Home > Uncategorized > Market Update | 3 & 4 July 2021

Market Update | 3 & 4 July 2021

𝐈𝐭 𝐰𝐚𝐬 𝐚 𝐪𝐮𝐢𝐞𝐭𝐞𝐫 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐰𝐞𝐞𝐤𝐞𝐧𝐝 𝐝𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐜𝐡𝐨𝐨𝐥 𝐡𝐨𝐥𝐢𝐝𝐚𝐲𝐬, 𝐰𝐢𝐭𝐡 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 𝟖𝟓𝟎 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐬𝐜𝐡𝐞𝐝𝐮𝐥𝐞𝐝. 𝐈𝐭 𝐟𝐨𝐥𝐥𝐨𝐰𝐬 𝐚𝐧 𝐢𝐧𝐭𝐞𝐫𝐫𝐮𝐩𝐭𝐞𝐝 𝐦𝐨𝐧𝐭𝐡 𝐨𝐟 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐉𝐮𝐧𝐞, 𝐰𝐡𝐞𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 𝐰𝐞𝐫𝐞 𝐚𝐟𝐟𝐞𝐜𝐭𝐞𝐝 𝐛𝐲 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐫𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬, 𝐢𝐧 𝐰𝐡𝐢𝐜𝐡 𝐭𝐡𝐞 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐦𝐨𝐯𝐞𝐝 𝐨𝐧𝐥𝐢𝐧𝐞 𝐟𝐨𝐫 𝐭𝐰𝐨 𝐰𝐞𝐞𝐤𝐬 𝐝𝐮𝐫𝐢𝐧𝐠 𝐥𝐨𝐜𝐤𝐝𝐨𝐰𝐧.


Domain senior research analyst, Nicola Powell, said Melbourne’s auction clearance rate dipped in June to 70.4 per cent, 1 percentage point lower than in May. She further commented that “the impact of lockdowns and COVID-19 weighed heavily on the auction market over the month, nevertheless the city still recorded its highest June result since 2015”.


The Fletchers Group was thrilled to achieve a clearance rate of 86 per cent over the weekend. There were three auctions scheduled in Box Hill North, one selling prior, one selling under the hammer and one shortly after auction. My team and I sold the near-new residence at 10 Janda Court prior, its architecture, style and luxury fixtures and fittings attracting a lot of interest throughout the campaign. Three bidders competed for the property at 87 Woodhouse Grove, which offered the opportunity to renovate, extend or build brand new (STCA). Finally, 120 Dorking Road attracted four bidders and ultimately sold post auction. Neat and tidy, the charming two-bedroom home sits on a large block of approximately 769 sq m.


Offering scope to subdivide and develop (STCA), the three-bedroom home at 45 Alvena Crescent in Heathmont sits on approximately 777 sq m and sold under the hammer. My colleague Trudy Brewster ran an excellent campaign, and I auctioned the property.


In Balwyn North, the contemporary three-bedroom home at 44 Kawarren Street attracted two bidders and sold under the hammer for $1,400,000. Within the Balwyn High School zone, the home had been updated and enhanced, but also offered opportunity as an ideal home site (STCA).


Success. It’s a Fletchers thing.

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