Market Update | 16 & 17 October 2021
๐๐ ๐ซ๐๐๐๐ข๐ฏ๐๐ ๐ฌ๐จ๐ฆ๐ ๐ฐ๐๐ฅ๐๐จ๐ฆ๐ ๐ง๐๐ฐ๐ฌ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฐ๐๐๐ค๐๐ง๐, ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฆ๐ข๐๐ซ ๐๐๐ง๐ข๐๐ฅ ๐๐ง๐๐ซ๐๐ฐ๐ฌ ๐๐ง๐ง๐จ๐ฎ๐ง๐๐ข๐ง๐ ๐ญ๐ก๐๐ญ ๐ซ๐๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐ ๐ฌ๐๐ญ ๐ญ๐จ ๐๐๐ฌ๐ ๐ข๐ง ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐๐ซ๐จ๐ฆ ๐๐:๐๐๐ฉ๐ฆ ๐ญ๐ก๐ข๐ฌ ๐๐ก๐ฎ๐ซ๐ฌ๐๐๐ฒ. ๐๐ข๐ญ๐ก ๐๐% ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐ข๐ ๐ข๐๐ฅ๐ ๐ฉ๐จ๐ฉ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐ฏ๐๐๐๐ข๐ง๐๐ญ๐๐, ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐๐ฐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ฅ๐ข๐๐ญ๐๐ ๐๐ง๐ ๐ซ๐๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ง ๐ฅ๐๐๐ฏ๐ข๐ง๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ ๐ซ๐๐ฆ๐จ๐ฏ๐๐.
In terms of real estate, private inspections will remain in place until the next vaccination milestone of 80% vaccination is reached (expected to be in the first week of November). Real estate offices will remain closed, but on-site auctions are permitted, with a maximum cap of 50 vaccinated attendees, outdoors. Masks are here to stay for the time being, required both indoors and outdoors for all Victorians.
During the week, a number of online auctions were scheduled, yielding fantastic results for our vendors. Some of the highlights included our mid-week auction of 52 Kitchener Street in Box Hill South. The beautiful four-bedroom home, zoned for Box Hill High School attracted a total of four bidders, however, it was whittled down to two extremely keen parties who sought to call the property home. I finally knocked the property down as sold at $2,055,500.
The auction of 4/51 Wandsworth Road in Surrey Hills was another online tug-of-war between two parties, trading bids to secure the single-level, three-bedroom home. With its own street frontage and within walking distance to shops, schools, and public transport, it was no surprise that the bidders didnโt want to let this one go! Of course, there can only be one winner, and the property was knocked down to the successful bidder.
Over the weekend, the lovely family home at 28 Currajong Avenue in Camberwell attracted four bidders. In the treasured Sunnyside Estate, the home boasts an expansive single-level design featuring multiple living zones. The property went on to sell under the hammer for $3,465,000.
We expect that this weekend will be a mix of on-site and online auctions, so please check in online and with your local Fletchers agent to keep up to date with any properties youโre interested in.
Stay safe and be well!
