Home > Uncategorized > Market Update | 5 & 6 June 2021

Market Update | 5 & 6 June 2021

𝐌𝐞𝐥𝐛𝐮𝐫𝐧𝐢𝐚𝐧𝐬 𝐛𝐫𝐚𝐜𝐞𝐝 𝐟𝐨𝐫 𝐰𝐢𝐧𝐭𝐞𝐫𝐲 𝐰𝐞𝐚𝐭𝐡𝐞𝐫 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐰𝐞𝐞𝐤𝐞𝐧𝐝, 𝐚𝐬 𝐰𝐞 𝐬𝐞𝐭𝐭𝐥𝐞𝐝 𝐢𝐧𝐭𝐨 𝐚 𝐬𝐞𝐜𝐨𝐧𝐝 𝐰𝐞𝐞𝐤 𝐨𝐟 𝐥𝐨𝐜𝐤𝐝𝐨𝐰𝐧 𝐝𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐮𝐭𝐛𝐫𝐞𝐚𝐤. 𝐖𝐢𝐭𝐡 𝐣𝐮𝐬𝐭 𝐟𝐢𝐯𝐞 𝐩𝐞𝐫𝐦𝐢𝐭𝐭𝐞𝐝 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐥𝐞𝐚𝐯𝐞 𝐡𝐨𝐦𝐞, 𝐛𝐨𝐭𝐡 𝐢𝐧-𝐩𝐞𝐫𝐬𝐨𝐧 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐨𝐧-𝐬𝐢𝐭𝐞 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐦𝐚𝐢𝐧 𝐛𝐚𝐧𝐧𝐞𝐝.

Despite the lockdown rules, Melbourne buyers were still keen to snap up a property. Whilst a number of properties sold prior to their scheduled weekend auction, several went under the hammer online.

We saw 15 people register to bid for the property at 33 Bolinda Road in Balwyn North, which had just two owners since being built in the 1960’s. The couple who owned the home had a nervous week prior to auction, monitoring conditions with agent Nick Fletcher to determine whether to sell prior or proceed to auction. They were selling to downsize and watched online as the property sold for $2,619,000 to a family now planning to live in the home.

Also in Balwyn North, a sought-after single level villa unit at 2/10 Hatfield Street attracted 8 bidders and sold under the hammer. Director & Auctioneer, Jeremy Desmier, expertly fielded bids from the parties as they whittled down to one-thousand-dollar increments, until the home was declared sold.

With plans and permits ready and no heritage overlay, the property at 18 Milverton Street in Camberwell attracted four bidders online. I facilitated the bidding until the property on a prized corner block sold under the hammer.

The Fletchers Group was thrilled to achieve a 100% auction clearance rate over the weekend and extend our congratulations to all successful vendors and purchasers. Of course, these are very challenging times and we hope our clients and the community stay well and safe. We certainly hope that the current lockdown will end as planned this week.

Success. It’s a Fletchers thing.

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