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Market Update | 9 & 10 October 2021

October 15, 2021 Leave a comment

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

Market Update | 2 & 3 October 2021

October 5, 2021 Leave a comment

๐ˆ๐ญ ๐š๐ฅ๐ฆ๐จ๐ฌ๐ญ ๐Ÿ๐ž๐ฅ๐ญ ๐ฅ๐ข๐ค๐ž ๐š ๐ง๐จ๐ซ๐ฆ๐š๐ฅ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ฐ๐ž๐ž๐ค๐ž๐ง๐ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐Ÿ๐ข๐ซ๐ฌ๐ญ ๐ญ๐ข๐ฆ๐ž ๐ญ๐ก๐ข๐ฌ ๐’๐ฉ๐ซ๐ข๐ง๐ , ๐ฐ๐ข๐ญ๐ก ๐ฌ๐ž๐ฏ๐ž๐ซ๐š๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ข๐ž๐ฌ ๐ฌ๐œ๐ก๐ž๐๐ฎ๐ฅ๐ž๐ ๐ญ๐จ ๐ ๐จ ๐ฎ๐ง๐๐ž๐ซ ๐ญ๐ก๐ž ๐ก๐š๐ฆ๐ฆ๐ž๐ซ. ๐€๐ฅ๐ญ๐ก๐จ๐ฎ๐ ๐ก ๐ฐ๐ž ๐ฐ๐ž๐ซ๐ž๐งโ€™๐ญ ๐š๐›๐ฅ๐ž ๐ญ๐จ ๐ž๐ง๐ฃ๐จ๐ฒ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ง๐ฌ๐ก๐ข๐ง๐ž ๐š๐ง๐ ๐ฎ๐ฌ๐ฎ๐š๐ฅ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ฏ๐ข๐›๐ž ๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐Ÿ๐ซ๐จ๐ง๐ญ ๐จ๐Ÿ ๐š ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ, ๐ญ๐ก๐ž ๐ฅ๐ž๐ฏ๐ž๐ฅ ๐จ๐Ÿ ๐›๐ฎ๐ฒ๐ž๐ซ ๐ข๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ ๐ฐ๐š๐ฌ ๐ก๐ข๐ ๐ก ๐š๐ง๐ ๐œ๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ .


In fact, the Domain Group reports that Australiaโ€™s property boom has reached record highs, resulting in the strongest annual growth in more than 30 years. Property values climbed more than 20 per cent over the past year nationally, marking the fastest annual growth seen since 1989, the latest CoreLogic National Home Value Index shows, with Melbourne up 15 per cent.


Whilst the number of homes hitting the market lifted in September, CoreLogic figures show they were still slightly down on the five-year average for this time of year, and the total supply of homes on the market is about 28 per cent below the five-year average. The combination of record low interest rates and low stock levels continues to put upward pressure on housing values.


Over the weekend, the renovated two-bedroom home at 7 East Court in Camberwell attracted 13 bidders at the online auction, which went for an hour. Steven Zervas – Partner and Auctioneer – Fletchers Real Estate fielded over 100 bids that were exchanged during the course of the auction, until it was finally sold under the hammer for $1,231,000.


Director Ben Williams called two auctions on Sunday, selling both 34 Maple Street, Blackburn and 1 Blake Street in Blackburn North under the hammer. The properties attracted four and five bidders respectively, demonstrating the demand for family homes in locations that cater for a convenient and secure lifestyle.


My team and I sold 2/24 Jersey Street, Balwyn post auction today.


We are certainly seeing the Spring property market come to life, even though it is looking a little different than in years past. Private inspections are in high demand and auctions are being scheduled both on weekends and during the week, so please ensure you keep an eye on our website and in touch with the agent, so youโ€™re kept informed.


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

Market Update | 25 & 26 September 2021

September 28, 2021 Leave a comment

๐–๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐†๐ซ๐š๐ง๐ ๐…๐ข๐ง๐š๐ฅ ๐ข๐ง ๐๐ž๐ซ๐ญ๐ก, ๐ข๐ญ ๐ฐ๐š๐ฌ ๐ฎ๐ง๐ฎ๐ฌ๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐›๐ฎ๐ฌ๐ฒ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐ฅ๐š๐ฌ๐ญ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ฐ๐ž๐ž๐ค๐ž๐ง๐ ๐ข๐ง ๐’๐ž๐ฉ๐ญ๐ž๐ฆ๐›๐ž๐ซ. ๐–๐ข๐ญ๐ก ๐ค๐ข๐œ๐ค-๐จ๐Ÿ๐Ÿ ๐š๐ญ ๐Ÿ•:๐Ÿ๐Ÿ“๐ฉ๐ฆ ๐–๐€ ๐ญ๐ข๐ฆ๐ž, ๐ญ๐ก๐ž๐ซ๐ž ๐ฐ๐š๐ฌ ๐ฉ๐ฅ๐ž๐ง๐ญ๐ฒ ๐จ๐Ÿ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐Ÿ๐จ๐ซ ๐š๐ ๐ž๐ง๐ญ๐ฌ ๐ญ๐จ ๐ซ๐ฎ๐ง ๐ฉ๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐œ๐š๐ฅ๐ฅ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ง๐ฅ๐ข๐ง๐ž.


Boasting an inspirational renovation, the iconic Glenvill home at 13 Silverene Court in Vermont South drew a lot of interest throughout the campaign, despite the impact of an extended lockdown. Offering a superb lifestyle amongst well-kept, landscaped gardens, six bidders competed to secure the home during the online auction. Auctioneer Jeremy Desmier knocked the property down to the successful bidder at $1,723,000.


On Sunday afternoon, Director Ben Williams conducted a relaxed online auction to determine who would be the new owner of the three-bedroom family home at 33 Thornhill Drive in Forest Hill. A total of five bidders participated, until just two determined bidders traded bids until the successful purchaser placed the winning bid!


My team and I sold the near-new, masterfully designed home at 16 Peter Street in Box Hill North prior to its scheduled online auction, for $1,670,000. Recently constructed by the owner, the four-bedroom home offers glamorous interiors, deluxe Neff kitchen and sophisticated lounge/dining out to an undercover alfresco.


As we settle into the Spring selling period, it is clear that whilst it may look a little different, buyer demand remains high. The REA Group reports that prices increased rapidly during the pandemic, with data showing a 20.7% increase in national property prices over the 12 months to August.


The reduction in stock levels due to the extended lockdown has had an impact, creating a high level of pent-up demand. With the easing of restrictions to allow for private inspections and for photography and marketing to be completed, this should help to provide buyers with a greater level of choice and reduce some of the competition for individual properties.


Record low borrowing rates have also been a major driver of the increase in property prices, with the Reserve Bank of Australia holding official interest rates at the record low of 0.1% at its monthly meeting.

REA Director of Economic Research, Cameron Kusher commented, โ€œ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜ฏ๐˜ค๐˜ฉ๐˜ฐ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ง ๐˜ญ๐˜ฐ๐˜ธ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฆ๐˜ด๐˜ต ๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ช๐˜ด ๐˜ข ๐˜ฃ๐˜ช๐˜จ ๐˜ฅ๐˜ณ๐˜ช๐˜ท๐˜ฆ๐˜ณ ๐˜ฐ๐˜ง ๐˜ฑ๐˜ณ๐˜ช๐˜ค๐˜ฆ ๐˜จ๐˜ณ๐˜ฐ๐˜ธ๐˜ต๐˜ฉ ๐˜ฃ๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ฐ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ง๐˜ข๐˜ค๐˜ต๐˜ฐ๐˜ณ๐˜ด ๐˜ด๐˜ถ๐˜ค๐˜ฉ ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ฐ๐˜ฏ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ด๐˜ช๐˜จ๐˜ฏ๐˜ช๐˜ง๐˜ช๐˜ค๐˜ข๐˜ฏ๐˜ต ๐˜ฅ๐˜ช๐˜ด๐˜ค๐˜ฐ๐˜ฏ๐˜ฏ๐˜ฆ๐˜ค๐˜ต ๐˜ฃ๐˜ฆ๐˜ต๐˜ธ๐˜ฆ๐˜ฆ๐˜ฏ ๐˜ฅ๐˜ฆ๐˜ฎ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ ๐˜ฐ๐˜ง ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜ด๐˜ข๐˜ญ๐˜ฆ, ๐˜ฐ๐˜ฏ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ณ๐˜ฆ๐˜ด๐˜ต๐˜ณ๐˜ช๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ฐ๐˜ฏ ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ค๐˜ข๐˜ฏ ๐˜ด๐˜ฑ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ข๐˜ค๐˜ต ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ถ๐˜ฑ๐˜จ๐˜ณ๐˜ข๐˜ฅ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜ฉ๐˜ฐ๐˜ฎ๐˜ฆ๐˜ด ๐˜ฃ๐˜ฆ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ด๐˜ฑ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ด๐˜ฐ ๐˜ฎ๐˜ถ๐˜ค๐˜ฉ ๐˜ต๐˜ช๐˜ฎ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆโ€.


Congratulations to all the Dees fans, what a game over the weekend! Stay safe and be well.


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

Market Update | 11 & 12 September 2021

September 14, 2021 Leave a comment

๐€๐ฌ ๐ฐ๐ž ๐ฆ๐š๐ซ๐ค ๐š๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ฐ๐ž๐ž๐ค๐ž๐ง๐ ๐ข๐ง ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง, ๐ฐ๐žโ€™๐ซ๐ž ๐ฏ๐ž๐ซ๐ฒ ๐ฆ๐ฎ๐œ๐ก ๐ฅ๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐ ๐ญ๐จ ๐ง๐ž๐ฑ๐ญ ๐ฐ๐ž๐ž๐ค, ๐ฐ๐ก๐ž๐ง ๐ฐ๐ž ๐ก๐จ๐ฉ๐ž ๐ญ๐จ ๐ฌ๐ž๐ž ๐ญ๐ก๐ž ๐Ÿ•๐ŸŽ% ๐Ÿ๐ข๐ซ๐ฌ๐ญ ๐๐จ๐ฌ๐ž ๐ฏ๐š๐œ๐œ๐ข๐ง๐ž ๐ญ๐ก๐ซ๐ž๐ฌ๐ก๐จ๐ฅ๐ ๐ฆ๐ž๐ญ ๐š๐ง๐ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐›๐ฌ๐ž๐ช๐ฎ๐ž๐ง๐ญ ๐ซ๐ž๐ญ๐ฎ๐ซ๐ง ๐จ๐Ÿ ๐จ๐ง๐ž-๐จ๐ง-๐จ๐ง๐ž ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ.


Buyer demand has continued to build throughout the lockdown and is likely to burst once the property market can reopen, with buyers set to face stiff competition and bullish prices to secure their dream home.


We saw a glimpse of this demand over the weekend, with two strong online auctions achieving excellent results. The beautifully updated home at 7 Liddle Way in Vermont attracted seven bidders, after the team conducted a final virtual inspection on Thursday morning. Offering multiple living zones and tucked away from the main roads, the competition was fierce, and the home sold under the hammer.


The property at 23 Ian Grove in Burwood saw five bidders compete to secure the home, and over 100 people tuning in online to watch the auction. The low maintenance, three-bedroom home is in the Mount Waverley Secondary College Zone and is on its own title, with no ownerโ€™s corporation fees. Amazingly, with no public inspections conducted due to lockdown, none of the five bidders had actually inspected the property! Auctioneer Steven Zervas knocked the property down to the successful bidder at $1,171,000.


With house prices rising by double digits over the past year in some sought-after suburbs on the back of low interest rates and a lockdown-fuelled desire from more space, the Domain Group reports that there are still good opportunities to get into the market, if buyers consider a nearby location or a different type of property.


Buyer demand is up 77.6% in the Stonnington (east) statistical region compared to this time last year, whilst demand in Bayside has jumped 73.8% and Boroondara is up 42.5%. There has also been strong rises in the tree-change hotspot of the Macedon Ranges and more affordable options such as Keilor and Tullamarine/Broadmeadows. Meanwhile in Warrandyte, house prices rose 25.8% in the year to June according to Domain figures, representing the biggest rise in Melbourne outside of the Mornington Peninsula.


For buyers priced out of the inner suburbs, I suggest Box Hill North instead of neighbouring Balwyn North and Mont Albert North. โ€œ๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ด๐˜ต๐˜ช๐˜ญ๐˜ญ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ญ๐˜ญ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฃ๐˜ถ๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ฑ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ถ๐˜ฏ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ฃ๐˜ถ๐˜ต ๐˜บ๐˜ฐ๐˜ถโ€™๐˜ณ๐˜ฆ ๐˜ด๐˜ต๐˜ช๐˜ญ๐˜ญ ๐˜ด๐˜ฐ ๐˜ค๐˜ญ๐˜ฐ๐˜ด๐˜ฆ ๐˜ต๐˜ฐ ๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜ฎ๐˜ฆ๐˜ฏ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ข๐˜ค๐˜ช๐˜ญ๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ด๐˜ค๐˜ฉ๐˜ฐ๐˜ฐ๐˜ญ๐˜ด. ๐˜‰๐˜ถ๐˜บ๐˜ฆ๐˜ณ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ฅ๐˜ฆ๐˜ง๐˜ช๐˜ฏ๐˜ช๐˜ต๐˜ฆ๐˜ญ๐˜บ ๐˜ด๐˜ต๐˜ข๐˜ณ๐˜ท๐˜ฆ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜บโ€ฆ๐˜ต๐˜ฉ๐˜ฐ๐˜ด๐˜ฆ ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ด๐˜ฐ๐˜ญ๐˜ฅ ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ถ๐˜บ ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จโ€ฆ.๐˜ต๐˜ฉ๐˜ฆ๐˜บโ€™๐˜ณ๐˜ฆ ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ง๐˜ณ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜ฅโ€.


Keep safe and be well.


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

Market Update | 4 & 5 September 2021

September 7, 2021 Leave a comment

๐€๐ฌ ๐•๐ข๐œ๐ญ๐จ๐ซ๐ข๐š’๐ฌ ๐ž๐ฑ๐ญ๐ž๐ง๐๐ž๐ ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง ๐ซ๐จ๐ฅ๐ฅ๐ฌ ๐จ๐ง, ๐ฃ๐ฎ๐ฌ๐ญ ๐Ÿ“๐ŸŽ๐Ÿ“ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐ž๐ซ๐ž ๐ฌ๐œ๐ก๐ž๐๐ฎ๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐ฐ๐ž๐ž๐ค๐ž๐ง๐, ๐ฐ๐ข๐ญ๐ก ๐ฆ๐š๐ง๐ฒ ๐ฏ๐ž๐ง๐๐จ๐ซ๐ฌ ๐œ๐ก๐จ๐จ๐ฌ๐ข๐ง๐  ๐ญ๐จ ๐ฐ๐ข๐ญ๐ก๐๐ซ๐š๐ฐ ๐ญ๐ก๐ž๐ข๐ซ ๐ก๐จ๐ฆ๐ž๐ฌ. ๐“๐ก๐ž ๐…๐ฅ๐ž๐ญ๐œ๐ก๐ž๐ซ๐ฌ ๐ญ๐ž๐š๐ฆ ๐ก๐š๐ ๐ญ๐ฐ๐จ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐œ๐ก๐ž๐๐ฎ๐ฅ๐ž๐, ๐›๐จ๐ญ๐ก ๐ฌ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ฉ๐ซ๐ข๐จ๐ซ ๐š๐ฌ ๐š๐œ๐œ๐ž๐ฉ๐ญ๐š๐›๐ฅ๐ž ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ฌ ๐ฐ๐ž๐ซ๐ž ๐ซ๐ž๐œ๐ž๐ข๐ฏ๐ž๐.


Under current restrictions, in-person inspections and on-site auctions are banned, impacting what would usually be the start of the busy Spring selling season. Regional Victoria looks set for an earlier reprieve, with Premier Daniel Andrews hinting that lockdown settings could be lifted this week. Once these restrictions are lifted, our Bellarine office will have greater capacity to service their clients and facilitate transactions again.


In metro Melbourne, agents have been doing their best to assist buyers by arranging virtual inspections of properties in conjunction with vendors. In the current circumstances, we have seen a surge in demand for properties being sold for their land value only, with purchasers often happy to buy sight-unseen, as they know they’ll only be knocking the home down anyway.


I recently sold a clinker brick duplex via online auction, which sold for a whopping $4.088 million under the hammer. One of the biggest rebuild sales, the auction of 28 Stanley Grove in Canterbury lasted for an hour and 40 minutes, with 152 bids being made during an intense battle to buy the property. “T๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ ๐˜ธ๐˜ฉ๐˜ฐ ๐˜ฃ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ๐˜ต ๐˜ช๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ˆ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ข๐˜ฏ ๐˜ค๐˜ช๐˜ต๐˜ช๐˜ป๐˜ฆ๐˜ฏ ๐˜ญ๐˜ช๐˜ท๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ด๐˜ฆ๐˜ข๐˜ด โ€“ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ฉ๐˜ข๐˜ฅ ๐˜ฏ๐˜ฐ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ง ๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜บ ๐˜ช๐˜ฏ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ”.


Some modest restrictions are due to ease in metro Melbourne around 23 September, when 70% of the population has received one dose of the vaccine. With vaccination rates ramping up across the state, this could be brought forward as soon as 19 September. Under these eased restrictions, private inspections of unoccupied premises will be permitted, which will be a welcome move forward for the real estate industry.


On behalf of the Fletchers team, I hope that all the Fathers and Father-figures had a wonderful day on Sunday. Of course, we also remember those who are no longer with us.


Stay safe and be well.


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

real estate concept on screen of computer, couple looking for apartment to rent or buy
Categories: Uncategorized

Market Update | 28 & 29 August 2021

August 31, 2021 Leave a comment

๐€๐ฌ ๐•๐ข๐œ๐ญ๐จ๐ซ๐ข๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ฌ ๐ข๐ง ๐จ๐ง ๐š ๐ฆ๐จ๐ง๐ญ๐ก ๐ข๐ง ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง ๐ฐ๐ข๐ญ๐ก ๐ง๐จ ๐œ๐ž๐ซ๐ญ๐š๐ข๐ง ๐ž๐ง๐ ๐ข๐ง ๐ฌ๐ข๐ ๐ก๐ญ, ๐ข๐ญ ๐ฅ๐จ๐จ๐ค๐ฌ ๐š๐ฌ ๐ญ๐ก๐จ๐ฎ๐ ๐ก ๐š๐ญ ๐ฅ๐ž๐š๐ฌ๐ญ ๐ฌ๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฉ๐ซ๐ข๐ง๐  ๐ฌ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ฌ๐ž๐š๐ฌ๐จ๐ง ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐ž๐ ๐ฎ๐ง๐๐ž๐ซ ๐ซ๐ž๐ฌ๐ญ๐ซ๐ข๐œ๐ญ๐ข๐จ๐ง๐ฌ. ๐‚๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ, ๐ข๐ง-๐ฉ๐ž๐ซ๐ฌ๐จ๐ง ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐ฉ๐ฎ๐›๐ฅ๐ข๐œ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ก๐š๐ฏ๐ž ๐›๐ž๐ž๐ง ๐›๐š๐ง๐ง๐ž๐, ๐Ÿ๐จ๐ซ๐œ๐ข๐ง๐  ๐ฏ๐ž๐ง๐๐จ๐ซ๐ฌ ๐ญ๐จ ๐œ๐ก๐จ๐จ๐ฌ๐ž ๐ญ๐จ ๐ฉ๐ฎ๐ฌ๐ก ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ, ๐œ๐ซ๐ž๐š๐ญ๐ข๐ฏ๐ž๐ฅ๐ฒ ๐ญ๐ซ๐ฒ๐ข๐ง๐  ๐ญ๐จ ๐ฉ๐ซ๐จ๐ฆ๐จ๐ญ๐ž ๐ญ๐ก๐ž๐ข๐ซ ๐ก๐จ๐ฆ๐ž, ๐จ๐ซ ๐ฉ๐จ๐ฌ๐ญ๐ฉ๐จ๐ง๐ข๐ง๐  ๐ญ๐ก๐ž๐ข๐ซ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐ฌ๐š๐ฅ๐ž.


The lower stock levels have seen interest for properties on the market increase, with a number of homes selling prior to the auction or via online auction only having had a handful of in-person inspections and in some cases, none at all!


Over the weekend, five bidders competed via an online auction for the property at 45 Park Crescent in Kew. Presented in immaculately maintained, mostly original condition, the property boasts stunning beamed cathedral ceilings and a premier corner allotment that could lend itself to future redevelopment (STCA). Auctioneer Jeremy Desmier fielded just 20 bids during the half hour auction, before knocking it down at $1,650,000.


Fletchers Blackburn agent, Connor Sun, sold two properties in Burwood East prior to their scheduled online auctions over the weekend. Both 32 Newhaven Road and 15 Sugarloaf Close received acceptable offers, demonstrating the high level of interest in high quality, well located homes.


My team and I also sold 20 Surrey Street in Box Hill South prior to auction.


The Real Estate Institute of Victoria [REIV] continues to lobby the Victorian government to review the real estate industry and change its status to โ€œessentialโ€, to allow inspection of homes. In an open letter to the Premier of Victoria, the industry body states that โ€˜when Victorians buy, sell or rent a property, they are making some of the most significant financial decisions of their lives. And, as a result, itโ€™s imperative theyโ€™re informed and have had the opportunity to undertake critical due diligence.


We wholeheartedly agree, and also urge the Victorian government to remove the ban on private inspections to ensure that the unnecessary burden on homeowners is removed and those seeking access to rental properties can put a roof over their heads.


As with many other industries, the consequence of ongoing lockdowns is seeing people experience hardship โ€“ many people have bought and need to sell, for example, or have sold and need to buy. As the lockdown continues, many are being forced to undertake these key transactions virtually or sight-unseen.


We do expect that once the market does reopen, there will be a flurry of activity as homeowners who have held back due to the restrictions will scramble to get online as quickly as possible. We encourage you to reach out and start a conversation now about your options if youโ€™re considering selling this year. Many vendors are working with their agents to facilitate online inspections for keen buyers, and of course, authorities and contracts can be completed digitally.


Please stay safe and well. ๐Ÿ˜ท


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

Online Auction | 9 Kawarren St, Balwyn Nth

August 25, 2021 Leave a comment

Offered for the first time for sale in 14 years, the beautifully renovated and extended home at 9 Kawarren Street in Balwyn North was sold via online auction over the weekend.

It was a marathon auction, lasting an hour and a half, with two bidders tussling it out in the end to secure the keys. The home eventually sold under the hammer for $2,421,500 but to get there, bids of just $500 were traded for the last half an hour of the auction.

Our congratulations to our vendors and to the successful bidders who managed to hang on until the end!

Categories: Uncategorized

Market Update | 21 & 22 August 2021

August 24, 2021 Leave a comment

๐Ž๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐ฐ๐ž๐ž๐ค๐ž๐ง๐, ๐•๐ข๐œ๐ญ๐จ๐ซ๐ข๐š ๐ฐ๐š๐ฌ ๐จ๐ง๐œ๐ž ๐š๐ ๐š๐ข๐ง ๐ฉ๐ฅ๐š๐œ๐ž๐ ๐ข๐ง ๐š ๐ฌ๐ญ๐š๐ญ๐ž-๐ฐ๐ข๐๐ž ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง, ๐ฐ๐ข๐ญ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐š๐ซ๐ž๐š๐ฌ ๐ฃ๐จ๐ข๐ง๐ข๐ง๐  ๐ฆ๐ž๐ญ๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐š๐ง ๐Œ๐ž๐ฅ๐›๐จ๐ฎ๐ซ๐ง๐ž ๐ข๐ง ๐š ๐›๐ข๐ ๐ญ๐จ ๐œ๐ฎ๐ซ๐› ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐ฌ๐ฉ๐ซ๐ž๐š๐ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐š๐œ๐ซ๐จ๐ฌ๐ฌ ๐จ๐ฎ๐ซ ๐œ๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ.


Although just over 1,100 auctions were schedule in Melbourne on Saturday, some were postponed due to the lockdown. Those vendors brave enough to proceed were rewarded, with the Fletchers Group achieving a 100% success rate between properties sold under the hammer and prior to auction.


In a marathon online auction lasting 90 minutes, two bidders tussled over the renovated home at 9 Kawarren Street in Balwyn North, which eventually sold for $2,421,500. I fielded more than 100 bids from the front room of my home, with bids of just $500 taking up the final 30 minutes of the auction. The underbidders twice conceded and congratulated the other party, only to jump back in with more offers. The home sold for more than $200,000 over the reserve price โ€“ it was on the market at $2.2 million โ€“ an example of how successful online auctions can be.


โ€œ๐˜๐˜ฆ๐˜ฏ๐˜ฅ๐˜ฐ๐˜ณ๐˜ด ๐˜ค๐˜ข๐˜ฏ ๐˜ฃ๐˜ฆ ๐˜ฉ๐˜ฆ๐˜ด๐˜ช๐˜ต๐˜ข๐˜ฏ๐˜ต ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜ช๐˜ต ๐˜ฃ๐˜ฆ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ ๐˜ช๐˜ตโ€™๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ฆ๐˜ข๐˜ณ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ถ๐˜ฏ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ๐˜ฏ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข ๐˜ค๐˜ฐ๐˜ถ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ฐ๐˜ง ๐˜บ๐˜ฆ๐˜ข๐˜ณ๐˜ด ๐˜ข๐˜จ๐˜ฐ ๐˜ช๐˜ต ๐˜ธ๐˜ข๐˜ด๐˜ฏโ€™๐˜ต ๐˜จ๐˜ฆ๐˜ฏ๐˜ฆ๐˜ณ๐˜ข๐˜ญ ๐˜ฑ๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ, ๐˜ฃ๐˜ถ๐˜ต ๐˜ช๐˜ต ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ๐˜ธ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜โ€™๐˜ฎ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ด๐˜ถ๐˜ณ๐˜ฆ ๐˜ช๐˜ง ๐˜ช๐˜ตโ€™๐˜ด ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ต๐˜ฐ ๐˜ด๐˜ต๐˜ข๐˜บ, ๐˜ฃ๐˜ถ๐˜ต ๐˜ช๐˜ตโ€™๐˜ด ๐˜ข ๐˜ฑ๐˜ณ๐˜ฐ๐˜ญ๐˜ช๐˜ง๐˜ช๐˜ค ๐˜ธ๐˜ข๐˜บ ๐˜ฐ๐˜ง ๐˜ด๐˜ฆ๐˜ญ๐˜ญ๐˜ช๐˜ฏ๐˜จโ€.


There were only two inspections before Melbourneโ€™s sixth lockdown was announced, which made vendor Nav Krishnan feel a little nervous, with the auction held on a day when the Andrews Government announced further restrictions, including a lockdown for regional Victoria.


โ€œ๐˜๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ฏ๐˜ฆ๐˜ณ๐˜ท๐˜ฆ-๐˜ณ๐˜ข๐˜ค๐˜ฌ๐˜ช๐˜ฏ๐˜จ ๐˜ฃ๐˜ฆ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ ๐˜ฐ๐˜ง ๐˜ญ๐˜ฐ๐˜ค๐˜ฌ๐˜ฅ๐˜ฐ๐˜ธ๐˜ฏ. ๐˜ž๐˜ฆ ๐˜ธ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ, โ€˜๐˜ˆ๐˜ณ๐˜ฆ ๐˜ธ๐˜ฆ ๐˜จ๐˜ฐ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ข๐˜ถ๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ณ ๐˜ฏ๐˜ฐ๐˜ต?โ€™,โ€ Mr Krishnan said. โ€œ๐˜‰๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ณ๐˜ฆ๐˜ด๐˜ถ๐˜ญ๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ด๐˜ถ๐˜ฑ๐˜ฆ๐˜ณ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ญ๐˜ญ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ ๐˜ช๐˜ง ๐˜ธ๐˜ฆ ๐˜ฅ๐˜ช๐˜ฅ๐˜ฏโ€™๐˜ต ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ข ๐˜ญ๐˜ฐ๐˜ค๐˜ฌ๐˜ฅ๐˜ฐ๐˜ธ๐˜ฏ. ๐˜–๐˜ฏ๐˜ฆ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ข๐˜ค๐˜ต๐˜ฐ๐˜ณ๐˜ด ๐˜ธ๐˜ข๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ฏโ€™๐˜ต ๐˜ฃ๐˜ฆ ๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ฐ๐˜ง ๐˜ฏ๐˜ฆ๐˜ธ ๐˜ฉ๐˜ฐ๐˜ฎ๐˜ฆ๐˜ด ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฎ๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต, ๐˜ข๐˜ต ๐˜ญ๐˜ฆ๐˜ข๐˜ด๐˜ต, ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ฆ๐˜ข๐˜ณ ๐˜ง๐˜ถ๐˜ต๐˜ถ๐˜ณ๐˜ฆ.โ€ The location of the house inside the coveted Balwyn High School zone was also a major drawcard.


As stock levels begin to tighten up due to the lockdown, it is becoming very frustrating for both vendors waiting to put their property on the market, and those buyers keen to purchase. We have even seen some properties sell to keen buyers, sight-unseen! These are certainly very trying times and we continue to work with both our vendors and buyers to facilitate transactions as best we can, whether that be via virtual inspections or reaching out to our database.


We strongly believe that itโ€™s important to get the ball rolling if youโ€™re considering selling, to ensure youโ€™re ahead of the pack when the inevitable post-lockdown rush to market begins. Eighteen months into the pandemic, our team is adaptable to the conditions and is available to assist you with advice and strategy. Don’t hesitate to contact me today for a confidential discussion.


๐’๐ญ๐š๐ฒ ๐ฌ๐š๐Ÿ๐ž ๐š๐ง๐ ๐›๐ž ๐ฐ๐ž๐ฅ๐ฅ. ๐Ÿ˜ท

Categories: Uncategorized

Market Update | 14 & 15 August 2021

August 17, 2021 Leave a comment

๐€๐ฌ ๐ฉ๐ž๐จ๐ฉ๐ฅ๐ž ๐ข๐ง ๐ฆ๐ž๐ญ๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐š๐ง ๐Œ๐ž๐ฅ๐›๐จ๐ฎ๐ซ๐ง๐ž ๐ฌ๐ž๐ญ๐ญ๐ฅ๐ž๐ ๐ข๐ง๐ญ๐จ ๐š๐ง ๐ž๐ฑ๐ญ๐ž๐ง๐ฌ๐ข๐จ๐ง ๐จ๐Ÿ ๐‹๐จ๐œ๐ค๐๐จ๐ฐ๐ง ๐Ÿ”.๐ŸŽ, ๐ญ๐ก๐จ๐ฌ๐ž ๐ข๐ง ๐ซ๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐•๐ข๐œ๐ญ๐จ๐ซ๐ข๐š ๐ซ๐ž๐œ๐ž๐ข๐ฏ๐ž๐ ๐š ๐ฐ๐ž๐ฅ๐œ๐จ๐ฆ๐ž ๐ซ๐ž๐ฉ๐ซ๐ข๐ž๐ฏ๐ž ๐ฐ๐ข๐ญ๐ก ๐ซ๐ž๐ฌ๐ญ๐ซ๐ข๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ž๐š๐ฌ๐ข๐ง๐ . ๐–๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ข๐ง ๐ฉ๐ฅ๐š๐œ๐ž ๐ข๐ง ๐ฆ๐ž๐ญ๐ซ๐จ ๐Œ๐ž๐ฅ๐›๐จ๐ฎ๐ซ๐ง๐ž, ๐ฉ๐ซ๐จ๐ฉ๐ž๐ซ๐ญ๐ฒ ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐ž๐ฆ๐š๐ข๐ง ๐ฏ๐ข๐ซ๐ญ๐ฎ๐š๐ฅ ๐š๐ง๐ ๐š๐ฎ๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐œ๐จ๐ง๐๐ฎ๐œ๐ญ๐ž๐ ๐จ๐ง๐ฅ๐ข๐ง๐ž.

Four bidders participated in the auction of 30 Russell Street in Camberwell, a double brick Federation residence nestled within the richly tree-lined Tara Estate. We gave each bidder plenty of time to put their stamp on the auction and secure the home, with the auction running for over an hour! The property was formally passed in to the highest bidder, who went on to purchase the home in post-auction negotiations.

My colleague Gail Logan and I also sold 2/7 Warwick Court, Surrey Hills in post-auction negotiations.

The auction of 13 Catherine Avenue in Doncaster East was much quicker, with the three bidders taking just 20 minutes to determine who would be the new owner. Auctioneer Jason Salan declared the four-bedroom, renovated family home under the hammer for $1,614,000.

The brilliantly designed, five-bedroom home at 15 Invermay Grove in Rosanna was auctioned by the Fletchers Banyule team over the weekend, offering buyers a substantial family home in an excellent location. It took competition from just two bidders to see the property sell under the hammer.

The Domain Group reports that overall, auction numbers continue to trend lower due to the restrictive lockdowns in Melbourne and Sydney – however, auction volumes also continue to defy the traditional winter glut.

In their July 2021 Auction Report, the Domain Group found that prior to escalated restrictions, Melbourne and Sydney were set for the busiest July on record. Whilst this did not eventuate, more sellers are choosing to postpone their auctions to a later date rather than taking their properties off the market, unlike the initial COVID lockdown last year. The strength in homes going under the hammer illustrates that sellers are more likely to proceed with their sale during periods of short, sharp lockdowns.

Please stay safe and well. ๐Ÿ˜ท

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

Online Auction | 28 Stanley Gv, Canterbury

August 17, 2021 Leave a comment

It may have been the online format or the number of bidders (9!) but whatever the cause, the auction of 28 Stanley Grove in Canterbury went for over an hour and a half!

The original clinker brick home was being offered for sale for the first time in 49 years, located in one of Canterbury’s most beautiful groves.

Here’s a small cut of what was a very long auction….the successful bidder had even fashioned her own paddle for the occasion!

Categories: Uncategorized