Archive for July, 2019

Auction Snapshot | 27 & 28 July

More bidders were seen returning to the auction market over the weekend, with several reports of stronger sales across the state. Marking a solid outcome for clearance rates, Fletchers were delighted to have cleared more than 87% properties at auction, compared with the industry average of 73%.

With activity ramping up in the lead up to Spring, Domain says ‘a combination of buyer confidence and “fear of missing out” is returning to the market.’ Data from Domain’s June quarter results has shown a slight jump in median house prices of 0.3 per cent for the first time since the peak at the end of 2017, sparking signals that Melbourne’s fall in property prices is now over.

This is proving to cause some concern for first-home buyers who continue to face tough competition at auction, even in a weaker property market. As a result, more first-home buyers are now seen moving out of the city and are switching to established homes near schools and shops rather than land and house packages in growth suburbs. Fletchers Doreen Director, Nicholas Matkin, says, ‘I live in Mernda and work in Doreen and first-home buyers have never gone away’.

In Fletchers news, my team and I sold 11 Kaleno View in Balwyn on Saturday. Located within a beatifically tree-lined street, the impressive 4 bedroom property saw 4 bidders at auction, pushing up the original sell price from $1,750,000 to an incredible $1,907,000. ‘According to Google, ‘Kaleno’ means happy! This perfectly describes how our vendors and the successful purchaser feel!’

Results. It’s a Fletchers thing. 

Categories: Auction Wrap

Fletchers Brand Film

For 100 years, we’ve connected people to properties; from their first homes, to their dream homes, and have helped you invest in your future. 🤝Because no matter who you call family, we know family isn’t just an important thing; it’s everything. ❤️

It’s a Fletchers thing.

Categories: Media

Fletchers 2019 Centenary Awards

My team and I had a fantastic time at Fletchers Centenary Award celebrations.

It’s an incredible milestone and we were also thrilled to be recognised by our peers as the ‘Team of the Year’, Harley Toyle for Innovation and myself as Number 1 Salesperson (Director) for 2019.

Happy 100 years! 💯🎉🏆

Categories: Media

Auction | 20A Irilbarra Road, Canterbury

What a crowd, what an auction!

Take a look at some of the highlights from our auction of 20A Irilbarra Road in Canterbury on the weekend. It was fantastic to represent our vendor in the sale of this single level classic, and even better to achieve such a wonderful outcome!

Many thanks to our team members that assisted on the day and throughout the campaign.

Categories: Auctions

Auction Snapshot | 20 & 21 July

With auction clearance rates reaching their highest points for the year over the last few weeks, the property market in Melbourne continues to hold strong, despite reports that auction numbers are down 30 per cent when compared with last year.

According to Domain Economist, Trent Wilshire, Melbourne prices are predicted to be at their lowest level since the boom by the end of this year. ‘We might see some more activity in Spring, but I don’t think we’ll see a big increase in auction numbers until prices start increasing,’ he said.

As a result, the reduced number of houses on the market has caused a high volume of properties to sell well above their reserves across the state, further pushing up auction clearance rates.

One such example was 20A Irilbarra Road in Canterbury, which was sold by my team on Saturday. The 2-bedroom residence, located just off the prized Golden Mile, was originally listed on the market for $967,000. With an astounding 11 bidders fighting for the keys, the single-level home eventually sold for a remarkable $1,178,000.

‘Both our vendors and the successful purchasers are very happy’.

Results. It’s a Fletchers thing.

Categories: Uncategorized

How to prepare your home for a Spring sale

It’s hard to believe, but Spring is just around the corner.

Traditionally considered the season to sell, it’s all about preparation and it could mean adding an extra 5% in the value of your home!

For advice on selling in Spring, don’t hesitate to get in touch with me on 0403 020 404.


Categories: Media

21 Graham Street, Surrey Hills

I’m very grateful to be joined my vendor, Sue, to have a chat about her home at 21 Graham Street in Surrey Hills.

It’s a really impressive, five bedroom plus study home that offers a flexible floorplan with multiple living areas. In addition to the solar heated pool, one of the highlights has to be the views – whether it’s taking in the sunset or the fireworks on New Years Eve!

The home is in a quiet position in a low-traffic pocket just metres from the Riversdale Road tram and Wattle Park. To explore the property and view the Statement of Information, please visit our website:

I hope you enjoy the video, and look forward to meeting you at one of the upcoming open for inspections.

Categories: Listings

Auction Snapshot | 13 & 14 July

The cooler weather certainly hasn’t dampened Melbourne’s property market, which has shown considerable resilience as auction clearance rates continue to rise in the lead up to Spring. Clearing more than 76% of properties over the weekend, Victoria’s auction market saw 257 properties go under the hammer.

With the Reserve Bank having made a historic decision to move forward with a second interest rate cut earlier this month, economists believe a third-rate cut could be expected as soon as Christmas. Households across the country are expected to welcome the reduced payments to their mortgages, putting buyers, sellers and investors in a favourable position to consider their next move.

Despite lower stock volumes in Winter, buyer activity has remained strong over the cooler months as we’ve continued to see auction clearance rates improve in recent weeks. These factors, along with relaxed lending criteria, has already seen the number of potential buyers attending opens and auctions increase, boding well for a successful property campaign.

In Fletchers news, my team and I sold 5/6 Jersey Street in Balwyn on Saturday for an impressive $862,000.

Results. It’s a Fletchers thing.

Categories: Auction Wrap

11 Kaleno View, Balwyn

Join my colleague Spring Chen and I on a tour of the low maintenance family home at 11 Kaleno View in Balwyn.

Offering four bedrooms, the home is north-facing and features beautiful cabinetry and granite benchtops in the kitchen, attractive family room and a great outdoor entertaining area.

The home is well located within the Balwyn High School zone and close to cafes, restaurants and parks. We hope to see you at one of the upcoming open for inspections!

Categories: Listings

Auction Snapshot | 6 & 7 July

With the second interest rate cut for the year and relaxed lending criteria providing a boost of confidence for buyers and sellers alike, last weekend’s clearance rate result of 72% shows signs of a stronger auction market across Melbourne.

Compared with an outstanding clearance rate of 100% for the Fletchers group, we were pleased to see more buyers back in the market and more active bidders at auction. Given the school holiday period typically sees a reduced number of auctions taking place, a total of 176 out of 290 properties sold across the state, bringing in an auction volume of $163 million.

With some agents acknowledging increased competition for buyers is likely as we head into the Spring selling season, one agent remarked, ‘it’s a funny time because there are a lot more buyers back in the market and actively looking, but stock levels haven’t caught up. Vendors want to see a bit more of a body of work than just the few weeks we’ve seen since the election – the catalyst for all of this’.

Results. It’s a Fletchers thing.

Categories: Auction Wrap