Home > Auction Wrap > Auction Snapshot | 24 & 25 August

Auction Snapshot | 24 & 25 August

The REIV has reported a clearance rate of 81 per cent on the weekend, the highest rate it has been since April 2017 – with much less for sale. Close to 500 auctions were held, compared to over 800 over the same weekend last year.

With housing market sentiment much improved since the Federal election in May, two interest rate cuts and a regulatory move to relax lending standards, we look set to have a strong Spring selling season. The only component that has ostensibly been missing to date is a volume of sellers.

The Fletchers team achieved a strong auction success rate of 87.5 per cent over the weekend – the last auction weekend of Winter!

My team and I had auctions on both Saturday and Sunday, selling 2 Benbrook Avenue in Mont Albert North and 2/33 Spencer Road in Camberwell under the hammer on Saturday, then 25 Clontarf Crescent in Templestowe on the Sunday! All in all, a very successful weekend, we are so thrilled for our vendors and the successful purchasers.

Results. It’s a Fletchers thing.

Categories: Auction Wrap
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