Jonathan Chancellor | 17 December 2012

The 10 key 2012 Melbourne property stats as auction revenue eases $2.7 billion.

  • 2012's auction clearance rate was 61% compared to 59% in 2011.
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  • Melbourne and Frankston had the highest number of residential sales for the second year in a row. There were substantial increases in sales were recorded in Pakenham and Croydon.
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  • The highest clearance rates were recorded in Donvale (82%), Hughesdale (82%), Heidelberg (80%) and Kew East (80%).
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  • The largest volume of auctions was again in Richmond with 455 and a clearance rate of 67%.
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  • Reservoir was second most active with 419 auctions and clearance rate of 52%.
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  • St Kilda ranked third most active with 362 auctions and a clearance of 57%.
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  • There has been $11 billion in auction sales in 2012 compared to $13.7 billion in 2011 with REIV spokesman Robert Larocca saying house prices were most below their 2009-10 peak in expensive suburbs.
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  • 69,000 residential sales in Melbourne with 23% by auction compared to 72,000 in 2011 with 24% by auction.
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  • More active first home buyers with an estimated 29,000 compared to 24,600 in 2011.
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  • 90,000 residential sales in Victoria compared to 96,000 in 2011.
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  • Source REIV
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