Home > Auction Wrap > Auction Snapshot | 15 & 16 June

Auction Snapshot | 15 & 16 June

Surpassing the state-wide auction clearance rate of 69%, Fletchers are pleased to have cleared more than 72% of homes over the weekend, seeing as many as 5 interested parties bidding at auction.

The strong weekend of results is said to be a sign the market is beginning to improve, with clearance rates reaching their highest point over the last 12 months. With several reports of more buyers attending open for inspections and auctions in recent weeks, it seems now it the time to get a jump on the market and beat the Spring rush. Fletchers Canterbury Partner & Auctioneer, Steven Zervas agrees.

‘The recent outcome of the Federal election has taken a lot of indecision out of the property market. Negative gearing is here to stay, retirees won’t lose their franking credits, talks of another interest rate cut in August will stimulate the market and banks have already loosened their lending requirements.’

In Fletchers news, 57 Warburton Road in Canterbury went under the hammer on Saturday for $2,490,000! With an impressive 4 bidders at auction, the luxurious c.1890 Victorian home features 4 bedrooms, Baltic pine floors, a self-cleaning Magna pool/spa and open fireplace. Congratulations to our vendors on the successful outcome.

Results. It’s a Fletchers thing

 

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Categories: Auction Wrap
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