was 62 per cent, compared with 61 per cent last weekend, and 64 per cent this weekend last year.

Today’s result indicates that the improved demand recorded last weekend has been sustained and that will help improve confidence over autumn and into winter.

There were 748 auctions were reported to the REIV today with 464 selling and 284 being passed in. Of those 176 were passed in on a vendor bid

The number of auctions drops next weekend to around 200 due to the long weekend.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 748
Last Week: 783
This time last year: 895

S Sold at Auction: 384
SB Sold before Auction: 77
SA Sold after Auction: 3

Passed in: 284
Passed in on vendor’s bid: 176

Clearance rate: 62%

Postponed: 2
Withdrawn: 3
Auctions with no result: 93

PS Private Sales: 649

Total Volume (Auctions): $336.1mil
Total Volume (Private Sales): $292.03mil

Total Auctions Houses: 496
Clearance Rate: 64%
Median Price: $722,250
Total Value: $256,917,000

Total Auctions Flats/Apartments: 235
Clearance Rate: 60%
Median Price: $522,500
Total Value: $78,017,700

Total Auctions Vacant Land: 16
Clearance Rate: 25%
Median Price: $105,000
Total Value: $975,000

House Sales in Detail

TOP 5 HOUSES

1. 112 Mckean Street, Fitzroy North $3,030,000
2. 38 Lambeth Avenue, Armadale $2,569,000
3. 79 Yarrbat Avenue, Balwyn $2,510,000
4. 734 Hawthorn Road, Brighton East $2,220,000
5. 25 Guildford Road, Surrey Hills $2,110,000

TOP 5 BARGAIN HOUSES

1. 16 Hurley Street, Melton $217,500
2. 88 Neale Road, Deer Park $272,500
3. 260 The Lakes Boulevard, South Morang $310,500
4. 30 Mollison Street, Dandenong North $315,000
5. 40 Beauna Vista Drive, Rye $320,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 7 Fraser Street, Malvern $1,790,000
2. 316/250 St Kilda Road, Melbourne $1,255,000
3. 18A Rose Street, Sandringham $985,000
4. 7/1 Monaro Road, Kooyong $980,000
5. 19/38 Fitzroy Street, St Kilda $925,000

TOP 5 BARGAIN APARTMENTS

1. 3/97 Raleigh Street, Maribyrnong $240,000
2. 1/29 Schutt Street, Newport $260,000
3. 1/62 St Vigeons Road, Reservoir $272,500
4. 1/25 Brixton Street, Flemington $288,000
5. 3/26 Ruby Street, Essendon West $290,000

SOURCE: REIV

55 Mathoura Road Toorak for Auction on Saturday 3rd March at 3:00 PM Scott Banks Real Estate Group Pty Ltd

The auction clearance rate recorded today was 62 per cent, compared with 57 per cent last weekend, and 64 per cent this weekend last year.

In light of the increased number of auctions this result provides an indication that demand is gradually improving this year.

There were 728 auctions reported to the REIV today with 454 selling and 274 being passed in. Of those 178 were passed in on a vendor bid

Volumes remain high next weekend with 860 residential auctions scheduled.

Enzo Raimondo
CEO REIV

TOTAL AUCTIONS

This Week: 728
Last Week: 600
This time last year: 958

S Sold at Auction: 367
SB Sold before Auction: 86
SA Sold after Auction: 1

Passed in: 274
Passed in on vendor’s bid: 178

Clearance rate: 62%

Postponed: 6
Withdrawn: 2
Auctions with no result: 103

PS Private Sales: 562

Total Volume (Auctions): $330.15mil
Total Volume (Private Sales): $263.91mil

Total Auctions Houses: 481
Clearance Rate: 63%
Median Price: $730,000
Total Value: $248,023,167

Total Auctions Flats/Apartments: 232
Clearance Rate: 62%
Median Price: $526,850
Total Value: $79,581,289

Total Auctions Vacant Land: 14
Clearance Rate: 36%
Median Price: $360,000
Total Value: $2,547,000

House Sales in Detail

TOP 5 HOUSES

1. 21 Silverdale Road, Eaglemont $2,340,000
2. 14 Evans Court, Toorak $2,240,000
3. 4 Green Street, Camberwell $1,951,000
4. 738 Orrong Road, Toorak $1,950,000
5. 5 Fashoda Street, Hawthorn $1,905,000

TOP 5 BARGAIN HOUSES

1. 14 Cheleon Way, Kings Park $304,000
2. 10 Statesman Drive, Kurunjang $310,000
3. 12 Sharpe Court, Berwick $322,500
4. 268 Edgars Road, Lalor $323,000
5. 304C/640 Swanston Street, Carlton $325,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 144/461 St Kilda Road, Melbourne $1,690,000
2. 1/13 Valetta Street, Malvern $1,303,000
3. 1-2/60 Havelock Street, St Kilda $1,290,000
4. 15 Brenbeal Street, Balwyn $1,200,000
5. 44A Ruskin Street, Elwood $1,091,000

TOP 5 BARGAIN APARTMENTS

1. 3/15-17 Charnwood Road, St Kilda $250,000
2. 3/44 Clarence Street, Elsternwick $254,000
3. 5/99 Melbourne Road, Williamstown $255,000
4. 1A/4 Floriston Road, Boronia $266,000
5. 3/24 Charlton Crescent, Reservoir $280,000

SOURCE: REIV

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