Market Update | 9 & 10 October 2021
๐๐๐๐๐๐ ๐๐๐๐๐๐ | Last ๐ฐe๐๐ค๐๐ง๐ ๐ฌ๐๐ฐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐๐ข๐ง๐๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ญ๐ก๐ ๐ง๐๐ญ๐ข๐จ๐ง ๐ฃ๐ฎ๐ฆ๐ฉ ๐๐ง ๐๐ฌ๐ญ๐จ๐ง๐ข๐ฌ๐ก๐ข๐ง๐ ๐๐ ๐ฉ๐๐ซ ๐๐๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ซ๐๐ ๐ญ๐จ ๐ฅ๐๐ฌ๐ญ ๐ฐ๐๐๐ค, ๐๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐จ๐ฆ๐๐ข๐ง ๐๐ซ๐จ๐ฎ๐ฉ. ๐๐ก๐ ๐ซ๐ข๐ฌ๐ ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐ ๐๐๐ง ๐๐ ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ญ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ง๐ ๐จ๐ ๐ซ๐๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐๐ฅ๐๐ญ๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐จ ๐๐จ๐ง๐๐ฎ๐๐ญ ๐ข๐ง-๐ฉ๐๐ซ๐ฌ๐จ๐ง, ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐ข๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ.
The REIV recorded a strong clearance rate of 86 per cent from another weekend of auctions conducted online. Over 800 auctions were called over the weekend, with the number expected to be over 1,000 by the following weekend. Of course, there are also a number of properties being scheduled for auction during the week as well, thanks to the flexibility that the online platform provides.
A highlight auction of the weekend was the sale of 22 Davis Street, described by my colleague and auctioneer Steven Zervas – Partner and Auctioneer – Fletchers Real Estate as โthe best house in Burwood Eastโ. He had sold the home to our vendors when it was brand new four years prior and they were hoping to achieve $1.95 million at auction on Saturday. With the home selling for $2.362 million under the hammer in a heated auction with nine bidders, the result was well above their expectations! A young family claimed the keys and are sure to enjoy the luxe five-bedroom home with its French oak floors, marble benchtops and multiple living zones.
During the week, my team and I have conducted a number of online auctions, including 2/67 Essex Road in Surrey Hills, 7 Loma Linda Grove in Balwyn North, 51 Valda Avenue in Mont Albert North and 52 Kitchener Street in Box Hill South which sold under the hammer after two bidders traded $500 bids at the end – the property eventually selling for $2,055,500.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .
