Home > Auction Wrap > Auction Snapshot | 22 & 23 June

Auction Snapshot | 22 & 23 June

After exceeding the industry average clearance rate by 10% this week, the Fletchers team achieved a fantastic outcome for its auctions across Melbourne, clearing more than 80% of properties over a cold, yet successful weekend.

While we are seeing as many as three to five bidders per auction, many agents and auctioneers have been reporting lower levels of stock currently on the market, creating a highly competitive auction environment for prospective buyers. In response, Domain Economist, Trent Wilshire, said ‘clearance rates over recent weeks are now at the highest point in over a year, so activity has definitely picked up. There’s more buyer interest and activity, with lower interest rates a key driver.’

In Fletchers news, 5-bedroom Californian Bungalow was a stand-out at auction over the weekend. Providing a private retreat from the hustle and bustle of everyday life, the timeless home offers its new residents an attractive dining and family room with open fireplace, solar-heated pool and fully tiled vogue ensuite. My team and I were thrilled to achieve such a fantastic result.

Results. It’s a Fletchers thing.

#realestate #property #news

Categories: Auction Wrap
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: