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Market Update | 23 & 24 October 2021
๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐๐ซ๐ ๐ฉ๐๐ซ๐ฆ๐ข๐ญ๐ญ๐๐ ๐จ๐ง-๐ฌ๐ข๐ญ๐ ๐ข๐ง ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ญ๐ข๐ฆ๐ ๐ข๐ง ๐ฆ๐จ๐ง๐ญ๐ก๐ฌ, ๐๐ฅ๐๐๐ข๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฉ๐๐๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐๐ง๐ฌ๐ข๐ญ๐ฒ ๐ฅ๐ข๐ฆ๐ข๐ญ๐ฌ. ๐๐ก๐ข๐ฅ๐ฌ๐ญ ๐ญ๐ก๐๐ซ๐ ๐ข๐ฌ ๐ฉ๐ฅ๐๐ง๐ญ๐ฒ ๐จ๐ ๐๐๐ฌ๐ข๐ซ๐ ๐ญ๐จ ๐ ๐๐ญ ๐๐๐๐ค ๐ญ๐จ ๐ง๐จ๐ซ๐ฆ๐๐ฅ๐ข๐ญ๐ฒ, ๐ญ๐ก๐ ๐๐๐๐๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐ฎ๐ฉ๐ฅ๐๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ข๐ง๐๐ฅ๐๐ฆ๐๐ง๐ญ ๐ฐ๐๐๐ญ๐ก๐๐ซ ๐ฌ๐๐ฐ ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐๐ฆ๐๐ข๐ง ๐จ๐ง๐ฅ๐ข๐ง๐.
In Burwood East, the four-bedroom, family home at 4 Skene Street offered scope for renovation and attracted six bidders to the online auction. Bidding began at the bottom of the price guide and rose fast, in a mix of increments mostly ranging from $10,000 down to $1,000. The race for the keys narrowed to two bidders, with the home selling under the hammer for $1.663 million.
Auctioneer Ben Williams said, โthe market is holding up really well since we have come out of the lockdown period for real estateโฆthere has been a lot more stockโฆdemand is still far outstripping supplyโ. He said that buyers had become comfortable with the online method, which is why the sale went ahead virtually rather than in person.
Our team’s two auctions were called in Surrey Hills on Saturday morning, adopting the โhybridโ style with both on-site and online bidders participating. The auction of 4/18 Essex Road in Surrey Hills saw a total of five bidders participate โ two online and three on-site. The auction lasted for an hour, as I patiently fielded the bids traded between the parties. The successful bidder secured the keys to the home, when it was knocked down at $901,000. The following auction at 2/26 Florence Road was a much quicker affair with two bidders, with the property selling for $755,000.
In Malvern East, the auction of 12A Warida Avenue was also held on the street, seeing two bidders compete for the three-bedroom, single level home. The private, conveniently located home went on to sell for $1,013,000.
Online, the magnificently renovated and extended family home at 8 Tyrrell Street in Mont Albert North attracted five bidders and sold for $2,205,000.
In other property news, the Domain Group reports that some home sellers have brought forward their listings in hopes of getting the best price, before new mortgage rules kick in and reduce the budgets of potential buyers. Potential buyers who are hoping to borrow the maximum amount are also rushing to get in before the cut-off at the end of October.Property buyers will be assessed to ensure they could repay their loans, should the interest rates rise 3 percentage points, up from 2.5 per cent previously, under recently announced rules by bank regulator the Australian Prudential Regulation Authority (APRA) that are likely to cut buyersโ maximum borrowing capacity by about 5 per cent.
But with only 8 per cent of applicants borrowing their maximum, on Commonwealth Bank figures, most buyers are unaffected, meaning property prices are likely to keep pushing higher, albeit not at the same pace.
As Victoria is set to reach the 80 per cent double-dose vaccination milestone, open for inspections will also make a return with a capacity limit of 150 attendees. Both inspection and auction attendees are required to be double vaccinated and, of course, must check-in upon arrival.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

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!

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 .

Market Update | 2 & 3 October 2021
๐๐ญ ๐๐ฅ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ฅ๐ญ ๐ฅ๐ข๐ค๐ ๐ ๐ง๐จ๐ซ๐ฆ๐๐ฅ ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ฐ๐๐๐ค๐๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ญ๐ข๐ฆ๐ ๐ญ๐ก๐ข๐ฌ ๐๐ฉ๐ซ๐ข๐ง๐ , ๐ฐ๐ข๐ญ๐ก ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ข๐๐ฌ ๐ฌ๐๐ก๐๐๐ฎ๐ฅ๐๐ ๐ญ๐จ ๐ ๐จ ๐ฎ๐ง๐๐๐ซ ๐ญ๐ก๐ ๐ก๐๐ฆ๐ฆ๐๐ซ. ๐๐ฅ๐ญ๐ก๐จ๐ฎ๐ ๐ก ๐ฐ๐ ๐ฐ๐๐ซ๐๐งโ๐ญ ๐๐๐ฅ๐ ๐ญ๐จ ๐๐ง๐ฃ๐จ๐ฒ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ง๐ฌ๐ก๐ข๐ง๐ ๐๐ง๐ ๐ฎ๐ฌ๐ฎ๐๐ฅ ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ฏ๐ข๐๐ ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ซ๐จ๐ง๐ญ ๐จ๐ ๐ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ, ๐ญ๐ก๐ ๐ฅ๐๐ฏ๐๐ฅ ๐จ๐ ๐๐ฎ๐ฒ๐๐ซ ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐ฐ๐๐ฌ ๐ก๐ข๐ ๐ก ๐๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ .
In fact, the Domain Group reports that Australiaโs 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 youโre kept informed.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Market Update | 25 & 26 September 2021
๐๐ข๐ญ๐ก ๐ญ๐ก๐ ๐๐ซ๐๐ง๐ ๐ ๐ข๐ง๐๐ฅ ๐ข๐ง ๐๐๐ซ๐ญ๐ก, ๐ข๐ญ ๐ฐ๐๐ฌ ๐ฎ๐ง๐ฎ๐ฌ๐ฎ๐๐ฅ๐ฅ๐ฒ ๐๐ฎ๐ฌ๐ฒ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฅ๐๐ฌ๐ญ ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ฐ๐๐๐ค๐๐ง๐ ๐ข๐ง ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ. ๐๐ข๐ญ๐ก ๐ค๐ข๐๐ค-๐จ๐๐ ๐๐ญ ๐:๐๐๐ฉ๐ฆ ๐๐ ๐ญ๐ข๐ฆ๐, ๐ญ๐ก๐๐ซ๐ ๐ฐ๐๐ฌ ๐ฉ๐ฅ๐๐ง๐ญ๐ฒ ๐จ๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐๐ ๐๐ง๐ญ๐ฌ ๐ญ๐จ ๐ซ๐ฎ๐ง ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐ข๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐๐ฅ๐ฅ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ง๐ฅ๐ข๐ง๐.
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, โ๐ต๐ฉ๐ฆ ๐ข๐ฏ๐ค๐ฉ๐ฐ๐ณ๐ช๐ฏ๐จ ๐ฐ๐ง ๐ญ๐ฐ๐ธ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐ณ๐ข๐ต๐ฆ๐ด ๐ช๐ด ๐ข ๐ฃ๐ช๐จ ๐ฅ๐ณ๐ช๐ท๐ฆ๐ณ ๐ฐ๐ง ๐ฑ๐ณ๐ช๐ค๐ฆ ๐จ๐ณ๐ฐ๐ธ๐ต๐ฉ ๐ฃ๐ถ๐ต ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ข๐ณ๐ฆ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ง๐ข๐ค๐ต๐ฐ๐ณ๐ด ๐ด๐ถ๐ค๐ฉ ๐ข๐ด ๐ข๐ฏ ๐ฐ๐ฏ๐จ๐ฐ๐ช๐ฏ๐จ ๐ด๐ช๐จ๐ฏ๐ช๐ง๐ช๐ค๐ข๐ฏ๐ต ๐ฅ๐ช๐ด๐ค๐ฐ๐ฏ๐ฏ๐ฆ๐ค๐ต ๐ฃ๐ฆ๐ต๐ธ๐ฆ๐ฆ๐ฏ ๐ฅ๐ฆ๐ฎ๐ข๐ฏ๐ฅ ๐ง๐ฐ๐ณ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐ช๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ ๐ด๐ถ๐ฑ๐ฑ๐ญ๐บ ๐ฐ๐ง ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐ช๐ฆ๐ด ๐ง๐ฐ๐ณ ๐ด๐ข๐ญ๐ฆ, ๐ฐ๐ฏ๐จ๐ฐ๐ช๐ฏ๐จ ๐ณ๐ฆ๐ด๐ต๐ณ๐ช๐ค๐ต๐ช๐ฐ๐ฏ๐ด ๐ฐ๐ฏ ๐ฉ๐ฐ๐ธ ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ค๐ข๐ฏ ๐ด๐ฑ๐ฆ๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฎ๐ฐ๐ฏ๐ฆ๐บ ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ ๐ง๐ข๐ค๐ต ๐ต๐ฉ๐ข๐ต ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ข๐ณ๐ฆ ๐ญ๐ฐ๐ฐ๐ฌ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ถ๐ฑ๐จ๐ณ๐ข๐ฅ๐ฆ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฉ๐ฐ๐ฎ๐ฆ๐ด ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ต๐ฉ๐ฆ๐บ ๐ด๐ฑ๐ฆ๐ฏ๐ฅ ๐ด๐ฐ ๐ฎ๐ถ๐ค๐ฉ ๐ต๐ช๐ฎ๐ฆ ๐ต๐ฉ๐ฆ๐ณ๐ฆโ.
Congratulations to all the Dees fans, what a game over the weekend! Stay safe and be well.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Market Update | 11 & 12 September 2021
๐๐ฌ ๐ฐ๐ ๐ฆ๐๐ซ๐ค ๐๐ง๐จ๐ญ๐ก๐๐ซ ๐ฐ๐๐๐ค๐๐ง๐ ๐ข๐ง ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง, ๐ฐ๐โ๐ซ๐ ๐ฏ๐๐ซ๐ฒ ๐ฆ๐ฎ๐๐ก ๐ฅ๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ๐ฐ๐๐ซ๐ ๐ญ๐จ ๐ง๐๐ฑ๐ญ ๐ฐ๐๐๐ค, ๐ฐ๐ก๐๐ง ๐ฐ๐ ๐ก๐จ๐ฉ๐ ๐ญ๐จ ๐ฌ๐๐ ๐ญ๐ก๐ ๐๐% ๐๐ข๐ซ๐ฌ๐ญ ๐๐จ๐ฌ๐ ๐ฏ๐๐๐๐ข๐ง๐ ๐ญ๐ก๐ซ๐๐ฌ๐ก๐จ๐ฅ๐ ๐ฆ๐๐ญ ๐๐ง๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐๐ฌ๐๐ช๐ฎ๐๐ง๐ญ ๐ซ๐๐ญ๐ฎ๐ซ๐ง ๐จ๐ ๐จ๐ง๐-๐จ๐ง-๐จ๐ง๐ ๐ข๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง๐ฌ.
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 ownerโs 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. โ๐๐ฉ๐ฆ๐ณ๐ฆ ๐ข๐ณ๐ฆ ๐ด๐ต๐ช๐ญ๐ญ ๐ฆ๐น๐ค๐ฆ๐ญ๐ญ๐ฆ๐ฏ๐ต ๐ฃ๐ถ๐บ๐ช๐ฏ๐จ ๐ฐ๐ฑ๐ฑ๐ฐ๐ณ๐ต๐ถ๐ฏ๐ช๐ต๐ช๐ฆ๐ด ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ฃ๐ถ๐ต ๐บ๐ฐ๐ถโ๐ณ๐ฆ ๐ด๐ต๐ช๐ญ๐ญ ๐ด๐ฐ ๐ค๐ญ๐ฐ๐ด๐ฆ ๐ต๐ฐ ๐ข ๐ญ๐ฐ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ข๐ฎ๐ฆ๐ฏ๐ช๐ต๐ช๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ง๐ข๐ค๐ช๐ญ๐ช๐ต๐ช๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ด๐ค๐ฉ๐ฐ๐ฐ๐ญ๐ด. ๐๐ถ๐บ๐ฆ๐ณ๐ด ๐ข๐ณ๐ฆ ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ช๐ต๐ฆ๐ญ๐บ ๐ด๐ต๐ข๐ณ๐ท๐ฆ๐ฅ ๐ง๐ฐ๐ณ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บโฆ๐ต๐ฉ๐ฐ๐ด๐ฆ ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ต๐ฉ๐ข๐ต ๐ฉ๐ข๐ท๐ฆ ๐ด๐ฐ๐ญ๐ฅ ๐ด๐ฐ๐ฎ๐ฆ๐ต๐ฉ๐ช๐ฏ๐จ ๐ข๐ฏ๐ฅ ๐ฏ๐ฆ๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ถ๐บ ๐ด๐ฐ๐ฎ๐ฆ๐ต๐ฉ๐ช๐ฏ๐จโฆ.๐ต๐ฉ๐ฆ๐บโ๐ณ๐ฆ ๐ท๐ฆ๐ณ๐บ ๐ง๐ณ๐ถ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐ฅโ.
Keep safe and be well.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Market Update | 4 & 5 September 2021
๐๐ฌ ๐๐ข๐๐ญ๐จ๐ซ๐ข๐’๐ฌ ๐๐ฑ๐ญ๐๐ง๐๐๐ ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง ๐ซ๐จ๐ฅ๐ฅ๐ฌ ๐จ๐ง, ๐ฃ๐ฎ๐ฌ๐ญ ๐๐๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐๐ซ๐ ๐ฌ๐๐ก๐๐๐ฎ๐ฅ๐๐ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฐ๐๐๐ค๐๐ง๐, ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ง๐ฒ ๐ฏ๐๐ง๐๐จ๐ซ๐ฌ ๐๐ก๐จ๐จ๐ฌ๐ข๐ง๐ ๐ญ๐จ ๐ฐ๐ข๐ญ๐ก๐๐ซ๐๐ฐ ๐ญ๐ก๐๐ข๐ซ ๐ก๐จ๐ฆ๐๐ฌ. ๐๐ก๐ ๐ ๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐๐๐ฆ ๐ก๐๐ ๐ญ๐ฐ๐จ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐๐ก๐๐๐ฎ๐ฅ๐๐, ๐๐จ๐ญ๐ก ๐ฌ๐๐ฅ๐ฅ๐ข๐ง๐ ๐ฉ๐ซ๐ข๐จ๐ซ ๐๐ฌ ๐๐๐๐๐ฉ๐ญ๐๐๐ฅ๐ ๐จ๐๐๐๐ซ๐ฌ ๐ฐ๐๐ซ๐ ๐ซ๐๐๐๐ข๐ฏ๐๐.
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. “T๐ฉ๐ฆ ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ ๐ธ๐ฉ๐ฐ ๐ฃ๐ฐ๐ถ๐จ๐ฉ๐ต ๐ช๐ต ๐ธ๐ข๐ด ๐ข๐ฏ ๐๐ถ๐ด๐ต๐ณ๐ข๐ญ๐ช๐ข๐ฏ ๐ค๐ช๐ต๐ช๐ป๐ฆ๐ฏ ๐ญ๐ช๐ท๐ช๐ฏ๐จ ๐ฐ๐ท๐ฆ๐ณ๐ด๐ฆ๐ข๐ด โ ๐ต๐ฉ๐ฆ๐บ ๐ฉ๐ข๐ฅ ๐ฏ๐ฐ ๐ช๐ฏ๐ต๐ฆ๐ฏ๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ง ๐ญ๐ฐ๐ฐ๐ฌ๐ช๐ฏ๐จ ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ ๐ช๐ฏ ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ”.
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.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญ’๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Market Update | 28 & 29 August 2021
๐๐ฌ ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐๐ฅ๐จ๐ฌ๐๐ฌ ๐ข๐ง ๐จ๐ง ๐ ๐ฆ๐จ๐ง๐ญ๐ก ๐ข๐ง ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง ๐ฐ๐ข๐ญ๐ก ๐ง๐จ ๐๐๐ซ๐ญ๐๐ข๐ง ๐๐ง๐ ๐ข๐ง ๐ฌ๐ข๐ ๐ก๐ญ, ๐ข๐ญ ๐ฅ๐จ๐จ๐ค๐ฌ ๐๐ฌ ๐ญ๐ก๐จ๐ฎ๐ ๐ก ๐๐ญ ๐ฅ๐๐๐ฌ๐ญ ๐ฌ๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฉ๐ซ๐ข๐ง๐ ๐ฌ๐๐ฅ๐ฅ๐ข๐ง๐ ๐ฌ๐๐๐ฌ๐จ๐ง ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐จ๐ง๐๐ฎ๐๐ญ๐๐ ๐ฎ๐ง๐๐๐ซ ๐ซ๐๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ. ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ, ๐ข๐ง-๐ฉ๐๐ซ๐ฌ๐จ๐ง ๐ข๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ฉ๐ฎ๐๐ฅ๐ข๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ก๐๐ฏ๐ ๐๐๐๐ง ๐๐๐ง๐ง๐๐, ๐๐จ๐ซ๐๐ข๐ง๐ ๐ฏ๐๐ง๐๐จ๐ซ๐ฌ ๐ญ๐จ ๐๐ก๐จ๐จ๐ฌ๐ ๐ญ๐จ ๐ฉ๐ฎ๐ฌ๐ก ๐๐จ๐ซ๐ฐ๐๐ซ๐ ๐ฐ๐ข๐ญ๐ก ๐จ๐ง๐ฅ๐ข๐ง๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ซ๐๐๐ญ๐ข๐ฏ๐๐ฅ๐ฒ ๐ญ๐ซ๐ฒ๐ข๐ง๐ ๐ญ๐จ ๐ฉ๐ซ๐จ๐ฆ๐จ๐ญ๐ ๐ญ๐ก๐๐ข๐ซ ๐ก๐จ๐ฆ๐, ๐จ๐ซ ๐ฉ๐จ๐ฌ๐ญ๐ฉ๐จ๐ง๐ข๐ง๐ ๐ญ๐ก๐๐ข๐ซ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐ฌ๐๐ฅ๐.
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 โessentialโ, to allow inspection of homes. In an open letter to the Premier of Victoria, the industry body states that โwhen Victorians buy, sell or rent a property, they are making some of the most significant financial decisions of their lives. And, as a result, itโs imperative theyโre 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 youโre 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. ๐ท
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐
๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Online Auction | 9 Kawarren St, Balwyn Nth
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!
Market Update | 21 & 22 August 2021
๐๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฐ๐๐๐ค๐๐ง๐, ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐ฐ๐๐ฌ ๐จ๐ง๐๐ ๐๐ ๐๐ข๐ง ๐ฉ๐ฅ๐๐๐๐ ๐ข๐ง ๐ ๐ฌ๐ญ๐๐ญ๐-๐ฐ๐ข๐๐ ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง, ๐ฐ๐ข๐ญ๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐๐๐ฌ ๐ฃ๐จ๐ข๐ง๐ข๐ง๐ ๐ฆ๐๐ญ๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐๐ง ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐ ๐ข๐ง ๐ ๐๐ข๐ ๐ญ๐จ ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐ฉ๐ซ๐๐๐ ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
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.
โ๐๐ฆ๐ฏ๐ฅ๐ฐ๐ณ๐ด ๐ค๐ข๐ฏ ๐ฃ๐ฆ ๐ฉ๐ฆ๐ด๐ช๐ต๐ข๐ฏ๐ต ๐ข๐ณ๐ฐ๐ถ๐ฏ๐ฅ ๐ช๐ต ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ช๐ตโ๐ด ๐ต๐ฉ๐ฆ ๐ง๐ฆ๐ข๐ณ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ถ๐ฏ๐ฌ๐ฏ๐ฐ๐ธ๐ฏ, ๐ข๐ฏ๐ฅ ๐ข ๐ค๐ฐ๐ถ๐ฑ๐ญ๐ฆ ๐ฐ๐ง ๐บ๐ฆ๐ข๐ณ๐ด ๐ข๐จ๐ฐ ๐ช๐ต ๐ธ๐ข๐ด๐ฏโ๐ต ๐จ๐ฆ๐ฏ๐ฆ๐ณ๐ข๐ญ ๐ฑ๐ณ๐ข๐ค๐ต๐ช๐ค๐ฆ, ๐ฃ๐ถ๐ต ๐ช๐ต ๐ช๐ด ๐ฏ๐ฐ๐ธ, ๐ข๐ฏ๐ฅ ๐โ๐ฎ ๐ฏ๐ฐ๐ต ๐ด๐ถ๐ณ๐ฆ ๐ช๐ง ๐ช๐ตโ๐ด ๐ฉ๐ฆ๐ณ๐ฆ ๐ต๐ฐ ๐ด๐ต๐ข๐บ, ๐ฃ๐ถ๐ต ๐ช๐ตโ๐ด ๐ข ๐ฑ๐ณ๐ฐ๐ญ๐ช๐ง๐ช๐ค ๐ธ๐ข๐บ ๐ฐ๐ง ๐ด๐ฆ๐ญ๐ญ๐ช๐ฏ๐จโ.
There were only two inspections before Melbourneโs 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.
โ๐๐ต ๐ธ๐ข๐ด ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ ๐ฏ๐ฆ๐ณ๐ท๐ฆ-๐ณ๐ข๐ค๐ฌ๐ช๐ฏ๐จ ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฐ๐ง ๐ญ๐ฐ๐ค๐ฌ๐ฅ๐ฐ๐ธ๐ฏ. ๐๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ญ๐ช๐ฌ๐ฆ, โ๐๐ณ๐ฆ ๐ธ๐ฆ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ข๐ถ๐ค๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ณ ๐ฏ๐ฐ๐ต?โ,โ Mr Krishnan said. โ๐๐ถ๐ต ๐ต๐ฉ๐ช๐ด ๐ณ๐ฆ๐ด๐ถ๐ญ๐ต ๐ธ๐ข๐ด ๐ด๐ถ๐ฑ๐ฆ๐ณ ๐ฆ๐น๐ค๐ฆ๐ญ๐ญ๐ฆ๐ฏ๐ต ๐ฆ๐ท๐ฆ๐ฏ ๐ช๐ง ๐ธ๐ฆ ๐ฅ๐ช๐ฅ๐ฏโ๐ต ๐ฉ๐ข๐ท๐ฆ ๐ข ๐ญ๐ฐ๐ค๐ฌ๐ฅ๐ฐ๐ธ๐ฏ. ๐๐ฏ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ง๐ข๐ค๐ต๐ฐ๐ณ๐ด ๐ธ๐ข๐ด ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ธ๐ฐ๐ฏโ๐ต ๐ฃ๐ฆ ๐ข ๐ญ๐ฐ๐ต ๐ฐ๐ง ๐ฏ๐ฆ๐ธ ๐ฉ๐ฐ๐ฎ๐ฆ๐ด ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต, ๐ข๐ต ๐ญ๐ฆ๐ข๐ด๐ต, ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐ข๐ณ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ.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 itโs important to get the ball rolling if youโre considering selling, to ensure youโre 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.
๐๐ญ๐๐ฒ ๐ฌ๐๐๐ ๐๐ง๐ ๐๐ ๐ฐ๐๐ฅ๐ฅ. ๐ท
