Are you auction fit for Christmas?

November 15, 2019 Leave a comment

Cup Weekend has come and gone and all of a sudden, we find ourselves faced with the natural deadline that Christmas brings.

But before the Eastern suburbs of Melbourne start to flock to either Peninsula for holidays, there is still plenty of business to take care of with only six Auction weekends remaining in this decade.

So, if you’ve been sitting on the information loop during 2019, here’s my top tips to help get you off the fence and into your new home in 2020!

  • Have a suitable stretch budget. It’s always worth remembering that good real estate is rarely purchased at sub-market value.
  • Preparation is key. Attend the Auction having done your research, know your budget and vendor expectations, ensuring your price expectations sit within a realistic range to avoid disappointment.
  • Surround yourself with an expert team. Ensure your bank and legal representatives are primed to execute your paperwork within the appropriate timeframes, ensuring that loose ends don’t drag over the holiday period.
  • Perform on the day. Be visible, be clear and be confident and if in doubt, never shy away from having someone bid on your behalf. Confidence is key.

Good luck!

Categories: Real Estate Services

Auction | 76 Heathfield Rise, Box Hill North

November 13, 2019 Leave a comment

Renowned for its impressive lifestyle appeal, this sought-after and convenient pocket is most certainly a fantastic place to establish your family. After 24 years, the current owners are moving on and a new family can create their own memories and opportunity on this 688 sqm block.

The complimentary coffee was much-needed on what was a chilly day in Melbourne for the auction. Three bidders competed to secure the home which saw the sale price reach $1,180,000.

Results. It’s a Fletchers thing.

Categories: Auctions

Auction Snapshot | 9 & 10 November

November 13, 2019 Leave a comment

With less than 2 months until Christmas, we’re encouraged to see yet another weekend of auction clearance rates sitting above 70%. The latest data from the REIV shows a significant improvement in clearance rates from this time last year, when they stood at a mere 50%.

Delivering a total auction volume of $499 million and private sale volume of $100 million for the week, AMP Capital Chief Economist, Shane Oliver, said the property market in Victoria had passed its first major test in keeping clearance rates high as more houses continue to be listed for sale.

‘When the recovery started, it was on low volumes [of homes for sale]. Volumes are still well below boom-time levels, but it looks like it’s back to a more normal market,’ he said.

Heading into the New Year, the Federal Government’s decision to widen the First Home Buyers Scheme is set to have amazing benefits for recipients, who will be encouraged to enter the market with a 5% deposit. Coming into effect January 2020, REIV states, ‘a 5% deposit will mean that a potential homeowner would only need to save $30,000 to purchase a property worth $600,000,’ meaning that this new wave of buyers is set to give an extra boost to the market and economy come January.

Results. It’s a Fletchers thing.

Categories: Auction Wrap

Auction | 762 Canterbury Road, Surrey Hills

November 11, 2019 Leave a comment

My team and I were thrilled to work with Vendor Advocate, Ray Wood, to achieve a result that exceed both his and the vendor’s expectations.

Located on the corner of Bentley Street, 762 Canterbury Road in Surrey Hills is an original solid brick home brimming with renovation or redevelopment potential.

Zoned for Box Hill High School, it presented an excellent buying opportunity which two bidders competed to secure on auction day. Take a look at some of the highlights.

Results. It’s a Fletchers thing.

Categories: Auctions

18 Fowler Street, Box Hill South

November 11, 2019 Leave a comment

Join my colleague Brooke Warwick and I on a tour of 18 Fowler Street, Box Hill South.

In arguably one of the locality’s premier tree-lined streets, this charming brick Californian Bungalow has expanded to keep pace with its growing resident family. Extended up and out, the home is now a substantial 2 storey residence with 5 bedrooms, ready for another family to enjoy.

To explore the property and view the Statement of Information, please contact Brooke on 0403 510 822 or myself on 0403 020 404 or visit the website: bit.ly/18fowlerstreetboxhillsouth

Categories: Listings

Auction | 2 Eley Road, Burwood

November 8, 2019 Leave a comment

A large crowd braved the windy conditions for the opportunity to secure the blank canvas on offer at the auction of 2 Eley Road in Burwood.

On approximately 868 sqm, the existing home is a classic but the future for the new owners is filled with the possibility of building a five-star residence or townhouse development (STCA).

Five bidders took the auction from the opening bid of $1,200,000 to the final result of $1,570,000. An excellent outcome for our vendors, Anne & Andrew, and the lovely purchasers.

Results. It’s a Fletchers thing.

Categories: Auctions

2/7 Myrniong Street, Glen Iris

November 8, 2019 Leave a comment

Join me on a tour of 2/7 Myrniong Street, Glen Iris.

Embraced by a dynamic lifestyle brimming with acclaimed Burwood Village cafes and convenient retail, come home to revel in the many pleasures of this brand new 4 bedroom, 3 bathroom town residence. Just seconds to the No. 75 tram to the CBD and the 903 bus to Chadstone and Box Hill.

To explore the property and view the Statement of Information, please contact me on 0403 020 404 or visit the website: bit.ly/2-7MyrniongStreetGlenIris

Categories: Listings