Home > Uncategorized > Market Update | 17 & 18 April 2021

Market Update | 17 & 18 April 2021

It was another ‘Super Saturday’ of sales over the weekend, with more than 1,000 auctions held.

The Domain Group reported a clearance rate of 74.5 per cent, observing that renovators and builders were among the big buyers across the weekend. Australian housing values are surging at their fastest rate in 32 years, with residential values jumping 2.8 per cent in March – the fastest rate of growth since 1988, according to data firm, CoreLogic.

Buyers continue to create fierce competition on auction day due to relatively low stock levels and to take advantage of record low interest rates and government incentives.

The Fletchers Group were thrilled to achieve a clearance rate of 92 per cent on the weekend, with most properties attracting multiple bidders.

My team and I sold 17 Kingston Road in Surrey Hills under the hammer, after it was offered for sale for the first time in 40 years! It was also an honour to represent our vendors of 1 Goulburn Street, Box Hill North which was bought by the family 63 years ago. We also sold 118 Woodhouse Grove, Box Hill North and 32 Severn Street in Balwyn North.

Success. It’s a Fletchers thing.

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