Archive for June, 2019

57 Warburton Road, Canterbury

I’m joined by my lovely vendor, Wendy, to chat about her beautiful family home at 57 Warburton Road in Canterbury which will be auctioned this weekend.
The home blends its rich heritage with the renovation that Wendy and her family completed about five years ago, which includes the fantastic open plan kitchen you see today. It’s complemented by the alfresco area with solar heated Magna pool/spa and blue-ribbon location close to schools, the train and Maling Road cafes.
I hope to see you at the auction this weekend, or in the meantime, visit the Fletchers website to explore the home or view the Statement of Information.
Categories: Listings

Auction Snapshot | 8 & 9 June

Fewer properties were scheduled for auction over the Queen’s Birthday long weekend, temporarily hampering the improving trend in auction results over the last few weeks.

Reaching a clearance rate of 62% following subdued activity on Saturday, some agents believe the market has undergone an interesting transformation this year. ‘The observation of the market is that the buyers have come back but there are no sellers. It’s gone from one extreme to the other.’

Following a historic decision from the Reserve Bank to cut interest rates to 1.25% last week, Domain Economist, Trent Wiltshire, says its likely that the RBA will again reduce rates later this year, with talks that interest rates could be cut down to 1% by Christmas. ‘It’s likely to give the market a bit of a boost and contribute to Melbourne and Sydney house prices stabilising,’ he said.

Results. It’s a Fletchers thing.

#realestate #property #news

Categories: Auction Wrap

Auction: 60 Brinsley Road, Camberwell

The first auction weekend of winter in Melbourne was strong, with several bidders out and about, and a greater feeling of confidence in the air.

We were thrilled to see a crowd of close to 100 people attend our early auction at 60 Brinsley Road in Camberwell, which saw three bidders compete and yielded the highest result for a house in Victoria for the day! Take a look at some of the highlights.

Results. It’s a Fletchers thing.

Categories: Auctions, Media

Auction Snapshot | 1 & 2 June

With reports that several properties sold well above reserve over the weekend, the auction market across Melbourne is continuing to show signs that a turning point could be just around the corner.

Domain, Senior Journalist, Melissa Heagney, agrees. ‘Investors and international buyers were back in the crowd. Popular properties were selling hundreds of thousands of dollars above reserve and attracted several bidders.’

One such example included 60 Brinsley Road in Camberwell, which I sold on Saturday for $3 million. As one of the biggest results in the state over the weekend, the inspiring 5-bedroom Federation went under the hammer for $200,000 above reserve. ‘Ironically, it was a family downsizing who bought it’.

Backed by renewed buyer activity in the market, auction clearance rates have now reached their highest point in a year, increasing to 65% over the weekend. With Domain Economist, Trent Wiltshire, also reporting ‘more people are attending open for inspections and auctions and more people are inquiring about home loans’.

Results. It’s a Fletchers thing.

Categories: Auction Wrap