Auction Wrap – 19 June
The REIV recorded a clearance rate of 71 per cent on the weekend, compared to 53 per cent on the same weekend last year.
Fletchers had a relatively quiet auction day, although there were generally good numbers seen at auctions and open for inspections. Demand is still outweighing supply!
My colleague Stephanie Michael and I were thrilled to sell the contemporary Art Deco inspired home at 4 Tanami Court in Bulleen, under the hammer. Four bidders saw the price sell for $37,000 above reserve, with an eventual sale price of $1.187 million.
We passed in the two bedroom unit at 7/52 Union Road in Surrey Hills and whilst we received a later offer on the day, the property is still available at an asking price of $560,000. The unit will be open for inspection this Saturday, from 10 – 10.30am.
Next weekend the REIV is expecting 750 auctions to be called.
Hope to see you at some of our open for inspections or auctions on the weekend!
4 Tanami Court, Bulleen
Tim Heavyside 