Home > Auction Wrap > Auction Wrap – 13 May 2013

Auction Wrap – 13 May 2013

The REIV recorded a clearance rate of 72 per cent on the weekend, compared to 61 per cent on the same weekend last year.

Fletchers achieved a success rate of 90 per cent, with the market definitely surging forward. The interest rate cut last week is certainly assisting!

It was one of those beautiful Autumn days in Melbourne on Saturday, with plenty of colourful leaves everywhere. We sold 10 Station Street, Burwood under the hammer for an undisclosed amount, with five bidders in contention.

The auction of 14 Ryeburne Avenue, Hawthorn East prompted two bidders to put their hands up, with the period home selling under the hammer for $2.4 million.

During the week, my colleague Thomas Lo and I also sold 13 Winmalee Road in Balwyn for an excellent price of $2.4 million.

Next weekend, around 670 auctions are expected in Melbourne. Fletchers have 19 auctions scheduled and I have a big day calling six auctions, including the four units at 84 Winfield Road, Balwyn North from 11am.

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

14RyeburneAvenueHAWTHORNEAST-3

Auction Action at 14 Ryeburne Avenue, Hawthorn East
(photo courtesy of James Market News)

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