Home > Uncategorized > Market Update | 29 & 30 May 2021

Market Update | 29 & 30 May 2021

𝐕𝐢𝐜𝐭𝐨𝐫𝐢𝐚𝐧𝐬 𝐰𝐞𝐫𝐞 𝐩𝐥𝐮𝐧𝐠𝐞𝐝 𝐢𝐧𝐭𝐨 𝐚𝐥𝐥 𝐭𝐨𝐨 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫 𝐥𝐨𝐜𝐤𝐝𝐨𝐰𝐧 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐥𝐚𝐬𝐭 𝐅𝐫𝐢𝐝𝐚𝐲, 𝐚𝐬 𝐭𝐡𝐞 𝐬𝐭𝐚𝐭𝐞 𝐛𝐞𝐠𝐚𝐧 𝐚 𝟕-𝐝𝐚𝐲 “𝐜𝐢𝐫𝐜𝐮𝐢𝐭-𝐛𝐫𝐞𝐚𝐤𝐞𝐫” 𝐭𝐨 𝐬𝐭𝐞𝐦 𝐭𝐡𝐞 𝐟𝐥𝐨𝐰 𝐨𝐟 𝐚 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐮𝐭𝐛𝐫𝐞𝐚𝐤. 𝐀𝐬 𝐚 𝐫𝐞𝐬𝐮𝐥𝐭, 𝐢𝐧-𝐩𝐞𝐫𝐬𝐨𝐧 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐛𝐚𝐧𝐧𝐞𝐝, 𝐚𝐧𝐝 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐦𝐨𝐯𝐞𝐝 𝐭𝐨 𝐨𝐧𝐥𝐢𝐧𝐞/𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐨𝐧𝐥𝐲.

We saw several auctions moved forward to Thursday night and more still selling prior to their scheduled auctions as agents negotiated sales before lockdown began.

My team and I held our first “twilight” auction for the property at 83 Middlesex Road in Surrey Hills, which was conducted safely and was a great success! The fully renovated Californian Bungalow home sold under the hammer, and both vendor and successful purchasers were rapt with the result.

In Glen Iris, the auction of 10 Florence Avenue was also brought forward, attracting four bidders and selling under the hammer for $1,905,000.Many auctions move online, and now well-practiced in this space, it did not deter buyers looking to secure their dream home.

Over on the Mornington Peninsula, Director & Auctioneer Josh Callaghan fielded 107 bids during the online auction of 11 Maxwell Street in Blairgowrie. The auction resulted in a ground-breaking sales result of $2,562,001.

We await news of whether the lockdown will be extended past 7 days, but regardless of the outcome, we are confident that the property market will continue with strength after this brief pause in normal activity.

Success. It’s a Fletchers thing.

Categories: Uncategorized
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