Home > Uncategorized > Market Update | 9 & 10 October 2021

Market Update | 9 & 10 October 2021

๐Œ๐€๐‘๐Š๐„๐“ ๐”๐๐ƒ๐€๐“๐„ | Last ๐ฐe๐ž๐ค๐ž๐ง๐ ๐ฌ๐š๐ฐ ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐›๐ข๐ง๐ž๐ ๐œ๐š๐ฉ๐ข๐ญ๐š๐ฅ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ž ๐š๐œ๐ซ๐จ๐ฌ๐ฌ ๐ญ๐ก๐ž ๐ง๐š๐ญ๐ข๐จ๐ง ๐ฃ๐ฎ๐ฆ๐ฉ ๐š๐ง ๐š๐ฌ๐ญ๐จ๐ง๐ข๐ฌ๐ก๐ข๐ง๐  ๐Ÿ“๐Ÿ ๐ฉ๐ž๐ซ ๐œ๐ž๐ง๐ญ ๐œ๐จ๐ฆ๐ฉ๐š๐ซ๐ž๐ ๐ญ๐จ ๐ฅ๐š๐ฌ๐ญ ๐ฐ๐ž๐ž๐ค, ๐š๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐ƒ๐จ๐ฆ๐š๐ข๐ง ๐†๐ซ๐จ๐ฎ๐ฉ. ๐“๐ก๐ž ๐ซ๐ข๐ฌ๐ž ๐ก๐ž๐ซ๐ž ๐ข๐ง ๐Œ๐ž๐ฅ๐›๐จ๐ฎ๐ซ๐ง๐ž ๐œ๐š๐ง ๐›๐ž ๐๐ข๐ซ๐ž๐œ๐ญ๐ฅ๐ฒ ๐š๐ญ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐ก๐ž ๐ž๐š๐ฌ๐ข๐ง๐  ๐จ๐Ÿ ๐ซ๐ž๐ฌ๐ญ๐ซ๐ข๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐ž๐ฅ๐š๐ญ๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐จ ๐œ๐จ๐ง๐๐ฎ๐œ๐ญ ๐ข๐ง-๐ฉ๐ž๐ซ๐ฌ๐จ๐ง, ๐ฉ๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐Ÿ– ๐’๐ž๐ฉ๐ญ๐ž๐ฆ๐›๐ž๐ซ.


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 โ€œthe 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.


๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ. ๐ˆ๐ญโ€™๐ฌ ๐š ๐…๐ฅ๐ž๐ญ๐œ๐ก๐ž๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Categories: Uncategorized
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