Home > Auction Wrap > Auction Wrap – 19 June

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

4 Tanami Court, Bulleen

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