Home > Auction Wrap > Auction Wrap – 6 May 2013

Auction Wrap – 6 May 2013

The REIV recorded a clearance rate of 71 per cent on the weekend, compared to 57 per cent on the same weekend last year.

Fletchers achieved a success rate of 73 per cent, with activity and results remain high both for our company and the industry itself.

We had three partied bid at the auction of 434 Elgar Road in Box Hill which was pleasing to see, however our vendor’s expectations were not met on the day. The property is open this Thursday, 9 May from 3-3.30pm and we are confident that the home will sell eventually.

There has been a lot of debate about what the Reserve Bank will do with interest rates this week; I believe that they will remain at 3 per cent.

Next weekend, around 730 auctions are expected in Melbourne. Fletchers have 12 auctions scheduled and I am calling two: 14 Ryeburne Avenue, Hawthorn East and 10 Station Street, Burwood.

Hope to see you at some of our open for inspections or auctions on the weekend!

14 Ryeburne Avenue, Hawthorn East

14 Ryeburne Avenue, Hawthorn East (auction at 12pm)

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