Auction | 50 Wilson Road, Glen Waverley

December 6, 2019 Leave a comment

It was great working with Michelle Huang and the Fletchers Waverley team on the sale and auction of 50 Wilson Road in Glen Waverley.

A sprawling suburban property offered for sale for the first time since 1962 drew a large crowd of approximately 100 people to the auction.

Bidding started at $1,300,000 with a total of six parties involved, and close to 100 bids later, the property was knocked down to the successful bidder at $1,550,500.

The team and I were thrilled to achieve a successful result for our vendor, Mark.

Categories: Auctions

Auction | 106/20 Hepburn Road, Doncaster

December 3, 2019 Leave a comment

The “Magnolia Apartments” are known for their exceptional quality and luxurious sophistication. We recently auction Number 106, an airy three bedroom, two bathroom abode on the first floor.

It was nice and cosy on auction day with two parties putting their hands up to bid. Auctioneer Tim Heavyside formally passed the property in before negotiating with the highest bidder to the ultimate sale price of $655,000.

Results. It’s a Fletchers thing.

Categories: Auctions

Auction Snapshot | 30 November & 1 December

December 3, 2019 Leave a comment

Another weekend of strong auction results has consequently become Melbourne’s second-biggest auction weekend for 2019, proving the strong demand for properties is creating a sense of urgency amongst buyers.

As the decade draws to a close, the strong performance of the market is likely to continue into the New Year as homeowners take advantage of low interest rates and renewed levels of buyer demand.

With economists referring to the recent surge in house prices as a ‘mini boom’ for the industry, positive market conditions combined with the resurgence in investor activity point towards a much healthier landscape for the property market in 2020.

REIV President, Leah Calnan, said ‘it’s important to look at how the long term market is trending. The Victorian real estate sector has demonstrated long term growth and stability. In signs of an improving market, we are again seeing increasing demand from interstate and international purchasers.’

Results. It’s a Fletchers thing.

Categories: Auction Wrap

Auction | 14 Neath Street, Surrey Hills

November 25, 2019 Leave a comment

A crowd of over 100 people came along to the auction of the reproduction period home at 14 Neath Street in Surrey Hills, just off tree-lined Mont Albert Road.

I took the starting bid of $3,000,000 and the competition climbed from there, reaching a record auction price for the day of $3,843,000!

My team and I were thrilled to achieve a record auction price for our vendors, Chad & Lisa. They presented their home so well throughout the entire campaign and it was a pleasure to have the opportunity to market it!

Categories: Auctions

A Bumper Year for Property Sales in 2020…

November 24, 2019 Leave a comment

We’re seeing property listing numbers in Melbourne starting to improve, as vendors return to the market to try and sell before the end of the year.

“There are only four big weekends left before Christmas, and there’s been a huge increase in listings for February and March next year”.

https://www.domain.com.au/news/rising-listing-numbers-hint-at-bumper-year-for-property-sales-in-2020-911140/

 

Categories: Media

Auction | 24 Compton Street, Canterbury

November 18, 2019 Leave a comment

The rainy day forced the auction of 24 Compton Street, Canterbury to be called inside the home, but luckily there was coffee on offer and a floorplan that could comfortably accommodate the approximately 100-strong crowd.

Bidding was fast and furious amongst five parties, and the result that was achieved was beyond our vendor’s expectations! It took just 37 bids for the price to reach $1,636,000.

Results. It’s a Fletchers thing.

Categories: Auctions

Auction Snapshot | 16 & 17 November

November 18, 2019 Leave a comment

Melbourne’s property market continues to go from strength to strength as it maintains strong auction clearance rates and buyer activity in the lead up to Christmas.

After pushing through the highs and lows of the 2018-19 downturn, the market has defied the expectations of many to make an unprecedently quick recovery. REIV President, Leah Calnan, said ‘Victorian property is a growth asset; anybody who bought in the market five years ago would see an amazing return.’

In fact, a recent report from The Australian Financial Review forecasts a surge in house prices of 11% for Melbourne over the next 12 months. Population growth, three interest rate cuts and loosened credit restrictions have all been attributed to the resurgence.

While the positive market conditions have proved encouraging for buyers, demand continues to outweigh supply as listing volumes have remained particularly low in recent months. Nerida Conisbee from the REA Group cites this as an early part of the recovery cycle, speculating the imbalance will lead to ‘strong prices rises in premium suburbs’.

In Fletchers news, the charming brick Californian Bungalow at 18 Fowler Street in Box Hill South pushed past the 2 million dollar mark at auction last Saturday. Originally on the market for $1,885,000, the 5 bedroom, 2 storey residence saw 4 bidders fight it out for the set of keys. Congratulations to our vendors on the highly successful outcome.

Results. It’s a Fletchers thing.

Categories: Auction Wrap