Auction Snapshot | 18 & 19 May
It seems the property market in Melbourne received the vote of confidence at election day on Saturday. Passing the state-wide clearance rate of 65%, Fletchers achieved a record-breaking clearance rate for the year, selling more than 88% of properties at auction over the weekend.
With just under 400 auctions taking place, one agent claimed ‘election day to me has always been a great day to auction, everyone is out and about – so there are crowds. And they get into the auction sport’.
Seeing an average of 2-3 bidders at each auction, among the biggest results for Fletchers included the charming weatherboard family home at 10 Anthony Crescent in Box Hill North, which went under the hammer at $1,185,000. Featuring white plantation shutters and polished floorboards, the 4-bedroom, 2-bathroom home garnered the interest of 3 bidders and was sold by Tim Heavyside of Fletchers Canterbury.
Similarly, 9 Viewpoint Road in Balwyn North also sold at auction by Rino Presutto of Fletchers Balwyn North on Saturday. Achieving an incredible result of $1,268,000, the mid-century home was originally listed on the market for $1,130,000. Attracting 3 bidders at auction, the versatile property provided an abundance of possibilities for those interested in constructing a new luxury home or initiating a renovation.
Results. It’s a Fletchers thing.
Tim Heavyside 