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Archive for October, 2019

Auction Snapshot | 26 & 27 October

October 29, 2019 Leave a comment

The windy weather proved to be no deterrent from buyers who helped secure another solid weekend of auction results across Melbourne on Saturday. With 1067 auctions reported, this marks a significant increase from the 811 auctions that took place the weekend prior.

Across the group, we saw a noteworthy 60% of Fletchers properties which sold at auction sell above their reserve price, demonstrating increasing demand from buyers for more properties to hit the market.

Domain Research Analyst, Eliza Owen, echoed the same sentiment. ‘The strong demand, represented in clearance rates consistently over 70 per cent, is also showing in price increases across Melbourne. Domain data shows the median house price is up 4.1 per cent in Melbourne over the September quarter, and unit prices up 3.7 per cent.’

At present, the recovering market has been dubbed ‘the quickest turnaround ever’ from industry experts, with agents reporting ‘some sale prices close to, or above, those during the market boom between 2013 and 2017,’ according to Domain. This means homeowners still have time to capitalise on the strong sales conditions, with the surge in buyer activity expected to stretch out until Christmas.

Results. It’s a Fetchers thing.

Categories: Auction Wrap

14 Neath Street, Surrey Hills

October 29, 2019 Leave a comment

Join me on a tour of 14 Neath Street, Surrey Hills – it’s an amazing home which is a reproduction period home that’s only 11 years old!

Just off tree-lined Mont Albert Road and around the corner from Chatham Primary School, achieve lifestyle perfection within this exquisite 4 bedroom family residence. A soaring Edwardian-inspired vision coupled with quality finishes, enchanting verandahs, a superb alfresco and solar/gas heated self-cleaning Neptune pool, you’ll be able to move straight in and enjoy.

To explore the property and view the Statement of Information, please contact me on 0403 020 404 or visit the website: bit.ly/14NeathStreetSurreyHills

Categories: Listings

Box Hill South: the suburb with a wealth of green options

October 29, 2019 Leave a comment

“Box Hill South has, for a long time, had a higher median than North. We used to get a lot of overflow from Surrey Hills which for a while had a median price over the $2 million mark, so people priced out of the area would go looking in Box Hill South. While the market was going crazy, Box Hill South had an average of $1.5 million.”

Click here to read the full article featured on Domain.

Categories: Media

Auction Snapshot | 19 & 20 October

October 21, 2019 Leave a comment

The latest data from the REIV has shown 14 consecutive weeks of auction clearance rates about 70 per cent across Victoria. Bringing in a total auction volume of $520 million, the weekend saw 652 properties go to auction and 180 properties sell via private sale.

At present, vendors now have their property on the market for an average of 34 days before a sale. This marks the lowest figure in more than a year, down from a high of 50 days on market in February. REIV Chief Executive Officer, Gil King, said ‘these figures demonstrate that demand for Melbourne property is outstripping supply. Spring is a traditionally strong sales period and with fresh demand from buyers, now is the time for anyone thinking about selling a house or a unit to act’.

According to Domain, ‘agents reported some huge sales at the weekend, with prices bouncing back from the lows of last year’. The recent increase in the number of interested and qualified buyers has created multiple opportunities to sell well within the current market, which has resulted in many properties selling well above their reserve at auction.

Results. It’s a Fletchers thing.

Categories: Auction Wrap

Auction | 9 Warwick Street, Box Hill North

October 21, 2019 Leave a comment

Built in the early 1990’s, the stylish two bedroom home at 9 Warwick Street in Box Hill North was being offered for sale for the first time in seven years!

Offering a rare opportunity to secure a stylish home on a compact parcel of land, I fielded bids from two parties. The crowd braved the slightly chilly conditions as the home went on to sell to the successful bidders for $870,000.

Results. It’s a Fletchers thing.

Categories: Auctions

Auction Snapshot | 12 & 13 October

October 15, 2019 Leave a comment

Auction numbers have continued to perform well this month, with clearance rates finishing up at 77% over the weekend. The favourable weather on Saturday saw 708 properties go to auction, marking a slight increase from the 675 auctions that took place the weekend prior.

With similar levels of competition expected in the coming weeks, buyers continue to face an uphill battle as demand for supply continues to grow. CoreLogic Head of Research, Tim Lawless, said ‘the amount of stock on the market is still quite low but buyer numbers are rising because of interest rate cuts and the easing of credit restrictions. The clearance rate got as low as 41 per cent last year so this is a dramatic improvement’.

According to the REA Group, fear of missing out on the current market conditions is another factor creating a sense of urgency among buyers and sellers, resulting in many properties selling well above their reserve. Some of the best performing suburbs in the outer east over the last few months have included Wheelers Hill, Wantirna, Malvern, Mount Waverley, Mulgrave and Kew.

The team and I were thrilled to successfully sell the contemporary town home at 2/19 Hotham Street in Mont Albert for $1,410,000 post auction. A big congratulations to our vendors and the successful purchasers!

Results. It’s a Fletchers thing.

Categories: Auction Wrap

Celebrating 100 Years: An Interview with Steve & Eva Gotsis

October 8, 2019 Leave a comment

As part of our 100-year anniversary in 2019, Fletchers have been sharing a selection of real stories from our valued clients.


Steve and Eva Gotsis first met Canterbury Director and Auctioneer, Tim Heavyside, 17 years ago.

Here’s their story.

How did you come to choose Fletchers?

Eva: Our first experience with Fletchers was when we purchased our block of land at the Wattle Park Estate, which was with Rob Fletcher.

Steve: That was all the way back in 1995.

Eva: We were so happy that it was such a smooth transaction for us. When the time came for us to sell a property, we decided to use them again.

How long have you known Tim?

Eva: Steve and I have known Tim just under 20 years. It was around 2002 when we sold our first property. He’s been over so often; we can talk about everything in detail. Nothing’s off the table. Whether it’s in the afternoon or late in the evening, we can comfortably discuss what we want to achieve.

How many times have you sold with Fletchers?

Steve: We’ve sold around 8 times with Fletchers and over a 17-year period. We’ve sold with Rob FletcherTim HeavysideJason Salan and purchased through Daiman Kane.

Eva: And that’s been across different suburbs as well.

What made you sell with Fletchers multiple times?

Steve: At the end of the day, we keep on going back to Fletchers. Not because we’ve been dealing with them for 20 years, but because we’ve used their whole network. We’ve found them to be really good people that make us feel comfortable and we would not go anywhere else.

What methods of sale have you used to sell your properties? Why?

Eva: When deciding what method to use, we always listen to Tim’s advice because he always seems to come through and achieve the best results for us [smiles].

What was your experience of the sales campaign process?

Eva: Well, it’s been fun [laughs].

Steve: Yeah, it may be fun for you! [smiles]

Eva: Why?

Steve: You get to buy extra furniture, new pillows, new ornaments! You go above and beyond. [smiles]

Eva: Well, look, it has been fun, but I think also Tim has made it fun! [laughs]

In your opinion, how has Fletchers evolved over the years?

Eva: I’ve seen Fletchers branding and website evolve over the years and I think they’ve really moved with the times.

Steve: Fletchers have stayed in tune with how the real estate market has changed and who the buyers are.

Tell us about your experience on working with Tim Heavyside and his team?

Eva: I think working with Tim Heavyside and his team has been really beneficial for us achieving what we want to achieve; a great result. The relationship has also given us the opportunity to really be open. Tim Heavyside’s really just that type of person and we’ve always been comfortable to tell him what works for us. The same with Allison; we’ve had tips on styling, copywriting input, all the little details – all the way from Feng Shui to photography. I love the way they communicate after every open and we really know what’s going on throughout the 4-5week process.

Tell us a little bit about how Fletchers works to get you the best results?

Eva: For us, they’ve always gone above and beyond to meet us with us at any time of the day or night.

Steve: I work in Sales too and I like honesty, integrity, those longstanding relationships.

What comes to mind when you think of Fletchers?

Eva: Teamwork. There’s a great team at Fletchers.

Steve: We have been introduced to the team; whether it’s Allison, Tim’s PA or whether it’s the person working on our artwork, graphics or copy.

Eva: For us, I think it’s the whole team and how they come together to help us achieve that result. That’s why we’ve kept selling with Fletchers.

Have you got any stories to share about your experience with Fletchers?

Eva: Once, we had a porthole at this art deco house and when we were doing the shoot, Tim had this idea. Instead of standing outside the front door, he told the videographer to go inside and did this little entrance with the porthole. It was a fun experience and we had a few laughs along the way. I think that’s achievable after a period of time because you start feeling comfortable. [smiles]

Categories: Real Estate Services