Home > Auction Wrap > Auction Snapshot – 13 & 14 April

Auction Snapshot – 13 & 14 April

The market in 2019 has so far seen auction clearance rates holding up across the state. Continuing our winning streak of strong results across the year, Fletchers has recorded an auction clearance rate of 62% for the week, compared with the statewide results of 58% (REIV). ‘There is a lot more confidence back in the marketplace than what we’ve been seeing – it’s very promising, it’s a little bit like the old days,’ said one agent.

With the Federal election now called for May 18th, many industry experts agree that any uncertainty remaining in the market is likely to settle once the outcome of the election and any policy changes have been announced. ‘Buyers want to buy – they don’t know what’s coming up so they’re a bit cautious’.

Over the weekend, my colleague Harley Toyle and I were thrilled to sell Art Deco beauty at 2/10 Westbourne Grove on Saturday. Three bidders and one fantastic sale later, the rare and spectacular 2-storey semi-detached property went under the hammer for $1,370,000.

Results. It’s a Fletchers thing.

Categories: Auction Wrap
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