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Archive for February, 2020

3 The Avenue, Blackburn

February 17, 2020 Leave a comment

Join me on a tour of 3 The Avenue, Blackburn.

Making an impressive contribution to one of Blackburn’s most desirable streetscapes, this flawless 4 bedroom, 4 bathroom plus study residence is a Californian Bungalow that has been completely transformed into a luxurious masterpiece. Refreshing in both design and dimension, the lavish lounge room with open fireplace and separate dining room reflect the finest in formal entertaining.

To explore the property and view the statement of information, please contact me on 0403 020 404 or visit the website: bit.ly/3TheAvenueBlackburn

Categories: Listings

Auction Snapshot | 15 & 16 February 2020

February 17, 2020 Leave a comment

Melbourne’s auction market continues to gain momentum, with the second weekend of results for the year showing a phenomenal auction clearance rate of 82%.

When compared with 60% this time last year, current results demonstrate ‘that vendors are really confident going into their auction and confident that they have enough buyers to create that competitive auction environment,’ said Domain Senior Research Analyst, Nicola Powell.

Interestingly, the recent gains for the auction market come as news of Melbourne’s median house prices reach record-breaking highs. According to the REIV, the December 2019 quarter revealed a tremendous increase of 3.7% for houses and 3.8% for units in metro areas. These figures mark the first time that house values have surpassed $850,000 and unit values have surpassed $630,000, with new benchmarks set across the inner, middle and outer rings of Melbourne.

‘These are outstanding figures; the Victorian real estate sector continues to soar to new heights. Buying in Victoria is a great investment; house and unit values are growing across the entire state. Anybody who invested here is getting a great return,’ said REIV President, Leah Calnan.

In Fletchers news, our solid weekend of results saw a total of 14 properties sell across the Fletchers Group, with as many as 6 bidders at auction in spite of the cooler conditions.

Results. It’s a Fletchers thing.

Categories: Auction Wrap

Auction | 2/28 Langford Street, Surrey Hills

February 13, 2020 Leave a comment

My team and I were thrilled to represent our lovely vendors, Nanette & Jenny in the sale of the fantastic single level unit at 2/28 Langford Street in Surrey Hills.

We certainly saw confidence on display at the auction of 2/28 Langford Street in Surrey Hills, where six bidders competed to secure the single level, two bedroom home. Bidding started at $700,000 and the property was declared on the market at $760,000 and went onto sell for $848,000.

Congratulations to our vendors and successful purchasers!

Categories: Auctions

Auction Snapshot | 8 & 9 February 2020

February 11, 2020 Leave a comment
Making a remarkable comeback from the 2017-19 downturn, Melbourne’s housing market has seen a 20 per cent increase in auction clearance rates from this time last year. With renewed buyer confidence already driving positive results in the market, industry experts are expecting a busy start to the year.
 
‘The market is kicking back into gear and we’ll begin to see lots of new listings come on between now and Easter. This weekend’s clearance rates really illustrate the confidence that has come back into the market,’ said Domain Senior Research Analyst, Nicola Powell.
 
With the Reserve Bank having announced its decision to keep interest rates on hold at 0.75 per cent, CoreLogic Head of Research, Tim Lawless, said ‘housing markets have well and truly responded’ to lower interest rates, ‘with national housing values rising 6.7 per cent since the first rate cut in June through to the end of January’.
 
Results. It’s a Fletchers thing.
Categories: Auction Wrap

Auction | 42 Derby Street, Kew

February 9, 2020 Leave a comment

No matter how you pronounce the street name, Number 42 Derby Street in Kew is a brilliant craftsman-built home boasting brilliant proportions and luxe appointments.

The auction was conducted inside and bidding started at $2,300,000 with two parties involved. The property was formally passed in and sold in post-auction negotiations for $2,510,000.

Congratulations to our vendor and the successful purchasers!

Categories: Auctions

6 Boronia Street, Surrey Hills

February 9, 2020 Leave a comment

Join my colleague Mark Fletcher and I on a tour of 6 Boronia Street, Surrey Hills.

Mesmerising from the outset, step past the landscaped frontage and deep verandah into this exquisitely renovated 1927 Californian Bungalow. Highly polished floorboards are juxtaposed by attractive Tudor style panelled walls, crisp white plantation shutters and intricate leadlight windows.

To explore the property and view the statement of information, please contact me on 0403 020 404 or Mark Fletcher on 0403 387 579 or visit the website: bit.ly/6BoroniaStreetSurreyHills

Categories: Listings

Auction | 11 William Street, Box Hill

February 6, 2020 Leave a comment

My team and I were thrilled to represent our lovely vendors, Rob & Helene, in the auction sale of their much-loved family home at 11 William Street in Box Hill.

After an opening bid of $1,300,000 was received, we saw spirited bidding from three parties at one of our first auctions of 2020.

The property was knocked down to the successful bidder at $1,551,000. Congratulations to our vendors and the new home owners!

Categories: Auctions